The Business Times, 8 June 1990

Total Pages: 44
1 44 The Business Times
  • 10 1 Business Times MCI (1>) 170/12/89 Friday June 8 1990 75*
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  • NEWS SUMMARY
    • 43 1 SOVIET President Mikhail Gorbachev yesterday called for the Warsaw Pact to remain in spite of pleas by some allies to dissolve the Eastern military alliance. The Soviet leader added that the alliance must change radically to survive.
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    • 24 1 TWO LEADING scrap metal traders, with a combined annual turnover exceeding $70 million, are moving aggressively into related areas. Page 2
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    • 37 1 CITING price as the deciding factor, the Urban Redevelopment Authority yesterday said it has awarded all 84 terrace houses in the Townerville tender to three companies belonging to property tycoon Ng Teng Fong Page 2
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    • 30 1 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad is confident the economy will achieve growth in excess of 8 per cent for the fourth straight year Page 7
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    • 38 1 THE US HOUSE of Representatives has voted to forbid the sale of US computers, telecommunications equipment and other high-tech goods to the Soviet Union until it ends its economic boycott against Lithuania Page 8
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    • 33 1 A COMPARATIVE study of more than 3,000 Chinese and Chinese-Americans has given new support to the importance of exercise and diet in avoiding cancer, a US researcher says Page 15
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    • 36 1 LOCAL SHIPBUILDER Sin Koon Seng, a near casualty of the shipbuilding slump during the mid-1980s, is making a strong comeback with plans to set up its own $24 million yard. Shipping Time Page 1
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  • MARKETS SUMMARY
    • 44 1 THE New York stock market turned upward yesterday morning, bidding to recover from a two-session setback. The Dow Jones average of 30 industrials, down 23.54 points over the past two trading days, climbed 0.97 to 2,912.62 at 10.30 in the morning.
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    • 30 1 LONDON share prices were broadly higher at mid-session yesterday after an initial markdown prompted some bargainhunting. The FTSE Index was up 18.4 points at 2376.9 by 1054 GMT.
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    • 38 1 MALAYSIAN entrepreneur Vincent Tan is widely expected to make a bid for four-digit operator Magnum Corp Bhd, following the proposed sale of the latter's prime property subsidiary to General Lumber Holdings Bhd Page 3
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    • 17 1 BROKERS see MBf Holdings as a recovery stock and advise a 'buy' Page 3
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    • 15 1 DBS BANK awards a $171 million redevelopment contract to Ohbayashi Page 6
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    • Article, Illustration
      29 1 Thursday Change BT-MGA 796.80 +5.61 Kuala Lumpur ....585.74 -0.76 Hongkong 3,145.30 -27.19 Tokyo 33,192.50 -239 Sydney 1,508.8 -18.5 Wednesday Change New York 2,911.65 -13.35 London 2,358.50 -21.6
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    • 24 1 Exchange rates USS ss 1.8470 Yen (100) S$ 1.2104 MS SS0.6828 Money market rates Overnight 4 1/2% +2 1/2 3-month 7 3/8 +1/8
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    • 38 1 London Gold PM fix US$352.80 -6.70 Rubber S'pore July 157.25 «/kg +0.25 M'sia July 229.00*/kg unch KL Tin Turnover 78 tonnes +13 Spot M$16.66/kg +0.02 Crude palm oil futures Turnover 857 lots -32 June MS663 /tonne -2.00
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  • 388 1  -  By Genevieve Cua FRENCH companies are making a concerted effort to increase their presence in the region and many have chosen Singapore as their base of operation. In the next year or two, Singapore is likely to see a surge in French manufacturing
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  • 314 1 ATOCHEM, a subsidiary of French chemical giant Elf Aquitaine, is planning investments of up to an estimated US$4O million in Singapore. The first leg of its expansion is in place as engineering plans are being drawn up for a US$3O million polystyrene plant in Tuas.
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  • 184 1 Bernama MULTI-PURPOSE Holdings Bhd has decided to withdraw from the shipping business and sell its entire shipping fleet owned by subsidiary Multi-Purpose Shipping Corporation Bhd. Its fleet, comprising eight motor vessels, is to be sold either en bloc or on a piecemeal basis. The market
    Bernama  -  184 words
  • 127 1 AFP INDONESIA'S export revenues surged to US$5.7B billion in the first quarter of this year, up by 14 per cent from the corresponding period last year. Speaking after a Cabinet meeting in Jakarta yesterday. Information Minister Harmoko said export earnings from non-oil commodities grew to
    AFP  -  127 words
  • 509 1  -  From Catherine Ong in HONGKONG SINGAPORE PRESS Holdings and the United Overseas Bank group have beaten major Japanese publishers to a coveted 14 per cent stake worth HK5646.8 million (S$ 158 million) in the South China Morning Post, Hongkong's leading English
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  • 391 1  -  By Yong Pow Ang AUSPICIOUS circumstances inside and outside of Singapore are ushering in a new phase marked by the passing over of leadership to Mr Goh Chok Tong, said President Wee Kim Wee last night when he opened the second session of the Seventh
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  • Page 1 Advertisements
    • 341 1 OF LONDON Writing Instruments fashion Watches Pocket l ighters Executive -Gift Sets Riny Xt.s Dolly lan for a Free catalogue today. Anton Tan Agencies Pie Ltd Tel: 272-1143 THE POWDER KEG THAT IS YOUTH 10 WHERE AMERICANS FEAR TO TREAD 11 HAM, HOGS AND HULLABALOO 12 Aircraft Schedule 25 Money
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    • 87 1 More stories on Pg 3 Lifestyle methods must change to > Penelope Lively a new corporate structures. doesn't believe in God, but •How East Bloc plays God in her novels. fhTt There and jdST* fiK fl^L Will Lancia's following in after central planning. the arrival of the Dedra? Investment Finance
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    • 84 1 Quadruple Zoom+Auto Two-Color. MINOLTA SCMP to invest in new printing presses, Pg 3 jUS E- H Join us at the top. Enjoy the best Beijing IP gA cuisines specially prepared by our master .Mt Slv chef. All yours to savour, amidst the grand 4|| 99f HRH panorama of the city
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  • HOME NEWS
    • NEWS ROUNDUP
      • 112 2 SINGAPORE has been ranked the top convention destination in Asia and among the top 10 in the world for the seventh year running, based on a study by Union des Associations Internationales of Brussels. The results were announced following the 1989 UAI statistical study on
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      • 74 2 MARKET leader Shell announced cuts in pump prices of petrol and diesel products from last night. Formula Shell Super was reduced by 2.2 cents to 108.1 cents per litre while the price of Formula Shell Extra was reduced by the same amount to 100.5 cents per
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      • 64 2 SOME 12,000 Singaporeans came to catch a glimpse of the Singapore of tomorrow at Singapore 2000 Global Technopolis, the mega exhibition being held at the Changi International Exhibition Convention Centre. An Economic Development Board statement yesterday said among the early birds were a number of
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      • 58 2 PRESIDENT Wee Kim Wee will be given a Maori traditional welcome when he arrives at the World Trade Centre's Star Theatre to open the 25th anniversary "Carnival" today. A 25-member Maori troupe, known as the Waikato Maori Cultural Group, from the visiting New Zealand frigate, HMNZS
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    • 477 2  -  By Claire Leow TWO LEADING scrap metal traders, who together have annual turnover exceeding $70 million, are moving aggressively into related areas. Chemet Handel (S) Pte Ltd, until now focused on trading, will invest $3 million on a plant with warehouse facilities, and
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    • 468 2  -  By Lee Hen Shih CITING price as the deciding factor, the Urban Redevelopment Authority (URA) yesterday said it has awarded all 84 terrace houses in the controversial Townerville tender to three companies belonging to property tycoon Ng Teng Fong A URA statement said the
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    • 418 2  -  By Wilton Morais RIDING on the back of a 14 per cent rise in turnover in the last quarter, Scottish disk drive maker Rodime pic yesterday announced that it would be injecting US$lO million to US$l5 million more in its Singapore operations
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  • Page 2 Advertisements
    • 169 2 Calling London? Remember the change. From now, all IDD calls and faxes to the London area will change from Area Code (01) to (71) for inner London and (81) for outer London. All telephone numbers All telephone numbers first 3 digits below will be changed first 3 digits below will
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 504 3 MALAYSIAN entrepreneur Vincent Tan is widely expected to make a bid for fourdigit operator Magnum Corp Bhd, following the proposed sale of the latter's prime property subsidiary to General Lumber Holdings Bhd earlier this week. A general offer by Mr Tan,
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    • 530 3 GENERAL LUMBER Holdings, the flagship company of bumiputra businessman Wan Azmi Wan Hamzah, has announced its third purchase in a week the entire equity of Syarikat Trimal for MsBs million. Trimal is a property development company associated with the family
      530 words
    • 472 3  -  From Catherine Ong in HONGKONG THE SOUTH China Morning Post (SCMP) is investing HK$lOO million (Ss24 million) in new printing presses as part of its strategy to expand its news coverage. A draft prospectus on its proposed offer of shares to the public
      472 words
    • 401 3 MARKET TALK Bernama INVESTORS have been advised to accumulate MBf Holdings Bhd's shares as the company is expected to show improved results in the current financial year ending Dec 31, 1990. "MBf Holdings is on the path to complete recovery and at a prospective
      Bernama  -  401 words
    • 496 3 Bernama MULTI-PURPOSE Holdings Bhd (MPHB), which reported a group pre-tax profit of M 530.1 million for the year ended Dec 31, 1989, is optimistic of an improved performance in the current year. Chief executive Lim Thian Kiat (T K Lim) said in the
      Bernama  -  496 words
    • COMPANY BRIEFS
      • 77 3 PILECON ENGINEERING Bhd expects its results this year to be better than in 1989 in view of the continuing upturn construction activities and increased contributions from it£j overseas subsidiary and associated companies. Chief executive director Hong Lee Pee said in the company's 1989 annual report that
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      • 98 3 UNIPHOENIX CORPORATION Bhd's (UCB) 19,298,333' new ordinary shares of Msl each will be listed and quoted under the property sector of the Kuala Lumpur Stock Exchange (KLSE) from June 11, the exchange said in a circular. The shares were issued under UCB's acquisition of the entire
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    • 375 3  -  By Elaine Koh THE YISHUN property project, which is a joint venture between Cold Storage Holdings (CSH) and Centrepoint Properties Ltd (CPL), could yield a potential gain of $30.1 million when completed by end-1992. The cost of building the multi-storey commercial complex
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  • Page 3 Advertisements
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 97 4 TAIWAN'S top economic planning body said plans to privatise 19 state firms were being blocked by parliament, which has not passed enabling legislation. "Our move to privatise state firms is now blocked in the parliament. We do not know when the first state run company
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      • 80 4 CHINA LIGHT and Power Co Ltd has invited four major property developers to review the redevelopment potential of its 700,000 square feet power plant in Hung Horn, Kowloon, a company spokesman said. The four developers are Cheung Kong (Holdings) Ltd, Sun Hung Kai Properties Ltd, Swire
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      • 80 4 PRIVATELY owned Tenpine Ltd will buy 70.35 per cent of Hongkong-listed Shun Ho Property Development Ltd for HK5341.38 million. Tenpine said it had agreed to buy 273.1 million shares in Shun Ho Property, in which Hongkonglisted Shun Ho Investments (Holdings) Ltd has a
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      • 90 4 BURNS, PHILP and Co Ltd has agreed to buy the Australian timber and hardware businesses of British company Meyer International pic for about Asls million. Bums, Philp said the deal, to take effect from July 2, would further enhance the company's position in the builders'
        90 words
      • 80 4 SANTOS Ltd plans to sell its subsidiary Peko Petroleum (UK) Ltd, which has 10 offshore licences and seven onshore in the UK. The company's main assets are interests in three offshore fields. Its share of their oil production is around 300 barrels per day (bpd).
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      • 90 4 ELDERS IXL Ltd said its capital return programme has been deferred until it establishes terms and conditions for new financing. Company secretary Charles Faggotter said in a statement in response to a letter from the Australian Stock Exchange that Elders' planned asset sales were progressing
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      • 89 4 JAPANESE electric tool maker Makita Electric Works Ltd has projected group net profit of 15 billion yen in the year to March 31, 1991. It earlier reported net profit of 4.56 billion yen in the six months ended March 31, 1990, after 8.12 billion in
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      • 93 4 MITSUBISHI Pencil Co, Japan's top writing instruments maker, has acquired a British stationery company, Royal ♦Sovereign Ltd, for £8.6 million. The Japanese company will *use the British firm's sales network to sell its products in while Royal Sovereign continues to sell stationery "products under its
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    • 124 4 Bernama MELIA HOTELES, a Spanish hotel management group, has taken over the management of the Park Avenue Hotel in Jalan Imbi in Kuala Lumpur. A hotel spokesman said the 309-room businessman's hotel has been renamed the Melia Kuala Lumpur in line with the name of other
      Bernama  -  124 words
    • 702 4 AFP NEW ZEALAND'S Labour government has moved a step closer to the controversial sale of the state-owned Telecoms Corp. The telephone company was expected to fetch between NZ$3.5 billion and NZ$4 billion, though State Owned Enterprises Minister Richard Prebble would not
      AFP  -  702 words
    • 226 4 Bernama SANYO INDUSTRIES (M) Bhd has raised its pre-tax profit projection for the current year to Ms 2 million from M 5820,000 forecast previously. "Sanyo is really climbing out of the doldrums after suffering losses for the past four years," its president and
      Bernama  -  226 words
    • 645 4 Reuter MANY FOREIGN stock brokerages in Tokyo have scored record profits in the year to March 31 and analysts see earnings swelling again this year despite an anaemic market. Market analysts and brokerage executives attribute the robust performance to overall increases in commission income,
      Reuter  -  645 words
    • 489 4 NYT THE JAPANESE government has chosen American technology as a nationwide technical standard for its next generation of cellular telephones. Technical standards and procurement policies in the Japanese cellular industry have been a source of friction for six years between the trade rivals.
      NYT  -  489 words
  • Page 4 Advertisements
    • 265 4 CRANFIELD SEMINARS by CRANFIELD SCHOOL OF MANAGEMENT and KPMG PEAT MAR WICK MANAGEMENT CONSULTANTS PTE LTD. Top Management Seminars By One Of Europe's Leading University Management Schools To Provide Managers With The Skills To Excel! L—— TAKING STRATEGIC FINANCIAL CONTROL by Professor Alan Robson 9 10 JULY 1990 FEE: Ss9Bo
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 81 5 SHELL Nederland BV is considering a two billion guilder (US$625 million) modernisation of its 348,000 barrel per day Pernis refinery in Rotterdam. The plans are designed to improve the competitiveness, structure and efficiency of the refinery and to reduce its impact on the environment,
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      • 74 5 TOYS 'R' Us expects to be able to open five or six stores in Japan in 1991, chief financial officer Michael Goldstein said after the company's annual shareholder meeting Before the meeting, the Toys 'R' Us board of directors approved a three-for-two stock split,
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      • 122 5 US SEMI-CONDUCTOR maker Intel Corp said it would be building a plant in Ireland as France had not seemed sufficiently interested in hosting the factory. "We were unable to obtain all the attention we would have hoped from the authorities, and that is a
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      • 85 5 THE PORTUGUESE government will privatise its 51 per cent stake in the brewery Uniao Cervejeira SA (Unicer) this month, president Jose Soares da Fonseca said. The sale of 3.31S million shares will take place in four stages, ending on June 28. Staff will be able
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      • 88 5 AN ANNUAL shareholders' meeting authorised French drinks and luxury goods group LVMH Moet Hennessy Louis Vuitton to issue up to five billion francs in bonds to partly finance its extra stake in Guinness pic. LVMH supervisory board chairman Frederic Chandon de Briailles said the
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      • 77 5 w O BELGIAN electricity companies Ebes SA, Intercom SA and Unerg SA set in principle terms for a merger to create a new company, Electrabel SA, with a stock market capitalisation of 200 billion francs, according to a newspaper report. The creation of Electrabel will
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    • 332 5 Reuter BRITISH-BASED mining conglomerate Lonrho pic, controlled by tycoon Roland "Tiny" Rowland, has reported a 34 per cent rise in group profits to £110 million in the half year to March, helped by good sales of platinum and gold. Although the figure was
      Reuter  -  332 words
    • 368 5 Reuter FORMER Guinness pic chairman Ernest Saunders, on trial for theft and fraud in the brewing giant's takeover of the Scotch whisky firm Distillers, has said he would not knowingly break the law for the sake of business. Saunders, who denies the IS
      Reuter  -  368 words
    • 388 5 NYT IN A SIGN that the retail divisions of Campeau Corp were improving faster than expected, Federated Department Stores and Allied Stores are expected to report narrower losses for the fiscal first quarter ended April 30 compared with the year earlier. The improvement
      NYT  -  388 words
    • 124 5 Reuter BREWING group Bass pic has agreed in principle to sell four Amsterdam-based Crest hotels to Buckingham International pic, a hotels to nursing home group, for an undisclosed cash sum. Several brewing analysts in London estimated the four Amsterdam-based hotels will have fetched
      Reuter  -  124 words
  • Page 5 Advertisements
    • 246 5 dk nonary defines the word nstincts and free market over the years. H process of extracting essence from a substance. Michael Chiang follows, and in his inimitable I That's exactly what you'll find in Singapore: Island. fashion, unveils a Sin-Sin-Sin-gapore hitherto fl City. State. unseen by most Singaporeans. Pang Cheng
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  • FINANCIAL NEWS
    • 388 6  -  Fran Florence Chong IN SYDNEY THE chief executive of Hongkongßank in Australia, Mr James Yonge, has joined more than 70 staff of the bank who have lost their jobs with the bank this year. When Mr Yonge, one of Australia's best known bankers, refused to accept
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    • 324 6  -  By Quak Hiang Whai DBS BANK has awarded a 171 million contract to Japanese building contractor Ohbayashi Corporation to design and build a 38-storey office tower and an adjoining carpark block to replace its present low-rise podium block. The total built-up area of the
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    • SMALL CHANGE
      • 62 6 SWITZERLAND has asked to join the 152 countries in the International Monetary Fund, which plays a key role in the world's financial system. Applications are also pending from Czechoslovakia and Bulgaria. China, Poland, Hungary and Romania are already members. Soviet officials have said they would
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      • 59 6 THE Abu Dhabi-controlled Bank of Credit and Commerce International, one of the world's largest non-quoted banks, is cutting about 500 British jobs and closing 17 UK branches as part of wide-ranging rationalisation plans. The final figure of job cuts by the bank internationally of its
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      • 65 6 BOLIVIA soon hopes to become the first developing country to buy back all its commercial bank debt at the secondary market discount. Government officials say they have sufficient donations from developed nations to buy down the outstanding USS226 million in principal owed to commercial
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      • 67 6 SHAREHOLDERS in New Zealand's United Building Society (ÜBS) on Wednesday voted in favour of a takeover by the State Bank of South Australia despite an 11th hour intervention by Australia's Westpac Banking Corp. State Bank will inject NZ$ 150 million in equity capital and pay shareholders
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    • 260 6 Capital outflow may push Taiwan lower Reuter SHARPLY rising capital outflow from Taiwan could create pressure for a further depreciation of the local dollar, a Taiwanese central bank economist said. The economist, who declined to be named, said much of the outflow was caused by speculators, who hoped the central
      Reuter  -  260 words
    • 465 6 Reuter COMMERCIAL banks, concerned about mounting back interest payments from debtor nations, got a sympathetic ear from government officials, but little else at the International Monetary Conference in San Francisco which ended on Wednesday. "There is some sympathy for the banks, but
      Reuter  -  465 words
  • Page 6 Advertisements
    • 1689 6 SOON TECK FINANCE (SINGAPORE) LIMITED (Incorporated in Singapore) BALANCE SHEET AS AT 31ST DECEMBER 1989 F,XED ASSETS Notee IMS 1988 rWltt IMS off tee equpment, SS SS leasehold air-conditioners Motor SHARE CAPITAL AND RESERVES prop Sty and computer vehicles Renovation Total SMrs caotaJ 6 3.500,000 3.500.000 Coat SS M S$
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  • Page 6 Miscellaneous

