The Business Times, 18 January 1990

Microfilm: NL16893
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 170/12/89 THURSDAY, JANUARY 18, 1990 75 CENTS
    11 words
  • FINANCIAL MARKETS SUMMARY
    • Article
      Lock icon Dow Jones lower
      44 1 Reuter WALL STREET stocks slipped early yesterday on a widening of the US trade gap in November and lower than expected IBM earnings, traders said. The Dow was off three at 2690 and a few more issues showed losses than gains.
      Reuter  -  44 words
    • Article
      Lock icon Footsle up
      41 1 AP LONDON shares were higher at midday yesterday as the market responded to stronger signals from overseas markets. At 1200 GMT, the Financial Times-Stock Exchange 100-share index was up 12.7 points, or 0.5 per cent, at 2,361.9 points. AP
      AP  -  41 words
    • Article
      Stock Indices
      45 1 W*dn*tdoy ST Industrials Index 1533.04 20.54) BT-MGA Index 774.931 8.16) NST Industrial Index 2,920.83 22.83) HK Hang Seng Index 2754.84 3.05 Tokyo Nikkei Average 36,821.14 (-29.22 Sydney All-Ordinaries 1681.3 6.7 Tu««day New York (Dow Jones) 2692.62 23.25 London (FT 30 Index) 1875.7 (-21.2)
      45 words
    • Article
      Exchange rates
      12 1 US$l 14 j.4oy«n 1.***** M 551.8900 £i U551.6570 Ms< 550.6984
      12 words
    • Article
      Simex
      17 1 Euro-S (Mar) 91.83 DM (Mar) 0.5897 Y«n (Mar) 0.*****9 Pound (Mar) 1.6396 NNtk*l Index (Mar) 37,500
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    • Article
      Gold prices
      12 1 S'pof* (buyer's quote) U*****.50 (-US$4.7O London (Morning Fix U*****.60 (-U554.65
      12 words
    • Article
      Rubber
      10 1 S'por* February 157.25 cwits/kg (-0.50 M'»la February 223.50Mct5/kg (-1.00
      10 words
    • Article
      KL Tin
      8 1 17.85 M)/kg (unch Turnov*rt 77 (-22
      8 words
    • Article
      CPO futures
      14 1 Tumov*n 2,*****rt( 1,070) F«b M5674/tonr» (-23 Mar Ms6B6/toon« (.20 Apr M5692/tann« (-23
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    • Article
      Prime lending rate
      10 1 6.39 (avorog* of 12 major banks' PLfts)
      10 words
    • Article
      Money market
      23 1 THE overnight rate on the Singapore money market was 2 points up at 7-1/2 per cent yesterday. Short-term rates were unchanged.
      23 words
  • Article
    Banks stand to net $5m in interest charges
    361 1  -  By HONG LEE TIAM BANKS are having the laat laugh over the Kim Eng public offer. As the magnitude of the massive over-subscription sinks in, it is now obvious that they are the real success story. Based on the most competitive rates
    361 words
  • Article
    Overnight interbank rate hits 9pc at one point
    208 1 THE overnight rate in Singapore's interbank market surged to 9 per cent yesterday owing to the heavy demand for funds arising from the Kim Eng Holdings' share offer which closed on Tuesday. The offer has raked in about $23 billion worth of
    208 words
  • Article
    Lock icon KL production index up 9.4 pc
    93 1 Bernama MALAYSIA'S index of industrial production (IIP) rose 9.4 per cent in the first 11 months of last year to 146.9 compared with the previous corresponding period. The Statistics Department reported yesterday that all the three divisions reflected this increase. The mining division rose
    Bernama  -  93 words
  • Article, Illustration
    Tokyo shares go against firmer trend in regional markets
    248 1 THE TOKYO stock market yesterday reversed early gains to close easier while the other regional markets closed firmer but off their highs. In Tokyo, late-session unwinding by arbitrageurs yanked the key Nikkei index sharply off its highs, taking share prices marginally
    248 words
  • Article, Illustration
    Kim Eng issue: a whopping 784 times subscribed
    599 1  -  By AMY BALAN BACKED BY easy loans, Kim Eng Holdings' share offer attracted nearly quarter of a million applicants who forked out $23 billion for some 35 billion shares, or 784 times what was offered to the public. in what could be
    599 words
  • Article
    US reports worst trade deficit in 11 months
    339 1 THE UNITED STATES trade deficit widened to US$lO.5 billion in November, a 2.4 per cent rise and the worst showing in 11 months. The Commerce Department said yesterday that while imports had declined by US$593 million to U5540.69 billion. US exports had
    339 words
  • Article, Illustration
    Kua Phek Long sells off 30pc stake in SSC to majority Aussie partner
    532 1  -  By LINDA CHEE IN A DRAMATIC turn of events, Kua Phek Long, the man who built up Singapore Shipping Corporation (SSC). has been bought out by his majority Australian partner a company owned by the giant TNT
    532 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      200 1 SBBBHB Cassette Receiver D Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Ptione. 235 1333 Kuala Lumper: Ptione 757 0233 Panang: Ptione. 615 985/619 014 Jakarta Phone 374 065/*****72 OUB Commercial Property Loan The first step to buying your own business premises Our Bank understands the difficulties of starting
      200 words
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      Page 1 Advertisements Column 2
      200 1 Full report, PAGE 18 Regional Mkts, PAGE 20 Time to get used to Tokyo stock swinge, PAGE 20 World Mkts, PAGE 21 sssr_,z„ esl.-,. Editorial Comment: 8 US economy 7 °J'JE?' Commodities JZZ.'i7 What economic power means CPI expected to rise o.4pc nese institutions PridoS'. Tin British economy 8 Tennis
      200 words
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      Page 1 Advertisements Column 3
      15 1 Balloting ratio table, PAGE 12 US Docombor consumer prtcM axpoctod to rtM o.4pc, PAGE 7
      15 words
    • Advertisement
      Page 1 Advertisements Column 4
      45 1 Exchjtiv 706SC <z\\ ay t(i t ye ax o I tfi z (toxic liny you tfi c. yi f t of i ucct ii. fiast in gr«rz m iu s k*»YUW 30 SEIKO insist on SEIKOS international GUARANTEE CERTIFICATE Man invented time. Seiko perfected it.
      45 words
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  • HOME NEWS
    • Article
      Building sector on solid ground
      339 2  -  $4.7b contracts in first 11 months of 1989 By JOHN TAN TRUE TO FORM, the latest construction figures show that the industry has exceeded the high expectations placed on it. weighing in with $4.7 billion worth of contracts in the first 11 months of 1989.
      339 words
    • Article
      Services projects generate $300 m in business spending
      438 2  -  By ANNA TEO SERVICES PROJECTS generated nearly $300 million in total business spending last year, up from $260 million in 1968. And as reflected in the number of operational and regional headquarters set up in the past year, the depth and scope
      438 words
    • Article
      Five new indoor stadiums
      108 2 FIVE NEW indoor atadiuma will be built in different conetituenciea under a $45 million programme to meet the sports and recreational needa of the general public for the next decade. The programme, which involved both the Singapore Sports Council and the Houaing and Development Board, calla
      108 words
    • Article, Illustration
      Reuters to build communications centre at Science Park
      358 2 BRITISH NEWS and information service group Reuters, which enjoys operational headquarters status in Singapore, is building a technical communications centre at the Science Park. Phillip Melchior, managing director of Reuters Singapore, told BT yesterday that the company has spplied to lease a
      358 words
    • Article
      Furniture makers bag $1.5 m contracts at Taipei fair
      217 2 SINGAPORE'S small- and medium-sized furniture makers have proved that they can hold their own against competition from the big boys when they bagged $1.5 million worth of contracts at a recent world trade fair in Taiwan. "Their largest orders came from
      217 words
    • Article, Illustration
      Lock icon S'pore scores highly in business environment survey
      483 2  -  By MARTIN SOONG SINGAPORE ranks second after Japan as a low-riek business environment among major Aaian countries, according to a Hong-kong-baaed political and economic riak conaultancy. In a five-year forecaat contained in the lateat iaaue of its Aaian Intelligence monthly newaletter, Political and
      Source: PAE Risk Consultancy  -  483 words
    • Article
      MEMO-PAD
      221 2 Seminars and courses Jon 9 Effective Clerical POO Training Or Personnel *****81 Feb 15 Practice Organization Devt (Ptel ltd Jan 9. 11, Introductory Personnel POO Training Ctr Personnel *****81 16. 18 23 Management Practices Organization Devt (Ptel ltd Jan 18-19 Effective Negotiation Boulevard Hotel MMS Consultancy *****33 Skills (Asto)
      221 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      42 2 i* PATEK 1 PHILIPPE GENEVE y We are pleased to announce the official opening of our new Showroom and Service Centre at GOODWOOD PARK HOTEL TOWER BLOCK 0 Geneva MaserlTme GOODWOOD PARK HOTEL. TOWER BLOCK. 22 SCOTES ROAD. SINGAPORE 0922. TEL: *****06
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    • Advertisement
      Page 2 Advertisements Column 2
      93 2 fßr "Where are flfl you going Little Red Riding Hood?"^^HHH|f^^Kpfl Cheers for 30% off house POiiring brands." With Cheers! Hours eveiyday, Cheers is a very happy place to be. All house pouring brands are J And there's also Little Red Riding Hood Theme E Mus,c PUB Nights between 15-20 January.
