The Business Times, 4 May 1990

Microfilm: NL17017
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Friday May 4 1990 75*
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  • NEWS SUMMARY
    • Article
      Talks on resuming Japanese loans to China fall through
      34 1 THE CHINESE and Japanese delegations to the Asian Development Bank annual meeting in New Delhi yesterday failed to agree on resuming Tokyo's loans to Beijing
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    • Article
      Wanted: Asian execs
      25 1 THERE IS NOW a premium on Asian managers who can spearhead foreign firms' move into Pacific economies, says a consultant Page 2
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    • Article
      Honeywell wins deals
      19 1 HONEYWELL has secured two major supply deals in the region worth about US$l5 million Page 2
      19 words
    • Article
      Kaifu's mission
      31 1 JAPANESE Prime Minister Toshiki Kaifu is expected to emphasise the importance of Asean to Tokyo's drive to boost Asia-Pacific cooperation during his visit to Indonesia starting today Page 7
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    • Article
      Talks at critical stage
      25 1 THE CURRENT ROUND of global trade liberalisation talks has reached a critical stage, says US Trade Representative Carla Hills Page 8
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    • Article
      New hi-tech sale policy
      28 1 US PRESIDENT Bush has proposed lifting curbs on the sale of some hightechnology items to Eastern Europe, the Soviet Union and China Page 8
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    • Article
      ADB row on loan fund
      41 1 A SIMMERING dispute over replenishing a soft loans fund emerged in public for the first time on Wednesday in speeches to the opening session of the Asian Development Bank annual meeting in New Delhi Page 8
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    • Article
      Snooze solution
      14 1 RESEARCHERS have discovered the way to a good night's sleep Page 15
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    • Article
      Van Ommeren in tie-up
      20 1 VAN OMMEREN has formed a strategic tie-up with Petrolog Indah Logistics Service. Shipping Times Page I
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  • MARKETS SUMMARY
    • Article
      Dow Jones higher
      46 1 THE US stock market pushed ahead yesterday morning, extending the cautious rally it began at the start of the week. The Dow Jones average of 30 industrials, up 44.59 points over the past three sessions, added 11.94 to 2,701.58 in the first hour.
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    • Article
      Footsie lower
      40 1 SHARE prices declined in early trading in London yesterday and analysts said a technical rally appeared to have run its course. AT 1110 GMT, the FT-SE 100-share index was down 6.3 points or 0.3 per cent at 2131.3.
      40 words
    • Article
      Keppel turns around
      29 1 STRONG operating cash flows, bond conversions and four major fund-raising exercises have turned Keppel from a net debtor to a net surplus cash holder Page 3
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    • Article
      UIC boosts stake
      27 1 UIC has snapped up its largest block of Singland shares to date, taking its stake in the group to 36 per cent. Page 3
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    • Article
      Scripless target
      30 1 THE SES has brought the present trading system on the mainboard closer to a scripless one with the amendment of one bye-law and an additional bye-law Page 3
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    • Article
      Visa charges hit $1b
      15 1 SINGAPOREANS spent $1 billion through Visa cards last year Page 6
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    • Article, Illustration
      STOCK INDICES
      28 1 Thursday Change BT-MGA 731.98 1.85 Kuala Lumpur ....320.13 1.60 Hongkong 2,954.61 -3.15 Tokyo Closed Sydney 1,467.5 +4.8 > Wednesday Change New York 2,689.64 20.72 London 2,137.6 +19.70
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    • Article
      CURRENCIES
      22 1 Exchange rates USS S$ 1.8740 Yen (100) SSl.1872 MS SS0.69IS Moiwy Huriiet rttes Overnight 6 1/18% -1/16 3-month 6 3/4% +1/16
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    • Article
      COMMODITIES
      25 1 London Gold PM fix US$369.90 +0.30 Rubber S'poreJune. 160.50 Vkg unch M'sia June 229.50*/kg unch KLTin Turnover 45 tonnes -103 Spot MS 17.20/kg +0.09
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  • Article
    UOB all set to move into life insurance business
    341 1  -  By Soh Tiang Keng UNITED Overseas Bank has received a rare in-principle approval from the Monetary Authority of Singapore to move into the lucrative life insurance business. Its proposed entry into life insurance comes at a time when the industry is
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  • Article
    Lock icon Insider trading quite rampant on KLSE: Nik Din
    359 1 Bernama INSIDER TRADING is "quite rampant" on the Kuala Lumpur Stock Exchange (KLSE), its executive chairman, Nik Mohamed Din Bin Datuk Nik YusofT, has said. However, the problem is not confined to Malaysia alone. "It happens everywhere," he told a question-and-answer session
    Bernama  -  359 words
  • Article
    Lock icon Call for US bank reform
    95 1 Reuter THE PRESIDENT of the Federal Reserve Bank of New York, Gerald Corrigan, says that the US banking system is out of step with the rest of the world and may be more risk-prone. An orderly reform of the US banking and finance system is
    Reuter  -  95 words
  • Article
    Lock icon Renong did not deal with Official Assignee, says adviser
    253 1 Bernama RENONG BHD dealt directly with Fleet Holdings Bhd and not with the Official Assignee in its proposed acquisition of the entire capital of Fleet Group Sdn Bhd, the general manager of Bumiputra Merchant Bankers Bhd, Mr Yap Chee Keong, said.
    Bernama  -  253 words
  • Article
    Lock icon Lithuania ready to negotiate with Moscow, says PM
    352 1 Agencies LITHUANIA'S prime minister said yesterday that her country "is prepared for compromises" in seeking to settle the crisis with Moscow over the breakaway republic's drive for independence. Ka/imiera Prunskiene was scheduled to meet later with congressional leaders and US President George
    Agencies  -  352 words
  • Article, Illustration
    Biotechnology industry to get $60m boost
    423 1  -  By Jeffrey Tsang A PLAN to develop Singapore's fledgling biotechnology industry, together with an initial budget of $60 million to implement it over the next three to five years, was revealed yesterday. With the plan which covers everything from setting up research facilities to
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  • Article
    Lock icon Thai govt faces no-confidence motion
    159 1 Reuter THE THAI PARLIAMENT began a new session yesterday with members preparing a no-confidence motion against Premier Chatichai Choonhavan's 21-month-old government, alleging corruption and incompetence. Dusit Sopitcha, spokesman for the biggest opposition party Solidarity, said the motion would be submitted to the House Speaker on
    Reuter  -  159 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      325 1 Kc~ !Bs* 1 A*T 98& I 70 (+iSM I Vs^ 1 Ken Pom Con»«>. mky'i P«p< othfdMifr CAPITAL SQUEEZE: WHO CARES? 10 EGGS IN DIFFERENT BASKETS 11 FORMOSA STRAIT WARMING UP 11 Aircraft Schedule 25 Money Market 23 World Stock Markets 22 Commodrtws 24 Regional News 7 Cryptic Crossword 25
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      Page 1 Advertisements Column 2
      100 1 I [mf urns© I i——'•—i v u MIMOITA Quadruple Zoom+Auto Two-Color. y >a aH^Bs f:' .'".^^■R BALLY of Switzerland Bp BAUY BOUTIOUE n SINGAPORE Show Centre/Raffles City/Royal Holiday Inn BALLY AUTHORISED DEALERS Champon Shoe Co Chanrai Singapore Daimaru Djieo Boutique Euro Shoe Shop A Branch ise'on A Bronches Jet Wind
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        GAS for sale to NTUC Comfort
        72 2 NTUC COMFORT is acquiring General Automotive Services, one of the wholly-owned subsidiaries of the Singapore Labour Foundation, at close to $19 million. Half of the amount will be paid through the issue of participation shares of $1 each and the balance to be paid
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      • Article
        Homes for the arts
        76 2 MORE vacant government buildings will be made available to house deserving arts organisations, said Wong Kan Seng, Minister for Foreign Affairs and Community Development. Speaking at last night's 1989 Cultural Awards Presentation at the Marina Mandarin Ballroom, he said more resources will also be committed to
        76 words
      • Article
        Government acquisition
        78 2 THE Government will be acquiring a 1,626 square metre plot of land in South Seletar for public use. The declaration was made under section 5 of the Land Acquisition Act (Chapter 152). The land, registered as owned by Lim Kim Teck, has a lot number of 1131 mukim
        78 words
      • Article
        Pata award for agency
        70 2 SINGAPORE-BASED travel agency, Tour East, has won a Pata Gold Award for its "Incentive Brochure Series". The brochures highlighted the best available incentive programmes in Hongkong, Singapore, Thailand and Malaysia. Incentive programmes are group tours organised by companies as a reward to staff for outstanding work
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      • Article
        Topping-out for club house
        61 2 STRUCTURAL work on the SAFRA Toa Payoh Club house Will be completed with a topping-out ceremony today. Renovation of the building, which began last June, is due for completion next April. Today's ceremony will be officiated by Brigadier-General (Res) George Yeo, Minister of State (Finance Foreign
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      • Article
        Ship-owners to meet here
        63 2 SINGAPORE will play host to about 400 shipowners at an annual meeting of the International Association of Independent Tanker Owners (Intertanko) next Wednesday. The delegates, from some 280 independent shipping companies and 33 countries, will be attending the three-day general meeting at Marina Mandarin Hotel. The
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      • Article
        Fujitsu-Ngee Ann tie-up
        82 2 FUJITSU (Singapore) Pte Ltd and Ngee Ann Polytechnic have teamed up in a computer-based training (CBT) development project. The project will be conducted in three phases, according to Ngee Ann. The first is the development of a computer-aided training package on the production techniques of good quality
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      • Article
        Honours from the Queen
        66 2 HANS BUSS, ABN Bank's regional manager for South-east Asia, has been appointed Knight of the Order of Orange-Nas-sau by the Queen of the Netherlands. Her Majesty, Queen Beatrix, also appointed Dick van Hilten, chairman and chief executive of the Shell Companies in Singapore, as Officer of
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    • Article, Illustration
      Premium on managers who know the Pacific
      313 2  -  By Suzanne Soh THERE IS now a premium on Asian managers who can spearhead foreign companies' move into the booming Pacific economies. This is because local talent is more "qualified psychologically to do business" in the region, said the managing director and co-founder
      313 words
    • Article
      The challenge for restructured general hospital
      467 2  -  By Anna Teo THE RESTRUCTURING of Singapore General Hospital shows how a large organisation can absorb change with minimal disruption. The bigger challenge lies, however, in reorienting the work attitudes of its employees former civil servants, said SGH chief executive officer Art Ouellette yesterday.
