The Business Times, 17 February 1989

Microfilm: NL16473
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, FEBRUARY 17, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    266 1 Dow up WALL STREET stocks gained along with bond prices in early trading yesterday after the West German Bundesbank decided not to raise its Lombard or discount rates The Dow 30 was up five at 2309 and gainers led declining issues by two-to-one. Chicago futures traders said
    266 words
  • Article, Illustration
    S'pore bucks regional trend
    198 1 MOST REGIONAL MARKETS closed lower yesterday despite Wall Street s 23-point gain overnight. Singapore, however, bucked the trend. The Straits Times Industrial Index added 7.27 points to finish at 1,129.83 while the Business Times Composite Index ended 9.35 points higher at 1,021.49. Turnover fell to 50.14
    198 words
  • Article
    Jump in current account deficit deals heavy blow to Australian dollar
    235 1 THE AUSTRALIAN DOLLAR yesterday plunged more than three US cents to touch a two-month low of U550.8450 in Sydney following the release of a worse-than-expected Australian January current account deficit. In Singapore, the Aussie unit finished at 551.6363 yesterday,
    235 words
  • Article
    Ong Beng Seng offers to buy Faber Merlin chain
    660 1  -  MARKET SAYS HOTEL PROP STUDYING CASH CALL By ELAINE KOH HOTEL and property businessman Ong Beng Seng is making another lightning move this time on the chain of Faber Merlin hotels in Malaysia, which come with a price tag of Ms3so
    660 words
  • Article
    HDB rulings on racial limits from March 1
    559 1  -  By ANNA TEO FROM MARCH 1, the sale and resale of Housing and Development Board flats will be governed by racial limits in each neighbourhood and each block of flats, the Minister for National Development announced yesterday. In a speech to community
    559 words
  • Article
    Lock icon Bumiputras' corporate equity up, says KLSE
    116 1 Reuter BUMIPUTRAS have raised their stake in Malaysia's corporate equity, the Kuala Lumpur Stock Exchange said yesterday. Bumiputras owned M 54.5 billion, or 25.3 per cent, of the paid-up capital of 218 publicly listed companies in December 1987, a stock exchange study said. This
    Reuter  -  116 words
  • Article
    Big Four generally not in too great a hurry to raise prime
    423 1  -  By ALVIN TAY Financial Edltor THE BIG FOUR local banks are generally not in too great a hurry to raise their prime lending rates in response to rising interest rates worldwide. But there is still a possibility that
    423 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      118 1 JAir foi: 11 fI pc J 1c) I :> Mlolol c^)tif f )iurn izi HERES WISHING YOU EVERY PROSPERITY At Citibank you can enjoy high interest rates of 4'/4% or more. With your interest paid instantly! Your smiling Personal Citibanker will also give you prestigious free gifts a Raymond Weil
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      Page 1 Advertisements Column 2
      235 1 Full report, PAGE 20 Rog mfcts, PAGE 22 World mkts, PAGE 23 Aussie current account deficit up 183 pc, PAGE 4 4 NEP review will not hurt foreign investments', BACK PAGE Editorial Comment: 10 Big holes in the Bush budget The Body Shop 10 Friend of the Earth Privatising Telecom
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      Page 1 Advertisements Column 3
      132 1 w flsifl TELECOn TELECOMMUNICATIONS is more than just telephones and polite operators. It is the backbone of business. Particularly for Singapore which is trying to position itself as a "total business centre" for globe-trotting multinationals, a good telecommunciations infrastructure is crucial. So it is not surprising to find that the
      132 words
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      Page 1 Advertisements Column 4
      145 1 ){}`~:]~+!~},~!.+/`\,$)|*&-<"/: 6#Ui*fcv<Ufjt4tylL. •*\j ar 4Italian wear worth a stare WHAT'# so rivetting about Armani? Our fashion columnist writes in ExecuHw LMeetyH that Giorgio's Rome is now handsomely close to home. He also tells you in tomorrow s weekend edition of Business Times which hot T words are in style at
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  • YESTERDAY IN PARLIAMENT
    • Article
      HDB move expected to affect fewer than 1,200 flat owners
      822 2 Bid to contain problem of racial congregation FEWER THAN 1,200 flat owners in 35 Housing and Development Board neighbourhoods would be expected to be affected by the new measures to contain the problem of racial congregation, said Mr S Ohanabalan
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    • Article, Illustration
      EDB gets mandate to promote services sector
      262 2 THE ECONOMIC Development Board (EDB) yesterday received a clear mandate to promote the services sector and the development of small and medium-sized enterprises (SMEs). The Economic Development Board (Amendment) Bill 1989, which was passed by the House, includes a broad definition of the
      262 words
    • Article
      More than $1 billion given to SMEs in past 12 years
      187 2 MORE THAN a billion dollars in direct government loans, grants and other financial assistance have been doled out to help small- and medium-sized companies over the past 12 years. Senior Parliamentary Secretary for Trade and Industry Eugene Yap told
      187 words
    • Article
      Total of $24 million Skills Development Fund levies collected last year
      85 2 EMPLOYERS paid a total of $24 million to the Skills Development Fund last year, Senior Parliamentary Secretary for Trade and Industry Eugene Yap told the House yesterday. Answering another question from Or Wong Kwei Cheong on the state of
      85 words
    • Article
      Restructuring of Telecom will improve efficiency, says Dr Yeo
      161 2 A REASSURANCE that the restructuring of Telecom would not adversely affect residential customers came from Communications and Information Minister Dr Yeo Ning Hong yesterday. Replying to a question from Bukit Timah MP Or Wong Kai Yuen, Dr Yeo, who is also
      161 words
    • Article, Illustration
      Buyers urged to help ensure high building standards
      540 2  -  Reports by ANNA TEO, MARTIN SOONG and SHOEB KAGDA PROPERTY BUYERS themselves must be more discriminating and play their part to help ensure high building standards in Singapore, said National Development Minister S Ohanabalan yesterday. Too often, buyers failed to ask "who
      540 words
    • Article
      Building Structural Branch set up
      234 2 THE BUILDING Control Division of the Public Works Department has set up a Building Structural Branch to administer the new, stricter provisions of the Building Control Act. The branch, BCD's third, is headed by Mr V Raj end ram, who was head of the Building
      234 words
    • Article, Illustration
      Bill to keep touting problem under control passed
      612 2 A BILL to curb the touting problem which, if unchecked, could be harmful to Singapore's tourist industry, was passed by Parliament yesterday. Under the Minor Offences (Amendment) Act. touts will face a fine ranging from $1,000 to $5,000 or imprisonment of up
      612 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      130 2 Haute Cuisine Shanghai... si s f 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 preparation and taste, will
      130 words
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      Page 2 Advertisements Column 2
      35 2 QUALITY CAR AT THE BEST PRICE i CAMPUS (1108 cc) $38,766 AUTO (1397 cc) $59,000 C GT TURBO (1397 cc) $80,800 fIMHHI Prices quoted are subject to change without prior notice 'All prices ARF NETT
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  • HOME NEWS
    • Article
      'Only one valid argument for privatising of Telecom'
      410 3  -  Economists see stock market stimulation as only sound reason By TAN KEE WEE STIMULATING the Singapore stock market would be the only valid argument that could be used to support the privatisation of some functions of Singapore Telecom, said two economists. In
      410 words
    • Article
      Public lecture on how to conquer cancer pain
      116 3 HOW TO MANAGE cancer pain this would be the theme of a public lecture organised by the Hospice Care Group in conjunction with the Singapore Cancer Society's 25th anniversary celebrations. Dr Geoffrey W Hanks, consultant physician with Royal Marsden Hospital, who is
      116 words
    • Article
      Don't worry about which year your child is born in: Goh
      194 3 PARENTS SHOULD have a child if they can afford it and not worry about which 'animal year' the child is born in, said the First Deputy Prime Minister, Mr Goh Chok Tong, last night. In his speech at the
      194 words
    • Article
      Wanted: Comments on products
      83 3 THE PUBLIC has been invited by the Singapore Institute of Standards and Industrial Research to comment on the standards of six categories of products. This is to determine if the standards should be confirmed, revised or withdrawn, and to ensure that they remain relevant to users.
