The Business Times, 14 April 1989

Microfilm: NL16529
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, APRIL 14, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    242 1 Dow Jones down THE US stock market gave ground yesterday morning as traders warily awaited the latest reading on inflation. The Dow Jones average of 30 industrials dropped 7.52 to 2.312.13 at 1430 GMT in the first hour of trading. AP Footsie down LONDON share prices were
    242 words
  • Article, Illustration
    ST Index hits record high for the third day
    351 1 FUELLED BY bullish development on the corporate front, the Singapore stock market rallied for the third consecutive day, taking the Straits Times Industrials Index to another post-Crash high. Trading was hectic. The STII climbed 22.29 points to close at 1,241.31 while
    351 words
  • Article
    Another round of hotel room rate increases in the offing
    617 1  -  MAJOR HOTELS LOOKING AT 10 to 25PC INCREASE FROM JULY By ELAINE KOH MAJOR HOTELS are looking at another round of room rate increases ranging from 10 to 25 per cent from July, on the strength of surging occupancy levels.
    617 words
  • Article, Illustration
    Former Tunas Building sold for a 'low' $51 m
    563 1  -  By LEE HAN SHIH Property Correspondent IN A MOVE which bucks the trend, the majority owner of the former Tunas Building has contracted to sell its stake of the property for a surprisingly low sum of $51 million to a party
    563 words
  • Article
    Lock icon Record price gain for KL tin
    118 1 AFP THE PRICE of tin gained a record M 51.50 (55 US cents) on the Kuala Lumpur Tin Market (KLTM) yesterday following firmer prices in Rotterdam the day before. KLTM floor manager Amm Zahari Nordin said firm demand pushed the tin price up to
    AFP  -  118 words
  • Article
    Singapore misses chance to play host to Lions
    534 1  -  By JAYARAM MENON SINGAPORE baited the lions, but they did not bite. On the other hand, the Lions countered, saying there was no bait, or rather, bid. The upshot is that Singapore has lost the opportunity to play host to the 1994
    534 words
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      Page 1 Advertisements Column 1
      164 1 JAIF Ootirnlvirrt 'M Full report, PAGE 18 Regional Mkts, PAGE 20 World Mkts, PAGE 21 FOREIGN CURRENCY INVESTMENT MADE EASIER FOR YOU SSIO.OOO I /minimum LAjLI ow you need only S$ 10,000 to invest in foreign currency at Citibank. And get an opportunity to earn high rates of interest. You
      164 words
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      Page 1 Advertisements Column 2
      220 1 Editorial Comment: 10 Egypt is back as moderator Profile 10 Linda Lim's tops with the chefs Driftnets 10 Catching more than fish EC energy industry 9 Drumbeat of change Hong Leong Fashion 2 A second stride into fashion Sembawang Engineering 3 Deals worth $78m clinched Aussie economic package 4 Wage
      220 words
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      Page 1 Advertisements Column 3
      215 1 Quadruple Zoom+Auto Two-Color Tiger, tiger THE ALL-POWERFUL beauty that inspired Blake's poem and Kipling's Jungle Book yet beckons visitors to venture deep into the forests of India. Executive Lifestyle tomorrow provides a guide into the wilderness. "At night, you can sometimes hear the tiger call, a distant sound that prickles
      215 words
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  • HOME NEWS
    • Article, Illustration
      Hong Leong Fashion ties up with European firm
      616 2  -  Joint venture to distribute high-fashion products in Pacific market By SANGEETA MULCHAND HONG LEONG FASHION, the wholly-owned subsidiary of Hong Leong Corp, has taken its second stride into fashion by teaming up with a European fashion house in a US$5 million venture.
      616 words
    • Article, Illustration
      MHE wins $1m deal to equip warehouse
      522 2  -  By SUZANNE SOH THE OTHER "MHE" Mechanical Handling Engineering which is not listed on the stock exchange has won a $1 million contract to equip a new warehousing complex in Jurong. Under the contract, MHE will design, supply and instal equipment and racks
      522 words
    • Article
      Chiam trial adjourned after DPP is called in
      278 2 MAGISTRATE Vincent Yeo yesterday adjourned the trial of opposition politician Chiam See Tong after he ordered that a Deputy Public Prosecutor reply to defence submissions that there was no case The prosecution was conducted by a police prosecutor during the two-day trial.
      278 words
    • Article
      Eleven firms taking part in Tokyo fair
      194 2 ELEVEN Singapore manufacturers. representing various industries, will be taking part in the 18th Tokyo International Trade Fair between April 18 and 23 One of the added attractions of this year's fair is a section, specially set up by the organiser, for the newly
      194 words
    • Article
      MEMO PAD
      698 2 /iSeminars and 1 CAHNERS EXPOSITION GROUP Courses Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 Apr 15 A Successful Soles MIS Theatrette Marketing Institute 22I7788 Career of Singapore Apr 17 The 1989 Update on the Boulevard Hotel Datasearch *****31 Malaysian Property Market Resources Apr 17-21 The James Martin
      698 words
    • Article
      Second oil broking firm sets up operations in Republic
      406 3  -  By LILIAN ANG TAX PERKS introduced by the government late last year to promote Singapore as an international oil trading centre are paying off in more ways than one. In addition to attracting oil traders, the tax concessions have resulted in
      406 words
    • Article
      Kan Seng to attend alumni dinner
      111 3 THE MINISTER for Foreign Affairs, Mr Wong Kan Seng, will be the guest of honour at the British Alumni's second annual dinner and dance this Saturday at The Regent of Singapore. Those at this function will have the opportunity to catch up with old
      111 words
    • Article, Illustration
      Saline prices set for sharp rise
      362 3  -  By SUZANNE SOH PRICES OF imported brands of saline solution for rinsing contact lenses are set for a sharp upward spiral as overnight demand shoots up. This is because the Ministry of Health has proscribed five major local brands which have been found to
      362 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      254 3 DHL WORLDWIDE EXPRESS has promoted Charles Chia to regional sales development manager. In his new position, he will be responsible for the launch of DHL's telemarketing programme to countries in the region. Mr Chia was previously sales and marketing manager for DHL Singapore. He has been with
      254 words
    • Article
      Sentosa welcome
      58 3 THE SENTOSA Development Corporation will be holding a welcome reception on Sunday for the 2,000 delegates who will be in Singapore for the Pacific Asia Travel Association meeting. The evening reception will begin with a cocktail followed by a dinner. There will be a grand fireworks finale at
      58 words
    • Article, Illustration
      Sembawang clinches $78m deals
      777 3  -  Carbon black plant in Indonesia the biggest project By MICHELLE OH THE SEMBAWANG Engineering group, owned by Sembawang Holdings, has clinched four projects in the South-east Asian region worth a total of $78 million. The most significant is a $26million turnkey project won by Sembawang Projects
      777 words
    • Article
      OCE-Hagemeyer MD gets Royal Dutch honours
      83 3 OCE-HAGEMEYER managing director William Voorwalt has been conferred the royal decoration of the Knight of the Order of Orange Nassau by the Dutch monarch, Queen Beatrix. In a ceremony at the Shan-gri-La Hotel yesterday, the Ambassador of the Kingdom of the Netherlands, Baron Diederik
      83 words
    • Article, Illustration
      AppleCentres expected to boost sales by $10m
      337 3 WITH the opening of Singapore's first two Apple Centres yesterday, sales of Apple computer products are expected to be boosted by at least $10 million this year. Mr Johnny Tan, the executive director of Techßiz Systems which runs one of the centres, expects
      337 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      119 2 Fairstar, the Funship Singapore to Hongkong cruising after ASIO S. million refit. H May 22 26, s# Lj*> -vUS <r •>' -vrst ■xr a*t i 1 f Be the first to cruise the newly multi-million dollar refurbished Fairstar, the Funship. Jetset Travel, the Mo I cruise specialist, offers a special,
      119 words
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      Page 2 Advertisements Column 2
      5 2 Hock Lock Slow. PAGE 17
      5 words
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      Page 2 Advertisements Column 3
      52 2 WINDOW DRESSING IS OUR BUSINESS m. _y Jj I I "Tifel CUSTOM MADE TO YOUR SATISFACTION CURTAIN SOFA 4 BEDSPREAD CUSHION COVERS PEIMET RUFFLES REUPHOLSTERY FURNISHING FABRIC FOR HOMES, OFFICES HOTELS TRUSTED PRICE* QUALITY# CRAFTSMANSHIP 102-08 Eminent Plaza, 195 Lavender Street Spore 1233 (Next to Bugis Square) Tel: 2M7605/*****91 (Mon-Sat
      52 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      10 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
      10 words
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      Page 3 Advertisements Column 2
      187 3 ivj yjm r'v >-• :y\ < <e m w> P»B 1 r la Mi's rV*? k^jfigg r 5-i .> m r> g£sßf, > mpvs w. a C-/ M fc > v *> V I a/agm^ *&*■s~ r if •'v.* <,• *5 #1 An Invitation to ASTRID JRADOWS Doubting Thomases If
      187 words
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  • ASIA – PACIFIC
    • Article
      Lock icon Keating unveils wage rises, income tax cuts
      571 4 AFP AUSTRALIAN TREASURER Paul Keating hee unveiled an ambitieua ftdtagt of income tax cuts and wage rises which he said woukf improve the country's competitive edge. Mr Keating, delivering a major economic statement to the Parliament on tax and wages, MM. eh Wednesday
      AFP  -  571 words
    • Article
      Lock icon Australia sees trade spinoff from Cocom membership
      292 4 AFP AUBTOALIA is looking to a trade spinoff from its new membership of an exclusive Western club of high technology exporters, government sources said in Canberra an Wednesday On Tuesday, Australia was admitted to the Paris-based Coordinating Committee for Multilatafil Export Controls (Cocom),
      AFP  -  292 words
    • Article
      Lock icon Foreign investment in Taiwan rises sharply
      171 4 Reuter FOREIGN investment interest in Taiwan, particularly from Europe, increased sharply this year after slumping in 1988 because of a soaring currency, wage increases and labour militancy, the government's Investment Commission said. Foreign investment approvals jumped 156 per cent to about US$477 million in
      Reuter  -  171 words
    • Article
      Lock icon Tokyo urged to open up markets to EC products
      328 4 AFP JAPAN must be prepared to be patient and open its markets wider to European products and investment if it wants access to the unified European market, a leading French businessman said in Tokyo on Wednesday. "The single market will be
      AFP  -  328 words
    • Article
      Lock icon Indian exporters expect sales to double
      157 4 AFP THE Federation of Indian Export Organisations (FIEO). which groups leading private exporters, has set a US$27 billion target in the current fiscal year, more than double last year's export sales. Some critics believe the target is too ambitious, contrasting it with the modest
      AFP  -  157 words
    • Article, Illustration