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    • Article
      Lock icon Uncertain course for Goddess of Democracy
      256 2 Reuter, AFP THE Goddess of Democracy i radio ship left Singapore yes- I terday, its course uncertain j after Hongkong refused it i permission to resupply on the < way to make anti-communist broadcasts to China. Hongkong will not be "used as a battlefield
      Reuter,; AFP  -  256 words
    • Article
      Honeywell in joint supply venture
      261 2  -  By Teh Hooi Ling RIDING on the oil boom in South-east Asia, Honeywell and its Japanese associate have clinched jobs worth US$l5 million to supply refiners with computer-based control systems. The US multinational and Yamatake-Honeywell have been contracted to provide distributed control systems to Singapore
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    • Article, Illustration
      The right price eludes owners of Jit Poh and UOL buildings
      432 2 A DIFFERENCE of a few million dollars has so far prevented the sale of two office buildings in Singapore. More than a month after the closing of their public tenders, United Overseas Land's namesake building along Somerset Road and
      432 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      199 2 mi AN INVITATION IN OlilftATtON Of SINGAPORf'S 25TH ANNIVERSARY TO BIOTECHNOLOGY: THf NOT KCAftE. TO K KQi) OH JUME 11,1 WO (9.00 AM TO 5.00 PH) AT THE MANDARIN BALIROOM, MANOARIN HOTEL, ORCHARD ROAD, SINGAPORE ORGANtSfD BY ECONOMIC 11 ocmopMacr ioard wsTmrrE of mouculak CELL lIOiOGY, NATIONAL UNIVERSITY OF SINGAPORE.
      199 words
    • Advertisement
      Page 2 Advertisements Column 2
      163 2 MANAGER I Corporate Banking I Barclays Bank PLC is a major International Bank, based in the UK, with a network of offices in the Asia/Pacific region. I We wish to appoint a Manager to join our Corporate Banking team. H The post will primarily involve marketing to companies and maintain-
      163 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Keppel's coffers now running over
      538 3  -  By Amy Balan STRONG operating cashflows, bond conversions and several major fund-raising exercises have propelled the Keppel group from a net debtor to a net cash holder in 1989. Indeed, the group is liquid with $728 million in bank balances, deposits and cash as at
      538 words
    • Article
      UIC spends over $100m to raise its SingLand stake to 36pc
      274 3  -  By Magdalene Ng UNITED Industrial Corporation has spent more than $100 million in the past two days to acquire an additional seven million Singapore Land shares, raising its stake in the property group to near 36 per cent. It
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    • Article, Illustration
      Lock icon Time Engineering set for new ventures
      509 3 Bernama. TIME ENGINEERING Bhd is in a strong position to explore various profitable business ventures with the marked increase in financial resources resulting from its acquisition of a 30.5 per cent stake in United Engineers (M) Bhd (UEM), chairman Datuk Mohd Desa Pachi said.
      Bernama.  -  509 words
    • Article
      DBS Land remains a good buy
      556 3  -  MARKET TALK By William Chia THE anticipated flood of office space coming on to the market from 1992 has dampened property stocks but some analysts still think selective counters such as DBS Land are good buys. In the past 12 months, major property counters
      556 words
    • Article
      Sesdaq settlements to be in line with the mainboard
      292 3 FROM MAY 28, settlement of Sesdaq transactions will be brought in line with that of mainboard stocks, that is, on the same day the following week, the Stock Exchange of Singapore said yesterday. The move is in preparation for bringing all
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    • Article
      Dunlop's assets to cost IOI M$22.43m less
      369 3  -  By Lim Mui Khi INDUSTRIAL OXYGEN Incorporated (IOI) is to pay M 522.43 million less for the plantation assets of Dunlop Estates as a result of a downward revision of the purchaser price from MSSOO million to M 5477.57 million. In a separate
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    • COMPANY BRIEFS
      • Article
        Holders approve CCB bonus and share scheme
        111 3 SHAREHOLDERS of Cycle Carriage Bintang Bhd yesterday approved the company's proposed three-for-five bonus issue of 35.7 million new shares and senior executives' share option scheme (ESOS). The bonus issue will raise the company's paid-up capital to M 595.2 million from M 559.5 million
        111 words
      • Article
        MTC optimistic about prospects
        55 3 MALAYSIAN Tobacco Co chairman Mohamed Ghaus said the company is now leaner and well-placed to meet future challenges including recouping losses in cigarette market share. He also expressed optimism of further improvement in performance in the current financial year. Last year, group pre-tax profit rose 17.3
        55 words
      • Article
        Far East Asset buys into firm
        83 3 FAR EAST Asset Bhd has acquired 33 per cent of the issued capital of a property development company, Land Corp Sdn Bhd for M 57.29 million or Mj5.50 a share. The acquisition, which will be financed entirely by borrowings, is in line with the
        83 words
      • Article
        M'sian French Bank ahead
        64 3 MALAYSIAN French Bank, a member of the Multi-Puf-pose Holdings group, has reported group pre-tax profit of M$ 11.77 million (M 54.33 million) for the year ended Dec 31, 1989. At the bank level, pre-tax profit for the year amounted to M$ 11.74 million (M 54.31 million).
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      • Article
        May 15 date for missing scrip
        89 3 THE Kuala Lumpur Stock Exchange hopes to make .a positive announcement on the "missing scrip" problem by May 15, KLSE chairman Nik Din said. Stressing that he was concerned over the need to resolve the matter quickly, he added that the task force set
        89 words
      • Article
        Sungei Way keen to buy quarries
        78 3 SUNGEI WAY Holdings Bhd, which has projected another record performance this year, will continue to identify apd acquire new quarries to take advantage of the strong upturn in the construction sector, its chairman, Tan Sri Nasruddin Mohamed, said. He added in the company's 1989
        78 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      93 3 The Great Heroes A A k A —*C m 1 Faster than your feet can move, sweeter than your wildest dreams, able to serve tall, cool cocktails in a single order... HB It's Rani... Jefri. Super cloaks, masks, superpowers and all. keep you from harm... k/ Protectors the Super for
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      33 3 I ~.Ui Mi? > "Look, it boils down to this, Mr. Steve —either we settle this out of court or I hit you with the biggest haircut malpractice suit this town has ever seen."
