The Business Times, 21 March 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, MARCH 21, 1988 75 CENTS
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  • 406 1  -  Fund co-owned by two government investment holding companies By LOH HUI YIN MATCHING ITS words with action, the government is setting up a fund of about $100 million as part of its policy to encourage local companies to expand overseas. Temasek Holdings
    406 words
  • 483 1 LOCAL COMPANIES would find a tax holiday on profits from overseas ventures more useful than the write-off on losses which the government has offered them under the overseas investment incentive scheme, several companies said. The scheme, announced by Finance Minister Dr Richard Hu
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  • 379 1 Bernama MALAYSIA'S Lord President Tun Mohamed Salleh Abas has expressed deep concern over what he said is the "turn of events and controversies" currently surrounding the judiciary. He is "particularly most unhappy" to see a press report on his judgement on a case
    Bernama  -  379 words
  • 152 1 AFP THAI DEFENCE MINISTER Paniang Kantarat is seeking an increased defence budget to boost Thailand's arsenal following a costly two-month border dispute with Laos, a newspaper reported in Bangkok yesterday. In an interview with the Bangkok Post, Mr Paniang said the requested budget increase "would
    AFP  -  152 words
  • 117 1 AFP AN AUSTRALIAN who has signed a contract to run a dye factory will be the first foreigner to manage a small Chinese firm. The official New China News Agency (NCNA) said Ken Hayes, 66. an expert in dye works, signed a threeyear contract
    AFP  -  117 words
  • 488 1 Reuter RISING CONFIDENCE that the US is at last starting to narrow a huge trade gap is fuelling a worldwide rally in share prices. Japan is leading the way back up from the Black Monday of Oct 19, 1987. For
    Reuter  -  488 words
  • 261 1 THE LIST of products covered by the Asean Preferential Tariff Arrangements (APTA) goes up by about 1,700 items next month, bringing the number of eligible items more than 14,400. It is one of two improvements to APTA decided by Asean Heads
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  • 113 1 Reuter JAPANESE travelled abroad in record numbera last year, buoyed by the yen's appreciation against the US dollar. The number who went overseas in 1967 jumped by 1.3 million or 23.8 per cent to an all-time high of 6,829,000, according to a Justice Ministry
    Reuter  -  113 words
  • Page 1 Advertisements
    • 379 1 Need a car or truck loan? Wwkoong 737-7977 Vfeyfcong Mortgage Aixi Kiniince (S) Lid A wholly-owned subsidiary of Hongkongßank 6 Claymore Hill #03-411 Claymore Plaza Singapore (W22 M A KNEE-JERK reaction of American manufacturers to foreign competition has been to try to slam shut the door of protectionism. But there
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    • 314 1 LAST-MINUTE efforts to unite the divided South Korean political opposition before next month's national assembly elections virtually collapsed in Seoul yesterday. ASIA-PACIFIC, Page 4 THE SURGE in the Canadian dollar is making Canada's exporters worried about their competitive position in the US market. REST OF THE WORLD, Page 5 STANDARD
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    • 4 1 Market reviews, Pages 14,15
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    • 240 1 QS6 5 Official Typewriter Supplier of the 1988 Olympics brother Insurance industry a full coverage IN EACH OF THE PAST nine years, BT's Banking and Finance supplement has provided readers with a comprehensive and provocative coverage of one of the Republic's key industries. This year, our 10th financial supplement promises
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  • MANAGEMENT
    • 2440 2  -  A knee-jerk reaction of American manufacturers to foreign competition has been to try to slam shut the door of protectionism. But there is another response, one that better serves America's long-term interests. This is for US manufacturers to become more competitive, part of
      NYT  -  2,440 words
    • 704 2  -  By CHUANG PECK MING Title: Taking America Author: Jeff Madrick Publisher: Bantam, 1987 ARGUABLY, America's economic decline could be traced to inept managers running factories that are under-utilised. So maybe corporate raiders such as T Boone Pickens and Carl Icahn are playing useful
      704 words
    • 418 2  -  l COIWMI I TsUihat hffjpt small i cocnpareesgrow By BOEY KIT YIN THE SHOCK of the October stock market crash may have worn off, but the uncertainties remain. Some have seen the worth of their stocks and shares more than halved, there are businessmen
      418 words
    • 1022 3 American women professionals fight for equal pay With Singapore suffering a shortage of skilled technical workers, the education authorities have begun talking about getting more Singapore schoolgirls interested in becoming technicians and engineers. But there have also been some cries from qualified women engineers
      NYT  -  1,022 words
    • 602 3  -  By SHERRY BUCHANAN IHT CORPORATE ADDICTS of Filofaxes and other personal organiser files go to great lengths to insure them against fire, flood, theft, loss or hyperactive house pets. In case of loss, some Filofaxes carry reward certificates of up to US$5OO for
      IHT  -  602 words
  • Page 2 Advertisements
    • 142 2 Nasi Padang and Rijsttafel Buffet At Only $12.50+^ Ik 9 I 4 ft -."OA iC o IJ 9 r,rr It r* r\ ?> I*3 V\ f u w I* s;. 4 ~z "^esdayP^ m "*g£S!i Beet. Treat yourself to a simply delightful and mouth-watering spread of Nasi Padang Rijsttafel buffet
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  • Page 3 Advertisements
    • 265 3 The NCRTbtal Branch Automation System. Now more than ever before, banks need the tools of technology to maintain a sharp, competitive edge. For when it comes to people and money, service has become a key word. And in order to give the kind of service customers demand, you need l
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  • ASIA – PACIFIC
    • 411 4 Violent protest by PPD supporters AP LAST-MINUTE EFFORTS to unite the divided South Korean political opposition before next month's national assembly elections virtually collapsed in Seoul yesterday, with rival parties trading strong accusations. Officials of the largest opposition group the Reunification Democratic Party
      AP  -  411 words
    • 352 4 Bernama THE SELANGOR government in its efforts to woo investors to the Malaysian state has come out with a theme: provide the greatest convenience possible and least complication to investors. State Secretary Datuk Sulaiman Osman said last Saturday all government departments had
      Bernama  -  352 words
    • 144 4 Bernama ES SINGAPOREANS committed to invest M 5135.4 million in 58 projects in Malaysia last year, providing employment for 9,190 people. The Malaysian Industrial Development Authority (Mida) director in Singapore, Mr Tan Choon Heng, last Friday said that the projects were mostly in the food,
      Bernama ES  -  144 words
    • 177 4 Reuter NEW ZEALAND faces a prolonged economic trough with only a modest recovery likely from next September, the independent NZ Institute of Economic Research (NZIER) said in its latest March Quarterly Predictions. However, the pace of recovery should pick up after about
      Reuter  -  177 words
    • 138 4 AP SOUTH KOREA plans to drastically ease its foreign currency controls effective next Friday, allowing local travellers to spend more abroad, government officials said on Saturday in Seoul. The plan, worked out by the Ministry of Finance, is aimed at reducing South Korea's growing
      AP  -  138 words
    • 56 4 AFP INDIA'S trade deficit during a 34month period up to January this year amounted to more than US$l6 billion, parliament was informed in New Delhi on Friday. Minister of State for Commerce Priya Ranjan Dasmunshi told the lower house that the deficit between April 1985
      AFP  -  56 words
    • 326 4 AFP CHINESE Communist Party chief Zhao Ziyang has announced the speeding up of a controversial programme giving development priority to China's coastal areas, citing a directive by top leader Deng Xiaoping. Mr Zhao, in remarks made at a plenary session of the party's central
      AFP  -  326 words
    • 330 4 Bernama PRESIDENT Corazon Aquino says the government has done its part by taking the first step foward for resuming peace talks on Mindanao. The President described the convening of the recently created Regional Consultative Commission (RCC) for autonomous Mindanao as the first step towards ensuring
      Bernama  -  330 words
    • 269 4 AP CHINA'S economy will continue to grow at a rapid rate during the first quarter of 1988. but little progress is being made in combating double-digit inflation in urban areas, according to a forecast made in the official China Daily
      AP  -  269 words
    • 88 4 AP VIETNAM has announced relatively liberal regulations, including exemption from business taxes, to encourage a "household economy" in the economically ailing country. The Vietnam news agency said last Saturday the government would recognise "the ownership, the right to inherit property and the legal
      AP  -  88 words
    • 488 4 Reuter ACQUISITIVE Japanese eyes roving the world for foreign treasures have found a new window a television programme that has already sold John Wayne's yacht and a Pope s car. The show "Grab it while you can'' (deta mono
      Reuter  -  488 words
    • 257 4 AFP JAPAN'S insurance companies are to lower premiums on imported luxury cars by 30 per cent, ending what some of the country's trading partners have claimed was an unfair charge The companies on Saturday said they will base their charges from
      AFP  -  257 words
    • 913 4 ARRIVALS Operator Sorvko Local From number tim# FT FT73 0115 IAX/SFO/ANC/ NRT/OSA/TPE SU SOU 0115 LAX/NRT UA UA805 0120 SFO/HKG MAS MH619 0125 KUL MA PK766 0505 KHI/BKK StA S0401 0550 CMl SU SQ41 0610 MAA MAS MH60I 0730 KUL su SQ45 0750 MRU SU SQ4I1 0750
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  • Page 4 Advertisements
    • 149 4 *1* Mandarin Gardens Full-Service Accommodation 15 Siglap Road, #01-04/05, Singapore 1544. Available for a month or more. 15 minutes to the airport and city. The beach is just across the road Best recreational facilities in any service apartment Olympiclength swimming pool, wading pool, putting green, tennis squash, badminton, 'tiny tots'
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    • 59 4 I M ml% I ml% I The business person's choice every I I II \I I If Tuesday. Thursday, Saturday and Sunday. I M l\ I ml \l Leaving Chongi Airport a* 22 05 I -X-L IJ—V S±- hours and arriving Heathrow early following Tio r nma Ca'[ you' Trove
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  • REST OF THE WORLD
    • 393 5 Reuter SOVIET TRADE with the West was in the black last year for the first time in three years, according to official figures published last Saturday. Data in the foreign trade journal Vneshnyaya Torgovlya showed a Soviet trade surplus with the
      Reuter  -  393 words
    • 286 5 AP SOVIETS who earn 2,000 rubles (U553,200) or more a month working in cooperatives not under state control will have to pay at least half of the money back in taxes, according to a Moscow newspaper. The government newspaper Izvestia last Friday outlined
      AP  -  286 words
    • 182 5 AFP CONSUMER PRICES were up by 0.2 per cent on average in Organisation for Economic Cooperation and Development (OECD) countries in January, for a 3.5 per cent increase over 12 months. The OECD monthly survey released on Saturday in Paris showed a slight
      AFP  -  182 words
    • 204 5 Reuter STRENGTH in manufacturing and continued moderate employment growth are sustaining American economic expansion, according to the US Federal Reserve Board. "Without exception, reports confirm a moderate expansion of the nation's economy," the Fed said in Washington last Friday in a survey of
