The Business Times, 31 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 Thursday May 31 1990 75*
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  • NEWS SUMMARY
    • Article
      Indonesia may resume China ties this year
      51 1 INDONESIAN Foreign Minister Ali Alatas yesterday said that normalisation of relations with China is possible this year after he visits Beijing in early July. He told a news conference that that would depend on his discussions with Chinese Foreign Minister Qian Qichhen in
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    • Article
      Thais look overseas
      19 1 THAI INVESTORS are expected to increase their overseas profile by moving toward foreign ventures Page 8
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    • Article
      Indon rising costs
      29 1 THE RISE in fuel oil prices in Indonesia is expected to increase manufacturing and construction costs by 0.4 per cent to 4 per cent Page 8
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    • Article
      Clearing conflicts
      27 1 JAPAN and the European Community have set up a mechanism to grasp by the horns trade conflicts and obstacles to each other's markets Page 9
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    • Article
      IMM a boost
      23 1 SINGAPORE'S wholesale sector is expected to get a further boost with the opening of the International Merchandise Mart Page 2
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    • Article
      Sisir's test centre
      24 1 SISIR yesterday opened a $5 million electronics test centre aimed at helping the national body achieve its self-financing goal Page 2
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    • Article
      Rents oust banks
      27 1 RISING RENTALS in Raffles Place have forced some banks to relocate their administrative and other support operations out of the financial district Page 6
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    • Article
      Era of abstinence
      28 1 IN THE WAKE of insidertrading scandals, the crash on Wall Street and the spectre of Aids, a new era of abstinence is dawning. Page 15
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    • Article
      One-way dialling
      25 1 SINGAPORE TELECOM will be introducing a new breed of portable phones which can only be used for one-way dialling. Shipping Times Pg One
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  • MARKETS SUMMARY
    • Article
      Dow Jones higher
      54 1 WALL STREET stocks bumped into technical resistance early yesterday after a strong gain backing up Tuesday's rally. However, they stayed near session highs. The Dow was ahead 12 at 2883 and gainers outnumbered declining issues by eight-to-three. The Dow jumped 50 on Tuesday and rose as high
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    • Article
      Footsie higher
      41 1 SHARE PRICES were sharply higher at midday yesterday, inspired by investors' interest in the leading stocks and a soaring futures market. At about 1115 GMT, the FTSE 100share index was up 40.8 points, or 1.9 per cent, at 2,336.4.
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    • Article
      Cold Storage options
      26 1 COLD STORAGE shareholders will now get a choice of keeping their money in either food-based Cold Storage or property-based Centrepoint Properties Page 3
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    • Article
      Fruitful venture
      24 1 THE SEMBAWANG group's joint venture with Sime Dartjy has bagged a hefty Ms2so million contract from Esso Production Malaysia Inc. Page 3
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    • Article
      On the HK trail
      21 1 FIRST Capital Corp continues on its acquisition trail with a purchase in Hongkong this time Page 3
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 796.85 -0.57 Kuala Lumpur ....582.26 +0.46 Hongkong 3,083.35 +34.8 Tokyo 32,926.26 108.59 Sydney 1,499.7 +5.4 Tuesday Change New York 2.870.49 +49.57 London 2,295.6 4-30.0
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    • Article
      CURRENCIES
      22 1 Exchange rates US$ SSI.8445 Yen (100) SSl .2256 MS SS0.6830 Money market rates Overnight 5 3/4 unch 3-montn 7 15/16% +1/16
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    • Article
      COMMODITIES
      25 1 London Gold PM fix US$366.40 -1.30 Rubbor S'pore June 158.00 '/kg -0.75 M'siaJune.. 22l500*/kg -9.50 KL Tin Turnover 85 tonnes +68 Spot M$16.99/kg +0.01
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  • Article, Illustration
    Dusit Thani spreading its wings in the region
    452 1  -  By Lee Han Shih BACKED by new partners, including Singapore's United Overseas Land (UOL) and Indonesia's Sinar Mas group, Dusit Thani, the most famous indigenous hotel operator in Thailand, is aggressively spreading its wings in the region. It is doubling its properties
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  • Article
    Lock icon US economic indicator down slightly in April
    341 1 AP THE US government's main economic forecasting gauge slipped 0.2 per cent in April, its second loss in four months and another indication of the sluggish American economy, the Commerce Department said yesterday. Analysts had said in advance of the report that the
    AP  -  341 words
  • Article
    Lock icon Petrochemical project runs into controversy
    264 1 Reuter A TAIWANESE petrochemical complex in the Philippines is locked in a funding dispute that has delayed the project and threatens to deter foreign investors. The US$37O million project by Luzon Petrochemical Corp (LPC) in Batangas province, south of Manila, was touted as the biggest
    Reuter  -  264 words
  • Article
    Fees at government hospitals to go up
    461 1  -  By Phang Hsiao Chung THE Ministry of Health (MOH) will raise most of its hospital and outpatient fees in government hospitals from Aug 1, for the first time since 1984. Fee revisions will also be conducted on a regular basis, possibly annually, from
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  • Article
    HK raises its quota for semi-skilled, skilled workers
    431 1  -  From Catherine Ong in HONGKONG IN A BID to ease the tight labour market and put a lid on rising inflation, Hongkong yesterday announced it will allow the import of another 12,700 skilled and semiskilled workers. Secretary for Education and Manpower KY
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      274 1 fßurberrysl 9 I I t 5 v 5 Reigns when it pours FIRST THINGS FIRST FOR NEW DELHI 10 CHANGE AND STRATEGIES 13 FRANCHISING AND THE FUTURE 14 Aircraft Schedule 25 Money Market 23 World Stock Markets 22 Commodities 24 Regional News 4 Cryptic Crossword 25 Regional Stock Markets 21
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    • Advertisement
      Page 1 Advertisements Column 2
      40 1 Regional cruises and ferries FIND OUT which cruise ships are coming to Singapore and which regional ferr> services are available, in our cruise and ferry column. Every 1 uesday and I nursday on Pg 16 of the Shipping l imes.
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    • Advertisement
      Page 1 Advertisements Column 3
      162 1 TOTAL TRANSPORTATION SERVICES 50 tel: 265-3833 CROWN PACIFIC Global Strategies '90 BUSINESS TIMES will be publishing a special supplement. Global Strategies *90, on June 4 to coincide with the Global Strategies Conference, a meeting for over 1,000 senior executives from multinational corporations and local companies to discuss key issues in
      162 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        President, Chok Tong send condolences
        118 2 PRESIDENT Wee Kim Wee and Acting Prime Minister Goh Chok Tong have sent their condolences to the wife of the late Tun Hussein Onn, Malaysia's former prime minister. "His death is a tragic loss not only to you, your family, and to Malaysia and her
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      • Article
        Keeping your car?
        130 2 EXISTING vehicle owners who wish to keep their vehicles for a further 10 years can apply to do so by paying the prevailing quota premiums. Application forms can be obtained from the Registry of Vehicles (ROV), the Automobile Association of Singapore and the three vehicle inspection centres:
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      • Article
        CPS appointed sole distributor
        77 2 A STRAITS Steamship Land subsidiary, Computer Processing Services (CPS), has been appointed exclusive distributor for a range of videotex products in South-east Asia. The products are made by Applied Telematics Group Ltd (ATG), a British company specialising in telecommunications and telematics systems. ATG's customers include well-known
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      • Article
        No-tobacco day
        79 2 "WORLD NO-TOBACCO DAY 31 MAY 90" a ceremony to commemorate the international event will be held by the Ministry of Health today at 1 lam at the College of Medicine Building. A video show produced by the World Health Organisation, Growing Up Without Tobacco, will be screened. The
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      • Article
        At your service
        114 2 RISING hotel costs in Bangkok have made Singapore a more viable location for service apartments and suites, as an alternative to five-star hotels, said the chairman of Melbournebased Oakford group, Robert Palmer. Oakford, which operates a chain of all-suite hotels and luxury service apartments, is looking for
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    • Article
      Sisir opens $5 million electronics test centre
      272 2  -  By Walton Morais THE Singapore Institute of Standards and Industrial Research (Sisir) yesterday opened a $5 million electronics test centre aimed at helping the national body achieve its self-financing goal. But its officials stressed that while commercialisation has taken a front seat at
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    • Article, Illustration
      First phase of International Merchandise Mart opens
      334 2  -  By Suzanne Soh SINGAPORE'S wholesale sector, already generating a turnover of $80 billion yearly, will get a further boost with the opening of the International Merchandise Mart (IMM), said Dr Lee Boon Yang, Senior Minister of State for Home Affairs and National Development.
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    • Article, Illustration
      One delighted entrepreneur
      441 2 HE STARTED out as a flop. But for persevering with his dream and turning a homegrown automation equipment company into a success story, founder Jimmy Chew yesterday won the Rotary Club's Small-scale Entrepreneur Award 1990. The managing director of Advanced Systems Automation, the only local company to
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    • Article
      MediShield as an additional coverage
      159 2 MEDISHIELD wiU be beneficial even to members of the Central Provident Fund who already have other forms of insurance or have coverage extended by their employers, the CPF said yesterday. "The fact remains that MediShield will help all members to stretch their Medisave, as well
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      156 2 W fiat does a Rolls Royce and a Bosendorjer have in common? Quality, excellence and probably the best there is. Windows Restaurant and Piano Bar provides you with a superb offering of sumptious and tantalizing continental cuisine favourites like Black Pepper Steak. Salade Nicoise. Lobster Thermidor. Baked Oyster. Smoke Salmon.
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      Page 2 Advertisements Column 2
      62 2 fMTifxinnrnntP/iins ShmS^l InfaJecMsiaSß St b+rmmtim >jilwi Owr < rwfcwn 29 MAY 1 JUNE 1990 WORLD TRADE CENTRE SINGAPORE y Organised Oy Sufiponea by |fffi| Union d»« iv«S« P<> A EiJ \twT fotr 9 Development *<»*■ E_3&T£ XS? InMrnattonatM »o.r« wnoAPQUg A.«un«y to Dujjkcalr E*ac% Copy »'V r r ...;*?y 4
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Cold Storage holders to get more flexibility
      464 3  -  By Elaine Koh INVESTORS should get greater flexibility from the restructuring of Cold Storage Holdings (CSH), said Baring Brothers who are advising CSH's independent directors on the scheme. The scheme calls for CSH's share capital to be halved to $62.18 million, with the
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    • Article
      Lock icon LTAT sets duration for Boustead bid
      217 3 Bernama THE BID by Lembaga Tabungangkatan Tentera (LTAT) to acquire all of the share capital of Boustead Holdings Bhd not already owned by it will be made not later than 35 days from May 28 and the offer documents will be despatched as at
      Bernama  -  217 words
    • Article
      First Capital Corp to acquire Hongkong-based retailer
      336 3  -  By Abdul Hadhi PROPERTY-BASED First Capital Corporation is acquiring a Hongkong-based retail fashion house, which sells the well-known Benetton label, as part of its strategy to expand internationally. In an announcement yesterday, First Capital Corp said it had entered into an agreement to
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    • Article
      Lock icon UEM awaiting second-link decision
      222 3 Bernama UNITED Engineers (Malaysia) Bhd, which submitted a full financial and technical proposal to build a second crossing from Johor to Singapore to the government last month, is waiting for a response. "The Economic Planning Unit (EPU) of the Prime Minister's Department is now analysing our
      Bernama  -  222 words
    • Article
      Palm oil prices could hold key to plantation shares' performance
      532 3  -  MARKET TALK By Lim Mui Khi APART FROM palm oil, most edible oil stocks have fallen from their 1988 peaks. And with Malaysian palms expected to be exhausted after record yields, palm oil crops could fall as much as 10
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    • Article
      Lock icon SSE bags M$250m Esso project
      300 3 MBT SIME Sembawang Engineering Sdn Bhd (SSE), a joint venture between Singapore's Sembawang Group and Malaysia's Sime Darby, has bagged a hefty MS2SO million contract from Esso Production Malaysia Inc (EPMI) to handle its fabrication work at its Jerneh A gas field offshore Trengganu. In
      MBT  -  300 words
    • Article
      Acma places out 5.57m shares to raise $13.8m
      191 3 ACMA Electrical Industries, now under the Lityan group, is making a private placement of 5.57 million new shares or 10 per cent of its issued capital, to raise about $13.8 million. The company announced yesterday that it had appointed DBS Bank to
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    • COMPANY BRIEFS
      • Article
        SES rejects Amcol bonus issue
        40 3 AMCOL Holdings has told its shareholders that the Stock Exchange of Singapore has rejected its one-for-two bonus issue"' which would have added 99 million new shares of 25 cents 'v each. No reasons were given.
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      • Article
        UIC asked for explanation
        37 3 THE Stock Exchange of Singapore has asked United Industri- al Corporation to comment on a Straits Times article yester- day in which UIC expressed confidence in getting for Singapore Land's two-for-one bonus issue.
