The Business Times, 4 May 1989

Microfilm: NL16541
Total Pages: 85
1 85 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 THURSDAY, MAY 4, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    252 1 Dow down US SHARE prices were narrowly lower, with blue chips showing small losses early yesterday. The Dow was down five points at 2,398 but gainers were about even with declining issues. Trading continued to be light with several nations observing national holidays this week, brokers said.
    252 words
  • Article, Illustration
    Local market continues strong upward trend
    306 1 WITH THE Tokyo market closed for three days, the Singapore stock market took over the lead among regional markets yesterday. The local market traded actively yesterday pushing the Straits Times Industrials Index 18.92 points higher to close at a post-Crash high of 1,284.87 from
    306 words
  • Article
    Greenback opens higher in Europe
    141 1 THE US DOLLAR started higher against major currencies in Europe yesterday but fluctuated narrowly just above 1.89 West German marks on fears of further central bank intervention. In London, dealers said these fears created a lull in attempts by foreign exchange markets to drive the
    141 words
  • Article
    Lock icon Sihanouk sets terms for his return to Cambodia
    224 1 AFP CAMBODIAN resistance leader Prince Norodom Sihanouk said in Jakarta yesterday that he was ready to return home by October or November if Phnom Penh Prime Minister Hun Sen met his demands for constitutional changes. Speaking as leader of his resistance faction
    AFP  -  224 words
  • Article
    'Eventual merger of Hong Leong and Singapore Finance possible'
    409 1  -  EXCLUSIVE INTERVIEW WITH KWEK LENG BENG By ALVIN TAY, Financial Editor AN EVENTUAL MERGER of Hong Leong Finance and Singapore Finance cannot be ruled out, says the chairman of both companies. In an interview with BT, Kwek Leng Beng said: "Eventually,
    409 words
  • Article
    Wisma Atria seeks cut of higher sales
    520 1  -  Prime tenants pay more if they sell more By JOHN TAN THE BOOM in the tourism and retail trades has led to at least one shopping centre asking its tenants to pay more if they sell more. As leases come up for renewal
    520 words
  • Article
    Lock icon Dutch Cabinet quits over clean-up funding row
    171 1 Reuter DUTCH Prime Minister Ruud Lubbers offered the resignation of his centre-right Cabinet to Queen Beatrix yesterday after a row over the cost of an environmental clean-up plan. A government spokesman in The Hague said Mr Lubbers was received by the Queen for
    Reuter  -  171 words
  • Article
    Quayle praises S'pore free trade policy
    594 1  -  By HARISH MEHTA UNITED STATES Vice-President Dan Ouayle yesterday voiced concern over his country's massive trade deficit, mainly with Japan, but added that the deficit with Singapore was no cause for complaint because it was based on open competition. "Well, obviously, we'd like to
    594 words
  • Article
    Lock icon Court sets aside injunction against Umno
    133 1 Bernama THE SEREMBAN High Court yesterday set aside an ex parte injunction which stops Umno from holding its 43rd anniversary celebrations at the grounds of the Istana Besar in Johor Baru on May 10 and 11. Judge Mustapha Hussain, who granted an application by
    Bernama  -  133 words
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      Page 1 Advertisements Column 1
      122 1 u er s v r -T LFJTIIv > t Reigns when it pours WE KNOW HOW IT FEELS TO BE SMALL At Great Pacific Finance, you'll find an open mind and a receptive ear when you talk to us about your expansion plans. We're the SIFS Specialists and we've built
      122 words
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      Page 1 Advertisements Column 2
      227 1 Full report, PAGE 18 Regional mkts, PAGE 20 World mkts, PAGE 21 Friendly exchange, BACK PAGE Editorial Comment: 12 Working towards mutual trust Singapore How others see us East Germany 13 Foreign labour in demand Construction 2 CIDB revises registration scheme Electronics 3 Conner boosts investment Trade US lists grouses
      227 words
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      Page 1 Advertisements Column 3
      241 1 TOTAL TRANSPORTATION tel: 265-3833 CROWN PACIFIC 86 PAGES today BT brings you a special 86page bumper issue: 1989 Banking Finance Supplement A 52-page package of articles by industry leaders and experts on the theme, Singapore's Financial Supermarket: 21 yearn of Growth. Don't miss: The 13 wonders: Why banking is a
      241 words
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  • HOME NEWS
    • Article
      CIDB revises contractors' registration scheme
      545 2  -  By LILIAN ANG MORE CONTRACTORS will be able to compete for government work with the Construction Industry Development Board s move to raise the project values for the different grades of contractors on its registration scheme. The revision, announced yesterday. took contractors by surprise. It
      545 words
    • Article
      'Three lessons from population trends of past two decades'
      304 2 SINGAPORE's population trends in the past two decades have thrown up three lessons, suggested sociologist Stella Quah yesterday. They are the need for a system to monitor and evaluate government policies, the importance of coordinating them and consultation, she said in
      304 words
    • Article
      Corrections and clarifications
      67 2 IN YESTERDAY'S front-page story titled "Plan to make S pore hub of Arab trade", it was reported that the investments of the United Arab Emirates (UAE) outside the Middle East amounted to US$46B billion. This figure in fact represents the investments outside the Middle East of all
      67 words
    • Article
      SMEs' mission to Philippines clinches $500,000 sales
      290 2 A MISSION of small and medi-um-sized enterprises to the Philippines has secured sales of half a million dollars, with orders worth the same amount being negotiated. The vice-president of the Association of Small and Medium Enterprises (ASME), Peter 800, added that a further
      290 words
    • Article
      Chairman of Bukit Sembawang Estates dies at 73
      332 2 MR CHAN KUM CHEE, chairman of publicly-listed Bukit Sembawang Estates Ltd, died on Monday at the age of 73. Mr Chan, who was the founder of accounting firm Chan Kum Chee Co, first joined Bukit Sembawang as a director in July 1976.
      332 words
    • Article
      'Indian High Commission informed of illegal immigrants, over-stayers'
      246 2 THE GOVERNMENT has refuted claims by the Indian High Commissioner and New Delhi authorities that they were unaware of illegal Indian immigrants and over-stayers in Singapore. A joint statement by the Foreign Affairs and Home Affairs ministries yesterday set the record straight:
      246 words
    • Article
      MEMO PAD
      529 3 r Seminars and f WTd d CAHNERS EXPOSITION GROUP BHLV Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 J May 6-27 Super-Selling Your Way to Success NPB Training Rm Petemarketing Services *****00 May 11-12 Managing Your Job RGA Training Centre Roger Gill Associates Pte ltd *****60 May 11-12
      529 words
    • Article
      Conner to double investment
      452 3  -  $60m to make flagship plant a robotic factory of the future By JOCELYN TOH ONE OF THE world s leading manufacturers of disk drives. Conner Peripherals, will more than double its total investment in Singapore to $110 million by the end of the year. The US-based
      452 words
    • Article, Illustration
      One more Fendi outlet opens
      300 3 EYEING the Tanglin Road area, which is tipped to become a livelier tourist belt, luxury goods trader F J Benjamin has opened another boutique for its Italian high fashion label, Fendi, there. Occupying the corner unit vacated by Pizza Hut in Tanglin Shopping Centre, the
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    • Article
      Queen Elizabeth to visit S'pore in October
      156 3 BRITAIN'S Queen Elizabeth will visit Singapore later this year en route to Kuala Lumpur to open the Commonwealth Heads of Government Meeting. The Queen will be accompanied by her husband, Prince Philip, the Duke of Edinburgh. A Foreign Affairs statement said that Her
      156 words
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      Page 2 Advertisements Column 1
      314 2 T T > -v. es i. i ~r r j < «r-t A, -m '1' 1 iJt i 113 T J» T UL T L r—- jOu*-— ,4pb>ar n r, Ci v- >-V v jLi re*. r A ij- 6c SI J I|i I vJ V/J, 1 I Bfr.% V
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      156 3 Place an order for this month s speciality—Peking Duel?. An J you'll he serve J two courses. Pirst course is the crisp, delectahle skin. Garnished with a dash of sweetsavourv sauce, a stalk of spring onion and wrapped in pancake. Next, the tender meat is turned into another tantalising dish.
      156 words
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      Page 3 Advertisements Column 2
      36 3 -sftm m «MMi }-A 1 i m mr r." n m mm %> irf ..K^jgL 9m -ft "i $L BSPrliv? *£*> KES <Vf M m r-«w. til r >^sm CORNERS AT: METRO MARINA METRO PARAGON 00 ELITE S
      36 words
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  • ASIA-PACIFIC
    • Article
      Lock icon US lists trade grouses against Malaysia
      564 4 Import policies, investment barriers among issues raised Bernama THE UNITED STATES has listed its trade grouses against Malaysia in import policies, intellectual property protection, investment and service barriers in a US trade representative report. The United States Information Service (USIS) in Kuala Lumpur on
      Bernama  -  564 words
    • Article
      Lock icon Malaysia sees return of foreign property investors
      337 4 Bernama FOREIGN INVESTORS returned to the Malaysian property scene last year and their prime targets were commercial properties, said international property consultants Jones Lang Wootton (JLW). In its Asian property 1989 report released in Kuala Lumpur on Tuesday, Jones Lang Wootton said the
      Bernama  -  337 words
    • Article
      Lock icon Beijing ignores defiant students' talks deadline
      364 4 Reuter THE CHINESE GOVERNMENT yesterday rejected demands by defiant students for talks, brushing aside threats of further demonstrations and sealing off Beijing's central Tiananmen Square. Ignoring a noon deadline set by students for a positive response to their demands, government spokesman Yuan Mu ruled
      Reuter  -  364 words
    • Article
      Lock icon Japanese poll shows popular discontentment with politics
      203 4 AFP MOST PEOPLE are discontented with politics and criticise political corruption, but have little hope for the success of reforms attempted by the ruling Liberal Democratic Party, according to a Yomiuri Shim bun poll. The leading Japaneselanguage newspaper conducted the poll, covering 3,000
      AFP  -  203 words
    • Article
      Lock icon Pacific islands turn more to China, Japan
      581 4 AFP SOUTH PACIFIC island states are looking increasingly to China, Japan and other Asian countries for trade and economic aid rather than relying on Australia and New Zealand, officials in Suva say. They said Pacific countries were also hoping to draw more assistance
      AFP  -  581 words
    • Article
      Lock icon Japanese planning hotlines to help American businesses
      474 4 AP JAPAN'S Trade Minister has told US officials his government plans to open trans-Pacific hotlines to help American enterprises boost exports to his country. Hiroshi Mitsuzuka. Japan's Minister of International Trade and Industry. informed US Commerce Secretary Edward Mosbacher of the project on
      AP  -  474 words
    • Article, Illustration
      Lock icon Tough talk and conciliatory words from Najibullah
      737 4 AFP AFGHAN President Najibullah, in his first press conference since the Soviet troop withdrawal two and a half months ago, has described the situation in Afghanistan as "critical" but emphasised that his party was a force to be reckoned with. "Judge for yourself,"
      AFP  -  737 words
    • Article
      Lock icon Kathmandu, Delhi in for a long-drawn tiff
      348 4 AFP NEPAL AND INDIA, locked in a trade and transit dispute some see as a David and Goliath battle, appear to be prepared for a long confrontation that shows no signs of an early or easy settlement. Seven weeks after the dispute flared,
      AFP  -  348 words
    • Article
      Lock icon Nepal may seek UN help against India's blockade
      232 4 AP NEPAL'S ambassador to the United States said on Tuesday his country will continue expanding relations with China and might complain to the United Nations about economic pressure from India. A month-long cutoff of necessities from India causes great human hardship and
      AP  -  232 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      881 4 ARRIVALS Operator Service Local From number rime A IK UL454 0020 CMB S1A soon 0040 LAX/NRT kal KE697 0155 SEL tma TL35IB 0430 BEY/SHJ/KUL S4A SQ409 0520 MAA IAC IC555 0655 MAA SIA SQ407 0740 DEL SU SQ023 0755 AMS/ZRH SIA SQ411 0800 BOM MAS MH630 0920
      881 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      37 4 The businea penon'i choiot every Tuesday, Thur»day. Saturday and Sunday. Leaving CKanfi Airport at 22:05 hours and arnrin| Heathrow earl* the following morning. CM your Tnvri Agent or Air Cmtda ar T)JSSSS. A BREATH OF FRESH AIR
      37 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      89 5 A legendary watch TABBAII PKIDKS ITSKI.K <>\ I lI'I lON y DKDICATKI) TKAM KKO\l CRKATOK TO KAFTSMKN WHOSK SKIM. AM) "SAVOIR-KAIKK" I'ROIHCKI) SA(»A A I.KCKMURV WAI'CII yw J?* mm v: K 95i aui i/ ♦> I 1 *JTI *w mn&m V A A SAGA *****128 36 brilliants diamond bezel 18K
      89 words
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  • REST OF THE WORLD
    • Article
      Lock icon Trade war can be avoided, says American official
      329 6 Reuter A SENIOR US trade official said on Tuesday that a US law designed to single out countries that persist in unfair trade need not lead to a world trade war. Warren Lavorel, US coordinator for the Uruguay Round of world trade
      Reuter  -  329 words
    • Article
      Lock icon Bush pressures EC with wheat offer to Moscow
      362 6 Subsidies worth USs23sm for Soviet Union Reuter WITH HIS OFFER of subsidised wheat to Moscow on Tuesday, President George Bush has extended a helping hand to Soviet leader Mikhail Gorbachev and kept pressure on trade competitors. But the offer could combine with
      Reuter  -  362 words
    • Article
      Lock icon Canberra chides US move on wheat sales
      435 6 AFP AUSTRALIA yesterday criticised a US decision to continue subsidised wheat sales to the Soviet Union, and farmers in Canberra accused Washington of putting domestic politics before its international obligations. A spokesman for the department of foreign affairs and trade said Canberra found
      AFP  -  435 words
    • Article
      Lock icon Analysts see slowdown in US despite higher orders
      449 6 AP THE US GOVERNMENT has reported that orders to American factories for manufactured goods increased 0.7 per cent in March, but analysts saw signs in the report that the US economy was cooling off Orders for durable and nondurable goods rose to
      AP  -  449 words
    • Article
      Lock icon Dumping case verdict may mean duties on bearing imports
      177 6 AP THE US International Trade Commission has ruled that the domestic bearing industry has been harmed by low-priced imports. clearing the way for duties on certain imports from Europe and Asia. It was one of America's largest anti-dumping cases ever and
      AP  -  177 words
    • Article, Illustration
      Lock icon Thatcher increases criticism of EC moves
      443 6 FT MARGARET THATCHER on Tuesday stepped up her criticism of the workings of the European Community (EC), claiming the British government was deeply concerned about the volume of EC legislation. She also called for increasing vigilance in monitoring Commission initiatives. The British Prime Minister's
      FT  -  443 words
    • Article
      Lock icon EC considering minimum 10pc source deduction on capital gains
      366 6 AFP THE EUROPEAN COMMUNITY'S executive is considering proposing a minimum tax deduction at source on capital gains of 10 per cent instead of 15 per cent as first suggested, French Finance Minister Pierre Beregovoy said in Paris. Mr Beregovoy, in an
      AFP  -  366 words
    • Article
      Lock icon Hungary removes barriers at border with Austria
      466 6 UPI THE IRON CURTAIN went up in Hungary on Tuesday as workers began dismantling the electrified, double barbed-wire fence with Austria, creating the first border without barriers between East and West in 40 years The removal work by the Hungarian frontier guard began
      UPI  -  466 words
    • Article
      Lock icon Eighty nations back tougher moves to save ozone layer
      409 6 Reuter EIGHTY COUNTRIES have agreed to back stronger measures to save the Earth s protective ozone layer, including plans to ban production and use of damaging chemicals by the turn of the century. The countries, represented at a UN-sponsored conference in
      Reuter  -  409 words
    • Article
      Lock icon Swiss top list of labour cost
      76 6 AFP SWITZERLAND had the highest labour costs among industrialised countries last year, the West German Economic Institute said in a report published on Tuesday The average hourly cost of labour in Switzerland was U5518.27, ahead of West Germany with US$lB 20. the report showed.
