The Business Times, 7 March 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, MARCH 7, 1988 75 CENTS
    11 words
  • 260 1 THE SELECT Committee looking at two bills on the concept of Team MPs begins public hearings this morning at the Parliament House Annexe. Twelve members of the public have been invited to appear before the Select Committee to give their oral views
    260 words
  • 668 1  -  More companies expected to come aboard By CORRINA LIM AFTER STEWING on the backburner for the last few months, Sesdaq, which turned one year old last month, is finally seeing some action with more yet to come. In an exclusive interview
    668 words
  • 228 1 THE GOVERNMENT is studying the possibility of raising employees' retirement age through legislation, Labour Minister Lee Yock Suan said yesterday. Legislation might be considered as part of measures to raise the retirement age from 55, he said. However, the government prefers to leave
    228 words
  • 202 1 Bernama PRESIDENT Corazon Aquino and Foreign Secretary Raul Manglapus are planning to visit Saudi Arabia and several other West Asian countries this year in a bid to strengthen relations with oilproducing countries. The visit may take place in June, after her visit to Geneva,
    Bernama  -  202 words
  • 109 1 AFP THE Philippines' annual inflation rate rose to 8.81 per cent in February, the highest rate ever under President Corazon Aquino's two-year rule, the government statistics agency last Friday. The annual inflation rate, measured on a basket of consumer goods, stood at 8.47 per cent in January,
    AFP  -  109 words
  • 358 1 AFP SOUTH KOREA should be a more stable place during the next six months, thanks to a steadier political climate and good external economic indicators, according to a Hongkongbased risk assessment company. But the risk factor in a third area South Korea's
    AFP  -  358 words
  • 132 1 AP SOUTH KOREA'S consumer price index rose 1.6 per cent in February, its highest monthly rise in nearly seven years, the Economic Planning Board announced in Seoul on Saturday. February's figure pushed the index for the first two months of this year to 2.2 per
    AP  -  132 words
  • 530 1 MBT CONGLOMERATE Sime Darby has chalked up a hefty 73 per cent jump in group pre-tax profit to M 5133.6 million for the half year ended Dec 31, 1987. thanks to significant profits earned in virtually all its businesses. Its unaudited results
    MBT  -  530 words
  • Page 1 Advertisements
    • 335 1 Need a car or truck loan? WiVFOONG 737-7977 Wa> kxmg \ikl hnance (Si Lid suhMtliaix ol HonekonuHanl M lav nunc Hill #OMI| t'lavm*»rc Pla/.i Singapore 1N22 MANAGEMENT WITH two million passengers a day across the United Kingdom to cater for, British Railway's aim to improve services and reduce costs will
      335 words
    • 294 1 umitt JAPANESE companies are becoming increasingly optimistic about future business prospects, according to the Bank of Japan. ASIA-PACIFIC, Pege 4 PRESIDENT Ronald Reagan's fiscal 1989 budget would leave a federal deficit of US$l65 billion, US$35 billion higher than the White House says, the Congressional Budget Office has reported. REST OF
      294 words
    • 155 1 rV.iKIMOTO I Ik- C>i«iivit( >r < rf C ulturcd Rearls Snxe 1893 r T" m C. T. HOO 27 Tanglin Rd S port 1024 (N«*i to Tanghn Shopping Ctr Tel: *****43. *****53 Page 16: Big surge In profits for UEP Consplant reports 80pc rise In group pre-tax earnings Tractors pulls
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  • MANAGEMENT
    • 1359 2  -  In the next three years, British Rail will be devoting much energy to innovation and risk-taking to generate more revenue, says chairman Sir Robert Reid. He is determined that the present generation of railway managers 'will hand over to its successors a railway which
      1,359 words
    • 534 2 AP FROM SCOTLAND to Sicily, millions of Europe's civil servants spend their time tangling others in red tape and untangling themselves. Performing most of their duties inefficiently, they are a standing joke among irate citizens and a headache to their employers,
      AP  -  534 words
    • 611 2 FT INDUSTRIAL COMPANIES in Britain tend to use property as a place to do something in, not as a product which has its own costs or as an asset which has its own opportunities If they want a site, they lease or buy
      FT  -  611 words
    • 1320 3  -  Arthur Andersen and Coopers Lybrand are the pace-setters in management consultancy who follow two opposite approaches. While the former specialises in information technology-related work, the latter diversifies into a wide range of consultancy services. But they are thinking more and more alike. RICHARD WATERS
      FT  -  1,320 words
    • 493 3  -  i column |3TU that he{ps small 7* companm.grow By TSANG SAU YIN VARIOUS SCHEMES introduced by statutory boards over the years to help stimulate, encourage and facilitate the growth of small- and medium-sized enterprises (SMEs) could now be more structured
      493 words
    • 598 3 IHT EUROPEAN COMPANIES are hirinfl etiquette consultants to teach executives good manners as they move around the world or move up the corporate ladder, or both. Some executives said they travel so much they find it difficult to keep straight what to do where. Others
      IHT  -  598 words
  • Page 2 Advertisements
    • 113 2 Who's got high chance of getting e AIDS virus? PEOPLE WHO PICK UP PROSTITUTES AND STRANGERS FOR SEX MEN WHO HAVE SEX WITH OTHER MEN n THE ONLY WAY TO TELL IS TO TAKE AN AIDS ANTIBODY TEST You can take the test at Middle Road Hospital, Ang Mo Kio,
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  • Page 3 Advertisements
    • 155 3 sinchu jA rfjielP M Visit Taiwan for 45 minutes. Most studies of Taiwan's political and economic climate will take several months. But now you can enjoy a comprehensive and objective briefing in less than an hour. You'll find it in the Taiwan Survey in this week's issue of The Economist.
      155 words

