The Business Times, 9 May 1989

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, MAY 9, 1989 75 CENTS
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  • 158 1 Dow down WALL STREET stocks showed broad losses in early trading yesterday, but selling was relatively light, brokers said. The Dow was off eight at 2375. Reuter Footsie lower LONDON share prices were mixed and largely unchanged at midday yesterday, with two British economic reports having little
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  • 95 1 THE US DOLLAR started mixed against major currencies in Europe yesterday as dealers prepared for another test of the greenback s strength. Dealers said sentiment was still bullish on the American currency and that investors were very keen to get their money into US
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  • 142 1 AFP A LEADER of Malaysia's ruling party yesterday said that he had no knowledge of reported British kickbacks to the party in exchange for the conclusion of an arms deal. "We are not aware of this," said Datuk Mohamad Rahmat, secretary-general of the
    AFP  -  142 words
  • 236 1 PENT-UP DEMAND after five consecutive days of holidays drove up share prices on the Tokyo stock market to a record close yesterday. Elsewhere in the region, major stock markets also closed higher. Both the Singapore and Malaysia markets were closed for
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  • 456 1  -  Money lent at fixed interest rate By LOH HUI YIN SINGAPORE'S push into high technology has been given extra momentum by the government through a little known about loan scheme. Under the Capital Assistance Scheme, now in its third year, the Economic Development
    456 words
  • 334 1  -  By FOO CHOY PENG, Hongkong Correspondent THE LATEST SALARY adjustments have made Singapore politicians among the most highly paid, Finance Minister Richard Hu said in Hongkong yesterday. The minister said rather than putting up the farce of keeping politicians' pay low
    334 words
  • 319 1 Reuter THE SUCCESSOR to Japanese Prime Minister Noboru Takeshita will be named this week, but the top candidate is insisting that former premier Yasuhiro Nakasone testify to Parliament on the Recruit scandal, a Takeshita aide said. "My understanding is that there will be a
    Reuter  -  319 words
  • 111 1 Reuter SOVIET leader Mikhail Gorbachev's historic visit to China next week will not end all differences between the two countries, the official Beijing Review magazine said yesterday. "The normalisation of Sino-Soviet relations should not mean that there will be no more contradictions or divergences between the
    Reuter  -  111 words
  • 445 1  -  By TAN KEE WEE SINGAPORE Island Country Club (SICC), arguably the most exclusive in town, is opening its doors to 100 new members at unusually low fees. The move is rather mystifying because the club had closed its
    445 words
  • 428 1  -  By QUAK HIANG WHAI IT USED to take pride in being "solid as a rock". These days, however. Oversea-Chinese Banking Corporation would rather be known for "setting new standards". And so, in keeping with its new image, the banking group
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  • 99 1 AFP SMALL and medium-scale South Korean firms may set up shop in an industrial park near Manila, a member of an investment group visiting Manila said yesterday. Mr Park Jung Keun of the Korean Trade Promotion Corp said the 10-member mission that had visited
    AFP  -  99 words
  • Page 1 Advertisements
    • 131 1 Nikon The World s Finest Photographic System. Regional mfcts, PAGE 14 What makes Jack's Place one of Singapore's favourite Restaurants It's not only our ambience, the friendly service and the affordable prices. It's because we serve our famous mouth-watering, tender, juicy steaks just the way you like it, everytime. Be
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    • 189 1 Editorial Comment: 8 Ensuring religious harmony Thai economy 8 New dimensions emerging The US 9 The myth of managed trade Australia 2 Growth forecast to slow from 1990 Nato 3 Warning over US troop presence Computer leasing 5 IBM enters the fray Technology 6 ALR spells success Theatre 11 Play
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    • 31 1 BT on Monday DID YOU receive your Business Times yesterday? If you are a subscriber of Business Times, and you did not receive your BT yesterday, please call Simon Loh (255-0011).
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    • 46 1 Nikon I The World s Finest Photographic System. Cartier »>• x tus. s f( o o AMERICAN TANK \er rnu/t* d? Cartier Boutiquer SINGAPORE #01 1 36/ Lucky Plaza, 304 Orchard Road Tel: *****27 #01 -04, The Shopping Gallery HWton International Singapore 581, Orchard Road Tel: *****95
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  • ASIA-PACIFIC
    • 286 2 Reuter ECONOMIC GROWTH in Australia is expected to slow from early 1990 as tight monetary conditions bite on investment and commodity prices tail off, the National Australia Bank Ltd said in a monthly report. The bank said indicators, particularly the inverse yield
      Reuter  -  286 words
    • 123 2 Reuter TOURISM has overtaken coal as Australia's second largest source of foreign revenue. Tourism Minister Graham Richardson said yesterday. Foreign visitors spent more than A 55.2 billion (US$4.l6 billion) in Australia in 1988, edging out coal exports, which brought in about Ass
      Reuter  -  123 words
    • 123 2 Reuter IRANIAN PRESIDENT Ali Khamenei will be hoping to wrap up several arms deals when he visits China and North Korea this week. Iranian sources said yesterday that Mr Khamenei would also take up a Chinese invitation to discuss further military cooperation. Western diplomats expect
      Reuter  -  123 words
    • 359 2 AFP UNEMPLOYMENT in China could hit 3.5 per cent this year, surpassing State Council (Cabinet) predictions, partly due to the governments austerity programme, it was reported yesterday. About 10 million people would be joining the workforce this year, the official China Daily newspaper
      AFP  -  359 words
    • 307 2 Reuter PRESIDENT Corazon Aquino and her military chief said newly-formed militias criticised by human rights groups for abuses had checked the spread of the communist insurgency in the Philippines. Mrs Aquino said in a radio interview on Sunday night that memberships in so-called Citizen
      Reuter  -  307 words
    • 260 2 Reuter PHILIPPINE President Corazon Aquino said yesterday that Asia had produced its own generation of "Oliver Twists" and that only by wiping out poverty could the region spare its young people the brutal life of the street. Speaking at the opening of a regional conference
      Reuter  -  260 words
  • Page 2 Advertisements
    • 46 2 i t* ii *£"*> mmmmk.: m 6A- fv*- rn- ft- \S~ Viscose linen double breasted jacket 1329 (Sizes: 44-50), pants $109 (Sizes: 28-36) and cotton long-sleeved, stnped shirt $55 (Sizes: S, M L). At Studio Classics (Studio 1) AT SCOTTS 10AM K>?M DAH.Y EXCIPT SUNDAYS Til *****33
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    • 43 2 Speria&sis in Fine Hund lrootted Carpets Wednesday. May 10.1989 Grand Ballroom Hflton International Singapore Viewing cocktails: 4pm 7pm Auction Sale: 7pm -830pm Auctioneers: Cheong Koon Seng (CKS) Auctioneers Valuers Pte Ltd ir:t FT^^\ I&a si; *21 .5* n at- £21 Msk WL W"'
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  • REST OF THE WORLD
    • 208 3 AFP MORE THAN 100 people were arrested in clashes with police in Leipzig on Sunday during a big demonstration for more democratic elections. East German Protestant Church sources said yesterday. The protest took place during voting in nationwide local elections, in which all candidates
      AFP  -  208 words
    • 337 3 NYT IN A DEVELOPMENT that appeared to reflect the growing military strains facing the Afghan government, the Soviet embassy announced on Sunday that a high-ranking Soviet military officer made a four-day visit to Kabul last week for talks with civilian and military leaders. The
      NYT  -  337 words
    • 339 3 UPI AN AVERAGE of 2.2 million people in the US are injured in violent crimes each year and the likelihood that a crime victim will be injured has increased slightly in recent years. A US Justice Department study, released on Sunday, showed that from
      UPI  -  339 words
    • 520 3 AP THE INTERVIEW went well, but before Alfonso Morris got his clerk's job at a Dallas convenience store, he had to spend an hour taking a test aimed at determining whether he's a liar, thief or substance abuser. It wasn't the first
      AP  -  520 words
