The Business Times, 29 March 1988

Microfilm: NL16110
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI <P) 95/12/87 TUESDAY, MARCH 29, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    262 1 Reuter Dow Jones lower WALL STREET stocks continued to show losses across the board early yesterday, although the blue chips were off their lows. The Dow 30 was off 11 at 1968 in the first half hour of trading, adding to the 108point loss last week. Losers
    Reuter  -  262 words
  • Article
    Trading in Nasdaq stocks starts on link-up today
    324 1  -  By CORRINA LIM AFTER SEVERAL false starts, Sesdaq and its US counterpart, Nasdaq, have finally linked up and trading will begin today. A statement from the Stock Exchange of Singapore said the tie-up "opened the first transPacific link between stock markets". The
    324 words
  • Article, Illustration
    Major markets take a dive
    385 1  -  Tokyo bucks downtrend By MAGDALENE NG WHICH stock market rules? New York or Tokyo? This is the question that anxious investors around the world will be asking today. Shades of last October crash were reminiscent throughout the world's stock markets yesterday as virtually every major
    385 words
  • Article
    Wider SDF net preferred over higher rate, says B G Lee
    319 1 oessraanEi aa eeranniaaaa THE GOVERNMENT prefers to raise Skills Development Fund contributions by casting the net wider rather than increasing the contribution rate. BrigadierGeneral Lee Hsien Loong said yesterday. Instead of pushing the rate up one point to 2
    319 words
  • Article
    Greenback plunges in European markets
    256 1 THE US DOLLAR opened sharply lower in nervous European trading yesterday, weakening further against the yen after it fell through the major support level of 125 yen in Asia The fall came despite reported Bank of Japan intervention in Tokyo and market talk that the
    256 words
  • Article, Illustration
    Fraud deals a severe blow to Intraco's earnings
    507 1  -  By LOH HUI YIN AN ALMOST $10 million write-off because of a fraud involving a plywood deal has dealt a severe blow to trading company Intraco Ltd s profit for last year. But for the fraud, one of the biggest in recent
    507 words
  • Article
    Intraco files suit to recover $10m from Gunac Far East
    316 1  -  By ELAINE KOH AFTER WRITING OFF almost $10 million it lost over a plywood deal. Intraco Ltd is attempting to recover that amount by filing a writ against Gunac Far East. The writ, filed in the High Court late last
    316 words
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      60 words
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      Page 1 Advertisements Column 2
      358 1 Boat lovers' dream come true THEY CLAMOURED for years for official attention. Finally they've got it. Singapore's boat lovers will over the next few years get several modern marinas to replace the sticks and strings facilities of today. See Page 10. More reports, Page 3 IT IS RIGHT for the
      358 words
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      Page 1 Advertisements Column 3
      55 1 Nikon The World's Finest Photographic System w m Vi g y/^////M >'//////// '"'Z Cartier jewellery is sold exclusively in the Cartier boutiques. Each piece is accompanied by a certificate guaranteeing its authenticity. BOUTIQUES <o/ mu/t' de C a/tier fern #01-36. Lucky Plaza, 304 Orchard Road Te) *****27 #01-04. Hilton Shopping
      55 words
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  • HOME NEWS
    • Article, Illustration
      Recession unlikely to occur: Solomon
      515 2  -  By PATRICIA M SCHERSCHEL Financial Editor THE AGEING GLOBAL economic expansion appears fit enough to keep chugging throughout 1988, says a prominent US economist. "Since October, it looks less and less like we're going to have a recession this year even though we were on
      515 words
    • Article
      B&D invests $15m in local operations
      427 2  -  By TONG SUIT CHEE AN AMERICAN MANUFACTURER of housewares in Singapore is investing $15 million to expand and upgrade its local operations this year to meet brisk demand worldwide. Mr Rames Chatterjee, the president and managing director of Black Decker Housewares, told BT that
      427 words
    • Article
      Lock icon Easing the unemployment situation
      171 2 Bernama THE HUNT for jobs in Singapore by Malaysians is expected to ease the unemployment problem in Malaysia, the country's Deputy Labour Minister said yesterday. Datuk Wan Abu Bakar Wan Mohamed said it would be better for the Malaysian people to work in the Republic, if
      Bernama  -  171 words
    • Article
      PA forms club for married folks
      74 2 THE PEOPLE'S Association Social Development Section (SDS) will form an alumni club for former members who are married. For a start, a talk-cum-tea rendezvous will be organised for potential members this Sunday at the Meridien Hotel (Orchard). A hundred married couples are expected to
      74 words
    • Article
      SDF gives a $10.2m boost to training
      370 2 THE SKILLS Development Fund (SDF) plans to commit $10.2 million to 75.000 training places in the financial year 1988/89. The training places come under the Best (Basic Education for Skills Training), Wise (Worker Improvement through Secondary Education) and Cosec (Core Skills for Effectiveness
      370 words
    • Article
      SIM to expand courses and services with move to new premises
      275 2 WHEN THE Singapore Institute of Management (SIM) moves into its impressive new headquarters at Namly Drive in September, members can look forward to computerised library materials and two more basic degree programmes. According to its latest annual report, the
      275 words
    • Article
      Asean real estate developers to meet here
      187 2 PLANNERS and real estate developers of Asean countries will meet here for a major convention and exhibition at the end of June The developers will be attending the 6th Asean Association for Planning and Housing (AAPH) Convention and Exhibition, to be held at
      187 words
    • Article
      Civil engineers urged to venture into software
      238 2 CIVIL ENGINEERS should perhaps consider taking on jobs in the computer software industry, suggested Nanyang Technological Institute's president Dr Cham Tao Soon yesterday. "I am surprised that there are not too many civil engineers who have ventured into the computer software industry since
      238 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      341 2 BILL LIU has been promoted to managing director of ICL Singapore Mr Liu, who has been in the computer industry for 17 years, joined ICL in the UK in 1970 as a trainee graduate. He was transferred to the Singapore office in 1972 and has since held
      341 words
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      Page 2 Advertisements Column 1
      63 2 4 New York. New York. Daily. Daily. ur V O Korean Air flies daily from Seoul to the Big Apple. Our convenient schedule leaves you plenty of time for work upon your arrival. Seven times weekly non-stop and three times with a short stop. For more details, call your travel
      63 words
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      Page 2 Advertisements Column 2
      94 2 Prompt pick-up and delivery 24 hours a day poure ikingfor sanesfi products/ services brands firms' addresses telephone numbers, key personnel and business activities ..iiSnyjpore and professional, trade and government bodies in Japan You'll be able to find it in Wcttey 1 Japanese Products Services in Singapore Buyers' Guide. u— it
      94 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      146 2 Max/ Not* Mm (°C) 27/10 Cloudy 09/05 Cloudy 19/10 Cloor 26/19 Cloudy 36/27 Sunny 30/23 Cloudy 12/03 Cloudy una* 23/19 Cloudy 11 /06 Showorj 25/15 Roin 09/05 Cloudy 26/21 Roin 24/13 CWor 09-06 Cloudy 28/09 Roin 27/16 Cloudy 07/02 Cloudy 08/04 Cloudy 30/25 Roin 12/04 Cloudy 11/03 Rom 10/05 Roin
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  • FOCUS
    • PARLIAMENT BRIEFS
      • Article, Illustration
        Manpower data
        72 3 MORE INFORMATION on manpower needs will be made available this year by the government so that students will be able to make informed choices when they apply for university courses, said Trade and Industry Minister Brigadier-General (Res) Lee Hsien Loong. BG Lee also said starting salaries for the
        72 words
      • Article
        Investment offices
        58 3 SHOULD THE Economic Development Board continue to expand the number of investment offices it has overseas or should it consolidate after a few years? Trade and Industry Minister ,BG Lee Hsien Loong said this 'was being considered and that some of the overseas offices might be closed so
        58 words
      • Article
        Older workers
        29 3 THE NUMBER of unemployed older workers (above 40 years old) fell from 12,600 in June 1987 to 8,700 last December, said Labour Minister Mr Lee Yock Suan.
        29 words
      • Article
        Driving licences
        77 3 THE TRAFFIC Police is studying the feasibility of introducing a credit card-sized driving licence. The card licence could also include the licensee's photograph, said Dr Lee Boon Yang, the Minister of State (Home Affairs). But for operational reasons, the validity of driving licences will not be extended to
        77 words
      • Article
        Developing Tekong
        61 3 PULAU TEKONG Besar could, in the long-term, be used for industry, as a seaport and for related developments such as power stations, said Or Lee Boon Yang. The Minister of State (National Development) said the island was used by the Ministry of Defence for training and would continue
        61 words
      • Article, Illustration
        Lock icon Value-added worker
        48 3 IS SINGAPORE getting good quality investments or is it not, asked Or Augustine Tan (Whampoa) yesterday. He noted that the value-added per worker of new investment commitments last year (1967) was about $77,800, down significantly from $112,900 in 1984. (see chart) Source: Economic Survey of S'pore
        Source: Economic Survey of S'pore  -  48 words
      • Article
        JTC factories
        38 3 JURONG TOWN Corporation's flatted factories are 92 per cent occupied. This means that JTC will have to build more or face a shortage in the near future, said Trade and Industry Minister BG Lee Hsien Loong.
        38 words
      • Article
        Help for disabled
        38 3 SPECIAL SALES counters will be set up in selected hawker centres for disabled people to operate. The counters will be ready by June this year, said Mr Wong Kan Seng, the Minister for Community Development.
