The Business Times, 25 February 1988

Microfilm: NL16090
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMIS MCI (P) 95/12/87 THURSDAY, FEBRUARY 25, 1988 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    244 1 Dow Jones higher WALL STREET stocks turned higher yesterday after a mixed opening with blue chips among strongest issues. The general market was less bullish. Some traders were pushing for a rise through the 2050 level, where they could take profits. The Dow 30 was up seven
    244 words
  • Article, Illustration
    Stock market lacks vim
    175 1 WHILE the Tokyo stockmarket closed firm in its tenth consecutive rise, markets in Singapore, Hongkong and Sydney closed mixed in sluggish trading. Trading was generally lacklustre, reflecting Wall Street which closed down 1.72 points on Tuesday at 2039.12 in cautious trade, again failing to pass its
    175 words
  • Article
    Condominium prices register lowest rise
    711 1  -  Private flats were best investment in mini-boom By LEE HAN SHIH A SHIFT in buyer preference made condominium units the worst kind of residential property to invest in during the recent mini-boom in that market. In the year ending June 1987, a period when Singapore's
    711 words
  • Article
    Lock icon Hanoi said to have cut troops
    122 1 UPI VIETNAM has quietly withdrawn more than half of its 40,000 troops in Laos in an effort to save money and to give credence to its promises to pull out of Cambodia, Laotian officials and diplomatic sources in Vientiane said yesterday. "The Vietnamese troops,
    UPI  -  122 words
  • Article
    Lock icon Oil futures trading backfires
    339 1 Reuter MANY JAPANESE trading houses and oil companies, traditionally averse to taking risks, are having to cut staff after losing billions of dollars on speculative oil trading last year. "Japanese companies lost their shirts last year," said one international oil trader yesterday. One oil analyst blamed
    Reuter  -  339 words
  • Article
    Lock icon Tokyo to consider foreign investment in oil industry
    171 1 AFP JAPAN will consider foreign bids to invest in its oil-refining and petroleum-products industries on a case-by-case basis, an official from the Japanese Ministry of International Trade and Industry (Miti) said yesterday. Kuwaiti interests and British Petroleum (BP) were interested in investing
    AFP  -  171 words
  • Article
    Another ho-hum day for the American dollar
    182 1 A REMARK by Bank of Japan governor Satoshi Sumita yesterday weakened the US dollar against major currencies on Asia's foreign exchanges yesterday. Mr Sumita said in Tokyo yesterday that the dollar's fall over the past two-and-a-half years was not a crash in the
    182 words
  • Article
    Cooperation needed to avert danger of world recession: PM Lee
    402 1  -  By JOHN LIM SINGAPORE economists believe there is a 60- to 70-per-cent chance of a world recession within the next three years, according to Prime Minister Lee Kuan Yew. He said this in an interview late last year with Zeitmmgazin,
    402 words
  • Article
    Lock icon Three companies sign satellite deal
    197 1 Reuter THREE MAJOR companies from China, Hongkong and Britain signed an agreement yesterday to launch a telecommunications satellite for Asian countries. Cable and Wireless of Britain, Beijing's China International Trust and Investment Corporation and Hutchison Whampoa of Hongkong announced a US$l2O million scheme using a
    Reuter  -  197 words
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      85 1 TIENGOURTif SICHUAN CUISINE tt A King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 Full report, Pag* 14 Regional markets, Page 16 World markets, Page 17 Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide as a measure
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      Page 1 Advertisements Column 2
      365 1 The yen abroad JAPAN'S foreign direct investment (FDI) is growing fast, but it is not as great as some of the ballyhoo surrounding Japanese investment in some American companies may suggest. Surprisingly too, the bulk of Japan's FDI went into finance, insurance and property and not into building cars and
      365 words
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      Page 1 Advertisements Column 3
      89 1 Riaa in building material pricat hit# contractors, Back Paga m *-> A---r v DINING ON TOP-OF-THE-WORLD Join us at the top. Enjoy the best Beijins cuisines specially prepared by our master chef. All yours to savour, amidst the grand panorama of the city and southern islands, the cosy ambience and
      89 words
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      Page 1 Advertisements Column 4
      0 1 '-&[@=`@,-].(-%:*--=^.&~{+>^^,;
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  • HOME NEWS
    • Article
      Taiyo Yuden to boost its operations
      434 2  -  $20 million to be invested By TONG SUIT CHEE A JAPANESE manufacturer of advanced electronic components, Taiyo Yuden, is to invest $20 million this year and next to expand its operations in Singapore. Half of the funds will be used to set up a
      434 words
    • Article
      How to assess condition of a building
      123 2 THE CONSTRUCTION Industry Development Board has released a publication to assist building owners, consultant architects and engineers assess the condition of a building. Besides this. Building Diagnostics, as the publication is called, also describes the choice of technical tests and instruments and lists
      123 words
    • Article
      SRMA brings training to the doorsteps of small retailers
      374 2  -  By WILLIAM CHIA NEIGHBOURHOOD shopowners in public housing estates and small retailers in private shopping centres will be able to attend retail training courses brought to their doorsteps. The Singapore Retail Merchants Association (SRMA) Training Centre is planning to provide "mobile"
      374 words
    • Article
      Chok Tong to be queried on election details
      238 2 FIRST Deputy Prime Minister Goh Chok Tong will be asked in Parliament today whether the next election will see an increase in the number of constituencies. The question is to be raised by opposition MP Chiam See Tong (Potong Pasir). Mr Chiam
      238 words
    • Article
      SMEs urged to tap Japan-Asean investment fund to boost sales
      304 2 A CALL was made yesterday for small and medium-sized enterprises (SMEs) to take advantage of an investment fund to help them expand their sales in Japan. The call came from Mr George Abraham, the honorary secretary general of the Singapore
      304 words
    • Article, Illustration
      Australian minister due
      350 2 MR BILL HAYDEN, Australia's Minister for Foreign Affairs and Trade, arrives in Singapore today for discussions on regional and bilateral matters including trade and investment. Mr Hayden's two-day visit is his first to Singapore since the expansion of his portfolio last year to include international trade policy.
      350 words
    • Article
      MEMO PAD
      547 2 Seminars and courses Mor 7 Profitable Forecasting WesHn Stamford Institute for *****21 and Technical Analysis and Westin Plaza International for Treasurers and Research T roders Mor 7 Quality Control Circle National National *****66 (commenceFocilitotor Course Productivity Productivity ment date) Board Board Mor 7-8 Developing and SIM Conference Singapore
      547 words
    • Article
      Don't U turn here
      125 2 TWO U-TURNS along Upper Ayer Rajah road will be closed from tomorrow to make way for works to upgrade this road into an expressway. The two U-turns are found west of the junctions of Upper Ayer Rajah Road and Clementi Avenue 2 and West Coast Way.
      125 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      552 2 ASSOCIATION OF MERCHANT BANKS IN MALAYSIA brings to you A TWO-DAY WORKSHOP SEMINAR on CHART ANALYSIS TRADING. TACTICS FORECASTI Featuring MR. DAVID FULLER a global financial expert and internationally renowned speaker Specially designed for Fund Managers, Investment Advisors and Analysts, Brokers, Forex Dealers, Currency Traders and Hedgers and all other
      552 words
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      Page 2 Advertisements Column 2
      44 2 EVERYTHING YOU NEED IN A LUXURIOUS OFFICE for the price of a room! WORLD-WIDE BUSINESS CENTRES (S) PTE LTD #11-04/06 Peninsula Plaza, Tel: *****69 Complete facilities telex fax copier word processing secretarial services conference room answering service long short term lease vou name it'
      44 words
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  • ASIA – PACIFIC
    • Article
      Lock icon Beijing's trade balance shows improvement
      635 3 AFP CHINA announced on Tuesday a marked improvement in its trade balance amid high growth in 1967, but said accelerating inflation toad slashed real earnings in almost a quarter of the country's urban households. Industrial output meanwhile continued to surge, as farm production for the
      AFP  -  635 words
    • Article
      Lock icon Tokyo truck makers puzzled by Chinese criticism
      203 3 Reuter JAPANESE truck manufacturers are puzzled over a campaign in the official Chinese media accusing them of shipping defective vehicles even though no formal complaint has been made. Since late last year, Chinese newspapers including the People's Daily have accused thre* manufacturers Isuzu
      Reuter  -  203 words
    • Article
      Lock icon Taiwan working on plan to relax restrictions on trade with China
      405 3 AFP TAIWAN is to relax trade restrictions with China and allow cultural and sports exchanges in a new mainland policy to be worked out by the ruling Kuomintang (KMT), the United Daily News reported in Taipei yesterday. This "New
      AFP  -  405 words
    • Article
      Lock icon Protest against imported gunny sacks
      114 3 AFP INDONESIAN producers of gunny sacks have asked the government to take action against companies illegally importing gunny sacks from China, a newspaper reported on Tuesday. The Jakarta Post said the Indonesian Gunny Sack Producers Association (AP- Kl) representing five private firms said "certain importers"
      AFP  -  114 words
    • Article
      Lock icon Talks on HK's defence costs
      150 3 Reuter BRITISH OFFICIALS arrived in Hongkong yesterday for fresh talks in the continuing wrangle with the colony's administration over who will pay for maintaining British troops there until 1997. Under an agreement due to expire at the end of next month, the 9,000strong British military
      Reuter  -  150 words
    • Article
      Lock icon Indian parliament's budget session off to stormy start
      534 3 AFP THE INDIAN parliament's threemonth budget session got off to a stormy start in New Delhi on Tuesday with opposition members of parliament walking out of the lower house and the chairman of the upper house threatening to quit after an uproar.