      Reuter  -  204 words
    • 316 5 Reuter US TRADE representative Clayton Yeutter called on Saturday for further liberalisation of world trade and said a trend towards protectionism could lead to a global recession. He said the dollar would remain the world's leading currency for many
      Reuter  -  316 words
    • 123 5 Reuter MILITARY STRONGMAN General Manuel Antonio Noriega, facing spreading popular calls for his removal, has rejected a United States plan to solve Panama's political crisis, according to an armed forces communique. The statement from the Panama defence forces on Saturday said General Noriega met on Friday
      Reuter  -  123 words
    • 327 5 Reuter EXPERTS from East and West said last Saturday that economic reforms in Eastern Europe had failed because they had not gone far enough. "The efforts to cross the centralised shortage economies with elements of the market economy are futile and
      Reuter  -  327 words
    • 461 5 Currency at its highest in four years Reuter THE SURGE in the Canadian dollar is trimming profit margins off Canada's exporters, who are worried that its rising value will erode their competitive position in the crucial US market. Economists, business executives and lobbyists predict exporters
      Reuter  -  461 words
  • Page 5 Advertisements
    • 115 5 Welcome to a stopover in Germany. ■m V. jtiS* Wherever you go in Europe, either on business or on holiday, make a stopover in Germany. This place we call home gives you everything from picture-book landscapes to streetside cafes. Lufthansa's Hansatours offer you a variety of packages with convenient connections,
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  • Page 5 Miscellaneous
    • 154 5 V/S'S 10/05 Cloudy 11/08 Cloudy 25/18 Cloudy 35/27 Sunny —/23 Cloudy 08/01 O'cost 18/12 Rain 08/02 Cloudy 07/-5 Clear 19/17 Cloudy 11/02 Rain 26/17 Showers 12/05 Rain 26/15 Clear 25/11 Cloudy 08/-6 Cloudy 27/09 Fine 27/16 Cloudy 05/-2 Cloudy 01/-3 Clear 33/24 Showers 13/08 Cloudy 10/-3 Cloudy 12/05 Cloudy 20/16
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    • 76 5 Doonesbury 100 KNOW THERE'S A LOT OF TALK THESE OWTHE '/WON mva PARTICULARLY IN RELATION TO THEIR ASIAN GOUNTERMRIS. WELL, TRY TELUNG THAT TO THIS HIGH SCHOOL ANP THIS CLASS' m r i i i r W BY GARRY TRUDEAU ANP ESPECIALLY, TRY TELLING ntOimiHßU STUPENVS IN THISCLASS WHO HAG
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  • MONEY AND EXCHANGES
    • 708 6 Debt crisis far from resolved Reuter LATIN AMERICA renews a long-standing battle with Washington over lending to the debtracked region when the InterAmerican Development Bank (IADB) opens its annual meeting in Caracas today. Latin American officials see the meeting, which is Mexican Antonio Ortiz
      Reuter  -  708 words
    • 372 6 Reuter THE Chicago Board of Trade (CBT) has applied to the Commodity Futures Trading Commission (CFTC) for approval of a 30-day interest rate futures contract linked to the federal funds rate, and hopes to launch the contract by year-end. "The (30-day)
      Reuter  -  372 words
    • 100 6 Reuter THE Panamanian Banking Commission has authorised banks, which have been closed since March 4, to resume limited international transactions. The commission said in a resolution on Friday that letters of credit already opened before the economic and political crisis began at the end of February could
      Reuter  -  100 words
    • 238 6 Asian market ASIAN CURRENCY average deposit rates for 1 (tie week ended March 18 810 PRICES High Low US S 7 days 6 5/8 6 5/8 1 month 6 3/4 6 11/16 2 months 6 3/4 6 11/16 3 months 6 3/4 6 11/16 6 months 7 6 7/8 9
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    • 1266 6 Union Bank of Switzerland AFP THE DOLLAR was able, despite an initial dip, to gradually recoup its losses from the preceding week. Signs of a robust US economic trend last week and hints by various Fed spokesmen of a tighter monetary policy were factors boosting the dollar. US$
      Union Bank of Switzerland; AFP  -  1,266 words
    • 171 6 AP TAIWAN will send an official delegation to attend the annual meeting of the Asian Development Bank (ADB) in Manila next month despite the change in its membership name. Foreign Minister Ding Mou-Shih announced to legislators on Friday: "It does not mean
      AP  -  171 words
    • 276 6 PRICES of Singapore Government bonds surged to new highs on Keen taking interest during the week under review. The key March 1993 note led the price advance. Despite sporadic profit-taking by participants. prices consistently surged to close 10 cents firmer for most part of
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    • 154 6 Green and Collier SIMEX/IMM currencies futures ended sharply lower in generally light trading last week At Chicago's International Monetary market, June Deutschemarks settled on Friday at U550.5934. down 135 over the previous week's finish. June sterling gave up 58 ticks to close at U551.8145 while
      Green and Collier  -  154 words
    • 149 6 Gold futures on March 18 100 troy ounces. USS per troy ounce Opon High Low Sottto Mo f 444.30 0.30 Ap444.00 446.20 443.40 445.20 0.30 Moy 447.10 0.30 Jwn 448.50 450.70 447.50 449.40 0.30 Aug 432.20 454 80 452.00 453.60 ♦0.30 Od 457.00 459 00 456 80 458.30 0.30 D«C
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    • 491 6 Indicate* the average of the prime lending rates of 12 ma)or banks in S'pore PLR of banks at the dot* of business on Friday, March 18, as supplied by the Association of Bonks in Singapore. BANK PLR Algemene Bank 6% Allied Irish Bank PLC 6 Americon Express
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  • Page 6 Advertisements
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  • BANKING AND FINANCE
    • 766 7  -  by PAUL FRANKLAND COULD YOU employ somebody who is dishonest, likely to commit some kind of fraud? Not likely, you say. After all, you ask for references before employing anyone for a position of responsibility or allowing them access to your property. Besides, all of
      766 words
    • 424 7  -  By ALVIN TAY Banking Correspondent STANDARD CHARTERED Bank has added more frills to its housing loan package. the move coming just days after Credit POSB brought its loan rates to the lowest level in the market. In a statement issued over the weekend. Standard
      424 words
    • 36 7 DBS BANK will cut its Autosave interest rate by a quarter percentage point to 3 per cent with effect from today. Its other interest rates, including the prime lending rate, remain unchanged.
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  • Page 7 Advertisements
    • 79 7 J ASIAN OCEANIC LIMITED REMOVAL NOTICE We are pleased to advise that WITH EFFECT FROM MARCH 21, 1988 WE WILL MOVE TO, AND OUR NEW ADDRESS WILL BE: 12th Floor, East Tower Bond Centre 89 Queensway Central Hong Kong Telephone: 5-*****33 (General Office) 5-*****81 (Dealing Room) Fax: 5-*****20 TELEX: *****
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    • 359 7 i A VV m x > n XV rAI .<• a ■i 7 —111 f rA Oho India is right on top! Up there 30,000 ft. high up in the sky you'll find the very essence of India. Air-India. A country quite different from any other You sense the mystique
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  • 938 8 AFP LONDON TRADERS again focused their attention on sterling over the past week while activity on the commodity markets was subdued, especially on Tuesday when the Chancellor of the Exchequer presented the British Budget for 1988-89 Although copper and lead fell initially on currency
    AFP  -  938 words
  • 230 8 Reuter OPEC's five-member price panel is undecided over what strategy to adopt to counter tumbling oil prices in world markets. Indonesian Oil Minister Subroto said on Friday: "The five ministers from the pricing committee continue their meetings for an agreement. However, we have not yet
    Reuter  -  230 words
  • 133 8 Green and Collier GOLD PRICES posted marginal gains in cautious trading marked by occasional purchases last week. At New York's Commodity Exchange, spot gold settled on Friday at U*****.30 an ounce, up $3 over the previous Friday s close. Gold prices steadied on escalation of
    Green and Collier  -  133 words
  • 328 8 London Commodity Exchange Buyer/Seller closing prices on March 18 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-sfore London, sellers option CIF London Mar 1107/1109 (1 106/1 108) High/Low 1118/1098 May 1138/1139 (1138/1 140) High/Low 1152/H26 Soles (2620) Cocoa Mar 895/900 (902/903) High/Low 905/898 May 921/923
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  • 71 8 Reuter THE Indian State Trading Corporation (STC) bought two 6.000-tonne cargoes of Malaysian refined bleached deodorised (RBD) palm olein on Friday morning for April shipments at US$394 45 a tonne CIF. The STC paid US$395 90 CIF for 6,000 tonnes for April shipment on Thursday and
    Reuter  -  71 words
  • 183 8 PRICES on the Malaysian rubber market rose further last week with April International RSS Ones rising two Malaysian cents a kg to close at 286 50 cents a kg Trading was dull and featureless in the early part of the week due to lack of fresh leads The quiet
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  • 326 8 CRUDE PALM OIL futures continued its bearishness last week with spot month April losing another Ms 29 to close at MsB64 a tonne. Dealers said Pakistan's purchase of 6.000 tonnes of refined bleached and deodorised palm oil failed to support the market. They said the market was already
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  • 121 8 THE KUALA LUMPUR Tin Market (KLTM) doted eight Malaysian cants highar at M 517.41 a kg ovar the waak in activa trading from tha previous week's closa of M 517.33 a kg. Turnovar during tha waak incraasad by 170 tonnas to 391 tonnas from 221 tonnas. Daalars said
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  • 171 8 Chinese Produce Gambier Exchange FOB NSW 180 00 Sellers' noon closing prices on FAMA March 18 (SS/100 kg) Closing prices on March 19 Coconut oil Coconut oil (MS/100kg) Bulk FOB 105.00 New drums 151.00 Old drum FOB 119.00 2nd hand drums 145.00 New drum FOB 115.00 Bulk 136.00
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  • 166 8 SOYBEAN FUTURES in Chicago closed 6.0 to 3% US cents lower on Friday, with May off 3% cents at U556.30% a bushel. Prices opened lower, then moved higher when C and 0 Commodities bought May and November. But prices dropped back again when the professional's buying lapsed. Late commercial
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  • 161 8 WHEAT FUTURES in Chicago closed 1% to 3V4 US cents higher with May up 2.0 cents at U553.06% a bushel. Indications that China would tender on Friday night for 200.000 tonnes of soft red winter wheat and speculation that the US would offer more export bonus wheat to the
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  • Page 8 Advertisements
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      108 words
    • 92 8 Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way every Tuesday in BT BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc.
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  • FOCUS
    • 1477 9  -  The dramatic win of the Liberal Party in Saturday's election in New South Wales has ushered in a new climate for conservative politics in Australia. In NSW, no doubt, there will be changes some of which will affect Asian companies with big projects
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  • Page 9 Advertisements
    • 3 9 TECHNOLOGY EVERY FRIDAY
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    • 227 9 Good ideas keep coming up Yoi**"* the widest possible viewing angles storage each f/# VN IBM compatibility. Compatibility with IBM PC/XT* gives you extensive software access. v xpandable internal memory and o er k i Pursuing the Sharp concept of high performance in a compact body, Sharp's new PC-4521 laptop
      227 words