        38 words
    • Article, Illustration
      Textile, garment sector paid just $3m tax
      379 3  -  *****0020 aa paaioacecra MINISTRY OF TRADE AND INDUSTRY Reports by JOHN LIM, CHUANG PECK MING THE TEXTILE and garment industry paid a "negligible" $3 million in income tax on an annual turnover of more than $1 billion. Brigadier-General (Res) Lee Hsien Loong told
      379 words
    • Article, Illustration
      Please, continue the courtesy drive
      214 3 THE COURTESY CAMPAIGN should continue to be promoted, according to most of 1,000 people surveyed late last year. A total of 93 per cent thought Singaporeans were more courteous because of the campaign and other factors, said Mr Ho Kah Leong, Senior Parliamentary Secretary (Communications
      214 words
    • Article
      Solution to tight labour market must be found at home
      332 3 LABOUR HAVE WE ATTRACTED too many labour-intensive investments? This could be a factor behind the current tight labour supply situation, said Labour Minister Mr Lee Yock Suan yesterday. Mr Lee did not elaborate. But his suggestion echoed a similar view
      332 words
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      323 3 h juss3k\ lv lgg*ra» 4&i^ -•a. 3 i j .y?s .-r i I.- I r i A v W?m > I: > v i ~.-5 j- 8 Ei 1 1 h i- e l K vf rf I 0.. a f 4 1J (i >■ i&?gP a. r 4 a
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      133 4 Keep your lip* sealed! ♦Shiny as a new pin since full refurbishment, The Club tempts cocktail lovers between 5.30 and 9.00 pm, to partake of their favourite tipple. Be it Mai Tai or your shout, it will slip down a treat in an atmosphere of relaxed sophistication. Being a somewhat
      133 words
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  • OVERSEAS
    • Article
      Lock icon China announces major overhaul of state organs
      409 5 AP CHINA has announced a major overhaul of state offices as part of its campaign to streamline government and reduce the state's role in the direct management of the economy. Song Ping, state councillor and head of the Communist Party's organisation department, outlined
      AP  -  409 words
    • Article
      Lock icon Subroto to advise new minister
      58 5 Reuter SUBROTO, dropped as oil minister from the Indonesian Cabinet last week, says he will become oil adviser to the new minister, Ginandjar Kartasasmita. But he told newsmen in Jakarta yesterday that he was not interested in the post of secretary general of Opec, a
      Reuter  -  58 words
    • Article
      Lock icon Japanese discount plea rejected
      117 5 Opecna INDONESIA has bluntly refused" a request for discounts on its oil price by Japanese buyers, a spokesman of Pertamina, the Indonesian state oil company, said in Jakarta yesterday. Japanese buyers had asked Pertamina to sell its oil at prices below the official levels, but the
      Opecna  -  117 words
    • Article
      Lock icon Poles to face more price rises
      277 5 Reuter POLES wearied by a decade of economic decline are bracing for another round of price increases this week as the government admits that its ambitious drive to restructure the economy is running into trouble. Increases due on Friday will triple the price of
      Reuter  -  277 words
    • Article, Illustration
      Lock icon Mitterrand hits out at New Caledonian policy
      396 5 AFP PRESIDENT Francois Mitterrand has hit out at the French government's policies in New Caledonia, calling them unjust and divisive. Mr Mitterrand said in an interview last Sunday that if he wins a second mandate in forthcoming presidential elections, he would ask the
      AFP  -  396 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      920 5 ARRIVALS f i S«rvic« Local From number time sv SV398 0835 JED/RUH MAS MH811 0910 PEN MAS MH67I 0920 KIN. SIA SQ103 0950 KUL AC AC858 0950 YYZ/LHR/BOM CAl CI806 1000 CGK CPA CX710 1015 CGK MAS MH603 1020 KUL RBA BI421 1100 BWN G4A GA960 1100
      920 words
    • Article
      Lock icon Polls show incumbent far ahead
      154 5 AP NEW public opinion polls published in Paris on Sunday, the first since Socialist President Francois Mitterrand officially announced his reelection bid, show the incumbent remaining comfortably ahead of all his Conservative rivals. The polls, one by the Louis Harris Organization and one by Ipsos,
      AP  -  154 words
    • Article
      Lock icon Dhaka urged to rely on own resources
      240 5 Reuter WORLD BANK vice-president Atila Karaosmanoglu advised Bangladesh to mobilise domestic resources and ensure quick use of project aid to achieve economic growth He made the call during a meeting with President Hossain Mohammad Ershad on Sunday, officials said. Mr Karaosmanoglu praised Mr
      Reuter  -  240 words
    • Article
      Indonesia plans six new industrial estates
      201 5 THE INDONESIAN government plans to establish six new industrial estates in Sumatra. Java and Kalimantan in a bid to fulfil the country's needs for larger industrial areas, the Ministry of Industry has said. The Jakarta Post, quoting the ministry's report on the development of
      201 words
    • Article
      Lock icon US economists see little threat to growth
      537 5 Forecast of 2.4 pc expansion seen as reasonable Reuter TO THE DELIGHT of the White House in an election year, the US economy seems firmly set on a path of moderate growth and restrained inflation. Concern about recession after the October stockmarket crash
      Reuter  -  537 words
    • Article
      Lock icon Australian GDP up 1.5pc in fourth quarter
      386 5 Reuter AUSTRALIA'S seasonally adjusted real gross domestic product (GDP) rose 1.5 per cent in the fourth quarter of 1967 after falling 0.2 per cent (revised from 0.5 per cent positive growth) in the third quarter, the country's Statistics Bureau said yesterday. Fourth-quarter 1967
      Reuter  -  386 words
  • Page 5 Advertisements
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      61 5 r I yAI \g TfTU The business person's choice, every I II 111 1 Tuesday, Thursday, Saturday and I I I|"V I VI \j II I Sunday. Leaving Changi Airport at I J \V y j 22 05 hours and arriving at Lester B. Pearson International Airport the following day.
      61 words
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      Page 5 Advertisements Column 2
      111 5 BLAUPUNKT BOSCH Group It's a small point But it makes a world of difference. Blaupunkt Integral IS 70-78Y r T. Switched on, it provides a very clear picture and stereo sound in hi-fi quality. Switched off, its functional design makes a good impression. Thus, Blaupunkt color TV sets present a
      111 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      37 5 Doonesbury BAH£Y!U*B& UH-.HOHZ, 21 4 I s I! V M/A' talP* L .lin BY GARRY TRUDEAU &mON6*7WS HOUSEHOLD PUUS EHEMONB, HtSOHJNMJ&GHT, GUV'NOR* BAIL&fjDOiOU UNPexsrANP* •m„ue VDUKNOW W' I T 1 m r i sK* M Wl it
      37 words
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  • COMMODITIES
    • Article
      Lock icon Indonesia faces oil price dilemma
      553 6 Opec line and national interest diverging AFP INDONESIA, an exporter of oil and gas, is finding itself caught between toeing the Opec line and pursuing its own national interests, analysts said. The two options are beginning to seem more and more irreconcilable, they said, as
      AFP  -  553 words
    • Article
      Lock icon Egyptians buy raw silk in Hongkong
      122 6 AFP LOWER PRICES for Chinese raw silk on the Hongkong market attracted Egyptian buyers last week. The Egyptian transaction for 900 kg of grade "AA" spots of Guangzhou raw silk steam filature white 20-22 denier was sealed at U5528.83 a kg, Hongkong dealers said.
      AFP  -  122 words
    • Article
      Lock icon N Yemen to sell oil to Japanese
      256 6 AFP THE YEMEN Arab Republic (North Yemen) signed an agreement on Saturday to sell crude oil to a Japanese company. The country's official news agency, Saba, reported last Sunday that North Yemen would sell the Naipon Company crude oil for the second quarter
      AFP  -  256 words
    • Article
      Lock icon Rubber prices likely to remain high
      156 6 Reuter WORLD RUBBER prices are likely to remain high in the near term on tight supplies and persistent demand, the Malaysian Rubber Exchange and Licensing Board said in its latest market review. In a section on market prospects dated Mar 16, the review said
      Reuter  -  156 words
    • Article
      Lock icon Non-Opec producers may cut output in response to cartel's move, say analysts
      633 6 Reuter NON-OPEC oil producers which the cartel says are pumping more than 500,000 extra barrels a day into world markets might be persuaded to reduce output by about 5 per cent if Opec does likewise, according to US
      Reuter  -  633 words
    • Article
      Oil and Products
      70 6 BULLISH SENTIMENT continued. pushing prices for most products higher. Regional crude remained depressed on news of Indonesian discounts to Japan. 9 N*w Yorti do— previeue day Products (FOB S'pore) USt/borrol Omne* KvroMn* 19.70 ♦040 Goiofl 30.30 ♦0.10 Low Swipf Iwr Wo., I* Mwo. LSW« 14.40 mdi NopMw
      70 words
    • Article
      Lock icon Precious Metals
      272 6 Reuter HONGKONG: Gold closed easier on prof-it-taking after opening higher yesterday. It rose as high as US$454 60/US$455 10 an ounce but selling increased in the afternoon as the European market opened. Bullion ended at U*****.00/50 against Saturday s U*****.70/U*****.20 close and New York's U*****.75/U*****.25. On the local
      Reuter  -  272 words
    • Article
      Lock icon KL Tin
      123 6 Reuter THE Kuala Lumpur Tin Market (KLTM) price closed nine cents lower yesterday at 17.28 cents a kg with buying Interest lacking because of the weaknesa of the dollar. After opening at last week's level, the market moved gradually lower as buyers were reserved, waiting for the KLTM
      Reuter  -  123 words
    • Article
      Produce Prices
