The Business Times, 25 May 1990

Microfilm: NL17018
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 170/12/89 Friday May 25 1990 75*
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  • NEWS SUMMARY
    • Article
      US extends China's preferential trade status
      40 1 PRESIDENT George Bush has granted China a one-year extension of its preferential trade status, brushing aside critics who favoured a hard-line stance against the Beijing government a year after its crackdown on pro-democracy demonstrators.
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    • Article
      Japan's banks cut rates
      30 1 JAPAN'S three long-term credit banks have decided to lower their long-term prime rate by 0.3 percentage point to 7.6 per cent per annum, effective this Monday.
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    • Article
      Sales bonanza
      37 1 SALES of automation equipment grew by 58.6 per cent in the local market to hit $172 million between 1986 and 1988 while overseas sales surged by 83 per cent to hit 187 million Page 2
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    • Article
      GSP implication
      30 1 AT LEAST 10 per cent of Malaysia's exports to the US are likely to be implicated if the country loses its privileges under the GSP system. Page 7
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    • Article
      Silent majority
      18 1 TOKYO'S business establishment is silent on an economic debate of vital concern to Japan Page 8
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    • Article
      Not in favour
      31 1 US SECRETARY of State James Baker believes that the Soviet Union is unlikely to be granted most-favoured-nation trade status by the US at next week's summit Page 9
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    • Article
      Born fat
      17 1 New studies affirm the theory that some people are born to be fat Page 15
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    • Article
      Freight rates
      36 1 UNDERPINNED by the strong demand for cargo space between the Far East and Europe, Far Eastern Freight Conference (FEFQ members will seek to restore freight rates to published tariff levels. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow Jones lower
      41 1 WALL STREET stocks softened in early trading yesterday after a steady opening with mild profit-taking weighing on stocks. The Dow was down two at 2853 and a few more issues showed losses than gains. Trading was fairly slow.
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    • Article
      Footsie lower
      45 1 TUESDAY'S bad April trade figures continued to exert pressure on share prices yesterday. At noon, the Footsie 100 shares index was off its worst of the morning but still down 4.8 points on Wednesday's close at 2,282.6. Gilts showed easier at mid-session. AFP
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    • Article
      FCC deadline
      29 1 FCC's takeover of Jarden Morgan's Australian stockbroking and real estate interests, which includes stockbroking firm Paul Morgan, is expected to be finalised in two weeks Page 3
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    • Article
      Stags will be glad
      25 1 HORIGUCHI Engineering, which starts trading on Sesdaq today, will not disappoint stags if yesterday's grey price was any indication Page 3
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    • Article
      Swiss style
      38 1 LOOK OUT Swiss banks, Sri Lanka wants to start competing. A pro-government newspaper has said the government will begin allowing the country's 25 banks to operate numbered banking accounts, styled on the Swiss system. Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 802.54 -0.64 Kuala Lumpur ....586.73 +3.10 Hongkong 3,048.01 +19.70 Tokyo 32,311.75 +135.24 Sydney 1,470.3 -2.2 Wednesday Change New York 2,856.26 +4.03 London 2,287.4 -23.9
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    • Article
      CURRENCIES
      21 1 Exchange rates USS SSI.8475 Yen (100) SSl.2187 MS SS0.6840 Money market rates Overnight 7 +6 1/2 3-month 7 5/8 +1/16
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    • Article
      COMMODITIES
      24 1 London Gold PM fix US$366.50 +2.00 Rubber S'poreJune. 158.75'/kg unch M'sia June 230.00«/kg -0.50 KL Tin Turnover 54 tonnes +4 Spot M$l7.00/kg -0.16
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  • Article
    S'pore Petroleum — DBS hints at flotation this year
    274 1  - S'pore Petroleum DBS hints at flotation this year By Teh Hooi Ling A STATEMENT by DBS Bank yesterday has given a strong hint that Singapore Petroleum Company (SPC) will be floated before the end of the year. DBS Bank said it has acquired 31.3 per cent of SPC from Amoco
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  • Article
    Local bankers fear greater competition from abroad
    428 1  -  By Hong Lee Tiam and Quak Hiang Whai SEVERAL EXECUTIVES of local banks shuddered at the thought of the government subjecting them to greater foreign competition, but foreign bankers rejoiced at this possibility. In Paris on Wednesday, Prime Minister Lee Kuan Yew said
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  • Article
    Lock icon US economy grows by 1.3pc
    178 1 AP THE US economy grew a meagre 1.3 per cent during the year's first quarter, slower than originally thought and only marginally faster than during the final three months of 1989, the government reported yesterday. The Commerce Department estimated last month that the gross national
    AP  -  178 words
  • Article
    Lock icon IGB in M$400m hotel venture with New World
    389 1 Agencies IGB CORPORATION Bhd is teaming up with Hongkong's New World Development Co Ltd to build two hotels costing a total of Ms4oo million in Kuala Lumpur. The property group is also looking for foreign partners to build three commercial tower blocks
    Agencies  -  389 words
  • Article, Illustration
    Lock icon A pity if Europe let joint leadership opportunity pass: PM Lee
    509 1  -  From Margaret Thomas in PARIS DO NOT LET this great opportunity pass, Prime Minister Lee yesterday told an audience of what he described as "some of the most formidable and fertile minds of France, if not of Europe". Addressing
    Photo by Robert Chia  -  509 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      164 1 H Wedding Package fal $220.00 nell per table KH I FREE FLOW of stout, beer, soft drinks A etc. (Min. 10 tables) Hong Kong Dian Xin jsj. No I Yuan China Road (above Juron# Bowl) I Singapore THE DEMOCRACY FACTOR 10 DEPRESSION OR REFORM 11 FOR THE PEOPLE, BY THE
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      Page 1 Advertisements Column 2
      121 1 GLASGOW a lesson for Jobs Singapore a city to which Jennie Chua. the first local /cultural regeneration has manager of the world-famous drawn many visitors and Raffles Hotel explains why much business, boosting the she is the best person for the people's confidence while job. generating much wealth. •Starting tomorrow,
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      Page 1 Advertisements Column 3
      40 1 I HFlfiMs) I Quadruple Zoom+Auto Two-Color. More stories, Pg 26 aS* \mjmZ.y < jurliyfaJtr^KpUr WS^^mi it 'Tftvffwllirli khl AT A. TESTONI BOUTIQUES #01-15/16 Hilton Hotel Shopping Gallery Tel: *****55 #03-28/29 Mandarin Hotel Shopping Arcade Tel: *****38 Hallev's Dept. Store Tel: *****63
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Another page in local history
        100 2 A SPECIAL commemorative book, Singapore: Island. City. State has been published to mark the 25th Anniversary Celebration of Singapore's independence. The book, which cost $1.2 million to complete, was penned by six writers prominent community and political leaders and journalists. Fourteen top photographers were also
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      • Article
        Karthigesu appointed
        88 2 LAWYER M Karthigesu has been appointed a Judicial Commissioner of the Supreme Court for one year from June 5, said the Prime Minister's Office yesterday. Mr Karthigesu, 66, a partner of Tan, Rajah Cheah and president of the Law Society of Singapore in 1979, 1980 and 1982, is
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      • Article
        Indons are favourites
        80 2 THE Indonesian dragon boat team has emerged as one of the favourites for the World Invitation Dragon Race to be held this weekend at the Marina Bay. According to the Singapore Tourist Promotion Board, the Indonesians are highly tipped to win after they won the MAS Challenge
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      • Article
        At the helm
        71 2 THE Motor Traders Association of Singapore has elected its committee for the year 1990/91. The nine-man committee comprises Mr Philip Eng (president); Mr Eric Lim (vicc-presi-dent); Mr David Tay (secretary); Mr Teo Hock Seng (assistant secretary); Mr Ng Chin Koon (treasurer); Mr Benjamin Chua (assistant treasurer); Mr
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      • Article
        On the board
        65 2 THREE of the Singapore Medical Council's six elected members have been re-elected. They are Professor Navaratnam Balachandran, Professor Feng Pao Hsii and Dr Wong Poi Kwong. Two other medical practitioners, Dr Chan Heng Thye and Dr Khoo Chong Yew, have also been elected to the council. The
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    • Article, Illustration
      Automation equipment vendors fare well: survey
      243 2  -  By Walton Morais SINGAPORE'S automation drive is resulting in big business for vendors of automation equipment. Local sales grew by 58.6 per cent between 1986 and 1988 to hit $172 million, the second national automation survey showed. And more is in store. The survey,
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    • Article
      Construction industry board reappoints eight members
      190 2 EIGHT of the Construction Industry Development Board's 12 members have been reappointed for another two years. They include Professor Cham Tao Soon and Dr Tan Swan Beng, the CIDB's chairman and deputy chairman respectively. Professor Cham is the president of the Nanyang Technological Institute
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    • Article
      HDB gives three contracts worth over $70m
      207 2 THE Housing and Development Board awarded three building contracts worth a total of more than $70 million last month. Hock Chuan Ann Construction Pte Ltd was the successful tenderer for the largest of the three contracts. This was for the building of seven
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    • Article, Illustration
      BG Lee launches smoke-free week
      249 2 THE GOVERNMENT will watch closely anti-smoking trends worldwide, and move in to restrict the habit as quickly as the most advanced practice elsewhere, said Brig-adier-General (Res) Lee Hsien Loong yesterday. Speaking at the launch of Smoke-free Week at the Singapore Conference Hall, the Trade Industry
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      165 2 CHARTPOINT Every Saturday in Business Times An inspiring lifestyle begins with d-SCAN Beautiful teakwood furniture from d-SCAN. A name synonymous works of art. To view d-SCAN teakwood household and office with quality and well-designed Scandinavian style furniture. furniture, come to our d-SCAN showroom or visit any of our Renowned for
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      FCC confident of getting approval for Jarden Morgan deal
      391 3  -  By Abdul Hadhi FIRST CAPITAL CORP (FCC) is fairly confident of getting clearance for its proposed takeover of the Australian stockbroking and real-estate interests of Jarden Morgan Ltd, which includes a 49 per cent stake in local stockbroking firm Paul Morgan
      391 words
    • Article
      Horiguchi looks set to please the stags
      207 3 HORIGUCHI Engineering, which starts trading on Sesdaq today, will not disappoint stags if yesterday's grey price was any indication. At the close of trading yesterday, dealers said the stock was trading at around 97 to 99 cents on the grey market, up from
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    • Article
      Johan to sell land to Lien Hoe
      112 3 JOHAN HOLDINGS Bhd has entered into a conditional sale and purchase agreement, through its subsidiary William Jacks Company (M) Sdn Bhd, to sell a property in Petaling Jaya, Selangor, to Lien Hoe Corporation Bhd for MsB million. Lien Hoe is proposing to issue
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    • Article
      Lock icon STM plans early listing after doubling profit
      451 3 Bernama SYARIKAT TELEKOM Malaysia Bhd (STM), which announced a doubling of its pre-tax profit for last year to M 5365.5 million, is bringing forward the listing of its shares on the Kuala Lumpur Stock Exchange (KLSE) to this year. STM executive chairman Tan
      Bernama  -  451 words
    • Article
      Third time lucky for First Capital?
      520 3  -  THE HOCK LOCK SIEW COLUMN By Conrad Raj AFTER A seemingly slow start, First Capital Corporation's new owners now appear to be pressing hard on the accelerator by announcing some substantial investments, including the proposed purchase of the Australian operations of New Zealand-based stockbroker
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    • Article, Illustration
      Lock icon London Pacific preparing for listing on KLSE main board
      330 3 Bernama LONDON PACIFIC Insurance Company Bhd may appoint a merchant banker in the final quarter of this year to advise it on seeking a listing on the main board of the Kuala Lumpur Stock Exchange, chairman Tan Sri Teh Hong Piow
      Bernama  -  330 words
    • Article
      Lock icon Foreign brokers seeking M'sian partners
      271 3 MBT ATTRACTED by the high stock turnover and the deregulating market, foreign brokers are aggressively seeking stockbroking partnerships in Malaysia. Thus, Malaysian stockbroking firms are naming their price for the maximum 30 per cent stake that they can sell, according to the April issue of
      MBT  -  271 words
    • COMPANY BRIEFS
      • Article
        Hotel Properties takes control of new company
        56 3 HOTEL PROPERTIES LTD said yesterday that it has acquired 100 per cent equity in the capital of HPL Tourism Leisure Pte Ltd, a newly incorporated company in Singapore, making the firm a wholly-owned subsidiary. The authorised capital of the company is $100,000 and
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      • Article
        Changes in LTAT holdings
        110 3 LEMBAGA TABLING Angkatan Tentera (LTAT) has announced several recent changes in its shareholdings of several pubicly listed companies. It said it acquired 276,000 additional shares of Boustead Holdings Bhd between May 7 and May 16, increasing its stake in that company to 58.65 million shares. It
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      • Article
        Approval for Innovest plan
        54 3 INNOVEST BHD said the Malaysian Foreign Investment Committee has approved the proposed purchase of 27.69 million shares in Chocolate Products (M) Bhd by Top-Text Sdn Bhd, a subsidiary of Innovest's subsidiary, Inno-Pacific Holdings Ltd. The proposed acquisition is still subject to the approval of the Malaysian
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      • Article
        UMW sets payment date
        44 3 UMW HOLDINGS BHD has announced that the fifth interest pavment for the period Jan 1, 1990, to June 30, 1990, on its M 533.22 million 10 per cent convertible unsecured loan stock 1988/92 (CULS) is payable on June 30, 1990.
