The Business Times, 25 March 1988

Microfilm: NL16110
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, MARCH 25, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    262 1 Reuter Dow falls broadly WALL STREET stocks declined broadly yesterday morning as the dollar slumped in foreign exchange and US interest rates headed higher. The Dow Jones Average of 30 industrials fell 25.20 to 2,042.44 at 1530 GMT in the first hour of trading. Losers outnumbered gainers
    Reuter  -  262 words
  • Article, Illustration
    Share prices ease on bouts of profit-taking
    185 1 THE SINGAPORE stock market closed easier yesterday following the consolidation which began earlier this week. Share prices finished lower on bouts of profit-taking. Activity was focused on lower liners. The ST Industrial Index came off 3.05 points to close at 958.45 and the
    185 words
  • Article
    Won/US$: highest level since Jan 8,1983
    146 1 THE SOUTH KOREAN central bank yesterday set the country's currency at 749.90 won for every US dollar, its highest level since Jan 8, 1983. The move brings the won's total appreciation against the US dollar since the beginning of this year to 5.6 per
    146 words
  • Article
    Lock icon China's Parliament moving in direction of glasnost
    390 1 AFP CHINA'S Parliament meets in Beijing today in what the government has planned as an exercise in glasnost, taking the country one modest step on the road to democracy, Western analysts said yesterday. Some of the 3,000 delegates to the National People's Congress
    AFP  -  390 words
  • Article, Illustration
    Retailers can hire foreigners now
    553 1  -  Foreign sales assistants must have at least five '0' levels By WILLIAM CHIA LABOUR-STARVED retailers can now hire foreigners under a lit-tle-publicised policy briefly mentioned by Labour Minister Lee Yock Suan in Parliament last week. Department stores can now go ahead and hire foreigners as
    553 words
  • Article, Illustration
    'Stockbroking sector now more resilient'
    640 1  -  mmim] 1 By JOHN LIM THE STOCKBROKING industry earned $117 million last year, compared with a loss of $15 million in 1986 And it is now wellplaced to withstand unforeseen external shocks, said Finance Minister Dr Richard Hu yesterday. The great improvement in the stockbroking
    640 words
  • Article
    Lock icon Li Xiannian foreshadows retirement
    122 1 AFP CHINESE President Li Xiannian has foreshadowed his expected retirement by taking on another largely honorific post, analysts said in Beijing yesterday. Mr Li. 83. presided at a meeting of the Chinese People's Political Consultative Conference (CPPCC) presidium on Wednesday, the official New China News Agency
    AFP  -  122 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      191 1 BUCHERER Swiss Made V ofSwitztrftob 6 Scans Road. «01-16 Scons Shopping Centre Singapore 092? M *****04 *****43 Full report, Pag* 14 Regional marfcata, Paga 16 World marfcats, Paga 17 For the best in Sichuan and Seafood Dishes Fried Lobster with Dried Red Chilli X£tt«C Dragon City Sichuan Restaurant Discover some
      191 words
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      Page 1 Advertisements Column 2
      328 1 ~*,&+|:|<("^*=;-&|>{!_\][$+**$% The world's the limit IT'S AN $8 billion business worldwide. With some $60 million worth of parcels and packages coming in and out of Changi Airport annually, Singapore has just a small bite of the courier service business. But there are plans to propel the courier service industry right
      328 words
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      Page 1 Advertisements Column 3
      88 1 EP4IOZ QUADRUPLE ZOOMING POWER K MINOLTA Power-enlarging to 4 times original size. Singapore Etienne Atgner Shops operated by M B Melwani Pte Ltd *01 -02/04 Delfi Orchard Tel *****00 *02-16 Shaw Centre Tel *****41 001-20 Scotts Shopping Centre Tel *****42 Boutique Corners Daimaru (Ground Floor) Liang Court New Isetan Orchard
      88 words
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  • HOME NEWS
    • Article, Illustration
      Packaging industry dented by acute shortage of raw materials
      647 2  -  By LILIAN ANG THE ACUTE SHORTAGE of raw materials and the sharp increase in prices are taking their toll on manufacturers in the packaging industry. At least two small companies in the industry have shut down completely. Another small operation folded
      647 words
    • Article
      End-product makers cash in on shortage
      666 2 AS PRICES of raw materials for the plastics industry spiral upwards, local "traders'* in the black market are doing a booming business. The "traders" are mainly manufacturers of end-products in the plastics industry, who have cut back on production, preferring the more lucrative business
      666 words
    • Article
      Dorma invests $2m to make glass door fittings
      441 2  -  By TONG SUIT CHEE DOORS ARE OPENING wider for a German manufacturer in Singapore. Dorma Door Controls is to invent a further $2 million in its Jurong factory to make a new product, glass door fittings, from July. This will bring its
      441 words
    • Article
      Productivity programme for 12 people
      60 2 TWELVE PEOPLE from four Asean countries will take part in an eight-day productivity programme in Singapore next week. Starting on Monday, the programme by the National Productivity Board (NPB) will give participants a chance to share their experience and knowledge on the productivity movement. Besides
      60 words
    • Article, Illustration
      Software experts to gather here for international forum
      437 2  -  By JEFFREY TSANG SINGAPORE IS TO be the venue of one of the most prestigious software conferences next month when it plays host to the 10th International Conference on Software Engineering. That it is able to stage this forum indicates that Singapore
      437 words
    • Article
      Building design should allow for modifications later
      194 2 BUILDINGS HAVE to be designed flexibly so that they can be upgraded with changes in technology. To elaborate on that, two Japanese experts spent the past two weeks conducting a workshop on intelligent buildings. The workshop, which was held at the Construction Industry
      194 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      144 2 Ye& from April 1. 1988. Aeroflot introduces "BUSINESS CLASS' on all its three services from Singapore Moscow Europe and weekly Delhi Tashkent. Passengers in the Business Class will get top class services which include: 4 Choice of meals specified at reservation. Genuine Russian wines and cuisine 2 Special souvenirs 3
      144 words
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      Page 2 Advertisements Column 2
      121 2 C asual Club goes to Shanghai ■tfie el wb disco Friendly. Familiar. Fun. We're back to the good old days, reminiscing Shanghai Nite with all its fun and mem -making, dancing to favourite numbers in the midst of rickshaws and cheongsams. It's a whole new experience at the Casual Club.
      121 words
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  • FOCUS
    • Article
      Divestment exercise brought in $1.1bn
      419 3  -  IJBStfStajMf aa P*****G333?. MINISTRY OF FINANCE Reports by JOHN LIM, LOH HUI YIN THE GOVERNMENT has raised a massive $1,126 billion since its divestment exercise began in 1985. Capital gains accruing to the holding companies amounted to $885 million, said Finance Minister Dr Richard Hu
      419 words
    • Article
      Rates of public assistance up, more being done to foster community spirit
      520 3 MINISTRY OF COMMUNITY DEVELOPMENT PEOPLE ON THE DOLE will get about 33 per cent more from next month, disclosed the Minister for Community Development, Mr Wong Kan Seng, yesterday. The new rates of public assistance, from April 1,
      520 words
    • PARLIAMENT BRIEFS
      • Article
        Farming out work
        117 3 MORE WORK could be farmed out by the government to the private sector if proper specifications are spelt out in the contract terms, said Finance Minister Or Richard Hu. The value of work contracted out, which came to 4 per cent of the government s operating expenditure
        117 words
      • Article
        Psychiatric services
        47 3 THE CHILD Psychiatric Clinic attended to 1,605 patients last year, a rise from 1,478 patients in 1986 and 1,327 cases in 1985. Mr Veo Cheow Tong, the Acting Health Minister, disclosed plans to extend child psychiatric services to some polyclinics over the next three years.
        47 words
      • Article
        Shipyard accidents
        89 3 THERE WERE seven fatal accidents in shipyards last year, down from nine cases in 1983. The five-year period also saw a reduction in the number of permanent disability cases, from 16 to eight last year. At construction sites, the number of fatal accidents also fell, from 65 cases
        89 words
      • Article
        Equal medical benefits
        85 3 THE Government will complete a review by this year-end on whether its female civil servants should get medical benefits equal to those received by their male counterparts, said Dr Hu. Now, medical benefits are extended to the immediate family of a female officer only in exceptional circumstances
        85 words
      • Article, Illustration
        New life for old schools
        88 3 THE OLD St Joseph s Institution will be turned into an art gallery and the old Tao Nan School into a children's museum in four years' time, said Community Development Minister Mr Wong Kan Seng yesterday. Two study teams, one to visit France and West
        88 words
      • Article
        Job for private sector?
        144 3 THE PRIVATE SECTOR could possibly have a hand in redeveloping a parcel of land in the Delta housing estate, disclosed Dr Lee Boon Yang, the Minister of State in the National Development Ministry. That parcel of land will be for development related to a new housing
        144 words
      • Article
        Government buildings
        115 3 THE GOVERNMENT does not de- velop its own buildings as a first choice. Finance Minister Dr Richard Hu said it would first look at existing government buildings and, if nothing was available, then it would look at existing buildings in the private sector. Justifying new government buildings, Dr
        115 words
      • Article
        NS deferment
        49 3 LAST YEAR. 14,186 students who were due for enlistment for full-time national service were deferred. Of these. 124 were on overseas studies, said Briga-dier-General (Res) Lee Hsien Loong. The Second Defence Minister (Services) said there was no change in the policy of deferment for students studying overseas.
        49 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      227 3 So powerful,so sophisticated... so affordable CIS MEDUSA Premier Computer Aided Design/Drafting Solution Until now, you had to pay 100,000 or more for a professional Computer Aided Design/Drafting system, or settle for a do-it-yourself PC-based solution. Here is how CIS MEDUSA changes the situation. It offers the functionality and performance of
      227 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Tokyo construction pie may not be that juicy
      504 4 Reuter US CONSTRUCTION firms may get less than they bargained for if they win formal rights of access to Japan's highly competitive and overcrowded construction market, industry analysts in Tokyo say. US and Japanese negotiators began in Washington on Tuesday the latest
      Reuter  -  504 words
    • Article
      Lock icon High marks for Japanese system
      100 4 AFP THE WEST GERMAN ARD and ZDF television networks prefer the Japanese high definition system to its European rival, according to excerpts from an internal company report published in Cologne on Wednesday. A rival system offered by the Dutch company Philips and the French firm
      AFP  -  100 words
    • Article
      Lock icon Private colleges in Japan raise tuition fees
      119 4 AFP JAPANESE private college freshmen will have to pay an average 999,671 yen (U557,935) for their first year in 1988, up 2.9 per cent from a year earlier. An education ministry report published in Tokyo yesterday said the average tuition fee for the
      AFP  -  119 words
    • Article
      Lock icon US enters agreement with Egypt on closer arms development cooperation
      268 4 Reuter THE UNITED STATES and Egypt have signed an arms development memorandum which puts the Arab nation on the same weapons cooperation level with Washington as Israel and Nato allies, US officials say. The memorandum of understanding allowing Egypt's defence
      Reuter  -  268 words
    • Article
      Lock icon Aussie leading index eased in January
      197 4 Reuter THE LEADING index of Australian economic activity eased in January, signalling a possible slowing of growth in 1988. although not a recession, Westpac Banking Corps chief economist Bob Graham said in Melbourne yesterday. The Westpac and Melbourne Institute of Applied Economic and Social
      Reuter  -  197 words
    • Article
      Lock icon Call to close USIA offices in all Arab and Muslim nations
      179 4 UPI AN AMERICAN-ARAB organisation has called for the closing of the offices of the US Information Agency (USIA) in all Arab and Muslim capitals in retaliation against the shutting down of the Palestine Liberation Organisation (PLO) mission in New
      UPI  -  179 words
    • Article
      Lock icon KL official explains rules for expatriate posts
      262 4 Bernama ES MALAYSIA allows companies with foreign paid-up capital of US$2 million and which invest between Oct 1, 1986 and Dec 31. 1990 to have five key expatriate posts automatically, an investment seminar has been told. Mr Ismail Hamzah, Principal Immigration Oeputy Director,
      Bernama ES  -  262 words
    • Article
      Lock icon Foreign investment approved
      139 4 Bernama THE MALAYSIAN Industrial Development Authority has approved 228 applications from foreign investors with a total proposed equity of Ms7so million last year. Local investors had 105 applications with a combined proposed equity of $779 million approved during the same period. Deputy Finance Minister Senator Farid Ariffin
      Bernama  -  139 words
    • Article
      Lock icon Australians searching for entrepreneurs
      375 4 UPI AUSTRALIA is looking for a few good entrepreneurs. The vast nation is rich in natural resources, recreational activities and opportunities but has run low on people who can set a business idea into motion. "It's not so much that there is a dearth of them.
