The Business Times, 26 April 1990

Microfilm: NL16972
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 170/12/89 Thursday April 26 1990 75*
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  • NEWS SUMMARY
    • Article
      Thai Airways places order for 13 Airbus aircraft
      46 1 THAI Airways International has ordered 13 airliners from the European consortium Airbus Industrie. It has ordered eight A 330 twin-engined wide-bodied aircraft, which Airbus plans to introduce in 1993, and five A3OO-600R planes, Airbus' current twinengined wide-bodied airliner.
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    • Article
      Taiwanese switch
      45 1 TAIWAN plans to switch import-buying from Japan to the US and Europe to reduce its huge trade deficit with Tokyo. Vice-Economic Minister Chiang Ping-kun said in Taipei yesterday that the plans could prevent Taiwan's trade gap from widening in the next few years.
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    • Article
      New economic star
      26 1 PUDONG, a 200 sq km region east of Shanghai, looks destined to become one of China's most important special economic zones Page 4
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    • Article
      Thai debt rethink
      32 1 THAILAND is examining a proposal to raise a US$l.2 billion limit on fresh foreign debt that its government and state enterprises are allowed to commit each year Page 4
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    • Article
      In Lithuania's wake
      26 1 THE CRISIS in Lithuania could delay planned American defence cuts for up to two years, says US Defence Secretary Dick Cheney Page 5
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    • Article
      E Bloc boost for trade
      39 1 ECONOMIC REFORM in Eastern Europe could boost world trade by 10 per cent but initial growth will be limited by a weak economic base and high debts, says the American Express Bank Page 5
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    • Article
      Reel romance
      30 1 THE stranger-than-fiction love story of Anthony and Frances Toto has been made into a film, I Love You to Death, starring Kevin KJine and Tracey Ullman Page 9
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    • Article
      A grand show
      32 1 AMERICAN Marine (Singapore) launched its first 58-foot Grand Banks yesterday, with plans for 15 more to come off the line in the next two years. Shipping Times Page 1
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    • Article
      Sea Cold wins contract
      30 1 SINGAPORE'S Sea Cold Technologies, part of the Sea Containers Group, has won a US$4 million contract to supply equipment to ACT (A). Shipping Times Page 18
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  • MARKETS SUMMARY
    • Article
      Dow Jones higher
      40 1 WALL STREET turned upward yesterday morning, bidding to reverse a week-long decline. The Dow Jones average of 30 industrials, down 111.27 points over the past five sessions, rose 11.27 to 2,665.77 in the first hour of trading.
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    • Article
      Footsie lower
      39 1 LONDON share prices dropped sharply at midday yesterday, reeling from an unexpectedly sharp widening in Britain's trade deficit in March. At about 1115 GMT, the FTSE Index was down 9.9 points, or 0.5 per cent, at 2,150.0.
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    • Article
      Rasborns speak out
      21 1 THE RASBORN family has explained why it sold its entire 23 per cent stake in Metalock Page 2
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    • Article
      Saviour for Singland?
      21 1 HOCK LOCK SIEW considers the chances of a white knight for Singapore Land coming from Hongkong Page 2
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    • Article
      Bond Corp stake
      28 1 HONGKONG-LISTED Tomson Pacific Ltd is holding discussions that may lead to it making an offer for a minority stake in Bond Corp International Page 3
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    • Article
      Ministries at odds
      15 1 TWO JAPANESE ministries are at odds over commodity futures funds Page 18
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    • Article, Illustration
      STOCK INDICES
      28 1 Wednesday (lunge BT-MGA „....733.60 -5.98 Kuala Lumpur ....527.06 2.58 Hongkong 3,018.58 +2.74 Tokyo 29,564.36 +62.98 Sydney Closed Tuesday Change New York 2,654.50 -12.16 London 2,159.9 +0.7
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.8760 Yen (100) SS1.I788 MS SS0.6900 Money market rates Overnight 6 3/8% +1/16 3-month 6 3/4 unch
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    • Article
      COMMODITIES
      29 1 London Gold PM fix US$371.45 USS—5.35 Rubber (Apr 24) S'pore May l57.00»/kg -0.50 M'sia May 228.50«/kg -1.50 KL Tin Turnover 99 tonnes -41 Spot MS 17.2 l/kg -0.10
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  • Article
    Local firms seeking entry to E Europe
    437 1  -  By Sangeeta Mulchand LOCAL COMPANIES keen to break into Eastern European markets are turning to the Eastern Bloc's traditional trading partners from the West Austria, Finland and West Germany among them for a leg up. "With the shortage of hard currency in the
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  • Article
    E Europe's open window: great risk, great opportunity
    385 1  -  By Kenneth James THE OPENING UP of Eastern Europe offers immense potential for business, but the risks and the possibility of failure must be considered high, chief executives from the region have been told. The CEOs were attending a dinner recently to
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  • Article
    Lock icon Regional Gatt talks to be held in M'sia
    213 1 AFP ASIA-PACIFIC MEMBERS of the General Agreement on Tariffs and Trade (Gatt) will meet in Malaysia next month to discuss the final phase of multilateral talks on trade liberalisation. The two-day informal meeting, beginning on May 28, is to group senior trade
    AFP  -  213 words
  • Article, Illustration
    Lock icon China, Soviet Union agree to differ on socialist models
    322 1 Reuter AFP CHINA'S Premier Li Peng and President Mikhail Gorbachev have agreed to expand economic ties and reduce border forces, while also agreeing to differ on their interpretation of socialism. Both leaders said there was no universal formulae and cut-and-dried ways
    Reuter; AFP  -  322 words
  • Article
    Lock icon Tokyo poll predicts economic slowdown
    176 1 AFP MORE JAPANESE companies have predicted that Japan's economy will slow down its expansion in the second half of this fiscal year due to higher interest rates. Japan's Federation of Economic Organisations (Keidanren) said in a survey report yesterday that 60.4 per cent of company
    AFP  -  176 words
  • Article
    Buoyant decade likely for marine industry
    254 1 THE MARINE INDUSTRY, now fully recovered from the mid-80s doldrums, is facing a decade of good growth. Assistant secretary-general of the National Trades Union Congress, Yu-Foo Yee Shoon, said the average growth of the industry should be around 8 per cent. In the long
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      283 1 Cassette Receiver D Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone 235 1333 Kuala lumper: Phone 757 0233 Panang: Phone 615 985/619 014 Jakarta: Phone 374 085/380 1472 MAKING THE WORLD A BETTER PLACE 6 Aircraft Schedule 19 Regional News 4 World Stock Markets 16 Commodities 18 Regional
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      Page 1 Advertisements Column 2
      74 1 Join BT contest JOIN BTs Wordskill Contest. Winners of the contest will get a dinner treat each at littour, courtesy of ShangriLa Hotel. The contest is spread over three days. Contest forms and details will be published on April 30, May 1 and May 2. Don't miss B'l on those
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      Page 1 Advertisements Column 3
      24 1 Warning to US, Pg 5 Business Times wish all a Srirnt 'Jhui 2fe«« I The Prime Minister wishes Singapore Muslims "Selamat Hari Raya Aidilfitri".
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    • Advertisement
      Page 1 Advertisements Column 4
      108 1 Exdustv 7065 C More stories, Pg S See Shipping Times Pgl Apology IN THE April 4, 1990, issue of Business Times, it was stated that Lamipak, once a sterling example of a homegrown Singapore manufacturer, was dragged into insolvency in the mid-1980s by bad management and corporate skulduggery. Business Times
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        The Hour Glass in Hongkong venture
        77 2 THE HOUR GLASS Ltd has set up a joint venture with Swiss Prestige Ltd to distribute products under the brand name "Gerald Genta" in Hongkong. The Hour Glass will take up 60 per cent of The Hour Glass (HK) Ltd while Swiss Prestige will
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      • Article
        NSTP has two new directors
        58 2 XtfE New Straits Times Press has appointed two additional directors Halim Saad and Zulkifly Rafique to its board with immediate effect. Mr Halim, 36, is the executive vice-chairman of United Engineers (M) Bhd and the concession company, Projek Lebuhraya Utara-Selatan Bhd (PLUS), a member of
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      • Article
        Malaya Glass profit rises
        101 2 MALAYA GLASS Bhd has reported an after-tax profit of M 54.84 million (M 54.52 million previously) on a turnover of M 532.46 million (M 525.39 million) for the six months ended Jan 31, 1990. Earnings per share came to 19.5 sen (18.2 sen). Directors have declared
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      • Article
        M Plantations explains deal
        112 2 MALAYSIAN PLANTATIONS Bhd has told the Kuala Lumpur Stock Exchange (KLSE) that its wholly-owned subsidiary, Brooklands (Selangor) Rubber Company Ltd, agreed to sell to Kumpulan Perangsang Selangor Bhd (KPS) up to 1,680 hectares of land for tin mining purposes at a price of M$ 1,600 per
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      • Article
        Promet's share option scheme
        80 2 r' Promet Bhd has announced a proposal for an Employees' Share Option Scheme (Esos) to give eligible executives and executive directors an opportunity to participate in the equity of the company. Bumiputra Merchant Bankers Bhd (BMBB), the company's financial adviser for the scheme, said in a
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      • Article
        Ming Court issue gets SES nod
        47 2 MING COURT Hotel Ltd said yesterday that it has obtained in-principle approval from the Stock Exchange of Singapore for its l-for-5 bonus issue of 3.62 million new shares. A circular to shareholders containing more details will be despatched soon, it added.
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    • Article, Illustration
      Rasborn family explains sale of entire Metalock stake
      481 2  -  By William Chia THE Rasborn family, one of the founding shareholders of Sesdaq-listed Metalock (Singapore) Ltd, sold its entire stake in the marine engineering company because it was made an "all or nothing offer" at a price that was too good to
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    • Article
      Perlis Plantations posts M$99m after-tax profits
      369 2  -  By Magdalene Ng PERLIS PLANTATIONS Bhd, the Malaysian flagship company of tycoon Robert Kuok, has chalked up posttax group profits of M 599.41 million on turnover of slightly more than $2 billion for the year ending Dec 31, 1989, compared with M$ 104.28 million
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    • Article
      Sing Investments profit up 44pc
      266 2 LIVING UP to earlier forecasts, listed finance company Sing Investments Finance has reported a 44 per cent jump in group after-tax profits to a record $4.87 million for the year ended Dec 31, 1989. Much of it was due to a 50 per cent boost
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    • Article
      Japanese bank takes stake in Pacific Bank Bhd
      251 2  -  By Quak Hiang Whai JAPAN'S Yasuda Trust and Banking Co has bought over American Express Bank's 20.1 per cent stake in Malaysia's Pacific Bank Bhd for about USS9.S million. Officials from Yasuda and Amex signed an agreement in New York on Tuesday
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    • Article
      Three block deals in UIC this week
      453 2  -  By Magdalene Ng UNITED Industrial Corporation shares are being actively traded by separate groups of investors who hold contrarian views about the asset trader's takeover bid for Singapore Land. UIC, which now holds a near 30 per cent stake in Sing Land, is
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    • Article, Illustration
      Why not forget SingLand and make a bid for the bidder?