    • 256 3 AP HERE ARE sample questions from integrity and substance-abuse tests, designed and marketed by Las Vegas-based LousigNont and Associates Inc.: Which type ot merchandise have you taken, without permission ot the owner, from a place where you have worked? (Mark only one.) a. Minor office
      AP  -  256 words
    • 513 3 Cheney: Slim chance US troops will protect Europe Reuter AMERICAN Defence Secretary Dick Cheney, entering a stormy debate that divides Nato allies, says he could not see a commitment of US troops to protect Europe unless they were backed by short-range nuclear weapons. President George
      Reuter  -  513 words
    • 244 3 Reuter THE SOVIET UNION is not trying to split Nato by persuading West Germany to push for negotiations on short-range nuclear missiles, Soviet Foreign Minister Eduard Shevardnadze said in an interview published on Sunday. "We have absolutely no intention of trying to drive a
      Reuter  -  244 words
  • Page 3 Advertisements
    • 75 3 Let your luggage carry your luggage. Retractable pull handle transforms suitcase into luggage cart (patent pending) 9 Retractable strap to strap on excess baggage Inside, a Wet Pack divider provides two compartments for organised packing Easy Carrier's extra height makes it an ideal size for packing most dothng. Two sturdy
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    • 189 3 AHOME NOT A HOTEL. There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or family
      189 words
  • Page 3 Miscellaneous
    • 51 3 Singapore OUTLOOK: Showers over several areas in the afternoon. Report for 24 hours prior fo 7.30pm on May 8 of t+ie airport: Mai temp 32.8 Assoc humidity 66 Min temp 25.6 Assoc humidity 95 Hrs ot sunshine 7.25 Rainfall in mm nil Rainfall this mth 85.8 Rainy days this mth
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    • 101 3 Doonesbury MR. PRESIDENT, IF YOU'RE SERIOUS ABOUT SETTING BACK INTO THE BUSINESS, YOU GCTTTA J MOVE NOW WHILE YOU'RE HOT, 1 HOT, HOT! A YEAR FROM NOW, r YOU MIGHT NOT BE ABLE TO GET ARRESTED! *2® GOSH... YOU THINK SO 7 H a ILP TRUST MB, SIR! LOOK, WHY
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  • COMMODITIES
    • 300 4 Reuter MALAYSIA'S Finance Ministry has taken majority control of loss-making steel firm Perwaja Trengganu Sdn Bhd, the company said in a statement over the weekend. Last December the ministry took a 51-per-cent stake previously held by state-owned Heavy Industries Corporation of
      Reuter  -  300 words
    • 740 4 Reuter BRAZIL'S coffee market ended last week in turmoil as the Brazilian Coffee Institute (IBC) fought court injunctions against its system of auctions for stamps used to regulate exports. The turmoil spread to New York, where prices eased as the market waited
      Reuter  -  740 words
    • 513 4 Reuter SPECULATION is growing that the Ivory Coast is planning to market its 1969/90 cocoa crop through the London trade. This would be a shift in policy from the 1988/89 year when the West African country, the world's largest producer, gave a
      Reuter  -  513 words
    • 98 4 SINGAPORE: Closed MALAYSIA: Closed TOKYO: RUBBER futures closed with losses of 1.1 to 2.4 yen per kg in quiet trading yesterday. dealers said. Disappointed selling was triggered after early losses despite the dollar's rise against the yen in the local currency market. Some short-covering pushed up prices from the
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    • 410 4 Reuter INDONESIA has raised its budget estimate for average crude oil prices during the current fiscal year but remains wary of expecting too much from its major export earner, Finance Minister Johannes Sumarlin said. Mr Sumarlin, in Beijing for an Asian Development Bank
      Reuter  -  410 words
    • 133 4 Reuter THE NEW ZEALAND Futures Exchange may introduce a wood futures contract, exchange marketing manager Lincoln Gould said. "The whole thing is very much at the conceptual stage," Mr Gould said. The contract would be run along similar lines to the government
      Reuter  -  133 words
    • 317 4 HONGKONG: Gold ended in line with the New York close in quiet and thin trade yesterday. Dealers said many investors believed that intervention on the US dollar would occur soon and the metal was expected to trade narrowly between US$377 and US$379 an ounce in New York. Bullion
      317 words
  • Page 4 Advertisements
    • 192 4 lilt AFTER 200 YEARS, YOU CAN FIT THE BEST OF AUSTRALIA ON A PLATE. Which, may we hasten to add, is no lean accomplishment. As we will demonstrate L" V from April 17 to May 14 ii!j]l]!!!llI!llilhi;-*» W. presents legs of lamb which would draw whistles in West Wyalong, along
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    • 9 4 Managers must manage. BT shows you how every Monday.
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    • 121 4 BIG SAVINGS WITH HONG LEONG FINANCE SINGAPORE FINANCE GOLDEN SNAKE NEW HOUSING LOAN PLAN For a limited period only. Hon# Leon* and Singapore Finance are offering: Fixed inter*** rate at 4 75% p.a. for the fltrtt 12 months <A% below Board Rate tor first time homeowner* Fnc legal fees up
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  • BANKING AND FINANCE
    • 1026 5 ARRIVALS Operator Service Local From number time JAl JL617 0340 TYO CAl CI333 0405 TPE SIA SQ409 0610 MAA SEY HM601 0700 SEZ MAS MH640 0820 Kill SVA SV398 0835 JED/RUH SIA SQ417 0845 0XB/KHI MAS MH653 0910 PEN MAS AAH630 0920 KUl ACA AC888 0925 YYZ/ION/BOM
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    • 512 5  -  By QUAK HIANG WHAI IN A MOVE that could pose a direct challenge to local finance companies, IBM Singapore has set up a separate operating unit to provide computer leasing and financing services to its customers. IBM Singapore Credit will provide leasing and credit
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    • 930 5 SINGAPORE: Closec KUALA LUMPUR: Closed JAKARTA: Closed HONGKONG: The US dollar eased against the mark on profit-taking while it remained strong against the yen at around 134.50 yesterday, dealers said. It eased slightly to 1.8965/75 marks from New York's Friday 1.8970/75 close and the 1.9000/05 open in Hongkong
      930 words
    • 234 5 IMM currencies finished lower last Friday after skidding earlier in the session when dealers shrugged off signs that the US economy had cooled last month. Several attempts to control the dollar rally by US central banks had no lasting impact as investors snapped up dollars and US dollar-denominated assets
      234 words
    • 740 5  -  by PAUL FRANKLAND HERE WE GO again with my alphabetic guide to insurance jargon. Today, we touch on the letter M\ Machinery. You may not have made yourself quite safe enough by insuring your machinery only against fire and the usual perils. Both machinery
      740 words
  • Page 5 Advertisements
    • 111 5 Call your Travel Agent or Air Qtruth at 7i2t555. A BREATH OF FRESH AIR The business person's choice every Tuesday, Thursday. Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning. Air Canada Become A More Effective Trader Attend Our Two Day Technical Analysis
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    • 217 5 MEET WITH SUCCESS AT THE MARINA MANDARIN ...Just a note to thank you ami all the naff at the Manna Mandarin for your assistance during the Stanford/\US Executive Programme. The programme was a successful one, thanks in part to the smooth functioning at the hotel in setting up meals, group
      217 words

  • TECHNOLOGY
    • 951 6  -  Computer maker ALR has found its heritage of East and West to be an important factor in its success. JEFFREY TSANG traces the rise of this upstart frcm start-up to a company with a turnover of US$lOO million. JEFFREY TSANG SINCE THE DAWN of
      951 words
    • 462 6 THE US Bush administration is preparing to propose a major relaxation of antitrust laws with the goal of permitting companies such as Motorola, AT&T and IBM to work together to produce high-technology equipment, beginning with high-definition television (HDTV) sets. That technology, which provides a sharper
      462 words
    • 594 6  -  i?@- -by JEFFREY TSANG I'VE NEVER LIKED CHESS. Somehow, the finer points of this game of the Gods, this test of intellectual prowess, this contest of strategy has always eluded me. Never winning a game, I've always chosen its simpler cousin,
      594 words
  • Page 6 Advertisements
    • 274 6 LfifihTlß SfDi r? Hillsfar *••»>-• v. W4 «■> '■St 4 i i *•>» t»»-» 4 V t N S *4hi^ -r M <■ jm i <\4 V ~*v. > £i #j» nwiiOiit* Ht At ns \di«»n *«Ur«ilunr I FIRST there was Dungeons and Dragons. Now, Strategic Simulations Inc has brought