      UPI  -  375 words
    • Article, Illustration
      Lock icon Where chandeliers are made by dusty roads
      582 4 Reuter NATTUR BHATTI squats beside a busy New Delhi highway, oblivious to trucks barrelling along as he completes a work of art a huge chandelier. A satisfied smile breaks over his wrinkled face as he threads a wire through the last piece of
      Reuter  -  582 words
    • Article
      Lock icon Ipoh upgraded to city status
      64 4 Bernama THE PERAK State Assembly on Wednesday passed an enactment upgrading Ipoh to city sta- tus after more than 30 minutes of heated debate between government members and the opposition. Speaker Datuk Haji Abdul. Malik Ahmad called for a vote and the Bill was passed
      Bernama  -  64 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1002 4 ARRIVALS Operator Sorvic* Local From numbtr tim* THAI TG481 0025 IKK FT FT7I 0115 JFK/IOS/ORD/ ANC/NRT/MNL/ TPE SiA son 0115 LAX/NRT UA UA805 0120 SFO/HKG JAL JL615 0305 TYO MAS MH601 0730 KUL SiA S0911 0800 LHR/DXB MAS MH681 0820 KUL SIA SQ43 0820 DHA KAL KE697
      1,002 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      107 4 "If they all walked in and out here for many years, officer, why aren't there signs of wear and tear?" "Loboflor." h You won t catch Loboflor showing it's age.With 80 million fibres in each square metre, Loboflor so outlasts conventional carpet that it's guaranteed for ten years. Now Loboflor
      107 words
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      Page 4 Advertisements Column 2
      59 4 I II A/ \j\ I The business person's choice. every I I II I I II II I Tuesdoy. Thursday. Saturday and Sunday. I M VI I Ml Leaving Changi Airport at 22:05 1 J\ I iM S V yj_ hours and arriving Heathrow early ♦he foliowira Nomina Call your
      59 words
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  • REST OF THE WORLD
    • Article
      Lock icon Honda to pay US$6m to blacks, women in discrimination suit
      281 5 AP HONDA of America Manufacturing tnc wjII pay US$6 million to 370 blacks and women in a settlement of a US government discrimination investigation, the parties announced in Washington on Wednesday. Clarence Thomas, chairman of the Equal Employment Opportunity Commission,
      AP  -  281 words
    • Article
      Lock icon Sharp rebound in American corporate profits
      127 5 AP AFTER-TAX corporate profits in the US shot up 8.4 per cent in 1987, a sharp rebound from the previous year when profits declined. The Commerce Department said in Washington on Wednesday that after-tax profits of US corporations rose to U*****.4 billion last year,
      AP  -  127 words
    • Article
      Lock icon Reagan, Gorbachev to meet in Moscow
      329 5 AP PRESIDENT Ronald Reagan of the US and Soviet leader Mikhail Gorbachev have agreed to meet in Moscow this spring, but whether they will be able to agree on a weapons pact to be signed at the summit is in doubt. "I wouldn't want
      AP  -  329 words
    • Article
      Lock icon Just waiting for the right weather
      143 5 Reuter THE DAEDALUS project, an effort to retrace a legendary hu-man-powered flight over Greek waters for a new distance record, is awaiting ideal weather conditions for take-off, officials said in Concord, Massachusetts, on Wednesday. One of five experienced cyclists four Americans and a Greek
      Reuter  -  143 words
    • Article
      Lock icon Sharp fall in growth rates of Soviet bloc countries
      398 5 IHT GROWTH RATES in the Soviet bloc countries fell sharply last year, braked partly by uncertainty over economic reform plans. United Nations economists said on Wednesday. The Soviet Union's growth rate dropped to 2.3 per cent in 1987 from 4.1 per
      IHT  -  398 words
    • Article, Illustration
      Lock icon Soviet reforms more difficult than expected
      305 5 AFP ECONOMIC REFORMS in the Soviet Union have proved more difficult than expected. Soviet leader Mikhail Gorbachev told a farmers' congress in Moscow on Wednesday. "There have proved to be more difficulties than expected Too many problems have been allowed to pile up and
      AFP  -  305 words
    • Article, Illustration
      Lock icon South Korean ex-president Chun calls on Ronald Reagan
      148 5 AP FORMER South Korean president Chun Doo-Hwan paid a 30minute courtesy call on President Ronald Reagan in Washington on Wednesday. Mr Reagan told Mr Chun, who stepped down earlier this year, that he too was going to retire early next year after
      AP  -  148 words
    • Article
      Lock icon US House approves US$1 trillion budget
      406 5 More funds for Aids research and drug war AP THE US HOUSE of Representatives has approved a US$l.l trillion government budget that would tighten miliary spending but raise funding for Aids research, the space programme and the war on drugs The fiscal 1989 plan,
      AP  -  406 words
    • Article
      Lock icon American inflation growth rate shows a slowdown
      307 5 Reuter THE US inflation rate has slowed this year and the economy ended 1987 stronger than previously estimated. The Labour Department in Washington said on Wednesday the consumer price index, the most widely used measure of inflation, rose only 0.2 per cent in
      Reuter  -  307 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      204 5 The legend in Jakarta takes you to the heart of business matters m T\l \V OXRI O* Ifv T L 1 MANDARIN ORI E N T A L JAKARTA Mandarin Oriental Jakarta is well placed to be the ideal hotel for busy executives. It is the only grand luxe hotel
      204 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      184 5 -V/// Max/ Note Min (°C) 31/21 Cloody 10/07 Cloudy 18/08 Cloudy 23/17 Cloudy 35/27 Sunny 30/24 Clear 06/00 Snow 20/11 Sunny 15/07 Cloudy 05/01 Cloudy 19/15 Cloudy 11 /06 Roin 27/17 Showers 13/02 Cloudy 28/20 Roin 22/11 Cloudy 08/-4 Cloudy 24/09 Fine 27/19 Cloudy 18/-2 Rain 03/-2 Clear 33/24 Cloudy
      184 words
    • Miscellaneous
      Page 5 Miscellaneous Column 2
      66 5 YOU MNTEP KIM. I JUST TOSEEME. mfTEDTOTELL MR IOHfT- YOU HOW PROUP MAN? ALL OF US ARE Ax BOUT YOUR BEING A NATIONAL MERIT HR XHOM!\\\ I*s m V! I r a i )T YES, SIR. BUT I'M NOT SURE EVERYONE IN THE COMMUNITY SEES IT QUITE THAT MAY. SHE'S
      66 words
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  • MONEY AND EXCHANGES
    • Article
      Simex
      483 6 JUNE Eurodollar opened 4 ticks lower yesterday on Simex than the previous close at 92.66 on overnight losses due to the rally in oil prices on reports that an Opec pricing meeting would be held in early April. After the initial high opening, prices continued to slip lower to
      483 words
    • Article
      Lock icon IMM
      289 6 Reuter IMM currency futures closed up slightly on Wednesday but below the day's highs after a relatively active session. Technical buying drove futures higher after June Canadian dollars broke above chart resistance at 0.8000 and 0.8010 and June yen futures rose above resistance at 0.*****0. The Canadian currency and
      Reuter  -  289 words
    • Article
      Comex gold/silver futures
      182 6 Gold futures on March 23 100 troy ounces; US$ pet troy ounce Op«n High Low Sottla Mar 449 40 449.40 449.40 451.10 -2.60 Apr 450.20 454.00 449.00 452.00 -2.40 May 454.00 *2.40 Jvn 455.00 458.50 453.50 456.40 2.40 Aug 458.50 462.80 458.10 460.90 *2.50 Oct 464.40 467.00
      182 words
    • Article
      Asian $ market
      203 6 Asian market ASIAN DOLLAR deposit rates closed steady yesterday at opening levels US$ OFFER BID 7 doy» 6 7/8 6 3/4 1 morrtfi 6 7/8 6 3/4 2 months 6 15/16 6 13/16 3 months 6 15/16 6 13/16 6 months 7 3/16 7 1/16 9 months 7 5/16 7
      203 words
    • Article
      Lock icon Forex markets
      1755 6 Reuter Reuter SINGAPORE: The US dollar closed easier yesterday against most major currencies in moderate trading as sentiment remained bearish, dealers said. They said the US unit met selling pressure during the afternoon, and light Bank of Japan intervention through Tokyo brokers at 126 60 yen failed to
      Reuter  -  1,755 words
    • Article, Illustration
      World interest rates
      195 6 Indicates the average of the prime lending rates of 12 major banks in Singapore r Interbank market rates (offer/bid) on March 24 us$ DM SWFC Yen 7 day* 6 3/4 5/8 8 3/4 5/8 3 7/14 5/16 1 3/8—1 /8 5 3/4 5/8 1 m* 6 13/16
      195 words
    • Article
      Money markets
      65 6 THE OVERNIGHT rate on the Singapore interbank market rose by 1/4 point to end at 314 per cent yesterday One and two-month remained while three months rose 1/16 point. S$ Interbank rates at 1 2 noon yesterday: OfFen BlD 0*tr mght 3 1/4 1 8 1 3 18
      65 words
    • Article
      World interest rates
      84 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****V 23.6.88 2.98 2.93 2.94 2.94 6 months BY87I01H 22.9.88 3.04 2.99 3.01 3.01 1 year BY*****Z 23.3.89 3.13 3.08 3.11 3.08 Government notes and bonds Period issue Maturity Coupon Yesterday's closing
      84 words
    • Article
      Options
      1499 6 CURRENCY FUTURES OPTIONS Thuridoy, March 24, 1988 DEUTSCHEMARK (SIMEX) Apr M calls Apr M put* High Low SM High Low SM 54 CAB 55 cab 56 CAS (7 58 59 60 61 62 63 64 65 66 67 68 1768 88B 29 29 175 87 29 7 3 Cab
      1,499 words
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  • BANKING AND FINANCE
    • Article, Illustration
      UK economist expects modest world growth
      502 7  -  By PATRICIA M SCHERSCHEL Financial Editor THE WORLD ECONOMY is more resilient than just about everybody thought right after the global stock market crash on Oct 19. A British economist, David Kern, reckons the odds now favour a modestly paced expansion that could easily
      502 words
    • Article
      Lock icon Lloyd's members to fight US suit
      159 7 Reuter LLOYD s of London has said its member companies and associates will fight a major US suit filed against them in San Francisco on Tuesday Eight US states allege some Lloyd s firms along with four big US insurance companies manipulated the insurance
      Reuter  -  159 words
    • Article
      Lock icon China taps savings with high yield bonds
      479 7 Reuter CHINA IS OFFERING high interest bonds to lure cash, traditionally stashed in mattresses, to help fund ambitious development projects. Western bankers have said the new moves should draw more funds but rising inflation might still cool investor interest. China has said it
      Reuter  -  479 words
    • Article
      Lock icon Hongkong interbank rates up
      102 7 Reuter SPECULATION THAT the HongKong Association of Banks may raise interest rates this week has depressed share prices but pushed up interbank rates, financial market sources have said. Foreign exchange dealers noted on Wednesday that speculation that local banks might raise prime rates by half to
      Reuter  -  102 words
    • Article
      Lock icon National Australia signs accord
      65 7 Reuter NATIONAL AUSTRALIA Bank Ltd has signed a correspondent banking agreement with the People's Construction Bank of China. Executives of the two banks signed an agreement in Melbourne on Wednesday, the PCBC's first such link with a foreign bank, the NAB said in a statement. PCBC's
      Reuter  -  65 words
    • Article
      Lock icon Banks in HK vie for role in China nuclear plant loan
      600 7 Reuter INTERNATIONAL banks in Hongkong are jockeying for a role in the forthcoming US$2OO-million Bank of China loan, the first in a series of borrowings for the Daya Bay nuclear power plant 45km from Hongkong. Bankers told Reuters this
      Reuter  -  600 words
    • Article
      Lock icon National Bank of Panama fails in plan to relieve US pressure on Noriega
      238 7 UPI THE NATIONAL Bank of Panama has failed in its scheme to use a New York bank account to obtain about US$2O million to relieve some of the American and domestic pressure on General Manuel Antonio Noriega
      UPI  -  238 words
    • Article
      Lock icon BankAmerica shares stage mild rally
      80 7 UPI BANKAMERICA CORPs stock staged a mild rally on Wednesday on speculation that the San Francisco-based banking company was negotiating a buyout with a Japanese company. At the close of trading in New York, Bank America stock was up 75 cents to $11.25 a share.
