The Business Times, 10 March 1989

Microfilm: NL16518
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, MARCH 10, 1989 75 CENTS
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  • Article
    FINANCIAL NEWS SUMMARY
    262 1 Dow down WALL STREET was hesitant at the opening bell yesterday with the Dow Jones index of leading industrial shares down 1.79 points at 2,293.75. Trading was active with some eight million shares having changed hands in the first five minutes; advances outnumbering declines by about four
    262 words
  • Article, Illustration
    Singapore, Hongkong markets make gains
    339 1 THE HONGKONG stock market joined Singapore in turning in a positive performance yesterday, despite a 180-point fall on the Tokyo market. In Singapore, after an uncertain morning session, bargain hunters dominated the market in the afternoon bringing widespread gains. The recent releases of good corporate
    339 words
  • Article
    Stanchart's building up for sale next month
    701 1  -  Opening price likely to be as high as $735 m By LEE HAN SHIH,MAGDALENE NG STANDARD CHARTERED Bank will invite bids for its regional headquarters building in Singapore next month at an opening price that could be as high as $735 million. The
    701 words
  • Article, Illustration
    NTUC Co-op Insurance sells Changi land to Kuok group
    411 1  -  By LEE HAN SHIH IN A CLOSELY-CONTESTED fight, a company of "Sugar King" Robert Kuok has outbid three rivals to secure a large tract of land in Upper Changi for $30.1 million. The land, behind the SIA Computer Centre along the
    411 words
  • Article
    Lock icon Taiwan to get second airline
    109 1 AFP TAIWAN has approved a proposal by Evergreen Marine Corp, the world's biggest container firm, to expand into international air transport, ending the 29-year monopoly enjoyed by China Airlines. The communications ministry in Taipei said yesterday that the approval paved the way for the acquisition
    AFP  -  109 words
  • Article
    Hongkong acts to boost quality of deposit-taking companies
    452 1  -  By ALVIN TAY, Financial Editor THE HONGKONG GOVERNMENT yesterday announced changes to its existing three-tier banking licensing system which are aimed at beefing up the quality of its deposit-taking companies. But they will also give the more substantial and well-run deposit-taking institutions
    452 words
  • Article
    Razaleigh ready for talks with New Umno without preconditions
    329 1  -  By PAUL GOPAL TENGKU Razaleigh Hamzah who has bean spearheading a campaign to revive the deregietered Umno as part of his challenge to Malaysian Prime Minister Datuk Seri Or Mahathir Mohamad's leadership of Malay politics in a surprise move yesterday expressed
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      Page 1 Advertisements Column 1
      199 1 A [>onc on your wdll A I>one on yourtelf THERESA PONE FORtVERYONF Casual wedr mutp posters swimvvfjt bkitp, clocks umbrellas. cards RWR COURT •<» KWINC i,AIUR> lUDOR c (X'RI IANCvLIIMRIIAPMNciArCWI 10*4 fit 7541»5* Full Report, PAGE 16 Regional Mkts, PAGE 18 World Mkts, PAGE 19 For the best in Sichuan
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      Page 1 Advertisements Column 2
      207 1 Editorial Comment: 10 When all are right, and wrong Focus on the Philippines 11 The State of Affairs Manila's economy 11 A chicken-and-egg dilemma Chuan Hong case 2 Court hears further arguments I Transtech Ventures 3 Investing in US high-tech firm Gallup poll Americans think Japan is tops US budget
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      Page 1 Advertisements Column 3
      310 1 Minolta EP49OZ Full steam ahead DIRECTORS of Steamers Maritime Holdings are full of optimism about prospects for the company which is coming to the market through a share offer. They have charted an exciting growth path, positioning the company to tap the vast opportunities available in this region and beyond.
      310 words
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  • HOME NEWS
    • Article, Illustration
      Trio-Kenwood expects record $220m output
      394 2  -  By JOHN TAN REFLECTING the continuing switch of product-lines to Singapore because of the high yen, the local subsidiary of Kenwood Corporation of Japan is expected to churn out a record output of $220 million this year from $133 million last year. The local subsidiary,
      394 words
    • Article
      MEMO PAD
      403 2 Seminars and courses Mar 9 and *i allfan mi i alltli i 11 jfiiinfl v-ompwnveiy Boulevard Hotel LMA Conferences *****15 10 Pte ltd Atar 9-10 Speaking for Success SIM Management Hse Singapore *****66 Institute of Management Mor 9-10 The Art of Negitiating Boulevard Hotel Times Conferences *****® Pte
      403 words
    • Article
      'A partnership cannot be ended unless it is liquidated'
      630 2  -  CHUAN HONG CASE By PAUL GOPAL IF A JOINT VENTURE business is a partnership, it cannot be terminated without the business going into liquidation. This line ot argument was adopted by Mr Harry Wee when he resumed hie submission before Mr
      630 words
    • Article
      QC on consequences of unlimited power
      372 2 TEO SOH LUNG CASE MR JUSTICE F A Chua has reserved judgment at the end of the tour-day hearing into the application by detained lawyer Teo Soh Lung for a release order. Summing up yesterday, Queen's Counsel Anthony Paul Lester warned of the grave
      372 words
    • Article, Illustration
      Ex-Riser a success
      250 2  -  By MARTIN SOONG THE SINGAPORE Armed Forces and Singapore Telecom will complete their second joint civil resource mobilisation exercise today. The three-day exercise, code-named "Ex-Riser," follows the successful completion last February of the maiden joint mobilisation of telecommunications resources by the SAF and Singapore Telecom. Both exercises
      250 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      248 2 THE United Overseas Bank (UOB) group has announced the promotions of some of its executives. Among them are: LAWRENCE LEE TIAN SOO, who has been promoted to senior vice-president. A registered accountant, he is responsible for the internal audit A credit control division. RONALD UM CHENG AUN
      248 words
    • Article
      SIA to start planning flights to Soviet Union
      313 3  -  By JOHN TAN SINGAPORE AIRLINES will start to plan flights to the Soviet Union as a result of a more liberal agreement between Russia and Singapore. As part of the revised agreement, the Civil Aviation Authority of Singapore (CAAS) said the two
      313 words
    • Article
      Lock icon Bangkok in aviation accord with Moscow
      138 3 Oana-Tna THAILAND, which is building up Bangkok as a regional aviation hub, yesterday concluded an agreement with the Soviet Union which would, for the first time, allow Thai Airways International to make an unlimited number of flights through Soviet airspace. The Thai permanent secretary
      Oana-Tna  -  138 words
    • Article
      Simex approves three more commercial associate members
      248 3 THE SINGAPORE International Monetary Exchange has approved three more applications by majar oil trading companies to become commercial associate members. They are C Itoh International Petroleum Co, (S) Marubeni International Petroleum (S) Ptd Ltd and Shell Eastern Petroleum. This will bring the total
      248 words
    • Article
      Survey of bus commuters
      83 3 TRANSIT LINK, the company formed by the three main transport operators, is conducting a survey of bus passenger travel patterns this month. The survey is part of Transit Link's overall effort to improve public transport services. The survey will begin on March 20. Transit Link was
      83 words
    • Article, Illustration
      Indiana keen on representation in Singapore
      240 3 IMPRESSED by the concept Behind the International Merchandise Mart now under construction in Jurong, a trade delegation from the American state of Indiana has indicated interest in being represented there. Sponsored by the Indiana Asean Council, a nonprofit organisation established last year to facilitate
      240 words
    • Article
      Seminar on modernisation
      105 3 AS MANY LOCAL food manufacturers are familymanaged and are also afraid to mechanise, a seminar is being held to help them modernise their operations. The Association of Small and Medium Enterprises (ASME) and the Singapore Food Manufacturers' Association are co-organising the seminar tomorrow at the River View
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    • Article
      Transtech among group to invest in US high-tech firm
      427 3  -  By JEFFREY TSANG LOCAL VENTURE CAPITAL fund Transtech Ventures is the leader of a group of companies which has invested in an American concern that manufactures computerised voice messaging systems. While the group's total investment in Centigram Corp is a modest
      427 words
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      Page 3 Advertisements Column 1
      65 3 Only a few will catch more than a glimpse. Cards For more information on the special Line of Credit and many privileges of the Gold Card, call American Express at *****44. Or TIIC fidl R PARTI simply pick up an application form at any branch of United Overseas Bank Group,
      65 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Most Americans think Japan is tops: poll
      506 4 Majority of leaders still believe US is No 1 economic power AP BY A TWO-TO-ONE MARGIN, Americans believe that Japan, not the US, is now the leading economic power in the world, according to a public opinion poll released on Wednesday. The poll,
      AP  -  506 words
    • Article
      Lock icon China said to be helping Iran in building missile factory
      254 4 AP IRAN, witt) help from China, is building a plant to produce sur-face-to-surface missiles with a range of more than 805 Km, and is continuing to develop its chemical warfare capability. Western diplomatic sources in Manama said on Wednesday that
      AP  -  254 words
    • Article
      Lock icon Tokyo invests record US$17b in US property
      221 4 AP JAPANESE INVESTMENT in US real estate rose nearly a third last year, with California attracting more investment than any other state and Los Angeles more than any other city, a study shows. Japanese investors spent a record U5516.54 billion on US real
      AP  -  221 words
    • Article, Illustration
      Lock icon Union Carbide office ransacked
      387 4 AP DEMONSTRATORS ransacked the office of Union Carbide Corp in New Delhi on Wednesday as the Supreme Court heard arguments challenging the settlement for the victims of the 1984 Bhopal gas disaster. About 10 to 15 demonstrators stormed into the reception area of the office, said
      AP  -  387 words
    • Article
      Lock icon Japanese firms urged to avoid offering big pay increases
      182 4 Reuter JAPANESE COMPANIES should reduce prices and working hours rather than offer big pay rises during this year's spring wage offensive, Eiji Suzuki, chairman of Japan's Federation of Employers' Associations' (Nikkeiren), said. Mr Suzuki said big wage rises combined with introduction