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    • 208 6 LAND iAIR MULTI-MODAL SEA TRANSHIPMENT w/1 i /ASIA-PACIFIC FREIGHT 111 I CURRENCY TRADE I j TRANSPORT J I I HE event of 1989. An unrivalled showcase for multi-modal freight, transport and distribution in the Asia Pacific. Organised by: Vital topics include... The impact of 1992... Role of computers... Intra-Asian trade
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  • Page 7 Advertisements
    • 187 7 IT HAS BEEN SAID THAT ONE CAN T MAKE A MAJOR FINANCIAL DECISION BASED PURELY ON EMOTION. WE BEG TO DIFFER. W U: t: i r% M < A; < v **********1 /> .av~ m 1 i < 1 «N /> X ;>:>>:• MP m 5A -5 3 I N
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  • PERSPECTIVE
    • 506 8 IT SHOULD surprise none but the most naive that the government is considering legislation to maintain the near 40-year calm that Singapore's major religious populations have enjoyed since the Maria Hertogh riots in 1950 While Trade and Industry Minister Brigadier-General (Res) Lee Hsien Loong may have exercised
      506 words
    • 902 8  -  Prospects for a foreign company thinking of investing in Thailand are favourable, as peace at last seems to beckon in neighbouring Cambodia. ROGER MATTHEWS looks at Thailand's vision of its role as the regional hub for Indochina. ROGER MATTHEWS FT AFTER SITTING for an
      FT  -  902 words
    • 738 8 Reuter THE JAPANESE have struck gold in Indonesia by sitting in a lab in Tokyo gazing at pictures. Using advanced satellite technology called remote sensing, a group of Japanese scientist-prospectors recently discovered a major gold deposit on the remote Indonesian island of Lomblen, north
      Reuter  -  738 words
    • REGIONAL VIEWPOINTS
      • 315 8 MALAYSIA "THE national economy has fully recovered from the recent recession although the growth rate this year is expected to be slightly lower than the 8.1 per cent recorded last year (the highest rate of economic growth this decade). The task from now on is to
        315 words
      • 330 8 "THE SHARP appreciation of the yen has had an adverse impact on Malaysia's external debt, with the ringgit equivalent of yen-dominated debt rising sharply in the last three or so years and raising the debt level despite repayments of principal and interest. Prime Minister
        330 words
      • 394 8 HONGKONG "PRIME MINISTER Margaret Thatcher has been challenged to make a personal response to the call for nationality for 3.28 million Hongkong British passport holders. The Foreign Affairs Committee (FAC) has returned home with a clear idea of the strength of feeling in the territory on the
        394 words
      • 249 8 CHINA "THE CURRENT unrest in China has lasted surprisingly long, considering that the government has had its security forces on high alert and has forbidden local newspapers from covering the demonstrations. It is testimony to the students' longing for change that they have continued their
        249 words
    • 1003 9 Bilateral bullying is foolish The Economist AMERICA'S emerging trade policy will hurt Americans more than its intended victims. George Bush is under mounting pressure to look bold and decisive about something, and it looks as though trade policy will be the something. On April 28
      The Economist  -  1,003 words
    • 513 9 Reuter NAMIBIA'S minority whites have dusted off their passports but few are booking a passage out of the vast desert territory, waiting instead to see what independence will offer them. Despite the prospect of a black and possibly Marx-ist-leaning government, most are ready to
      Reuter  -  513 words
    • 555 9 The Economist IF CAMBODIA is truly to be Cambodia again. "My son Hun Sen" will have to offer "Father Sihanouk" even more than he did last week. Those familiar with Sihan-ouk-talk will recognise the tone. The leader of Cambodia's resistance to the regime that Vietnam imposed on
      The Economist  -  555 words
  • Page 8 Advertisements
    • 186 8 What legal options do you have if you cannot produce this document now The answer, quite simply, is none Bee «iuse «i< t ording to the Income Tax Ac t, records and doc uments must be produc ed in their original form when requested any time within 12 years But
      186 words
    • 70 8 SALE BY TENDER FREEHOLD INDUSTRIAL LAND TAGORE INDUSTRIAL ESTATE APPROVED DEVELOPMENT 5 units of 3-storey terraced warehouses V/ >/ Legal Description: Lot 1885 pt MK 20 Approx. Land Area: 5355 sm (57 641 sf) TENDI CLOSES AT 3.00 pm 17th MAY 1989 For tender documents please call sole marketing agent
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  • Page 8 Miscellaneous
    • 40 8 I IT'3 NO use. I CBN'T coffc. V£ i Rememßeß U>HGN I UJFVS P\ HomBLC T£P\ Boy RN>D RL-L I HRD TO DO tJRS mpy»<£ TMG STUFF RND CARRY IT ROUND FROTH DESK TO D£S< HAIC/ON DANS UJU> "7905 A
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  • Page 9 Advertisements
    • 99 9 per annum (24 mths period) 4.875% p.a. (18 mths period) 4.750% p.a. (12 mths period) It all adds up to a better deal from Great Pacific Finance. GREAT PACIFIC FINANCE O SUBSIOIABY Of DBS B»K« I#S Cecil Street #01-00 The Octagon Singapore 0106 Tel 224-#oB* 4M BaJestier Road Wl-26/27 Baiestier
      99 words
    • 239 9 LIFE GOES ONWITH LIVING ASSURANCE Ben Lim was climbing up the corporate ladder. But one day. Ben was told by his doctor he had to have a heart bypass. He could not grasp it at first. But Ben was not aione. Reports show that many of those struck down by
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  • LEISURE
    • Article, Illustration
      518 10 THE RUSHDIE SAGA The Economist ALTHOUGH it ran for barely a week, the play Iranian Nights, a collaboration by Howard Brenton and Tariq Ali, deserves more than a footnote in the Salman Rushdie saga. In the nervy and indifferent climate that has succeeded the noble outrage of February,
      The Economist  -  518 words
    • 353 10 LITERATURE AP THE WOULD-BE novels began badly and turned worse before their first sentences ended, laughable tributes to a once-pop-ular Victorian master of banality and gratuitous polysyllabic prose. Those were the winners of the Bth International Bulwer-Lyt-ton Fiction Contest, sponsored by the San
      AP  -  353 words
    • Article, Illustration
      548 11 PERSONALITIES The Economist AS CONDUCTOR-FOR-LIFE of the Berlin Philharmonic for the past 34 years. Herbert von Karajan butft up a reputation as a man of great practicality as well as immense power. The practicality surfaced in his letter of reeignatton, handed to West Berlin's new Social Democratic cultural
      The Economist  -  548 words
    • 597 11 ARTS SPONSORSHIP NYT THE DAYS of practically unlimited government subsidies for the arts are over in Margaret Thatcher's Britain, but Peter Palumbo, the new chairman of the Arts Council, sees no reason why creativity should be stifled or productions suffer if
      NYT  -  597 words
    • 314 11 MUSIC Reuter IN BRAZIL'S north-eastern state of Bahia. a vibrant group of musicians has created a new sound which is about to burst upon the world's popular music scene. "We're like the Beatles," Joao Jorge Santos Rodrigues. director of the Olodum Cultural Centre
      Reuter  -  314 words
  • Page 10 Advertisements
    • 329 10 Where to entertain... Where to entertain... Where to entertain... Where to ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANOTHER IS THE CHOICE OF MAIN COCRSKS. PALM For between $26+ and $40+ y° u can select from our appetiser VjKILL buffet including seafood, smoked
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    • 218 10 "Enjoys the Best of Two Worlds" r *1 r-\ A' ✓5 rZ-^ At Coffee Pot II < i'/A /-,//'<•/•/«•</ bL-tuK'i .l/ti/iiy. /•///<*.•«. hiiK'iii.'hin iiiu* II (■•Urn ,i/i.•!/!>■ iiiuKt ,<n,- iii't. rr,>iii t>nr,l-lti-Ciir/t- menu <///<' /'iillel.i. t/,'u ~m .•,mif>/,- ,1 <<//y«7i/ <>/ urn,.'. hunw A'/,,. A«//< <///«' f biwhi/i.'. C daily:
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    • 212 10 It's a small, small, small, small, small, small world' FROM HAWAII TO SINGAPORE WITH FOOD, ITALIAN STYLE CHEF PECARARO hawaii-based Italian chef Try the Pecararo Italian Hawaiian taste only from May 1, to May 14, 1989 PETE'S PLACE m DONATE LLO'S HWT REGOOr©SNGAPORE dsie6claM ——> SijiNae. /miTV "One-for-one" (on all
      212 words
    • 191 10 Yahoo! It's 1 US beef-on-the-wagooN month again, i May 2 31. Traditional roast beef with Yorkshire pudding and vegetables. Jtm $15+ Lunch or dinner. For reservations, OfO can 298 0011. ESjH Ti m 9 I L Favouritesgfc& May 1 to 21 Lunch Dinner Adult: $13.50'* Child: $9.00" Enjoy a superb
      191 words
    • 305 10 'hkUwte^m May 14, '89 Mandarin Ballroom m m JBi i* m h (kiA y ,V"C 111 Mother's Day Special Buffet Lunch Live entertainment The latest fashions from top boutiques 6 numbers by Production fc°° s e®* J D'Orient dance troupe \jtV e Songs dedicated to Mum Lucky Draw for Mum.
