The Business Times, 1 March 1990
1990-03-01
1
38
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The Business Times
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Title Section10 1990-03-01 1 Business Times MCI (P) 170/12/89 Thursday March 1 1990 75*10 words
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NEWS SUMMARY
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44 1990-03-01 1 THE US Gross National Product grew at a revised annualised rate of 0.9 per cent in the fourth quarter of last year. Late last month, the US Commerce Department estimated the growth at 0.5 per cent. AFP44 words
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Article24 1990-03-01 1 THE PRICES of premium and regular petrol will increase by two cents a litre respectively throughout Malaysia from today. Bernama24 words
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Article27 1990-03-01 1 JAPAN yesterday adopted an official target of 4 per cent economic growth in real terms for fiscal 1990, led by robust domestic demand. AFP27 words
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Article22 1990-03-01 1 Singapore may supply electricity to Indonesia to ease the shortage of electricity on the island of Batam Page 222 words
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Article30 1990-03-01 1 Fiscal policies have generally worked in Singapore in the past but they must be supported by other measures while involving greater participation from the public Page 230 words
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Article25 1990-03-01 1 Thailand has plans to become the main financial centre of South-east Asia. A draft discusses what needs to be done. Page 725 words
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Article38 1990-03-01 1 Japanese officials are hoping that Prime Minister Toshiki Kaifu's meeting with President George Bush this week will not focus only on economic issues and business practices in Japan which the US is critical of. Page 838 words
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Article34 1990-03-01 1 New orders for US durable factory goods, the backbone of the nation's manufacturing economy, tumbled a record 10.5 per cent in January, the Commerce Department reported on Tuesday Page 934 words
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Article35 1990-03-01 1 Do you hit the perfect shot? Any golf club member who sinks a singleton between Jan 1 and May 20 will automatically qualify to enter The Ballantine's Hole-in-One Tournament Page 1335 words
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MARKET SUMMARY
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Article29 1990-03-01 1 Prices of leading shares opened slightly lower on Wall Street yesterday, with the Dow Jones industrial average down 0.90 point to 2,616.21 five minutes into the session.29 words
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Article20 1990-03-01 1 At 1200 GMT, the Financial Times-Stock Exchange 100share index was 7.3 points, or 0.3 per cent, higher at 2,262.1.20 words
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Article34 1990-03-01 1 Sim Lim Investments, which was taken over late last year by the Indonesian Summa group, has proposed a three-for-two rights issue with detachable warrants to raise $100.5 million Page 334 words
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Article32 1990-03-01 1 With no dominant shareholder and a big float of QAF shares in public hands, predators are circling the company. Is a takeover of this food group imminent? Page 332 words
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Article20 1990-03-01 1 LA-based Security Pacific Bancorp withdrawing itself from the international scene to become a "national" bank Page 620 words
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Article, Illustration29 1990-03-01 1 Wednesday Change BT-MGA 774.93 +8.16 Kuala Lumpur 2920.83 -22.83 Hongkong 2754.84 +3.05 Tokyo *****.14 -29.22 Sydney 1681.3 +6.7 Tuesday Change New York 2,617.12 +14.64 l-ondon 2,254.8 +5.529 words
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Article20 1990-03-01 1 Exchange rates S$ -US$1.8685 S$ 1.3498 yen SS MS0.7304 Money market rates Overnight 4 4-1/4 3-month 6 1/16% 6-3/1620 words
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Article34 1990-03-01 1 London Gold AM fix US$407.00 -US$4.30 Rubber S'pore Feb !56.50*/kg -1.25 M'sia Feb M229.00Vkg unch KL Tin Turnover llltonnes -31 Spot M$l6.64/kg -20 Crude palm oil Turnover 1,416 lots -746 Feb M$644/tonne -3034 words
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423 1990-03-01 1 DEAR READER, Your paper takes on a new look for the 90s today. A bigger and brighter Business Times with a fresh approach to the packaging of news and views, facts and figures for Singapore's business community. The aim: an ever more423 words
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515 1990-03-01 1 Catherine Ong - By Catherine Ong Hongkong Correspondent IN AN apparent attempt to curb property speculation by foreigners, the Monetary Authority of Singapore (MAS) has imposed an unwritten prohibition on the lending of Singapore dollars to foreign companies to buy local real estate. Bankers and company executives515 words
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250 1990-03-01 1 Reuter INDONESIA plans to raise fuel prices to keep consumption down and is trying to avoid political pitfalls in the process, said economists in Jakarta yesterday. The Indonesian Mines and Energy Minister, Ginanjar Kartasasmita, yesterday called a special meeting ofReuter - 250 words
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Article100 1990-03-01 1 AFP INDONESIA has agreed in principle to renew a contract with Freeport Indonesia Inc of the US to mine copper in the province of Irian Jaya. The official Antara news agency said yesterday that President Suharto gave his agreement in principle to renew the contract, which wasAFP - 100 words
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Article, Illustration143 1990-03-01 1 IF YOU ARE in the league of Donald Trump and Adnan Khashoggi (not now, though), your dream is anchored off the World Trade Centre. And if you have the luck (or was it foresight?) of Mr Trump, you could even get a143 words
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Article, Illustration462 1990-03-01 1 Kenneth James - By Kenneth James Economics Correspondent IN A YEAR that saw strong and broad-based growth, the financial and business services sector out-revved manufacturing, its twin growth engine, to become the Singapore economy's leading sector for 1989. But the Republic's high 9.2 per cent growth rate was tempered462 words
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Page 1 Advertisements
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Advertisement323 1990-03-01 1 Cassette Receiver D Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone 235 1333 Kuala Lumper: Phone 757 0233 Penang: Ptione *****5/*****4 Jakarta Phone 374 085/380 1472 DOWN AND OUT ON A LIMB 10 GOING STEREO 12 Advertising Marketing 12 Leader 10 Weather 23 Aircraft Schedule 23 Money and323 words
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Advertisement35 1990-03-01 1 Exciustv 7065 C Bally at the Royal Holiday Inn »P» iff -«>.. > ••V." W J H^gOf 25 Scotts Rood *0101 Royal Holiday Inn Shopping Centre Singapore 0923 Tel 737 0503 Open Daily: 10 am 9 pm35 words
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HOME NEWS
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NEWS ROUNDUP
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54 1990-03-01 2 SINGAPORE Telecom has bought a $22 million IBM mainframe computer as part of its automation efforts. The mainframe is to further develop three information systems for customer and services information; integrated materials, purchasing and accounting; and personnel and payroll. These systems were part of an54 words
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Article83 1990-03-01 2 A LIBERAL AIR Services Agreement has been reached between Singapore and the United Mexican States. The designated airlines of the two countries can mount any number of services. The traffic volume or aircraft type were also not restricted. The agreement is part of the Government's efforts83 words
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Article107 1990-03-01 2 MORE than 150,000 Korean tourists are expected to visit Singapore this year. Chang Chi Soo, the Singapore director of the Korea National Tourism Corporation (KNTC), said in a press briefing that the strong won is prompting more Koreans to travel. According to the Singapore107 words
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Article51 1990-03-01 2 SINGAPORE Computer Systems (SCS) and Canada's largest software company, Cognos Corporation, have joined forces to market Cognos software products. Cognos Singapore will take charge of sales in Asean, Burma and Hongkong. Cognos Corporation has a 70 per stake in the joint venture, and SCS has 30 per51 words
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Article41 1990-03-01 2 SINGAPORE and Osaka's chambers of commerce will be signing an affiliation agreement next week. It was announced yesterday that the affiliation will be between the Singapore Chinese Chamber of Commerce Industry and the Osaka Chamber of Commerce Industry.41 words
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Article40 1990-03-01 2 OPPOSITION Member of Parliament Chiam See Tong will be asking Home Affairs Minister Professor S Jayakumar in a future Parliament sitting if he would release all political prisoners as a goodwill gesture on Singapore's 25th anniversary-40 words
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Article35 1990-03-01 2 THE FIRST food hygiene course, which all food handlers must undergo, was launched yesterday. Ho Kah Leong, Senior Parliamentary Secretary (Communications Information), said there are currently about 72,200 food handlers in Singapore.35 words
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249 1990-03-01 2 REACTIONS from the business sector and other interest groups affected by the vehicle quota system are realistic, accepting the scheme as generally equitable but, as expected, raising individual concerns for review. Large private operators of commercial vehicles, like CWT, a local container and249 words
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Article, Illustration443 1990-03-01 2 Walton Morais - By Walton Morais THE Indonesian government is studying the feasibility of a cable link between Batam and Singapore to help overcome the projected electricity shortage on the Indonesian island. To make the investment in such a venture feasible industry sources say such a project could443 words
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Article167 1990-03-01 2 DESK-TOP publisher Superskill Graphics, courier company DHL International and the Port of Singapore Authority are the winners of the National IT awards 1990. The National Computer Board (NCB), which timed the announcement of the winners to coincide with the opening of the National167 words
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Article270 1990-03-01 2 FISCAL POLICIES have generally worked in Singapore in the past but they must be supported by other measures while involving greater participation from the public. This was the main thrust that emerged in a discussion in SBCs Points of View programme telecast over television last270 words
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Page 2 Advertisements
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Advertisement156 1990-03-01 2 leader, Pg 10 HENDERSON INDUSTRIAL PARK NEW PHASE warehouse lo^ Mmmm A distinguished design, with excellent features to fjBBMWf J make this new phase another choicest investment t SffllW ("sill j 1 p I Flatted factory comprising 46 factory units (from 2000 to 5500 sq ft) and four ten ttpj156 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration269 1990-03-01 3 Otter indices Close Previous Net change Feb 28 Feb 27 Net Change ,BT Composite 1356.13 1344.06 BT-MGA 784.05 774.15 +9.90 ST Industrials 1550.06 1535.09 +14 97 BT OB/OS +50 -116 +166 ~BT CADI -5252 -5349 +97 'BT 10-day MA -5247 -5252 •®T OBV *****72 f *****98 *****4269 words
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COMPANY BRIEFS
