The Business Times, 16 May 1989

Microfilm: NL16541
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, MAY 1«, 1989 75 CENTS
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  • Article
    FINANCIAL NEWS SUMMARY
    241 1 Dow Jones up US stocks showed moderate gains early yesterday but buying eased from Friday's hectic pace. The Dow was up five at 2444 after leaping 57 on Friday. Gainers held a moderate lead over declining issues. Reuter Footsie up LONDON share prices were higher at midday
    241 words
  • Article, Illustration
    Regional stock markets rise strongly in Wall Street's wake
    224 1 BUOYED by Wall Street s 57point rise last Friday, regional stock markets, except Tokyo, posted double-digit gains yesterday. In Singapore, the Straits Times Industrials Index gained 10.33 points to hit a post-Crash high of 1,295.40, while the Business Times Composite Index
    224 words
  • Article
    Greenback ends stronger
    85 1 THE US DOLLAR closed firmer yesterday in Tokyo after shaking off two early rounds of Bank of Japan intervention. The dollar closed at 136.80 Japanese yen and 1.9278 German marks against last Friday's New York close of 136.10 yen and 1.9200 marks. In Singapore, the greenback ended
    85 words
  • Article
    Australia willing to host inaugural meeting of Western Pacific grouping
    558 1  -  By JOHN THOMAS AUSTRALIA yesterday announced that it was willing to host the inaugural ministerial meeting of an organisation of several key Western Pacific economies proposed by Prime Minister Bob Hawke. Canberra also backed subsequent calls for a broader membership
    558 words
  • Article
    SIA profit expected to soar above $1b mark
    530 1  -  By KEVIN GWEE WITH THE CONTINUING worldwide boom in air travel, Singapore Airlines Ltd's profit is expected to climb above the billion-dollar mark. Virtually all foreign and local analysts contacted by BT expect the national aircarrier to show at least a two-thirds
    530 words
  • Article
    Car disincentives package contains no surprises
    730 1  -  INTERIM MEASURES TO REIN IN WORSENING CONGESTION By JOCELYN TOH THERE WERE no surprises in the much-anticipated package of anti-road congestion measures announced by the government yesterday an expanded Area Licensing Scheme, higher parking charges, and more expensive petrol. The package of disincentives, introduced
    730 words
  • Article
    Lock icon Seoul may finish economic zone study this year
    155 1 Bernama A STUDY by South Korea to create a special economic zone in Malaysia for South Korean businesses is likely to be completed by the end of the year, a Seoul trade promotion official said in Kuala Lumpur yesterday. Mr Chan-Kyun Chang,
    Bernama  -  155 words
  • Article
    Lock icon Gorbachev and Yang set stage for warmer ties
    412 1 AFP SOVIET LEADER Mikhail Gorbachev yesterday set out "three affirmations" and Chinese President Yang Shangkun "five principles" as they drew up a blueprint in Beijing for the future of Sino-Soviet relations after a 30-year period of coolness. In speeches at a state
    AFP  -  412 words
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      Page 1 Advertisements Column 1
      150 1 Nikon The World s Finest Photographic System. Full report, PAGE 16 Regional markets, PAGE 18 Identical write to the last detail. Except their point I sizes. You already know the Pilot Hi-tecpoint V 5. Now, meet the all-new We call them the identical high-tech twins. Similar in all m aspects
      150 words
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      Page 1 Advertisements Column 2
      185 1 Editorial Comment: 10 A mandate for multi-racialism New era for Indonesia US-Soviet trade 11 Prospects brightening Electronics 2 Omron doubles investment Japanese trade 2 Delegation to meet PM Technology 3 US workstation maker to grow Japanese construction sector Threat of US retaliation 5 COMPANY NEWS Banking staff Concern over staff
      185 words
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      Page 1 Advertisements Column 3
      76 1 Nikon The World's Finest Photographic System Focus, PAGE 4 Have you suddenly got cold feet about buying those rather expensive Italian shoes'? ye ■X. mU i It's all a question of smart money management isn't it? Why shouldn't you have money to spend when you want to spend it? Prime
      76 words
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  • HOME NEWS
    • Article
      Omron doubles investment in regional HQ
      378 2  -  Firm likely to seek IPO status in future By JAYARAM MENON JAPANESE electronics and electronic systems manufacturer Omron has doubled its original $15 million investment in its regional headquarters in Singapore. The additional $15 million was used by Omron Management Centre of Asia Pacific,
      378 words
    • Article
      Budgetary control software designed for ministry to be marketed globally
      226 2 AMERICAN software supplier McCormack Dodge will be marketing globally a budgetary control system which it developed for Singapore's Finance Ministry. The company developed the system, which is used to check whether government spending is within budget, for the ministry in
      226 words
    • Article
      Why there is poverty in China amid strong economic growth
      493 2 CHINA has made phenomenal strides in economic growth in recent years, yet remains a poor country. This paradox was highlighted by Professor Lim Chong Ysh of the National University of Singspore at a public lecture yesterday. He was in China
      493 words
    • Article
      Revamp pays off for People's Insurance
      249 2 RECENT STEPS to beef up its management and consolidate its underwriting business have led to an improvement in the performance of the People's Insurance Company (PIC). The company has posted better first quarter results for 1969, according to a statement released yesterday.. Underwriting premiums
      249 words
    • Article
      Japanese economic group to call on PM Lee
      443 2  -  By ANNA TEO MEMBERS OF Japan's Keidanren the country's moat powerful economic organisation will call on Mr Lee Kuan Yew and three ministers today. A 47-strong delegation from the organisation, or the Japan Federation of Economic Organisations, arrived in Singapore laat night
      443 words
    • Article
      Centre kindles local companies' interest in Egyptian investments
      271 2 A NUMBER of Singapore companiea have expressed keen intereat in setting up joint venturee In Egypt their enthusiaam kindled by the Arab Business Centre formed recently by the Singapore Manufacturers Association (SMA). According to the managing director of the centre, Mr Zaher
      271 words
    • Article
      Three-in-One show expected to attract 10,000
      145 2 A THREE-IN-ONE multi-spectrum exhibition, catering largely to the chemical, petrochemical and oil refining industries, is expected to sttrsct mors than 10,000 visitors when it opens st the World Trsds Centre on Msy 23. Ths four-day ChsmAsia/ InstrumsntAsla/AnaLabAsiaSS Exhibition, to be opened by Mr Eugene
      145 words
    • Article
      US developer on tour to promote two condominium developments
      138 2 AN AMERICAN developer end reel estate group is here to sell two reeidentiel developments in New York. The president of Kreus Enterprises Inc. Mr Herman I Kreue, who is on the third leg of en Asien tour, is holding e threeday
      138 words
    • Article
      Canadian aid agency to be based here
      302 2  -  By TAN KEE WEE A CANADIAN aid agency will open its Canada-Asean Centre in Singapore on July 10. Called the Canadian International Development Agency (CIDA), it was set up to give Canada the administrative means to channel aid to developing countries. Its new
      302 words
    • Article
      Accolade for Finnair
      57 2 FINNAIR has been named "Airline of the Year" and awarded the American Grand Prix Mondial du Voyage by the American Travel Digest magazine. The choice was made based on comments received from travel agents, travel writers and frequent air travellers on its cuisine, its passenger and travel
      57 words
    • Article
      British mission on the lookout for local sales representatives
      137 2 A BRITISH selee mission will be visiting Singapore next week. The 12 participating companies will be presenting a wide rsnge of products, from furniture, specialised medical equipment end securing devicee for uee in the transport industry to heating and air-conditioning control
      137 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      239 2 v; -v- ifc* < mm wm*xzjm v. A New York Property in Singapore! ■<» > K:/ m u» Ik A V'V^~r\ MMHHr Trszantfrnrz A timely purchase in the New York Market «.m An excellent opportunity for capital appreciation. KRAUS -A full service company looks after your purchase We rent, manage,
      239 words
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      Page 2 Advertisements Column 2
      0 2 ~!)=&]?*,`\+>[@}!`%@<*\>~+@>)+*
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      99 2 wut»£t3utnd)ta /or ®be ®etb MON Pork Chop TOE Pepper Steak WED Oxtail Stew THUR Sambal Steak or Roast Beef or Chicken With Red Wine Sauce or Chicken Chop $6.80 $6.80 $6.80 Sambal Steak or Half Spring Chicken $6.80 IB Mushroom Steak or Fish Chips $6.80 SAJ Mexican Steak or Ftted
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  • TECHNOLOGY
    • Article
      Lock icon Device could mark new computer era
      347 3 NYT A NEW electronic device that permits 100 tiny lasers to be packed onto a computer chip holds promise for the creation of computers that will operate using internal laser beams rather than the traditional currents of electricity. The new computers would grow out
      NYT  -  347 words
    • Article
      Scanners becoming a necessity for PC users
      606 3  -  rill l ©mass -by JEFFREY TSANG THE ERA of desktop publishing (DTP), where the text is neatly formatted into more readable columns and further enhanced with the use of graphics and publication-quality fonts, has led to new investments for PC users. Anyone planning
      606 words
    • Article, Illustration
      US workstation maker to grow
      506 3  -  Sun Microsystems wants bigger slice of Asian market By WALTON MORAIS FRESH from the launch of a new product line last month, Sun Microsystems the brash young kid that is making waves on the computer block is gearing up to capture a larger slice of
      506 words
    • Article
      Lock icon Powerful pocket-sized computers in the offing
      479 3 NYT IN SILICON VALLEY, smallness has traditionally been equated with power, so it was not by accident that the Poqet Computer Corp chose its name. These days, Poqet's future sits, appropriately enough, in the breast pocket of a jacket worn by the company's founder,
      NYT  -  479 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      119 3 LURKING in the primitive and dangerous world of Tarmalon is the Tarmalon Galactic Museum, store house of education and entertainment and window to the history, legends and cultures of the Ancients. But one of the museum s most precious artifacts has been stolen. The Wizard's Compendium, legend has it, is
      119 words
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      Page 3 Advertisements Column 2
      187 3 v > itr r v v w s V > *N > > s > > > X V X X J < a m BTi ,-V -1 V> Latest Sports Fashion Statement to afi ejilejjrcle of athletes and heroes others. Times have changed. Today, many people participate in sports.
