The Business Times, 7 May 1990

Microfilm: NL17017
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Monday May 7 1990 75*
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  • NEWS SUMMARY
    • Article
      Latvians bracing for long struggle with Moscow
      52 1 LATVIANS are preparing for what could be a long struggle between the breakaway Baltic region and the Kremlin. Riga residents, well aware of the crippling effects of an economic blockade imposed on neighbouring Lithuania, were reported yesterday to be buying up food stocks
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    • Article
      Contractor wins deals
      25 1 LOCAL CONTRACTOR Chuan Joo Pte Ltd has secured two jobs worth $301 million with its new Korean partner, Hyundai Engineering. Page 2
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    • Article
      Tie-up gets $2.5m
      34 1 VENTURE CAPITAL firm Seavi has pumped $2.S million into Microlite Electric, a Sin-gapore-Australian joint venture which designs and makes electrical and electronic devices for the car and appliance industries Page 2
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    • Article
      MISC diversifying
      31 1 MALAYSIAN International Shipping Corporation (MISC) will invest more than Msloo million in a few diversification projects to support its shipping services and provide other sources of revenue Page 7
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    • Article
      'China to keep perks'
      32 1 HONGKONG is optimistic that the US will renew China's trading status this year as a most favoured nation, says a senior official in the British colony Page 8
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    • Article
      Botha quits party
      34 1 FORMER South African president PW Botha, dissatisfied with the changing policies of the government, has withdrawn from the ruling National Party that he served for more than 50 years. Page 10
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    • Article
      Mozart at centrestage
      25 1 J GORDON reviews the SSO's all-Mozart concert held last Saturday night with guest soloists Lim Jing Jing and Jasmine Lin Page 14
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    • Article
      PNSC entering region
      19 1 PAKISTAN National Shipping Corp is spreading its net further into South-east Asia. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      UOB going global
      28 1 SECURE in its position as Singapore's leading local bank, United Overseas Bank has set its sights on becoming the Republic's leading "international bank" Page 3
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    • Article
      Story behind sacking
      22 1 PALMCO HOLDINGS has explained the circumstances leading to the dismissal of its former managing director last month Page 3
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    • Article
      Ming Tee acquires firm
      28 1 IN A SECOND ATTEMPT, Malaysian businessman Lee Ming Tee has successfully taken over his Australian investment vehicle, Consolidated Equity and Finance Corporation Page 4
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    • Article
      Heads roll at Saatchi
      37 1 STRUGGLING to improve its dismal financial performance and awash in takeover rumours, Saatchi Saatchi Co dismissed over the weekend the co-chief executives of its communications division, which oversees its advertising agencies Page 5
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    • Article
      Rare loss for UOI
      21 1 UNITED OVERSEAS Insurance suffered a rare underwriting loss in its workmen's compensation business last year Page 6
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    • Article
      Repayment problems
      14 1 CHINA says some enterprises are having difficulty repaying foreign debts Page 6
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    • Article, Illustration
      STOCK INDICES
      26 1 Friday Change BT-MGA 741.65 +9.67 Kuala Lumpur ....531.33 +11.20 Hongkong 2,946.9 -7.64 Tokyo Closed Sydney 1,460.5 -7.00 New York 2,710.36 +14.19 London 2,162.2 +27.3
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    • Article
      CURRENCIES
      22 1 Exchange rates US$ SSI.8755 Yen (100) SSI. 1825 MS SS0.6917 Money market rates Overnight 6 3/16% unch 3-month 6 3/4% +1/16
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    • Article
      COMMODITIES
      21 1 Rubber S'poreJune. 161.50 '/kg +1.00 M'sia June 230.00'/kg +0.50 K L Tin Turnover 40 tonnes -5 Spot MS17 08/kg -0.12
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  • Article
    Canberra blocks sale by Asian property group
    371 1  -  From Florence Chong in SYDNEY IN AN unprecedented move seen as trying to put a dampener on foreign speculation in land, Australian authorities have stopped an Asian consortium, believed to include movie magnate Sir Run Run Shaw, from selling a resort development site
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  • Article
    Macau seeks help of 10 firms to set up exchange
    273 1  -  From Catherine Ong in HONGKONG TEN COMPANIES in the region, including Singapore's DBS Securities, have been invited by Macau to help the Portuguese enclave set up a stock exchange by the end of the year. The exchange, capitalised initially at
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  • Article
    Taiwanese villagers vote against plant
    140 1 VILLAGERS voted on Sunday against allowing Taiwan's fifth naphtha-cracking plant to be built in their area and promised further action to block the project, already delayed three years by protests. Officials running the poll in Hochin village, near the southern city of Kaohsiung, said 4,499
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  • Article
    Lock icon 'Astonishing' level of apathy among US voters, says study
    340 1 NYT AMERICAN DEMOCRACY is being undermined by citizens who are so indifferent to national elections that an "astonishing" number of them did not even know who the candidates for vicepresident were in 1988, said a commission last Saturday after a two-year
    NYT  -  340 words
  • Article, Illustration
    S*Pore brand poised to go international
    326 1  -  From Loh Hui Yin in TOKYO S*PORE is being groomed as the brand to take made-in-Singapore products to the international marketplace, following the launch of the S*Pore name in Japan. The Trade Development Board, through investment arm TDB Holdings, incorporated a new company, S*Pore
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  • Article
    Lock icon IMF expects green light for at least 50pc rise in funds
    413 1 NYT FINANCE MINISTERS and central bank governors representing most countries of the world are expected shortly to approve at least a 50 per cent increase in the US$l2O billion resources of the International Monetary Fund. Michel Camdessus, managing director
    NYT  -  413 words
  • Article
    Lock icon Aussie productivity still lagging: report
    200 1 AFP AUSTRALIAN labour productivity continued to lag behind its major trading partners last year but it led the US, Britain and West Germany in the mining and agricultural sectors, according to a report yesterday. The Business Council of Australia (BCA) questioned whether the rise in
    AFP  -  200 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      268 1 BHMkwRHRH TOKYO NOT READY FOR WIDER ROLE 11 A STUDENT AND HIS TEACHER 12 GOODBYE CHOP SUEY 13 Aircraft Schedule 27 Market Reviews 22 World News 8, 10 Arts 14, 19 Money Changer Rates 27 World Stock Markets 24 Commodities 26 Money Market 25 For market nfces. edrtonai. Crypte Crossword
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      Page 1 Advertisements Column 2
      123 1 KSTERLIN(jI I HOME FURNISHINGS I The look of success, #03/319-323 Marina Square, 6 Raffles Boulevard, Singapore 0103 Tel 338 5661 Analysis, Pg 11 The beauty of JAL's new* livery is more then skin deep. Look beyond it and you'll discover a new spirit of change end a host of innovative
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Unions to continue working for wage rise
        109 2 THE labour movement is expected to continue pressing for wage increases as the economic outlook for the immediate and medium term remains bright. Despite the business community's oft-repeated complaints of rising business costs, Singapore is still attractive to investors, said the deputy secretary-general
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      • Article
        Global Technopolis tickets
        63 2 TICKETS for visitors to Global Technopolis touted as an experience of Singapore in the year 2000 will go on sale from today. Admission to the event is by advance purchase of the tickets sold at the Raffles City Atrium. Organised by the Economic Development Board, the show
        63 words
      • Article
        On Malay aspirations
        105 2 FIRST DEPUTY Prime Minister Goh Chok Tong on Saturday encouraged non-Malay entrepreneurs, particularly Chi-nese-owned banks, to open their doors to qualified Malays. Speaking at a function organised by the Muslim Missionary Society, Jamiyah, Mr Goh said that "we should work towards removing any perceived discrimination there may
        105 words
      • Article
        Learn a skill
        68 2 YOUNG school leavers should acquire at least a skill qualification from the Vocational and Industrial Training Board (VITB) or some other training institution before joining the job market, Senior Minister of State (Education), Dr Tay Eng Soon, said on Saturday. As the economy moves upwards, it is
        68 words
      • Article
        Help for QCC movement
        76 2 THE National Productivity Board will set up and administer an associate Quality Control Circle (QCC) Counsellors Scheme to help more organisations start up and sustain their QCC teams. Speaking at the closing ceremony of the National QCC Convention on Saturday, the executive director of Matsushita Denshi,
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      • Article
        Aid for Indian children
        68 2 THE Indian community has been called upon to take the initiative in solving the educational problems of Indian children. Writing in the latest issue of Petir, KShanmugam (Sembawang GRQ, said that the first step would be to draw up a blueprint to tackle the problem of
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    • Article, Illustration
      Hyundai-Chuan Joo wins $301m Brani contracts
      407 2  -  By Lea Han Shih RIDING on the boom in container traffic, local contractor Chuan Joo Pte Ltd has secured two jobs worth $301 million with its new Korean partner, Hyundai Engineering. The jobs are for phase one and part of phase two of a
      407 words
    • Article
      SMEs urged to invest in people
      300 2  -  By Genevieve Cua INVESTING in people is just as vital as pumping money into plant and machinery, local entrepreneurs were told yesterday at a seminar on human resource management (HRM) for small and medium sized enterprises. Yet HRM is often low on the SME's
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    • Article
      Seavi injects $2.5m into Microlite
      337 2  -  By Chuang Peck Ming SINGAPORE-BASED venture capital firm Seavi has pumped $2.5 million into Microlite Electric, a Singa-pore-Australian joint venture which designs and makes electrical and electronic devices for the car and appliance industries. The latest investment will bring Seavi's total investments so far this
      337 words
    • Article
      HDB awards $100m worth of jobs
      165 2 THE Housing and Development Board (HDB) awarded four building contracts worth a total of $100 million last month. The first, a contract to build 460 flats in Serangoon North, was awarded to Lee Kim Tah, which bid $32,977 million for it. It was one
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      185 2 Air Canada's New Executive Class And covers more ground. uncovers more room. If you're tired of tedious long-haul j_\ Transatlantic Route means clearing customs in room. Like more room between seats. Wider ticket, you'll consistently get your bags faster. flights, try a more comfortable approach. St I Canada, avoiding long
      185 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      UOB sees going global as the key to growth
      595 3  -  By Amy Balan SECURE in its position as Singapore's leading local bank, United Overseas Bank now wants to be the Republic's leading "international bank". Describing the move as "our mission for the 90s", UOB chairman Wee Cho Yaw said opportunities for
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    • Article
      Lock icon Renong is top KLSE performer in 1st quarter
      652 3 MBT COMPANIES which were expected to unveil major corporate moves were among the 10 best performers on the KLSE in the first quarter of 1990 with nine out of 10 recording hefty gains of more than 100 per cent rise in share
      MBT  -  652 words
    • Article
      Lock icon Competitive pledge from MBSB
      96 3 Bernama MALAYSIA Building Society Bhd (MBSB) will step up its efforts to keep up with the competition in the financial system in terms of interest rates for housing loans, its chairman. Tan Sri Abu Talib Othman, said. Tan Sri Abu Talib, who is the attorney-general, said
      Bernama  -  96 words
    • Article
      Lock icon Keppel and MISC to set up warehouse
      202 3 NST MALAYSIAN International Shipping Corporation (MISC) has finalised a deal with the Keppel group of Singapore to set up a warehouse and distribution facility in Jurong costing "at least a couple of millions". A joint venture company, Transware Distributors Pte Ltd, has been
      NST  -  202 words
    • Article
      Lock icon SamaWorld confident of US7.22m profit in maiden half
      413 3 NST THE Disneyland-like SamaWorld theme park in Genting Highlands is expected to ring up U557.22 million in profit after tax and interest in its first six months of operation. In the next full year of operation, the profit is projected to increase
      NST  -  413 words
    • Article
      Lock icon Palmco explains former MD's dismissal
      557 3 Bernama PALMCO HOLDINGS Bhd has issued a statement over the weekend to explain the circumstances leading to the dismissal of its former managing director, Mr Steven Chan Fook Koon. on April 23. The statement, made by group personnel manager and legal adviser Ajit Singh Jessy,
      Bernama  -  557 words
    • COMPANY BRIEFS
      • Article
        Sungei Besi does not know why price fell
        96 3 SUNGEI BESI Mines Malaysia has informed the Kuala Lumpur Stock Exchange that it is not aware of any reason for the substantial decrease in share price. "There is no material information pending announcement," it added. The counter, which was traded at M
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      • Article
        Outlook for Inch Kenneth
        94 3 INCH KENNETH Kajang Rubber Pic said its profitability in the current year would depend on palm product prices and interest rates. In a reply to a KLSE query, it said net profit attributable to shareholders was maintainable if palm product prices and interest rates remained stable.