      AFP  -  76 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      17 6 A Shod* Better Than The Reit #02-29 Singapore Shopping Centre 190, Clemenceau Avenue. 5'0923. TEL: 338-0956/453-6333 Fax:4s9-4668
      17 words
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      Page 6 Advertisements Column 2
      133 6 PROPERTIES AT AUCTION Is Pleased To Announce Its First Real Estate Auction May 25th, 1989 10:00 AM Chestnut Park Hotel, Toronto, Canada Properties featured in this Auction: ♦TORONTO: 2-Storey Retail/Apt. Building on Bloor at Christie ♦TORONTO: 2-Storey Retail/Apt. Building on Dundas at Bloor TIMMINS: 11-Unit Apartment Building fully rented TIMMINS:
      133 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      181 6 \£MJI Max/ Note Min (°C) 21/13 Roin 15/08 Clear 22/11 Cloudy 31/24 Cloudy 35/27 Sunny 29/24 Clear 30/15 Clear 21/13 Sunny 1 2/06 Cloudy 16/03 Cloudy 25/19 Cloudy unav 23/17 Rain 18/02 Clear 12/08 Cloudy 19/04 Clear 28/18 Cloudy 16/01 Cloudy 18/09 Cloudy 30/20 Cloudy 13/04 Clear 15/10 Cloudy 33/25
      181 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      40 6 Doonesbury AGEHCi 7 N a NO, OF THE COUNTRY. YO(J KNOUI, THS LEAVER OF FREE U/ORiV 7 OH, HIM... lstmbsee.. BY GARRY TRUDEAU UP 70 HIS EYE BALLS IN THE IRAN-CONTRA SCANDAL. OH. BOSH! eeoßee BUSH' K r vr> m
      40 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      666 7 BRITISH AIRWAYS FIRST CLASS HAS JUST BEEN RELAUNCHED. IN A FEW WEEKS WE'LL CHANGE THE CARPET AGAIN. And we change it again every twelve weeks thereafter. Not that it isn't superb wool carpet. It's simply that we understand and respect the needs and expectations of you, our First Class passenger.
      666 words
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  • MONEY AND EXCHANGES
    • Article
      Goverment Securities Market
      99 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months 8Q891 I7S 03.08.89 4.28 4.23 4.30 4.21 6 months BS*****N 27.08.89 4.25 4.20 1 year BY*****H 23.11.89 4.22 4.17 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate
      99 words
    • Article
      Forex markets
      1249 8 SINGAPORE: THE US dollar ranged between D-mark 1.8940/ 1 8885. yen 134.42/134.05, pound 1.6852/1.6780 and Singapore dollar 1.9563/ 1.9525, closing near the day's lows. The upside is limited with the US dollar near the psychological D-mark 1.90/ yen 135 level and with the central banks in the wings.
      1,249 words
    • Article
      Asian dollar market
      262 8 ASIAN DOLLAR deposit rates closed unchanged yesterday in quiet trading from the morning and dealers said they are awaiting the release of US April job figures tomorrow. The market is likely to remain dull as the dollar sentiment remains strong on Japanese investors' demand, dealers said. One
      262 words
    • Article
      Money markets
      67 8 THE OVERNIGHT RATE on the Singapore money market closed 3/8 point lower at 5 1/4 per cent yesterday. The threemonth rate was unchanged while the oneand two-month rates rose by 1/8 and 1/16 point respectively. S$ Interbank rates at the close yesterday: offer so Owniflhi 5 1/4 5
      67 words
    • Article
      IMM
      241 8 IMM CURRENCY FUTURES ended the session mixed on Tuesday, with yen and mark contracts erasing all the day's gains by the closing bell. A late round of central bank intervention by the Federal Reserve failed to discourage an additional dollar rally during the final moments of futures trading. Continued
      241 words
    • Article
      Comex gold/silver futures
      205 8 Gold futures on May 2 1989 100 troy ounces. USS per troy ounce Opon High Low Sottlo Mo y ***** 378.00 376.50 J77.80 -0.40 Jun 380 50 381.20 379.10 380.10 -0.60 M 382.30 060 Aug 384 40 385.30 383 70 384 60 -0.50 Oct ***** 390.50 389.00
      205 words
    • Article, Illustration
      World interest rates
      200 8 Indicate* the average of the prime lending rates ot 12 major banks in S'pore Interbank market rates (offer/bid) on May 3 US$ DM SWFC Yen 7 dciy* 9 7/8 9 J/4 7/8 11 J/4 6 J/8 6 1/4 7 6 7/8 4 1/2 4 3/8 1 mit>
      200 words
    • Article
      Lock icon Simex
      465 8 BA Futures JUNE Eurodollar futures yesterday opened 14 ticks higher at 90.05 on rumours that the Fed Tan book, to be released later last night, would show loss of momentum in the economy as well as on a sharp fall in crude oil which relieved inflation fears. Prices dipped
      BA Futures  -  465 words
    • Article
      Lock icon World Bank launches maiden bond issue in Hongkong
      251 8 AFP THE WORLD BANK has launched its maiden bond issue in Hongkong through Japan's Sanwa Bank to raise HK$5OO million (US$64 million), a Sanwa official said yesterday Sanwa s local merchant banking arm won the mandate to start syndicating on Tuesday the
      AFP  -  251 words
    • Article
      Options
      1318 8 CURRENCY FUTURES OPTIONS Wednesday, May 03, 1989 DEUTSCHEMARK (SIMEX) May M call* High LOW 52 53 54 55 San 30 2 CAB Ma High 94 r 88 puta Low 94 Salt CAB 15 94 185 51 53 53 54 55 56 Jun 88 calls High Low Salt Jur High
      1,318 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      52 8 FOR SALE BY TENDER 14th STOREY SIM LIM TOWER Prime office space Sale with vacant Freehold possession and One entire floor immediate Floor area of approx. occupation 8.407 sq ft CiOftifMl Date for tender 18th May 1989, 3.00 pm For tender documents, please contact Sole Marketing Agent Debenham Tewson City
      52 words
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  • BANKING AND FINANCE
    • Article
      Bank centre to help firms in international deals
      439 9  -  By HONG LEE TIAM CITIBANK has launched its International Corporate Centre (ICC) in Singapore to help companies in international cash management and settlement of international trade payments. The aim of this centre, according to the bank's officials, is to "make international financial
      439 words
    • Article
      Lock icon US$ will fall to 100 yen by end-1991: Feldstein
      269 9 Reuter MARTIN FELDSTEIN, a chief economist for former US President Ronald Reagan, reiterated his prediction that the dollar will fall and forecast it will reach about 100 yen by the end of 1991. Mr Feldstein, now a professor of economics at
      Reuter  -  269 words
    • Article
      Another record-breaking month for Eurodollar futures contract
      145 9 THE SINGAPORE International Monetary Exchange (Simex) last night announced another re-cord-breaking month for its Eurodollar futures contract. Total volume traded on the contract for April soared to 410,624 contracts, up 16 per cent from its previous record of 353,293 lots in March this
      145 words
    • Article
      Lock icon Police to investigate M$700m bank fraud
      216 9 Bernama THE OFFICIAL receivers of the Co-operative Central Bank (CCB), Hanafiah, Raslan and Mohamad (HRM), will lodge police reports and take civil action against more than 100 people alleged to have tried to defraud the bank of more than Ms7oo million. HRM receiver principal
      Bernama  -  216 words
    • Article
      Lock icon Japan should be cautious about raising discount rate: Murayama
      174 9 Reuter JAPAN'S Finance Minister Tatsuo Murayama said Japan should be cautious about raising its 2.5 per cent discount rate, a Japanese financial daily reported. In an interview with Nihon Keizai Shimbun on Tuesday, Mr Murayama said in response to a question
      Reuter  -  174 words
    • Article, Illustration
      Lock icon Sir Leon Brittan challenges US to open up banking market
      392 9 FT SIR LEON BRITTAN, European commissioner for financial services, has challenged the US to follow the EC's example and open up its banking market. In a speech to the annual conference of the US Bankers Association for Foreign Trade in
      FT  -  392 words
    • Article
      Lock icon Canberra to continue with tight monetary policy: Hawke
      192 9 Reuter AUSTRALIAN monetary policy will remain tight until there are clear signals the economy is slowing. Prime Minister Bob Hawke said. "We must continue tight monetary policy." a spokesman quoted him as saying. "He (Mr Hawke) said the signals are mixed, and
      Reuter  -  192 words
    • Article
      ABN managing $108m Tank Storage loan
      385 9  -  By QUAK HIANG WHAI TANK STORAGE Singapore a newly-formed joint venture owned by three major multinationals signed a $108 million package yesterday to finance the construction of a tank storage facility. According to an official from Algemene Bank Nederland, which is lead-managing the loan,
      385 words
    • Article, Illustration
      Lock icon US bankers to adopt Brady plan despite questions
      406 9 Reuter MEMBERS of the US Bankers' Association for Foreign Trade said important questions remain unanswered about the Third World debt plan proposed by Treasury Secretary Nicholas Brady, but the problem's urgency gives them little choice but to try a fresh approach. Political
      Reuter  -  406 words
    • Article
      Lock icon France agrees to US$10m grant for ADB
      179 9 UPI FRANCE has approved a US$lO million grant fund to the Asian Development Bank (ADB) to finance projects under its technical assistance programme, the bank announced on Tuesday. The grant will be implemented under a channel financing agreement signed in Beijing on Tuesday
      UPI  -  179 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      127 9 FOR SALE EN BLOC BY TENDER CLAYMORE POINT-SINGAPORE Prime Freehold Locution: 8 Claymore Hill Tender Closing Dote: 4pm 4 May 1989 New 25-storey retail/residential building Situated on Claymore Hill in Singapore's Orchard Road shopping district m JZ Close to Holiday Inn Hotel, Royal Thai Embassy and American Club Total net
      127 words
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      Page 9 Advertisements Column 2
      33 9 Moscow Narodny Bank Limited m *SS m&Sm SK «-Tva m m .li*' I Moscow Ni and tol Sin in Moscow to clien a internal ar 93 mm ITER! Bgy [Si ■fSTTra RRSI filffi
      33 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Singapore tops regional advertising competition
      475 10  -  Republic bags 22 general awards, 11 'Best' titles By GENEVIEVE CUA SINGAPORE scored a resounding success once again in the annual Asian Advertising Awards hosted by the regional publication Media in Hongkong last week. The Republic topped the creative race with a total awards booty
      475 words
    • Article
      Epson spends $1.3m to enhance its image as PC maker
      356 10  -  By JOHN TAN REMEMBER the television commercial in which a man struggles across the desert to find an Arab in a tent working furiously away on a computer? The Arab was working on an Epson computer, and the advertisement was
      356 words
    • Article, Illustration
      Mercedes Benz and BMW swop approaches in media campaigns
      665 10  -  by GENEVIEVE CUA THE TWO West German giants in the luxury car market, Mercedes Benz and BMW, appear to have traded places in the latest round of their media battle for the pocket books of rich Singaporeans. While Benz has veered
      665 words
    • Article
      Hyatt Regency moves into dinner jazz
      446 10  -  By MARTIN SOONG PRODUCT differentiation, the marketing and business school experts call it. Basically. it means selling a product or service that sets itself apart from the competition. and creates a whole market segment of its own. The Hyatt Regency hotel has always enjoyed
      446 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      360 10 THE NEXT GENERATION COMPUTER THE CAMBRIDGE ZBB A TRUE PORTABLE! NO DOS, NO DISKS! I SIZE: Approx. A 4 pad size. Less than 1 inch thick. Weighs approx 2 lbs. RAM: 32K expandable to over 1 MB (enough room for 450 typed A 4 pages) STORAGE: Eprom packs DISPLAY: Bright,
      360 words
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      Page 10 Advertisements Column 2
      376 10 rjr\ MANILA '89 r%fiT\ WIDE OPEN WORLD BUSINESS WITHOUT BARRIERS PROMOTING BUSINESS THROUGH COMMUNICATIONS 23-28 October 1989 A 5-day Programme Assess for yourself how global, political and economic trends will affect the growth of your business in emerging markets Build your business in emerging markets through more effective promotion and
      376 words
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  • COMMODITIES
    • Article
      Precious Metals
      289 11 HONGKONG: Gold closed slightly lower in moderate trading yesterday on selling by US investors. Dealers said shortcovering by American and Swiss traders pushed gold up against its open and there was support at US$376. According to dealers, there would be followthrough short-covering in New York and the metal
      289 words
    • Article
      Palm Oil
      446 11 MALAYSIAN CRUDE PALM OIL FUTURES closed higher in moderately active trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said prices opened higher following a steadier Chicago Board of Trade overnight and moved within narrow margins. Thereafter, prices went on an upward path on speculation of lower stock
      446 words
    • Article
      Soybean
      240 11 CHICAGO Board of Trade soybean futures retraced some of Monday's gains to close 1-1/4 to five cents per bushel lower in moderately light trade on Tuesday. July settled at US$7.4l. Forecasts for widespread rains across the mid-west over the next week to 10 days, which would help recharge soil
      240 words
    • Article
      Wheat
      253 11 CHICAGO Board of Trade soft red winter (SRW) wheat futures recovered late in sympathy with strength in Kansas City wheat to close three to 1-1/2 cents per bushel higher on Tuesday. Rumours that the Soviet Union will be offered 1.5 million tonnes of US wheat under the export enhancement
      253 words
    • Article
      Lock icon Malaysia cuts export duty on rubber, pepper
      144 11 Reuter MALAYSIA says it has cut the export duty on rubber and white pepper. Rubber's export duty has been cut to 7-7/8 cents a kg from 9-4/8 cents in April, effective Tuesday. The gazetted price fell to 269-2/8 cents a kg from 277-3/8.