      Reuter  -  182 words
    • Article
      Lock icon Libyan links may delay decision on jet fighter
      331 4 AFP NEWS REPORTS alleging that Japan s Mitsubishi Heavy Industries installed equipment at a suspected Libyan chemical weapons plant threaten to delay a decision on a proposed U&Japanese project to build a jet fighter, officials said on Wednesday. The US State Department
      AFP  -  331 words
    • Article
      Lock icon Japan's whisky importers told to pass on tax savings
      226 4 FT WHISKY IMPORTERS in Japan have been rebuked for planning not to pass on to consumers all the substantial reductions in taxes on spirits that will come into effect next month. Japan's national tax administration agency this week asked leading importers
      FT  -  226 words
    • Article
      Lock icon Laurel accused of hiring US firm to undermine govt
      320 4 AP A RELATIVE of Philippine President Corazon Aquino charged on Wednesday that an American consultant firm had been hired by Vice-President Salvador Laurel to undermine the government. But a spokesman for the firm, Black, Manafort. Stone and Kelly of Alexandria. Virginia,
      AP  -  320 words
    • Article
      Lock icon Philippine troops arrest coup-linked police major
      270 4 UPI PHILIPPINE government troops yesterday captured a police major implicated in at least two coup attempts staged by right-wing soldiers loyal to ousted ruler Ferdinand Marcos, officials said. Major Reynaldo Cabautan was captured at a posh Japanese restaurant along Manila's sea-front Roxas Boulevard on
      UPI  -  270 words
    • Article
      Lock icon Keating trying to inject confidence into economy
      297 4 FT THE AUSTRALIAN government has kept up its campaign to talk confidence into the embattled economy with Paul Keating, the Treasurer, insisting again that a dramatic tightening of fiscal and monetary policy would cause a recession. However, the currency and equity markets remained
      FT  -  297 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1007 4 ARRIVALS Operator Sorvic* Local From number tkiw SU SQ11 0115 IAX/NBT UAL UA805 0125 SfO/HKG JAL JL615 0305 TYO MAS MH640 0820 KUL su SQ43 0850 DHA MAS MH37A 0900 KUL MAS MH651 0910 PEN MAS MH630 0920 KUL SIA SQ103 0950 KUL CPX CX710 1000 CGK
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      Page 4 Advertisements Column 1
      71 4 Accommodation Barge f Barge Dimensions: 54.86 m x 19.94 m x 3.66 m Barge can be jacked-up in up to 25m water Accommodation: 200 beds/50 cabins Full facilities Never used Competitive price Located Singapore For further details please contact Owner's sole appointed Broker for Far East Stewarlond Sea Services Pte
      71 words
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      Page 4 Advertisements Column 2
      3 4 Focus, PAGE 11
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      Page 4 Advertisements Column 3
      42 4 The business person's chotcc even Tuesday Thursday. Saturday and Sunday. Leaving hangi Airport at 22:ZS hours and arriving at Lester B Pearson International Airport the folkm inj das. Ctll your Tmel Agent or Air CjiuJj it *****55. A BREATH OF FRESH AIR
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      82 4 Montr*ol -15-27 Clear Moscow 04/00 Clear Nassau 28/24 Clear New Delhi 30/13 Ctoor New York 06-04 Sumy Nicosia 19/08 Cloudy Oslo 08/04 Roln Part* 12/05 Clear Perth 28/19 Cloudy Rio 'Janeiro 32/21 Cloudy Rom* 15/03 Cloudy Son Fris'co 15/10 Cloudy San Juan 28/20 Clear Sontiogo 29/13 Oeor Sao Paulo 27/19
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  • REST OF THE WORLD
    • Article
      Lock icon Thatcher's political grip questioned after some slips
      432 5 Reuter IT'S BEEN an unsteady few days for the normally sure-footed Margaret Thatcher and Britain's corridors of power are buzzing with the question: Is the "Iron Lady" losing her grip? Two public disagreements with Environment Secretary Nicholas Ridley within 48 hours, a weak
      Reuter  -  432 words
    • Article
      Asean companies urged to step up efforts to enter EC market
      448 5  -  By SHAHRIR ARIFF THE ECONOMIC COMMUNITY welcomes more investments into Europe, but private companies from Asean must increase their efforts to enter the market, a senior EC Commission official said. More Asean investments in Europe would improve relations between
      448 words
    • Article
      Lock icon US median family income up 1pc to US$30,850 in 1987
      327 5 UPI THE 1987 MEDIAN family income in the US reached U5530,850, rising one per cent from 1986 after inflation and narrowly exceeding the previous high mark of 1973, the US Census Bureau said on Wednesday. At the same time, however,
      UPI  -  327 words
    • Article
      Lock icon Congress ready to negotiate budget
      434 5 Bipartisan panel meeting administration AP CONGRESSIONAL, LEADERS have agreed to begin negotiations with President George Bush's administration to resolve disputes over a fiscal 1990 US budget. The talks were scheduled to begin yesterday afternoon and were to involve the top Republicans and Democrats on the
      AP  -  434 words
    • Article
      Lock icon Moderate slowdown in world economy seen
      285 5 Reuter THE WORLD ECONOMY faces only a moderate slowdown this year but excessively restrictive monetary policy could lead to a recession in 1990, according to a group of experts in economic forecasting. The group, meeting behind closed doors at the United Nations this week,
      Reuter  -  285 words
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      Page 5 Advertisements Column 1
      121 5 Flight crew and cabin attendants. Kai Tak Airport, Hong Kong The Swire Group H ■v t m m V ■is wt- ft? 'Hlr I &E* i'"'. J, 6 "V ■4 ?4 m "S i *f;jK t ARRIVE IN BETTER SHAPE. ■I use we have one of the j highest Flight
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      84 5 Doonesbury A tjj m vhr 56 ...AND LAST NIGHT'S events are utterly REPUGNANTIO ALL MHO VALU& FREEDOM OF EXPRESSION! tf K V BY GARRY TRUDEAU ACCORD/NOW, ML, THE MEMBERS OF 7"HE AUTHORS GUI UP, DO HEREBY CONDEMN THB >V BARBAROUS THREATS ON THE LIVES OF OUR COLLEAGUES f3v MICHAEL KORDA,
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  • COMMODITIES
    • Article
      Taiwan to liberalise gold exports soon
      213 6 TAIWAN will soon liberalise the export of gold products and allow domestic banks to accept gold deposits and trade the metal, a newspaper said. The Economic News, quoting sources close to the Finance Ministry, said the move would pave the way for exports of
      213 words
    • Article
      Minister comes under fire
      61 6 BRAZILIAN Industry Minister Roberto Cardoso Alves has become the target of press attacks over alleged irregular export deals in the latest row to tarnish President Jose Sarney's image. Criticism centres on alleged irregularities in planned sales of sugar to Eastern Europe and Portugal and coffee to
      61 words
    • Article
      Lock icon Aussie LNG expansion plan
      104 6 AFP WOODSIDE Petroleum Pty Ltd has announced a As9oo million extension plan for the liquefied natural gas (LNG) project on the North-West Shelf of Western Australia. The extension involves the construction of a third LNG process train at Karratha. Woodside's executive general manager Peter Tapper said
      AFP  -  104 words
    • Article
      RAS and MRELB
      263 6 RAS prices In S cents/kg, FOB In bata 1 NOON CLOSE Buyers Sellers Buyers Sellers Inf 1 RSS Prompt 201.00 202.00N 202.00 203.00 lot 1 RSS Apr 89 203.50 204.50N 204.50 205.50 Int 1 RSS May 204.00 205.00N 205.00 206.00 bit 2 RSS OP 196.00 198.00N 197.00
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    • Article
      Rubber
      386 6 SINGAPORE: Rubber prices ended lower with April 1 RSS buyer quoted at 204.50 cents a kg yesterday, down three cents from Wednesday's close. Brokers said the morning market registered a four-cent loss in moderate trade on speculative selling following falls in Japanese rubber prices. Shcrt-covering in the afternoon helped
      386 words
    • Article
      SSR and SMR
      76 6 (canto/kg) APRIL 1989 MAY 1989 (currant month) (forward month) RAS NOON NOON (uy«n S*M*n lwy«ri SSft 30 185.00 187.00N 185.00 187.00N SSR 50 183.00 185.00N 183.00 185.00N MRELB lvy*r> Mm •wy*ri SlHin SM« cv 296.00 298.00* 298.00 300.00N SMR I 294.50 296.30N 296.50 298.SON SMR 5 272.50
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    • Article
      KL Tin
      193 6 FRESH speculative Interest end Increased consumer off-takes saw the tin price surge to a new three-year high of M 524.40 a kg yeeterday, posting another double-digit gain of 99 cents. "They are scrambling tor tin before the price moves higher and It looks Ilka there le no celling
      193 words
    • Article
      Palm Oil
      533 6 MALAYSIAN CRUDE PALM OIL FUTURES finished slightly slesdier on the KLCE yesterday following some short covering activities. Dealers said the better sentiment was mainly attributed to the rise in the global oil market and the stronger cash market. They said there were two tenders from Pakistan and India
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    • Article
      Produce Prices
      237 6 Chinese Produce Exchange Sellers' noon dosing prices on Mor 9 (SS/100 kg) Coconut oil Bufc FOB 108.00 Old drum FOB 118.00 New drum FOB 122.00 Copra Mixed (IOOM) 64.00 KIIti Popper Mont ok white FOB NIW 740.00 Sarawak whit* FOB foq NLW 730.00 Sarawak ipedal bloc* FOB NIW
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    • Article
      London markets
      85 6 London Commodity Exchange Buyer/Seller dosing prices on Mar 8, (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Basil in-stor* London, sollor* option OF London Mar 1188/90 (1200/05) High/Low 1200/1188 May 1167/69 (1187/88) High/Low 1181/67 Sol.i (4443) Cocoa Mar 849/850 (823/826) High/Low 853/830 May 865/866 (842/843) High/Low 869/845
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      Precious Metals
      453 6 HONGKONG: Gold closed little changed in thin trade yesterday despite buying by US investors, dealers said. They said the metal was pinned in a range of US$392 to US$393 throughout the day despite steady US demand. Dealers said they expected bullion to test US$395 an ounce in New
      453 words
    • Article
      Lock icon Crude Oil and Products
      155 6 Telerate FUEL OIL PRICES held stable in light trade yesterday. The outlook for prices of prompt March CST-180 lots was slightly weak owing to supplies remaining unsold in the market. However, sentiments for first half April lots remained faily steady. A Japanese shosha bought a 20,000
      Telerate  -  155 words
    • Article
      Wheat
      168 6 WHEAT FUTURES closed lower on the Chicago Board of Trade on Wednesday, with nearbys under the moat pressure from disappointed speculative long liquidation on the lack of exporter pricing after Tuesday s Chinese wheat purchase under the Export Enhancement Programme. The wheat market needs a steady supply of fresh
      168 words
    • Article
      Soybean
