The Business Times, 11 January 1990

Microfilm: NL16892
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI <P) 170/12/89 THURSDAY, JANUARY 11, 1990 75 CENTS
    11 words
  • FINANCIAL MARKETS SUMMARY
    • Article
      Lock icon Dow Jones down
      46 1 Reuter A LATE DROP on Tuesday and expectations of generally disappointing fourth quarter profits early yesterday weighed down Wall Street stocks, especially blue chips. The Dow was off 10 at 2756 and decliners led gaining issues by five-to-three. However, trading continued slow. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Footsie down
      35 1 AP LONDON share prices were lower at midday yesterday, with the market depressed by poor performances from overseas markets. At 1200 GMT, the Financial Times-Stock Exchange 100-share index was down 17.2 points. AP
      AP  -  35 words
    • Article
      Stock indices
      46 1 Wednesday ST Industrials Index 1,569.52 (+13.04) BT Composite Index 1,367.00 3.91) NST Industrial Index 2,975.08 24.36 HK Hang Seng Index 2,868.00 45.84) Tokyo Nikkei Average 37,696.51 (-254.95 Sydney All-Ordlnarles 1,690.2 0.3 Tuesday New York (Dow Jones) 2,766 00(-28.37 London (FT 30 Index) 1,956.5( 11.5)
      46 words
    • Article
      Exchange rates
      11 1 USs> 145.20y«n 1.***** M S$ 1.8965 £> U551.6618 Ms: 550.7015
      11 words
    • Article
      Simex
      17 1 Evro-S (Mar) 91.95 DM (Mar) 0.5983 Y«n (Mar) 0.*****0 Pound (Mar) 1.6426 Nikkei lnd«x (Mar) 38,230
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    • Article
      Gold prices
      12 1 S'por* (buyer's quote) U*****.90 US$3.lO London (Morning Rx U*****.85 U554.65
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    • Article
      Rubber
      10 1 S'por* February 158.50 cents/kg (-0.50 M'sia February 224.00Mct5/kg (unch
      10 words
    • Article
      KL Tin
      8 1 18.55 Ms/kg 0.20) Tomov«n 160( 33
      8 words
    • Article
      CPO futures
      13 1 Turnover: 1,*****t*{-699 Jan Ms67o/tonrw (onch Feb M5695/tonn« (-8 Mar Ms7os/tonn« (-7
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    • Article
      Prime lending rate
      10 1 6.39 (average of 12 major banks' Pills)
      10 words
    • Article
      Money market
      24 1 THE overnight rate on the Singapore money market fell 1/2 point to close at 4-3/8 per cent yesterday. Short-term rates were unchanged.
      24 words
  • Article, Illustration
    Tokyo market bucks higher regional trend
    197 1 REGIONAL STOCKMARKETS closed higher yesterday except for Tokyo, where share prices closed lower despite a slight recovery in the bond market and a lack of new political rumours. The Nikkei Index lost 254.95 points to close at 37,696.51. "From a price standpoint it seems
    197 words
  • Article
    Mergers abroad may change local electronics industry
    598 1  -  Fewer major companies, more layoffs the likely results By JOHN TAN A SERIES of mergers and buyouts in the global market, including an announcement yesterday by Siemens AG on a proposed takeover of its ailing compatriot Nixdorf Computer, could lead to major changes
    598 words
  • Article
    Lock icon Li Peng lifts martial law and proclaims victory
    549 1 AP PREMIER Li Peng has announced that martial law would be lifted in Beijing from today, proclaiming a "great victory" over counter-revolutionaries. Martial law had been imposed seven months earlier on May 20. two weeks before the bloody June 3-4 army suppression
    AP  -  549 words
  • Article
    Lock icon Japan welcomes decision
    104 1 AP JAPAN, a major source of loans to China, yesterday welcomed that country's decision to end martial law in Beijing as a sign of efforts to improve its foreign relations. The decision "reflects that the situation in China was heading toward stability and the Chinese government's efforts
    AP  -  104 words
  • Article
    Restriction on growth expected
    583 1  -  Reactions to US ruling on computer software By JEFFREY TSANG A US COMMERCE Department's preliminary decision to impose duties on a Singapore-developed software is unlikely to have much impact on the local industry in the short term, but may put a cap on growth. This is
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  • Article, Illustration
    Lock icon KL restructures CIC to include more private sector representatives
    541 1 Reuter MALAYSIA HAS REVAMPED its powerful Capital Issues Committee (CIC). the body overseeing the country's capital market, bringing in top private sector representatives and dropping two senior civil servants. Analysts said the revamp, confirmed by a Malaysian Treasury official, would help
    Reuter  -  541 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      142 1 I'Burbeprysl jj w m I >^jllll| 1 B m* HCW GREAT BNCIFIC AND SIFS GVE SMALL COMPANIES A NO LIFT. As the Small Industries Finance Scheme (SIFS) specialists, Great Pacific Finance can help small companies get big ideas off the ground. In fact, we've built our reputation by responding not
      142 words
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      Page 1 Advertisements Column 2
      41 1 Full report, PAGE 16 Regional Mkta, PAGE 18 World Mkta, PAGE 19 For market indices. Editorial, Advertising Circulation extensions, call Business Times Information Service 730-5155 Business Times address Times House. 390 Kim Seng Road. Singapore 0923 Telex RS ***** Fax 733-5271
      41 words
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      Page 1 Advertisements Column 3
      200 1 COMPANY SERVICES a V n gfc NEWS 11, 12 Aircraft Schedule 6 :11k I i I k I 1 A Sembawang Asian Market 14 Zf J J J expected to tap market Commodities 15 to fund projects Palm Oil. Metals Editorial Comment: 8 Japan 5 m S ia reviewing Produce.
      200 words
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      Page 1 Advertisements Column 4
      118 1 TOTAL TRANSPORTATION SERVICES qjy] tel: 265~3833 CROWN PACIFIC Tfi \%M it "Grand Tavilioti RGSTAURANT (Chinese Swimming Club) Cantonese cuisine takes on a whole new dimension ir ijl <*» Irresistable Lunch Menu r or 4 Persons) I 1. Poached Live Prawns 4. Superior Beijing Roast Duck I 2. Sauteed Cabbage with
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  • HOME NEWS
    • Article, Illustration
      Balancing the business and bureaucratic elites
      659 2  -  Conference on Confucian humanism By YONG POW ANG THE HEAVY EMPHASIS on government guidance and regulations in East Asian economies may create tension between the bureaucratic and the business elites. Professor S N Eisenstadt, a sociologist from the Hebrew University of Jerusalem, made this
      659 words
    • Article
      SICC urges more consultation with govt on policies
      258 2 THE SINGAPORE International Chamber of Commerce yesterday again urged the government to provide greater opportunities (or consultation with the private sector before formulating major policies that affect local businesses. Speaking on Singapore's economic outlook and prospects for this year at a Singapore
      258 words
    • Article, Illustration
      United Parcel Service may set up regional data transmission centre here
      715 2  -  By ANNA TEO SINGAPORE'S excellent telecommunication infrastructure has led courier company United Parcel Service to consider setting up a regional data transmission centre here. "We're studying the possibility of using Singapore as a telecommunication hub for Asia-Pacific." Gregory Dohm.
      715 words
    • Article
      Company accused of dumping will bring waste back here
      240 2 A SINGAPORE company, accused of illegal dumping waste materials on an Indonesian island, will remove the materials and bring them back to Singapore Two Indonesians and two Singaporeans have been charged with having brought the chemical waste, called soap noodle, from
      240 words
    • Article
      MEMO-PAD
      215 2 Seminars and courses Jon 8 Effective Clerical POO Training Ctr P"tonneI Feb 28 Practice Organization Devt (Pfe) ltd Jan 9 Power Control: A Foculty of Notional University Crosi-Culturol Business of Singapore Perspective Administration Jon 9 Effective Clericol POD Training Ctr Personnel Feb 15 Practice Organization Devt (Pte) ltd jon
      215 words
    • Article
      Third quarter saw $1.2b worth of contracts awarded
      402 3  -  By LILIAN ANG AfJOUT $1.2 billion worth of building contracts were awarded during the third quarter of last year, bringing the total value of jbbs handed out in the first nine months of that year to $3.8 billiOn. The Construction Industry Development
      402 words
    • Article
      Caltex to hold training course on oil spills
      85 3 BE PREPARED. That's the message to be conveyed by Caltex at an oil spill training course starting on Monday. The programme, from Jan 15 to Jan 23, is organised by Caltex (Asia) Ltd for participants from Asean countries, Hongkong and the US.
