The Business Times, 12 May 1989

Microfilm: NL16541
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, MAY 12, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    246 1 Dow up WALL STREET blue chips eased off their earlier peaks in morning trade yesterday. The Dow Jones Industrial Average was up five at 2380, below its high of 2385. Advances led losers by about three to two. Reuter Footsie down LONDON share prices were down slightly,
    246 words
  • Article, Illustration
    New post-Crash highs for S'pore and HK markets
    210 1 REGIONAL MARKETS firmed up yesterday with the Singapore and Hongkong markets closing at new post-Crash highs. The Straits Times Industrials Index rose 6.65 points to hit a post-Crash high of 1,287.32 due to strong buying of selected blue chip issues. The Business
    210 words
  • Article
    US dollar firms in Asian markets
    131 1 THE US DOLLAR ended firmer yesterday against major currencies in Asia's foreign exchanges after steady institutional buying arrested the downward momentum seen earlier. The greenback had fallen on profit-taking, prompted by comments from Bundesbank vice-president Helmut Schlesinger that a further fall in the West
    131 words
  • Article
    Mahathir makes stirring call for Malay unity through Umno
    501 1  -  By DAVID CHEW UMNO PRESIDENT and Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday told a mammoth rally of 100,000 people that those who believe and desire Malay unity cannot ignore the United Malays National Organisation because without Umno, such
    501 words
  • Article
    Joint $60m overseas investment fund scrapped
    378 1  -  By LILIAN ANG A S6O MILLION fund set up by two government-owned groups to help companies under their wings strike out overseas has been scrapped. Temasek Holdings and the then Singapore Technology Corporation (STC), which announced their intention to establish the fund in March
    378 words
  • Article, Illustration
    Singapore trade team seeks closer ties with Bush Administration
    388 1  -  By JEFFREY TSANG TRADE and Industry Minister Brigadier-General Lee Hsien Loong leaves today for a 10-day visit to the US. He will on this trip be seeking to forge closer ties with the Bush Administration, and will also be meeting executives
    388 words
  • Article
    Kamunting bids for 29pc stake in MPHB
    663 1  -  OFFER TO BUY ASSETS OF FAILED COOPERATIVE By AMY BALAN IN THE LATEST twist to the me-ga-bid for Multi-Purpose Holdings Bhd (MPHB). Kamunting Corporation has made an intriguing offer to buy the entire assets of failed cooperative Koperatif Serbaguna Malaysia (KSM). including a
    663 words
  • Article
    Lock icon Indonesia opens up industries for investment
    152 1 Reuter INDONESIA yesterday slashed the amount of money foreigners must stump up to invest in the country, and opened up previously restricted industries to new domestic and foreign capital. Saleh Afiff. chairman of the State Planning Board, said in Jakarta that minimum foreign investment
    Reuter  -  152 words
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      163 1 -lAIF N: 1 Nlo!<a|.c>>trnlwn r"T Full report, PAGE 18 Regional markets, PAGE 20 World markets, PAGE 21 FOREIGN CURRENCY IW/ESTMENT MADE EASIER FOR YOU. Z minimum > d ow you need only SSIO,OOO to invest in foreign currency at Citibank. And get an opportunity to earn high rates of interest.
      163 words
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      Page 1 Advertisements Column 2
      208 1 Editorial Comment: 12 EC single market 5 How landlords can help retailers US stands to gain. Congress told Airbus 13 Debt crisis 8 Clash over subsidy Call for tough domestic policies Du Font 2 Focus New plant raises value-added Close fight expected in Bentong Property 3 Advertising Stakes change hands
      208 words
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      11 1 Focus, PAGE 9 Perspective, PAGE 12 Umno's 43rd anniversary, BACK PAGE
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      Page 1 Advertisements Column 4
      378 1 A 24- PAGE Weekend Edition OUR 24-page Weekend Edition from tomorrow comes in two 12-page sections. The first section encompasses BT proper; the second, an expanded Executive Lifestyle, including two pages of Personal Investment, a new page called Executive Jobs, and more entertainment coverage with a weekend TV guide in
      378 words
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  • HOME NEWS
    • Article
      MEMO-PAD
      246 2 Seminars and courses May 6-27 Super-Selling Your Way NPB Training Rm Petemarketing *****00 to Success Services May 11-12 Managing Your Job RGA Training Roger Gill *****60 Centre Associates Pte ltd May 11-12 Successful Public Hawksmere ltd 5-*****5 Relations May 11-12 Managing the Sales Team Hilton Hotel MMS Consultancy *****33
      246 words
    • Article
      Change at all levels needed: Dr Seet
      174 2 TO MAKE science education interesting, intellectual and investigative, a change in the teaching of the subject has to be made at every level from the primary school right up to the university. Minister of State for Community Development and Education. Dr Seet Ai
      174 words
    • Article
      Du Pont expects big boost to value-added per worker
      465 2  -  Ground-breaking ceremony for new $50m Tuas plant By GENEVIEVE CUA DU PONT's new $50 million plant in Tuas promises a value-added per worker of about five times the chemical industry's average last year when it goes into operation in 1991. Value-added
      465 words
    • Article
      Another appeal to over-stayers
      86 2 THE Indian High Commission yesterday appealed again to its nationals and passport holders who have overstayed to register for repatriation before the May 19 deadline set by the Home Affairs ministry. The High Commission said a passenger ship had been chartered to transport registered overstayers home
      86 words
    • Article
      SMA knocks on China's door
      170 2 THE SINGAPORE Manufacturers' Association will hold its first overseas exhibition and in China to help local furniture makers gain a foothold there. The China International Furniture Show 89 in July is organised jointly with the China Ocean Aviation Corporation. The Hongkongbased Hypervast Developments. which has
      170 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      287 2 LAM MUN WAI has been appointed general manager of AA Travel Tours Pte Ltd. This is in addition to her present position as senior manager, marketing and services development, with the Automobile Association of Singapore. The Orchard Hotel has appointed ANGELINA NG MEI LIN as guest relations
      287 words
    • Article, Illustration
      Ong Beng Seng sells half share in Rubber House, Winchester House
      651 3  -  Kowa Real Estate buys stake in prime properties By MAGDALENE NG BUSINESSMAN Ong Beng Seng has agreed to sell half share in two prime properties Singapore Rubber House and Winchester House at Collyer Quay to Japanese group Kowa Real
      651 words
    • Article
      CPF interest rate up
      86 3 THE Central Provident Fund (CPF) interest rate for the period July 1 to Dec 31 will be adjusted from 3.10 per cent to 3.39 per cent. The new rate is an average of the 12-month deposit and savings rates of the four major local banks for
      86 words
    • Article
      Labour ministry starts mid-year survey today
      130 3 MORE THAN 120 officials from the Ministry of Labour will call on about 33.000 households starting today to gather information for the mid-year labour survey The interviewers will ask questions concerning race, sex, age. education, income, marital status, occupation. industry and employment status The
      130 words
    • Article
      Mission to Saudi Arabia a success
      233 3 THE SINGAPORE trade mission to Saudi Arabia was a big success, said the Singapore Trade Development Board in its latest issue of Tradespur. Ten Singapore companies representing a crosssection of computer hardware and software, computer training, and publishing industries secured orders worth $14 4
      233 words
    • Article
      Higher occupancy rates for properties last year
      563 3  -  By SUZANNE SOH THE DOUBLE-DIGIT economic growth Singapore experienced last year saw high occupancy rates for commercial and industrial properties. Driven by increased demand and tight supply, the country's warehousing, retail and office sectors saw one to 2 percentage point increases in occupancy
      563 words
    • Article
      Singapore voted top convention centre in Asia — for sixth year
      261 3 Singapore voted top convention centre in Asia for sixth year SINGAPORE has been voted the top convention destination in Asia for the sixth consecutive year by the Union des Associations Internationales (UAI). Worldwide, Singapore has remained among the top 10 convention centres a position it has held since 1983. The
      261 words
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      138 2 IK* TH E BURBERRY L 0 0 K jgp P¥ r 0 £i *7 «3£* V >. x <r"* fif >:•- ■*r t Of LON DON 2 Authorised Dealers: SINGAPORE: DAIMARU HALLEY'S DEPARTMENT STORE ISETAN Have lock; Orchard LE CLASSIQUE METRO GRAND Lucky Plaza NAN HEN LEATHER GOODS ROBINSONS SOGO
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      Page 2 Advertisements Column 2
      194 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day SQUARE D COMPANY NEWS RBIASE SQUARE D COMPANY AI\ID IDEC IZUMI CORPORATION OF JAPAN SIGN A MEMORANDUM OF UNDERSTANDING TO EXPLORE DUSINESS COOPERATION Palatine, Illinois, March 29, Square D Company, a worldwide leader in the application of electrical and electronic
      194 words
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  • Page 3 Advertisements
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      39 3 OLD, IVIODERN MASTERS IEXHIBITION AND SALEII iw s PAINTERS OF THE SCHOOL OF PARIS 10th 14th May 1989 10 am to 7 pm Lafite and Latour Rooms (Lobby Level) MERIDIEN SINGAPORE 100 Orchard Road, Singapore 0923. Co sponsored by
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      Page 3 Advertisements Column 2
      349 3 11l und.. pe the world s g HOW IT'S DONE: THE MIRACLE OF SOUND FIELD RECREATION Nothing you've ever heard- short of the real thing- can match the stunning performance of the DSP 100. When you close your eyes and activate the processor, you can literally feel the size and
      349 words
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  • ASIA – PACIFIC
    • Article
      Lock icon Call for new ways to tackle US-Japan trade friction
      433 4 Amex chief urges business-to-business dialogue AP GROWING IMPATIENCE among US lawmakers and businesses over difficulties in penetrating the Japanese market has created a need for new ways to resolve stubborn trade imbalances, according to a US trade expert. "The atmosphere in
      AP  -  433 words
    • Article
      Lock icon Tokyo to press for more imports
      97 4 Reuter JAPAN will continue efforts to boost overall imports, said Koichiro Aino, director general of the government's Economic Planning Agency. He told reporters at a news conference in Tokyo on Tuesday that imports had been increasing steadily, rising U5539.7 billion to US$l93 9 billion
      Reuter  -  97 words
    • Article
      Lock icon Kit Siang to ask Mahathir about arms deal
      116 4 AFP MALAYSIAN parliamentary opposition leader Lim Kit Siang has said he will ask Prime Minister Oatuk Seri Or Mahathir Mohamad to explain alleged irregularities in a multi-million-dollar arms deal with Britain. "I will ask (Or Mahathir) for a full briefing on the
      AFP  -  116 words
