The Business Times, 22 March 1989

Microfilm: NL16518
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 WEDNESDAY, MARCH 22, 1S8S 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    275 1 Dow up WALL STREET stocks rose in early trading yesterday following news of a smaller than expected gain in February consumer prices. The figure came in at a rise of 0.4 per cent when 0.5 was forecast. Prices rose 0.6 per cent in January. US Bond prices
    275 words
  • Article, Illustration
    S'pore and HK markets show slight recovery
    186 1 REGIONAL MARKETS in Singapore and Hongkong brushed aside some of the concerns that led to Monday's drastic falls to post slight gains. But trading was still subdued in anticipation of the release last night of the US Consumer Price Index for February. In
    186 words
  • Article
    Lock icon US price increases slow down
    157 1 Reuter UNITED STATES consumer price increases slowed last month, advancing a more moderate 0.4 per cent after a sharp 0.6 per cent rise in January, which was the largest monthly gain in two years, the US Labour Department said yesterday. Last month's smaller increase in
    Reuter  -  157 words
  • Article
    Did OCBC sell too soon?
    444 1  -  SALE OF 45m SHARES IN WING ON By LEE HAN SHIH OVERSEA-CHINESE Banking Corporation (OCBC) could have made an additional profit of around HK$250 million if it had not sold its Wing On (Holdings) stake last Friday. OCBC sold its 45.38 million shares in Wing
    444 words
  • Article
    President Merlin sold to UOL tor $65m
    500 1  -  by LEE HAN SHIH THE PRESIDENT Merlin Hotel and Shopping Centre, put up for auction by mortgagee United Overseas Bank (UOB), was sold to United Overseas Land (UOL) for $65 million yesterday. UOL, represented by deputy general manager Wey Kim Long, outbid an
    500 words
  • Article, Illustration
    Wing Tai to pay $79m for Marina House
    496 1  -  Apartments will be converted to offices By MAGDALENE NG LEE HAN SHIH WING TAI HOLDINGS has entered into an agreement to buy Marina House, a 21-storey office and apartment block along Shenton Way, from Malayan Credit Ltd (MCL) for $79 million. Sources
    496 words
  • Article
    Lock icon KL retrenchment rate down
    101 1 Bernama THERE were fewer retrenchments. while vacancies advertised in the newspapers increased, said Malaysian Deputy Labour Minister Datuk Wan Abu Bakar Wan Mohamed yesterday in the Dewan Raykat (Parliament). Following the economic recovery, vacancies increased from 14,141 in the May-July period to 25.288 between August and
    Bernama  -  101 words
  • Article
    Lock icon Regulate workers going abroad, urges MTUC
    136 1 Bernama THE MALAYSIAN Trades Union Congress (MTUC) has asked the government to formalise arrangements for Malaysians seeking better jobs and wages abroad. MTUC president Mr Zainal Rampak said in Ipoh that the Malaysian government could set up agencies in countries where workers look for
    Bernama  -  136 words
  • Article
    Committee set up to evaluate govt policies
    575 1  -  mmmi m mm/mm. By LILIAN ANG THE MINISTRY of Trade and Industry (MTI) has re-examined its role and identified a need to look at government policies more closely to see if they are efficient from an economic viewpoint. To do this, an Economic
    575 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      75 1 w Cloth by i hirmenegildo Zegna Mode in Ito m M Available at all leading tailors 'V.' Full Report, PAGE 18 Regional Mkts, PAGE 20 World Mkte, PAGE 21 Richard Ellis has the most advanced computer property information network in Singapore. But information isn't enough. Our in-depth analysis and local
      75 words
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      Page 1 Advertisements Column 2
      200 1 Editorial Comment: 12 A warning on warnings Bush presidency 12 A new man and a new style Viet reconstruction 13 Opportunities for M'sia South Korea 13 Dangers of referendum delay China's budget Fourth straight deficit expected US farm exports 5 Japan to become top buyer Soviet market 11 US firms
      200 words
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      Page 1 Advertisements Column 3
      183 1 UOL turnaround, PAGE 17 FIRST WE SET Built-in retractable TTL Autoflash. Auto focus with spotbeam AF assistor in low-light. H4(XM)sec. shutter speed. Illuminated LCD CENTIC Display Panel. Auto bracketing. 3-frame self-timer. Hash sync speed II125 sec. 2.2fps Auto film winder. Data back. 7 exposure modes. The Pcntax SFX>. Borne from
      183 words
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      Page 1 Advertisements Column 4
      32 1 I- j Available at all leading tailors ■*71 Cloth by -j kriiienegildo Zegna Mode in Italy Spreading cost of car ownership, PAGE 3 SBC needs more funds and support MPs, PAGE 3
      32 words
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  • HOME NEWS
    • Article
      Defence show opens, but are there too many?
      300 2 SINGAPORE'S first comprehensive defence show, Defence Asia '89, begins today at the World Trade Centre amid suggestions that too many defence shows in this region could be affecting attendance. That also explains why an Asia-Pacific defence show in Bangkok, originally scheduled to
      300 words
    • Article
      Use ETV to impart moral values: Dr Tay
      214 2 THE Educational Television (ETV) department should consider using television to reinforce the teaching of moral values, particularly in primary schools, said Dr Tay Eng Soon, Senior Minister of State For Education, yesterday. Dr Tay was speaking to 50 delegates from 14 countries
      214 words
    • Article
      Congress on psychiatry, mental health
      117 2 CHILDCARE and maternal employment, sexusl abuse, schizophrenia and Aids management are some of the issues to be discussed at the forthcoming combined Second Asean Congress on Psychistry and Mental Health and the Sixth Asean Forum for Child and Adolescent Psychiatry. According to associats Professor Tsoi
      117 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      241 2 AMERICAN Express Travel Related Services has appointed JOHN S VERCO as division vice-president, marketing and sales for the Asia/Pacific/Australia region. He replaces LEE SOO JIN who is now based in New York. Mr Verco's new responsibility is to market the American Express Card, American Express Travellers Cheque
      241 words
    • Article
      Magnetic technology centre may be set up
      554 2  -  By JEFFREY TSANG SINGAPORE is the world's largest producer of hard disk drives and there are plans to keep it in the top notch. One of them is to set up an institute within the National University of Singapore specialising in magnetic technology.
      554 words
    • Article
      Court adjourns hearings to give Seow time to return
      217 2 A DISTRICT COURT yesterday adjourned the hearings on 60 tax evasion charges against lawyer Francis Seow to May 30 to give him ample time to return from the US and face trial. State counsel Jiang Siew Ming said the prosecution had
      217 words
    • Article
      'Disk drive industry needs strategies for the future'
      452 2  -  By JOHN TAN THOUGH THINGS may be picking up for disk drives makers, the industry must msp out strategies to avoid another slowdown in the future, said a senior executive of Dataquest, a subsidiary of renowned American-based research company Dun Bradstrset. Gerald
      452 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      297 2 Choosing a reliable carrier can make or break your business, fw fragile and whatever the size or shape of your cargo, your business demands it arrives in perfect condition, on time, every time. Which means choosing an experienced and reliable airline that takes exceptional care with cargo. Operating between 70
      297 words
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      Page 2 Advertisements Column 2
      10 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
      10 words
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      Page 2 Advertisements Column 3
      45 2 la collection VanGeef&Arpels Raris SPORT "2" Authorised dealers ROY EASTERN WATCH PTE LTD Tel *****39 *****35 DELUXE EASTERN WATCH PTE LTD Tel *****36-*****83 CORTINA WATCH CTR PTE LTD Te4 *****85 *****71 NANKING WATCH DEALERS Tel *****04/*****58 WATCHES OF SWITZERLAND Tel *****43 BISTA (TRADING) PTE LTD
      45 words
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  • YESTERDAY IN PARLIAMENT
    • Article
      EDB plans to attract more investments of high value-added nature
      167 3 MINISTRY OF TRADE AND INDUSTRY THE ECONOMIC Development Board must continue to promote investments in the country, albeit more selectively, so as to replace existing activities with high value-added ones, said the Minister of State for Trade and Industry, Mr
      167 words
    • Article
      Multi-agency approach successful
      159 3 THE MULTI-AGENCY approach adopted by the government to promote services has borne fruit, said Minister of State for Trade and Industry Mah Bow Tan. In the move to promote services, identified as one of the twin engines of growth, the EDB set up a Services Promotion Division
      159 words
    • Article
      Tourism study
      86 3 THE SINGAPORE Tourist Promotion Board is commissioning a study to assess the socio-eco-nomic implications of tourism on Singaporeans, said Mr Mah Bow Tan, the Minister of State for Trade and Industry. An earlier academic study on the same topic by the NUS, led by Cairnhill MP Dr Wong
      86 words
    • Article
      Statutory board for SMEs unnecessary
      221 3 THERE IS NO NEED to set up a separate statutory board for small- and medium-sized enterprises, said the Senior Parliamentary Secretary (Trade Industry) in response to suggestions that one be formed. Mr Leong Horn Kee (Thomson) and Dr Wong Kwei Cheong (Cairnhill) had, in their
      221 words
    • Article
      Taking stock of productivity movement
      222 3 A FORMER CHAIRMAN of the National Productivity Board sought yesterday to take stock of the productivity movement, now in its ninth year. Dr Wong Kwei Cheong (Cairnhill) asked how successful the movement had been, the number of quality control circles formed to date, and if
      222 words
    • BRIEFS
      • Article
        Card phones
        55 3 MOST people use public telephones only occasionally and card phones are most inconvenient. said Hong Kah GRC MP John Chen. The trend worldwide is to move away from coins to cards, replied Dr Yeo Ning Hong. But there will be some 12,000 coin telephones left behind even after
        55 words
      • Article
        Teleview
        57 3 THE projected payback period for Teleview, the interactive information system for the home and business, is 10 years, said Dr Yeo Ning Hong. In developing Teleview, the government is not looking for immediate returns, the Minister for Communications and Information told Dr John Chen (Hong Kah GRC) who wanted
        57 words
      • Article
        Job-seekers
        41 3 THERE were 3,379 job-seekers registered with the Employment Service Department (ESD) as at Feb 19 this year, said Mr Lee Yock Suan, the Minister for Labour. He was replying to a question by Mr Teo Chong Tee. MP for Changi.
        41 words
      • Article
        Post-secondary
        57 3 THE Ministry of Education will phase out pre-university classes in the secondary schools, and replace them with four post-secondary institutes, which will teach both commercial and academic subjects. Dr Tay Eng Soon, the Senior Minister of State for Education, said the post-secondary institutes will complement junior colleges, Vocational and
        57 words
      • Article
        JC admission
        50 3 THE revised admission criteria for junior colleges will not keep out students who can best benefit from such an education. This view was expressed by Dr Tay Eng Soon, the Senior Minister of State for Education, yesterday. He was replying to a question by Dr Ong Chit Chung.
        50 words
      • Article
        HDB payments
        54 3 RESIDENTS in HOB estates can continue to make monthly payments at any HOB branch or area office. The streamlining of HOB's estate management functions does not affect the arrangements for the collection of rent, loan instalment, service and conservancy charges, said Dr Lee Boon Yang, Senior Minister of
        54 words
    • Article, Illustration
      Acting on car ownership
      407 3 MINISTRY OF COMMUNICATIONS AND INFORMATION A PACKAGE of preventive measures geared to spread the cost of car ownership will be ready in two to three months' time, announced Communications and Information Minister Dr Yeo Ning Hong yesterday. Outlining the government's land transport policy over the next
      407 words
    • Article
      Vouchers for using roads?