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  • FOCUS
    • Article
      Lock icon Gorbachev begins watershed visit
      925 4 Reuter SOVIET LEADER Mikhail Gorbachev arrived in Beijing yesterday for a summit both sides have billed as historic and declared his visit should mark a watershed in relations between the long-squabbling communist giants. "We have come to China in the springtime, that is the flowering of
      Reuter  -  925 words
    • Article, Illustration
      Lock icon Sino-Soviet ties not at US expense: analysts
      700 4 AP THE US government can't afford to be complacent about warming relations between the Soviet Union and China, but neither must it fear the shift is taking place at Washington's expense, say analysts of Sino-Soviet ties. Soviet leader Mikhail Gorbachev s four-day pilgrimage
      AP  -  700 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      886 4 ARRIVALS Operator w#nr1C® number Local Mme From SU SQI05 1105 KUL MA M421 1130 IWN QFA QF072 1135 8KK SU SQI51 1145 CGK GiA GA940 1150 MES THA TG403 1155 8KK StA SQI91 1200 MM OA GA900 1210 PKU SU SQ069 1210 8KK MAS MH644 1220 KUL
      886 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      183 4 m w m ;3 m :V. m 4. *1 *9K3 iff, j 5 in KM J4jp- Now go straight home. Thai flies non-stop to 8 European cities. you 're taking your valuable home leave, all you want to do is get there as fast as possible. Which is why Thai
      183 words
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      Page 4 Advertisements Column 2
      37 4 The busmen person's chokc every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow eariy the following morning. CjJI your Trmi Agent or Air Canada at 7i2USi. A BREATH OF FRESH AIR
      37 words
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  • OVERSEAS
    • Article
      Lock icon One-third of HK citizens consider leaving by 1997
      414 5 UPI ONE-THIRD of Hongkong citizens are conaidering leaving the British colony before China resumes sovereignty in 1997, reflecting a loss of confidence in Beijing's promises for the future, a public opinion poll showed yesterday. Nearly half of thoee who told pollsters they
      UPI  -  414 words
    • Article
      Lock icon Baker against nullifying Panama canal treaties
      211 5 Reuter AMERICAN Secretary of State James Baker said on Sunday it would be a mistake for the United States to nullify its canal treaties with Panama if strongman General Manuel Antonio Noriega refuses to relinquish power. "I don't think that that's the appropriate response."
      Reuter  -  211 words
    • Article
      Lock icon Soviet economy in trouble: Sakharov
      296 5 Reuter SOVIET human rights activist Andrei Sakharov said on Sunday his country was on the brink of economic catastrophe because reforms of the old centralised system were too slow in arriving. Mr Sakharov, a guest speaker at the Italian Socialist Party Congress in Milan, also
      Reuter  -  296 words
    • Article
      Lock icon Mexico eases law on foreign investment
      176 5 Reuter MEXICO will unveil a revamped law this week that allows foreign investors to buy into the tourist industry and drops other restrictions in some areas, the government newspaper El National reported on Sunday. The new regulations, which are to take effect today, replace
      Reuter  -  176 words
    • Article
      Lock icon Japan's construction market seen as prime target for US retaliation
      592 5 Reuter AMERICAN companies are still being shut out of the Japaneee construction market, US officials say, deepite a year-old bilateral market-opening pact. US industry and diplomatic sources are frustrated with what they said is lack of real change and they
      Reuter  -  592 words
  • Page 5 Advertisements
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      151 5 ASIA PACIFIC DUTYFREE CONFERENCE AND EXHIBITION THE 6TH ASIA/PACIFIC DUTY-FREE CONFERENCE EXHIBITION RAFFLES CITY CONVENTION CENTRE, SINGAPORE, I6TH-IBTH MAY 1989 More than 1 20 suppliers of the newest and best in duty-free merchandise will exhibit at this year's premier duty-free show for the Asia/Pacific region. On display will be over
      151 words
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      Page 5 Advertisements Column 2
      335 5 V/iV, 4 i t J m f r: v i» I JT 3F 1 V a K S m\ *T r wr f ■Uf. r fi i dPvi A. r; m ■f •i V f r >> A r > i i%*i <?> v< ir fll *fl 'V k k
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      283 5 City Max/ Note Mm CO Adalolda unav Amst*rdom unov Alham 34/16 Claar Bahrain 33/27 C)*ar Bangkok 35/27 Fair Barbados 30/25 o*ar Baijhtg 22/06 Cloudy Boirv* 24/18 Sunny B*igrod* 20/15 Cloudy Boriln 17/06 Cloudy Bormuda 26/23 Cloudy Bonn 18/12 o*Cast Brtaban* 19/14 Cloudy Bnmoh 16/09 Cloudy Budopost 18/14 Cloudy Busnos Alr*s
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    • Miscellaneous
      Page 5 Miscellaneous Column 2
      84 5 Doonesbury OKAY! WE GOT A MAJOR MAYBE FROM PISNEY! THEY'RE GONMA GET BACK A 7VMZ! Si 0 Wi uiilktt I THINK WHAT HJB GOTTA PONOk IS SWE&TEN TUB POT, BRING IN ANOTHER BANKABLE ELEMENT! UKE THE/STRESS WE UIANT TO PLAY OPPOSITE YOU! ANY suer BY GARRY TRUDEAU yeah, i ear
      84 words
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  • BANKING AND FINANCE
    • Article
      Forex markets
      1648 6 SINGAPORE: HAVING brushed off a weaker-than-expected rise in US April PPI and an estimated US$3 billion in central bank intervention, the US dollar ended the Asian session on a very bullish note yesterday. It rose from opening lows of D-mark 1.9247/ yen 136.50/ pound 1.6608/8$ 1.9562 to close
      1,648 words
    • Article
      Lock icon Simex
      495 6 BA Futures JUNE Eurodollar futures opened 28 ticks higher yesterday at 90.46 on news of a smaller than expected rise of 0.4 per cent in the US April producer price index. Prices continued to ease to a low of 90.43 on profit-taking. Liffe opening saw prices traded to a
      BA Futures  -  495 words
    • Article
      Asian $ market
      300 6 Asian market ASIAN DOLLAR deposit rates finished sharply down yesterday compared with last Friday's close after a day of light trading, dealers said. They attributed the decline in rates to news of a smaller than expected 0.4 per cent rise in US April producer price index and a sharp increase
      300 words
    • Article
      Money markets
      58 6 THE OVERNIGHT RATE on the Singapore money market closed unchanged at 5 3/8 per cent yesterday. Short-term rates were also unchanged across the board. SS lnt€ irbank rates at th« dot* y*st«rdayi ora m> O—r3 3/» 9 1/4 1-MMk 3 1/4 3 2-awnlfc 3 3/1* 3 3/16 J^MMk
      58 words
    • Article, Illustration
      World interest rates
      185 6 Indicates Wm avaiaga of ■m prima hndhg rate* of 12 major banks In t'pora Interbank market rates (offer/bid) on May 15 7 day* 1 3 12 m* uss J/4 i/t J/« 1/2 S/« 9 l/J s/t f i/a J/l-H/J IJ 7/14 5/16 12 ll/U —9/l« IJ 7/«
      185 words
    • Article
      Options
      1257 6 CURRENCY FUTURES OPTIONS Monday, May 15, 1989 OEUTSCMEIIAMC (SNKX) Jw M eal Law li 0a* M>k 3 u 1 SI 25 52 69 S3 141 S4 3 232 ss CA6 56 CAB I u t 1 1 Ntgft Lm 8R« S2 114 S3 170 S4 238 Monday, May 15,
      1,257 words
  • Page 6 Advertisements
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      93 6 Set to tempt sushi lovers Sushi lovers are in for a real treat. m Our master chef has created six different types of sushi set lunches to I tempt you: Oshi-Zushi Set, NigiriZushi Set, Temaki-Zushi Set, MakiZushi Set, Chirashi-Zushi Set and i Bara-Chirashi Set. VA. Each set, artistically presented in
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  • MONEY AND EXCHANGES
    • Article
      Managing and controlling risk
      977 7  -  'jfflflDQ SQMBEL by PAUL FRANKLAND SINCE the "Risk Management and Captive Insurance Conference '89" will be held in Singapore from May 22 to 24, these two areas of specialist insurance seem topical for my column over the next two weeks. If you are a business owner
      977 words
    • Article
      IMM
      204 7 IMM currency futures garnered brief support from heavy central bank intervention and moderating US inflation data but slumped to a lower close last Friday. Trade, which had thinned from a frenzied early pace, picked up again late as large retail selling pushed most nearby contracts to the day's lows
      204 words
    • Article
      Lock icon China to crack down on foreign banks
      282 7 Reuter THE GUANGZHOU BRANCH of the People's Bank of China, the country's central bank, plans to crack down on foreign bankers it says are doing business illegally. A Guangzhou-based central bank official, who asked not to be identified, said recently that there had
      Reuter  -  282 words
    • Article
      Government Securities Market
      115 7 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID offer UGH LOW 3 months BQ*****H 10.08.89 3.72 3.67 3.91 3.73 6 months BS*****N 27.08.89 3.72 3.67 3.84 3.70 1 yeor BY*****H 23.11.89 3.85 3.80 3.87 3.83 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
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    • Article
      Shortage of qualified staff causes concern
      568 7  -  Banks likely to look overseas: survey By QUAK HIANG WHAI CONCERN over the shortage of qualified banking managers in Singapore has been expressed by top bankers here in a survey conducted by Egon Zehnder International, an executive search and management consulting firm. Singapore is
      568 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      73 7 CORPORATE FINANCE SEMINAR (A five day programme) Disintermediation Securitisation Cost of Capital Portfolio Theo Risk Management Techniques Venture Capital Management Buy-outs Mercers Acquisitions Valuation of Companies Deal Structuring/Financial Engineering Date 29 May 2 June, 1989 Venue Singapore Fee £850.00 Organised by DC Gardner Co, an international banking consultancy company with
      73 words
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      Page 7 Advertisements Column 2
      227 7 V .< Is* r\vv y>n -1 ,4 4 *«»r r> 3 *1V iV.WB Bank's nen head office is located in south east Amsterdam We bank your way. It's the one single reason for our growth. Because at NMB Bank, we believe in partnership with our clients. We don't try to
