The Business Times, 14 April 1988

Microfilm: NL16127
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, APRIL 14, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    213 1 AFP Dow Jones lower WALL STREET stocks (ell off steeply early yesterday after a slow early slide. The Dow 30 was off 21 at 2089, partly on profit-taking, brokers said. Declining issues led gainers by three-to-one. Reuter Footsie higher SHARES were firm in thin trading at mid-session
    AFP  -  213 words
  • Article, Illustration
    Bullish mood sweeps Asian markets
    227 1 A POST-CRASH high on Wall Street led the Hongkong and Australian stock markets to register their best prices since the Crash. Tokyo share prices also rallied to an all-time high. Following Wall Street's overnight 14-point jump, share prices in the Tokyo Stock Exchange closed at
    227 words
  • Article
    US$ continues to strengthen
    142 1 THE AMERICAN dollar continued to firm in early trading in the London foreign exchange market yesterday, ahead of a meeting of finance ministers from the Group of Seven industrialised nations and the release of the US trade figures for the month of March. The finance ministers
    142 words
  • Article
    City Dev embarks on $650m Raffles Place project
    624 1  -  By LEE HAN SHIH Property Correspondent AN AGREEMENT signed recently in Japan has committed the listed City Developments Ltd to its single biggest investment ever, a $650 million office project in Raffles Place. The deal will make CDL a major player in
    624 words
  • Article, Illustration
    STPB chairman warns of shortage of hotels
    451 1  -  THREE THOUSAND NEW HOTEL ROOMS NEEDED BY 1991 By LILY FERNANDEZ IT IS TIME TO START thinking about building more hotels, says the chairman of the Singapore Tourist Promotion Board. Nearly 3,000 new hotel rooms will be needed by 1991 if Singapore's tourist
    451 words
  • Article
    Hoteliers sceptical about need
    299 1 LOCAL hoteliers BT spoke to yesterday were sceptical about the Singapore Tourist Promotion Board's suggestion that about 3.000 new hotel rooms would be needed by 1991. They cautioned against an over-optimistic reading of the recent surge in the number of visitors to Singapore. At the opening
    299 words
  • Article
    We were in agreement — Lee on talks with Shultz
    445 1  - We were in agreement Lee on talks with Shultz By RICHARD SEAH in Washington TALKS with US Secretary of State George Shultz ran into extra time on Tuesday, after which Prime Minister Lee Kuan Yew told Singapore journalists: "It was a valuable one hour and 15 minutes. And we were
    445 words
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      162 1 1 oo Cassette Receiver K2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore: Phone *****33 Kuala Lumpur: Phone *****33 Ponang Phone *****5 *****1 Jakarta: Phone *****5 5-year Fixed Rate option available at 7!4% p a The comfortable long term commitment WHY HRST-TIME HOME BUYERS SHOULD LOOK FIRST TO OUB More
      162 words
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      Page 1 Advertisements Column 2
      300 1 %"$/:%||'.],`,%^+)'^___'}%$<-~' IT WILL TAKE MORE THAN occasional career talks at junior colleges to convince Singapore women that engineering is a field wide open to them. The stereotype images people have of engineers, of what are 'male' and 'female' jobs and roles in life must first be changed. And this effort
      300 words
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      Page 1 Advertisements Column 3
      57 1 Recovering from an oil slip THE TEXAN ECONOMY was derailed when oil prices plunged during the 1980s. Property values dropped, bankruptcies hit the banks and there is enough office space to house all Singapore's private and public sector offices with space to spare. But things are beginning to look up.
      57 words
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      Page 1 Advertisements Column 4
      214 1 Kodenstoch Quality before your eyes 1 fl THE TRANSFORMATION of Taiwan over the last 40 years has been awe-inspiring. But the economic miracle' can be easily explained: it was hard work. Now, the country is on the threshold of a new phase of development, single-mindedly set on joining the ranks
      214 words
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  • HOME NEWS
    • Article
      Full steam ahead for Vosper-QAF
      509 2  -  Things looking up for shipbuilder By MARTIN SOONG PUBLICLY-LISTED QAF may start to see a return soon on $2.25 million worth of warship designs salvaged after British shipbuilder Vosper sank two years ago. Vosper-QAF, the Bruneibacked group's naval technology subsidiary set up to market the
      509 words
    • Article
      Jardine unit joins Colliers chain
      242 2 THE FIGHT for rich Japanese companies to invest in foreign real estate has taken on a new twist with the recent teaming up of the Jardine group of HongKong and the Colliers chain of international property consultants. An announcement by Colliers Goh Tan in Singapore
      242 words
    • Article
      Defence exercise underway
      70 2 AN AIR DEFENCE exercise is going on in Malaysia and Singapore under the auspices of the Five Power Defence Arrangement. Armed forces from Malaysia. Singapore, Australia and New Zealand are taking part in the four-day exercise which ends tomorrow. Mindef says the participating units will include early
      70 words
    • Article
      Management game to get new software
      237 2 TEAMS taking part in this year's National Management Game will find the competition more exciting and realistic. ICL Singapore will provide a new software program which is an enhanced version of its simulated business activity model. The SIMBA 4, as the new programme is
      237 words
    • Article, Illustration
      Singapore ahead of schedule in developing computer manpower
      291 2 SINGAPORE will have 8,000 computer professionals by the middle of this year, a manpower target that had been set for 1990. At this rate, the pool of computer professionals will have expanded to 10,000 by 1990 Pointing this out yesterday, Or Tay
      291 words
    • Article
      Six names for Malay/Muslim businessman award
      146 2 SIX NOMINATIONS have been received for the Malay/Muslim Businessman of the Year 1988 Award, the first time such a competition has been organised. The winner will be named at the Singapore Malay Chamber of Commerce Hari Raya Aidilfitri dinner on May 28 at the
      146 words
    • Article
      Taiwanese trade exhibition at World Trade Centre
      128 2 THE WORLD Trade Centre will be the venue of a Taiwanese trade exhibition from today to Sunday. The fair is divided into five main categories machinery. electronics and electrical products, building materials, foodstuffs and gift items. Mr KC Low, Taiwan Sherick Corps assistant
      128 words
    • Article
      Jewellers in their glittery best at Basle show
      307 2 SINGAPORE jewellers have turned out in force for the Basle Fair, the premier annual international jewellery trade show hosted by Switzerland. Officially named the European Watches. Clocks and Jewellery Fair, it opens today and will last a week. More than 1,000 exhibitors
      307 words
    • Article, Illustration
      Top officer leaves STPB
      310 2 A DYNAMO behind the convention industry for the past decade is leaving the Singapore Tourist Promotion Board (STPB). Miss Jennie Chua, divisional director (conventions) of the STPB. leaves the board at the end of this month to join the Westin Hotels group as director of marketing.
      310 words
    • Article
      Expert sees room for improvement in supermarket service
      335 2  -  By WILLIAM CHIA THE LEVEL of service at check-out points in local supermarkets is much lower than that found in overseas supermarkets. Australian retailing consultant Les Miles said in a recent interview with BT. "In the self-service environment of most supermarkets, the
      335 words
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      Page 2 Advertisements Column 1
      114 2 Welcome to a stopover in Germany. ujy 111 r--r+r 7 Wherever you go in Europe, either on business or on holiday, make a stopover in Germany. This place we call home gives you everything from picture-book landscapes to streetside cafes. Lufthansa's Hansatours offer you a variety of packages with convenient
      114 words
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      Page 2 Advertisements Column 2
      12 2 Soo Taiwan Today, a apodal BT aupptomont, on Pagoa 8, 7 and
      12 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      177 2 wm Vf"'. (°C) 23/14 Fina 14/02 Omk 20/10 Claor 29/21 Goody 35/27 Fair 31/23 Cloudy 23/10 Char 24/17 Sunny 16/02 Claor 15/06 Cloudy 23/16 Cloudy 15/05 Cloudy 25/19 Cloudy 16/04 Claor 19/14 Cloudy 32/15 door 16/09 Claor 24/09 Fina 30/20 Cloudy 12/03 Claor 12/04 Claor 16/02 Claor 16/02 Ooor 30/20
      177 words
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  • ASIA – PACIFIC
    • Article
      Lock icon US urges support for UN move on Afghan refugees
      243 3 AP THE UNITED STATES on Tuesday recommended international support for a UN-sponsored effort to help some five million Afghan refugees return to their homeland after Soviet troops withdraw. State Department spokesman Charles Redman said the United States was willing to assist
      AP  -  243 words
    • Article
      Lock icon Afghan resistance rejects accord
      84 3 AFP THE SEVEN CHIEFS of the Afghan resistance alliance have announced their unanimous rejection of the Afghan peace accord scheduled to be signed in Geneva today. On Tuesday, two days before the planned signing ceremony, the resistance chiefs also urged Pakistan not to take any step
      AFP  -  84 words
    • Article
      Lock icon Chun Doo-Hwan resigns from advisory council
      183 3 AP FORMER SOUTH KOREAN president Chun Doo-Hwan resigned on Wednesday as a government adviser and apologised to the nation for his brother's role in a massive corruption ring. Mr Chun told a news conference he was resigning as chairman of the Advisory Council of
      AP  -  183 words
    • Article
      Lock icon No more intervention — Soviet spokesman
      127 3 No more intervention Soviet spokesman Reuter THE CHIEF spokesman for the Soviet government said it was very unlikely that the Soviet Union would again intervene in another nation's civil war as it did in Afghanistan. "We will think twice, thrice, before we move in again," said Gennai Gera- simov, the
      Reuter  -  127 words
    • Article
      Lock icon Common stand on Viet refugees sought
      185 3 Reuter A SENIOR Hongkong government official went to Indonesia yesterday to find a common regional approach to the continuing flow of Vietnamese refugees fleeing their homeland. Nigel French, who is in charge of the British colony's policy on refugees, will have talks with Indonesian
      Reuter  -  185 words
    • Article
      Lock icon 'Expo 1997' proposal for HK
      85 3 Reuter A GROUP of Hongkong businessmen has proposed Hongkong as the venue for a world exposition immediately after the British colony is returned to China in 1997. Legislative Council member Stephen Cheong said on Tuesday that 'Expo 1997' would attract foreign interest to the then
      Reuter  -  85 words
    • Article
      Lock icon Team studies Indonesia's aid needs
      83 3 AFP A JAPANESE official delegation is currently in Jakarta to study the Indonesian government's requirements for financial assistance in 1988 Japanese Ambassador Sumio Edamura, speaking to reporters in Jakarta after accompanying the delegation to meet Vice-President Sudharmono on Tuesday, said that the team was sent
      AFP  -  83 words
    • Article
      Lock icon Cambodia, Vietnam sign cooperation agreements
      143 3 AFP CAMBODIA and Vietnam signed cooperation agreements in a number of areas at an Economic and Cultural Cooperation Commission session in Phnom Penh last week, the official Phnom Penh news agency SPK said yesterday. SPK said in a dispatch monitored in Bangkok that the two
      AFP  -  143 words
    • Article
      Lock icon Indian officials discussing grain deal with the US
      208 3 Reuter SENIOR Indian government officials are meeting US Agriculture Department specialists to discuss India's current food needs after ravaging drought last summer, Indian and US soqrces said on tuesday. The talks could result in large US wheat shipments to 1 India, grain
      Reuter  -  208 words
    • Article
      Lock icon Renewed violence in Kashmir
      72 3 AFP PRO-PAKISTANI mobs defied prohibitory orders and threw stones at police in renewed violence in Indian-held Jammu and Kashmir state on Tuesday, the Press Trust of India reported. The crowds pelted police and vehicles with stones in several areas in Srinagar, the summer capital of the
      AFP  -  72 words
    • Article
      Lock icon Ershad lifts state of emergency in Bangladesh
      225 3 UPI PRESIDENT Hussain Mohammad Ershad of Bangladesh on Tuesday lifted a nationwide state of emergency which had been imposed since Nov 27 in the midst of a violence-ridden opposition campaign aimed at forcing him and his government from power. -Mr Ershad's decision wa£
      UPI  -  225 words
    • Article
      Lock icon Strike hits Seoul's major car plant
      378 3 Students clash with police on campuses AP THOUSANDS of striking workers suspended operations at South Korea's second largest car plant on Tuesday, while students supporting labour rights clashed with riot police on campuses nationwide. Some 4,000 workers at Daewoo Motor Co began a peaceful
      AP  -  378 words
    • Article
      Lock icon Daewoo sets up plant in China
      78 3 AFP SOUTH KOREA'S Daewoo Electronics Co has set up a refrigerator production plant worth US$l2 million in a joint venture in China, industrial sources said on Tuesday. The plant is the first-known South Korean-Chinese joint venture amid growing trade between the two countries despite
      AFP  -  78 words
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      132 3 A concise briefing on Asia. Now, once a week, you can receive a clear and concise briefing on Asia from The Economist. Because now it contains a new section devoted entirely to Asia and its impact on world affairs. Best of all, you don't have to wade through lengthy articles.