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Daiichi to build Honolulu convention centre
        123 4 DAIICHI Real Estate has won approval from the Honolulu metropolitan government to go ahead with the construction of an urban redevelopment project that includes a convention centre. The convention centre complex will be located just northwest of Waikiki and close to the Ala Moana
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      • Article
        Air India earns record profits
        89 4 AIR INDIA earned a net profit of US$32 million, a new high in its 57-year history. Air India managing director Rajan Jetley said that the profit earned during the fiscal year ended March 31 last year was US$7 million up from the previous year's net
        89 words
      • Article
        Mitsubishi buys car rental firm
        92 4 MITSUBISHI Motor Sales of America Inc, a unit of Mitsubishi Motors Corp, has agreed to acquire a controlling interest in Value Rent-A-Car Inc of Florida for an undisclosed sum. The transaction is expected to be completed by May 31, 1990. The current owners of Value
        92 words
      • Article
        OK Tedi posts higher profits
        112 4 OK TEDI MINING Ltd, 30 per cent owned by The Broken Hill Pty Co Ltd, said 1989 operating profit rose to 28 million kina from 20.7 million in 1988. Revenue rose to 460.4 million kina from 331.55 million. The company said an extraordinary loss of
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      • Article
        NBC sells NZ TV3 stake
        76 4 THE US television network NBC said it had sold shares in New Zealand's only private channel, TV3, which has gone into receivership. A statement from NBC's lawyers said it had exercised its right under agreements struck before TV3 was floated only five months ago allowing
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      • Article
        Ssangyong imports cement
        65 4 SSANGYONG Cement Industrial Co of Seoul yesterday said it has signed a contract to import 120,000 tons of cement from North Korea to meet a domestic shortfall. Company officials said the North Korean cement would be imported by June at the latest through a Hongkong trading firm.
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      • Article
        Toyota to make cars in Pakistan
        88 4 TOYOTA MOTOR Corp will set up a car manufacturing plant in Pakistan which should begin production in 1996. Japanese Prime Minister Toshiki Kaifu, on an official visit to Pakistan, announced the investment to Prime Minister Benazir Bhutto. The car plant represents a US$6O million
        88 words
    • Article
      Lock icon Garuda to spend US$4b on new jets
      338 4 AFP FLAG CARRIER Garuda Indonesia has unveiled major expansion plans that will include spending US$4 billion on 64 new jets and new cooperation programmes, including possibly with China. Garuda president director Mohamad Suparno said in Jakarta yesterday the airline had already ordered 10
      AFP  -  338 words
    • Article, Illustration
      Lock icon Genting Int'l to expand leisure business
      496 4 Bernama GENTING International Ltd (GIL), which is floating its entire issued capital of 270.49 million shares of 10 Australian cents each on the Luxembourg Stock Exchange (LSE), is keen to invest further in the casino, hotel and resort businesses. In a document released in
      Bernama  -  496 words
    • Article
      Lock icon Tan Chong expects another good year
      251 4 Bernama TAN CHONG Motor Holdings Bhd's motor division is expected to do well in the current year in line with the 8 per cent growth forecast for the Malaysian car market, Chairman Datuk Tan Kim Hor said in the company's 1989 annual report. He
      Bernama  -  251 words
    • Article
      Lock icon Jakarta rules likely to please foreigners, not small traders
      329 4 Reuter CHANGES on the Jakarta Stock Exchange to get rid of serious settlement delays are likely to please foreign buyers but not small traders. From this week, share certificates, which used to be issued in varying amounts, must be reregistered in
      Reuter  -  329 words
    • Article
      Lock icon C & C Bintang's group pre-tax profit up 89pc
      217 4 C C Bintang's group pre-tax profit up 89pc Bernama CYCLE Carriage Bintang Bhd has reported an 89 per cent increase in group pre-tax profit to M$ 14.34 million for the six months ended March 31, 1990, from MSJ7.6O million in the previous corresponding period. Releasing its interim results yesterday, it
      Bernama  -  217 words
    • Article
      Lock icon Cheung Kong taps the market for HK$2.6b
      389 4 Reuter THE Hongkong-based Cheung Kong group is raising HKS2.6 billion through an issue of transferable loan certificates, banking sources say. The loan, the biggest loan in Hongkong so far this year, will be in two tranches. Thirty banks are expected to join the
      Reuter  -  389 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      496 4 VoCBCiW OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT THE PROPOSED RIGHTS ISSUE OF NOT MORE THAN 35,202,470 ADDITIONAL ORDINARY SHARES OF $1.00 EACH ("RIGHTS SHARES") AT THE PRICE OF $6.64 EACH FOR STOCKHOLDERS REGISTERED AS THE HOLDERS OF ORDINARY STOCK WHICH IS NOT IN THE BENEFICIAL
      496 words
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      Page 4 Advertisements Column 2
      13 4 Austitftaiv <~~+~*MSMay flji Js.•?&•;' 1 v More deuils in today's Life! r llloStnuksTimi*S
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Nestle flexes financial muscle
      537 5 Reuter. SWISS food concern Nestle SA is in a strong financial position to make further acquisitions despite its cancellation of a planned rights issue, chief executive Helmut Maucher said. "If we wanted to make a strategic investment or acquisition, it won't fail because of financing," he
      Reuter.  -  537 words
    • Article
      Lock icon US insurer puts itself up for sale to foil takeover
      284 5 AP AMERICAN General Corp has stunned suitor Torchmark Corp by putting itself up for sale, and analysts said a foreign buyer is more likely to come up with the US$7 billion needed to buy the nation's fourth-largest insurer. American General
      AP  -  284 words
    • Article
      Lock icon Plunge in Philips first-quarter profits
      180 5 Reuter ELECTRONICS group NV Philips Gloeilampenfabrieken has blamed exchange rate fluctuations and a sharp downturn at its information systems unit as the key factors behind a plunge in firstquarter operating profits. Philips posted a 450 million guilder first quarter operating profit, down from 611 million
      Reuter  -  180 words
    • Article
      Lock icon Saatchi opts to sell Hay Group to managers
      263 5 FT SAATCHI and Saatchi, the troubled British advertising agency, has rebuffed an acquisition approach for its Hay Group consulting division by Bernard Krief Consultants, the Paris-based head hunting and public relations group, in favour of a management buy-out. The buy-out, in which
      FT  -  263 words
    • COMPANY BRIEFS
      • Article
        Military cuts eat into GM profits
        73 5 FIRST-QUARTER earnings for General Motors Corp's military and electronics subsidiary dropped 13 per cent mainly because of cuts in Pentagon orders and auto production. GM Hughes Electronics Corp reported a profit of US$lB2.B million, or 46 cents per GM Class H share, compared with
        73 words
      • Article
        IBM to take software stake
        94 5 IBM CORP and Logic Systems Inc said they had reached an agreement for IBM to acquire a minority equity interest in Valid, a developer of integrated electronic design automation (EDA) software. Valid, based in San Jose, California, had worldwide 1989 revenues of U*****.9 million. Under
        94 words
      • Article
        Nobel buys paint operations
        95 5 BRITISH industrial group Williams Holdings has sold its paints operation Crown Berger to Sweden's Nobel Industries for at least £205 million cash. Nobel Industries is to make la further payment of up to £35 million (U5557.5 million) jit some future date depending on the operation's performance.
