The Business Times, 21 February 1989

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, FEBRUARY 21, 1989 75 CENTS
    11 words
  • 207 1 Footsie up LONDON share prices were higher at midday yesterday with the leading stocks enjoying a belated reaction to last week's gains on Wall Street. The Financial Times-Stock Exchange 100-share index was up 20.4 points, or one per cent, at 2,063.3 at about 1215 GMT. AP Stock
    207 words
  • 51 1 Reuter JAPANESE opposition parties yesterday called on Prime Minister Noboru Takeshita to prove that he was not directly involved in the Recruit share scandal. Mr Takeshita replied by telling Parliament: "I think that it is proper for me to leave the matter to the discussion of Parliament's Budget
    Reuter  -  51 words
  • 219 1 THE Singapore stock market closed mixed after fluctuating narrowly in a day of quiet and cautious trading. The Straits Times Industrials Index managed a marginal 2.84point gain to 1,132.77, while the Business Times Composite Index was 3.30 points higher at 1,025.30. Turnover fell to 28.33
    219 words
  • 135 1 THE BRITISH sterling yesterday started more than one pfennig lower in Europe after a Confederation of British Industry (CBI) survey said British companies were experiencing lower demand at home and abroad. Dealers said sterling was vulnerable after the survey and began at 3.251 West German marks,
    135 words
  • 528 1  -  Temasek sells a total of 16.7 pc stake for $33m By ELAINE KOH TEMASEK HOLDINGS has sold a 16.7 per cent block of Intraco Ltd shares, most of them to National Iron Steel Mills Ltd (NISM), for $33.13 million. NISM, Singapore's only listed
    528 words
  • 315 1 PRESS REPORTS in Singapore and Malaysia that Hotel Properties Ltd is a leading contender in the bid to buy the Faber Merlin hotel chain have drawn contradictory statements from the two companies concerned. In a letter to the Stock Exchange
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  • 245 1 Bernama MALAYSIAN Trade and Industry Minister Oatin Paduka Rafidah Aziz yesterday unveiled new incentives to encourage existing pioneer industries to expand their business. She also announced incentives for the development of the printing industry and administrative changes to streamline the development of small-scale industries.
    Bernama  -  245 words
  • 161 1 Bernama FORMER MALAYSIAN Prime Minister Tun Hussein Onn said yesterday that his mediation efforts in the New Umno conflict faced a setback following a recent statement by Tengku Razaleigh Hamzah making clear his intention not to join the party. In the statement, the former
    Bernama  -  161 words
  • 336 1  -  By PAUL GOPAL In Jakarta INFORMAL talks for a solution to the Cambodian problem entered a "delicate" stage yesterday, causing the cancellation of several news briefings scheduled for yesterday evening. The Indonesian Foreign Minister and chairman of the second Jakarta Informal Meeting, Mr
    336 words
  • 134 1 Reuter PRESIDENT SUHARTO yesterday appealed to the leaders of the Cambodian parties meeting in Jakarta for full commitment to achieve peace in their strife-torn country. "The solution to the Cambodian problem lies mainly in the hands of the people and leaders of the Cambodian
    Reuter  -  134 words
  • 437 1  -  By LILIAN ANG TALKS BETWEEN contractors and cement manufacturers on the sharp and sudden increases in the price of cement have reached a stalemate. Cement manufacturers yesterday flatly refused to grant contractors a three-month grace period to adjust to the higher quotations. A
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  • Page 1 Advertisements
    • 145 1 Nikon The World's Finest Photographic System. 'Recruit scandal, naw tax hurt LDP', PAGE 3 Identical write to the last detail. Except their point sizes. You already know the Pilot Hi-tecpoint V 5. Now, meet the all-new V 7. We call them the identical high-tech twins. Similar in all i aspects
      145 words
    • 226 1 Full report, PAGE 16 Regional Mkts, PAGE 18 Editorial Comment US-Soviet relations Only a total solution adds up No hurry to thaw economic ties Simex 8 Finance 7 How to use fuel oil contracts S pore has the edge for Japanese Third World economics 9 Management consultancy 10 Investment, entrepreneurs
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    • 3 1 Leader, PAGE 8
      3 words
    • 164 1 The World's Finest Photographic System. t (It takes less than 30 seconds to read and we've underlined the main points for you.) A PRIMES Now you don't need a different credit card account, a different savings account, a different current account, or a separate ATM facility. You can get all
      164 words

  • HOME NEWS
    • 510 2  -  By GENEVIEVE CUA STEPS are being taken by the Singapore Institute of Standards and Industrial Research which now depends on a government grant to become more self-fi-nancing in the next three to five years. To earn the money, it is commercialising the results of
      510 words
    • 267 2 TWO DETAINEES held under the Internal Security Act (ISA) were freed yesterday. They are Mr Kenneth Tsang Chi Seng, 35, an advertising executive, and Mr Chew Kheng Chuan, 30, a Harvard-educated businessman. The Home Affairs Ministry said in a press statement yesterday that both Mr Tsang
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    • 256 2 THE CONSTRUCTION Industry Development Board (CIDB) has launched a new business publication to help local contractors "identify and evaluate business opportunities in the international construction market Construction Markets Digest (CMD) replaces Construction Markets Information, a CIDB newsletter on overseas projects. The new monthly publication, released
      256 words
    • 43 2 THE PICTURE that accompanied the story "Lou Yun: scaling the peak of perfection" in BT's weekend edition of Feb 18-19 was not that of Lou Yun. It was a picture of boxer Ellyas Pical. We are sorry for the error.
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    • 451 2  - Delivery of SIA's Boeing Megatop delayed again By MARTIN SOONG DELIVERY of Singapore Airlines' first Boeing 747-400 ultra long-range jumbo jet has been pushed back once again, to midMarch, as the American commercial aircraft maker paces production to check safety features after the recent series of crashes involving its aeroplanes.
      451 words
    • 444 2  -  By BOEY KIT YIN TUNISIA, a north African state, is out to woo local investments to its Mediterranean shores three years after its first and only official trade mission to Singapore. But the latest bid to promote bilateral business and trade ties with
      444 words
  • Page 2 Advertisements
    • 274 2 The First Laptop That Leaves Nothing Behind. Except This. t!t Vt'- a n ~UI i > v"* /.<**>» I™" <• l i y COMPAQ SLT/296 l&J t£ki I :l 1 The new COMPAQ SIT/286 Personal Computer is the first laptop to fit all the power of a desktop into such
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  • ASIA – PACIFIC
    • 325 3 AFP AFGHAN President Najibullah on Sunday formed a 19-member defence council comprising top military generals and senior cabinet ministers. Radio Kabul reported that the council will have collective responsibility for the defence of the country against "foreign intervention". "Certain countries want to disrupt
      AFP  -  325 words
    • 197 3 AP A PREVIOUSLY unknown organisation on Sunday opened the first bout of violence since elections in Sri Lanka by killing at least 20 Sinhalese men. Officials of the military joint operations command said that the bodies, with gunshot wounds, were discovered late on
      AP  -  197 words
    • 109 3 AFP JAPANESE premier Noboru Takeshi ta yesterday blamed the Recruit stock scandal and a new consumption tax to go into effect in April for the poor showing at local elections on Sunday of his ruling Liberal Democratic Party (LDP). Mr Takeshita was responding
      AFP  -  109 words
    • 239 3 AFP SIXTY-THREE Chinese intellectuals have signed an open letter to the government asking for the release of political prisoners, one of the signatories said on Sunday, adding that a prominent dissident was ill. Lu Lin, who was himself imprisoned for six
      AFP  -  239 words
    • 519 3 Canadian group presents study on US$ll b dam project AFP A CANADIAN CONSORTIUM has delivered to its government a rosy assessment of a proposed joint project with China to build the world's biggest hydroelectric plant on the Yangtze River. The project would cost an
      AFP  -  519 words
    • 396 3 AFP CHINA has plans to build its first long-term nuclear waste storage sites in the east and north-west, and has also picked sites to build two new nuclear plants, the official China Daily newspaper said on Sunday. A dumping site with
      AFP  -  396 words
    • 133 3 AFP A QUASI-OFFICIAL Taiwan grdup plans to set up privately-funded scholarships for mainland Chinese students pursuing radvanced studies in the United States, the United Daily News said in Taiwan on Sunday. i>: The Grand Alliance of Reunification of China under the
      AFP  -  133 words
  • Page 3 Advertisements
    • 291 3 If Sony had created this just for the bedroom He needs all the vital information and keeps tab on the pulse of the business world. Hectic Pressurized. Ife the executives syndrome of being caught in the rat race of the 90s. Thanks to TELETEXT, this 14-inch wonder with TELETEXT capability,
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    • 51 3 1 k f Mi rv t.KIIIII mm lilll voni^ •TTTiTift] [111 rs3«i»jTirM»?iiTsjKTiiu®sK3»*Ml#S m i HHISi iri Jim Mliii mmbrUMM ■lilt]i<Ciiiilvllv*•;ai#iiwmvj mll IIWKtW PjfP'li 111 ir»] 11 u§: i »J R Avuiiai s"» I _•> ■Ml* lIKIIKIiIII Ifll 111 11 n c*:i i K»:« ikm •mi Jla w~i Tsm. am v
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  • Page 3 Miscellaneous