      227 words
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  • COMMODITIES
    • Article
      RAS and MRELB
      274 8 RAS priCOS In 8 cents/kg, FOB In batoi NOON CLOSE Buyers Sellers Buyers Seders Int 1 RSS Prompt 192.50 193.50N 191.25 192.25N Int 1 RSS June 89 189.75 ***** 188.50 189.50N Int 1 RSS July 189.25 190.25 188.00 189.00N Int 2 RSS OP 185.50 187.50N 184.50 186.50N
      274 words
    • Article
      Precious Metals
      445 8 HONGKONG: Gold closed lower in moderate trading on selling by Australian and British investors motivated by a firm US dollar tone yesterday, dealers said. There was no support in the market due to fears of further selling by producers. Dealers expected gold prices would fall further in New
      445 words
    • Article
      Produce Prices
      194 8 Chinese Produce Exchange S*1l«ri' noon doting prk -*s on May 15 (SS/100 kg) Coconut oil Bulk FOB 106.00 OW drum FOB 116.00 N»w drum FOB 120.00 Copra Mixod (Ioom) 62.00 Pepper nwnllw* WTWiS FOB NtW 612.50 Sarawak wMtw FOB faq NtW 602.50 Sarawak sp«ckH block FOB NtW 437.50
      194 words
    • Article
      SSR and SMR
      79 8 (catm/kg) JUNE 1989 JULY 1989 (currant month) (forwai 'd month) RAS NOON NOON tvyn C —14—.— •uy*n 5tHtn SSR 30 163.00 165.00N 163.00 165.00N SSR 50 161.00 163.00N 161.00 163.00N MRELB kytn 5 < l, n ■vyars Safer* SMR CV 366.00 368.00N 269.00 270.00N SMR I 367.00
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    • Article
      Rubber
      351 8 SINGAPORE: Rubber prices closed lower yesterday with June 1 RSS buyer quoted at 188.50 cents a kg, down 3.50 cents from last Friday's close. Dealers said prices fell in the morning and drifted further in the early afternoon on stop-loss selling following declines in Japanese markets. But prices closed
      351 words
    • Article
      KL Tin
      150 8 THE Kuala Lumpur Tin Market price slipped all cents to Ms 27 .58 a kg yeeterday from last Friday's cloee due to an abaano« oI buying demand and In line with the European spot market Brokers said a higher offering of 82 tonnea against Mda of 32 at
      150 words
    • Article
      Lock icon Crude Oil and Products
      152 8 Telerate FUEL OIL traders' sentiments remained mixed over near-term prices yesterday. However, the general feeling was bearish as many players believed supplies would be ample as cargoes from Iran, Iraq and OS West Coast arrive by end May-June. On the other hand, there were some uncertainty
      Telerate  -  152 words
    • Article, Illustration
      Lock icon Opec quota must be raised, says Indonesian minister
      276 9 AFP INDONESIAN Mines and Energy Minister Ginanjar Kartasasmita believes an increase in Opec's total output quota is necessary to avoid a plunge in world oil prices. "I think the Opec quota should be reviewed because otherwise members will raise (their output) individually
      AFP  -  276 words
    • Article
      Lock icon Rumanian official discusses bartering its products for Malaysian oil
      285 9 Bernama Rumania is interested in importing petroleum from Malaysia in exchange for its products, the chairman of the Rumanian Grand National Assembly, Mr Nicolae Giosan, said in Kuala Lumpur on Sunday. He said the possibility of trading Malaysian petroleum for Rumanian
      Bernama  -  285 words
    • Article
      Palm Oil
      345 9 MALAYSIAN crude palm oil futures closed easier yesterday on the Kuala Lumpur Commodity Exchange in active trading. Dealers said the higher stock figures released by the Palm Oil Registration and Licensing Authority (Porta) was the main factor that led to the increased activity. There was speculative selling due
      345 words
    • Article
      Lock icon Inro completed sale of 360,000-tonne stock in March
      350 9 Reuter THE INTERNATIONAL Natural Rubber Organisation's buffer stock manager, Mr Aldo Hofmeister, said he has sold all Inro's 360,000tonne rubber stock. "Earlier, I was not at liberty to tell you that I had sold all the rubber. Now. I can say that
      Reuter  -  350 words
    • Article
      Lock icon Beijing short of money to pay farmers for grain
      198 9 AP THE Chinese government will not have enough money to pay farmers for their summer grain and oil crops. That means farmers may not have funds for the important fall crop. The People's Daily last Saturday quoted officials from the Ministry
      AP  -  198 words
    • Article
      Lock icon Iraqi minister forecasts oil prices at around US$18
      267 9 AP IRAQI OIL MINISTER Issam Chalabi has been quoted as saying he expected oil prices to fluctuate around US$lB a barrel through this year, with a constant summer demand because of stockpiling by industrialised nations. A Saudi Arabian newspaper last Sunday quoted
      AP  -  267 words
    • Article
      Lock icon Oapec agrees to re-admit Egypt
      330 9 NYT THE ORGANISATION of Arab Petroleum Exporting Countries (Oapec) agreed on Saturday to readmit Egypt, whose membership was suspended because of its peace with Israel a decade ago. The move was a further step in Cairo's return to the Arab fold after 10 years of
      NYT  -  330 words
    • Article
      Lock icon Bid to introduce tropical oils labelling law in California fails
      603 9 Bernama ANTI-PALM oil lobbyists have failed in their attempts to introduce labelling that would have discredited palm oil and coconut oil in California, a senior Malaysian official in Washington has said. The Tropical Oils Bill, which requires palm, palm kernel
      Bernama  -  603 words
    • Article
      Lock icon PNG signs accord on gold mine venture
      184 9 Reuter PAPUA NEW GUINEA (PNG) has signed an agreement for the development of the Porgera gold mine with the mine's joint venture partners. The government, a 10 per cent stakeholder, said construction of the PNG highlands mine will begin immediately and should be
      Reuter  -  184 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      152 8 1 V 111 t t A D rf r 311 irl •i 3 1 IJ;M i^k^Hiit Kt. huh I Mil I KIII 17iH II'MIK If '.If EL Lazier i r it -<4 "r f" jr T r"rrTrTr' i i IM i i i i,» 1 1 J r i iv"
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      161 9 Retractable pull handle transforms suitcase into luggage cart (patent pending) Retractable strap to strap on excess baggage Inside, a Wet Pack divider provides two compartments for organised packing Easy-Carrier's extra height ic<es it an ideal size for packing most clothing Two sturdy wide track wheels and a skid plate to
      161 words
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      Page 9 Advertisements Column 2
      275 9 Our sure-footed project and property management makes you a winner in the long run. Se.. ■tfH 'y-,. I V c v. ff! Jones Lang Wootton International Property Consultants Real Estate Agents Valuers Auctioneers Proiect Property Managers As a real estate owner, leave total project development and the day-to-day running of
      275 words
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  • PERSPECTIVE
    • Article
      A mandate for multi-racialism
      486 10 THOUGH MALAY unity was the main theme of Umno's 43rd anniversary celebrations last week in Johor Baru, top party leaders such as Oatuk Seri Or Mahathir Mohamad and Mr Ghafar Baba have time and again emphasised the importance of cooperation between Malays and nonMalays in the
      486 words
    • Article, Illustration
      Indonesia: new role for oil
      1405 10  -  In the 70s, oil was king in Indonesia. But the oil price collapse since 1983 has weaned the economy from an excessive dependence on oil exports. Six years on, the oil sector is again pulling its weight, but in a way qualitatively different from its
      1,405 words
    • Article, Illustration
      Why Karl Marx was wrong
      650 10  -  Professor Lim Chong Yah, head of the Department of Economics and Statistics at the National University of Singapore, was in Beijing recently to address an international symposium on Third World economic development. ZHOU MEI, Economics Correspondent, summarises the highlights of Professor Lim's paper. ZHOU MEI,
      650 words
    • Article
      A new approach to development
      577 10 FROM SINGAPORE comes a new theory of economic development. Called the EGOIN theory by its proponent Professor Lim Chong Yah, it offers a man-cen-tred approach to development. First, there is the EGO "The national human EGO of the society". The EGO is a trinity, says
      577 words
    • Article
      Lock icon Prospects brighten in wake of Bush speech
      1092 11  -  Trade is one of the best ways to judge how real international politics is. CLYDE H FARNSWORTH looks at the brightening prospects for Soviet-American trade in the context of improving political relations between the two super-powers. CLYDE H FARNSWORTH NYT SOVIET-AMERICAN trade prospects
      NYT  -  1,092 words
    • REGIONAL VIEWPOINTS
      • Article
        Japan reasserts role in Asean
        307 11 Our weekly summary of what other publications have to say about issues of international interest. JAPAN-ASEAN "The primary objective of Prime Minister Noboru Takeshita's nine day visit to five Asean countries which ended in Manila on Sunday was to broaden and deepen Japan's relationships with
        307 words
      • Article
        Tin: Loss of top spot no big deal
        361 11 MALAYSIA "Some industry experts had forecast it years ago. But now the time has really come when Malaysia can no longer claim to be the world's largest producer of tin. Last year, the country's production of tin-in-concentrates declined to its lowest level
        361 words
      • Article
        More help for the have-nots
        265 11 "Deputy Prime Minister Abdul Ghafar Baba has announced a special development programme, for which the government has allocated over $390 million, to assist the very poor in the country over the next couple of years before the expiry of the New Economic Policy (NEP).... With
        265 words
      • Article
        Tragedy could be catalyst
