The Business Times, 27 February 1990

Microfilm: NL16948
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 170/12/89 TUESDAY, FEBRUARY 27, 1990 75 CENTS
    11 words
  • FINANCIAL MARKETS SUMMARY
    • Article
      Lock icon Dow up
      36 1 AFP PRICES of leading Wall Street shares opened higher yesterday, with the Dow Jones industrial average up 5.40 points to 2,569.59 five minutes into the session. Last Friday, the Dow closed 10.58 points down.
      AFP  -  36 words
    • Article
      Lock icon Footsie down
      52 1 AP LONDON shares were lower at midday yesterday but well above their worst levels as light bargain-hunting in selected stocks countered the pressure of yet another plunge in Tokyo. At 1215 GMT, the Financial Times-Stock Exchange 100-share index was down 7.8 points, or 0.3 per cent, at 2,228.9
      AP  -  52 words
    • Article
      Stock indices 910C91 InylCvl
      45 1 Monday ST Industrials Index 1,506.56 (-42.41) BT-MGA Index 761.36 (-19.9) NST Industrial Index 2,957.00 (-97.15 HK Hang Seng Index 2,872.63 (-21.68 Tokyo NMdtei Average 33,321.87 (-1,569.1) Sydney All-Ordlnarlos 1,545.6 (-35.4) Friday Now York (Dow Jones) 2,564.19(-10.58 London (FT 30 Index) 1762.3<-27.5
      45 words
    • Article
      Exchange rates
      12 1 US$l 148.55 yen 1.6855 DM S$ 1.8655 U551.6980 Ms. 550.6894
      12 words
    • Article
      Simex
      17 1 Euro-$ (AAar) 91.65 DM (Mar) 0.5934 Yon (AAar) 0.*****7 Pound (AAar) 1.6902 Nikkei Index (Mar) 33,485
      17 words
    • Article
      Gold prices
      11 1 S'pare (buyer's quote) U*****.75 (-2.15) London (AAomktg fix U*****.75(-2.15
      11 words
    • Article
      Rubber
      11 1 S'pore March 158 JO cents/kg (unch M'sia March 229.00AActs/kg (-0.50
      11 words
    • Article
      KL Tin
      8 1 16.84 AA$/kg 0.35) Tumoven 1 26(-6
      8 words
    • Article
      CPO futures
      14 1 Tumoveri 429 lots(-652 AAar Ms66B/tome 2 Apr AA$6B2/tome 5 May Ms6BB/tome 2
      14 words
    • Article
      Prime lending rate
      10 1 6.69 (average of 12 major banks' Plfts)
      10 words
    • Article
      Money market
      19 1 THE overnight rate on the Singapore money market dropped by 2 points at 3-1/4 per cent yesterday.
      19 words
  • Article, Illustration
    Tokyo's 1569-point fall sends Asian markets reeling
    522 1  -  By LIM MUI KHI THE TOKYO stock market's second biggest one-day plunge yesterday sent regional markets stumbling in its wake and left anxious Pacific investors' eyes on New York. How Wall Street reacted to Tokyo's hectic plunge will help set the pattern for
    522 words
  • Article
    Bank of Japan acts to check yen's fall
    246 1 AS TOKYO share prices plunged, the US dollar yesterday soared to 149 yen the first time it has hit this level since June last year. But heavy intervention by the Bank of Japan in the Tokyo market led to the dollar finishing
    246 words
  • Article
    Gold may lose another US$2O
    209 1 MASSIVE JAPANESE SALES of gold to cover losses in the stock markets, fears of worldwide interest rate rises and a strong US dollar have depressed gold prices in the past two weeks. Spot gold has lost more than US$lO since Feb 12 to hover just
    209 words
  • Article
    Lock icon M'sian GDP growth rate up at B.spc
    600 1 BUOYANT DEMAND JACKS UP IMPORTS IN THIRD QUARTER Bernama THE MALAYSIAN ECONOMY rallied strongly in the third quarter of 1989 with real gross domestic product growing at an annual rate of 8.5 per cent, against 7.4 per cent in the second quarter and
    Bernama  -  600 words
  • Article
    Vehicle quota system takes effect from May
    798 1  -  INTERIM INCREASE IN REGISTRATION FEES TO BE REMOVED By YONG POW ANG BUYERS of all vehicles other than scheduled buses and school buses will from May 1 first have to tender for a certificate of entitlement. They must, within six months, register a
    798 words
  • Article
    Highlights of vehicle quota system
    263 1 Quota system applies to all types of vehicles, except public buses and school buses from May 1. Permit for entitlement is good for 10 years, beginning with the registration of the vehicle. A rebate will be given if a vehicle registered through the quota system
    263 words
  • Article
    Budget: Businessmen want competitive edge to stay
    212 1 MAINTAIN our competitive edge that in a line sums up the sentiments behind what the various business sectors hope to see fished out of Finance Minister Richard Hu's Budget bag. From manufacturer to mariner, financier to freight forwarder, all expressed a desire that
    212 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      146 1 Nikon The World's Finest Photographic System. the start, would be surprised by the quiet elegance. And be impressed by the attentive, discreet service. Perfect when you're trying to clinch an important deal over lunch. you'll delight in the I chic continental ambience. totally unexpected yet seems so right (or a
      146 words
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      Page 1 Advertisements Column 2
      254 1 Full report, PAGC 18 Outlook lor Singapore market remains bright, PAGE Focus, PAGE 18 Business Times A NEW LOOK for the '90s. A fresh approach to the packaging of news and views, facts and figures for Singapore's business community. An ever more relevant and reader-friendly Business Times. A bigger, better,
      254 words
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      Page 1 Advertisements Column 3
      40 1 Nikon The World s Finest Pbotograpnic System Bylww wtah Mat. PME 9 Cartier mu/t" d? Ca/iier Boutique/ SINGAPORE #01 -36. Lucky Raza. 304 Orchid Road Tel: *****27 #01 -04, The Shopping Qalery. Hilton International Singapore. 581. Orcha-d Road Tel: *****95
      40 words
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  • HOME NEWS
    • Article
      ARF/PARF to be cut after quota takes effect
      406 2  -  YESTERDAY IN PARLIAMENT By YONG POW ANG THE GOVERNMENT will reduce the ARF/PARF (additional registration fee and preferential additional registration fee) or import duty rates, or both, after the quota system is in place. The Minister for Communications and Information. Dr Yeo
      406 words
    • Article
      50,000 certificates of entitlement in first year
      336 2 FIFTY THOUSAND certificates of entitlement will be on offer in the first year of the quota system. Of these, 22,000 will be for a net increase in the vehicle population while the rest will be to replace scrapped vehicles. The first tender in
      336 words
    • Article
      Views on Religious Harmony Bill
      69 2 PARLIAMENT is inviting the public to express their views on the Religious Harmony Bill by sending written representations to the Select Comrrvttee formed to study the proposed legislation. Representations can be in English, Chinese, Malay, or Tamil, and should be addressed to the Clerk of
      69 words
    • Article, Illustration
      BUYING A NEW CAR
      137 2 Car* 1000 cc 1001- 1001- 2001* Motor- Private Open Totals 4 below 1600 cc 2000 ce 4abov« cycles buses, category wmw, vans etc Number of vehicles in December 1989, 50,7744. 3,9723 184,654 3,4521 10,911 120,004 117,931 excluding public buses, school buses May 1—July 31,1990 548 2,546
      137 words
    • Article
      For your eyes only
      91 2 THE MINISTRY of Health will Introduce legislation to allow only qualified persons to preecribe and fit contact lenses. From 1005. only persons who have recognised training as optometrists or who have succeesfully completed s certificate course in contact lens practice at the Singapore Polytechnic will be
      91 words
    • Article
      Hyatt's suite tooth
      102 2 HYATT REGENCY Singapore will spend $70 million to re-position itsslf as a deluxe hotel, which is 40 per cent or $20 million more than originally estimated, due to higher material and labour cost*. The hotel started turning its main tower's 771 rooms into 431 suites last year,
      102 words
    • Article, Illustration
      NZ High Commission selling prime property
      271 2 YET ANOTHER EMBASSY it putting prim* residential property up for public bidding. The New Zeeiand High Commission has Joined the circle of embassies hoping to cash in on the property boom. Over the peat year, there were about eight piecee of roeldontial properties put
      271 words
    • Article
      Call lor upper limit on CPF savings
      213 2 A MEMBER of Parliament has propoaad that an uppar limit be set on total Central Provident Fund savings, beyond which lower contribution raise would apply. in view of growing clamour lor greater use of the funds. Writing in the lateet ieeue of Potir,
      213 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      201 2 \'V V i Wi® V-' .V' V-' X V V- V■' r j. „5 !.y a QOOD NEWS FASTI. 1 :l; y.■ i" V aC> I v. V y'v'• VV >)"■ V- .-V. •V- f It' i f 'T 1 v. "v'W .V-. v '.'.7 v <■ ■'A r "j;..