      85 words
    • Article
      Shell increases wholesale prices of petroleum goods
      142 3 PETROL PRICES are set to go up again. Major oil company Shell has raised the wholesale prices of its petroleum products, a move which usually precedes higher pump prices. The remaining five of the six oil companies in Singapore Caltex, Mobil, Singapore Petroleum
      142 words
    • Article, Illustration
      Lock icon Air cargo volume at record level
      241 3 THE VOLUME of air cargo handled at Singapore's Changi Airport grew by 13.2 per cent in the first 10 months of last year to a new record of 473,000 tonnes. This, however, is lower than expected. In the middle of the year, the Singapore
      Source: Singapore Air Cargo  -  241 words
    • Article
      BG George Yeo to launch Malay language month
      78 3 A MALAY Language Month 1990 will be launched on March 2 by Brigadier-General (Res) George Yeo. the Minister of State for Foreign Affairs and Finance. Organised by the Malay Language Committee. Singapore (a body set up by the Ministry of Communications and
      78 words
    • Article, Illustration
      S'pore Technologies venture enters UK aerospace market
      380 3  -  Singapore British Engineering gets $30m contracts By JAYARAM MENON A JOINT VENTURE company of Singapore Technologies (ST) has gained a toehold in the British aerospace market. It has secured contracts estimated to be worth $30 million. "We secured orders which we expect will
      380 words
    • Article
      Northwest to operate two more flights to US from here
      138 3 NORTHWEST AIRLINES is adding two more flights between Singapore and the United States to meet rising demand from American businessmen and incentive groups. The two services, starting in April, fly non-stop from Singapore to Tokyo before going on to eight
      138 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      812 2 The Russians are coming... Meet them at the premiere event "Machine-Tech Soviet '90" For the first time in Singapore, I Umim 1 —«:r:rsi Machine-Tech Soviet 90 would be wAvirrnnov held at the World Trade Centre Hall 5. Dl(ectof M Umon R ch Singapore on 16-21 January 1990. Institute of Medical
      812 words
    • Advertisement
      Page 2 Advertisements Column 2
      19 2 United Parcel Service to advertise on Asian television this yaar, PAQE 7 living rriSlf Each Weekend EXECUTIVE LIFESTYLE in
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      174 2 Global temperatures and weather forecast for Jan 11 city Max/ Note OUTLOOK: Showara HI- over eevaral area* In jogj late afternoon Report for 24 hour* prior Aberdeen 06/04 Windy *> 7.30pm on ion 10 of Amsterdam 08/05 Cloudy A thorn 12/03 Cloudy ,1 j Auckland 22/15 Fair Bangkok 34/23 Shower*
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      157 3 At Singapore Finance, Every Little Customer Counts. Sometimes it's the little things in life that the counter. And it costs her nothing at all to 'interpersonal' skills —in how to relate to their Call it the human factor. It s the personal mean the most. be nice. But she does.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      179 4 A question you must ask yourself about the IBM Personal System/2"' and your business. Whether to harness the power of this broad range of personal computers, from the entry level Model 30 286 to the highly sophisticated Model 80? Or to tread water with any old system? Whether to put
      179 words
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  • FOREIGN NEWS
    • Article
      Lock icon Japanese set up investment centres overseas
      454 5 Making it easier for West to invest in Japan AFP Asahi THE JAPAN Development Bank («Jpß) will set up centres at four overseas offices to promote dirt# investment in Japan by foretan companies in a move to Cfifcnter criticism over the imbalSln investment between
      AFP; Asahi  -  454 words
    • Article
      Lock icon French forego lucrative Taiwan arms deal to preserve China ties
      332 5 AFP HIANCE's reported withdrawal a juicy contract to sell military equipment to Taiwan is set l£breserve the future of its links Iwttn China, and avoid triggering < major crisis between Paris and 3 Beijing. An authoritative source said a Tuesday
      AFP  -  332 words
    • Article
      Lock icon Gulf Arab states seek to cut down on foreign labour
      263 5 AP LABOUR MINISTERS of the seven Gulf Arab countries started a threeday meeting on Tuesday to discuss aspects of developing a national workforce that can gradually take over from the millions of foreign hands they employ. In the six countries
      AP  -  263 words
    • Article
      Lock icon Philippine economy expected to grow by 6pc this year
      409 5 AFP PHILIPPINE economic growth slowed slightly last year to 5.6 per cent, but was expected to reach 6 per cent this year despite a bloody coup attempt last month, government officials said yesterday. The putsch had "no perceptible effect on the
      AFP  -  409 words
    • Article
      Lock icon HK's Executive Council rejects draft Bill of Rights
      334 5 Reuter AOVISERS to Hongkong's governor have rejected a draft of a Bill of Rights because it did not contain a provision to protect it from being overridden by Beijing, government radio reported on Tuesday. A government spokesman said the bill, to protect
      Reuter  -  334 words
    • Article, Illustration
      Lock icon Tokyo, Beijing resume high-level talks
      424 5 AFP Asahi JAPAN will officially host China's State Planning Commission Minister Zou Jiahua for 10 days from next week, an official spokesman said in Tokyo on Tuesday, signalling an end to a ban on high-level contacts between the two countries. In return, Mr Koichiro Matsuura,
      AFP; Asahi  -  424 words
    • Article, Illustration
      Lock icon New incentives for US firms to step up exports to Japan
      574 5 AFP Reuter JAPAN will cut or drop certain tariffs and give tax breaks this year to US companies that increase the sale of manufactured goods to Japan in a bid to boost imports, Japan's Minister of International Trade and
      AFP; Reuter  -  574 words
    • Article
      Lock icon Trade talks to focus on satellites, supercomputers and forest products
      121 5 AFP JAPAN and the United States will discuss trade disputes on supercomputers, satellites and forest products at a working-level meeting in Washington later this month, government sources said on Tueaday. The two sides will discuss differences over supercomputers on Jan
      AFP  -  121 words
    • Article
      Lock icon Oil demand headed for all-time high, predicts IEA
      630 6 Opec needs to show better output discipline to firm up prices Reuter THE International Energy Agency (lEA), the West's energy "watchdog", predicted on Tuesday that oil demand would rise this year and could hit an all-time high. But forecasts in an lEA
      Reuter  -  630 words
    • Article
      Lock icon Soviet adviser warns of energy crisis following consumer goods shortages
      478 6 AP AN ENERGY CRISIS may follow dire shortages of consumer goods in the Soviet Union this bitter winter, a top Soviet economist says. "My assessment is that the situation is very difficult," said Vladimir Kvint, a deputy to Soviet leader
      AP  -  478 words
    • Article
      Lock icon Merck and Philip Morris are most admired US companies
      241 6 AP AMERICA'S two most admired corporations are its biggest maker of pharmaceutical and its largest producer of cigarettes. Fortune magazine said on Tuesday. For Merck and Co. it was the fourth consecutive year the drug maker has topped the magazine's ranking
      AP  -  241 words
    • Article, Illustration
      Lock icon Comecon to draw up new statutes
      489 6 FT THE Soviet-led Comecon trsding bloc, under pressure from Esst Europesn lesders to sdopt drastic reforms. decided on Tuesday to set up s special commission to redraw its founding principles, delegatea aaid. Prima miniatera of tha 10-nation grouping, meeting in Sofia. Bulgaria, adopted a
      FT  -  489 words
    • Article
      Lock icon Italian group to sign US$1b deals with Soviet Union
      120 6 Reuter ITALIAN state-owned energy group Ente Nazionale Idrocarburi (ENI) said on Tuesday that it expects to finalise with the Soviet Union this week a series of deals worth more than US$l billion. The deals would call for ENI to supply industrial
      Reuter  -  120 words
    • Article
      Lock icon Soviet government raises price of gold jewellery
      297 6 Reuter THE SOVIET government, faced with a run on gold, announced a 50 per cent rise in the price of jewellery on Tuesday and said the extra revenue would be used to help fund social programmes. In a further sign of the squeeze
      Reuter  -  297 words
    • Article
      Lock icon Coca-Cola pledges fair competition in Europe
      158 6 AFP US SOFT DRINKS maker Coca-Cola has pledged not to practise unfair competition against its competitors in Western Europe, the European Commission said in Brussels on Tuesday Coca-Cola had promised not to offer reduced price deals to retailers who agreed to sign exclusive sales
      AFP  -  158 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1080 6 ARRIVALS Operator Strvioi Local From number Hmo UAL UA097 0130 IAX/NRT KAL KE697 0220 SEL MHT AWYS IY767 0245 AKl/TSV TMA TL351I 0430 KY/SHJ/KIA SKY HM601 0450 SEZ SU SQ409 0605 MAA tXH LH788 0615 «A SU SQ/ 0645 0€L A1407 •AC IC555 0655 MAA SiA SQ41I
      1,080 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      318 6 CRANFTELD SEMINARS W by CRANFIELD SCHOOL OF MANAGEMENT Im collaboration with PEAT MARWICK MANAGEMENT CONSULTANTS PTE LTD Top Management Seminars To Provide Managers With The Skills To Excel! Cranfield School of Management, one of Europe's leading university management school*, will be jointly conducting with Peat Marwick Management Consultants pte ltd,
      318 words
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      Page 6 Advertisements Column 2
      56 6 W Ik T bu«n« penon't choice every Tuctda*, LV 1 W I %IV I Thundav, Saturday and Sunday. Leaving Qungi If I II JI XI I M M i I M 1 immujKXUJ Airport tnc following ay. Cdll ytmr Irmvrl *frnt or Air Clsn*d* Ml 7J2 #5 J J A
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      81 6 Doonesbury BY garry trudeau DAY 24. FfQCOHSULD(JKSM££IS\\ Mi MISSION H6RB IS TD RBBULC I PONT WANT TO PUT ANY VM£- £5, YOU UJ/TH MR.DUKS, THE PR£55 ON A SH/&JSRJN& I A BAStCMVi WSFUNCTIONAL TABU* ON THIS, BUT WGU&S HAVSYOU HOUJAFPAIR FORC3 BASB NATPON, A COUNTRY WITH NO IS UOLL BB
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Public relations industry in Singapore maturing
      678 7  -  Bi SANGEETA MULCHAND PUBLIC RELATIONS, once seen aa.idvertisi rig's country cousin, apfpars to have come into its o«n last year. are beginning to understand what public relations is all fcbout," the president of the Institute of Public Relations of Singapore (IPRS), Yap Boh Tiong,
      678 words
    • Article, Illustration
      United Parcel Service to advertise on Asian television this year
      750 7  -  By ANNA TEO UNITED PARCEL SERVICE, reputedly one of the most publici-ty-shy American corporations, will begin television-advertising in Asia this year, in Hongkong and possibly Singapore later. Its big break 16 months ago into the Asia-Pacific market, assessed as the
      750 words
    • Article, Illustration
      Batey Ads acquires direct-marketing company
      442 7  -  $250,000 to be invested for DCG's expansion into the region By GENEVIEVE CUA HOME-GROWN advertising group Batey Ads has acquired a direct marketing firm, the Direct Consulting Group (DCG), propelling it several leagues forward in its quest to become a full-service multinational. Batey. which will
      442 words
    • COPY LINES
      • Article
        Saatchi & Saatchi Direct enters PR
        72 7 Saatchi Saatchi Direct enters PR SAATCHI Saatchi Direct will be expanding into promotions and public relations. To reflect the new range of services, its name has been changed to Saatchi Saatchi Integrated. Managing director Paul Lyzba aaid 80 per cent of the firm's work will, however, remain in direct marketing.
        72 words
      • Article
        New Lintas exec directors
        53 7 LINTAS has appointed two executive directors with expertise in research as well as finance and administration. Eric Kok is executive director in charge of planning, research, media and account management. Commercial director Irene Qoh has been promoted to executive director in charge of finance, creative administration
        53 words
    • Article
      Advertising does pay
      412 7  -  -m it Marketing Matters By JOHN SEIFERT John Seifert is managing director/country head of Ogilvy A Mather Singapore A CLASSIC QUESTION about advertising is: How does it impact the bottomline? Until recently. most answers were derived largely based on intuition rather than scientific study. This changed a
      412 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      162 7 THE SHAPE OF BETTER THINCiS TO COME A distinguished design, with excellent features to make this new phase another choicest investment per square foot. Stalutory Land Grant (Estate In Perpetuity) Excellent links to Changi Airport cargo terminal via expressways Strategic and accessible location just five minutes drive Efficient road and