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      • Article
        Kampung Lanjut raises stake
        34 3 KAMPUNG Lanjut Tin Dredging Bhd said it has acquired 300,000 shares of Panglobal Equities Bhd on the open market, increasing its shareholding in Panglobal to 8.510 million -zu shares. •S*
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      • Article
        Kuok reduces stake in Pelangi
        26 3 KUOK Brothers Sdn Bhd has sold 100,000 shares in Pelangi Bhd thereby reducing its shareholding in Pelangi to 21.022 million shares.
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      • Article
        From Tuesday, just IJM
        56 3 IJM Corp Bhd shares listed on the Kuala Lumpur Stock Exchange (KLSE) as "IJM A" will cease to be quoted separately from those listed as "IJM" with effect from next*" Tuesday, the KLSE announced. The KLSE also noted that the company had declared a final dividend
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      • Article
        Rashid Hussain ready
        102 3 RASHID Hussain Bhd's (RHB) MSB 4 million-nominal value of loan stock, together with 42 million transferable subscription rights (TSRs), will be admitted to the finance section of the Kuala Lumpur Stock Exchange's (KLSE) official list, and be quoted from tomorrow on a "ready" basis, the KLSE said.
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      • Article
        Landmarks explains purchases
        81 3 LANDMARKS Bhd's acquisitions of two subsidiaries, Archipelago Resorts Sdn Bhd and Archipelago Hotels (East) Sdn Bhd, were not related to any specific expansion or acquisition' programme of its hotel operations, as reported in a newspaper story dated May 18. Responding to a query by the Kuala.-, Lumpur
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      • Article
        Maxharta buys Consplant land
        48 3 CONSOLIDATED Plantations Bhd (Consplant) has agreed > to sell 176.844 hectares of oil palm land on Bukit Rajah Estate in Klang to Maxharta Sdn Bhd for M 571.31 million. lL«i said the purchase consideration was arrived at by mutual agreement without an outside valuation. y
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      195 3 HISTORY IN TIME -3S I Newton, automatic in 18 ct gold or gold/steel Planetarium Copernicus, individually numbered, handmade in 18 ct gold Michelangelo, automatic in 18 ct gold or gold/steel Planetarium Copernicus The Planetarium by Ulysse Nardin combines with a pure The Planetarium indicates: stroke of genius the geocentric universe
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Sharp to increase imports
        73 4 SHARP CORP will increase items imported from Sweden's AB Electrolux to about 30 within this year from the current six, a Sharp spokesman said yesterday. The company has been importing and selling in Japan washing machines, two kinds of dishwasher and three kinds of refrigerator made
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      • Article
        Kubota gets licence
        59 4 KUBOTA Corp's wholly owned computer unit has been licensed by Mips Computer Systems Inc of California to make and sell Mips-developed workstations in Japan, a Kubota spokesman said yesterday. Kubota Computer Inc will start marketing R***** desk-top workstations in July and expects annual sales of 5,000 units
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      • Article
        Ampol to raise stake
        77 4 AMPOL Exploration Ltd has agreed to lift its stake in 10 small Queensland oil fields by 4.99 per cent to 41.99 per cent. It said current output from the fields in the Tintaburra area of south west Queensland totals about 1,000 barrels a day. Three new
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    • Article
      Sime bid to satisfy Philippine law
      288 4 SIME DARBY's Philippines subsidiary Sime Darby Pilipinas Inc (SDPI) has offered to sell its Tumajubong Estate to the authorities there so as to comply fully with the requirements of the Comprehensive Agrarian Reform Law (CARL). Negotiations for the sale of the estate and the
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    • Article
      Lock icon Suntory buys into Australian venture
      99 4 Reuter JAPANESE brewing and distilling group Suntory Ltd has taken its first step into the Australian wine market with the acquisition of a controlling stake in premium wine producer Andrew Garrett Wines. The price and size of the stake were not disclosed. Andrew Garrett Wines,
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    • Article
      Lock icon New Serendah to buy 70pc of Johor oil palm estate
      463 4 MBT THE NEW Serendah Rubber Company yesterday said it is acquiring 70 per cent of an oil palm estate in Johor for M 556.7 million through a share exchange. It said it has accepted the offers to purchase the equity
      MBT  -  463 words
    • Article
      Lock icon BHP may reduce stake in Woodside Petroleum
      382 4 Reuter THE Broken Hill Pty Co Ltd may reduce its stake in Woodside Petroleum Ltd to 20 per cent or less, rather than selling it entirely. Woodside chairman Bill Rogers told a Securities Institute of Australia meeting in Sydney on Tuesday: "My guess
      Reuter  -  382 words
    • Article
      Lock icon Tax plan a threat to San Miguel beer sales
      186 4 Reuter PHILIPPINE food and drinks conglomerate San Miguel Corp said on Tuesday that it feared a proposed bill raising beer taxes would depress sales by the beer industry and it urged Congress to reconsider the plan. San Miguel said it expected
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      149 4 THE GATEWAY 3-_" -_f 3 "-"-r^— u i-bi 1 Singapore's Premier Office Development Is Available for Immediate Occupation! The Gateway is now complete and already has attracted more than 60 tenants, leasing over 600,000 sq ft. Located just outside the CBD and close to the Bugis Street MRT Station, the
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      Page 4 Advertisements Column 2
      11 4 M onagers /Must V lanage BT shows you how every Monday.
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Drexel's brokerage unit files for bankruptcy
      494 5 NYT 1N WHAT was described as the first move toward reviv- ing the brokerage unit, Drex'el Burnham Lambert Inc filed for bankruptcy protection on Tuesday as Frederick H Joseph stepped down as v Drexel's chief executive. 5 Drexel's parent, the Drexel Burnham Lambert Group
      NYT  -  494 words
    • Article
      Lock icon Fiat to work with Soviets, Poles
      465 5 NYT FIAT GROUP, racing ahead of its competitors to set up shop in Eastern Europe, has r, agreed to work with the Sovi- et Union to produce 900,000 -v cars a year there and with i Polish car makers to assem- ble 270,000 cars
      NYT  -  465 words
    • Article
      Lock icon Kaufhof expects robust growth in earnings
      288 5 Reuter GERMAN retailer Kaufhof Holding AG said earnings in 1990 should show a strong rise from 1989's almost four per cent rise to 107.6 million marks as the company focuses on consolidating last year's acquisitions. Management board chairman Jens Odewald also told the annual
      Reuter  -  288 words
    • Article
      Lock icon NZ Telecom profits increase 9.5pc
      162 5 Reuter NEW ZEALAND'S state telephone company Telecom Corporation announced a 9.5 per cent rise in profits yesterday but launched a bitter preprivatisation attack on the government. Chief executive Peter Troughton accused the government of demanding exorbitant dividends from Telecom, dubbed a 'cash cow' for its
      Reuter  -  162 words
    • COMPANY BRIEFS
      • Article
        Acton to buy Hickory's furniture business
        43 5 ACTON Corp of Raleigh in North Carolina, an insurance and real estate concern, has agreed to purchase the furniture operations of Hickory Furniture Co for U5544.5 million. The operations will continue under the name of Hickory White.
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      • Article
        Fur Vault deal coming along
        53 5 FUR VAULT Inc of New York, a fur apparel producer, has completed the first phase of its sale of the operating assets of its retail fur group to Jindo Corp. The second phase of the sale is pending the termination of the Fur Vault's lease
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      • Article
        Galactic buys into Cornucopia
        43 5 GALACTIC Resources Ltd of Vancouver in British Columbia, a natural resource property developer, has agreed to acquire more than 3.1 million common shares, or 16.3 per cent, of Cornucopia Resources Ltd, a metallic mineral mining concern, from Cornucopia shareholders.
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      • Article
        Grace raises stake
        43 5 GRACE Energy Corp of Dallas has acquired the minority stakes of its Grace Drilling Co unit held by subsidiaries of Panhandle Eastern Corp, a natural gas and holding company, giving Grace Energy a 99.45 per cent stake in Grace Drilling.
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      • Article
        Hanson sells company
        40 5 HANSON pic of London, a consumer goods and buildings products company, sold its Los Angeles-based Marvin Electric manufacturing unit, maker of incandescent and other lighting, to Hubbell Inc, makers of electrical equipment, for 518.5 million in cash.
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      • Article
        Integra buys offices
        30 5 INTEGRA Financial Corp of Pittsburgh, a multibank holding company, said its Union National Bank subsidiary had acquired 16 branch offices of Horizon Financial FA for $12 million.
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      • Article
        Republic Waste cuts deal
        39 5 REPUBLIC Waste Industries of Houston has agreed to acquire certain assets of Boyas Industries of Cleveland, including those used in the operation of the company's excavation, demolition and materials handling business. Terms were not disclosed.
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      • Article
        Stateswest to buy planes
        61 5 STATESWEST Airlines of Phoenix has said it would purchase up to eight planes from Boeing Canada Ltd of Ontario, a unit of Boeing Co of Seattle, for $90 million, and in separate transactions valued at approximately $40 million, would acquire 10 planes, an ATC Flight Simulator,
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      256 5 a in a i> i>n in; ,Z ITS ELECTRIC. ■jpnlh I 'MliliSHisK?' ■i 8 I w fl mlill ■PB* It takes a fraction over 12 seconds for the XJ-S VI2 Convertible to lr bring back all the joys of open top 5.; motoring. And to automatically U&S' stow the heated
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Higher coverage for Stanchart depositors
        85 6 STANDARD Chartered has raised the maximum coverage under its special personal accident insurance programme for savings account depositors from $20,000 to $500,000. The new limit, which applies to depositors aged between 10 and 65, will take effect from June 1. Depositors with account balances above
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      • Article
        DBS opens branch at IMM
        84 6 DBS BANK yesterday opened its first corporate bank branch at International Merchandise Mart, one of the world's largest one-stop wholesale centres. The bank's IMM Branch caters to the corporate and personal banking needs of tenants, trade visitors, businessmen and office workers in IMM. At the
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      • Article
        US reaffirms stand
        61 6 US TREASURY Secretary Nicholas Brady said the United States is committed to negotiating terms for financial service industry liberalisation in any agreement struck under the Uruguay Round of international trade negotiations. "We are determined to see these negotiations completed on time and with concrete results," Brady said
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      • Article
        Trial starts for 35 in Italy
        70 6 THE trial of 35 people charged with fraudulent bankruptcy over the 1982 collapse of Banco Ambrosiano, one of Europe's biggest bank failures, began on Tuesday but only six of the accused appeared in court. Among those who did appear was Sardinian businessman Flavio Carboni,
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    • Article, Illustration
      More banks looking away from Raffles Place
      382 6  -  By Hong Lee Tiam FACED with rising rentals in Raffles Place, more banks are relocating their administrative and other support operations out of the financial district. Hongkongßank will move its finance department to Crasco Building in Beach Road next month, while an official
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    • Article
      OCBC starts interbank transfer service
      267 6 OCBC BANK has finally launched the interbank fund transfer service under the shared ATM (automated teller machine) network, six months after DBS Bank created a controversy by pioneering the service here. The new OCBC service, which started on Tuesday, allows holders of ATM cards issued
      267 words
    • Article
      Lock icon World Bank approves loan to China
      348 6 Reuter THE World Bank has approved a US$3OO million loan for China to re-establish forests, but postponed a controversial US$l5O million transportation loan adamantly opposed by the United States. The agreement on one loan and the postponement of the other was the latest chapter
      Reuter  -  348 words
    • Article
      Lock icon CCB closed for business until further notice
      146 6 MBT HANAFIAH, Raslan and Mohamad (HRM), the receivers of the Cooperative Central Bank (CCB), has announced that CCB has closed for business from Tuesday. The closure, HRM said in a statement, is necessary in view of the Malaysian Supreme Court decision on May
      MBT  -  146 words
    • Article
      Lock icon Small money lenders play crucial role in Asian economies, says ADB study
      408 6 Reuter PAWNBROKERS and money lenders receive their share of criticism and resentment, but a new study says they have played a crucial role in the economic transformation of Asia. The study by the Asian Development Bank (ADB) says
      Reuter  -  408 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      60 6 VJFORT H Ot B The Beaufort SINGAPORE Beaufort Sentosa Development Pte. Ltd. $70,000,000 Project Finance Facility Arranged by: Security Pacific Asia Ltd. Funds provided by: Deutsche Bank, Singapore Branch Security Pacific National Bank Commerzbank (South East Asia) Ltd. BBBBi Probo Pacific Pte. Ltd. Showa Leasing (Singapore) Pte. Ltd. Unibank of
      60 words
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      Page 6 Advertisements Column 2
      56 6 S.G. WARBURG SECURITIES (SINGAPORE) PTE LTD S.G. Warburg Securities (Singapore) Pte Ltd., invites applications for the position of: Research Analyst Candidates need not have prior experience in the broking industry although experience in a relatea field will be an advantage. Applications with detailed resume should be sent to: The Manager
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  • Page 6 Miscellaneous
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
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  • THE REGION
    • NOTE BOOK
      • Article
        Manila plans to sell main military camps
        79 8 THE PHILIPPINES plans to sell its main military camps and relocate to US military bases north of Manila if US forces pull out of these facilities next year, a senior aide to President Corazon Aquino said yesterday. Public Works Secretary Fiorello Estuar said,
        79 words
      • Article
        ADB grant for M'sian village
        61 8 THE ASIAN Development Bank (ADB) is providing a US$ 100,000 grant to support a model Malaysian village that would promote self-help livelihood projects to supplement incomes from farming. The pilot project will be selected from among 74 prospective beneficiaries in peninsular Malaysia, Sabah and Sarawak.
