The Business Times, 31 March 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, MARCH 31, 1988 75 CENTS
    11 words
  • 270 1 AFP Dow Jones higher WALL STREET STOCKS added to early gains yesterday and were substantially higher. Brokers said buying came on further firming in the dollar, indicating that it may have stabilised against the yen. The dollar gained on intervention by the Bank of Japan and the
    AFP  -  270 words
  • 577 1  -  Circular from Singapore Forex Market Committee By ALVIN TAY Banking Correspondent BANKS IN SINGAPORE have been asked to join in the national talent hunt for foreign financial professionals, especially those trained in treasury operations, fund management and bank computer services. In
    577 words
  • 201 1 REGIONAL stock markets closed firmer yesterday on news that Wall Street had recovered overnight and the US dollar had stabilised. Prices soared on the Tokyo stock exchange for the third straight day in extremely heavy trading. The Nikkei Index gained a further 366.98 points
    201 words
  • 133 1 THE US DOLLAR yesterday regained more of the ground it lost against major currencies on Monday, following intervention by the American and Japanese central banks. Dealers said the dollar should remain relatively stable the rest of the week. The market is expected to fall
    133 words
  • 413 1 MALAYAN BREWERIES LTD yesterday obtained an injunction which temporarily freezes the merger between New Zealand conglomerates Lion Corporation and L D Nathan until the issue can be examined by the court. The injunction holds till April 18, during which time retailer L
    413 words
  • 130 1 Bernama A SENIOR Malaysian federal counsel yesterday ascribed to "legal ingenuity and a twisted imagination" a contention that the home minister and the government contributed to defaming the prime minister by allowing distribution of a report on the purported proposed sale of Limbang to Brunei
    Bernama  -  130 words
  • 524 1  -  By ELAINE KOH NEPTUNE ORIENT LINES made its expected turnaround with a pre-tax profit of $24.87 million last year, after languishing in the red for four years. The government-backed shipping group had reported its worst performance of a $59 05 million pre-tax loss in
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  • Page 1 Advertisements
    • 124 1 Cassette Receiver K2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore: Phone *****33 Kuala Lumpur: Phone *****33 Penartg Phone *****5 *****1 Jakarta: Phone *****5 ■■J t it FOR A GOOD DEAL Come and see what is destined to be the most popular business hotel entertainment centre in Singapore. Designed by
      124 words
    • 420 1 PARLIAMENT APPROVED the budget for the financial year 1988/89. A total sum of $12.46 billion has been allocated for the new financial year, down from the revised figure of $15.27 billion for FYB7. Other Parliament reports, Page 2: Jayakumar: Corruption Act does not violate rules of justice Dhanabalan: Safeguards will
      420 words
    • 267 1 =$>]:'^+{$=%!{]&=,[[_+;*%~[->!~ Meta lock offer five times subscribed Back Pag* Access to your new home was never so easy. At Hongkongßank. our Home Access Loan can make your dreamhome a reality. Get free expert advice Call the Access Team for advice and assistance. No strings attached. Plus the Home Access Pre-arranged
      267 words

  • FOCUS
    • 320 2 STEPS PROPOSED under the Building Control Bill to ensure safer buildings will not delay the processing of plans for construction, the National Development Minister assured Parliament yesterday. More qualified manpower was being engaged by the Building Authority, which would receive greater powers
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    • 702 2  -  msmm Reports by JOHN LIM and CHUANG PECK MING THE CORRUPTION (Confiscation of Benefits) Bill 1988 does not violate the Constitution or the rules of natural justice, said Law Minister Professor S Jayakumar yesterday. These two points, along with a third which
      702 words
    • 140 2 WOMEN ARE fast catching up with men on the job ladder in the civil service. Figures released by Finance Minister Dr Richard Hu show that nearly half (49.16 per cent) of the Division I officers last year were females, up from just over a third
      140 words
    • 183 2 COMPANIES and individuals will be able to contribute towards the maintenance of Singapore's nature reserves through a Nature Reserves Fund. This is one of the provisions in the Nature Reserves (Amendment) Act 1988 which was passed yesterday. Contributions will go to the financing of the
      183 words
    • 155 2 THE DANGEROUS Fireworks (Amendment) Bill, which calls for stiff deterrent penalties for those convicted of selling, distributing and discharging such fireworks, was passed yesterday. The severest penalties are for those who import, sell or distribute fireworks. Mandatory imprisonment (between six months and two years) and caning
      155 words
    • Parliament briefs
      • 45 2 THE NUMBER of babiaa bom in the ne*t 10 year* wook3 peak at about 50.000 a year and «tabiiia« at around 49 000 thereafter Acting MMWh HYao O#ow Tong mmJ Current ty ion* 40 000 to 43 000 beb«ea are bof arch year
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      • 71 2 COftONARY screening «nit be introduced at To* Payoft CtMMC this yMr and ItbMquently at other government clinics, Mr Yeo Cheow Tong Mid But the government would not make screening tests compulsory. nor would it have them done on election day as Or Koh Lam Son (Telok Biangah) suggested.
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      • 23 2 HOSPITAL ward charges would not be increased this year although demand for better wards was rising. Mr Yeo Cheow Tong said.
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      • 93 2 THE SITE for a new hospital in the eastern part of Singapore is expected to be finalised by the end of the year, Mr Yeo Cheow Tong indicated. A location in Bedok, identified in 1981, is still reserved for the hospital. But the Health Ministry is looking into
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      • 38 2 SOME 4,700 doctors would be needed by the year 2000 to meet the health needs of Singaporeans and patients from neighbouring countries seeking treatment here, Mr Yeo Cheow Tong said. Now, there are about 2,900 doctors
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      • 50 2 A SUGGESTION to introduce a national health insurance scheme was rejected by Mr Yeo Cheow Tong, on the ground that it would create an illusion of tree medical services. This would lead to a "buffet lunch" syndrome that would result in an unduly high demand for medical treatment
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  • Page 2 Advertisements
    • 183 2 irtliiiri ft- U&r r-i--"-JL fR c> 1 W rH MANDARIN 0R UNTj\L JAKARTA Mandarin Oriental Jakarta is well placed to be the ideal hotel for busy executives. It is the only grand luxe hotel situated right in the middle of the business and diplomatic district. And our 24-hour business centre
      183 words
    • 597 2 HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Hwa Hong Corporation Limited wishes to make the following announcement AUOTTEO RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1987 GROUP COMPANY 1. (a) Turnover (b) Investment and other income excluding extraordinary items 2. (a)
      597 words
  • Page 2 Miscellaneous
    • 638 2 iMWEKDiaB (M&SXOtDSi) CRYPTIC PUZZLE ACROSS 1 Pure cheats, perhaps (6) 7 Queen of plums (8) 8 Frosty bit of food? (4) 10 Mostly stone bottle? (6) 11 Stir up all the trouble in sight? (6) 14 Chuck is so modest! (3) 16 The least one can expect of Hoffman? (5)
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  • HOME NEWS
    • 139 3 YAMI YOGHURT and Plain Heaven won t ba all there ta to frozen yoghurt in Singapore soon. Another American brand is about to join the market. J Higby's has appointed a Singapore company as licensee for Asean and Hongkong and is now
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    • 247 3 BUSINESS WEEK, the premier US business weekly, will shut down its Singapore bureau next month. It will be the third international magazine to pull out of Singapore this year. Bureau chief Cheryl Debes told BT that McGraw-Hill Inc, Business Week's parent company, gave no
      247 words
    • 310 3  -  By BOEY KIT YIN THE GOVERNMENT will not prop up or protect any non-viable business big or small. But it will give small businesses that extra nudge to help them to be more competitive, said Trade Development Board chief executive officer Yeo
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    • 410 3  -  By LEONG WEN WAH A CREDIT CARD "war" is looming on the horizon, as United Overseas Bank becomes the latest entry in the highly competitive plastic money industry. BT understands that UOB intends to issue cards sporting the Visa logo in
      410 words
    • 398 3 IF YOUR MAID, neighbour or customer had been using your telephone for overseas calls without your knowledge, a "password" can put an end to that. With Telecoms's newest service. there will be no more shocks when the phone bills arrive, just an additional $5 a
      398 words
    • 147 3 A TELECOMS MOVE to tidy up old telephone wiring throughout Singapore will be completed by 1991. This year, Telecoms will concentrate on Housing and Development Board flats. So, in conjunction with HDB's electrical upgrading programme, it will encase telephone wires in PVC casing.