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      • Article
        Tongkah buys Georgetown land
        79 3 TONGKAH HOLDINGS BHD said its wholly-owned subsidiary, Tongkah Plantations (M) Sdn Bhd, has purchased a piece of land in Georgetown, Penang, for M 51.75 million cash. It added that Tongkah Plantations would develop the 88,431 sq ft of land into a block of 14-storey apartments. The
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      • Article
        Green light for Metroplex issue
        78 3 METROPLEX BHD's proposed two-for-five bonus issue of 210.133 million new ordinary shares of 50 sen each has been approved by the Malaysian Capital Issues Committee (CIQ. Bumiputra Merchant Bankers Berhad said on behalf of Metroplex yesterday that the CIC had also given its approval for
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      • Article
        Bid to put Eu under receivership
        88 3 BANK NEGARA is to apply to the Malaysian High Court next week to place under receivership Eu Finance Bhd, one of four ailing finance companies under its supervision, to facilitate its takeover by a stronger financial institution. A Bank Negara spokesman said the move,
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      423 3 I Km 9 B "m ffiLi 1/^'jfHF**^ reservoir scenery and close proximity to Yio Chu Kang MRT Station. j > U' r/ C I L Bullion Park luxurious condominium Phase found in the vicinity. C; mitten [7 nnll it n«ifn lis specially designed for the lifestyle of the Bullion Park
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Inchcape to sell cars in Japan
        96 4 DODWELL Japan, a unit of Hongkong's Inchcape Pacific Ltd, has signed a dealership agreement with Mercedes-Benz Japan. An Inchcape Pacific statement said it would build a sales and service centre in Tokyo at an initial cost of five billion yen. Inchcape Pacific is a
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      • Article
        Thai fund begins initial offering
        69 4 THE Thai Capital Fund Inc has started an initial public offering of its common stock priced at US$l2 per share on May 22. The offering was co-managed by Merrill Lynch Inc's Capital Markets unit and Daiwa Securities' American unit. The Thai Fund is managed by
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      • Article
        Toshiba's net profit hits record
        79 4 TOSHIBA Corp said its consolidated net profit rose 10 per cent to a record 131.836 billion yen (US$B34 million) in the year to March. The group's sales amounted to 4.251 trillion yen (U5526.911 billion), also a record, up 12 per cent from a year earlier.
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      • Article
        Casio earnings rise 13pc
        90 4 CASIO Computer Co Ltd said its net consolidated profit rose 13 per cent to 7.511 billion yen (U5547.5 million) in the year to March 31. The group's sales in the year increased 12.6 per cent to 304.826 billion yen (US$l.9 billion). Sales of electronic calculators accounted
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    • Article
      Lock icon Goodman's new chief aims to rebuild image
      500 4 Reuter MICHAEL NUGENT, soon to take over as managing director of Goodman Fielder Wattie Ltd, has promised to reverse market sentiment about the food group. But analysts believe Mr Nugent, outgoing chief of Elders IXL Ltd's agribusiness division, has a tough job ahead
      Reuter  -  500 words
    • Article
      Lock icon Insurance chief urges corporate cleanup
      308 4 Reuter THE CHAIRMAN of Australia's biggest life insurance group said the nation's business reputation had been damaged by corporate highfliers and that company directors who did not act in shareholders' best interests should be jailed. "Australian business has come into some disrepute internationally because of
      Reuter  -  308 words
    • Article
      Lock icon JAL orders aircraft worth US8.5b
      169 4 AFP JAPAN Airlines Co, Ltd (JAL) has placed firm orders with Boeing Co for '20 747-400 aircraft and taken options for another 34 in a deal worth about US$B.5 billion. JAL officials said the 20 aircraft include five ordered earlier this year but not announced
      AFP  -  169 words
    • Article, Illustration
      Lock icon FAI share price badly hit by negative publicity
      417 4 Reuter FAI INSURANCES Ltd, once a favourite of bull market investors, is having difficulty riding out a wave of negative publicity which has pounded its share price to a four-and-a-half year low this week. FAI is also listed on the Stock Exchange
      Reuter  -  417 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      235 4 A SENIOR MANAGEMENT DATE S Leadership Influence July 30-31 790 Decision making September 24 -25 790 H H Time Management for Senior Managers July 09-10 725 H November 26 27 725 Assessing and Developing Management Potential August 06-08 790 Performance Management December 03-05 790 Customer Service Skills for Senior Managers
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      Page 4 Advertisements Column 2
      63 4 FOR SAKE City Arcade Hay Street Mali J Perth, Western Australia I Price: $43.5 Million Regarded as Perth's premier city retail complex, City Arcade incorporates 84 specialty shops on 4 levels, a cinema and 14 level office tower. Take advantage of the tremendous growth predicted for Perth by acquiring one
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Canadian group to match British Gas bid
      285 5 Reuter PRONATIONAL Gas Inc, a Canadian investment group, is matching a Cs34 a share offer for Consumers Gas Co Ltd made by British Gas pic. The Canadian group, led by former Consumers chief financial officer F Warren Hurst, said it is opposed to
      Reuter  -  285 words
    • Article
      Lock icon De Beers against split trading in units' stocks
      168 5 Reuter DE BEERS Consolidated Mines Ltd has told the Johannesburg Stock Exchange (JSE) it objects to a scheme by some investment firms to allow separate share trading in its local and foreign arms. "We don't approve of it," De Beers spokesman Neville
      Reuter  -  168 words
    • Article, Illustration
      Lock icon BAT still optimistic in spite of profit setback
      589 5 Reuter BAT INDUSTRIES pic is confident of solid progress through the rest of this year after a setback in first-quarter profits due to losses at its UK Eagle Star insurance subsidiary. Speaking in London on Wednesday, chairman Patrick Sheehy said there were
      Reuter  -  589 words
    • COMPANY BRIEFS
      • Article
        Taiwanese giant buys US cookie company
        82 5 WYNDHAM FOOD INC, America's third largest cookie company, has been sold to a huge Taiwanese company for US$335 million. Lan Wilson, a San Francisco financier and Wyndham's CEO, said about half the price would be paid in cash and the remainder would represent assumption
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      • Article
        MEPC cautiously optimistic
        85 5 BRITISH PROPERTY COMPANY MEPC pic says its investment portfolio is performing well but some values could be under pressure if adverse sentiment in the property sector continues. "Nevertheless we expect to achieve a satisfactory increase in our earnings for the year," said chairman Christopher Benson in a
        85 words
      • Article
        Lloyds to acquire chain
        60 5 LLOYDS CHEMISTS pic has agreed to acquire chemist chain Cross Herbert for £23.2 million. The chemist and drugstore retailer said £13.4 million of the consideration would be financed through an issue of 8.37 million new ordinary Lloyds Chemists shares in an open offer to shareholders at
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      • Article
        Joint study by Pemex, Mitsui
        86 5 MEXICO'S state petroleum company, Pemex, and the Japanese firm Mitsui has signed an agreement to conduct a joint feasibility study on the construction of a petrochemical plant in Mexico. The study, to be completed by October, would review the financing, engineering and construction of the
        86 words
      • Article
        Nova close to completing sale
        66 5 NOVA CORP of Alberta is close to completing the sale of one of its major subsidiaries for more than Csloo million. Nova Corp chief executive Bob Blair said the company expected to complete a sales agreement involving either its Novalta Resources Ltd natural gas unit
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      • Article
        BA chief sees good prospects
        81 5 BRITISH AIRWAYS pic's chief executive sees good revenue growth prospects for the airline company for the remainder of its fiscal year ending March 31, 1991. "We see our revenue growth prospects as remaining very good for this financial year," British Airways chief executive Sir Colin
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      144 5 < -ri i BRAKING WITH TRADITION. i The XFS Coupe has the potency to a blur Equally impressive is an advanced anti-lock braking system no other in the wotid. Developed i —r engineering perfectionists, If even has anti-yaw oootral I P C- 'v VSP.*-.;. a' ft 'C• Together with an
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Hwang, van Hilten quit as DBS Bank directors
        54 6 DBS BANK has announced that Mr Hwang Peng Yuan and Mr Dirk van Hilten have resigned as directors of the bank. Mr Hwang is deputy chairman of Temasek Holdings while Mr van Hilten is chairman and chief executive of the Shell group
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      • Article
        ADB's US$300m notes offer
        57 6 THE Asian Development Bank (ADB) yesterday announced a US$3OO million public offering in the United States, with Shearson Lehman Hutton leading the underwriting syndicate. The 10-year notes, floated effective May 17, were priced at 99.15 per cent with a coupon rate of 9.125 per cent a
        57 words
      • Article
        New credit for India
        51 6 THE World Bank has granted India nearly US$97 million worth of new credit towards a project to upgrade welfare services in five states. The project aims to expand and improve the quality of family welfare services in rural areas of Bihar, Gujarat, Haryana, Jammu-Kashmir and the
        51 words
      • Article
        Rouble convertibility deadline
        53 6 FULL rouble convertibility will be achieved by the year 2000, First Deputy Premier Yuri Maslyukov told a news conference in Moscow on Wednesday. "Partial convertibility will emerge in 1993," notably for foreign firms which reinvest profits in the Soviet Union, the official, who heads Gosplan, the state
        53 words
      • Article
        Bush's son denies wrongdoing
        40 6 PRESIDENT George Bush's son Neil denied any wrongdoing in the mounting US savings and loan crisis on Wednesday, which the administration said could cost American taxpayers up to US$l3O billion almost double the original price tag.
        40 words
      • Article
        NZ's debt reaches N$47.6b
        41 6 NEW Zealand's foreign debt at the end of 1989 stood at NZ547.6 billion (U5527.2 billion), the Statistics Department reported on Tuesday. It represented an increase of NZ$ 1.4 billion (US$O.B billion) between September and December last year.
        41 words
    • Article, Illustration
      Lock icon CBOT, CME to pool resources for new system
      385 6 NYT THE Chicago Board of Trade and the Chicago Mercantile Exchange, setting aside their traditional rivalry, have agreed after a year of negotiations to combine their efforts to develop an international after-hours electronic trading system. The move was hailed by the futures
      NYT  -  385 words
    • Article
      Lock icon Lanka banks plan to operate in Swiss style
      242 6 AP LOOK OUT Swiss banks, Sri Lanka wants to start competing. A pro-government Sri Lankan newspaper said on Wednesday that the government would begin allowing the country's 25 banks to operate numbered banking accounts, styled on the Swiss system. Bank officials said
      AP  -  242 words
    • Article
      Lock icon Thailand pledges baht convertibility
      203 6 AP THAILAND has become the 68th country to pledge to abandon exchange controls and ensure convertibility of its currency, says the International Monetary Fund. The Washington-based Fund said in an announcement on Tuesday that it was notified by the Thai government that the Bangkok authorities had
      AP  -  203 words
    • Article
      Lock icon E German poor will be hit most, says report
      114 6 Reuter GERMAN monetary union on July 1, which scraps East Germany's generous price subsidies, will hit lower income earners the hardest, a DIW report said. The West Berlin DIW in-' stitute, one of West Germany's five leading economic research institutes, said
      Reuter  -  114 words
    • Article
      Lock icon Bank Negara to discuss BLR hike
      166 6 Bernama BANK Negara is likely to begin talks with commercial banks "in one or two weeks' time" regarding their request for an upward revision of the base lending rate (BLR). A Bank Negara spokesman said yesterday that the Association of Banks in Malaysia (ABM)
      Bernama  -  166 words
    • Article, Illustration
      Lock icon US bailout cases may be twice the number projected
      389 6 NYT THE BUSH Administration told Congress on Wednesday that more than 1,000 savings and loan associations representing 40 per cent of the industry might eventually have to be seized by the government, twice the number it had initially projected. Blaming rising
      NYT  -  389 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      133 6 |B m s HK rj B *|bJ» A jL jlßlte. H You experience our personal touch at Liang Court Regency. The experience begins with a special welcome bouquet. And during your stay, you'll notice the many little things that get done quietly and efficiently. Come stay with us and experience
      133 words
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      Page 6 Advertisements Column 2
      209 6 Global Strategies I Supplement 1990 I 'Global Strategies: World Class Partnerships' is the theme of Business Times' second Global Strategies Supplement. To be published on June 4, 1990, it will coincide with the Global Strategies Conference a meeting for over 1,000 senior executives from multi-national corporations and local companies to
      209 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      30 6 Kf 'Mi HP jr..-" i «uuH<( IB "And if what they say about the greenhouse effect is true, you should have year-round use of the pool by the year 2050."