      625 2  -  THE HOCK LOCK SIEW COLUMN By Catherine Ong MINORITY shareholders of Singapore Land who are waiting with expectations of a foreign white knight or knights to come to the rescue of the Tao family should not raise their hopes
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      108 2 As of Monday, April 23,1990 Business Times Advertisement Sales Department will be located at PUB Building, 111 Somerset Road, #13-06 Singapore 0923. Te1:737-8800 Fax:23s-9320 Tlx: RS ***** BTAD Please call 737-8800 or 730.... followed by individual extensions: Kenneth Teo 5825 Iris Lim 5826 Joe Heng 5976 Eileen Tan 5977 Clarence
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Milken must testify or face stiffer sanctions
      579 3 AP Reuter DISGRACED junk bond king Michael Milken will have to cooperate with federal investigators including taking the witness stand, or else he will face stiffer sanctions, US federal securities regulators said on Tuesday. Milken, the financier who reshaped Wall Street in the
      AP; Reuter  -  579 words
    • Article
      Tomson Pacific in talks to buy Aussie stake in Bond Corp
      441 3  -  From Catherine Ong in HONGKONG THE end of the Hongkong chapter of the Alan Bond saga looks imminent with yesterday's announcement that a company backed by a Taibusinessman and casino tycoon Stanley Ho, is negotiating to buy out the
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    • Article
      Lock icon Quaker Oats to spin off Fisher-Price
      246 3 NYT ENDING MONTHS of speculation, the Quaker Oats Co said on Tuesday that it would leave the volatile toy business by spinning off its Fisher-Price division into an independent company. The plan calls for Quaker shareholders to receive shares in a freestanding FisherPrice. The
      NYT  -  246 words
    • Article, Illustration
      Lock icon Analysts foresee end of dull drive for Daimler-Benz
      657 3 Reuter DAIMLER-BENZ AG, West Germany's largest company, is expected to announce roughly unchanged 1989 earnings this week, but analysts say this should be the fourth and final year of stagnant profits. "I take a very positive view of Daimler-Benz, and the turnaround
      Reuter  -  657 words
    • Article
      Lock icon Framatome proposes split with shareholder
      182 3 AFP THE management of Framatome, the world's leading builder of nuclear power reactors, has proposed a "friendly divorce" from its biggest shareholder because of disagreement over a European strategy. The disagreement between the French company, and its shareholder Compagnie Generate d'Electricite (CGE), concerns mainly the
      AFP  -  182 words
    • Article
      Lock icon Advanced Nippon steel plant comes on-stream
      122 3 NYT THE Nippon Steel Corp of Japan and Inland Steel Industries of Chicago officially began production on Tuesday on one of the world's most advanced plants for finishing steel. At the US$45O million plant, in New Carlisle, bands of sheet steel go through a
      NYT  -  122 words
    • COMPANY BRIEFS
      • Article
        Hoechst net profit rises 5.7pc to 2.13b marks
        90 3 WEST GERMAN chemicals group Hoechst on Tuesday posted a 5.7 per cent increase in its net consolidated profit for last year to 2.13 billion Deutsche marks (US$l.26 billioo). The net profit of the parent company Hoechst AG increased 22.S per cent to
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      • Article
        Midland expects lower earnings
        87 3 MIDLAND BANK chairman and chief executive Sir Kit McMahon warned shareholders on Tuesday that the bank's results, hit by high interest rates, were likely to be poor ttys year. Sir Kit said profit would be "well below the level achieved in the very different conditions prevalent
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      • Article
        Bouygues profit up 10 per cent
        65 3 BOUYGUES of France, one of the world's biggest construction groups, on Tuesday posted a 10 per cent rise in its net consolidated group profit to 573 million francs (US$lO2 million) for 1989 compared with the previous year. Consolidated pre-tax sales rose 16 per cent
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      • Article
        Toyota to build Pakistani plant
        103 3 TOYOTA MOTOR CORP, Japan's largest car maker, »$d on Tuesday it will build a motor manufacturing plant in Pakistan by late 1992 or early 1993, teaming up with local interests in a total investment of 10.5 billion yen (U5166.5 million). A Toyota official said the
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      • Article
        Cargill eyes Japanese market
        95 3 CARGILL INC, the mammoth US grain trader, is plailni&g to supply concentrated orange juice imported from Brazil to the Japanese market in April 1992. The Nihon Keizai Shimbun, quoting informed sources, said on Tuesday Cargffi. is expected to supply Japanese drink and milk concerns with concentrated
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      143 3 CHARTPOINTI Every Saturday in Business Times Since 1735 there has never been a quartz Blancpain watch. And there never will bi| v Model shown > JBL > Blanc pail^ Faithful to the traditional art;&f watchmaking, each watch is $$l assembled, polished and finishedlSy hand by the individual watchmakc In all,
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  • THE REGION
    • NOTE BOOK
      • Article
        Beijing taking steps to cool down economy
        99 4 CHINA has disclosed that it is adjusting some of its economic policies to cool down an overheated economy and eliminate the "chaotic situation" in some areas, but is not retreating from reform or its opening to the outside world. China's Minister of Foreign
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      • Article
        World's biggest opal claim
        64 4 MINERS in the small Australian Outback town of Coobcr Pedy yesterday claimed to have found the world's biggest opal, an uncut rock that weighs 5.27 kg and worth an estimated US$3 million. Named Jupiter 5, the stone is a milky-white opal that the miners said was
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      • Article
        Of tuk-tuks and becaks
        107 4 BANGKOK'S notorious "tuk-tuk", a fast motoriscd threewheeler, has been proposed as a cheap mode of public transport to replace Jakarta's "becaks" or pcdicabs which are being phased out, according to press reports in the Indonesian capital yesterday. Members of the municipal Parliament put a "tuk-tuk" on
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      • Article
        Helping hand for silk industry
        64 4 INDONESIA is to develop its silk industry with help from the Soviet republic of Uzbekistan and India. Indonesian Cooperatives Minister Bustanil Arifin announced in Jakarta yesterday that Uzbekistan would send two experts and an interpreter in June to study the feasibility of developing the industry.
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      • Article
        Viets to be trained at Toyota
        94 4 THE JAPAN-VIETNAM Trade Association is planning to accept Vietnamese trainees sent by the Vietnam Chamber of Commerce and Industry and to hold a machinery exhibition in Hanoi this year. The first group, of five vehicle engineers, would be arriving in Japan in May to
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      • Article
        KL business call to Malays
        73 4 MALAYSIAN Deputy Prime Minister Ghafar Baba has called for more active participation by Malays in business to enhance their economic position as compared with other communities in the country. He said they must improve the almost 20 per cent achievement made so far in the
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    • Article
      Pudong — Beijing's challenge to HK
      549 4 Pudong Beijing's challenge to HK SHANGHAI'S reformist mayor, Mr Zhu Rongji, is to head a high-level delegation to Hongkong in the middle of June to promote investment opportunities in Pudong, the 200 sq km region to the east of Shanghai destined to become one of China's most important special economic
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    • Article, Illustration
      S Korean workers hoist their demands
      45 4 Striking workers of Hyundai Heavy Industries Co marching with flags outside their shipyard plant in Ulsan, South Korea, yesterday. They were demanding that legal proceedings against six arrested union leaders be dropped and that a management-labour agreement be implemented.
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    • Article
      Lock icon Thailand considers raising debt limit
      176 4 Reuter THAILAND is studying a < proposal to raise a US$l.2 billion limit oa fresh (breigii debt that its government and state enterprises are allowed to commit each year, Finance Minister Pramual Sabhavasu said. Government and private economists have proposed the easing on Thailand's conser-
      Reuter  -  176 words
    • Article
      Lock icon Philippine electricity crisis spreads throughout Luzon
      411 4 AP THE PHILIPPINES' electricity crisis has spread throughout the main island of Luzon and power rationing may have to be implemented in other parts of the country as well, officials said yesterday. Manila began a limited four-day workweek on Monday, with power shut off
      AP  -  411 words
    • Article
      Lock icon Thai budget approved
      138 4 Reuter THE THAI CABINET approved a draft of a balanced national budget for the fiscal year starting Oct 1 which includes a major increase in government investment on economic infrastructure. A cabinet spokesman said next year's proposed government expenditure of 387.5 billion baht, against 335 billion for
      Reuter  -  138 words
    • Article
      Lock icon States wary of proposed Aussie watchdog
      426 4 AFP THE AUSTRALIAN government, eager to redeem the country's corporate image after a series of spectacular collapses, is running into stiff resistance from individual states. Canberra's plan for a national business watchdog, the fruit of years of deliberations, has been greeted with one major
      AFP  -  426 words
    • Article
      Lock icon M'sian business staying on an even keel
      370 4 MBT THE PERFORMANCE of Malaysian business in the first quarter of this year was maintained but at a slower pace compared with the rapid growth registered last year. For the first quarter, the Business Conditions Index of the Malaysian Institute of Economic Research
      MBT  -  370 words
    • Article
      Lock icon M'sian consumers confident about economy: report
      320 4 Bernama A SHARP RISE in consumer sentiment during the first quarter of this year shows that consumers will continue to feel confident in the economy this year, the Malaysian Institute of Economic Research (MIER) said. MIER added in its quarterly report on consumer sentiments
      Bernama  -  320 words
    • Article
      Lock icon More telecom facilities for HK
      234 4 AFP A NEW LINE of advanced worldwide telecommunications products and services for multinational companies was launched in Hongkong on Tuesday by Britain's Cable and Wireless pic and US Sprint Inc, officials said. The new brand of products, called GLOBAL FON (Fibre Optic Network), is aimed
      AFP  -  234 words
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  • THE WORLD
    • Article
      Lock icon Lithuanian crisis may delay US defence cuts, says Cheney
      447 5 Reuter THE CRISIS in Lithuania could delay planned American defence cuts for up to two years. US Defence Secretary Dick Cheney said on Tuesday that the actions of Soviet leader Mikhail Gorbachev in dealing with Lithuania's demands for independence would have
      Reuter  -  447 words
    • Article
      Lock icon E Bloc reforms may boost trade 10pc: Amex
      218 5 AFP ECONOMIC REFORM in Eastern Europe could boost world trade by 10 per cent but initial growth will be limited by a weak economic base and high debts, says the American Express Bank in the latest issue of the Amex Bank Review.
      AFP  -  218 words
    • Article
      Lock icon Surge in US wages raises fears of inflation
      239 5 AP THE US government says Americans' pay and benefits shot up 5.5 per cent over the past 12 months, the largest jump in six years, raising strong fears about inflation. Health insurance costs alone rose 12.1 per cent. One economist, after the
      AP  -  239 words
    • Article
      Lock icon Japan faces threat of recession by 1991: economists
      243 5 AFP JAPAN'S economic slowdown threatens to push the country into a recession by 1991, an economic thinktank said yesterday. Japan's economy is expected to grow by only 2 per cent this year and, coupled with the fall on the Tokyo stock exchange,
      AFP  -  243 words
    • Article
      Lock icon Rocky path to monetary union
      399 5 AFP THE EAST GERMAN economy faces major problems associated with German monetary union although Monday's announcement of a one-for-one exchange rate between Deutschemarks and Ost marks was broadly in line with the hopes of the East German leadership. The first non-Communist government in East Germany
      AFP  -  399 words
    • Article, Illustration
      Feeling the impact of Soviet sanctions
      42 5 The local people of Vilnius waiting outside a shop for delivery of goods on Tuesday. The Lithuanian government has decided to ration food and other supplies following the imposition of economic sanctions by the Soviet Union.
