The Business Times, 14 February 1989

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, FEBRUARY 14, 1989 75 CENTS
    11 words
  • 248 1 Dow Jones lower WALL STREET stocks declined in early trading. Brokers said selling followed concern about a prime rate rise and expectations that the Federal Reserve will tighten credit further. The Dow was off five points at 2281 and declining issues led gainers by over two-to-one. Trading
    248 words
  • 539 1  -  Extraordinary gain of $48m for Straits Steamship expected By ROSIE TAN STRAITS STEAMSHIP Co Ltd has set an issue price of $1.20 a share for the proposed listing of Steamers Maritime Holdings Ltd (Steamers), valuing the company at 16.7 times its
    539 words
  • 120 1 THE US DOLLAR closed easier in Tokyo yesterday against major currencies after its surge in currency markets last Friday on the back of rising US interest rates. The dollar ended at 128.30 Japanese yen and 1.8705 West German marks against Friday's New York close
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  • 283 1 WALL STREET'S 37-point drop last Friday amid a half-point rise in US interest rates sparked off a wave of selling in regional markets yesterday. In Singapore, prices slipped from the outset as nervous operators took profits. Tokyo's 146.67-point fall caused further selling in the
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  • 344 1 AP PROSECUTORS investigating a stock trading scandal that has rocked Japanese politics arrested four people on Monday, including the founder of the company at the scandal's centre. Meanwhile, after a key weekend election victory attributed in part to public disgust over the scandal.
    AP  -  344 words
  • 134 1 AFP JAPANESE Prime Minister Noboru Takeshita refused yesterday to resign after his ruling Liberal-Demo-cratic Party (LDP) lost a key parliamentary by-elec-tion. The Sunday Upper House of Councillors election was seen as a critical test for Mr Takeshita. The result was directly attributed to
    AFP  -  134 words
  • 369 1  -  By JOHN TAN FINANCIAL SUPPORT and a training centre are among the plans the Economic Development Board has lined up to encourage more automation in factories to reduce Singapore's dependence on foreign labour. With these plans, the EDB hopes to raise the productivity
    369 words
  • 200 1 SINGAPORE'S first Isrge seals international exhibition and conference on industrial automation will be held in May next year. The four-day Asia-Pacific Industrial Automation Exhibition and Conference (lA'9O), from May 23, will feature the latest applications in sutomation technology. To be held biennially, the exhibition'a
    200 words
  • Page 1 Advertisements
    • 165 1 Niko The World s Finest Photographic Syste Beef is Boss atJackjs What makes Jack's Place one of Singapore's favourite Restaurants It's not only our ambience, the friendly service and the affordable prices. It's because we serve our famous mouth-watering, tender, juicy steaks just the way you like it, everytime. Be
      165 words
    • 268 1 Full report, PAGE 16 Regional Mkts, PAGE 18 Tradewinds, the airline TRADEWINDS is more familiar as a holiday tour package wholesaler. It now also has the means of getting holidaymakers there. Market analysts are bullish about the new carrier, a subsidiary of Singapore Airlines. But just a few days ago,
      268 words
    • 32 1 Straits Steamship aftsr-tsx pfoilts up Mpc, PAQE IS mu/f de Cartier Boutique/ SINGAPORE 01 36 Lucky Plaza. 304 Orchid Road Tel: *****27 #01 -04. Hilton Shoppng Galery, 581, Orchard Road. Tel: *****95
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    • 6 1 Nikon The World's Finest Photographic System.
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  • HOME NEWS
    • 508 2  -  ttCodak J By SHOEB KAGDA AMERICAN photographic film giant Eastman Kodak haa set up a regional training centre in Singapore to bolster its after sales services for the Asian region. Kodak, said regional director Gordon Moore, would spend l)S$1 million on the centre over the
      508 words
    • 129 2 THE MINISTER of Trade and Investment of the Canadian province of Saskatchewan, Mr Bob Andrew, arrives in Singapore today for s three-day visit. The minister is here to explore opportunities for further expansion of trade, and to strengthen ties between the province and Singapore. During his
      129 words
    • 345 2 SINGAPORE TELECOM will be one of 31 investors taking part in a new $740 million, trans-Pacific optical fibre submarine cable. The investors, from 18 countries, will sign the provisional agreement in Hawaii later next month, one of the participants said in Tokyo yesterday.
      345 words
    • 311 2  -  By TAN KEE WEE MORE SINGAPOREANS are finding Austrslia to be an attractive place to visit, with the number visiting Australia increaaing by some 15 to 20 per cent s year in the last few years. This growing
      311 words
    • 278 2 THOUGH Kashmir offers the visitor a "total" experience, only 1,000 out of 27,000 Singaporeans who toured India last year went to Kashmir, it was disclosed here yesterday. Tourism officials accompanying the Indian state's chief minister, Dr Farooq Abdullah, on a promotional visit
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    • 269 2 THE OFFICE of lawyer Francis Seow haa been served with a writ of seizure and sale for nonpayment of income tax fines. Seow's son, Ashleigh, said yesterday that a court bailiff took possession of the assets of Seow Frsncis T Advocates Solicitors, located
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    • 102 2 MR HERMAN R HOCHSTADT is a director of Singapore Reinsurance Corporation Ltd and not executive chairman as reported by BT on Feb 3. The chairman of Singapore Re is Mr Hwang Soo Jin. In another report, "New Accountants Act expected to be in force within a few
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    • 208 2 TOP DEFENCE PLANNERS from the armed forces of Pacific Basin countries are set to convene next month at Singapore's first arms exhibition, Defence Asia '89. The four-day exhibition, from March 22 to 25 at the World Trade Centre, will bring together impressive teams of
      208 words
  • Page 2 Advertisements
    • 253 2 The First Laptop That Leaves Nothing Behind. Except This. U f 'rf. T Wk E COMPAQ SLT/2H6 The new COMPAQ SLT/286 Personal Computer is the first laptop to fit all the power of a desktop into such a small, portable package. And do it all on battery power. So even
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  • TECHNOLOGY
    • 883 3  -  (?(!> By Jeffrey Tsang DESKTOP PUBLISHING. For most, it is impossible to distinguish between this new buzzword in the PC world from the old buzzword, word processing. Which is a great pity. For each day, we are the targets of thousands
      883 words
    • 186 3 MITSUBISHI Heavy Industries Corp last month unveiled what it called an optical loudspeaker, which uses distortions in a beam of light rather than the traditional speaker diaphragm to produce sound. The new system, named "Arc Sound", is based on an arc of light of variable thickness
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    • 667 3  -  S'pore unit contributes 30pc to Applied Magnetics Corp's global sales By ZHOU MEI SALES of magnetic heads produced by Applied Magnetics Singapore soared to US$B5 million during fiscal year 1988 which ended on Sep 30 last year. This is a growth rate of more
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    • 1031 3 NYT PERSONAL COMPUTER USERS who have been thinking of upgrading to a more sophisticated machine should take note: the clone war between IBM and the rebel coalition of computer makers is far from over. IBM's PS/2 line of personal computers and
      NYT  -  1,031 words
  • Page 3 Advertisements
    • 92 3 (K\S'IKI<X(WKIS Specialists in Fine Hand-knotted Carpets Wednesday. February 15.1989 Grand Ballroom Hilton International Singapore Viewing cocktails: 4pm 7pm Auction Sale: 7pm 830pm Auctioneers Cheong Koon Seng (CKS) Auctioneers Valuers Pte Ltd R«? ><•?<«? L/C. mm J' tmr Showroom: #03-28 Raffles City Shopping Centre Tel: *****35/*****68 DO YOU HAVE AN EYE
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    • 196 3 A HOME NOTA HOTEL There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or family
      196 words