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Article67 1990-03-01 3 THE Kuala Lumpur Stock Exchange has granted the listing and quotation for 7.57 million new ordinary shares of MWE Holdings Bhd on Monday. The new shares, which will not be eligible for any dividend in respect of calendar 1989, will carry an endorsement on67 words
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Article105 1990-03-01 3 SIME SEMBAWANG Engineering has won a Ms6l million contract from Esso Production Malaysia Inc (EPMI) to'build its Seligi G platform. The contract was signed yesterday between group chief executive of Sime Darby and SSE chairman Tunku Datuk Ahmad Yahaya and EPMI managing director Datuk Karl Swenson.105 words
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Article46 1990-03-01 3 SRI CENDANA Sdn Bhd has disposed of two million shares in Tongkah Holdings Bhd, reducing its shareholding in the latter to 9.78 million shares. The shares were sold by Sabah Development (Nominees) Sdn Bhd by way of a private placement on Feb 6.46 words
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Article258 1990-03-01 3 PENTEX-SCHWEIZER Circuit's public offering has been 90 times subscribed and investors who applied for less than 10,000 shares will receive about half the total amount offered, exceeding the 30 per cent recommended by the SES. When the offer closed on Tuesday noon, underwriter DBS Bank258 words
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640 1990-03-01 3 Rosie Tan - THE HOCK LOCK SIEW COLUMN Bv Rosie Tan EVER SINCE the three-year moratorium on the sale of QAF shares by its controlling shareholders ended two and a half years ago, predators have been circling the foodbased company waiting to pick up640 words
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Article, Illustration336 1990-03-01 3 William Chia - By William Chia SIM LIM Investments (SLI), which was taken over late last year by the Indonesian Summa group, has proposed a three-for-two rights issue with detachable warrants to raise $100.5 million. SLI announced yesterday that the three rights and one warrant will be336 words
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Article, Illustration184 1990-03-01 3 VETERAN BUSINESSMAN Michael Fam Yue Onn has been appointed new chairman of Malayan Breweries Ltd, taking over from Dr Phay Seng Whatt who has retired. Dr Phay, who also sits on the board of several OCBC-related companies, has been a director of MBL184 words
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Article366 1990-03-01 3 Conrad Raj - By Conrad Raj KEPPEL Finance, the result of a merger between the Keppel group's Shing Loong Finance and Sim Lim Finance, has turned in a laudable set of Figures for the year ended Dec 31, 1989. Group after tax profit shot up from $96,000 for the366 words
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Article271 1990-03-01 3 UPMARKET watch retailer The Hour Glass has ventured into the perfume business by setting up a joint venture with a US partner to market fragrances in the Far East. Hour Glass will take a 60 per cent stake in Hour Glass Fragrances Pte Ltd (HGFPL)271 words
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Page 3 Advertisements
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Advertisement176 1990-03-01 3 There Are Those Who Recognise Hie raft Of GeraU (jew La. And Tliere Are Those ho Can ALo Afford R. The watchmaking geniua ai Gerald Gent* ia encaaed in every timepiece he deaigna. Each ia a treaaure. And each came* Ki» name to hear teatimony oi his ait. 0 From176 words
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REGIONAL COMPANY NEWS
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Article187 1990-03-01 4 HONGKONG Indices Close Open High Low Volume Change Hang Seng Index 2951 2936 2955 2931 +19 Hang Seng Spot 2950 2969 2970 2950 667 +5 Close Previous Net Change Feb 28 Feb 27 Hang Seng Finance 2085.39 2073.31 +12.08 Hang Seng Utilities 3648.43 3651.02 -2.59 Hang Seng187 words
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Article, Illustration486 1990-03-01 4 NST DIVERSIFIED GROUP Innovest Bhd, which recently acquired a 31 per cent stake in Chocolate Products, is believed to be seeking a stake in Singapore-based fast-food and confectionary company Sunshine Allied Investments Ltd. The stake being sought is a 24.8NST - 486 words
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329 1990-03-01 4 NST PILECON Engineering Bhd, which is already undertaking some Ms3oo million worth of contracting and engineering projects overseas, has identified Indonesia as its next South-east Asian stop. Director and chief executive Hong Lee Pee said negotiations were underway with prospective Indonesian partners. Speaking after Pilecon'sNST - 329 words
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279 1990-03-01 4 Bernama ANTAH HOLDINGS Bhd has become the largest shareholder of Unigroup pic, a British-listed company, following the approval of the acquisition of the shares by Unigroup's shareholders at an extraordinary general meeting on Feb 22. Antah said its subsidiary Antah Overseas Holdings Sdn BhdBernama - 279 words
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375 1990-03-01 4 Bernama SHELL is expected to spend about Mss billion on its upstream operations in Malaysia in the next five years, with Ms7so million to be used for exploration and appraisal investment, the chairman and chief executive of Shell companies in Malaysia, DatukBernama - 375 words
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195 1990-03-01 4 Reuter MALAYSIAN car distributor Edaran Otomobil Nasional Sdn Bhd (EON) is to offer 36 million shares for sale as a prelude to a listing in May. EON chairman Jamil Jan did not reveal the offer price, but sources in Kuala Lumpur saidReuter - 195 words
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Page 4 Advertisements
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Advertisement114 1990-03-01 4 Lufthansa's Asian Commitment: We link Singapore to over 180 destinations. Worldwide. > W' 4 -j-w v j 4 -Jb r 4 -J W •«—►tslW I' > ***>, j "ky. Ik v LT IaHHL v K Lufthansa's global route network is bigger and better than ever With it, we give you114 words
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Advertisement103 1990-03-01 4 interest in Western Australia as an area of potential for business and trade possibilities, the Department of Trade Development of Western Australia is a series of 7-day fully-conducted Business f Investment Tours. Im-* sSI /tntffntfa' Highlights of the tour include presentations on the Business yS j Investment Programme and Educatton103 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration453 1990-03-01 5 Reuter DECISIONS BY Union Bank of Switzerland and Ci-ba-Geigy to convert their non-voting participation certificates (PC) into bearer shares have raised market speculation that other Swiss firrtis will soon follow. "The trend towards a single category of share is unstoppable," Hans Kaufmann,Reuter - 453 words
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311 1990-03-01 5 FT AN ITALIAN-Frcnch consortium open to EC companies has been formed to examine possibilities of building a US$lO billion (£5.9b), gas-carrying TransAsean pipeline (TAPL). TAPL was conceived as a key infrastructure project in developing the gas sector of the Association of South East Asian Nations,FT - 311 words
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Article105 1990-03-01 5 NEW YORK Feb 27 Indices (lose Preriow Net Change Feb 27 Feb 26 Dow Jones 2617.12 2602.48 +14.64 NYSE Composite 182.16 181.26 0.90 Standard Poor's 500 330.26 328.67 +1.59 Turnover (nearest'000) 152,590 149,000 +3,590 LONDON Financial Tmcs 30 1781.5 1776.1 +5.4 FTSE 100 2254.8 2249.3 5.5 Turnover105 words
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283 1990-03-01 5 Reuter aNGLO-DUTCH food, cosmetics and soap giant Unilever has reported a 24 per cent rise in 1989 pre-tax profits, attributing it to a healthy growth in sales. "Unilever plc-NV, one of the world's largest consumer goods companies, announced combined fourth quarter profits ofReuter - 283 words
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COMPANY BRIEFS
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83 1990-03-01 5 WEST German chemical group Hoechst AG has agreed to buy all the shares of the Portuguese chemical firm Finicisa, Fibras Sintenticos SA for an undisclosed price. Hoechst said it would buy the shares from Imperial Chemical Industries pic of the UK and Manuel Fino83 words
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Article98 1990-03-01 5 PUBLISHER Rupert Murdoch's News Corp Ltd expects itsloss-making British satellite TV station Sky to break even by the end of 1991, company officials said. Start-up costs at Sky were a major factor hampering New Corps earnings for the six months to Dec 31,98 words
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Article101 1990-03-01 5 YUGOSLAVIA opened its first stock market in almost 50 years on Tuesday, when the Belgrade market opened its doors. The government decided in December to reopen the market as part of reforms towards a market economy. In the initial stages, only four banks have been authorised101 words
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Article96 1990-03-01 5 PROFIT Technology Inc entered into a definitive agreement to buy Rodime pic's retail products business Rodime Systems for about US$7 million in cash, a subordinated promissory note of about US$3OO,OOO and U*****,000 of Profit's common shares, or about three per cent, of its common after96 words
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Page 5 Advertisements
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Advertisement178 1990-03-01 5 Pfc jr Thinness to the point of 3 millimeters. Accuracy to the point of seconds a year. Engineering to the point of art. That's the point of Delirium. <§ CONCORD, INTRODUCING THE CONCORD DEUR'UM 18K GOiD AND STA NLESS S t E£l WATCH SINCE 1908 AUTHORISED DEALERS SINGAPORE Asia Watch178 words
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FINANCIAL NEWS
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SMALL CHANGE
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Article50 1990-03-01 6 IN line with rising interest rates, OCBC has jacked up its home loan rates by quarter point from today. Home loans with tenures of 1-5 years will carry a rate of 5.5 per cent; 6-10 years, 5.75 per cent; and 11-30 years, 6 per cent.50 words
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Article74 1990-03-01 6 SOME 80 banks agreed in Tokyo on Wednesday to subscribe to a 15-year bond issue by the Philippine government expected to raise more than US$7OO million under a three-stage scheme proposed by US Treasury Secretary Nicholas Brady to reduce the Philippine national debt. The issue,74 words
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Article72 1990-03-01 6 AS a first gesture towards normalising relations with China, the World Bank has reopened its line of credit to China, closed down after the army's intervention in Beijing last June, by agreeing to extend a US$6O million loan for a farming project. World Bank president72 words
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387 1990-03-01 6 Hong Lee Tiam - By Hong Lee Tiam THAI borrowers, aided by their foreign bankers including several Singaporebased banks rushed to draw down their offshore loans before an extended tax amnesty expired yesterday. The Thai authorities first suspended payment of withholding tax on offshore loans last387 words
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297 1990-03-01 6 IN A complete about-face, Los Angeles-based Security Pacific Bancorp (SPB) has declared its intention reduce its role in the international and investment banking scene to concentrate on its businesses in the US. In a press conference in Los Angeles on Monday, chief executive officer297 words
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Article, Illustration226 1990-03-01 6 Reuter BANK of Japan (BOJ) governor Yasushi Mieno said recent yen-dollar movements are very speculative and Japan and other nations are ready to take decisive measures if needed to counter such activity. Mr Mieno said the present economic conditions do not require aReuter - 226 words
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186 1990-03-01 6 TAIWAN'S central bank governor said he will keep his tight money policy in place and said there could be no immediate lowering of interest rates. "There is nothing we can do. Easing the current monetary policy would invite inflation," Samuel Shieh said. "People must186 words