      30 words
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  • THE REGION
    • NOTE BOOK
      • Article
        IT in Malaysia set to grow by 25-35pc
        85 7 THE information technology (IT) industry in Malaysia will grow by between 25 per cent and 35 per cent a year over the next few years. The chairman of the Computer Industry Association of Malaysia (Pikom), Mr Larry Gan, told a symposium being
        85 words
      • Article
        NPA wing in downtown march
        88 7 ABOUT 50 members of the Alex Boncayao Brigade, the Manila wing of the New People's Army, marched for about 15 minutes in the city's Santa Cruz district to mark the brigade's sixth anniversary. Marchers, chanting "Long Live the ABB", carried banners proclaiming "insurrection" and "armed
        88 words
      • Article
        Manila appeals to Islamic body
        63 7 A TOP-LEVEL Philippine mission will leave for Egypt today to persuade Islamic nations meeting there next month to stop backing Muslim separatists in the southern Philippines. The Foreign Department said the mission, to be led by Muslim Senator Mamintal Tamano, will lobby foreign ministers of
        63 words
      • Article
        Outlook for Myanmar gloomy
        66 7 AN EXCESSIVELY centralised economy and political uncertainty likely to prevail after Sunday's general election will continue to hamper Rangoon's efforts to achieve economic reform, analysts in Rangoon say. "Myanmar's efforts at economic reform show positive signs in the short term, but remain uncertain in the long
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    • Article, Illustration
      Lock icon Farewell with a tinge of irony
      60 7 An ironic 'Farewell to Hongkong* frames an honour guard during beating-retreat ceremonies at HMS Tamar on Wednesday. The Ist Battalion of the Duke of Edinburgh's Royal Regiment will return to the United Kingdom in mid-July and will be replaced by the Ist Battalion of
      Source: AFP Photo  -  60 words
    • Article
      Lock icon Asean meets to discuss industrial ventures
      240 7 AFP SENIOR officials of the Association of South-east Asian Nations began a three-day meeting in Kuala Lumpur on Wednesday to discuss new industrial joint-venture projects, Bernama news agency said. Bernama quoted a Malaysian official as saying that three new Asean Industrial Joint Venture (ALIV)
      AFP  -  240 words
    • Article
      GSP withdrawal would hit 10pc of M'sian exports
      402 7 AT LEAST 10 per cent of Malaysia's exports to the US are likely to be implicated if the country loses its duty-free privileges under the US Generalised System of Preferences (GSP). About 123,000 workers, the total workforce in the electronics industry, will
      402 words
    • Article
      Lock icon World Bank urges Jakarta to open resources to the poor
      251 7 AFP INDONESIA should open up its resources and services to the poor, especially to the 30 million Indonesians still living in absolute poverty, the World Bank has said. The poor and underemployed should be given better access to land resources,
      AFP  -  251 words
    • Article
      Thailand's economy will lead the pack in Asia: survey
      278 7 THAILAND is forecast to have the fastest-growing economy and the fastest-ris-ing stock market index in Asia over the next year, according to the Asiamoney Indicator, a wide-ranging survey of the region's leading securities analysts and economists. The indicator, which is designed
      278 words
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      143 7 WE WISH THEM ALL A PLEASANT FLIGHT, SWEET DREAMS AND A FULFILLING STAY IN EUROPE. m m ft Tonight's the night when a gleaming 767 into a full night's restful sleep on our On every Monday and Friday, aboard people who travel on business, we'll be there to J will
      143 words
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  • THE WORLD 1
    • Article
      Lock icon Constitutional row mars Canada's business image
      291 8 Reuter CANADA, long a safe haven for foreign funds, is increasingly viewed by overseas analysts as an investment risk because of a constitutional crisis that shattering market confidence and threatening new business projects. Politicians and big business alike have made urgent pleas for compromise
      Reuter  -  291 words
    • Article
      Lock icon Pepsico out to make waves in India
      148 8 AFP US SOFT DRINK maker Pepsico Inc has entered India's soda pop market after a stiff five-year battle with an edge on taste and a vow to introduce the Indian product to the world. Selling under the ancient Hindu name "Lehar" or "Wave",
      AFP  -  148 words
    • Article
      Lock icon Japanese business turns silent
      170 8 NYT FOR THE FIRST TIME in memory, Tokyo's business establishment is mum on an economic debate of vital concern to Japan. Two weeks ago, while government officials were worrying about how to meet American demands to cut the trade surplus, the International Monetary Fund (IMF) declared
      NYT  -  170 words
    • Article, Illustration
      Shall we drink to perestroika?
      39 8 Gorby-mania has arrived in Minneapolis well ahead of Soviet President Mikhail Gorbachev's scheduled visit to the American city on June 3. This downtown billboard shows the Soviet leader holding a bottle of Minnesota-made vodka.
      39 words
    • Article
      Lock icon Gorbachev sees peaceful ties with US
      271 8 AFP THE SOVIET UNION and the US "will live in peace and concord", Soviet President Mikhail Gorbachev says in the preface of a recently published book he wrote on superpower relations. Excerpts from the preface of Perestroika and SovietAmerican Relations were released by the
      AFP  -  271 words
    • Article
      Lock icon No MFN status likely for Moscow
      401 9 Reuter US SECRETARY of State James Baker believes that the Soviet Union is unlikely to be granted most-favoured-nation trade status by the US at next week's summit because it has not moved to liberalise emigration laws. Mr Baker told a White House news conference
      Reuter  -  401 words
    • Article
      Lock icon Beijing bucks trend of change in Asia: survey
      323 9 AFP BEIJING'S decision to turn the army on its own people to crush protests for more freedom last June stood in sharp contrast to changes which occurred in some other Asian communist countries in the past year, the International Institute of Strategic
      AFP  -  323 words
    • Article
      Lock icon US export group aimed at new democracies
      152 9 Reuter US PRESIDENT George Bush has announced the setting up of a new government task force to promote US exports to the newly emerging democracies of Eastern Europe and elsewhere. He said on Wednesday that the US would also walk away from a
      Reuter  -  152 words
    • Article
      Lock icon Mandela gives assurance to investors
      154 9 Reuter SOUTH AFRICAN black nationalist leader Nelson Mandela, apparently seeking to reassure nervous investors, has said that the African National Congress (ANC) has no blueprint for nationalisation in a post-apartheid society. He told South African business leaders on Wednesday that the ANC recognised the critical
      Reuter  -  154 words
    • Article, Illustration
      Landerneau traffic all choked up
      40 9 The term traffic jam took on a new dimension in Landerneau, France, on Wednesday. This motorist had to struggle to free his car surrounded by artichokes dumped by farmers protesting against the government's agricultural policy.
      40 words
    • Article
      Lock icon Bush losing public support over economy: poll
      212 9 AFP US PRESIDENT George Bush is losing the American public's support over his handling of the economy, according to the results of a recent opinion poll. In two months, Mr Bush's approval rating for his economic performance slipped by 13 percentage points to
      AFP  -  212 words
    • WORLD WATCH
      • Article
        Call to repatriate Fiji Indians
        84 9 THE HEAD of Fiji's Nationalist Party yesterday called for the repatriation of all ethnic Indians as New Delhi's embassy shut down operations in compliance with an expulsion order from the Fijian government. Sakeasi Butadroka, a former minister in the old government of interim prime minister
        84 words
      • Article
        Toyota in Czech tie-up talks
        91 9 TOYOTA MOTOR CORP yesterday said that it is negotiating with the Czechoslovakian government to set up a jointventure car manufacturing plant in that country. Toyota officials in Tokyo said the company sent a study mission there earlier this month at the request of the Prague
        91 words
      • Article
        EC raps Seoul over lax laws
        88 9 EUROPEAN BUSINESSES are cautious about investing in South Korea because of a lack of adequate protection for intellectual property rights, the head of a European Commission delegation said in Seoul on Wednesday. Mr Gilles Anouil said Europe enjoyed some benefits from progress that South
        88 words
      • Article
        Moscow signs oil pact with Elf
        91 9 IN A MOVE that seemed to reflect Moscow's concern about falling energy exports, the Soviet Union signed on Wednesday that its first oil exploration and production agreement with a Western company, the state-owned Elf Aquitaine of France. The agreement was concluded in Moscow and
        91 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1551 8 p° directors are confident that some of these negotiations could Highlights Results be concluded w*hr, next Snanoal year. Profit attributable to shareholders after taxation The Board of Directors of Swilynn International is pleased to announce the unaudited consolidated profit of the Company up 152% to $46.15mi11i0n. and its subsidiaries (the
      1,551 words
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      342 9 A HISTORIC MASTERPIECE WAS CREATED 140 Years Ago With These Tools. It takes exceptional persons to restore the 140-year bustling commercial zone it's in. old ex-convent complex of the CHIJ in Singapore. A\7p YQIJ QQT This choice location of the old CHIJ site also coQuite simply because the old CHIJ
      342 words
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  • Article
    Value-adding temperatures
    504 10 EDITORIAL DOUBLE-DIGIT economic growth in the past would have brought smiles of satisfaction to the faces of government leaders and businessmen. It was a target which the nation would have spared no effort to achieve. But as the Singapore economy matures, any growth higher than the planned long-term
    504 words
  • WHAT THE OTHERS SAY
    • Article
      A centre for learning
      217 10 A THIRD UNIVERSITY is not in prospect, at least for the immediate future. The government's plan is to build up Nanyang Technological University and National University of Singapore, both of which will take care of Singapore's projected needs for university graduates for the next five to
      217 words
    • Article
      Watch health cost
      142 10 THE GOVERNMENT raised ward charges in four restructured hospitals this week. In spite of the small increases, it is logical to expect medical costs to continue rising over the years. Hence the need for some restraint so that the impact will be less- ened. To this end,
      142 words
    • Article
      Change of climate needed
      139 10 SINCE BECOMING the president of South Korea two years ago, Roh Tae Woo had to cancel his planned visit to Japan on two occasions. If he still cannot make it this time round, Japan-Korea ties would truly have reached an impasse. Although there are trade and
      139 words
  • REGIONAL VIEWPOINTS
    • Article
      Reunification changes
      135 10 WITH THE SIGNING of the economic and monetary union between West and East Germany last week in Bonn, today's commemoration of the 41st anniversary of the Promulgation of the Basic Law of the Federal Republic of Germany has unexpectedly assumed a new significance. In keeping an eye on
      135 words
    • Article
      Immigration woes
      117 10 THE ABSENCE of red tape and regulations used to be one of the features that made Hongkong attractive to investors. There is usually an exception to any rule, and the Immigration Department is certainly that. The latest cause for complaint over its bureaucratic procedures has arisen over its
      117 words
    • Article
      Highlands in low spirits
      172 10 TO ATTRACT TOURISTS to the region, India used to portray Kashmir as a "paradise on Earth". That portrayal can probably still be found in tourism brochures, but it is unlikely many tourists are falling for the sell now. If anything, people are fleeing the region to
      172 words
  • Article, Illustration
    War and peace: the democracy factor
    1059 10  -  Does democracy restrain war? Foreign Editor Asad Latif addresses both the moral and political standpoints Asad Latif AMONG the claims being made for liberal democracy today is that it prevents wars. Thus, the argument runs, the chances of renewed German and Japanese militarism are
    1,059 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      124 10 bg^^HLlHn IK|^A**? v Scalpel...scissors.„sutures._ Business Times Whether you're a surgeon. lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on Essential information accessible every business day your money. through Business Times. In the same way a surgeon needs
      124 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      41 10 POONESBURY "HI Attn, TH CHBCKJN6 ANPY? WD YOU HEAR ME T J .L— I THZCMNdEFO&I AtVi, IVMYOUSICPCUTTING < f £=s|l===S=== m 60! TVS OFF. OKAY? OUT ON MEf TFS SCAM... ANDYf II 1,1 NOTHING TO 111 f VOUUHT J* WORM ABOUT > j
      41 words
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  • ANALYSIS
    • Article
      Lock icon Taking on all odds but not faring very well
      660 11  -  The Pakistani government is facing major obstacles in its drive for economic growth, writes Drew Torchia from Islamabad Drew Torchia Reuter PAKISTAN faces major obstacles in its drive to revitalise the economy through private industrial gro>vth and foreign investment, economists and
      Reuter  -  660 words
    • Article, Illustration
      Lock icon Repression in the name of reform?