  • THE REGION
    • 417 7 MBT MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad is confident the economy will achieve growth in excess of 8 per cent for the fourth consecutive year. Investments in the first five months of the year alone have exceeded the total for the
      MBT  -  417 words
    • 272 7 Bernama FOUR American labour unions have so far petitioned for the withdrawal of Malaysia's electronic products from duty-free treatment under the Generalised System of Preferences (GSP). The latest is from the International Brotherhood of Electrical Workers (IBEW) in Washington which cited
      Bernama  -  272 words
    • 204 7 AFP THE TINY South Pacific country of Tonga is offering passports to residents of China, Taiwan and Hongkong under a 20-year land-lease scheme, a spokesman for the Tonga consulate in Hongkong said yesterday. Tongan passports will be issued to people who sign up for
      AFP  -  204 words
    • 200 7 AFP NEW ZEALAND'S tiny Chinese community fears a preelection backlash against Asian immigration will lead to the return of official discrimination, a leading Chinese academic has said. University of Auckland lecturer Ip Man-ying said an "anti-Chinese undercurrent" seen in "sensational outcries against the Asian invasion
      AFP  -  200 words
    • 318 7 MBT THE Johor State Economic Development Corporation (JSEDC) will develop 11 new industrial estates covering a total area of 3,149 ha by 1995 to meet the needs of increased investments in the state. With increased investments pouring into the state there is a need
      MBT  -  318 words
    • NOTE BOOK
      • 121 7 THE EUROPEAN COMMUNITY has called on the Burmese army to hand over power "without delay" to the victorious opposition and immediately release political oners. The opposition National League for Democracy more than 80 per cent of the votes in last month's and the Burmese are
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      • 122 7 AUSTRALIA'S unemployment rate rose slightly last month to' v a seasonally adjusted 6.3 per cent, the Australian Bureau of Statistic reported in Canberra yesterday. The figure was up* from the 6.2 per cent recorded in the previous month and iri May last year. The unadjusted
        122 words
      • 130 7 THE PHILIPPINE Justice Secretary yesterday said the military may have planted evidence to justify holding communist rebels and that a recent Supreme Court decision involving Senator Juan Ponce Enrile may allow extremists to go free. Secretary Franklin Drilon made the remarks in Manila tw6j days after the
        130 words
  • Page 7 Advertisements
    • 260 7 A lighter workload by Compaq. of 40 or 20 MB Fixed Disk Drive, a built in 3 /i comma < V COMPAQ. Registered U.S. Patent and Trademark Office ©1 WO Compaq Computer Corporate All nghts !t Sln W WOrb V Invesnng in a computer is a tough decision. Sp you
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  • THE WORLD 1
    • WORLD WATCH
      • 105 8 THE US ECONOMIC PICTURE is mixed with slow economic growth, stable unemployment rate and little economic deterioration US Federal Reserve chairman Alan Greenspan said in San Francisco on Wednesday. Asked why the Federal Reserve has not acted recently to ease US interest rates in
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      • 137 8 FRANCE'S fair competition watchdog imposed fines totalling 358.5 million French francs (US$62.B million) last year, more than 16 times the 1988 level of 22 million (US$3.B million), it was announced in Paris on Wednesday. The Competition Council, an independent body made up of magistrates and experts,
        137 words
      • 84 8 US COMMERCE SECRETARY Robert Mosbacher signed an agreement in Washington on Wednesday with the Soviets to share information on food processing. He said the agreement was a start towards expanding trade between the two superpowers. The agreement Mr Mosbacher signed with Vladilen Nikitin, the Soviet Agriculture
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      • 68 8 EAST GERMANS will be able to apply for Visa credit cards in the autumn, the Berliner Stadtbank AG said on Wednesday after joining the international Visa-card network. The official East German news agency ADN quoted board member Frank Stelzner as saying that his bank, the
        68 words
      • 98 8 THE RUSSIAN REPUBLIC "reserves the right to secede from the Soviet Union", according to a draft statement revealed by the republic's new president, Boris Yeltsin, the Moscow Radio publication Interfax said on Wednesday. The statement was being prepared for legislative approval by members of the
        98 words
      • 106 8 NEARLY HALF the Soviet warships deployed in the Pacific region have become outmoded, say Japanese Defence Agency officials. Akira Hiyoshi, director general of the agency's Defence Policy Bureau, told a parliamentary committee in Tokyo on Wednesday that ships over 25 years old account for 46
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    • 377 8 NYT ALTHOUGH American business leaders were heartened by Soviet President Mikhail Gorbachev's speeches in the last week on economic reform in his country, they warn that a series of obstacles still prevents them from investing in a big way in that country. They
      NYT  -  377 words
    • 251 8 AFP A TOP Soviet official said in Kuala Lumpur yesterday that President Mikhail Gorbachev and South Korean President Roh Tae Woo did not agree to establish diplomatic ties when they met on Monday in the US. "There was nothing about diplomatic relations or establishment of
      AFP  -  251 words
    • 451 8 AP THE US HOUSE of Representatives has voted to forbid the sale of US computers, telecommunications equipment and other high-tech goods to the Soviet Union until it ends its economic boycott against Lithuania. In the first congressional action since President George Bush
      AP  -  451 words
    • 465 8 AFP THE Warsaw Pact met yesterday to discuss its future, as a Czechoslovak delegate said there was general agreement on a plan for the organisation to "dissolve". The source said during the last three days Warsaw Pact experts had drafted a project
      AFP  -  465 words
    • 434 8 AP A TOP Soviet trade official made it clear on Wednesday that once the US-Soviet trade agreement wins final approval in Congress, his country will be looking for US loans to help the troubled Soviet economy. Yuri N Chumakov, deputy
      AP  -  434 words
    • 259 8 AP US PRESIDENT George Bush's administration has in* formed Congress it intends tQ sell Saudi Arabia more than US$4 billion worth of light armoured vehicles, TOW an-ti-tank missiles, and modernisation packages for five AWACs surveillance planes. If Congress doesn't object within 30 days,
      AP  -  259 words
    • 354 8 AP SOUTH KOREAN President Roh Tae-woo says he is eager for top-level talks between his country and China now that he has met with Soviet leader Mikhail Gorbachev. The Korean state television network KBS reported yesterday that Mr Roh made the comment after meeting
      AP; AFP picture  -  354 words
    • 548 9 Reuter WEST GERMANY'S economy, in the eighth year of a boom, is still roaring ahead, giving no hint of weakening despite impending German economic union. Data released by the Federal Statistics Office in Wiesbaden on Wednesday showed that West Germany should achieve an
      Reuter  -  548 words
    • 383 9 Reuter INVESTORS are seeking out West German blue chip stocks with "red" or "green" credentials. Greenwise, they hope to cash in on the clean-up of the ecological mess that runs through much of East Germany's antiquated industry. "There will be teething problems at
      Reuter  -  383 words
    • 337 9 Reuter CHAOS seems the most likely crop to flourish on Eastern Europe's farms this year. Uprooted from a comfortable decades-old marketing network as political change sweeps the region, farmers have yet to find tutors in a new era of free markets.
      Reuter  -  337 words
    • 43 9 ANC leader Nelson Mandela (second from left) listens to French President Francois Mitterrand's speech in the Plaza. of Freedom and Human Rights in Paris on Wednesday. He is on a tour of Europe and North Africa. AFP picture AFP picture
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    • 224 9 AFP AGRICULTURE ministers from the European Community reached agreement in Brussels yesterday to strengthen EC measures against the spread of "mad cow disease", which is ravaging Britain's herd. The package, it is hoped, will end a "beef war" that broke out with a ban
      AFP  -  224 words
  • Page 8 Advertisements
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    • 61 8 FOR SALE City Arcade Hay Street Mall Perth, Western Australia Price: $43.5 Million Regarded as Perth's premier city retail complex, City Arcade incorporates 84 specialty shops on 4 levels, a cinema and 14 level office tower. Take advantage of the tremendous growth predicted for Perth by acquiring one ot the
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  • Page 9 Advertisements
    • 188 9 THE TIME MACHINE LANDS IN SINGAPORE Bhr9 J"K BBBIBIfffWSPWBBHBBB On June 17th Emirates' Time Machines land at Changi International Airport bringing a new style of travel and luxury to Singapore. Luxury evidenced by the generous slope and tilt of our First Class sleeper seats as well as the space and
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  • 527 10 EDITORIAL SINGAPORE International threw a party earlier this week, and if numbers are a measure of success then the recently-ended Global Strategies Conference was quite a party. More than 1,000 senior managers from around the world put aside three days in their busy schedules to
    527 words
  • WHAT THE OTHERS SAY
    • 276 10 THE $10 MILLION advance grant to Mendaki, equal to about seven years of annual tertiary education subsidies for Malays, is more than generous. Mendaki will be off to a good start with this reserve. If invested, it could reap handsome returns, enlarging the grant over the next
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    • 109 10 WITH THE impending establishment of diplomatic ties in the wake of the historic meeting between Soviet chief Mikhail Gorbachev and South Korean President Roh Tae Woo, both leaders will benefit. Mr Roh's sagging image at home will be refurbished, while the Soviet Union looks forward to benefiting from
      109 words
    • 112 10 THE REVOLUTIONARY winds blowing across Eastern Europe have reached Asia as evidenced by the meeting between Soviet President Mikhail Gorbachev and his Korean counterpart Roh Tae Woo. This brings to mind a call for the establishment of a "Pan Japan Sea Economic Zone", one which will pool
      112 words
  • REGIONAL VIEWPOINTS
    • 143 10 DEVELOPING COUNTRIES are being increasingly discouraged by developments at the Gatt negotiations which lay more stress on meeting the interests of the more powerful North to the detriment of much of the South's interest. Discord over agricultural trade practices can prompt the developing states to lose interest in
      143 words
    • 141 10 THERE HAS BEEN a marked advance in environmental consciousness across the community, leading to positive action by the Government, the private sector and pressure groups. The real breakthrough on environmental consciousness will come only when the community itself takes the lead, instead of being led by the nose
      141 words
    • 145 10 VERY REGRETTABLY, the Tokyo meeting on Cambodia fell short of expectations when it ended without a formal ceasefire agreement. The Khmer Rouge, represented by Khieu Samphan at the meeting, apparently was not ready to discuss substantive issues, such as a ceasefire and the formation of a National
      145 words
  • 737 10  -  With just a few thousand angry, young cadres, the People's Liberation Front brought Sri Lanka to a standstill last year. The rebellion has been crushed but the anger remains. Andrew Browne reports Andrew Browne Reuter ITS MARXIST LEADERS are dead, captured or in hiding,
    Reuter  -  737 words
  • Page 10 Advertisements
    • 241 10 HOTEL MERIDIEN Pull a few strings. Take a business break in Phuket. Have your next meeting on a tropical island. IjC Meridien Phuket has a special meetings package that cost-effectively combines efficient business facilities and the pleasures of life on a tropical island. The full 'Meeting Package" includes: three nights*
      241 words
  • Page 10 Miscellaneous
    • 57 10 DOONESBURY FOR THOSE OF XXJWHODOtfT I'M A REPORTER. I UJRJTE KNOW ME, I'M JEFFS PAPPY, STORIES ABOUT MiATS GONG /r ANPM&S NORTON HAS ASKEP ON HERE IN HJASHIN6TON PAD in METOmiALLOFWU WHAT I THE STOR/E& ARE TIME WFB I DO FOR A LIVING' THEN PRWTEP ZX 7 WING! O I
      57 words