      Lock icon Li Peng calls for more Japanese investment
      394 4 Reuter CHINESE PREMIER Li Peng has called for more Japanese investment in China during talks with Prime Minister Noboru Takeshita. Foreign Ministry officials said that at the start of a five-day visit to Japan on Wednesday, the two leaders held a two-and-a-half-hour discussion
      Reuter  -  394 words
    • Article
      Lock icon Call for four-party transitional govt in Cambodia
      470 4 UPI THE US ambassador to Thailand has said the Hun Sen regime in Phnom Penh should be replaced by a transitional quadripartite government headed by Prince Norodom Sihanouk until Cambodians elect a new government in free and fair elections. In a speech to
      UPI  -  470 words
    • Article
      Lock icon Labour unrest may force China to slow down austerity drive
      229 4 Reuter STRIKES and labour unrest are on the rise in China and may force the government to relax its austerity programme despite the threat of even higher inflation, Western analysts said. Official figures showing a renewed surge in industrial growth
      Reuter  -  229 words
    • Article
      Lock icon US, Japan looking for ways to correct gap in trade data
      298 4 Reuter THE US Treasury Department and Japan's Finance Ministry are considering correcting the discrepancy in the way trade between the US and Japan is calculated, a ministry official said. Japan s official statistics put its trade surplus with the
      Reuter  -  298 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1096 4 ARRIVALS Operator 4.,.,i fximbw Local HUM From UAL UA8I9 0828 SFO/NIT SU SQ430 0835 DMA MAS MH651 0900 P€N MAS MH630 0920 KUL SU $0103 0950 KUL cpx cx7ie 1000 CGK swt St 186 1015 ZtH/BKK MAS MH609 1020 KUL OFA Of 8 2 1055 80M GU
      1,096 words
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      Page 4 Advertisements Column 1
      38 4 n 1 •> •rl w style seafood restaurant right tn the heart of the rwvi P rooms are available for you to entertain business associates and friends. For reservations, pfteaeecafl Mr. Raymond Tay. #±m»m ■A r -r*m i» «MT
      38 words
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      Page 4 Advertisements Column 2
      23 4 TIT^POKTTO I lirVllly 111 Call rour Tmvd Ago* or Air Ctnmh M 7S2tSSS. /*L\ A BREATH OF FRESH AIR VS* Air Canada sz
      23 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      229 4 CUT Mot/ Note A uin ro Adatoido 19/13 F Anaiardmii 12/06 Cloudy Mm* 22/12 Cloudy Mm* 30/30 Cloudy |gi«fho4l 35/24 Sunny luMte >9/14 door ftofng 20/09 Cloor Wrvl 19/14 Sunny 25/15 Cloudy 9ar*» i- 30/09 Cloudy OanavOT 23/21 Cloor ■Mi 15/ToSwweo M*W» 28/16 Cloudy MOT 15/02 Cloudy 22/99 Ooar Buaao*
      229 words
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  • REST OF THE WORLD
    • Article
      Lock icon Economists see bigger trade deficit for February
      338 5 Reuter THE US trade deficit probably widened in February, with imports rebounding after a substantial drop in January when the gap was US$9 49 billion, economists said. The February merchandise trade report, to be issued by the Commerce Department today, is likely to
      Reuter  -  338 words
    • Article
      Lock icon EC's bid for open skies after 1992 gets a boost
      259 5 Reuter A LANDMARK court ruling this week will give a big boost to European Community efforts to create a barrier-free air transport market after 1992, EC officials said on Wednesday. EC Transport Commissioner Karel Van Miert said the European Court
      Reuter  -  259 words
    • Article
      Lock icon W German opposition launches offensive
      150 5 AP WHILE West German Chancellor Helmut Kohl considers a Cabinet reshuffle to revive his government, his left-wing opponents have captured voters' attention with a well-timed political offensive. A day after the Social Democratic Party and environmentalist Greens agreed on a plan to govern the financial
      AP  -  150 words
    • Article
      Lock icon Gatt adopts new measures for settling disputes
      326 5 NYT HOPING to put teeth in its mechanism for settling disputes. the General Agreement on Tariffs and Trade adopted measures on Wednesday its officials said would strengthen its credibility and fend off protectionism by member nations. The new measures impose time limits on
      NYT  -  326 words
    • Article, Illustration
      Lock icon Kremlin concerned over Tbilisi clashes
      413 5 Reuter AN APPEAL by Soviet leader Mikhail Gorbachev to the people of Georgia for calm and reason after bloody clashes has underlined Kremlin fears of a new surge of unrest in Transcaucasia. The republic's capital. Tbilisi, remained under curfew with troops and tanks guarding key
      Reuter  -  413 words
    • Article
      Lock icon Bush slow to respond to Gorbachev's goodwill: Carter
      197 5 UPI SOVIET President Mikhail Gorbachev is "the most popular person on earth", but US President George Bush has not capitalised on the Soviet leader s friendly overtures, former US president Jimmy Carter said. But Mr Carter said he is confident Mr Bush
      UPI  -  197 words
    • Article
      Lock icon Bush pushes for ethics in govt
      492 5 NYT US PRESIDENT George Bush on Wednesday proposed wide-rang-ing ethics legislation intended to set uniform standards for Congress. the Judiciary and the Executive branch. It would increase financial disclosure by senior officials, tighten conflict-of-interest rules and change the campaign finance law to bar legislators
      NYT  -  492 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      746 5 From now until 15 November 1989, when you buy a new Nissan passenger car or commercial vehicle, you'll be eligible to take part in a fantastic Charity Lucky Draw! And if you're lucky enough, you could take home the top pnze of One million dollars cash! $2 MILLION WORTH OF
      746 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      116 5 Doonesbury JOAN 15, li/HAT YOU HAVE TO UNPERSTANP IS THERE'S A LOT OF ANGER ON THIS UJARP FORMO&T fWTIENTS,/\IPSIS A STIGMA ON TOP I OF A STIGMA.^ SOOOYHAS jT f YETTOCOME r TOTBXMS S mrmrr. <7 »J ANPY USES HUMOR-TO SOFTEN THE RAGE HE FEGZ ANP TO HELP HIM FACE
      116 words
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  • MONEY AND EXCHANGES
    • Article
      Government Securities Market
      100 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ891 ME 12.07.89 4.05 4.00 4.02 3.99 6 months BS*****N J 7.08.89 4.07 4.02 1 year BY*****H 23.11.89 4.08 4.03 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      100 words
    • Article
      Forex markets
      1672 6 SINGAPORE: THE US dollar closed lower against the major currencies yesterday in Asia on market speculation that the new West German Finance Minister. Theo Waigel, would modify or even scrap the recently-instituted 10 per cent withholding tax on interest income. The Japanese yen also strengthened following reports that
      1,672 words
    • Article
      IMM
      244 6 IMM CURRENCY FUTURES finished at mixed levels after generally quiet trading on Wednesday. Activity picked up somewhat near the close on position-squar-ing. Traders bought marks for Japanese yen and Swiss francs in the last hour after talk spread that Theo Waigel. expected to replace Stoltenberg as West German Finance
      244 words
    • Article
      Comex gold/silver futures
      166 6 Gold futures on Apr 12, 1989 100 troy ounces. USS per troy ounce OpM HtgH Low s«m« Ap» 385 40 389.50 385.00 388.30 2.40 May 389.30 2.30 Jun 389.20 393.50 389.30 388.80 2.20 Aug 393.80 398.70 393.80 397.30 2.30 Oct 399.30 403.90 399 30 403.90 *3.30 Ok
      166 words
    • Article
      Money markets
      69 6 THE OVERNIGHT RATE on the Singapore money market closed 1/2 point lower at 4 3/4 per cent yesterday. One-month and two-month rates tell by 1/8 point while threemonth rates (ell by 1/16 point. S$ Interbank rates at the close yesterday: Offft MO Ow 4 3/4 4 5/8 1
      69 words
    • Article
      Asian dollar market
      286 6 ASIAN OOLLAR deposit rates finished at their opening levels in quiet trade yesterday, dealers said. Most operators were sidelined ahead of yesterday's release of US March retail sales and today's producer prices index and trade data Short-dates were steady to slightly higher at the outset and remained
      286 words
    • Article
      Lock icon Simex
      439 6 BA Futures JUNE Eurodollar futures yesterday opened one tick higher than the previous Simex close at 89.50 following Federal Reserve governor Wayne Angell's comments that the US unemployment could fall below 5 per cent without generating additional inflation. The June contract traded in a tight range from 89.50 to
      BA Futures  -  439 words
    • Article, Illustration
      World interest rates
      206 6 Indicates the average of the prima landing rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Apr 13 USS DM SWFC Y«n 7 doyl IS/1* 13/16 10 7/0 J/0 4 1/16 S 15/14 4 S 3/4 4 3/0 4 1/4 1 m#> 10 1/14
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    • Article
      Options
      1354 6 CURRENCY FUTURES OPTIONS Thursday, Apr 13, 1989 DEUTSCHE MARK (8IMEX) 1 1 ta So« Htgl May M put* k Law Soa 52 4 S3 30A 18 54 33* 25 32 Juti M cot 1* Mm M puts Nigh Law Son Wgl Law Soa SI 8A S3 I9A 17 S3
      1,354 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      46 6 DEALERS ANALYSTS INVESTORS CompuTrac Is Coming To .y Singapore |*****jjjj Technical Analysis Seminar 2 Days May 29th 30th Pan Pacific Hotel John Murphy Robert Prechter Jerrold Dickson Alexander Elder Bob Saperstein Bill Williams Call Minny Tay for an 8 page detailed brochure 223-0136 Sponsored by: ■^ELEHATE*
      46 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon EC governors agree on monetary union report
      511 7 Reuter EUROPEAN COMMUNITY central bank governors have agreed on the text of a controversial report on how to move towards monetary union. The agreement on Wednesday ended months of difficult and at times acrimonious negotiations among monetary officials but will almost certainly add
      Reuter  -  511 words
    • Article
      Lock icon Malaysian dollar expected to firm against the greenback
      283 7 Bernama THE RINGGIT is expected to strengthen slightly against the US dollar in the coming months, according to a recent Bank Buruh poll. From a US$/ringgit exchange rate survey conducted on April 6. the bank expects the dollar to trade down gently
      Bernama  -  283 words
    • Article
      Lock icon KL police confident of recovering loot
      202 7 Bernama MALAYSIAN POLICE expect to recover the remaining M 510.2 million of the M 522.2 million fraudulently withdrawn from Bank Negara following the arrest of former Bank Negara clerk Harun Othman. A police spokesman in Kuala Lumpur said on Wednesday that the money was
      Bernama  -  202 words
    • Article
      Lock icon Malaysian lending rates expected to rise marginally, says bank chief
      228 7 Bernama INTEREST RATES for loans in Malaysia are expected to rise marginally in the near future, says Bank Pembangunan Malaysia Bhd chief executive Nik Ibrahim Abdullah. Speaking to reporters after the signing of a Msl3 65 million loan agreement between
      Bernama  -  228 words
    • Article
      Lock icon Plan by KL bank union to meet industrial relations chief
      165 7 Bernama MEMBERS of the Cooperative Central Bank (CCB) branch of the National Union of Commercial Workers (NUCW) were to meet the director-general of Malaysia's Industrial Relations Department yesterday over the termination of service of all 633 workers of the bank.