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      • Article
        Closing of Public Bank's books
        72 3 PUBLIC BANK Bhd's share transfer books and register of members will be closed from June 2-6 to determine shareholders' entitlement of the one-for-three bonus issue of 238.15 million shares and the one-for-five rights issue of 142.89 million shares at Msl.lo each. Duly completed transfers received
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      • Article
        Pengkalen NTA
        68 3 PENGKALEN Holdings Bhd's net tangible assets will be reduced from M 52.32 to M 51.83 following its acquisition of an additional 60 per cent in Marco Shoe Sdn Bhd. This is based on the assumption that the acquisition is effected on June 1. Pengkalen, in responding to a
        68 words
      • Article
        Keck Seng's profits up 5pc
        106 3 KECK SENG has announced a 5 per cent rise in unaudited group pre-tax profit to M 526.5 million for the year ended December 1990 from M 525.1 million in 1988. Group turnover increased by 12 per cent from M 5262.75 million in 1988 to M
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    • Article
      What Cycle & Carriage actually said
      62 3 What Cycle Carriage actually said WE REPORTED erroneously on Saturday that Cycle Carriage directors had "cautioned that results in the second half may be significantly different from those of the first half." What the CACs directors actually said was that they do NOT expect the second half to be significantly
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      8 3 UOI incurs rare loss in workmen's compensation, Pg6
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    • Advertisement
      Page 3 Advertisements Column 2
      95 3 M This announcement appears as a matter of record only I LUM CHANG HOLDINGS LIMITED I I LUM CHANG CORPORATION PTE LTD I I (A wholly-owned subsidiary of Lum Chang Holdings Limited) I I has acquired a majority interest in I I EU YAN SANG HOLDINGS LIMITED I I We
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  • REGIONAL COMPANY NEWS
    • Article, Illustration
      Lee Ming Tee gets Consolidated this time
      287 4  -  From Florence Chong in SYDNEY IN A SECOND ATTEMPT, Malaysian businessman Lee Ming Tee, now based in Hongkong, has successfully taken over his Australian investment vehicle, Consolidated Equity and Finance Corporation. His offer to minority interests, which closed last Monday, received more than
      287 words
    • Article
      Lock icon Australia to form new corporate watchdog
      220 4 AFP AUSTRALIA'S federal and state governments have agreed on the formation of a new corporate watchdog the Australian Securities Commission (ASC). The commission would monitor the activities of so-called "corporate cowboys" and restore Australia's international, business reputation, said Federal AttorneyGeneral Michael Duffy in Sydney
      AFP  -  220 words
    • Article
      Lock icon Manila takes over cement company
      146 4 Reuter PHILIPPINE PRESIDENT Corazon Aquino has ordered the temporary takeover of a local cement company to ensure the continuous and adequate supply of cement. A Presidential Palace statement yesterday said the takeover of Continental Cement Corp by the Trade and Industry Department was carried out
      Reuter  -  146 words
    • Article
      Lock icon San Miguel centenary marred by power struggle
      549 4 AFP SAN MIGUEL CORP, the Philippines' largest private company, is celebrating its 100 th anniversary this year with fanfare and ambitious expansion plans, but with its future ownership in question. It posted a 2.43-billion-peso (US$ 106.8 million) consolidated net income last year, an
      AFP  -  549 words
    • Article
      Lock icon Tokyo securities chiefs tour E Bloc
      153 4 Asahi JAPAN'S powerful securities firms have been looking closely at Eastern Europe in search of new business opportunities, especially in a unified Germany. Taking advantage of the Japanese Golden Week holidays, the presidents of 10 major brokerages are currently on an inspection tour of
      Asahi  -  153 words
    • COMPANY BRIEFS
      • Article
        Sale of Bell stake opposed
        76 4 AUSTRALIA'S corporate watchdog, the National-Companies and Securities Commission (NCSQ, will again attempt to block the sale of a 14.9 per cent stake in The Bett Group Ltd to publisher Robert Maxwell. NCSC chairman Henry Bosch said the commission would lodge a formal application with the
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      • Article
        Aussie fold-ups may total A$10b
        60 4 LOSSES from recent Australian corporate failures could total as much as AS 10 billion* Australian Attorney General Michael Duffy said in Canberra. Appearing on a television interview, Mr Duffy said the extent of the corporate losses underlined the urgency of setting up Australia's proposed new
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      • Article
        Mexican firm gets contract
        109 4 MALAYSIA'S state-owned Perwaja Steel Sdn Bhd has awarded a contract to a Mexican firm to build a multi-million dollar direct reduction plant to increase its production of billets. A letter of intent is expected to be signed soon and the contract in June, said Perwaja Steel
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      524 4 Ml Mil Off SHERRY is with you all the way! The power of choiceTi- j. 1 gm i i Buy a SHERRY computer and get I I I I 111 M I kll more than just the proven standard of MB fl|B§f Singapore's leading IBM compatible. J |^kSl| You get
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      Page 4 Advertisements Column 2
      38 4 Construction hoist I Single or Double Cage I 1 or 2 Ton Capacity I 60 250 m Lifting Height I Also available: I Tower Crane I Concrete Vibrator I Gondola TP 1 I Hydraulic Platform V 1 I
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Gemini Partners may make bid for Healthco
        112 5 GEMINI PARTNERS, a New York-based investment partnership, has acquired 9.96 per cent of Healthco International Inc and said it might seek control of the Boston-based distributor of dental equipment. Gemini is led by Emanuel Pearlman, the 30-year-old former protege of the takeover specialist
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      • Article
        VW profit may exceed DM1b
        102 5 ANALYSTS expect car maker Volkswagen AG (VW) to announce on Wednesday that 1989 group net profit exceeded the one billion mark level for the first time. But a dark cloud is looming over the West German company's 1990 profit outlook due to a collapse in
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      • Article
        Big investment in Mexico
        74 5 SPAIN'S Banco Santander said it invested US$lOO million in shares of seven companies quoted on the Mexico City stock exchange. Santander said it bought shares in Desc, Vitro, Tolmex, GMexico, Kimberley Clark, Telmex and Celanese but gave no details of each of the purchases. It said
        74 words
      • Article
        Record Japanese investment
        136 5 JAPANESE INVESTORS bought a record U5522.9 billion more foreign securities than they sold last fiscal year, while foreign investors sold US$2l.2 billion more than they bought in Japanese securities, according to an annual Foreign Ministry report released on May 2. Japanese investors bought some US$lO7 billion and
        136 words
      • Article
        Greyhound resumes union talks
        88 5 GREYHOUND LINES INC and its striking drivers and mechanics resumed negotiations on Saturday in an attempt to end a two-month old walkout. The talks at the Federal Mediation and Conciliation Service were the first since March 17. Greyhound broke off talks after several of its buses
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    • Article
      Lock icon Saatchi fires two top men
      491 5 NYT STRUGGLING to improve its dismal financial performance and awash in takeover rumours, Saatchi Saatchi Co has dismissed the co-chief executives of its communications division, which oversees its advertising agencies. In a terse announcement released in New York and in London, where the company has
      NYT  -  491 words
    • Article
      Lock icon SEC chief draws a parallel
      171 5 NYT RICHARD BREEDEN, the chairman of the Securities and Exchange Commission, has highlighted what he calls the "disturbing parallels" between the debate about who should have regulatory jurisdiction over stock index futures and the debate before the savings and loan crisis. In an informal meeting
      NYT  -  171 words
    • Article, Illustration
      Lock icon NYSE may fine Drexel US$25m
      404 5 NYT THE enforcement division of the New York Stock Exchange is seeking US$25 million in fines from Drexel Bumham Lambert Inc for violations of exchange rules related to the firm's crimes, people briefed on the situation said on Friday. If the fine is levied, it
      NYT  -  404 words
    • Article
      Lock icon Traders exploiting futures loophole
      275 5 NYT JAMES COXON, head of stock investments for Cigna Corp, has revealed that some traders use advance knowledge of customer plans to make profitable trades on the stock index futures market. "People can take proprietary knowledge, be it orders that will be triggered based on certain
      NYT  -  275 words
  • Page 5 Advertisements
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      182 5 In. jm i I 1 ir I'' kri^^^HH SOME of the most luxurious rooms AT THE HYATT w i Tfci v jizTflk —■»——> m •«—«<—.. I There have been some preitv dramatic changes presentations or simplv entenaining key clients, this care1 I' v \\_l -m A recently at the Hyatt.
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        OUB to sell Visa cheques
        61 6 OVERSEAS Union Bank has signed an agreement with Bank of America to promote and sell World Money Visa travellers cheques. The cheques are available at all OUB branches as well as those of its subsidiary, International Bank of Singapore. The US-dollar cheques, bearing OUB's name
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      • Article
        Barclays looks to East Europe
        96 6 BARCLAYS Bank is considering opening business development offices in a number of central and east European countries. A bank spokesman said Barclays plans to offer a complete range of financial services with an emphasis on project finance from offices in Prague, Berlin, Vienna and Budapest.
        96 words
      • Article
        Portugal's control measures
        74 6 PORTUGAL'S centre-right government has unveiled new indirect measures of monetary control as part of the modernisation of its financial system. The new regulations, which are due to go into effect on May 21, call for financial institutions like leasing and insurance companies, as well as investment firms
        74 words
    • Article, Illustration
      UOI incurs rare loss in workmen's compensation
      319 6 DRASTICALLY lower premium rates and higher claims have resulted in a rare underwriting loss in workmen's compensation insurance for United Overseas Insurance (UOI). It was the company's first loss "in many years" for such insurance. Chairman Wee Cho Yaw, said in UOl's 1989
      319 words
    • Article
      Lock icon Arab bank to offer shares to locals, foreigners
      209 6 AFP THE Bahrain-based Arab Banking Corporation will become the first Arab institution offering its shares to local and foreign retail investors and seeking listings on both Arab and European stock exchanges, an ABC official said in Manama on Saturday. "The launching of
      AFP  -  209 words
    • Article
      Lock icon Beijing denies guaranteeing US$70b debt
      359 6 Reuter CHINA said on Saturday that some enterprises were having difficulty repaying foreign debts but denied reports that the government had guaranteed up to US$7O billion in loans for stateowned companies. "A few enterprises have had problems in repaying debt. It is understandable that some
      Reuter  -  359 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      98 6 Lufthansa's Asian Commitment: t \bur welcome begins well before you leave the ground. 1 jf* r Long before you step on board our aircraft, we like to be of assistance. In the planning stage of your J| journey, hotel reservations, car rentals, tour packages. Information on trade fairs, conventions, cultural
      98 words
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      Page 6 Advertisements Column 2
      207 6 This announcement appears as a matter of record only. I PT BANK DAGANG INDONESIA I U5538,000,000 I REVOLVING CREDIT FACILITY I Arranged by H ASEAN FINANCE CORPORATION LIMITED I Lead Managers H The Daiwa Bank. Limited, Singapore Branch I The Sumitomo Bank, Limited. Singapore Branch I The Sumitomo Trust and
      207 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      40 6 Dollar$ Non$en$e .r*\. ju i 6ct:V"l i m B ft Aft 8 i! g) UVfi£) \V\ i I »ir\v "I've got something in what used to be a decrepit, rundown, unfashionable area but is now a decrepit, run-dQwn, fashionable area."