  • PERSPECTIVE
    • 1214 10  -  The latest turn in a trail of investigation that has yet to end took place two weeks ago when former British merchant banker Lord Spens was charged in connection with the Guinness scandal. ALAN
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    • 574 10 FT LORD SPENS. the former Henry Ansbacher director arrested on March 10 by detectives investigating the Guinness affair, is a merchant banker of the old school. A genial cigar-brandishing man. he was once described by Mr Charles Williams, former Ansbacher chairman, as
      FT  -  574 words
    • 899 10  -  WILLIAM DAWKINS describes the likely impact of the controversial proposals to give the European Commission powers to vet takeovers across national frontiers. WILLIAM DAWKINS FT THE NEED to have clear EC controls on mergers has never been more pressing The number of huge cross-border
      FT  -  899 words
  • Page 10 Advertisements
    • 119 10 .vC •;v-7-v.> 4 >D\IIY j ni 11 1 > LUNCH SPECIALS $9.00+ PER PERSON: MENU CHANGES DAILY Now! Sunday Special Family set I lunch at $9.00+ per person Children under 10 years of age n free! For I to 4 persons, 3 courses with soup f For sto 6 persons,
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  • THE ARTS
    • 947 11  -  The fledgling Singapore Dance Theatre troupe gets into top form By LISA LEE THE PIANIST plays loudly in the corner of the large studio as if to give support to the dancers as they stretch, pull and tighten muscles to perform a succession of
      947 words
    • 519 11  -  By SHAUN KOH VIEUXTEMPS, Cello Concertos Nos 1 2 Heinrlch Schiff (cello); Radlo-Sinfonleorchester Stuttgart/Marrlner. EMI digital CDC 7 ***** 2 (58 minutes) Category: Classical THESE WORKS are predominantly melodic, the music is seldom forceful, and it flows with a cantabile melody. The
      519 words
    • 472 11  -  By SHAUN KOH IT ISN'T OFTEN that one can say with as much nonchalance as can be mustered that one shared top prizes in music competitions with such a renowned performer as Rostropovich twice. Unless one happens to have just as much of that riveting talent,
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  • Page 11 Miscellaneous
    • 1331 11 CALL ME MISTER Long Shot (Pt 1) 7.30pm, Channel 12 Leading Australian actor Steve Bisley plays an English aristocrat-turned-Australian-policeman, who returns to England to track down his father s killers. But he is soon embroiled in a deadly conspiracy involving the high-flying financial community of the City of London. THE
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    • 684 11 CRYPTIC PUZZLE ACROSS 1 The snag about angling? (5) 6 Playing cards, do they raise? (5) 9 Haul out in very unpleasant fashion (7) 10 Necessary quarter-pint in a little bottle (5) 11 Where midinettes are seen in pairs (5) 12 Grand weather for corn (5) 13 Strange artist? (7)
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  • SPORTS & LEISURE
    • 281 12 UPI LAURA DAVIES of Britain mastered windy conditions to fire a 3-under-par 69 on Saturday and take a two-stroke lead after three rounds of the US$3OO,OOO LPGA Tucson Open in Arizona. The 24-year-old held a threeday total of 10-under-par 206 on the
      UPI  -  281 words
    • 304 12 AP PAUL AZINGER was threatening to run away from the field midway through Saturday's third round of the U*****,000 Bay Hill Classic in Florida But he knew it wasn't going to happen "I was woozy when I woke up this morning; very, very dizzy,'*
      AP  -  304 words
    • 137 12 AFP NORWAY'S Ingrid Kristiansen'; ran away from a top class field in blistering heat in Adelaide Z yesterday to win the world 15-km-metre Road Race Champion-' ships by almost two minutes. Kristiansen, 32 today, finished the course in 48 minutes, 23 seconds. well ahead
      AFP  -  137 words
    • 290 13 UPI FOURTH SEED Hana Mandlikova was upset by Sabine Auer of West Germany 4-6, 7-6 (7-3), 7-5 on Saturday in the US$2 1 million Lipton International Players Championships in Florida. Jimmy Connors defeated Javier Sanchez of Spain 6-1, 6-4, 6-4 while Anders Jarryd of Sweden
      UPI  -  290 words
    • 230 13 AP FORMER HEAVYWEIGHT champion George Foreman scored his eighth straight comeback victory on Saturday, stopping a flabby Dwight Muhammad Oawi in the seventh round of their scheduled 10-round fight in Las Vegas Qawi had just taken a left-right to the head when he turned,
      AP  -  230 words
    • 608 13 Reuter TONY TUBBS will face undisputed world heavyweight boxing champion Mike Tyson in Tokyo this morning, three kg over his target weight. But the 30-year-old challenger shrugged off the difference at the official weigh-in yesterday, saying: "Don t worry about my weight Watch me work."
      Reuter  -  608 words
    • 213 13 AP CHARLES BARKLEY scored 27 points on Saturday night to lead the Philadelphia 76ers to their third consecutive victory, a 94-89 decision over Washington that lifted them past the Bullets into second place in the National Basketball Association's Atlantic division. Cliff Robinson
      AP  -  213 words
    • 307 13 Reuter THE BATTLES FOUGHT at the Calgary Winter Olympics lest month will be continued this week in Budapest as Katarina Witt and a galaxy of other stars attempt to end glittering competitive careers as world champions. The clear-out of skaters after this season
      Reuter  -  307 words
    • 338 13 AP PETER GILMOUR of Australia became the third foreign skipper in three years to win the Congressional Cup by beating American Bill Lynn in the final race of the 45-match classic at Long Beach on Saturday. Gilmour, 27, representing the Royal Freshwater Bay
      AP  -  338 words
    • 248 13 Bernama DEMOCRATIC KAMPUCHEA is not eligible to take part in the SEA Games, according to the International Olympic Committee (IOC), leaving a delicate poser for Malaysia, which is scheduled to be the host of the games next year. The matter came
      Bernama  -  248 words
  • Page 12 Advertisements
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    • 122 12 ROU GU CHA BREAKFAST at CAFE BOULEVARD 7am 11am daily A v SSs.oo++ per person FISH VERMICELLI at DON DANG SAYANG Daily Lunch and Dinner 1, Tanglin Road Singapore 1024 Tel: *****33 Telex: MINGTEL RS ***** Telefax: *****42 557.00+ per person A r i p i ,t 1 SOUTHEAST ASIAN
      122 words
    • 111 12 TANTALISING m A FEAST OF FAMILIAR FAYOI'RITES! Help yourself to more than 15 delicious dishes, including tasty seafood and braised meats, lip-smacking sauces and traditional condiments. V o^ e To go with steaming-hot Vy porridge or rice. Dinner is from 7pm to 12 midnight. Walk, drive or take the train...Somerset
      111 words
    • 180 12 Jolly Hours are back! Optu for temcto ytd dvwff Order a Guinness draft stout or draft beer get another FREE. Or get 25% off all other drinks by the glass. And 10% off bottle purchases. Nothing could be jollier! Mon Thur 10pm to lam Come try our detectable entrees where
      180 words
    • 224 12 t or Fikrng brcaswi! 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! ()ver ♦>() Scandinavian delights to sample. Adult $31 "Child $15* Akvavit
      224 words