      93 words
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  • HOME NEWS
    • Article
      Call for temporary UN body to rule Cambodia lauded
      420 3 FOREIGN AFFAIRS Minister Wong Kang Seng yesterday welcomed the proposal for a temporary United Nations body to go9srn Cambodia until free elections can be held as "the most promising approach to take". In a Foreign Affairs Ministry statement, Mr Wong said
      420 words
    • Article
      Ministry to proceed with higher foreign workers' levy
      238 3 THE MINISTRY of Labour has considered the reservations expressed by employer groups and the Government Parliamentary Committee for Labour about the planned Increases in the foreign worker and foreign maid levies, but will proceed with them anyway. The levies will go up
      238 words
    • Article
      YKK project cost increases
      83 3 CONSTRUCTION cost for zip-maker YKK's residential project in Chancery Hill Road has been revised upwards to $11.5 million from an earlier estimate of $10 million. Villa Chancerita, which will be launched today, is one of four residential developments being undertaken by the Japanese company, it comprises
      83 words
    • Article
      Book grants for 200 Singapore Polytechnic students
      129 3 TWO HUNDRED students from the Singapore Polytechnic yesterdsy received book grants frofrn the PAP Community Foundation. The grants, worth $200 each, were presented by Abdullah Tarmugi, deputy speaker of Parliament and MP for Siglap, at a ceremony at the polytechnic. The idea of
      129 words
    • Article
      Silicon Graphics raises profile in Thailand
      114 3 AMERICAN computer company Silicon Graphics, with an Asssn-lndis headquarters in Singapore, is stepping up activities in Thailand with the appointment of two value-added-resellers. These resellers, or VARs, will package Silicon's products the company builds computer workstations with advanced graphics snd visual simulations capabilities into
      114 words
    • Article, Illustration
      Chan Ho claims S'pore's most advanced press brake
      431 3  -  Hydraulic brake used in metai forming industry By GENEVIEVE CUA A HOME-GROWN engineering firm has produced what it claims is Singapore's largest and moat advanced hydraulic press brake, an equipment used in the metal forming industry to bend steel sheets. The steel
      431 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      189 3 Mr Gd Knows The Recipe For Success. M. >»v, Km 2 x ■P®„ I K 'Jr *V- J -jmK, 1M 1 1 Iff ML jT el li r r hp J| 1 T M V if 4Sfcwiir 1 ~^ly J fc lß|^P3P' r ■m |r jmgr 'V"" -A v AL,
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      179 3 City Max/ Note OUTLOOK: Showers u over severs! sroes In oTiw* nvvf» 8 •port for 24 howi prior Abordoon 06/03 Cloudy *> 7.30pm on Jon 17 at Aimlordam 06/02 Cloudy airporh Alt** 14/04 Cloudy Auckland 24/16 Rain 24 0 Bangkok 33/24 Fair aJEXSIL. 87 Boiling -1/-11 Cloudy Hrs of suiwhlne.—
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      278 4 A Show of Force -I^h^S^^^bPh wBESfa-'- < fL^** HP and Apollo merge, and the fireworks begin. |:S£SSS=a^ Assistance Schemes Can Do For You. Lim /fa/i AiJfc, National Computer Board. And now the world's team computing environment which 3 SH g^S^l j J _T 4. Embedded Microprocessor Software Development Achieving Widest
      278 words
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  • REGIONAL BUSINESS & POLITICS
    • Article
      Taiwan to shift its smaller factories to Indonesia
      454 5 Agreement calls for investment of up to USs2b TAIWAN plans to move hundreds of small- and medium-sized factories to Indonesia and could invest up to US$2 billion under an agreement signed in Jakarta on Tuesday. In the immediate future, Taiwan will set
      454 words
    • Article
      Lock icon Investment loans to come from reserves
      206 5 AFP TAIWAN will use its huge foreign exchange reserves to finance selected overseas investment projects to strengthen the country's economic power, central bank governor Samuel Shieh said yesterday. The central bank has been coordinating with economic officials and state-run banks to extend loans from
      AFP  -  206 words
    • Article, Illustration
      Indonesian agencies told to improve agricultural efficiency
      261 5 INDONESIAN President Suharto has ordered all institutions concerned to further synchronise the coordination of efforts to improve the country's agricultural efficiency and productivity, The Jakarta Post said on Tuesday. "Improvement in the supplies of production facilities,application of technologies, provision of credits and development
      261 words
    • Article
      Six investment groups drop plan to invest in Manila
      325 5  -  By AL O LABITA Jr THE PHILIPPINES has just lost to Thailand and other Asean countries six prospective foreign investment groups intending to invest capital and transfer technology to the country, a senior official said in Manila. In a report to
      325 words
    • Article
      Thailand set to become major publishing hub
      538 5 THAILAND is gearing up to become a major publishing centra with s number of investors signslling their intention to invest over 1,000 million baht to set up modern printing facilities, according to Bangkok Post. Victory Power Point Corp Ltd, an affiliate of the
      538 words
    • Article
      Johor economic corporation saw 27pc profit jump last year
      393 5 THE Johore State Economic Development Corporation (JSEDC) turned in its best performance last year, with both profit and assets rising to new heights. Its unaudited statement on profit and losses shows net profits rising a hefty 26.9 per cent to M
      393 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      125 5 m >■ A MARK of distinction. y\jf£ sv <r 0 i .jr jraw o£\ ♦.V it' V $810- C ill J/f I The dragon, a symbol of authority and good fortune. appears on many C hinese artifacts. |j Here, an i .1 1 11 ornamental 5 walking stick puts f
      125 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      371 6 caca II File System II OS/2 PageMaker -j| Q *IFI I=* SideKickCalc^B I File Options Tree 1 File Edit Options Page I j File Edit Exit "W Arrange Window Exit lype Lines Hi Hi 188 IBM Fl=Help (Windows SideKic 1 1 1 fl 1 I 1 1 HUB Directory Tree
      371 words
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  • WORLD BUSINESS & POLITICS
    • Article
      Lock icon Comecon to start accounting in convertible currencies
      128 7 Reuter COMECON finance ministers agreed on Tuaaday that the Soviet-led trading bloc should introduce accounting in convertAd* or national currencies as aeon as poesible. Czechoslovak Deputy Finance Minister Frantisek Pavelka told the official Czechoslovak news tyency CTK that this had been agreed almost
      Reuter  -  128 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1085 7 z* ARRIVALS •Oporotor Sorvteo Local From m. numb«r Km* BAL UA097 0130 LAX/NRT TAL KE697 0220 SEL ITMA TL351I 0430 BEY/SHJ/KUL •«Y MM601 0430 SEZ tu SQ409 0605 MAA IH78S 0615 PRA 5a SQ/ 0645 DEL AI407 -MC ICS 5 5 0655 MAA !*A SQ4I1 0740 BOM
      1,085 words
    • Article, Illustration
      Lock icon Soviet official calls for stock, commodity markets
      312 7 Reuter PRESIDENT Mikhail Gorbachev's top economic adviser ssid on Tuesday that Moscow should abolish state ownership of industry and create stock snd commodity markets ss part of a drive to reecue the moribund Soviet economy. "The least we should do to make the
      Reuter  -  312 words
    • Article
      Lock icon W German firms to be allowed majority stakes in E German ventures
      232 7 AFP WEST GERMAN companies will be able to hold a majority stake In some Joint ventures in East Germany. East German Economy Minister Christa Luft said in Bonn on Tuesday. East Germany had previously said foreign participation in
      AFP  -  232 words
    • Article
      Lock icon Four Arab leaders discuss economic integration
      346 7 AP THE GOVERNMENT leaders of the lour countries in the Arab Cooperation Council began talks on Tuesday on closer economic integration. The four from Iraq. Jordan, Egypt and North Yemen are planning for a summit of their heads of state in Amman, Jordan next
      AP  -  346 words
    • Article
      Lock icon US December consumer prices expected to rise 0.4pc
      416 7 Cold spell could worsen Inflation In January: economists Reuter US CONSUMER PRICES probebly rose moderstely in December, reveeling thet infletion is stubbornly entrenched despite s Isggsrd economy, economists said. A cold snsp thst swept the United Statee in late 1989 could darken
      Reuter  -  416 words
    • Article
      Lock icon Plan to shift part of US aid to E Europe, Panama
      252 7 AFP THE US State Department acknowledged on Tueeday that talks had begun with Congress on possible cuts in aid to Israel. Egypt, Turkey, Pakietan and the Philippines to free up money for East Europe and Panama. The acknowledgement came
      AFP  -  252 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      65 7 gr lk T busintM penon's choice every Tuesday. a I M m|\ I Thunday, Saturday and Sunday. Leaving Chap I I II II I Airport at 216 i houn and arriving at Logan I M M k J I M I International Airport the following day. CmU your travel agent
      65 words
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      Page 7 Advertisements Column 2
      93 7 1 >•»0• Y i ".a J* > i i i m NOT TTO BE TRUFFLED WITTH I I ♦f Now, at Truffles at The Dynasty, you can taste the cuisine of perigord, France, home of the rare, black truffle. v Roland Mazere, chef-patron of the famous, two-michelin-star le centenaire restaurant,
      93 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      50 7 Doonesbury by garry trudeau I OBVIOUSLY, THS WHOLE POINT f OKAY, MAYBE OH.YSAH! OFTWSNWPUOUCFOVBIS MEBETTER6O IfiHHH one more to re-establish cßE&Btun OVERTHE thins be- with the Panamanian people. constitution allm.ii FORE YOU I JUST OUT OF CURJOSTTY. HON MANY AGAIN. JUST fW*N! GFYDU NERE IN NOR&SAS OLD TO SB SAFE.
      50 words
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  • PERSPECTIVE
    • Article
      What economic power means
      520 8 JAPANESE Prime Minister Toshiki Kaifu's trip to Eastern Europe draws attention to Tokyo's growing role in international affairs. It is only correct that Japan, as an economic powerhouse, should play a part in determining the nature and the extent of Western attitudes to the fledgling economies
      520 words
    • Article, Illustration
      Lock icon Can the Chancellor deliver?
      1623 8  -  The British Chancellor presents his Budget in March. And as he gets down to brass tacks, PETER NORMAN takes a look at the state of the UK economy and the options open to the Chancellor. PETER NORMAN FT AS JOHN MAJOR, the British Chancellor, begins the
      FT; Source: Datastream  -  1,623 words
    • Article, Illustration
      A new, improved Philippine formula
      1502 9  -  The revamped Philippine Cabinet has a balanced mix of politicians and technocrats, and young blood as well, which is a positive factor. But the question is: Can Mrs Aquino deliver the results the country has been waiting for since she came to power? ABBY TAN,
      1,502 words
    • Article, Illustration
      Lock icon Malaysian motor traders raring to go, go, go
      926 9 Third consecutive year of growth expected Bernama AFTER EXPERIENCING nasty bumps in the recessionary years of 1985 to 1987, the Malaysian motor trade looks set to power ahead towards its third straight ydar of growth this year. The mood is bullish, given
      Bernama  -  926 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      325 8 I (Sub »Uoy wheels stuxurd) Apri|i f/\|i DYDPI itTITOC AA/ith are those who buy a car because of peer approval. Then Kll lv/ 1 wAwVllliVwd WlUl I there are the individualists whose most important stamp of j J[ approval is their own. Oil PVP f/\f innovation Jinn A Saab owner
      325 words
  • Page 8 Miscellaneous
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      156 9 THE SHAPE OF BETTER THINGS TO COME A distinguished design, with excellent features to make thi« new phase another choicest investment per square foot. Statutory Land Grant (tstate In Perpetuity) Excellent links to Changi Airport cargo terminal via expressways Strategic and accessible location just five minutes drive Efficient road and
      156 words
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      Page 9 Advertisements Column 2
      7 9 THE SALE THE SEASON NOW ON Jan
      7 words
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  • SPORTS
    • Article, Illustration
      Lock icon Graf has no problem demolishing opponent
      545 10 TENNIS AP STEFFI QRAF, playing in slow motion compared with her rap-id-fire practice with Boris Becker, advanced easily on Wednesday night to the third round in the Australian Open in Melbourne. Ivan Lend!, the men's defending champion and top seed, also had another ho-hum
      AP  -  545 words
    • Article, Illustration
      Lock icon Borg defends himself in US$82m suit
      475 10 AP EX-TENNIS CHAMPION Bjorn Borg appeared in court in Stockholm on Tuesday to defend himself in an USS&million lawsuit by his former friend and business partner, while lawyers prepared three libel actions and a child custody battle for the beleaguered The suit stemmed from
      AP  -  475 words
    • Article
      Lock icon Bucks overcome Warriors
      400 10 BASKETBALL AP ALVIN ROBERTSON had a season-high 37 pointa and a career-high 16 rebounds as the Milwaukee Bucks rallied on 15 straight points in the third period to beat the Golden State Warriors 134-126 on Tuesday night. The victory denied Golden State s Don Nelson, who coached
      AP  -  400 words
    • Article
      Lock icon ATHLETICS S'pore to bid for World Cup
      66 10 AFP FOUR COUNTRIES have put their hats in the ring for the honour of hosting the 1993 World Athletics Cup. Singapore, Britain. Greece and Cuba will have offers considered by the International Amateur Athletic Federation Council in Tokyo this weekend Full presentations from
      AFP  -  66 words
    • Article
      Lock icon Foreman says the real fight should be between him and Tyson
      457 10 BOXING AP GEORGE FOREMAN thinks he knows what the world wants him against heavyweight champion Mike Tyson, not Tyson against Evander Holyfield. "Once everybody sees it's in the best interests of boxing, they're going to drop the imitation sweets
      AP  -  457 words
    • Article, Illustration
      Lock icon Vatanen does it again
      285 10 RALLY AP ARI VATANEN of Finland led a Peugeot sweep as he won the 12th Paris-Dakar Rally for the third time on Tuesday with the traditional dash on the sand on the Senegalese beach. Edi Orioli of Italy won the motorcycle division for the second time.