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  • THE REGION
    • Article
      Lock icon MISC to invest M$100 million in diversification
      375 7 NST MALAYSIAN International Shipping Corporation (MISC) will invest more than Msloo million in a few diversification projects to support its shipping services and provide other sources of revenue. The Malaysian national shipping line, which is diversifying to provide total service to its customers,
      NST  -  375 words
    • Article
      Lock icon Investors are not pulling out: Aquino
      153 7 AFP PRESIDENT Corazon Aquino has described as lies reports that foreign investors were pulling out of the Philippines due to a continuing power shortage in the capital. Mrs Aquino, in a statement received in Manila yesterday and due to be aired later by radio
      AFP  -  153 words
    • Article
      Lock icon Hyundai interested in Philippine investments
      305 7 AFP CHUNG Ju-Yung, chairman and founder of South Korea's giant Hyundai Business Group, has expressed interest in investing in the Philippines following a two-day visit to the Philippines. Mr Chung, who was a guest of Philippine-born tycoon, Tan Yu, founder of the Taiwan-based Asiaworld International
      AFP  -  305 words
    • Article
      Lock icon Phnom Penh launches press campaign
      235 7 AFP THE CAMBODIAN government hopes to sweeten its image in the West with a fledgling press campaign aimed at explaining its policies and countering a welloiled resistance propaganda machine. The campaign is being spearheaded by overseas Cambodians with links to Phnom Penh regimes before the
      AFP  -  235 words
    • Article
      Perwaja set to sign M$700m loan deal
      287 7 PERWAJA STEEL, the wholly-owned subsidiary of restructured Perwaja Terengganu, is expected to sign a Ms7oo million loan agreement with a consortium of local and foreign banks this month. Malaysian industry sources said response to the loan, arranged by Bumiputra Merchant Bankers (BMB), has
      287 words
    • Article
      Lock icon Trengganu interests get a steely reminder
      139 7 Bernama TERENGGANU Menteri Besar, Tan Sri Haji Wan Mokhtar Ahmad, has reminded certain groups not to make the Perwaja Steel project at Kemaman the object of their criticism for political interests. Their acts of painting a negative picture of the heavy industry project would
      Bernama  -  139 words
    • NOTE BOOK
      • Article
        Aquino invites Walesa for visit: reports
        99 7 PRESIDENT Corazon Aquino has invited Polish labour leader Lech Walesa to visit the Philippines in 1991, newspaper reports said in Manila on Sunday. The reports quoted visiting members of the Solidarity trade union as saying that Mrs Aquino extended the offer when she them
        99 words
      • Article
        US servicemen confined to base
        115 7 FORTY THOUSAND Americans were being kept on base at Subic Bay on Sunday as Philippine police tried to find the suspected communist assassins who shot dead a US marine sergeant. Police said they were questioning a number of suspects in the killing of John Fredette,
        115 words
      • Article
        Meeting sought over boat people
        86 7 THE DAP is seeking an appointment with Malaysian Deputy Prime Minister Ghafar Baba and his officials for a briefing regarding allegations that Malaysia had pushed Vietnamese boat people back to sea and violated international refugee agreements. Its deputy secretary-general, Lee Lam Thye, in a statement
        86 words
      • Article
        Twist to DAP-Gerakan row
        124 7 THE "war of words" between DAP secretary-general Lim Kit Siang and Gerakan president Datuk Seri Dr Lim Keng Yaik has taken a new twist with the DAP announcing it will put up posters throughout the country calling Datuk Seri Dr Lim Keng Yaik a liar. The
        124 words
      • Article
        Army chief visits Spratly islands
        76 7 GENERAL Doan Khue, chief of staff of the Vietnamese army, visited the strategic Spratly island chain whose sovereignty is disputed by Vietnam and China, the army daily Quan Doi Nhan Dan reported on Sunday. Accompanied by two deputy defence ministers, generals Dao Dinh Lyuen and
        76 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      112 7 With aerodynamic lines and a low drag coefficient, little wonder it's way ahead of its time. t r/'V/|MM One may liken the new Samsonrte Focus many high-tech innovations Attache to a sports car. Proving once again, that the Focus Attache Its streamlined gnp. smooth curves and is ahead of the
      112 words
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      Page 7 Advertisements Column 2
      61 7 jj^j, 81. ■l MHPI. I wr JjM I >: %,tl- Maurice Lacroix has the knack of making vou feel dressed.with timepieces that break boredom. In pink and yellow gold bracelets. fTIOUriCO LOCfOIX OFSVrrZERLAHD Sole Agent S A Dcho Singapore Pte Ltd 10 Shcnton Wav #1"-0 I /02 MAS Building Singapore
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  • THE WORLD 1
    • Article
      Lock icon Taiwan's trade surplus down 31pc in first four months
      392 8 AFP TAIWAN'S trade surplus for the first four months of this year dropped by 31 per cent over the same period last year to U552.59 billion. Exports between January and April totalled U5520.96 billion, a 1.9 per cent rise, while imports
      AFP  -  392 words
    • Article
      Lock icon HK optimistic that China mil keep US trade perks
      317 8 Reuter HONGKONG is optimistic that the US will renew China's trading status this year as a most favoured nation (MFN), says a senior official in the British colony. "The optimism is based on our perception of the US administration's position on
      Reuter  -  317 words
    • Article
      Lock icon Roh to unveil economic remedies to country
      285 8 AFP SOUTH KOREAN President Roh Tae-Woo is making a special statement to the nation today on ways of overcoming the socio-economic crisis his country is now facing, said officials in Seoul yesterday. He is expected to reiterate the government's determination to crack down
      AFP  -  285 words
    • Article, Illustration
      The crash that killed at least 17
      44 8 A man runs past the wreckage of an American Air Transit DC-6 plane that crashed into several houses in Guatemala City last Saturday, killing at least 17 people. The plane reportedly had engine trouble shortly after take-off.
      44 words
    • Article
      Lock icon S Pacific seeking special ADB treatment
      452 8 AFP THE SMALL ISLAND states dotted around the southern Pacific Ocean say they need special treatment from multilateral agencies and are demanding that their needs be met. Representatives of the Pacific states want the Asian Development Bank (ADB) and other international groups to treat
      AFP  -  452 words
    • WORLD WATCH
      • Article
        64pc of Britons want Thatcher out, says poll
        145 10 ALMOST TWO-THIRDS of Britons want Prime Minister Margaret Thatcher to quit as leader of the ruling Conservative Party before the next general election, according to an opinion poll published yesterday. But the NOP poll in The Mail on Sunday newspaper also said
        145 words
      • Article
        Soviets peeved about reforms
        119 10 THE SOVIET PEOPLE are disappointed with perestroika and 34 per cent of them believe the reforms have not improved their standard of living, according to an opinion poll in the government daily Izvestia. Thirty per cent of those polled said the reforms did not go far
        119 words
      • Article
        More Soviets to leave Mongolia
        95 10 THE SOVIET UNION will withdraw an additional 26,800 troops from Mongolia in the second stage of its pullout to begin this month. Citing military officials from both countries at a press conference in the Mongolian capital of Ulan Bator, the Tass news agency last Saturday
        95 words
      • Article
        Unemployment up in Poland
        114 10 UNEMPLOYMENT in Poland rose by 32 per cent in April to reach more than 351,000 by the end of the month. The social democrat daily Trybuna reported last Saturday that the textile-manufacturing city of Lodz was among the worst unemployment black spots, with 15,637 jobless and
        114 words
      • Article
        Drug bust by Colombian army
        92 10 THE COLOMBIAN ARMY seized between 12 and 17 tonnes of cocaine valued at US$9OO million and killed two drug traffickers in raids on four large jungle camps in the south last week. It was the biggest drug bust in Colombia's history and perhaps the biggest
        92 words
    • Article, Illustration
      Lock icon Gorbachev rejects Latvia's declaration of independence
      405 10 AFP SOVIET PRESIDENT Mikhail Gorbachev has rejected Latvia's declaration of independence and threatened retaliation, says the leader of the Latvian Communist Party, according to the Soviet news agency, Tass. The threat against the third Baltic republic to declare its independence in two months came
      AFP  -  405 words
    • Article
      Lock icon Brazil opens up market
      112 10 Reuter BRAZIL has opened its market to imports of hundreds of foreign products that had been prohibited for 15 years. Among the products affected are cars, chemical products, household appliances and textiles. The move launched last Friday is part of an opening up of the economy
      Reuter  -  112 words
    • Article, Illustration
      Lock icon US will keep its nuclear forces in Bonn
      429 10 Reuter THE US should keep a strong military force in West Germany until the Soviet Union removes its nuclear forces from East Germany, US Defence Secretary Dick Cheney said in a television interview broadcast in Washington on Saturday. "Until the Soviets have
      Reuter  -  429 words
    • Article
      Lock icon Botha quits National Party over unhappiness with policies
      279 10 AP FORMER South African president PW Botha, dissatisfied with the changing policies of the government, has withdrawn from the ruling National Party that he served for more than 50 years, according to a Johannesburg newspaper. The Afrikaans-language newspaper Rapport reported last Saturday
      AP  -  279 words
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      88 8 We'd like to point out that on every one of the three daily flights to Bangkok you can expect a kind of PASSENGER 1255 |Mf VICE night BANGKOK THREE TIMES DAILY. m&L* r i f i .4. i i »<i 133 r*rii Qtr»«>t mi ni a. inn ni Keck Scny
      88 words
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      217 9 In Life There Are No Guarantees... .3 ift"«rfc »*£fr :K W* v Isll! r sSflHEnpfc j"-,f ,c J IM^^Pl., fl W^KlffM^g' ||gk*g; J| W J fen v' Milium IP 1 i 1: fSsp p > 9 i '7m 'i W'lf rl 'jiff tH( &W Mr |0 i®* if > i
      217 words
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      55 10 Introducing the only system that puts new technology into your old fax machines. With you can overseas you, your terminal is free to receive incoming messages. I Fax Net gives all fax machines not only sharper, cheaper I and faster international transmission of documents but also J"'.-' iSSit FAXJfMF Singapore
      55 words
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  • ANALYSIS
    • Article, Illustration
      S*Pore jewellers carve a niche in Japan
      1122 11  -  Singapore-made jewellery has found a toe-hold in the highly competitive Japanese market, thanks to a TDB tie-up with a major Japanese retail chain, reports Loh Hui Yin from Tokyo Loh Hui Yin Eagle-eyed Mr Sato, who spotted the fingerprint marks on the gleaming
      1,122 words
    • Article, Illustration
      Lock icon Tokyo lacks policies for wider diplomatic role in South Asia
      637 11 Japan has thrown in US$ 1 billion to widen its sphere of influence in South Asia. But the immediate results are not obvious Reuter JAPANESE Prime Minister Toshiki Kaifu has announced almost US$l billion in aid during a South Asian
      Reuter  -  637 words
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      177 11 CHOICE PROranY DEVELOPMENTS ROM VMK Our philosophy is simple. Whatever we develop must be good value for investment. Which means absolute quality in workmanship, aesthetic appeal and uncommon b attention to details and finishes. We now proudly present two of our prime JW«2 projects for sale Only 15 walk-up apartments
      177 words
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  • FOCUS 1
    • Article, Illustration
      A student and his teacher
      1046 12  -  Peter who? This was the reaction of the investing public when they heard that Peter Ng Kah Tie had bought more than half of Wepco, a Sesdaq-listed electroplating company, last year. Today, Mr Ng's name is a little bit better known in the industry. Chuang
      1,046 words
    • Article
      Is life without hierarchy possible?
      611 12 A MANAGER at a UK axle manufacturing plant recently had a revolutionary idea. He decided that rather than wait for memos to percolate up through the chain of command, he would visit his workers on the factory floor and ask them directly if they had
      611 words
    • Article
      Finding the right employees and keeping them
      439 13  -  SPOTLIGHT ON MANAGEMENT By David Wong David Wong is a director oj Ernst Young Consultants Pte Ltd. LABOUR shortage is a big stumbling block in the growth path of new businesses. Whether it is top executives or clerks, workers are hard to come
      439 words
    • Article
      MEMOPAD
      325 13 Seminars and courses Duration Title May 8 How to Inspire the Winning Power in Selling May 10 Business, Financial and Management Studies May 11 Hospitality, Tourism and Leisure Management May 10-28 Super Selling Your Way to Success (Jr) May 11-18 Negotiation Skills May 12 Managing Innovation Successfully, the SIA
      325 words
    • Article
      Lock icon Either all or nothing at all
      443 13 FT SO WHATs in a title, anyway? Job titles are used to entice managers to a company, to promote, demote or kick them upstairs, or as a substitute for a raise. With companies going global, however, some analysts think that less importance will be
      FT  -  443 words
    • Article
      Lock icon Goodbye chop suey, hello alternatives
      799 13  -  Catering is no longer an automatic first choice for the Chinese entrepreneur in the UK. David Spark reports. David Spark FT FOR Winnie Yao, originally from Hongkong, being in business in the UK is not the fulfillment of an ambition; it is the natural course
      FT  -  799 words
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      353 13 mgmmmmmmmm ■Mm in SiiTi, y■ K fw*» W 7 9[■ I I I I I I I I I 1 -H B f V m J fl V {■■||lII| I I I 1 Lflfl [fit m M 11 I I I I I I I U I I I I
      353 words
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  • THE ARTS 1
    • Article, Illustration
      A display of young talents
      534 14  -  J Gordon reviews the SSO's all-Mozart concert on Saturday night with guest soloists Lim Jing Jing and Jasmine Lin J Gordon Last Saturday, responding to an audience that has regularly bemoaned the paucity of it's Mozart programming, the Singapore Symphony Orchestra gave an all-Mozart concert
      534 words
    • Article