      211 6 SOYBEAN FUTURES closed on or near the lows on the Chicago Board of Trade on Wednesday, under pressure from the lack of fresh export tender interest and the outlook for increased Brazilian harvest pressure later this month. Still slack demand for soybeans from processors due to poor crushing margins
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    • Article
      Lock icon Ershad opens jute council meeting
      253 7 AFP BANGLADESHI PRESIDENT Hussain Muhammad Ershad emphasised the need for research and diversification of the use of jute and price stabilisation when he opened the 11th session of the International Jute Council in Dhaka on Wednesday. "The IJC has rightly addressed itself to the urgent
      AFP  -  253 words
    • Article
      Lock icon Texas oil output lowest in 45 years
      172 7 AP TEXAS CRUDE OIL production in 1988 sank to its lowest level in 45 years because of turmoil in world oil markets and a decline in drilling for new reserves, the Texas Railroad Commission reports. "Not since the nation was embroiled in World
      AP  -  172 words
    • Article
      Lock icon New Delhi keen to share oil expertise with Malaysia
      368 7 Bernama INDIA IS KEEN to share its oil technology and expertise with Malaysia and the rest of the developing countries for long-term mutual benefit. India's secretary (petroleum) in the ministry of petroleum and natural gas, Shri H K Khan, said in
      Bernama  -  368 words
    • Article
      Lock icon Brazil pledges support for ATPC
      358 7 Bernama BRAZIL will continue to support efforts by Association of Tin Producing Countries (ATPC) to stabilise tin prices, its ambassador to Malaysia. Sergio Dumasceno Vieira, said. He said Brazil would always give its cooperation in any move by the ATPC to stabilise prices. The output
      Bernama  -  358 words
    • Article, Illustration
      Lock icon Palm oil campaign bears fruit
      567 7 US legislators changing attitude towards labelling bill Bernama MALAYSIA'S efforts to counteract the anti-palm oil campaign mounted by the American Soybean Association (ASA) and the American Heart Savers Association (AHSA) have brought "some positive results", Primary Industries Minister Datuk Dr Lim Keng Yaik said on
      Bernama  -  567 words
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      179 6 a 3 m HI ISP gfi«S M? />> r."s« o vfc >v ■f'V I'i ii i» *d >t <* P? A ff* itt "sA? as &>/£ <v 3* *1 ST _fca3sss^^5SSS °^7^>«S 1'..">7 IMB BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that
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      Page 7 Advertisements Column 1
      63 7 a fe ithe MB V <: u ftysi LH*> v* At w*r- i .'V M m •v v M it «iwa ■V i s* v V STUDIO AT SCOTTS j 10AM 9 10PM DAHY IXCIPT SUNDAYS /ft Tq 1 A'C ESTA drapped blouse 599. jacket blouse $139 and printed pants
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1173 8 SINGAPORE: Tlie US dollar again maintained a holding pattern in Asia yesterday, after New York took the US dollar higher on Wednesday, on the back of CEA chairman Michael Boskin's remarks suggesting the White House was amenable to negotiations with Congress over tax increases. Bundesbank Board member Leonhard
      1,173 words
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      Government securities market
      115 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****F 8.06.89 3.81 3.76 3.81 3.67 6 months BS*****N 17.08.89 3.88 3.83 3.87 3.82 t year BY*****H 23.11.89 3.91 3.86 3.85 3.85 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      115 words
    • Article, Illustration
      World interest rates
      191 8 Indicate* th« avarag* oi tha prim* landing rata* of 12 ma|or banks In S'pora Interbank market rates (offer/bid) on Mar 9 us* DM SWFC Y*n do T 9 7/8 9 3/4 12 7/16 5/16 5 13/15 11/16 5 3/4 5 5/8 4 1/8 4 10 9 7/8
      191 words
    • Article
      Money markets
      66 8 THE OVERNIGHT RATE on the Singapore money market rose by 3/8 point to close at 4-5/8 per cent yesterday. The onemonth rate rose by 1/16 point, while two and three-months were unchanged. S$ Interbank rates at the dose yesterday: OFFH MO Owrnight 4 5/8 4 1/2 1-Momti 5
      66 words
    • Article
      Asian dollar market
      224 8 ASIAN DOLLAR deposit rates ended at their opening levels in quiet trade yesterday, with operators sidelined ahead of today's US February employment data, dealers said. us$ OHW •10 7 day* 9 7/8 9 3/4 1 man#i i 10 1/1* 9 15/16 2 men* 10 10 3 month
      224 words
    • Article
      Lock icon Simex
      523 8 BA Futures JUNE Eurodollar futures opened two ticks higher on Simex yesterday than the previous close at 89.61 on a firmer US dollar following President George Bush's economic advice comments that the administration would be open to a discussion of higher tax. The June contract was traded in a
      BA Futures  -  523 words
    • Article
      IMM
      206 8 IMM currency futures finished lower and near the bottom of session ranges on Thursday. Prices erased what was left of morning gains near mid-day when values dropped abruptly through support levels, triggering large sell-stop orders. The losses coincided with talk that centred on a news report quoting White House
      206 words
    • Article
      Comex gold/silver futures
      180 8 Gold futures on Mar 8, 1989 100 troy ounces. USS per troy ounce High Low s«w« Mor 393.10 -0.20 Ap» 395 50 398 80 394.30 393.40 -0.30 Mo, Jwn 397.90 -0.30 401.00 404.20 399 30 400.40 -0.40 Aug 407.30 409 70 405 50 406.00 -0.50 Oct 414.00
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    • Article
      Options
      1370 8 CURRENCY FUTURES OPTIONS Thursday, Mar 9 1989 DEUTSCHE MARK (8IMEX) Apr 88 cM« Htah Low Son Apr High 88 p>m Low tog 54 518 50 55 3IA 29 1098 108 S6 1IA 9 57 i Jim M%h 88 cat* Loar 8*0 Jun High 88 pu» Low log 51 178
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  • BANKING AND FINANCE
    • Article
      UOB to start Sunday banking this weekend
      143 9 THE UNITED Overseas Bank group will start offering Sunday banking this weekend, the second bank in Singapore to provide seven-day banking. The new service will be available at its Chung Khiaw Bank Orchard Branch which is just a stone's throw away from the
      143 words
    • Article
      Lock icon Maybank gives commitment not to retrench staff
      317 9 Bernama MALAYSIA'S largest bank, Malayan Banking Bhd, has given a firm commitment not to retrench any of its staff following fears of such action arising from a study undertaken by an international consultant to rationalise the bank's operations. The commitment was given by
      Bernama  -  317 words
    • Article, Illustration
      Lock icon Venezuela needs support for economic reform: IMF
      458 9 AP INTERNATIONAL Monetary Fund president Michel Camdessus says Venezuela needs international financial support to reform its economy, according to press reports on Wednesday. Responding to a letter sent by Venezuelan President Carlos Andres Perez, in which he promised to continue with economic reforms
      AP  -  458 words
    • Article
      Lock icon Fed explains dollar intervention
      254 9 NYT IN A CLEAR confirmation of the strength of the effort by the US to control the course of the dollar, the Federal Reserve Bank of New York said on Wednesday that it had bought US$2.4 billion at the end of last year to stem a
      NYT  -  254 words
    • Article
      Stanchart asked to prove its claim about Visa Gold card
      322 9  -  By DEXTER LEE STANDARD CHARTERED Bank has been asked by the Advertising Standards Authority of Singapore to substantiate its claim that the Visa Gold card is "the most prestigious card in the world". A Stanchart spokesman told BT yesterday that
      322 words
    • Article
      Lock icon Hang Seng Bank expects steady profit growth
      220 9 Reuter HANG SENG BANK Ltd expects to maintain steady profit growth in 1969 despite inflationary pressure. chairman Q W Lee said yesterday. Hang Seng earlier reported attributable group profit grew 20 per cent in 1968 to HK$l.54 billion from HK$l.2B billion. It will
      Reuter  -  220 words
    • Article, Illustration
      S'pore to be admin HQ of Stanchart's trustee unit
      402 9  -  Company plans to apply for OHQ status By SOH TIANG KENG, Financial Correspondent STANDARD Chartered International Trustee Limited (SCITL) plans to shift its administrative headquarters from Hongkong to Singapore, said the Hongkongbased managing director Michael Brogan yesterday. Mr Brogan told BT
      402 words
    • Article
      Lock icon Tokyo bond borrowing market starts by April
      614 9 Reuter JAPAN WILL LAUNCH a bond borrowing/repurchase market by as early aa April to allow more foreigners access to the yen bond market. The finance ministry in Tokyo promised last September that it would create the market and allow short-selling on a settlement
      Reuter  -  614 words
    • Article
      Lock icon Washington shifts policy on Third World debt
      345 9 NYT PROMPTED IN PART by the debt-related violence that broke out in Venezuela last week, the George Bush Administration has decided to encourage bank creditors of Third World nations to reduce the value ot the debt and therefore the countries' cost of making
      NYT  -  345 words
    • Article
      Lock icon Philippine National Bank to sell 30pc of stock
      195 9 AFP THE STATE-OWNED Philippine National Bank (PNB) will sell 30 per cent of its stock in May or June as part of the government's privatisation scheme. PNB spokesmen in Manila said on Wednesday that the sale, involving some 10.8 million shares, was
      AFP  -  195 words
  • Page 9 Advertisements
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      45 9 INDUSTRIAL SPACE Land Area (sf) B TUAS CRESCENT 117.597 I (Suitable for marine-related industries) GUL STREET 14.800 l! (Extended intermediate T4 standard factory) KALLANG JUNCTION 19.725 I (With 6 coldrooms and 2 chillers) Sole Marketing Agent: v DEBENHAM TEWSON CITY VALUERS PTE LTD *****12/ *****84
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      20 9 Welcome you OIK* C_J»D WE OFFER YOU NOTHING BUT SERVICE AND GOOD FOOD Thai Lunch Buffet $12.50++ Adult $7.50++ Children
      20 words
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  • PERSPECTIVE
    • Article
      When all are right, and wrong
      493 10 HOTELIERS AND DEVELOPERS must have been distraught enough to have decided to air publicly their dispute with the tourism authority over whether there is a potential shortage of hotel rooms. Backed by a set of statistics, the Singapore Tourist Promotion Board has predicted that
      493 words
    • Article, Illustration
      And now, full steam ahead
      1887 10  -  The creation of Steamers Maritime Holdings which is offering 25 million shares to the public at $1.20 was part of a long-expected move by the Straits Steamship group to split its property and shipping businesses into two. ELAINE KOH speaks to the management of the
      1,887 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      94 10 Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way every Tuesday in BT BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc.