      AP  -  285 words
    • Article
      Top Asian teams compete for honours in Dubai
      354 10  -  CHESS By DEXTER LEE TEAMS OF PLAYERS, including two from Singapore, are converging on the Middle-Eastern state of the United Arab Emirates to vie for top honours in the 7th Asian Cities Team Chess Championship. The championship, which will be held in
      354 words
    • Article, Illustration
      Lock icon Watson's feeling confident
      451 10 GOLF AP A TIP from the PGA Tour Commissioner helped restore the bubbling enthusiasm and boundless confidence that Tom Watson exhibited as golfs "Player of the Decade for the 1980s". "I'm more excited, more enthusiastic, more anxious to get started than I have been in years," Watson
      AP  -  451 words
    • Article
      Lock icon Tomba yet to decide whether to race in Austria
      256 10 SKIING AP AFP ALBERTO TOMBA. the double Olympic gold medelliet. skiiedon Tuesday for the first time since breaking his coder bone s month ago but has still not made up Me mind whether to race in nekt Sunday'a slalom in Kitzbutiel,
      AP; AFP  -  256 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      99 10 A GOOD WORKOUT, A PERFECT DAY! fl The total relaxation you can expect Aw&m fll from us to make your visit or stay with us so much more worthwhile asw mm n 9 p°°' bes eawe equipped gymnasium with steambath, sauna and massage j tm facilities. Work-out with our latest
      99 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Cathay Pacific to promote new image aggressively
      406 11  -  By JOHN TAN CATHAY PACIFIC will launch a $1.5-million advertising blitz in the local media in early Febru- ary as part of its worldwide campaign on its new image for the *****. The Hongkong-based carrier will centre its local campaign largely on the
      406 words
    • Article
      Videovan to distribute BBC TV programmes on video tapes
      280 11  -  *> SANGEETA MULCHAND $|DEOVAN Entertainment Industries has -teen appointed the local distributor for video tapes featuring British Broadcasting Corporation (BBC) television programmes. -l: The local video house will be responsible for duplicating the three-"ltour-long video tapes provided by the -dk-based BBC
      280 words
    • Article
      BM S'pore posts record revenue of $2.8 million
      305 11 PUBLIC RELATIONS consultancy Burson Marsteller Singapore yesterday reported a record revenue of $2.8 million, a 24 per cent increase over the previous year. A BM statement attributed the strong performance to sustained growth in all sectors of operations, particularly in event and
      305 words
    • Article
      Pearl & Dean clinches Cathay screen ads deal
      169 11 Pearl Dean clinches Cathay screen ads deal SCREEN ADVERTISING for the 10 Cathay Organisation cinemas will be represented exclusively by Pearl Dean from April 1. With 21, or almost half, of the 50 screens in Singapore now represented by the company, managing director John Mallen is eyeing a larger slice
      169 words
    • Article, Illustration
      84,000 readers and growing
      351 11  -  BT readership survey By GENEVIEVE CUA SINCE YOU ARE READING this article, you are likely to be male, hailing from the finance, insurance or real estate sectors, and consider the good life in Singapore to consist of three essential elements peace and stability, economic progress, and
      351 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      187 11 IS iA ln line its expansion programme, one of our lip more prestigious clients, a rruyor property developJK; ff er in the region, has an opening for an I J I 1 I I Manager (OVERSEAS) I The candidate must be ready to take on the duties and responsibilities for
      187 words
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      Page 11 Advertisements Column 2
      736 11 Cathay Pacific buys Into Dragonalr, PAGE 13 1 I 9 T f 1 why do I need Pay Care? 1 J I J L Pay Care is different from life insurance. With Pay Care you can pay the bills that keep coming your income stops. V■H W m J ■"Surely
      736 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Keppel places 15m new shares with Japanese institutions
      550 12  -  Proceeds of $102 m to finance expansion By ROSIE TAN KEPPEL CORPORATION, a diversified group and one of the region's largest shiprepairers, is raising $102.45 million through the issue of 15 million new shares at $6.83 apiece to Japanese investors. Keppel, whose
      550 words
    • Article, Illustration
      Lock icon GFW to invest M$50m in Malaysia in next two years
      357 12 Bernama GOODMAN FIELDER Wattie (Asia) Pte Ltd is planning to invest about Ms3o million in Malaysia by the end of this year and a further Ms2o million next year, chairman Noel F Robertson said. GFW (Asia), set up in Singapore
      Bernama  -  357 words
    • Article, Illustration
      Lock icon SIA expected to use leasing to finance plane deal
      389 12 Reuter SINGAPORE AIRLINES Ltd is likely to opt for leasing arrangements to finance its US$B.6 billion order for 50 aircraft. SlA's current arrangement with Japanese banks and leasing companies to finance earlier purchases of five Boeing *****0s could be extended to
      Reuter  -  389 words
    • Article, Illustration
      Lock icon More KLSE listings expected as unofficial 'freeze' ends
      471 12 Bernama MALAYSIA'S Capital Issues Committee (CIC). which regulates new issues, has lifted its unofficial "freeze" on new public issues to pave the way for a larger crop of new companies, both big and small, to come into the market. According to Kuala
      Bernama  -  471 words
    • Article
      Lock icon Two more companies seek KLSE listing
      354 12 NST TWO MORE Malaysian companies Scott English and Kumpulan Perubatan (Johor) Sdn Bhd are planning to seek a listing on the Kuala Lumpur Stock Exchange. Scott English, the star performer in the Setron Malaysia stable, is aiming to float its shares on the KLSE
      NST  -  354 words
    • Article
      Kim Eng share issue
      143 12 Shares Balloting No. of shares Psrcsntsgs applied for ratio for each of total (*000) successful Issue applicant (*000) 1 1 :25 1 14.0 2-9 1 :20 1 3.0 10-49 1:15 1 3.2 50 99 1:8 1 0.3 100 499 1:4 1 2.1 500 999 1:2 1
      143 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      284 12 ATARI PORTFOLIO The smallest PC in the world is now at hand IBM-PC and MS-DOS Compatible rx« rrxiH* Small price too $799 Truly incredible in size and price. As an Organiser, the Portfolio is As a PC, the Portfolio's compact without doubt the best electronic size (no bigger than a
      284 words
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      Page 12 Advertisements Column 2
      10 12 Keep your investment decisions on target C^uHXParanp EVERY SATURDAY JL
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  • COMPANY NEWS
    • Article
      Lock icon Thai bourse chief denies that he plans to resign
      428 13 GOVT SUSPENSION OF SUB-BROKERS SPARKS PRESS REPORT Agencies THE PRESIDENT of the Securities Exchange of Thailand (SET) has denied a press report that he planned to resign from his post after Finance Minister Pramual Sabhavasu commented on a government decision to
      Agencies  -  428 words
    • Article
      Lock icon MISC recommended as a 'buy' stock with underrated strengths
      491 13 mm MBT MALAYSIAN International Shipping Corp has been given a "buy" recommendation by K N Kenanga which described the national carrier as a company with under-estimated strengths. The Kuala Lumpur-based stockbroking firm said MISC is perceived as a semi-government agency favoured
      MBT  -  491 words
    • Article
      Lock icon Menang Corp abandons plans to buy Target Properties
      180 13 Bernama MENANG CORPORATION (M) Bhd has aborted its proposed acquisition of the entire paid-up capital of Target Properties Sdn Bhd (TPSB) for a total consideration of M 5300,000. It said in a statement to the Kuala Lumpur Stock Exchange (KLSE) yesterday that
      Bernama  -  180 words
    • Article, Illustration
      Lock icon Cathay, Swire Pacific buy stakes in Dragonair
      291 13 Reuter HONGKONG'S Cathay Pacific Airways and associated company Swire Pacific have taken a 36 per cent stake in rival Hongkong Oregon Airlines, known as Dragonair. In addition, the state-owned China International Trust and Investment Corp HK (Holdings) Ltd (CITIC) has increased its stake
      Reuter  -  291 words
    • Article
      Lock icon CITIC to buy into Hongkong Telecom
      165 13 AFP CHINA'S move to buy into communications concern Hongkong Telecommunications Ltd is to be finalised in the next two days, banking sources in Hongkong said yeeterday. China International Trust and Investment Corp (CITIC), China's overseas investment arm, is to pay HK$lO billion for a
      AFP  -  165 words
    • Article
      Lock icon MCB to produce ferro silicon next year
      478 13 MBT THE MCB Holdings group will double its plant capacity for calcium carbide and start production of ferro silicon by the middle of next year. Executive director Stanley Tan said on Tuesday that MCB Industries will be the only manufacturer of ferro silicon
      MBT  -  478 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      88 13 I do you think oj my B new Cefiro?' B Without waiting for a reply H he enthused, This car H has everything. Rear Suspension, an Anti-Skid Braking System, one-of-a-kind projector si- headlamps and features you ■222ii2fiS2 a l jll! I® You an V I |g>7Eu 'mhbhbmi^ Y«NMH I ■I
      88 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Major US banks report fourth quarter profit decline
      351 14 AFP SEVERAL major US banks on Tuesday reported profit declines (or the fourth quarter of 1988. Citicorp, the largest US bank, announced fourth-quarter losses of US$7B4 million, mostly due to the bank's decision to set aside US$l billion to cover loans to
      AFP  -  351 words
    • Article
      Standard and Poor's affirms ratings of bank and affiliates
      206 14 STANDARD and Poor's Corp (SAP) has affirmed the securities ratings of Citicorp and its affiliates following the company's decision to add US$l billion to developing countries' loan reserves. It said the Citicorp action raises the reserves to a still comparatively low
      206 words
    • Article, Illustration
      Lock icon Newly-appointed president Braddock emerges as Citicorp's No 2 chief
      536 14 NYT RICHARO S BRAOOOCK, for many years a key executive in Citicorp's highly profitable consumer banking business, was named president of Citicorp and its main subsidiary, Citibank on Tuesday. With his new title, Mr Braddock is Citicorp's clear No 2 executive
      NYT  -  536 words
    • Article
      Lock icon Accord yet to be reached on capital for E European development bank
      332 14 Reuter BILLIONS OF DOLLARS could start flowing into Eastern Europe's broken-down economies early next year If 34 nations from West and Eaat agree quickly on setting up a special development bank. Delegates from the countries held a second
      Reuter  -  332 words
    • Article
      Lock icon Brain drain, costs hit HK forex business
      394 14 Reuter THE FLIGHT of talented people from Hongkong and surging costs have driven some foreign banks away from the foreign exchange dealing business in the British colony, dealers said yesterday. Baring Brothers, a British merchant bank, said on Tuesday it had decided to
      Reuter  -  394 words
    • Article
      Lock icon Three team up to help Massachusetts
      564 14 AFP THREE Japanese banka have teamed up to help the state of Massachusetts cope with an US$B5O million budget deficit, state officials say. Sanwa Bank, Fuji Bank and Mitsubishi Bank agreed in December to extend a letter of credit to back US$l.2 billion in
      AFP  -  564 words
    • Article
      Lock icon Argentina granted US$3b credit to develop projects and settle debts
      225 14 Reuter ARGENTINA will receive over US$3 billion from internationel lending agencies over the next 10 years to fund development projects snd clear up the financial situation in its debt-ridden provinces. Economy Minister Antonio Erman Gonzalez said the World Bank and
      Reuter  -  225 words
    • Article
      Lock icon Japanese banks to raise prime lending rate by half a point
      132 14 AFP I JAPANESE BANKS Mid they would raise their short-term primd" lending rate by hall a percentage point to 6.2S par pant a year. The rata, charged on loena up to one year to the moet creditworthy customers, is
      AFP  -  132 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      774 14 The Russians are here... Meet them at the premiere event "Machine-Tech Soviet '90" For the first time in Singapore, a 1 »pw-&<Bpm —j foreign exhibition from the USSR, Automatic instruments and compie.es t o < "Machine-Tech Soviet '90* would be d> noM ofa n,OT held at the World Trade Centre
      774 words
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      Page 14 Advertisements Column 2
      75 14 THE GATEWAY Singapore's Premier Office Development is available for leasing now! The Gateway is almost completed. Close to CBD, outside the restricted zone, competitive rent. You can join our growing list of Fortune 500 tenants by calling Singapore Land or Richard Ellis today. Another Quaky Drwlopmrnt by FOR FURTHER DETAILS.