      Lock icon Mozart and McCartney: harmony on ivory
      432 14  -  What do Wolfgang Amadeus Mozart and Paul McCartney have in common? Michael Perry finds out. Michael Perry Reuter IT MAY SOUND like musical sacrilege to some, but the tunes of Paul McCartney and Wolfgang Amadeus Mozart have more in common than first meets the
      Reuter  -  432 words
    • Article
      Lock icon A cultural heritage at risk in a free state
      890 14  -  Political change in Poland has done little for artists and art institutions like Warsaw's National Museum, laments Michael Kimmelman Michael Kimmelman NYT THE FLUSH of excitement with which most of the world has greeted political change in Eastern Europe obscures the
      NYT  -  890 words
  • Page 14 Advertisements
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      180 14 1 K 8&S& V 4 a 4 M.ilni I t «*< *5,: v- i mJ V >v'-*S 4 WSBE^-r rw, f aM i* k 11, i I Ia i ..*v i ■'>} i IvI I i \lll I M I I 11 I' k tn.i\ mmi:'J like 'W.il! s* ieet"
      180 words
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      38 15 sfeoffte CHANGI. UTA, The French Airline, flies to Paris every Tuesday and Friday, non-stop. French cuisine, French wines, French stewardesses are all on board, so why wait 'till you get there? Now, Paris starts at Changi. FBEMCH AIHUHO
      38 words
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  • SPORTS
    • SIDE LINES
      • Article
        McNulty takes one-shot lead
        59 16 Jy(ARK McNULTY of Zimbabwe shot a bogey-free 68 to take one-shot lead over John Boxall of England and Jose-Maria Dlazabal of Spain after two rounds of a U*****,000 PGA Jiuropean golf tournament in England on Saturday. McNulty his second straight 68 for a two-round total of
        59 words
      • Article
        Muster in BMW final
        55 16 frHOMAS MUSTER of Austria defeated Petr Korda of Czechoslovakia on Saturday, advancing to the final of the Open tournament in Munich. Muster, who won 6-3, fr-1, will be playing his fifth clay court final of the year against ftarel Novacek of Czechoslovakia, who upset Sweden's Jonas
        55 words
      • Article
        Tirol wins 2,000 Guineas
        61 16 TIROL defeated favourite Machiavellian by two lengths on Saturday to capture the 2,000 Guineas, one of the top thoroughbred events of the English racing season, in a record-tying time in England. The Irish-owned Tirol, which went off at odds of 9-1, finished the one-mile race in
        61 words
      • Article
        Allen does it again
        57 16 AMERICAN Mark Allen, the man other triathletes call the Xen Master for his peerless ability to shut out pain, won his tfiird straight World Cup triathlon on Australia's Gold Coast yesterday. Allen stretched his unconquered sequence to 14 jaces in completing the two-km swim, 75-km cycle
        57 words
      • Article
        South Korea well ahead
        53 16 JOUTH KOREA won a doubles match yesterday to take an Knbeatable 3-0 lead over India in the Asia-Oceania Davis Cup ione tennis competition. South Korea's Yoo Jin-sun and Bae Nam-ju beat India's Zeeshan Ali and Leander Paes 3-2 (2-6, 4-0, 6-1, 3-6, 9-7) on a clay
        53 words
      • Article
        Bobrik takes leader's jersey
        65 16 VIATCHESLAV BOBRIK, an amateur Soviet cyclist, put on 4 push with 6.4 kms left to win the third stage and take the dverall lead in the Tour de Trump on Saturday. Bobrik broke irom a trio of riders on the second 4.8-km city street circuit Qefore
        65 words
    • Article
      Lock icon Sanchez, Graf in Citizen final
      241 16 AP ARANTXA SANCHEZ-VI-CARIO of Spain beat Martina Navratilova for the first time in her career on Saturday and advanced to the final of the U*****,000 Citizen Cup women's tournament in Hamburg. Sanchez-Vicario, ranked fourth in the world and the No 3 seed, wore down Navratilova
      AP  -  241 words
    • Article, Illustration
      Lock icon Jones triumphs for second time
      606 16  -  By A Surendren ONCE AGAIN, Kelly Jones, the crowd favourite from the US, played superbly and defended his title successfully against young Tasmanian Richard Fromberg to clinch the Epson Singapore Super Tennis tournament title. In a final which mixed all aspects of surprise and a
      Photo by Jerry Seh  -  606 words
    • Article
      Lock icon Unbridled runs away with Kentucky Derby
      321 16 AP UNBRIDLED took the lead from Summer Squall at the top of the stretch and ran away with the Kentucky Derby in bright sunshine at Churchill Downs on Saturday. On the turn, it appeared that Summer Squall, second choice in the betting, was headed
      AP  -  321 words
    • Article
      Lock icon Stewart moves in front in Nelson Classic
      169 16 AFP A SMALL ADJUSTMENT to his putting grip produced immediate results for Payne Stewart as he shot a two-un-der-par 68 and grabbed a two-shot lead with one round to play in the Byron Nelson Classic in Texas on Saturday. Stewart, seeking his second
      AFP  -  169 words
    • Article, Illustration
      Winning titles from Teldec
      1176 19  -  J Gordon reviews three CDs recently released under the Teldec label J Gordon IF THERE IS one area where everyone can be a winner, it must be the local growing market for classical CDs. Benefiting from a good reduction in CD retail prices, and the quality
      1,176 words
    • Article
      Lock icon Famous artist, failed person
      731 19  -  Robert Altman's new movie on Vincent van Gogh examines how the artist, whose works now sell for record prices, was driven to suicide by a sense of failure. Galina Vromen reports. Galina Vromen Reuter THE FILM is not about a famous artist, but about a failed
      Reuter  -  731 words
  • Page 16 Advertisements
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      176 16 •OARDFAX™ jflpPP jHj Kit jfl 109 North Bridge Road, #05-33 Funan Centre, Singapore 0617 Tel: 338-2815 #339-1936 IEJSEIJTjn^^ Fax: (65) 338-6031 Tlx: RS ***** JBRUPA ■BQS|I|P^^H Factory: BBAaljßiU«yjgUflQHH^^H 73 Ayer Rajah Crescent, #06-25, Singapore Tel: 779-0101 (4 lines) Fax: 779-4331 Tlx: RS ***** ELECT f NEVADA BOB'S,GOUF/> Ipl America s
      176 words
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      Page 16 Advertisements Column 2
      362 16 AN EXCLUSIVE BUSINESS SEMINAR 11 May 1000 The USSR is not an easy mark* to penetrate, but with the introduction of Pereetrofca and Glasnot, it to openira up and wants Asia to participate in its eoonomic reconstruction. Doing businees with the USSR can be profitable if you know how to
      362 words
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  • Page 18 Advertisements
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      240 18 WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot HL 3Hg^£^a^^Hß9^Ej?^ I li r 1 m I Spicv Szechuan dishes served at lunch and dinner dailv I in the cool, inviting atmosphere of Szechuan Court. I Reservation, 330 8310
      240 words
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      Page 18 Advertisements Column 2
      308 18 m< I DIAN XIN 1 TCMPTATION! Ijd Treat yourself to a Delectable li Dian Xin lunch. I-All-vou-can-eat for l.r oniv 16.80 Vt per person. lunch Hours: 11.30 am 2.30pm L •Hu> Htt. MTVTT chuy A 4\ gj>Tmww m I i MWTREGeNCY©SJNGAPORE 10-12 Scota feud Stnpipurv Wi! Tel ****** 1 1
      308 words
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      Page 18 Advertisements Column 3
      254 18 v.- i Vf 1..V 2w>'»V' -*—V. -*'V WH-J >. Buy a glass of Heineken Beer during Happy Hour# and you gel to participate in this game of wits. 2 Heineken hampers to be won each week. Every Monday only. PiAZAHgr& SBVW •uwrnoMrHNnmiM M Ct^L'—.ai What's Cooking on Mother's Day May
      254 words
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      Page 18 Advertisements Column 4
      320 18 COME ON, JOIN IN! At The Library, every Monday night la Karaoke night. So come on down and Join in the fun. May 7,14,21 and 28. From Bpm -2am. No flrat drink charge. Liaaiy Jmw/S'T' htktntitinrfMpnn. 333 Orchard Road. Singaporeo923. Tel: 737 4411. jrM the Philippines their own unioue'styie, presenting
      320 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      647 18 TELEVISION AND RADIO mm I p 1 SBCI9 cal success of the lovable car- Wraatftag. BU$WE$$ ON IJ 4- T I-a K\ AVO fl r\ &PVIZ toon series The Simpsonr, a $.00 Raglaaai Haws (M). riuni ior iiDcrdiion s-arajs %zzzz kl? O a*"* Ru fy Fiml the late Hollywood actress
      647 words
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      179 19 AND ENTERTAIN Prelude To Austria's Gastronomic Repertoire. Come May 7 to 25, Hubertus Grill gives you a rare chance to savour Austria's rich and wonderful culinary classics, complemented by a choice selection of fine Austrian wines. Guten apetit! A© Century Park Sheraton Singapore 16 NASSIM HII.L, SINGAPORE 1025. TEL: 732
      179 words
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      Page 19 Advertisements Column 2
      121 19 NOTICE NOTICE IS HEREBY GIVEN that. I Ng Lee Chuan of No Blk 912 Jurong West St. 91 #03-252 Singapore 2264, have applied for a Retail Beer Shop licence in respect of premises at M/s Soon Huat Heng Fruits Dealer at Blk 225 Jurong East St. 21 #01-801 Singapore 2260,
      121 words
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      Page 19 Advertisements Column 3
      180 19 I L For Lunch only Roasted Peking Duck -J- J- Set Menu 4. Steamed Duck Soup 1. Roasted Peking Duck with Vegetable 2 Maple Leaf Special 5 Steamed Rice in pjlrf Bean Curd Bamboo Tubes JEg-l 3. Shredded Duck with 6 Longgan White 1 Green Pepper Fungus/Dessert MAPLE LEAF Szc
      180 words
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      Page 19 Advertisements Column 4
      352 19 J It] TRADITIONAL CANTONESE tISSI CUISINE if BEST HONG KONG, c DIAN XIN IN TOWN China China Restaurant 1 Marina Bay Golf a Country Club l V J> 6 Marina Green Singapore 0101. For reservations Please Call 22i»ii. 1 TIEN COURT I SICHUAN CUISINE OA H| For a Wealth of
      352 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Analysts expect market to open on firmer footing
      4846 20  -  By William Chia THE SINGAPORE stock market is expected to open stronger this week following its strong gains last Friday and the firmer close of the Dow Jones. Fraser Roach Research Manager Najeeb Jarhom said: "Last Friday's late rally on rising volumes
      4,846 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3861 21 Main Board OUE 895 +55 +6.5* Roth Inds 50* 362 f 28 +8.4% DBS Land 320 +27 +9.2% Singmaiine 50* 430 26 6.4% DBS Land A 306 +26 +9.3% Cold Storage H 440 +22 +5.3% Asia Pacific 1030 20 2.0% SPH Foreign 960 +20 +2.1%
    3,861 words
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  • MARKET REVIEWS
    • Article, Illustration
      Lock icon Technical factors point to further fall
      1003 22 DBS Securities HONGKONG share prices dropped in quiet trading last week, with the Hang Seng Index losing 39.36 points, or 1.3 per cent, to close at 2,946.97 points on Friday. The main indicator fell 36.24 points to 2,950.09 on Monday after oeing beaten below
      DBS Securities  -  1,003 words
    • Article
      Bulls and bears find comfort in local election results
      725 22  -  By Ray Heath THE REACTION of Britain's senior political party leaders Tory Prime Minister Margaret Thatcher and opposition Labour leader Neil Kinnock to the results of the local elections last week was a chorus of, "We won." Something similar was being
      725 words
    • Article
      Lock icon Firmer A$, metal prices boost stocks
      263 22 SYDNEY^ AFP A STURDY local currency and firmer metal prices helped the Australian stock market combat bad economic news and rise during the past week. The All Ordinaries Index, rose 4.0 points to 1,460.5. The All Industrials Index rose 1.1 points to 2,265.4, the
      AFP  -  263 words
    • Article
      Lock icon Small-lot buying does its bit for 'golden week'
      423 22 AFP JAPANESE share prices advanced in slow trading during the holiday-shortened two-session week due largely to individual investors* small-lot buying. The Nikkei Stock Average gained 588.84 points during the "Golden Week" when it finished at 30,173.64 on Wednesday following a 250.64-point setback
      AFP  -  423 words
    • Article
      Lock icon Buying spree dampened by government decision
      155 22 AFP INDIAN stock markets opened on a buoyant note last week, but suffered a slide as the government dashed investors' hopes that it was planning to decontrol the steel industry. The Bombay Stock Exchange's Sensitivity Index fell 17.67 points from 793.78 at the beginning
      AFP  -  155 words
    • Article
      Lock icon Economic statistics give mixed signals to Wall Street
      746 22 FT A FRESH broadside of contradictory economic statistics last week left Wall Street thoroughly confused about the pace of the economy's expansion and the outlook for inflation. The figures on April employment, an important measure of economic activity, were surprisingly low. Nonfarm
      FT  -  746 words
  • Page 22 Advertisements
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      354 22 NOTICE NOTICE IS HEREBY GIVEN that, I Ling Kim Choon of No. 25 Jalan Wangi Singapore (1334), have applied for a Beer House, Second Class licence in respect of premises at M/S May Cafeteria at Blk 409 #01-409 A Eunos Road 2 Singapore (1440), and that this application will be
      354 words
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      Page 22 Advertisements Column 2
      75 22 IL m A 9 A M IMPROVE YOUR BUSINESS POTENTIAL THROUGH JSJ To subscribe contact: JAPAN STEEL STRUCTURE JOURNAL CO., LTD. Hirano Bldg.. 4-8-1 Hatcho-bon, Chuo-ku, Tokyo 104, Japan Tel: 03 553 6961 Fax:o3-555-2892 *astt SlliiittiJiS ARE YOU RELOCATING YOUR FACTORY/WAREHOUSE TO MALAYSIA? We can provide the following services:- Suitable
      75 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Widespread gains push index up 31.5 points
      3908 23 MBT THE stronger-than-expected recovery last Friday lifted the Kuala Lumpur stock market out of the red into plus territory in another holidayshortened week. It was closed on Tuesday for Labour Day. The widespread gains pushed the New Straits Times Industrial Index 31.51 points
      MBT  -  3,908 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      164 23 With NZI Homesurance, you're covered for any blows that might befall you. You never need hold your breath again. No You're also covered against third party liabilities, matter what comes your way. In addition, we also provide cover for loss and NZI Homesurance gives you the widest fraudulent use of
      164 words
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  • WORLD STOCK MARKETS
    • US blue chips see fifth consecutive gain
      • Article, Illustration
        NEW YORK
        1390 24 A RALLY in US bond prices on a surprisingly mild April employment report helped sweep blue chips to their fifth consecutive gain on Friday. The key stock index, aided by late futuresbuying, closed above 2,700 for the first time in nearly two weeks. The 30-year US bond shot
        1,390 words
      • Article, Illustration
        LONDON