      132 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      43 3 Doonesbury yes. S£X6£ANT* SdNOR. HAVOC 7 m H wm ItUp m U a «ra»* ill 43 M 11 e BY GARRY TRUDEAU (&ALLUJMTTH6-SAMBTHIN6S- JUSTICE tN A FK£e NICARAGUA. I JUST hope you ear it. THANKS. MOULD you AUTOGRAPH MY CIA ASSASSINATION MANUAL* ~^S^>
      43 words
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  • REST OF THE WORLD
    • Article
      Lock icon US air authorities to look into alleged Boeing defects
      361 4 AP US FEDERAL Aviation Administration (FAA) officials announced arr investigation and issued a safety directive following complaints by four airlines about alleged defects in Boeing 747 and 767 wide-body jets. FAA officials disclosed on Monday that an "air-worthiness directive'' on the
      AP  -  361 words
    • Article
      Lock icon Boeing executives promise to correct airline problems
      171 4 Reuter EXECUTIVES of Boeing Co, stung by complaints from major customers and a US government safety directive, pledged on Tuesday to act to correct defects in some of its 747 and 767 jets. The executives, at a news conference in Seattle called to
      Reuter  -  171 words
    • Article
      Lock icon Honduras lifts emergency as calm returns to state
      226 4 UPI THE HONDURAN government yesterday announced it will lift state of emergency, saying Honduras has returned to normal after last week's anti-US rioting that left four dead and part of the embassy destroyed. The announcement came only hours before the national congress
      UPI  -  226 words
    • Article
      Lock icon Soviet Union urged to use influence on Ethiopia
      227 4 AFP A US State Department spokesman indirectly urged the Soviet Union on Tuesday to try to persuade Ethiopia to allow food shipments to its northern provinces of Tigre and Eritrea. "I think it would certainly be useful if the Soviets use whatever
      AFP  -  227 words
    • Article
      Lock icon BA to forego eight routes to gain takeover approval
      304 4 AFP BRITISH AIRWAYS is to surrender eight European air routes, including flights on the lucrative London-Paris run, in order to gain EC approval for its takeover of British Caledonian, a senior official said. The agreement marks the first application of the
      AFP  -  304 words
    • Article
      Lock icon Officials agree on revamp of Airbus management structure
      274 4 AP PARTICIPANTS in the Airbus Industrie European aircraft consortium have approved guidelines for a major overhaul of Airbus's management structure. British Trade and Industry Minister Kenneth Clarke. Spanish Industry Minister Luis Carlos Croissier. German Economy Ministry State Secretary Erich Riedl and French
      AP  -  274 words
    • Article, Illustration
      Lock icon Improved ties herald new age, says Perez de Cuellar
      219 4 Reuter UN SECRETARY-GENERAL Javier Perez de Cuellar said on Tuesday that the superpowers are becoming less obsessive in their relations and the world is better for it. "Some recent indications hold the profnTie that we may be on the threshold of
      Reuter  -  219 words
    • Article
      Lock icon US law used to close PLO office passes first test
      114 4 Reuter AN ANTI-TERRORIST LAW which the US government used to order the closing of the PLO's mission to the United Nations passed its first test on Tuesday when judge refused to declare M unconstitutional A group of US citizens who
      Reuter  -  114 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      460 4 ARRIVALS Operator Service Local number time 1 From SU LUFT IC SU MAS HM MAS MAS AC S1A CPA GIA GU SIA »A SIA THAI SU THAI GU GU MAS GU SU SU SU SU BA SU SU SU THAI GU SU THAI CPA MAS MAS j&s
      460 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      154 4 .if i hit 5 >* -J. S 1 58 V 1 N N V V N\\ \v: < r> 3k\ V Jk J ><«•> <-a V •'-.V Aw'** x mem» x 2. Bank L«u. in Hong Kong sine* 1987 Since 1755, when Bank Leu was founded, many things have changed,
      154 words
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      Page 4 Advertisements Column 2
      50 4 rTVM I f I The business person's ctKjice.-every I I I II 1 Tuesday. Thursday. Saturdoyond II 11X1 I 1 I Sundoy. leaving Chorgi of JL JL 22:05 hours and arrWmg at Lester B. Pearson International Airport the following flay. Call your Agent or Air Canodo at *****55 AIR CANADA®
      50 words
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  • COMMODITIES
    • Article
      Oil and Products
      79 5 THE market continues to rise but seems to be nearing the peak Closing prices for crude (FOB origin) USS/borrat Chang* Tap* (Apr] 16.85 +0.35 AMnot (Apr) 16.10 undi Owbai (May) 15.00 unch W#st T*xa* N«w Yocfc ck>t« pr»vi©w* day Products (FOB S'pore) USt/bacr^ Olang* K—— 21.23 0.30
      79 words
    • Article
      Produce Prices
      252 5 London market prices were held over due to pressure on space. Chinese Produce Exchange Sellers' noon dosing prices on April 13 IM/100 kg) Coconut oil Mr FOB 103.00 Old drum FOB 117.00 Now drum FOB 113.00 Copro Mixed (IOOM) 59 Pepper seders Muntok white FOB NIW 1127.50 Sorawok
      252 words
    • Article
      Lock icon KL Tin
      149 5 Reuter THE KLTM price remained unchanged yesterday from Tuesday's dose of M 517.40 a kg In slow trading, dealers said. Turnover dropped to 45 tonnes from 67 on Tuesday as miners remained noncommittal, awaiting stronger fundamentals. Dealers said weak sterling against the rlnggit gave the local market a
      Reuter  -  149 words
    • Article
      Lock icon Rubber
      239 5 Reuter SINGAPORE The rubber market closed firmer yesterday with May 1 RSS buyers quoted at 238.00 cents/kilo, up two cents from Tuesday's close. The Inro's offer of SMR 20 at 250 Malaysian cents/kilo for June delivery in the local market failed to attract buyers. MALAYSIA Late profit-taking and lack
      Reuter  -  239 words
    • Article
      RAS and MRELB
      236 5 RAS prices In S cants/kg, FOB in bak NOON CLOSE Bwy*rs S*il*rs Bvy*rt S*il*rt Int 1 RSS Prompt 239.00 240.00N 239.00 240.00N lot 1 RSS May 88 238.00 239.00N 238.00 239.00 lot 1 RSS )urm 240.50 24 M0 240.25 241.25 •nt 2 RSS OP 236.50 238.50N 236.50
      236 words
    • Article
      SSR and SMR
      87 5 (cants/kg) MAY 1988 JUNE 1988 (currant month) (forward month) RAS NOON NOON Ivy an Saltan tvyan Saltan SSK 20 232 00 234.00N 232.00 234 OON sse 50 230JO 232.50N 230.50 232JON MRELB Iwyart Saltan luyan 5 t H«n SMR c V 370.00 372.00N 371.00 373 OON SM*
      87 words
    • Article
      Lock icon Precious Metals
      346 5 Reuter HONGKONG: Gold closed lower yesterday against the background of a firm US dollar, dealers said. Bullion settled at U*****.90/449.30 an ounce against New York's final 450.20/70 and Tuesday's 450.10/50 close here. Dealers said participants were unwilling to push the metal too far either way ahead of the
      Reuter  -  346 words
    • Article
      Lock icon Palm Oil
      392 5 Bernama Router Crude palm oil futures closed on a firm note on the KLCE in fairly active trading yesterday. Dealers said sentiment was strong in line with ttie good interest on the cash market which prompted short covering activity. Pakistan s tender for palm oil and the steadier
      Bernama; Router  -  392 words
    • Article
      Lock icon Wheat
      117 5 Reuter WHEAT FUTURES extended early gains in late buying to close 2-3/4 to one cent higher on Tuesday on the Chicago Board of Trade. May settled 2-3/4 cent higher at USJ3.2O-1/4 a bushel. Prices held a firm tone as positive fundamentals led prices up from early losses made in
      Reuter  -  117 words
    • Article
      Lock icon Soybean
      129 5 Reuter SOYBEAN FUTURES closed 3-1/2 to one cent lower, but on or near session highs on the Chicago Board of Trade on Tuesday, with May down 2-3/4 cents at U556.79-1/4 a bushel. Prices corrected from recent sharp gains in a technical move that many saw as overdue, traders said.
      Reuter  -  129 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      195 5 With 746 guest rooms and 40 suites, and Continental restaurants in which the Shangri-La brings to China's capital you and your guests can enjoy gourmet our world famous standards of service and cuisine. Our 24-hour Business Centre is accommodation. There are fine Chinese recognised as the finest in the city.