    • Article
      Lock icon Call to India
      53 4 Reuter A RESOLUTION urging India to reopen its borders with Nepal and negotiate with its neighbour was introduced in the US House of Representatives on Wednesday by five congressmen. India closed 13 of the 15 border crossings with Nepal on April 1, after treaties between the two
      Reuter  -  53 words
    • Article
      Lock icon Recruit scandal: former chief Cabinet secretary questioned
      315 4 AFP PROSECUTORS in Japan have questioned former chief Cabinet secretary Takao Fujinami on his alleged involvement in the Recruit shares-for-favours scandal, informed sources said. Mr Fujinami, 56, is the second politician to be questioned as a witness by the Tokyo Public Prosecutors' Office
      AFP  -  315 words
    • Article
      Lock icon HK adviser agrees to trade team's October visit to Soviet Union
      277 4 AFP HONGKONG'S political adviser has agreed in principle for a locally-based trade organisation to visit the Soviet Union in October, a trade group spokesman said on Wednesday. Senior manager of the trade division of the Hongkong General Chamber of
      AFP  -  277 words
    • Article
      Lock icon S-E Asia urged to help Viet refugees
      196 4 AFP A SENATE PANEL has called on South-east Asian nations to resume providing refuge for Vietnamese seeking asylum. On Wednesday, a House of Representatives panel also urged Vietnam to speed up the emigration to the US of thousands of people sent to so-called
      AFP  -  196 words
    • Article
      Lock icon Record legal Viet refugees enter US
      94 4 AFP SOME 14.489 Vietnamese left their country legally for resettlement in the US between October 1. 1988. and April 30. 1989. the US Embassy in Bangkok said on Wednesday The embassy said the figure of 14,489 was a record for a fiscal year, which
      AFP  -  94 words
    • Article
      Lock icon Reforms cannot be rushed: Zhao
      158 4 AFP POLITICAL REFORM is important for China, but it must be achieved "steadily", Chinese Communist Party general secretary Zhao Ziyang said on Wednesday. "Many difficulties that have cropped up in the course of economic reform cannot possibly be overcome without political reform," he told a
      AFP  -  158 words
    • Article
      Lock icon Poll shows fear for safety
      89 4 AFP MORE THAN ONE in three Chinese no longer feel safe when they go out on the streets. Out of 15,000 respondents nationwide. 38.4 per cent said they no longer "felt safe" when they walk in urban areas, according to the poll conducted by China's
      AFP  -  89 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    909 4 ARRIVALS Operator S«rvk« Local From number tlm« SIA SQ191 1200 PEN CIA GA902 1210 POG SIA SQ069 1210 IKK TRY MI819 1220 HKT RJA RJ182 122S AMM MAS MH64I 1230 KCH SAB SN287 1250 8RU/BOM/8KK SIA SOOOI 1250 SFO/HNl/HKG SIA SQ015 1250 lAX/HNt/TPC MAS MH642 1250 KUl
    909 words
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      Page 4 Advertisements Column 1
      64 4 19 BRUNO MAGLI i 0* ••v SPRING IS BRUNO MAGLI Boutiques: Centre|x>int #01 10 Tel 717 4509 Forum Calleria #0146 Tel 732 8961 Of>en Daily trom 10 00am lo 8 00pm Corners: Metro Orchard Metro Grand. Lucky PI a/a Metro Paragon Also Available at: KUALA LUMPUR: Celeste leather, Yow Chuan
      64 words
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      Page 4 Advertisements Column 2
      172 4 The business person's choice every Tuesday, Thursday Saturday and Suadxv I Changi Airport at 22:05 boun and arriviag at Lester B. Pearson International Airpart die fofcwim day. Call your Tnvel Agent or Air Cimdi if *****55. A BREATH OF FRESH AIR ia_fo \o 3 a llruvri -for* /w>cU. ty/c ca*V
      172 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      86 4 Singapore OUTLOOK: Showers over several areas In the afternoon Report for 24 hours prior to 7.30pm on May 11 at ihe oirport: Max tamp 31.3 Assoc humidity.. 74 Min tamp 24.9 Assoc hum1dHy........... M Hrs of sunshine 5 80 Rainfall In mm trace Rainfall this mPi 94.3 Rainy days this
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  • REST OF THE WORLD
    • Article
      Lock icon United Nations owed US$800m in budget dues
      211 5 Reuter THE United Nations is owed nearly US$BOO million in regular budget dues, including nearly US$5OO million by the United States, according to figures published on Wednesday. The 159-member organisation is owed more than US$453 million in assessed contributions for 1989 and more
      Reuter  -  211 words
    • Article
      Lock icon No reprieve for poor countries, says Unctad
      348 5 AFP MOST OF THE WORLD'S 42 least developed countries (LDCs) continue to face a bleak outlook, with only a small proportion of their inhabitants having achieved any increase in their standard of living in the present decade, according to a United Nations report.
      AFP  -  348 words
    • Article
      Lock icon US angers Japan, EC over patent cases
      380 5 FT THE US aroused the ire of Japan as well as of the European Community on Wednesday when it blocked for the fourth time running in the Council of the General Agreement on Tariffs and Trade (Gatt) the adoption of a ruling against
      FT  -  380 words
    • Article
      Lock icon Namibian ruling system abolished
      266 5 AP NAMIBIA'S ethnically-based system of government was abolished yesterday in preparation for November elections leading to independence for the South African-controlled territory. Administrator-General Louis Pienaar, appointed by the South African President to govern the territory until independence, issued the proclamation transferring executive and legislative powers at
      AP  -  266 words
    • Article
      Lock icon US stands to gain from EC 1992, Senate told
      385 5 Protectionism unlikely, says US Trade Representative Reuter AP AMERICAN companies should benefit from the easing of trade barriers within Europe by 1992 if there is no protectionism towards non-European nations. US Trade Representative Carla Hills said on Wednesday. "American companies in
      Reuter; AP  -  385 words
    • Article
      Lock icon Gear up for Europe after 1992: survey
      216 5 UPI THE LEADING MANAGERS of corporate America believe it is incumbent on US businesses to prepare now for the increased competitive threat from the single market in Europe after 1992, a survey said on Wednesday. The survey of 872 executives, conducted by the
      UPI  -  216 words
  • Page 5 Advertisements
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      182 5 SOVEREIGN V it n ii, V> THERE IS LITTLE WE CAN ADD. It is the true measure of a car's completeness when it is seen to combine engineering innovation, with a specification that has few peers. The Jaguar Sovereign is itself engineered to an exacting stan dard. The blend of
      182 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      39 5 RSALU* H&.Hea'NOOFF&iSe, WHAT MRS R, BUT I7HJNK FUN! IUZ'RB LOOKING AT MORS MAYBS OF A PARYL HANNAH ICOUU> OR D&RA UIINSFR-TiPS 05WRi srrwnoN' BY GARRY TRUDEAU I m V 1 3 r, mm tm RMVVs 'i R v, 1
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  • MONEY AND EXCHANGES
    • Article
      Government Securities Market
      112 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****H 10.08.89 4.18 4.13 4.15 4.11, 6 months BS*****N 27.08.89 4.13 4.08 4.11 4.07 1 year BY*****H 23.11.89 4.14 4.09 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      112 words
    • Article
      Forex markets
      1544 6 SINGAPORE: Bundesbank Vice-Presi-dent, Schlesinger's remarks that further OEM depreciation was totally counter-productive and warning of overheating in the West German economy, did only temporary damage to the US$ as it recovered in Asia dramatically. Corporate buying catalysed a rise from the day's opening lows of OEM 1.9003/ Yen
      1,544 words
    • Article
      Money markets
      63 6 THE OVERNIGHT RATE on the Singapore money market fell by 1/8 point to close at 5 1/4 per cent yesterday. One-month rate dropped by 1/16 while two- and threemonth rates were unchanged. S$ Interbank rates at the close yesterday; ft* i ;/< i i/8 5 4 5 l/s
      63 words
    • Article
      Lock icon Simex
      464 6 BA Futures JUNE Eurodollar futures opened at the day s high but unchanged from previous Simex close at 90.10. Prices continued to ease at a low of 90.07 on uncertainty over the demand for the US Treasury's final leg sale of 30-year bonds. The June contract finally managed to
      BA Futures  -  464 words
    • Article
      IMM
      295 6 IMM currency futures finished quiet with late trading mostly higher on Wednesday but well below daily highs. Prices firmed slightly near the close after profit-tak-ing cut hefty gains scored on remarks by a Bundesbank official. Helmut Schlesinger, Bundesbank deputy vice president. said at midday a further fall in the
      295 words
    • Article, Illustration
      World interest rates
      198 6 Indicates the average of the prime lending rate* of 12 major banks In S'pore r Interbank market rates (offer/bid) on May 11 us$ DM SWFC Yon 7 day* 7/0 3/4 13 13/16 11/16 6 3/16 1/16 7 3/16 1/16 4 7/16 5/16 mUt 15/16 13/16 ia 3/4
      198 words
    • Article
      Options
      1272 6 CURRENCY FUTURES OPTIONS Thursday, May 1 1989 DEUTSCHEMARK (SIMEX) Jin M cm High Low Ha Son Jwn 66 pMli Htoh Law SI 10 S3 3S S3 86 S4 9 163 SS 2 56 CAB Sap 88 ci Mtflh Low S#n S«p M puts Hksh Lorn S3 78 S3 124
      1,272 words
    • Article
      Lock icon Young rejects Delors committee report on monetary union
      366 7 FT LORD YOUNG, the British Trade and Industry Secretary, has underlined a growing conviction at Westminster that Prime Minister Margaret Thatcher is determined to resist pressure within the Cabinet to take sterling into the European Monetary System. In a speech to the
      FT  -  366 words
    • Article
      Lock icon Caution on rouble's convertibility
      106 7 Reuter THE SOVIET rouble should be convertible but should not be floated until the economy is strong enough to take the consequences, the Communist Party daily Pravda said on Wednesday. "The convertibility of the rouble is a necessary condition for the integration of our economy into
      Reuter  -  106 words
    • Article
      Lock icon Sumita: Tokyo will intervene if inflation worsens
      309 7 AFP THE CENTRAL bank will take comprehensive measures against inflation if pressure on prices worsens in Japan, the bank's governor Satoshi Sumita said on Wednesday. "We need to keep a close watch on price moves as inflationary pressure is increasing," the Bank of
      AFP  -  309 words
    • Article
      Asian dollar market
      288 7 Asian dollar deposit rates ended at their opening levels in quiet trade yesterday, with operators awaiting the outcome of the US auction of US$9.5O billion of 30-year bonds and US April retail sales data, dealers said. The market is also looking to today's US April producer price
      288 words
    • Article
      Comex gold/silver futures
      171 7 Gold futures on May 10 1989 too troy ounces, USS per troy ounce Opan High Low Sattla Mo, 378.70 378.70 378.70 377.70 -1.10 Jun M 380.70 381.20 378.20 379.00 -1.30 381.00 -1.30 Aug 385.00 385.20 382.60 382.90 -1.50 Oct 389.00 389.30 387.00 387.30 1.60 Oac 393. JO
      171 words
    • Article
      Lock icon Taiwan may back debt plan
      519 7 Washington sees role for Taipei in strategy FT TAIWAN may use some of its large foreign exchange reserves to support the US-inspired strategy to reduce the borrowings of the most heavily indebted Third World countries. Mr David Mulford, US Treasury Under-Secretary for International Affairs, told
