The Business Times, 6 February 1990

Microfilm: NL16947
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 170/12/89 TUESDAY, FEBRUARY 6, 1990 75 CENTS
    11 words
  • FINANCIAL MARKETS SUMMARY
    • Article
      Lock icon Dow lower
      33 1 AFP BLUE CHIP stocks opened lower on Wall Street yesterday, with the Dow Jones index of 30 leading industrials off 2.03 points at 2,600.67 points just after the opening bell. AFP
      AFP  -  33 words
    • Article
      Lock icon Footsie lower
      40 1 AP LONDON shares dipped slightly in thin trading yesterday morning. At about 12.15 pm (1215 GMT), the FT-SE 100-share index was 5.2 points, or 0.2 per cent, lower at 2.349.9. but above a morning low of 2,346.7 points.
      AP  -  40 words
    • Article
      Stock indices
      43 1 ST Industrials Index 176.23 27.10) BT-MGA Index 812.20 8.97) NST Industrial Index 3,026.26 69.11 HK Hang Seng Index 20.12) Tokyo Nikkei Average 37,631.41 (-18.74 Sydney All-Ordlnarles 1,667J (-0.4 Mdoy New York (Dow Jones) 2,602.70( 16.44 London (FT 30 Index) 1,866.4( 0.4
      43 words
    • Article
      Exchange rates
      13 1 US): 145.50y«0 1.***** M S$ 1.8660 it U551.6900 Ms: S $0.6909
      13 words
    • Article
      Simex
      17 1 Euro-$ (Mor) 91.62 DM (Mor) 0-5965 Y«n (Mor) 0.*****3 Pound (Mor) 1.6800 Nfckoi Index (Mor) 37,900
      17 words
    • Article
      Gold prices
      12 1 S'poro (buyer's quota) U*****.50 1.50 London (Aftomoon Fix U*****.75( 1.40
      12 words
    • Article
      Rubber
      10 1 S'por* February 162.50 owitsAo (-1.25 M'sia February 230.00Mct*/kg (-1.00
      10 words
    • Article
      KL Tin
      8 1 16.68 Ms/kg (unch Turnover: 64 16
      8 words
    • Article
      CPO futures
      14 1 Tumow«n 412 lort(-76 F«b M5674/tom« (-4 Mar Ms6B9/tam« (-3 Apr Ms69o/tonn* (-6
      14 words
    • Article
      Prime lending rate
      10 1 6.39 (aw*rog* of 12 mo|or banks' PUts)
      10 words
    • Article
      Money market
      29 1 THE overnight rate on the Singapore money market was down 4 3/16 points at 3/16 per cent yesterday. Short-term rates fell by one point across the board.
      29 words
  • Article, Illustration
    Local market hits all-time high
    390 1  -  Record turnover three trading days in a row By LIM MUI KHI THE Singapore stockmarket surged to an all-time high yesterday on its third consecutive record turnover of 242 million shares, in spite of computer problems which interrupted trading for part of the day. When
    390 words
  • Article, Illustration
    Apollo to make one-for-one rights issue of 34.2 million shares
    535 1  -  By ABDUL HADHI APOLLO ENTERPRISES Ltd, which is caught in the tussle for control by the competing Hong Leong and Samta groups, is to make s one-for-one rights issue of 34.2 million shares at sn issue price of $1.85. The
    535 words
  • Article
    Lock icon KL plantation workers return to work
    136 1 Reuter MOST OF Malaysia's 65.000 plantation workers returned to work yesterday after their dispute with owners over demands for a monthly wage was referred to an industrial court. "Most of the workers have gone back to work. Some are still on strike, but they
    Reuter  -  136 words
  • Article
    Computer failure nothing to do with the bull
    318 1 THE COMPUTER SYSTEM which links broking firms to the Stock Exchange of Singapore (SES) malfunctioned yesterday, leaving many stockbrokers unable to trade for most of the morning and early afternoon. Although the SES said a breakdown in the airconditioning system was the
    318 words
  • Article
    Lock icon Thai privatisation issue comes under scrutiny
    380 1 Reuter A DAMAGING strike by 5.800 port workers last week turned Bangkok port into the main battleground over the issue of privatisation in Thailand. Port workers staged their third walk-out since August, challenging a government decision to allow private firms to operate at least
    Reuter  -  380 words
  • Article
    Lock icon Seoul to liberalise currency on March 2
    258 1 Reuter SOUTH KOREA will take its first significant step towards liberalising the domestic currency on March 2 by ending the daily central bank fixing of the exchange rate. The South Korean Finance Ministry said the controlled float system would be replaced by the
    Reuter  -  258 words
  • Article
    West Europe cannot ignore Asia-Pacific's economic potential: PM
    621 1  -  By KENNETH JAMES WEST EUROPEAN countries should not commit such huge resources to Eastern Europe that they become unable to compete with Japan and the US in the burgeoning Asia-Pacific region. Prime Minister Lee Kuan Yew told a distinguished international gathering in
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      58 1 Nikon The World's Finest Photographic System. I mc&i .ISks f nnii j>"'iir" iM^jßl >:: IPliw IJRNihApMiH^H^H|MQ^^^^^^^^B "h<hnkaHy Superior fro/f PrWvcfs" Fully conforms to MA and USGA rulings Bridgestone, one of the world's largest golf ball manufacturers with more than 50 years experience, introduces PRECEPT, the New Distance Ball. MAXIMUM DISTANCE
      58 words
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      Page 1 Advertisements Column 2
      266 1 WHY DO SONY and Kodak think Singapore tops? Whither the shiprepair industry? How can cement and steel costs be kept to a minimum? /-t-w What is Singapore's scope as a cargo hub? Find out in BT's special supplement on Singaport '90 tomorrow. Read, too, about the swingers in shipping, and
      266 words
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      Page 1 Advertisements Column 3
      28 1 Full report, PAGE 14 Regional mkts, PAGE 16 brother Laser Printer HL-8e A Second Generation Letter Quality and Graphics Laser Printer ffos- Plotter 1 f m J J
      28 words
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      Page 1 Advertisements Column 4
      26 1 Nikon The World s Finest Photographic System. Leader, and more ■lories, PAGE US should extend 'open skies' offer, BACK PAQE Investment shift worries Americans, PAQE t
      26 words
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  • HOME NEWS
    • Article
      Mobil draws up plan for group's activities in region
      506 2  -  More plant and machinery, service stations By LILIAN ANG ENCOURAGED BY the stable economic growth of Asia-Pacific countries, oil major Mobil has mapped out a comprehensive plan for the development of the group's activities in the region. The plan covers proposals
      506 words
    • Article, Illustration
      Norwegian engineering group to use Singapore as base for Far East
      414 2  -  By RAHITA ELIAS NORWEGIAN engineering giant Kvaerner Group, which yesterday launched its $18 million Singapore factory, will be using the Republic as its "bridge head'' to the Far East. Svein Hjartholm, Kvaerner Singapore's managing director, told BT: "We are
      414 words
    • Article, Illustration
      Thomas Khoo appointed to Reed's board of directors
      337 2  -  By WALTON MORAIS IN A MOVE to strengthen its globalisation effort, Reed Exhibition Companies, the world's largest privately-owned exhibition organiser, has appointed Interfama chairman Thomas Khoo to the board of directors of its Asia-Pacific division. Mr Khoo is the first Singaporean. and
      337 words
    • Article
      Laminates maker Nelco to boost capacity by 33pc
      364 2  -  By JAYARAM MENON DESPITE FORECASTS of lower growth in the electronics industry. laminates maker Nelco is investing $2.6 million to increase its production capacity. "We are installing more machinery to increase our production capacity by 33 per cent," the company's managing director,
      364 words
    • Article
      Business advantage for US lies in South-east Asia: Orr
      489 2  -  By MALINI TAMBYAH THE HIGHER dollar value of America's trade with Asia over that with Europe is an indication of the economic importance Asis holds for the US. US Ambassador to Singapors Robert Orr said at a luncheon talk to the
      489 words
    • Article
      Ming Village up for sale
      374 2 MING VILLAGE in Jurong, touted as the world's Isrgest pottery centre, is up for sale by tender in spits of enjoying s doubling of profits over the psst three years.. According to sourcss, its owners, Chinees Pottsry Arts and Handicraft Ptd Ltd and Fine Porcelain
      374 words
    • Article
      Seminar on retrofitting will enable sector to work out strategies
      278 2 A SEMINAR on retrofitting will be held later this month to provide insights into s sector which hss seen demand grow by 30 per cent e year over the peet two yeers. RETROFit 90. orgsnised by the Construction Industry Development
      278 words
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      Page 2 Advertisements Column 1
      93 2 I ---------------I is the word! I Astounding ancient monuments and great philosophers attest to the I magnificence of Greek culture. Not least of which is their culinary vVxfl l|| arte. Make fascinating discoveries Kibbi, Yalantzi Dolmathes, V 5f Moussaka and over 60 Grecian gastronomic delights at The I Belvedere. Greece
      93 words
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      Page 2 Advertisements Column 2
      5 2 On target, chartpoint every Saturday
      5 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      155 2 Global temperatures and weather forecest for Feb 6 Cltv Max/ Note oun.oo* vur, areas In Sw morning ••port for 24 hewn prior Abordoon 06/04 dowdy *o7 30pr 5o» AwNfdow 07/04 Sunny Alhom 16/05 Sunny Auckland 26/16 Pair Mn 24 J ftangkok 35/24 Fair A—e hwnMMy S4 BoVng uooy Mrs af
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  • REGIONAL BUSINESS & POLITICS
    • Article
      Manila begins to feel impact of perestroika
      364 3  -  •y AL O LABITA Jr THE SOVIET UNION'S trade ties with other nations, including the Philippines, are perking up. thanks to perestroika. Soviet officials in Manila say thousands of business enterprises have mushroomed in the Soviet Union, largely spurred on by reformist measures,
      364 words
    • Article
      Lock icon EC set for clash over Japanese car quotas
      184 3 AFP FRANCE is set to clash with several of its EC partners over Japanese penetration of the European motor market as ministers prepare to discuss the issue at a meeting which opened in Brussels yesterday. Paris, is likely to be supported by
      AFP  -  184 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      960 3 ARRIVALS Operator Sorvico Local From nwmbor timo gu GA960 1100 CGK tBA ***** 1100 8WN su SQI05 1105 KUL TtY MI315 1120 KUA QFA QF072 1135 8KK GU GA940 1150 MES THA TG403 1155 IKK GU GA900 1210 PKU SU SQ069 1210 BKK THA TG407 1225 BKK/HDY
      960 words
    • Article
      Lock icon Tokyo wants closer Middle East ties, says Miti oil chief
      220 3 Reuter THE MAJOR TENET of Japanese oil policy in the 1990s will be to establish close economic links with Middle East oil producers, the man who makes that policy told Reuters in an interview "We have been serious about cementing
      Reuter  -  220 words
    • Article
      Lock icon Sarawak trade surplus up 26pc in first 11 months of '89
      482 3 Japan remains biggest overseas market Bernama SARAWAK recorded a trade surplus of M 53.952 million for the first 11 months of last year, up MsBl7 million or 26 per cent over the same period of 1988, the Statistics Department
      Bernama  -  482 words
    • Article
      Lock icon Bangkok seeks to ease tension with Riyadh
      258 3 AFP BANGKOK is ready to negotiate with Riyadh over its ban on issuing visas to Thais wishing to work in Saudi Arabia, state-run television quoted Thai Prime Minister Chatichai Choonhavan as saying on Sunday. Mr Chatichai said the Thai government would seek to
      AFP  -  258 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      60 3 1 T TJF Tl* business person's choicc every Tuesday, 11. IJI f %1 3 Thursday, Saturday and Sunday. LeayingChanni I\l 111/ 1 I|\ |V Airport at 21:55 hours and arriving at La V V JL X \JL Guardia or Newark International Airports the Call your travel agent or Air Canada
      60 words
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      Page 3 Advertisements Column 2
      178 3 "•"sacaaggMMMMMM—■■■—ai kAA2 lU V now and February 28, HP's best- of toner in the middle of a big job. The LaserJet family, take advantage of this selling printer comes with the bonus of a HP LaserJet Series II is the world s most chance to get the printer you've always
      178 words
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  • WORLD BUSINESS & POLITICS
    • Article, Illustration
      Lock icon South Africa unlikely to reap any immediate economic gains
      620 4 NYT EXECUTIVES and the anti-apart-heid protesters who are pushing them to sever economic ties with South Africa applauded the news last week that President F W De Klerk of South Africa will free Nelson Mandela and legalise the .".African National Congress
      NYT  -  620 words
    • Article
      Lock icon ANC remains committed to nationalisation
      279 4 Reuter THE African National Congress (ANC) remains committed to nationalisation, although it will negotiate with big businesses in South Africa, its secretarygeneral says. "The nationalisation of key elements is necessary to get the resources for the democratic government to carry out its programmes."' Alfred Nzo
      Reuter  -  279 words
    • Article
      Lock icon Mandela raises stakes in release talks
      283 4 Reuter NELSON MANDELA has raised the stakes in his political gamble with Pretoria, risking his early release from jail in a bid to force an end to South Africa's three-year-old state of emergency. Mr Mandela's wife. Winnie, on Sunday said that the African National
      Reuter  -  283 words
    • Article
      Lock icon Argentina to seek 'pardon' from IMF
      436 4 AFP ARGENTINE Preaident Carlos Manam will seek a "political pardon" from the Intarnational Monetary Fund (IMF) to •void loaing US$23O million of IMF credit according to government sources on Sunday. Argentina stands to loae US$23O million of a total US$l.4 billion sum in credit
      AFP  -  436 words
    • Article
      Canada to continue agriculture subsidies
      464 5  -  By PAUL GOPAL '-CANADA has declared It will 1 continue subsidies for its farm--1 ers in reaction to Washington's 1 proposed 60 per cent increase in export subsidies. Canadian Agriculture Minister Don~M&zankowski said Ottawa i does not want to escalate*; the subsidies war, "but we
      464 words
    • Article
      Lock icon Eastern Europe set for hyperinflation
      170 5 Reuter MOTNIHNSrcr roC*l currencies printed to pey for development ere driving Eestern Europe tohyperinfletion thet|dpul<t threaten democratic refornM-aey leading economists who rrof InJerusalem recently. Yugoelevie is al ready in the •fit upper, reaches, gripped last year -mob* a* inflation rate of 2.500 per aefcent. fegland
      Reuter  -  170 words
    • Article
      Lock icon CIA accused of role in thrifts fraud
      262 5 Reuter THE US intelligence service msy hsve contributed to frsudulent activities thst led to the failure of at least 22 savings and loans institutions in the US. according to the Houston Post on Sunday The Post said court and law enforcement records snd
      Reuter  -  262 words
    • Article, Illustration
      Lock icon Fed could pose trouble for Bush deficit reduction plan
      656 5 Interest rates unlikely to fall much: forecast AP. Reuter PRESIDENT George Bush's ambitious goal of slaahing tha fadaral deficit in half next year could well be thwarted by a central bank intent on keeping inflation under control, many private economists believe.