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      • Article
        Sino-French venture in China
        79 8 THE CHINA LIGHT company and France Ebauches signed an agreement in Besancon, France, on Tuesday setting up a joint venture to produce watch movements. China Light deputy director Wang Xiaojing will head the new enterprise in the Zhuhai special economic zone in southern China. France Ebauches
        79 words
      • Article
        Japan halts funding for project
        127 8 JAPAN will temporarily halt its financing of a controversial dam in central India pending assurances on the human cost of the project, a Foreign Ministry' official said yesterday. "For the time being, Japan will back out of funding," said Azusa Hayashi, director of the loan
        127 words
      • Article
        Soviet official for Bangkok talks
        99 8 A SENIOR Soviet official is to visit Bangkok early next month for talks on Cambodia and other regional issues, a Thai Foreign Ministry official said yesterday. Soviet Deputy Foreign Minister Igor Rogachev, an Asia specialist, is to visit Bangkok on June 2-7 to attend the
        99 words
      • Article
        Pakistan to raise spending
        68 8 PAKISTAN decided at the weekend to increase government development spending by an unadjusted 13 per cent for the next fiscal year but promised to keep new taxation down. The National Economic Council, the country's highest economic policymaking body, approved an annual development program worth 63 billion
        68 words
    • Article
      Thais likely to invest more overseas
      434 8 THAI INVESTORS are expected to expand their overseas profile by moving increasingly toward foreign ventures, now that their businesses are growing sharply and the financial regulatory barriers have been removed. The Nation newspaper in Bangkok said this week that in the first quarter of
      434 words
    • Article, Illustration
      Lock icon Technocrats in new Taipei Cabinet
      276 8 Reuter TAIWAN yesterday announced Cabinet changes that left positions of economic power in the hands of technocrats. The new Cabinet will take office on June 1, a statement from the ruling Nationalist Party said. The Cabinet will have new people in key economic planning and
      Reuter  -  276 words
    • Article
      Shanghai Centre owners not worried over Pudong
      290 8 THE FINANCIAL viability of Shanghai's largest office and apartment complex could be affected if a new commercial and financial centre in the eastern district of Pudong goes ahead, economists in the city said. But the Shanghai Centre's owners, Seacliff a joint venture between
      290 words
    • Article
      Big plans for Thai gateway to Cambodia
      350 8 THAI TOURISM authorities are preparing wide-ranging plans to turn Übon Rachathani into a major jumping off point for Cambodia when peace finally returns to the troubled neighbouring country. The double-edged plan is aimed at encouraging tourists to use Übon Rachathani as the main
      350 words
    • Article
      Fuel hikes raising Jakarta's factory and building costs
      324 8 THE 15.2 per cent average rise in fuel oil prices in Indonesia will increase manufacturing and construction costs by 0.4 per cent to 4 per cent, estimates the Indonesian Chamber of Commerce and Industry (Kadin). Kadin vice-chairman Aburizal Bakrie said that in
      324 words
    • Article
      Lock icon Australian economy grew 1.8pc in first quarter
      338 8 AFP AUSTRALIA'S economy grew 1.8 per cent in the March quarter, officials statistics showed yesterday, despite government attempts to cool down activity. Analysts said the gross domestic product (GDP) figures released by the Bureau of Statistics foreshadowed tough times ahead and ruled out
      AFP  -  338 words
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  • THE WORLD
    • Article, Illustration
      Lock icon When Gorbachev's away, the reforms see delay
      468 9 AFP THE SOVIET parliament on Tuesday delayed adopting crucial economic reforms in the absence of President Mikhail Gorbachev. It also rejected a call from radicals for a confidence vote. After four days of debate on the government's proposed economic reforms providing for moves
      AFP  -  468 words
    • Article
      Lock icon US officials doubt Soviet trade pact will be signed at summit
      439 9 Reuter US AND SOVIET negotiators have wrapped up a bilateral trade agreement but it was uncertain whether it would be signed at this week's superpower summit, US officials said on Tuesday. President George Bush had hoped to sign the
      Reuter  -  439 words
    • Article
      Lock icon Small businesses make a comeback in Rumania
      383 9 Reuter UNDER dictator Nicolae Ceausescu, even marriage bureaux were banned on suspicion of being subversive private enterprises. But, now that he is dead, they and other small businesses are thriving. Privately owned firms ranging from taxi companies to travel agencies, once stifled in
      Reuter  -  383 words
    • Article
      Lock icon Gorbachev sure of summit's success
      268 9 AP SOVIET President Mikhail Gorbachev said yesterday that he is confident the two superpowers will agree on a formula for Germany's reunification without upsetting the balance of power in Europe. Asked if he was optimistic about reaching agreement with the US over Germany and its
      AP  -  268 words
    • Article
      Lock icon Japan, EC form joint working group to deal with conflicts
      354 9 AFP JAPAN and the European Economic Community (EC) on Tuesday revived top-level talks after more than three years by setting up a mechanism to grasp trade conflicts and obstacles to each other's markets by the horns. The two sides also
      AFP  -  354 words
    • Article
      Lock icon Call to restore full employment in OECD
      227 9 AFP TRADE UNIONS in Western industrial countries and Japan on Tuesday pressed governments to come to grips with persistent high jobless levels in the 24 member states of the Organisation for Economic Cooperation and Development (OECD). In a joint statement to the OECD
      AFP  -  227 words
    • Article
      Lock icon Senators propose foreign aid revamp
      171 9 AP TWO Senate committee chairmen on Tuesday proposed revamping US foreign aid to make it more supportive of American business interests overseas. Democratic Senators David Boren of Oklahoma and Lloyd Bentsen of Texas said US aid dollars must be aimed at sharpening the competitiveness of
      AP  -  171 words
    • WORLD WATCH
      • Article
        Lithuania prepared to compromise: Landsbergis
        57 9 LITHUANIA is prepared to study "suspending" or "freezing" its declaration of independence provided that this does not put it under the jurisdiction of the Soviet constitution, Lithuanian President Vytautas Landsbergis told AFP on Wednesday before he left for a one-day visit to Czechoslovakia where he
        57 words
      • Article
        EC inflation up 0.9pc
        80 9 PUSHED by sharp rises in Britain, Portugal and Greece, the inflation rate for the 12 European Community countries rose 0.9 per cent in April. The EC's statistical agency Eurostat said in a statement the consumer price index for the EC as a whole rose 5.4 per
        80 words
      • Article
        Quebec businessmen may stay
        81 9 CANADIAN businessmen, who fled Quebec by the thousands in the 1970s after separatist violence, now have strong ties to the province and are likely to stay even if the Meech Lake Accord fails to pass by its June 23 deadline. The accord would recognise Quebec as
        81 words
      • Article
        Arab summit ends, quietly
        64 9 ARAB LEADERS ending an emergency summit in Baghdad on Wednesday criticised US support for Israel, but hardliners failed to push through a call for sanctions against Washington. The heads of state, divided over how tough they should be toward the US, have also abandoned plans to
        64 words
      • Article
        Japanese vehicle exports fall
        67 9 JAPANESE vehicle exports in April fell 18 per cent from a year earlier to 430,216 units. The Automobile Manufacturers Association (AMA) said the figure also represented a 22.1 per cent decline from March. The April exports, including auto parts, were worth U554,991 biUion, down 22.7 per
        67 words
      • Article
        Aussie farmers blast US
        82 9 A TOP spokesman of Australian farmers lambasted the US farm price support system as a failure while stressing solidarity with efforts of President George Bush's administration to end agricultural subsidies worldwide. "I find it quite paralysing to think how the American nation, the land of the
        82 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      43 9 [Outside CBD and next to Newton MRT Station OFFICE SPACE H from 2,600 to 12,000 square feet (on one floor) Available around August 1990 $5.50 per square foot (inclusive) nett m Ample Covered Car Parks GEORGE LOW CO mm CHARTERED SURVEYORS *****37 m
      43 words
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      Page 9 Advertisements Column 2
      124 9 IF VOU'RE FED UP WITH VOUR HAIRSTYLE, WE CAN CHANGE IT. Sure we can! Because we know how with SURE PLUS' and STOP LOSS the highly successful formula from China for healthier hair, manufactured in Singapore under stringent quality control What have you got to lose 7 Call 733 0050
      124 words
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  • Article
    Tempering market forces
    513 10 EDITORIAL THE NATIONAL Wages Council once again has recommended a moderation of salary increases this year. It is no surprise in view of the national concern about international competitiveness. What is different this time round is the recommendation that basic wage increases should not exceed the overall
    513 words
  • WHAT THE OTHERS SAY
    • Article
      Time to bow out
      251 10 THE COMPLETE official returns will not be in for some time yet, but the government of General Saw Maung has conceded defeat to the National League for Democracy (NLD) in the Burmese election. Nevertheless, will the military junta hand over power, and if so, when? Credit
      251 words
    • Article
      Burmese lessons
      112 10 THE OUTCOME of the election in Burma has again indicated that the Burmese people have lost confidence in its military rulers. Whatever the fate of the country may tum out to be, Burma provides lessons for others, and the most important of these is: a country should be
      112 words
    • Article
      A give-and-take game
      141 10 SHOULD a reunited Germany remain in Nato? That, rather than arms control or ideology, is the main question President George Bush and Soviet leader Mikhail Gorbachev will have to resolve when they meet in Washington. Mr Gorbachev will have to be convinced that Germany's continuing membership in
      141 words
  • REGIONAL VIEWPOINTS
    • Article
      Test of propriety
      175 10 THE US-SOVIET SUMMIT opens in Washington on Thursday. We hope that this meeting will bear fruit in the creation of a new European order. The important thing is for the US and the Soviet Union to behave themselves after correctly evaluating their own strength in the trends
      175 words
    • Article
      Reunification dream
      189 10 TAIWANESE PRESIDENT Lee Teng-hui has taken the unprecedented step of proposing an end to the state of war between the rival governments across the Strait of Taiwan. Certainly, Mr Lee's peace overture deserves more concrete response than the stony silence of the mainland leadership. Mr Lee's offer opens
      189 words
    • Article
      Struggle not over
      142 10 IN WHAT came as a surprise to many observers, the Burmese military authorities conceded electoral defeat yesterday to the opposition in their country in general, and to the National League for Democracy (NLD) party in particular, one day after the first general elections in three decades. The
      142 words
  • Article, Illustration
    First things first for New Delhi
    897 10  -  Foreign Editor Asad Latif gets India's priorities straight from' High Commissioner to Singapore Yogesh Mohan Tiwari Asad Latif WHY is it that India's share of world trade is a meagre 0.5 per cent, a figure hardly commensurate with the country's size and potential? Yogesh
    897 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      68 10 Please be informed that with effect from Ist June 1990 will be known as Our address and contact number remain unchanged. UNIT 16-03. CARGO AGENTS BUILCXNGB. AIRPORT CARGOROAD. SINGAPORE 1781. TELEPHONE *****08 TELEX:RS2OSO2CTISIN FAX :CT151N*****91 MAILING ADDRESS: P.O. BOX 588. AIRMAIL TRANSIT CENTRE. SINGAPORE 9181. AnAsaockJtod Company of IT 111
      68 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      45 10 DOONESBURY IMMTTO WPI£ASe DON7GSTALLCQMRETI-\ ANPNO HJORPSOF THANK y(XJALL I m HMTH XXR EULO&SS I PITY, OKAY* I'M M BY 7H£ W FORCOMM6TOMY I THIS CHAPEL HAS BCCHVI 0(0 PO/N6 FW HOWTPS M&HOHALSeXVkZ i| fiORTHBWSOM&U I A UTTIS HAXOTD I HENSOH%\ 1 1 \l&fu*fTYaFv*ief (K&!xy-1 J
      45 words
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  • ANALYSIS
    • Article
      Lock icon Old obstacles in the way of progress
      827 11  -  Several aging hardliners are ready to take Deng Xiaoping's place after he dies. The future doesn't look bright for true reform in China, says William Kazer William Kazer Reuter ONE YEAR after China's army crushed a student-led drive for democracy centred on Beijing's
      Reuter  -  827 words
    • Article, Illustration
      Lock icon Changing strategies with changing times
      1221 11  -  Japanese banks are adjusting their corporate tactics to improve profits, writes Michael Quint Michael Quint NYT JAPANESE BANKS, j which earned a reputation for price-cutting as they became the giants of the financial world in the j 1980s, are adjusting their strategies to improve profits,
      NYT  -  1,221 words
    • Article, Illustration
      Lock icon The man who could upstage Gorbachev
      700 11 Boris Yeltsin may well be the most popular politician in the Soviet Union Reuter BORIS YELTSIN'S drive to hasten the pace of reform has made him the Soviet Union's most popular politician despite frequent clashes with top officials seeking to discredit him. Sacked from
      Reuter  -  700 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      49 11 ((l GOLD COIN IMTtD Notice is hereby given that the Register of Members of the Company will be closed for the period 16 June to 28 June 1990, both days inclusive, for the preparation of dividend warrants. By Order of the Board Yvonne Choo Secretary Singapore, 30 May, 1990
      49 words
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  • FOCUS
    • Article
      COPY LINES
      245 12 SHANDWICK pic, parent company of Gibson Public Relations in Singapore and Hongkong, has acquired the TPS Group, a London-based PR consultancy. TPS has particular strength in the travel and leisure public relations businesses. Major clients include Cathay Pacific Airways, P O Cruises and the Wales Tourist Board. TPS
      245 words
    • Article
      Franchising seen as the norm of the future
      382 12  -  ADVERTISING MARKETING JDTffD BY SANGOTAMUItHANtDt By Teh Hooi Ling By the year 2000, about half of all small businesses in Singapore are likely to be involved in one kind of franchising or another. This is the projection made by Craig Slavin, managing
      382 words
    • Article, Illustration
      Care for a sweet franchise?