      183 3 WHY NOT issue every car user with a voucher? The chairman for the Government Parliamentary Committee for Communications and Information, Dr Hong Hai. yesterday proposed such a system for the further refinement of the electronic road pricing system. Citing The Economist, which mooted the idea, he
      183 words
    • Article
      No compromises in drive to be world info centre
      136 3 SINGAPORE has become a major international communications centre without compromising its policy of curbing negative influences that arise from the free flow of information. The Minister of State (Communications and Informations and Trade and Industry) Mr Mah Bow Tan, told the
      136 words
    • Article
      SBC needs more funds and support: MPs
      260 3 TELEVISION came under scrutiny in the debate of the Communications and Information Ministry's Budget estimate yesterday, with six MPs raising various issues concerning the Singapore Broadcasting Corporation. How will SBC square up to increasing competition, they asked, referring to Malaysia's TV3, and Batam
      260 words
    • Article
      Airlines left to decide on fares
      156 3 SETTING air fares is a commercial decision best left to the airline industry, said Dr Yeo Ning Hong, Communications and Information Minister, when asked for MCl's stand on price-fixing by the airline grouping, Market Development Programme. Mr Chng Hee Kok (Tiong Bahru GRC), deploring
      156 words
    • Article
      Towards parity
      95 3 THE government's objective of moving towards parity between taxis and cars so as not to have an extra large number of taxis cluttering the roads needs to be fully explained, said Dr John Chen, the MP for Hong Kah GRC Many taxi drivers have still not understood the
      95 words
  • Page 3 Advertisements
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  • ASIA-PACIFIC
    • Article
      Lock icon China posts fourth budget deficit in a row
      534 4 Reuter CHINA'S 1989 budget will have a deficit of 7.4 billion yuan, the fourth budget shortfall in a row and the 10th in the past 11 years. Yesterday, Finance Minister Wang Bingqian announced a new budget regulating fund, a new consumption tax
      Reuter  -  534 words
    • Article
      Lock icon Pensioner among bankrupts
      164 4 Bernama EIGHTY-EIGHT people have been declared bankrupt in the Malaysian state of Pahang so far this year, including a pensioner who did not know he still owed income tax of more than M$2,000. A source in the State Trustee's office in Kuantan said yesterday that the pensioner
      Bernama  -  164 words
    • Article
      Lock icon Philippines, Soviet Union agree to expand bilateral trade
      278 4 Oana-PNA THE PHILIPPINES and the Soviet Union have agreed to boost their bilateral trade from US$40 million at present to about US$200 million by 1992. The accord was signed by Philippine Trade and Industry Secretary Jose Concepcion and Soviet Foreign Economic Relations
      Oana-PNA  -  278 words
    • Article
      Lock icon Aquino asks for bigger war chest
      167 4 AP PHILIPPINE PRESIOENT Corazon Aquino yesterday praised the army for freeing hundreds of villages from communist rebel influence and appealed to Congress for more funds to bring "a swift and conclusive end" to the 20-year insurgency. Mrs Aquino spoke at the 92nd anniversary rites
      AP  -  167 words
    • Article
      Lock icon Suharto calls for closer supervision of state funds
      232 4 AFP PRESIDENT SUHARTO of Indonesia has issued a decree calling on all top government and military officials to step up supervision over the use of state funds, the Angkatan Barsenjata (Armed Forces) daily said yesterday. The decree, issued on Monday, said officials
      AFP  -  232 words
    • Article
      Lock icon Japan's unions seek 7pc rise in wages
      417 4 AFP JAPAN'S largest labour fedora--tion is seeking average wage' rises of 7 per cent and a cut in working hours in the traditional "spring offensive" of wage negotiations. Z.x'T" The federation points te the booming economy which workers have helped sustain as justification
      AFP  -  417 words
    • Article
      Lock icon Japanese start collecting forgotten one-yen coins
      252 4 AFP PEOPLE are scouring their homes and businesses for the forgotten one-yen coin, as Japan prepares for the odd prices a 3 per cent consumption tax will bring after April 1. Banks, department stores, supermarkets and even opposition groups across Jftpan have launched massive
      AFP  -  252 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      188 4 CIA's rot* In trad* ttM, PAGE 11 You used your head to reach the top. It shows in your choice of car. m i fM Hi i Hill im Ik '•tf) Ml Reaching the top has its rewards. Like being able to choose a car that truly reflects your position
      188 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      42 4 Doonesbury V.s V* <5? r :>■ ■•> Z/^l t77>C 7>! w/ m tW -V STEAL BROTHERS BLOCKS (So o /< 0 w 3 o KS Rk BY GARRY TRUDEAU L ># MP/ I'M AdOUT TOMAKBMY TAKB-IT e/w.voute 5TILIN FHtSTMUKW MILITARY SCHOOL. I y rm L: I />
      42 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      116 5 JX Thank you Singapore I for 25 great years. W SSS m is* I J m®. g<r.r. trj V M -sfi* ,w* m nt V'" 1 w For a quarter of a century, Chase has been proud to serve the Singapore business community as well as individual clients in the
      116 words
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  • REST OF THE WORLD
    • Article
      Lock icon Japan to become top US farm customer
      476 6 Agricultural imports worth US$8.2b expected Reuter AP JAPAN will overtake the European Community (EC) this year as the top buyer of American farm exports, a top US Agriculture Department official says. "This year for the first time Japan alone will surpass the EC
      Reuter; AP  -  476 words
    • Article
      Lock icon Bush nominates Katz as trade rep
      101 6 AP US PRESIDENT George Bush announced on Monday that he will nominate private trade consultant Julius Katz as deputy US trade representative. Mr Katz is now chairman of the Government Research Corp in Washington, DC. Before that, he was vice-president of Consultants International Group,
      AP  -  101 words
    • Article
      Lock icon US slaps bonds on China-made hats
      129 6 AP THE COMMERCE Department has determined on Monday that under-priced hats, caps and visors from China are being sold in the United States. As a result, the Washington department will now impose cash deposits or bonds on the imported headwear made from certain natural
      AP  -  129 words
    • Article
      Lock icon EC asks Britain to suspend fishing access law
      317 6 AFP THE PROSPECT of a showdown between the European Commission and the British government arose in Brussels on Monday, as the EC executive asked Britain to suspend a year-old law regulating fishing access to British waters. A spokesman said the Commission, in
      AFP  -  317 words
    • Article
      Lock icon UK issues third warning on terrorist bombs
      315 6 UPI THE TRANSPORT Department warned British airports and airlines for a third time on Monday to beware of terrorist bombs hidden in radio-cassette players, one of which blew up a Pan American World Airways jumbo jet over Scotland, killing 270 people. The telex
      UPI  -  315 words
    • Article, Illustration
      Lock icon EC to take flexible stance in trade talks
      478 6 UPI THE 12-NATION European Community wants to be flexible in international trade liberalisation talks in Geneva next month but hopes its main trading partners, such as the US. will display similar flexibility, officials said. Spanish Foreign Minister Francisco Fernandez Ordonez told a
      UPI  -  478 words
    • Article
      Lock icon European envoys to return to Iran
      187 6 AP EUROPEAN COMMUNITY nations have agreed to allow each of the 12 countries to send ambassadors back to Iran, sources in Brussels reported. But they let stand a ban on high-level visits. The EC nations recalled their envoys on Feb 20 to protest against
      AP  -  187 words
    • Article
      Lock icon OECD calls for less state intervention
      312 6 FT THE Organisation for Economic Cooperation and Development (OECO) has called on member countries to press on with the process of structural adjustment. freeing rigidities in their labour markets and their financial systems, and progressively reducing the role of the state sector. In a
      FT  -  312 words
    • Article
      Lock icon Around the world on a Concorde
      335 6 AP A BRITISH AIRWAYS Concorde jet with some well-heeled passengers aboard will make the first all-supersonic flight around the world beginning April 1. The three-week trip, covering 61,500 km in a planned total flying time of 35 hours and one minute, could set more
      AP  -  335 words
    • Article
      Lock icon Third World debt cost US 1.5m jobs
      280 6 UPI UNPAID LOANS to Third World nations have resulted in more than one million job losses in the United States and a new government plan could cost the public an extra US$6 billion to US$7 billion, a television discussion panel predicted. The comments
      UPI  -  280 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      857 6 ARRIVALS Operator Sorvlco number Local thTM From MAS MH640 0820 KUL KAi. KE624 0840 Km MAS MH65I 0910 PEN MAS MH630 0920 Km SIA SQ103 0950 KW CPX CX710 1000 CGK GIA GA960 1100 CGK SIA SQ105 1105 KUL tIA •1421 1130 IWN TtY MI811 1130 HOY
      857 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      154 6 FOR SALE Office Building with built-up area of approximately ***** sf on freehold land area approximately 6500 sf in Financial District. Good prospect for redevelopment up to ***** sf. Parties genuinely interested please write, for further details, to> Business Times Box ***** Tines industrial Building 422 Thomson Road Singapore 1129
      154 words
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      Page 6 Advertisements Column 2
      3 6 Leader, PAGE 12
      3 words
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      Page 6 Advertisements Column 3
      41 6 The busincw per*>n'» choice ever* Tuesda>, Thurvtiv Viturdn and Sunday lo>ing hangi Airport 11 22:!i Kouri and arriving at Lciter B. Pcarvxi International Airport the Miming day CjII tvur Tnsrt \gertt i>r Air jnjJj at 7JJ8555. 1 BREATH OF FRESH AIR
      41 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      179 6 wani V/S'IZ. v///y Max/ Note Mln (°C) 26/18 Fine 09/07 Roin 21/09 Cloudy 23/17 Cloudy 35/2S Cleor 27/21 Cloudy 15/01 Cleor 15/08 Sunny 18/10 Cloudy 14/02 Clear 24/18 Roin 11/06 Showers 27/20 Cloudy 12/00 Roin 13/03 Cloudy 26/14 Clear 28/12 Clear 6-15 Cloudy 20/14 Roin 26/16 Cleor 03-09 Cloudy 08/06
      179 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      222 7 m Jf w mm f**2 v* 4 O ne by One. Your international parcel or document will never leave our control. Wherever in the newly extended UPS network it may be going. Everyone involved in your delivery is a vital part of the international UPS system. Long before a UPS
      222 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1155 8 SINGAPORE: Having had its upside attempts thwarted by Fed intervention on Monday, the Tokyo holiday today provided an excuse for the US dollar to stagnate as the market await last's release of US February consumer price index ed 0.5 per cent). With Friday's surprisingly large producer price index
      1,155 words
    • Article
      Asian $ market
      241 8 Asian market ASIAN DOLLAR deposit rates ended slightly higher in quiet trade yesterday, with underlying sentiment based on a continued high US Federal funds rate and expectations of higher US interest rates, dealers said. The market was awaiting the release of US February consumer price index data due at 1330
      241 words
    • Article
      Lock icon Thai highway loan signed
      99 8 Reuter ELEVEN Thai commercial banks have signed an agreement to provide 22 billion baht in long-term credit facilities for Bangkok's second stage expressway. Project adviser Shearson Lehman Hutton Asia Ltd said the facilities included 15 billion baht of a 20-year revolving term loan, a 5 billion
      Reuter  -  99 words
    • Article
      Government Securities Market
      113 8 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BtO OFFER HIGH LOW 3 months BQ*****W 15.06.89 3.50 3.45 3.52 3.43 6 months BS*****N 17.08.89 3.80 375 3.80 3.77 1 yeor 8Y*****H 23.11.89 3.88 3.83 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      113 words
    • Article, Illustration
      World interest rates
      175 8 Indicates the average of the prime lending rates of 12 major banks in Singapore Interbank market rates (offer/bid) on Mar 21 uss DM SWFC Van 7 ton 10 7/0 13 7/0 13 3/4 4 S 7/» S S/0 S 1/3 4 S/0 4 1/3 1 10 S/14
      175 words
    • Article
      Options
      855 8 CURRENCY FUTURES OPTIONS Tuesday, Mar 21, 1989 OEUTSCHEMARK (StMEX) Apr 88 can* High Low Sofl Apr High mpm Law So* 54 411 35 M 57 39 2 7 41A I07A 44 113 Mm 88 caOa mgh low SoM Jun Nigh 88 pad law toa 51 52 53 54 ISA
      855 words
    • Article
      IMM
      283 8 IMM currency futures closed on a firm note and near the highs of the day set in afternoon activity after a sparsely traded session on Monday Traders tied the advance partly to shortcovering after an unexpectedly large rise in February US wholesale prices on Friday had pulled prices down.