      UPI  -  80 words
    • Article
      Lock icon Mexico developing new Latin debt plan
      148 7 Reuter MEXICO HOPES to pioneer a new solution to Latin America's debt problems by encouraging countries in the region to write down part of each other s debts. Finance Minister Gustavo Petricioli has said He said on Wednesday that a plan announced in Caracas
      Reuter  -  148 words
    • Article
      Lock icon Chase not acting as clearing bank for Panama
      192 7 Reuter CHASE MANHATTAN Bank NA, a unit of Chase Manhattan Corp. has not agreed to act as a clearing bank for the Panamanian banking system once it reopens, a spokesman for the bank has said. The spokesman was responding on Wednesday to
      Reuter  -  192 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      238 7 DELHI, EUROPE, UK BEYOND. ON AIR INDIA. j Come, fly the Maharajah to Europe. UK and On business or home leave, you'll feel at home the USA. En route, you can stop over at Delhi with the Maharajah's unique in flight service for a magnificient holiday Take in the time
      238 words
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  • COMMODITIES
    • Article
      Lock icon Oil traders predict Opec price war
      613 8 Prices plunge after King Fahd's statement Reuter RISING OPEC oil production and cut-throat discounting could push crude oil prices down by US$3 in the next few weeks, said oil industry sources. Prices plunged on Monday after a statement by Saudi Arabia's King Fahd, which
      Reuter  -  613 words
    • Article, Illustration
      Lock icon Opec's monitoring committee to meet in April
      266 8 AP OPEC president Rilwanu Lukman announced on Wednesday evening that the Organisation of Petroleum Exporting Countries' five-member market monitoring committee will meet in the first week of April to review turbulence in world markets. Mr Lukman said: "The April meeting will review the
      AP  -  266 words
    • Article
      Lock icon EC commission seeks farm price freeze
      211 8 AP THE EUROPEAN Community's Executive Commission on Wednesday proposed to freeze prices for EC farmers in the 1988-1989 marketing year that begins on April 1. EC Agriculture Commissioner Frans Andriessen acknowledged that a "nominal price freeze" would, in effect, result in lower incomes for
      AP  -  211 words
    • Article
      Lock icon KL's CPO output rises marginally
      60 8 Bernama ES MALAYSIA'S crude palm oil production in February rose marginally to 273,595 tonnes from 265,323 tonnes a month earlier, the statistics department said in Kuala Lumpur on Tuesday. The increase is unusual as February's output normally falls. The department said better weather conditions were
      Bernama ES  -  60 words
    • Article, Illustration
      Lock icon Chinese tin exports to Malaysia and Singapore soared last year
      238 8 Reuter CHINESE exports of tin-in-con-centrates to Malaysia and Singapore soared last year despite a pledge by Beijing to limit sales as part of a scheme by exporters to control world tin supplies and reduce stocks Malaysian imports in 1987 rose
      Reuter  -  238 words
    • Article
      Lock icon Bonn takes steps to ratify Inra
      251 8 Bernama ES WEST Germany has taken steps to get the International Natural Rubber Agreement (Inra) ratified, according to a statement received from IN Press of Germany. The statement said the German Minister of Economics, Martin Bangemann, had forwarded the International Natural Rubber Agreement to
      Bernama ES  -  251 words
    • Article
      Lock icon ICO begins planning for renegotiation of agreement
      147 8 Reuter THE International Coffee Organisation (ICO) began initial planning for renegotiation of the International Coffee Agreement at an ICO board meeting in London, delegates said on Wednesday. The current agreement expires on Sep 30, 1989. Delegates discussed the renegotiation procedure, which includes setting
      Reuter  -  147 words
    • Article
      Lock icon Rubber
      255 8 Reuter SINGAPORE The rubber market closed quietly steady yesterday with April 1 RSS buyers quoted at 221.75 cents/kilo, unchanged from Wednesday's close, dealers said. The Inro Buffer Stock Manager's offer of SMR 20 at 241 Malaysian cents/kilo for April delivery, ex-ware-house basis, in the local market again failed to
      Reuter  -  255 words
    • Article
      RAS and MRELB
      230 8 R AS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 222.50 223.50N 222.50 223.50N Int 1 RSS Apr 88 221.75 222.25N 221.75 222.25 Int 1 RSS May 88 223.50 224.00 223.50 224.00 lot 2 RSS OP 219.00 221.00N
      230 words
    • Article
      SSR and SMR
      81 8 (cwti/hg) APRIL 1988 MAY 1988 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 SSR 50 221.00 219.50 223.00N 221.SON 221.00 219 50 223.00N 221 SON MRELB Buyers Sellers Buyers Sellers SMR CV SMR I SMR 5 SMR GP SMR 10 SMR 20
      81 words
    • Article
      Lock icon KL Tin
      180 8 Reuter THE Kuala Lumpur Tin Market remained inactive and closed unchanged yesterday from Wednesday's M 517.40 a kg level, dealers said. Turnover totalled 46 tonnes against 33 on Wednesday after both sides agreed to close deals at the opening price of M 517.40. Sterling's rise against the ringgit
      Reuter  -  180 words
    • Article
      Lock icon Palm Oil
      427 8 Bernama es Reuter Crude palm oil futures closed lower in moderately active trading yesterday on the Kuala Lumpur Commodity Exchange. Dealers attributed this to heavy profit taking. Prices shot up in the morning on reports that Indonesia had banned its exports of CPO. Correction over the report towards
      Bernama es; Reuter  -  427 words
    • Article
      Produce Prices
      243 8 Chinese Produce Exchange Sellers' noon closing prices on March 24 (SJ/100 kg) Coconut oil Bulk FOB 103.00 Old drum FOB 117.00 New drum FOB 113.00 Copra Mixed (loose) 59 sellers Pepper Muntok white FOB NIW 1110.00 Sorawok white FOB faq NIW 1095.00 Sarawak special black FOB NIW 802.50
      243 words
    • Article
      Oil and Products
      84 8 CRUDE prices jumped sharply higher on expectations of Opec action to stabilise prices. Closing prices for crude (FOB origin) USS/barr*l Chang* Topn (Mori 15.90 unch Minot (Mori 15.47 und» Duboi (May) 13.80 0.60 W#*t T«>as WTI (May)*' 16.83 N#w York dm* pffviovi doy. Products (FOB S'pore) USS'borrol
      84 words
    • Article
      Lock icon Wheat
      104 8 Reuter WHEAT FUTURES turned mixed on Wednesday on the Chicago Board of Trade at the close after holding on to gains for most of the day with prices off 1/4 cent to up one cent a bushel. May settled 1/4 cent lower at US$3 07-1/4 Traders said late selling
      Reuter  -  104 words
    • Article
      Lock icon Soybean
      112 8 Reuter SOYBEAN FUTURES closed with pared losses of 3-1/4 to five cents a bushel on Wednesday on the Chicago Board of Trade. May settled 3-1/4 cents lower at US$6 39-3/4. Traders said renewed local and professional house buying of new crop November and some nearby months helped cut losses
      Reuter  -  112 words
    • Article
      Lock icon Precious Metals
      284 8 Reuter HONGKONG: Gold opened slightly higher in fairly active trading yesterday on continued buying interest following its gains in New York, dealers said. The metal opened at U*****.40/90 an ounce against New York's 451.10/60 close and the 450.00/50 finish here Wednesday. On the local market gold rose HK$l9
      Reuter  -  284 words
    • Article
      London markets
      325 8 London Commodity Exchange Buyer/Seller doting prices on March 23 (£'tonne unlets specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Mar 10*2/1095 (1093/1095) High/Low 1094/1088 May 1123/1126 (1126/1127) High/Low 1125/1115 Sales (2170) Cocoa Mar 913/917 (901/905) High/Low 916/906 May 936/937 (922/923) High/Low 938/924
      325 words
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  • TECHNOLOGY
    • Article
      Lock icon Faded but still a star
      927 9 k JT WORDSTAR IS PROBABLY the oldest surviving word processing software for personal computers still in the market. First versions of the software appeared shortly after the Apple II PC a decade ago. Then, the software was written to use the Apple's primitive 8bit microprocessor,
      JT  -  927 words
    • Article
      Lock icon Scientists get down to superconductor specifications
      293 9 UPI SCIENTISTS BELIEVE for the first time they can predict the structure of new substances that will act as superconductors materials that conduct electricity perfectly at record high temperatures. Scientists from the Carnegie Institution of Washington's Geophysical Laboratory said they had a case of
      UPI  -  293 words
    • Article, Illustration
      Technology on wheels
      148 9 AFRICAR IS THE NAME of this four-wheeler and while it is the closest thing ever to an all-wood vehicle, that is not its most outstanding feature. For this is a pristine example of applying high-technology to produce a cheap, sturdy and easily-built vehicle. Its maker, UK-based Africar
      148 words
    • TECH-TAKES
      • Article
        Lock icon A Sony first
        60 9 Reuter SONY CORP will unveil the world's first portable player for compact disc singles later today, a company spokesman has said. Eight cm CD singles, which appeared on the market late last year, can play up to 20 minutes of music. Conventional CDs are 12cm in diameter
        Reuter  -  60 words
      • Article
        Lock icon Sanyo special
        179 9 UPI SANYO ELECTRIC will put on the domestic market a mini-sized rechargable cassette tape recorder that can record up to 11 hours and replay 13 hours with a fully-charged dry battery. The major Japanese consumer electric and electronic company, based in Osaka, said the new product, MR-02, can
        UPI  -  179 words
      • Article
        Lock icon Women and weight
        103 9 UPI LOSING WEIGHT can alter the mind as well as the body, research suggests, and women may be especially susceptible to mental changes while dieting. Dr Guy Goodwin, of Littlemore Hospital in Oxford. England, came to this conclusion after he tested the brain chemicals of 12 men
        UPI  -  103 words
    • Article
      Lock icon Magnetic disks: will the chips be down?
