The Business Times, 7 March 1989

Microfilm: NL16518
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, MARCH 7, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    268 1 Footsie up LONDON share prices were higher at mid-day yesterday, although off their morning peaks, as players adopted a cautious attitude ahead of Britain's fiscal 1990 budget, due next week. At about 1230 GMT, the Financial Times-Stock Exchange 100-share index was 7.2 points, or 0.35 per cent,
    268 words
  • Article, Illustration
    Regional markets subdued
    254 1 WALL STREET'S marginal eightpoint gain last Friday did nothing to calm jitters which regional markets had about higher global interest rates. Share prices fell sharply yesterday in Tokyo, while trading was relatively quiet in other regional markets. In Singapore, last Friday s Budget and expectations of good
    254 words
  • Article
    Lack of fresh news leads to US dollar easing
    101 1 THE US DOLLAR yesterday eased slightly on the Tokyo currency market as dealers reported a lack of fresh market-moving news. In Tokyo, the US unit ended at 127.63 yen and 1.8390 West German marks, down from 127.70 yen and 1.8425 marks
    101 words
  • Article
    Big electricity cost savings for consumers
    510 1  -  Falling oil prices save consumers $930 m a year By LEE HAN SHIH,SUZANNE SOH FALLING OIL PRICES have helped Singapore consumers save an average of $933 million a year in electricity expenses. Since 1982, the Public Utilities Board has been reviewing its electricity tariffs
    510 words
  • Article
    STPB explains difference in hotel room forecasts
    317 1 SINGAPORE Tourist Promotion Board chairman Lim Chin Beng said yesterday he did not dispute hoteliers' higher forecast of rooms in Singapore in the next few years. But he clarified that the difference between their forecast and that of the STPB lay in the
    317 words
  • Article
    Lock icon Honasan threatens Aquino with another coup this year
    199 1 AFP A RIGHT-WING military rebel who led a bloody coup attempt in the Philippines in 1987, yesterday threatened a coup this year unless President Corazon Aquino formed a crisis government and sacked alleged communists from her administration. But Mrs Aquino told reporters
    AFP  -  199 words
  • Article, Illustration
    Jurong Engineering flush with orders from UK
    452 1  -  By MARTIN SOONG JURONG ENGINEERING is helping to provide relief for developers in London's construction boom, which has led to labour and material shortages. Mitsubishi Electric UK, which is involved in several commercial projects in London, has subcontracted JEL to manufacture prefabricated toilet
    452 words
  • Article
    Lock icon Tokyo to sound out Asean on Asia-Pacific cooperation
    528 1 AFP A TOP Japanese trade official today begins a two-week tour of South-east Asian capitals, seeking to set the idea of Asia-Pacific cooperation to match the advent of economic regionalism elsewhere in the world. Shigeo Muraoka, deputy minister for international affairs at
    AFP  -  528 words
  • Article
    Lock icon Japan set for two years of growth
    118 1 AFP JAPAN'S economic expansion of 21 months is expected to continue for at least the next two years, the Fuji Research Institute Corp in Tokyo said yesterday. Such economic growth will be possible if there are no external factors such as a surge
    AFP  -  118 words
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      Page 1 Advertisements Column 1
      69 1 Nikon The World's Finest Photographic System. 4 Full Report, PAGE 16 Regional Mkts, PAGE 18 ItinuqesTOiiE THE NEW DISTANCE BALL rs t r i />r PRECEPT 'Tethnkally Superior Co// Produ<h' Fully conforms to PSA and USGA rvUngs Bridgestone, one of the world's largest golf ball manufacturers with more than 50
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      Page 1 Advertisements Column 2
      214 1 Editorial Comment 10 A budget few can quarrel with CPF 10 Employment agency rift Trade 11 The seeds of soft protectionism? Court case 2 Personal nature' of station tussle Paint Industry 3 Shortage of pigment hits industry Philippine economy 4 Warning on austerity measures Soviet economy 5 Call for capitalist
      214 words
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      Page 1 Advertisements Column 3
      7 1 Aquino warnsd against austerity maaauraa, PAGE 4
      7 words
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      92 1 Nikon The World's Finest Photographic System. Third World urg«d to wtold strength, BACK PAGE i i--h- T T Increase productivity with Brother laser and computer printers, word processors,electronic typewriters and facsimiles. Visit our Middle Road Showroom or call 743-8000. Brother Business Machines Showroom #01 -02 GSM Budrtng (Ground Floor) 1
      92 words
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  • HOME NEWS
    • Article, Illustration
      Court told of 'personal nature' of tussle over station
      752 2  -  By PAUL GOPAL THE HIGH COURT was told yesterday why corruption charges made by a dealer against certain officers of Shell oil company made it difficult for the two parties to continue a working relationship. Mr S Rajendran, for Shell, told
      752 words
    • Article
      S'pore as nerve centre of spice trade
      399 2  -  By JAYARAM MENON THE CHALLENGE facing Singapore's spice trade is to maintain and improve on its role in the world market. The increased complexity of this trade would require the monitoring of developments affecting spice production, consumption, supply and demand, pricing, changes in
      399 words
    • Article
      Owners of buildings should set up in-house fire safety committees
      234 2 BUILDING OWNERS should set up in-house fire safety committees to implement fire safety programmes effectively, said Dr Lee Boon Yang, the Senior Minister of State (National Development Home Affairs). Speaking at the opening of a seminar on fire safety in
      234 words
    • Article
      A day for women worldwide
      153 2 TOMORROW is International Women's Day. The Singapore Council of Women's Organisations will mark the day with a dinner at the Royal Holiday Inn along Scotts Road. The chief patron of the SCWO is the First Lady. Mrs Wee Kim Wee Women Members of Parliament have
      153 words
    • Article, Illustration
      Space for rent at IMM by next May
      477 2  -  By MARTIN SOONG THE FIRST 300 units of the International Merchandise Mart (IMM), or about 60 per cent of the rentable space at the mammoth $180 million showcase for wholesale goods now under construction in Jurong, will be ready by next May.
      477 words
    • Article, Illustration
      Another $15m warehouse planned for Mitsui-Soko
      374 2 MITSUI-SOKO, which formally opened its $15 million central distribution centre (CDC) in Jurong, will invest a further $15 million to build a second warehouse complex near the first building. This was announced by Goro Hara, president of the Japanese group, The Mitsui Warehouse Co.
      374 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      270 2 WEE EE LIM has been appointed property manager of the Haw Par Group. This is in addition to his current position as director/chief manager, merchant banking/investment. Mr Wee will be responsible tor all matters concerning the group's property division. He joined Haw Par in 1986 and holds
      270 words
    • Article, Illustration
      Changing places in fast-food lane
      622 3  -  By ANNA TEO THE LIDO junction of Orchard Road is likely to lose two "landmarks" this year McDonald's at Liat Towers and Burger King at International Building. McDonald's is faced with the prospect of a doubling in rental while Burger King will have to make
      622 words
    • Article
      QC claims ISA amendments were made in bad faith
      523 3 RECENT AMENDMENTS to the Constitution and the Internal Security Act were "made in bad faith" and invalid, argued a Queen's Counsel yesterday. QC Anthony Paul Lester, representing ISA detainee Teo Soh Lung in a fresh habeas corpus application, held that Parliament
      523 words
    • Article
      MEMO PAD
      251 3 Seminars and courses Mar 6-20 Computer Appreciation SIM Management Hse Singapore *****66 for Managers Institute of Management Mar 6-27 Effective Reading Skills SIM Management Hse Singapore *****66 Institute of Management Mar 9 and Selling Competitively Boulevard Hotel IMA Conferences *****15 10 Pte ltd Mar 9-10 Speaking for Success
      251 words
    • Article
      Berger sets up R&D facility
      106 3 BERGER PAINTS is setting up Singapore's first research and development facility for the paint industry. The $1.3 million facility is envisioned as a training centre for the automotive refinishing industry and an RAD centre for the Far East. Among the equipment to be installed are
      106 words
    • Article
      NWC would like to hear your views
      305 3 SHOULD the National Wages Council continue to recommend qualitative guidelines? Should bonuses be paid twice midyear and end of year? If you have an opinion on these and other questions that the NWC has on its agenda for ■ts next meeting, the NWC
      305 words
    • Article
      Shortage of titanium dioxide hits industry
      524 3  -  By GENEVIEVE CUA MANUFACTURERS of paint, plastics snd ink in Singapore are hard-pressed by a worldwide shortage of a high quality pigment called titanium dioxide (Tio2). The shortage has caused the price of Tio2 to escalate by about 30 per cent over the past
      524 words
    • Article
      First titanium dioxide plant in S-EA starts production in Jurong
      317 3 SOUTH-EAST ASIA'S sole titanium dioxide (Tio2) plant based in Singapore, has begun to operate and is widely expected to help ease the worldwide shortage of TIO2. The $387 million plant, set up by Ishihara Sangyo Kaisha (ISK), will have an
      317 words
    • Article
      Changi Airport to see 58 more weekly flights in April
      342 3 CHANGI AIRPORT, one of the busiest in the world, will see an addition of a further 58 weekly flights next month. In a statement released yesterday, the Civil Aviation Authority of Singapore said the number of flights will increase from
      342 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      244 3 V* I > 1 ar M 1 ~.1 t in loir IUS* ■,:> .-•*>- J* »!tM <*S x" '>s;— We'd like to show you Hong Kong from our special point of view. I "rmh v S 5 -1 %v -V At The Excelsior. Hong Kong, there are many points of
      244 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Aquino warned against austerity measures
      574 4 Move could prompt Venezuelan-type protests, say lawmakers AFP PHILIPPINE LAWMAKERS yesterday warned the government against imposing austerity measures prescribed by the International Monetary Fund (IMF) following bloody riots in Venezuela. Hundreds of Venezuelans were Killed last week in protests against belt-tightening measures imposed by the
      AFP  -  574 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1029 4 ARRIVALS Operator Servke Local From number time FTl FT75 0315 ATL/DFW/ORD/ anc/nrt/ MNL/TPE ALK UL455 0325 TYO CAl CI333 0405 TPE SEY HM60I 0700 SEZ SIA SQ417 0810 DXB/KHI MAS MH640 0820 KUL SVA SV398 0835 JED/RUH MAS MH605 0900 KUL MAS MH651 0910 PEN MAS MH630