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407 1990-03-01 6 Number bwfcjtfvt Gcom v ear Amount of <toy« of redemption Maturity r.t. I ($ra) payment accf Tod y**> P«) d ,M Interest M 5 4.87/90 Loan 1 1972 5 3/4* 12.78 15/4 15/10 136 100.25* 3.68* .5.90 N 2881 OOF 1988407 words
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382 1990-03-01 6 Quak Hiang Whai - By Quak Hiang Whai OVERSEAS Union Bank, following DBS Bank's lead, is actively stepping up its factoring activities with an independent factoring arm expected to be set up in the next few months. Overseas Union Trust, the finance arm of OUB, is said382 words
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Page 6 Advertisements
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Advertisement137 1990-03-01 6 This announcement appears as a matter of record only. February 1990 STACO INTERNATIONAL FINANCE LIMITED A WHOLLY OWNED SUBSIDIARY OF BANK DAGANG NEGARA U5533,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 1993 Arranger Morgan Grenfell (Asia) Limited Lead Manager Indover Summa Finance Co. Ltd., Hong Kong Managers Gulf137 words
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Advertisement226 1990-03-01 6 FOR SALE BY TENDER. NEW TECH PARK, SINGAPORE The ultimate. R3T 77 tmhwak lettable area of more than 500,000 sq. ft fIPH New Tech Park 6ATO j with an opportunity to add another mm is Singapore's 91,795 sq. ft. (8,528 sq. m.), New Tech leading hi-tech \\l[7/—Park features virtually column226 words
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Page 6 Miscellaneous
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Miscellaneous34 1990-03-01 6 DoIlarS Non$en$e U r— v i cRED,T t i I au*EAU I j —j! „,r. Mj 'Hello, this is Johnny Deadbeat. I'm not home right now but my check is in the mail." v34 words
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THE REGION
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Article402 1990-03-01 7 THE SEVENTH National Economic and Social Development Plan will aim to transform Thailand into the main financial centre of South-east Asia, The Nation reported on Tuesday. The plan's draft for the financial sector is expected to call for separate budget allocations at both the402 words
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137 1990-03-01 7 Reuter THAILAND has introduced controls on the country's largely unregulated but fast expanding over-the-counter (OTC) equity market, a spokesman for the Bank of Thailand said in Bangkok yesterday. The central bank had asked licensed securities firms that underwrote or sold unlisted sharesReuter - 137 words
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Article127 1990-03-01 7 TRApE between Canada and Jiongkong is likely to improve as nearly half of the colony's emigrants leave for Canada in the run-up to 1997, the South China Morning Post said on Tuesday. Mr David Li Kwok-po, chief executive of the Bank of East Asia, said on Monday127 words
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Article, Illustration98 1990-03-01 7 Reuter PHILIPPINE OPPOSITION leader Juan Ponce Enriie is seen here being led away to the headquarters of the National Bureau of Investigation after he was arrested on Tuesday and subsequently jailed yesterday on charges of rebellion and murder for his role in last December's coupReuter - 98 words
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125 1990-03-01 7 A FORMER US ambassador to Indonesia says Washington is expecting Jakarta to be effectively enforcing its patent law by the next year. According to the Jakarta Post, Mr John Holdridge said the US Trade Representative, who is empowered by the Omnibus Trade Act125 words
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287 1990-03-01 7 BP PRIVATE INVESTORS will be invited to provide twothirds of the three million telephone lines that the Telephone Organisation of Thailand (TOT) hopes to install from 1992-1996, the Bangkok Post reported on Tuesday. An informed source in the Communications and TransportBP - 287 words
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NOTE BOOK
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73 1990-03-01 7 Reuter TOKYO GAS CO LTD and two other major Japanese gas firms are negotiating a new contract to import about two million tonnes a year of Indonesian liquefied natural gas (LNG) from 1994. Spokesmen for the companies said in Tokyo yesterday that two of theReuter - 73 words
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Article81 1990-03-01 7 JAPANESE BUSINESSMEN who want to start up companies in Thailand but do not know how to make a company succeed within the Thai context will shortly be able to refer to a book that is being compiled by a private Japanese foundation, according to The Nation81 words
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Article93 1990-03-01 7 A NUMBER OF US AGENCIES are reported to be satisfied with efforts to improve alleged labour abuse in Thailand and may fight attempts to revoke the Generalised System of Preferences privileges for Thai products, the Bangkok Post reported on Tuesday. Foreign Trade Department deputy di-rector-general93 words
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Article63 1990-03-01 7 AFP SENIOR JAPANESE and Australian officials were scheduled to meet in Sydney yesterday for a second round of formal economic talks between the two governments. An Australian Foreign Ministry spokesman in Canberra said that the talks, the second since the initial round in Tokyo inAFP - 63 words
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Article60 1990-03-01 7 Reuter ECONOMIC INDICATORS point to a continuing slowdown in the growth of domestic demand in Australia, the country's Treasury said in an overview of the economy yesterday. "Partial indicators suggest that growth in domestic demand continued to slow in the December quarter 1989. Forward looking indicatorsReuter - 60 words
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Article90 1990-03-01 7 AFP EACH WESTERN AUSTRALIAN FAMILY faces five years' "hard labour" because of the state government's huge losses in a failed petrochemical project, Liberal Party leader Barry MacKinnon charged in Perth on Tuesday. He said the losses, which State Premier Carmen Lawrence of the LaborAFP - 90 words
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Page 7 Advertisements
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THE WORLD 1
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WORLD WATCH
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101 1990-03-01 8 Reuter NEW AGREEMENTS to curb steel exports and end industry subsidies have been reached between the US and Austria, Finland and Yugoslavia, US Trade Representative Carla Hills announced in Washington on Tuesday. The agreements are part of an overall plan to renew importReuter - 101 words
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Article68 1990-03-01 8 Reuter THE US might be able to save as much as US$BO billion a year and reduce active-duty armed services by 594,000 people because of a declining Soviet threat, a congressional report said on Tuesday. The estimate was one of five alternatives for USReuter - 68 words
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Article76 1990-03-01 8 AP A SONY CORP subsidiary will spend about US$l5O million in the next two years on equipment to modernise a plant in San Antonio, Texas, bought for Sony's first microchip manufacturing site outside of Japan, an official said. That, combined with the US$55 million in cashAP - 76 words
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Article84 1990-03-01 8 AFP JAPAN overnxik Switzerland last year as the fifth largest importer of French wines and spirits, buying some 2.? billion francs (US$43B million) worth, the French wines and spirits exporters federation said in Paris on Tuesday. Wines accounted for one billion francs of the total,AFP - 84 words
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Article112 1990-03-01 8 AFP NEARLY TWO HECTARES of the Champs Elysees avenue in Paris are to be turned into corn fields during June, to focus public attention on progress in French agriculture. The project, dubbed the "Great Harvest", is the brainchild of the young farmers' association (CNJA) andAFP - 112 words
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Article, Illustration310 1990-03-01 8 Asahi JAPANESE Foreign Ministry officials, in a rush to prepare for Prime Minister Toshiki Kaifu's meeting with President George Bush tomorrow and Saturday, said they hope the talks will not focus only on Japanese economic issues and business practices thatAsahi - 310 words
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397 1990-03-01 8 AFP CHINA is willing to agree to an examination of Taiwan's request to join Gatt, but only after Beijing has been readmitted, Chinese Foreign Minister Qian Qichen said in Geneva on Monday. His statement marks a softening of China's recent position on Taiwan'sAFP - 397 words
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219 1990-03-01 8 AFP INVESTMENT by Japanese electronics companies in Britain will grow in, the 1990s with the creation of thousands of new jobs, Takao Ncgishi, European director of the Electronic Industries Association of Japan. said in London on Tuesday. Mr Negishi was speaking at theAFP - 219 words
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421 1990-03-01 8 Reuter AFP WORLD Bank approval of a second loan to China after a moratorium following the Tiananmen incident, and Japan's lifting of a freeze on new economic aid show that Beijing is gradually winning the credit war. In Washington onReuter; AFP - 421 words
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202 1990-03-01 8 Asahi NIPPON Steel Corp has begun using a neurocomputer to monitor operations and to warn of potential accidents at a steel foundry' in southern Japan in what the company says is the first ease of an artificially intelligent (AI) system being used inAsahi - 202 words
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395 1990-03-01 8 Reuter TAIW \N is expected to post a record budget deficit r fiscal 1990/91 starting Ju I. Taiwan's Director General of Budget. Accounting > d Statistics (DGBAS). Yu Chicn-min. told a Nati nal Security Council meetin in Taipei yesterday that he government'sReuter - 395 words
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416 1990-03-01 9 AP ALONG WITH consumer goods such as cars and television sets, economists say, the US has lately grown more reliant on money "imported" from other lands. As a result, interest rate trends in the US are being determined to an increasing extent by decisionsAP - 416 words
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151 1990-03-01 9 AP THE CHINESE government and two private US organisations have agreed to stage a major trade conference in Seattle in October, the leader of one of the private groups said on Tuesday. However, Chinese government officials have been told that the conference wouldAP - 151 words
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Article, Illustration61 1990-03-01 9 HUGE WAVES battering a resort in Etretat, France, on Tuesday as storms hit western and northern Europe. At least 51 people have died in two days of gales and blizzards which have left a multi-billion-dollar trail of devastation. In London, for example, insurance companies said that61 words
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385 1990-03-01 9 NYT SEVERAL US electronics companies are discussing the formation of a venture to develop and produce display screens for use in laptop computers, military gear and television sets, an official involved in the venture said. Such a venture would be the mostNYT - 385 words
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344 1990-03-01 9 NYT NEW ORDERS for US durable factory goods, the backbone of the nation's manufacturing economy, tumbled a record 10.5 per cent in January, the Commerce Department reported on Tuesday. The drop, to US$llB.2 billion, was about three times as muchNYT - 344 words
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Page 8 Advertisements
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Advertisement421 1990-03-01 8 I Keppel Finance Limited I (Incorporated n the Republic of Singapore) I AUDITED RESULTS FOR THE YEAR I ENDED 31 DECEMBER 1989 I The Directors advise the following audited results of the Company and of the Group for the year ended I 31 December 1989 COMPANY GROUP H 12 months421 words