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    • Article
      Lock icon Japan warns US it will appeal to Gatt
      328 5 AFP JAPAN will appeal to the General Agreement on Tariffs and Trade (Gatt) if the United States names it for a second time as an unfair trading partner, a senior Japanese trade official warned on Tuesday. "We will go to Gatt this
      AFP  -  328 words
    • Article
      Lock icon US trade negotiator confident of deal with Moscow
      275 5 Reuter THE CHIEF US negotiator in trade talks with the Soviet Union hopes to complete a deal with Moscow this week in spite of expected American reprisals against the Soviet crackdown on Lithuania. Asked in a telephone interview if he expected to
      Reuter  -  275 words
    • WORLD WATCH
      • Article
        East Germany to lift foreign ownership curbs
        86 5 EAST GERMANY will soon allow 100 per cent foreign ownership of East German businesses, the country's Economics Minister was quoted as saying on Tuesday. Gerhard Pohl said East Germany would repeal recent laws restricting foreign ownership in East German joint ventures to 49
        86 words
      • Article
        Nod for US hi-tech export law
        78 5 A US HOUSE PANEL has approved legislation that eases restrictions on the sale of computers and other high-technolo-gy items to Eastern Europe. The measure, which now goes to the House Foreign Affairs Committee, will allow the sale of many items, but it will draw
        78 words
      • Article
        Italian-Japanese fax tie-up
        71 5 OLIVETTI, SANYO AND MITSUI have opened a factory in Pozzuoli to produce fax machines, the first high-technology joint venture involving Italian and Japanese companies in southern Italy. Carlo De Benedetti, chairman of Olivetti, Italy's largest computer group, said on Tuesday that the plant could "integrate Olivetti's extensive
        71 words
      • Article
        Three win environmental prizes
        84 5 AN IRISH SUBSIDIARY of a Japanese chemicals company and two French companies have won the 1990 European Better Environment Awards for Industry. The awards, presented by European Community Environment Commissioner Carlo Ripa di Meana at a ceremony in Paris on Tuesday, do not include a financial
        84 words
      • Article
        French trade deficit narrows
        70 5 THE FRENCH TRADE DEFICIT narrowed to 858 million francs (US$l S3 million) last month thanks to a rise in exports to Eastern Europe and more trade with West Germany. The February trade deficit was 1.08 billion francs. The German boom arising from the opening of new
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      • Article
        Ice cream venture in Moscow
        80 5 BASKIN-ROBBINS INC has signed a joint-venture agreement with Soviet officials to build an ice cream plant in a Moscow suburb. The US ice cream company, and its parent, Allied-Lyons pic of London, said they had reached an agreement with the Ministry for Trade for the
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      Page 5 Advertisements Column 1
      40 5 sgjgEu-" Pffll mf II Vr v flttv^l P^SMH jB^^HBI^^BB JBr fl rW(» km y "ff/ i SM I^^^^BnKHfi@flS|^^^&J The Mulberry Shop, Scotts Shopping Centre. Also at Tangs, Daimaru, Halley's Paragon. LONDON PARIS COLOGNE AMSTERDAM TOKYO. STOCKHOLM. COPENHAGEN. GOTHENBERO MILAN. TORONTO.
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  • Article
    A place to call home
    492 6 EDITORIAL THE EMIGRATION BUG is dealing the Indian community a double blow. Law and Home Affairs Minister S Jayakumar recently expressed the government's concern that ethnic Indians form a disproportionately high number of emigrating Singaporeans. To make matters worse, many of those leaving are highly
    492 words
  • WHAT THE OTHERS SAY
    • Article
      No tango in Moscow
      232 6 CHINESE PREMIER Li Peng's visit to Moscow turns on several issues. Notable among them are the poor state of health of communism around the world and Soviet President Mikhail Gorbachev's handling of the question of secession as demanded by some Soviet republics, spearheaded by Lithuania. This
      232 words
    • Article
      Setting the stage
      142 6 THE STAGE is set for Mr Goh Chok Tong to take over from Prime Minister Lee Kuan Yew. But the transition is not sudden, rather it is the culmination of a process began in the mid-*****. Mr Lee s endorsement of the second-generation leadership has won support
      142 words
    • Article
      Subject for examination
      126 6 THOSE WHO took part in dialogue sessions with the Feedback Unit felt that Civics/Moral Education, which will replace Religious Knowledge in 1992, should be made an examination subject. Otherwise, they argued, it would be discarded like a pair of worn-out shoes even though the subject may be
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  • REGIONAL VIEWPOINTS
    • Article
      Liberals with a cause
      169 6 THE LAUNCH yesterday of the United Democrats marked a new era in Hongkong politics. As the territory's first fully-fledged party, it will act as a catalyst for other factions setting up rival organisations to fight next year's inaugural direct elections to the Legislative Council. The liberals
      169 words
    • Article
      As weakened giants meet
      174 6 IF PRESIDENT Mikhail Gorbachev's problems had not increased so rapidly since his historic visit to Beijing last May in the midst of student protests that culminated in June's bloody crackdown in Tiananmen Square, he would perhaps have met Prime Minister Li Peng, who arrived in Moscow
      174 words
    • Article
      Regrettable words
      170 6 TALK ABOUT stirring up a hornet's nest. The statements about Malays being incapable of doing business and yet grabbing a monopoly over the country's trade and commerce attributed to former Prime Minister Tunku Abdul Rahman have generated passionate rebuttals from political and business leaders of all races. Tunku
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  • Article, Illustration
    Lock icon If the world is to be a better place
    1008 6 The General Agreement on Tariffs and Trade is in danger of withering. Much will be lost if it does Economist After more than three years of talks, and with just eight months to go, the Uruguay Round of trade talks has
    Economist  -  1,008 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      52 6 Aggressive new breed of corporate 1 Businesses hit the Road to Myanmar Ejl I Corporate melting pot 1 Singapore investments ebb 1 Down Under 1 Sembawang Shipyard photo special < 1 I 1 Investment spotlight on Sembawang VHB 1 Shipyard, UMW Holdings r I K 7\ 1 m I r
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  • Page 6 Miscellaneous
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  • SPORTS
    • Article, Illustration
      Lock icon Becker struggles to beat qualifier in Monte Carlo
      473 7 AP THREE-TIME Wimbledon •.►champion Boris Bcckcr, in first singles match in ;*Jnore than a month, struggled beat a French qualifier in !»!hc US$ 1 million Monte CarOpen on Tuesday. Becker, the No 2 seed, *'dbwncd Cedric Piolinc, rated ?'lT>7th in the world,
      AP  -  473 words
    • SIDE LINES
      • Article
        Rangers defeat White Sox
        94 7 RUBEN SIERRA hit a two-run homer in the ninth inning off Chicago relief ace Bob Thigpen and then Pete Incaviglia came along and did the same thing as the Texas Rangers beat the Chicago White Sox 5-4 on Tuesday night. Reliever Kenny Rogers (1-0) pitched 2
        94 words
      • Article
        Tyson to take on Tillman
        103 7 MIKE TYSON's first fight since losing the heavyweight title will be against Henry Tillman on June 16 in Caesars Palace at Las Vegas, Nevada. Don King Productions said on Tuesday that former heavyweight champion George Foreman will fight against Adilson Rodriguez. Tyson, 37-1 with 33
        103 words
      • Article
        Umpire charged with theft
        61 7 A MAJOR LEAGUE baseball umpire Bob Engel has been charged with stealing 4,180 baseball cards from a retail store. Authorities said Bob Engel, 56, was released from jail on US$5,OOO bail last Saturday and is scheduled to be arraigned on May 2 on counts of commercial
        61 words
      • Article
        N Korea to pay prize money
        69 7 HARDLINE communist North Korea plans to stage its firstever prize-carrying sporting event in August by inviting football teams from six nations, said a Korean sports official yesterday. It was seen as another example of North Korea's limited open-door policy after laying its first golf
        69 words
    • Article
      Lock icon Hassler, the unquenchable spirit
      345 7 NYT A WEEK AGO, Thomas Hassler found Utopia. Now West Germany's favourite footballing son, he signed a contract to play for Juventus, the Italian club of his choice, after the World Cup. Consequently, it is hard to see him failing to join the sporting millionaires. Not
      NYT  -  345 words
    • Article
      Lock icon Cabestany wins first leg of Spanish Tour
      198 7 AP SPANIARD Pedro Ruiz Cabestany led a pack of 197 riders in the 45th annual Tour of Spain cycling race on Tuesday after he and two team-mates won the first leg, an 1 1.5-km time trial. Ruiz Cabestany took 13 minutes, 22.43 seconds
      AP  -  198 words
    • Article
      Lock icon Davis to take on old foe White in semi-finals
      202 7 AFP SNOOKER's big four arc all through to the semi-finals of the World Championships. Steve Davis, six times world champion and a finalist for the past seven years, faces his old adversary Jimmy White while Stephen Hendry and John Parrott shoot
      AFP  -  202 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      69 7 B I S S j j |i i M// JB flj w ii^^Ml li i^BL I IK I ~Bj* p fe? -i%j/t/l^/tjt/KK/^K/Kfßte* r 7~-s~'"j£ys v csssssssssB3BflHMHMHHfli r; fek 188 v.. j ,-*!!!"r w HB SPRING/SUMMER '90 IJff jfITH BOUTIQUES: SINGAPORE: Shaw Centre 001-028 Tangs Level 1. KUALA LUMPUR: Kuala Lumpur
      69 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      235 8 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot. MM r \T >i 'if Spies S/echuan dishes served at lunch and dinner dailv in the cool, inviting atmosphere of Szechuan Court. Reservation. :$3O 8310 or 338 8585 ext *****/6.