      AP.; Reuter  -  656 words
    • Article
      Lock icon Families battle over blue jeans fortune
      515 5 AP THE FEUDING of two familiee over millions in profit* from one of America's 1 hottest blue jMn compsniss has the elements of a TV soap opera. The Marcianoa versus the Nakashaa. which want into Round 2 in court yeeterday. is the tala of
      AP  -  515 words
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      Page 4 Advertisements Column 1
      645 4 GOOD IDEAS KEEP COMING UP 4 Unlimited applications to suit every need. wigs agmj I I sharp a ta-TWA f~ ™n r "™i r I VHB i i i :_i i 1 More IC cards on the way. With more IC cards coming up, the PC Link (IQ-792A): Links IQ-7000/
      645 words
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      Page 4 Advertisements Column 2
      96 4 BEETHOVEN MUSfC HOUSE Beethoven Music House, a well established music retailer in Singapore's for sale. L Located in one of prestigious shopping centres, Centrepoirit, Beethoven Music Ej House occupies 1,033 sqjtand carries tilt well-earned reputation for die widest range of compact discs available. This is a very special property, requiring
      96 words
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      68 5 Doonesbury by garry trudeau FACT I ITS GOT ZV&&THIN6TO DOUXTH LET ME 66J THfS STRAIGHT ''ifftAeustM TmsecT *> heard itonmarks not having sex because some th going ttTTNGBUSUX TDDoSm J MMOSHOUI. TUB ONLY MAWS? IDIOT ON THE RAPtO SAIP THAT MIKE.IVSA FOR A 90HJL EvewfiM rr*y A peons our aeehhosm
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  • PERSPECTIVE
    • Article
      Home truths of business
      436 6 PRIME MINISTER Lee Kuan Yew spoke with characteristic directness when he commented on the relative strengths of Pacific Rim and East European economies at Davos yesterday. In the past few months, newspaper pages around the world have been overwhelmed by political developments in East Europe. This
      436 words
    • Article, Illustration
      An Asian bonanza not to be missed
      1388 6  -  The world has changed following the political tumult in Eastern Europe. Yet, in the new configuration of political and economic relations, there need be no losers, the Prime Minister postulated in his keynote speech in Davos, Switzerland, at the World Economic Forum. In
      1,388 words
    • Article, Illustration
      Lock icon Chips — a mobile, global commodity in the making
      876 6 Chips a mobile, global commodity in the making FT MORE EVEN THAN OIL or wheat, the lowly microchip will be the most vital of commodities in the *****, crucial to practically every piece of equipment at work, on the road, in the air and at home. Since Japanese firms make
      FT  -  876 words
    • Article
      Singapore's success story with MNCs
      337 6 MR LEE KUAN YEW cited the experience of Singapore, which he said had been a catalyst for change in the region. "We were a test laboratory." he commented. In the 1970e and 190Oe. when most of its neighbour* were practising import substitution, the Republic had
      337 words
    • Article, Illustration
      Lock icon Between the devil and the deep blue sea
      839 8  -  Japan is likely to find itself on the horns of a post-election dilemma; The LDP will neither be strong enough to push through controversial reforms, nor so weak that it will be scared into abandoning its traditional sources of support. RICH MILLER
      Reuter  -  839 words
    • REGIONAL VIEWPOINTS
      • Article
        The two Germanys
        253 8 Our weekly summary of what regional publications have to say about Issues of International Interest MALAYSIA THE POSSIBLE REUNIFICATION of East and West Germany in the foreseeable future will undoubtedly have the most profound impact on the outside world, which is watching the historic and inexorable flow
        253 words
      • Article
        US defence budget
        298 8 JAPAN FIRST, we welcome the US military authorities' awareness that the military confronta- tion between East and West is markedly on the downswing. From the Bush Administration's proposal for a real 2.6 per cent cut in defence spending, we discern that it is poised to depart from
        298 words
      • Article
        HK's cable TV
        263 8 HONGKONG THE GOVERNMENT had the public interest in mind when it decreed through the Television Ordinance that mass entertainment through that medium had to be predominantly controlled and operated by local concerns. It does not make sense in practical terms, however, to apply the same restriction to
        263 words
    • Article
      Lock icon Investment shift worries Americans
      637 8 AP INVESTORS from Japan, the largest single source of foreign capital to the US. are shifting their sights to attractive European markets, mainly booming West Germany, which is emerging as the most powerful economic force reshaping Eastern Europe. The thought that wealthy Japanese investors may be
      AP  -  637 words
    • Article, Illustration
      Lock icon Where can all the soldiers go?
      924 8 AFTER THE 'EVIL EMPIRE AP CHANGES in the East bloc have opened a new path for US defences. but it remains unclear where it will lead military chiefs and soldiers, weapon makers, political leaders and taxpayers. "A revolution in military affairs could be in
      AP  -  924 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      66 6 SAFE BUILDING FOR SALE EN-BLOC /y|| OUTRAU ROAD OUTRAM ROAD ~~J T it m m. 9-storey showroom and high occupancy office building with 26 car parking lots including 6 l" st outslde CBD covered lots. low property tax rate at only 1992.79 sm of nett lettable 12% P a area
      66 words
  • Page 6 Miscellaneous
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      574 7 JL The stage is set for the golfing event of the year. THE DUNHILL CUP 1990 WORLD QUALIFYING TOURNAMENT THE EVENT THE PLAYERS The curtain is about to on the Dunhill Cup Eich country is represented by players that are all Played over the Old Course at St. Andrews, Scotland.
      574 words
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      90 8 could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and jL issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business Times,
      90 words
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      Page 9 Advertisements Column 1
      221 9 OUR ENGINEERS CAN i ALWAYS COMEUPWITH THE PRODUCT SPECS ON TIME. t*£ m "^w I B i VJK I L mi] If L KB V jb.m •^jMppy Hrifl B M pr F 4 8L Pl V BJ F II BL i j t .«jF> J© T* T T»n nr />
      221 words
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  • COMPANIES & MARKETS
    • Article
      EMS acquires Malaysian plastic company for M$5m
      430 10  -  EPS will be enhanced with the acquisition By WILLIAM CHIA ELECTRO Magnetic (S) Ltd, which recently tied up with the Indonesian Raja Garuda Mas (RGM) group to facilitate its expansion plans, is acquiring a majority stake in a Malaysian plastics manufacturer. EMS said
      430 words
    • Article, Illustration
      QAF buys over trademarks for Gardenia bread
      375 10  -  by WILLIAM CHIA THE MANAGEMENT of QAF Ltd is carrying out a series of restructuring moves to acquire the trademarks for its bread products and sever all remaining links with Mr Roland Goh, its former deputy group managing director. QAF is buying over
      375 words
    • Article, Illustration
      Bonvests buys stakes in two Cambert units
      361 10  -  By ANDREA BORCH DIVERSIFIED Bonvests Holdings Ltd has agreed to buy 75 per cent of Cambert (FE) Pte Ltd (CFEPL) for $2.12 million and 45 per cent of Cambert (M) Sdn Bhd (CMSB) for $654,659. Both are health food distributors. From shareholders of
      361 words
    • Article
      Shangri-La to acquire 5pc of Philippine firm
      158 10 SHANGRI-LA HOTEL Ltd will take up a 5 per cent equity stake amounting to roughly US$l.l5 million in the Mactan Shangri-La Hotel Resort Inc, a Philippine corporation. In an announcement released yesterday. Shangri-La said the Mactan Shangri-La was incorporated to develop an eight-storey
      158 words
    • Article
      Lock icon MBf group spreads its marketing wings
      299 10 NST THE MBf group, in a bid to market Malaysia overseas, is beefing up its Singapore property services subsidiary and setting up two representative offices in Taiwan and Hongkong. The group is also expected to go into property developing through its wholly-owned subsidiary MBf
      NST  -  299 words
    • Article, Illustration
      Lock icon Lien Hoe on way to firmer footing
      374 10 NST LIEN HOE Corporation Bhd's shareholders have approved a proposed capital reconstruction scheme and the proposed acquisition of two prime pieces of property in Johor Baru. thus paving the way for the company to acquire a firm financial footing. Chairman Tow Kong Liang
      NST  -  374 words
    • TAKING STOCK...
      • Article
        Lock icon Trustee stock status for SIA 200?