      Reuter  -  144 words
    • Article
      Rubber
      275 11 SINGAPORE: Rubber prices closed sharply lower yesterday with June 1 RSS buyer quoted at 196.50 cents a kg, down four cents from Tuesday's close. Dealers said prices eased further in the afternoon on some overseas selling of forward positions and a lack of consumer interest. Trading was thin and
      275 words
    • Article
      RAS and MRELB
      271 11 RAS prices in S cents/kg, FOB In bale* NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 200.50 201.50N 199.00 200.00N lot 1 RSS June 89 198.00 199.00 196.50 197.50 bt 1 RSS July 198.00 199.00 196.50 197.50 Int 2 RSS OP 194.00 196.00N 193.00 195.00N
      271 words
    • Article
      Lock icon Crude Oil and Products
      165 11 Telerate FUEL OIL indications yesterday were un-changed-to-slightly lower from the previous day. Cargo-sized trade remained thin with only 15-20,000 tonnes of CST--180 reportedly sold at US$lOl-US$lO2 tonne cif Sing. However, more activity was seen in the bunker trade Even so. traders felt prices would soften later
      Telerate  -  165 words
    • Article
      Lock icon Crude oil falls below US$20 a barrel
      440 11 Reuter CRUDE OIL PRICES tumbled 86 cents to close below the US$2O mark on Tuesday on news that Saudi Arabia, the world's biggest oil exporter, pushed up its output last month to take advantage of the recent boom market. The leading June contract
      Reuter  -  440 words
    • Article
      KL Tin
      187 11 LACK OF fresh buying demand in a quiet Europe saw the Kuala Lumpur Tin Market (KLTM) tall 17 cents to M 528.26 a kg yesterday. Higher offerings of 107 tonnes against bids of five triggered early speculative selling in quiet trading, brokers said. "Fundamentally the market is strong
      187 words
    • Article
      SSR and SMR
      82 11 (canti/kg) JUNE 1989 JULY 1989 (current month) (forward month) RAS NOON NOON tvy*rt Sdlm SSB 20 173.00 175.00N 173.00 175.00N SSB 50 171.00 173.00N 171.00 173.00N MRELB (uy*r« S«n«r> Buy«rt S*ll*r$ SMR CV 275.00 277.00N 277.00 279.OON SMR L 276.00 278 OON 278.00 280 OON SMR 5
      82 words
    • Article
      Produce Prices
      197 11 Chinese Produce Coconut oil (M|/ 100kg) Exchange New drums 155.00 Sellers' noon doting price* on 2nd hand drums 149.00 May 3 (SS/100 kg) Bulk 140.00 Coconut oil local in bulk 137.00 Bulk FOB 103.00 Copra (m$/i ookg) Old drum FOB II 3.00 No 1 (estate) New dium FOB
      197 words
    • Article
      London Markets
      267 11 London Commodity Exchange Buyer/Seller closing prices on May 2 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Moy 1160/1170 (1160/1162) High/Low 1158/1139 July 1115/1120 (1108/1109) High/low 1115/1087 Sales (2387) Cocoa May 726/727 (723/724) High/Low 730/718 July 749/750 (743/744) High/Low 752/737
      267 words
    • Article, Illustration
      Lock icon Outlook for diamonds industry encouraging, says De Beers
      680 11 AFP PROSPECTS for the diamond industry in 1989 are encouraging, although the rate of increase in retail sales may slacken later in the year, the chairman of South Africa's De Beers diamond mining conglomerate said in his annual report released in Johannesburg
      AFP  -  680 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      50 11 SHA G K I -L I \T K K T I (I L 1 IN KUALA LUMPUR WIIKKK KLSK BUT TIIK SHANOkI-I.A One of the world's finest hotels. Shangri-La hotel SHANGRI-LA INTERNATIONAL: SINGAPORE 235 1)11 SHVM.iI LA IVmi>ATIO*AL HOTELS a* KSOm < HINA Mil MOM. MNC• MAIAIMA MM.<»>ltl (H All
      50 words
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      Page 11 Advertisements Column 2
      110 11 An Invitation to Attend an MBA Talk Dr Rene Samson. Head of the Graduate Studies Department wit! be in Singapore to conduct an information and recruitment talk and also to meet prospective candidates tor our Master of Buaineaa Administration programmes in Industrial Policy and in Accounting and Finance Date 8
      110 words
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  • PERSPECTIVE
    • Article
      We must work for mutual trust
      504 12 BUSINESS TIMES THURSDAY, MAY 4, 1989 ON THE TRADITIONAL DAY honouring workers, the common theme May Day messages by both government and labour leaders was the need for employers to maintain the climate of trust which saw workers making sacrifices during the last recession
      504 words
    • Article
      Standing guard over HK exchange
      2099 12  -  Some 17 months after the formation of a committee to look into the operation and regulation of the securities industry, a new regulatory body is finally in place in Hongkong. Providing for a two-tier regulatory mechanism, the measure has provoked much heated debate in the
      2,099 words
    • Article
      A sampling of Asean views of Singaporeans — warts and all
      998 12  - A sampling of Asean views of Singaporeans warts and all By SEAH CHIANG NEE THE EIGHTIES are changing us. And the effects are more far-reaching than many Singaporeans realise. The reason for it. we are told, is that life is fast, and that we are too close to the action
      998 words
    • Article
      Lock icon East Germany turns to foreign labour
      852 13  -  Emigration and falling birth rates have forced East Germany, already the most prosperous in the socialist bloc, to resort to importing labour. CAROL WILLIAMS looks at how both guests and host benefit from this move. CAROL WILLIAMS AP WITH THE LONGEST standard work week
      AP  -  852 words
    • Article, Illustration
      Lock icon Rodriguez: Coup leader who promises democracy
      480 13 AFP GENERAL ANDRES RODRIGUEZ, who claimed victory in Paraguay's presidential elections, has come a long way in the three months since overthrowing Latin America's longest ruling dictator. "We are going to try to be tolerant and respectful of all of our brothers to defend
      AFP  -  480 words
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      Page 12 Advertisements Column 1
      448 12 ASEAN ECONOMIC SURVEY Challenges Facing Asean Any slow down in the United States and other industrialised countries this year will affect Asean. A modestly slower pace suits Singapore'spolicy-makers just fine a second year of double-digit expansion could overheat the local ecomony. Still, Asean nations will have to work to maintain
      448 words
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  • Page 13 Advertisements
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      176 13 r H-4 k M f s V-- H' c T T r I rrrr rr rr .jijiaAi.. vt' Viin "i Ml TTJTTTTTT 1111 I I I i '-i M 1 i i a a 4aa Suc- Z 1 2 2 •i xJk- MINNEAPOLIS/ ST. PAUL I! I n LOS ANGELES
      176 words
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  • LEISURE
    • Article, Illustration
      Lock icon Danish director tackles Allende's novel
      811 14 CINEMA Reuter DANISH FILM DIRECTOR Bille August has turned from portraying poor immigrants in Denmark in his Oscar-winning Pelle The Conqueror to the chaos and upheaval of the 1973 coup in Chile. After his powerful portrayal of Swedish immigrants in Denmark in the 1890s, August
      Reuter  -  811 words
    • Article, Illustration
      Lock icon Maggie's Mr T is a shrewd operator
      510 15 PERSONALITIES AFP QUEEN VICTORIA had her Albert. Margaret Thatcher has her Denis. The husband of Britain's first woman Prime Minister has always kept a low profile, but is generally credited with being a steadying influence, the ample provider who supported his wife to
      AFP  -  510 words
    • Article
      Lock icon Jackson Pollock painting sold for record US$11.6m
      275 15 AUCTIONS Reuter THE MOST IMPORTANT of American artist Jackson Pollock's "drip" paintings was sold at a New York auction on I Tuesday night for U5511.55 million, a i record for the artist, in bidding that jumped US$5OO,OOO at a time. Number 8, 1950,
      Reuter  -  275 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      247 14 COURVOISIERXO-WHERE ID ENTEIT4IN ONE GOOD REASON TO LUNCH AT THE PALM GRILE IS OUR APPE TISER BUFFET ANOTHER IS THE CHOK E OK MAIN COURSES. w For between $26 and $40+ you can select from our appetiser CjKILI. buffet including seafood, smoked salmon and oysters. Choose from many lavish main
      247 words
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      Page 14 Advertisements Column 2
      197 14 SUS i i t <&> mire COURT HOTtL SINGAPORE be lady uith a golden iviceJ jsten to her sinking your favourites from pop to country lies tern ami evergreens. Cafe Boidetard: 7 .iop.w. lAHia.m. Friday -Salurda) Ett of holiday 7. iOp.m. J.OOa.iu. I, Ro.ul. Singapore 1021. Tel: 7.571 lax 7W242
      197 words
    • Advertisement
      Page 14 Advertisements Column 3
      237 14 FASHIONABLY HYATT Join the fashion-conscious every Thursday and Friday (3 6pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus, show at $11.50* per person.
      237 words
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      Page 14 Advertisements Column 4
      204 14 Hainanese Buffet 1 15 May There's more to Hainanese food than just i chicken rice. Try pork chop, mutton stew, satay with pineapple sauce and other Hainanese favourites. Lunch or Dinner Adults: $14.50 Children: $9.00 Cafe Plaza Plaza Hotel SI"G APO#t Beach Road. Singapore 0719 Tel *****11 I V./7 Temptations
      204 words
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      Page 14 Advertisements Column 5
      217 14 (QvtWvi fa *Mgrxye May 14, '89 m m H/ vl 1 fVC 111 •c r Mother's Day Special Buffet Lunch Live entertainment The latest fashions from top boutiques Special numbers by Production D'Orient dance troupe Songs dedicated to Mum Lucky Draw for Mum. Win a beautiful jewellery set. National home
      217 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      210 15 <» <• <• Slf/ Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for every drink you order you get your next FREE. And bottle purchases are at 25% less There's no happier time to enjoy your favourite drinks and some
      210 words
    • Advertisement
      Page 15 Advertisements Column 2
      42 15 ;v. /I < >NfoC X M XO CQURyoiSIER COGNAC j a nn6es d« vietllissement en furs dechfrieont 6t6 n&ressaires pour obrenirU subtler la finesse de ce Cognac. PRODUCE OF FBAMQ h A ***** rf r *>. V.; •';v 5T s sr >: XO COURVOISIER COGNAC
      42 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      672 15 12 13 4 25 26 27 CRYPTIC PUZZLE ACROSS 1 Best of the bunch? (6) 7 Scope for travel all over the country (8) 8 Double figures, nominally (4) 10 Thus I showed the way to get dirty (6) 11 It's best if returning home (6) 14 Catch some fine
      672 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1301 15 TV and RADIO P OUR CHOICE THURSDAY FEATURE SPECIAL: P K And The Kid, 10.30pm, Channel 5 Molly Ringwald stars as P K, an abused teenager who runs away from her stepfather. Her flight is accompanied by Kid Kane (Paul Lemat), a factory-hand who aspires to be a champion arm-wrestler.
      1,301 words
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  • SPORTS
    • Article, Illustration
      BBSM hopes to score a hit with basketball
      504 16  -  BASKETBALL By CHARLES SAVAGE BJORN BORG SPORTS Management (BBSM) may do for basketball what it has done for tennis generate more interest in the sport. Paul Naruse, BBSM s managing director, and George Soon, BBSM's manager here, have begun negotiations with the
      504 words
    • Article, Illustration
      Lock icon Jabbar to lead American team on tour of Asia, Australia
      297 16 AP KAREEM ABDUL JABBAR wilt lead a team of American basketball stars on a tour of Australia and Asia in July, promoters Advantage International said on Tuesday. The Los Angeles Lakers centre, who will end his 20-year National Basketball Association
      AP  -  297 words
    • Article
      Wanted: new generation of players and viewers
      535 16  -  by Charles Savage BASKETBALL, the second biggest spectator sport, second only to football, is looking for ways to stir up interest among younger Singaporeans. About 70 per cent of the audience at basketball games is over 50 years of age and many of
      535 words
    • Article
      A circuit which Singaporeans can call their very own
      336 16  -  TENNIS By A SURENDREN BJORN BORG's tennis scheme carries on, with the first advanced singles and intermediate doubles of the Team Borg Grand Prix Challenge from today to Sunday at the Singapore Tennis Centre. This follows from the open and intermediate
      336 words
    • Article
      Lock icon Edberg wins, Connors loses in Nabisco
      147 16 AP WIMBLEDON CHAMPION Stefan Edberg of Sweden defeated Soviet player Andres Vysand 6-3, 3-6, 7-5 on Tuesday in the second round of the U*****,000 men's Nabisco tennis tournament in Munich. In another second-round match, second-seeded American Jimmy Connors lost to clay court specialist Martin
      AP  -  147 words
    • Article, Illustration
      Lock icon Rain thwarts victory by West Indies
      398 16 CRICKET AFP WEST INDIES was just 27 from certain victory when rain halted play on the fourth day of the fourth and final Test against India at Sabina Park, Jamaica, on Tuesday. Fast bowlers Courtney Walsh and lan Bishop routed India's fragile batting for
      AFP  -  398 words
    • Article
      Lock icon 'Ben's doctor expressed concern'
      394 16 THE BEN JOHNSON INQUIRY AP BEN JOHNSON'S doctor was concerned the sprinter might have taken pills on his own before failing a drug test at the Olympics last autumn, a Toronto inquiry was told on Tuesday. Carol Anne Letheren, who headed the Canadian Olympic delegation to
      AP  -  394 words
    • Article
      Lock icon Can Easy Goer live up to its status?
      182 16 HORSE-RACING UPI IN THE *****, it was almost automatic: win the two-year-old championship and win the Kentucky Derby. In the 1980s, the exact opposite has been the case. Should Easy Goer live up to his status as the 3-5 early favourite on
      UPI  -  182 words
    • Article
      Lock icon Still stylish after all these years
      483 16 MOTOR-RACING NYT SLIDING his 1955 silver Mercedes 300 SL Gullwing through another slippery hairpin on the Apennines's Futa Pass, Stirling Moss downshifted into third and nipped inside the blood red 1932 Alfa-Romeo. The legendary Moss, celebrated as "the greatest racing driver never to win
      NYT  -  483 words
  • Page 16 Miscellaneous
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon UIC seems to be making an investment for the future
      667 17 'MMM By HOCK LOCK SIEW UNITED INDUSTRIAL Corporation Ltd may have finally hit on the right formula to excite its shareholders when it announced its latest proposed $81 million acquisition of a 9,348-sq-m plot of land behind the Paragon In
      By HOCK LOCK SIEW  -  667 words
    • Article
      Debt provisions drag Johan, George Kent into the red
      516 17  -  By MAGDALENE NG HUGE PROVISIONS for doubtful debts have resulted in sharp losses for Johan Holdings Bhd and subsidiary George Kent (M) Bhd for the year ended Jan 31, 1989. Johan's group net loss amounted to Ms7.B million against a previous
      516 words
    • Article
      Lock icon Uniphone eyeing Thai deal
      345 17 MBT UNIPHONE Telecommunications (formerly Malayan Cables) is believed to be eyeing a big payphone contract in Thailand, according to industry sources On another front, the sources also say that a Japanese group has expressed interest in acquiring a stake in Uniphone They point out that Uniphone
      MBT  -  345 words
    • Article
      SES revises list of marginable counters
      241 17  -  By ANDREA BORCH THE STOCK Exchange of Singapore (SES) has dropped 37 stocks and added 13 issues to its list of marginable securities. Effective immediately, investors can use the stocks, loan stocks and TSRs of the companies on the list for margin accounts. Through
      241 words
    • Article
      CityDev takes 30pc Fortress Tower stake
      325 17  -  By ELAINE KOH CITY DEVELOPMENTS Ltd is taking a 30 per cent stake in Fortress Tower, a commercial building in Hongkong sold last December by the Hong Fok group for HKJ7OO million. The 24-storey Fortress Tower was acquired by Taikoktsui Investment Co, a joint
      325 words
    • Article
      COMPANY BRIEF
      52 17 SINGAPORE LAND has received responses from its subsidiaries, Shing Kwan Investment Co Ltd and Shingkwan Investment (Panama) SA on earner queries by the SES on the aborted Gateway deal It said in a letter to the SES it will spell out the details after a board meeting on
      52 words
    • Article, Illustration
      Registrar to examine trading in MPHB shares
      675 17  -  Malaysian stockbrokers asked to provide details By WILLIAM CHIA RESPONDING to a complaint from Multi-Purpose Holding Bhd (MPHB) to the Panel on Takeovers and Mergers, the Registrar of Companies (ROC) in Malaysia has ordered stockbroking companies to provide details of trading in MPHB
      675 words
    • Article
      Lock icon Alex Lee and family-owned companies named as defendants in Roxy writ
      644 17 MBT MALAYSIAN Deputy Agriculture Minister Oatuk Alex Lee and his family-owned companies have been named as defendants in a legal proceeding taken by the present board of Roxy Electric Industries (M) Director Wong Swee Min said yesterday that judging
      MBT  -  644 words
    • SES
      • Article, Illustration
        Bullish mood propels market to third consecutive post-Crash high
        771 18  -  by HERMAN PHUA SPURRED BY STRONG bullish sentiments, the local stock market continued its rise to hit its third consecutive post-Crash high yesterday. The Straits Times Industrials Index surged 18.92 points to finish the day at 1,284.87 while the Business Times
        771 words
      • Article
        Unit trusts
        335 18 Managers' prices for May 4 UOB Management Unifund 1 17 1 17 Singapore Unit Trust The Commerce II4 1 21 Unibond 1015 1 04 MARA-Bumiputra The Savings Food 097 103 First B putro 7 62 767 S'pore Prog fund 044 048 Second B'putra 6 55 6 60 Spore
        335 words
      • Article
        APPROVED ISSUES
        136 18 Company RIGHTS ISSUE D C Bonk One for two JO 75 par shore E« dot* Morch 9 Books clow. Marin 23 Acceptance r'oyinenl Moy 5 George Town Three for two $1 00 par shore Ex dote Morch 13 Books close Morch 28 Acceptance Payment Moy 12 Guthrie GTS
        136 words
      • Article
        PROPOSED ISSUES
        363 18 Company RIGHTS ISSUE Alcom Three-for one M$080 Ayer Hi torn Tin One-for one $1 10 per shore Berioya Corpn One tor one $1 00 par per shore C 1 Holdings 27 million loon stocks in the ratio ol 13 loon stock tor every five ordinary shares hetd Causeway
        363 words
      • Article
        COMPANY MEETINGS
        122 18 STRAITS STEAMSHIP COMPANY LTD: AGM at the Straits Room, 10 Collyer Quay #29-00. Ocean Building, Singapore 0104, today at 11.00 am. THE DBS BANK LTD: 21st AGM at the Board Room, 46th Storey, DBS Building, 6 Shenton Way, Singapore 0106, on Tuesday May 9 at 11.00 am. FAR
        122 words
      • Article
        SES SHARE INFORMATION
        6260 18 1989 High Low Tel Code Company Last Sale MAY 03 orVol ('000) Day High Low Last Quote Buyer Seller Gr's Div Div C'vr Gr's Y'ld Net P/E M Cap $mll SESDAQ 168 93 180 70% 94 100 101 82% 190 91% 104 141 100 87% 120 t
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    • KLSE
      • Article, Illustration
        Lock icon Buoyant trading in KL
        3653 19 MBT CONDITIONS remained buoyant at the Kuala Lumpur stock market yesterday and share prices were chased to higher levels. Buying was especially strong in the afternoon. A broker said the market is poised for a rally after last week's consolidation. He said demand from foreign investors
        MBT  -  3,653 words
    • REGIONAL MARKETS
      • Article
        Lock icon Petronas signs output sharing contract
        108 20 AFP MALAYSIA'S national oil company. Petronas, has signed its first production sharing contract with an Australian company. A Petronas statement on Tuesday said Western Mining Corp Ltd and Petronas subsidiary Petronas Carigali Sdn Bhd will jointly develop a 9.550-sq-m block off north-eastern Trengganu state. The
        AFP  -  108 words
      • Article
        Lock icon Time running out for Australian car industry
        462 20 AFP THE AUSTRALIAN car industry, slowed by poor quality, low productivity and high prices, is running out of road in its bid to catch up with foreign competitors, officials in Sydney said yesterday. Exports are down, imports are up and the industry has
        AFP  -  462 words
      • Article
        Lock icon Bond Corp hits out at lowering of credit rating
        410 20 FT BONO CORPORATION, the beleaguered Australian conglomerate, has reacted sharply to the further downgrading of its credit rating from "B" to "CCC". The rating is the second lowest category used by local agency Australian Ratings, and has been extended to Bond
        FT  -  410 words
      • Article
        Lock icon CRA sees strong position for growth and acquisitions
        464 20 Reuter AUSTRALIAN resources group CRA Ltd is in a strong position tor acquisitions and growth in ail operations after an exceptional year in 1988. Chairman John Uhrig and managing director John Ralph said on Tuesday that CRA's debt to equity gearing had
        Reuter  -  464 words
      • Article, Illustration
        Lock icon Stocks stronger
        539 20 Australia Reuter A WAVE of enthusiasm for industrial stocks yesterday led the Australian share market to a stronger close. The All Ordinaries index was 12 4 points higher at 1.504.3 by the close of floor trading. Brokers said a herd mentality gripped the market during the afternoon as
        Reuter  -  539 words
      • Article, Illustration
        Prices close virtually unchanged
        1412 20 Hongkong HONGKONG share prices closed virtually unchanged yesterday after a seesaw trading day with attention focused on political developments in China, brokers said. The Hang Seng index dropped a mere 1.15 points to 3.155.22 after fluctuating between 3,139 and 3,171. The Hong Kong Index dropped 0.86
        1,412 words
      • Article
        Lock icon New Zealand: Market up
        202 20 Reuter THE NEW ZEALAND share market rose through 2,000 points in active trading yesterday, propelled largely by interest in sec-ond-line stocks. Brokers expect the market to be steady to slightly firmer today. The brokers said the strength of the second-lin-ers meant the Barclays index's 7.89-point rise
        Reuter  -  202 words
      • Article
        Lock icon Seoul: Stocks slump
        205 20 Reuter SEOUL STOCKS slumped across the board yesterday on investor anxiety over news that six policemen were killed in a raid on student radicals, the bloodiest incident in recent years "The market is already depressed as it is." said Kim Oong-yul, a broker at Daewoo Securities Co.