        95 words
      • Article
        Wellcome profits up 28pc
        86 5 WELLCOME PLC achieved a 28 per cent jump in half year pre-tax profits, but the results were in line with mairkgt expectations and inflated by currency gains, analysts said. Pre-tax profits of £164.1 million for the 27 weeks to March* 3 compared with market* forecasts ranging
        86 words
      • Article
        Chemical firm sees flat profits
        84 5 WEST GERMAN chemical group Schenng AG repeated fts prediction of flat profits in 1990, both in the parent company and in the group. Schering, announcing group net profit rote 13.6 per cent to 125 million marks in the first quarter, that a disproportional amount of
        84 words
      • Article
        Dutch group ties up deals
        52 5 DUTCH pens-to-packaging group Buehrmann-Tetterode NV said it has completed the takeover of two US office suppliers. The two companies, Buschart Office Products Inc and EW Curry Company Inc had a combined 1989 turnover of about US$55 million, Buehrmann said. It gave no financial details of
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  • FINANCIAL NEWS
    • Article, Illustration
      Visa cardmembers tot up purchases of $1b
      324 6  -  By Quak Hiang Whai SPENDING by Singapore Visa cardmembers rose 85 per cent to $1 billion last year while the number of outstanding Visa cards issued went up by 40 per cent to 387,000. These figures were announced by Visa International general manager
      324 words
    • SMALL CHANGE
      • Article
        Taiwan's offshore banking assets hit peak
        94 6 THE combined assets of Taiwan's offshore banking units (OBU) hit a record US$l6.9 billion at the end of March against US$l6.3 billion in February and US$l5.B billion a year earlier, the central bank said. The previous record was US$l6.6 billion in December 1989. A
        94 words
      • Article
        Bank to close Bahrain unit
        119 6 THE French bank Societe Generale, one of the most important offshore banking units (OBU) in Bahrain, will halt its operations from July 1, the bank's general manager said Wednesday. Patrick Wintrebert said the bank would maintain its presence in the Gulf only with a regional
        119 words
      • Article
        Paribas profit up 18.9pc
        54 6 FRENCH bank Paribas said its consolidated net profit rose 18.9 per cent last year over the 1988 level to 1.37 billion francs from 1.15 billion. Provisions for debt considered at risk now covered 54 per cent of the bank's exposure, up from 47 per cent at
        54 words
      • Article
        Bank Negara reserves up
        103 6 BANK Negara's gold and foreign exchange reserves rose to M 521,317.67 million as at March 31 from M 521,143.71 million a fortnight earlier. The central bank said its total assets and liabilities fell to M 533,143.53 million from M 533,152.54 million previously. Loan and advances rose
        103 words
      • Article
        Bankers confident about Seoul
        103 6 CURRENT unrest in South Korea will not deter Western financial institutions from doing business with one of the world's fastest-growing economies, London bankers said. "We don't see any change in our attitude. The current disturbances do not affect the fundamental strength and stability of the country,"
        103 words
      • Article
        UK reserves fall to US$39b
        71 6 BRITAIN'S exchange reserves fell by US$9B million in April to U5539.02 billion, according to seasonally-adjusted figures released by the Treasury on Wednesday. The fall was smaller than analysts' predictions of a US$2OO million drop, after a US$429 million fall in March. The April figure suggested
        71 words
    • Article
      Lock icon NZ to sell State Insurance to UK company
      178 6 Reuter THE New Zealand government said it will sell the State Insurance OfTice to UKbased The Norwich Union Life Insurance Society for NZ$735 million, NZ Associate Minister of State-Owned Enterprises Peter Neilson said. He said the sale was subject to parliament passing
      Reuter  -  178 words
    • Article
      Bank Dagang makes debut on Asian $ market
      202 6 Bank Dagang makes debut on Asian market BANK DAGANG Nasional Indonesia (BDNI) will make its debut on the Asian dollar market today with the signing of a US$3B million syndicated loan. The Indonesian private foreign exchange bank is raising the credit facility to finance its general working capital and the
      202 words
    • Article, Illustration
      Credit Agricole opens offshore branch in Singapore
      165 6 FRENCH BANK Credit Agricole, Europe's largest bank, yesterday announced the opening of its offshore branch in Singapore. The new branch, which received its licence from the Monetary Authority of Singapore in January, will initially concentrate on corporate lending, trade and commodity financing and
      165 words
    • Article
      Lock icon G-7 likely to focus on unification costs
      166 6 Reuter THE cost of German unification and its impact on world economies will be the main topic when central bankers from the Group of Seven industrialised countries meet in Washington this weekend, analysts said. Calmer financial markets in Japan since the G-7 industrial
      Reuter  -  166 words
    • Article
      Lock icon Call for yen support package
      179 6 Reuter THE Group of Seven (G-7) industrial nations should fashion a support package for the yen and act to prevent an upwards spiral in global interest rates when they meet this month, C Fred Bergsten, director of the Institute of International Economics, said. Mr Bergsten,
      Reuter  -  179 words
    • Article
      Lock icon Taiwanese banks lower rates
      137 6 Reuter TAIWAN'S banks have started to lower short-term deposit interest rates by between 0.25 and one percentage point in response to the central bank's easing of credit, bankers said. State-owned Land Bank of Taiwan, Farmers Bank of China, Bank of Communications, Bank of Taiwan and state-run
      Reuter  -  137 words
    • Article
      Lock icon Profit up at Perwira Habib Bank
      198 6 Bernama PERWIRA Habib Bank Malaysia Bhd (PHB) recorded a 63.4 per cent rise in group pre-tax profit to MS 16.5 million for calendar 1989, exceeding the SO per cent increase projected by chairman Jen (R) Tan Sri Zain Hashim previously. For this year, the
      Bernama  -  198 words
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      655 6 I Straits Steamship Land Limited H (Incorporated in the Republic of Singapore) I NOTICE OF EXTRAORDINARY I GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held in the Straits Room, 10 Collyer Quay #29-00, Ocean Building, Singapore 0104, on Friday, 11th May
      655 words
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      Page 6 Advertisements Column 2
      144 6 I B I I lUpp*l Corporation Umifd I (Incorporated m the Rapubbc o< Singapore) B TO: ALL BONDHOLDERS OF H (1) U5550,000,000 6%% Convertible Bonds due 1992 H (2) U5575,000,000 4H Convertible Bonds I due 1997 H M (3) U5575,000,000 2%% Convertible Bonds due 1997 I SUSPENSION OF BOND CONVERSION
      144 words
  • Page 6 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Jakarta maintains trade surplus
        63 7 INDONESIA recorded a trade surplus of US$557 million in February despite price declines pushing down oil and gas export earnings, Information Minister Harmoko said on Wednesday. Exports in February amounted to US$l.9O billion, against imports of US$l.34 billion. In January, Indonesia recorded a surplus of U*****.9
        63 words
      • Article
        More tourists visiting Tioman
        82 7 THE PAHANG government is expected to obtain a revenue of nearly Ms3B million from about 83,000 tourists visiting Pulau Tioman this year. The chairman of the state committee on industrialisation, tourism and urbanisation Haji Hasan Arifin said the estimate was based on the increasing number of
        82 words
      • Article
        Perak pulling in investors
        56 7 THIRTY industrial projects valued at Ms4B million were approved in Perak during the first four months of this year. Menteri Besar Tan Sri Ramli Ngah Talib said the projects created about 4,600 jobs. More such projects were expected to be set up, based on applications received
        56 words
      • Article
        M'sia, Turkey to sign accords
        64 7 MALAYSIA and Turkey are finalising details of two agreements on taxation and investment which, when signed, are expected to facilitate increased bilateral trade. Foreign Minister Datuk Abu Hassan Omar said senior government officials from both sides are to meet soon in Turkey to finalise the
        64 words
      • Article
        Bangkok delays VAT bill
        72 7 THE THAI government has delayed introducing a new tax bill which would replace the current complex business tax with Value Added Tax (VAT). The cabinet last year agreed in principle to the new tax probably at a flat 10 per cent rate and approved a 650
        72 words
      • Article
        Hun Sen calls for ceasefire
        58 7 PHNOM PENH'S Vietnamese-backed prime minister, Mr Hun Sen, yesterday called for an early ceasefire pending a settlement of the 11-year war in Cambodia. Mr Hun Sen also reiterated his government's opposition to sending a UN peacekeeping force to Cambodia a key point in a peace
        58 words
      • Article
        Manila accepts assurances
        65 7 FOREIGN AFFAIRS Secretary Raul Manglapus yesterday said the Philippines accepted assurances that Malaysia's plan to set up new naval bases was intended to serve internal security needs. Manila had earlier expressed concern about reports that Kuala Lumpur planned to set up new bases, including a naval facility
        65 words
    • Article
      Lock icon Kaifu to stress importance of Asean on Indon visit
      436 7 AFP JAPANESE Prime Minister Toshiki Kaifu begins today a visit to Indonesia during which he is expected to stress the importance of Asean to Tokyo's drive to boost AsiaPacific cooperation, observers in Jakarta said. Indonesia, the last stop of Mr Kaifu's
      AFP  -  436 words
    • Article
      Thais aid typhoon-hit province
      135 7 THAILAND'S Council of Economic Ministers has approved in principle a 15-bil-lion to 20-billion baht plan for the reconstruction and rehabilitation of typhoondevastated Chumphon province in the next five years beginning 1991, the Bangkok Post reported. National Economic and Social Development Board secretary-general Dr Phisit Pakkasem said
      135 words
    • Article, Illustration
      Lock icon Aquino needs continued emergency powers: Ramos
      191 7 AFP PRESIDENT Corazon Aquino of the Philippines needs an extension of her emergency powers because rebel troops continue to plot against her five months after a bloody coup attempt, Defence Secretary Fidel Ramos has said. The powers, mainly designed to avert an economic crisis
      AFP  -  191 words
    • Article
      Lock icon Alatas waiting for right time to visit China
      126 7 AP INDONESIAN Foreign Minister Ali Alatas said on Wednesday that he was still looking for the right time for his planned visit to China for further discussion on normalisation of diplomatic relations. Mr Alatas had been scheduled to make the visit after
      AP  -  126 words
    • Article
      Lock icon Firms in M'sia expect higher revenue
      377 7 Bernama THE LATEST business expectations survey by Malaysia's Statistics Department shows that the gross revenue of the firms covered, which amounted to M 530,273.1 million during the second half of 1989, is expected to rise by M 5821.9 million or 2.7 per cent in
      Bernama  -  377 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      119 7 Because we fly non-stop from Bangkok to Amsterdam, Athens, Copenhagen, Frankfurt, London, Rome, Stockholm and Zurich, it s not only our excellent service that gives an impression that long flights are shorter. They are shorter! M&mmm m jnl *x-* feA M IIHHBnn' w <~; j by Air Transport .f.&■ <.