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Advertisement103 1990-03-01 8 rFOR SALE BY TENDER^ No.l EWART PARK, SINGAPORE Tender Closing on 28 Mar 1990 J Freehol i land area the a 48,706 soft j Existing bungalow J 6,000 sq ft built up, i in tenantable condition with a j x swimming pool uY 1 taram court V\ V\ j j103 words
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Page 9 Advertisements
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Advertisement197 1990-03-01 9 Audi 80 Pacesetter with a shape that makes heads turn Those who truly understand upmarket cars go for Audi. A car several cuts above the rest. More responsive. More fun to drive. And a distinctive shape that makes heads turn. The pacesetter. With advances other saloons try to follow. Aerodynamics.197 words
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453 1990-03-01 10 EDITORIAL MISERY doesn't always love company. From the reactions of parliamentarians to the new vehicle quota system, fleshed out by Communications and Information Minister Dr Yeo Ning Hong on Monday, it might not have mattered that the interests they represent will not be453 words
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WHAT THE OTHERS SAY
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151 1990-03-01 10 SINGAPOREANS should be aware that the vehicle quota scheme is complex because the government has tried to be as fair as possible to all. The creation of four separate categories of cars for bidding purposes is one example. In addition to the concomitant151 words
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Article115 1990-03-01 10 DR YEO NING HONG's speech on the quota system shows two things: though the government is determined to curb vehicle growth, it also hopes to accommodate people's wish to own cars. Proof of government's intention is ample. For example, the tender is based on the lowest115 words
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Article110 1990-03-01 10 IN THE WAKE of recent election results, the likelihood of the pro-independence movement in Lithuania forming the next government in the Soviet Baltic republic is very real. That it may become the first Soviet republic to break away is also highly probable. The Kremlin is mindful of the110 words
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REGIONAL VIEWPOINTS
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Article90 1990-03-01 10 STARTING FROM SCRATCH in the early--*****, the electronics industry has grown rapidly into a multi-billion-ringgit industry (with a total output valued at M 512.1 billion in 1988) and has become the spearhead of the country's export trade (accounting for nearly 47 per cent of total manufactured exports90 words
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Article145 1990-03-01 10 THE CHATICHAI Administration, as if it did not have enough problems, started another controversy this weekend by deciding to permit Caltex Oil (Thailand) to build the country's fifth oil refinery, after Caltex lost out to Shell of Thailand in a hotly-contested bidding for rights to operate145 words
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Article127 1990-03-01 10 THE MALAYSIAN shipping industry is looking forward to a significant increase in business in the 1990s in the wake of the stepped-up pace of economic activities. It had wallowed in sluggish conditions for much of the last decade and set off on the road to recovery127 words
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Article, Illustration1215 1990-03-01 10 Florence Chong - Down and out on a limb Rash of Australian corporate collapses sees backlash in financial markets, reports Florence Chong. Florence Chong Florence Chong is Business Times' Sydney Correspondent INCALCULABLE damage is being done to the creditworthiness of corporate Australia in international banking circles as confidence is eroded with the collapse1,215 words
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Page 10 Advertisements
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Advertisement112 1990-03-01 10 In Penang where else but the Shangri-La. r Known for its supeib I- business and conference h facilities Famous for its impeccable service Located in the heaij of histonc Georgetown The Shangn-La Where else for the best of business and pleasure H S Shangri-La hotel PENANC. MALAYSIA I HMBH9HHHH A112 words
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Page 10 Miscellaneous
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Miscellaneous43 1990-03-01 10 POONESBURY tM NOT GOiN6W ANSWER ANY I MET MMA AFTER I SAUJ /WMOT*i vZjtfT MCRt GUeSIbNS ABOUT MVSX- t€R IN THAT TFUCMR FLICK. M£, THATMft *1 Ztnnrtt uZwmbivß aFTTOSAYs*SAeax>FKjeNP j SSafirtp mc&Fi ANDSHtCOMPUmVMN ■T* fIKOUJTWi M U&TOIB WTOHAVe j AHJAY HJTTH Th£ 143 words
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ECONOMIC SURVEY '89
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Article649 1990-03-01 11 GROSS Domestic Product or the total output of the local economy crossed the $50 billion mark last year to hit $55.3 billion. That's about 10 times the average of the *****, and 25 times the output of the *****. Gross national product (GDP plus income from abroad) totalled $56.3649 words
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535 1990-03-01 11 Yong Pow Ang, Anna Teo, Shoeb Kagda - Yong Pow Ang, Anna Teo and Shoeb Kagda report on the government's survey of Singapore's 1989 economic performance Yong Pow Ang, Anna Teo, Shoeb Kagda SMALL and medium-sized enterprises (SMEs) in the manufacturing sector have been slow to make capital investments in535 words
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Article, Illustration755 1990-03-01 11 SINGAPORE is in no immediate danger of pricing itself out of the market but both businesses and the government must contain costs to ensure that it stays competitive, according to Mr Mah Bow Tan. The Republic still compares favourably vis-a-vis the other newly-industrialising economies,755 words
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837 1990-03-01 11 WEAKER DEMAND for electronic products and components in the US and the European Community weighed down Singapore's export growth last year. Non-oil domestic exports, in volume terms, grew only by 12 per cent as compared with a hefty 41 per cent growth in 1988.837 words
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Article, Illustration390 1990-03-01 11 INVESTMENTS from Japan and the US are tapering off somewhat, but Singapore remains confident of attracting high-value projects from the two countries. "US and Japan will continue to remain our biggest investors," said Mr Mah Bow Tan, Minister of State for Trade390 words
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FOCUS
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Article133 1990-03-01 12 IN LINE with the "narrower" new look for the Straits Times Press newspapers, display ads will adopt 'an 8-col-umn format. Display rates and notice rates for BT will be $9.37 and $13.12 a column centimetre respectively from today. For Berita Harian, they will be $8.12 and $10.00 a133 words
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Article376 1990-03-01 12 Sangeeta Mulchand - ADVERTISING By Sangeeta Mulchand THE ADVERTISING community is reacting to Singapore Broadcasting Corporation's TV channels going stereo in August with a wait-and-see attitude uncharacteristic for an industry better known for its "me first" leanings. Increased costs are marginal and the creative possibilities "exciting", but376 words
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618 1990-03-01 12 Venetia Hands - Meetings the right way to ask for ideas MARKETING MATTERS ly Venetia Hands THE average executive spends an average of 21 weeks a year in meetings, of which one-third is time-wast-ed. There are several ways to change the way in which your meetings are conducted to make them more interesting,618 words
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Article, Illustration335 1990-03-01 12 BURGER KING is set to step into the limelight with a $1 million advertising message telling the bold to "break the rules". The campaign, which will hit Singapore screens on Sunday, is part of Burger King's effort to increase sales around the335 words
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Page 12 Advertisements
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Advertisement99 1990-03-01 12 mum C3IETOI lIHIIUI IEIJTITII CCCP Advertisements in IZVESTIA are more than just advertisements. There's now a direct route kx business wth the East. Adyerisements in IZVESTIA, the largest daft paper in the Soviet Union, are directed at the most important decision maker* n Soviet business and produce immediate inquiries. Isnl99 words
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SPORTS
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369 1990-03-01 13 Charles Savage - By Charles Savage ABOUT 60 GOLFERS hit the perfect shot each year and certainly a tournament for such sharpshooters would be highly exclusive. But a hole-in-one is as much good golf as good fortune and a 24-handicap is no barrier if Lady Luck369 words
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Article148 1990-03-01 13 AP GLENN LAYENDECKER proved too powerful for Michael Chang on Tuesday, spoiling the French Open champion's return to singles competition with a 6-4, 6-4 victory in the second round of the Volvo Indoor tournament in Memphis. Chang, who has been sidelined for the past nine weeks becauseAP - 148 words
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Article, Illustration328 1990-03-01 13 AP PETER ELLIOTT of Britain set a world indoor track record in the 1,500 metres with a time of 3:34.21 during the Placido Viagas Memorial track meet in Seville's Sports Palace on Tuesday. Elliott, winner of the same event in the recent Commonwealth Games in Auckland,AP - 328 words
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AMERICAN HIGHLIGHTS
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97 1990-03-01 13 AP DON BEAUPRE stopped 24 shots for his second shutout of the season as the Washington Capitals defeated the Chicago Blackhawks 4-0 on Tuesday in the National Hockey League. Beaupre, making his second start after missing almost a month with a sprained right thumb, madeAP - 97 words
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Article, Illustration105 1990-03-01 13 AP TOP-SEEDED Martina Navratilova remained unbeaten in 1990 by overpowering Nicole Provis of Australia 6-2, 6-0 on Tuesday in a secondround match of the U*****,000 Virginia Slims of Indian Wells tournament. Navratilova, playing in her third tournament of the year, took 49 minutes to dispose of theAP - 105 words
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Article157 1990-03-01 13 AP PATRICK EWING scored 21 points and Trent Tucker had nine straight for New York during a 30-7 second-half surge that carried the Knicks to a 110-87 rout of the Dallas Mavericks on Tuesday night. The Knicks led only 68-64 with 2:31 left in the third quarterAP - 157 words
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Article110 1990-03-01 13 AP WHILE the baseball union executive board met in Phoenix and expressed solidarity, more players said the extra year of salary arbitration was not worth holding up the season. On Tuesday, the 13th day of the spring training lockout, American League president Bobby Brown and National LeagueAP - 110 words
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Page 13 Advertisements
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Advertisement180 1990-03-01 13 For ve filled many gaps the Singapore For In property development, Park, Takashimaya's We'd Like To IT' T? Fill You In IV I J A Little I ~W*\ In acquiring development sites for Wing Tai, Korakuen, and Coronet With leasing, sales and investment services for OUB Centre, Orchard Emerald Centre180 words
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Page 14 Advertisements
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Advertisement271 1990-03-01 14 GUIDE TO GOOD F00D... GUIDE TO GOOD F00D... GUIDE T0... Didn t I see you at Scandals? H E v 1 Ik Every Monday High Fashion Night. Even Thursday Ladies Night Everv Night: The place to see and be seen. Scandals. Singapore's most sophisticated club and meeting place. For details271 words