      195 words
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  • Taiwan Today
    • Article, Illustration
      More than a tailor-made success
      1435 6  -  All stories written by ZHOU MEI THE AFFLUENCE of today's Taiwan takes a while to sink in. Cold statistics indicate that Taiwan is trailing behind way behind Singapore. Although Taiwan has kept steadfastly on the growth path, global recessions notwithstanding, there are those who would
      1,435 words
    • Article
      Conciliatory attitude helps spur return to international arena
      361 6 THE THAW between the leaders of Taiwan and those that rule the mainland is increasingly apparent. As conciliation and mutual accommodation replace hostility and national pride, the return of Taiwan to the folds of international agencies such as the General Agreement on
      361 words
    • Article
      Scope for more two-way flow between S'pore and Taiwan
      723 7 THERE IS MUCH in common between Singapore and Taiwan. To some, the two are seen as competitors in trade and investment. Some degree of competition is inevitable as the two realise their respective goals. But the element of complementarity far outweighs
      723 words
    • Article, Illustration
      Four-in-one showpiece in the offing
      370 7 COME 1989, a world-class Taiwan showpiece will be complete for all the world to see, underscoring dramatically the country's spectacular success in attaining the status of a major international trader. By then, a 34-storey international trade building, a 1,022room, 26-storey hotel and a sixstorey convention
      370 words
    • Article
      Taiwanese trade moving on the upward path
      960 7 THE MOOD in Taiwan is definitely buoyant. The Taiwanese, be they of the public or private sector, are full of optimism. Their reaction to the US withdrawal of generalised system of preferences (GSP) concessions has been one of equanimity. A typical response, accompanied
      960 words
    • Article
      The driving force behind the export success
      360 7 TOTAL EXPORTS from Taiwan in 1970, the year Cetra was set up, were just US$l.4 billion. By last year, total exports had risen to U5553.5 billion. And despite an unfavourable trading environment, Taiwan is confident of pushing total exports this year to beyond
      360 words
    • Article, Illustration
      The new face of Taiwanese manufacturing
      577 9 THE EIGHTIES is the decade that's been dedicated to prepare Taiwanese industries for the realities ahead. The focus is now on the development of strategic industries, which are characterised as low-energy-intensive while being high-technology-intensive. The country's economic restructuring has occurred in phases over the
      577 words
    • Article
      The future begins here
      670 9 EIGHTY KM south-west of Taipei lies Hsinchu, the engine that drives Taiwan's ambitious pursuit of technology to realise its long-term plans of industrial restructuring. Located here, on 2,100 hectares of land, is the Sci-ence-based Industrial Park (SIP), an industrial park for high-tech-nology industries. Unlike other science
      670 words
    • TAIWAN TRADE FAIR
      • Article
        A message from the organiser
        283 9  -  CHENG SHI-KAI President, Sherick Corporation Organiser VENUE: Singapore World Trade Centre EXHIBITORS: More than 70 companies, occupying 120 lots, displaying made-in-Taiwan machinery, building materials, electronics, gift items and tea DATE: April 14-17, 1988 (11am to 6pm) IN CONJUNCTION with the Taiwan Trade Fair, the China
        283 words
      • Article
        Who will be there
        227 9 BELOW are brief profiles of a sample of the 70 or so Taiwanese firms taking part in the Taiwan Trade Fair. Evertech Industrial Corporation: It was established in 1983 as an affiliate of Cosmic Technical Service Co. The latter is now a member of K&C Technologies
        227 words
    • Article
      Keeping a step ahead of the competition
      441 9 TO KEEP Taiwan's competitive edge in a world of changing consumer tastes and technological progress, specific measures have been adopted by the country's planners. Traditional industries: Ten task groups were organised in 1986 to provide technical and managerial assistance to cotton spinning, weaving,
      441 words
    • Article
      Who's who among foreign investors
      172 9 AT LEAST a fifth of the foreign investors channelling funds to Taiwan are overseas Chinese. More than half the foreign investments in Taiwan hail from the US. Japan has come a poor second. In terms of industries, the biggest recipient of such investment is the
      172 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      64 6 MIRACLE US$ RADE WITH FREE CHINA 1 ?r m y. <* K V M ■A Hi •M a: tfp 7 1 m w 9 ><- u mm •i. Kii if m V//, KyZv/y, w%wm m mm Wt', ■'/,<>. ■m Wi v *ffi m m, m. v/W's/K wm ".v. M -juggp
      64 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      279 7 NO.I IN EXPORT QUANTITY-THAT'S NOT THE ONLY GOAL OF VE DAN OUR REAL GOAL IS TO PROVIDE THE WORLD'S POPULATION THE BEST QUALITY FOODS WITH AN EMPHASIS ON NUTRITION AND WHOLESOMENESS We continually expand effort to introduce new, innovative processes end advanced equipment. That's why our products sell, end that's
      279 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      198 8 W/l I Djxca -"v v I £v I SB*rs V- ■'v^3 >* > k ym L,' *'4Lr M: iM i ->% v. ■titer: fts&s-iV- 3$ si" 'i 4* *S>& l**: V'x SMHS. Jmfe* s S»S [fe ;4|§ 4fc-' 1 V*T. ®Nf* fclS&tf&fc,' -WpP# ;V #$>•* M ->'■?' r~. u <-
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      122 9 THE NAME KNOWN FOR QUALIfY, SERVICE AND COMPETITIVE PRICES WORLD WIDE WITH 6 FACTORIES, 5000 EMPLOYEES AND 500 ENGINEERS. SAMPO CAN MEET ALL OF YOUR HIGH TECHNOLOGY NEEDS 9" to 19" mono and color monitors personal computers terminals EGA. VGA CARDS PS/2 analog monitors yxo, v* v.'vih t.Mhutortt- <*■■■ IPS-386
      122 words
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  • PERSPEVTIVE
    • Article
      Drawing on womanpower
      500 10 SINGAPORE is hardly alone in seeing it as a waste of valuable womanpower that so few schoolgirls opt for engineering when they get to university. Times have changed, declares the cover of a brochure put out by the Royal Melbourne Institute of Technology. The words appear above
      500 words
    • Article, Illustration
      Texan economy rides the oil slump
      2040 10  -  For decades 'black gold' in Texas has oiled the wheels of progress. Much of the optimism evaporated during two recessionary periods in the 1980s when oil prices fell. But the state is gearing up to meet the challenges of the future, reports BT journalist
      2,040 words
    • Article
      Lock icon Indonesia explores nuclear option
      821 11  -  Natural resources insufficient, say officials By RUTH YOUNGBLOOD UPI LADEN WITH energy-generating resources in remote and costly locations, Indonesia is weighing the merits of nuclear power with foreign investors footing the bill. Despite an abundance of oil, natural gas and coal plus rivers and volcanoes offering
      UPI  -  821 words
    • Article, Illustration
      Lock icon Rajiv remains resolute on reform Rajiv remains resolute on reform
      1269 11  -  Indian Prime Minister Rajiv Gandhi has been assailed by revolt within his own Cabinet and charges of personal corruption during the past year. But this initially reluctant politician is still pressing ahead with his plans to tackle his country's problems,
      FT  -  1,269 words
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      Page 10 Advertisements Column 1
      212 10 The famous Hong Kong Lei Garden makes its impact in Singapore At Lei Garden, every dish tastes as delicious as it looks. It's always innovative and elegantly exciting, because we have so many fresh ideas in our recipes. Inspiring dishes such as Dian Xin, Fresh King Prawns. Freshly Steamed Live
      212 words
  • Page 10 Miscellaneous
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1206 11 to iMD oaoo® 7.30 PM Opening and Programme Highlights followed by Lingo. 8.00 251h Anniversary Special I The First Eden: The Mediterranean World And Man The God Enslaved (See highlights). 9.00 25th Anniversary Special II Channel 1 2 In Concert (r). 10.15 25th Anniversary Special 111 Changing Landscapes: Geylang (r).
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    • Miscellaneous
      Page 11 Miscellaneous Column 2
      904 11 u msmm CRYPTIC PUZZLE ACROSS 1 Rule over the interior (6) 7 Nick an aged fellow, the devil! (3. 5) 8 Like sour comments about the Test (4) 10 Lee's officers? (6) 11 Smart enough to make a century in super style (6) 14 Vessel of a familiar kind (3)
      904 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      332 12 58 SUCCESSFUL YEARS OF BREWING PARTNERSHIP Malayan Breweries Ltd (MBL) was formed in 1930 by the association of the Fraser Neave Group of Companies (F&N) and Heineken N V of Holland. Their coming together combines strong traditions with the very best of modern technology. F&N was founded in 1883 by
      332 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      487 13 A FIRST IN BREWING TECHNOLOGY The Tiger Brewery at Tiias The Most Technologically Advanced Brewery In The Asia-Pacific Region The Best Brewery Technology The S$ 164 million Tiger Brewery at lb as represents a milestone in brewing technology. Covering 9 hectares and a total built-up area of 3 7.700 square
      487 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Bookies stack odds in Tyson's favour
      227 14 AP HEAVYWEIGHT CHAMPION Mike Tyson has opened as a 4-1 favourite at most Las Vegas sports books to beat Michael Spinks in their June 27 title fight. Las Vegas bookmakers said on Tuesday that early betting had been mixed on the fight. Many believe
      AP  -  227 words
    • Article
      Lock icon Promoter threatens to call off title fight
      181 14 AFP PROMOTER Butch Lewis is threatening to call off the Spinks-Tyson world heavyweight title showdown, scheduled for June 27, in a long-running row with an American cable TV company. The promoter threatened that he would cancel the bout if the company, HBO, did
      AFP  -  181 words
    • Article
      Lock icon Lamborghini unveils Formula One engine
      221 14 AP THE MOTOR RACING division of US-owned Lamborghini has unveiled a brand-new Formula One engine that will be supplied to at least two teams this year. The 12-cylinder, aspirated engine, made with extremely light and technologically advanced materials, was designed by Mauro Forghieri, a former
      AP  -  221 words
    • Article
      Lock icon British celebrities to take to the circuit
      182 14 AFP BRITISH ski jumper Eddie "The Eagle" Edwards, who leapt to fame at the Winter Olympics by being so bad. and Captain Mark Phillips, renowned for his taste for speed on four legs and four wheels, could face each other in an Olympic
      AFP  -  182 words
    • Article, Illustration
      Lock icon Graf sweeps past second round in Florida tournament
      256 15 Reuter TOP SEED Steffi Graf easily beat Peruvian Pilar Vasquez 6-1, 6-0 on Tuesday when rain forced the postponement of all other matches at the US$3OO,OOO Florida clay court tennis championships in Amelia Island. Five other matches were started but were halted
      Reuter  -  256 words
    • Article
      Winning ways of Davis Cup duo
      674 15  -  By WALTON MORAIS EVERY ONCE in a while, there comes along a team management structure that brings out the best in players. In the 1985 Davis Cup campaign, it was Dr John Choy and Shahren Osman as team manager and coach respectively who spurred
      674 words
    • Article
      Lock icon McEnroe gives himself a year to get back
      321 15 Reuter JOHN McENROE has given himself at least a year to return to the top in tennis after a seven-month absence from tournament competition but fears he may have lost the spark which made him the world's best player. "I certainly lost
      Reuter  -  321 words
    • Article
      Lock icon British welterweight wins
      89 15 UPI BRITISH welterweight boxer George Collins outpointed tough American Sammy Floyd over eight rounds on Tuesday in Cardiff. Wales, to chalk up his 31st straight victory. Floyd pressed forward relentlessly in the early rounds. By the fifth round, his per- sistence had started to pay off and
      UPI  -  89 words
    • Article
      A field to be proud of
      570 15  -  Jranklif speaking.... WALTON MORAIS GRAEME PLUM was wearing a big smile. Although his latest phone call to Etsuko Inoue in Tokyo had drawn a blank, the Australian tennis promoter was a satisfied man. "I'm delighted with the quality of the field," he said of
      570 words
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      Page 14 Advertisements Column 1
      974 14 4 COURyoiSIERXO-Where to eat, drink... The Szechuan Experience with the Meisan Difference Savriur the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting Nerid of flaw.Kirs. And discover the exquisite art of true enjuyment. II MEISAN At the Meisan. szechuan bcstaubawt I MfitwinvN Sarcfcatan. ffuinwiMrb Mriwn Royal Qrorc Singapore
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      Page 14 Advertisements Column 2
      159 14 A feast fit fur Gmk Gods It's the most inviting spread of exotic Greek favourites this side of Athens. With Midya Dolmasi (mussels), Shish Kebab, Oktapothi Krasato (cuttlefish in red wine), Galato Boureko (custard pie), Baklava and more! Even if it s all Greek, at $31 for adults and 15*
      159 words
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      Page 15 Advertisements Column 1
      573 15 and entertain ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE MAIN CXX'RSES. PALM For between $26+ and $40+ I OU can se ect fr° m our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses.