      235 words
    • Advertisement
      Page 8 Advertisements Column 2
      352 8 noimc&s yj THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price? For starters, take your pick of our cold dishes prawns on ice, fresh oysters, smoked salmon, melon and dried ham, vegetable terrine, mixed seafood salad, cooked assorted vegetables and homemade dressings. Select
      352 words
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      Page 8 Advertisements Column 3
      211 8 ■Br First drink charge: Sun to Thurs $12++ Fri, Sat and Eve of Public Holiday $15++ Happy Hours 6 Bpm: First drink charge inclusive oi 2 drinks »w i r\ *> v 0 A- m 1 c 3 C&y Vw Secretaries' Week%j Get away from the 'grind' at the office
      211 words
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      Page 8 Advertisements Column 4
      273 8 SAVOISB An all consuming passion for Spain sweeps into The Belvedere this month. It's an extraordinary, spread to be relished and savoured, along with specially imported Spanish wines. The Belvedere's Spanish Buffet It's worth fighting a bull to get to. r Spanish Buffet Lunch 1 30 April "90 Noon 2.30pm
      273 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      613 8 TELEVISION AND RADIO nMBaWMrnMMWMWMMIIIWWWIIIIiMMWWWWiIMIWnHWWMMWWWnWMIMtWMMrrWnriMM'IIi Hi HI 'II |i' 1 ittir»yin>-Wi»-wrtf-"ir Villi lfmi¥l—miWMnrrn» m I /> SBC 12 11.40 21 lamp Street. U5 Hari lUya Prayers in Micci. BUSIHf?SSON RAPfO" v Love of money or sport? a -a. SSL awt-sr- A "50 AM Zong YllO3l (Q. 7.00 CaMe News IMmHI 5
      613 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Love is a many splattered thing
      830 9  -  A wife fails eight times to kill his unfaithful husband. They live happily after. Hollywood makes a movie. Michael Hinds visits the town where it happened Michael Hinds NYT TWO FOR "the nut movie", local residents say through the hole in the ticket window
      NYT  -  830 words
    • Article
      Lock icon Enter the electrified highway
      715 9  -  Matthew Wald looks at a radical mode of motoring Matthew Wald NYT IN A RADICALLY different approach to commercialising electric vehicles and thereby cutting air pollution, Southern California Edison Co and the Los Angeles Department of Water and Power announced plans on Wednesday to build a
      NYT  -  715 words
    • Article
      Mexican museum to show off Quinn of arts
      527 9 CHJlfliiiM AN EXHIBITION of actor Anthony Quinn's paintings and sculptures opens later this week at the National History Museum in Chapultepec Castle, Mexico City. Quinn, who was born in the state of Chihuahua, will donate to the museum two sculptures and a
      527 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      231 9 AND ENTERTAIN Add A Little Spice To Your Secs Lefe. SECRETARIES WEEK J jHHHak 4k SPECIALS APRIL 23 TO 2S, V AND Z» 11 RESERVATIONS [a IJgHL ni 1322 EXT,vu 11 PRICES ARE SUBJECT II TO 10% SERVICE charge and 4* cess. It's Secretaries' Week, April 23 to 28. So
      231 words
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      Page 9 Advertisements Column 2
      277 9 I TIENGOURT* ft SaCHUANCUOME I For a Wealth of Exotic Ij I Sichuan Delights! E fl Whether it's our mouth-watering steamboat prepared B from the freshest ingredients in a rich, savoury stock B fl or the spiciest, tangiest Sichuan dishes expertly prepared H by our experienced chefs, Tien Court promises
      277 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares end mixed on higher turnover
      4413 10  -  By Lim Mui Khi SHARE PRICES on the Singapore stock market closed mixed yesterday on higher turnover. The Straits Times Industrials Index fell 11.17 points to 1,467.84. Selective bargain-hunting, however, led to 108 counters finishing higher against 98 which fell. The Business Times Composite
      4,413 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4133 11 Main Board Inno-Pacific 132 +16 +13.8% FAN 870 +10 +1.2% Prima 590 +10 +1.7% Chuan Hup 126 +6 +5.0% SPH 785 +5 +0.6% UOB 580 5 +0.9% Inchcape 565 +5 +0.9% Avimo 2C 228 +5 +2.2% Spore Fodder 175 +5 +2.9% Eu Yan Sang 480
    4,133 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      PROPOSED ISSUES
      320 12 C—ipiiy Rights tent Caaaaay ha Cap** reducton scheme to reduce par re<ue of shares from $100 to I $0 60: fbgfits issue of 3:2 fe $0 60 P* »aft HB One-tor-one MgjjO P» »hart Fahar Merfc One-tor-one MJ0 25 par stare. Mowed by a share taap ot taa
      320 words
    • Article
      AUDITED RESULTS
      192 12 Cmmmv Dato Ymt 6ra«p Mtt N«t Mrnings Gross anil to (L) p*r »Ur» dividend (•000) (c«ito) Apr 24 Dec 89 $26,876(527.356) 24.4(24 9) 16(14) Smcmanne Apr 23 Dec 89 $14,659($7,106) 14(9) 8(7) S Shipyard Apr 23 Dec 89 $46,416($27.370) 28.1(16.6) 15(10) Dunlop Est Apr 23 Dec 89 M$18.131(ll$39,503
      192 words
    • Article
      DIVIDENDS ANNOUNCED
      1350 12 Currant Ex B«*s D«to Total tar Tatal far payment data doM payaMe the year last year Arrt* En| 6*TE0) Apr U Apr 17 Apr 28 6*TE 6*TE Anno 15%TE Feb 28 Mar 12 May 15 25*TE »*Tt bat 90 9*(n) Apr 6 Apr 19 May 3 122 7*(n)
      1,350 words
    • Article
      PRELIMINARY RESULTS
      225 12 CMiMny D«t« Year Creep pre-tax Net Hnhp Oreas MR to preM/lea* (L) per slur* dMdead COM) (canto) B Raya Apr 12 Dec 89 Mil 1.901 (M$6.626) 18(1.8) 2(1) IMpha mtl Apr 10 Dec 89 M$20,616l($3,165l) Tat Lee Bank Ape 7 Dec 89 $22.579c($14.675c) 14 4(8 6a) 8(6.5a) lurong
      225 words
    • Article
      RESULTS DUE
      560 12 Singapore Stocks Last F«i Ywr Company M Dih tw M EPS M aanacad nh| (cab) Ar pafl M r«* (TNI) BMT Wenm tan 27 Jun 90 1696 1000 S16 katan F«al Feb 28 Nov 89 39.1 10.0 11.73 MvcaPtfe Fm* Mar 27 Dec 89 3.4711 lea« Hot Interim
      560 words
    • Article
      INTERIM RESULTS
      70 12 Company Date Half-year Greep pre-tax Interim mm ta praflt/taat (L) dhrWaad ('000) NST Apr 20 Feb 90 MJ37,114(MJ13.674) 10(6.5) Times Pub Apr 20 Feb 90 $18.904($15,694) 4(4) Msian Oxy Apr 12 Mar 90 MJ19,612(M$13.783) TV3 Apr 5 Feb 90 MJ16,467(MJ13.742) 8(8) Faber MerHn Mar 31 Dec 89 M57.055KJ22.316l)
      70 words
    • Article
      BONDS, LOANS & WARRANTS
      611 12 BONDS, LOANS WARRANTS I J Ca»ariai imfj Cmmnkm >aa tar aa n C—«■!) Lea 1 CwntM 2/10/89 to 20/10/94 1 warrant pta $1 ca* or 1 mtmI ptos $1 mmmt amount of low stock. Qmm »top Itotos L QnltoM March >7 to 31/12/91 1-55 wrote ptos >1.55 cah. Oaa) to*
      611 words
    • Article
      CORPORATE DEVELOPMENTS
      163 12 tofi 24 Mrtalock Far East Ltd (MFE), has sold its 23.88% stake in Sesdaq-listed Metalock (S) Ltd HsM Ptaza Ltd, a subsidiary of United Overseas Land, will soon be floated on the Stock Exchange of Singapore. Aori 23 Kappei Corporation, which had completed its takeover of Asia Commercial
      163 words
    • Article
      APPROVED ISSUES
      331 12 Company Rights Iww Hftak One-tor-one (a, $1 85 per share Estate Apr 23 Books Close May 1 Acceptance t Payment NYA MM One-tor tour M*2 40 per share Ex-date Mar 8 Books dose Mar 22 Acceptance Payment May 10 Uer Hoe Capital Restructuring Scheme (CRS) involving the cancelation
      331 words
    • Article
      RECORD HIGHS & LOWS
      127 12 RECORD HIGHS LOWS dt r nm rvxttf> index ST Industrials Index SST isr isis SmS 1990 tor 1269.52 (25/4/90) 1JB 14g j 6 (26/12/89) 1S2? "X/fiS 1030.89 (4/1/89) 22 Si ,21 !/i/2 l9n *****7 (8/8/88) 5SSS I/?/S iMt tar ***** (4/l/88) 2LML, ,25" Ji/2 1607 12 < 27/3/90 > M-ltow
      127 words
    • Article
      COMPANY MEETINGS
      76 12 Overseas Utfon Secuities Ltd: 13th AGM at the Mandarin Court V, Mandarin Hotel, Orchard Road, Singapore 0923 on Friday, Apr 27, at 11am. United Overseas Bart Lid: EGM at the Board Room, 30th Floor UO6 Bufldmg, No 1 Benham Street Singapore 0104 on Monday, Apr 30, at 12
      76 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      201 12 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, Is here again. The theme of this year's bumper Issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's
      201 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stock prices end firmer ahead of festive break
      3614 13 Bernama Reuter MBT STOCK PRICES closed firmer yesterday on covering and bargain-hunting ahead of the Muslim festive holiday, brokers said. The market was open for half a day's trading yesterday and will be closed today and tomorrow. Other regional markets will also
      Bernama; Reuter; MBT  -  3,614 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      173 13 SINGAPORE BUSINESS/SAMSONITE SUBSCRIPTION PROMOTION THIS MONTH'S LUCKY DRAW PRIZE Worth $595 G3.ch Subscription rates: 12 issues of Singapore Business 5548.00 12 issues of Singapore Business and a copy of the Yearbook '90 5554.00 3&jjj 'East Malaysia *****.00 (Registered second class •Overseas -5594.00 (Surface j 'NOTf: Overseas subscription includes a yearbook
      173 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Last-minute buying firms share prices
      2258 14 TOKYO share prices closed firmer yesterday after getting a last-minute shove from investors in relatively active trade. Investors shopped for individual stocks, sometimes speculatively, in a market that was lethargic ahead of Japan's Golden Week holiday period which starts this weekend. "To say the market
      2,258 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Shares rise marginally in quiet trading
      2575 14 SHARE PRICES closed marginally firmer in Hongkong yesterday after fluctuating within a narrow range for most of the day. The Hang Seng Index rose 2.74 points to close at 3,018.58. "Nothing much has happened in Hongkong (yesterday)," one broker said. "I think we've just
      2,575 words
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  • REGIONAL STOCK MARKETS
    • Cement, textile stocks boost Thai market
      • Article
        BANGKOK
        676 15 THE THAI market's official index closed higher in moderate trade yesterday after a strong rally by footwear, textile and cement issues, brokers said. "Heavy weighted cement blue-chips and footwear issues saved the day. Market sentiment was boosted by the better than expected first quarter results of Siam Cement," an
        676 words
      • Article
        MANILA
        485 15 PHILIPPINE shares sagged yesterday despite the easing of selling pressure as buyers were concerned by fears of a coup and the electric power shortage. "Time was, investors used to worry only about when the next coup (attempt) would be. Now investors are also concerned the economy might slow down
        485 words
      • Article
        TAIPEI
        385 15 TAIWAN stocks finished slightly lower yesterday after a day of active trading as investors rushed to take profits after a string of gains this week, dealers said. The Weighted Index rose more than 100 points in early trading, but slumped to close 30.99 points, or 0.3 per cent, lower