  • Page 13 Advertisements
    • 524 13 and entertain 4 ONE GOOD REASON TO LUNCH ATTHE PALM GRILL IS OUR APPETISER BUFFET AN( TTHER IS THE CHOICE OK MAIN (XX USES. For between $26+ and $40+ r" Pll I >' ou can se ect f rom our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose
      524 words

  • MARKET REVIEWS
    • Article, Illustration
      5121 14 BT Composite Index components (Week ended Mar 18, 1964) Closing Cloaing prtc* Stocfc prtco Stoc* Amol Steel 1 46 005 S>me Darby 249 012 ftoustead 1 17 001 Si Troding 326 010 C C 2 l» 009 U V w 0 62% 006 Cereboi 490 006 DBS 1070 •010 Cold
      5,121 words
    • 637 14  -  r 1 Singapore P k j By MAGDALENE NG THE STOCK INDEX faced the crucial test of breaching the ST 950 resistance level during the week. After a failed attempt on Tuesday, it passed the test on a convincing volume by the end of
      637 words
    • 910 14 PI m\ A ew U i FT IF EVIDENCE were needed of the uncertainty in US financial markets, last week provided it. Though much of the market and most economists are pretty sure that the US trading performance has turned decisively for the
      FT  -  910 words
    • 450 14  -  compiled by JULIANA TAY Week ended Mar 18 CORPORATE DEVELOPMENTS The Stock Exchange of Singapore has postponed the link-up between Sesdaa and its US counterpart, Nasdaq originally scheduled for March 15 The SES explained that clearance from the International Securities Clearing Corp on the settlement
      450 words
    • 380 15 1 Rei] Tokyo V 5 A AFP SHARE PRICES soared in heavy trading in Tokyo last week as the US dollar remained stable and figures showed Japan enjoying strong economic growth fuelled by steady consumer demand. The 225-issue Nikkei Stock Average closed
      AFP  -  380 words
    • 306 15 AFP THE Australian share market ended the week with its biggest gain since the October crash. The main market indicator, the All Ordinaries Index, finished at 1,414.0 points on Friday, making a 57.7-point gain for the week. This was its highest level
      AFP  -  306 words
    • 176 15 FDA TRADING VOLUME on the Amsterdam bourse fell last week as the international financial markets were in suspense over Thursday's US trade figures. In the event, the figures were not worse than expected, and prices firmed. The ANP/CBS Index rose slightly to 245.
      FDA  -  176 words
    • 277 15  -  From SHIRISH NADKARNI and AJIT AGHARKAR THE RELAXATION of the long-standing curbs on trading, announced to coincide with the start of the new account (on March 11), had caused a moment of cheer in the corridors of the Bombay Stock Exchange. The new account
      277 words
    • 108 15 AFP FRANKFURT stock prices scored a 3 per cent gain for the week, as the Commerzbank Index closed at 1,457.5, up 65.4 from the previous Friday. Analysts said favourable factors included good performance by US and Japanese stock markets, the dollar's rise, and good
      AFP  -  108 words
    • 673 15 K1 1 Hongkong M AFTER the previous week's impressive gains of 123 points, investors decided to cash in their gains last week. On Monday, Wharf announced their bid to run all the colony's tunnels, thus frustrating investors who had previously speculated on a
      673 words
    • 280 15 K.Lumpur J BULLS made a strong comeback to the Kuala Lumpur stock market last week and share prices surged across the board to close with fairly widespread doubledigit gains. After a brief respite the previous week, buyers came back
      280 words
    • 848 15  -  kcniDfl London 4 From RAY HEATH REFORM MEANS CHANGE, change means uncertainty, and uncertainty causes concern to stock markets. So share prices in London took their time in welcoming the new low-tax regime introduced by Chancellor Nigel Lawson in his Budget last
      848 words