  • REST OF THE WORLD
    • 458 4 Reuter MIKHAIL GORBACHEV, struggling to boost the Soviet Union's economy, will receive a cautious response from the Bush administration if he asks for help in redirecting resources away from guns to butter. Though US officials are encouraged by the political
      Reuter  -  458 words
    • 152 4 AFP THE Soviet Communist Party newspaper Pravda implicitly criticised export restrictions imposed by several Eastern countries at the end of 1988 by its -publication on Sunday of an article by a Bulgarian economist. Professor M Stoimenov's article called such measures contrary
      AFP  -  152 words
    • 471 4 UPI RED-FACED Republicans trying to figure out what to do about David Duke evidently have decided to lock the coop after an unwanted chicken came home and roosted in it. A Republican southern strategy successful for two decades backfired embarrassingly this weekend
      UPI  -  471 words
    • 402 4 UPI BRITISH Prime Minister Margaret Thatcher began a two-day visit to Frankfurt yesterday, during which diplomats expect her to sound out West German Chancellor Helmut Kohl on his reservations about modernising Nato short-range nuclear missiles based in West Germany. Mrs Thatcher's visit marks
      UPI  -  402 words
    • 345 4 AFP IRANIAN spiritual leader Ayatollah Ruhollah Khomeini declared that British author Salman Rushdie, whom he has condemned to death for writing a novel deemed blasphemous by many Muslims, could not be forgiven "even if he repents". Ayatollah Khomeini's statement on Sunday, carried by official
      AFP  -  345 words
  • 999 4 ARRIVALS DEPARTURES Operator g OtfVKi numbar Local MM From Oporator Sorvico Local Hnw For SCY HAA601 0700 SB CAL as 20 0730 IKK/HKG/TPE SIA SQ417 0610 DX8/KHI SU SQI02 0730 KUL MAS MH640 0820 KUL UAL UA806 0810 HKG/SFO SVA SV398 0635 JEO/tUH GU GA961 0815 CGK
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  • Page 4 Advertisements
    • 110 4 V t V A V X IK v j i ■:m :*'< V Uiscover a collection of your favourite designer names. Today's fashion leaders like Bally, Jean Philippe, Givenchy, Christian Dior and Lanvin. Names that are symbols of sophistication, elegance and a rich way of life. All at Chanrai. GNERS'
      110 words
    • 84 4 LONDON Ctll your Tnvd Agent or Air Ctntdt at *****55. A BREATH OF FRESH AIR The business person's choice every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning. Air Canada J 0 I iA So fresh, they're alive that's what
      84 words
  • Page 4 Miscellaneous
    • 55 4 V//r± ro 24/13 Rn. 15/H Cloudy 11/06 dowdy 21/15 Oowdy 33/24 Fair Singapore OUTLOOK: tkewsrs OMT tOW MM in 0M ■•port for 24 howrt prior »o 7.30pm on Fob 20 at Hraof mm RafaMta Rf Iny days Mi ynth 1 Now DoM Now Yorii Son Frta'co San Juan Santiago Sao
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  • COMMODITIES
    • 283 5 Bernama MALAYSIA'S production of natural rubber hit 1.658 million tonnes in 1968. a record in a single year. According to the Statistics Department, this was an increase of 79,343 tonnes or 5 per cent compared with the 1967 production. The significant increase was contributed solely
      Bernama  -  283 words
    • 194 5 Chinese Produce Exchange Sollors' noon doting prices on Fob 20 (SS/100 kg) Coconut oil toft FOB 108.00 OW drum FOB 118.00 Now drum FOB 122.00 Copra Mixod (Ioom) 64.00 Pepper Muotok white FOB Ntw 730.00 Sarawak wMto FOB fag NIW 720.00 Sarawak spodal black FOB NIW 535.00 Sarawak
      194 words
    • 398 5 HONGKONG: Gold closed at the day's high in quiet and featureless trading on light short-covering by local investors dealers said. They said selling pressure from Australian and Japanese interests was slowly absorbed by local investors. Bullion ended at U*****.10/382.60 an ounce against an initial 380.10/380.60 and compared with
      398 words
    • 341 5 Reuter MALAYBIAN crude palm oil futures on the Kuala Lumpur Commodity Exchange closed slightly easier yesterday in moderate trading. Dealers said traders and investors adopted a cautious stance yesterday following doubts about palm oil production, export and stock figures released by the Palm Oil Refining and Licensing Authority
      Reuter  -  341 words
    • 167 5 HIGHER disposals of 95 tonnes against 59 on Friday pushed the tin price down three cents to M 521.50 a kg following eight consecutive days of rises, brokers said. Another said the rises during the whole of last week encouraged miners to dispose. The tin market's premium over
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    • 164 5 Telerate FUEL oil prices are slightly firmer in the Singapore market. Trade remains scattered and deals (or mid to end March CSTIBO are reported done at $74 mt fob Sing Early March CSTIBO reported sold at $72.5 mt fob Sing. Players say prompt CSTIBO prices are
      Telerate  -  164 words
    • 312 5 SINGAPORE: Rubber prices ended wltfc March 1 RSS buyer qudtee at 211.00 cents a kg yetWrday. unchanged from Friday's close. Brokers said after opening two cents higher from' Friday's levels, prices drifted lower on light liquidation in thin morning* trade. Values recovered slightly towards the close' on light buying
      312 words
    • 272 5 R AS prices In t FOB In b*lM NOON CLOSE h" 1 *S5 Prom m 209.00 210.00N •wyvri 210.00 MMn 311.00 bit 1 tSS Mar 1 89 210.00 211.00N 211.00 312.00 bit 1 »SS Apr 212.00 213.00N 313.00 314.00 bit 2 tSS Of 202.00 204.00N 202.30 304JON
      272 words
    • 81 5 IcnHAfl) MARCH 1989 AM* 1989 (currant month) (forward month) RAS NOON NOON Ivy on littin Iwytn S,H»n SSt 30 193JO 195 JON 193.50 195 JON ssi so 191 JO 193JON 191 JO 193J0N MRELB Bwy«rt ;,H lr S*M*ri SMI CV 317.00 319.00N 319.00 321.00N SM> I 313.00
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  • Page 5 Advertisements
    • 205 5 Call in 7 days or your Yellow Pages ad won't pack any punch in '89 7 Ist March is your last day to book an ad in the July '89 Yellow Pages. Call and reserve your space now! Your business will definitely be facing stiffer competition, and the near future
      205 words

  • MONEY AND EXGHANGES
    • 452 6 BA Futures MARCH Eurodollar futures opened four ticks lower than Friday s Simex close at 90.07 on a narrower trade deficit of $11.89 billion from $12.2 billion which suggested a possible Fed tightening of interest rates. Trading was cautious ahead of Alan Greenspan's testimony to congress today. The March
      BA Futures  -  452 words
    • 1196 6 SINGAPORE: WITH New York on holiday. Asia was reluctant to attempt any major moves on the US dollar yesterday. An early selloff soon gave way to an up bias, as the US dollar closed near the day's highs. Range was: D-mark 1.8377/1 8300. yen 126.20/125.30, GBP 1.7787/1.7680 and
      1,196 words
    • 58 6 THE OVERNIGHT rate on the Singapore money market rose by 1/16 point to close at 4-15/16 per cent yesterday. Term rates remained unchanged. S$ Interbank rates at the dose yesterday: om mo OwnigM 4 7/• 4 13/1* I«m* S 1/4 3 l/t ]4W* 3 3/16 3 3/1* 3-MN*
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    • 113 6 Treasury bills Period issue Yesterday's dosing Day's code Maturity MO OF«R HIGH LOW 3 months 8Q*****V 18.05.89 3.60 3.55 3.60 3.57 6 months BS*****N 17.08.89 3.87 3.82 3.92 3J5 1 year BY*****H 23.11.89 3.92 3.87 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      113 words
    • 170 6 CURRENCY FUTURES on the International Monetary Market settled into small ranges and finished at mostly higher levels yesterday. Late morning trading progressively thinned before the early 1200 CST/1800 GMT futures close and as traders looked ahead to the three-day holiday weekend. Narrowing in December's US trade deficit to US$ll.B9
      170 words
    • 189 6 Indtcaf Mm mfiol TTv# pfin)# lenoing niM 12 ma|or bank* In B'por* Interbank market rata® (offar/bid) on Fab 20 us$ DM SWfC Yon 7 4myt 3 13 Mk 7/1* S/l* i/a s/o 3/4 9/a 10 f 7/0 10 1/4 10 I/O 13 3/4— 13 9/0 13 13
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    • 1434 6 CURRENCY FUTURES OPTIONS Monday, Fab 20, 1989 OeUTftCMMMJIK (MMEX) Mv Mgl tn Mar Ml M0) 88 pMli Lot Oaa 31 CAB 32 CAS 33 141A 158 4 34 44* 74A 74 I9A 21 33 23 23A 23 63A 70 34 «7 4A 4 139A 151 4 CA4 Apr m
      1,434 words
  • Page 6 Advertisements
    • 198 6 OCBC Exchange Rate Index i r )~7 A Q The OCBC trade-weighted Index for the Singapore dollar was up 0.04 per cent to 127.48 yesterday. The index is calculated against the currencies of Singapore's top 12 trading partners. Savour the best of U.S. Corn-Fed beef exclusively Airflown direct from the
      198 words