      83 words
    • Article
      Indosat president director visiting Singapore
      114 3 THE PRESIDENT DIRECTOR of Indosat of Indonesia, Mr Jonathan Parapak, will be in Singapore today at the invitation of the Permanent Secretary (Information) of the Ministry of Communications and Information, Mr Goh Kim Leong. The visit, which will end on Feb 22, aims to increase
      114 words
    • Article
      Corrections and clarifications
      199 3 THE ARTICLE. "A new breeze blowing" (BT. Feb 14). contained a number of errors. Tradewinds' new jetliner, the MDB7, has a range of 4,445 km and not 3,300 km. It comes on a two-year $25 million lease and not a $20 million lease as reported. Also, the
      199 words
    • Article
      MEMO PAD
      335 3 Seminars and Wm Courses f|l CAHNERS EXPOSITION GROUP Tel *****13 Tlx: RS ***** CEGSP Fax: *****66 J Dot* Feb 20 22 Feb 22-23 Feb 22 and 23 Event Fundamentals of Financial Instruments How to Prepare Strategic Marketing Plans Direct Marketing Venue Hyatt Hotel Hyatt Hotel Boulevard Hotel Organiser
      335 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      66 3 w en the computer has just declared your company solidly in the hlack, celebrate with something refreshingly green m m irr i js vruw* m V. sr ws&ir* u?*~ V. SWS r P A?**#- (H^inekfnJ ,x rv-.v: asm K mm? V-. BPS: Heinekc ll __p X> v <<\ V 1
      66 words
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  • ASIA – PACIFIC
    • Article
      Lock icon Japan plans limited reforms to retail system
      554 4 America not likely to be satisfied Reuter JAPAN is gearing up to respond to US demands to reform its labyrinthian distribution system, but Washington isn't likely to be happy with what it hears. Japanese trade officials said proposals they plan to unveil in
      Reuter  -  554 words
    • Article
      Lock icon Four nations move closer to Arab common market
      241 4 AFP THE PRIME MINISTERS of Jordan, Egypt and North Yemen and the First Vice-Prime Minister of Iraq ended two days of meetings in Amman to prepare for the launching yesterday of the Arab Cooperation Council (ACC) in Baghdad, officials said. Late on
      AFP  -  241 words
    • Article
      Lock icon Viet repatriation mission leaves Hongkong
      319 4 UPI A VIETNAMESE government mission left Hongkong for home yesterday after paving the way for the repatriation of the first group of Vietnamese boat people. Four Vietnamese Foreign Ministry officials left the British colony for Bangkok en route to Hanoi after issuing travel documents to
      UPI  -  319 words
    • Article
      Lock icon Australia plans more trade with Europe
      320 4 AFP AUSTRALIA wants to enlarge its foreign trade, especially with Europe, Minister of Industry, Technology and Commerce John Button said in Munich on Wednesday. Speaking at a workshop on the theme "Australian-German Investment and Joint-Ventures" attended by a delegation of Australian industrialists and West
      AFP  -  320 words
    • Article
      Lock icon Aussie current account deficit up 183pc
      192 4 AFP AUSTRALIA'S current account deficit rose 183 per cent to A 51.54 billion (US$l.34 billion) for January compared with the same month last year, official government figures released yesterday showed. The Australian Bureau of Statistics reported in Canberra that the deficit compared with one
      AFP  -  192 words
    • Article, Illustration
      Lock icon Soviet pullout from Afghanistan a miracle, says Pakistan
      354 4 Reuter PAKISTAN, the main supporter of Afghan rebels, called the Soviet pullout from Afghanistan on Wednesday "the miracle of the 20th century" and urged Kabul to transfer power peacefully to a broad-based government. President Qhulam Ishaq Khan said the pullout "symbolises the
      Reuter  -  354 words
    • Article
      Lock icon Senator wants 7 Japanese firms banned
      195 4 AP THE VICE-PRESIDENT of the Philippine Senate has called for the banning of seven Japanese firms from doing business in the Philippines because of allegations that they paid millions in kickbacks to ousted President Ferdinand Marcos. "Let us ban them completely." said Senator Teofisto
      AP  -  195 words
    • Article
      Lock icon China losing enthusiasm, says Prince Sihanouk
      532 4 AFP CHINA HAS LOST its "enthusiasm" for the Khmer Rouge and is now advising the Cambodian resistance to try to get along with the pro-Soviet Phnom Penh regime, Prince Norodom Sihanouk said. "China has begun recently to advise the Khmer Rouge and the entire
      AFP  -  532 words
    • Article
      Lock icon Khmer Rouge maintained by West: diplomat
      486 4 AFP WESTERN AID has contributed to maintaining former bloody rulers of Cambodia, the Khmer Rouge, as an effective force, a Western diplomat said here Wednesday. "Had the Western world said OK all these guys can starve, then the people involved in the Khmer Rouge
      AFP  -  486 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1014 4 ARRIVALS Operator S*nric« Local From rwmbor Km* su SQII 0115 LAX/NtT UAL UA805 0125 SFO/HKG iAL MAS JL6I5 0305 TYO AAH640 0820 KU SU SQ43 0850 0HA MAS AAH37A 0900 KU MAS AAH651 0910 PfN MAS AAH630 0920 KU. SIA SQ103 0950 Km CM CX710 1000 CGK
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      284 4 >•• m Good Lock Mean $498 110 pas) 11 Barbequed Suckling Pig 2| Braised Selected Whole Abalone in Brown Sauce (Ten Only) 3) Boneless Chicken with Mango Sauce 4) Steamed Slice Pomfret with Slice Ham k Mushroom 5) Steamed Minced Prawn Meat with Whole Dried Scallops 6) Crispy Duck Roll
      284 words
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      Page 4 Advertisements Column 2
      41 4 The butineu penon's choice every Tuesday, Thundav. Saturday and Sunday. Leaving Changi Airport at 22:05 houn and arriving at Letter B hm International Airport the following day. Calf your Travel Agent or Air Cjrudt at 7J2t555. A BREATH OF FRESH AIR
      41 words
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  • REST OF THE WORLD
    • Article
      Lock icon Call to give US a place at EC talks
      399 5 FT ROBERT MOSBACHER. the new US Commerce Secretary who promised Congress he would play a tough, assertive role in trade policy, has suggested that the US be given a place in the negotiations for a European single market. Mr Mosbacher, a
      FT  -  399 words
    • Article
      Lock icon Officials in US to discuss trade tensions
      278 5 AP TWO SENIOR EC officials head for Washington this week to discuss growing bilateral and international trade tensions, a spokesman for the EC Executive Commission said on Wednesday. The two EC officials are also expected to discuss the state of the Uruguay Round
      AP  -  278 words
    • Article, Illustration
      Lock icon Bush takes Budget message to the South
      329 5 Reuter US PRESIDENT BUSH, travelling the country to rally public support for his budget, said on Wednesday he would cooperate with Congress in making the hard choices needed to slash the federal deficit. In an address to a joint session of the Democraticcontrolled
      Reuter  -  329 words
    • Article
      Lock icon Lower capital gains tax would spur investment, says Bush
      214 5 AFP PRESIDENT George Bush on Wednesday defended his proposal for a reduction in the capital gains tax rate, arguing that it would spur investment, create jobs and increase US competitiveness abroad. Speaking in South Carolina as part of a campaign for
      AFP  -  214 words
    • Article
      Lock icon American industrial operating rates up
      461 5 Highest level in more than nine years Reuter US manufacturing industries cranked up their operating rates over the past two months to the highest level in more than nine years. The US Federal Reserve Board said on Wednesday that the operating rates of American factories,
      Reuter  -  461 words
    • Article
      Lock icon Favoured status will boost US-Soviet trade: economist
      146 5 Reuter TRADE between the Soviet Union and the United States will triple within a short time and increase five to 10 times within five years if Washington grants the Soviet Union Most-Favoured Nation (MFN) status, a leading Soviet economist said on Wednesday. "It
      Reuter  -  146 words
    • Article
      Lock icon Farm trade reform talks end without concrete decisions
      201 5 Reuter NEGOTIATORS from more than 20 countries on Wednesday completed three days of informal consultations in Geneva on possible short-term measures for reforming world farm trade, but sources close to the talks said no concrete decisions were made. Attention switched from the
      Reuter  -  201 words
    • Article
      Lock icon W European leaders urging US to set arms agenda
      186 5 AP WEST EUROPEAN leaders are calling on the US government to launch a comprehensive arms control initiative or run the risk of allowing Soviet President Mikhail Gorbachev to set the agenda, a senior US official said on Wedneeday. As US Secretary
      AP  -  186 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      52 5 You experience our personal touch at Liang Court Regency. The experience begins with a special welcome bouquet. And during your stay, you'll notice the many little things that get done quietly and efficiently. Come stay with us and experience our personal touches and comforts. For short-or long-term lease, call Florence/Dina
      52 words
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      Page 5 Advertisements Column 2
      196 5 A LACOSTE SHIRT IS WASHED AT 40° C BUT WE COULDN'T RESIST TESTING IT UP TO 90°. Because you care about the colour of your Lacoste shirt, there are a few things you should know. All our dyes are strictly tested for their overall quality and resistance to acid perspiration.
      196 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      284 5 City Max/ Not* Mln (°C) Adelolde 32/14 Fine Amsterdom 08/04 Cloudy 09/01 Cloudy Bahrein 17/13 Clear Bongkok 32/24 Clear Barbados 28/21 Cl«ar WJlnfl 02-02 Cloudy Beirut 16/08 Sunny Beigrode 03-01 Cloudy 05/02 Cloudy Bermuda 20/16 Cloudy Bonn 06/03 O'Cait Brisbane 28/21 Ooudy Brussels 09-02 Cloudy Budapest 06/01 Cloudy Buenos Aires
      284 words
    • Miscellaneous
      Page 5 Miscellaneous Column 2
      45 5 iTTTt WHAT ME CARTOONfSTB ARB HOPING TO ENCOURAGE HERE, MARK, ARE SOME dOLPINJVATIVES FROM THE 3USH APfiIJNISTRAT/ON! EA 43 B w W'J 9? TO 3 SO HZ PUT A CAP ON THE VTTRJOLFOR A MEEK. WHAT CAN IT HURT* OUR EDITORSARE WTRJonc.ioo. iHeylL UNDERSTAND v
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  • MONEY AND EXCHANGES
    • Article
      Government securities market
      114 6 Treasury bills Period issue Yesterday's closing Day's code Maturity BIO OfF€R HIGH LOW 3 months BQ*****V 18.05.89 3.53 3.48 3.48 3.48 6 months BS*****N 17.08.89 3.88 3.83 3.84 3.84 1 year BY*****H 23.11.89 3.96 3.91 3.92 3.92 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      114 words
    • Article
      Forex markets
      1169 6 SINGAPORE: Attention was temporarily diverted yesterday from the US dollar to the high-yield-ing currencies, in particular the Australian dollar. A AJ1.54 billion Australian current account deficit in January coupled with comments by Treasurer Paul Keating suggesting the Australian dollar should fall once growth returned to more sustainable levels
      1,169 words
    • Article
      Money markets
      76 6 THE OVERNIGHT rate on the Singapore money market rose by 1/2 point to close at 4-3/4 per cent yesterday. (Wednesday's overnight offer rate was 4-1/4 per cent, the bid rate was 4 per cent). Short term rates were unchanged. S$ Interbank rates at ttie close yesterday om mo
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    • Article
      Asian dollar market
      192 6 ASIAN DOLLAR deposit rates closed at their opening levels after quiet trading yesterday. •US) om» uo 7 doyi '/16 9 5/14 1 month 9 */16 9 7/16 2 nwnrttt 9 3/4 9 S/S 3 IWOH0H 9 7/9 9 3/4 6 moiidw 10 1/16 9 IS/16 9 martin
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    • Article
      Lock icon Simex
      414 6 BA Futures MARCH Eurodollar futures oponod higher on Simex yesterday than Wednesday's Simex close as outlook for higher rates was somewhat dampened by Bundesbank vice-president Helmut Schlesinger's comments that he does not foresee a worldwide spiral in interest rates. Market participants were cautious ahead of yesterday's Bundesbank council meeting
      BA Futures  -  414 words
    • Article
      IMM
      245 6 AFTER a morning marked by volatile, frenetic trade, most IMM currencies firmed late to end quietly and moderately higher on Wednesday. The morning's powerful rally and equally strong sell-off were driven by a sudden clash of opinions about the direction of global interest rates. The rally petered out and
      245 words
    • Article
      Comex gold/silver futures
      192 6 Gold futuree on Wod 15, 1989 100 troy ouncM. USS por troy on noo OpM Mfh LM SMto Hb Mor tun *»9 Od 34X30 ***** 390.30 395JO 400 .40 364 80 389.30 394.20 396.40 404.80 Ml.10 384.50 389.10 395.30 400J0 J84.60 3MJ0 360.20 392.90 394J0 403.00 -0.40