  • ASIA – PACIFIC
    • 418 4 Reuter JAPANESE COMPANIES are becoming increasingly optimistic about future business prospects as fast-expanding domestic demand has helped boost both sales and earnings, according to the Bank of Japan. The overall business outlook is improving in both the manufacturing and non-manufacturing sectors, with the
      Reuter  -  418 words
    • 229 4 Reuter THE DOWNTREND in Japan s current account surplus is likely to continue over the next two years, according to economists. Japan's current account showed a U553.515-billion surplus in January, down from US$4.B4 billion in the same month in 1987, according to a government announcement
      Reuter  -  229 words
    • 582 4  -  By HARISH MEHTA INDIA is playing a be-hind-the-scenes role in resolving the Kampuchean dispute and expects Prince Sihanouk to hold a future meeting in New Delhi with Prime Minister Hun Sen ot the Hanoi-backed Kampuchean regime. In a recent interview in New Delhi,
      582 words
    • 132 4 AFP JAPAN'S per capita gross national product (GNP) amounted to U5519,600 in 1987, topping the US figure of US$lB,4OO, according to preliminary figures released by the Economic Planning Agency in Tokyo last Friday. Japan now ranks second among the 24 member nations of
      AFP  -  132 words
    • 204 4 Reuter INCREASED imports from the US, Europe and Japan are expected to reduce substantially Taiwan's trade surplus this year, officials said. Taiwan's trade surplus is expected to fall to about US$l4 billion this year from a record U5519.03 billion last year, viceeconomic minister Li
      Reuter  -  204 words
    • 284 4 UPI INDONESIA hopes to step back into the international limelight it has shunned for more than two decades with this week's re-election of President Suharto to his fifth five-year term. For 22 years, Mr Suharto concentrated on rebuilding a shattered economy. Now
      UPI  -  284 words
    • 95 4 Reuter THE ISRAELI economy Is showing signs of a slowdown that may be linked to a 12-week-old Palestinian uprising in the occupied West Bank and Gaza Strip, economists said last Thursday. The treasury said tax receipts hsd declined slightly in the past month and a housing
      Reuter  -  95 words
    • 378 4 Bernama ES MALAYSIA ought to achieve more than 4 per cent economic growth this year and more than 5 per cent next year, Institute of Strategic Studies director general Dr Noordin Sopiee said last Friday. Presenting a paper on "The Global Economic
      Bernama ES  -  378 words
    • 916 4 ARRIVALS Operator Service Local From number time FT FT73 0115 IAX/SFO/ANC/ NBT/OSA/TPf SU son 0115 LAX/XT UA UA805 0120 SFO/HKG MAS MH619 0125 KUL AC AC581 0200 IKK pu PK766 0505 KM/IKK su SQ401 0550 CM! su SQ41 0610 MAA MAS MM60I 0730 KUL SU SQ45 0750
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  • Page 4 Advertisements
    • 125 4 J W'/j. V. A Viking invasion All the way from Scandinavia, a buffet to satisfy even the most ravenous Viking warriors! The smorgasbord spread tempts with Matjis herring, smoked salmon, liver pate and gravlax. Follow up with hot salmon-trout, Pitt I spettekaka and other exotic-sounding delicacies. But don't forget there
      125 words
    • 34 4 The buv n ess person's choice every Tuesday. Thursday. Saturday and Sunday. Leaving Changi Airport a* 22 05 hours and arriving early fot'owmg Tiorntng, Co'lyou' Travel Agen' or Air Conoda at *****55 AIR CANADA
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  • Page 4 Miscellaneous
    • 72 4 Doonesbury FOLKS STILL REMEMBER THE DAY WHEN THE OUTSIDER FIRST PRJFTBP INTO TOWN. i HE HAD AN EASY SMILE, AND HE'D BROUGHT WITH HIM A FEW GOOD, STRONG THEMES. FAIR. HEY... &<> TRADE! THAT /T -LEVEL RESO- y PLAYING NATES! U FIELDS! BY GARRY TRUDEAU BUT 7HE TOWNSFOLK SOON NOTICED
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  • REST OF THE WORLD
    • 182 5 UPI SLIPSHOD maintenance like neglecting to oil a machine is costing developing countries US$lOO billion and possibly as much as US$2OO billion each year, according to the International Labour Organisation (ILO). "Ending slipshod maintenance of their industrial parks .and infrastructures is one
      UPI  -  182 words
    • 246 5 AP THE SOVIET government on Saturday took steps to open the door to greatly expanded private enterprise. proposing to encourage all-out competition with businesses and allow contact with foreign oompanies. The new draft law, which will need the approval of parliament the
      AP  -  246 words
    • 272 5 Reuter PANAMA could lose hundreds of millions of dollars a year if Washington imposed a trade embargo as part of a campaign to oust military chief Manuel Antonio Noriega. Ruben Dario OrtegaVieto, director of Panama's Foreign Trade Institute, said on Saturday in
      Reuter  -  272 words
    • 120 5 Reuter A LEADING architect of Hungary's economic reforms said last Friday his country should rethink traditional communist opposition to stock markets, adding that Karl Marx never intended people to be poor. Hungary has been a pace-setter among East European nations in introducing market-oriented economic
      Reuter  -  120 words
    • 156 5 NYT THE VATICAN expects a record budget deficit of US$6l.B million this year, although income from contributions has increased. Pope John Paul ll's urgent requests for financial help from bishops, religious orders and lay people appear to have paid off in 1987, as donations to the
      NYT  -  156 words
    • 301 5 Reuter THE SWISS ECONOMY shrugged off last October's stock market crash and the strong Swiss franc to grow at a seasonally adjusted year-on-year rate of 2.6 per cent in 1987's fourth quarter, the Federal Office for Economic Questions said last week. Gross
      Reuter  -  301 words
    • 113 5 Reuter ZAMBIA'S go-it-alone recovery programme will fail, causing damage to the economy that will be costly to repair, the World Bank's southern Africa director, Sven Sandstrom, said. Zambia adopted an economic recovery policy based on local resources last May after abandoning IMF austerity measures. Mr
      Reuter  -  113 words
    • 406 5 AP PRESIDENT Ronald Reagan's fiscal 1989 budget would leave a federal deficit of US$l65 billion. US$35 billion higher than the White House says, the Congressional Budget Office reported. Most of the difference results from the administration's more optimistic view of the economy, said James Blum,
      AP  -  406 words
    • 216 5 Reuter THE DEMOCRATIC majority in the US Congress are determined to pass legislation to restore fairness in international trade. Congressman Ed Jenkins, speaking for the Democrats in their weekly radio address on Saturday, said the party was fighting for the jobs of American workers
      Reuter  -  216 words
    • 190 5 NYT ACCORDING TO US Congressman Brian J Donnelly, "As you get closer to St Patrick's Day, Irish Americans get greener and greener" The Massachusetts Democrat was explaining on Saturday why several congressmen of Irish lineage were angered by a US State Department official's
      NYT  -  190 words
  • Page 5 Advertisements
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  • Page 5 Miscellaneous
    • 230 5 City Max; Not* Mln (°C) Adelaide 28/11 Fair Amsterdam 05/01 Clear Athens 09/02 Clear Bahrain 22/17 Cloudy Bangkok 36/24 Fair Barbados 30/23 Cloudy Ming 021-7 Clear Beirut 16/11 Cloudy Belgrade 07/00 Clear Berlin 05/-1 Cloudy Bermuda 20/13 Clear Bonn 04/-1 Rain Brisbane 28/19 Showers Brussels 04/-1 Cloudy Buenos Aires 31/20
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  • MONEY AND EXCHANGES
    • 863 6  -  by PAUL FRANKLAND ON MONDAY, a customer walked into your business premises, tripped over a ruck in the carpet and broke an arm. On Tuesday, one of your salesmen visited a client and dropped a box of samples on the general manager s foot, breaking
      863 words
    • 1723 6 Union Bank of Switzerland AFP Zurich: LAST WEEK, the trading calm on the foreign exchange markets was again only ruffled by the odd rhetorical gale. Encouraged by the two-time improvement in the US trade deficit, the foreign exchange markets appeared increasingly impressed by the G-7 nations' success in
      Union Bank of Switzerland; AFP  -  1,723 words
    • 203 6 Reuter THE STATE-OWNED National Thermal Power Corp of India has mandated four financial institutions for a 30 billion yen loan, one of the lead managers in Hongkong, DKB Asia Ltd, said. The other three lead managers are IBJ Asia Ltd, Nippon
      Reuter  -  203 words
    • 363 6 AFP THE UNITED STATES favours the "stabilisation" of the US dollar because a new low would hurt the economy, US Treasury Secretary James Baker said on Friday. "Stability in the exchange rates is very important" for the US and their principal trading
      AFP  -  363 words
    • 376 6 Gold Financial futures Green and Collier BOLSTERED by favourable economic news, gold bullion prices rallied sharply last Friday to settle near the week's high. At New York's commodity exchange, spot gold settled at U*****.40 an ounce, a gain of about $8 over the previous Friday's finish. The metal's brisk recovery
      Green and Collier  -  376 words
    • 93 6 Silver futures on March 4 5.000 troy ounces, US cants per troy ounce Open Mgr. Lam tottko Mor 630.00 633.00 630.00 642.70 16.30 A<H 642.30 647.00 642.50 646.10 16 JO Mo, 635.00 658.50 635.00 650.00 16.50 M 644.00 667.00 642.00 658.20 16.70 Sop 662.00 671.00 661.00 666.10
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    • 242 6 Asian market ASIAN CURRENCY average deposit rates for the week ended March 4 BIO PRICES High Low us s 7 days 6 5/8 6 5/8 1 month 6 3/4 6 11/16 2 monthi 6 3/4 6 11/16 3 monthi 6 3/4 6 11/16 6 momht 6 13/16 6 3/4 9
      242 words
    • 113 6 Citicorp Investment Bank THE MARKET last week opened firm with interbank interest rates on a soft note. There was some profit-taking in the newly auctioned five-year bonds due March 1, 1993. Other than that spurt of activity. The market was very quiet in line with the international
      Citicorp Investment Bank  -  113 words
    • 493 6 PUt of bonks at ttw dot* of business on Friday, March 4, at supplied by the Association of Ranks in Singapore. Indicates the average of the prim* lending rates of 12 major banka In S'pore BANK PLR Algemene Bonk 6% Allied Irish Book PLC 6 American Express
      493 words
  • Page 6 Advertisements