      75 words
  • Page 14 Miscellaneous
Page thumbnail Page 15
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      767 15 One thing is certain with today's computerized markets and global and construction of optimized portcommunications systems: analysts and investors can no longer rely on tostrumenton'everv'market f liOS f individual stocks Yamaichi analysis tools created for an earlier, more leisurely paced era. for effectlve management. Min^'irL'?n P Yamaichi Securities Co., Ltd.
      767 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Tough time ahead for Panama to regain banking centre status
      394 16 Reuter PANAMA will have a difficult time re-establishing itself as an international banking centre and recovering the prosperity it enjoyed in the tarly 1980s, the new head of Panama's national bank said. Luis Moreno, who L*came director of the Banco
      Reuter  -  394 words
    • Article
      Asian dollar market
      241 16 ASIAN DOLLAR deposit rates ended slightly firmer in light trading, Helped by a fall in US Ufend prices, dealers said. The market is now Waiting for the release of US November trade fig oree and December industrial production. "The November trade data is likely to affect ratee
      241 words
    • Article
      Forex markets
      1478 16 SINGAPORE: The US dollar closed slightly higher, after hovering nsrrowly in dull trading ahesd of the releass of US November trade data. Most dsalsrs ssid ths trade figure will not affect the dollar if it was within expectations. Kouichi Kubo assistant treasury manager at (he Dai-lchi Kangyo Bank
      1,478 words
    • Article
      Comex gold/silver futures
      167 16 Qold futures on January 16, 1990 100 tray ouncat USS par troy ounca O9m Man Low Mto Ion 90 412.00 413.00 412.00 410.M -2.90 Hb 414.30 419 20 409 00 412.20 -2.90 Mar 414 70 3 00 Ap» 420.00 42I.S0 413.00 417.40 3.00 Jun 424.00 426-30 420.00
      167 words
    • Article
      IMM
      265 16 IMM currency futures ended a volatile session mixed, with trade turning choppy and largely range-bound in the afternoon. Currencies fell sharply at the open after the dollar received support in overseas dealings from turmoil in tha Soviet Union. The Kremlin on Monday ordered troops to quell disturbances in Armenia
      265 words
    • Article
      Money markets
      48 16 THE overnight rata on tha Singapore monay markat was 2 points up at 7-1/2 par cant yesterday. Short-tarm ratas were unchanged. S$ Interbank rat** at the close yesterday: oma mo Oo*r*9* 7 1/7 7 l-MMk 6 1/1 Imon* 9 7/t 3-mo** 3 7/8 OvffnlQM mod«i 9
      48 words
    • Article
      Government securities market
      98 16 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OffH HK3H LOW 3 months SQ*****T 19.04.90 4.15 4.10 4.38 4.10 6 months SS*****V 18.01.90 4.15 4.10 1 year BY*****Z 18.10.90 4.24 4.19 4.22 4.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      98 words
    • Article, Illustration
      World interest rates
      161 16 Km prim* iMiivraSi oI 12 ma|or banks In t'por* Interbank market rataa (offer/bid) on Jan 17 us$ DM SWFC Y«n 7 4mj% S/U 3 16 IS l/« IS 7IS/U—ll/U S/4 s/i s/a i/a 1 S/U S/U IS 3/U 1/U 1/U 7 IS/U J/4 t J/» IS/U ll/U
      161 words
    • Article
      Options
      1314 16 CURRENCY FUTURES OPTIONS Wednesday January 17 1990 DEUTSCHE MARK (SIMEX) Dm M caNa Dm Mpoto sa 53 54 iwpi JAPANESE YEN (SIMEX) 71 7a 73 7S Dm MgH M cods IM 8M 0« HNP M pwto Lm M IMM Tuesday, January 16, 1990 BRITISH POUNO CSIMS. cento per C
      1,314 words
    • Article
      Simex
      664 16 SIMEX Eurodollar futures closed firmer on late short-covering and position adjustments ahead of the release of US November trade figures, expected to show a narrower deficit of US$9.4 billion against October s US$lO.2 billion, dealers said. March closed unchanged at Chicago's 91.83 while June rose to 91.79 from 91.78.
      664 words
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  • COMMODITIES
    • Article
      RAS and MRELB
      345 17 RA3 prices m t <***•/** fob m NOON CIO* ftwy*r* S*ll*r» Buyers S«ll#fi Int 1 ISS Prompt 154.50 155JON 154.25 155.25 Int 1 RSS Feb 90 157.50 158.00 157.25 157.75 M 1 RSS Mor 160.25 160.75 160.00 160JO Int 2 RSS OP 151.50 153.50N 151.50 153J0N Int
      345 words
    • Article
      Produce Prices
      197 17 Chlnaaa Produca Exchange S«ttar»' noon doting prfcat on January 17 (SJ/100 kg) Coconut oil Mi FOB 79.00 Otd drum FOB 93.00 Naw drum FOt 89.00 Copra MJx«d (Ioom) 41.00 f H#n Pappar FOB NLW 392.50 Sarawak wM(* FOB faq NLW 382.50 Sarawak ipadol black FOB NLW 322.50 Sarawak
      197 words
    • Article
      London Markets
      199 17 London Commodity Exchange Buyer/Seller dosing prices on Jon 16 (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Jan 565/567 (376/579) High/low 573/565 Mar 585/586 (597/598) High/low 593/585 Sale* (6579) Cocoi Mar 628/629 (636/637) High/Low 635/627 May 639/640 (649/651) 649/639 Solas (*****) Sugar No 6 FOB (US$/»onne) Mar
      199 words
    • Article
      Rubber
      323 17 SMQAPORE: Rubber prices closed lower with February 1 RSS buyer quoted at 157.25 cents a kg. down half a cent from Tueeday's close. Dealers said prices fell slightly in the sfternoon on light speculative selling in quiet trading with lower Japanese sdvicee depressing buying intereet. On the TSR-20 Award
      323 words
    • Article
      KL Tin
      174 17 THE Kuala Lumpur Tin Market (KLTM) prtca haM steady at MSI7.M a kg altar a brief trading session, brokers aaM. BMa and offere wara matched at Hie flrat try prtca, thay eald, noting fur* thar buying from Europaan, Japanaaa and local Interaata. Santlmant waa alao aMad by a
      174 words
    • Article
      Precious Metals
      309 17 HONGKONG: Gold cloaed slightly aaaiar on European selling dospite local short-covering and speculative buying. The metal was trapped within a US$4OO to US$4l2 range. Bullion eased slightly to US$4lO.lO/00 an ounce from New York's U*****.50/US$4ll and an early U*****.30/00. Dealers expected the metalto trade between US$4O7 and US$4l5
      309 words
    • Article
      Lock icon Crude Oil and Products
      146 17 Telerate FUEL oil prices continued to weaken in Singapore. Lower crude prices and bearish fundamentals put further pressure on prices to move lower. The downturn in hsfo futures provided little support to cash prices. Bids for February cargoes slipped below $100 mt fob Sing. A February
      Telerate  -  146 words
    • Article
      Palm Oil
      508 17 MALAYSIAN crude petm oM price* closed lower on light telling and buyers' re eerve. In sympathy with loeaes in palm oil future* and reflecting weaker Chicago aoyoil futures overnight. Jan south fell Mslo to M 5665 a tonne while Feb south traded MS 12.50 down at M 5682.50.
      508 words
    • Article
      Lock icon Wheat
      232 17 Reuter CBOT soft red winter wheat future* cloeed lower. Traders said the lower cloee confirmed Monday's move below the key US$4 per bushel mark In March. The chart picture ia bearish, they said. Forecasts for above normal precipitation acroea the weetern winter wheat belt next week added to the
      Reuter  -  232 words
    • Article
      Soybean
      233 17 CBOT soybean futures ssssd steadily all day. with the decline accelerating on speculative sell stops sfter the March contract broke technical support seen around the early January low ot U556.74 per buehel. New lows set in the nearby soybean meal pit and a still strong dollar were cited as
      233 words
    • Article
      Lock icon Petrobas takes firm stand against strikers
      213 17 AP BRAZILIAN oil worker* began a nationwide strike on Tueeday and the state oil monopoly Petrobras said strikers in "eeeential areas" would be fired. "All workers have joined the strike. The only operations being carried out are thoee necessary to prevent damage to company
      AP  -  213 words
    • Article
      Lock icon US Increases sugar import quota to 2.6 m tonnes
      199 17 Reuter THE US Agriculture Department haa increased the quota on U8 augar imports by 325.000 tonnes to 2.584.866 ton nee for the 21-month period ending Sep 30. The increaae waa the third aince the current quota waa originally announced. "The change
      Reuter  -  199 words
    • Article
      Lock icon M'sia, Thailand to discuss joint authority in oil project
      176 17 TNA THAILAND and Malaysia will hold a meeting naxt weak to diacuaa a Joint development authority to overaee an offshore oil project, a Thai Foreign Ministry spokesman said on Tueeday. Deputy Director-General of the Information Department Surapong Jayanama said Foreign Minister
      TNA  -  176 words
    • Article
      Lock icon Mahlmann re-elected chairman of CBOT
      165 17 AP KARSTEN "Cash" Mahlmann has been reelected chairman of the Chicago Board of Trade in a rare, spirited contest in the world's largest futures exchange. Mr Mahlmann, a three-term incumbent, defeated former chairman Leelie Roeenthal by 630 votes to 524 on Tuesday and will guide
      AP  -  165 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      120 17 wA I f C 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 feature exclusive articles written by industry experts on the
      120 words
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  • SES
    • Article, Illustration
      Shares end firmer in active trading, STII up 20 points
      836 18  -  ■*r WILLIAM CHIA SINGAPORE share prices made good gains in active trading across the board, but finished oft their highs following Tokyo's easier close. Market sentiment was boosted from the start by the strong overnight cloee on Wall Street and
      836 words
    • Article
      MAIN BOARD
      232 18 Rises UE 229 +10.6% +22 J Cantor* 444 7.2% +30 UOl Wrts 1993 127 6.7% +8 Somb Maritime 262 +6.1% +1S Swnb Ship Wrts 216 +5.4% +11 Lum Chang Wrts 110 +4.8% +5 UOL 223 +4.7% +10 UOl A 212 +4.4% +9 isoton 504 1230 +4.2% +50 Motal
      232 words
    • Article
      CLOB INTERNATIONAL
      196 18 Rises CASH 50* 126 +53.7% +44 Sotvra* Rot 88 +28.5% +19% Rwtong Bhd 50* 195 +16.1% +27 Choc Product* 99Vi +15.0% +13 Imatox 58% +136% +7 Tongkah Hldgs 202 +13.5% +24 Unlvcnal Cablo 81 +13.3% +9% MAA 114 +12.9% +13 Paramount 171 +12.5% +19 AAwipha InH 50* 55
      196 words
  • SES SHARE INFORMATION
    • Article
      MAIN BOARD
      3142 18 Qr'a Qt% 1Mt/tO Tol LoM Vol Day LoMQaoM Mv 0* V*M MM M Cap Mgh Low Codo Company Mo +or- (*000) Mgh Low Bvyor Mtar Cvr P/C M JAN 17 DEBENTURES, BONDS, LOANS 330 124 I IM CX Two W«0 3M fin <m 73* 1848 CWHII l| LOU
      3,142 words
    • Article
      CLOB INTERNATIONAL
      1942 19 Qr'a Qr't 1 MS/90 T«i Last Vol Day Laat Quota Dhr Dhr Y*M No! M Cap High Low Codo Company Salo or- ('000) High Low Suyor So Nor Cw P/l Smll JAN 17 HOMO KONG STOCKS 960 060 1738 Cheung Kong MO 780 720 1341 HongkongBank 720 720
      1,942 words
    • Article
      SESDAQ