      FT  -  519 words
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      Page 6 Advertisements Column 1
      66 6 IMMEDIATE NOTICE OF IMPORTANT PUBLIC AUCTION LIQUIDATION OF STOCK Certified extremely high value hand-knotted PERSIAN and ORIENTAL CARPETS, RUGS RUNNERS Date: Sunday. 14th May 1989. Viewing from 10.30 am onwards. Auction starts I.oopm sharp. Venue: Le MERIDIEN Singapour, Level 3, MARGAUX I. 100, Orchard Road. [ANDSEER \ITK AI.WI. iV I'Kon
      66 words
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      136 7 v. -> *v. X f i v J, ~^-r■■■;■ > 'i&fthi a -s •>? -A" -> S >■ v /f////// z J JPJJJJJI T It ri r TO I r-r \mx f* rf' rrrTFT, 1 II v I i < < <#- w i.- t, J 'v ■$®«y /Sal i&SBr
      136 words
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  • BANKING AND FINANCE
    • Article, Illustration
      IMF calls on debtor nations to beef up local economic policies
      497 8  -  Vital to boost domestic savings By QUAK HIANG WHAI THE INTERNATIONAL Monetary Fund has urged debtor countries to put their own house in order by beefing up their domestic economic policies in order to resolve their debt problems. In
      497 words
    • Article
      Lock icon Best banking growth
      149 8 AFP THAILAND, Taiwan and Japan are the top three Asian countries expected to achieve the best banking growth in the years to come, according to findings of an independent survey released on Wednesday. The three, in that order, were chosen for "expectations of continued economic growth in
      AFP  -  149 words
    • Article
      Lock icon Thai pledge to ensure stability of baht
      190 8 Reuter THAI Finance Minister Pramual Sabhavasu has said he will maintain the government's fiscal and monetary discipline to promote the long-standing stability of the baht. Mr Pramual told reporters in Bangkok on Wednesday that the government was determined to continue Thailand's policy of
      Reuter  -  190 words
    • Article
      Lock icon Rate increase expected
      85 8 Reuters AN INCREASE in the Bank of Japan's discount rate will come as no surprise because the market has already discounted one. Neal Soss, chief economist at First Boston Corp told reporters. He said minor adjustments in interest rates by member nations of the Group of Seven
      Reuters  -  85 words
    • Article, Illustration
      Lock icon Meeting of G-7 officials not expected to produce any major results
      567 8 Reuter NO SIGNIFICANT RESULTS are likely to emerge from a meeting in New York next week between deputy finance ministers of the Group of Seven nations and international bankers, banking sources say. "That may be a nice meeting, but
      Reuter  -  567 words
    • Article
      Lock icon Japan matches UK as banking centre despite slow global lending growth
      503 8 Reuteir JAPAN'S share of international banking rivalled that of Britain last year, as the country raised its status as a banking centre despite a global slump in lending growth, the Bank of England says. Japan increased its share of
      Reuteir  -  503 words
    • Article
      Lock icon Rift between two key US Congressmen may have beneficial side effects
      762 8 NYT ON THE US Congress's 51-mem-ber House Banking Committee, everyone is buzzing about it privately. few are willing to discuss it openly and the consensus is that it may be the best thing that has happened to the panel
      NYT  -  762 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      145 8 Discover what Royal treatment is like, with Thai. The name Royal Executive Class did not come about by chance. Instead it is a reflection of Thai's belief in treating our passengers like royalty. From the moment you enter our new REC lounge at Don Muang Airport, Bangkok, the royal' treatment
      145 words
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  • COMMODITIES
    • Article
      Rubber
      384 9 SINGAPORE: RUBBER PRICES closed sharply lower yesterday with June 1 RSS buyer quoted at 190.50 cents a kg, down 5 50 cents from Wednesday s close Prices tell in the morning and moved in a narrow range in quiet afternoon trading in the absence of fresh incentives On the
      384 words
    • Article
      SSR and SMR
      79 9 (cent!/kg) JUNE 1989 JULY 1989 (current month) (forward month) RAS NOON Buyer! Seller! NOON Buyer! Seller! SSR 20 169.50 171.50N 169.50 171.SON SSR 50 167.00 169.00N 167.00 I69.00N MRELB Buyer! Seller! Buyeri Seller! SMR CV 268.50 270.50N 270.50 272.50N SMR I 269.50 271.50N 271.50 273.50N SMR 5
      79 words
    • Article
      RAS and MRELB
      279 9 RAS prices In S cents/kg. FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 196.00 197.00N 193.00 194.00N Int 1 RSS June 89 193 50 I94.50N 190.50 191.SON Int 1 RSS July 193.00 194.00N 190.00 191.00N Int 2 RSS OP 189 50 191.
      279 words
    • Article
      KL Tin
      175 9 The Kuala Lumpur Tin Market price closed 14 cents higher at 28.00 ringgit a kg yesterday, reversing Wednesday's easier trend, brokers said. There was scattered support from Europe and locally, noted and dealer. But dealers said the price would not hold as the premium over the European spot
      175 words
    • Article
      London Markets
      280 9 London Commodity Exchange Buyer/Seller closing prices on May 10 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London May 1340/1350 (1360/1360) High/Low 1 360/1330 July 1148/1146 (1148/1148) High/Low 1166/1144 Sales (5300) Cocoa May 689/690 (697/696) High/Low 697/689 July 710/711 (714/712) High/Low
      280 words
    • Article
      Wheat
      86 9 CHICAGO Boad of Trade soft red s?Her settled 1/2 cent to 1-1/2 cents firmer in calm action ahead of Thursday's USDA winter wheat crop report The trade expects a US Winter wheat crop total of 1.6 billion bushels to influ- ence prices negatively while a figure near the 1.4
      86 words
    • Article
      Produce Prices
      198 9 Chinese Produce Closing prices on May 1 1 Exchange Coconut Oil (MS/100kg) Sellers' noon closing prices on New drums 155.40 May 11 (SS/100 kg) 2nd hand drums 149 00 Coconut oil 103.00 Bulk Local in bulk 1 40.00 1 37.00 Bulk FOB Old drum FOB 113.00 Copra (M$/100kg)
      198 words
    • Article
      Lock icon Crude Oil and Products
      174 9 Telerate THE FUEL OIL market in Singapore continued in light trading since the beginning of this week, prices have softened by $3-4 MT to settle at its current levels. Buyers were heard at $94 MT for CATIBO with sellers around $96 MT CIF/FOB Sing. An independent
      Telerate  -  174 words
    • Article
      Soybean
      83 9 Spot May soybean futures nearly doubled midday losses to close eight cents lower, and most contracts rested on session lows at the end of quiet dealings July closed at US$7 48-1/2 a bushel, down 4-3/4 cent, while distant July one cent lower Professional selling pushed soyoil futures through commission
      83 words
    • Article
      Precious Metals
      392 9 HONGKONG: Gold closed slightly firmer in quiet and thin two-way trading yesterday with light demand from Taiwan, Australian and Japanese investors, dealers said Bullion ended at US$377 00/50 an ounce against an initial 377.20/70 and New York's close of US$376 75/377.25. On the local market, gold fell HK$lO
      392 words
    • Article
      Oil and Products
      521 10 MALAYSIAN CRUDE PALM OIL FUTURES reversed Wednesday's trend, closing lower in continued active trading on profit-taking and lack of follow through buying support. Dealers said operators liquidated positions ahead of Palm Oil Registration and Licensing Authority's (Porta) report due out on Monday, despite talk of lower palm
      521 words
    • Article
      Lock icon 'Tin slag in Penang poses radiation hazard'
      129 10 Bernama A UNIVERSITI Sains Malaysia (USM) physics professor has said that the large deposits of tin slag in Penang could prove to be a radiation hazard. Professor Chong Chon Sing told Bernama that tin slag had radiative substances like thorium and uranium, and
      Bernama  -  129 words
    • Article, Illustration
      Lock icon American grain market open to all buyers: Yeutter
      292 10 UPI THE US grain market is open to all buyers, US Agriculture Secretary Clayton Yeutter said, rejecting as "just ludicrous" arguments that fewer subsidised wheat sales would create a de facto embargo. The issue was raised on Wednesday by representative Harold Volkmer,
      UPI  -  292 words
    • Article
      Lock icon Stocks of aluminium fall in western world
      165 10 AFP THE WESTERN worlds stocks of aluminium in all forms, including scrap, fell by 43,000 tonnes in March, the International Primary Aluminium Institute (IPAI) said in London on Wednesday. Stocks fell from a revised total of 3.192,000 tonnes in February to 3,149,000 tonnes
      AFP  -  165 words
    • Article
      Lock icon CME official raps US futures regulators
      376 10 Reuter A SENIOR EXECUTIVE with the Chicago Mercantile Exchange (CME) criticised US futures regulators on Wednesday, saying they were making it more difficult for the exchange to compete with foreign markets Mr Leo Melamed. chairman of the CME's executive committee, said no new futures
      Reuter  -  376 words
    • Article
      Lock icon Nymex to implement recommendations to increase trading surveillance
      666 10 UPI THE New York Mercantile Exchange has agreed to implement task force recommendations for increased surveillance of controversial trading practices already under government investigation. We are committed to implementing the recommendations," Nymex president Rosemary McFadden said in a telephone interview on Wednesday.
      UPI  -  666 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      244 9 W\ w' A ,p MULTI-MODAL I FREIGHT TRANSHIPMENT I I I I I I CURRENCY 992 TRADE /FLUCTUATION I I I I I ASIA-PACIFIC TRANSPORT I TRANSHIPMENT 1992 I HE event of 1989. An unrivalled showcase for multi-modal freight transport and distribution in the Asia Pacific. Organised by: Vital topics
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      92 9 *<**& Hie Sichuan experience with the Meisan difference --va* Y «I Savour the finest Sichuan aromatic, spicy gourmet creations in an exciting blend of flavours. And discover the exquisite art of true enjoyment. At the Meisan. MEISAN 'J2SJ SZECHUAN RESTAURANT Distinctively Sichiuin, instnictiwh Meivm cm /IN Royal Svvrv Singapore Bass
      92 words
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      200 10 Moving money? Depend on us for accuracy and speed New from the International Corporate Center: Money Mover Transferring funds is a daily routine for your company. But are you moving money as quickly as you could be? Or as reliably? If not, you could be missing out on valuable profit
      200 words
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  • FOCUS
    • Article, Illustration
      The man who could be minister
      315 11 THE selection of Datuk Lim Ah Lek to represent the Malaysian Chinese Association in the Bentong parliamentary by-election may have caused some unhappiness among party members in Bentong. who understandably want a local candidate, preferebly a Kwongsai, the majority dialect group among the Bentong
      315 words
    • Article, Illustration
      Very close fight expected for Bentong 'trophy'
      1626 11  -  The Malaysian Chinese Association and the Democratic Action Party are vying for the support of Bentong's 40,252 voters in a parliamentary by-election tomorrow to choose a successor to the late Datuk Chan Siang Sun, who served the Pahang constituency for 30 years. DAVID
      1,626 words
    • Article, Illustration
      Will it be Third time lucky for DAP man?