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  • Page 3 Advertisements
    • 186 3 COULD YOU SELL THIS SPACE? Business Times has a vacancy for an experienced sales person whose personality, background and experience will enable him/her to seek out and persuade advertisers whose products or services would benefit from exposure in the leading business newspaper in Singapore. The position and the remuneration will
      186 words
    • 188 3 A HOME NOTA HOTEL. There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or family
      188 words

  • Page 4 Advertisements
    • 134 4 Keep it cloje to your chedt! quiet drink after work or a late dance after dinner. Plus the art ot conversation not drowned-out by Madonna. These simple pleasures await vou in the refurbished splendour ot The Club, long the favoured retreat of those seeking refuge from the rigours of everyday
      134 words

  • ASIA – PACIFIC
    • 846 5 ARRIVALS Operator Service Local From number time OA OA472 0015 SYD/MEL SiA SQ11 0115 LAX/NRT THAI TG80I0 0300 BKK/KPS IC IC555 0655 MAA MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SIA SQ103 0950 KUL AC AC858 0950 YYZ/LHR/BOM CPA CX710 1015 CGK
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    • 235 5 AFP INDONESIAN President Suharto yesterday issued the first decree of his fifth fiveyear term, decentralising power over large government procurement tenders, a senior Cabinet minister said in Jakarta. The decree removed the power over tenders worth more than 500 million rupiah (US$300,000)
      AFP  -  235 words
    • 328 5 UPI SPURRED by buoyant domestic demand. Japan s overall capital investment in fiscal 1988 which starts tomorrow is projected to grow by 6.9 per cent to 15.19 trillion yen (U*****.5 billion), a commercial bank reported in Tokyo on Tuesday The Long-Term Credit Bank said
      UPI  -  328 words
    • 212 5 UPI THE US and Japan have signed an agreement for Japan to purchase and manufacture under licence up to six EP-3 electronic surveillance aircraft to strengthen its intelligence gathering capabilities, the US Embassy in Tokyo said yesterday. An embassy spokesman said Foreign Minister Sosuke Uno
      UPI  -  212 words
    • 272 5 Bernama/AG BARTER TRADERS in Labuan have been shocked by a reported move by the Philippine government to phase out barter trade between southern Philippines and Labuan, where it has been the Malaysian island business community's mainstay the past 28 years. Labuan chief administrator
      Bernama/AG  -  272 words
    • 472 5 Prolonged talks end on fruitful note AP US AND JAPANESE negotiators have announced an agreement on procedures which allow American builders to bid on construction projects in Japan. US Trade Representative Clayton Yeutter told a joint news conference in Washington on Tuesday he was
      AP  -  472 words
    • 353 5 Reuter THE UNITED STATES will ask the General Agreement on Tariffs and Trade to decide if Japanese and South Korean import restrictions on farm products violate international trade rules, a Gatt spokesman said in Geneva on Tuesday The US running large trade
      Reuter  -  353 words
    • 257 5 AFP INDIA'S exports in the first 10 months of the fiscal year closing today increased by 25 per cent to US$9 69 billion, the Commerce Ministry announced in New Delhi on Tuesday The ministry's annual report showed that the increase helped
      AFP  -  257 words
  • Page 5 Advertisements
    • 157 5 FI V \l J W Ifl 1m The business person's choice, every I I II 111 I Tuesday, Thursday, Saturday and I 1 Ml \l II f Sunday. Leaving Changi Airport at J. 1 J_ 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call your
      157 words
    • 60 5 *e n w m X -V v ■V 3f* A DISTINCTIVE COLLECTION YOU'LL ALWAYS TREASURE. The finest collection of 18 carat gold, gold-plated, silver-plated and stainless steel-finished jewellery for men of distinction. Prices start from $120. W l Hilton International Hotel Centrepoint Metro Grand (Lucky Plaza) Daimaru (Liang Court) Isetan
      60 words
    • 8 5 EC htts out at Japan-US construction dsal, Paga
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  • REST OF THE WORLD
    • 465 6 UPI HOUSE and Senate negotiators have agreed on a mandatory plant-closing notification that Reagan administration officials warn will prompt a presidential veto of a sweeping trade reform bill. The Reagan administration and business community have lobbied vehemently against the labour-backed provision that would require
      UPI  -  465 words
    • 476 6 Reuter THE MOST WIDELY USED barometer of future US economic activity rose moderately last month while sales of new homes had their greatest increase in almost two years, the government said on Tuesday. The rises conformed with most other economic
      Reuter  -  476 words
    • 224 6 AFP A EUROPEAN Commission (EC) delegation in Tokyo yesterday strongly condemned the new construction agreement between Japan and the US and vowed to raise the matter with both countries. "The EC has repeatedly warned against bilateral agreements, particularly between the
      AFP  -  224 words
    • 371 6 Reuter TWO TOP US Justice Department officials and four of their aides resigned suddenly on Tuesday in a move directly linked to Attorney General Edwin Meese s continuing legal problems, US government officials said in Washington. Mr Meese declined comment, but the
      Reuter  -  371 words
    • 439 6 AP THE EUROPEAN COMMUNITY loses at least US$25O billion a year in extra costs and economic opportunities by staying divided along national borders, according to the results of a study released in Brussels yesterday. The study, which took two years to complete,
      AP  -  439 words
    • 302 6 Reuter A CANADIAN developer has unveiled plans for a multibillion dollar project, including the construction of Britain's tallest skyscraper, on Canary Wharf in the once-decaying docks of London. Olympia and York Developments Ltd, the Toronto-based giant which developed the World Financial Centre in New
      Reuter  -  302 words
    • 403 6 UPI CHANCELLOR of the Exchequer Nigel Lawson. who has clashed with Prime Minister Margaret Thatcher over economic policy, dismissed rumours he was resigning on Tuesday and said "my hair hasn't even turned grey yet". "People always love talking about personalities because it's so much more
      UPI  -  403 words
  • Page 6 Advertisements
    • 615 6 rThe Industrial Bank of Japan, Limited Head Office's Address: 3-3, Marunouchi 1-Chome, Chiyoda-ku, Tokyo 100, Japan. BALANCE SHEET FOR THE YEAR ENDED MARCH 1987 BOARD OF DIRECTORS Chairman Kisaburo Ikeura D President Kaneo Nakamura Deputy Takashi Alda Presidents Voh Kurosawa Managing Directors Susumu Okabe Hideo Ishlhara Tatsuo Goda Teruyukl Ohuchi
      615 words
  • Page 6 Miscellaneous
    • 60 6 Doonesbury lORD ZONKSR, AS YOUIOELL KNOW, IBBUBVB THAT HOBiLrry looks after rrs I OUJN. MY House UJ/LL ALr WAYS Be YOURS... thanks, > BUT THAT BeiNG SAID, SIR, I MUST ADO THAT A 6eN7l£ MAN voes not use another CHAR&e ACCOUNTS! m sf BY GARRY TRUDEAU YOUmNT Mew TAKE BACK
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    • 160 6 Singapore 09/06 Cloudy 19/09 Clear una* 11/02 Cloudy 18/12 Sunny 11/03 Cloudy 10/01 Clear 24/19 Cloudy 10/04 Showers 25/15 Cloudy 13/03 Rain 23/15 Cloudy 25/14 Clear 27/17 Cloudy 12/03 Cloudy 04/03 Cloudy 32/24 Cloudy 28/20 Clear 03/00 Cloudy 18/10 Haze 16/14 Cloudy 31/21 Cloudy 26/11 Clear 10/07 Cloudy 32/24 Cloudy
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  • COMMODITIES
    • 172 7 Bernama THE SABAH Rubber Fund Board (SRFB) purchased a total a 19,046 6 tonnes of unsmoked sheets, scrap rubber and latex from smallholders valued at about Ms 22 7 million last year. According to SRFB general manager Zainal Rivai yesterday, the purchase is an increase from
      Bernama  -  172 words
    • 418 7 Bernama ES Reuter Crude palm oil future* closed easier yesterday in active trading on the Kuala Lumpur Commodity Exchange. Dealers attributed the easier trend to the light interest in the physical market. India's purchase of 18,000 tonnes of CPO yesterday helped to narrow down losses. April eased one