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Advertisement323 1990-03-01 14 «w£ v* ONE NIGHT ONLY AUSTRALIA'S LEADING JAZZ VIRTUOSO JAMES MORRISON AND HIS QUINTET WEDNESDAY 7 MARCH 1990 CRYSTAL BALLROOM, 2ND FLOOR Hwt Regency© Singapore GALA CONCERT DINNER AND CONCERT $40 NETT PER PERSON $75 NETT PER PERSON (LIMITED SEATS ONLY) DINNER 7.30 PM CONCERT STARTS PROMPTLY CONCERT 9.30 PM323 words
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Advertisement219 1990-03-01 14 Z'jh- f INTERNATIONAL tllf]/ BUFFET |1 f _J L 1— 16 March \t# j rX Lunch Dinner only w L y-A r Adult: $15.50 fl £41 Child: $10.00++ 1| Cafe Plaza 113||] Plaza Hotel SIWGA»Q«£ I »A>w(Qioo»f gf iMvinwcl Beach Ro*d Sirvgapore 0719 Tel *****11 olden an<^ Hotel presents THE219 words
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Advertisement325 1990-03-01 14 I" F R/E N C The accent is on France this month at the famed Belvedere Lunch Buffet. 67 tonguetwisting and mouth-watering French specialities await you at our tables. Come and savour. H French Buffet Lunch fS Mar I—3l. Noon 2.30pm eg Adult: $36++, Child below 10: $18++ S| We325 words
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Page 14 Miscellaneous
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Miscellaneous689 1990-03-01 14 TELEVISION AND RADIO -w- -w- cor 'y*W" ing an employee. 6.45 Religious programme. RUSIMESS ON RADIQ I I n A|*ACC r\AOT* gov** 9.00 News at Nine. 7.00 CNN. PUomMaminiiwy, I 1 IN f,| |i| I IC/1 I 730 PMUnco 9.30 Miami Vke Victims of Cir- 7.331n0cW. BBC, 89.9 mfe in689 words
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LIFESTYLE
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Article, Illustration861 1990-03-01 15 Caryn James - Art imitates life as Hollywood humorists highlight death and brutality in their work now, reports Caryn James. Caryn James NYT WHEN Kathleen Turner races out of a formal dinner party, jumps in her four-wheel-drive vehicle and runs over her husband's tiny vintage sportscar, with her husbandNYT - 861 words
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Article, Illustration607 1990-03-01 15 A Surendren - By A Surendren MEET James Morrison, probably the only musician who gave a new meaning to the term "swing". At a Royal Command Performance at the Sydney Entertainment Centre, the organisers asked if James would mind very much if he abseiled in. Knowing607 words
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256 1990-03-01 15 CHAWERBOr JAMES TRUMAN, the new editor in chief of Details, is very much the image of the current Conde Nast editor. British, shy, and thin. The 31-year-old Truman, who replaced Annie Flanders, the founding editor, said Details would become a men's style magazine256 words
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Page 15 Advertisements
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Advertisement281 1990-03-01 15 GOOD FOOD Just Your Cup Of Tea. Teatime at Cafe-in-the-Park is a delight: a generous buffet spread of oven-fresh pastries, scones and other teatime treats, accompanied by exquisite blends of tea and coffee. Afternoon Tea: Monday to Friday. From 3pm to spm. 59.50 per person. fZ\ A® V J&t Century281 words
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Advertisement346 1990-03-01 15 The art of doing business. Fourchettes Business Lunch. At Fourchettes Grillroom, one of Singapore's finest business lunches awaits. The freshest oysters. Goose Rillettes and other appetizers. I Main courses from the Grill, or Roast US Prime Rib from the Carve ry Accompanied by the most exquisite Desserts, Teas and Coffees.346 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3935 1990-03-01 16 Lim Mui Khi - By Lim Mui Khi THE LOCAL MARKET closed firmer yesterday, following Japan's strong close for the second day running. But whether the rebound will see any follow-through support is anybody's guess, the prevailing sentiment being cautious. The question as to whether the Tokyo3,935 words
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STOCK EXCHANGE OF SINGAPORE 2
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690 1990-03-01 17 Lim Mui Khi - By Lim Mui Khi MALAYSIAN COUNTERS listed on Clob International, the over-the-counter market, were back in favour among retail investors yesterday. The Business Times Composite Index, which tracks both Singapore and Malaysian stocks, rose 12.07 points to 1,356.13 while the UOB OTC Index was690 words
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Article3001 1990-03-01 17 Gr's Gr's M Cap $mH 1989/90 High Low Tel Code Company Last Sale OfVol Day 000) High Low Last Quote Buyer Seller Div Div C'vr Y'ld Net P/E HONGKONG STOCKS 1 1000 980 1739 Cheung Kong 1000 760 785 715 1341 HongkongBank 750 unch 2 750 750 7503,001 words
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918 1990-03-01 17 Company Kxpiry/ ixipon < omersion period Intern! Conversion term for one ordiaan maturity payable share date Causeway low KM 6 Dec 31 Causeway Wt 1994 Oct 2. 1989 to Oct 20. 1994 i warrant phis $1 cash or 1 warrant plus {1 nominal amount918 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3353 1990-03-01 18 SHARE PRICES continued to advance on the ICuala Lumpur Mock market yesterday following improved qcrformaner* on major oversea* bourses. Broker* «*d nvwe buyers returned to the marlci cnowraftd by gains on Wall Street o*rmight and a firmer Tokyo market thr morning Brokers expect investor* to continue to3,353 words
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BT SHARE INFORMATION SERVICE
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Article602 1990-03-01 18 Singapore Stocks Last Full Year Company Pfrisd Date Ye* Not EFS Gran Net announced endr| (cafe) <*» last year (fOOO) BUT Intenm Jan 27 Jun 90 1691 100 0 516 G Sfanbes Final Feb 2 Oec 89 f 6.8(a) 768 S Steams*) Laid Final Feb 13 Oec 89602 words
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Article403 1990-03-01 18 Current Ex Boohs Date Total for Total for pay out date dose payaMe the year last year bean Fund US10t(b) Mar 7 Mar 19 Mar 26 USIOe Mm 15XTE Feb 28 Mar 12 May IS 25%lt 25%TE B A T 90 91(n) Apr 6 Apr 19 May 3403 words
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Article320 1990-03-01 18 Company Rights l*»u« A M M 8 One for tour 0 MJ2 40 per share Q4ate Mar 8 Books close Mar 22 Acceptance A Payment: NY* Bourftadco One-tor three $115 per share Ei date Ian 19 Books close Feb 1 Acceptance A Payment: Mar 19 C I C320 words
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Article313 1990-03-01 18 Company Rights Issue A Enterprises Threetor tour ft >tt2 30 per share Apofc One-tor-one >185 per shaft C I Hrttop Ksuf of 27m loan stocks the ratio of $3 loan stock for every five ordmary shares hefd F A C B Ore tor one <& M» 60 per313 words
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Article74 1990-03-01 18 tab-Malaysian Merchant Bank Berhad: EGM at Dewan Arab-Malayan. 7th Floor, Bangunan Arab-Malaysian. 55 Jalan Raja Chulan, ***** Kuala Lumpor on Monday, Mar 5, at 10.30 am. MCB Hotdhp Berhad: EGM at 16th Floor, MBC Plaza, 6 Cangkat Raja Chulan, *****, Kuala Lumpur on Monday, Mar 5, at 10.0074 words
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Article152 1990-03-01 18 BT Composite Index mnm 1990 htft 1402.22 (6/2/90) 1990 tow 1489 53 (26/1/90) 1990 tow; 1307.35 (26/1/90) 1989 1487 76 (26/12/89) 1919 high: 1322.00 28/12/89) 1989 toir 1030 69 (4/1/89) 1989 toir. 917.42 (4/1/89) 1988 fyt 1177.87 (8/8/88) 198S Nfh: *****6 (8/8/88) 1988 tow. 833.61 (4/1/88)152 words
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REGIONAL STOCK MARKETS
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Nikkei Index sees 7th largest one-day gain
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Article, Illustration792 1990-03-01 19 SHARE PRICES closed sharply higher in active trade in Tokyo yesterday, furthering Tuesday's rebound as investment trust funds, arbitrageurs and individual investors bought on the indices and in individual stocks. Share prices finished off their peak, however. "The widely held perception that the market hit its bottom on Monday792 words
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Article1078 1990-03-01 19 HONGKONG'S main stock index closed firmer yesterday supported by very selective bargain-hunting in a few blue chips with local investors seeming more cautious than overseas institutions. The Hang Seng index ended 19.36 up to 2,951.98 and the Hongkong index gained 12.62 to 1,936.63. Turnover was HKSI.22 billion compared with1,078 words
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Article137 1990-03-01 19 AUSTRALIA'S share market struggled to a slightly firmer finish in thin trade yesterday, largely ignoring yesterday's surge in Tokyo's volatile Nikkei index. The All Ordinaries index finished 8.6 points up at 1,574.8. "Turnovers were abysmally low and the market wasn't taking much interest even in Japan, which wasn't doing137 words
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Article118 1990-03-01 19 CAUTIOUS selling depressed Philippine shares slightly yesterday following the arrest and detention of opposition leader Juan Ponce Enrile on charges of trying to overthrow President Corazon Aquino. The Manila Stock Exchange composite index closed at 1,015.95 points, down 5.90 from Tuesday's 1,021.85. "People perceive this development as a little118 words
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Article191 1990-03-01 19 THAI stocks closed broadly higher yesterday as bargain hunters returned on news of strong performances by the Tokyo and New York markets. TTie official SET Index rose 8.94 points to close at 813.67. Gains outnumbered losses 120 to 26. Most active were Manager Company, Asahi Glass and Star Block.191 words
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Article64 1990-03-01 19 THE prices index on the Jakarta stock exchange rose 5.98 points to 504.26 yesterday and turnover jumped to 2.28 million shares from Tuesday's 1.98 million. "The market is very encouraging, especially individual investors. I see it will continue so (today)," one said. Chemical company Jafpa topped the market's turnover64 words
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Article50 1990-03-01 19 ANOTHER encouraging performance on Wall Street saw leading New Zealand shares close moderately higher in extremely light trade yesterday. The Barclay's index estimate finished 15.07 points higher at 1,777.64, after improving 23.28 points on Tuesday. Brokers said business was quiet, with 5.79 million shares, worth NZ511.49 million, trading.50 words
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Article367 1990-03-01 19 TAIWAN stocks ended higher across the board yesterday as investor confidence increased, buttressed by gains in the Tokyo market and calmer domesticpolitics. The weighted index rose 230.53 points, or 2 per cent, to end at 11,661.73. Turnover was NTS 137.2 bf£** lion against NTS 125.1 billion on Tues-. day.367 words
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Article59 1990-03-01 19 BOMBAY share prices finished broadly lower yesterday. "There were strong rumours of an impending rise in petrdl prices soon," a broker said. "Investors were also worried the government would impose heavy levies on automobiles and luxury goods in the coming budget." The Bombay Stock Exchange inde* fell 4.35 points59 words
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Article209 1990-03-01 19 Reuter SEOUL stocks seesawed through the day on rumours, none of them confirmed, that the government would move to boost the market, perhaps tomorrow after the market holiday today. The composite index opened weak and rose over eight points by midmorning before dropping back in afternoon profit-taking, ending theReuter - 209 words
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Article312 1990-03-01 19 Australia Feb 28 Cents Feb 28 Cents Aberfoyle 440 +10 Horn estate 155 unch ACM 210 -5 Hoyts Ent 15 unch ACM Gold 175 +5 Hoyts Medta 12 unch Advance Bank 465 unch ICI 574 -4 Adsteam 526 -2 Ind Equity 221 -I A lean 227 unch Jennings 198 unch312 words
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Page 19 Advertisements
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Advertisement83 1990-03-01 19 WANTED Wish to buy car carrier vessel. Capable to carry about 450 cars Send details and offer to: The Manager Fax No: 65-*****72 iiBBHr f »i fCi 1 1 a r J J d $4 A MONTHLY MAGAZINE OF BOSINESS TRENDS Singapore, Hongkong as region's stockmarkets? Special report: Japan's yen83 words
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WORLD STOCK MARKETS
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Dow ends 14 points up in second straight gain