  • BANKING AND FINANCE
    • 352 7 AFP AMERICAN monetary authorities intervened with more than US$4 billion after last October s stock market plunge to bolster the falling dollar, the Federal Reserve said on Friday. The dollar began collapsing in early January to its lowest historic levels against
      AFP  -  352 words
    • 209 7 Reuter THE US Export-Import Bank will allow its loan guarantees to be sold on secondary markets and to support bond issues by foreign private and public sector firms, a senior Eximbank official said yesterday. Rita Gonzalez, a member of Eximbank's board of directors,
      Reuter  -  209 words
    • 383 7 UPI BRAZIL has reached a tentative agreement with international banks for the largest refinancing deal in the history of foreign debt, stretching out the payment of U5567.6 billion in loans over 20 years with an eight-year grace period. The agreement, which covers principal due
      UPI  -  383 words
    • 309 7 AFP WEST GERMAN central bank chief Karl-Otto Poehl has suggested setting up a "tri-polar international monetary system" based on the dollar, the yen, and European monetary union. Speaking to a group of Asian businessmen in Hamburg, West Germany, on Friday, the Bundesbank president proposed
      AFP  -  309 words
    • 497 7  -  By ALVIN TAY FRESH from a successful "cashgiveaway" campaign last July and August, which brought in about $100 million worth of new housing loan business, the Singapore branch of Citibank is repeating the offer this time with $2.5 million worth of hongbaos to
      497 words
  • Page 7 Advertisements
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  • COMMODITIES
    • 337 8 UPI ECUADOR'S Oil Minister has said he would ask the 13-nation Opec cartel to reduce its production in order to stave off another oil price collapse. Mr Fernando Santos said "urgent" steps were needed to stem the recent drop in world oil prices
      UPI  -  337 words
    • 1442 8 AFP NICKEL remained the focus of attention during the past week on the commodity markets. After soaring prices for cash delivery triggered brief suspension of trading on the London Metal Exchange (LME) last Friday, the metal remained firm, albeit in a
      AFP  -  1,442 words
    • 168 8 Chinese Produce Exchange S#M#n noon doting prioot on Mortal 5 (SS/100 kg) Coconut oil kA FO« 108.00 Old drvm FOB U8.00 N*w drum FO> 122.00 Copra Ml««d (IoomI 61 Pepper Muntofc «Mt> F08 NiW 1092.50 Sarawak wHtm FOt foq NIW 1077.50 Sorowak ipadol block FO« NIW 802-50 Sarawak
      168 words
    • 176 8 Reuter STRONG physical demand for gold in Asia, particularly in Japan and the newly-industrialising countries, should have a positive impact on gold prices, according to precious metals experts. At an international gold conference in Hongkong, delegates were generally bearish on gold prices
      Reuter  -  176 words
    • 250 8 Bernama WORK ON phase two of the Peninsular Malaysia gas utilisation project will begin in July and is scheduled for completion in May 1990. Petronas east coast region general manager Haji Mokhtar Ali has said. It would involve the laying of
      Bernama  -  250 words
    • 357 8 AP NEGOTIATIONS aimed at reaching a new long-term grain agreement between the United States and the Soviet Union are scheduled to start this week in Vienna, the US government has announced. "We look forward to our discussions with the Soviets on
      AP  -  357 words
    • 276 8 Bernama ES MALAYSIAN crude palm oil prices fell further last week on both the physical market and the Kuala Lumpur Commodity Exchange. Dealers said sentiment continued to be affected by a lack of positive factors and uncertainty over India's future purchases of palm oil from Malaysia although it
      Bernama ES  -  276 words
    • 297 8 London Aug 187.20/187.80 OF Rotterdom 361 (365) Sales.- (1073) Commodity High/Low C-l JOIfl Raw 189.2/183.0 (3433 Mar/Apr 500slr Tone: Steody Exchange Apr/May May/Jul 510sir 515sk Zinc High Grade No 6 Clf 216.0 (219.2) Jur/Jul 520tir Cash 522/524 (508.5/509.5) 523/523-5 (512.5/513) 518 (508J) Sales: (843) Bvyer/Seller dosi "9 prices
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    • 235 8 Reuter CHICAGO Board of Trade wheat futures on Friday closed one cent lower to 3/4 cent higher, with May up 1/4 cent at US$3 12-3/4 a bushel Prices opened higher on news that CCC's Wednesday wheat auction was lighter than expected, and that USD A had offered 600,000 tonnes
      Reuter  -  235 words
    • 235 8 Reuter CHICAGO Board of Trade soybean futures on Friday extended midsession losses amid late professional and local selling as prices closed eight to 12 cents lower, traders said. May closed 9-1/2 cents lower at US$6.l9-1/2 a bushel. C and D Commodities, the professional house that recently took a huge
      Reuter  -  235 words
    • 127 8 AFP INDONESIA has started to take delivery of 22,000 tonnes of sugar from China to help meet this year's anticipated domestic sugar shortfall, newspapers in Jakarta reported last Friday. Mr Padamulia Lubis, head of the North Sumatra Logistics Depot, was quoted as saying that
      AFP  -  127 words
    • 182 8 Bernama ES THE Malaysian rubber market closed steadier last week with April International Ones up 0.50 cents per kg to 284 cents a kg. Dealers said expectations of tight supplies during the wintering period despite improving weather conditions helped the rubber market to close higher in thin trading. The
      Bernama ES  -  182 words
    • 139 8 Bernama ES TIN was traded unchanged at the Kuala Lumpur Tin Market (KLTM) at M 517.40 per kg over the week on quiet trading. Total turnover during the week fell by 224 tonnes to 250 tonnes from 474 tonnes previously. Tin price rose eight cents to M 517.48
      Bernama ES  -  139 words
  • Page 8 Advertisements
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      121 words

  • FOCUS
    • 2346 9 In both Britain and the US, near-misses in the air are getting frightenlngly more frequent. And during every holiday season, airports become gruesomely congested. The following article from The Economist examines some of the problems faced by the aviation industry as more travellers
      The Economist  -  2,346 words
    • 536 9 Reuter LONDON'S Heathrow airport may be in danger of losing its dominant role in the European air transport system as demand outstrips capacity, said the UK Civil Engineering Economic Development Committee Without speedy action to promote investment in airport infrastructure, business may
      Reuter  -  536 words
  • Page 9 Advertisements
    • 413 9 gjM m eyes©re/m A NEW CONCEPT FOR MAN-MACHINE COMMUNICATION It's long been said that we're living in an information society. And that the way we work is undergoing enormous changes, drastic changes. Well, they're not drastic New opportunities and solutions are being born. And out of all this development, positive
      413 words

  • PERSPECTIVE
    • 1168 10 OECD estimates of purchasing-power parity show that Italy's GDP is 3 per cent bigger than Britain's. In other words, the Italians are now richer than the British thanks, in part, to the infamous black economy, which yields figures of anything from 10 to 50 per
      The Economist  -  1,168 words
    • 746 10 NYT THE US and allied governments are trying to make it easier for companies to sell non-military goods to the Soviet bloc, reflecting the inexorable demand of industries for new markets and the swift global diffusion of technology. The governments
      NYT  -  746 words
    • 747 10  -  Trade deficit problems with the US and exchange rate shifts have pressured Taiwanese exporters to diversify their markets. ROBERT KING reports that Europe is a natural outlet. ROBERT KING FT EUROPE and Taiwan are discovering each other, in terms of both trade and
      FT  -  747 words
  • Page 10 Advertisements
    • 204 10 The Stimts Times LI OVlUmi IQITIOM WEEKLY OVERSEAS EDfTION Now keeping someone overseas in touch with what's happening in Singapore couldn't be easier. Or more economical. Because all the major news of every week is condensed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in
      204 words
  • Page 10 Miscellaneous
    • 35 10 BriStc^Rankliicto t CVENINQ STANOARO CO. LTD.. HM-ltM/' j THE. N > SOPPose ~<Do loathed T. V. OVCR THE U>ej£ KE.ND.. J Y Of(?Pv»D 2 THoser.v. PeoPLe OUGHT to &ep>sHPimeD or THerv-ise.uv&s....y > v Thou) MOLo veßy 4
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  • THE ARTS
    • 693 11  -  By SHAUN KOH THE SINGAPORE Symphony Orchestra's new season opens with the Concert Series Number One, featuring soloists and programmes to draw even the dragon into the Victoria Concert Hall. Among the well-known guest artistes who will be appearing in March and April are
      693 words
    • 471 11  -  SHAUN KOH KIRI SINGS GERSHWIN Dame Kiri Te Kanawa (sop) New Princess Theater Orchestra/John McGlinn EMI digital CDC 7 *****-2 (47 minutes). Category: jazz IT IS REFRESHING and somewhat reassuring when one hears a wonderful opera star do a crossover to
      471 words
    • 388 11  -  By TOH HAI LEONG WHILE IT may appear at first glance to be "mostly children animation stuff', When the Wind Blows is really an engaging film based on Raymond Briggs's book of the same name. The serious message underlying this cartoon
      388 words
    • MUSIC NOTES
      • 193 11 Parikian a generous and much loved teacher MANOUG PARIKIAN, the leader of the Liverpool Philharmonic Orchestra from 1947-48 and the leader of the Philharmonia Orchestra during its years of glory from 1949 until his resignation in 1957, died of a heart attack on Christmas Eve last year. As a result,
        193 words
      • 197 11  -  SHAUN KOH NATHAN MILSTEIN may not be giving in to age. But age is invariably catching up with him. Reports from New York indicate that although the magic is still there, some spark has noticeably diminished. That would be quite expected in Milstein's case. After
        197 words
  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 1308 11 to aaa mam HEARING OF THE SELECT COMMITTEE ON TEAM MPs 9.30pm, Channel 5 Today, a Select Committee appointed by Parliament begins hearing on the Group Representation Constituencies or GRC proposal, which is contained in two bills the Parliamentary Elections (Amendment) Bill and the Constitution of the Republic of Singapore
      1,308 words
    • 640 11 mmmm 5 i m f CRYPTIC PUZZLE ACROSS 1 Weight of a cart? (5) 6 Where you need loans for hairdressinfl? (5) 9 TV captain's bird (7) 10 She's no hit in a Strindberg play (5) 11 Covers for cheese, bacon, etc (5) 12 Stop being an outsider (3, 2)
      640 words