      162 words
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      Page 7 Advertisements Column 2
      166 7 j Rates range from USsso* a night (Standard) to USs7s* (Deluxe) At the new Traders V enj PP rsrsit: Cemer) at USs6s* a night Expenence incredible value and luxury, with A< a red carpet welcome From now until J 31st March igfck iff V :;>v t h*".A *V*f} Jju«. V\-
      166 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Thatcher goes ahead with sell-offs
      1199 8  -  Privatisation has become one of the most striking features of Mrs Thatcher's decade in office. Undaunted by the fact that not all the flotations have been equally successful, she is pushing ahead with bigger and more complex divestments. COTTEN TIMBERLAKE reports. COTTEN TIMBERLAKE AP BRITISH
      AP  -  1,199 words
    • Article
      A revolutionary situation
      470 8 FRANKLY, it was scary. It was one thing to hear the military rebels say on Tuesday that they would not rest till they had brought down the President of the Philippines. It was quite another thing to hear Mrs Corazon Aquino warn the same day that a
      470 words
    • Article, Illustration
      Lock icon Sophisticated computers set to take over in the 'pits'
      996 8 FINANCIAL MARKETS Reuter THE FACE of the financial markets in the next decade may not be a face at all, but a computer screen, as layers of automation spread through every level of trading. A combination of screen-based exchanges, powerful desktop
      Reuter  -  996 words
    • Article, Illustration
      Living in the shadow of two giants
      1084 9  -  The impact of Japan and China on South-east Asia in the Goming decades was :fhe theme of a workshop in Singapore. Foreign Editor ASAD LATIF reports *91 some of the key points made at the discussion. ASAD LATIF A 0 SUPERPOWER detente takes
      1,084 words
    • Article
      Lock icon Glitz and glamour mask troubled times in US
      857 9 CAR INDUSTRY Reuter WITH EXPERIMENTAL CARS and dizzying arrays of new convertibles in all shapes and sizes, the US car industry is putting a wall of glitter between itself and one of the worst sales slumps in years. Detroit and its competition
      Reuter  -  857 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      91 8 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and _jl. issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business
      91 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      35 8 •'fPSP?}-,N I ruermRDSTROKG I FRONT HRLL? I UNTIL- gctdc£JN J *—«-r/^^ r R Ffrc*froe cpgnegs-rug: I I poujn; QgU)f 11 £Res, F* UTH£ N \i J l& scmeTHiNc. F»om ONE. OF my J sp>Tl SFeC^cx^orneg^
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      500 9 oc_ NEC 90 YEARS A LEADER IN TECHNOLOGICAL DEVELOPMENTS A SPECIALIST IN COMPUTERS AND COMMUNICATIONS UNWAVERING DEALER RACK UP SUPPORTED BY A REGIONAL SUPPORT CENTRE OFFERS THE WIDEST RANGE OF COMPUTER PRODUCTS AND PERIPHERALS NOW. ABSOLUTELY NO EXCUSE TO SAY NO TO NEC It's the best-ever deal from NEC Eniov
      500 words
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  • SPORTS
    • Article, Illustration
      Nichols sets record
      576 10  -  WARREN GOLF CLASSIC By CHARLES SAVAGE AMERICAN Jay Nicols sank five birdies yesterday to set a new course record and steal the lead away from Lim Leng Ann. Nichols, all smiles, said: "I'm back in the tournament. I'm very happy." The 24-year-old broke M Marimuthu's 1968 record
      576 words
    • Article
      Lock icon Watson top golfer of decade
      158 10 AP TOM WATSON, who won 18 PGA Tour tournaments in the 1980s, was named golfer of the decade on Tuesday by the Professional Golfers Association of America. Watson, who won the PGA player of the year award for the fourth consecutive time in 1980 and
      AP  -  158 words
    • Article, Illustration
      Lock icon PGA tour in need of some charisma
      322 10 Reuter THE US golf tour, shorn of most of Europe's stars and with Jack Nicklaus and Lee Trevino reduced to a part-time role, enters the 1990s seeking a new infusion of charisma The Professional Golfers Association (PGA) tour boasts plenty of players who
      Reuter  -  322 words
    • Article
      Lock icon Schneider clinches third World Cup slalom title
      320 10 SKIING AP VRENI SCHNEIDER on Tuesday won her third World Cup slalom race this season and launched herself back into contention (or ski racing immortality. The 25-year-old Swiss slalom specialist last year wrote herself into the record books when she won more World
      AP  -  320 words
    • Article
      Lock icon Vatanen scores seventh stage win
      475 10 RALLY Reuter TWICE WINNER Ari Vatanen of Finland shone again on the 11th stage of the Paris-Dakar Rally across 431 kms of winding desert tracks from Tahoua in Niger to Niamey on Tuesday. Vatanen, Peugeot's top driver. has scored his seventh stage win so far
      Reuter  -  475 words
    • Article
      Lock icon Davis struggles to get through
      138 10 TENNIS AFP EIGHTH SEED Scott Davis of the US made hard work of getting through to the quarter-finals of the New Zealand Tennis Open in Auckland yesterday. Playing fellow countryman Dan Goldie, he comfortably took the first set 6-1 and was 5-4 in the second
      AFP  -  138 words
    • Article, Illustration
      Lock icon Knicks overcome Bullets
      604 10 BASKETBALL AP PATRICK EWING scored 35 points, including two go-ahead free throws with 31 seconds left in overtime, as the New York Knicks beat the Washington Bullets 131-127 on Tuesday night despite a seasonhigh 42 points by Bernard King. Ewing made all six of his freethrow attempts
      AP  -  604 words
    • Article
      Lock icon Council takes away Duran's title
      78 10 Reuter THE WORLD BOXING Council (WBC) on Tuesday withdrew its middleweight title from Roberto Duran for failing to send a written agreement to defend his crown. Duran had failed to send the council a written agreement by Jan 8 of his intention to defend the
      Reuter  -  78 words
    • Article
      Lock icon Tyson to fight Holyfield in June
      141 10 BOXING AP MIKE TYSON will defend the heavyweight championship against Evander Holyfield on June 18. a spokesman tor promoter Dan Duva said on Tuesday night. Kathy Duva. the promoter's wife who also serves as publicist, said her husband and promoter Don King had reached
      AP  -  141 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      251 10 SFan INCOM E HORSE An event that happens only once in 60 years 1990 is the year of the Golden Horse, an event that happens only once in 60 years. This policy is suitable for a person who has To celebrate this auspicious year, RISIS has just embarked on a
      251 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon M'sia reviewing Promet deal to develop Langkawi
      488 11 MBT THE MALAYSIAN GOVERNMENT is'reviewing the agreement signed with Promet Bhd for the development of Langkawi. Finance Minister Datuk Paduka Oaim Zainuddin said discussions will be held to ascertain Premet's plans and "if there are no plans to continue, we may repossess the
      MBT  -  488 words
    • Article
      Ming Court unit begins fresh bid for residential property
      233 11 MING COURT Hotel Ltd's appeal to purchase a residential property has been turned down and fresh negotiations through a related company have begun. 'The appeal was made after the Controller of Residential Property turned down Ming Court's wholly-owned subsidiary Stable Properties
      233 words
    • Article
      DIVIDENDS ANNOUNCED
      492 11 Current Ex Books Dote Total tor Total tor payment data ctoaa payable tfte yaar laat year AIS1 I2%U>» Dec 27 ion II Jon 23 12% 10% Amol Steel 8%TE(bl Nov 30 Dec U ion 22 8%Tf 8%TE Avlmo !5%TE Feb 28 Mor 12 Moy 15 25%TE 25%TE Bofv
      492 words
    • Article
      Lock icon Hume to make mandatory offer for the rest of OYL shares
      254 11 Bernama BUILDING MATERIALS manufacturer Hume Industries (M) Bhd is expected to make a mandatory general offer soon to acquire the remaining OYL Industries Bhd shares which it does not already own. The offer documents were expected to be released
      Bernama  -  254 words
    • Article
      Lock icon Antah, Timuran team up to service overseas buyers of M'sian products
      306 11 NST TWO LISTED GROUPS Antah Holdings Bhd and Timuran Holdings Bhd have teamed up to offer services to overseas buyers of Malaysian manufactured goods They have formed a 60-40 joint venture company with a paid-up capital of Msloo,ooo called
      NST  -  306 words
    • Article
      Sports Toto's interim profit rises 4pc
      425 11  -  By MAGDALENE NG SPORTS TOTO Malaysia Bhd. the gaming subsidiary of Berjaya Corporation Bhd, has posted a 4 per cent rise in both its group post-tax profit and turnover to M 514.11 million and M 5114.74 million, respectively, for the six months ended Oct
      425 words
    • Article
      Lock icon Leader Cable signs M$30m deal with Intraco
      225 11 Bernama LEADER CABLE Industry Sdn Bhd of Penang has signed a Ms3o million contract with Intraco Ltd for the supply of telephone cables. Leader Cable was represented by its managing director Mr H'ng Bok San, while Intraco was represented by its deputy general
      Bernama  -  225 words
    • Article, Illustration
      Sembawang expected to tap market to fund projects
      494 11  -  Company could be planning to raise $100 m, says analyst By WILLIAM CHIA SEMBAWANG SHIPYARD Ltd is expected to tap the market for funds to finance its various expansion plans. The company, which suspended its shares yesterday, was expected to issue an
      494 words
    • Article
      Lock icon KFC (M) expects 20pc growth in fast-food industry
      362 11 Bernama KFC HOLOINGS (M) Bhd. a fast food operator, expects the fast food business in Malaysia to grow by 15 to 20 per cent this year, executive chairman Datuk Or Mokhzani Abdul Rahim said. "We aim to capture a bigger share of
      Bernama  -  362 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      9 11 Managers must manage. BT shows you how every Monday
      9 words
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      Page 11 Advertisements Column 2
      217 11 Sembawang completes $5m Thai facilities Shipping Times, PAGE ONE AUDIT COMMITTEES BB WORKSHOP The Companies (Amendment) Act 1989 has made it mandatory for all publicly listed companies to set up an audit committee within 12 months of coming into effect of the Act. The Workshop is designed to give practical
      217 words
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      Page 12 Advertisements Column 1
      615 12 1 B -»oS> \<l /s» 1 •—::=.-s w fl||Tn @L_ i W S4 Mm f OAOANO NtOARA H /JS Es%f2a«» w —*~Ss£s fll MP <MA en* 3 I UM7SOOOOOO *»t>, c e oo r; lr O \l r <#i n [(&&+*v** nn< "iilw" c -2= fJ w r^°^ s L,
      615 words
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      Page 13 Advertisements Column 1
      904 13 T.B :*i n «'on./, /nc I V<p=-= r. I htl fruehauf m p r V 0S» 60.000 .000 f, kP -P-»,.WW hr-f c '."iW t- 'v- 3T G54 e000 vJ jL/ 0M 50.000 000 L U" Thaioii ft J- I K3 s~> f;i ll THAI OIL COMPANY LIMITED <£ U
      904 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Japan warns of action to curb currency speculation
      312 14 Reuter BANK OF JAPAN (BOJ) governor Yasushi Mieno called currency movements since the New Year very speculative and said Japan and other major nations will continue to take strong concerted action against it. He told a news conference in Tokyo that he
      Reuter  -  312 words
    • Article
      Forex markets
      1507 14 SINGAPORE: The dollar ended easier yesterday against the mark but was firmer against the yen on late mark/yen cross activity "There was fresh marks buying against the yen and technically the mark/yen remained firm," said Yoshihiko Ebata, foreign exchange manager of Bank of Tokyo. The dollar's rise would
      1,507 words
    • Article
      IMM
      238 14 CURRENCY FUTURES on the International Monetary Market closed mixed on Tuesday but in the upper end of the day's ranges after recovering from a downward correction in slow trading. Bundesbank president Karl Otto Poehl's remark that further European Monetary System realignment was not on the agenda sparked the decline
      238 words
    • Article
      Simex
      675 14 EURODOLLAR FUTURES ended steady to slightly higher on Simex yesterday after tight-range trade amid caution ahead of last night's US Treasury auction, dealers said. Some said the seven-year note auction is not expected to have much impact on the market and narrow range trading is likely to persist until
      675 words
    • Article
      Precious Metals
      405 14 HONGKONG: Gold closed firmer in quiet trade yesterday helped by US and local buying inspired by rumours about potential political turmoil in the USSR, dealers said. "Although sentiment is fundamentally bullish, potential Australian producer selling at about U*****.50 will prevent gold from rising too far," a dealer said.