  • ANALYSIS
    • 852 11  -  For the first time since it seized power in the early *****, Burma's much-loathed army faces a legitimate challenge to its authority. But can it afford to fay down its arms? Jeremy Wagstaff reports Jeremy Wagstaff Reuter BURMA'S army, which has held
      Reuter  -  852 words
    • 1594 11  -  Lawrence Malkin IHT Although us policy sees private enterprise as the motor of change in Eastern Europe, American companies are being far less aggressive than their West European competitors on capitalism's newest frontier. Some observers fear the Americans will be left behind. Businessmen, bankers, and
      IHT  -  1,594 words
    • 642 11  -  The collapse of the savings and loan industry in the US is said to be the biggest disaster in public finance since the Depression. But the political cost seems to be slight. David Kosenbaum reports David Rosenbaum NYT THE COST, which seems to
      NYT  -  642 words
  • Page 11 Advertisements
    • 76 11 Specuksa m Fine Hand-knotted Carpets AUCTION IP|j^nda^Ju 990 ||1 EH Grand Ballroom S3 Hilton International O pS Singapore p| 100 Hand-knotted Persian, Village, Tribal and Workshop pieces. SK] RR Viewing: 10am Ipm KS Auction Sale: 1.30pm spm All lots are guaranteed and backed by bwf! a full trade in value
      76 words

  • FOCUS
    • 1322 12  -  Not long ago, a controversy raged over the sale of pigs at the new auction market. Pork became scarce, injunctions flew, culminating in the Price Control Act being invoked. Yong Pow Ang takes a hard look at the issues. Yong Pow Ang PIG TRADING
      1,322 words
    • 659 12 UNTIL 1981, Singapore farms had been producing sufficient pork for local consumption. But in three months' time, the curtains will ring down on local pig farming and its chequered history when the last few farms close. When that happens, Singapore's entire pork supply
      659 words
    • 395 12 THE PIG BUSINESS involves a complex network, which partly explains the problems confronting the Hog Auction Market (HAM). Traditionally, farmers supply either live pigs or carcasses to buying agents and pork merchants, who then sell the pork at their own stalls or distribute
      395 words
  • Page 12 Advertisements
    • 199 12 This announcement appears as a matter of record only ss NDC MERCHANT BANK LTD *****,000,000 NOTE ISSUANCE FACILITY Arranged and Ix-ad Managed by ©DBS BANK Co-managed by Oocbcmm lender Panel Members Algemene Bank Nedcrland N V The Mitsui Taiyo Kobe Bank. Limited ASI AN Finance Corporation Ltd N M Rothschild
      199 words
    • 88 12 FORM 69(3) (RULES 91 AND 101) NOTICE OF INTENDED FIRST FINAL DIVIDEND W KORESKA ASIA/PACIFIC PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Name of Company W Koreska Asia/Pacific Re Ltd (In Creditors' Voluntary Liquidation) Address of Registered Office c/o 9 Penang Road #12-00 Supreme House Singapore 0923 Court Number of Matter
      88 words