      119 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        India's ruling party looking for president
        98 8 INDIAN PRIME MINISTER V P Singh's ruling Janata Dal (People's Party) has launched a desperate search for a consensus president. Party sources in New Delhi said on Wednesday that the move was aimed at minimising the factional hostilities that prompted the 1 lth-hour postponement
        98 words
      • Article
        German union on strike again
        70 8 WEST GERMANY'S largest union disrupted car and electronics production on Wednesday with a second day of wildcat strikes to push its claim for a shorter working week. Nearly 70,000 members of the huge IG Metall union across the country stopped work, a union spokesman said.
        70 words
      • Article
        Mugabe gives pledge
        68 8 PRESIDENT Robert Mugabe on Wednesday ushered in Zimbabwe's second decade of independence with a pledge to a new Parliament to give land to the people and bring home troops from Mozambique as soon as possible. Mr Mugabe, who has ruled since Zimbabwe won independence in 1980, promised
        68 words
      • Article
        Bhutto denies allegations
        69 8 PAKISTANI PRIME MINISTER Benazir Bhutto has angrily denied allegations that her country is "arming and training the freedom fighters" in Kashmir. At a joint press conference with visiting Japanese Prime Minister Toshiki Kaifu in Islamabad on Wednesday, she also lashed out at India for its alleged repression
        69 words
      • Article
        Bush makes error in tax report
        92 8 US PRESIDENT George Bush made a mistake in reporting his income to the Internal Revenue Service this year and ended up owing the government an additional U557,497. His spokesman said in Washington on Wednesday that the oversight involved deferred compensation income from a former
        92 words
      • Article
        S Korean trade deficit down
        102 8 SOUTH KOREA'S trade deficit narrowed to US$39O million last month from US$669 million in March on a customs clearance basis but widened from US$l9 million in April last year, according to preliminary Trade Ministry figures. April s FOB exports fell to U554,966 billion from U555,273
        102 words
    • Article
      Lock icon Law sets penalties for French racist agitators
      205 8 AP THE FRENCH National Assembly passed a Bill early yesterday after an all-night debate that would bar people who provoke racial violence or hatred from government jobs. The Bill, passed by a 307-265 vote, now goes to the Senate, where it can be
      AP  -  205 words
    • Article, Illustration
      Lock icon World trade liberalisation talks at critical stage, says Hills
      495 8 Agencies THE CURRENT ROUND of global trade liberalisation negotiations has reached a critical stage, says US Trade Representative Carta Hills. In California on Wednesday for an informal meeting of trade ministers of the so-called Quad Group (the US, Japan, Canada and
      Agencies  -  495 words
    • Article
      Lock icon ADB fears switch of focus to E Europe
      336 8 NYT THE PRESIDENT of the Asian Development Bank has warned that the political and economic changes in Eastern Europe may divert attention from Asia throughout the *****, forcing Asians to rely on their own momentum for further growth. The shift in focus
      NYT  -  336 words
    • Article
      Lock icon Funds dispute surfaces in Delhi
      362 8 AFP A SIMMERING dispute over replenishing a soft loans fund emerged in public for the first time on Wednesday in speeches to the opening session of the Asian Development Bank (ADB) annual meeting in New Delhi. The dispute, which had previously been confined to behind-the-scenes
      AFP  -  362 words
    • Article
      Lock icon Massive poll defeat predicted for UK Conservative Party
      280 8 Reuter BRITAIN's ruling conservatives, at their most unpopular since Prime Minister Margaret Thatcher oame to power 11 years ago, faced a crucial test yesterday as millions of people voted in nationwide local elections. Opinion polls indicate that the conservatives, trailing the opposition
      Reuter  -  280 words
    • Article
      Lock icon Soviet labour movement challenged
      228 8 Reuter THE FIRST Soviet congress of independent trade unions has voted to form a council to unite the country's unofficial workers' groups, in a challenge to the state labour movement, a spokesman said on Wednesday. The aim is to unite all forces and to guarantee the
      Reuter  -  228 words
    • Article
      Lock icon Bush pens shorter list of sensitive exports
      298 8 Reuter US PRESIDENT George Bush has proposed lifting curbs on the sale of some high-technology items, including personal computers and machine tools, to Eastern Europe, the Soviet Union and China. The White House said on Wednesday that Mr Bush wanted to trim the
      Reuter  -  298 words
    • Article
      Lock icon Hanover fair opens with mixed feelings on unification
      227 8 Reuter THE WORLD'S largest trade fair opened in Hanover on Wednesday with West German industry keen to profit from German unification but still fretting over the potential costs. "The growing together of West and Eastern Europe is a big challenge for German
      Reuter  -  227 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      65 8 Unique Investment Opportunities 192, Geylang Road Legal Description: Lot 1171 2769 MK 25 Freehold Title Land Area :813.00sqm (8,751 .05sqft) Master Plan Zoning: Local Shopping #04-26/27 Parklane Shopping Mall Built-in Area: 3,659.76 sq ft Exquisitely furnished Selling with tenancy For further information, contact Sole Agent 225 5812/225 5884 11 Coltyer
      65 words
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      Page 8 Advertisements Column 2
      90 8 U5525,000,000 Negotiable Floating Rate United States Dollar Certificate* of Deposit due October, 1992/94 Indian Bank (Incorporated in India Wholly Owned by Government of India) The Colombo Foreign Banking Unit of Indian Bank In accordance with the provisions of the Certificates, notice is hereby given that for the six month interest
      90 words
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      50 9 ■U 1 Baror^©Art l?as neOer I I been restricted te his dishes. I 1 in I courtes/If our Maitre Dj| OTfc€ FOR RESERVATIONS PLEASE CALL 731-7934. I^H ROYAL &*va. CROWNE PLAZA si\(,APORI 25 SCCTTS ROAD. SINGAPORE 0922. TEL 737-7966. TELEX RS *****. HOLJDEX SINSN *****8 CABLE HOUDAYTNN TELEFAX 737-6646 HOUDAV
      50 words
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  • Article
    Appreciate, but not in haste
    471 10 EDITORIAL J HE REFRAIN is familiar Singapore needs to raise the value of its dollar. This time it comes from a revised by the Washington-based Institute for International Economics (HE). The original analysis in 1987 had recommended substantial appreciation of the currencies of the four
    471 words
  • WHAT THE OTHERS SAY
    • Article
      A lesson for democracy
      242 10 ISRAELI PRESIDENT Chaim Herzog's attack on his country's politicians for "making an absolute mockery of democracy" is a sign of the times the country is mired in deep political crisis. His censure also puts into focus Israel's electoral system of proportional representation and the fragmented parliaments
      242 words
    • Article
      Other than force
      108 10 THERE ARE two points of views on the industrial strikes and violence in South Korea. First, the government and employers are not sanguine about economic prospects for the country. Second, the labour union is now like a runaway horse, and, therefore, has to be reined in by
      108 words
    • Article
      Divide and rue
      118 10 THAI ARMY CHIEF General Sunthorn Kongsom- pong's suggestion that the Cambodian issue be settled by dividing the war-torn country is anathema to many countries, including Asean. After so many years of warring, of failed talks, of factional squabbles, the disenchantment over Cambodia is understandable. However, a physical
      118 words
  • REGIONAL VIEWPOINTS
    • Article
      Kaifu: the right stuff
      149 10 WHEN TOSHIKI KAIFU became Japan's prime minister last August, cynical political observers predicted that he would be only a seat-warming prime minister, being a compromise candidate of competing political bosses. He would only last, it was thought at that time, until the party power brokers had
      149 words
    • Article
      Mutual trust
      178 10 BILATERAL RELATIONS between Malaysia and Singapore (whose destinies have long been known to be closely interwined) have now reached a stage of maturity, at least at the very top level. After a three-hour meeting with Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad in Kuala Lumpur on Monday,
      178 words
    • Article
      Not a personal problem
      157 10 PHNOM PENH Prime Minister Hun Sen is here for the forth time in less than 15 months. But this trip is proving to be different. The visit, hurriedly arranged on the Thai side's request, is being made in the absence of resistance leader Prince Norodom Sihanouk,
      157 words
  • Article, Illustration
    Lock icon Capital squeeze: Who cares?