      Bernama ES; Reuter  -  418 words
    • 190 7 Reuter SOYBEAN FUTURES retraced some of Monday's gains to close on or near the lows on Tuesday on the Chicago Board of Trade, down 7-1/2 to 4-1/4 cents per bushel in light trade. May settled at US$6.5O-1/4 after being held to a 4-1/2 cent range. Speculative long liquidation pressured
      Reuter  -  190 words
    • 201 7 Reuter WHEAT FUTURES closed quietly mixed on Tuesday on the Chicago Board of Trade, ranging from up 11/2 cents per bushel in old crop May, which settled at US$3.Ol, to down 1/2 cent in new crop months. A larger than scheduled CCC wheat auction sale amount on Monday afternoon,
      Reuter  -  201 words
    • 244 7 Chinese Produce Exchange SiNin noon doting pric March 30 (S$/100 kg) 91 on Coconut oil M FOB 103.00 Otd drum FOB 117.00 N*w drum FOB 113.00 Copra Mixed (loow) 59 sopors Pepper *A_ t "HAiiV* wmTf FOB NLW 1110.00 Sarawak whit* FOt foq NLW 1095.00 Sarawak ip«dal black
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    • 317 7 London Commodity Exchange Bwyw/Se*e< dotk ig prtcm on Mardt 29 •onnt union spodfML Provlow doting prtcot In poromtoth. CoffM ftath tn-trof# London, mIIom option OF London Mor 1110/1115 <1110/1115) high/Low 1113/1097 May 1140/1141 (1135/1137) High/Low 1143/1123 (1841) Coco# Mof 895/901 (909/916) High/Low 895/895 May 917/918 (924/925) high/low 920/909
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    • 335 7 Reuter HONGKONG: Gold closed lower yesterday depressed by a late round of selling by European houses in the afternoon, dealers said. They said there was little buying support as most investors were sidelined before the long Easter holidays starting tomorrow. Bullion ended the day at U*****.20/60 an ounce
      Reuter  -  335 words
    • 236 7 RAS prices In S c*nts/kg, FOB In bata B NOON CLOSE Buyers S*ll*ri Buyers Sellers bit 1 RSS Prompt 226.50 227.50N 226.00 227.00N bit 1 RSS Apr 88 225.00 226.00N 224.50 225.50 bit 1 RSS May 88 227.25 227.75 226.75 227.25 bit 2 RSS OP 223.50 225.50N
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    • 75 7 (carts/kg) APRIL 1988 MAY 1988 (currant month) (forward month) RAS NOON NOON tvyrt Sellen tvy«n S*U*n SSt 30 225.50 237.50N 335.50 337JON SSC 50 334.00 336.00N 334.00 336.00N MRELB luyari Sttltft Sthn SMt CV 333.50 334.50N 333.50 335.50N SMt L 333.50 335.50N 334.50 326.50* SMI 5 301-50
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    • 268 7 Reuter SINGAPORE The rubber market closed slightly higher yesterday with April 1 RSS buyers quoted at 224.50 cents/kilo, up 0.25 cent from Tuesday's close, dealers said. Brokers said the Inro Buffer Stock Manager's offer of SMR 20 at 241 Malaysian cents/kilo for May delivery, ex-warehouse basis. in the local
      Reuter  -  268 words
    • 150 7 Reuter STRONG buying demand lifted the KLTM price nine cents higher to doee at M 517.38 a kg In brisk trsdlng yesterday. The KLTM price Is at s premium over European spot market, and this discouraged buying from Europe. Turnover dropped to 43 tonnea from S3 on Tueeday
      Reuter  -  150 words
    • 72 7 BULLISH sentiment continues. O-KP <kM far crud* (POI US>/haiial 3—1 Top* (Apr) 16.00 ♦aio Minot (Apr) 15JO widi Dubai (May) 14.00 -a io Wm) T..a» WT1 (Mayr 17.00 -aio Now York dan pravtaw day. PraduO» (FOt S'porvl USS/banat < >»»• Karotana 20.60 0-55 Conl 2060 unt* Wany
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  • Page 7 Advertisements
    • 108 7 Welcome to a stopover in Germany. 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 grvariety of packages with convenient connections, scenic routes and
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  • MONEY AND EXCHANGES
    • 173 8 Gold futures on March 29 100 troy ounces; USS par troy ounce Opon High Low SoMo Mar 455.40 -0.40 454.70 457.80 454JO 455-60 -0.30 May 457.60 -0.30 Jun 459.00 462.00 458 50 459.80 -0.40 *"9 463.50 466.00 463-50 464.20 -0.40 Oa 469 00 470.00 469.00 469.00 -0.50
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    • 1993 8 Reuter Reuter SINGAPORE: The US dollar closed slightly higher yesterday against major currencies as its early gains were trimmed by late profit-taking. Dealers said the dollar's morning firmness was due to short-cov-ering prompted by Federal Reserve intervention in New York and mild Bank of Japan dollar-buying around 125.40/50
      Reuter  -  1,993 words
    • 1644 8 CURRENCY FUTURES OPTIONS W«*f*tday, Mordi 30, 1988 DEUTSCHE MARK (SIM EX) ftpr 88 caNa Apr 88 puta High Low Saa High Law Saa 54 CAB 55 CAS 54 CAS 57 CAS 51 235A 230 1 59 139 A 135 7 60 62A 58 258 27 *1 19A 17 828
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  • Page 8 Advertisements
    • 112 8 "You say a filing cabinet stood there, sir, so how come there are no marks on the carpet?" "Loboflor." With 80 million fibres in every metre. Loboflor carpet leaves no evidence of where heavy furniture once stood Loboflor far out-lasts conventional carpet So tough, it is guaranteed for ten years.
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    • 81 8 Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16 per set, they are easy to
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    • 10 8 IB elanque indosuez 3 Shenton Way, Shenton House. Singapore 0106
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  • BANKING AND FINANCE
    • 329 9 Asian market Reuter ASIAN DOLLAR deposit rates closed little changed yesterday at slightly lower opening levels, in quiet afternoon trading. Most operators were sidelined in the afternoon due to lack of interest. Short-dates were marginally weaker initially reflecting softer US Fed funds rate but were unchanged subsequently. Overnight ended at
      Reuter  -  329 words
    • Article, Illustration
      237 9 Reuter IMM currency futures ended mostly lower and near session lows on Tuesday after sliding in the final hour on talk the US Federal Reserve may have intervened to buy dollars and sell yen, traders said. Prices fell from session highs made near midday as the speculation sparked dealer
      Reuter  -  237 words
    • 60 9 THE OVERNIGHT rate on the Singapore interbank market rose by 1/4 point to end at 3% per cent yesterday. Term rates remained unchanged across the board. S$ Interbank rates at 12 noon yester day: oow MO Owmgh> 3 1/2 3 3/8 1 -mocrfti 3 3/16 1/16 2-month 3
      60 words
    • 186 9 Interbank market rates (offer/bid) on March 30 us$ DM SWFC Y*n 7 do r* 6 7/8 3/4 8 3/8 1/8 3 5/16 3/16 1 1/2 3/8 5 1/4 4 3/4 1 m* i 6 13/16—11/16 8 5/8 1/2 3 3/8 1/4 1 9/16 7/16 4 1/4 1/8
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    • 88 9 r 1 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****V 23.6.88 3.00 2.95 2.99 2.96 6 months BY*****H 22.9.88 3.07 3.02 3.03 3.03 1 year BY*****Z 23.3.89 3.17 3.12 3.11 3.11 Government notes and bonds Period Issue Maturity Coupon
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    • 470 9 JUNE Eurodollar opened 2 ticks higher at 92.70 and continued to edge higher to 92.72 on short covering activities in Simex yesterday following higher bond prices due to a firmer US dollar. However, trading activity remained light ahead of the US unemployment figure and the coming long weekend. The
      470 words
    • 205 9 SINGAPORE Reinsurance Corp Ltd's pre-tax profit rose by about $2 million to $5.6 million in 1987, surpassing the company's forecast of 55.4 million when it went public last year. The company has recommended an unchanged first and final dividend of 5 per cent less
      205 words
    • 602 9  -  By ALAN LEE in London STANOARD CHARTERED Bank which yesterday revealed 1987 bottom-line losses of nearly £460 million is definitely planning a rights issue some time this year to raise badly-needed fresh capital. The banK also surprised the City by declaring a final dividend
      602 words
  • Page 9 Advertisements
    • 94 9 FREEHOLD SHOPPING CENTRE (EN BLOC) FOR SALE BY TENDER A 4-storey shopping-cum-residential complex ideally located in the busy expatriate shopping area at Farrer Road/Bukit Timah Road. Nearby shopping centres include Serene Centre and Coronation Plaza. The total shop area is 16,483 sq. ft. with ample carpark lots in the basement.