        810 24 LONDON share prices closed mostly higher on Friday, buoyed by better-than-expected results for Prime Minister Margaret Thatcher's Conservative Party in Thursday's local elections. The Financial Times-Stock Exchange 100-share index finished up 27.3 points, or 1.26 per cent, at 2,162.2. This was slightly below the day's high of 2,168.0 but
        810 words
      • Article
        AMSTERDAM
        361 24 DUTCH shares closed firmer but below their highs on Friday, shrugging off unfavourable earnings reports by DAF and Philips which dented share prices earlier in the week, dealers said. Rising prices of Dutch state bonds in the wake of a new nine per cent 10-year state bullet loan supported
        361 words
      • Article
        BRUSSELS
        132 24 BELGIAN shares ended a lacklustre and trendless week of trading mixed on Friday, although dealers said volume had picked up in the afternoon because of selective buying from foreign and institutional investors. The main forward market index added 4.63 points to 6,042.47 and the cash market index put on
        132 words
      • Article
        FRANKFURT
        200 24 FOREIGN INVESTORS, relieved as the prospect of a major nationwide strike faded, jumped back into the West German share market on Friday, driving prices sharply higher in active trade. The DAX index of 30 blue chips ended 31.10 points or 1.7 per cent higher at 1,912.89. Dealers said prices
        200 words
      • Article
        JOHANNESBURG
        443 24 THE Johannesburg stock market closed firmer on Friday as three days of historic "talks about talks" between the African National Congress and the South African government approached conclusion, dealers said. Both sides in the talks have indicated good progress so far regarding obstacles standing in the way of a
        443 words
      • Article
        MILAN
        148 24 ITALIAN share prices ended generally higher on Friday with sentiment aided by the strong showing of Fiat and state telecommunications holding Stet which advanced nearly 4 per cent. Advances registered on other European stock markets also helped boost activity, although the market remains cautions ahead of weekend local authority
        148 words
      • Article
        ZURICH
        285 24 SWISS shares closed markedly higher in lively trading on Friday. The market was lead higher by insurers which had been under strong selling pressure in recent weeks. The all-share SPI index closed 12.6 points or 1.18 per cent higher at 1,076, with the day's high at 1,077.1 points. The
        285 words
      • Article
        Untitled
        276 24 May 4 Close Prcriowi NEW YORK Dow Jones 2710.36 2696.17+14.19 NYSE Financial 138.32 137.02 +1.30 SAP 500 338.39 335.57 +2.82 Turnover (million) 141.00 145.57 -4.57 LONDON Financial Times 30 1696.8 1676.6 20.2 FTSE 100 2162.2 2134.9 27.3 Turnover (million) 437.5 392.8 +44.7 AMSTERDAM CBS General NA 192.60 NA BRUSSELS Stock
        276 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback expected to face more selling pressure against D-mark
      598 25 FOREX WEEKLY ROUND-UP THE US DOLLAR tumbled against the West German mark last Friday after weak US employment data for April quashed speculation the Federal Reserve would boost US interest rates soon. The US dollar finished at its lowest level in
      598 words
    • Article
      Lock icon A$ ends stronger on high rates concern
      571 25 ASIAN CURRENCIES AFP CONCERN over high interest rates to fight stubborn inflation pushed up the Australian dollar during the week, while across the Tasman Sea, the New Zealand unit continued to fall. The yen Armed slightly in thin trading during a week truncated
      AFP  -  571 words
    • Article
      INTERBANK FOREX RATES
      375 25 Cross rates M» y s USS S$ MS Dm Yen SFr AS NZS USS 1 6665 158.20 0.6013 1.4432 1.3236 1.7437 SS Closed MS Closed Dm 0.6001 0.0000 0.0000 94.93 0.3608 0.8660 0.7943 1.0463 Yen 0.6321 0.0000 0.0000 1.0534 0.3801 0.9123 0.8367 1.1022 1.6630 0.0000 0.0000 2.7714
      375 words
    • Article, Illustration
      Lock icon Australia Reserve Bank likely to keep A$ down
      493 25 Reuter THE Australian Reserve Bank is likely to continue its battle to push the Aussie dollar lower over the next month, dealers and economists said. "The market is wary about the Reserve. We believe they will keep intervening and they won't let
      Reuter  -  493 words
    • Article
      Lock icon Jobs data will deter Fed tightening
      312 25 Reuter THE weakness of US April employment data will deter the Federal Reserve from tightening monetary policy soon, economists said. "The talk of Fed tightening has gone by the wayside. There is undeniable weakness in these numbers," said Joseph Carson, senior economist at Chemical
      Reuter  -  312 words
    • Article
      Lock icon Analysts see underlying support for gold
      396 25 GOLD FINANCIAL FUTURES REPORT Sin Huat Bullion (S) AS SOON AS spot gold opened at USS36B.OQ/368.50 last Monday, sellers pushed values down in an attempt to break the mid-March low of U*****.50, but only managed to reach U*****.30/ 365.80. The failure was due to
      Sin Huat Bullion (S)  -  396 words
    • Article
      FINANCIAL FUTURES
      304 25 COMEX May 4 CPU) FUTUWtS (100 oz) USS/oz Open High Lw Settle Change May 370.09 370.90 Jun 373.20 374.60 372.60 373.10 -0.60 Jul 375.70 375.50 -0.70 Aug 378.10 379.60 377.50 377.90 -0.80 Oct 383.40 383.60 383.00 383.00 -0.90 Dec 388 40 389.40 387.70 387.80 -1.10 Feb 91 393.40
      304 words
    • Article
      PRIME LENDING RATES
      527 25 BANKS ABN Bank 7V, Allied Irish Bank PLC 7V, American Express Bank 7V, Am'Dam R'terdam Bank 7V, Arab Banking Corp 7V, Arab Bank Ltd 6V, Asia Commercial Bank 7 ANZ Banking Group 7V, Ban Hin Lee Bank 7V, Banca Commercial 7% Banco do Brasil 7V, Bangkok Bank
      527 words
    • Article
      MONEY MARKET
      557 25 Interbank rates S$ Bid Offer Overnight 6 3/16 6 5/16 1-month 6 1/2 6 5/8 2-month 6 5/8 6 3/4 3-month 6 3/4 6 7/8 Overnight mode: 6-5/16 US$ High Low 7 days 8 3/8 8 1/4 1 month 8 3/8 8 7/16 2 months 8 9/16 81/2
      557 words
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  • COMMODITIES
    • Article
      Lock icon UK firm lands Burmese oil deal
      281 26 AFP BURMA'S military junta has signed an offshore oil exploration and production contract with Premier Petroleum Myanmar Limited, a Bur-mese-registered British firm, the Myanmaf News Agency (MNA) reported in Rangoon on Saturday. The State Law and Order Restoration Council (SLORC), the military junta's official
      AFP  -  281 words
    • Article
      Lock icon Cambodia seeks oil exploration aid
      246 26 AFP CAMBODIA hopes to start exploring for ofTshore oil with the aid of foreign firms from 1991 amid other projects aimed at overcoming an energy shortage, a planning official said in Phnom Penh on Saturday. The Phnom Penh government currently imports about 220,000 tonnes of
      AFP  -  246 words
    • Article
      Lock icon LME considering stainless steel
      200 26 Reuter THE London Metal Exchange (LME) has considered the possibility of introducing a stainless steel contract, it was disclosed at a nickel seminar in London. "I was one of those talking about this as a possibility a while ago. It has a lot going for it,"
      Reuter  -  200 words
    • Article
      Lock icon Petroleum prices plunge, gold leads metal upturn
      865 26 REPORTS AFP PETROLEUM prices fell sharply following news of output cuts approved by an Opec meeting in Geneva last week, reflecting scepticism in professional circles over the chances of their being implemented. The Opec emergency meeting was aimed at stemming the sharp drop
      AFP  -  865 words
  • Article
    PRICES
    1134 26 Rubber HAS (M> In bait) S cents/kg Int 1 RSS April Close Apr 30 158.25 May I dosed May 2 160.50 May 3 160.50 May 4. 161.50 MRELB (teb In bate*) M cents/kg Int 1 RSS April Close Apr 30 228.50 May 1 closed May 2 229.50 May 3
    1,134 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      619 26 NOTICES PARKWAY HOLDINGS LIMITED 5530,000,000 GUARANTEED FLOATING RATE NOTES DUE 1993 In accordance with the provisions of the Notes, notice is hereby given that for the three month period 7 May 1990 to 3 August 1990, the Notes will carry a rate of interest of 8.25 per cent, per annum
      619 words
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      Page 26 Advertisements Column 2
      196 26 IN THE MATTER OP THE COMPANIES ACT CAP 5t AND IN THE MATTER OP TAN ENG KENG A SONS HOLDINGS PRIVATE LIMITED MEMBERB' VOLUNTARY WINDING-UP PINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50 that the Final Meeting of the of members of
      196 words
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      Page 26 Advertisements Column 3
      2 26 j jisitr
      2 words
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      Page 26 Advertisements Column 4
      15 26 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1039 27 City FVgM ETA FHgtt ETC i MateM* QF81 1840 SQ225 2215 SQ228 1915 rimmn- RJ182 1445 RJ183 2320 Hmtwilim KL842 2035 GA893 1045 KL841 1055 SQ23 1200 toMmi TE25 1800 TE28 1920 SQ388 2025 Ba ndar S«ri BI421 1100 SQ182 0915 Bacawan SQ181 1410 BI422 1205
      1,039 words
    • Article, Illustration
      Taking a slow boat down the river
      575 27 LETTER FROM THE AMAZON J S Despite it often being cheaper and quicker to fly around the Amazon these days, nothing quite matches the romance of taking a slow boat down South America's greatest river. The vast waterway is still plied by hundreds
      575 words
    • Article
      MONEY CHANGER RATES
      152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4020 1.4220 Canadian dollar 1.S920 1.6120 NZ dollar 1.0610 1.1010 Sterling pound 3.0600 3.0800 US dollar 1.8730 1.8830 Local dollars to 100 units of foreign currency Austrian schilling 15.40 16.40
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      124 27 Duration Title Venue Organiser Duration Title Venue OjMiMer Td Apr 27- International West Dussetdorfer (49)211/4560- May 7-10 Computer *90 Hongkong Business and 5-*****3 May 10 Fair Printing Germany MesserseJtach- 01 "90 Convention A Industnal and Paper aft mbH Nowea Exhibition Trade Fain Lid Centre Trade Fain Lid
      124 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      45 27 I he husino* person vhoiic c\crv 1 uod.iv I tuirMl.n. Viturln mil SunJ.iv. I c.n in«;<'h.»nt \irpi»rt .11 hour* mil jrrnins; it 2 Jitfcrcnt vitics in the I > >\ the follow ins; J.i\. A K u I-: AT ii < > i I" I:KS II A 11: AirCsnsds
      45 words
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      Page 27 Advertisements Column 2
      281 27 A RESULTS PRODUCING SEMINAR HOTEL IMPERIAL SINGAPORE p 24-25 MAY 1990 mp VO Jointly organized by: IfiW Kf fnottCT ctNTt* Scandatn Systems jwtotN (M) Sdn Bhd RAYMA-DRC SEMINARS Whilst most companies have been successful in bringing down production costs, few pay much attention to spiraiing materials handling costs. This results
      281 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      382 27 1 Slender structure is only just 10 Wrong for a footballer, but ___flß__JHL_JHL__^H——^H— —*H 11 Dark hint that dirty work is 12 Poll tax, and one whom it is jj— 13 Music for the Royal Horse 14 The East has won back enough (4) I 1 1 I I I
      382 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      207 27 Singapore Outlook: Showers in the morning Report: Max temp. 30.5* C Assoc humidity 72% Min temp. 25.2* C Assoc humidity 97% Hrs of sunshine 7.30 Rainfall in mm Trace Rainfall this mth. 168.6 Rainy days this mth 3 World report Asia-Pacific Hi/Lo* Cond. Auckland 18/12 Fair Bangkok 37/27 Fair Beijing
      207 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      53 27 I:i"feiJRM£!SSBSS! f vou w *ve sco«£d) l£Ts see (5 points wefrneß 5 J un* T vckjr Wod To wvj woR BeAsr. Tv*e Pinpil o<^esT )C >j\\2 —:—x ro K j s A N «c£: v "OOOL SHOOtp BG. u)P>SMeD AT I 5 (b'Nis Jo fe^^^^^VßO'W!! fs 1 C EVENING STANOAKO
      53 words
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  • Article
    Lock icon China to lease land to M'sia for rice
    392 28 NST, AFP CHINA has offered 28,322 hectares (69,955 acres) of land to Malaysia on a 70-year lease for planting rice, Malaysian Agriculture Minister Datuk Seri Sanusi Junid said yesterday. He said the land would be cultivated by the National Rice Board to
    NST,; AFP  -  392 words
  • Article
    Lock icon US secretly bought Soviet arms from E Bloc, says paper
    310 28 AFP THE US secretly bought sophisticated Soviet arms from Romania and other Warsaw Pact countries over the past 10 years, the Washington Post reported yesterday. Quoting "intelligence sources here and abroad", the paper said the buying programme had been coordinated
    AFP  -  310 words
  • Article
    Lock icon Violence could erupt: E German politicians
    102 28 AFP THE impending economic upheaval in East Germany compounded by real estate speculation could set off a spiral of violence and generate a climate of "latent civil war", according to warnings sounded yesterday by East German politicians. Interior Minister PeterMichael Diestel. in an inter-
    AFP  -  102 words
  • Article
    Lock icon New York pays US$426m in overtime
    343 28 NYT LED BY a supervising electrician in the Department of Correction who was paid more than the mayor, New York City employees made US$426 million in overtime last year, a city report says. The citywide overtime increased 28.5 per cent over the 1988 amount
    NYT  -  343 words
  • Article, Illustration
    Lock icon Soviet move paves way for German unity
    465 28 Reuter THE SOVIET UNION has cleared the path to rapid German unity by dropping a key demand that its military status be defined before unification, a West German official said yesterday. Soviet Foreign Minister Eduard Shevardnadze told the first "two-plus-four" session on German
    Reuter  -  465 words
  • Article
    Lock icon Chicago traders' trial seen as major test case
    373 28 Reuter THE TRIAL begins tomorrow of three traders charged with defrauding customers of the world's two largest futures exchanges, and observers say the credibility of the industry and of US government investigators is at stake. In the trial of the three Swiss-franc
    Reuter  -  373 words
  • Article
    Lock icon Air India may lease grounded Airbuses
    200 28 AFP THE INDIAN government may lease its 14 Airbus-3205, grounded indefinitely following the fatal crash of one of the jets, to foreign airlines, news reports said yesterday. The government was seriously considering leasing the fleet, along with four new ones India was to receive
    AFP  -  200 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      122 28 Ll|~- nnunHiN l For the life of your bock Dauphin (SEA) Pte lid Tel: *****00 IA 111 1 Jhm+kt W. Pinjlb. OmttilCsJ Ming hospitality. It stays with your clients. Some memorable things haw a way of staying with your clients like the impeccable services we provide at our Executive Suite
      122 words
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      Page 28 Advertisements Column 2
      23 28 CANADIAN BUSINESS OPPORTUNITY. INDUSTRIAL SUPPLY COMPANY BASED IN TORONTO, ESTABLISHED 8 YEARS. GOOD GROWTH POTENTIAL, OWNER MOVING.... Cdn. $325,000. HAROLD J. ELMY Ca.