      405 words
    • Article
      Money markets
      56 14 THE overnight rate on the Singapore money market fell 1/2 point to close at 4-3/8 per cent yesterday. Short-term retes were unchanged. S$ Interbank rates at the dot* yesterday: orm mo Ow■rig* 41/1 4 J/i 1-owMk 3 3/4 3 J/« 2-MMk 3 1/4 S J/« )-MMh 3 3/4
      56 words
    • Article
      Government securities market
      110 14 Treasury bills Poriod lssu« Yottocday's dosing Doy'i cod* Maturity WO OffW "OH LOW 3 month* BQ*****H 12.04.90 4.23 4.18 4.40 4.19 6 months 8S*****V 18.01.90 4.23 4.18 1 y#or BY*****Z 18.10.90 4.27 4.22 4.26 Government notes end bonds Period Issu# Maturity Coupon Yostorday's dosing Day'> cod* rat*
      110 words
    • Article, Illustration
      World interest rates
      155 14 ttw prim# Inndtng*rs» o1 12 ma)or banks In t'por* Interbank market rates (offer/bid) on Jan 10 US$ t DM SWFC Y«n 4mr* *J/a —ai/4 U 7 J/4 7J/« 10 J/4 *1/2 *3/1 —< ij/u i/i* is i/a —is i/i* r is/i* j/4 s/a sn/i* a* s/l* 1/1*
      155 words
    • Article
      Options
      686 14 CURRENCY FUTURES OPTIONS —mm* Wadnatday January 10 1990 Mlfh L w Lmm DEUTSCHEMARK (8IMEX) 9050 0*cMc*» 0~mpm I I Htg#» LOT M Ma* IM Ml 9125 2A 3 S3 9130 49 5A 5 53 9175 30 9 9 9 54 9300 19 19 19 JAPANESE YIN (MMEX) 6A 7
      686 words
    • Article
      Asian dollar market
      221 14 ASIAN dollar deposit rates finished slightly firmer in quiet trading yesterday, supported by a steady US Federal funds rate and a slight fall in US bond prices, dealers said. They said most operators were sidelined awaiting the outcome of last night's US Treasury auction of US$7.5 billion
      221 words
    • Article
      Comex gold/silver futures
      163 14 Gold futures on January 9, 1990 100 troy oumw USS par troy ounce Ofwn Mtflh Lm Mto Job 90 404.20 1.20 Fefc 404.70 406.30 404.30 406.20 4-1.20 Mo, 400.40 1.20 Apr 410 00 411.40 409.20 411.20 4-1.20 Jun 414 70 416.20 414.30 416.10 >1.20 A«g 419.50 420.00
      163 words
    • Article
      Lock icon Crude Oil and Products
      168 14 Telerate PRICES were stable In light trade yesterday. The overnight rebound in crude prices pulled HSFO futures US$3-US$4 per tonne higher in the afternoon session. While prices of January cargoes held stable, the outlook for February cargoes was uncertain A prompt 20.000 per tonne CST-180 cargo
      Telerate  -  168 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon Brighter future for Gulf banks, mergers expected
      457 15 Reuter THE 1990s look rosier for Gulfbased banks, but bankers in the region say the market is still overcrowded and many of the players are ill-equipped to deal with growing competition at home and abroad. Business confidence will mend as long as the
      Reuter  -  457 words
    • Article
      Still no trade on newly-listed unit trust Blackstone fund
      304 15  -  By QUAK HIANG WHAI A NEWLY-ESTABLISHED unit trust. Blackstone Freddie Mac Mortgage Securities Fund, has been listed on the Stock Exchange of Singapore (SES). But no trade has been reported since its debut on Monday. A prospectus sent to the SES
      304 words
    • Article
      Lock icon US outlines case against 19 Chicago soybean traders
      460 15 Document reveals how much each accused made NYT A WEALTH OF DETAILS has emerged in the US government's case against 19 Chicago soybean traders charged with illegal trading and defrauding customers. In preparation for a trial scheduled to begin in June, a
      NYT  -  460 words
    • Article
      Lock icon Spanish dealers confused by currency's slide
      324 15 Reuter THE BANK OF SPAIN'S acquiescence in a slide in the value of the peseta has caused confusion among many foreign exchange dealers in Madrid who sense a possible policy change but are unsure what the central bank's intentiona are. The peaeta waa fixed
      Reuter  -  324 words
    • Article
      Lock icon Credit card-backed issue well received
      318 15 Reuter THE US$75O million iaaue backed by credit card receivablea launched on Tuesday by ÜBS Phillips and Drew waa the star turn in the primary sector of the Eurobond market. The five-year issue paya 9 per cent and was priced at 100.05 to yield 87
      Reuter  -  318 words
  • COMMODITIES
    • Article
      London Markets
      192 15 London *****1532) Commodity 1mm W: 6624 Exchange Tln (uss/tonn.) Co* 7010/7030 Buyer/Seller dosing prices (6890/6910) on Jon 9 (£/tonne unless 3-mon*» 7115/7120 specified). Previous dosing (7025/7030) prices in parenthesis. S*tri*m*nt 6980 (6850) Coffee Ton* Sal** (1320) Jan 623/635 (635/636) L# High/low 635/620 Co* 444/446 Mar 647/648 (438/439) (655/656)
      192 words
    • Article
      Palm Oil
      556 15 MALAYSIAN crude palm oil prices eased yesterday after initial gains to close slightly lower on light profit-taking and lack of followthrough support, in line with a similar trend in palm oil futures, dealers said. Trading was thin with operators reluctant to take positions amid uncertain price direction and
      556 words
    • Article
      KL Tin
      126 15 THE Kuala Lumpur Tin Mart* price do—4 20 cents higher yesterday at Mslt.Ss a kg on further short covering and overseas demand. Turnover Increased to 180 tonnes from Tuesday s 127 aa miners ware disposing ahead ot the approaching Chlneee New Year festival. The KLTM price differential to
      126 words
    • Article
      Rubber
      173 15 SINGAPORE: Rubber prices closed slightly easier with February 1 RSS buyer quoted at 158.50 cents a kg yesterday. On the TSR-20 Award market. February buyer was quoted at 148.00 cents a kg. MALAYSIA: Prices were mixed yesterday. Feb SMR 20 buyer ended half a cent lower at 209 cents
      173 words
    • Article
      Wheat
      64 15 CHICAGO BOARD of Trade soft red winter wheat futures closed lower on Tuesday. Wheat closed down 3-1/4 to 1-1/2 cents per bushel, with March off 3-1/4 at US$4.O6-3/4. CBOT corn futures closed steady to slightly lower in nearby months. Exporters and a commission house were featured sellers. Corn closed
      64 words
    • Article
      RAS and MRELB
      353 15 RAS prices m 8 ctmVkg, FOB In beta* NOON ClOSC 8uy«rt Sollori 8vyor» Sollon lot 1 RSS Prompt 156.00 157.00N 155.50 156.50 Int 1 RSS Fob 90 159.00 159.50 158.50 159.00 Int 1 RSS Mor 161.75 162.25 161.25 161.73 inf 2 RSS OP 153.25 155.25N 153.00 155.00N
      353 words
    • Article
      Produce Prices
      170 15 Chinese Produce eki fob nsw i65.oo 100% i< ao» 360 Exchanoe Boburfo 20/25% 100% 2nd cio* 330 FOB NSW 125X)0 100% 3rd don 325 SoNort' noon doting pricot on 320 jonuory 10 (SS/100 kg) Nutmeg 3* Coconut oil jrS.X SIS Now drum FOB 95.00 FOB NSW 180.00 33
      170 words
    • Article
      Soybean
      72 15 CHICAGO BOARD of Trade soybean futures closed narrowly mixed on Tuesday. Soybeans closed down 3/4 cent per bushel to 3teady nearby and up 1/4 to 2.0 cents in distant months. March was off 3/4 at USSS.B2-3/4. CBOT soymeal futures closed lower. Soymeal closed off US$O.6O to US$O.3O per ton,
      72 words
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      Page 15 Advertisements Column 1
      355 15 BOUSTEADCO SINGAPORE LIMITED (Incorporated In Singapore) ANNOUNCEMENT RIGHTS ISSUE OF 8,258.066 NEW ORDINARY SHARES OF $1.00 PAR VALUE EACH AT $1.15 PER SHARE PAYABLE IN FULL UPON ACCEPTANCE OR APPLICATION ON THE BASIS OF ONE NEW ORDINARY SHARE OF $1.00 PAR VALUE EACH FOR EVERY THREE EXISITING ORDINARY SHARES OF
      355 words
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  • SES
    • Article, Illustration
      Afternoon rally boosts share prices to new highs
      780 16  -  by ABDUL HADHI INVESTOR CONFIDENCE returned in the afternoon to lift share prices on the Singapore stockmarket yesterday. Brokers attributed the good sentiment to rising expectations over the Chinese New Year rally, which is expected to swing into high gear some time
      780 words
    • Article
      SINGAPORE STOCKS
      234 16 Rises Causeway Wrtj 56% 16.5% 8 iCtnwnt 376 +11.2% +38 CouMway Inv 113 +9.7% +10 FEIS Wrts 1994 250 +8.7% +20 Lum Chang Wrtj 116 +8.4% +9 C C 480 +8.1% +36 Khong Guan 270 8.0% 20 Introco 328 7.9% 24 Jurong Ship 50* 950 -6.7% +60 Lum
      234 words
    • Article
      CLOB INTERNATIONAL
      243 16 Rises MCB Hldgs SOf 290 +17.9% 44 U*n Ho* 56% 10 8% 5% P M R I 50* 202 6.9% 13 AMDI 50* 99% +6.4% +6 B A Insurance 187 +6.2% +11 S P K S«ntosa 154 +6 2% +9 Bohon 195 +5.4% +10 Palmco Hldgs 142 +5.2%
      243 words
  • SES SHARE INFORMATION
    • Article
      MAIN BOARD
      3261 16 Qr's Qr*t 19AA/90 t«i LMt Vol Day Last Quota ON Dhr rid Not M Cop High Low Codo Company Solo or- ('000) Htgh Low B«iyor Sollor C*vr P/E SmN JAN 10 DEBENTURES, BONDS, LOANS 330 124 t 1543 CK Tang WT 1990 300 290 900 73* 88* 1946
      3,261 words
    • Article
      CLOB INTERNATIONAL
      1913 17 Or 1 Or*o \mm Tol Loot Vol Day Loot Quote Ohr ON Vld Not M Cap High Low Codo Company Solo +or- (*000) High Low Svyor SoNor C*w P/l tmi JAM 10 HOMO KONQ STOCKS 980 M0 1738 Cheung Kong 980 710 730 1341 HongkongBank 735 unch 5.2
      1,913 words
    • Article
      SESDAQ
      261 17 179* 00* t 4000 Amtafc Eng 20* 145 2 38 145 143 145 148 SON 86 08 18.4 1232 ISO 70* 4008 Fuji OffMt 20* 118 -2 2 118 118 118 120 10.0N 4 8 1.7 13.0 389 330 138 4001 OB Htdga 10* 308 unch 150 308 308
      261 words
    • Article
      NASDAQ
      255 17 6000 ASK Computer 1975 1900 6001 Adolph Coore 1976 II.. 4637H 3475 8003 Apple Computer 3812H 3750 6006 Charming S 6007 Cipher Data 6010 Datay Syatema 900 I I I 6011 Dread ner Bank ***** ***** ***** 5000 5000 6012 Erlcaeon Tel 5000 ***** ***** III. 3850 2325 6013
      255 words
  • Page 16 Advertisements
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  • KLSE
    • Article, Illustration
      K L prices hit record high
      3151 17 LATE bargain-hunting and speculative buying helped the Kuala Lumpur Stock Exchange (KLSE) to stage a strong recovery after a shaky start yesterday. At the cloee, gains led losses 129 to 56 while 39 other counters were unchanged. Buying of Indexlinked counters pushed back all
      3,151 words
    • Article
      UNIT TRUSTS
      261 17 Manogora prlcm (S) Royal Trust Asset Mflt UOB Management Thai M-o fund lOoc 291 US$19 72 for Jan 11 IT S poro Gr fund I 035 1 095 Unifund B'tfono froddio Mac Fund IT Avo roc Gr fund I 155 1215 Unibond ,Jlr t MARA-Bumiputra Funds (U55) Singapore
      261 words
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  • REGIONAL MARKETS
    • Article, Illustration
      Lock icon Taiwan 'underground' firm could close
      473 18 Reuter TAIWAN'S massive Hung Yuan Group, the island s largest "underground" investment firm, which has amassed more than US$3 billion in deposits in seven years, has hinted that it might have to close. The company announced that it was freezing all withdrawals and interest payments
      Reuter  -  473 words
    • Article
      Lock icon Philippine telex stock gains on first day of trade
      274 18 Reuter THE PHILIPPINES' main domestic telex company opened with gains on its first trading day yesterday on Manila's two stock exchanges despite a generally sluggish trend, brokers said. Philippine Telegraph and Telephone Corp (PTT) rose to 1.54 pesos on the Manila
      Reuter  -  274 words
    • Article
      Lock icon Bombay: Another mixed finish
      131 18 Reuter SHARE PRICES yesterday closed mixed for the second day running after continued institutional selling diluted the bullish sentiment. "Institutional selling was quickly absorbed and there was no damage done," said one broker. "That showed the market's undertone was technically strong." Speculative buying was light, however,
      Reuter  -  131 words
    • Article, Illustration
      Shares up sharply
      1229 18 Hongkong SHARE PRICES rose sharply in Hongkong yesterday with Investors looking to Governor Sir David Wilson's trip to Beijing to yield good news. The Hang Seng Index gained 45.84 points to 2.068 00 and th« Hongkong Index rose 29.76 to 1.882.32. But turnover waa thin at HK5680.97
      1,229 words
    • Article
      Lock icon Manila: Profit-taking continues
      185 18 Reuter MANILA PRICES slid further yesterday on continued profit-taking, but a new stock listed on the exchanges. the first since last month s failed coup, posted gains. "The whole market is generally sluggish at the moment and it's also very volatile. Any bad news can trigger selling
      Reuter  -  185 words
    • Article
      Lock icon New Zealand: Slightly lower
      184 18 Reuter MILD INSTITUTIONAL buying yesterday afternoon helped the New Zealand shsre market regain most of the ground it lost in early trading. Brokers expect the market to hold at around 2,000 points on the Barclays Index, at least till food price and consumer price figuree due
      Reuter  -  184 words
    • Article
      Lock icon Seoul: Shares lose ground
      99 18 Reuter SEOUL STOCKS fell yesterday as investors feared the government might tighten money supply around Lunar New Year holidays later this month, brokers said. The compoaite index stood at 911.47 near the close, down 8.74 points from Tuesday s finish. Turnover was a moderate 322.1 billion
      Reuter  -  99 words
    • Article
      Lock icon Taipei: Broadly higher
      475 18 Reuter TAIWAN share prices ended brosibly higher yeeterday after a volatile day of wide swings sparked by conflicting report* on the health of the giant Hung Yuan underground inveetment company. The weighted index, which dropped sharply in early trading, ended 63.42 points (0.6 per cent) higher at
      Reuter  -  475 words
    • Article
      Lock icon Bangkok: Index edges higher