      199 6 Chinese Produce Exchange Sellert' noon doting prices on March 28 (SS/100 kg) Coconut oil Bulk FOB 103.00 OW drum FOB 117.00 New drum FOB 113.00 Copra Mi*ed (loot*) 59 tellert Pepper Muntok white FOB NIW 1110.00 Sarawak white FOB fog NLW 1095.00 Sarawak tpecial black FOB NIW 802
      199 words
    • Article
      Palm Oil
      206 6 Malaysian cruda palm oil futuraa closad steadier in active trading on the KLCE yesterday. April added Ms 24 to M 5926 per tonne while May gained Ms 33 to M 5926. June was Ms 36 higher at Ms9lB. Turnover rose to 1,136 lots from 779 while open interest
      206 words
    • Article
      Lock icon Rubber
      374 6 Reuter SINGAPORE The market closed slightly easier yesterday with April 1 RSS buyers quoted at 224.00 cents/kilo, down 0.25 cent from Friday's close After a steadier opening following higher overseas advices and last Friday's after-hour firmer trend here, prices eased back on some profit-taking in quiet morning trading. Prices
      Reuter  -  374 words
    • Article
      SSR and SMR
      75 6 (canti/kg) APRIL 1988 MAY 1988 (current month) (forward month) RAS NOON NOON ftuycri lvy*ri StH»n SSR 20 223.50 225.50N 223.50 225.50N SSR 50 222.00 224.00N 222.00 224.00N MRELB fc/y»n S*H»ri 8ur*n t||l SMS cv 316.00 318.00N 317.00 319.00N SMt I 317.50 319.50N 316.50 320.50N SMt S 298.50
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    • Article
      RAS and MRELB
      232 6 RAS priCGS in 8 cents/kg, FOB In bata 1 NOON CLOSE Buyers Seders Buyers Sellers bit 1 RSS Prompt 225.50 226.50N 225-50 226.50N lot 1 RSS Apr 88 224.25 224.75N 224.00 224.50 bit 1 RSS May 88 226.00 226.50 226.00 226.50 lot 2 RSS OP 222.00 224.00N
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      211 6 The legend in Jakarta takes you to the heart of business matters vi\nnuin orii ru i IP# 2** Uv 1 i mm M AND A RIN ORI ENT AL JAKARTA iMandarin Oriental Jakarta is well placed to be the ideal hotel for busy executives. It is the only grand luxe
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      513 7 In 1986, swaps emerged as one of the hottest new products developed by the investment banks. They also became the most misunderstood. 11l While some companies considered them too intricate and exotic for their immediate needs, others (conversely) thought swaps were far too simplistic for their complex long-term strategies. A
      513 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      1486 8 Reuter SINGAPORE: The US dollar ended easier yesterday against most major currencies on selling in moderately active trading. Sentiment towards the US dollar remained bearish, and Bank of Japan intervention in Tokyo at 124.45/50 yen soon after the opening failed to halt its decline. Some dealers said Citibank
      Reuter  -  1,486 words
    • Article
      Asian $ market
      278 8 Asian market ASIAN DOLLAR deposit rates closed little changed yesterday from opening levels. In short-dates, overnight closed at 6% 6V4 per cent and week-fixed at 6% 6% per cent. Term rates were slightly lower initially. Thereafter rates were unchanged. One month closed at 6-13/16 611/16 per cent, three months at
      278 words
    • Article
      Simex
      483 8 JUNE Eurodollar opened sharply higher than last Friday's close at 92.77 on Simex yesterday as the US stock market fell 45 points in New York and higher oil prices. Prices then backed off to the day's low of 92.74 in the June contract on profittaking. The contract managed to
      483 words
    • Article
      Lock icon IMM
      273 8 Reuter IMM currency futures closed mostly lower last Friday after a very choppy session. Recent gains had left the market technically overbought, traders said, and when the February UK current account deficit came out wider than expected and the Bank of Japan intervened to support the dollar, long prof-it-taking
      Reuter  -  273 words
    • Article
      Lock icon Swiss bank signs China accords
      63 8 AFP SWISS BANK Corporation has signed two agreements for cooperation with Industrial and Commercial Bank of China and Shanghai Investment and Trust Corp, the Swiss bank has announced. It said the agreements, signed in Beijing and Shanghai, come after a "considerable growth" in the second-biggest
      AFP  -  63 words
    • Article
      Lock icon Malaysian commercial bank assets rise
      154 8 Reuter ASSETS and liabilities of commercial banks in Malaysia at end-November rose to MsBl 96 billion from M 581.56 billion at end-October and Ms 77 48 billion at end-November 1986. Bank Negara Malaysia said. Deposits held by banks fell to Ms 49 79 billion in
      Reuter  -  154 words
    • Article
      Options
      1695 8 CURRENCY FUTURES OPTIONS Monday, March 28, 1988 DCUTSCHCMARK (SIMCX) A»r M call* Apr II puts High Low High Low Sett 54 CAI 55 CAI 56 CAI 57 CAI 51 2351 239 2 59 1401 —142 4 4 4 60 601 64 28A 26 20 20 20 IS II 15
      1,695 words
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      164 8 DATASEARCH RESOURCES CONFERENCE ON EFFECTIVE RECRUITMENT, MOTIVATION DEPLOYMENT OF KEY CORPORATE EXECUTIVES 8 APRIL 1988 PAVILION INTERCONTINENTAL HOTEL SINGAPORE CONFERENCE HIGHLIGHTS the trends and challenges of the 1990's sourcing, selecting and deploying the right person for the job techniques in managing and motivating executives for higher performance and greater responsibilities
      164 words
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      Page 8 Advertisements Column 2
      9 8 16 EANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106
      9 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Nikko Futures becomes Simex clearing member
      345 9  -  By ALVIN TAY Banking Correspondent THE SINGAPORE International Monetary Exchange has granted corporate clearing membership to a third Japanese company, Nikko Futures (Singapore) Pte Ltd a move which should boost trading in the Nikkei Stock Average futures contract. The new entrant joined Nomura Futures
      345 words
    • Article
      DBS opens second Raffles Place branch
      136 9 DBS BANK opened its second branch in Raffles Place yesterday. The office is located at the newly renovated DBS Securities Building in Malacca Street. The branch, the bank's 31st in Singapore, sits next to the Raffles Place MRT station and is within walking distance
      136 words
    • Article
      Lock icon World Bank supporters seek debt facility for developing countries
      682 9 NYT SOME OF THE strongest backers of the World Bank, which has never had many friends in the US Congress, may turn against it this year in an elec-tion-year showdown over the need for additional capital. House liberals like John Lafalce
      NYT  -  682 words
    • Article, Illustration
      World interest rates
      205 9 Indicates the average of the prime lending rates ot 12 major banks in S'pore f Interbank market rates (offer/bid) on March 28 us$ DM SWFC Yen J days 6 13/16 11/16 8 5/8 1/2 3 7/16 5/16 1 3/8 1/8 6 3/8 1/4 1 mih 6 13/16
      205 words
    • Article
      Money markets
      55 9 THE OVERNIGHT rate on the Singapore interbank market was unchanged at 3% per cent yesterday. One and two month term rates rose 1/16. S$ Interbank rates at 12 noon yester day: OF«» 110 Offniflh: 3 1/4 3 1-monfh 3 3/16 1/16 2-monrti 3 3/16 1/16 3-monfti 3 3/16
      55 words
    • Article
      Government securities market
      84 9 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****V 23.6.88 3.00 2.95 6 months BY*****H 22.9.88 3.06 3.01 3.05 3.04 1 year BY*****Z 23.3.89 3.17 3.12 3.15 3.15 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      84 words
    • Article
      Lock icon First foreign bank in Hainan
      85 9 Reuter THE Hong Kong Nanyang Commercial Bank will be the first foreign bank to open a branch on southern China's Hainan Island, a top priority special economic zone The New China News Agency said in Beijing on Sunday that a further 20 foreign banks including
      Reuter  -  85 words
    • Article
      Lock icon Mixed views on rise of Canadian dollar against greenback
      551 9 NYT AFTER 12 YEARS of trading their currency at a discount to the US dollar. Canadians have watched recently with a mixture of satisfaction and concern as the Canadian unit has bumped progressively upwards against its counterpart, passing the US 80-cent
      NYT  -  551 words
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      63 9 SHANGRI-LA INTERNATIONAL IN BANGKOK WHERE ELSE BUT THE SHANGRI-LA Executive Accommodation Plan: High Season (Oct-Apr) from USSI2O per room Low Season (May-Sept) from USS per room The approximate US Hollar rates shown are suh|ei t to exchange rate fluctuations 0 Shangri-La hotel SHANGRI LA INTERNATIONAL SINGAPORE 215 1311 BANGKOK (2)
      63 words
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      Page 9 Advertisements Column 2
      152 9 fifi 9 8* m i li gCi., B&m J|*L ||n f x: < r. 35t. wwwsm Athens, Amsterdam, Copenhagen, Paris, Frankfurt, Rome, Stockholm. They're 2V2 hours shorter with Thai. If you're on your way to any one of the seven exciting European cities, you'd be pleased to know that they're
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  • PERSPECTIVE
    • Article
      Better health on the way
      506 10 THE PROVISION of public goods, like health care and military defence, has always been believed to be one of the unquestionable functions of governments in civilised societies. Forty years ago in Britain, public sentiments on the necessity of a free or low-cost nation-wide health service
      506 words
    • Article, Illustration
      Dream of a berth
      1839 10  -  With more than 4,000 pleasure boats registered with the Port of Singapore Authority and berths sufficient for less than half that number, Singapore has been accommodating a large number of boats in shipyards, river creeks and sheltered waters off Pasir Panjang and Sembawang, away from navigational
      1,839 words
    • Article, Illustration
      Lock icon Has IBM made Digital a chip offer?