      94 words
    • 323 9 Corporate Electronic Banking. Hexagon. Worldwide, 24-hour financial control. SmMMwk *M ail M*X 3 A J M -d-y Jiyjri^ r: 3 ;.V "g KfiKfttXif ■MMM Pt4ip >- K .'J. X Snip KSSX«£B.« >**% If y's' 11 fVvf >? r, -'v- -,»< < iiae* h > *ar m «v^-' ISHBK 1 ft
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  • PERSPECTIVE
    • 555 10 THERE'S BEEN a lot of news lately about loans to Asia's developing countries. Not just old loans, such as the U5529.4 billion the Philippines, the region's fourth largest debtor, owes to foreign lenders, but a spate of new credits. For example, just
      555 words
    • 1436 10 When Luxembourg celebrated Stock Exchange Day on March 22, it invited Mr J Y M Pillay, managing director of the Monetary Authority of Singapore, to give an address on 'Financial Centre Singapore'. Business Times today publishes an edited version of Mr Pillay's speech, addressed to
      1,436 words
    • 1044 11 The Economist COMPAQ COMPUTER of Houston. Texas, can fairly claim to be the fastest growing company in hiatory. In 1982, it did not exist; in 1987, it had a turnover of US$l.2 billion. Success like that cannot be attributed to a single cause.
      The Economist  -  1,044 words
    • 687 11  -  Changes are being proposed that would give Gatt a status equivalent to that of the World Bank and the International Monetary Fund in economic policymaking. PAUL LEWIS reports. PAUL LEWIS NYT AN INTERNATIONAL consensus is emerging in favour of strengthening the General Agreement
      NYT  -  687 words
  • Page 10 Advertisements
    • 445 10 The Royal Bank of Scotland plc> Incorporated in Scotland Head Office: 42 St. Andrew Square, Edinburgh, EH2 2YE. Singapore Branch: 6 Battery Road, #18-01, The Chartered Bank Building, Singapore 0104. The Royal Bank of Scotland pic and subsidiary companies Consolidated Profit And Loss Account For the year ended 30th September
      445 words
  • Page 10 Miscellaneous
    • 1283 10 I THINK I CAN SRFew TH£. \N CRPRBL£/ WP»HDS, mRS.DUKIhIe \Z~ P»l?e NOU STi U. THeRe p I THiNK THGjRC S SomCTMiNG U>\TH TH\S Line CWsl SOU HEAR Pi K\ND OF PURRING ,No»se y EVCNMQ «T*MOAM> CO. LTO IMI-INI HURT'S NOT < /"THAT'S roe f THE. UNC t yyu/ l/l
      1,283 words

  • Page 11 Advertisements
    • 457 11 These securities have been sold outside the United States of America and Japan. This announcement appears as a matter of record only. 31st March, 1988 The Nomura Securities Co., Ltd (Nomura Shoken Kabushiki Kaisha) U. 5.5200,000,000 43/8 per cent. Bonds due 1993 with Warrants to subscribe for shares of the
      457 words
    • 302 11 These securities have been sold outside the United States of America and Japan. This announcement appears as a matter of record only. 31st March, 1988 The Nomura ities Co., Ltd (Nomura Sho ken Kabushiki Kaisha) U. 5.5200,000,000 4 3 /s per cent. Bonds due 1993 with Warrants to subscribe for
      302 words

  • SPORTS & LEISURE
    • 129 12 AP OLYMPIC figure skater Debi Thomas proposed marriage to her fiance before the winter Olympics in February, her new husband said on Tuesday before they left for a week-long, secret honeymoon trip. "We talked about it so many different times," Brian Vanden Hogen said. They
      AP  -  129 words
    • 282 12 AP A NEW WAVE of "Tomba mania" is sweeping Italy to greet the return of Alberto Tomba. the winner of two Olympic slalom gold medals, that is expected to culminate with an audience with another avid skier Pope John Paul 11. Tomba. 21, returned on Monday
      AP  -  282 words
    • 302 13 UPI BRAD GILBERT, wincing in pain on almost every point because of a sore ankle that has kept him off the court for three months, won two tie-breakers and surprised Pat Cash 7-6. 4-6. 7-6. 6-4 in the World Championship of Tennis quarterfinals on
      UPI  -  302 words
    • 424 13  -  By WALTON MORAIS ONE OF the world s premier doubles players Paul McNamee of Australia will be in Singapore to conduct a junior tennis clinic, sponsored by Business Times, to be held on April 23. McNamee, once ranked number one in the world in
      424 words
    • 501 13  -  Jrankltf speaking.... by Charies Savage HE HAS WON 105 tournaments, is the best American tennis player currently and ranks fifth in the world. On Sunday, he reached the finals of the US$2.l million Lipton championships and stretched world number two Mats Wilander to four sets. Jimmy Connors
      501 words
    • 537 13 UPI LLOYD HONEYGHAN fulfilled his pre-fight promise of revenge when he knocked out World Boxing Council world welterweight champion Jorge Vaca of Mexico after 2 minutes 58 seconds of the third round in their re-match at the Wembley Arena last night. Honeyghan, who wore a
      UPI  -  537 words
    • 272 13 UPI ENGLAND INTERNATIONAL cricketer lan Botham has had his contract with Queensland cancelled because of his off-field behaviour. In a special meeting of the Queensland Cricket Association (OCA) executive, the members voted unanimously to terminate the all-rounder's three-year contract two years before it was due to
      UPI  -  272 words
  • Page 12 Advertisements
    • 892 12 4 COURVOISIER XO~Where to eat, drink... EASTER Easter Edition Mar 21 to Apr 3 A wide selection of cakes and chocolate confectionery shaped into bunnies, ducklings, chicks and dolls will be on sale at the Easter Cart in the hotel lobby and Mr Deli's Delicatessen Corner, from 9 am to
      892 words
    • 213 12 l&^ffcsS S"S*S*s*s*5 ll s*S*2 l| S a s®S^«^l I I A A f V A ft s v v< Feast on delicious Dian Xin specialties from Guangdong and Beijing. We have an incredible selection to choose from including Shark's Fin ShiLiu Baa Eight Treasures Glutinous Roll. Steamed Chicken Wing Stuffed
      213 words

  • Page 13 Advertisements
    • 632 13 and entertain übertug d)rill 13 >1 f Roast Duckling for Two just for you. At only $22.50 per person. Our special for April is Roast Duckling for Two. carved witfi an expert hand at your table side, served with a rich Plum Sauce. Young Ginger. Buttered Brussel Sprouts. ¥oung Corn
      632 words
    • 562 13 The Mitsubishi Bank, Limited Incorporated in Japan with Limited Liability CONDENSED BALANCE SHEET AS AT 31 ST MARCH 1987 AND 1986 STATEMENT OF INCOME FOR THE YEAR ENDED 31ST MARCH 1987 AND 1986 1987 Millions of Yen 6.648.071 766.293 129,720 3.237.091 18.352.707 1.343,017 1.464.141 178.633 1986 Millions of Yen 5
      562 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4853 14 LED BY HIGHER overnight prices on Wall Street, the Singapore stock market rebounded yesterday. Although share prices rose across the board, trading was relatively quiet. Dealers said speculative buying and bargain hunting by investors reversed the declines of the past four days. However, institutional
      4,853 words

  • COMPANY NEWS
    • 217 15 Bernama PERNAS OUE Sdn Bhd, a joint venture between Pernas Hotels (Penang) of Malaysia and Singa-pore-based Overseas Union Enterprise (OUE), has acquired HoteJ Istana which is under construction in Kuala Lumpur. Speaking after signing an agreement in Petaling Jaya to purchase a front
      Bernama  -  217 words
    • 224 15 HAVING emerged from a twoyear rationalisation programme much trimmer and with cash in its (ill, Bousteadco is now on the lookout for acquisitions in related fields. Group chairman R T S MacPherson said Bousteadco saw a significant increase in first quarter profits for
      224 words
    • 3421 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,421 words
    • 270 15 Managers' prices japon Gr Fund 158 1 63 for March 31 Shenton Thrift Fund 081 081 Singapore Unit Trust UOB Management Untfund 0835 3835 The Commerce 093 099 Unibond 0995 1 02 The Savings Fund 0 7V 0S5xd S'pore Prog Fund S'oore Sec Fund 037 063 041 068
      270 words
    • 427 15  - United Pulp Paper back in the black By ROSIE TAN UNITED PULP AND PAPER Co Ltd, which had accumulated losses of $20 million as at the end of 1985, is back in the black again after suffering an operating loss of $611,000 in 1986. For the year ended 1987, the
      427 words
    • 144 15 THE BOOM in the electronics industry last year helped WahChang Electroplating Ltd (Wepco) to turn in better-than-forecast results for last year. For the year ended Dec 31, 1987, pre-tax profit rose 46 per cent to $2.03 million compared with $1.39 million previously and a forecast
      144 words
    • 174 15 MARGINALLY lower profits were seen at construction-based Lum Chang Holdings lor the six months ended Dec 31. 1987, as no significant contracts were completed by the group in the period. Net attributable profits fell 18 per cent to $3.76 million against $4.59 million previously. Earnings
      174 words
    • 180 15 HWA HONG Corp Ltd, the diversified edible oil company, posted a pre-tax profit of $7.51 million for the year ended Dec 31, 1987, a slight improvement over the previous year. Turnover also increased, by a modest 7.7 per cent, to $144.71
      180 words
    • 197 15 HOTEL PROPERTIES Ltd. owner of the Hilton Hotel in Orchard Road, turned in higher profits for the year ended Dec 31, 1987, thanks to a big jump in investment income. Investment income rose 261 per cent, from $855,000 in 1986 to $3.09 million
      197 words
  • Page 15 Advertisements
    • 304 15 RENONG BERHAD (Incorporated in Malaysia) UNAUDITED RESULTS FOR THE HALF YEAR ENDED DECEMBER 31,1987 The Directors wish to announce the unaudited results of the Group and the Company for the half year ended December 31,1987 Half Year Ended 31/12/87 Half Year Ended 31/12/86 Company 1. (a) TURNOVER 5.699.064 (b) Investment
      304 words
    • 228 15 OFFER TO PURCHASE ONGOING BUSINESSES Our Corporate Advisory Division has been engaged by an established and reputable company to seek acquisition/investment opportunities in significant manufacturing concerns which deal with consumables or consumer-related products. The target companies should be:a) Malaysian or Singapore incorporated public or private companies with substantial operations in