      202 18 Reuter THE STOCK Exchange of Thailand Index yesterday closed with a 2 23-point gain at 912.18. Turnover stood at 21.437.445 shares valued at 2,563.42 million baht. The Bookclub Index also rose 3.04 points to 798.39. Reuter JAM 1* BAHT *1Amartcan Standard Ao Kha/n Thai 400 unch
      Reuter  -  202 words
    • Article
      Lock icon Jakarta: Index up, volume down
      97 18 Reuter PRICES on the Jakarta Stock Exchange continued to rise yesterday, bringing the index 8.45 points up to 449.84. but turnover fell to 2 80 million shares from 3 08 million on Tuesday, the exchange said. "Local players are getting excited with the recent price
      Reuter  -  97 words
    • Article, Illustration
      Lock icon Broadly lower
      534 18 Tokyo Reuter INDEX-LINKED buying, mostly of the key Nikkei index, took Tokyo share prices out of their troughs yesterday afternoon but they still closed broadly down in thin trade. A slight recovery in the bond market and a lack of new political rumours encouraged buyers. "From a price
      Reuter  -  534 words
    • Article, Illustration
      Lock icon Rally after sharp fall
      552 18 Sydney Reuter AUSTRALIA'S share market yesterday stsged a strong recovery from its shaky start, despite the negative influence of weaker overseaa markets. The All Ordinaries finished 0.3 points up at 1,690.2 after bouncing off a low of 1,679.4, reached shortly after the start. Dealers said the
      Reuter  -  552 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      338 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE SCHOOL OF MOTORING (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Members of the Company duly convened and held at No. 36 Robinson Road #18-01, City House, Singapore
      338 words
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      Page 18 Advertisements Column 2
      267 18 In the Matter of The Companies Act, Cap. SO and Chatani Bros. (Pte) Ltd (In Members' Voluntarily Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 6001 Beach Road #12-02 Golden Mile Tower, Singapore 0719 on Tuesday, 9th January, 1990 at 10.00 a.m. the
      267 words
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      Page 18 Advertisements Column 3
      225 18 lIOIItfIICCBSSFUL OF I'YOwR BOSINES#?] Each Monday MANAGEMENT pages in segl|iMß iwff Tllr LrIVUIU J.J. KJI, Each Weekend EXECUTIVE LIFESTYLE 77 in Jk-fcf I i11i.4 LOST CERTIFICATES The following certificates have been reported lost, mislaid or destroyed Name of Company Cartrf icate Nov In tha Name of No. of Shares Electro
      225 words
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      Page 18 Advertisements Column 4
      6 18 Seoul prices were not available 737-1166
      6 words
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  • WORLD MARKETS
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1573 19 Reuter MILAN: Italian shares were mixed to higher in early trading yesterday in Milan, with strong buying interest continuing in the banking sector due to expectations of good results and the prospect ot eventual stake sales once legislation is finalised, dealers said. The MIB Index was 0.10
      Reuter  -  1,573 words
    • Article, Illustration
      Stocks fall sharply in early trade
      896 19 London LONDON shares fell sharply yesterday morning as a 28-point slide on Wall Street further sapped confidence in a market which only a week ago was at a record high, dealers said. "The euphoria's been replaced by uncertainty both here and across the Atlantic.
      896 words
    • Article
      Lock icon Apricot seeks foreign partner
      509 19 UK computer group's revamp plan FT APRICOT COMPUTERS. Britain leading independent supplier of high-perfor-mance workstations, is seeking an overseas partner to share development costs and open new markets. Mr Roger Foster, chairman, said Apricot was in discussion with a number of potential partners in the US
      FT  -  509 words
    • Article
      Lock icon Bristol-Myers writes off merger charge
      224 19 NYT BRISTOL-MYERS Squibb Co is writing off US$B55 million in the fourth quarter of 1989 to cover the costs of the Oct 4 merger of Bristol-Myers Co and Squibb Corp. The company said it would take a pre-tax charge of US$74O million for the costs
      NYT  -  224 words
    • Article, Illustration
      Lock icon Late selling depresses stocks
      820 19 New York Reuter PROGRAM SELLING in the final hour of trading on Tuesday tripped up US stock pricee and erased the 21-point blue chip gain made on Monday. Analysts said the market was further weighed by concerns about US corporate profits and an uncertain economic outlook.
      Reuter  -  820 words
    • Article
      Lock icon N American groups keen to buy Israel's Koor Industries
      439 19 Reuter AMERICAN and Canadian investors ars discussing buying ailing Koor Industries Ltd, Israel's Isrgest industrial concsrn. An Isrseli Treasury official said in Tel Aviv on Monday that Shamrock Holdings of California Inc and the Cana-dian-American Belzberg group had separately expressed interest
      Reuter  -  439 words
    • Article
      Lock icon UAL stock buoyed by expectation of major deal
      356 19 Reuter THE DECISION by UAL Corp's board to study recapitalising the airline company lifted UAL stock on Tuesday as many traders were persuaded that some UAL deal, whether a recapitalisation or buyout, will occur soon. By asking their advisers to study recapitalisation
      Reuter  -  356 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      48 19 Hope someone will pick up your pick-up? If you have something to sell, you can sell it faster through the Classified. The Straits Times Classified helps you find users for your products or services, everyday. So remember JUST A CALL DOES IT ALL ft* \f t C.A.T.S. 737-114*
      48 words
    • Advertisement
      Page 19 Advertisements Column 2
      71 19 $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS Privatisation takes shape a Ad chiaf calls for greater recognition of local talent a How CEOs are coping after their Seeded listings e Those vital back office people e Local watchmakers move upmarket e Insurance agents lay groundwork for self-regulation a Rent a
      71 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      812 20 f Where tv entertain... Where to entertain... Where tv entertain... Where tv wmmmmmmmmmmmmmmmm, TRY KARAOKE AT j s a j Top 40s Broadway. Sentimental. Country Western Japanese and Mandarin selections available too. Sunday Thursday: 6pm- lam Friday. Saturday 6pm 2am PH Kve Plaza Hotel SINGAPORE wAßM*coLoa«rmL*inviTiNc Hcarh Knad SaippwrU7RlTH .IMIIIMI
      812 words
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      Page 20 Advertisements Column 2
      139 20 5?8 y j Enjoy a sumptuous Guangdong/a^unuw^JMgflHl 27 2 JBW Prawns, Crabs, Steaks, Chops, Satay, Otak-Otak.... barbecued to perfection at COFFEE GARDEN (Open 24 hours daily) Sit back relax in a cosy, comfortable ambience as our chefs barbecue your favourites for you. Available as set menus or a-la-carte, every choice
      139 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      754 20 [U1 MM AM Q lIP 19 600 Arena The Worlds Biggest 6.45 One Plus One (C). 8.34 Azan Isyak. PnOQTinn TIITIP !i Bookshop (M. Last Ep). too News at Eight (C) 840 Sandiwara Semasa (Contd). lil rriU lIU 111 lIC 1M 0,. A ftmanl an(i 630 Bobobobs. 8.30 Studio One
      754 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Japanese women fighting for equality
      540 21  -  SEX DISCRIMINATION By ELISABETH ZINGS AFP FROM denouncing sexual harassment to refusing to be excluded from the world of sumo wrestling, Japanese womdn are raising their voices in a society dominated by men. The task of changing values is not easy, as attested by the
      AFP  -  540 words
    • Article
      Lock icon Getting Spanish men to break plates
      743 21  -  By STEPHEN BROWN Reuter THE Spanish government has scolded the country's male population for not breaking enough plates. It is nothing to do with another exotic Spanish fiesta, but an advertising campaign aimed at smashing "macho" men's traditional contempt for housework and dragging them
      Reuter  -  743 words
    • Article
      Lock icon Electric cars make it to test track, but unlikely to hit the road yet
      564 21 MOTOR VEHICLES Reuter THE ELECTRIC CAR is out of the laboratory and on the test track, but it's not likely to show up on the road just yet, industry executives in the US say. The chairman
      Reuter  -  564 words
    • Article
      Lock icon A show on royal miscellany
      172 21 ART AFP NAPOLEON'S 1815 letter of surrender to Britain's Prince Regent in 1815, and a letter by King George 111 complaining about the rebellious American colonies are among royal memorabilia to go on show in London for the first time in March. Other objects to
      AFP  -  172 words
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      166 21 entertain.,., I I Hours In I jl Our early evening Happy Hoard at The H jl Fountain lounge are dimply delightful. For II jl every drink you order you get the next one free. 11 I Plu. f, you get 25% off bottle purchases. And II to make dure you
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      Page 21 Advertisements Column 2
      264 21 I PRINCESS I I Great Meals in an I Intimate Setting I For a delightful but informal meal, come to our 24-hour coffee house. Savour Penang's best Chao Guo Tiao and Fu Ji&n Mian; Porridge, Hainanese Chicken Rice and more! An ideal rendezvous for meeting friends relax and enjoy a
      264 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      619 21 J CRYPTIC PUZZLE 1 Don't let the pace get —HH H__^ —L_J— 7 Fascinating job? (8) 8 Ancient Roman cat lov- —4— 10 Tasted wrong, it's said 11 Sail meanderingly Britain JH 14 Dry in a moment (3) 16 Gummy stuff used in 26 I |27 I making reins (5)
      619 words
    • Miscellaneous
      Page 21 Miscellaneous Column 2
      703 21 RADIO Radio 5 Highlight ic bomb fell on Hiroshima. That Sixty Minute Theatre, 9.00pm n, 9 h < there was a full moon. The Night of the New Moon by Lau- nr%/% m jli rens Van Der Post. In this dramatisa- DDL HlgHllgHt tion by Brian Sibley, the author You
      703 words
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  • Article
    Lock icon Japan stresses partnership, not rivalry, with the US
    504 22 America will remain world's No 1 economic power: minister AP JAPAN'S top trade C ?ial is stressing partnership >r than rivalry with America etings with US industrial and government leaders. Minister Hikaru Matsunaga. head of the powerful Ministry of International Trade and
    AP  -  504 words
  • Article
    Lock icon Taiwan likely to face higher capital outflow, deficit
    337 22 Reuter TAIWAN is expected to suffer increased capital outflow and invisible trade deficits this year because of higher overseas investment and a rising exodus of individual emigrants, bankers said. They estimated the capital outflow and invisible trade deficit at about US$ll billion
    Reuter  -  337 words
  • Article
    Lock icon Japanese premier welcomes stronger European single market after 1992
    258 22 Reuter, AFP JAPANESE Prime Minister Toshiki Kaifu said yesterday his country welcomed the stronger Europe that would emerge after the European Community completes its vast single market at the end of 1992. "We are paying very close attention and we have
    Reuter,; AFP  -  258 words
  • Article
    Lock icon Japanese investment in South Korea expected to fall further
    179 22 Reuter JAPANESE investment in South Korea will keep falling because of rising wages, an appreciating won and labour unrest, while firms will put more cash into cheaper South-east Asian nations. analysts and businessmen in Tokyo said. Official figures show South Korea
    Reuter  -  179 words
  • Article
    Lock icon US increases pressure on Taipei to open markets, warns of retaliation
    149 22 Reuter THE US yesterday urged Taiwan to make greater efforts to open its markets and warned that Taipei was not beyond the threat of retaliation from its largest trading partner. "Taiwan must now begin to meet its trade obligations,"
    Reuter  -  149 words
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    Lock icon EC tentatively says yes to Moscow's bank stake
    545 22 Reuter THE EUROPEAN Community has tentatively agreed that the Soviet Union should have the same stake as major Western countries in a proposed new development bank for Eastern Europe. EC diplomats said on Wednesday. But in return for an 8.5 per cent
    Reuter  -  545 words
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    Lock icon Banks agree on plan for Eurotunnel
    309 22 AFP CREDITOR BANKS agreed overnight to recommend the freeing of credits for three months for the building of the cross-Channel tunnel, banking sources in London said yesterday. The 22 banks heading the consortium of 208 banks financing the tunnel project recommended after day-long talks
    AFP  -  309 words
  • Article, Illustration
    Hardliner confirmed as chief of Xinhua in Hongkong
    448 22  -  By FOO CHOY PENG THE Xinhua News Agency s Hongkong branch yesterday confirmed that Zhou Nan. a hardline vice-foreign minister, is to take over as its chief. The confirmation by a senior Chinese official at Xinhua. China's de facto embassy in the
    448 words
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    Lock icon Airports seen as growth sector for Indonesia
    210 22 Bernama THE AIRPORT development industry in Indonesia has been singled out as one of the most viable and potential ventures which will enjoy further growth towards the next century. This is in line with the government's move to boost the tourism sector. Communications