      251 19 179* 80* t 4000 Amtafc Eng 20* 138 -2 19 141 13® J40 O.J 17.5 117.3 190 70* 4008 Fuji Ottaat 20* 114 +4 24 114 113 110 114 10.0N 46 I t 12.5 IBM 330 138 4001 G0 Hldgs 10* 299 -1 6 302 299 298 298 40.0N
      251 words
    • Article
      NASDAQ
      244 19 6000 ASK Computer 1975 1900 8001 Adolph Coors 1975 4637H 3475 6003 Apple Computer 3812V4 3475 3660 5005 Charming S 8007 Cipher Data 8010 Daisy Syatema 900 8011 Oreadner Bank ***** ***** ***** 5000 5000 8012 Erlcaeon Tel 5000 ***** ***** WW 2325 8013 Intel Cofpn 3175 3725 3825
      244 words
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  • KLSE
    • Article, Illustration
      Lock icon Market closes higher
      3192 19 MBT BUYERB made a strong comeback at ths Kuala Lumpur stock market yeeterday and shars prices were msrksd higher acroea the board. The buying wave left a trail of hefty gaine. The better sentiment wss undoubtedly influenced by the firmer Wall Street which rallied after recent weak
      MBT  -  3,192 words
    • Article
      UNIT TRUSTS
      287 19 Manog«f*' prk»» Royal Trust A$$*t Mgt for Jon 18 IT S'poro G' W 1015 075 IT Awo Poc G» fund I ISS I 195 Un» Trw. OC&C-W Mgt It* '!«d 11" fc***t Coe-<«l W MJ S por« frog fund 048 052 Sovori Tru*t fund M2 IZZlZjlL SS SS
      287 words
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  • REGIONAL MARKETS
    • Article, Illustration
      Lock icon Time to get used to Tokyo stock swings
      769 20 Brokers foresee more violent moves Reuter THE CURRENT volatility on the Tokyo Stock Exchange, partly fuelled by fears of higher inflation, is something investors should start getting used to, brokers said. While market corrections last year were in the 3 per cent
      Reuter  -  769 words
    • Article
      Lock icon Mitsubishi bids US$800m for Aristech Chemical Corp
      537 20 Reuter MITSUBISHI CORP. Japan's largest trading firm, is launching an US$BOO million buyout of Aristech Chemical Corp, a major US chemical firm, in what would be the first leveraged buyout (LBO) of an American company by a Japanese firm. Mitsubishi officials said the
      Reuter  -  537 words
    • Article
      Lock icon NZSE chief frowns on new securities laws
      191 20 Reuter NEW ZEALAND Stock Exchange chairman Oavid Wale has criticised new securities laws, saying they will not prevent investment failures and losses. "The solution is not to re-regulate by introducing, as is being proposed, a host of new securities laws right across the
      Reuter  -  191 words
    • Article, Illustration
      Prices edge up slightly
      1214 20 Hongkong PROFIT-TAKING alternating with bargain-hunting played havoc with the Hang Seng index yeaterday. tending it arcing through a 49-point range before cloaing 3.06 pointa higher at 2,754.84. The broader-baaed Hong Kong Index waa up 1.77 to 1.809.17. "Volume was a bit better with some selling into
      1,214 words
    • Article, Illustration
      Lock icon Stocks finish easier
      627 20 Tokyo Reuter LATE session unwinding by srbitrsgsurs yanked the key Nikkei Index sharply off its highs yeeterday. taking Tokyo ahare pricea marginally eaaier in thin trade. The late drop eraaed 400-plua morning gaina made efter Wall Street rebounded on Tuesday. The 225-shsrs Nikksi slipped beck 29.22 points
      Reuter  -  627 words
    • Article, Illustration
      Lock icon Shares end firmer
      559 20 Australia Reuter THE Australian share mar* ket cloeed ftrmar yeeterday but off its highs for tha day aftar tracking tha volatile Japanese market, brokers said. The All Ordinariee Index finished 8.7 points up at 1.681.3, down from Its earlier peak at 1,688.4. Dealers said profit-taking and renewed
      Reuter  -  559 words
    • Article
      Lock icon Bangkok: Second sharp drop
      248 20 Reuter MOST shares clossd sharply lower for tha second day running yesterday amid lingering concern over the impact of last week's suspension of two local sub-brokers and uncertain outlooks of major foreign exchangee, brokers said The official SET Index fell 12.72 points to 864.96 in moderate
      Reuter  -  248 words
    • Article
      Lock icon Taipei: Nervous trading
      375 20 Reuter TAIWAN'S stock index slumped to a lower finieh yesterday after a dey of nervous trading that saw investors inclined to take profits after two coneecutlve record-breaking finishes. dealers said. The weighted index, which wavered over a more than 150-point range during the day, finiahed 66.23 points
      Reuter  -  375 words
    • Article
      Lock icon Seoul: Prices end lower
      306 20 Reuter SHARE prtcM cloeed generally lowtr In tMn trading yesterday, pushing the compoeito Indu down to gkAliiA ie uAAa WW IwWwwl PO in* W*V JrvSV| and many brokers saw further taita. There might be occaatonal technical rabounda but we think the market la po'wo 10 toi
      Reuter  -  306 words
    • Article
      Lock icon Manila: Marking time
      96 20 Reuter PHILIPPINE shares msrked time yesterdsy. with jitters about political uncertainty in Manila countering the impact of the recovery on Wall Street, brokers said. The Manila Stock Exchange composite index, ending s six-day fall, rose 1.64 to 1057.76, from Tueeday's close of 1056.12, led by the oil
      Reuter  -  96 words
    • Article
      Lock icon New Zealand: Higher close
      164 20 Reuter NEW ZEALAND shsre prices firmed in thin trading yesterdsy, with brokers expecting s stand-oft between buyers and sellers to continue for seversl days. "We're likely to see a few more days like this before we get going," Peter Halligan of Auckland sharebroker Buttle Wilson said.
      Reuter  -  164 words
    • Article
      Lock icon Bombay: Third straight fall
      206 20 Reuter BOMBAY share prices were hit by heavy speculative selling tor the third consecutive day yesterday on fears of heavy taxation in the March budget for fiscal 1990/91. Brokers said market nervousness was compounded by the continued absence of institutional support. "The market is developing cold
      Reuter  -  206 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      394 20 NOTICES In The Matter Of The Companies Act, Cap 50 And MTTIiUM MMME PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 1 Benoi Road, Singapore 2262 on the 10th day of January 1990 the following Special Resolution was duly
      394 words
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      Page 20 Advertisements Column 2
      74 20 PRIME-CHEM INDUSTRIES PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act. Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 559-C Balestier Road. Singapore 1232 on 18 Feb 1990 at 11 00 a.m. for
      74 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon Miller seen as right man to head Federated Stores
      543 21 Reuter FORMER US Treasury Secretary G William Miller, chosen to head bankrupt Federated Stores Inc. is a formidable executive capable of steering the retail company through a complex reorganisation, according to Wall Street and retail industry experts. Howard Bloom, head of
      Reuter  -  543 words
    • Article
      Lock icon Liabilities total U$57.74 billion
      222 21 Reuter FEDERATED DEPARTMENT Stores Inc and Allied Stores Corp listed liabilities of U555.34 billion and US$2.4 billion, respectively, in their filing for Chapter 11 bankruptcy protection. The two retail store chsins, owned by Campeau Corp, filed for bankruptcy protection in Cincinnati, Ohio on Tuesdsy. In court
      Reuter  -  222 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1799 21 Reuter AMSTERDAM: Dutch shares were oft early highs in quiet mid-session trading yesterday before the 1330 GMT release of US November trade data, dealers said. The EOE real time 25 share index rose 2.96, or one pet, to 287.55 from a 288.21 high. Tension was rising and
      Reuter  -  1,799 words
    • Article, Illustration
      Lock icon Equities firm in cautious trade
      858 21 London Reuter LONDON shares opened firmer in cautious business yesterday after Wall Street closed 23 points higher on Tuesday. having fallen sharply in previous sessions. "Wall Street s performance was pretty unconvincing. There was a lack of sellers, so there was a technical bounce." one
      Reuter  -  858 words
    • Article, Illustration
      Lock icon GM's declining profits may lead to structural changes
      656 21 Reuter GENERAL MOTORS Corps rapidly declining fortunes have analyst* beginning to wonder if the car maker can continue to operate without radically restructuring its operations. Specifically, they question the once-mighty company's ability to support six separate car divisions. as its share of
      Reuter  -  656 words
    • Article
      Lock icon Smith New Court acts against Citicorp unit
      393 21 FT SMITH NEW COURT, the securities firm, has launched an unusual legal action against a subsidiary of Citicorp over losses of up to £13.4 million it faces on a holding of shares in Ferranti International. The action alleges misrepresentation over Smith's purchase of
      FT  -  393 words
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      Lock icon Respite for nervous buyers
      845 21 New York Reuter WALL STREET stocks shrugged off brosd declines in foreign markets to close higher on Tuesday, spurred by gains in technology stocks end news of severs! takeovers and restructurings. The Dow Jones industrial sverage gained 23.25 points to close at 2,692.62, despite sharp losses
      Reuter  -  845 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      799 22 |T Where tv entertain... Where tuentertain... Where tv entertain... Where to TOSS TO A PROSPEROUS YEAR AT A miMO COURT HOTEL SINGAPORE 1 Tanglin Road Singapore 1024 Tel: *****33 £fk At Ming Palace Chinese Restaurant, our Hong Kong Chef has specially prepared Good Luck Yu Sheng as well as many
      799 words
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      Page 22 Advertisements Column 2
      209 22 MH To those who've yet to discover the true flavour of Hungarian Cuisine Unravel the delights of Hortobagyi Husos Palacsinta, Esterhazy Rostelyos and over 60 Hungarian favourites. Hungary, anyone? HUNGARIAN BUFFET LUNCH 2 31 January "90 noon 2.30pm Adult: $36+ child below 10: $18+ We serve the world to you
      209 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      787 22 QRP 19 Here Hates Me (r). t.OO News at Eight (C). 11.35 Ehwal Islam. X/prn TrPSI OPU 7.30 Newt (M). 1.30 Studio One Presents (C, L). 12.00 Teater Misteri The Suicide Mur.VV/IvJI IIV/CAt 730 piyi ooen.no Announcement and 750 Newswatch. 135 When Dawn Breaks (C. Ep 14). ders. Saul Rubinek.
      787 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Key to happiness in old age
      806 23 HEALTH NYT THE SECRET of emotional health among older men ie not a successful career, a happy marriage or a stable childhood, new findings in the United States suggest. It liee instead in an ability to handle life's blows without passivity, blame or bitterness.