  • SPORTS & LEISURE
    • 276 12 AFP THE TWO king Khans of squash were scheduled to meet yesterday for the first time in three months in the final of the Spanish Open after putting on performances of awesome skill even by their exceptional standards. Jansher Khan, the 18-year-old world champion, needed
      AFP  -  276 words
    • 399 12 UPI EMILIO SANCHEZ of Spain upset No. 4 Pat Cash 6-4, 6-4 on Saturday to advance to a final match against defending champion Boris Becker at the U*****,500 Newsweek Champions Cup in Indian Wells, California. Becker, the No. 3 West German
      UPI  -  399 words
    • 386 13 AUSTRALIA'S two-time world champion, Jeff Fenech, is aiming to become the 11th boxer to win three world titles when he meets Victor Callejas of Puerto Rico for the vacant WBC featherweight crown at the Sydney Entertainment Centre tonight. Fenech, a former street brawler from Sydney's
      386 words
    • 298 13 AP BOBBY WADKINS. seeking his first victory in a 14-year career, retained a two-stroke lead on Saturday in the third round of the US$l million Doral Open golf tournament in Miami. Wadkins. the leader all the way in the chase for a US$lBO,OOO first
      AP  -  298 words
    • 472 13 AP ROY HINSON and Tim McCormick scored 20 points apiece and the New Jersey Nets won its third straight game under new coach Willis Reed with a 94-85 victory over the New York Knicks on Saturday. New Jersey, who hadn't won more
      AP  -  472 words
    • 464 13  -  By WALTON MORAIS ROOKIE American golf pro Tray Tyner. who last week said his confidence is usually sky-high, fired three birdies on the back nine to come from two strokes behind and win the US$l5O,OOO Malaysian Open golf championship at the Saujana Golf and
      464 words
    • 200 13 AP SWEDEN'S Patrick Sjoeberg retained the men's high jump title at the European Indoor Championships in Budapest on Saturday but said what he wanted even more was to get his world mark back. He failed by the touch of a heel. Sjoeberg jumped
      AP  -  200 words
    • 400 13 Reuter WALES landed rugby's Triple Crown for the first time since 1979 in Dublin on Saturday with a thrilling 12-9 victory over Ireland gained in the dying minutes of a close match. A penalty by fullback Paul Thorburn gave Wales a triumph it
      Reuter  -  400 words
    • 239 13 UPI BRIAN S TIME, a 32-1 shot, charged from the back of the pack under new rider Randy Romero on Saturday to pass Forty Niner just before the wire and win the US$5OO,OOO Florida Derby by a neck. The victory in the key
      UPI  -  239 words
  • Page 12 Advertisements
    • 173 12 i COURVOISIER XO-Where to eat, drink... MARCH of chicken with thinly sliced ulent ham, skewers with tender beef fillet and king with chicken It i// A M Food 'n' Fashion Sensations al 8100m5... Take a culinary adventure through the finest cuisines, as lithe models show off the latest pret a
      173 words
    • 166 12 MING PALACE OR POOLSIDE STEAMBOAT J V < Bring your family and friends and enjoy our steamboat buffet dinner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmm then take a second helping or more. Share an all-you-can-eat steamboat with
      166 words
    • 176 12 MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected oudets, they will get a second dnnk, all for the price of one! It's a magic formula applicable daily The Lounge 7 9pm The Mandarins will entertain you from 9.15pm onwards in The
      176 words
    • 191 12 Jolly Hoots are back! Order a Guinness draft stout or beer get another FREE. Ot get 25% off all other drinks by the glass. And 10% off bottle purchases. Nothing could be jollier! Come try our delectable entrees where east meets west. Cafc Extraonhnanr sTßfETsoFjonapri Closed on Sunday PLAZAHOTEL Available
      191 words
    • 209 12 (t Viking invasion! 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* jl Akvavit and
      209 words

  • Page 13 Advertisements
    • 364 13 and entertain 4 &< übtrtuff (SrUl 4 V V'i j* v HJL-, V» %WvßF\ l JC*?l itjpfe > Tender Roast Baby Lamb. At 5522.50. Our special dnner promotion this month is Roast Baby Lamb Caretully prepared to preserve all the tenderness and carved right at your table, accompanied with panfried
      364 words
    • 151 13 ONE GOOD REASON TO LUNCH ATTHE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE <)F MAIN COURSES, DM 1 For between $26++ and $40+ dii y ou can select from our appetiser LjKILL buffet including seafood, smoked salmon and oysters. Choose from many lav ish main courses. And
      151 words

  • MARKET REVIEWS
    • 697 14  -  r i Singapore P By CORRINA LIM STRONG RETAIL and institutional support, which emerged late in the week, boosted the Singapore stock market to a firm closing. The market had opened quietly but expectations of a mildly stimulative budget on Thursday sent investors scrambling for
      697 words
    • 708 14 ww M" I K.Lumpur m 1 4 MBT THE KUALA LUMPUR stock market rallied further in the second week of the Year of the Dragon as early uncertainty gave way to optimism last week. The latest gains mark the market's third consecutive week of advance.
      MBT  -  708 words
    • 585 14  -  Week ended Mar 4 compiled by JULIANA TAY SCRIP ISSUES Hexza Corp**: Proposed rights issue of one-for-two at $0.65 per share Bonus issue of one-for-six (rights issue entitled to bonus issue) Pilecon Bhd: Proposed rights issue of one-for-two at $065 per share CORPORATE DEVELOPMENTS DBS
      585 words
    • Article, Illustration
      4822 14 TOP TEN STOCKS THE FOLLOWING is a list of the 10 most actively traded stocks on the Stock Exchange of Singapore last week. Company Turnover Prices High low 000 Mar 4 1987/88 1987/88 NOl Wm 1993 ***** 053 055 044 City 0e« 6293 281 550 1 52 City Dev Bonds
      4,822 words
    • 263 15 ii j K Lmjfl London N linn m AFP SHARES consolidated their gains on the London Stock Exchange last week, with the Financial Times-Stock Exchange (Footsie) "00-share index climbing above the 1,800 mark on Wednesday for the first time since the October stock exchange
      AFP  -  263 words
    • 408 15 1J AFP SHARE PRICES continued to climb on the Tokyo Stock Exchange last week with the key market barometer the Nikkei Stock Average gaining for the sixth week in a row. Cash-heavy institutional investors and foreign investors played major
      AFP  -  408 words
    • 145 15 ABN Bank SENTIMENT on the Amsterdam stock market was determined mainly by internal factors last week. Neither the US dollar nor the Dow Jones index moved substantially. Important news came from the government, which decided to abolish the investment tax credit (WIR) regulations. Compensation will be found
      ABN Bank  -  145 words
    • 1305 15 L- j Hongkong M Good corporate results fuel demand BULLS WERE BACK in force on the Hongkong stock market last week as the Hang Seng Index charged up almost 89 points to close at 2,472 in active trading. The week started
      1,305 words
    • 939 15 FT TEXACO is the subject of takeover rumour. Drexel Burnham Lambert is calling in markers from its junk-bond clients. T Boone Pickens is besieging a Nevada gold miner. A British company has launched a hostile bid for some stone quarries. Sounds a bit familiar? It
      FT  -  939 words
    • 598 15  -  From SHIRISH NADKARNI and AJIT AGHARKAR IN AN EXTREMELY subdued week on the Bombay exchange, shares of the polyester industry surged ahead. With the exception of Reliance, all the shares in the industry scored handsome gains. Bombay Dyeing, Century, Century Enka, Garware Nylons and J K
      598 words
    • 409 15 rylAustralia A AFP THE AUSTRALIAN share market finished the week sharply higher after solid support throughout the week. Brokers said the market had been led up by the return of overseas investment funds to the market which had pushed up trading
      AFP  -  409 words