      228 words

  • REGIONAL MARKETS
    • 2942 16 AFTER FOUR straight sessions of declines, the Kuala Lumpur stock market staged a mild rebound yesterday with prices finishing off-best in a generally quiet market. Dealers said the better sentiment was aided by a strong overnight rebound on Wall Street, the slightly firmer US dollar
      2,942 words
    • 1428 16 Hongkong SHARE PRICES on the Hongkong market closed steady yesterday after profit-taking eroded most early gains ahead of the long Easter holiday beginning on Friday. The Hang Seng Index ended the day 7.31 points higher at 2.528.92 after rising 35 points in the morning. The broader based
      1,428 words
    • 118 16 MAN 30 WON *1. Ch#.i Sugar 32*00 Oaa(im ir>a ***** 800 Daawoo Corp ***** uncft Daawoo Haavy Daiahin SKurlltw ***** ***** -100 -900 Dong Ah Ph«r ***** -100 Dong Suh Slock ***** -900 Oongbu SlMl Goto Star ***** ***** 100 Hand Bank Hand Camant Hankuk Glaaa Hanyang Chamtcai Hyundai
      118 words
    • 520 16 Reuter PRICES on the Tokyo market closed sharply higher yesterday for the third consecutive day, as enthusiasm stemming from a new fiscal year's start was further bolstered by Wall Street's and the dollar's rebounds overnight. "When the market will hit a new high is the question." said senior analyst
      Reuter  -  520 words
    • 462 16 Reuter AUSTRALIAN shares closed sharply higher yesterday after being led for most of the session by industrial stocks. Brokers said confidence had returned after strong performances on international markets overnight. "It should close the week fairly solidly failing any major fall-out overnight on Wall Street or London," one broker
      Reuter  -  462 words
    • 158 16 Reuter THE SECURITIES Exchange of Thailand Index rose 3.71 to 394.32 yesterday on a turnover of 10,342.880 shares worth 911.85 million baht. MAN M ■AHT IAo Kham Thai IBS 5 Ayudhya Invaatman 1 460 6 Bangkok Aground... 151 •♦■4 Bangkok Bank 331 2 Bank 01 Ayudhya Charoong Thai Wlri
      Reuter  -  158 words
    • 292 16 MAR M NT +h All Sincara Indus Asia Camant Cathay Corn Chang Hwa Bank Chang Loong Chia Ham Camant Chin Ham Flour China Cham China Oav China Elact Wlra China Gull Plaa China Ratoar China Staai Chung Hwa Pulp Chung Shing Tax Far East Dapt Far East Tw 300
      292 words
    • 96 16 MAN M KSOI AoofC Mining Anglo Phil A(xi Mining B Atlas Con B B*gu«o Goto Bwc P«tro»«um Bonguot Con B First Phtl Htdg* L«p«nto B MifCOppif 0 OK 0 031 24 0017 71 50 9 00 047 0 90 0 001 *0001 1 unch 0 5 *03 -001 unch
      96 words
  • Page 16 Advertisements
    • 494 16 In the Matter of The Companies Act, Cap. 50 and In the Matter of TEAM TRADING (S) PTE LTD Notice of Resolutions for Members' Voluntary Winding Up (Pursuant to Section 290) At an Extraordinary General Meeting of the members of TEAM TRADING (S) PTE LTD duly convened and held on
      494 words
    • 442 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 SINTAI DEVELOPMENT PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of Sintal Development Pte Ltd held on the March 24, 1988 the following special resolution was duly passed: "That the Company be wound up voluntarily and that Mdm Goh
      442 words
    • 470 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO. AND IN THE MATTER OF ACME COMPANY PRIVATE LIMITED (Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter 50 that a Final Meeting of the Members of the abovenamed Company will be held at
      470 words
    • 442 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ORANGE SEA TERMINALS PTE LTD SPECIAL RESOLUTION Passed on 24 day of March 1988 At an Extraordinary General Meeting of the Company held at 200 Cantonment Road #09-01, Southpoint, Singapore 0208 on 24th March 1988 the following Special Resolution was passed:It
      442 words

  • WORLD MARKETS
    • 1029 17 New York Reuter WALL STREET closed higher on Tuesday following a rebound in the dollar. But the market's ability to hold above the Dow 2000 level was ambushed in the last minutes of trading when IBM, a key component of the Dow, was rapidly sold
      Reuter  -  1,029 words
    • 1040 17 London Reuter PRICES on the London market opened higher yesterday in light trading on the back of Wall Street's gains and a strong advance on the Tokyo market. But traders noted a tendency towards profit-taking after a number of early encouraging company results. At 0800
      Reuter  -  1,040 words
    • 1278 17 Selected indices HONGKONG Hongkong Index Wednesday 1.458 95 T uesday 1.652 79 Week ogo 1.679 14 Hang Seng Index Wednesday 2.528 92 Tuesday 2.***** Week ogo 2.561 91 All Industrials Wednesday Tuesday Week ogo NEW YORK Dow Jones Tuesday Monday Week ogo 2.266 5 2.233 6 2.301 3 1 998
      1,278 words
    • 72 17 Reuter STATE-OWNED British Steel will close its office in South Africa later this year for commercial reasons Robert Atkins, a junior minister at the UK Department of Trade and Industry, told Parliament the company had sold only 900 tonnes of steel to South
      Reuter  -  72 words
    • 458 17 IHT EUROPEAN COMMUNITY'S executive body on Tuesday approved a French government plan to forgive 12 billion francs (US$2.l3 billion) in loans to the state-owned motorcar maker Renault. The plan, which increases the company's competitiveness by relieving its huge debt burden, also clears one hurdle
      IHT  -  458 words
    • 254 17 Reuter SUGAR REFINER Ebro Compania de Azucares y Alcoholes SA. currently the target of a takeover bid from the Kuwait Investment Office, has told the Kuwaiti parliament that the bid conflicts with Islamic business ethics. A spokesman for Ebro said a letter
      Reuter  -  254 words
    • 191 17 Reuter KOHLBERG KRAVIS Roberts and Co. the US investment banker that is a leader in taking big firms private, wants government permission to buy up to 15 per cent of Texaco Inc's common stock. The stock price of Texaco shot higher after the announcement to
      Reuter  -  191 words
    • 286 17 Reuter THE WEST GERMAN government's sale of its 16-per-cent stake in carmaker Volkswagen AG was several times oversubscribed. Dresdner Bank AG. leader of the underwriting consortium. said. A spokesman repeated earlier assurances that the small investor would receive preferential treatment. In recent
      Reuter  -  286 words
    • 107 17 AFP THE BRITISH government said on Tuesday that it would sell its 99.8 per cent stake in the Rover motorcar group to British Aerospace for £150 million. Secretary of State for Trade and Industry Lord Young said the government would pump £800 million
      AFP  -  107 words
  • Page 17 Advertisements
    • 423 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MIDDLE LAND SHIPPING PTE LTD (Incorporated In Singapore) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of members of MIDDLE LAND SHIPPING PTE LTD duly convened and held at 151 Chin Swee Road, #02-12
      423 words
    • 284 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRAINCHILD COMPUTERS > (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF SPECIAL RESOLUTION (Pursuant to Section 290(2Xb)) At an Extraordinary General Meeting of the company held at 9 Penang Road #12-00, Supreme Hoaee. Singapore 0923
      284 words

  • 584 18  -  Several deals already lined up with Singapore By HARISH MEHTA of the Foreign Desk GLASNOS T-INSPIRED Moscow is planning major trade and industry initiatives within Asean countriea, including several joint ventures close to being signed in Singapore, Soviet officials in the
    584 words
  • 318 18 SMALL INVESTORS dominated 4jtbecriptions for the public offer Of Metalock (S) Ltd shares. Only investors who applied for one lot of 1,000 shares will have to ballot for shares and they have a two-out-of-three chance of being successful. All others will be allotted shares. The
    318 words
  • 386 18 Agencies THE LAST major rival to US Vice-President George Bush bowed out of the Republican presidential race on Tuesday, but the Democratic contest swung in favour of Michael Dukakie following his solid win in the Connecticut primary. Massachusetts Governor Dukakis's two-to-one
    Agencies  -  386 words
  • 131 18 AFP THE Tokyo Stock Exchange (TSE) replaced the New York Stock Exchange (NYSE) as the world's number one stock market last year in terms of the sales value of transactions, a report showed yesterday. The report by the Osaka Stock Exchange showed sales value on
    AFP  -  131 words
  • 82 18 BACS, the share registrar for Singapore Bus Service, has confirmed that 91 SBS share certificates are forgeries. According to an SBS company statement yesterday, BACS examined the share certificates each for 500 shares at the request of the Commercial Affairs Department. Investigations into the case are going on,
    82 words
  • 587 18 KHONG GUAM Holdings (M) Bhd's pre-tax operating profit dropped 39.8% to Ms2.o3m ($3.37 m) on a slightly higher turnover of $44.40 m ($41.26 m) for the year ended Dec 31. 1987. Profit after tax and minority interests but before extraordinary items was $675,000 ($1.70 m), down 60.3%. Net
    587 words
  • 281 18 THE LONG-ORAWN-OUT dispute between the contractor and two sub-contractors of Singapore Land's stalled Gateway project has taken on a new twist after a landmark High Court ruling. Judicial Commissioner Chan Sek Keong yesterday ruled that lawyers not admitted to the
    281 words
  • 473 18  -  By ZHOU MEI BY THE YEAR 2000, Taiwanese companies should have increased their investments in research and development lo 3 per cent of turnover, from the current 0.75 per cent. Currently, the electronics industry spends about one per cent of turnover on
    473 words
  • 238 18 SALES to the Taiwanese government by Singapore companies have fallen from negligible to even less. The Taiwanese government bought some US$653 million worth of goods in 1987. Of this amount, Singapore companies managed to secure just US$BB4,OOO. or a mere 0.14 per cent.