  • SPORTS
    • 448 13 Agencies STEFFI GRAF's forehand lacked the usual sting but her game was still too much for Jana Novotna in the semifinals of the French Open in Paris yesterday. On a cool, damp day following heavy overnight rain, Graf made numerous
      Agencies  -  448 words
    • 303 13 Reuter AT THE TENDER AGE of 14 years and two months, Jennifer Capriati has taken the tennis world by storm with a disarming smile as she rewrites the history books. The youngest woman to have reached the French Open semi-finals, Capriati aims to
      Reuter  -  303 words
    • 124 13 AFP THE SOVIET UNION won both the men's and women's matches in the eight-nation athletics meeting which ended in Milan on Wednesday. In the men's event, the Soviets (112) narrowly beat France (110.5) and the US (108), while in the women's they had a runaway
      AFP  -  124 words
    • 209 13 AP ITALIAN Gianni Bugno swept to victory in the Giro d'ltalia on Wednesday, matching a 17-year-old record by staying in the lead of the race for all 20 stages. The unheralded 26-year-old Italian notched his first Giro win in 91 hours, 44 minutes, 27
      AP  -  209 words
    • 424 13 AP ANTONIO CARBAJAL probably hates World Cup statistics. Mexico's former long-time goalie played in five World Cups, 104 international matches and won three Mexican championships. But at the World Cup, he is remembered simply as the man who lost the most tournament matches. Carbajal is
      AP  -  424 words
  • Page 13 Advertisements
    • 168 13 GQMJ Soccer's premier tournament starts in Italy on June 8. The New Paper will be there for all the excitement, the action, the disappointments and the successes. Follow the World Cup. Follow The New Paper. Here's what we have for you: E FOLLOW LOW Jeffrey Low, the Voice of Singapore
      168 words

  • Page 14 Advertisements
    • 216 14 WHERE TO WINE. DINE AND ENTERTAIN. WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by word-of-mouth. HHHH| Am'tima^KK^wr For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Orill is the name on evervone's ips. Reservations. 330 8310 or 338 8585
      216 words
    • 314 14 The Great Italian Chef VINCENT PECORARO Based in Hawaii where he revoluttonallsed Italian food in Amerlcal Only from June Ist to June 17th 1990 For Reservations Call *****02 /llitalia reg&jcyQsmgapore 10-12 Scotts Road Singapore 0922 Tel: *****88 Telex: RS ***** Telexfax: 732 1696 High Tea Buffet Price: $9.50+ One of
      314 words
    • 196 14 "ftoneif, Msyu fiUi/inq out sonqs. c 3 They 're playing your song... The evergreen love songs... old favourites to set (he V mood for a great evening. Come on q down to Club 5 and re-live the great times together Pi .aza Hotel A siwc^AroMi J|.L »AtM«cotouirui*mviTinc vIUJj 1 Wnrtlkuad
      196 words
    • 255 14 jjljl Scaridinavian x^^morgasbord —2? The best of Sweden, Norway, Denmark., Finland and Iceland, find their way to The Belvedere's June BufTet. Here, you'll discover there's indeed more to Scandinavian fare than salmon. Scandinavian Buffet Lunch June 1 30, Noon 2.30pm Adult: $36+ Child below 10: $18+ We serw the world
      255 words
  • Page 14 Miscellaneous
    • 792 14 TELEVISION AND RADIO "1 A cjapi9 V is* 900 ''l*** Nin< 7.00 Cable News Network. PiiQiwc«s«snw DAnifV ly% rv \7DOl* I n rAI« 9.30 Murder, She Wrote Mur- 7.25 The Right te love (M). V_yllC yCdl IdlCI 730 10.JS -1L 5" BBC M.9 biH2 in VHF Band II 800 our
      792 words

  • LIFESTYLE
    • 657 15  -  The factors that render a person susceptible to cancer are many. Genetic make-up is a factor. So are the environment and lifestyle. And now shedding new light on the relationship between cancer ana diet is a new study done in the US. Paul Recer reports
      AP  -  657 words
    • 519 15 NYT BUDGET overruns, late delivery and ambitious designs often land architects in the doghouse. These doghouses, however, might not be such bad places to be. Twenty-four luxury homes nice places for a meal, indoors or alfresco; equipped with porches, decks and even a swimming pool are included
      NYT  -  519 words
    • 278 15 CHATTERBOX BRITISH band leader Joe Loss, one of the kings of the ballroom dance era, died of kidney failure in a London hospital on Wednesday at the age of 80, his publicity agent said. Loss's soft-spoken manner and easy-to-dance-to music won him
      278 words
  • Page 15 Advertisements
    • 223 15 AND ENTERTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. A@ Century Park Sheraton Singapore 16 NASSIM HILL, SINGAPORE 1025. TEL. 732 1222. CENTURY PARK SHERATON IS OPERATED BY
      223 words
    • 254 15 fi SUNDAY M FAMILY B BRUNCH H Ml (S7 for children under 12) Bj^l TEEOFF CAFE MARINA BAY GOLF COUNTRY CLUB KM 6 MARINA CREEN SINGAPORE 0101. FOR RESERVATIONS PLEASECAIJ. 221 2811/322 4221 Traditional Refined Sushi AOYAMAO-^SHI Enjoy traditional refined Sushi in the cosy ambience of a wood-panelled Japanese Inn.
      254 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4588 16  -  By Abdul Hadhi TRADING ACTIVITY on the Singapore stock market improved yesterday, halting a gradual decline in share prices. Brokers indicated that institutional interest could be seen in some banking stocks but were uncertain about whether that interest would remain. The market's short-term direction
      4,588 words

  • 4245 17 Main Board (X'BC Foreign 1100 +30 *-2 8% OUB 535 +30 5.9% GB Hldgs 10* 408 +22 +5.7% DBS 1360 +20 +1.5% S Land Wits 800 20 2.6% OCBC 850 +15 +1.8% OUB Wt 183 +14 +8.3% City Dev 50« 384 +12 +3 2% OCBC"
    4,245 words

  • BT SHARE INFORMATION SERVICE
    • 248 18 Company Date Year Group Net Net earnings Grots ann to profit/loss (L) per share dividend ('000) (cents) Fun Offset Jun 6 Dec 89 $3.350($2.987e) 10 2(91) 10TE(10TE) Hup Moh Jun 6 Oec 89 $1,995($1,776) 8.3(7.4) 5(7.5) UK Jun 6 Dec 89 $12.950($12.446) 2 8(3 6a) 5(4 4a) Hind
      248 words
    • 1084 18 Current Ex Books Date Total for Total lor payment date dose payaWo tfw year last year Amcol 10% Jun 18 kin 28 Jul 16 10% 10% BM 8% kin 8 Jun 22 Jul 2 8% 5% Bomests 3% M6 Jul 18 3% 3% Bousteadco 3% Apr 25 May
      1,084 words
    • 163 18 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) p«r share dividend (000) (cents) GBHIdgs Jun 4 Mar 90 S13.105($11.171) 263(214) 40TE(40TE) ■faxy Elect Jun 4 Dec 89 MJ2.062($11,939) 0.1 fiener.l Corpn Jun I Jan 90 MJ1.436L($2,039) H«xza Corpn May 31 Jan 90 M$4 886($6.405)
      163 words
    • 143 18 Company Date Half-year Group pre-tax ann to profit/lo»» (L) dividend (000) KL Kepong Jun 1 Mar 90 M$54.868(J102.481) WA<5) Wearnes May 23 Mar 90 $28,406(519,539) W) Van der Horst May 21 Mar 90 mm 101 Goodwood Park May 16 Mar 90 *15.208(17,106) 30b( 10) H Msia May 16
      143 words
    • 617 18 Singapore Stocks Lost Full Year Compjnt Period Date Year Net EPS Gross Net anranced endkn (emit) dK profit last year (SHOO) tsetan Final Feb 28 No» 89 391 100 11.72* Marco Poto Final Mar 27 Dec 89 3.4711 Leon| Huat Interim Mar 30 Dec 89 5351(h) MOedt Fmal
      617 words
    • 667 18 BONDS, LOANS WARRANTS Company Conversion period Conversion torn far mm ordinary U« CiC m Before 26/4/93 1 warrant plus $3.09 cash Causeway Loan Causeway Wt 2/10/89 to 20/10/94 1 warrant plus $1 cash Of 1 warrant ptes SI nominal amount of loan stock Ctuan fty Notes Chuan Wt March 87
      667 words
    • 195 18 km 6 ANA Hotels Singapore has decided to tentatively rename The Century Park Sheraton Singapore to ANA Hotel Singapore with the termination of licence and reservation services agreement with America's ITT Sheraton Corp on Sep 30, 1989 Malayan Credit Ltd has entered into an agreement to buy from
      195 words
    • 397 18 Company Rights Issue Apolo One-tor we $185 per share tulate Apr 23 Books Close May 7 Acceptance t Payment ton 15 KB Capn One tor three MS 1 60 per share *****1m 1% Convertible Unsecured Loan Stock of M$100 nominal value to be issued on the basis of
      397 words
    • 175 18 Yeo Map Seng Ltd: 34th AGM at the board room, Yeo Hiap Seng Ltd, 95( Dunearn Road, Singapore 2158, on Friday, June 8, at 10.30 am. Kiif's Hotel Ltd: 22nd AGM at 16 Raffles Quay #26-00, Hong Leong Building, Singapore on Friday, June 8, at 11am Malaysia Mrang
      175 words
    • 469 18 Company Rights Issue Causeway to Capital reduction scheme to reduce par value of shares from $1 00 to SO 60; ftghts issue ot 3 2 fa, $0 60 per share CMA Onetofone fa, MJ4 00 per share Every tour shares would be issued with one TSR F ACS
      469 words
  • Page 18 Advertisements
    • 209 18 invites applications from suitably qualified candidates for the following vacancy in its Research Information (R I) Department, Marketing Division I Research Manager Reporting to the Department Head, R I, the successful candidate will be expected to be an active team player n carrying our marketing/editorial research studies for product development
      209 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3747 19 Bernama, Reuter SHARE PRICES on the Kuala Lumpur market finished off their highs yesterday on profit-taking and lack of follow-through support although some selected blue chips rose on light institutional buying. The KLSE Composite Index retreated from the day's high of 588.18 to
      Bernama,; Reuter  -  3,747 words
  • Page 19 Advertisements
    • 74 19 Be a Winner with Collins Cobuild English Language Dictionary ,pe\t f How does he clu i cl s?. s pend»os the outr>* ht me.***** avid read*. has made pap* since J i SSnfciT °uS^L J »o^ v :r— x i I,®®' 8f UiV m Helping learners with flea/ Engfcrt Available
      74 words
    • 234 19 NOTICES NOTICE ONQ 81 AH ENTERPRISES (PTE) LTD (In Voluntarily Liquidation) NOTICE IS HEREBY GIVEN pursuant to sector 308(2) of the Companies Act Chapter SO. that the Final Meeting of Members of the Jbo renamed Company wi be Md at the offices of Tan Chtn Ren Co. 257 Setegie Road
      234 words
    • 320 19 IN THE MATTES OF THE COMPANIES ACT, CAP. M AND IN THE MATTES OF KWONG BENO TRADING PRIVATE LIMITED (la Meakeri' Vataatary UqaMatiaa) Apr rial Reaeiatteas At an Extraordinary General Meeting of the members of KWONO BENO TRADING PRIVATE LIMITED duly convened and held at 111 Noith Bridge Road #12-01
      320 words

  • TOKYO STOCK EXCHANGE
    • 2252 20 TOKYO STOCKS closed firmer yesterday on speculative shopping and arbitrage linked buying of the cash stock index, brokers said. Oil, real estate, and high tech shares gained as investor fears about market volatility receded on yesterday's expiry of June futures and options contracts.
      2,252 words
  • STOCK EXCHANGE OF HONGKONG
    • 2656 20 HONGKONG'S blue-chip stocks index closed lower yesterday as speculative investors shifted back to smaller stocks, brokers said. The Hang Seng index shed 27.19 points to end at 3,145.30. "Banks were down a spread and Hongkong Telecom fell, so that caused some damage," a broker
      2,656 words