        385 words
      • Article
        SEOUL
        887 15 SEOUL stocks fell to a new low yesterday as poor investor sentiment and buying pressure from many unsettled margin accounts pushed the index below 760, brokers said. The composite stock index lost 13.40 points to 755.07. Volume was even lower than on Tuesday, at 93.9 billion won against 97.7
        887 words
      • Article
        JAKARTA
        369 15 THE JAKARTA stock market was closed yesterday and will remain closed for the rest of this week. It resumes trading on Tuesday, May 2. The Australian and New Zealand markets were closed yesterday. The Bombay report was not available at press time. Jakarta 2 4 Hupiah VoiCOO) Aqua Golden
        369 words
      • Article
        Untitled
        1062 15 Australia Apr 24 A Cents VoKW) ANZBank 492 -8 2613 Add Stm 455 10 84 Ariadne 8 unch 2480 BHP 894 10 2750 Bell Group 16 unch BougvlleC 116 -4 177 CRA 1125 20 1150 Coles Myer 770 unch 757 Denehurst 99 unch 485 Elders Ixl 182 -4 2832 General
        1,062 words
      • Article
        Untitled
        324 15 la local curreacy la S$ la USS day year day year day year 24 lade* rhaat d—t day World 405.4 0.0 -12.8 -0.4 -16.7 -0.5 -15.8 $EAFE 569.6 -0.5 -16.4 -0.9 -21.4 -t.O -20.5 Europe 429.4 -0.5 -4.7 -0.4 -4.7 -0 5 -3 7. Pacific 971.3 -0.6 -16.6 -1.2 -30.8
        324 words
      • Article
        Untitled
        85 15 Cloac Prcvioas Apr 25 Apr 24 SYDNEY All Ordinaries Index Closed 1,468.1 All Industrials Index Closed 2,283.8 All Resources Index Closed 845.4 Turnover (million) Closed 60.20 BANGKOK SET Index 847.03 842.04 +4.99 Turnover (nearest 000) 14,053 14,099 -46 JAKARTA Composite Index Closed 638.80 Turnover (nearest '000) Closed 2,490 MANILA Composite
        85 words
  • Page 15 Advertisements
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  • WORLD STOCK MARKETS
    • Technology stocks pull Wall Street lowe
      • Article, Illustration
        NEW YORK
        1048 16 AN EARLY Wall Street rally on Tuesday proved short-lived as shares ended weaker, succumbing to soft bond prices, futures-related selling and a late decline in the technology sector. Prospects for higher interest rates both in the US and abroad continued to loom in the background. Up nearly 11
        1,048 words
      • Article, Illustration
        LONDON
        833 16 LONDON share prices dropped sharply at midday yesterday, reeling from an unexpectedly sharp widening in Britain's trade deficit in March. Dealers said market makers immediately marked down major share prices after the trade figures were released at 1030 GMT. The cuts made the Financial Times-Stock Exchange 100-share index lose
        833 words
      • Article
        AMSTERDAM
        341 16 DUTCH share prices eased in very quiet and directionless trading early yesterday due to insecurity over interest rates and consequences of the one-to-one mark swap, traders said. "We are also not expecting any impetus from domestic news as most annual results have been published and dividends have largely been
        341 words
      • Article
        FRANKFURT
        303 16 MODERATE speculative buying pushed West German shares higher in lacklustre and cautious trade yesterday, helped by a slight recovery of the German bond market. The 30-share DAX Index rose 12.78 points to finish at 1,843.31. It had plunged 54.34 points during the first two days of this week following
        303 words
      • Article
        PARIS
        280 16 FRENCH share prices held gains by midday yesterday in relatively quiet trading but with Source Perrier rising strongly in much heavier volume than usual, dealers said. The CAC-40 Index was up 2.66 points at 2,104.06 by 1100 GMT after starting at 2,104.48. Perrier rose 63 francs to 1,725 with
        280 words
      • Article
        ZURICH
        352 16 SWISS shares turned slightly lower in thin midday-trading yesterday after a steady opening. In the light of high Swiss interest rates most investors preferred to keep sidelined. The negative trend on Wall Street contributed to the softer tone, dealers said. The all-share SPI Index slipped 3.7 points to 1,057.3
        352 words
      • Article
        JOHANNESBURG
        398 16 GOLD SHARES in Johannesburg remained depressed at noon yesterday after the continuous slide of recent weeks,; as a decline in the bullion price to around US$375 an ounce put added pressure on prices, dealers said. However, price falls were cushioned by a sharp weakening of the financial rand in
        398 words
      • Article
        TORONTO
        215 16 TORONTO stocks lost their early gains and closed slightly lower on continuing the market's downward 0 slide, dealers said. Soft US bond prices weakened Wall Street and spread to Toronto, they added. Gold shares slipped despite firmer London bullion prices. The Composite Index dropped, 3.18 to 3,740.96 on volume
        215 words
      • Article
        Untitled
        203 16 Brussels Apr 24 Francs FORWARD MARKET Acec 4680 -40 Arbed 5530 -20 Astur 1540 unch Brascan 678 -2 Canpac 660 +14 Cock 207 -3 Dc Beers 732 -10 Ebes 4265 -20 Gb-Inno-Bm 1344 -14 Gevaert 8400 unch Gr Bru Lamb 3970 unch Hobok Petro ***** +25 Ryl Dutch 2605 +10
        203 words
      • Article
        Untitled
        87 16 Apr 24 Qoae Previous NEW YORK Dow Jones 2,654.50 2,666 66 -12.16 NYSE Financial 135.53 136.18 -0.65 SAP 500 330.36 331.05 -0 69 Turnover (million) 137.36 137.0 +0.36 LONDON Financial Times 30 1,697.2 1,692.7 +4.5 FTSE 100 2,159.9 2,159.2 +0.7 Turnover (million) 372.9 382.6 -9.7 AMSTERDAM CBS General 195.10 197.20
        87 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Pound hit by news of larger than expected British deficits
      1216 17 FOREX MARKET REPOR THE BRITISH POUND fell about half a US cent and one pfennig in London trading yesterday following wider than expected UK current account and trade deficits. Dealers said sterling was hit by news of a larger than
      1,216 words
    • Article
      INTERBANK FOREX RATES
      390 17 Cross rates Apr 25 USS SS MS Dm Yen SFr AJ NZS USS 1.8780 2.7180 1.6945 159.05 0.6116 1.4795 1.3038 1.7153 SS 0.5325 1.4473 0.9023 0.8469 0.3257 0.7878 0.6942 0.9133 MS 0.3679 69.09 0.6234 0.5852 0.2250 0.5443 0.4797 0.6311 Dm 0.5901 1.1083 1.6040 93.86 0.3609 0.8731 0.7694
      390 words
    • Article
      MONEY MARKET
      568 17 Interbank rates S$ Bid Offer Overnight 6 3/8 6 1/2 1-month 6 9/16 6 11/16 2-month 6 5/8 6 3/4 3-month 6 3/4 6 7/8 Overnight mode: 6-7/16 LS$ Bid Offer 7 days 8 5/16 8 7/16 1 month 8 3/8 8 1/2 2 months 8 1/2 8
      568 words
    • Article
      Lock icon Japan fears mark proposal could raise interest rates
      386 17 Reuter JAPANESE OFFICIALS and economists arc worried about a worldwide increase in interest rates as a con sequence of West Germany's proposed one-for-onc exchange rate for East German marks. The uncertain economic future of a united Germany has already helped fuel a
      Reuter  -  386 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1408 17 SjjjEX EUWOOOLLAH Open High Low Sett Est Vol Op/Int Vol Jun 90 91.22 91.23 91.20 91.22 5159 ***** 5U4 Sep 90 91.00 91.01 90.97 90.98 7555 7788 3336 Dec 90 90.80 90.81 90.77 90.79 1150 2602 1121 Mar 91 90.72 90.72 90.67 90.68 275 610 233
      1,408 words
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  • COMMODITIES
    • Article
      Lock icon Tokyo ministries at odds over commodity futures
      447 18 Reuter JAPAN'S Ministry of International Trade and Industry (Miti) and Ministry of Finance (MOF) are at odds over whether to allow trade houses and leasing firms to continue selling commodity futures funds, recently introduced in the country. Miti, on behalf of local trade
      Reuter  -  447 words
    • Article
      Lock icon Talk of Opec cuts sends prices up
      288 18 Reuter OIL PRICES have staged a strong recovery because the market thinks that the Organisation of Petroleum Exporting Countries (Opec) may cut excess output. Ahead of Opec crisis talks next week, Middle-East political pressure intensified on three states Saudi Arabia, Kuwait and the
      Reuter  -  288 words
    • Article
      Lock icon KLCE to organise international futures meeting
      186 18 Bernama THE Kuala Lumpur Commodity Exchange (KLCE) will organise a two-day international futures conference in Kuala Lumpur from Nov 5 in conjunction with its 10th anniversary. KLCE chief executive Syed Abdul Jabbar Shahabudin said in a statement on Tuesday that the conference was timely
      Bernama  -  186 words
    • Article
      Lock icon Taipei acts against illegal futures firms
      240 18 AFP THE BUREAU of Investigation (BOI) has cracked down on 10 illegal futures companies and five more underground investment houses in a stepped up effort to curb illicit economic activities in Taiwan, bureau officials said yesterday. After interrogation, executives of the 10 futures firms
      AFP  -  240 words
    • Article
      Gold finishes easier in quiet and thin traded
      246 18 REPORTS Hongkong: Japanese and US selling, triggering local follow--through selling, pressured gold to end lower in quiet and thin trade, dealers said yesterday. A softer tone in silver price in New York triggered yesterday's selling pressure, one dealer said. He said: "A
      246 words
    • Article
      PRICES
      1335 18 Rubber a^m MM flat In fcataa) ScentVkg Noon Clwc Inl I RSS Prompt IS4.00*I55.00N I54 00*I55.00N Int I RSS May 90 157.00*157.50 157.00*157.50 Int I RSS June I59.2VI59.75 I59.2VI59.75 Int 2 RSS OP l5l.50m3.50N l5l.5<yi53.SON IM 3 RSS OP 146.00*I48.00N 146 00/I48.00N Int 4 RSS OP 142.00* 144.00N I42.00*I44.00N
      1,335 words
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      432 18 NOTICES I NOTICE NOTICE IS HEREBY GIVEN that, I, Ng Boon Huang of Apt Bik 346 Ang Mo Kk> Ave 3 #03-2078 Singapore 2056, have applied for a Retail Uquor Shop licence In reepect of premises at M/e Tlan Ngoh Tdg Co. at Bik 347 Ang Mo Kk> Ave 3,
      432 words
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      Page 18 Advertisements Column 2
      15 18 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times
      15 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1013 19 Fight ETA Fight ETD City Fight ETA Fltftf ETD AtaDhaM GA887 GA975 KL839 1225 KL840 1300 GA894 1415 2115 2350 SQ103 MH605 SQ105 SQ107 0950 1020 1050 1305 •MH606 SQ106 SQ108 MH641 0940' 1045 1145 1315 SQ228 QF81 2015 UF82 2045 2200 SQ109 MH642 SQ111 MH609
    1,013 words
  • THE TRAVEL PACE
    • Article, Illustration
      All eyes on La Cartuja in 1992
      549 19  -  LETTER FROM SPAIN By Edward Cody ON A FLAT little island named La Cartuja, embraced by a fork in the Guadalquivir River, a sleepy city in southern Spain has staked its claim to the future. La Cartuja, 214 hectares named after a 15th
      549 words
    • Article
      MONEY CHANGER RATES