  • Page 15 Advertisements
    • 53 15 EXCLUSIVE APARTMENT DEVELOPMENT AT THE HEART OF PERTH WESTERN AUSTRALIA There is an opportunity to join a partnership to build five exclusive apartments in what is one of the most unique, valuable and attractive properties in Australia. Two only remain available $1,750,000 $1,500,000 (Australian Dollars) Murray Macgowan Telephone 336 8965
      53 words
    • 8 15 The Zurich and Frankfurt reports wara not available
      8 words
    • 182 15 APPONTMENTS SALES, MANAGEMENT MARKETING CONSULTANTJ Mercuri International specialises totally in Sales Sales Management development. We are the largest and most successful organisation hi our field. We have 27 offices In 15 countries and employ over 500 Sates and Marketing Consultants, and we need high calibre people to join us in
      182 words

  • COMPANY NEWS
    • 495 16  - Last-ditch attempt by MBL and F N likely to fail Lion Corp shareholders vote on merger tomorrow From SELWYN PARKER A LAST-MINUTE bid by Malayan Breweries and Fraser Neave to thwart New Zealand's Lion Corporation from holding an extraordinary meeting tomorrow looks likely to fail. MBL and F N, which
      495 words
    • 619 16 LAST FULL YEAR Company Period Dote Year Net EPS Groa Net announced •ndlng (cents) <*v profit kni year ($•000) Minebea Interim Jul 21 Sep 87 169 230 2.907(g) Tokyo Land Interim Aug 22 Sep 87 30 9771(d) CXita Cora Final Aug 28 Dec 86 4.8481 Fed Cables Final
      619 words
    • 374 16  -  By LEE HAN SHIH A MAJOR row between Hongkong contractor Gordon Wu and his Chinese partner has been resolved with a surprise intervention by Chinese Communist Party chief Zhao Ziyang. In an unprecedented move, Mr Zhao personally told the Guangdong Provincial Highway
      374 words
    • 352 16 MBT CONSOLIDATED Plantations has reported an 80 per cent jump in group pre-tax profit to Ms4B million for the first six months ended Dec 31, 1987. This was achieved on a higher turnover of M 5289.6 million against M 5235.3 million previously.
      MBT  -  352 words
    • 134 16 MBT TRACTORS Malaysia Holdings, Sime Darby's 71.7-per-cent owned subsidiary, has posted a 43-per-cent jump in group pretax profit to M 515.7 million for the six months ended Dec 31, 1987, following a 47-per-cent rise in turnover to M 5130.4 million. After taxes, profit came to M
      MBT  -  134 words
    • 138 16 Bernama ES UNITED ESTATE Projects Bhd (UEP), the property arm of the Sime Darby group, has reported an unaudited group pre-tax profit of M 515.1 million for the six months ended Dec 31, 1987 (compared to M $600,000 for the 12 months ended Dec 31,
      Bernama ES  -  138 words
    • 623 16  -  »THE MONTH 1 THAT WAS By LISA LEE FEBRUARY showed just how quiet a bear market can get as institutions and investors remained sidelined in a still uncertain trading environment. While bourses in Tokyo. Hongkong and Sydney were making gains by month's end. trading
      623 words
    • 191 16 Bernama ES DUNLOP Malaysian Industries Bhd (DMIB), a member of the Sime Darby group, reported a 63 per cent increase in group pretax profit to M 510.9 million for the half year ended Dec 31. 1987 from M 56.7 million previously. DMIB said in a
      Bernama ES  -  191 words
    • COMPANY BRIEFS
      • 49 16 AMCOL Electrical Industries Ltd has set up a joint-venture company called Funai Electric (Singapore) Re Ltd, with Funai Electric Co Ltd of Japan. Amcol s 45 per cent stake in the venture amounts to $2.25 million of the company's proposed paid-up capital.
        49 words
      • 20 16 DBS LAND Ltd has requested the Stock Exchange of Singapore for a suspension of trading today.
        20 words
  • Page 16 Advertisements
    • 665 16 NOTICES In The Matter of The Companies Act Cap 50 And In The Matter of FIBER OPTICS INSTRUMENTATION PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up. At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 29 Hillview Terrace #06-06 Hillview Warehouse.
      665 words
    • 316 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CASCO TIMBER INDUSTRY PTE. LTD. (In Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 101-A Upper Cross Street, #11-22, People's Park Centre, Singapore 0105 on Saturday, the
      316 words

  • WORLD MARKETS
    • 888 17 New York Reuter WALL STREET stocks closed mostly lower last Friday on concern that a surprisingly strong rise in February employment could interfere with the recent downward trend in interest rates. But American Stock Exchange and over the counter stocks paid little heed and continued to
      Reuter  -  888 words
    • 948 17 London Reuter EQUITIES on the London market last Friday settled back in late trading into the recent upward trend on continued optimism about the forthcoming UK budget. But there was a slight hiccup just after midday when data from the US showed a huge and unexpected
      Reuter  -  948 words
    • 1399 17 Amsterdam MAR 04 FL» ABN 38 90 -04 Aegon 71 70 05 Ahold 75 50 -07 102 70 -1 7 Alrenta 146 50 02 AM6V 47 70 09 Amro Bank 65 90 -07 Am Stad 123 50 -0 3 12 90 -0 4 BOLS ***** 15 Boraumij 46 40 -436
      1,399 words
    • 109 17 Reuter CAMPEAU CORP. through a subsidiary, has filed a suit to invalidate a Florida takeover law that protects Federated Department Stores Inc from a Campeau takeover bid. The suit was brought by the Campeau subsidiary, CRTF Corp, in US, District court for the' southern district of Manhattan.
      Reuter  -  109 words
    • 682 17  -  By ALAN LEE TWO MONTHS after it cleared Standard Chartered Bank of any wrongdoing in its defence of a hostile bid from Lloyds Bank, the Bank of England has stepped into the affairs of the troubled Lon-don-based international bank. This time, the Bank
      682 words
    • 375 17 Reuter FILIPINO industrialist Enrique Zobel said in a letter to President Corazon Aquino that a consortium he leads is interested in buying state-owned Philippine Airlines (PAL). "We are committed to the privatisation programme of the government and we are prepared to make the necessary
      Reuter  -  375 words
    • 557 17 AFP BRITISH press magnate Robert Maxwell, a man who invariably gets his own way, has been outflanked in a matter closest to his heart his own life story. Last Wednesday, he lost the race to get his authorised biography on the bookstalls before two
      AFP  -  557 words
    • 200 17 Reuter THE HONGKONG govern-ment-owned Mass Transit Railway Corp (MTRC) said that its net loss for the year ended Dec 31, 1987, fell to HKS7B million from HK$47O million for the previous year. Chairman Wilfrid Newton said the loss was less than expected. The results had benefited
      Reuter  -  200 words
  • Page 17 Advertisements
    • 0 17 `]-=}"{<`~*/`>;.>`[>@@%%~/[>)[:
      0 words
    • 51 17 Sime Darby] Sime Darby Group INTERIM RESULTS FOR THE SIX MONTHS ENDED 31ST DECEMBER 1987 1987 M$ Million 1986 M$ Million TURNOVER PROFIT BEFORE TAXATION 1,515.3 1,160.1 EARNINGS EXTRAORDINARY PROFITS GROUP PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF SIME DARBY BERHAD M. Sen M. Sen EARNINGS PER SHARE DIVIDENDS PER SHARE NET
      51 words