  • ASIA – PACIFIC
    • 411 4 No recognition given to Hanoi-installed regime AFP THAILAND'S Prime Minister Chatichai Choonhavan has rejected accusations by Cambodian resistance leader Prince Norodom Sihanouk that Phnom Penh Premier Hun Sen's recent visit to Bangkok had helped legitimise the pro-Vietnamese regime in Cambodia. Mr Chatichai, telling journalists yesterday that
      AFP  -  411 words
    • 80 4 AFP LAOS is to receive a US$4million grant from Japan for the construction of a terminal and vehicle repair plant for govern-ment-run buses in Vientiane, official Laotian radio said on Sunday. The aid will also be used to fit out the plant and renovate a
      AFP  -  80 words
    • 231 4 AFP VIETNAMESE Foreign Minister Nguyen Co Thach has expressed high hopes that the upcoming second regional informal meeting on Cambodia in Jakarta will be able to produce significant results, the leading Indonesian Kompas daily said on Monday. Mr Thach said in an
      AFP  -  231 words
    • 334 4 AFP THAILAND and Burma are considering building a bridge at a crucial border trading point near rebel-held territories. The bridge over the Moel River at Mae Sot. in Tak province would be part of a plan to increase official trade in
      AFP  -  334 words
    • 354 4 NYT THE KHMER ROUGE is earning tens of thousands of dollars a week by selling passee to people who want to mine rubies in areas it controls inside Cambodia, according to numerous Cambodians interviewed in the Site 2 refugee camp just inside Thailand. Several thousand
      NYT  -  354 words
    • 175 4 AFP THE Indonesian ruling government party, Golkar, will not dissociate itself from the military, the official Antara news agency said on Monday, quoting party leader Wahono. "For Golkar, turning independent does not mean a dissociation or fragmentation of a stable alliance to give riae
      AFP  -  175 words
    • 189 4 Bernama MALAYSIA and Papua New Guinea will be negotiating an investment guarantee agreement (IQA) in Port Moreeby on Thursday, the Ministry of Trade and Industry said in Kuala Lumpur yeaterday. The Malaysian delegation will be led by ministry aecretary-general, Datuk Ahmad Sarji Abdul Hamid.
      Bernama  -  189 words
    • 347 4 AFP JAPAN has introduced a controversial new curriculum for elementary and secondary schools which many intellectuals fear could lead to a revival of militariam and damage relations with neighbouring countries. Among the new guidelines are items that make singing the 'kimigayct' (national anthem) and hoisting
      AFP  -  347 words
    • 238 4 AFP THE AFGHAN government is expecting a major rebel offensive on the eastern town of Jalalabad and has not ruled out an attack on Kabul airport during the final days of the Soviet pullout. sources said. The outskirts of Jalalabad, the capital of Nangarhar
      AFP  -  238 words
    • 883 4 ARRIVALS Operator Service Local From number rim* MA •1421 1130 •WN QFA QF72 1135 HOC StA SQ201 1145 CGK GU GA940 1150 mas SIA SQ191 1155 FEN THA TG403 1155 BKK THA TG407 1205 8KK/HDY GU GA900 1210 FKU MAS MH641 1230 KGH SU SQ203 1300 CGK
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  • Page 4 Advertisements
    • 330 4 Banque Asia '89 ELECTRONIC BANKING INTERNATIONAL TRADE 6th international exhibition/conference programme on electronic banking services RAFFLES CITY CONVENTION CENTRE mil' 90S **********1 l iiih ii isrmm Hum iiniii Hill ********************************************* l IHtl lIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII lii!!,!!:!:?! in" IIM" Technology and the m Future Bank t\ Technofalrs Corporation Pte Ltd JUNE 6-9, 1989
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    • 39 4 The buu nc» penon'i choke every Tuesday. Thursday, Saturday and Sunday. Leaving Changi Airport at 12:05 houn and arriving Heathrow early the following morning. Cill ve>u r Travel Agent or Air Cvudi Jt 7)2t555. A BREATH OF FRESH AIR
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  • Page 4 Miscellaneous
    • 50 4 Doonesbury A t: r 7 i BY GARRY TRUDEAU UH-HUH. J. J., DO YOU KNOW WHAT WKB MAS JUST IEUJNG MB* HEMASTBLUN6MBHOM MUCH HE TRUSTEP YOU! tS THIS HOWmjKEfW HIM* N0... N0... I wQ FBELSO ASHAMBP... /ME, 700 BUTIUOVt THE ONB WHERE SHE TFJBSIO P£SCJ*J BE H/SNOSe! A CLASSIC. Si
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  • REST OF THE WORLD
    • 485 5 NYT A RECENT SURVEY of more than 1,200 small- to mid-sized US high-technology companies points to significant interest in European investment as the 1992 deadline for an integrated market approaches. The survey, conducted last month by Bank of Boston Corp, showed that
      NYT  -  485 words
    • 298 5 AP THE UNITED NATIONS Security Council will approve this week fewer peacekeepers for Namibia's independence than black African nations had sought, say UN officials and diplomats. After weeks of lobbying for full deployment of 7,500 peacekeepers as envisaged in a 1978
      AP  -  298 words
    • 391 5 Reuter ALL FIVE Central American presidents are meeting at the Pacific resort of Costa Del Sol in El Salvador, beginning yesterday, to try to revitalise a regional peace plan with elements of the plan still in dispute. The foreign ministers of
      Reuter  -  391 words
    • 146 5 AP HIGH-ALTITUDE WINDS forced a postponement on Sunday of the launch of the US Air Force's new Delta 2 space rocket with an advanced navigation satellite. The postponement was announced just 13 minutes before the planned lift-off, after balloon data showed that shear winds
      AP  -  146 words
    • 124 5 AFP A WINDOW on a supersonic Concorde passenger jet cracked on Sunday in mid-flight over the Atlantic Ocean, forcing the pilot to make a steep dive before returning to Paris. Air France officials said in Paris yesterday that the plane, about half- way through a
      AFP  -  124 words
    • 377 5 AP MAJOR US steel companies are spending millions of dollars to try to support allegations of unfair trading practices by leading steel-exporting nations. It's all part of a campaign by the US steel industry to win an extension of a series
      AP  -  377 words
    • 455 5 US and EC still far apart on long-term commitment Reuter MAJOR agricultural producers will discuss farm subsidies at informal Gatt negotiations this week but officials did not expect an early resolution of a row on the issue between the United States and the
      Reuter  -  455 words
    • 380 5 Reuter US SECRETARY of State James Baker, seeking to define Bonn's views on the disputed modernisation of Nato nuclear missiles, had a "good discussion'' with German Foreign Minister HansDietrich Genscher on the issue, US officisls said. Mr Baker told Mr Genscher in Bonn on
      Reuter  -  380 words
    • 442 5 AP KING HUSSEIN of Jordan said on Sunday that Soviet Foreign Minister Eduard Shevardnadze will visit Jordan next week, evidence of an increasing Soviet role in the Middle East conflict. In an Interview with Japanese reporters in Amman, Jordan, King Hussein said the Soviet
      AP  -  442 words
    • 190 5 AP DESPITE having two nuclear powers. Western Europe could never defend itself without the United Statea, Nato SecretaryGeneral Manfred Woemer said in a radio interview on Sunday. Mr Woemer, during a phonein programme on the Brltiah Broadcasting Corp's "This Is Your World",
      AP  -  190 words
  • Page 5 Advertisements
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      77 words
    • 130 5 Haute Cuisine Shanghai... w />. w** f m > Vir, Now, you can savour the culinary treasures of Shanghai served with Continental panache at Goodwood Park's new CHANG JIANG SHANGHAI RESTAURANT. Here, your exquisite meal will start with complimentary aperitifs and a dainty appetiser. The authentic Shanghainese dishes, both in
      130 words
  • Page 5 Miscellaneous
    • 43 5 W) Singapore OUTLOOK: Fair. Roport for 24 hour* prior to 7.30pm on Fob 13 at ftofny amy Mo mft 0 Now DoM Now York Rio 'Janolro Romo San Frit'co San iwan Soortago Soo Powto Stovl Sydnoy Tolpoi Tokyo Toronto Vancowvor Wonno Wo now
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  • MONEY AND EXCHANGES
    • 1693 6 SINGAPORE: INTEREST rate expectation continue to underpin the US dollar, after laat Friday's announcement of a 1 per cent rise in US Jan PPI and the release of the December FOMC minutes indicating the Fed would tighten monetary policy. However, after Friday's bloodbath, many were content to trade
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    • 182 6 MhTraSa el 12 na|or banks In t'por* r Interbank market ri itat (offer/bid) on Fab 13 us$ DM $WK Ym 7 4my» 1/4 13 7/S US/4 «-S7/l jj/i-ji/a 4 3/1* 1/1* 1 mm */U 7/1* is i/u ia is/i* 3/1* 1/1* J 3/4 3 S/3 4 3/a
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    • 1374 6 CURRENCY FUTURES OPTIONS Monday, Fob 13, 1989 DEUTI BCHEMARK (SMNEX) Mm MMM Mgk Lot MM OOpaM Lot S6« SI S3 53 54 55 M 57 S9 1 1 1 1 1 1 1 II 1 07 35 12 4 a CAS 76 271 736 1400 2406 a 0 39