  • BANKING AND FINANCE
    • 560 7  -  mxm muiL by PAUL FRANKLAND SLOW AND STEADY does it we're up to the letter 'G' now, in my occasional lexicon of basic insurance terms, made simple for the layman. General average. If all parties involved benefit from a sea voyage that is saved
      560 words
    • 242 7 ASIAN DOLLAR deposit rates yesterday closed at their opening levels. Shortdates and term rates were mostly steady at the outset and remained unchanged. Tuesday/Wednesday closed at 9-5/16 9-3/16 pet, week-fixed at 9-7/16 9-5/16, one month at 9-9/16 9-7/16, three months at 9-13/16 9-11/16 and six months at
      242 words
    • 208 7 Reuter TAIWAN should urgently reform its futures trading system to keep up with its rapid economic growth, a Japanese commodity futures exchange said in a survey of Taiwan's futures markets. The survey by the Tokyo Commodity Exchange for Industry (Tocom) said that because
      Reuter  -  208 words
    • 327 7 Reuter THE Chicago Board of Trade's (CBOT) plan to list Japan's Topix stock index futures may be delayed by the Tokyo Stock Exchange (TSE), which holds rights to the contract, industry sources said. The CBOT had hoped to start trading by March
      Reuter  -  327 words
    • 367 7  -  Republic's financial markets complement Tokyo's By LEONG WEN WAH MR J Y PILLAY, the managing director of the Monetary Authority ot Singapore, said the Republic is well-placed to be an operating base for Japanese financial institutions in the AsiaPacific region. In his keynote
      367 words
    • 383 7  -  By DEXTER LEE INDIAN BANK, one of the government of India's major financial institutions, yesterday tapped the capital markets for the fifth time when it signed a US$25 million floating rate certificate of deposit (FRCD) issue. A statement released by lead manager Sanwa
      383 words
    • 142 7 Reuter UN SECRETARY-GENERAL Javier Perez de Cuellar called on the United States and other major industrialised nations on Monday to take the lead in resolving the Third World's debt crisis. Mr Perez de Cuellar labelled the debt burden "the development crisis
      Reuter  -  142 words
  • Page 7 Advertisements
    • 173 7 YOU CAN'T OUTGROW SPACE WAGO i--Now here's a car that meets the growing needs of a growing family. Not like any other car or station wagon, the Mitsubishi Space Wagon sits seven adults, in three rows of luxury and comfort. Both rear seats adjust every which way to give incredible
      173 words

  • PERSPECTIVE
    • 497 8 IN ORDINARY usage, a comprehensive solution to any problem is by definition better than a partial solution. In that same usage, however, prevails the realisation that if a full solution is impossible, it is realistic to go for a partial one. But the case
      497 words
    • 2188 8 To the uninitiated, the lingo and mechanics of futures trading may appear daunting. But to the oil people, the debut of an fuel oil contract on the Singapore International Monetary Exchange represents an opportunity to limit losses or perhaps boost profits. To help newcomers
      2,188 words
    • REGIONAL VIEWPOINTS
      • 520 9 AFGHANISTAN "YESTERDAY, this newspaper asked what the Soviets had achieved during their nine-year military intervention in Afghanistan and what they were now leaving behind. The answers were that the Russians had accomplished very little and had left shambles in their wake. However, the Soviet pull-out from Afghanistan
        520 words
      • 769 9 UNITED STATES me llllidiiuii uauit; "ON THE SURFACE, the increase in interest rates first in the United States, quickly followed by Hongkong yesterday can be explained in economic terms. The US Federal Reserve has made its concern over inflation very clear, So when the US wholesale price
        769 words
      • 246 9 IRAN "IRAN CELEBRATED the 10th anniversary of its Islamic revolution at the weekend, and did so amid a pageant of nationalism, hope and customary America-bashing. The Iranians have much to be proud of as their Islamic republic the first such government in history marks its first decade
        246 words
    • 724 9  -  Savings are not synonymous with investments. For savings to be metamorphosed into investments vital to job creation in the Third World the entrepreneur is needed. But first, there is the need to nurture entrepreneurship, notes Professor Lim Chong Yah. Economics Correspondent ZHOU MEI reports. ZHOU MEI
      724 words
  • Page 8 Advertisements
    • 37 8 A s r v «3 rV 1 FINALLY THERE'S AN ADVERTISING AGENCY THATS NOT MOVING TO BEACH ROAD. McCANN-ERICKSON SINGAPORE. NOW AT 360 ORCHARD ROAD, #03-00 INTERNATIONAL BUILDING, SINGAPORE 0923. TEL: *****11. FAX: *****55. TELEX: RS *****.
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  • Page 9 Advertisements
    • 33 9 SHANGRI-LA INTERNATIONAL IN BANGKOK WHERE ELSE BUTTHE SHANGRI-LA Shangri La hotel SHAM.KI LA INTKRNATIONAL: SINGAFOKK IK 1)11 SMAN4 HI I AINfttNAIKWAI NOfH.'WB-MMns MIMA HJI MOV. M»<. M II \t\lA MM. «*>«»• 111 Wl *M»
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    • 312 9 SuperCalcS The Ultimate Spreadsheet The Great Spreadsheet Challenge SuperCalcs VS. "The Others" Date February 28, 1989 Venue Mandarin Singapore (Orchard) Mandarin Court 'D' Level 4, Main Building Time 10.00 am 12.30pm Morning Session OR 2.30pm 5.00pm Afternoon Session Guest Speaker: MARTIN HERBACH Vice President, Development Designer of SuperCalc Computer Associates
      312 words
  • Page 9 Miscellaneous
    • 49 9 BriStCTOftanKDirfaTS rp)L< peouT Busy.. uJHBT f\ HecTie pfTeRNOON ive sw\o\D of 0ne.... f-y!,: gltlf \'vc.GoT nve Lerref?sTo dictrtc.... B STpic/c OF Filing To do fmd p\ piLe of to send out. [cfwreew IVCMNO ITAMOARO CO. tTO, IMiI DON'T rniMD WiW HA\£.BoT IT nuST 50 PCCOnPFVNIGD &f .DOUOUC SPiNRCH V
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  • TECHNOLOGY
    • 428 10  -  COMPANY IS REORGANISING INTO TWO DIVISIONS By JEFFREY TSANG MANAGEMENT CONSULTANT firm Arthur Andersen Associates is moving into software development and distribution of third party packages to boost its consultancy services. These expansion plans, part of the firm's global strategy, are spilling over in
      428 words
    • 205 10 UPI MATSUSHITA Electric Industrial Co, the world's largest consumer electronic firm, has developed a high performance parallel computer for super high speed numerical computations. The Osaka-based company said the new machine, named Adena (Alternating Direction Edition Nexus Array), features a unique three-dimensional network structure for
      UPI  -  205 words
    • 238 10 COMMUNICATIONS is one of the hottest fads to appear, thanks largely to the launch of portable handheld phones last year. But for executives on the move, voice communication is only one aspect of communications; the other being graphics. Japanese company Murata has
      238 words
    • 106 10 NYT HITACHI has developed what it claims to be the world's fastest semiconductor laser that can transmit 16 gigabits (16 billion bits) of information per second. The new laser will aid in the creation of fibre-optic telecommunications networks that connect computers, video telephones. high-definition televisions
      NYT  -  106 words
    • 348 10 NYT ENCOURAGED BY a new attitude in the US courts and at the Patent and Trademark Office, universities and corporations are rushing to stake patent claims in a whole new arena of intellectual property: mathematical equations. The equations, known more technically as
      NYT  -  348 words
    • 880 10  -  [p(j> by JEFFREY TSANG DESKTOP PUBLISHING is the buzzword among personal computer users these days, be they PC maniacs or Macintosh zealots. In line with this new craze to hit the computing world, PC Corner, has in the past two weeks, been looking at
      880 words
    • 280 10 LOTUS 1-2-3, the world s best selling spreadsheet program, is a long time in launching its promised Release 3. So the market is being invaded by sophisticated work-alike programs out to carve out a bigger slice of the market. Among these is Computer Associates, which launches
      280 words
    • 314 10 NYT INTEL CORP's semiconductor designers reported last week on a million-transistor microprocessor that integrates many functions, such as graphics and mathematical processing, that had previously been placed on separate chips. The report on the processor was made at the International Solid State Circuit Conference.
      NYT  -  314 words
  • Page 10 Advertisements
    • 192 10 TOMORROW'S PROMISE T 1 i MB* 'T* M I 1 ts Fujitsu makes the dream come true IN 1984, FUJITSU, together v with SINGAPORE TELECOMS, Initiated the world's first CCITT No 7 signaling trial.Today they have made it possible for ISDN service to be commercially available in Singapore. And, FUJITSU
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  • Page 11 Advertisements
    • 353 11 /MURATA SETTING STANDARDS FOR HIGH PERFORMANCE FACSIMILES t V A- WfM &sfmw£ts Mk lake it for The Pacesetter Murata M~l. Economically designed control panel with brilliant LED display State-of-the-art engineering Durable structure Built to last. and last. Streamline configuration doxvn to the last detail. WARNING MURATA M-l This is to
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  • LEISURE
    • 740 12 AIR TRAVEL NYT PASSENGERS flying overseas on US airlines may have to learn new habits to avoid inconvenient searches for bombs in common electronic devices such as coffeepots with electronic timers, cameras and lap-top computers. Time-consuming security precautions, while not yet fully put into effect, are likely
      NYT  -  740 words
    • 1233 13 ARCHITECTURE Access will be made easier by escalators and signs, guards will be more cheery in new Saint Laurent uniforms. The museum's wonderful natural light will be used to full advantage. IHT FROM THIS WEEK, the Louvre will shut its doors, its first closing, except
      IHT  -  1,233 words
  • Page 12 Advertisements
    • 899 12 m POMMERY Where to entertain. > DEUCIOZO HYATT Mama Mia! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our eyer popular salad bar. $10.50* EARLY BIRD
      899 words
    • 236 12 Irs o revolution in Russian cuisine i m y. Vfl I W ana: w 1 a If V/ The Belvedere's famed international bufFets turn Russian this month, bringing you the romantic flavours of Red Square. Savour Eggs filled with Red Caviar, Dill and Paprika Prawns, Bef Stroganov, Shashlyk, Liulia Kebab,
      236 words