  • REGIONAL STOCK MARKETS
    • Market sharply hit as gold sector sinks
      • 1148 21 AUSTRALIA'S sharemarket closed sharply weaker yesterday with the gold sector plunging to its lowest level in more than tour years. The All Ordinaries index tumbled 18.5 points to end at 1508.8 with the gold marker nosediving 38.8 points to 1350.8, its lowest point since September 1986. "Players became very
        1,148 words
      • 498 21 MANILA share prices rebounded in light trade yesterday after days of heavy selling as investors welcomed a call by an opposition leader for alleged coup plotters to surrender. The Manila Stock Exchange composite index rose 24.22 points to close at 764.53 from Wednesday's 17-month low of 740.31. "The market
        498 words
      • 534 21 TAIWAN STOCK investors had a crisis of confidence yesterday and sent the index plunging 6.7 per cent, equalling the record for the largest daily percentage loss, dealers said. "Their confidence is shattered," said Peter Lee of Foremost Investment Services. "It's very possible that the index will drop below 5,800
        534 words
      • 693 21 THAI STOCKS moved higher yesterday in speculative trade focused on smaller counters which sparked a rally in the finance and securities sectors, brokers said. The composite SET Index gained 11.89 points in heavy trading to close at 1022.98. Siam Cement was down 40 baht at 6806 and Siam City
        693 words
      • 755 21 SEOUL STOCKS fell yesterday as the lack of fresh factors caused market doldrums and investors sought profits from gains made in recent sessions. The composite index closed at 804.09, down 3.88 points from the previous session. Turnover was a low 180.1 billion won compared with 287.2 billion on Tuesday's
        755 words
      • 329 21 THE NEW ZEALAND share market closed lower yesterday, propelled by Fletcher Challenge's proposal to lead a bid for state-owned Telecom, but a higher Air New Zealand profit arrested the decline in the afternoon. Brokers said the market was concerned about Fletcher gearing itself up to pay for a
        329 words
      • 814 21 Close Previous June 7 June 6 SYDNEY All Ordinaries Index 1508.8 IS27.3 -18.5 Ail Industrials Index 2361.6 2386.5 -24.9 All Resources Index 859 4 872.6 8 -13.2 Turnover (million) 98.93 106.11 -7.18 BANGKOK SET Index 1022.98 1011.09 >11.89 Turnover (nearest'000) 34,210 32,041 +2,169 JAKARTA Composite Index NA 636.72 NA Turnover
        814 words

  • WORLD STOCK MARKETS
    • US stocks lower for second day running
      • Article, Illustration
        1162 22 A FURTHER CONSOLIDATION of last month's sharp advance nudged US stocks moderately lower for the second day running. Weak retailing stocks and residual softness in some oil issues added downward pressure on Wednesday to a market already vulnerable to prof-it-taking. Share prices were also dampened near midday by
        1,162 words
      • Article, Illustration
        762 22 SHARE PRICES ended lower on London's Stock Exchange on Wednesday after a bout of profit-taking. London prices opened lower, and continued their downward slide as profit-takers moved in and market makers marked down shares. A poor showing in the stock index futures market reinforced the market's downward move, dealers
        762 words
      • 251 22 THE AMSTERDAM BOURSE was firmer in thin early afternoon trading yesterday, underpinned by Wall Street staying close to its recent highs on Wednesday. At 1230 GMT, the CBS all-share index was up 0.5 points at 121.1. Actively traded transport group Nedlloyd was 2.10 guilders higher at 83.40 after peaking
        251 words
      • 160 22 BELGIAN SHARE prices again firmed in early dealings yesterday amid active trade on some bluechip stocks finding favour with investors recently. Featured advances were holding company Clabecq, up 3.14 per cent, steelmaker Cockerill gaining 2 per cent, as well as oil major Petrofina, insurer AG and holding company Sofina.
        160 words
      • 190 22 WEST GERMAN share prices edged down in very thin early trade yesterday on a shortage of fresh market moving news and a lack of foreign buying orders, continuing Wednesday's weaker trend, dealers said. The 30-share DAX index eased 6.48 points to 1,842.54 at 0845 GMT after losing 27.67 points,
        190 words
      • 391 22 JOHANNESBURG gold and related shares were steady at their morning lows at midday yesterday as the bullion price steadied around US$353 after threatening to breach US$35O earlier. Dealers said the market had become very jittery due to the metal's recent surprising downswing. "You've got a very sensitive market at
        391 words
      • 204 22 ITALIAN STOCKS opened higher in heavy volume, adding to gains in late trading yesterday, brokers said. The MIB index was up 0.8 per cent at 0900 GMT. Blue chips moved with the overall upward trend, with the exception of insurer Generali, which was shown at midmorning down 100 from
        204 words
      • 244 22 FRENCH SHARE prices were slightly firmer in thin midday trade yesterday, with falls over the last few days offering some buying opportunities, dealers said. The CAC-40 index stood at 2,053.90 by 1049 GMT, up 8.47 on Wednesday's close. But concern that the French government may consider introducing higher taxes
        244 words
      • 279 22 TORONTO STOCKS closed higher in moderate trade on Wednesday due to optimism Canada's premiers will pass the Meech Lake constitutional accord, dealers said. Foreign investors may be returning to the market, believing the country is clearing up its political problems, they added. The composite index gained 15.26 to 3,611.93
        279 words
      • 290 22 SWISS SHARES traded easier but above their earlier lows at midsession yesterday. Dealers said blue chips had recovered from early selling but were still under Wednesday's closing levels. Volume was light as foreign investors stayed away from the market with the Swiss franc slightly weaker against the dollar and
        290 words
      • 196 22 June 6 (lose Previous NEW YORK Dow Jones *****5 2925.00 -13.35 NYSE Financial 152.74 153.51 -0.77 SAP 500 364 366.64 -I 68 Turnover (million) 164.02 199.72 -35.7 LONDON Financial Times 30 I88I OO 1892 90 -12.9 FTSE 100 2358 50 2380 10 -21.6 Turnover (million) 429.0 618.2 -189.2 AMSTERDAM CBS
        196 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1184 23 FOREX MARKET REPORTS TRADING in the world's major foreign currencies markets was dull and thin yesterday amid the lack of fresh market-moving factors. In Asia, the US dollar closed mixed in stagnant trading in the absence of new market moving factors.
      1,184 words
    • 1776 23 NYT THE Chicago futures markets and their defenders in Congress pledged to fight and defeat a long-awaited proposal by the US Treasury to shift regulatory authority for stock index futures from the Commodities Futures Trading Commission to the Securities and Exchange Commission.
      NYT  -  1,776 words
    • 391 23 Cross rates June USS S$ MS Dm Yen SFr AS NZS USS 1 8475 2.7040 1.6880 152.45 0.5924 1.4375 1.2937 1.7197 SS 0.5413 1 4636 0.9137 0.8252 0.3207 0.7781 0.7002 0.9308 MS 0.3698 68.32 0.6243 0.5638 0.2191 0.5316 0.4784 0.6360 Dm 0.5924 1 0945 1.6019 90.31 0.3510
      391 words
    • 564 23 Interbank rates SS Bid Offer Overnight 4 1/2 5 1-month 7 3/8 7 1/2 2-month 7 3/8 7 1/2 3-month 7 3/8 7 1/2 Overnight mode: S 1/2 L'SS Bid Offer 7 days 8 3/16 8 5/16 1 month 8 3/16 8 5/16 2 months 8 3/16 8
      564 words

  • COMMODITIES
    • 410 24 Reuter WHEN the year began, not even the most pessimistic oil market expert dared predict the dramatic fall in prices that is now taking place. In recent weeks, the value of a barrel of oil has tumbled by about a third
      Reuter  -  410 words
    • 221 24 AFP THE FIJIAN government told 23,000 sugarcane growers on Wednesday that it would listen to their complaints if they called off a boycott that threatened the country's second largest source of foreign exchange. Primary Industries Minister Viliame Gonelevu told farmers'
      AFP  -  221 words
    • 122 24 Reuter INDONESIAN coffee exports rose to 180,000 tonnes from October, the start of the coffee year, to May against 166,000 a year earlier, chairman of Association Indonesian Coffee Exporters Dharyono Kertosastro said. "But we expect the latest government deregulation on coffee trading will make competition tough
      Reuter  -  122 words
    • 819 24 REPORTS HONGKONG: Gold closed lower on stop-loss selling in late, hectic trading. Dealers said stop-loss and speculative selling were triggered after bullion breached technical support of US$355 on selling by Australian producers. Follow-through selling further depressed gold, which touched the day's low of
      819 words
  • 1365 24 Rubber June 7 IAS (tt* h» Ww) S cents/kg Noon Close Int I RSS Prompt 155.50/156.50N I55.50/156.50N Int I RSS July 90 157.25/157.75 157.2V157.75N Inl I RSS August 158.75/159.25 158 75/159 25N Int 2 RSS OP 151 50/153 50N 151 50/153 50N Int 3 RSS OP I4600/I48 00N I46
    1,365 words
  • Page 24 Advertisements
    • 655 24 NOTICES IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF GLAMAPLAST PRODUCTS (PTE) LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE ISHEREBYGIVEN that at an Extra-ordinary General Meeting of Members of GLAMAPLAST PRODUCTS PTE LTD duly convened and held at 4158 Jalan Besar. Singapore
      655 words
    • 797 24 IN THE MATTER OF THE A COMPANIES ACT, CAP 50 AND CONASEA ENGINEERING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 1 Colombo Court #04-06 Singapore 0617 on the Ist day of June 1990 the following Special Resolution was
      797 words
    • 15 24 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words

  • THE TRAVEL PAGE
    • 960 25 City Flight ETA Flight ETD Abu Dhabi SR187 1955 GA890 2240 FA970 2255 riiftiiitft SQ225 2215 RJ182 1445 RJ183 2320 Amsterdam KL835 1415 KL836 2115 QF16 1820 GA890 2240 Athens SQ31 0625 SQ24 2200 0A471 2205 jtoddand TE25 1800 BA11 1455 SQ338 1925 TE28 1920 BA12
      960 words
    • 713 25  -  LETTER FROM FINLAND By Tony Austin FINNS are concerned that the sauna, the health-giving vapour bath they have been taking for generations, has become associated abroad with sexual licence. The Finnish Sauna Society is campaigning to stop foreigners from using the word sauna
      713 words
    • 153 25 As at 3pm yesterday. Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4000 1.4400 Canadian dollar 1.5660 1.5860 NZ dollar 1.0550 1.1050 Sterling pound 3.100 3.1300 US dollar 1.8450 1.8550 I .oral dollars to 100 units of foreign currency Austrian schilling 15.20
      153 words
    • 48 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Jun 4-8 International Yugoslavia Gospodareko 61/311.022 Jun 7-13 International Fair West DusseMorfer (49)211/4560 Fair of Razstavisce Packaging Germany MessegesellWoodworking (Ljubljana Machinery, schaft mbH Machines. Fair) Packaging Nowea Devices and Materials A Materials Confectionery I Machinery
      48 words
  • Page 25 Advertisements
    • 53 25 S- —>v T V/ I 4 I Ihurvl.n N U uril.iv ,iml Nuinl.lv l.miii g I II I 11 II i h.im;i \irp«»rt .H hour* unl »rr JI iV. i I S V y X IK-.ithr>>* cJrK the niormnu II K I \i il (> I VKK S II A
      53 words
    • 166 25 SP|bu travel often onbusin^and For other reasons, send in your subscription now. Please send name: Name: Address: Address: I=l I Occupation; Occupation: j J Tel: Tlx/fax: Tel: Tlx/Fax: AIRMAIL SUBSCRIPTION RATES: I I want to subscribe for months at S/US$ I enclose: U Sfcheque/money order courrnuev 1 2mth 6mths Smths
      166 words
  • Page 25 Miscellaneous
    • 308 25 5 Totters when receiving ZJH— 9 A liar not perhaps capable ImJ Lhi L^J— of reasoning Hb 10 A bouquet for the climber iT""^ 13 Offering some pretext, ra- 115I 15 I I I I dioed for more L_J serviceable (4) drink, as one might guess Ih| iHf 19 Visible
      308 words
    • 213 25 Singapore Outlook: Showers over many areas la the late morniag and early afternoon. Report Max temp 33.5* C Assoc humidity 62% Min temp. 21.CTC Assoc humidity 90% Hrs of sunshine 5.80 Rainfall in mm Trace Rainfall this mth 13.8 Rainy days this mth 2 World forecast Asia-Pacific Hi/Lo* Coad. Auckland
      213 words
    • 18 25 1 >{Ou*t PuThN& I I'TWJJCftftNIHS LOite NOURS llV"" 08 )v° Vlctca 'cewft.j J -.y V r^ y -r\
      18 words