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Article, Illustration849 1990-03-01 20 VALUE-SEEKING investors snapped up semiconductor, airline and brandname issues, lifting the US stock market to its second gain in a row. Technical and futures-related buying provided additional fuel to the rally. The Dow Jones Industrial Average closed up about 14.64 to 2617.12. Gainers led losers by about three849 words
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Article, Illustration787 1990-03-01 20 LONDON shares opened broadly mixed yesterday, reflecting general reluctance to take a decisive view of the market before UK January trade figures, due at 1130 GMT. Dealers said they were encouraged by the 15-point gain on Wall Street on Tuesday and a recovery in Tokyo yesterday. "But no one787 words
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Article255 1990-03-01 20 DUTCH share prices rose in moderate early trade yesterday with Royal Dutch leading the gainers adding 0.90 guilders to 144.20, dealers said. "There is not a lot of activity but another firmer close in Japan is helping us," dealers said. In Tokyo the Nikkei index leapt 2.05 per cent,255 words
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Article161 1990-03-01 20 ITALIAN shares were slightly higher at midmorning yesterday, but volume was thin in a featureless session, brokers said. The MIB index was up 0.6 per cent at 1100 GMT after opening 0.4 per cent higher. Among blue chips, Mon- tedison and Fiat showed early gains and Enimont edged down161 words
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Article161 1990-03-01 20 WEST German shares recovered early losses during a moderate Frankfurt session yesterday, with most shares ending higher than Tuesday's closing prices. The DAX index of 30 leading shares closed 5.60 points higher at 1809,92 points. Earlier in the session the index had dropped as much as 8.26 points below161 words
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Article293 1990-03-01 20 SWISS shares opened little changed in fairly quiet trading yesterday as the market continued Tuesday's recovery after recent losses. The positive trend on Wall Street on Tuesday and gains in Tokyo yesterday had a positive impact on market sentiment. Dealers expect share prices to rise further in the course293 words
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Article535 1990-03-01 20 Brussels FEB 27 FRS FORWARD MARKET Accc 4870 30 Arbed 4350 80 A«ur 1142 +12 Bra scan 710 +20 Canpac 708 +20 Cock 174 +2 De Beers 642 10 Ebes 4025 unch Gb-lnno-Bm 1202 -10 (icvacrt 8150 +140 Gr Bru Lamb 3870 unch Hobok Petro ***** 200 Ryl Dutch 2650535 words
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Page 20 Advertisements
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Advertisement360 1990-03-01 20 NOTICES IN THE MATTER OF HOLDER TRADING SERVICES PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that a Final General Meeting of the members of the abovenamed company will be held at the office of360 words
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Advertisement266 1990-03-01 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SURWIN SECURITIES PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of Surwln Securities Pte Ltd duly convened and held at the Registered Office, 10 Anson Road #33-03 A, International Plaza, Singapore266 words
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Advertisement239 1990-03-01 20 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME We, Consort Bunkers Pte Ltd of 80 Marine Parade Road, #12-09, Parkway Parade, Singapore 1544, hereby give notice that In consequence of our Intended purchase of the vessel MT BINTANO JAYA 11, we have applied to the Registrar of Singapore Ships, under239 words
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Advertisement106 1990-03-01 20 Based on the research that developed the successful Collins COBUILD English Language Dictionary jig 16.90 Now helping even more learners with Real English over 43.000 references almost 50.000 ml example) detailed treatment of the essential words and meanings of modern English words and meanings explained clearly and simply in full106 words
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MONEY AND COMMODITIES
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1228 1990-03-01 21 FOREX MARKET REPORT THE US dollar closed mixed in quiet trading in the Asian foreign exchange markets yesterday. It rose against the German mark but eased against the yen. Many dealers refained from taking active positions in the market owing to fears1,228 words
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Article389 1990-03-01 21 UOB cross rates 2« US$ S$ MS Dm Yen SFr AS NZS USS 1.8685 2.7020 1.6920 148.50 0.5931 1.4850 1.3141 1.6964 SS 0.5352 1.4461 0.9055 0.7948 0.3174 1.7948 0.7033 0.9079 MS 0.3701 69.15 0.6262 0.5496 0.2195 0.5496 0.4863 0.6278 Dm 0.5910 1.1043 1.5969 87.77 0.3505 0.8777 0.7766389 words
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Article525 1990-03-01 21 Broker rates Feb 28 s$ Bid Offer Overnight 4 4 1/4 1-month 5 15/16 6 1/16 2-month 6 1/16 6 3/16 3-monmth 6 1/16 6 3/16 Overnight mode: S-l/2 US$ Bid Offer 7 days 8 1/4 8 3/8 1 month 8 5/16 8 7/16 2 months 8 5/16525 words
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321 1990-03-01 21 GOLD should trade in a narrow range in the short term, supported by strong buying interest on dips and capped by a strong dollar, Tokyo traders said. "Trading for the next few weeks will depend on the appreciation of the dollar against321 words
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Article, Illustration617 1990-03-01 21 Reuter OIL PRICES may be at or near US$3O a barrel by the mid-1990s in a much faster advance than foreseen only a short while ago, according to a growing number of energy analysts. The analysts cite rebounding demand, decliningReuter - 617 words
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Page 21 Advertisements
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Advertisement109 1990-03-01 21 FOR IMPORTERS AND EXPORTERS. SHIPPING TIMES covers all aspects of Cg) local and international shipping (except, of course, the really technical aspects). 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 carry up-to-date news109 words
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Article1455 1990-03-01 22 SIMEX Feb 28 EUftOOOLLAJt Open High Low Sett Est Vol Op/lnt Vol Mar 90 91.64 91.65 91.63 91.64 lUi ***** 2^5 Jun 90 91.64 91.64 91.63 91.64 4045 ***** ***** Sep 90 91.52 91.54 91.52 91.53 689 3012 1947 Dec 90 91.35 91.36 91.33 91.36 2851,455 words
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Article1411 1990-03-01 22 Rubber SoeniVkt Noon Close Int I RSS Prompt I55.00/I5600N 154.SCV1 SS.30 Int I RSS Mar 90 157.00/158.00 156.50/157.50 Int I RSS Apr 159.75/160.25 159.50/160 00 Int 2 RSS OP 152.00/154 OON 152.00/154 OON Int 3 RSS OP 146.50/148.50N 146.50/148.50N Int 4 RSS OP I42.50/I44.5ON 142.50/144 SON Int 51,411 words
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Page 22 Advertisements
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Advertisement39 1990-03-01 22 GET THEM NOW! i C. i f ~J:< v v-, .y"• «v -—4 *~~4TW:~;.-w... I #ir I -J From Your Newsvendor, Newsstand At Times The Bookshop Published by Times Periodicals Pte Ltd. A member of the Straits Times Group.39 words
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Advertisement15 1990-03-01 22 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.15 words
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THE TRAVEL PAGE
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Article1026 1990-03-01 23 City Flight ETA Flight ETD Abu Dhabi GA975 1135 GA894 2335 Adelaide SQ228 1905 QF82 2200 QF81 2045 Amsterdam SQ23 0755 SQ24 2150 GA975 1135 GA894 2335 Athens 0A472 0050 0A472 0130 SQ32 2230 Auckland BA11 1445 SQ325 2115 Bahrain BAH 1325 QF5 2230 BaUkpapan GA5251,026 words
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Article, Illustration584 1990-03-01 23 Jill Serjeant - LETTER FROM VENICE By Jill Serjeant SILENT figures in expressionless white face-masks, three-cornered hats and long black capes emerge through the evening mist sweeping off the lagoon into St Mark's Square. Musicians stroll through narrow canalside alleys to the Rialto bridge while "courtesans" in584 words
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Article119 1990-03-01 23 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Mar 3-8 Barcelona Barcelona Feria de (34)3/*****01 Mar 6-10 Lyons Lyon, C rrtr l xpci (33)*****344 International Barcelona, International France Eurcxpo Fair F.O.I.M. Fair Professional France Eurexpo Days Mar 3-8 International West AMK Berlin (49)3<V***** Mar 9-19119 words
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Article153 1990-03-01 23 Rates as at 3pm yesterday. Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4100 1.4300 Canadian dollar 1.5500 1.5700 NZ dollar 1.0740 1.1340 Sterling pound 3.1310 3.1510 US dollar 1.8640 1.8740 Local dollars to 100 units of foreign cwrncy Austrian schilling 15.30153 words
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Page 23 Advertisements
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Advertisement59 1990-03-01 23 TW X Th* butineu perotM choice every Tueiday, L# m I m I Thunday, Saturday and Sunday. Leav mg (hangi I I II II I Airport at 21:55 hours and arriving at Logan J I J I InternationaJ Airport the following day. Call your travel agent or Air Canada at59 words
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Advertisement431 1990-03-01 23 Regional Ambitions The Stock Exchange of Singapore and the Hongkong Stock Exchange are set on becoming regional bourses for South- I east Asia. Singapore is building an over-the-counter market Ja a for other countries' companies, while the British colony is tjjTA £-> trying to win more listings for corporations based431 words
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Page 23 Miscellaneous
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Miscellaneous236 1990-03-01 23 From today, a new puzzle for crossword fans. The Cryptic Crossword puzzle, which was previously run in Section II of The Straits Times, replaces the Two-In-One Crossword. ACROSS 1 Feed so often, perhaps, be- MBi *5 I 5 I G I S I jS IHHHH supercilious (6-5) 11 Money more236 words
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Miscellaneous218 1990-03-01 23 Singapore OUTLOOK: Fair and warm. Report for 24 hours prior to 7.30pm on Feb at the airport: Max temp 33.7 Assoc humidity 44 Min temp 24.0 Assoc humidity 89 Hrs of sunshine 10 J5 Rainfall in mm nil Rainfall this mth 24.1 Rainy days this mth 7 S a Max/218 words
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Miscellaneous22 1990-03-01 23 Li 5 k tonp< LOHUJE my rvSS Pzejfy of Kl££Np&4ON€ J \S PoOND'NG IS IN THC C KVtW—O tTWWMJttCO. LIP, mj-i— 8122 words
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447 1990-03-01 24 Magdalene Ng - By Magdalene Ng SIA LENG YUAN, substantial shareholder in two local-ly-listed companies Sunshine Allied Investments and Causeway Investments has set his sights on a listed Hongkong company. Sources yesterday said the naturalised Singaporean is planning to take over a Hongkong firm and use447 words
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Article, Illustration69 1990-03-01 24 SOMETHING in the way Superskill Graphics did IT: National IT (information technology) awards winner Superskill Graphics' managing director Mrs Tan Soo Buay (abore) with business adviser husband Mr Kelvin Tan. The company, together with DHL International and the Port of Singapore Authority, beat 84 other organisations to69 words
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205 1990-03-01 24 AFP PETRONAS, Malaysia's national oil company, has signed letters of intent with BP Plastics Ltd and Idemitsu Petrochemicals Co Ltd of Japan to set up two petrochemical plants. Petronas president Tan Sri Azizan Zainul Abidin said at the signing ceremony in Kuala LumpurAFP - 205 words
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275 1990-03-01 24 Bernama PETRONAS hopes to conclude oil exploration agreements with Vietnam and Myanmar soon, its president, Tan Sri Azizan Zainul Abidin, said yesterday. He added that Petronas would not undertake the exploration alone but would participate with other interested parties to spread theBernama - 275 words