      354 12  -  By Suzanne Soh FEMALES between the ages of 20 and 39 years are frequent customers of candy shops, according to a recent customer survey conducted by a Swedish company. Another finding of Scantrade Pte Ltd from its sweet shops in Singapore and Malaysia is that
      354 words
    • Article, Illustration
      High-powered team in place at Spenser/BBDO
      384 12  -  _sl Sangeeta Mulchand Recently merged Spenser/BBDO is going through a number of structural changes aimed at giving it the muscle needed for a place among Singapore's major league agencies. It has reduced to just 14 its original combined client list of 27, giving up
      384 words
    • Article
      JTC seeks a revitalised image
      124 12 JURONG TOWN Corporation may soon sport a new corporate identity, complete with a new name and logo. The corporation which spearheads industrial development in Singapore has appointed Thayne Madrid Marketing Design Consultants to give it a "revitalised image." "The current logo of a factory with
      124 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      139 12 (SEASONAL LOWS PREDICTED) Mk ru H m mMM A W&S:. jSPj X' Jr lfe 4 Jjr h| LlUiLt has decided to help motorists weather the storm of high costs of driving a car, with a special low-rate season. Starting now you can rent a well-maintained car, any make, economy to
      139 words
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      Page 12 Advertisements Column 2
      89 12 1' _~3 Mil r^ wpa, SH -Jlgiggifi E^SP^g <D|S KLM's worldwide network. Stretching across continents. Linking more than 140 destinations in 77 countries, with still more to come. With friendly and reliable service in the air and on the ground. Helping the business traveller make the right connections. Leaving for
      89 words
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  • SPORTS
    • Article
      Lock icon Sabatini recovers just in time to win
      511 13 AFP GABRIELA SABATINI, seeded fourth but being written off as an "also-ran" in the women's singles at the French Open, was given the fright of her life on the Roland Garros centre court on Wednesday when she was unable to convert a 6-0,
      AFP  -  511 words
    • Article, Illustration
      Lock icon Blazers outshine Suns
      348 13 AP CLYDE DREXLER emerged from a playoff shooting slump to score 32 points and the Portland Trail Blazers beat the Phoenix Suns 120-114 on Tuesday night for a 3-2 lead in the Western Conference finals. The Blazers, who increased their homecourt record to 9-0 in the playoffs,
      AP  -  348 words
    • Article
      Lock icon Chilean goalie may seek psychiatric treatment
      283 13 AP SOCCER goal-keeper Roberto Rojas said on Tuesday that he might seek psychiatric evaluation for secretly cutting himself to halt a World Cup qualifying match that Chile was losing to Brazil. "I think it may be necessary to have a specialist examine me," Rojas
      AP  -  283 words
    • SIDE LINES
      • Article
        French rugby team in Australia for matches
        98 13 THE French rugby team led by star full-back Serge Blanco arrived in Sydney yesterday for an eight-match Australian tour that will include three Test matches against the national v side. France will open the tour against a New South Wales state side on
        98 words
      • Article
        The road to China
        95 13 SIXTY-NINE vintage cars drove into the Chinese capital on Tuesday, arriving in Tiananmen Square 52 days after leaving > Hyde Park in London. A total of 141 drivers of 11 nationali- ties travelled through 10 countries on predominantly bumpy roads. The last leg of the tour,
        95 words
      • Article
        Quarry floored by cabinet
        89 13 JERRY QUARRY'S scheduled comeback to boxing was post- ported after the former heavyweight lost to a cabinet door by TKO, a promoter said on Tuesday. Gary Pliner, the Janesville promoter organising the June 9 fight, said the "freak accident" happened when Quarry was washing dishes at
        89 words
      • Article
        Lewis may not compete
        100 13 CARL LEWIS, long billed as one of the star athletes expected at the Goodwill Games, indicated on Tuesday that he proba- i bly would not be competing in the July event in Seattle. Lewis, winner of six Olympic gold medals, the world reoordholder in the 100-metre
        100 words
      • Article
        Boyer takes 12th stage
        68 13 FRENCHMAN Eric Boyer broke away from the pack on the final climb on Tuesday and won the 12th stage of the Tour of Italy cycling race by 33 seconds of the mam pack. Overall leader Gianni Bugno of Italy, who has worn the leader's pink jersey
        68 words
      • Article
        McKay cleared
        76 13 ANTONIO McKAY, a two-time Olympic relay gold medallist suspended by The Athletics Congress for three months for using stimulants, has been cleared by an appeals panel of TAC. McKay tested positive in January for the banned stimulant phenylpropanalomine at a level of 29 micrograms per millilitre. Any level
        76 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      149 14 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by word-of-mouth. BHK For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext
      149 words
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      Page 14 Advertisements Column 2
      356 14 THE INDIANA UNIVERSITY SCHOOL OF MUSIC 1990 GOODWILL CONCERT TOUR Monday, 4 June 1990 Tuesday, 5 June 1990 Dinner and concert: S7snett per person Concert: MOnett per person Crystal Ballroom. Hyatt Regency Singapore Cocktails: 7.00 pm Dinner: 7.50 pm (Concert: 900 pm Famous operatic arias Beloved Broadway hits Classic evergreens
      356 words
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      Page 14 Advertisements Column 3
      263 14 c>oWn N Bie MotF^ u v Uslen to the great hits of yesteryear. Guess the name of the artiste/title of the song. And win for yourself fabulous prizes. Kvery Thursday at 10 p.m. Plaza Hotel I lO si«c»ro»i f lyK »n »«toi ou»f uiiiMjiiw.] II 111 I nil tu&a 1
      263 words
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      Page 14 Advertisements Column 4
      343 14 ELEMENTS OF GUANGDONG Klai The art of unlocking the delicate |j||7\ flavours of fowl, fish and game with ygKCWW! subtle touches of condiments. That's 3Mh floor Guangdong cuisine. Taste for yourself its delicious variety at the Pine Court Guangdong Buffet Lunch May 1-31, Noon-2 30pm Adult $26++, Child below 10:
      343 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      686 14 TELEVISION AND RADIO .ivU vfe J 7.30 Newt (M). 7 -*5 Right to Love. 1 BUSINESS ON RADIO ■1 1 I "1 f 1"V J $0012 W;&?SX.L 7.50 Newswatch. *00 National Mm (M) rlShin2 rOT 1116 DQ&Ci A AkJAAAAX O 8.00 11w Nuclear Age The Edu* U0 hMm MM. k
      686 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon The decade of non-sense
      924 15  -  In the wake of insider-trading scandals, the crash on Wall Street and the spectre of Aids, a new era of abstinence is dawning, reports Molly O'Neill Molly O'Neill NYT NON is more than a prefix. It has become a lifestyle. It is the dinner bell: non-fat
      NYT  -  924 words
    • Article
      Lock icon 61pc of Japanese men are smokers
      352 15 Asahi News JAPAN has the highest percentage of men who smoke among the world's developed nations, according to statistics compiled by the Japanese Ministry of Health and Welfare. About 61 per cent of Japanese men and 13 per cent of women are regular smokers,
      Asahi News  -  352 words
    • Article
      Duchess of Westminster seriously ill
      254 15 CHATTERBOX THE Duchess of Westminster, aunt of Britain's wealthiest man, was in very poor condition at a Bristol hospital on Tuesday after collapsing at her home. A hospital spokeswoman said Sally Grosvenor, 80, was taken to Frenchay Hospital from Hill House, her 17thcentury home in
      254 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      292 15 AND ENTERTAIN The Happiest Hours In Town. happy I.AUY OPVNIM. TT* «j jErrjf NAM R) lAM Happy Hours at The Fountain Lounge means enjoying a complimentary drink with every one you order. Plus, 25% off bottle purchases. There's great live music too. t I A© I Century I'■ark Sheraton I
      292 words
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      Page 15 Advertisements Column 2
      111 15 LUNCHING AT THE CARLTON BRASSERIE ALWAYS IMAKES GOOD BUSINESS SENSE. If you're looking for a superb lunch in a quiet, pleasant ambience, come for our Business Banquet. Begin with our appetizer bullet that includes fresh oysters, salmon and pate. Then choose from 4 main courses daily, with U.S. Beef Tenderloin
      111 words
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      Page 15 Advertisements Column 3
      67 15 T ~"T, mm CiwiuiM' For Lunch on| y Roasted Peking Duck *-f *4- Set Menu 4 Steamed Duck Soup 1 Roasted Peking Duck with Vegetable 2 Maple Leaf Special 5 Steamed Rice in t?i=l Bean Curd Bamboo Tubes JBE-\ 3 Shredded Duck with 6 Longgan White 1 Green Pepper Fungus/Dessert
      67 words
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      Page 15 Advertisements Column 4
      378 15 d T||/\||/ m Restaurant and 1 KUIK/% Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Beautiful and panoramic seaview day or night Lunchtime extravaganza with swim wear/fashion shows. Romantic candle-light setting for dinner. The perfect place for business entertainment or personal dining pleasure. 5-course set lunch at only $23.00++ Restaurant Hours
      378 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market closes mixed as consolidation continues
      4604 16  -  By William Chia SHARE PRICES on the Singapore stock exchange closed mixed in quiet trade yesterday on lack of followthrough buying. The market had posted some gains earlier in the day. Brokers attributed the early firmness to some buying interest in response to Wall
      4,604 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3600 17 Main Board OCBC Foreign 1190 +40 3 OUB 505 +21 +4.3% Alex Hldgs 50* 290 20 7 4% Semb Maritime 426 +16 < S Land Wrts 860 +15 +18% Ming Court 635 +15 FELSWt 354 +14 +4.1% I Nat Iron Wt 285 +13 +4.8% C&C
    3,600 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      126 18 Company Oat* Yaar Croup Nat Nat aantiagt Grass ana ta profit/lot* (L) par share dividand (000) (cants) HOI May 29 Dec 89 $73.510($50.963) 16.1(13.5) 5TE(3 5TE) S-'tno Maritime Ma, 29 Dec 89 111.906(18.508) 17 0(122) 10(7.5) fuan Sing Ma, 29 Dec 89 $8801(1784) -(0.3) V>ng Court Ma, 28
      126 words
    • Article
      RESULTS DUE
      739 18 Singoporo Stocks Last Full Y«ar Company Penod Date Year Net EK Grace Net atwtced ntf (centi) *> pro* tat r*» (SHOO) tatan Finn Feb 28 Nov 89 39 1 100 U.72> •toco Pod FetO Mar 27 Oec 89 3,4711 Lm«| *at Interim Mar 30 Dk 89 5351(h) M
      739 words
    • Article
      PROPOSED ISSUES
      366 18 Company Rights Issue Cauwway kw Capital reduction scheme to reduce par value of shares from SI 00 to 1060; Rights issue of 3.2 fe SO GO per share CSM One tor-one M$4 00 per share f*ery tour nghts shares would be issued with one TSR FAC8 Capital Reduction
      366 words
    • Article
      PRELIMINARY RESULTS
      103 18 C ;mpany Data Year Group pre-tax Nat earning* Gross ann ta profit/loss (L) per share dividend ('000) (cants) UJ Corpn May 29 Dec 89 M$8.100($3,850) 7.2(4 9a) 7(4 3a) I IIP Htdgs May 28 Mar 90 $2,791 ($3,0221) 2 6<—) JCMPH May 28 Mar 90 $19,615(527.145) 8 5(7.1)
      103 words
    • Article
      INTERIM RESULTS
      90 18 Company Oat* Halt-year Group pre-tax Interim ann to profit/loss (L) dividend ('000) Wearnes May 23 Mar 90 $28,406(319.539) 7(7) Van def Horst May 21 Mar 90 $1,836(5315) C- Atwood Park May 16 Mar 90 $15,208(17,106) 30b(10) II May 16 Mar 90 $1.72S($592l) 5(-) ■Spore land May 4 Feb
      90 words
    • Article
      INCORPORATE DEVELOPMENTS
      151 18 Kay 29 h./i-J Plaza, the hotel arm of United Overseas Land, is expected to offer 100 m 50-cent shires to the public next week, at between 70 cents and 80 cents each. United Industrial Corporation has sold its stakes in Supreme House and Inchcape House t Wing Tai
      151 words
    • Article
      DIVIDENDS ANNOUNCED
      1231 18 Current Ex Books Dote Total for Total for payment date dose payable the year last year 841 81 Jun 8 Jun 22 Jul 2 8% 51 Bmmb 31 Jun 25 Jul 6 Jul 18 31 31 :'»tead SKI) Apr 18 May 4 Jun 7 51 151 Bourindn 31
      1,231 words
    • Article
      BONDS, LOANS & WARRANTS
      646 18 BONDS, LOANS WARRANTS C4C Nt Before _26/4/93 1 warrant phis >309 cash C mmtmrr Loan Caaaway Nt 2/10/89 to 20/10/94 1 warrant plus $1 cash or 1 warrant plus |1 nomnal amount of loan stock. Qui Hm Notet March 87 to 31/12/91 IX warrant phalFK^ash Chun My Nt94 1/8/89 to
      646 words
    • Article
      APPROVED ISSUES
      422 18 Company Rights Issue Apofa One-tor-one $185 per share Estate Apr 23 Books Close May 7 Acceptance t Payment km 15 Corpn One tor three MSI 60 per share *****1m 1% Convertible Unsecured Loan Stock ot M(100 nommal value to be issued on the basis ot 1 CULS tor
      422 words
    • Article
      COMPANY MEETINGS
      153 18 hrrtraco Limited: AGM at 456 Alexandra Road. #14-00, NOL Building, Singapore 0511 on Thursday. May 31, at 10am Sngapore National Print en Limited: 16th AGM at The Wesbn Stamford Westin Plaza. Mercury Room, 4th Floor. 2 Stamtord Road, Singapore 0617 on Thursday, May 31, at 12 noon. National