      AFP  -  534 words
    • Article
      Lock icon Vietnam must open up to foreign ideas, says top planner
      483 3 Reuter A TOP designer of Vietnam's economic reforms says the impoverished communist state must stop being so defensive towards outside influence and open up to foreign help and ideas. Vo Van Kiet, a member of the ruling politburo and a
      Reuter  -  483 words
    • Article
      Lock icon No evidence of high-tech smuggling to socialist bloc: KL
      385 3 MBT THERE IS NO evidence to suggest Malaysia has become a "playground" for rampant smuggling of "high-tech" goods to socialist bloc countries, although one electronics firm has raised this possibility. Whatever thefts there had been were motivated by money and had
      MBT  -  385 words
    • Article
      Lock icon Cable TV in Jakarta by year's end
      116 3 AFP INDONESIA'S first cable television station will be operative before the end of the year, providing the residents of the nation's capital with their first alternative to the single-channel state-run TVRI. Jakarta newspapers yesterday quoted Information Minister Harmoko as saying that the new
      AFP  -  116 words
    • Article
      Lock icon Japanese steel exports down
      158 3 AFP JAPANESE steel exports dropped 15.3 per cent in 1987 to 25.685 million tonnes and imports jumped 42.3 per cent to a record 7.476 million tonnes, the Japan Iron and Steel Federation said in Tokyo on Wednesday. The average export price of Japanese steel products rose
      AFP  -  158 words
    • Article
      Lock icon More spent on advertising
      119 3 AP JAPANESE COMPANIES spent 3.945 trillion yen (U5530.34 billion) on advertising in 1987, the highest year-to-year increase in six years and 8.1 per cent more than in 1986, Japan's largest advertising agency reported on Tuesday. The increase reflected the recovery of the Japanese economy led by
      AP  -  119 words
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      Page 3 Advertisements Column 1
      194 3 lfc>Y A* A ?ifc* While you invite them to aYu Sheng party, we invite ycxi to have it at Sommerville Restaurant. 0. |£T/8 > f *.A It is a tradition to wish your friends and business associates the very best for the New Year with the traditional Yu Sheng meal.
      194 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      36 3 Vmm m y///i: Singapore Moscow Nassau New Delhi New York Nicosia Oslo Paris Perth Rio 'Janeiro Rom* Son Fris'co San Juan Santiago Sao Paulo Seoul Stockholm Sydney Taipei Tel Aviv Tokyo Toronto Vancouver Vienna Warsaw Washington
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon Fed chairman speaks out against protectionism
      547 4 Further cuts in budget deficit urged AFP AP FEDERAL RESERVE chairman Alan Greenspan, in his first semi-annual report to Congress, has called for further cuts in the federal budget deficit and argued against trade protectionism. Mr Greenspan, echoing claims by President Ronald Reagan, told
      AFP; AP  -  547 words
    • Article
      Lock icon Trade Bill compromises go to the US Senate
      209 4 UPI A SWEEPING trade reform bill moved towards completion on Tuesday as House of Representatives negotiators approved a package of compromises and sent it to the Senate. House Ways and Means Committee chairman Dan Rostenkowski, Democrat-Illinois, in announcing the proposal, said he
      UPI  -  209 words
    • Article
      Lock icon Italy blocks approval of Common Market's budget
      333 4 AFP ITALY early yesterday blocked approval of the European Community budget on technical grounds, raising anew the spectre of prolonging the months-long EC budget crisis. The West German Secretary of State for Finance, Hans Tietmayer, told the press in Brussels, Belgium, that West
      AFP  -  333 words
    • Article
      Lock icon Goria's government survives secret ballot
      402 4 Reuter ITALY'S resurrected five-party government on Tuesday survived a secret ballot on funding for the Finance Ministry, its first real hurdle since President Francesco Cossiga rejected its resignation 10 days ago. Both Prime Minister Giovanni Goria and Finance Minister Antonio Gava had made it clear
      Reuter  -  402 words
    • Article
      Lock icon German trade with communist bloc countries declines by 10pc
      266 4 AFP WEST GERMANY'S trade with communist countries fell to 42.5 billion German marks (US$25 billion), 10 per cent down on the 1986 figure, according to a study by the country's BDI employers' federation. The percentage of the exchanges in West Germany's
      AFP  -  266 words
    • Article
      Lock icon Nato expected to reaffirm priorities at summit
      318 4 AFP NEXT WEEK'S Nato summit is likely to reaffirm the priorities which the alliance drew up in June, US Secretary of State George Shultz predicted in Brussels on Tuesday. West German Foreign Minister Hans Dietrich Genscher told reporters that two statements would be
      AFP  -  318 words
    • Article
      Lock icon Reagan makes pledge to defend Europe
      324 4 UPI PRESIDENT RONALD REAGAN has pledged that the US will keep its troops in Europe and maintain its nuclear umbrella "strong and up to date" in the defence of the Atlantic alliance. In an address on Tuesday, broadcast on Worldnet and the Voice of
      UPI  -  324 words
    • Article
      Lock icon Majority of US governors back trade pact
      162 4 AFP US STATE governors voted overwhelmingly on Tuesday in favour of ratifying the US-Canada free trade pact. Only five voted against the treaty, but two of them are Canada's next-door neighbours. The National Governors' Association gave its thumbs up to a free trade
      AFP  -  162 words
    • Article, Illustration
      Lock icon Stoltenberg rules out world recession
      266 4 AFP WEST GERMAN Finance Minister Gerhard Stoltenberg has said that the dollar should remain at around 1.70 German marks in the medium term. He ruled out any fresh change in tax policy to boost domestic growth. In an interview with the Sueddeutsche Zeitung released on
      AFP  -  266 words
    • Article
      Lock icon British output goes up a strong spc
      270 4 FT BRITAIN's output rose by nearly 5 per cent last year, the fastest growth rate seen since the early *****, according to preliminary figures released by the Central Statistical Office (CSO) on Tuesday. It said that its estimate of the output measure of
      FT  -  270 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      872 4 ARRIVALS Operator Sorvict Local From number tlnw OA OA472 0015 SYD/M& THAJ TG481 0025 IKK SIA SQ11 0115 LAX/NRT UL UL4S3 0315 NtT c C555 0655 MAA MAS MH681 0820 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL SU SQI03 0950 KUL AC AC858 0950 YYZ/LHt/iOM
      872 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      81 4 Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are easy to
      81 words
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      Page 4 Advertisements Column 2
      60 4 Xis,ness peon's cSotce, every I l lk"l II III I Tuesc>ay Th ursday, Saturday and I 1 W 1 VI II f Sundoy. Leaving Changt Airport at I V_J I \V /1 1 JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Coll your Travel
      60 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      53 4 Doonesbury BY GARRY TRUDEAU OTHER PEOPLE UJERE RUNNING FOR PRESiPENT, BUT THIS PfPNT FAZB PRJNCE ALBERT... gore X SOHEUJENTTO lOUtA ...UHERE HIS SUPPORT MAS TOO LOW TO BE MEASURE? m M m Ya m I s J m ''i X 7M THE PRJNCB IS6U6PA SHERMANESOUE STATEMENT. lUJILL TAKE THE SOUTHf
      53 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      264 5 AT&T WYWY markets either directly or by working with and through strategic overseas partners. Together, AT&T and Wywy will bring cordless phones and small business products to this fast growing region in Singapore, East and West Malaysia and Brunei. W mmh .Some 1,500 dealers, retailers and wholesalers spread over 12
      264 words
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  • COMMODITIES
    • Article
      Lock icon Coffee price at highest level in more than a year
      377 6 AP THE AVERAGE PRICE of coffee traded on world markets has reached US$l.2O a pound, its highest level in more than a year, the International Coffee Organisation said on Tuesday. If the price climbs to US$l.25 a pound, the world
      AP  -  377 words
    • Article
      Lock icon US will not change sugar policy until others do
      187 6 Reuter THE US will not reform its sugar policy unless the European Community and other countries that subsidise production and restrict imports commit themselves to do the same, US Trade Representative Clayton Yeutter said on Monday. "We see a real need
      Reuter  -  187 words
    • Article
      Lock icon US energy situation better now, says Energy Secretary
      306 6 Reuter US ENERGY SUPPLIES and prices are becoming more secure after years of instability, Energy Secretary James Herrington said on Tuesday. "The US enjoys a much more secure energy environment than was the case years ago when first Opec and then the
      Reuter  -  306 words
    • Article
      Lock icon Dutch auditors to monitor Indonesian oil production
      156 6 UPI A TEAM of Dutch auditors has started to monitor Inddnesia's crude oil output under an agreement reached with Opec. A five-member team from Dutch company Klynveld Kraayenhof (KKC) began its work on Monday, as mandated by the last meeting of Opec. Opec
      UPI  -  156 words
    • Article
      Lock icon Aluminium reaches new highs on fears of tight supplies
      274 6 AFP ALUMINIUM reached new highs on the London Metal Exchange (LME) Tuesday, as continued fears of tight supplies fuelled trade buying. The metal maintained its premium over copper which was established on Monday. Standard aluminium traded up to a record of
      AFP  -  274 words
    • Article, Illustration
      Lock icon Perak sets aside forest land for rehabilitation
      230 6 Bernama THE Perak government has earmarked more than 12,000 ha of forest land for rehabilitation under the compensatory forest plantation scheme. Menteri Besar Oatuk Seri Ramli Ngah Talib said yesterday the area covered the Chikus Forest Reserve in lower Perak and the Tanjung
      Bernama  -  230 words
    • Article
      Lock icon Australian mineral exports at record high
      196 6 AFP AUSTRALIA'S mineral exports increased 9.8 per cent to a record AJ18.3 billion in 1987, Federal Resources Minister Peter Cook announced in Canberra. The total, an increase of ASI.S billion from 1986, topped the previous record of A 515.3 billion set in 1965. Gold
      AFP  -  196 words
    • Article
      Rubber
      252 6 SINGAPORE The market closed slightly easier yesterday with March One RSS buyers quoted at 218.50 cents a kg, down half a cent from Tuesday's close. After a slightly easier opening, prices fluctuated within a narrow range on some liquidation of nearby positions in thin morning trading. Quiet condition continued
      252 words
    • Article
      RAS and MRELB
      238 6 R AS prices in S cants/kg, FOB In bal« NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 221.50 222.50N 221.50 222.50N Int 1 RSS Mar 88 218.50 219.00 218.50 219.00 Int 1 RSS Apr 88 217.75 218.25 217.75 218.25 Int 2 RSS OP 216.50 218.50N
      238 words
    • Article
      SSR and SMR
      80 6 (cants/kg, l-»on poHets) MARCH 1988 APRIL 1988 (current month) (forward mootti) RAS NOON NOON kytrs Sellers Buyers Sellers SS* 20 210.00 212.00N 210.00 212.00N SS* 50 208-50 210. SON 208.50 210.50N MRELB Ivy er» Sellers Buyers Sellers SM* cv 200.00 282.00N 281.00 283.00N SM* L 279.50 281.