        380 10 HOCK LIEW SIEW IS A COUNTER that is traded in lots of 200 shares worth any less than one which is traded in the standard lot of 1,000? Hardly. Still, SIA 200 continues to be deprived of trustee stock status although investors who purchase
        HOCK LIEW SIEW  -  380 words
    • Article, Illustration
      Dai Nippon increases stake in Tien Wah Press to 85pc
      341 10 DAI NIPPON Printing Company Ltd of Japan has purchased an additional 53.84 per cent stake in Tien Wah Press (Pte) Ltd. increasing its stake to 84.6 per cent. According to a wire report, Dai Nippon bought the additional shares from
      341 words
    • Article
      UOB raises capital of Canadian operations
      191 10 UNITED OVERSEAS BANK (UOB) has injected fresh capital into its Canadian operations to finance its expansion. The paid-up capital of its wholly-owned subsidiary, United Overseas Bank (Canada), has been raised from Cs6 million to Csls million through an issue of nine million Csl shares
      191 words
    • Article
      Lock icon Everpeace expects to post profits
      230 10 Bernama FINANCIALLY-TROUBLED Everpeace Corporation Bhd (ECB) has forecast pre-tax profits of M 52.80 million and M 53.14 million for the years ending June 30. 1990 and June 30. 1991 after its proposed reconstruction scheme. The figures compare with projected losses of M 511.57 million and
      Bernama  -  230 words
    • Article
      COMPANY BRIEFS
      227 10 Y K PAO'B Wharf (Holdings) Ltd has reduced its stake in Hotel Marco Polo Ltd to 68.06 per cent from 69.39 per cent. On Feb 2. Wharf sold two million Marco Polo shares (or $4.52 million. Before the sale. Wharf held 105.83 million shares. Malayan Credit Ltd's substantial
      227 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      88 10 FOR SAL^B^TENDEI^ 32 Pandan Road, Singapore "Known as Ming Village" Premises with showroom, plant, machinery, equipment and facilities for the manufacture and sale of porcelain, pottery, handicraft works etc. together wtih existing stocks, raw materials etc. Leasehold from Jurong Town Corporation for 30 years 30 years w.e.f. Ist July 1981
      88 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon Unlikely US bank profits will recover to 1988 record level
      632 11 NYT ALTHOUGH US bank profits are expected to improve in 1990 from the depressed level of last year, bankers and analysts see little chance that they will rebound to ate record level of 1988. The US banking industry began the
      NYT  -  632 words
    • Article
      Of Salvage, Storm and Standing Charges
      624 11  -  by PAUL FRANKLAND I CAN see light at the end of our insurance alphabet tunnel now. as we approach the end. so I'm pushing on with yet another letter. "S". Salvage: This means about the same as it does in ordinary layman's language to
      624 words
    • Article, Illustration
      Bank will play pivotal role in information technology
      487 11  -  Automated pooling system in the offing By DEXTER LEE BANKS will become information integrators for their corporate clients in the *****, said Richard Griffith, the visiting executive vice-president of Bank of America, last night. Mr Griffith, who was sharing his thoughts on
      487 words
    • Article
      Lock icon UOB insurance scheme offered in Malaysia
      162 11 Bernama THE Malaysian branches of tha Unitad Overseas Bank (UOB) group and Hong Leong Assurance Sdn Bhd are offering UOB customers a personal accident insurance scheme providing worldwide. 24-hour protection. They said in a joint statement that the UOB Trans-globe cover scheme, available to
      Bernama  -  162 words
    • Article, Illustration
      Lock icon Bank of England chief wants more free hand on monetary policy Bank of England chief wants more free hand on monetary policy
      391 11 Reuter THE BANK of England rather than politiciane should hava control of monetary policy and interest rates. Robin Leigh-Pemberton, Bank of England governor told 77»e Independent newspaper on
      Reuter  -  391 words
    • Article
      Lock icon US insurers blacklist small businesses and professions
      416 11 NYT IN AN EFFORT to avoid losses, many US insurance carriers have quietly blacklisted dozens of types of small businesses and professions. A wide variety of occupations. from bartender and gas station attendant to oil driller and dentist, have been declared ineligible for
      NYT  -  416 words
    • Article
      Lock icon Mitsui agrees to guarantee US Exim Bank's China loan
      326 11 Reuter MITSUI and Co has agreed to guarantee a loan to China from the US Export-Import Bank, a company spokesman said. The loan, said to be US$ll.5 million, would be the first by a Western government agency to China since a
      Reuter  -  326 words
    • Article
      Lock icon Commonwealth Bank cuts reference rates
      102 11 Reuter THE Commonwealth Banking Corp will cut its loan reference rate to 19.75 per cent from 20.5 per cent, effective today. According to a spokesman yesterday, the bank's overdraft reference rate, which was reduced from 20.5 per cent to 20 per cent on Jan 23.
      Reuter  -  102 words
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      121 11 FOR SALE by I I N O I t UNION INDUSTRIAL BUILDING 37 JALAN PEMIMPIN, SINGAPORE PRIME FREEHOLD INDUSTRIAL BUILDING Tender Closing Date: 27 March 1990 7-storey flatted factory building complex with opprox. gross floor area 23,186 sq m (249,574 sq ft) V Freehold site area of 7,233.8 sq m
      121 words
  • Page 11 Miscellaneous
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Tiffe likely to introduce Euroyen futures options
      165 12 Reuter THE Tokyo International Financial Futures Exchange (Tiffe) is likely to start listing options contracts based on existing three-month Euroyen futures contracts some time next year. Banking sources say that Tiffe will decide, unofficially, on the listing at an operational committee meeting on
      Reuter  -  165 words
    • Article
      Lock icon West Germany needs more financial instruments, says leading banker
      315 12 Reuter MORE financial instruments are needed in West Germany, where trade on a futures and options exchange is just starting, a leading banker said. Rolf Breuer, supervisory board head of the country's new futures and options exchange, said in Sunday's tVe/f
      Reuter  -  315 words
    • Article
      Forex markets
      1330 12 SINGAPORE: THE US dollar ended mixed yeeterday. steady against the yen and lower against European currencies, after cautious trading, dealers said. Cross trade dominated activity with early profit-tak-ing on mark/yen crosses pushing the dollar up against the mark. But it fell back later on buying of mark for
      1,330 words
    • Article
      Foreign Exchange
      180 12 Rates as at 3pm yesterday: Curr**- crow eh*«ee ctwi®w irta*U MO <WH« f-V Local dollars to on« unit of foreign currency: Australian dollar 1.4336 1.4363 3.4286 58.19 1.4240 1.4440 fmnl i.n- ***** 1.5731 3.4206 -54.07 I.5580 1 ConodtondoUor J 1.0960 1.1460 V!527 3,563 ***** -57.09 3.1380 3.1580 1
      180 words
    • Article
      Lock icon Asian dollar market
      277 12 Reuter ASIAN dollar deposit rates finished unchanged from opening levels yesterday. little different from last Friday's close Trading was quiet. The market will be keeping a close watch on the response to this week's US Treasury quarterly refunding auction. "The results of the US Treasury auction is
      Reuter  -  277 words
    • Article
      Lock icon IMM
      245 12 Reuter A PICKUP in late activity parked up otherwise lifeless sfternoon trsding last Friday and left IMM currency futures at narrowly mixed levels. Trsders reported renewed outside selling of nearby Japanese yen Iste in the session, while short covering whittled losses in the Swiss frsnc and frssh retail buying
      Reuter  -  245 words
    • Article
      Lock icon Simex
      645 12 Reuter SIMEX Eurodollar futures closed easier on profit-tak-ing and liquidation in moderately active trading, dealers said. Traders were cautious awaiting this week's US treasury refunding auctions. March Eurodollar eased to 91.61 from Chicago's settlement of 91.62 and June to 91.54 from 91.55 Around 4,350 lots were traded. Euroyen futures
      Reuter  -  645 words
    • Article
      Money markets
      54 12 THE overnight rate on the Singapore money market was down 4 3/16 points at 3/16 per cent yesterday. Shortterm rates fell by one point across the board. S$ Interbank rates at ihe close yesterday: omi mo o„ 3/1* 1/16 I-MM*. 7 *3/4 M 6 1/1 S/t l-MOMK tl/l
      54 words
    • Article
      Government securities market
      100 12 Treasury bills Period Is so* Yostordoy's doting Day's cod* Maturity WO OFFEft HIGH LOW 3 months RQ*****W 03.05.90 2.13 2.06 3.05 2.12 6 month* 1 year BY*****Z 18.10.90 3.13 3.00 3.45 3.13 Government notes and bonds Period Issue Maturity Coupon Yesterday's doting Day's cod* rat* 110 OFFH
      100 words
    • Article, Illustration
      World interest rates
      150 12 •XlrliUkwrnHt lh* prim* tondbif ralM of 12 major bonks In t>oro Interbank marktt rates (offar/bld) on Fab 5 US$ DM SWFC Yflfi 7 ton »/U VU IS l/l* 14 IS/I* 7IVM-IVU *1/1-11/4 l/a I j/i4 s/i* is i/a IS 1/1* 7 is/u s/a l/a i/4 s/a a.*
      150 words
    • Article
      Options
      1097 12 CURRENCY FUTURES OPTIONS "J" I™ 5 .3 Monday Fabrvary 5 1990 430 140 140 1100 1SJ0 DfllTICHCIIAM IIMICn 440 0-50 170 1070 17.JO 70 X 2140 430 a 30 2.30 7JO 24-70 27JO 20.20 fat Mi 5700, TWr Mil 4.241 a*. <734 P«* m+1 Ln Sa« M* U* »4«
      1,097 words
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  • COMMODITIES
    • Article, Illustration
      KLCE to seek links with overseas exchanges
      559 13  -  Plan for non-commodity contracts in early 1990s By SD VERMAN THE CHIEF executive of the Kuala Lumpur Commodity Exchange (KLCE) said the exchange could seek linkages with overseas markets and launch new futures contracts based on currencies, stocks and interest rates. In an
      559 words
    • Article
      Lock icon Opec cuts January output to boost prices
      597 13 Reuter OPEC cut crude oil output in January from an eight-year high touched at the end of 1989 but not by very much, a Reuter monthly production survey showed. Wellhead output was estimated at 23.25 million barrels per day (bpd), compared with a
      Reuter  -  597 words
    • Article
      Lock icon Kabul set to resume gas exports to Soviet Union
      321 13 AFP AFGHANISTAN is set to resume exports of natural gas. its main foreign exchange earner, to the Soviet Union after a year's suspension due to fears that the Mujahedeen resistance would blow up the pipeline, a senior minister has said "Initial
      AFP  -  321 words
    • Article
      Lock icon Price outlook gloomy for rubber
      104 13 AFP CONSUMPTION ol both natural and synthetic rubber outstripped production last year, but the price outlook for 1990 is gloomy, the International Rubber Study Group said in London Consumption of natural rubber in 1969 rose by 3.6 per cent from the previous year to a
      AFP  -  104 words
    • Article
      Rubber
      359 13 SINGAPORE: RUBBER prices closed quietly easier yesterday with March 1 RSS buyer quoted at 162.50 cents a kg. down 1.25 cents from Friday's close Dealers said trading was quiet during the afternoon session on little interest On the TSR-20 Award market, prices were little changed from early levels in
      359 words
    • Article
      Lock icon KL Tin
      149 13 Reuter THE Kuala Lumpur Tin Market (KLTM) closed unchanged yesterday at 16.66 r i ogg it a kg after a brief trading session due to a lack of strong eupport Both buyers and sellers decided to clooe deals at yesterday's levels and final turnover eettled at 64 tonnes
      Reuter  -  149 words
    • Article
      Produce Prices
      120 13 Chinese Produce api fob nsw 190.00 Exchange AP2 fob nsw 140.00 Sellers' noon dosing pricct on K1 FOB NSW 155.00 February 5 (SS/100 kg) Robusto 20/25% Coconut oil FOB NSW 115.00 Bulk FOB 79.00 Nutmeg Old drum FOB 93.00 110 FOB NSW 992.00 New drum FOB 89.00 BWP
      120 words
    • Article
      Lock icon Palm Oil
      440 13 Bernama, Reuter MALAYSIAN CRUDE PALM OIL FUTURES: closed easier in sluggish and lacklustre trading on the Kuala Lumpur Commodity Exchange (KLCE) yesterday on absence of fresh factors Dealers said the lack of fresh leads saw most operators sidelined while fears of Rotterdam vegetable oil tanks nearing capacity also
      Bernama,; Reuter  -  440 words
    • Article
      RAS and MRELB
      335 13 RAS prices m s cmm«, fob in mm NOON CLOSE 8uy*rt S*M*rt ftuy*r* S«l»n tat 1 RSS Prompt 160.50 161.50N 160.50 161.50 lot 1 RSS Mor 90 162.50 163.00 162.50 163.00 tat 1 RSS Apr 164.00 164.50 164.00 164.50 ■nt 2 RSS OP 155.00 157.00N 155.00 157.00N
      335 words
    • Article
      Lock icon Precious Metals
      375 13 Reuter HONGKONG: Gold cloeed firmer in choppy trade yesterday. Bullion firmed to U*****.40/418.90 an ounce against New York's US$4lB.OO/50 close on Friday. "Bullion is likely to try the resistance at US$42O aa some traders had taken short positions last week." a dealer said. Dealers said current political changea
      Reuter  -  375 words
    • Article
      Lock icon Crude Oil and Products
      153 13 Telerate FUEL oil prices were littie changed in Singapore yesterday. Activity had been light over the past few days and it was beginning to look like it would stay that way. Players were bearish and cited a number in bound cargoes uncommitted as reason for their
      Telerate  -  153 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      108 13 s Singaport '90 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 prospects for Singapore as an international hub
      108 words
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  • SES
    • Article, Illustration
      Heavy buying boosts index and volume to record highs
      850 14  -  By LIM MUI KHI IN A DAY of interrupted but frenzied trading yesterday, eager investors drove share prices to record levels on unprecedented volume. Trading volume yesterday broke last Friday's record, reaching a feverish 242.01 million units valued at $451.16 million.