      201 words
    • Advertisement
      Page 2 Advertisements Column 2
      74 2 NGEE ANN CITY Chesterton International are pleased to announce their appointment by NGEE ANN DEVELOPMENT PTE LTD as SOLE LEASING AGENT for their office space within the NGEE ANN CITY development. The office space comprises approximately 34,000 square metres in twin towers above the retail podium. The entire development is
      74 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      171 2 3yEATOfl^% Qlobsl temperetures tor Feb 27 City MSB/ Moto OUTLOOK: Fair sad 1 "F Rvpen igr iwv pw m 7M*m Abwiiw 06/-1 lowri Amewdem 07/04 loin n Auckland 23/17 Windy «M Mhg 02/-7 Sunny It^ Ihwdiighuni 06/02 lata Imml 31/23 Pair IfMMh 09/03 lata V 0 CO9 o 'i* 4
      171 words
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  • PRE-BUDGET FOCUS
    • Article, Illustration
      Make it less of a strain to train
      286 3 LABOUR TRAINING INCENTIVES would be a welcome boost to employers, who are faced with the need to capture scarce workers amid rising business costs. "In view of the tight labour market, some measure for retaining workers and upgrading the skills of older
      286 words
    • Article
      'Unrealistic' to keep personal reliefs so low
      186 3 PERSONAL INCOME WHILE HOPING that personal income tax rates will follow the downward trend of corporate rates, many individuals zoomed in on what they perceived as inordinately low personal reliefs. Company director K T Chong, for example, said it was unrealistic to keep
      186 words
    • Article
      Builders resigned to end of rebate
      378 3 PROPERTY CONSTRUCTION THE PROPERTY SECTOR, while hoping for an extension of the property tax rebate, is generally resigned to an end to the concession this June. Building contractors are hoping that the Budget will give ample warning of statutory increases which would further inflate
      378 words
    • Article, Illustration
      Painless, please, and lower costs
      686 3 Businessmen tell BT what they hope to see in Budget 1990 TOP ON THE LIST of whst businessmen hope to see in this year's Budget is s further modest reduction in the corporste tax rate down from 32 to 30 per cent perhaps in line
      686 words
    • Article
      Retailers take wait-and-see stance on consumption tax
      203 3 RETAIL TRADE RETAILERS are generally taking a wait-and-see stance towards a possible consumption tax this year. The shadow of a sales or value-added tax has hung over the industry for the past couple of years. Last year, Finance Minister Or Richard Hu took
      203 words
    • Article
      Scrap withholding tax: shipowners
      233 3 SHIPPING TRANSPORT SHIPOWNERS say it would be nice to got rid of the withholding tax on payment of charter hire of foreign-registered ship*. They point out that they charter foreign tonnage not because they want to, but because their own tonnage may not be available at
      233 words
    • Article
      Call to scrap 3.2 pc tax on unit trusts
      268 3 BANKING FINANCE FINANCIERS want the government to booet the fund management industry, the capital market and the offshore insurance business. Many commercial and merchant bankers are hoping the government will scrap the effective tax rate of 3.2 per cent for unit
      268 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      140 3 I I mmmm mmm mm^ THE SSS RETURNS. INTRODUCING THE NEW BLUEBIRD HARDTOP SSS-X. 16-valve, twincam, 13% engine From the late Sixties to the mid-Seventies, the legendary Bluebird Bluebird Hardtop SSS-X. Equipped with one of the most powerful Electromcjuel injection ggg j ominatec i mot oring scene in Singapore and
      140 words
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  • REGIONAL BUSINESS & POLITICS
    • Article
      Unions deliver ultimatum to Thai government
      422 4 'Drop privatisation plans or we go on strike' A POWERFUL GROUP of 26 Thai stat« enterprise labour unions has threatened to call simultaneous strikes at their state firma unlees the government drope its plana to privatise their operations by the end of this month,
      422 words
    • Article, Illustration
      Lock icon Paris gives Hanoi US$ 8m aid with pledge to boost economic ties
      332 4 AP FRANCE has announced a grant of 45 million franca (US$B million) to Vietnam and plans to significantly expand economic ties, their foreign ministers said in a Joint communique issued over the weekend. Roland Dumas of France and
      AP  -  332 words
    • Article
      HRH to open two more hotels in Thailand
      419 4 HRH HOLDINGS LTD, owner of the Holiday Inn Bangkok, is poised to simultaneously open two more hotels in Chiang Mai and Pattaya, which will require an inveetment of about 1,500 million baht, the Bangkok Post reported on Saturday. The inveetment plan was
      419 words
    • Article
      Lock icon UN forecasts 2m Vietnamese jobless this year
      175 4 AP UNEMPLOYMENT in Vietnam is expected to double to two million people this year in the wake of economic reetructuring and damobilisation of soldiers, ssaording to a United Nationa prees releaaa. A recent fact-finding miaaion from the UN International Labour Organisation said that
      AP  -  175 words
    • Article
      Jetro expects to draw projects worth M$ 320m
      145 4 THE JAPAN External Trade Organisation (Jetro) expects to draw between eight and 10 inveetment projects worth a total of about Ms32o million thie year under its Jetro Overseas Inveetment (Join) scheme. Though this waa more than six times the total inveetment of
      145 words
    • Article
      Malaysia needs cold rolling steel facility: Marubeni exec
      525 4 MALAYSIA RMdi a cold rolling steel facility to supply manufacturing Industries being sst up by ths Japaneae. South Koreana and Tatwaneee, said Marubeni's steel division manager In Kuala Lumpur. Mr Yoahio Hamana said. "The surge In damand tor flat products such ss
      525 words
    • Article
      Lock icon M'sian East Coast must do more to lure Japanese investors: Jetro
      427 4 MBT KEY JAPANESE industries on the West Coast of Malaysia ars already planning for their expansion and It looks like the East Coast states stand a good chance of benefiting from the manufacturers' desire to secape the preeent congestion
      MBT  -  427 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1124 4 ARRIVALS Operator S«rvte> Locol From numb* ttaw GU OA 990 00)5 CGK JAL J1711 0040 TtO SU SOOU 0115 LAX/NIT UAL UA801 0120 SPO/HKG UAL UA097 0125 LAX/HtT KAL KE697 0220 S& NCA KZ205 0240 MtT JAL JU17 0300 TYO SiA S0409 0550 MAA SIA SQ029 0705
      1,124 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      374 4 YOU DON'T H/J/E TO BE AGENIUS TO FIGURE HHiMi OUT THAT A 386sXSYSTEM^^^i|^pATA286pRICE Yes, that's true. All these features and more are After all,the next best thing to getting TT' I 'I""* A 4 —> ap I V t dad a personal computer at budget price is to V/LJ 1
      374 words
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      Page 4 Advertisements Column 2
      24 4 NEW YORK mmm following d*y. Call yomr trrutl ftni or Atr Csnadd at ***** fJ. A Breath Of Fresh Air VJV r Air Canada
      24 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      251 5 Our residential team homes in on the best deals around. Homing in on the best deals requires extensive research resource and experience They are all prime residential properties that the trained eye of an expert. And that we can draw on to achieve our astonish- demand nothing short of the
      251 words
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  • WORLD BUSINESS & POLITICS
    • Article
      Lock icon Japan out to disprove Tokyo's image as too pricey for tourists
      572 6 Comparative survey of major cities cited AFP JAPAN'S government is out to disprove the myth that s holiday in Tokyo costs sn arm and a teg snd says that an equivalent trip to London, New York, Frankfurt or Paris
      AFP  -  572 words
    • Article
      Lock icon Isn't the salaryman fiddling while Japan burns?
      417 6 AFP JUST WHEN the government thought it was getting the Japanese workforce to relax, fears are emerging that stressed-out office workers may lead Japan inter s fall-of-Aome syndrome. The "salarymen", as they are known, put in superhuman work hours and are neglecting their
      AFP  -  417 words
    • Article
      Lock icon US biotech firm sells 20pc stake to Japanese company
      336 6 Reuter A SMALL AMERICAN biotechnology company which maku products deeigned to treat and dlegnoee cartain typaa of cancar and AIOS-reiat-ad diaaaaaa said yaatarday it had •old 20 par cant of its eharee to a Japanaaa firm. Tha privately-held I DEC Pharmaceuticals
      Reuter  -  336 words
    • Article, Illustration
      Lock icon Slower growth, no recession likely: White House adviser
      259 6 Reuter WHITE HOUSE economic advisor Michael Boekin Mid although the US economy was in a period of slow growth, it waa unlikely it would alip into receeaion. "It'a very unlikely that we'll have one (receeaion)." Mr Boekin •aid in an interview with
      Reuter  -  259 words
    • Article
      Lock icon US machine tool orders down in January
      275 6 Reuter JANUARY US MACHINE TOOL orders fell 14.4 per cent to U*****.90 million from a year earlier and fell 4.2 per cent from December's U*****.30 million, the National Machine Tool Builders' Association said. In ita monthly statistical report the trade aaaociation said total
      Reuter  -  275 words
    • Article
      Lock icon Taiwanese pump US$l b into China despite ban
      391 6 AFP TAIWANEBE ENTREPRENEURS have invested more then UBsl billion in Chine over the yeers in defiance of a government ben, the Chunghwe Institution lor Economic Research Mid in Taipei yeslerdsy. About two-thirds of the invest ment was mede in the south sestern
      AFP  -  391 words
    • Article
      Lock icon Chinese leaders go back to mingling with the masses
      273 6 AP LAST YEAR the Communist Party's coddled officials wars deprived of 10-coursa banquets and chauffeured Mercedes. Now they are being wrenched from their offices and told to mingle with the maeeee. Party image makers, seeking to shield Cbineee communism from the
      AP  -  273 words
    • Article
      Lock icon Euro-parliament pressing for more research funds
      311 7 Reuter THE EUROPEAN PARLIAMENT, in a new test of strength with member governments, was expected to send a delegstion yesterday to prsss EC ministers for more research funds, but diplomats say the group will go away empty-handed. "The parliament is in an extremely combative
      Reuter  -  311 words
    • Article
      Lock icon Japanese threat caused Volvo-Renault link
      215 7 Reuter FRENCH Industry Minister Roger Fauroux said the threat of Japanese competition pushed France's Renault and Sweden's Volvo carmakers to forge a link. "If we don't want the French and European automobile markets to be damaged, as happened in the United Statea, alliances are necessary."
      Reuter  -  215 words
    • Article
      Lock icon New fighter jet to boest radical design
      316 7 AP UNCONVENTIONAL airplane designer Burt Rutan, whose Voyager flew around the world without refuelling, has built a new combat jet that flies in the face of the high-tech, high-coet aviation design ethic. The first test model of the new plane, named Ares, was
      AP  -  316 words
    • Article
      Lock icon Nigeria urging France to keep its stake in Africa
      343 7 Reuter NIGERIAN President Ibrahim Babangida set out yesterday to try and convince major partner France that Africa ia atiil a profitable zone that ahould not be abandoned in favour of investment in Eaatern Europe. A week before the viait of the
      Reuter  -  343 words
    • Article
      Lock icon Britain likely to avoid a full-blown recession
      593 7 No marked drop in interest rates: London Business School Reuter THE British economy will avoid a full-blown racaaaion this year, tha London Buainaaa School (LBS) predicted in its lateet economic forecast, but UK interest ratea, now at 15 per cent, will not fall
      Reuter  -  593 words
    • Article
      Lock icon Venezuelan cabinet ratifies decree to cut tariffs
      221 7 Reuter VENEZUELA's economic cabinet haa ratified a decree to cut the maximum tariff rate to 50 per cent next month from ita current celling of 00 per cent Planning Miniater Miguel Rodriguez aaid. "Decree 239 waa ratified and from next month a reduction
      Reuter  -  221 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      382 6 "We'd like to buy the chef a drink. What do you suggest?" I asked. "A large wallet sir/'replied the waiter. It goes without upon his return, the waiter saying that good Cantonese brought over chairs and food should six drinks. eye as So naturally Cantonese chefs 7 extremely large and
      382 words
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      Page 6 Advertisements Column 2
      30 6 ViewbS& cocktails: 4pm 7pm Aiwon Sate: 7peh~9pm Auctkxdters: Cheong Kaon Smg (CKS) fs V '.>** l'#»W»nonn Valuers Pte Ltd J mi L Showroom: #03-8B MTIh Qty Shopping Cantrt Tat: *****35/338 8468
      30 words
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      43 7 Doonesbury BY garry trudeau >#?.7SUW>«4S7WS I IMNA-SAeHBATSAL fOt M TRULY SOKKt THtNeS I vew M&2Y pueuc not meotz years, she ujas opntt turn out perwß.i I mr.tfumr TteeesrpiAsnc I AT ALMJA/S TWO STEPS BEHINP MEAN.WEMKXKEPON MHATPOWU SUR6EONSJN CHANGEPKXJRFEEIr ALL- ME UJHENEUEKI NEEDED A
      43 words
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  • PERSPECTIVE
    • Article
      Bringing great worth to mind
      489 8 A MIND, especially a young one, is a sad thing to waste. The Vocational and Industrial Training Board recently reported that one-sixth to onefifth of Singapore's O level cohort every year leave school for the job market without a skill in the trades, or a
      489 words
    • Article
      Three eastern states in a sleepy state
      1062 8  -  The US may be in the middle of its ninth year of expansion, but a slow growth in economy has badly hit three eastern states New York, New Jersey and Connecticut RICHARD LEVINE of The New York Times examines how poorly the state
      1,062 words
    • REGIONAL VIEWPOINTS
      • Article
        Lock icon End of an economic era?