      80 words
    • Article
      KL Tin
      110 6 THE PRICE of tin on the Kuala Lumpur Tin Market continued its upward trend yesterday, rlaing another six cents Irom Tuesday's close to M 517.34 a kg, on increased trading activity. Dealers noted strong overseas covering, particularly from Europe and renewed Japanese Inter- esL with the opening market
      110 words
    • Article
      Precious Metals
      297 6 HONGKONG: The metal closed slightly higher in active trading yesterday on a comparatively weak US dollar. Bullion settled at U*****.80/442.30 an ounce against New York's close of U*****.50/442.00. Local selling pushed the metal down to an early low of U*****.10/50, but it later rebounded on Japanese buying orders.
      297 words
    • Article
      Palm Oil
      471 6 Crud« palm oil futures ended lower in moderate trading on the KLCE yesterday. The market eased further due to lack of fresh demand and the lower Chicago overnight. Pakistan was reported to buy 12,000 tonnes for March shipment but it had little impact on the market because of
      471 words
    • Article
      Soybean
      155 6 SOYBEAN FUTURES on the Chicago Board of Trade fell sharply on Tuesday just after midday on computer fund and nervous local liquidation, but pared losses at the close as buying interest returned. Prices finished off 654 to 3% US cents a bushel. May hit a session low of U556.24
      155 words
    • Article
      Wheat
      133 6 WHEAT FUTURES on the Chicago Board of Trade closed on Tuesday with extended losses as comput-er-fund selling pressured prices. Prices ended off 5% to five US cents a bushel. May settled five cents lower at U553.23%. after slipping to a new session low of U553.22 just after midday. Drexel,
      133 words
    • Article
      Oil and Products
      80 6 NAPHTHA and gasoil firmed on bullish sentiment and good buying interest yesterday. Gasoil in particular was assessed to be in tight supply. Other products stayed stable within their current ranges. USS/borrat Otong* Dwbo) (ApHI) 1443 0*05 Wm Taut wn (April) 16-63 +0.14 Products (FOB S'pore) USS/borral Oiane*
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    • Article
      Produce Prices
      242 6 Chinese Produce Exchange SoWon' noon doting prtcos on Fob 24 (S*/100 kg) Coconut oil Bulk FOB 112.00 Otd drum FOB 122.00 Now drum FOB 126.00 Copra MJxod (Ioom) 63 Pepper Muntok wfclto FOB NIW 1145.00 dorowoR wrtnv FOB faq NIW 1130.00 Sarawak tpodal Mock FOB NIW 852.50 Sarawak
      242 words
    • Article
      London Markets
      299 6 London Commodity Exchange Buyer/Seller doting pncei on Feb 23 (£/tonne unlets specified). Previous dosing prices in poriiHietis. Coffee bosh in-store London, setters option OF London Mar 1260/1265 (1275/1265) High/Low 1275/1265 May 1296/1297 (1309/1310) High/Low 1306/1295 Sates (3822) Cocoa Mor 1013/1015 (1043/1045) High/Low 1042/1011 May 1038/1040 (1066/1067) High/Low 1065/1036
      299 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      444 7 If you're looking for the perfect opportunity to buy, sell or merge, there's someone, somewhere in the world waiting to meet someone like you. And that's where Chase gives you an edge that other banks can't match. Not only because of our expertise in mergers and acquisitions, but also because
      444 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1677 8 SINGAPORE: The US dollar closed weaker yesterday against most major currencies after a day of thin trading. Dealers said the dollar opened slightly lower and then fell further at mid-morning on selling interest prompted by Bank of Japan Governor Satoshi Sumita's remark that the greenback s decline for
      1,677 words
    • Article
      Money markets
      62 8 THE OVERNIGHT rate on the Singapore interbank market rose one point yesterday. The one-month term rate rose by 1/16 point while the two and three months were unchanged. S$ Interbank rates at 12 noon yesterday: om» MO Ow"W 2 3/4 2 1/2 1-nanMi 3 1/16 2 15/16 3
      62 words
    • Article, Illustration
      World interest rates
      191 8 Indicates the average of the prim* landing rata* ot 12 ma(or banks In S'pora r Interbank market rates (offer/bid) on Feb 24 us$ DM SWFC Y»n 7 do< ft 4 3/4 3/t 7/t 3/4 3 i/a 3/t 1 1/2 1/4 4 1/14 3 15/14 1 mitt i
      191 words
    • Article
      Government securities market
      84 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HtGH LOW 3 month* 6 months 1 year BQ*****E BY*****S BY*****T 26.5.88 30.6.88 24.11.88 2.89 3.00 3.00 2.84 2.95 2.95 2.91 2.83 2.99 2.95 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      84 words
    • Article
      Asian dollar market
      302 8 ASIAN DOLLAR deposit rates closed steady yesterday at slightly lower opening levels, with trading generally quiet in the afternoon due to lack of interest. Short-dates and term rates weakened between 1/16 to 14 point at the outset because of lower US federal funds rate and firmer bond
      302 words
    • Article
      Comex gold/silver futures
      162 8 Gold futures on Fob 23 100 troy ouncR USS par troy ounce OM» Wfh Lmt MX F»6 Mar Apr inn A«« Oct Ok Hb *9 Apr Jwn 444-50 444-50 44 5 50 444-70 450.50 450.90 455.30 455.30 440-50 440-50 464.50 465J0 470.50 470-50 475.80 475 80 481.50
      162 words
    • Article
      Simex
      482 8 JUNE Eurodollar futures opened sharply higher at 93.02 yesterday as a result of Fed chairman Alan Greenspan's statement that the Fed adopted an easier monetary policy in the past weeks and further easing was likely if the US economy slips further. Carry-over buying interests lifted prices in the June
      482 words
    • Article
      Lock icon IMM
      224 8 Reuter FOREIGN currency futures settled mostly higher on Tuesday and near the middle of session ranges in light trading. After falling to session lows at mid-afternoon, prices recovered slightly on scattered profit-taking in the final hour. Trading was light and technically oriented. An early rally fizzled as prices hit
      Reuter  -  224 words
    • Article
      Options
      1592 8 CURRENCY FUTURES OPTIONS Wadna«doy, February 24 1908 DEUTSCHE MARK (MflEX) Mar 44 cata Mar M putt 54 55 5* 57 54 59 60 *1 43 63 64 65 66 67 Apr MNfc 132A 49A 12A 44 cafta Lav 220 134 49 13 2 CA4 CA4 CA4 CA4 CA4 CA4
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  • BANKING AND FINANCE
    • Article
      Sime Brokers lines up two insurance plans
      435 9  -  Children, provision shop owners to be covered By ALVIN TAY Banking Correspondent PROVISION SHOP owners in Singapore will now be able to obtain insurance cover for their goods and employees through a special package arranged by Sime Brokers (Singapore) Pte Ltd. This is
      435 words
    • Article
      Lock icon Yokohama Bank to issue four-year bonds
      138 9 Reuter YOKOHAMA BANK Ltd is planning to launch a 30 billion yen, four-year convertible bond issue domestically to help meet bank capital adequacy standards proposed by the Bank for International Settlements (BIS). The issue will be the first yen convertible bond to mature in
      Reuter  -  138 words
    • Article
      India able to meet repayment, says World Bank official
      390 9  -  By HARISH MEHTA INDIA is capable of meeting its external debt repayment schedule even though some economists feel it has risen to "an alarming" US$4l billion. Confidence in India's repayment capabilities was expressed by a senior World Bank operations officer, Mr
      390 words
    • Article, Illustration
      Lock icon Natwest's pretax earnings fall 30pc to £704 million
      619 9 IHT NATIONAL Westminster Bank PLC reported on Tuesday that its pretax profit fell 30 per cent to £704 million in 1987, with debt provisions and investment banking losses eclipsing a surge in domestic retail banking earnings. Britain's largest and most profitable bank
      IHT  -  619 words
    • Article
      Lock icon Little change expected in profits of three major Swiss banks
      374 9 Reuter SWITZERLAND'S three major banks are likely to report 1967 profits close to the previous year's record levels, despite probable heavy losses on their share portfolios in last October's stock crash, analysts said. The three Union Bank of Switzerland (ÜBS),
      Reuter  -  374 words
    • Article
      Lock icon US to give Argentina bridge loan
      99 9 Reuter THE UNITED STATES has agreed to provide Argentina US$55O million in short-term financing, the US Treasury said in Washington on Tuesday. In granting the bridge loan, which will tide Argentina over until International Monetary Fund financing is disbursed, the Treasury lauded the country's
      Reuter  -  99 words
    • Article
      Lock icon Mortgage securities shake-up
      654 9 Reuter AFTER YEARS of domination by two giant Wall Street investment banking firms, the US$7OO billion mortgage-backed securities market is witnessing a significant redistribution of market share, industry sources said. They said that Salomon Inc and First Boston Inc, which about three years ago collectively did about
      Reuter  -  654 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      71 9 FOR SALE Prime Residential Investment nV m STEVENS COURT Stevens Road, District 1025 A rare opportunity to own a luxurious and exclusive 4-storey block of 6 apartments complete with lift, swimming pool, squash court and covered carpark Each apartment is 2.863 sq.ft.. with 4 bedrooms and one utility room. For
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      Page 9 Advertisements Column 2
      99 9 Pleasure before business Thai's Royal Executive Class While you're on your way to a business trip, we're there to prepare you. And we will go to extremes to serve our business travellers better. With our highly-acclaimed Royal Orchid Service, you can expect the kind of attention that's on-hand, yet unobstrusive.