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    • Article
      Options
      1339 6 CURRENCY FUTURES OPTIONS THunday, Fob 16 1989 DC UTSCHKMAfttC (SN4CX) HMt Lm Sa* Mp Lm BaM SI CAS S3 t 93 1494 147 7 54 72A 70 29 SS 27A 25 45 M 9A T 644 144 57 2A 2 59 CA4 1 1 l t l Mm Lrn
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    • Article, Illustration
      World interest rates
      174 6 prtw® ~ZTX. d 11 mator taak* In t'por* Interbank market ri itea (offer/bid) on Feb 16 7 «or» 3 Mk 13 Mk us$ 3/1* f/l» 7/1* 13/1* ll/l* 7/% 10 3/>* I/I* 13 13 7/t 13 I/I* 13 IS/I* 13 l/l«— 13 13/1* 13— 13 7/t 13
      174 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      82 6 This announcement appears as a matter of record only ELDERS FINANCE GROUP Elders Finance Group Limited Elders Finance and Investment Bank E.C. LS$l25 Million Revolving Credit Facility Lead Managed by DRESDNER (SOUTH EAST ASIA) LIMITED Managed by ARAB BANKING CORPORATION (ABC) Singapore Branch COMMERZBANK (SOUTH EAST ASIA) LIMITED CREDIT AGRICOLE
      82 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Swiss Volksbank extending forex activities to S'pore
      419 7 Reuter SWISS VOLKSBANK plans to establish a Singapore branch this year, which will enable it to operate a foreign exchange dealing 24 hours a day, deputy general manager Rudolf Bosshard told a news conference in Switzerland on Wednesday. The bank last month opened
      Reuter  -  419 words
    • Article
      Lock icon Danish bank sees increased presence in EC, world financial centres
      303 7 Reuter COPENHAGEN HANDELSBANK said it sees its future role as a major bank for most Danish industries and a niche bank for big European companies. Reporting what it called satisfactory 1988 results, the bank said it aimed to increase its
      Reuter  -  303 words
    • Article
      Elders Finance signs US$125m revolving credit facility
      264 7  -  By LEONG WEN WAH ELDERS FINANCE Group Ltd, a wholly-owned merchant banking subsidiary of Australian-based international conglomerate Elders IXL Ltd, signed a US$l25 million revolving credit facility in Singapore yesterday. Elders Finance will draw down the loan in a three- or six-month period
      264 words
    • Article
      Lock icon No change in West German credit policies
      251 7 Reuter THE BUNDESBANK left credit policies unchanged after yesterday's regular meeting of its council, a spokesman in Frankfurt said yesterday in answer to enquiries. The West German discount rate remains at 4 per cent and the Lombard emergency financing rate at 6 per
      Reuter  -  251 words
    • Article
      Lock icon New London finance firm backed by nine institutions
      300 7 FT NINE FINANCIAL institutions from Europe, the Pacific region and the US are backing a new London-based leveraged finance company which was launched last Thursday. The Intermediate Capital Group (ICG) has resources of £200 million and will specialise in supplying intermediate finance
      FT  -  300 words
    • Article
      Lock icon Sharp Jump in Taipei's gold reserves
      126 7 Reuter TAIWAN'S currency reserves fell slightly but its gold reserves jumped sharply in calender 1968 from the previous year's levels, the Central Bank said. Currency reserves plunged to U5574.03 billion at the end of December 1986 from a record U5576.75 billion a year earlier,
      Reuter  -  126 words
    • Article
      Lock icon Bank of Spain studies planned merger
      133 7 Reuter THE BANK OF SPAIN is conducting a study to determine the viability of a planned merger between Banco Espanol de Credito and Banco Central. A central bank spokesman said in Madrid on Tuesday that the study, which is not binding, would be referred
      Reuter  -  133 words
    • Article
      Lock icon Key role in debt cut suggested for IADB
      173 7 Reuter THE INTER-AMERICAN Development Bank (IAOB) could play a leading role in the reduction of Third World debt by providing Latin American nations with guarantees and capital for debt buy-back programmes, NMB Bank vice-chairman Gerrit Tammes said. "We've had discussions (with IAOB)
      Reuter  -  173 words
    • Article, Illustration
      Lock icon Cloudy outlook for top British banks
      611 7 Tighter margins, rising costs likely to affect results Reuter BRITAIN'S major banks next week begin reporting results for 1988 under the shadow of a slowdown in domestic lending, which accounts for up to 80 per cent of profits. Tighter margins, rising coata and a
      Reuter  -  611 words
    • Article
      Lock icon KL bank employees to get 4pc salary increase
      460 7 Bernama THE MALAYSIAN Industrial Court has awarded, among other things, a 4 per cent across-the-board salary increase for non-clerical and clerical workers in commercial banks. This is about 1.6 per cent higher than that proposed by the Malayan Commercial Banks' Association (MCBA)
      Bernama  -  460 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      109 7 FOR SALE BY AUCTION THE PRESIDENT HOTEL and SHOPPING CENTRE To be held on Tuesday, 21 March 1989 2.30 pm at the Regal Room 2nd level, Dynasty Hotel Orchard Road, Singapore. Freehold hotel shopping complex 5-storey podium block with approximately 51,000 sq ft of shops Car park for 332 vehicles
      109 words
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      Page 7 Advertisements Column 2
      192 7 LOTUS EXCEL SA a distinct thoroughbred wVtf- ■w-*. \n >• j ■WMNm^wu-' *A% *4**. »yfr«N ■P v i V5l' 1 \v.< > <~V»-.•<• EXCEL SA Ife w< The sleek new styling of the Lotus Excel SA is designed for the exceptional individual. The individual whose enormous confidence and compelling personality
      192 words
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  • COMMODITIES
    • Article
      Lock icon Crude drawdown sparks big buy
      453 8 Nearby oil contract ends above US$lB Reuter A HUGE drawdown in US crude oil inventories sparked on Wednesday a wave of buying from speculators afraid that prices may rally further, closing the nearby oil futures contract above the psychological barrier of US$lB.OO per barrel. A
      Reuter  -  453 words
    • Article
      Lock icon Less than 2pc growth seen in overall US energy consumption
      431 8 UPI OVERALL US energy consumption is expected to grow by less than 2 per cent in 1989, down from the 4-per-cent growth rate registered last year, the government reported on Wednesday. The Energy Information Administration said the key factors behind
      UPI  -  431 words
    • Article
      Lock icon Lower aluminium prices this year and next, says Shearson Lehman
      257 8 AFP UNDERPERFORMANCE by the construction and transport sectors will cause aluminium prices to ease in 1909 and 1990, analysts at Shearson Lehman Hutton say. In their Annual Review of the World Aluminium Industry 1989, Shtarson Lehman predicts that average prices
      AFP  -  257 words
    • Article
      Lock icon US rules likely to boost M'sian glove industry
      365 8 Reuter HIGHER QUALITY standards on rubber examination gloves to be imposed by the US Food and Drug Administration (FDA) in April could give Malaysia the lion's share of the US$l billion a year global market. Industry officials said Malaysia, now the world's
      Reuter  -  365 words
    • Article
      Lock icon More Perak tin mines may be opened
      149 8 Bernama SEVERAL more tin mines are expected to be opened in the Malaysian state of Perak in the coming months as the price of tin continues to improve. The upward trend of the tin price, especially since the beginning of the year, has
      Bernama  -  149 words
    • Article
      KL Tin
      204 8 THE Kuala Lumpur Tin Marfcat (KLTM) prlca aurgad for the savanth conaacutlva day, firming 12 cants to a naw thraa-yaar high of M 521.44 a kg yaatarday on furthar short-covarlng from Europa, brokers said. Turnovar waa again small at 61 tonnas versus 62 on Wadnaaday with soma minara
      204 words
    • Article
      Lock icon Thailand opens borders to timber imports
      105 8 AFP THAILAND is to open its borders to timber imports from neighbouring countries to ease a wood shortage resulting from a nationwide logging ban, a Forest Department spokesman said on Wednesday. The government on Tuesday approved a decision to open all border checkpoints to
      AFP  -  105 words
    • Article
      Lock icon Crude Oil and Products
      171 8 Telerate FUEL OIL levels edged higher yesterday on the back of the sharp run-up in crude futures prices. Sentiments over near term prices remained mixed. Some traders said CST-180 prices could be reaching the bottom soon I and expected current levi els to pick up shortly.
      Telerate  -  171 words
    • Article
      Precioua Metals
      420 8 HONGKONG: Gold closed little changed in quiet and featureless trading yesterday. Dealers said investors were sidelined ahead of today's US merchandise trade figures for December and traders expected the dull trend would continue in the New York market. Bullion ended at U*****.50/384 00 an ounce against an initial
      420 words
    • Article
      Rubber
      312 8 SINGAPORE: Rubber prices ended fractionally higher with March 1 RSS buyer quoted at 217.00 cents a kg yesterday Brokers said prices finished one cent lower in quiet morning trade after fluctuating narrowly on short-covering alternated with long liquidation. In the afternoon, values recovered on short-covering interest in moderate trade.
      312 words
    • Article
      RAS and MRELB
      274 8 RAS prices m s cmMo, fob m m« B NOON CLOSE Int 1 RSS Prompt 214.50 215.50N awyan 215.50 216.50 krrt 1 RSS Mor 89 216.00 217.00N 217.00 218.00 ht 1 RSS Apr 217.75 218.75N 218^5 219.75 Int 2 RSS Of 206.00 208.00N 207.00 209.OON In* 3
      274 words
    • Article
      SSR and SMR
      85 8 (c«nn/kgl MARCH 1 1989 APRIL 1989 (currant month) (forworc 1 month) RAS NOON NOON l*y«n S#Atn Satlari sse 30 I9S.OO I97.00N 195.00 197.00N SSt 50 193.00 195.00N 193.00 195.00N MRELB kytn Mart 8wyart ;,n«ri SM» CV 318.30 3 20 SON 320.50 322 SON SMI I 316. SO
      85 words
    • Article
      Palm Oil
      368 8 MALAYSIAN CRUDE PALM OIL FUTURES closed easier in fairty active trading on the KLCE yesterday. Dealers said the downtrend was due to lack of interest and weaker cash market. India's purchase of 6,000 tonnes of RBD olein had limited effect on market sentiment. March and April eased to
      368 words
    • Article
      Soybean
      161 8 GAINS in soyproduct futures inspired buying in Chicago Board of Trade soybeans which closed higher in all contracts on Wednesday, floor sources said. Old-crop soybeans closed 2-1/2 to 4-1/2 cents per bushel higher and new crop gained five to 5-3/4 cents. Shearson Lehman Hutton, a strong buyer of corn
      161 words
    • Article
      Produce Prices
      234 8 Chlntii Product Exchmgt SolUn' noon dosing f >rlcos on Fob 16 (SI/100 kg) Coconut oil Mi FOB 106.00 Old drum FOB 118.00 Now drum FOB 122.00 Copra Mixod (Ioom) 64.00 igD^i Poppor Munfofc whit* FOB NtW 'snrnwnk 11 ifritl 730.00 wwwWW WWW FOB foq NtW 720.00 Sorowak (podol
      234 words
    • Article
      London markets
      269 8 London Commodity Exchange Buyer/Setter dosing prices on Feb 15, (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Both in-tfore London, loMort option OF Lo ndon Mor 1101/05 (1118/20) Ugh/Low 1125/03 May 1076/77 (1098/1100 Kgh/Low 1103/1075 C-U-jQ lei (3494) Cocoa Mor 878/879 (859/800) ttgh/low 880/867 May 899/900 (876/878)
      269 words
    • Article
      Wheat
      155 8 SOFT red winter wheat futures closed higher in old-crop contracts on the Chicago Board of Trade on Wednesday, while new-crop contracts were mixed in mostly light trading. Algeria's pending tender for EEP wheat and ideas China may soon receive EEP wheat credit supported oldcrop, while recent moisture in soft
      155 words
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      34 8 m m 4? w tmvooft rn iniiw Tb« World's Only Spring Mattress Mads to Rcficvc Bad Backs SJ FIRST COME FIRST SERVE KVX] KM no reservation. ■SvL'' tfl sst w» 3 2EE :'a» r
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  • FOCUS
    • Article, Illustration
      Malaysia gears up for property trusts
      1521 9  -  Individuals and businesses from Singapore are turning to the property market in Peninsular Malaysia for holiday homes and investment. PAUL GOPAL of the Foreign Desk reports on the moves to set up property trusts as an investment avenue for the ordinary man, and also
      1,521 words
    • Article
      Bullish on Malaysian real estate
      1049 9 THERE IS A STORY making the rounds among real estate and property people in Malaysia which reflects the fillip the Malaysian property market is getting from foreign buyers, especially Singaporeans. The story says that a property developer was in trouble with his bankers over a
      1,049 words
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  • PERSPECTIVE
    • Article