      153 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      207 18 Global Strategies Supplement 1990 '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 discuss key
      207 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares ease as turnover falls below 30m mark
      3742 19 MBT Bernama THE KUALA LUMPUR stock market closed marginally easier for the third straight session yesterday in slow trading with business volume slipping to below 30 million shares. Except for industrials, other sectors of the market were extremely quiet as most operators
      MBT; Bernama  -  3,742 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      84 19 r It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business
      84 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market recovers from early fall to end firmer
      2272 20 Reuter TOKYO STOCKS closed firmer yesterday, despite a roller coaster ride down 300 points on arbitrage in the morning session. Brokers said the market was stabilising after Tuesday's retreat on earlier gains and that the benchmark was settling near 33,000 for the
      Reuter  -  2,272 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Stocks finish at new post-crackdown high
      2600 20 HONGKONG'S Hang Seng Index surged strongly to end at a new post-June 4 high yesterday on a much improved political climate, brokers said. "The political climate means lots of investors arc happy to hold onto stocks and with Wall Street strong there's no bad
      2,600 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks end higher in volatile trade
      • Article
        SYDNEY
        1119 21 THE AUSTRALIAN share market closed firmer yesterday after a day of volatile trading with many leading stocks experiencing sharp fluctuations following the release of gross domestic product figures. The All Ordinaries Index ended 5.4 points up at 1,499.7, but off its high of 1,506.1. It traded above the 1,500
        1,119 words
      • Article
        TAIPEI
        387 21 THE Taiwan stock index closed higher for a third day yesterday after a rocky session in which investors pulled the index off its highs by repeatedly taking profits, dealers said. The weighted index rose 153.94 points, or 2.3 per cent, to finish at 6,857.00. At its high it was
        387 words
      • Article
        SEOUL
        774 21 SEOUL STOCKS closed off their midafternoon highs but still ended the day higher yesterday, having risen on news agency reports that President Roh Taewoo might meet Soviet leader Mikhail Gorbachev in Washington. The composite stock index closed up 6.02 at 789.89, after coming within a few tenths of a
        774 words
      • Article
        MANILA
        508 21 PHILIPPINE STOCKS dived with the Manila Stock Exchange composite index dropping 7.3 per cent to a 17-month low yesterday after the chief of the country s armed forces predicted there is going to be another attempted coup next month. The index closed at 798.15 points, down 62.57. General Rodolfo
        508 words
      • Article
        BANGKOK
        610 21 THAI STOCKS advanced in highly speculative trade yesterday with some profit-taking on blue chip cement stocks, brokers said. The official SET Index gained 11.81 points to finish at 987.31 on a turnover of 42,120,168 shares worth 4,520.05 million baht. Siam Cement was down 160 baht at 6886 and Siam
        610 words
      • Article
        JAKARTA
        422 21 THE Jakarta stock exchange index slipped 0.56 points to 640.58 in fairly active trading yesterday. Astra and chemical firm Tjiwi Kimia dominated the regular market at 119.000 shares each. Both shares crept up 200 rupiah, with Astra ending at 23,850 and Tjiwi at 12,000 rupiah. Jakarta Rupiah VoH"00) Aqua
        422 words
      • Article
        NEW ZEALAND
        325 21 SHARE PRICES of most leaders on the New Zealand market ended the day firmer but were down on their morning close when the market surged in line with a bullish close for Wall Street blue chips. The Barclays Index estimate rose 15.86 points to 1,7997.43, after ending the
        325 words
      • Article
        Lock icon BOMBAY
        67 21 Reuter BOMBAY share prices ended mixed yesterday as heavy profit-taking by state-owned mutual funds eroded the market's firm opening. Brokers said the selling was a technical correction after share indices set new record highs in the last two days. The Bombay Stock Exchange index fell 7.70 points to 803.89
        Reuter  -  67 words
      • Article
        Untitled
        432 21 lose Previous May JO May 29 SYDNEY All Ordinaries Index 1499.7 1,494.3 f 5.4 All Industrials Index 2340 3 2,329.2 +11.1 All Resources Index 858.8 857.4 4-1.4 Turnover (million) 81.81 76.57 +5.24 BANGKOK SET Index 987.31 975 50 +1181 Turnover (nearest '(XX)) 42,120 37,196 +4,924 JAKARTA Composite Index 640 58
        432 words
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  • WORLD STOCK MARKETS
    • Dow Jones finishes at record high
      • Article, Illustration
        NEW YORK
        1109 22 US BLUE CFIIPS rose to a new recordsetting closing high on Tuesday, spurred by excitement as the Standard and Poor's 500 index and International Business Machines Corp shares both eclipsed prior closing record highs. "It's the old train leaving the station and everyone's afraid not to be on
        1,109 words
      • Article, Illustration
        LONDON
        962 22 UK EQUITIES shot higher in morning trading yesterday in response to a surge on Wall Street, strength in sterling and UK gilts, and a firm FTSE futures market. Stock shortages exaggerated the impact of scattered buy orders, dealers said. "No one wants to be left out of the rally
        962 words
      • Article
        FRANKFURT
        324 22 WEST German SHARES surrendered early gains to end mixed yesterday as follow-up orders needed to sustain the early optimism dried up, dealers said. "Things looked better in the morning and we saw some buying interest from Switzerland and the UK," said a trader, noting Tuesday's Wall Street surge to
        324 words
      • Article
        BRUSSELS
        199 22 THE BRUSSELS stock exchange confirmed trading in Belgian shares was halted for the day at 1005 GMT yesterday following a fire in the exchange's computer room. A stock exchange spokeswoman could not say whether trading would resume on Thursday. Before trading was halted, stock prices continued their two-day rally
        199 words
      • Article
        ZURICH
        339 22 SWISS SHARES traded higher in heavy volume at midsession yesterday, despite slight profit-taking towards the end of the morning Dealers reported strong foreign demand with most Swiss institutional investors still on the sidelines. However, a senior trader at Swiss Bank Corp (SBC) said some Swiss investors were gradually moving
        339 words
      • Article
        PARIS
        218 22 FRENCH SHARE PRICES were slightly higher at midday yesterday but analysts said suggestions by President Mitterrand that he was considering a higher long-term capital gains tax had checked enthusiasm on the market. The CAC-40 index started at 2,135.07, up 11.98 points from Tuesday's close, but fell to 2,126.09 by
        218 words
      • Article
        AMSTERDAM
        251 22 TUESDAY'S surge on Wall Street helped propel the Amsterdam stock exchange to a 1990 high at midsession yesterday, but traders described share volume as moderate. At 1145 GMT, the CBS all-share index had firmed 0.7 points to 120.7 after hitting a new 1990 high of 120.9 earlier in the
        251 words
      • Article
        Lock icon MILAN
        231 22 Reuter STRONG BUYING by Italian institutions and foreign investors, encouraged by rises on stock markets elsewhere, drove up the prices of Italian shares and lifted the local index to a high for the year yesterday, brokers said. Although Montedison was particularly strong, the demand was felt in all sectors
        Reuter  -  231 words
      • Article
        Untitled
        528 22 May 29 Close Previous NEW YORK Dow Jones 2,***** *****2 49.57 NYSE Financial 147.14 145.83 +1.31 SAP 500 360.65 354.58 +6.07 Turnover (million) 137.4 120.3 +17.1 LONDON Financial Times 30 1823.3 1800.00 23.3 FTSF. 100 2295.6 2265 60 +30.0 Turnover (million) 328 384 -56.0 AMSTERDAM CBS General 198 20 197.30
        528 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Sterling opens higher ahead of speech by UK chancellor
      1222 23 FOREX MARKET REPORTS STERLING yesterday opened sharply higher in London amid speculation that UK Chancellor of the Exchequer John Major was due to make further encouraging comments about the pound's entry into the European Community exchange rate mechanism (ERM). Mr Major
      1,222 words
    • Article
      Lock icon Yen's depreciation may be technical: Brady
      230 23 Reuter THE yen's prolonged period of depreciation against major currencies may reflect a technical and self-righting situation associated with weakness in the Japanese stock market, US Treasury Secretary Nicholas Brady said. Speaking to the American Chamber of Commerce, Mr Brady noted that some observers
      Reuter  -  230 words
    • Article
      Lock icon BOJ still monitoring rates effect
      96 23 Reuter BANK of Japan (BOJ) Governor Yasushi Mieno said the Japanese central bank is still monitoring the effect on the economy of the past four increases in the discount rate. Mr Mieno also told a news conference that more time is needed to be able
      Reuter  -  96 words
    • Article
      Lock icon Thailand plans NY bond issue
      121 23 Reuter THAILAND plans to issue about US$9BO million worth of yen and US dollar denominated bonds in New York between July and December, Thai Finance Ministry sources said. c They said the five-year, floating rate bonds, with coupons of about 1/8 percentage point under London
      Reuter  -  121 words
    • Article
      FINANCIAL FUTURES
      1435 23 SIMEX Open High Lw Sett Est Vol Vol Jun 90 91.61 9L61 91.60 91.60 423 ***** %F Sep 90 91.55 91.57 91.55 91 56 4489 ***** 3337 Dec 90 91.42 91.45 91.42 91.44 1183 4229 460 Mar 91 91.30 91.30 91.27 91.29 437 647 78 Jun 91 91.12B
      1,435 words
    • Article
      INTERBANK FOREX RATES
      392 23 Cross rates May 30 USS SS MS Dm Yen SFr AS NZS USS 1.8475 2.7015 1.6735 150.80 0.5891 1.4115 1.2987 1.7406 S$ 0.5413 1.4622 0.9058 0.8162 0.3189 0.7640 0.7030 0.9422 MS 0.3702 68.39 0.6195 0.5582 0.2181 0.5225 0.4807 0.6443 Dm 0.5976 1.1040 1.6143 90.11 0.3520 0.8434 0.7760
      392 words
    • Article
      MONEY MARKET
      568 23 Interbank rates S$ Bid Offer Overnight 5 3/4 5 7/8 1-month 8 1/8 8 1/4 2-month 7 IS/16 8 1/16 3-month 7 15/16 8 1/16 mode: 6-3/8 USS Bid Offer 7 days 8 3/16 8 5/16 1 month 8 1/4 8 3/8 2 months 8 1/4 8 3/8
      568 words
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  • COMMODITIES
    • Article
      Lock icon Thai government changes rice export policy
      339 24 Reuter THE THAI Commerce Ministry won cabinet approval of its plan to start selling medium and low-grade rice to foreign private buyers as part of its efforts to reduce high government stocks. A cabinet spokesman said the government will set aside a special budget
      Reuter  -  339 words
    • Article
      Lock icon African Development Bank urges Africa to boost exports
      352 24 Reuter AFRICA must boost its raw material exports and risk forcing depressed world commodity prices still lower to claw its way out of economic crisis, a new African Development Bank (ADB) report says. The African Development Report 1990, presented at the ADB's
      Reuter  -  352 words
    • Article
      Gold closes easier on stop-loss selling
      846 24 REPORTS HONGKONG: GOLD closed easier in thin, quiet trade on stop-loss selling which offset earlier Swiss and local speculative and physical buying, dealers said. Bullion fell to U*****.70/U*****.20 from U*****.75/US$ 367.25 in New York on Tuesday. Dealers said they expect it to keep to
      846 words
  • Article
    PRICES
    1436 24 Rubber May 30 IAS (>»* bl S cents/kg Noon Close Inl I KSS Prompt 156.25/157.25N 156.25/157.25N Inl I RSS June 90 158.00/158.50 158.00/158 50 Inl I KSS July 159.75/160.25 I59.7VI60.25N Inl 2 RSS OP 152.50/154 50N 152 50/154 SON Inl 3 KSS OP 147.00/149 00N I47 00/I49 00N Inl
    1,436 words
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      602 24 NOTICES THE COMPANIES ACT, CHAPTER 50 Section 290(2) (b) NOTICE OF RESOLUTION AMARO SHIPPING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Amaro Shipping Pte Ltd held at Baltic Exchange Chamber*, 24/28 St Mary, England on the 28th day of May 1990, the following special resolutions
      602 words
    • Advertisement
      Page 24 Advertisements Column 2
      732 24 THE COMPANIES ACT, CHAPTER 50 Section 290(2) (b) NOTICE OF RESOLUTION MILL TANK SHIPPING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Mill Tank Shipping Pte Ltd held at Baltic Exchange Chambers, 24/28 St Mary. England on the 28th day of May 1990, the following special
      732 words
    • Advertisement
      Page 24 Advertisements Column 3
      15 24 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
Page thumbnail Page 25
  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      999 25 Ctty FH* ETA F1«M ETD AtaDfcaM GA887 1225 KL840 2115 GA975 1300 GA894 2350 KL839 1415 SQ228 2015 UF82 2200 QF81 2045 hm%t»r4am SQ23 0720 KL840 2115 GA975 1300 SQ24 2200 KL839 1415 GA894 2350 Mmm 0A472 0050 lackland I BAM 1455 SQ325 2045 QF5 2230