    Bernama  -  210 words
  • Article
    Lock icon Langkawi: M$12m approved for development programme
    373 22 Bernama THE MALAYSIAN government has approved a special allocation of Msl2 million for the development of Langkawi, Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday. The special allocation would be used for purchasing land for the construction of more hotels whose operation would
    Bernama  -  373 words
  • Article
    Lock icon Comex gold
    84 22 Reuter COMEX gold futures moved up on early buying against a weak dollar but the support leveled off at last week's highs. The February gold contract rose US$4 50 to US$4O9 50 an ounce which matched the high last Friday. Analysts said the firmer tone of gold in
    Reuter  -  84 words
  • Article
    Lock icon South Korean ' government offers to lend surplus rice to other countries
    266 22 South Korean government offers to lend surplus rice to other countries AP FACED with a glut of rice. South Korea has offered to supply several countries with a total of 400,000 tonnes on a long-term loan basis, a press report said yesterday. The Yonhap News Agency, quoting an unidentified government
    AP  -  266 words
  • LATE FILE
    • Article
      Lock icon Steel mills planned in Johor
      54 22 AP TAIWANESE and South Korean companies plan to build integrated steel mills soon in Malaysia's Pasir Gudang Free Trade Zone. Muhyiddin Yassin, chief minister of Malaysia's Johor state, said the Taiwanese mill would cost MsB.s billion and the Korean mill M 52.5 billion, reported Bernama
      AP  -  54 words
    • Article
      Lock icon Develop advanced technology: Roh
      54 22 Reuter SOUTH KOREAN President Roh Tae-Woo yesterday called on the business community to develop advanced technology to help the country's troubled economy. He said his administration would strive to raise South Korea's science and technology standard to that of the world s great economic powers by
      Reuter  -  54 words
    • Article
      Lock icon Call to settle HK issue honourably
      42 22 AFP BRITAIN must settle its accounts with Hongkong, its last major colony, in an honourable way. Foreign Secretary Douglas Hurd wrote in the Daily Telegraph yesterday. Mr Hurd is due to go to Hongkong on Saturday.
      AFP  -  42 words
    • Article
      Lock icon Way cleared for Aung in polls
      55 22 AFP RANGOON election authorities yesterday cleared the way for Burma's most popular opposition leader, Aung San Suu Kyi, to run in upcoming general elections. Sources in Rangoon said the authorities waived an objection raised by a candidate who is to run against her in
      AFP  -  55 words
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      Lock icon Pyongyang's plan welcomed
      37 22 AFP SOUTH KOREAN President Roh Tae-Woo extended an olive branch to the communist North in Seoul yesterday, welcoming a free travel proposal by Pyongyang and announcing a reduction in military exercises with Washington. AFP
      AFP  -  37 words
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      Lock icon Alatas calls for informal meeting
      55 22 Reuter INDONESIAN Foreign Minister Ali Alatas suggested yesterday that an informal meeting on Cambodia be held in Jakarta in the third week of February. He said in Bangkok that those taking part should include Asean, Australia, Vietnam, the Ha-noi-installed Phnom Penh government and the Coalition
      Reuter  -  55 words
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      145 22 A What o you do if some of your guests want I to eat seafood and others prefer Vietnamese food? No problem!!! Bring them to MEKONG VILLAGE Vietnamese Seafood Restaurant. We serve Singapore's famous seafood and Vietnamese cuisines under one roof!!! SET LUNCH SPECIAL Enjoy a delicious 6-course Vietnamese Set
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      Page 22 Advertisements Column 2
      5 22 More stories on Page 5
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      173 22 M'sla reviewing Promet deal to develop Langkawl, PAGE 11 The silver report was not available at press-time SINGAPORE: 9 410 FEB JKL:I6 17 FEB 1990 j —MARTIN J. PRING— Technical I Analysis 1 Structured to accomodate all levels of Bp experience, this seminar will benefit evcryWm one whose professional decisions
      173 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Extra flight to Ho Chi Minh City
        62 23 AFP AIR FRANCE IS TO ADD a third weekly flight to Ho Chi Minh City in South Vietnam to its schedules in June, informed sources said in Paris on Tuesday. The new flight, via New Delhi, will carry both passengers and freight, and
        AFP  -  62 words
      • Article
        Lock icon Vessel sinks north-east of S'pore
        49 23 Reuter THE PANAMANIAN VESSEL Kara is reported to have sunk in the South China Sea north-east of Singapore on Jan 7, Lloyds Shipping Intelligence Service said. The crew abandoned the 5,936 dwt vessel and were picked up by a helicopter sent from Singapore. Reuter
        Reuter  -  49 words
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        Lock icon French wheat to USSR loaded
        61 23 Reuter THE FIRST SHIPMENTS of 1989/90 French soft wheat to the Soviet Union have been loaded on a Soviet vessel, sources at the port of Rouen said. The Soviet ship Marshall Zhukov began loading about 50,000 tonnes of wheat in Rouen on Monday and was
        Reuter  -  61 words
      • Article
        Lock icon Walesa's appeal to Eritrean rebels
        62 23 Reuter POLAND'S SOLIDARITY LEADER Lech Walesa appealed to Eritrean rebels for the immediate release of 30 Poles, whose ship was attacked in the Red Sea last Wednesday, and whom they are reported to be holding. "I appeal for the immediate release of the 30 Polish
        Reuter  -  62 words
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        Lock icon Alaskan oil line unaffected
        78 23 Reuter THE ALYESKA PIPELINE Services Co said Alaska's 800-mile long crude oil pipeline is operating normally following Monday's volcanic eruption at Mount Redoubt and an earthquake on Sunday in the state. Operations have not beea affected by either event, said a spokesman for Alyeska, which operates
        Reuter  -  78 words
      • Article
        Lock icon Official explains oil tanker spill
        111 23 AP THE MANAGING DIRECTOR of Iran's tanker company said on Tuesday that its damaged tanker in the Atlantic was in danger of spilling more oil because Spain and Morocco would not allow it into their territorial waters, the Islamic Republic News Agency reported. Mohammed Souri,
        AP  -  111 words
    • Article
      Lock icon Club Med inaugurates first 'floating' vacation village
      184 23 AFP THE FRENCH firm Club Mediterranee, the world's leader in vacation villages, inaugurated its first village "afloat'' on an ultramodern sailing vessel dubbed the Club Med 1 in the northern French port of Le Havre on Tuesday. The vessel, which cost 580 million
      AFP  -  184 words
    • Article
      Lock icon Foreign ships used in smuggling off south China coast
      285 23 AFP CHINESE. Hongkong and Macau smugglers are increasingly hiring foreign and Taiwan ships to deliver their contraband on the south China coast, a pro-Beijing newspaper said yesterday. The Ta Kung Pao daily quoted Chinese customs sources in neighbouring Guangzhou as saying
      AFP  -  285 words
    • Article
      Index to advertisers
      918 23 Pag* Column A W«l Marine Fourteen 3 ABC Contoinerline Thirteen 5 Accord Shpg Ten 3-5 Albotros Seo-Air Seven 5 A PC line Seven 5 API Five 3 5 AfS Thirteen 3 Arrow lines Nine 5 Avon Express Si» 4/5 ANl Three 1/2 ASCI Five 1 Bolt Canodo
      918 words
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      PSA signs $83m deal to buy quay cranes from C Itoh
      334 23  -  By RAHITA ELIAS THE PORT of Singapore Authority (PSA) is forking out SsB3 million to buy 10 more quay cranes from Japan for its Tanjong Pagar Terminal (TPT). The 10 units of 40-tonne quay cranes from the C Itoh
      334 words
    • Article, Illustration
      Sembawang completes $5m Thai storage facilities
      393 23 TWO SEMBAWANG Engineering subsidiaries have just completed two contracts worth Sss million to build storage facilities in Thailand. The first contract worth $2.3 million was for a 2,500 cubic metre spherical tank fitted with unloading pumps. The second worth $2.7 million was for a
      393 words
    • Article
      Accord sets up subsidiary in the Philippines
      313 23  -  By AL O LABITA By AL O LA BIT A, writing tor Shipping Times from Manila ACCORD SHIPPING, a Singaporebased non-vessel operating common carrier (NVOCC), has established a subsidiary in the Philippines. The subsidiary, to be known as Accord Container Line Philippines (ACLP),
      313 words
    • Article, Illustration
      Building up a core team of trained workers for Singapore's shipyards
      1126 24 Faced with a shortage of suitable personnel, more yards are now willing to sponsor students for both the Ngee Ann Polytechnic diploma course and the Vocational and Industrial Training Board's apprenticeship training scheme. While these programmes cannot possibly expect
      1,126 words
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      SHIPS IN PORT
      1619 24 AT CONVENTIONAL WHARVES HMl voy HO U9I SI Arrival utpinuri t# I >AJt WllirfWi &.KO' 01/90 K34 oiongwto 10X11/ 1400 ClAfedro* 26 w KI7 olongrtto 111)1/1300 Cfl* Rmboud 01 NO GO* 1001/ 1400 tquoro- Groc 190f MO otongwto 1104/1200 (quo*o> Joy l/90f 130 oiongwto 1101/0700 Gl S*k»or
      1,619 words
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      Consortia
      157 24 THE MAJOR shipping consortia operating between Far East/Europe, Far East/Persian Gulf. Straits ports/Australia. Straits/Japan, Far East/Mediterranean and Far East/South Africa: TWO (Far Eaet/Europe): Ben Line Containers Hapag-Lloyd Mitsui OSK Nippon Yusen Kaisha P O Containers Ltd ACE (Far East/Europe): "K" Line Neptune Orient Lines Orient Overseas Container Line OASIS
      157 words
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      Cockett bunker report
      557 24 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
      557 words
    • Article
      London Freights
      1061 25 QUIET conditions again characterised the dry cargo freight market on Tuesday. Brokers said visible enquiry from Japanese charterers had been lower than expected after last week's holiday in Japan. However, there was sufficient interest to cover much of the available tonnage because many combination carriers are currently employed
      1,061 words
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      SHIPPING LIST where your ships are due...and when
      10930 30 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore
      10,930 words
    • Article, Illustration
      Lock icon S Korea enjoys second straight year of good business
      379 36 Reuter SOUTH KOREA'S shipping industry enjoyed its second prosperous year in a row in 1989, with pre-tax profits amounting to 63.8 billion won (U5595.2 million), official figures showed on Tuesday. The annual profits were, however, a slight decrease from the 64.3
      Reuter  -  379 words
    • Article
      Lock icon Three firms resume major natural gas project in China
      263 36 AP THREE FIRMS FROM JAPAN, the United States and China have resumed steps to launch a US$l billion joint project to develop a natural gas field in China, a Japanese official said on Tuesday. It would be the first commercial liquefied
      AP  -  263 words
    • Article
      Lock icon Last phase of twin pipeline inaugurated
      138 36 AP THE OIL MINISTERS of Saudi Arabia and Iraq on Tuesday formally inaugurated the last phase of a twin pipeline across the Kingdom that will considerably boost Iraq's oil export capacity. The Kingdom's Hisham Nazer and his Iraqi counterpart, Issam Abdul-Rahim al-Chalabi. inaugurated the
      AP  -  138 words
    • Article
      Indonesia's plywood exports will continue to increase this year
      336 36 INDONESIA'S plywood exports, which supplies about 70 per cent of the world market, will continue increasing this year, says the chairman of the Indonesian Wood Panel Association (Apkindo). Chairman Bob Hasan said the country's plywood exports would increase to about US$3
      336 words
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      Lock icon Outboard Marine expects first quarter loss
      187 36 Reuter OUTBOARD Marine Corp said that due to a continued low level of industry demand for boats and motors, it expects to report a loss for its first quarter ended Dec 31. 1989 The loss is expected to be in a range of US$l5
      Reuter  -  187 words
    • Article
      Shipping diary
      539 36 Jan 4-14 International boat show, Earls Court, London. Jan 15-Sept 30 Diploma In Shipping 6 Port Menagement: Conducted by Port of Singapore Authority at Training Department, Tanjung Pager Complex. Tel: *****25. Jen 18 International shipping and the employment opportunity, lecture, Nautical Institute London Branch, 1830 hours, The Naval
      539 words
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      34 23 ISBI A lively BBSbb way with MOMS words Available at all good bookthops —"SSBBBBSSS Fed ra< PuWteaHont For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
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      Page 23 Advertisements Column 2
      18 23 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National VJStsljiffvJ Shipping Association.