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802 1990-03-01 24 KENNETH JAMES - The Bottom Line KENNETH JAMES Kenneth James is the Business Times economics correpondent. RULC. Try pronouncing it. It could just be the sound of a very mixed-up animal; but it actually stands for Relative Unit Labour Cost. RULC is a measure802 words
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Page 24 Advertisements
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Advertisement94 1990-03-01 24 Tasty Teochew at Chao Zhou ;|g GtUm Phanw BrS*® CHAO ZHOU RESTAURANT Ej&jhgMH Level 6 UIC Building M ShenlonWdy fel 225 6355 k I 6ERRUTIIBBI ITUM39 MEN'S BOUTIQUES 83UQITUO0 B'UHM #01-15 The Paragon, Orchard Road Tel: 235 9655 #02-54/60 Wisma Atria, Orchard Road Tel: *****60. #01-45 Forum Galleria, Orchard Road94 words
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Advertisement7 1990-03-01 24 Innovest eyes Sunshine Allied stake, Page 47 words
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Advertisement13 1990-03-01 24 Asif Petroleum unit may soon team up with PetroiULs, Shipping Times Page One13 words
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Advertisement120 1990-03-01 24 Fresh delights at Kampachi ttTvIKAMPACtfr 1 KOUumih LpvH 6 UIC Building Shenton Way Tef 222 4615 hih^ Dauphin Sitzkultur A HEALTHY BACKBONE IS ESSENTIAL FOR PERFORMANCE. Distinguished design and highquality materials express the iderv tity of a company Masterline is a programme of executive chairs. Mastortin* promotes pleasure and motivation120 words
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SHIPPING TIMES
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PORT SIDES
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60 1990-03-01 25 Reuter FINNISH STATE-CONTROLLED oil company Neste Oy said its Neste Shipping division placed an order for a 140,000 deadweight tonne oil tanker with South Korea s Daewoo Shipbuilding and Heavy Machineries, part of Daewoo Corp. The double-hulled vessel should be delivered in December 1991Reuter - 60 words
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46 1990-03-01 25 Reuter GEBR BROERE BV, a unit of Dutch transport and storage firm Pakhoed Holding, has ordered a bulk chemicals tanker from Verolme Scheepswerf Heusden BV. The order is worth some 35 million guilders and will be completed by mid-1991. ReuterReuter - 46 words
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73 1990-03-01 25 AFP JAPAN'S EXPORTS OF CARS, trucks and buses dropped 6.6 per cent in January from a year earlier to 499,518 units, the fifth monthly decline, the Japan Automobile Manufacturers Association (Jana) said on Tuesday. The association attributed the drop to an 11.4 per centAFP - 73 words
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75 1990-03-01 25 Reuter THE CRIPPLED SINGAPOREAN freighter Toledo, 15,328 dwt, was drifting without crew or lights about 50 miles west of the Scilly Isles on Monday night after the tow line connecting it to a salvage tug parted in heavy seas, Lloyds Shipping Intelligence Service said.Reuter - 75 words
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56 1990-03-01 25 Reuter A KUWAITI TANKER WAS TOWED away from oil terminals off Sharjah on Monday after further leakages of its cargo intensified fires on board, Lloyds Shipping Intelligence Service said. The 69,991 dwt US-flag Surf City was towed out of the Gulf and into internationalReuter - 56 words
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48 1990-03-01 25 Reuter THE CHIOS, a 40,630 dwt Greek tanker, struck a bridge in New York on Monday, Lloyds Shipping Intelligence Service iaid. The vessel continued to the Bayridge Flats anchorage for an assessment of any damage. The bridge suffered slight damage. ReuterReuter - 48 words
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88 1990-03-01 25 Reuter FRENCH EXPORTERS BEGAN taking steps to avoid losing European Community export certificates covering sales of about 350,000 tonnes of barley to the Soviet Union, shipping sources said. The exporters requested authority to pass the merchandise through French customs and into warehouses. ECReuter - 88 words
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55 1990-03-01 25 Reuter THE 900-DWT ANNELIESE was grounded on the island of Texel off the Dutch coast early on Tuesday afternoon, a coastguard spokesman said. The St Vincent and Grenadines registered ship was abandoned by its six-man crew on Monday after its bridge collapsed in severe galesReuter - 55 words
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419 1990-03-01 25 OTHMAN ABU BAKAR - By OTHMAN ABU BAKAR CONGESTION has built up at Johor Port in Pasir Gudang due to a sharp increase in liquid bulk cargo shipments and a corresponding shortage of berthing space. Ship agents complain that vessels have to wait as long as a419 words
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Article, Illustration462 1990-03-01 25 JEAN FOONG - By JEAN FOONG A SINGAPORE company may soon team up with the Malaysian national oil corporation, Petronas, for oil exploration work in the South China Sea. Asif Petroleum (Singapore) is set to form a Malaysian subsidiary with bumiputra company Budisukma Sdn462 words
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258 1990-03-01 25 THE US Justice Department on Tuesday handed down a tive-count criminal indictment against Exxon Corp in connection with a massive oil spill that fouled Alaska's coastline last spring. Attorney General Richard Thornburgh said at a news conference in Washington that if258 words
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Article, Illustration790 1990-03-01 26 FT THREE MASSIVE ecological disasters resulting from oil spills in the past year have intensified the debate over tanker safety and construction standards The anniversary soon of the Exxon Valdez oil tanker spillage off Alaska, the bigger spill from the Kharg-5 IranianFT - 790 words
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Article788 1990-03-01 26 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the788 words
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Article942 1990-03-01 26 ABC Contamerlme Thirteen S Accord Shpg Tax 3-5 Albatros SeaAir Seven 5 A PC tine Seven 5 API Five 3-5 AFS Thirteen 3 Arrow lines Nine 5 < Asian Express Six 4/5 ANl Three 1/2 ASCI fi»« 1 Avont Shpg tine Six 2/3 Bolt Canodo line Eleven942 words
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Article1994 1990-03-01 26 AT CONVENTIONAL WHARVES io<om Mom *****0 M3A 0103/ 0*00 0103/ 2300 VmmI VoyNo Bar*) Arrival Daoartura Iok» 0302*0 m38 oi ox owe wav 2300 J Stow* I 08,50 M28 0103/ 0700 0803, 2300 IrrnAM *004 M28 28 02 2030 01 OX 0*00 toko* 3 303/10 M4A 2802;1,994 words
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Article1009 1990-03-01 27 CHARTERING conditions on the dry cargo freight market were fairly quiet on Tuesday, although the Baltic Freight Index rose 10 points to 1.603 Brokers said this mainly reflected a firm rate paid on the US Gulf/Japan grain route, reported late Monday, at U5526.50, up US$l from last business1,009 words
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10345 1990-03-01 32 AARHUS Sriwi|aya. D|»»«g»tn. Feb 26; March 1. City of Edinburgh. Trlot. March 1. Luna Ma*rtn. Maerak Line, March 1. Villa da Mara. CM O'Alfretement. March 2. Noraala Paarl. Noraala Lina, March 4. Ming Moon. Yang Ming Lina. March 4 Selandia ScanOutch.10,345 words
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345 1990-03-01 38 RAHITA ELIAS - By RAHITA ELIAS THE INTERNATIONAL Committee on Seafarers' Welfare (ICSW) will for the first time set up a regional subcommittee in the Asia-Pacific, says Mr Ake Selander. The assistant general secretary of the International Transportworkers' Federation (ITF) told Shipping Times345 words
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184 1990-03-01 38 AFP ORDERS FOR JAPANESE shipbuilders doubled in 1969 from the previous year to 9.7 million gross tonnes or 741 ships, half the world market, the Japan Ship Exporters' Association reported yesterday. South Korea was ranked second with orders totalling 3.223 million gross tonnes or 120AFP - 184 words
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Article, Illustration334 1990-03-01 38 JULIE CHATTERJEE - By JULIE CHATTERJEE INDIA'S SSBSO million worth Nhava Sheva Port Trust has overcome a threat from the All-Indian Port and Dock Workers' Federation to go on an indefinite strike last month. In an exclusive interview with Shipping Times, a confident Anna334 words
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219 1990-03-01 38 Lloyd's List CUBA HAS BECOME the latest country to consider taking advantage of positive developments in the shipbuilding market by opening up new capacity. The Havana government is understood to have employed British maritime specialist A P Appledore to explore the possibilities ofLloyd's List - 219 words
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Article505 1990-03-01 38 Jan 15-Sept 30 Diploma In Shipping 6 Port Management Conducted by Port of Singapore Authority at Training Department, Tanfimg Pagar Complex. Tel: *****28. Feb B*Apr 20 SFFA Standard Trading Condltlone gives an overall perspective of these conditions, conducted by the Singapore Freight Forwarders Aeeoclstton. The Manager, SFFA, 7500505 words
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Page 25 Advertisements
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Advertisement226 1990-03-01 25 How to look after Available waikty at major STP Distributors bookshops and ntws-stands The Index to Advertisers has been moved to PAGE TWO today T INTERNATIONAL FREIGHTBRIDGE PTE LTD 70 Shenton Way Marina House #13-02 Singapore 0207 Tel: *****80(3 lines) Fax: (65) *****96 Tlx: RS 2332SIFBSfN I We are the226 words
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Advertisement192 1990-03-01 25 toaya A lively HHHWway with wrn words good bookwhop* PubJtcstton* Dabata on oil tanfcar safety Intantlflat, PAGE TWO WE GIVE YOU AUSTRALIA Nedlloyd Lines yMßMqpj^sMPaßa EsttWtsh«3 m Singapore smc« '888 I |^lli—uT 1 I Sailing every 8 days to the East Coast Every 14 days to the South West Coast192 words
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Advertisement127 1990-03-01 25 INSIDE Oil spills and tanker safety THREE MASSIVE ecological disasters resulting from oil spills in the past year have intensified the debate over tanker safety and construction standards. Page Two ICSW regional subcommittee THE INTERNATIONAL Committee on Seafarers' Welfare (ICSW) will for the first time set up a regional subcommittee127 words
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Page 26 Advertisements
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Advertisement35 1990-03-01 26 Lines and services represented by Members of the Registry ol Accredited Shipping Agents, Singapore National fjff/J Shipping Association. v^jy/ For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821/253-1198, Tlx: ***** BTAD35 words
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Page 27 Advertisements
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Advertisement2299 1990-03-01 27 JARDINE SHIPPING AGENCIES 200 Cantonment Road #12-05 Souttipo.nl. Smppore Q2OI Te) *****11 TELEX NO OS ***** ■VCXXnH TERMINAL/CFS T«H *****18 220 r T bookings tm *****34 235 ■H M PESAKA JARDINE SHIPPING AGENCIES SON BHD Hi PORT KELANG TEL *****U TELEX NO MA*****/MA***** PI- iL~ c nnS PENANG TEL *****42,299 words
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Advertisement2262 1990-03-01 27 VhM Voy ETA ETD 'Port ■penang K«i«ng DESTINATIONS tm* mm loum m cioJLg twm fhm by cv i-vw (moo hrs m fmrxxt CFS VMO I*oo HRS M Tauro OAK |LQB MCKJ MEM ATI MIA CHS BAL PML KYC MON TOR LAURA M 9004 6/3 I 7/3 ImPt I 3/3 124fi2,262 words
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Page 28 Advertisements
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Advertisement1154 1990-03-01 28 r M I W g I V I B A w ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE CITY OF EDINBURGH 88/524 1/3 28/3 20/3 22/3 19/3 2V3 LIVERPOOL BAY 97/528 7/3 9/3 27/3 29/3 31/3 1/4 3/4 KASUGA 08/527 8/3 2/4 27/3 29/31,154 words
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Advertisement594 1990-03-01 28 SOUTH PACIFIC SERVICE SIN POM LAE SUV PPT CAPE MALEAS 30/3 13/4 18/4 27/4 2/5 DIRECT CHILE SERVICE SIN IQQ ANF VAP CAPE MALEAS 30/3 18/5 22/5 NORTHBOUND TO UKC IS'POUE ROM/A DAM HBG HULL (U.K.) FORTH BANK V.2SN J/3 21/3 3/4 7/4 IVYBARK VJM 20/3 15/4 20 4 24/4594 words