  • 426 26  -  By Suzanne Soh, Sangeeta Mulchand A MOROCCAN businessman has been awarded the site for Sentosa's third resort hotel project, the island's biggest yet with 354 rooms. The $85 million hotel, excluding land, will be developed by Khamis Holdings, which has a $10 million authorised
    426 words
  • 363 26 Agencies JAPAN plans to spend about 23 trillion yen (U*****.3 billion) on defence in its next five-year build-up plan, 25 per cent more than in its current plan, news reports in Tokyo said yesterday. The new plan, to begin in April next
    Agencies  -  363 words
  • 147 26 Bernama MALAYSIA needs about Ms4o billion in foreign investment to create about one million jobs. Public Enterprises Minister Datuk Napsiah Omar said yesterday that the new jobs would help reduce the present unemployment rate by one per cent from the present 7 per
    Bernama  -  147 words
  • 41 26 The famous Checkpoint Charlie border station in Berlin, a staple in so many Cold War thrillers, is to lose its guard house soon. The authorities have decided to donate the structure to a museum. AFP picture AFP picture
    AFP picture  -  41 words
  • 166 26 Reuter THE PHILIPPINES has asked for postponement until August of talks on the future of US bases in the country. Philippine Foreign Secretary Raul Manglapus told a hearing of the Senate Foreign Relations Committee in Manila that the government wanted more
    Reuter  -  166 words
  • 198 26 Bernama HARRIS Corporation, one of the largest American electronics companies, will only be relocating two product lines from Singapore to Malaysia. A company statement said yesterday only the ceramic and logic commercial product lines are involved in the move to rationalise and
    Bernama  -  198 words
  • 254 26 Reuter STRONG domestic personal consumption and corporate spending are continuing to fuel Japan's economic expansion, although the pace of growth is slowing, say private economists. Japan's gross national product appeared to have grown by about 4.8 per cent in the year ended March 31,
    Reuter  -  254 words
  • 187 26 AP MALAYSIA is concerned with military build-ups in India and Japan, Malaysian officials said yesterday. Malaysia feared such build-ups would create tension and instability amid the vacuum that would follow the proposed reduction of the US and Soviet military presence in the
    AP  -  187 words
  • 469 26  -  From Al O Labita Jr SEVERAL MAJOR Asian groups, prominently among them Hong Leong and Kuok, are bidding to acquire the five-star Philippine Plaza Hotel which is owned by the Government Service Insurance System (GSIS). The luxury hotel, which President Corazon Aquino ordered disposed
    469 words
  • 390 26 Reuter FOREIGN business leaders in the Philippines yesterday urged President Corazon Aquino to liberalise investment laws and improve infrastructure to rebuild overseas confidence in the country. They said repeated coup attempts, electric power shortages, corruption, and abrupt changes in government policies were discouraging
    Reuter  -  390 words
  • Page 26 Advertisements
    • 34 26 >"{|[-!-=)($*=?\*_]/(>,\[,%{!.= In Bangkok where else but lhrSlK)iu>ri-l«i. SHANGRI-LAHOTEL.»SOI WAf St AN PI I SI W ROAD BAS(>K \k HAV.knK lOMm THAU AND FtL (2>2*i7777 II X X42MSHAN(.I A IH I-AX (2>2*A*VXV SHAV.RI I AINrKRNAIIOVAlSIM.APOMI M<
      34 words
    • 7 26 No USSR-Seoul diplomatic ties yet, Pg 8
      7 words
    • 59 26 Gerald genta ORCIIAIU^I^cy)( IAKDHN f Business Hrs viiy ft H I e an i m P or tant business Lunch entertainment... ftf) 11.00 am to 3.00pm or just a casual 7£ D'nner y family outing 6.30pm to 11.00pm 11.00pm to 3. Singapore 0923 Tpl- WE HAVE THEM ALL FOR YOU
      59 words

  • Shipping Times
    • 517 27  -  By A J Leow LOCAL SHIPBUILDER Sin Koon Seng (SKS), a near casualty of the shipbuilding slump during the mid-1980s, is making a strong comeback with plans to set up its own $24 million yard. Mr Koh Soon Chuang,
      517 words
    • 323 27  -  By Dexter Lee HONGKONG-BASED Orient Overseas Container Line (OOCL) will soon be electronically linked to the Felixstowe Port Authority in the United Kingdom, a development that will speed up customs clearance of its customers' cargoes. The interface, which will go
      323 words
    • 190 27 AP SOUTH KOREA'S shipyards between January and May received orders for 67 new ships totalling 4.37 million gross tons, surpassing the previous record of 4.09 million tons for all of 1983, the Korea Shipbuilders' Association reported yesterday. Officials said the fivemonth figure
      AP  -  190 words
    • 172 27 AFP EAST GERMAN airline Interflug said yesterday it was to halve its services to Eastern European countries from July 1 when German economic and monetary union takes effect. Interflug officials told a press conference in East Berlin that the decision was necessary to ensure the
      AFP  -  172 words
    • 202 27 Reuter AIR NEW ZEALAND Ltd said it is well positioned to benefit from strong growth in passenger numbers and freight traffic over the next decade, and this should result in substantial earnings growth. In its maiden year as a privatised company, the
      Reuter  -  202 words
    • 96 27 EGYPTAIR recently took delivery of its first Airbus A3OO-600R out of an order for* nine. Egyptair's nine Airbus A3OO-600Rs are powered by Pratt Whitney PW4ISBS, and seat 260 passengers in a three-class layout. Egyptair plans to operate its Airbus A3OO-600Rs, to be delivered by autumn
      96 words
    • 320 27  -  By Lilian Ang A SIGNING ceremony yesterday marked another step in Singapore Petroleum Company's (SPC) plan to build a major oil terminal on Pulau Sebarok. The home-grown oil company formally sealed its agreement with its contractors at Westin Plaza for engineering design, procurement,
      320 words
    • 98 27 HAKODATE Dock Co, the only major shipyard in northern Japan, will continue its reconstruction efforts under new management, headed by Nobuo Kozu as president, without joining any major shipbuilding group for the time being. Mitsubishi Corp is involved in the new arrangement for Hakodate's reconstruction through its
      98 words
    • NEWS SUMMARY
      • 48 27 JARDINE Pacific, whollyowned by Hongkong-listed Jardine Matheson Holdings Ltd, said it had formed an air and surface freight-forwarding joint venture with US-based Radix Group International. JardineRadix International, the joint company, has offices throughout South-east Asia and three representative offices in China.
        48 words
      • 27 27 TRAFFIC congestion in London has reached the point where the word "transport" is becoming inseparable from the word "crisis" Page 2
        27 words
      • 38 27 SWISSAIR-Schweizerische Luflverkehr AG said it did not meet its targets for traffic or revenue in April, adding the cost-savings programme it introduced in March had not produced the desired results Back Page
        38 words
      • 47 27 DUTCH transport, storage and trading group, Van Ommeren Ceteco is not holding any talks about takeovers. Van Ommeren is seen by bourse dealers as a potential bid target following an 11 per cent price rise over the last week Back Page
        47 words
      • 30 27 THE maritime transportation agreement which emerged from the US/USSR presidential summit last week is unlikely to have any impact on the shipping market, analysts said BackPage
        30 words
    • LOG BOOK
      • 69 28 THE SINGAPORE NATIONAL Shipping Association (SNSA) is setting up another shipping group within its structure, comprising barge operators. These operators will come under Shipping Group (F). At the meeting, the association also resolved to own and maintain office premises for its activities. To cater
        69 words
      • 60 28 THE CIVIL AVIATION ADMINISTRATION of China (CAAC) has placed an US$B5 million order for CFM International's CFMS6-3 engine to power 13 Boeing 737-300 aircraft. CFM is a 50-50 joint venture company of General Electric Co and Snecma of France. CAAC said delivery of the new aircraft
        60 words
      • 63 28 THE EUROPEAN COMMUNITY'S executive might allow Air France to go ahead with a proposed takeover of French airline Union des Transports Aeriens (UTA) if Air France gave up its stake in French domestic carrier TAT, EC officials said. They said this was just one of
        63 words
      • 61 28 GULFSTREAM AEROSPACE CORP, America's largest producer of business jets, is developing a device to reduce jet engine noise on commercial airlines, the company's chairman said Tuesday. Allen E Paulson said he has filed for a patent on the device, which he said will "extend the life
        61 words
      • 70 28 LORD TOMBS, CHAIRMAN OF ROLLS-ROYCE, said in Tokyo on Wednesday that the major British enginemaker has agreed with Japan's Ishikawajima-Harima Heavy Indutries Co to develop jointly an aircraft engine. The engine will be used for Boeing-777, a new passenger plane of Boeing Aircraft Co which will start
        70 words
      • 63 28 KLM ROYAL DUTCH AIRLINES will operate flights between Amsterdam and Marseille, Bordeaux and Toulouse beginning on June 18. KLM will have one daily weekday return flight using a 30-seater Embraer-120 Brasilia aircraft, the airline said. Because it does not have staff to run the service,
        63 words
      • 45 28 UAL CORP'S UNITED AIRLINES will award triple mileage to members of its frequent flyers programme who fly the carrier's new West Coast corridor service between San Francisco and Los Angeles, retroactive from April 7 and in effect until December 31.
        45 words
    • 1806 28  -  London's competitiveness in Europe is being undermined by a transport system in crisis, reports Richard Tomkins Richard Tomkins FT London is one of the world's great cities. It is the financial capital of Western Europe. But to the growing consternation of its inhabitants, its status
      FT  -  1,806 words
    • 574 28 Carbon Carbon DensityWater Reiidue Aj»i Alumnun S«<*ment Dereityffatr ««J*n tafc Hmhim Ummt %UM %W* Euon Ex* 0 KG/M*3% V/V M/M M M PPM method KG/M'3% V/V M/M M/M PPM nwfrod BO/Cmic Mb Sbk E25 ***** 1?0 010 30* 010* Eastern US* 180 Ave 9830 4 13.5
      574 words
    • 12229 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,229 words
    • SHIPS IN PORT
      • 499 43 ttmt »hW Vend Voy No toft htM Depart™ Keppd Wharves REL WA***** 58 TB3 alongside 07 06/0600 Andaman Pees 15/90 (P) K36 alongside 07 06/1700 Sib 72 HW P4B alongside 0706/1830 Arrow King 28 11 K29 atongside 07 06/1700 Sir Pride 0SN P1B alongside 07 06/1430 Con
        499 words
      • 1590 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Transtaner Schedules Shii Voy No Ait Date Tine From To Booting Gate Bfc Op Gdn Ace Concord 05/868 08.06.90 2030 08/1130 08/1229 Tlx/Fax 2 Q3 00 F05 As Plutus 210 09.06.90 0900 08/1700 08/1759 Portnet 2 A3 00 F05 09/0000
        1,590 words
      • 290 43 Port Klang South Port: Matsukaze berth 1; Stainless Queen berth 2; Ruby C berth 3; Mutia Hayu berth 4; Pernas Safari berth 7A. KCT: Maersk Farco berth 8; Hakusan II berth 9; Perkasa berth 9; Chin Chun berth 10. North Port: Zagreb berth 11; Esperen/a Ace berth
        290 words
    • 1011 43 A SLIGHT easing in dry cargo freight rates was evident on Wednesday as the market prepares for its traditional summer lull. The weakening of previously firm Pacific time-charter routes was seen in the fixture of a 39,000 dwt vessel for delivery mid-June to Singapore and a trip/redelivery to
      1,011 words
    • 338 44 Reuter SWISSAIR-Schweizerische Luftverkehr AG said it did not meet its targets for traffic or revenue in April, adding the cost-savings programme it introduced in March had not produced the desired results. As a result, it has frozen new hiring as of June 5
      Reuter  -  338 words
    • 259 44 Reuter TEXAS AIR CORP Chairman Frank Lorenzo said the company will change its name to Continental Airlines Holdings Inc. The change takes effect next Monday and the company will trade on the American Stock Exchange under the symbol CTA, Lorenzo said. "The
      Reuter  -  259 words
    • 155 44 Reuter THE MARITIME transportation agreement which emerged from the US-USSR presidential summit last week is unlikely to have any impact on the shipping market, analysts said. The agreement commits both countries to eliminating discriminatory treatment in the allocation of cargoes. It contains no provisions for cargo-sharing,
      Reuter  -  155 words
    • 309 44 Reuter IRISH AIRCRAFT leasing group GPA Group pic, reporting a 59 per cent improvement in net profit for the year to March 31, 1990, said all three business units did well. Unquoted GPA's net profits rose to US$242 million from US$l52 million a
      Reuter  -  309 words
    • 346 44 Reuter DUTCH transport, storage and trading group. Van Ommeren Ceteco NV, is not holding any talks about takeovers, a spokesman said. Van Ommeren is seen by bourse dealers as a potential bid target following an 11 per cent price rise over
      Reuter  -  346 words
    • 123 44 Reuter NWA INC UNIT Northwest Airlines said its May load factor of 64.3 per cent was down 1.8 points from 66.1 per cent a year ago. Year-to-date load factor of 63.8 per cent was up 1.1 points from 62.7 per cent. Revenue passenger miles of 4.17
      Reuter  -  123 words
  • Page 27 Advertisements
    • 294 27 SSWEE HENG METAL CO PIE LTD 11. TUAS AVE 14. SINGAPORE 22U TELEX RS 20(71 SNMCPV TEL: Ml 5455 (3KnM( TRIFM Ml 2*M A V Fvjßrang* <y IjTSv lortJß* h»» 1 1 li> «rv»sofcrv* ?sS££ cNP* C^3l T «wr 'cXZZZ, w™* owns* oeswN wnovatkx qerman ooaltty e««hneew*o EASY ACCESS Europe
      294 words
    • 27 27 Contamer Schedule 17 Daly traghts 17 Index to Advertiser* 3 Stappni Guide 10,11 Slips« Port 17 Singapore Tides 17 Veritas report 2 Weather and Sea Conditions 17
      27 words