      573 words
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      Page 15 Advertisements Column 2
      322 15 An introduct BACKHAND VOLLEY 1 Grip Continental. Same as the serve Ready Position. Same as for forehand Left arm steadies racquet Shoulders turn Left foot prvots Swing not behind the racquet shoulder Racquet head starts back shoulder high. Wrist firm Arm extended 4 Step and Punch. Racquet reaches forward to
      322 words
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  • MONEY AND EXCHANGES
    • Article
      Simex
      449 16 EURODOLLAR futures opened higher on Simex yesterday from the previous close on short covering activity in Chicago ahead of the US trade balance figure due today. The figure is expected to show improvement. The June contract opened at 92.66 and remained well supported at 92.65 and proceeded to move
      449 words
    • Article
      Lock icon IMM
      212 16 Reuter MOST IMM currency futures continued eroding and ended near new session lows set late on Tuesday. Uneasiness about the US trade balance report due out today underscored market weakness. Conflicting ideas about the outcome of the G-7 meeting this week also exacerbated trader caution. Most contracts posted the
      Reuter  -  212 words
    • Article
      Comex gold/silver futures
      151 16 Gold futures on April 12 100 troy ounces; USS per troy ounce Open High Low Soltto Apr 453.00 453.00 450.40 450.90 -1.90 Moy 452.10 -1.00 Jun 454.00 455.00 453.00 453.70 -1.00 Aug 458.20 459.00 457.50 458.10 -1.00 Ocr 463.50 463.50 462.20 462.80 -1.00 Ok 468.00 468 80
      151 words
    • Article
      Lock icon Asian $ market
      237 16 Asian market Reuter ASIAN DOLLAR deposit rates closed steady at opening levels yesterday, after quiet trading Short-dates were steady to lower at the outset following weaker US federal funds rate but thereafter remained little changed Overnight closed at 673/16 6-11/16 per cent, Thursday/Friday at 6-15/16 6-13/16 per cent and weekfixed
      Reuter  -  237 words
    • Article
      Lock icon Forex markets
      1653 16 Reuter Reuter SINGAPORE: The US dollar closed slightly higher yesterday against most major currencies after fluctuating narrowly in thin trading, dealers said. They said the dollar started firmer on short-covering, but eased on profit-taking mid-morning before recovering in late afternoon trade on light European buying. Most operators refrained
      Reuter  -  1,653 words
    • Article
      Money markets
      56 16 THE OVERNIGHT rate on the Singapore interbank market closed point higher yesterday to end at 3!4. Term rates were unchanged across the board. S$ Interbank rates at 12 noon yester day: OfFEB BID 3 1/2 1/4 1 -mortti 3 1/8 3 2-month 3 1/8 3 3 month 3
      56 words
    • Article
      Government securities market
      80 16 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****F 14.7.88 3.00 2.95 2.99 2.96 6 months BY*****H 22.9.88 3.10 3.05 1 year BY*****Z 23.3.89 3.17 3.12 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
      80 words
    • Article, Illustration
      World interest rates
      192 16 Indicates the average of the prime lending rates of 12 major banks in S pore Interbank market rates (offer/bid) on April 13 us$ DM SWFC Yen 7 day 7 6 7/6 8 7 7/8 3 3/8 1/4 2 1/8 2 3 5/8 1/2 1 rr*»t> 7 6
      192 words
    • Article
      Options
      1558 16 CURRENCY FUTURES OPTIONS Wednesday, April 1 3, 1 988 DEUTSCHEMARK (SIMEX) May M calls May M puis High Low S*H High Low Sa« 54 CAM 55 CAB 54 j 57 257A 243 4 58 169A 164 12« 14 59 92A 88 378 39 60 41A 39 841 88 61
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  • BANKING AND FINANCE
    • Article
      Lock icon Swiss to scrutinise deposits by leaders
      632 17 IHT THE SWISS Banking Commission, citing cases that have jeopardised the reputation of Switzerland's banking system, has called for senior bank managers to scrutinise deposits made by foreign leaders and others who wield power. In its annual report, issued on Tuesday, the regulatory body
      IHT  -  632 words
    • Article
      Lock icon Foreign banks in US may expand activities
      186 17 Reuter FOREIGN BANKS in the US are likely to expand their capitalmarket activities dramatically if Congress passes legislation to abolish the Glass-Steagall Act separating commercial and investment banking, the Institute of International Bankers said. "You'll see many foreign banks with operations all round
      Reuter  -  186 words
    • Article
      Lock icon Good start for Societe Generale
      104 17 Reuter BANKING GROUP Societe Generate had a 1988 first quarter in line with its budget forecasts after seeing profits rise 3.2 per cent in 1987, chairman Marc Vienot said in Paris on Tuesday. Mr Vienot was commenting on last year's results which showed an attributable
      Reuter  -  104 words
    • Article
      Lock icon Capital requirement for brokers
      151 17 Reuter BROKERS in the wholesale money markets who accept no risk of their own but only act as name passers will still have to meet minimum capital standards set by the Bank of England. The rules affect brokers in sterling, foreign exchange and bullion. The Bank
      Reuter  -  151 words
    • Article
      Lock icon Swedish finance minister calls for world monetary reform
      273 17 Reuter SWEDISH FINANCE Minister Kjell Olof Feldt said on Tuesday the world monetary system was in an unsustainable condition and should be reformed. "In my view the international monetary system itself is in clear need of reform," Mr Feldt told an economics
      Reuter  -  273 words
    • Article
      Lock icon IMF to get loan from Japan's Eximbank
      86 17 AFP JAPAN'S Export-Import Bank has agreed to make a "no-strings-attached" loan of 2.2 billion Special Drawing Rights (380 billion yen or about US$3 billion) towards a special fund for the most impoverished nations, bank president Takashi Tanaka said in Washington on Tuesday. The
      AFP  -  86 words
    • Article, Illustration
      Lock icon World Bank sets up investor insurance unit
      383 17 Reuter A WORLD BANK AGENCY designed to protect private investors from political risks in developing countries has been formally established after getting a final nod of approval from the United States and Britain. World Bank president Barber Conable announced on Tuesday that enough
      Reuter  -  383 words
    • Article
      Lock icon Borrowing nations face more pressure to change policies
      468 17 AP NEARLY ONE DOLLAR in every four that the World Bank now lends to Third World governments is given on condition that they change their policies, as urged by US Treasury Secretary James Baker. It is not a new kind of lending.
      AP  -  468 words
    • Article
      Lock icon Car maker loses contracts over exchange rates
      142 17 AFP UNFAVOURABLE exchange rates are threatening Autolatina, one of Brazil's largest carmakers, with as much as US$l billion in losses this year and the cancellation of car sales to Saudi Arabia. Iraq, Libya and Nigeria, the company said on Tuesday. Autolatina was set
      AFP  -  142 words
    • Article
      Lock icon Brazilian minister meets Baker
      250 17 AFP BRAZILIAN Finance Minister Mailson da Nobrega has described talks with US Treasury Secretary James Baker as helpful but said the two did not reach any significant agreement on a resolution of Brazil's continuing debt crisis. "The talk was advantageous.'' Mr da Nobrega told reporters after
      AFP  -  250 words
    • Article
      Lock icon Cyanide mailed to Sanwa Bank in extortion attempt
      189 17 Reuter AN EXTORTIONIST mailed cyanide to branches and the main office of the Sanwa Bank Ltd in an attempt to obtain 200 million yen from the bank, police and bank officials in Tokyo said. Six threatening letters signed in a fictitious name
      Reuter  -  189 words
    • Article
      Lock icon First Rep incurs US$1.5b loss
      137 17 AFP FIRST Republicßank Corp. the 13th largest bank in the US. has announced an anticipated first-quarter loss of US$l.5 billion and the resignation of its chairman and chief executive officer. A statement attributed the loss largely to unsuccessful real estate investments. The loss was the
      AFP  -  137 words
    • Article
      Lock icon Profit down
      39 17 Reuter COMMERZBANK AG is satisfied with its results last year despite an 18 per cent decline in total operating profit to around 1.25 billion deutschmark, chief executive Walter Seipp told an annual news conference in Frankfurt yesterday.
      Reuter  -  39 words
    • Article
      Lock icon Midland's mortgage rate cut to 9.75pc
      160 17 AFP MIDLAND BANK lowered its mortgage rate to 9.75 per cent on Tuesday from 10.3 per cent after Britain cut its base rate by half a point to 8 per cent last Friday to stem sterling's rise. Analysts said building societies were likely to
      AFP  -  160 words
    • Article
      Lock icon Role of leasing, factoring in KL
      192 17 Bernama LEASING and factoring companies will be more creative in providing products and services in meeting market needs in the future, according to a bank official in Kuala Lumpur. The executive director of Bank Bumiputra Malaysia Bhd. Mr Mohd Taufik Datuk Abdullah, said on
      Bernama  -  192 words
    • Article
      Lock icon Nigeria misses debt payment
      162 17 Reuter NIGERIA has failed to make a first interest payment due on March 31 on a rescheduling of export credit debt but the West German government will wait until the end of April before deciding whether to declare it officially in default, according to a Bonn
      Reuter  -  162 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      117 17 COULD YOU SELL THIS SPACE? Business Times has a vacancy for an experienced sales person whose personality, background and experience will enable him/her to seek out and persuade advertisers whose products or services would benefit from exposure in the leading business newspaper in Singapore. The position and the remuneration will
      117 words
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      Page 17 Advertisements Column 2
      109 17 savour delicious thai seafood CAIRNHILL THAI SEAFOOD RESTAURANT 15 Cairnhill Road. *07-03 Cairnhill Place. Singapore 0922 Tel: *****66 Business Hours: 11.30 am opm daily The best Thai seafood in town prepared in superb Thai style is here to sate your palate. Try our specialities. You'll love every one of them!