        331 11 SOUTH KOREA "President Roh Tae-Woo has been handed a potent weapon by the students who killed six riot police in Pusan last week. He has the opportunity to turn the appalling tragedy to the advantage of an embattled government trying to achieve political stability. and greater
        331 words
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      Page 10 Advertisements Column 1
      155 10 At the Carlton Brasserie, you don't have to be French. Just busy. mm P^t v W At the businessmen's lunch in the Carlton Brasserie, you'll find an informal, fnendly setting with French cuisine, some with a taste of the Onent. daily specials and an t 7 'V excellent selection of
      155 words
  • Page 10 Miscellaneous
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      Page 11 Advertisements Column 1
      198 11 S -V~ —v~ iv. JV r S< *S kfa,/>rC*toyi^—— XU\ LIFE GOES ONWITH LIVING ASSURANCE Ben Lim was climbing up the corporate ladder. But one day, Ben was told by his doctor he had to have a heart bypass. He could not grasp it at first. But Ben was not
      198 words
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  • LEISURE
    • Article, Illustration
      Lock icon Jaguar's new sedan for the '90s
      655 12 i MOTORING UPI JAGUAR has introduced to the J IJS its first all-new sedan in 20 years, hoping that it will fend off growing competition for the BritK luxury car maker well into 1990s Introduced in Britain three years ago, the redesigned XJ6 is
      UPI  -  655 words
    • Article
      Lock icon London to say hello to a new class barrier
      228 13 AP LONDON is about to dial into a new and divisive experience. The capital is running out of telephone numbers, so from May Day 1990 it will be split in two, with separate area codes for the central and outlying v
      AP  -  228 words
    • Article, Illustration
      Lock icon A week of soaring records
      920 13 AUCTIONS IHT THE IMPRESSIONIST and modern art week, which started last Monday with the sale organised by Habsburg, Feldman, and ended last Thursday with the last of Christie's sessions, will be remembered as a new landmark in art market history. To the public, the sheer
      IHT  -  920 words
    • Article
      Lock icon Swooning in the presence of great art
      608 13 STENDHAL SYNDROME NYT HERE'S a case from the files that is as good a starting point as any. Name: Lucy. Sex: Female. Age: 22. Occupation: Student. Nationality: Unspecified, but not Italian. Synopsis: Subject visited many churches in Florence. Was attracted in the Uffizi
      NYT  -  608 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      995 12 Where tu entertain... Where tv entertain... Where to entertain... Where to i Nasi Padang Monthn 1 in 1 I I i Ming Court Hotel i i I For the whole month of May, you can enjoy 'Nasi Padang at Ming Court Hotel. Prepared specially by our Muslim Chef, there will
      995 words
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      Page 12 Advertisements Column 2
      172 12 Borne Chance.. .a French Affaire at The Belvedere. V -'AV t -T -38 No less than 60 tempting French dishes! Appetisers are rich with oysters, stuffed trout, terrines of duckling and Charcuterie Lyonnaise. From the hot pots, try Cassoulet Toulouse. Dessert treats include Cold Lemon Souffle, Tarte Tatin and the
      172 words
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      222 13 r entertain.. I Be Wined And Dined At A Lodge In The Pamk. Hubertiu< Grill at Century Park Sheraton presents a Festival of Austrian cuisine, featuring many tempting specialities from May IS—2B. Choose from selections offered in our Businessman s Buffet Lunch at $27.50 per person or dine a la
      222 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      666 13 TO?CD-tia«CDG3a CRYPTIC PUZZLE ACROSS 1 Like a beast wrecking a ship (5) 6 Being pale, Hans maybe goes out East (5) 9 Something of consuming interest to father? (7) 10 Deal with as a special occasion (5) 11 Try to state anew? (5) 12 It puts you out, so to
      666 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1208 13 TV and RADIO Bombs away V f I 4 V i v <( CHOICE BARRACUDA, 10.35pm, Ch 5 A Sydney gangland chief suddenly finds himself and his family at the receiving end of what he usually does to other people blowing them up. A explosives-laden maniac is running around wreaking
      1,208 words
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  • SPORTS
    • Article, Illustration
      Lock icon Tway pips Zoeller for title
      313 14 GOLF AFP BOS TWAY birdied three of his final four holes in Dublin, Ohio, last Sunday to surge past Fuzzy Zoeller anc win the US$l.l million Memorial "ournament. Tway, who had not won since being named Player of the Year in 1968, shot a three-under-par
      AFP  -  313 words
    • Article
      Lock icon Rare victory for Briton
      180 14 AFP GORDON BRAND won his first European tour victory in 13 years as English golfers filled the first three places in the Belgian Open at Royal Waterloo last Sunday. The 33-year-old Brand completed his fourth successive sub-70 round by closing with a 69 for a 15-under-par
      AFP  -  180 words
    • Article, Illustration
      Lock icon Sabatini wavers before clinching Italian Open title
      435 14 TENNIS AP TOP-SEEDED Gabriela Sabatini squandered a 6-2, 5-3 lead but regained control midway in the third set to overcome Arantxa Sanchez and capture her second straight Italian Open women's tennis title in Rome last Sunday. Sabatini needed two hours and 40 minutes
      AP  -  435 words
    • Article
      Lock icon Berger bags first American title
      99 14 AP JAY BERGER won his first American title last Sunday, beating Lawson Duncan 6-4, 6-3 in the 79th US ciay court championships in South Carolina. Berger, seeded sixth, was more patient and made fewer errors than Duncan in a match between the pair, which was
      AP  -  99 words
    • Article
      Lock icon Botham crowns comeback with great showing
      138 14 CRICKET AP LAN BOTHAM has put himself in line for an England recall, hitting 42 to lead English county champion Worcestershire to a three-wicket victory last Sunday over the Australian tourists inside two days. The all-rounder crowned his comeback from injury by slamming a
      AP  -  138 words
    • Article
      Lock icon Unser burns rubber with new mark
      287 14 MOTOR RACING AP AL UNSER opened the raindelayed time trials for the Indianapolis 500, turning four consecutive record laps last Sunday on the way to an average of 359.631 kph, the fastest qualification in Indy-car history. Rookie Steve Butler, who had drawn the first
      AP  -  287 words
    • Article
      Lock icon Top riders boycott Italian GP over safety dispute
      241 14 MOTORCYCLING AP TOP RIDERS last Sunday boycotted the 500 cc race of the Italian motorcycling Grand Prix in Misano Adriatico in a dispute over track safety after a sudden rainstorm. Before the rain and controversies, Spanish riders won the 80cc and 250
      AP  -  241 words
    • Article
      Lock icon Lakers beat Sonics to win conference semi-final
      287 14 BASKETBALL UPI THE LOS ANGELES Lakers withstood the best the Seattle Supersonics could offer last Sunday and moved one step closer in defence of their NBA championship. The Lakers overcame a 29point second-period deficit to defeat the Supersonics 97-95 in Seattle to sweep
      UPI  -  287 words
    • Article, Illustration
      Lock icon Delgado wraps up Tour win
      247 14 CYCLING AP ALBERTO CAMARGO of Colombia won the next-to-last leg of the 44th cycling Tour of Spain last Sunday, while Pedro Delgado of Spain virtually clinched the gruelling 22-day race. Camargo won the 21st leg, a 188-km stretch from Villalba, with five peaks to climb,
      AP  -  247 words
    • Article
      Lock icon Lauritzen wins Trump title
      99 14 AFP DAG-OTTO LAURITZEN won the inaugural Tour de Trump last Sunday, thanks in part to a critical mistake by Eric Vanderaerden of Belgium, who had been rapidly closing the gap on the leader. Lauritzen finished the final 38-km time trial in Atlantic City, New Jersey, fourth
      AFP  -  99 words
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      447 14 IN THE MATTER OF THE COMPANIES ACT. CAP 50 ANO IN THE MATTER OF Wf SPORT SHIPPING ft FORWARDING PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of Wesport Shipping At ft Forwarding Pte Ltd duly convene of and held on 12 May 1989 at
      447 words
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      Page 14 Advertisements Column 2
      677 14 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF WESPORT FREIGHT SERVICES PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of Wesport Freight Services Pte Ltd duly convene and held on 12 May 1989 at 10.30 a.m. at 51 Anson
      677 words
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      Page 14 Advertisements Column 3
      551 14 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIPS' NAMES We, Thong Soon Navigation Pte Ltd. 1 Shenton Way #09-07 Robina House, Singapore 0106, hereby give notice that in consequence of our purchases of the hereunder-mentioned ships:— (1) MV 'LIN PETALING' (2) MV 'LIN PETALING ll' (3) MV 'LIN PETALING lII' We
      551 words
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      Page 14 Advertisements Column 4
      313 14 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME Notice Is hereby given that in consequence of the Intended change of name of a ship by our clients, Karl Shipping Co. Pte. Ltd.. we applied to the Director of Marine under Section 386 of the Merchant Shipping Act (Cap 179) in
      313 words
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      Page 14 Advertisements Column 5
      317 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MAIGEN CONSTRUCTION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extra-ordi-nary General Meeting of Members of MAIGEN CONSTRUCTION PTE LTD duly convened and held at No. 279 (Ist
      317 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      OCBC given green light to expand in Jakarta, LA
      513 15  -  By QUAK HIANG WHAI OCBC BANK, which reported a 29.2 per cent rise in total customer deposits last year, has been given the go-ahead to expand its operations in Jakarta and Los Angeles. In his annual statement, chairman Yong Pung How