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    • Article
      Lock icon Taiwan's imports record first fall in over three years
      316 4 AFP TAIWAN'S imports felt 6 per cent in February from a year ago and exports fell 4.7 per cent, the Directorate General of Budget, Accounting and Statistics said on Sunday. Taiwan's trade surplus of US$62O million in February, up 2.9 per
      AFP  -  316 words
    • Article
      Lock icon Britain may take France to court over Nissan cars
      173 4 Reuter PRIME MINISTER Margaret Thatcher is prepared to take France to the European Court for refusing to allow British-made Nissan cars unrestricted access to the French market, British newspapers said yesterday. The Daily Telegraph cited government sources as saying Britain would
      Reuter  -  173 words
    • Article
      Lock icon EIE consultant hits out at Aussie resentment
      306 4 UPI A HIGH-POWERED Japanese businessman has hit back at resentment over the Australian property buying spree. Or Bungo Ishizaki, Australian consultant tor Japanese investment giant EIE, said the deep-rooted dislike of the Japanese among the majority of Australians was basically a case of
      UPI  -  306 words
    • Article
      Lock icon Aussie Labor Party set to win assembly elections
      182 4 Reuter AUSTRALIA'S ruling Labor Party emerged victor over the Sun-Rip-ened Warm Tomato Party on Sunday in a poll many voters did not want. Poll officials said Labor appeared certain to win control of the Australian Capital Territory's (ACT) first assembly after elections
      Reuter  -  182 words
    • Article, Illustration
      Lock icon China could play major role in rebuilding Iran, says Khamenei
      403 4 AP IRANIAN President Ali Khamenei said that China could play a major role in reconstruction projects Teheran launched after a UN ceasefire halted eight years of hostilities with Iraq. Teheran Radio, monitored in Nicosia, said that in his meeting with
      AP  -  403 words
    • Article
      Lock icon Seoul turns down Chinese firms' bid to set up offices
      182 4 UPI THE SOUTH KOREAN government has turned down bids by four Chinese trading firms to set up branch offices in Seoul because there are no relevant agreements between the authorities of the two countries, a spokesman for the trade industry
      UPI  -  182 words
    • Article
      Lock icon Eleven killed in Tibet as police and rioters clash
      418 4 AP ELEVEN PEOPLE were killed and more than 100 injured on Sunday when police and rioters exchanged fire in the worst outbreak ot violence in Tibet in a year, an official report said yesterday. One policeman and 10 people in the
      AP  -  418 words
    • Article
      Lock icon Thailand to negotiate for fishing rights
      177 4 AFP THAILAND is to negotiate for fishing rights from neighbouring Asian countries and compete with South Korea for concessions in Oman, the official Thai News Agency said. Thai deputy Foreign Minister Prapass Limprabhandu was quoted by the news agency on Sunday as saying Thailand
      AFP  -  177 words
    • Article
      Lock icon Beijing tightens control on its overseas investments
      194 4 AFP THE CHINESE government has tightened controls over its overseas investments, in particular the remittance of profits and foreign exchange income to China, the New China News Agency (NCNA) said on Sunday. All Chinese investors must now pay to the relevant foreign exchange
      AFP  -  194 words
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      Page 4 Advertisements Column 1
      40 4 LONDON Call your Travel Agent or Air jrudi Jt 7)*****. A BREA TH OF FRESH AIR mmmm The business person's choice even Tuesday, Thursday. Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning.
      40 words
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      Page 4 Advertisements Column 2
      21 4 15 MINUTES A DAY, 3 TIMES A WEEK That's how little aerobic activity you need to keep you fit KKP Fn
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      79 4 \msna B m Singapore OUTLOOK: llMmn OV#f Mnril STM( to ftoport for 24 houn prior to 7.30pm on Mordt 6 at #to otrporh Mu tamp 17 J Ante hwnMNr M MlntMiip. TL» Hra oi nmNm— 0.70 RaMaH Ms n*h M.7 Rainy day* Mo mfe— S Moofrool Moscow Nassau Now DoM
      79 words
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon Bush said to be ready with Tower's substitute
      392 5 AP IF THE US Senate rejects John Tower as defence secretary, the White House is expected to move quickly to name a replacement, even though it is not acknowledging the possibility of defeat. "The president has told his staff and has told
      AP  -  392 words
    • Article
      Lock icon Good harvest boosts Africa's food outlook
      465 5 AFP A GOOD 1988 harvest has boosted Africa's food supply outlook, but all 45 sub-Saharan countries will need to import wheat or rice in 1989, a UN Food and Agriculture Organisation (FAO) report said on Sunday. The region's harvest is estimated at a record
      AFP  -  465 words
    • Article
      Lock icon S African racial toll exceeds 4,000
      248 5 NYT MORE THAN 4,000 South Africans have died in politically inspired violence in the last four and a half years, according to statistics released by a university research group. The mounting death toll suggests that the state of emergency in effect since June 12,
      NYT  -  248 words
    • Article, Illustration
      Lock icon First mosque in Rome taking shape
      58 5 Reuter WORKERS holding a blueprint last week at the Rome mosque, the first in the historic centre of Christianity... when the mosque is completed next year, it will assume a major significance in the dialogue between Christianity and Islam, which is now Italy's second
      Reuter  -  58 words
    • Article
      Lock icon Botha's dispute with party chief erupts into the open
      275 5 UPI A DISPUTE between ailing President Pieter W Botha and the newly elected leader of Johannesburg's ruling National Party erupted publicly on Sunday over who controls the minority white government and its racial reform policies. National Party chief Frederik de Klerk,
      UPI  -  275 words
    • Article
      Lock icon Inflation in industrial countries up moderately
      216 5 Reuter THE INFLATION RATE in industrial nations rose for the second year in a row in 1988. the International Monetary Fund said in a report released on Sunday. The agency said the 1988 inflation rate in the world's industrial nations was 3.3 per cent,
      Reuter  -  216 words
    • Article
      Lock icon Soviet economist calls for capitalist reforms
      407 5 Budget deficit at 'danger zone' Reuter THE SOVIET budget deficit has reached the danger zone" and will rise above the equivalent of US$l6O billion in 1989. a key economic adviser to Soviet leader Mikhail Gorbachev said in an interview published on Sunday. Abel Aganbegyan,
      Reuter  -  407 words
    • Article, Illustration
      Lock icon Sudan forming broad-based government
      357 5 AP SUDAN'S Prime Minister Sadek el-Mahdi, bowing to popular, political and military pressure, would form a broad-based government to seek an end to the six-year rebellion in the south. Speaking at a news conference in Khartoum on Sunday, Mr el-Mahdi said that the Muslim fundamentalist National
      AP  -  357 words
    • Article
      Lock icon Chairman of firm in Libyan row resigns
      145 5 Reuter THE outgoing chairman of a West German firm suspected of helping Libya make chemical weapons was quoted on Sunday as saying he was perplexed by an international row over the affair and decided to resign to help clear it up. Juergen Hippenstiel-lmhau-sen
      Reuter  -  145 words
  • Page 5 Advertisements
  • Page 5 Miscellaneous
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1607 6 SINGAPORE: All quiet on the Asian front, with the only action, in sterling. Recent Bank of England intervention, coupled with a buy order against US dollar, pushed the pound to a 1.7317 high, up a cent. The pound/D-mark cross also strengthened by 1 1/2 pfg to 3.1850 on
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    • Article
      Money markets
      67 6 THE OVERNIGHT RATE on the Singapore money market fell by 1/2 point to close at 4 per cent yesterday. The onemonth rate fell by 1/16 point. The other term rates were unchanged. S$ Interbank rates at the close yesterday: OFFHt MO Ow4 3 7/1 1 -monMi 5 3/16
      67 words
    • Article
      IMM
      384 6 MOST IMM currency futures ended moderately higher in dull trading last Friday, supported by shortcovering after losaes earlier in the week. "We had a small correction after being down a couple of days.'' said one currency broker. Prices eased from their mid-morning highs on light dealer selling but scattered
      384 words
    • Article
      Government securities market
      101 6 Treasury bills Day's Period Issue Yesterday's closing code Maturity WD OFFER HIGH LOW 3 monlfo BQ*****E 1.06.89 3.82 3.77 3.83 3.79 6 months BS*****N 17.08.89 3.86 3.81 year BY*****H 23.11.89 3.90 3.85 3.89 3.87 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate
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    • Article
      Lock icon Simex
      563 6 BA Futures JUNE Eurodollar futures opened four ticks higher than last Friday's Simex close at 89.51 following a 0.2 per cent drop to 53 per cent in the February's US NAPM index as well as US Federal Reserve's injection of liquidity into the banking system via a US$l billion
      BA Futures  -  563 words
    • Article
      Options
      1330 6 CURRENCY FUTURES OPTIONS Monday, Mar 6 1989 DEUTSCHE MARK (S4MEX) Apr M c«M LOW Saa Apr High M pal* Low Sal 54 55 578 56 56 24 24 57 56 24 8 3IA 7IA 31 71 !i J Soa Jim High 88 pal* Low •oa 51 52 53 I6A
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    • Article
      Asian dollar market
      248 6 ASIAN DOLLAR deposit rates finished at their opening levels in quiet trade yesterday The market is now looking to Friday s release of US February employment data for some direction. dealers said. Short-dates and term rates were steady to slightly lower at the outset and were unchanged
      248 words
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      Page 6 Advertisements Column 1
      89 6 i I Enjoy FRESH ft LIVE seafood. Prepared Singapore style, amidst unique courtyard setting and old Singapore atmosphere. iIM 7 J* -it*. tx* Singapore style seafood restaurant right In the heart of the city. VIP rooms are available for you to entertain business associates and friends. For reservations, please call
      89 words
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      Page 6 Advertisements Column 2
      24 6 When in Britain, relv on Tern Rent-a-Car J* f t>i ilct.ills rcscr\ations. call 3fi= anglo French travel |(M Asia ("hanihcrs Id: 222 4 222
      24 words
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  • BANKING AND FINANCE
    • Article
      A golfer's dream and nightmare