      Bernama  -  165 words
    • Article, Illustration
      Shenton Income Fund open to individuals
      429 7  -  By DEXTER LEE DBS BANK'S Shenton Income Fund (SIF), the unit trust fund which invests solely in incomegenerating money market instruments. has been made available to the individual investor. A spokesman of the bank told BT yesterday that previously only corporations may buy into
      429 words
    • Article
      Lock icon Swiss bank reconsiders banknotes trading policy after drugs scandal
      477 7 Reuter THE HEAD of a major Swiss bank which is alleged to have received laundered drugs profits said that his group was considering how it might alter the way it trades foreign banknotes or whether to get out of that aspect
      Reuter  -  477 words
    • Article
      Lock icon Mexico to ask foreign banks to reduce debt
      226 7 NYT SEEKING WAYS to lighten its debt burden, Mexico will ask its American creditors and other foreign bankers to cut the value of their loans by US$2O billion to US$3O billion, say international banking officials. Mexico, which owes foreign banks about US$6O
      NYT  -  226 words
    • Article
      Lock icon Taiwan banks scrambling to top up reserves, say bankers
      455 7 Reuter MOST Taiwan banks are feeling the pinch of a credit shortage and scrambling to increase reserves in the wake of the government's latest credit-tightening measures to fight inflation, bankers said. They face penalties if they cannot submit full reserve requirements
      Reuter  -  455 words
    • Article
      Lock icon Seoul to ban false-name financial accounts
      156 7 Reuter SOUTH KOREA will ban all financial dealing under false names or through anonymous accounts from January 1991. Deputy Prime Minister Cho Soon told an economic policy meeting chaired by President Roh Tae-Woo that false-name accounts held at banks and in the stock market
      Reuter  -  156 words
    • Article
      Lock icon June date for futures contracts
      64 7 Reuter THE TOKYO Financial Futures Exchange (TFFE) will start trading three contracts from June 30, exchange sources said. The TFFE founders will hold an inaugural meeting today at which they will formally choose its directors and members and set the launch date, they said. TFFE
      Reuter  -  64 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      122 7 FOR SALE EN BLOC BY TENDER CLAYMORE POINT-SINGAPORE Prime Freehold Location: 8 Claymore Hill Tender Closing Date: 4pm 4 May 1989 New 25-storey retail/residential building Situated on Claymore Hill in Singapore's Orchard Road shopping district Close to Holiday Inn Hotel, Royal Thai Embassy and American Club Total net floor area
      122 words
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      Page 7 Advertisements Column 2
      149 7 URGENT PUBLIC AUCTION LIQUIDATION OF STOCK AT THE FALL OF THE HAMMER Iranian has given urgent short notice instructions to clear bv Public Auction to the highest bidder, tor immediate cash realisation to meet overseas commitments. a valuable inventory of fine, authentic and genuine, hand-knotted PERSIAN and ORIENTAL CARPETS, RUGS
      149 words
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  • COMMODITIES
    • Article
      Lock icon Tin trading to resume on LME in June
      221 8 AP TIN TRADING will resume on the London Metal Exchange on June 1, the Exchange's chief executive Michael Brown announced on Wednesday. The exchange suspended dealings in October 1985 after the International Tin Council said it could not meet its market commitments,
      AP  -  221 words
    • Article
      Lock icon Jittery market keeps oil prices firm
      518 8 Reuter A JITTERY MARKET has been keeping oil prices near 19-month highs despite evidence that Opec output is exceeding cartel quotas. Prices, several traders and analysts said, reflect a feeling that demand for petroleum products especially in the United States and Asia may be
      Reuter  -  518 words
    • Article
      Lock icon Coffee producers deadlocked over new agreement
      244 8 AFP PRODUCERS were unable to reach a common position at International Coffee Organisation (ICO) talks in London on Wednesday, delegates said. The two-week talks called to hammer out a new or revised coffee agreement to replace the present one, which expires in September, have
      AFP  -  244 words
    • Article
      Lock icon More foreign firms on Tocom
      75 8 Reuter THE Tokyo Commodity Exchange for Industries (Tocom) will accept six more foreign firms as associate members. The firms are Credit Suisse. Degussa AG, MG Commodity Corp, Pruden-tial-Bache Securities Inc. Rudolf Wolff and Co Ltd and Union Bank of Switzerland. They will be formally appointed
      Reuter  -  75 words
    • Article
      Rubber
      280 8 SINGAPORE: Rubber prices ended slightly higher with May 1 RSS buyer quoted at 212.75 cents a kg yesterday, up 0.75 cent from Wednesday's close, brokers said The morning market registered a gain of 1.50 cents in moderate trading on short-covering following gains in Japanese rubber prices Values eased in
      280 words
    • Article
      RAS and MRELB
      280 8 R AS prices in S cents/kg, FOB in bai«s NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 214.00 215.00N 213.00 214.00N lot 1 RSS May 89 213.50 214.50N 212.75 213.75 lot 1 RSS June 210.50 211. SON 209.25 210.25 lot 2 RSS OP 206.00 208.00N
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    • Article
      SSR and SMR
      84 8 (cantt/kg) MAY 1989 JUNE 1989 (current month) (forward moMti) RAS NOON NOON luyart S«lt«M tw SttWfi SSI 20 186.00 I88 00N 186.00 188.00N SS* SO 184 00 186.00N 184.00 186.00N MRELB b;«ft ky«i s*ii*m SAAB CV 286 50 288.50N 288.50 290 50N SMR I 286 50 288
      84 words
    • Article
      Lock icon Crude Oil and Products
      173 8 Telerate FUEL OIL prices were seen as steady in the Singapore market yesterday. Sell indications for April CST-180 still hovered around the US$lO2 tonne mark while May barrels were ottered for sale at US$99 tonne fob Sing. Japanese buyers still keen on CST-180 competed with local
      Telerate  -  173 words
    • Article
      Soybean & Wheat
      144 8 Soybean Wheat CHICAGO BOARD of Trade soybean futures closed on a steady note seven to two cents higher on Wednesday. led by the May contract which settled at U557.27-1/2 per bushel. The unchanged figures in Tuesday's USOA report was interpreted as supportive to nearby futures on Wednesday because many in
      144 words
    • Article
      Produce Prices
      198 8 Chinese Produce Exchange SoNorV noon doling prkoi on Apr 13 (SS/100 kg) Coconut oil Bulk FOB 104.00 Otd drum FOB 114.00 Now drum FOB 118.00 Copra Mined (IOOM) 62.00 s«U«rs Pepper A A. ,.|.L i.fkita wwnio* wntie FOB NIW 675.00 Sarawak white FOB foq NIW 665.00 Sarawak special
      198 words
    • Article
      KL Tin
      201 8 PANIC widespread buying demand sent the Kuala Lumpur Tin Market (KLTM) to a new three-year high of M 528.67 a kg yesterday, up M 51.50 for the largest single-day gain on record, brokers said. "Everybody was caught off guard by the big rise and it caused some consumers
      201 words
    • Article
      Palm Oil
      413 8 MALAYSIAN crude palm oil prices closed marginally higher on light covering and speculative buying yesterday. aided by gains in palm oil futures and Chicago soyoil futures overnight, dealers said. April south region rose Mss to Ms9ls a tonne while north was up 2.50 to 900. KLCE palm futures
      413 words
    • Article
      Precious Metals
      372 8 HONGKONG: Gold closed slightly firmer in quiet trading with light buying by European. Japanese and local investors yesterday, dealers said. Bullion ended at U*****.50/388.00 an ounce against an initial U*****.20/70 and Wednesday's New York close of U*****.80/387.30. On the local market, gold rose HK$29 to close at HK53.600
      372 words
    • Article
      London markets
      275 8 London Commodity Exchange Buyer/Seller dosing prices on Apr 1 2 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London May 1119/1120 (1109/1110) High/Low 1120/1105 My 1080/1085 (1071/1073) High/Low 1080/1069 Soles (3275) Cocoa Moy 758/760 (783/784) High/Low 784/755 My 771/772 (793/774) High/Low
      275 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      114 8 Singapore's a Financial Supermarket YEARS OF GROWTH THE EMERGENCE of Singapore as a financial centre began in 1968 with the launch of the Asian dollar market. This local pride, which deals in foreign currencies, turns 21 this year. To commemorate this special occasion, BT's 1989 Banking and Finance Supplement will
      114 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Drumbeat of change for energy industry in the EC
      1527 9  -  The European Commission is taking competition policy into new territory. DAVID BUCHAN outlines the proposals involving energy. DAVID BUCHAN FT THE ENERGY INDUSTRY may soon have to play by at least some of the 1992 rules governing the rest of the
      FT  -  1,527 words
    • Article, Illustration
      Lock icon The Chinese tax evaders
      467 9 The Economist PAYING TAXES is seen as just as much a pain in China as it is in the West. Or more so. The tax authorities of Shanghai have seized the books of 10,361 private businessmen and found that 8,953 of them had evaded tax. Since
      The Economist  -  467 words
    • Article, Illustration
      Lock icon Resentment building up in South Asia over Rajiv doctrine
      999 9  -  By SUNANDA K DATTA-RAY IHT BY OFFERING recently to supply sugar and petrol to the landlocked Himalayan kingdom of Nepal, Bangladesh has drawn attention to South Asia's mounting resentment over the application of an Indian variant of the "Monroe doctrine". It
      IHT  -  999 words
    • Article
      Egypt is back as moderator
      503 10 DIPLOMATIC MANOEUVRES in the Middle East have a way of confusing the observer as the Arab nations there lobby to ensure that their respective interests are not compromised in any peace settlement with Israel. Egypt was kicked out of the Arab fold because its late
      503 words
    • Article, Illustration
      This lady's tops with the chefs
      1780 10  -  In mid-1985, Linda Lim registered Westlink Marketing Services. It was certainly not the best of times to go independent. But this lady, who's been known to personally deliver if the need arises, has made an outstanding success of her business. TSANG SAU YIN reports.
      1,780 words
    • Article, Illustration
      Lock icon When more than fish is caught
      1431 10 NYT DEPLOYING HUGE NETS, each twice as long as Manhattan, hundreds of fishing vessels from three Asian nations are plying the north Pacific with consequences that are unmeasured but potentially devastating for the oceans' ecology, US officials and scientists say. Since the early 1980s,
      NYT  -  1,431 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      101 9 20% DISCOUNT ON LUNCH Wide Range of Cantonese, Szechuan Shanghainese Cuisines. U >i B i i 9 I w #5 ECONOMICAL PRICES ELEGANT AMBIENCE LUXURIOUS PRIVATE ROOMS WEDDING PACKAGE SPECIAL $2 38 NETT ONWARDS X Aitil SHANGHAI PALACE Seafood Restaurant Htcohutr Hold fa figQt Level 4, Coleman Street, Singapore 0617
      101 words
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      67 10 Managers must manage. BT shows you how every Monday. £3U m fil.lJi! A MONTHLY MAGAZINE OF BUSINESS TRENDS PSA, the busiest port in the world, is on course for other accolades. Boom time for the shiprepair industry. A profile on Tibs chief Ng Ser Miang. Raffles revisited history makes way.