      326 11 WHEN the ballot boxes for the Bentong parliamentary by-election are opened tomorrow night, and the votes are counted, probably the most anxious person will be Lip Tuck Chee. the opposition Democratic Action Party candidate What Mr Lip, the Pahang DAP chairman,
      326 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      115 11 With aerodynamic lines and a low drag coefficient, little wonder it's way ahead of its time. One may liken the new Samsonite Focus Attache to a sports car Its streamlined grip, smooth curves and sturdy magnesium frame make for superb handling. And eye-catching futuristic looks. Its scratch resistant shell is
      115 words
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      Page 11 Advertisements Column 2
      234 11 K;': V. •V, New York Property in Singapore! j/ jKpap^ mmm 9 A 1 GREAT NECK PLAZA A timely purchase in the New York Market. An excellent opportunity for capital appreciation. KRAUS- A full service company looks after your purchase We rent, manage, maintain and resell on your behalf. Only
      234 words
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  • PERSPECTIVE
    • Article
      How landlords can help retailers
      553 12 j THEE RETAIL TRADE has been enjoying a decid- ed shift upwards in sales Invariably, as leases came up for renewal over the past year, landlords have asked for higher rents The increasing rents could be interpreted as an opportunistic attempt by business-minded landlords to
      553 words
    • Article, Illustration
      Mahathir gathers up his party
      1100 12  -  After a three-month absence from Malaysian politics because of a heart operation, Prime Minister Datuk Seri Dr Mahathir Mohamad is once again firmly back in control. As Dr Mahathir's Umno celebrates the founding of the original party in 1946, SEAH CHIANG NEE, writing for BT
      1,100 words
    • Article, Illustration
      Tengku Razaleigh changes tack
      1150 12 THE FORMER trade and industry minister Tengku Razaleigh Hamzah is a very changed man these days. After being blocked at every turn by his arch-rival Dr Mahathir, the bachelor prince is taking to a new strategy. He no longer talks of beating Dr Mahathir in a
      1,150 words
    • Article, Illustration
      Lock icon The Airbus subsidy clash
      966 13  -  WILLIAM DULLFORCE gives the background to the US-EC air war which has broken out in Gatt WILLIAM DULLFORCE FT THE EUROPEAN COMMUNITY has vigorously rejected a US complaint that the West German government s violating the General Agreement on Tariffs and Trade by subsidising Daimler Benz
      FT  -  966 words
    • Article, Illustration
      Lock icon South Africa's government sketches vision of future
      722 13 Reuter SOUTH AFRICA'S government has sketched a new vision of the future a federation ir which all races would be represented n one parliament and people could reuse to be classed by race. But the proposals, which were outlined to parlament this month
      Reuter  -  722 words
    • Article
      Lock icon Limited options
      347 13 BUSH'S FOREIGN POLICY CRISIS IN PANAMA AFP THE SITUATION in Panama has created the first major foreign policy crisis for President George Bush who, like his predecessor Ronald Reagan, has a limited set of options in his drive to oust strongman Manuel Antonio Noriega. The US was officially
      AFP  -  347 words
  • Page 12 Advertisements
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      110 12 SINGAPORE Cjt-« JC23TK3I Women who ha arrived A tOO* MM/| H <*+<>• m i mim w foist »n +*T* ve 11 $4 MAY 1989 NOW AT NEWSSTANDS itroenßX. The New Look Jiist Arrived. k i wsm&s "Vii r y The car that will take you into the 90's CITROEN S3
      110 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      41 12 mStC^Fiai&l&cfcezfi L f i UKeTo see. for r fcu) -sccomds voo'Re Mo* i comeeveßy FRIDRV] mou RGRCHING UKC PI F\T REACG you seen to Be hanging J out For vouf? \THe ROUND pry/ Pe.sic \UJRGE. rACKBT. J u 'i >v f-i+-
      41 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      671 13 PROFESSIONAL! EXCLUSIVE! MPH! It's Professional Bcx>ks Month at MPH. With Singapore's widest range of the latest books on business, management, personal advancement, marketing and computers. Specially imported and exclusive to MPH! And with every advertised book you buy, you get a chance to win fantastic prizes Crass Desk Sets; leatherbound
      671 words
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  • LEISURE
    • Article, Illustration
      Lock icon San Francisco uses golf to lure Japanese
      491 14 TOURISM NYT IN A DETERMINED pitch to bolster his city's tourism industry, San Francisco mayor Art Agnos is playing host to a lavish reception for dozens of Japanese travel industry executives to advertise an increasingly popular selling point: golf. Agnos, who will hold
      NYT  -  491 words
    • Article
      Secrets in a riverside town
      289 14 CINEMA MUDDY RIVER Singapore Film Society Goethe-lnstitut Today, 6.30pm and 9.00pm Reviewed by NG PENG HUI HAILED BY critics as a milestone in modern Japanese cinema, director Kohei Oguri's Muddy River garnered an Oscar nomination for best foreign picture in 1982. Set in Osaka in
      289 words
    • Article, Illustration
      Lock icon The selling power of fame
      553 15 ADVERTISEMENTS The Economist BRANDS SELL. Although ordinary colas may taste as good, soft-drinkers thirst after Coke or Pepsi. Although those running shoes may look the part, they walk off the shelf at half the pace of a pair of Nike trainers. But creating new brands,
      The Economist  -  553 words
    • Article, Illustration
      Lock icon Quiet days on the French Riviera for Graham Greene
      861 15 AUTHORS Reuter NEARLY every morning around 11 o'clock a tall, slightly stooping, elderly man stops to buy an English newspaper from a tiny shop nestled under the 17th-cen-tury wall in Antibes on the French Riviera. He slowly crosses the narrow street
      Reuter  -  861 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1077 14 A Where to entertain... Where tv entertain... Where tv entertain... Where tv THERE'S MORI: TOOI JR PEKING DUCK THAN JUST SKIN. i~njoy ine crisp, ueieciable slcin as the first course. And a second course of tender ducL: 1 meat served tno way you want. I I wo delightful courses I'or
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      Page 14 Advertisements Column 2
      170 14 May 14, '89 m m m Twfi H/ \tskl Mother's Day Special Buffet Lutrh Live entertainment y The latest fashions from top txwtiques f u Special numbers by Production D'Orient dance troupe L e Songs dedicated to Mum i,i—^• Lucky Draw for Mum. Win a beautiful jewellery set. National home
      170 words
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  • Page 15 Advertisements
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      249 15 The Singapore Buffet. You've tried everything from schnitzel to escargots Now it's time to come home to the inimitable style of good home-cooked Singapore food The Singapore Buffet has all your local favourites From the fire of Malay and Indian curries to exotic Chinese delicacies ana colourful Peranakan cooking There's
      249 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      654 15 CRYPTIC PUZZLE ACROSS 4 Story about wine? (6) 7 Underground source of nuts (4, 4) 8 Elastic ban (6) 10 Constellation or tiny particle (5) 13 A drifter not left behind (4) 14 Charge for the damage (4) 15 Bad money 7 (4) 16 Edible item maybe bolted (3) 17
      654 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1371 15 TV and RADIO W ft 11 A' l■ ■S 1 l > r .m M.. Dyan Cannon (laft), Jamas Coco and JannHar O'Nail in Such Good Friend• OUR CHOICE SUCH GOOD FRIENDS, 10.30pm, Channel 5 A young executive falls into a coma while in hospital in this pretty old movie,
      1,371 words
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  • SPORTS
    • Article, Illustration
      Lock icon Sabatini breezes past Golarsa
      381 16 TENNIS AP TOP-SEEDED Gabriela Sabatini. blasting her heavy top-spin shots with precision, opened defence of her Italian Open title on Wednesday with an easy 6-2, 6-2 victory over Laura Golarsa of Italy. Sabatini. an Argentine ranked No 3 in the world, settled down after a slow
      AP  -  381 words
    • Article, Illustration
      Lock icon Pistons beat Bucks
      284 16 BASKETBALL AP BILL LAIMBEER scored six of his 19 points in the final minute and the Detroit Pistons held Milwaukee to 11 points in the fourth period to beat the Bucks 85-80 in the first game of their sec-ond-round playoff series on Wednesday night Ricky Pierce, who
      AP  -  284 words
    • Article
      Lock icon Belgian wins second stage
      184 16 CYCLING AP BELGIUM s Eric Vanderaerden became the first twostage winner of the Tour de Trump cycling event on Wednesday, outsprinting Davis Phinney of the US in an uphill finish to claim the 107.2-mile (172 5-km) Front Royal to Charlottesville fifth-stage road race Vanderaerden. 27, who
      AP  -  184 words
    • Article
      Lock icon Graham's bad habit
      177 16 BOXING AFP HEROL GRAHAM s habit of wrestling in the boxing ring handed the vacant World Boxing Association middleweight title to Jamaican Mike McCallum in London on Wednesday night. The 29-year-old British champion had a point deducted in the eighth round for swinging McCallum round and that
      AFP  -  177 words
    • Article
      Lock icon Tyson to defend title against Williams
      165 16 UPI HEAVYWEIGHT champion Mike Tyson will defend his title against Carl "The Truth" Williams on July 21 in Atlantic City, New Jersey. The bout will be televised by HBO A spokesman for Trump Plaza Hotel and Casino said on Wednesday that the casino had
      UPI  -  165 words
  • Page 16 Advertisements
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      316 16 SIEMENS $>'V* •v y> £•>:'* m* 3$ m I k. '$&£*•*■< .-'x -I I ??*A &m? ~m > << ■V [\xC-ft >c >*: mm*. gjy.J BgS &&V ?v ■i •v a y% -> > v f. w*;*' V X <;<>■ ;i£|§ v lipf t •JlB6s&v i S-> < :V si.