      283 words
    • Article
      Money markets
      70 8 THE OVERNIGHT RATE on the Singapore money market fell by 1/8 point to close at 4-3/8 per cent yesterday. The one and two-month rates fell 1/18 point each while the three-month rate rose by 3/16 point. S$ In terbank rates at ft* !j ■< Ormurrai mu 4 3/1
      70 words
  • Page 8 Advertisements
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  • BANKING AND FINANCE
    • Article
      Lock icon Simex
      507 9 Reuter EURODOLLAR futures ended mixed after moving narrowly in cautious trade on Simex yesterday. They said the undertone was soft amid concern over inflation and expectations of further credit tightening by the Fed after the one pet rise in US February producer prices. The market was awaiting yesterday's 1330
      Reuter  -  507 words
    • Article
      Comex gold/silver futures
      172 9 Gold futures on Mar 20, 1989 tOO troy ounces; USS per troy ounce Open Htgfi Low SpMo Mar 396.20 396.20 396.20 396.10 2 JO Apr 397.X 399.00 391.20 397.40 2.40 May 399.90 2JO Jwi 402.00 404.00 401.80 402 50 2.60 *-9 404.40 409 30 408.00 408.20 170
      172 words
    • Article
      Lock icon IMF may help finance debt reduction
      93 9 AFP THE International Monetary Fund may provide financial backing to facilitate debt reduction operations by heavily-indebted countries. IMF Managing Director Michel Camdessus said in Amsterdam on Monday that a proposal for the provision of a resources fund "to allow a cash buyback, to purchase
      AFP  -  93 words
    • Article
      Lock icon Malaysian banks to ask for base lending rate review
      211 9 AFP MALAYSIAN BANKS are planning to ask Bank Negara, the country's central bank, to review base lending rates, currently at a 20-year low. Basir Ismail, chairman of the Association of Banks of Malaysia, was quoted as saying yesterday that he had
      AFP  -  211 words
    • Article
      Lock icon White House allays fears of long-term rise in inflation
      396 9 UPI THE WHITE HOUSE, seeking to quell economic jitters, insisted on Monday that there is no reason to believe a recent rise in prices portends a "long-term rise in inflation" warranting a change in its policies. "Our analysis shows any number
      UPI  -  396 words
    • Article, Illustration
      Need for management information systems
      574 9  -  By ALVIN TAY BANKS AND securities houses are more aware of the need for good management information systems (MIS) in the aftermath of the October 1987 stock market crash, said Howard R Brown, the chairman of Ernst Whinney International Banking group He said in an
      574 words
    • Article
      'Singapore banks must decide now on EC branches'
      223 9 SINGAPORE BANKS which are keen to take advantage of opportunities in Europe after 1992 must decide now where they want to set up branches or subsidiaries. The chairman of Ernst Whinney International Banking group said: "They need to be in one country
      223 words
    • Article
      Lock icon Two London merchant banks expected to show poor results
      219 9 Reuter SHARPLY LOWER results this week from two of London's leading merchant banks will provide fresh evidence of securities market overcapacity, analysts say. Morgan Grenfell Group pic and Kleinwort Benson Group pic are expected to post 1988 pre-tax profits down by
      Reuter  -  219 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      15 9 THE FEW MINUTES SPENT READING THIS AD COULD SAVE YOU YEARS WASTED ON OUTDATED TECHNOLOGY.
      15 words
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      Page 9 Advertisements Column 2
      469 9 To celebrate our 50th Anniversary, Hewlett-Packard, voted by Fortune Magazine as "The Most Admired Computer Company** in 1989, presents "Celebration *89" the PC and Peripherals event of the year! And as part of our celebrations, we're inviting personal computer industry experts from all over the world to present seminars on
      469 words
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  • COMMODITIES
    • Article
      Lock icon Indonesian, Malaysian officials holding tin talks
      211 10 Reuter INDONESIAN OFFICIALS were scheduled to leave for Kuala Lumpur yesterday for talks on tin, a spokesman for state-owned PT Tambang Timah said. "President-director Sujatmiko and three other officials will leave this afternoon for Kuala Lumpur for consultations on all aspects of tin," spokesman
      Reuter  -  211 words
    • Article
      Precious Metals
      283 10 HONGKONG: Selling by Australian and European investors pushed gold down slightly in thin, quiet trading in the absence of direction from Japan, where the market was closed for a holiday yesterday. Bullion ended at US$394.00/50 after opening unchanged from New York's 395.00/50 close. Dealers said local speculative buying
      283 words
    • Article
      KL Tin
      184 10 THE KLTM price fell another 15 cents to M$24.17 a kg on lack of demand yesterday, traders aald. Buyers remained cautious and only appeared at the lower levela. European Interests took all of the day'a turnover of 73 tonnes. Volume waa 74 tonnes on Monday. The further price
      184 words
    • Article
      Lock icon Crude Oil and Products
      152 10 Telerate ACTIVITY for fuel oil remained fairly thin in the Singapore market yesterday. Sell prices were notionally pegged at US$83-US$84 per tonne fob Sing for CST-180 while buy numbers were reported to be around the US$80 per tonne mark. Fundamentals had changed little and market sentiment
      Telerate  -  152 words
    • Article
      Rubber
      249 10 SINGAPORE: Rubber prices ended lower with April 1 RSS buyer quoted at 201.50 cents a kg yesterday. The morning market registered a loss of three cents in quiet trade on long liquidation and in the absence buying support In the afternoon, values drifted a little lower in quiet trade
      249 words
    • Article
      SSR and SMR
      77 10 k»*Ag) AMMt 19S9 MAY 1989 (currant month) (forwc ird montfi) NO ON H OON RAS Sll«n SSI 20 1*3j00 105.OON 183.00 185.OON S» 50 lttjOO IIX00N 101.00 18 3.OON MRELB c, r •)*rnn SMI cv 290.00 292.00N 292J00 294.00N SMI I 219.00 291.00N 291.00 293. OON SMI
      77 words
    • Article
      Soybean
      105 10 SOYBEAN FUTURES rallied steadily all day on commodity fund buying on the Chicago Board of Trade on Monday, pushing prices through technical resistance around the US$7.89 per bushel level in May to turn the chart picture bulliah. Soybean futures ended near the higha, up 8-1/2 to 2-3/4 cents per
      105 words
    • Article
      Wheat
      100 10 WHEAT FUTURES closed down on a weak note on the Chicago Board of Trade on Monday, despite the strength in the nearby corn and soybean pits, on private forecasts of increasingly regular rains in the still dry Western wheat states. Wheat futures ended on or near the lows, down
      100 words
    • Article
      RAS and MRELB
      259 10 RAS prices Mrtfkg. FC Win Mi NOON CLOSE Int 1 RSS Prompt 202.00 203.00N DVjrfn 201 JO 202.50 Int 1 RSS Apr 99 20X50 203.00N ***** 202J0 Int 1 RSS Mey 202.00 202.50N 201 JO 202J0 Int 2 RSS Of 19*40 198.00N 195 JO 197 JON Int
      259 words
    • Article
      Palm Oil
      332 10 MALAYSIAN crude palm ofl fell in the afternoon session to close lower after initial steadiness, on light speculative selling and buyers' reserve yesterday. March central region fell M$4 to M8941 a tonne while south waa down MS2.S0 to M$952.50. The refined palm oil market remained listless, reflecting a
      332 words
    • Article
      Produce Prices
      230 10 Chinese Produce Coffee Exchange AF1 FOt NSW Af2 FOt NSW 400.00 350.00 SotorV noon doling prices on EK1 FOt NSW 365.00 Mor 21 (S$/100 kg) Robutfa 20/25% Cocomrt oil FOt NSW 325.00 M FOB 106.00 Nutmeg OM drum FOt 118.00 Now drum FOt 122.00 110 FOt NSW 1190.00
      230 words
    • Article
      London Markets
      262 10 London Commodity Exchange KNgh/Low Aug High/Low Solos Saw 2764/271.0 276.4/272.0 (2838) Buy or/Seller dosing prices on Mar 20, (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee No 6 OF 299.00 (303.40) No 6 FO« 268.00 (272.40) No 5 328.00 (331.50) Ollt (US$/tonne) Bosh in-tfor* London, seders option
      262 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      202 10 HERE'S TO YOUR VERY GOOD HEALTH! V M JVW*** i* j K^rX^V9 r Z L ifest1 le tfcA A better life. A better future. These are things we all want. And our health is vital to achieving them. At Great Eastern Life, we understand this. Which is why we created
      202 words
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  • FOCUS
    • Article
      Lock icon Traditional authoritarianism and new freedoms
      602 11 AP SOVIET LEADERS warned last year that their definition of democracy might be a bit different from the Western one. So far, they are right. As the Soviet Union lurches towards its first multi-candidate elections, it is clear that President Mikhail Gorbachev's reforms have brought
      AP  -  602 words
    • Article, Illustration
      Is the CIA behind poor Moscow-Manila trade ties?