    238 words
  • 92 18 Reuter INDONESIA launched three experimental solid fuel rockets on Tuesday, the National Institute of Aeronautics and Space announced. The official Antara news agency, in a report from the launch site near the Java city of Bandung, said yesterday that the rockets failed to reach the targeted
    Reuter  -  92 words
  • 88 18 Reuter COMEX GOLD FUTURES were pressured by last minute liquidation yesterday in the spot April prior to today's first notices. Spot April lost US$l.9O at U*****.70 an ounce compared with the low of U*****.50 on Tuesday Comex silver futures yester- day trimmed losses on light buying
    Reuter  -  88 words
  • 54 18 Reuter A BROTHER of former South Korean president Chun Doo-Hwan has admitted embezzling official funds and prosecution officials have asked for a formal arrest, a spokesman said in Seoul yesterday. Chun Kyong-Hwan, 45. had been interrogated about alleged corruption during his six years as head of
    Reuter  -  54 words
  • 162 18 Bernama LORRAIN OSMAN, former chairman of Bumiputra Malaysia Finance in Hongkong, was rightly committed for extradition by London's chief metropolitan magistrate on 41 charges last June, two judges in the high court ruled yesterday. Lord Justice Lloyd, reading the outline of the
    Bernama  -  162 words
  • LATE FILE
    • 53 18 AFP PRESIDENT Roh Tae-Woo is to reveal his property holdings to the public, becoming the first South Korean leader to do so. According to his spokesman in Seoul yesterday, Mr Roh said he would do that in line with a promise he made during the
      AFP  -  53 words
    • 49 18 AFP THE HONGKONG government is considering introducing sufficient sanctions to eradicate insider dealing on the stock market. Financial Secretary Piers Jacobs said yesterday that the sanctions would be potent and would include financial penalties and the barring of insiders from certain offices. AFP
      AFP  -  49 words
    • 42 18 AFP A NEW LAW is in the pipeline aimed at simplifying HongKong's complex commercial crime trials. Attorney General Michael Thomas said in Hongkong yesterday that a Bill near completion included a proposal to "eliminate wasteful disputes". AFP
      AFP  -  42 words
    • 65 18 AFP SRI LANKA's ruling United National Party yesterday said it is considering nominating President Junius Jayewardene to run for a third term in office in spite of the Constitution setting a limit of two elected terms. Sources said the Constitution might have to be
      AFP  -  65 words
    • 45 18 AFP INDONESIA is continuing efforts to win the next chairmanship of the Non-Aligned Movement. Foreign Minister Ali Alatas said yesterday that Jakarta was still determined to keep its candidacy and was seeking ways out of the current deadlock. AFP
      AFP  -  45 words
    • 48 18 AP THE PHILIPPINE military announced yesterday the capture of the commander of the communist New People's Army (NPA). Major General Ramon Montano told reporters in Manila that NPA chief Romulo Kintanar was among seven rebel leaders captured in raids in the capital on Tuesday. AP
      AP  -  48 words
    • 50 18 Reuter VISITING Bangladeshi President Hossain Mohammad Ershad has asked Thailand to cut its huge bilateral trade surplus and to help Bangladesh with investment and technology. A Thai government spokesman in Bangkok yesterday said Mr Ershad also asked that Thailand supply Bangladesh with rice if necessary. Reuter
      Reuter  -  50 words
  • Page 18 Advertisements
    • 86 18 )=~%"${=,"'<~:*'!$'"!;}}|;~~?[| Decisions, decisions.The least you should worry about is the bed you sleep on. m m i %2s, n—M»m «or Or—n Mf chart tor 6 E A«a FANTASY WATERBEDS 1034. SCMBAWANG ROAO SWGAPOfIC 2775 T«* *****49 T«» FANASY ***** FULLY FURNISHED EXECUTIVE OFFICE for the mere price of a room!