        451 8 JAPAN Asahi, Feb 22 SHOULD THE Liberal Democrats win the gaoaral •tactions, paopta wara saying, slock prices would riaa. In midweek, howavar, stock prices fluctuatad widaly on tha Tokyo Slock Exchange. Excaadingly graat is tha impact of tha Tokyo Stock Exchanga. which haa davalopad Into
        Asahi, Feb 22  -  451 words
      • Article
        Lock icon After the polls
        174 8 INDONESIA The Jakarta Post, Feb THE REBULTB of Japan's national aloctiooi... show how conaorvativo Japan's sladorats basically is. Naaarthalaaa, Ilia additional numbar of saals gainad by tha JBP undar tha laadarship of Us forcaful chairwoman. Tsfcako Do I, la quits an achiavamant Obviously It Is In our
        The Jakarta Post, Feb  -  174 words
      • Article
        Tackling drug money-laundering
        158 8  -  MALAYSIA The New Straits Times, Feb THERE ARE encouraging signs thai more and wwf> countries are cooperating with each other on a bilateral or nuiltllalsial basis to the problem. A start has been marts to act against drug money laundering and to seize Vie profits and as*
        158 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      251 8 r > *<r i *L r £&•t ilM 1 S f J -J'i •®T 'v.Y-*'" *>*- r; C- ;<• i i 2t r* i < \f f *<*» '4 4 t v 3>fr-" < K m Z ■> *i t vL-vt?' r«. >-' :<v«* r ■y V-r T. i r
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  • Page 8 Miscellaneous
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  • COMPANIES & MARKETS
    • Article, Illustration
      Brunei royal family relinquishes five-year control of QAF Ltd
      564 9  -  Sultan's brother sells 16 million shares By ROSIE TAN FOOOBASED QAF Ltd's fiveyear control by the Brunei royal family haa ended with the lateat aale of QAF aharea by founding member Prince Mohamad Bolklah, brother of the Sultan of Brunei. Announcing
      564 words
    • Article, Illustration
      FELS reports $23.2 m profit after tax for 1989
      504 9  -  By ELAINE KOH RIQ BUILDER Far East Levlngston Shipbuilding has turned in an sfter-tax profit of $23.20 million for 1908, a 35 par cant incraasa from tha previous year's $17.18 million. This was achieved on a turnover of $200.82 million, from
      504 words
    • Article
      Sime S'pore starts trading on SES today
      251 9 SIME SINGAPORE Ltd starts trading today on tha Stock Exchange of Singapore under the "Induatrial and Commercial" sector of the first trading section. In a statement yeaterday, the stock exchange said trading in Sime Singapore'a "ordinary aharee at 10.25 will commence with effect
      251 words
    • Article
      LATEST RESULTS
      102 9 imoAPUfu nw nun socMy LM: Group operating profit after tax of 1.43 m (slm) on operating Income of $8.25 m ($7.51 m) for tha aix month# ended Dac 31, 1609. EPS work out to 5.6 canta (3.9 canta). No Interim dividand announcad. Director# aay they axpact results for
      102 words
    • Article
      Lock icon MAS to raise US$ 670m for fleet expansion
      191 9 Reuter MALAYSIAN Airline System Bhd is planning to ralae •bout US$67O million by next year to (Inane* some of tho airliner purchases already detailed In its fleet expansion programme. MAS planned to raise US$6OO million to buy 10 737-4008 and six 737-SOOs
      Reuter  -  191 words
    • Article
      COMPANY BRIEFS
      322 9 DM BANK has changed the nama of Ita whollyownad subsidiary General Investment Management Ltd to DBS Asset Management Ltd. United Overeees Bank said the number of the company's warrants 1969/94 which are beneficially owned or controlled by foreign persons has reached 20 per cent of the total number
      322 words
    • Article
      Lock icon Outlook for Singapore market remains bright, say brokers
      652 9 Reuter THE SINGAPORE stock market. Ilk* others around Asia, felt the shockwaves of a aharp (all in Tokyo yesterday but brokers say the outlook la still bright. The market took a roller-coaster ride in tandem with Tokyo yesterday. The Straits Timee Industrials
      Reuter  -  652 words
    • Article
      BATS group pre-tax profits almost double to $22.4 m
      463 9  -  ey CONRAD RAJ BRITISH American Tobacco Company (Singapore) Lid continued to make good atrklee in turnover and profits for the year ended December 1960, despite an increeaingly hoetile environment Group after-tax profits before extraordinary items almost doubled to $22.39 million from
      463 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      92 9 32 Randan Road, Singapore "Known as Ming Village" i 1 —i—^ j Premises with showroom, plant, machinery, equipment and facilities foe the manufacture and sale of porcelain, pottery, handicraft works etc. together wtih existing stocks, raw materials etc. Leasehold from Jurong Town Corporation for 30 years 30 years w.e.f. Ist
      92 words
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      Page 9 Advertisements Column 2
      3 9 CHARTPOINT every Saturday
      3 words
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      Page 9 Advertisements Column 3
      370 9 OFAR EAST LEVINCSTON SHIPBUILDING LTD FELS incorporated in the Republic of Singapore) II AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1989 The Directors of Far East Levingrton Shipbuilding Limited advise ths following audited results of ths Group and the Company for the year endad 31 December 1909: COMPANY GROUP
      370 words
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      255 10 j 4 it f 1 OUR PRODUCTION I MANAGERS < I; ALWAYS RECEIVE THEIR JIT. STOCK SCHEDULING FOR COST EFFICIENCIES. 1 V £«^3hm|L. <.« >- w F>*>* k «*v»; -^•L» f p| :Jfcl yfe-M- t i! Hp# #s§te je& J BPBBlteilPliJMk'- tw •i^&MW J Hr iB H 9 Br "awij
      255 words
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  • COMMODITIES
    • Article
      Rubber
      344 11 MMAPOM: Rubber prices cloeed quietly steady with March 1 RSS buyer quoted et 156.50 cents s kg. unchanged from Friday's close. On the TSR-20 Award market, pricee cloeed little changed from morning leveta in quiet trading. March buyer was quoted at 146.50 cents a kg, down one cent from
      344 words
    • Article
      Produce Prices
      189 11 Chinm Produce TH» Fodoral Agricultural m 1 li r *o i ,ii, I, II, cxcniOQl pwnfiinfl AUwfOfny SMbnf neon dodng prices on Ctataf *•<•» Nfcwwy 26 Pobruory 26 (SS/100 kg) CoconuT oil (MS/100kg) mII N*w drum* 122.00 2nd hand drum 116.00 Mk FOt 73.00 M, 107.00 Old drum
      189 words
    • Article
      KL Tin
      140 11 PRICES on the Kuele Lumpur tin merket reee 38 cents to doee at M816J4 a kg In active trada buoyad by Frldey'e firmer LME doee. Renewed buying support from Jepeneee, Europeon end local Intereete, elded by a lower rlnggM egelwet Vie US dollar, further booeted sentiment, HiAy aa|J|
      140 words
    • Article
      RAS and MRELB
      344 11 RAS prices i>teMMt,poimmn noon aose Bwyon Sollon Bvyon Sdtn bit 1 RSS Prompt 157.25 158.25N 156-50 157.50 bit 1 RSS Mar 90 159.25 140.25 158-50 159JO bit 1 RSS Apr 141 JO 14X00 140J0 141 JO bit 2 RSS Of 152.25 154.25N 152.00 154X0N hit 3 RSS
      344 words
    • Article
      Lock icon Precious Metals
      385 11 Reuter HONGKONG: Gold cioeed lower on early Japanese and local toiiowth rough selling cauaed by a firmer US dollar and the plunge of Japaneee stocks "The Jepeneee had to sell gold to cover ioesss In the stock market a dealer with a local trading houee said. "But the
      Reuter  -  385 words
    • Article
      Palm Oil
      408 11 MALAYSIAN CRUOE PALM OIL FUTURES: clossd slightly higher on the Kuala Lumpur Commodity Exchange on aoma renewed buying support Tha markat opanad about MtB to Ms 7 higher but gave way to profit-tak-ing in the afternoon. However. pricea managed to hold steady. The quiet caah market limited aupport
      408 words
    • Article
      Lock icon Crude Oil and Products
      131 11 Telerate CSTIBO fuel oil pricea mmtd to bm hovaring within 100-04 mt tob/cif Sing rang*. Fundamentally. the market was littla changed but a number of players were seen to be trying to influence the market direction. March CSTIBO were •old at 100 mt. $82.5 mt and
      Telerate  -  131 words
    • Article
      KLCE trading exam papers reduced to two
      287 11 IN A 810 to aimpiify Hi futuree trading examination, the Kuala Lumpur Commodity Exchange (KLCE) haa reduced the number of papers from four to two. However, the examine tton topics market regit* lationa, market operatione, principles of futurea trading and tachntquea of futurea
      287 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      121 11 HENDERSON INDUSTRIAL PARK JW PHASE WAREHOUSE TORY^ (bU&Sm A distinguished design, with excellent features to 1 make this new phase another choicest investment Flatted factory comp fsing 46 f; ct >ry units (from 2000 to 5500 sq ft) i d tour THE SHAPE OF BETTER THINGS TO COME ACT NOW!
      121 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      127 12 Now it's easy to see the big picture. V; f w X|KHII 'S sm^k% y^H K ttli I ll'fwwKß Sharp's revolutionary LCD technology creates a clear picture from arty angle. v N You can even change picture size without changing the position of the projector. P x See Sharp Vision
      127 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      381 13 Introducing Sharp Vision. The compact LCD projector with a brilliant 100" picture. A£ kss than 14 can Dimensions: 251(») x x mm 1 I i Now you can transform your living room info a A clear view from any angle. Just connect Sharp Vision to a multi-system VCR. Or, private
      381 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon Brady tour may pave way for new bank for E Europe
      555 14 AFP ,A TOUR by US Treasury Secretary Nicholas Brsdy of major European capitals this week could help clear the ground for agreement on the functioning and funding of a new bank that will back market-economy reforms in Eastern Europe.
      AFP  -  555 words
    • Article
      Lock icon Owners of Islamic Investment house on trial in Egypt for fraud
      138 14 Reuter ■THE OWNERS of one of Egypt's Jbiggest Islamic finance firms went on trial last Sunday charged with swindling investors out of US$73O million over six years. The chairman of Rayan Islamic Investment Co, Ahmed Tawfik Abdel-Fattah, 33, was
      Reuter  -  138 words
    • Article
      Lock icon French Banking Association questions credibility of DG Bank
      396 14 AFP THE FRENCH Banking Association said on Friday a decision by West Germany's DG Bank not to recognise some bond transfer operations with French banks put its credibility in doubt. The Deutsche Genossenschafts Bank has said that it considers the problem a
      AFP  -  396 words
    • Article
      Lock icon Congressional report warns of imminent crisis in insurance industry
      315 14 Reuter THE US$l.75-TRILLION insurance industry in the US is rite with symptoms of a pending financial crisis that could rival the savings and loan bailout, according to a congressional report. At imminent risk were huge business policies, called commercial property and
      Reuter  -  315 words
    • Article
      Another Indonesian institution seeks funds here
      383 14  -  By HONG LEE TIAM BANKING deregulation currently underway in Indoneeia haa made it poesible for yet another Indonesian financial inatitutlon to seek funds from Singaporebased banka. PT Saseka Qelora Leaaing (SQL), the third largeet leaaing company in Indoneeia, signed a two-year, US$4O million credit
      383 words
    • Article
      Lock icon Bulgaria second East European country to apply for IMF entry
      171 14 AP BULGARIA has officially appliad to join tha I ntar national Monatary Fund, tha aaoond Eastarn Europaan country to do ao in racant waaks. Tha othar waa Czachoalovakia. Tha fund and its siatar organ* isatton, tha World Bank, ara tha
      AP  -  171 words
    • Article
      Lock icon Japanese banks commit high-interest US$ 30m loan to China
      313 14 Reuter FOUR major Japanese banks have quietly committed themselves to s small ayndicated loan of around US$3O million to a Chinese state-owned company at a much higher intereet rate spread compared to loane made before Beijing'a crackdown in June, Hongkong-baaed bank
      Reuter  -  313 words
    • Article, Illustration
      Get insurance suited to a T today
      846 14  -  uram by PAUL FRANKLAND Mr Frank I and is the Singapore branch manager for Commercial Union Assurance. His views do not necessarily reflect thoso of Commsrciat Union. f f IT TAKES TWO to tango, at they say, and certainly "T" for two Is
      846 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      186 14 ffe I For Sale By Tender. Paradiz Centre, Singapore. H t M^M|B|BHHBB^£ffigtt|yß|2flMß|^^MHWß^^^^^^^^^^^^^^^^^Mpßßßp|lW|flMMßHyfiCT ■b MBHBBBBBBBHHBBSBBS!S!B^SBWi®WW®i^^^r^?^ ~> ->ir^ 9m Paradiz Centre, located near Orchard Road on Selegie Roacl s one °f Singapore's prime shopping/office U /y complexes benefitting from excellent access to Dhoby IL_ jij Ghaut MRT Station and Shenton Way financial
      186 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      944 15 SINGAPORE: The US dollar soared against the yen due to a plunge in the Tokyo stock market, but closed off its highs after persistent Bank of Japan intervention. Activity was subdued in late trading as players looked for reactions from other central banks, but dealers sxpect the US
      944 words
    • Article
      Money markets
      58 15 THE overnight rate on the Singapore money market dropped by 2 points at 3-1/4 per cent yesterday. Short-term rates for one and two months were up at 65/16 per cent. S$ Interbank rates at the dose yesterday: omt m Omiri#* 3 1/4 3 l-im* 6 J/1* *3/16 3-mh*
      58 words
    • Article
      Government securities market
      92 15 Treasury bills Period Issue Yesterday's dosing Day's cod# Maturity 140 OFFER HKX LOW 3 months RQ*****A 24.05.90 3.90 3.85 3.85 3.80 6 months J year BY*****Z 18.10.90 4J00 3.95 Government notes snd bonds Parlod Issue Maturity Coupon Yastarday's dosing Day's coda rata wo oral UGH LOW 2
      92 words
    • Article
      Options
      280 15 INTEREST RATE OPTIONS Monday, Fabnmry 26, 1990 CUHOOOLLAR (tWO) M* Lot Ml M* Ua 0* ♦ISO IN IS k •ITS S S S «M M WOO 37A >7 9223 H 9330 KW7S MM *11 AnSiMNi JwMpfe Mfk Lmt Ml Mgh imm Ml 9023 ISM 113 •100 639 43 •129
      280 words
    • Article, Illustration
      World interest rates
      160 15 'matin He avsragi el Mm prime liiidh| raise ef It meter banks la rpeve Interbank market rates (offar/bM) on Fab 26 US$ t DM SWFC Y«i 7 4m SS/1* —*J/U IS u;/l 7 IS/I* 7 IS/I*» J/4 7/B 4/4 I Mk 1/4 l/a 15 1/14—UlVI* IS/I* IS/I*
      160 words
    • Article
      Simex
      121 15 SIMEX eurodollar futures closed slightly higher. March Eurodollar closed at 91.66 against Chicago's settlement of 91.63 and June at 91.61 againat 91.57. Around 35,810 lota were traded. Euroyen futuree ended mixed amid concern over the weaker yen. March cloaed at 92.61 againat Tiffe'a close of 92.63 end Juns at
      121 words
    • Article
      Asian dollar market
      233 15 ASIAN DOLLAR deposit rates ended unchanged from opening levela. which were little changed from Friday's close. Short-dates closed unchanged at 8-5/16 8-3/16 per cent each for Tuesday/Wednesday, weekfixed and one month. Three, six month and one year term ratee were also stable at 8-3/8 8-1/4 per cent,
      233 words
    • Article
      IMM
      166 15 IMM currency futuree were mostly lower, with yen contracts closing the week at depreeaed levels aa Tokyo share pricee apilled ever lower. The outlook for moat currenciea la etill uncertain. At aettlement, March yen were off 0.*****9 to 0.*****3, marka fell 0.0019 to 0.5956, Swise franca roee 0.0022 to
      166 words
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      Page 15 Advertisements Column 1
      39 15 TTTCTmI7ITrrT<TIT!CT *TH^TnT3 > vi i<\ fn t* u iH M Ft i,; H/VThTi Ij rd ill ili I A f, f W&¥&- vIVAI I I IV rill llf .1 I^H fjm» r' 1 *DiiirVJiT'iiakiiliiiil^^^HbLjSfl 111 1 iy4l^a'x»l!MKiili!i^^^BwwM I /ST. ■n»l
      39 words
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  • SES
    • Article, Illustration
      STII recovers from day's low to close 42 points down
      833 16  -  By LIM MUI KHI AFTER A MORNING of panic selling prompted by fears that the Japanese market was going through the floor, the local Bourse later clawed back some of its losses to close 42.41 points lower for the day.