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  • Page 11 Advertisements
    • 189 11 entertain.,.. A ■J v a r So much to choose for only $21.50 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ..superb pastnes. truffles, tortes...cheese board, fresh fruit Jfreshly brewed coffee All for $21.50 And for $27.50 you can odd a roast
      189 words
  • Page 11 Miscellaneous
    • 615 11 mmmasD CRYPTIC PUZZLE ACROSS 1 Currency drain, maybe (5) 6 Lilac girl? (5) 9 Blow up a road? Not neceesarily (7) 10 Malpractice a sailor has to employ (5) 11 Let escape from the gallows! (5) 12 Prepare to whistle for one s money? (5) 13 Happen an act is
      615 words
    • 1300 11 TV and RADIO Classic cars OUR CHOICE THE ITALIAN JOB, 11.30pm, Ch 5 It might be a repeat but it's still worth another watch if only for the excellent car chase involving the three Mini Coopers through the sidewalks and sewers of Turin. Also worth it for flashes of those
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  • SPORTS
    • 440 12  -  CHESS By DEXTER LEE THE TUSSLE started with a pack of 12 each seeking glory. Now it's more like a four-cornered fight in this year's national chess championship. At the end of last Friday's sixth round, which signified the halfway mark, four contenders staked their claim to the
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    • 535 12 TENNIS AP TOP-SEEDED Ivan Lendl overpowered defending champion Andre Agassi 6-2, 6-3 on Sunday to reach the final of the Tournament of Champions in New York. Lendl will play unseeded Jaime Yzaga of Peru for the championship today. Yzaga beat eighth-seeded Michael Chang 6-4, 6-3 in the
      AP  -  535 words
    • 377 12 CYCLING AP DUTCHMAN Henk Lubberding won the 123-mile (197-km) New York to Lehigh Valley Road on Sunday, but Dag-Otto Lauritzen of Norway became the overall leader of the inaugural Tour de Trump cycling race. Lauritzen, the third overall leader in three days, placed second in the stage
      AP  -  377 words
    • 244 12 HOCKEY AP IN HIS FIRST public appearance since defecting from the Soviet hockey team, a defiant Alexander Mogilny said on Sunday that he went to the US to secure his future. "I have to think about the time when I no longer will be playing
      AP  -  244 words
    • 419 12  -  SNOOKER By CHARLES SAVAGE YOU VE PROBABLY never heard of Adrian Tan but he is one of the rising stars who will be playing in the inaugural King's Pocari Under-21 Open Snooker Championship 1989 on June 4. The 20-year-old commerce student has
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    • 516 12 GOLF AFP THE AMAZING Severiano Ballesteros lived up to his world number one billing when he beat rank outsider Denis Ournian to win the Grand Prix of Europe at St Pierre, Wales, on Sunday. "That was awesome," confessed 38-year-old Durnian after his 4 and 3
      AFP  -  516 words
    • 373 12 AP JODIE MUDD has shown that record and reputation don't count in sudden death playoffs. "You still have to play the shots, play the golf course," Mudd said on Sunday after he beat Larry Nelson on the first extra hole at the Byron
      AP  -  373 words
    • 326 12 MOTOR-RACING UPI EMERSON FITTIPALDI drove the fastest lap ever recorded on the opening weekend of Indianapolis 500 practice, reaching 221.347 mph (356 223 kph) on Sunday in preparation for the 73rd Indianapolis 500. Fittipaldi, driving a 1989 PC--18 Chevrolet, reached top speed in
      UPI  -  326 words
    • 420 12 BASKETBALL AP THE HOMECOURT ADVANTAGE didn't pan out for the Cleveland Cavaliers and Atlanta Hawks And both teams were eliminated from the National Basketball Association playoffs on Sunday At Richfield, Ohio. Michael Jordan drove past Craig Ehlo and hit a 15-foot jumper at the buzzer,
      AP  -  420 words

  • COMPANIES & STOCK MARKETS
    • 625 13 "imms mm™ By HOCK LOCK SIEW TIN HAS NEVER been a glamorous commodity. And the little lustre it had was lost in 1985 in the infamous tin debacle. Subsequently. the price collapsed, trading down in April 1986 to a low of M 513.99
      By HOCK LOCK SIEW  -  625 words
    • 508 13 MBT THREE broking firms have been given approval by the Malaysian ministry of trade and industry to set up representative offices in Kuala Lumpur. They are Morgan Grenfell Asia and Partners, GK Goh Securities and Hoare Govett. Officials of the
      MBT  -  508 words
    • 413 13 Bernama MALAYSIA'S scripless securities trading system (SSTS) may be implemented from next year. Bank Negara has proposed to implement the new system from Jan 1. Under the system, there will be no need to handle physical scrip, thereby reducing paperwork.
      Bernama  -  413 words
    • 174 13 Bernama DUNLOP ESTATES BHD. a member of the Multi-Pur-pose Holdings Bhd group, will invest Ms2o million to MS3O million in expansion and joint ventures in downstream activities in the next three years, said managing director Chee Kee Leong. Speaking to
      Bernama  -  174 words
    • 607 13  -  Funds to be used for extension of Gleneagles Hospital By MAGDALENE NG PARKWAY HOLDINGS LTD is raising $80 million from the market through a floating rate note (FRN) to be issued by whollyowned subsidiary Gleneagles Hospital Ltd. Gleneagles, which owns the Gleneagles Hospital
      607 words
    • 169 13 Bernama IJM ENGINEERING and Construction Bhd's group pre-tax profit declined by 54 per cent to Ms 3 51 million for calendar 1988 from M 57.61 million previously. This was despite a 29 per cent increase in turnover to Ms2o7 million. It said in a statement
      Bernama  -  169 words
    • 125 13 MBT WORLDWIDE Holdings Bhd (WHB), whose shares have been suspended from trading since 1976. said its earnings per share will rise to 9.45 sen upon the completion of the company's proposed restructuring scheme. In a statement issued last week in reply to queries
      MBT  -  125 words
    • 288 13 Bernama KESANG CORPORATION Bhd is likely to return to tin mining after a break of 18 years "It is a natural thing to do since the tin price looks attractive," the company's deputy executive chairman. Datuk Ramli Kushairi. told reporters recently.
      Bernama  -  288 words
    • REGIONAL MARKETS
      • 295 14 Loans of AsB9sm to Bond Corp group Reuter THE Adelaide Steamship Co Ltd (Adsteam) will consider legal action against Bell Resources Ltd following revelations that the company lent AsB9s million to Bond Corp Holdings Ltd's companies. Managing director John Spalvins told reporters in
        Reuter  -  295 words
      • 113 14 Reuter AUSTRALIA'S largest retailer. Coles Myer Ltd. said group sales for the third quarter ended April 30 rose 10.2 per cent to A 53.22 billion over the corresponding period a year earlier. Coles Myer said the quarter rise lifted sales for the nine months 14.1
        Reuter  -  113 words
      • 307 14 Reuter KERRY PACKER'S on-mar-ket A 5747 million takeover bid for Australian National Industries Ltd (ANI) through Consolidated Press Securities Ltd (Conpress) strongly undervalues the company, ANI chairman Howard Stack said in Sydney yesterday. In a statement commenting on a newspaper report that Packer's bid overvalued
        Reuter  -  307 words
      • 98 14 Reuter DAIWA SECURITIES Co Ltd will merge its five affiliates into two to rationalise the operations of its group firms, a Daiwa spokesman said yesterday. Daiwa Mortgage Co Ltd and Daiwa Credit Service Co Ltd will merge into a new firm, capitalised at 500 million yen
        Reuter  -  98 words
      • 632 14 Tokyo Reuter STRONG index-linked buying yesterday pushed the key Nikkei index to finish above 34,000 for the first time, marking its sixth straight record close and seventh straight rise. Pent-up buying demand was released on the first day of trade after five consecutive days of holiday. The
        Reuter  -  632 words
      • 543 14 Australia Reuter THE SYDNEY share market closed slightly higher yesterday on strong performances by News Corp and major bank stocks. By the close of floor trading, the All Ordinaries Index was up 1.7 points at 1.512.3 and off its low of 1,505.6 Brokers said investor interest in
        Reuter  -  543 words
      • 1292 14 Hongkong HONGKONG share prices closed slightly higher yesterday after posting sharp gains in the morning, as the market consolidated on last week's advances. The Hang Seng Index rose 5.68 to 3,268.54 while the Hongkong Index gained 4.33 points to 2,160.35. Turnover was HKS2.S billion, little changed
        1,292 words
      • 464 14 Reuter STRONG buying interest in export-oriented issues sparked a day-long rally on the Taiwan stock market yesterday, pushing the index to a sharply higher close. The weighted index gained 122.97 points to close at 8,480.11 compared with Saturday's 8.357.14 finish. Rises led (alls by 152 to 15.