  • Page 13 Advertisements
    • 223 13 0 Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are availaPle for private parties. Located on the 2nd floor Open 12 noon to 3 pm. 6.30 pm to 11 pm. Centurv Park Sheraton Singapore 16 Nossun H*. Singapore 1026 Teteprvone *****22
      223 words
    • 88 13 Wine Dine with the Best Pommery Brut Royal was judged to be the best of the nonvintage cuvees sampled at' Wine Dine' Magazines 3rd Bi-annual Champagne Tasting. "Best bubbles freshest lovely, elegant, classy "Bright yellow, very active bubbles, rich, classic lime nose, very fine, elegant, well-balanced, clean finish, long after-taste."
      88 words
  • Page 13 Miscellaneous
    • 673 13 @OD§§KiKMi) CRYPTIC PUZZLE ACROSS 3 Like princely pudding (5) 8 A professional stand-in (5) 10 I gel on both sides of the plant (5) 11 One chap is less than many (3) 12 Does it make a good change from a pear? (5) 13 They rely firmly on their financial
      673 words
    • 1282 13 TV and RADIO An inter-racial romance OUR CHOICE A FIGHT FOR JENNY Channel 5, 10,90pm A divorcee falls in love with someone of another colour and her life suddenly raises hackles all over the place. Her new relationship sparks off a series of setbacks, almost to the point of losing
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  • SPORTS
    • 571 14  -  BOXING By WALTON MORAIS HE IS A COLLEGE student in a sport where gladiators are not noted for their cerebral prowess. He listens to country music, Hank Williams Jr in particular. And where most success stories originate from the ghettoes and tough neighbourhoods, Mike Phelps admits to
      571 words
    • 256 14 AP SIMON BROWN is ready to return to the scene of his greatest triumph and Marlon Starling, holder of the World Boxing Council title, is the man he wants. "He's the only guy who has ever beaten me," Brown said, referring to a non-title
      AP  -  256 words
    • 285 14 AP DARRELL WALTRIP ended 16 years of frustration on Sunday with a victory in the crash-filled US$l.7-million Daytona 500, winning the biggest race of his life by taking perhaps the biggest chance of his career. It was a chance that neither Ken Schrader nor Dale
      AP  -  285 words
    • 332 14 GOLF UPI NEW ZEALAND'S Bob Charles, last year's leading money winner on the Senior Tour, rolled in a 10foot birdie putt on the third playoff hole on Sunday to edge out Harold Henning in the US$3OO,OOO Suncoast Classic in Florida. In winning his 10th
      UPI  -  332 words
    • 154 14 AFP GREG TWIGGS, who started the season needing to regain a card to play on this year's PGA tour, crowned a remarkable upturn in fortunes with a two- stroke victory in the Shearson Lehman Hutton Open in San Diego on Sunday. Twiggs shot a 3-under-par 69
      AFP  -  154 words
    • 476 14 BACK ON THE comeback trail after a year of inactivity. Lela Zainal found herself short on the crucial points and crashed out of the Tiger Beer Pacific Rim tennis championships at the Kallang Tennis Centre yesterday. Entering the court after Singapore's men's hopes
      476 words
    • 285 14 TENNIS Reuter JOHAN KRIEK's upset streak ended with a groin pull on Sunday that gave the Memphis Indoor Tennis title to fellow American Brad Gilbert, who had already won the first two sets 6-2 6-2 The 16th-seeded Kriek, who had upset top seed
      Reuter  -  285 words
    • 253 14 Reuter WORLD NUMBER ONE Steffi Graf of West Germany struggled in the second set before winning her second title of the year with a 6-1 7-5 victory over fifth-seed-ed American Zina Garrison on Sunday. Graf dropped just 16 games in five matches on the way to
      Reuter  -  253 words
    • 338 14 ATHLETICS Reuter AOE MAFE put three years of trials and tribulations behind him on Sunday when he raced to victory tor England in the men's 200 metres at the European Indoor Athletics Championships at the Hague. "Fairy-tales come true,' Mate said after crossing the line
      Reuter  -  338 words
  • Page 14 Advertisements
    • 478 14 NOTICES INTERNATIONAL SOUVENIRS PTE LTD On Members' Voluntary Winding-Lip) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of International Souvenirs Pte Ltd. duly convened and held at 36 Robinson Road, #06-01 City House, Singapore 0106, on 17 February 1909 the foAowing resolutions were duly pfrnmvi as;— SPECIAL RESOLUTION
      478 words
    • 477 14 TESAREX PROPERTY PTE LTD (In Members' Voluntary Windlng-Up) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Tesarex Property Pte Ltd, duly convened and held at 36 Robinson Road, #06-01 City House, Singapore 0106, on 17 February 1989 the following resolutions were duly passed as:— SPECIAL RESOLUTION That
      477 words
    • 273 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WESTCHEM INTERNATIONAL (S) PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 52A, Telok Ayer Street, Singapore 0104 on 14th,
      273 words
    • 61 14 CORRIGENDUM Reference: Liquor Licence Notice under Lim Buck Slong published on 15/2/89 in Business Times, the licence should read as First Class Beer House and not as published. CORRIGENDUM Reference: Liquor Licence Notice under Png Yiow Beng published on 17/02/89 in the Business Times, the application of a Second Class
      61 words
    • 140 14 Play golf the Sevvy way Learn from your dirot MANY HIGH-HANDICAP A KjCJ'Uk PIAYERS TAKE DEEP A'Wly I DIVOTS WITH v#cf > irons <r <J \ot 1 /DEEP DIVOTS USUALLY A MEAN THE CLUBHEAD i <d HAS STRUCK THE TURF J &kA 1 V before the ball >^7T m '""^5
      140 words

