The Business Times, 4 March 1988

Microfilm: NL16110
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIME MCI (P) 95/12/87 FRIDAY, MARCH 4, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    277 1 AP Dow Jones higher WALL STREET stocks edged higher yesterday morning, struggling to extend its latewinter rally. The Dow Jones Industrial Average rose 1.82 points to 2,073.11 in the first hour of trading. Gainers outnumbered losers by about eight to seven in the overall tally of New
    AP  -  277 words
  • Article, Illustration
    Stocks surge in anticipation of Budget
    288 1 EXPECTATIONS of a mildly stimulative Budget which could include incentives to fuel the growth of large local corporations yesterday led the Singapore stock market to stage a strong turnaround and close sharply higher. The 20.11-point gain on the ST Industrial Index, which crossed the
    288 words
  • Article
    Khoo sells Aussie hotel chain for A$540m
    397 1  -  From FLORENCE CHONG FUGITIVE TYCOON Khoo Teck Puat has sold his Australianbased Southern Pacific Hotel Corporation (SPHC) to Hong-kong-listed William Hunt Holdings Ltd for Ass4o million (Ss7Bs million). William Hunt is 56 per centowned by a group consisting of its chairman, Adriaan Zecha,
    397 words
  • Article, Illustration
    Budget expected to be mild with goodies for some sectors
    720 1  -  Cost increases will not be completely unexpected By ZHOU MEI THE ECONOMY is certified fully recovered. The two-year moratorium on a number of costs is about up. Growth this year is expected to slow down. This is likely to be
    720 words
  • Article
    Greenback refuses to budge
    116 1 SENTIMENT towards the US dollar remained basically unchanged in Tokyo yesterday, following a temporary surge in New York on Wednesday. It hardly moved at the close against the major currencies in spite of attempts by operators to push it out of its recent trading range, dealers
    116 words
  • Article
    Lock icon Taiwan says US 'unfair'
    97 1 Reuter TAIWAN sakJ It has opened its markets wider and boosted its currency more than other Asian exporters. It called US threats to retaliate against the island because of its trade practices unfair. "We have done much more than other nations in the past two years
    Reuter  -  97 words
  • Article
    Lock icon Foreign fund withdrawals could cause US recession: Bergsten
    489 1 AP PEOPLE in foreign countries have invested US$l.5 trillion in the United States and withdrawals could cause a recession, according to a former top US Treasury official. C Fred Bergsten, who now heads the Institute for International Economics, a study group financed
    AP  -  489 words
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      Page 1 Advertisements Column 1
      75 1 NAME YOU CAN COUNT JSiife 222-51W LEGENDARY CROCODILE ALWAYS IN DEMAND Discover the reasons RO( ODILE is fast bet oming Singapore's best resource for men. avaiiabii at •02 Jscf*r*froiNf •01-OOWISMA ATRIA •01-71 PARKWAY PARAOf •01-121 MARINA SQU ARf •111 OOOIiRC ffMRf •01 Ml (A >ll>Hllt SQi ARf •o I MH
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      Page 1 Advertisements Column 2
      294 1 Full report, Page 18 Regional marfcata, Paga 20 World marfcata, Paga 21 wsm SINGAPORE, South Korea or Hongkong will be home to Dennison Manufacturing's new subsidiary in the Far East. HOME NEWS, Page 2 IF SOUTH KOREA and other Asion nations do not end what the US calls unfair trading
      294 words
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      Page 1 Advertisements Column 3
      58 1 Bits and bytes of on-line trading WHEN Trade Net. the computerised import-export system, becomes operational at the end of the year, traders can expect big savings. However, there will be teething problems as the trading community will need to learn to give up their pen and paper for the QWERTY
      58 words
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      Page 1 Advertisements Column 4
      35 1 Budget wish-list What do«i tha business community want to haar whan Flnanca Mlnlstar Dr Richard Hu makas his Budgat proposals In Parllamant thl» afternoon? Saa Paga 10 US Ihr—Hm S#oul wNh trad* curbs, p»g« 5
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      Page 1 Advertisements Column 5
      65 1 EP4IOZ QUADRUPLE ZOOMING POWER Power-enlarging to 4 times original size. How the deal was sealed, Page 11 Shipping Times comes as a separata section today. Make sure you get your copy. /A a. testoni BOIOGNA iTAiiA <** 1 V AT A. TESTONI BOUTIQUES #01-10 Hilton Hotel Shopping Gallery Tel: *****55
      65 words
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  • HOME NEWS
    • Article
      Singapore on Dennison's shortlist for new unit
      445 2  -  Company wants to set up production and distribution centre By LINDA CHEE SINGAPORE, South Korea or Hongkong. One of the these countries will be home to Dennison Manufacturing s new subsidiary in the Far East. Dennison, a Fortune 500 company, will decide by
      445 words
    • Article
      SIA to set up pilot school
      212 2 SINGAPORE AIRLINES is to set up a school to train cadet pilots. The school, to be known as the Singapore Flying College (SFC), is expected to be set up in October at the Seletar Airport. SFC will be incorporated as an SIA subsidiary with
      212 words
    • Article, Illustration
      Malaysian armed forces chief arrives for visit
      109 2 THE MALAYSIAN ARMED FORCES CHIEF of Defence Forces, General Tan Sri Dato Hashim Mohd Ali, arrived in Singapore yesterday afternoon on a three-day official visit. He is in the Republic at the invitation of the Singapore Armed Forces Chief of the General Staff,
      109 words
    • Article
      Bahrain will no longer be a stopover point for airline
      181 2 TO OPERATE faster services to Europe, Singapore Airlines will no longer be using Bahrain as a stopover point. From March 28, SlA's thrice-weekly 8747 flights to Europe will overfly Bahrain on the airline s westbound European services. The flights will
      181 words
    • Article
      It's The New Paper
      84 2 THE NEW PAPER. That's the name of the newspaper The Straits Times Press will launch in July. The name was chosen from among 311 suggestions made by staff of Singapore Press Holdings, to which the Straits Times group belongs. The winning entry came from The Straits
      84 words
    • Article
      Singapore Poly to buy microcomputers
      216 2 THE SINGAPORE Polytechnic is to buy 147 microcomputer* in April as part of its $5 million programme to develop comput-er-aided learning (CAL). It yesterday signed an agreement with Philips Singapore to buy the micros for $610,050 and Netpower Computing Resources for seven Superlsn networking systems
      216 words
    • Article
      Poly's guild house to get major face-lift
      323 2 GRADUATES of the Singapore Polytechnic will have a new guild house for their gettogethers by August. The existing prsmises of the Polytechnic's Graduatea' Guild secretariat, at Block 7 on the Dover Road campus, will be renovated at a cost of about $550,000 to
      323 words
    • Article
      SCCCI head explains goal of trade mission
      255 2 THE SINGAPORE Chinese Chamber of Commerce and Industry's (SCCCI) investment and trade mission to Mauritius and Reunion Island is part of its move to help exporters diversify their markets. Members had been too dependent on traditional markets for too long, said Mr Linn
      255 words
    • Article
      Corrections and clarifications
      128 2 IN YESTERDAY'S ARTICLE. "Industrial and Commercial Bank maintains total dividend at 5 per cent", it was reported that UOB owns 71.7 per cent of ICB. (JOB has, of course, an 87.2 per cent stake in ICB. On Wednesday, a report on the Winter Olympics was headlined wrongly.
      128 words
    • Article
      Publishing mission to make fact-finding trip to Japan
      324 2 A PUBLISHING MISSION will leave for Tokyo on Sunday to look at how the Japaneee publishing industry promotes itself. During its 10-day stay, the group will hold talks with its Japanese counterparts, comprising 34 members. who are involved in publications ranging from
      324 words
    • Article
      MEMO PAD
      610 2 r Seminars and CZfl x < Courses g&Mk J Mor 19 and Aspects of Tax Hilton Hotel Singapore 26 Minimisation Association of the Institute of Chartered Secretaries ond Administrators Mar 21-25 Developing Knowledge- Institote of Institute of *****66 1 Based Systems Systems Science. Systems Science. NUS NUS Mar
      610 words
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      319 2 An International Conference On MALAYSIA BUSINESS PROSPECTS INVESTMENT OPPORTUNITIES 25 MARCH 1988: THE DYNASTY HOTEL, SINGAPORE Official Opening Keynote Address by Minister of Trade Industry, Malaysia, YB Datin Paduka Rafidah Aziz Opportunity to develop profitable business ventures Face to face on doing business in Malaysia Dialogue with key government officials
      319 words
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  • TECHNOLOGY
    • Article, Illustration
      Trading transactions to go on-line this year
      671 3  -  By JEFFREY TSANG PAPER-BASED trading transactions will soon become a thing ot the past when a major computerised system called Trade Net starts eperating by the end of this year. Instead of sending a purchase order via air mail, raising letters of credit
      671 words
    • Article, Illustration
      How to get the most out of the powerful 386 chip
      708 3  -  Ik By JEFFREY TSANG SOUPING UP that clunker of an IBM-PC XT on the executive's desk has been the focus of this Corner for the past few weeks. And for good reason. Three years ago, a powerful computer was
      708 words
    • TECH -TAKES
      • Article
        Lock icon Apple to launch new disk drive
        231 3 Reuter APPLE COMPUTER Inc of the US will introduce a disk drive that has huge storage capacity for its computers and can play music while simultaneously retrieving information. The compact disc, with a read-only memory or CD-ROM drive, uses a laser beam to read
        Reuter  -  231 words
      • Article
        Lock icon New powerful hybrid engine
        164 3 Reuter ISHIKAWAJIMA Harima Heavy Industries Co Ltd (IHI) of Japan will test this month a combustion chamber on a miniature model of the Air Turbo Ramjet Engine. The hydrogen-powered Ramjet Engine, a cross between Turbojet and Ramjet engines, is expected to allow aircraft to fly at
        Reuter  -  164 words
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      156 3 'i m r b^pu'Hi m Jl Visit Taiwan for 45 minutes. Most studies of Taiwan's political and Among them are the political future economic climate will take several months. of the country, the growing current account But now you can enjoy a comprehensive surplus, the enormous foreign exchange and objective
      156 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      144 4 #T€ (jM Qjjj) Don't dpilL the bearw! (7ne's evening entertainment takes on a whole new jollity in the cloistered confines of The Club. Resplendent in spanking new threads, The Club pours balm on the arid throats of early evening cocktailers. And goes on late into the night, appeasing the urge
      144 words
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  • ASIA – PACIFIC
    • Article
      Lock icon Ershad kicks off polls boycotted by opposition
      353 5 UPI PRESIDENT Hussain Mohammad Ershad of Bangladesh yesterday opened general elections that major opposition parties are boycotting as part of their campaign to oust the former military strongman. Mr Ershad cast his vote at a school within Dhaka's central military cantonment, kicking off
      UPI  -  353 words
    • Article
      Lock icon Japan to lend 600b yen to China
      187 5 AP THE JAPANESE government is expected to lend China 600 billion yen to help China develop industrial projects, the mass-cir-culated newspaper Asahi Shimbun reported on Wednesday. Unidentified government sources told the Asahi that Prime Minister Noboru Takeshita will announce the loan when he
      AP  -  187 words
    • Article
      Lock icon High-tech city for Australia
      184 5 AFP A JAPANESE DELEGATION is in Australia to look at proposed sites for the construction of a hightechnology city which would function as an advanced research centre. A spokesman for the Australian Minister of Industry, Technology and Commerce, John Button, said on Wednesday all mainland states