      NYT  -  806 words
    • Article
      Lock icon Annie sequel transformed into revival of original show
      451 23 THEATRE AP A FUNNY THING happened to Annie 2 on its way to Broadway. It will become a revival of the original Annie. The US$7-million sequel to the 1977 musical hit about the world's most famous orphan closes on Saturday in Washington
      AP  -  451 words
    • Article
      Lock icon American museums reach out to couch potatoes with tapes of exhibits
      434 23 VIDEO AP NEW YORK'S Mumuiti of Modern Art has became the latest institution to enter the video stores with a 60-minute tape tied to its Picasso snd Braqua: Pioneering Cubism exhibition. The unprecedented exhibition, with nearly 400 art works
      AP  -  434 words
  • Page 23 Advertisements
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      206 23 entertain.... I I Hours In I I The Park. I Our early evening Happy Hours at The H M Fountain Lounge are dimply delightful. For V every drink you order you get the next one free. flj I Plus, you get 25% off bottle purchase*. And I I to make
      206 words
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      Page 23 Advertisements Column 2
      206 23 TIEN COURT For a whole new Sichuan experiencet Tien Court presents a feast of spicy Sichuan dishes prepared exclusively for you through the exceptional skills of our famous Taiwanese chef and his team. Amidst the elegant ambience of a 'heavenly' court, they create a supreme touch of Sichuan that keeps
      206 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      546 23 onraepm 24 Actors moulded into their roles? (4) 26 A fool to weaken (3) 27 A plant from the mere 30 it's the custom to 22 Vex (3) edge (4) breathe a little! (5) 23 Defective (6) 29 He gets a letter from 31 Wor ked at a song at
      546 words
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      Page 23 Miscellaneous Column 2
      636 23 RADIO BBC Highlights Radio 5 Highlights So Much Blood, 7 30pm Singapore Symphony Orchestra, When actor Charles Paris (Francis 15pm Matthews) presents his one-man Conducted by Choo Hoey on Jan show at the Edinburgh Festival 12. the orchestra plays Dvoraks Fringe, he finds himself in the role of "Othello Overture
      636 words
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  • LATE FILE
    • Article
      Lock icon Japan investment tops US$1 trillion
      42 24 AFP JAPAN'S aggregated total of diract foreign investment worldwide aa at the end of 1988 came to U551,032 trillion, topping the one-trillion level for the first time ever, the Japan External Trade Organiaation (Jetro) aaid yesterday. AFP
      AFP  -  42 words
    • Article
      Lock icon Cheney to visit Singapore
      44 24 AFP US DEFENCE Secretary Richard Cheney will visit South Korea, Hongkong, Singapore, the Philippines and Japan in February, it was reported in Manila yeaterday. In the Philippines. Mr Cheney will discuss bilateral issues, including the US bases, government sources said.
      AFP  -  44 words
    • Article
      Lock icon Citicorp to axe 215 jobs in UK
      45 24 AFP US BANK Citicorp has said that it will axs 215 jobs at its London stockbroking subsidiary Citicorp Scrimgeour Vickers and give up most of its broking activitiss in British shares in the City. AFP 8m PAGE 14
      AFP  -  45 words
    • Article
      Lock icon IBM earnings sharply lower
      27 24 Reuter COMPUTER giant International Business Machines yesterday reported sharply lower earnings in the fourth quarter of 1989 after accounting for huge restructuring costs.
      Reuter  -  27 words
    • Article
      Lock icon Tokyo to limit car exports
      32 24 AP JAPAN will voluntarily limit its car exports to the US to 2.3 million passenger cars again in fiscal 1990, Trade Minister Hikaru Matsunaga said yesterday. AP
      AP  -  32 words
    • Article
      Lock icon Myanmar leader banned
      35 24 Reuter MYANMAR's main Opposition leader. Aung San Suu Kyi, has been barred from next May's general election because of alleged contacts with banned organisations, a spokesman for her party said yesterday. Reuter
      Reuter  -  35 words
  • Article
    Lock icon Comex gold
    117 24 Reuter COMEX gold futures drifted slightly higher on small-lot buying in early trading as the dollar slipped on a larger-than-expec-ted US trade deficit of US$lO.5 billion in November. February gold edged up US$O.BO to U*****.00 an ounce. Analysts said traders bought on the prospect that a cheaper dollar
    Reuter  -  117 words
  • Article
    Lock icon Crowds block tanks in Baku as thousands of Soviet troops arrive
    381 24 AFP CROWDS swarmed onto the streets of Baku, the capital of Azerbaijan, yesterday to stop Soviet tanks entering the city centre, aa the Kremlin sent thousands more troops into the violence-wracked Caucasus. Some 11,000 fresh troops were being deployed
    AFP  -  381 words
  • Article, Illustration
    Lock icon Urgent need for Asean to look into strategic actions
    412 24 Bernama THERE IS an immediate and urgent need for Asean governments and private sectors to consider strategic actions in the light of developments in the European Community, which is moving towards a single market after 1992, Malaysian Deputy Trade and Industry
    Bernama  -  412 words
  • Article
    Lock icon KL, Taiwan institutions to jointly develop business opportunities
    145 24 AFP MALAYSIA'S Development and Commercial Bank and Taiwan's China Development Corp have agreed to jointly develop business opportunities in the two countries. The bank's chairman, Khoo Eng Choo, and China Development chairman Wan-Ling Kiang signed a memorandum of understanding in Kuala Lumpur
    AFP  -  145 words
  • Article
    Call for UN presence in Cambodia
    600 24 Security Council issues document on comprehensive settlement THE United Nations Security Council's five permanent members agreed on Tuesday to seek a Cambodian settlement based on establishing a UN administration in the country until free elections. and on international peacekeepers guaranteeing security. After two days
    600 words
  • Article
    Lock icon Malaysia raids 21 suspected illegal foreign exchange firms
    471 24 Bernama BANK NEGARA has raided 21 companies suspected to be conducting illegal dealings in foreign exchange, just eight days after it had warned them against contravention of the exchange control act. The companies nine located in Kuala Lumpur, seven in Johor, one
    Bernama  -  471 words
  • Article
    Lock icon Top officials of post-1997 HK have to be Chinese nationals
    319 24 AP CHINA yesterday further hardened its line towards Hongkong by deciding that all chief executives and other top officials in the territory's post-1997 government must be Chinese nationals who also do not have right of abode in any foreign country.
    AP  -  319 words
  • Article
    Lock icon Soviet military presence in Asia-Pacific reduced
    307 24 AFP AP SOVIET military forces in the Asia-Pacific region are being reduced, a Soviet embassy official said in Manila yesterday amid reports that Moscow was pulling out most of its offensive forces from Vietnam. "The USSR has made a number of reductions in its
    AFP; AP  -  307 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      305 24 The silver report was not available at press-time I kJ Xm I mjfa >9 Mt-, Vf I Fish NEW ZEALAND (Brown Rainbow Trout, Salmon) For only US$4OO per day (Min. 2 Days) PRICE INCLUDES: Transport from Christchurch. 2 DAYS Fishing with accommodation at lodge All Meals. Liquor. Experienced Guide. Rod.
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      2 24 Leader, PAGE
      2 words
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      Page 24 Advertisements Column 3
      415 24 Singapore laude call for iMwwyafv itM bodv to rule w* y w Cambodia, PAQE 3 I SINGAPORE: 9 410 FEB IKL:I6 i 17 FEB 1990 IMARTIN J. PRING— I Technical I Analysis Structured to accomodate all levels experience, this seminar will benefit everyone whose professional decisions are based 1 on
      415 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Myanmar to sell rice to Mauritius
        94 25 AFP OFFICIALS OF MYANMAR and Mauritius on Tuesday signed an agreement for Rangoon to sell 10,000 metric tons of rice to the Indian Ocean island nation, Rangoon Radio said in a report monitored in Bangkok. The radio said the agreement was signed at a
        AFP  -  94 words
      • Article
        Lock icon Ambulance cars for Hungary
        136 25 AFP TOYOTA MOTOR CORP, Japan's biggest carmaker, said on Tuesday that it would export a total of 2,550 ambulance cars to Hungary in the next 10 years. Toyota officials said Toyota and Hungary's Techno Index Trade Co Ltd were to sign an agreement estimated to be
        AFP  -  136 words
      • Article
        Lock icon Fire in hold of Soviet carrier
        99 25 Reuter THE 41,798 DWT SOVIET bulk carrier Yasinovataya has a fire in one of its holds at Singapore, Lloyds Shipping Intelligence Service reported. The ship was bound for Soviet ports with a cargo of 33,830 tonnes of Thai tapioca pellets. It arrived at Singapore
        Reuter  -  99 words
      • Article
        Lock icon Emery wins Jaguar contract
        66 25 Reuter EMERY WORLDWIDE, a unit of Consolidated Freightways Inc. has been selected by Jaguar pic to transport critical parts used in the manufacture of the British car. The contract, effective Jan 1, calls for Emery Worldwide to provide daily, door-to-door delivery of all US-manufac-tured production components
        Reuter  -  66 words
      • Article
        Lock icon Fire on tanker put out
        64 25 Reuter A FIRE WHICH RIPPED THROUGH a Saudi Arabian oil and chemical tanker in the Red Sea has been put out and the ship is still afloat, its owners said. A spokesman for Bakri Navigation of Jeddah said rescue teams were searching for three missing
        Reuter  -  64 words
    • Article
      'K' Line, Mitsubishi form joint-venture firm
      134 25 JAPANESE companies Kawasaki Kisen Kaisha Line ("K" Line) and Mitsubishi Corp have set up a 50-50 joint venture Rio Diamante to transport woodchips from Japan to Chile. This newly set-up shipowning and operating company is said to be the first joint venture be- tween
      134 words
    • Article
      Index to advertisers
      915 25 Pag* Column ABC Containeriine Thirteen 5 Accord Shpg Ten 3-5 Albotros Sea-Air Seven 5 A PC line Seven 5 API five 3-5 AfS Thirteen 3 Arrow lines Nine S Asian Express Six 4/5 ANl Three 1/2 ASCI Five 1 Bait Conada line Eleven 4/5 Bait Orient line
      915 words
    • Article
      Volume of cargo handled at Kelang up 23pc
      437 25  -  By AZAM ARIS THE VOLUME of cargo handled by the Kelang Container Terminsl (KCT) shot up by 23.3 per cent to 393,954 20-foot equivalent units (TEU) last year compared with 319,557 TEUS in 1988. The higher volume was mainly the result of
      437 words
    • Article, Illustration
      KCT draws up plans to prevent container congestion
      353 25  -  By YAMIN VONG NIP IT in the bud. That seems to be the current motto at the Kelang Container Terminal (KCT), which has drawn up plans to prevent the usual container congestion when importers take long breaks for the Chinese New Year.