      86 words
    • 12 18 ristian lor 1 H CV* !^S 1111 l m Ul tWatcdes ofSwitztrhnb
      12 words

  • SHIPPING TIMES
    • 486 19  -  By G DURAIRAJ THE MALAYSIAN government ha 9 been urged to approve immediately another container haulier (or Johor. Shipping sources say the haulage capacity in the southern peninsular region, presently monopolised by Kontena Nasional, is grossly inadequate and is threatening container
      486 words
    • 218 19 Seatrade Week THE KOREA Maritime and Ports Administration has reacted angrily to the petition filed by Pacific America Line with the US Federal Maritime Commission against the Korean government s waiver system. PAL has petition the FMC to prevent tramping vessels
      Seatrade Week  -  218 words
    • PORTSIDES
      • 106 19 Reuter THE STATE-OWNED Shipping Credit and Investment Corp of India (SCICI) will borrow US$6O million in the Euromoney market, a top SCICI official said. The official, who declined to be named, said the mandate has been given to Swiss Banking Corp to arrange the loan. An
        Reuter  -  106 words
      • 113 19 Reuter RIVER transport police said a ban on Rhine shipping was expected to remain in force another few days, although water levels are seen receding gradually. They predicted the Rhine and major tributaries would start to recede slowly, and thus be better able
        Reuter  -  113 words
      • 103 19 International Transport Journal THE ROADRAILER will receive a considerable boost in the US in the near future. According to reports from American transport circles, a group of railroad companies headed by Burlington Northern Railroads is planning to introduce this combined transport system on several rail
        International Transport Journal  -  103 words
      • 135 19 Reuter IRAQI JETS attacked and set on fire the Cypriot supertanker Anax carrying Iranian oil in the Gulf on Wednesday, regional shipping sources said. They said the jets struck the 259,449-tonne vessel about 129 km south of Iran's Kharg Oil-loading terminal at about 0630
        Reuter  -  135 words
    • 163 20 THE MAJOR shipping consortia operating between the Far East/European. Far EasfPersian 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
      163 words
    • 110 20 Fairplay THE BALTIC and International Maritime Council has protested to the Nigerian Ports Authority over plans to change the chargeable tonnage from net register tonnage to gross register tons. The change which will take effect from April 5 could mean increases of more
      Fairplay  -  110 words
    • 943 20 Pre-shipment inspection moving to a common code Pre-shipment inspection is a subject which arouses strong emotions in exporters. Financial Times examines their complaints and the response of governments and inspection companies. FT FEW ISSUES of practical trade policy arouse such vehement emotion in exporters as that of pre-shipment inspection or
      FT  -  943 words
    • 74 20 International Transport Journal EVERGREEN Heavy Industrial Corporation of Taipei has been awarded a contract by the Continental Transportation Corporation for building 120 extendable semi-trail-ers for container transport. These trailers can be used either for 40ft or 45ft boxes. With this order Continental hopes
      International Transport Journal  -  74 words
    • 789 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      789 words
    • 195 20 Lloyd's List LEADING Japanese bulk shipping owner/operator Daiichi Chuo Kisen Kaisha is to promote its European. Scandinavian, Mediterranean and African businesses through the opening of a new London office. Daiichi Chuo Shipping (UK) began representing its parent company's shipping interests on
      Lloyd's List  -  195 words
    • 303 20 Reuter MITSUBISHI Heavy Industries Ltd, Japan s largest shipyard, and Imabari Shipbuilding Co Ltd, a medi-um-sized yard, have agreed to link their operations, industry sources said. But they said the two companies have no plans to reduce shipbuilding capacity jointly. The Japanese Transport
      Reuter  -  303 words
    • 486 21 UPI Reuter THE ST LAWRENCE Seaway opens its 1988 shipping season amid predictions of renewed prosperity from Canadian shipowners. The Dominion Marine Association, representing the 15 shipping companies whose 125 vessels ply the Great Lakes, says that 1988 is expected to be the first profitable
      UPI; Reuter  -  486 words
    • 292 21 AFP JAPAN has extended financial assistance of just under US$6 million to two countries in Africa and Asia to improve their transport capability On Tuesday, it signed an agreement with Sierra under which Japan will provide a US$2.B million grant to help
      AFP  -  292 words
    • 371 21  -  From Kingsley Wood THE AUSTRALIAN National Line has purchased the remaining 50 per cent of its associate shipping agency in Tasmania. Webster-ANL. The agency was formed by ANL and Webster, a pastoral and trading firm, in 1983 when Tasmania was a vital part of
      371 words
    • 235 21 The above information is compiled from data provided by the Singapore National Shippers Council. ALL SURVEYS were conducted on Feb 29 Argentina Buenos Aires Normal operation; Bahia Blanca Waiting time of up to one week Australia All ports Normal operation. Bangladesh Mongla 15 vessels operating; Chittagong 20 vessels
      The above information is compiled from data provided by the Singapore National Shippers Council.  -  235 words
    • 91 21 Fairplay THE WEST GERMAN Federal Ministry for Research and Development plans to spend DM 1.3 million on an R 0 project called Shopsy 90" (Ship Operation System). Building on the results of the "ship of the future" project which was completed in
      Fairplay  -  91 words
    • 8706 26 MMDI3QJ3 A guide to ships loading at Singapore lor 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
      8,706 words
    • 115 26 Area/Port Viscosity Density Wster CSTstSOC G/ML St 15C Volume 0/0 Africa/Red 8«a Jeddah 167/181 0.952/0.956 0.4/0.6 Durban 130/354 0.985/0.993 0.0/0.5 Arabian GuN Ros Tonura 99/171 0.941/0.956 0.0/0.2 Bahrain 192/192 0.976/0.976 0.1/0.1 Europe Rotterdam 32/430 0.947/1.008 0.0/2.6 Hamburg 30/369 0.958/0.991 0.0/0.4 Le Havre 27/393 0.924/0.989 0.1/0.8 Genoa
      115 words
    • 1218 27 AT CONVENTIONAL WHARVES VhmI i Arrival Departure KEPPEL WHARVES Ain Oussero •C35 alongside 31 04/0900 Alb«ruoi KI9 alongside 02 04/0600 Arrow King K33 alongside 3103/1500 Berber Texas C09 Olongside 3103,7300 Beeco Asia K2I alongside 31 03/0600 Huongiinshan K3I alongside 0204/0600 Koto Pelangi K3I olongside 3103/2300 Murrayeverett K27
      1,218 words
    • 1031 28 ACTIVE chartering on Tuesday is reported to cover grain cargoes out of the US but rates still showed further easiness, shipbrokers said. Grain business is reported from the Mississippi to Rotteram at a lump sum equivalent to about U5513.73 basis heavy grain against the Baltic sub-index of $*****
      1,031 words
  • Page 19 Advertisements
    • 848 19 TIMES STP Distributors Times Pu6Ash(f>9 Croup jtRDINE SHIPPING AGENCIES (R«| No 242K4/ OOK) %lfl## 20C Cantonment Road #12-05 Southpomt, Smppore 0206 All If/ Tel *****11 TELEX NO RS ***** |fCTZnf|TERMINAL/CFS Td *****18 220 r 5"*S J BOOKINGS Tel *****34 235 HHB JARDINE SHIPPING AGENCIES mmmmmm PORT KELANG TEL *****18 Ttte
      848 words
    • 85 19 mm FEW ISSUES of practical trade policy arouse such vehement emotion in exporters as that of preshipment inspection or the developing country practice of employing independent companies in the industrial world to check on the price and quality of goods they are buying from foreign suppliers. Page II THE ST
      85 words
    • 695 19 TIMES STP Distributors STI C r "W» Puto*sft >nv Group MAERSK LINE A NEW STANDARD IN SERVICE A BETTER WAY TO OAKLAND SIN OAK— 17 DAYS! LPK OAK—S3 DAYS! PEN/ OAK— 22 DAYS! This »<•«• A«ei M Closing Time CY 06-4 2300 MRS CFS 06/4 1300 MRS AXEL M 8806
      695 words

  • Page 20 Advertisements
    • 563 20 «f Hapag-Lloyd CONTAINER SERVICE FROM UK/CONTINENT BREMER-1 R DAM/ VOY NO HAMBURG ANTWERP LE HAVRE SOUTHAMPTON TOKYO BAY KURAMA MARU RHINE MARU TOKIO EXPRESS KOWLOON BAY THAMES MARU BENAVON P KELANG Sid KAOSPORE HONGKONG HSIUNG CALLING 'KOBE 11/4, TOKYO 14/4 #KOBE 29/4, TYO 3/5 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE Aosnts'
      563 words
    • 18 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National $QSZffsJ Shipping Association.
      18 words
    • 304 20 SAN JUAN S O ESTERO LA RIOJA OBN C. Town "Rio Santos M video B Aim JX M>s 10/05 iX 2MB JMB 1« 3*5 l»OS 4« 9<06 11-06 *Sufc|ect Is intfucamnt AGfNTS SINGAPORE I If I 722*111 TlltX RS7l**> f** 22V5451 LA RIOJA CATAMARCA II MENDOZA loading tor S port
      304 words

  • Page 21 Advertisements
    • 1094 21 a The Straits Steamship Group Mansfield Container Shipping Re Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok P&O Containers I CONTAINERSHIP SERVICES TO/FROM BANGKOK CONTAINERSHIP SERVICE TO UK/CONTINENT: Also Accepting Cargo For: Haataurg to Cwn>i(l» Aarhus. GsOwnkurf, Malmo Stockholm H*l»ir*i Sood*rteir| Rotterdam to Anhiorp Amterdam, Otto, Into.