  • COMPANIES & STOCK MARKETS
    • 408 15  -  By ANDREA BORCH HIGHER EXPORT sales helped lift British-American Tobacco Company (Singapore) Ltd's post-tax profits before extraordinary items by 49 per cent to $12 million for the year ended Dec 31. 1988. The group's pre-tax profit rose by 47 per cent to
      408 words
    • 267 15 WING TAI, which is listed today, will be traded under the central limit order book (Clob) system. It is the first issue in the industrials sector to go on this system in which dealers punch in "buy" and "sell" orders through computer terminals into
      267 words
    • 128 15 HAW PAR BROTHERS International Limited, through wholly-owned Setron Limited, is selling Supercraft (S) Pte Ltd to Antara Koh Re Ltd for $456,000. The sale of Supercraft, which is whollyowned by Haw Par, was arrived at on a willing-buyer, willing-seller basis. Haw Par
      128 words
    • 453 15  -  By HERMAN PHUA MATERIAL Handling Engineering Ltd. Sesdaq's latest candidate, is offering the public 6.8 million shares of 20 cents par value at an issue price of 70 cents each. The offer comprises 5.5 million new shares and 1.3 million vendor
      453 words
    • 244 15  -  Insider Itadina IHd ALLAN NG WHEN Allan Ng purchased one million shares of Sealion Hotels Ltd in October 1986, more than 25 per cent of the companies listed on the Stock Exchange of Singapore were trading below their net asset value,
      244 words
    • 439 15 UMW HOLDINGS is going ahead with its debt-equity swap proposal after receiving an affirmative response from more than half of its 15 creditor banks. Just before expiry of the deadline yesterday, banks representing more than two-thirds of the amount lent to the company said they were in favour
      439 words
    • 410 15  -  By ELAINE KOH SINGMARINE INDUSTRIES has turned in a sparkling set of year-end results on the strength of a buoyant marine sector to make $7.11 million after tax. This is a 42 per cent jump for the Keppel Corporation subsidiary over the previous
      410 words
    • 357 15 HAVING turned around its operations in 1988 after two years of losses. Van der Horst is now gearing itself for growth in its two core areas of business screen manufacturing and service engineering. The engineering group, which sees its next phase of growth
      357 words
    • SES
      • 1616 16  -  By MICHELLE OH AFTER FLUCTUATING for the greater part of last week, the local stock market yesterday put up another erratic performance yesterday. Despite Wall Street's 13-point gain last Friday, buying interest failed to sustain beyond the first
        1,616 words
      • 114 16 WEARNE BROTHERS LIMITED: 74th AGM at OCBC Centre, 65 Chulia Street #19-00, Singapore 0104, tomorrow at 10.30 am. THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAO: 17th AGM at the Theatrette of the company. Balai Berita, 31 Jalan Riong, ***** Kuala Lumpur on Saturday, Feb 25, at 11.00 am.
        114 words
      • 5769 16 Gr's Gr's 1988/89 Tel Last Vol Day Last Quota Dlv Dlv Y'W Net M Cap High Low Cod* Company Sale or(•000) High Low Buyar Seller C'vr P/E Smll FEB 20 SESDAQ 187 114 t 4000 Amtek Eng 20c 131 -1 4 131 131 131 132 10.ON 7.1
        5,769 words
    • KLSE
      • 3399 17 EARLY HOPES of a rally were dashed when initial steady trading was not sustained and share prices ended mixed to easier on the Kuala Lumpur stock market yesterday. However. losses were mostly marginal. A handful of counters managed to buck the trend, ending with notable gains. Early
        3,399 words
    • REGIONAL MARKETS
      • 453 18 Spanish company to offer 30pc of equity NYT SPAIN'S largest and most profitable industrial company, Repsol SA, plans to begin this spring the country's most ambitious share offering ever. Repsol's chairman, Oscar Fanjul, announced at a press conference earlier this month that depending on demand,
        NYT  -  453 words
      • 200 18 Reuter BELL RESOURCES Ltd has said the sale of its 30 per cent stake in The Broken Hill Pty Co Ltd for A 53.06 billion was the principal item in its 1988 group operating revenue of A 53.67 billion. The company, owned
        Reuter  -  200 words
      • 198 18 Reuter THE HONGKONG stock exchange committee has agreed to share equally a 0.025 per cent levy with the proposed Securities and Futures Commission, Secretary for Monetary Affairs David Nendick said yesterday. It was the first statement by a government official on the
        Reuter  -  198 words
      • 91 18 Reuter MOST Philippine shares slipped at the close yesterday after prof-it-taking triggered by falling copper prices pared last week's gains. The Manila Stock Exchange composite index ended at 820.27 points, down from 825.03 last Friday. "Metals have not shown any improvement and they dictated the mood of
        Reuter  -  91 words
      • 1400 18 Hongkong RENEWED bullish sentiment boosted Hongkong's share prices sharply yesterday after last week's consolidation. The Hang Seng index rose 53.59 points to 3,159.84 and the Hong Kong index 35.44 to 2,087.73. Turnover totalled HK$l.7O billion, just under Friday's HK$l.76 billion. "Technically, the market was looking ready
        1,400 words
      • 538 18 Tokyo Reuter TOKYO share prices generally closed lower yesterday. backing down from early highs on concern over the recent fast rise of the market. But index futures-related buying near the close lifted the Nikkei index slightly, bringing it to a new record close, brokers said. The Nikkei
        Reuter  -  538 words
      • 529 18 Australia Reuter THE FALLING Australian dollar gave the national share market the stimulus to close sharply higher in solid trade yesterday, brokers said. They said the currency fluctuation and short-cov-ering after last week's heavy losses prompted strong interest in resources and leading industrials with overseas earnings. At
        Reuter  -  529 words
      • 425 18 Reuter TAIWANESE share prices finished moderately firmer yesterday after strong performances by blue chip financial and plastics issues pushed the index higher despite waves of profit-taking, dealers said. The weighted index jumped 47.22 points, or 0.6 per cent, to finish at 6,811.72 compared with Saturday's 6,764.5 finish.
        Reuter  -  425 words
      • 92 18 Reuter SEOUL stock prices rose for the fourth consecutive session in active trading yesterday, brokers said. The market's composite index edged up 6.29 points to 915.17 near the close. Turnover was an active 366.6 billion won against 226.6 billion for the half-day session on Saturday. "The market
        Reuter  -  92 words
      • 159 18 Reuter THE BARCLAYS Index dropped below the 2,000 level with a 23 23-point fall to 1.997.05 at the close yesterday and the New Zealand market was expected to come under further pressure today, brokers said. The late-trading news of NZI Corps NZ5202.44 million loss for the
        Reuter  -  159 words
      • 103 18 Reuter BOMBAY share prices firmed on institutional buying yesterday after last week's slump, brokers said. Institutions, conspicuously absent in the previous week, returned to the market and this helped sentiment, they said. In textiles. Century rose 40 rupees to 1,550, Baroda Rayon 6.25 to 318.75 and Orkay
        Reuter  -  103 words
    • INTERNATIONAL COMPANY NEWS
      • 445 19 FT BRITISH PETROLEUM has announced an increased dividend of 13.5p per share for 1988, one pence higher than for 1987, with a 10 per cent increase in its after-tax profits on a replacement cost basis. The results followed what Sir Peter Walters,
        FT  -  445 words
      • 362 19 FT FORD, the world's second largest automotive manufacturer, made record profits in 1988 for the third year running. All the earnings increase was due to Ford's performance in the booming European car market, while US automotive profits fell almost 10 per
        FT  -  362 words
      • 471 19 Reuter BONO CORP Holdings Ltd is seeking a major cash-flow business for its Bell Resources Ltd subsidiary but plans no major new acquisitions of its own. "No further major acquisitions by Bond Corp are anticipated in the second half of the year,''
        Reuter  -  471 words
      • 301 19 Reuter SOUTH AFRICAN-BACKED Minerals and Resources Corp Ltd (Minorco) is making a new conditional takeover bid for British mining giant Consolidated Gold Fields valuing the company at £3.2 billion (U555.65 billion), sources said. If successful, the new cash and shares offer would result
        Reuter  -  301 words
      • 643 19 Reuter ZURICH: Swiss share prices closed quietly steady on low volume yesterday. The market continued to be indecisive amid interest rate uncertainties, dealers said. Gainers were led by insurances which were supported by several recent buy recommendations, one dealer said. Zurich Insurance bearers and registered shares put
        Reuter  -  643 words
      • 688 19 Bond's HK deals rake in millions but not many friends The Economist HE IS the buccaneering type that Hongkong affects to admire. Yet the British colony's bankers, brokers and stock market investors react to Mr Alan Bond with barely veiled hostility. They feel the debt-laden
        The Economist  -  688 words
  • Page 15 Advertisements
    • 152 15 GERMAN COMPANY looking for sole distributor of ROTARY PISTON PUMPS MULTI LOBE PUMPS GEAR PUMPS to be used for high viscosity mediums in various industries. Interested parties please contact tel. *****47. K M a ib a i SHE HAS UNLEASHED HER POWERFUL VOICE IN PERFORMANCES THROUGHOUT THE WORLD SHE HAS
      152 words
    • 416 15 Financial Newsmakers ABN Bank Singmorine Industries limited (Incorporated in the Republic of Singapore) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1988 The Directors of Singmarine Industries Limited advise the following audited results of the Group and the Company for the year ended 31 December 1988 COMPANY GROUP 1988 Performance
      416 words
  • Page 15 Miscellaneous
    • 30 15 wmssi O/TfXSZZ o£A£o/MZ //V 77/£-- £oT was /r.. irnm r rzev<s>*r/rt*twL£> f(w by Martell MfsA£/£ 77/£t/ £4*/ Z £tavy/CM9WW£/ au rvf/wr rO/OA/rs&?'r' P 80W6>/A& CM.*/ t <%£&&%%& Jj«% f Sse\ v
      30 words