      67 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      38 10 Tue Nexr door om tmc Right IS iuc BoyiNG DeP^RTmeNT ~«>i IIJ 'THG CW*P P,DDN»G UP ON His FINGeRS IS > BRiSTOu) i—- (VtNMO tTAMOMO ca LTD in- IN* and -mey cpo. this tug. ag£ VpF TMGrniCMRQCHtP .CP—>. A
      38 words
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      1101 11 ISK SINGAPORE PTE. LTD. Message by the Honourable Minister for Trade and Industry, Brigadier-General (Res) Lee Hsien Loong I congratulate Ishihara Sangyo Kaisha (ISK) on the smooth and fast start-up of their titanium dioxide plant in Singapore. The operation will strengthen ISK's performance, and stimulate the growth of related industries
      1,101 words
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      1381 12 ISK ISK SINGAPORE PTE. LTD. Message by Singapore's Ambassador to Japan, H.E. Mr. Cheng Tong Fatt I would like to extend my congratulations to Ishihara Sangyo Kaisha (ISK) on the start-up of its world-scale titanium dioxide plant in Singapore. For it is, at once, a milestone in the evolution of
      1,381 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      663 13 ISK ISK SINGAPORE PTE. LTD. People comes first at ISK T he ISK name has been synonymous worldwide for top quality titanium dioxide. The cornerstone for its success is its peoplecentred philosophy combined with its willingness to invest in modern technology. This philosophy is reflected in various ways ranging from
      663 words
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  • LEISURE
    • Article, Illustration
      Lock icon Looking for the mole in the palace
      738 14 ROYALTY NYT ALMOST ANY WAY you look at it, there's been a pretty good run on news in Britain of late. Soviet leader Mikhail Gorbachev flew in and dined with the Queen. The English cricket team got a new captain. Nick Faldo won
      NYT  -  738 words
    • SHORT TAKES
      • Article
        Lock icon Award-winning button
        349 15 Agencies A BUTTON needing no needle and thread won first prize along with its Swedish inventor at the 17th annual Geneva Inventions Fair yesterday. The button has a small plastic screw and is "sewn" on by simply turning it through any material and then snapping off the point
        Agencies  -  349 words
    • Article, Illustration
      Lock icon From the best of modern art to the kitschy
      453 15  -  EXHIBITIONS By FREDERICK M WINSHIP UPI ART from 25 nations including China are on display at the 11th annual Artexpo New York Show, the world's largest art bazaar, at the Jacob K Javits Centre. Everything is for sale at Artexpo, which
      UPI  -  453 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      905 14 J. MOREAU Wh ere to entertain Exquisite Thai-Oriental Cuisine at its best SS4fOOO-THCm* CM»*y SMfOOO KSMUMIT m V Beef on Hot Plate Seafood Combination SeaJ(X)d Pancake Fashion Shows on Tuesdays Fridays at 1.15pm Plaza Hotel Bracti Road Smgjporc 0719 Ms Monica Ong, culinary expert of authentic Peranakan Specialities, makes sure
      905 words
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      Page 14 Advertisements Column 2
      225 14 Beijing's finest m OK <* m (a I •*;> f| t Pine Court, more than 150 Beijing delicacies await you for lunch and dinner. For orders above: S6BB Complimentary Remy Martin XO (70cl) $488 Complimentary Remy Martin XO (35c1) $328 Complimentary Dynasty Wine Lunch also features a buffet of true
      225 words
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      Page 15 Advertisements Column 1
      274 15 '%8 r"Sr Cherry Blossom Festival April 5 to 29 The sweet promise of spring comes to the Unkai when the Sakura bkx>ms. Celebrate the charm of the Cherry Blossom Festival with us in the authentic Japanese way In honour of this lovely occasion, we will be offering the Sakura kaiseki,
      274 words
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      Page 15 Advertisements Column 2
      79 15 is J. Moreau Established in Chablis, on the northern tip of Burgundy, J. Moreau have produced the finest Chablis wines for over 170 years. They own 70 hectares of vineyards the largest within the Chablis appellation. Including 10 hectares of Grand Cru vines which yield exquisite,full-bodied wines such as Chablis
      79 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      666 15 CRYPTIC PUZZLE ACROSS 3 Initial source of endless strife (5) 8 Engine to start tuning in the back room (5) 10 There could be more than two (5) 11 Can it keep the kettle warm? (3) 12 One taking the plunge (5) 13 Ways of showing one's gentility (7) 15
      666 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1373 15 TV and RADIO Psycho on the loose OUR CHOICE FRIDAY AT THE MOVIES: When A Stranger Calls, 10.30pm, Channel 5 It's pretty difficult to visualise Carol Kane in a non-zany role so this is your chance. In this thriller, she is a babysitter who witnesses the murder of two children
      1,373 words
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  • SPORTS
    • Article, Illustration
      Top seed sent crashing out
      583 16  -  DHL SINGAPORE WOMEN'S OPEN By A SURENDREN TOP SEED Australian Anne Minter was bundled out by petite Akiko Kijimuta, Japan's No. 2. in the second round of the DHL Singapore Women's Open at Kallang yesterday. The diminutive, cherubicfaced Kijimuta, drubbed Minter 6-1. 6-4 in 70
      583 words
    • Article
      Lock icon Williams denies ulterior motive behind denial
      337 16 THE BEN JOHNSON INQUIRY AP CANADIAN SPRINTER Desai Williams has reacted angrily to a suggestion that he has denied taking steroids since 1981 to regain the title of the fastest man in Canada from Ben Johnson. Lawyer Alan Pratt, representing athletics coach Charlie Francis,
      AP  -  337 words
    • Article
      Lock icon Johnson's mediocre, says Lewis
      258 16 AFP OLYMPIC CHAMPION Carl Lewis has called Canadian sprinter Ben Johnson a mediocre athlete made great by drugs and said only a small percentage of athletics competitors use banned substances. He said accusations by Johnson's coach, Charlie Francis, that everyone in the Olympic 100 m final
      AFP  -  258 words
    • Article
      Lock icon Detroit extends winning streak to 22
      523 16 BASKETBALL AP VINNIE JOHNSON scored 17 of his 31 points as the Detroit Pistons took control in the second quarter on Wednesday and rolled to a 107-95 victory over Cleveland, opening a 3 1-2-game lead over the Cavaliers in the NBA's Central Division. The
      AP  -  523 words
    • Article, Illustration
      Lock icon Rose keeps mum about latest betting allegations
      498 16 BASEBALL UPI CINCINNATI REDS manager Pete Rose, as expected, has declined to comment on reports that he bet as much as US$l6,OOO a day during the spring of 1987. Rose, under investigation for allegations he bet on majorleague baseball games and possibly games
      UPI  -  498 words
    • Article
      Lock icon Woosnam back in Europe with winning on his mind
      301 16 GOLF AP LAN WOOSNAM was hoping that the stirrings of success in the US these past two weeks would fuel his game in Europe as the U*****,000 Cannes Open got underway yesterday The 31-year-old Welshman finished tied 14th in the Masters
      AP  -  301 words
    • Article
      Lock icon Senna breaks day-old lap record
      237 16 FORMULA ONE Reuter WORLD DRIVERS' CHAMPION Ayrton Senna has set an unofficial Imola lap record for a nor-mally-aspirated car when he completed the McLaren team's testing for next week's San Marino Grand Prix in Italy. The Brazilian, in a Hondapowered McLaren, clocked one minute 25.333
      Reuter  -  237 words
    • Article
      Lock icon Indianapolis trying out new timing system
      130 16 MOTOR RACING UPI THE INDIANAPOLIS Motor Speedway will test a new computerised timing system this year that would record the instantaneous position of each car on the four-km Oval. The Austimeauto system would be installed for the US Auto Club's rookie orientation period from
      UPI  -  130 words
    • Article, Illustration
      Lock icon A legend among legends
      580 16 OBITUARY AP SUGAR RAY ROBINSON was a fighter from his dancing feet, to his flashing fists, to his psyche. Jimmy Doyle died at dawn after being knocked out in the eighth round in a bid to win the welterweight title from Robinson in Cleveland in 1947.
      AP  -  580 words
    • Article
      Lock icon French group to build challenger
      92 16 AMERICA'S CUP Reuter A FRENCH CONSORTIUM is going ahead with plans to build a 23m yacht to challenge for the America's Cup in 1991. The group, known as France Challenge, said on Wednesday that the boat, to be built at the Brittany port of Vannes.
      Reuter  -  92 words
    • Article
      BONDS, LOANS & WARRANTS
      726 16 BONDS, LOANS WARRANTS Company Exptry/ Coupoi n Conversion period Interest I maturity date <%) payable •hare CK Tong Wm J 990 1990 Anytime to Moy 31. 1990 1 warrant plus $2 25 cosh Cnwon Hup Wrts 1991 Anytime on or after March 1.6 warronts plus $1 60 cosh 1987 until
      726 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Publicity-shy Leng Chan makes waves on both sides of Causeway
      884 17 Mil HOCK COCK SIEW QUEK LENG CHAN is making waves on both sides of the Causeway. Last year, he teamed up with the powerful Kuwait Investment Office (KIO) to take over property group First Capital Corporation from United Industrial Corporation.
      HOCK COCK SIEW  -  884 words
    • Article, Illustration
      Federal Flour investing M$25m to improve operations
      411 17 FEDERAL Flour Mills Bhd, having just completed the expansion of two of its plants, is investing Ms2s million more to upgrade and improve the efficiency and productivity of its current operations. This was disclosed by chairman Dato Haji Mohamed Shamsuddin bin Mohamed Yaacob
      411 words
    • Article
      Ng says he was misled on Sealion's NTA
      233 17 ALLAN NG TRIAL ON HIS TENTH DAY on the witness stand, Allan Ng told the court that in the early stages of negotiations to acquire a major stake in Sealion Hotels Ltd, he was misled about the actual net asset value of
      233 words
    • Article, Illustration
      Accord on Gateway not binding, says Singland
      696 17  -  Response to SES query By ELAINE KOH SINGAPORE LAND Ltd has told the Stock Exchange of Singapore that its agreement with the minority shareholders of Gateway Land Pte Ltd to buy over their shares was "not legally binding". leaving them free to withdraw
      696 words
    • Article, Illustration
      Hume Industries' bid for Multi-Purpose Holdings gets mixed response
      576 17  -  By MAGDALENE NG THE MALAYSIAN Hong Leong group's move to make a takeover bid for Multi-Purpose Holdings Bhd (MPHB) has met with the market's approval. But apparently not so with the MCA party. In a statement issued in Kuala Lumpur yesterday,
      576 words
    • Article
      Berjaya explains disposal of SSMC shares
      243 17 REPLYING to a query from the Kuala Lumpur Stock Exchange, Berjaya Corp (M) Bhd said the disposal of its 135.000 shares in US-based SSMC Inc on the open market was necessary to avoid a contravention of the Securities Exchange Act of the US. Berjaya
      243 words
    • Article
      COMPANY BRIEFS
      325 17 MULTI-PURPOSE HOLDINGS Bhd (MPHB) said it disposed 184.000 ordinary shares of 50 sen each in Gopeng Bhd in the open market between March 27, 1987, and April 7 this year at prices of between M 53.52 and Ms 3 94 each. As a result of the disposals, MPHB's
      325 words
    • Article
      New substantial shareholder in Ambassador Holdings
      216 17 AMBASSADOR HOLDINGS Ltd has identified a Mr Chang Ching Chuan as a substantial shareholder of the company following his purchase of a block of 1.9 million shares (24.09 per cent) in the company at $1.10 each on April 11. This came hot on the
      216 words
    • Article
      Roxy explains sale of D & C stake
      303 17 Roxy explains sale of D C stake ROXY ELECTRIC Industries (M) Bhd agreed to sell a 20 per cent interest in Development Commercial Bank Bhd because it failed to secure underwriters (or its proposed rights issue. Replying to queries from the Kuala Lumpur Stock Exchange on its recent proposed sale
      303 words
    • SES
      • Article, Illustration
        STII gains almost 2 per cent making it three post-Crash highs in a row
        1163 18  -  by ANDREA BORCH AS THE LOCAL MARKET continued its climb yesterday into post-Crash-high territory on heavily speculative buying, dealers and fund managers were wondering how high is high. The Straits Times Industrials Index climbed 22.29 points
        1,163 words
      • Article
        COMPANY MEETINGS
        105 18 CARLSBERG BREWERY MALAYSIA BERHAO: 19th AGM at No. 55 Persiaran Selangor, Section 15, ***** Shah Alam, Selangor, on Tuesday, April 18. at 11.30 am. CHEMICAL COMPANY OF MALAYSIA BERHAO: 27th AGM at the Perak Room, Basement 2, Shangri-la Hotel, 11 Jalan Sultan Ismail, ***** Kuala Lumpur, on April
        105 words
      • Article
        APPROVED ISSUES
        202 18 Company RIGHTS ISSUE 0 C Bank One lor loo <(H $0 /S per shore E« dole March 9 BooAi dm Morcti 23 Acceptance fay mem May 5 George Town rhree tor two }l 00 per shore i> dale March 13 Boots close March 28 Acceptance hiywii May 1?