      Big holes in the Bush budget
      516 10 "THE PRESIDENT presented us with the good ,news. He has left it to Congress to give the American people the bad news," said Congressman Leon Panetta, chairman of the House Budget Committee, last week. Those words have a familiar ring about them, bringing us
      516 words
    • Article, Illustration
      Friend of the Earth
      1158 10  -  Each time the cash tills are rung in a Body Shop, some of the money is used to save the whales from extinction, protect tropical rainforests, fight acid rain or protect the ozone layer. SUZANNE SOH unearths the facts of this unusual "environment-conscious" company. SUZANNE SOH
      1,158 words
    • Article, Illustration
      Lock icon THE BOTTOM-LINE
      552 10 FT THE BATTLE for the babies' nappy market in the United Kingdom has moved into an environmental arena with the arrival in Britain of the "Green" nappy. Disposable nappies made from wood pulp manufactured by a process which uses fewer trees and produces less damaging waste are being
      FT  -  552 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      85 10 r\ mm After all, many a deal has been closed on the green than in the boardroom. Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way every Tuesday in BT And, of course, the all-round executive cannot afford to miss Sevvy's golf date every Tuesday. Our writers
      85 words
  • Page 10 Miscellaneous
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  • ASIA TELECOM
    • Article, Illustration
      Lock icon Singapore: Staying ahead
      892 11  -  By. JEFFREY TSANG GLOBALISATION: The trend of the worid'e business conglomerates to expand beyond national boundaries to develop, manufacture, and market products around the globe, exploiting areas with comparative advantages and lower costs for better profits. For all the advantagee of going global low manufacturing costs in
      Photo by Arthur Lee  -  892 words
    • Article, Illustration
      When two technologies become one
      1115 12  -  By ABDUL RAHMAN Abdul Rahman b Mohd Said is managing director of Maxinto Communications, an information services company specialising in the IT industry. He is a keen industry observer and a former editor of Compute/world Southeast Asia. THE INTRODUCTION of the Integrated Services Digital Network
      1,115 words
    • Article
      ISDN: A Japanese experience
      746 12  -  By JOHN BOYD AS WE move further into the information age, businesses around the world are finding they need to use more tools to communicate effectively and can no longer depend on just telephone and telex. Facsimile, or fax, machines are becoming as common as the
      746 words
    • Article, Illustration
      ISDN reaches the PABX
      1051 14  -  By UDO BRAND Udo Brand is the managing director of Nixdorf Computer (Singapore) Pte Ltd. FOR A LONG TIME, the PABX or Private Automatic Branch Exchange (commonly known as the "switchboard") has performed one single function to switch telephone calls between the office extensions and the
      1,051 words
    • Article
      The latest from S'pore Telecom
      557 14 SINGAPORE TELECOM is going to participate in Asia Telecom with a vengeance. The Singapore telecommunications authority, which is also a co-host of the exhibition, is taking up a booth to show off the Republic's telecommunications prowess. It will display the latest range of services including
      557 words
    • Article, Illustration
      Put your money on cellular
      989 15  -  By NANCY ANDERSON Nancy Anderson is vice-presi-dent, business planning and technology development, of NYNEX Mobile Communications Co. Tj HE WORD cellular has become the buzzword on Wall Street. Like Dustin Hoffman's adviser in The Graduate who told the young man to remember one word plastics
      989 words
    • Article
      Alcatel wins two major deals
      549 15  -  By SUZANNE SOH ALCATEL, the French multinational bidding for India's multi-billion dollar telecommunications contract, started the new year by securing two major contracts last month. Its communications subsidiary, Alcatel CIT, will install digital systems in the capital cities of the Socialist Republic of Vietnam and
      549 words
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      16 11 4 r Data General Setting the standard IN INTELLIGENT INFORMATION NETWORKS. JOIN US AT ABkA on
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      148 11 When two technologies become one Page 12 ISDN: A Japanese experience Page 12 ISDN reaches the PABX Page 14 The latest from Singapore Telecom Page 14 V- IT IS A MOMENT YOU PLANNED FOR. REACHED FDR. STRUGGLED FOR. A LONG-AWAITED MOMENT OF SUCCESS. OMEGA. FOR THIS AND ALL YOUR SIGNIFICANT
      148 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      233 12 TATUNG QUALITY, RELIABILITY COMMITMENT 6.18 Yes, Systems Technology Pte Ltd is proud to be the distributor* for TATUNG high Quality, made in TAIWAN products. For Reliability, depend on Tatung: worldwide service in 13 major cities research and development centres in U.K, Taipei, West Germany, Tokyo San Jose strict quality control
      233 words
    • Advertisement
      Page 12 Advertisements Column 2
      147 12 See Australian communications equipment... up-to-the-minute and very competitive. Australian Display /tsi/i AO Raffles City Convention Centre. Singapore 20-25 February 1989 w ¥A r %-iJ 5^ H .:s» r<4* 51 m m Australia is one of the pioneers of efficient communications over long distances. At Asia Telecom 89 Australian exhibits include
      147 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      154 13 Where are the lines of communication being extended Visit Stand 33 at Asia Telecom '89 from February 20 to 25 to learn about AT&T's innovative products and services for today's and tomorrow's telecommunication challenges. See how we're expanding the worldwide intelligent network and product range to meet the needs of
      154 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      148 14 Introducing ISDN. NoMall li nesJead toon& The start of a new era of digital communications has arrived in Singapore, with the introduction of an advanced network called ISDN (Integrated Services Digital Network). ISDN is an end-to-end digital network that uses the latest telecommunication technology to support a wide range of
      148 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      155 15 I 0 TELECOMMUNICATIONS COMPANY THAT COULD OE THREE. The company is Nippon Telegraph and Telephone International (NTTI). And in a very sense, you might think of us as three companies For starters, we're a consultant. Planning, designing and arranging financing and management services for telecommunications infrastructures. We're a systems integrator.
      155 words
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  • LEISURE
    • Article, Illustration
      Lock icon Very good morning calls
      608 16 OSCAR NOMINATIONS AP MELANIE GRIFFITH, Gene Hackman and Martin Landau each told of being awakened by friends calling to let them know they had been nominated for Academy Awards. Edward James Olmos learned of his Oscar nomination on Wednesday over a cellular telephone and Dustin Hoffman
      AP  -  608 words
    • Article
      Lock icon Give me a hard book anytime
      746 17 LITERATURE Reuter "THE HARD BOOKS are the ones that are most fun," says William Weaver, American translator of The Name of the Rose. "Simple books are no fun. You might as well translate the phone book.'' Working from the quiet of his home in
      Reuter  -  746 words
    • Article, Illustration
      Lock icon Talking about words
      616 17 LANGUAGE Reuter UNTIL RECENTLY, most English speakers would have thought a "dead-cat bounce" was cruelty to dumb animals. Now, after the stock market crash of 1967, many know only too well that it is a deceptive temporary recovery in share prices. It is one of the bizarre
      Reuter  -  616 words
  • Page 16 Advertisements
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      1006 16 I 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 Oh MAIN COURSKSi PALM mm For between $26++ and $40+ r~~ I y° u can se cct f fom our appetiser
      1,006 words
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      Page 16 Advertisements Column 2
      388 16 The cyWaestro of the isbackj 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 her velvet
      388 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      273 17 entertain.... übertua (Shrill El 3T V •> jf r a. So much to choose for only $21.50 A sumptuous spread with many diferent types of appetisers, hot and cold soups, a salad selection, superb pastries, truffles, fortes...cheese board, fresh fruit...freshly brewed coffee. All for $21.50 And for $27.50 you can
      273 words
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      Page 17 Advertisements Column 2
      0 17 .={;?|.><&(}"\%/&`*)]=':-@+?';>
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  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      634 17 CRYPTIC PUZZLE ACROSS 4 In top form vocally? (2, 4) 7 Deadlock (or half of a rugby team! (5, 3) 8 Went in tens (6) 10 Possibly no red witch's place (5) 13 A check on one's mount (4) 14 Not much of a book (4) 15 Thrust into a
      634 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      1274 17 TV and RADIO The influence of a maid f/A mwz r V r L s i What kind ol Impact doaa tha foreign maid have on tha family unit? OUR CHOICE FRIDAY BACKGROUND, 7.50pm, Channel 5 With more and more foreign maide entering Singapore, the queetion arises as to what
      1,274 words
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  • SPORTS
    • Article, Illustration
      Unfortunate, but unavoidable
      705 18  -  TENNIS By WALTON MORAIS IN THE BACK and forth of the current storm over the Bjorn Borg-John McEnroe exhibition tennis match in April, Paul Naruse has tried to be a calming influence. "I hope we can calm things down,'' he said in an interview with BT even
      705 words
    • Article, Illustration
      Lock icon Easy victories for Becker, McEnroe
      460 18 AP TOP-SEEDED Boris Becker and third-seeded John McEnroe were both off to a successful start in the U*****,500 Stella Artois Indoor Tennis Championships on Wednesday night. The American player, who turned 30 yesterday, downed West German Carl-Owe Steeb 6-3, 6-2 in a first-round match at
      AP  -  460 words
    • Article
      Betting on a cleaner racing environment
      788 18  -  HORSE-RACING by Jerome Fandor GALLOPING INTO the Year of the Snake, racehorse owners have started to voice what they (ear is a "somewhat unwanted" opinion. Racing membership of the Bukit Turf Club (BTC) has been open for a while now and is attracting good
      788 words
    • Article, Illustration
      Lock icon Just a normal neighbourhood kid
      754 18 BOXING AP THE MAN HOPING to become Britain's first heavyweight boxing champion this century is remembered in his old neighbourhood as a big kid with a soft heart. Frank Bruno, who will seek to dethrone Mike Tyson next weekend in Las Vegas, is described by
      AP  -  754 words
    • Article
      Lock icon Starling, Breland to fight
      173 18 AP AMERICANS Marion Starling and Mark Breland will fight for th« third time on April IS at Atlantic City. New Jersey, with two-thirds of the welterweight title at stake. Breland's manager, Shelly Finkel, said on Wednesday that the exact fight site had not been determined. Starling
      AP  -  173 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      465 18 THE BANK OF EAST ASIA, LIMITED ANNOUNCEMENT The Directors of The Bank of East Asia, Limited announce that the consolidated profit of the Bank for the year ended 31st December, 1988 after providing for taxation, depreciation and making transfers to inner reserves was HK5280,226,000, representing an increase of 25.1% over
      465 words
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      Page 18 Advertisements Column 2
      444 18 THE BANK OF EAST ASIA, LIMITED NOTICE SEVENTIETH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventieth Annual General Meeting of the members of the Bank will be held in the Con naught Rooms, Mandarin Oriental. 5 Connaught Road, Central, Hong Kong on Thursday, 30th March, 1909 at 11:30
      444 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Buyback bid for JCAL proves an uphill task for Jack Chia
      521 19 imnm mm™ HOCK LOCK SIEW IT'S NOT EASY to buy back your company once you've floated it on the stock market. Not even if the shares are languishing and no one else seems to want them. This was Jack
      HOCK LOCK SIEW  -  521 words
    • Article
      Rothmans' earnings slow down
      319 19 AFTER SIX YEARS of double-dig-it growth, earnings at Rothmans of Pall Mall (Malaysia) Bhd have slowed. For the six months ended Dec 31, 1988, group profit after tax and minorities rose 9.7 per cent to $42.7 million on a marginal drop in turnover to $360.3 million.