      1317 11  -  The great advances made by the Japanese semiconductor industry have made it a force to be reckoned with, and even the computer giant, IBM, is not taking any chances. Industry sources and a soon-to-be-released book report that IBM is actually extending its right
      NYT  -  1,317 words
    • REGIONAL VIEWPOINTS
      • Article
        Continuity and renewal
        179 11 Our weekly summary of what other publications have to say about issues of regional interest. INDONESIA "TAKEN IN ITS ENTIRETY, the New Order s fifth developmental cabinet when analysed based on the age brackets of its members, does indeed reflect the main elements that President Suharto referred
        179 words
      • Article
        New economic team
        182 11 "PAST experiences have shown that good policies were often made ineffective due to lack of cooperation and coordination among the various related ministries or agencies. Resource allocations were often made inefficient or even wasted due to the compartmentalized ways of thinking on the part of several ministers
        182 words
      • Article
        No place like home
        157 11 SINGAPORE WHAT the Singapore government now holds out in the job market, as a special offer' to Malaysian workers, appears very tempting indeed Unlike the past, Malaysians may now work at any job'. This usually means in any sector, as distinct from at any level Malaysians
        157 words
      • Article
        Twin threats to society
        270 11 MALAYSIA "THE TWO main threats facing the country are communalism and communism. According to the White Paper, the long-existing communist threat is now under control. In the context of the Malaysian multi-racial, multi-religious, multi-cultural and polyglot society, communal issues and problems have to be resolved through
        270 words
      • Article
        The rule of law
        217 11 "THE Constitution Amendment Bill was passed by an overwhelming majority (88 per cent) last Friday after its third reading in the Dewan Rakyat.. When he tabled the bill for the first time last Thursday, Prime Minister Datuk Sen Dr Mahathir Mohamad explained that the jurisdiction of
        217 words
      • Article
        Scrap the dam
        98 11 THAILAND "AT LAST, common sense and rationality have prevailed. The government-appointed ad hoc committee headed by deputy prime minister Thienchai Sirisamphan has ruled that the controversial Nam Choan dam project should be shelved pending further study of its environmental and ecological effects "It is now up to
        98 words
      • Article
        Clearing the judicial air
        261 11 HONGKONG THE JUDICIARY in Hongkong should be independent but also more accountable. This is the theme which the new Chief Justice, Sir Ti Liang Yang, seems to have adopted If his performance at his first press conference yesterday is any guide, Sir Ti Liang has chosen
        261 words
      • Article
        A frank appraisal
        177 11 CHINA "ACTING Premier Li Peng has gone beyond the usual platitudes in his opening address to the Chinese parliament While he envisions a colossal nation growing economically by 7 5 per cent per annum during the next five-year plan, Mr Li also speaks of the myriad difficulties
        177 words
      • Article
        Here comes China
        217 11 "LAST YEAR China is estimated to have soft*'! US$l.5 billion $2 billion worth of weapons customers abroad, as much as half of them to warring Iran and Iraq. It may now be the world's fifth largest arms-seller As Vietnam has just found to its cost, the extra
        217 words
      • Article
        Conflict over the Spratlys
        89 11 "THE RECENT CLASHES in the South China Sea. involving the naval forces of China and Vietnam a dispute over the sovereignty of the Spratly Is--* lands, demonstrate vividly the potentially explo-, sive situation in the strategic area caused by competing claims As long as these competing
        89 words
      • Article
        East winds in the Mideast
        89 11 "AS IF the Middle East weren't already loaded with tinder, China is planning to sell its intermedf- ate-range East Wind Missiles to Saudi Arabia China wants good relations with the West,. > not to mention technology and credits, and it*f appropriate for the US to
        89 words
  • Page 10 Advertisements
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      65 10 I JU The sales division of Business Times is now located at: Times Industrial Building, Level 2, 422 Thomson Road, Singapore 1129. Tel: 255-0011, Fax: 253-2821, Telex: RS ***** BTAD. Contact persons are: Kenneth Teo, ext.257 Joe Heng, ext.237 Iris Lim, ext.23B Chia Ah Leek, ext.24o Azman, ext.24l Jarrod Leong,
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      711 10 mm&im CRYPTIC PUZZLE ACROSS 3 The rocket room? (5) 8 A lad s strange dish (5) 10 She gives a chap something cold (5) 11 Senegalese girl? (3) 12 She s soft and noble (5) 13 Wherein to look after an unhealthy horse'' (4-3) 15 Came together on the railway
      711 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1245 11 w asjn) mm TUESDAY PREMIERE That Secret Sunday 10.30pm, Channel 5 James Farentino plays a veteran journalist whose team of reporters digs too deeply into a serial murder story. Things worsen when an ambitious reporter fabricates a story to further his career. When the truth is blown out, the crime
      1,245 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Row sours Indian victory over New Zealand
      204 12 Reuter A ROW between man-of-the-match Mohinder Amarnath and New Zealand wicket-keeper lan Smith over allegedly racist remarks soured India's passage into the final of the Sharjah Cup 50-over one-day cricket competition In the United Arab Emirates on Sunday. India beat New Zealand by
      Reuter  -  204 words
    • Article
      Could Hirwani be India's new destroyer?
      983 12  -  From SHIRISH NADKARNI in Bombay INDIA'S unceremonious exit before the semi-final stage of the current Youth World Cup in Australia has deprived the citizens of Adelaide of the chance of witnessing the wiles of the latest international spin sensation, Narendra Hirwani. Less than two
      983 words
    • Article, Illustration
      Lock icon Age catches up with Connors
      511 13 NYT A 35-YEAR-OLD PITCHER may keep going for 10 more years. But 35-year-old tennis players are not meant to play for 3 hours 39 minutes when the temperature is 83 degrees in the stands and more than 120 on the cement court and the humidity
      NYT  -  511 words
    • Article
      Lock icon McCumber clinches Players' title
      302 13 AP MARK McCUMBER. stalking along at a record pace, pulled away to a four-stroke victory on Sunday in the Players' Championship Golf Tournament in Florida. McCumber did not make a bogey until he played his 32nd and last hole of the bright, sunny day. By that
      AP  -  302 words
    • Article
      Lock icon At loggerheads
      114 13 AFP A ROW erupted between the rival camps of Jorge Vaca and Lloyd Honeyghan in Lorftjon on Sunday as the World Boxing Council welterweight champion's attorney branded Honeyghan a dirty fighter. Francisco Bazan accused the Englishman, who meets Vaca at Wembley tonight, of being free with the use
      AFP  -  114 words
    • Article, Illustration
      Plenty of raw talent
      417 13  -  By WALTON MORAIS AUSTRALIAN travelling pro Stewart Ginn held a two-hour golf clinic with Singapore's top juniors yesterday and then declared that "the sky's the limit" for our youngsters. "There are some really good strikers of the ball here," said Ginn, the 1986 Malaysian Open champion.
      417 words
    • Article, Illustration
      Lock icon The last dance for skating champions
      367 13 AP KATARINA WITT said it best to summarise the intentions of all the champions at this year's World Figure Skating Championships, which ended on Sunday in Budapest. "Normally, when you don't do your best, you can always say: Well, I'll do better next time."
      AP  -  367 words
    • Article, Illustration
      Lock icon NZ launches challenger for America's Cup
      458 13 AFP THE NEXT CONTEST for the America's Cup appears set to be fought out in the courts before it gets to the water following the spectacular launch of the New Zealand challenger in Auckland on Sunday. Aucklanders turned out in thousands for the gala
      AFP  -  458 words
  • Page 12 Advertisements
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      745 12 COURyOISIERXO~Where to eat, drink... A choice of 18 salads, five cold cuts, soup, three roasts, eight grills 12 desserts. What more could you ask for? The entire buffet spread is yours for $25.50 per adult $15.00 per child under 12. BARON'S TABLE. BAROP'g Simply the best in town Royal Singapore
      745 words
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      Page 12 Advertisements Column 2
      217 12 /•/«'»a»i«i»i»I»a«■ ••\J Delicious DianXin rv. l fj V fay. r« Feast on delicious Dian Xin specialties from Guangdong and Beijing. We have an incredible selection to choose from including Shark's Fin ShiLiu Baa Eight Treasures Glutinous Roll, Steamed Chicken Wing Stuffed with Mushroom and Shark's Fin and much more! |T|T|T
      217 words
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  • Page 13 Advertisements
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      429 13 and entertain 4 übcrtus (H>rtll 13 a r?~ t <% So much to choose for only $21.50 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, tortes. .cheese board, fresh fruit .freshly brewed coffee All for $21.50 And for $27.50
      429 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      128 13 Play golf the Sevvy way The downhill TME DOWNHILL LIE CAN' BE A DISCOURAGING SHOT. WITH THIS ONE IT WIU. BE NECESSARY TO MAKE SOME CHMteeS TO THE V SWING.../ f THE BALI Wilt > TENO TO fir LOW. FOR THIS REASON TAKE ONE CLUB HIGHER FOR EXAMPLE A S/X
      128 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Share prices fall sharply from the opening bell
      4335 14 LED BY the 45-point plunge on Wall Street on Friday, share prices fell sharply in the local bourse from the opening bell yesterday The market's leading indicator the ST Industrial index fell from the outset. shedding 20.38 points to 925.22 by the
      4,335 words
    • Article
      Chief price changes
      236 14 SINGAPORE Rites Indlcw Kufan Msio 50f 109 +4 IT CompoOM 831 ,15 C Frop«rt»«. *02 +7 T OB/OS *JJ -J*' Itniphon. T«l 147 *7 IT CADI "6897 Hona Fofc 51 1* IT KWoyM* -6831 -6845 InnovMlM 11J *1 »T 0»V Komoyan 50* 63 ST InduPrtafc W* ?2?
      236 words
    • Article
      Business done on the SES
      3224 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 are quoted after the word "SETT".
      3,224 words
    • Article
      COMPANY MEETINGS
      197 14 GOODWOOD PARK HOTEL Limited: 40th AGM at the Tudor Ballroom. Goodwood Park Hotel. 22 Scotts Road. Singapore on Tuesday, March 29. at 11 45am. HOTEL MALAYSIA Limited: 25th AGM at the Tudor Ballroom, Goodwood Park Hotel. Scotts Road. Singapore on Tuesday. March 29, at 11.30am GENERAL LUMBER (HOLDINGS)
      197 words
    • Article
      Unit trusts
      295 14 Managers' prices Japan Gr Fund Shenton THrih Fund 1 56 C80 161 08C for March 2V UOB Management Singapore Unit Trust Unitund 0 82H 082* The Commerce 093 099 Un.bond 0995 102 The Savings Fund 0*9 0 8S.O Spore Prog Fund 037 041 MARA-Bomiputra S pore Sec Fund
      295 words
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  • COMPANY NEWS
    • Article, Illustration
      Hearing of Peter Tham's trial to start on Aug 10
      259 15  -  By ELAINE KOH THE SECOND TRIAL of former Pan-Electric Industries director Peter Tham was yesterday fixed for hearing from Aug 10 to Sep 2. By yesterday, Pan-El's liquidators Price Waterhouse still could not agree to the terms of Tham's proposal,
      259 words
    • Article
      Former Dah Yung director faces nine new charges
      181 15 NINE new charges of criminal breach of trust totalling $5 million were brought against former Dah Yung Investment director David Cheng Heng Soon yesterday. This brings the total number of charges Cheng faces to 14. The charges brought against him yesterday by
      181 words
    • Article, Illustration
      UIC's record earnings of $57m fall short of target
      634 15  -  First and final after-tax dividend of 10 per cent proposed By LISA LEE UNITED INDUSTRIAL Corporation has set a new record in its latest year-end results with pretax profits at $57 million, although this figure fell somewhat short of its target.