      833 words
    • Article
      MAIN BOARD
      249 16 i Rises Tuon Sing 25f 64 -5.9% -4 H Prop WrU 91 91 +15.2% +12 Mot*rlol H 20# 148 -5J% -9 Singatron 20# 100 -5 7% -6 Falls Gvthrl. GTS 20# 88% -5.3% -5 i/ Wing Tol Wrts 94 -5.1% -5 m Couaowoy Wrts 46 -8.9% -4% CauMway
      249 words
    • Article
      CLOB INTERNATIONAL
      230 16 I A DIaa* S«ol be 193 -9.0% -19 mS 8 UonHoo 72 -8.9% -7 Sungol Way 396 3.7% +14 Gonoral Corp 116 -8.7% -11 > M A A 200 2.6% +5 Mi Hldg» 50* 115 8 7% -11 S Goldon Plus H 225 +2.3% +5 Gaorgo Kent 50*
      230 words
  • SES SHARE INFORMATION
    • Article
      MAIN BOARD
      2370 16 Or 1 Or*» M i1 W/ Laat Vol Day LmI Quo* Mv Mr Vld Nol M Cap 4 Hlgh Codo Company M or- (*000) High Low BMyor Mtar C*r Ml FEB n DEBENTURES, BONOS, LOANS 330 IM t 1543 CK Tang Wl 1990 »2 9.0 li I 73*
      2,370 words
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      CLOB INTERNATIONAL
      2135 17 t-j Qr*s Qr*s hJ, Low Coda Cnmn-nv i2 ,X2L Laat OuoM Dh Okl YK NH M Cap High Low Com Company ®2* or C000) High Low Stiyar SaHar C*vr P/E SmH FEB 2t HOMO KOMO STOCKS 1000 MO 1738 Cheung Kong 1000 796 71$ 1341 HongkongBank 746 748
      2,135 words
    • Article
      SESDAQ
      248 17 179* vr t 4000 Amtok Eng 20# 129 -4 27 132 128 126 130 SON 6 6 0.9 16 3 109.7 190 70* 4009 Fu|l OflMt 20# 109 -2 99 109 109 109 109 10.0N 4.9 1.9 11.9 39.2 330 139 4001 08 HWg* 100 290 279 29S 40
      248 words
    • Article
      NASDAQ
      256 17 6000 ASK Computer 1975 1900 0001 Adolph Coon 1975 1800 2400 4837% 3476 6003 Appla Computer 3812* 3276 3375 6006 Charming 3 6007 Clpfcar Data 6010 Daisy Syatama 900 6011 Oraadoar Bank ***** 8000 5000 6012 Ericaaon Tal 5000 ***** ***** 4000 2325 6013 Inta) Corpn 4000 3825 3900
      256 words
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  • KLSE
    • Article, Illustration
      Lock icon Share prices nosedive
      3033 17 MBT SHARE PRICES tumbled on the Kuala Lumpur stock market yesterday in reaction to a plunge in Tokyo's Nikkei Index to below 34,000 points. Morale waa low right from the opening bell, with prices slipping acroae a broad front as market operators responded nervously to Tokyo's 4.18
      MBT  -  3,033 words
    • Article
      UNIT TRUSTS
      238 17 prtc*. 1,1 ioirol Tnat AaW Mgt UOe MonognnM fST5hlT!Ia iwS SSBUOXJ I» SSi* im Wt JnrKI MARA-lumlputra Fwxis U^$) Singapore Unit Trust OCBC-Asiet Mat Mm B'putro 174 179 Camptmy lorn tote Tho Comtci 129 136 C*»lK.-AS»«t Socond (Iputro til 173 *n« a THi SovioQi Md 1.11 l.lt Savta
      238 words
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  • REGIONAL MARKETS
    • Article, Illustration
      Lock icon Indonesia to reopen phone network tender
      420 18 AFP INDONESIA is to reopen a multimillion dollar tender to expand its telephone network after all five major foreign bidders remaining were disqualified. State Secretary Murdiono said Preeident Suharto had decided that the five bidders all failed to meet the financial terms set by
      AFP  -  420 words
    • Article, Illustration
      Lock icon Taipei firm to set up USs4sm plastic film plant
      230 18 Reuter USt FAR EAST, a Taiwanese company already committed to establishing a petrochemical complex in tfte Philippine#, has plans to set up a US$45 million plastic film plant in the country. Philippines' Trade and Industry Secretary Jose Concepcion said yesterday the
      Reuter  -  230 words
    • Article
      Lock icon Tie-up plans polyethylene plant in West Java
      158 18 Reuter MITSUI Co Ltd. Sumitomo Corp and British Petroleum Co pic (BP) will set up a 200,000-tonne/year polyethylene plant near Merak in West Java. Indonesia. They will form a company. pt Petrokima Nueantara Interindo, capitalised at some US$lOO million, to produce and sell
      Reuter  -  158 words
    • Article
      Lock icon Nissan plans second plant in Manila
      108 18 Reuter NISSAN Motor Co Ltd will build a second plant in the Philippines in 1991 which will start producing cars by the end of 1992, a Nissan spokeswoman said. Pllipinas Nisssn Inc. owned 15 per cent each by Nissan and Marubeni Corp and the
      Reuter  -  108 words
    • Article, Illustration
      Lock icon Prices fall sharply
      526 18 Australia Reuter A PLUNGE in Tokyo's Nikkei Itidex. fuelled by fears of s depreciating yen and rising Interest rates, puahed Australia's share market into a steep nosedive yeeterday. The All-Ordinarles Index finished 36.4 points, or 2.2 per cent down st 1.546.6. It wss the biggest one-day drop
      Reuter  -  526 words
    • Article, Illustration
      Second biggest-ever one-day drop
      541 18 Tokyo TOKYO share prices cut some lossee in late trade yeeterday but cloeed dramatically down, staging the second biggeet oneday point drop ever. Some buying of electrical and other stocks by major Japanese brokeragee led the turnaround. Arbitrageurs stopped unwinding positions in late trade as most
      541 words
    • Article, Illustration
      Lock icon Tokyo's plunge pushes down Hang Seng
      1176 18 Hongkong AFP THE Hang Seng Index spiralled down 21.68 points to 2,872.63 yesterday following another sharp fall on the Tokyo bourse. Turnover on the Hongkong Stock Exchange contracted to just below HKSI billion (US$l2B million), against last Friday's turnover of HK11.2 billion (US$l54 million).