      319 words
    • Article, Illustration
      'Shares could have traded at a premium'
      266 19 Insider Trading Trial IF INVESTORS had known that the suspended shares of Seal ion Hotels Ltd would soon be relisted, they would have been traded at a premium, a prosecution witness told the court yesterday. The former chairman of the Stock Exchange of
      266 words
    • Article, Illustration
      Wing Tai, UIC in joint deal
      536 19  -  $6m annual income expected from purchase of Inchcape House By LEE HAN SHIH Property Correspondent WING TAI and its "passive partner" United Industrial Corporation (UIC) can expect an annual income of up to $6 million from their new acquisition. Inchcape House, when renovations are
      536 words
    • Article
      Material Handling likely to offer 7m shares
      187 19 MATERIAL HANOLING Engineering Pte Ltd. a local company in the automation business, is likely to offer for sale seven million shares at between 70 and 80 cents each as a prelude to its proposed listing on Sesdaq. the second market. BT understands this
      187 words
    • Article
      Inno-Pacific profits down nearly 40pc
      381 19 DESPITE a big jump in turnover, In no-Pacific Holdings Ltd suffered a near 40 per cent drop in after-tax profits to $1.04 million for the yesr ended Dec 31, 1968. The group, formerly known as Kentucky Fried Chicken (S) Ltd, hsd s turnover of $134.45
      381 words
    • Article
      COMPANY BRIEFS
      289 19 THE STOCK Exchange of Singapore said in a circular that an additional 427.732 Neptune Orient Lines Ltd ordinary shares of $1 each arising from the conversion of 122,364 Irredeemable Convertible Cumulative Preference shares will be granted listing and quotation from Feb 22. As these said will not be
      289 words
    • SES
      • Article, Illustration
        Market gains 7.2 points in another day of see-saw trading
        1104 20  -  By MICHELLE OH PROFIT-TAKING and bargainhunting were both at work yesterday. resulting in another seesaw session on the local stock market. The Straits Times industrial Index rose more than eight points in the first hour of trading, then succumbed to
        1,104 words
      • Article
        COMPANY MEETINGS
        117 20 WEARNE BROTHERS LIMITED: 74th AGM at OCBC Centre, 65 Chulia 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 Rlong, ***** Kuala Lumpur on Saturday. Feb 25,
        117 words
      • Article
        APPROVED ISSUES
        144 20 Company RIGHTS ISSUE G«««ral Corp $49.204.936 wmioI oxw M ol 8% Convertible Unsecured lo an Stock I988/T3 on lh« bash ol $2 no—nr ri oatount ol loo* stocks tor every 5 GO ilarM oi |l eoch or $2 no—nol at ■oum ol CUU 1986/93 tor every (7 SO
        144 words
      • Article
        PROPOSED ISSUES
        336 20 Company RIGHTS ISSUE Ayer Hi torn Tin One-for-o *e $1.10 per share Ber|oya Corpn One-lor-o ne |l 00 par per shore C 1 Holdings 27 million loan stocks in the roMo ol $3 loan X lock lor every five orxtnory Causeway tnv Issue ol $7 252.V37 nonnol amount
        336 words
      • Article
        SES SHARE INFORMATION
        5688 20 4A*i Tel Qr's Qr's IN 1/69 Low Company Last Vol Day Last Quote Dlv Dlv Y*ld Net M Cap mgn Cod* Sale or(•000) Ul-U nigvi Low Buyer1 teller C'vr P/E Smil FEB 16 SESOAQ 187 114 1 4000 Amtek Eng 200 134 unch 8 135 134 133
        5,688 words
    • KLSE
      • Article, Illustration
        Higher close in active trade
        3425 21 THE KUALA LUMPUR market closed broadly higher in active trading yesterday on good follow-through support. Buying was noted right from the opening bell as favourable spillover interest drove prices up in early trade which saw about 1.2 million shares worth Ms 3 million changing hands.
        3,425 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lower close after volatile day
        1382 22 Hongkong HONGKONG STOCKS closed lower after another volatile day yeeterday. The Hang Seng index closed 19.73 points lower at 3.081.14. It hit an early high of 3,130 on gains on Wall Street and in Tokyo but then fell steadily on worries about the future course
        1,382 words
      • Article, Illustration
        Lock icon Lowest in two months
        523 22 Australia Reuter MUCH WORSE than expected January balance of payments data pushed the Australian ahare market yesterday to its lowest level in two months, brokers said. At the close of floor trading, the All Ordinaries Index had plunged 27.6 points to 1.451.2. Brokers termed the A
        Reuter  -  523 words
      • Article, Illustration
        Lock icon Shares close lower
        500 22 Tokyo Reuter TOKYO stock prices closed lower yeeterday, reversing a surge to record highs in the morning, as concern of overheating swept the market, brokers said. Fear that prices were climbing too faat waa fed by a rumour exchange authorities would soon tighten margin regulations The Nikkei
        Reuter  -  500 words
      • Article
        Lock icon Bangkok: Index up
        158 22 Reuter THE SECURITIES Exchange of Thailand Index roee 0 85 points to 438.73 yeeterday on a turnover of 9,888.038 shares worth 711.88 million baht. w MKT Ao Kha/n Thai 416 4 Ayudhya Invaa tmar i 39 25 -0 25 Bangkok Aaro4nd KM 1 Bangkok Bank. Banf 0»
        Reuter  -  158 words
      • Article
        Lock icon Taipei: Gains narrowed
        393 22 Reuter THE TAIWANESE stock market narrowed its gains st the closa yesterday from earlier trade because investors continued to take profits, brokers said. The weighted index rose 4.11 points to end at 6.540.79 compared with Wednesday's 6.565.M close. Turnover fell to NT537.33 billion from NT546.4 billion on
        Reuter  -  393 words
      • Article
        Lock icon Manila: Mixed close
        70 22 Reuter MANILA share prices closed mixed yesterday as a stock dividend in a mining stock sparked interest while caution over a rise in copper prices curbed buying in others. "Investors showed a very cautious attitude," said Jesus Cinco of Papa Securities Corp. "They want to see whether
        Reuter  -  70 words
      • Article
        Lock icon Seoul: Slightly higher
        68 22 Reuter THE SEOUL stock market firmed slightly yesterday in moderate trading amid worries about the money supply, brokers said. They noted little else driving the market. "Nothing particular happened. It was just one of those days,'' a broker said. The stock market composite index roee 1.53 points
        Reuter  -  68 words
      • Article
        Lock icon Bombay: Shares fall
        84 22 Reuter BOMBAY share prices fell on a broad front yesterday in moderate trading amid rumours that Prime Minister Rajiv Gandhi would soon announce a major Cabinet reshuffle. Brokers said the possibility of a change in the finance portfolio, considered significant becausa of the budget due at the
        Reuter  -  84 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Moderate gains for stocks
        717 23 New York Reuter SOME LATE BUYING helped push US blue chips on Wednesday to their first closing gain this week. Traders said investors covering short positions may have helped propel stock prices. A recovery in the dollar as concerns about a West German rate hike receded
        Reuter  -  717 words
      • Article, Illustration
        Lock icon Equities open steady
        968 23 London Reuter LONDON SHARES opened steady yesterday with prices generally firming where changed in response to Wall Street s overnight climb. But dealers said underlying concern about UK inflation is making investors cautious. Storehouse (ell 5p to 174, after a quoted low of 168, on news that
        Reuter  -  968 words
      • Article
        Lock icon Elders steps up bid to block merger
        468 23 Battle to be taken directly to MB shareholders FT ELDERS INVESTMENTS has intensified its campaign to block the proposed merger between the packaging arm of Britain's MB group and Carnaud, the French packaging company, when it said it would take the battle directly
        FT  -  468 words
      • Article
        Lock icon Nixdorf expects criticism against cut in preference share dividend
        678 23 Reuter THE MANAGEMENT board chairman of West Germany's Nixdorf Computer AG, Mr Klaus Luft, said he was dissatisfied with company profits in calendar 1968 and expected criticism from shareholders about a cut in the preference share dividend to four marks from
        Reuter  -  678 words
      • Article, Illustration
        Lock icon BA reports 46pc profit rise for third quarter
        184 23 AFP BRITISH AIRWAYS (BA). Britain's top carrier, has said its pre-tax profit surged 45.7 per cent in the third quarter of its 1968-1969 trading year from a year earlier. The airline said its pretax profit was £51 million (US$9O.4 million) in the
        AFP  -  184 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1581 23 Reuter MILAN: Italian shares edged higher yesterday on the first day of the new bourse account, but institutional investors were largely absent from the market and there appeared to be little enthusiasm for the government's latest package of proposed spending cuts, dealers said. The MIB index finished
        Reuter  -  1,581 words
      • Article
        Lock icon Sony profits surged in last quarter
        124 23 Reuter STRONG global sale* of video and audio products have pumped up Sony Corporation's profits by 44.4 per cent in the last three months of 1988, the electronics giant has said. "They're firing on all cylinders still," said Alan Bell, an analyst with Salomon
        Reuter  -  124 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      418 19 THE BANK OF EAST ASIA, LIMITED NOTICE EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of the Bank will be held in the Connaught Rooms, Mandarin Oriental, 5 Connaught Road, Central, Hong Kong on Thursday, 30th March, 1989 at 11.35 a.m. or as
      418 words
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      Page 19 Advertisements Column 2
      20 19 Clambo has been held over due to pressure on space Keep your investment decisions on target HABXPQINfjp EVERY SATURDAY JL
      20 words
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      Page 19 Advertisements Column 3
      253 19 CURRENCY INVESTMENT AMI K|( I XI'KI ss IS \\K TEL: 321 3333 i/urn tin <9footAn%and of (fydljliallfjKa/ayAia)&e\Aad m (Incorporated in Malaysia) ANNOUNCEMENT 1 Unaudited reeults of the Rothmens Malaysia Group'* operations for the haff-yeer ended 31et December 1988 are as foflowa: JULY/DEC. 1968 JULY/DEC 1987 Notwithstanding increases in sake volume
      253 words
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  • Page 22 Advertisements
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      701 22 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF REGENT TRADING PTE LTD (Incorporated In Singapore) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of members of Regent Trading Pte Ltd duly convened and held at 151 Cbln Swee Road #02-12 Manhattan House,
      701 words
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      Page 22 Advertisements Column 2
      584 22 In The Matter of The Companies Act Cap 50 And In The Matter of ANG FOUNDATION (In Voluntary Liquidation) Members' Voluntary Winding Up. At an Extraordinary General Meeting of the Councillors of the abovenamed Company duly convened and held at 11 Ellenborough Street, Singapore 0105, on the 13th day of
      584 words
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      Page 22 Advertisements Column 3
      707 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF MACGREGOR NAVIRK MARINE CONSULTANTS PTE LTD VOLUNTARY LIQUIDATION) NOTICE IS HEREBY OIVEN In pursuance to Section 306 (1) of the Companies Act, Chapter 50, that a Final General Meeting of the abovenamed company will be held
      707 words
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      Page 22 Advertisements Column 4
      576 22 In the matter of THE COMPANIES ACT. CAP. 80 and In the matter of R J MEAD CO CONSULTANTS (PTE) LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 51 Anson Road. #03-57 #02-56 Anson Centre, Singapore
      576 words
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      Page 22 Advertisements Column 5
      685 22 high court or SINGAPORE COMPANIES WINDING UP NO. 25 OF 1967 In the matter of the Companies Act, Cap. SO And In the matter of LIGHTHOUSE CONTRACT SERVICES PTE LTD (In Liquidation) ADVERTISEMENT OP APPOINTMENT OF LIQUIDATOR By Order of the Court, dated the 16th day of January, 1969, Mr
      685 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      3 23 "|[{}/+=}^_.'|^\?^,<|'*-^-"({:, MANAGEMENT every Monday
      3 words
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      Page 23 Advertisements Column 2
      365 23 NOTICES IDEAL INVESTMENT HOLDINGS PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING Notice Is hereby riven pursuant to Section 306 of the Companies Act, Cap. 50 that a Pinal Meeting of Members of the abovenamed Company will be held at the Office of M/b John Aw A Co.. Blk 166
      365 words