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Advertisement1466 1990-03-01 28 El niaßia &stm. regular independent full container service- WESTBOUND FOR EUROPE VSL/VOY SIN CLM PRS ALG BCL FEL HAM BRE ROT ANT LHA (VIA (VIA (VIA ALG) NAM) ton NORASIA PEARL »49 3 04/03 06/03 20/03 24/03 2S/03 30/03 31/03 01/04 02-04 M/ 01 NORASIA PRINCESS 9001-3 13/03 ?6 031,466 words
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Page 29 Advertisements
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Advertisement1650 1990-03-01 29 S>gSteamers Maritime Holdings Ltd W* P&O mjm STRAITS SHIPPING I Containers Slm US*'J <mi S port PKlanj S ton H'burf B'llavtn R'darn Le* ACCEPTS DUE SAILS LONDON EXPRESS 2MB OMB 20(03 Z2,<B 2403 2MB 27/03 CARGO CITY Of EDINBURGH OMB 2MB 20(03 2258 I*o3 2MB KB p, LIVMPOOI BAY <am1,650 words
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Advertisement2174 1990-03-01 29 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL SEKI ASIAN ASIAN KOCHI CLIPPER STAR VOY. NO 78 122 111 Spore 5/3 11/3 18/3 P. Kelang 14/3 21/3 Penang Hong Kong Yokohama 30/3 15/4 Nagoya 1/4 Osaka Senboku 3/4 Kashima Funabashi 'For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE2,174 words
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Page 30 Advertisements
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Advertisement591 1990-03-01 30 IRANIAN SERVICE Singapore Loading lor:A VSL In *»rch IRAN TEYFOURI 15/3 Banda Ab6as (National Line Of Maxlca) U.S. WEST COAST/MEXICO/CENTRAL AMERICA CONTAINER SERVICE HKG LB ENSENADA L CARDENAS S CRUZ MANZANILLO sew s S iw NKMTCMEY V-fll W3 12/3 W 1W *g 2W TOLUCA V-10 3M 22J4 214 »4 JIM591 words
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Advertisement897 1990-03-01 30 6ft HANJIN SHIPPING yy FULL CONTAINER SERVICE I S port I LeNevre ftdim H'kurf B heven f itewe ruOCR WL °f!J QUEEN'S WAY BRIOCt 013W 3/3 21/3 22/3 23/3 25,3 2W OgAMfjfl 2 M HANJIN LE HAVRE 0«W 10/3 28 3 29/3 30/3 1/4 2/4 0.3 M. MOULIOH 4 4897 words
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Advertisement1531 1990-03-01 30 mmmsmam I. SCP HKC KSC KLG PUS MKT OSK TYO SAL LHV ANW ROM fix MiC SCP EVER GOLDEN 1/3 2/1 7/1 W W 12/1 14/1 14/1 11/1 U/4 24/4 25/4 W 27/4 2*4 2M EVER GLOBE VJ 7/3 14/3 1W W M 21/3 21,3 24 3 20« 3C <1,531 words
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Page 31 Advertisements
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Advertisement1072 1990-03-01 31 m*'' PACIFIC INTERNATIONAL LINES (PTE) LTD SfSESmSSm U tm Jhv pil Building, 140 Cecil Street #03-00, Singapore 0106, Tel: *****33 VESSEL VOY SIN JKT SBV VOY SIN HKQ YOK MGO HOB BUS K« KAO MKG HA I QUANG 2MB SCO 3/03 1/03 26M8 13/03 10/03 20/03 22/03 24/03 24/03 KOTA1,072 words
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Advertisement763 1990-03-01 31 I EXPRESS CONTAINER SERVICE TO UK/CONTINENT SP PK STO*l HAH B'HAVEM DOAM HAVRE London (.»row So. ted 1/1 Ml 22/1 2*l 2*l 27/1 City 04 In (VI 2*3 2*3 22/3 IM 2» Ltvorpoo' by 7/1 1/1 27/3 2*3 U/l 1/4 1(4 Kjwgi I 1/1 2|4 27/4 2*3 2*3 1/4 Bonn763 words
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Advertisement528 1990-03-01 31 DJASAGETRI A Joint Europe Servtc« Of: P.T. DJAKAITA LLOYB P.T. ttSMI LLfYI FT. SMWKM IMIOIfISIA P.T. TBKMft LLIYI CR HBR 11******000-0 EXPRESS SEMI-GOUTAINERSNIP SERVICE VSL/VOY SPORE I'M* H'BURC BREMEN MMW ADAH sriwijaya7iwb *7/2-2/3 W JW V* LI BOHTANC/20»B 15-1 M I*4 21,4 14/4 ZJt* KUTAiam a/4 m w S PANJANC/2SWB528 words
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Advertisement403 1990-03-01 31 I j.m Mill J Jl!leflcmaT3M tfgk MYANMA g FIVE STAR LINE (Burmese National Lin*) v Loading lor YANGON t m S pore P.Kelang Penang Bangkok PATMEIN VfM SaiM V* MA* BERCUI v/v a FEB/1 MAR MPAAN/VI47W 10/12 FIB Z NTOKVwA V2SJM IN PT/5 MAR PAGAN V/10M UfHMI i ■g> THI403 words
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Page 32 Advertisements
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Advertisement298 1990-03-01 32 M WEEKLY STRAITS/MADRAS CONTAINER SERVICE DAILY LCL RECEIVING AT OWN CFS 1 (FEEDER) VESSEL P.KELANG SPORE PK MADRAS 20/2 LEUVE 9119 26/2 3/3 IE 27/2 MELITA 9005 5/3 6-7/3 8/3 14/3 6/3 LEUVE 9120 13/3 18/3 BOOKING: MACOLINE S PORE *****11 PK (03) *****77 PEN (04) *****6 A A fli298 words
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Advertisement346 1990-03-01 32 /HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN NKC LBH OAK SEA FROM PSW LBH OAK St* NEC S>< HYUNDAI PIONEER 301 02/03 OMI3 ***** 29/03 01,04 HYUNDAI EXPLORER 2«W 29/01 01TO 04m 22,(03 01, TO LALANDIA 30E 09/03 15/03 02/04 OSW OMM HYUNDAI346 words
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Advertisement20 1990-03-01 32 DIRECT TO FREMANTLE GERALDTON FCL, LCL, REEFER BREAKBULK HEAVY LIFTS NEXT SAILING KAPITAN VOY. 10S SIN: 13/03 SILIN FRE: 21-24/0320 words
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Advertisement65 1990-03-01 32 CCNI# Compartia Chilciu de Navegacion Interoceanica S.A. k TO SOUTH PACIFIC PORTS SIN POM LAE SUV PPT CAPE MALEAS 29/3 11/4 14/4 20/4 27/4 DIRECT CHILE SERVICE SIN IQQ ANF VAP CAPE MALEAS 29/3 12/5 13/5 16/5 AGENTS B BORNEO SHIPPING PTE LTD MAS BULDMG f1&03A7 tTWTJJTTTI 10 SHEMTOH WAY.65 words
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Page 33 Advertisements
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Advertisement821 1990-03-01 33 BSE InterCoa as s MARITIME ITK I WEEKLY FCL/LCL TO: FAR EAST JAPAN EUROPE FIJI ISLAND KAOHSIUNG —11/3 TOKYO 8/3 LE HAVRE —12/3 LAUTOKA —16/3 KEELUNG —11/3 YOKOHAMA 8/3 ROTTERDAM —12/3 SUVA —16/3 MANILA 9/3 KOBE 8/3 UK PORTS —12/3 BANGKOK —12/3 HAMBURG —12/3 BtfSAN 8/3 GOTHENBURG —12/3 HONGKONG 8/3821 words
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Advertisement696 1990-03-01 33 jg? Nedlloyd WE GIVE YOU THE WORLD Nedlloyd Lines S&wjwj NEW ZEALANP/FUII I VESSEL P.K| *Pen *Bfck Sin S baya Auckland FiJioS)^ -^^^^C^o^rAT B) SwJ.n(B) Lpef H 28/2 «/3 nn nn w m m zb w a <2 h 32 v* N. Rosario/*O4 14/3 17/3 14/3 14/3 16/3 ZI/3 3/4696 words
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Page 34 Advertisements
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Advertisement1139 1990-03-01 34 JttiSilfl VOY 'INDO "PK/PNG iSGP LB CHLS NFK NYC HFX NEPTUNE JADE 23 26/2 27/2 1/3 24/3 3/4 5/4 7/4 11/4 OOCL FORTUNE 19 5/3 6/3 »/3 31/3 10/4 12/4 14/4 IS/4 AMBASSADOR BRIDGE 27 12/3 13/3 15/3 7/4 17/4 15/4 21/4 75/4 NEPTUNE GARNET 23 19/3 20/3 22/3 14/41,139 words
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Advertisement1633 1990-03-01 34 ETD SIN (1 DAY) d MY) *(1 DAY) CHRIST NE/ r 02/03/90 PORT KELANG PENANG BANGKOK VICTOR ■■■Ik. TWICE/WKLY 1 BOOKING CONTACT w ETD S N <3 DAYS) (2 DAYS) (1 DAY) <MS^> 04/03/90 HONGKONG KAOHSIUNG KEELUNG JOVCE/JUOY —TWICE/WKLY c TD cim (6 DAYS) DAY) ♦(4 DAYS) I S/raS BUSAN1,633 words
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Page 35 Advertisements
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Advertisement950 1990-03-01 35 yd NEPTUNE AGENCIES PTE LTD SINGAPORE yyyl (CR No: **********0 E) Mlia Bookings: UK/EUROPE *****19, AUST/INDIA/PAK *****18 yySpal USA *****16, FAR EAST-*****48 m Documentation: *****44/*****14 gap M%m mm t *****22 CFS: M 2 gsa?; S dZcr NEPLINE SON BHD MALAYSIA K.l. *****33, P.Kelang *****87, Penang-*****0, J.Bahru *****3, *****4 Itflll&f IllllliS'950 words
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Advertisement371 1990-03-01 35 3! TEL: *****55 FAR EAST SOUTH ASIA EUROPE KAOHSIUNG 4/3 COLOMBO 9/3 ANTWERP 5/3 KEELUNG 4/3 BOMBAY 3/3 BREMEN 5/3 HONG KONG 5/3 KARACHI 3/3 HAMBURG 5/3 MANILA 4/3 MADRAS 5/3 LE HARVE/LONDON 5/3 BUSAN 13/3 CHITTAGONG 4/3 FELIXSTOWE 5/3 BANGKOK 4/3 CALCUTTA 5/3 GENOA 5/3 JAKARTA 6/3 ahctrailA MARSEILLES371 words
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Advertisement1221 1990-03-01 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: 2208J41/2 .Cable Address SINSOV SINGAPORE Tele* Numbers RS 2UBOJRS ***** RS ***** ■taw tm TMOWC WWt I*7 Strt*. Pwm MiUpii y STSTOI CO W »HO sasaas«"ws«aehursF w a ms fc&vSSn1,221 words
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Page 36 Advertisements
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Advertisement730 1990-03-01 36 DSR LINES VEB DEUTRACHT/SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE f i OUTBOUND SIN ICA ANT RDM N6G RST 0 GROTEWOHL 2/90 07/03 21/03 30/03 30/03 jjEjoT "ow" ARNSTADT 1/90 17/w" 09/04 09/04 11/W 13/04 7 CEGIELSKI 7W 23*0~ OS/04 15/04 15/04730 words
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Advertisement1187 1990-03-01 36 lIKC COMVPmOMAI MKKVKJt 'Mttl P KLC PNC PC lM«nf for PING AN CHENG 2S/2 RotttrOMi/Antmrp HANCHUAN 20 RottwdutvAntawrp CHINA rou coNTAam •Emyicm PKLG PNC SPORE BKK HKG S MAI Q'DAO rANC FANG KOU V *****/2 a/2 3/3 1/3- 14/3 *11 hi m 22/2 m 5/3 ys fccaptlnf FCL Cjrgo far1,187 words
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Advertisement261 1990-03-01 36 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETO LOADING FOR DELI INDAH 1.3.90 2.390 PANJANGiPK BALAM NAGA JAVA In Port 4.3.90 PANJANG LAMPUNG JAYA 8.3.90 9 3.90 SEMARANG,PANJANG PINANG JAYA 5.3.90 6.3.90 PANJANG/PK BALAM PERITA JAYA 6.3.90 5.3 90 PANJANG/JAKARTA ABADI JAYA 4 3.90261 words
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Advertisement617 1990-03-01 36 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL CONVENTIONAL CARGOES I AFGHANISTAN! Hairaton, Tourghundi, Kabul, Herat, Mazar-I-Sharif, Mashad, Kushka IIRAN I:Djulfa, Astara VIA ILYICHEVSK ETD SINGAPORE :7/03, 16/03, 22/03, 29/03, 31/3 1 EUROPE I :To all inland points: VIA VOSTOCHNY Poland, Bulgaria, Czech,617 words
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Advertisement506 1990-03-01 36 ASEAN PORTS Ngow Hock Agency Co Ltd BKK (Tel: *****80) Ivmti |w I tmAum ba—mk PDA BHUM Q4H Sun 4/3 INd 7/3 SIR! BHUM *m Moo 5/3 Thwf 1/3 ARNSTAOT W Hon 5/3 fri J/3 JENLINK MSN W«d 7/3 Sat 10/3 PIYA BHUM 215N <hd 7/3 Srt 10/3 PDA BHUM506 words
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Page 37 Advertisements
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Advertisement1089 1990-03-01 37 VESSEL VOY SINGAPORE KHF/DUBAI JEDDAH LANKA SRIMANI 75W 8/3 13/3 20/3 LANKA RUWAN 4W 25/3 LANKA SRIMATHI 74W 7/4 13/3 20/3 ALSO ACCEPTING CARGO (FCL/LCL) FOR: A) INDIAN PORTS MADRAS; TUTICORIN; COCHIN; MANGALORE; BOMBAY B) ARABIAN GULF PORTS SHARJAH; DUBAI; BAHRAIN; DAMMAM; KUWAIT; MUSCAT C) RED SEA PORTS JEDDAH; AQABA1,089 words
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Advertisement221 1990-03-01 37 ACCEPTING FCL ANO CONVENTIONAL PCN/PKQ ETA lOAOMO FOR ASSAY WONZ 19/03 OAfIESSALAAM. MOMBASA. DJIBOUTI VOY 23WS ASSAB MASSAWA. HOOCOAM ANOtNET 73/04 DARESSALAAM MOMBASA DJIBOUTI voy iewe assab massawa. mooeioah WEN HUNS LINE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL CARGO Vessel Spore P. Louis221 words
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Advertisement616 1990-03-01 37 T maskapai pelayaran WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL *****55 SMQAPOftI (NOONtttA tOIVtCS VSL VOY SIN JKT616 words
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Advertisement614 1990-03-01 37 imiu m w ill ami PAITHOO* 33* 3/3 11/3 0 SINCERITY OA 3/3 170 SUSAK 101N 30 100 HO JI KW 70 200 VECA 10A 10 710 TIGER RIVER HCNB 110 170 ILOVIK 107N 110 110 t STAROSTIN 04SI« 130 200 LEUVE 9120 130 110 OCEAN STRENGTH 21A 170 310614 words
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Advertisement328 1990-03-01 37 rO AUSTRALIA/NEW ZEALAND v£ |Ti«p>iri|rwnm|Hi>ninii|»r*mi [>■«<■< loww— TWT EXPMSS MI ~M *3 ujj MO 80 i nuok hi ~»a Oh mo 5 v* uii MMa M TSJ m wi «s w C VOOJK M M* w ih XW U» *5 M*o accaptinf cargo to:AUSTRALIA AdaUidr Britten* «C« ZEALAND IMlin|tan. Napar.328 words
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Page 38 Advertisements
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Advertisement1180 1990-03-01 38 SSr S= V«y PNGIPKL IMother Vmul TvoJ SIN I LAX |OAK |HOU |DAL |CNI/ NO* 3 NYC OUR NEW USA QFRVICE CALLS MJNGA MJTANG V.tß 2*2 ALLIGATOR VICTORY V.172* *3 2*3 27/3 27/3 27/3 2*3 2*3 M/ 3 M/ 3 MJNGA MJTANG V.534 3/3 ALLIGATOR SYMPHONY V (KM 12/3 31/31,180 words
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Page 38 Miscellaneous
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Miscellaneous135 1990-03-01 38 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 0730 HOURS ON MARCH 1. LEGEND R Thunderstorm Temperature V Shower Weather Wind direction with speed in knots Rain Cloudy Sky Wave height Surface winds ore indicated by arrows which Hy with the wind One fu# circle represents calm or light ond variable winds135 words
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