      109 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Bullish overseas sentiment lifts prices
      4836 18 THE SINGAPORE market rose yesterday, spurred by the overnight post-Crash high on Wall Street and the continued rise in Tokyo stocks. The 14-point rise on Wall Street led the Hongkong and Australian markets to postCrash highs while Tokyo surged to another pre-Crash high. The bullish
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  • COMPANY NEWS
    • Article
      'Local companies ready to mount takeovers overseas'
      309 19  -  By LEONG WEN WAH SINGAPORE companies are now in a position to make acquisitions overseas, according to a Hongkong banker. Mr Patrick Alexander, director of Chase Manhattan Asia Ltd, Hongkong, told participants at the financial officers' conference in Singapore yesterday that some local
      309 words
    • Article
      NZ's Lion Corp drops application to strike off anti-merger suit
      273 19  -  By LONG SHIH ROME NEW ZEALAND brewer Lion Corporation Ltd has dropped its application to strike off the anti-merger suit by Malayan Breweries Ltd. This is so that the case could be finally determined by the New Zealand court as
      273 words
    • Article
      Lock icon 'KLSE chairman statement contradictory'
      219 19 Bernama ES THE MALAYSIAN Investors' Association (MIA) yesterday described the statement made by the Kuala Lumpur Stock Exchange (KLSE) chairman Nik Mohamed din bin Nik Yusoff earlier this week that "there are no shares in Pahang Investments PLC which are found to be forged" as contradictory.
      Bernama ES  -  219 words
    • Article
      Nomura Securities setting up new unit here
      445 19  -  By CORRINA LIM JAPAN'S largest investment house. Nomura Securities Co Ltd, is opening a new subsidiary in Singapore to provide investment management services in the Pacific Basin. The subsidiary, Nomura Capital Management (S) Pte Ltd, was granted an investment adviser's licence last Friday
      445 words
    • Article
      Lock icon Kentucky listing on KLSE may be finalised by next month
      204 19 MBT KENTUCKY FRIED Chicken Holdings' long-awaited listing on the Kuala Lumpur Stock Exchange may be finalised by next month. Although the size of the proposed offer is not known, it is believed that a sizeable portion of the KFC shares
      MBT  -  204 words
    • Article, Illustration
      Sesdaq-Nasdaq link attracts J Higby's
      518 19  -  By ANNA TEO J HIGBY'S Inc is offering more than frozen yoghurt and other eateries in its debut in Singapore this year. The listed American frozen yoghurt chain is interested to be traded on the Sesdaq-Nasdaq link-up. J Higby's Inc has been trading on Nasdaq
      518 words
    • Article
      Business done on the SES
      4110 19 SECTION ONE INDUSTRIAL t COMMERCIAL Acma 10 97 B 099 S) (121 097 14) 097% (3) 098 161 097% (I) 098 (12) 097 Alcom 10 57 B) Amal Steel 50* (I 81 8 I 82 S) (5) 1 74 (13) 175 (115) 177 (501 176
      4,110 words
    • Article
      Unit trusts
      297 19 Managers' prices japan Gr Fund 1 60 1 65* 1 for April 14 She'"(>" Thrill fund 081 081 Singapore Unit Trust UOB Management Un.fund 0835 0835 'he Commerce 094 1 00 Unibond 0995 1 025 T he Savings Fund 080 086' S pore Prog Fund S'po'e Sec Fund
      297 words
    • Article
      Lock icon Landmarks incurs pre-tax loss of M$9.5m
      165 19 Bernama ES LANDMARKS HOLDINGS Bhd has reported a bigger group pre-tax loss of Ms 9 52 million for the year ended Dec 31, 1987, against MSB.BI million previously. The company's preliminary results released yesterday showed that the group turnover fell to M 532.68 million
      Bernama ES  -  165 words
    • Article
      Lock icon Aokam to acquire stake in Ayer Hitam
      195 19 Bernama ES AOKAM TIN Bhd yesterday announced it will acquire eight million shares of Msl each in Ayer Hitam Tin Dredging Malaysia Bhd for M 525.6 million from Hasec Nominees Sdn Bhd. The acquisition will give Aokam Tin a 21 86 per cent
      Bernama ES  -  195 words
    • COMPANY BRIEFS
      • Article
        SPK Sentosa resumes trading
        47 19 TRADING in SPK Sentosa Corp Bhd resumes today following the company's announcement yesterday that Sharikat Permodalan Kebangsaan Bhd has failed in its negotiations to sell its stake in SPK Sentosa The conditional purchase of certain assets of SPK Sentosa has also fallen through.
        47 words
      • Article
        Pilecon rights issue approved
        30 19 PILECON Engineering Bhd shareholders yesterday approved the company's proposed one-for-two rights issue of 17.5 million shares of par value $0 50 at $0 65 per share
        30 words
      • Article
        KIO sold 250,000 YHS shares
        32 19 YEO HIAP SENG Ltd has confirmed that Kuwait Investment Office London is no longer a substantial shareholder of the company following its sale of 250,000 YHS shares
        32 words
      • Article
        A Hitam buys Berjaya shares
        42 19 AYER HITAM Tin Dredging Malaysia Bhd has proposed to acquire 17 million ordinary shares of Msl each in Berjaya Corporation Bhd for M 527.2 million cash The shares represent an 8 1 per cent stake in Berjaya
        42 words
    • Article
      Lock icon Pilecon discusses North-South Highway project with UEM
      326 19 MBT PILECON Engineering has had some initial discussion with United Engineers Malaysia on its participation in the construction of the North-South Highway project. Disclosing this yesterday, chief executive Hong Lee Pee said the picture is expected to be clearer around August or October
      MBT  -  326 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      138 19 music of "Cuatro Calientes" daily TT' yfa/ra y /s/////?, except Sunday from 7.45pm 12.30 am, gj§s f c r /7 Knjov the longest Happy Hours in town (//rm. The restaur,nut with the exquisite Italian Renaissance Al ,h( ran<l ll lll '> Lounge. time is endless. ht- < irand llalla Lounge,
      138 words
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  • REGIONAL MARKETS
    • Article
      Lock icon CSR sells non-coal mining interests
      205 20 AFP DIVERSIFIED Australian resources group CSR Ltd has begun selling its non-coal mining interests in Australia and Indonesia to focus on its sugar and building material activities CSR had sold its 50 per cent interest in Kajuara Mining Corp Pty Ltd in Indonesia to Australian
      AFP  -  205 words
    • Article
      Lock icon Exxon to set up plant
      97 20 UPI EXXON CHEMICAL Co of the US plans to build a production facility along the Gulf Coast area to produce high-density polyethylene products with technology provided by Mitsui Petrochemical Industries Ltd. Japanese company Mitsui said yesterday the project calls for construction of a plant with
      UPI  -  97 words
    • Article
      KL prices close higher
      3236 20 AFTER a slight disappointment on Tuesday, investors had every reason to be cheerful yesterday. Buyers swarmed the Kuala Lumpur stock market right from the opening bell to drive prices higher on a broad front leaving a trail of hefty gains. Dealers said the bullish sentiment was
      3,236 words
    • Article
      Lock icon Kawasaki cuts spending
      51 20 UPI KAWASAKI STEEL Corp has announced plans to cut its capital expenditures in fiscal 1988 by 33.7 per cent in line with its retrenchment programme. Kawasaki said yesterday capital expenditures for the year, will be 65 billion yen, down from an estimated 98 billion yen last year.
      UPI  -  51 words
    • Article
      Lock icon Makita plans to double tool output in the US
      131 20 Reuter MAKITA Electric Works Ltd of Japan will double machine tool production at its subsidiary Makita Corp of America in Atlanta. Georgia. to 100,000 tools a month by this autumn, a company spokesman said in Tokyo. The company will spend US$3
      Reuter  -  131 words
    • Article
      Lock icon Nissan Mexicana strike continues
      281 20 AP UNION WORKERS at the Nissan Mexicana car assembly plant in Cuernavaca. Mexico, stayed off their jobs for the 12th consecutive day on Tuesday after rejecting a new wage offer from the company, a Nissan spokesman said. Leaders of the 2,800 unionised workers broke off negotiations
      AP  -  281 words
    • Article
      Lock icon Tokyo
      434 20 Reuter TOKYO share prices closed up yesterday in robust trade on a stable dollar and following Wall Street's overnight jump to a new post-crash high, brokers said. Buying enthusiasm was limited ahead of the Group of Seven meeting scheduled for later yesterday and the release of US trade data
      Reuter  -  434 words
    • Article
      Lock icon Sydney
      435 20 Reuter 1 ALL SECTORS of the Australian share market closed strongly higher yesterday in light turnover resulting from a modest number of buyers chasing an even smaller volume of stocks, brokers said. "The oil and gas stocks really pushed the market along earlier," one broker said. The All Ordinaries
      Reuter  -  435 words
    • Article
      Taipei
      239 20 AMI 11 MT S All Sincara Indus Asia Camant Cathay Con* Chang Hwa Bank Chang Loong Chia Hsm Camant 62 SO 15 Chin Hsin Flour 22 00 05 China Cham 36 70 0 9 China Dav 130 00 35 China Elact Wira 53 00 05 China Gulf Plas 52
      239 words
    • Article
      Manila
      91 20 AM 13 PESOS Acoje Mining Anglo Phil 0 011 unch Apex Mining B Atlas Con B 0 027 -0 002 25 -1 Baguio Gold Basic Petroleum 0017 ♦0 001 Benguet Con B 80 unch First Phil Hldgs 05 Lepento B 046 -0 02 Marcopper 060 -01 Marsteel Oriental B
      91 words
    • Article
      Lock icon Sumitomo in joint venture
      108 20 UPI SUMITOMO CHEMICAL Co. a major Japanese comprehensive chemical manufacturer, has formed a 50-50 joint venture with Chevron Chemical Co of the US to develop and market agricultural chemicals. The Osaka-based company said the new firm, Valent USA Corp, based in Walnut Creek, California, would actively
      UPI  -  108 words
    • Article
      Stocks close firmer
      1480 20 Hongkong SHARE PRICES on the Hongkong market yesterday finished firmer at the day's highest levels on strong buying interest, particularly from overseas institutions, brokers said. The Hang Seng Index rose 35.3 to close at 2,671.24 and the Hong Kong Index rose 24.11 to 1,756.13. Turnover was HKSI.I3
      1,480 words
    • Article
      Seoul
      132 20 APR 13 WON Cheil Sugar Deelim Ind Daewoo Corp Daewoo Heavy Daishin Securities Dong Ah Phar Dong Suh Slock Donobu Steel Gold Star Hanil Bank Hand Cement Hankuk Glaaa Hanyang Chemical Hyundai Const ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 1000 100
      132 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      436 20 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 HO U LI CONSTRUCTION PTE LTD (In voluntary Liquidation) At an Extraordinary General Meeting of the members of HO U LI CONSTRUCTION PTE LTD duly convened and held at 354K, Alexandra Road, Singapore 0315 on the BTH day of APRIL
      436 words
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      Page 20 Advertisements Column 2
      151 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF T Y YAP INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50 that the Final Meeting of the Members of the abovenamed company will
      151 words
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      Page 20 Advertisements Column 3