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  • Article, Illustration
    'NEP review will not hurt foreign investments'
    596 24  -  By JOHN THOMAS MALAYSIAN Trade and Industry Minister Datin Paduka Rafidah Aziz yesterday assured foreign companies relocating in her country that economic policy changes would not disadvantage them and said that new incentives were in the offing. Datin Paduka Rafidah, emphasising that Malaysia
    596 words
  • Article
    S'poreans, M'sians urged to build closer ties
    316 24 DECLARING "we have more in common between us than the rest", Malaysian Trade and Industry Minister Datin Paduka Rafidah Aziz yesterday urged Singaporeans and Malaysians to work on building closer rapport. Datin Paduka Rafidah, one of Malaysia's younger political leaders, made the plea
    316 words
  • Article
    Lock icon Beijing warns Hanoi to honour promise
    298 24 UPI CHINA said yesterday that it would continue direct talks with Vietnam on the future of Cambodia but warned Hanoi that it must keep its promise to withdraw its troops from the occupied nation by the end of September. The two sides will hold
    UPI  -  298 words
  • Article
    Hongkong faces severe labour shortage
    360 24  -  By FOO CHOY PENG Hongkong Correspondent A SERIOUS SHORTAGE of both skilled and unskilled workers has emerged as a major problem in almost all sectors in Hongkong, according to the latest survey of business expectations. In the survey, business sectors ranging from manufacturing, construction, distributive
    360 words
  • Article
    Lock icon 'East Asia becoming world's dominant economic region'
    233 24 AFP EAST ASIA is poised to become the world's dominant economic region, challenging North America and Europe, an investment company controlled by West Germany's Oresdner Bank AG says. "The East Asian region is beginning to become more self-contained and much less dependent on
    AFP  -  233 words
  • Article
    Lock icon Trade probe: KL unlikely to be on US priority list
    281 24 Bernama MALAYSIA is unlikely to be picked as a "priority country" for investigations about unfair trade practices under the new US omnibus trade Act, a trade expert said in Washington yesterday. Under Section 301 of the Act. the US Trade
    Bernama  -  281 words
  • Article
    Lock icon Afghan rebels propose interim government
    366 24 Reuter AFGHAN REBEL politicians have presented a proposed interim government to a key consultative council in what could be a major step towards unity. Western diplomats and delegates to the council, or shura, said in Islamabad yesterday that the outcome of the meeting, dogged by
    Reuter  -  366 words
  • Article, Illustration
    Hanoi creating a more supportive investment climate
    330 24  -  By ASAD LATIF Foreign Editor VIETNAM APPROVED 30 foreign investment projects with a total value of more than US$3OO million over the past year, Nguyen Xuan Oanh, member of the Vietnamese Parliament and adviser to the Hanoi government, said here yesterday. Apart from
    330 words
  • Article
    Lock icon Vietnam adopts new agricultural tax policy
    208 24 AP VIETNAM HAS ADOPTED what it described as a "just, reasonable and uniform" agricultural tax policy that provides for exemptions during crop failures and on newly opened land, Hanoi Radio said. The broadcast said agricultural tax would be collected mainly on rice production but
    AP  -  208 words
  • Article
    Lock icon Comex gold
    77 24 Reuter COMEX GOLD futures were locked early yesterday in a narrow trading range while maintaining a steady undertone as traders squared positions on today s US trade number and the US holiday weekend. April gold hovered at Wednesday night's close of U*****.20 an ounce after a high and
    Reuter  -  77 words
  • Article
    Lock icon Parties to Cambodian issue restate hard-line positions
    446 24 AP IN SPITE OF widespread calls for flexibility, the parties to the Cambodian issue restated their hard-line positions as they prepared yesterday for a second round of multilateral talks on the decade-old conflict. In an opening statement, Indonesian Foreign Minister AM Alatas, the
    AP  -  446 words
  • LATE FILE
    • Article
      Lock icon Ruling party wins in Sri Lanka
      44 24 AFP SRI LANKA's ruling United National Party, which has been governing the nation since 1977, yesterday won another six-year term following the first general election in 11 years. The UNP captured 125 seats in the 225member national Parliament.
      AFP  -  44 words
    • Article
      Lock icon Arab economic bloc formed
      58 24 Reuter THE LEADERS of Iraq, Egypt, Jordan and North Yemen signed an agreement yesterday joining their 80 million people in a new Arab economic bloc. Presidents Saddam Hussein of Iraq, Hosni Mubarak of Egypt and Ali Abdullah Saleh of North Yemen and Jordan's King Hussein signed
      Reuter  -  58 words
    • Article
      Lock icon Construction orders soar
      32 24 Reuter SOUTH KOREAN construction companies won new overseas orders worth US$lB2 million in January, up sharply from US$45 million in January 1968. One Libyan order was worth US$lO7 million.
      Reuter  -  32 words
    • Article
      Lock icon S Korea repeals decree
      49 24 Reuter THE SOUTH KOREAN Cabinet decided yesterday to abolish a controversial law that cost 10,000 civilians, civil servants and soldiers their jobs under former president Chun Doo Hwan. The decision calls for abolition of the 1980 presidential decree, widely criticised as an apparatus against dissent.
      Reuter  -  49 words
    • Article
      Lock icon Thai leader meets Ghafar
      45 24 AP THAI Deputy Prime Minister Pong Sarasin conferred yesterday with Malaysian Deputy Prime Minister Ghafar Baba on cooperation in tourism, drug problems and other matters. The two leaders expressed satisfaction at the close cooperation and relations between the two countries. AP
      AP  -  45 words
    • Article
      Lock icon Thai row over suggestion
      52 24 Reuter THAI women's groups reacted angrily to a minister's proposal to legalise prostitution, which provides a living lor about 700,000 women. Women's intersst groups said that Intarior Minister Pramarn Adireksarn's suggestion would sncourage prostitution and that, instead, existing laws against the sex trade should be strictly
      Reuter  -  52 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      156 24 THE r PENTHOUSE SjPktt"'* (HOLLAND RD) fH/Xi 1 1 Holland Avenue »04-01 Holland Shopping Centre S'pore 1027 Tel .16RR90K 4« r >H«>S2 FREE! One Suckling Pig, for every table of Suckling Pig Set menu ordered. No Take-aways LOCAL SUCKLING PIG SET MENU $288 Lucky Raw Fish Shark's Pin Soup with
      156 words
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      Page 24 Advertisements Column 2
      16 24 More stories on Page 4 Soviet put lout from Afghanistan a miracle, saya Pakistan, Paga 4
      16 words
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      Page 24 Advertisements Column 3
      64 24 Ear Her story on Page 4 Tha silver report was not available at praas-tima. pt HEALTH S REGENT HEALTH SPA m fit a r TEL: *****68 (5 Lines) iWif L." *<U We are the same team trom EMPRESS HEALTH CENTRE with great differences Massage Hot/Cold Pools Sauna Bath Gymnasium Steam
      64 words
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  • SHIPPING TIMES
    • Article
      PSA extends deadline for new ruling on LCL cargo
      432 25  -  By LILY FERNANDEZ THE Port of Singapore Authority has extended to the second quarter of this year the effective date of a new ruling which was issued to shipping lines in December. A circular dated Dec 19 informed shipping lines that
      432 words
    • Article
      Singapore chosen as a venue for IMO film
      327 25 SINGAPORE has been chosen as an Important venue for a film on documentation facilitation, produced by the International Maritime Organisation. The IMO. a specialised agency of the United Nations, will be distributing the film to governments of 133 countries which are IMO
      327 words
    • Article
      ICS team to visit Port Klang on Feb 24
      136 25 THE Institute of Chartered Shipbrokers (Singapore branch) will be sending a delegation to Port Klang and Kuala Lumpur on Feb 24. Mr Michael Leong, chairman of the Singapore branch of ICS. said that the main objective of the official visit, its
      136 words
    • Article
      Jurong delivers first ship to Baltic
      143 25 JURONG Shipyard yesterday delivered the Tikhon Kiselev, the first in a series of six container ships to be converted for the Baltic Shipping Company of the Soviet Union. The job entails the lengthening and conversion of the vessels from a previ ous capacity of
      143 words
    • PORTSIDES
      • Article
        Delays at Aussie ports
        71 25 A UNION dispute about overtime is causing serious congestion at Sydney ports and 10 vessels have by-passed Sydney's Port of Botany in the past fortnight, an Australian Maritime Services Board spokesman said. Other Australian ports such as Brisbane, Melbourne and the north Tasmanian ports of Burnie
        71 words
    • Article
      Lock icon Seaway expects modest rise in traffic
      271 26 Reuter THE St Lawrence Seaway Development Corp anticipates a modest increase in shipping traffic this year as repairs continue on structural problems that disrupted shipping in 1984 and 1985, a spokesman for the agency said. "We don't expect a dramatic increase. but we do
      Reuter  -  271 words
    • Article
      Lock icon Zambia, Tanzania to improve railway
      385 26 Reuter ZAMBIA and Tanzania are taking measures to improve the efficiency of the Tanzania-Zambia railway (T*z*ra), Zambian Transport Minister Enos Haimbe said. Brigadier General Haimbe said the measures to upgrade one of southern Africa's strategic transport routes included re-powering existing locomotives, procuring new locomotives and
      Reuter  -  385 words
    • Article
      INDEX TO ADVERTISERS
      1067 26 A WM Mono* m 1 AS Shpg V s ABSS Uaa n 3 ABC Coalaiaar n 1 Accord Shpg VI i/a Ahraafaal Uaar I 4 AMraat N 1 AC Toap4ar m s Tpl I 4 Aaro Soin IV w Arrow law a s A«a» Ocaoa <0 4
      1,067 words
    • Article
      Lock icon Crewmen missing after Dutch tanker slams into jetty
      215 26 UPI A DUTCH tanker slammed into a jetty in the northeastern Algerian port of Skikda during a storm on Wednesday and sank in deep water, leaving at least 27 crew members missing and feared dead. The tanker had arrived from New York
      UPI  -  215 words
    • Article
      Lock icon Kuwait undecided about tankers' future
      387 27 Reuter WITH few signs of trouble in the Qulf, Kuwait is undecided about what to do with five of its 11 tankers that still fly the American flag to gain the protection of US warshipe, US and Kuwaiti officials said. "It depends on the situation
      Reuter  -  387 words
    • Article
      Lock icon "K" Line wins naphtha deal
      260 27 Lloyd's List "K" LINE has clinched a 12-month contract of affreightment to haul 500,000 tonnes of naphtha from the Middle East to Japan. The deal involves major Japanese refinery Showa Shell Sekiyu and covers FOB shipments from various Middle East producers including Saudi Arabia, Kuwait
      Lloyd's List  -  260 words
    • Article
      SHIPPING EVENTS
      408 27 Feb 28-21 41st CMIA Annual Technical Conference and Canadian Shipbuilding Offshore Exhibition, CSOE '89, Queen Elizabeth Hotel, Montreal. Contact Mrs Joy MacPherson, Canadian Maritime Association, PO Box 1429, Station B, Ottawa, Ontario, KIP 5R4. Feb 21 The dispersion of gases in offshore platforms, Joint Institute of Marine Engineers
      408 words
    • Article
      Lock icon Eight tons of hashish uncovered at Hamburg
      180 27 AP INVESTIGATORS have the largest seizure of hashish in West German history, eight, tons of Lebanese hashish sent to Hsmburg harbour on a container ship. "According to the most re-. cent results of the investigation, the drug was intended for the Canadian or
      AP  -  180 words
    • Article
      Positive trend continues at Mina Zayed port
      252 27 RECENT developments in Mina Zayed, the port of Abu Dhabi, show a positive trend which seems to continue. The Seaport Authority has retained the services of HPC Hamburg Port Consulting GmbH and Blohm Voss AO in 1988 in a bid to increase port
      252 words
    • Article
      LONDON FREIGHTS
      1350 32 SOVIET operators are reported on Wednesday to have arranged several more vessels on time-charter including a 64,000 tonner from Gibraltar for a trans-Atlantic round trip at US$ll,5OO daily, shipbrokers said. They were said to have fixed a vessel of around 30,000 tonnes dw for similar business st just
      1,350 words
    • Article
      SHIPPING LIST where your ships are due...and when
      6848 32 AARMUS VMa Om Marcura. CM O'WMmrt. F«t> 17 Ming Qlory. Yanf Ming. Fab lb hUMU ScanOulcht FaO 20 Luo Ha. CNna Oct Shpg. Fab 21 Nor—la Paarl. Noraaia Una. Fab 22 Ivor Qtvan. Fab 23 London Enpraaa. Trtot Fob 23(PK). Moorak Roflafdwi.