  • Page 15 Advertisements
    • 155 15 The Zurich report was not available LOST SHARE/TRANSFERABLE SUBSCRIPTION RIGHTS (TSR) CERTIFICATES The following share/TSR Certificates' 'together with relevant signed transfer deeds have been reported lost or destroyed:Name of Company Certificate No. In the Name of No. of Shares/TSR Neptune Orient Lines ******2 Woon Siew Fong Ixl.ooo Limited ******9 DBS
      155 words
    • 316 15 ES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FIVE OCEANS SHIPPING CO. PTE. LTD (Incorporated in the Republic of Singapore) (In Liquidation) (MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. (Chapter 50) that the Final General
      316 words
    • 207 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BORN (SOUTH EAST ASIA) PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 that the FINAL GENERAL MEETING of the Members of the abovenamed Company
      207 words
    • 294 15 THE COMPANIES ACT, CAP. 50 P.T. DEVELOPMENT ON VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN. •4%a* l>i ni« rilftn <■ *4 111 ah rw mat me cwm of tne aoovenamed company, which is betog voluntarily wound up, are required on or before 21st April 1988 to send m tnetr nvm ano
      294 words
    • 236 15 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME We, Perfect Shipbuilder Pte Ltd of Blk 86. #04-301 Marine Parade Central, Singapore 1544 hereby give notice that in consequence or purchase of "BRUNEI 534" we have applied to the registrar of S'pore Ship under Section 386 of the merchant shipping act
      236 words
    • 258 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CONCORD LIGHTING (S) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at Concord House. 241 City Road. London ECIV IJD, United Kingdom on March 15. 1988 the following special resolution was duly passed:
      258 words
    • 312 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 PENOTRADE ENTERPRISES (PTE.) LTD. (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of PENOTRADE ENTERPRISES (PTE.) LTD. duly convened and held at 113, Eunos Avenue 3, #05-13, Gordon Industrial Building. Singapore 1440 on the 15 day of March
      312 words
    • 307 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACIFIC TERMINALS PRIVATE LIMITED (IN MEMBER S VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which is being voluntarily wound up. are required on or before April 23. 1988 to send
      307 words

  • COMPANY NEWS
    • 746 16  -  Decline at parent company more severe By ROSIE TAN OVERSEAS UNION BANK LTD, the smallest of the Big Four local banks, has announced a 4 5 per drop in group after-tax profits to $34.17 million for the year ended December 1987. At the
      746 words
    • TAKING STOCK...
      • 468 16 By HOCK LOCK SIEW THOUGH the bottom line ballooned from $8.76 million to $23.9 million last year, Keppel's results came in right at the lower end of expectations and would normally have provoked an instant burst of profit-taking. But last Thursday with practically
        By HOCK LOCK SIEW  -  468 words
      • 564 16 BRITISH MERCHANT BANK Morgan Grenfell's revelation of a £30 million dent to its 1987 results arising from among other things the October stock market crash has revived strong market rumours in London of a bid for the bank. The near 30 per
        564 words
    • 155 16 Bernama ES COMMERCE International Merchant Bankers Bhd (CIMBB), adviser to Carlsberg Brewery Malaysia Bhd, has recommended the proposed one-for-three bonus issue of 10.2 million ordinary shares of Msl each. Carlsberg said it considers the bonus issue to be in the best interest of the company and
      Bernama ES  -  155 words
    • 110 16 Bernama ES AMALGAMATED Steel Mills Bhd (ASM) has reported a 35 4-per-cent rise in group pre-tax profits to Ms2s 70 million for the year ended Dec 31, 1987 against M 518.98 million previously. ASM in a statement announcing the interim results in Kuala Lumpur last Friday said
      Bernama ES  -  110 words
    • 47 16 THE POST Office Savings Bank has raised its stake in General Securities Investments Ltd to 3 65 million shares or 7.3 per cent of its paid up capital following the purchase of 143.000 shares between Nov 5 87 and Feb 10 88
      47 words
    • 23 16 TRADEWINDS (M) Bhd shares will be listed on Mar 23 on the Kuala Lumpur Stock Exchange
      23 words
  • Page 16 Advertisements
    • 352 16 m OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Enterprise Limited wishes to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1987 The Company The Group After Tax Earnings per Ssl.oo share 5.6 cts 5 4cts Net Tangible Asset
      352 words
    • 523 16 W OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce: The Bank The Group 1) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1987 Net profit after providing for taxation, diminution in value of assets, minority
      523 words

  • WORLD MARKETS
    • 993 17 New York Reuter THE TRIPLE witching hour's futures and options expirations jostled the market last Friday, but Wall Street preserved and closed mixed in heavy volume. A sudden drop in bond prices at mid-afternoon, trades said, derailed an Krly rally that threatened to bring the w
      Reuter  -  993 words
    • 985 17 London Reuter SHARE PRICES on the London market reached new highs in late trading last Friday, buoyed by a flurry of real-time buying for the new account. Earlier, prices were buoyed by hopes of a further cut in UK base lending rates as sterling opened firm
      Reuter  -  985 words
    • 211 17 FT WHIRLPOOL, the second biggest US appliance manufacturer, has filed what it described as a "Texacotype lawsuit" against General Electric (GE). charging the giant US manufacturing and services conglomerate with unlawful interference in a US$35O million merger agreement it had made with Roper, another big
      FT  -  211 words
    • 379 17 Buitoni sold for Ll,BOO billion FT CARLO DE BENEDETTI on Friday took his CIR industrial holding company out of the food business by selling the manufacturing activities of its Buitoni unit to Nestle of Switzerland for Ll.BOO billion. Staff in the de Benedetti Milan
      FT  -  379 words
    • 246 17 Reuter SOTHEBY'S, the international art auctioneers, said on Friday that it was considering whether to proceed in the next few weeks with a stock market flotation it postponed after the global stock market crash last October. The London- and New York-based auction group, reacting to
      Reuter  -  246 words
    • 62 17 AFP THE JAPANESE government on Friday finalised legislation that would impose tighter controls on insider stock trading, government officials have said. The bill, which would revise the current Securities and Exchange Law, is scheduled to be submitted to the current Diet (parliament). If passed
      AFP  -  62 words
    • 1019 17 Amsterdam MAR It FLS ABN 42 20 *0 4 74 tO Ahold 76 10 26 107 20 -*-16 Alrenta 149 40 01 AMEV 55 10 4-0 9 69 70 ■♦■13 Am Stad 126 00 Berkel 13 40 09 BOLS 123 00 3 Boraumij 96 50 2 Buehrman Tetter ode 46
      1,019 words
    • 76 17 AFP JAPAN'S Finance Ministry has said it will ease rules for large companies issuing securities to simplify disclosure procedures. The new plan will allow up to 350 companies to register as shelf companies and float securities up to certain levels without arranging prospectuses.
      AFP  -  76 words
    • 133 17 FT APPLE COMPUTER, the California-based personal computer maker, has filed a landmark copyright infringement suit against two US companies in a move which may have widespread repercussions throughout the personal computer industry. Apple is charging Hew-lett-Packard. a big West Coast computer and
      FT  -  133 words
  • Page 17 Advertisements
    • 7 17 Vienna and Stockholm prices* were not available
      7 words
    • 334 17 OVERSEAS UNION TRUST LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited wishes to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1967 Increase/ 1987 1966 (Decrease) In the opinion of the Directors, the results of the Company for the period
      334 words