      850 words
    • Article
      MAIN BOARD
      240 14 Rises bwo-Poc TSR 94 70 +14.8% +9 S Fktonco 210 +13.5% +25 O C ft C Foreign 1200 +11.1% +120 S ft S 210 +11.1% +21 F N Wrt» 259 9.7% 23 Not Iron Wrt* 328 +8.6% +26 CowMwoy Wrt* 6014 +8.0% 4/4 KtppdCWrts 498 +7.8% +36 Somb
      240 words
    • Article
      CLOB INTERNATIONAL
      232 14 Rises M6f Hldgs SOi 114 +17.5% +17 Hcxza Corpn SOi 125 +16.8% +18 Mgipha tort SOi 77 +15 8% +10% Utn Hot 67 +12.6% +7% Molayawata 565 11.9% 60 S«l Dr*dg 501 88 +11.4% +9 YTl Corpn 50* 252 +11.0% +25 G lumber 280 +9.8% +25 kirfe Hyd
      232 words
  • SES SHARE INFORMATION
    • Article
      MAIN BOARD
      2930 14 Qr's Or' s W Last Vol Day Last Quels Dhr Dhf rid Nat M Cap v High Low Coda Company 8ala or- (*000) High Low Buyar Seller Cvr PflE SmH FEB 05 SECTION TWO INDUSTRIAL COMMERCIAL 200 150 S 1142 Alax Hldga 50c 166 88 1 |JJ g
      2,930 words
    • Article
      CLOB INTERNATIONAL
      2284 15 Or'a Qr'a 1909/00 Tal Last Vol Day Laat Quota Dh Dlv VM Nal M Cap High Low Coda Company Salo +or- ('000) High Low Buyar Sallar C'vr P/E Smll FEB 09 HONG KONG STOCKS 1000 980 1738 Cheung Kong 1000 750 71S 1341 HongkongBank 740 > 5 0
      2,284 words
    • Article
      SESDAQ
      278 15 179* 60* t 4000 Amtok Ena 20C 142 4 6 221 142 140 142 148 6 ON 6 6 06 IS O 120 7 150 70% 4006 Fuji OffMt 20* 116 +1 2476 119 112 116 IIS 100N 4 6 1.7 12.7 38 3 330 136 4001 GB Hldgs
      278 words
    • Article
      NASDAQ
      252 15 6000 ASK Computer 1975 1900 0001 Adolph Coors 1975 1900 2400 4837% 3475 0003 Apple Computer 3812% 3375 3475 0005 Charming S 0007 Cipher Date 0010 Deity Systems 900 0011 Oresdner Bank ***** ***** 5000 5000 0012 Ericsson Tel 5000 3960 2325 0013 Intel Corpn 3775 3075 3975 0014
      252 words
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  • KLSE
    • Article, Illustration
      Lock icon Record high prices, volume
      3271 15 MBT THE Kuala Lumpur stock market posted record higns in both share prices and turnover yesterday despite selected profit-taking in the last halt hour of trading. Like previous sessions, investors focused on speculative counters and situational issues Trading pace was hectic. Total turnover (excluding direct business)
      MBT  -  3,271 words
    • Article
      UNIT TRUSTS
      292 15 Monog«rs' prices Royal Trust Asset Mgt *or Feb 6 IT S'por* Gr Fund 109 1.115 IT Aim foe G' fund I 14 120 Singapore Unit Trust *-> rnmnn-ir i3i '36 OC B C Asset Mgt Th» Savings fund I 14 121 Sov«ri Capital fund 120 125 S'por* p
      292 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Prosecution of Chao Thai passed on to police
      238 16 Reuter A THAI GOVERNMENT ad hoc committee investigating suspended sub-broker Chao Thai Securities Co Ltd will ask police to prosecute the firm. Committee chairman Aran Thammano said last Friday that investigators from the Finance Ministry. the Bank of Thailand and the Securities
      Reuter  -  238 words
    • Article
      Lock icon Japanese firm denies debt-for-gold report
      246 16 Reuter A SPOKESMAN for a leading Japanese metal company denied a Brazilian newspaper report that a subsidiary plans to buy Brazil's foreign debt in exchange for mining rights over gold deposits in the Amazon. "It was absolutely untrue," the spokesman for Mitsubishi Metal Corp said
      Reuter  -  246 words
    • Article, Illustration
      Lock icon A wait-and-see day
      573 16 Tokyo Reuter TOKYO SHARES, plagued by inertia, barely budged throughout the day in scant trade and closed mixed yesterday. Investors mostly sought shelter on the sidelines in the light of slipping bond prices, a listless yen and political uncertainties at home and in the Soviet Union. "It
      Reuter  -  573 words
    • Article, Illustration
      Lock icon Slightly weaker
      515 16 Australia Reuter AUSTRALIA'S share market drifted in a narrow range yesterday to a slightly weaker close in the absence of solid leads from overseas. The All Ordinaries index fell 0.1 point to 1,667.5. Brokers said there was some residual demand for gold stocks, with some investors taking the
      Reuter  -  515 words
    • Article
      Lock icon Seoul: Higher in slow trade
      250 16 Reuter SEOUL stock* edged higher yesterday on a technical rebound in slow trade as institutions stayed on the sidelines. The composite stock index opened strongly, gaining over six points before afternoon selling brought it down to 877.45, up 2 53 points from Saturday. Volume was
      Reuter  -  250 words
    • Article
      Lock icon Taipei: Yet another high
      398 16 Reuter TAIWAN'S volatile stockmarket set another record high yesterday as it rose tor the 17th time out of 21 sessions so far this year. The weighted index gained 432.67 points, or 3.64 per cent, to 12.302.07. The index had fallen 348 38 points on Saturday. "I
      Reuter  -  398 words
    • Article
      Lock icon Jakarta: Jump in turnover
      104 16 Reuter PRICES ON the Jakarta stock exchange ended slightly tirmer with the index 3.11 points up to 449 22 yesterday, while turnover jumped to 1.62 million shares from 445.030 on Friday, the exchange said The Java Palletizing Factory (JAPFA) was the most traded at 508.200 shares
      Reuter  -  104 words
    • Article, Illustration
      Prices close firmer
      1131 16 Hongkong SHARE PRICES in Hongkong closed firmer on bargain hunting yesterday, particularly from local investors. brokers said. The Hang Seng index rose 20.12 points to 2.***** There's no other reason for the rise, it's just that the market seemed quite cheap after sustained selling last week." a
      1,131 words
    • Article
      Lock icon Bangkok: Lower in thin trade
      195 16 Reuter THAI STOCKS finished lower ecross the boerd yesterday in thin trade despite the ending of the Bangkok port strike at the weekend, brokers said. The official SET Index fell 9.64 points to close at 822.56. with losses outnumbering gains 95 to 24. Most active
      Reuter  -  195 words
    • Article
      Lock icon Manila: Slight gains
      115 16 Reuter PHILIPPINE shares firmed slightly yesterday with bargain-hunters lured by prices, lower after a week-long decline. The Manila Stock Exchange compoaite index closed 4.22 higher et 1.020.24. "It was a small rally." said Irving Ackerman. president of I Ackerman and Co Inc. "We can't say we had
      Reuter  -  115 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      603 16 NOTICES NOTICE NOTICE IS HEREBY GIVEN thai, I. Rene Teuscher of No 7500 A Beach Road *20-309 the Plaza Singapore 0719, have applied for a Public House, First Class (Extended) Tourist Hotel licence in respect of premises at M/s New Park Hotel (1989) Pte Ltd at 181 kitchener Road, Singapore
      603 words
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      Page 16 Advertisements Column 2
      614 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50, AND IN THE MATTER OF ARAWA BAY SHIPPING CO PTE LTD (In Members' Voluntary Liquidation) j NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, that the Final Meeting of the abovenamed Company will be held
      614 words
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      Page 16 Advertisements Column 3
      724 16 IN THE MATTER OF g THE COMPAHEB ACT. CAP SO AND M THE MATTER OF PLANWELL PTE LTD [MEMBERS' VOLUNTARY jf WVONQ-UP) n At an Extraordinary General Moat- n Ing of PLANWELL PTE LTD con- van*d and held M 9001 Baach c Road #07-ce Golden MHa Com- 0 piax Slngeporao7lBon3l
      724 words
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      Page 16 Advertisements Column 4
      199 16 Tha Naw Zealand and Bombay reports were not available. TOPLIS AND HARDING (S) PTE LTD NOTICE We wish to inform all our clients and business associates that Mr NEO LIAN SUN has resigned as MANAGING DIRECTOR of the Company and that his last day of service is Friday, 9th February
      199 words
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      Page 16 Advertisements Column 5
      143 16 DURSOLMMAPORE FT* LTD (IN VNL UQMMfIbM) NOTICE HENEBY MVM pursuant to Section 308(2) of the Compare** Act. Cap. 90 mt the Rnl General named Company ba heM at the otnoa* of Meeera Emat Your*, 10 Co»yor Quay *21-01. Ooaan Butt**. Singapore OlO* on March 1000 at 12.90 p.m. for tha
      143 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Roche's purchase of Genentech could be start of industry trend
      882 17 NYT THE AGREEMENT announced last Friday in which a large Swiss drug company will buy a majority stake in the biotechnology pioneer Genentech Inc could be the start of a wave of transactions in which large pharmaceutical companies will buy
      NYT  -  882 words
    • Article
      Lock icon Cement firm listing could signal more privatisation
      481 17 Reuter THE LIKELY listing in Jakarta of a state-owned Indonesian camant firm could harald a wave of privatisation including the raat of the camant sector, but this could saturate the market, brokers and analysts said yesterday. The Finance Ministry haa yet to grant
      Reuter  -  481 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      513 17 Reuter PARIS: French share prices slipped lower by mid-day yesterday in thin trading but the Eurodisrtey leisure park project rose after limits on US buying ware lifted. The CAC-40 index was down 3.94 points at 1,920.76 by about 1130 GMT after starting yesterday morning firmer at 1,935.66.
      Reuter  -  513 words
    • Article, Illustration
      Lock icon Tokyo investors spell relief for US Treasury bond market
      1049 17 Positive signs signal business as usual at auction IHT FEARS HAVE EASED on Wall Street that Japanese investors might provoke a criaia in Amarican financial markata this week by boycotting tha US Traaaury a sala of US$3O billion of naw securitiaa.