      130 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 EXIAN TRADING PTE LTD (Incorporated In Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the above named company, duly convened and held at No. 2 Finalyson Green 08-05 A, Asia Insurance Building, Singapore 0104 on 11th April
      130 words
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  • WORLD MARKETS
    • Article
      Lock icon Dow breaches 2,100 level
      1019 21 New York Reuter WALL STREET rallied for the sixth straight day on Tuesday as the longest winning streak since the bull market s height last July gave the Dow its first post-crash close above 2,100. Optimism about the February trade deficit data, due today, fuelled buying,
      Reuter  -  1,019 words
    • Article
      Lock icon Equities open higher
      1003 21 London Reuter LONDON shares opened higher yesterday in moderate business with the food sector leading the way after news that Jacobs Suchard of Switzerland was seeking a 15 per cent stake in food manufacturer Rowntree, dealers said. Prices were already firm before the dawn raid, led by
      Reuter  -  1,003 words
    • Article
      Untitled
      1325 21 Selected indices HONGKONG Hongkong Index Wednesday 1.756 13 Tuesday 1 ***** Week ogo 1.678 99 Hang Seng Index Wednesday 2.***** Tuesday 2.***** Week ogo 2 556 56 All Industrials Wednesdoy 2,3521 Tuesdoy 2.3330 Week ogo 2.264 0 NEW YORK Dow Jones Tuesday 2.***** Monday 2.***** Week ogo 1.997 51 TOKYO
      1,325 words
    • Article
      Lock icon Remy bid up
      65 21 AFP THE BEVERAGE company Remy et Associes SA has raised its takeover bid for the liqueur and luxury products group Benedictine SA To U551,220 a share yesterday. Sources said that Remy et Associes. a wholly owned unit of the cognac maker E Remy Martin et Compagnie. is
      AFP  -  65 words
    • Article
      Lock icon Canadian government to sell 45pc of Air Canada
      275 21 Reuter CANADA'S Conservative government has announced plans to sell nearly half the national airline Air Canada to investors in its most ambitious privatisation project to date. Deputy Prime Minister Donald Mazankowski said in Ottawa on Tuesday that an initial stock offering will
      Reuter  -  275 words
    • Article
      Lock icon Asea Brown Boveri in US$500m joint-venture with Westinghouse
      590 21 FT ASEA BROWN BOVERI, the new-ly-merged Swedish-Swiss concern which is the world s largest heavy engineering group, has agreed to pay US$5OO million to Westinghouse Electric of the US to set up two joint ventures in the power generation and the transmission
      FT  -  590 words
    • Article
      Lock icon Coke chalks up 13.5pc rise in profits
      182 21 Reuter COCA-COLA Co reported on Tuesday that its first-quarter profits rose 13.5 per cent to US$2ll million, reflecting a surge in its worldwide soft-drink sales and gains from the dollar's steep decline. The company's operating earnings increased even more dramatically, jumping 34 per
      Reuter  -  182 words
    • Article
      Lock icon SGB to hold emergency meeting on takeover
      592 21 AFP BELGIUM'S biggest company, Societe Generale de Belgique SA (SGB), is to hold an emergency shareholders' meeting in Brussels today in an effort to settle a US$2.5 billion takeover battle that has sparked Europewide controversy since January. The meeting will be closely monitored
      AFP  -  592 words
    • Article
      Lock icon Product liability laws hamper American companies, says Conference Board
      162 21 Reuter A SIGNIFICANT NUMBER of US companies have shut plants, laid off workers and halted making a variety of products due to costs and fears arising from the nation's product liability system. according to the Conference Board. The business research group
      Reuter  -  162 words
    • Article
      Lock icon Two Belgian brewers tie up
      163 21 Reuter BELGIUM'S Artois and Piedboeuf breweries announced in Brussels on Tuesday that they were merging to form Europe s third biggest beer producer. The two said they were merging and streamlining operations in Belgium to fight competition from rivals like Heineken of the Netherlands. BSN
      Reuter  -  163 words
    • Article
      Lock icon Rolls-Royce to buy FWC unit
      80 21 Reuter ROLLS-ROYCE PLC is to buy Foster Wheeler Power Products Ltd from US company Foster Wheeler Corp (FWC) for an undisclosed sum. The Foster Wheeler subsidiary comprises a site in Hartlepool with plant, equipment, engineering and support activities. Rolls-Royce said in London on Tuesday that
      Reuter  -  80 words
    • Article
      Lock icon Jaguar workers plan all-out strike
      124 21 Reuter UNION OFFICIALS at British luxury carmakers Jaguar said on Tuesday they planned an all-out strike next week over management demands for higher output to match West German rivals. "We plan to strike from Monday, unless management alters its plans," senior shop steward Keith White
      Reuter  -  124 words
    • Article
      Lock icon Guinness scandal: accused remanded on bail
      131 21 AFP SIX OF SEVEN businessmen charged in connection with the scandal surrounding the Anglo-Irish Guinness company's takeover bid for the Distillers drinks firm appeared in court in London on Tuesday and were remanded on bail until June 1. The seventh defendant, stockbroker Anthony Parnes.
      AFP  -  131 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      77 21 Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are easy to
      77 words
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  • Article
    Singapore's imports from Malaysia jump 35.7pc
    625 22  -  Sharp increase in crude oil sales to Republic By BRIAN GOMEZ Foreign Editor MALAYSIAN EXPORTS to Singapore rose 35.7 per cent to MsB.2 billion last year closing the gap somewhat with Japan which has been the leading importer of Malaysian goods since 1984. Japanese
    625 words
  • Article
    S'pore second largest recipient of KL services payments
    390 22 SINGAPORE'S "close proximity" helped it overtake the UK last year to become the second largest recipient of services payments from Malaysia, according to Bank Negara's 1987 annual report. The report said Singapore accounted for 16.6 per cent or Ms2.B billion of the
    390 words
  • Article
    Lock icon American crude oil prices rise above US$18 a barrel
    401 22 Reuter US OIL markets rallied for the second straight day on Tuesday and took petroleum prices to a four-month high above US$lB on expectations that Opec and some non-Opec exporters would agree to reduce output. West Texas Intermediate, the US benchmark
    Reuter  -  401 words
  • Article, Illustration
    Lock icon Indonesia, Venezuela agree to step up oil action
    389 22 Reuter THE PRESIDENTS of Indonesia and Venezuela agreed on the need to increase efforts to achieve fair and stable oil prices during a 90-minute meeting in Jakarta, an Indonesian government spokesman said yesterday. President Suharto and visiting Venezuelan President Jaime Lusinchi discussed
    Reuter  -  389 words
  • Article
    Lock icon Bonn still concerned about US trade bill
    194 22 Reuter THE WEST GERMAN government said it welcomed the fact that some of the most restrictive elements of a new US trade bill had been dropped. But Economics Minister Martin Bangemann added in a statement that, in its present form, the bill could
    Reuter  -  194 words
  • Article
    Lock icon New American trade grouping seeks joint ventures with the Russians
    208 22 Reuter AMERICAN Trade Consortium, a new group formed by seven US companies, said it will seek to develop joint ventures in the Soviet Union with Soviet partners. The seven are Archer-Dan-lels-Midland Co, Chevron Corp, Eastman Kodak Co, Ford Motor Co,
    Reuter  -  208 words
  • Article
    Lock icon China regrets Japan's 'illegal export' probe
    179 22 Reuter CHINA regrets Japan's decision to investigate two trading companies on suspicion of illegal export of precision instruments to China, according to The People s Daily. It quoted Chen Zhixiao. a department head of the Ministry of Foreign Economic Relations and Trade, yesterday as
    Reuter  -  179 words
  • Article
    Lock icon Malaysian ambassador slams US for opposing World Bank loan
    313 22 Bernama ES MALAYSIA has described the US action in opposing a US$66 million World Bank loan for its rural development agency, Felcra, as being "transparently protectionist inspired". The loan, however, had been approved, according to Malaysia's Ambassador to the US. Mr
    Bernama ES  -  313 words
  • Article
    Lawyer did not know about payment, says QC
    476 22 LAWYER H E CASHIN did not know that a sum of about $35,000 a client's money had been paid into his firm's account until he appeared before an inquiry committee, a Queen's Counsel told a three-judge court yesterday. Mr Gavin Lightman, QC,
    476 words
  • Article
    Lock icon Comex gold and silver
    88 22 Reuter COMEX gold futures held minor losses in cautious trading on the start yesterday of the Group of Seven finance ministers' talks in Washington. Traders were also squaring positions on today's US trade numbers. The June delivery was down US$O.7O at U*****.00 an ounce with the
    Reuter  -  88 words
  • Article
    Lock icon Australia cuts duty on cars and ends quotas
    422 22 Reuter THE AUSTRALIAN government has abolished all tariff quotas on motor vehicle imports and announced a phased reduction in the import duty on cars to 35 per cent from 57.5 per cent over four years. The car import duty has been cut
    Reuter  -  422 words
  • LATE FILE
    • Article
      Lock icon KL issues 100m mark Eurobond
      80 22 Reuter MALAYSIA is issuing a 100 million mark Eurobond with a seven-year maturity and six per cent coupon priced at par. lead manager Deutsche Bank AG said. The bond matures on May 2, 1995 and will be issued in denominations of 1,000 and 10,000 marks.
      Reuter  -  80 words
    • Article
      Lock icon Hambros Bank's unique bond
      50 22 AFP BRITISH-based Hambros Bank yesterday launched the world's first multi-currency Eurobond fund in Hongkong. The fund offered Eurobond funds and money market funds in seven currencies comprising the US, Canadian, Australian and New Zealand dollars, the Japanese yen, the British pound and the Deutschemark-linked currencies. AFP
      AFP  -  50 words
    • Article
      Lock icon Jacobs buys into Rowntree PLC
      49 22 Reuter SWISS food giant Jacobs Suchard AG yesterday spent just over £160 million in London's stock market to secure 14.9 per cent of Rowntree PLC, one of Britain's biggest confectioners. In earlier buying. Suchard already held of 2.77 per cent, market .sources said. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Finance ministers open talks
      54 22 AFP FINANCE MINISTERS of five leading industrialised nations opened a meeting in Washington yesterday aimed at reaffirming their resolve to cooperate closely to stabilise the dollar. US Treasury Secretary James Baker met briefly with Britain's Nigel Lawson, France's Edouard Balladur, Gerhardt Stoltenberg of West Germany and
      AFP  -  54 words
    • Article
      Lock icon Philippines goes on full alert
      47 22 AP TROOPS in the Philippines went on full alert nationwide yesterday to block any coup attempt during President Corazon Aquino s visit to China. Mrs Aquino leaves today for a four-day trip to China and Hongkong her first visit abroad since 1986.