  • 108 18 FT A STRONG warning about the dangers of protectionism to the world economy was issued last Friday by Mr James Baker, the US Treasury Secretary. Seeking to influence the shape of the forthcoming trade bill in Congress, Mr Baker told the Senate Budget Committee in Washington,
    FT  -  108 words
  • 316 18 A TOTAL of 71 small- and medi-um-sized local companies have successfully applied for technical and financial assistance under the Small Enterprise Computerisation Proflramme (SECP) since it was started in December 1986. Of these, 44 companies engaged in manufacturing, trading, retailing, contracting, freight forwarding.
    316 words
  • 495 18  -  Plans to proceed despite removal of American GSP benefits By WILLIAM CHIA TWO MANUFACTURERS of typewriters are pushing ahead with plans to upgrade their factories in spite of the proposed removal of Singapore from the preferential trading list by the US, their largest market. Olivetti,
    495 words
  • 135 18 THERE IS SCOPE for setting aside some space in future Housing and Development Board estates for private housing, says the Minister of State for Home Affairs and National Development, Dr Lee Boon Yang. The idea is to promote community living and a better
    135 words
  • SATURDAY ROUNDUP
    • 86 18 A quick look at Saturday's main news OBS LAND, which owns the former Federal Hotel in Scotts Road, has leased the property to an Australian hotel chain, Federal Pacific Hotels, for nine years. The Australian group, which plans to open the 241-room hotel in August,
      86 words
    • 91 18 SENIOR MINISTER (Prime Minister's Office) S Rajaratnam has said that the task of the government is to ensure that the interests of Singaporeans are guarded 10 years from now. Mr Rajaratnam told an audience of about 550 businessmen at the oath-taking ceremony of the Sultan
      91 words
    • 94 18 THE DEFENCE MINISTRY has introduced a Local Study Award (LSA) scheme aimed at attracting A-level school leavers with academic and military potential to join the armed forces as regular combat officers before they graduate and enter the job market. About 50 such awards will be made
      94 words
    • 78 18 MR DAVID MARSHALL, Singapore's ambassador to France, Spain and Portugal, has urged young Singaporeans to criticise the government but to do so moderately and honestly. Mr Marshall, giving a talk on Singapore Then, Now and the Future at the Tampines SAF Reservists Association Clubhouse, also
      78 words
  • 468 18 AFP MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad's United Malays National Organisation (Umno) scraped through a by-election in southern Johor state yesterday but faces a confidence vote in the Kelantan state assembly, officials in Kuala Lumpur said. The new challenge in
    AFP  -  468 words
  • 165 18 Reuter CAMPAIGN strategists for Vice-Presi-dent George Bush said yesterday his decisive triumph in the South Carolina primary is a sign of things to come in tomorrow's "Super Tuesday'' voting. "South Carolina is the gateway to Super Tuesday. This is just what we needed,'' Mr Bush's campaign manager
    Reuter  -  165 words
  • LATE FILE
    • 45 18 AP THAILAND'S consumer price index was up 3.2 per cent in January from a year earlier. The Thai Department of Business Economics said in Bangkok that the index, however, slipped 0.3 percentage points from the previous month. AP
      AP  -  45 words
    • 48 18 AP BANGLADESHI President Hussain Muhammad Ershad's Jatiya Party has won more than three-fourths of the seats in parliamentary elections marred by bloodshed and charges of vote fraud. Results from 279 constituencies gave Jatiya 238 seats, the country's election commission said in Dhaka yesterday. AP
      AP  -  48 words
    • 63 18 Reuter IRAQ sent its jets to bomb targets in seven Iranian towns yesterday after reporting civilian casualties in missile. air and artillery attacks by Iran. Baghdad earlier fired a missile into Teheran, the 34th in a week, in a continuing blitz on the Iranian capital aimed
      Reuter  -  63 words
    • 41 18 UPI CHINA'S Railways Minister has resigned and the national airline chief has been disciplined for a series of transport accidents in January in which more than 200 people died, the official Xinhua news agency reported yesterday. UPI
      UPI  -  41 words
    • 62 18 Reuter THE European Community is seeking ways to expand relations with non-members and play a larger role in world politics after a successful summit of its leaders last month. EC foreign ministers, invited by West German Foreign Minister Hans-Dietrich Genscher, gathered at Konstanz in West Germany
      Reuter  -  62 words
  • Page 18 Advertisements
    • 739 18 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. What does Hongkong hold for Ng Teng Fong? 2. The share of Malaysian stocks traded on the Stock Exchange of Singapore has been falling rapidly over the
      739 words
    • 189 18 ARTHUR ANDERSEN ASSOCIATES, PTE. m LripJkatois liwentives Opportunities Find oat what the Singapore Budget 1968 really means for you and year business from our experts. Experienced tax consultants viQ discuss bow you can take advantage of the recent tax developments in Singapore and the proposed chsngee in the Badge* including
      189 words

  • SHIPPING TIMES
    • 461 19 MEMBERSHIP of the Asia North America Eastbound Rate Agreement has shrunk to a dozen with the withdrawal of Zim Container Services. The Israeli carrier tendered its resignation on March 1 and will leave on April 29, 60 days after its formal
      461 words
    • 171 19 AP SOUTH KOREA plans to bar large foreign shipping liners docking in South Korea from extending freighter services to China, South Korean government officials said. "It's our policy not to authorise large foreign shipping companies to serve
      AP  -  171 words
    • 218 19 HYUNDAI Merchant Marine Co has confirmed its position as the leading South Korean shipping line, with publication of its 1987 revenue figures. Containerisation International reported that Hyundai's total freight revenue was US$637 million, an increase of over 50 per cent from the
      218 words
    • PORTSIDES
      • 77 19 Reuter THE JAPAN/lndia-Pakistan-Gulf/Japan Conference will raise the temporary additional risk surcharge (Tars) on shipments to all non-Iraqi Arab ports, except Oman, to US$lOO/US$2OO per 20/40-foot container from US$5O/US$lOO for all cargo covered by the temporarily reduced commodity box rate, effective April 5. It will also raise
        Reuter  -  77 words
      • 113 19 Reuter THE AUSTRALIA Northbound Shipping Conference will raise its Australia to the Philippines, Hongkong and Taiwan currency adjustment factor (CAF) to plus 0.41 per cent from minus 3 per cent from April 1. The conference said it will also raise its Australia to Japan/Korea general and reefer
        Reuter  -  113 words
    • 164 20 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
    • 98 20 Reuter THE JAPANESE Transport Ministry said it issued shipbuilding permits in February for 15 ships totalling 371,748 gross registered tonnes (grt), down from 19 ships of 523,177 grt in January. This compares with permits for eight ships of 375,000 grt a year earlier. February permits
      Reuter  -  98 words
    • 272 20 Costamare takes delivery of fixed-guide ship Seatrade Week COSTAMARE Shipping has taken delivery of the second of six 856 TEU sisterships fixed-guide container ships it is in the process of purchasing for US$39 million en bloc in one of the most impressive sale and purchase deals closed
      Seatrade Week  -  272 words
    • 726 20 THE ROYAL Dutch/Shell Group has purchased a products tanker, the Oak River of 57,741 dwt and built 1981, a group spokesman said. He declined to say what price had been paid for the vessel but ship sale and purchase brokers said they believed the vessel, owned by Oak Steamship
      726 words
    • 1018 20 AB Shpg V s ABC Container VM 1 Accord Shpg VI 3 Ahrenkiel liner n 3 Africa Oceon XX 2 Alltrons VK 3 AC Toepler X) s Amencon Tpl XX 4/5 Anro Ser»>ce IV 2/3 Arrow lines IX s As ion Oceon XI 4 Atlas line X
      1,018 words
    • 322 21 SAUDI ARABIA is expected to replace its oil trading. marketing and tanker chartering arm, Norbec. with a new firm based in New York. The US-company would operate under the name Saudi International Trading Co and be controlled by the country's Arabian American Oil Co s
      322 words
    • 190 21 Reuter PANAMA'S military strongman. General Manuel Antonio Noriega, has branded the United States as an aggressor for deciding to withhold payments for Panama Canal operations. "It is another show of North American aggression against a weak and small country such
      Reuter  -  190 words
    • 49 21 Reuter THE FAR Eastern Freight Conference (FEFC) has given notice that the interim bunker adjustment factor (BAF) is to be incorporated into rates from April 1. 1988. The current BAF of minus 8.53 per cent will, therefore, be consolidated into the freight rates.
      Reuter  -  49 words
    • 8889 26 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 Singapore.
      8,889 words
    • 1353 27 Grain freight rates for most voyages continued to be steady on Thursday, although market talk that U5515.75 had been paid from the US North Pacific to Japan against previous fixing at $15.50 could not be confirmed, ship brokers said. An unchanged $12.25 was paid from the Gulf to
      1,353 words
    • 1413 27 AT CONVENTIONAL WHARVES V*m«I B«nti i Arrival Departure keppel wharves Beeco Africa K27 alongside 08 03/0600 Equator K22 alongside 07 03/2359 Hong Hing K20 alongside 07 03/2300 Ko Heng KI9 alongside 0803/2300 Koto Megoh K31 alongside 09 03/23® Kris Madura K24W alongside 0703/1100 Kritt Amber K18 olongside
      1,413 words
    • 2023 28 A— B AB Shipping Boustead Shpg Agencies ABC Containerize NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean us Shipping Agencies (S) Multiport Sdn Bhd (PK). AJltrans Alltrans Express. American
      2,023 words
    • 405 30 HK box traffic up 12pc? Port growth exceeds expectations CONTAINERISED traffic through Hongkong is tipped to expand by 12 per cent this year. The South China Morning Post quoted Hongkong Marine Director Gerry Higginson, who said it was a much higher figure than the 9 per cent projection for 1987,
      405 words
  • Page 19 Advertisements
    • 848 19 IS C\X TIMES sue STP Distributors Ttm+% Publishing Group OOCL Oveiqim Co*lcum\ Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROOTING* Voy SGP LBN CHTON NFK NYC MFX ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE 7 10(3 2/4 12/4 14/4 16/4 20/4 7
      848 words
    • 108 19 COSTAMARE Shipping has taken delivery of the second of six 856 TEU sisterships fixed-guide container ships it is in the process of purchasing for US$39 million en bloc in one of the most interesting deals closed by a Greek operator in recent years. Page II SAUDI ARABIA is expected to
      108 words
    • 876 19 *******n TIME? STh Distributors r Pu**a/M»9 Croup MAERSK LINE FAST TRANSIT TO CHARLESTON 29 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33 DAYS FROM PENANG This wee* Anna M Closing T.me CY 9 3 2300 HRS CFS 9/3 1300 MRS To Europe—UK Scandinavia Finland ANNA M 8004 M ROTTERDAM
      876 words