  • Page 18 Advertisements
    • 165 18 CHARTPOINT On Target Every Saturday This advertisement appears as a matter of record only. WING TAI WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) New Issue of 40,000,000 shares of $0.25 each at $1.25 per share Managed by SIMBL Singapore International Merchant Bankers Limited Underwritten by Singapore International
      165 words
    • 6 18 The Bangkok market was closad yesterday
      6 words

  • Page 19 Advertisements
    • 464 19 BATy British-American Tobacco Company (Singapore) Ltd. ANNOUNCEMENT AUDITED RESULTS The Directors are pleased to announce the following audited results of the Group and the Company for the year ended 31 December 1988. THE GROUP 1988 1987 Group Profit after Taxation* as a of Turnover 8.3% 7.3% Group Profit after Taxation
      464 words

  • 461 20  -  By SUZANNE SOH LOCAL PRODUCTION of powerful microchips could take take place as early as next year, said Mr Takuma Yamamoto, president of Fujitsu, one of Japan's largest telecommunications and electronics groups. BT understands about $20 million would be required for
    461 words
  • 349 20 SINGAPORE Telecom will allow more private sector participation in the sale and maintenance of telecommunication equipment from July, a move that is part of the Authority's policy to liberalise its network. In announcing this, Minister for Communications
    349 words
  • 402 20 AP SOUTH KOREA'S ECONOMY will grow 8 per cent this year, following three years of 12 per cent increases, the Economic Planning Board forecast yesterday. The current account surplus will amount to US$9.B billion, US$3OO million more than earlier estimates, owing to the
    AP  -  402 words
  • 550 20  -  By FOO CHOY PENG Hongkong Correspondent THE VIEW that the yen could in the near future replace the US dollar as the key international currency was dismissed by a senior Japanese politician yesterday. "There is no reason to expect that
    550 words
  • 159 20 Bernama ALL TECHNOLOGY transfer agreements of transnational corporations in Malaysia will be evaluated by the Malaysian Industrial Development Authority to expedite the approval of these agreements from March 1. Malaysian Trade and Industry Minister Datin Paduka Rafidah Aziz said in Kuala Lumpur
    Bernama  -  159 words
  • 339 20 Reuter A DISSIDENT Philippine army faction has called on soldiers to overthrow President Corazon Aquino's government, accusing it of corruption and lust for power, the military said yesterday. Major-General Ramon Montano said that the rebels had issued the call in leaflets circulated
    Reuter  -  339 words
  • 323 20 Reuter SOVIET Foreign Minister Eduard Shevardnadze, the most senior Kremlin official to visit Egypt in more than a decade, held talks yesterday with President Hosni Mubarak on Middle East peace prospects. Mr Shevardnadze is pressing for swift work on the issue and said on arrival
    Reuter  -  323 words
  • 97 20 AFP THE INTERNATIONAL Development Association should have a larger fund for providing development loans in Asia and the South Pacific, World Bank president Barber Conable said in Wellington yesterday. He said no decision had been taken on how countries in the region would share
    AFP  -  97 words
  • LATE FILE
    • 35 20 Bernama THE Malaysian government will send small delegations to several Newly Industrialising Countries (NICs) to study their progress, Deputy Prime Minister Qhafar Baba said in Seremban yesterday. Bernama
      Bernama  -  35 words
    • 59 20 Bernama MALAYSIA'S Deputy Prime Minister Ghafar Baba is expected to hold talks in Kuala Lumpur this week with Cambodian and Vietnamese leaders on resolving the Cambodian question. Mr Ghafar said yesterday he would meet the prime minister of the Coalition Government of Democratic Kampuchea Son
      Bernama  -  59 words
    • 28 20 AFP FOREIGN investment approvals by Taiwan rose 160 per cent from a year earlier to US$llB.7 million in January, the Investment Commission said yesterday. AFP
      AFP  -  28 words
    • 46 20 Reuter AFGHAN Prime Minister Mohammad Hassan Sharq resigned as a 20-man supreme military council took over in Afghanistan, government sources said yesterday. Mr Sharq, 63, was the most senior member of government not in President Najibullah's ruling People's Democratic Party of Afghanistan.
      Reuter  -  46 words
    • 55 20 Reuter AUSTRALIAN domestic airline pilots said they would return to work from midnight yesterday ending a 24-hour stoppage in protest at declines in their real wages over the last three years. The stoppage grounded the two major domestic carriers Ansett and Australian Airlines and
      Reuter  -  55 words
    • 37 20 AFP THE Philippines and China agreed yesterday to boost bilateral trade by up to 11 per cent, with Beijing pledging to buy more of Manila's products, the Philippine Foreign Affairs Department said.
      AFP  -  37 words
  • Page 20 Advertisements
    • 235 20 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitchens, elegant one or two bedroom suites right in the heart of Orchard Road. At The Ascott, we take pride in giving our clients their own home. A spacious, private living environment that offers the ultimate in luxury
      235 words
    • 49 20 DO YOU HAVE AN EYE FOR A GOOD BUSINESS OPPORTUNITY? If so, and you are looking for office space (with business support facilities' we have various sizes for you to choose Our prices for a week is equivalent to a night's stay in an Orchard Road Hotel Phone: *****46
      49 words
    • 87 20 For the life of your back. <*-; I >* >>, Vvv > '< T«» *r s Comfortable elegance Innovative design. Crafted Dauphin office chairs. Chairs specifically designed for different functional purposes like wailing. supervising, typing at a computer terminal or conference seating. Backrests give you lumbar support while chairs adjust
      87 words