      634 words
    • Article
      Lock icon Malaysian remisiers call for uniform commission rates
      419 15 MBT PERSATUAN Wakil Peniaga Saham Malaysia (Persama), the Malaysian remisiers' association, will ask the Kuala Lumpur Stock Exchange (KLSE) committee to standardise remisiers' commission rate at 40 per cent out of the one per cent brokerage fee for all remisiers. It will also
      MBT  -  419 words
    • Article
      Bonvests profits fall 26pc to $2.9m
      326 15 BONVESTS Holdings Ltd has turned in a set of dismal results due to exceptional provisions for the fall in value of its Queen Astrid Park development, lower rents and continued heavy losses from its fast-food operations. The property-developer and investment holding group reported a
      326 words
    • LATEST RESULTS
      • Article
        Hotel Marco Polo Ltd
        203 15 HOTEL MARCO POLO LTD turned in a dismal set of figures for last year following a substantial drop in revenue due to the keen competition in the hotel industry. Its food and beverage operations, however, continued to perform satisfactorily. For the year ended Dec 31, 1987,
        203 words
      • Article
        Seaview Hotel Ltd
        129 15 PROFITABILITY of the Seaview Hotel Ltd group was adversely affected because of a $3.2 million provision for the diminution in the value of securities in spite of improved hotel operations. For the six months ended Dec 31, 1907, group loss before tax was $1.25 million (profit of
        129 words
      • Article
        Ming Court Hotel Ltd
        220 15 THE OCTOBER CRASH took its toll on the earnings of Ming Court Hotel Ltd. which turned in a pre-tax loss of $3 57 million (profit of $895,000) on a turnover of $1164 million ($l2 68 million) for the year ended Dec 31. 1987. Losses from investments
        220 words
      • Article
        Central Properties Ltd
        130 15 IN SPITE OF a higher turnover of $10.77 million ($7.59 million), Central Properties Ltd saw its pre-tax profit drop 32.5 per cent to $12.70 million ($lB.Bl million) for the year ended Dec 31, 1987. A final gross dividend of 15 cents has been proposed, giving a total
        130 words
      • Article
        International Trust & Finance Ltd
        162 15  - International Trust Finance Ltd -By CORRINA LIM INTERNATIONAL TRUST FINANCE LTD posted a pre-tax operating profit of $709,000 (loss of $19.29 million) on a turnover of $7 84 million ($9 48 million) for the year ended Dec 31, 1987 A sharp cutback in provisions for loan losses and reductions in
        162 words
    • Article
      Lock icon SPK-Sentosa requests suspension of share trading in Kuala Lumpur
      104 15 Bernama ES SPK-SENTOSA Corporation Bhd has requested the Kuala Lumpur Stock Exchange to suspend trading of its shares from yesterday until further notice. SPK-Sentosa said in a statement that it had been informed by Syarikat Permodalan Kebangsaan Bhd (SPKB), its major
      Bernama ES  -  104 words
    • Article
      HK merger cancellation criticised
      140 15 THE DECISION by corporate raider Joseph Lau to scrap proposed merger between two of his listed companies in Hongkong has drawn sharp criticism from investors and minority shareholders. They said Mr Lau's move was unfair to those who had retained stakes in Chinese Estates and China
      140 words
    • Article
      Lock icon General Lumber plans to buy UMWI's entire paid-up capital
      405 15 MBT GENERAL LUMBER (Holdings) has proposed to acquire the entire paid-up capital of UMW Industries (UMWI) for Ms6.B million to be paid partly in cash and partly in shares. However, with the completion of the acquisition, G Lumber proposes to enter
      MBT  -  405 words
    • Article
      Kentucky (S) profit rises 98pc to $5.6m
      256 15 KENTUCKY Fried Chicken (S) Ltd has again proved that chicken is a hot favourite with the local palate with a strong increase in profits and a higher turnover for last year. The group reported a pre-tax operating profit of $5.65 million for the
      256 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      117 15 COULD YOU SELL THIS SPACE? Business Times has a vacancy for an experienced sales person whose personality, background and experience will enable him/her to seek out and persuade advertisers whose products or services would benefit from exposure in the leading business newspaper in Singapore. The position and the remuneration will
      117 words
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      Page 15 Advertisements Column 2
      248 15 OPPORTUNITIES IN WESTERN AUSTRALIA If you are looking for good investments, we can provide expert advice and information on Industrial, Farming, Residential and Commercial properties in Western Australia. Interested parties please write or telex to: EMAS INVESTMENTS (S) PTE LTD 50, Jalan Sultan #20-10 Jalan Sultan Centre Singapore 0719 Telex:
      248 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Analysts forecast up to 20pc rise in Cheung Kong group profits
      419 16 Most gains expected from subsidiary Hutchison Reuter CHEUNG KONG (Holdings) Ltd and its principal subsidiary, Hutchison Whampoa Ltd, are likely to report 1987 earnings growth of up to 20 per cent tomorrow, according to stock analysts. They told Reuters
      Reuter  -  419 words
    • Article
      Lock icon GKN signs joint venture with China
      160 16 Reuter BRITISH motor and industrial products manufacturer GKN PLC. through its West German subsidiary Uni-Cardan AG, has signed a joint venture agreement to help build and operate a vehicle drive shaft company in China. GKN said it planned to start operating the company, Shanghai
      Reuter  -  160 words
    • Article
      Lock icon BIL makes full bid for NZ News
      59 16 Reuter BRIERLEY INVESTMENTS LTD is making a full bid for NZ News Ltd. BIL said yesterday the offer for the Auckland-based publishing company is NZ$3 cash per share. The offer, through whol-ly-owned subsidiary BIL Equities No 10 Ltd, ia not conditional on a
      Reuter  -  59 words
    • Article
      Kuala Lumpur prices fall across the board
      3125 16 THE KUALA LUMPUR stock market witnessed some nervous selling yesterday following the sharp falls on Wall Street over the weekend but a mild recovery was felt towards the late afternoon. Falls were noted across the board although most stocks closed off their lows.
      3,125 words
    • Article
      Lock icon HK$524m profit for Jardine arm
      77 16 AFP JARDINE Strategic Holdings Ltd, the Jardine group's investment arm set up in late 1986. yesterday reported a net profit ol HKSS24 million (U5567.2 million) for the year to Dec 31. The company also recorded extraordinary profit of HK$26O million (U5563.3 million), a statement said
      AFP  -  77 words
    • Article
      Lock icon BP Australia back in the black
      85 16 Reuter THE British Petroleum Co of Australia Ltd staged a sharp turnaround to a A 5100.5 million net profit in 1967 from a A 516.1 million loss in 1986 after boosting sales to A 52.57 billion from A 52.27 billion The company said in
      Reuter  -  85 words
    • Article
      Stocks close lower
      1412 16 Hongkong SHARE PRICES on the Hongkong market closed lower yesterday on concern about falling prices on Wall Street, brokers said The Hang Seng Index fell 35.15 to 2.466.78. The broader based Hong Kong Index fell 23.54 to 1.616.32. Turnover was HK$727 68 million against HK$l.O5 billion on
      1,412 words
    • Article
      Lock icon Tokyo
      510 16 Reuter SHARE PRICES on the Tokyo market closed sharply higher in active trade yesterday due to aggressive buying marking the beginning of the stock market fiscal year, brokers said. "Brokerages and institutional investors couldn't do much on Friday and Saturday because they were closing their books." said a fund
      Reuter  -  510 words
    • Article
      Lock icon Sydney
      442 16 Reuter THE AUSTRALIAN share market closed sharply weaker yesterday with most buyers cautious ahead of the opening of off-shore markets. "A moderate amount of buying was evident towards the close, but the market has fallen pretty heavily with a very low turnover," a broker said. "The market will remain
      Reuter  -  442 words
    • Article
      Selected indices
      124 16 HONGKONG Hongkong Index Monday 1.***** Friday 639 86 Weak ogo 1.706 24 Hong Seng Index Monday 2.466 78 Friday 2.***** Week 090 2.602 80 All Industrials Monday 2.2064 Friday 2.281 0 Week ogo 2.3117 NEW YORK Dow Jones Friday 1978 95 Thursday 2.***** Week ogo 2.087 37 TOKYO
      124 words
    • Article
      Seoul
      133 16 MAR M WON Chad Sugar ***** -<■300 Daalim IrxJ ***** 100 Daewoo Corp ***** -200 Daawoo Hmvv ***** •100 Datahin Sacuritiaa ***** 200 Dong Ah Phar ***** 350 Dong Suh Stock ***** •1000 Dongbu Staal Goto Star ***** ***** -300 -550 Hand Bar* ***** -250 Hand Camant ***** -100
      133 words
    • Article
      Lock icon Bangkok
      162 16 Reuter THE SECURITIES Exchange of Thailand Index dropped 21.76 points to 380.29 yesterday on a turnover of 16,286,690 shares worth 1175.86 million baht. Reuter MAR n BAMT Ao Kham Thai 106 Ayudhya Invaatmant 474 Bangkok Aground 141 Bangkok Bank 337 Bank 0» Ayudhya 360 Cltaroong Thai Wira A Catria
      Reuter  -  162 words
    • Article
      Taipei
      298 16 MAM a All Sincara Indus Asia Camant Cathay Cons Chang Hwa Bank Chang Loong Chia Main Camant Chin Hain Floor China Cham China Dav NT t 295 71 50 77 50 297 00 50 00 56 00 20 30 32 40 112 50 -0 12 -15 -3 -16 -15
      298 words
    • Article
      Manila
      94 16 MAN a PCSOt A Kcof Mining Anglo Phil Af»x Mining B AtlM Con B B«guK> GoW Bwc P«trol«um B«ngu«t Con B First Phil MWg« Lap*mo B Marcoppor 0 012 003 25 0 017 70 870 47 90 -0 001 -0 002 1.5 unch -9 -1 58 46 52 89
      94 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      249 16 ELTAC EMBROIDERING SERVICE PTE LTD (Incorporated in Singapore) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 102 Upper Cross Street, #09-05 O.G.