      AFP  -  184 words
    • Article
      Lock icon Korean firms eye bases in Mexico, India and China
      252 5 AFP SOUTH KOREAN electronic companies seeking cheaper labour and a way to avoid mounting protectionism are moving to establish manufacturing bases in Mexico, India and China, the national news agency said on Wednesday. South Korea's largest electronics manufacturer, Samsung, is to
      AFP  -  252 words
    • Article
      Lock icon Seoul cuts foreign debt to US$35b
      84 5 AP SOUTH KOREA repaid US$5lO million to lenders in January, reducing its total foreign debt to U5535.06 billion, the Ministry of Finance said in Seoul yesterday. South Korea plans to cut its external debt to US$3l billion by the end of this year. Thanks
      AP  -  84 words
    • Article
      Close fight expected in Malaysia's Tanjung Puteri by-election
      569 5  -  By DAVID CHEW TOMORROW'S Tanjung Puteri state by-election in Johor, featuring a straight fight between the ruling National Front (NF) coalition and the Parti Sosialis Rakyat Malaysia (PSRM), brings to a climax two weeks of campaigning. The contest has put a spotlight
      569 words
    • Article
      Lock icon Tangshan to become major industrial centre by 2000
      196 5 AFP THE CITY of Tangshan. almost entirely destroyed in 1976 by an earthquake that killed more than 240,000 people, is to be developed into a major industrial centre. according to the China Daily. The Chinese government has approved a blueprint to make
      AFP  -  196 words
    • Article, Illustration
      Lock icon US threatens S Korea with trade curbs
      603 5 Reuter US TRADE Representative Clayton Yeutter says that if South Korea and other Asian nations do not end what he calls unfair trading practices, they would face retaliation and curbs on their exports. "Countries that have benefited from the relatively open markets of
      Reuter  -  603 words
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      7 5 Oviriiii ofUcss for broking firms, Pago 20
      7 words
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      Page 5 Advertisements Column 2
      327 5 Corporate Electronic Banking. Hexagon Worldwide, 24-hour financial control. < > < > Jv. ■'< i. >:r JR £> W%t *5 y" |yn ?«2£ < mm I Hie »V* i* y ,r* ■< ,rf. <? -j" r 'X k. »K.: mammm irnmmmm i. v.f Welcome to V; IB M Hexagon Corporate
      327 words
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon Nato reiterates need for nuclear weapons
      451 6 Soviet presence in Europe challenges security, say leaders FT THE SIXTEEN Nato heads of state and government have strongly underlined the continued need for nuclear weapons to enable the alliance to deter aggression. In a detailed statement setting out Nato's position on conventional arms
      FT  -  451 words
    • Article
      Lock icon Sweden sets timetable for closure of 12 nuclear reactors
      243 6 Reuter THE SWEDISH government proposed a timetable on Wednesday for the closure of the country's 12 nuclear reactors, taking the first tentative step towards a non-nuclear future. Energy Minister Birgitta Dahl told a news conference in Stockholm attended by other senior
      Reuter  -  243 words
    • Article
      Lock icon Moscow trip for 500 Americans put off
      195 6 Reuter A VISIT to Moscow by about 500 US corporate leaders that was abruptly put off because of a change in Soviet leader Mikhail Gorbachev's plans will probably be rescheduled quickly, the Commerce Department said in Washington on Wednesday. Spokesman Malcolm Barr said
      Reuter  -  195 words
    • Article, Illustration
      Lock icon Chinese foreign minister begins visit to US
      357 6 AFP CHINESE Foreign Minister Wu Xueqian arrived on Wednesday in Los Angeles to begin a weeklong visit to the United States which will include meetings with President Ronald Reagan and key officials to ease bilateral tensions. Mr Wu began his tour in Los
      AFP  -  357 words
    • Article
      Lock icon US House votes for landmark civil rights bill
      240 6 AFP THE US House of Representatives overwhelmingly passed a key civil rights bill on Wednesday broadening protection for women, minorities, the elderly and the handicapped. President Ronald Reagan had pledged to veto the Civil Rights Restoration Act. but both houses of Congress
      AFP  -  240 words
    • Article
      Lock icon US$300m Chilean highway inaugurated
      116 6 AFP CHILEAN President Augusto Pinochet on Wednesday inaugurated one of the most ambitious projects of his military government: a highway to connect the southernmost portion of the continent to the rest of the country. General Pinochet cut the ribbon to the US$3OO-million Chilean Southern Highway, which
      AFP  -  116 words
    • Article
      Lock icon US steps up economic pressure on Noriega
      561 6 Reuter THE UNITED STATES has stepped up pressure on Panamanian strongman Manuel Antonio Noriega by agreeing to withhold payments for Panama Canal operations and backing other steps to create a financial crisis in the country. At the request of Eric Arturo Delvalle, who
      Reuter  -  561 words
    • Article
      Lock icon Use military force abroad to curb drugs, Washington urged
      268 6 AP THE UNITED STATES should consider using unilateral military force abroad to prevent the growth and manufacture of illegal drugs destined for America, Education Secretary William J Bennett said in Washington on Wednesday. "As the greatest military and economic power in
      AP  -  268 words
    • Article
      Lock icon Aspirin makers bring quick relief to FDA
      374 6 Reuter TEN MAJOR US aspirin manufacturers agreed voluntarily to drop advertising claims that taking aspirin regularly reduces the risk of a first heart attack in the general population. News of the voluntary restraint programme was disclosed by Food and Drug Administration (FDA) chief
      Reuter  -  374 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      976 6 ARRIVALS Operator Sorvfc* local From number Hm* SU SQI1 0115 LAX/NRT UA UA805 0120 SFO/HKG JAL JL615 0305 TYO MAS MH601 0730 KUL SU SQ911 0800 LHR/DX8 MAS MH681 0820 KUL SU SQ43 0820 DHA KAL KE697 0905 SEL/MNL MAS MH811 0910 PEN MAS MH671 0920 KUL
      976 words
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      Page 6 Advertisements Column 1
      36 6 it jit* r* -niiM We're open (HI 2 a m There is NO COVE* CHARGE. MATTY HOC* p.BI (JO p.m. Drinks v» Trtce. 6U39 2 400 Orchard Rood #0 2/ Orchard Tburrs Sngapure 0923 7W *****34
      36 words
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      Page 6 Advertisements Column 2
      52 6 I I I I The business person's choice every I I II \I I II II I Tuesdoy. Thursday, Saturday and Sunday. I I I I ml Leaving Chongi Airport at 22:05 1 JL hours and arriving Heathrow early the Tiornmg. Cal[ your Travel Agent or Air Canada at *****55
      52 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      130 6 W) m (°C) 24/19 Cloudy 05-04 Ctoudy 12/07 CWar 23/16 Rain 35/26 Fair 28/21 Cloudy 02/-7 Cloor 20/14 Cloudy 09-01 Claar 02-03 Snow 18/11 Claar 06-05 Cloudy 26/21 Showors 05-05 Claar 27/20 Cloudy 27/18 Cloudy 02-05 Cloudy 32/14 Fin* 27/17 Cloudy 11-01 Cloudy -1/-4 Cloudy 33/29 Fin* 07-01 Cloudy 03-01
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      18 6 Doonesbury SO HOUt'P UJS MAKS OUT, 6ROUP* ANY CONSENSUS CANPIPOTB? yss.Burrr MM&ftEASY! BY GARRY TRUDEAU UNDON LAROUCHB. M'VBGOT!
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      199 7 Orchard Road Only one first class hotel is right in the middle. The Crown Prince Hotel. Completely surrounded by the vivid colour and constant excitement of Orchard Road. It is indeed the 'crown in the jewel'. All around, in every direction, there are stores and shopping centres, banks, business houses,
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  • COMMODITIES
    • Article
      Lock icon Black gold prices sink
      500 8 UPI AS OIL PRICES continued to unravel yesterday on world markets amid jitters over the Opec pricing policy, Britain's North Sea Brent crude sank below the US$l4-a-barrel mark. Donald Morton, vice-presi-dent of Prudential-Bache Energy Futures Inc in Boston, said Japan's decision to impose a US$l.5O-a-barrel tariff
      UPI  -  500 words
    • Article
      Lock icon Taiwan expects lower coal and oil imports this year
      260 8 Reuter TAIWAN will slow down energy imports in 1988 after record purchases of coal and near-record oil imports last year, a government spokesman said on Wednesday in Taipei. Coal imports in 1987 jumped about 31 per cent to a record 14
      Reuter  -  260 words
    • Article
      Lock icon Tea gardens paralysed
      73 8 Reuter A STRIKE due to last 40 days by Gurkhas fighting for a homeland has paralysed 35 of 75 tea gardens in Oarjeeling and threatens the production of first flush Darjeeling teas, a Darjeeling Planters' Association (DPA) source said on Wednesday. The strike started on February 10
      Reuter  -  73 words
    • Article
      Lock icon Precious Metals
      323 8 Reuter HONGKONG: Gold closed lower yesterday after a firm outset, while trading was slow most of the day. Sentiment was affected by the US Trade Representative Clayton Yeutter's statement that the dollar is appropriately valued at present levels. Bullion settled at U*****.80/430.20 an ounce against an initial 431.20/70
      Reuter  -  323 words
    • Article
      Lock icon KL Tin
      94 8 Reuter THE Kuala Lumpur tin market price fall tlx cants yesterday from Wedneeday's doaa to M 517.44 a kg. ravaratng tha racant upward traod. Oparators ganarally turnad cautious at tha high levels and kept to tha sidelines. Starling's waaknass against ths rlngglt diacouragad buyer* who had alraady bought
      Reuter  -  94 words
    • Article
      Lock icon Palm Oil
      442 8 Bernama ES Crude palm oil futures closed higher in moderately active trading on the KLCE yesterday. Dealers said the market recovered on India's purchase of another parcel of refined, bleached and deodorised (RBD) palm olein on Wednesday which brings the total purchase to three lots this week. India
      Bernama ES  -  442 words
    • Article
      Oil and Products
      69 8 MOST product markets continued to show weak tendencies. However players were confused about the near-term direction as crude oil prices began to rally once again. US>/>■»»! Ob»j< DUx* lApHfl WM Turn I3A3 •0.12 WTt (ApriO ISvM wndi Products (FOB S'pore) UM/borrrt Oiano* >— Com* 21.25 19.43 -0.20
      69 words
    • Article
      Lock icon Soybean
      243 8 Reuter SOYBEAN futures extended losses on the Chicago Board of Trade at Wednesday's close from off 5-3/4 to 4-1/4 cents a bushel May settled five cents lower at U556.36-1/2, slightly off the day's low of U556.36. Traders said professional. local and commercial selling depressed prices which began the session
      Reuter  -  243 words
    • Article
      London Markets
      312 8 London Commodity Exchange •vyar/Mter dotir >g pricot on Mord* 2 (£/tonrw union tpoclfiod). Prwviota doting pi iioM in pominili Con— ftotta ln-(tor« London, wlttn option OF London Mor 1178/1182 0182/1185) High/Low 1195/1175 May 1213/1214 (1217/1218) High/Low 1229/1205 daws (5095) Cocoa Mor 948/971 (975/978) High/Low 985/968 May 989/990 (1001/1002)
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    • Article
      Rubber
      219 8 SINGAPORE The rubber market yesterday closed easier with April 1 RSS buyers quoted at 219.25 cents/kilo, down 2.25 cents from Wednesday's close. Prices opened steady at overnight levels but eased slightly towards the quiet morning close. Prices continued to drift lower in the afternoon. MALAYSIA Bouts of profit-taking and
      219 words
    • Article
      RAS and MRELB
      206 8 RAS prices t« •wtoftQ. FOB ta bait NOON CLOSE kN 1 ISS f'omp» WfWl 223.00 224.00N wfin 221.00 222.00N Inf 1 VSS Apr M 221-50 222.00 219.25 219.75 Inr 1 8SS Moy M 222-50 223.00 220-50 221.00 tnt 2 »S5 Of 219.00 *****N 217.00 21HOON M 3
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    • Article
      SSR and SMR
      80 8 (oaMi/kg) APRIL 1988 MAY 1988 (currant month) (forwor d month) RAS NOON NOON tuyw* StNtri Bwrw* S*8an SSC 30 216.00 318.00N 216.00 218.OON SSt 50 314.50 216-50N 2100 216 JON MRELB kiwi g -M Ivytn SaBan SMt CV 292.50 394J0N 29X50 295 JON SMC I 39X00 295.00N
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    • Article
      Lock icon Wheat