      18 words
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      Page 23 Advertisements Column 3
      129 23 How to look after AtxilabU loetlciy at major STP Distributors bookshops wtd news-stands Singaport '90 a BT special supplement Following a successful debut last year, Business Times' second maritime supplement will be published on February 7,1990 the very day that the Singaport '90 conference and exhibition begins. The supplement will
      129 words
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      Page 23 Advertisements Column 4
      167 23 INSIDE Training up a core team FACED WITH a shortage of suitable personnel, more yards are now willing to sponsor students for both the Ngee Ann Polytechnic diploma course and the Vocational and Industrial Training Board's apprenticeship training scheme. While these programmes cannot possibly expect to resolve the acute shortfall
      167 words
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      128 24 I ANNOUNCEMENT J 1 I I WtfjojjjM I I KYOWA SHIPPING CO. LTD, TOKYO I 1 Regular Monthly Service to Guam, Saipan I Micronesia and South Pacific Ports I 1 TAKES GREAT PLEASURE IN I 1 ANNOUNCING THE APPOINTMENT OF I I SSWS I SEAWAY SHIPPING PTE LTD I 1
      128 words
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      Page 24 Advertisements Column 2
      93 24 Contact telephone numbers (Tanjong Pagar Terminal) Section 1 Section 2 Section 3 Berth telephone Berth telephone Berth telephone C 1—*****20/*****92 C 4 *****24 C 8 *****63 CIN —*****20 C 5 —*****43/32! 1145 C 9 *****84 qs *****92 C 5N *****43 CIO *****70 C 2 *****51/*****53 CSS *****45 Cl 2 *****54/32U242
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      2167 25 WlNft AfflWß %11IF# 200 Cantonment Road #12-06 South point. Singapore 0208 "Iff* T«t *****11 TELEX NO RS ***** flTlTtll TERMINAL/CFS Tei *****1* 220 Cfluua T m bookings t«i *****34 zss PESAKA JAROINE SHIPPING AGENCIES SON. IWO. WUi PORT KELANG TEL: 304 US Tele* No. WaHnPPM PENANG TEI *****4 TELEX NO
      2,167 words
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      Page 25 Advertisements Column 2
      2325 25 Vmml Voy ETA ETO "Port *P*nang M SANTO CONNECTING nCCTIkI ATlrtklC MARCHEN M 9002 DESTINATIONS 0" AT HKQ Singapore Kelang This ww* M Santo 9004 M Ck»*ng Tm Feedtr by ®SJ2J2!fiSEE3E3HEXZ23H2ZiE22BSE323G3! H CV I*l 0400 MRS M Farco 4 Hi CFS 15/1 1800 MRS M Tauro OAK LOB HOU MEM
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      1113 26 I W K LhJ IH>I HiXifllU^ ROTTERDAM/) VOY NO S PORE P KELANQ SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE BONN EXPRESS 06/506 11/1 12/1 30/1 2/2 4/2 5/2 7/2 CARDIGAN BAY 93/504 11/1 5/3 30/1 1/2 29/1 4/3 BEN ALDER 93/506 17/1 18/1 6/2 8/2 10/2 11/2 13/2 KUfIAMA 03/507
      1,113 words
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      614 26 pOUTnACIFICSERvff^^^^ SIN LAE SUV PPT I ISLA FLOREANA 23/1 7/2 14/2 20/2 AGIOS SPYRIDON 26/2 10/3 18/3 24/3 I DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 23/1 2/3 4/3 7/3 AGIOS SPYRIDON 26/2 6 4 8 4 11/4 Aoents: Singapore *****00 Bookings: *****08 Johore: 07-*****2 WORTHBOUND TO UKC
      614 words
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      Page 26 Advertisements Column 3
      1235 26 El goaagia jusa REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN cm PRS ALG BCL FEL HAM ME ROT AWT LHA (VIA (VIA (VIA ALQ HAM) ROT) NOR ASIA SAMANTHA 9942 3 12/01 16/01 29/W 02/02 04/02 01/02 0902 0902 10/02 11 02 12/W T ARABIAN SEA 9(3W
      1,235 words
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      1652 27 Sg Steamers Maritime Holdings Ltd |jm STRAITS SHIPPING! fBSk Containers ACCEPTS CARGO CHJE SAILS S'por* P Klinf S ton M'burg B R dam Ltd BOMN EXPRESS U,fll IMI 30/01 01« #M 2 OMB Cardigan BAY 1101 OMH 3(WI 01/02 »01 m/ 02 IBINTANG SCRIA VB2E Bint, Miri. KB Daily 15
      1,652 words
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      1657 27 TQ: TO: FAR EAST SP LH RDM HAM BRE FIX SPORE HK KAO BU HANJIN MASAN OJ2W 13/1 11/1 01/2 02/2 0«/2 OS/2 CHOYANC SUCCESSJK 15/1 11/ l Ufl W CHOYANC PARK 006* 22/1 09/2 10/2 11/2 13/2 14/2 NA*|IN TONGMAE o»|f 22/1 25/1 26/1 1/2 HAJIN OAKLAND 006W 27/1
      1,657 words
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      Page 27 Advertisements Column 3
      329 27 aHHji STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT! VESSEL COSMIC ASIAN CHAMPION PIONEER CLIPPER TRAOER VOY. NO 3 121 5 Spore SM 24/1 2/2 P Kelang In Pt 27/1 5/2 Penang Hong Kong Yokohama Nagoya 4/2 Osaka Senboku 1/2 Moji Funabashi •For Discharging Only NOTE: ALSO CALLING OTHER
      329 words
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      685 28 wiwfi IRANIAN SERVICE I Singapore Loading for:- I IRAN EKRAM PJL73O Sailed BANDAR ABBAS I I ill i/ T I V** UkbMiKiMUl cuam/saipan direct service (B/BULK CONTAINER) ETA SPORE GUAM SAIPAN SPARKLE V 4 SLO 12 JAN 13/14 JAN SPARKLE V 5 24-25 JAN 5-6 FEB 6-7 FEB 'MICRONESIA PORTS
      685 words
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      Page 28 Advertisements Column 2
      871 28 (ft HANJIN SHIPPING «r FULL CONTAINER SERVICE riwri "-I I Z HANJIN HASAN OS2W 13/1 31/1 Iff 2/2 4g iff I TOfW MA£ on{ an H POHAHC MM M 2 U/2 CHOYANG PARK 0«W 20/1 7/2 8/2 9/2 11/2 12/2 I "J™" »1 H KUNSAN MK M 25,2 HANJIN OAKLAND
      871 words
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      Page 28 Advertisements Column 3
      1495 28 gpygq—'• [i I T I 1 I PKL SCP HKC KSC KLG PUS HKT OSK TYO BAL LHV ANW RD" OX HBC SOP I EVER GATHER m 11/1 I*l 17/1 21/1 24/1 2*l W W JP Hg JJ. EVER GRACE 17/1 21/1 23/1 M/l 27fl »/l 31/1 W W W
      1,495 words
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      1154 29 agaspacific international lines (pte) ltd gf PIL Building, 140 Cecil Street #03-00, Singapore 0106, Tel: *****33 BAR EAST ss. v 2? sv. s. 5£. v S S i i 5 H °sr£Z sx zz ss ss ,ss js ,js ;::s ss ACCEPTING MURORAN/TOMAKOMAI/HfTACHI/TOVAMA SIN W M VESSEL VOY SIN BLW
      1,154 words
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      Page 29 Advertisements Column 2
      686 29 EXPRESS CONTAINER SERVICE TO UK/CONTINENT S POftf f KLANC STON MAM B'MAVtN ADAM HAYM km nn un »1 Iff iff *ff w Cjr*f»n by 11/1 *2 i iff m w im2« im un v tn m iw an KurMU I*l Off iff Iff iff W imw mix on an uff
      686 words
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      Page 29 Advertisements Column 3
      368 29 DJASAGETRI A Joint Ew4p« Service Of: P.T. DJIKMTA LLOYD P.T. GESOII LLOYD P.T. SAMUOERA INMNESIA P.T. TRIKORA LLOYD 4 S PRE LUNAR NEW TEAR LOABER SPECIALLY ARRAN6EO FOR TOUR SHIPMENT VSL/VOY SPORE ROAM/ H'BURC BREMEN ANTWERP ADAM S. PANJANC 2*WB U 21A 1W Wj W #/7 BAAB ULLAH/7WB 24-27/1 22/2
      368 words
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      Page 29 Advertisements Column 4
      432 29 W MYANMA \ES3I five star une (Burmese National Line) Loading for Yangon (Rangoon) Spore P.Kelang Penang Bangkok LASM 10 Vlli W* PAGAN VISW *2 PINYA VIO6W J**. PAGAN VISIW HJASJ FEB MCRGUI V/J7 3* FSB va* THE BANK LINE I EXPRESS TO PAPUA NEW GUINEA 1 COLUMBUS SINGAPORE V4S 131)1
      432 words
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      294 30 f—~~ I WEEKLY STRAITS/MADRAS CONTAINER SERVICE /ft I DAILY LCL RECEIVING AT OWN CFS LB2+-' j PENANG vessel 1P KELANG SPORE I PK madras (FEEDER) Q)1 MELITA V 9002 14/1 15/1 16/1 21/1 M ACOLINE il/i LEUVEV9II7 22/1 27/1 IYIMUUUIHC 16/1 MEL)TA 27/1 28/1 30/1 2/2 BOOKINGS: S'PORE *****22 PK
      294 words
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      Page 30 Advertisements Column 2
      111 30 pBB FCL/LCL Acceptance Weekly consol at our CFS to Antratta: Sydney, Metboume, Remantle, Brisbane, Adelaide New Znhil. AH Ports ISA: Al Ports !ara#e/M: AH Major Ports Far East Bangkok, Hongkong, Keeking, Kaoshiung. Manila, I Tokyo, Yokohama. Kobe Warehousing Transportation (1988) Pte Ltd Direct Tel. 861-5060, 861-5324 Reception: 861-1911 Tlx: RS
      111 words
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      Page 30 Advertisements Column 3
      65 30 *****W0000G BANGKOK VESSEL/VOY SIN BKK Piya Bhum 208N 14-15/1 17-18/1 Hermes Ace 02N 17-18/1 20-21/1 Sin Bhum 432N 16-17/1 19-20/1 CEBU/MANILA VESSEL/VOY SIN CEBU MANILA Aka Bhum Q2S 15/1 21/1 23/1 S.D. Asia 03R 19/1 25/1 27/1 Aka Bhum 04S 26/1 1/2 3/2 i DIRECT TO FREMANTLE GERALDTON FCL, LCL,