      402 9 NYT COMPUTER memory technology is advancing so rapidly that some engineers believe that in the next decade silicon chips will begin to replace magnetic disks as the main way of storing information in computers Such a development would mean a vast change in
      NYT  -  402 words
    • Article
      Compaq going ahead with expansion
      468 9  -  By SAID ABDULLAH ALTHOUGH SINGAPORE'S expected loss of GSP benefits from next year will mean US$2 million less in annual profits for Compaq Asia, the personal computer manufacturer is going ahead with its expansion plans. Compaq Asia, a whollyowned subsidiary of Houstonbased Compaq Computer Corporation,
      468 words
    • Article
      Lock icon Fujitsu sets its mind on neural computers
      601 9 Reuter NEURAL COMPUTERS machines that think and learn like brains could be the next area where Japan borrows from, betters and beats the West in the race to commercialise high technology. Japan's biggest maker of mainframe computers. Fujitsu, started just a year ago
      Reuter  -  601 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      78 9 Keep a date with Sevvv Ballesteros m i ifix&S the Sevvy Way BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course, the
      78 words
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  • PERSPECTIVE
    • Article
      Some thoughts for the SMA
      492 10 THE NEW executive director of the Singapore Manufacturers' Association has announced a three-point plan for the organisation. In essence, Or Toh Peng Kiat wants the 50-year-old association to find its voice as the representative of Singapore's manufacturing sector. Specifically, Dr Toh wants the SMA to
      492 words
    • Article, Illustration
      Singapore set to deliver top-notch courier service
      1891 10  -  It's already a $60 million a year business for Singapore. With the right push, Singapore's courier sen/ice industry could become a business worth $300 million a year or more. LIM SOON NEO looks at what is being done to propel Singapore into the
      1,891 words
    • Article
      The computer to feature prominently in pioneer's future plans
      508 10 SINGAPORE is expected to fulfil a crucial role in the development of DHL Worldwide Express's international business into the 21st century, according to Mr Patrick Lupo, chief executive officer of the company "The strategic location of Singapore in the world transportation
      508 words
    • Article, Illustration
      Lock icon Anti-American sentiment simmering in Taiwan over trade pressure
      693 11 Reuter CHANTING "Yankees go home' and "Down with US imperial--1 ism", demonstrators in Taiwan are once again venting their anger against Washington. Anti-American sentiment is simmering on the island, with protests recalling street scenes nine years ago when Washington abruptly dumped one
      Reuter  -  693 words
    • Article
      Taiwanese investment wave sweeps Manila
      921 11  -  Last year, Taiwan overtook the United States and Japan to become the leading foreign investor in the Philippines. AL O LABITA Jr, in a report for BT from Manila, examines the reasons for Taiwan's new-found investment interest in the country. AL O LABITA Jr SLOWLY
      921 words
    • Article, Illustration
      Controversy over India's arms deals rages on
      1061 11  -  By HARISH MEHTA recently in New Delhi ARMS IMPORTS from Sweden and West Germany are at the heart of a controversy in India over the payments of multimillion dollars in illegal commissions. Prime Minister Rajiv Gandhi himself has remained unscathed by two of
      1,061 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      666 10 CRYPTIC PUZZLE ACROSS 4 The kind of oil ma sees upset (6) 7 Like your servant who signed the letter (8) 8 A word pointedly applied to arms (6) 10 Does such paint mostly show no profit? (5) 13 Begin buying booze in Birmingham (4) 14 It needs a plucky
      666 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      50 10 BriBtc^f!an3cDicto£ The 0/or-Jir>i Brotners (9>oaffo<dir\o to the have or» the. arthiheot" resporisible. for -the desiqn Of the Myles (?udqe extension 7 —^czwrrj) Ge»TL£.meN YOU RIGHT ...i HpiV£. OnPvDE. p GRRVC eRROF ls££i C EVENING STANDARD CO. LTD. I*2- 1»»l I Sim FLY CAN'T UND£RSTP\ND IT toHP>Teveß U)RS i thin/KING OF
      50 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1293 11 WJ QSE) aaao® PM Opening and Programme Highlights followed by Italian Football. War Chronicles The Battle Of The Bulge (See highlights). No Place Like Home. The Nature World Inside Stories. Applause Jazzvisions: Implosions. Tonight's concert features Frank Morgan, Roger Kellaway, Stanley Clarke, Eric Gale and Ernie Watts. News On 12
      1,293 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Ginn tonic for juniors
      425 12  -  By WALTON MORAIS COMMERCIAL UNION Assurance's desire to see Singapore golf stamp its mark on the Asia Golf Circuit has resulted in 12 junior golfers being given the chance to have special lessons under former Malaysian Open champion Stewart Ginn of Australia. The 12, who were
      425 words
    • Article
      Lock icon PGA commissioner speaks on the split tour concept
      376 12 UPI A COMPLETE STUDY of a potential split tour' will be completed by autumn, says PGA commissioner Deane Beman. But he would not speculate on whether such a plan would eventually be adopted Neither would he be drawn into a discussion about
      UPI  -  376 words
    • Article, Illustration
      Lock icon Cauthen, Eddery resume rivalry
      341 13 Reuter TOP JOCKEYS Steve Cauthen and Pat Eddery renewed their rivalry yesterday with controversy lurking in the wings The start of the British flat racing season at Doncaster sees the introduction of a new rule banning excessive use of the whip Like most riders, both Cauthen,
      Reuter  -  341 words
    • Article, Illustration
      Hashim to lead Davis Cup team
      400 13  -  By WALTON MORAIS AFTER FOUR YEARS in Davis Cup wilderness, Hashim Sidek, playing the best tennis ot his career, has been selected to spearhead Singapore s Davis Cup challenge against Syria next month. The 25-year-old. who has been in Singapore's Davis Cup squad three
      400 words
    • Article
      Lock icon Magnificent performance by Valova, Vasiliev
      178 13 Reuter A FALL contributed to the dethroning of Ekatrina Gordeeva and Sergei Grinkov as World Pairs champions on Wednesday and the title passed back to their often-overshadowed Soviet compatriots, Elena Valova and Oleg Vasiliev. Gordeeva. 16, fell on a throw triple salchow an error which
      Reuter  -  178 words
    • Article, Illustration
      Lock icon Connors overpowers Jarryd
      472 13 UPI SECOND-SEEDED Jimmy Connors. who has yet to lose a set in the Lipton International Players Championships, routed Anders Jarryd on Wednesday night to move into the semi-fi-nals of the US$2.l million tournament in Florida. Connors. 35. beat Jarryd, the seventh seed from Sweden. 7-5, 6-3, 6-1,
      UPI  -  472 words
    • Article
      The man who brought cricket to the UAE
      694 13  -  From SHIRISH NADKARNI in Bombay IF A REGULAR annual tournament in Sharjah has today become a part of the international cricketing calendar, the entire credit for placing the tiny United Arab Emirates on the cricketing map of the world must go to
      694 words
    • Article
      Lock icon Newspaper claims Italy 'fixed' athletics results
      115 13 Reuter AN OFFICIAL INQUIRY has found that Italian officials arranged the long jump result at last year's World Athletics Championships in Rome to ensure a bronze medal for Italy. Gazzetta Dello Sport, a leading sports newspaper in Rome, said yesterday that the National Olympic
      Reuter  -  115 words
    • Article
      Learning to temper the body's energy
      512 13  -  ho Honor fit NHMI f**jj with Mike Cashmore with Mike Cashmore QIGONG has been associated with many feats of superhuman strength and supernatural ability. involving leaping great distances. balancing on one finger on a pile of matchboxes, transporting oneself through time to name but
      512 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      134 12 COURYOISIERXO-Where to eat, drink... 'ponetyKpoUcy a band with a faraway name but who's right at home with the crowd at Treetops Bar... 8 pm onwards. ft Roya.A^MasS^Singapo™ The best looking High Tea in town... Savour High Tea from 3 pm every Saturday with a generous buffet of local favourites like
      134 words
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      Page 12 Advertisements Column 2
      232 12 fashion show. kijfkecuen/r Fashion show! fashion show 1 Hot grills and salads? (Please BARBEQUE 'N' FASHION SHOW, a double pleasure, by the POOLSIDE, food served 7pm 10pm showtime 8.15pm. every Friday. Select from: varieties of salad varieties of dressing varieties of vegetables varieties of meat varieties of seafood varieties of
      232 words
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      Page 12 Advertisements Column 3
      144 12 □IDE dvMih TRAP A Comedy-Thnller Wwn PSGfNOOSWGWOfif March 28th, 29th, 30th, 31st i OfUca Hyatt H»(«ney llnaapera Lskky 10.00 am 7.00 p«n A FKAST OF FAMILIAR FAVOI RITFS! lliii Help yourself to more than 15 jl j delicious dishes, including tasty SJ seafood and braised meats. lip-smacking sauces and traditional
      144 words
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      Page 12 Advertisements Column 4
      228 12 SUNDAY FAMILY LUNCH 4 r* 1 :> «L fx Bnng the family for a fabulous meal of fresh seafood and Chinese dishes from our a la carte menu. At a generous 25% off the bill. But only on Sundays between 11.30 am and 2.30pm. And for a limited penod. Plaza
      228 words
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      Page 12 Advertisements Column 5
      194 12 Mandarin Singapore presents Neil Simon's BAREEWT IN THE B\RK The smash comedy that took Broadway and West End by storm! Neil Simon at his best™" Washington Post. makes you want to take off your shoes and dance barefoot down the street™" New York Daily News. Venue: Mandarin Ballroom 23 24
      194 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      490 13 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE C:H()K:K OK MAIN CURSES w For between $26+ and $40+ you can select from our appetiser UKII.L buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And
      490 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Stock prices ease in fairly quiet trading
      5135 14 THE LOCAL BOURSE closed easier yesterday, following consolidation which started earlier in the week Trading was relatively quiet, dominated by Malaysian speculative stocks and cheaper Singapore-based issues Most institutions remained on the sidelines in the absence of positive leads from overseas markets. Brokers
      5,135 words
    • Article
      Business done on the SES
      4011 14 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified All Time Settlement Contracts art quoted after the word "SETT
      4,011 words
    • Article
      Unit trusts
      298 14 Managers' prices for March 25 Jopo" G< fj«d Jliento* Ttwtfc fund 1 55 081 1 60 081 UOB Manaaement Singapore Unit Trust 084% 0 85* 0»i 101 U-'txvxJ 0995 102 I So* "JS *HJ I S PO'0 P'Og f j«<J 081 C 36 08?" 0«2 MARA-Bumiputra I S
      298 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Metalock and UOL tap market optimism
      601 15 wm mm™ By HOCK LOCK SIEW OPTIMISM is rising. First Metalock. then United Overseas Land One is floating its shares on Sesdaq. while the other is calling a rights issue with transferable subscription rights. Metalock's public offer is expected to raise $4 55 million
      By HOCK LOCK SIEW  -  601 words
    • Article
      Lock icon Azman buys into Temerloh
      450 15 Reuter PROMINENT BANKER Datuk Azman Hashim has been identified as the buyer of the block of 7.43 million shares (or a 48.28 per cent interest) in Temerloh Rubber Estate. Arishah, a company controlled by Datuk Azman, bought the shares at Msl.Bo a piece or a total
      Reuter  -  450 words
    • Article
      Lock icon Inch Kenneth Kajang profits dip
      149 15 MBT INCH Kenneth Kajang Rubber says profit on ordinary activities will again be satisfactory in the current year. Chairman Charles William Tresise, in his latest annual statement, says estimate for the current year based on better crops and higher average prices indicate that estate profit
      MBT  -  149 words
    • Article
      Lock icon Price rise boosts BAT profits