        202 words
      • Article
        PROPOSED ISSUES
        351 18 Company RIGHTS ISSUE Ayer Hitom Tin One tor one <(l) $1 10 per shore fleriayo Corpn One tor one J1 00 par per store C 1 Holdings 17 Million loan slocks 'tie roho ot 13 loan slock lor every live ordmory stores Held Causeway Inv Issue ol J/.2S2.W
        351 words
    • Article
      SES SHARE INFORMATION
      6270 18 1989 High Low Tel Code Company Last Sale APR 13 orVol Day 000) High Low Last Quote Buyer Seller Gft Dlv D4v C'vr Gr*a Y'ld Net P/E M Cap Smii SECTION ONE INDUSTRIAL COMMERCIAL 162 111 85 65 300 184 200 131 112 101 382 332 244
      6,270 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices up in active trading
        3798 19 MBT SHARE PRICES continued to forge ahead on the Kuala Lumpur stock market yesterday in active trading. Blue chips and selected higher-priced issues garnered good interest to post double-digit gains. The market opened higher with turnover in the first hour estimated at two million
        MBT  -  3,798 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon HK votes in new law to regulate securities
        487 20 Reuter HONGKONG has voted in a new law on establishing a watchdog committee to regulate its tarnished securities industry. The new Securities and Futures Commission, which some stockbrokers fear may throttle free-wheel-ing trading in the British colony, will take up its duties
        Reuter  -  487 words
      • Article
        Lock icon GFW dismisses credit rate lowering
        187 20 Reuter GOODMAN FIELDER Wattie Ltd executive chairman Don Budden has said a decision by Australian Ratings Pty Ltd to lower the company's credit rating was not a serious blow. Australian Ratings downgraded the food group's unsecured paper rating to 888 from A-Minus and commercial paper
        Reuter  -  187 words
      • Article
        Lock icon Record price for three floors
        182 20 Reuter HUEY TAI INVESTMENT Co Ltd, a Hongkong-listed property developer, will buy three floors of the Hong Kong Convention and Exhibition Centre from New World Development Co Ltd for a record price. A Huey Tai statement said it will pay HK$5,BOO per square foot of
        Reuter  -  182 words
      • Article
        Lock icon Bond unit in US$10.5m brewing deal in China
        229 20 AFP BOND Corporation International Ltd (BCIL), Australian businessman Alan Bond's Hongkong investment arm, has signed a US$lO.5 million joint-venture pact to invest in China's brewing industry. A company spokesman said in Hongkong yesterday that BCIL would hold an 85 per cent stake
        AFP  -  229 words
      • Article
        Lock icon CCTI to invest HK$3b in China
        242 20 AFP THAI and US-owned agricultural concern ContiChia Tai Internation Holdings Ltd (CCTI) is planning to invest HK$3 billion (US$3B5 million) to build agricultural processing plants in China, a company spokesman said in Hongkong on Wednesday. CCTI president Jack Wong said the project, in the
        AFP  -  242 words
      • Article, Illustration
        Lock icon Prices take a tumble
        607 20 Tokyo Reuter SHARE prices on the Tokyo exchange closed lower yesterday, but off the day's lows, on fears Japan may raise its discount rate and concerns that the Recruit scandal may enfeeble the government. brokers said. They added that the market had been ready for a
        Reuter  -  607 words
      • Article, Illustration
        Lock icon Stocks close mixed
        511 20 Australia Reuter HIGH interest rates and a firm Australian dollar drove the Australian share market to a mixed close yesterday The All Ordinaries Index edged up 0.3 point to 1.421.3. Brokers said there was a general feeling of negative sentiment within the market. "Boldness ahead of yesterday's
        Reuter  -  511 words
      • Article, Illustration
        Lock icon Stocks rise in heavy turnover
        1387 20 Hongkong Reuter THE HONGKONG stock market yesterday shook off its doldrums and rose on the heaviest turnover since March 22. "The announcement of Hopewell's rights issue yesterday removed a major uncertainty over the market. People decided they were tired of being boring," a broker said.
        Reuter  -  1,387 words
      • Article
        Lock icon Bombay: Shares rebound
        201 20 Reuter SHARE prices on the Bombay exchange rebounded strongly yesterday after a shaky start, taking advantage of the absence of institutional profit-taking. The institutions, big sellers in the past two days, kept to the sidelines, sparking heavy speculative buying, dealers said. "The abrupt end to the institutional
        Reuter  -  201 words
      • Article
        Lock icon Seoul: Stocks bounce back
        290 20 Reuter SEOUL stocks bounced back across the board yesterday recouping nearly all of Wednesday's heavy losses as bargain hunters raided the weakened market. The Composite Index rose 23.52 points to 951.48. Turnover was 369 1 billion won against 324.3 billion in the previous session. "The market
        Reuter  -  290 words
      • Article
        Lock icon Manila: Firmer close
        100 20 Reuter SHARE prices on the Manila exchange closed mostly higher in moderate trading yesterday as selected blue chips continued to post gains, dealers said. The Manila Stock Exchange Composite Index rose 5.62 points to 927.76. The commercial/industrial sector was up 14 98 points to 1.060 12. "There
        Reuter  -  100 words
      • Article
        Lock icon Taipei: Stocks edge lower
        397 20 Reuter TAIWAN stocks edged lower yesterday after fluctuating in a narrow range for most of the day. The weighted index lost 10.51 points to finish at 7,782.14 compared with Wednesday's 7,792.65 close. Turnover was NT576.98 billion against NT587.67 billion. Dealers said sales by skittish investors knocked
        Reuter  -  397 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Dow closes up in cautious trade
        847 21 New York Reuter SELECTIVE buying in several groups, including takeover, oil refining and semiconductor stocks, helped Wall Street finish on a firm note on Wednesday. Trading picked up from previous sessions, but investors remained cautious ahead of today's economic reports. The Dow Jones Industrial
        Reuter  -  847 words
      • Article, Illustration
        Lock icon Equities lower in early trade
        975 21 London Reuter EQUITIES on the London market opened mostly lower in very thin, cautious trading yesterday ahead of crucial UK February average earnings data due at 1030 GMT. Wall Street's eight-point gain on Wednesday had little impact on a market nervous about the prospect of
        Reuter  -  975 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1829 21 Reuter AMSTERDAM:Dutch shares opened quietly lower yesterday as the dollar eased against the mark with Philips dropping 2.10 guilders to 38 50 as its shareholders on Wednesday evening allowed it an extra anti-takeover defence Philips held its annual meeting on Wednesday where a clear majority was in
        Reuter  -  1,829 words
      • Article
        Lock icon HP to pay US$500m for Apollo Computer
        499 21 Reuter HEWLETT-PACKARD Cos planned US$5OO million acquisition of Apollo Computer Inc is an aggressive attempt to become the world's number one manufacturer in the fast-growing, competitive market for high-powered computer workstations. "The merger catapults Hew-lett-Packard into the position of being the frontrunner in
        Reuter  -  499 words
      • Article
        Lock icon SmithKline-Beecham merger: how it was brewed
        599 21 Reuter SMITHKLINE BECKMAN Corp began seriously evaluating mergers with other pharmaceutical businesses in 1985 as competition and research costs in the industry began to escalate. "I felt very strongly then as I do now that a true competitor in this business would have to
        Reuter  -  599 words
      • Article
        Lock icon Anti-takeover defence for Philips
        168 21 Reuter SHAREHOLDERS of Dutch electronics conglomerate NV Philips Gloeilampenfabrieken have approved a proposed statutory change which gives the firm an extra anti-takeover defence. Philips spokesman Ben Geerts said said 23.9 million shares voted in favour of the changes while 3.3 million shares were opposed. Philips proposed
        Reuter  -  168 words
      • Article, Illustration
        Lock icon Icahn may enter fray to buy ailing Eastern Airlines
        429 21 Reuter NEGOTIATIONS to sell strikebound Eastern Airlines, the sev-enth-largest US air carrier, to a group headed by former US baseball commissioner Peter Ueberroth for US$464 million have failed. But the chairman of Trans World Airlines (TWA), Carl Icahn, said on Wednesday
        Reuter  -  429 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      267 17 CURRENCY INVESTMENT AMERICAN EXPRESS HANK TEL: 321 3333 Harimau Investments Limited (Incorporated in ttie Republic of Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the sixteenth Annual General Meeting of* the Company will be held at 65 Chulia Street #19-00, Conference Room i OCBC Centre, Singapore 0104 on Monday,
      267 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      315 20 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND MAY IM INVESTMENTS PTE. LTD. (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN in pursuant to Section 308 of the Companies Act. Cap. 50 that the final general meeting of the abovenamed company will be held at 2 Finlayson
      315 words
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      Page 20 Advertisements Column 2
      297 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND SAGA TRANSPORT PTE. LTD. (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN in pursuant to Section 308 of the Companies Act. Cap. 50 that the final general meeting of the abovenamed company will be held at 2 Finlayson Green #07-07
      297 words
    • Advertisement
      Page 20 Advertisements Column 3
      23 20 Bangkok market was closed yesterday for a holiday, New Zealand prices were not available Managers must manage, BT shows you how, every Monday
      23 words
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  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      154 21 SING INVESTMENTS FINANCE LIMITED (Incorporated in the Republic of Singapore) v ANNOUNCEMENT Pursuant to Article 8( 1 )(b) of the Articles of Association of the Company, it is hereby announced that the Status Declarations received by the Company as at the end of March 1989. revealed that the foreign beneficial
      154 words
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  • Article
    Pigment plant expects first year sales of $132 m
    455 22  -  Bulk of output will go to South-east Asia By GENEVIEVE CUA THE SOLE manufacturer of highquality white pigment in Southeast Asia expects its Singapore plant to generate about $132 million in worldwide sales in its first year. Officials of Ishihara Sangyo
    455 words
  • Article
    Lock icon Japan's trade surplus for 1988 rose by 4pc to US$79b
    417 22 UPI PACED BY a slowdown in imports, Japan's merchandise trade surplus for fiscal year ended March 31, 1988, increased about 4 per cent in a turnaround from a decline in the preceding year, but the favourable balance with the United
    UPI  -  417 words
  • Article
    US bank launches depository receipts for GB Holdings
    468 22  -  By QUAK HIANG WHAI THE first ever sponsored American depository receipts (ADRs) for a Singapore-listed company has been launched by the Bank of New York for luxury yacht maker GB Holdings. The Singapore office of Wardley, the Hongkong merchant bank, which also
    468 words
  • Article
    Lock icon Jakarta to attend regional trade talks mooted by Australia
    325 22 AFP AP INDONESIA will attend an Aus-tralia-proposed ministerial meeting on boosting regional trade and combating protectionism. Foreign Minister Ali Alatas said in Jakarta yesterday. "Indonesia feels that this is an idea which we can support. We do not have any objection
    AFP; AP  -  325 words
  • Article
    Lock icon Meeting over Israeli proposal