    850 10  -  Rich nations are learning to look the other way over the plight of the Third World, reports Peter Passell Peter Passell NYT IT HAS NEVER been much fun at the bottom of the Third World's economic pecking order, and for millions in Latin America, Africa and
    NYT  -  850 words
  • Page 10 Advertisements
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      127 10 —————MMMM T I ml IBk k L i |M 'SsmSKSMiI '^RUf' **J I' J i Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. SEtS* kept we informed 10 maximise returns on Essential information accessible every business day your money. (hr(HJgh
      127 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      43 10 POONESBURY SftkJM! I'M WU? YOU THERES SOMETHING VISIONARY OKAY, ANP OTH8& MAKE YOUR HCRt'. MRACWTB DOMICILES I A SILK CITY! YsK\ WEBUntP HOMES HERS AMON6 600 L.PRY, STRON6. tUUM- r ////1« IjOOO SHIMMERJNO IMm yai/li BUT ANY INATSP fff SOFT, FIUTERZQ f ll
      43 words
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  • ANALYSIS
    • Article
      Lock icon Warmer winds through the Formosa Strait
      895 11  -  Taiwan is taking the first giant step towards ending its Cold War with China, Andrew Quinn reports Andrew Quinn Reuter NATIONALIST Taiwan has proposed swapping unofficial representative offices with China a major step towards ending one of the last Cold War stand-offs. Senior Cabinet
      Reuter  -  895 words
    • Article, Illustration
      Lock icon Putting their eggs in different baskets
      1443 11  -  Simon Holberton examines the motives of companies seeking quotations on a number of stock exchanges Simon Holberton FT IF ALL the necessary documentation was completed by last week, RTZ Corp will make its debut on the New York Stock Exchange in June. It is
      FT  -  1,443 words
    • Article, Illustration
      Lock icon A population growth rate gets out of hand
      587 11  -  A demographer's nightmare is unfolding in the Philippines, reports Oliver Teves Oliver Teves AP The population is growing so fast it threatens to overwhelm the economy, but the Philippine government, demographers and Roman Catholic Church can't agree on what to do about
      AP  -  587 words
  • Page 11 Advertisements
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      51 11 SALE BY TENDER Title FREEHOLD Legal Description: Lot 1269 MK 20 Land Area 2,788.8 sq m (30,018 sq ft) Zoning Industry CLOSING DATE: 25TH MAY 1990 AT 4.00PM Colliers Jardine Qoh ft Tan Ptm Ltd PHHHH lOCollyerOuav #18-03 UUuMAljUte| Ocean Building Singapore 0104 ■QnGHa Fax 534 3453 Tel: *****22 A
      51 words
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  • SPORTS
    • SIDE LINES
      • Article
        Ewing keeps Knicks in playoffs
        157 12 PATRICK EWING kept the New York Knicks in the National Basketball Association playoffs with 33 points and 19 rebounds in a 102-99 victory over the Boston Celtics in New York. Boston, which scored an NBA record 157 points on 67 per cent shooting in taking
        157 words
      • Article
        Cubs maul Giants
        122 12 ANDRE DAWSON extended his hitting streak to 11 games on Wednesday with three hits and three RBIs, powering the Chicago Cubs to a 9-6 victory over the San Francisco Giants in the baseball league. The Cubs pounded 16 hits for a two-game total of 31 against the
        122 words
      • Article
        Fourth loss for Tigers
        65 12 GARY GAETTI backed a three-hitter by David West with a pair of three-run homers on Wednesday night as the Minnesota Twins defeated Detroit 8-2. The loss was the fourth straight for the Tigers. In other games, Athletics beat Yankees 2-0; Mariners downed Red Sox 9-2; Indians
        65 words
      • Article
        Rains flood out course
        104 12 CONTINUING rains which have flooded large portions of North Texas threatened yesterday's start of the Byron Nelson Classic. "I'm trying to figure out if we can play 36 holes on Sunday," Mike Shea, tournament director for the PGA Tour, said on Wednesday. About lOcms of rain
        104 words
      • Article
        Tribute to Sevvy?
        145 12 SPAIN should be allowed to host the 1993 Ryder Cup as a tftbute to Severiano Ballesteros, says Britain and Europe's new captain Bernard Gallacher. He revealed on BBC l's Sportsnight programme that the PGA European Tour Board i$ backing Spain's application to stage the match against the
        145 words
      • Article
        Harrison's double victory
        105 12 AMERICAN Kenny Harrison won both the men's long jump and the triple jump yesterday in the Oda Memorial Track and Field meet in Hiroshima. Harrison's winning long jump was 7.71 metres. Hours later, he went 16.84 metres in the triple jump. Ibrahim Boutaidd of Morocco, the 1988
        105 words
      • Article
        India to play S Korea
        74 12 INDIA and South Korea are paired off for Davis Cup competition in Seoul this weekend, with the home team coach saying the draw benefitted the hosts. On the first day, India's best player in the tournament, Srinivasan Vasudevan, ranked 381 st in the world, will
        74 words
    • Article, Illustration
      Evernden gains sweet revenge
      697 12  -  By A Surendren KIWI Kelly Evernden served warning to anyone watching the second round of the Epson Singapore Super Tennis at Kallang yesterday that he would be a threat to all the other seeds and crowd favourites. The sixth seed showed devastating form in his 6-3,
      697 words
    • Article, Illustration
      Lock icon Edberg goes down to Strelba in Munich
      338 12 AP MARTIN STRELBA of Czechoslovakia upset topseeded Stefan Edberg of Sweden 6-4, 6-1 at the BMW Open men's tennis tournament in Munich on Wednesday. The hard-hitting Czechoslovak ousted Edberg, ranked second in the world, for the second straight year in the same tournament.