      249 words
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      Page 16 Advertisements Column 2
      241 16 VILLAGE FARM (0 ijcjij '4 a f.i t (PTE) LTD (Incorporated in Singapore) (In Members* Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE 1b hereby given pursuant to Section 306 of the Companies Act, Cap. SO that the Final Meeting of Members of the abovenamed Company will be held at 102
      241 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Land Rover workers end strike
      313 17 Reuter SIX THOUSAND manual workers at Land Rover in London returned to work yesterday after a five-week strike which cost the company an estimated £75 million, a Land Rover spokesman said. The unions announced during the weekend that a postal ballot had found 79 per
      Reuter  -  313 words
    • Article
      Lock icon New head of UPI wire service confident of a recovery
      315 17 UPI UNITED PRESS International could be made profitable and the ailing wire service probably will not be liquidated despite weekly losses of US$5OO,OOO. according to new UPI head Earl Brian. "I believe that UPI can be made to produce'' financially,
      UPI  -  315 words
    • Article
      Lock icon Petronas signs production sharing contract with two US companies
      318 17 Bernama ES PETRONAS last week signed a production sharing contract (PSC) with two US companies, Tennecooil Company and Occidental Petroleum (Malaysia) Ltd, tor Block SB-2, off Sabah. Speaking at the signing ceremony last week, president of Petronas Tan Sri Azizan Zainul
      Bernama ES  -  318 words
    • Article
      Lock icon Mazda to increase imports of Probe model from US
      100 17 Reuter MAZDA MOTOR Corp has increased the number of Probe coupes it will import to about 2,000 in the first year from 500 planned earlier, because of strong demand from dealers, according to a company spokesman in Tokyo yesterday. The Probe
      Reuter  -  100 words
    • Article
      Lock icon Sony Corp to advise Ampex
      64 17 Reuter SONY CORP will supply technical advice and components which will allow Ampex Ferrotec Ltd of Hongkong to begin assembling 1/2-inch professional video tape recorders this spring, sources have said. The wholly-owned unit of Ampex Corp of the US has been selling completed decks supplied
      Reuter  -  64 words
    • Article
      Lock icon Mitsubishi's new reinforced metal
      54 17 Reuter MITSUBISHI Electric Corp has developed a light, strong fibrereinforced metal useful in satellite construction. A company spokesman said yesterday that the material, composed of an aluminum alloy and carbon silicon, will be used in the Earth Resources Satellite One. to be launched in the yea/
      Reuter  -  54 words
    • Article
      Lock icon New Mercedes plant to be ready in 1991
      97 17 AFP THE NEW Daimler-Benz Mercedes car assembly plant at Rastatt. south-west West Germany, will begin production in 1991. Group vice-president Werner Niefer said in Stuttgart on Sunday that work on the factory will start this year. The plant will join the two
      AFP  -  97 words
    • Article
      Lock icon GFW to buy Dutch firm
      115 17 AFP AUSTRALIAN food group Goodman Fielder Wattie (GFW) has signed a preliminary agreement to take control of Dutch firm Meneba. the two companies announced in Amsterdam over the weekend. The amount of money involved in the deal was not disclosed. Trading in Meneba shares was
      AFP  -  115 words
    • Article
      Lock icon Fujitsu mass produces gallium arsenide chips
      73 17 Reuter FUJITSU Ltd has become the first company to mass produce gallium arsenide microwave semiconductors, a spokeswoman said in Tokyo yesterday. The microchips which will make possible smaller and lighter portable phones convert direct current to microwave frequencies. Gallium arsenide semiconductors are 1.5 times
      Reuter  -  73 words
    • Article, Illustration
      Lock icon Billionaire wins bidding war for New York hotels
      473 17 DPI BILLIONAIRE DEVELOPER Donald Trump has won a bidding war for a 1,000-room landmark hotel on New York's Fifth Avenue. At US$39O million, the posh Plaza Hotel in New York is the latest addition to Mr Trump s real estate empire. Plans
      DPI  -  473 words
    • Article
      Lock icon Qantas sets up reservation system with US airline
      582 17 MBT AUSTRALIAN airline Qantas has joined forces with American Airlines (AA) to set up a regional computerised reservation system (CRS) called Fantasia. Industry observers in Malaysia feel that the sudden emergence of AA in the region through Qantas's Fantasia may just tip
      MBT  -  582 words
    • Article
      Lock icon Koppers seeks alternatives to Beazer offer
      243 17 Reuter KOPPERS CO Inc said it would look for alternatives to a US$6O-per-share hostile takeover offer by Beazer PLC. including a recapitalisation plan involving purchase of another company's securities. Koppers chairman Charles Pullin's statement in Pittsburg on Sunday followed a temporary restraining order issued
      Reuter  -  243 words
    • Article
      Lock icon Hotel Meurice in Paris put up for sale
      104 17 Reuter BRITISH DRINKS and hotel group Grand Metropolitan PLC is seeking a buyer for the Motel Meurice. a spokeswoman for the upmarket Parisian hotel has said The Paris office of Brit- ish estate agent Jones Lang Wootton is handling the sale but
      Reuter  -  104 words
    • Article
      Lock icon NZ denies bid to sell Air New Zealand to British Airways
      173 17 AP THE NEW Zealand governmefit yesterday denied a British newspaper report that it had approached British Airways to buy the national airline, Air tfdw Zealand The government last year a"hnounced plans to sell 25 per cent of its 100-per-cent
      AP  -  173 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      170 17 r* 'Pt 'o on Or 9k t Oft 9 m BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always
      170 words
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      Page 17 Advertisements Column 2
      77 17 ASH), 000,000 Negotiable Floating Rate Australian Dollar Certificates of Deposit due 27th March, 1990 ■4 The Sanwa Bank Limited Singapore Branch "J In accordance with the provisions of the Certificates, notice is hereby given that for the three month interest period from 28th March, 1988 to 27th June, 1988 the
      77 words
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  • Article
    Singapore companies eye Taiwan's MRT project
    457 18  -  Keen competition expected, especially from the US By ZHOU MEI in Taipei SINGAPORE COMPANIES are among those enticed by Taipei's proposed 70-km mass rapid transit system The competition is, however, formidable. Not only are there large local civil engineering firms which understandably want to
    457 words
  • Article
    Sectors that beckon S'pore entrepreneurs
    503 18 FAST FOOD, banking, insurance, leasing and transportation are just a few of the booming sectors of the Taiwanese economy that beckon the alert Singapore entrepreneur. Mr Vincent C Siew, directorgeneral of Taiwan's Board of Foreign Trade, Ministry of Economic Affairs, named these areas as having
    503 words
  • Article, Illustration
    Lock icon Ershad in Thailand for four-day visit
    203 18 AFP PRESIDENT Hussain Mohammad Ershad of Bangladesh arrived in Thailand yesterday on a four-day state visit expected to focus on increasing bilateral trade. Mr Ershad's first visit to Thailand comes after he named a new Cabinet on Sunday following March 3 elections which returned
    AFP  -  203 words
  • Article
    Lock icon Taiwan asked to ban some exports to East Bloc
    255 18 Reuter THE UNITED STATES has asked Taiwan to ban some computer exports to Eastern Europe, fearing the equipment could be used for military purposes, a senior Taiwanese official says. Chiang Tseng-ti, deputy director of the Board of Foreign Trade, said in
    Reuter  -  255 words
  • Article
    Lock icon Aluminium plant in Sarawak soon
    109 18 Bernama A MSI-BILLION aluminium smelting plant one of four industrial projects approved by the Asean summit in Manila last year will be set up in Bintulu in Sarawak soon. Sarawak Industrial Development Minister Johari Tun Abang Haji Openg said in Kuching yesterday that the state
    Bernama  -  109 words
  • Article
    Lock icon China losing its future elite through big brain drain
    374 18 AFP CHINA has sounded the alert over a brain drain which its official press admits has robbed some fields of nearly all their best and brightest intellectuals. In a frank series of articles, the Guangming Daily edited for China s intellectual
    AFP  -  374 words
  • Article
    Lock icon IMF expects world economy to grow by 2.8pc this year
    289 18 AFP ECONOMISTS of the International Monetary Fund expect world economic growth of about 2.8 per cent this year, with industrial economies growing by a sluggish 2.5 per cent and developing countries by around 3.6 per cent. European monetary sources said.