    89 22 AFP KING HUSSEIN and Egypt's President Hosni Mubarak held talks in Amman on Wednesday aimed at countering the Israeli premier's proposal for elections in the Israeli-occupied territories. The two leaders were expected to review Mr Mubarak's recent visit to Washington and to coordinate their stand ahead
    AFP  -  89 words
  • Article
    Lock icon Labour disputes could destroy S Korean economy, warns Roh
    451 22 AP SOUTH KOREAN President Roh Tae-woo warned on Wednesday that intensification of current labour disputes could lead to an "overnight" loss of accomplishments achieved with Korean toil. "Our economy now stands at the crossroads," Mr Roh said at a policy meeting
    AP  -  451 words
  • Article
    No general elections this year, says Hawke
    200 22 AUSTRALIAN Prime Minister Bob Hawke yesterday ruled out general elections this year despite opposition claims that a newly announced wage-tax cut package was aimed at a snap poll. "There's no early election in the offing. I can assure your listeners of that." he
    200 words
  • Article
    Lock icon US investments in Malaysia slowing, says embassy survey report
    378 22 Reuter NEW INVESTMENTS by US companies in Malaysia are forecast at U*****.2 million in calendar 1989, compared with U*****.3 million in 1988, the US embassy in Kuala Lumpur has said in a survey report. The survey showed that US investments at
    Reuter  -  378 words
  • Article
    UK team to look at implementing of Hongkong pact
    512 22  -  By FOO CHOY PENG MEMBERS of the House of Commons' Foreign Affairs Committee (FAC) will arrive in Hongkong on Monday to look at how the 1984 Sino-British pact on Hongkong is being implemented. During their six-day stay in Hongkong, the members
    512 words
  • Article
    Lock icon Be on guard against inflation: OECD chief
    147 22 AFP INDUSTRIALISED nations should be on guard against inflation and allow further adjustments in trade imbalances, the head of the Organisation for Economic Cooperation and Development (OECD) said. "The general feeling is that the economic situation is fairly good but there is some
    AFP  -  147 words
  • Article
    Lock icon Comex gold
    103 22 Reuter COMEX gold futures gained in an early buying response to a weak dollar yesterday. Strong gains in the platinum group metals also fuelled demand for gold. June gold rose US$3.4O to a high for the week of U*****.50 an ounce. Analysts said the dollar's tumble sharpened foreign
    Reuter  -  103 words
  • LATE FILE
    • Article
      Lock icon Kohl reshuffles Cabinet
      64 22 AP WEST GERMAN Chancellor Helmut Kohl yesterday announced a major government reshuffle, replacing eight Cabinet members, including the defence and finance ministers, in an apparent bid to arrest his party's tumbling popularity. Only one of the Cabinet members replaced, Defence Minister Rupert Scholz, was left jobless. The
      AP  -  64 words
    • Article
      Lock icon Talks offer as 57 die in Lanka
      65 22 AFP SRI LANKAN President R Premadasa offered to hold talks with the dominant Tamil separatist group yesterday as violence during a govern-ment-declared ceasefire killed 57, including 10 Indians. Foreign Minister R Wijeratne, in a statement yesterday, invited the dominant Tamil militant group, the
      AFP  -  65 words
    • Article
      Lock icon UN losing hope for Namibia truce
      62 22 AP A UNITED Nations official said in Windhoek that reimposition of a ceasefire in Namibia might be difficult if authorities are unable to verify the planned withdrawal of Swapo guerillas, after only four of them had reported to UN checkpoints to take advantage of
      AP  -  62 words
    • Article
      Lock icon Marginal rise in US retail sales
      65 22 Reuter US RETAIL sales rose a scant 0.1 per cent in March, the Commerce Department reported yesterday, adding to growing evidence that the US economy is slowing down. The slight increase in sales, in line with economists' expectations, followed a fall of 0.6 per
      Reuter  -  65 words
    • Article
      Lock icon UK jobless rate falls, wages rise
      64 22 Reuter BRITISH unemployment fell to its lowest in more than eight years in March but average wages are still rising, creating inflationary pressures, official figures released yesterday showed. March unemployment, adjusted to account for seasonal variations, fell by 30,600 to 1.92 million, marking the
      Reuter  -  64 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Nedlloyd buys W German firm
        83 23 Reuter DUTCH transport and shipping company Koninklijke Nedlloyd Groep said it had bought West German transport firm Andreas Christ Gmbh and Co for an undisclosed sum. Nedlloyd said in a statement the Heilbronn-based firm, with turnover of some 60 million marks and 400 employees, is
        Reuter  -  83 words
      • Article
        Lock icon Gulf Trident damaged
        118 23 Reuter THE 800-foot Gulf Trident (54,204 dwt) slammed into the public docks at the Port of New Orleans on Tuesday probably because of steering problems, the US Coast Guard said. The ship, carrying a full load of bauxite, is now anchored upriver. The dock was heavily damaged
        Reuter  -  118 words
      • Article
        Ceylon Shipping to sell 4 ships
        53 23 CEYLON Shipping Corporation plans to sell four of its eight container ships to alleviate its financial troubles. These vessels are two of 530 TEUs and two of 175 TEUs. The company said it may, in turn, buy a bigger container ship of about 900
        53 words
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        Chinese yard orders
        50 23 CHINESE shipyard received orders in the first three months of 1989 to build four large ships for foreigners and eight for domestic use. The foreign orders are from the United States, West Germany and Singapore. These are for two cargoships and two container vessels totallinq 140,000 dwt.
        50 words
      • Article
        Soviet ports ice free
        92 23 LENINGRAD and other Soviet Baltic ports are ice-free but some restrictions to traffic persist at Finnish ports in the Bothnian Bay area, the Finnish Marine Research Institute reported. It said in the Bothnian area only ships of Finnish/Swedish ice class IA above 2000 deadweight tonnes (dwt)
        92 words
      • Article
        Lock icon Soviet ships attacked
        159 23 AP TWO HELICOPTERS with Syrian markings attacked two Soviet naval vessels in the eastern Mediterranean Sea, injuring at least seven sailors, the military newspaper Krasnaya Zvezda said. The newspaper said the attack took place on Tuesday morning. "Two helicopters with Syrian markings attacked two Soviet auxiliary vessels
        AP  -  159 words
    • Article
      Index to advertisers
      1006 23 AB Shpg VII ABC Contomerlme XI Accord Shpg VIII AfS XHI Ahrenkiel liner XII AC Toepler XIII Amor icon Tpt XII Arrow lines XI Assoc Corr oge XIII ANl III A PC line VII API V ASCI V AMos line XIII Bolt Conodo line IX Bolt Or
      1,006 words
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      Crime body to investigate Aussie ports
      330 23  -  By JOHN SPIERS AUSTRALIA'S national crime authority has been asked to investigate alleged widespread criminal activity on the waterfront following a report on major waterfront reform proposals received by the federal government. The Inter-State Commission (ISC) report on waterfront reform says that the Australian
      330 words
    • Article, Illustration
      Priority berthing for Sea-Land at Berth C13
      336 23  -  Sixth shipping line to come under the scheme By JEAN FOONG AMERICAN carrier Sea-Land Service has signed up for an appropriated berth with the Port of Singapore Authority. Sea-Land will, for the first time, enjoy priority berthing at container Berth Cl 3 at
      336 words
    • Article
      SCICI may enter leasing sector
      111 23 THE SHIPPING Credit and Investment Co of India, which finances shipping-re-lated businesses, is looking at a possible joint deal with a foreign company to lease containers in India. SCICI recently started leasing vessels and, with the rapid growing of containerisation in India, considers it timely
      111 words
    • Article
      Lock icon Commission forestalls sanctions on Peru
      215 23 Seatrade Week DESPITE intimations that the Federal Marine Commission is prepared to toughen its stance on unfair" foreign shipping practices, an announcement recently concerning Peru shows the FMC's teeth to be rather blunt. FMC issued a statement declaring that Peru's shipping practices were unfair to
      Seatrade Week  -  215 words
    • Article
      Koreans allowed to import 10-year-old ships
      84 23 SOUTH KOREAN owners are to be allowed to import secondhand cargo vessels up to 4.000 dwt from Japan with a 10-year age limit, from this month. Korean owners in the Japan and South-east Asia trades have 40 ships in the 2,000-4,000 dwt range that
      84 words
    • Article
      Lines worried over PK's haulage system
      356 23  -  -By G DURAIRAJ THE AVAILABILITY of haulage services at Port Klang continues to be a source of concern and anxiety to shipping lines and agents, despite an expansion in haulage capacity. Users said they were still plagued with an inadequate and inefficient haulage system
      356 words
    • Article, Illustration
      Lock icon Call for shipping industry to cooperate against fraud
      1210 24 Countries assuming zero tolerance attitude Fairplay IT IS A philosophy of crime prevention that, if a pretolem receives sufficient media attention, the public will respond in a positive manner. But there are circumstances in which even the most powerful focus of media
      Fairplay  -  1,210 words
    • Article
      Lock icon Sanko's restructuring plan gets approval from banks
      683 24 FT COURT-APPOINTED custodians of Sanko Steamship, once the world's largest tanker operator and, later, the largest Japanese company to collapse in post-war history, have produced a restructuring plan that symbolises the return to the Japanese commercial fold of this onetime maverick. ..While the
      FT  -  683 words
    • Article
      Brazilian strike not affecting all commodities
      99 24 A NATIONAL port strike in Brazil, now in its second day, has paralysed most export activity but has not yet hit soy, coftee and frozen concentrated orange juice exports (FCOJ), traders said. At Santos, Latin America's busiest port, all 8,000 stevedores, checking clerks and
      99 words
    • Article
      Idle tanker tonnage increases to 2m dwt
      151 24 World laid-up and idle tanker tonnage rose to 2,189,952 long dwt (26 vessels) in March from 1,819,489 (23 vessels) in February, shipbroker John I Jacobs said. The laid-up and idle combination carrier tonnage at end-March was unchanged at 609,752 long dwt (six vessels).
      151 words
    • Article
      Bunker market report
      539 24 Density Water Carbon Ash Aluminium Sediment Residue KG/M*3 V/V M/M M/M PPM M/M Exxon method ISO/Cimac limits Spec E25 991 1.0 15.0 0.10 30* 0.15* Spec G35 991 1.0 18.0 0.15 30* 0.15* Northern Europe 180 Ave 983 0.2 13.6 0.05 8 0.04 180 Max 993 2.0
      539 words
    • Article
      Who acts for whom ...
      2220 24 Who acts for whom A B A 8 Shipping Boustead Shpg Agencies (S) ABC Containerline NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Lin« (PK/PN) Ahrenkiel Lm«r Kim Shpg (S) Alfred C Toepter Oceanus Shipping Agency (S)/Multiport Sdn Bhd (PK) Atttrans Alltrans Express (S) American President Lines
      2,220 words
    • Article
      Lock icon AP Moeller sees further expansion
      396 25 Reuter DANISH shipping, oil and gas group AP Moeller said it expected further expansion of its activities in 1989 despite uncertainty surrounding crude oil prices and the shipping market. "The considerable optimism about shipping expressed in certain quarters is exaggerated, and it is difficult to
      Reuter  -  396 words
    • Article
      London Freights
      1064 25 SINGLE voyage chartering remained fairly slow on Wednesday, and reported business centred on the timecharter market where some firmer rates were made, brokers said. A firm U5517,500 daily fixed for a 64.000 tonnes dw Panamax vessel from the Continent for a trip to Japan via the US Gulf.