      224 8 Reuter WHEAT futures closed on or near session lows on the Chicago Board of Trade on Wednesday from off 4-1/2 to three cents a bushel. May finished 4-1/4 cents lower at US$3.l41/4. Traders said professional and commission house selling pressured prices for most of the session. Sentiment remained weak
      Reuter  -  224 words
    • Article
      Produce Prices
      234 8 Chinese Produce Exchange S#H#n' noon doiioQ pdoti on Mon* 3 (SS/100 kg) Coconut oil Ml FOB 100.00 Otd drum FOB 118.00 M»w drum FOB 122.00 Copra Mixed |Ioom) 61 Pepper Muntok whit* FOB NIW 1100.00 Sarawak «MM FOB foq NIW 1065.00 Sarawak ipodal btack FOB NIW 605.00 Sarawak
      234 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      875 8 WE ARE BACK! The COMPUTRAC Technical Analysis Group (TAG) is back in Singapore with a 2-day Technical Analysis Seminar at: THE ORIENTAL HOTEL on 11th 12th APRIL 1988 COMPUTRAC TAG as a user group acts as a catalyst to bring you the tools resources to both mechanically master the markets
      875 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      605 9 PRESIDENTS MESSAGE To our friends and customers. We, the Staff and Management of Heung-A Shipping Co Ltd, would like to express our heartfelt thanks for your warm support and encouragement throughout the 10 years of our Korea/Straits/Korea Liner Service. On the 10th anniversary of our Service, we also hereby promise
      605 words
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  • PERSPECTIVE
    • Article
      Opportunities lie overseas
      520 10 IT LOOKS CERTAIN that incentives to encourage Singapore companies to expand overseas are forthcoming, with the Finance Minister expected to outline the broad policy, if not the actual details, in his Budget speech today. A package of incentives will be a much-needed nudge to get local companies
      520 words
    • Article, Illustration
      Cigarette dealers gloomy, liquor dealers more bubbly
      664 10 CIGARETTE LIQUOR TRADES What does the business community want to hear when Finance Minister Dr Richard Hu makes his Budget proposals in Parliament this afternoon? BT reporters spoke to a cross-section of people in business over the last fortnight and asked them for
      664 words
    • Article
      Employers and labour unions share the same wish
      364 10 LABOUR EMPLOYERS and labour unions hope the Budget will not contain proposals that will raise costs. But their hopes stem from different reasons. Unions are concerned that higher costs would deprive workers of a decent wage increase. Employers are more worried that
      364 words
    • Article
      A bag of goodies for the tourist
      342 10 TOURIST TRADE THE TOURISM SECTOR, comprising hotels, travel agencies and retailers, has a big bag of wishes for the Budget this year. Nearly all of them are familiar. They boil down to maintaining the current cost of doing business no increases in Central
      342 words
    • Article
      Tax incentives likely for Simex and insurers
      371 10 BANKING FINANCE TAX INCENTIVES for the banking and financial sector, if any, are likely to be those which will sharpen Singapore's competitive edge as a centre for investment and risk management activities. The main beneficiaries this year could be the Singapore International Monetary
      371 words
    • Article
      CPF contributions and tax concessions take priority
      306 10 STOCKBROKING WHILE many in the securities business are a bit sceptical that there will be specific provisions made for the industry in the Budget, there are some pet issues that they feel should be dealt with. One such issue is the rate of
      306 words
    • Article, Illustration
      'Taxes must go down to stay competitive'
      378 10 PROPERTY CONSTRUCTION IF SINGAPORE is to remain competitive as a business centre, then it must cut its corporate tax of 33 per cent further, because Hongkong has just announced a reduction in its corporate tax rate, said contractor Jimmy Koh. Even before Wednesday's
      378 words
    • Article
      Privatisation of port facilities suggested
      327 10 SHIPPING SHIP OPERATION is highly dependent on labour, so shipping companies hope that their CPF contributions will not go up too high too quickly. A financial controller with a ship-owning company said an additional 5 per cent for employers "can be taken in their stride"
      327 words
    • Article
      A share of others' benefits wanted
      175 10 AIR TRANSPORT THE air transport industry just wants a share in what many others are already enjoying the Export of Services Incentive Scheme. This incentive, announced in the 1987 Budget and effective from Year of Assessment 1988, is currently extended to manufacturing activities as
      175 words
    • Article
      The status quo is fine
      172 10 MOTOR CARS LIKE cigarette and liquor traders, motor-car traders expect to be hit every now and then by the Budget. A surge in sales of new cars in recent months and a speech last Saturday by National Development Minister S Dhanabalan have added to their
      172 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      662 10 CRYPTIC PUZZLE ACROSS 1 4 Look for unusual arches (6) 7 Neither soft currency nor easy money (4, 4) 8 Intermediary with the news, perhaps (6) 10 As let out. it's the smallest (5) 13 Some civic rewards for sailors (4) 14 One of a number to get plastered (4)
      662 words
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  • FOCUS
    • Article, Illustration
      How the deal was sealed
      1560 11  -  Reputed 'deal maker' pulls off largest real estate transaction in Australia From FLORENCE CHONG HAVING HEARD on the grapevine that the largest hotel chain in the Southern Hemisphere might be on the market, Hong-kong-based businessman Adriaan Zecha flew to London last year to meet its
      1,560 words
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      Page 11 Advertisements Column 1
      163 11 THE SINGAPORE BUDGET 1988 The Minister for Finance, Dr Richard Hu, is expected to present his Budget Statement to Parliament this afternoon. What the Minister has to say will affect Singapore's Economy in the coming year and it will also affect every manufacturer, businessman and trader doing business in Singapore.
      163 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1321 11 BnStcWlßankDictegae 1 MUSBrMD IS R DlߣCTof? OF 1 (Do you hr\ T j^e.. cx&sTeß-Pej^R.y orornisp»-n 0fs f Isrlts PrsiD ue HAVe JUST LeRRNED THC. I RUDITORS RR6. IN. J9 w sm aaiDK) IB 12 PM Opening and Programme Highlights followed by Italian Football. Test Pilot Finals. No Place Like Home.
      1,321 words
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      Page 12 Advertisements Column 1
      81 12 mnaj, rriaay, roarcn 4, lStto YOU MIGHT HAVE THE MONEY; BUT THE QUESTION IS, DO WE HAVE THE CART Wm« TH£« ape 5800 Hou»moios In S.ngapo« Wuh An Aveaag* Wo«-m Of Ovt* One fW Tm«e Muon Douahs T«« a« Unkwiunatkt oN t r Tin BMW 750*. To TntM You A*t
      81 words
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      Page 13 Advertisements Column 1
      269 13 b*-.. > k jMdLM ***> 9f* i. ,v tj S~, >; r (HI $n ;y >; i>« 4 t,v s >!■:. V. ;•> v" '«V. >. ;K r, :.X <X-.'v ii :i' N '1)7 .'V V. i V* -IJ r .< i jfi ,v' <;■ ■> '"r *v >* 'S:%
      269 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Japanese player upsets Soviet seed
      150 14 AFP JAPAN'S Etsuko Inoue notched up a major surprise and reached the third round of the US$2OO,OOO women's tennis tournament in San Antonio, Texas, on Wednesday when she defeated eighthseeded Soviet player Larisa Savchenko in three sets. Apart from a lapse in the second set,
      AFP  -  150 words
    • Article
      Lock icon Potter totters under Paradis's onslaught
      125 14 Reuter UNSEEDED Pascale Paradis of France stunned defending American champion Barbara Potter 1-6, 6-4, 6-3 on Wednesday in the second round of the US$lOO,OOO Kansas women's tennis tournament in Wichita. For Paradis. the world's No. 82, it was her second victory over a big name
      Reuter  -  125 words
    • Article, Illustration
      Lock icon Fitzgerald continues giant-killing streak
      164 14 AFP JOHN FITZGERALD of Australia, fresh from reaching the final of the US Indoor Championships in Philadelphia last weekend and defeating world No. 1 Ivan Lendl to get there, was back to his "giant-killing" again on Wednesday. The 27-year-old Australian led an onslaught which left four
      AFP  -  164 words
    • Article, Illustration
      Lock icon Hendry struggles to win
      398 15 AFP STEPHEN HENDRY struggled to a 5-3 win over Tony Jones in the fifth round of the £300.000 British Open Snooker Championships in Derby, England, on Wednesday then blamed over-confidence for his lacklustre performance. The 19-year-old Scot, so devastating when beating Terry Griffiths 5-1 in the
      AFP  -  398 words
    • Article
      Lock icon New Jersey hands Boston a beating
      284 15 AP ROY HINSON scored 11 of his 21 points in the third quarter and the New Jersey Nets improved its road record to 2-25 with a 117-107 victory over Boston on Wednesday, the Celtics' first regular-season loss at home to an Eastern Conference team
      AP  -  284 words
    • Article
      Lock icon Khans look set to clash in Madrid
      158 15 Reuter JANSHER KHAN and Jahangir Khan, the world's top two squash players, flexed their muscles on Wednesday at the start of the Spanish Open, the event that is likely to see their first clash since the 1987 world championship. Jansher, 18, who toppled
      Reuter  -  158 words
    • Article, Illustration
      Lock icon Storm winds blowing over America's Cup
      701 15 NYT THE TIME was June 1987. Andrew Johns, an eager young lawyer working for Michael Fay of New Zealand, was looking for answers from the San Diego Yacht Club. What were the conditions going to be for the next America's Cup match? His boss
      NYT  -  701 words
    • Article, Illustration
      Lock icon Jones hungry for Seoul gold
      413 15 AFP STEVE JONES, Britain's top marathon man, has revealed that he was on the verge of quitting athletics last year after injury wrecked his world championship plans. But the 32-year-old Welshman, the second fastest marathon runner of all time thanks to his 2hrs Bmins ssecs
      AFP  -  413 words
    • Article
      Lock icon 'Passports of convenience' criticised
      301 15 Reuter NEW ZEALAND has called for a halt to athletes like South Afri-can-born runner Zola Budd travelling on "passports of convenience". Associate Foreign Affairs Minister Fran Wilde on Wednesday reiterated her government's opposition to Budd competing for Britain in the 1990 Commonwealth Games in Auckland. Budd
      Reuter  -  301 words
    • Article, Illustration
      Lock icon McGuigan and former manager settle differences in court
      320 15 AP ONE OF BOXING'S most publicised partnerships in recent years ended in bitter recrimination on Wednesday when Barry McGuigan, former world featherweight champion, officially severed his links with his former manager, Barney Eastwood. After a two-day hearing in the Northern Ireland High
      AP  -  320 words
    • Article, Illustration
      When swinging is good for your health
      608 15  -  MO MOURE? BOSIHBBS with Mike Cashmore RACKET SPORTS can be played at high intensity, but do they qualify as good fitness activities? That, of course, depends on how you define fitness. If your definition includes improved agility, quickness and flexibility, then the answer
      608 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      867 14 4 CQURyoiSIER XO ~Where to eat, drink... SATISFYINGLY HYATT Discover Hong Kong at Ruyi. our new Cantonese restaurant on the mezzanine level. Our Hong Kong chefs will delight your palate with lunchtime dian xian, and a la carte dinner specialities. Lunch: 11.30 am to 2.30 pm Dinner: 6.30 pm to
      867 words
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      Page 14 Advertisements Column 2
      188 14 cr Viking immion! A buffet to satisfy even the most ravenous Viking warriors! The smorgasbord spread tempts with Matjis herring, smoked salmon, liver pate, gravlax, Pitt I Panna and other exotic sounding delicacies. Plus 20 desserts to follow! Over 60 Scandinavian delights to sample. Adult $31* Child $15* Akvavit and