      152 19 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4820 1.4520 Canadian dollar 1.6030 1.6230 NZ dollar 1.0800 1.1100 Sterling pound 3.0550 3.0850 US dollar 1.8730 1.8830 Local dollars to 100 units of foreign currency Austrian schilling 15.30 16.30
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      111 19 Duration Title Venue Organiser Td Apr 21-26 International Barcelona Feria di (34)3/*****01 Motorcar Business and Accessories Exhibition Barcelona Apr 24-28 Exhibition of the Belgium Foirc Internati(32)2/*****77 Applications of Synthetic Materials A Composites onale De Bruxeiles S B I Apr 23 Zimbabwe Zimbabwe Zimbabwe (263)9/***** May 1 International
      111 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      64 19 V 1 y The businoi pcrwfl'i choke every Tuesday, \J J A 1 I m I Thunday, Saturday and Sunday. Leaving Changi I 1 I I 1I I Airport at 21:55 houn and arriving at Logan I I I M I International Airport the following day. CmU your travel agent
      64 words
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      Page 19 Advertisements Column 2
      201 19 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's
      201 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      223 19 .1 Will keep share as ordered jPKjZE—^^^ 10 Italian wine right from 11 Means of lowering beams 12 Would campers put them up for a change? (4-5) 13 Serio-comic basket-maker? .14 Labelling North America I I I 1 i i 1 1 VHT |HV 18 Hydrant made from light '8
      223 words
    • Miscellaneous
      Page 19 Miscellaneous Column 2
      210 19 Singapore Outlook: Scattered showers in several areas ia the afternoon Report Max temp 34.5"C Assoc humidity 94% Min temp. 26.0"C Assoc humidity 58% Hts of sunshine 6.70 Rainfall in mm 0.2 Rainfall this mth 50.8 mm Rainy days this mth 9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 22/17 Fair Bangkok
      210 words
    • Miscellaneous
      Page 19 Miscellaneous Column 3
      9 19 i h.gkJMJhMMtBIBg (J™ M V "A STANDARD CO. LTD,
      9 words
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  • Article
    Lock icon Bush goes easy on Lithuania to strengthen Gorbachev's hand
    392 20 Agencies PRESIDENT George Bush of the US, tying his foreign policy ever closer to Soviet leader Mikhail Gorbachev's future, says he is holding ofT reprisals for Moscow's crackdown on Lithuania partly for fear of helping the Soviet leader's hardline opponents. Warning
    Agencies  -  392 words
  • Article, Illustration
    Lock icon Ad spending up a whopping 26 per cent in first quarter
    434 20  -  By Sangeeta Mulchand SURPASSING industry expectations of less than 10 per cent growth this year, advertising expenditure for the first quarter surged 26 per cent to hit $123.7 million. In the first quarter last year, ad spending was $98.1
    Source: SRS ADEX  -  434 words
  • Article
    Lock icon Manila to raise tariffs, speed up sale of state assets
    257 20 AFP THE PHILIPPINES plans to increase tariffs and speed up the sale of state assets, including jewels left by former first lady Imelda Marcos, to close a growing budget deficit. Officials in Manila said yesterday these "interim" revenue-generating measures were
    AFP  -  257 words
  • Article
    Townerville tender: three firms steal show
    365 20  -  By Lilian Ang IF PRICE is the decisive factor, more than 900 bidders for the Urban Redevelopment Authority's (URA) Townerville houses are likely to end up disappointed. Three companies Luxurious Construction, Henry Investment, and Nam Hee Contractor have between them outbid everybody else. And
    365 words
  • Article, Illustration
    Govt-linked companies should set their sights abroad
    766 20  -  The Bottom Line YONG POW ANG YONG POW ANG The writer is a correspondent on BT's Politics and Economics Desk KEPPEL's acquisition of Asia Commercial Bank (ACB) has closed yet another sad chapter of local private entrepreneurship. Given the chequered history of ACB
    766 words
  • Article
    SPH to print leading Japanese economic paper
    408 20 JAPANESE living or working in this region will soon get to read the Nihon Keizai Shimbun (Nikkei). Japan's leading economic newspaper, on the same day as their compatriots back home. That is being made possible by a open-ended deal signed yesterday under which
    408 words
  • Article
    Lock icon Congress must craft Budget: senator
    133 20 AP THE CHAIRMAN of the US Senate Budget Committee said on Tuesday that Congress must craft its own 1991 Budget because the Bush administration isn't giving it serious attention. Senator James Sasser said he hoped to draft a US$l.2trillion budget by having members consider at
    AP  -  133 words
  • Article
    Natas acts to curb travel staff poaching
    307 20 IN A UNIQUE move aimed at curbing excessive poaching in the travel industry, would-be employers have been asked to state their intentions to current employers of staff they intend hiring. This was one of three resolutions passed at the National Association of Travel
    307 words
  • Article
    Findings on Thai deaths
    100 20 PRELIMINARY investigations have suggested that the >udden deaths among Thai construction workers in Singapore have nothing to do with their working or living conditions. Rather, the cause was inherent in the individuals who died. The Permanent Secretary (Health) and Director of Medical Services. Dr Kwa Soon
    100 words
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  • SHIPPING TIMES
    • Article, Illustration
      First 58-ft Grand Banks from American Marine
      522 21  -  By Dexter Lee AMERICAN Marine (Singapore), the wholly-owned subsidiary of listed GB Holdings, launched its first 58-foot Grand Banks yesterday with 15 more coming off the line in the next two years. Orders for the GBSB arc worth a cool $1.7 million each,
      522 words
    • Article
      Lock icon Workers at Hyundai's Ulsan shipyard go on strike
      299 21 AFP SOME 20,000 workers at Hyundai Heavy Industries Co Went on strike yesterday in the south-eastern port city of Ulsan and the government responded by sending in some 3,000 riot police. Workers at the Ulsan yard, 320 km south-east of Seoul, said
      AFP  -  299 words
    • Article
      Lines rapped for Sydney congestion surcharge plan
      496 21  -  From John Spiers IN SYDNEY CONFERENCE and independent lines which tried to impose a As2oo per TEU container congestion surcharge on the port of Sydney were attacked for their "cost-plus mentality" by the Prices Surveillance Authority which has rejected the surcharge. The PSA
      496 words
    • Article
      Thai Airways ends six of its GSA agreements
      300 21 THAI AIRWAYS International has ended six of its General Sales Agency (GSA) agreements, a move expected to save the national carrier at least 280 million baht a year paid in commissions alone. These are in France, India, Pakistan, South Korea, Taiwan and
      300 words
    • Article
      Lock icon United Germany set to be third biggest builder
      382 21 Reuter WHEN East and West Germany unite, their shipbuilding industry will rank third in the world after Japan and South Korea, the head of East Germany's only shipping group said on Tuesday. Juergen Begemann, direc-tor-general of VEB Kombinat Schiffbau, said he saw
      Reuter  -  382 words
    • Article
      Lock icon Aeroflot cancels service from S'pore to Soviet Far East
      243 21 Reuter THE SOVIET airline Aeroflot has abruptly called off a proposed service from Singapore to Khabarovsk in the Soviet Far East scheduled to start yesterday, said an Aeroflot spokesman. The inaugural flight was cancelled last week because it did not have
      Reuter  -  243 words
    • NEWS SUMMARY
      • Article
        BIMCO enters the network game
        26 21 COPENHAGEN-based BIMCO has decided to enter the network game this year with a different kind of service, codenamed BIMCOM Page 2
        26 words
      • Article
        LNG delay unlikely to affect US plans
        46 21 A DECISION by Norway's state oil company to postpone a liquefied natural gas export project is unlikely to delay the reopening of idle US LNG terminals in the next few years, analysts and gas industry officials said Page 2
        46 words
      • Article
        SeaCold wins US$4m Aussie deal
        30 21 SINGAPORE'S Sea Cold Technologies, part of the Sea Containers Group, recently won a US$4 million contract to supply equipment to ACT (Australia) Ltd Back Page
        30 words
      • Article
        Unocal begins exploratory digging
        37 21 UNOCAL Thailand has begun exploratory drilling in new gas-prone concession tracts in the Gulf of Thailand after the delays caused by the loss of its Seacrest drillship during the Typhoon Gay Back Page
        37 words
      • Article
        New telecom products
        34 21 A NEW LINE of advanced worldwide telecommunications products and services for multinational companies was launched in Hongkong on Tuesday by Britain's Cable and Wireless pic and US Sprint Inc Back Page
        34 words
    • LOG BOOK
      • Article
        International Lease Finance leases 15 jets
        100 22 INTERNATIONAL LEASE FINANCE Corp has leased 15 jets to 11 airlines in deals worth US$7O5 million. The company, based in Beverly Hills, California, also completed several other transactions, including selling four aircraft and acting as agent in leasing two aircraft on behalf of the
        100 words
      • Article
        Talks on HK air services
        98 22 JAPANESE AND BRITISH delegations ended a second day of negotiations in Hongkong on a separate air services agreement between Hongkong and Japan. At present, flights between the British colony and Japan fall under pacts between Tokyo and London. A spokeswoman for Cathay Pacific Airways Ltd,
        98 words
      • Article
        Cocaine haul for UK customs
        117 22 BRITISH CUSTOMS OFFICERS using sniffer dogs on Tuesday seized a near-record haul of cocaine worth about £20 million hidden on a ship from South America. Officials made a spot check which turned up 50 kg of the drug on the Sun Tempest, which docked in
        117 words
      • Article
        Scandinavian Star death toll
        104 22 A FIRE THAT SWEPT THROUGH a Danish ferry as it travelled between Norway and Denmark earlier this month left 158 people dead, a final toll issued in Oslo on Tuesday said. An official communique said that Norwegian police had identified all 158 bodies of those who
        104 words
      • Article
        Safe landing for Boeing 757
        119 22 A BRITISH CALEDONIAN Boeing 757 charter flight which left the Kenyan Indian Ocean port of Mombasa for London's Gatwick Airport with 245 tourists and crew aboard landed in Nairobi safely after the plane's captain collapsed in the cockpit, an informed airport source said on Tuesday.