  • SHIPPING TIMES
    • 492 21  -  By LILY FERNANDEZ SHORT-TERM leasing rates for 20-ft containers have shot up to as high as US$2.BO per day, and major leasing companies are expecting the acute shortage of such boxes to last throughout the year. Seven months ago, these
      492 words
    • 210 21 THE Singapore Customs Excise Department has launched a project to be electronically linked with the shipping community, beginning with Mitsui OSK Lines. The Japanese shipping company yesterday started the on-line submission of manifests, and has installed a printer at the Customs office for this
      210 words
    • 193 21 HAPAG-LLOYO. West Germany's largest container shipping company, has placed an order with South Korea's Samsung Co for five container ships which will be delivered one every year beginning in 1991. The yard said the orders were worth US$4OO million, with the ships, measuring 294
      193 words
    • 296 21  -  By RICHARD NG Writing for BT from Bangkok THE Port Authority of Thailand will allocate almost one billion baht up to fiscal 1990 for equipment to upgrade the efficiency of port services and reduce congestion. A total of 186.5 million baht
      296 words
    • 651 22 The Journal of Commerce CARRIERS and shippers in the Far East believe freight rates might fall in the trades between Asia and Europe as a result of Sea-Land Service Inc s decision to enter the trade as a non-conference operator. But
      The Journal of Commerce  -  651 words
    • 64 22 One example cited is textiles, a big Asian export, for which the FEFC charges "more than 40 per cent above what we feel the market rate should be," according to a garment industry spokesman. While most commentators focused on the impact for operators in the Asia-Europe trade,
      64 words
    • 788 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 1/2 Alltrans IV 1 Anro Service IV 2/3 ANl 1 «/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Bait-Canada line VII 4/5 Bait-Orient line VII 2 Baltic Orient Shpg
      788 words
    • 330 23 Bernama THE DETAILED study on the privatisation of Penang Port carried out by Amanah Merchant Bank Berhad has been completed and the government is now going through the report. The Penang Port Commission (PPC) chairman, Syed Mohamed Aidid Syed Murtaza, said the economic
      Bernama  -  330 words
    • 509 23  -  By AL O LABITA Jr Writing for BT from Manila NORTH and South Harbours, Manila's premier and busiest ports, are to be rehabilitated this year as part of the government's bid to make the Philippines a major transhipment point of overseas
      509 words
    • 202 23 AFP RATES remained at around previously paid low levels last week on the tanker market, due to insufficient demand to absorb tonnage. London brokers E A Gibson said in their latest report. There are presently seven prompt vessels, totalling just under two million deadweight tonnes (dwt), waiting for
      AFP  -  202 words
    • 421 23  -  By SHIRISH NADKARNI NEARLY 5,000 tonnes of India's export cargo intended for American marketa. which went amiss after the shipment had left Bombay in November 1968, have finally landed at their destinations. The export cargo, comprising electrical polea, general cargo, steel pipes and
      421 words
    • 400 23 HONGKONG will exchange notes next month with the United States to exempt Hongkong shipowners from heavy taxes imposed under the US Tax Reform Act. Michael Farlie, director of the Hongkong Shipowners Association, told the South China Morning Post that both governments had agreed
      400 words
    • 1331 28 FAIRLY active time-charter business emerged on the freight market on Friday at fairly steady rates, shipbrokers said. A 69.000 tonner was fixed from Antwerp-Hamburg range for two years trading at US$ll,5OO daily and a 61.000 tonner with delivery Continent for three years trading made $11,800. A 26.000 tonner
      1,331 words
    • 3019 28 MKMUI Luo Ha. China Ocaan Shpg. FA 71 NwMa Paarl. Nwhli I iff., FA 22 E»« Qivan. Evargraan. Fab 22 London EipraA Triot Fab 23<PK) MMrtk Rottardam Mwa 11m. FA 23 Ming Prosperity Yang Ming. FA 29 Toyama ScanOutcht Fat 27 Evar
      3,019 words
    • 1117 28 AT CONVENTIONAL WHARVES V——1 Barth Arrival Dapartur* KEPPEL WHARVES April Gtory KM otongud* 2102/1800 Sogtor s«opno K28 otongvd. 2100/0700 W* 1 <22 otoogvd* 21OO/VOO KI5 oionowto 2100/2300 Co* Moyolo KI7 ofcMgMte 221)2/1100 Jo»>no»oroti KI9 olonguda 2302/0(00 Roto Aorta' K32 oiongudo 21 00/0600 l*o 1 K3S otongnd* 22
      1,117 words
  • Page 21 Advertisements
    • 806 21 vv TIMES STP Distributors OOCL Dcdicoted to C2uc\\'iiy 3er*vic« WW/ JAROINE SNIPPING AGENCIES 200 Cantonment Road #12-05 Souttipomt, Singapore 0201 Ta4 *****11 TELEX NO RS ***** TERMINAL/CFS Tel *****18 220 BOOKINGS Tel *****34 235 PtSAXA JAROINE SNIPPING AGCNCIES SON. BNO PORT KELANG TEL *****18 Tefci No. MA*****/MA***** PENANG TEL *****4
      806 words
    • 87 21 CARRIERS and shipp«rs in the Far East believe freight rates might fall In the trades between Asia and Europe as a result of Sea-Land Service Inc's, decision to enter the trade as a non-conference operator. Pag« II THE DETAILED study on the privatisation of Penang Port carried out by Amanah
      87 words
    • 372 21 <vO° TIMES STP Distributors MAERSK LINE DESTINATIONS To: California-US Gulf-US Atlantic-East Canada-All Water Service CHS 29/3 1/4 I 3/4 5/4 0/4 I 10/4 12/4 16/4 18/4 t9/4 23/4 30/4 26/4 30/4 2/5 3/5 6/5 9/5 10/5 16/5 17/5 To: PNW-West Canada-US Inland Points-Atlantic-Via M.nibridge Service 5 BRIGIT M PACIFIC A
      372 words

  • Page 22 Advertisements
    • 515 22 4S[ Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT LONDON EXPRESS BENCAIRN HAMBURG EXPRESS KURAMA MARU BENALDER PILAR BENAVON HAMBURG BREMERHAVEN 19/3 ROTTERDAM/ ANTWERP LE HAVRE 22/3 ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG. MALMO, HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO
      515 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 608 22 :_s? TO EUROPE NOR ASIA PEARL VBB3l-3 NORASIA PRINCESS VW32-3 NORASIA SUSAN VB9Ol-3 NORASIA SINGA V 8902-3 REGULAR INDEPENDENT RILL CONTAINER SERVICE (VIA FEEDER) PEN PKL 16/2 17/2 2/3 3/3 Vtp 11/3 20/3 21/3 Alto accepting cargo to all U.K. Destination!, Scandinavian (Aarhut, Copenhagen, Gothenburg) and other European Inland points
      608 words

  • Page 23 Advertisements
    • 1044 23 S3 The Straits Steamship Group P&O Containers •f m STRAITS SHIPPING fcj Singapore to Satah, Sarawak. Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK S'PORE WOK PEGASUS PIONEER V2ON »-23 Fat 25 20 FA PEGASUS PROGRESS VMON 2V2* Ft* 21-01 Mar BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80 SINGAPORE TO
      1,044 words
    • 641 23 EUROPE rji tin mm run mm IMS ILM 14J4 lIJ4 IIJ4 •IJ4 AM ZII4 OJ4 SJ4 lIJ4 lI.H lU6 MM lIM EE t7JI BJI Z3 01 nil ee Me ia n mm mm mm ei mi 24.R ma tun am EE M 7 1183 MA MM MJI In :l Ml
      641 words

  • Page 24 Advertisements
    • 476 24 mSINOSE MARITIME PTE LTD ■KSB 1 El ISLAMIC RIPUBLIC OP IRAN SHIPPING LINKS IRAN MEEAD PJL 575 IRAN TANHTI PJL (73 Singapore Loading for;SLD BANDAR ABBAS ETA 11/2 BANDAR ABBAS KYOWA LINE SOUTH PACIFIC SERVICE ■OTHER VSL S PORE HK LOAD FOR: KYOWA HIBISCUS V.35 2/3 VILA. NMA. LTK, SUVA.
      476 words
    • 1159 24 HANJIN SHIPPING CO., LTD. KUI I V CONTAINERISED SERVICE: TO USA PACIFIC SOUTH WEST SIN TfS KMT LIM NAM JW PUS. Wl ROMAN VOWS j aa PUS. KEI HANJIN WOOL 1 MI PUS LAX OA* 10 W 1W Mfl Ifl U/l 2*3 2M TO PACIFIC NORTH WEST CANADA UNI HAW.
      1,159 words
    • 840 24 a EVERGREEN 1 7 ull Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) vm I TV UB ML HTt SCP HKC KSC nk«B rv« rmi uw ITV un UL UTT -j££2l*4M*«a*J4o*Soo*SM*l3*loS*O7*4*O4 EVER growth njn am 07« a dmb 10*13 ;mb ;s«3 ?<vre imm .not uot EVER GRAND 12*3 10/03 W I«I1 UO3
      840 words