      188 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      425 15 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. W For between $26 and $40 you can select from our appetiser UKILL buffet including seafcxxl, smoked salmon and oysters. Choose from many lavish main courses. And
      425 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      1734 16 Reuter SINGAPORE: THE US DOLLAR closed little changed yesterday against major European currencies but slightly lower against the yen in thin, featureless trading. Dealers said the dollar began slightly lower because of light profit-taking after its rise in New York overnight on a Japanese news agency report that
      Reuter  -  1,734 words
    • Article
      Asian $ market
      302 16 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at around opening levels. after a day of quiet trading. Most operators were largely sidelined awaiting today's release of US February employment data. Short-dates were steady to a shade lower initially and remained unchanged in subsequent trading. Overnight, weekend and week-fixed
      302 words
    • Article, Illustration
      World interest rates
      190 16 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on March 3 us$ DM SWFC 7 do< n 6 11/16 9/16 9 8 7/8 3 7/16 5/16 1 3/8 1/8 4 1/16 3 15/16 1 mi* 1 6
      190 words
    • Article
      Money markets
      63 16 THE OVERNIGHT rate on the Singapore interbank market rose 2 points to end at 3V4 per cent yesterday. One and three months was unchanged, while two months fell 1/16 SS Interbank rates at 12 day: noon OverOfff* MD night 1 -month 2-month 3-month 3 1/2 3 3 3
      63 words
    • Article
      Government securities market
      86 16 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****F 2.6.88 2.92 2.87 2.90 2.90 6 morrttw BY*****S 30.6.88 2.94 2.89 2.93 2.89 1 year BY*****T 24.11.88 3.03 2.98 3.01 2.85 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      86 words
    • Article
      Simex
      463 16 AFTER OPENING slightly higher than the previous close at 93.06 in the June Eurodollar, there was not much trading interest in the pit in Simex yesterday in view of the neutral tone in the market. Narrow trading range of 93.06 to 93.08 remained intact. The June contract ended at
      463 words
    • Article
      Lock icon IMM
      252 16 Reuter IMM foreign currency futures ended mostly lower and near the bottom of session ranges in slow trading on Wednesday. Selling re-emerged at the close after prices failed to follow through on earlier attempts at recovery, traders said. The market came under pressure at the opening bell after a
      Reuter  -  252 words
    • Article
      Options
      1620 16 CURRENCY FUTURES OPTIONS Thursday, Mordt 3 19SS DCUTSCHCMAKK (8MCX) I HM Mar 88 eMi Lav Satt Mar 88 pu* 54 Saa CAB 33 CAB 36 CAB 37 205A 203 CAS 3* 105A 103 2 1A 1 39 I9A IS IS 16 16 60 1 1 1 978 101 *1
      1,620 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Seoul probing foreign banks' currency options
      437 17 AFP THE SOUTH KOREAN government has begun investigating foreign banks' alleged use of 'irregular' currency options being offered as unauthorised loans to local companies, according to officials in Seoul. The Bank of Korea (BOK) Office of Supervision and Examination began the investigation to ascertain
      AFP  -  437 words
    • Article
      Lock icon Credit cards to make debut in Soviet Union
      223 17 AFP WESTERN-STYLE plastic credit cards are to be introduced in the Soviet Union this year under an agreement with Visa, the weekly Moscow News reported on Wednesday. The weekly said that the "smart cards" containing computerised personal information about the bearer would
      AFP  -  223 words
    • Article
      Lock icon Four US insurance firms to get Taiwan offices
      221 17 AFP TAIWAN is expected this week to approve applications by four US insurance companies to set up branch offices in the country, a Finance Ministry official said in Taipei on Wednesday. The official said Taiwan had made a commitment to allow the
      AFP  -  221 words
    • Article, Illustration
      Lock icon Volcker to split time between Wall Street and academia
      767 17 NYT PAUL VOLCKER, the former Federal Reserve chairman, on Wednesday announced that he would split his time between Wall Street and academia. Mr Volcker, whose international prominence and connections are worth millions to Wall Street, said he would join the tiny,
      NYT  -  767 words
    • Article
      Lock icon Ecuador freezes exchange rates to halt slide against dollar
      148 17 AFP THE ECUADORAN government has set new, fixed exchange rates for the national currency, the sucre, in a bid to halt the money's sharp slide against the US dollar, Ecuadoran Monetary Board president Rodrigo Espinosa announced in Quito on Wednesday. The
      AFP  -  148 words
    • Article
      Lock icon Commercial Union's profit rises 43pc
      192 17 Reuter COMMERCIAL UNION Assurance Co PLC's pre-tax profit rose 43 per cent to £170.1 million last year on higher premiums for non-life insurance and strong business in the UK market. "We now write 70 per cent of our business in the UK and in Continental
      Reuter  -  192 words
    • Article
      Lock icon IDB seeks to strengthen cooperation
      338 17 Opecna A NEW ORIENTATION of policies and strategies to strengthen cooperation among member states was high on the agenda when the board of governors of the Islamic Development Bank (IDB) met in Tunis on Monday. The board's 12th meeting, attended by finance ministers from the
      Opecna  -  338 words
    • Article, Illustration
      Nordfinanz sets up representative office
      469 17  -  Zurich bank providing investment advice By ALVIN TAY NORDFINANZ Bank Zurich yesterday opened a representative office in Singapore, principally to provide its clients in this region with advice on investment opportunities in Europe and elsewhere. According to Dr Edwin Wydler, a director and member of
      469 words
    • Article
      Lock icon Australian foreign debt hits all-time high
      414 17 Reuter AUSTRALIA'S gross foreign debt rose to a record A 5111.57 billion in the fourth quarter of 1967 from A 5108.34 billion in the third quarter and A 5100.70 billion a year earlier, the Statistics Bureau said. Net foreign debt also reached a new
      Reuter  -  414 words
    • Article
      Lock icon New Japanese venture capital fund on offer to Asean entrepreneurs
      340 17 MBT MALAYSIAN entrepreneurs should enjoy new financing opportunities created by the establishment of a venture capital fund by more than 40 Japanese financial institutions last month. This fund, worth seven billion yen, is to be called the JAIC Number One
      MBT  -  340 words
    • Article
      Lock icon New Zealand's foreign debt rises to NZ$33b
      165 17 Reuter NEW ZEALAND'S total foreign debt rose to NZ533.06 billion in the quarter ended Dec 30, 1967 from NZ$3l.OO billion in the September quarter, and NZ533.87 billion in the December 1986 quarter. The Statistics Department said in a statement yesterday that government corporations'
      Reuter  -  165 words
    • Article
      Lock icon Swiss Bank Corp reports lower profits for last year
      428 17 Reuter SWISS BANK Corporation has become the third of Switzerland's three major banks to report lower profits last year because of the global stock market crash and a weaker dollar. It announced on Wednesday that 1967 net profit fell 3.2 per
      Reuter  -  428 words
    • Article
      Lock icon Venezuela applying US$300m swap to cover smelter
      308 17 FT VENEZUELA is to apply the largest single Latin American debt-equity swap on record to cover a major share of the US$624 million to be invested in a new aluminium smelter, according to Celestino Martinez, president of Alcasa, a Venezuelan aluminium producer that
      FT  -  308 words
    • Article
      Lock icon US banks' bid to enter securities business gets a boost
      168 17 UPI US BANKS' EFFORTS to enter the securities business received a boost on Wednesday as the Senate Banking Committee approved a Bill that would gradually repeal a 55-year-old law separating commercial from investment banking. In an 18-2 vote, the committee
      UPI  -  168 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Market surges as investors pick up bargains
      4277 18 SHARE prices on the Singapore stock market strengthened across-the-board on renewed institutional interest and bar-gain-hunting. Dealers said the activity was due to the sudden realisation by investors that the local market has sound underlying fundamentala and should, therefore, not be a laggard. They
      4,277 words
    • Article
      Chief price changes
      264 18 SINGAPORF Rises Indices Man* 2 Mar* 3 G E Ufa 1400 so •T G— 7M.92 •04.92 0 S 1020 40 •T Ot/OS 63 113 S 1 A I0M 30 it cadi -7037 •6941 FAN •00 25 •T 10-day MA -7026 -7014 Mctia Hldgi S t M 5*0
      264 words
    • Article
      Business done on the SES
      3547 18 BID ud ader prices tasted sad burtneas to mad reported to the Stock of Statapore yesterday with the amber at Sham traded shown tat bracket! In lots at 1,000 units natal otherwise perilled. All Time Setttemeat Contracts are quoted after the word "SETT". B4{ Board
      3,547 words
    • Article
      Unit trusts
      226 18 Mo/Kjg#r»* pfievt < G* Km i fl 19 for March 4 TV* Km« ch OH Singapore Unh Trust UOB Management n* Cowrts otj on u«*<"4 a*j on h-d on OM* U«*o»«d» ow >0»5 ywMtragfw* 0J7 041 uiB J>« w 'w 04} 047 MARA-Bumipufi u Ym- 'w 044 on
      226 words
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  • COMPANY NEWS
    • Article
      Lock icon 'See brokers over refunds for forged Pahang shares'
      482 19 Bernama ES THE MALAYSIAN Investors' Association (MIA) has advised owners of forged share certificates of Pahang Investment PLC to see their brokers to get refunds from the sellers. MIA president P H S Lim said many MIA members who were shareholders of
      Bernama ES  -  482 words
    • Article, Illustration
      Glass Hotel to be marketed abroad
      307 19 THE GLASS HOTEL, owned by a subsidiary of beleaguered Town City Properties, will now be marketed internationally with the appointment of property consultants Richard Ellis. The hotel has been on the market since its owner, Bestland Development Pte Ltd, was put under receivership last
      307 words
    • Article
      Robert Ng pays first instalment of HK$750m repayment deal
      284 19 ROBERT NG, the director of listed Sino Land, has paid up the first instalment of a HK$75O million repayment package under a guarantee to the Hongkong Futures Guarantee Corp. Mr Ng, the eldest son of Singapore property magnate Ng Teng Fong,
      284 words
    • Article
      Two more brokers to set up offices abroad
      588 19  -  By CORRINA LIM AFTER WOOING foreign clients through frequent overseas trips, more local brokers have now taken the step to beef up their presence in foreign markets. Hot on the heels of DBS Securities Singapore, which acquired a new securities operation in
      588 words
    • Article
      Lock icon Carrian seen as financial institution in 1981, court told
      494 19 Bernama CARRIAN was such a high flyer way back in 1981 that Bank Bumiputra Malaysia Bhd (BBMB) regarded it as a financial institution for which money-market loans could be extended, the divisional Court of Queens Bench in London was told on
      Bernama  -  494 words
    • Article
      Lock icon Perlis optimistic about results
      349 19 MBT PERLIS PLANTATIONS's earnings base has broadened with the takeover and merger of Federal Flour Mills and Rasa Sayang Beach Hotels. Speaking after the company's 19th annual general meeting on Wednesday, chairman Geh Ik Cheong said the company was now not dependent on sugar as its
      MBT  -  349 words
    • Article
      APPROVED ISSUES
      16 19 Com pony BONUS ISSUE Ajinomoto On»tc*bv» El -dot*: Mor 3 Boob do*« Mor 17
      16 words
    • Article
      PROPOSED ISSUES
      298 19 Company RIGHTS ISSUE A M D B One-for W $0 SO par shore C 1 Holdings 27 million loan stocks in the ratio of $3 loon Stock for every five ordinary shares held Duta Cons One-for on* $1.10 per shore F A C B One-for one $060 per
      298 words
    • Article
      Times House to be front end for newspaper operations
      285 19 TIMES HOUSE in Kim Seng Road will house all the front-end newspaper operations of the Straits Times Press and Singapore News and Publications Ltd when redevelopment of the site is completed by mid-1993. The location will eventually also serve as the