      795 11  -  By AL O LABITA JR THE PHILIPPINES ags behind its Asean neighbours in trading and investment links with the Soviet Jnion and some officials have an uncanny feeling that il is the handiwork of the US to insulate its security interests in
      795 words
    • Article
      Lock icon More US companies taking closer look at Soviet market
      800 11  -  Non-convertibility of rouble seen as major obstacle By JOHN MEEHAN IHT ASK DONALD KENDALL what he thinks of perestroika, and he talks of an army of consumers. 286 million strong, who have big appetites for Western goods and bank accounts to
      IHT  -  800 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      42 11 V| 11 i.i t- 1 Sunday, March 26,1989 Grand Ballroom Hilton International Singapore *l*\ i. f« All lots are guaranteed and backed by a full trade in /alue at our showroom 'n Auctioneers. Ch<j>ng Kcnm St'nj* (CKS) Auctioneers i Valuers Pte Ltd
      42 words
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      Page 11 Advertisements Column 2
      286 11 SIGN UP AND ENJOY THE BENEFITS EXCLUSIVE TO OCBCS NEW GOLD STANDARD vis* 1 w 1 i4 y r n oOOO nQflO U V OVERSEA-CHINESE BANKING CORPORATION LIMITED 1 s S3 1 j THE OCBC WORLDASSIST PROGRAMME In its continuing programme to reach for higher standards, OCBC is proud to
      286 words
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  • PERSPECTIVE
    • Article
      Apparent gap in relaying threats
      478 12 DISASTERS in the air are a phenomenon of growing concern to airlines, governments and the flying public. While national aviation regulatory agencies are pressuring airlines to tighten up safety checks on aircraft, and airplane makers themselves are being forced to shore up quality control standards,
      478 words
    • Article, Illustration
      Lock icon A president in his own might
      1147 12 The informal, hands-on management style of US President George Bush is winning praise from those who felt alienated by his predecessor's aloofness. But critics worry that Bush is stepping into the mistake of the Carter presidency. NYT PRESIDENT BUSH is developing a highly-engaged management
      NYT  -  1,147 words
    • Article
      Lock icon Malaysian traders told to exploit Vietnam's reconstruction
      764 13 Berñama IN THE FACE of creeping protectionism and shrinking traditional marketa, the opening of Indochina and the reconstruction of Vietnam in particular may spell new market opportunities for Malaysian traders. "With a market of almost 72 million people (60 million concentrated in Vietnam)
      Berñama  -  764 words
    • Article, Illustration
      Lock icon Referendum delay puts more pressure on Chun
      650 13 AFP SOUTH KOREAN President Roh Tae-Woo's decision to delay a referendum on his rule will increase pressure on his disgraced predecessor, Chun Doo-Hwan, to submit to questioning in the National Assembly. According to analysts, Mr Roh's surprise announcement on Monday that he was
      AFP  -  650 words
    • Article, Illustration
      Lock icon Rajiv takes yet another beating
      483 13 Reuter INDIAN PRIME MINISTER Rajiv Gandhi, beset in election year by squabbles in his party and allegations of government corruption, has taken yet another beating. Yielding to furious opposition demands last Friday, he agreed to give parliament a highly confidential report of a judicial investigation
      Reuter  -  483 words
    • Article
      Lock icon Contradiction in China's housing policies
      920 13  -  By JOHN POMFRET AP AN AMBITIOUS EXPERIMENT to allow Chinese to own their own homes has halted in the seaside city of Yantai because of complaints from powerful officials and austerity policies in Beijing. Other experiments in housing reform throughout China are also off to
      AP  -  920 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      428 12 If you want to change your work habits, we suggest you face our panel. ■■■x-.tw.-H'Mmtwam ''J l.' mm > > S p:&. ;,vm m v v<*.< T* m V m LQ-255D t Complex and tiresome simultaneous multi-button font cartridges. And you can confirm your selection with form printing. This is
      428 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      63 12 BriStCMnRaaklttcterc Guess U)HRT MeNRv A G(?G£.N V-tP\S B>GjG-N SPNCKFD OMTHe SFbT.... weMRy GReeN Pu\ce Hfirn.. V-KtSTMF. CMP\PTHP\T MeveR DID STROKE OF U30f?<... MPvD A til CAN'T SCHGroe To GfcT OUT OF £\feRy TM\NG... A SToRC OP U)OMD€kR)/ focuses AND Plausiblc l ey,pLBNiPvTiONS LOHeNeveP HF > GOT CAUGHT £~>£jyr lCV wQV
      63 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      671 13 If you have a need for information or analysis in the defence, aerospace, or transport industries, there is only one source that can offer you this range of products and services. on Group DEFENCE, AEROSPACE AND SPACE YEARBOOKS, REFERENCE BOOKS AND DIRECTORIES Interavia ABC Aerospace Directory I Air Forces of
      671 words
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  • LEISURE
    • Article, Illustration
      Lock icon Oxford dictionary's mammoth new edition
      802 14 LANGUAGE AP THE 5,000 "new" words in the second edition of the Oxford English Dictionary say more about the glacial pace of lexicography than about the age of the words. There are freshly minted terms such as Aids-related (referring to the deadly disease), fax (a
      AP  -  802 words
    • Article, Illustration
      The girl who wanted to be a barber
      955 15  -  Other journalists may have uncovered the 'Pam Scandal', but HARISH mehta interviewed Pamella Bordes long before she acquired notoriety as Papadum Pam. HARISH MEHTA MOVE OVER Christine Keeler, the Profumo Scandal is now about as exciting as cold cabbage. Hot and spicy
      955 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      175 14 Where to entertain. ONE G(X)l) REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OK MAIN (XXJRSES. PAI.M c t agg ror between 526++ and 540+ you can select from our appetiser vjKII.L buffet including seafood, smoked salmon and oysters. Choose from many lavish
      175 words
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      Page 14 Advertisements Column 2
      160 14 Bubbling, Simmering, Piping, Hot Steamboat Buffet AT MING PALACE 7pm 10.3()pm Select from: Fresh Big Sea Water Prawns Garoupa Meat Fish Balls Beef Chicken Cuttlfish Crab Liver variety of vegetables variety of ntnxiles S$15+ per adult S$10+ per child j C71 under 12 Eu A WHO COURT MOTEL 1 Tanglin
      160 words
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      Page 14 Advertisements Column 3
      201 14 THE OWE AND ONLY ERNIE WATTS Crystal Ballroom Hyatt Regency Singapore Wcdncsday, 22 March 1989 Gala Concert $35nett per p»-rson (I.united premiere scats at S40r»eti) Concert starts promptly at 8.00 pm Thursday, 23 March 1989 Dinner Concert $75nett per person Dinner time 8.00 pm Concert 9.30 pm sharp TkktU atmiUbU
      201 words
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      Page 14 Advertisements Column 4
      292 14 Exquisite Thai-Oriental Cuisine at its best S€*000-TH€4TK o«y iUKXXKSWuuriT h. V J or lieef on Hot Plate Seafocxi Combination Seafood Pancake Fashion Shows on Tuesdays Fridays at I.15pm Plaza Hotel SIM C A POM Ro*d 0719 Paramount Hotel Where We happy people go To DANCING LOUNGE Experience a new and
      292 words
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      Page 14 Advertisements Column 5
      246 14 It's been called the food of the gods and no wonder! The largest buffet spread of tantalising Greek dishes. Yalantzi Dolmathes (stuffed grape vine leaves), Shish Kebab and Skembe Yahni (tripe stew) are just some of the excellent choices available. If you've never tried Greek cuisine, this is an experience
      246 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      195 15 Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for every drink you order you get your next FREE. And bottle purchases are at 25% less There's no happier time to enjoy your favourite drinks and some of the best musical
      195 words
    • Advertisement
      Page 15 Advertisements Column 2
      57 15 Take Jie Mfe Is V////. m i 1 z V J. i m a FULL* MATURFD m «oi QUALITY GUARANTEED FINEST SCOTCH WHISKY BLENDED BOTTLED BV fyroye '■Aa/Zajiti/tf c4ort. Ituru/cd C/)(4////m S)um6ar/oti. efrot/aru/ PdODUCT Of SCOTLAND W MPOT OLM *111(0 MAIM H DISTRIBUTORS SOU BMC M JUU Pf NCHAIA PETAUNC
      57 words
    • Advertisement
      Page 15 Advertisements Column 3
      73 15 SOME THINGS NEVER CHANGE.. like romancing, candle-light dinners and good old-fashioned dancing especially cha-cha. tango, foxtrot, saraba.waltz. the list goes on At the Hearthrob you can relive those magic moments of yesterday and (who knows 9 maybe create new ones is 111(11 II Level 2. Hotel Chateau at Scotts 45
      73 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      630 15 CRYPTIC PUZZLE ACROSS 1 See a jalopy, very inexpensive (5) 6 Both are out to make a mess of the job (5) 9 In which herrings are caught by the fins? (7) 10 Boatman's skill (5) 11 Because there's been some lapse of time? (5) 12 Works steadily at making
      630 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1365 15 TV and RADIO World's youngest Prime Minister OUR CHOICE INSIGHT: 60 MINUTES, 8.00pm, Channel 12 Four stories are featured tonight. The first is The Prime Minister', where Pakistan's Benazir Bhutto, the first woman leader of a Muslim country, is interviewed. The next takes a look at Brazil's phenomenally high '1000%
      1,365 words
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  • SPORTS
    • Article, Illustration
      Lock icon Stubborn Krickstein claws way to victory
      619 16 TENNIS AP TENTH-SEEDED Aaron Krickstein came back from a two-set deficit and won a fifth-set tie-breaker on Monday to beat Luiz Mattar in the first round of the International Players Championships in Florida. A service winner on match point gave Krickstein the victory, 4-6,
      AP  -  619 words
    • Article
      Room for complementary action and competition
      396 16  -  COMMENTARY By CHARLES SAVAGE WITH THE LAUNCH of the Team Borg Grand Prix Challenge in Singapore, another vital link has been laid in making the Republic a tennis centre in the Asean region. This series of 14 competitions organised by Bjorn Borg Sports Marketing
      396 words
    • Article
      Lock icon Electronic eye to call the shots at courtside
      296 16 AFP BUTTON UP John McEnroe and company. A computer that brooks no argument may soon be calling the shots in the tennis world. Australia, once noted for producing tennis champions, has now invented a new kind of court wizardry. Using a system
      AFP  -  296 words
    • Article
      Lock icon Stieb believes in his ability to do job
      548 16 BASEBALL AP DAVE STIEB's attitude can be deceiving. "A lot of times my confidence is mistaken for cockiness," the Toronto Blue Jays' pitcher said. "I was very confident when I first came up (to the major leagues). "I believed in my ability,
      AP  -  548 words
    • Article
      Lock icon Sorry, no wives while playing
      180 16 CRICKET Reuter AUSTRALIAN PLAYERS say they are so serious about regaining the cricket Ashes in England later this year that they are going to leave their wives and girlfriends at home. Senior players in the 17-man squad out-voted younger members who wanted to take their
      Reuter  -  180 words
    • Article, Illustration
      Lock icon Cavaliers pull off another victory
      503 16 BASKETBALL AP JOHN "Hot Rod" Williams scored six points during a key 12-3 flurry early in the fourth quarter and the Cleveland Cavaliers tied a team record with seven successful three-point shots on Monday in beating the Washington Bullets 103-97. Ron Harper scored 23 points
      AP  -  503 words
    • Article
      PGA event faces green fee snag
      293 16  -  GOLF By A SURENDREN THE FIVE-LEG PGA British Petroleum golf tournament has hit a snag, with the Singapore Island Country Club intending to charge green fees. None of the clubs involved in the year-long circuit for the past two years charged any fees for
      293 words
    • Article, Illustration
      Lock icon Taiwanese and American likely to set pace in Jakarta
      256 16 AFP TAIWAN'S Lu Chien -soon and American Brian Claar will lead a record pack of 225 goffers in the Indonesia Golf Open which tees off in Jakarta on the Rawamangun Jakarta Golf Club course today. Lu comes fresh from last week's
      AFP  -  256 words
    • Article
      Lock icon Brazilian moves a step closer to meeting Tyson
      230 16 BOXING AP SOUTH AMERICAN heavyweight boxing champion Adilson "Maguila" Rodrigues of Brazil won a unanimous decision over James Tillis of the US in a 10-round fight on Monday in south-western Brazil. Rodrigues improved his record to 34-2. with 26 knockouts, in a
      AP  -  230 words
    • Article
      Lock icon Non-title fight
      63 16 AP UNBEATEN Australian supermiddleweight boxer Jeff Harding will fight Oario Matteoni of Argentina in a non-title fight in Australia on May 12. Australian promoter Bill Mordey said yesterday he hoped the World Boxing Council, which ranks Harding as No. 2, would recognise the contest as an official eliminator
      AP  -  63 words
    • Article, Illustration
      Lock icon Cross-country ace eyeing track honours
      543 16 ATHLETICS AP AFTER MASTERING the mud for a record fourth straight world cross-country championship, John Ngugi of Kenya is ready to attack the track. "I will concentrate on the 10,000m this summer and I think I'm ready to attack the world record," said Ngugi on
      AP  -  543 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Apollo shareholders given option to buy shares back in a year's time
      526 17  -  By MAGDALENE NG THE HONG LEONG group is sweetening its takeover offer for Apollo Enterprises Ltd by giving Apollo shareholders an option to buy their shares back at $1.70 each in a year's time. Together with the latest
      526 words
    • Article
      IGB confirms purchase of MUI shares
      266 17 THE IGB CORP group has confirmed buying large amounts of Malayan United Industries shares last week through its subsidiaries and associates With the purchase, the IGB group now holds 15.36 million MUI shares or 4.5 per cent of MUl's equity. The stake is short
      266 words
    • Article
      UOL turns around to profitability
      532 17  -  Second-half profit of $3.49m erases interim loss By KEVIN GWEE HELPED by the recovery in the property and hotel sectors, United Overseas Land Ltd erased its first-half loss and returned to profitability last year. UOL the property arm of the United Overseas Bank group earned
      532 words
    • Article
      Lam Soon profits up 60pc, Sino Land disappoints
      430 17  -  By FOO CHOY PENG HONGKONG's reporting season continues with the latest announcement of higher profits by two Singapore-linked groups, Lam Soon (Hong Kong) and Sino Land. But while analysts were pleased with Lam Soon's 60 per cent rise in net profit for
      430 words
    • Article
      Promet Petroleum plans to raise HK$89m for project
      208 17 HONGKONG-LISTED Promet Petroleum is proposing to raise HK$89.7 million through a new share placement to help finance the development of an oilfield in Bunyu Island in Indonesia. According to a report in The South China Morning Post on Monday, Promet Petroleum plans
      208 words
    • Article
      UEL to sell its entire UEM CULS for M$52.5m
      243 17 UNITED Engineers Ltd has agreed to sell its entire holding of M$12.5 million 10 per cent Convertible Unsecured Loan Stock (CULS) in United Engineers (Malaysia) Bhd to a Malaysian party for M$52.5 million (S$36.9 million). Net proceeds from the sale will
      243 words
    • Article
      Lock icon United Plantations pre-tax profits rise 423pc to M$26.80m
      178 17 Bernama UNITED Plantations Bhd chalked up a group pre-tax profit of M$26.80 million for the year ended Dec 31, 1988, up 423 per cent from a profit of M$5.12 million earned in the previous corresponding period. A statement said pre-tax profit at
      Bernama  -  178 words
    • Article
      Berjaya may get US$100m help in its bid for SSMC
      361 17 BERJAYA CORPORATION'S takeover bid of United States-based SSMC inc can expect financial reinforcements of US$100 million from a support group comprising Singapore and Hongkong investors. NST yesterday reported that these investors would add a whole new dimension to the on-going
      361 words
    • Article
      Lock icon Dunlop's group profit more than doubles
      159 17 Bernama OUNLOP Estates Bhd recorded a 147 per cent increase in group pre-tax profit to M$74.43 million for calendar 1988 from M$30 11 million previously. This was over a 41 per cent increase in group turnover to M$330.59 million from MS233 98 million previously.