  • Page 25 Advertisements
    • 861 25 PACIFIC INTERNATIONAL LINES \W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL KOTA MAWAR KOTA MELATI KOTA MELATI SEA PEARL KOTA MELATI SIN SBY SRQ In PI 23/2 25/2 25/2 2/3 25/2 1/3 3/3 5/3 5/3 11/3
      861 words
    • 371 25 irm BEN LINE Vl* CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT roup •ty Honftonf [ipriu EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASMAN ASIA SHIPPING Ifents Sngjpor* K lumper Pt Ming P»njnj B»n In? Ag<»ncies Binder i Binders B»rdf) T»l 2:5 3522Fj«
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    • 420 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAHUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE VSL/VOY m ANTWERP H'BURG/ ROAM/ADAM BREMEN ROAM/ADAM BREMEK 1/4 5/4 »?4 1/5 S. PANJANG/21WB MATARAM/23W8 Port SaM, Port Alexandria, Gonoo, TrtoaOe. ALSO ACCEPTING MTN CONTAINERS.
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    • 329 25 BOUSTEAD SHIPPING AGENCIES PAGAN VI3W HTONEYWA V244N TAUNC GYtt VMW PA AN VI3SW BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon Spore 2*25 Fob 71/23 Fak In Pt/25 F* 2ft Mar P.Kelang Penang Bangkok BANK LINE HWBHMW NORTHBOUND TO UKC SPORE ROAM HULL HMBG TAUSALA SAMOA VI4N
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  • Page 26 Advertisements
    • 568 26 Q KAWASAKI KISHN KAISHA. LTD. K I.INK rxPORT Iffl I TRANSWORLD BRIDGE 46E NEPTUNE RUBY 2E ACE CONCORD 18E EXPORT IMPORT FEEDER VESSEL *J. BRIDGE 94 rtr. m A ;].»7.TW.1;1 i:] ~/V! fiir JONORE BRIDGE 94 7/2 MAE NAM BRIOGE V 2 14/2 ASIA STAR SI 21/2 NORDWIND 16 Ti.
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    • 563 26 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Support P HtUng fta| lotding tor. Mother M By Feeder By Feeder 1 Mar 1 Mar Cotomoo Hiodta, Bomtay 2 *(X 2 Apr CotomDo, Kendla Bomber 25 Apr 25 Apr CotonOo KindU BomOjy X May 26 May CotombOfKmdtaßombey II June It ton* Cotombo,
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    • 660 26 1 m GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD n, Tata* Street SINGAPORE *m ru UUW (10 LINES) Fii UtJW STRAITS/PERSIAN GULF SERVICE: Sport p KeUnt Pew* OOIOCR IWNOt* Cotofflto/KaradM/Outai 111 tUr GO i. DEN HAVEN Cdomto/KaradwOutei CHINA UUVtCt A VESSEL Huanjpu; Skanfha. S'P wi IC/K I 2/3« SONGUN XINANJIANC
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    • 335 26 PHIU OmtNT UNfS PT( LTD HIAO OFFiCf 63 BOBiNSON «0»C >0' 12 AFRO ASIA BUICOiNG SINGAPORE 01C5 TILE* R$ ***** PMill FAi 225«*7« llUl/iJ 1 H-TT ETA SINGAPORE! DESTINATION DUBAI. DAMAN. KUWAI OOMA, MUSCAT, lAMUUI ABU OHABI A SMARJAH 1/3. W m NEW GENLORD 23/2 EAJT/WBT AHUM/MB. FCt 1 LCt
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  • Page 27 Advertisements
    • 1263 27 Agents S pore Gmrii ooo*i NEPTUNE HGENCES PTE. LTD. wnaf* Bookings Bookings Inward/ Terminal CFS KJU/AUST rp*;SfA Outward *****22 *****53 2/W77 2735/53 2735/42 2WW *****H 2/***** 2m 18 *****48 EXPORT NEPTUNE NQL ORIENTUNES LTD nepivcsonbho PKatang K Luawur Pun xgvv 26i«n sJom *****5 /***** WK® *****1 am mm IMPORT FEEDER
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    • 880 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PfNANC P. KELANG MESSRS MAI THONG SHIFTING 12/ Pmm| Strait. Penang. Malayua M/S HANOUNG SYSTEM CO SON
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  • Page 28 Advertisements
    • 214 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. fll 225 6868 (34 lines) FAX *****39/*****/6 rEItX RS ***** A/8 SSCMA. HS ***** A/H SSCAO r DSR-LINES 5B DEUTFPACHT SEEREEOEREi ROSTOCK i INTEGRATED CONTAINER SERVICE MESER Of EACON SERVICE TOI£AST mediterranean NO6TH CONTINENT EUROPE ■VIAiMNACA. ACCEPTIN6 CARGO FOR LIMASSOU BEIRUT, LATTAKIA, ALEXANDRIA, PORT SAIO,
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    • 72 28 w T.S.HL. LINE WEEKLY CONTAINERISED SERVICE with fixeo oay arrival TSKLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. HERMES ACE V-IS ETA SIN as/a/M SPORE ->• KAOHSIUNG KEELUNG TOKYO SHIMIZU NAGOYA KOBE 4 DAYS 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS TSKLINE AGENCIES (S) PTE LTD
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  • Page 28 Miscellaneous
    • 163 28 I Regional Weather i :v •I 7* 54 Si 5H 8 Sk SIGNIFICANT WEATHER AND SEA CONOmONS AT 7JO AJU F«b 21,1 MS •c o Wind fraction wrth ipcfd *1 knots R rixMhntom. c A A Shower Wea*w —X Wmd fraction with speed »i knot* Ron Cj Cloudy Sky Wov
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  • Page 29 Advertisements
    • 630 29 FARGO SHIPPING tel:Sß4oiaa REGULAR EXPRESS FCL LCI SERVICE DESTINATION TVftTO PORT KELANG (FCL) KEELUNG, KAOHSIUNG JAKARTA (FCL) TOKYO. KOBE. BUSAN (FCL) KARACHI, BOMBAY. COLOMBO (FCL) ETA SINGAPORE JARU BHUM 26N 2 PIYA BHUM 166N 2 SIRI BHUM 402N 2 KITI BHUM 256N 2 KITI BHUM 257N 3/3, 14/3, 30/3 28/2,
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    • 342 29 RICHFIELD MARINE AGENCIES (S) PTE LTO TEL ***** 33 (10 Imeil FAX *****15 TELEX RS ***** RISHIP (3 Lines) rtrr* PPN m mm* CALCUTTA/KARACHI/CHTGONG/CBO REGULAR CONVENTIONAL LINER SERVICE PAKISTAN NATIONAL SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAM#IAN. VESSEL KUANTAN PT. KLANG PENANG
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    • 851 29 CCNljf)) £^JSo*ao C N ,IJtNA- 1 1 MIL INTKmOCKANICA SA (CHILEAN NATIONAL LINE) GREAT ANDES SERVICE AMI IQUIQUC VALPARAISO STO ARAUCO \H* W4 CARGO FOR PUNTA ARENAS TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO Afent: NEPTUNE AGENCIES PTE LTD BOOKINGS: *****34, *****71, *****65 SHIPPING HONOKONO/ ALL CHINA PORTS as/ts
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    • 114 29 PERKINS SHIPPING PTY. LTD. Otnrtu, Amtraka DIRECT SERVICE TO OARWM/PT. HEDLANO'/BROOME* Acc ipltwQ BrMkfeuNi, HMvy-Mfl, Cnotilflif A RO/RO C>fpo« PERKINS MARKHAM BAY V.I HARK HAM BAT V.i MARKHAM BAT V.I 'SUBJECT INDUCEMENT ETA/ETO S POKE V& Fafc ETD DARWIN 5 Iter ETA/ETD S PORE 11/11 Mar ETO DARWIN 25 Mar
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    • 225 29 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 ffi IRAQI LINE iMQ' S'iTf »0« MV SINDBAD EAST BOUND SERVICE ETA S PORE LOADING FOR MV ALKINDI In Pt Korea, Japan WEST BOUND SERVICE MV SINDBAD 23/2 UM Qasr/Basrah/BagMad i Other Arabian Gulf Ports THROUGH B/Ls to BAGHDAD
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  • Page 30 Advertisements
    • 418 30 Hai Sun Hup Co (Pte) Ltd r EL *****06 (20 Linesi TLX HS ***** A RS 2067; IML INTERMARITIME SOUTHERN AFRICA SERVICE *Mm call* LL IP.E. GENERAL AGENTS: HAI SUN HUP CO. (PTC) LTDJ SINGAPORE PORT HUANG PENANG TEL: 22MM TEL: MHN TEL: U0» SUB AGENTS: KOTA NINABALU JAKARTA TEL:
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    • 522 30 Ia.QHO YANG LINE WESTBOUND QUEENSWAY BRIDGE 7W CHOYANG PARK 1W HANJIN OAKLAND 1W CHOYANG SUCCESS 2W EXPRESS FAR EAST/EUROPE FULLY CONTAINERISED SERVICE EA3TBOUND NUMBER BRIDGE tIE CHOYANG SUCCESS OIE HANJIN ROTTERDAM OIE HANJIN MASAN 47E Alto accepting tor Inland UK do»tinjtk>m Antwerp ond ScandinavUn port* FMG «LO'A ME»CAN T| G»ANCOLOWB
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    • 313 30 P.T. MASKAPAI PELAYARAN PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S'PORE, INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE SINGAPORE THAILAND SERVICE GENERAL AGENT: SINGAPORE NEPTUNE
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    • 505 30 L CALL US AT: P KELANG PENANG J. BAHRU P GUDANG SINGAPORE K. LUMPUR *****53/*****11 04 *****2/4. *****3 07-*****8 07 *****3, *****5, *****0, 5133/1 02 *****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE REGULAR FAR EAST/MEDITERRANEAN CONTAINER SERVICE TO: MEDITERRANEAN FEEDER FROM: MEDITERRANEAN VSL MOTHER VSL ND CLARENCE 021 OTHER DESTINATIONS
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