      99 words
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  • PERSPECTIVE
    • Article
      Shifting to the third shift
      522 10 MAN IS BASICALLY a creature of habit and does not welcome the disruption of his routine time-table and body clock. Hence the understandable reluctance and even dismay when workers find out they have to do the "graveyard'' shift, generally defined as from 11 o'clock in
      522 words
    • Article, Illustration
      Lock icon Japan draws closer to its markets
      1198 10 After learning to love Japanese goods, the rest of the world is learning to live with Japanese factories and offices. Propelled by the strength of the yen and fear of protectionism, Japanese companies are investing heavily abroad in a bid to gain a firmer
      The Economist; Source: Ministry of Finance, Japan; Source: Royal Institute of International Affairs  -  1,198 words
    • Article, Illustration
      Lock icon Anti-apartheid Japanese regarded as South Africa's honorary whites
      536 10 The Economist JAPAN HAS emerged as South Africa's biggest trading partner, which is embarrassing for a country that bans direct investment in apartheid. While consumer boycotts and government pressure have driven many American and European companies out of South Africa, and limited
      The Economist; Source: IMF  -  536 words
    • Article, Illustration
      Lock icon Polish farming gets a boost from Rockefeller funds
      882 11  -  By KATHLEEN TELTSCH NYT WITH HELP from David Rockefeller and encouragement from the Polish authorities, a foundation has been set up in Poland to stimulate the lagging agriculture and food industries. It is believed to be the first enterprise of its kind:
      NYT  -  882 words
    • Article
      Lock icon Deficit cuts squeezing US defence budget
      775 11  -  Where should the axe fall? Leonard Silk talks to the specialists on military spendinQ Leonard Silk NYT THE EFFORT to bring down the United States budget deficit, which has swollen the gross national debt from US$l trillion to more than US$2.5 trillion in the
      NYT  -  775 words
    • Article, Illustration
      Lock icon China facing population crisis as family planning policies slip out of control
      917 11  -  By KATHY WILHELM AP CHINA'S controversial family planning policies have failed to meet their goals for the second straight year, and the growing willingness of couples to defy the one-child limit threatens to send the population zooming out
      AP  -  917 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      388 10 ?;])~&:'\:`<!?|$';{]==_="~}/;/( CRYPTIC PUZZLE ACROSS 1 Show how to move a lever (6) 7 A start in music (8) 8 Such reckoning is not quick (4) 10 Son of the king of pop? (6) 11 Unhappy about the beer? (6) 14 A drink to help make one alert? (3) 16 Arrange
      388 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      295 10 33 Place of learning (6) DOWN 1 Small piece of food (6) 2 Straight man (6) 3 Touch down (4) 4 Snubs (7) 5 Saying (5) 6 Objects of worship (5) 8 Unruly youngster (4) 9 Regret (3) 12 Arid (3) 13 Musical study (5) 15 Softened (5) 18 Open-mouthed
      295 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      57 11 mJ Mm A mm—/ A MONTHLY JOURNAL OF BUSINESS TRENDS Making Singapore into a top courier hub Women entrepreneurs on the small biz scene Marinas: Berth of a dream Optics industry: Back into the light A Times Periodicals publication NOW AT NEWSSTANDS A round-up of last year's corporate scene Investment
      57 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1208 11 was© oaaaa B 12 7Ji PM Opening and Programme Highlights followed by Lingo. •.00 The Entrepreneurs —An American Adventure: The Entrepreneurs (Pt 1, See •JO Musical Interlude. •JO Home To Roost Human •JO Daughters Of The Country Places Not Our Own. Starring Okmne Debassige, Tantoo Martin-Cardinal and Dale WMer. 10.30
      1,208 words
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  • SPORTS & LEISURE
    • Article
      Lock icon Games turning out to be a disaster for East Germans
      395 12 AFP THE STORY of the 15th Winter Games the dramatic collapse of the favourites rumbled on in Calgary on Tuesday when the most feared women's speed skating team in the world. East Germany, failed for the second day in a
      AFP  -  395 words
    • Article, Illustration
      Lock icon Nykanen soars into record books with gold
      507 12 AFP FINLAND'S Matti Nykanen, the reformed "bad boy" of skijumping, soared past his competitors and into the Olympic record books in Calgary on Tuesday. The 24-year-old, who once had a reputation for leaping into trouble quicker than he would leap off the ski-jump,
      AFP  -  507 words
    • Article, Illustration
      Lock icon Date set for Cup showdown
      347 13 AP THE SAN DIEGO YACHT CLUB will begin defending the America's Cup against a New Zealand challenger around Sep 5, skipper Dennis Conner said on Tuesday. The series would probably be the best-of-three races because that was what the deed of gift called for if
      AP  -  347 words
    • Article
      Lock icon Porsche to hold back engine
      166 13 Reuter PORSCHE will not be introducing its long-awaited methanealcohol eight-cylinder engine at the Le Mans 24-hour sports car race this year. The West German car manufacturer's racing division chief Peter Falk said on Tuesday that the company would be focusing its development work in 1988
      Reuter  -  166 words
    • Article
      Lock icon American wins first US leg of Tour of the Americas
      174 13 Reuter DAVIS PHINNEY outsprinted fellow American and former Tour de France champion Greg Lemond to win the first US leg of the Tour of the Americas bicycle race on Tuesday. Phinney's winning time on the 22-lap, 160-km Jacksonville, Florida, circuit
      Reuter  -  174 words
    • Article, Illustration
      Espinosa and Smith set pace at Masters Pro-Am
      464 13  -  By WALTON MORAIS MEXICO'S Carlos Espinosa and American Jerry Smith drew first blood in the Rolex Masters QOlf championship by firing the best score in yesterday's ProAm, but it is Taiwan's Hsieh Chin Sheng who is attracting the smart money for the
      464 words
    • Article
      Lock icon Australian aborigine cricket team to tour England
      402 13 Reuter FORMER Australian Rugby Union International Mark Ella is managing an aborigine cricket tour of England this summer aimed at helping top aboriginal players to a place in Australia's test team. Ella heads a side whose seven-week tour starting on May 14 retraces
      Reuter  -  402 words
    • Article
      Lock icon Holyfield to take on Deleon for cruiser title
      134 13 Reuter AMERICAN Evander Holyfield will fight Carlos Deleon ef Puerto Rico for the undisputed cruiserweight championship April 9 in Las Vegas, the promoters announced on Tuesday. But whether boxing's three mam sanctioning bodies £0 along remains to be seen. The promoters, Don
      Reuter  -  134 words
    • Article
      Lock icon E German athletes offer glimpse of what's to come
      465 13 Reuter WITH THE OLYMPIC YEAR still in its infancy, East Germany's track and field athletes have shown what a threat they will be in Seoul by breaking five world indoor records in three weeks. East Germans have traditionally taken indoor competition
      Reuter  -  465 words
    • Article, Illustration
      Lock icon Johnson wins Owens award
      354 13 UPI BEN JOHNSON, the world's fastest man, was almost too slow leaving Toronto on Tuesday to receive the 1988 Jesse Owens International Trophy award. The Canadian, holder of a world-record 9.83 seconds in the 100 m sprint, missed his plane bound for a New York press
      UPI  -  354 words
    • Article
      Calgary leaves rue cold
      583 13  -  Iranklij. Sfieakinq... WALTON MORAIS READING the piles and piles of reports on the Winter Olympics has crystallised my thoughts on why I like boxing. What, you may ask, has boxing got to do with the Winter Olympics? Plenty. None more so than the way Canada's Brian
      583 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      272 12 CQURyoiSIER XO-Where to eat, drink... 17 buffet selections daily, with limitless cups of tea and coffee. Try our nonya kuih. ice-kacang,' tau-suan' curry puffs, mini pizzas, noodles, pies. French pastries, ice-cream and fruits. If these sound good, theres more. Six local favourites. anything from chye tow kueh'pisang goreng and gado
      272 words
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      Page 12 Advertisements Column 2
      154 12 Rou Gu Cha Breakfast at CAFE BOULEVARD 7am—llam daily *1 P/i Sss.oo+ per person FISH VERMICELLI at DON DANG SAYANG Daily Lunch and Dinner k V 1, Tanglin Road Singapore 1024 Tel: *****33 Telex: MINGTEL RS ***** Telefax: *****42 Ss7.oo+ per person A JUNO COURT ntTICI. SPECIAL CHINESE NEW YEAR
      154 words
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      Page 12 Advertisements Column 3
      212 12 FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.00 6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.50 Iner nprsnn P' u
      212 words
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      Page 12 Advertisements Column 4
      274 12 Happy Hours The best of times for yo«. IPs Mrrom 6pm to 9pm there 's live keyboard entertainment, a terrific 25% off all drinks by the glass and a free pint for every quart of hard liquor purchased. After 9pm, get an unbeatable 20% off for every bottle purchased. A
      274 words
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      Page 12 Advertisements Column 5
      145 12 AustrianFest From the land of' 'The Sound of Music'' comes another art form delicious food like Wienerschnitzel, Fiaker goulash, ftiprika Chicken, sausages, salads, apple strudel. Sacher Cake, Emperor's pancakesand much, much more! At $31 for adults and $15 for children, we're sure you'll enjoy the feast as much as /m
      145 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      556 13 and entertain 4 PALM GRILL ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET Another is the choice of main courses. For between $26+ and $40+ you can select from our appetiser buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And
      556 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Market continues to lose ground on profit-taking
      4234 14 THIN AND LISTLESS trading on the Singapore stockmerket led to share prices closing marginally lower as light profit-taking pared gains further yesterday. Dealers reported light selling as the market slipped for the second consecutive day, largely on a technical correction from an overbought
      4,234 words
    • Article
      Chief price changes
      267 14 SINGAPORF Rises md \C— Fab 23 Fab 24 S 1 A 1030 10 BT Compose 7*7.32 7*4J2 hmn SOf S10 10 •T06/0S 205 369 M Row 290 10 ST CADI -6967 -6992 Hong Fok 67 IT 10-doy MA -7141 -7114 Not Iran JM 3 •T06V *****15 *****15
      267 words
    • Article
      Business done on the SES
      3092 14 BID sad offer prices n#rw»ny listed and hustrwsa In and reparted to the Stock Exchange of Singapore yesterday with the number of dam traded shown la brackets in kits of 1,010 units nafcss otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'.