      316 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon THE PERFECT MATCH
      513 17 mm mm^ HOCK LOCK SIEW THE METRO-SEIBU tie-up is causing Singapore's retailing community to frown a little harder and with just cause. Seibu is widely acknowledged as the most progressive and innovative retail chain in Japan. Even as early as 1985, its department store in Tsukuba started
      HOCK LOCK SIEW  -  513 words
    • Article, Illustration
      Malaya Tin in unique restructuring scheme
      665 17  -  By WILLIAM CHIA MALAYA TIN Printing Co is another step closer to the finishing post with its unique restructuring scheme following shareholders' approval at an extraordinary general meeting yesterday. Under the scheme, proposed in July last year, a new company known as Pacific Can
      665 words
    • Article
      EIE buys out Bond's interest in Bond Centre
      466 17  -  By FOO CHOY PENG Hongkong Correspondent JAPANESE tycoon Harunori Takahashi, said to be eyeing the Goodwood Park group of hotels in Singapore, has again hit the headlines with a deal to buy over Alan Bond's share in a prestigious office building in
      466 words
    • Article
      UEL to expand and diversify following turnaround
      612 17  -  By KEVIN GWEE AFTER CAPPING A SUCCESSFUL management and business policy revamp with a turnaround last year, United Engineers Ltd (UEL) is now looking at expanding and diversifying its activities. For a start, the group is planning to: develop its 3.3 hectare land
      612 words
    • SES
      • Article, Illustration
        Singapore market firms on selective blue-chip buying
        974 18  -  by HERMAN PHUA BENEFITING from the buying interest in selected blue-chip counters, the local market rose yesterday to a new post-Crash high. The Straits Times Industrials Index gained 6.65 points to 1,287.32 while the Business Times Composite Index rose a marginal 0.59 point
        974 words
      • Article
        Unit trusts
        358 18 Managers' prices for May 12 Singapore Unit Trust The Commerce 1.15 1.22 The Savings fund 0.99 105 S'pore Prog fund 0.45 0.49 Spore Sec fund 0.76 0.81 S'pore invert fund 0.80 045 S pore Equity fund 054 058 OCBC-SIMBL Investment Savers Capitol fund 0.98 102 Sovers Trust fund
        358 words
      • Article
        COMPANY MEETINGS
        71 18 GANOA HOLDINGS BHD: 20th AGM at Wisma Central Jalan Ampang. 10th Floor. ***** Kuala Lumpur, today at 10.00 am. HARIMAU INVESTMENTS LTD: 16th AGM at 65 Chulia Street #19-00, Conference Room, OCBC Centre, Singapore 0104, on Monday May 15 at noon. KRAMAT TIN DREDGING BHD: 60th AGM at
        71 words
    • Article
      SES SHARE INFORMATION
      6094 18 1989 High Low Tel Cod* Company Last Sal* MAY 11 orVol (•000) Day High Low Last Quota Buyer Sailer Gr's Dtv Dtv Cvr Gr's rid Net P/E M Cap Smll DEBENTURES, BONDS, LOANS 284 45% 87% 66 71% 79 79 86 86 71 90 84 72 10%
      6,094 words
    • KLSE
      • Article, Illustration
        Lock icon Block deals boost prices
        3627 19 NST THANKS TO a number of block deals, total turnover (excluding direct business) achieved a record high of 69.583 million shares valued at M 5106.322 million on the Kuala Lumpur stock market yesterday. Attention was centred on Kamunting Corp. which was the most active stock of
        NST  -  3,627 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Stocks close higher
        572 20 Tokyo Reuter SHARE PRICES in Tokyo closed firmer yesterday after wandering directionlessly through the day in extremely light, narrow trade. Investors found few incentives to come in and buy as fresh news was lacking and uncertainty remained over whether Japan will see a discount rate rise, brokers
        Reuter  -  572 words
      • Article, Illustration
        Lock icon Sharply higher
        453 20 Australia Reuter STRONG SUPPORT for Australian stocks in London overnight, combined with Wall Street's gain, led shares sharply higher by the end of floor trading yesterday, brokers said. They said the market was also fuelled by the June share price index futures contract, which closed five points higher
        Reuter  -  453 words
      • Article, Illustration
        Another post-crash high
        1390 20 Hongkong THE HANG SENG Index closed at a post-crash high yesterday after a day of uncertain, see-saw trade. The index rose 4.12 points to 3.285.10, narrowly outstripping Wednesday's post-crash record of 3.280 98 "The market is continuing its pattern of opening weaker in the morning in low
        1,390 words
      • Article
        Lock icon Taipei: Broadly lower
        448 20 Reuter TAIWAN share prices finished broadly lower yesterday as investor skittishness grew following interest rate hikes by four major banking institutions. dealers said. The weighted index, which had bobbed close to the 8.500 mark in early trading, dropped 107.93 points or 1.27 per cent at the close
        Reuter  -  448 words
      • Article
        Lock icon New Zealand: Mixed close
        155 20 Reuter THE NEW ZEALAND share market ended a mixed and quiet session virtually flat yesterday and brokers forecast dull trading today. The Barclays Index eased 2.58 points to 1.978.52. Brokers said Lion Nathan fell 21 cents to NZ53.24. "People viewed it (their profit) rather dimly," one
        Reuter  -  155 words
      • Article
        Lock icon Manila: 19-month high
        92 20 Reuter BUYING OF blue chips and bargain-hunting in secondary stocks pushed the Manila stock exchange composite index to a 19month high yesterday. The index rose 17.48 points to 1.061 49 with combined volume on the two exchanges rising to 2.45 billion shares. Analysts said investors positioned themselves
        Reuter  -  92 words
      • Article
        Lock icon Bangkok: Profit-taking
        237 20 Reuter THAI STOCKS closed lower for the third consecutive day after late heavy profit-taking eclipsed early gains. The SET Index ended 2.01 points lower at 513.20 in active trade with losers leading winners 58 to 41. Turnover was 18,114,585 shares worth 1,339.31 million baht. Most actively traded were
        Reuter  -  237 words
      • Article
        Lock icon Seoul: Market retreats
        180 20 Reuter THE SEOUL stock market retreated in continued weak trading yesterday as institutions sold on anxiety over short money supply, brokers said. The composite stock index was down 5.27 points near the close to 945 82. Turnover was sluggish at 202.8 billion won against 206.7 billion on
        Reuter  -  180 words
      • Article
        Lock icon Bombay: Shares tumble
        96 20 Reuter BOMBAY share prices were undermined by fears of high contango charges yesterday, finishing sharply lower for the second day. brokers said. They said contango charges were expected to be fixed today for business done in the three weeks ending yesterday at over 50 per cent, against
        Reuter  -  96 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Eight-day losing streak ends
        831 21 New York Reuter WALL STREET stocks ended on a firm note on Wednesday, snapping an eight-day losing streak. Analysts said the market was long due for a rebound. but noted the advance was not compelling. Investors have shied away from stocks amid conflicting reports on the
        Reuter  -  831 words
      • Article, Illustration
        Lock icon Mixed, with firmer bias
        975 21 London Reuter LONDON SHARE PRICES were mixed with a firmer bias in early business yesterday, with dealers expecting a quiet day in the absence of fresh UK economic data. Traders said some impetus may be gained from corporate results. At 0936 GMT, the FTSE index was
        Reuter  -  975 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1745 21 Reuter MILAN: Italian shares slipped lower in late morning trading, but demand continued for Montedison ahead of an anticipated cabinet decree granting it a tax-break on its Enimont chemical venture, dealers said. The MIB index was 0.1 per cent lower, with most major blue chips including Fiat,
        Reuter  -  1,745 words
      • Article
        Lock icon Minorco has one week to complete takeover deal
        385 21 UPI CONSOLIDATED GOLD FIELDS withdrawal of a US court action against a £3.5 billion hostile takeover bid allows bidder Minorco only one week to complete the deal, a Gold Fields source said on Wednesday. Gold Fields withdrawal on Tuesday followed a London
        UPI  -  385 words
      • Article
        Lock icon Amway offers US$2b for Avon
        323 21 Hostile takeover bid NYT IN A WIDELY-EXPECTED hostile takeover bid from one directselling merchandiser to another, the Amway Corp has offered to buy Avon Products Inc for US$39 a share or nearly US$2 billion in cash. James Preston, Avon's chairman, said on Wednesday, in a
        NYT  -  323 words
      • Article
        Lock icon British Airways faces delays in Boeing deliveries
        295 21 Reuter BRITISH AIRWAYS PLC (BA) has said it is facing delays in deliveries of 16 Boeing 747-400s. but declined to say whether it is seeking compensation for late delivery which Boeing has promised customers. "The delays are running at between three and four
        Reuter  -  295 words
      • Article
        Lock icon London's Hamleys toy shop sold
        279 21 Reuter HAMLEYS, the British toy shop which has enchanted children for more than two centuries, has been sold and its new owners plan to expand operations to the US and Japan. British conglomerate Lowndes Queensway pic said on Wednesday it had agreed to sell the
        Reuter  -  279 words
      • Article
        Lock icon Problems in BAA's profit quest
        328 21 Reuter BRITISH Airport Authority pic is the world's most profitable airport authority, but share analysts believe its transition to a profitseeking monopoly after 1987's privatisation may have brought problems. The Office of Fair Trading (OFT) has confirmed it is considering referring BAA to the Monopolies
        Reuter  -  328 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      442 17 TIGER BALM LIMITED A member of the Haw Par Group (Incorporated in the Republic of Singapore) Notice of Meeting Notice is hereby given that the First Annual General Meeting of the Company will be held in the Board Room of United Overseas Bank Ltd, 30th Floor, (JOB Building, No. I
      442 words
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      Page 17 Advertisements Column 2
      574 17 CURRENCY INVESTMENT AMI Kl( I XI'KI SS »A\K TEL: 321 3333 Haw Par Brothers International Limited (Incorporated in the Republic of Singapore) Notice of Meeting Notice is hereby given that the Twentieth Annual General Meeting of the Company will be held in the Board Room of United Overseas Bank Ltd,
      574 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      740 20 Road, ***** Penang, West Malaysia on 9 May 1989, the following Special Resolution was passed: It was RESOLVED: "That Eng Ewe Teik Company Pte Ltd be wound-up voluntarily pursuant to Section 290<l)(b) of the Companies Act, Cap. 50 and that Messrs Tan Swan Jeng, Chan Ket Teck and Edwin Khoo
      740 words
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      Page 20 Advertisements Column 2
      382 20 GULRAJ S GREATWAY CORPN PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act (Chapter 50) a final general meeting of the abovenamed company will be held on 12th June, 1989 at 10.30 a.m. at the office of
      382 words
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      Page 20 Advertisements Column 3
      741 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ARRICHIELLO (S) PTE. LTD. (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act, Cap. SO. that the Final Meeting of the Members of the abovenamed Company will be
      741 words
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      Page 20 Advertisements Column 4
      330 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF HAVPIL SHIPPING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General Meeting of the members of
      330 words
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      Page 20 Advertisements Column 5
      83 20 NOTICE OF FINAL MEETING THE COMPANIES ACT, CAP. 50 BEAUX REVES (S) PTE. LTD. (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 ot The Companies Act. Cap 50. that the Final Meeting of Members of the abovenamed Company will be held at 6001 Beach Road #11-07 08.