      253 15 MBT BRITISH-AMERICAN Tobacco Company (Singapore) will have to contend with the ongoing anti-smoking campaign and the possibility of further tax burdens being placed on its products in the current year. Disclosing this in his latest annual statement, chairman Alexander George Stuart says the competitive pressure
      MBT  -  253 words
    • Article
      Lock icon High & Low earnings up 29pc
      242 15 High Low earnings up 29pc MBT IN LINE WITH THE recovery of commodity prices. Highlands Lowlands has recorded a 29.1 per cent increase in group pre-tax profit to Ms3B 8 million last year Turnover was up 25.2 per cent to Msl27 3 million. The improved earnings were due largely to
      MBT  -  242 words
    • Article
      SBS registers 51 pc profit jump
      173 15 j IN SPITE OF a slight drop in operating income, fi- nance company Singapura Building Society Ltd (SBS) has posted a 51 per cent jump in pre-tax profit for the six months ended Dec 31. 1987. A statement from the fiI nance company which
      173 words
    • Article, Illustration
      The man behind Metalock
      617 15  -  The public offer of shares in Metalock, the eighth company to be listed on Sesdaq, closes on March 30. CORRINA LIM gives the background to the company and its chairman and MD CORRINA LIM AT THE TENDER AGE of six. when most children are still learning
      617 words
    • Article
      Lock icon Shareholders approve Kulim deal
      212 15 Bernama ES SHAREHOLDERS have approved Kulim (M) s proposed acquisition of a 60 per cent stake in Selai for M 512.17 million from the Johor State Economic Development Corporation. The company informed the Kuala Lumpur Stock Exchange the deal was approved by an extraordinary general meeting
      Bernama ES  -  212 words
    • Article
      One-man show grows to a company of 130 people
      349 15 METALOCK (S) LTD. the eighth company to be listed on Sesdaq, was set up in 1959 when its parent company decided to start operations in Singapore to specialise in repairs of marine equipment. These included the use of the Metalocking process
      349 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      105 15 ASPAC VENTURE MANAGEMENT invites companies seeking additional capital for their trade operations in the region to discuss your needs with us. We act for our principals who are established corporations seeking opportunities for diversification and equity interest in ventures that have good potential growth. We also represent a network of
      105 words
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      Page 15 Advertisements Column 2
      409 15 SINGATROtiICS LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) The Board of Directors wish to announce the following: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1987 COMPANY GROUP 1987 1986 1987 1986 SS 000 SSOOO ssooo ssooo 3 Operating Profit (2(d) (i) above) as a percentage of Turnover (1(a) above)
      409 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Suitor Brierley says CalMat worth more
      411 16 Offer of US$4O a share for US cement maker Reuter NEW ZEALAND investment company Brierley Investments Ltd (BIL) says that it is obeying its first principle of buying undervalued assets in its largest ever bid, for US cement maker CalMat Co. BIL deputy chairman
      Reuter  -  411 words
    • Article
      Lock icon Mitsubishi to expand unit in Scotland
      127 16 AFP MITSUBISHI will expand its production of video recorders in Scotland, the company announced in London on Wednesday. "Our Scottish workers have proved to be among the best anywhere in the world, including Japan, and that has enabled us to transfer our manufacturing operations
      AFP  -  127 words
    • Article
      Lock icon Major victory for Hyundai in Canadian dumping ruling
      281 16 NYT A CANADIAN GOVERNMENT tribunal handed a major victory on Wednesday to Hyundai Motor of South Korea, ruling that the Canadian subsidiaries of Ford Motor and General Motors Corp had suffered no injury from Hyundai s policy of selling its cars in
      NYT  -  281 words
    • Article
      Profit-taking trims early gains on KLSE
      3658 16 KUALA LUMPUR stock market closed slightly lower in listless trading yesterday- as shares prices gave in "tb profit-taking in the afternoon. Attention continued to be centred on lower liners. -Reflecting the easier mood, the News Straits Times Industrial Ordinary Share Index declined 11.97 poiats
      3,658 words
    • Article
      Stocks close lower
      1534 16 Hongkong PRICES on the Hongkong market ended lower in slow trading yesterday, depressed by short-term selling and institutional investors remaining on the sidelines. The Hang Seng Index closed 15.51 points lower at 2,546.40, while the broader-based Hong Kong Index shed 10.42 points to 1,668.72. Turnover was at
      1,534 words
    • Article
      Seoul
      132 16 MAR 24 WON Cheil Sugar ***** •100 Daelim Ind ***** -300 Daewoo Corp ***** unch Daewoo Heavy ***** unch Daishm Securities ***** unch Dong Ah Phar '6300 •200 Dong Suh Slock ***** 300 Dongbu Steel ***** -100 Gold Star ***** -450 Hanil Bank ***** 150 Hanil Cement ***** unch
      132 words
    • Article
      Lock icon Tokyo
      528 16 Reuter SHARE PRICES on the Tokyo market closed down yesterday due to the faltering dollar coupled with caution ahead of both the end of the fiscal year on March 31 and the end of trading for March settlement on Friday, brokers said. "Institutional investors are stepping back." said deputy
      Reuter  -  528 words
    • Article
      Lock icon Sydney
      477 16 Reuter THE AUSTRALIAN share market closed sharply higher yesterday, with gains in all sectors, as increased foreign interest boosted local investor confidence. Recent favourable broker reports on News Corp focused attention on the rest of the Australian market. brokers said. "Major commodity price rises have also influenced investment." one
      Reuter  -  477 words
    • Article
      Lock icon Bangkok
      162 16 Reuter THE SECURITIES Exchange of Thailand Index rose 5.64 points to 405.06 yesterday on a turnover of 8,053,097 sharesworth 891.97 million baht. MAR 24 BAH1 r Ao Kham Thai 210 i +20 Ayudhya Investment Bangkok Agro-lnd 158 1 Bangkok Bank 335 unch Bank Of Ayudhya 358 Charoong Thai Wire
      Reuter  -  162 words
    • Article
      Taipei
      302 16 MAR 24 MT All Sincere Indus 3 18 -0 07 Asia Cement 74 00 05 Camay Cons 82 50 -2 5 Chang Hwa Bank 324 00 -1 15 Cheng Loong 60 50 Chia Hsm Cement 58 50 05 Chin Hsm Floor 21 10 05 China Chem 34 00 03
      302 words
    • Article
      Manila
      100 16 MAR 24 PESOS Aco|e Mining Anglo Phil 0 013 -0 001 Apei Mining B 0032 uncti Atlas Con B 23 50 -05 Baguio Gold Basic Petroleum 0 017 -0 001 Benguet Con B 75 -5 First Phil Hldgs 10 25 ♦1 25 Lepanto B 048 -001 Marcopper 090 unch
      100 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      366 16 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF YONG FONG LIGHT STEEL PIPE PRIVATE LIMITED At an Extraordinary General Meeting o< the above named Company duly convened and held at 6001 Beach Road #1201 12-11 Golden Mile Tower, Singapore
      366 words
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      Page 16 Advertisements Column 2
      109 16 IN THK HIGH COURT Or THE REPUBLIC OF SINGAPOHE COMPANIES WINDING UP NO. >8 OF I9BH IN THE MATTER OF THE 1 COMPANIES ACT. AP. 50 1 AND IN THE MATTER OF ITALBUILDING PTE ETI) APPOINTMENT OF LIQUIDATOR IN THE MATTER OF ITALHUILDING PTE LTD Kv Ordei of I he
      109 words
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  • WORLD MARKETS
    • Article
      Lock icon Spotlight on takeover issues
      1034 17 New York Reuter THE NEW YORK STOCK market closed a day of heightened takeover speculation on Wednesday with only a small gain in moderate activity. Transports, however, pushed ahead for the second straight day, paying little heed to the sharp rise in crude oil futures. While
      Reuter  -  1,034 words
    • Article
      Lock icon Equities dip in earlier trade
      986 17 London Reuter SHARE PRICES on the London market opened with an easier bias yesterday in quiet trading, repeating the pattern seen previously in the first leg of the long three-week account. Sterling showed little change to Wednesday's closing value but its underlying strength against the
      Reuter  -  986 words
    • Article
      Untitled
      1263 17 Selected indices HONGKONG Hongkong Index Thursday .668 72 Wednesday 1.679 14 Week ago 1.691 89 All Industrials Thursday 2.326 8 Wednesday 2.301 3 Week ago 2.233 3 NEW YORK Hang Seng Index Thursday 2.***** Wednesday 2.***** Week ogo 2.581 33 Dow Jones Wednesday 2.067 64 Tuesdoy 2.***** Week ogo 2.064
      1,263 words
    • Article
      Lock icon London City Airways, UTA link-up
      102 17 Reuter LONDON CITY Airways announced it was linking up with French airline Union des Transports Aeriens (UTA) for flights between London and Paris. UTA, a subsidiary of Chargeurs SA. will market and promote London City Airways services between the new £30 million London City Airport
      Reuter  -  102 words
    • Article, Illustration
      Lock icon Judge okays Texaco's reorganisation plan
      511 17 Pennzoil to be paid US$3 billion UPI A US federal bankruptcy court judge has approved Texaco Inc's US$5.6 billion reorganisation plan in its entirety, allowing the oil giant to emerge from Chapter 11 bankruptcy proceedings on April 7. Judge Howard Schwartz berg, who issued the
      UPI  -  511 words
    • Article
      Lock icon Kelso pays off rival to make takeover easy
      778 17 NYT "REIMBURSE us for our expenses and we will withdraw from the field of battle. Our bill is US$25 million. In return, you can pursue the takeover target." That, in effect, is the unusual agreement struck on Tuesday by the Black Decker
      NYT  -  778 words
    • Article, Illustration
      Lock icon Ivan Boesky to start jail term
      258 17 AFP SPECULATOR Ivan Boesky rode the bull market to make millions. On Wednesday, he surrendered to US authorities to begin a three-year prison term and earn a maximum of 44 cents an hour at such jobs as milking cows or killing them. Boesky was
      AFP  -  258 words
    • Article
      Lock icon Brady warns of 'mousetrap' for currency and other markets
      220 17 Reuter NICHOLAS BRADY, head of a task force that investigated the October stock market plunge, repeated a warning that financial markets could collapse unless a unified regulator is given decisionmaking power over all US markets. "I firmly believe that no lasting
      Reuter  -  220 words
    • Article
      Deal to boost US electronics
      164 17 TWO US TECHNOLOGY firms signed an agreement on Wednesday which officials said would help make the American electronics industry more competitive worldwide. Intel Corp, a major US technology firm based in Santa Clara, California, said in a statement that under the long-term agreement it will
      164 words
    • Article
      Lock icon Grolier rejects Hachette's US$415m offer
      96 17 AP GROLIER INC's board of directors has unanimously rejected an unsolicited offer from a French publiahing company to acquire Grolier for US$4l5 million. A statement from the Dan-bury-based publisher of encyclopaedias and other booka said the US$2l-a-share offer from Hachette SA was inadequate. Grolier said
      AP  -  96 words
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      Page 17 Advertisements Column 1
      160 17 f SINGAPORE TOURIST PROMOTION BOARD SELECTION OF AGENCY FOR PRODUCTION OF SINGAPORE TRAVEL NEWS STPB is inviting Public Relations agencies to produce its bi-monthly newsletter, Singapore Travel News. The Singapore Travel News is an A-4 size newsletter, twelve pages with full colour photographs and/or graphic materials. Printing quantity is 60,000
      160 words
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  • Article
    Yeo Hiap Seng makes 8.6pc higher profits
    433 18  -  Total 1987 dividends will come to $4.97 million By ROSIE TAN FOOD AND BEVERAGE group Yeo Hiap Seng Ltd, which recently diversified into stockbroking, has reported an 8.6 per cent rise in bottom line profits to $12.89 million for the year ended Dec
    433 words
  • Article
    'Asia-Pacific power balance has tilted away from US'
    313 18  -  By DAVID CHEW THE BALANCE of power in the Asia-Pacific region has tilted away from the United States which nevertheless continues to hold the edge in military might. Malaysian Deputy Defence Minister Dato Abang Abu Bakar, in his opening address yesterday to