      1,064 words
    • Article
      SHIPPING LIST where your ships are due... and when
      10091 32 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      10,091 words
    • Article
      Stolt Tankers buys Louis Dreyfus subsidiary
      421 36 STOLT TANKERS and Terminals (Holdings) and Louis Dreyfus and Cie said they have agreed in principle on Stolt's purchase of the Dreyfus subsidiary Interchem Shipping Ltd and the ships operated by Interchem for less than US$2O million. The purchase includes 10 small tankers in
      421 words
    • Article
      Lock icon Japanese ports paralysed for 7th day
      199 36 Reuter MOVEMENT of containers in and out of nine major Japanese ports remained paralysed for the seventh consecutive day, Japanese shipping industry sources said. Dockworkers continued to block the gates to container yards at the ports of Tokyo, Yokohama, Shimizu, Nagoya, Yokkaichi, Osaka, Kobe,
      Reuter  -  199 words
    • Article
      Container schedules/ships in port
      1642 36 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/time Op code cargo schedule Location E General RW Oil 14 04 89 1600 EU F5 0730 0800/0700 0730 A5/C5 0700 0730 E5 Lanka S»ri II9W 14 04 89 1600 Nl
      1,642 words
    • Article
      Shipping events
      305 36 April 18-21 Expoship 89. international marine conference and exhibition. Barbican Centre. London. April 18 Advances in hull and propeller design, technical meeting, 1730 hrs. Institute of Marine Engineers. The Memorial Building, 76 Mark Lane. London EC3. April 22-28 International Association of Ports and Harbours conference. Miami. Details: Port
      305 words
  • Page 23 Advertisements
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      10 23 > V OMinNil hi, TIMES i STP Distributors fwnes Pui>4ith*n<f Croup
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      Page 23 Advertisements Column 2
      18 23 Lines and services represented oy AvtiMfetVv Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      18 words
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      Page 23 Advertisements Column 3
      148 23 N^ V o<T> TIMES STP Distributors M !SBss St'C^ Their Bookings For Course Placings OverQoweth... rag MS m S Vr. i S H 1 'w/k > 7i J oi 2? •aw <2 *t. m 3 .1 v/ 3 sr^s W i) 9 V S^s 9 m i h m Shipping
      148 words
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      Page 23 Advertisements Column 4
      141 23 INSIDE Fighting against marine fraud IT IS A philosophy of crime prevention that, if a problem receives sufficient media attention, the public will respond in a positive manner. But there are circumstances in which even the most powerful focus of media attention creates little interest and no significant response. PAGE
      141 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1118 25 OOCL Pi'dic'utt'ci to C^uolify Jnrdines JAROINC SHIPPING AGENCICS 200 Cantonnmtf Road #1206 S«ittHX*il, S«i«aca« 02W Ttl 221 tOll TilIX NO RS ***** TERMINAL/CFS Tri J2IWH 720 BOOKINGS T«i *****34 235 KSAKA JAROINC SMIPfINC ACtNCIIS SON. MM) PONT KEIANG HI: *****11 Tctti No. MA3J477/MAJ97OI PENANG 111 *****4 fflfX NO MA***** CFS
      1,118 words
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      Page 25 Advertisements Column 2
      964 25 MAERSK LINE ETA ETO DESTINATIONS To Gulf-US Atiantic-6asf Canada-Ail W)?«' S«rv»c« This w»«> L*dl M Closing Time CY 17/4 2300 MRS CFS 17/4 1300 HRS This wsek Anna M Closing Tim* CY 20/4 0600 HRS CFS 19/4 2000 HRS Sailed tn Pi 20/4 21/4 27/4 28/4 4/5 5/S 11/S 12/5
      964 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      542 26 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ROTTERDAM/ ANTWERP LE HAVRE 16/5 ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG. MALMO, HELSINKI, OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING AT "TYO 25/4. 'KOBE 28/4 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE HOLSATIA BAVARIA Agents: m Singapore
      542 words
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      Page 26 Advertisements Column 2
      479 26 TTTo COLUMBUS LINE REEDEREI GMBH (A SERVICE OF hamBURG-SUO v S£MM:OWTA*CP SEPVKE to NORTHBOUND TO UKC TAMAITAI SAMOA V-15N FORTHBANK V24N IVYBANK V ?4N RDM/A DAM HBG HULL (U.K.) 22/5 26 5 1? 6 15/6 19/6 22/6 U/7 IS/7 11/7 •Alio Accepting fCL to Antwerp,Brcmen/Feli istowt/Southampt on/ Belfast Gothenburg (ASIA-SOUTH
      479 words
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      Page 26 Advertisements Column 3
      1077 26 o 1 L S'J r_sL_jf w r_sz K fc. A. a. TO EUROPE REGULAR INDEPENDENT FULL CONTAINER SERVICE (VIA FEEDER) NORASIA SAMANTHA V 8905-3 17/4 18/4 WOENSDRECHT V 8906-3 25/4 26/4 NORASIA MUBARAK V 8907-3 2/5 3/5 NORASIA AL-MANSOORAH V 8906 3 9/5 10/5 Also accepting cargo to all U.K.
      1,077 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1209 27 Steamers Maritime Holdings Ltd P&O "^Containers CONTAINER SERVICE TO UK/CONTINENT Also Accepting Cargo For: Hamburg to Copenhagen. Ajrhus. Gothenburg. Mjlmo, Stockholm, Helunfci. Sondertxirg RottertUm lo Antwerp. Amsterdam, Otlo. Basle. Zwidi Bremenhaven to Brawn Southampton :to all UK destinations. Belfast and Dublin ICONTAINERSHIP SERVICE FROM UK/CONTINENT Calling Koto. Tokyo t Shimizu
      1,209 words
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      Page 27 Advertisements Column 2
      968 27 nun VAMP I IMC WEEKLY EXPRESS INDEPENDENT TMriU Line FAR EAST/EUROPE FULLY CONTAINERISED SERVICE ITBOUND EASTBOUND Alto accepting lor Inland UK destination* Antwerp and Scandinavian ports FMG FIOTA MERCANTE GR ANCOIOM Bl AN A, 5. A NAf ON*. .INt O' -COIOM6 A Ldg lor HK/KAO/KOBE/YOKO/BUSAN CAVN COMPANIA ANONIMA VENEZOLANA OE
      968 words
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      Page 27 Advertisements Column 3
      73 27 t** EAST MALAYSIA SNIPPING ENT. (PTE) LTD 41-A AMOY STREET, S PORE 0106. TEL: 222*318 (4 LINES) TELEX NO EMVES R*****9 SINGAPORE TO SARAWAK BRUNEI SRI LIKU 7/89 MIRI/K. BELAIT 12/4 14/4 Receiving cargo at M 2 (PSA Marina Wharf) from Monday to Saturday (MARINA WHARF OFFICE TEL. *****31) EURO
      73 words
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      Page 27 Advertisements Column 4
      354 27 Hai Sun Hup Co (Pte) Lt TEL *****06 (20 Llnee) TLX R*****1 R*****2 fc. L i K\ < -VI i k STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Hong Kong Yokohama Nagoya 7, Osaka 4, Senboku Moji Tomakomai •For Discharging Only NOTE. ALSO CALLING OTHER JAPANESE PORTS, HONGKONG
      354 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      504 28 11SIN0SE MARITIME PTE LTD ISUkMIC RBPUBLIC Of IRAN SHIPPING LINKS IHANIAN SERVICE Singapore Loading for IRAN MEEAD PJLOI Eta 19/4 BANDAR ABBAS KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL KYOWA HIBISCUS V 36 KYOWA VIOLET V 2S HK LOAD FOR: 5/5 VILA. NMA, LTK, SUVA. PAGO. APIA 26/5 GUAM. SAIPAN.
      504 words
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      Page 28 Advertisements Column 2
      512 28 HANJIN SHIPPING CO., LTD. FVM.V OON'TAINTRISEC' SERVt f TO FAR EAST PORTS QUEEN'S NAY BRIOCE 00/E 17/4 CHOYANG PARK 01E 24/4 HANJIN OAKLAND 001E 1,5 CHOYANG SUCCESS Oft 8,5 S port H Konf Kjothiunf Koto Yofco 17/4 20/4 21/4 24/4 25/4 24/4 27/4 28/4 1/5 2/5 1/5 4/5 5/5 8/5
      512 words
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      Page 28 Advertisements Column 3
      260 28 2s INTEROCEAN UNE 78, 2nd Floor, Jalan 2/71, Taman Tun Or. lamoH, *0000 KL Tol: *****34, *****94, *****26 TLX. NO. MA-***** FAX: 03-*****11 Pcoartg Oft Tol: *****7, *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS LOADING FOR SYO. MELB, ADE BRIS. FREM LE HVE, HBG. BREMEN. R DAM. GENOA. ANTWERP. UK
      260 words
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      Page 28 Advertisements Column 4
      805 28 r jnirrtiiu 1 r i iua npiu v EVERGREEN Full Container Service Round-The-World East Bound fFE/CARIB/USEC/EURO/FE) EVE* GENIUS In PI 14/04 1904 20® 2204 25® 27/1 EVE* GIANT U® 19® 25® 26® 2104 01*5 03* EVER GENTRY 2(04 2704 0205 03/05 0505 OB® m EVER CATHER 0305 0405 09® 1005
      805 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      713 29 N PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES [FAR EAST VESSEL SEA PEARL HAI GUANG MAJAPAHIT KOB BUS 29/4 31/4 18/5 20/5 28/5 30/5 ACCEPTING MURURAN/TOMAKOMAI/HITACHI CARGO VIA HKG JAKARTA BANGKOK SURABAYA/SEMARANG XINGANG CONVENTIONAL/SEMI-CONTAINER SERVICES RED SEA/EAST AND WEST AFRICA VESSEL KOTA
      713 words
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      Page 29 Advertisements Column 2
      252 29 NOnailLK CARGO SERVICES LUJ. *11 REGULAR CONVENTIONAL TIMBER AND PLYWOOO SERVICES SPORE MARATHON UNITED AGENCY PTE LTD TEL 22»3M KL/PK: S P YEO SHPQ I TRDO KL *****44 PK: J4MIOI SABAH TRANSPAC KK TEL: S94M/*****8 BREAKBULK SERVICE TO EUROPE/UK S pore P Kelang Loading For FINNFALCON NLB9OI 30/4 5/5 SETE/FLU/ANT,UK
      252 words
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      Page 29 Advertisements Column 3
      257 29 BEN LINE CONTAINERS TASMAN ASIA SHIPPING 1 TO NEW CALEDONIA, FIJI AND NEW ZEALAND MAIN LINE (TS) HKG NOUMEA SUVA AKL NAP T.A. VOYAGER IS 23/4 15/5 19/5 285 TA NAVIGATOR V3S 5/5 1/6 4/6 7,* T.A. EXPLORER IS 20/5 15/6 19/6 22/6 FROM NEW ZEALAND L. yngjoo'* B*n Lm*
      257 words
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      Page 29 Advertisements Column 4
      561 29 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE KUTAI/17WB S. PANJANG/22 WB ANTWERP H'BURG RDAM/ADAM BREMEN 13/7 18/7 24/7 27/7 Sub|«ct to kHktc«m«nt. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Ganoa,
      561 words
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      Page 29 Advertisements Column 5