      1101 11  -  If perestroika is to have a chance in the Soviet Union, the Baltics must win, says William Odom William Odom US News World Report SOVIET foreign policy is confusing the West about Mikhail Gorbachev's real choices. It aims to convince us that Lithuania and
      US News; World Report  -  1,101 words
    • Article, Illustration
      Lock icon The future looks bright, deep and blue
      599 11  -  Vietnam's fishing industry is alive and fresh, reports Vithoon Amorn Vithoon Amorn Reuter VIETNAM'S reviving fishing industry, crippled by the exodus of refugee boats in the late-*****, is now grappling with a shortage of investment capital and an inconsistent policy on foreign joint
      Reuter  -  599 words
  • Page 11 Advertisements
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      65 11 Sf^idbu 01 Fn* Hjnd-knjtted Carpets GRAND AUCTION Sunday May 27 1990 I| Grand Ballroom to O Hilton International O Q 100 Tribal And Fine Oriental SI Auction Sale: 1.30pm spm All lots are guaranteed and backed by gfofl a full trade in value at our showroom. kEc Auctioneers Cheong Koon
      65 words
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  • FOCUS
    • Article, Illustration
      Lock icon For the people, by the people
      1615 12 In California, Japanese car workers are basking in the sun and selling more cars as a result. In Detroit, tne Big Three are learning to eat humble pie and are the better for it NYT THE rising influence of Japanese car-makers is turning southern
      NYT  -  1,615 words
    • Article, Illustration
      Lock icon Top US car-makers launch credibility drive
      678 12 Reuter THE once-mighty US car industry is waging a campaign to restore its reputation, heavily battered by competition from abroad. In recent weeks, General Motors Corp (GM) and Chrysler Corp, the nation's number one and number three car-makers respectively, have fired aggressive publicity salvos
      Reuter  -  678 words
  • Page 12 Advertisements
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      207 12 HI GUI Q[cH ACCOUNTS RECEIVABLE FINANCING Look at all the benefits you will CCS's wide range of services also enjoy from CCS Accounts Includes the following facilities: Receivable Financing and see r Leasing Scheme which allows you Why you Should opt for It. ,mmed.ate use of goods purchased, eg Accounts
      207 words
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  • SPORTS
    • Article
      Lock icon Witchcraft takes centre stage in African soccer
      572 13 AP TWO YEARS AGO, Abu Bakar Sharif Omar offered England a prescription for victory in this year's World Cup: witchcraft. England apparently rejected the offer, because Omar hasn't heard from the team. But Omar is adamant that his magic could help the English
      AP  -  572 words
    • Article
      Lock icon Off-field kicks for hooligans
      464 13 Reuter "WE CAME, we saw, we kicked ass." It is World Cup time again and the carriers of what Europeans call the "English disease" have a new motto for Italy splashed across Tshirts now on sale in Britain. Britain's police Football Intelligence Unit predicts English football
      Reuter  -  464 words
    • Article, Illustration
      Lock icon Bugno holding on to pink jersey
      230 13 AP LUCA GELFI outsprinted fellow-Italian Massimo Ghirotto and Australian Phil Anderson at the end to win the sixth stage of the Tour of Italy race on Wednesday. It was the first professional win for Gelfi, the fourth by an Italian cyclist in six days.
      AP  -  230 words
    • SIDE LINES
      • Article
        Who's afraid of a little speed on the track?
        114 13 WHAT SCARES a man who drives a race car on a narrow, concrete-lined oval at speeds up to 376 kph on the straightaways and more than 352 kph through the turns? Not much. A J Foyt, a four-time winner, first qualified
        114 words
      • Article
        Sorry folks, you're still out
        71 13 ATHLETES who have completed drug suspensions will no longer be eligible for most British track meets, even if they have been reinstated by the International Amateur Athletic Federation. The move means athletes such as Canadian Ben Johnson and Greg Foster and Larry Myricks of the
        71 words
      • Article
        AC Milan does it
        67 13 AC MILAN completed a unique triple soccer triumph for Italy by beating Portugal's Benfica 1-0 in Wednesday's final of the European Champions Cup. Dutch midfielder Frank Rijkaard scored the only goal of the game on 66 minutes as Milan joined Cupwinners' Cup titlist Sampdoria and UEFA
        67 words
      • Article
        Blazers black out Suns
        73 13 TERRY PORTER hit a driving jumper with 12 seconds remaining and the Portland Trail Blazers overcame a 20-point third-quarter deficit to beat the Phoenix Suns 108-107 and take a 2-0 lead in the Western Conference finals. Porter, whose 3-pointer with 28 seconds left tied Wednesday night's
        73 words
      • Article
        Players reinstated
        56 13 THE West Indies Cricket Board of Control has reinstated six players banned for touring South Africa, the WICBC announced on Wednesday. The board said it had lifted the ban on former Test captain Alvin Kallicharan, Faoud Bacchus and Colin Croft of Guyana, Dereck Parry of Nevis, Jamaican Ray
        56 words
      • Article
        Courier beats Steeb
        76 13 JIM COURIER defeated Carl-Uwe Steeb 6-3, 1-6, 6-3 and then helped in a doubles victory on Wednesday as the US beat defending champion West Germany 2-1 in the US$l.3 million ATP World Team Cup tournament. Boris Becker provided the sole victory for the defending West German team,
        76 words
      • Article
        Maleeva crashes
        37 13 BULGARIAN-BORN top seed Manuela Maleeva was given a shock on Wednesday when she was sent packing from the US$ 150,000 European Open in the second round by 20-year-old Sabine Hack of West Germany, 6-2, 6-1.
        37 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      170 13 A simple idcfli Americans call it 'Breaking The Ice'. A light-hearted remark that releases^^. A tension and makes it easy for a group of people from different parts of the A major contract. counted even different parts of the world to get down to business quickly. And itS SO eOSy
      170 words
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      181 14 WHERE TO WINE, PINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN. WHERE TO WINE. MMF Some like it hot. Spicv Szechuan dishes served at lunth and dinner dailv in ihe tool, inviting atmosphere of Szechuan Court. Reservation, 330 8310 or 338 8585 ext *****/ H. «r ni The WisriN
      181 words
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      Page 14 Advertisements Column 2
      329 14 PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Singapore favourites and international specialities at Plum's, on Fridays and Saturdays. Dinner buffet onlv. Price: $22* ■inm 11 it ii ii ii 11 ii PLUM'S **********1 l "Plus 10% Sen ice Charge and 4% Government Txx hwt
      329 words
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      Page 14 Advertisements Column 3
      164 14 XNTe/f,H«T <O nA/ BUFFET -1 16-31 Ma v mm' Lunch Dinner Only Cafe Plaza IV I *HW«C"0t01J»F(IL»IHVITIHGl Bracti Road Singapore *****H 2*Booll tfotn#"* S*S2g£&&> 7 you^ntsau«» tor Served nightly from 7.00pm $15.00 Adult $1050 Child AD prices «r» aubt«cl to 10% awvio* charg* A 4% oaaa AoonWP o'**0'** Foe oil
      164 words
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      Page 14 Advertisements Column 4
      280 14 1 I At noon, Italian gourmet cuisine takes f centrestage. Salmone 'Bella Vista' and 60 other f authentic favourites. All skilfully prepared and dressed to perfection. For lunch today, break for an Italian interlude. Italian Buffet Lunch f\ i May 1 31, Noon 2.30pm Adult: $36++, Child below 10: $18++
      280 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      628 14 AND radio Unnecessary anest mmmum--J 7.30 PM The Science Edition. 1040 Waj at th€ M#vi#4 —St i 6.M Regional News (M). BBC, 89.9 mHz in VHF Band II _____8.00 Know Our Culture National r!i!£J C (SeC Ur 6-30 Lugfcatui Quran. 7.10 am, 9.25 am, 1.30pm, 1 Quiz on Ethnic Cultures
      628 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Born to be fat
      1334 15  -  Why do some people put on weight easily while others can stuff themselves and still stay slim? It's all in the genes, a recent study claims. Gina Kolata reports Gina Kolata NYT INVESTIGATORS studying identical twins have found what experts call the most convincing evidence yet
      NYT  -  1,334 words
    • Article
      Arpino patches up with Joffrey Ballet board
      245 15 CHATMtBQX GERALD ARPINO will return as artistic director of the JofFrey Ballet, the company said in a statement on Wednesday. On May 1, Arpino resigned as director and resident choreographer of the company, withdrawing the rights to his ballets and those of the
      245 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      282 15 AND ENTERTAIN Prelude To Austria's Gastronomic Repertoire. v f V 1 jS MAY 7TO 25. li, J V LUNCH 12 NOON fl| DINNER 7PM TO 10.J0PM. PRICES are subject i 4% ces& Come May 7 to 25, Hubertus Grill gives you a rare chance to savour Austria's rich and wonderful
      282 words
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      Page 15 Advertisements Column 2
      135 15 WWWBKM.Wm* hf > 9 Q» I The Perfect Setting I ForA Seafood Feast It's the biggest catch at lunchtime. wJ?Ir And it happens everyday at I u iif dishes Prepared with the I freshest of ingredients In rp many different styles. WjV 7^. •Shredded Sea Blubber Skin Seafood Soup (Jack's
      135 words
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      Page 15 Advertisements Column 3
      140 15 9-COURSE DELICACIES S tL% 9 BONUS ITEMS W) S k 0% Q Sp®® Enjoy the following bonus Wen" items now! <D Free tea refreshment pnnnns?nnnnnnnn^] (2) I- rce-flow of stout beer B 1 ASSORTEO COLD CUTS 5 (J) Suntax 35mm camera £j 2 SHARK'S FIN W/CRAB MEAT j? 3 rolls
      140 words
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      Page 15 Advertisements Column 4
      338 15 SUNDAY M FAMILY m BRUNCH B $13+ 19 (S7* for children under 12) TEE-OFF CAFE LtfJ MARINA BAY COLF& COUNTRY CLUB KM 6 MARINA GREEN SINGAPORE 0101. FOR RESERVATIONS PLEASE CAI J. 221 2811/322 4221 I iiiM<ms| 111; RA< I I I Great Meals I lin an Intimate Setting I
      338 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Late bargain-hunting cushions losses
      4597 16  -  By William Chia THE Singapore stock market traded broadly lower in the morning but Tokyo's firmer close and late bargainhunting helped it to regain some ground at its close yesterday. The Straits Times Industrial Index of 30-Singapore blue chips fell 4.67 points to end at 1,568.28
      4,597 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4155 17 Main Board OUE 1000 +35 +3.6% )Semb Maritime 416 +28 +7.2% FAN 980 +15 +1.6% Singmarine 50* 530 +15 +2.9% FAN Wt 215 +14 +7.0% H Prop Wt 156 +11 +7.6% .ICS 540 +10 +19% City Dev 50* 370 +10 2.8% 1 Keppel Inv Wt
    4,155 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      305 18 Co»M«y Data Ymt Group Mat Net earnings Grass aitn to praflt/lMS (L) p*r sJura divMaad COOO) (cents) ROC May 23 Oec 89 J1,553(J1.493) 6 2(6.0) 3(3) Kings May 22 Oec 89 J7,099(J1,976L) 93(-) 5(45) M Resources May 22 Oec 89 MJ6.788UJ40.616l) -<-) MU Mig May 22 Oec 89
      305 words
    • Article
      CORPORATE DEVELOPMENTS
      137 18 May 23 F>it Capital Corporation has entered into an agreement to acquire New Zealand based Jarden Morgan Ltd's stockbroking and real estate interests in Australia, including tkje group's 49 per cent stake in Singapore stockbroking firm Paul Morgan and Associated 6 K Goh HoMngs' public otter of 50m
      137 words
    • Article
      PROPOSED ISSUES
      376 18 Company Rights Issue Cauuwjy kw Caprtaf reduction set**w to reduce par value of sharps (rom $100 to J060. Rfhts sue of 3? (n SO60 per share O* One kxone to, MJ4 00 per share Every tour r<hts shares would be issued with one TSR F*C8 One tor one
      376 words
    • Article
      DIVIDENDS ANNOUNCED
      1269 18 Currant Ex Books Date Total for Total lor paymoirt data dosa payaMa tha yoar last yoar BM 8* Jun 8 Jun 22 Jul 2 8* 5* Banrnb 3% Jun 25 Jul 6 Jul 18 3% 31 Bauataad 5% (I) Apr 18 May 4 Jun 7 5% 151 Bnsteadco
      1,269 words
    • Article
      PRELIMINARY RESULTS
      223 18 C»»MT Oat* Yaar Croup pra-tax Net Minings Gross mm to profit/loss (L) par shara dhridaad ('000) (ca«ts) Drafon IP May 22 Dec 89 MJ14,660 ($15,590) 14.0(16 4a) 10TE(3 6TEa) G«or|« Kent May 22 Jan 90 M$4,876($5,461L) 9 O(-) 9(3) K Mas May 21 Mar 90 MJ6461 (*****) MAA