        119 words
    • Article, Illustration
      Lock icon Selling information networks
      614 22 A look at two organisations which provide an insight into the information demands of international maritime businesses Fairplay TAKE two organisations, one a big US-based technology firm, the other a private shipping information provider. Give both an insight into the information demands of international maritime businesses. Add
      Fairplay  -  614 words
    • Article
      Lock icon LNG delay unlikely to affect US plans
      319 22 Reuter A DECISION by Norway's state oil company to postpone a liquefied natural gas export project is unlikely to delay the reopening of idle US LNG terminals in the next few years, analysts and gas industry officials said. Statoil said on Tuesday that
      Reuter  -  319 words
    • Article
      COCKETT BUNKER MARKET REPORT
      855 22 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      855 words
    • Article
      THE SHIPPING GUIDE
      11913 30 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      11,913 words
    • Article
      SHIPPING AGENTS
      3322 35 !t\bC Containerline NV: KYC fcine (Syßenown Shpg (PK/PN). lccord Shpg: Accord Shpg Pte Ltd SyAccord Contr Line (M) Sdn Bhd frKVAccord Contr Line (PG) Sdn Bhd (PN). SdTTK Business Corporation Philippine: Calsource Shpg Trdg fte Ltd (S) ithrenkiel liner Service: Kim Shpg Jrdg (S). Wibatros Sea-Air Service; Frata
      3,322 words
    • Article
      COURIER SERVICES
      211 35 Abacus Courier* Td: 545-8011,448-6415. Air Express Service Td: 533-5771. Fix: *****44. Airborne Freight Corporation Td: 542-8844 Fax: *****16, *****80. Clty-Unk International Td: 344-3377. Fax: *****50. Cluster Link Supplies A Services Td: 296-5720. DHL Interaaboaal Td: 344-8955. 344-8933. Fax: *****61. DPE Courier Td: 284-4611 (7 lines). Fax: *****88 Emery
      211 words
    • Article
      AIR FORWARDERS
      1469 35 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aeroiiak KG Freight International Td: 545-5992. Td:°s42-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50. Air Market Express Td:
      1,469 words
    • Article
      PORT CONDITIONS
      2068 36 ANGOLA Soyo; One vessel berthed, none anchored; 6 vessels due by April 30 i Seven vessels berthed of which 3 general, 2 bulkers, 2 reefers; no vessels anchored; 12 vessels due by April 30. I ARGENTINA Labour working normally. Buenos Aires: Port busy; all general cargo berths occupied;
      2,068 words
    • Article
      AIR FREIGHT SCHEDULE
      493 36 ARRIVALS Op Flight Type ETA From TODAY KAL KE697 B747F 0155 SEL DLH LH/SQ4502 DCIOF 1825 FRA/DXB NCA KZ203 B747F 1935 NRT KAL KE685 A30F 2340 SEL/MNL FDX FM75 B747F 2355 JFK/IND/ANC/ NRT/TPE tomorrow JAL JL6I5 B747F 0340 TYO NWA NW90I B747F 1735 ORD/SEA/ ANC/NRT SI A
      493 words
    • Article
      SHIP SALES & TANKER RATES
      483 36 SHIP SALES TANKER RATES THE ROYAL Dutch/Shell group bought four tankers from the trustees of the estate of the late Christina Onassis and the Onassis group of companies. These are the Olympic Banner (268,889 dwt and built 1972). Olympic Brilliance (269,070 dwt and built 1973), Aristotle S. Onassis (273,900 dwt
      483 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        705 37 festal Voy No Barttt Arrival Depart™ K«ppd Wh, Ah Strength Handy Pmce IfVM 05fB K17 alongside 25.04/ 1800 14 K34 alongside 30.04/ 0700 tin 080 IE K29 alongside 26.04/ 1500 KMMlMVttt 2E K30 alongside 27 04/ 1830 Kap Smrnov 03/90A C09 alongside 25.04/ 2359 Kota Abadi E847
        705 words
      • Article
        CONTAINER SCHEDULE
        1619 37 RECEIVING Of EXPORT Ftt CONTAINERS AND LCL CARGO 9# Voy Nd kt Data Tana lim*"la*" Boat* Gala to Op Mi to Concord 05/964 26.04.90 1030 25/1730 25/1759 Portnet 2 P4 00 F05 25/2315 25/2344 NA 2 25/1830 25/1959 Portnet 2 R4 25/2345 26/0044 NA 2 AJ Stem* 71A
        1,619 words
      • Article
        IN MALAYSIAN PORTS
        236 37 Pwt Klawg South Port Sparkle Moon berth 3. KCT: Kota Makmur berth 8: Toyama berth 9; Liverpool Bay berth 10. North Port Posyet berth 11; Koki Maru berth 13; Hua Xia berth 14; Yu Heng berth 16; George Handke berth 18; Alpha Ace berth 18; Hai Men
        236 words
      • Article
        DAILY FREIGHTS
        827 37 THE current fall in dry cargo freight rates continued unabated on Tuesday with a lower fixture reported on the US Gulf/Continent grain run. A lump sum fixture was said to equate to around U5512.58 and prompted a downward revision in the rate for the run in the Baltic
        827 words
    • Article, Illustration
      SeaCold Technologies wins US$4m Australian contract
      182 38 SINGAPORE'S Sea Cold Technologies, part of the Sea Containers Group, recently won a US$4 million contract to supply equipment to ACT (Australia) Ltd. The order includes 380 marine clip-on refrigeration units and 48 special purpose transportation cribs. The entire package is due for completion
      182 words
    • Article
      Lock icon Revised accord for cable
      119 38 AFP JAPAN's Kokusai Denshin Denwa Co Ltd (KDD) said an agreement on a cable linking Hongkong, Japan and South Korea was revised on Tuesday to boost capacity and include three new carriers in the project. The new participants, which boost the number of carriers to 29
      AFP  -  119 words
    • Article
      Unocal begins exploratory drilling
      227 38 UNOCAL Thailand has begun exploratory drilling in new gas-prone concession tracts in the Gulf of Thailand after the delays caused by the loss of its Seacrest drillship during the Typhoon Gay. The Bangkok Post reports that drilling of the first of the four wells planned in
      227 words
    • Article
      Lock icon New line of telecom products launched
      236 38 AFP A NEW LINE of advanced worldwide telecommunications products and services for multinational companies was launched in Hongkong on Tuesday by Britain's Cable and Wireless pic and US Sprint Inc, officials said. The new brand of products, called GLOBAL FON (Fibre Optic Network), is
      AFP  -  236 words
    • Article, Illustration
      Shiprepair seminar to be held in May
      394 38 A NEW SEMINAR on shiprepair will be held in late May by Lloyd's of London Press (LLP), which will organise three other seminars on P&I, ocean carriers and maritime law in the next three months. In association with HAP Systems Limited, the shiprepair
      394 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      90 21 ■fglSB A lively way with WM Zt '*"*1 book** o Cockett Bunker Report 2 Ma to Mwrtoers 3 Shppng Gwte M.ll Mr forwarded 15 Conner Sences 15 9W A|w»» J* far Fratf* Schedule 16 Port Comttwß 16 Shpate/Twter Rates 16 Contamr Schedule -17 My Fratfits 17 Steps in Port 17
      90 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      136 22 finale 1 J» lrH?% For other reasons, said in your subscription now. 1 Please send name: ftame: Address: Address: Occupation: Occupation: J Tel: Tlx/Tax: Tel: Tlx/Fax: AIRMAIL SUBSCRIPTION RATES: I I want to subscribe for months at S/tlSs I enclose: SScheque/money order coufTTKics- 1 2m(h ftmths :vnth* I USsbank draft
      136 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      2185 23 ~z %%ll#f 200 Cantonment Road #12-05 Southpoinl Singopore 0208 \lllf# Tel *****11 TELEX NO RS ***** IVflTTlll terminal/cfs t«h *****1s 220 P RYcfl *1 BOOKINGS Tel *****34 235 J PESAKA JAROINE SHIPPING AGENCIES SDN BHD PORT KELANG TEL: *****18 TELEX SSraSSS m *****4 Ttltx MMO S J nL *****6 Ui'dicatecl
      2,185 words
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      Page 23 Advertisements Column 2
      957 23 INDEX TOADVWnSERS Page Col (o4 1 I Nihon-Asia Shpg 13 3 J Nippon Liner Sys 4 4/5 ABC Containerline 13 5 •NYKLine 3 4/5 Accord Shpg 8 3-5 Nortwlk 14 3 Albatrw Sea-Air 14 5 Norasia 9 I APC Line 14 4 Norasia Une 4 4/5 »APL 5 3-5 •Nortrans
      957 words
    • Advertisement
      Page 23 Advertisements Column 3
      2201 23 A V aj I mJ I Vmm Voy ETA I ETO "Port 'Pantng 3 DESTINATIONS Singapore Katang ft TMa MM MaiyaH M 9004 FMd« by CFS *V« 1»00 MRS M Tauro OAK LOB MOU MEM ATI MIA CMS BAL PHL NYC MOW TOR MARQRETHE M 9004 t/S 2/5 Hd 2BM
      2,201 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1240 24 ROTTERD am/ VOY NO S POflE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE I LARGS BAY 20/549 25/4 27/4 IVS 17/5 I®/5 20/5 a/5 MONTE ROSA 07/543 26/4 21/5 15/5 17/5 14/5 20/5 LONDON EXPRESS 11/552 2/5 4/5 22/5 24/5 26/5 27/5 »/5 k rilY nF FDINBURGH 89/551 3/5
      1,240 words
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      Page 24 Advertisements Column 2
      556 24 SOUTH PACIFIC SERVICE SIN POM LAE SUV PPT IRINI 25/4 6/5 8/5 15/5 20/5 DIRECT CHILE SERVICE SIN IQQ ANF VAP THO IRINI 25/4 29/5 1/6 4/6 6/6 Agf**• SINGAPORE: X *****0 BOOKINGS: *****08 L PBNAWG: < JOH Kg NORTHBOUND TO UKC I S PORE ROM/A DAM HBC HULUU.K.) CLYDEBANK
      556 words
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      Page 24 Advertisements Column 3
      1314 24 QyifrggA UMW| REGULAR WQEPENOeNT FULL COWTAWEB BCTV»Cg 1 WESTBOUND FOR EUROPE YSL/VOY SIN CLM VLT PRS ALG BCL FEL HAM BRE ROT ANT LHA (VIA (VIA (VIA VLT) HAM) F NORASIA SHARJAH *»-3 21/04 02)05 14/05 WOS 19/05 21/05 28/05 »<O5 NORASIA MUBARAK 9009-3 06/05 23% 27/05 2*05 30% 31-06
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1398 25 Ltdjj kgPtO WP-COBhIIIMW M*""*" J U|WU^^J^MQH|||||j|| ACCEPTS Dot SAILS I Vpcr, MUafl| Vtor Hburi p-haw* R'Paa Lap or/ I LAftCS BAY 2M4 Z7M IMS I 7« IMS 2M6 22/05 LAKW ■own ROW «M am am vm W raj Ail BROOKE VO7E Muara. Uk, KK In Port 27 Apr II I
      1,398 words
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      Page 25 Advertisements Column 2
      991 25 TO: EUROPE TO; FAR EAST LH ROM HAM I'NVN FIX SPORE NK KAO KOI Mi suasnr"» s 3 s s s sbbss" a EsSr«s s .5 asusaa a a? 2 3 ErHF- s s s s s s:k?. a a SSfiSUKS.™ m m ZfSSZS.'ZJS M tor InUnd UK dMtuutMMn Antwarf
      991 words
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      Page 25 Advertisements Column 3
      340 25 SHKpore—^cScißS^J AND i SINGAPORE CHITTA6ONB J CONVENTIONAL SERVICE I EASTERN CAR LINER LTD IS PLEASED T&l ANNOUNCE THE LAUNCHING OF OUR NEWI AND DEDICATED CONVENTIONAL SERVICE! TO CALCUTTA AND CHITTAGONG I MV ASIAN STAR V.No. 113 I ETA SPORE 13-S I WE WELCOME YOOR ENQUIRY I #1 IMLintermaritimel SOUTHERN AFRICA
      340 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      599 26 CR NBR MSJ/SiOOOO O I EXPRESS semi-containersnip service WAJUQY SPOKE R'DAM/ H'BURG BREMEN ANTWERP ADAM I pfeK.. lag U "8 S "S FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINER«ED CARGO I iLft+Kt to Mnmnl Ateo aaapfeg cargo to CMftm, Itort Md, Port Alexandria, Oanoa, TrtMto. J ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL CARGO