    313 words
  • Article, Illustration
    A trip to a different, darker world
    152 18 INTO THE HEART of darkness. The reality of Julian Wethered's trek into "the most extensive and spectacular cave system on earth" was not your ordinary vacation. The regional director of the De La Rue Company PLC takes Executive Lifestyle tomorrow to pretty spooky
    152 words
  • Article
    Lock icon KL still short of skilled manpower
    167 18 Bernama MALAYSIA is still facing a shortage of skilled manpower to fill various posts in its efforts to become a newly-industrialising nation. According to a Fifth Malaysia Plan study, the country needs 500,000 skilled workers up to the year 1990, Mara deputy directorgeneral Jamaluddin
    Bernama  -  167 words
  • Article
    Lock icon Geoffrey Howe to visit Malaysia
    91 18 Bernama BRITISH Secretary of State for Foreign and Commonwealth Affairs Sir Geoffrey Howe will arrive in Kuala Lumpur on April 5 for a three-day visit. He is scheduled to meet Foreign Minister Abu Hassan Omar and other ministers during the visit, his first to the
    Bernama  -  91 words
  • Article
    Lock icon Brunei announces political detentions
    247 18 AFP BRUNEI officially announced yesterday the detention of two government opponents and the deregistration of their political party. A statement from the prime minister's office in Bandar Seri Begawan said that Abdul Latiff Hamid, president of the National Democratic Party (NDP), and Abdul Latiff Chuchu, the
    AFP  -  247 words
  • Article
    Thursday's BT
    32 18 IF YOU did not receive your copy of Business Times yesterday or received it late, it was because of printing problems encountered on Wednesday night. We apologise for the inconvenience.
    32 words
  • Article, Illustration
    Lock icon Alatas brings international flavour to foreign office
    404 18 UPI INDONESIA'S new foreign minister, hinting at fresh directions in international relations, yesterday promised to follow a policy "strong in principle, wide in scope and creative in execution". Ali Alatas, speaking at a transfer-of-post ceremony in Jakarta, said the ending of Or Mochtar
    UPI  -  404 words
  • Article
    Lock icon US envoy gives qualified welcome to EC market
    275 18 Reuter AMERICA'S top representative to the European Community (EC) has welcomed EC plans for an internal market but warned that it should not lead to fresh trade barriers against the United States. "The internal market could be the most wonderful thing for
    Reuter  -  275 words
  • Article
    Lock icon EC fines two Konica units for hampering distribution
    182 18 AFP TWO EUROPEAN SUBSIDIARIES of the Japanese photographic firm Konica have each been fined 75,000 European Currency Units (U5592,000) by the EC for allegedly hampering fair distribution of Konica film. The decision by the European Community's executive arm, the European Commission, announced
    AFP  -  182 words
  • Article
    Lock icon Taiwanese petrochemical plant to be set up in Johor
    166 18 Bernama MALAYSIA'S petrochemical industry will be given a further boost following the decision by a Taiwanese group to invest Msl2o million in a petrochemical plant in Johor. Asia-Pacific Polymer has decided to site its facility to be one of the largest
    Bernama  -  166 words
  • Article
    Lock icon Aquino planning more domestic and foreign trips
    288 18 AP PHILIPPINE President Corazon Aquino said in Manila yesterday that she plans more foreign and domestic travel now that she is more confident about the country's stability. Mrs Aquino, whose government has survived six coup attempts, made the comment in a 45-minute meeting
    AP  -  288 words
  • Article
    Lock icon Too few securities markets in China
    81 18 Reuter CHINA HAS OPENED securities markets in 44 cities, but they are still too few and are not sufficiently active. China's Financial Times yesterday said the markets have played an important role in channelling cash from the public into investment in firms, with company
    Reuter  -  81 words
  • LATE FILE
    • Article
      Lock icon Ceasefire pact in Nicaragua
      45 18 AP NICARAGUA'S leftist Sandinista government and Contra rebels have agreed to a 60day ceasefire from April 1 as a first step towards ending the six-year war. The two sides would begin talks on April 6 to arrange a permanent truce. AP
      AP  -  45 words
    • Article
      Lock icon Nato, Warsaw make progress
      48 18 AFP THE North Atlantic Treaty Organisation (Nato) and the Warsaw Pact made crucial progress yesterday in talks in Vienna on conventional disarmament, agreeing on much of a mandate for future negotiations and on part of a briefing and verification procedure, Western diplomatic sources AFP
      AFP  -  48 words
    • Article
      Lock icon Laos rejects Thai proposals
      39 18 AFP LAOS has rejected Thailand's proposals calling for a revival of the works of a cooperation committee and setting up another committee to solve their border conflict, the Laotian news agency KPL said yesterday. AFP
      AFP  -  39 words
    • Article
      Lock icon Hongkong exports up 43pc
      36 18 AFP HONGKONG'S total export* surged 43 per cent in February from a year earlier, to nearly HK$3O billion, government statistics showed yesterday. Domestic exports rose 36.5 per cent to HK$l3.6 billion. AFP
      AFP  -  36 words
    • Article
      Lock icon Land auction fetches HK$273m
      42 18 Reuter FOUR LOTS of Crown land in Hongkong were sold for HK5273.5 million in the last government land auction for the financial year ending March 31. The sale price was HK595.5 million above the opening bid prices. Reuter
      Reuter  -  42 words
    • Article
      Lock icon Texas sets up plant in Korea
      46 18 AP TEXAS Instruments Inc of the US has obtained government permission to set up a US$l3.B million whollyowned subsidiary in South Korea. The finance ministry in Seoul said yesterday that Texas plans to produce semiconductors and electronic automotive parts. AP
      AP  -  46 words
    • Article
      Lock icon Train crash kills seven people
      37 18 AFP AT LEAST seven people, including two Japanese high school students, were killed yesterday when a train carrying 193 Japanese nationals collided with another train near Shanghai. Kyodo news agency said. AFP
      AFP  -  37 words
    • Article
      Lock icon Manila suspends cash bond
      41 18 AFP THE Philippine government yesterday suspended a 100,000-peso cash bond requirement for visiting Chinese. The Immigration Commission in Manila ordered the suspension three weeks ahead of President Corazon Aquino's scheduled visit to China, starting April 14. AFP
      AFP  -  41 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      115 18 leaving Singapore for 3 weeks? know your family is safe and happy... V\ r j You owe it to yourself to check out Ardmore Park the security is excellent, school buses call at the gate, and there is aerobics, squash, tennis, swimming, chip and putt and special interest classes for
      115 words
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      Page 18 Advertisements Column 2
      173 18 Th« Comtx report was not availabla at praaa Uma CLEAR THE AIR ABOUT YOU PROTECT YOUR HEALTH WITH A FARR ROOM AIR PURIFIER lit PURE CLEAN AIR FARRSENTINEL i i ht- t\ mi i kit Li fJjj ii* Jim*POLLEN ALLERGENS DUST ODOUR SMOKE OZONE DEAL FOR EXECUTIVE OFFICES MEETMG ROOMS
      173 words
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  • SHIPPING TIMES
    • Article
      Higher charter rates for bulkers push up plywood freight charges
      453 19  -  By JUNE LIM fJHARGES for the transportation of plywood are on the increase with the escalation in hire. •-—Operators involve in plyk*ood shipment to Europe have informed shippers of their intention to raise rates from April 1. An extra 12
      453 words
    • Article
      Lock icon Missing zeros may cost Prudential US$8 million
      363 19 AP PERHAPS three zeros mean nothing by themselves, but leaving them off the end of a number is going to cost the United States largest insurer at least US$B million. Prudential Insurance Co of America is offering the payment to settle claims resulting
      AP  -  363 words
    • PORTSIDES
      • Article
        Lock icon Five died while unloading peppers
        133 19 AFP FIVE FILIPINO crewmen have collapsed and died while unloading sacks of red peppers from a ship in an Indonesian port. A spokesman for the Philippine embassy in Jakarta said the embassy was seeking information on the report from police and the agents of Sungkung
        AFP  -  133 words
      • Article
        Lock icon Great Lakes opens to shipping
        89 19 Reuter THE US Army Corps of Engineers said the Great Lakes shipping season has begun with the first commercial vessels passing through the Poe Lock. Seven commercial vessels and an icebreaker have passed through the lock, the corps said. The Mac Arthur Lock, the second
        Reuter  -  89 words
      • Article
        Lock icon Kuwaiti ship refloats
        53 19 Reuter THE 23,740 tonne dwt Kuwaiti vessel Trident Emerald was refloated on March 19 by the salvage tug Koyo Maru. with the help of tugs and towed to Hyundai Mipo dockyard for repairs. Lloyd's Shipping Intelligence said. The vessel ran aground 13km off Ulsan, South Korea on
        Reuter  -  53 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 Djakarta Lloyd Nedlloyd
      163 words
    • Article
      Lock icon Japanese cartel seeks approval to extend output
      122 20 Reuter JAPAN'S 24 shipbuilders have asked the Fair Trade Commission to approve an extension of their output cartel in the fiscal year ending March 31, 1989, a spokeswoman for the Shipbuilders' Association of Japan said. The cartel seeks a limit in 1988/1989 of
      Reuter  -  122 words
    • Article
      Lock icon EC builders demand protection against Far Eastern shipyards
      486 20 FT THE EUROPEAN Commission has threatened to demand the imposition of punitive port levies on unfairly under-priced Japanese and South Korean vessels visiting the community, unless the two countries strike an accord with the EC on fair competition in shipbuilding. The move
      FT  -  486 words
    • Article, Illustration
      Lock icon A testing time for Japanese shipbuilders
      904 20 The Economist THE SHIPBUILDING business is sinking slowly in the West and is not in great shape in the East, either. Last year there were 20 per cent more cargo vessels floating round the world than shipping firms needed. That is a particular problem
      The Economist; Source: Shipbuilders' Association of Japan  -  904 words
    • Article
      INDEX TO ADVERTISERS
      955 20 AB Shpg V 5 ABC Contomt' VW 1 Accord Shpg VI Ahrenfc»e» liner XI A»r.co Oceon XN AlHrons VII AC Toepler XI AmeriCOn Tpt XN Anro Service IV Arrow lines IX Ajoii Oceon XI Atlos l»ne X AMI 1 A PC l»«e V API m ASCI m
      955 words
    • Article
      Lock icon GCC members agree to reduce dependence on foreign tankers
      302 21 AFP GULF petrochemical producers have agreed to take steps to reduce dependence on foreign tanker operators, whose high costs they say are pushing up product prices and hurting sales. The six oil producing states, which together claim an investment of US$2O
      AFP  -  302 words
    • Article, Illustration
      LR acts as 'surrogate owner' of Challenger for over a year
      281 21 THE CHALLENGER, the world s largest monohull crane ship, has been handed over to British Shipbuilders after being in the hands of Lloyd's Register for well over a year. LR's specialised arm. the Marine Specification Services Department, acted as
      281 words
    • Article
      Lock icon 30,000 workers go on strike at Chittagong port
      213 21 AFP CHITTAGONG. Bangladesh's major port, came to a standstill on Wednesday when its 30,000 workers stopped work in response to a call for an indefinite strike, port officials and union leaders said. The strike was called by the Port Workers Federation (PWF)
      AFP  -  213 words
    • Article
      SHIPPING EVENTS
      429 21 March 29-31 Reinsurance underwriting workshop, Insurance Reinsurance Research Group. Royal Horseguards Hotel, Whitehall Place. London SWI. April 6 Bills of lading Masters responsibilities. Nautical Institute (Solent Branch) meeting. 1930 hrs. College of Maritime Studies. Warsash April 6-7 Subsea control and data acquisition for oil and gas production systems.