        Reuter  -  205 words
      • Article
        Lock icon Bombay: Institutional support
        194 20 Reuter SCATTERED BUYING by state-owned financial institutions helped Bombay shares close mixed in moderate trading yesterday. brokers said. They noted that the market opened lower following Tuesday's steep fall as the possibility of early elections sparked renewed long liquidation. "The market is worried about political developments and
        Reuter  -  194 words
      • Article
        Lock icon Bangkok: Index up
        160 20 Reuter THE Securities Exchange of Thailand Index rose 9.31 points to 511.14 yesterday on turnover of 13,669,269 shares worth 1,418.77 million baht. MAY 03 BAHT Ao Kham Thai 430 6 Ayudhya Investment 3775 unch Bangkok Agro-lnd 72 unch Bangkok Bank 285 6 Bank 0< Ayudhya 340 -2
        Reuter  -  160 words
      • Article
        Lock icon Taipei: New record
        458 20 Reuter TURNOVER on the Taiwan stock exchange hit a record yesterday for the second consecutive day as nervous investors pushed the index to a lower close after a day of frantic trading, dealers said. The weighted index lost 113.66 points, or 1.36 per cent, to close at
        Reuter  -  458 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Shares lower on profit-taking
        810 21 New York Reuter PROFIT-TAKING and an earnings disappointment in a widely-followed stock contributed to a lower close on Wall Street on Tuesday, traders said. Selling accelerated in the final hour, with some programme trading activity adding a little fuel to the downward move. The Dow Jones
        Reuter  -  810 words
      • Article, Illustration
        Lock icon Equities open down
        1018 21 London Reuter LONDON share prices opened lower yesterday, below the psychological 2,100-level on the FTSE index, in lacklustre business after Wall Street's 12point loss on Tuesday. Dealers said the market was likely to drift lower due to a lack of interest in a market starved of important
        Reuter  -  1,018 words
      • Article
        Selected indices
        116 21 HONGKONG Hongkong Index Wednesdoy 2.085 11 Tuesday 2.***** Week ogo 2.***** Hang Seng Index Wednesday 3.1 55 22 Tuesday 3.166 37 Week ago 3.***** All Industrials Wednesday 2.486 9 Tuesday 2.4615 Week ago 2.426 2 NEW YORK Dow Jones Tuesday 2.***** Monday 2.414.95 Week ogo 2.386 91 TOKYO
        116 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1477 21 Reuter MILAN: Italian shares rebounded and wiped out losses at the opening to end slightly higher yesterday. but volume remained low at around 100 billion lire in a featureless market, brokers said. The MIB index edged up 0.10 per cent to end at 1,029 Demand for blue
        Reuter  -  1,477 words
      • Article
        Lock icon Texas Air suffers bigger losses
        453 21 Analysts see hope for Continental NYT TROUBLED Texas Air Corp. the parent company of Eastern and Continental Airlines, has reported worsened losses for its first quarter, but analysts found hope in Continental's earnings in spite of a continuing strike and mounting losses at Eastern. While
        NYT  -  453 words
      • Article
        Lock icon Daimler renews push for its MBB takeover
        437 21 FT DAIMLER-BENZ, the giant West German motor conglomerate, has lodged a formal bid to overturn the Federal Cartel Office s rejection of its takeover of Mes-serschmitt-Bolkow-Blohm (MBB), the country's largest aerospace group. A 50-page letter sent by Daimler to Mr Helmut Haussmann, the
        FT  -  437 words
      • Article
        Lock icon Pepsico's first quarter up 46pc
        442 21 NYT PEPSICO INC, which has been recently riding a wave of consumer favour, said first-quarter earnings rose 46 per cent to U*****.1 million, or 62 cents a share, up from U*****.3 million, or 43 cents a share a year earlier. Sales rose 19 per cent
        NYT  -  442 words
      • Article
        Lock icon Japan's biggest foreign deal about to go to Bechtel
        275 21 NYT BECHTEL GROUP, the construction and engineering giant, is on the verge of clinching the largest contract ever awarded to a foreign company in Japan. The contract is valued at US$3OO million to US$375 million for helping the Fujita Corp, a
        NYT  -  275 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      390 17 SINGAPORE'S PREMIER WATCH BOUTIQUE REPUBLIC NATIONAL BANK OF NEW YORK A subsidiary of REPUBLIC NEW YORK CORPORATION Consolidated Statements of Condition (In Thousands) March 31, Liabilities and Stockholder's Equity March 31. 1989 1988 Cash and due from banks Interest bearing deposits with banks Precious metals Investment securities Trading account assets
      390 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      444 20 The most up-to-date Bahasa Melayu Baku primer IKKOI 1 x*»* With an English-Indonesian-Malay glossary. Available at all good bookshops II I'iibllshed bt) STP Distributors TIMES 2 Jurong Port Road, Singapore 2261 lOCS NTfruT'OAl Times Publishing Group NOTICES THE COMPANIES ACT, CAP. 50 CREDITORS' VOLUNTARY WINDING UP NOTICE OF APPOINTMENT AND
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      Page 20 Advertisements Column 2
      166 20 THE COMPANIES ACT, CAP. 50 CREDITORS' VOLUNTARY WINDING UP NOTICE OF APPOINTMENT AND SITUATION OF OFFICE OF LIQUIDATORS Name of Company: Big Boy Travel Pte Ltd Company No: 2451/1978 We, Don M Ho and Wee Aik Guan of Deloitte Haskins Sells, Nric nos *****68-E and *****56-J hereby give notice that:
      166 words
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      Page 20 Advertisements Column 3
      298 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 GANTUAN INVESTMENTS PTE LTD {MEMBERS VOLUNTARY LIQUIDATION) At an Extra-Ordinary General Meeting of the Members of GANTUAN INVESTMENTS PTE LTD, duly convened and held at 5001 Beach Road #07-24 Golden Mile Complex. Singapore 0719 on the 28th day of April 1989,
      298 words
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      Page 20 Advertisements Column 4
      3 20 CHARTPOINT EVERY SATURDAY
      3 words
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  • Page 21 Advertisements
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      107 21 r NEW INTERNATIONAL EXECUTIVE BUSINESS CENTRE OPENING THIS MONTH IN RAFFLES PLACE Receptionist, Executive Secretary, Telex, FAX Video Conference Room. Your office will be designed to fit your individual needs. Contact Mr Thomas Telephone: *****73 This announcement appears as a matter of record only TANK STORAGE SINGAPORE PRIVATE LIMITED A
      107 words
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  • Article, Illustration
    Cecil Court to be put up for sale by tender
    470 22  -  Proceeds of $90m expected from sale of building By ELAINE KOH CECIL COURT, an 18-storey building developed by the Jauw family of Indonesia, will soon be up for sale by tender in an increasingly bullish property market. With a net
    470 words
  • Article
    Lock icon South Korean policemen die in rescue bid
    122 22 Reuter SIX SOUTH KOREAN policemen were killed yesterday during a dawn raid to free colleagues held by student radicals in the south-eastern city of Pusan when the students set fire to a campus building. A police spokesman in Seoul said that most died
    Reuter  -  122 words
  • Article
    Lock icon Export slowdown leads to S Korean emergency meeting
    293 22 Reuter SOUTH KOREAN officials yesterday held emergency talks on labour unrest, inflation and international trade pressures which have put the brakes on surging economic growth. One official said that South Korea faces an "economic crisis" which threatens growth targets. The government hastily
    Reuter  -  293 words
  • Article, Illustration
    Takeshita, PM to discuss Japan's economic role
    331 22  -  By MARTIN SOONG WITH NO OUTSTANDING issues dogging bilateral relations between Japan and Singapore. Japanese Premier Noburu Takeshita is expected to discuss his country's role as a catalyst in developing the regional economies, a favourite theme of Prime Minister Lee Kuan Yew, when
    331 words
  • Article
    Lock icon Higher wages
    41 22 Reuter US HOUSE and Senate law-mak-ers agreed in conference on Tuesday on a proposal to boost the nation's minimum wage by US$l.2O to U554.55 an hour in spite of a White House pledge to veto such a large rise.
    Reuter  -  41 words
  • Article
    Lock icon Suspension
    53 22 AP FAIRCHILD Semiconductor announced yesterday that it was suspending operations in South Korea as part of its global moves to "strengthen its financial and competitive situation". The US firm did not mention any labour strife of the kind that had led to the closure of two other US-owned firms
    AP  -  53 words
  • Article, Illustration
    AWSJ, FEER discussion 'friendly exchange'
    433 22  -  n ioi By HARISH MEHTA AMERICAN Vice-President Dan Quayle said yesterday that a difference of opinion had arisen with First Deputy Prime Minister Goh Chok Tong on the issue of the restricted circulation of two foreign publications, but added that it was a polite and
    433 words
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    Lock icon China assures investors amid student unrest
    259 22 Reuter AS INTERNATIONAL bankers gathered on one side of Beijing yesterday for an annual meeting of the Asian Development Bank and student protesters on the other, China assured foreign investors that their money was safe. "We will take all possible measures to protect the
    Reuter  -  259 words
  • Article
    Lock icon Dispute at Union Bank of Bangkok settled
    216 22 Reuter MAJOR SHAREHOLDERS of the Union Bank of Bangkok Ltd have agreed to settle their month-long dispute over Thailand's 12th largest commercial bank after its executive chairman announced his resignation last week Thai Finance Minister Pramual Sabhavasu told reporters in Bangkok yesterday that
    Reuter  -  216 words
  • Article
    Comex gold
    82 22 COMEX GOLD futures spiked to highs for the week on early buying by a managed fund trader, which provoked a swift shortcovering response from local traders. June gold gained US$2 80 at U*****.90 an ounce, edging out Monday's high of U*****.90. Analysts said the fund manager bought more
    82 words
  • LATE FILE
    • Article
      Lock icon Roh to take emergency steps
      63 22 Reuter PRESIDENT Roh Tae-Woo. blaming "revolutionary forces" (or the fiery deaths of six young policemen yesterday, said that he would take emergency measures if social turmoil continued in South Korea. He urged Opposition parties and other critics not to accuse the government of repressing democracy
      Reuter  -  63 words
    • Article
      Lock icon Team to find new markets
      50 22 AP PRESIDENT Suharto, reacting to criticism by a Dutch minister, instructed Trade Minister Arifin Siregar yesterday to set up a permanent team to find new markets. Dutch Minister for Development Cooperation Piet Bukman had said on Tuesday that Indonesia's export policy was not mar-ket-oriented. AP
      AP  -  50 words
    • Article
      Lock icon Thai Cabinet approves Budget
      33 22 AFP THE THAI Cabinet has approved a Budget of 335 billion baht (US$l3.4 billion) for the fiscal year starting on October 1. an official said in Bangkok yesterday. AFP
      AFP  -  33 words
    • Article
      Lock icon Malaysia's PTA exports double
      37 22 Bernama MALAYSIA'S exports to Asean countries under the group's Preferential Trading Arrangement doubled to M 5183.09 million in 1988 from M 591.52 million in 1987, according to the Trade and Industry Ministry. Bernama
      Bernama  -  37 words
    • Article
      Lock icon Privatisation report
      40 22 Bernama A REPORT on the proposed privatisation of Malayan Railway will be forwarded to the Malaysian Cabinet this June, the railway's general manager, Datuk Sulaiman Hashim, said yesterday. The proposal is being studied by a working committee. Bernama
      Bernama  -  40 words
  • Page 22 Advertisements
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      245 22 Practise For Health Relaxation ±H> Qi Gong For Health Every Friday 8 00 pm to 9 00 pm Commercing on SSB9 Rejuvenescence Qi Gong Every Saturday 9 00 am to 9 45 am Ang Tai-Chi and Moving Meditation For Busy Professionals 9 Specially Prepared Lessons Private Tuition Tuesday Thursday 9
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      Page 22 Advertisements Column 2
      8 22 Beijing ignores defiant students' talks deadline, PAGE 4
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      Page 22 Advertisements Column 3
      428 22 Don't Miss the Most Important Management Event of the Year! 1989 ANNUAL MANAGEMENT LECTURE When Giants Learn to Dance: MANAGING THE CHALLENGES OF STRATEGY. MANAGEMENT CAREERS IN THE 1990's What are the pressing challenges facing companies and careers in the coming decade? How can companies organise to ensure that they
      428 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Nhava Sheva opens to traffic
        133 23  -  By Shirish Nadkarni NHAVA SHEVA, the neighbouring port to Bombay, which threatens to take away a substantial amount of the container traffic from the busiest port in India, was formally opened to shipping traffic three days ago. On April 29, an Indian container vessel, the
        133 words
      • Article
        Lock icon US terminal dispute settled
        137 23 Seatrade Week THE LONG-SIMMERING terminal dispute at the port of Los Angeles, involving the city, port and both Stevedoring Service of America and Overseas Shipping Corp, has been resolved. Attorneys for all parties reached a settlement over an issue which had gone to the FMC for
        Seatrade Week  -  137 words
      • Article
        Lock icon Drop in idle tanker tonnage
        99 23 Reuter WORLD oil tankers laid up, idle or under repair fell to 2.09 million long dwt (23 vessels) in April from 2.22 million dwt (24) at end-March, London shipbroker Howard Houlder said. Combination carriers laid up at end-April were unchanged at 438,123 long dwt (five)
        Reuter  -  99 words
      • Article
        Lock icon 12kg of drug found after ship sinks
        107 23 AFP A CARGO of wood washed ashore after a Nigerian freighter went down off southern Portugal in February contains sheets of hashish tucked between the planks, police said. More than 12kg of the drug have been recovered among the flotsam and jetsam currently
        AFP  -  107 words
      • Article
        Taiwan to reopen talks
        88 23 TAIWAN is ready to resume negotiations with the United States on drift-net fishing in the North Pacific, a government spokesman said. "We are well prepared to reopen talks with the United States about regulations governing illegal fishing in the area," said Go Chin-Chao, spokesman for the
        88 words
    • Article
      Hongkong plans major port expansion
      519 23  -  By VONNIE BISHOP HONGKONG, already the leading world container port, is planning further port expansion which can only be described as colossal, according to the Hongkong Director of Marine, Mr Derrick Hall. Last year, the port became the first in the world to breach a
      519 words
    • Article, Illustration
      Van Ommeren Ceteco strengthens FE market
      467 23  -  More offices likely to be opened this year By RAHITA ELIAS DUTCH transport and trading group Van Ommeren Ceteco (VOC) is strengthening its Asian market niche through two of its subsidiaries, says a senior official. Mr A Dubbeld, the United Kingdom-based divisional managing director
      467 words
    • Article
      Index to advertisers
      675 23 ABC Contomerlme XI s Accord Shpg VIH Arrow lines XI AMI HI A PC line VII API V ASCI V Aui'rosio tine VII Bolt Conodo line IX Bolt-Orient line IX Boltic Orient Shpg XI Banglodesh Shpg VII Bonk line VN BBS IV Ben line Cont VH Bengal
      675 words
    • Article
      Sharp rise in SCI's earnings
      138 23  -  By Shirish Nadkarni THE Shipping Corporation of India (SCI) earned a net post tax profit of R5299 million during the financial year 1987-88, in comparison with the R564.4 million earned during 1986-87. The sharp rise in profit was possible as a result of the SCI
      138 words
    • Article
      Manila set to upgrade maritime training programme
      292 23  -  By AL O LABITA THE PHILIPPINE Congress is set to direct the country's maritime schools to revise their curricula to comply with the provisions of the International Convention on Standards of Training, Certification and Watchkeeping (STCW) for seafarers. A bill has been filed
      292 words
    • Article, Illustration
      Shipbroking, chartering: challenges in the 1990s
      1591 24 The Institute of Chartered Shipbrokers (Singapore branch) last Saturday invited Mr JOSEPH KWOK, general manager chartering division, Neptune Orient Lines, to present a luncheon talk to its members at the World Trade Centre Club. Here is the full reproduction of his paper on promoting
      1,591 words
    • Article
      Lock icon Weekly freights
      827 24 AFP RATES held up well over the past week despite quiet conditions. Fixing activity picked up just ahead of the weekend, which was extended into a holiday period in various parts of the world. On the Baltic International Freight Futures Exchange (Biffex), the Baltic Freight Index closed up
      AFP  -  827 words
    • Article, Illustration
      Oceanic Grace delivered to owner
      285 24 OCEANIC GRACE, Japan's first luxury cruise ship, was delivered last month to its owner, Oceanic Cruise Ltd, a newly incorporated subsidiary of Showa Line Ltd. This 120-passenger cruise ship was constructed to meet the increase in demand for leisure cruises in Japan. To enable the
      285 words
    • Article, Illustration
      People in Shipping
      182 24 LORD NAPIER of Magdala has been appointed general manager and director of the Port of Felixstowe International Limited. Robert Napier was previously port director of the Manchester Ship Canal Company and has worked in the maritime industry for most of his life. Other positions include managing director,
      182 words
    • Article
      Who acts for whom ...