      353 words
    • Article
      P & O may order four or five containerships
      362 25 P O may order four or five containerships P 4 0 CONTAINERS, the UK's largest liner shipping operator, is believed to be considering an order for four, or possibly five, cellular containerships in the 4,000 TEU category while Taiwan's Evergreen is set to order a 4,000 TEU post-Panamax containership capable
      362 words
    • Article
      Kelang Container Terminal to invest M$22m this year
      315 25  -  -By AZAM ARIS THE KELANG Container Terminal (KCT) will invest Ms 22 million this year to keep pace with the expected increased in container throughput. The bulk of funds will go to the purchase of an MslB million ship-to-shore gantry crane. The
      315 words
    • Article, Illustration
      Lock icon Bold future plans but current uncertainties for Japan's liner majors
      1380 26 Diversification is the quest of Japan's liner majors. To the chagrin of its rivals, Japan's largest shipping operator Nippon Yusen Kaisha (NYK) is running ahead in this field also. In addition to profitable securities and real estate operations, it is
      Seatrade Business Review  -  1,380 words
    • Article
      Lock icon Saudi 'white elephant' grows up
      225 26 AFP INITIALLY DISMISSED by outside critics as the classic "white elephant". Saudi Arabia's mammoth petrochemical project at Jubail is now the centrepiece of the Kingdom's bid to secure a place among the world's industrialised nations. It has taken engineers 13 years to transform a tiny
      AFP  -  225 words
    • Article
      Cockett bunker report
      827 26 THIS twice weekly report, compiled by Cockett Marine (XI Ltd. •hows price ranges In US dollars instead of single prices tor a more comprehensive description ot the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
      827 words
    • Article
      SHIPS IN PORT
      1961 26 AT CONVENTIONAL WHARVES Viml Voy No Berth Arrival Dtparlm Arrow King MOB CIO oto«g«d« 1101/OtOO •ortoi 01 K3t olongMta isoi/o»oo OoKi 31 two KX atongwte 1401/ WOO Contdmon I0A2* K17 otongwto 2001/OtOO tq«oH>r 3 2/101 KX okmgudt HOI/0700 HoHoho 4-1N K28 oloogMto I7jM/ 1100 Kotttoio e «32
      1,961 words
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      London Freights
      928 27 Rates in the dry cargo freight market again remained broadly stable with only small adjustments made to the Baltic Freight Index (BFI) which overall climbed by three points to 1,663. There was talk of business between Japanese operators for heavy grain from the US Gulf to Japan at
      928 words
    • Article
      SHIPPING LIST where your ships are due... and when
      7823 32 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      7,823 words
    • Article, Illustration
      M'sian exporters unhappy about new FEFC rate
      526 38  -  By OTHMAN ABU BAKAR and YAMIN VONG MALAYSIAN EXPORTERS who attended the first briefing on the Far Eastern Freight Conference (FEFC)'s new tariff NT9O in Kuala Lumpur on Tuesday were generally unreceptive of. and against, the new rate. Two of the points they
      526 words
    • Article
      Lock icon Coffee exports up more than 20pc after controls lifted
      312 38 AP COFFEE EXPORTS rose by more than 20 per cent in the first five months after international controls on sales were lifted in July, the International Coffee Organisation reported on Tuesday. Figures released by the 69-nation organisation showed that its SO
      AP  -  312 words
    • Article
      Monitoring system for export newbuildings
      116 38 THE SOUTH KOREAN government is to introduce a monitoring system for export newbuildings in a crackdown on price-cutting by Korean shipyards. Korean shipbuilders will have to get "export recommendations" from the Korean Shipbuilders' Association (KSA) before signing a formal newbuilding contract, said a Seatrade Week
      116 words
    • Article
      Lock icon Tiphook welcomes Sea Containers' response to Stena offer
      328 38 Reuter CONTAINER leasing firm Tiphook welcomed news that Sea Containers may accept its offer with Sweden's Stena AB for Sea Containers aasets, under which Stena and Tiphook will drop their hostile offer for Sea Containers made through Temple Holdings Ltd. "It's great,"
      Reuter  -  328 words
    • Article
      Lock icon NZ's oil refinery running at full capacity
      189 38 Reuter NEW ZEALAND'S only oil refinery is now running at full capacity after a port diapute that threatened to close it down was resolved, New Zealand Refining Co (NZR) General Manager Peter Fransen said. The Marsden Point refinery at Whangarei, north of Auckland,
      Reuter  -  189 words
    • Article
      Shipping diary
      539 38 Jen 4-14 International boat show, Earls Court, London. Jan 15-Sept 30 Diploma In Shipping A Port Management Conducted by Port of Singapore Authority at Training Department, Tan)ung Pager Complex. Tel: *****25. Jan 18 International shipping and the employment opportunity, lecture, Nautical Institute London Branch, 1830 hours. The Naval
      539 words
  • Page 25 Advertisements
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      34 25 How to look after @33@IM§ and mode 1. Available weekly at major STP Distributors bookshops and news-stands For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
      34 words
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      18 25 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National vJßgiffcl Shipping Association.
      18 words
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      Page 25 Advertisements Column 3
      351 25 A lively BOS way with WW words avßbN* at good bookahopa rfOfffl r\JDIIC9!IO^I I SingaPort'9o I I 7-10 February 1990 I Halls 3 5, World Trade Centre I I Singapore I 1 International exhibition and conference for the maritime industry B m H B Come February 1990, the decision-makers of
      351 words
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      Page 25 Advertisements Column 4
      163 25 INSIDE Bold plans for Japanese lines DIVERSIFICATION is the quest of Japan's liner majors. To the chagrin of its rivals, Japan's largest shipping operator Nippon Yusen Kaisha (NYK) is running ahead in this field. Page Two 'White elephant' grows up INITIALLY dismissed by outside critics as the classic 'white elephant',
      163 words
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      2208 27 jAhL>iUL UIIWETBBWT^^^^ \llVf/ 200 Cantonment Road #12-06 SouthpoMit. Smppore 0201 WW Tal *****11 TELEX NO RS ***** ITIIIIITI TERMINAL/CFS Tel *****18 220 CGOOO F l BOOKINGS T*t *****14 235 PESAKA JAROINE shipping agencies son bno MWM PORT KELANG TEL *****18 Telei No. MA*****/MA***** <x |T j s>\ lu .C ■WMTHMPM
      2,208 words
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      Page 27 Advertisements Column 2
      2217 27 Veeeei Voy ETA ETD 'Port -Penenfl DESTINATIONS tns Mt m fmi. by 888 WCT!WMBBB——iMHHBBME 22/1 0400 MRS M fsreo 8 ■■■■■■WINHHinMPWHIH crs H/t 400 MRS M Teuro OAK LOB HOU MEM ATI MIA CHS BAL PML NYC HON TOR MATHH.DE M 9002 23/1 24/1 18/1 [»/i 10/2 TiTi 15/2 1&7
      2,217 words
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      1163 28 VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN* 4 LE HAVRE KURAMA 03/507 18/1 12/2 6/2 JU2 Si Tui BENAVON 92/511 24/1 28/1 13/2 15/2 12/2 18/2 20/2 TOKIO EXPRESS 91/510 25/1 19/2 13/2 15/2 12/2' IA/2 TOLAGA BAY 08/514 31/1 2/2 20/2 22/2 24/2 2S/2 27/2 HAMBURG EXPRESS
      1,163 words
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      635 28 I SIN LAE SUV PPT I SLA FLOREANA 23/1 8/2 15/2 20/2 AGIOS SPYRIDON 25/2 9/3 17/3 23/3 I DIRECT CHILE SERVICE 1 SIN IQQ ANF VAP I ISLA FLOREANA 23/1 5/3 7/3 9/3 AGIOS SPYRIDON 25/2 5/4 7/4 10/4 Aosnts: I Singapore *****00 Bookings: *****06 Johore: 07-*****2 NORTHBOUND TO
      635 words
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      Page 28 Advertisements Column 3
      1218 28 I El aroa&«g& &mmb REGULAR INDEPENDENT FULL CONT/UNER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN CLM PRS ALC BCL FEL HAM BRE ROT ANT LMA (VIA (VIA (VIA Mfi NAM) ROT) ARABIAN SEA 943W 19/01 23/01 05/02 10/02 12/02 14/02 16/02 17/02 11/02 19)02 20/B2 NOR ASIA MUBARAK M 45-3 30,-01
      1,218 words
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      1565 29 fig Steamers Maritime Holdings Ltd Wi P&O WW STRAITS SHIPPINGI Containers hun. SSSTJ SSL 8 S'pw* P.I0«« S-to» H'kwi S')>a«M R'ten Uk ACCEPTS CARGO Olit SAILS KNAiKR vm vtm um <m um um vm KURAMA 11/01 1202 H/B OM2 OME UJB KNAVON M,m 2S/01 LMH IMB 1101 IMB Mffi BINTANC
      1,565 words
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      Page 29 Advertisements Column 2
      1588 29 TO: EUROPE TO: FAR EAST SPORE HK MO Ml CMOVANC PARK MM rfn "J" E [J* HANJIN TONGHAE 071E ail W W m OAKLUHIS }52 !w liS HAWIN ROTTERDAM 006E 2S/1 U2 2/21/2 f-HOYAnc m trrr*w«7w }J» JI2 £2 CHOYANC CHANCE B4SE 5/2 WWW MAN I l 22 QUEENSNAY BRIDGE
      1,588 words
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      Page 29 Advertisements Column 3
      26 29 REGULAR SERVICE TO KARACHI S POKE LOADING FOR TBN 10/2 KARACHI A«M*K SHMUSAWA MBSMM K.T.V. TRANSPORTATION CO. (FT*) LTD Tat: limit Tli: RS mil Pu 23M04
      26 words
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      Page 29 Advertisements Column 4
      327 29 ■HnVAßwi'/VSIVIII V//■lff aS|lm M I MWBBWilBM;! i STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL ASIAN CHAMPION COSMIC CLIPPER TRADER TRADER VOY NO. 121 5 I Spore 2S/1 1/2 12/2 P. Kelang 27/1 4/2 15/2 Penang Hong Kong Yokohama Nagoya 14/2 11/2 4/3 Osaka 12/2 Senboku 1/3 Kashima
      327 words
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      640 30 HPiOTWPW!IVf!VH9P!f9fI ftl i> 18SHiBSMiHIBIiM IRANIAN SERVICE I Slngapor* Loading for:- I IRAN EKRAM PJL7JO Stllad BANDAR ABBAS (NltltMl UM Of MlllCt) IX WEST CMST/MBOM/CBITML n—urn contains shmce HM L» NSC NAM ICAMKNAJ SAIINA CRUZ HMUANIUO LOW lAT V-O 2#rt 12/2 I*2 2U2 W rtxuu m vn 9 m m in
      640 words
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      Page 30 Advertisements Column 2
      755 30 Q) HANJIN SHIPPING FULL CONTAINER SERVICE Il'pri I R dam HW| B'havan Fttaaw I HOt* WL ?J* imi UW 2211 1/2 9/2 UV2 12/2 13/2 I HAIUIN TOM 6 HM®U Ufl W W 27/1 m 1W 1« 11/2 m I NAJUIN ■OTTUOAN Ml M RWJUII N« JW W 3/2 21/2
      755 words
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      Page 30 Advertisements Column 3
      1359 30 zrwj J T p-] M liiii Ti V p 111 11| k:s% 5. SsiIIIi?;IHDs is !H I ALSO ACCEPTING CARGO TO: I I) FROVIOENCt MIAM. SAVAJMAN, BOSTON PHILADELPHIA. NORFOLK. MCXKMnUX MMTRfAL. TORONTO VIA NW TOM I MLMNCTON. KMUOA. fTC a ATLANTA. CHICAGO. OCTMrT, tOLUMBUI OTHER HAJO* MCROBRIOGE DESTINATIONS 1 I.
      1,359 words
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      Page 31 Advertisements Column 1
      1209 31 jaggOlf PACIFIC INTERNATIONAL LINES (PTE) LTD m /llhl PIL Building, 140 Cecil Street #03-00, Singapore 0106, Tel: *****33 uchii VOY SIN jkt 3BY VOY ma vok noo ko« bus kh kao mug HAJQUANQ 2358 24/01 27/01 29/01 24N8 7/02 14*2 IS/S2 16/02 14/02 21/02 22/02 IS/02 I4AJAPAHIT 51 SB M
      1,209 words
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      Page 31 Advertisements Column 2
      1011 31 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOTi P.T. KSUII LLOYD P.T. WWCM WXWBU e P.T. TBKOiA LLOYD CR MBA ***********-0 PRE LINAI NEW YEAR LOADERS FOR AMSTERDAM/ROTTERDAM, HAMBURG, BREMEN, ANTWERP NV S. PAPUANS VOY 24/WR LDARINI STORE 10 JAN 21 JAN MV BAAB ILLAH VOY 21/ VI LOADINO
      1,011 words
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      Page 31 Advertisements Column 3
      348 31 feMft MYANMA ttßSk FIVE STAR UNE 1 (Burmese National Line) Loading for Yanfon (Rangoon) S port P.Kelang Penang Bangkok LASH tO Vllt 110) iAN PIMYA VIO6W 2*25 JAM PAGAN VIS* M(U lAD HPA AN ¥147* U FEB MERGUI V/J7W I*l2 FEI 13/14 THE BANK LINE I EXPRESS TO PAPUA HEW
      348 words
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      253 32 I WEEKLY STRAITS/MADRAS CONTAINER SERVICEH rS~! DAILY LCL RECEIVING AT OWN CFS I LSS*J PENANG I VESSEL K KtLANU I SPORE IPK MAURA!. (FEEDER) ifi/i LEUVE V 9117 21/1 26/1 /macolinel S ta iT 3 I|* J BOOKINGS: S'PORE *****22 PK (03) *****77 PEN (04) *****6 m MMAC-NELS AGENCIES PTE
      253 words
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      Page 32 Advertisements Column 2
      184 32 I HJLIUI^jI^LuLMiMUJULaI MANILA/SAIPAN/GUAM DIRECT SERVICE (BREAK-BULK/CONTAINER) VESSEL STORE MANILA SAIPAN GUAM SPARKLE Y5 31/1 7/2 14/2 IS/2 SPARK LE-V6 27/2 6/3 13/3 14/3 SPARKLE V 7 2S/3 2/4 9/4 lfl/4 (MICRONESIA PORTS DIRECT CALL SUBJECT TO INDUCEMENT) GUAM/SAIPAN SERVICE (VIA HK) FEEDER SPORE MOTHER H/K GUAM SAIPAN TBN 13/2 0.