      999 words
    • Article, Illustration
      A potpourri of races and cultures
      641 25  -  LETTER FROM HAVANA By Pascal Fletcher THE CRACK of bat hitting ball resounds across a narrow, centuries-old street dappled with sunlight as youngsters play baseball against the backdrop of a sparkling blue sea. Vintage cars pre-1959 Studebakers, Oldsmobiles and Chevrolets, patched and painted a
      641 words
    • Article
      MONEY CHANGER RATES
      150 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4200 1.4400 Canadian dollar 1.3510 1-5710 NZ dollar ***** 1.1090 Sterling pound 3.1280 3.1480 US dollar 1.8430 1.8530 Local dollars to 100 units of foreign cvrtwy Austrian schilling Belgian franc
      150 words
    • Article
      WORLD TRADE EXHIBITIONS
      189 25 Duration Title Venue OipMKr Tej Duration Title Venue Onmiier Td Jun 1-4 International Italy EA Fiera (39)2/***** Jun 11-16 International France Comite Des (33)1/*****001 Exhibition Internationale Plastics Exh Expositions De of Gift Arti M ilano Intl des. Fancy E*h Goods Items Jun 11-16 International Yogoslavia Zagrebacki (31)41/311-666
      189 words
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      48 25 I ho pcr>on > vhma- curv f "g I f I hur\tla\. s.nur.l ami Vinlu. leaving h-ingi I I IK /\l —_-K W Vrport it hourN mil irrmni: tVH ire M 1M X. A Intcrnitixn.il Vrport the ti>llouing it.iv A Hi; I vi H <ii Ki:i-:>H An: Air Canada
      48 words
    • Advertisement
      Page 25 Advertisements Column 2
      221 25 4* A/Vi 0 \J I J Add to the great memories of your life. Fantasy Cruises TIT' er a c lo<ce of most beautiful yachts for charter We w' listen and respond to your every requirement The choice of a business conference, a theme party or just M a romantic
      221 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      208 25 1 Hairdressing provided in w LJ—Li— 9 All policemen sustained, 10 City shrouded in mystery ZJBI— Jit— competition submarine, manoeuvr- 23 Gates opened around forbones (5) 27 Profit reported and de- 1 nied (8) 28 OK to turn levers unravellJJSii) tWo lo Ped b W? 8 Investment in college (11)
      208 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      209 25 Singapore Out took: Showers ow sewal areas in the morning. ReportMax temp. 32.TC Assoc humidity 67% Min temp. 25.8* C Assoc humidity 97% Hrs of sunshine 8.35 Rainfall in mm 1.0 Rainfall this mth 176.2 Rainy days this mth II World forecast Asia-Pacific Hi/Lo* Cond. Auckland 17/12 Showers Bangkok 33/26
      209 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      36 25 ~7[ don't kmou) u>My rue A ruop>vs thought N Tax Me thatA tw*ig KeePs ccro+i& scps߀£.rows ujcrc. i fe HCgg. P»6P»IM.. J V6RCKTO VOO J I SUPPOSED Tp RgQfTe^J o EVEMMG STANDARD CO. LTD.. IM2-IMO SMI
      36 words
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  • Article, Illustration
    Singapore must be measured on its own standards
    481 26  -  From Margaret Thomas in LONDON SINGAPORE must grow out of the view that it needs the approval of Britain or the other white Commonwealth countries, Prime Minister Lee Kuan Yew said. "We have to be measured on our standards, and on world
    481 words
  • Article, Illustration
    PM commends Thatcher's leadership
    288 26 IF HE had been a Britisher, he would probably have migrated. Prime Minister Lee told Singapore journalists yesterday. "I would not be able to take this kind of society because it does not reward the enterprising and the hardworking. This society has, over the last 45
    288 words
  • Article
    PM Lee on S'pore media in five to 10 years
    205 26 IN FIVE to 10 years, Singapore may well see as diverse a media as there is in Britain, Prime Minister Lee Kuan Yew said in London yesterday. Mr Lee said he had given so many interviews to the British media
    205 words
  • Article
    SIA gets right to operate freighter services to India
    278 26 SINGAPORE Airlines (SIA) has been granted permission to operate freight services between Singapore and India to cope with increasing demand for air cargo capacity between the two countries. Under an agreement, SIA and designated Indian airline (or airlines) will be allowed
    278 words
  • Article, Illustration
    Dish out premium pay, but on a more flexible basis
    791 26  -  The Bottom Line PETER LEE PETER LEE Peter Lee runs his own consulting company, Peter Lee and Associates, and specialises in remuneration and related assignments. THE NEW NWC guideline of built-in increases not exceeding productivity growth is generally well received
    791 words
  • Article
    Lock icon M'sia, Thailand oil pact ends dispute
    222 26 Reuter MALAYSIA and Thailand ended more than a decade of squabbles yesterday with an agreement allowing joint exploitation of oil and gas deposits worth billions of dollars. Malaysian Foreign Minister Datuk Abu Hassan Omar and Thai Foreign Minister Siddhi Savetsila signed the pact in
    Reuter  -  222 words
  • Article
    Lock icon Pulp company plans biggest listing on JSE
    175 26 AFP PT INDAH KIAT Pulp and Paper Corp, an IndonesiaTaiwan joint venture, will float 60 million shares in the biggest listing ever on the Jakarta Stock Exchange (JSE), the company said yesterday. Some 95 per cent of the 636 billion rupiah (US$347 million)
    AFP  -  175 words
  • Article
    Lock icon Bank created to help revive E Europe
    184 26 NYT AFTER MONTHS of fighting over where the bank should be located, who should head it and which countries should be able to receive loans from it, representatives of 40 nations on Tuesday signed a treaty In Paris to establish the European Bank
    NYT  -  184 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      81 26 (SAZChh) (ienuine l eather Collection fni. (3ERRUTIIBBIITUM39 MEN S BOUTIQUES 83UQITUOa B'WHM #01-15 The Paragon, Orchard Road Tel: 255 %55 #02-54/60 Wisma Atria, Orchard Road Tel: 7W 9560 #01-45 Forum Gallena, Orchard Road Tel: 755 1882 LADIES' BOUTIQUE 3UQITUC)H 'BHJGAJ #02-61 Wisma Atria, Orchard Road Tel: 75) 1886 Cerruti 1881
      81 words
    • Advertisement
      Page 26 Advertisements Column 2
      37 26 SAcrim) (nnnine Leather Colleetioii EVERYTHING YOU NEED IN A LUXURIOUS OFFICE for the price of a room! Complete facilities telex, fax, copier word processing, secretarial services conference room, answering service, long snort term lease.. you name it!
      37 words
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  • SHIPPING TIMES
    • Article, Illustration
      S'pore Telecom to introduce new cheaper portable phones
      415 27  -  By Teh Hooi Ling SINGAPORE TELECOM will be introducing a new breed of cheaper portable phones which can only be used for one-way dialling. While the exact cost of such phones is not known, UK-based telecommunications firm GPT said similar handsets each
      415 words
    • Article
      Manila speeds up construction work at ports
      248 27  -  From Al O Labita Jr in MANILA MANILA OFFICIALS are speeding up construction work at the Philippines' international ports in anticipation of the "spill-over effects" of Hongkong's return to Chinese sovereignty in 1997. The proposed expansion of ports at the cities of Cebu
      248 words
    • Article
      Lock icon Good response to PIA share offer
      355 27 Reuter THE PAKISTANI government says its first offer in a drive to sell off state-owned enterprises, such as Pakistan International Airlines (PIA), has been a great success, encouraging it to make more offers. State Finance Minister Ihsanul Haq Piracha told a news conference in
      Reuter  -  355 words
    • Article
      Cosco boosting presence in trans-Pacific trade
      411 27  -  By I A J Leow CHINA OCEAN Shipping Company (Cosco) is boosting its presence in the trans-Pa-cific trade, with a new feeder service calling Singapore and nearly tripling its capacity on the Hongkong-US leg. Prospects for the new services are "still promising" as the
      411 words
    • Article
      Lock icon Indian telecoms engineers end strike
      117 27 AFP INDIAN telecoms engineers ended a six-day-old nationwide strike on Tuesday that had provoked chaos to local communication services and affected most international links. The "work to rule" strike by 30,000 junior telecoms engineers was called off follow- ing assurances by the government that it
      AFP  -  117 words
    • Article
      Air disputes cost Queensland A$473m
      172 27 AVIATION disputes cost the Queensland economy some A 5473.4 million last year, said a study commissioned by the Queensland Tourist and Travel Corporation (QTTC). The figure represents the estimated total cost in terms of direct, indirect and induced expenditure from Aug 23, 1989, when the
      172 words
    • Article
      Indonesian charter plane company to offer jet flights
      260 27 PT NATIONAL Air Charter, a very low profile name in the air transportation business, will soon start charter flights with jet planes. National Air president Dicky Turner said in Jakarta last Friday that his company had ordered three British Aerospace BAe 146
      260 words
    • Article
      Lock icon Study shows extensive EC ship flagging out
      171 27 Reuter AN ANALYSIS of European Community merchant fleets shows that as much as a quarter of the world's ships in 1989/90 were ECcontrolled or owned, although the combined EC na-tional-flagged fleets represented just 14.7 percent of world shipping. The study by Lloyd's Register
      Reuter  -  171 words
    • NEWS SUMMARY
      • Article
        Air NZ aims to be one off the top 20 carriers
        39 27 AIR New Zealand, now privatised, intends to be one of the top 20 passenger carriers in the world by 2000, according to Chief Executive Jim Scott Page 2
        39 words
      • Article
        Brazilian strike not likely to be serious
        53 27 AN eight-day national port strike called by union leaders in Brazil for June 1 is unlikely to cause serious disruption to Brazilian coffee, cocoa, sugar, soy and orange juice exports as long as the workers do not stay out longer, traders and exporters
        53 words
      • Article
        Argentina moves up airline privatisation
        48 27 ARGENTINA'S programme to privatise state companies has been moved forward by nearly one month with the announcement on Tuesday that the Aerolineas Argentinas airline will be turned over to private hands on July 10 instead of Aug 4 as originally planned Back Page
        48 words
      • Article
        AMR in talks to buy shuttle
        38 27 AMR Corp, parent of the largest US airline, is in talks with Pan Am Corp about buying the Pan Am Shuttle, said an industry source who declined to be identified. Back Page
        38 words
    • LOG BOOK
      • Article
        S Telecom offers ISDN Packet Data Service
        89 28 SINGAPORE TELECOM is now offering an ISDN Packet Data Service, which allows ISDN users to interwork with the packet switched data network. Users can make both local and international packet-switched data calls using either the B- or D-channel packet switch communication mode. Besides
        89 words
      • Article
        Dutch-Danish joint venture
        65 28 DUTCH TRADING, transport and technology group In-ternatio-Mueller NV has reached agreement with Danish Soren TLyngso A/S to form a joint venture under the name of Lyngso-Nettenbouw BV. No financial details of the deal were given. The new company would manufacture computer processing systems for electricity, natural gas
        65 words
      • Article
        Spain unwilling to close yards
        89 28 THE SPANISH GOVERNMENT wi|l resist any European Community proposal to close any of its 45 shipyards under a programme to restructure the shipbuilding industry. "The government is not considering the possibility of closing any shipyard," Fernando Panizo, under-secretary at the Industry Ministry, told a Congress
        89 words
      • Article
        Mexico to get telecoms loan
        59 28 MEXICO will get US$4O2 million from the World Bank to boost private investment on its road and telecommunications systems. A US$3BO million loan would help deregulate road transport and increase private participation in telecommunications, a World Bank press release said on Tuesday. An additional US$22
        59 words
      • Article
        Concorde offer for summer
        93 28 UAL CORP's United Airlines and British Airways pic are offering round-trip Concorde travel to London this summer at first-class fares for passengers connecting at New York and Washington DC from certain United destinations in the US. Passengers are eligible if they purchase a round-trip ticket and
        93 words
      • Article
        Decision on merger dispute
        58 28 FEDERAL EXPRESS CORP says an arbitrator has issued a final decision in the pilot seniority merger arbitration between Federal Express and Tiger International. Federal, which acquired Tiger last year, said on Tuesday that the arbitrator's decision would permit the company to integrate the two pilot groups
        58 words
    • Article, Illustration
      Lock icon Air NZ spreading its wings
      752 28 Reuter AIR NEW ZEALAND, now privatised, intends to be one of the top 20 passenger carriers in the world by the year 2000, according to chief executive Jim Scott. "For the first 50 years it was the airline for New Zealanders, owned by New Zealanders.