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      Page 30 Advertisements Column 4
      185 30 eu LINER SHIPPING PTE LTD 10, ANSON ROAD, *17-06 INTERNATIONAL PLAZA. f SINGAPORE 0207. TEL 223 6133 (10 LINES) TELEX.RS ***** LSSHIP FAX *****13 DUB Al I BAHRAIN/M. QABOOS/SHARJAH ABU DHABI/DOHA/B. ABBAS 23 JAN 29 JAN 10 FEB JEDDAH/HODEIDAH/AQABA —17 JAN 28 JAN 8 FEB EAST/WEST MED. Fa LCL SERVICE
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      Page 31 Advertisements Column 1
      659 31 Inter Con M \KIIIMt I'll I.M> EP^ ■FWEEKLY FCL/LCL TO: FAR EAST JAPAN EUROPE FIJI ISLAND KAOHSIUNG —21/1 TOKYO —18/1 LE HAVRE —15/1 LAUTOKA 2/2 KEELUNG —21/1 YOKOHAMA —18/1 ROTTERDAM —15/1 SUVA MANILA —19/1 KOBE —18/1 UK PORTS —15/1 BANGKOK —20/1 HAMBURG —15/1 BUSAN —18/1 GOTHENBURG —15/1 HONGKONG —18/1 r
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      Page 31 Advertisements Column 2
      457 31 I f!ST 7CA> "<OffUI Tin.™ lgtt.tt.WW oZSZT) >a> MHiiiMa "i iff 11/1 11/1 m m «4? ,g 8g as 8? I I WWTWW AUCTWW I I Is? 1 I I c isl I i i I I I I J 4< 4 I TTiN wTttS Sir Juan R.o Hama sTuloj
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      Page 32 Advertisements Column 1
      1136 32 N. AMERICA-ATLANTIC COAST VOY *INDO 'PK/PNG |IGP LB CHLS NFK NYC HFX AMBASSADOR BRIDGE 26 8/1 9/1 11/1 3/2 13/2 15/2 17/2 21/2 NEPTUNE GARNET 24 15/1 16/1 11/1 10/2 20/2 22/2 24/2 21/2 OOCI FAIR 18 22/1 23/1 25/1 17/2 27/2 1/3 3/3 7/3 RAINBOW BRIDGE 22 29/1 30/1
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      Page 32 Advertisements Column 2
      784 32 lETD SIN (1 DAY) Ml DAY) I +(1 DAY) CH R| S TINE l™„r C^.v 14/01/90 PORT KELANG PENANG BANGKOK VICTOR TWICE/WKLY r TD S|N (3 DAYS) *(2 DAYS) (1OAY) ~~1 14/01/90 HONG KONG KAOHSIUNG KEELUNG JOYCE/JUDY aJL TWICE/WKLY ETD SIN (60AYS) Ml DAY, 4 DAYS) BOOKJj^ONTAa 15/01/90 BUSAN MANILA
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      Page 32 Advertisements Column 3
      400 32 r GOLDEN LINE A guan guan shipping (pte> ltd 23 T eto* Ayer Street SIICAPOPF 010* TEI M4»M (10 LINES) Fi. U4JSO4 STRAITS/PERSIAN GULF SERVICE: Spore P Ketone Pen** GOLDEN BEAR Colombo Karadi. Dubar 2002 Jan GOIDCN HARVEST Colombo KaradN/Oubai 4ft Feb CHINA SERVICE BAI TUN SHAN Muingpu/Fwlwu 22/24 Jan
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      Page 32 Advertisements Column 4
      558 32 Continental Pacific Shipping r J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR HERUVIM Sid SETE/RD*ANT/FLU/UK CAPTAIN GEORGE SM Mfl SETE/RDM/ANT/FLU/UK MARIA K 13/1 22/1 3/2 SETE/ROM/ANT/FLUJUK Load* S*b*tvlndonesia zt-v WULTIPORT AGENCIES (S) PTE. LTD. TEL: *****77 PAX 22UU1 I V K MULTIPORT SON BMO f TEL:
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      Page 33 Advertisements Column 1
      1287 33 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) Bookings UK/EUROPE *****53, *****19, AUST/INDIA/PAK-*****18 USA *****42/*****16, FAR EAST-*****48 B Documentation: *****44/*****14 MW Terminal: *****22 CFS: M 2 IMPORT: *****69/*****50 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L.-*****33, P.Kelang-*****87, Penang-*****0, J.Bahru-*****0, *****1 18 FDB VBL/VOY PEN PEG 9GP MOTH HI VSL/VOY 9GP
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      Page 33 Advertisements Column 2
      1299 33 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 ***** PENANG P Kfl ftHG MISS AS MAI THONG SMI WHO 127 Pmrm Strwt. P«n»nt, MaUysu M/S HANDLING
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      Page 34 Advertisements Column 1
      671 34 DSR LINES |l VEB OEUTRACHT/SEEREEDEREI ROSTOCK j J INTEGRATED CONTAINER SERVICE I 1 MEMBER OF EACON SERVICE I 1 TO EAST MEDITERRANEAN I NORTH CONTINENT EUROPE OUTBOUND SIN ICA ANT RDM HBG RST I W ULBRICHT 2/90 4/of IW *W2 29/02 2/03 3/03 gj FAHRLANO 2/90 W~ 24/02 8/03 6/03
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      Page 34 Advertisements Column 2
      1083 34 UKC CONVENTIONAL SERVICE Vmml P KIC PNC PC lo»di«0»or JIANGCHUAN 21/12 v V Rott«rt»«/ABt»«rp cam a nnx cowtawkk «nviai Vt»«! Ptlf Png Spar* 'BU Hkg S'hai QinfdM YANC FANG KOU Vll9 30/12 21/11 W 11/01 »M»l SHANC CHEN Vlli 21/01 23/01 27/01 03/02 #7IK Acctfrtinf FCL Cargo for all ottMr
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      Page 34 Advertisements Column 3
      305 34 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/PANJANG/CIGADING/ BENGKULU VSL ETA ETD LOADING FOR DELI INDAH In Pt 12.1.90 PANJANG/PK. BALAM NAGA JAYA 15.1.90 16.1.90 PANJANG LAMPUNG JAYA 15.1.90 16.1.90 SEMARANG/PANJANG PINANG JAYA 12.1.90 13.1.90 PANJANG/PK BALAM PERITA JAYA 15.1.90 16.1.90 PANJANG/JAKARTA ABADI JAYA 15.1.90 16.1.90 PANJANG PERITA
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      Page 34 Advertisements Column 4
      464 34 \lcv^ POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL CONVENTIONAL CARGOES I AFGHANISTAN ll Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, Mashad, Kushka IRAN :Djulfa, Astara VIA ILYICHEVSK ETD SINGAPORE 14/01, 16/01, 22/01, 5/02 EUROPE ,:To all inland points: VIA VOSTOCHNY Poland, Bulgaria, Czech, Hungary,
      464 words
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      Page 34 Advertisements Column 5
      527 34 ASEAN PORTS Ngow Hock Agency Co Ltd BKK (Tel: *****80) bum jwr UMAX*I mmmm HERMES ACE 01W Thuf In Pt Sun 14/1 PIYA BHUM 200W Sun 14/1 Wed 17/1 HERMES ACE 02* Tu» MP fri M/l JEWLIWK 13WI Tua W Fri MA SIRI BHUM OT Tm HA Fri IWI PIYA
      527 words
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      Page 35 Advertisements Column 1
      993 35 I VESSEL VOY SINGAPORE KHF/DUBAI KARACHI LANKA RUWAN 2W 14/1 05/2 01/2 LANKA SRIMANI 74W 26/1 22/2 15/2 LANKA SIRI 133W 26/1 22/2 15/2 LANKA SRIMATHI 73W 02/2 22/2 15/2 ALSO ACCEPTING CARGO (FCL/LCL) FOR: A) INDIAN PORTS MADRAS; TUTICORIN; COCHIN; MANGALORE; BOMBAY B) ARABIAN GULF PORTS SHARJAH; DUBAI; BAHRAIN;
      993 words
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      Page 35 Advertisements Column 2
      236 35 ACCEPTING FCL AND CONVENTIONAL PEN/PKQ ETA LOADING FOR ANDINET 23/1 OARESSALAAM MOMBASA. DJIBOUTI VOY 10WB ASSAB MASSAMA HOOEIDAH ABBAY WOHI 26/2 OARESSALAAM MOMBASA DJIBOUTI VOY 23W8 ASSAB MASSAWA. HOOEIDAH H KIEW HUNG UNI FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL CARGO Vessel Spore P.
      236 words
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      Page 35 Advertisements Column 3
      616 35 T. MASKAPAI PELAYARAN P»PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 aWMAPOBS BIPOWBM* SERVICE VSL VOY SIN JKT PAJ
      616 words
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      Page 35 Advertisements Column 4
      527 35 BAY OF BENGAL SERVICES remit w sin m m m ILOVIK MN 13/1 Mfl SUPANYA 32W ISO W1 I2VESTIA 01SI* W 23/1 SUSAK 21/1 28/1 LEUVE 9117 21/1 21/1 TIGER RIVER S3CNB 23/1 2»/l VERMILION BAY 10 23/1 C/ 2 PAITMOON 32W 20/1 0/2 ILOVIK KN 27/1 3/2 I YAMBURENKO
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      Page 35 Advertisements Column 5
      239 35 TO AUSTRALIA/NEW ZEALAND VV I Ffftt*! Hi»w«n>t I lyotr |A«c*t«m c vuknjk a w "Si ~oh Jfii tri *n "SmSSm m "Si w 55 i 55 m on TUT OPUfSS H2 aa W 55 Ho Mi a/j t nuowm ~aa "55 "555 ~W 5« 5« AUSTRALIA Ad«Utd«, Briiton* NEW ZEALAND
      239 words
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      Page 36 Advertisements Column 1
      1063 36 OUR NEW USA fro. Vof PNG|PKL |Mtar VMMt |V* SIN UX OAK |HOU |OAL |CHI/ |NOR |-E- |NVC g£RVICE CALLS BUNCA BUTANC V tll 13/1 ALLIGATOR VICTORY VI2M 20)1 M/ 2 12/2 Mff W M/ 2 EU SINGAPORE BUNCA BUTANC V&2O 28/1 ALLICATOII HOW V.38» »fl 17H W W 28/2
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      Page 36 Advertisements Column 2
      18 36 VESSEL ETA OMADHOO FORTUNE 3 Feb '90 AGENT: A WEST MARINE ENGINEERING TEL: *****25/*****68 SEAMEX AGENCY TEL 03-*****43
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  • Page 36 Miscellaneous
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      Page 36 Miscellaneous Column 1
      148 36 10S 100E V [iIOE SIGNIFICANT WEATHER AND SEA CONDITIONS AT 0730 HOURS ON JAN 11,1M0. LEGEND R Thunderstorm Temperature c Weather Wind direction with speed in knots V Shower Ram Wave height Cloudy Sky Surface winds ore indicated by arrows which fly with the wind C\) One full circle represents
      148 words