      94 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      51 10 HIGH P*&OV£ T M£ mN/LE/S l. RUD&C Th€. BLONDINI (SCBFFOM>NG 16 THC G£LNTCry) in philosophic moco FoR&eT BBOUT Tf-IC LOC LIVE &IRLS IN TMC OFFICES DIFF^RC DcxoM Tneße VLOORLD I VC.&EJP U)AViNG.... I we P>R£ NOT foRTHC) 1 V UKEJS OFTHem. ...J I •f Vf NINO STANOAAO CO. LTD., IM2
      51 words
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  • FOCUS
    • Article, Illustration
      Hatching a plan to build up Manila's economy
      1638 11 A CHICKEN-AND-EGG DILEMMA could bog down a massive plan to build the Philippine economy, with international donors waiting to pour in funds and the Manila bureaucracy unable to put together the project package that needs funding. Senators are worried that the country
      1,638 words
    • Article, Illustration
      'A delay in projects under Marcos'
      1627 11 INTERVIEW with Philippine Finance Secretary Vicente Jayme: What la the status of the Philippine Assistance Plan and how do you view Singapore's participation in H? I understand Singapore had made an offer under the Philippine Assistance Plan. Singapore is interested in helping in the
      1,627 words
    • Article, Illustration
      THE PHILIPPINES
      1432 11  -  The State of Affairs Despite the rash ot coup rumours, foreign investments have continued to pour into the country. Yet another signpost in the country's impending economic take-off is the multilateral Philippine Assistance Plan, on which Finance Secretary Vicente Jayme gave his views. HARISH MEHTA of the Foreign
      1,432 words
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  • LEISURE
    • Article
      The superman who is in for a fall
      861 12  -  MARY ROSE GASMIER profiles the executive most likely to suffer burnout, the MARY ROSE GASMIER PSYCHIATRIST Dr Yeo Seem Huat has seen it all before. The youngish executive bounding into his office full of confidence and energy. The office Superman, he leaps
      861 words
    • Article
      Values that can drive a person over the edge
      657 13 symptoms he displays, and how to avoid it. MOST BURNOUT VICTIMS tend to be very dynamic, competent people, "drivers" who are unable to relax or play. In Dr Yeo Seem Huat's experience, such qualities in Singapore victims may have been fostered
      657 words
    • SHORT TAKES
      • Article
        Lock icon Aquino condemns sexist ads
        216 13 Agencies MRS CORAZON AQUINO. Asia's first woman president, has condemned sexist advertising and said Filipino men should not feel threatened by the emerging role of women in the country. She told a female audience in Manila on Wednesday, International Women's Day, thaf advertisements sometimes depict women
        Agencies  -  216 words
  • Page 12 Advertisements
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      920 12 CALVET Where to entertain. Bubbling, Simmering, Piping, Hot Steamboat Buffet AT MING PALACE 7pm 10..K)pm Select from: Fresh Big Sea Water Prawns Caroupa Meat Fish Balls Beef Chicken Cuttlfish Crab Liver variety of vegetables variety of noodles SSl5+ per adult Sslo+ per child jjfT J j under 12 Jul Qy
      920 words
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      Page 12 Advertisements Column 2
      201 12 Have a Greek treat. i fi.?£5WK. It's been called the food of the gods and no wonder! The largest buffet spread of tantalising Greek dishes. Yalantzi Dolmathes (stuffed grape vine leaves), Shish Kebab and Skembe Yahni (tripe stew) are just some of the excellent choices available. If you've never tried
      201 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      199 13 Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daily, for every drink 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 the best musical
      199 words
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      Page 13 Advertisements Column 2
      83 13 CALVET A WAY OF LIFE 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
      83 words
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      Page 13 Advertisements Column 3
      57 13 SOME THINGS NEVER CHANGE.. like romancing candle-light dinners and good old-fashioned dancing especially cha-cha tango foxtrot, samba.waltz the list goes on At the Hearthrob you can relive those magic moments of yesterday and (who knows?) maybe create new ones IiUVitLU Swim wear Fashion Show By models from Imp International Carrie
      57 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      651 13 CRYPTIC PUZZLE ACROSS 4 Something you aren't sure to take (6) 7 Where there's nothing in an army hut. possibly (8) 8 Usual place for a wake (8) 10 No wild tribesman (5) 13 Fruitful food? (4) 14 Leave a chap something to aim at (4) 15 Where to dance
      651 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1343 13 TV and RADIO Blinded by a fixation OUR CHOICE BLIND DATE, 10.30pm, Channel 5 A hodge-podge of sci-fi movie, love story, murder thriller all rolled into one. Jonathan Ratcliff (Joseph Bottoms) is an account executive fixated by a beautiful model who resembles his late girlfriend. He loses his eyesight in
      1,343 words
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  • SPORTS
    • Article, Illustration
      Lock icon Edberg back in form
      290 14 TENNIS AFP SECOND-SEEDED Stefan Edberg of Sweden was back in form on Wednesday as he beat unseeded Horst Skoff of Austria in straight sets in the second round of the U*****,000 Eagle Classic tennis tournament in Scottsdale, Arizona. Edberg, the defending Wimbledon champion who has been
      AFP  -  290 words
    • Article
      Lock icon Schneider close to new world record
      376 14 SKIING AP SWISS SKIER Vreni Schneider had "wins" on her right glove and "13" on her left when she sped through a women's giant slalom In Shiga Kogen on Wednesday. and that's what she did tying Swedish star Ingemark Stenmark's record for moat World
      AP  -  376 words
    • Article, Illustration
      Lock icon Evert loses to Mandlikova in Slims tournament
      380 14 AP CHRIS EVERT, playing just her third match of the year and losing for the second time, was upset 3-6, 7-6, 6-0 by Hana Mandlikova on Wednesday in the U*****,000 Virginia Slims tournament in Indian Wells. The top-seeded Evert dominated the first set,
      AP  -  380 words
    • Article
      Lock icon Norman's recovering swing
      371 14 GOLF AP THERE WAS A MALAISE, a slump, a decline. "I was in limbo," Greg Norman said. The wrist, damaged in the 1988 US Open, was often blamed for his slide from the peak in golf. Norman dismissed that as a cause. "It all goes back to
      AP  -  371 words
    • Article
      SLTA drawn into dispute over date clash
      400 14  -  By CHARLES SAVAGE THE CONTROVERSY that erupted over the clash between John McEnroe and Bjorn Borg's exhibition match and the DHL Singapore Women Open next month has unfairly drawn the Singapore Lawn Tennis Association (SLTA) into a problem it was never involved with.
      400 words
    • Article, Illustration
      Kingdom claims record for hurdles
      349 14 ATHLETICS ROGER KINGDOM of the US tied the 60-metre hurdles world indoor mark of 7.36 seconds on Wednesday, but claimed his performance should be recognised as a record. Kingdom, taking part in a one-day meet in the Greek port of Piraeus, easily outran teammates Arthur
      349 words
    • Article
      Lock icon From rescuer to destroyer
      228 14 BOXING AP FOUR DAYS AFTER helping injured passengers escape from the wreckage of two trains that collided behind his home, Duke McKenzie turned from rescuer to destroyer to retain his International Boxing Federation flyweight title. McKenzie. 26. opened a cut over the right eye of American
      AP  -  228 words
    • Article
      Lock icon Tyson's manager files suit against promoter King
      214 14 AP BILL CAYTON, manager of heavyweight champion Mike Tyson, has filed suit in federal court in Manhattan, charging promoter Don King with racketeering, anti-trust violations and interference with Cayton's contracts with Tyson, two New York newspapers said. Cayton and King have been in
      AP  -  214 words
  • Page 14 Advertisements
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      493 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF P. T. MORIMURA ASSOCIATES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of P.T. MORIMURA ASSOCIATES PTE LTD. duly convened and held at the registered office at 585 North
      493 words
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      Page 14 Advertisements Column 2
      486 14 In the Matter of The Companies Act, Cap. 50 and In the Matter of COMPACT SERVICES PTE. LTD. Notice of Resolutions for Members' Voluntary Winding Up (Pursuant to Section 290) At an Extraordinary General Meeting of the members of Compact Services Pte. Ltd. duly convened and held on Wednesday. 8
      486 words
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      Page 14 Advertisements Column 3
      445 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF C.N.T. SHIPPING (S) PTE. LTD. STATUTORY DECLARATION OF INSOLVENCY I, CHIA YONO HEE, NRIC No. *****15/H of 74 Da Sllva Lane, Singapore 1954 make oath and say as follows: (a) I am a Director of the
      445 words
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      Page 14 Advertisements Column 4
      602 14 THE COMPANIES ACT, CAP 50 CONTINENTAL SUPPLIES PTE LTD (In Voluntary Liquidation) Special Resolutions passed on 3 March 1969 At an Extraordinary General Meeting of the company held at 561 -C Balestier Road. Singapore 1232 on 3 March 1989. the following Special Resolutions were passed (a) That Continental Supplies Pie
      602 words
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      Page 14 Advertisements Column 5
      90 14 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ATLAS SOUND (PTE) LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306(2) of the Companies Act Cap. 50 that the Final Meeting of the abovenamed company and of the Creditors will be
      90 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Van der Horst sets up base in India
      449 15  -  By ELAINE KOH VAN DER HORST, the service engineering and screen manufacturing group, has taken a 33 per cent stake in an Indian service engineering company which is targeted to be floated on the Bombay exchange. Site work has started on United
      449 words
    • Article
      Rothmans after-tax profit down 13pc
      391 15 ROTHMANS Industries Ltd has reported a 13 per cent drop in group after-tax profit to $12.3 million for the six months ended Dec 31, 1988, compared with $14.2 million previously. Due to higher export and du-ty-free sales, group turnover was marginally higher at $79.2 million
      391 words
    • Article
      Four Seasons to build and operate hotel in Paris
      336 15 HOTEL and property businessman Ong Beng Seng is fast increasing his holding of hotels across international boundaries, the latest being the acquisition of a piece of land in Paris to build and operate a mixed-use luxury hotel project. The purchase, signed
      336 words
    • Article
      DIVIDENDS ANNOUNCED
      589 15 Currant paymant En data ii Data payaMo Total for ttto yoar Total foi last yoa Asiatic Dov 3 S% Moy 22 Jim 5 Jul 4 55% 5% Austral Amal 20%(li Fab 17 Mor 3 Mor 23 20% 25% Avimo >5%TE Mor 1 Mor 13 Moy 15 25%TE 20%TE
      589 words
    • Article, Illustration
      Hotel Tai-Pan deal may be delayed
      529 15  -  Prospective buyer Paul Sun yet to inspect flagship hotel By MAGDALENE NG THE IMPENDING Hotel Tai-Pan Ltd (HTP) deal involving a change in ownership of more than half of the company's equity is likely to be delayed for "some time". This is because the
      529 words
    • Article
      Lock icon FMPT buying two properties before seeking listing
      422 15 MBT FIRST Malaysian Property Trust (FMPT) is close to finalising the acquisition of two pieces of properties, after which it will submit its application for a listing on the Kuala Lumpur Stock Exchange. Bank of Commerce director Or Munir Majid said on Wednesday
      MBT  -  422 words
    • Article, Illustration
      'Ng literally cheated MAA'
      245 15  -  Insider TmuIHM ironing Trial ALLAN NG DEPUTY PUBLIC ProMCutor Glenn Knight alleged yesterday that businessman Allan Ng had "literally cheated" Malaysian Assurance Alliance by buying suspended Sealion Hotel Ltd shares from it from a privileged position. Mr Knight, who is the Commercial Affairs Department director, said