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    • 256 6 IMM currency futures settled lower end near the bottom end of session ranges last Friday. Contracts reversed an early advance after bullish dollar sentiment resurfaced on news of an unexpected one per cent surge in January US producer prices. The data sparked talk that the Federal Reserve might hike
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    • 116 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity KID OfFER HIGH LOW 3 months BQ*****N 11.05.89 3.82 3.47 3.48 3.43 6 months BY*****S 20.07.89 3.65 3.60 3.62 3.55 1 year BY*****H 23.11.89 3.88 3.83 3.87 3.77 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      116 words
    • 62 6 THE OVERNIGHT rate on the Singapore money market rose by 1/4 point to close at 5% per cent yesterday while short term rates rose 1/16 scross the board. S$ Interbank rates at the dose yesterday: OffW MO OrmMg» SI/4 3 Innonrti S 3/t S 1/4 S 3/t S
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    • 276 6 Asian dollar deposit rates closed higher yesterday in thin trading. Dealers attributed the firmer trend to a continued high US Federal funds rate, a one pet rise in January producer prices and a half-point rise in US prime lending rates. Among short-dates. Monday/Tuesday rate ended at 9-3/8
      276 words
    • 490 6 MARCH Eurodollar futures opened 11 ticks lower than Friday s Simex close at 90.20 following a hiflher than expected 1.0 per cent rise in US January producer prices index, a half point hike in US prime lending rate which rekindled talks of an imminent discount rates increase. Prices edged
      490 words
  • Page 6 Advertisements
    • 95 6 Move here and be seen in the right place. Tuan Sing Towers, 30 Robinson Road Self-contained 4-storcy Podium Block 23,000 sq. ft. including 3,724 sq. ft. banking hall To lease as a whole or in floors Prime location straddling Robinson Road/Market Street Highly visible double frontage Prominent signage for ground
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  • BANKING AND FINANCE
    • TAKING COVER
      • 736 7  -  By PAUL FRANKLAND Mr Frank/and is the Singapore branch manager for Commercial Union Assurance, one of the Republic's largest insurance companies. He is also a management-committee member of Singapore's General Insurance Association. His views do not necessary reflect those of Commercial Union or of the
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    • 267 7 Bernama THE INDONESIAN immigration authorities said yesterday that the fugitive Bank Negara clerk, Harun Othman, who escaped from their custody recently, is expected to be re-arrested soon. Immigration chief public relations officer Drs Hamsuk Widjaja said the authorities knew all his hide-outs and
      Bernama  -  267 words
    • 167 7 INDONESIA expects about the same amount of foreign aid in the fiscal year starting April as the US$4.Ol billion in soft loans and grants it received in 1988/89, Finance Minister Johannes Sumarlin said. He said Indonesia would also keep trying to improve conditions
      167 words
    • 318 7 Bernama THE OUTLOOK for the Malaysian ringgit will depend on the strength of the US dollar and the interest differential between domestic and US interest rstes, Bank Buruh said. In its February issue of "Money Letter", the bank said the dollar had
      Bernama  -  318 words
    • 475 7 NYT FURTHER increases in short-term interest rates in the US are viewed as inevitable by credit market participants there, but analysts say that big additional increases are not necessary to achieve one of the Federal Reserve's primary objectives: slower economic growth.
      NYT  -  475 words
  • Page 7 Advertisements
    • 233 7 Good ideas keep coining up Get all the performance of a desktop wherever business takesyou. -i S• v.-. *4* >; Vm 3H •r *>5 228 v' -v-; up»«v v\evAt\% IBM PC/XT* compatibility W For a wide choice of software options. Hi m spreadsheets. ff N Expandable internal memory and system
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  • COMMODITIES
    • 451 8 Bernama THE MALAYSIAN government has introduced new guidelines for issuing licences to latex concentrate processing factories in order to curb excessive production. Primary Industries Minister Datuk Or Lim Keng Yaik said this on Sunday when opening the Pan Malaysian Rubber Sdn
      Bernama  -  451 words
    • 377 8 SINGAPORE: Rubber prices ended steady yesterday with March 1 RSS buyer quoted at 211.00 cents a Kg, unchanged from Friday's close. Brokers said prices lost 2.50 cents in thin morning trade on light speculative selling. But values firmed in the afternoon on some buying support On the TSR-20 Award
      377 words
    • 77 8 (canti/kg) MARCH 1989 APRIL 1989 (currant month) (forward month) RAS NOON NOON fc/yan Saltan Ivyan Saltan SSt 20 191.00 193.00N 191.00 193.00N S» 50 189.00 191.00N 189.00 191.00N MRELB Ivytn Saltan Buyan 5«lUri SMt CV 316.50 318. SON 318.50 320J0N SMt L 315.00 317.00N 317.00 319.00N SMI
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    • 279 8 RAS prices In 8 cmMo, FOB in bate NOON CLOSE Bwyors Sailors Buyers Seller* Int 1 RSS Prompt 208.00 209.00N 210.00 211.00 Int 1 RSS Mar 89 209.00 210.00N 211.00 212.00 Int 1 RSS Apr 211.00 212.00N 213.00 214.00 h* 2 RSS OP 199.00 201.00N 201.00 203.00N
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    • 420 8 Bernama THE Malaysian Rubber Development Corporation Bhd (Mardec) and Yokohama Rubber Co Ltd of Japan have set up a joint venture company called Mardec-Yokohama Fertiliser Corporation Sdn Bhd (Myfec) to manufacture and sell fertiliser using rubber serum. Speaking
      Bernama  -  420 words
    • 107 8 Oana/Pna THE PHILIPPINE Coconut Authority (PCA) has expressed alarm over the indiscriminate felling of coconut trees for lumber. PCA administrator Leandro Garcia said the rampant cutting of coconut trees, if not controlled, would affect the coun- try's coconut production and copra exports. Increasing demand
      Oana/Pna  -  107 words
    • 345 8 Reuter MALAYSIAN crude palm oil Murea held steady in thin trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said the steadier market was due to reports that Iran had indicated its willingness to raise its import of palm oil. India's state trading corp which bought 6,000 tonnes
      Reuter  -  345 words
    • 199 8 Reuter STRONG short-covering mainly from Europe enabled the Kuala Lumpur Tin Market (KLTM) price to hit a new 35-month high of M 520.96 a kg, yesterday up 15 cents from Friday'a close, brokers said. "We are surprised to see a substantial rise today and the price is likely
      Reuter  -  199 words
    • 511 8 Bernama THE MALAYSIAN palm oil message to Americans in four major American dailies has caught the attention of other major media, creating a ripple of discussions on an otherwise "unknown oil" from "some tropical country." American reporters who may not
      Bernama  -  511 words
    • 194 8 Chinese Produce Exchange SoMon' noon dodng prieo* Fob <3 (SS/100 kg) on Coconut oil Mi FOB 108 00 Old drvm FOB 110.00 Now drum FOB 122.00 Copra Mlxod (looto) 64.00 nMtfi Pepper Muntok whMo FOB NIW 735.00 Sarawak wWto FOB foq NIW 725.00 Sarawak tpodal black FOt NLW
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    • 441 8 Bernama COCOA producers and economists in Jakarta have urged Indonesia not to join the International Cocoa Organisation (ICCO) which is considering various regulations seen as being disadvantageous to the country. They called on the government to be firm in rejecting the lobbying by certain
      Bernama  -  441 words
    • 148 8 Telerate FUEL oil prices were little changed from last week. Traders said current levels were expected to slip lower in the short term on the back of ample prompt availabilities in Singapore. Little demand was expected from Japanese end-users until March as stock levels were sufficient
      Telerate  -  148 words
    • 327 8 HONGKONG: Gold closed marginally easier in thin, slow trade yesterday. Bullion ended at U*****.80/387 30 an ounce against an initial U*****.10/80. It closed below Saturday's 387.00/40 finish here and New York's 387.00/50 Friday close. On the local market, gold fell HK$2 to end at HK53,608 a tael. Coins
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  • Page 8 Advertisements
    • 33 8 NOTICE OF REMOVAL Please be informed that with immediate effect our New Address will be:ALTON INTERNATIONAL (S) PTE. LTD. 95, TAGORE LANE SINGAPORE 2678 A Our Telephone/ Telex/ Fax Numbers remain unchanged. r
      33 words
    • 169 8 AUSTRALIA AN OPPORTUNITY OF A LIFETIME BUSINESS/ INVESTMENT SEMINARS Australia is looking for a special type of person to open up a lifetime of opportunity. They must possess a track record of business success and must make a substantial financial investment in Australia. If you are such a person then
      169 words