      599 words
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      Page 26 Advertisements Column 2
      828 26 (ft HANJIN SHIPPING yy FULL CONTAINER SERVICE f "DE* VSL SIN LINE HAUL LAX OAK HANJIN ROTTERDAM OOM) 20/4 16/5 17/5 10(5 21V5 21/5 HANJIN FELIXSTOWE 001E 2*4 H WSAN 1 «E 25ff 27/5 CHOYANG CHANCE 047W V 5 2W W 2V5 27/5 20/5 CHOYANG PARK WE 7/5 N POHANC
      828 words
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      Page 26 Advertisements Column 3
      992 26 i j.tj,i nu SCP MCKSSIUfiPUSINUOSKTTOtALLHyAIM«jJ'^ M *££B iliSiiSiiilllilil is- siiiisiillfMs s nwar*. savannah. roston pwlaoelpnia. NORroui. iacmonviue. i) nontrial. Toronto ma m tow I mmrnrxm. remruoa. rrc 0 atlanta. CHICAGO, omwn CM.UMUS ono haxm ■crorrhme destinations vusei sgp hbc ax wi m» mc dm cw wii two* w at mtt
      992 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1353 27 I* 3 NEPTUNE AGENCIES PTE LTD SINGAPORE FAR Z/9U140 saa NEPLINE SDN BHD MALAYSIA cimoi CIUKU K.L 2614&3, P.Kelang-fflßSSAJ^enangj&lTO^^ PROM BPHUri/ v» I VIA qUBJjE fyro-EUKUrI Uft IViA avnal DM HAM gcp PDC vsl/VOY sgp PKG w lftpDß VBL/VOYPKN PKG SCP MOTHER VBL/VOY 9GPSoC, H V V 03/04 0W« 07/04
      1,353 words
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      Page 27 Advertisements Column 2
      978 27 *SNSQV 1 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD 1 BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) j DISCHARGING n>OII EASTBOUND LOADING FOR WESTBOUND |j mSit Uawulh*om "wml |»St tm*m mm |ww mwrn wn «ww r mown
      978 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      951 28 IHBSBB VOY *INDO "PK/PNG [sGP LB CHLS NFK NYC HFX OOCL FRIENDSHIP 19 25/4 26/4 21/4 21/5 31* 2* 4* I* OOCL FORTUNE 20 7/5 1/5 10/5 2/8 12* 14* 16* 20* AMBASSADOR BRIDGE 2t 14/5 15/5 17/5 9/6 19/6 21* 23/0 27/6 NEPTUNE JADE 24 25/5 26* 24/5 16*
      951 words
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      Page 28 Advertisements Column 2
      1450 28 [eTDSIN DAY) +(It Y) (IDAY) I 30/04/90 mnT IT- I— glLl BANGKOK 1 JACQUELINE TWICE/WKLY ri^ +*<»* *(.«»> I3BSSSSLI 1| 29/04/90 KONG |j—*L.\ KAOHSIUNG 1 J—^^.IKEELUNC 1 JOYCE;JUDY ITWICE/WKLY J Irrn «im «oays ♦P»*l hoays) H 29/04/90 BUSAN MANILA WAGOYA SERENE/SITI |-*"A. TWICE/WKLY n qa vi boomhq, contact "I 1
      1,450 words
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      Page 29 Advertisements Column 1
      1413 29 J "II pacific international lines (PTE) ltd a§ mSB Building, 140 Cecil Street KttOO, Singapore 0106. *aH*A I ir° KOK s,H 1 >ufMfi VOY SIM iim« QIU »WWI VOY win OKK W 1 DELTA MAS 2M4 vs PEOASUS PROGRESS 814N 2*4 2/S MS °liL A iST ml 12 tl PEOASUS
      1,413 words
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      Page 29 Advertisements Column 2
      893 29 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint 1 Fax: *****63 Singapore 0208. Telex: RS ***** —"express container service to uk/continent VESSa [vQY SPORE PKLANG SHAMPTON HAMBURG BHAVEN RDAM LHAVRE I arcs Bav 20/549 25/4 27/4 15/5 19/5 21/5 17/5 23/5 Monte Rosa* 07/548 MM 21/5
      893 words
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      Page 29 Advertisements Column 3
      329 29 myanm/T Ipßk FIVE STAR UNE (Myanmar National Loading for Yangon (Rangoon )l. Spore P.Keiang Pen Bkofc PAGAN VISSW 21/27 APR 3-5 PATMEIN VIOIW 25/30 APR MYOMA YWA t VI26W 2J APR/1 MAY 25-21 APR 21-24 AMI MERGUI VW 2/4 MAT WTM* DISCHG OKLY f* HPA-AN VI49W 4/7 MAY Cl-w HTONEYWA
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      680 32 Mil II I 111 l M INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO UNITED KINGDOM NORTH CONTINENT EUROPE OUTBOUND SIN FIX BRE ROM ANT HBC RST W. ULBRICHT 4flo 01/5 24/5 24/5 2*5 27/5 PANAMA SEN WFOI2 12/5 0*« o*t o*t 0*» 0*( T WENOA 5W 23/5 1*» 1W
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      Page 32 Advertisements Column 2
      1159 32 UKC CONVKHTIOWAI MM VICE Vcsml P KLC PNC P C LoWini tar TONGCHUAN 3*3 ga^rt^Antwfp YANGCHUAN 2*4 Rotttrdnn/Arrtwwp CMWA rou COHTABMK* WYICS Vms PKL PNC SPORE BKK HKG SHA QtN ITC WEI HE SO 27/3 2*3 31/3 *4 I*4 YANG FANG KOU 125 3 W 2*3 5/4 IIM W» 2W
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      Page 32 Advertisements Column 3
      220 32 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETO LOADING FOR DELI I NOAH 25.4.90 27.4.90 PK. BALAM NA6A JAYA In Port 25.4.90 PANJANG LAMPUNG JAYA In Port 25.4.90 PANJANG PINANG JAYA In Port 26.4 90 PANJAN6/PK. BALAM PERITA JAYA 28.4 90 30 4.90 PANJANG/JAKARTA
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      Page 32 Advertisements Column 4
      579 32 I POSEIDON CONTAINER TRANSPORT I. GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE L£ SOTRA GENERAL AGENTS f" ACCEPTING ALL FCL LCL P CONVENTIONAL CARGOES IAFGHANISTANI: Hairaton, Tourghundi, |h! Kabul, Herat, Ifc Mazar-1-Sharif, 1L Mashad, Kushka IE 1 IRAN I:Djulfa, Astara l| VIA ILYICHEVSK IE ETD SINGAPORE 5/5, 12/5, 17/5, |p! 23/5, 28/5,
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      Page 32 Advertisements Column 5
      439 32 ■AHA BMUM WW *4 mekhaiuk nmm m n* an »«A Sim MUM M4H Fri Vl* ma bmum* osh sit a* T— ~"V*Z PIYA BHUM ran St m* Tm 1^" MAMA BHUM »7M Thyr 3fl S* MEKHAWIK KUBAKO «7H Fri <ff Man ■<£■ sim bhum ms* rri *fi Man PITA HUM
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      1291 33 ACCEPTING FCL AND CONVENTIONAL VESSEL Ivor ETA Iloaonq fo« spowc ANCHNET 19WB 10rt» DAHESSALAAM MOMBASA DJWOUTI ASSAB. MASSAWA HOOEIOAH ABYOT ?IWB 15/06 DAfIESSAI AAM MOMBASA MBOUTI ASSAB MASSAWA HOOEIOAH P| iw HUN6~UNE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL CARGO Vessel Voy Spore |P.
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      Page 33 Advertisements Column 2
      597 33 MASKAPAI PELAYARAN PEpULAU LAUT BETWEEN THE PORTS Of S PORE, INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARCO TO PKC, PNC AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 WUMM-HMIMWIimuT VSJ VOY SIN JKT PAJ SIN WASPADA 22S 27/4 1/5 4/5 PUL SENTOSA 34S W 3ty4 2/5 4/5 PUL
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      Page 33 Advertisements Column 3
      632 33 [Hfl BAY OF BENGAL SERVICES MADRAS CALCUTTA KUtLI WT HI MAA »HI LEUVE 9123 03/5 06/5 IVS LEUVE SIM 11/5 24/5 05* LEUVE «US 05* 10* a* LEUVE <126 21* 26* 02/7 DANISM FLAG YEAR BUILD M 0 VESSELS VOY SIN CCU SIN SUPER EIGHT 02M0 26* 83* 10* SUPER
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      Page 33 Advertisements Column 4
      338 33 TO AUSTRALIA/NEW ZEALAND VS. |TH»>III |rn»irti|Bili» |B— c vuouk w~ sji vs u/s is* ps m TrnrowtiW w aii iw |"5i W twt ones m~H uH a* S» pit v imm ai ni» m *p v w w? Alto Accepting cargo to*AUSTRALIA AMaM*. Britten* NEW ZEALAND «Wltnfton. Napar. Ornkkurdt TO
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      1014 34 A MAC-NELS SINGAPORE expout TEL *****22 MPOIT TEL *****02 TEL: (04) *****6 K K TEL: (088) *****0 TAWAU TEL: (089) *****9 KELANG TEL: (03) *****77 lIkuCHING TEL: (082) *****3 SKAN TEL: (089) *****2 BAHRU TEL: (07) *****2 llsißU TEL (084) *****2 LABUAN TEL: (087) *****9 i I \I/ \2-JJAKARTA TEL:
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      Page 34 Advertisements Column 2
      103 34 Ongnftulifc KKU 8M PKL DEBTN BMQA MONIC A/***** SLO BLO FLU/ANT/UK EVPO A 08A/***** 27/4 28/4 FLU/AMT/UK/NTB OBL (TBN)/***** 15/5 11/5 FLU/ANT/UK/NTB /T\OEC CONTAINER FREIGHT Vg/ SYSTEM (S) PTE. LTD. (AGENT FOR TOP NVOCC ORIENT EXPRESS CONTAINER CO LTD) Fixed Weekly Consol on ANERA Lines To All Points In USA
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      Page 34 Advertisements Column 3
      369 34 blue star lime SINGAPORE TO j|new ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGB DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOE AUCKLAND, NAPIEE, WELLINGTON, BLUFF, CHMBTCHURCH. DUNEDIN, LYTTELTON, INVEECAEGIL, FIJI AND TAHITI an N. PIT AOCK ITT PROSPECT OtS 30 Apr UMy Via NPI IS My MANDAMA
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      Page 34 Advertisements Column 4
      713 34 Mm THONG SOON LINES PTE. LTD., 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 IZ CONVENTIONAL/CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH mm [m Teti litrr nna m I eti ten KIM SOON LI 17/906 29 APR PENANG JENHOI 4/90E
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      Page 34 Advertisements Column 5
      385 34 W WHHII HIAWIAN SERVICE J Stngapor* la«*m for- IRAN EKRAM 10/S/W Banda Abba* I dkattml Um If Mulct) IX WCn CMST/MOKI/CBmUL nwrurn cmtmb tama HKG It BMBMBA LXARKNAS S.CRUZ WWHIi ■MtLOS VM VJt Ofi Mfi IH MS U .T>C cot ha vb Mum Ik iw i Alee accept** »e ether
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      Page 36 Advertisements Column 1
      35 36 Banking, Finance and Insurance Supplement BT's biggest and more established annual supplement will be distributed free with your copy of Business Times on May 24. Book your advertising space now. Call Joe Heng on *****76.
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  • Page 37 Miscellaneous
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      561 37 TIDES AND WEATHER ■■■■MB i n*mi ii»»i TODAYS TIDES (hetght in metres) -< NOW *****1M1204 0300 MOO 0500 OMO 0700 0100 *************************500 HOC *****8M19M 2IM 21N 22M 29N JR 28 2.3 1.7 1.0 06 0.3 03 0.5 1.0 18 15 21 2.9 2.6 2.0 1.4 1.0 0.7 0.6 01 11
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      289 38 j CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -QSBr SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG SHALAMAR 13-15/4/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 2-5/4
      289 words
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      Page 38 Advertisements Column 2
      281 38 £.HYUNDAI MERCHANT MARINE CO. LTDEASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKG SIN HYUNDAI CHALLENGER 33E 27/04 03/05 21/05 24/06 27/05 LALANDIA 3W 0204 05/04 o*o4 26/04 03/05 HYUNDAI INNOVATOR 32E 04/05 10/06 21/05 31/05 03/06 HYUNDAI CHALLENGER 32W
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      Page 38 Advertisements Column 3
      511 38 CHARTPOINTj Every Saturday in Business Times bi'iJ,| ailJl4MWJ,liL'lUJ|i|J.tMl«J,ll|..lll4)UllJl[iLlill 3 __—v--^—»—-^—w—i— OUR NEW I wti "j IS? h H-|—- h r r|gH- i n SERVtCECAu!# j [ttJWCA HMUtWWC |VMI *4 OUJWTWI IWHWI VII MH MP Bfi Bfi ®5_ WJ_ WS_ iyj_ SINGAPORE ImwwKßmmK |wi W aujcator now vjow DIRECT EVERT |tunc*
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