      245 words
    • Article
      Lock icon HMPB chalks up 117pc rise in group profit
      296 15 MBT HARRISONS Malaysian Plantations Bhd (HMPB) has turned in a 117 per cent increase in group profit after tax and minorities to MJ121.06 million, on a 16 per cent rise in group turnover to M 5443.55 million, for the nine months ended
      MBT  -  296 words
    • SES
      • Article, Illustration
        Active afternoon trading pushes index 13.8 points higher
        1107 16  -  By ANDREA BORCH AFTERNOON BUYING propelled local share prices higher yesterday in active trading, but the market is still counting on good corporate results to keep it alive. The Straits Times Industrials Index climbed 13.8 points to close at 1,150.76, its fifth
        1,107 words
      • Article
        COMPANY MEETINGS
        147 16 KUALA LUMPUR KEPONG BERHAO: 16th AGM at the Registered Office, Wisma Taiko, 1 Jalan SP Seenivasagam, ***** Ipoh, Perak on Monday, March 13. at 12.30 pro. AVIMO SINGAPORE LIMITED: 15th AGM at Leo Room, Marina Mandarin, 6 Raffles Boulevard. Marina Square, Singapore 0103, on Monday, March 20, at
        147 words
      • Article
        APPROVED ISSUES
        131 16 Company RIGHTS ISSUE S Steamship (SSCO) Non-ienounceoble rights olter of 46 8m Steamers Maritime Holdings ltd (Steomers) shares to SSCO stockholders on the basis of 1 Steamers share 'or every 3 stock units of SSCO held at $1 20 per Steamers shore Suspension date: feb 16 Books dose:
        131 words
      • Article
        PROPOSED ISSUES
        308 16 Company RIGHTS ISSUE Ayer Hitom Tin One lor one )l 10 per shore Berjaya Corpn One lor-one 11 00 por per shore C 1 Holdings 27 million loon slocks in the ratio ot $3 loon stock (or every five ordinory shares held Causeway Inv Issue of $7,252,937 nominal
        308 words
    • Article
      SES SHARE INFORMATION
      5831 16 1968/89 High Low Tel Cod* Company Laat Sale +orMAR 09 Vol Day ('000) High Low Laat Quote Buyer Seller Gr's Dlv Dlv C'vr Gr's r»d Net P/E M Cap Smll SECTION ONE INDUSTRIAL A COMMERCIAL 162 85 254 167 135 460 237 350 132 167 177 297
      5,831 words
    • KLSE
      • Article, Illustration
        Lock icon Property stocks lead KL rise
        3431 17 MBT SHARE PRICES on the Kuala Lumpur stock market closed slightly higher yesterday on bargain-hunting and short-covering. Dealers said support in property stocks paved the way for the uptrend, enabling interest to spill over to other issues. A handful of tin and finance stocks also
        MBT  -  3,431 words
    • REGIONAL MARKETS
      • Article
        Lock icon S Korea gives semiconductor equipment firms a boost
        553 18 UPI SOUTH KOREA'S emerging semiconductor industry, a worry to both US and Japanese chipmakers, is proving to be a blessing for semiconductor equipment companies. Since 1983, Korea's chaebols giant companies that make everything from soap to jet engines have poured billions of
        UPI  -  553 words
      • Article, Illustration
        Lock icon Market loses ground
        503 18 Australia Reuter A FLURRY of selling from broking house accounts drove the Australian share market down yesterday afternoon, wiping out earlier gains. Brokers said the market lacked the support needed to counteract the "dumping" of trading portfolios. The All Ordinaries Index had fallen 5.2 points to 1,486.1
        Reuter  -  503 words
      • Article, Illustration
        Lock icon Stocks close lower
        472 18 Tokyo Reuter TOKYO share prices closed lower, but off their day's lows, in thin, nervous trade yesterday. Speculation of an imminent discount rate rise and of further developments in the Recruit share scandal triggered selling in a market sensitive to the interest rate and political situations, brokers
        Reuter  -  472 words
      • Article
        Lock icon Receivers called in for five more NZ companies
        321 18 Reuter FIVE more companies have joined New Zealand's corporate graveyard in the past week, showing that the long series of failures since the Black Monday share market crash of October 1967 is still running. Four of the five companies to enter receivership
        Reuter  -  321 words
      • Article, Illustration
        Market rumours push prices higher
        1366 18 Hongkong HONGKONG share prices closed slightly firmer yesterday. nudged higher by a spate of market rumours. The Hang Seng index rose 4.14 points to 3,062.79 and the broaderbased Hongkong Index 3.67 to 2.022.86 Turnover totalled HK$l.46 billion, compared with HKJI.I9 billion on Wednesday. "Most of
        1,366 words
      • Article
        Lock icon Bombay: Shares close mixed
        173 18 Reuter BOMBAY share prices attracted scattered profittaking and closed mixed in active trading yesterday, after rising sharply in the past two days, brokers said. The market opened firm on institutional support, but the higher levels met resistence. "The prof-it-taking is a technical adjustment as the bulls
        Reuter  -  173 words
      • Article
        Lock icon New Zealand: Shares weaker
        175 18 Reuter THE NEW ZEALAND share market was a touch weaker on low volumes yesterday and it is expected to end the week becalmed in a sea of tranquillity, brokers said. The Barclays Index dropped 2.05 points to 1.961.00. "The market's simply going through the motions. very
        Reuter  -  175 words
      • Article
        Lock icon Seoul: Record high
        130 18 Reuter SEOUL STOCKS soared to a record high in active trading yesterday for the second straight session with the index surpassing the 950 mark, brokers said. The composite index near the close was up 11.82 points at 951.31. Turnover was a heavy 496.1 billion won, compared with
        Reuter  -  130 words
      • Article
        Lock icon Bangkok: Index up
        106 18 Reuter BARGAIN-HUNTING yesterday saw second liners close higher in active trade that focused on mining issues which were boosted by the rising tin price, brokers said. The Securities Exchange of Thailand Index rose 1.36 points to 433 26 on a turnover of 7,584,235 shares worth 656.51 million
        Reuter  -  106 words
      • Article
        Lock icon Taipei: Late rebound
        419 18 Reuter A SUDDEN BURST of strength in the financial sector powered the Taiwan stock index to a higher close yesterday after it wavered in a narrow range for most of the day. brokers said. The weighted index jumped 90.31 points, or 1.23 per cent, to close at
        Reuter  -  419 words
      • Article
        Lock icon Manila: Bargain-hunting
        186 18 Reuter PHILIPPINE mining and commercial stocks rose on bargain-hunting yesterday by profit-takers in oils who shifted interest ahead of results of production tests on the Galoc 1A oil well in the central Philippines, brokers said. The Manila Stock Exchange composite index ended a two-day drop at 917.83 points,
        Reuter  -  186 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Blue chips finish firmer
        822 19 New York Reuter LATE program selling eroded a moderate blue chip gain scored on dollar strength, but Wall Street still managed a firm finish on Wednesday. The dollar rose after White House economist Michael Boskin said the Bush administration would listen to proposals on tax increases.
        Reuter  -  822 words
      • Article, Illustration
        Lock icon Equities open lower
        976 19 London Reuter LONDON share prices were lower at the opening yesterday after Wall Street's narrow five-point gain on Wednesday. Dealers said many market participants were nervous ahead of the budget on March 14, and expected trading volume to remain unspectacular. Sterling's steady undertone supported sentiment. Tl Group
        Reuter  -  976 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1655 19 Reuter MILAN: Italian shares yesterday recovered slightly from a weak start in thin volume focused on the banking sector, brokers said. The MIB index slipped one point, or 0.10 per cent, to close at 979. The market's tone remained weak due to domestic political tension and uncertainty
        Reuter  -  1,655 words
      • Article, Illustration
        Lock icon Doubts over possible Time, Warner buyers
        611 19 Reuter WALL STREET analysts are sceptical about the list of rumoured buyers for either Time Inc or Warner Communications Inc whose proposed merger makes each more vulnerable to a takeover bid. Some big foreign buyers are tied up in deals or debt, and could
        Reuter  -  611 words
      • Article, Illustration
        Lock icon Bond's move to sell Lonrho stake seen as testing waters
        754 19 Reuter AUSTRALIAN Alan Bond's decision to sell his group s 19.8 per cent stake in Lonrho pic at some 385p per share is seen as an attempt to flush out predators for the British-based conglomerate. "Bond is testing the waters
        Reuter  -  754 words
      • Article
        Lock icon East Asiatic expects 10pc sales growth this year
        290 19 Reuter EAST ASIATIC Company Group expects continued growth in calendar 1989, with a 10 per cent rise in net turnover to 19.4 billion crowns from 17.7 billion in 1988. The Danish trading, transport and consumer goods group said in a statement in
        Reuter  -  290 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      10 15 Clambo hat been held over due to pretaure on apace
      10 words
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      Page 15 Advertisements Column 2
      517 15 Financial Newsmakers <rr HMPB HARRISONS MALAYSIAN PLANTATIONS BERHAD (INCORPORATED IN MALAYSIA) Directorv Registered Office: Tun Ismail bin Mohamed Ali (Chairman) 13tfi Floor, Tunku Monsur Yaocob Menara PNB, (Alternate M.A. St. Clair-George) 201-A, iaian Tun Razak, J. Mcleod ***** Kuala Lumpur, Data' Abdul Khalid bin Ibrahim Malaysia. Zain Azahari bin Zainal
      517 words
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  • Page 19 Advertisements
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      0 19 ?},["+!%%"~,=}!}")~/_-[;,<!%*[/
      0 words
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      Page 19 Advertisements Column 2
      245 19 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) Notice of Annual General Meeting To: All Shareholders NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of the shareholders of the Company will be held in the Function Room of The Development Bank of Singapore Ltd, 45th Storey,
      245 words
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  • Article
    Asia-Pacific Cooperation: Japan takes initiative
    500 20  -  By BOEY KIT YIN JAPAN took the initiative to get the Asia-Pacific Cooperation (APC) proposals off the ground yesterday by calling for preparations to begin this summer with an "informal" ministerial meeting in autumn. Mr Shigeo Muraoka, viceminister for international affairs at the Ministry of
    500 words
  • Article
    Lock icon Australia may introduce register of foreign investments
    314 20 Reuter AUSTRALIA is considering introducing a national register of foreign investments to sharpen its scrutiny of Japanese property buying and calm public fears over the "selling off" of the country. "Australians are entitled to know how much of their land has been sold,
    Reuter  -  314 words
  • Article
    Lock icon Ex-Japanese envoys to visit Vietnam
    219 20 AFP JAPAN will send two former ambassadors to Vietnam today for talks with Vietnamese Foreign Minister Nguyen Co Thach on developing bilateral ties. A Japanese Foreign Ministry spokesman said yesterday that Mr Yoshihiro Nakayama and Mr Kichisaburo Inoue would visit Hanoi and Ho Chi Minh
    AFP  -  219 words
  • Article
    Lock icon Takeshita asks Cabinet to refrain from trading
    175 20 Reuter JAPANESE Prime Minister Noboru Takeshita, facing mounting public outcry over the Recruit share scandal, suggested yesterday that Cabinet ministers refrain from stock trading. Japanese news reports quoted Mr Takeshita as telling a meeting of his private advisory council on political reforms: "It
    Reuter  -  175 words
  • Article
    Call to raise energy prices to bring about a cleaner world
    351 20  -  By SHAHRIR ARIFF RAISING THE PRICE of energy could bring about a cleaner world, according to an environmentalist. This would be possible because more expensive energy would force governments to use more efficient technology for better utilisation of energy.