      2270 24 Who acts for whom A —B AB Shipping Boustead Shpg Agencies IS) ABBS Lin* SMS Pie Lid (S)/Tunaa S*tia (PK/KL). ABC ConMinerline NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Lin* (PK/PN) Ahrenki*l Lin*r Kim Shpg (S) Alfred C Toepter Oceanua Shipping Ag*ncy (S)/Mulllport Sdn Bhd (PK)
      2,270 words
    • Article
      London Freights
      1061 25 TIME-CHARTER activity was fairly active on Tuesday with rates continuing to show a firm undertone and further details filtered through to the market of fairly prompt vessels being recently fixed to the Soviet Union, brokers said. The latest bookings involved three Panamax vessels of over 60.000 tonnes dw
      1,061 words
    • Article
      SHIPPING LIST where your ships are due...and when
      5409 32 AARHUS M Tokyo, Maersk Line. May 4 Hamburg Express, Triot, May 4<PK). Norasia Mubarak, Norasia Line, May 5 Luo He. China Ocean Shpg, May 5 Ming Glory, Yang Ming, May 6 Ever Group. Evergreen, May 7. B Permai, ScanOutcht. May 8 Axe!
      5,409 words
    • Article
      SHIPS IN PORT
      1465 34 AT CONVENTIONAL WHARVES SPC XI Star Trader >12 04 05,0800 JH 04QS.0730 04 05/1800 0505/2300 Sinar Mega JI 04 05,0800 OS OS,7300 Vessel Berth Arrival Departure MARINA KEPPEL WHARVES Boica Moiv MIC olongside 04 05 0500 Dode K33 olongside 0806/2300 Cofcrawala 09 M4A alongside 04 05-0600 Kns
      1,465 words
    • Article
      Shipping events
      507 34 May 3-5 2nd World Container Congress to be held at the Hongkong Convention and Exhibition Centre. This will be the first dedicated congress and exhibition on containerisation in Asia. For details: International Conference Consultants Ltd 57 Wyndham Street, Ist floor, Central Hongkong Telephone: 5-*****1/*****9. Fax: (852) 5-*****64 Telex:
      507 words
    • Article
      Straits-Europe timber carriers plan to increase charges
      335 34 AFTER holding down rates for the last eight months, operators of timber carriers from the Straits to Europe intend to increase charges again. A report in Lloyd s Maritime Asia says that following a review in Singapore early this year, the regular operators
      335 words
  • Page 23 Advertisements
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      6 23 TIMES STP Distributors rimes PuCMrstitnq Croup
      6 words
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      Page 23 Advertisements Column 2
      20 23 Lines and services represented by c j Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. V
      20 words
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      Page 23 Advertisements Column 3
      150 23 INTERMAMNE SUPPLY CI (PTE) LTI T*4: *****33 Mom) Tbt IMCCO R*****8 Fax 2M4477 Their Bookings For Course Placiiigs Overfloweth... rn: is IK LV* s 35 S B m 7a m. t?r, w. 4. i •2% V 3 .1 2) 2) m 9 v 1 as 5\ g; X I I
      150 words
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      Page 23 Advertisements Column 4
      132 23 Challenges in the 1990s WITH scrupulous efforts put In from the various sectors of the local maritime industry, Singapore can certainly develop into an international shipbroking centre in the *****, believes Joseph Kwok, general manager chartering division, Neptune Orient Lines. PAGE II Oceanic Grace delivered OCEANIC GRACE, Japan's first luxury
      132 words
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  • Page 24 Advertisements
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      74 24 LCT FOR CHARTER IMMEDIATELY AT SINGAPORE 1963 Bit LCT ABS unrestricted 1300 DWT Twinscrew Bowthruster. Vessel can rampload heavy equipment or 54 TEU containers with 8 reefer plugs, draft loaded 10 feet. Clear deckspace 450 sq/m. Can carry 1220 CBM diesel oil or combined FW/DO. Speed 10 knots on 3
      74 words
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  • Page 25 Advertisements
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      1108 25 JARDINE SNIPING ACCNCKS 2QO Cantonment Road 01? 06 Sootflpomt. Singapore 020 f* *****11 TlliX NO RS 241/9 TERMINAL,CFS T«t *****18 270 BOOKINGS Te4 *****J4 235 PC SAM JARDtNE MOWING ACCNCKS SON MM) PORT KEIANC 1(1 *****11 Telei No HAJJ477/MAJJ7OI NEPTUNE GARNET 11 OOCL FAIR U RAINBOW BRIDGE 17 OOCL FREEDOM
      1,108 words
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      Page 25 Advertisements Column 2
      1174 25 MAERSK LINE •Port *Penang Kelang This week Marchen M Closing Time CY 8/5 2300 MRS CFS 8/5 1300 MRS MARCHEN M LEISE M LOUS M 8906 9/5 10/5 8906 16/5 17/5 8906 23/5 24/5 MARGRETHE M 8906 30/5 LARS M LAURA M REGINA M LEX A M 8906 6/6 7/6
      1,174 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      739 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT J 2/5 j* P BENAVON 08/536 8/5 20/5 6/6 i| y 24/5 2*l ,35 OSAKA BAY 03/539 25/S 07io/c TOLAGA BAY 04/599 1/6 3/6 M 6 22 6 2*6 HEIDELBERG EXPRESS 01/561 7/6 9/6 27* 29* ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS.
      739 words
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      Page 26 Advertisements Column 2
      488 26 COLUMBUS LINE REEOEREI GMBH (A SERVICE OF HAMBURG-SOD EXPfIfSS S£MKOWTAI€P S£*VKE TO TAYBANK V9S COLUMBUS NIUGINI V6S SPORE In Pt Port Moresby, Lae, Rabaul, Kimbe, Alotau (Direct) 23/5 Port Moresby, Lae Rabaul, Accepting LCL cargo for main ports discharge and also to Wewak, Kavieng, Kieta, Honiara via Transhipment Port Ktianf's
      488 words
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      Page 26 Advertisements Column 3
      946 26 SHIPPING TIMES, Thursday, May 4, 1989 L Si REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE (wTTooS) NORASIA MUBARAK V 8907-3 2/5 VB9OB 310 5 5 13 5 7? 8 6 IS' 5 17/5 17 5 12/6 14/6 15/6 NORASIA PEARL 8910 3 22/5 23/5 24/5 18/6 22/6 23/6 Also accepting
      946 words
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  • Page 27 Advertisements
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      1212 27 Steamers Maritime Holdings Ltd W^ p FyVCnnt Containers r CONTAINER SERVICE TO UK/CONTINENT [CONTAINERSHIP SERVICE FROM UK CONTINENT H'burg ?haven R"d»m BEN AVON Sailed Sailed Sailed TOKYO BAY Sailed Sailed OSAKA BAY Sailed Sailed Sailed NIPPONICA Sailed Sailed TOIASA BAY Sailed Sailed Sailed HONGKONG EXPRESS* Sailed Sailed Sailed HEIDELBERG EXPRESS
      1,212 words
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      Page 27 Advertisements Column 2
      927 27 Ia.CHO YANG LINE IBOUND QUEEN S WAY BRIDGE 008* CNOVANC PARK 002W HANJIN OAKLAND 007W CHOYANC SUCCESS 003W WEEKLY EXPRESS INDEPENDENT FAR EAST/EUROPE FULLY CONTAINERISED SERVICE EASTBOUND Also accepting for Inland UK destinations Antwerp and Scandinavian ports Ldg for HK/KAO/KOBE/YOKO/BUSAN FLO T A MERCANTE MG GRANCOLOMBIANA o» :o«. v( i
      927 words
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      Page 27 Advertisements Column 3
      135 27 EAST MALAYSIA SHIPPING ENT. (PTE) LTD 41-A AMOY STREET, S PORE 0106. TEL: *****18 (4 LINES) TELEX NO EMVES R*****9 SINGAPORE TO SARAWAK BRUNEI VESSEL VOY ETA ETD SRI LIKU 9/89 MIRI/K BELAIT 10/5 11/5 Receiving cargo at M 2 (PSA Marina Wharf) from Monday to Saturday. (MARINA WHARF OfFICE
      135 words
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      Page 27 Advertisements Column 4
      355 27 /2£,Hai Sun Hup Co (Pte) Lu'> TEL: *****06 (20 Llnet) TLX R*****1 R*****2 fc. KASI KK\ CAR I.INKK I.'l I STRAITS/ JAPAN/ STRUTS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! VOY NO S'pore P. Kelang Penang Hong Kong Yokohama Nagoya Osaka Senboku Moji Takamatsu ASIAN CLIPPER 115 SEKI MATSUYAMA 78 •For
      355 words
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      554 28 ISLAMIC MPUBLIC OP IRAN SMIPPINO LINKS IRANIAN SERVICE IRAN MEEAD PJL69I Loading for BANDAR ABBAS i®wi KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSI KYOWA HIBISCUS V 36 KYOWA VIOLET V 25 LOAD FOR: VILA, NMA. LTK, SUVA, PAGO, APIA GUAM. SAIPAN, HRA, VILA. NMA. LTK. SVA, PAGO. AP GUAM/SAIPAN SERVICE
      554 words
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      Page 28 Advertisements Column 2
      636 28 QUEEN S WAY BRIDCE 008# CHOYANC PARK 002W HANJIN OAKLAND 002W CHOYANG SUCCESS 003W I TO FAR EAST PORTS HANJIN SHIPPING CO., LTD y'JL.I.V CONTAINERISED SERVICE CHOYANG SUCCESS 002E HANJIN TONG HAE OS7E CHOYANG CHANCE 041E I FROM EUROPE VIA SUEZ S port I H.Konf Kaoshiunf Kobe Yoko Buun 15/5
      636 words
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      Page 28 Advertisements Column 3
      194 28 v\ LIN LIN SHIPPING PTE. LTD. 1. Magazine Road *05 01 Central BuiMing Singapore 0105 Tel *****14 t *****22 «£KI» SC*VICI S »0»f TO KUCHINC SIBU SAHrnfl PASlfi GUOANG Agents PASIR CUDANC JOHOR BAHRU UJUNGf ANAM SHIPPING SDN BHD JOHOR BAHRU TEL *****1 *****4 *****6 TLX MA***** Kit GWAN SNIPPING
      194 words
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      Page 28 Advertisements Column 4
      1246 28 EVERGREEN Full Container Servic Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GATHER EVER GOVERN EVER GARDEN EVER GROWTH EVER GRANO EVER GREET AISO ACCEPTING CARGO TO PKL SGP HKC KSC 03/05 l« Pt 09/05 10/05 U/05 li/OS 17/05 09*5 10/05 1505 IMB IMS 73/05 i3fts 11/05 is/05 nv> not 23/05 24* 31/05
      1,246 words
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  • Page 29 Advertisements
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      742 29 S PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, *03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES FAR EAST VESSEL HAI QUANG MAJAPAHIT GOWA VOY SIN JKT 09S8 SLD SLD 3758 7/5 14/5 SIN HKG KAO KEE VOK 8/5 12/5 13/5 15/5 16/5 24/5 26/S 27/S 31/5 7/5 12/5 IS/5 NGO
      742 words
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      Page 29 Advertisements Column 2
      239 29 p NOROULK CARGO SERVICES L REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES UK CONTINENT PORTS SPORE MARATHON UNITEO AGENCY PTE LTD TEL: 222*344 KUPK S.P YEO SHPQ t TRDO XL: 7U9M4 PK 36U101 SABAH TRANSPAC KK TEL: 594W*****4 1 BREAKBULK SERVICE TO EUROPE/UK S pore P Kelang Loading For FINNFALCON NLB9OI
      239 words
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      Page 29 Advertisements Column 3
      400 29 BEN LINE CONTAINERS Koorloon by AlaOa Ham Monti Rotj Larft by London iiprnt 21ft ■ft Sft W 2M 12# 20* lilt 1/2 *p un up UP HAVEN ROAM HAVRE an Ha M M W 2*5 10* 1M 13* U)I 14* 20* -WW ?4,» 25* 27,* IP IP *P a/* a*
      400 words
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      Page 29 Advertisements Column 4
      512 29 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAftUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY SPORE ANTWERP H'BURG/ RDAMADAM BREMEN SRIWIJAYA/26W8 2-5/6 5/7 9/7 S PANJANG/22 WB 19-22/6 20/7 24/7 KUTAI/17WB 28/6-1/7 30/7 4/8 Subject to Inducement. Also accepting
      512 words
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      Page 29 Advertisements Column 5
      348 29 BOUSTEAD SHIPPING AGENCIES n PAGAN VI4IW HTONEYWA V247W PA-AN VI3BW MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok 4/5 Hay U/13 May 20/22 May CONTAINER SERVICE NORTHBOUND TO lIKf FORTHBANK V24N IVYBANK V24N TAUSALA SAMOA VISN SPORE RDAM HMBG HULL 17/5 15/6 19/6 22/6
      348 words
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      779 30 NEPTUNE GARNET OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM Kline KAWASAKI KISLN KAISHA. LTD. N. AMERICA-ATLANTIC COAST VOY *INOO •PK/PNG SGP NEPTUNE GARNET OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM FEEDER VESSEL NEPTUNE GARNET OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM •Via Faadar FEEDER VESSEL TRANSWORLD BRIDGE NEPTUNE RUBY CHINA CONTAINER ACE CONCORD
      779 words
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      Page 30 Advertisements Column 2
      507 30 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore P Keiang Penang loading tor Mottier Vjl By Feeder By Feeder KALIOAS V 42 n May 5 May S May Frem^Wb/Sydn/AM TULSIOAS ¥.41 May 22 May 22 May Frem<Me»b,Sydn,Adel KALI DAS ¥43 6 July 31 June 31 June Ffem/Mdb/Sydn'AM TULSIOAS ¥.42 19
      507 words
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      Page 30 Advertisements Column 3
      415 30 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. Triok Ayer Street SINGAPORE 0104 TEL *****U (10 LINES) Fu *****04 STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Cotomtoo/Keradii/Oub* GOLDEN HARVEST Cotanbo/Karactu/Dubai CHINA SERVICE BAI TUNS TAN Shinftu, Spore P. 14/1S May 2t/2SMay P. Heiartg Penang CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC
      415 words
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      Page 30 Advertisements Column 4
      609 30 PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD £07-12 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 MWOUE EAST/FAB EAST FO.I LCL I VESSEL |ETA SINGAPORE IDESTINATION JEDDAH (LCL) WEEKLY AQABA. HODEIDAH COLOMBO. KARACHI. BOMBAY. MADRAS. CALCUTTA EAST/WEST AFRICA/MB. FCL LCL SfIiVICE TBN 4/5. 13/5 IMOMBASA. DARESSALAM
      609 words
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      1471 31 >V«Hs doi« NIPIUNE AGtNCKS Pit LIO. C*n«tal Booking Booking! liiwaid/ fe«minil CfS Cmumns K CU/AUSr (PA/Sf> Outward i2\XM2 222WV inmn jiniii mv*i miw WWIII //-Willi ?/»U8 IWU y M mm MPIIMI SON BHO Mst Mm '"W IST s» as BIVI" s ss NEPTUNE ORIENTuNES UTD EXPORT IMPORT FEEDER VSL N.