      83 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      321 21 ANNOUNCEMENT MALAYA TIN PRINTING COMPANY LIMITED FIRST EXTRAORDINARY GENERAL MEETING The Directors of the Company are pleased to announce that Shareholders have voted In favour of the Scheme of Reconstruction ("Scheme") at the First Extraordinary General Meeting held on 11 May 1989. ENDORSEMENT OF MTP SHARE CERTIFICATES Shareholders are once
      321 words
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  • Article, Illustration
    In celebration of Malay unity
    399 22  -  Umno commemorates 43rd anniversary By DAVID CHEW ABOUT 100,000 people thronged the grounds of the Royal Palace in Johor Baru yesterday to take part in the 43rd anniversary celebrations of the United Malays National Organisation, Malaysia's premier political party and leader of the multi-party National
    399 words
  • Article
    Lock icon Progress in talks on trade in tropical products
    123 22 Bernama WHILE NEGOTIATIONS in other areas have not gone well, talks on trade in tropical products under the present four-year Uruguay Round of multilateral trade negotiations (MTN) appear to be encouraging. Following closely the accord on tropical products achieved at the December
    Bernama  -  123 words
  • Article
    Lock icon Lee Lam Thye resigns, Lee Kim Sai to follow suit next week
    369 22 Bernama WITH one more day to go before voting takes place in the by-elec-tion in Bentong, another three by-elections in Malaysia appear imminent as one MCA Member of Parliament and two DAP MPs handed in letters of resignation
    Bernama  -  369 words
  • Article
    Lock icon Ramos to hold talks abroad
    34 22 AP PHILIPPINE DEFENCE SECRETARY Fidel Ramos is leaving Manila today to visit Indonesia and Thailand for talks with military and defence officials, it was announced in Manila yesterday. AP
    AP  -  34 words
  • Article
    Lock icon Baker says US, Soviet nuclear talks will resume
    432 22 AP UPI US SECRETARY of State James Baker said in Moscow yesterday that negotiations with the Soviet Union on long-range nuclear weapons and a nuclear testing ban would resume next month. At a news conference capping his first visit to the Soviet
    AP; UPI  -  432 words
  • Article
    Lock icon Moscow proposes talks between superpowers, Israel and PLO
    177 22 Reuter THE SOVIET UNION has proposed that the superpowers meet Israel and the Palestine Liberation Organisation (PLO) in four-party talks on the Middle East. Soviet Foreign Minister Eduard Shevardnadze made the suggestion on Wednesday during the opening day of talks with US
    Reuter  -  177 words
  • Article
    Lock icon Comex gold and silver
    95 22 Reuter COMEX GOLD FUTURES yesterday steadied early on nervous buying by politically sensitive traders on reports that President George Bush planned to propose to congressional leaders the despatch of several thousand combat troops to Panama to protect US civilians after the postelection violence. June gold gained
    Reuter  -  95 words
  • Article
    Lock icon Bush may send combat troops to Panama
    357 22 Reuter PRESIDENT George Bush was reported yesterday to be planning to propose to Congressional leaders the despatch of several thousand combat troops to Panama to protect American civilians after the post-election violence there. The report came a day after Panama's election tribunal annulled
    Reuter  -  357 words
  • Article
    Indonesian group takes 34.8 pc stake in Promet Petroleum
    400 22  -  By JOSEPHINE CHAN INDONESIA-BASED Summa group has acquired a 34.8 per cent stake in Promet Petroleum, the Hong-kong-listed arm of the Promet group, through a private placement. No figures were given but an earlier report said the placement involved 996.7 million
    400 words
  • Article
    Lock icon US adviser sees slower progress in trade gap cut
    243 22 Reuter MICHAEL BOSKIN, chairman of the US Council of Economic Advisers, said the US merchandise trade deficit would probably not narrow as much this year as it did in 1988. He told a news conference in Paris yesterday: "The substantial progress
    Reuter  -  243 words
  • Article
    Lock icon Bank Negara to freeze assets of CCB borrowers who have fled the country
    284 22 Bernama BORROWERS of the Cooperative Central Bank (CCB) who have fled the country will have their assets frozen, the bank's receivers said in Kuala Lumpur yesterday. The move will help recover bad loans totalling Ms7oo million, said
    Bernama  -  284 words
  • Article
    Lock icon HK's external trade up 29pc
    100 22 Reuter HONGKONG'S total external trade increased by 29 per cent to HK5253.08 billion in the first quarter of 1989 compared with the same quarter a year ago, the Hongkong Census and Statistics Department said yesterday. The value of domestically produced exports increased by 9 per
    Reuter  -  100 words
  • LATE FILE
    • Article
      Lock icon Higher growth for Japan and EC
      63 22 AFP ECONOMIC growth in Japan and Western Europe may be a shade higher this year and in 1990 than projected last December. The US will grow 3 per cent this year, but will slow down more markedly next year than expected earlier, according to
      AFP  -  63 words
    • Article
      Lock icon US retail sales up 0.4pc in April
      54 22 Reuter US retail sales rose a modest 0.4 per cent in April, their first gain since January, on stronger department store, clothing and car sales, the Commerce Department said yesterday. The sales were much lower than the 1.3 per cent rise expected by
      Reuter  -  54 words
    • Article
      Lock icon Takeshita fails in Ito bid
      47 22 UPI OUTGOING Prime Minister Noboru Takeshita of Japan failed last evening to persuade top candidate Masayoshi Ito to succeed him following a three-hour marathon meeting which apparently deadlocked over Mr Ito s demand for sweeping political reform, said Tokyo news reports. UPI
      UPI  -  47 words
    • Article
      Lock icon US$5.4b plan for UK-China trade
      36 22 AP THE 48 Group, a trade promotion group representing major UK companies, yesterday announced a six-year, US$5.4 billion trade and investment plan which will substantially increase Britain's trade with China. AP
      AP  -  36 words
    • Article
      Lock icon US senator seeks peace for Burma
      57 22 AP DEMOCRAT Senator Patrick Moynihan, an influential US senator, has called on the US, the United Nations and South-east Asian nations to help mediate the worsening war between the Burmese government and ethnic minority rebels. The call was made in a statement dated May
      AP  -  57 words
    • Article
      Lock icon Caltex strikes oil in Riau
      35 22 AFP CALTEX Pacific Indonesia has made its first oil strike this year at the Gulame-1 onshore test-well in the province of Riau, Indonesia's state oil company Pertamina said yesterday. AFP
      AFP  -  35 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      71 22 EVERYTHING YOU NEED IN A LUXURIOUS OFFICE for the price of a room! WORLD-WIDE BUSINESS CENTRES (S) PTE LTD #11-04/06 Peninsula Plaza, Tel: *****69 complete facilities telex, fax, copier, word processing, secretarial services, conference room, answering service, long short term lease... you name it! JUfeJiM I mi, 1 m fifii
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      Page 22 Advertisements Column 2
      3 22 Focus, PAGE 9
      3 words
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      Page 22 Advertisements Column 3
      166 22 lent REGENT HEALTH SPA TEL: *****68 (5 Lines) hi J Business Hours 10 30am 1100pm Ample Rarking Lots Available 78 SHENTON WAY #01-01 A 61-01 We're beside Dai-lchi Hotel We are the same team trom EMPRESS HEALTH CENTRE with great difterences Massage Hot/Cold Pools Sauna Bath Steam Bath Gymnasium Hair
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon TFH Line charters two vessels
        125 23 International Transport Journal TFH Line has chartered two 840 TEU vessels for its service between Europe and the Far East which it launched in Febraury. Sailings are now offered at intervals of three weeks. In addition, Tilbury will be included as port of loading besides
        International Transport Journal  -  125 words
      • Article
        Lock icon Lykes seeks partnerships
        98 23 Seatrade Week NOW that its merger with Farrell Lines has hit the rocks, Lykes Brothers Steamship Co is actively pursuing its growth through partnerships with foreign national flag carriers. At a recent trade association talk, Lykes president Eugene McCormick told participants that service and fleet expansion would
        Seatrade Week  -  98 words
      • Article
        First Soviet student joins WMU
        103 23 THE World Maritime University (WMU) has accepted its first student from the Soviet Union. Vadim Bagatouriiya, 29, hopes to gain an insight into modern commercial shipping practices at the university. He has joined the Malmo-based University's two-year "Technical Management of Shipping Companies" course. A graduate
        103 words
      • Article
        Lock icon Cargo ship sinks off White Sea
        92 23 AFP TWENTY-THREE people were rescued and two were missing after a Soviet cargo ship sank at the northern White Sea port of Arkhangelsk, the Soviet news agency Tass reported. The Spartak, carrying 1,000 tonnes of building equipment and fodder, sank within 10 minutes when
        AFP  -  92 words
    • Article
      Wallem to team up with Jorgen
      140 23 WALLEM Shipmanagement (Hongkong) is to team up with Jorgen Jahre Shipping in Sandefjord to form a new shipmanagement company on May 15. The new Sandefjord-based company, Wescol Norway, is aimed at owners using the Norwegian International Shipregister (NIS). It will start service with 12
      140 words
    • Article
      Index to advertisers
      1053 23 ABBS line XII 3/4 ABC Containerlme XI 5 Accord Shpg VIII 1/2 AfS XIII 3 Ahrenkiel liner XII 5 AC Toepfor XIII 5 Amencon Tpt XII 4 Arrow linos XI 5 Assoc Carnage XIII 5 ANl III 1/2 APC line VII 4 API V 3 5 ASCI
      1,053 words
    • Article
      Trio group plans to double frequency
      305 23  -  By RAHITA ELIAS COME JUNE, the Trio consortium will double its frequency by offering two sailings a week in its major markets. The revamped sailing schedule will be made up of three fixed-day weekly services, which comprise: A link between Japan, Korea, and Singapore
      305 words
    • Article
      CMA launches Gulf Asia Line
      220 23 FRENCH container line Compagnie Maritime d'Affretement (CMA) has launched Gulf Asia Line, a new service extending to India and Pakistan. The new routing provides an important new extension of CMA's existing Europe/Arabian Gulf/FarEast service and enables the line to provide regular and effective coverage of
      220 words
    • Article
      W R Shipping to handle reefer cargo at Jurong
      513 23  -  First container freight station at the port By JEAN FOONG GERMAN-OWNED freight forwarder W R Shipping will spearhead reefer container operations at Jurong Port this month It will also start the first container freight station at the port. In addition, the
      513 words
    • Article
      ABS starts Rapid Response Team to assist clients
      332 23 AMERICAN Bureau of Shipping has implemented a programme called the "Rapid Response Team" that provides immediate technical assistance to shipowners and offshore operators to minimise casualty losses. In the planning stage since late 1988, the team concept is designed to expedite emergency
      332 words
    • Article
      NOL picks Oakland as the export load centre
      249 23 NEPTUNE Orient Lines (NOL) has selected the Port of Oakland as the export load centre for its "Triangulated Service" launched recently in conjunction with the Santa Fe Railway Company. Under the line's new rail routing, import containers are discharged from NOL vessels
      249 words
    • Article, Illustration
      Lock icon New pool players seek to develop products market
      888 24 Fairplay POOLS ARE a way of being big in a trade without one owner being too financially exposed. They have traditionally been popular in the so-called industrial shipping sectors like reefer shipping, LNG/LPG and car-carrying. Now, however, Scandinavian companies are combining their
      Fairplay  -  888 words
    • Article
      Philippines fails to set up ship classification society
      313 24  -  By AL O LABITA Jr LACK of support has impeded the launching of the Philippines' first ship classification society. Called the Philippine Register of Shipping (PRS), the society was supposed to be introduced to the industry last month, but was derailed by
      313 words
    • Article
      Idle tanker tonnage declines slightly
      174 24 World laid-up and idle tanker tonnage fell slightly to 2,068,820 long dwt (25 vessels) in April from 2,189,952 (26) in March, London shipbroker John I Jacobs said. Combination carrier tonnage involved also fell slightly to 561,952 dwt (five) from 609,752 (six). f N. Breakdown of
      174 words
    • Article
      Who acts for whom ...