      AP  -  47 words
    • Article
      Lock icon Bid to settle Italian crisis
      36 22 AFP ITALIAN President Francesco Cossiga has approved the center-left government formed by Christian Democrat Ciriaco De Mita to try to end Italy's latest political crisis, Mr Oe Mita announced yesterday. AFP
      AFP  -  36 words
    • Article
      Lock icon Afghan issue: documents ready
      56 22 UPI AFP IN GENEVA, UN officials have finished final preparations for the signing of the Afghanistan settlement allowing for the withdrawal of Soviet troops which invaded the country in December 1979. Soviet Foreign Minister Eduard Shevardnadze and US Secretary of State George Shultz will sign two
      UPI; AFP  -  56 words
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      51 22 c An international office furniture company is closing its representative office this month. It has some items of good quality and design that they are offering for sale for cash at: 605 A MacPherson Road #07-01 Citimac Industrial Complex Singapore 1336 on 18 April 1988 from 1030 to 1600 hours
      51 words
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      Page 22 Advertisements Column 2
      4 22 MOVADO he Museum.Watch. 9
      4 words
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  • SHIPPING TIMES
    • Article, Illustration
      Penang box throughput rises by 11.7pc
      338 23 Gains in container sector cushion declines in other areas CONTAINER TRAFFIC through Penang Port surged ahead last year to 125,430 TEUs. This represents an improvement of 11.7 per cent over 1986. In terms of tonnage, the increase was 10.4 per cent to 2.11 million
      338 words
    • Article
      Marine Credit offers new risk management service
      240 23 LEADING INTERESTS in the shipping, accounting and insurance industries are combining forces in a new risk management service for marine lenders and investors. Marine Credit Control brings together Touche Ross, one of the world's foremost accountancy groups, with ship operator and manager Fairwind
      240 words
    • Article
      Lock icon 73 ships stranded on the Danube
      108 23 Reuter SEVENTY-THREE ships, mostly Soviets, are stranded on the Danube in northeast Yugoslavia due to high water, port officials said. They said water levels were gradually falling, but most vessels still could not pass under the Marshall Josip Broz Tito railway bridge in the
      Reuter  -  108 words
    • PORTSIDES
      • Article
        Sydney depots still congested
        121 23  -  From Kingsley Wood MANY SYDNEY shippers complain that the cargo jam in unpacking depots is rising rather than falling as claimed by the authorities One importer has estimated the number of boxes waiting to be unpacked at about 1.500 or 400 more than 10 days earlier
        121 words
      • Article
        Lock icon Nigeria detains Soviet vessel
        98 23 AP NIGERIAN authorities have detained a Soviet cargo vessel in port with 63.000 bags of rice valued at US$2 1 million and intended (or shipment to Chad. Nigeria Radio reported Rice imports were banned last year by the military government. The ship, called the Captain George,
        AP  -  98 words
    • Article
      CONSORTIA
      167 24 THE MAJOR shipping consortia operating between the Far East/European. Far East Persian Gulf. Straits ports'Austraha Straits/Japan and the member lines ACE (FAR EAST/EUROPE): Franco Belgian Services K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang shipping ANRO (STRAITS/AUSTRALIA): Australian National Line Australia Straits Container
      167 words
    • Article
      Thai Customs finalising plans for a privately run box yard
      126 24 THE THAI Customs Department is finalising details for the country's first privately run container yard The yard is meant for containers to be shipped in and out of the Bangkok Port. Mrs Prakong Lilawong, deputy director general of the Customs
      126 words
    • Article
      Lock icon Club warns of gap in insurance collision cover
      751 24 Fairplay THE SKULD P I Club of Norway has warned its members about a gap in shipowners' insurance cover in collision cases where the liability is limited by law and where the owner has Scandinavian hull insurance and English P I cover
      Fairplay  -  751 words
    • Article
      Lock icon Nedlloyd shares hit new high with takeover rumours
      183 24 Reuter SHARES in Nedlloyd Group surged ahead on an otherwise lacklustre Amsterdam Stock Exchange, fuelling rumours that the firm is the subject of a takeover move. The shares hit a new 1988 high on Tuesday of 237 80 guilders before easing to
      Reuter  -  183 words
    • Article
      INDEX TO ADVERTISERS
      825 24 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4 5 Anship Inf'l V 3 Anro Service IV 2/3 ANl 1 1 2 ARC line V 4 API III 2/3 Arrow lines IX 5
      825 words
    • Article
      Lock icon Four killed in explosion on board British tanker
      230 24 UPI A BOILER explosion aboard a British tanker in the Gulf of Mexico on Tuesday night killed four crew members, injured four others and left the vessel disabled. Coast Guard spokesmen said. The 244 m tanker Argo Idona was 122 km east-southeast
      UPI  -  230 words
    • Article
      Rise in Japanese demand likely to boost Aussie iron ore shipments
      480 24  -  From KINGSLEY WOOD in Sydney IN LINE with the boom times that appear to be ahead for all commodity exports, Australian shipments of iron ore could reach record levels this year as demand from the Japanese steei industry increases
      480 words
    • Article
      Lock icon Harland & Wolff in plans to build largest liner
      332 25 Harland Wolff in plans to build largest liner Lloyd's List BELFAST shipbuilder Harland and Wolff is collaborating with an established cargoship owner to produce a design for the world's largest and most expensive cruise ship. Plans for what is believed to be a 3,000-passengership costing between US$4OO million and US$5OO
      Lloyd's List  -  332 words
    • Article
      Approval for National Development to sell National Shipping Corp
      226 25 THE NATIONAL Development Company of the Philippines has received the go-ahead to sell its subsidiary National Shipping Corporation. The shipping company which owns three 20.000-ton Galleon vessels built in 1980 will be sold for a minimum sum of U5526.2 million. The
      226 words
    • Article
      Lock icon Nippon wins order to build bulkers for Alcan
      180 25 Reuter NIPPON Kokan KK has received a preliminary order from Alcan Aluminium Ltd of Canada for two 35.000-dwt bulk carriers, a Nippon Kokan spokesman said. The ice-class ships, to be delivered in 1989, will carry bauxite from Brazil to Alcan's aluminium plants
      Reuter  -  180 words
    • Article
      Lock icon Wan Pao Navigation seeks to resume its share trading
      113 25 Reuter WAN PAO Navigation Co Ltd is seeking to get its share trading resumed in view of the shipping market recovery, managing director Philip Wong said. Trading was suspended last July after a local stockbroker proposed a share swap. The proposal
      Reuter  -  113 words
    • Article
      Lock icon PORT CONDITIONS
      302 25 Singapore National Shippers Council ALL SURVEYS were conducted on March 21 Argentina Buenos Aires Waiting time of up to two days. Bahia Blanca Waiting time of up to two weeks. Australia All ports Normal operation. Bangladesh Mongla 15 vessels operating. Chittagong 15 vessels operating. Brazil Salvador Normal operation.
      Singapore National Shippers Council  -  302 words
    • Article
      Lock icon Bullish sentiment fading on the Baltic futures exchange
      297 25 Reuter BULLISH sentiment on the Baltic International Freight Futures Exchange (Biffex) earlier this year is fading, with the market again showing double figure losses during Tuesday's session. The market rose sharply in the first quarter of this year on the expectation that
      Reuter  -  297 words
    • Article
      SHIPPING LIST where your ships are due...and when
      7623 30 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      7,623 words
    • Article
      BUNKER QUALITY MARKET REPORT
      127 30 Area/Port Viscosity Density Water CST at 50C G/ML at 15C Volume 0/0 Africa/Red Sea Jeddah 167/186 0.952/0.956 0.4/1.2 Durban 130/191 0.985/0.993 0.0/0.5 Arabian Gulf Ras Tanura 99/171 0.941/0.956 0.0/0.1 Bahrain 182/182 0.977/0.977 0.1/0.1 Europe Rotterdam 32/432 0.947/1.008 0.0/1.0 Hamburg 36/363 0.952/0.991 0.0/0.4 Le Havre 27/359 0.924/0.987
      127 words
    • Article
      SHIPS IN PORT
      1162 31 AT CONVENTIONAL WHARVES Vessel KEPPEL WHARVES Boot U S*»n <0 He«g ■Co'o Va *om o <o*o yVo'/a I n "9 3 B'oo«e 1 Nosboi Ou*e»" D*- s SNmi Sc-'-a U'CKJ* S *,-N G o r v Bo, < b KMll {krceo«a QWN^. S«*o*or S^Oci* s S"0 *S
      1,162 words
    • Article
      LONDON FREIGHTS
      1307 32 CHARTERING remained fairly subdued on Tuesday, with no fresh fixing seen on the important grain voyages from the US Gulf to the Continent or Japan, shipbrokers said Grain chartering from the Gulf to Japan reported on Monday at USS26 50 is now said to have involved the Panamax
      1,307 words
  • Page 23 Advertisements
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      873 23 TIMES STP Distributors OKJENT Overseas Container LINE JARDINE SHIPPING AGENCIES (Reg No *****4 00K) 200 Cantonment Road #12 05 SouthpoiY Singaoo'f 0208 Mil*/ Tel *****11 TELEX NO RS ***** VCTTTBVI TERMINAL CFS TH *****18 220 1 BOOKINGS Tel *****34 235 JARDINE SHIPPING AGENCIES SON BHD niPTHNPORT KELANG TEL *****18 Telei
      873 words
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      Page 23 Advertisements Column 2
      87 23 [KMDB THE SKULD P I Club of Norway has warned its members about a gap in shipowners' insurance cover in collision cases where the liability is limited by law and where the owner has Scandinavian hull insurance and English P I cover. Page II BELFAST shipbuilder Harland and Wolff is
      87 words
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      Page 23 Advertisements Column 3
      631 23 TIMES STP Distributors *P! MAERSK LINE A NEW STANDARD IN SERVICE A BETTER WAY TO OAKLAND SIN OAK— 17 DAYS! LPK OAK— 23 DAYS! PEN OAK— 22 DAYS! This week Luna M Closing Time CY 20.4 2300 MRS CFS 20/4 1300 MRS Europe UK Scandinavia Finland To: Mediterranean Sea u
      631 words
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      574 24 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG KOWLOON BAY THAMES MARU BENAVON OSAKA BAY KITANO MARU CITY OF EDINBURGH BREMER R DAM HAVEN ANTWERP LE HAVRE 22/4 I 23/4 I 24. CALLING #KOBE 29 4, TYO 3 5 SOUTHAMPTON P KELANG CONV/SEMI-CONTAINER SERVICE TO MED
      574 words
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      Page 24 Advertisements Column 2
      17 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 24 Advertisements Column 3