  • Page 28 Advertisements
    • 32 28 ON SALE NOW A Y mmmml^r 0i 9P jB I I >•— vj^rvyM^^BTyrTriyißTTl'T^Br ■B: j < SSBfcfe^^l^HP' y t A jvapslac {HHRpi *J?l' 'wßy' J k '"'f 7?' t 'Svi. s ''^M' l T"'
      32 words

  • Page 29 Advertisements
    • 2132 29 JARDINE SMIPFIN6 AGENCIES Xlllf# 200 Cantonment Row] #12 05 Southpo.nt, Singapore 0201 IMW&W M *****11 TELEX NO RS ***** H IfCTßlll TERMINAL/CFS Te) *****11 220 PSB BOOKINGS TO *****34 235 PCSAKA JARDINE SHIPPING AGENCIES SON BHD ■kViM PORT KELANG TEL *****1S TELEX NO. MA*****/MA***** fl 4 1 1., C2™TSTT WPinPPW
      2,132 words
    • 1240 29 INDEX T^gTCERS Page Col Page Col I I M ~1 ABC Containerline 13 5 Mac-Ncls Agencies 14 1/2 Accord Shpg 8 3-5 Macoline 14 1/2 Albatros Sea-Air 14 S Madju Sdn Bhd 16 1/2 Alfred C Toepfcr 15 5 MaerskLine 3 4/5 Ahrenkiel Liner 16 5 APC Line 14 4
      1,240 words
    • 2266 29 Vmm 1 Voy ETA ETD "Port *P*nang Singapore Kalang DESTINATIONS rh* MM ucunnay M 9006 FMdw by 12* (woo Mfts m Ftrco 4 CFS 11/e 1000 HBS M Tauro OAK LOB HOU MEM ATL MIA CHS BAL PML KYC MON TO« MC KINHEV M 9006 12/6 M IV6 Std 9/6
      2,266 words

  • Page 30 Advertisements
    • 1183 30 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE KOWLOON BAY 96/568 14/6 917 3/7 5/7 2/7 B/7 LANGANGER 01/520 16/6 12/7 14/7 13/7 BENALDER 95/572 17/6 4/7 6/7 8/7 9/7 11/7 OSAKA BAY 94/571 21/6 16/7 10/7 12/7 9/7 15/7 ARLBERG 02/575 22/6 17/7 19/7
      1,183 words
    • 598 30 etwir* SIN SUV PPT ISLA FLOREANA 9/6 25/6 1/7 Also accepting cargo to Lautoka via Suva DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 9/6 11/7 13/7 15/7 Also accepting Cargo to Callao (Peru) via Valpa a«.«Bssasss? VS. JAYA: 03-*****25 JOHORE: 07-*****2 PENANG: 04-*****7 NORTHBOUND TO UKC I S
      598 words
    • 1531 30 ra Mm&mSX& REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN CLM ALG BCL FEL HAM BRE ROT ANT LHA A-': HAM) RCT) NORASIA PRINCESS 9014-3 09/06 13/06 30/06 02/07 04/07 0607 07«07 08/07 09/07 10/07 NORTH SEA 015W 15/06 19/06 07/07 09/07 12/07 1407 15W 1607 17/07 18J7
      1,531 words

  • Page 31 Advertisements
    • 1732 31 Steamers Maritime Holdings Ltd k- > fITIV STRAITS SHIPPING oc V/ SJeiaport to Btwml. East Malaysia, M Voy No PKlang S pore S tun H'burg B'hayenß'dam Left ACCEPTS DUE SAILS ALASKA MARU 11,569 *T BHUM 04 6 0( 06 27 06 «,06 X/ 06 CARGO KOWLOON BAY »56» ARL UV6
      1,732 words
    • 1830 31 TO: EUROPE TO: FAR EAST SP LN ROM HAM B HVN FLX SPORE HK KAO KOB BU CHOYANG SUCCESS 009W 16,6 4/7 S/7 itf 1/7 9/7 HANJIN ROTTERDAM OOtE 116 14 6 1M 111 21* HANJIN HAMBURG 001W 23/6 11/7 12/7 13/7 15/7 16/7 CHOVANG CHANCE M7E 1»6 21/» 21%
      1,830 words
    • 331 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL ASEAN ASIAN SEA TRADER STAR LARK VOY NO 2 113 33 Spore Sid 13/6 19/6 P Kelang In Pt Penang Hong Kong Yokohama Nagoya 23/6 Osaka Senboku 25/6 Kashima Hochiminh 22/6 'For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS,
      331 words

  • Page 32 Advertisements
    • 719 32 DJASAQETRI A Joint Europa Service 01: P.T. DJAX AIT A UOYO P.T. BESURI UOYB p.i. smhioera mmm m. trikora llovd CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE VSI/VOY S PORE N OAM) H BURG BREMEN ANTWERP AOAM U. BONTANC/21W8 27 30.6 1/S 4 8 7/1 10/* SRIWIJAYA/V29WB 10-13/7 8,8 12/8 16
      719 words
    • 671 32 (Jh HANJIN SHIPPING Yy FULL CONTAINER SERVICE CCTraß.tfJiJfJiJJinHnrTJ—— I ftl'NT:l jM\ar>lci>iii IHVI yi 1 S pore I L*Ha«r* R dam H burg B'hav*n f slow. FEEDER VSL SIN LINE HAUL LAX OAK 16/6 4/7 V 7 6/7 8/7 9/7 HANJIN ROTTERDAM OOSE 11/6 H POHANC 100E 1/7 8/7 23/6 11/7
      671 words
    • 1501 32 IPKI SCP HKG KSC KLC PUS MKT OSK TVO BAL LHV ANW ROM FLX MBC SCP I EVER GIANT 12* 13/6 20/6 14/6 22/6 25/6 27/6 21/6 2/7 27/7 M 7/1 8/8 10*8 1/1 EVER GENTRY 11* 20* 27* 2S* 21* 2(7 4/7 6/7 1/7 6/4 IS* It* 17/8 18/8
      1,501 words

  • Page 33 Advertisements
    • 1764 33 J NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) VV* BOOKINGS: UK/EUROPE SERVICE *****19 m AUST/INDIA/PAK SERVICE *****18 USA SERVICE *****16 "J222" FAR EAST SERVICE *****48 DOCUMENTATION *****44/*****14 TERMINAL: *****22 CFS: M 2 IMPORT: *****69/*****50 J?*' NEPLINE SDN BHD MALAYSIA EXPORT: *****53/*****04 K.L.-*****33, P.Kelanf-*****87. Penang-*****0, J.Bahru-*****3, *****4 |A
      1,764 words
    • 1183 33 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EAST BOUND LOADING FOR WESTBOUND vcsscis voya« |spore nkomc voyage spore pklang wuk bmaven tilbury rott [~antorp P TOVSTYKH 13C90
      1,183 words

  • Page 34 Advertisements
    • 1150 34 m^mmm J|^yf|oj|||^yi^SSUUUttiUßH3KUSUflHKflfiaflliiH| N. AMERICA-ATLANTIC COAST WHW. VOY 'INDO 'PK/PNG [~SGP LE HAVRE F STOWE R DAM H BURG BREM RHEIN BRIDGE 9W 6/6 7/6 9/6 25/6 26/6 28/6 29/6 30/6 HUMBER BRIDGE 10W 19/6 18/6 16/6 2/7 3/7 5/7 6/7 7/7 NEPTUNE ZIRCON 8W 20/6 21/6 23/6 9/7 10/7 12/7
      1,150 words
    • 1607 34 IETD SIN (1 DAY) <' DAY) (1 DAY) CATHERINE I 10/06/90 j— PORT KELANG PENANG BANGKOK JACQUELINE aarik. TWICE/WKLY BOOKING CONTACT w ETO SIN (3 DAYS) (2 DAYS) (1 DAY) 10/06/90 KONG KAOHSIUNG JOYCE/JUDY mA. TWICE/WKLY [ETD SIN (6 DAYS) r ♦(1 DAY) ♦(4 DAYS) BOOKJj^ONTACT 10/06/90 MANILA NAGOYA SERENE/SITI
      1,607 words