      429 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8460 26 AARHUS S Paniang Diasagefrt. March 23/25 Kitano Maru Triot. March 26(M). Ming Promotion Yang Ming. March 26 Tang He China Ocaan. March 26 Nad Oeiima ScanOutcht March 29 Ever Group Evergreen. March X Anders Ma.rsk Ms.rsk Line, March 31 B Suria ScanOutcht,
      8,460 words
    • Article
      BUNKER MARKET REPORT
      1100 26 THIS FORTNIGHTLY REPORT, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars, instead of single prices for more comprehensive description of the market t Prices shown are based on average sized stem Market movements are indicated. The Cockett Bunker Price Index change and the
      1,100 words
    • Article
      LONDON FREIGHTS
      1397 27 ACTIVE time-chartering featured the freight marketon Wednesday, with increased interest evident for period business, shipbrokers said. A 67,000 tonner was fixed from North Spain for 6V4 to eight months at U5514,500 daily, while there are unconfirmed reports of a 61,000 tonner being fixed from Skaw-Cape Passero for two
      1,397 words
    • Article
      SHIPS IN PORT
      1530 27 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Aconcagua K2I olongs.de *****600 Eastern Glory K28 olongside 2503 1830 Inobukwro KK olongside 25 03 2300 Jenson K23 atongs.de 25 03 0400 Johne.ere" K27 aiongs.de 25 03 1200 Kola Joyo K 32 o'ongvde 26 03 0600 Koto Peiong
      1,530 words
    • Article
      Who acts to whom...
      2034 28 A—S AB ShWpmg Boustead Shpg Agencies ABC CJptainerlin* NV S pore Shpg (S) Accorjghpg Accord Shpg (S) Africa Ocean Lines Sealion Shpg (S) AhrenMal Liner Kim Shpg (S) Ailred.tf Toepter Oceanus Shipping Agencies (S) Mlmport Sdn Bhd (PK) Alltran* Alltrans Express Amendtn President Lines APL (S)/Boustead
      2,034 words
    • Article, Illustration
      Lock icon W German company expects to announce increase in profit
      316 30 Lloyd's List LEADING West German owner Hapag-Uoyd will announce increased profits when the full year's figures are published in May. Net profits for 1987 will comfortably surpass the Dms3 million (US$3l.3 million) registered a year earlier, thanks largely to increased revenue
      Lloyd's List  -  316 words
    • Article
      Lock icon UK insurers confident of winning huge portion in hull, cargo cover contract
      285 30 UPI THE LONDON insurance market looks set to win a big chunk of a US$l 5 billion hull and cargo cover contract for Japan's first permanent offshore oil storage base. Lloyds List international newspaper said on Wednesday. A
      UPI  -  285 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      898 19 []<;("[/\^|-'<[*"=^`$\+*<?/;{;) OOCL OigENiOvtKjtAS Mmnline WW Sardine shipping agencies (B«t no 242*4/ ook 200 Cantonment Road #12-05 Southpo<nt. Singapore 0208 Tel *****11 TELEX NO RS ***** ITERMI NAL/CFS Tel *****18 220 BOOKINGS Te) *****3* 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD .PORT KELANC TEL; *****18 Telei No MA*****/MA39TOI I PENANG TEL
      898 words
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      Page 19 Advertisements Column 2
      113 19 mioa THE EUROPEAN Commission has threatened to demand the imposition of punitive port levies on unfairly under-priced Japanese and South Korean vessels visiting the community, unless the two countries strike an accord with the EC on fair competition in shipbuilding. Page II GULF petrochemical producers have agreed to take steps
      113 words
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      Page 19 Advertisements Column 3
      826 19 TIMES STP Distributors gtfAf 0 6 ri\\ TRANSIT TIME REDUCED RY 5 DAYS SIN/OAK 17 DAYS LPK/OAK 23 DAYS PEN/OAK 22 DAYS (Wef: Louis Maersk 8804 etd sin 30/3/88) This week Andres M Closing Time CY 30/3 2300 HRS CFS 30/3 1300 HRS To Europe UK Scandinavia Finland El This
      826 words
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      Page 20 Advertisements Column 1
      640 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO AMSTERDAM, CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT KAOP KELANG SPORE HONGKONG HSIUNG CALLING 'KOBE 11 4. TOKYO 14/4 #KOBE 29/4. TYO 3/5 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE
      640 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
      446 20 !S1 C SAV ■J'.J-IJIHi-J.lj Cjr~pjn\iSudArvcricjna cel'jpcra S A O >'jn l.n C TO/FROM S PORE MOTHER VESSEL HK AdtCA IQQ ANTOf VALP SAI M VESSEL 14/4 ili M 11* m CAR CARRIER Yo«— W5 31/5 2S# 1M 8 VESSEL 2W 4« W M 1W CARGO FOR PUNTA ARENAS TALCAHUANO (SAN
      446 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      778 21 I S3 The Straits Steamship Group •ui y A Mansfield Container Shipping Pte Ltd P&O Containers COfiTAIWERSHIP SERVICE TO UK/CONTINENT: CONTAINERSHIP SERVICE FROM UK/CONTINENT: Caliinf Koto. Tokyo 4 Shtmizu Calling Kobe Magoya. Tokyo Calling Kobe Nagoya. Tokyo. Shorn zu GULF SERVICE Nag Toko Kobo P Kla> Pn»+ S pore I
      778 words
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      Page 21 Advertisements Column 2
      592 21 EUROPE SENATOR LIN IE USA/PANAMA id m nnnrrin in 'Ml* I ACCEPTIM CARCO TO/FROM SFO LAX. CHL Mtt. SAV TAB NYC AID lAL AM NFK OTHER PORTS 0« REQUEST TO USA/CANADA WEEKLY FULL CONTAINER SERVICE P HOOVER VO I— 125/3 124/3 125/3 127-21/3 NUPTSE V 124 I- I 1/4 131/3
      592 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      398 22 mSINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN EHSAN IRAN TEYFOURI Singapore M H* Loading forBANDAR ABBAS BANOAR ABBAS PNG/S. PACIFIC SERVICE Singapore Loading for: EAGLE V-2 26/3 JAYA, LAE. HRA, LTK. MALAU MICRONESIA SERVICE OCEANIA EXPRESS V-12 13/4 OCEANIA EXPRESS V-13 3/5 YOKO
      398 words
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      Page 22 Advertisements Column 2
      878 22 KS.LINE I—iA CM** Tin fully containerised service •FDR MOTHER VESSEL ACO 13E/PACIFIC PROSPERITY 17E ACO 13EHANJIN KUNSAN JOE OCH ME KOREAN WONIS JIN 74E OCH ME HANJIN KWANGYANG ME NO 74E/KOREAN WONIS SUN 69E ND 74E/HANJIN BUSAN 7% KJW 62 E KOREAN WONIS SUN ME KJW 63W HANJIN PAHANC 7U
      878 words
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      Page 22 Advertisements Column 3
      265 22 FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONG: SAILING 8/4 11/4 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA. TANGER, TENERIFE, LASPALMAS, TUNIS. VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL US.A. PAPUA NEW GUINEA PORT MORESBY, RABUAL, LAE KIETA, MADANG ft KIMBE NEW CALEDONIA FIJI ISLANDS NOUMEA
      265 words
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      Page 22 Advertisements Column 4
      803 22 m EVERGREEN -ull Container Service mo cuiot EVER GOLDEN EVER GUARD EVER GROWTH EVER GRAND EVER GREET Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) PROVIDENCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO. DETROIT COLUMBUS t OTHER MAJOR MCROBRIDGf DESTINATIONS 3) CRISTOBAL BALBOA PANAMA
      803 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      903 23 vi PACIFIC INTERNATIONAL LINES AW\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA HAWK SEA DRAGON SEA HAWK SCA DRAGON VESSEL INTEGRA SEA FORTUNE INTEGRA SEA FORTUNE BANGKOK CONTAINER SERVICE SIN SBY SMG SIN SLD SLD 16/3 29/3 27/3 31/3
      903 words
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      Page 23 Advertisements Column 2
      559 23 ia BEN LINE CONTAINERS 1 EXPRESS CONTAINER SERVICE TO UK/CONTINENT o*j*j BJ, S*.l Mono Mjru »j l*rp Bii Monftonj Eaprott 4 4 Tok»o Bi, 12,1 Rhino Mjru 17 4 ToOio El«rou 31 4 MjcWiuri Eiprm »4 Kovioon Bit Benj.or 11/5 OmU 17,5 EXPRESS CONTAINER SERVICE FROM UK CONTINENT ALL VESSELS
      559 words
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      Page 23 Advertisements Column 3
      600 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYO P.T. 6ESURI LLOYD P.T. IAMUOERA INOOtESIA P.T. TRIKORA LLOYO EXPRESS SEMI CONTMNERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S. PANJANG/18WB KUTAI/14WB L.J BONTANG/14WB SPORE In Pt 13-16/4 6-85 BILBAO ANTWERP H BURG/ ROAM ADAM BREMEN 26/4 29/4 16/5 21/5 13/6 16/6 Sub)«ct
      600 words
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      Page 23 Advertisements Column 4
      392 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHiPPiwe cnupp^TiQM (Burmese National Line) Loading for Rangoon Spore HTONEYWA V233W 22/21 Mir MERGUI VS3W 30 Marli Apr PAGAN VI2SW 4/t Apr PA AN VI23W m Apr HTONEYWA V234W 15/17 Apr P.Kelang Penang Bangkok 11/20 Mar BANK LINE SEMI-CONTAINER SERVICES NORTHBOUND TO UKC IVYBANK
      392 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1380 24 "K"LiriE SHIPPinG-dflTfl r*,«VV V-V-V--wfifi flTLflriTlC CDfiST (Round-The-World Service) *PK/PNG SPORE LB CHIS ORIENTAL FORTUNE V 8 ?6 Mar NEPTUNE JADE VI2 3 Apr ORIENTAL FAIR V 8 9 Apr •VIA FEEDER PACIFIC SOUTH-WEST 31 Mar 7 Apr 14 Apr 23 Apr 30 Apr 7 May 3 May 10 May 17
      1,380 words