    351 words
  • Article, Illustration
    PM: Diplomatic relations with Beijing soon
    605 20  -  S'PORE WAITING FOR JAKARTA TO ESTABLISH TIES FIRST By BOEY KIT YIN SINGAPORE will set up diplomatic relations with China a few months after Indonesia establishes ties within a year, says Prime Minister Lee Kuan Yew. But, in an interview with Taiwanese journalists on
    605 words
  • Article
    Preserve remaining Chinese schools: PM Lee
    385 20 THE FEW Chinese-language schools left in Singapore should be preserved because of the lasting values they can imbue in students, said Prime Minister Lee Kuan Yew. "If I had a chance to go back to, say 1965 or 1970, I would have kept the
    385 words
  • Article
    Lock icon Comex gold
    79 20 Reuter COMEX GOLD futures slipped early yesterday on followthrough selling from Wednesday night but activity was slack prior to today's US employment data for February. April gold lost US$O.7O at U*****.70 an ounce, Selling pressure was not heavy, which suggested that some of the large traders, including fund
    Reuter  -  79 words
  • Article
    Lock icon Meeting endorses refugee draft plan
    217 20 AP AN international meeting on Indochinese refugee problems has ruled out any forced repatriation of asylum seekers who do not qualify as refugees from political persecution. Delegates from 30 nations ended their three-day meeting in Kuala Lumpur yesterday after endorsing a draft action plan for
    AP  -  217 words
  • Article
    Lock icon Laurel forges formal alliance with Marcos
    199 20 UPI PHILIPPINE Vice-President Salvador Laurel yesterday launched a formal alliance with ousted ruler Ferdinand Marcos at a meeting which revived the political party that catapulted the exiled dictator to power in 1965. The ailing Mr Marcos, hospitalised for respiratory and lung ailments in Hawaii
    UPI  -  199 words
  • Article
    Lock icon Sri Lankan Parliament opening marred by strikes, boycott
    463 20 AFP THE CEREMONIAL OPENING of Sri Lanka's Parliament by President Ranasinghe Premadasa yesterday was marred by a boycott by Tamil MPs and sporadic strikes by Sinhalese rebels. Officials in Colombo said anti-government Sinhalese militants forced shops, offices and schools to close and
    AFP  -  463 words
  • Article
    Lock icon Tin price soars by another 69 cents
    179 20 Bernama THE PRICE of tin on the Kuala Lumpur tin market shot up another 69 Malaysian cents yesterday to a dizzy M ***** a kg, leaving the industry almost dumbfounded. Association of Tin Producing Countries (ATPC) executive secretary Redzwan Sumun said there was
    Bernama  -  179 words
  • Article
    Lock icon Midland banker rejects Third World debt pardon
    399 20 Reuter A SENIOR European banker has rejected the idea of mandatory reduction of Third World debt and instead called for voluntary reductions combined with fresh credit. "In examining the options available I can readily concede that the present strategy is somewhat frayed at
    Reuter  -  399 words
  • LATE FILE
    • Article
      Lock icon G-7 nations to meet next month
      61 20 AFP FINANCIAL leaders of the Group of Seven industrialised nations will meet in Washington early next month to discuss ways to cope with growing inflation fears, a senior Japanese official said yesterday. The G-7 meeting will mainly discuss economic policy coordination in the wake
      AFP  -  61 words
    • Article
      Lock icon 'Don't dramatise Rushdie affair'
      58 20 AFP UN SECRETARY-GENERAL Javier Perez de Cuellar said in Kathmandu yesterday that a balance must be found between respect for human beliefs and rights of expression in the Rushdie affair. "We must have respect for human beliefs and rights of expression. We have in some way
      AFP  -  58 words
    • Article
      Lock icon UK closes Iran's consulate in HK
      43 20 Reuter BRITAIN has closed Iran's consulate in Hongkong after the Islamic republic cut diplomatic ties over Salman Rushdie's novel, "The Satanic VersesConsul-General Modjtaba Karami was told that he and three other diplomats had two weeks to leave.
      Reuter  -  43 words
    • Article
      Lock icon Taiwan invests in Panama free zone
      30 20 AFP TAIWAN will invest US$l6 million to build an industrial processing free zone in Panama, Taiwan's ambassador Soon Chang Chih announced in Panama. AFP
      AFP  -  30 words
    • Article
      Lock icon France lifting forex controls
      61 20 AFP ECONOMY MINISTER Pierre Beregovoy said yesterday that a French government decree of 1968 providing for control of foreign exchange operations would be abrogated "in the next few days". Two regulations restricting such operations for private citizens would, however, remain in force until the complete freedom
      AFP  -  61 words
    • Article
      Lock icon Pope to visit South Korea
      62 20 Reuter POPE JOHN PAUL will visit South Korea in October to attend a world Roman Catholic meeting in Seoul, church officials said on yesterday. More than 20,000 foreign clergy and lay people were expected for the International Eucharistic Congress, scheduled for Oct 5-6. The Pope
      Reuter  -  62 words
    • Article
      Lock icon Vatican forecasts record deficit
      43 20 AP THE VATICAN yesterday forecast a record budget deficit of more than US$7B million for this year and announced details of a major reform of the Vatican bank, which had been touched by Italy's biggest post-war banking scandal. AP
      AP  -  43 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      95 20 *W3 THE PENTHOUSE {HOLLAND RO) {^RESTAURANT 21 1 Holland Avenue »04-01. Holland Shopping Centre S pore 1027 Tel *****06 *****52 FREE! One Suckling Pig, for every table of Suckling Pig Set menu ordered. No Take-aways LOCAL SUCKLING PIG SET MENU $288 ('old Dish Special Shark'* Fin Soup with Crab Meat
      95 words
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      Page 20 Advertisements Column 2
      11 20 Laurel accused of hiring US firm to undormino govt, PAGE 4
      11 words
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      Page 20 Advertisements Column 3
      119 20 The silver report wee not eveileble et preee-ttme. J Is Number One! The building which changed the skyline of Shenton Way r r rji~i |r r!r r VrVr r r'r r r YOU'VE SEEN THE PROFILE, why not come on in and see what we have to offer... 0 Excellent
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  • SHIPPING TIMES
    • Article
      Slight increase in Bintulu Port's throughput
      378 21  -  By G DURAIRAJ THROUGHPUT at Sarawak's Bintulu Port edged up slightly last year to 9.63 million from 9.58 million tonnes, an increase of one per cent. However, cargo handled at the authority's wharves rose by 3.4 per cent from 7.14 million to 7.39 million
      378 words
    • Article
      EAC-HIL ship on its way to Australia
      443 21 FOLLOWING the tie-up between EAC-PNSL and Hongkong Islands Line (HKIL), their joint service is well on the way with the first vessel half-way between Hongkong and Australia. and the second soon to be loaded and sailing. Shipping Times reported on Feb 20 that
      443 words
    • Article
      Lock icon ScanDutch members seek to replace fleet for consortium
      151 21 Lloyd's Ship Manager TWO SCANDUTCH members, EAC and Nedlloyd. are discussing fleet replacements for the consortium, which also includes CGM, Wilhelmsen and Transatlantic. Last month, EAC was expected to sign a contract for a 3,600 TEU unit with Mitsui while Nedlloyd is
      Lloyd's Ship Manager  -  151 words
    • PORTSIDES
      • Article
        Lock icon Soviet ports still open
        111 21 Reuter FAST ICE persisted at Leningrad but the Soviet Baltic oil ports at Ventspils and Klaipeda were still open, the regular ice report of the Finnish Institute of Marine Research showed There were still some restrictions to shipping in Finland, where only ships of Finnish/Swedish ice
        Reuter  -  111 words
    • Article
      Aussie operators criticise new study
      598 22  -  By JOHN SPIERS A NEW study attacking the economics of Australian ships, which was partly funded by overseas shipowners, has been strongly criticised by Australian ship operators for its alleged lack of objectivity. The announcement of the study results comes only weeks before the Australian
      598 words
    • Article
      INDEX TO ADVERTISERS
      1045 22 AS Shpg V s ABC CoMomer a Accord Shpg VI AfS n Ahrenkiel liner 1 Alltrom IV AC Toepler XI Am* >co« Tpt 1 Anro Service IV Arrow lines IX Asion Oceo" XI Assoc Corrogt XI ANl 1 ATC line V API ASCI AHos llM I Bolt
      1,045 words
    • Article
      SHIPPING EVENTS
      324 22 March 9-10 The Motor Ship 11th international marine propulsion conference and exhibition, Hotel Russell, London. Details: Status Meetings Ltd, Festival Hall. Petersfield, Hampshire GU3I 4JW. March »-10 Tanker '89. The two-day seminar will be held at The Queen's Room, Baltic Exchange. 14/20 St Mary Axe. London EC3A BBU.
      324 words
    • Article
      Orders for large container ships likely to accelerate
      423 23 DEMAND from owners for large new container ships will continue to accelerate into the *****, a new report suggests. Leonard Goss, senior partner at CSR Consultants, believes the present level of ordering Evergreen, Yangming and Nedlloyd have already indicated an interest in
      423 words
    • Article
      World laid-up tanker tonnage declines
      193 23 WORLD laid-up and idle tanker tonnage fell to 1,819,489 long dwt in February from 2,026,089 in January, although the number of vessels involved was unchanged at 23 units, London shipbroker John I Jacobs said. Combination carrier tonnage fell to 609,752 dwt (six) from 705,352 (eight).