      23 words
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      Page 28 Advertisements Column 3
      272 28 r lSBr" Dau P H|N Vjgyjjl k For the life of your back DawpMn (SEA) Pit Ud JT Tel: *****00 j- Ak v The Asian International Electronic Communication MMMIiMtm fht 4th Asian International Computer Communications 'A Information Systems Show Conference THE ASIAN COMMUNICATION WyY EVENT Asia's premier exhibition for I]
      272 words
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  • Shipping Times
    • Article, Illustration
      PNSC spreading its net further into S-E Asia
      379 29  -  By Rahita Elias PAKISTAN National Shipping Corporation (PNSC), which will soon switch agents for Singapore from Eastern Maritime to Sea-Pac Management, is spreading its net further into South-east Asia. It will accept eastbound cargo from Singapore and Colombo to the Far East
      379 words
    • Article
      Thai Airways to convert two passenger aircraft into cargo freighters in 1992
      467 29 THAI AIRWAYS plans to convert two of its passenger aircraft into cargo freighters to better service demand from Hongkong, Europe, Japan, and South Korea. The South China Morning Post quoted Thai Airways' cargo marketing director Kawin Asawachatroj in
      467 words
    • Article
      Thailand and Laos form body to improve transportation
      242 29 THAILAND and Laos, which last week signed an agreement on transit cargoes to Laos, have formed a joint committee aimed at improving transportation between the two countries. Both nations will jointly attempt to lower the transportation cost of moving cargo to Laos
      242 words
    • Article
      ADB approves $258m loan to develop two Indian ports
      282 29  -  From Julie Chatterjee IN BOMBAY THE ASIAN Development Bank (ADB) has approved a $258 million loan for the development of Bombay and Kakinada ports. ADB has also agreed to provide two technical assistance grants totalling $200,000 to India for the country's
      282 words
    • Article
      SCI's operations being upgraded
      196 29  -  From Julie Chatterjee IN BOMBAY EFFORTS are being made to increase the operational efficiency of the Shipping Corporation of India (SCI) to face sustained competition from foreign liners in the Indian subcontinent, said Mr J Sheth, SCI chairman and managing director. Addressing members of the Indian
      196 words
    • Article
      Big 'tweendecker order expected from IMC
      373 29 HONGKONG'S International Maritime Carriers (IMC) is strongly believed to be considering one of the biggest 'tweendeck motorship orders in history at a possible cost of up to US$24O million. According to a Lloyd's List report, the shipping market clearly needs tonnage to replace the
      373 words
    • Article
      NCT plans to diversify into box refurbishing business
      244 29  -  By Othman Abu Bakar KLANG-BASED container operator NCT Bhd plans to diversify into the container refurbishing business by the end of the year. NCT, owned and managed by Tripee Sdn Bhd, hopes to convert its cocoa bean godown at the north port
      244 words
    • NEWS SUMMARY
      • Article
        Keeping the Philippine economy afloat
        32 29 INTREPID Filipino mariners rule the high seas in the world of merchant shipping, mod-em-day Sinbads in the business of keeping the ailing Philippine economy afloat Page 2
        32 words
      • Article
        South Korean yards expect profits
        33 29 DESPITE a wildcat strike at South Korea's biggest shipbuilder, industry officials are confident that their shipyards will generate profits this year and remain the world's leaders. Page 2
        33 words
      • Article
        Lexmar likely to revive La Ctotat
        43 29 US-BASED Lexmar Corp is the most likely candidate to win approval for a plan to revive the La Ciotat shipyard near Marseilles in the south of France, despite continued opposition from the French central government. Back Page
        43 words
      • Article
        Qantas to axe four unprofitable routes
        32 29 AUSTRALIA'S national airline, Qantas Airways Ltd, will drop four unprofitable routes later this year to focus its services on Asia, a Qantas official said Back Page
        32 words
      • Article
        APC suffers loss of US$2.5m
        26 29 MARINE CARGO policies can either be 'valued' or 'unvalued' policies, writes lan Lancaster in this week's Water Mark column Back Page
        26 words
    • LOO BOOK
      • Article
        CRMS for harbourcraft telephone users
        105 30 THE CURRENT SYSTEM SERVING harbourcraft telephone subscribers will be replaced from July with the Cellular Mobile Radio System (CRMS), which supports the mobile telephone service. Transmission quality would be improved, said a Telecoms press release, as the new system operated on a higher frequency band
        105 words
      • Article
        HK box, cargo shipments
        84 30 HONGKONG'S CONTAINER and cargo shipments registered lower growth rates in the first quarter of 1990, reflecting the effect of China's austerity drive. Figures from the Colony's Marine Department showed that containers handled in the period totalled 1.06 million, with total cargo at 19.8 million tons. Shipments
        84 words
      • Article
        Box traffic at Tanjung Priok
        70 30 INDONESIA'S TANJUNG PRIOK handled 443,947 TEUs last year, up 32 per cent over 1988. Container traffic at the port has been rising at an average annual rate of 25 per cent in line with the country's expanding export trade. It is expected that over one
        70 words
      • Article
        Nisshin acquires hotel rooms
        104 30 NISSHIN STEAMSHIP CO, a small Japanese shipowner, said it has acquired 99 rooms on the upper three floors of the 12-story Regent Beverly Wilshire Hotel, Beverly Hills, California, for US$ 1 billion. The rooms will be made into 18 condominiums and refurbished by the end of
        104 words
      • Article
        Military requirements cut
        95 30 THE UK GOVERNMENT has cut by half its military requirements for British merchant tankers in time of crisis, a Ministry of Defence spokesman said. Revised planning assumptions had cut the UK requirement for large oil tankers of more than 15,000 tonnes by 50 per cent, the spokesman
        95 words
      • Article
        Panamanian vessel grounded
        30 30 PANAMANIAN CARGO VESSEL Trio Ace ran aground on May 2 near Bombay, Lloyds Shipping Intelligence said. The 10,070 dwt vessel left Alexandria in Egypt around April 18.
        30 words
      • Article
        Exxon trial put off indefinitely
        73 30 EXXON CORP and its shipping company have persuaded a judge that criminal charges stemming from America's largest oil spill are too complicated to be heard as soon June 18. A US district judge in Anchorage, Alaska, has postponed the trial indefinitely. The June 18 date
        73 words
    • Article
      Lock icon S Korean yards expect profits despite strikes
      402 30 Reuter Despite a wildcat strike at South Korea's biggest shipbuilder, industry officials are confident their yards will generate profits this year and remain the world's leaders. A bitter dispute over arrested union leaders has halted production at Hyundai Heavy Industries Co Ltd, South
      Reuter  -  402 words
    • Article
      Lock icon Keeping the home economy afloat
      520 30 Filipino seafarers are helping to earn much-needed dollars for their country AFP INTREPID Filipino mariners rule the high seas in the world of merchant shipping, modern-day Sinbads in the business of keeping the ailing Philippine economy afloat. The government said 103,280 of them booked passage
      AFP  -  520 words
    • Article
      COCKETT BUNKER MARKET REPORT
      827 30 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
      827 words
    • Article
      THE SHIPPING GUIDE
      12417 38 This is a list of ships loading m at Singapore for ports around the world. It tabulates, by destination, the name of the w ship, the shipping line involved and the estimated n dates of arrival and departure F< from the Port of Singapore. Advanced dates are
      12,417 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        572 45 Vh* toy Hi Mk Mnt Dqwto« W feyNa Bart. UnM Oapartw Itoppti Wtimcii Continent 1 4/90 K17 alongside 07.06/ 1500 GoM Asa 5E K18 alongside 07.05/ 0700 Koto Ptfa« 22/90 K31 alongside 06.05/ 1700 Lmuum ***** K33 alongside 06.05/ 1345 Wah 1 K35 alongside 06.05/ 1130 IMiMsfcM
        572 words
      • Article
        CONTAINER SCHEDULE
        1880 45 KCtlWHC OF EXPORT Fa CONTAINERS *HP US. CM60 Translator Schwhin < 9t No Ait Data Tina From To Boctt* Gata Op GAi M Gondarw 10Si90 09.05.90 1000 07/1900 07/1959 Portnet 2 Q4 00 F01 s W K W 08/0230 08/0259 NA 2 Awe *****N 08.05.90 0700 07/2015 07/2044
        1,880 words
      • Article
        IN MALAYSIAN PORTS
        304 45 Ntt «—g South Part Stott Aquamarine berth 1; Shoko berth t M berth 3; Kris Merub berth 4; Hung Lee 4 berth 7; Hong Soon berth 7A. KCT: Bunga GeJang berth 8; Yang Fang Kou berth 9; Al Ahmadiah berth 10. North Part Ping Jiang berth 11;
        304 words
    • Article
      DAILY FREIGHTS
      933 45 CHARTERING activity was slow to develop on the dry cargo freight market on Thursday, with very few fresh fixtures reported and little interest seen for key voyages, brokers said. Quiet conditions reflected this week's holidays in Europe and Japan and the approach of the spring holiday weekend in
      933 words
    • Article
      Lexmar most likely to win approval to revive La Ciotat
      541 46 US-BASED Lexmar Corp is most likely to win approval for a plan to revive the La Ciotat shipyard near Marseilles in the south of France, despite continued opposition from the French central government. According to Seatrade Week, Lexmar plans to
      541 words
    • Article
      Lock icon Qantas to axe four unprofitable routes
      226 46 Reuter AUSTRALIA'S national airline, Qantas Airways Ltd, will drop four unprofitable routes later this year to focus its services on Asia, a Qantas official said. "We are taking our resources from one part of the planet and putting them in another, much more profitable
      Reuter  -  226 words
    • Article
      Lock icon US Senate's oil spill plan criticised
      235 46 Reuter THE INTERNATIONAL Association of Independent Tanker Owners (Intertanko) said a plan by the US Senate for preventing oil spills could make accidents even more likely. The Senate, alarmed by the huge Exxon Valdez oil spill off Alaska last year, wants to give US
      Reuter  -  235 words
    • Article
      Lock icon P&O to buy 50pc of Rowbotham Tankships