      2307 24 Who acts for whom A B AB Shipping Boustead Sfipg Agencies (S) ABBS Lin* -SMS Pte Lid (S)/Tunas Setia (PK/KL) ABC Containerline NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Line (PK/PN) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agency (S)/Multiporl Sdn Bhd (PK)
      2,307 words
    • Article
      Bunker market report
      540 24 Density Water Carbon Residue Ash Aluminium Sedimen KG/M*3 V/V M/M M/M PPM M/M Exxon method ISO/Cimac limits Spec E25 Spec G35 991 991 1.0 1.0 15.0 18.0 0.10 0.15 30* 30* 0.15* 0.15* Northern Europe 180 Ave 180 Max No above E25 984 993 3 0.3 2.0
      540 words
    • Article
      Lock icon Senator, Hamburg-Sud may tie up operations
      230 25 Seatrade Week INCREASING co-operation between Hamburg-Sud and Senator Line will lead to an integration ol the group's north-south and east-west operations in the future. Hamburg-Sud has trades interlinking with ours at various ports, commented Senator managing director Hans-Gerd Gielessen, who said there were significant
      Seatrade Week  -  230 words
    • Article
      London Freights
      1049 25 THE BALTIC Freight Index on Wednesday moved to a record high for the fifth day running, rising 11 points to 1,715, amid a confused physical freight rate picture, especially for grain business from the US to Japan, brokers said. It appeared that U5529.50 had been fixed for grain
      1,049 words
    • Article
      SHIPPING LIST where your ships are due... and when
      10927 32 A guide to ships loading at Singapore tor ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      10,927 words
    • Article
      SHIPS IN PORT
      1930 36 AT CONVENTIONAL WHARVES Mye Meng 1 /A 89 M4A alongside 1105, 2IU1 MoKojoya 6 33 SB* M48 alongside 1105, 1500 Vessel Voy No Botam Moiu *****9 MIC 1205 0800 13 05/ 0500 Berth Arrival Departure Bennev.sl989 10 89 M4A 12 05, 2300 1305/ 1200 Mahkota E*p *****9
      1,930 words
    • Article
      Lock icon Orion held up by ITF-backed boycott
      290 36 AP FINLAND'S largest export harbour remained closed on Wednesday at a cost of several million marks a day (US$500,000), following a work stoppage by transport workers, reports said. The Federation Of Finnish Transport Unions, KAF, on Wednesday ordered a total boycott of Hamina harbour,
      AP  -  290 words
    • Article
      Shipping events
      256 36 May 23-25 Asia Pacific Freight 2 to be held at the Raffles City Convention Centre. The exhibition will focus on the importance of freight and transportation in the changing patterns of trade in the region For more details: Conference and Exhibition Secretariat Pte Ltd, 6E Mount Sophia. Sinqapore
      256 words
    • Article
      Lock icon Greek port strike continues
      173 36 Reuter A STRIKE by 2,500 port workers halted docking, loading and unloading of container and cargo ships at Greece's main ports for the third day, the Port Employees Union said A union official said a decision on whether to extend the strike would be taken after
      Reuter  -  173 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      8 23 *°v Mti TIMES STP Distributors Ttm*s Pui>is3htnq Group
      8 words
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      Page 23 Advertisements Column 2
      17 23 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 23 Advertisements Column 3
      120 23 c, TIMKS m <6 ajcCf FOR THE VIEWS OF FINANCIAL EXPERTS ZJSS^~ Changes in interest and exchange rates affect your business. BANKING FINANCE brings to you the views of experts in Singapore as well the other financial centres, from Hongkong and Tokyo to London and New York, on a sector
      120 words
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      Page 23 Advertisements Column 4
      146 23 Pool players POOLS ARE a way of being big in a trade without one owner being too financially exposed. They have traditionally been popular in the so-called industrial shipping sectors like reefer shipping, LNG/LPG and car-carrying. Now, however, Scandinavian companies are combining their finances to form tonnage pools in markets
      146 words
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      Page 25 Advertisements Column 1
      1138 25 Etulu'ufc'J K» Cjt4plity tur#/ tssa JAROINE SHIPPING ACINOUS 200 Cantonment Road #17 05 Southpomt Singapore 0701 M *****11 TtUX NO RS 241* TERMINAL,CfS TH *****11 720 BOOKINGS Tt4 *****)4 235 PtSAKA JAROtM SHIPPING AGINCIiS SOM BHO PORT HUANG 111 )(MUI Telei No MA*****/MAWOI PtNANC 111 *****4 TflfX NO MA***** CIS
      1,138 words
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      Page 25 Advertisements Column 2
      1131 25 4f-\ MAERSK LINE "Poet 'Penang Kelang DESTINATIONS Th« nH Leiu M Closing Time CY 15/5 2300 MRS CFS J5/S 1200 MRS 16/5 17/5 23/S 24/5 30/5 31/5 6/6 7/6 13/6 14/6 20/6 21/6 27/6 28/6 4/7 5/7 Thi» week Leise M Closing Tim* CY 15/5 2300 MRS CFS 15/5 1300
      1,131 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      682 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT PKELANG I SOUTHAMPTON HAMBURG BREMERHAVEN LA SEINE 07/533 12/5 BENAVON 87/536 18/5 20/5 6/6 8/6 INB ItM TOKIO EXPRESS 88/535 18/5 12 NIPPONCA *****6 24/5 21* if/I uZ l£> OSAKA BAY 88/539 25/5 27/5 12/6 Lfi TOLAGA BAY 04/599 1/6 3/6 20* 22* HEIDELBERG
      682 words
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      Page 26 Advertisements Column 2
      376 26 T- COLUMBUS LINE REEDEREI GMBH a SERVICE Of mamBURG-SUDi Ei*SSS SiMKOTAiC* SEPVKE "C NORTHBOUND TO UKC FORTH BANK V24N IVYBANK V-24N TAMAITAI SAMOA V-ISN •AI»o FCL to Antwp ROM/A DAM HBC HULL (U.K.) IV* 19/6 22/6 UP I*7 11/7 11/1 16/1 20/1 and ti to to Wtwafc s n Mi
      376 words
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      Page 26 Advertisements Column 3
      731 26 TO EUROPE regular independent full container service NORASIA AL-MANSOORAH VB9OB-3 10/5 JAPAN SEA 909-W 16/5 NORASIA PCARL 8910-3 22/5 NORASIA PRINCESS 1911-3 1 6 (VIA FEEDER) PKL 11/5 17/5 23/5 2 6 awsat 1 ,M u K De,,i,ut,onv po*, Bremen via Hamburg TO MEDITERRANEAN/RED SEA i i i 1 NORASIA
      731 words
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      Page 27 Advertisements Column 1
      1531 27 Steamers Maritime Holdings Ltd P&O ~^\Cnnt Containers CONTAINER SERVICE TO UK/CONTINENT Also Accepting Cargo For: Hamburg to CooonlUfWi. Ajrhus, Gothenburg, Ifcilmo Stockholm. Hatonki. Sondtfburg Rotterdam to Antunrp. Amsterdam. Oslo. Basle. Zurich Bremenhaven to Bremen Southampton to ill UK destinations. Belfast and Dublin CONTAINERSHIP SERVICE FROM UK CONTINENT M bufg B"haven
      1,531 words
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      Page 27 Advertisements Column 2
      892 27 nun VAwn iimc weekly express independent TANU LINt FAR EAST/EUROPE FUILT CONTAINERISED SERVICE WESTBOUND Also accepting for Inland UK dettiiutions Antwerp and Scandinavian ports PMG fLOTA MERCANTE GR ANCOLOMBIAN A, S.A sar )S4. %s( o• ;Cv x EASTBOUND HANJIN TONGMAE 067E HANJIN ROTTERDAM 002E CHOYANC CHANCE 041E HANJIN MASAN OWE
      892 words
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      Page 27 Advertisements Column 3
      142 27 £i) te -f <i|& A.»if A-< EAST MALAYSIA SNIPPING ENT. (PTE) LTD 41 A AMOY STREET, S PORE 0106 TEL: *****18 (4 LINES) TELEX NO EMVES R*****9 SINGAPORE TO SARAWAK BRUNEI SRI LIKU 9/89 MIRI/K BELAIT 11/5 12/5 Receiving cargo at M 2 (PSA Marina Wharf) from Monday to Saturday.
      142 words
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      Page 27 Advertisements Column 4
      312 27 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Line*) TLX R*****1 A R*****2 ft. KASTKKN C\K LINKK LTD IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS 'Also calls E.L. 4 P.E. GENERAL AGENTS: HAI SUN HUP CO. (PTE) LTD. SINGAPORE PORT KILANC PENANC KUAU LU«W« TEL 22M86 TEL3M6S6 TELUBBB TEL
      312 words
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      Page 28 Advertisements Column 1
      612 28 HISINOSE PTE LTD IRAN MEEAD PJL6BI ISLAMIC M PUBLIC OF IRAN SHIPPING LINIS IRANIAN SERVICE Singapore Loading for Sld BANDAR ABBAS IKVowaV \o>i+ KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSI KYOWA VIOLET V 25 KYOWA HIBISCUS V 37 LOAD FOR: GUAM. SAIPAN, HRA, VILA. NMA, LTK. SVA. PAGO. APIA GUAM.
      612 words
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      Page 28 Advertisements Column 2
      589 28 HANJIN SHIPPING CO., LTD. FVI.t.V CONTAINERISED SERVICE 1 TO EUROPE VIA SUEZ 22/5 m m ion 12/6 13/6 TO FAR EAST PORTS HANJIN TONG MAE 0611 IVS HANJIN ROTTERDAM 002E 22,5 CHOYANG CHANCE MIE 29,5 HANJIN MASAN OWE 5,6 FROM EUROPE VIA SUEZ HANJIN TONG HAE 06/[ HANJIN ROTTEROAM 002E
      589 words
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      Page 28 Advertisements Column 3
      212 28 INTEROCEAN LINE 78. 2nd Floor, Jilan 2/71, Taman Tun Of Ismail. ***** KL. Tal: *****34, *****94, *****29 TLX. NO MA-***** FAX. 03-*****11 Pananfl Off: Tal: *****7. *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS LIN LIN SHIPPING PTE. LTD. 1. Maga;me Rom) «05 08 Central Building Singapore OIK Tel *****14 I
      212 words
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      Page 28 Advertisements Column 4
      966 28 EVERGREEN Full Container Service lound-The-World East Bound tFE/CARIB/USEC/EURO/FE) EVER GARDEN 14/05 19/05 30/05 01* EVER GROWTH 75,05 2645 31/05 31*5 Mitt 07/06 09* EVER GRAND 29/5 3005 O/tt 05/tt 09 06 12*6 14* EVER GREET 12*6 13/06 21 tt 19*6 7 346 2646 28* 22 M« w 30/5 M> Z
      966 words
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      967 29 FAR EAST PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, "03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES VESSEL HAI GUANO MAJAPAHIT GOWA VOY SIN JKT 09SB SLD SLO 3758 SLD 14/5 41 SB 34/5 26/5 ACCEPTING MURURAN/TOMAKOMAI/HIT AC HI CARGO VIA MKO 13/5 11/5 24/5 7/6 JAKARTA BANGKOK VESSEL SEA
      967 words
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      Page 29 Advertisements Column 2
      294 29 >sbc NORBULK jOS£ TIMBER AND PLYWOOD SERVICES IMOnBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL 'O: UK CONTINENT PORTS INOIA/PAKISTAN PORTS OTHER SERVICES SP SABAH LOADING KJH CENPAC 2 NBFE-08 In Pt BUSAN TBN" 20/5 ALEXANDRIA -LOADS INDONESIA PORTS. SUBJECT TO CHANGE WITH/WITHOUT PRIOR NOTICE SPORE MARATHON UNITED AGENCY PTE LTD TEL
      294 words
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      Page 29 Advertisements Column 3