      513 words
    • Article
      Haw Par to capitalise on trademarks when joint ventures expire
      489 15  -  By WILLIAM CHIA THE HAW PAR group intends to capitalise on the Tiger Balm and Kwan Loong trademarks after the expiry of its joint venture agreements with Jack Chia-MPH. In his maiden chairman address to Tiger Balm Ltd shareholders, Mr
      489 words
    • Article
      Shangri-La's appeal to govt for hotel extension turned down
      190 15 THE GOVERNMENT has turned down an appeal by Shangri-La Hotel against an earlier rejection for a proposed 400-room extension along Orange Grove Road. The hotel was informed by the Ministry of National Development on May 13, 1989 The proposed extension at
      190 words
    • Article
      Lock icon KLSE's semi-automated trading system starts smoothly
      204 15 Bernama THE much-talked-about Kuala Lumpur Stock Exchange's (KLSE) semi-auto-mated trading system, known as System on Computerised Order Routing and Execution (Score), finally kicked off smoothly when the share market opened for business yesterday. For a start, only counters under the finance sector began trading
      Bernama  -  204 words
    • Article, Illustration
      MMC wins case over loan from Kleinwort
      489 15  -  Writeback of £13.9 m will boost bottom line By ELAINE KOH MALAYSIA Mining Corporation Bhd should be able to write back £13.9 million ($44.48 million) before deducting legal expenses for the current year, after wrapping up a long-running case over a subsidiary's loan
      489 words
    • Article
      Lock icon MPHB wonders about Hume's next move
      422 15 Bernama MULTI-PURPOSE Holdings Bhd (MPHB) is wondering whether Hume Industries (M) Bhd will "sweeten" its offer to make it more attractive to MPHB shareholders in the light of Kamunting Corporation Bhd's latest proposal. MPHB executive chairman Chan Hua Eng said last night that "since
      Bernama  -  422 words
    • Article
      Lock icon KL remisiers want recognition as individual entities
      323 15 MBT MALAYSIA'S remisiers' association wants its members to be recognised as individual business entities attached to broking firms rather than as representatives of brokers. Persatuan Wakil Peniaga Saham Malaysia (Persama) president Abdul Karim bin Mohd Tahir told reporters after its 13th annual general
      MBT  -  323 words
    • Article
      COMPANY BRIEFS
      293 15 HOTEL PROPERTIES Lid has signed a letter of intent for Four Seasons Hotels Ltd to manage its new hotel to be built behind the Hilton Singapore. The letter of intent sets out a basis for discussion and negotiation in reaching an agreement but if no agreement is reached,
      293 words
    • SES
      • Article, Illustration
        ST index rises 10.33 points to a new post-Crash high
        1006 16  -  by HERMAN PHUA THE LOCAL MARKET began its third consecutive four-day week with the Straits Times Industrials Index closing at a new postCrash high, just failing to break past the psychological STII-1,300 barrier. The STII climbed 10.33 points to close
        1,006 words
      • Article
        Unit trusts
        365 16 Managers' prices OCBC-SIMBL Investment UOB Mana< aement Funds (NTA) tor May 16 Savers Capital Fund 0.99 103 Unilund I.IS US Aseon Fund 200 IMoi f Hi US$10 78 Savers Trust Fund 0.98 1.02 Unibond I 025 I 05 Donna Japan Fund IK toy III VI0.I77 Singapore Unit Trust
        365 words
      • Article
        COMPANY MEETINGS
        65 16 HOTEL NEGARA LTD: 21st AGM at the Registered Office, 15 Claymore Drive, Singapore 0922, tomorrow at noon. UNITED PULP ft PAPER CO LTD: 22nd AGM at the Conference Room, No 20 Liu Fang Road, Jurong Town, Singapore 2262, tomorrow at 11.00 am. PERLIS PLANTATIONS BHD: 20th AGM at
        65 words
    • Article
      SES SHARE INFORMATION-SES SHARE INFO
      6209 16 Tal Gr's Gr's 1989 Last Vol Day Last Quota Div Div Y'W Nat M Cap High Low Code Company Sale or(•000) High Law Buyer Salter C'vr PIE Smll MAY 15 SESDAQ 168 120 t 4000 Amtek Eng 20c 156 -1 3 157 156 156 157
      6,209 words
    • KLSE
      • Article, Illustration
        Lock icon Shares rebound on KLSE
        3559 17 MBT SHARE PRICES rebounded from last week's easier trend to close off-best on the Kuala Lumpur stock msrket yesterday in active trading. Brokers noted institutional interest in selected blue chips and higherpriced industrial counters, ss confirmed in the double-digit gains right from the opening bell. The
        MBT  -  3,559 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Alan Bond whittles down HK interests
        617 18 Reuter ALAN BOND'S house of mirrors, the Bond Centre, still carries his name in lights high into the skyline of Hongkong but his financial stake in the British colony has grown very thin on the ground. "We're here to stay," the Australian tycoon said
        Reuter  -  617 words
      • Article
        Lock icon Marubeni to set up joint prepaid card firm
        163 18 Reuter MARUBENI Corp will set up a joint company in Japan later this month to issue a pay-now, buy-later prepaid card with three Japanese supermarket chain operators. The trading house said in a statement yesterday that the new company, initially capitalised at
        Reuter  -  163 words
      • Article
        Lock icon TI and Acer in DRAM chips venture
        75 18 AFP TEXAS INSTRUMENTS (Tl) is taking part in a new joint venture with Taiwan's Acer Inc to produce advanced memory chips in Taiwan. Acer will own 74 per cent of the new company with Tl owning the rest. Construction of the joint venture's
        AFP  -  75 words
      • Article
        Lock icon W Germans win subway deal
        121 18 AFP A WEST GERMAN consortium has won a bid to supply equipment for a subway system in Shanghai, newspapers in Hongkong reported on Sunday. The consortium will supply carriages, electricity and control systems and a communications network to the first line of the underground urban
        AFP  -  121 words
      • Article
        Lock icon ANI calls for rejection of Conspress takeover offer
        194 18 Reuter ENGINEERING group Australian National Industries Ltd (ANI) has recommended that shareholders reject a US$l.4O per share takeover offer by Kerry Packer's Consolidated Press Securities Ltd. Acting chairman Howard Stack said in a letter with ANl's formal part 'D' response to the
        Reuter  -  194 words
      • Article, Illustration
        Lock icon Stocks lose ground
        599 18 Tokyo Reuter TOKYO share prices yesterday ended lower in the slowest trade this year with investors reluctant to buy as the dollar traded above 136 yen. But the Nikkei index rose from its lows after the sharp decline attracted bargainhunting by investment trusts in the afternoon. A
        Reuter  -  599 words
      • Article, Illustration
        Lock icon Market up sharply
        531 18 Australia Reuter AUSTRALIAN shares yesterday made their biggest one-day gain in more than a year, rising sharply by the close of floor trading. Despite a burst of late profit-taking, the All Ordinaries Index rose 29.7 points to 1,585.9 its highest level since November 4 last year. The
        Reuter  -  531 words
      • Article, Illustration
        Lock icon Hang Seng Index up 31 points
        1150 18 Hongkong Reuter CONCERN over continuing student unrest during Soviet President Gorbachev's visit to Beijing prevented Hongkong securities from holding on to morning gains, but blue chips still ended the day at another post-Crash closing high, brokers said. The Hang Seng Index cloeed 31.21 points
        Reuter  -  1,150 words
      • Article
        Lock icon Taipei: Broad gains
        423 18 Reuter TAIWAN share prices closed broadly higher yesterday as a powerful rally in the financial sector pushed the index to a sharply higher finish. The weighted index added 226.47 points, or 2.72 per cent to end at 8,524.89 from Saturday s 8,298.42 finish. Turnover jumped to NT597.58
        Reuter  -  423 words
      • Article
        Lock icon New Zealand: Higher
        144 18 Reuter THE NEW ZEALAND share market yesterday took its cue from firm major international markets to close higher after a moderate session. The Barclays Index rose 10.44 points to 1.992.38. 'The Dow (Dow Jones Index) was up 57 on Friday and that was the main reason," one
        Reuter  -  144 words
      • Article
        Lock icon Manila: 21-month high
        124 18 Reuter ACTIVE BUYING on Manila's stock market yesterday pushed up the main share average to a 21month high after commercial and industrial issues soared in heavy trade. The Manila Stock Exchange closed 11.85 points up at 1,095.20 points, the highest level since August 1987. it reflected a
        Reuter  -  124 words
      • Article
        Lock icon Bangkok: Index up
        165 18 Reuter THE Securities Exchange of Thailand Index rose 7.32 points to 522.67 yesterday on turnover of 15,982,202 shares worth 1,360.49 million baht. MAY 11 •AHT MAo Kham That Ayudhya invaatma 404 r* 98 unch undi Bangkok AgrcHnd Bangkok Bank. Bank Ot Ayudhya... 70.90 280 942 unch unch
        Reuter  -  165 words
      • Article
        Lock icon Seoul: Stocks plummet
        190 18 Reuter SEOUL'S composite stock index dropped below the 930 level yesterday on anxiety about a possible upeurge in radical activity. The index closed down 12.60 points at 927.06. Turnover reached new lows even by recent lacklustre standards at 166.5 billion won against 103.9 billion in Saturday's half
        Reuter  -  190 words
      • Article
        Lock icon Bombay: Fresh support
        81 18 Reuter SHARE PRICES on the Bombay exchange ended firm in thin turnover yesterday. with fresh support coming from other centres in the country, brokers said. They said Calcutta and Delhi dealers were the chief buyers while Bombay investors preferred to stay on the sidelines. "The up-country marketmen
        Reuter  -  81 words
    • INTERNATIONAL COMPANY NEWS
      • Article
        Lock icon Dramatic turnaround for the 'world's favourite airline'