    AFP  -  289 words
  • Article
    Lock icon Indonesia gearing up defence, transport, aerospace industries
    388 18 Bernama ES THE Indonesian government will bring another 30 governmentowned firms under the Council on Strategic Industries next year to enhance the country's defence equipment, transport and aerospace industries. The council was created under a presidential decree in 1983, and encompasses the armed
    Bernama ES  -  388 words
  • Article
    Lock icon World Bank to lend China US$12b
    97 18 Reuter THE WORLD BANK will lend China US$l2 billion from 1988 to 1992 as part of a new medium term plan of cooperation, the New China Agency quoted Barber Conable, president of the World Bank, as saying. The agency did not mention whether Mr
    Reuter  -  97 words
  • Article
    Lock icon Comex silver
    96 18 Reuter COMEX SILVER FUTURES cut losses in early trading yesterday, on scattered support derived from firmness in gold and a weaker dollar. At mid-morning, the May delivery had a net loss of 4.0 cents at U556,675 an ounce in a comeback from U556.63 which nudged out last Friday
    Reuter  -  96 words
  • Article
    Lock icon CBI predicts increase in British trade deficit
    275 18 Reuter BRITAIN'S trade deficit will widen this year, unemployment will increase slightly and investment in manufacturing will rise by 10 per cent, the Confederation of British Industry (CBI) forecast in London yesterday. The CBI the umbrella organisation for British employers said in its
    Reuter  -  275 words
  • LATE FILE
    • Article
      Lock icon Opec ministers meeting in April
      29 18 Reuter THE FIVE oil ministers comprising Opec's price committee will meet in Vienna on April 9, said Indonesia's Oil Minister Ginandjar Kartasasmita yesterday Reuter
      Reuter  -  29 words
    • Article
      Lock icon Scilla agrees to takeover
      30 18 Reuter PUBLICLY-LISTED Scilla Holdings Ltd yesterday reached a preliminary accord to be taken over by an unidentified overseas consortium valuing the company at HK$4OO million. Reuter
      Reuter  -  30 words
    • Article
      Lock icon Nickel continues upward spiral
      38 18 Reuter NICKEL continued its upward run in London yesterday, setting a record high for immediate delivery of U5523,900 a tonne in London Metal Exchange dealings, up from Friday's peak of U5522,500, dealers said Reuter
      Reuter  -  38 words
    • Article
      Lock icon Laotian minister in Tokyo
      30 18 AP LAOTIAN Deputy Premier Phoune Sipaseuth arrived in Tokyo yesterday, becoming the first Lao minister to visit Japan since the 1975 communist takeover in Laos. AP
      AP  -  30 words
    • Article
      Lock icon Setback for Rajiv's party
      44 18 Reuter PRIME Minister Rajiv Gandhi's party received a setback in elections to the Indian Upper House of Parliament yesterday, losing eight seats to the opposition. The losses reduced the ruling Congress (I) to 139 members in the 245-member House. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Moscow-Delhi satellite talks
      45 18 AFP INDIA and the Soviet Union are discussing building a satellite launch station in India. The Press Trust of India yesterday quoted V P Opliatov, a member of the Soviet Space Commission, as saying that the station would launch four-tonne satellites. AFP
      AFP  -  45 words
    • Article
      Lock icon Swiss MNC to invest in Selangor
      30 18 Bernama THE Selangor government yesterday approved an application by a Swiss multinational corporation to invest MS34 million in an agricultural produce processing factory. Bernama
      Bernama  -  30 words
    • Article
      Lock icon Warsaw Pact meeting
      46 18 AFP SOVIET Foreign Minister Eduard Shevardnadze left Moscow yesterday for Sofia for a meeting of Warsaw Pact foreign ministers. Tass news agency said the meeting will focus on Mr Shevardnadze s recent talks in Washington with US Secretary of State George Shultz. AFP
      AFP  -  46 words
    • Article
      Lock icon Manila seeks loan re-scheduling
      29 18 AP PHILIPPINE Finance Secretary Vincente Jayme yesterday asked Japanese Foreign Minister Sosuke Uno to reschedule US$4OO million in Japanese loans to the Philippines. A P
      AP  -  29 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      85 18 JLW Office 3 WAY -#<*$ f: I t New top quality building Near Tanjong Pagar MRT Station Excellent parking Whole floor of approx. 10,000 s.f. Subdivisions from 1,600 s.f. Jones Lang Wootton Marketing Office: 222 0653 222 0682 Head Office: 532 3888 EVERYTHING YOU NEED IN A LUXURIOUS OFFICE for
      85 words
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      Page 18 Advertisements Column 2
      222 18 Whither finance companies? WHAT ARE THE PROSPECTS for finance companies in the next century? Will they be fewer in number, but bigger in size? Will they survive the ever keener competition in the housing and car financing business? BT's Banking and Finance Supplement, which commemorates its 10th anniversary this year,
      222 words
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      Page 18 Advertisements Column 3
      4 18 Sh PagM 5, 6
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  • SHIPPING TIMES
    • Article
      Lock icon Balboa and Cristobal remain close, says Lloyd's
      97 19 Reuter DESPITE the efforts of Panama s military to reactivate the country's ports, Lloyd s Shipping Intelligence reported that both Balboa and Cristobal remained closed to operations. Lloyd's said that although the director of the National Port Authority issued a statement over the
      Reuter  -  97 words
    • Article
      Penang set to increase transhipment traffic
      376 19  -  By G DURAIRAJ PENANG PORT is set to increase its involvement in the transhipment traffic by intensifying its entreport role for the trade from southern Thailand, Burma and northern Indonesia. A port promotion committee, set up last December with the general manager of Penang
      376 words
    • Article
      Salvors refloat Eastern Venture after four days
      237 19 THE EASTERN VENTURE, grounded in shallow waters about 29km off Pontianak on March 17. was refloated early yesterday after a salvage operation lasting four days. The 6,000-dwt general cargo ship was loaded with 3,000 cu metres of plywood from Pontianak. It was on
      237 words
    • PORTSIDES
      • Article
        Manslaughter charge in ship mishap
        138 19  -  From Kingsley Wood CHARGES of manslaughter could be laid as a result of the capsize of the Dutch heavy-lift ship Gabriella in Port Kembla Harbour in August, 1986, following a recommendation by the Australian Director of Public Prosecutions, Mr R Blanch. Two marine surveyors were
        138 words
      • Article
        Lock icon Finnish owner orders six reefers
        111 19 Reuter FINNISH shipowner Gustaf Erikson said it ordered six new refrigerator ships and took options on six more from Norway's Kleven Mek Verkstad. Market sources said the total price of the contract was about one billion markka but an Erikson official declined to disclose a
        Reuter  -  111 words
      • Article
        Tacoma's claims of beating Seattle
        156 19 THE PORT of Tacoma claims that it is winning the battle for more tonnage than its rival, Seattle. According to Tacoma, it notched up record tonnage of 10.1 million short tons last year, an increase of per cent compared with 1986 Ports communications manager Judy
        156 words
      • Article
        Lock icon Mozambique gets new port
        62 19 AP JAPAN has presented a US$9 million newly-built fishing port and facilities to the government of Mozambique, the Japanese embassy said. Horoyuki Eguchi, Japan's charge d affaires in Zimbabwe, presented the wharf to Mozambique Prime Minister Mario Da Graca Machungo at Quelimane in northeast Mozambique, said
        AP  -  62 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
      ICE in joint deal to re-activate production at Ace factory
      122 20 US-BASED leasing company, the Inter Continental Equipment Inc (ICE) has formed a joint agreement with Filipino interests to re-estab-lish production at the Ace factory in the Philippines Set up by Varian Industrial in 1983. the facility was mothballed due to
      122 words
    • Article
      Surabaya expands further to cope with box exports
      1063 20 Less than a year after the announcement of Inpres 4, container throughput at Surabaya began to show marked improvement. To accommodate the rapid growth, Indonesia's second largest port embarked on a major expansion programme. Lloyd's Maritime Asia examines how Surabaya copes with
      1,063 words
    • Article
      Lock icon Karama Maersk on fire
      94 20 Reuter IRANIAN gunboats attacked and set fire to the Danishflag supertanker Karama Maersk in the southern Gulf on Monday, regional shiping sources said They said the 337,700-tonne ship, raked by machine-gun fire, put out a Mayday distress signal 23km northwest of the United Arab emirates port
      Reuter  -  94 words
    • Article
      INDEX TO ADVERTISERS
      799 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africo Oceon X 2 Alltrons VII 3 American Tpt X 45 Anship Int'l V 3 Anro Service IV 2/3 ANL 1 1/3 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      799 words
    • Article
      Lock icon Finnish yards attribute success to Soviet orders
      434 20 AFP WHILE SHIPYARDS in many other parts of the world face dwindling order-books, companies in the Finnish port of Rauma are pulling in the dollars or rather roubles with custom-built specialist vessels Several factors explain the yards' continuing success, the main one being
      AFP  -  434 words
    • Article
      Lock icon Seaway expects deficit to rise to C$6 million
      87 20 Reuter THE St Lawrence Seaway expects its deficit for fiscal 1987-88, ending March 31. to rise to about Cs6 million, up from C 54.6 million the vious year. William O'Neil, presi* dent of the St Lawrence Seaway Authority, says the deficit 'is
      Reuter  -  87 words
    • Article
      Bridgeline to link Newcastle with Japan and Korea
      377 21  -  From KINGSLEY WOOD in Sydney A NEW shipping line has been formed to trade directly between Newcastle and Osaka and Yokohama in Japan, and Pusan in Korea. Bridgeline is in the course of chartering two ships to operate on a 23-day frequency
      377 words
    • Article
      ABS technical committee chairman re-elected
      124 21 PRESIDENT of Magsaysay Lines. Mr Miguel A Magsaysay, has been reelected chairman of the South-east Asia Australasia technical committee of the American Bureau of Shipping At the annual general meeting held in Singapore on March 17, members also returned Mr Mohamed Taib Ibrahim, president of
      124 words
    • Article
      Lock icon N European companies form Taurus Petroleum
      280 21 Lloyd's List AN ENERGY exploration company has been formed by a group of North European companies including leading bulker operator Argonaut, the Swedish ferry group SeaLink AB and the energy independent Salenia. To be called Taurus Petroleum AB, the new Stockholm-based group is aiming
      Lloyd's List  -  280 words
    • Article
      Lock icon US fails to implement coding system
      217 21 Seatrade Week THE UNITED STATES failed to implement the Harmonised Commodity Description and 'Coding System on Jan 1, when most of the ocean trading nations of the world did implement it. The reason for the US's failure, which made the nation look very foolish,
      Seatrade Week  -  217 words
    • Article
      Lock icon TANKER RATES
      287 21 AFP ADDITIONAL cargoes were placed on the market over the past week as charterers anticipated a rebound in oil prices, which resulted in firmer conditions in most of the loading areas, tanker brokers E A Gibson say in their latest report. The price committee meeting of the Organisation
      AFP  -  287 words
    • Article
      Lock icon P & O cancels Easter bookings due to dispute
      336 21 P O cancels Easter bookings due to dispute FT Reuter P O appears to be preparing for a lengthy dispute with the National Union of Seamen by announcing that it was cancelling all Easter bookings on its cross-Channel services. P O said cancelling the bookings was a "marketing decision" based
      FT; Reuter  -  336 words
    • Article
      SHIPPING LIST where your ships are due...and when
      7847 26 aeiaßiimß A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      7,847 words
    • Article
      SHIPS IN PORT
      1675 27 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES AlfcxJ *20 ok>«gvd« 29 03 2300 A'modo Wo'o *19 de 29 03 030C A'»o«r K ng *33 o>ongs de 30 03 060C BO'4Q P Kit oicgv0« 3003 l«00 Bwcc Aso *21 0 de 30 03 0TB Gogc lego
      1,675 words
    • Article
      LONDON FREIGHTS
      1125 28 MOOERATELY active chartering was reported to carry grain cargoes from the US with rates generally holding fairly steady on Friday, shipbrokers said A vessel was secured from the US North Pacific to Japan at an unchanged US$l7, including combination discharge ports, or at $16 40 if no combination
      1,125 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      841 19 *°v *> c TIMES STP Distributors s Pu&tshtrtq Croup OOCL Orient Oviiqeas Ctdaitm Line NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING* WMIf ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FORTUNE ORIENTAL CHIEF J/KtDINE SHIPPING AGENCIES (Reg No 242K4/ OOK) 200 Cantonment
      841 words
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      Page 19 Advertisements Column 2
      87 19 wm FOR THE HOT, flat former Dutch naval town of Surabaya, the rapid growth of exports in the wake of Indonesia's recent economic liberalisations has come as a pleasant surprise. Page II A NEW shipping line has been formed to trade directly between Newcastle and Osaka and Yokohama in Japan,
      87 words
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      Page 19 Advertisements Column 3
      726 19 I ODESSA OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE A NEW STANDARD IN SERVICE A BETTER WAY TO OAKLAND SIN/OAK 17 DAYS LPK/OAK 23 DAYS!!! PEN/OAK 22 DAYS!!! This »ee« Andres
      726 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      616 20 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT 3 P KELANG SOUTHAMPTON HONG KONG EXPRESS TOKYO BAY RHINE MARU TOKIO EXPRESS HAMBURG EXPRESS KOWLOON BAY HAMBURG BREMERHAVEN 26/4 28/4 4/5 6/5 9/5 11/5 15/5 17/5 21/5 23/5 25/5 27/5 ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN. AARHUS.