      330 29 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT in* Mwf ,m W 1* V»JWWJ*S_ (H 1,1 lOK 11/1 ii/( u* S w Knrloon Si) AluU Miru L»f» ll London fiprtv Bonn [iprra >"■ rNA*W «OAM HAVM STM Outa by SMM SMM SMM SMM SIM OM UK/CONTINENT muwe s Po»f|ro« 11H
      330 words
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      Page 29 Advertisements Column 4
      592 29 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA HOY# P.T. SESUKI LLOYD PXSMMJDERA IMMNESIA P.T. TMKOM LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE VSI/VOY SPORE ANTWERP H'BURG/ ROAM/ADAM BREMEN SRIWIJAYA/26W8 2-5/6 5/7 9/7 S. PANJANG/22 WB 19-22/6 20/7 24 7 KUTAI/17WB 28/6-1/7 30/7 4/8 Subject to Inducement. Also accepting
      592 words
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      Page 29 Advertisements Column 5
      490 29 fage vii BOUSTEAD SHIPPING AGENCIES PAGAN VI4IW HTONEYWA V247W PA-AN via* MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon 3'pore P.Kelang Penang Bangkok 4/5 May 13/15 Hay 21/23 May BANK LINE SEMI CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM HMBG HULL VSIN 2<N H ,S 15/6 IS 22/6
      490 words
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      609 30 K LINE KAWASAKI KISI N KAISHA. LTD. DAi 1.1 '*7. rw 'V';. y t. 1 EXPORT •INDO 8/5 15/5 23/5 29/5 PK/PNG 9/5 16/5 24/5 30/5 sari IMPORT CHLS 11/4 18/4 25/4 2/5 ij.nmrAim ■Mi.'iri mm mm iu i: 11 I, EXPORT li II I TM IMPORT m i i
      609 words
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      Page 30 Advertisements Column 2
      483 30 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers KALIOAS V 4? 12 Ma, TULSIDAS 41 Ma, KALIOAS V 43 M TULSIOAS *43 u KALIOAS V 44 M Au Transit time Smppore Melbourne 1| <u l% P Kelang Ptnang Loading tar: B, Feeder By Feeder Fiem Melb Sydn Add H Ma, »Mi,
      483 words
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      Page 30 Advertisements Column 3
      343 30 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTI 21. Trio* Ayer Street SINGAPORE 0104 TEL (10 LINES) fai iM3SM P Ketanj Pena STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Colombo Kaiacfti Dubai GOLDEN HARVEST Colombo,Karactn Dub*. CHINA SERVICE BAI YUN SHAN Shan«hai apiu CHINA OCEAN SHIPPING CO. PEKINi THE PEOPLE S REPUBLIC OF
      343 words
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      Page 30 Advertisements Column 4
      482 30 VESSEL TBN PHILI-ORIENT LINES PTE LTD HEAD OFFICE: 63 ROBINSON ROAD >*07-12 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 EAST/FAR EAST Fa i LCI SERVICE ETA SINGAPORE IDESTINATION 2 11 2 *li WJBAI DAYMAN, KUWAIT. 2/S 4/6 OOHA, MUSCAT. BAHRAIN *BU DHABI t SHARJAH I™>AH (LCL) WEEKLY
      482 words
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      Page 31 Advertisements Column 1
      592 31 FEEDER VSL N. Ivory 13N N. Kmerald I)9N N. Ivory 14N N. Kmerald lON NIPIUNE AGENCIES PTE. LTD Boofcin FC £U/AUSf NEPLINE SDN BHD NEPTUNE EXPORT m MOTHER VSL Y. Maru 10K O- Kdurator 7IK O. Exporter 5K N. Amber 5K IMPORT iVfTTSA" (CALIFORNIA US OUtP POINTS ATLANTIC VIA MINILANPBRtDT,e)
      592 words
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      Page 31 Advertisements Column 2
      140 31 hx JE CONTAINER LINE f A TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST JE CNTP LINE (P KELANG) TEL (03) 36? 1200 I JE CNTfi LINE (PENANG) TEI (04) *****6 INDIA/S.E. ASIA Conventional/ LCL/FCL Service To COLOMBO, KARACHI, CHITTAGONG, BOMBAY, MADRAS CALCUTTA VESSELS
      140 words
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      Page 31 Advertisements Column 3
      374 31 00** AM HEUNGA SHIPPING Korean Flag Vessels SEM'-CONTAINERISED DIRECT SERVICE TC P KELANG PENANG KEEIUNG SUSAN INCHON Vessel's Name ETD NO 9 DONAM/9MN 30/04 "GIORIA9OSN 10/05 wDRAGNET 905N 19/05 NO I DQNAM/905N 23/05 STRAITS/KOREA SERVICE ETD BS S PORE PKLG KEE BUSAN IN 30/04 13 15/05 14-15/05 23 23/05 26
      374 words
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      Page 31 Advertisements Column 4
      987 31 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 ***** KMK P KELANC MESSRS MAI THONG SHIPPING 12? Pw*n< Strttt. Penant Malaysia M S HANDLING SYSTEM CO
      987 words
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      Page 32 Advertisements Column 1
      272 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTO. 11l miiMrt (14 FAX lUM US 2')lrtrt A/U SSCMA lIS 7'IIHi A/II SSCAI) DSR-LINES vee oeutppacht seepgeoeoE' <rostqo INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND RUEBELAND 4/89 E. THAELMANN 4/89 T WENDA 1W WILHELM PIECK 6/89 H CEGIELSKI
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      Page 32 Advertisements Column 2
      77 32 T.S.K. LINE WEEKLY CONTAINERISED) SERVICE WITH mpn fiAY arrival nxeo oay arrivaiH EE!BMWIMLMEMLMCMLiMi-'«H7*i7r»i KABUKI 21 HERMES ACE V2l HAKUSAN II V* CONTINENT V 72 KABUKI V 22 HERMES ACE V 22 iyiaaaasiaaa IMPORTS FROM JAPAN TAIWAN HERMES ACE ?I HAKUSAN II VI CONTINENT VH KABUKI V 72 HERMES ACE V?
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      156 32 Regional Weather r Va SI SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. M«y 12. IM9 V* W*xJ d»fect»oo witto sp#ed knots r Th^M Wm T't" s v X W*»d (Wecttoo with speed knots r Wove height Cloody Sky Woc« wmtft ore mdKoted b? o"ewt fl* wrti fh# w«d One
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2026 33 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL; *****22 FAX: *****76 IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR MV SINDBAO 15/5 S. Korea, Japan THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA
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      Page 33 Advertisements Column 2
      126 33 sM>FARGO shipping Tel: 824 0188 TO AUSTRALIA/NEW ZEALAND Wl ■RUSSEL 224 C. VEROUK 275 I VS I 12* IIM ANTWERPEN 221 20* 2M I 4/7 TUT EX PRCS 221 I*7 I 2*7 f 11/7 OB I* DATS TO BTDNET! TO USA/CANADA vsi BRUSSELS as 114/7 2Sf7 C. VEROUK 225 I
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      529 34 Marine,lnc. CONVENTIONAL LINER SERVICE FROM USA MEXICO VESSEL MARINE SKY ALLGAEU 910 BAVARIA STAR 914 FROM U S.A./MEXICO USA U.S.A. TO WEST COAST/GULF/EAST COAST PORTS VESSEL ETA ETD FOR PHILIA V9OSE 14/5 16/5 LA/OAK/VANC WASH. BC MIN JIANG V9O7E 25/5 28/5 CAM/NFK/CHA/NOLA/HOUS SAN MATEO VICTORY V9O9E 27/5 31/5 LA/OAK/VANC WASH,
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      Page 34 Advertisements Column 2
      302 34 OCERnSERUICE operates over 600 terminals/offices in U.S.A. maintains over 35,000 tractors trucks, serves over 60,000 points in U.S.A. offers reliable LCL/FCL services. SINGAPORE Lumpw 03 *****55 j 778 6522 (22 LINES) EST™ Contact: Elaine Teo, Esther Yap. shipping (Singapore) private limited Cargo bookings Tel: *****88 (5 LINES) REGULAR LINER SERVICE
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      Page 34 Advertisements Column 3
      332 34 A PKHINTIS LINE WEEKLYFuLL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL PRABHAKTI (TUES) PRASE TIA (FRIDAY) VOY SINGAPORE ETA ETD ETA 260-261 262-263 264-265 VOY JAKARTA ETD 16/5 23/5 30/5 17/5 24/5 31/5 19/5 26/5 2/5 19/5 26/5 2/5 SINGAPORE SURABAYA CTA ETD ETA ETD
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      670 35 Zk s!* DC VAPORES W "PERUVIAN STATE LINE" J LOADING FOR CALLAO. MATARANI, ILO* AND ALL OTHER 8 £I RUV,AN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION |r Penang* P. Kelang* Singapore m HUGHEVERETT Gdn K29/13 May B MANOLOEVERETT 26/27 May 2 ROSEEVERETT
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      Page 35 Advertisements Column 2
      293 35 FULLCONTAINER SERVICE acMptinf FCL/LCL urgoM to USA East t Net! Co* CwrittMA.CMt Ctn*U HAITI CmU Rim. El Stlvador. GmlmmU. Hondur. VtnwiMl*. Ptfu. Ecuador Colombo via Nimm. Trinidad Bartedot Antifuj Lucia. Monturrat Guayana via Kingilon IM TRIESTE IM MELBOURNE IM YOKOHAMA IM PIRAEUS 3521 Z2H!nn* E* 2H 2H 3812Z1 AUSTRALIA CONTAINER
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      Page 35 Advertisements Column 3
      651 35 EE DESTINATIONS ETA SINGAPORE PORT KELANG 13 MAY MANILA MAY HONG KONG, ALL CHINA PORTS 13 MAY KEELUNG. KAOHSIUNG 14 MAY BUSAN 13 MAY TOKYO. KOBE 15 MAY CHITTAGONG 13 MAY DUBAI 12 MAY SYDNEY, MELBOURNE 13 MAY BRISBANE. ADELAIDE 13 MAY FREMANTLE 17 MAY •ALSO ACCEPTING CARGO REGULARLY TO
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      Page 35 Advertisements Column 4
      536 35 FL SHIPPING PTE LTD FINE LINER SHIPPING PTE I T 70 SHfNTON KAY «04 07C MARINA HOUSE S PORE 0?07 TLX RS ??M1 FLINER FAX ??5?856 TEL: *****77 (12 LINES) MIDDLE EAST SERVICE (FCL LCL OUBAI, OAMMAN. KUWAIT, BAHRAIN. MUSCAT. ABU DHABI FAR EAST SERVICE (FCL LCL) HONGKONG BANGKOK KEELUNG
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      Page 35 Advertisements Column 5
      465 35 PTC CONTAINER LINES FCI LCL SERVICE FAR EAST 14/5 KEELUNG/KAOHSIUNG 13/5 BANGKOK 14/5 MANILA 13/5 JAKARTA 13/5 PORT KELANG/PENANG 15/5 BUSAN 26/5 TOKYO/YOKO/KOBE 13/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai S|N EUROPE/UK 13/5 RDM/HAM/ANT/LE HAVRE/GENOA 13/5 LDN/FLX/LVP/SOU S]N USA/CANADA 15/5 L.A./NYC/SFO 15/5 VANCOUVER/TORONTO/MONTREAL SIN AUSTRALIA/NEW 14/5 SYD/MELB/ADEL/FREM 14/5
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      130 36 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 P.Kelang Penang Lae T'ville Loading For "ANKE" V002SB 25-26/5 27-28/5 28-29/5 8/6 14/6 Lae, Townsville, Pt Moresby, Cairns, Mackay
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      Page 36 Advertisements Column 2
      440 36 COLUMBUS LINE WESTERN AUSTRALIA-FE SERVICE (WAFE) CR NO: **********0R SOUTHBOUND VESSEL VOY YKH OSK HK SPORE FREM GTON KAPITAN 4 S d SW 16/5 21/5 28 30/5 31/5 SILIN 4 30 31/5 12/6 7/6 12/6 19 21/6 22/6 NORTHBOUND VESSEL VOY FREM GTON I SPORE IHK OSK YKH VESSEL VOY
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      Page 36 Advertisements Column 3
      439 36 tW/ Mitsui O.S.K. Lines. Lid FULL CONTAINER UK/CONTINENT (TRIO) |v r P Kelanf Ston H'tairf lwn R'tam I* Havre *TT tlm US WS M M W6 SI M 1 5 0* »/i LW 14/1 lt/t 17,% 1M H MEDITERRANEAN (MED CLUB) JEDDAH OCIANUS TOKYO OCIANUS OSAKA P Kelanf B telona
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      Page 36 Advertisements Column 4
      78 36 JT* GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN UK REGULAR UNER SERVICES (FORNGHTLY SAJUNG) HONG KONG PORT KELANG PENANG BANGKOK ALSO ACCEPTWG CARGO FROM HONGKONG TO MALA VS4AN PORTS ft M/V TAI BAO 1/5 In Pt 10/5 15/5 18/5 MEAD AGENTS SOUTHERN SHIPPING ANO ENTERPRISES CO.' LTD. AGENTS SATIMAR SON.
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