      6,848 words
    • Article
      SHIPS IN PORT
      1076 32 AT CON> TTTT ONAL WH ARVE8 VMM! im h Arrival KEPPEL WHARVES A*o lower Con Ma r,oi»»in <*»», KIS I702/0t00 0 KI4 ao at as Koupwdt okoii9>S» nam I702/0t00 1*02/2000 1702/100 Toko 04 otoapM* 1102/0700 CO* otor^ad* 1702/2300 Ywifci at atongMd* I70MM0 CruMuMtafc/ f KIS 1702/1 tOO
      1,076 words
    • Article
      BUNKER REPORT
      770 34 THIS FORTNIGHTLY REPORT, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars, instead of single prices for more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual changes
      770 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      755 25 V? CGI 1 I*" E? Jnrdines vI»J Mm* I-J\ V M 200 Cantorwnant Road fU-OS Southpomt Sjngapora 0201 Tal 2ZIBII TELEX NO RS 2(179 TERMINAL/CfS T«l *****U 220 BOOKINGS Tal *****34 23S PESAKA J Ait DINE SHIPPING AGENCIES SON. BHO POST KELANG TEL 36* US Tain No MAJ8477MA***** PENANC TEL
      755 words
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      Page 25 Advertisements Column 2
      65 25 mm ZAMBIA and Tanzania are taking measures to improve the efficiency of the Tanzania-Zambia railway (Tazara), Zamblan Transport Minister Enos Haimbe said. Page II WITH few signs of trouble In the Gulf, Kuwait is undecided about what to do with five of its 11 tankers that still fly the American
      65 words
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      Page 25 Advertisements Column 3
      865 25 ~°tvV TIMES STP Distributors MAERSK LINE DESTINATIONS TMa mk Margrattte M Ctoetng Thee CY 21/3 0700 HRS CFS 20/2 2100 MRS MARGRETHE M LOUS M LEOE M LARS M LAURA M REQINA M L£XA M A4CKMNEY M To California US Gulf US Atlantic-E.tsl Canada Am Water Service TTTMreTwrTw■■"■■ M ROTTERDAM
      865 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      506 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT LONOON EXPRESS BENCAIRN HAMBURG EXPRESS KURAMA MARU BOiALDER P. KELANQ SOUTHAMPTON 25/2 HAMBURG BREMERHAVEN IW3 ROTTERDAM/ ANTWERP LE HAVRE 22/3 ALSO ACCCPTIM CARGO TO; ALL UK INLANO DESTINATIONS. BELFAST, DUBLIN, COPENHAGEN, AAftHUS, GOTHENBURG, MALMO. HELSINKI, OSLO. AMSTERDAM. CARIBBEAN i S. AMERICA CONTAINER SERVICE FROM
      506 words
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      Page 26 Advertisements Column 2
      100 26 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. I**'*. Sf C SAV Corrpjnu Sud Amer<cona do Vjpores S A Line t'%i J/% EXPBESS savce to/from chu ruou Is-pomlhothu vusti |hk toko mica mn antotvalf sai una CSAV2 Up ARAUCOMS? HVi 12/3
      100 words
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      Page 26 Advertisements Column 3
      726 26 TO EUROPE PEA 0 NORASIA PEARL VSS3I-3 11/2 17/2 NORASIA PRINCESS V 032-3 2/3 3/3 NORASIA SUSAN VMU-3 10 3 11,1 NORASIA SINGA VWB-3 20/3 21/3 Abo accapting cargo to *11 U.K. OMtimtiont, Scant Antarp via Rottardam REGULAR INDEPENDENT RILL CONTAINER SERVICE (VIA FECOCR) EN PKL SIN SOU ROT ANT
      726 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      736 27 v\\ SiJJ The Straits Steamship Group P&O Containers STRAITS SHIPPING Singapore to Sibch, Sirewik, Brunei Ports and Bangkok pilar OCNAVON OSAKA BAY NTAINER SERVICE TO UK/CONTINENT. p.kimi rtn N-k*t rkmrta lm "2 urn m am am um um am am am mm am am am mm mm am am am
      736 words
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      Page 27 Advertisements Column 2
      568 27 •Jl> M.V. "ONWARD SOLDIERS" VOY. 46 Arrived Singapore 8.02.1988 Consignee 0 f ail a»m**ea carroes ex the captioned veeeel are hereby notified that a Oeneral Surrey will be held on the 30th February 1906 (Monday) at Kernel Wharvei K3O from 0900 hours 1200 hours No farther surrey will be entertained
      568 words
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      Page 27 Advertisements Column 3
      68 27 AVAILABLE TWO BARGES WITH COMBINED CARGO CAPACITY OF 6500 TONS DEADWEIGHT PREFERABLY LOOS OR PIPES FOR LOADING AT SINGAPORE/MALAYSIAN PENINSULAR TO EAST OR WESTBOUND PORTS Contact Persons: JUPRI R KASIRAN/ CINDY Office Tel Nos. *****11 Direct *****34 Pager *****47 Si EUROPE SENATOR LIMIE General Agwt: NewShb*' AGENCIES PTE LTD" Tel:
      68 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      353 28 mSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES rr n MEEAO PJL in TAJUm PJL 673 ETA 1/2 BANDAR ABBAS ETA W BANDAR ABBAS KYOWA LINE SOUTH PACIFIC SERVICE MOWER VSL S POKE HK LOAD FOR: KVOfcA HIBISCUS V 35 2/3 KYOWA VIOLET VJ4 21/3 2/4 a •DIRtCT
      353 words
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      Page 28 Advertisements Column 2
      951 28 HANJIN SHIPPING CO., LTD. KUt I V CONTAINERISED SERVICE TO EUROPE VIA SUEZ TO USA PACIFIC SOUTH WEST TO PACIFIC NORTH WEST CANADA UNI MAUI NANJM KWUKTANC SX hanjin cmuu m KotiAN «oms om n MHG PUS SIA VCR 2M W 14fl IV3 v m a/t zm www w FROM
      951 words
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      Page 28 Advertisements Column 3
      1179 28 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ever GOVERN EVER GARDEN EVER GROWTH EVER GRANO EVER GREET EVER GOLDEN ALSO ACCEPTING CARGO TO: HKC KSG KLG in ft tx/n am am nm am 2M» VQ op mm twc 07* OMB .OAB UP UVO3 irn IVI3 vm mxn mw am
      1,179 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      867 29 w PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel *****33 FAR EAST CONTAINER SERVICE BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE SIN 1M 2012 22/2 2212 23/2 3/3 VOY BLW PEN PKL KOTA MELATI KOTA MCLATI SEA QLOfIY SEA QLOfIY SEA QLOfIY SEA OLONY 401N
      867 words
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      Page 29 Advertisements Column 2
      645 29 w BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT w an iw up im w m i*j an nn an ao tw Off Mff Mff Off Off an m m on Off IW #4 W V 4 V 4 7M m LW si m* m* u* on m m m
      645 words
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      Page 29 Advertisements Column 3
      504 29 D J AS AGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYI P.T. 6ESURI LLOYD P.T. SAMUDERA INOONESIA P.T. TRIKORA LLOYD r EXPRESS SEMI CQNTAINERSHIP SERVICES 1 mmmi mm SPORE ANTWERP H'BURI I ROAM/ADAM BREME Port SaM. Pari Alexandria. Genoa, Trie#* ALSO ACCEPTING BOTN CONTAINERS, CONVENTIONAL CARGO VIA T/S TO
      504 words
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      Page 29 Advertisements Column 4
      296 29 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'port P.Kelang Ponang Bangkok. pagan nm mtoneywa vim* TAUMG CYQ VMM PA-AM VUM I "TEr F BANK LINE mmmanf SPORE ROAM HULL TAUSALA SAMOA VIA* 22/2 I*3 2*3 23/3 MORAYBANK V7N 23/2 27/3 2/4 M CLYDEBANK
      296 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      773 30 Q K LINE KAWASAKI KIShN KAISIIA. LTD. at wv j u »< .m. n H. BRIDGE VIE/0. FORTUNE 13 0. FAIR Vl3/AMBASSADOR BRIDGE 21 NEPTUNE GARNET 19 0. FREEDOM 24 NEPTUNE JADE ORIENTAL FAIR NEPTUNE GARNET ORIENTAL FREEDOM 9IHI lexport of ACE) SEVEN SEAS BRIDGE HONGKONG CONTAINER RHEIN BRIDGE NUMBER
      773 words
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      Page 30 Advertisements Column 2
      531 30 INDIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Conlelnerß JALA BALA *.CIM TULSIOAS *J9H KALI DAS V.4IM TULSIOAS *.40H KALIOAS V.42H TULSIOAS *.41H Motfw Vd By Feeder By Feader 21 Fefc *uag/MadravCalo«a t Mar |M» I Me> Cu>w*»Ka.idfcßeirtia, 7 Apr 2 Apr 2 Apr Cotombor KandM/Bomtey X Apr H Apr 2S Apr
      531 words
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      Page 30 Advertisements Column 3
      477 30 GOLDEN LINE OMN OMN SWUNG (PTE) LTD W fgigk (l rM l SIMGAPOffC ItM Ttl UOW (M LIN(S) Fm: U4HM STRAITS/PERSIAN GULF SERVICE: S'por. pkhmc fmm, golocn vtmou s|u GOLMN HAVEN Catanbo/KifKlWDuta 11/lj Mar CWNA SIXVICt A VESSEL H**WW ShM*» 2V21 F«k CHINA OCEAN SHIPPING COCKING THE PEOPLE S REPUBLIC
      477 words
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      Page 30 Advertisements Column 4
      253 30 PHIU OniCNT LINCS PT€ LTD pr~\ M|*o «1 *0! VCN »C*C AfPC A$A BOHOiNG S NGA p O e "ICS T€L€* 9S 2V21 Phil fJi ■i- J, -ifti i i rn l<r.WT? J l.'t' !ll' l >iiT' T 17/2, 27/2 11/2. 27/2 23/2 ■ADRAi, CALCUTTA Fa a La EAST/WEST "T
      253 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1197 31 A|tnts S port NEPTUNE M2NCES PTE. LTD. Eaqwrm 27W77 Bookmai FttUVAUST 27J5753 *****19 *****18 Book ion TPA/SCA 27*5742 *****16 *****4* Outward *****44 T trim nit *****22 CfS *****53 NEPTUNE NEPIM SON BHD P Keianf R Lumpur Ptnan* aow; »i4OO ara? 23D40 emo 23D41 S27KI &27C82 EXPORT SiSEiMEiE«SEi IMPORT PRBDBR VBL
      1,197 words
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      Page 31 Advertisements Column 2
      716 31 ff 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 ***** PCNANC KELANG MISSUS MAI TMONC SHIPPING 127 Ponaf* Street Pcnanf, Mataysa MfS NANOiINC SYSTEM CO SON.