        Reuter  -  464 words
      • 162 14 Reuter THE Securities Exchange of Thailand Index rose 6.22 points to 519.73 yesterday on turnover of 19,726,712 shares worth 1,499.57 million baht. MAY M ,AMT Ao Kham Thai 414 -a Ayudhya Investment 39 75 >2 Bangkok Agro-lnd 72 05 Bangkok Bank 267 unch Bank Ot Ayudhya 340
        Reuter  -  162 words
      • 107 14 Reuter PHILIPPINE SHARES closed mixed yesterday after profit-taking in mining issues offset gains among commercials and oils, brokers said. The Manila Stock Exchange composite index ended at a 19-month high of 1.046.27 points against 1,041.57 on Friday. Brokers said interest in the market remained firm on
        Reuter  -  107 words
      • 208 14 Reuter SEOUL STOCKS declined in light trading yesterday as institutional selling in the afternoon drove many individual investors to the sidelines, brokers said. The composite index dropped 4.48 points to close at 944.50. Turnover was a lethargic 230.8 billion won against 178.4 billion in Saturday's half-day session.
        Reuter  -  208 words
      • 132 14 Reuter THE NEW ZEALAND share market began the week on a soft note, with leaders slipping in mixed but quiet trading, brokers said. "Potential buyers have sat back and are letting the market settle." one broker said, adding that the market had made solid gains last
        Reuter  -  132 words
    • INTERNATIONAL COMPANY NEWS
      • 264 15 Reuter BRITISH HOTELS and catering group Trusthouse Forte pic (THF) has rejected as "inaccurate and highly damaging" a newspaper report that a £2.9-billion takeover bid for the group could come as early as this week. The Times reported that a consortium including Hongkong,
        Reuter  -  264 words
      • 687 15 NYT TENNECO INC was a favoured punching bag on Wall Street a year ago. branded as a lumbering conglomerate that was too tolerant of losses in an age of leaner, sharper competitors. The company answered with fireworks last October, auctioning
        NYT  -  687 words
      • 331 15 Reuter CHRYSLER CORP and Capital Cities/ABC agreed to a multiyear package valued above US$4O million covering television broadcast and sponsorship of the Kentucky Derby and other US Triple Crown horse races, racing officials said. Triple Crown president Thomas Meeker, chief executive
        Reuter  -  331 words
      • 540 15 Merger would create world's second-largest ad group NYT THE BITTER BATTLE between two of the world's leading marketing communications companies intensified over the weekend when the WPP Group pic, the British parent of advertising agency J Walter Thompson, raised its bid for
        NYT  -  540 words
      • 596 15 Reuter ALUMINIUM PRICES have retreated from last year's highs, but the major aluminium firms followed up their strong 1988 results with strong first quarters, and the gains are expected to continue. "I feel comfortable that second-quarter numbers for most of the producers would be as
        Reuter  -  596 words
      • 997 15 Reuter LONDON: Share prices opened weaker in quiet business yesterday as the market awaited April UK producer prices and final March retail sales data later in the day. At 0832 GMT. the FTSE index was 2.7 points down at 2,130.1. "There's a good deal of confusion at
        Reuter  -  997 words
  • Page 13 Advertisements
    • 92 13 This announcement appears as a matter of record only AG] PT ASTRA-GRAPHIA (Incorporated in the Republic of Indonesia A wholly owned subsidiary of PT Astra International Inc.) US 23,000,000 US Dollar Loan and Standby Letter of Credit Facility Agreement Issuing Bank Standard Chartered Bank Singapore, ACU Participating Banks Bank Rakyat
      92 words
    • 272 13 CURRENCY INVESTMENT AM IKK AN I XI'KI ss B\\k TEL: 321 3333 An Intensive And Comprehensive l Da\ Workshop On HOW TO FRANCHISE VOL R HI'SIM.SS I ii(k'rst;iii(lin<4 The Development, Marketing \nd Ma 11 aye 11 lent <)l I ranchised business And I rancliisiny S\stems Conducted By: MR LOU GURNICK
      272 words

  • Page 14 Advertisements
    • 302 14 NOTICES PANAG SINGAPORE (PRIVATE) LIMITED (In Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN THAT pursuant to Section 308 of the Companies Act, (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the offices of M/s L. C. Loong Co., 4
      302 words
    • 563 14 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF KA COMMUNICATIONS PTE. LTD. (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY 3IVEN that pursuant to Section 308 of the Companies Act, Chapter 50, a Final Meeting of the Members of Ka Communications
      563 words
    • 358 14 NOTICE NOTICE IS HEREBY GIVEN that, I NG TIAN LEE of Apt Blk 106, Towner Road #08-428, Singapore 1232, have applied for a Wholesale liquor shop licence in respect of premises at M/s Great Forest Florist Gift at Blk 8, Tronoh Road, #01-07 Singapore (1233), and that this application will
      358 words
    • 38 14 the book of ingredients Everything you need to know about fruits, vegetables, cheeses, sugars, chickeiij^pasta, sausages, coffee, fish, 1 spirits and herbs. Plus some of the best food photography ever assembled. Times The Bookshop Tim— PuhHaNng Group a
      38 words

  • Page 15 Advertisements
    • 108 15 FOR IMPORTERS AND EXPORTERS. m SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). The emphasis is on news that is likely to affect the Business Times reader. Covering the latest trends in the shipping markets, we also carry up-to-date news of
      108 words
    • 158 15 DAO HENG BANK LIMITED (Incorporated with Limited Liability in Hong Kong) USD 45,000,000 Floating Rate Negotiable Certificates of Deposit due 1993 In accordance with the provisions of the Certificates of Deposit, notice is hereby S'ven that for the six month interest period am Bth May 1989 to 9th November 1989,
      158 words

  • 420 16 Reactions to US threats of trade retaliation Reuter JAPAN should be able to state clearly by the end of the month if it can meet US demands for greater access to its telecommunications market, the Minister of International Trade and Industry said
    Reuter  -  420 words
  • 239 16 AFP SOUTH KOREA has nothing more to concede in its trade dispute with the US. Deputy Premier and Economic Planning Minister Cho Soon said on his return to Seoul from Washington. He told a press conference yesterday that South
    AFP  -  239 words
  • 307 16 Reuter A STRING of record-breaking jumps by the Taiwan dollar against the US dollar seems unlikely to save the island from US trade retaliation. Taiwan is bracing for what the China Times newspaper called the "Satanic 301 curse'' a reference to Section 301
    Reuter  -  307 words
  • 103 16 AFP MALAYSIA yesterday welcomed the progress made by Cambodian resistance leader Prince Norodom Sihanouk and Phnom Penh Premier Hun Sen at a meeting last week. Malaysian Foreign Minister Oatuk Abu Hassan Omar said that the meeting in Jakarta had given signs that a settlement to
    AFP  -  103 words
  • 174 16 FIRST DEPUTY Prime Minister Goh Chok Tong joined in the Hari Raya joy at the Marine Parade Community Centre yesterday and the occasion reminded him of how unique Singaporeans were in the way they celebrated festivals. Saying that Singapore had become one nation
    174 words
  • 166 16 Reuter THE CONTINUOUS printing of roubles to cover costs is doing' as much harm to the Soviet economy as any state enemy, Pravda said yesterday. Calling for an emergency economic programme, the Communist Party daily likened the minting of
    Reuter  -  166 words
  • 362 16 AFP THE KHMER ROUGE yesterday rejected any ceasefire in Cambodia before an overall settlement to the decade-long conflict was reached. Khmer Rouge leader Khieu Samphan, reacting to a proposal by Phnom Penh Prime Minister Hun Sen, told reporters in Samrong District, Cambodia, that
    AFP  -  362 words
  • 404 16 Reuter OPPOSITION presidential candidate Guillermo Endara called a protest march yesterday after both he and the government contender claimed victory in Panamanian elections marred by allegations of fraud. Mr Endara called on supporters to march through Panama City's financial district
    Reuter  -  404 words
  • 109 16 COMMUNITY DEVELOPMENT Minister Wong Kan Seng yesterday reminded Singaporeans of the need for maintaining a healthy birth rate at all times, and not only during auspicious years of the Chinese zodiac cycle. Unless this was done. Mr Wong said, economic progress would be hampered
    109 words
  • 143 16 Reuter MILITANT train drivers failed to cripple London's commuter services yesterday when unofficial strike calls were mostly ignored, union officials said. British Rail spokesmen reported 90 per cent service on its southern region and full service from the east of
    Reuter  -  143 words
  • 87 16 Reuter COMEX gold futures gained on early buying, stemming from short covering on the back of last Friday's slide to new 32month lows. In a subdued market, June gold rose US$l.5O at US$3BO.BO an ounce, rebounding from a pre-weekend low of U*****.00. Analysts said traders were i taking
    Reuter  -  87 words
  • LATE FILE
    • 74 16 Reuter THE US DOLLAR'S global role has shrunk steadily in the past five years and it now accounts for only just over half of lending by banks in industrialised countries. By contrast, the Japanese yen and the West German mark have grown strongly in importance and
      Reuter  -  74 words
    • 41 16 Reuter WEST GERMANY yesterday reported record exports in March. The Federal Statistics Office said that West Germany had exported goods worth U5529.18 billion in March, breaking the previous record set in December by U5526.5 million. Reuter
      Reuter  -  41 words
    • 64 16 AFP CHINA and Vietnam opened a second round of talks in Beijing yesterday on normalising relations, with the focus on Cambodia and a role for the Khmer Rouge after the Vietnamese troop withdrawal, a Vietnamese diplomat said. Vietnamese First ViceForeign Minister Dinh Nho Liem met
      AFP  -  64 words
    • 66 16 Reuter THE SOUTH KOREAN Defence Ministry yesterday announced plans to send military technicians and equipment into strike-bound defence factories, saying that labour disputes posed a threat to security. A ministry spokesman said that stoppages in the first four months of 1989 had caused delays of over a
      Reuter  -  66 words
    • 46 16 Reuter KIDNAPPERS yesterday released the 10-year-old daughter of a wealthy Hongkong businessman after failing in their bid for ransom. One man was arrested soon after Marissa Wong was found unharmed a few miles away from her home on the Gold Coast near Brisbane.