      223 words
    • Article
      RESULTS DUE
      434 18 Singapore Stocks Last FaN Year Company r«nod Date Yea IM EPS Gran IM (toikk) iA| (cants) 4» praA tast r«» (JDOO) Mai Fma Feb 28 Nov 89 391 100 11.72S Mace Mb Fma Ma 27 Dec 89 3.4711 Leant Wenm Ma 30 Oec 89 5351(h) N Cra« Final
      434 words
    • Article
      INTERIM RESULTS
      181 18 Ceapany Date HaH-year fir**# pre-tax Interim MM t* profit/less (L) dividend COM) Wearnes May 23 Mar 90 $28.406($19.539) 7(7) Van iter Horst May 21 Mar 90 $1.83«($315) Goodwood Park May 16 Mar 90 $15.208($7.106) 306(10) H Msia May 16 Mar 90 $1.725($592l) 5(-) Sport Land May 4 Feb
      181 words
    • Article
      BONDS, LOANS & WARRANTS
      799 18 BONDS, LOANS WARRANTS Ci—»y Cwwniw parted Cwriiw If mm ataww CAC Nt Before 26/4/93 1 warrant plus S3 09 cash Cauwway Loan Caaaway Nl 2/10/19 to 20/10/94 T warrant plus $1 cart oTI want pfcs II "ommal amount ot loan stock Qum Nat** dm th*> Nl March 87 to 31/12/91
      799 words
    • Article
      APPROVED ISSUES
      382 18 Company Rights Issue Apcfc One-tor-one SI 85 per share Ei4ate Apr 23 Books Close May 7 Acceptance I Payment inn 15 L*fU One-tor-one M$0 70 per share b-date Apr 9 Books dose: Apr 24 Acceptance i Payment: Jun 12 Ml Ttm-lor few fe MSI 90 per share Entote
      382 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      319 18 NOTICES THE COMPANIES ACT, CAP. 90 HOCK CHUAN MVESTMENT (STORE) PTE. LTD. (M VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of HOCK CHUAN INVESTMENT (STORE) PTE. LTD. duly convened and heidea 5 Shen ton Way *02-02 UIC Building, Singapore 0106 on the 21st day of May 1990,
      319 words
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      Page 18 Advertisements Column 2
      323 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SINGAPORE POULTRY PROCESSING (PRIVATE) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Chapter 50, that the Final General Meeting of the abovenamed Company will be held
      323 words
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      Page 18 Advertisements Column 3
      382 18 FN THF. MA TIHH M THE COMPAMES ACT, CAP. 50 AND IN THE MATTER OF WAH YEN HONG PTE LTD (Members' Voluntary Winding up) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 51 Anson Road. #02-57 ft #02-59 Anson Centre, Singapore
      382 words
    • Advertisement
      Page 18 Advertisements Column 4
      39 18 Availahjf.g goo**^] DRAGONS' TALE "A lively yarn, Dragons' Tale evokes the realities of business intrigue in Asia." Louis Kraar, Fortune "Truly enthralling.... the characters are all too true to life." Clare Hollingworth, Sunday Telegraph $27 IBJ/12/W Times The Bookshop
      39 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Profit-taking whittles away early gains
      3727 19 SHARE PRICES on the Kuala Lumpur stock market finished mixed yesterday as profit-taking whittled away early gains after three straight sessions of gains this week. However, losses were mostly slight. Brokers said the temptation for operators to pocket profits was just too great that most
      3,727 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      25 19 EXECUTIVE I I JOBS I MANAGERS MUST MANAGE BT shows you how MANAGEMENT Every Monday Keep your investment decisions on target CHARTPOINIP EVERY SATURDAY X
      25 words
    • Advertisement
      Page 19 Advertisements Column 2
      282 19 NOTICE TO HOLDERS AS REQUIRED UNDER U*****,000,000 TRANSFERABLE LOAN CERTIFICATE FACILITY WITH EURO-NOTE AND MEDIUM TERM NOTE OPTIONS DATED 20 JUNE 1089 ("TLC FACILITY") Industrial Equity Limited ("EEL") has announced that, (subject to the necessary approvals) its wholly owned subsidiary, Southern Farmers Group Limited ("SFG") will acquire the Allowrie Foods
      282 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares bounce back on eleventh-hour buying
      2279 20 Reuter TOKYO stocks jumped before the close yesterday as the release of good corporate results lured a flood of wallflower investors from the sidelines. As the close drew near, buyers deluged the market for domestic demand-related stocks focusing particularly on shipbuilding issues. "It's nice
      Reuter  -  2,279 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Market gains ground in active trading
      2548 20 AFP Reuter HONGKONG share prices yesterday continued to rise above the psychological 3,000-point barrier in active trading with the Hang Seng Index gaining 19.70 points to 3,048.01. The across-the-board buying of blue chip counters was attributed to optimism the US would renew China's most-favoured-nation
      AFP; Reuter  -  2,548 words
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  • REGIONAL STOCK MARKETS
    • Australian gold stocks take a beating
      • Article
        SYDNEY
        973 21 AUSTRALIA'S sharemarket closed marginally weaker yesterday, rebounding from an early low on moderate turnover with the gold sector battered because of a sharp overnight fall in bullion prices. The All Ordinaries Index ended 2.2 points ofTat 1,470.3, rebounding from a low of 1,462.4. "We saw some better volumes, but
        973 words
      • Article
        BANGKOK
        682 21 INITIAL ADVANCES on the Thai stock market were trimmed by heavy profit-taking across the board at midsession, brokers said. The official SET Index slipped 3.36 points to close at 971.33. Turnover stood at 42.40 million shares valued at 3.73 billion baht. Siam Cement shed 200 baht to end at
        682 words
      • Article
        MANILA
        575 21 PHILIPPINE stocks yesterday closed weaker in thin trade to push the main Composite Index to a new 15-month low as trading continued to be driven by fears of political uncertainty. Manila's Composite Index closed 3.47 points lower at 874.89, down from a previous 15-month low of 878.36 on Wednesday.
        575 words
      • Article
        NEW ZEALAND
        428 21 NEW ZEALAND share prices yesterday recovered from weakness earlier on, but still ended slightly easier. Brokers said the weakness was on easier overseas markets and anticipation of a weak Australian market due to falling gold and oil prices. However, the market steadied once unfilled selling orders from Wednesday
        428 words
      • Article
        SEOUL
        787 21 SEOUL stocks fell on profit-taking yesterday but brokers said the market was poised to rise again, citing generally healthy investor sentiment. The Composite Index shed 2.12 points to close at 785.79. Turnover was a thin 117.1 billion won against 186.2 billion in the previous session. "Basically there's no good
        787 words
      • Article
        TAIPEI
        373 21 TAIWAN stocks fell sharply at the finish as investors rushed to sell their holdings to make short-term profits after Wednesday's 294-point rise. The Weighted Index lost 426.63 points, or six per cent, to end at 6,587.77. Turnover was NT$6l billion against NT576.4 billion on Wednesday. Heavily weighted financial shares,
        373 words
      • Article
        BOMBAY
        39 21 BOMBAY share prices closed mixed yesterday after a bullish start sparked widespread profit-taking. The Bombay Stock Exchange Index lost 2.06 points to 786.08 after touching 796.04 in early deals. The Jakarta market was closed yesterday for Ascension Day.
        39 words
      • Article
        Untitled
        757 21 Clow Preiimn May 24 May 23 SYDNEY All Ordinaries Index 1,470.3 1,472.5 -2.2 All Industrials Index 2,294.4 2,295.4 -1.0 All Resources Index 841.9 844.8 -2.9 Turnover (million) 85.75 66.% +18.79 BANGKOK SET Index 971.33 974 69 -3.36 Turnover (nearest '000) 42.40 44.68 -2.28 JAKARTA Composite Index Closed 646.25 Turnover (nearest
        757 words
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  • WORLD STOCK MARKETS
    • Third consecutive record for blue chips
      • Article, Illustration
        NEW YORK
        1172 22 LATE AFTERNOON buying, spurred by continued strong interest in technology issues, a firm bond market, and a buoyant dollar, lifted US share prices out of a day-long slump and helped blue chips end with a third consecutive record on Wednesday. The Dow 30 index closed up 4.03 points
        1,172 words
      • Article, Illustration
        LONDON
        858 22 SHARES closed mostly lower in moderate trading on London's Stock Exchange on Wednesday, depressed by disappointing British trade figures for April. The Financial Times-Stock Exchange 100-share index finished down 23.9 points, or one per cent, at 2,287.4. That was well below the session high of 2,335.1 posted ahead of
        858 words
      • Article
        AMSTERDAM
        321 22 DUTCH SHARES closed mixed in thin trading on Wednesday as dealers squared positions ahead of yesterday's Ascension Day holiday while sentiment was unconfident with uncertainty about interest rates, traders said. The CBS all-share index closed 0.1 point higher at 119.1. Stock of airline KLM closed 0.60 lower at 31.90.
        321 words
      • Article
        FRANKFURT
        138 22 THE FRANKFURT share market was closed for Ascension Day yesterday. On Wednesday investors bought cautiously into the lower market, pushing up prices by about one per cent. The DAX index of 30 blue chips ended 18.54 points higher at 1,831.80. Frankfurt May 23 DM Acg 300.00 +8 BASF 294
        138 words
      • Article
        JOHANNESBURG
        402 22 GOLD SHARES closed lower after a firm start on Wednesday as an uncertain market was hit by further confusion from wild swings in the bullion price, dealers said. Following an almost two-and-a-half-hour fixing session, which traders described as the longest in recent times, the price settled sharply lower at
        402 words
      • Article
        MILAN
        186 22 ITALIAN SHARE prices posted modest gains in early trading yesterday with market interest focusing on Carlo De Benedetti companies, particularly CIR, brokers said. CIR, which lost ground on Wednesday when it denied a press report it had sold its stake in Belgium's Societe Generale, bounced back yesterday on market
        186 words
      • Article
        PARIS
        198 22 FRENCH SHARE prices ended firmer on Wednesday but below the day's highs in moderate volume, with a lower start on Wall Street leading to profittaking. The CAC-40 index closed 8.34 points higher at 2,123.34, near a day's low of 2,117.51 and well below a high of 2,141.13. But the
        198 words
      • Article
        TORONTO
        205 22 TORONTO STOCKS recovered slightly from heavy losses on Wednesday but closed down due to steep losses in gold shares from heavy selling in the Middle East, dealers said. "If you look at the rest of the index it didn't do a whole lot," said trader Sonny Lennon of Wood
        205 words
      • Article
        ZURICH
        291 22 SWISS STOCKS closed higher on Wednesday, as investors joined their foreign counterparts to buy engineering, chemical, insurance and other blue chips, dealers said. A stronger Swiss franc triggered buy orders but activity slowed towards the end of the session as mild profit-taking set in. The allshare SPI index closed
        291 words
      • Article
        BRUSSELS
        164 22 BELGIAN SHARE prices firmed again on Wednesday in a positive reaction to the government's plan to bind the value of the franc to the Deutschemark, dealers said. Dealers said some buying of shares continued, following on from a rise on Tuesday when the plan was first confirmed. The main
        164 words
      • Article
        Untitled
        142 22 May 23 MEW YORK (W Pre,KmS Dow Jones 2.856.26 2.852.23 4.03 NYSE Financial 146 44 145 79 +0.65 SAP 500 359.29 358.43 086 Turnover (million) 172.33 203 35 -31.02 LONDON Financial Times 30 1,810.0 1,829.5 -19 5 PTSE 100 2,287.4 2,311.3 -23 9 Turnover (million) 542.1 629 7 -87 6
        142 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback ends firmer against yen in volatile trading
      1196 23 FOREX MARKET REPORTS THE US dollar yesterday closed firmer against the Japanese yen but easier against the mark in a volatile market dominated by speculative mark/yen cross activities, dealers said. Unconfirmed talk of a Bundesbank rate check in Asia yesterday morning boosted
      1,196 words
    • Article
      Lock icon Japan's swings healthy in the long run: economists
      349 23 Reuter DRAMATIC falls in the Japanese yen and Tokyo stock and bond prices sparked fears earlier this year that the country's 3Vi-year-old economic boom was about to end. But now that the jittery financial markets have regained a degree of stability, some