      716 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      258 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (34 Lam) FAX *****39/*****/6 TELEX RS ***** A/8 SSCMA. RS ***** A/B SSCAO I DSR-LINES .EB DEUTFRACHTSEEREEOERE ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE v TO EAST MEDITERRANEAN A NORTH CONTINENT EUROPE TIA LARNACA: ACCEPTING CARGO FOR UMASSOL. BEIRUT, LATTAKIA
      258 words
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      Page 32 Advertisements Column 2
      63 32 T.S.K. LINE l\ WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TO TAIWAN A JAPAN imnrTinmi MEWKS ACE VII HERMES ACE VM FROM JAPAN TAIWAN HCMKS ACE VU HimtS ACE VM OJaCTinrinn pKUNEAGEHCIE B (8) PTE LTD TEL: 2256M8 W. MALAYSIA AGENT: TRANS-ASIA SHIPPING CORP. TEL: K.L. *****77 PKL *****64 PNG
      63 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      122 32 Regional Weather < Wa '4 1 L. W«d dvcclton witt) tp**d m knots Wo« ho»qh» uciho R Thund*r»torm C A v Shower W«a»h«r _X Wnd drcchon wlh ipnd in knot* Ran U Goody Sky Wov h^w WjMMdimatoWkrtnMMHraitliteMrf On. mi crcM mnuoK cokn or and vanaM* mfc On* halt IWch* nprMMi
      122 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      497 33 PFARGO SHIPPING Tel:aa4olSa, f REGULAR EXPRESS FCL LCL SERVICE ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND vs. W iw TNT Ciprto 221 I 2*3 I M lUN f HUO4C 222 I 144 21/4 I VIA 1* DATS TO SYDNEY TO USA/CANADA USA Houston, Savannah, Tampa, Jacksonville, Wilmington (Dot) Norfolk, Baltimor*. New
      497 words
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      Page 33 Advertisements Column 2
      335 33 1 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL *****33 (10 Lmeei FAX ***** 15 TELEX RS ***** AISMIP |3 Lin«*»! •n ■"< ■m —4* IPS LINE CALCUTTA/KARACHI/CHTQONQ/CBO REGULAR CONVENTIONAL UNER SERVICE !r—Sr S3C ten PAKISTAN NATIONAL SHIPPING CORP., KARACHI. ft MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND
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      Page 33 Advertisements Column 3
      673 33 (CHILEAN NATIONAL UNI) GREAT ANDES SERVICE Ml IQUtqUC VALPARAISO STO iauco i v* m* CARGO FOR PUNTA ARENAS TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO NEPTUNE AGENCIES PTE LTD BOOKINGS: *****34, *****71, *****65 i SHIPPING HONGKONG/ ALL CHINA POITI W3/9* <»* 1«/ M AMM IXL A ra li iff-'*
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      Page 33 Advertisements Column 4
      112 33 Til: Z247M1 Tk 43M1 CFSM FAX: *****N TORONTO/VANCOUVER LOS ANGELES/NEW YORK ROTTERDAM/HAMBURG FELIXSTOWE/LONDON SYDNEY/MELBOURNE FREMANTLE P. MORESBY/ LAE/ RABUAL COLOMBO HONGKONG/CHINA :F [t\ A*] KEELUNG/KAOSHIUNG MANILA BUS AN P. KELANG/PENANG TOKYO/YOKOHAMA JAKARTA m PERKINS pjy. LTD. CmHmt A HOMO CarfM* CTA/CTD rroti vm f* rro dmww smm fTA/tTO m*l ]iftt
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      Page 33 Advertisements Column 5
      289 33 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 Q IRAQI LINE IRAQI ST ATE ENTERPRISE EOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR MV ALKINDI 21/2 Korea. Japan WEST BOUND SERVICE MV SINOSAD 21/2 UM Qasr/Batrah/BafMad ft Other Arabian Gulf Ports THROUGH 8/11 It
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      Page 34 Advertisements Column 1
      616 34 n\ FINE-LINER SHIPPING PTE LTD U Vinton rt,, 04 u2C Mmm HOJS-* > <s TLX RS 4\'b4l FLIN?R fAH .WsV) EUROPE SERVICE (FCL LCL) ll ,Ml IBs ra FAR EAST SERVICE (FCL A Z 3 11 i MIDDLE EAST SERVICE (FCL A LCL) ***< IHQ 0U« SHI AM OMI KWT
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      Page 34 Advertisements Column 2
      701 34 ZIM acxt: m m mm%'r i* 2 3 mt4>'ftt'W I r™T¥ i rn **w rr* 'I I GT7I >11 I-':' ZiM ROPER 1M ZIM KAOMSIUNS 7/1 ZIM VENEZIA 171) ACCERTIMM CAMMO TO AOELAIOC VM MELBOURNE ZIM EILAT CONTAINER UK IcOLD STAR line! GOLD HILLA Abidjan/Apapa/Lagot/Cotonou Port Harcourt/Taau/llonrovia/Laino 15/3 GOLD FUTURE
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      Page 34 Advertisements Column 3
      320 34 Everett Lines/ 1 COMPANIA DE VAPOREB "PERUVIAN STATE LINE" MAT ARAM I, ILO* ANO ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON -PV THROUGH BILL OF LADING TO FINAL DESTINATION. P. KIW T'tbiii I ROSEEVERETT JOHNEVERETT aja M* "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE YOKOHAMA, KOBE, NAGOYA, MOJI,
      320 words
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      Page 35 Advertisements Column 1
      314 35 Seabrfdgfe JEURO AFGHAN/IRAN/IRAQ SERVICES SEABRIOGE EUROPE S SCANDINAVIAN SERVICES WEEKLY FCL/LCL GROUPAGE FROM SINGAPORE PORT KELANG m PENANG JOMORE UK. HAM, 171. L HAVRE, ANT. COMM. AN AH US, STOCKHOLM, I CPH, GOTBG, IMRStILIES, OSLO 4 ALL INLANO DESTINATIONS WIN" SEABROIGE FAR EAST. VIETNAM CHINA SERVICES WEEKLY FCL/LCL GROUPAGE FROM
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      Page 35 Advertisements Column 2
      84 35 INTERTEAM Mif.W :u:IV, -t W:T »!iJ-VIII LCL CONSOLIDATION TO:18/2 18/2 28/2 18/2 18/2 18/2 18/2 21/2 24/2 24/2 24/2 28/2 22/2 **********8 R) INTERTEAM SHIPPING AGENCIES PTE LTD TEL: 225 2827 (10 LINES) TLX ***** FAX 225 7230 Consolidation Service PAPUA NEW GUINEA SIN: 28/2 PT MORESBY/LAE PACIFIC ISLANDS SIN:
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      Page 35 Advertisements Column 3
      550 35 tttttTT 1 i I i L 1 i i 11 k MNMWO TNANMOWTATION (PTI) LTD WEEKLY LCL/FCL SERVICE DCOTMATIOMO ETA SMQAPOftC PORT KELANG 18 FEB MANILA 19 FEB HONG KONG. ALL CHINA PORTS 17 FEB KEELUNG. KAOHSIUNG 19 FEB BUSAN 31 MAR TOKYO. KOBE 21 FEB CHITTAGONG 22 FEB DUBAI
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      Page 35 Advertisements Column 4
      611 35 GLORY NAVIGATION GRC TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* $p nan m kaom GLORY SCLATAN VIII V«y M *P GLORY SCLATAN yiYtfU GLORY SCLATAN VII V VP 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM
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      Page 35 Advertisements Column 5
      431 35 PTC CONTAINER LINES FCL LCL SERVICE J i.'.uq. 28/2 ROM/HAM/ANT/LE HAVRE/GENOA 28/2 LDN/FLX/LVP/SOU 19/2 LA./NYC/SFO 19/2 VANCOUVER/TORONTO/MONTREAL Kvtii "frj 13/3 AUCKLAND/WELLINGTON 28/2 P. MORESBY/RABUAL/LAE 21/2 BOMBAY/MADRAS/CALCUTTA 21/2 COLOMBO 21/2 KARACHI c/c.7 CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL 28/2 HAIRATAN/KABUL/TOURGHUNDI General Agents POH TIONG CHOON SHIPPING (PTE) LTD T=w
      431 words
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      Page 36 Advertisements Column 1
      411 36 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 linesi Tlx ***** A RS ***** fc. -\k MM I) STRAITS/ JAPAN/ STRAITS SERVICE PECIALIST IN RO-R0 HEAVY LIFTS IML INTERMARITIME SOUTHERN AFRICA SERVICE *Mm cjW* KJL PE. GENERAL AGENTS: MAI SUN HUP CO. (PTC) LTD. PORT KELANG PENANG zmm tcl:
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      Page 36 Advertisements Column 2
      322 36 EXPRESS Ia>CHO YANG LINE FAR EAST/EUROPE FULLY CONTAINERISED SERVICE WESTBOUND BRE FU 12/3 13/3 2W VI3 V* V* v* m EA3TBOUND NUMBER bRIDGC 01E CMOYANG SUCCESS Ldf lor HK/KAO/BUSAN/OSAKA/TOKYO I CAVN NAf'ONAw L N O' »fNf MERCHANT PRINCIPAL OC-U4 To Buenavmtura/Barranquilla/Santa Marta/Cartagena/ Cmtobal/Santo Domingo/Port Au Prince Pto Quetzai/Acaiutla/San Loreiuo/Corinto/Pto Caldera
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      Page 36 Advertisements Column 3
      337 36 P\iU Li P.T. MASKAPAI PELAYARA PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO JUT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INOONWA MftVtCt SINGAPORE THAILAND SCRVICB
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      Page 36 Advertisements Column 4
      601 36 mm® —v 4 CALL US AT: P. KELANG PENANG i. BAHRU P. GUOANG SINGAPORE I K. LUMPUR 3M5753/*****11 *****122/4, *****3 07 *****8 07-*****3. *****5, *****0, *****1 02 *****22 *****0 rr-TT I BUTANC sa rrn WEEKLY FAR EAST/EUROPE CONTAINER SERVICE meeesi cum EH TO EUROPE FROM EUROPE LOADING FRO* GOTHENBURG. AVEN,
      601 words