      Reuter  -  46 words
  • Page 16 Advertisements
    • 141 16 The myth of managed trade, PAGE 9 to mw Knight Frank Cheong Hock Chye Baillieu Unique Investment Opportunity! Lucky Plaza Prime Investment For Sale K S3 19,795 sq ft freehold retail space Located in Orchard Road, near MRT Station Jfcfl With established anchor tenants McDonald's, Watson's and Pertama Audio on
      141 words
    • 21 16 The silver report was not available at prass time fiiiiTSinrsgy tlira ik 1 p.-- y:' i m mm v <'y H*
      21 words

  • SHIPPING TIMES
    • PORTSIDES
      • 94 17 Reuter CF Airfreight has completed a merger with Emery Air Freight Corp, acquired last month, but the combined entity may not become profitable until 1991, the president of the air freight firm said. "We're not going to see an overnight turnaround," said Don Berger, president of Emery
        Reuter  -  94 words
      • 154 17 AP ABOUT 27,000 New Zealand lambs have been unloaded at the Port of Portland, where they will be quarantined for 30 days before shipment to feedlots in Denver, Colorado. The arrival at Terminal 4 of the lambs, 6 to 8 months old, marked
        AP  -  154 words
      • 87 17 A JAPANESE-OWNED helicopter crashed near a northern Chinese port, killing all 10 people aboard, including the Japanese pilot. The Bell-412 ter, owned by the Japanese firm Asahi Koyo, was on lease to a Chinese marine development company when it plummeted to the ground near Tianjins Xingang
        87 words
      • 109 17 AP ONE South Korean crewman died and two others were hospitalised after inhaling chemical gas aboard a Panamanian tanker at Shimotsu port in western Japan, the Japanese Maritime Safety Agency said. Atsushi Ohira of the agency, Japan's Coast Guard, identified the victim as deckhand Chon InSu, 39,
        AP  -  109 words
    • 142 17 OFFICIAL figures from the Port of Rotterdam show that 3.29 million TEUs were handled in 1988, compared with 2.81 million TEUs the previous year. Improved business with countries in the European hinterland boosted containerised throughput, and in terms of tonnage, boxed exports ad- vanced 14.7 per
      142 words
    • 815 17 ABC Containerize XI s Accord Shpg VIII 1/2 Arrow lines XI s ANl III i a A PC line VII 5 API V 3-5 ASCI V 1 Australia line vn > BaltCanoda line IX 4/5 Bolt Orient line IX 4/5 Baltic Orient Shpg XI 4 Bangladesh Shpg
      815 words
    • 420 17  -  By JOHN SPIERS THE PORT of Melbourne Authority (PMA) has postponed the introduction of higher charges to ship operators following threats by some lines to transfer ship calls to Sydney and rail cargo overland to Melbourne. The Australian car industry, which is substantially based
      420 words
    • 576 17  -  More Far East carriers starting to handle refrigerated cargo By VONNIE BISHOP THE BOOM in use of refrigerated containers last year seems to be accelerating, according to Mr Larry Sargent, director of Leasing Partners International, Dutch Antilles. Much of the growth, he said, was in
      576 words
    • 208 17 MR WILLIAM PACKARD, a well-known figure in international shipbroking circles, will deliver two papers on Shipping Pools and Maritime Arbitration on May 11 at a luncheon talk organised by the Institute of Chartered Shipbrokers (Singapore branch). With 27 years of
      208 words
    • 104 17 AP IRAN s Abadan oil refinery, once the world s largest, has resumed exports after an eight-year gap. The official Islamic Republic News Agency said a 10.000-ton shipment of fuel oil from the refinery left Bandar Mahshahr port, but did not say where
      AP  -  104 words
    • 691 18 WITH THE Iranian-Iraqi conflict over, the Gulf's shipping industry is reassessing its position. Trade has opened up again in the region. Yards and shipowners are enjoying the upturn in business and prospects are brighter. LLOYD'S MARITIME ASIA looks at the new developments. NOW THAT
      691 words
    • 518 18 Lloyd's Maritime Asia FLAG CARRIER National Shipping Company of Saudi Arabia (NSCSA) has finally come of age. After years of plodding a unique, if uninspiring, "figure-of-eight" service between North America, the Middle East and the Far East and back again with
      Lloyd's Maritime Asia  -  518 words
    • 2280 18 Who acts for whom A —B AB snipping Bousleed Shpg Agencies (S) ABBS Lin* S M S Pte Ltd (S)/Tunas Sena (PK/KL) ABC Containertine NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Lino (PK/PN) Ahrenktel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agency (S)/Muftiport Sdn
      2,280 words
    • 436 18 LLOYD'S of London Press has just released two publications, Modern Shipping Disasters (1963-1987) and Lloyd's War Losses. The Second World War Volume I. Modern Shipping Disasters 1963-1987, authored by Mr Norman Hooke and priced at £39.95, is billed as "a follow-up to Charles
      436 words
    • 207 18 AFP RATES remained firm over the past week on the world tanker market, with charterers' interest continuing, particularly for larger carriers, despite a shortened week in many countries. VLCC owners managed to obtain slightly higher rates in the Gulf States area, and smaller vessels managed to maintain rates,
      AFP  -  207 words
    • 267 19  -  By VONNIE BISHOP MORE THAN US$7O billion are lost each year across Europe by companies due to inefficiencies in the documentation and paperwork procedures associated with international trade, according to Mr Fred Metzgen, managing director of Edimatrix International in the United Kingdom. Sourcing
      267 words
    • 751 19 DRY CARGO freight chartering was much quieter on Friday, although the Baltic Freight Index rose six points to a new high of 1,693. The previous record was set on Thursday. Little new BFI-related activity was reported and the index was marked up mainly on recent firmer business, brokers
      751 words
    • 6473 26 AARHUS Axel Maersk. Maersk Line. May 11 Ever Given. Evergreen. May 11 Benalder. Triot. May 11(PK). La Seine. Triot. May 12 Norasia Al-Mansoorah, Norasia Line. May 13 Kang He. China Ocean Shpg. May 13 Ville de Mercure. CM 0 Attretement. May 15
      6,473 words
    • 1389 28 AT CONVENTIONAL WHARVES Naga Jaya Niaga 22 6/89 Sj7a PIA P4B 09 0700 09 2200 09 2300 10 0600 1 Vessel Voy Berth Arrival Departure Olympia Pioneer Sup 12/89 39A P5A 09 0700 09 0700 10 0600 10 2300 1 Keppet Wharves Sinfa ***** P2D 09 1900
      1,389 words
    • 274 28 UPI HUNDREDS of special police are riding China's railways in a bid to combat a dramatic increase in robberies aboard trains this year, many by organised gangs who boldly steal freight and mug passengers, a Chinese official magazine reported. The state-run Beijing