        1120 19 Privatised 6A transforms image, service and financial results British airv^s NYT IN THE EARLY *****, state-owned British Airways pic was known for its service infamously so. One well-worn joke was that BA stood for "bloody awful". At London's Heathrow airport, British Airways supervisors
        NYT  -  1,120 words
      • Article
        Lock icon Investor group supports Pan Am bid for NWA
        341 19 Reuter AN INVESTOR QROUP comprising Prudential-Bache and the Airtie Group LP is willing to invest at least US$4OO million of equity in Pan Am Corp if Pan Am proceeds with its contemplated acquisition of NWA Inc, Pan Am said. Pan Am's chairman
        Reuter  -  341 words
      • Article
        Lock icon Wave of leveraged buyouts worries US business leaders
        505 19 Reuter THE RUSH of corporate mergers and buyouts financed with mountains of debt is dangerously weakening American industry, US business leaders warned on Saturday. Wrapping up a three-day retreat in Hot Springs, Virginia, the executives criticised takeover specialists for putting quick profits
        Reuter  -  505 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        296 19 Reuter LONDON: UK shares opened strongly yesterday, with Wall Street s 57-point closing gain last Friday prompting fol-low-through buying. But dealers said caution was starting to become evident ahead of a week packed with economic data. By 0635 GMT, the FTSE 100 was 13.2 points up at
        Reuter  -  296 words
      • Article
        Lock icon GE to close two US plants, cut 1,400 jobs
        294 19 Reuter GENERAL ELECTRIC Co will eliminate 1,400 jobs and close factories in Georgia and Maryland to consolidate electricrange manufacturing operations in its appliance division, the company said on Sunday. GE, the fifth largest US corporation based on 1988 revenues of U5549.4
        Reuter  -  294 words
      • Article
        Selected indices
        106 19 HONGKONG All Industrials Hongkong Index Monday 2.5912 Mondoy 2.***** Friday 2.546 2 Fri *>y 2.1680 Week ogo 2.5008 090 2.***** NEW YORK Hong Song Index Monday 3.***** Dow Jones Friday 3778.43 Friday 2.***** Week ago 3.***** Thundoy 2.382 88 Week ogo 2.381 96 TOKYO Standard Poors Nikkei Average
        106 words
      • Article, Illustration
        Lock icon Auction of RJR Nabisco units in Europe whetting appetites
        745 19 FT THE PROSPECT of owning a clutch of European brands, including Monster Munch, Crispy Tubes. Petit Cocurs and Ritz Crackers, was whetting corporate appetites throughout much of the world recently. The auction on May 9 by RJR Nabisco, the food group
        FT  -  745 words
    • LATE FILE
      • Article
        Lock icon Ex-premiers withdraw appeal
        55 20 AFP FORMER Malaysian premiers Tunku Abdul Rahman and Tun Hussein Onn yesterday told the Supreme Court that they were withdrawing an appeal against an earlier High Court ruling on their suit seeking a permanent injunction from the High Court to stop New Umno from recruiting members or
        AFP  -  55 words
      • Article
        Lock icon Mahathir leaves for US
        54 20 UPI MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohammad departed yesterday for the US on a two-week trip aimed at convincing American businessmen to invest more in Malaysia. Though American investment is already substantial, particularly in the petroleum and electronics sectors, trade and industry leaders are
        UPI  -  54 words
      • Article
        Lock icon Vietnam rejects Japanese role
        46 20 AFP VIETNAMESE Foreign Minister Nguyen Co Thach yesterday rejected any role for Japan in settling the Cambodian conflict, denouncing Tokyo as an "economic beast". But he praised Thailand and welcomed Bangkok's policy of turning Indochina into a market for its goods. AFP
        AFP  -  46 words
      • Article
        Lock icon American killed in Philippines
        44 20 Reuter UNKNOWN assailants shot dead an American former sea captain and his Filipina wife in the central Philippines at the weekend, it was reported yesterday. This was the second attack on an American national in less than a month. Reuter
        Reuter  -  44 words
      • Article
        Lock icon Korean exports to EC decline
        48 20 AFP THE SOUTH KOREAN Trade and Industry Ministry yesterday blamed import restrictions for a sharp quarterly drop in Seoul's commodity exports to the European Community. Commodity exports in the first quarter dipped 6.5 per cent from a year earlier to US$l.77 billion. AFP
        AFP  -  48 words
    • Article
      Lock icon Competitiveness vital, says Anwar
      377 20 Bernama MALAYSIAN Education Minister Anwar Ibrahim says the country's economic policy after 1990 should ensure that it has a competitive edge in international trade besides safeguarding the interests of Malays. The policy should ensure not only that Malays could compete with the other communities but also
      Bernama  -  377 words
    • Article, Illustration
      Lock icon Strong demand for platinum continues unabated
      387 20  -  JAPANESE MARKET RECORDS GREATEST SURGE By HONG LEE TIAM DEMAND FOR platinum overshot supply for the second straight year in 1988. This strong demand was fuelled by the heavy use of the metal by industry, jewellery and investors. Its demand surged by 10 per
      Source: Platinum 1989  -  387 words
    • Article
      Lock icon Ex-envoy sees smooth succession in Jakarta
      202 20 AFP SUCCESSION to President Suharto should proceed smoothly without disrupting Indonesia's political and economic stability, former US ambassador John Holdridge said in Jakarta yesterday. "Indonesia's institutions are strong. Indonesia will stand the test of time and there will be no problem if and when
      AFP  -  202 words
    • Article
      Lock icon Strike at Taiwanese textile plant causes alarm
      199 20 AFP A CONTROVERSIAL labour dispute in a major textile plant in Taipei has triggered alarm in the Taiwanese fabric industry, already struggling with an appreciating currency and rising interest rates. Far Eastern Textile Co Ltd has failed over three straight days to provide
      AFP  -  199 words
    • Article, Illustration
      Lock icon Menem wins Argentine polls
      328 20 AFP OPPOSITION CANDIDATE Carlos Saul Menem swept to victory in Argentine presidential elections, recapturing power for his Peronist party with a campaign that promised to save Argentina's beleaguered economy. Eduardo Angeloz, the 57-year-old candidate of the ruling Radical Civic Union, conceded defeat in the polls on
      AFP  -  328 words
    • Article
      Four areas of concern on Mendaki II to be presented
      542 20  -  By SHOEB KAGDA FOUR AREAS of concern have been highlighted in a working paper on the economic position of the Malay-Muslim community to be presented at a Congress on Mendaki II this weekend. The four areas capital formation, identification of
      542 words
    • Article
      Lock icon Soviet trade officials attend economic meeting in Taiwan
      327 20 AP TWO TRADE REPRESENTATIVES from the Soviet Union arrived in Taiwan on Sunday to attend an international economic meeting in the first visit by Soviet officials to the anti-communist island. Mr Yuri V Akhremenko and Mr Vladimir Ivanov are to attend the
      AP  -  327 words
    • Article
      Lock icon US deficit likely to have narrowed in March
      216 20 Reuter THE US TRADE DEFICIT had probably narrowed slightly in March from February s US$lO.5 billion in spite of a jump in oil imports, economists said yesterday. The March trade report, to be issued by the Commerce Department tomorrow, is likely to
      Reuter  -  216 words
    • Article
      Support vital for Mendaki II to succeed, say Malay-Muslim leaders
      235 20 UNQUALIFIED SUPPORT from both individuals and organisations within the Malay-Muslim community is vital if the proposed Mendaki II is to succeed in uplifting the status of the community. This is the message from three Malay-Muslim leaders in their address to
      235 words
    • Article
      Lock icon Takeshita may remain in office
      264 20 Reuter JAPANESE Prime Minister Noboru Takeshita may stay in office if his ruling party cannot find a suitable successor, analysts and an official said yesterday. Mr Takeshita said on April 26 that he would step down as a result of his links to the Recruit
      Reuter  -  264 words
    • Article
      Lock icon Comex gold
      87 20 Reuter COMEX GOLD FUTURES remained on the defensive early yesterday, losing ground on short-selling after last Friday's violent reaction to downbeat news that US inflation at the producer level was surprisingly small. June gold was off US$3.2O at U*****.70 an ounce. Analysts said the local trad- ers sold
      Reuter  -  87 words
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      Page 15 Advertisements Column 1
      326 15 LOST SHARE CERTIFICATES The following share certificates together with the relevant signed transfer deeds have been reported lost or destroyed:FAR EAST LEVINGSTON SHIPBUILDING LIMITED Certificate No. In the name of No. of Shares *****96 Yeo Lan Sit 1 x 1000 HONG FOK CORPORATION LIMITED *****07 Harbhajan Kaur d/o Ixlooo Arjan
      326 words
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      Page 15 Advertisements Column 2
      114 15 `)|$^&-}<!@&$]_~]'`}?/*"_]%];]' We cordially invite you and your friends to a free lecture titled "WHAT IT IS. AN INFORMATIVE LECTURE ON CHRISTIAN SCIENCE by W BRUCE FITZWATER, C.S.B. of Portland, Oregon, U.S.A. to be held at The Hilton Hotel (Orchard Road), Ballroom 2 on Tuesday, May 16 at Bpm Sponsored by
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      156 18 How fast can you startagain if these records are suddenly destroyed 4% r r "V Two months > Three months f Or a year The process of gathering lost information can be painful and tedious. Worse, if vital information cannot be retrieved and your business suffers as a result. All
      156 words
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      Page 18 Advertisements Column 2
      5 18 On target, CHARTPOINT Every Saturday
      5 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      15 19 Tha Amsterdam, Brussels, Frankfurt, Parla and Zurich stock markata wara doaad yaatarday for Whtt Monday.