  • FOCUS
    • 2113 9  -  By JOHN PLENDER FT "If you see a banker jump out of the window, jump after him there's sure to be a profit in it" SO SAID the 18th Century French philosopher, playwright and satirist Voltaire. It is a witty little injunction that
      FT  -  2,113 words
    • 791 9  -  By ALICE RAWSTHORN OSTENSIBLY, the worlds of high fashion and high finance are as far apart as can be. Yet recently, the two worlds collided when the Midland Bank became a significant shareholder in Lanvin, one of the oldest fashion houses
      791 words
  • Page 9 Advertisements
    • 310 9 ,M t it is Orchard# Road < -itt v« $£JS#*2 f« >V i';' it- £;•"> v Jfcs»V i' "r V <• Celebrate love in the heart of Orchard Road. Make it a Valentine's Day you'll never forget. At the Crown Prince Hotel. In the very heart of exciting, colourful Orchard
      310 words

  • PERSPECTIVE
    • 490 10 CONSIDERED as a law-and-order problem created by members of a cult, the incident in South Sumatra last week was a passing one. The Kommando Mujahidin Fisabillilah, or Holy War Command of the Warriors of God, is an obscure cult with only about 200 to 300 members. On
      490 words
    • 1875 10  -  Things are changing at Tradewinds, the SI A subsidiary and the island's largest package tour wholesaler. It begins its transformation into a scheduled carrier tomorrow, when it takes delivery of a new McDonnell Douglas MD-87 jetliner. Scheduled flights to five new Asean holiday destinations begin next
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    • 546 11 China spent US$l5O million on opening a record 168 businesses abroad last year. The investment is varied. But at home, it is trying to reassert control over a chaotic economy. Reuters CHINA'S investment abroad is booming from restaurants in Africa to a proposed
      Reuters  -  546 words
    • 774 11 AP THE TEEMING STREETS and apartment blocks jammed one against the other suggest the last thing this tiny British colony needs is more people. But employers insist they have tens of thousands of jobs waiting to be filled with nobody to do
      AP  -  774 words
    • REGIONAL VIEWPOINTS
      • 318 11 Our weekly summary of what regional publication* have to say about leeuee of International intoreat AFGHANISTAN "THE WITHDRAWAL of Soviet troops from Afghanistan (scheduled to be completed by Feb 15) can be seen as a major milestone for the Mujahideen in their decade-long struggle for freedom
        318 words
      • 573 11 UNITED STATES "WHETHER OR NOT the new United States President, Mr George Bush, can re-direct American priorities away from the Atlantic Ocean and Europe and provide the "Asia tilt" to his administration's policies that will lead at last to the ushering in of the
        573 words
      • 390 11 USSR-CHINA "BOTH CHINA and the Soviet Union have been hard at work to bridge the great divide that has kept these two communist giants apart for nearly three decades. Chinese Foreign Minister Qian Qichen visited Moscow early last December, the first Chinese Foreign Minister to
        390 words
      • 111 11 SOUTH AFRICA "THERE IS LITTLE DOUBT that if effective sanctions can be imposed on South Africa, the country will reverse its abhorrent apartheid policy which perpetuates supremacy of an estimated four million whites over 18 million blacks and other races. While virtually the
        111 words
    • 614 11  -  By ALAN FRAM AP THE UNVEILING of President George Bush's 1990 spending plsn focuses the budget spotlight on the coming fiscal year just ss the deficit figures for this yesr sre getting more and more embarrassing. The imbalance is not only expanding
      AP  -  614 words
  • Page 10 Advertisements
    • 275 10 SINGAPORE BUSINESS rv■*£V SQ t ho nu»* ueez^ g out <> f >; ouV the \>a» oi X H 7 W AN OFFER YOU CANNOT REFUSE! JANUARY WINNER: EDDIE LIM HUNG HUAT IC No: *****61/G Two more computer sets to be won one each in February and March '89 THE
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  • Page 10 Miscellaneous
    • 28 10 BftiStcWißanfr Pirfr»n6 9^3 STfeRT&D IOORK IN TMC £>UWit^G OF IMC ffeRRV AN J- JUPOffeD UP Oe.- E-GOTisTiCBL 8 slob seems ru, 6C IOORKiisG U>ith R CHBP NRm&D JOrtE-5...
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  • Page 11 Advertisements
    • 66 11 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 all-round executive cannot afford to miss Sewy's golf date every Tuesday. After
      66 words

  • LEISURE
    • 736 12 CINEMA Reuter IT TOOK 26 years, but they finally got it right. Lawrence of Arabia, Sir David Lean's epic masterpiece, has endured countless indignities dating back to its 1962 cinema release, including drastic editing and some television presentations that lopped off more than half
      Reuter  -  736 words
    • 903 13 MONARCHIES AP ON A CONTINENT where kings once were revered as gods, Asia's six surviving monarchies include a diverse clutch of modernising kings and a sultan who wields absolute power. King Bhumibol Adulyadej of Thailand, the world's longest reigning monarch since the death of
      AP  -  903 words
    • 642 13 TOY INDUSTRY AP TOYMAKERS will vie for attention at the yearly United States toy exhibition, which opened yesterday in New York, throwing festive welcomes for their latest creations in what for them is a very serious game of moneymaking. About 1,100 companies from the US,
      AP  -  642 words
  • Page 12 Advertisements
    • 1226 12 H Where to entertain... Where to entertain... Where to entertain... Where to ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OK MAIN (XX'RSKS. For between $26++ and $40+ f you can select from our appetiser OKILL buffet including seafood, smoked salmon
      1,226 words
    • 388 12 The cTVlaestro of the is back, J Jimmy Chan returns You will be delighted to know Jimmy Chan is back at the Mezzanine Lounge with more sentimental evergreens. From 8.00 pm to 1.00 am. But before that, from 3.00 pm 7.00 pm. allow Anne Koh to soothe tired nerves with
      388 words

  • Page 13 Advertisements
    • 178 13 entertain.... A I mf a Wi There's a cafe on a lush, green hi 11... where you can take a break. Meet friends. Relax Make choices from the delightful international cuisine and Asian favourites. Prawn Mee. Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice And much more. At Cafe in
      178 words
  • Page 13 Miscellaneous
    • 658 13 CRYPTIC PUZZLE ACROSS 3 The order used in some dictionaries (5) 8 Essential to statistics? (5) 10 Mother embraced by a barbarian or anybody (5) 11 Brown Cat? Maybe ginger (3) 12 Atkinson's tree? (5) 13 Wave of destruction? (7) 15 Send for a new timer (5) 18 Half a
      658 words
    • 1384 13 TV and RADIO Mother-and-daughter team V •J I f- f vast OUR CHOICE ALL AT NO 20, Channel 12, 7.25pm Those who love mother-daughter themes will welcome All at No 20. The man of the family dies without providing for Sheila and 20-year-old Monica. Instead of simply selling their happy
      1,384 words

  • SPORTS
    • 459 14  -  TENNIS By WALTON MORAIS TENNIS PROMOTERS Australian Sports Marketing has appealed to the Singapore Lawn Tennis Association, as the guardian of legitimate tennis, to help postpone the John McEnroe-Bjorn Borg exhibition tennis match scheduled for April. ASM is concerned that the exhibition match, scheduled
      459 words
    • 315 14 SKIING AP ALBERTO TOMBA, the self-styled ski "messlah" who had proclaimed another year of wonders, missed his last chance of winning a medal at the World Alpine Ski Championships on Sunday when he went sprawling into the snow. The bombastic 22-year-old from Bologna,
      AP  -  315 words
    • 308 14 AP IVAN LENDL survived a rocky start and a close finish in a baseline battle with Brad Gilbert on Sunday to claim a 6-2, 7-6 (7-3) victory and the U*****,000 Volvo tennis tournament title. The world's top-ranked player came in against Gilbert after staving
      AP  -  308 words
    • 154 14 SKATING AP CHRIS BOWMAN soared past Danny Doran in Sunday's free skate to win his first US Figure Skating Championship. Twenty one-year-old Bowman, a far superior free skater to Doran, hit six of his seven triple jumps and barely touched his hand to the
      AP  -  154 words
    • 386 14 BASKETBALL AFP LAST-MINUTE replacement Kareem Abdul-Jabbar finally hit a sky hook with just 14 seconds left in his last NBA all-star game to cement the West's 143-134 victory over the East on Sunday. A beautiful shot he made so simple for two
      AFP  -  386 words
    • 370 14 GOLF AP LARRY MOWRY made a five-foot par-saving putt on tha 18th hole on Sunday to adga Al Geiberger and Miller Barber by one stroke and win the 50th PGA Seniors Championship. Mowry, who posted a finalround 73, overcame a
      AP  -  370 words
    • 293 14 AFP GENE SAUERS, who took the load with a 12-foot birdie putt on the 17th hole, chipped In for another birdie on the 18th to win the weather-shortened Hawaiian Open golf tournament Sauers finished off with a fi-nal-round 66 for the second victory in
      AFP  -  293 words
    • 261 14 YACHTING UPI THE YACHT, Thursday s Child, sailed under the Golden Gate Bridge to cheers and cannon fire on Sunday, breaking the 135-year-old New York-to-San Francisco sailing record set by a Yankee clipper during the Gold Rush. The high-tech white yacht glided into the San
      UPI  -  261 words
    • 661 14 BONDS, LOANS WARRANTS Company Coop* Conversion ported MmP i i l i mMwrtty (%> poyaMe 4m CK Tang Wrti *****990 Anytime to Moy 31, 1990 1 warrant plus $225 cash. Chwon Hup Wrts 1991 Anytime on or after Mor 1967 1.6 warrants plus $1.60 cash until Doc 31. 1991. City
      661 words
  • Page 14 Miscellaneous