      AFP  -  1,176 words
    • Article
      Lock icon Taipei: A record plunge
      547 18 Reuter TAIWAN'S volatile stock market skidded into a record one-day tall yeeterday aa plunging Tokyo share prices and fears over the domeetic political situation sent local inveetors scurrying to sell. Wave after wave of selling pounded the island's index down a record 572.03 points (4.0 per
      Reuter  -  547 words
    • Article
      Lock icon Bangkok: Sharply lower
      251 18 Reuter THAI STOCKS closed sharply lower in thin trade yesterday after Tokyo'a plunge, but brokers said Investors managed to resist pressure better than expected. The SET Index closed 17.11 points lower at 801.21. Losses led gains 145 to Ave. Siam Cement, Land and House and Star Block
      Reuter  -  251 words
    • Article
      Lock icon Seoul: Testing 1988 lows
      263 18 Reuter STOCKS tooted low® last seen in 1908 in morning trad* yaatarday. depraaaad by a lack oI intareet, lack of confidence in the domeatic economy and low liquidity. The Composite Index ended a sluggish early session down 4.84 points at 840.41 after falling to a low
      Reuter  -  263 words
    • Article
      Lock icon New Zealand: Down sharply
      201 18 Reuter NEW ZEALAND shares fell sharply yesterday to close at their lowest level in almost two years in response to the aggressive sell-down of stocks in Tokyo. Brokers said nervousness still pervaded the market by the cloee of trade. The Berclays estimate fell 59.90 points to
      Reuter  -  201 words
    • Article
      Lock icon Manila: Slightly weakar
      202 18 Reuter PHILIPPINE sharee closed slightly lower after moving narrowly sideways in a market that failed to euetaln initial intereet in the abeence of poeitive news yesterday. "The market has just settled on a new support level and it wants to find a reason to go up. but
      Reuter  -  202 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      379 18 NOTICES THE COMPANIES ACT, CHAPTER 50 Sectiorv29o(2)(b) NOTICE OF RESOLUTION ALLIED ENGINEERING OF SINGAPORE (PTE) LTD (In Members' Voluntary Liquidation) At an Extraordinary General Masting of ALLIED ENGINEER- ING OF SINGAPORE (PTE) I LTD held on ths 22nd day of February 1860, the following special resolutions were duly i 03ssed
      379 words
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      Page 18 Advertisements Column 2
      376 18 THE COMPANIES ACT, CHAPTER 50 Section 290(2) (b) NOTICE OF RESOLUTION ALLIED ORDNANCE ELECTRONICS (PTE) LTD (In Members' Voluntary Liquidation) At an Extraordinary General 1 Meeting of ALLIED ORDNANCE ELECTRONICS (PTE) LTD held on the 22nd day of February 1990, the following special resolutions were duly paaaed: RESOLVED I)That the
      376 words
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      Page 18 Advertisements Column 3
      392 18 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SINPAHAN PTE LTD (In Members' Voluntary Wlndlng-Up) Notice la hereby given, pursuant to Section 306 of the Companies Act, Cap. 50, that the final general meeting of the members of the abovenamed company will be held
      392 words
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  • CORPORATE FOCUS
    • Article
      Lock icon Japanese economy expected to weather market plunge
      669 19 TOKYO STOCK MARKET Reuter JAPAN'S robust economy is likely to b« rslstively unscathed by Tokyo's share price plunge, in spite of a fall in the key 225share Nikkei index of some 11 per cent last week, said economists in Tokyo. And even higher
      Reuter  -  669 words
    • Article, Illustration
      Lock icon Banker traces Tokyo market's fall to Bonn
      725 19 NYT ASKEO what was behind the frightening 6.9 per cent plunge on the Tokyo stock market last week. Ariyoshi Okumura, president of the Industrial Bank of Japan's money management arm, delivered a lucid analysis not of Japan's financial markets, now the world's largest,
      NYT  -  725 words
    • Article
      Lock icon Little sign of panic in the pits
      183 19 AFP FLOOR TRADERS at the Tokyo Stock Exchange conducted business as usual yeeterday with little sign of panic or shock at the sight of Japanese share prices suffering their secondsharpest fall in history. "It's only a 4.5 per cent plunge," an exchange official
      AFP  -  183 words
    • Article
      EUROPEAN MARKETS ROUNDUP
      589 19 FRANKFURT: E German shares recovered some of their earlier losses yesterday to end iust 0.8 per cent below Friday's close as the market continued to assess the impact of yesterday's plunge In Tokyo share prices. "We have shaken off Tokyo's negative mood a little, but our market
      589 words
    • Article, Illustration
      Lock icon Tokyo discovers it's vulnerable to outside influences
      598 19 NYT THE TOKYO Stock Exchange, which had prided itself on being a pillar of stability among turbulent global financial markets for the past several years, has found itself in the midst of its most severe plunge since the worldwide stock market crash nearly
      NYT  -  598 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      324 19 LIEN HOE CORPORATION BERHAD (Incorporated In Malaysia) NOTICE OF BOOK CLOSURE CAPITAL RECONSTRUCTION SCHEME NOTICE is hereby given that the share transfer books and the register of members of the Company will be closed from 23rd March. 1990 to 11th April, 1990, both days inclusive, for the purpose of implementing
      324 words
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      Page 19 Advertisements Column 2
      672 19 J|VnR British-American Tobacco Company (Singapore) Limited PROFIT AND DIVIDEND ANNOUNCEMENT <• The Directors are pleased to announce the following audited results of the Group and the Company for the year ended 31 December 1989. ($000s) THE GROUP THE COMPANY 1989 1988 %<±) 1989 1988 Turnover 199.976 145.283 +38 N/A N/A
      672 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      851 20 I Where to entertain... Where tventertain... Where tv entertain... Where to I Some tf our best I I advertiMiig is by I 1 \void~of~mouth. I f t*' •> ■Hi I For outstanding haute cuisine in surroundings I of unashamed opulence. The Palm Grill is the I name on everyone's lips.
      851 words
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      Page 20 Advertisements Column 2
      187 20 s I I Greece m I is the word! II l|^<Sf2? IS SB OdMrt Had. Stapfnß 0523 T«t 757 4411 I; <2*eat *V*U*t& if j High Tea j l I A delectable spread of over $0 U I varieties of Hong Kong Dion Xin, I local specialities and desserts. m
      187 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      754 20 *Mr j^M onp 14 535 Souare One TV (r). 10.00 World News At 10 (M). 1/m/hnarH MO PotretKeluaroa(M.r). 1.00 News at EigM (C). 10.30 Telecast of National Quran Reading IxGVUUdIU 70S pm OoAnina Announcement and (.20 Musical Interlude. 1.30 Studio One Presents (C, L). Cooprtttion (Cont d). MXXJ J M
      754 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon When silence is golden to Oscar
      1069 21  -  AWARDS By VINCENT CANBY NYT THE ACADEMY of Motion Picture Arts and Sciences is not, as it sometimes seems, a monolithic tyranny of middlebrow opinion. The 1969 Oscar nominations give the lie to all that. It is, instead, a loose confederation of guilds that
      NYT  -  1,069 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      227 21 entertain.... j Who Says You Cant Mix Business With Pleasure? At Hubertus Grill, the Businessman's Luncheon offers you the opportunity to dine in the relaxing ambience of a hunter's lodge, and enjoy a sumptuous spread of appetisers, soups, salads, fruit and desserts. There's also a wide selection of main courses
      227 words
    • Advertisement
      Page 21 Advertisements Column 2
      354 21 I i The art of doing business. Iburchettes Business Lunch. I »^a*Li -irr. r itt, x 4 [Ml jAj At Fourthetces Grillroom, one of Singapore's finest business lunches awaits. The freshest oysters, Goose Riliettes and other appetizers. Main courses from the Grill, or Roast US Prime Rib from the Canery.
      354 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      511 21 J 23 A pole of boxwood? (4) 24 Struggles to make dis- 23 Unlike iuniors. they 12 Hug (7) orderly sluts finish du- can O 6 00 r,Be W ,ea ties (7) 24 Fear of the guillotine? 16 Sends out (5) 26 Calls up more than sin- W 17 Tempest
      511 words
    • Miscellaneous
      Page 21 Miscellaneous Column 2
      633 21 RADIO BBC Highlight Radio 5 Highlight Composer Cameos, 5.45pm Music From th# Festivals, 10.15pm The 18th century French composer From the Gottingen Handel Festival Jean-Marie Leclair was stabbed to 1989, we hear Act One of Susanna by death, probably by a jealous nephew. Handel performed by Kai Wessel In the'first
      633 words
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  • SPORTS
    • Article, Illustration
      Falcon of Jordan flies to the front
      572 22  -  MALAYSIA INTERNATIONAL AIR RACE By CHARLES SAVAGE THE ROYAL Jordanian-spon-sored Falcon of Jordan haa an almoat unbeatable two-hour lead in the Malaysia International Air Race which enda in Paria tomorrow. But the flight for second place haa been a cunning race of deception
      572 words
    • Article, Illustration
      Lock icon Becker wins but says Lendl still the greatest
      370 22 TENNIS AFP BORIS BECKER of West Germany beat current world number one Ivan Lendl in straight sets in Stuttgart on Sunday but said his Czechoslovak rival still deserves to be top of the rankings. The 22-year-old West German has made it clear
      AFP  -  370 words
    • Article
      Lock icon Sampras resets his goals
      201 22 AFP PETE SAMPRAS, the newest rising American star, captured his first career singles title on Sunday at the US$l million US Pro Indoor tennis tournament in Philadelphia and immediately set his sighte on higher goals. Sampras. 18 years old and seeded 13th, used a well-execut-ed serve-and-vol
      AFP  -  201 words
    • Article, Illustration
      Lock icon Garrison's good but cannot touch Navratilova
      425 22 AP NO MATTER how far she jumps in the world rankings, Zina Garrison still cannot find a way to beat Martina Navratilova. Navratilova improved her record against Garrison to 27-1 on Sunday with a 6-1, 6-0 victory in the finals of the Virginia Slims
      AP  -  425 words
    • Article
      Lock icon Griffiths returns to form
      233 22 SNOOKER AFP HARD-WORKING Terry Griffitha. who haa been playing for up to 12 hours a day in recent weeks, returned to form with a much needed victory in the third round of the £375,000 Britiah Open in Derby yeaterday. The 41-year-old former world champion from Llanelli
      AFP  -  233 words
    • Article
      Lock icon Hill goes the distance to keep crown
      214 22 BOXING AFP VIRGIL HILL was not in top form on Sunday but he was more than a match for David Vedder as he successfully defended his World Boxing Association light heavyweight crown in North Dakota. Hill, 25, making the eighth defence of the
      AFP  -  214 words
    • Article
      Lock icon Couples breaks dry spell with victory in Los Angeles
      339 22 GOLF AFP EVEN WHEN Fred Couples lost his leed briefly in the final round of the US$9OO,OOO Los Angeles Open on Sunday, he knew he would win and end his two-and-a-half year victory drought. "I felt like if I was going
      AFP  -  339 words
    • Article
      Lock icon Darcy leads from start to clinch Emirates Desert Classic
      312 22 AP EAMONN OARCY of Ireland led from the start and captured the Emirates Desert Golf Classic by four strokes on Sunday. Darcy opened the tournament by breaking the course record with a round of 64 and finished with 68 for a
      AP  -  312 words
    • Article, Illustration
      Lock icon England stands good chance against West Indies
      200 22 CRICKET AFP ALLAN LAMB tamed the West Indies' attack and scored a magnificent 132 his first hundred on foreign soil and gave the England team a good chance on Sunday of inflicting its first defeat on the West Indies since 1974. Having reached
      AFP  -  200 words
    • Article
      Lock icon Pistons outscore Knicks
      465 22 BASKETBALL AP JOE DUMARS scored 15 of his 31 points in the third quarter as the Detroit Pistons won for the 14th time in 15 games. 98-87 over the New York Knicks on Sunday. The loss was only the third in 25 home games for New York,
      AP  -  465 words
  • Page 22 Miscellaneous
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  • TECHNOLOGY
    • Article, Illustration
      Computer show gives ideas on teaching
      403 23  -  Four highlights at NCB exhibition By LILIAN ANG SCHOOL PRINCIPALS in search of programmes to sustain an efficient teaching and learning environment through the use of computers and audio-visual materials can cull ideas from an exhibition now on at the National Computer Board building.