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      Page 19 Advertisements Column 2
      450 19 Technology Mure Sank 6th Biennial Congress on Financial technology Applications June 6 8,1989, Westin Plaza Convention Centre, Singapore Automation of trade documentation procedures and the advent of Electronic Data Interchanges (EDIs) are the newest technologies now being introduced in the banking environment They will make a significant impact on the
      450 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      278 20 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitchens, elegant one or two bedroom suites right in the heart of Orchard Road. At The Ascott, we take pride in giving our clients their own home. A spacious, private living environment that offers the ultimate in luxury
      278 words
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      Page 20 Advertisements Column 2
      63 20 Tho silver report km not iviil■sl# at proM tfmo v -t f fl .v n" r r In> r y r h'i\\-?*z ,Jj-i 1 "ii- J L 'J. I' T gg| J LAI—*i; > 1 Scotts Road. *0501 Shaw Centre Singapore 0922 iWff Business Hours 11 30 am to 300
      63 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon NKK wins 18b yen order
        62 21 Reuter NKK CORP has received an 18 billion yen order from a Norwegian firm to build two gas carriers. NKK will deliver each ship, with maximum dead weights of 55,800 tonnes and 78,000 cubic metre tank capacities, by March 1991 and October 1991 respectively. Bergesen
        Reuter  -  62 words
      • Article
        Rumania seeks joint exploration
        97 21 A VISITING Rumanian delegation has expressed interest in cooperation with Malaysia's petroleum industry, Bernama news agency said. Foreign Minister Abu Hassan Omar met with the four parliamentarians and said Rumania was interested in joint oil exploration and downstream activities, Bernama reported. Mr Abu Hassan said he
        97 words
      • Article
        Lock icon North Korea builds special tanker
        83 21 AFP NORTH KOREA has launched an oil tanker built with native technology and materials, the Korean Central News Agency reported. The official agency said the tanker Kim Chaek was more peculiar in appearance and could run at higher speeds than other ships. The report did
        AFP  -  83 words
      • Article
        Strike at Chittagong
        80 21 A SIX-HOUR strike called to condemn the killing of a student activist paralysed the southern port city of Chittagong on Sunday. Armed activists of the Islami Chatra Shibir (ICS), the student arm of the right-wing Jamaat-e-lslami opposition party, had blocked major roads. All transport except rickshaws was
        80 words
      • Article
        Lock icon Oil slicks cleared up
        90 21 Reuter OIL SLICKS which coated beaches along the Red Sea in Saudi Arabia after an Indian tanker hit a reef have been cleared up, a Saudi official said. The official, quoted by the Saudi Press Agency, said efforts had led to "full treatment of pollution" from
        Reuter  -  90 words
    • Article
      Lock icon Stena appeals against US court order
      163 21 Reuter SWEDISH shipping concern Stena AB said its subsidiary Stana Finance had sought a speedy appeal against a US district court order which denied it a preliminary injunction against Sea Containers Ltd. A spokeswoman for Stena AB declined further comment. In March, Stena acquired
      Reuter  -  163 words
    • Article
      Index to advertisers
      831 21 ABC Contoinerline XI 5 Accord Shoo VIII 1/2 Arrow Unas XI 5 ANl III 1/2 A PC Una VII 5 API V 3-5 ASCI V 1 Austrosto Lin* VH 1 Bolt Canoda line IX 4/5 Bolt-Orient Line IX 4/5 Baltic Orient Shpg XI 4 Bangladesh Shpg VM
      831 words
    • Article
      "K" Line to call directly at PK and Penang
      468 21  -  By G DURAIRAJ KAWASAKI Kisen Kaisha, better known as "K" Line, has decided to call directly at Port Klang and Penang in its Far East-Straits (Jaseco) service. "K" Line said the decision to include the two Malaysian ports to its list
      468 words
    • Article
      Shanghai Hai Hua to start direct run to S'pore
      546 21  -  Line may extend service to Malaysia By JEAN FOONG SHANGHAI Hai Hua Shipping will launch a direct Singapore-Shang-hai service in the first week of June. The company, a subsidiary of Shanghai Harbour Bureau, may use Singapore "as a pivot point for
      546 words
    • Article
      Bangkok Port places new cranes under 24-hour security
      191 21  -  By RICHARD NG Writing for BT from Bangkok BANGKOK PORT officials suspect the port's six gantry cranes are being sabotage and have placed them under 24-hour security. According to the English-daily The Bangkok Port, a source said the cranes which were procured
      191 words
    • Article
      Lock icon ABP to develop 64 hectares of land within Cardiff Bay
      110 21 Reuter PORT OWNER and property developer Associated British Ports Holdings pic has reached agreement with Cardiff Bay Development Corp to develop 64 hectares of ABP's land within Cardiff Bay. A statement said ABP hoped 30,000 jobs would be created over
      Reuter  -  110 words
    • Article
      Lock icon PLM to buy more ships in Far East
      211 21 Seatrade Week JOHN HORNER, director of marine marketing for PLM International, is on his wsy to the Far East to buy some more vessels. The PLM trsnsportation pool already owns 30 vessels (bulkers and product tankers) and has allocated vast resources to
      Seatrade Week  -  211 words
    • Article, Illustration
      Gulf ports — renewed confidence
      1246 22  - Gulf ports renewed confidence The Iranian-Iraqi war has ended. It brought high hopes of dramatic transformation in the fortunes of many Gulf ports. However, trade has remained static over the last nine months with little growth for ports. This article from LLOYD'S MARITIME ASIA looks at the long-term outlook for
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      Lock icon Sharp increase in Nippon Express profits
      404 22 Cargonews Asia NIPPON EXPRESS, Japan's largest integrated transport company with some 45,000 employees, closed its 1988/89 fiscal year (ending March 31) with significant increases in sales and profits. According to the company's preliminary annual report, sales for the March 1989 term are expected to
      Cargonews Asia  -  404 words
    • Article
      Shipping events
      298 22 •Mf 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, Singapore
      298 words
    • Article
      Who acts for whom ...
      2329 22 Who acts for whom A B AB Shipping Boustead Shpg Agencies <S) ABBS Lin* SMS Pte Ltd (S)/Tunaa Setia (PK/KL) ABC Conlainerline NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Lin« (PK/PN) Ahrenki*l Lin*r Kim Shpg (S) Altrad C Toepter Ocaanus Shipping Agency (S)/Multiport Sdn Bhd (PK)
      2,329 words
    • Article
      Lock icon Tanker rates
      233 22 AFP ALTHOUGH spot chartering remained relatively quiet over the past week on the tanker market optimism was maintained by continuing buoyancy in the period sector, London brokers EA Gibson said in their latest market report VLCCs (very large crude carriers, 200,000 to 275,000 tonnes) experienced little change in
      AFP  -  233 words
    • Article
      Lock icon Iran to drill for oil in Caspian Sea
      251 22 Reuter IRAN has signed a contract tor a Finnish rig to drill tor oil in its sids of ths Caspian Ssa tor ths first time. Seismographic lasts 20 ysars ago revealed at Isast 29 big fields in ths Iranian part of the
      Reuter  -  251 words
    • Article
      Lock icon Valdez repair bill estimated to be US$30m
      309 23 Lloyd's List SHIPREPAIR experts now estimate that Exxon will have to spend at least US$3O million on restoring the 214,681 tonnes deadweight Exxon Valdez to full seaworthiness considerably above initial estimates. The 1966-built tanker, which went aground on March 24 in Prince William
      Lloyd's List  -  309 words
    • Article
      London Freights
      1061 23 THE DRY cargo freight market on Friday remained firm with the Baltic Freight Index jumping a further 21 points to another a fresh peak at 1,748 and futures rising to the highest level for the year. Attention again centred on the grain trade where rumours and counter-rumours circulated
      1,061 words
    • Article
      SHIPPING LIST where your ships are due...and when
      6154 30 AARHUS Ever Gallant. Evergreen. May 18 Japan Saa. Noreela Lina. May 17. Luna Maerak. Meersk Lin*. May 18. Banavon. Triot. May 18(PK). Villa da Neptune. CM O'Affretement. May 20. Ming Paaca. Yang Ming. May 20. Xing Ha, China Ocaan Shpg. May 21.
      6,154 words
    • Article
      SHIPS IN PORT
      1430 32 AT CONVENTIONAL WHARVES Java Br wo Or Sirichowovol PhMo il J2 A/dda A/uda MOV 0800 140V MOO J7/8 A/ddo 140V 1200 "mif Voy No Ban Ii Arrival Daparturt Surabaya II A/dda 140V Z» Tozan iV4 A/uda 140V 1200 S±W Astro Gold ill 140V 2100 21.0*0400 Hrv%i II
      1,430 words
    • Article
      Philippines to defend flag
      557 32  -  By AL O LABITA Jr, Writing for BT from Manila THE PHILIPPINES has shrugged off threats by the All-Japan Seamen's Union and the London-based International Transport Workers Federation to declare the country a flag of convenience (FoC) nation. "We have strong legal grounds to defend the
      557 words
  • Page 21 Advertisements
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      20 21 *°>c STP Distributors Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      20 words
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      Page 21 Advertisements Column 2
      141 21 'V ST sl- STP Distributors Happiness: Perhaps the most important result of letting NYK's integrated logistics services do the work. When you need truck, plane, train and ship in the right combination for global service, you have a choice. Either you spend your valuable time coordinating a dozen firms. Or
      141 words
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      Page 21 Advertisements Column 3
      116 21 Pitching for Gulf business PROSPECTS for Gulf ports have never looked brighter. However, trade has remained static over the last nine months with little growth for ports to get excited about PAGE II Exxon's $30m repair bill SHIPREPAIR experts now estimate that Exxon will have to spend at least US$3O
      116 words
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      45 22 I* 1300 DWT LCT SAILING FROM S'PORE TO OMAN (ARABIAN GULF) Accepting Full Cargo for Gulf or West Coast India suitable for project cargo or 54 containers 20 ft. Contact Captain NAGRANI *****66 Fax *****61 or C F Sharp Captain VAN LUYK *****22 Fax *****65.
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      Page 23 Advertisements Column 1
      1111 23 OOCL iA'Jicolftl Cj*«nlity H^oyvu• c JAROINE SNIPPING AGENCIES JOO Cantoo»r*o| Road #12 05 Soutfipo.nl (WW r<« *****11 Till* NO RS 241* TERMINAI/CFS TW J2C0218 no BOOKINGS Irt 8002J4 235 PI SAM JAROINE SNIPPING AGENCIES SON MtO PORT NEIANC Kl ****** TMu Na MAJJ477/WAJ97OI PENAN* Til (***** TIKX NO MA***** CIS
      1,111 words
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      Page 23 Advertisements Column 2
      813 23 MAERSK LINE This >MI Kwangtung Closing Tim« CY 22/5 0700 HRS CFS 21/5 2100 HRS DESTINATIONS Fmow by M Kobe 8 M Tauro m Thi* mli Kwangtung Closing Tim* CY 22/5 0700 HRS CFS 21/5 2100 MRS M 21/6 22/6 23/6 24/6 125* 2VB 28* 29* 30/6 1/7 2/7 2/7
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  • Page 24 Advertisements
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      704 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMEHHAVEN ROTTERDAM/ ANTWERP 6ENAVON TOKIO EXPRESS ■NIPPONCA OSAKA BAY TOLAGA BAY MEIDtLBERG EXPRESS ■MONTE ROSA ALASKA MARU ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MAIMO HELSINKI OSLO AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM
      704 words
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      Page 24 Advertisements Column 2
      465 24 V 23> COLUMBUS LINE REEDERE! GMBH A SERVICE Of MAMBURG-S(JD $4>*COWTAJ€P StfIVTCE tc (ASM-SOUTH PACIFIC JOINT COLUMBUS NIUGINI V6S TAYBANK VIOS SPORE 2S/5 Port Moresby. Lae, Rabaul. 7/6 Port Moresby. Lae. Rabaul. Kimbe Accepting LCL cargo tor main port* discharge and alio to Wewak, Kavieng, Kieta, Honiara via Transhipment Port
      465 words
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      Page 24 Advertisements Column 3
      916 24 TO EUROPE REGULAR INDEPENDENT FULL CONTAINER SERVICE (VIA FEEDER) JAPAN SEA 909-W NORASIA PEARL 8910-3 NORASIA PRINCESS 8911-3 NORTH SEA 912-W Anterp via Rotterdam Bremen via Hamburg TO MEDITERRANEAN/RED SEA PEN PKL SIN JAPAN SEA V909-W 16/5 17/5 17/5 NORASIA PEARL VB9lO-3 22/5 23/5 24/5 NORASIA PRINCESS 8911-3 1 6
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  • Page 25 Advertisements
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      1076 25 Steamers Maritime Holdings Ltd P&O "^Containers CONTAINER SERVICE TO UK CONTINENT STRAITS SHIPPING CONTAINERSHIP SERVICES TO/FROM BANGKOK SPORE BKOK PtCASUS PIONEER V3IN 17-11 May May MAJ SIF VQ2N 21 22 May ZJ-N May BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 SINGAPORE TO SABAH. SARAWAK AND BRUNEI Also Accepting Cargo Fof:
      1,076 words
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      Page 25 Advertisements Column 2
      904 25 T=r nun vmin iihic weekly express independent TANu LINC far east/europe fullt containerised service W'ji-irM EASTBOUND HANJIN OAKLAND 002W CHOVANC SUCCESS 003W HANJIN TONGHAE OUW HANJIN ROTTERDAM 003W Alto acccpting lor Inland UK dominations Antwerp and Scandinavian port*. FLOTA MERCANTE GR ANCOLOMBIAN A S A TRIDENT ARC OC-U7 25 May
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      Page 25 Advertisements Column 3
      142 25 EAST MALAYSIA SHIPPING ENT. (PTE) LTD 41-A AHOY STREET, S PORE 0108 TEL: 2Z***** (4 LINES) TELEX NO EMVES R*****9 SINGAPORE TO SARAWAK BRUNEI VESSEL VOY ETA ETD SRI LIKU 10/89 MIRI/K. BELAIT 23/5 24/5 Rtceivinf cargo at M 2 (PSA Marina Wharf) from Monday to Saturday (HUEINA WHARF OfFICE
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      Page 25 Advertisements Column 4
      374 25 Hai Sun Hup Co (Pte) Lu TEL *****06 (20 Line#) TLX R*****1 RS2CV: \STKKN \K 1.1M.K 1.1 l> stmits/ japar/ mum service SPECIALIST IN RO-RO HEAVY LIFT! VESSEL VOY NO. S'pore P. Kelang Penang SEKI NAGOYA 67 AMRTA V 3 11/6 Hong Kong Yokohama 29/6 Nagoya 24/6 Osaka Senboku Moji
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      539 26 IXSINOSE n MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINKS IRANIAN VICE IRAN MEEAD PJL69I Singapore Loading for Sid BANDAR ABBAS I**OWA\ KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSI KYOWA VIOLET V 25 KYOWA HIBISCUS V 37 HK LOAD FOR: 2/6 GUAM. SAIPAN. HRA. VILA. NMA. LTK. SVA, PAGO.