      555 7  -  by PAUL FRANKLAND Paul Frankland is the Singapore branch manager for Commercial Union Assurance, one of the Republic's largest insurance companies. He is also a member of the management committee of Singapore 's General Insurance Association. His views do not necessarily reflect those of Commercial
      555 words
    • Article
      Lock icon Citibank aims for 30 Korean branches by '93
      147 7 UPI CITIBANK of the United States plans to expand its operations in South Korea from four branches to about 30 by 1993. Financial business sources in Seoul said on Saturday that the bank, a top profit maker among foreign banks in Korea
      UPI  -  147 words
    • Article
      Outstanding car loans from finance companies more than double
      227 7 OUTSTANDING car loans granted by finance companies rose by 110 per cent to $754.9 million last year, according to latest statistics from the Monetary Authority of Singapore. Last year's annual growth rate was higher than the 24.7 per cent increase in
      227 words
    • Article
      Lock icon Forecasts of up to 21pc growth for HongkongBank
      518 7 Reuter THE Hongkongßank group's 1988 final results this week are expected to show steady and respectable growth. Most analysts in Hongkong have forecast earnings growth of 18.5 to 23 per cent for Hang Seng Bank and 19 to 21 per cent for
      Reuter  -  518 words
    • Article
      Lock icon KIO cancels plans to sell Cartera Central stake
      345 7 FT IN AN ABRUPT TWIST to the bitter collapse of the merger of two of Spain's biggest banks. Banco Central and Banco Espanol de Credito (Banesto), the Kuwait Investment Office (KIO) has dropped plans to sell its US$4OO million stake in Cartera
      FT  -  345 words
    • Article
      Lock icon Bank of New York sells four units
      262 7 NYT THE BANK OF NEW YORK Co has reached an agreement to sell four banks in New York to NBT Bancorp Inc. a bank holding company based in Norwich, New York. At the end of 1988, the four banks had combined total assets
      NYT  -  262 words
    • Article, Illustration
      World interest rates
      193 7 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on Mar 6 us$ DM SWFC Y«o 7 dOyt 1 mi) 3 6 12 Mk 9 13/16 11/16 10 9 7/0 10 10 10 3/0 10 1/4 10 3/0
      193 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      113 7 Look out any window, you'll find Richard Ellis. All over Singapore: Hongkongßank Building. MAS Bu.ld.ng. IBM Towers. Southpomt. Promenade. resources to handle all of your property needs efficiently n the fastest turnaround time Inchcape House. And more. Our record speaks for itself. In fact, last year we leased and sold
      113 words
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  • COMMODITIES
    • Article
      Rubber
      342 8 SINGAPORE: Rubber prices ended weaker with April 1 RSS buyer quoted at 210.50 cents a kg yesterday, down two cents from last Friday s close. Brokers said the morning session lost three cents in quiet trading, reflecting easier Japanese advices The market recovered about one cent in quiet afternoon
      342 words
    • Article
      RAS and MRELB
      257 8 RAS prices In S cento/kg, FOB In balM NOON CLOSE Buyers Sellers Buyers Sellers Inf 1 RSS Prompt 206.00 207.00N 207.00 208.00 kit 1 RSS Apr 89 209.50 210.50N 210.50 211.50 Int 1 RSS May 211.00 212.00N 212.00 213.00 Int 2 RSS OP 201.50 203.50N 202.50 204.50N
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    • Article
      SSR and SMR
      77 8 (cantl/kg) APRIL 1989 MAY 1989 (current month) (forward month) RAS NOON NOON Suyan Safer* Buyari Sallan SSR 20 190.50 192.50N 190.50 192.50N SSR 50 188.50 190.50N 188.50 190.50N MRELB Buyau Saltan Buyari Saltan SMR CV 304.50 305.50N 305.50 307.50N SMR L 302.50 304.50N 304.50 306.50N SMR 5
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    • Article
      KL Tin
      198 8 STRONG buying demand mainly from Europe raised the Kuala Lumpur Tin Market to M 522.88 a kg yesterday, up 28 cents from last Friday's close, brokers said. The weakness of the ringglt and the resumed bull run on the European free market influenced sentiment, they said. "The market
      198 words
    • Article
      Palm Oil
      335 8 MALAYSIAN crude palm oil futures closed slightly steadier in moderate trading on the Kuala Lumpur Commodity Exchange (KLCE) yesterday. Dealers said shortcovering and a slightly steadier close on the Chicago Board of Trade (CBT) and India's purchase of 6,000 tonnes of RBD palm oil helped to firm the
      335 words
    • Article
      Precious Metals
      532 8 HONGKONG: Gold closed slightly firmer in featureless but moderate trading on bargain hunting by local speculators yesterday, dealers said. They said the selling from Japanese and Australian investors was quickly absorbed and short covering by local traders pushed the metal to close at its highest in the morning
      532 words
    • Article, Illustration
      Lock icon M'sian tin industry unlikely to boom
      433 8 Reuter MALAYSIA'S tin industry, the world's largest, is unlikely to experience its earlier boom despite the surge in prices, industry analysts said. Diversion of state land and the priority given to electronics and manufacturing have left the tin industry virtually unchanged since world tin
      Reuter  -  433 words
    • Article
      Lock icon Malaysia's output of tin down 1.3pc
      246 8 Bernama MALAYSIAN production of tin-in-concentrates eased 1.3 per cent to 2,496 tonnes in December last year compared with 2,529 tonnes in November. According to the figures released by statistics department in Kuala Lumpur last Friday, stocks at the end of December 1988 amounted to
      Bernama  -  246 words
    • Article
      Produce Prices
      199 8 Chinese Produce Exchange Sellers' noon closing prices on Mar 6 (SS/100 kg) Coconut oil Bulk FOB 108.00 Old drum FOB 118 00 New drum FOB 122.00 Copra Mixed (k>oi«) 64.00 Pepper Muntok white FOB NIW 740.00 Sarowok white FOB foq NIW 730 00 Sarowok special block FOB NIW
      199 words
    • Article
      Lock icon Crude Oil and Products
      170 8 Telerate FUEL OIL PRICES were relatively flat on the Singapore market yesterday. Volume of trade remained light with buysell indication still hovering around last Friday's levels. Market direction was uncertain with news of cut-backs by non-Opec countries and rumours that there were fewer Kuwaiti cargoes coming
      Telerate  -  170 words
    • Article
      Lock icon Johor identifies several gold-prospecting areas
      224 8 Bernama THE JOHOR STATE government has identified several gold-pros-pecting areas in the state and it is expected to submit applications for prospecting licences to the federal government soon. State secretary Datuk Abdul Rahim Ramli said last Saturday that several hundred applications for prospecting licences had
      Bernama  -  224 words
    • Article
      Lock icon US widens inquiry into credit guarantee abuses
      391 8 UPI AMERICAN INVESTIGATORS have said at least 28 exporters twice as many as reported last fall blended US and foreign tobacco and then shipped it with credit guarantees offered only to purely US products The investigation of abuses of the export credit guarantee
      UPI  -  391 words
    • Article
      Lock icon Opec may meet non-Opec producers
      231 8 Reuter MINISTERS from Opec and non-Opec oil producing nations may meet in Vienna on March 31 to discuss ways of boosting cooperation to stabilise world oil markets, according to the Kuwait News Agency (Kuna). In a report from Vienna quoting a highly placed source at
      Reuter  -  231 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      89 8 FREEHOLD INDUSTRIAL DEVELOPMENT SITES m QotdFVw Industrial £g <* i 5 m m i IA'AN 147/ A Kampong Ampat Singapore 1336 Site Area: 9,389.1 sq. m. (101,063 sq. ft.) Zoning: Industrial Plot Ratio. 2.5 M 5? Jig. MM AN /Co /feSSSL UM9OOII fBV »c*-isrqu, J W* NTV ..WW-'*" I.#/ "OIiSN
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  • TECHNOLOGY
    • Article, Illustration
      Adams's book now a zany computer game
      1269 9  -  1?@ By JEFFREY TSANG "YOU wake up. The room is spinning very gently round your head. Or at least it would be if you could see it, which you can't. It is pitch black." With an opening like that, you know the computerised
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    • Article, Illustration
      Software store enjoys a boom
      612 9  -  By JEFFREY TSANG THE ANTI-PIRACY copyright laws have cleaned up the PC software market enough for a pioneer in software sales to begin expanding its operations. Challenger Micro Computer Products, a hardware dealer, set up its first software retail store last June And although software
      612 words
    • Article
      Lock icon Computers taking over as Nasa staff retire
      415 9 NYT INCREASED RELIANCE on advanced computers to run space missions is helping the United States' National Aeronautics and Space Administration (Nasa) cope with impending retirement of experienced personnel that threatens to cripple its operations. And in some cases, it turns out that the
      NYT  -  415 words
    • Article
      Lock icon US building power plant driven by compressed air
      268 9 AP AN ALABAMA power cooperative has started building the United States' first commercial power project that will draw on a huge reserve of compressed air to help generate electricity during periods of peak demand. Such plants are "very economically attractive'' for supplying
      AP  -  268 words
    • Article
      Lock icon The diamond may well be a chip's best friend
      309 9 NYT A TEAM of American and Israeli scientists has discovered a way to grow diamond coatings on silicon wafers, a process they said may lead to a powerful new generation of computer chips. The accomplishment was reported in the current issue
      NYT  -  309 words
    • Article
      Local firm wins $2m Australian contract
      317 9 LOCAL information technology company Unidata has successfully penetrated the Australian computer market. Its latest coup is a contract worth $2.3 million with the Plumbers Suppliers Cooperative in Sydney. Unidata's director, Mr Robert C S Tan, said the company set up a subsidiary in Sydney
      317 words
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      Page 9 Advertisements Column 1
      286 9 If Sony had created m m ■ra"ißis bedroom He needs all the vital information and keeps tab on the pulse of the business world. Hectic Pressurized. Ife the executives syndrome of being caught in the rat race of the 90"s. Thanks to TELETEXT, this 14nnch wonder with TELETEXT capability, he
      286 words
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  • PERSPECTIVE
    • Article
      A budget few can quarrel with
      490 10 BUSINESSTIMES TUESDAY, MARCH 7, 1989 CONSERVATIVE and innovative are two adjectives that are normally mutually exclusive. But they are not in the budget for fiscal year 1989/90 which Finance Minister Or Richard Hu presented last Friday. Or Hu's budget was conservative in several ways,
      490 words
    • Article, Illustration
      When you take your job and shove it...