      Bernama  -  159 words
    • SES
      • Article, Illustration
        Widespread afternoon buying helps market to recoup early losses
        1099 18  -  —by AMDHEA BORCH WIDESPREAD BUYING in the afternoon converted the local market's five-point, early-morning drop into a six-point gain yesterday. Investors were buying from all over, including overseas, one dealer noted. "You saw prices start to turn around in the midmorning
        1,099 words
      • Article
        COMPANY MEETINGS
        118 18 VAN DER H0R8T: 15th AGM held at 11. Padan Crescent, Singapore 0512, tomorrow, March 23, at 10 am. S AMANDA HOLDINGS 8ERHAD: 17th AGM at 10th Floor, Wisma Central. Jalan Arapang, ***** Kuala Lumpur on Friday, March 24, at 10 am. THE WILKINSON PROCESS RUBBER COMPANY BERHAD: 57th
        118 words
      • Article
        APPROVED ISSUES
        142 18 Company RIGHTS ISSUE D I C Bank On* tor NX f. J H- > Q |0 n p*r iter* Q cx OOt mB Books don KCT T March 23 Goorg* Town THr**<for N »o 0 $1 00 p*r *or« Ex dot» Mi irch I) Books March 2B Acc*p*o*c*
        142 words
      • Article
        PROPOSED ISSUES
        330 18 Company RIGHTS ISSUE Ayer Hitom Tin One-for-one $1 10 per shorn Berjaya Corpn One-for one $1 00 par per sh are C 1 Holdings 27 niihoA loon docks in the ratio ol $3 loon stock lor every five onft -1 t--IJ nary Couseway Inv wwtl WU Issue of
        330 words
    • Article
      SES SHARE INFORMATION
      5904 18 itai High um Low Tel Cod* Compeny Laat Sate MAR 21 OCVol fOOO) Day High Low Leal Buyer 1 iflBmY Qr*a Dhr Dhr Cot Qfa rid MM P/E M Cap SECTION ONE MOUSTRIAL 4 COMMERCIAL 162 86 260 167 136 460 230 350 132 167 177 297
      5,904 words
    • KLSE
      • Article, Illustration
        KL prices rebound
        3372 19 SHARE prices showed remarkable resilience and rebounded to close firmer on the Kuala Lumpur stock market yesterday. This was despite another sharp drop on Wall Street on Monday. Investors ignored the US market and share prices were sought higher. The Oow Jones Average which fell 48.57 points
        3,372 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Toyota believed to have made best bid for Hyster
        352 20 FT TOYOTA of Japan has made a substantial cash offer for Hyster, North America's largest manufacturer of forklift trucks. Hyster's parent, the Esco Corporation, put the business up for sale last year with an asking price believed to be between US$700
        FT  -  352 words
      • Article
        Lock icon TNT extends takeover bid for Poseidon
        99 20 Reuter AUSTRALIAN transport group TNT Ltfl has extended its takeover offer for gold miner Poseidon Ltd to April 13 from March 28. TNT said in a stock exchange notice it had raised its holding in Poseidon from 19.82 to 24.68 per cent through acceptances
        Reuter  -  99 words
      • Article, Illustration
        Lock icon Higher consumption and company taxes for NZ
        202 20 AP NEW ZEALANDERS will pay a higher consumption tax and higher company taxes under deficit-cutting measures announced yesterday by Finance Minister David Caygill. Mr Caygill said that from July 1, the 10 per cent goods and services tax (GST) would rise to 12.5
        AP  -  202 words
      • Article
        Lock icon Seoul to privatise three companies
        213 20 Reuter THREE South Korean state-run institutions will sell shares on the Seoul stock exchange by the end of this year, financial officials said. The Korea Electric Power Corp (Kepco). Korea Telecommunication Authority (KTA) and Citizens National Bank (CNB) will offer the public a total of
        Reuter  -  213 words
      • Article
        Lock icon Rail head resigns
        110 20 Reuter THE PRESIDENT of Seoul's Subway Corporation resigned on Monday over a five-day-old strike by thousands of rail workers demanding higher pay and the release of arrested union leaders "Less than 20 per cent of some 5,900 union members are back to work and there's little sign
        Reuter  -  110 words
      • Article
        Lock icon Nippon Life to boost ties with Deutsche, Lyonnais
        294 20 FT NIPPON LIFE, Japan's largest life assurer, is planning to strengthen commercial links with West Germany's Deutsche Bank and leading French bank. Credit Lyonnais. The president, Mr Gentaro Kawase, is in Europe this week for talks with both banks. However, the company
        FT  -  294 words
      • Article
        Lock icon AFP takes 20pc stake in Chase
        290 20 Reuter CHASE CORPORATION Ltd announced that AFP Group pic would take a 20 per cent stake in the company which will yield Chase NZ$45.6 million. Chase said in a statement accompanying its six-month result to Dec 31, 1988 it had placed 10 per cent
        Reuter  -  290 words
      • Article, Illustration
        Shares recover to end steadier
        1340 20 Hongkong HONGKONG stocks staged an afternoon comeback on active local buying yesterday to end slightly higher despite lingering fears about inflation, brokers said. The Hang Seng index advanced 9.70 points to 3.056.43. Monday's panicky reaction to the larger-than-expected rise in US February producers prices, which
        1,340 words
      • Article
        Lock icon Manila: Mixed finish
        180 20 Reutor PHILIPPINE STOCKS ended mixed yesterday, but gains in oils generated by continued speculation about a drilling project due to start in April offset all losses to boost the overall price average on the Manila Stock Exchange. Manila's composite index closed 1.24 per cent higher at 879.38
        Reutor  -  180 words
      • Article
        Lock icon New Zealand: Narrowly mixed
        211 20 Reuter THE NEW ZEALAND share market closed narrowly mixed yesterday but brokers are quietly confident of support today following yesterday afternoon's budget news. Brokers had little time to digest the likely ramifications of a NZ$1.5 billion cut in the 1989/90 budget deficit through a mixture of
        Reuter  -  211 words
      • Article
        Lock icon Bombay: Prices still down
        184 20 Reutor BOMBAY share prices yesterday fell for a second day on heavy profit-taking ahead of the three-week settlement. Brokers said investors with large long positions were active sellers in anticipation of high contango (carry-forward) charges to be fixed tomorrow. The market is closed today, a Hindu
        Reutor  -  184 words
      • Article
        Lock icon Taipei: Higher dose
        368 20 Reutor TAIWANESE share prices ended broadly higher yesterday as limited bargainhunting sent the index bouncing back from Monday's 259-point decline, dealers said. The weighted index rose 85.12 points, or 1.2 per cent to 7,172.95 compared with Monday's 7,087.83 finish. Turnover dropped to NT$43.08 billion from NT$48.4 billion.
        Reutor  -  368 words
      • Article
        Lock icon Bangkok: Index unchanged
        190 20 Reuter THAI STOCKS closed mixed in moderate trade yesterday with many cautious investors holding back to await the 1330 GMT announcement of the lastest US consumer price index, brokers said. The Securities Exchange of Thailand Index ended unchanged at 434.30. Declines led advances 42 to 38. with
        Reuter  -  190 words
      • Article
        Lock icon Seoul: Losses recouped
        126 20 Reutor SEOUL STOCKS recouped Monday's late losses yesterday with the index marginally up on buying in electrical and bank sectors, brokers said. The composite index near the close was 991.75, up 0.11 point on the day but still below the high of 1000.28 hit on Monday morning.