      IHT  -  1,049 words
    • Article
      Lock icon Mitsui reorganises European activities
      113 17 AFP MITSUI CO. Japan's second-ranking business, will reorganise its European activities under a Netherlands-based holding company controlling eight subsidiaries, a source close to the company said in Tokyo yesterday. The company, to be called Mitsui Co International Europe, should have a capitalisation of some 23 billion
      AFP  -  113 words
    • Article
      Lock icon Elders restructuring
      61 17 Reuter ELDERS IXL Ltd said yesterday that it is considering a restructuring of its businesses. The company said in a statement to the Australian Stock Exchange that it was planning to make a statement on the future strategy and the direction of its businesses "at the appropriate time".
      Reuter  -  61 words
    • Article
      Lock icon Turkish bank to offer bourse credits
      112 17 Reuter TURKEY'S private bank. Pamukbank AS. will offer investors bourse credits to finance purchases from Istanbul's stock exchange, the first credit of its kind in Turkey, the semi-official Anatolian News Agency says. As a guarantee, shares purchased with the bourse credit will be kept
      Reuter  -  112 words
    • Article
      Lock icon Tokyo firms deny Boeing tie-up report
      88 17 Reuter JAPAN'S three largest aerospace firms denied a report in the daily Nihon Keizai Shimbun that they will sign a letter of memorandum this month to jointly develop a 300-seat 777-model aircraft with Boeing Co. company spokesmen said in Tokyo yesterday. The three firms
      Reuter  -  88 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      113 17 Jr FOR IMPORTERS AND EXPORTERS. 't < SHIPPING TIMES covers all aspects ofu local and international shipping (except, of course, the really technical aspects). I The emphasis is on news that is likely to affect the Business Times reader. j Covering the latest trends in the shipping markets, we also
      113 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      1027 18 I: Where to entertain... Where toentertoin... Where to entertain... Where tp i Breathtaking Buffets. Add a little spice to your life! Rcxftn me sav ur i^e fl av ur °f yV >. Lanka at our buffet dinner specially prepared by Sri Lankan food Level 2 expert Felicia Sorensen. February 5-JRaTthe
      1,027 words
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      Page 18 Advertisements Column 2
      173 18 I Greece I is the word! I JU-M&gr- w 333 Octwrt Road. Snippoa* 0983 Td 737 4411 mrm m mm mmmm PcfUtta Wot). HK DianX^: Come and enjoy superb Cantonese J I Dion Xin, specially prepared by our m Hongkong Chef and served piping hot before you. J For a
      173 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      735 18 TU/\ K1 1 itnrnnl/nr SRH 12 705 Sh»'« W* Sheriff The Mother Meanwhile, love blossoms be- 845 Pentssßerwta Mn IMUtCrdLKcr OPU lL Muooer (Last ep.sode). tween Ymgq.ao and Xiao Si. IV PM Onenina Announcement and 730 Naw < M W 30 Tutfd, y Th New Chi- Gha2al Yunu an<l Abu
      735 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Wall Street tales top best seller list
      625 19  -  BOOKS By ELLEN FREILICH Reuter AFTER A DECADE of popular books like laccoca and Trump: The Art of the Deal that idolised business leaders as hard-driving heroes, the 1990s are opening with literary blockbusters painting a less flattering picture of the world of
      Reuter  -  625 words
    • Article
      Lock icon The Times crossword: an addiction turns 60
      633 19 HOBBIES AP IN 1924. The Times of London sniffed at a peculiar new craze sweeping America, "making devastating inroads on the working hours of every rank of society". r Within six years, the Times itself had fallen victim to the new addiction, and
      AP  -  633 words
    • Article
      Lock icon A tavern where customers get a tougher grilling than the steaks
      509 19 RESTAURANTS Reuter WALKING INTO Rome's La Parolaccia restaurant is lika taking a curtain call in a Broadway flop. Howl* of derision graat avary customer who squeezes through the narrow front door. By the time you sit down, you've probably
      Reuter  -  509 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      217 19 entertain.... I T S 1 A Prosperous Toss Of Good Luck "Yu Sheng". Now you can toss up all the good luck you want at Cafe-in-the-Park with the traditional Lunar New Year dish of "Yu Sheng" or Raw Fish. A delicious combination of finely-shredded carrots, radishes, ginger, other crisp vegetables
      217 words
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      Page 19 Advertisements Column 2
      197 19 Traditional Refined Sushi AOYAMA O-ZUSHI I y i"rdiin i la I Enjoy traditional refined Sushi in the cosy ambience of a wood-panelled Japanese Inn. Our chef s recommendations from the day's selection should not be missed! i I^l MC"l' 5 Havelock Road. Singapore 0316. IVr v- Tel: 733 0011 J
      197 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      581 19 CRYPTIC PUZZLE P|— P 8 She has some words 14 Hs p6 10 They're dropped and HTTBr® 11 Admirer all of a flutter? 12 Handle as an outing (5) 18 That due to some un- 33 22 Rests in the silliest of j|B3B IB 23 Study once more an advertisement
      581 words
    • Miscellaneous
      Page 19 Miscellaneous Column 2
      709 19 RADIO BBC Highlight Radio 5 Highlight Omnibus, I* Sam ic From 1015pm Ma us tells the story of a family of Polish From the 40th Bath Festival, we he a' Jews living under Hitler, and is written in Bach's Chromatic Fantasia arranged by the form of a comic strip in
      709 words
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  • SPORTS
    • Article, Illustration
      Myanmar, HK win
      525 20  -  GOLF By CHARLES SAVAGE MYANMAR and Hongkong made it through to the Dunhill World Qualifying Tournament yeeterday by beating India. Fiji Indonesia and Malaysia. Kya Hla Han led the Myanmar assault, carding a two under 69 and together with rookie pro Zwa Moe's 70 they left Hongkong
      525 words
    • Article
      Lock icon O'Meara wins Pebble Beach tournament
      202 20 AFP Xn EVEN-PAR final round 72 enabled defending champion Mark O'Meara to win the US$l million PGA tournament in Pebble Beach on Sunday the fifth victory of hia career. O'Meara. who also won this event in 1985, started the day holding a one-stroke lead. He
      AFP  -  202 words
    • Article
      Lock icon Jaguar dominates Daytona classic
      170 20 RALLY AFP JAQUAR outclassed rival Porsche and notched up a double triumph at the Daytona Beach 24 hours classic on Sunday when Davy Jones (USA), Jan Lammers (the Netherlands) and Andy Wallace (QB) brought home their XJR 12 ahead of team-mates Price Cobb (USA), Martin Brundle
      AFP  -  170 words
    • Article
      Awards for two Singaporeans in Dubai
      342 20  -  CHESS By DEXTER LEE TWO SINGAPOREANS were among those rewarded for outstanding individual performances at the recently concluded Aaian Cities Team Chess Championship in Dubai. Fidemaster Teo Kok Siong and national junior champion Hsu Li Yang of the Queenstown team, were presented with a
      342 words
    • Article, Illustration
      Lock icon Olympic champions fail to shine at Mobil Invitational
      682 20 ATHLETICS AP OLYMPIC CHAMPIONS had a tough time at the Mobil Invitational in Virginia on Sunday, with Roger Kingdom, Jackie JoynerKersee and Louise Ritter all suffering defeats. But if some stars did not perform as well as expected, others took up the
      AP  -  682 words
    • Article
      Lock icon New Zealand beats India by 10 wickets in first Test
      233 20 CRICKET AFP NEW ZEALAND won the first Test of its three-Test series against India by 10 wickets in Christchurch yesterday. Danny Morrison and Martin Sneddon opened New Zealand's second innings and scored a run in each of the two required
      AFP  -  233 words
    • Article, Illustration
      Lock icon Whitbread yachts on fourth leg
      343 20 YACHTING AP ALL TWENTY-THREE competing yachts set sail from Auckland on Sunday on tha fourth lag of tha grualling Whitbraad round-the-world raca. as thousands of peopla on plaasura craft bid tham farawall. An aatimatad 6.000 spactator boats ascortad tha racing flaat out of a carnivaHike
      AP  -  343 words
    • Article, Illustration
      Lock icon Sweden's hopes rest on Wilander
      649 20 TENNIS AP SWEDEN s seven-year run to tha Davis Cup final hinges on a single set and Mats Wilander. who has played the beat and worst tennis of his career in the past one-and-a-half years. Tha deciding singles bsttle between Wilander and Italy's Paolo Cane
      AP  -  649 words
    • Article
      Lock icon Pakistan slips further into trouble
      148 20 Reuter PAKISTAN slipped further into trouble in the third cricket Test •gainst Australia yesterday, losing two wickets and scoring only 40 runs in the session after lunch in Sydney. Pakistan was 60 for four wickets in its first innings at tea on the third day
      Reuter  -  148 words
    • Article
      Lock icon Philadelphia 76ers beat Milwaukee Bucks
      378 20 BASKETBALL AP DEREK SMITH converted a three-point play with 25 seconds left and Ron Anderson made four free throws in the closing seconds on Sunday as the Philadelphia 76ers held off the Milwsukee Bucks 105-102 for their 11th straight victory. The 76ers, on their longest
      AP  -  378 words
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  • TECHNOLOGY
    • Article, Illustration
      What makes the Russian Tetris so attractive
      564 21  -  (SQQOBS -By Jeffrey Tsang IT IS NOT a strategy game to the order of Chess. Neither does it have amazing graphics nor animation. It lacks any quixotic quest; in fact, it is totally lacking in any adventure. Yet. at the 1989 Software Publishers
      564 words
    • Article
      Lock icon Thomson aims to consolidate market position
      652 21 Reuter THOMSON SA ot France plana to build on a series of bold joint ventures and acquisitions to consolidate its place as Europe's leading defence electronics contractor and the world s biggest maker of television sets. Chairman Alain Gomez, who has headed Thomson since
      Reuter  -  652 words
    • Article
      Rodime offers faster SCSI for high performance disk drives
      305 21 SCOTTISH disk drive manufacturer Rodime has developed and started shipping a faster Small-Computer-System-Interface (SCSI) for its high performance series of 3!4-inch hard disk drives. "The Singapore plant will be introducing the SCSI together with its 210 MB range of products in
      305 words
    • Article, Illustration
      Tokyo printing group sets up company in Singapore
      448 21  -  Local subsidiary writes and prints technical manuals By JEFFREY TSANG JAPANESE printing group Yamagata has sat up a company in Singapore to write and print technical manuals to exploit the booming R D market. The local subsidiary. Printelligence. expects to chalk up
      448 words
    • Article
      Local makers eyeing partners at Cebit show
      277 21  -  By JAYARAM MENON SINGAPORE computer manufacturers at the Cebit international computer fair in West Germany next month will be keeping an eye out for joint-venture partners even as they unveil their latest offerings. With the recent developments in Europe fuelling fears of a
      277 words
    • Article, Illustration
      Lock icon Coil gun likely to cut costs of launching small satellites
      547 21 NYT A POWERFUL electric gun being tested in New Mexico could be scaled up in a few years to launch small satellites into orbit much more cheaply than is possible with conventional rockets, scientists at Sandia National Laboratories say. The
      NYT  -  547 words
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      115 21 FOR THE VIEWS OF HNMKUL EXPERTS I Changes in interest and exchange rates affect your business. BANKING FINANCE brings to you the views of experts in Singapore as well the other financial centres, from Hongkong and Tokyo to London and New York, on a sector which is getting more unpredictable
      115 words
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  • Article
    Lock icon Jakarta calls on Kuala Lumpur to resolve pending bilateral issues
    322 22 AFP INDONESIA, apparently still concerned about last month s execu-* tion of one of its citizens in Malaysia, urged Kuala Lumpur yesterday to resolve outstanding bilateral issues. Foreign Minister AM Alatas told a parliamentary hearing that although ties between the
    AFP  -  322 words
  • Article
    Lock icon Why China is reluctant to give freedom: Owen
    402 22 Reuter BRITISH POLITICIAN David Owen told an audience of Chinese officials in Beijing yesterday that it was understandable why senior leader Deng Xiaoping was reluctant to allow political freedom. In a speech to Foreign Ministry officials, Mr Owen said China had put