      577 10 THE EMPLOYMENT agency industry has grown by leaps and bounds since Joan Tooke's Secretarial Employment Agency emerged 40 years ago. It is now an industry worth about $20 million in annual turnover. but 70 per cent of it is probably accounted for
      577 words
    • Article, Illustration
      The rift between employment agencies
      1161 10  -  By ANNA TEO THE SEEKER of a temporary job asked if she could be paid a "non-CPF" salary rate. The interviewer at the employment agency replied matter-of-factly: "That can be discussed." Never mind if, in fact, the matter need not be discussed. Central Provident Fund
      1,161 words
    • Article
      Lock icon The prospect of inflation rears its ugly head
      668 11 NYT HOW MUCH INFLATION is too much? And when the people who make economic policies in Washington decide the answer to that question, what happens? Since 1982, these people have had the luxury of talking tough about inflation without having to pay
      NYT  -  668 words
    • Article, Illustration
      Lock icon The seeds of soft protectionism?
      1265 11 Debate over subsidies and agricultural trade NYT IN THE NAME of agricultural self-sufficiency, nations pay a high price in the form of farm subsidies, foreign trade restraints and the stockpiling of mountains of grain. As the world's leading exporter of food, the US wants an
      NYT  -  1,265 words
    • REGIONAL VIEWPOINTS
      • Article
        Economic power tilts East
        460 11 JAPAN "THE RISE OF JAPAN as an economic power second to none but the US has helped to shift the balance a bit to the East, particularly the Asia Pacific region, which is the fastest growing area in the world. As Japan chalked up massive trade
        460 words
      • Article
        Towards normalisation
        276 11 INDONESIA "CHINA AND INDONESIA have agreed to begin the process of restoring diplomatic relations after a 22-year break Both countries were reported to have agreed to normalise relations on the basis of noninterference and peaceful co-existence Although the timing of the agreement was unexpected, the decision to normalise
        276 words
      • Article
        Second-phase reaction
        199 11 HONGKONG "THE SECOND DRAFT of the Basic Law was endorsed without making any changes last Tuesday by the Chinese National People s Congress (NPC) and will be debated over the next five months in Hongkong. After nearly four years of arduous deliberations, the drafting process is entering its
        199 words
      • Article
        Brushing up its English
        215 11 "TOO MANY PEOPLE in Hongkong are failing to recognise the importance of English to the future of international finance and communications in the territory. The decline in the standard of spoken and written English in recent decades is obvious and measurable, and efforts by the government
        215 words
      • Article
        An imminent split?
        322 11 KLSE/SES "SUGGESTIONS to sever links between the Kuala Lumpur Stock Exchange (KLSE) and the Stock Exchange of Singapore (SES) are not exactly new, the idea having been mooted several times in the past. This time around, however, there are definite signs that there could be an imminent
        322 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      99 10 W'm PWBSP2 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,
      99 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      38 10 Bristcwrftanfr rarfrnc SCE.MC- Thic sectßrry oFFtce.S IN THE, cMesTeR-lkKvy &OILD>NG. ito3c- 15 n &ORRD mccTiNG "TornoßßoU).... tOHPTf J HP>VC- V seeN mßoe PL^sg 50 ON PUTy FVND P'WKSrOeN Po^lTiO^D on F\DjACCNT high Buildings. He. H&& B€£Nl CORDONED OFF
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      174 11 33 •Ji B l« n a» S n, i! VL ~r %M'-£ I *«J 22*. !.S wr-^;r S3 a aw W^Xi EVSai lrj-1? m A r" BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than
      174 words
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  • LEISURE
    • Article, Illustration
      Lock icon Beckett emerges with meditation on old age
      442 12 LITERATURE AP iN HIS 83rd year, Samuel Beckett has emerged from his studied silence with a 1,801-word meditation on old age that a reviewer has praised as "another of Beckett's nihilistic mantras, best mumbled aloud". Only 200 copies of Stirrings Still, the new
      AP  -  442 words
    • Article
      Lock icon SHORT TAKES
      273 12 Agencies DONALD TRUMP has a vision of "Disneyland in Atlantic City" and "the most spectacular building" in the US his casino. The 1,250-room Trump Taj Mahal Casino Resort compete with Arabic-style domes, an amusement park and a heliport will be the biggest gambling casino in the world, Trump
      Agencies  -  273 words
    • Article
      Lock icon Burgers and stock quotes
      451 13 TRENDS UPI AN ORDER (or lunch comes in via the fax machine. Telephone jacks throughout the restaurant allow customers to close business deals while others awaiting their meals check the latest stock prices. An exclusive restaurant? No. it is a new McDonald's in Houston. The world
      UPI  -  451 words
    • Article, Illustration
      Lock icon Head of women's group hits out at sex discrimination
      554 13 WOMEN'S RIGHTS AP THE HEAD of China's official women's organisation has criticised discrimination against women in education and politics and urged new efforts toward women's liberation, the People's Daily said on Sunday. Using unusually strong language, Chen Muhua, chairman of the
      AP  -  554 words
  • Page 12 Advertisements
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      314 12 CALVET Where to entertain. ONE G(X)D REASON TO LUNCH ATTHE PALM grill IS OUR APPETISER BUFFET ANOI'HER IS THE CHOICE OF M\lN C(X RSES. PALM -Ma For between $26+ and $40+ you can select from our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main
      314 words
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      Page 12 Advertisements Column 2
      183 12 MALAYSIAN HIGH TEA ONLY $7.00++ 4 Mil 1 L Try Something Malaysian Style •HIGH TEA" From three to six every aftemum your choice of 15 Buffet spread of delicious Kueh Lipis. Kueh Dadah. Mee Siam, Kueh Kuchee. Agar Agar Gundil. Bubor Hitam, Gula Melaka and many more. Unlimited servings Time:
      183 words
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      Page 12 Advertisements Column 3
      268 12 DEUCIOZO HYATT Mama Mia! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad
      268 words
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      Page 12 Advertisements Column 4
      232 12 Exquisite Thai-Oriental Cuisine at its best *4KXX>-TH€4Tfi€ O*** SMKXX KSUUI4IT Beef on Hot Plate Seafood Combination Crabmeat Pancake Fashion Shows on Tuesdays Fridays at 1.15pm Plaza Hotel Road Smgflpore 0719 24 -hr Coffee xHouse/ (Level 5) Where the service is good, the ambience great, the food simply marvellous! An experience
      232 words
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      Page 12 Advertisements Column 5
      182 12 A TCTE wwum ATTHE M\ND\M Ogifi-sed b, EAST-WEST EXPRESS CO LTD Co Ov March 2-8 Reception HaH (sth floor. South Wing) You can now get a taste of the whole Thai experience conjured up by 20 Thai cooks and served up with a Thai cultural troupe. Plus, win many air
      182 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      197 13 ■3, <T m Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daily, for every arink you order you get your next FREE And bottle purchases are at 25% less There's no happier time to enjoy your favourite drinks and some of
      197 words
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      Page 13 Advertisements Column 2
      75 13 CALVET A WAY OF Calvet Reserve Blanc et Rouge Of all the distinctive cuvees earmarked for the making of Calvet Reserve, only the finest is used. And only after painstaking elimination. The best of Calvet, these super premium bordeaux wines are matured in oak. aged in bottles. An expensive but
      75 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      642 13 li t I CRYPTIC PUZZLE ACROSS 3 Supernaturally keen? (5) 8 Might he lose heart if the iron broke? (5) 10 Best bit of bakelite (5) 11 A number of Hottentots (3) 12 A female fragrance (5) 13 Biting witticism by a chap (7) 15 It's included for illustration (5)
      642 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1326 13 TV and RADIO 1111 ■< OUR CHOICE TOP SECRET, *10.30pm, Channel 5 This 1984 spy-movie spoof pulls out all the stops when it comes to being corny or slapstick. Off-beat humour and risque situations abound when a famous American rock star falls in love and gets mixed up in a
      1,326 words
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  • SPORTS
    • Article, Illustration
      One giant swing for S'pore
      673 14  -  GOLF By WALTON MORAIS SUNDAY, March 5, will go down in Singapore golf history as the day a local boy entered the lion's den, and survived to tell the story. But no more. In making his heart-warming charge on Lu Chlen Soon for the Rolex
      673 words
    • Article
      Lock icon McCallister clinches PGA Classic by four strokes
      285 14 Reuter BLAINE McCALLISTER, the worst putter on the US Tour in 1982, putted his way to a four-stroke victory in the US$BOO,OOO PGA Classic golf tournament on Sunday. McCallister shot a final round of eight-under-par 64 in Coral Spfings, Florida, to set a
      Reuter  -  285 words
    • Article
      Lock icon Mark James takes Desert Classic after play-off
      355 14 AFP MARK JAMES almost certainly booked a Ryder Cup recall when he snatched a £41,660 jackpot from Australian newcomer Peter O'Malley in the Desert Classic on Sunday. James sank a six-foot birdie putt at the first play-off hole in the Dubai event after
      AFP  -  355 words
    • Article
      Lock icon Steffi Graf wins in San Antonio
      220 14 TENNIS UPI TOP-SEEDED Steffi Graf needed 77 minutes in chilly 30-degree weather on Sunday to beat Ann Henricksson, 6-1. 6-4, and win the US$2OO,OOO US Women's Hardcourt Championships Graf, who defeated Katerina Maleeva in last year's final, won US$4O,OOO for the championship, her 33rd