      1,471 words
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      Page 31 Advertisements Column 2
      1088 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 ***** PC HANG P KELANC MESSRS HAI THONC SHIPPING 127 PewwStrwt. Penang. Malaga MS HANDLING SYSTEM CO SON
      1,088 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      319 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTO. i(i m tiHUrt t<4 fAx H'yix.w mmh\ lIUX MS 2'HBH A/H SSI.'MA. US WW) A/H SSCAI) DSR-LINES EB OgUTCPACHTSeSP£EO6fIE ROSTOCK i INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE BPS ma ■EJ MUM i vm >ju a GROTEWOHL 4/89 RUEBELAND
      319 words
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      Page 32 Advertisements Column 2
      102 32 r T.S.K. LINE WEEKLY CONTAINERISED SCAVtCC WITH FIXED OAV ARRIVAc EXPORTS TO TAIWAN JAPAN ESEari'^HZMEiMEETgMI.HMI.MrTSn^M HAKUSAN II VS CONTINENT V2l KABUKI 21 HERMES ACE W1 HAKUSAN II VS CONTINENT *22 |li^lljliyigigygi|Tr||TT| IMPORTS FROM JAPAN TAIWAN ESMEMCUmiIiMCTTTTTW KABUKI W2l HERMES ACE 21 HAKUSAN II V 6 CONTINENT V 22 KABUKI V2J
      102 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      180 32 Regional Weather ft m >S\ V s z s >NS !IU SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May 4, 1989 R Thunders.™ Tempero.ure c X\ V Shower Wfathff Wmd direction with speed m fcrvots Rom W Ckxwjy <*, W Su'*oce winds ore <nd>coted b« orrows whtch fly wtffc
      180 words
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  • Page 33 Advertisements
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      464 33 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 m IRAQI UNI I' «»C 'NTfllMlSf MARIT'Mt TMUJPO* EAST BOUND SERVICE MV SINDBAD ETA S PORE 15/5 LOADING FOR S. Korea, Japan THROUGH B/ls to BAGHDAD UPON REQUEST AISO ACCEPTING CONTAINERS UPTO AQABA I BAGHDAD REEFER SPACE AVAILABLE UPTO
      464 words
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      Page 33 Advertisements Column 2
      299 33 1 r E3 RICHFIELD MARINE AGENCIES ISI PTE l TIL *****33 CO Un«»i cA X J2VIU TtLtX RS 3555 3 RiSMiP ij Lii«i map# wr m 5? S IPS LINE CALCUTTA/KARACHI/CHTGONG/CBO REGULAR CONVENTIONAL LINER SERVICE metOHTtn-vn iiT cTSmtcHTOo-o THAKWIT AL-VP7 tS/f HwryM up 20 Tons And Ail Vat* Mm 1«
      299 words
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      Page 33 Advertisements Column 3
      694 33 SIGMA EXPRESS (S) PTE LTD > TEL *****44 FAX *****75 ACCEPTING CARGOES FOR: BANGKOK 6/5 BUSAN 8/5 BOMBAY 7/5 COLOMBO 7/5 HONGKONG 6/5 MUARA/LABUAN/KK 6/5 KUCHING/SIBU 6/5 KOBE/NAGOYA 9/5 YOKOHAMA 9/5 LE HAVRE/HAMBURG 6/5 FELIXSTOWE/R'DAM 6/5 KEELUNG/KAOSHIUNG 7/5 FREMANTLE 6/5 SYDNEY/MELBOURNE 9/5 LONG BEACH/LOS ANGELES 11/5 NEW ZEALAND PORTS 17/5
      694 words
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      Page 33 Advertisements Column 4
      232 33 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE G MONKADI 020*89 LEUVE OJW TIGER BAY 65N SUSAK MN A GONCHAROVOSIB9 P. STAROSTIN A ***** TIGER BAY 67N LEUVE 04W A. GONCMAROV *****9 24/5 3/5 12/5 n5 HIS f-10/512/5 10/5 23/5 IS/5 20/5 10/5 15/5 17/5 13/5 20/5 26/5 ?o's
      232 words
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      Page 33 Advertisements Column 5
      93 33 REGULAR EXPRESS FCL LCL SERVICE a 9E555T JAKARTA (FCL ONLY) TOKYO, KOBE, BUSAN (FCt ONLY) KARACHI, BOMBAY. COLOMBO (Fa ONLY) ABC CONTAINERIZE L'A'J'MtHH TO AUSTRALIA/NEW ZEALAND VSL •Kussa 2M C VEROUK 225 AOTKftKN 221 TRT EXPMS 221 Alto *cc*pting cargo to Ad«Uid«, Brisbane NEW ZEALAND Wellington. Napier. TO USA/CANADA ML
      93 words
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      118 34 I ROCO CARRIERS Y NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES Liner services accepting FCL containers (GP and reefer) and breakbulk cargo for both north and southbound. Heavy lift capacity upto 60 tons. Vessel S'pore Penang Lae T'ville Loading For "ANKE" V2SB 24-25/5 26-27/5 6/6 12/6 Lae, Townsville, Pt Moresby (via T'ville)
      118 words
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      Page 34 Advertisements Column 2
      723 34 r Mitsui OSK Lines JLtd EXPORTS TO PSW CONNECTING AT DOUBLE STACK TRA SS fTA ■■■du HEataEiaEiHß ClCl[JrM[Tin™R gga gggnrinnri [if i 'IPLI LaLJFJmrTTTrM ]l I. EBJUJEBf^IfTTI L»"„ .Uili.iiJl/i Ihu ■'^TTTMFT^TJigTM OUR NEW USA SERVICE CALLS SINGAPORE DIRECT EVERY MONDAY EXPORTS TO OTHER USA CANADA »CONNECTING AT TO PNW CANADA
      723 words
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  • BANKING & FINANCE
    • Article, Illustration
      ... and all grown-up
      435 35  - and all grown-up Having got this far, where does Singapore's financial supermarket go from here? By ALVIN TAY, Financial Editor TWENTY-ONE this year, and there's no doubt that the Singapore financial supermarket has come of age There are now nearly 130 foreign commercial banks here, with at least half of
      435 words
    • Article, Illustration
      The right balance
      1876 36  -  Just how far has Singapore come in the world of finance? What more needs to be done? Who should do it? BT asked four leading bankers for their thoughts on these questions. Their views are published below, as well as on Pages 4 and 6. By PATRICK
      1,876 words
    • Article, Illustration
      The cutting edge
      2034 38  -  By WONG NANG JANG Chairman, Association of Banks in Singapore Executive Vice-President, (Planning Operations), Oversea-Chinese Banking Corp IN 1968, the first Asian dollar deposit and loan transactions entered into the books of banks in Singapore. These became the precursor of a multi-billion dollar business encompassing the talents
      2,034 words
    • Article, Illustration
      A unique opportunity
      777 40  -  By DAVID J BROWNING, Country Corporate Officer, Citibank SINGAPORE has developed tremendously as a regional banking centre over the past two decades. This is evident from the fact that it now ranks second to Tokyo in foreign exchange volume transacted in Asia. The offshore balance sheets of
      777 words
    • Article, Illustration
      The maturity factors
      759 40  -  By LIM HO KEE, Chairman, Singapore Foreign Exchange Market Committee, Senior Vice-President and Branch Manager Union Bank of Switzerland ANNIVERSARIES are convenient times to take stock of progress. As we survey the financial services industry in Singapore 21 years after the launching of the Asian dollar market,
      759 words
    • Article, Illustration
      Special interview with the CEO of Hong Leong
      2153 41 He straddles between property and finance. In 1984, Kwek Leng Beng took over from his father the chairmanship of Singapore's biggest finance company, Hong Leong Finance. Today, he is also the managing director of City Developments Ltd, the Republic's largest publicly-listed property
      2,153 words
    • Article, Illustration
      Lock icon Specialist on the spot
      839 42  -  ROBERT LLOYD GEORGE, Chairman of Indosuez Asset Management (S) Ltd, takes a look at the latest trends in fund management in Asia ROBERT LLOYD GEORGE, THE DYNAMIC growth of the fund management business in Asia has naturally followed the dynamic growth of the Asian economies and
      Source: Indosuez Asia Investment Services Research; Source: Indoeuez Asia Investment Services Research  -  839 words
    • Article, Illustration
      RISE OF THE CORPORATE TREASURER
      796 42  -  SOH TIANG KENG ventures into the treasury room of oil giant Shell SOH TIANG KENG SINGAPORE'S development as a financial centre and the era of floating exchange rates has spawned a fastgrowing group of corporate treasurers in big companies and multinationals based here. This is
      796 words
    • Article, Illustration
      Lock icon BANKING & FINANCE Beating the average
      916 43  - BANKING FINANCE Beating the average Strategies in Banking: The nature of cross-subsidies in banks and the role of strategic management in squeezing them out is explored in the main article while the accompanying piece looks at the rebirth in branch banking. By BRIAN DICKIE, partner, Booz, Allen Hamilton IF YOU
      Source: Boor-Allian & Hamilton  -  916 words
    • Article, Illustration
      Branch banking sees a rebirth
      779 43  -  By ALBERTO G LAPUZ,GLENN BRYCE of Spicer Oppenheim Consultants THE REASONS or motives may vary from bank to bank, but branch banking is enjoying a re-birth. And as the motives vary, our experience indicates that the approaches used differ widely among banks turning their attention
      779 words
    • Article
      GROWTH FACTOR
      983 46  -  By LEE YOKE MENG, ly LEE YOKE MENC, Assistant to the Managing Director and Head of Corporate Relations/Economic Research, International Factors (Singapore) Pte Ltd FACTORING is by no means new in Singapore, but it was only in recent y*ars that the pace of growth has beared while strong
      983 words
    • Article
      More than just a lender of last resort
      822 46  -  By LEE KHENG LEONG, Manager, DBS Factors Pte Ltd THE SUCCESS of many' small and medium-sized enterprises (SMEs) is very often put at risk because of their inability to obtain appropriate financing when it is most needed. Moreover, although business growth is
      822 words
    • Article, Illustration
      Singapore: The challenge in the 90s
      1336 47  -  Leasing is recognised as an important source of finance. How developed is the industry in this region? The first article on this page tracks the trend in Asia, while the second discusses its development in Singapore. By AU ENG FONG. AU EMC FONG, Managing
      1,336 words
    • Article, Illustration
      Expansion trend in Asia
      762 47  -  By TJIPTONO DARMADJI, President, Asian Leasing Association THE Asian Leasing Association currently has members in 13 Asian countries, namely Bangladesh. Hongkong, India. Indonesia. Japan. South Korea. Malaysia. Pakistan, Philippines. Singapore. Sri Lanka. Taiwan and Thailand. The number of leasing companies varies from one country to another,
      762 words
    • Article, Illustration
      A first in many ways
      1033 48  -  The irredeemable convertible cumulative preference shares issue and the negotiable certificate of deposit with detachable warrants issue were two of the most prominent financial packages put together by local merchant banks in the past few months. In these two articles, the managing directors of the
      1,033 words
    • Article
      MORE PRIVATE PLACEMENTS
      1000 48  -  By LIM AH DOO, Managing Director, Morgan Grenfell (Asia) Ud IN APRIL last year. Keppel Corporation Limited announced its intention to issue up to Ssl2o million principal amount of fiveyear unsecured bonds with detachable warrants to be managed by Morgan Grenfell (Asia) Limited. The coupon was indicated
      1,000 words
    • Article, Illustration
      The heavyweights
      2087 49  -  The Japanese. A major contender in commercial banking. A major contender in merchant banking. Their next move competition in the securities sector. QUAK HIANG WHAI of the Financial Desk sizes up the impact of Japanese financial institutions in Singapore. QUAK HIANG WHAI MOST BANKERS are aware that the
      2,087 words
    • Article, Illustration
      More diverse investments in the US
      1778 50  -  VENTURE CAPITAL Venture capital has broadened its scope in recent years. LINDA A VINCENT, Vice President, Venture Economics, reviews the developments in US, Europe and Asia. LINDA A VINCENT, WE HAVE historically defined venture capital as early-stage equity financings for privately held companies. These
      1,778 words
    • Article
      Venture developments in the Pacific Rim
      238 50 THE LEARNING curve for businesses in general has been abbreviated in the Far East. Developments in the creation and sponsorship of venture capital are no exception. Japan's industry is the oldest and largest with over 80 firms engaged in venture investment activity. Taiwan's industry
      238 words
    • Article
      Growing number of independent groups in Europe
      602 50 EUROPEAN venture capital is developing country by country but in each region it is quite different because of the vastly different political social and economic conditions. The two greatest influences in the origin of European venture capital were government initiatives and tax advantage
      602 words
    • Article, Illustration
      Lock icon The twin challenges
      1541 52  -  In a special interview, Simex general manager Ang Swee Tian (left) says that the entry of the Tokyo Financial Futures Exchange will instill greater awareness of financial futures in the Asian region. By SOH TIANG KENG, Financial Correspondent THE SINGAPORE International Monetary Exchange has pinpointed the Tokyo
      Pictures by Lim Seng Tiong  -  1,541 words
    • Article, Illustration
      The Singapore experience
      1853 54  -  PATRICK Yl, General Manager of Network for Electronic Transfers (Singapore) Pte Ltd, gives an update on NETS and the shared ATM network on the local scene PATRICK YI, General Manager IN 1984, the Big Four local banks DBS Bank, Oversea-Chinese Banking Corporation, Overseas Union Bank and United
      1,853 words
    • Article, Illustration
      At your service...