      3,092 words
    • Article
      COMPANY MEETINGS
      186 14 THE AYER MOLEK RUBBER COMPANY Berhad: 73rd AGM at No.22 (Upper floor of No.20), Jalan Hang Jebat, ***** Malacca on Saturday, Feb 27, at 10.30am. FIRST CAPITAL CORPORATION Limited: 12th AGM at Shangri-La Hotel, Summit Room, Orange Grove Road, Singapore 1025 on Saturday, Feb 27, at 10.30am. THE
      186 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon A cash call makes sense
      611 15 mm™ HOCK LOCK SIEW IT MUST BE terribly exciting for United Overseas Bank, and especially for chairman Wee Cho Yaw, to embark finally on a project of much prestige the UOB Plaza. The $400 million price tag is staggering, but easily afforded by the aggressive
      HOCK LOCK SIEW  -  611 words
    • Article
      Lock icon Tan Chong acquires franchise for US trucks
      265 15 NST TAN CHONG Motor Holdings has moved firmly into the heavy equipment market with the acquisition last month of the franchise for the US brand of Terex off-highway trucks and dozers. The Malaysian company's diversification into heavy equipment seems quite timely as other
      NST  -  265 words
    • Article
      Maritime industry expected to stay buoyant in first half
      647 15  -  By CORRINA LIM AFTER SEVERAL bleak years, local maritime companies have staged a strong turnaround on the back of the buoyant shiprepair business. In Sun Hung Kai Securities's latest issue of its research publication, Focus, the broking firm said the maritime
      647 words
    • COMPANY BRIEFS
      • Article
        Lim Kah Ngam raises investment in unit
        76 15 LIM KAH NGAM Ltd has increased its investment in its wholly-owned subsidiary, LKN Construction Pte Ltd, from $1.5 m to $sm. It did this by applying for an additional 3.5 m shares of $1 each payable in cash in the capital of LKN
        76 words
      • Article
        National Iron not aware of bonus issue
        90 15 NATIONAL Iron Steel Mills Ltd has told the Stock Exchange of Singapore that it is not aware of making any bonus issue. This was in response to an SES query relating to a BT report on Feb 13 which said that National Iron's
        90 words
    • Article
      Lock icon TV3 expects higher profit of M$17.5m
      79 15 Bernama ES SISTEM Televisyen Malaysia Bhd, the operator of the TV3 network now seeking a public listing, expects a higher pre-tax profit of M 517.58 million for the year ending Aug 31, 1988. In the last financial year, STMB reported a pre-tax profit of
      Bernama ES  -  79 words
    • Article
      Lock icon Multi-Purpose Holdings and subsidiary may acquire Mulpha HK
      328 15 Bernama ES MULTI-Purpose Holdings Bhd (MPHB) and Multi-Purpose Shipping Corporation Bhd (MPSC) will submit proposals, which if approved, will result in Mulpha (Hongkong) Ltd becoming whol-ly-owned by MPHB and MPSC. In a statement yesterday, MPHB said that it had reached agreement with
      Bernama ES  -  328 words
    • Article
      OUS posts sharp fall in after-tax group profits
      634 15  -  Market crash exacts a price By ALVIN TAY Banking Correspondent OVERSEAS UNION Securities Ltd, the closed-end investment trust company associated with the Overseas Union Bank, has reported a 78.4 per cent fall in after-tax group profits to $574,000. But the after-tax profits
      634 words
    • Article
      Lock icon Scepticism over bid to outlaw insider trading
      303 15 Reuter JAPAN'S Finance Ministry wants to outlaw stock-market insider trading, but the country's securities industry sees little chance of strictly enforcing such a ban. A ministry report released yesterday was put together by a special advisory panel and envisages a law to punish
      Reuter  -  303 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      92 15 INVEST'A-MATI A NEW SERVICE FROM ericsons Vital information for Fundamental and Technical Analysis is now instantly at your disposal with lnvest-A-Matlc Dividend Yields, Market Capitalisation, P E Ratios and much more are available! Charts of SES/KLSE stocks can now be plotted as well as leading world indicators such as Hang
      92 words
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      Page 15 Advertisements Column 2
      494 15 m OVERSEAS UNION SECURITIES LIMITED (Incorporated in the Republic of Singapore) Announcement The Board of Directors of Overseas Union Securities Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1987 The Group The Ccm party Incr/ (Deer) 1967 In the opinion of the Directors, the results
      494 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Matsushita to set up new maintenance plant in US
      181 16 AP MATSUSHITA Electric Industrial Corp, one of the world's largest consumer electronics manufacturers, announced on Tuesday it would set up a new firm in the United States in April for sales and maintenance of factory automation machines, a Japanese news report
      AP  -  181 words
    • Article
      KL prices close mixed in dull trade
      2618 16 THE KUALA LUMPUR stock market closed mixed yesterday in quiet trading. Business volume was thin as most operators remained at the sidelines. Except for a few counters that recorded doubledigit falls, price movement either way was mostly within the 10-cents range. Prices opened
      2,618 words
    • Article
      Stocks close higher
      1382 16 Hongkong PRICES on the Hongkong market closed slightly higher yesterday in sluggish trading in the absence of fresh incentives, brokers said. The Hang Seng Index roee 6.66 points to finish at 2,336 after losing some 13 points initially. The broader baaed Hong Kong Index gained five points
      1,382 words
    • Article
      Seoul
      114 16 Kai ***** -900 PU M ***** -200 +1300 King won Ind Kta Motor ***** ***** 200 300 Koton Ind ***** -500 Oaawoo Corp Daawoo Hmvv DaiaNn Sacuritiaa ***** .***** 900 80 •200 -200 400 -300 Koraa Long Tarm Lucky Lid Orvantal Brawary Oriental Cham ***** ***** ***** ***** -200
      114 words
    • Article
      Lock icon Tokyo
      436 16 Reuter STOCKS on the Tokyo market closed firm in hesvy voluma yesterday bloated by buying of large capitaliaation shares, marking the 10th consecutive riee in the Nikkei Index. brokers said. The Nikkei Average roae 19.20 points, or 0.08 per cent to 24,968.86. It rose 102.74 points on Tuesday. Advancea
      Reuter  -  436 words
    • Article
      Lock icon Sydney
      412 16 Reuter SHARE PRICES on the Australian market closed slightly wsaksr across ths board ysstsrday, ending a nine-day rally. However, brokers said they were not overly perturbed by yesterday's tall, which they said could be reversed today depending on Wall Street's performance overnight "The market was quite featureless today and
      Reuter  -  412 words
    • Article
      Bangkok
      154 16 THE SECURITIES Exchange of Thailand Index rose 8.70 points yesterday to 309.80 on s turnover of 9,723,747 shares valued st Foremost Thailand. 1140 Industrial Finance Corp 230 Inn Coemettc Jaiapratttan Cement 521 Mitwonichronj Metal Boa 163 130 10 +4 -3 960.62 million Renter baht. Saha Union Siam City Cement
      154 words
    • Article
      Taipei
      211 16 FU M irr i 2.66 KoMn 41 JO uncti 0.02 Kuochan Dav Lm Chang Yuan 54 50 49.50 1.5 unch 7V 90 -1.5 56.00 1.5 87 00 Nan Ya Plaa 80 00 1.5 293 00 .4 72.50 -1.5 Ch*ng Loong Chia Ha»n Camant Chin Haln Flour 56 50 62
      211 words
    • Article
      Manila
      73 16 m a« PUM Acot« Mining Oriental 8 WlH OvtrMH PtMlM B 0.0*1 ...0.04 0 30 -0.001 unch •0.01 Apex Mini no B 0.04 ♦0 003 PLOT 146 unch BtplitO QqH) Bmic PMrotouffi Bonguot Con B Fir* PWi HMga Lapanto B M»rcopp»r 0 016 90 8 00 0.52 uocti OOCfl
      73 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      703 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF BSI PROPERTY SERVICES PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of BSI PROPERTY SERVICES PTE LTD duly convened and held at 10 Collyer Quay #21-01
      703 words
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      Page 16 Advertisements Column 2
      713 16 IN THE MATTER OF THE COMPANIES ACT CAP 80 AND In the Matter of NANUEN INTERNATIONAL (S) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 102 Upper Cross Street, #07-02 OO Building. Singapore 0105 on 19 February 1988
      713 words
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      Page 16 Advertisements Column 3
      207 16 Ju f,\ w y .4 III: THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AMERICAN HOSPITAL SUPPLY (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 50 that the FINAL GENERAL MEETING of the Members of the
      207 words
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      Page 16 Advertisements Column 4
      16 16 Advwtimwut WTI CAOTION *U CM HE t OjS s Vf to BANKING FINANCE DAILY. BUSINESS TIMES.