      403 words
    • Article
      Trade Net link-up allows overseas connections
      217 23 SINGAPORE COMPANIES hooked onto the electronic data interchange (EOI) system Trade Net will be able to communicate electronically with their overseas clients from Thursday. In a move to provide international linkages for its clients, Singapore Network Services (SNS). which operates Trade Net yesterday announced
      217 words
    • Article
      Lock icon Space shuttle launch put off for fifth time
      172 23 AFP STRONG WINOS and low cloud yestsrdsy forced the Nstionsl Asronsutics and Spacs Administrstion to call off the departure of the US space shuttls Atlantis on s secret Pentagon mission. It wss the fifth time the mission had been delayed. Nssa feared
      AFP  -  172 words
    • Article
      Compaq exports two millionth PCB
      338 23 COMPAQ ASIA. the local subsidiary of one of the world's largest personal computer makers, recently shipped its two millionth printed circuit board barely three years after setting up operations here. Rolling off its production plant at Tagore Lane, off Upper Thomson Road, the two millionth
      338 words
    • Article
      Lock icon Motorola to increase computer presence
      243 23 Reuter MOTOROLA will take the wraps off a new line of computers early., next month and initiate a US$3O; million advertising blitz to* heighten its previously low profile in computers. "The company has been In, the commercial computer business for several years, but two-' thirds
      Reuter  -  243 words
    • Article, Illustration
      Lock icon Apple to give student discounts in Japan
      276 23 Asahi APPLE COMPUTER of Japan will toon otter Japanese students a special discount pries on Macintosh SE computers. Appla said It has reached an agreement with the National Federation of University Cooperative Associations to sell the popular machine at the assoctations" shops at
      Asahi; Punch  -  276 words
    • Article
      Lock icon BBC monitoring service invests in £10m computer
      165 23 AFP THE British Broadcasting Corporation (BBC) has inaugurated a new computer for its monitoring service, which listens in to foreign radio, televiaion and news agency broadcasts. The computer, inaugurated last Wednesday, ia installed in a new wing at the monitoring service headquarters at
      AFP  -  165 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      415 23 PC Corner hat been held over due to preesure on space An Important New Forum For International Traders And Buyers In Asia Three Major Shows In One 27 February 3 March 1990 World Trade Centre Singapore Importers, exporters, traders, retailers and At Singapore International Gift Fair, The Singapore International Toy
      415 words
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      Page 23 Advertisements Column 2
      500 23 I«tufrrh| ftl/lfT™ tfct'W if"'-* 1 AS/SET extends your quality, AS/SIT iws wiHuJb edyst pmties indmmm* tMI Hml 4—Mrtßy hyrwt creativity and productivity. fe irtallipm [inpn—mr productivity. AS/SET virtually eliminates main- AS/SET generates all required code AS/SET is the newest and most tenance and testing at the code level. for your
      500 words
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  • Article
    Retrofitting gaining bigger chunk of construction work
    467 24  -  More old buildings, HDB upgrading boost demand By LILIAN ANG THE RETROFITTING market, once only a small component of domestic construction demand, is fast gaining recognition as one of the most rapidly expanding sectors in the industry. The volume of contracts, which climbed
    467 words
  • Article
    Lock icon Talks begin on US use of military facilities in S'pore
    262 24 AP US AND SINGAPORE government officials began talks yesterday on details of American use of air, naval and other military facilities in the Republic. "A joint Department of State and Department of Defence group is here in Singapore to have
    AP  -  262 words
  • Article
    Lock icon Facelift for KL
    48 24 Bernama KUALA LUMPUR will be redeveloped to create new modern communities enjoying up-to-date facilities. Mayor Datuk Elyas Omar said yesterday that buildings with architectural or historical value would be preserved and if they were redeveloped, the design of the original facade would be retained. Bernama
    Bernama  -  48 words
  • Article
    Lock icon Institutional investors will improve quality of KL's retail development
    432 24 Bernama THE QUALITY of retail development in Malaysia will be enhanced with the emergence of large institutional investors, including property unit trusts, which are capable of buying a complex en bloc and holding it for the long term, an international property
    Bernama  -  432 words
  • Article
    Lock icon KL housing market hinges on economy
    265 24 Bernama THE IMPROVEMENT in the residential property market will continue as long as the overall improvement in Malaysia's economy prevails, a housing developer said yesterday. Mohamed Sulaiman, managing director of Sime UEP Properties BHD, said while the future of the country's property market appeared
    Bernama  -  265 words
  • Article
    Lock icon More Seoul firms set up shop in M'sia
    207 24 Bernama MORE South Korean industrialists were eyeing Malaysia as a potential base tor their manufacturing operations because of the favourable investment climate, Chang Young-Hoon, the director of the Korea Trade Centre in Kuala Lumpur, said yesterday. So far. about 30 South Korean
    Bernama  -  207 words
  • Article
    Lock icon Asian nations attend OECD financial forum
    298 24 AFP ABOUT 60 representatives of leading industrialised nations and six "Dynamic Asian Economies'' (DAEs) yesterday attended the opening in Paris of a two-day workshop focusing on fast-mov-ing changes in financial markets. The workshop is also looking at the interaction between national policies in this
    AFP  -  298 words
  • Article
    Lock icon Mining chief plays down nationalisation fears
    300 24 Reuter THE LEADER of South Africa's largest mining conglomerate told investors yesterday not to panic over the African National Congress' (ANC) declared policy of nationalising major industries. Anglo American Corp of South Africa chairman Gavin Relly, speaking after a trail-blazing meeting with freed ANC
    Reuter  -  300 words
  • Article
    Lock icon Hongkong suffers yet another fall in domestic exports
    373 24 AFP Reuter HONGKONG'S trade prospects looked bleak sfter it logged yet another decline in domestic exports in January, official figures released yesterday showed. The value of domestic exports in January, compared with January 1989, suffered a drop of 3.6 per cent to
    AFP; Reuter  -  373 words
  • Article, Illustration
    Lock icon Bush, Kohl give assurances that may anger East
    502 24 Reuter BY FIRMLY REASSURING the West that a united Germany would be loyal to Nato and respect European frontiers, President George Bush and West German Chancellor Helmut Kohl may have angered the Soviet Union and done little to ease the fears of
    Reuter  -  502 words
  • Article
    Lock icon Comex gold and silver
    97 24 Reuter COMEX GOLD FUTURES sank on active selling by commission houses early yesterday, with the softness in overnight markets sparking a penetration of technical support. A strong dollar also hurt gold. The April delivery fell by US$5.2O to U*****.00 an ounce. Spot gold was down US$4.5O
    Reuter  -  97 words
  • LATE FILE
    • Article
      Lock icon Economic meeting in Sydney
      40 24 AFP HIGH-RANKING Japanese and Australian officials will hold their sscond consultation in Sydney on Thursday to discuss economic matters, the Japanese Foreign Ministry said yesterday. The first consultation was held in October 1968 in Tokyo. AFP
      AFP  -  40 words
    • Article
      Lock icon Thai workers reported seized
      31 24 AFP MYANMARESE soldiers seized 160 Thai workers and Kyah minority rebels during clashes with the guerrillas on ths Thai-Burmese border, Thailand's Border Patrol Police said yesterday. AFP
      AFP  -  31 words
    • Article
      Lock icon King opens Parliament
      42 24 Bernama KING Sultan Azlan Shah said yesterday that Malaysia would continue to give priority to relations with Asean, the Non-Aligned Movement, Commonwealth membercountries and Islamic countries. He was opening the fourth seesion of the seventh Parliament in Kuala Lumpur.
      Bernama  -  42 words
    • Article
      Lock icon US commends Nicaraguan poll
      30 24 Reuter THE US yesterday congratulated Nicaragua*) Opposition candidate Violate Chamorro on har victory in the elections and commended President Daniel Ortega tor conducting a fair ballot.
      Reuter  -  30 words
    • Article
      Lock icon Taxi drivers' protest
      29 24 AP HUNDREDS of drivers of three-wheel scooter taxis gathered in front of Jakarta's City Council yesterday to proteet against ths city's plan to restrict their operations.
      AP  -  29 words
    • Article
      Lock icon A Pacific rest
      44 24 Reuter THE ASHES of millionaire US publisher Malcolm Forbes probably will be buried at a spot on his private island in Fiji which commands a panoramic view of the Pacific Ocean, Noel Douglas, a former employee, said in Sydney yesterday. Reuter
      Reuter  -  44 words
  • Page 24 Advertisements
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      76 24 s^l Dive Adventure MICRONESIA Stay on board your floating hotel the B.S. THOfIFINN 170 cruise ship 7 DAYS tor US$l4OO 00 PRICE INCLUDES: All Meals (plus wine with dinners) UNLIMITED DIVING at wrecks plus Night Dives We provide TANKS WEIGHTS. DIVE PERMITS Experienced Guides Free Windsurfing, skiing fishing LAND BASED
      76 words
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      5 24 More stories on PAGE 4
      5 words
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      Page 24 Advertisements Column 3
      47 24 m w WW >• hcrtk^ If w SINGAPORE < v ...:< -V A CUT ABOVE THE REST YOUR CORPORATE IMAGE IN FINE SILK TIES AND SCARVES Ander Ties Badges Mfy Pte. Ltd. Blk 1014, Geylang East Ave 3, *04-218 Singapore 1438 Telephone: *****12. Telex: RS ***** ANDER. Fax: (65) *****55
      47 words
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  • SHIPPING TIMES
    • PORT SIDES
      • Article
        Jardines appointed agents
        102 25 JARDINE SHIPPING SERVICES, through PT Mitranava, has been appointed agents for Tiphook Container Rental in Indonesia. PT Masaji Prayasa Cargo tn Jakarta and Surabaya have been appointed as Tiphook depots. Tiphook, with a fleet of 200,000 TEUs, is the fourth largest leasing company in the world with
        102 words
      • Article
        New Japanese air cargo company
        109 25 NIPPON EXPRESS will start a domestic air cargo company early next month in a joint venture with Japan Airlines Co and Yamato Transport. The Japan Economic Journal said the new company is scheduled to begin operations in October 1991. It is capitalised at one billion
        109 words
      • Article
        Lock icon Newcastle hit by new tremor
        69 25 AFP A SMALL TREMOR has shaken the eastern coastal city of Newcastle, hit by Australia's first killer earthquake that left 12 people dead in December. Authorities said no injuries or damage were reported in the latest tremor late on Friday, which measured 2.7 on the