  • Page 20 Advertisements
    • 641 20 u Hapag-Lloyd CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG BREMER-1 R DAM/ ANTWERP LE HAVRE OSAKA BAY KITANO MARU CITY OF EDINBURGH LARGS BAY KAMAKURA MARU HONGKONG EXPRESS CALLING 'KOBE 21/3, TOKYO 24/3 #KOBE 31/3, TOKYO 28/3 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE HAMBURG 17/4 1 Singapore *****00 Bookings *****08 CFS
      641 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National HShipping Association.
      17 words
    • 614 20 S/ c SAV Corrpjm.i Sucl Amcricartj cic Vjpcrcs S A FEEDER VESSEL S'POtt iBOTNt* VESSU HK MICA KHJ AWTOf VALP SAI CSAV 2 11/3 CAR CARRIER 2V4 2W (TOR SO) CSAV 3 111/3 [j WML M/ 3 tfi |ft 11/5 13ft CARGO FOR PUNTA ARENAS. TALCAHUANO (SAN VICENTE) ACCEPTEO WITH
      614 words

  • Page 21 Advertisements
    • 997 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers CONTAKCRSHP SERVICE TO UK/CONTMENT: KNAVON OSAKA BAT KITANO MARU LARGS SAT HONG KONG EXPRESS TOKYO BAT RHINE MARU TOKIO EXPRES HAMBURG EXPRESS 3003 01/04 WD Ml 07M M«4 12/04 14/04 11-04 ISAM 17/04 11/04 »04 1»« 0104 25/04 2*-04
      997 words
    • 732 21 The future looks good The solid support for a solid future is what NYK Group's total services provide. The NYK Group provides door-to-door service for your shipment. Using truck, train, plane and ship based on our computer simulation program, NYK saves you time and money Over a century of tested
      732 words

  • Page 22 Advertisements
    • 395 22 MSI NOSE 1 MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES Loading for IRAN SHOJAAT IRAN EHSANI KYOWA LINE PNG/8. PACIFIC SERVICE Singapore Loading for: 18/3 JAVA, LAE, HRA, LTK, MALAU MICRONESIA SERVICE SPORE PK LOAD FOR A VESSEL 10/3 12/3 SAIPAN, GUAM, TRUK, PONAPE, EBE, MAJURO SUN UNION
      395 words
    • 835 22 ]t£.&L,INE n»t* tmrrmi c«">" FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Member of the Ace Comorlwri Milt v CONTAINI RISEO 10 IROM NORTH AMERICA WIS! COASI CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S'PORE LOADING FOR WONSBON 39—12/3 DUBAI. DAMN AM CRYSTAL REED 63 26/3 DUBAI. DAMMAN GEN AGENTS:
      835 words
    • 238 22 f/A FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONG: SAILING 10/3 16/3 FOR: PORTO. LISBON, ORAN, BILBAO MADRID. MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS. VALLETTA, IRUN, CEUTA, ALGIER i ISTANBUL U.S.A. SIN PORT MORESBY, RABUAL, LAE 18/3 KIETA, MADANG 4 KIMBE NOUMEA 30/4 SUVA/LAUTOKA 30/4 AUCKLAND. WELLINGTON
      238 words
    • 1069 22 a EVERGREEN Full Con timet Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) 1/4 20.4 7/4 244 EVER GENTLE 12 14 3 II 3 20 3 23-3 25/3 24,1 14/EVER GENTRY 11 3 22 3 24/3 2* 3 293 31/3 1/4 20EVER GUIDE 25/1 213 303 1/4 4/4 M 7/4 2fc< EVER GOLDEN
      1,069 words