  • 314 18 Reuter A SENIOR Israeli official was quoted yesterday as hinting Israel might act to preempt the deployment by Saudi Arabia of new Chinese-made mediumrange missiles. "Israel has acquired a reputation of not waiting until a potential danger becomes actual". The Jerusalem
    Reuter  -  314 words
  • 137 18 VOLUNTARY service organisations like the Rotary Club and Lions International should organise more youth camps using Singapore as a venue, said Dr Tay Eng Soon. The Minister of State for Education was speaking at the opening ceremony yesterday of the 9th Rotary
    137 words
  • SATURDAY ROUNDUP
    • 82 18 A quick look at Saturday's main news THE MINISTRY of Defence is hunting for topcalibre engineers. It announced on Saturday changes to its special scheme for defence engineers that will bring starting salaries in line with the best the market is paying for outstanding engineers. Two award
      82 words
    • 73 18 A SINGAPORE company has become one of the first in the world to convert an old barge into a floating dry-dock. Pan-United Shipping, which started as a ship chandler in Punggol 30 years ago, bought the 76-metre barge and then lengthened it to 121 metres
      73 words
    • 102 18 ABOUT 113 Tokyo students who translated a Singapore history text-book were shocked to discover that Japanese troops were responsible for atrocities in Singapore during World War 11. The book. Social and Economic History of Modern Singapore, was translated by teacher Nobuo Ishiwata and the students.
      102 words
    • 80 18 SINGAPORE'S first high-technology indoor leisure centre will open around Christmas time. The centre consists of a make-believe safari, which will cost $3 million to build. "Hunters" can go for a ride in a jeep and shoot animals and cannibals which come into life by animatronics.
      80 words
  • 464 18  -  An increase of 36.8 per cent By JEFFREY TSANG SINGAPORE'S external trade continued to register strong growth in February, expanding to $12.3 billion 36.8 per cent above the year-ago figure. This was largely due to increases in computer- and com-puter-related products, parts and components, telecommunication
    464 words
  • 273 18  -  By RICHARD SEAH IN THE BEAUTIFUL Shalimar Gardens, laid out in 1637 by Moghul emperor Shah Jehan. Mr Lee Kuan Yew yesterday told his Pakistani hosts: "I am much taken by the beauty that I have seen. I hope more Singaporeans will
    273 words
  • 151 18 THE MINISTRY of Trade and Industry has approved nine projects for funding under the Science Council of Singapore's Research Development Assistance Scheme (RDAS). The projects will cost an estimated outlay of $10.6 million, of which RDAS will foot $5.4 million. The RDAS projects are
    151 words
  • 192 18 TRADERS, big or small, should practise fair pricing for long-term gains, says Mr Ng Pock Too. the deputy secretary-general of the National Trades Union Congress. Speaking at the Radio and Electrical Traders Association of Singapore's 32nd anniversary dinner last night. Mr Ng said stores
    192 words
  • 122 18 Reuter THE REAGAN Administration has made it clear that it will oppose new funding for the Inter-Ameri-can Development Bank until the agency agrees to profound changes in its lending procedures. A brief statement by Allen Wallis, US Under-Secretary of State for Economic Affairs, torpedoed
    Reuter  -  122 words
  • 335 18 AFP FORMER PRESIDENT Chun Doo-Hwan's controversial younger brother, who fled South Korea last Friday allegedly using a false name, returned unexpectedly from Japan yesterday. Airport authorities in Seoul said Chun Kyung-Hwan, linked by press reports to a multi-mil-lion dollar corruption scandal, landed at Kimhae
    AFP  -  335 words
  • LATE FILE
    • 50 18 Reuter PHILIPPINE President Corazon Aquino yesterday dismissed suggestions that she might seek re-election in 1992 even if there was a strong clamour for her to run again. "One term ia all it would be," Mrs Aquino said in a radio programme broadcast late last night. Reuter
      Reuter  -  50 words
    • 52 18 UPI AN ISRAELI soldier was shot dead yesterday as he stood guard outside a government building in the West Bank town of Bethlehem the first Israeli soldier to die in the Palestinian uprising that began 15 weeks ago. An unidentified assailant shot the soldier twice with
      UPI  -  52 words
    • 40 18 AFP GURKHA militants yesterday extended a 40-day general strike by 20 more days and stepped up their violent campaign for a separate homeland in north-eastern India, said the Press Trust of India in New Delhi. AFP
      AFP  -  40 words
    • 31 18 AFP MUJAHEDEEN guerillas have captured a town near Afghanistan's second largest city of Kandahar after three days of heavy fighting, said rebel sources in Islamabad yesterday. AFP
      AFP  -  31 words
    • 52 18 AP SOVIET Foreign Minister Eduard Shevardnadze left Moscow yesterday for a meeting with President Ronald Reagan and other officials in Washington on cutting long-range missiles. Mr Shevardnadze is also to discuss other regional conflicts and participate in the opening of a centre to improve communications between the
      AP  -  52 words
    • 41 18 AFP THE leader of the Russian nationalist movement Pamyat, Dmitri Vassiliev, yesterday announced that he was joining a hunger strike by 12 members of his organisation in protest against what he called official persecution of his group. AFP
      AFP  -  41 words
  • Page 18 Advertisements
    • 593 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. Major chip maker SGS-Thomson Microelectronics is boosting its investment in Singapore by $160 million. 2. The scale of the industrial design strategy in Singapore will be big,
      593 words

  • SHIPPING TIMES
    • 99 19 LEADING South Korean shipbreaker Hyundai is winding down its involvement in ship demolition following a sharp rise in the price of scrap tonnage. The company, which accounted for more than 80 per cent of the country's shipbreaking capacity, took the decision to
      99 words
    • 324 19  -  GM to head London branch office By G DURAIRAJ THE MOVE by Kontena Nasional to create a two-tiered management is expected to be completed soon with the transfer of its general manager, Zubir Mohammed Zahir, to head the branch office in London. It is understood
      324 words
    • 147 19 Seatrade Week ECONOMIC realities have forced the Philippine Maritime Industry Authority (Marina) to adopt a more pragmatic approach in its Norwegian-financed coast fleet renewal project. Instead of relying purely on newbuildings. Marina says the Philippines will turn to the international
      Seatrade Week  -  147 words
    • PORTSIDES
      • 152 19 Reuter TODD SHIPYARDS Corp said the company and its Todd Pacific Shipyards Corp subsidiary have agreed to a proposed settlement of environmental charges filed in December 1983 by the Los Angeles City Attorney. The companies had each been charged with up to 277 counts of unlawful
        Reuter  -  152 words
      • 101 19 Reuter A SHIP carrying the first load of American-built Honda Accords to Japan left Portland for the second time. The vessel originally set out for Japan on March 7 but ran into foul weather in the Pacific and was forced to return. A Honda Motor
        Reuter  -  101 words
      • 87 19 AFP A FERRY set out from the Israeli port of Haifa last week to restore a link between Egypt and Israel that was severed 40 years ago. Radio Israel's Arabic service reported the new service would be the first between Israel and an Arab country
        AFP  -  87 words
      • 90 19 A ROLL-ON/ROLL-OFF vessel Vmca Gorttion broke into two after it sank in the North Sea three weeks ago. The Swedish Club which insured the hull and machinery was mystified on how a vessel which was put into service just 10 months ago could break up
        90 words
      • 79 19 A DUTCH excursion ship held by the Venezuelan Coast Guard in La Guaira port "is simply a cruise ship and has nothing to do with any treasure-hunt-ing whatsoever," Dutch embassy officials said. The Plancius was released on Friday and is sailing for the neighbouring Netherland antilles
        79 words
    • 165 20 THE MAJOR shipping consortia operating between the Far East/Ei ropean, 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
      165 words
    • 140 20 Reuter THE TWO ROUTES used in the calculation of the Baltic Freight Index (BFI) which normally pass through the Panama Canal would still be included in the index if the canal were to be closed, a spokesman for the Baltic Exchange said.
      Reuter  -  140 words
    • 442 20 Fairplay IN 1984, the UK security firm Chubb became part of the electronics group Racal. Since then the Racal-Chubb division has diversified into new areas of security related products, and is currently putting the finishing touches to a new system it believes could be
      Fairplay  -  442 words
    • 846 20 ACTIVE CHINESE buying of bulk carriers is reported including the Hunter Bow of 67,628 tonnes dw built 1977, for about US$7.5 million, secondhand tonnage brokers said. Other deals involved the Ostria, motor bulker of 60,767 tonnes dw built 1977, bought for about US$ll million. and the Ahranti (ex Aghia
      846 words
    • 855 20 AB Shpg y 5 ABC Contoiner VIM 1 Accord Shpg VI Ahrenk.el liner XI Africa Ocean XN Alltram V* AC Toepfer XI A»«' (on Tpl XN Anro Service IV Arrow Lines IX Asion Ocean XI Alias line X ANl 1 A PC l.ne V API HI ASCI
      855 words
    • 372 21 Lloyd's List THE SOUTH KOREAN shipbuilding industry is facing another outbreak of industrial action only a few months after strikes closed three of the country's four main yards Shipbuilding workers, who last year received average pay awards of around 17 per cent, are now
      Lloyd's List  -  372 words
    • 228 21 Reuter MORE THAN 400 officers and captains of Britain's P and O European Ferries Company voted on Saturday to accept a compromise deal with their management over new working practices and job cuts. At a three-hour meeting in the channel port of Dover,
      Reuter  -  228 words
    • 8454 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.
      8,454 words
    • 1376 27 INCREASED grain chartering was reported on Thursday out of the US. including grain for China with rates moving higher where changed But confirmation for much of the business was not obtainable. shipbrokers said Market talk suggested US$27 was paid for the Ayiassos sai ing from the US Gulf
      1,376 words
    • 1623 27 AT CONVENTIONAL WHARVES JURONG PORT Vessel KEPPEL WHARVES Equator III Gold leaf Huoqiong Koto Berkat Koto Wong so levin Ned I nge Qmghecheng Roy Vik Seo Shoicheng Str Hope TG Perok As Corridor Hoi Foong llmomui Inobukwo lamping Trans Boy Trans Sun PASIR PANJANG Iron Nosr Kuwa
      1,623 words
    • 2019 28 As—B AB Shipping Boustead Shpg Agencies ABC Containerline NV S'pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (8) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express American President Lines APL
      2,019 words
    • 401 30 CONGESTION at the Thai port of Klong Toey has worsened considerably. Expanding trade and the introduction of the mobile crane service on Feb 25 were blamed for the sad state at the Bangkok port. Manager of a shipping company told Bangkok Post
      401 words
    • 129 30 Reuter DIVERSIFIED transport group Chargeurs SA said the reduction in shipping losses boosted group 1987 net profit by 6 per cent to 664 million francs, but gave no forecast for 1988 results. Losses on cruise, shipping and land transport activities narrowed to 28 million
      Reuter  -  129 words
    • 218 30 Reuter DELEGATES from 102 nations are debating measures to end a 10-year depression in the world shipping industry. The representatives, at a meeting of the Shipping Committee of the UN Conference on Trade and Development (Unctad), are divided on whether they should tackle
      Reuter  -  218 words
  • Page 19 Advertisements
    • 941 19 \r H+tiytH-rl h,, TIMES STP Distributors .jjt ®ss r*' OOCL ORIENT Oviiqeas G<mtcim\ Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING* EXPORT w\m jTrDINE SHIPPING AGENCIES (Ret No 242*4/ OOK) 200 Cantonment Road #12-05 South point. Singapore 020P Tel *****11 TELEX NO RS ***** TERMINAL,CFS TH *****18 22C BOOKINGS
      941 words
    • 123 19 [kmdb RACAL-CHUBB has developed a means of labelling documents, like original bills of lading, with a uniquely coded tag that can only be read with a special instrument, and if removed will indelibly mark the document. Page II THE SOUTH KOREAN shipbuilding industry is facing another outbreak of industrial action
      123 words
    • 766 19 times |STP Distributors Tim» t PuWitan 9 Group MAERSK LINE NEW DIRECT SERVICE TO OAKLAND TRANSIT TIME REDUCED RY 5 DAYS SIN/OAK 17 DAYS LPK/OAK 23 DAYS PEN/OAK 22 DAYS (Wef: Louis Maersk 8804 etd sin 30/3/88) Tia ween Laust M Closing Time CV 23/3 2300 MRS CFS 1300 MRS
      766 words