      AP  -  338 words
    • Article
      Lock icon Navratilova, Graf score contrasting victories in Hamburg
      207 12 AP STEFFI GRAF and Martina Navratilova, the two top women's players in the world, scored contrasting victories over Australian opponents in the U*****,000 Citizen Cup in Hamburg on Wednesday. The West German champion Graf claimed her second victory in 24 hours, overwhelming Nicole
      AP  -  207 words
    • Article
      Lock icon LeMond, Trump fail to turn up at promotion
      244 12 AP GREG LeMOND and Donald Trump, two of the most prominent names in US bicycle racing, have provided an ominous start to the second Tour de Trump. Neither Trump, who cosponsors the largest cycling event in the US, nor LeMond, the reigning
      AP  -  244 words
    • Article
      Lock icon Stormy seas for Soviet entry in Whitbread race
      259 12 AP THE CREW of the Soviet entry in the Whitbread "Round the World" yacht race has had a crash course in capitalism during its eight-month journey. The other 22 yachts have spent an average of US$7 million during the gruelling 32,932-nautical mile
      AP  -  259 words
    • Article
      Lock icon Unbridled undecided
      154 12 AP TRAINER Carl Nafzger understands the fickleness of the racing world. The Nafzger-trained Unbridled was in tonnes of trouble in the Fountain of Youth and ran third, beaten less than a length. People were talking about the son of Fappiano. He got a clean trip two weeks later
      AP  -  154 words
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      27 12 v 7 J Australian, —^-Holiday More details in today's Life! TlirStmitsTiiiirs SEE YOU IN COURT. (BECAUSE THE VERDICT IS NEVER PREDICTABLE). EPSON SINGAPORE SUPER TENNIS '90. K\IJANGTKWISCKNTRt
      27 words
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      3444 13 k) Taxation 12- LONG-TERM INVESTMENTS There it no taxation chute (of the year due to the utilisation of tax loaaes and capital allowances brought Cut C—pa«y forward from poor yean iw 19gg IW 1988 Subject to agreement by the Comptroller of Income Tax, the Croup and Company have unuuhied tax
      3,444 words
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      974 14 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by worcUof-mouth. r For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext
      974 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      647 14 TELEVISION AND RADIO A "I eori* Police Story: Monster Manor. 6.30 Lughatul Quran. ~ny^ IrAIT TH nA Starring Brian McNamara 6.45 FKrah. monKey lace k hner tzz-isxsz" #0 First Born (Pt I, See Our $BCB 7 -2* CabU Newt Network (cont'd). 5.30pm, 3.25 a«: Financial News ff Choice) i—. 1
      647 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Relief for night workers
      660 15  -  A new study has shed light on human biological rhythms, reports Gina Kolata Gina Kolata NYT FOR the first time, researchers have demonstrated that a new form of therapy using bright lights can reset the body rhythms of people who work at night. The therapy offers
      NYT  -  660 words
    • Article
      Artistic director of Joffrey Ballet quits
      257 15 CHATTERBOX GERALD ARPINO resigned as artistic director of the Joffrey Ballet on Tuesday and also withdrew his and Robert Joffrey's works from the company's repertory. His resignation came after the company's board of directors in New York voted to establish a nine-member operating committee
      257 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      220 15 AND ENTERTAIN .1 High Fashion At High Tka. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. A© Century l*ark Sheraton Singapore 16 NASSLM HILL, SINGAPORE 1025. TEL: 732 1222. CENTURY PARK SHERATON IS OPERATED
      220 words
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      Page 15 Advertisements Column 2
      255 15 q J* a tet <j>_ o* I The Perfect Seafood Feast It's the biggest catch at lunchtime. w \r" Jack's Seafood Garden. dishes. Prepared with the I y freshest of ingredients. In B many different styles. A ATw' Shredded Sea Blubber Skin Braised Eel with Garlic —$12 Seafood Soup (Jack's
      255 words
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      Page 15 Advertisements Column 3
      159 15 LUNCHING HIE CARLTON BRASSERIE ALWAYS MAKES GOOD BUSINESS SENSE. If you're looking for a superb lunch in a quiet, pleasant ambience, come for our Business Banquet. Begin with our appetizer buffet that includes firesh oysters, salmon and pate. Then choose from 4 main courses daily, with U.S. Beef Tenderloin and
      159 words
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      Page 15 Advertisements Column 4
      330 15 SUNDAY I FAMILY I BRUNCH B $12+ MB (S for children under 12) TEE-OFF CAFE IhU MARINA BAY GOLF COUNTRY CLUB Kfl 6 MARINA GREEN SINGAPORE 0101. FOR RESERVATIONS PLEASE CALL 221 2811/322 4221 li lIIIKIXSH gTE)F3^A6EH Great Meals I lin an Intimate Setting For a delightful but informal meal,
      330 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares close firmer on slightly higher turnover
      4442 16  -  By William Chia SHARE PRICES on the Singapore stock market yesterday closed generally higher on improved turnover in what was viewed by many players as a technical rebound. Market sentiment and activity on the local bourse picked up slightly on the back of
      4,442 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4051 17 Main Board SIA Foreign 1900 40 +^.2% OUE +25 +2.9% Asia Pacific 1030 20 2.0% Pnma 585 +15 +2.6% Singmarine 50" 430 +14 3.4% DBS Land 299 +11 +3.8% SIA 1290 +10 0.8% Nat Iron 865 +10 +1.2% UOB Foreign 590 +10 +1.7% Inchcape 540
    4,051 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      256 18 Company Oat* Vur Group Not Not earnings Gross ana to profit/loss (L) por share dividend ('000) (cents) Smjatromcs May 2 Dec 89 J4.6«9(J6.165 4.1(5.4) 12 5TE(12.5TE) Keppe* Ftn Apr 30 Dec 89 $5.169($96) 8(-) 4(-) S Steam Land Apr 28 Dec 89 $19,375($16.694) 62(5.3) 10(4TE) Liin Kah Ngam
      256 words
    • Article
      DIVIDENDS ANNOUNCED
      1315 18 Currant Ex Ittks Oat* Total I* Trial tor payment data ctoaa payable ttw year last year A vino 15%TE Feb 28 Mar 12 May IS 25%TE 25%TE Boustead 5* (I) Apr 18 May 4 lun 7 5* 15* Bousteadco 3% Apr 25 May 10 km 18 6% 411(a)
      1,315 words
    • Article
      PROPOSED ISSUES
      321 18 Company Rights kmm Ci»n toe Cap** reduction scheme to reduce par value of shares tram $1.00 to JO GO; Rights issue of 3.2 fe JO 60 per share F ACS One-tor-one e MJO 50 per share Fate Marti One-tor-one MJ0.25 per share. Wtowed by a share swap of
      321 words
    • Article
      PRELIMINARY RESULTS
      123 18 fimyt-T Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share divlrkmd (•000) (certs) lacks Int Apr 30 Jan 90 $1,096(J2.724) -<—) Mt Pleasure Apr 30 Jan 90 IKI$6.572l (MS6.736) Ganda Holdings Apr 30 Sep 89 M$161.368(M$169.728) Perils Plant Apr 24 Dec 89 M$156.667(M$169,564) 34(44)
      123 words
    • Article
      RESULTS DUE
      574 18 Singapore Stocks Coipany Penod Date Yea M ffS bees M imiud endnf (cafe) pnM last year (mi) BMT Interim lan 27 tun 90 1896 100 0 516 Mai Final Fab 28 Nov 89 391 10.0 11,728 Marc* P* final Mar 27 Ok 89 3.4711 Lm* Hot tnteran Mar
      574 words
    • Article
      INTERIM RESULTS
      83 18 Company Date Hatt-year Group pre-tax Interim ann to profit/loss (L) dividend ('000) SPH Apr 27 Feb 90 $84.977(J60.194) 8(8) Cerebos Apr 27 Jan 90 $33,904($30.676) NST Apr 20 Feb 90 M$37,114(M$13.674) 10(6.5) Times P«b Apr 20 Feb 90 $18.904($15.694) 4(4) Ms,an fey Apr 12 Mar 90 M$19,612(M$13.783) TV3
      83 words
    • Article
      BONDS, LOANS & WARRANTS
      614 18 BONDS, LOANS WARRANTS Cnpay CNNnlM|«M CiMnha tni kr M «iMqi Caam tow Cam« 2/10/19 to 21/10/* 1 warrant phs SI a* or 1 «nH pin <1 warn* aawawt of Ina Ml Qw Mf Ihrdi >7 ta 31/12/91 1.55 >155 ask Own H* Wm 1/8/89 to 29/7/94 1 warrant plus $1
      614 words
    • Article
      CORPORATE DEVELOPMENTS