      UPI  -  220 words
    • Article
      Lock icon Manon Bollegraf bags her first title in straight sets
      160 14 AP MANON BOLLEGRAF of The Netherlands defeated Leila Meskhi of the Soviet Union in straight sets on Sunday to win the UBSIOO.OOO Virginia Slims of Oklahoma tennis tournament. Bollegraf took the match 6-4. 6-4, to claim the US$l7,OOO first prize and
      AP  -  160 words
    • Article
      Lock icon Tony Meo claims British Open title — and his self-respect
      271 14 Tony Meo claims British Open title and his self-respect SNOOKER AFP TONY MEO, who has shed so many tears of sorrow, cried with joy on Sunday after winning the British Snooker Open in Derby, England. Meo emerged from five years of deep depression to crush Dean Reynolds 13-6 and claim
      AFP  -  271 words
    • Article
      Five to take part in Kaohsiung event
      187 14 SHOW JUMPING FIVE Singaporean equestrians are preparing to compete in an international competition to be held tomorrow in Kaohsiung. Taiwan. The team members, who are members of the Bukit Timah Saddle Club, and their coach flew to Taiwan yesterday. They are to compete
      187 words
    • Article, Illustration
      Lock icon Soviet Union is tops in world indoor event
      501 14 ATHLETICS UPI THE SOVIET UNION emerged as the top nation with four gold, five silver and four bronze medals as the World Indoor Track and Field Championships in Budapest closed on Sunday. Despite the non-appearance of Olympic champions Carl Lewis and Joe
      UPI  -  501 words
    • Article
      BONDS, LOANS & WARRANTS
      701 14 BONDS, LOANS WARRANTS Company Expiry/ Coupon i Con vac lion period i maturity data payable •hare CK Toog Wrti *****990 Anytime to May 31. 1990 1 warrant plus (2 25 cosh Chuon Hup Wrt* 1991 Anytime on or offer Mar 1987 1 6 warrants plus $1 60 cosh until Dec
      701 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      93 14 The runner IN THIS YARDS FROM A SLIGHTLY-ELEVATED GREEN, THE MJtH/P SHOT y CAN BE EFFECTIVE OPE THE STANCE mmi 6 SPAMQOLF/EXPRESS IMS KEEP THE LOWER BODY QUIET" AS YOU SWING BACK AND THROU6H MAINLY WITH THE HANDS AND ARMS J •I Peter imisM mi Pirci mum THE BALL WILL
      93 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Some confusion over SPH share value as counter resumes trading
      549 15  -  By ROSIE TAN SINGAPORE PRESS Holdings Ltd (SPH) with wholly-owned subsidiary Times Publishing Bhd hived off under a recent demerger exercise resumed trading yesterday with its share price closing at $6.20 compared with a pre-suspension price of $8.20 apiece. Investors'
      549 words
    • Article, Illustration
      Lock icon Ashton planning major expansion of output
      392 15 Reuter AUSTRALIA'S Ashton Mining Ltd, which is 46 per cent owned by Kuala Lumpur-based Malaysia Mining Corporation Bhd, is planning a major expansion of diamond and gold output in 1989. Ashton, the biggest diamond miner outside South Africa, is proposing a one-for-three rights issue
      Reuter  -  392 words
    • Article
      Stake in Apollo raised to 33.68pc
      409 15 THE HONG LEONG group has received acceptances for another 4,000 shares or 0.0001 per cent of Apollo's paid-up capital. This brings Hong Leong's entire stake in Apollo to 33.68 per cent, with total acceptances for 16,000 shares. In order for Hong Leong Enterprises Re
      409 words
    • Article
      QC disputes share price
      275 15 THE ALLAN NG TRIAL EVEN IF it was known that the shares of Sealion Hotel Ltd would be relisted, the share price would have been no more than the then known net asset value of 65 cents a share, said defending Queen's Counsel John Mathew on
      275 words
    • Article
      Genting Int'l seeks Luxembourg listing
      312 15 AFTER MONTHS of speculation, Genting International Ltd (GIL), a member of the Genting Bhd stable, has finally confirmed that it intends to apply for a listing on the Luxembourg Stock Exchange. In a letter to GIL shareholders dated Feb 17, GIL said it intends to
      312 words
    • Article
      NOL ventures into marine repair and services
      352 15  -  By MICHELLE OH NATIONAL flag carrier Neptune Orient Lines Ltd is venturing into the general marine repair and maintenance services business. It is tying up with Atlantis Engineering and Construction Pte Ltd (AECPL), formerly known as Atlantis Maritime Pte Ltd. AECPL. whose main
      352 words
    • Article
      Mulpha expects $1.7m pre-tax profit this year
      595 15  -  Company not in a position to pay dividend By HERMAN PHUA MULPHA (S) Ltd, which is proposing to change its name to Guthrie GTS. is confident of achieving a turnaround this year and has forecast pre-tax profits of $1.75 million for the year
      595 words
    • Article
      Prima profits rise 32pc despite competition
      482 15 PRIMA LTD (Flour Mills) has churned up a 32.8 per cent rise in profit after tax and minorities to $29.74 million for 1968 despite intense competition from foreign flour suppliers. Based on a paid-up capital of 37.5 million $1 shares, the earnings per share
      482 words
    • SES
      • Article, Illustration
        Global interest rate fears continue to weigh heavily on local market
        1150 16  -  -br ANDREA BORCH THE SPECTRE of global interest rate rises continued to haunt the local market yesterday, hiding the bright spots of the recently announced Budget and the expected good corporate results. The market continued its upward momentum for
        1,150 words
      • Article
        COMPANY MEETINGS
        123 16 KUALA LUMPUR KEPONG BERHAD: 16th AGM at the Registered Office. Wisma Taiko. 1 Jalan SP Seenivaaagam, ***** Ipoh, Perak on Monday. March 13, at 12.30 pm. AVIMO SINGAPORE LIMITED: 15th AGM at Lao Room, Marina Mandarin, 6 Raffles Boulevard, Marina Square. Singapore 0103, on Monday, March 20, at
        123 words
      • Article
        APPROVED ISSUES
        69 16 Company RIGHTS ISSUE Inno-Pocific Thr«*f0r-N»0 @|IXpf Itor* |2 no—inol amount of loon itock i two TSIj E» dot* F«b 24 Books dot*: Mor 6 S«langor Dr«dg On* for ttv** $0 50 p*r thart Ex dot* Mor 6 Boob ctos*' Mor X Company BONUS ISSUE Harrisons Msia On«-for-on* f»
        69 words
      • Article
        PROPOSED ISSUES
        307 16 Company RIGHTS ISSUE Ayer Hitam Tin One-lor one Q $1 10 per shore B«rjayo Corpn One for one )1 00 par per shore C 1 Holdings 27 imtlion loon stocks in the roho ol (3 loon stock (Of every five ordinory shores held Cousoway Inv Issue of $7,252,937
        307 words
    • Article
      SES SHARE INFORMATION
      5617 16 1M High a/M Low Tel Cod* Company Laet Sale MAROt orVol (000) Day High Low Laet Q Buyer uok Gr*a Dtv Dtv C*VT Qr's rid Net P/E M Cap SmH SECTION ONE INDUSTRIAL A COMMERCIAL 162 85 254 167 135 460 237 350 132 167 177 297
      5,617 words
    • KLSE
      • Article, Illustration
        KLSE ends lower
        3374 17 DESPITE an encouraging start, tha Kuala Lumpur stock market finished lower over a broad front yesterday and share pricee yielded to profit-taking in lackluatre trading. Price changes were mostly marginal either ways. Dealers said most market players prefered to stay out of the market in the absence
        3,374 words
    • REGIONAL MARKETS
      • Article, Illustration
        Initial rally fizzles out
        1324 18 Hongkong HONGKONG share traders took back the Hang Seng index's initial 36-point gain as the market closed little changed yesterday. The Hang Seng rose 2.37 points to 3,058.95 and the Hong Kong index 1.88 points to 2.020.46. Turnover totalled HKSI.39 billion, just under 1.41 billion for
        1,324 words
      • Article, Illustration
        Lock icon Stocks close lower
        516 18 Tokyo Reuter TOKYO share prices ended lower in scant turnover yesterday. Most participants took profits or stayed put as concern over the political and interest rate fronts were joined by worries over a volatile cash market when March index futures contracts expire today, brokers said. "Politics and
        Reuter  -  516 words
      • Article, Illustration
        Lock icon Slight gain at close
        496 18 Australia Reuter THE AUSTRALIAN stock market yesterday consolidated on earlier gains amid investor caution and listless trading. By the close of floor trading, the All Ordinaries Index had edged up 5.0 points to 1.512.9. Brokers said hopes of a rally on stronger metal prices failed to
        Reuter  -  496 words
      • Article
        Lock icon Bangkok: Index down
        157 18 Reuter THE SECURITIES Exchange of Thailand Index fell 1.89 points to 429.18 yesterday on a turnover of 6.760,382 shares worth 530.11 million baht. MAN M Ao Kham Thai Ayudhya Investment Bangkok Aground Bangkok Bank Bank Ol Ayudhya Charoong Thai Wire A Cable Data mat Dhana Slam Fin
        Reuter  -  157 words
      • Article
        Lock icon Taipei: Higher finish
        419 18 Reuter STRONG BUYING by investors In late morning pushed the Taiwanese stock index higher yesterday. reversing its earlier loss, brokers said. The weighted index roee 126.36 points or 1.77 per cent to end at 7,190.96 against Saturday's 7,065.59 finish. Turnover rose to NT557.73 billion from Saturday's NT154.87
        Reuter  -  419 words
      • Article
        Lock icon Seoul: Stocks rise
        64 18 Reuter SEOUL STOCKS roee yesterday as institutions bought heavily in the trading, banking and construction sectors, brokers said. The market's composite stock index was up 7.91 points to 921.53, following Saturday's reversal of last week's losses. Turnover was moderate after a computer breakdown in the morning, ending
        Reuter  -  64 words
      • Article
        Lock icon New Zealand: Low turnover
        63 18 Reuter THE NEW ZEALANO share market cloeed firmer yesterday with good gains among the leaders but brokers said turnover was low. "I think it (the rise) is a little overdone," one broker said. Others said it was more a lack of sellers than strong demand which
        Reuter  -  63 words
      • Article