      UPI  -  274 words
    • 208 28 May 8-12 Economics Operations of Bunkering, to be held at the Omni Marco Polo Hotel. This course, conducted by the College of Petroleum*Studies, aims to provide an in-depth analysis of the international supply system for bunker oil and presents an insight into bunker oil pricing, planning and purchasing
      208 words
  • Page 17 Advertisements
    • 28 17 *°v^ ht, TIMES wis j I STP Distributors Times Puft*s#N»9 Croup Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      28 words
    • 236 17 f sec"' Mr Developments in Gulf shipping!NOW THAt a ceasefire between Iran and Iraq has been in place for around nine months, the Gulf's shipping industry has had time to reflect on how it can best gain from" the peace. PAGE II EDI greater significance MORE THAN US$7O billion aiie
      236 words

  • Page 18 Advertisements
    • 27 18 NOTICE ARE PLEASED TO ANNOUNCE THE APPOINTMENT OF SEA CONSORTIUM PTE LTD AS GENERAL AGENTS SINGAPORE/MALAYSIA/ INDONESIA FOR THEIR QUEENSLAND/SOUTH EAST ASIA, VICE VERSA MONTHLY LINER SERVICE
      27 words

  • Page 19 Advertisements
    • 882 19 lAHOINI SHIPPING ACINOUS 2QO Cantonment Ooad #12 06 Southpoml. S<»t*po>o 020» r«t 22iaou Tiuinio RS 2<i n TIRMINAI/CfS TH *****18 270 BOOKINGS ret *****14 2)5 Pt&AKA JARDINE SMIPfINC AMNCIIS SON MM) PORT HUANG TU ****** T«M. No MAJ94J7/IIA»*>1 PfNANC 111 (***** THIX NO MA4OO/3 CfS Til MMOt PCUOANG Tit *****2/3
      882 words
    • 986 19 MAERSK LINE DESTINATIONS "Port 'Penang Kalang This «m« Lwm M Clo*ing Tim# CY 15/5 2300 MRS CFS 15/5 1300 MRS Thw »»«»> L*is* M Closing Tim* CV 15/5 2300 MRS CfS 15/5 1300 MRS MARCHEN M 8906 m p, 10,5 LEISE M 8906 14 1//5 LOUIS M 8906 23/5 24/5
      986 words

  • Page 20 Advertisements
    • 630 20 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT BENALDER LA SEINE BENAVON TOKIO EXPRESS NIPPONCA OSAKA BAY TOLAGA BAY HEIDELBERG EXPRESS P KELANG SOUTHAMPTON 13/5 30/5 HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP LE HAVRE 6/6 J ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG, MALMO, HELSINKI. OSLO, AMSTERDAM. CARIBBEAN S
      630 words
    • 403 20 n COLUMBUS LINE REEDERE! GMBH A SERVICE 0? MAMBURG-SOD \r EXTOSS S£WKOWT*I€P SERVICE TC NORTHBOUND TO UKC S PORE ROM/A DAM HBG MULL (U K FORTHBANK V24N 17/5 IS/6 19/6 22/6 IVYBANK V-24N \2fi 11/7 I*7 WJ TAMAITAI SAMOA V-15N 15/7 11/t 16/8 20/8 •Al«0 Accepting FCL to Antw<fp/Br«nM/F*liittow*/Soutti«nptoivM(ut/CattMfikur| (ASIA-SOUTH
      403 words
    • 912 20 TO EUROPE REGULAR INDEPENDENT FULL CONTAINER SERVICE NOR ASIA AL-MANSOORAH VB9OB-3 10/5 JAPAN SEA 8909-3 16/5 NORASIA PEARL 8910-3 22/5 NORASIA PRINCESS 8911-3 1 6 (VIA FEEDER) PKI 11/5 17/5 23/5 2/6 «./v j/w if/ 31/ Sofb 1/7 1/7 Anter RiottertUm t0 Dwtinat,ons Copenhagen, Gothenburg) and other European Inland points.
      912 words

  • Page 21 Advertisements
    • 1173 21 Steamers Maritime Holdings Ltd w* P&O WvL^Cnnt Containers CONTAINER SERVICE TO UK/CONTINENT Also Accepting Cargo For: Haaburg to Coewtiufwi. Aarhw. Gothenburg. Hjtnw Stockholm. Helsinki Sonderburg Rotterdam to Antwerp. Amsterdam. Oslo. B»l«. Zurich Bfwunmvn to Brviwn Southampton to all UK fostirutwra. Boifast and OuMn |CONTAINERSHIP SERVICE FROM UK/CONTINENT OSAKA BAY NIPPONICA
      1,173 words
    • 1168 21 >m. pun VAMP I IMC IY PRtss INOEPtNIIENT TANu LINE FAR EAST/EUROPE FUUT CONTAINERISED SERVICE Also accepting for Inland UK destinations Antwerp and Scandinavian ports fMG FLOTA mercante grancolombiana. s. A s»i M 8 To Buenaventura/Barranquilla/Santa Marta Cartagena Cristobal/Santo Domingo Port Au Prince Pto Quetzal Acaiutla'San Lorenzo/Corinto Pto Caldera HANJIN
      1,168 words
    • 358 21 Hai Sun Hup Co (Pte) Ltd TEL: *****06 (20 Llnee) TLX R*****1 A R*****2 fc. KASTKKN CAK I.INKK I ll> STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT! VESSEL VOY. NO. Spore P. Kelang Penang TANJUNG PINANG 2 SEKI MATSUYAMA 78 Hong Kong Yokohama Nagoya Osaka Senboku 7/6 Moji
      358 words

  • Page 22 Advertisements
    • 577 22 HXSINOSE El MARITIME PTE LTD ISLAMIC RIPUBLIC OF I KAN SHIPPING LINCS IRANIAN SERVICE IRAN MEEAD PJLHI Singapore Loading for Sid BANDAR ABBAS UYOWM KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL KYOWA VIOLET V 25 KYOWA HIBISCUS V 37 LOAD FOR GUAM. SAIPAN. HRA. VILA. NMA. LTK, SVA. PAGO. APIA
      577 words
    • 782 22 HANJIN SHIPPING CO., LTD. KVt.LV CONTAtNERISED SERVICE CHOYANG PARK 002W HANJIN OAKLAND 002W CHOYANG SUCCESS OQ3W HANJIN TONGHAE OMW S par* L«Hj»rt R dam H burg B fjtowt 13/5 31/5 1* 2,6 4,-6 5/6 20/5 7/6 8/6 9/6 11/6 12/6 27/5 146 15,6 16/6 18 6 196 3,6 21it ?2li
      782 words
    • 244 22 FfiMNTEROCEAN i^UNE 78. 2nd Floor, Jatan 2/71, Tiirwn Tun Dr. Ismail. ***** KL. Tel: *****34, *****94, *****26 TLX. NO MA-***** FAX: 03-*****11 Penjng Off: Tol: *****7, *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS t*\ LIN LIN SHIPPING PTE. LTD. 1. Kagazme Road #05 08 Central Building S>ngapo<e 0104 Tel *****14
      244 words
    • 778 22 SS±tttfl±S3s£Utt EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GOVERN EVER GARDEN EVER GROWTH EVER GRAND EVER GREET EVER GOLDEN ALSO ACCEPTING CARGO TO PKL SCP HKG KSG KLC POS MKT OSK TYO BAL LNV ANN (DM ri* mm io*s IMB 14/b i»«s 2W tm 2W 2£ ***** 18/06
      778 words

  • Page 23 Advertisements
    • 834 23 FAR EAST r-Mi*iriu lIM I tnNAI lUNAL LINES PIL Building, 140 Cecil Street, "03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES VESSEL HAI GUANG MAJAPAHIT GOWA ACCEPTING MURURAN/TOMAKOMAI/HITACHI CARGO VIA HKG JAKARTA BANGKOK VESSEL SEA PEARL SEA HAWK SEA HAWK SEA HAWK SURABAYA/SEMARANG VESSEL KOTA MELATI KOTA MAWAR KOTA MAWAR KOTA
      834 words
    • 252 23 )&s NORBULK Kry' NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES 'O- UK CONTIN6N t POP'S OTHER services SPORE MARATHON UNITED AGENCY PTE LTD TEL: 222W66 KL/PK: S P. YEO SHPO ft TROO KL: 7*3*44 PK MMIOI SABAH TRANSPAC KK TEL: SMM/*****1 MOM Mat A AIM BREAKBULK SERVICE
      252 words
    • 316 23 I J& BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT o>aU Bay Sailod S<iM Ntppontcj SjiM Totap Bay Si. I*4 Sailed Hon«ki>nf Eiprtw Sailad Sailad M*«»*ibo'i lip SjiM Mont# Rovj Sailod Sailod tuui NU'u Salad Sailad limn Eiprnt U;5 IU l*p Bay 12/5 I3A "jiuga
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    • 578 23 1 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESUM LLOYD P.T. SAMUDCRA IWONESIA P.T. TRIKOM LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE SRIWIJAYA/26W8 S PANJANG/22 WB KUTAI/17WB ANTWERP H'BURG/ RDAM/ADAM BREMEN 5/7 9/7 20/7 24/7 30/7 4/8 Subject to lndoc*m«nt. Also accepting cargo to Casablanca, Port