      388 29 BOUSTEAD SHIPPING AGENCIES |Bs^ PAGAN VI4OW HTONEYWA V246W PA-AN VI37W BURMA FIVE STAR (Burmese National Line) Loading for Rangoon > pore P.Kelang Penang Bangkok BANK LINE -CONTAINER NORTHBOUND TO UKC SPORE RDAM HMBG HULL TAMATAI SAMOA VISN 25/4 22/5 26/5 12/6 FORTHBANK V24N 17/5 15/6 19/6 22/6 IVYBANK V24N 12/6
      388 words
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      Page 30 Advertisements Column 1
      776 30 B K LINE KAWASAKI KIShN KAISHA. LTD. NEPTUNE JADE OOCL FORTUNE AMBASSADOR BRIDGE NEPTUNE GARNET VIA FEEDER NEPTUNE JADE OOCL FORTUNE AMBASSADOR BRIDGE NEPTUNE GARNET N. AMERICA-ATLANTIC COAST N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL RHEIN BRIDGE HUMBER BRIDGE TRANSWORLD BRIDGE NEPTUNE RUBY •Via Feeder v NEPTUNE TOPAZ SEVEN SEAS BRIDGE
      776 words
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      Page 30 Advertisements Column 2
      67 30 NEW LINE No 1 V 3/89 SANTOS V 2/89 SWEE ANN SATU V 689 v »k ft fi i'K GOLDENWAY MARITIMt: SDN. BHD. ETA ETO Loading For »1 V 3/89 17/4 20/4 Bmtulu/Mir. V 2/89 22/4 25/4 KK/Tawau *TU V 6/89 22/4 25/4 Kuchtng/KK,Labuan 6A, Loiong Cempening. off. Jin Berangan,
      67 words
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      Page 30 Advertisements Column 3
      602 30 KALIOAS V V TUISIOAS 41 **U OAS VI) ruisiOAs»v Ir miit In Sm AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contain*™ S.mwor« porting IW, Loading lor. W B» ftedtf B, feeder m Vii H Ml, 1 tune 1 Jut, tut* w"* li dip *a» Fron Wdb/Sndn Add M»» Ha, frem *Mb>S»dn
      602 words
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      Page 30 Advertisements Column 4
      581 30 STRAITS/PERSIAN GULF SERVICE: GOLOCN HAVEN Colombo. Hjradii Duba COLOtN BEAR ColomOo/Kjractii Duta, CHINA SERVICE A VESSEL Huangpu, Slunfhai GOLDEN LINE MMN CHAN SHIPPING (PIE) 110 111 r«MI A|M SlfMl MNtiAfOM 0104 r«l UUM (W DIMS) fu MOW ULF SERVICE: S'pore PKelang Penang W. CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE
      581 words
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      Page 30 Advertisements Column 5
      356 30 \35 PHILI-ORIENT LINES PTE LTD HEAD OFFICE: 63 ROBINSON ROAD »07-12 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PMILI FAX *****76 EAST/MI EAST FO. ft LCI ETA SINGAPORE DESTINATION "■i"! M'rr: mm 55 NEW GENTRUST lewt/WBT WKMB. mam mma MOMBASA. DARESSALAM ASSAB BEIRA. TAMATAVE P. SUDAN. REUNION. TANGA. P SUEZ
      356 words
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      Page 31 Advertisements Column 1
      1494 31 %Mi S pore NIPIUfC AG€NCtfS PIC. LIO. Bookinyi Hookmai liitMid/ reimiiul CIS JliquifOT ff EU/AUSf IPA/SfA Outward »12W2 mu\) urn n imiii mvu mnu ZrtOltS 2/***** ?«OI4H J m nn NIPIINf SON BHO Mgel Mtsr U/6to *****3 W/«l *****4 NEPTUNE OniEMTONES LTD EXPORT IMPORT I] .1-nwii.miinMiiinii.nnii.i l«i li: mi liri
      1,494 words
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      Page 31 Advertisements Column 2
      781 31 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 ***** PCNANG P. KELANG MESSRS HAI THONG SHIPPING 127 Penjof Street. Penang, Malays* M/S HANDLING SYSTEM CO SON
      781 words
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      351 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. (II I'riHS (.14 lines) FAX *****39/*****/6 iaix HS 29M8 A/H SSCMA HS ***** A/H SSCAIJ DSR-LINES 1 VEB OSUTcqACHT S6SPESO£9£ INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE HAVEIIAND 4 89 0 GROTEWOHL 4/89 RUEBELANO 4 89 SIN *tCA ANT
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      Page 32 Advertisements Column 2
      104 32 T.SK. LINE WEEKLY CONTAINEAISIO SERVICE WITH FIXED OAv ARRIVAt. EXPORTS TO TAIWAN ft JAPAN ■Q|| ASIA ACE V 36 KABUKI V2O HERMES ACE V2O HAKUSAN II V 5 CONTINENT V2l KABUKI 21 HERMCS ACE V2l IMPORTS FROM JAPAN ft TAIWAN HERMES ACE V2O HAKUSAN II VS CONTINENT V2l KABUKI V2l
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      163 32 rs i Regional Weather i I W $V| r. •i w- IS 4 5K Isi s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. April 14, 1999 c o Wmd direction with speed «n knots LEGEND R Th.-vS.~r~m Temperoture C XX Thunderstorm Weather Wind direction „,th speed m knots y
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      557 33 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR MV ALWASITTI 20/4 S. Korea. Japan THROUGH B/Ls to BAGMOAO UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AOA 8 A ft BAGHDAO REEFER SPACE
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      Page 33 Advertisements Column 2
      304 33 RICHFIELO MARINE AGENCIES (SI PTE ITO m Its. ***** 33 (10 Lin«i» t FAX 225^115 TEutX RS ***** RISHIP (3 lin«»i uwmmwnmuM ilp (Mnftfyfet line of Ethiopia) AC( MM INC. fCI AND CONVFNriONAI Other ports along the route workable on inducement IPS LINE CALCUTT A/KAR ACHI/CHTGONG/CBO REGULAR CONVENTIONAL LINER SERVICE
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      Page 33 Advertisements Column 3
      907 33 SIGMA EXPRESS (S) PTE LTD FAX *****75 TLX: RS ***** SHIP TEL: *****44 (6 Lines) ACCEPTING CARGOES FOR: COLOMBO 17/4 HONGKONG 18/4 BUSAN 20/4 TOKYO 17/4 KEELUNG 18/4 MUARA/LABUAN/KK 16/4 KUCHING/SIBU 16/4 BANGKOK 17/4 KOBE/NAGOYA 17/4 YOKOHAMA 17/4 BOMBAY 20/4 LE HAVRE/HAMBURG 18/4 FELIXSTOWE/R'DAM 18/4 MANILA 19/4 FREMANTLE 20/4 SYDNEY/MELBOURNE
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      Page 33 Advertisements Column 4
      158 33 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE SUSAK 62N LEUVE 02W SUSAK MN BANGLAR URMI 28IW TIGER BAY 63N LEUVE Q2E-<BW SUSAK MN I. YAM6URENKO ASSIB9 A GONCHAROV 07SIW 11/4 17/4 17/4 21/4 25/4 1/5 26/4 30-1/5 7-1/5 17/4 24/4 21/4 22/4 24/4 1/5 1/5 6/5 7/5 9/5
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      Page 33 Advertisements Column 5
      111 33 shipping W TeI:SS4 QISS REGULAR EXPRESS FCI LCI SERVICE 4 I ABC CONTAINERLINE N.V. TO AUSTRALIA/NEW ZEALAND VSI E. HUDIG 222 I 20/4 27/4 3/5 BRUSSEL 224 I U/5 2V5 11/5 C. VEROUK 225 I 1* M i 15H ANTWERPEN 22t lift 2M I 2/7 1* DAYS TO SYDNEY! TO
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      302 34 1 TMSC *mm m a TIENTSIN MARINE SHIPPING COMPANY NIN6AN6 DIRECT mv Sky Hover Voy. 2/NB ETA S'pore 19/20 Apr Accepting heavy lift upto 80 Ts KYC Line (S) Pte Ltd Tel: *****55 Fax: *****27 RS ***** Vessels *J. SHIN KYC Line (S) Re Ltd Tel: 225*555 RS MIU Faa
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      Page 34 Advertisements Column 2
      348 34 transintra shipping (Singapore) private limited Cargo bookings Tel: *****88 (5 LINES) REGULAR LINER SERVICE Y rln{ W*2 'STANBUL/GENOA/VENICE/RIJEKA I SLA NEGROS ETA 13 APR MANILA. BATANGAS TEQUILA SUNSHINE ETA It APR BENGHAZI. TUNIS LD SEALS LINER SERVICE OLYMPIC MERIT End Apr K.K. Manila. Kaohs.ung EXPRESS INBOUND WEEKLY SVCS FROM ALL
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      Page 34 Advertisements Column 3
      280 34 WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA General Agents: ASIA PERINTIS LINES PTE LTD 80 Anson Road #25-04 IBM Towers Singapore 0208 Tel: *****33 Tlx: ***** A/B PTASIA FAX A/B PTASIA FAX: *****53 CR NO **********0 C ahrenkiel liner service CONTAINS S LCL SERVICE
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      516 35 vere ines COMPANIA PERUANA OE VAPORES 'PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penang* P. Kelang* Singapore MURRAYEVERETT Gd„. Kl9/15 Apr THOMASEVERETT 20/22 Apr HUGHEVERETT 1/3 May orient LINE" r JAPAN/BAY
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      Page 35 Advertisements Column 2
      306 35 Z I M FULL CONTAINER SERVICE jcoptinf FCL/ICI ur«OM to USA Ea*t > «to»t Coa«t. Cimbbwn Li»t Canada. HAITI CotU Rica. El Salvador. Guatemala. Hcndurat. VtflMtMla. Rwu, Ecuador. Colombia via Miami. Trinidad. Barbado* Antifua. SI Lucia. Monttarrat. Guayana via Kingston VESSEL ZIM OSAKA ZIM GUAM IM IBERIA 111 MONTREAL 1/5
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      Page 35 Advertisements Column 3
      502 35 TTT Mmtma iramscoatatiom (*ti ltd WEEKLY LCL/FCL SERVICE VESSEL JENHOL VII IN IQZ32* JAKARTA I SURABAYA 18/4 DESTINATIONS ETA SINGAPORE PORT KELANG 15 APR MANILA 16 APR HONG KONG, ALL CHINA PORTS 15 APR KEELUNG. KAOHSIUNG 16 APR BUSAN 27 APR TOKYO, KOBE 27 APR CHITTAGONG 14 APR DUBAI 21
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      Page 35 Advertisements Column 4
      334 35 FL SHIPPING PTE LTD FINE LINER SHIPPING PTE IT!) U|S| 10 SHENTON WAt »G4 02C MARINA housf spore 0?0' L T LX RS :?M1 FLINER FAX ??b?BSfc TEL: 22.***** (!2 LINES) |f a; ii f suam rasr Mff.lri HOCHIMINH 15/4, 25/4 n v V PERCH OCEAN LINES (Pcffcct China Ocean
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      Page 35 Advertisements Column 5
      396 35 PTC CONTAINER LINES FCI LCI SERVICE UN FAB EAST 23/4 KEELUNG/KAOHSIUNG 17/4 BANGKOK 19/4 MANILA 22/4 JAKARTA 22/4 PORT KELANG/PENANG 20/4 BUSAN 17/4 TOKYO/YOKO/KOBE 17/4 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghal SIM EIMPE/MK 21/4 RDM/HAM/ANT/LE HAVRE/GENOA 21/4 LDN/FLX/LVP/SOU SIN USA CANADA 21/4 L.A./NYC/SFO 21/4 VANCOUVER/TORONTO/MONTREAL SIN AUSTRALIA/MEW ZEALAND
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      54 36 Expeditors International (Pac-Bridge Shipping) U.S.A. —TWICE WEEKLY EUROPE —WEEKLY PLEASE CALL: *****24 CARGOWAYS AGENCIES P/l Tel: *****07/ *****H9-9! BOM/KHI/COLOMBO 16/4 24/4 MADRAS 17/4 28/4 CALCUTTA 17/4 28/4 consolidation. KCI> and breakbulk Conference and vessel below 15 years old. Ocean and House B/L. Local, transhipment, bonded and Class cai*o *2® FT
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      Page 36 Advertisements Column 2
      699 36 BSB CALL US AT: P KELANG PfNANG J. BAHRU P GUOANG SINGAPORE K. LUMPUR 3685/53/368/U1 04 *****2/4, 62/293 0/ *****8 0/-5113/3, 5113/5, *****0, 5133/1 02 *****22 242 KM WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANC Ml B BUTANC 543 B BUTANC 545 B BUTANC M 7 P
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