      124 46 Reuter PENINSULAR Oriental Steam Navigation Co pic (P&O) has agreed to acquire 50 per cent of US-based Marine Transport Lines Inc subsidiary Rowbotham Tankships for £11.2 million. A P&O statement said Rowbotham would in future be run as a joint venture with Marine
      Reuter  -  124 words
    • Article, Illustration
      Valued and unvalued marine cargo policies
      790 46  -  jjj^^ By Ian Lancaster 9 lan Lancaster is managing director cf Citicorp Insurance Broken MARINE CARGO policies can either be "valued" or "unvalued" policies. In a valued policy, the agreed value of the goods insured is specified in the policy. An unvalued policy, however,
      790 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      125 29 BALTIC MADRAS/CALCUTTA SHUTTLE NEXT SAILING VESSEL/VOC SIN MAA ECU J VESTA 02N90 16/5 22/5 S EIGHT 03N90 08/5 15/5 CALL: 224 6071 (Sm Page 13 Column 4). ii|% SYARIKAT RTNZ Pl# SDN. BHD. I A JOINT VENTURE OF THE INTEGRATED GROUP AND THE MITSUI-SOKO GROUP Services between West Malaysia I
      125 words
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      Page 29 Advertisements Column 2
      29 29 CodHfi tanker report 2 Contaner SdwMe 17 My Frapts 17 Mb to Advertisers 3 Shpm Gwde 10,11 Shps m Port 17 Support Tite 17 Mettlwr aid Set Contorts 17
      29 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      198 30 JjfeL PAKISTAN NATIONAL SHIPPING CORPORATION PAKISTAN NATIONAL SHIPPING CORPORATION is pleased to announce that Sea-Pac Management Pte Ltd will be representing us as general agents In Singapore with effect from 16th May 1990 SEA-PAC MANAGEMENT PTE LTD Can be contacted at the following address:55 Market Street #11 -00 Sinsov Building
      198 words
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      Page 30 Advertisements Column 2
      45 30 MARKET In a tremendously competitive business wL-re ignorance means you're out and where "market intelligence" is always a welcome edgi. ADVERTISING MARKETING covers a vital scctor of the economy comprising the country's communications muscle. Every Thursday... ADVERTISING MARKETING I I EXECUTIVE I I JOBS I
      45 words
    • Advertisement
      Page 30 Advertisements Column 3
      90 30 S Globe-trotting Algator Mitsui O.S.K. Lines' Alligator container service spans oceans and crosses continents by ship, rail and truck. Our Alligators provide Asian shippers with fast and frequent sailings to the world's principal markets in the Americas, Europe, the Middle East and Oceania. For dependable delivery and experienced handling, you
      90 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      2190 31 jardine shipping agencies 200 Cantonment Road #12-05 Southpo»nt. Support Q2OB mlllfr Td *****11 TELEX NO RS ***** IVCmil TERMINAI/CfS Td *****18 220 Bmfiu*l bookings t«i *****34 -23s VCT J PESAKA JARDINE SHIPPING AGENCIES SON. BHD PORT KELANG TEL *****18 TELEX NO MA*****/MA***** h7 nmni «NANG TEL *****4 TELEX NO MA*****
      2,190 words
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      Page 31 Advertisements Column 2
      1180 31 MDEX: TOMg P«g« Col Page Col I .•> >' I MacdllK 14 1/2 I 1:,: f*—, V-f I Madju Sdn Bhd 16 1/2 Maersk Line 3 4/5 ABCContainertine 13 5 Mamfmght 15 4 Accord Shpg 8 3-5 -msr 14 1.3 Albatros Sea-Air 14 5 q. A Alfred C Toepfer 15
      1,180 words
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      Page 31 Advertisements Column 3
      2339 31 v«Hi Voy ETA I ETO 'Port -P»n«nfl DESTINATIONS SMgapor* Kalang TDM MM Lara M MM Frntv by cv tn o*oo hrs m Faroo t WKM WKM MM Hi HBI MHIHBI CfS 7/5 1(00 MUS M Tauro OAK LGB HOU MEM ATL MIA CHS BAL PML NYC MOW TOR LARS M
      2,339 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      1057 32 I I I I II ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE LIVERPOOL BAY *****5 9/5 11/5 29/5 31/5 2/6 3/6 5/6 KASUGA 09/554 10/5 5/6 29/5 1/6 26/5 4/6 BERLIN EXPRESS 01/556 16/5 16/5 5/6 7/6 9/6 10/6 12/6 CARDIGAN BAY 95/557 17/5
      1,057 words
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      Page 32 Advertisements Column 2
      527 32 SOUTH PACIFIC SERVICE SIN POM SUV PPT ISLA FLOREANA 25/5 11/6 21/6 28/6 niRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 25/5 25/5 11/7 12/7 Singapore: smmsb 7 f-f "W fAUM/ BOOKINGS: *****08 VS. JAY A: 03-*****28 JOHORE: 07-*****2 WOOTHBOUND TO UKC Is'PORE IrDM/A'OAM HBG HULL(U K CLYOCOANK VIBN
      527 words
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      Page 32 Advertisements Column 3
      1444 32 Hsssasia mimm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN CLM ALG SOL FEL HAM BRE ROT ANT LHA ALG) HAM) ROT) NORASIA MUBARAK 9009 3 00/05 12/05 30/05 01 06 02/06 W* 07/06 06J6 NORASIA AL-MANSOORAM 9010-3 11/05 15/05 01/Ofc 05/06 07 06 06,06 0« 106 JAPAN
      1,444 words
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      Page 33 Advertisements Column 1
      1541 33 Maritime Holdings Ltdj W* P&o EJ3S2ZVL2SKB? TO^Containers MM— ACCEPTS OUt SAILS S'pore P Klin* S tor H'burf B haven R dun Lett CARGO STf MT SS STRAITS HOPE VO4E KK. Skan, Taw In Port 09 May KRIIN EXPRESS IMS W» OM* o•/»»/««« 07« RAJAH BROOKE VOBE Mujra, Lib, KK In
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      Page 33 Advertisements Column 2
      1727 33 TO: EUROPE TO: FAR EAST SP LN ROM HAM B'HVN FIX SPORE HK KAO KOB BU HANJIN LEHAVRE 007W 12/5 30/5 31/5 1* 4/6 5,4 CHOYANG PARK 007E 1/5 12/5 13/5 15/5 11/5 HANJIN FELIXSTOWE 007W HfS I* 7* I* 10* 11* HANJIN OAKLAND 007E 14/5 17/5 11/5 71/5 44/5
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      Page 33 Advertisements Column 3
      23 33 REGULAR SERVICE TO KARACHI S PORE LOADING FOR TBN 23/5 KARACHI MEWM N.T.Y. HMNBFORTATKM 00. FTC) LID. Tat 22*822 Ttc RS ***** Fmc
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      Page 33 Advertisements Column 4
      315 33 SINGAPORE CALCUTTA AND SINGAPORE CHITTA6ONG CONVENTIONAL SERVICE EASTERN CAR LINER LTD IS PLEASED TO ANNOUNCE THE LAUNCHING OF OUR NEW AND DEDICATED CONVENTIONAL SERVICE TO CALCUTTA AND CHITTAGONG M V. ASIAN STAR V.No. 113 ETA SPORE 13.6.90 WE WELCOME YOUR ENQUIRY IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE
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      Page 34 Advertisements Column 1
      574 34 -*w P.T. PTmsuii LLOYD r.T. SMUKU MHKStt P.T. TMKOM LLOYD CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE VSDVOY S PORE R OAM; H BURG BREMEN ANTWERP ADAM BAAB ULLAH/22W8 27 30/5 27/S 2/7 5/7 10/7 U. BONTANG/21WB K-IH* 26/7 29/7 1/0 2/1 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO to Mucanant
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      Page 34 Advertisements Column 2
      731 34 |(J?)HANJIN SHIPPING yry FULL container service HANJIN LI MM WW FSFI SST" ST "it" 'ST'ST SSKjj&gg-J, A S HANJIN FELIXSTOWE 002W 19/5 7/6 W 12/« 13* 'S 2 I* CHOYANG PARK (WW 26/S 13* 14/6 15* 17/6 110 CHOYANC PARK OD7E Iff H POHANC OWE W M HANJIN OAKLAND OOtW
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      Page 34 Advertisements Column 3
      1430 34 _J T _J 1 IPKL SCP HKC KSC KLC PUS HKT MR TYO BAL LHV AN* MM EU HBC I EVER GIFTED l/S WSH/Sl4/51M521/523/S2S/SMiS2W 1(1 4/7 EVER GREET 14/5 15ft 23/5 2W 25/S W 4/6 M(6 MP UJJ Jg| JJJ |g .g BEVER GOLDEN 21ft 22fl 2V5 1/6 4« 6/6
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      Page 35 Advertisements Column 1
      1814 35 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) BOOKINGS/ENQUIRIES: UK/EUROPE SERVICE *****19 AUST/INDIA/PAK SERVICE *****18 B USA SERVICE *****16 fIW FAR EAST SERVICE *****48 K DOCUMENTATION: *****44/*****14 TERMINAL: *****22 CFS: M 2 IMPORT: *****69/*****50 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA rirofto ciconj K.L.-*****33, P.Kelang-*****87, Penang-*****0. J.Bahru-*****3, *****4 LHrDStTsL/VOY PKN
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      Page 35 Advertisements Column 2
      1175 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) ~Z DISCHARGING FROM EAST BOUND LOADING FOR WESTBOUND VtSStLS VOTACt |SWtt [tWIILA HUOWt VOTACt SfOOt HUAIIC HtUtC IHAVtM TNJUHT «OTT MtnittP
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      Page 36 Advertisements Column 1
      483 36 "IMPROVED TRANSIT TIMES TO SERVE YOU BETTER" WITH EFFECT FROM MV MEDITERRANEA VI ETD SPORE 14TH MAY WE WILL OFFER TACOMA 18 DAYS PORTLAND 20 DAYS CHICAGO 22 DAYS COLUMBUS 23 DAYS NEW YORK 24 DAYS LONG BEACH 20 DAYS OAKLAND 23 DAYS CHICAGO 24 DAYS COLUMBUS 26 DAYS NEW
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      Page 36 Advertisements Column 2
      764 36 BOOKING CONTACT ETD SIN (i WY) <' WY ♦JP wv 09/05/90 PORT KELAN( PENANG BANGKOK 1 JACQUELINE ■"«> TWICE/WKLY BOOKING. CONTACT w ETD SIN 0 DAYS) (2 DAYS) (1 DAY) 10/05/90 HONG KONG KAOHSIUNG KEELUNG JOYCE/JUDY TWICE/WKLY «.w« BOOKING. CONTACT ETD SIN (6 DAYS) *(10AY) DAYS) 10/05/90 BUSAN MANILA NAGOYA
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      Page 36 Advertisements Column 3
      284 36 Continental Pacific Shipping jr s G TIMBER PLYWOOD SERVICE TO U.K./CONTINENT v KKU S PORE PK LOADING FOR ARTEMISION SW SETE/ROM/ANT/FLU/UK BYRON V SW SM SW SCTE/ROM/ANT/FLU/UK ARBELA 1W W 20/5 SETE/ROK/ANT/FLU/UK Load* Sabah, Indonesia MULTIPORT A6ENCIES (S) /ON PTE. LTD. V TEL: *****77 FAX: 225M31 f y P.K. MULTIPORT
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      Page 36 Advertisements Column 4
      625 36 GOLDEN LINE rv&. v\ guan guan shipping (pte) ltd 23, Talcfc A*w Stratt SINGAPORE 0104 TELTSONI (10 LINES) Fu: *****04 (CR No. *****5SXWW) STRAITS PERSIAN GULF SERVICE: S'pore P. Kaianf Panai* QOLDEN BEAU CotartKVKiradH; Dubai 14/1« May GOLDEN HARVEST Cotombo Kjrarti/Oubii 2V2» Hay CHINA SERVICE HAIFEN6 Bantkot 0«/10 Hay CASABLANCA
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      Page 37 Advertisements Column 1
      1538 37 SSSiPff PACIFIC INTERNATIONAL LINES (PTE) LTD Jf M flul P ll Building, 140 Cecil Street *0340, Singapore 0106. I BANGKOK 1 VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN EDEN *012 9/9 11/9 19/9 PEGASUS PIONEER 90N 9/9 11/9 19/9 DCLTA MAS IS4S 13/9 19/9 20/9 KOTA SINQA
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      Page 37 Advertisements Column 2
      1153 37 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT WM VESSEL fvOY SPORE P KLANG SHAMPTON HAMBURG BHAVEN ROAM LHAVRE Liverpool Bay* 98/555 9/5 "75 29/5 31/5 2/6 Kasuga It 09/554 10/5 4/6 29/5 31/5
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      Page 37 Advertisements Column 3
      47 37 SUHANA OSS HONG KONG 5/6 APIA (WESTERN SAMOA) 30/6 PAGO PAGO (AMERICAN SAMOA) 2/7 PAPEETE (TAHITI) 6/7 RAROTONGA (COOK ISLANDS) 9/7 NUKUALOFA (TONGA) 12/7 SAVU SAVU (FIJI) 14/7 SM CONNECTING FEEDERS FCL 8/8, 11/8,27/8 LCI: 27/8 AGENTS: BEN LINE AGENCIES (S) PTE LTD TEL: *****22 FAX *****63