      616 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
      375 20 CHA RGEURS RE UN IS SING APOPF F NQUIRIF S *****44 UK 22SS«Si Optorg Shipping Pte. Ltd I Port J*>8?001 2 .1 Ppt.il.nq Java Penanq *****5 SAN JUAN 1/04 SO ESTERO 23tM LA RIOJA 3105 •Subject to titoMewwm AGfNTS SINGAPORf 'II .V.IIII TIU* RV!&*> M* .Vi>il EL M A t
      375 words
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      Page 21 Advertisements Column 1
      1547 21 *2 The Straits Steamship Group Mansfield Container JWfWM STRAITS SHIPPING ru mam Singapore to Sabah, Sarawak, Shipping Pt© Ltd HJV Brunei Ports and Bangkok P&O Containers CONTAINERSHIP services to/from BANGKOK SfOdE BKOK (COWTAffgRSHT SERVICE TO PtCASUS PROGRESS VS24N In Port/30 *»r 0142 Apr S**. P Klwig S- H burg B
      1,547 words
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      Page 21 Advertisements Column 2
      508 21 SFO LAX. cm. MIA. SAK TAN NYC AM lAL AND NFK Eli EUROPE .V7.'MiTii mu-.M ■.ttt-t :>n SENATOR LINK G«n*ral Ag«nt: ■B u TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER NUPTSE V 124 1/4 131/3 1/4 3-4/4 P GRANT VBl 1/4 7/4 8/4 10-11/4 P HOOVER VB3 15/4 14/4 15/4
      508 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      399 22 HISINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN EHSAN IRAN TEYFOURI Singapore 6,4 1/4 Loading for BANDAR ABBAS BANDAR ABBAS PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 21/4 LAE. PMB. RBL. HRA MICRONESIA SERVICE OCEANIA EXPRESS V-12 13/4 OCEANIA EXPRESS V-13 3/5 YOKO ASIAN
      399 words
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      Page 22 Advertisements Column 2
      678 22 JKSline FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ A Mfmbfr ol tlw At* Conwhum KOREAN JACEJIN 43W QUEEN S WAY BRIDGE 7* SEVEN SEAS BRIDGE 65*1 KOREAN CHANCE 36W ACE CONCORD 14* ORIENTAL CHIEF 59* L«Ha»re F«to«« "dan M bur 1 21 4 22/4 23 4 2&4 *'4 »,4 *4
      678 words
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      Page 22 Advertisements Column 3
      297 22 I 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 A ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE ft MADANG NOUMEA 4/5 SUVA/LAUTOKA 4/5 SIN ADELAIDE 5/4 SYDNEY
      297 words
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      Page 22 Advertisements Column 4
      899 22 r s EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTINC CARGO TO 1) PROVIDENCE NEWARK SAVANNAH 10$ TON PHILADELPHIA. NORFOLK JACKSONVILLE MiLMINCTON BERMUDA ETC n ATLANTA CHICAGO DETROIT CCH.UMUS t OTHER MAJOR MtCROBRIOGE DESTINATIONS 3) CAiSTOBAI BALBOA PANAMA CITY. COLON LN CURACAO VIA KINGSTON 4) MONTREAL TORONTO VIA
      899 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      919 23 x PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAVA/SEMARANG CONTAINER SERVICE VESSEL SEA DRAGON SEA HAWK SEA DRAGON SEA HAWK SIN SBY SMG SIN SLD SLD SLD IN PT 30/3 31/3 2/4 S/4 3/4 7/4 9/4 12/4
      919 words
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      Page 23 Advertisements Column 2
      550 23 \UL BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT >rp |J| >nfton| Eiprtu >*ro una Maru *10 Eiprnt imeurj Eiprm m oor Bly H««en nil I PtfOUM it« lav SPOKE P KLANC STON HAM 31/3 11/4 21/4 54 2M JM 13/4 144 2/5 M 17(4 3*4 7/J ili 23/4 25/4
      550 words
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      Page 23 Advertisements Column 3
      560 23 If DJASAGETRI A Joint Europe Service Of: P.T. LMKMTA LLOTO P.T. 6ESURI LLOYB P.T. wai MOBEIIA P.T. TIIKOU UOTB r EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE VSL/VOY S PORE BILBAO ANTWERP H'BURG/ RDAM/ADAM BREMEN KUTAI/14WB 13-16/4 16/5 21/5 L.J. BONTANG 14WB 6-8/5 13/6 16/6 Subject to Inducement Also accepting
      560 words
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      Page 23 Advertisements Column 4
      373 23 BOUSTEAD SHIPPING AGENCIES 1* BURMA FIVE STAR SHIPPIN6 cnppnMTinii (Burmese National Line) Loading for Rangoon P.Kelang Penang Bangkok MERGUI VB3W 31 Mar/6 *1* PAGAN VIKW *pf PA AN VI23W »/U Apr HTONEYWA V234W 15/17 Apr BANK LINE SEMI-CONTAINER SERVICE! NORTHBOUND TO UKC IVYBANK V2IN TAUSALA SAMOA VI2N MORAYBANK VSN SPORE
      373 words
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      1304 24 "K"LinE SHtPPinG-DflTfl ATLftnTIC CDft3T (Round-The-World S«rvice) 'PK/PNG SPORE LB CHLS NFK NYC HFX ORIENTAL FORTUNE V 8 Sid 31 Mar 23 Apr 3 May 5 May 7 May 11 May NEPTUNE JADE Vl2 3 Apf 7 Apr 30 Apr 10 May 12 May 14 May II May ORIENTAL FAIR VS
      1,304 words
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      Page 24 Advertisements Column 2
      717 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Smgjpoft Mothtf Vsl S O TRIPURA V 34H Apr *AVIDAS V 39H i Apr NOUN COURIER V 29N 10 Apr i 0 ANDHRA PRADESH V 37M 11 Apr NDIAN COURIER V 301 5 May S O MANIPUR V 37H U May S O
      717 words
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      Page 24 Advertisements Column 3
      783 24 GOLDEN LINE GUAN GUAM SWUNG (PTE) LID 8. T«M Arar Street SINGAPORE 01M TEL SM3M (It LINES) Fu SMJSM STRAITS/PERSIAN GULF SERVICE: GOIKN WONDER Colon Oo Karachi Dubai P Ktiang Penang GOLDEN BEAR Karachi Dubai Dammam 24/25 Apr CHINA SERVICE A VESSEL Shamhai Hswkanf 4/5 Apr MINFU Hoangpu Shanghai 5/6
      783 words
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      Page 24 Advertisements Column 4
      384 24 I' OPHIU Oni€NT LIN€S PT€ ITO HCflO Off CI 63 ROEIMSON POAD -07 1? AFRO AS:* BUiiDiNa StHCAPOPF CITS mf» RS ***** PHilI fA« 7?55f>76 MHII it'll? m rrrf* H KONG KOBE KEtLUNG UK. EUROPE SERVICE 5/4, 19/4 USA SERVICE W. 22/4 ;i i MOMBASA. WflftM AM BEIRA. TAMATAVE REUNION.
      384 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      604 25 \\NEPTUNE ORIENT LINES LTD S S£SS! FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A member ot the ACE Consortium NEPTUNE AGENCIES PTE LTD FE EU/AUST T PA/SEA Terminal CFS BOOKINGS *****53 *****42 221M22 *****53 27*111 27*11* uibui in. 27*111 27*141 NEPLINE SON BHD K«Mi; INWARD/OUT*ARD NEPLINE SON BHD. *****33 ENQUIRIES *****44 NEPLINE
      604 words
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      Page 25 Advertisements Column 2
      317 25 DONA* HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN. INCHON CALLING INCHON DIRECTLY ON 11/04 CALLING INCHON DIRECTLY ON 14/05 Vessels Name S pore Cal Tiger Bay 34 7/4 13/4 Vessels Name S pore Yofc Nag Kobe Bus I Ajitha 31E 4/4 12/4 13/4 14/4
      317 words
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      Page 25 Advertisements Column 3
      860 25 Oil NOW 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 ***** PENANG P KELANG MESSRS HAI THONG SHIPPING 127 Penang Street. Penang. Malaysia M S HANDLING SYSTEM
      860 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      367 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 >30 Lines fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B DEUTF R ACHT/SEE RE EDE RE I RQSTOCK INTEGRATED FULL CONTAINER SERVICE •VIA COLOMBO Accepting cargo tor INDIA Bombay. Cochin. Madras Calcutta "VIA LARNACA Accepting
      367 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      168 26 Regional Weather m I tf n, I a m 7i ».v I 'A m EW SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. R Thunderstorm Temperature c X\ A Weather _X Wind direction with speed m knots Rom Wove height Cloudy Sky Surface winds ore indicated by orrows
      168 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      686 27 \CSP\ CSP SHIPPING AGENCIES PTE. LTD. Tel *****66 (16 Lines) Fax *****15 FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HONG KONfi, BANGKOK, P.KELANG, KEELUNG, KAOSHIUNG, MANILA, BOSAN, TOKYO/YOKOHAMA KOBE, OSAKA, FELIXSTOWE, HAMBORG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations. ACCEPTING FCL/LCL AND CONVENTIONAL: ZONECON CONTAINER LINE
      686 words
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      Page 27 Advertisements Column 2
      797 27 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. OO IRAQI LINK IMOi T AT| (NTfRPRISf (0« TRI«PO«' EAST BOUND SERVICE ETA S PORE LOADING FOR MV BABYLON 11/4 Jlpan (r iwia) WEST BOUND SERVICE ETA S PORE LOADING FOR MV ALFARABI 15/4 Jeddah Aqaba Baghdad THROUGH B/L» to BAGHDAD UPON REQUEST ALSO
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      362 28 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 lines) TLX RS ***** RS ***** It I \s I I K\ K I I\ I K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS SEKI MATSUYAMA 'Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN
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