  • COMPANIES & STOCK MARKETS
    • 527 15 w mm™ HOCK LOCK SIEW THE YEAR of the Snake has started with a strong rally on the Singapore stock exchange, calming superstitious Chinese businessmen who regard the serpent as not very lucky. The local market's good show was in line with the
      HOCK LOCK SIEW  -  527 words
    • 555 15 THE Stock Exchange of Hongkong has formed a committee to study the development of a regional Pacific Rim stock market. Robert Fell, an adviser to the Hongkong exchange and the man behind the idea, envisions technology allowing for the
      555 words
    • 356 15 Bernama SHAREHOLDERS of UMW Holdings Bhd have approved the group's proposed disposal of its 35 per cent stake in Edaran Otomobil Nasional Sdn Bhd (EON). The proposed disposal of 2.8 million ordinary shares of Msl.oo each of EON held by Perusahaan Sepadu Sdn
      Bernama  -  356 words
    • 600 15  -  By FOO CHOY PENG Hongkong Correspondent AUSTRALIAN entrepreneur Alan Bond's plan to privatiae his Hongkong-listed vehicle haa, as expected, been rejected by minority shareholders at a meeting in Hongkong yesterday. His plan to buy out a 33.8 per cent stake in the
      600 words
    • 129 15 ALAN FC CHOE has been appointed to the board of Centrepoint Properties Ltd as director with effect from Feb 1. Mr Choe, 56. has considerable experience in both the public and private property sectors in Singapore. He is also the chairman of the Sentosa
      129 words
    • 366 15 ALLAN MG: Insider Trading Trial THE insider trading trial of prominent businessman Allan Ng resumed yesterday after a twomonth break with expert evidence from a former chairman of the Stock Exchange of Singapore called by the prosecution. Mr Ng Soo Peng, a merchant banker and former
      366 words
    • 584 15  -  By MAGDALENE NG STRAITS STEAMSHIP Co Ltd has turned in s group sfter-tax profit before extrsordinary items of $16.7 million, 64.1 per cent higher than the previous year's $9.07 million, on s turnover of $140.15 million ($131.29 million) for the year
      584 words
    • SES
      • 1120 16  -  By MICHELLE OH FOLLOWING Wall Street s sharp 37-point fall on Friday, the local stock market yesterday saw the Straits Times Industrial Index drop more than 16 points, its biggest fail in a single day this year. The ST Index
        1,120 words
      • 117 16 WEARNE BROTHERS LIMITED: 74th AGM at OCBC Centre, 66 Chulla Street #19-00, Singapore 0104, on Wednesday, Feb 22, at 10.30 am. THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD: 17th AGM at the Theatrette of the company, Balai Berita, 31 Jalan Riong, ***** Kuala Lumpur on Saturday, Feb 25,
        117 words
      • 312 16 Company RIGHTS ISSUE Berjayo Corpn One-for-ona $1.00 par per riiare C 1 Holdings 27 million loo* stocks in the ratio ot $3 loan stock tor every live ordtaory Causeway lev Aore inid issue of $7,232,937 noarfnal amount ol 6% loan Stock IW»/»4 on the bate of )l naming!
        312 words
      • 92 16 Company RIGHTS ISSUE General Corp $49,204.936 no ■tool mount of 8% Convartibta UttMcurvd loan Stock 1988/93 on bovt of |3 —hoi amount of loan itocks lor »»ary GCB thorw of |l aocfc or |2 nominal amount of OAS 1988/93 for awy >7 3D nominal amount of th« 1987/89
        92 words
      • 5852 16 Qr's Qr's 19® B/80 Tel Laet Vol Day Last O uole Dtv Dtv rw Net M Cop 8mll Mgh Low Cod* Company Sole OT(•000) mgn Low Buyer 1 loHof C*vr P/E FEB 13 SE3DAQ 187 114 t 4000 Amtek Eng 20* 136 unch 24 136 134 136
        5,852 words
    • KLSE
      • 3353 17 Bernama MBT THE Kusls Lumpur Stock Exchange finished lower in sctive trad I no yesterdsy with shsre prices tolling on si most every front. Brokers said sentiment wss depressed by the sharp 37-point decline on Wall Street on inflationary worries sfter s surge in producer prices
        Bernama; MBT  -  3,353 words
    • REGIONAL MARKETS
      • 621 18 Reuter BROKERS have shut up shop and share prices are still near 1987 crash lows on the Istanbul Stock Exchange but hope persists that the New Year boom in world equity markets will not pass Turkey by. Despite an average 37 per cent
        Reuter  -  621 words
      • 425 18 AP OKAMOTO INDUSTRIES Inc, Japan's leading condom maker with a 63 per cent market share, recently launched a US subsidiary in a bid for American customers. Hlsayuki NaJto, the 41-year-old general manager of Okamoto USA Inc. said Okamoto hopes
        AP  -  425 words
      • 430 18 AFP OFFICIALS of the smaller Makati Stock Exchange are opposed to a plan by the Securities Exchange Commission (SEC) to unify the Philippines' two stock exchanges. An official of the larger Maitila Stock Exchange said last week, however, that-lt had pressed for such a
        AFP  -  430 words
      • 574 18 Tokyo Reuter TOKYO share prices fell on a broad front yesterday to doee below 32,000 for the first time since last Tuesday on worries over the domestic political situation and overseas interest rates, brokers said. "The biggest worry is that the Diet may be dissolved. as well
        Reuter  -  574 words
      • 544 18 Australia Reuter A 37-POINT FALL on Wall Street last Friday sent shock wavee through an already shaky Australian share market yesterday, prompting its largest oneday fall since mid-Novem-ber, brokers said. "Even if we get good news, it will just neutralise rather than move this market upward," one
        Reuter  -  544 words
      • 1314 18 Hongkong HONGKONG share prices ended lower yesterday after interest-rate rises in the US and Hongkong dampened trading interest dealers said. The Hang Seng index tell 30.43 points to 3,153.73. The Hongkong Association of Banks raised the domestic prime rate a halt-point to 10.5 per cent
        1,314 words
      • 122 18 Reuter THE SECURITIES Exchange of Thailand Index tell 8.53 points to 435.78 yeeterday on a turnover of 11,015,035 shares worth 889.09 million baht. PU IS ■AWT Ao Kham Thai m Ayudhya ln»wtn»i K Bangkok Agro-lnd 10# -2 B«rtg«io<( Bink BanCOf Ayudhya Charoong Thai Wli ...an 366 ■a
        Reuter  -  122 words
      • 169 18 Reuter SEOUL'S stock market hit a one-month high yesterday as the market turned optimistic with buying sentiment centred on manufacturing and securities shares, brokers said. The composite index soared 10.19 points to 897.71 near the close, edging toward the 900mark last broken on Jan 14. Turnover was
        Reuter  -  169 words
      • 106 18 Reuter NEW ZEALAND share prices closed weaker on lower volume yesterday after a 37-point fall in the Dow Jones Industrial Average and the re-emer-gence of profit-takers. Brokers said the decline was expected and further weakness is likely in the next few days, although gazes will be
        Reuter  -  106 words
      • 102 18 Reuter THE PHILIPPINE stock market rally ran out of steam yesterday, with mining shares falling sharply in reflection of lower metals prices overseas. "The market was overbought and fell because of lower overseas gold and copper prices. There's also some concern about political stability before
        Reuter  -  102 words
      • 393 18 Reuter TAIWANESE share prices closed mixed in heevy trading yeeterdey as a mid-morning rally led by banking shares failed to attract general buying interest, dealers said. The weighted index dropped by 31.16 points to end st 6,480.12 points on turnover of NT$4B.4 billion, up from NT532.86 billion
        Reuter  -  393 words
      • 143 18 Reuter BOMBAY share prices fell sharply on a broad front on low volume yesterday, brokers said. Rumours that Prime Minister Rajiv Gandhi was planning a Cabinet reehuffle before unveiling a new state budget at the end of the month kept buyers away after the market opened steady.
        Reuter  -  143 words
    • INTERNATIONAL COMPANY NEWS
      • 861 19 NYT WHEN Aeroflot, the Soviet national airline, produced its equivalent of an annual report in Moscow last week, it projected the kind of performance for 1989 that would make a western investors heart leap: a profit, converted at the official exchange
        NYT  -  861 words
      • 168 19 AFP PORTUGUESE Prime Minister Anibai Cavaco Silva has suggested a new wave of privatisations in 1990-91 in fields ranging from telecommunications to insurance. In a statement made on Saturday, but released on Sunday, to his Social Democratic Party's National Council, Mr Cavaco Silva emphasised the
        AFP  -  168 words
      • 1336 19 Many avoiding major spending decisions NYT AFTER SEVERAL YEARS of higher and higher profits, corporations are beginning to share the wealth with stockholders. Dividend increases are climbing sharply this year as many blue-chip companies find themselves awash in cash. Last week, for example, the General
        NYT  -  1,336 words
      • 604 19 Reuter CLUB MEDITERRANEE would welcome more foreign stakes in the French leisure group to boost its public imsge worldwide, chairman Gilbert Trigano has said. "I have always believed that the Club's image was a universal one. This image is
        Reuter  -  604 words
      • 555 19 Reuter AMSTERDAM: Dutch share prices were sharply lower in subdued mid-session trading yesterday as lower overseas markets, a weaker bond market and tears of rising interest rates powered downward pressure on prices, dealers said. "We had to take a considerable step back. Fears that interest rates will
        Reuter  -  555 words
  • Page 15 Advertisements
    • 261 15 CURRENCY INVESTMENT AMI Kl( I \|'K| ss |f\\K TEL: 321 3333 Clambo lias bttn haM ovtr dm to praaaura on apaca BEFORE YOU CALL YOUR TRADITIONAL BANKER, THERE ARE SEVEN REASONS WHY YOU SHOULD CALL ON US. As one of the world's leading wholesale banks, LTCB offers a comprehensive array
      261 words