      193 words
    • Article
      Lock icon Rauma-Repola closes yard
      325 23 Reuter FINNISH engineering and shipbuilding group RaumaRepola Oy said it would close its Savonlinna shipyard in eastern Finland because of declining orders from the Soviet Union. It was the group's latest move to reduce losses in its shipbuilding and marine technology division which amounted to 300 million
      Reuter  -  325 words
    • Article
      LONDON FREIGHTS
      1292 28 CHARTERING on the dry cargo freight market on Wednesday increased after a fairly slow start to the week and included reports of time-charter bookings to Soviet charterers, brokers said This business was said to involve a 69,000 tonner from the Continent for a trans-Atlan-tic round voyage for the
      1,292 words
    • Article
      SHIPPING LIST where your ships are due...and when
      7611 28 AAftHUt S Paniang Otaaagabi March t/11 Banaldar Trlot March WPK) Maarak Tokyo Maarak Lina. March M 0 Ming Planty Yang Ming. March 11 Evar Glowing. Evargraan. March 12 Noraaia Suaan Noraaia Lma. March 12 Jullandia ScanOuicht March 13 An Ha China Ocaan
      7,611 words
    • Article
      SHIPS IN PORT
      1250 28 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES A *«'tWyds>»0*« P K36 alongside 1003,0600 Bod Ac« KI9 alongside 12 03-0600 £o$f«<n Glory Kie alongside 1003,0100 fetcood K34 alongside 12 03/2359 Gocko co» ol&ngvde 1103/1200 Goki fgtcr* K2I oiongs.de 1003,1100 K Bobtyevit y Kit alongside 1003 1800
      1,250 words
    • Article
      BUNKER MARKET REPORT
      542 30 Density Water Carbon Ash Aluminium Sediment Residue KG/M*3 V/V M/M M/M PPM M/M Exxon method ISO/Clmac limits Spec E25 991 1.0 15.0 0.10 30* 0.15* Spec G35 991 1.0 18.0 0.15 30* 0.15* Northern Europe 180 Ave 981 0.1 13.1 0.04 8 0.04 180 Max QQQ 1.2
      542 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      775 21 o° TIMES STP Distributors OOCL Dedicated to Quality st!»*vict* WW SHIPPING AGENCIES 200 Cantonmont Road #12-06 Southpowit, Sing*poo 0201 TM *****11 TELEX NO RS ***** TERMINAL/CFS Tel *****18 220 BOOKINGS TH *****34 235 PESAKA JAROINE SHIPPING AGENCIES SON BMO. PORT KELANG TEL: 36S4US Tetei No. MA*****/MA***** PENANG TEL *****4 TELEX
      775 words
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      Page 21 Advertisements Column 2
      71 21 mm A NEW study attacking the economics of Australian ships, which was partly funded by overseas shipowners, has been strongly criticised by Australian ship operators for its alleged lack of objectivity. Page II DEMAND from owners for large new container ships will continue to accelerate into the *****, a new
      71 words
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      Page 21 Advertisements Column 3
      790 21 ti, TIMES STP Distributors fames Pubhahmg Croup MAERSK LINE DESTINATIONS To Calitornia-US Gulf-US Atlantic-East Canaaa-Ali Mster Service LARS M 8904 14/3 LAURA M 0004 21/3 REQINA M 6804 26/3 LEXA M #904 4/4 MCKINNEY M 8004 11/4 LEDA M 6804 IS/4 LICA M 8004 25/4 MAR IT M 8004 2/5
      790 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      506 22 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG BREMER HAVEN R DAM/ ANTWERP LE HAVRE AMPTON P KELANG S PORE HONGKONG HSIUNG OSAKA BAY TOLAGA BAY
      506 words
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      Page 22 Advertisements Column 2
      20 22 Lines and services represented by AvfiWfciiSN Members of the Registry of Accredited (?£rQ* "M Shipping Agents, Singapore National Shipping Association.
      20 words
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      Page 22 Advertisements Column 3
      934 22 S' C S A V Comoonui Sue} Americanj do Vjoores S*• Cfilejn fn. fu -«;j EXPRESS SERVICE TO/from CHILE FEEDER rrOK MOTHER VESSEL VESSEL <3AV 1 11/1 VAR V.llOl EB CSAV J 4/4 C VESSEL CSAV H/4 A VESSEL H« TOKO ARICA *QQ AdTOf VALP SAI S2 W W Ufl
      934 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      1299 23 The Straits Steamship Group TO^Containers 1 CONTAINER SERVICE TO UK/CONTINENT STRAITS SHIPPING Singapore to Sabah, Sarawak. Brunei Ports and Bangkok BEHAIDER PILM KNAVOM OSAKA SAT TOKYO MY NIPPOftICA TOLAGA MY MOMTE ROM Abo Accepting Cargo For: Himtmi la Copiwlllf n Airhu*. Qatlwnturf. tolmo, Stockholm. tMttnki, Sondartourf flotlardMt ta Antwarp. Amtantom.
      1,299 words
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      Page 23 Advertisements Column 2
      748 23 NOTICE 8,500 DWT Deck Cargo Dumb Barge with 300 x 70 ft clear deck space leaving for USA in first week April 1989. Accept cargo for Los Angeles/Baja California Areas. 7,000 BHP Supply Vessel with clear deck space of 120 x 40 ft leaving for USA late April 1989. Accept
      748 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      341 24 mSINOSE MARITIME PTE LTD aK~2B" EI ISLAMIC Rl PUBLIC OP IRAN SHIPPING LINKS IRANIAN SERVICE IRAN BAYAN PJLMI Singapore 11/3 Loading lor BANDAR ABBAS I*YOWM Ym KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL KYOWA VIOLET V.24 KYOWA HIBISCUS V.3S HK LOAD FOR: 29/3 VILA, NMA. LTK. SUVA, PAGO. APIA 24/4
      341 words
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      Page 24 Advertisements Column 2
      747 24 HANJIN SHIPPING CO., LTD. I TO EUROPE VIA SUEZ E'.'l.l.Y CONTAINERISED SERVICE FROM EUROPE VIA SUEZ HANJIN ROTTERDAM IE HANJIN HASAN 47E Li Havre Ft tow* Rtfan 22/2 27/2 28/2 8/3 13/3 9/3 QUEENS WAY BRIDCE IE 22/3 27/3 23/3 CHOYANG PARK IE 29/3 3/4 30/3 H'burf B'lwvon Spare 24i2
      747 words
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      Page 24 Advertisements Column 3
      159 24 VB\ aOIUGAIAMA L.IIUE V S PORE P KELANG PENANG INCHON SUSAN SINGAPORE G1.041T V*c 17 Mr 11 N*r li Mjr 27 M»r S M* SUSAN GLORY V*B 1» Mpr URm 21 Mar 21 Mk HAJYINGVW2 25 Ibr S N»r 3 Apr 1 Apr MALAYSIA GLORY VHi 1 Apr I Apr
      159 words
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      Page 24 Advertisements Column 4
      831 24 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ssss" ?S*sassssr" s ;S ss tvt«amus 5S W !;S hZ iZ iS IS !iS iSi SS iS SS SS S3 3S 25 ALSO ACCEPTING CARGO TO: M STuiIMTM ,OSTO "ORTOLK. JACKSONVILLE UHOA. IMM 0 ATLANTA, CHICAGO DETROIT, COLUMBUS A OTHE* MAJOft MICtORNIDGI
      831 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      972 25 PACIFIC INTERNATIONAL LINES '\V\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE HAi Hill MRU BHUM VESSEL SEA GLORY SEA GLORY SEA HAWK SEA QLORY SEA HAWK RED SEA/EAST AND
      972 words
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      Page 25 Advertisements Column 2
      576 25 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT I** Bonn Ciprtu London Exrw STON HAM I MAW* DDAM HA»M Tin Jl/1 V* V 4 *4 7/4 MM 1W *4 M n L 2/4 144 1M 174 I*4 U/4 1M 14/4 IX4 Ol* I*4 im I*4 W* ZD* Z** Zt,* z**
      576 words
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      Page 25 Advertisements Column 3
      553 25 DJASAGETRI A Joint Europe Service Of: P.T. OJAKARTA LLOYO P.T. 6ESURI LLOYD P.r SAMUDfRA INOONESIA P.T.TRIKORA LLOYO SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PORE ANTWERP H BURG/ RDAM/ADAM BREMEN L. J. BONTANG/17WB 6-8/4 7/5 12/5 MATA°am ?3WB 11-14/4 11/5 16 i PALEMBANG 1?WB 3-5/5 6 6 11/6 KUTAI
      553 words
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      Page 25 Advertisements Column 4
      498 25 BOUSTEAD SHIPPING AGENCIES PI PINYA VIOIW pagan rim HTONEYWA V245W PA-AN VI36W BURMA FIVE STAR SHIPPIWB CORPfIRITIfIN (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 10/1J Mir TAINER SERVICE CLYDEBANK V2SN TAMATAI SAMOA Vl5 FORTHBANK V24N SPORE ROAM HULL 31/3 29/4 6/5 24/4 21/5 10/6 18/5 14/6 25/6
      498 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      629 26 n K L INK KAWASAKI KIShN KAISHA. LTD. wv N. AMIR EXPORT 0. FREEDOM V24/OOCL FAIR RAINBOW BRIDGE 0. FSHIP Vl3/OOCL FREEDOM VIA FIEOCR ORIENTAL FREEDOM RAINBOW BRIDGE ORIENTAL FRIENDSHIP FEEDER VESSEL ORIENTAL FREEDOM RAINBOW BRIDGE ORIENTAL FRIENDSHIP VOY LB 23 4/2 It 11/2 12 11/2 CHLS NFK 14/2 16/2
      629 words
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      Page 26 Advertisements Column 2
      58 26 hu to ft 4\ i'K UOf.DKNWAY MARITIMK SUN. lilll). ETA ETD Loading For SWEE ANN SATU V 4/89 15/3 18/3 Kuching/KK/Labuan NEW LINE No 1 Vl/89 15/3 20/3 Bintulu/Min MARITIME No.l V 3/89 11/3 13/3 KK 6A, Lorong Cempening, off, Jin. Berangan, Port Klang, *****. Selangor Tel: *****80, *****84 *****88
      58 words
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      Page 26 Advertisements Column 3
      597 26 9<335& AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Sfflgaport P Krtjn, Panang Lotd.nf tor Moflwr lit By fmOn By f—4* 13 Ma> Frtm.lMlxSydn/AM 5 Apr 30 Mir Mt> Fr*m/«WtWsy«i/AM 6 May 30 Apr K Apr Fr«m tMb.Sydn AM n May 24 May frtm M«b Sy<)n/A<W MflbOu'K U da^ HAL I
      597 words
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      Page 26 Advertisements Column 4
      520 26 GOLDEN LINE GUM GUAN SUPPING (PIE) LTD n. faM Ay« Str««t SiNCAMME 0104 EEL ru MUM (to LINK) fw VJ4JSO4 STRAITS/PCRSIAN GULF SERVICE: Spor. P Keiar« p*** GOLDEN WON DC It CaMWKmcfttfMft 14/15 Mar GOLDEN HAVEN C«lmi*O/KKKM>UIM CHINA SERVICE A VESSEL Huancpui Shar*hai CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S
      520 words
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      Page 26 Advertisements Column 5
      395 26 n® PHIU-OniCNT LIN(S PTC LTD HfAO OFFICE 93 BOBINSO.N f»OAO »OM2 AFRO ASIA SUILOiNS SINGAPORE 01C5 ffIEX RS J3T2O PMILI M* 225«5'« M—li EAST/FAI EAST FCI 1 LCI WWCt gVESSEL [ETA SINGAPORE [DESTINATION I 'TMi t M ."IW l-'J QfiEfiEEfiS .'vr;r: J JI WW* inirwvnii TBN NEW GENTRAOE COLOMBO. KARACHI
      395 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      891 27 NEPTUNE AGENCfS PTE. I TO. ft EU/AUSf fPA/SCA imra imm NEPtME SON BMO NEPTUNE EXPORT FEEDER VSL N. Emerald 04N N. Ivory 09N N. Emerald 06N N. Ivory lON II 1 1-I■L'.1■L'.L I isa i i 1* K i > i n K i TLANTir via mini MOTHER VSL O.