        Lock icon Manila: Index soars
        74 18 Reuter MANILA'S composite index continued to breach resistance levels snd soared to a 1969 high yesterday after investor interest in Galoc 1A exploration well in the central Philippines fuelled brisk trading, brokers said. The index closed 2.9 per cent higher at 933.13 points from a previous record
        Reuter  -  74 words
    • INTERNATIONAL COMPANY NEWS
      • Article
        Lock icon GEC starts work on bid for Shorts
        499 19 Reuter BRITAIN'S General Electric Co pic, whose joint plan to buy Short Brothers pic with Koninklijke Nederlandse Vliegtuigenfabriek Fokker was one of two shortlisted by the UK government, is starting work on a detailed bid for the state-owned firm. GEC director Malcolm Bates
        Reuter  -  499 words
      • Article, Illustration
        Lock icon Puma expects a return to profitability
        362 19 Reuter SPORTS GOODS MAKER Puma AG Rudolf Dassler Sport expects to return to profit in calendar 1989 after breaking even last year, managing board chairman Hans Woitschaetzke has said. He pointed out that the company's performance had been positive since mid-1988 and the current
        Reuter  -  362 words
      • Article, Illustration
        Lock icon Madonna upsets Pepsi by appearing in sexy video
        343 19 Reuter A SCANTILY DRESSED Madonna has upset her latest employer, Pepsi Cola, by appearing in a sexy video featuring religious imagery. The Pepsi bubble burst when company executives saw the Ital-ian-American chanteuse dancing with a gospel choir, kissing the naked teet of
        Reuter  -  343 words
      • Article
        Lock icon Edelman plans to change Storehouse management
        274 19 Reuter ENTREPRENEUR Asher Edelman plans to change the management of troubled British retailing group Storehouse pic after increasing his stake last Thursday to 7 per cent from 6 per cent,. Speaking on the Channel Four television Business Programme yesterday, he said: "I foresee in
        Reuter  -  274 words
      • Article, Illustration
        Lock icon Merger wards off takeover threat
        676 19 Time Inc and Warner Communications Inc have defended their merger as "an old-style merger, without any defensive characteristics". Is it? An analysis of the proposed tie-up seems to suggest otherwise. And, will this marriage work? A question prompted by an announcement that Steven J Ross
        Reuter  -  676 words
      • Article
        Lock icon Rival Newsweek scoops Time on merger story in its latest issue
        359 19 NYT THE PLANNED MERGER between Time Inc and Warner Communications Inc may be one of the biggest business stories of the year, but readers of Time magazine will not see it in its latest issue. The announcement of the
        NYT  -  359 words
      • Article
        Lock icon Analysts see snags in two-CEOs plan
        643 19 NYT WILL THIS marriage be a success? That was the question swirling around Wall Street in the wake of the announcement that Steven J Ross and J Richard Munro plan to be co-chief executive officers of a combined Time Warner Inc. "Whenever you have
        NYT  -  643 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        605 19 Reuter ZURICH: Swiss share prices closed higher across the board in active trading yesterday as the market followed sharp gains in shares of Credit Suisse, dealers said. The bank's bearers rose 225 Swiss francs, or more than 8 per cent, to 2.975 francs. Credit Suisse shares were
        Reuter  -  605 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      542 15 Financial Newsmakers PRIMA LIMITED (FLOUR MILLS) (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The Directors ot Prima Limited are pleased to make the following announcement:AUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1988 The Company 31.12.88 31.12.87 SS'OOO The Group 31.12.88 31.12.87 srooo Interest on Borrowings. Depreciation and Amortisation
      542 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      420 19 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BEE BOON PTE LTD (In Members' Voluntary Windinc-Up) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company which Is being wound ap voluntarily, are required on or before the 7th day of April
      420 words
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  • Article
    Third World urged to wield collective strength
    490 20  -  Developing countries must act against protectionism By MARGARET THOMAS DEVELOPING COUNTRIES which want to see a more than open global trading system ought to be pushing for it, in the view of a senior European Commission official. "If the Third World does not
    490 words
  • Article, Illustration
    President from Taiwan starts four-day visit
    241 20 PRESIDENT LEE Teng-hui from Taiwan began the first day of a fourday visit here with a courtesy call on Acting President Lim Kim San yesterday. The courtesy call, made about two hours after President Lee arrived at Changi Airport in a special presidential aircraft,
    241 words
  • Article
    Lock icon Recruit share scandal: former NTT head arrested
    287 20 Reuter JAPANESE Prime Minister Noboru Takeshita was dealt another political blow yesterday when the former head of the giant Nippon Telephone and Telegraph (NTT) was arrested on suspicion of taking bribes. The Tokyo district prosecutor's office said that Hisashi Shinto and a former
    Reuter  -  287 words
  • Article
    Lock icon Asean coordinates strategy to cope with refugee problem
    161 20 UPI ASEAN COUNTRIES, struggling to cope with Vietnamese refugees, coordinated their strategy yesterday before a giant gathering in Kuala Lumpur of delegates from 37 countries to tackle the mounting problem. "We want to solve the refugee issues once and for all," said
    UPI  -  161 words
  • Article
    Lock icon Price Waterhouse to review Bank Negara's internal controls
    117 20 AFP BANK NEGARA, Malaysia's central bank, said in Kuala Lumpur yesterday that it had engaged the international accounting firm Price Waterhouse Associates to review its system and internal controls. Bank governor Jaffar Hussein said the move had been made to "further strengthen
    AFP  -  117 words
  • Article
    Lock icon Vietnam reveals terms of new law for foreign investments
    336 20 Reuter VIETNAM, trying to revive its moribund economy with major reforms, yesterday unveiled fresh details of a law aimed at encouraging foreign investment. A senior government economist involved in drafting the law, which was passed in 1967 by the National Assembly,
    Reuter  -  336 words
  • Article
    Lock icon Comex gold
    96 20 Reuter COMEX GOLD FUTURES retreated on producer selling early yesterday after firming on buying carried over from overnight markets The Soviet Union s announcement of an oil export cut in first half of this year buoyed sentiment briefly, analysts said. April gold retained a minor gain of US$O
    Reuter  -  96 words
  • Article
    Lock icon Oil firms seek more incentives
    138 20 AFP FOREIGN OIL COMPANIES yesterday urged the Indonesian government to give more exploration incentives to help reverse falling crude oil production. The Indonesian Petroleum Association (IPA) said that it endorsed the government's latest incentive package, the second in six months, aimed at encouraging exploration in
    AFP  -  138 words
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    Lock icon Nato countries agree on conventional arms plan
    380 20 AFP THE Conventional Forces in Europe (CFE) talks were to open in Vienna yesterday with a Nato blueprint for ending the 40-year-old arms race in Europe, diplomats said Only hours before the forum was given its ceremonial kickoff, the North Atlantic Treaty Organisation
    AFP  -  380 words
  • Article
    Lock icon Ex-film star backs troubled Greek PM
    177 20 Reuter FILM STAR-TURNED politician Melina Mercouri is backing Greek Prime Minister Andreas Papandreou to win a third term of office in elections this summer in spite of the fact that his image is at an all-time low. In an interview with the Greek daily
    Reuter  -  177 words
  • LATE FILE
    • Article
      Lock icon Cabinet reshuffle in Vietnam
      65 20 Reuter VIETNAMESE leader Nguyen Van Linh has strengthened his position with a Cabinet reshuffle aimed at speeding up the reforms essential for revitalising the country's economy. The appointment of Ho Chi Minh City Mayor Phan Van Khai as minister-in-charge of state planning was seen by officials
      Reuter  -  65 words
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      Lock icon Ringgit at all-time low
      47 20 AFP THE RINGGIT weakened to an all-time low of 2.7483 against the US dollar yesterday from an opening of 2.7445 amidst commercial demand for the greenback. Demand by some oil companies to cover their import requirements brought the ringgit down, dealers said. AFP
      AFP  -  47 words
    • Article
      Lock icon Malaysian King calls for R&D
      34 20 Bernama THE MALAYSIAN King yesterday called for research and development in industrial and agricultural production to be intensified to ensure that Malaysian produce and goods find new markets. Bernama
      Bernama  -  34 words
    • Article
      Lock icon Meeting on Gulf peace efforts
      37 20 AFP FOREIGN MINISTERS of the six Gulf Cooperation Council states opened a meeting in Riyadh yesterday which is to include talks on efforts to break the deadlock in Iranian-Iraqi peace talks. AFP
      AFP  -  37 words
    • Article
      Lock icon Sri Lankan PM sworn in
      25 20 Reuter FINANCE MINISTER Dingirl Banda Wijetunga was sworn in as Sri Lankan Prime Minister yesterday by President Ranasinghe Premadasa. Reuter
      Reuter  -  25 words
    • Article
      Lock icon Trains collide near Glasgow: 1 dead
      47 20 Reuter TWO PASSENGER trains crashed into each other at Bellgrove station, east of Glasgow, yesterday, killing one person and injuring three others. The accident came two days after two passenger trains collided south of London, killing five people and injuring 94.