  • Page 19 Advertisements
    • 550 19 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF PATOU DE TRADING PTE LTD (Members' Voluntary Winding Up) At an extraordinary general meeting of the members of Patou De Trading Pte Ltd duly convened and held on 2 February 1969 at 865 Moantbatten Road
      550 words
    • 135 19 THE COMPANIES ACT CAP. SO CHENG NING CONSTRUCTION PRIVATE LIMITED (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 10 Anson Road. #13-12 International Plasa. Singapore 0307 on the 10th day of February, 1909. the special resolution ■st out
      135 words

  • 534 20  -  USs4o6m inflow in six months By TAN KEE WEE SINGAPORE became the world's eighth largest recipient of Japanese investments after US$4O6 million flowed into the Republic during a six-month period last year. But in percentage terms, the amount covering the April to September period last
    534 words
  • 294 20 THE NEW PRESIDENT of the Real Estate Developers Association of Singapore (Redas), Mr Kwek Leng Joo, yesterday urged developers and government agencies to take a longer term view in planning new projects. Making his maiden speech as head of Redas's
    294 words
  • 359 20 Bernama AFP VIETNAMESE Foreign Minister Nguyen Co Thach has described as "unrealistic" Asean's proposal to include the superpowers in future regional peace talks on Cambodia. "The time is running out and the solution is in sight. By September or in another seven
    Bernama; AFP  -  359 words
  • 319 20 Reuter SRI LANKA's bloody four-week parliamentary election campaign has ended with more than 300 dead, including 13 candidates for tomorrow's polls. In the worst incident of violence, Tamil militants shot and hacked to death 37 Sinhalese, including 20 children, in a village in
    Reuter  -  319 words
  • 173 20 AFP THE LEADER of Burma's ethnic Karen rebels has said his forces will oppose any attempt to move teak logs bought by Thai traders from the Burmese government through their territory. The Bangkok Post newspaper yesterday quoted Karen National Union (KNU)
    AFP  -  173 words
  • 88 20 SINGAPORE'S excellent telecommunications network is a strong incentive for MNCs to locate here. But how can the businessman exploit this technology? Can he tap it and convert it into dollars saved? Business Times, in a special survey on Feb 17 to commemorate Asia Telecom, a
    88 words
  • 195 20 Bernama THE MALAYSIAN Defence Ministry will give the navy and air force a new function and concept of safeguarding not just the country's waters but its marine economic resources as well. Defence Minister Tengku Ahmad Rithauddeen yesterday said concurrent with the
    Bernama  -  195 words
  • 105 20 AFP CHINA'S southern Guangdong province plans to use Hongkong's small but growing trade with the Soviet Union as a springboard to developing Sino-Soviet trade, a pro-Beijing newspaper reported yesterday. Ching Po Daily quoted Chinese sources as saying that only 18 enterprises in the provincial capital
    AFP  -  105 words
  • 294 20 Reuter A KEY MEETING of Afghan rebels which, it was hoped, would accelerate progress to peace in the country was delayed in Islamabad again yesterday as leaders continued to wrangle over fundamental differences. Rebel Mujahldeen sources said hopes for the consultative council, or Shura,
    Reuter  -  294 words
  • 282 20 THE INLAND Revenue Depsrtment has broadened the list of expenses si lowed to investment holding companies, in line with the government policy to boost Singapore's standing ss a fund management and financial centre. According to a release from the IRD yesterday, the
    282 words
  • 474 20  -  By JOHN THOMAS THE ASIAN Development Bank (AOB) has been urged by an offi-cially-commissioned panel of experts to take a more active role in fighting poverty and boost support to the private sector without losing emphasis on public sector financing. Describing the private sector
    474 words
  • 258 20 Reuter ASIA'S overcrowded cities will grow rapidly in the next decade, sharply increasing pressure on public services, housing and communications, the panel report for the ADB says. It also warns that rapid industrialisation and growth of cities is causing chronic pollution in
    Reuter  -  258 words
  • LATE FILE
    • 60 20 AP JAPAN'S trade surplus rose from year-earlier figures for the fifth consecutive month in January as low oil prices continued to keep down import costs, the Finance Ministry said yesterday. The surplus grew to U553.25 billion from US$3.O7 billion in January 1968, but waa well below
      AP  -  60 words
    • 58 20 Bernama THE NEW Umno in Malaysia had a membership of some 1,052,308 yesterday exactly a year after its formation following the de-registration of the United Malays National Organisation in early February last year. It secretarygeneral Datuk Mohamed Rahmat said thia represented 79.32 per cent
      Bernama  -  58 words
    • 39 20 Reuter MALAYSIAN police have smashed what they said waa one of the country's largest drug syndicates with the arrest of seven people and discovery of s hsroin processing laboratory on the outskirts of Kuala Lumpur.
      Reuter  -  39 words
    • 24 20 AFP Thai Prime Minister Chstichai Choonhavan arrived in Bandar Seri Begawan yesterday for a three-day visit to promote bilateral relatione.
      AFP  -  24 words
    • 45 20 Reuter SOUTH Korean riot police yesterday fought running battles with thousands of antiAmerican demonstrators in Seoul protesting against US trade pressures, the presence of American troops in the peninsula and President Bush's planned visit to Seoul on February 27. Reuter
      Reuter  -  45 words
    • 33 20 AFP THE Palestine Liberation Organisation has vowed to continue military attacks against Israel in spite of a warning from Washington that such operations could harm the new US-PLO dialogue.
      AFP  -  33 words
    • 60 20 UPI MUSLIM fundamentalists threatened nationwide demonstrations to protest against police handling of a riot at the US Cultural Centre in Islamabad that left five people dead. The incident began on Sunday when about 10,000 people demanded that America's Viking Books halt publishing the novel Satanic Verses
      UPI  -  60 words
  • 101 20 Reuter COMEX gold futures yesterday coasted to new 26-month lows on early selling carried from last Friday's setback on downbeat news that US banks had raised the prime rate to 11 per cent from 10-1/2 per cent. April gold lost US$3.9O at U*****.80 an ounce, nudging
    Reuter  -  101 words
  • Page 20 Advertisements
    • 176 20 Computerised investment research for the Stockmarket Investamatic enables Fundamental and Technical Analysis to be conducted on all stocks listed on the SES and KLSE Fast, versatile and comprehensive programs with high-resolution graphics enable you to monitor market trends and make timely investment decisions. Four fully-integrated modules to choose from for
      176 words
    • 10 20 Hanoi hopos for good results st Jokarts mooting, PAGE 4
      10 words
    • 52 20 Valentine Lunar New Year '89 On The Spot Lucky Dip With Every $30 Purchase Over 1 500 prizes to be WON!!! Value of prizes up to $600!!! A SetectioK r ke*H& Se OCeanect At Ob GENESIS CR YSTALS 1 Raffles PlaceOUß Centre (MRT Station) '01-01. *04-18. *04-19 SOlO 4 Tel:
      52 words