  • Page 23 Advertisements
    • 916 23 PACIFIC INTERNATIONAL LINES AV\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 VESSEL KOTA EAGLE KOTA SING A GO* A MAJAPAHIT FAR EAST CONTAINER SERVICE 07SB 14/3 2558 17/3 21 SB 26/3 19SB 23/4 JKT SBV 16/3 19/3 08N8 19/3 22/3 26M8 29/3 31/3 22N8 26/4 28/4 ISNBA
      916 words
    • 486 23 irjn BEN LINE containers TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEDONIA FIJI AND SODTN PACIFIC ISLANDS JEBSEN SOUTHLAND 22S V« 1/5 4/S S/5 1/5 105 125 ANANGEL LEADER VOY 8S SIN NOUMEA AKL TGA NAP TIM BLUFF 30/4 23 5 27,'5 29/5 1/6 3* 5* ACCEPTING LAUTOKA.
      486 words
    • 514 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE 1 VSI/VOY S PORE BILBAO ANTWERP H'BURG/ RDAM/ADAM BREMEN GANOA BHAKTI/20WB 15-17/3 IS/4 11/4 21/4 S. PANJANG/IIWB 23-25/3 25/4 21/4 KUTAI/14WB lt-H/4 I— 21/5 26/5
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    • 396 23 BOUSTEAD SHIPPING AGENCIES AVA VHW a Fab/10 PAGAN VI2SW 1/10 Mar PA-AN VI22W 15/11 Mar HTONEYWA V233W IWIJ Mar SAGAING 20/23 Mar PAGAN VI2SW »/31 My BURMA FIVE STAR (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok a Fab/10 Mar Mar 14/15 Mar Mar £3 BANK LINE EXPRESS
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  • Page 24 Advertisements
    • 977 24 LL K"UriE SHIPPtnC-DftTR ATLAriTIC COAST (Round-The-World Service) •PK/PNG ORIENTAL FAITH V 7 Sid 10 Mar 2 Apr 12 Apr 14 Apr 16 Apf 20 Ap ORIENTAL FRIENDSHIP V 7 12 Mar 17 Mar 9 Apr 19 Apr 21 Apr 23 Apr 27 Ap AMBASSADOR BRIDGE Vl6 19 Mar 24 Mar
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    • 343 24 u .1 Accepting LCL and containariaad South Africa OSAKA NARU ff3Sf VENTO 0101F HAYAKAWA MARU M37F 10/3 23/3 25/3 17/3 30/3 31/3 21/3 10/4 12/4 J«rd«n w JARDINE SHIPPING AGENCIES (REG. 242K4/ OOK) 200 CANTONMENT ROAD #12-06 SOUTHPOINT, SINGAPORE (COB *****11 TELEX NO: RS ***** TERMINAL/CFS Tat. *****18-220 BOOKINGS Tat
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    • 709 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* VpDct P «H|M »M"i LoMm| tor: Mower Vsi By Feeder By t tt6* r S.O. NAGALANO V 3»H KIK Iter Kandla Bomb*; Cochin THEOOOR FONTANE V INI 20 Iter Ulr 1) Mar Hid CalcuttaMadraa RAVIDAS V 3»H 2 Apr 21 M*r 21 Iter
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    • 702 24 a, Tata* Avar SINGAPORE «ll STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Colombo/Kvactii'Dub« GOLDEN LAND Cotombo'KarachrDuba' CHINA SERVICE A VESSEL Shaufhai/Hjinkanf MINFU Hjjngpu Shanghai WHi.T.WiTirn GOLDEN LINE GUAN GUAN SHIPPING (PTC) LTD *mm (10 LINES) Fa« JMMM Sport PKttiM Parana 11/12 Mar 2S/2C Mar 10/12 Mar 24,75 Mar N SHIPPING CO., PEKING
      702 words
    • 606 24 s 14/3, 213 2S/3 PHILI Oni€NT LIN6S PT€ LTD Ml AO Of r ICI 63 ROBINSON ROAO '07 1? A'RO ASIA BUItOING SINCAPORf 0106 IH I RS ?87?0 I'Hlil lA* ??SSf 76 BOMBAY DOHA. MUSCAT. BAHRAIN, ABU DHABI A SHARJAH, JEDDAH. MODEIDAH, AQABA H. KONG KOBE. KEEUJNG. MANILA. BANGKOK, TOKYO,
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  • Page 25 Advertisements
    • 936 25 NEPTUNE ORIENT LINES LTD PE FULLY TO EUROPE/UK (VIA SUEZ): ["^77^ K JACEWON 62W In Port 9/3 N MWAI WW (11/3) 13/3 C CONTAINER 44* (11/3) 20/3 m CONTAINER J4W (25/3) 27/3 K JACEJIN 4JW (1/4) 3/4 <JW BRIDGE I* V 4) 7/4 AT cargo »*ll tranehippad via R0 Alm
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    • 491 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE VftMl s Name ETD BS BKK No 9 Donim IO2N 20/02 03 03 No 7 Dontm W2N 22/02 No I Donim M2N 04/03 16 03 No 6 Donam 802N 10/03 22/03 *°Clorialo3N 13/03 25/03
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    • 872 25 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 ***** DC MA Mr f RELANC ui. tuaw* M/S HANDLING SYSTEM CO SON BHD MESSRS HAI TMONC SHIPPING
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    • 16 25 m a K 4 <i MADJU SENOIRIAN BERHAD 20-12 Tong Eng Building. Singapore 0106 Tel: *****8/
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  • Page 26 Advertisements
    • 311 26 Jfc SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 22b 6868 '30 Lines 1 fAX *****39 22*89?6 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE •*L NACA A WtRP ROAM H BURG 25/3 4/4 RUHLAND 2 88 11/3 WILHELM PIECK 2/88 26/3
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  • Page 26 Miscellaneous
    • 175 26 Regional Weather m N 1 M 0 m I 35 KK M I X IB 35 1 fig 13 \< SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature c A\ Shower Weather Wmd direction with speed
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  • Page 27 Advertisements
    • 906 27 s> CRYSTAL r J FREIGHT SERVICES PTE liD Tel *****88 Tl* ***** Fax *****88 Uvn (AND INLAND DESTNS)IS/3, 22/3 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 MM UNI-OCEAN lines pte. Ltd. 60 C«cil St. #02-01. KPB Building Spore 0104
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    • 248 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. rOl IRAQI LINE J #ti IRAQI STATf f «T| urmsf fOK MRITMM TftlNS'OftT EAST BOUND SERVICE eta s pore loading for ALFARABI 15/3 Japan WEST BOUND SERVICE ETA S PORE LOADING FOR MV SINDBAD 15/3 Jeddah. Aqaba Baghdad MV ALFARABI 10/4 jeddah Aqaba Baghdad
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  • Page 28 Advertisements
    • 647 28 >«■& FINE-LINER SHIPPING 'rail PTE LTD j /O Stienton Wiy 04 0?C Mirini House S pore 070/ TFL ??f,90// (i lines) TLX RS FLINER FAX ?WBi6 EUROPE SERVICE W 11,4 21/4 234 li Hi FAR EAST SERVICE M M/I iyj M an an an an an MIDDLE EAST GULF SERVICE
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    • 493 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL carjoei to USA East t West Coat! Cambbean Ea*t Canada HAITI Costa Rica El Salvador Guatemala Honduras. Venezuela Peru Ecuador Colombia via Miami Trinidad. Barbados Antigua St Lucia. Montserrat. Guayana via Kmfston |V1I«'I.1 i TTnEOIM ZM- J M 171 ""m AUSTRALIA CONTAINER SERVICE ACCEPTIMG
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    • 557 28 Everett Lines W COMPANIA PERUANA 9 de vapores B "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI. ILO* AND ALL OTHER HUGHEVEREIT MANOLOEVERETT JOHNEVERETT 15/1« Mar W Apr 20/21 Apr EVERETT ORIENT LINE' IJAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA. KOBE. NAGOYA. MOJI, TOKYO* AND OTHER JAPAN PORTS* ALSO ACCEPTING CARGOES
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  • Page 29 Advertisements
    • 156 29 i j Egyptian International Shipping Company»*.«i SERVING DIRECT TO FROM PORT SUEZ, ALEXANDRIA, AND PORT SAID BY EGYPTIAN RAG VESSELS V WESTBOUNO TO EGYPT M V "PYRAMIDS" V 1« ETA SPORE 31.3.M ACCEPTMQ CONTAMER AND CONVENTIONAL CARGOES. SPORE AGENT: KAWASAKI S PORE (PTE) LTD TEL 221M77 141 CECIL ST #28-01
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    • 71 29 P.T. TYTYAN SAMODRA SHIPPING COY Envi Services Pte Ltd Tel' *****55 Tlx RS ***** ENVISV Fax: *****28 KARACHI CALCUTTA MADRAS COLORIRO BOMBAY accepting FCL/LCL 8/3/86 NOSTRA SHIPPING PTE LTD TLX: ***** FAX: *****12 TEL: *****12 (5 Lines) gship Agencies T»l«pHon« 221(443. 2230*00 224*374 T«l«» RS 2*571 FAX ******9 A 6
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    • 529 29 LCL/FCL SERVICE JEBSEN SOUTHLAND V22S SINGAPORE 6/4/88 A VESSEL SINGAPORE 22/3/88 NOUMEA 29/4/88 lIWJI Bffß Riffß VWI.M swsc* saw K£EUJ moh"unB- MALAYSIA ft BRUNEI TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST LUCKY SEAWAY SERVICES PTE LTD TIl ***** Fai: *****77 S.E.ASIA/CHINA SERVICES SGP PKLANG PNG FOR TBN 15/3 SHANGHAI
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    • 545 29 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' GLORY SELATAN VI V 73 GLORY SELATAN VII V 74 GLORY SELATAN VIII SP PKL Sid Sid In Port 9/3 PN BLW KAOH 16 2 6 VESSELS OF LOG CARRIERS 5 VESSELS
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    • 468 29 PTC CONTAINER LINES PTC GROUP FCL/LCL SERVICE FAR EAST KEELUNG/K AOHSIUNG 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 VANCOUVERfTORONTO/MONTREAL AUSTRALIA/NEW 7FAI AMD SYD/MELB/ADEL/FREM AUCKLAND/WELLINGTON PAPUA NEW GUINFA P. MORESBY/RABUAL/LAE SOUTH ASIA BOMBAY/MADRAS/CALCUTTA COLOMBO KARACHI f'CJ CARGO
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  • Page 30 Advertisements
    • 381 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** fc, 1 \S I 1 R\ \K I INI R. I II) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS 'Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN CHINESE PORTS,
      381 words
    • 437 30 CGM FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/WEXICO AND FRENCH WEST INDIES For: Gulf, Miami, Mobile, New Orleans, Houston/Mexico Vera Cruz, Mexico City Also serving Halifax. Montreal, Toronto, New York. Baltimore. Portsmouth, Norfolk. Savannah/ FRENCH W. Indies Port De France, Pomtre A. Pitre. Degrad D. Cannes.
      437 words
    • 249 30 Tmrnmw WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK Ag«nt NHON-ASU SHIPPING (SI PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** 111Mfl SHIPPING *****5 UUHU PTE LTD TLX: RS 2566( ric tIU FAX *****14 TIMBER/BREAKBULK SERVICE TEL: UNES) TLX: RS ***** FAX *****14 RANGOON S PORE BKK HKG KEE
      249 words
    • 817 30 :vi CALL US ATP. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE i 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 FEEDER B BUTANC 425 B BUTANC 427 PKELANC 12 03 SINGAPORE LEHARVE ROTTERDAM! HAMBURG I GOTHENBURG T77T• OTHER DESTINATIONS
      817 words