      Reuter  -  47 words
  • Article
    Lock icon More anti-Chinese rioting reported in Lhasa
    315 20 UPI CROWDS OF UP to 2,000 people hurled rocks, looted stores and set fire in Lhasa, the capital of Tibet, yesterday in the second day of anti-Chinese rioting after violence that may have left more dead than officially reported. No new deaths were reported,
    UPI  -  315 words
  • Article
    Seminar calls for further reduction in corporate tax rate
    377 20  -  By ANNA TEO A SEMINAR held yesterday on the 1989 Budget came up with an early Budget 1990 wishlist for the Finance Minister's consideration. Top of the list from Ernst Whinney Consultants was the hope that the corporate tax rate would
    377 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      4 20 Earlier report, PAGE 4
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      Page 20 Advertisements Column 2
      527 20 MANAGEMENT DEVELOPMENT PROGRAMMES MARCH JUNE 1989 SENIOR MANAGEMENT 1 The Job of the Chief Executive 2. Corporate Strategic Planning Mar 26 31 May 29 30 MANAGER DEVELOPMENT 3. Frontline Leadership 4 Decision Making 5. How to Reduce Costs through Value Engineering 6. Human Relations Skills Techniques 7. Managing Technical People
      527 words
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  • SHIPPING TIMES
    • Article
      Sharp rise in trade between Canadian and M'sian ports
      399 21  -  By G DURAIRAJ TRADE volumes between Malaysia and Canada via the Port of Vancouver registered a dramatic increase of more than 60 per cent last year. The Canadian premier port handled 537,210 tonnes of cargo from Malaysia last year compared with
      399 words
    • Article
      Lock icon South Korean shipbuilding orders increase
      248 21 Reuter FOREIGN orders flowed into hard-pressed South Korean shipyards in January and February as the industry showed signs of a recovery from a worldwide recession, the South Korean Trade Ministry said. Ministry officials said 39 ships totalling 587,000 gross tons were ordered till Feb 20,
      Reuter  -  248 words
    • Article
      Bangkok Port will invite lines to manage wharves
      236 21  -  By Richard Ng SHIPPING lines will soon be invited to apply for rights to manage nine conventional wharves to help reduce congestion at Bangkok Port. Port officials said private shipping lines will be allowed to manage the wharves if they can handle
      236 words
    • Article
      Lock icon Deepening Houston channel not feasible
      145 21 Reuter A US$353 million plan to deepen and enlarge the Houston Ship Channel to allow large oil tankers to load and unload would ultimately cost more than the offshore lightering system now in use, a Port of Houston consultant concluded. Temple. Baker and Sloan Inc
      Reuter  -  145 words
    • Article
      Lock icon FMC's computer plan criticised
      779 22 USs3.sm system will be completed next year NYT THE FEDERAL maritime commission has become the focus of an unusual dispute over its plan to make the information it collects more accessible to the public. The agency, which oversees commercial shipping, has proposed opening its electronic lists
      NYT  -  779 words
    • Article
      INDEX TO ADVERTISERS
      800 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 1/2 Alltrons IV 1 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Bait-Canada line VII 4/5 Balt-Onent line VII 2 Baltic Orient Shpg
      800 words
    • Article
      Lock icon Indonesia to build 56 ships under Caraka Jaya plan
      460 23 Jakarta Post THE INDONESIAN government will build 56 vessels of 3.000 dwt under the Caraka Jaya shipbuilding programme in the Fifth Five Year Development Plan (fiscal 1989/*****3/94), industry officials said. The 56 ships will be financed with assistance from West Germany
      Jakarta Post  -  460 words
    • Article
      BPT enters stevedoring business
      263 23  -  By SHIRISH NADKARNI THE Bombay Port Trust (BPT) has entered the stevedoring business, I mainly to ensure reasonable rates and to infuse a sense of discipline among stevedores. The BPT docks manager. George Mampilli, said there had been complaints from shipowners about unwarranted delays in load-
      263 words
    • Article
      Lock icon NYK to construct container terminals on US west coast
      298 23 Lloyd s List NIPPON Yusen Kaisha Ltd is to built its own container terminals on the US west coast by the spring of 1991 after it terminates its contract i with Matson It will invest a total of about 10 billion
      Lloyd s List  -  298 words
    • Article
      Port loan for Jakarta
      249 23 THE Asian Development Bank has approved a $22 million loan to improve the efficiency of Indonesia's secondary ports This is the ninth port project to be approved by the bank. The port loan will be repayable in 25 years with a five-year grace period at an
      249 words
    • Article
      Lock icon TANKER RATES
      233 23 AFP THE TANKER market remained depressed over the past week, with petroleum demand reduced by unseasonably mild weather in Europe, and by the efforts of both Opec and non-Opec producers to raise oil prices by restricting output. In their latest report, London brokers E A Gibson said that
      AFP  -  233 words
    • Article
      LONDON FREIGHTS
      1151 28 SINGLE voyage business picked up slightly om Friday, but time-charter bookings continued to provide the main bulk of demand as rates remain firm, brokers said. The Baltic Freight Index rose 11 points to 1,588 which mainly reflected gains on the key grain routes from the US Gulf to
      1,151 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2703 28 AARHUS Villa da Pluton CM D Affratamanl March 7 S Panjang Diasagatn March •/11 Maarsk Tofcyo Maarsk lma March 9 Banaidar Trw>t March 9<Pt() M»ng Plasty. Yang M.ng March 11 Ev«r Glowing Evargraan March 11 Noras<a Soaan Norasia Lma March 12 Jutiardia
      2,703 words
    • Article
      SHIPS IN PORT
      1317 28 AT CONVENTIONAL WHARVES Veaael Berth Arrival Departure KEPPEL WHARVES A sear Glory K» olongside 07 *****0 fefcatfod K34 olongside *****159 Hongstiousfcon K29 o longs >0e 0B 03.1500 Jo"ogo..nd K3S alongside OB 03 2300 KoKj Bokt. K32 alongside II *****0 toeing K33 alongside 0703 04M Mendoio Kit alongside
      1,317 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      693 21 TIMKS STP Distributors JAROINE SHIPPING ACENCIES H llllff# 200 Cjntonment Road #1205 Southpomt. Singapore 0208 VM9W&W Ttl *****U TELEX NO RS ***** FGB3I ssssfsssrfm" PESAKA JAROINE SHIPPING AGENCIES SON BHO PORT KELANG TEL: *****18 Tetoi No. MA3947?,MA***** Dedicated fo Otualitv Sf»*vu-f BIWHWH PtNAN6 nL *****4 TELtx •"> MW0073 crs TEL
      693 words
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      Page 21 Advertisements Column 2
      77 21 mm THE FEDERAL maritime commission has become the focus of an unusual dispute over its plan to make the information it collects more accessible to the P"" 1 Page II THE INDONESIAN government will build 56 vessels of 3,000 dwt under the Caraka Jaya shipbuilding programme in the Fifth Five
      77 words
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      Page 21 Advertisements Column 3
      638 21 GO* -#1 MAERSK LINE This «n> Lart M Closing Tim# CV IW 2300 MBS CFS 13/3 1300 MRS LARS M LAURA M REGINA M LEXA M MCKINNEY M LEDA M LICA M MARIT M 8904 14/3 IS/3 8904 21/3 22/3 8904 28/3 29/3 8904 4/4 5/4 8904 11/4 12/4 8904
      638 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      558 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP BENALDER LASEINE PILAR BENAVON OSAKA BAY NIPPONICA TOLAGA BAY HONGKONG EXPRESS 3t/3 2/4 31/3 2/4 6/4 7/4 9/4 14/4 IS/4 20/4 21/4 23/4 28/4 30/4 ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN. AARHUS,
      558 words
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      Page 22 Advertisements Column 2
      17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 22 Advertisements Column 3
      827 22 REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE NOR ASIA SUSAN VB9Ol-3 NORASIA SINGA V 8902 3 NORTH SEA V 8903-3 NORASIA AL MUNTA2AH V 1904-3 Also accepting cargo to all U.K. G Anterp via Rotterdam Bremen via Hamburg TO MEDITERRANEAN FEEDER NORASIA SUSAN VB9Ol-3 NORASIA SINGA V 8902-3 NORTH SEA
      827 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      1357 23 CJ The Straits Steamship Group P&O Containers CONTAINER SERVICE TO UK/CONTINENT: STRAITS SHIPPING Singapore to Sabah, Sarawak. Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK S POKE B KOK PEGASUS PROGRESS VStIN 0* 10 Mar U-U Ibr PEGASUS PIONEER V22N 12-13 Mar IS- li Mar BANGKOK BORNEO AGENCIES LTD. BANGKOK
      1,357 words
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      Page 23 Advertisements Column 2
      503 23 Ijsurj^JO^lNEJ rici. iif TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER P EISENHOWER V4S 25/3 »/3 26/3 P EISENHOWER V 45 P HARRISON V 25 P POLK V 7 P ARTHUR V2O P TYLER V» P ADAMS VS P HARDING Vl9 P MADISON V 154 P JACKSON V 6 P ROOSEVELT
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      Page 23 Advertisements Column 3
      79 23 SENATOR LIHIt AGENTS: rjEWSH!? r^L: *****77 EUROPE USA/PANAMA VESSEL TOKYO SEN it M 7 nan MEW TMK SEN EF 901 22 03 MEIER SEN EF 9M 05 04 EF 910 19 04 C3IE!3iE3IIC*GjI VESSEL *0" ONTO) SEN WA 904 KOftEAN SEN |WA 90S 9N TAIWAN SEN IWA 907 21 01
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      412 24 IISINOSE MARITIME PTE LTD El ISLAMIC RCPUBLIC OF IRAN SHIPPING LINKS IRAN BAYAN PJL6BI Singapore Loading for:11/3 BANDAR ABBAS T**Owal KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL KYOWA VIOLET V 24 •KYOWA HIBISCUS V 3t LOAD FOR: VILA. NMA. LTK. SUVA. PAGO. APIA GUAM. SAIPAN. HRA. VILA. NMA. LTK. SVA,
      412 words
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      Page 24 Advertisements Column 2