  • SHIPPING TIMES
    • 424 21  -  By G DURAIRAJ THE Malaysian Cabinet Committee on Shipping, which met yesterday to take a closer look at the container haulage industry, has asked the operators to present papers on the state of affairs of their operations within a week. All
      424 words
    • 286 21  -  By RAHITA ELIAS REGIONAL Container Lines has announced plans to offer a daily Bangkok/Singapore service with its partners sometime in the last quarter of 1969 or early 1990, following the delivery of two new "superfeeder" vessels. The Nsnta Bhum and Maha Bhum,
      286 words
    • 290 21 AFP ORIENT Overseas Container Line (OOCL) of Hongkong has agreed to pay a record of U552.56 million to the US government to settle charges that it was offering illegal rebates on trade between the United States and Pacific Rim countries. The company, without admitting
      AFP  -  290 words
    • PORT SIDES
      • 85 21 THE West India Transatlantic Steam Ship Line is raising the bunker adjustment factor to US$6 per freight ton from US$5 for east and west bound trade between Europe and the Caribbean from Feb 16. From the same date, the currency adjustment factor for trade between UK/Eire
        85 words
    • 165 22 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 AMRO (Straits/Australia): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd Lines
      165 words
    • 98 22 AP A CUBAN fishing boat sank after colliding with a Taiwanese vessel off Argentina, and all 86 crew members were rescued, Cuba's official news service Prensa Latina has reported. Prensa Latina quoted the assistant director of the state-run fishing company, Justo Coll, as saying that none of
      AP  -  98 words
    • 259 22 AFP THE tanker market remained depressed this week, with current Opec production insufficient to absorb the volume of available tonnage, London brokers E A Gibson said in their latest review. Owners' desire to obtain employment for vessels has resulted in accepting rates drastically lower than those ruling at
      AFP  -  259 words
    • 801 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 1/2 Alltrans IV 1 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow Lines IX 5 ASCI III 1 Balt-Conada line VII 4/5 Bait-Orient Line VII 2 Baltic Orient
      801 words
    • 273 22 Reuter NICARAGUA is considering digging a canal between the Atlantic and Pacific. If built, the 240 km canal could supplant the Panama Canal which is too narrow for supertankers, shipping experts say. The proposal, which would cost billions of dollars, comes at a
      Reuter  -  273 words
    • 376 23 Lloyd's List THE agreement which has controlled the insurance renewal terms of much of the world's shipping for the last 70 years is to end. The Joint Hull Committee which represents most marine underwriters in London haa decided to drop attempts to regulate
      Lloyd's List  -  376 words
    • 228 23 ITEL Corp is investing US$l5O million on building new containers this year. The world's leading container lessor more than doubled profits from operations to achieve US$65.B million last year, on the back of US$l.7 billion in revenues. Its share of the global leasing
      228 words
    • 1033 28 CHARTERING finished rather quietly on Friday with fresh grain fixing slow to develop on the influential Gulf to Continent and Japan routes, shipbrokers said. About 55,000 long tons of grain was reported to have been covered on a recently sold bulk carrier from the Gulf to Montoir at
      1,033 words
    • 2827 28 MUM Qtu Ha China Ocmk Shpg. Fab 11 LMI Mm>U Maarak LM*. FaO 18. Evar Oroop Ev.rgr.wv F.B H Larga Bay. Trtot. Faß '««PK). VIM. cto Marcura. CM OAllratomant ft 17 Ming Glory Ying Ming. Fat> It Standi*. ScanOuKM FM 20 Luo
      2,827 words
    • 1149 28 AT CONVENTIONAL WHARVES VnmI B«rih Arrival D«pariu« KEPPEL WHARVES Cowtioiwt 1 m? OiOAQldt 1502/1830 Too^uotong K29 ninnqmiR 1402/2300 Koto S«gor Qtnling K33 okxigsidR 1702/0(00 OB otoApPds 1402/2300 SMKM K34 okxiyd# I802/H00 Wofco*g K27 okM«9i«do 1502/2300 wycW*)' as otongud* 14 02/2300 Kotoftg Agottm Nwto 00 oioflfud* 1602/2300 ■CIS
      1,149 words
  • Page 21 Advertisements
    • 804 21 *!+`*'{^'`&/.,+;@)&\~<@'${:^{_+ jArdine shipping acmcies 200 Cantonnwnt Road #12-05 South pomt, Singapore 0201 "W" TM *****11 TELEX NO RS ***** majjjjkn terminal/cfs tm *****1s -220 l* I BOOKINGS Td *****34 23S Hi LXfiflrJ PESAKA jaroine shipping agencies son. bmo. MfctWMi PORT KELANG TEL *****18 Teie. No. MA3M77/MA3S7OI T-* I. 1-1 c:
      804 words
    • 39 21 mm NICARAGUA Is considerli>g digging a canal between the Atlantic and Pacific. Page II THE agreement which has controlled the insurance renewal terms of much of the world's shipping for the last 70 years Is to end. Page 111
      39 words
    • 711 21 IT TIMES STP Distributors MAERSK LINE eta tro MABCH6N M 8804 MARORETHE M MS LOCHS M MM LEOE M. 8804 LARS M MM LAURA M MM DESTINATIONS To Cilitorma-uS Gjil-uS Ai'jmt -Eait Canada A> Ai!#'S» r > lr-ar-ami n ll —mora MARCHEN M MAHORETME M LARS M LAURA M REQINA
      711 words

  • Page 22 Advertisements
    • 600 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HAMBURG I BREMERHAVEN ROTTERDAM/ ANTWERP P. KELANG SOUTHAMPTON I LARGS RAY 13/586 16/2 18/2 8/3 10/3 12/3 LONDON EXPRESS 04/587 23/2 25/2 15/3 17/3 IW3 20/3 rfntairn 02/508 1/3 20/3 23/3 HAMBURG EXPRESS 89/513 2/3 4/3 22/3 24/3 27/3 27/3 KURAMA MARU 90/514 6/3
      600 words
    • 18 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. yv^yy
      18 words
    • 874 22 I REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE PEN PKL SIN SOU ROT ANT NOR ASIA PEARL VM3I-3 16/2 17/2 22/2 19/3 21/3 23/3 NOR ASIA PRINCESS VKB-3 2/3 3/3 4/3 29/3 31/3 2/4 NORASIA SUSAN VHU-3 10 3 113 13/3 7/4 9>4 114 NOR ASIA SINGA V 8902 3
      874 words

  • Page 23 Advertisements
    • 1084 23 ET2 The Straits Steamship Group P&O Containers STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINER SERVICE TO UK/CONTINEN" CONTAINERSHIP SERVICES TO/FROM BAE Alto Acctpting Cargo Fort HjiMtatrf ta Co*tflteftn. Ajrhui. fiattMnturi. Mil—. Stoe*Hoi* I tiilti*— I* Atet*. Aeetwdim. OtJa. Iul< Zuricfi ►i—«hti»i ta In—i Souttnwig<un to til
      1,084 words
    • 782 23 The skys the Emit when you snp'lC'l "K" Line's Far East-Europe Container Service will be augmented by the replacement of three brand new 3400 TEU hi-speed containerehips. HUMBER BRIDGE, commissioned in December, 1988, will be followed by RHEIN BRIDGE and NORMANDIE BRIDGE in February and July 1989, respectively. The new
      782 words