    Reuter  -  402 words
  • Article
    Lock icon Taiwan's trade with Russia booms
    227 22 AFP TRADE between Taiwan and the Soviet Union totalled U*****.34 million in 1989, up 311 per cent over the previous year, Taiwan's Board of Foreign Trade (Boft) said yesterday. The Soviet Union, the island's largest trading partner in Eastern Europe followed by Poland and East
    AFP  -  227 words
  • Article, Illustration
    US should extend 'open skies' offer to all: SIA chief
    355 22  -  Speech at World Economic Forum in Davos By SANGEETA MULCHAND THE RECENT "open skies" offer by the United States to three European countries should be made to any country that is interested. in the view of Singapore Airlines managing director
    355 words
  • Article, Illustration
    Lock icon More pressure needed for Mandela's release
    202 22 AP NELSON MANDELA is being kept in prison by the continuing state of emergency and other obstacles, his wife Winnie charged on Sunday, appealing for increased pressure on the South African government to free him. "Unfortunately, the obstacles that were in the way, which
    AP  -  202 words
  • Article
    Lock icon Hitachi is most diversified giant
    217 22 AFP A STUDY released in Tokyo yesterday found Hitachi Ltd to be Japan's most diversified conglomerate, with its 688 subsidiaries producing everything from chemicals to machine tools. Its subsidiaries include Hitachi Chemical Co. Hitachi Cable Ltd, Hitachi Metal Ltd. Hitachi Construction Machinery Co and Hitachi
    AFP  -  217 words
  • Article
    Lock icon French companies studying right of abode scheme for Hongkong employees
    398 22 AFP FRANCE is considering giving right of abode to about 1,200 key ethnic Chinese employees of French firms in Hongkong ahead of 1997, when Hongkong reverts to Chinese rule, according to French business sources. The plan was revealed in a
    AFP  -  398 words
  • Article
    Lock icon A grouping of investors
    102 22 AFP TAIWANESE investors in China have set up an unofficial organisation in Hongkong to exchange ideas and cooperation. Chinese trsde sources also said yesterday that the Taiwan-Hongkong Chamber of Commerce is to hold a reception in Hongkong on Thursday to mark its official opening. The founding
    AFP  -  102 words
  • Article
    Lock icon Japan overtakes US as top investor in Manila
    222 22 AFP JAPAN emerged as the top foreign investor in the Philippines in 1989. accounting for a fifth of all project proposals by overseas firms, officials said in Manila yesterday. The government s Board of Investments (BOI) said it approved US$3.2 billion in
    AFP  -  222 words
  • Article
    Lock icon Gorbachev issues ultimatum to party as key plenum opens
    502 22 AFP SOVIET LEAOER Mikhail Gorbachev had issued an ultimatum to the Communist Party, saying it "must reform or take a back seat" in politics, as a crucial central committee meeting opened in Moscow yesterday. "It is only now that true perestrotka
    AFP  -  502 words
  • Article, Illustration
    Lock icon Gorbachev's days are numbered, says Yeltsin
    292 22 Reuter BORIS YELTSIN, the radical former Politburo member, has said the Soviet people are fed up with Kremlin chief Mikhail Gorbachev and his days are numbered unless he looks for radical allies. In an interview published in Madrid yesterday as the Soviet Communist Party
    Reuter  -  292 words
  • Article
    Lock icon Yangtzekiang plans new factory
    93 22 Bernama GARMENT MAKER Yangtzekiang Berhad plans to build a new multi-storey factory in Johor to meet increasing demands in the overseas and domestic markets. Chairman Chan Sui Kaw said in Kuala Lumpur yesterday that the company had signed an agreement to purchase a 1.2hectare site for
    Bernama  -  93 words
  • LATE FILE
    • Article
      Lock icon Decision on big hotels
      50 22 Reuter THE CHINESE tourism authorities have decided not to •tart building any more largo hotels for the next tew years, the China Daily Mid yesterday. The newspaper added, howvir, that mora than 100 big hotels now under construction would be completed in 1900 and 1901. Router
      Reuter  -  50 words
    • Article
      Lock icon Sihanouk to return home
      33 22 AFP PRINCE Norodom Sihanouk announced in Beijing yesterday that he would end two decades of exile and return to Cambodia in late February to live in resistance-held territory. AFP
      AFP  -  33 words
    • Article
      Lock icon Jakarta-Beijing ties this year
      33 22 OANA-Antara INDONESIAN Foreign Minister Ali Alataa said it waa appropriate to normalise diplomatic relations between Jakarta and Beijing this yaar because there were no problems which might prevent it
      OANA-Antara  -  33 words
    • Article
      Lock icon LDP headed for majority: paper
      38 22 AFP JAPAN'S ruling Liberal Democratic Party is heading towards a majority in the February 18 House of Representatives election in spite of a very close contest, the Yomiuri Shim bun projected yesterday. AFP
      AFP  -  38 words
    • Article
      Lock icon Seoul to seek UN seat
      39 22 AFP SOUTH Korean Foreign Minister Choi Ho-Joong said yesterday that Saoul would seek support from Moacow and Beijing in its bid to join tha UN in spite of North Korea s strong opposition. AFP
      AFP  -  39 words
    • Article
      Lock icon Population: KL on target
      35 22 AP MALAYSIA'S population growth la in line with its targat of reaching 70 million by the year 2100. Mipieter in the Prima Minister's Department Detuk Dr Suleiman Deud said yeeterday. AP
      AP  -  35 words
    • Article
      Lock icon Chinese envoy arrives in HK
      48 22 AP SENIOR Chinese diplomat Zhou Nan arrived in Hongkong yesterday to take up hie new poet as Beijing's dm facto ambassador to the territory. In a written statement distributed to reporters at tha airport Mr Zhou expressed optimism about the territory's future. AP
      AP  -  48 words
    • Article
      Lock icon Hanoi, Canberra to sign accord
      36 22 AFP VIETNAM and Australia will sign a cooperation agreemant in March ragulating trade batwaan the two countries. Tha agreement will be signed whan Australia's Trada and Technology Minister viaits Vietnam. AFP
      AFP  -  36 words
  • Article
    Lock icon Comex gold and silver
    70 22 Reuter COMEX gold futures posted strong gains early yesterday on follow-through buying from overnight markets in active trading. Spot gold waa up US$4.BO to US$423 an ounce. Analysts said the commission housee were active buyers after gold rallied over last week's highs. Silver futures also drifted
    Reuter  -  70 words
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      77 22 More reports, Pag« 4 Raft New Zealand Landaborough the primer river and wilderness Adventure 3 DAYS US3BO 00 Beginning in Mount Cook National Park drifting down miles of untouched forest shooting many challenging rapid*, passing 10.000 foot mountains imposing glaciers PRICE INCLUDES: All meals Experienced Guides rafting equipment and Tents
      77 words
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      Page 22 Advertisements Column 2
      47 22 SiICIINEHOUSE A P R|ME A? J? INDUSTRIAL ~kfYf BUILDING FOR SALE =—3 Lfl —IJ9T* ®C»* »VPM B»S S 10 storey light industrial building comprising a total lettable area of 73,005 sq ft Centrally located,just outside the Central Business District 99 years leasehold Contact sole mcx Wing ogemtv
      47 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Soviets set for Aussie deal
        81 23 AFP ONE OF SOVIET LEADER Mikhail Gorbachev's right-hand men arrives in Canberra next week to sign a landmark fishing-trade deal with Canberra that will open Australian ports to the Soviet Southern Ocean fishing fleet. In return for port access, Soviet Prime Minister Nikolai Ryzhkov, who
        AFP  -  81 words
      • Article
        Study off US shiprepair facility
        90 23 THE PORT OF LOS ANGELES announced that the Board of Harbour Commissioners has directed staff to undertake a feasibility study of a shiprepair facility to be operated by North American Shipyards. The study, which began late last month, involves a portion of the 104-acre yard
        90 words
      • Article
        Lock icon Satisfactory results for Kiel Canal
        96 23 Lloyd's List THE KIEL CANAL AUTHORITY reported satisfactory results for 1989 after a series of declining years. The total number of vessels in 1989 was 48,603, almost unchanged from 1988. The gross tonnage was 80.04 million tonnes up 3.2 per cent. The total cargo carried
        Lloyd's List  -  96 words
      • Article
        Lock icon Canada to replace wheat aid
        62 23 Reuter AN OFFICIAL OF CANADA'S aid agency said his country would replace 15,000 tonnes of wheat aid to Mozambique lost when a Cypriot-regis-tered cargo ship disappeared in the Atlantic Ocean. Howard Wilson, Representative of the Canadian International Development Agency (ClDA) in Mozambique told the official
        Reuter  -  62 words
      • Article
        Lock icon Oil slick under control
        84 23 Reuter AN OIL SLICK SEEPING from a Panamanian-flag freighter in Ise Bay off central Japan has been brought under control, the Maritime Safety Agency said on Sunday. An official said the agency still did not know why and how much oil the 2,392 tonne Seijin had
        Reuter  -  84 words
    • Article
      Lock icon Finland proposes subsidy agreement
      128 23 Fairplay A COMMITTEE set up by the Finnish Department of Trade and Industry has proposed a form of subsidy agreement aimed at ensuring the future competitiveness of the country's shipping industry. The proposal allows for direct subsidies to shipowners of about Fmk 50.000 (U5512,700) annually for
      Fairplay  -  128 words
    • Article
      Index to advertisers
      919 23 Page Column ABC Contoinerline Thirteen 5 Accord Shpg Ten 3-5 Albotros Seo Air Seven 5 A PC tin* Seven 5 API five 3-5 AFS Thin##* 3 Arrow lines Nine 5 Asian Exprns Six < 5 ANl Three I /7 ASCI five I Avont Shpg l>n« Six 2/3
      919 words
    • Article, Illustration
      Hiroshima hopes for more routes with Singapore
      345 23  -  -By JEAN FOONG THE PORT OF HIROSHIMA hopes to see more shipping routes opened up with Singapore in the near future. Officials from the Japanese port were in Singapore last week to promote Hiroshima as a shipping hub. 'Our main objectives are to
      345 words
    • Article
      Brazilian-Far East freight group to increase its rates by 10pc
      380 23  -  By JEAN FOONG FOLLOWING in the footsteps of other shipping conferences, the Brazil/Far East/Brazil Freight Conference has announced a general rate increase (GRI) of 10 per cent to US$lO per revenue ton from April 1. The increase, affecting shipments from
      380 words
    • Article
      Oakland to take part in cargo clearance project
      333 23 THE GOLDEN GATE Ports Association (GGPA) is planning to launch a US$l.l3 million pilot programme around July 1 to promote the timely clearance of international cargo through member ports. The Oakland Board of Port Commissioners has approved Oakland's funding of 70 per
      333 words
    • Article
      Philippines has potential to move into newbuilding market
      255 23  -  By AL O LABITA THE PHILIPPINES has the potential to move into newbuildings for domestic and foreign markets, says an agency report. A Maritime Industry Authority (Marina) survey says that the Philippines has 42 existing shipyards which are capable of building giant
      255 words
    • Article, Illustration
      Japan's shipbuilders are smiling again
      1475 24 Japanese shipbuilders, who were once struggling for their very existence, are now recovering strongly as a result of the buoyant shipping market. Seatrade Business Review takes a look at these yards and the cause of their strong comeback to the international shipbuilding industry. WHILE JAPANESE
      1,475 words
    • Article
      Lock icon Tanker rates
      256 24 AFP TANKER rates were either unchanged or weaker over the past week, as fresh demand was slow to emerge, London brokers E A Gibson said on Friday in their latest report. In the Middle-East Gulf, fewer VLCCs (very large crude carriers, 200,000 to 275,000 tonnes) secured employment than
      AFP  -  256 words
    • Article, Illustration
      People in shipping
      209 24 THE INCHCAPE BERHAD Services Group has promoted MRS DOREEN UM to general manager of Dodwell Shipping (S). Mrs Lim. formerly the deputy general manager and head of marketing in Borneo Shipping, will provide management and marketing strength to Dodwell with her 18 years of experience in Inchcape.