        Reutor  -  126 words
      • Article, Illustration
        Lock icon Marginally lower
        462 20 Australia Reutor AUSTRALIAN shares withstood strong negative pressure from overseas to close only marginally lower in dull trade yesterday, brokers said. They ended above the day's lows as inflationwary investors turned to gold stocks. Brokers said the market was helped by solid support for the resource sector and
        Reutor  -  462 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Inflation fears deal another blow
        760 21 New York Reuter WALL STREET stocks closed sharply lower on Monday for the second consecutive session, hurt by worries that the Federal Reserve would not be able to control inflation without prompting a recession. Weakness in bellweather IBM also acted as a drag on other
        Reuter  -  760 words
      • Article, Illustration
        Lock icon Equities open cautiously firmer
        992 21 London Reuter LONDON share prices opened cautiously firmer yesterday, helped by short-covering, despite a 29-point fall on Wall Street on Monday due to inflation and interest rate concerns. Activity was relatively light, dealers said. They noted that the release of US February consumer price data (CPI)
        Reuter  -  992 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1424 21 Reuter ZURICH: Swiss share prices closed steady to higher yesterday after a day of active turnover. Dealers said that after a weak start, trading was "surprisingly positive" and Wall Street's downward trend had almost no impact on Swiss dealings. With most shares recovering from opening lows, the
        Reuter  -  1,424 words
      • Article
        Lock icon Emhart accepts B&D as white knight
        764 21 Takeover valued at US$2.8 billion NYT THE EMHART Corp, which has been resisting a US$2.4 billion takeover attempt by a New York investment group, has announced a merger agreement with the Black S Decker Corp valued at US$2.8 billion. Under the terms of the
        NYT  -  764 words
      • Article
        Lock icon London to scale down share settlement plan, says committee
        511 21 FT THE London Stock Exchange's controversial £60 million plan for a centralised paperless system for transferring and registering share ownership, first developed in 1982, has been rojected by an industry-wide committee in favour of a more modest electronic scheme. The scheme,
        FT  -  511 words
      • Article
        Lock icon Elders move puts off MB-Carnaud merger
        190 21 FT ELDERS INVESTMENTS has succeeded with a last-minute legal intervention in delaying the merger between Metal box Packaging, the packaging subsidiary of MB Group of the UK, and Carnaud, the French company. The move by the subsidiary of Elders IXL, John Elliott's group, foliows
        FT  -  190 words
      • Article
        Lock icon Elf Aquitaine to take over Pennwalt Corp for US$1.1b
        600 21 NYT ELF AQUITAINE. the French oil and chemicals giant, has agreed to acquire the Pennwalt Corp for nearly US$1.1 billion, rescuing the company from a hostile takeover by a group of American businessmen. The deal would double the size of Elf
        NYT  -  600 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      71 17 OLDEST CARPET ABLhHMhNT CHINESE CARPETS UNBEATABLE PRICES > i %V» .N xV f 5b v k. U WlS 4 >v -V %WA oa8Ofi0yo::0',:0;:0:;0v: o; o SHANGHAI SILK 120-LINt W(X)LLKN LESS 60% V V •SINCE ***** PTE LTD #01-01 Lucky Plaza, KM Orchard Road, Singapore 0921. Tel: 2*509M 7****** Weekdays: 10am
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      Page 17 Advertisements Column 2
      6 17 Clambo has bean ha Id ovar
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      Page 17 Advertisements Column 3
      297 17 Financial Newsmakers ABN Bank Institute of Certified Public Accountants of Singapore The Institute will hold two talks for members and others in finance or related fields. 1. High tea talk on RECENT DEVELOPMENTS OF INCOME TAX LAWS IN CHINA Speakers: Tax officials from China Topics: a. A brief introduction of
      297 words
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      Page 20 Advertisements Column 1
      193 20 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF THORHILD SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE 18 HEREBY GIVEN, in pursuant to Section 306 of the Companies Acp. Cap 50 that the Final General Meeting of the members of the abovenamed company
      193 words
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      Page 20 Advertisements Column 2
      239 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KING'S STAR HOLIDAYS PTE LTD KING'S STAR HOLIDAYS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 102 Upper Cross Street #07-02
      239 words
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      Page 20 Advertisements Column 3
      53 20 When people want quick results, they call CATS. CXTA I 7I7-HM NOTICE Of WINWNG-UP ORDER In the Matter of PRAGASTI (PTE) LTO Winding Up Order made on the 3rd day of March 1969. Name and address of Liquidators: The Official Receiver 140 HM Street Singapore 0617 MANJ1T DARSHAN PARTNERS SoUcHbx
      53 words
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      Page 20 Advertisements Column 4
      6 20 The Tokyo market was closed yesterday
      6 words
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  • Article
    Much higher pay here for UK executives
    562 22  -  British expats earn £17,000 more a year than back home By SANGEETA MULCHAND BRITISH expatriates here are earning almost £17.000 a year more than their counterparts in comparable jobs back home, according to a survey. With an annual net pay of £39,922, Singapore
    562 words
  • Article
    Lock icon Siddhi's party hits out at Chatichai aides
    157 22 AFP THE second largest party of Thailand's coalition government has accused personal advisers to Prime Minister Chatichai Choonhavan of interfering in the nation's foreign policy. Members of the Social Action Party (SAP), led by Foreign Minister Siddhi Savetsila, levelled the accusations against an
    AFP  -  157 words
  • Article
    Sindo fails to block property sales
    185 22 THE SINDO GROUP has failed to stop the Hongkong and Shanghai Banking Corporation from selling off two mortgaged properties. Two Sindo directors were unable to get a court order to stop the bank yesterday. As a result, Sindo House and Ramayana Building in Robinson
    185 words
  • Article
    Lock icon 'Asean members have military flexibility'
    246 22 AFP ASEAN allows its members flexible military cooperation although they are not joined in a military pact, Indonesian armed forces chief General Try Sutrisno said yesterday. "Without a military pact, we can in fact cooperate flexibly," the official Antara news agency quoted Gen Try as
    AFP  -  246 words
  • Article
    Lock icon Lorrain seeks court order for examination of Razaleigh, Musa
    188 22 Bernama FORMER BUMIPUTRA Malaysia Finance Limited (BMF) chairman Lorrain Esme Osman is seeking an order from the Kuala Lumpur High Court for the examination of Tengku Razaleigh Hamzah, Datuk Musa Hitam and five others in connection with criminal proceedings against him
    Bernama  -  188 words
  • Article
    Lock icon KL favours joint ventures
    139 22 Bernama THE MALAYSIAN government has no objections to any joint venture between local and foreign companies as long as it benefits both parties. Minister in the Prime Minister's Department Datuk Kasitah Gadam said in Kuala Lumpur yesterday that the government gave locals and foreigners every opportunity
    Bernama  -  139 words
  • Article
    Lock icon Thai potash project
    59 22 Oane-TNA THE Council of Economic Ministers yesterday agreed to propose a Thai potash mining project to be a part of an "Asean industrial project". Thai Deputy Industry Minister Dusit Rangkhasiri said in Bangkok. Mr Dusit said the proposal would be submitted to the Asean Committee on Industry,
    Oane-TNA  -  59 words
  • Article
    Lock icon Focus on ending Cambodian conflict: Murdani
    326 22 Bernama JAPAN-ASEAN co-opera-tion must concentrate on a final solution to the Cambodian conflict and Pacific economic co-operation, Indonesian Defence Minister Benny Murdani has said. Speaking at the Second Japan-Asean Conference in Bali on Monday. Gen Murdani said that Japan's position as an economic power
    Bernama  -  326 words
  • Article
    Lock icon US$20m joint textile plant
    98 22 AFP AN INDONESIAN FIRM has joined forces with the Daewoo Group of South Korea in setting up a US$20 million export-oriented textile plant in north Jakarta Antara news agency said yesterday the joint venture agreement was signed on Monday by representatives of Daewoo subsidiary Shinsung Tongsang
    AFP  -  98 words
  • Article
    Lock icon Shortfall of 34pc in KL's development expenditure
    353 22 Bamama THE MALAYSIAN government faced a shortfall of M$2.662 billion or 34.2 per cent of its development expenditure last year, the Secretary-General of the Treasury, Tan Sri Zain Azraai, said in Petaling Jaya yesterday. He said the amount involved was regarded as serious
    Bamama  -  353 words
  • Article
    Lock icon China and Malaysia to sign air service agreement
    195 22 AP CHINA AND MALAYSIA will sign an aviation agreement in Beijing next month, paving the way for the first direct air service between the two countries, a Malaysia Airlines official said yesterday. Malaysian Transport Minister Ling Liong Sik was scheduled to visit
    AP  -  195 words
  • Article
    Lock icon Comex gold
    87 22 Reuier COMEX gold futures fell on early selling yesterday following the surprisingly small 0.4 per cent rise in the US consumer prices (CPI) for February. The market had expected inflation to rise at the retail level by 0.5 per cent to 0.6 per cent. April gold was marked
    Reuier  -  87 words
  • LATE FILE
    • Article
      Lock icon Malaysia to have in-house unions
      70 22 Bernama THE Malaysian parliament yesterday passed the Trade Union (Amendment) Bill which empowers the Direc-tor-General of Trade Unions to register in-house unions in a particular trade, occupation or industry. Tabling the bill, Deputy Labour Minister Kalakau Untol said the legality of the amendments should not
      Bernama  -  70 words
    • Article
      Lock icon Australia, UK in defence talks
      50 22 AFP BRITISH Defence Secretary George Younger arrived in Canberra yesterday for a day of talks with his Australian counterpart, Kim Beazley, on the Five Power Defence Arrangement, which covers Singapore, Malaysia, Britain, Australia and New Zealand, and general military cooperation between Britain and Australia. AFP
      AFP  -  50 words
    • Article
      Lock icon Asean tin group meets in KL today
      61 22 Bernama THREE members of the Association of Tin Producing Countries from the Asean region Malaysia, Indonesia and Thailand will hold consultations in Kuala Lumpur today in the wake of the sharp rise in tin prices and to prepare for the International Tin Study
      Bernama  -  61 words
    • Article
      Lock icon Talks on Kurile islands open
      99 22 AFP JAPAN and the Soviet Union yesterday opened the latest discussions on a four-de-cades-old territorial dispute which may jeopardise a visit to Tokyo by Soviet leader Mikhail Gorbachev. The talks, led by vice-foreign ministers of the two nations, Takakazu Kuriyama and Igor Rogachev, are aimed
      AFP  -  99 words
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      158 22 QUALITY BEFORE YOU REYES I ;> 'H i! I i I I j < i nil HI', M f I J! h i I I/I II 'Mi'! I i I i 1 l I 1 I V I M 1 m > > i > WWW I 11 iliWiWWWWVWWi It.:'
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      4 22 In UK 123 0*6
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      243 22 Tha Comax sllvtr report was not available at praaattma. J One Day Conference on DOING BUSINESS in the USSR in 1989 beyond April 6th 1989 The Westin Stamford Singapore 0 MNB Sponsored by MOSCOW NARODNY BANK LTD SINGAPORE BRANCH DONAU BANK AG VIENNA PROGRAM Morning Session: Chairman: A.P. Semikoz, Deputy
      243 words
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  • SHIPPING TIMES
    • Article
      Japanese line plans own feeder services in this region
      556 23  -  Singapore will be used as a relay hub By LINDA CHEE JAPANESE major "K" Line has "strong aspirations" to start its own feeder services in this region using Singapore as a relay hub, says company president Hiroshige Matsunari. The carrier has
      556 words
    • Article
      Neptank Bunkering to sign deal with President Marine
      346 23 A NEPTUNE Orient Lines (NOL) subsidiary will be signing an agreement today for the building of a 4,000-dead weight-tonne bunker tanker. Neptank Bunkering Services Pte Ltd (NBSPL), a wholly-owned NOL subsidiary, is expected to sign the agreement with President Marine Pte Ltd.
      346 words
    • Article
      Lock icon PORTSIDES Volume of idle tankers Increases
      122 23 AFP THE downward trend in the world volume of idle tankers, in evidence since August last year, was reversed over the past month, the latest statistics from London brokers EA Gibson showed. The volume of idle tankers increased to 5.09 million deadweight tonnes (dwt)
      AFP  -  122 words
    • Article, Illustration
      "K" Line growing from strength to strength
      896 24  -  By UNDA CHEE WHEN KAWASAKI Kisen Kaisha decided to strike out on its own in 1981, in a parting of ways with Boustead, its new shipping agency in Singapore operation had 11 people to look after the needs of one principal "K" Line.