      Reuter  -  752 words
    • Article
      Lock icon WEEKLY FREIGHTS
      719 28 AFP AFTER a steady start, freight rates suffered a setback over the past week, as enquiry was reduced by several holidays in Europe, traders said. The Biffex (Baltic International Freight Futures Exchange) index ended just two points up on the week at 1,313 points. Firmer conditions for North
      AFP  -  719 words
    • Article
      COCKETT BUNKER MARKET REPORT
      828 28 THIS twice weekly report, compiled by Cockett Manne Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      828 words
    • Article
      THE SHIPPING GUIDE
      12454 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
      12,454 words
    • Article
      SHIPPING AGENTS
      3360 41 Containerline NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Shpg: Accord Shpg Pte Ud (SyAccord Contr Line (M) Sdn Bhd (PKyAccord Contr Line (PG) Sdn Bhd (PN). Adkrts Business Corporation Philippine: Calsource Shpg Trdg Pte Ud (S) Ahrtakiel Uner Service: Kim Shpg Trdg(S). Albatroa
      3,360 words
    • Article
      COURIER SERVICES
      212 41 Abacus Couriers Td: 545-8011.448-6415. Air Express Scnin Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. City-Uak International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A Services Tel: 296-5720. DHL International Tel: 344-891 l.Fax: *****61. DPE C ourier Tel: 284-6611 (7 lines). Fax: *****88 Emery
      212 words
    • Article
      AIR FORWARDERS
      1463 41 Abex Express Freight Tel: 542-7171. Fax *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Actfvair Singapore Tel: 542-7822. Fax: *****20. Aerolink KG Freight International Tel. 545-5992 Atroswfd Tel: 542-591 l.Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50 Air Market
      1,463 words
    • Article
      PORT CONDITIONS
      2443 42 mmw-n I, r r•• AUSTRALIA I South Australia-Adelaide: Two S vessels inport of which one loading bulk pellets, one loading bulk > wheat. 1 Ardrossan: One vessel loading bulk barley. t Port Lincoln: One vessel discharging bulk phosphate. < I hevenard: One vessel loading bulk barley. Western Australia-Albany:
      2,443 words
    • Article
      SHIP SALES & TANKER RATES
      534 42 SHIP SALES TANKER RATES VESSELS SOLO FOR FURTHER TRADING Bulk carrier Trentwood: 129,480 dwt and built in 1972, sold for U5510.75 million. Fermita and Tamarita: both of 29.168 dwt and built in 1976, reported to have been sold to a Norwegian buyer at about US$7.l million each. Andreas P: 27,046
      534 words
    • Article
      AIR FREIGHT SCHEDULE
      513 42 ARRIVALS DEPARTURES Op Might Type ETA From Op FUfht Type ETD To TODAY TOOAY KAL KE697 B747F 0155 SEL KAL KE697 B747F 0440 BKK •DLH LH/SQ4502 DC10F 1825 FRA/DXB SIA SQ/BA822 B747F 0700 DXB/LHR •SIA SQ/LH825 DCI0F 1825 FRA/DXB 'SIA SQ/LH826 DCIOF 2025 DXB/FRA NCA KZ203 B747F
      513 words
    • Article
      CRUISE & FERRY SCHEDULES
      416 42 CRUISE FERRY SCHEDULES CRUISE SHIPS AfT I H p Name of Vessel ETA ETD Port Agent Pom of Calb JUNE 05 05 Ocean Pearl 0700 1600 Reefer Lines Sin-Kelang-Brunei-Cebu-Manila-Corregidor-H K 06 06 Andaman Princess 0800 1700 Andaman Cruise Cruise to nowhere 07 07 Andaman Princess 1300 1700 Andaman Cruise Cruise
      416 words
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        AT CONVENTIONAL WHARVES
        472 43 VkmI voy No Berth VtwjI Otpartot Ve»d Voy No Berth Arrival Departue (4 uu*,.rw« Kran) 635W P3W atongsrie 30 05/1700 JJT *33 atoned 0306/0900 Linggariab 08/90 P2B alongside 30.05/1800 5?L iT K36 JS 0206/0800 Nha Traog 6 12 P2C alongsrfe 3005/1600 c u- cr <p\ n?q 0306/1800
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        CONTAINER SCHEDULE
        1289 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Transtamer Sdwddn Stjj Voy No Hit Date Tine From To Booking Gate ft ty Gc* Aka Bhum 22S 01.06.90 0700 31/1430 31/1529 Portnet 2 A2 00 F05 31/2115 31/2214 Doc Rm 2 Anro Melbour ***** 31.05 90 2300 31/0700 31/0759
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        IN MALAYSIAN PORTS
        325 43 Port Wang South Port Soon Hoe bertti 1; Petro Vantage berth 1; Bunga Sepang berth 2; Champion Venture I berth 2; Capetan Michalis berth 3; Kin Line No 1 berth 4; New Man Hing berth 7; Meiaka Jaya HI berth 7A. KCT: Anson berth 8; Nthon berth
        325 words
    • Article
      DAILY FREIGHTS
      1029 43 DRY CARGO freight futures on Tuesday closed stable to marginally lower after quiet trading on the Baltic International Freight Futures Exchange (Biffex). Near July pared earlier losses, but still ended 19 points down on Friday's settlement at 1,086. Other positions closed between 20 lower and Five higher. A
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      Lock icon Planned strike in Brazil not likely to seriously disrupt exports
      452 44 Reuter AN EIGHT-DAY national port strike called by union leaders in Brazil for June 1 is unlikely to cause serious disruption to the country's coffee, cocoa, sugar, soy and orange juice exports as long as the workers do not stay
      Reuter  -  452 words
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      Lock icon ITI new chairman sees improvement in earnings
      268 44 Reuter INTERNATIONAL Telecharge Inc's newly appointed chairman and chief executive Allan L Rayfield said he expects a profitable second quarter and an improvement in earnings and revenues this year. "We expect to get the company back on a growth curve this year," Mr
      Reuter  -  268 words
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      Lock icon Argentina moves up privatisation of airline
      292 44 Reuter ARGENTINA'S programme to privatise state companies has been moved forward by nearly one month with the announcement on Tuesday that the Aerolineas Argentinas airline will be turned over to private hands on July 10 instead of Aug 4 as originally planned. A Public
      Reuter  -  292 words
    • Article
      Lock icon Derailed train causes oil spill
      143 44 AP A FREIGHT TRAIN derailed near Fairbanks in Alaska on Monday, spilling more than 379,000 litres of jet and diesel fuel. The southbound train with more than 50 cars derailed about 64 km south of Fairbanks, said Arnold Polanchek, vice-president of operations for the state-owned
      AP  -  143 words
    • Article
      Lock icon AMR in talks with Pan Am to buy shuttle
      308 44 Reuter AMR CORP, parent of the largest US airline, is in talks with Pan Am Corp about buying the Pan Am Shuttle, said an industry source who declined to be identified. Two weeks ago, Pan Am Corp announced it was considering
      Reuter  -  308 words
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      74 27 SSWEE HENG METAL CO PTE LTD No 13, Tuas Avenue 14, S"PORE 2263 FAX 861-2946 TEL: 861 -5855 (5 LINES) TLX RS ***** SHMCPL Soto Ag#m Ais c buy sell I rental A repair ANNOUNCEMENT SINGAPORE Buy a copy of Business Times on 5 June and get a copy of
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      Page 27 Advertisements Column 2
      54 27 fcr Forwarders 15 fcr Fraght Schedule 16 Codiett bunker report 2 Container Schedule 17 Courier Serwces 15 Craee Ferry schedules 16 (My Fronts 17 Inda to Advertisers 3 Pod Contains 16 ShwncAferto 15 Shppmg Gwdi 10,11 Slipsales/Tanker Rates 16 Shps m Port 17 Singapore Tries 17 Weather and Sea Conditions
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      2242 29 %mll»# 200 Cantonment Road #12 05 Southpwnt. Singapore 0208 All Ify Tel *****11 telex no rs 24m IflllllH TERMINAL.CFS Tat *****18 220 jIF 1 T DQQQQ *1 BOOKINGS T«I *****34 235 VA*# M pfSAKA JAROINE SHIPPING AGENCIES SON BHD MiM PORT KELANG TEL: *****18 TELE) MAM 477' ,PENANG TEL *****4
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      Page 29 Advertisements Column 2
      975 29 INDEX Tj^WRfISRS Page Col P* Col I A ~1 I M~ I ABC Containerline 13 5 Mac-Ncls Agcncies 14 1/2 Accord Shpg 8 3-5 Macolinc 14 1/2 Albatros Sea-Air 14 5 MMaerskLine 3 4/5 APC Line 14 4 *MISC 14 1-3 APL 5 3-5 M'sia Shpg Corp 9 1/2 Arrow
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      Page 29 Advertisements Column 3
      2151 29 VMM* Voy ETA I ETO "Port 'Penang DESTINATIONS Singapore Kelang Tfcn »M> Uiimlh. M 9002 F««W by CY vd o*oo mrs m Fareo M HiM HI^H CfS 1800 MRS w Tauro OAK LOB HCXJ MEM ATL MIA CHS BAL PML WYC MON TOW MAJESTIC M 9002 I S/6 M 31/5
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      Page 30 Advertisements Column 1
      1143 30 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE TOKIO EXPRESS 90/562 31/5 2S/6 19/8 22/6 IU/6 25/6 STAR LORRAINE 01/566 6/6 1/7 5/7 3/7 HAMBURG EXPRESS 96/565 7/6 2/7 26/6 29/6 25/6 1/7 ALASKA MARU 11/569 8/6 27/6 29/6 1/7 2/7 4/7 KOWLOON BAY 95/568
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      Page 30 Advertisements Column 2
      602 30 SOUTH PACIFIC SERVICE SIN PO# SUV PPT ISLA FLOREANA 4/6 11/6 21/6 28/6 DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 4/6 11/7 15/7 12/7 Also accepting Cargo to Callao (Peru) via Valpa Aoant*-SINGAPORE: *****56 Agama. BOOKINGS: *****08 S. JAY A: 03-*****25 JOHORE: 07-*****2 A 04-*****7 ZRTHBOUNOTO UKC [STORE
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      Page 30 Advertisements Column 3
      1408 30 ws9m9m&BM& &xmm ■■ImH REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE 5 vslSoy sin cm ALG BCL fel ham bre rot ANT LHA I (VIA (VIA (VIA ALB) HAM) ROT) NORASIA PEARL 9013-3 01/06 05/06 23/06 25/06 2706 29/06 »/06 01/07 02/07 03/07 NORASIA PRINCESS 9014-3 09/06 13/06 30/06 02£7
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      Page 31 Advertisements Column 1
      1635 31 Steamers Maritime Holdings Ltd I>Jfc-fl fITIV STRAITS SHIPPING L OCU C- 3 m—jiri it BfMti East Malaysia. Containers Voy No P Klang Spof• S ton H'burg B'fuvtnß dwn Lth ACCEPTS OUE SAILS TOR 10 EXPRESS »5U »AIA»S 31.05 OK* IMS 21,« lit* 2i/» CARGO S. Lorraine 01SM 0W» Oi/W OW
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      Page 31 Advertisements Column 2