      869 55 CONSUMER BANKING As the rivalry for customers among banks heats up, the retail banking sector has come up with packages, specific services and products to woo the public. Lower lending rates is no longer sufficient an incentive, says LAU CHAN SIN, Executive Vice-President, DBS Bank, while DAVID
      869 words
    • Article
      The customer shall be king
      827 55 SINGAPORE residents are very fortunate to live in a society which has a proliferation of ATMs, an excellent electronic point-of-sale network, and more banks than are really necessary. For the foreseeable future, the consumer will be king as banks fight each other in an attempt
      827 words
    • Article, Illustration
      Moving away from a stereotyped image
      998 56  -  Finance companies have come a long way since they were perceived as providers of loans for private properties and cars. YEO YONG SIANG, chairman of Finance Houses Association of Singapore, reviews their changing roles and forecasts their future. YEO YONG SIANG THE IMAGE of
      998 words
    • Article
      Battle for consumer dollar continues
      441 56  -  By DEXTER LEE of the Financial Desk THERE HAS not been a more intense and bitter battle for the consumer dollar in the past one year than that in the home loan market. Finance companies, commercial banks and Credit POSB the financing arm of the
      441 words
    • Article
      Loan packages to suit different customers
      334 56 MOST of the major lenders are essentially offering the same incentives in their loan packages. Among them are a loan quantum of up to 100 per cent of the property purchase price or its valuation price, whichever is the lower, and bridging loans to
      334 words
    • Article, Illustration
      GET SET FOR A REVOLUTION
      975 57  -  New generation of ATMs poised to usher in radical changes By DENNIS R McGOWAN, Manager, Financial Systems Division, NCR Singapore AS AUTOMATED TELLER machines (ATMs) increasingly become an indispensable part of banking services, and as more banks install them, the competitive edge enjoyed by the
      975 words
    • Article
      A smarter and safer way to pay
      612 57  -  By V ROCOURT, By V ROCOURT, Project Manager, Smart Card Department, Bull Far East Pte Ltd BETWEEN the two world wars, the cheque made its appearance alongside the traditional means of payment notes and coins. And in spite of some initial mistrust, it
      612 words
    • Article, Illustration
      Outlook for US dollar
      1222 58  -  Currency investments have grown popular in recent years. TEO SWEE LENC, Second Vice President Manager of Customer Services of Chase Manhattan Bank in Singapore reviews the trends. TEO SWEE LENG ALL FOREIGN currency investors face two major types of uncertainties arising from interest rates and foreign
      1,222 words
    • Article
      Leveraged currency deposits can be very attractive investments
      245 58 BANKS offer several forms of foreign currency investments which meet different investment objectives and requirements. There are the managed currency funds or unit trusts, for example, where the investment decisions are undertaken by a professional fund manager. Then there are the foreign
      245 words
    • Article
      Towards the electronics battle
      884 58  -  By MATHIA NALAPPAN I, Market Development Manager, Hewlett Packard TODAY the trading floor is where the action is. It has become the centre-stage for a whole range of innovative products, services and marketing strategies from suppliers of trading room technologies. There have been some major changes
      884 words
    • Article, Illustration
      Faster than a speeding bulletin
      1061 59  -  Information makes the money world go round. Accurate and up-to-the-second information, that is. CHUA CHER CHOON, General Manager of Telerate Data Services (S) Pte Ltd, expounds the bits and bytes of financial data services the growth industry of the 1990s CHUA CHER CHOON, IT IS
      1,061 words
    • Article, Illustration
      Feeling secure about securities
      1159 60  -  SGS market deserves another look By JOSEPH CHEN, First Vice President, Money Market/ Government Securities, Treasury Division, UOB BEFORE the Monetary Authority of Singapore (MAS) restructured the Singapore government securities (SGS) market in May 1987, trading activities in Singapore government stocks were minimal and far from
      1,159 words
    • Article, Illustration
      A market whose time has come
      693 60  -  By ERIC SP KANG, Member, Singapore Foreign Exchange Market Committee; Managing Director, Credit Suisse First Boston (Asia) Ltd WHILE the local foreign exchange market has grown very rapidly during the last five years, the debt securities market has made relatively slow progress There are
      693 words
    • Article, Illustration
      Lock icon The 13 wonders
      715 62 this was because it put a substantial amount into inner reserves The UOB group has the biggest number of local subsidiary banks Chung Khiaw Bank, Far Eastern Bank. Lee Wah Bank and Industrial and Commercial Bank. Like OCBC, it also has a substantial operation across the causeway.
      Pictures by YAP YEW PIANG  -  715 words
    • Article, Illustration
      Big Four and the Medium One
      720 62 AT THE PEAK, sometime in the *****, there were 13 local banks in Singapore There are still 13. but all save one are now affiliated in one way or another. Only Tat Lee Bank remains totally independent. DBS Bank has no banking subsidiaries Four
      720 words
    • Article, Illustration
      Of what value is your property?
      946 63  -  PROPERTY MARKETS ONC HAN BOON, Valuation Director, Debenham Tewson City Valuers Pte Ltd, talks about the importance of property asset valuation ONC HAN BOON, A COMMON PRACTICE among local companies is to report their property assets, that is land and buildings, at book value.
      946 words
    • Article
      The times, they are a-changing
      1530 63  -  By STEPHEN BARTER, Partner, Richard Ellis THE PAST FEW YEARS have seen significant changes in attitudes towards property as an investment and in the ways in which this is financed What are the key features of these changes? The level and quality of research and
      1,530 words
    • Article, Illustration
      Bullish BUT THE TEST WILL COME IN 1991 AND 1992
      1656 64 THE BUDGET IN MARCH brought some good news to property owners and investors. The 50% property tax rebate for commercial and industrial properties was extended to June 30, 1990. giving an effective net rate of 115%. From July 1, 1990.
      1,656 words
    • Article, Illustration
      Prime performance
      995 65  -  By LIM SWE GUAN, Associate Director, JLW Property Research Pty Ltd PRIME OFFICE PROPERTY in Singapore, Sydney and Hongkong performed well on average during the last nine years despite the downturns of the mid-eighties. The performance of these markets can be measured by the total return index for
      995 words
    • Article, Illustration
      Lock icon TIS A MAD, MAD, MAD WORLD
      1799 66  -  After the market crash, will the world recover its senses? By JOHN C QUINN, Resident Director, Wardley Investment Services (Singapore) SIR ISAAC NEWTON, the legendary physicist, once lamented: "I can calculate the motions of heavenly bodies, but not the madness of people." In mid-October,
      A Punch cartoon  -  1,799 words
    • Article, Illustration
      What's so special about a CFA?
      1535 67  -  About 260 investment professionals in Singapore will sit for a rigorous six-hour examination on June 3,1989. They will be joined on the same day by nearly 10,000 of their peers in taking the same examination at more than 10 other test sites all over
      1,535 words
    • Article, Illustration
      There's still no place like home
      1549 68  -  When it comes to investing, the local market remains a good bet By TAN GEOK LIN, Vice-President/Research Manager, OCBC Securities Pte Ltd THE STRAITS TIMES Industrials Index has made a good recovery since the 1987 October market crash; it has already surpassed the level
      1,549 words
    • Article, Illustration
      Lock icon A question of trust, really
      1160 68 By OCBC SIMBL INVESTMENT MANAGEMENT LTD THE APPROVED INVESTMENTS Scheme (AIS) introduced in 1986 allows Central Provident Fund members to manage part of their CPF savings. This is to give them an opportunity to enhance these savings through prudent investments. CPF members are given the
      By OCBC SIMBL INVESTMENT MANAGEMENT LTD  -  1,160 words
    • Article
      ... and a peek at the crystal ball
      1029 69  - and a peek at the crystal ball By CHOO WENG CHUK, By CHOO WENG CHUK, Vice-President, credit cards traveller's cheques, Oversea-Chinese Banking Corporation "SPECIAL ONE-DAY OFFER! Apply by today and get 10 cards free for 10 years!" "Join in the Fun! For every kilo of preserved olives you eat at
      1,029 words
    • Article, Illustration
      Card Wars in retrospect...
      987 69  -  The local credit card business soared like a rocket last year. What caused the boom? Where does the industry go from here? What changes will the popular piece of plastic see in the future? These two articles suggest some answers. By BARRY V ARNOLD, Vice-President General
      987 words
    • Article, Illustration
      Land of the rising YEN
      836 70  -  MINORU INOUYE, President of the Bank of Tokyo in Japan, throws some light on two discernible trends amidst the changes currently taking place in the Tokyo financial market. MINORU INOUYE, RAPID AND farreaching changes are currently taking place in the Tokyo financial market. Two trends
      836 words
    • Article, Illustration
      Tokyo: Leading all the way
      853 71  -  How have the two biggest markets in the world, Tokyo and New York, been performing since the October Crash? The two articles below examine the outlook for both markets. By HIROHISA ETO, i, President, Nomura Singapore Ltd I RECALL about this time a year ago,
      853 words
    • Article
      US: Numbers will tell the story
      1128 71  -  By GREG A SMITH, Chief Investment Strategist, Prudential-Bache Securities WE SEEM to be back in the pattern of watching economic statistics. The statistics have changed, but the pattern ot watching the statistics is the same. We lurch from one number to the next, waiting
      1,128 words
    • Article, Illustration
      Tuning in to the customer
      934 72  -  London market broadens products base to meet changing demands By CHRIS P HAVILAND, Regional Director, Asia, Barclays Bank PLC OVER THE PAST three years, the financial services environment in London has been one in which the traditional boundaries between markets, products, customers and delivery systems
      934 words
    • Article
      Lock icon The EC: Working out a vision
      914 72 By ERNST WHINNEY INTERNATIONAL THE EUROPEAN COMMUNITY'S 1992 programme consists of some 300 steps or directives leading to an abolition of trade barriers between the twelve member states Of the 300 directives, 22 apply to the financial sector. These directives encapsulate the Community's vision
      By ERNST & WHINNEY INTERNATIONAL  -  914 words
    • Article
      US banks: Benefits of restructuring
      1074 73  -  MICHAEL F DACEY, North America Corporate Finance Sector Executive and Executive Vice President, Chase Manhattan Corporation, looks at how deregulation in the US affected banks in 1988. MICHAEL F DACEY, AMERICAN banks showed new vitality last year as restructuring first undertaken in the mid-80s continued
      1,074 words
    • Article, Illustration
      The world is the investor's oyster
      870 73  -  A global perspective By RICHARD LEE, ERIC LEE By RICHARD LEE, Vice President/Financial Consultant, and ERIC LEE, Financial Consultant, Shearson Lehman Hutton (Singapore) INVESTING THESE DAYS is a complex matter, with each major market affected by what is happening in the other markets, especially
      870 words
    • Article, Illustration
      CHINA BECKONS
      1246 75  -  New opportunities for Hongkong banks By PAUL SELWAY-SWIFT, Chairman, Hong Kong Association of Banks; General Manager, Hongkong and Shanghai Banking Corporation TWO YEARS of double-digit economic growth in Hongkong, in 1986 and 1987, were followed by a further 7.5 per cent expansion in real GDP last year. As
      1,246 words
    • Article, Illustration
      Lock icon Breakfast at lau pasat
      1008 79  -  HONG LEE TIAM of the Financial Desk joined a meeting of luminaries of the Chinese banking and business circles at a most unusual venue HONG LEE TIAM FOR SOME 30 YEARS, a group of Chinese bankers and businessmen have made it a daily ritual to meet
      Pictures by RAYMONG NG  -  1,008 words
    • Article, Illustration
      Lock icon Into the woods
      1051 80  -  What have bankers and birds got in common besides watching over nest-eggs? If anyone knows, it's Hongkongßank's Richard Hale. HONG LEE TIAM followed the high-flying bird-watcher to share glimpses of beauty the financial world may not quite offer. HONG LEE TIAM RICHARD HALE, chief executive officer of
      Pictures by MAZLON BARDON  -  1,051 words
    • Article, Illustration
      Australian banks seeking bigger global role
      1183 81  -  Australian banks, having proven that they are well able to defend their ground in the face of keen competition, are now looking overseas. But foreign banks there are finding the market hard to penetrate. FLORENCE CHONG takes a look at the banking scene Down
      1,183 words
    • Article
      Market that's a hard nut to crack
      474 81 THE TOUGH COMPETITION in the Australian banking industry has worn down some of the world's largest banks, which have graciously bowed out of the retail market to retreat into traditional merchant banking activities. Of the 15 new foreign-owned banks which were given the
      474 words
    • Article
      The tortoise is winning the race
      408 81 THE Overseas Union Bank was alone when it chose not to pursue a banking licence in Australia Instead, its chief representative, Geoff Mclntyre. advised the parent bank to remain as a merchant bank Mr Mclntyre. who has operated in the Australian banking industry for
      408 words
    • Article, Illustration
      Indonesia enters a new era
      1019 82  -  By WIDIGDO SUKARMAN, Managing Director, Bank Negara Indonesia 1946 FOR THE Indonesian banking community, 1983 was a very important year as fundamental deregulation measures were introduced. The 1983 deregulation package has had a definite impact on the banking industry in Indonesia, changing the structure of
      1,019 words
    • Article, Illustration
      Prospects in offshore financing
      826 82  -  By PETER A St CLAIR BRAUDE, Head, International Banking Division, Standard Chartered Bank SINGAPORE is at the heart of one of the fastest growing economic regions in the world the Asia-Pacific region. In the next decade, this region's economy is expected to expand at an annual
      826 words
    • Article, Illustration
      Coping with unresolved issues
      2354 84  -  Why it's important to keep pace with other financial centres By JENNY LIM, By JENNY LIM, tax partner of an international accounting firm and co-author of Singapore Tax Handbook FISCAL incentives were first introduced by the government to promote Singapore as a financial centre and later
      2,354 words
    • Article, Illustration
      Effective tax structure is the name of new financial game
      943 84  -  By WINNIE LIEW, Director, Arthur Andersen Associates Pte Ltd AS INTERNATIONAL financing across borders becomes more commonplace, and as the world evolves into one global market, effective tax structuring could mean the difference between winning and losing in today's competitive
      943 words
    • Article, Illustration
      All set for universal banking
      874 85  -  MOHD TAUFIK BIN ABDULLAH, Executive Director of Bank Bumiputra Malaysia Bhd, examines current trends and future developments in the banking industry in Malaysia MOHD TAUFIK BIN ABDULLAH, AFTER the rapid growth of the banking industry in the sixties and seventies, the 1985-86 economic slowdown was
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    • Article
      THE RECOVERY
      573 85 MALAYSIA'S economic recovery is clearly reflected in the performance of the banking sector, which consists of 38 commercial banks. 47 finance companies, and 12 merchant banks. The total assets of the industry rose by MSI2 3b or 10.9% to M5125.8b at the end of 1988 as against an
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      378 35 The 13 wonders Local banks had limit hands in 1988. and that's not the only parallel between local banking and the game of mahjong. Pages 28-29 Up, down or sideways Outlook ot property market Page 31 A breed apart? What s so special about the CFA' tag? Page 34 Plastic
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      70 35 SPECIAL COORDINATOR Alvtn Tay SUB-EDITORS Patricia Wee Paul Gopal Lilian LM. Sammad Reiab Pek Tiong Gee Christopher Tan. Yu Chin Fun. Said Abdullah. Shahnr Anfi and Swaran Kapur ARTISTS Ben Cruz. Jennrter Chua. Francis Tan and Allan Chan EDITORIAL CONSULTANT Margaret Thomas DESIGN CONSULTANT Ooefc Swee Peng PRODUCTION CONSULTANTS Alice
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      382 36 V 1 Unique to the new Brother M-2518 Dot Matrix Printer Thanks to its unique Paper Express feature, the brilliant Brother M-2518 is ideal for printing on any type of paper, up to thick six-part forms. And it's all done automatically! That's not all. The revolutionary innovations incorporated in the
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      200 37 Q "Even J. Paul Getty's account must have gone into the red at some time in his life," you tell yourself. However, your little gem of financial philosophy does nothing to solve your present predicament. There's no avoiding it, you have cheques to write but funds to find. Is this
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      148 38 How you can benefit from Bayerische Landesbank's x presence in A Singapore M Bayerische Landesbank is headquartered in Bavaria, a leading federal state of West Germany with a long tradition in cross-border trade and finance. Over the years we have constantly upgraded and refined our international banking capabilities, building a
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      71 38 SHOP FACTORY OFFICE WAREHOUSE SHOP FACTORY OFFICE Whether you are buying a COMMERCIAL PROPERTY or already own one Turn to CCS For Good Rates From Q| No mortgagee or legal transfer cost No processing fee Revolving credit facility available Free valuation Prompt service and fast processing The above is subject
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      166 39 115 V l\ i ir i' »r. l 1 V ill iU i i til al t* I if I 111 a tin i ill! r fit] I 11 vi m ir To a corporate treasurer, time is no longer just money. Its everything. 1 I 5 »i i •L
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      190 40 Orchard Road Only one first class hotel is spot in the middle. The Crown Prince Hotel. To business travellers and holidavmakers alike, it is the 'crown in the jewel'. Spot in the middle of all the action, the life, the colour of Orchard Road. In every direction, there are stores,
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      64 41 4 KUWAIT ASIA BANK E.C. SINGAPORE BRANCH 10 Collyer Quay. #27-06/07 Ocean Building Singapore 0104 Telephone: *****55 Telex: RS ***** KABSIN RS ***** KABSIN Fax: *****60 SERVICES Project Share Margin Financing Trade Finance Investment/Merchant Banking FX/Money Market CONTACT PERSON Josephine Wong Assistant Manager, Credit Marketing. G. N. Setty Manager. Trade
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      117 41 True Partners All successful businesses are built on good personal relationships. With customers. With suppliers. With staff. Banking is no exception. That's why, at Tat Lee, we don't just offer our corporate customers a truly comprehensive range of trade and project financing packages, foreign exchange and investment schemes to suit
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      107 42 IT IS A MOMENT YOU PLANNED FOR. REACHED FOR. STRUGGLED FOR. A LONG-AWAITED MOMENT OF SUCCESS. OMEGA. FOR THIS AND ALL YOUR SIGNIFICANT MOMENTS. 9 m 4 f rt 4 r/ m v\ Hegisterea Model OMEGA ALWAYS MARKS SIGNIFICANT MOMENTS IN THE OLYMPICS IN THE SPACE PROGRAM IN SIGNIFICANT LIVES
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      195 43 Wardley Leading Asia Pacific in Financial Expertise 1988 record net profit of US$6l million, up 10%. Return on shareholders' funds 1986 14%, 1987 33%, 1988 31%. Total assets exceed US$4 billion. Private banking customer portfolios of US$3.7 billion. US$6 billion in discretionary funds under management. Equity issues and offers underwritten
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      664 44 V-. m 1 nlfetflWii r' ►V tt ii 7 i vV-.ViV Mv >rVi-iv-V- >!• SjS R»ts=Vfof fjgf ■>£: »y. Si »7ri ~Io ffc >/. >! &&z T *3 K»5®£-. ■S&&. "><S --W .v? '<?? ftfSllfei wmm&wm «o'c Se5R;. 6 ■:<■: >■ .1 •4^w &S i~. i^, 5K IPs r> cr.-.