      896 words
    • Article
      INDEX TO ADVERTISERS
      994 24 A» Shpg V AtC Cofiow B 1 Accord Shpg W i/a An Ahraakjal Uaar a i 3 4 AfcoHoi Sw Alr V S AC Toaptar n V s Ammtam Tp» i 4 Aura Storict IV 2/3 Arrow Uaa* a 3 Aaoc Corrioga a s AMI i i/a
      994 words
    • Article
      Crackdown on undeclared shipments
      511 25  -  By AL O LABITA Jr THE Philippine Central Bank has ordered a crackdown on some Filipino shipowners using the country's bareboat chartering programme to smuggle in misdeclared imported equipment. The order followed the filing of a case by the Philippine Bureau of Customs against a shipping
      511 words
    • Article
      Lock icon WEEKLY FREIGHTS
      725 25 AFP DRY CARGO freight rates continued their firm trend on trade confidence and Soviet activity over the past week, but dipped a touch on Friday to close just short of a new all-time high. The Baltic International Freight Futures Exchange (Biffex) index closed up 22 points on the
      AFP  -  725 words
    • Article
      Lock icon Cosco deploys third ship
      119 25 Seatrade Week CHINA Ocean Shipping Company has deployed a third feeder ship on its regular run between Manila and Hongkong in anticipation of further growth in The 116 TEUs Huan Jiang made its first sailing on March 16 from the Philippines. It is expected to increase
      Seatrade Week  -  119 words
    • Article
      SHIPPING LIST
      8731 30 AARHU8 Osaka Bay Trtot. March 23(PK>. Luna Maerak Meerak Une. Merch 23 Ever Qooda Evergreen. Merch 25 Pleeeure Yeng Ming. Merch 25 Ned OoML ScenOutcht. Merch 27 She He. Chine Oceen Shpg. Merch 28 North See. Noreele Line. Merch 28 Ever Olemour Evergreen Merch 31 Vl»e de Mara
      8,731 words
    • Article
      LONDON FREIGHTS
      869 30 CONDITIONS on the dry cargo charter market were fairly active on Monday in view of upcoming holidays, brokers said. Interest was being maintained in most of the main sectors, although activity was likely to be restrained in the latter part of this week by a holiday in Japan
      869 words
    • Article
      SHIPS IN PORT
      1237 30 AT CONVENTIONAL WHARVES VmmJ Barth Arrival Departure KEPPEL WHARVES Coacord Gonox Kl« otoAgwte 2303(0600 Ccotw—l 1 Conbut Kl? olongMto 27 03/2300 K28 olongwla 2403AVOO Equator V K22 oloagwJa 72(***** Horn Ami ta Soo« li K33 ok»gs »d« 2203/1200 K23 otoagsido 7203/0/00 Kola Mofu Koto Woagi K3I oloagwda
      1,237 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      879 23 STP Distributors succfi^ Pedicafed fro Seivicc im Jnrdines 200 CjntoonNnt Road #12 06 SwKfcpotnt, Singapore 0201 TM *****11 TELEX NO RS ***** TERMINAL/CFS Tot *****18 220 BOOKINGS Td *****34 235 PtSAKA JAROINE SKIPPING AGENCIES SON BMO PORT KE1ANG TEL: *****18 Ttloi No MA*****MA39JOI PENANG TEL *****4 TELEX NO MA***** CFS
      879 words
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      Page 23 Advertisements Column 2
      107 23 Growing from strength to strength, Page II Wm WHEN KAWASAKI Kisen Kaisha decided to strike out on its own in 1981, In a parting of ways with Boustead, its new shipping agency operation had 11 people to look after the needs of one principal "K" Line. Today, the Singapore shipping
      107 words
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      Page 23 Advertisements Column 3
      886 23 If'V* V "M >» »> TIMES STP Distributors ETA ETD DESTINATIONS This MM Reglna M Ctoeing Time CY aa 0700 HRS CFS 27ft 2100 HRS REGINA M LEXA M MC KINNEY M LEDA M LICA M MABlT M MARC MEN M MARGRETHE M To Californi>-uS Canaaa-Ai' Wat«r S•rv,.;e ThM mull
      886 words
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      637 24 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT OSAKA BAY TOKYO BAY NIPPONICA TOCAGA BAY HONGKONG EXPRESS MONTE ROSA ALASKA MARU CITY OF EDINBURGH P KELANG SOUTHAMPTON 25/3 HAMBURG I BREMERHAVEN 18/4 ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLANO DESTINATIONS, BELFAST. DUBLIN, COPENHAGEN, AARHUS, GOTHENBURG. MALMO, HELSINKI, OSLO. AMSTEROAM, CARIBBEAN S
      637 words
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      Page 24 Advertisements Column 2
      90 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. s/ C SAV Zo?r:)jr;j Sud Anu?r CJr j CO Vjccr* i I ir»; EXPRESS SERVICE TO/from CHUE i FUMR ttSSU CSAV 2 iCSAV SPORt a ■OTNCR VIXML m TOKO MICA IQQ ANTOFVALP SA1
      90 words
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      Page 24 Advertisements Column 3
      766 24 TO EUROPE N NMASJA SINGA VM2-3 110 MOUTH SEA VM9-3 Si NORASIA AL MUNTAZAH VWM-3 1/4 NORASIA SAMANTNA VMS-3 14/4 ROT 1*4 21/4 iff ANT gJ 170 HAM BRE LEN 17/4 1*4 1*4 2*4 2*4 24/4 2*4 1/5 ZIS 1*5 1*5 Scandinavian (Aartws, Copenhagen, Gothenburg) and other European Inland points.
      766 words
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  • Page 25 Advertisements
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      989 25 ZJ The Straits Steamship Group w. p&o Containers CONTAINER SERVICE TO UK/CONTINENT STRAITS SHIPPING Singapore to Sabah, Sarawak. BruiKN Ports and Bangkok PtCASUS PIONEER PtCASUS PROGRESS BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 n k itii ;< a oicf.i :r.t: ia .w.^ ICONTAINERSHIP SERVICE FROM UK'CONTINENT: H'buri B'havan R"dam THAMES
      989 words
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      Page 25 Advertisements Column 2
      853 25 APPOINTMENTS Join the leading NVOCC FREIGHT MANAGEMENT SINGAPORE I Guri, ia I ;iu tofrmi ltmta Hi :,ir ii i l/lHU 6 months or more experience in shipping documentation covering consolidation activities. able to type u;i:o i 1 year or more experience in seafreight shipping cargo consolidation outgoing personality with strong
      853 words
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      479 26 —r USI NOSE MARITIME PTE LTD ISLAMIC Rl PUBLIC OF IRAN SHIPPING LINKS IRANIAN SERVICE Singapore Loading for:IRAN BAVAN PJL681 Sid BANDAR A88AS KYOWA LINE •OUTH PACIFIC mvici MOTHER VSL KYOWA VIOLET V 24 KYOWA HIBISCUS V.36 HK LOAO FOR: 31/3 VILA, NNA, LTK, SUVA, PACO. APIA 21/4 GUAM, SAIPAN,
      479 words
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      Page 26 Advertisements Column 2
      1118 26 0 HANJIN SHIPPING CO., LTD. TO EUROPE VIA SUEZ FU'l.I.V containerised service TO USA PACIFIC SOUTH WEST CHOYANC SUCCESS 2W HANJIN TONC HA£ U* HANJIN ROTTERDAM 2W CHOYANC SUCCESS 41W L*Ha«rt R'dam HW| 8 hj*«n Fitom 12/4 13/4 19/4 204 26/4 27/4 3/S 4/5 14/4 16/4 17/4 21/4 23*4 24/4
      1,118 words
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      Page 26 Advertisements Column 3
      163 26 l5\ DOIUGIUAMA UltfE HA I TINC V»2 BUSAN GIMY VTO MALAYSIA CIMT VW3 RACNA Ml SINGAPORE GLOAT V*3 tH S PORE P KELANC PENANC INCHON BUSAN 25 Ml' Mar 3 Apr 5 H Mar a Mar 5 Apr I 31 Mar 1 Apr 3 Apr U Apr 13 Apr Apr
      163 words
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      Page 26 Advertisements Column 4
      1236 26 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) PKL SCP HKC KSC KLC PUS MKT OSK TYO CMS hai avr iuu SS:BS:sssssbssss m SB rn SS 3! is Si SS iiS is a k si K lSjS^S£2£«~ a30i,s ,sj w 5 «'"2«S«M5SSISS ever greet M w an w me bm mi
      1,236 words
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      902 27 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 1 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL MAJAPAHIT SEA PEARL SEA PEARL SEA PEARL SEA PEARL SEA PEARL BANGKOK CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE VOY VESSEL P1VA BHUM S1RI BHUM KOTA
      902 words
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      Page 27 Advertisements Column 2
      570 27 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINE •am iifrw London iigrw m* at* m* m its EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM riMVfN I'DMI KAVtl STON f KLAUS 1POM FOR tai Hani S»M SmM SmM l»M la PI MJ.Ka.NC.TR W»«IH (i«r«u S»M SmM SwM SmM SmM Ofl Mfl MM.
      570 words
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      Page 27 Advertisements Column 3
      552 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD PXSA*UQMA INDONESIA PL TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SIN6AP0RE tO EUROPE VSL/VOY L. J. BONTANG/17WB MATARAM ??WB PALEMBANG/12WB KUTAI/16WB ANTWERP H'BURG/ RDAM/ADAM BREMEN 7/5 12/5 lip MVS 8/6 11/6 17/6 22/6 Subject to Inducement. A too accepting
      552 words
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      Page 27 Advertisements Column 4
      458 27 BOUSTEAD SHIPPING AGENCIES PINY A V101W PAGAN V139W HTONEYWA V245W PA-AN V13M \^k BURMA FIVE STAR SHIPWWQ CORPORATION (Burmese National Line) Loading for Rangoon P.Kelang Penang Bangkok NORTHBOUND TO UKC CLYDEBANK V2SM TAMATAI SAMOA V15 FORTHBANK V24N TO PAPUA TAYBANK VSS (A) CONTAINER SERVICE SPORE ROAM HULL HMf 28/3 26/4
      458 words
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      Page 28 Advertisements Column 1
      835 28 Q K LINfc KAWASAKI KISEN KAISHA. LTD. RAINBOW BRIDGE 0. FSHIP V13/00CL FREEDOM OOCL FAITH NEPTUNE JAOE 23/3 30/3 6/4 17/4 RAINBOW BRIOGE ORIENTAL FRIENDSHIP FEEDER VESSEL RAINBOW BRIOGE ORIENTAL FRIENDSHIP OOCL FAITH MARIA VOY LB IS 11/2 12 18/2 CHLS NFK 21/2 23/2 28/2 2/3 «'-itr'iRik* rib,! a N.