      285 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      303 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TUNNEL TECHNOLOGY PRIVATE LIMITED (IN MEMBER'S VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the members of Tunnel Technology Private Limited convened and held at 180 Pandan Loop, Singapore 0512 on March 1, 1988, :he
      303 words
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      Page 19 Advertisements Column 2
      342 19 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 SOONEST TRADING COMPANY PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 that a Final General Meeting of the Members of the abovenamed company will be
      342 words
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      Page 19 Advertisements Column 3
      314 19 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF MARINE SUCCESS ENTERPRISES (PTE) LIMITED (In Members Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50 the final meeting of the members of the
      314 words
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      Page 19 Advertisements Column 4
      326 19 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF SHING SHEUNG SHING (S) PTE LTD (Incorporated In the Republic of Singapore) (In Liquidation) Members' Voluntary Winding-Up At an Extra-ordinary General Meeting of Members of SHING SHEUNG SHING (S) PTE LTD duly convened and held at
      326 words
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      Page 19 Advertisements Column 5
      317 19 IN THE MATTER OF THE COMPANIES ACT. (CHAPTER 50) AND IN THE MATTER OF GEF LIGHTINGS (S) PTE LTD (Incorporated in the Republic of Singapore) (IN LIQUIDATION) MEMBERS VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of GEF LIGHTINGS (S) PTE LTD duly convened and held at 10
      317 words
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      Page 19 Advertisements Column 6
      265 19 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) Notice of Annual General Meeting To: All Shareholders NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of the shareholders of the Company will be held in the Function Room of The Development Bank of Singapore Ltd, 45th Storey.
      265 words
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  • REGIONAL MARKETS
    • Article
      Lock icon BOC sells its US carbon graphite operations
      380 20 Japanese chemical company one of the two buyers FT BOC GROUP, the UK-based producer of industrial gases, is to sell its US carbon graphite operations to Showa Denko, a Japanese chemical company, and to a consortium led by a BOC director. BOC announced
      FT  -  380 words
    • Article
      Lock icon NZ group buys state's share in oil company
      176 20 Reuter NEW ZEALAND'S largest company on Thursday bought the government's 70 per cent share in an oil and gas explorer and distributor for nearly NZ$BOO million, state-owned Enterprises Minister Richard Prebble announced. Fletcher Challenge will pay NZ$l.75 a share for the government's
      Reuter  -  176 words
    • Article
      Lock icon Japanese broking houses queried over manipulation
      155 20 AFP JAPANESE Finance Ministry officials on Wednesday searched eight securities houses on suspicion of manipulating share prices of Koito Industries Ltd. The ministry questioned Nikko Securities Co, lead manager for the shares, and the seven other brokerage firms on suspicion of artificially driving up
      AFP  -  155 words
    • Article
      Lock icon Honda to hold talks with BAe
      330 20 FT HONDA, the Japanese motor group whose collaboration with Rover Group has been a major factor in the British company's improved performance, expects to start talks soon with British Aerospace (BAe) on the companies' future relationship. Mr Osamu lida, Honda's main board director responsible
      FT  -  330 words
    • Article
      Lock icon Nikko to set up Thailand Growth Fund
      186 20 AFP NIKKO SECURITIES Co plans to set up a US$5O- international trust fund to invest in Thailand's stock market as part ot the proposed recycling of Japan's trade surplus. The Thailand Growth Fund will be established in May and invest in stocks of
      AFP  -  186 words
    • Article
      Prices up marginally
      1371 20 Hongkong SHARE PRICES on the Hongkong market closed marginally higher yesterday after a late surge of institutional demand overcame an early round of profit-taking. The Hang Seng Index rose 6.35 points to 2,466.46 and the broaderbaaed Hong Kong Index gained 1.89 to 1,614.40. Turnover slid to HK5865.3
      1,371 words
    • Article
      Seoul
      132 20 MAM worn Choil Sugar DMtlm ind Daewoo Corp □••woo Hnvv Darahin Socurtttoa Doog Ah Phor Dong Soh Slock Oongbu Stool ***** ***** ***** ***** ***** ***** 100 undi 100 100 500 200 uncti 900 Goto Star Hanil Bonk ***** ***** 480 MarWI Comont ***** •too Mankuk 04om Hanyang Chomtcot
      132 words
    • Article
      KL shares continue to gain support
      3008 20 SHARE prices covered furthere ground on continued buyng support at the Kuala Lumpur stock market yesterday. Interest, however, switched from lower liners on Wednesday to bluechips and quality stocks yesterday. Lower liners still dominated the active list and posted marginal gains. Scattered double-digit gains
      3,008 words
    • Article
      Lock icon Korean brokers go abroad
      116 20 Reuter SOUTH KOREAN securities companies plan to open more overseas offices this year in an effort to gain expertise before South Korea opens its capital market, company officials said in Seoul on Wednesday. Daewoo Securities Co Ltd, Ssangyong Securities and Investment Co Ltd and Lucky Securities
      Reuter  -  116 words
    • Article
      Lock icon Tokyo
      489 20 Reuter PRICES on the Tokyo •lock market cloeed down in heavy trading yeeterday following profit-taking in large capitalisation issues which have gained steadily in recent seesions. Remarks by Bank of Japan sources that local stock price riees this week have been slightly overdone may have apurred the selling, which
      Reuter  -  489 words
    • Article
      Lock icon Sydney
      447 20 Reuter THE AUSTRALIAN share market closed higher yesterday, but just off ths day's psak, with gains spread acroes most sectors. At the cloee of trade the All Ordinaries Index was 7.6 points higher at 1.283 and the All Industrials Index gained 10 points to 2.108.2. The All Resources Index
      Reuter  -  447 words
    • Article
      Lock icon Bangkok
      144 20 Reuter THE SECURITIES Exchange of Thailand Index roee 2.63 points to 376.15 yesterday on a turnover of 13,218,228 shares valued at 773.78 million baht. MAN BANT Ao Kham Thai 208 -2 H 402 uncti Bangkok Agro-tnd ...•7 3 Bank Of Ayudhya Charoong Thai Wl JW 362 ra 4 4
      Reuter  -  144 words
    • Article
      Taipei
      253 20 man n m t AM Sineafa Indua. 3 00 -0 06 Aaia Camant 73 50 -2 Cathay Con* >0 00 ■2 Chang Hwa Bank 303 00 -6 52 00 -35 Ckla LUift r >m .ni rmtn 57 50 -1.5 Chin Main Flour 21 70 -06 China Cham 36 90
      253 words
    • Article
      Manila
      79 20 MM PflOl Anglo Phil 0 029 00N 0004 uncfc AM* Con BogutoOoM Bwc Potroloum Bonguot Con. B Fir* Pf*t HkJgt Laponto M«rcopp*f 21 SO 0.017 20 0 47 unch uncfi 11 0.2 unch Oriental B 0043 0 001 Phtl OwniM ao4 0 001 PtMlax B 0 X uneti Ptcop
      79 words
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  • WORLD MARKETS
    • Article
      Lock icon Secondary stocks in demand
      988 21 New York Reuter WALL STREET closed higher in active trading on Wednesday. Investors were generous with their cash commitments to secondary stocks, which have been undergoing a takeover surge lately. But they tended to shy away from blue chips amid continued economic uncertainty. The Dow Jones
      Reuter  -  988 words
    • Article
      Lock icon Stocks firm across-the-board
      932 21 London Reuter STOCK PRICES on the London stock market were firmer across a broad front at the opening yesterday as the market extended this week's rally which has seen the FTSE 100 Index break through the psychologically important 1,800 resistance point. One trader said: "I almost can't
      Reuter  -  932 words
    • Article
      Untitled
      1253 21 Selected indices HONGKONG Hongkong ind*x Tbvrvlo* liMO W tdnatdoy lA'2-4' vVm* age 1 5<2 88 Ail Induifriah ThurvJoy ogo NEW YORK H062 2096 2 ***** Hong S«ng Indox T►*»'«*>* 2,46i 48 WtdMtdoy 2.462 O WNI °90 2 J4&86 Do»« Jon*i W»3i»%ua, TuvmSOt Wk» ago ill TOKYO Standard Pooo Nikkei A»*fog«
      1,253 words
    • Article
      Lock icon CIR silent on restructuring reports
      60 21 Reuter COMPAGNIE Industrial! Riunite Spa (CIR), holding company of Italian industrialist Carlo De Benedetti, declined comment on press reports it planned to incorporate its subsidiary Sabaudia Finanziaria Spa. Several Italian newspapers carried reports yesterday saying that the boards of CIR and Sabaudia would meet on
      Reuter  -  60 words
    • Article
      Lock icon UK's electricity sector nearing privatisation
      196 21 UPI THE BRITISH government announced on Wednesday the second stage of its plans to turn UK's electricity business over to private enterprise a sell-off of Scotland's two power boards as a way towards "greater efficiency". The scheme, unveiled to the House of Commons by Scottish
      UPI  -  196 words
    • Article
      Lock icon Campeau revises bid on heels of Macy-Federated merger accord
      500 21 NYT THE BATTLE (or Federated Department Storea Inc heated up again late on Wednesday when Campeau Corp, aeemingly thwarted by RH Macy Co, again reviaed ita bid for the giant retailer. Juet hour* earlier, Macy and Federated had aigned a definitive
      NYT  -  500 words
    • Article
      Lock icon Framatome raises bid for Telemecanique
      281 21 AFP THE FRENCH nuclear company Framatome SA raised its friendly takeover bid for the industrial automation firm Telemecanique Electrique SA by 35 per cent on Wednesday, the French Stockbrokers' Association said in Paris. Framatome is trying to counter a hostile offer by the engineering group
      AFP  -  281 words
    • Article
      Lock icon Consolidated Gold posts £183 million profit
      109 21 UPI MINING GIANT Consolidated Gold Fields has announced profits up 5 per cent for the half-year ending Dec 31. Profits at half-time worked out at £182.7 million compared with £97.5 million for the same period the year before. The figures came after stripping out
      UPI  -  109 words
    • Article
      Lock icon Shearson takes stake in Cerus
      165 21 Reuter SHEARSON LEHMAN Brothers and Swiss bank Compagnie de Banque et d'lnvestissements have each taken 4 per cent stakes in a Belgian holding company controlled by Mr Carlo De Benedetti. De Benedetti's company Cerus said. Th 9 Belgian holding, called Europe 1992. was set up
      Reuter  -  165 words
  • Page 21 Advertisements
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      493 21 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ELSINTECH EQUIPMENT (S) PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of ELSINTECH EQUIPMENT (S) PTE LTD duly convened and held at 10 Collyer Quay #21-01 Ocean
      493 words
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      743 21 NOTICE IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 LOGITEC ELECTRONICS (S) PTE. LTD. MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held on Friday. 26 February. 1988 at 10.00 a.m., at 151 Chin Swee Road #02-28. Manhattan House. Singapore 0316, the following special
      743 words
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      Page 21 Advertisements Column 3
      651 21 1 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND PURSUANT TO SECTION 290 (1) (b) CHRISTOPHER INTERNATIONAL MERCHANDISE SINGAPORE PTE LTD At the Extraordinary General Meeting of members of Christopher International Merchandise Singapore Pte Ltd duly convened and held at A-1070 Vienna. Slebenstergasse 31. Austria on 29th February
      651 words
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  • Article
    Fresh bid to raise taxes on wire rod exports to US
    502 22  -  Officials coming to investigate subsidy charge By CHUANG PECK MING THE US STEEL industry has made a fresh attempt to have the Reagan Administration impose additional taxes on carbon steel wire rod imports from Singapore, after failing to do
    502 words
  • Article, Illustration