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      Page 37 Advertisements Column 4
      261 37 Ml MYANMA \pßßk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang Pen Bkok MERGUI V 99* 7/1 MAY 11/13 May DISCHC ONLY HPA-AN VI49W 8/10 MAY HTONEYWA V255W* 6/7 MAY PAGAN VIS6W U/15 MAY MYOMAYWA Vl2B 24/31 MAY •DISCHC ONLY THE BANK UNI (A service of
      261 words
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      Page 40 Advertisements Column 1
      723 40 -B v fII II I 111 l Ml INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO UNITED KINGDOM NORTH CONTINENT EUROPE OUTBOUND SIN ax BRE ROM ANT HBG RST PANAMA SEN WfOli U|S OM M (M M/ 6 09/6 T. WENDA 5W H/T m 16/4 11/6 AMERICAN SEN WFOU 21/5
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      Page 40 Advertisements Column 2
      1232 40 WC CONYPfnOWAL MM VttMl FkLGFnG PG Loading tor TONGCHUAN 30/3 Rotterdam/Antwerp YANGCHUAN 21/4 Rotterdam/Antwerp cwna run cowTAnm mkbyioi Veatel PKL PNC SPOKE BKK HKG SHA QIN LYG WEI HE 50 27/3 25/3 31/3 6/4 10/4 YANG FANG KOU US 31/3 21/3 5/4 11/4 11/4 20/4 Accepting FCL Cargo for *11
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      Page 40 Advertisements Column 3
      269 40 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETO LOADING FOR DELI INDAH 8.5.90 11.5.90 PK BALAM NAGA JAVA 20.5.90 25.5.90 PANJANG LAMPUNG JAVA 8.5.90 9.5.90 PANJANG PINANG JAYA 9.5.90 10.5.90 PANJANG/PK BALAM PERITA JAYA 18.5.90 22.5.90 PANJANG/JAKARTA ABAOI JAYA 12.5.90 13.5.90 PANJANG PERITA INTAN
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      Page 40 Advertisements Column 4
      625 40 "fEll POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE J SOTRA EXCLUSIVE ROUTES ACCEPT TO ft FROM INLAND DESTINATIONS ft CAPITALS 1 AFGHANISTAN"!: Hairalon, Tourghundi, Kabul, Herat, Mazar-I-Sharif, Mashad, Kushka I IRAN I )julfa, Astara I Ifj ETD SINGAPORE 12/5, 17/5, 23/5, 28/5, 5/6 IE. EUROPE I :To all inland
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      Page 40 Advertisements Column 5
      503 40 I vfll ASEAN PORTS MAMA BHUM O$H <Nd 9/5 Fri 11/5 MEKHANIK KURAKO «N Thuf 10/5 Sun 13/5 SIRI BHUM MM fri 11/5 Mon 14/S PIYA BHUM 224N S«t 12/5 Tu« 15/5 JIRA BHUM* 07N Mon 14/5 Thur 17/5 MAHA BHUM 09N Wod lt/5 frt 11/5 MEKHAWIK KURAKO 09N Thu
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      Page 41 Advertisements Column 1
      1085 41 EXPRESS FEEDER SERVICE (Fully Containerised) vessel SIN CTG A VSL 16'5 22/5 A VSL 22/5 28/5 (Conventional Service) ETA S PORE LOADING FOR BANGLAR SWAPNA 20/5 CTG., MONGLA ETA S PORE LOADING FOR MV ALKINDI 10/5 Ummqasr/Baghdad t- bti I* -1 EAST MALAYSIA SHIPPING ENMrTEI LTD 41-A AMOY STREET, S'PORE
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      Page 41 Advertisements Column 2
      182 41 S^!cHnEL^MARIN?7GENCIEMS)TTrTTri St TEL: *****33 (12 Lines) ZZL FAX: *****15/*****03 [ti TELEX: RS ***** RISHIP (3 Lines) jf\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA ILOAOMQ FOA SPORE ANOINET 19WB 1(V09 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOEIOAX ABYOT 21WB IVO6 OARESSALAAM MOMBASA DJIBOUTI
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      Page 41 Advertisements Column 3
      599 41 MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEED£R SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OfTTSORE, INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING La CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN PUL SENTOSA 36S
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      Page 41 Advertisements Column 4
      733 41 UllTlf BAY OF BENGAL SERVICES l MADRAS CALCUTTA VESSELS m SIR MM SIR JORGEN VESTA 01N90 SLO 1W 14/5 JORGEN VESTA 02*90 14/5 22/5 24/5 JORGEN VESTA 03N90 24/5 03/4 09/4 JORGEN VESTA 04W90 09/4 15/4 21/4 VESSELS VOY SIN CCU SIN SUPER EIGHT 03N90 15/5 22/5 SUPER EIGHT 04N90
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      Page 41 Advertisements Column 5
      338 41 TO AUSTRALIA/NEW ZEALAND V* |si»p>«r»|fr«nntH |A«*H«4 ANTOERPIN M7~ Ufl 5H 5/5 Ifi i* m TNT UrtESS Ml* M T» Vfi ~W V i muok m at id to Sh W W mussel ra Hp n/7 m m SS w» 7 DATS TO FREMANTLE TO USA/CANADA ~~WL |tln»nn |N Ortwm |Cli»rt««f»i
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      Page 42 Advertisements Column 1
      1197 42 HAC-NELS SINGAPORE 1 export TEL *****22 IMPOHT TEL *****02 |1 TEL: (04) *****6 ft K K TEL: (088) *****0 TAWAU TEL: (089) *****9 KELANG TEL: (03) *****771 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 -N-AVIP BAHRU TEL: (07) *****2 I siBU TEL: (084) *****2 LABUAN TEL: (087) *****9 *—>
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      Page 42 Advertisements Column 2
      383 42 %T2*t BLUE STAR LINE s,NGAPORE T J| NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK LYT MANDAMA 0572 11 May 23 May Via NPI
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      Page 42 Advertisements Column 3
      1137 42 3TI THONG SOON LINES PTE. LTD. ASiaf-l 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES! SINGAPORE TO WEST MALAYSIA I SINGAPORE TO SABAH VESSEL VOY lETO JOEST VESSEL WT ETI HT KIM SOON LI 19/90E 12 MAY
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      Page 43 Advertisements Column 1
      696 43 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Ptnang* P. Kelang* Singapore SHAPLAEVERETT 19/20 May 21/23 May ROSEEVERETT 2/4 Jun 5/7 Jun JOHNEVERETT 12/14 Jun 15/17 Jun WEV"EVERETT ORIENT LINE" JAPAN/BAY
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      Page 43 Advertisements Column 2
      643 43 HjL^ON™NE^EßWC^ct^f^CL7LCLT!!f^^Ts^«^ Watt Coatt, Carrlbbaan,E»*t C»S, HAITI. Guatamala and HenMirat VSL IS'PORt R4AINLINER |LAX |KST fSAV INVC [HfX ZIM SINGAPORE M IM GENOA IN W M W W A. VESSEL vh ZM GENOA M 1W 21* 23* 25N LEEWARO W m KIELUNG 14* VJt m 1(1 Tfl IM MELBOURNE J4/S ZM
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      Page 43 Advertisements Column 3
      699 43 SING KWANG HANG I SISMBIU nUMVONTAIIOH (FT*) LTD WEEKLY LCL/FCL SERVICE VESSEL SPORE JAKARTA SURABAYA JENLINK 9/5 12/5 JEWWtEL 14/5 17/8 VESSEL SPORE BANGKOK A VESSEL 12/5 15/5 A VESSEL IS<5 18/5 DESTINATIONS ETA SINGAPORE PORT KELANG 11 MAY MANILA 11 MAY HONG KONG, ALL CHINA PORTS 9 MAY KEELUNG.
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      Page 43 Advertisements Column 4
      456 43 PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA SURABAYA PRASETIA 91A 09/5 12/5 PELOPOB 941 12/5 15/5 PRASETIA 93A 16/5 19/5 PELOPOR 942 19/5 22/5 TANTO UTAMA 75 12/5 15/5 TANTO UTAMA 77 19/5 22/5 TANTO UTAMA 79 26/5 27/5 TANTO UTAMA
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      Page 43 Advertisements Column 5
      355 43 H||i Hi HUB 13/5 KEELUNG/KAOHSIUNG 13/5 BANGKOK 11/5 MANILA 12/5 JAKARTA 11/5 PORT KELANG/PENANG 10/5 BUSAN 10/5 TOKYO/YOKO/KOBE 14/5 HONG KONG also accepting cargo to Hua ngpu/Sheruhen Fuzhou Xiamen/Xmgani/Shanghai SIN ESMK/IK 12/5 LDN/FLX/LVP/SOU ,14/5 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Potend/Bulpria/Czech. fr* 11/5 LA./NYC/SFO 11/5 VANCOUVER/TORONTO/MONTREAL MjUttTUiii/inr nuiM --T
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      Page 44 Advertisements Column 1
      450 44 mm?# TBN END MAY HKG, KAO, POHANG FROM ALL UNITED KINGDOM CITIES/PORTS FROM COPENHAGEN/AARHUS FROM HAMBURG/BREMEN FROM BUSAN FROM LOS ANGELES/ALL USA IPI POINTS PLATOU PACIFIC SHIPPING SERVICES RSOULAH PAH EABT M. AMERICA BREAKBULK tUVKI OWNERS' HEP OFFICE TEL: «2>Hl BW4OAPOBE: FAX: *****59 P HANSA HANSA KALMAR V.OlO BREMEN V.012
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      Page 44 Advertisements Column 2
      247 44 VSL DESTINATION ETA SIN MAHA BHUM 0»N BANGKOK «5 SIRI BHUM «4tN BANGKOK Ufi MEKHANIK KURAKO OIN BANGKOK 11/5 PIYA BHUM 224N BANGKOK 12/5 SO ORIENT ISR CEBU. MANILA 11/5 AKA BHUM 20S CEBU. MANILA 1»/S O SINCERITY 23A KARACHI. BOMBAY tfS VEGA UA KARACHI. BOMBAY 14/5 JENLINK 07N JAKARTA
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      Page 44 Advertisements Column 3
      319 44 Mmadkris business pfii CORPORATION PHILIPPINE DIRECT REGULAR SERVICES TO MANILA BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT ALL HEAVY LIFT WELCOME. M.V.'DAGOHOY' 06/90 15TH 20TH MAY MAN ILA/BISLI6 TBN 10TH MAY BISLI6 M.V.'DAGOHOY' 07/90 IST JUNE MANILA GENERAL ACT CALSOURCE SHIPPING TRADING PTE LTD. ROBINSON RD. AERO ASIA
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      Page 44 Advertisements Column 4
      320 44 JBF 3 OCE/mSERUICE ;j LCL/FCL SERVICE TO/FROM n/i KV.aluoh.lMK SINGAPORE: /fT^vS SffiHr 04-*****2 03-*****55 *****22 m lines) pEEK W IMM One Imr CMm Mm YuMir 1m l S "I' Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) WEEKLY CONTAINER FEEDER SERVICE VESSEL VOY S'PORE JAKARTA DELTA MAS 152N/153S
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      Page 44 Advertisements Column 5
      162 44 IvISSH M Wl OM CHOFU VOY 11W WO6 19/06 24*08 2*oB ALS STRENGTH VOY 12AW 2WOS 08*08 14/08 I*oB ALS ENOEAVOUR VOY 14W 0M» IWOB 24AM AcctHtnp 'FCL* lor Johann—burg vcsml nby dm m. mm tm bus ALS TRUST VOYOBE 2*04 0M» 10/08 21/08 WO6 04/06 OHFUVOYOSE 1(V0B 16/06 21/08
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  • Page 45 Miscellaneous
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      Page 45 Miscellaneous Column 1
      421 45 TIDES AND WEATHER TODAY'S noes (hegit in metres) HOUR MM **********00 MM 05M 0600 0700 0100 MM **********00 *****M0 ISM IMII7MIMOIMO 2MO 21M 22M Z3M ft 2.1 1.7 1.3 1.0 OJ OJ 09 IJ 1.8 12 14 2.4 12 1.7 1J 1.0 0.8 OJ 1.0 1.4 2.0 25 2.7 2.7
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      Page 46 Advertisements Column 1
      298 46 LIQUID CARGO PROBLEM NEED PUMPS AND SUPPORT SERVICES? Read the advertisement on the right! PAKISTAN NATIONAL -f£Br SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT KLANG PENANG SHALAMAR 13-15/5/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL
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      Page 46 Advertisements Column 2
      307 46 MERCHANT MAMNE CO. LTD. EA3TBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBW OAK SEA FROM PSW LIH OAK SEA HKG SIN HYUNDAI EXPLORER 31E 11*5 17/05 04/06 07/06 M|M HYUNDAI CHALLENGER HW «*4 12*4 £4 83*5 10*5 HYUNDAI COMMANDER 17E 18*5 24*5 11*6 14*6 17*6 HYUNDAI INNOVATOR
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      Page 46 Advertisements Column 3
      340 46 Call *****58 or Fax *****82 SINGA PUMP SERVICES PTE LTD II I I UK/CONTINENT (TRIO) u«.™.u, tr "srisr ;^j----— HI n>«> jI S J* CARDIGAN SAY Uff U* W M* MEDITERRANEAN (MED CLUB)* JEDDAH lllllMl TT r "55 mm MIDDLE EAST (OASIS)** IIBIH JTfoSTlouw DMMinmi MMAirjuoaruw *cctrny. todoha a»j oha«
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