        AFP  -  69 words
      • Article
        New building for Stolt staff
        83 25 STOLT TANKERS AND TERMINALS (Holdings) has consolidated its London and Brentwood, staff in a new building in Romford, Essex, to accommodate its business growth in the UK. Stolt Nielsen House is now the administrative headquarters for the company's worldwide operation of tank containers, handling nearly
        83 words
      • Article
        Lock icon Seven tonnes of cannabis seized
        59 25 AFP POLICE ARRESTED FOUR MEN on Friday in east London following the seizure of seven tonnes of cannabis worth £14 million, customs officials said. The Thai-grown cannabis was hidden in a container unloaded last weekend in the port of Tilbury, Essex, north of London. Police
        AFP  -  59 words
    • Article
      S Korea to build car assembly plant in Iran
      156 25 SOUTH KOREAN firms are to build a car assembly plant in Iran, provide the country with new oil tankers and improve oil and gas facilities there. South Korea's Daewoo Industrial Group is to build a car assembly plant capable of producing
      156 words
    • Article
      Index to advertisers
      919 25 fog* Column ABC Co«toin#rline Thirteen 5 Accord Shpg Ten 3-5 Albotros Sea-Air Seven 5 AfC lift* Seven 5 API Five 3-5 AFS Thirteen 3 Arrow lines Nine 5 Asian Express Six 4/5 ANl Three 1/2 ASCI Five I Avon* Shpg tin* Six 2/3 Bat) Canada line Eleven
      919 words
    • Article
      Sips raising its freight rates from May 1
      317 25 YET ANOTHER CONFERENCE, the Singapore/India/Pakistan/Sri Lanka (Sips) Rate Agreement, will be raising freight rates from May 1. As part of the rate restoration programme, freight rates for cargo to the Indian ports of Bombay, Cochin and Madras and the Pakistani port of
      317 words
    • Article, Illustration
      Candia to use Singapore as launching pad to South-east Asia
      405 25  -  By RAHITA ELIAS CANDIA SHIPPING, with its headquarters in New York, will soon use Singapore as its launching pad to South-east Asia. The company, headed by chairman I Leronimakis, offers port operation services in diverse areas like Hongkong, China, Greece,
      405 words
    • Article
      NSW police break up picket by truck drivers
      348 25  -  By JOHN SPIERS POLICE operating under state ot emergency powers, invoked for the first time by the New South Wales state government, have broken up a week-long picket by truck drivers which had prevented movement of containers in and out of the
      348 words
    • Article
      Lock icon Tanker owners go on intensive buying spree
      303 25 Lloyd's List LEADING tanker owners have launched the most intensive ordering spree since the 1970s for large oil and ore-carrying tonnsge, with contracts worth a total of US$l.3 billion about to be finalised, according to industry sources. In s rush to beat price
      Lloyd's List  -  303 words
    • Article, Illustration
      Recently-appointed INSA president to set new policies a-sail
      1225 26  -  Early this month, the Indian National Shipowners' Association (INSA) elected Shashi Ruia as its new president. In an exclusive interview with Shipping Times, Mr Ruia also the managing director of India's second largest shipping company, Essar Shipping Ltd speaks to our correspondent
      1,225 words
    • Article
      Lock icon Turkey aims to boost shipbuilding industry
      713 26  -  By JOHN OWEN-DAVIES Reuter BRAVING WINO AND RAIN sweeping in from the Sea of Marmara, Turkish welders toil on the hulk of a new merchant vessel destined for Poland. Riding the swell alongside nearby berths at Turkey's state-run Pendik shipyard are two almost complete
      Reuter  -  713 words
    • Article
      Lock icon Tanker rates
      241 26 AFP TANKER owners booking out of the Gulf States area managed to obtain better rates this past week, despite the fact that demand absorbed only about four million tonnes compared with five million the previous week, London tanker brokers E A Gibson said on Friday. Firmer rates applied
      AFP  -  241 words
    • Article
      SHIPS IN PORT
      1733 26 AT CONVENTIONAL WHARVES *>' van 1100 20x0/0100 VmnI Vov No Borih Arrival Daoarlura kMMoK *****0 mic *32; 2300 •mm ■araiAmvai uapanura o2i««0 m» .iu <■ 2703/2300 y. nn bow* 08/10 M2A aloHit<■ van 2300 HviMmI 40/10 M48 llaiplll 27X0/ 3000 5" Mo»o*fep *****0 M3C .1. tin VBBJTXD
      1,733 words
    • Article
      London Freights
      578 27 THE FREIGHT market generally remained quiet on Friday although there was unconfirmed talk that the Soviet Union had booked some handyaize vessels overnight. Dealers said there was no details about how many ships could be involved or what price the Soviets might have paid. The Baltic Freight Index
      578 words
    • Article
      Consortia
      156 27 THE MAJOR shipping consortia operating between Far East/Europe. Far East/Persian Gulf, Straita ports/Australia. Straits/Japan. Far East/Mediterranean and Far East/South Africa: TRIO (Far East/Europe): Ben Line Containers Hapag-Lloyd Mitsui OSK Nippon Yusen Kaisha P O Containers Ltd ACE (Far East/Europe): "K" Line Neptune Orient Lines Orient Overseas Container Line OASIS
      156 words
    • Article
      SHIPPING LIST where your ships are due ...and when
      9879 32 QQIjIBIDgEB A guide to ships loading at Singapore for 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
      9,879 words
    • Article, Illustration
      Japan closely watching US proposals on tanker changes
      570 38 JAPAN is closely monitoring US proposals on two bills because of their possible huge impact on the oil and shipping industries, and ultimately on the global economy. A report in the Japan Economic Journal said that of primary concern is the stipulation
      570 words
    • Article
      Lock icon Beaches along Sussex coast closed again
      135 38 AP AUTHORITIES CLOSED BEACHES alonfl the Sussex coast in southern England on Saturday, less than 24 hours after they were reopened, when two containers of potentially lethal potassium cyanide washed ashore. The public was barred from the beaches earlier in the week after six
      AP  -  135 words
    • Article
      Lock icon Bad weather hampers US tanker fire-fighting
      328 38 AP STRONG WINDS HAMPERED an army of salvage experts trying for a fourth day Sunday to smother flames aboard the US-registered Surf City tanker, its owners reported. "We almost had the fire out by covering the area with a blanket of foam but the
      AP  -  328 words
    • Article
      CTI hopes to begin making a profit next year after its initial losses
      568 38 MANAGING the ports of Songkhla and Phuket in Thailand has left its operator, China-Thai International Co (CTI), with a 30million baht loss for the first year. Nevertheless, CTI hopes to begin making a profit next year. Its
      568 words
    • Article
      Shipping diary
      525 38 Jan 18-Sept 30 Diploma In Shipping a Port Management Conducted by Port of Singapore Authority at Training Department, Tan|ung Pagar Complex. Tel: *****25. Feb 8-Apr 20 SFFA Standard Trading Conditions gives an overall perspective of uieee conamons. COOOUCWO Of in# rrtigni rorwanitn Association. The Manager, SFFA, 7SOOA Beach
      525 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      30 25 hraMS A lively Pjjplfaßway with IHWMS mi mil -j AmMabbatall good bookthop* PuMlc«tton» For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
      30 words
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      Page 25 Advertisements Column 2
      18 25 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National \v»Z/f/*] Shipping Association.
      18 words
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      Page 25 Advertisements Column 3
      564 25 How to look after (§3M§ Avoilobts ot jm(jot STP Distributors bookshops tmd mail tftndt INSIDE Interview with INSA president I WL EARLY THIS MONTH, the Indian National Shipowners' Association (INSA) elected Shashi Ruia as its new president. We publish an exclusive interview with Mr Ruia today. Page Two US tanker
      564 words
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      82 26 Contact telephone numbers (Tenfoog Pagar Terminal) Sactton I Socfton 2 Section 3 talanhnna a lal CI *****20/*****92 C 4 —*****34 C 8 *****63 CIN *****20 C5 *****43/*****45 O ***** ft* CIS —******2 CSN *****43 CIO *****70 a *****51/*****53 CSS *****4S CI3 *****54/*****42 C2N *****53 C* *****38/3211 »4» CI2N —*****43 C2S
      82 words
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      2037 27 r—^ jlftftlNE SHIWNfi AKHBB \lllf/ 200 Cantonment Road #1245 Southpo.nl, S.npport (808 AllifF Tel *****11 TELEX NO RS ***** TERMINAL/CFS Te4 *****11 220 [wj b.W«»«>..> PORT KELANG TEL *****18 TELEX NO. MA*****/MA39TOI PENANG TEL *****4 TELEX NO MA***** CFS TEL 349*06 f) j. I j|T, ■WffTnf!!! PGUDANG TEL *****2/3 TELEX
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      1882 27 Vmml 'Port -Peneng 1 DESTINATIONS I Singapore Keteng TMa louia M Closing Time 'Nadvby C* *7/2/10 MOO HNS M Fmo MM MM n,. |M HON tM era M/2/tO I*oo MRS M Tauro OAK LQe MOU MEM ATI. MIA WIS LOCHS M 9004 Itn PI 28/2 Sa4ed ISatod 17/3 1W 22/3
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      986 28 ROTTERDAM/I VOY NO S POKE P KELANO SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE i ON DON EXPRESS 10/525 28/2 2/3 20/3 22/3 24/3 25/3 27/3 I OTYOF EDIMIUFK3H 88/524 1/3 28/3 20/3 22/3 19/3 25/3 LIVERPOOL BAY 97/528 7/3 9/3 27/3 28/3 31/3 1/4 3M KASUGA 08/527 8/3 2/4 27/3
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      568 28 «*p I AGIOS SPYRIDON 25/2 5/4 7/4 10/4 I CAPE MALEAS 30/3 18/5 22/5 Sn&rlAfWfl SINGAPORE: *****00 I Agents BOOKINGS: *****06 S. JAYA: 03-*****25 JOHORE: 07-*****2 M L. PENANG: 04-*****7 NOBTHBOUND TO UKC S TORE RDM/A DAM HBC HULL (U.K.) FORTH BANK V.2SN 3/3 29/3 3/4 7/4 IVYBANK V.2SN W
      568 words
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      Page 28 Advertisements Column 3
      1258 28 gal in—m aunrs REGULAR INDEPENDENT FULL CQMTAM6B BERVjCB WESTBOUND FOR EUROPE VSL/VOY SIN CLM PRS ALG BCL FEL HAM BRE ROT ANT LHA ALG) HAM) 2OT) NORASIA PEARL M»-3 02/03 06/(B 19*3 24/03 26/03 21/03 30/03 31g3 0204 «£1 NORASIA PRINCESS 9001-3 09/03 13/03 26/03 31.03 04*12 05/04 07/04 06/04
      1,258 words
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      1634 29 S/S Steamers Maritime Holdings Ltd w-Tp&o mm STRAITS SHIPPING! Wfflk rnntainors |ML», ggj SB.- QsilJUSußUMSilsZKUflSyjliUlMikß^BslllUkisl ST SiST" M STSSrSSr L accepts cargo due sails CITY Of CMNIUWGM M/m X|B M IW W RAJAH BROOKE VO4E KK, Shan. Taw 25—26 Feb 21 Feb 01 Mar LiVERfOOI BAY 818 OMB MO 28*3
      1,634 words
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      Page 29 Advertisements Column 2
      1339 29 TO: EUROPE TQ; FAR EAST SP IN ROM NAM BRE FIX SfO« MK KAO BU QUEENSWAY BRIDGE 013W 3/3 21/3 22/3 23/3 £/3 2W SEEPi™"*"" ,2? JX HANJIN LEHAVRE 006* 10/3 24/3 »/3 30/3 U* V* W W 2/3 HANJIN MASAN 051W 17/3 4/4 S/4 E/4 W #/4 21 2/3
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      Page 29 Advertisements Column 3
      312 29 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL SEKI ASIAN ASIAN I KOCHI CLIPPER STAR VOY. NO. 71 122 111 Spore 5/3 11/3 11/3 P. Kelang 14/3 21/3 Pmmi Hong Kong Yokohama Nagoya Osaka Senboku Kashrma F una bash i •Fof Discharging Only NOTE: ALSO CALLING OTHER JAPANESE