      Reuter  -  349 words
    • Article
      FINANCIAL FUTURES
      1489 23 SIMEX EUHOOOUJUt Open High Low Sett Est Vol Op/Int Vol Jun 90 91.60 9L63 9I~60 9L62 3U3 ***** 2215 Sep 90 91.59 91.60 91.57 91.59 6293 ***** 7946 Dec 90 91.45 91.46 91.44 91.45 1677 4080 2309 Mar 91 91.29 91.30 91.28 91.29 1083 673 1010 Jun 91
      1,489 words
    • Article
      INTERBANK FOREX RATES
      399 23 Cross rates May 24 USS SS MS Dm Yen SFr AS NZS USS 1.8500 2.7025 1.6750 151.20 0.5908 1.4165 1.3055 1.7406 SS 0.5405 1.4608 0.9054 0.8173 0.3194 0.7657 0.7057 0.9409 MS 0.3700 68.46 0.6198 0.5595 0.2186 0.5241 0.4831 0.6441 Dm 0.5970 1.1045 1.6134 90.27 0.3527 0.8457 0.7794
      399 words
    • Article
      MONEY MARKET
      549 23 Interbank rates s$ Bid Offer Overnight 7 7 1/2 1-month 7 5/8 7 3/4 2-month 7 5/8 7 3/4 3-month 7 5/8 7 3/4 mode: 6-1/2 ISS Bid Offer 7 days 8 1/8 8 1/4 1 month 8 3/16 8 5/16 2 months 8 1/4 8 3/8 3
      549 words
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  • COMMODITIES
    • Article
      Lock icon Oil prices slide on rise in US stocks
      415 24 Reuter A RISE in US crude oil stocks to an eight-year high and a growing belief that Opec is failing to make promised cuts in excess supply sent petroleum prices on a new slide on Wednesday. Sources close to Opec delegations said
      Reuter  -  415 words
    • Article
      Lock icon Producers seek higher timber prices
      119 24 Jakarta MALAYSIA, Indonesia and a few other major producers of tropical timber have called for higher timber prices in the international market to cope with the spiraling costs of production and forest conservation. Making the call at a weeklong International Tropical Timber Organisation (Itto) conference
      Jakarta  -  119 words
    • Article
      Lock icon Venezuela warns of Opec shortage
      264 24 AFP RISING world demand for crude oil this decade will outstrip Opec's production capacity, forcing its members to seek international financing to tap their unused reserves, Venezuela's Energy and Mine Minister said. Celestino Armas said that, barring a world economic recession, demand for oil was
      AFP  -  264 words
    • Article
      Poor demand pushes tin price down 16 sen
      832 24 REPORTS THE price of tin slipped 16 sen to Msl7 per kg on the Kuala Lumpur Tin Market (KLTM) yesterday due to poor buying demand and the weaker trend in overseas markets, traders said. The market opened at M 517.16 but no
      832 words
  • Article
    PRICES
    1357 24 Rubber May 24 MS (fcfc In Soenti/kg Noon Close Int I RSS Prompt I5700/I5800N I5700/I5800N Int I RSS June 90 I58.7VI59.25 I58.7VI59.25 Int I RSS July I6I.0(VI6I.50 161 00/161 50N Int 2 RSS OP I52.50/I54.50N 152 50/I54.50N Int 3 RSS OP 147.00/I49.00N 147.00/149 OON Int 4 RSS OP I43.00/I45
    1,357 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      850 24 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF DREXEL BURNHAM LAMBERT SECURITIES PTE LTD (In Members Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at 5 Shenton Way #22-06 UIC Building, Singapore 0106
      850 words
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      Page 24 Advertisements Column 2
      842 24 IN THE MATTES OP THE COMPANIES ACT, CHAPTER M AND IN THE MATTES OF NOIAMS* REALTY CO (PTE) LTD (la Members' Y alunUry liquidation) At an Extraordinary General Meeting of the company held on 18th May 1990 the following Special Resolution was duly passed:— "RESOLVED that the company be wound
      842 words
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      Page 24 Advertisements Column 3
      15 24 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
      1006 25 City FHght ETA Flight ETD Mm DfcaM SRI87 1955 GA890 2240 FA970 2255 Wrltfih SQ225 2215 «1 RJ182 1445 RJ183 2320 KL835 1415 KL836 2115 SQ23 1810 QF16 1820 GA890 2240 Attorn SQ31 0825 0A471 2205 TE25 1800 BA11 1455 SQ338 1925 TE28 1920 BA12 2200
      1,006 words
    • Article, Illustration
      The allure and myth of Monet's garden
      713 25  -  LETTER FROM GIVERNY By Alan Furst AN EARLY spring in Europe, the first week of May, Monet's garden at Giverny it should be perfect. From a map you can see how it must have worked on him: a northern sweep of the Seipe
      713 words
    • Article
      MONEY CHANGER RATES
      152 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4065 I.426S Canadian dollar 1.3300 1.3700 NZ dollar 1.***** 1.1080 Sterling pound 3.1120 3.1320 US dollar 1.8440 1.8340 Local dollars to 100 uaits of foreign currency Austrian schilling 13.30 16.30
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      77 25 Duration Title Venue Organiser TelDuration Title Venue Organiser Td Jun M International ltal> E.A F.cra (39)2/***** Jun 7 13 Fair West Pussddorfer (49)211/4560 Exhibition Interna.,oxale for Packaging Germany Messegesdlof Gift Arti Milano Machinery. schaft mbH des, Fancy Nowea Goods Items CVjnfecf 5 Jun 4-8 international Yogoslavia Gospodarsko
      77 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      50 25 -y- Ihe hu%in»* ptrv>n choke cu-r\ luchljn. 'jj I 4 I Ihurvibv. s.ilurilj\ .mil Sunda\. leaving i W I I W I C hani;i Airport .it h»ur> .inJ .irrivint; .it R R -A- HcJthrow carl* the following morning;. A Hk k r n (> i- Ki: i:s ii An: Air
      50 words
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      Page 25 Advertisements Column 2
      136 25 ***** $V^v? m(- p[ Plaza Singapura 68 Orchard Road «04-01 Singaporeo923 TeL *****33 ORIGINAL ITALIAN FURNITURE World Trade Centre 1 Maritime Square »02-50 Singapore 0409. TeL 271 6611 F»*: it 1/711 WML KHI A Mm Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer. all the current trends
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      349 25 7 Admission price note change is needed (9) 8 The natural growth a iHI Ml |H summer's end in the gar- -Hm 10 Contend one's a king in Lm mJ the H H H 11 Unwilling to read poetry 12 Some |V VH military gear _AH— 13 the soldier's vir-
      349 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      214 25 Singapore Outlook: Showers over few areas in the predawn hours and early morning. Report: Max temp. 34.3* C Assoc humidity 64% Min temp 28.0"C Assoc humidity 92% Hrs of sunshine 8.30 Rainfall in mm Nil Rainfall this mth 175.0 Rainy days this mth 9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      214 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      36 25 N-L ueaveA IFR\ENDS OF "Jv4E Scene fIDUCC cpsLL \n es/€RV agwnst TH6 v mailable MAN... V A?r\ 'ROOFTOP ftAR-Br&OE Nr rT¥ IffO O DEMONSTRATION Ak# |jjii__ puknnep rdr J evening standard co. Ltd., Ix 2-1 mo**
      36 words
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  • Article, Illustration
    Bidders for CHIJ site may exclude the chapel in tenders
    619 26  -  By Lee Han Shih THE CONTROVERSIAL sale of the former Convent of the Holy Infant Jesus (CHIJ) site was launched yesterday by the Urban Redevelopment Authority (URA), in a session that raised some uncertainties over the fate of the famous
    619 words
  • Article, Illustration
    New frontiers of cooperation
    346 26  -  By Anna Teo COOPERATION between Japan and Singapore will extend beyond the technical arena to areas such as trade, tourism and culture, said the visiting president of the Japan International Cooperation Agency (JICA), K Yanagiya, yesterday evening. Given Singapore's rising level of economic and technical development,
    346 words
  • Article
    Lock icon No Gatt deal is better than a bad one: Bush
    240 26 AFP US PRESIDENT George Bush warned yesterday that the US would reject any new global trading agreement which did not meet US conditions, such as "fundamental agricultural reforms". Addressing a group of businessmen at the White House, Mr Bush recognised
    AFP  -  240 words
  • Article
    East Europeans to give business tips in Hongkong
    319 26  -  From Hong Leo Tiam in VIENNA A LARGE number of Hongkong companies are exploring opportunities in Eastern Europe to cash in on a market of more than 400 million people. In the first four months of this year, 50 such companies used
    319 words
  • Article
    Lock icon Asia-Pacific a safer bet: Rafidah
    125 26 Bernama MALAYSIAN Trade and Industry Minister Datuk Seri Rafidah Aziz said yesterday that the Asia-Pacific, especially Malaysia, is still the better place for long-term investments compared with Europe. Although there are emerging trends of a potentially huge Eastern European market and despite the formation of
    Bernama  -  125 words
  • Article
    Lock icon Seoul first quarter GNP up 10.3pc
    232 26 Reuter SOUTH KOREA'S gross national product grew a real 10.3 per cent in the first quarter of 1990 over the same 1989 period, when it rose 6.2 per cent, provisional Bank of Korea figures show. The rise, the highest quarterly growth since the fourth
    Reuter  -  232 words
  • Article
    Lock icon Johor plans to send official team to Batam
    399 26 NST JOHOR will send a high-lev-el official team to Batam soon to explore possibilities of economic cooperation. Chief Minister Tan Sri Haji Muhyiddin Yassin said yesterday that the move was in line with the basic aims of creating a Singapore-Johor-Batam triangle of
    NST  -  399 words
  • Article
    PM Lee encouraged by global approach of French industrialists
    572 26  -  From Margaret Thomas in PARIS FRENCH industrialists are now so international in their outlook that the French government cannot become inward-looking and protectionist, Prime Minister Lee Kuan Yew said yesterday. At a press conference at the end of his four-day visit
    572 words
  • Article
    Lee challenges western press critics to open debate
    293 26 THE Prime Minister yesterday issued a challenge to any western journalist critical of the way he runs Singapore to meet him in an open debate anywhere. "There is," he said, "an insidious tendency in the western press of lining up to show
    293 words
  • Article
    Lock icon US labour groups to boycott Harris Corp
    236 26 AFP LABOUR GROUPS in the US are planning a consumer boycott of the electronics firm Harris Corp for allegedly harassing its workers in Malaysia. A US labour activist, Terry Collingsworth, said on Wednesday: "We have identified their primary customers and we are going
    AFP  -  236 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      65 26 H\ V y/ v/s/'f Retail/commercial space in the podium block of a commercial building strategically located in the heart of Johor Bahra's retail and population base is available for lease/sale. Easily adaptable for use as an entertainment centre cum hotel. Located 2 miles from Singapore Causeway. For further details, please
      65 words
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      Page 26 Advertisements Column 2
      5 26 Precision mastery H. since 1775
      5 words
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  • SHIPPING TIMES
    • Article
      FEFC set to restore Far East-Europe rates
      388 27  -  By Dexter Lee UNDERPINNED by the strong demand for cargo space between the Far East and Europe, Far Eastern Freight Conference (FEFC) members will seek to restore freight rates to published tariff levels. An FEFC statement yesterday said pressure on space in the
      388 words
    • Article, Illustration
      Cosco facing criticism for undercutting freight rates in HK-Australia trade
      449 27 CHINA OCEAN Shipping Company (Cosco) has been chastised for undercutting freight rates in the Hong-kong-Australia trade. Mr Brian Conrad, chairman of the nine-member Australian New Zealand Shipping Conference, told the South China Morning Post that Cosco was reducing its rate
      449 words
    • Article
      "K" Line forms firm with Dutch agent
      263 27 JAPANESE shipping giant Kawasaki Kisen Kaisha ("K" Line) has joined hands with its Dutch agent to form its own agency company in anticipation of the unified European market in 1993. The new company, "K" Line (Nederland), will start operations on Sep 1 and
      263 words
    • Article
      Lock icon Japanese lines' improved profits likely to fall below earlier forecasts
      541 27 Reuter CURRENT profits of Japan's top five shipping companies in the year ended March 31, 1990, are likely to be higher than in 1988/89 but may be slightly below earlier expectations, say shipping analysts and industry experts in Tokyo. Several
      Reuter  -  541 words
    • Article
      Lack of planning leads to KL manpower shortage