  • Page 20 Advertisements
    • 670 20 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 11/4. TOKYO 14/4 #KOBE 31/3, TOKYO 28/3 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE W Singapore *****00 Bookings *****06 CFS
      670 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 633 20 S7 C SAV Cor-?.)'' .1 Sud Amcricjr.i VjpcrcsS A fffffWFTyrrß FEEDER VESSEL [STORE] MOTHER VESSEL MK MICA IQQ ANTOf VALf SAI CSAV 1 W A VESSEL 14/4 MM 11* CSAV 2 10/4 CM CMtIED YOK— Bfi H/5 2*4 CSAV J lt/4 B VESSEL 25/4 M W M 1M CARGO FOR
      633 words

  • Page 21 Advertisements
    • 1070 21 Ct The Straits Steamship Group Mansfield Container Shipping Pte Ltd i P&O Containers CONTAIICRSHIP SERVICE TO UK/CONTSNTT) OSAKA PAY ?««3 25/03 IMK Ufit IN" I>W KITANO MARU 20*3 1W 16*4 «#4 1W 21*4 LAWS BAY 3MB 17/B3 IMB 21» 22«3 24*3 HONG HOKC EXPRESS 04/04 05/04 !l* »t MS TOKYO
      1,070 words
    • 806 21 The future looks good The solid support for a solid future is what NYK Group's total services provide. J rtn&. m > 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
      806 words

  • Page 22 Advertisements
    • 402 22 IHSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN NASR IRAN EHSAN Singapore Loading for In Port BANDAR ABBAS 30/3 BANDAR ABBAS KYOWA LINE RNC/S. PACIFIC SERVICE Singapore Loading for: EAGLE V-2 21/3 JAYA. LAE, HRA, LTK, MALAU MICRONESIA SERVICE HK LOAD FOR OCEANIA EXPRESS V-12
      402 words
    • 878 22 JtC.&.LINE t**u tmrpiet c*»'»** tim FULLY CONTAINERISED SERVICE MillY CONTAIN!RISfD 10 fROM NORTH RMfRICA MS! COAST BU LA OAK SEA 2/4 14/4 17/4 31/3 12/4 9/4 20/4 23/4 7/4 19/4 16 4 28/4 1/5 2M 23/4 5/5 8/5 21/4 3/5 •FDRMOTHER VESSEL SSB ME/KOREAN WONIS ONE 77E SSB ME/HANJIN POHANC
      878 words
    • 290 22 Wa FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONG: SAILING 24/3 27/3 EURO-AFRICALINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE KIETA, MADANG KIMBE NOUMEA 30/4 SUVA/LAUTOKA 30/4 AUSTRALIA/ NEW ZEALAND SIN ADELAIDE
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    • 1288 22 ii i i ■if ilil f EVERGREEN Full Contjmer Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER CUIM EVER GOLDEN EVER GUARD EVER GROWTH EVER GRAND EVER GREET TTO KSN CHS BAL NTC LHV AMI MM FLX HK SGP 7/4 2*4 *5 *5 7/5 I*s I*s I*s I*s 2*5 lift 17/4 *5
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  • Page 23 Advertisements
    • 794 23 \v PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 1 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL VOY SEA FORTUNE Mll SM MTEQRA MIS SLO SEA FORTUNE Ml 3 27/3 3/4 SEA DRAGON SEA HAWK SEA DRAGON SEA HAWK SM SU)
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    • 539 23 \a BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Kitara Maru Urp by Hon(tont iigrm Taky* by Takw [iprm DM NM*ur| Euros 2*4 Mwleor Bay 4/5 EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND,
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    • 532 23 If DJASAGETRI A Joint Europe Service Of: P.T. IJAKAITA LLOYO P.T. BESURI LLBYB P.T. SMHJ9BA INOOREStA P.T. TUKORA LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES ™i bill VSL/VOY S. PANJANG/IIWB KUTAI/14WB L.J BONTANG/14WB BILBAO ANTWERP H'BURG/ 27-29/3 13-16/4 ROAM/ADAM BREMEN iSublet to Inducomont. Also accepting cargo to Cmttwci, Port Said, Port Alexandria.
      532 words
    • 490 23 BOUSTEAD SHIPPING AGENCIES W BURMA FIVE STAR SHIPPINC (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok HTOHEYWA V233W 22/24 HUr 11/20 Mar MCRGUI W3W 2S 30 Mar PAGAN VI2CW 2/4 Apr *3 BANK LINE EXPRESS SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM HULL HMBG FORTHBANK VAN In Pt
      490 words

  • Page 24 Advertisements
    • 1330 24 LL K"UnE SHkPPinG-DftTfl RTLRFITkC CCJRST (Round-The-World Service) 'PK/PNG SPORE AMBASSADOR BRIDGE Vl6 Sailed 24 Mar 16 Apr 2t ORIENTAL FORTUNE V 8 26 Mar 31 Mar 23 Apr NEPTUNE JADE Vl2 3 Apr 7 Apr 30 Apr It •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP MOTHER VSI AMBASSADOR BRIDGE
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    • 764 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Sawn Mothef »il THEOOOR FONTANE V 16N 22 Mar SO TRIPURA V 34H 1 Apr RAVIDAS V J9H Apr INDIAN COURIER V 29N 12 Apr S O ANDHRA PRADESH V J7H II Apr INDIAN COURIER V JON 1 May SO MANIPUR V 37H
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    • 829 24 STRAITS PERSIAN GULF SERVICE: 001 DEN WON OCR Cotombo Karadw Dub* GOLDEN LAND Cotombo/Karacfc/Oiibai'Bahrain CHINA SERVICE A VESSEL Shanftiai Hsinkang MINFU Huanfpu'Shanfhai GOLDEN LINE GUAN GUM SUPPING (PTE) LTD 71 TaUk Amt Street SINGAPORE 0104 TEL UOW (10 LINES) fai 5341Stf JLF SERVICE: S pore PMtanc P*naf« *> Karachi Duba<
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    • 481 24 p PHIU OttltNT LINfS PTt LTD HEAD Off ICE 83 ROIiNSO* POAO -07 '2 i AFRO ASIA BIDDING SINGAPORE 01C6 TELEX RS ?87PO PHtLI f«X *****76 EAST/FAR EAST I h 27/3 3/3. M H KONG KOK. KEELUNG. MANILA. BANGKOK. TOKYO. COLOMBO. KARACHI. BOMBAY :>!»» mi s Tt USA SERVICE »/3.
      481 words