  • Page 35 Advertisements
    • 2856 35 aaasPff pacific international lines (pte) ltd tSSSSSSSS U mm JBWI Building, 140 Cecil Street #03-00, Singapore 0106. »M T. n/ T VESSEL VOV SIN BKK SIM Unr? i».a OMR in 7«« IPEGASUS PROGRESS 620N M 12/8 1M £2 \Z i/6 IKOTA SINQA 14N 11/. 14/6 <M ££I A MAS 1??
      2,856 words
    • 265 35 MYANMA HVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Kelang Pen B*ok MYOMAYWA VI2BW 10/12 JUN 7/1 JUN J/S JUN HPA-AN VISOW 6/9 JUN PAGAN VIS7W 10/12 JUN MERGUI V99W 10/12 JUN PATHEIN VlO3 21 JUN/1 JUL THE BANK LINE (A service of Andrew Weir Shipping)
      265 words



  • Page 38 Advertisements
    • 650 38 INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV ROM ANT HBG RST TAIWAN SEN WF6I9 11/6 4/7 6/7 |/7 9/7 H CECIELSKI Ml 22/6 16/7 16/7 U/7 EUROPEAN UN NFO22 26/6 19/7 20/7 21/7 23/7 E. TKALLMANN 4/99 4/7 21/7 30/7
      650 words
    • 1404 38 UKC COWVWTWWAI —TOCR Vmml P. KLC PNC PC. Loading lor A VESSEL 20It ftotttrdMi/Antwerp CHINA rWA COWTAINM «nVK» VMMI PKL PNC SPORE BKK HKG SNA QIN LTC SHANG CHENG 121 21/5 23/5 27/5 4/« l/l YANG FANC KOU 129 31/5 2*5 44 125 1M 20/* Acceding fCL Cargo tor all
      1,404 words
    • 250 38 ISiOO S PORE PKL PNC HKC INC BSN HAI YINC VOn 14 Jun 15 Jun li Jun 25 Jun 27 Jwi OCEAN CROWN VOO2 17 lua II Iw 21 Jun M Jim RACNA VOO6 22 Jun 23 Jun 24 jun 3 Jul 5 Jul BUSAN CLORY VOOS 2» Jun tun
      250 words
    • 574 38 I POSEIDON CONTAINER I I VCT\ TRANSPIRT GMBH HAMBURG I I V SOTRA EXCLUSIVE ROUTES I I TRANSCAUCASIA TIANSSIBERIA SERVICES I AFGHANISTAN!: Hairatan, Torgundi Kabul ETD SINGAPORE: 10/6, P7/6, 19/6, 3/7, 6/7 I IRAN 1 :IFASTERN CENTRAL EUROPE I Djulfa Astara Belgrade Bucharest Budapest Helsinki Prague Sofia Vienna Warsaw USSR
      574 words
    • 574 38 SIR I BHUM* <50* Fn 'In W ll HYA BHUM+ 22* Sun Hf» ■AHA BHUM# 13N Wad 13/6 Sat l</6_ SIHI BHUM* 451N Ffj iyt W* PIYA BHUM+ 229N Sun 170 W«d MAHA BHUM# 14N Wad W St 23/1 MEKHAWIK KURAKO 14W Wad **> SIRI BHUM# 4S2N Fri W *w
      574 words

  • Page 39 Advertisements
    • 1092 39 EXPRESS FEEDER SERVICE (Fully Containerised) VESSEL SIN CTG A VSL 18/6 25/6 A VSL 21/6 27/6 A VSL 6/7 12/7 (Conventional Service) ETA S'PORE LOADING FOR. BANGLAR MAYA 15/6 S. KOREA, JAPAN ETA S'PORE LOADING FOR MV ALKINDI 9/6 Ummqasr/Baghdad/Basrah Kirkuk/Mosul MV ALRAZI Sid S. Korea/Japan mmmmmmmM W T, m«
      1,092 words
    • 180 39 {5% RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 fti TELEX: RS ***** RISHIP (3 Lines) [T§A ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA IIOACMNG FOP SPORE ABYOT 2iws 21/00 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA HOOEIOAH ABBAY WONf
      180 words
    • 655 39 w_P,T, MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO JKT. PKG, PNG AND. BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ
      655 words
    • 584 39 BAY OF BENGAL SERVICES MADRAS CALCUTTA VESSELSVOY SIN MAA SIN LEUVE 9125 12/6 16/6 27/6 LEUVE 9126 27/6 01/7 13/7 LEUVE 9127 13/7 17/7 30/7 LEUVE 9128 30/7 03/8 14/08 VESSELS VOY SIN CCU SIN JORGEN VESTA 03N90 07/6 14/6 21/6 JORGEN VESTA 04N90 21/6 28/6 05/7 JORGEN VESTA 05N90
      584 words
    • 394 39 TO AUSTRALIA/NEW ZEALAND VSI Sinfapoft fr«Mntl< Hdbourn* Sytnty Aurtlnii >—i<■ TNT EXPRESS 2« IS 17/t MA 27* V 7 V i Nuotc no 1m w v uH W an BRUSSEL B2 »?7 lit Vt M 15* IS C VEROUK 253 M IS H» S» M S 1* DATS TO STDNET!
      394 words

  • Page 40 Advertisements
    • 1850 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCI, FOR AUCKLAND, NAPIKR, WELLINGTON, BLUFF, t HRISTCHL'RCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK IVT MAHSURI 0574 U Jun I) iun Via NPI 21
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    • 683 40 7TI THONG SOON LINES PTE. LTD. \v I 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) mmmmm Tel: *****22 Fax_No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH vessel voy [rn Jdest rout vtr I eto dest KIM SOON LI 23/90E 9
      683 words
    • 302 40 IRANIAN SERVICE I Singapore Loading for:- J A VSL MID JUNE Bandar Abbas I (NattMii Um Of Maxtcs) U.S. WEST CQAST/MEXJCQ/CamiAL AMERICA CONTAINER SERVICE NKC LI tNStNAM L CARMNAS S CRUZ HAUANIUO ■TLA WS M ifl 4/7 1/7 I*7 I*7 OAXACA VU OH U/7 14/7 U/7 2*7 ZJ/7 Also accepting
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  • Page 41 Advertisements
    • 687 41 COMPANIA PERUANA de vapores "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* ft OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P Kelang Singapore ROSEEVERETT K3O/8 jun iOHNEVERETT 15/17 Jun MURRAYEVERETT 18/20 Jun 21/23 Jun WEV "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN
      687 words
    • 625 41 West Coast, Camhbean.East Canada. HAITI Guatemala and Hondas VSI [S PORE tIAINLINER |IAX |KST SAV NYC tHFX ZIM KOPER 14/4 M HAIFA 14/7 WW W [30,7 I ZIM EILAT 22/* 21" AMERICA 22/7 JV7 JjJ 5J ZIM SINGAPORE JM ZIM SAVANNAH W M 1W WJ VJ ZIM VENEZIA 4/7 ZIM
      625 words
    • 692 41 Msing kwang hang HHerma t tium»o«tahow (rre) ltd WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 8/6 11/6 JENWEL I 7/6 I I 9/6 VESSEL S PORE BANGKOK A VESSEL 8/6 n/6 A VESSEL 9/6 12/6 DESTINATIONS ETA SINGAPORE PORT KELANG 9 JUNE MANILA 10 JUNE HONG KONG. ALL
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    • 527 41 PERINTIS LINE JIHp|M9IIIMRnfRHn9nM9V ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOV SINGAPORE JAKARTA SURABAYA PELOPOR 945 9/6 12/6 PRASETIA 101 A 13/6 16/6 PELOPOR 946 16/6 19/6 TANTO UTAMA DRY DOCKING TANTO UTAMA 81 13/6 16/6 TANTO UTAMA 83 20/6 23/6 TANTO UTAMA 85 27/6 30/6 General
      527 words
    • 363 41 S|N FAB EAST 10/6 KEELUNG/KAOHSIUNG 10/6 BANGKOK 11/6 MANILA/CEBU 16/6 JAKARTA/BELAWAN/SURABAYA 15/6 PORT KELANG/PENANG 11/6 BUSAN 12/6 TOKYO/YOKO/KOBE/NGO/OSA 11/6 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai SIN EUROPE/UK 10/6 LDN/FLX/LVP/SOU 10/6 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 14/6 LOS ANGELES/NEW YORK all IPI points 14/6
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  • Page 42 Advertisements
    • 675 42 VSL DESTINATION ETA SIN MAHA BHUM 13N BANGKOK 13/6 SIRI BHUM 451N BANGKOK 15/6 PIYA BHUM 229N BANGKOK 17/6 MAHA BHUM UN BANGKOK 20/6 AKA BHUM 24S CEBU, MANILA 15/6 SD ORIENT 25R CEBU, MANILA 22/6 VEGA 13A KARACHI. BOMBAY 17/6 O STRENGTH 24A KARACHI. BOMBAY 29/6 KITI BHUM 44S
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    • 317 42 fiPMADKRIS BUSINESS \rm CORPORATION PHILIPPINE DIRECT REGULAR SERVICES TO MANILA BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT ALL HEAVY LIFT WELCOME M.V.'DAGOHOY' 07/90 27tt) JUNE BISLIG/MNL TBN 10-14 th JUNE MANILA/BISLIG M.V.'DAGOHOY' 08/90 15TH JULY MANILA/BISLIG/ILIGAN GENERAL ACT CALSOURCE SHIPPING TRADING PTE LTD. &3 ROBINSON RD. #05 01
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    • 513 42 f" LCL/FCL SERVICE TO/FROmJT/' I I I M: n I V II M CHF* MrYM ov#f 60,000 po4nta In U.S.A. l_l f|£jJJ flHB\ fly» off»rs rdiabU LCL/FCL»nrte*«. X. General Agent*: 7ZM/WT7/A/Ar »/> KL: allieo LINK SINGAPORE: 04-*****2 *****8955 778 6522(22 linesi SEfA V Marina Ong Swaan Ng/Chr<aUna Chtaw AI tea
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    • 183 42 M2252E31 VESSEL S* m. DSN RBY SILVER HAPPINESS VOY 15W 19/06 30/06 05/07 ALS TRUST VOY 16W 29/06 10/07 15/07 20/03 OHFU 17W 09/07 20/07 2V07 30/07 Accepting FCL tor Johann—burfl VESSEL BST HN PTI SW UI M CHOFU VOY 11E 28/06 05/06 10/06 21/06 30AM 03/07 ALS STRENGTH VOY
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  • Page 43 Miscellaneous
    • 570 43 TIDES AND WEATHER v. w> jww»wwwi j ;>iw iwwiw»witf..'.". n«- mmmmmmrnuHmmm TODAY'S TIDES (hetght in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 MOO **********00 1200 ***************0 **********00 2000 2100 2200 2300 K 27 2.3 18 1.2 09 0.6 0.5 06 0.9 1.4 18 2.1 2.3 2.2 1.9
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  • Page 44 Advertisements
    • 257 44 LIQUID CARGO PROBLEM? NEED PUMPS AND SUPPORT SERVICES? Read the advertisement on the right! PAKISTAN NATIONAL -CTSr SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT KLANG PENANG TBN 20/6/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL
      257 words
    • 461 44 Ahyundoi MERCHANT MARINE CO. LTD. EASTBOUND TO USA 1 WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKG SIN HYUNDAI CHALLENGER 34E 08/06 14/06 02/07 05/07 08/07 LALANDIA 31* 14/05 17/05 20/05 07« 14 06 HYUNDAI INNOVATOR 33E 15/06 21/06 09/07 12/07 15/07
      461 words
    • 532 44 Call *****58 or Fax *****82 SINGA PUMP SERVICES PTE LTD RENTAL AMD SUPPPORT SERVICES Putrps Fenders T'ansfer Hoses Healers Tank Coan.rg Eq- P~ EMERGENCY RESPONSE SERVICES FOR TACKLING AN i LIQUID CARGO PROBLEM H gh Transfer Pumping Re heating Cleaning EXPORT TO: UK/CONTINENT (TRIO) •««^c. l .ro, £H^^H M »mbu't
      532 words