      1668 31 TO: EUROPE TQ: FAR EAST CD 111 onM HAM B HVN FLX SPORE HK KAO ROB 8U uiHiiN niKHNDim* 1/6 21 /t 22/6 23# 2VS K* HANJIN TONGMAE 073E 4/» 7/6 l/t 11/« 1M 5 5 *7 V HANJIN ROTTERDAM OOK 11/4 14/» 1* 1W 21J 23/t lIP 12/7 W
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      Page 31 Advertisements Column 3
      365 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL AMBALIKA CHAMPION TANJUNG ASEAN TRADER EMAS TRADER VOY NO 55 9 8 2 S pore In Pt 3/6 2/6 5/6 P. Kelang 2/6 1/6 5/6 7/6 Penang Hong Kong Yokohama 30/6 Nagoya 25/6 29/6 23/6 Osaka 17/6 Senboku 15/6 25/6
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      Page 32 Advertisements Column 1
      638 32 W DJASAGETRI A Joint Europe Sorviw Ot: M. NM«n hot r.T. ksum nam P.T. IMMKM imonesm rx TRIKORA LLOYD CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE VSL/VOY S PORE R OAM/ H BURG BREMEN ANTWERP ADAM U. BONTANG/21NB 2S-29/6 26/7 »/7 lit 2/t SRIWIJAVAVnWB 10 13/7 l/l 12/1 lM 20/1 KUTAI/V2OWB
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      Page 32 Advertisements Column 2
      742 32 SHIPPING Vy FULL CONTAINER SERVICE 1-7 1, Jh li ku,, Rhj van Fitow* FEEDER VSL SIN LINE HAUL LAX OAK ——mm*. TEST'S t> KBA >$ IBSA S! >8 $> «5 c»,»«»»*.«« win HANJIN ROTTERDAM OOIW 30/t li/7 I*7 W 22,7 zi,l WB T/S AT PUSAN rrri y M hluM Rob,
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      Page 32 Advertisements Column 3
      1389 32 j -I -Trl I d I ML SGP HKC KSC KLC PUS WT«m»«llW*s"" f lj| l 2S| EVER GUARD 4/6 S#«IUl»l»ll|l*M8»Dff J* EVER BANT 11/4 12/* 20/4 11/1 22/6 2*l 27* 2* 2/7 VP gj 'jf «J "J SnSnS i s s n n S a 8 3 s I
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      Page 33 Advertisements Column 1
      1445 33 i i NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE *****19 AUST/INDIA/PAK SERVICE *****18 USA SERVICE *****16 MH FAR EAST *****48 DOCUMENTATION: *****44/*****14 TERMINAL- *****22 CFS: M 2 IMPORT: *****69/*****50 21 oun uAi iyc,i EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA nTO-EUNOPE —uH I VIA SUlaftl
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      Page 33 Advertisements Column 2
      878 33 m snsov 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 I LOADING FOR WESTBOUND VOTAg ISPOW UAMUAUAO*: VOTACt STORE FWAWC HtOW SHAWM THRURT ROTT «TWf V TOVSTTKM Si—
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      Page 34 Advertisements Column 1
      1038 34 I nfflSQ] VOY *INDO 'PK/PNG SGP LB CHLS NFK NYC HFX 20 28/5 29/5 31/5 23/6 3/7 5/7 7/7 UP I RAINBOW BRIDGE 24 4/6 5/6 7/6 30/6 10/7 12/7 14£ IJ7 I 31 116 12/6 14/6 7/7 17/7 W 21J 25£ I SoCL FAITH 20 18/6 19/6 [n/6 14/7
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      Page 34 Advertisements Column 2
      549 34 -Til PIB ~l BOOKING CONTACT CATHERINE SJSw" 1 J^| lJL PORT KEIAN< T. PSNANC BANGKOK JACQUELINE J BOOKING. CONTACT -WW! B°"aJ HOWCKOWG /g p»va KAOH SIUNG KEELUWC J TWICE/WKLY ~M M Ave "I BOOKING. CONTACT fe. («WYS) I OUSAN NAGOYA SERENE/SITI TWICE/WKLY ROOKING CONTACT f"""" ~,W f"" W I. """L
      549 words
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      Page 34 Advertisements Column 3
      329 34 Continental Pacific Shipping r J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK 10AD4NC FOR ARBELA SM In Pt W SETEyROM/ANTfFIU/UK MARYLI 4/* W RDH/ANT/aUfUK CRYSTAL 8 10* STTURDtIiANT/RU/UK load* Sabah/lndomsia MULTIPORT AGENCIES (S) ®PTE. LTD. TEL: *****77 FAX: 225M91 P K. MULTIPORT SON BHD. TEL: Ntaat TLX: MA
      329 words
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      Page 34 Advertisements Column 4
      514 34 vaumcn urn: tVTNI GUAN GUAN SHIPPING T(>sLsy<\ (PTE) LTD ..-VL. ->1 a, Talofc A*or Stroot SINGAPORE 0104 1 TEL aim (10 LINES) Far *****04 (CM No MI29SSHMT) STRAITS/PERSIAN GULF SERVICE P.Mmi PW** GOLDEN HAH VIST Cotanta/Karach/OulM VfU ium GOLDEN WONOER Catomba/KmdH/Dytai 24/K Ju«* gnwAwmnqi TU 01NC Huangpu/Stanfhai I*l4 Jun* DAI
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      Page 35 Advertisements Column 1
      1307 35 PACIFIC INTERNATIONAL LINES (PTE) LTD /J Jv MV P,L Building, 140 Cecil Street *0300, Singapore 0106. I l VESSEL VOY SIM JKT SIN VESSEL WOV SIN BKK SIN DELTA MAS 157S 3* 5* 10* PEGASUS PROGRESS tISN a/S 0* EDEN «01« W W I*l KOTA SINGA UN I* J*! !52
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      Page 35 Advertisements Column 2
      1010 35 r BEN line containers ltd 200 Cantonment Road Tel: *****22 #13-05 Southpoint IA«A Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VQY SPORE PKLANG SHAMPTON HAMBURG B HAVEN RDAM LHAVRE Tokio Express* 93/562 31/5 Via Lan 24/6 19/6 21/6 18/6 24/6 Star Lorraine 01/566 6/6
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      Page 35 Advertisements Column 3
      305 35 M MYANMA FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang Pw Bkok PINYA Vllo* 31 MAY MYOMA YWA VI2BW 4/t JUN 2/3 JUN 31 MAYA JO* HPA-AN VISOW 3/S JUN PATHEIN VIO2W 22/ti HAY 30/31 MAY PAGAN VIS7W VU JUN MERGUI V99W 11/14 JUN •DISCH ONLY
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      Page 38 Advertisements Column 1
      669 38 JUSH-I IliFS^ p INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO UNITED KINGDOM NORTH CONTINENT EUROPE j OUTBOUND SIN FIX BRE ROM ANT HBG RST 0. CROTCWOM. 4/» «/6 30« 304 2/7 5/7 TAIWAN SEN WM 124 5/7 4/7 7/7 *7 10/7 H. CCGICLSKI Ml 224 16/7 16/7 11/7 EUROPEAN
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      Page 38 Advertisements Column 2
      1214 38 A VESSEL 204 Rottartanj Antwerp china rou. COWTAPIMI mmyice V«wl PKI RB WOK IKK MS SHA QIN LTC SHANC CHENG 12» 21/5 23/5 27/5 4* U YANG FANG KOU 125 31/5 2*5 44 124 1(4 204 Accepting FCL Cirfo for all othw CMimm port, >11 ottwr citm in CuM«*M| mpmauuKiAW
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      Page 38 Advertisements Column 3
      412 38 SPORI PKL MB MK NIC BSN BUSAN GLORY VOOS 3 Jimi Itm U Jwi 1« JIM MALAYSIA GLORY V 005... 7 jun 5 Jun t inn U)M U Jwi HAI YINC MM 12 Jun U Jun 14 Jun a Jun H Jun OCEAN CROWN VW It Jun 17 Jun 77
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      Page 38 Advertisements Column 4
      561 38 POSEIDON CONTAINER TRANSPORT GMBH HAM3URG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS [AFGHANISTAN I: Hairaton, Tourghundi, Kabul, Herat, Mazar-I-Sharif, etc (IRAN i:Djulfa, Astara ETD SINGAPORE 5/6, 10/6, 17/6, 19/6, 2/7 E. EUROPE I:To all inland points: Poland, Bulgaria, Czech, Hungary, Romania USSR. Finland OTHER MAIN
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      Page 38 Advertisements Column 5
      525 38 ASEAN PORTS Nflow Hock Agenc Co l:fl BKK (Tel-'^23Bo^^^^ Ivam wy wi<wg mamf SIRI BHUM ¥9* Fri 1/1 M»n VI PIYA BHUM 227W Sun 3/S W«d «E MAMA BHUM UN W* W S»t MEKHAWIK KURAKO 12N »Nd t/t S«l SIRI BWUM 4SPN Fri M Moo 11/t JIRA BHUM* UN fri
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      Page 39 Advertisements Column 1
      1225 39 EXPRESS FEEDER SERVICE (Fully Containerised) VESSEL SIN CTG A VSL 3/6 7/6 A VSL 6/6 11/6 A VSL 14/6 19/6 (Conventional Service) ETA S PORE LOADING FOR BANGLAR MAYA 12/6 S. KOREA, JAPAN ETA S PORE LOADING FOR ALAM TEGUH In Pt Port Said/Port Suez/Alexandria ALL VESSELS ACCEPTING FCL CONTAINERS
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      Page 39 Advertisements Column 2
      650 39 a_U_P.T. MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG r AND. BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SlltVJCt VSL VOY SIN JKT
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      Page 39 Advertisements Column 3
      961 39 ITIM| BAY OF BENGAL SERVICES MADRAS CALCUTTA VUSEIS/VOY SIN MM SIN LEUVE 9125 10/6 14/6 2S/6 > I LEUVE 9126 25/6 29/6 11/7 LEUVE 9127 11/7 15/7 21/7 LEUVE 9128 28/7 01/8 12/8 VESSELS/VOY SIN CCU SIN JORGEN VESTA 03N90 07/6 14/6 21/6 JORGEN VESTA 04N90 21/6 28/6 05/7 JORGEN
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      Page 40 Advertisements Column 1
      1289 40 HAC-NELS SINGAPORE] wo»t tel mm* iwpowt tel misom TEL: (04) *****6 |KK TEL: (088) *****0 TAWAU TEL: (089) *****9 KELANG TEL: (03) *****771 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 ri\r/\- H J BAHRU TEL: (07) *****2 I SIBU TEL: (084 *****2 LABUAN TEL: (087) *****9 IV/ TEL (21)
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      Page 40 Advertisements Column 2
      397 40 ffgfc blue star line s,NGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER. WELLINGTON. BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON. INVERCARGIL. FIJI AND TAHITI SIN N PLY AOCK ITT MAHSURI 0574 I Jun 19 Jun Via NPI 21
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      Page 40 Advertisements Column 3
      932 40 /251 THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH Kim Iwr leti [kit utiia m I eti |«t KIM SOON LI 22/90E 2 JUN PENANG JENHOL 6/90E 2
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      436 43 TIDES AND WEATHER TODAY'S TIDES (li«*t in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0900 0900 *****100 1200 *****400 1500 1800 *****1001«0 2000 2100 2210 2300 n 17 1 5 2 8 2 8 2.6 2.3 1.9 1.4 10 0.8 0.7 0.7 0.9 1J 1.7 1.9 2.1
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      Page 44 Advertisements Column 1
      262 44 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL "fSSr 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 PALEMBANG P BAHRU JAMBI TBN 2-5/5 6-8/5
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      Page 44 Advertisements Column 2
      307 44 MERCHANT MARINE CO. LTDEASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKC SIN LALANDIA 32E 01/06 07/06 25/06 2(06 01/07 HYUNDAI COMMANDER 16W 30/04 03/05 06/05 24/05 31/05 HYUNDAI CHALLENGER 34E 08/06 14/06 02/07 05/07 08/07 HYUNDAI PIONEER 31W 07/05
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      Page 44 Advertisements Column 3
      517 44 CHARTPOINT Every Saturday in Business Times |FM*r tr- Ivor mclna |m» v«mi p5 sinllax loak nou oal am nor nyc OUR USA bunga kemumnc" vmi aft" alligator glory VaaT an aft" »ft~ ajT oftf TOT nJT a* SERVICE CALLS I BUNGA KEMUNING ¥MP W ALLIGATOR VICTORY lIIWIIHWKIIgII'VV*'*' CIW^APORF BUNGA KEMUNINC
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