  • Page 24 Advertisements
    • 457 24 IHSINOSE MARITIME PTE LTD DQ ISLAMIC REPUBLIC OF IRAN SHIPPING LINES fW.Vi ."TTTv" IRAN MCEAD PJL <7$ IRAN TAKMTI PJL 473 Sulfa port Loading forETA 1/2 BANDAR ABBAS ETA 11/2 BANDAR ABBAS hM KYOWA LINE hea MOTHER VSL S PORE HK LOAD FOR: KYOWA HIBISCUS V.35- 1/3 VILA, NMA, LTK,
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    • 1059 24 0 HANJIN SHIPPING CO., LTD. Fl't.l.V CONTAINERISED SERVICE TO EUROPE VIA SUEZ TO USA PACIFIC SOUTH WEST 1 HANJIN HASAN OW QUEEN'S WAV MIOCE TW CTBA 1* HANJIN OAKLAND IV T/SFORT UK HAUL MB FUS.— HANJIN KUNSAN I 11/2 FUJ. «l KOREAN WONIS tl W |FUS.KEE najum seoul hi KEI
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    • 969 24 EVERGREEN Full Contjmer Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GOVERN EVER CARDER EVER GROWTH EVER GRAND EVER GREET up sd SR w SR mm mm mm w M 2! US o?« o.<b am m» mm ma i 7/« am um mm am ,w ,<® :»i w M m w w
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  • Page 25 Advertisements
    • 950 25 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VOY SIN JKT JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE MA HAWK MA HAWK QOWA MA HAWK MA HAWK MA HAWK VESML MAJAPAHIT KOTA HAWAII KOT^MAWAH ROT/nScum KOTA MELATI SBY SAG in PI 15/2
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    • 549 25 l#Jk BEN LINE W CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT noil HAM rtUHN ROAM NAVM W MO U/l 110 U0 U0 U0 H0 BP 210 m ao an ao «0 ao vn ao an mo an vn an no n* w vt VI 'N *4 MM tZ* MM— M W
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    • 425 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAXIUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S. PANJANG/21W1 MATARAM/23W8 m ANTWERP RDAM/AOAM JB H'BURG/ BREMEN Fort SaM. Port Alexandria, Genoa. Triaole. ALSO ACCEPTING BOTH CONTAINERS CONVENTIONAL CARGO VIA T/S TO
      425 words
    • 363 25 BOUSTEAD SHIPPING AGENCIES PAGAN VI3M HTONEYWA V 244* TAUNG 6YEE V34M PA-AM VUSN BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) S'port 11/22 Fat iyn Ftb In Pt/2S Fab 2/4 Ibr Loading for Rangoon P.Kelang Penang Bangkok BANK LINE -CONTAINER SERVICE SPORE ROAM HULL HMBG TAUSALA SAMOA VI4N 19/2 17/3
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  • Page 26 Advertisements
    • 555 26 Ul KAWASAKI KIShN KAISHA. LTD. K l INt TTT^TrTTiT'T' IMPORT I'iMjill m FEEDER VESSEL KOREAN CHANCE I:LI; TRANSWORLD BRIDGE NEPTUNE RUBY EXPORT IMPORT yr.m: FEEDER VESSEL MARIA V 43 M.SO ACCEPTING OOHA CCO mi (Member of OASIS) C.R. PT NOIRE Vl2 ALTAI V 4 C.R. DOUALA V23W E. VENTURE V
      555 words
    • 546 26 AUSTRALIA EXPRESS CONTAINER SERVICE AccepMisg FCL/FCL Contain*™ Support PKaianf FVunf La«J»*tor. MoMw vu 8, faadar Br Fmdm KALI DAS V4l IMm 4 Mar 4 Ma, Fr«m.*Wb,Sr<)a Ad« TULSIOAS 1 Apr a Mar a Mar Fr a »v*Wb,'Sy«vA<M KALI OAS V.42 2 Ml, a Apr Apr FremAWWSfOvAaal TULSIOAS ¥.41 n May
      546 words
    • 563 26 r GOLDEN LINE WttO\ GUAM GUAN SUPPING (Pit) LIO STRAITS/PERSIAN GULF SERVICE: ypcw P Kda« PWMC GOUXN «Moa CotaMMracNOubM WJF* COLOCN HAVtN Cotomßc Out* MB*— GOLDEN B&NOER Cotaobo/Mndo/Dutai OOUHH HAVEH Cotwibo/Hiwdii/PMf CHINA SERVICE A VESSEL HMMOU/ wn fa CHINA OCEAN SHIPPING CO., PEKIN WHk THE PEOPLE S REPUBLIC OF CHINA
      563 words
    • 426 26 PHIU OniCNT LIN€S PT€ LTD MIAOOffICC 63 ROB'NSOS ROAC -0? 12 APRO ASIA BUtIOiNG SiWAPORE 01C6 TElf* R$ ***** PHIL: FSi *****7* liO TlJ'i/ij l IJ'ilM IFF ETA SINGAPORE DCSTINATION DUBAI. DAJMUN, KUWAIT, DOHA MUSCAT BAHRAIN AMI DHABI A SHARJAH 17/2.25/2 NEW GENTRADE llf/2 COLOMBO. KARACHI. BOMBAY MADRAS. CALCUTTA EAST/WEST
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  • Page 27 Advertisements
    • 662 27 NEPTUNE AGENCES PTE. LTD. Ganeral Bookmfs Booking} Emmw Ft EU/AUST TPAj St A limil 27*5753 *****42 *****15 *****16 *****18 *****48 P ln»wd/ Terminti CfS A Outward *****22 *****53 *****44 EXPORT NEPTUNE PKttonj K Lumpur fmm dahfu *****0 ara? ?38WO *****0 2380(1 mm *****2 IMPORT FEEDEB VSL SIN N. Ivory 07N
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    • 262 27 HEUNG-A SHIPPING Korean Flag Vessels DO* AM SEMI-CONTAINERISED DIRECT SERVICE TO P KEIANG. PENANG. KEELUNG, BUSAN. INCHON Vessel's Nam ETD BS SPORE PKLC KEE SUSAN HO JI *NO I DONAM/9Q2N OMB 18-20/02 16-17 TO 21 2MB 06-OMB 07/03 OMA6NET/n2N 22/02 06-17/03 04-45/03 15-15/03 21-22/03 22/03 NO» DON AM/902* 21/02 10-12/
      262 words
    • 215 27 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) lD CACT iK tAo I POUT KELANC PENANC BANGKOK HONG KONG CHINA KAOHSJUNG KEELUNC 11/2 U/2 11/2 A 11/2 15/2 ft 20/2 11/2 ft l«/ 2 U/2 ft 11/2 14/2 ft 21/2 14/2 ft 21/2 COLOMDO BOMBAY MAMAS AUCKLAND WELLINGTON N. PLYMOUTH
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    • 924 27 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 ***** PENANG P. KELANC MESSRS NAI THONG SHIPPING 127 Pen** Street, Penan* Mataysu M/S HANDLING SYSTEM CO SON
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  • Page 28 Advertisements
    • 267 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEI 225 6868 (34 lines) FAX *****39/*****/6 rtliX RS ***** A/B SSCMA, HS ***** A/8 SSCAO DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND RUHLAND 2/89 I. THAELMANN 2/® H. CEGIELSKI 3W W. PIECK
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    • 86 28 T.S.K. LINE WEEKLY CONTAINERISED SERVICE WITH FIXED PAY ARRIVAL TSKLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. KABUKI V-1S ETA SIN Sl/X/M i S PORE -> KAOSHIUNG > KEELUNG TOKYO SHIMIZU NAGOYA > KOBE 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAY 11 DAYS TSKLINE AGENCIES (S)
      86 words
    • 26 28 CONVENTIONAL EUROPE SERVICE CONVENTIONAL RED SE A/MEO'BLACK SEA SERVICE ASEAN/INDIA SERVICE f.W V/' i' 111 I"il. ,II I 1 '*I.W II .1.1 M cm: f PTTu
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  • Page 28 Miscellaneous
    • 171 28 VM I Regional Weather WA V, m S m v> r. *A 'I a 3 y ft 1 V V 1 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. F«b 14, 1989 Pri J Temperoture •<- rhuod«»lo»m Weather Wind d*ection w.th speed «i knot* y Shower Rain Wove height Cloudy
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  • Page 29 Advertisements
    • 1696 29 COMPANIA CHILENA DE NAVEGACION interoceanica sa (CHILEAN NATIONAL LINE) GREAT ANDES SERVICE ARI IQUIQUt VALPARAISO STO DIRINCO 4/4 M 10/4 CARGO FOR PUNTA ARENAS TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO NEPTUNE AGENCIES PTE LTD BOOKINGS: *****34, *****71, *****65 SHIPPING TmTTTTOTHB ALL CHINA PORTS it ox, as oa i:i
      1,696 words
    • 180 29 fPJ UNIPACIFIC TRANS TRADING AGENCY I PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 IRAQI LINE l«» 0' S'«Tf !MTfCMlsf MlTtHf TM«S»O" T VJ SUDAN LINE (Sudan Notional Lino) Red Sea Express Vsl ■.V. SSI V2B Loading for Put Sate u SOUND CONTAINER SERVICES! MICRONESIA SERVICE PK SP KAO LOADING FOR
      180 words

  • Page 30 Advertisements
    • 465 30 Hai Sun Hup Co (Pte) Lt _rL *****06 (20 Lmes. TLX RS ***** RS 206 fc M \Mlß\t \K I I\t K STRAITS/ JAPAN/ STRAITS SERVICE iPECIALIST IN RO-RO HEAVY LIFT! •For Discharging Only NOTE. ALSO CALLING OTHER JAPANESE PORTS, HONGKONG TAIWAN ft CHINESE PORTS. SUBJECT INDUCEMENT IML INTERMARITIME SOUTHERN
      465 words
    • 393 30 td 872 mCHO YANG LINE EXPRESS FAR EAST/EUROPE FULLY CONTAINERISED SERVICE EASTBOUND Alto accoptinf for Inland UK dtstinjliom Antwerp and Scandinavian ports Ld| for MK/KAO/BUSAN/OSAKA/TOKYO FMG «COr* MEBCANrj GHANCOk.OW9ANA SA national un£ or Colombia CAVN COMPANA ANONiWA vCNf iOi_ANA Of NAVCG AC 'ON (NATIONAL tINC O* VENfJUf L> ERCHANT PRINCIPAL
      393 words
    • 312 30 P.T. MASKAPAI PELAYARA PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF STORE, INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****77 SINGAPORE INDONESIA SERVICE SINGAPORE W. MALAYSIA SERVICE GENERAL AGENT:
      312 words
    • 479 30 MJHi CALL US AT: P. KELANG PENANG J. BAHRU P GUDANG SINGAPORE K. LUMPUR *****53/*****11 04 *****2/4. *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 OTHER DESTINATIONS: AARHUS. AMSTERDAM. ANTWERP, BASLE. BREMEN BREMERHAVEN. COPENHAGEN. HELSINKI MAtMO. OSLO. STOCKHOLM. UK. LOADING FROM: GOTHENBURG. BREMERHAVEN. HAMBURG. ROTTERDAM OTHER ORIGINS AARHUS. AMSTERDAM. ANTWERP,
      479 words