    A nostalgic, mental balek kampung
    201 22 A FOND, mental revisit to Tanjong Pagar gives our writer sweet nostalgia, five years after many residents left the area now earmarked for redevelopment. Executive Lifestyle tomorrow shares a taste of kampung life near the city, in the PM's constituency. The writer, a member of
    201 words
  • Article
    Lock icon Reforms urged to sustain Philippine recovery
    175 22 AFP REFORMS are needed to sustain last year's economic recovery in the Philippines which was largely due to external influences, Philippine Chamber of Commerce chairman Aurelio Periquet said in Manila yesterday. Mr Periquet called for further cuts in tariff barriers further, expansion of the
    AFP  -  175 words
  • Article
    Lock icon US official warns Manila that aid might slow down
    128 22 Reuter A SENIOR US aid official says it is "unrealistic" to expect Washington to maintain present levels of aid to President Corazon Aquino's government. Alan Woods, administrator of the US Agency for International Development, said in Manila yesterday that US aid
    Reuter  -  128 words
  • Article
    Lock icon Indonesia's opposition party calls for reforms
    377 22 AFP INDONESIA'S main opposition party yesterday urged the National Assembly to change the country's political regulations, decribing present rules as unfair, discriminatory and open to abuse The Muslim-backed United Development Party (PPP) told the assembly that new rules were needed to accord equal treatment
    AFP  -  377 words
  • Article
    Lock icon Mahathir urges Tanjung Puteri voters to support NF candidate
    359 22 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday reiterated that only the National Front (NF) government could ensure peace and prosperity for everyone in the country. He urged voters in Tanjung Puteri to continue fully supporting the NF for
    Bernama  -  359 words
  • Article
    Lock icon New twist to HK political reform row
    532 22 AFP DEBATE over political reform in Hongkong heated up yesterday when a leading pollster said that at least two-thirds of the British colony's residents would favour direct elections this year. Norman Webb's opinion contradicted earlier findings by the Hongkong government, which has ruled
    AFP  -  532 words
  • Article
    Lock icon UMBC has not given up public listing plan
    118 22 Bernama ES UNITED MALAYAN Banking Corporation (UMBC) is still looking for the possibility of going for a public listing on the Kuala Lumpur Stock Exchange. UMBC president and chief executive Haji Abdul Aziz bin Omar said yesterday "we will be going for
    Bernama ES  -  118 words
  • Article
    Lock icon Malaysian accountants told to be more open
    159 22 Bernama ES ACCOUNTANTS in Malaysia were told yesterday that they must change their "cautious and conservative" attitude as the country moved forward into an ever more competitive environment. A more open attitude would help to identify new opportunities, said Deputy Finance Minister Loke
    Bernama ES  -  159 words
  • Article
    Lock icon China's anti-inflation moves may cause serious credit shortage
    554 22 Reuter CHINA yesterday warned of serious shortages of credit this year as the central bank sharply cuts the amount of money issued in a bid to check mounting inflation. Economists said the monetary system needed a major overhaul as banks which pay
    Reuter  -  554 words
  • Article
    Lock icon Beijing sees no problem in restoring ties with Jakarta
    221 22 AFP CHINA said on Wednesday that it saw "no difficulties" in normalising its ties with Indonesia and renewed a pledge to stay out of the country's internal affairs. The Chinese Foreign Ministry statement followed a request by Indonesian President Suharto on
    AFP  -  221 words
  • Article
    Lock icon Missile damages Jakarta embassy
    65 22 AFP THE INDONESIAN Embassy in Teheran has been damaged by an Iraqi missile. The Suara Pembaruan newspaper quoted Indonesian officials in Jakarta and Teheran as saying that the missile exploded near the embassy on Tuesday, damaging part of the mission. All activities have had to be
    AFP  -  65 words
  • Article
    Lock icon Comex silver
    84 22 Reuter COMEX SILVER FUTURES were supported at unchanged levels by dealers' buying yesterday morning in a market lacking high volume traders. The leading May delivery was at the previous night's close of U556.29 an ounce after being contained within Wednesday's range of U556.34 to U556,225. Analysts said the
    Reuter  -  84 words
  • LATE FILE
    • Article
      Lock icon Greenspan calls for lower deficit
      67 22 Reuter THE CHAIRMAN of the US Federal Reserve Board Alan Greenspan said a further deficit reduction of US$lO billion to US$l5 billion from fiscal 1990-91 targets would be needed to bring interest rates down. He also told the Senate Budget Committee that the newly industrialised
      Reuter  -  67 words
    • Article
      Lock icon G-7 pact is for real
      56 22 Reuter GERMANY'S Finance Minister Gerhard Stoltenberg said renewed efforts towards economic cooperation by the Group of Seven countries were now being taken seriously. He told Parliament this was underscored by the fact that the dollar had risen about 8 per cent against the mark since
      Reuter  -  56 words
    • Article
      Lock icon West German unemployment
      81 22 AFP THE NUMBER of registered jobless in West Germany dropped 2,000 last month over January in non-adjusted figures at 2.516 million against 2.518 million, the Federal Labor Office said yesterday. The unemployment rate stood at 8.8 per cent of the workforce at the end of February. The
      AFP  -  81 words
    • Article
      Lock icon Britain's parties merged
      51 22 UPI THE 110-year-old Liberal Party and the newer Social Democrats merged yesterday to become Britain's third largest political party the Social and Liberal Democrats. The new political party was formally launched at the Queen Elizabeth II Conference Center, under the slogan: 'The new choice the best future*.
      UPI  -  51 words
    • Article
      Lock icon No financial help for BBC
      44 22 AFP THE BRITISH government has declined a request from the British Broadcasting Corporation's External Services for extra finance to set up a worldwide television service. The Foreign Office said that BBC's request for £3.4 million "would not be justified".
      AFP  -  44 words
    • Article
      Lock icon Chinese pilot-less plane
      51 22 Reuter CHINA is developing pilotless military reconnaissance plane, the army newspaper Liberation Army Daily said. A research institute under the Ministry of Electronics Industry had won a contract to develop a sub-system for the plane, with a bid that was 10 million yuan less than the highest.
      Reuter  -  51 words
    • Article
      Lock icon Hearing of Dr M's application
      55 22 Bernama THE HIGH Court in Kuala Lumpur yesterday postponed to March 23 and 24 the hearing of an application by Prime Minister Datuk Seri Dr Mahathir Mohamad for further and better particulars relating to his libel suit against the editor and owner and publisher of
      Bernama  -  55 words
  • Page 22 Advertisements
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      9 22 Clom light expected In Tan|ung Puterl by-election, Page 5
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      Page 22 Advertisements Column 2
      96 22 t)> h'J- "7?7(DWttfi<D 4 I T\ S L/c o ->>£fc« lVt #0 7KtT 0 (Cg#-Sfct»T<£sl'. y K^E y /*-?(**> f- >)- •97 7Cs6sl*lM€lf *K L #><>*-?■ K a— Kj&>6l"<\ £(.»•?<£: T t «n T t ■fo t£frio7.?-J\, w\*XCD¥E LA'«24^ra*«4<7)T' $<C?LTl*jlfcß*£i3S;ri,]i »J)oSlf¥K| R 553,600 0 ->3-• ;u-A£ CjtC&Ufcl* *^*Ti3*lUCi3*LttltT ARDMORE PARK
      96 words
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  • SHIPPING TIMES
    • Article
      Cool to embark on ship replacement scheme
      91 23 SEVEN NEW vessels may be constructed in Japan and West Germany under an ambitious ship replacement scheme planned by Cool Carriers. The Stockholm-based company would charter the newbuildings for two or three years with options. Cool Carriers does not own any of the
      91 words
    • Article
      Upward rate adjustment likely for East Asian trade
      393 23  -  By G DURAIRAJ TIGHT SHIPPING space in the Straits/Japan/Taiwan trade brought about partly by increased trade flow from Malaysia to Japan, is expected to lead to another upward adjustment of freight rates before the middle of the year. It is not known
      393 words
    • Article
      Lock icon Tanjung Berhala base to build M$1.4m godown
      282 23 Bernama THE TANJUNG Berhala Supply Base (TBSB) in Telok Kalong, Kemaman, will build another godown at a cost of about Msl.4 million under its expansion programme to meet rising demand. Its general manager, Haji Mustaffa Mohamad, said construction of the godown with an
      Bernama  -  282 words
    • Article
      Lock icon Panama receives bomb threats as strike continues
      142 23 Reuter PANAMA CANAL got four bomb threats on Wednesday as a strike against military strongman Manuel Antonio Noriega continued elsewhere in Panama. Ships passing through the waterway were not affected. Officials at the Panama Canal Commission said that four buildings were evacuated after
      Reuter  -  142 words
    • PORTSIDES
      • Article
        ASI delivers fishing trawler
        175 23  -  From Kingsley Wood AUSTRALIAN SHIPBUILDING Industries has handed over the largest fishing vessel ever built in West Australia a 57-metre tuna trawler built for the Solomon Islands government. It is the first of a two-ship contract costing As3o million that will help the Solomons to take
        175 words
    • Article
      CONSORTIA
      164 24 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf, Straits ports/Australia. Straits/Japan and the member lines ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      164 words
    • Article
      Lock icon Argentine port workers end strike
      98 24 Reuter ARGENTINE port workers ended an indefinite strike yesterday which they began 17 days ago in support of demands for better wages and benefits, union sources said. They said the Sole Union of Port Administration Workers decided to end the strike to allow a renewal
      Reuter  -  98 words
    • Article
      Lock icon China's modernisation plan helps HK ports to flourish
      692 24 UPI CHINA'S modernisation programme and its increasing overseas trade through the port of Hongkong has helped the British colony's container terminals become the busiest in the world. Hongkong's container port at Kwai Chung, on the mainland shore of teeming Victoria harbour, has
      UPI  -  692 words
    • Article, Illustration
      Lock icon Zeebrugge ferry survivors tormented by guilt
      602 24 Reuter A YEAR AFTER 189 people drowned in the Zeebrugge ferry disaster, survivors are tormented by emptiness, guilt and grief. "As time goes on it does not get better, it gets worse. You can't just switch off from the hurt and the loneliness," said
      Reuter  -  602 words
    • Article
      INDEX TO ADVERTISERS
      1019 24 AB Shpg V 5 ABC Contoinar VM 1 Accord Shpg VI 3 Ahrankiat linar XI 3 Africa Ocaan xi 2 AlHrons VII 3 AC Toopiar XI 5 Aaarican Tpt XI 4/5 Aliro Sarv<a IV 2/3 Arrow Unas n 5 Asion Ocma XI 4 Atlas Imm I s
      1,019 words
    • Article
      Lock icon APC may attract takeover bid from railroad firm
      356 25 Reuter AMERICAN President Companies Ltd s stock gained on speculation it could attract takeover interest from a railroad company, analysts said. "I would view them as a takeover candidate probably coming from the rail sector,'' said Joseph Arsenio of Birr Wilson. The
      Reuter  -  356 words
    • Article
      New limits to owners' liability for pollution
      212 25 FINANCIAL liability limits for shipowners involved in oil pollution claims cases in UK waters have been raised in line with an international agreement. The new limit follows ratification of the International Convention on Civil Liability for Oil Pollution Damage and is now £11.06
      212 words
    • Article
      Lock icon Seattle plans to expand box terminal
      290 25 Seatrade Week IN AN EFFORT to increase container space, the port of Seattle has announced plans to expand its largest container terminal. The Harbour Island terminal is home to Evergreen, Orient Overseas Container Lines, Neptune Orient Line. Matson and Gearbulk Container Services. among others.