      16 words
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  • WORLD MARKETS
    • Article
      Lock icon Stocks edge slightly lower
      1051 17 New York Reuter WALL STREET closed slightly lower on Tuesday after moving in a narrow trading range all session. Investors are cautious ahead of the economic growth data due out later this week, analysts said. A strong gain in the bond market failed to spark any
      Reuter  -  1,051 words
    • Article
      Lock icon Stocks narrowly mixed
      980 17 London Reuter SHARE PRICES on the London market were narrowly mixed at the official 0900 GMT opening yesterday with dealers reporting a distinct lack of direction in the market. After gaining some 27 points so far this week, the FTSE 100 Index opened 0.9 point up at
      Reuter  -  980 words
    • Article
      Untitled
      978 17 Selected indices HONGKONG Hongkong Index Wednesday 1,529 30 Tuesday 1.524 30 Week ago Closed Hang Seng Index Wednesday 2.336 00 Tuesday 2.329 35 Week ogo Closed All Industrial] Wednesday Tuesday Week ogo NEW YORK Dow Jones Tuesday Monday Week ogo 2.0185 2.026 3 1.9776 2.039 12 2.***** 2.***** TOKYO Nikkei
      978 words
    • Article
      Lock icon West German groups win Indian contract
      147 17 AFP TWO West German chemical groups, Hoechst and BASF, have announced that they won a 70 million deutschmark contract to build a plastic fibre factory in India. The Gujarat State Fertilizers Company Ltd will invest around 400 million Deutschemarks to set up the factory
      AFP  -  147 words
    • Article
      Lock icon Framatome's new bid upheld
      142 17 Reuter THE PARIS stockbrokers association said it accepted an increased bid by nuclear group Framatome for 51 per cent of La Telemecanique Electrique at 4,300 francs per share. Framatome had earlier made a bid of 4,150 francs per share for 43 per cent of the capital,
      Reuter  -  142 words
    • Article, Illustration
      Lock icon Texaco paying US$1.25b to settle complaint
      674 17 Settlement to be paid over next five-and-a-half years NYT TEXACO INC has agreed to pay the energy department US$l.25 billion to settle a complaint that it overcharged customers for crude oil and refined oil products between 1973 and 1981, when federal price controls were
      NYT  -  674 words
    • Article
      Lock icon BP reaches accord with government over Britoil shares
      329 17 UPI MAJOR OIL company British Petroleum said in London on Tuesday that it had reached agreement with the government on its proposals to acquire all the issued ordinary share capital of Britoil, Britain's biggest independent oil company, not already owned by the
      UPI  -  329 words
    • Article
      Lock icon Pearson may seek EC ruling
      300 17 Reuter BRITISH publishing and industrial group Pearson PLC may seek a European Community ruling on French action blocking its proposed takeover of a Paris financial daily, Les Echos, the newspaper's owner said on Tuesday. "If we do take the case to court, it will be
      Reuter  -  300 words
    • Article
      Lock icon Call for truce in tussle for Societe Generale
      361 17 AP ITALIAN FINANCIER Carlo de Benedetti and Belgian Minister of Economy Philippe Maystadt on Tuesday called for a truce in the battle for Societe Generale, Belgium's leading trust, and for a settlement between major shareholders. Mr de Benedetti claimed he owned 43
      AP  -  361 words
    • Article
      Lock icon Black & Decker raises offer for American Standard
      556 17 Black Decker raises offer for American Standard NYT THE PRESSURE on American Standard Inc increased on Tuesday as the Black Decker Corp raised its takeover bid to US$6B a share, or US$2.l billion. That is US$3 a share, or nearly US$lOO million, more than an earlier revised Black Decker offer
      NYT  -  556 words
    • Article
      Lock icon News Corp set to achieve record earnings
      268 17 Reuter RUPERT MURDOCH'S multinational media group News Corporation is well on the way to its seventh annual profit record with a 24-per-cent jump in earnings at the half-way mark. The group reported on Tuesday after-tax profit climbed to A 5227 million (US$l63 million)
      Reuter  -  268 words
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  • Article
    Rise in building material prices hits contractors
    377 18 CONTRACTORS have been badly hurt by the recent rise in building material prices, and some may see their profit margin being eroded completely, says the Singapore Contractors Association Ltd (Seal). The worst hit are those undertaking jobs that do not come with fluctuation
    377 words
  • Article, Illustration
    $55 million facelift for an old lady
    397 18  -  Raffles Hotel to be restored to its colonial splendour By TONG SUIT CHEE IT WILL take $55 million and two years to return Raffles Hotel to its colonial splendour and make it the crown jewel of Singapore's tourist trade. Raffles' owners, Raffles Centre
    397 words
  • Article
    KL floats 30-billion-yen bond issue in Tokyo
    356 18  -  By LEONG WEN WAH MALAYSIA tapped the Japanese capital markets in a big way this week by floating a 30-billion-yen (*****.4 million) bond issue in Tokyo. The offering is the Malaysian government s first borrowing in the Japanese capital markets this year. The
    356 words
  • Article
    Lock icon Tokyo exporters may raise dollar prices
    347 18 Reuter THE BANK of Japan expects exporters to raise dollar prices of their exports by between 5 and 10 per cent in the fiscal year ending March 1989. Bank of Japan economists said the price rises would reflect the sharp rise of the yen,
    Reuter  -  347 words
  • Article
    Lock icon Macau Land Commission to meet next week
    224 18 AFP PORTUGUESE and Chinese officials will meet in Macau next week for the first session of a joint Land Commission set up to handle land concessions in the territory before it reverts to Chinese rule in 1999. An announcement yesterday said the commission,
    AFP  -  224 words
  • Article
    Lock icon Taiwan to allow in foreign workers to alleviate labour shortage
    203 18 AFP TAIWAN'S Council for Labour Affairs said yesterday it would allow foreign labourers to work in the country to help relieve an acute labour shortage in certain industries. The council is working on draft rules to govern employment of foreign
    AFP  -  203 words
  • Article
    Lock icon Thais brief Mahathir on drug trade
    105 18 Reuter MALAYSIAN Prime Minister Dr Mahathir Mohamad discussed Thai measures to eliminate heroin production and trafficking with Thai Prime Minister Prem Tinsulanonda during a meeting in the northern Thai city of Chiangmai yesterday. Police Major Chavalit Yodmani, secretary-gen-eral of the Office of Narcotics Control
    Reuter  -  105 words
  • Article, Illustration
    Murdani arrives for farewell visit
    72 18 GENERAL L B Murdani, the retiring Indonesian Commander-in-Chief, arrived last night for a farewell visit. During General Murdani's stay, he will call on Prime Minister Lee Kuan Yew, First Deputy Prime Minister and Defence Minister Goh Chok Tong, and Chief of General Staff Major-General Winston
    72 words
  • Article
    Lock icon Call to restrict London traffic
    161 18 Reuter LONDON'S traffic could grind to a halt unless urgent measures are taken to restrict cars in the city, an independent research body said yesterday. The London Centre for Transport Planning (LCTP), urging government intervention to reduce congestion in the capital, suggested tough restrictions on
    Reuter  -  161 words
  • Article
    Lock icon Taipei police set dragnet for banker wanted by Hongkong authorities
    332 18 AFP POLICE in Taiwan are ready to launch a sweeping search for a banker wanted in Hongkong in connection with alleged fraud and corruption, an official said Tuesday. Police in Taipei have received a request from Interpol to find Low
    AFP  -  332 words
  • Article
    Lock icon Aquino pays tribute
    77 18 AP PRESIDENT Corazon Aquino of the Philippines yesterday presented outgoing Indonesian Armed Forces Chief Benny Murdani with her country's highest award. Mrs Aquino awarded General Murdani the Philippine Legion of Honour with the degree of corn- mander. She Mid it was "in recognition for exceptionally and distinguished
    AP  -  77 words
  • Article
    Lock icon Comex gold
    75 18 Reuter COMEX gold futures sank early yesterday following sharp losses in London on further selling by producers in a market lacking bulk buyers. A bearish recommendation in London by a large US commission house also hurt sentiment. April gold lost US$B.3O at U*****.00 an ounce before edging back
    Reuter  -  75 words
  • Article
    Lock icon Soviet police break up protests in Moscow
    158 18 Reuter MOSCOW police broke up a demonstration against Kremlin's presence in Afghanistan and the length of military service on the 70th anniversary of the Soviet Army, a spokesman for protesters said yesterday. Mr Nikolai Khramov said police moved against 100 protesters in front
    Reuter  -  158 words
  • Article
    Lock icon Left-wing demonstrators take to the streets of Manila
    425 18 Reuter THOUSANDS of left-wing demonstrators took to the streets in Manila yesterday while the banned Communist Party of the Philippines called for the overthrow of the Aquino government on the eve of its second anniversary. Vice-President Salvador Laurel also publicly criticised President
    Reuter  -  425 words
  • LATE FILE
    • Article
      Lock icon Pretoria launches crackdown
      63 18 AP IN ONE OF its harshest crackdowns aver, the South African government yesterday banned all political activities of the country's largest anti-apartheid organisation, the United Democratic Front, and 16 other groups. also ordered that the ma> black labour federation, th« nilitant Congress of South African Trade Unions,
      AP  -  63 words
    • Article
      Lock icon Protest at Armenian capital
      58 18 AP A FORMER SOVIET political prisoner said 200,000 demonstrators converged yesterday in Armenia's capital city of Yerevan to demand an extraordinary meeting of the Republic Parliament to discuss a recent decision of the Communist Party's central committee denying Armenia's call for annexation of a region now
      AP  -  58 words
    • Article
      Lock icon Pakistan briefed on US-Soviet talks
      49 18 Reuter A SENIOR US envoy, Undersecretary of State Michael Armacost, briefed officials in Islamabad yesterday on this week's US-Soviet talks in Moscow on the Afghan conflict but Pakistan and the Afghan rebels differed with the US on the terms of a peace settlement. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Kabul accused of killing prisoners