      386 24 CHARGEURS REUNIS SINGAPORE ENOUIRIES *****44 FAX *****51 Optorg Shipping Pte. Ltd Port keiang *****01/2/3 Petaling J»r» Penang *****5 EL M A EMPRESA UNEAS MARITIMAS ARGENTINAS (ARGENTINE NATIONAL LINE) Loading lor loadinj for S pore Penanj DBS C. Town *Rio Santos M »ideo B Aim S pore Labuai SAN JOAN CDN
      386 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1050 25 The Straits Steamship Group (uEF. Mansfield Container Shipping Pte Ltd P&O Containers (CONTAINERSHIP SERVICE TO UK/CONTiNENT^} Calling Koto Nagoya To*yo Calling Buun Koto. Nagoya Tokyo. Kao 1 H'Konf GULF SERVICE 15n 17/5 I*s 20/5 22ft Accepting cargo to Doha. A. Dhabi. Mombasa. B. Abbas t Oar-es-sallam via Dubai Also accepting
      1,050 words
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      Page 25 Advertisements Column 2
      641 25 EUROPE j'l'j'W I il wf 000 22.04 Wf 007 MBS SENATOR LIN IE •1 M i iMin TAIWAN SENATON JAPAN SENATM WF M 114 #5 wf m aos I'M General Agent izmr. ASIAN SEMTM EE IM lIM EE 111 17.04 EE 111 2504 IILJ 1. 11l 1 USA/PANAMA ie-i 000
      641 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      409 26 HIS I NOSE J MARITIME PTE LTD i^= Ea ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN TAKHTI IRANIAN SERVICE Singapore Loading for:30)4 BANDAR ABBAS KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 10/5 LAE, PMB. RBL, HRA MICRONESIA SERVICE OCEANIA EXPRESS Vl2 13/4 GUAM, SAIPAN OCEANIA EXPRESS V-13
      409 words
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      Page 26 Advertisements Column 2
      512 26 *2>Llt*E Iff* IMWt CW'MI FULLY CONTAINERISED SERVICE FUIIV CONTAIN!RIStD TO FROM NORTH AMERICA MS! COAST CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S PORE LOADING FOR SPARKLE SUN AC 17 Sid DUBAI. DAMMAM. KUWAIT GEN AGENTS CROWN MARINE CO (PTE) LTD TEL: ***** M (9 Lines) FAX NO: *****69 SUB
      512 words
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      Page 26 Advertisements Column 3
      313 26 Wa k FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO DUBAI: SAILING 23/4 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER. TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA ALGIER ISTANBUL U-S-A. PAPUA NEW GUIMFA PORT MORESBY, RABUAL, LAE ft MADANG NEW CALEDONIA FIJI ISLANDS NOUMEA SUVA/LAUTOKA 21/5 21/5
      313 words
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      Page 26 Advertisements Column 4
      931 26 M r JCZ& anirriiNLx i i.vita, inursaay, April ii, i»oo EVERGREEN Full Container Service lound-The-World East Bound (FE/CARIB/USEC/EURO/FE) sSss?ss?stg« ST s5? i!ssSlJlss»«s33 3 ever growth im n~ o% XT 'J? "J EVER GRAND »J EVER CLAMOUR *5 Uli 13/5 I*s 17/? EVER GENERAL MA lift I*S 21/5 24/5 27ft JO/5
      931 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      784 27 r %5 PACIFIC INTERNATIONAL LINES «V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL KOTA EAGLE MAJAPAHIT OOWA VOY SIN JKT sav VOY (MSB 10/4 IK 20/4 10NB IMB 23/4 20/4 20/4 20NB 2358 7/5 10/5 1 2/5 24M8 SIN POD HKG KAO
      784 words
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      Page 27 Advertisements Column 2
      291 27 &NORBUL ra NORBULK CARGO SERVICES LTD. "s'" REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAKISTAN PORTS NORBULK NBJO2 LOADING FOR TOKYO/INCHON -LOADS INDONESIA PORTS SUBJECT TO CHANGE WITH/WITHOUT PRIOR NOTICE SPORE MARATHON UNITED AGENCr PTE LTD TEL 2226J66 KL PK S P YEO SHPG TRDG KL :&3%44
      291 words
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      Page 27 Advertisements Column 3
      522 27 1 ia BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT T«*r« ky *IIHM Hsru T«lu» Eifrnt EXPRESS CONTAINER SERVICE FROM UK/CONTINENT IMIVI 1M 1W m I1M 1M |Li MJ jjia Crty of EJ.nburjfi IM 71/4 22/4 74* 7*4 K*«»»uri Hani 7*4 7*4 C»rd«« 9a, 3/5 Sfl ALL VESSELS ACCEPT TRANSHIPMENT
      522 words
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      Page 27 Advertisements Column 4
      564 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUOEM INDONESIA e P.T. TRKORA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE jVSI/VOY S PORE BILBAO ANTWERP H BURG/ 1 RDAM ADAM BREMEN LJ. BONTANG/14WB 1-3/5 9/6 12/6 SRIWIJAYA/23W8 10-13/5 20/6 24/6 OCEAN PP'MA lOWB 20-22/5
      564 words
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      Page 27 Advertisements Column 5
      389 27 BOUSTEAD SHIPPING AGENCIES J* pagan vuwr PA-AN VI23W HTONEYWA V234W BASSE IN V/» PAGAN VI27W BURMA FIVE STAR (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 1/13 Apr 15/17 Apr 12/13 Apr 18/20 Apr a/22 Apr 2312* Apr 30 Apr/2 Bftay BANK LINE service HEAVY LIFT CAPABILITY TAUSALA
      389 words
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      682 28 K'link KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST VOY *INDO ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM •PK/PNG SGP ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM VIA FEEDER •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST CHICAGO NYC VOY LA/LB MOTHER VESSEL GEORGE WASHINGTON BRIDGE MANHATTAN BRIDGE HENRY HUDSON BRIDGE
      682 words
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      Page 28 Advertisements Column 2
      396 28 bb~LU Accepting LCL and containerlaad cargo** Dlract to South Africa NEDUOYD COLOMBO 5234F OSAKA MARU &S39F VIRGO 0301F OSAKA MARU 4938G ANJOU OltC HAYAKAWA MARU SO37G Spore Durban P.Eliz C.Town 21/4 11/5 13/5 VIS 10/5 23/5 25/3 24/5 17/5 1/S 1/6 9/6 JARDIN e SHIPPING AGENCIES (REG *****4/ OOK) 200
      396 words
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      Page 28 Advertisements Column 3
      843 28 s3c»3££ INDIA EXPRESS CONTAINER SERVICE Mother Vsi INDIAN COURIER V 29N 14 Aor ORIENT SUCCESS W 106 1J Apr SO ANDMRA PRADESH V17M17 Apr TICER BAY V 35 ORIENT SUCCESS V 1«7 INDIAN COURIER V 30N S O MANIPUR V ]7M TICER BAY Y X ORIENT SUCCESS V 101 S
      843 words
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      Page 28 Advertisements Column 4
      736 28 STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Karachi'Dubai Damnum GOLDEN HARVEST Colombo Karachi Dubai CHINA SERVICE MINFU Huangpu Shanghai DAI YUN SHAN Dalun GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. Teiok Ayer StrMt SINGAPORE 0104 TEL U4JW (10 LINES) Fai S34JSO4 JLF SERVICE: S'pore P Keianj Penang ibai Dammam 24/25 Apr
      736 words
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      Page 28 Advertisements Column 5
      582 28 onirrinvj limes, inursuay, April 14, i»oo ®a PHIU OniCNT LIN€S PT€ LTD HEAD OFFICE 63 BO»iNSON ROAD -07 12 I AFRO ASIA BUILDING SINGAPORE GICS 1 TELEX RS ***** PHILI FA* *****76 MIDDLE EAST/TAR EAST FCL LCI SERVICE ETA SINGAPORE ISM. 22/4. 2M DESTINATION DUBAI. DAMMAN KUWAIT. BOMBAY DOHA MUSCAT.
      582 words
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      844 29 S pore NEPTUNE AGENCIES PTE LTD General Enquiries: Tel: *****77 Tel No Terminal CFS BOOKINGS *****22 *****53 p Keiang NEPLINE SON BHD VMU! K Lumpur NEPLINE SON BHD. *****33 FE EU/AUST TPA/SEA *****53 *****42 *****19 *****1 *****11 ***** INWARDfOUTWARD Mrnn IHP vun,, oww inward outward Nbr I UNE OR ENT
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      468 29 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG. BUSAN. INCHON STRAITS/KOREA SERVICF Vessels Name ETD BS BKK S PORE PKELANC BUSAN No 7 Donam 804N 02« 14tf/04 17 19/04 n/4<Bfl No Donam 803N 06/04 17/04 20 22/04 23-24/04 04f0S •Cloruflo4N 14/04 28/04 01-03/06 04-05/05 19/05
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      791 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** rtJVANG p wri mks; ayss?4gr ,bo J* T1 *****1 *****1 TU MA ***** FEBLOS" 22*TuMBC Mam M*,
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      13 29 Mania 4 MADJU SENDIRIAN BERHAD "20-12 Tonq Eng Building. Singapore 0106 Tel: *****87
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      384 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 -30 lines- 'AX 2252*39 22*89*6 TILEX RS ***** A B SSCVA RS ***** A 8 SSCAC VE.B DEUTFRACHT/SEEREEOEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO: Accepting cargo for INDIA BofrDay. Cochin. Madras Calcutta ""VIA LARNACA Accepting cargo for Lattahia. Piraeus, Thessaloniki, Izmir,
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  • Page 30 Miscellaneous
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      Page 30 Miscellaneous Column 1
      163 30 Regional Weather m SI r. 9 1 m ss SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. V 4, W»o<J (VecfK>n w»tt> speed m knots R Thu«<*^. W m Temper o»ix« c A Weaker Wmd d*ect»on »rth speed m knots a Rom Wa h ,gh wind* Off «nd»COted
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      1567 31 WAREHOUSING A TRANSPORTATION LCL Acceptance Closing Far East: Bangkok 18/4 Hongkong 20/4 Keelung/Kaoshiung 15/4 Manila 21/4 Australia: Sydney, Melbourne 21/4 USA: Los Angeles, San Francisco, 21/4 New York, Oakland WAREHOUSING TRANSPORTATION PTE LTD 44 Benoi Road Singapore 2262 Tel: *****60. *****24 Tlx: RS ***** Fax: *****97 LTIMATE I FREIGHT SERVICES
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      187 31 i I UNIPACIFIC TRANS TRADING AGECY PTE. LTD. 00 IRAQI LINE '■•PI *™T| (NTfRPRISf 10* MARITIME MV ALFARABI MV ALFARABI EAST BOUND SERVICE ETA S PORE LOADINC FOR ,n Port Y hjma Kobe Chiba Kawasaki Yawata WEST BOUND SERVICE eta s pore loading for 15 4 ieddah Aoaba BagnMß ETA
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      331 32 Hai Sun Hup Co (Pte) i x_l TEL *****06 (20 Lines) TLX RS ***** RS I \SI I KN CAR I INI K. I I I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS TAIWAN CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS
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      Page 32 Advertisements Column 2
      507 32 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/WIEXICO AND FRENCH WEST INDIES Sport LeHanre Connecting VSI l*/< 5/5 ATI. CARTIER 2514 U;5 STUTTGART EXP 2/5 19/5 NUERNBEG ATL T I*°" l^| Montreal. ESUfiu flhfSSfi* Ka NewYort KORRIGAN V 122 2/5 19/5 NUERNBEG ATL Baltimore 1- 1 Portsmouth,
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      Page 32 Advertisements Column 3
      233 32 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK Agent NIHON-ASIA SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** 111 M O SHIPPING 2!"" *E pp £L road juniu pte LT hous£ TIMBER/BREAKBULK SERVICE JPN CHINA R **GOON S PORE BKK SRWK INDIA LATANGAN V 97 In Pt
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      789 32 /M CALL US AT P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE J K. LUMPUR *****53/*****11 04-*****2/4. *****3 07-*****8 07-*****3. *****5, *****0. *****1 02 *****22 *****88 yEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANC t» B BUTANC 437 S BUTANC 4J9 B BUTANC 441 P KELANG MTHR VSL
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