  • Page 25 Advertisements
    • 645 25 NEPTUNE ORIENT LINES LTD *2 NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS Z7CS7S3 VtS7« *****22 *****53 *****1) 27*116 *****11 *****41 NEPLINE SON. BHD. 36M67 INWARD/OUTWARD NEPLINE SON BHD *****33 ENQUIRIES 2717W4 NEPLINE SDN. BHD Uoo3Vt27t«o/127tt1«27tU NEPLINE SDN BHD. *****0/*****1 TO* SmKt 10 EUROPE/UK (VIA SUEZ). K#to SBOfe
      645 words
    • 504 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE Vessel's Name No 8 Donam 80?N No t Donim 802N "Glofij'Bo3N M Enterprise VftN No 9 Donam 803N No J Donam 804N ETD BS BKK 04«3 lt/03 12/03 27/03 1403 26-03 19 03 22/03
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    • 665 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 ***** PENANG P KELANC MESSRS MAI THONC SHIPPING 127 Penan Street. Penang. Malaysia M S HANDLINC SYSTEM CO
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  • Page 26 Advertisements
    • 427 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 .30 Lines fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B DEUTF RACHT/SEE REEOE RE I ROSTOCK INTEGRATED FULL CONTAINER SERVICE "VIA COLOMBO: Accepting cargo (or INDIA Bombay, Cochin, Madras Calcutta -VIA LAANACA Accepting carp tor
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  • Page 26 Miscellaneous
    • 152 26 I m u m vz c Cj Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.90 AJA. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots u Snrtnce winds are Indicated by arrows which fly with the wind
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  • Page 27 Advertisements
    • 1051 27 WAREHOUSING TRANSPORTATION LCL Acceptance Chtlm tar East Bangkok 1/4 Hongkong 29/3 Keelung/Kaoshiung 26/3 Manila 26/3 Asstralt; Sydney,-Melbourne 29/3 ISA: r Los Angeles, San Francisco, 26/3 New York, Oakland WAREHOUSING ft TRANSPORTATION PTE LTD 44 Benoi Road Singapore 2262 Tel: *****60. *****24 Tlx: RS ***** Fax: *****97 CRYSTAL FREIGHT SERVICES PTE
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    • 287 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. [I] IRAQI LINE **o l T T I ARITIMf TMBSfO«T EAST BOUND SERVICE ETA S PORE LOADING FOR ALFARABI I*4 j lpln WEST BOUND SERVICE ETA S PORE LOAOINC FOR RO RO BALQEES 23/3 j«fciah Aoatu BafhcUd MV ALFARABI 10/5 Jcddah Aqaba, Baghdad THROUGH
      287 words

  • Page 28 Advertisements
    • 650 28 m FINE-LINER SHIPPING PTE LTD /'0 SHen'on Wly 04 Vinni House S pore 0?07 TEL (S I ines) TLX RS ."VMI FIIN[R FA* EUROPE SERVICE tnT-Wh/WW. .ILMmi.TTTV" J UIHI'V: tin m T«N 54 TIN 17/4 I*4 21)4 15 1/5 115 IVS FAR EAST SERVICE MIDDLE EAST GULF SERVICE I SNMt
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    • 466 28 ZIM FULL CONTAINER SERVICE accept.nj FCL/LCL urfon to USA East 4 West Coast Carnbbean East Cauda HAITI Costa Rica. El Salvador. Guatemala Honduras Venezuela Peru. Ecuador Colombia via Miami. Trinidad Barbados Antigua St Lucia. Montserrat. Guayana via Kingston 13E33 ZJESEDIM EJI Z3B *****1 AUSTRALIA COMTAINEII SERVICE ACCEPTINS CARSO TO ADELAIDE
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    • 593 28 Everett Lines W COMPANIA PERUANA DC VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MAT ARAN I, ILO* AND ALL OTHER CPV THROUGH BILL OF LADING TO FINAL DESTINATION Penang* P Kelang* Singapore MANOLOEVERETT 5/6 Apr JOHNEVERETT 21V21 Apr MURRAYEVERETT 1/2 May ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA,
      593 words

  • Page 29 Advertisements
    • 168 29 Egyptian International Shipping Company SERVING DIRECT TO FROM PORT SUEZ, ALEXANDRIA, AND PORT SAID BY EGYPTIAN HAG VESSEIS v M.V. "NKE" VIJ4 ETA 2S-J-M WMTMUNO TO lOTFT MV "PYRAMIDS" Vl4S— ETA SPORE JO.3JS ACCtmWQ COWTAWE* AMO COWVPmOWAL CARGOES S PORE AOENT: KAWASAKI SPOKE (PTE) LTD TEL 221M77 143 CECIL IT
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    • 78 29 P.T. TYTYAN SAMODRA SHIPPING COY Envi Services Pte Ltd Tel: *****55 Tlx RS ***** ENVISV Fax: *****28 CALCUTTA MADRAS COLOMBO BOMBAY accepting FCL/LCL 21/3/88 NOSTRA SHIPPING PTE LTD t TLX: ***** FAX: *****12 TEL: *****12 (5 Lines) BREAKBULK CONTAINER SERVICE BHNXINC A VESSEL HUANGPU HUANGPU. SHANGHAI TRAMP SERVICES VESSEL TBN
      78 words
    • 575 29 SIN 6 KWANG HANG LCL/FCL SERVICE I ua EWI UMI IIU9 I Also accepting car 0 o to KEELUNQ. KAOHSIU HONG KONG. P. KELANG. BUBAN A JAPAN E. MALAYSIA ft BRUNEI PORTS '7.1 fA'aUV 1 TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST mi'Ky LUCKY SEAWAY SERVICES PTE LTD Tlx:
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    • 454 29 GLORY NAVIGATION GROUP BE6UIAB LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* SP PKL PN BLW KAOH GLORY SELATAN VIII Sid »/3 GLORY SELATAN IX V 66 SW l»/3 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER
      454 words
    • 484 29 PTC CONTAINER LINES FCL ICI SERVICE PTC G«OUP SIN FAB EAST 29/3 KEELUNG/KAOHSIUNG 26/3 BANGKOK 27/3 MANILA 25/3 JAKARTA 26/3 PORT KELANG/PENANG 24/3 BUSAN 24/3 TOKYO/YOKO/KOBE 24 3 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/ Xingang/Shanghai SIN EMMfg 25/3 RDM/HAM/ANT/LE HAVRE/GENOA UN ISA/CAMAOA 27/3 LA./NYC/SFO 30/3 VANCOUVER/TORONTO/MONTREAL ii .vr.w
      484 words

  • Page 30 Advertisements
    • 316 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PI REU DBN CT IML V7S* 15 4 22/4 2!W 7/5 1/5 13/5 23/5 •Also calls E L t P.E GENERAL AGENTS:
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    • 470 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE For Gulf: VSI Saere LeHawe Canmcting vsi Miami, Mobile, WHO* VK2 n/3 7H ATL. cartier New Orleans, H DUMA V 072 nn 1«* STUTTGART EXP Houston Mexico SURIA vac V 4 21* NUERNSEG ATL. Vera Crui, Mexico City. Alio Mrving Halifax. Montreal.
      470 words
    • 271 30 AiuS WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK Agent WHOM-ASM SHIPPING (S) PTE LIB Tel: *****88 (8 Lines) Tlx: RS ***** JUNO SHIPPING DTP I TTI TIX: *s ***** ric Liu FAX *****14 TIMBER/BREAKBULK SERVICE RANGOON S PORE BKK HKG KEE QINGOAO LATANGAN 17/3 1/4 4/4 KEN WOOD SaiM
      271 words
    • 819 30 BM CALL US ATr P. 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 FAR SERVICE TO EUROPE FEEDER B BUTANC tn SINGAPORE 21 03 MTHR VSI N DC J IMA B SURIA HAMBURG COTHENBURC B BUTANC 435 OTHER
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