      49 18 AFP AFGHAN authorities executed 290 prisoners this month in a campaign of "systematic slaughter'' of anti-regime detainees. the pro-resistance Afghan Islamic Press (AIP) reported yesterday. Most executions took place in Kabul's infamous Pule Charkhi jail where some 5,000 people are held, AIP said. AFP
      AFP  -  49 words
    • Article
      Lock icon Army chiefs reach accord
      66 18 AP THE ARMY chiefs of Thailand and Laos said they had agreed to reach a quick resolution to their conflict over a disputed border area, and the Laotians freed two Thai airmen shot down 11 days ago. Thai Army Chief Gen Chavalit Yongchaiyudh told a news
      AP  -  66 words
    • Article
      Lock icon Australia sends poachers home
      38 18 AFP AUSTRALIA sent 70 Indonesians home yeetorday at the country's expenee after they had been convicted of poaching shells worth A 53.000 (U552,146) a tonne from reefs on Australia'a northwest coast, officials said AFP
      AFP  -  38 words
    • Article
      Lock icon Vatican workers on 'moral' strike
      53 18 Reuter LAY EMPLOYEES of the Vatican. proteeting a move by the Holy See to pay their salaries at the end of each month instead of the beginning, said yesterday they would stage an unprecedented "moral" strike by staying at their jobs but refusing part of
      Reuter  -  53 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      44 18 Office MOW ....\W wmi MI :w 'i 78 4~r m New top quality building Near Tanjong Pagar MRT Station Excellent parking Whole floor of approx. 10,000 s.f. Subdivisions from 1,600 s.f. Jones Lang Wootton Marketing Office: 223 0512 223 0513 Head Office: 532 3888
      44 words
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      Page 18 Advertisements Column 2
      38 18 Tha altvar raport was not available at praaa ttma V\T Sf >1 M v if, a* 38 > v < i M f H r i PATEK PHILIPPE GENEVE <W, 6 Scotts Road 01-16 Scotts Singapore 0922 Tel 737 3708
      38 words
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  • SHIPPING TIMES
    • Article
      Mitsui will launch direct service to US west coast on May 23
      481 19  -  By JUNE LIM INCREASED exports from South-east Asia have prompted Mitsui OSK to launch a direct service from Singapore to the US west coast. Named the Southern Cross Operation, the MOL service will be the second direct call
      481 words
    • Article
      Lock icon SGS generates US$20m revenue for Philippines
      170 19 Reuter SWISS INSPECTION firm Societe Generate de Surveillance SA generated additional government revenue of U5520.32 million in April-December 1987, Philippines Customs Commissioner Salvador Mison said in a report. SGS, which conducts pre-shipment checks of all Philippine imports from Japan, Taiwan and Hongkong valued at
      Reuter  -  170 words
    • Article
      Lock icon Hitachi plans shift to onshore, domestic business
      158 19 Reuter HITACHI Zosen Corp plans to return to profitability in the year ending March 31, 1991, by shifting to onshore and domestic business from shipbuilding and exports, a company spokesman said. The firm hopes to receive construction orders worth 330 billion yen and
      Reuter  -  158 words
    • PORTSIDES
      • Article
        Lock icon US Truck stops Central operations
        76 19 Reuter US TRUCK Lines Inc said it has discontinued the operations of its Central Truck Lines Inc and Cleveland, Columbus and Cincinnati Highway Inc general freight trucking operations. It said the units were hurt by rate discounting and lower wage non-union competition. In 1987, Central
        Reuter  -  76 words
      • Article
        Lock icon Alexandria port reopens after storm
        66 19 Reuter EGYPT'S Mediterranean port of Alexandria reopened after a storm had closed it for several hours, port officials said. Three cargo ships waiting outside the harbour were able to enter and four vessels caught inside sailed. Tankers resumed loading at the oil terminal of the
        Reuter  -  66 words
      • Article
        Passengers sue harbour board
        69 19  -  From Kingsley Wood THIRTY-EIGHT passengers who were aboard the Russian cruisehip Mikhail Lermontov when it went down in Marlborough Sound are suing the harbour board and its harbourmaster, Captain Don Jamison, for A 5132,000. The writ citing negligence claims that when the ship sank on Feb
        69 words
      • Article
        DNV turns in profit of Kr56m
        63 19 DET norske Veritas (DNV) turned in a profit of Krs6 million last year after incurring losses of Kr66 million (US$lO.5 million) in 1986. The improved performance was due to reduced operating costs and a virtual halving in financial expenses since the company started restructuring
        63 words
    • Article
      CONSORTIA
      163 20 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf, Straits ports/Australia. Straits/Japan and the member lines ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Diakarta Lloyd Nedlloyd
      163 words
    • Article
      Lock icon Labour support for Rio Grande's bid to buy Southern Pacific
      110 20 Reuter THE RAILWAY Labour Executives' Association said it has given its conditional support to Rio Grande Industries Inc's offer to purchase the Southern Pacific Transportation Co from Santa Fe Southern Pacific Corp. The association, which represents all rail unions, has
      Reuter  -  110 words
    • Article
      Lock icon Japan's big six shipping lines open to suggestions
      1280 20 While there is no doubt that the big six lines have their own difficulties and ideas for solving them, the Japanese government has shown it Is no longer prepared to see a continuance of loss-making operations in the Pacific. As pointed out
      International Transport Journal  -  1,280 words
    • Article
      INDEX TO ADVERTISERS
      765 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow Lines IX 5 ASCI III
      765 words
    • Article
      Lock icon South Korea retains lead with largest tonnage on shipbuilding order book
      327 20 Reuter SOUTH KOREA held its lead as the country with the largest amount of tonnage on its shipbuilding order book, Lloyds Register of Shipping said. In its latest shipbuilding return, for fourth quarter 1967, Lloyds said South Korea s
      Reuter  -  327 words
    • Article
      Lock icon Fred Olsen and Citicorp form tanker company
      407 21 Lloyd's List A NEW TANKER investment company has been launched by Fred Olsen and Citicorp to cash in on an anticipated shortage ot medium to large-sized tonnage within the next five years. First Olsen Tankers Ltd will concentrate on secondhand tonnage rather than
      Lloyd's List  -  407 words
    • Article, Illustration
      PSA expands reefer points at Tanjong Pagar Terminal
      166 21 THE PORT of Singapore Authority is expanding reefer points at the Tanjong Pagar Terminal from the current 380 to 700 this year. When completed, port users will have faster access to the yards as traffic flow will be improved. Half of the
      166 words
    • Article
      Lock icon Ore carrier stranded In Orinoco river
      62 21 AFP THE FILIPINO ore-carrier Philippines Roxas, which has been stranded in the Orinoco river since Feb 12, was travelling too fast through an exit canal leading to the Atlantic Ocean when it bottomed out. The ship was travelling at 13 knots instead of the
      AFP  -  62 words
    • Article
      PORT CONDITIONS
      231 21 ALL SURVEYS were conducted on Feb 1 Argentina Buenos Aires Normal operation; Bahia Blanca Waiting time of up to two days. Australia All ports Normal operation. Bangladesh Mongla 10 vessels operating; Chittagong 25 vessels operating. Brazil Santos 40 vessels operating. Cameroon Douala Normal operation. Canada Vancouver (British Columbia)
      231 words
    • Article
      Lock icon 34 rig workers rescued as oil platform sinks
      208 21 UPI A BOAT rescued 34 oil rig workers who took to liferafts to escape from a drilling platform sinking in the Gulf of Mexico early Tuesday, authorities said. Coast Guard Lt Don Merwin said one of the legs of the jackup rig,
      UPI  -  208 words
    • Article
      SHIPPING LIST where your ships are due... and when
      8602 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      8,602 words
    • Article
      BUNKER QUALITY MARKET REPORT
      126 26 Tills weekly report to prepared by Veritas Petroleum tonrtcos, Louden. The tafsrmoMow, minimum end maximum levels, Is booed on MmHsd somplos from motor vessels onolyoed In Its lolmrslorlss Here comprshonolvo fuel quality Informatlpn Is pooled to portlclponta in the Veritas fusl quslity testing pro- Area/Port Vtocoalty
      126 words
    • Article
      LONDON FREIGHTS
      1360 27 THE BULK of business was again confined to the timecharter sector of the freight market on Tuesday especially for vessels sailing out of Japan, shipbrokers said Quiet grain chartering included a vessel from the Mississippi carrying 25,000 long tons to Norway at U5519.25 while reports emerged late on
      1,360 words
    • Article
      SHIPS IN PORT
      1338 27 AT CONVENTIONAL WHARVES Vaaaal Sarih Arrival Dapariun KEPPEL WHARVES Alborun. Kit otongMt* 2802,IJOO Bu<Mo> W K22 oiongfda 25 00/04® Owyun K29 o>oog*4» 27 02/23® Cool Bo«oco Kit oionguda 2502/1300 towarn Glory K2B o'ongnda 25®,06® Frontal Boy K27 otongsida 25®/07® Ho" 1 Moiiar K32 otonguda 27 02/0800 InobiAwc
      1,338 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      688 19 It da i*/*rd hi, TIMES lOOtt STP Distributors si* GApo^ ;,u 5,1 V o M m JWMk m Jardines 31 NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORID ROUTING' ORIENTAL FAITH ORIENTAL FRIENOSMIP ORIENTAL FORTUNE NEPTUNE JADE Mi ORIENTAL FORTUNE EUROPE EXPRESS SERVICE NORTH AMERICA CAIIEORNIA PN* WE ST CANADA NEPTUNE
      688 words
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      Page 19 Advertisements Column 2
      81 19 mm SOUTH KOREA held its lead as the country with the largest amount of tonnage on its shipbuilding order book, Lloyds Register of Shipping said. P«g« II A NEW TANKER investment company has been launched by Fred Olsen and Citicorp to cash in on an anticipated shortage of medium to
      81 words
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      Page 19 Advertisements Column 3
      581 19 TIMES •o» **•*•<>*. STP Distributors MAERSK LINE FAST TRANSIT TO PORTUGAL SINGAPORE/LISBON 23 DAYS SINGAPORE/LEIXOES 21 DAYS Th* «w« Armuf Mwrtk Ctoemg Tune CY 2/3 2300 MRS CFS 2/3 1300 MRS To Europe UK— Scandinavia Finland M ROTTERDAM 8804 LAUST M MO4 anoers m mo* AXEL M not M TOKYO
      581 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      565 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON KOWLOON BAY BENAVON OSAKA BAY KITANO MARU LARGS BAY HONG KONG EXPRESS HAMBURG BREMERHAVEN 28/3 »/3 2/4 4/4 #/4 11/4 15/4 17/4 20/4 22/4 25/4 27/4 ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG.