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    • 417 23 BOUSTEAD SHIPPING AGENCIES PAGAN VI4IW HTONEYWA V247W PAAN VI3BW MYANIMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok 4/5 May 13/15 May 21/23 May A BANK UNE SEMI CONTAINER SERVICF HEAVY LIFT CAPABnTTY NORTHBOUND TO UKC SPORE ROAM HMBG HULL 17/5 15 19/6 22/6 IVYBANK
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  • Page 24 Advertisements
    • 939 24 NEPTUNE GARNET OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM Kline KAWASAKI KISLN KAISHA. LTD. N. AMERICA-ATLANTIC COAST •PK/PNG SGP NEPTUNE GARNET OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM FfEpER VESSEL NCPTUNE GARNET OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM •VM FM4*T FEEDER VESSEL NEPTUNE RUBY CHINA CONTAINER ACE CONCORD NEPTUNE TOPAZ N. AMERICA
      939 words
    • 555 24 j^zjcl r^um AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL7FCL Containers KALIDAS ¥.42 12 M TUISIDAS V 41 21 M KALIDAS V 43 TUISIDAS ¥.42 19 J. Trairsit time Singapore Melbourne P Kelang Perunj Loading tor: By Feeder By feeder frem Metb'Sfdn Adel 22 May 22 May Frem Mrtb Sydr Adel 27
      555 words
    • 554 24 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 73 Telo» Ajff Strttl SINGAPORE 0104 TEL S3ti*l (10 LINES) Fa. U43J04 STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Colombo; KaradM, Dubai GOLDEN HARVEST Colombo Karachi Dubai CHINA SERVICE BAI YUN SHAN Shanglui P Keiang Pen* CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC
      554 words
    • 561 24 p PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD £07-12 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 MDtNi EAST/FAR EAST FCL ft LCI I VESSEL lETA SINGAPORE IDESTINATION JEDOAH (LCI) WEEKLY AQABA. HODEIDAH m mm. J. E2 177 AFMCA/MBI. Fa A LCI SERVICE r. m I'
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  • Page 25 Advertisements
    • 1541 25 Vt?\m AGENCIES PIC. LTD. Booking* K lU/AUSI EXPORT FEEDER VSL N. Ivory 13N N Emerald ()9N N. Ivory 14N N. Emerald lON MOTHER VSL Y. Maru 10E O. Educator 71E O- Exporter 5E N. Amber 5E HOU NYK 7/6 10/6 14/6 17/6 21/6 24/6 28/6 1/7 14/6 15/6 21/6 22/6
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    • 1053 25 SJINSOV SINGAPORE SOVI ET SHIPPING CO PRIVATE LTD SINSOV BUILDING 5 5, Market Street Singapore 01.04 Tel: *****33 (15 Lines) Termin.il Office: Cable Address SINSC IV SINGAPORE Telex Numbers RS 21 380 RS ***** RS ***** PCNANC if KELANG MESSRS HAI THONC SHIPPING 127 Penan«Street. Penani Malaysia M/S HANDLING SYSTEM
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  • Page 26 Advertisements
    • 308 26 'SINGAPORE SHIPPING CORPORATION (PTE.) LVD. "ill m liiwnJ4 Uwi) FAX M*>M l')/774 M/tt ftl»X MS 2') WH A/H SSCMA. MS 7'Hrt'l A/ll vSCAI) 1 DSR-LINES r =n*ChVS6SnEEOEAE n:s^ INTEGRATED CONTAINER SERVICE MEMBER OF EA<$N SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND SIN ICA ANT H E. THAEi'-MANN 4,89 T.
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    • 95 26 nr.s.K. li WfcEKIY CONTAINERISED WITH fIXEO OA* ARRIVA, EXPORTS TO TAIWAN ft JAPAN Llii 'I HI WMMIIT 11 ■inil 1 HERMES ACE «1 HAKUSAN II VS CONTINENT W. m IMPORTS FROM JAPAN ft TAIWAN KABUKI V2l HERMES ACE 21 HAKUSAN II Vt CONTINENT V 22 KABUKI V 22 HERMES ACE
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    • 8 26 The complete Shipping List will be published tomorrow.
      8 words
  • Page 26 Miscellaneous
    • 158 26 1 Regional Weather m r A m Wi 'i m sH m i i .vSIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May 9, 1989 •c O A»o<j (kectton »ith speed m knots LEGEND f? Temperoture hunde-s Weather —Wm<J <kect»on with speed m I Sho-*. Q Roto Wave Cloudv Sfcv
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  • Page 27 Advertisements
    • 590 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 [QjIRAQI LINE r iMAc S'a'f «0» MAHIMM f EAST BOUND SERVICE MV SINDBAO ETA S PORE 15/5 LOADING FOR S. Korea, Japan THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD REEFER SPACE AVAILABLE UPTO
      590 words
    • 266 27 RICHFIEIO MARINE AGENCIES IS! PTE LTO ££3 Tgl ***** )3 MO urw» SCAX 225'1H TEIE* A3 1555 3 »'S*iP 3 one* *S? fn 3C «rr» m IPS LINE C ALCUTT A/KAR ACHI/CHTGONG/CBO REGULAR CONVENTIONAL UNER SERVICE I'tovt Ua*| tm CALCUTTA KARACHI man* <• to tm mmm i» FORTUNE FREIOKTCR V*l
      266 words
    • 715 27 SIGMA EXPRESS (S) PTE LTD TEL *****44 FAX *****75 ACCEPTING CARGOES FOR: BANGKOK BOMBAY COLOMBO HONGKONG MUARA/LABUAN/KK KUCHING/SIBU KOBE/NAGOYA YOKOHAMA LE HAVRE/HAMBURG FELIXSTOWE/R'DAM KEELUNG/KAOSHIUNG FREMANTLE SYDNEY/MELBOURNE LONG BEACH/LOS ANGELES NEW ZEALAND PORTS 12/5 1 1 /5 12/5 10/5 11/5 15/5 15/5 13/5 13/5 12/5 19/5 0/5 11/5 17/5 ALSO ACCEPTING
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    • 196 27 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE m i*s I*s I*s vn Vfi 2*5 n/s w 2*5 m *-M I*l VIETNAM RO/RO A LO/LO SERVICE (NOTE: CONTACT n DOOM TO DOOR/REEFER SERVICE AVAILABLE) RSONS MR ROMRT ON/ HOmyi MR JUUAN UM/ANWAR mWIOM NO. ;jj*wTl. 72*rn TELEX/FAX HOS. M
      196 words
    • 128 27 DESTINATION tv:? 1 <v PORT KELANC (Fa ONLY) KEELUNG, KAOHSIUNC JAKARTA (FCL ONLY) TOKYO. KOBE, BUSAN (FCL ONLY) KARACHI. BOMBAY, COLOMBO (FCL ONLY) ETA SINGAPORE JARU BMUM 35N I*s PIYA BHUM 175N 11/5 SIRI BHUM 411N 10/5 KITI BHUM 277N 10/5 KITI BHUM 27M 14/5 20/5, 15/5, 23/5, 30/5, (/I,
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  • Page 28 Advertisements
    • 116 28 ROCO CARRIERS NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES Liner services accepting FCL containers (GP and reefer) and breakbulk cargo for both north and southbound. Heavylift capacity upto 60 tons. Vessel S'pore Penang Lae T'ville Loading For "ANKE" VOO2SB 25-26/5 27-28/5 7/6 13/6 Lae, Townsville, Pt Moresby (via T'ville) "SAN JUAN" VOOISB
      116 words
    • 539 28 COLUMBUS LINE AUSTRALIA-? E SERVICE (WAF CP NO *****70C030R SOUTHBOUND VESSEL VOY YKH OSK HK SPORE FREM GTO« KAPITAN BABIYEVSKIY 4 Ski 11/5 16/5 21/5 »30/5 31/5 KAPITAN SILIIN 4 30-31/5 1-2/6 7/6 12/6 19 21/6 22/6 NORTHBOUND VESSEL VOY FREM GTON I SPORE IHK OSK YKH VESSEL VOY FREM
      539 words
    • 350 28 tW/ Mitsui O.S.K. Lines. JLtd EXPORTS TO PSW CONNECTING AT DOUBLE STACK TRAINS ETA mji arifi njri pPMDnn aaiEaEßcaiEaiEaicji EacacaratraFTiFrafTß Icnaa f,''i;',ii'i.;;iß~]o raacariiaijijitj I Li—mu r >i «'jmp HinFitTiFii^Tan EXPORTS TO OTHER I [USA/CANADA i" 11 aiEiaigio CONNECTING AT TO PNW CANADA EAST COAST I ALL WATER 1 I'.liM i'T^TTit
      350 words