      965 24 HANJIN SHIPPING CO., LTD. FUt.LV CONTAINERISED SERVICE I TO FAR EAST PORTS FROM EUROPE VIA SUEZ CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL VEGA SS AC2I KUANTAN S'PORE LOADING FOR 24/3 OUBAI, DAMMAM USA PACIFIC SOUTH WEST 1 T/S PORT LINE MAUI H i PUS HANJIN FOMAMG VI an PUS HANJIN
      965 words
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      Page 24 Advertisements Column 3
      1012 24 ">Z/ EVERGREEN Ful l Container Service E as( Bound (FE/CAR,B/USEC/EURO/FE) EVER GUANO EVER GREET EVER GOLDEN EVER GLOBE EVER GENIUS HKG KSC KLC NS lU, w, .„j Tr 11/03 10/03 1458 15*3 IJ KB 29/S3 22/09 24/03 27® HM MM nun SS 8S as SjS $S SS SS !5K 25
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      838 25 V PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE ACCEPTING MURURAN/TOMAKOMAI/HITACHI CARGO VIA HKG JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE VESSEL SEA GLORY SEA QLORY SEA QLORY SEA QLORY SEA QLORY SIM BLW PEN PKL SM
      838 words
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      Page 25 Advertisements Column 2
      505 25 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT ToUfj by »j Mongfconf Eipriu ii( Larn hm E'flriu EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASMAN ASIA SHIPPING TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE HKG NOUMEA SUVA AKI
      505 words
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      Page 25 Advertisements Column 3
      509 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE VSI/VOY L. J. BONTANG/17WB MATAPAM PALEMBANG/12WB KUTAI/16WB ANTWERP H'BURG ROAM/ADAM BREMEN 7/5 12/5 11/5 16/5 6/6 11/6 17/6 22/6 Subt*d to Inducement Also accepting cargo
      509 words
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      Page 25 Advertisements Column 4
      413 25 BOUSTEAD SHIPPING AGENCIES TAUNG CYEE V3«W pT« Mar PA-AN VU9» PINVA VIOIW u Mar PAGAN VI3»W iM7 *,r BURMA FIVE STAR SNIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok In Pt/t Mar V F«M Mar \ca BANK LINE SEMI CONTAINER SERVICE HPAI/Y lIFT £APiRTTTTV~ NORTHBOUND TO
      413 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      876 26 Q KAWASAKI RISEN KAISHA. LTD. K l-I.Nt NEPTUNE GARNET 0. FREEDOM V24/OOCL FAIR RAINBOW BRIDGE 0. FSHIP Vl3/00CL FREEDOM VIA FEEDER NEPTUNE GARNET ORIENTAL FREEDOM RAINBOW BRIDGE ORIENTAL FRIENDSHIP VOY LB IS 28/1 •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL NEPTUNE GARNET ORIENTAL FREEDOM RAINBOW BRIDGE ORIENTAL FRIENDSHIP •PK/PNG
      876 words
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      Page 26 Advertisements Column 2
      587 26 f /a AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers S4«ppo« P *tU"f Prvinj loading lor Motlw> ill B, FmOw Br rMd« KALIOAS ¥.41 12 Mar JMw 7 M»r Frwn MM) Srdn/AM TULSIDAS V4O 5 A(* MUr M Mir Fr«n IMb Sr«n A<M KALIOAS ¥.42 (Mi) Apr Apr FftmtWb/SytfnAM TULSIDAS *41
      587 words
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      Page 26 Advertisements Column 3
      542 26 *7" GGGOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 11. r«lofc A,w Slre«l SINGAPOM 0104 ril UiTM (10 IINfS) fit VJ4W4 STRAITS/PERSIAN GULF SERVICE: GOLDEN WONDER Cotombo Kjiadii DuMi GOLDEN HAVEN Cotomtn KwachiDub* CHINA SERVICE A VESSEL Muiogpu Slwifto. Sport 14/15 Mar 2V» Mar Wl2 Mir P Kelang Penang CHINA OCEAN
      542 words
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      Page 26 Advertisements Column 4
      430 26 p PHiu onitNr UNts pre ltd HJAO Office 8] ROBINSON ROAO »OM2 AFRO ASIA BUHOING. SINGAPORE OICS TfLf* RS 28/20 PHIII fA< 225!67« E fAST/FM EAST FCt A Id SHIVtCE ETA SINGAPORE DESTINATION DUBAI. OAMMAN. KUWAIT. DONA. MUSCAT. BAHRAIN ABU DHABI SHARJAN COLOMBO KARACHI. BOMBAY. MADRAS. CALCUTTA NEW GENLORD JlO/3
      430 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      507 27 NIPTUNE AGENCIES PTE. LTD. Bookings FE EU/AUSr EXPORT NEPTUNE NQL ORIENT UNES LTD NEPLME SON BHO IMPORT MOTHER VSL O. Executive 84W Y. Maru 7W O. Educator 68W O Exporter 2W NYK HOU TO" EUROPE UK (VIA SUEZ) FROM EUROPE/UK (VIA SUEZ) MOTHER VSL/VOY C Container 49 K A Concord
      507 words
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      Page 27 Advertisements Column 2
      224 27 STRAITS/KOREA SERVICE Vessel s Name ETO BS SPORE PKLG KEE BUSAN MO JI #DRAGNET/902N 22/02 In Port 05-06/03 15-15/03 21-22/03 22/03 NO 9 DONAM/9D2N 21/02 11-13*13 14-15/03 Z3/03 2( 21/03 27/03 VCLORIA/903N 08/03 11-19/03 20-21/03 29-29/03 01-02/04 NO I DONAM/9Q3N 13/03 23-25/03 26-27/03 04-04/04 07 09/04 2/W MO JI container
      224 words
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      Page 27 Advertisements Column 3
      128 27 JE CNTR LINE (P KELANG) TEL (03) 367 1200 1 JE CNTR LINE (PENANG) TEL (04) *****6 INDIA/S.E. ASIA Conventional/ LCL/FCL Service To COLOMBO, KARACHI, CHITTAGONQ, BOMBAY, MADRAS ft CALCUTTA VESSELS AVAILABLE FOR SALE/CHARTER MV "AARON N" SIN/BKK —10 MAR MV "TBN" SIN/KANDLA —22 MAR TMC SHIPPING/A AARON ORIENT LINES
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      Page 27 Advertisements Column 4
      787 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 SifllS Addre SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PtNANG p KELANG HANOIINC SYSTEM CO SO* BHD PAUB GUOAMC M J2J* I Cun f ,h Po,t
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      283 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. ftl 2251)868 (34 Imn) FAX *****39/2248-J/8 fIUX HS 20 )88 A/B SSCMA US 2018!) A/U SSCAI) DSR-LIMES VEB OEUTFRACHT/SEEREEOEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE ■VIA LARNACA. ACCEPTING CARSO FOR LIMASSOU BEIRUT, LATTAKIA. AIEXANORIA, PORT SAID. PIRAEUS.
      283 words
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      Page 28 Advertisements Column 2
      70 28 LIME WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TS KLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. CONTINENT V-l* ETA SIN 14/3/89 SPORE > KAOSHIUNG -> KEELUNG TOKYO SHIMIZU NAGOYA > KOBE 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS TSKLINE AGENCIES (S) PTE LTD
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      Page 28 Advertisements Column 3
      77 28 MAINFREIGHT (S) PTE LTD 15 Mccallum St #05-04. Natwest Centre S pore 0106 TEL: *****12 AUSTRALIA VSL SIN FOR Z. KAO 11/3 ADEL, BRIS A. AUSTRALIA 10/3 SYD, MELB B. ANGSANA 16/3 FREMANTLE FCE SHIPPING WEEKLY SERVICE TO:USA. HONGKONG FLYING CIRCLES EXPRESS PTE LTD TEL: *****24 FAX: *****31 TLX: R*****2
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      154 28 n Va Regional Weather 0^ i K u VA m a IS A "jt ik: SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. March 7, IM9 R Twnp.ro.ur. c Shower Weothff Wind (ktction speed n knots Ro*i W Cloudy Sky W Wfoct •Mdi ore >ndKoted by o"o«*t wk<f* Hy th
      154 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      463 29 FARGO SHIPPING Te1:224 0122 ABC CONTAINERIZE N.V. WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: TNT EXPRESS 221 ETA 31/3/89 Only 7 days to Fremantle! Only IS days to Melbourne! Only IS days to Sydney! FROM USA/CANADA/EUROPE/SEDITERRANEAN Vsl TNT Express E.HUDIG BRUSSEL C. VEROIME AG EN rS:
      463 words
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      Page 29 Advertisements Column 2
      387 29 RICHFIEIO MARINE AGENCIES (S) PTE LTO TEL *****33 (10 lines) h FAX *****15 TELEX RS ***** RiSMIP (3 Lines) v- tty IPS LINE CALCUTTA/KARACHI/CHTGONG/CBO REGULAR CONVENTIONAL LINER SERVICE tHMi Pan/Pk« S pan Loading Fo» ATLAS S-VPS 22/1 KARACHI TRANSMETA!-VP* ft/1 IS/3 CALCUTTA.CMTOOMO SCA sec-VW M/J CALCUTTA HmvtHN up to JO
      387 words
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      Page 29 Advertisements Column 3
      941 29 CCM COME ANIA CHILENA DE NAVEGACION INTEROCEANICA IA (CHILEAN NATIONAL LINE) GREAT ANDES SERVICE ARI IQUIQUE VALPARAISO STO P S PAIIOS VIOQ2 EBOB/05 09 10/05 13-14/05 CARGO FOR PUNTA ARENAS TALCAHUANO (SAN VICENTE) ACCEPTEO WITH T/S VIA VALPARAISO NEPTUNE AGENCIES PTE LTD BOOKINGS: *****34, *****71, *****65 ECKOXA MARITIME MANAGEMENT (SINGAPORE)
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      Page 29 Advertisements Column 4
      176 29 < c 7s> CRYSTAL FREIGHT Trt *****U Tim: ***** CFSM FM: 2241/ M BOOKING: *****22 PERKINS PERKINS SHIPPING PTY. LTD. Oarwtn, Australia DIRECT SERVICE TO DARWV4/PT. HEOLANO'/BROOME* Accepting BratkMl, H««vy-IMt, ConUlmr ft RO/RO Cargoes MARKHAM bat V 4 ETA/ITO S PORE 3/4 Iter ITA DARWIN Mir MARKHAM bat V S
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      Page 29 Advertisements Column 5
      222 29 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 i IRAQI LINE IMO' S'Mf (DTftMiSf fO» ■IRITIMC WEST BOUND SERVICE ETA S PORE LOADING FOR MV SINDBAD In Pt UM Qasr/Basrah/BafMad A Other Arabian Gulf Ports THROUGH B/Ls to BAGHDAD UPON REQUEST ACCEPTING CONTAINERS UPTO AQABA t BAG
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      515 30 Hai Sun Hup Co (Pte) Ltd !"El *****06 (20 Lines, TLX HS ***** A R$ ***** \}L l -Wl't k\ L -\K Ll\ L R STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT! TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT INTERMARITIME SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS 'Also calls I I.
      515 words
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      Page 30 Advertisements Column 2
      423 30 13kCH0 YANG LINE EXPRESS FAR EAST/EUROPE FULLY CONTAINERISED SERVICE <©- FMG (lOrj MgACANrt O«ANCOwOMBi ANA A (MATiONAL UNE OP COLOMBIA CAVN COMPANIA ANON MA VINIiOuANA 01 MAVC<}AC'*ON NATIONAL J)<l 0> ■INCJI Jl To Buenaventura/Barranquilla/Santa Maria/Cartagena/ Cristobal/Santo Domingo/Port Au Prince Pto Queteal/Aca|utla/San Lorenio/Corinto/Pto Caldera To: Maracaibo/Puerto CabelloGeorge Town/Guaranao/ La Guaira/PTo Sucre/Mattanzas/
      423 words
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      Page 30 Advertisements Column 3
      397 30 iW P.T. MASKAPAI PKLAYARA PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE W. MALAYSIA SERVICE VSL VOY
      397 words
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