      209 words
    • Article
      SHIPS IN PORT
      1435 24 AT CONVENTIONAL WHARVES VmmI Voy No Berth Arrival DtpMn 9002 3/90 ***** 20 M3B 0602; 06® M3A 0602/08® M46 06 02/ 12® M4A 06 02/ 06® 0602/23® 0602/ 18® 0702J 12® 07 02/ 23® Keppel WhatVOt Al-Rohmon Boiyunshon Frotodurbon Mostween 8 Mudonshon Silver Hawk3 All Strength Armodo
      1,435 words
    • Article
      London Freights
      661 25 THE VOLUME of business on the dry cargo charter market remained modest on Friday as openly-reported enquiry faded, brokers said. Some signs emerged of a softer tone in the time-charter sector for vessels in the Pacific for mid-February, although a recent spate of Japanese chartering may have reduced
      661 words
    • Article
      Consortia
      156 25 THE MAJOR shipping consortia operating between Far East/Europe, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan, Far East/Mediterranean and Far East/South Africa: TRIO (Far East/Europe): Ben Line Containers Hapag-Lloyd Mitsui OSK Nippon Yusen Kaisha P O Containers Ltd ACE (Far East/Europe): "K" Line Neptune Orient Lines Orient Overseas Container Line OASIS
      156 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8564 30 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore
      8,564 words
    • Article, Illustration
      Lock icon Sri Lankan govt's decision to liberalise shipping attracting lines to Colombo
      294 36 Lloyd's List THE SRI LANKAN government decision to liberalise shipping from the beginning of 1900 has resulted in some of the world's biggest shipping lines, among them Maersk Line, starting operations from the port of Colombo. An official at
      Lloyd's List  -  294 words
    • Article
      Lock icon Cypriot merchant ship catches fire off Cuba
      205 36 Reuter A CYPRIOT-REGISTERED merchant ship caught fire off the coast of Cuba on Sunday and the Coast Guard sent rescue units into Cuban waters to aid the disabled vessel, a Coast Guard official said. Coast Guard Lieutenant Commander Jeff Karonis said a C-130
      Reuter  -  205 words
    • Article
      Lock icon Rough seas delay fight against oil spill off Japan
      105 36 Reuter HIGH WINDS AND ROUGH SEAS continued to hamper efforts to deel with en oil slick seeping from e Liberian-flag freighter that broke up off Maizuru Bay, Japan, the Maritime Safety Agency said. The Maritime Self-Defence Force has joined the agency
      Reuter  -  105 words
    • Article
      Lock icon Ice unchsnged off Leningrad, growing in Bothnian Bay
      128 36 Reuter FAST ICE PERSISTED off Leningrad and at many Finnish ports and has expanded in the Bothnian Bay, the latest survey by the Marine Reeearch Institute showed. Consolidated and level ice covered much of the Bothnian Bay with fast ice at Finnish
      Reuter  -  128 words
    • Article
      Lock icon MOL moving to its own Oakland box facility on March 1
      329 36 Journal of Commerce MITSUI OSK LINES will move into its own private-use container terminal at the Port of Oakland on March 1. The facility will be operated by Trans Pacific Container Service Corp (TraPac). MOL s North American terminal
      Journal of Commerce  -  329 words
    • Article
      Lock icon Increase in UK coastwise traffic
      178 36 fic moved. International Transport Journal MORE OF THE UK's domestic traffic is being carried by coastal shipping. New figures from the Department of Transport show that coastal traflic amounted to 40,700 million ton-kilometres in 1968, an increase of 2.200 million ton-kilometres over 1987, mainly due
      fic moved. — International Transport Journal  -  178 words
    • Article
      Shipping diary
      513 36 Jan 18 Sipt 90 Diploma In Shipping ft Port Management Conducted by Port of Singapore Authority at Training Department, Tanjung Pager Complex. Tel: *****25. Feb 7-10 Slngaport to, International exNbMion and conlarence lor the maritime Industry, World Trade Centre, Singapore. Feb Strategic Planning in the Insurance Industry conference,
      513 words
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      34 23 How to look after popular make and model. Available ioetkty at mqjor 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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      Page 23 Advertisements Column 2
      19 23 Lines and services represented by Members of the Registry of Accredited [-H0H M Shipping Agents, Singapore National Shipping Association.
      19 words
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      Page 23 Advertisements Column 3
      390 23 831 a lively EBI IV way with MIS WMdi AmAsMS afef good bodohopa I Pubttritofti INSIDE Shipbuilders join the ball WHILE the Japanese heavy industry overall recovered rapidly ss the domestic economic party got underway, shipbuilders alone were the Cinderellas who were left behind. But with the shipping market picking
      390 words
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      89 24 Contact telephone numbers (Tanjong Pagar Terminal) Section 1 Section 2 Section 3 Berth telephone Berth telephone Berth telephone C 1—*****20/*****92 C 4 *****24 C 8 *****63 ON *****20 C 5 *****43/*****45 C 9 *****84 CIS —*****92 CSN —*****43 CIO —*****70 C2_ *****51/*****53 CSS *****45 CI2 *****54/*****42 C2N *****53 C 6
      89 words
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      2235 25 r-arz~zni llt> m\ut suimm kamu m«lV«# 200 Cantonment Road *12 05 South point, Singapore 0208 All If/ Te4 *****11 TELEX NO RS ***** ■FEDCCiiI terminal/cfs t«i *****18 220 J G AGENCIES SON BHO TORT KELANG TEL: *****18 TELEX NO. MA*****/MA***** HHHHH PENANG TEL *****4 TELEX NO MA***** CFS TEL *****6
      2,235 words
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      Page 25 Advertisements Column 2
      2199 25 VMM! Voy ETA ETD Port 'Penang Keleng DESTINATIONS Th »ee» Lars M Ctovmg Tim* FmOt by o*oo mrs M F*rco CfS 12/2 to itOO HAS M Tauro OAK LOB MOO MEM ATI MIA CMS BAI PMI NYC MOM TO« LARS M 9004 13/2 14/2 8/2 10 2 3/3 5/3 8/3
      2,199 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      952 26 ROTTERDAM/] VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE TOKYO BAY 96/516 8/2 3/3 27/2 2#/2 26/2 2/3 KAGA 11/516 11/2 13/2 27/2 1/3 3/3 </3 6/3 ALASKA MARU 09/520 14/2 16/2 6/3 8/3 10/3 11/3 13/3 HEIDELBERG EXPRESS 05/519 15/2 12/3 6/3 6/3 5/3 11/3
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      Page 26 Advertisements Column 2
      639 26 I SOUTH PACIFIC SERVICE I SIN POM LAE SUV PPT I AGIOS SPYRIDON 25/2 7/3 10/3 17/3 23/3 DIRECT CHILE SERVICE I SIN IQQ ANF VAP AGIOS SPYRIDON 2S/2 5/4 7/4 10/4 ACMnts: fsfWfWJXI! SINGAPORE: *****00 I BOOKINGS: *****06 M S. JAYA: 03-*****25 JOHORE* 07-*****2 j NORTHBOUND TO UKC S
      639 words
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      Page 26 Advertisements Column 3
      1318 26 151 IMABIA Ufl REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSj/VOY SIN CLM PRS ALC BCL FEL HAM BRE ROT ANT LHA (VIA (VIA (VIA h ALG) HAM) Mm NORASIA AL-MANSOORAH 1946-3 12/02 16/02 01/03 06/03 XV2 10/03 12/03 13/03 14/03 15*03 16/03 JAPAN SEA 947W 16/02 20/02 05/03
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      1664 27 mmm i Sg Steamers Maritime Holdings Ltd w* P&O FJW STRAITS SHIPPING! Containers «BrjE-r— ww wi..i.«i.|»n.7SSSSl 5 port P Hunt S'tan M burf B Mitt R tfam Itfl TO*TO MY OMJ Bffl ;7« 01® 2MB MM MSA UA2 27K8 01,03 0303 04D3 OMB ACCEPTS CARGO DUE SAILS ALASKA MRU IMJ
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      Page 27 Advertisements Column 2
      1505 27 mftSSSßWrnm TO: EUROPE TO: FAR EAST SP LH ROM HAM BRE FLX SPORE HK KAO BU HANJIN TONCHAE 072W 10/2 24/2 1/3 2/3 4/3 5/3 QUEENSWAY BRIDGE 012E 12/2 14/2 12/2 23/2 HANJIN ROTTERDAM 007W 12/2 2/3 t/3 S/3 11/3 12/3 HANJIN LEHAVRE 00* 19/2 22/2 23/2 1/3 CHOYANC CHANCE
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      Page 27 Advertisements Column 3
      328 27 Sbi STRAITS/ JAPAN/ STRAITS SEMICI SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION ASIAN COSMIC SEKI TRADER STAR TRADER MATSUYAMA VOY NO 5 110 fi C Spore SM 12/2 IS/2 P Kelang In Pt SM 15/2 21/2 Penjng Hong Kong Yokohama Nafoyi 21/2 4/3 Osaka Senboku 2/3 Kashima Funabashi 23/2 •For
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      606 28 jiw—lW IRANIAN SERVICE I Singapor* Loading lor- I JULINA IN POflT BANDAR ABBAS I IRAN EKRAN ETA 10 FEB BANDAR ABBAS —I (Wittfl Um If Mtxica) U.l WEST CMST/MEXICI/CBITVAL AMERICA CONTAMBI SBIVICE HKC LI ENSCNAOA L.CMMNAS SAUNA CRUZ HAfUAMILLO MTU 3 I*2 M m 12/3 W OAXACA V U I*2
      606 words
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      Page 28 Advertisements Column 2
      839 28 (p) HANJIN SHIPPING full container service rr-l ta H hurf Blu«o f lto«« FUOCRVSL Ll* HAUL LA* OAK ~mmm S rag-a-sps. j. as- :rss sz 'SSmVS&ttm 8 >« I m m CHOYANG CHANCE 04Wf 24/2 14/3 15/3 1W U/3 l»/3 N^T^ATPUSAN^^^^ nmn ya SIN UNI HAUL *A QUEENS WAY IHI
      839 words
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      Page 28 Advertisements Column 3
      1095 28 ic-uy=K™ RLWWIKMWBIWmWIMUJWIfU* w. I EVER going »WIMIWMWM »WJS J l jJ!Jt| I«!m7i E t D 1M jw w S: n 23 n M IS w S J 1 EVER GOLDEN 2? J JW 7/3 V 3 "'H^lJSiSSnlSSS^'Slß'pW'l EVER GLOBE W V 3 14/3 12/3 14/3 17/3 ZW a/3 2W W
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      1141 29 SSaPII PACIFIC INTERNATIONAL LINES (PTE) LTD d J Jfav PIL Building, 140 Cecil Street #03-00, Singapore 0106, Tel: *****33 "FAR EAST 7 I unY jifT SBY VOY HKQ VOK NGO KOB BUS KEE KAO HKG I, SSf MSB 5/02 7/02 0/02 MNB 10/02 ***** ***** 25/02 27/02 3/03 4/03 0/03