      184 words
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      Page 32 Advertisements Column 3
      321 32 MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKC LBN OAK SEA FROM PSW LBH OAK SEA HKG SN_ HYUNDAI PIONEER 2* 11*1 23*1 12*2 tt*2 M*j gjgfjj 2M2 29/12 02*1 IVOI 2*ol LALANDIA 29E 27*1 11*2 19*2 22*2 25*2 HYUNDAI COMMANDO 2 2K 22?
      321 words
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      Page 32 Advertisements Column 4
      21 32 iHWIIIBIfI DIRECT TO FREMANTLE GERALDTON FCL, LCL, REEFER BREAKBULK HEAVY LIFTS NEXT SAILING KAPITAN VOY. 9$ SIN: 29/01 jIUN FRE: 06-09/02
      21 words
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      Page 33 Advertisements Column 1
      1412 33 ■pe- ln^rr MAMtTIMI I Id FCL/LCL TO: FAR EAST JAPAN EUROPE FIJI ISLAND KAOHSIUNG —28/1 TOKYO —25/1 LE HAVRE —29/1 LAUTOKA 2/2 KEELUNG —28/1 YOKOHAMA —25/t ROTTERDAM —29/1 SUVA 2/2 MANILA —26/1 KOBE —25/1 UK PORTS —29/1 BANGKOK —28/1 HAMBURG —29/1 BUSAN —23/1 GOTHENBURG —29/1 HONGKONG —25/1 mm ?SONT! 4DINAVIA)
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1039 34 VOY *INOO 'PK/PNG [sGP LB CHLS NFK NYC HFX NEPTUNE GARNET 24 15/1 16/1 11/1 10/2 20/2 22/2 24/2 21/2 OOCL FAIR II 22/1 23/1 25/1 17/2 27/2 1/3 3/3 7/3 1 RAINBOW BRIDGE 22 29/1 30/1 1/2 24/2 6/3 1/3 10/3 14/3 OOCL FREEDOM 29 5/2 6/2 6/2 3/3
      1,039 words
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      Page 34 Advertisements Column 2
      766 34 CTD SIN I (IMY) I I «(10AV| I I tdM BOOWHG COWT«CT I I I "'""-'I I WWW ffSSZ* VICTOR TWICt/WKLY ETD SIN <3 °A YS P WYS) (1 DAY) 4 ggg[ |—g|L[ |—iL Anuc r ,rrr,,,M/ [JOYCE/JUDY —TWICE/WKLY ETD SIN (6 DAYS) ♦(1 DAY) +(4 DAYS) BOOWNG, CONTACT 22/01$)
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      Page 34 Advertisements Column 3
      374 34 /Vy?Sl GOLDEN LINE A GUAN GUAN SHIPPING (PTE) LTD V\ a Tttok Aftt Street sjncapori 01M Til nam (io u«s> r<> iwisw STRAITS/PERSIAN GULF SERVICE: S-pore p. Ketone OOLMN BtAR CokMtbo/KjradH/Oute WM im -Z QXOCN HARVEST CotOTboflUradWOatoM 4* F«* CHINA SfRVKE BAI TUN SHAN Hum«m/Fu*ou JifS Jm CHINA OCEAN SHIPPING
      374 words
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      Page 34 Advertisements Column 4
      571 34 i+onunentai rßcmc Shipping TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR HERUVIN SM SETE/RDRIf ANT/FLU/UK CAPTAIN GEORGE SM SM SETE/ROM/ANT/FLU/UK I "At'A h« H 2«A IP SET t/R 044/ AN T/Ft U/UK SiteK/lndonnii ./Ox mULTIfOm AGENCIES (S) PTE. LTD. n TCL; m 3Tl FAX: *****31 f M.
      571 words
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      Page 35 Advertisements Column 1
      1424 35 SHIPPING TUyiEiO, inursuay, jnuuatj NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) Bookings UK/EUROPE *****53, *****19, AUST/INDIA/PAK-*****18 mm USA *****42/*****16 FAR EAST-*****48 Documentation: *****44/*****14 Terminal: *****22 CFS: M 2 IMPORT: *****69/*****50 l EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L-*****33, P.Kelang-*****87, Penang-*****0, J.Bahru-*****3, *****4 H FDR VSL/VOY PEN PKG SCP
      1,424 words
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      Page 35 Advertisements Column 2
      1359 35 SINSOV i! SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****1/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** pemamg p. hums MESSRS HAI THONG SHIPPING 127 PMMaStraL MMrm «S NANOLING SYSTEM CO SON INO
      1,359 words
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      Page 36 Advertisements Column 1
      670 36 OlifDSR^NgSB^ DSR LINES VEB DEUTRACHT/SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE j OUTBOUND SIN ICA ANT ROM Hy RST W. ULBRICHT 2/SO 3/02 17/02 27/02 27/02 1/03 2/01 FAHRLANO 2/» 1/02 24/02 8/03 W3 11/OJ T WENOA V4W 23/02 09/03 11/03 11/03
      670 words
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      Page 36 Advertisements Column 2
      1152 36 ukc comrmrmoHAL omyki Vwml P KLG PNC PC Loading for JIANGCHUAN 2*12 RotterdMl/AntMrp CMBtA r«U COWTAQ4MI «jg VnMl Pkl« Pnf Sport Bkk Hk« Shot Qinfdoo VANG FANC KOU VIH 30/12 20/11 4M 11/01 14/01 SHANC CHEN Vll4 21/01 23A1 27/01 n/02 47/02 Actapltnt FCL Cargo for all odtor Chinm porta
      1,152 words
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      Page 36 Advertisements Column 3
      317 36 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/PANJANG/CIGADING/ BENGKULU VSL ETA ETD LOADING FOR DELI INDAH 20.1.90 21.1.90 PANJAN6/PK. BALAM NAGA JAYA 22.1.90 23.1.90 PANJANG LAMPUNG JAYA 24.1.90 25.1.90 SEMARANG/PANJANG PINANG JAYA 20.1.90 21.1.90 PANJANG/PK. BALAM PERITA JAYA 19.1.90 20.1.90 PANJANG/JAKARTA ABADI JAYA 22.1.90 23.1.90 PANJANG PERITA INTAN
      317 words
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      Page 36 Advertisements Column 4
      453 36 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL CONVENTIONAL CARGOES AFGHANISTAN KabU Mashad, Kushka I k: Djulfa, Astara VIA ILYICHEVSK ETD SINGAPORE :28/01, 1/02, 6/02, 9/02 I EUROPE l t :To all inland Doints: VIA VOSTOCHNY Poland, Bulgaria, Czech, Hungary, Romania USSR, Finland
      453 words
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      Page 36 Advertisements Column 5
      466 36 ASEAN PORTS Ngow Hock Agency Co Lid BKK (Tel: *****80) HEMES AC£ PW IwW M/l Sm 21/1 BAT AHA BWUM 33W Sit 8(1 Tw 3(1 PIYA BHUM HI to afl BM */l JCWLIWK HOW Tw a/1 Fri 2*l sim bhum cm w mix sn vn siam pacha m rri a/i
      466 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      1097 37 I VESSEL VOY SINGAPORE KHF/DUBAI KARACHI I LANKA SRIMANI 74W 27/1 22/2 15/2 I LANKA SRIMATHI 73W 06/2 22/2 19/2 I LANKA RUWAN 3W 16/2 I ALSO ACCEPTING CARGO (FCL/LCL) FOR: I A) INDIAN PORTS I MADRAS; TUTICORIN; COCHIN; MANGALORE; BOMBAY I B) ARABIAN GULF PORTS I SHARJAH; DUBAI; BAHRAIN;
      1,097 words
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      Page 37 Advertisements Column 2
      229 37 ACCEPTING FCL AND CONVENTIONAL PEN/PKQ ETA LOAO«WO FOA SPORE ANOINET 3/2 OARESSALAAM MOMBASA. DJIBOUTI VOY 18WB ASSAB M ASSAM A HOOEIOAH ABBAY WON 2 V 3 OARESSALAAM MOMBASA [XMBOUTI VOY 23W8 ASSAB MASSAM* MOOEIOAH H KIEN hung line FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH
      229 words
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      Page 37 Advertisements Column 3
      622 37 H* PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S'PORE, INDONESIA, MALAYSIA t THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INQOWSIA SERVICE VSL VOY SIN JKT PAJ SIN PUL
      622 words
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      Page 37 Advertisements Column 4
      532 37 BAY OF BENGAL SERVICES »tmn m w HI ta in EAGLE SEA VOH In Pt 27/1 IZVESTIA 01SIS0 SID 21/1 SUSAK OSN 22/1 20/1 LEUVE 0117 22/1 20/1 TIGER RIVER BCNB 22/1 20/1 VERMILION BAY 10 22/1 5/2 PAITHOON 32W 20/1 0/2 ILOVIK *N 27/1 J/2 I YAMOURENKO 02SI00 27/1
      532 words
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      Page 37 Advertisements Column 5
      227 37 TO AUSTRALIA/NEW ZEALAND urrmtmn tm~~w ~m "55 55 nrr cxms w "55 5 "55 "55 55 55 L NUOKW "w "55 "55 w v* Mussa m T5« "55 55 i 5 5 Alto accepting cargo to:AUSTRALIA AMaMa. ftrttana NEW ZEALAND Wailtogto*. Naptor. ChrttoctMrch TO USA/CANADA VS. tmmn N Ohmm Ckartntai
      227 words
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      Page 38 Advertisements Column 1
      1135 38 F«*r tram fvlj PNC PKL 55* Vmml [voj SIN |UU |OAK |HOU IOAL |CHI/ |NOR IMEM |NYC l_ coc 'SERVICE CALL* BUNGA BUTANG Vtll -W_ ALLIGATOR VICTORY V.t2M 2*l I*7 12/2 13(1 W I*2 M/ 2 I*2 I*2 2? BUNGA BUTANC V (20 2*l ALLIGATOR MOPE V3O2M 2*l 17/7 I*2
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  • Page 38 Miscellaneous
    • Miscellaneous
      Page 38 Miscellaneous Column 1
      147 38 100 i TOE 1206 y SIGNIFICANT WEATHER AND SEA CONDITIONS AT 0730 HOURS ON JAN 18,1990. LEGEND R Thunderstorm Temperature «> c X\ V Shower Weather -V Wind direction with speed in knots Rai \AJ Cloudy Sky W VC Surfoce winds ore indicoted by arrows which fly with the wind
      147 words