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      Page 24 Advertisements Column 2
      810 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singac""* P Kelan| Penang Loading tor Moflitr Vsl Bi F«dt' Bi S O TRIPURA V 34H Apr Kandla Bombay RAVIOAS VWH b Apr Mar Mar Kandta Bombay INDIAN COURIER V»N IS Apr t Apr I Apr Hid Cal Cbo Madras S O ANDHRA
      810 words
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      Page 24 Advertisements Column 3
      741 24 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 73 Tftiot Avar StrMt SINGAPORE 0104 TIL UUW (10 LINES) F»i SJ4JSO4 S'pofe P Kelang Penang M Apr 16/11 Apr 26/27 Mar 29/» Mar STRAITS/PERSIAN GULF SERVICE: GOLDEN WONDER Colombo Karachi DuQai GOLDEN BEAR Colombo Karachi Dubai Bahrain CHINA SERVICE A VESSEL Shanghai
      741 words
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      Page 24 Advertisements Column 4
      356 24 vsa PHIII-OniCNT LIN€S PT€ LTD HEAO OFFICE 63 ROBINSON ROAD '07 12 AFRO ASIA BUILOING SINGAPORE CICS If If RS ***** PHill FAX *****76 EAST/FAR EAST FCL LCL SERVICE EAST AFRICA MEDITERRANEAN SERVICE MOMBASA DARESSALAM ItIRA TAMATAVE REUNION. TANCA 3SS UK EUROPE SERVICE JEURO USA SERVICE TBN iiiiil! MED UNE
      356 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      891 25 NEPTUNE ORIENT LINES LTD "s* J Bahru NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 *****42 *****22 *****53 *****19 *****16 *****11 *****41 NEPLINE SON. BHD *****87 INWARD/OUTWARD NEPLINE SON BHD *****33 INQUIRIES. *****44 NEPLINE SDN BHD *****5/6276tt******«7«62 NEPLINE SDN BHD Z*****/*****1 FAR EAST/EUROPE FULLY CONTAjNERHEO SERVICE A
      891 words
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      Page 25 Advertisements Column 2
      516 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN. INCHON STRAITS/KOREA SERVICE Vessel s Name ETD BS BKK No 6 Donam W2N 12/03 27 '03 "Gloria 803N ***** 2603 M Enter prise/MSN 26/04 No 9 Donam 803N 23/03 03/04 No 7 Donam 804N 02 04 No
      516 words
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      Page 25 Advertisements Column 3
      668 25 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 ***** PENANC P KELANG MESSRS HAI THONG SHIPPING 127 Penang Street. Penang. Malaysia M S HANDLING SYSTEM CO
      668 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      348 26 VE.B DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE *VIA COLOMBO Accepting cargo for INDIA Bombay. Cochin. Madras Calcutta ~VIA LARNACA. Accepting cargo tor Lattakia, Piraeus, Thessaloniki, Izmir, Istanbul. Mersin, Limassol. Beirut. Aleiandria. Port Said. Iraqi. Iranian [Q EUROPE ARKONA 2 WE SON LAND 2/U "HUepting cargo tor Hong Kong. Susan.
      348 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      167 26 I Regional Weather i >v» t ,A W. S! .S3 hiXT SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm ,OT 0 V A y K)wef *•«*<*• Wind direction with speed «t knots Roin W a Wove height Cloudy Sk» Su'toce oindt at* indicated kr o<iawt w
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      485 27 V\CSP\ CSP SHIPPING AGENCIES PTE. LTD. V Tel. *****66 (16 Lines) Fax *****15 FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELUNG, KAOSHIUNG, MANILA, BUSAN, TOKYO/YOKOHAMA KOBE, OSAKA, FELIXSTOWE, HAMBURG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations. ACCEPTING FCL/LCL AND CONVENTIONAL: EAST MALAYSIA
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      Page 27 Advertisements Column 2
      110 27 WAREHOUSING TRANSPORTATION Weekly consol at our CFS to Far East: Bangkok, Hongkong, Keelung, Kaoshiung, Manila Australia: Sydney, Melbourne, Brisbane, Fremantle USA: Los Angeles, San Francisco, New York, Oakland WAREHOUSING a TRANSPORTATION PTE LTD 44 Benoi Road Singapore 2262 Tel: *****60, *****24 Tlx: RS ***** Fax: *****97 0 Tatsumi Marine DIRECT
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      Page 27 Advertisements Column 3
      889 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. [U IRAQI LINE If IRAQ' STATf fNTfRPRISi fOK MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR MV BABYLON 30 3 Japan ALFARABI IS<4 Jipar WEST BOUND SERVICE ETA S PORE LOADING FOR MV ALFARABI 10/S Jeddah Aoaba Bagtwafl THROUGH B/Ll to BAGMOAO
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      612 28 FINE-LINER SHIPPING rai PTE LTD I 70 Shenton Wiy 01 0. 7 C Mjrin.i House, S pore 0?fl7 TFL *****77 (8 lines) TLX RS ??W1 FIINFR FAX ??S7BS6 I22MEE23EZSI3EI2!*^BEEBHE2nM W M Ul* IV 4 114 224 MIDDLE EAST GULF SERVICE STOftC IHQ 001 SMJ AM OA* KWT BAH 00* 2/4
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      Page 28 Advertisements Column 2
      463 28 ZIM -n FULL CONTAINER SERVICE accepting FCL/LCL cjrgoei to USA Eesl t West Coast Caribbean East Canada. HAITI Costa Rica. El Salvador Guatemala Honduras Venezuela Peru. Ecuador. Colombia via Miami. Trinidad. Barbados. Antigua St Lucia. Montserrat. Guayana via Kingston. Z'M STDNIT ZIM TRIESTE zim Piraeus ■fl.y'l '":.''tnrMTTM7TMTrMTI'7II IM CALIFORNI IM
      463 words
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      Page 28 Advertisements Column 3
      591 28 Everett Lines COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER 111 IT Mi ll'i Itlff flTll j CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penang* P. Kelang* Singapore MANOLOEVERETT m Apr MANOLOEVERETT iOHNEVERETT MURRAYEVERETT 22/23 Apr 3/4 May EVERETT ORIENT LINE' JAPAN/BAY
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      Page 29 Advertisements Column 1
      153 29 ESPRIT CHINA CONTAINER LINE a 2 a I <= ss saa 5] 1 CHINA WEEKLY LCL/FCL SERVICE TO: DAILY TRANSIT BY ROAD TO SHENZHEN, GUANGZHOU. SHANTOU. ALSO OTHER IN LAND DESTINATIONS VIA HONG KONG. FIXED WEEKLY CONSOLIDATION TO: HONG KONG MANILA BANGKOK KEELUNG KOAHSIUNG JAKARTA AGENT: INTEGRA SHIPPING PTE LTD
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      Page 29 Advertisements Column 2
      36 29 NEW WAVE TRANSPORT (S) PTE LTD. TEL: 223-3448/223-3477 ACCEPTING ICI/FCI TO: KOBE IYOKOI BANGKOK 29/3 28/3 29/3 'NAGOYA/HAKATA SUBJECT TO INDUCEMENT ALSO ACCEPTING HOUSEHOLD REMOVALS TO ANY DESTINATION BREAKBULK CONTAINER SERVICE MINXING A VESSEL HUANCPU HUANGPU
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      Page 29 Advertisements Column 3
      582 29 LCL/FCL SERVICE VESSEL A VESSEL JENLINK V6IN VESSEL JENHOL V6ON NWEL V62N SPORE 26/3 BANGKOK 29/3 m SPORE 27/3 3 I EH JAKARTA 30/3 2/4 rt'iiuji SINGAPORE 8/4/88 7mm SINGAPORE '1 331 a mm Also accepting cargo to KEELUNQ, HONQ KONQ. P. KELANQ. BUBAN 4 JAPAN E. MALAYSIA A BRUNEI
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      Page 29 Advertisements Column 4
      506 29 GLORY NAVIGATION GROUP REGULAR U|B SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLORY SELATAN VIII SM) 9/3 GLORY SELATAN IX V 66 Sid 18 3 GLORY SELATAN V 30/3 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER
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      Page 29 Advertisements Column 5
      467 29 PTC CONTAINER LINES FCL/LCI SERVICE PIC GftOUP SHI FAR EAST 29/3 KEELUNG/KAOHSIUNG 2/4 BANGKOK 27/3 MANILA 2/4 JAKARTA 2/4 PORT KELANG/PENANG 30/3 BUSAN 7/4 TOKYO/YOKO/KOBE 31/3 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuztiou, Xiamen/ Xingang/Shanghai SIN EUROPE 1/4 RDM/HAM/ANT/LE HAVRE/GENOA S|N USA/CANADA 27/3 L.A./NYC/SFO 30/3 VANCOUVER/TORONTO/MONTREAL J Hi MIFTI.U SYD/MELB/ADEL/FREM
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      Page 30 Advertisements Column 1
      317 30 f// Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PL REU DBN CT V7T 15/4 22/4 2M 7/5 1/5 13/5 23/5 Alto calls E L I P.E. GENERAL AGENTS: HAI
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      Page 30 Advertisements Column 2
      443 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FtENCH WEST INDIES VSI Spar* LeHjyr« Connactinf VSL N DEJIMA V 072 W3 14/4 STUTTGART EXP B SURIA VOB2 4/4 21/4 NUERNBERG ATI. SELANOIA VO9J 11/4 21/4 ATI CARTIER C wcti T VSI New NUOINBERC ATL Or"«n S
      443 words
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      Page 30 Advertisements Column 3
      280 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK Agent: NtHON-ASM SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SHIPPING PTE LTD Tfb *****55 I TIX: RS ***** FAX *****14 TIMBER/BREAKBULK SERVICE RANGOON S PORE BKK HKG KEE QINGOAO LATANGAN In Port 4/4 7/4 KEN WOOD Sailed In
      280 words
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      Page 30 Advertisements Column 4
      657 30 EM SSm CALL US ATr Z P- KELANG r PENANG j BAHRU mmm p. gudang W&m SINGAPORE iiimm K. LUMPUR *****53/*****11 '04-*****2/4, *****3 <07-*****8 07-*****3. *****5, *****0, *****1 ♦02-*****22 *****88 PKELANC I SINGAPORE 23 03 2403 3103 SHIMIZU TOKYO LOADING FROM: GOTHENBURG. BREMERHAVEN HAMBURG ROTTERDAM OTHER ORIGINS: AARHUS. AMSTERDAM. ANTWERP.
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