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      255 45 m a? oVr fggmM *%M®m SB&si **v i|. a sWv. <3SB 1 iifis^se^ Sr.: tA i-'-c £2t&?x>;>m w<.•tsff S3 S* y •:^<7 <7 f ZZ L V. 5 •£> i-■* *i-:/ Js ffiSW /JP ./If# 3f i v V P *&i¥ m £m4$$; I .2 Sic* r a m -t
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      206 46 Contrary to what they say, smaller customers need special handling. >y r 3k V'jVi A > <*vvU jcrW A >*v t V <* '-+>\ cCV <'/-» < L><V >VT i v 5% a? raff >X> >< r/ T* v 4 .t 1 If you've ever been in this position, you'll
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      76 46 SYSTEMS COMPUTERS FOR TOMORROW^ ENQUIRIES: TEL: *****50 (8 lines) PC/AT TURBO SYSTEM PC/XT Compact Turbo System RELIABLE HIGH SPEED HIGH POWER Tower System OTHER RELATED SERVICES: LOCAL AREA NETWORK (LAN) CUSTOMISED SOFTWARE DEVELOPMENT TELECOMMUNICATIONS WHNG INTELLIGENT BUILDING, HOME KARAOKE SYSTEM COMPUTER WORK STATIONS, COMPUTER SUPPLY AND MAINTENANCE SERVICES. ETC SATCOM
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      150 47 i- M I ;r* 0 > a M s 1 1 r 4 A ?T-: V .-m Y ip. X -t W .Vl *<•' A ry v f >' Jr. More Time to Express Yourself. The Citizen collection has captured your imagination... This exclusive collection of fashion watches with their
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      207 48 *mm 11 3 s^> V < m M I®: CO^ Z -t J V f wm t.~ EM When being one step ahead really matters. Gaining that competitive edge That's what business is all about In all probability, it is the reason why some companies succeed while others fail. Wouldn
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      67 48 1 Shares Index 1979 to 25 Apr 1989 Weekly Closing Values \loging Average High Close: Monitor "< V .V* Vi«™, Stock Market Trends with CHARTAMATIC FROM $250 MONTHLY i, CO COMPREHENSIVE RANGE OF ELECTRONIC TOOLS TECHNICAL INDICATORS A SPECIAL STUDIES 533-1281/2 SES/KLSE STOCKS KLCE COMMODITIES CURRENCIES WORLD MARKET INDICES MORE!
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      119 49 SOTHEBY'S FOUNDED 1744 Impressionist Paintings From The Ortiz Patino Collection 9th May 1989 New York ml ML (A tw Js jr~w Paul Cezanne "Pichet et Fruit sur une Table' circa 1893-94 Estimate US$B-10 Million Chinese Ceramics Works Of Art Property Of British Rail Pension Fund 16th May 1989 Hong Kong
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      169 50 Vice President, Who can you bank on for a simple bank account in Australia? The answer couldn't be simpler It's Westpac Australia's world bank. With a Westpac Advantage Saver account, you can earn high interest on your money, plus 24 hour card access to your savings with a Westpac Card.
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      155 50 WHY START AT THE BOTTOM WHEN YOU CAN START AT THE TOP. No query is too small to demand the attention of our decision makers. You can be assured of the immediate personal attention you deserve at the top. Enquire about all our services. Residential and Commercial Property Loans Hire
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      162 51 A M MOONS I'VE HAD AN OLD CAR I'VE HAD AN ECONOMICAL CAR I'VE HAD A PRACTICAL CAR BUT I'VE ALWAYS COVETED AN EXECUTIVE CAR i i 'U Mi MITSUBISHI I a,., lgr~' *>•> V pHHI THE MITSUBISHI GALANT (Now my life's looking up) The Mitsubishi Galant. All the luxuries
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      250 52 The NCRTotal Branch Automation System. Now more than ever before, banks need the tools of technology to maintain a sharp, competitive edge. For when it comes to people and money, service has become a key word. And in order to give > the kind of a an industry-specific computer system
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      514 53 AT AT ill El 19 AT AT ,i AT AT AT AT .1 ill AT AT AT AT ATP I ain ft AT AT AT ill ®£3 >9 AT AT AT AT ill a t3'§ II AT >11 in m AT AT ill *in 19 AT i I t n
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      315 54 k ii--13 i s*! r. 2S -3B "2 *8 Ultra-thm Royal Oak for Ladies and Men in 18kt. gold, 18kt. gold and steel or all steel and Royal Oak Perpetual Calendar, mechanically programmed up until the year 2100. (Illustrated from left to right) BA *****/722 BA, BA *****/344 BA and
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      248 55 Being sure-footed gives us a winning track record in all fields of real estate. v 1 •J Alt I w* 'sf f A "it W 1 Ht*? *h Y ACHIEVERS In the real estate business, stability and perserverance are revered qualities. Certainly there are many movers-ana-shakers; those that race impulsively
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      87 56 IB BANQUE INDOSUEZ in -7S H Indosuez Asset Management Carr Futures Banque Indosuez Indosuez Asia (S) Ltd (Singapore) Ltd International Pte Ltd 3 Shenton Way #01-05 1 Shenton Way #24-04 3 Shenton Way #24-05 3 Shenton Way #22-04 Shenton House Shenton House Shenton House Shenton House Singapore 0106 Singapore 0106
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      200 56 EFFICIENT PROMPT AND COURTEOUS SERVICE Whether it's for a house or a car, or even a business, we'll offer you a very special loan package (with an equally attractive interest rate) tailored to your needs. Just call at any of our outlets today. We are ready to assist you in
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      266 57 v v--52 3* k kiVvrl V M y i/$ ci d Y was Ssc^4 LylA. t he C/ v t j« are oKof LIFE GOES ONWITH LIVING ASSURANCE Ben Um was dimbing up (he corporate ladder. But one day, Ben was told by his doctor he had to have a
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      47 58 With operating conditions changing rapidly, the search is on for innovative as well as implementable solutions. Our role and contribution global experience, specialist knowledge and creative thinking to challenge conventional wisdom. Spicer Oppenheim Consultants MANAGEMENT CONSULTANTS TO FINANCIAL INSTITUTIONS Hongkong London Los Angeles new York Singapore Tokyo
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      250 59 Stay on top and keep ahead /n the fiercely competitive climate of today's business environment, Butterworths and Malayan Law Journal professional books provide the business intelligence to keep you on the leading edge. Prepared by experienced professionals or experts active in their field and subject to many hours of scrutiny
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      67 59 HEAD OFFICE: 96 ROBINSON ROAD SIF BUILDING, SINGAPORE 0106. TEL: *****98 -WW** HOUSING LOANS FIXED DEPOSITS PROPERTY LOANS CAR LOANS SING INVESTMENTS A/ FINANCE LIMITED BRANCHES: ANG MO KIO BLOCK 715 #01-4006 AVE 6 ANG MO KIO TOWN CENTRE SINGAPORE 2056 TEL: *****88 BEDOK BLOCK 202 #01-479/485 BEDOK NORTH STREET
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      299 60 He A WsWi v "i a \-,2. >< I JF /-V "*>-'« V 4. V*• ;:v f i^S9 -JPp' E& ;-V 1» //£>■*• f y 'Jt -'Wi J* f P|b Is» 3211r V^% S£W f#r?t rfs te.'it J Jmz*m *?mk i, <mm mm my..: *H*BP **T?r4+-f-v r *.Ttifj i.i j
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      80 61 We'll sow and you'll reap r m/* u\ Beijing Tokyo Hong Kong Ban kok Kuala Lumpur 'Singapore 'Jakarta eV SN/ d VqO vNe J-S The Nomura Gixxip is confident of the emerging .ASEAN market. We will work hand-in-hand with the local business community to fully develop the business opportunities in
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      192 62 ESS CLA t i II the vernacular pitched roof, soothing exterior finishing, soft arches and spectacular latticed bay windows. An array of recreational facilities are available for the residents. They include curvilinear swimming and wading pools, BBQ pits, tennis v X VvV N I A court and a clubhouse equipped
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      147 63 Credit POSB. The most affordable way to own your home. Our home financing package makes home ownership more affordable. No frills. No strings attached. No catches. Just the most practical terms so that you own your home without too much hardship. Consider: Competitive interest rates: Ito 5 years 5.00%. 6to
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      379 64 At The Hour Class, we see ourselves as connoisseurs of timepieces. It has led us to some interesting and far-flung places, in quest of the rare and the unusual. Amidst the soaring mountains around Lake Geneva, we discovered T Saphir Horse. It was created by the genius Gerald Genta. Wm
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      83 65 Succeed in multi-million dollar deals with 2 quick moves. 1 Consult Chesterton International 2 Clinch the Deal. Real Estate Agency And Marketing Property Investment Advice Valuation And Development Appraisal Development Charge And Property Tax Advice Property Management Project Management Building Surveying We give you the options. »s» v V c
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      92 66 Friendly Faces K p a m ■\k 1 rf: \\h i V St li v i*. v\ 1, K Wl Quality Service A commitment to customer satisfaction. That's the deep-rooted philosophy which guided us through the years. And brought us to where we are today. It is reflected in the
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      175 67 be slylisetl < allif>nt/fhy used by nm ienl si-nls. \//< h /is Ibis t imhi only be tin iftbered by the elite fen Ihe seal s nmjestii him body, hnnerer. nmild bin i• been clearly ret ns a symbol i>/ Ibe mi/bin ity mid /tim er of Ibe if£nnliny. t'
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      162 68 Cartier SIS r: x A o o AMERICAN TANK mu/f de Cartier BoLtiquer SINGAPORE #01 -36, Lucky Plaza, 304 Orchard Road. Tel: *****27 #01 -04, The Shopping Galery, Hilton International Singapore. 581, Orchard Road. Tel: *****95 <~* r#¥s mTVmATHMiWjMNK igfke financial e Let us put our ft A iJHB V
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      63 69 ,r v M i Vr-% S <; >• S7' m ■h- A Hi •-"Si iit&S -V V' In every market, 24 hours a day, Refco is ready to help you manage risk. Refco Group: world leader in financial risk management through the use of futures and options. REIrGO Hgroupltd. Chicago
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      129 70 THE BURBERRY LOOKS* > m -La ">? m xrtZ k ■n k < y W c > nrc Burberrys OF LONDON 4/® fmFN?A R MiNrk MAR i U HALLEY'S DEPARTMENT STORE ISETAN Havelock; Orchard LE CLASSIQUE METRO GRAND Lucky Pl*m NAN HEN LEATHER GOODS ROBINSONS SOGO FAR EAST SHOP TONf
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      386 71 A Past That Speaks \bhimes For The Futures. You can see at a glance which way the Singapore International Monetary Exchange is heading. Five years ago SIMEX became Asia's first financial futures market trading 421,225 contracts in its first year. Today, we trade almost twice that amount in a single
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      70 71 BOOZeALIJEN HAMILTON MANAGEMENT CONSULTANTS (65) 535 6600 ASIA-PACIFIC BANKING PRACTICE SENIOR PROFESSIONALS BASED IN SINGAPORE: WARREN D. CHINN ROBERT H. GRANT BRIAN N. DICKIE RONALD P. STRIDE MARK GROSSMAN TAN BIEN KIAT PATRICK J. VATH SENIOR VICE PRESIDENT SENIOR VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT PRINCIPAL PRINCIPAL PRINCIPAL ADVISIORS TO
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      241 72 2 yi u s H v A/ rv i /V h /V /V (7, /V S/ 2? <V A/ <V J V r~ /V r <V Ay; rV> /\JV> c ■J <v r" < V 7 1/ rr d A nr THE WHEELS OF FORTUNE can turn for those with
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      427 73 What's the use of a fax phone if it can't receive phone calls automatically? 7 7/ A W/// The new Sharp FO-420. Not all fax phones are the same. With most, fax messages can come in automatically, but not phone calls. If you want phone calls to be received as
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      205 74 Count Bo lis To Make The Most For toil m Invest In Our [xperienee 'X t »t y. V If you're intending to invest in the Japanese stock market, going in by yourself is rather risky. You've got a Herculean task of evaluating the 1,500 listed companies there, just to
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      216 75 Give us a chance to lift your bottom line Now in Singapore. The International Corporate Center. You're a service, trading or manufacturing company looking for cost-efficient ways to manage cash resources. And speedy, dependable ways to move money internationally. It would pay to have a look at the International Corporate
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      238 76 IF YOU SPECIALISE IN FINANCE, SHOULDN'T YOUR INFORMATION SOURCE DO THE SAME? iH s :.»rr nan .M.i« iff i.VW .:::3 In today's financial world, a profit can turn into a loss in a matter of seconds. Which is why 1 1 your screen gets your undivided attention. At Telerate, we've
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      1765 77 SERVICE EXCELLE US 1 A way of life at CONSUMERS all over the world expect their financial institutions to deliver problem-free services competently, and in a timely manner. This seems to be well understood by many companies; most of them having jumped onto the customer service bandwagon, all promising customers
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      1458 78 EXCELLENCE of life at Citibank onsumer market can be lat the key is service They about wanting to be the financial services in imentation on how to fulfil us but is epitomised best atement: "A customer is ion of work he is the approach to service is i painstaking research
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      121 79 pm t x'.mM te CP It) 1 I -t\ I v X v-*^ \SV f* -o >. WM £0.K <A S x#" t ■o ■:<* y ft o >1 r v ft V M* O -A V.<7 o !>V* >4* >$£i 4 Vi v.V i;i& O *tl -f\ V as®
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      496 80 WATCHWORD The bankers' choice THREE Rs describe the types of watches bankers choose reputable, regal and refined According to Mrs Jannie Tay. managing director of Hour Glass, bankers prefer the old name watches those that have a history to their names "Bankers like classic designs A round face, a white
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      134 80 Gross wastage ot expensive office space. Cramped work areas. Lower staff performance. These are some costly sacrifices you will have to make when you divert expensive space to store and scarce manpower to manage your records and A more costefficient alternative is to use offers a low-cost storage option as
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      538 81 THE INTERNATIONAL HERALD TRIBUNE AND THE OIL DAILY ARE PLEASED TO ANNOUNCE A A MAJOR NEW CONFERENCE OIL&, ASIA awl MONEY SLNGU* MyiJNEl44kl9*» THE PROGRAM JUNE 14 ASIA/PACIFIC: POLITICAL PERSPECTIVES Dr. Mohamed Nordin Soplee, Director General, Institute of Strategic International Studies, Malaysia. ASIA/PACIFIC: FINANCIAL PERSPECTIVES Alfred F. Grove, Senior Vice
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      122 82 vJQU simbl f An association of OCBC and Schroders Established in 1970, SIMBL is one of the oldest merchant banks in Singapore. Drawing on its pool of experienced executives, SIMBL provides a range of merchant banking services utilising its proven skills, proprietory knowledge of the Asian markets and broad experience
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      202 82 A SUCCESS STORY "SUITS YOU FINE" SUITS: The clothes that mark your presence in exquisite materials. It embodies the distinctive individual. YOU: The discerning character who demands careful plannina, sound investment, and flawless execution. The individual who knows the fine art of dressing for success. FINE: Delicate materials carefully cut,
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      239 83 Does your bank only deal in a fraction of the world's currencies? JUST HOW GLOBAL IS YOUR PRESENT GLOBAL TREASURY SERVICE? Many banks may claim to be global, but when it comes to solving treasury problems their world can begin to feel very small. No other bank can offer a
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      550 84 y Technology and the W Future Bank 6th Biennial Congress on Financial Technology Applications June 6 8, 1989. Westin Plaza Convention Centre, Singapore Automation of trade documentation procedures and the advent of Electronic Data Interchanges (EDIs) are the newest technologies now being introduced in the banking environment. They will make
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      158 85 For all your property needs For over 200 years, Richard Ellis has been a name property developers, owners and tenants have looked to with confidence leased well over 800,000 sq ft of commercial space and sold over $640 million worth of investment properties in Singapore, when needing expert advise in
      158 words