      Seatrade Week  -  290 words
    • Article
      CMA includes Kaohsiung call on Europe service
      86 25 COMPAGNIE Maritime d'Affretment (CMA) has included Kaohsiung, Taiwan, as a direct port of call on its Europe-Far East service. Keelung is already served direct on eastbound and westbound sailings, with separate port calls. The first sailing from Kaohsiung was made in late February
      86 words
    • Article
      NZ corporation enjoys net profit of NZ$7m
      321 25  -  From Kingsley Wood THE NEW ZEALAND Shipping Corporation, trading as New Zealand Line (NZL), has reported a group net profit of NZ$7.lB million for the year to last August, a big improvement on the previous NZ$47 million loss. It followed a government injection
      321 words
    • Article
      Lock icon Greek unions win concessions from transport workers' federation
      309 25 Lloyd's List GREEK SEAFARING unions have won special concessions from the International Transport Workers' Federation designed to attract shipowners back to the Greek flag. Greek companies with tonnage registered abroad are to be allowed to sign special agreements with the Pan-Hel-lenic Seamen's
      Lloyd's List  -  309 words
    • Article
      SHIPPING LIST where your ships are due...and when
      7245 30 §®aBG)(!EB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      7,245 words
    • Article
      LONDON FREIGHTS
      1355 31 Freight rates remain fully steady for grain shipments out of the US on Wednesday, with US$26 paid from the Gulf to Japan and $13.75 paid for 84.000 long tons of heavy grain from the Gulf to Ant-werp-Hamburg range, ship brokers said Other grain business out of the US
      1,355 words
    • Article
      SHIPS IN PORT
      1438 31 AT CONVENTIONAL WHARVES MMnr Indoh 12/3 04 034)830 0503,7359 1 VmmI B#rth Arrival Departure Pviov toma Pengadon J3 04 03 0800 04 034)900 05 03,7300 04 03,1800 KEPPEL WHARVES Sewpmno Abe Seoduke Morn 1* w/B B *****)600 a 04 03/1200 05 03,7300 07 03.1500 "MO )Pta«g Ko
      1,438 words
    • Article
      Who acts for whom...
      2022 32 A—B AB Shipping Boustead Shpg Agencies. ABC Containerline NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg fc). Ahrenkiel Liner Kim Shpg (S). C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Express. American President Lines APL p)/Boustead
      2,022 words
    • Article
      Lock icon EC, Japanese officials to meet in shipbuilding talks
      281 34 AFP EUROPEAN Economic Community (EC) and Japanese Transport Ministry officials are to open talks soon on the shipbuilding industry, the EC representative in Japan said. "That proposal has been welcomed enthusiastically by our Japanese counterparts," Andreas van Agt said. A date has
      AFP  -  281 words
    • Article
      Lock icon HKIL fined US$10,000
      53 34 Containerisation International TRANS-PACIFIC operator Hongkong Islands Line has been fined US$lO,OOO by the US Federal Maritime Commission for allegedly demand, collecting or receiving different compensation for transporting goods that the rates specified in service contracts. As part of the same case the commission also fined Lux Chemical
      Containerisation International  -  53 words
    • Article
      SHIPPING EVENTS
      207 34 Feb 28-March 4 Forecasting shipping markets, Cambridge Academy of Transport course, University Arms Hotel, Cambridge. March 8-11 Oceanology International 88, exhibition and conference, the Brighton Metropole, Brighton, East Sussex. March 15 Revision of the standby vessel code, Nautical Institute (North Scottish branch) meeting, 1830 hours, Atholl Hotel, 54
      207 words
  • Page 23 Advertisements
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      855 23 >V' hn TIMES STP Distributors Tim* m *utMan( Croup Si nc**** ,T ,s mc<-^ V*" OOCL ORIENT OVEIQIAS CvUcumt LINE IiOfTH AMERICA ATLANTIC EXPRESS (ROUND THE HORID ROUTING I ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR Vo* LBH CHT 6 Sid Sid 6 Sid SM
      855 words
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      Page 23 Advertisements Column 2
      96 23 CHINA'S modernisation programme and its increasing overseas trade through the port of Hongkong has helped the British colony's container terminals become the busiest in the world. Pag« II AMERICAN President Companies Ltd's stock gained on speculation it could attract takeover interest from a railroad company, analysts said. Pag« 111 EUROPEAN
      96 words
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      Page 23 Advertisements Column 3
      622 23 *°v hi, TIMES STP Distributors T»v—b Pu*h*hsng Group MAERSK LINE FAST TRANSIT TO CHARLESTON 29 DAYS FROM SINGAPORE 34 DATS FROM PORT KELANG 33 DATS FROM PENANG Tfws week Anna M Closing Time CY 9/3 2300 MRS CPS 9/3 1300 HRS ANNA M MM M ROTTEROAM 8804 LAUST M MM
      622 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      527 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING 'KOBE 21/3, TOKYO 24/3 #KOBE 11/4. TOKYO 14/4 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE VOY NO S'POAE P SAIO TRIESTE
      527 words
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      Page 24 Advertisements Column 2
      17 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association
      17 words
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      Page 24 Advertisements Column 3
      456 24 CHARGEURS REUNIS DIRECT SEMI CONTAINERISED SERVICE TO WEST AFRICA S POKE LA REUNION P NOIRE P CENTIL LIBREVILLE DOUALA COTOPKHJ LOME ABIDJAN DAKAR CR 000 ALA 19V. IVJ 24/3 M *4 cu EARNEST VENTURE V 25 31/3 20*4 MAtMmU LUANDA, BANGUI N DJAMENA. NIAMEY OUAGADOUGOU. BONO DKMJLASSO. YAOUNDE. BAMAKO lAWJUL
      456 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      945 25 n The Straits Steamship Group Mansfield Container Shipping Pte Ltd P&O Containers CONTAItCRSHIP SERVICE TO UK/CONTINENT: Also Accepting Corgo For: Hamburg to Copenhagen Aarhus Gothenburg Mai mo. Stockholm Helsinki. Sonderburg Rotterdam to Antwerp. Amsterdam. Oslo. Basic. Zurich Bremenhaven to Bremen Southampton to ail UK destinations. Belfast and Dublin (CONTAINERSHIP SERVICE
      945 words
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      Page 25 Advertisements Column 2
      680 25 CSAV Sud An:cncjn3 Vjpcrcs S A C- •••>" l «.->• TO/FROM FEEDER VESSEL S POKE MOTHER VESSEL HK ARICA IQQ ANTOf VALP Ml CSAV 2 V 3 CAD CARRIER Itft 2W (YOK 2M) CSAV 3 IW B VESSEL W3 M l/S 11/5 13/5 CARGO FOR PUNTA ARENAS TALCAHUANO (SAN VICENTE)
      680 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      435 26 o MSI NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN SHOJAAT IRAN EHSAN Loading for A VESSEL KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: 18/3 JAYA, LAE, HRA. LTK. MALAU MICRONESIA SERVICE SPORE PK LOAD FOR 10/3 12/3 SAIPAN, GUAM, TRUK, PONAPE, EBE, MAJURO SUN UNION
      435 words
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      Page 26 Advertisements Column 2
      900 26 m *J U N» FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ "J Member ol the Ace Consortium 11)1 LY CONIfIINfRISED TO FROM NORTH SMtRICA COAST OAK SLA 3/4 m vi* w w 12/4 BU LA 19/3 31/3 •FD4I/MOTHER VESSEL HKC 53E/KOREAN WON IS JIN 73E HKC S3E/HANJIN KWANGYANG 43E TWB
      900 words
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      Page 26 Advertisements Column 3
      345 26 T/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONG: SAILING 10/3 16/3 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MEULLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA. ALGIER A ISTANBUL U.S.A. NYC ALSO ACCEPTING TO: 5/4 CHICAGO. BOSTON, JAV, PHIL, SAV, 15/4 MIAMI i ALL
      345 words
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      Page 26 Advertisements Column 4
      958 26 m EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP HKG KSG KLC PUS OSK TYO KSN ever gentle m 14 3 I*3 203 233 m 2*3 1W tVIR GENTRY It 3 22 3 24 3 26 3 29/3 31/3 1/4 20LVLR CUIOC 253 21 3 30 3 1,4 4/4
      958 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      883 27 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 r FAR EAST CONTAINER SERVICE f JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE I VESSEL SEA HAWK SEA HAWK SEA DRAGON SEA DRAGON BANGKOK CONTAINER SERVICE SIN SBY SMG SIN SLO SLD INPT 9/3 9/3 10/3 12/3
      883 words
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      Page 27 Advertisements Column 2
      431 27 trjk BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEDONIA FIJI AND SOOTH PACIFIC ISLANDS JEBSEN SOUTHLAND 22S 5/4 1/5 4/5 5/5 8/5 10/5 12/5 ANANGEL LEADER VOY 8S SIN NOUMEA AKL TGA NAP TIM BLUFF 30/4 23/5 27/5 29/5 1/6 3* 5/6 ACCEPTING LAUTOKA. SUVA.