      1,141 words
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      Page 29 Advertisements Column 2
      693 29 EXPRESS CONTAINER SERVICE TO UK/CONTINENT S KMC PKLANC STON HAH B MAVEN ROAM MAVftt ot,o 8., *2 *3 27/7 lil »1 H in 77/2 mm ilnU Bbru I*2 I*2 *3 7/1 *3 I*3 12/3 l«K)«b*r| Enrw IV2 U/1 W W W 11/3 <f P la, 21/2 m m i» un
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      Page 29 Advertisements Column 3
      472 29 |i DJASAGETRI A Joint Europ* Service Of: P.T. DJAKARTA LLOYI e f.T. BESURI LLOYD P.T. tMHKM MBOKSU P.T. TMKOM LIOYD CR NBR **********0-O express service j f i VSUVOY SPOKE RDAM/ H'BURC MEMtN ANTWERP I ADAM SRIWIJAT A2BWB 0-2*2 90 2OT JO/3 1/4 L J. BONTANC/TOWB 12-ISO 18/4 15.4 11/4
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      Page 29 Advertisements Column 4
      362 29 W MYANMA \EB9L PIVE STAR UNE I (Burmese National Una) Loading for Yingon (Rangoon) Spore P.Kelang Penang Bangkok IKB GUI V/57W 4/9 FEB 12/» FU PAGAN V/IS2W 11/21 FEI PINYA VIO7W 22/27 FEB 2$ Ftbf3 M* KYOMAYWA V/ 123 4/13 Fab 14/17 F«fc KERGUI VW 22/25 Feb THE BANK LINE
      362 words
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      Page 30 Advertisements Column 1
      284 30 f WEEKLY STRAITS/MADRAS CONTAINER SERVICE^ /rjyP7/ DAILY LCL RECEIVING AT OWN CFS I renANG HksSEL P KELANG fSPOREI PK MADRAS (FEE 6/2 R) LEUVE 9118 HI 13/2 /MACOLINE 6 2 MELITA 9004 13/2 14 2 15/2 20/2 MMWLIWC LEUVE 9119 28/2 BOOKING: MACOLINE S'PORE *****11 PK (03) *****77 PEN (04)
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      Page 30 Advertisements Column 2
      224 30 ISiow*v T 4 T \I.! ■I*l Mr ■■Inl il(■ 11 >JTi MANILA/SAIPAN/GUAM direct service (BREAK-BULK/CONTAINER) VESSEL SPORE MANILA SAIPAN GUAM SPARK LE YS 3/2 10/2 W 17/2 SPARKLE *6 2/3 9/3 1W }W SPARKLEV7 29/3 5/4 11* 12/4 (MICRONESIA PORTS DIRECT CALL SUBJECT TO INDUCEMENT) GUAM/SAIPAN SERVICE (VIA HK) FEEDER
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      Page 30 Advertisements Column 3
      345 30 AHYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKC SIN HYUNDAI INNOVATOR 3OE 0M» 15/02 05/03 WB 11/jB I>LANO'A S !SS IIS aS WE !5£ HYUNDAI EXPLORER 29E IMB 22/02 12/03 15/03 11/03 HYUNDAI CHALLENGE*
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      Page 31 Advertisements Column 1
      764 31 M.UtITIMI IT> I.TI> Biweekly fcl/lcl to: FAR EAST JAPAN EUROPE FIJI ISLAND 11/2 TOKYO —15/2 LE HAVRE —12/2 LAUTOKA 16/2 KEELUNG —11/2 YOKOHAMA —15/2 ROTTERDAM —12/2 SUVA —16/2 MANILA -16/2 KOBE -15/2 UK PORTS -12/2 BANGKOK -16/2 pnTHPNRI IRG 2/2 BUSAN —15/2 GOTHENBURG —12/2 HONGKONG —15/2 anDulchtf m TO EUROPE
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      Page 31 Advertisements Column 2
      368 31 Nedlloyd Lines I Fsa. I 8 3 3 4 S I H I s J N Rosvto.SOM 14/3 17/3 l«/ 3 14/3 16/3 fl/3 3/4 10/4 j 5/4 V* vm 4 r -ii f C) T/S At NapMr I vessel Sin Jkt «f Brittene Sydmy Mtam #urn Hrtwl ***** Xjyokorto
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      Page 32 Advertisements Column 1
      1131 32 r s6E_iZ= N. AMERICA-ATLANTIC COAST VOY *INDO 'PK/PNG SGP LB CHLS NFK NYC HFX OOCL FREEDOM 29 5/2 6/2 8/2 3/3 13/3 15/3 17/3 21/3 OOCL FAITH 18 12/2 13/2 15/2 10/3 20/3 22/3 24/3 4/4 OOCL FRIENDSHIP 18 19/2 20/2 22/2 17/3 27/3 29/3 31/3 4/4 NEPTUNE JADE 23
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      Page 32 Advertisements Column 2
      721 32 I ETD sin (IDAY) I *< 10AY > r~" OWY) joojgcojjja CHRISTINE/ f~ 08/02/90 PORT KELANG PENANG BANGKOK VICTOR MMk TWICE/WKLY I ETD SIN < 3 DAYS) +(2 DAYS) *(1 DAY) 08/02/90 HONG KONG KAOHSIUNG KEELUNG JOYCE/JUDY MIW" TWICE/WKLY I ETD SIN (6 DAYS) ♦(1 MY) +(4 DAYS) 08/02/90 BUSAN
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      Page 32 Advertisements Column 3
      288 32 SBeHfaffaSe Shipping wr TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR HERUVIM Ski SETE/R DM/ANT /FLU/UK CAPTAIN CEOftGE SM SM SETE/R DM/ANT 'FLU/UK ■ARIA K SW 10*7 lift SETE/R NI/ANT/FLU/UK vt r-K MULTIPORT AGENCIES (S) PTE. LTD. TEL: m 377 FAX: 225H11 W P.K. MULTVOItT MM SHO.
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      Page 32 Advertisements Column 4
      588 32 GOLDEN LINE A GUAN GUAN SHIPPING (PTE) LTD J 23 Trto» kff Street SINGAPORE 01M Til UUM (10 LIMCS) Fn U4JSM STRAITS/PERSIAN GULF SERVICE: Spore P. Ketone Pan** OOIOCN HARVEST CotonboAjnchi tXiba. 12/14 Fet COLOCN WON OCR Cotanbo/KaradWOubM XIB Feb CHINA SERVICE BAI TUM SMAN Huanou.'Fu2tou IN KMT CHINA OCEAN
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      Page 33 Advertisements Column 1
      1464 33 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 MW Terminal: *****22 CFS: M 2 IMPORT: *****69/*****50 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K-L. *****33, P.Kelang *****87. Penang-*****0, J.Bahru-*****3, *****4 H FDR VSL/VOY PEN PKC SGP MOTH EE
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      Page 33 Advertisements Column 2
      1166 33 SIMSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** WMM f. REIMS MESSRS HAJ TMOMC SNIPPING 127 fWw StrM. MaUrw M/S HANOUNG SYSTEM CO SON RNO
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      Page 34 Advertisements Column 1
      764 34 Page Twelve [HDSiFuHESHY I DSR LINES VEB DEUTRACHT SEEREEOEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND SIN *LCA ANT ROM HBG RST W. ULBRICHT 200 7/B 21/02 303 3/03 703 «/03 J FAHRLAND 200 1/02 2402 MB ft/03 IKB 1103 T WENDA
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      Page 34 Advertisements Column 2
      989 34 UKC COWYPfnOHAI ggg Vmml P KLC PNC PC Loiding for JIANGCHUAN 21/12 Antws OnWA rVLt COKTAP4KM «Hg Vmml Pklf Pn( Sport Bkk Hk| S'hai QtngiM YANC FANG KOU VU» 30/12 21/11 4511 11/11 lt/01 SHANC CHEN VUt 21/01 23*1 27*1 03/02 07TO Acc*ptirt| FCL Cjrjo for *11 other ChiMM port*
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      Page 34 Advertisements Column 3
      192 34 FAST DIRECT REGULAR SERVICE TO I INDONESIA PORT PADANG/PK. BALAM SEMARANG/PANJANG/CIGADING/ BENGKULU VSL ETA ETD LOAOING FOR DELI INDAH In Port 12.2.90 PANJAN6/PK. BALAM NAGA JAYA In Port 12.2.90 PANJANG LAMPUNG JAYA 8.2.90 10.2.90 SEMARANG/PANJANG PINANG JAYA 12.2.90 13.2.90 PANJANG/PK. BALAM PERITA JAYA 15.2.90 16.2.90 PANJANG/JAKARTA ABADI JAYA 15.2.90 18.2.90
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      Page 34 Advertisements Column 4
      460 34 r pT 1 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL CONVENTIONAL CARGOES I AFGHANISTAN I Tourghundi, Kabul, 1 Herat, Mazar-1-Sharif, Mashad, Kushka l ßArs j :Djulfa, Astara VIA ILYICHEVSK ETD SINGAPORE :8/02, 19/02, 24/02, 4/03, 11/03 EUROPE T° all inland (>oints: VIA
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      Page 34 Advertisements Column 5
      480 34 ASEAN 1 ~Nqcv> Hoc. BKKf *****60) WAT AHA BHUM 3SN 7/2 St I Mf2 I I OCEAN CROWN 12H 7/2 St 11(2 PITA BHUM ZUN 7/2 St *g FAMILY ACE 03* Thyr 1/2 Sm W2 JENLINK 142N fri W W sim BHim usw s«t w fa W PITA BHUW 213N
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      Page 35 Advertisements Column 1
      1110 35 VESSEL VOY SINGAPORE KHF/DUBAI JEOOAH I LANKA RUWAN 3W 18/2 05/3 20/3 I LANKA SRIMANI 75W 3/3 13/3 20/3 I ALSO ACCEPTING CARGO (FCL/LCL) FOR: I A) INDIAN PORTS f MADRAS; TUTICORIN; COCHIN; MANGALORE; BOMBAY I B) ARABIAN GULF PORTS I SHARJAH; DUBAI; BAHRAIN; DAMMAM; KUWAIT; MUSCAT I C) RED
      1,110 words
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      Page 35 Advertisements Column 2
      205 35 ACCEPTING FCL AND CONVENTIONAL PEN/PKO ETA LOAWNG FOR SPORE ABBAY WONZ 5/3 DARESSALAAM MOMBASA DJIBOUTI VOY 23YYB ASSAB MASSAWA HOOEIOAM H MEN HUNS LINE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL CARGO Vessel Spore P. Louis Durban Johannesburg POOLGRACHT V PGOIS 11/02/90 21/02 26/02
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      Page 35 Advertisements Column 3
      612 35 PapuLAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 uNOAPOwt tNOOHCSIA sewvtct VSL VOY SIN JKT PAJ SIN PRELUDE 129S 9/2
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      Page 35 Advertisements Column 4
      557 35 mw BAY OF BENGAL SERVICES VESSELS WT SIM HAA CCD B9T EAGLE CLOUD SLO 13/2 SUSAK 97N IN PT 13/2 NOJI 17W ft/2 10/2 LEUVE Jill ft/2 11/2 TIGER RIVER MCNB 7/2 15/2 ILOVIK 90ft 12/2 10/2 SUPANYA 33W 14/2 21/2 I VEST IA Q***** 19/2 2S/2 SUSAK 99ft 20/2
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      Page 35 Advertisements Column 5
      182 35 WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: m.v. -tnt express" V 242 ETA 28/2/90 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANAOA/EUROPE/MEDITERRANEAN |y»l Iwi Irti I Maw tot |Faohf L*» Spwt TWT EXPttSS 19/1 31/1 2*l 27/1
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      Page 36 Advertisements Column 1
      994 36 WWnew usa SET m u* gg SERVICE CALLS RUN6A WWW V.BM 1g ALL WA TOR rpRTUIK VJZBI Ug Ig W W W W W 7g W SINGAPORE runca rutanc vow -ug aukatqr pwne visa ag up up 113 up w w up ug r ,bb/*t cuebv WOW* IUTMK V.HW —Pg
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  • Page 36 Miscellaneous
    • Miscellaneous
      Page 36 Miscellaneous Column 1
      142 36 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 0730 HOURS ON FEB S, 1990. LEGEND p Temperoture °r X\ IV Thunderstorm Weother V Wmd dtfect.on with speed m knots v Shower Rom Wove height Cloudy Sky Surface winds ore indicated by arrows which My with the wind one tun circle represents cokn
      142 words