      565 words
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      Page 20 Advertisements Column 2
      17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 20 Advertisements Column 3
      359 20 CHARGEURS RE UNI S S'Ni.APnpf 3^4-1 ra« <*«>« SAN JUAN S.D ESTMO LA tIOJA Optorg Shipping Pte. Ltd tEL M A IITQKi AC MAC For* Pp*^|.n C dsn c. tmm 1 41 E !Nf iS MAP* MAS ABGENTINAS ARGEN t INE NATIONAL NE R Saataa M'vidaa Aim 4 SAN JUAN
      359 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      1083 21 The Straits Steamship Group STRAITS SHIPPING Singapore to Sabeh, Sarawak, Brunei Ports and Bangkok F&O Containers CONTAINERS**? SERVICE TO UK/CONTMENT: rpn f Klof S'ter H'burf I him Plan La Hi mnr.om my iw m am am am am nm scnavom am am am um am urn mm OSAKA MT 17M
      1,083 words
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      Page 21 Advertisements Column 2
      560 21 EUROPE mm USA/PANAMA n an 24M lIJ4 NJ4 MM IU4 KJ4 17J4 liJ4 MM ZU4 24M 21M 22M MM MM I7M MM MM MM lIM lIM IMF IHII •A HI I7JI m m zui h an mjr m m zijc IUI lUI 24.11 2UI »J1 Mil 17* MM MM MJZ
      560 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      440 22 HSINOSEi MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for 29/2 BANDAR ABBAS (2nd call) 21/3 BANDAR ABBAS IRAN SHOJAAT IRAN EHSAN KYOWA LINE Singapore Loading for: 15/3 JAYA, LAE. HRA, TLG, LTK, MALAU SPORE PK LOAD FOR 10/3 12/3 SAIPAN, GUAM, TRUK, PONAPE, EBE,
      440 words
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      Page 22 Advertisements Column 2
      530 22 u=«JC.&L.INE ORIENTAL CHIEF MW NEPTUNE DIAMOND 74W KOREAN JACEWON 62W NEPTUNE CRYSTAL 44W CHINA CONTAINER 44N HONCKONC CONTAINER KOREAN JACEJIN 43W 17/3 11/3 24/3 25/3 27/3 m 31/3 1/4 7# 1/4 14/4 15/4 I*3 a/3 22/3 21/3 21/3 29/3 21/3 31/3 2/4 4/4 5/4 9/4 U/4 U/4 It/4 11/4 11/4
      530 words
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      Page 22 Advertisements Column 3
      345 22 FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITACONC: SAILING 6/3 10/3 FOR: PORTO. LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U-S.A. PORT MORESBY, RABUAL, LAE KIETA, MADANG ft KIMBE NOUMEA 31/3 SUVA/LAUTOKA 31/3 NEW ZEALAND AUCKLANO, WELLINGTON LYTTELTON,
      345 words
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      Page 22 Advertisements Column 4
      1004 22 r UartiiiMiMlMMMMMiaMMi EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GLOBE 3/3 m W lljl l« Kg m EVER GENTLE 111) W W W EVE* GENTRY 17/3 2V3 210 2*3 3*3 31/} 2 EVER GUIDE WWW 1(1 *1 EVER COLOEN 31/3 M *4 UM 1M MH EVER GUARD It U/l I*l lVt
      1,004 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      851 23 PACIFIC INTERNATIONAL LINES \W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL HOT A EAGLE KOTA SMOA QOWA MAJAPAHIT CT7 JUT MT 07*8 an 10/3 IS/3 OSNB OMIT OMIT 20/3 OMIT OMIT 2S/3 2SSS 17/3 1M 22/3 24N8 SLO SLD SLD SLO OMIT
      851 words
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      Page 23 Advertisements Column 2
      445 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT mm nuvtN rtMMNAmsTM U klahc rraatlro* Franktwn U*raa SmM SmM aa w u K. TV 10 MM. MO SmM 7/1 NKC. MO HO 120 NKt MO u/i w. n. NC. TK IV3 U/3 H*t MO MO MM.
      445 words
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      Page 23 Advertisements Column 3
      561 23 DJASAGETRI A Joint Europe Service Of: P.T. DJJUMBTA LLOYD P.T. 6ESUM LLOYD P.T. SAMUDEM INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PORE BILBAO ANTWERP H BURG/ R DAM/AD AM BREMEN GANDA BHAKTI/20WB 12-14/3 15/4 lt/4 21/4 S. PANJANG/IfWB 23-2S/3 25/4 2S/4 KUTAI/14WB 21-30/3 5/5
      561 words
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      Page 23 Advertisements Column 4
      434 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) Loading for Rangoon 22/BF* PK#Unf PWUng Ban < a/w Fab am rtb Z W" 13/15 Mir JBANK LINE EXPRESS SEMI-CONTAINFff SPORE ROAM HULL HMBG FORTHBANK V2IN TAMAITAI SAMOA VI2N IVYBANK V3N CORALBANK VIS Sport 21/2 COLUMBUS NIUQNI VIS Sport 20/3 CORALBANK
      434 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1401 24 K LIFIE SHIPPMIG-DflTfi flTLfiriTIC COAST (Round-The-World Service) •PK/PNG SPORE LB CMLS NFK NYC NEPTUNE GARNET Vl3 Sid 2S Feb 1) Mar 29 Mar 31 Mar 2 Apr ORIENTAL FREEDOM VIS 28 Feb 3 Mar 2S Mar 5 Apr 7 Apr 9 Apr ORIENTAL FAITH V 7 5 Mar 10 Mar
      1,401 words
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      Page 24 Advertisements Column 2
      650 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL CooUtnf S O NAGALANO VMM THEOOOR FONTANE V UN INOtAN COURIER V 2SN 10. TRIPURA V.S4H RAVIOAS VJM THEOOOR FONTANE V 17* INDIAN COURIER VJM Apr HM/Ca4/Ck*/Madras INDIA/JAPAN/INDIA SERVICE tpting FCL Container* and CenvenHeoel Cargo Atoo accopta Matala ft Staal Product* lywt P K«ton(
      650 words
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      Page 24 Advertisements Column 3
      621 24 GOLDEN LINE GUAN GUAN SHPTMG (PTC) LID a, TM Amr strwt si pica poke 0104 tel nam (i» lines) f». gam 11/19 Mir CHINA SERVICE A VESSEL Sh*nfhti/Hvnli*n| CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA QtNC HC 47* HI UMH( 4M 1/1 SNA HC m I/] MALATSIA/
      621 words
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      Page 24 Advertisements Column 4
      480 24 P B rrfwn V l.'fTlfV'iPif H. KONG XOBE WEIUNG PHILI OMCNT LIN€S PT€ LTD HEAD Off C£ 63 ROBESON ROAD .07 AfRO ASIA BuaOlNG SINGAPORE OtCS TELE* RS ?S7?O PHILt fA» *****7* COL OMW. MUCH BOMBAY EAST AFRICA. MEDITERRANEAN MOMBAIA. DARESSALAM KIM. TAMATAVE. REUNION. TANGA -wjnn USA SERVICE S GOLUBKINA
      480 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      642 25 NEPTUNE ORIENT LINES LTD J.Bohru NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TPA/SEA Terminal CFS BOOKINGS 27t5753 *****42 *****22 *****53 27*111 *****16 *****11 *****41 NEPLINE SON BHD. 368M87 INWARD/OUTWARD NEPLINE SON. BHD. *****33 ENQUIRIES *****44 NEPLINE SON. BHD *****5/*****0******/*****2 NEPLINE SON. BHD. 2M040/*****1 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member oI
      642 words
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      Page 25 Advertisements Column 2
      439 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON Vmml'i Name ETD BS BKK S PORE PKELANC BUSAN MO JI •Gloria/WN 10TO 22JV2 26 26*2 27-27/02 10-IMB 13/03 No 7 Donjm/M2N 21/02 04-06/03 06-07/03 17-2003 2203 No Donam/KBN 2002 0203 K-OMU 09 10,<03 20-2203 2403
      439 words
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      Page 25 Advertisements Column 3
      726 25 m siNsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. RELANC PENANC M/S HANDLING SYSTEM CO SON BHD MESSRS HAI THONG SHIPPING 127 Pto>n« Strwt.
      726 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      454 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 Lines' fAX *****39 *****76 TELEX RS ***** A B SSCWA AS ***** A B SSCAO r VE.B DE UTF R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE *VU COLOMBO: Acceptmg carpi lor INDIA Bombay. Cochin. Madras Calcutta "VIA LARK AC A:
      454 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      159 26 T# Regional Weather m K m 5, SS r 4 m si LLlw SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AJ*. THIS MORNMG «C yA Wind (Vection w«th speed n knots UGfNO D TimprcM« A\ Thunderstorm Weather Wod tVectmo with speed *1 knots 7 Shower O Ro»i Wove herght Cloudy
      159 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      269 27 5> CRYSTAL r3 FREIGHT SERVICES PTE uTD Tel: *****88 Tlx ***** Fa*. *****88 INLAND POINTS) 8/3, 15/3 USA COLOMBO 1/3, 10/3 OTHER CONSOL PORTS KEE/KAO 28/2, 6/3 BUBAN 3/3, 10/3 TOK/YOK 29/2, 7/3 BANGKOK 28/2, 5/3 Wg* UNI-OCEAN LINES PTE. LTD. 60 Cecil St #02-01. KPB Building S'pore 0104 Tel:
      269 words
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      Page 27 Advertisements Column 2
      59 27 \\cspV CSP SHIPPING AGENCIES PTE. LTD Tel *****66 (16 Lines) Fax *****15 FIXE FCL/LCL TO: CHINA, HONG K P.KELANG, KEELUNG, MANILA, BUSAN, TOKI KOBE, OSAKA, JAKARTA, L MALAYSIA ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to othef destinations. ACCEPTING FCL/LCL AND CONVENTIONAL: TBN MV Tobona West Voy 303
      59 words
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      Page 27 Advertisements Column 3
      541 27 TRANS TRADING AGECY PTE. LTD. [Q] IRAQI LINE IMO S' 4* t Sf «0* ■t IT I BW SIN MAO m ALFARABI EAST BOUND SERVICE ETA SPORE LOADING FOR Wi Japan WEST BOUNO SERVICE ETA PORE LOADING FOR V) MM. Apfea, V* jattafc. A«aba THROUGH Mi to BAGHDAD UPON REQUEST
      541 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      340 28 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Linos) TLX RS ***** RS ***** t I \M Ik\ \U lIM K I II) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS "Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN ft CHINESE PORTS, SUBJECT INDUCEMENT
      340 words
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      Page 28 Advertisements Column 2
      603 28 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE For: vs. fry i*h»w Ch»cm«i vst Halifax, Montreal komigan an up atiandc conccrt Toronto. New York JUTLANWA 7/3 24/3 STUTTGART EXPRESS Baltimore n. ocirr va m/j n/3 nuernrerc atl Portsmouth i*O*TOI", Mvinnin Alio Mrvinc GULF Miami. Mile. New Orleans, Houston/Mexico Vera Cna,
      603 words
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      Page 28 Advertisements Column 3
      258 28 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK Agent: NMON*ASU SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** JUNO SHIPPING 222?T5?ifSS PTE LTD K ***** L U FAX *****14 TIMBER/BREAKBULK SERVICE "AWCOOH SPORE BKK HKC KEE QINGOAO SILVER HAWK In Pt 4/3 LATANGAN 2*2 11/3 11/3 KEN
      258 words
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      Page 28 Advertisements Column 4
      609 28 CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 '07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER nin-yfl.ii I.,'iin,;.y T .Ma-'.liVi.'! T.M TTT MM I QJ3 I BUTANC 40 I BUTANC <25 OTHER DESTINATIONS: AARHUS.
      609 words