      312 words
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      621 30 HANJ HANJ f—ml mAWIAM SERVICE I MA<JI I CHOY HANJ Singapore Loading for:- CHOy A VSt In March I I B ESSBBBBBBM a (NatM UM If Mulct) Q O.S. WIST MAST/MEXICO/COmiAl VE AMERICA CONTAiBI SOVKE al HKG LB ENSENAOA L CAHOtNAS SAUNA C*U2 MAWANILLO MMUOS v« Vfl an w wa
      621 words
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      Page 30 Advertisements Column 2
      722 30 ,T,MI u», UN i INC NAM. LAX OAK L«Mj»r« R'dMi H'burg BlnMn FitoM 'SmKMJmtm W H KUHMW W W nii 22 22 HANJIN OAKLANO «H 12/1 H StOOL Wl J" 21/3 J\ i i S I CNOTAN6 SUCCUS Wl 1W H WJSAN OM W 4/4 V« S/« M cnuTi«b *n*»»-r
      722 words
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      58 30 r=3F SOON KIAT SHIPPING PTE LTD 3 SHENTON WAY #20-0 V» SHENTOfI HOUSI REGULAR SERVICE TO E. M'SIA I SPO« I* Ihju Yon( Hua WflO 06/03 Sri Pujut 0«/* Binhilu/Mifi/K Wirt 3*3 Swn Ann Satu 02/» Port 17 •20 toot **30 ton* hM«y lift cjrjow 4Mi<o F& ton. wn, z2^(M
      58 words
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      Page 30 Advertisements Column 4
      1243 30 —4 J «J m I pj m I -H -H 1 PKL SGP "*CMSIILG«S*KTO«T*O"£"jyAI! I, MJ Si2?aS?I eve* GOLDEN VI 2/3 7fl M V 5 »2»s| EVER CLOP VI 7/3 140 UP »M 17/3 21/3 23/3 2W 2M »< J* lift 11? 13/5 M I EVER GUARD 140 210 Ufl
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      1135 31 SSSSOII PACIFIC INTERNATIONAL LINES (PTE) LTD jSSSSgSS J PIL Building, 140 Cecil Street #03-00, Singapore 0106, Tel: *****33 uau ciu jut MY VOY SIN HKQ YOU WOO KOi BOS KEE KAO VCSSCL VOY SIN JKT SBY YUT 9Wi rmu 20/03 24/03 2S/OJ HAI OUANG 2MB 1,03 J' 03 J" 3
      1,135 words
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      Page 31 Advertisements Column 2
      650 31 EXPRESS CONTAINER SERVICE TO UK/CONTINENT rroM p nunc stow nam bhavu roam mavrcl Lanter E<pr«i 2*2 1/3 2*3 22/3 24/3 2V3 27/3 City Uinknr* 1/1 2*3 2*3 22/3 I*3 2V3 iiMrfMi >*y mm va w M m m KMap 1 *3 W 77/4 2*3 2*3 1/4 •mo (iprtu 14/3 IV3
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      Page 31 Advertisements Column 3
      493 31 v-i r— w I I DJASAGETRI I A Jok»t Europe Service Of: P.T. DJAKARTA LLOYD e f.T. KSUJH LLOYi P.T. SAMWERA MNKSIA e P.T. TMUMA ILOYB s CM NMN **********0-O EXPRESS SEMI-CO NT AINERSNIP SERVICE VSI/VOV SPORE R'DAI* H'BURC BREMEN ANTWERP ADAH SRIWIJAVA/SNt 7W-V3 2S/3 2*3 2/4 (M L J
      493 words
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      Page 31 Advertisements Column 4
      367 31 M MYANMA WBm. FIVE STAR LINE V\ (Burm«M National Una) w Loading tor YANGON S'pore P.Kelang Penang Bangkok PATHEIN V/M 22/27 FEB a FEW MERGUI V/ 97 22 FEB/1 MAR HPA-AN/VI47W 10/12 FEB HTONEYWA V2S3W IN PT/ 21 FEB PAGAN V/ISJ» 12/14 NAR THE BANK LINE (A aarvica of AndrawWair
      367 words
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      Page 32 Advertisements Column 1
      337 32 Z I WFEKLY STRAITS/MADRAS CONTAINER SERVICE I ran I DAILY lcl receiving at own cfs I US+J PENANG VESSEL P kelang SPORE IPK MADRAS 7 (FEEDER) EuyE 9U9 26/2 3/3 20/2 MFLITA gOJS 5/3 6/3 7/3 12/3 MACOLINE 27/2 LEUVE 9120 1 13/3 18/3 BOOKING: MACOLINE S'PORE *****11 PK (03)
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      Page 32 Advertisements Column 2
      265 32 JkHYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND FROM USA j TO PSW aw hkc ibh oak st> FROM PSW lbm oak sea hkc KST"" mSSSSS SS SS'SSnSSSEc. iSSSSSSSSSK ssssss ssx l r ma s ss as ss as hyuhda! tmoßjß* at SS nw tint am htwdai challenger nw Km 01*3 wm
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      Page 33 Advertisements Column 1
      642 33 InterCoa MAKI IIMt: ITK I.TI» Biweekly fcl/lcl. to: far EAST JAPAN EyROPE FIJI ISLAND K-AnuQii iwr TOKYO 1/3 LE HAVRE 5/3 LAUTOKA 2/3 KEELUNG -4/3 YOKOHAMA -1/3 ROTTERDAM -5/3 SUVA MANILA 2/3 KOBE 1/3 UK PORTS 5/3 BANGKOK 3/3 GOTHENBURG 5/3 HONGKONG 1/3 W ScanDutehtf 1 lueocw <twi pioajm www
      642 words
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      Page 33 Advertisements Column 2
      386 33 J"Nedlloyd WE GIVE YOU THE WORLD H £U«M 143 170 U/3 14/3 IW 2W lj 'g* j 2$ W u 28/3 31,3 21/3 28/3 SB V* W 24/4 '*4 W (C) TIS M Khmt J IHH| I TT~ Shi j« •L® l 53C» Mrm w *w *w I A M.W~/W7<y
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      Page 34 Advertisements Column 1
      1049 34 USESSM VOY *INOO *PK/PNG [sGP LB CHLS NFK NYC HFX NEPTUNE JADE 23 26/2 27/2 1/3 24/3 3/4 5/4 7/4 11/4 OOCI FORTUNE 19 5/3 6/3 1/3 31/3 10/4 12/4 14/4 U/4 AMBASSADOR BRIDGE 27 12/3 13/3 15/3 7/4 17/4 19/4 21/4 25/4 NEPTUNE GARNET 23 19/3 20/3 22/3 14/4
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      Page 34 Advertisements Column 2
      656 34 I\ ETO SIN (1 <**) I♦ o WY) +.(IWY) CHR|ST|NE/ I 01/03/90 PORT KELANC PENANC BANGKOK VICTOR TWICE/WKLY I (3 DAYS) i(2 DAYS) +(1 DAY) 1 I 03/03/90 HOWG KOWG j—ik KAOHSIUNG KEELUNC JOYCE/JUDY —Jk/ TWICE/WKLY FTD SIN (6 DAYS) +(10AY) ~"~1 ♦(4 DAYS) I I 02/03/90 BUSAN MAWILA NAGOYA
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      Page 34 Advertisements Column 3
      276 34 Continental Pacific Shipping r "J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S TORE PK LOADING FOR ■ARIA K SW Sid Sid SETE/RDM/ANT/FLU/UK TAIPAN 3/3 W RDM/ANT/FLU/UK ARTEMStON 4/3 SETE/ROM/ANT/FI.U/UK Loads Sabah/lndonMia .sc v. MULTIPORT A6ENCIES (S) PTE LTD. h "***77 FAX: MWI 1 V i P M MULTVONT MM M4O.
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      Page 34 Advertisements Column 4
      591 34 /k?vl GOLDEN LINE A GUAN GUAN SHIPPING (PTE) LTD iL' a. Triok Ay«r Smt SINGAPORE SIM Til UUM (M LINES) Fu UOSM STRAITS/PERSIAN GULF SERVICE: tai P. tota* fmm GOLDEN HARVEST 6J Wm OOLDEN WONDER Catantoflijr«Si/w*«i 24/ X Iter cm ha service DAI YUN SNAN HMNpa/Stangai IN POET TU QWK
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      Page 35 Advertisements Column 1
      1381 35 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) Bookings: UK/EUROPE *****19, AUST/INDIA/PAK *****18 mm M USA *****16, FAR EAST *****48 Documentation: *****44/*****14 MW Terminal: *****22 CFS: M 2 IMPORT: *****69/*****50 ftlM EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L.-*****33, P.Kelang-*****87, Penang-*****0, J.Bahru-*****3, *****4 W~— 1 1 —rrT w vi(lfvny LKH
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      Page 35 Advertisements Column 2
      1182 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: 120C41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PCNAM P. MM MESSRS MAI THONG SHIPfINC 127 PananaStraaL Pana*. Materia W NANOUNG SYSTEM 00 SON.
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      Page 36 Advertisements Column 1
      745 36 DSR LINES I VEB DEUTRACHT/SEEREEDEREI ROSTOCK v INTEGRATED CONTAINER SERVICE I J MEMBER OF EACON SERVICE I t ITO EAST MEDITERRANEAN I NORTH CONTINENT EUROPE B J OUTBOUND SIN ICA ANT ROM HBG RST I H ■> i GROTEWOHL 2/10 07/01 21/03 30/03 30/03 01/0* W V MNSTAOT 1/10 17/03
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      Page 36 Advertisements Column 2
      1017 36 UKC CONVENTIONAL «KMVIC« Vnxl P KLC PNC PC Lo*in« hx PING AN CHENG 2S/2 HANCHUAN 2/3 Bottfton/Antwp Mmii nnx COWTAIWMI MtMYICK Votm PKLG PNC SPOKE BKK HKC S HAI Q'DAO VANG FANG KOU V 123 W W «3 8g 14/3 WEI HE 46 20/2 22/2 26/2 5/3 9/3 AccMtinc FCL
      1,017 words
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      Page 36 Advertisements Column 3
      250 36 rnj I UIHLV I nuviwunn Wbi« w ivk aw INDONESIA PORT PAOANG/PK. BALAM SEMARANG/PANJANG/CIGADING/ BENGKULU VSL ETA ETD LOADING FOR DELI INDAH 1.3.90 2.3.90 PANJANG/PK. BALAM NAGA JAYA In Port 4.3.90 PANJANG LAMPUNG JAYA 27.2.90 28.2.90 SEMARANG/PANJANG i PINANG JAYA 4.3.90 2.3.90 PANJANG/PK. BALAM PERITA JAYA 6.3.90 5.3.90 PANJANG/JAKARTA ABADI
      250 words
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      Page 36 Advertisements Column 4
      619 36 POSEIDON CONTAINER TRANSPORT I GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL I CONVENTIONAL CARGOES I AFGHANISTAN I Hairaton, Tourghundi, Kabul, 1 Herat, Mazar-I-Sharif, Mashad, Kushka IRAN jiDjulfa, Astara VIA ILYICHEVSK ETD SINGAPORE :7/03, 16/03, 22/03, 29/03, 31/3 1 EUROPE all inland points: VIA VOSTOCHNY Poland,
      619 words
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      Page 36 Advertisements Column 5
      493 36 ■Bui mJk HilS JENUNK 144N Wad 21/2 Si V* PIVA BHLHI 214* Wad ap V* DEJA BHUM O*W Sun 4/3 Mad 7/3 Sim BHUM 430N Man S/3 Tlwr tfl ARNSTAPT Wl Man Iff M W» JgjUMK Mgl OM 7/3 Sat W3 PITA BHUM MM Wad 7/3 Sat HO PDA BHUM
      493 words
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      Page 37 Advertisements Column 1
      1048 37 SMlrrlllb llflina, lucauajr, rcumoij igg' mm VESSEL VOY SINGAPORE KHF/DUBAI JEDOAH LANKA SRIMANI 75W 8/3 13/3 20/3 LANKA RUWAN 4W 25/3 LANKA SRIMATHI 74W 7/3 13/3 20/3 ALSO ACCEPTING CARGO (FCL/LCL) FOR:A) INDIAN PORTS MADRAS; TUTICORIN; COCHIN; MANGALORE; BOMBAY B) ARABIAN GULF PORTS SHARJAH; DUBAI; BAHRAIN; DAMMAM; KUWAIT; MUSCAT C)
      1,048 words
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      Page 37 Advertisements Column 2
      225 37 V UPHC^p ACCEPTING FCL AND CONVENTIONAL PtN/PXO ETA LOADING FOB SPORE ABB AY WOHZ IWOB O ARESSALAAM MOMBASA DJBOUTI VOY 23W8 ASSAB. MASSAWA HOOEIOAM AMO I NET 2V04 OARESSALAAM MOMBASA. DJIBOUTI ASSAB MASSAWA MOOEIOAH Q MEN HUNGTwE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL
      225 words
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      Page 37 Advertisements Column 3
      597 37 zrrrssrrsrrsTTTSTv PapULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S'PORE, INDONESIA, MALAYSIA ft THAILAND I ALSO ACCEPTING LCL CARGO TO JKT, PUG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 —woAPQBt iwoowwu «tmnct VOY SIN JKT PAJ SIN PUL SENTOSA
      597 words
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      Page 37 Advertisements Column 4
      574 37 rrog BAY OF BENGAL SERVICES KUELIHI >11 iAA CCU MY ILOVIK 100N SLO 4/3 LEUVEIII3 SLO 2/3 PAITHOON 33N 3/3 11/3 0 SINCERITY 21A 1* 17/3 SUSAK 101N S/3 12/3 MO JI 1M 7/1 20/3 VEGA MA 7* 21/3 TIGER RIVER MCNO 11/3 17/3 ILOVIK IS2N 11/3 16/3 A GONCMAROV
      574 words
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      Page 37 Advertisements Column 5
      316 37 jliiuSj&l- .e« WE HAVE GOT THE FASTEST TRANSIT TIME |j: TO AUSTRALIA! 1 1* k*. 1 NEXT VESSEL: m.v. "tnt express" V 242 V ETA 2/3/90 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANAOA/EUROPE/MEOITERRANEAN c; Vtl Hti Fli Hmi Ant Fo*■*
      316 words
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      Page 38 Advertisements Column 1
      982 38 K jflaMMMiiiHffl mIP NEW USA iMh. PNG jfKL |lh»> W |Vn SIN |LAX IQAK IHOU IDAi ICm< INOII IHM HYC §gpy|££ QALLS BUNGA BUTANG V.02 —Hg ALLICATOH VtCTOWT V-ITIX W W zhh \Z SINGAPORE BUNGA BUTANG V.O* V AU-tGATOi SWHOWf U3 W V* EUEDV BUNGA BUTAHG TST —M 0 AU.ICATOW
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  • Page 38 Miscellaneous
    • Miscellaneous
      Page 38 Miscellaneous Column 1
      136 38 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 0730 HOURS ON FEB 27,1M0. LEGEND R Thunderstorm d,rec on lth *>" d kno y Shower t j Rom Wove height Cloudy Sky Surface winds ore indicated by orrows which fly with the wind One full circle represents calm or light and variable winds
      136 words