      835 words
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      Page 28 Advertisements Column 2
      617 28 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singjport P KaUnf Pwvtnj LoadMg tar Mottie 1H By ffdm By feeder TUISIOAS V 40 5 Apr 30 Mw 30 Mar Fram/MaKi/Spln/AtM KALIOAS V 42 9 Miy J May 3 May Fram/Waft/Spta/feW TUISIOAS Ml 31 May 75 May May rrtm/Mafc/Sydn/AM KALIOAS V.43
      617 words
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      Page 28 Advertisements Column 3
      514 28 GOLDEN LINE GIMN GIMN SHIPPING (PIE) LID II, (M Aj« Strut Singapore 0104 ru fU: \M«M (U UNfS) Fat: SUM* P Keianf Pening STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Colombo. lUricP.Dubi. CHINA SERVICE A VESSEL Hutnfpu/ Slunfta. CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA U»c COWYPmOWAL MIYK1
      514 words
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      Page 28 Advertisements Column 4
      547 28 r>Hiu oni<Nr un<s pt< t.w Hiaocf' ct «j R08 NS0H «o*o <omj a»flo asiA eu'LOi.Na sii3A<>oflf 31:5 fll(< RS ***** PMIH rA< 225*5?i EAST/FAR EAST FCL ft LCI SEX VICE ETA SINGAPORE DESTINATION mkm. JEDOAH (LCD WEEKLY H KONG, KOBE. TOKYO KEELUNC. KAOHSIUNC MANILA. BANGKOK. BUSAN. JAKARTA COLOMBO. KARACHI. BOMBAY.
      547 words
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      Page 29 Advertisements Column 1
      1177 29 Agents pore OvMf il Cnqumas Kfu/Xusf NIPTUNE AGENCIES PIE. LTO. imn Booking! Bookings IPA/St A imiii 2/***** ?nous 2/85/42 2A0II6 2tt0l« Inward/ OutVWffl ma44 r«miiMl *****22 CfS m i2V) NEPTUNE NEP1INI SON BHO PKeUna WW! K l.mpuf p«una *****81 4200)5 *****0 UIW 2)8041 C2JKI 62/W2 FEEDER VSL N. Emerald 06N
      1,177 words
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      Page 29 Advertisements Column 2
      977 29 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 ***** P. HUANG MKSSflS MAI THONC SHIPPING 12/ P«n«i« Strwt. Patau*. Matayv.1 C>bl«i IAYAP0H P( NANG, Tel *****4/WMW
      977 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      246 30 SINGAPORE SHIPPING MM CORPORATION (PTE.) LTO. HI 225 iJHHfl (14 lmei) FAX *****39/*****/6 RUX HS 293M A/B SSCMA US 2!)J8!) A/tt SSCAl) DSR-LINES a VEB OEUTPOACHT ROSTOCK 4 INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE KM LARMACA: ACCEPTIN6 CARGO FOR LlMASSOt, BEIRUT, LAITAKIA, ALEXANDRIA,
      246 words
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      Page 30 Advertisements Column 2
      91 30 w T.S.K, line: WEEKLY CONTAINERISED SERVICE WITH FIXEO OAV arrival EHJummLULiii 11^1^ HIWKS *CI *11 jyiiiyaaaiarjrj IBiHraGBBlHMQIM MINKS ACI VH FROM JAPAN TAIWAN IIXIQIQgQam lOBSI B51B51 Bi Bl Q gmommjr HMauiaMdnn ULiUEJirJC 1 I CONTINENT V21 171/4 UT IW MX *4 2M W W W PTE LTD TEL: *****68 MALAYSIA
      91 words
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      Page 30 Advertisements Column 3
      78 30 SIGMA EXPRESS (S) PTE LTD (INTERNATIONAL FREIGHT FORWARDERS) TEL: *****44 FAX: *****75 TLX: RS ***** SHIP MAINFREIGHT (S) PTE LTD 15 Mccalium St #05-04 Nat*est Centre S pore 0106 TEL: *****12 FCE SHIPPING WEEKLY SERVICE TO:USA. HONGKONG FLYING CIRCLES EXPRESS PTE LTO TEL: *****24 FAX: *****31 TLX: RS***** SUN UNION
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      153 30 Regional Weather Va V 4 ft je a m <TA S8 ft I Ifi SIGNIFICANT WEATHER ANO SEA CONDITIONS AT 7.30 A.M. March 22, IMS R Thunderstorm Temperoture c X\ Y Shower Weoftm W#»d drtction wilh speed tfi knots Ro«n U Cloudy Sky Wo Woe* —W, by Of'O-1 -twh My
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      781 31 RICHFIELD MARINE AGENCIES |S) PTE LTO 1 U3 I TEL *****33 (10 Un««) S| FAX 225?1U TELEX RS ***** RISHIP |3 Llnet) V»% IPS LINE CALCUTTA/KARACHI/CHTGONG/CBO REGULAR CONVENTIONAL LINER SERVICE Vmm4 Pwm| |>on LMdtag »<x OMO YUN-VP1 S/4 KARACHI sca an-vpj mn calci/tta to X Ton* And AM Vat* Moo
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      Page 31 Advertisements Column 2
      525 31 CCN1 COMPANIA CHILENA DE V T Aiit>» HAVEOACION INTEROCEANICA SA (CHILEAN NATIONAL LINE) GREAT ANDES SERVICE ARI IQUIQUC VALPARAISO STO VAR 11 12/05 14 11/05 1111/05 CARGO FOR PUNTA ARENAS TALCAHUANO (SAN VICENTE) ACCEPTED WITH T/S VIA VALPARAISO L Agent NEPTUNE AGENCIES PTE LTD BOOKINGS: *****34, *****71, *****65 J THONG
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      Page 31 Advertisements Column 3
      261 31 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 <t> c n an 1 1 J— mil Ojjj I j —*J I —i I n "*—> j\a±j j Algerian National Line FAR EAST I MEDITERRANEANS S PORE LOADING FOR MV KSAR ETTIR 7/4 ALGIERS. ORAN. ANNABA. TUNIS ALL
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      540 32 FL SHIPPING PTE LTD FINE LINER SHIPPING PTE I.TI) /O. SHENTON WAY «04 02C MARINA HOUSf S PORE 020/ TLX RS 22W1 FLINER TAX *****% TEL. *****77 (12 LINES) MIDDLE EAST SERVICE (FCL A LCL) DUBAI, DAMMAN, KUWAIT, BAHRAIN, MUSCAT, ABU DHABI 31/3, 10/4. 12/4 PAR EAST SERVICE (FCL LCL)
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      Page 32 Advertisements Column 2
      992 32 AUSTRALIA CONTAINER SERVICE ZIM SYDNEY 4/4 25/4 1/5 7/5 ZIM OSAKA KVS Iffi Bfi M ZIM CUAM 2*5 WWW ACCIf riM CAJKO ro A0ELAI0E VIA MELBOURNE ANO ALSO FCL TO SIMM. Pm EILAT CONTAINER INK VESSEL SIN ETH ALXpjj [m ZIM MELBOURNE 2/4 1W »y L U ZIM SINGAPORE 3,4
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      224 33 Seabrfctafe INTERCONTINENTAL LMES SEA9RIDGE EUROPE i SCANDINAVIAN SERVICES WEEKLY FC1ACL GROUPAGE FROM SINGAPORE PORT KELANG PENANG JOHORE U* HAM, RT8L L HAVRE. ANT GENOA. ARAN US, STOCKMOLMl NEL, Cm GOTBG, MARSEILLES, OSLO 4 AIL INLANO OESf INATIONSPOINTS. 3EA8R0IGE FIR EAST. VIETNAM i CHINA SERVICES SINGAPORE WEEKLY FCIACL GROUPAGE FROM •ORE
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      Page 33 Advertisements Column 2
      160 33 TRANSTAINERS WEST AFRICA SERVICE TUNIS/ALGIERS/CASABLANCA/NOUAKCHOTT/ DAKAR/BANJUL/CONAKRY/MATADI/LUANDA/ LOBITO Thru direct B/L to BAMAKO/NIAMEY/YAOUNDE/OUAGADOUGOU/ BANGUI/KINSHASA TTA Freight Pte Ltd T et: *****55 tlx rs ***** INTERTEAM OUR NEXT WEEKLY LCL CONSOL TO: UK PORT: FEUXSTOWE/LONDON 25.3.89 a 01.4.89 ALSO TO OTHER PORTS HAMBURG/ROTTERDAM 26/8 LEHABVE 26/8 USA (LA) 5/4 HONGKONG/CHINA 24/8 I
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      Page 33 Advertisements Column 3
      503 33 f fciL'niiY/j.'Lfiiu::* MWWQ IRAMMOArATIOM im) LTD WEEKLY LCL/FCL SERVICE DESTINATIONS ETA SINGAPORE PORT KELANG 25 MAR MANILA 28 MAR HONG KONG. ALL CHINA PORTS 24 MAR KEELUNG. KAOHSIUNG 25 MAR BUSAN 30 MAR TOKYO. KOBE 30 MAR CHITTAGONG 25 MAR DUBAI 25 MAR SYDNEY. MELBOURNE 30 MAR BRISBANE. AOELAIDE 4
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      Page 33 Advertisements Column 4
      427 33 ft* glory iuvigatim cum m \l) |1 s t~7. TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLORY SELATAN VI Voy 27/3 GLORY SELATAN VIII Voy K SaiM GLORY SELATAN IX Voy V S«il«d PKL PNG BLW KAON m 6 VESSELS OF LOG CARRIERS 5 VESSELS
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      Page 33 Advertisements Column 5
      433 33 PTC CONTAINER LINES FCl LCL SERVICE /'I'M 26/3 KEELUNG/KAOHSIUNG 24/3 BANGKOK 26/3 MANILA 25/3 JAKARTA 25/3 PORT KELANG/PENANG 30/3 BUSAN 28/3 TOKYO/YOKO/KOBE 24/3 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou 25/3 RDM/HAM/ANT/LE HAVRE/GENOA 25/3 LDN/FLX/LVP/SOU sim iiiyciuu 26/3 L.A./NYC/SFO 26/3 VANCOUVER/TORONTO/MONTREAL vi >7i T i a i a gj a
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      420 34 Hai Sun Hup Co (Pte) Ltd ("20 Lineii f LX HS 220»51 .4 R$ 206.'2 fc. L -\>[ I K\ i -\K I l\£ R. I I) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT! DOTE: ALSO CALLING OTHER JAPANESE FONTS, HONGKONG. TAIWAN < CHINESE FONTS. SUBJECT INDUCEMENT IIHL
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      Page 34 Advertisements Column 2
      446 34 YANG LINE WEEKLY EXPRESS INDEPENDENT FAR EAST/EUROPE FULLY CONTAINERISED SERVIC WESTBOUND Alto accepting tor Inland UK destinations Antwerp and Scandanavian ports. HANJIN HASAN 47E QUEEN S NAY BRIDGE 071 CHOYANG PARK ME HANJIN OAKLAND II Ldf for HK/KAO/KOBE/YOKO/BUSAN FMG FLOTA MERCANTE GRANCOLOMBIANA, S.A (NATlONAi UNI 0» CO1.OW8 A FLAVIA OC
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      Page 34 Advertisements Column 3
      349 34 P.T. MASKAPAI PKLAYARA PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 VSL SINDBAD MARINER OKUNOZE SINDBAO MARINER OKUNOZE
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      Page 34 Advertisements Column 4
      760 34 CALL US AT: P. KCLANG PENANG i. 0AHRU P. GUDANG SINGAPORE > K. LUMPUR xwsifmnu <M $*****/4, 82/293 0/ *****8 0/ 5113/3, 5113/5, *****0, 5133/1 02 *****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER I BUTANC SB B. BUTANC SJ7 PKELANG ne MOTHER VSl R DCLfT ■■I'liu.i'V OTHER
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