      431 words
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      Page 27 Advertisements Column 3
      554 27 P.T. SMHIBBA MHHIH P.T. naOM LLBTI r EXPRESS SEMI CONTAINEMHIP SERVICES Li. WDM s nrvrz 1 Mm DJAKARTA LLOYD INDONESIAN NATIONAL LINE "EH3i'U4I'IHLI'Li] M RURG/WTEMEN Xfi SPO*E ANTWERP ROAM/ADAM it-w a/s /.i ivi a SINGAPORE TO U.S. EAST AND GuT^ORTS S»«We ttA J«I» ACEMCIXJ JSTiS Malays* W»AI PTI LTD TEL
      554 words
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      Page 27 Advertisements Column 4
      406 27 BOUSTEAD SHIPPING AGENCIES AVA VIM PAGAN VL2SW PA-AN VI22W HTONEYWA V233W 16,19 Mar BURMA FIVE STAMF (Burmese National Lin#)' Loading for Rangoon Spore P.Kelang Penang Bangkok 2J Feb/4 Mar T7TT 5/7 Mar 15/U Mar PAGAN VI2W 2t/2» Mar BANK LINE NORTHBOUND TO UKC SPORE ROAM HULL HMBG TAMAITAI SAMOA VI2N
      406 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1231 28 "K"UnE SHIPPIfIG OPITfI $v flTLftriTlC COAST (Round-The-World Service) ORIENTAL FAITH V 7 ORIENTAL FRIENDSHIP V 7 AMBASSADOR BRIDGE Vl6 •PK/PNG 5 Mar 12 Mar 19 Mar PACIFIC SOUTH-WEST •PK/PNG SP MOTHER VSL NYC HFX 16 Apr 20 Apr 23 Apr 27 Apr 30 Apr 4 May LA/LB OAK CHICAGO NEW
      1,231 words
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      Page 28 Advertisements Column 2
      807 28 a on a s&. INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore P Ketang Perang Loading tor: Mothef Vsl By Feeder By Feeder S O NACALANO VJ»H t Mar Kandla Bombay Cochin THEOOOR FONTANE V ltN 20 Mar 13 Mar 13 Mar Hid Calcutta Madras RAVIOAS V»H 31 Mar 24
      807 words
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      Page 28 Advertisements Column 3
      674 28 GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD a, T«M Ayw StrMt SINGAPORE 0104 TEL U43MO (10 LINES) Fu: ***** STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN CotwnDo Karadii Dubai GOLDEN LAND Cotombo Karachi Dub* CHINA SERVICE A VESSEL Shanghai Hs.nkang MINFU Hjangpu Shanghai S port P Kelang Penang 11/12 Mar 2S/2S Mar
      674 words
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      Page 28 Advertisements Column 4
      536 28 CHILI onl€NT LIN€S PT€ LTD H{ AD OFfiCE 63 ROBINSON ROAD .07 1? AFRO ASIA BUILDING SINGAPORE 0106 TUE» RS ***** PHIII FA* *****76 I BOMBAY. DOHA. MUSCAT. BAHRAIN. ABU DHABI SHARJAH. J£OOAH HOOEIDAH. AO ABA H. KONG (OK KEELUNG. MANILA. BANGKOK. TOKYO. COLOMBO. KARACHI. BOMBAY EAST AFRICA/MEDITERRANEAN w UK/EUROPE
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      739 29 Agents Spore T.I No P.Kelang NEPTUNE ORIENT LINES LTD 1 J Bahru NEPTUNE AGENCIES PTL LTD ft EU/AUST TP A/SEA Terminal CFS BOOKINGS 27*5753 *****42 *****22 *****53 2710 m *****16 *****11 27*141 NEPLINE SDN BHD. 3CMO7 INWARD/OUTWARD NEPLINE SON BHD *****33 ENQUIRIES 27»7M4 NEPLINE SDN BHD. *****5/(*****/t*****/627«2 NEPLINE SDN. BHD.
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      488 29 STRAITS/KOREA SERVICE V«ml s Nam* ETD BS BKK S PORE P No 9 Donam JO?N 20/02 03/03 06 01/03 Of No 7 Donim JO2N 22/02 01-10/03 01 No I Donam;M2N 04/03 IMB 19-21/03 Z No 6 Donam 902N 10/03 22/03 25-27/03 21 -Gloc.i/W3N 13/03 25/03 21 25/03 31 M Enterprise
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      624 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P KELANG riNANL M/c HANDLING SYSTEM CO ton BHD *SS*S MAI TMOMC SHIPMNC 127 Ptnj/MSfrwt. Pew* Materia
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      21 29 14 a &jh MADJU SENDIRIAN BERHAD 20-12 Tonq Fnq E-kjildinq Singapore 0106 Tel *****87 3 REGULAR VESSEL SERVICE TO BELAWAN WEEKLY
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      328 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 .30 Lines. FAX *****39 *****76 TtLEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE "VIA LARNACA Accepting cargo for Lattakia. Piraeus, Thessaloniki, Izmir, Istanbul, Mersin, LimasscH. Beirut, Alexandria, Port Said, Iraqi, Iranian.
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  • Page 30 Miscellaneous
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      194 30 Regional Weather fi m VI c w L m 4! s4 M l\S X, -at &K C a •j L S ivJ If SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND d^' Wind direction with speed m knots Wave height One halt fleche represents 5 knots R
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      408 31 <c p s> CRYSTAL v L r3 FREIGHT SERVICES PTE liD v Tel: *****88 Tlx: ***** Fax: *****88 USA (AND INLAND DESTNS)B/3, 15/3 COLOMBO 10/3, 21/3 ALSO ACCEPTING TO KEE/KAO 13/3, 20/3 BUSAN 10/3, 17/3 TYO/YOK 14/3, 21/3 BANGKOK 9/3 12/3 *0% UNI-OCEAN LINES PTE. LTD. 60 Cecil Sf #02-01.
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      521 31 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. lE IRAQI LINE '"*Ol ST4TI (H T RPRiJi fo* ■AHITIMI TRANSMIT MV SINDBAO MV ALFARABI EAST BOUND SERVICE ETA S PORE LOADING FOR 15/3 Japan WEST BOUND SERVICE ETA S PORE LOADING FOR Jeddah. Aqaba Bag Mad 10'* Jeddah. Aqaba Baghdad THROUGH B/Ls to
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      593 32 i&SB FINE-LINER SHIPPING ram, PTE LTD 1 I 70 Shenton Wiy (U OPC Mirini House Spore O.'O/ I* TFI ??***** (8 Lines) TIX RS ??M1 FLINfR FAX ??S?f»b6 EUROPE SERVICE TO.Mhi'll'iy''. LLii^u^t'-S^iiM TBN 100 TBN H(i TBN Hi W 11 at* n« hi W FAR EAST SERVICE ■jfM TATSUMI MARINE
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      444 32 ZIM FULL CONTAINER SERVICE acceptir> FCLLCL urfOM to USA East t West Cms! Carribbejn.East Canada. HAITI Costa Rica. El Salvador. Guatemala. Honduras. Venezuela Peru Ecuador Colombia via Miami Trinidad. Barbados. Antigua. St Lucia. Montserrat. Guayana via Kingston m J'! -H U M'-M AUSTRALIA CONTAINER SERVICE ZiM MOHSIUNG 22 3 2IM
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      568 32 Everett Lines I 4 COMPANIA PERUANA m V A VX3 DE VAPORES 5 5. "PERUVIAN STATE LINE" (j FOR CAL LAO, MATARANI. ILO' AND ALL OTHER "fl K?L RU t VIAN PORTS with TRANSHIPMENT AT KOBE ON 9 Zf cpv through bill of lading to final DESTINATION. Kk A Penang*
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      251 33 El <c,— :Jla THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA SINGAPORE REGULAR RO-RQ SERVICE TO MIDDLE EAST P KELANG JEDDAH 01 APR S. MAKKAH Accepting Breakbulh, Ro/Ro, Containers FCL Containers for Sharjah, Doha and Riyadh. REGULAR RO-RQ SERVICE TO USA/CANADA VESSEL LSINGAPORE| P KELANGI BALTIMOREI NORFOLK I NEW ORLEANSI HOUSTON
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      540 33 k 1 Is LCL/FCL SERVICE ANANGEL LEADER VOV 7S SINGAPORE 6/3/68 A VESSEL SINGAPORE POM LAE 20/3/88 31/3 4/4 NOUMEA 29/3/88 Alt® ftoctpttng cargo to KEELUNQ, KAOHSRJMQ. HONS KONQ, P. KELANQ E. MALAYSIA A BRUNEI EUROPE. USA. CANADA AUSTRALIA TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST LUCKY SEAWAY SERVICES
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      536 33 GLORY NAVIGATION GROUP WEGIIUm LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' SP PKL PN BLW KAOH GLORY SELATAN VI V 73 M W GLORY SELATAN VII V 74 Std GLORY SELATAN VIII 10 10 6 VESSELS Of LOG CARRIERS 5 VESSELS OF BRAND
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      Page 33 Advertisements Column 4
      483 33 PTC GROUP PTC CONTAINER LINES FCI/LCL SERVICE FAB EAST KEELUNG/KAOHSIUNG BANGKOK MANILA JAKARTA PORT KELANG/PENANG BUSAN TOKYO/YOKO/KOBE HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/ Xingang/Shanghai EUROPE RDM/HAM/ANT/LE HAVRE/GENOA USA/CANADA L.A./NYC/SFO VANCOUVER/TORONTO/MONTREAL AUSTRALIA/NEW ZEALAND SYD/MELB/ADEL/FREM AUCKLAND/WELLINGTON PAPUA NEW GUINEA P. MORESBY/RABUAL/LAE SOUTH ASIA BOMBAY/MADRAS/CALCUTTA COLOMBO KARACHI pcj CARGO IN CONTAINER
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      339 34 I// Hai Sun Hup Co (Pte) Ltd L_L TEL *****06 (20 Lines) TLX RS ***** 8, RS ***** I \S I I k\ \R I I\l K. I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS 'Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN A
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      Page 34 Advertisements Column 2
      463 34 C.CMTTW FOR RELIABLE AND FAST TRANSIT vun, V WEEKLY FCL SERVICE 4 TO USA-EAST COAST/CULF/CANADA/KXICO AND FRENCH WE*T HBTlfc For: VSL Spore LeHavrt Connecting VSL JUTLANOIA 7/3 24/3 STUTTGART DOfffi Mobile New N DELFT VS 14/3 31/3 NUERNBERG ATI. nrl.»«« NIHON U 21/3 7/4 ATI CARTICR u 4 1—! Houston/Mexico
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      Page 34 Advertisements Column 3
      227 34 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK hnh mphk n m in Tel: *****88 (8 Lines) Tlx: RS ***** 111Nfl SHIPPING *****5 UUIIU PTE LTD TIMBER/BREAKBULK SERVICE TEL *****551 TLX- RS ***** FAX *****14 WES) RANGOON S PORE BKK HKG KEE QINGOAO SILVER HAWK Sailed 1/3 14/3 LATANCAN 15/3
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      Page 34 Advertisements Column 4
      808 34 /M CALL US AT; P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 '04-*****2/4, *****3 '07-*****8 '07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE rtEOc* n:'"..:.nti l ;n l^nin.,. ll 'I 1 MFnTTTTTTI B. KIT AUG 425 BUTAM 427 TT7T OTNE* DESTINATIONS: AARMUS,
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