      334 27  -  By Othman Abu Bakar A LACK of proper manpower planning in the Malaysian maritime industry has led to big shortages of local personnel, especially in the engineering, technical and managerial levels. An official of the Malaysian Maritime Academy, Captain Wan Shukry Wan
      334 words
    • Article
      Cargo System expands operations to China
      240 27 CARGO System, a subsidiary of Orient Overseas Container Line (OOCL) and one of the largest cargo consolidation, management, distribution and consultation companies in Hongkong, has expanded its operations into China. Customers can now reduce their operating costs by having cargo containerised at an earlier
      240 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Elf Aquitaine signs Soviet deal
        76 28 FRANCE'S Elf Aquitaine group signed an agreement with the Soviet Union on Wednesday for joint oil prospecting and production near the mouth of the River Volga, Elf Aquitaine chairman Loik Le Floch Prigent said. The agreement signed in Moscow, which the Elf chief described as
        76 words
      • Article
        AMR studies acquisition
        91 28 AMR Corp, parent of the largest US airline, is studying whether to buy Pan Am Corp's east coast shuttle, an industry source said. "American is taking a good, long look at it," said the source, who declined to be identified. A spokesman for AMR, the parent of
        91 words
      • Article
        Carnival sues Finnish builder
        88 28 CARNIVAL Cruise Lines Inc said it has sued Finnish companies Oy Wartsila Ab and Valmet Oy Ab for US$7OO million in damages resulting from contract misrepresentations. Oy Wartsila and Valmet were alleged to have made misrepresentations about the financial condition of their shipbuilding subsidiary, Wartsila Marine
        88 words
      • Article
        Ship on fire off Malaysia
        75 28 A BANGLADESH-REGISTERED cargo ship caught fire Qn Wednesday in the Straits of Malacca, but none of the 32 crewmen was injured. The fire destroyed the engine room, crew's quarters and radio room at the stern of the 7,000ton Al-Sana. It started in one of the
        75 words
      • Article
        Vessel fined for oil spill
        61 28 PHILIPPINE customs officials have fined a Panamanianregistered ship for causing a minor oil spill off the central island of Negros, the official Philippine News Agency (PNA) said. The chemical tanker Ventura, which was loading molasses off Tanjay town, had engine trouble and the all-South Korean
        61 words
      • Article
        German Wings in jeopardy
        99 28 AN attempt to save German Wings from a permanent place in the hangars was in jeopardy after investors eyeing the troubled West German carrier failed to prove they could finance a bail-out. "Chances the airline will be taken over are virtually nil," German Wings marketing manager
        99 words
    • Article, Illustration
      Lock icon PLM's debt-free way to expansion in shipping
      1320 28 PLM International has been able to attract new investment funds to shipping at a time when Wall Street interest in shipping is languishing. There is no doubt that the company is moving deeper into the industry with the aim of spending 50 per
      Seatrade Business Review  -  1,320 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      557 28 C*bon Carbon DerwtjWitef Res** As* HmHm i? d n n Dw»trW»t*r Unite Art AlumWum Utmui X M M M/M Exxon Exxon KG/M'3% V/V I M/M M/M PPM method KG/M*3% V/V M/M M/M PPM method ISO/Cnuc brats Spec E25 9911 0 15 0 0 10 30* 0
      557 words
    • Article
      THE SHIPPING GUIDE
      12401 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,401 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        602 43 VoaM \toy Mi Berth Anwal Departure Vend Voy No Berth AMM Departv e t»pp<l Wkarm fcnson 12/90E P3E 24 05/2359 25 05/0600 Ml Trust 08EB K29 alongsde 24 05/1500 J Lib Vent 3 4/90 T84 25 05/2000 26 05/1000 tgrt Gl 15C/90 K18 alongside 2406/1500 Perita Ja»a
        602 words
      • Article
        CONTAINER SCHEDULE
        1594 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Transtatwr Schedules Ship toy No Arr Date fnw From To Boofciif Gate Bft Op Gdn M Mrqab 48 27.05 90 1500 25/2000 25/2059 Portnet 2 N4 00 F05 26/0300 26/0359 NA 2 Arid Us 9009 27.05 90 1700 25/1715 25/1744
        1,594 words
      • Article
        IN MALAYSIAN PORTS
        255 43 PrtKl—t South Port Kns Madura berth 1; Bangkhunprom berth 3; Buider berth 4; Melaka iaya berth 7; Swee Long Satu berth 7A. KCT: Maersk Fargo berth 8; Kris Lemona berth 9; Perkasa berth 10; Kabuki berth 10. Mariti Port: Bangluang berth 12; Dade berth 14; Tai Bao
        255 words
    • Article
      DAILY FREIGHTS
      960 43 EXPECTATIONS Of significant surplus capacity on trans-Atlantic routes in the second half of June undermined market sentiment on Wednesday. Soviet chartering activity is continuing, but has been slow to feed through into firmer trans-Atlantic voyage rates, traders said. This contrasts with higher time-charter rates in the Pacific, a
      960 words
    • Article, Illustration
      Lock icon Five aircraft builders in joint Concorde study
      491 44 Agencies THE West's five major commercial aircraft manufacturers will put rivalries aside to conduct a joint study of the feasibility of a new supersonic airliner. The US's two major commercial aircraft manufacturers, Boeing and McDonnell Douglas, would join with the major European plane
      Agencies  -  491 words
    • Article
      Lock icon DHL deal likely to be completed this week
      273 44 NYT JAPAN Air Lines, Lufthansa Airlines and the Japanese trading firm Nissho Iwai Corp expect to complete an agreement this week to amass about a US$3OO million, 57per cent stake in DHL Worldwide Express' international business. The three companies also would be
      NYT  -  273 words
    • Article
      Lock icon US firm teams up with "K" Line to bid for project
      313 44 Lloyd's List LEADING US manager of LNG carriers Energy Transportation is joining Japanese shipowner "K" Line to bid for a valuable owning/char-ter-back deal being proposed by Phillips and Marathon. They are among groups of operators beginning to emerge to
      Lloyd's List  -  313 words
    • Article
      Lock icon KLM suffers drop in profit
      163 44 Reuter KLM Royal Dutch Airlines suffered a slump in profit from normal operations, its preliminary annual results showed. KLM said earlier it made a preliminary net profit of 340 million guilders in the year to end-March, down 9.1 per cent from the previous year. But
      Reuter  -  163 words
    • Article
      Lock icon New Nippon service
      106 44 AP NIPPON Airways is starting a service from Japan to Orlando in October, bringing more Japanese tourists and business executives to Florida, airport officials said on Wednesday. "Although the major emphasis in Florida has been tourism, we all recognise that once you open up air service, air
      AP  -  106 words
    • Article
      Lock icon Brazilian – workers to vote on . port strike
      150 44 Brazilian workers to vote on port strike Reuter WORKERS at the Brazilian port of Santos, Latin America's largest, will meet today to decide whether to start an all-out strike over job losses from June 1, a union spokesman said. "If there is no change in the situation between now and
      Reuter  -  150 words
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      Page 28 Advertisements Column 1
      87 28 It could be a controversial deal between two stock market stars, a —r thought-provoking report by university researchers on the latest trans-European Jlj[\ 3—^-r—' FOCUS zooms in on the news and -*L issues of the day and looks at them in more depth and breadth. FOCUS is the news feature
      87 words
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      Page 29 Advertisements Column 1
      2223 29 llllff 200 Cantonmont Road #12 05 Southpoint. Singapore 0208 Ulllf T«< *****11 TELEX NO RS ***** ITAUULIII terminal/cfs Toi *****1s 220 I ECOCJ BOOKINGS Tel *****34 235 Vrry A jaroine snipping agencies son bho HH KfM PORT KELANG TEL *****18 TELEX NO MA*****/MA39WI x IT MWmmSSm PENANG TEL *****4 TELEX
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      Page 29 Advertisements Column 2
      1187 29 MDEX T^TCRgaRS Page Col P««e Col I A "~l I M I sr"" 'l !1 m JlSll2-A„ 14 5 16 1/2 Alfred C Toepfcr 15 5 acr l Tf t a Ahrcnkicl Liner 16 5 APT line 14 4 •MISC 14 1-3 .API 5 J-5 M'su Slipg Corp 9 1/2
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      Page 29 Advertisements Column 3
      2310 29 veaeel Voy ETA I Eft) 'Port "Panang DESTINATIONS Singapore Kalang Thia mm Laura M Ctoamg Tm Faada< by CY 0400 MRS M Farco 4 HH■■■ BHI CFS 28/S 1800 MRS M Tauro OAK LQB HOU MEM ATL MIA CHS BAL PML NYC MOW TOH LAURA M 9006 129/S 30/5 "sid
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      Page 30 Advertisements Column 1
      1213 30 r ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE BEN A VON 94/563 27/5 13/6 15/6 17/6 18/6 20/8 TOKIO EXPRESS 93/562 31/5 26/6 19/6 22/6 18/6 2S/6 STAR LORRAINE 01/566 6/6 1/7 V 7 3/7 HAMBURG EXPRESS 96/565 7/6 2/7 26/6 28/6 25/6 1/7
      1,213 words
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      Page 30 Advertisements Column 2
      571 30 >■ tW^WW^ SOUTH PACIFIC SERVICE SIN POM SUV PPT ISLA FLOREANA 2/6 10/6 17/6 23/6 DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 2/6 5/7 6/7 9/7 Also accepting Cargo to Callao (Peru) via Valpa VS. JAVA: 03-*****25 JOHORE: 07 *****2 PKNAWG: 04-*****7 WOWTHBOUND TO UKC S PORE ROM/A
      571 words
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      Page 30 Advertisements Column 3
      1480 30 I BflaiiMiAunr REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN CLM ALG BCL FEL HAM BRE ROT ANT LHA (VIA (VIA (VIA ALG) HAM) ROT) 225^ A SUN )12 3 29/05 17/06 19 06 21/06 23/06 24/06 26 270S NORASIA PEARL 9013-3 01-06 06 06 23-06 ?S'o6 27/06
      1,480 words
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      Page 31 Advertisements Column 1
      1625 31 s Maritime Holdings Ltd\ |MSTRA|TSSHI^ Containers Voy No PKlang S soft SWw H'kurf B'luvenß'daai Left ACCEPTS DUE SAILS KIM VON W/%1 •MC D»5 27« 1J« 1M» lMt CARTS) TOUIO EXPRESS SW ALA 21/5 DM HA li|H IW U|H W .v S. LOMAiNt am J IAK fti OMt #1/87 05/07 aw
      1,625 words
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      Page 31 Advertisements Column 2
      1678 31 TO: EUROPE TQ: FAR EAST SP LM ROM HAM B'HVN FIX SPORE HK KAO KOB BU CHOYANC PARK 001 2«/5 13* 14* 1* 17* 11* CHOYANC SUCCESS 00ft 21/5 31tf 1* 4* 7* HAN JIN OAKLAND 008* 3* 21* 22* 23* 25* 21* HANJIN TONCHAE 073E 0 7* I* U/l
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      Page 31 Advertisements Column 3
      317 31 SINGAPORE CALCUTTA SINGAPORE MONGLA SINGAPORE CHinAGONG 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 U3 ETA SPORE 13.6.90 WE WELCOME YOOR ENQUIRY IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MOHTHLV SAIUHQS KK
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      Page 32 Advertisements Column 1
      575 32 A Joint Europe Service Of: P.T. NMUtTA uars M. KSMI UtYl r.T. SAMttOEM IWBOMESIA P.T. THIKORA LLOYO CR NBR **********0-0 EXPRESS SEMI-CONTAINERSMIP SERVICE WSL/VO* SPO« ROAM/ H'BUMG BROUN ANTWERP ADAH BAAB ULLAH/nwe IN PORT 29/S 4/7 21fi |n LJ. BONTANwTIWB *2M 2V? »P 1/1 Si SRIWIJAYA/VnWB lift 4/1 10/t lib
      575 words
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      Page 32 Advertisements Column 2
      747 32 Qf\HANJIN SHIPPING I container service CHOYANG PARK (WW I I M?" "t" lVs" 1 wj?**" IM"* 00K WS H^CHUUOME 22/t M HANJIN OAKLAND OMW 3/6 Hit 22,6 23,-6 25.6 26.6 HANJIN TONC HAE 07JE 4/6 H SUSAN 1011 21/6 1/7 CHOYANC SUCCESS OOJW 16/6 4/7 V' 6!l 8/ 9 HANJIN
      747 words
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      Page 32 Advertisements Column 3
      990 32 V/*Ti SiISMIKI <#H I FVf■ eaiki JTi J£ KSC ioc PUS ilia OS* TTO ML LHV Aim ROM ru HK SOPI I Evl" OOK 25 S-" 'S W 5# 7/1 t# 12# V 11/7 I*7 20/7 a/7 a/7 15* IEVER GUANO A ,fff ,fS w i» w i« no w
      990 words
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      Page 33 Advertisements Column 1
      1469 33 J NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 V; (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE *****19 M AUST/INDIA/PAK SERVICE *****18 J U MW USA SERVICE *****16 FAR EAST SERVICE *****48 DOCUMENTATION: *****44/*****14 jfJ* TERMINAL: *****22 CFS: M 2 IMPORT: *****69/*****50 NEPLINE SON BHD MALAYSIA EXPORT: *****53/*****04 r K.L.-*****33, P.Ketang *****87,
      1,469 words
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      Page 33 Advertisements Column 2