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      Page 26 Advertisements Column 2
      757 26 HANJIN SHIPPING CO., LTD. I: V TAtNERI-SED sfnvt i TO USA PACIFIC SOUTH WEST I TO EUROPE VIA SUEZ HANJIN OAKLAND OQ2W CHOTANC SUCCESS OOJW HANJIN TONCHAE OtlW HANJIN ROTTERDAM 003W lft6 TO FAR EAST PORTS S'pore leHavrt Rdon H burg B'haven F»tow« 21/5 7fi 8(6 i/6 11* U* 27/5
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      Page 26 Advertisements Column 3
      239 26 INTEROCEAN LINE 7®, 2nd Floor, Jolan 2/71, Tamsn T»»n Or ItnwN, *0000 KL. Toi: *****54, ******4, *****24 TLX. NO. MA-***** FAX: 03-7173*11 P*n«o« O* Tol: *****7. *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS v\ LIN LIN SHIPPING PTE. LTD. 1. MafUif* Read. *05 01 Central Building Singapore 010S I*l 533M14
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      Page 26 Advertisements Column 4
      898 26 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GARDEN to PI IMS 3M5 01/1 EVER GROWTH 2S/0S 26AS 31*5 31*5 (MM 07M 0)4 EVER GRAND Itfi K V-. 07M *>« 0»M 12M M EVER GREET 1206 13M 21 <* :s« 23M 26/06 21* EVER COLDEN >0t 20M »t* 30M
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      1074 27 s W PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES SURABAYA/SEMARANG I XINGANG VESSEL VOV SIN HKQ SEA DRAGON 17NB 3/6 9/6 SEA DRAGON 19NB 1/7 9/7 fBELAWAN/STRAITS QINGDAO VESSEL SEA QLORV SEA QLORV SEA GLORY VOV SIN BLW PEN PKL SIN •911
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      Page 27 Advertisements Column 2
      235 27 BEN LINE CONTAINERS TASMAN ASIA SHIPPING X ti j f l it] SIN MAIN LINE (Ts) HKG NOUMEA SUVA AKL 20/5 TA MARINER IS 5/6 1/7 4/7 9/6 TA VOYAGER 2S 2W It/7 a/6 TA NAVIGATOR 4S S/7 1/S 4/8 FROM NEW ZEALAND MAIM LINE AKL NAF TIM TCA NKG(TS)
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      Page 27 Advertisements Column 3
      462 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LL9YB P.T. 6ESURI LLOYD p.t. vmum mmmm p.t. thkom lloyi EXPRESS SEMI CBNTAINERSNIP SERVICES LH.UII, ii mi VSL/VOY S PORE ANTWERP H BURG/ RDAM/AOAM BREMEN SRIWIJAYA/26W8 2-5/6 5/7 9/7 S. PANJANG/22 WB 19-22/6 20.7 24 7 KUTAI/17WB I2U-1/7 30/7 4/S Sublet to
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      Page 27 Advertisements Column 4
      344 27 rage ▼u BOUSTEAD SHIPPING AGENCIES r* PAGAN VI4IW HTONEYWA V247W PA AN VI3M LOIKAW VI4CW MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok WTtUty mi Mty i 7/» mm am mm l-CONTAINER SERVICE SPORE ROAM HMBG HULL FORTHBANK V24N 17/5 15* i M IVYBANK
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      880 28 Kline KAWASAKI KlSliN KAISHA. LTD. N. AMERICA-ATLANTIC COAST OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH VOY *INDO 14 15/5 'PK/PNG SGP OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH VOY LB 13 8/4 •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH
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      Page 28 Advertisements Column 2
      371 28 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers M TULSIOAS *41 KALIOAS V 43 TULSIOAS V 42 KALIOAS ¥.44 TULSIOAS ¥.43 Trim* Im Smi P KaUng P«n*n| Losd«| lor By fMdar By I mot, 24 Mi, 24 May F ram IMb/Sydn, Adal 27 June 27 Jim Fram/Mafe/Sydn/Adal II My II July
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      Page 28 Advertisements Column 3
      437 28 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD S. Teto «n> Street Singapore not tu sum <u lines) f„ sosm aKra?sSiJ^2" ~ct GOLDEN HARVEST Cctorto/Karacfa/OMtai CHINA SERVICE Ml TUN SHAH StaflMiei S pore p. hi P«rt JWI May TONGNINC A VESSEL XING HE MM AN HE T* LI AO HE SW
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      Page 28 Advertisements Column 4
      563 28 rn*m.»■ •■mill PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD "07-12 AFRO ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX 225*^76 mm EAIT/FAi EAST FCI I LO. VESSEL jCTA SINGAPORE IOESTINATION ?SF tifrn n —mm m rnrr H KONG. KOBE. TOKYO, KEELUNG. KAONSiUNG. MANILA. BAMGKOT BIISAN JAKARTA rrn
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      874 29 NEPTUNE AGENCfS PTE. LTO. G«n*i*4 ooo*inm Bookings (mumws Ft (U/AUSr rPA/SfA 2/M/7 imru 2«01U 2rtoU6 2«oui ?noi4« Inward/ CFS Outward *****22 *****W 2/1/144 NEPLINE SDN BHD P Kriang K tumour Ptnang JMW *14©} UODif NEPTUNE < NAM i tWMu W®J5 2MMO «/M0 *****1 ClJtll 62/862 EXPORT IMPORT ■mmimmwU'T' j i
      874 words
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      Page 29 Advertisements Column 2
      233 29 JE CONTAINER LINE TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST 20/5 23/5 20/5 ft 23/5 20/5 t 23/5 16/5 20/5 lt/S ft 20/5 u/s a/5 is/s a. a/5 ht r* SRI LANKA/ INDIA COLOMBO BOMBAY MADRAS 20/5 A 26/5 16/5 ft 21/5 16/5
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      Page 29 Advertisements Column 3
      431 29 00* am HEUNG-A SHIPPING Korean Flag Vessels SEM-CON r A!NE& S£! *E»ANG PENANG ■< DiPEC" [eIU NG SEPV8U 3 A 'C NCHO' Vestal's Name ETC BS S PORE PKLC WE BUSAN MOJ OGLORIA/SOSN 10/05 22-23*5 20-21/05 3131/05 05-07/05 Ofctt •DRAC*ET/*SN 21/05 31-01/06 02-03/06 (HK) lt-17/K IMN NO DONAM/SOSN 27/05 ot-0M»
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      Page 29 Advertisements Column 4
      866 29 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 ***** PtNANG P KELANC MESSRS MAI THONG SKIPPING 127 P«n»rigStr«et. Pwanj, Malaysia M/S HANDLING SYSTEM CO SON BHD
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      403 30 SINGAPORE SHIPPING JOT CORPORATION (PTE.) LTD. rn Ift liHiirt IM I*.*) FAX //VM')/ KIM US n«8 A/H SSI.MA US IH'I A/H SSI.'AI) if DSR-LINES ,'EB ~s' "BOACwTSGEneEOEnE n 1 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE E. THAELMANN 4/89 T. WENDA 1W WILHELM PtECK
      403 words
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      Page 30 Advertisements Column 2
      48 30 T.S.K. LINE WEEKLY CONTAINE«IS6O SERVICE V*lfH fIXEC DAY ARRIVAi TSKLINE AGENCIES IS) PTE LTD TEL: *****68 NYK AGENCIES (M) SDN 6HD. TEL. K.L *****66 PKL *****15 PNG *****8 HINODE KISEN CO. LTD. SPECIALISE!) HEAVY LIFTERS AVAILABLE 4 MIDDLE EAST REGULAR LINER SINGAPORE SHIPPING CORPN (PTE) LTD TEL: 22SMM
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      168 30 n Regional Weather 4t i m p i S*< i Va K M ti 2t 6 £•1* 100£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO Ait M«y It. 1989 c a Wind deection with Siie*d n knots Wove height LEGEND R n Temperature Thond«n«orm Weather Wind ejection with speed ei
      168 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1768 31 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 IRAQI LINE 'MO S'iff maniT'nf transpo* EAST BOUND SERVICE ETA S PORE LOADING FOR MV SINDBAD 25/5 S. Korea, Japan B/l» to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA A BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING CONTAINERS/CONVENTIONAL
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      Page 31 Advertisements Column 2
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