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    • 380 21 EUROPE NTCN SENATOR KOREAN SENATM lELCIAM SCNATM TAIWAN SEMTM Wf Mi WF ON ***** Wf M 7 WF Ml 05 17 K I lI.K 27 05 |a.K M hw EE M 7 ***** EE Ml EE Ml ***** EE 111 117.14 ASIAN SENATOR I 1 USA/PANAMA TO USA/CANADA WEEKLY FULL
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  • Page 22 Advertisements
    • 462 22 HSINOSE iHH MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN EHSAN IRAN TEYFOURI Singapore 6/4 M Loading torBANOAR ABBAS BANDAR ABBAS IMO TKYOW» L KYOWA LINE PNC/S. PACIFIC SERVICE Singapore Loading for: A VESSEL 21/4 LAE. PMB RBL. HRA MICRONESIA SERVICE OCEANIA EXPRESS V-12 13/4 OCEANIA
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    • 566 22 K.S.LINE ft' SMi^'oe FULLY CONTAINERISED SERVICE TO EUROPE Vl* SUEZ H M mbff ol lhf *ce Consortmi •FOR/MOTHER VESSEL *SP BU LA OAK SEA ACO 13E/PACIFIC PROSPERITY 17E 54 16 4 28 4 1 5 ACO 13EHANJIN KUNSAN 30€ 5,4 26.4 OCH SIE KOREAN WONIS JIN 74E 12 4 23
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    • 349 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO DUBAI: SAILING 8/4 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID. MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS. VALLETTA, IRUN. CEUTA. ALGIER ISTANBUL U.S.A. PAPUA NEW GUINEA SIN PORT MORESBY, RABUAL, LAE 10/4 MADANG NEW CALEDONIA FIJI ISLANDS SIN NOUMEA SUVA/LAUTOKA 7/4 4/5
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    • 958 22 M WtzxVi EVERGREEN Full Container Service EVER GOLDEN EVER GUARD EVER GROWTH EVER GRAND EVER CREET Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) PROVIOENCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON KRMUOA ETC 2) ATLANTA CHICAGO OCTROI! COLUMBUS t OTHER MAJOR MiCROBRIOGE DESTINATIONS 3) CRISTOBAL BALBOA PANAMA CITY
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  • Page 23 Advertisements
    • 943 23 r PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA FORTUNE INTEGRA SEA FORTUNE KOTA EAGLE SIN SBY SMG SIN SLO 31/3 2/4 5/4 3/4 7/4 f/4 12/4 11/4 14/4 It/4 19/4 14/4
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    • 588 23 ia BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT l»rp Bin Mwifkoni I'Vnt 44 To*yo Bar 114 M»m 17/4 To*io Eiprni 21/4 Mjm#ur| bp« n* Kowloori Bjy tfj Bwu«on U/S OuU Bit »5 Lj Ptrouu 23 5 Urp Bj» n i SPORE P KIANC STON HAM HAVEN ROAM HAVRE 224
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    • 602 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESUII LLOYD r.T. OAMUDEM IROOKESIA P.T. TOIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY KUTAI/14WB L.J. BONTANG/14WB SPORE 12-15/4 6 8 d BILBAO ANTWERP H BURG/ RDAM/ADAM BREMEN 16/5 21/5 13/6 16/6 iSub)«ct to lnduc«m*nL Also accepting cargo
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    • 387 23 BOUSTEAD SHIPPING AGENCIES MERGUI ¥83* PAGAN VI2SW PA AN VI23W HTONEYWA V234W BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) S'pore 31 Mar,7 Apr 4/6 Apr *11 Apr 15/17 Apr Loading for Rangoon P. Kelang Penang Bangkok' BANK LINE SEMI-CONTAINER SERVICF NORTHBOUND TO UKC IVYBANK V2IN TAUSALA SAMOA VI2N MORAYBANK
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  • Page 24 Advertisements
    • 1482 24 "K"LiriE SHiPPinG-DflTPl flTLflriTkC COAST (Round-The-World Service) IDy Dwr r'finnr •PK PNG ORIENTAL FORTUNE V 8 Sid 31 Mar 2 NEPTUNE JADE Vl2 3 Apr 7 Apr 3 ORIENTAL FAIR V 8 9 Apr 14 Apr RAINBOW BRIDGE Vl2 16 Apr 21 Apr 1 •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG
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    • 789 24 ■M INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Sinjaoorf P fteiang Penang Loading lor Mother Vsl SO TRIPURA V 34H 5 Apr RAVIOAS V »H (Apr INDIAN COURIER V?9N 10 Apr S O ANDHRA PRAOCSM V 37H II Apr INDIAN COURIER V JON 5 Ma. SO MANIPUR V37H 12 May
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    • 710 24 GOLDEN LINE GUAN GUAN SHIPPING (PTC) LTD 23 Teiofc Av*r StrMt SINGAPORE 0104 TEL SMJBI (10 LINiS) fu *****04 STRAITS/PERSIAN GULF SERVICE: GOIDCN WONDER Colombo Karachi Dub* GOLDEN BEAR Karxhi Dubai Dammam CHINA SERVICE A VESSEL Shanghai Hsinkang MINFU Huanfpu "Shanghai S'pore P Kelang Penang 7/» Apr 24/25 Apr 15/16
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    • 501 24 PHIU OniCNT LIN€S PT€ LTD t HEAD OFFICE 63 ROBINSON ROAO «07 1? I AFRO AS'A EUILQ.NG SINGAPORE 0«6 TELEK RS ***** PHIII FAX *****76 MIDDLE EAST/FAR EAST FCL h vEssa EES DUBAI. OAMMAN KUWAIT BOMBAY DOHA MUSCAT. BAHRAIN ABU DHABI t SHARJAH JEDOAH NOOEIDAH. AQABA H KONG KOBE. KF
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  • Page 25 Advertisements
    • 707 25 NEPTUNE ORIENT LINES LTD J P M NEPTUNE AGENCIES PTE LTD FE EO/AOST TPA/SEA Terminal CFS BOOKINGS *****53 27*5742 *****22 *****53 27*115 27*114 27*111 27*141 NEPLINE SON BHD 3U9M7 inkard outward NEPLINE SDN BHD. 2****** ENQUIRIES *****44 NEPLINE SDN BHD. UOQ&t27MO«27ttl«27tC2 NEPLINE SDN BHD *****0/23*41 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE
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    • 578 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE Vessel s Name "•Gloru/KBN No 6 Donam JO2N M EnterpriM/tOSN No 9 Donam JO3N No J Donam 804N No I Donjm 803N •Glona 804N ETO BS BKK 15tJ3 26/03 IS A3 27/03 X/ 03
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    • 719 25 f 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 NAI THONG SHIPPING 127 Penanj Street Perur*. Malaga M/S HANDLING SYSTEM CO
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  • Page 26 Advertisements
    • 379 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 >30 Lines' FAX *****39 *****76 TILEX RS ***** A 6 SSCVIA RS ***** A B SSCAO r VE.B DEUTFRACHT/SEEREEDEREI RQSTQCK INTEGRATED FULL CONTAINER SERVICE 'VIA COLOMBO Accepting cargo for INDIA Bombay. Cochin, Madras Calcutta "VIA LARNACA Accepting cargo for Lattakia, Piraeus, Thessaloniki,
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  • Page 26 Miscellaneous
    • 155 26 ft Regional Weather m 4. I f. 'J. 'a > 29 «i bs cN jr J SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AJ». THM c o W*xj drect*on »»tt> speed n knots LEGCNO R Thunderstorm Temperance c Weottw WrxJ drtcfton w»lh speed m knots ar Wo.* he^ht Cloudy Sky
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  • Page 27 Advertisements
    • 1292 27 WAREHOUSING TRANSPORTATION LCL Acceptance Far East: Bangkok Hongkong Keelung/Kaoshiung Manila Australia: Sydney, Melbourne Closini 4/4 4/4 1/4 7/4 6/4 USA: Los Angeles, San Francisco, 6/4 New York, Oakland WAREHOUSING A TRANSPORTATION PTE LTD 44 Benoi Road Singapore 2262 Tel: *****60, *****24 Tlx: RS ***** Fax: *****97 < CPS > CRYSTAL
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    • 237 27 UNIPACIFIC TRANS TRADING AGECY PTE. LTD. 0C IRAQI LINE I• *0 1 S T T f fNTfMUISf »0» ARITIMf TMNJPO«T EAST BOUND SERVICE ETA S PORE LOADING FOR «V BABYLON 13/4 Jlpin WEST BOUND SERVICE ETA S PORE LOACMNC FOR MV ALFARABI 15/4 Jeddah Aqatu Bjghdw) THROUGH B/Ll to BAGHDAD
      237 words

  • Page 28 Advertisements
    • 350 28 Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** i \M i k\ \K i i\i k. i 11) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG, TAIWAN I CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE
      350 words
    • 446 28 cgm: FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE 10 USA-EAST COAST/GULF/CANADA/HEXICO AND FRENCH WEST INDIES For Halifax, Montreal Toronto, New York Baltimore, Portsmouth, Norfolk, Savannah Also terviwt 6ULF— Miami. Mobile, New Orleans, Houston Meiico Vera Cruz. Mexico City FRENCH W Indies Port Oe France. Pomtre A. Pitre. Degrad 0
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    • 238 28 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK A** NIKON-ASIA SNIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SHIPPING OFFICE: 11, KEPPEL ROAD #02-03 KEPPEL MOUSE PTE LTD SINGAPORE 0201 TIMBER/BREAKBULK SERVICE JPN CHINA RANGOON S PORE BKK SRWK INDIA LATANGAN V 97 |In Port S-t/4 11-15/4
      238 words
    • 467 28 BSB CALL US AT? P. KELANG PENANG J. BAHRU > P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5. *****0, *****1 •02-*****22 *****88 TO EUROPE FEEDER 8 BUTANC 431 B BUTANC 423 B BUTANC 435 B BUTANC 437 P KELANG MTHR VSI 02 04 6 SURIA SELANDIA
      467 words