      451 33 KEELUN6 Tel: *****55 > (27/5) VXICAOHSIUfIG 0N FOR BOOKINGS I V^' 5) f i I TEL: *****17 Ni n B^° k J COLOMBO~j (26/5) Specargo's Own (XV* //\X Operated V Warehouse at \A\IX FTZ x. Warehouse Tel: *****50 i SCHENKER Servtca in 5 Continents (WEEKLY LCL/FCL CONSOL SERVICES TO/FROM GOTHENBURG
      451 words
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      Page 33 Advertisements Column 3
      1201 33 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) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND wsstts ¥OT«« |sw« |mmiA|HHow votm* swt num muitc rmvcii rott Mm* CAWILOV M» Otffi im Mio
      1,201 words
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      Page 34 Advertisements Column 1
      1136 34 QQQSS9 VOY *INOO 'PK/PNG [sGP LB CHLS NFK NYC HFX OOCL FAIR 20 28/5 29/5 31/5 23/6 3/7 5/7 7/7 11/7 RAINBOW BRIDGE 24 4/6 5/6 7/6 30/6 10/7 12/7 14/7 11/7 OOCL FREEDOM 31 11/6 12/6 14/6 7/7 17/7 IJ/7 21/7 25/7 OOCL FAITH 20 18/6 19/6 21/6 14/7
      1,136 words
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      Page 34 Advertisements Column 2
      1616 34 ETD SIN (1 DAY) HI DAY) Ml DAY) BOOKING CONTACT rATMPPIMF W 29/05/90 PORT PENANG BANGKOK JACQUELINE mA. TWICE/WKLY ~M BOOKING CONTACT w ETD SIN (3 DAYS) (2 DAYS) (1 DAY) 27/05/90 HONGKONG KAOHSIUNC KEELUNC JOYCE/JUDY TWICE/WKLY ETD SIN (6DAYS) Ml DAY) ♦(4 DAYS) I BOOWNOCONTACT I 28/05/90 BUSAN MANILA
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      Page 35 Advertisements Column 1
      1515 35 SSSS PACIFIC INTERNATIONAL LINES (PTE) LTD gg JJ Jhi PIL Building, 140 Cecil Street #0300, Singapore 0106. J [BANGKOK I VESSEL VOV SIN JKT SIN VESSEL VOV SIN BKK SIN KOTA MELATI OtSB 271S M's 1/9 KOTA SING A 12N 29/5 29/5 1/9 DELTA MAS IMS 27/5 3/9 PEGASUS PROGRESS
      1,515 words
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      Page 35 Advertisements Column 2
      1198 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint VVA Fa 2^01» Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT~ VESSEL |voy SPORE P KLANG SHAMPTON HAMBURG BHAVEN ROAM LHAVRE Benavon 27/5 13/6 16/6 18/6 Tokio Express* 93/562 31/5 Via Lan 25/6 19/6 21/6 18/6 24/6
      1,198 words
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      Page 35 Advertisements Column 3
      298 35 MYANMA VBk FIVE STAR UNS (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Kelang Pen Bkok PINYA VUO* a MAY/1 JUN MYOMAYWA VI2BW 2/5 JUN 2» MAY/1 JUN 27/21 MAY HPA-AN VISOW JUN PATHEIN VIO2W 22/21 MAY 2S/31 MAY PAGAN VIS7W 1/12 JUN MERGUI V99W U/14 JUN •OISCH ONLY THE
      298 words
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      Page 38 Advertisements Column 1
      738 38 jhdsr-UNES^B INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TP UNITED KINGDOM NORTH CONTINENT EUROPE OUTBOUND SIN FLX BRE ROM ANT HBC RST T. WENDA 5W In Pt 11/8 IS/« 20/8 AMERICAN SEN NFOI6 2»/5 21/8 22/8 23/8 2*6 26/t 0. GROTEWOHL 1/10 6/8 30/8 30/8 2/7 S/7 TAIWAN SEN WFOI9
      738 words
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      Page 38 Advertisements Column 2
      1568 38 roc cowvwmoMAi mmyicm Vmm) P KLC PNC P C Lm*« tar A VESSEL Wfi >—1>—P cmwA rou. cowTAam mhBB VMMI PKL PNC SPORE BKK HKC SNA QIN LTC SHANG CHENG 121 21/5 23/5 27/S 4/8 1/6 YANC FANG KOU 1» 11/5 28/5 l«l W M Accepting FCL Carfo for all
      1,568 words
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      Page 38 Advertisements Column 3
      498 38 \|C^\ POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS IIAFGHANISTAN I: Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, etc MR A N I: Djulfa, Astara ETD SINGAPORE 26/5, 31/5, 4/6, 9/6 lE. EUROPE I:To all inland points: Poland, Bulgaria, Czech, Hungary, Romania USSR,
      498 words
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      Page 38 Advertisements Column 4
      507 38 Ngo» H Xt A g |-.C) B>" T e^ sim bhum *m f* w K* MA wur WW S* *fi wx 9*. HYA MUM 220 M Sun 27/5 Mod 9fC] MAHA BHUM UN Wad 300 Sll 2f6~ MEKHANIK KURAKO Ujl Wod 3»5 S»t 20* SIWI BHUM MiW Fri 10 Mow
      507 words
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      Page 39 Advertisements Column 1
      971 39 EXPRESS FEEDER SERVICE (Fully Containerised) VESSEL SIN CTG A VSL 2/6 6/6 A VSL 5/6 10/6 A VSL 12/6 17/6 (Conventional Service) ETA S PORE LOADING FOR BANGLAR MITA Sid JAPAN BANGLAR MAYA 12/6 S. KOREA. JAPAN A' ETA S PORE LOADING FOR MV ALKINDI 28/5 Ummqasr/Baghdad/Basrah Kirkuk/Mosul MV ALRAZI
      971 words
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      Page 39 Advertisements Column 2
      182 39 (U* RICHFIELD MARINE AGENCIES (S) PTE LTD l S TEL: *****33 (12 Lines) Z=L FAX: *****15/*****03 UjJ TELEX: rs ***** RISHIP (3 Lines) \\W\ ETHIOPIAN SHIPPING LINES 4 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA I LOADING FOH spowe ANOINET 19W8 2i/06 OARESSAIAAM MOMBASA DJIBOUTI
      182 words
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      Page 39 Advertisements Column 3
      620 39 MASKAPAI PELAYARAN < LAUT I FULLY CONTAINERISED REGIONAL FEED€R SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA I THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND. BKK FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT
      620 words
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      Page 39 Advertisements Column 4
      618 39 linn BAY OF BENGAL SERVICES MADRAS CALCUTTA KSBELB/WY >m MM sm LEUVE 9124 Ski 29/5 07/6 LEUVE 9125 07/6 12/6 23/6 LEUVE 9126 23/6 2S/6 09/7 LEUVE 9127 09/7 14/7 25/7 VESSELS/VOY SUN CCU SIN JORGEN VESTA 03N90 03/6 10/6 17/6 JORGEN VESTA 04N90 17/6 24/6 01/7 JORGEN VESTA 05N90
      618 words
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      Page 39 Advertisements Column 5
      376 39 TO AUSTRALIA/NEW ZEALAND r~¥tt am|fciKi.i. l .|n*mi f»«k»»4|P»»— tut amiss m m m aH v* V V t HUIM v *o w w iv mussel 2B w 5/7 m >M IM W» C VtMUK 253 M SS 2W Ift DATS TO SYDNEY TO USA/CANADA wi |T npii i |T TUT
      376 words
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      Page 40 Advertisements Column 1
      1776 40 ffgfc blue star line CF: SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINOS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER. WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI Sin N PIT AUCK ITT MAHSURI 0574 I Jun U Jun Via NPI
      1,776 words
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      Page 40 Advertisements Column 2
      695 40 /Sffl THONG SOON LINES PTE. LTD. I 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) i Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH una Im leti Inn vma Tm Uti floT KIM SOON LI 21/906 26 MAY
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      Page 40 Advertisements Column 3
      313 40 «iiOHa affiMtmag Singapore Loading farIRAN EKRAM In Port Bandar Abbai 4 (MatM Um Of Mmtot) 11 WEST CSAST/MDOCt/CaiTIUIL AMERICA CMTAMR SOVICE HKC LB ENS NAM I CAME MAS S.CMU ■AMANIUO ■MTCMKYVK MS UK 1» 0* MR TOLUCA VII an zm M* an an 1(1 AI«o accepto* to other Mencan destinations
      313 words
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      Page 41 Advertisements Column 1
      707 41 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. Penang* P. Kelang Singapore SHAPLAEVERETT Gdn.K3o/25 May ROSEEVERETT 3/5 Jun 6/7 Jun JOHNEVERETT 12/14 Jun* 15/17 Jun "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN
      707 words
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      Page 41 Advertisements Column 2
      683 41 FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA Eatt i West Coatt. Caribbean, East Canada, HAITI Guatemala and Honduras VSL |S PORE hIAINLINER [LAX K {SAV |NYC |HFX ZIM MELBOURNE Vfi ZIM IBERIA 17/» 6/7 ill 11/7 13/7 ZIM OSAKA M ZIM NEW YO«K 5/7 14/7 17/7 19/7 W ZIM
      683 words
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      Page 41 Advertisements Column 3
      730 41 WSING KWANG HANG SHIPMNO TRANSPORTATION <PTl| LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 26/5 29/5 JENWEL 27/5 30/S "I VESSEL S PORE BANGKOtT~| A VESSEL 27/5 29/5 A VESSEL 1/6 3/6 DESTINATIONS ETA SINGAPORE PORT KELANG 26 MAY MANILA 26 MAY HONG KONG. ALL CHINA PORTS 29
      730 words
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      Page 41 Advertisements Column 4
      533 41 10k PERINTIS LINE ACCEPTING ALL FCL CARGOES BE "WEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOV SINGAPORE JAKARTA SURABAYA PELOPOR 943 26/5 29/5 PHASE TIA 97A 30/5 2/6 PEL OPOR 944 2/6 5/6 PRASETIA 99A 6/7 9/10 TANTO UTAMA 79 31/5 3/6 TANTO UTAMA 81 DRY DOCKING TANTO UTAMA 83 DRY
      533 words
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      Page 41 Advertisements Column 5
      363 41 SIN FM EAST 27/5 KEELUNG/KAOHSIUNG 27/5 BANGKOK 1/6 MANILA 26/5 JAKARTA 1/6 PORT KELANG/PENANG 30/5 BUSAN 29/5 TOKYO/YOKO/KOBE 28/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai H EBMPE/yK 27/5 LDN/FLX/LVP/SOU 27/5 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ 1 Hungary/Roumama/Poland/Bulgaria/Czech. SIN USA/CAMAIA 31/5 L.A./NYC/SFO 31/5 VANCOUVER/TORONTO/MONTREAL SIM AHSTiALU/WEW ZEAUHB
      363 words
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      Page 42 Advertisements Column 1
      432 42 .—PLATOU PACIFIC Ifr I SHIPPING SERVICES V NEOULAR PAR EAST H. AMERICA BREAKBULK SERVICE OWNERS' REP OFFICE TEL: *****11 SINGAPORE: FAX: 22*2439 HANSA HANSA BREMEN V.012 RIGA V.Oll SINGAPORE 13/06 28/06 JAKARTA 03/07 SURABAYA 08/07 LOS ANGELES 16/07 10/08 VANCOUVER B.C. 26/07 20/08 General Agents: ANGLO FRENCH SHIPPING TEL: *****11
      432 words
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      Page 42 Advertisements Column 2
      225 42 VSL DESTINATION ETA SIN •JIRA BHUM 09N BANGKOK 2S/5 PIYA BHUM 22SN BANGKOK 27/5 MAHA BHUM 11N BANGKOK 9/5 MEKHANIK KURAKO UN BANGKOK 31/5 SO ORIENT 23R CEBU. MANILA l/t AKA BHUM 22S CEBU. MANILA 1/C O STRENGTH 23A KARACHI. BOMBAY 29/5 O SINCERITY 24A KARACHI. BOMBAY Ot/t JENLINK 10N
      225 words
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      Page 42 Advertisements Column 3
      296 42 |y ADKRIS BUSINESS CORPORATION PHIUPPINE DIRECT REGULAR SERVICES TO MANILA BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT ALL HEAVY LIFT WELCOME. M.V.'DAGOHOY' 06,30 26TH MAY MANILA/BISLIG TBN 3-STH JUNE MANILA M.V.'DAGOHOY' 07/90 15TH JUNE MANILA GENERAL ACT CALSOURCE SHIPPING TRADING PTE LTD. «3 ROBINSON RD. #05 01 AFRO
      296 words
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      Page 42 Advertisements Column 4
      317 42 Omiral Agents TDJIA/rr-TMf f 9/2 KL: ALUMtyLmK SINGAPORE: /7T^\ SfflNr 04-*****2 *****8995 778 6922(22 lines) IjSEEBV MM Oftfl kMi. CMM AMM -111.H.1 T« m Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) WEEKLY CONTAINER FEEDER SERVICE VESSEL VOY SPORE JAKARTA DELTA MAS 155N/15SS 27/05 30/05 EDEN 9015 30/05
      317 words
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      Page 42 Advertisements Column 5
      171 42 I'fSSf MM PTL OMM RSY ALS STRENGTH VOY 12AW 2W05 OOAM IVO6 10AM ALS ENOEAVOUR VOY 14W OOAM I*o6 24AM SILVER HAPPINESS VOY 15W 10AM 30AM 06/07 Accepting FCL' lor Johannesburg VfSOKL NT DM m W Ol M OHfu VOY OOE ISAM 10AM 21AM 31AM 10AM 14AM ALS PROSPERITY VOY
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      573 43 TIDES AND WEATHER jj[|; .jw»niii[; itt~ i "if ~ms innnnrnwn -mm in -r <nrr TODAY'S TIDES (height in metres) HOIIOOOO 0100 0200 0300 0400 0500 0600 0700 0800 **********00 1200 **********001(00 **********00 2000 2100 2200 2310 K 30 26 19 12 07 03 02 02 06 1.2 19 2.4 26
      573 words
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      Page 44 Advertisements Column 1
      273 44 LIQUID CARGO PROBLEM? NEED PUMPS AND SUPPORT SERVICES? Read the advertisement on the right! PAKISTAN NATIONAL 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 BELAWAN
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      Page 44 Advertisements Column 2
      381 44 Ahyundai MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA T0 PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKG SIN H IS, I NEER H! 31/05 18/06 21/06 24/06 HYUNDAI COMMANDER 16W 30/04 03/05 06/05 24/05 31/06 01/08 07 06 2W* 01/07 HYUNDAI PIONEER 31W
      381 words
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      Page 44 Advertisements Column 3
      566 44 Call *****58 or Fax *****82 SINGA PUMP SERVICES PTE LTD •RENTALAND SUPPPCRT :EP,"fES P,"~p' F. c- T- H. H< T •EMERGENCY PE P< 'J F SEP. il E S FOR TA' KIN Af.i LIQUID CARGO PRCELEM UK/CONTINENT (TRIO) w, to ttsifito stockhoMi S Pft P Ktung Stor> M'bufj l«iw liar
      566 words