      891 words
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      Page 27 Advertisements Column 2
      198 27 Vessel s Name ETD BS SPORE PKLG KEE SUSAN MO JI NO 9 DON AM/902 N 21/02 11-13/03 14 15/03 23/03 26-21/03 2703 VGIORIA/SO3N 09/03 21-22/03 19-20/03 30-30/03 02 03/04 03/04 NO I DONAM/903N 13/03 23-2503 26-27/03 04-0404 07-09/04 204 DRAGNET/903N 2203 03-0404 01-0204 12-1204 IS-1«0« 1604 MO JI container
      198 words
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      Page 27 Advertisements Column 3
      215 27 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) 13/3 ft 11/3 14/3 ft 23/3 14/3 21/3 14/3 ft 21/3 14/3 21/3 14/3 ft 21/3 14/3 ft MANILA BUSAN TOKYO KOBE NAGOYA YOKOHAMA JAKARTA ■'uvf^jWv'i.TyjuAjinyi EC. fiMri wa 19/3 ft 30/3 13/3 ft 20/3 13/3 ft 20/3 FELIXSTOWE HAMBURG ROTTERDAM NOW
      215 words
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      Page 27 Advertisements Column 4
      941 27 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 ***** PfNANC P. KELANG RKSSRSHAI THONC SHIPPING 12/P«u<« Street. Ptnan«. Malayw M/S HANDLING SYSTEM CO SON BNO CaMt*
      941 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      305 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. rtl 225 6868 |14 Lnei) FAX *****.19/*****/6 FtllX HS 29 )88 A/B SSCMA. HS ***** A/H SSCAI) DSR-LINES VEB OEUTFRACHT/SEER6EOEREI ROSTOCK < I .I ll INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE "VIA LARNACA. ACCEPTING CARGO FOR UMASSOI. BEIRUT.
      305 words
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      Page 28 Advertisements Column 2
      56 28 T.S.K. lime: WEEKLY CONTAINERISED SERVICE WITH FIXED PAY ARRIVAL EJEJIEIEIinnm tautaaaiasa QlQim aa UQ| C3IE3iCJBUGUmEM^MM H|lJg|Q|g|Uy|[jj|j| QmQmm|B|rnrngn TSKLINE AGENCIES (S) PTE LTD TEL: *****68 f< MALAYSIA AGENT TRANS-ASIA SHIPPING CORP. TEL K.L *****77 PKL *****64 PNG *****2 HINODE KISEN CO. LTD. SPECIALISED HEAVY LIFTERS AVAILABLE MIDDLE EAST REGULAR LINER SINGAPORE
      56 words
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      Page 28 Advertisements Column 3
      83 28 MAINFREIGHT (S) PTE LTD 15 Mccallum St #05-04. Natwest Cerure S pore 0106 TEL: *****12 AUSTRALIA VSL SIN Z. KAO 11/3 A. AUSTRALIA 10/3 B. ANGSANA 16/3 FOR BRI. ADEI SYD MELB FREMANTLE FCE SHIPPING j WEEKLY SERVICE TO:USA. HONGKONG FLYING CIRCLES EXPRESS PTE LTD TEL: *****24 FAX: *****31 TLX:
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      172 28 /rr ElI Regional Weather m B r>> Va m Sk H I Co! W7 V 4 I ZK 5S Wind d*edtoo «»«th speed in knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. March 10, If LEGE NO R Thunder,™ •<- X\ A owe Wrott>e» Wmd d«r ec too with
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      964 29 I r&Y RICHFIEIO MARINE AGENCIES (S) PTE LTO |Q3 TEL ***** 33 (10 Lines) S\ FAX *****15 TELEX RS ***** RISHIP (3 Ltn««» of ACCfcPTINO FCL ANO CONVENTIONAL PEN/PKQ ETA SPORE LOAOtNQ FOB M/V ABB AY WO*Z S/4 OA«ESSALAAM MOMBASA, OJMOOTI VOY 19WB ASSAB MASSAWA MOOEIOAH Other ports along the
      964 words
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      Page 29 Advertisements Column 2
      1209 29 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 i D IRAQI LINE \C IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT MV SINDBAO WEST BOUND SERVICE ETA S PORE LOADING FOR In Pt UM Qau/Basrah/Baghdad I Other Arabian Gulf Par THROUGH BA.I to BAGHDAD UPON REQUUT ALSO ACCEPTING CONTAINERS
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      603 30 Mfe FINE-LINER SHIPPING TH® PTE LTD /O Sh*nton Wiy 04-02 C Minru House S core 020" m T£L *****77 (3 Lines) w TLX RS J.'Wl FLIN6P FAX *****56 EUROPE SERVICE (FCL LCL) EEESICIIIBSCEniCIESBZBEBffIiCOBuSH JM 11,4 W an V 4 1/(4 11M 17(4 |J*4 Vi FAR EAST SERVICE (FCL LCL) 0253
      603 words
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      Page 30 Advertisements Column 2
      714 30 Zl FUU CONTAINER SERVICE *captinf FCI/tCL ur«<m to USA East «tat Coast. C«ri»iiii.bil Canada. HAITI CtrU Rkj, (I Salvador, Guatemala, Honduras. Venei u«la. Peru, Ecuador. Colombo via Mi mm. Trinidad. Barbados. Antigua. S» lucia, Monticrrat, Guar ana Kmfston 323 zzcinDH m SB miia ml AUSTRALIA CONTAINER SERVICE ACCEPTING CARGO TO
      714 words
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      Page 30 Advertisements Column 3
      333 30 Everett Lines TA run UALLAU, WAIAKANI, ILU' AND ALL UTHtH wL £L RUV,AN PORTS* WITH TRANSHIPMENT AT KOBE ON A CPV THROUGH BILL OF LADING TO FINAL DESTINATION. A Petur>f* P. KtUnf Smppor* ZA ROSE EVERETT 13/14 M«r R JOHNEVERETT 23/25 lUr 2V» Mar R MURRAYEVERETT >01 Apr "EVERETT ORIENT
      333 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      293 31 T73k—- Consolidation Service VIETNAM SIN: 16/3 HOCHIMINH PACIFIC ISLANDS SIN: 23/3 NOUMEA/PT VILA/SUVA/PAPEETE MAURITIUS REUNION ISLANDS SIN: 12/3, 30/3 PORT LOUIS/REUNION TRANSTAINERS WEST AFRICA SERVICE TUNIS/ALGIERS/CASABLANCA/NOUAKCHOTT/ LOBITO /BANJUL/CONAKRY/MATADI/LUANDA/ Thru direct B/L to BAMAKO/NIAMEY/YAOUNDE/OUAGADOUGOU/ BANGUI/KINSHASA TTA Freight Pte Ltd Tel: *****55 TLX RS ***** INTERTEAM j :i:rt.Twnf T umm LCL CONSOLIDATION
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      Page 31 Advertisements Column 2
      591 31 SMIWINO ft TRANSPORTATION (PTC) LTD WEEKLY LCL/FCL SERVICE illißEsSSiil JENLINK V 98N DESTINATION# ETA SINGAPORE PORT KELANG 11 MAR MANILA MAR HONG KONG. ALL CHINA PORTS 11 MAR KEELUNG. KAOHSIUNG 12 MAR BUSAN 14 mar TOKYO. KOBE 11 MAR CHITTAGONG 17 MAR DUBAI 12 MAR SYDNEY. MELBOURNE 11 MAR BRISBANE.
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      Page 31 Advertisements Column 3
      403 31 It* GLORY NAVIGATION GROUP JJ-I'H.'JII'IJ.fTT 111 TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' PKL PNC BIN KAON GLORY SCLATAN V Voy 107 12/3 14/3 GLORY SCLATAN VII Voy J7 SaiM GLORY SCLATAN VIII Voy K IS/3 CLORY SCLATAN IX Voy 17 14/3 6 VESSELS OF
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      Page 31 Advertisements Column 4
      426 31 PTC CONTAINER LINES FCL LCL SERVICE PTC GOOJP UN EUMPE/MK 13/3 RDM/HAM/ANT/LE HAVRE/GENOA 13/3 LDN/FLX/LVP/SOU SIN USA/CANADA 12/3 L.A./NYC/SFO 15/3 VANCOUVER/TORONTO/MONTREAL 17/3 SYD/MELB/ADEL/FREM 13/3 AUCKLAND/WELLINGTON SIN PAPUA NEW BNINEA 23/3 P. MORESBY/RABUAL/LAE SIN SOUTH ASIA 26/3 BOMBAY/MADRAS/CALCUTTA 13/3 COLOMBO 26/3 KARACHI C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      507 32 Hai Sun Hup Co (Pte) Ltd r Et- *****06 (20 Line*. TLX MS 2206> .4 RS ***** fc. I -\Sit k\ (AK L |\t k I I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! TAIWAN CHINESE PORTS, SUBJECT INOUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS *Aho call*
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      Page 32 Advertisements Column 2
      292 32 YANG LINE EXPRESS FAB EAST/EUROPE FULLY CONTAINERISED SERVICE WESTBOUND Alto accepting tor Inland UK destinations Antwerp and Sea rata rtayian ports. Ldf tor HK/KAO/KOBE/Y OKO/ BUS AN STRAITS TRANSPORTATION PTE LTD TEL *****22 (CHOYANG/FMG/CAVN) *****44 (WATERMAN) K.L. TEL *****50 *****13/4 PK 38*8478/*****53 PENANG *****7/8 0 COLUMBUS LINE REEDERE! GMBH (A
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      Page 32 Advertisements Column 3
      358 32 P.T. MASKAPAI RELAYARA PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INOONESIA, MALAYSIA ft THAILANO ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: 222Q255 VSL OKUNOZE SINDBAO MARINER OKUNOZE SINDBAD MARINER
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      Page 32 Advertisements Column 4
      831 32 r IsM CALL US AT: P KEIANG PENANG J BAHRU P GUOANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE *****1' TO EUROPE FEEDER B. BUTANC ill B BUTANC SB B BUTANC SJS B BUTANC &J7 OTHER DESTINATIONS AARHUS AMSTERDAM, ANTWERP BASLE BREMEN BREMERHAVEN. COPENHAGEN. HELSINKI. MALMO. OSLO. STOCKHOLM UK
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