      148 18 Mm 2 War-Pacific MwtrW Group M has sold its entire 6.9% stake in Heilig Meyers, a company listed on tt» Ntw Yorti itoc* Exchange Maya Ciawitil (V) (M is reconsidering its proposal of a five-year bond with "equity warrants fotowuif the Mrwination of an agreement to acquire Consumers
      148 words
    • Article
      APPROVED ISSUES
      327 18 Company Rights Issue Apsh Or*-(orone SI 85 per share Ex-date Apr 23 Books Close: May 7 Acceptance Payment NYA MM One-tor lour ft MJ2 40 per share Ei4ate Mar 8 Books close Mar 22 Acceptance I Payment May 10 lioi Hdc Capital Restructuring Scheme (CRS) wvohnnf the cancelation
      327 words
    • Article
      RECORD HIGHS & LOWS
      133 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 h*t 1402.22 (6/2/90) |J» J* |g- JJ 1990 tow: 1254.18 (2/5/90) «0 J*J{ 1989 toftc 1322.00 (28/12/89) J* J*7.J| 1989 tow ***** (4/1/89) 1989 tar 1030 69 (4/1/89) 1988 N* *****6 (8/8/S) J» <™g 1988 tow; 737.83 (4/1/88) 19W M-tone
      133 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      277 18 NOTICES PARTANA PRIVATE LIMITED (I> Menken' Voluntary Winding Up) Liquidator's Office: Level 19 Gateway East Tower 152 Beach Road Stagapare fllS NOTICE OF FINAL MEETING NOTICE IS HEREBY QtVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting of the Company will be held
      277 words
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      Page 18 Advertisements Column 2
      352 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND WOOLPACK SINGAPORE PRIVATE LIMITED At an Extraordinary General Meeting of the Company held on 24 Aprtl 1990 at 4SO St Kilda Road, Melbourne, Vic 3004, Australia the following resolutions were passad:1. SPECIAL RESOLUTION WMMNQ-UP That Woolpack Since pore Private Limited
      352 words
    • Advertisement
      Page 18 Advertisements Column 3
      440 18 IN THE MATTER OE THE COMPANIES ACT, CHAPTER M O. TING ft SONS PTE. LTD. (la Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY OIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final General Meeting of the Members of the abovenamed company will be held
      440 words
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      Page 18 Advertisements Column 4
      45 18 \o^\ Early Learning Is Vital! %Lodyfatrd I telling the I time I 10 2 A V J I Lodybrd I countino I 0123 (+56 789 %Lodybird I colours i| M mm\ I odybird I Only $3.25 each I I4MWW I Times Th« Bookshop I *J
      45 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Buyers and sellers jostle in a mixed market
      3624 19 Bernama, MBT, Reuter SHARE PRICES on the Kuala Lumpur stock market closed mixed as bargainhunting was interspersed with profit-taking activity, especially in the middle of the session. At the close, losers slightly outnumbered gainers by 82 to 78 while 47 other counters
      Bernama,; MBT,; Reuter  -  3,624 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      164 19 SINGAPORE BUSINESS/SAMSONITE SUBSCRIPTION PROMOTION S LUCKY DRAW PRIZE EXCLUSIVE! Subscribe or renew your subscription now. The first 80 Wt subscribers will get a Samsonite Dynasty Carry On bag each worth $65. (For Singapore subscribers only) HhE? Subscription rates: "East Malaysia *****.00 Overseas -5594.00 'NOTE: Overseas yearbook I I SUBSCRIPTION/RENEWAL FORM
      164 words
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  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Light afternoon buying reduces early losses
      2503 20 HONGKONG stocks regained most of the day's losses to close slightly lower in light, relatively featureless trade yesterday. "Volume is still quite low and institutional activity limited," said an analyst with a local firm. "The market lacks incentives." The blue-chip Hang Seng Index lost
      2,503 words
  • Article, Illustration
    TOKYO STOCK EXCHANGE
    1734 20 Vol Close High Low (*000) Isuzu 40,307 1130 1150 1120 +10 Nippon Mining 12,186 990 1010 986 -10 NKK 12,702 593 600 575 +5 Furukawa Elcc 10,168 855 856 831 +44 Hitachi 7,802 1600 1620 1580 unch Nippon Steel 7,699 590 595 572 +19 Sumitomo Heavy 7,576
    1,734 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      23 20 The Tokyo market was closed yesterday. The following are Wednesday's closing prices. The market will remain closed today. Technology in BT every Tuesday
      23 words
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  • REGIONAL STOCK MARKETS
    • Aussie shares firm; Seoul stocks soar
      • Article
        AUSTRALIA
        963 21 AUSTRALIAN shares closed firmer but off their highs yesterday following news of a larger-than-expected March current account deficit. The All Ordinaries Index finished 4.8 points up at 1,467.5 after touching 1,476.4. "The current account deficit (of A$ 1.796 billion unadjusted) completely took the wind out of the market," one
        963 words
      • Article
        BANGKOK
        662 21 THAI STOCKS rose slightly yesterday with strong trading on the finance sectors. The SET Index gained 5.20 points to close at 856.45. Turnover stood at 13.57 million shares valued at 1.85 billion baht. Most traded shares belonged to finance companies General Finance, CMIC and First City. Winners and losers
        662 words
      • Article
        MANILA
        510 21 PHILIPPINE shares yesterday fell again after Wednesday's brief price rebound as the market reverted to a selling stance on caution about news reports of possible electric power rate increases in July, brokers said. "The market is very weak and remains susceptible to any bad news," Louie Bate, trader at
        510 words
      • Article
        SEOUL
        902 21 IN ITS BIGGEST single-day gain ever, the Seoul Stock Exchange's Composite Stock Price Index jumped 32.37 points, or 4.5 per cent, yesterday, closing at 750.82 points. The previous record gain of 29.79 points was set on Tuesday, after the index closed at an 18-month low of 688.66 on Monday.
        902 words
      • Article
        TAIPEI
        384 21 TAIWAN share prices finished broadly lower yesterday after swinging back and forth during the day as an early rally petered out. The Weighted Index fell 72.26 points, or 0.8 per cent, to end at 8,502.28 compared with Wednesday's 8,574.54 finish. Turnover was NTS 108.3 billion against NTS9I.I billion. Investors
        384 words
      • Article
        NEW ZEALAND
        313 21 NEW ZEALAND shares broke through 1,700 points to end higher in active trade yesterday following improved sentiment overseas and the announced sale of State Insurance. The Barclays Index was estimated to have closed at 1,711.44, up 18.32 points. "It's certainly better but it's got a long way to
        313 words
      • Article
        JAKARTA
        357 21 THE JAKARTA stock market index yesterday rose six points to 642.16 and on higher turnover of 3.7 million shares overcoming uncertainty over new regulations on small lot trading. 'Trading has been very encouraging today despite uncertainty about the new regulations," one broker said. Jakarta Rupiah VoHUO) Aqua Golden M
        357 words
      • Article
        Untitled
        408 21 Close Previow May 3 May 2 SYDNEY All Ordinaries Index 1,467.5 1,462.9 +4.8 All Industrials Index 2,276.9 2,268.9 8.2 Ail Resources Index 848.9 846.7 2.3 Turnover (million) 83.93 79.04 4.89 BANGKOK SET Index 856.45 851.34 +5.20 Turnover (nearest *000) 13,570 15,724 -2,154 JAKARTA Composite Index 642.16 636.16 6.0 Turnover (nearest
        408 words
  • Page 21 Advertisements
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  • WORLD STOCK MARKETS
    • US blue chips end higher on late buying
      • Article, Illustration
        NEW YORK
        1330 22 A LATE BURST of futures-related buying and some short-covering helped US blue chips break out of a narrow range and lifted prices to end at their session highs on Wednesday. Interest in technology and energy issues supported the rise. The Dow 30 index ended up 20.72 points to
        1,330 words
      • Article, Illustration
        LONDON
        920 22 SHARE prices finished higher in light trading on the London Stock Exchange on Wednesday, largely led by strength in stock-index futures, firmness on Wall Street and a flurry of bullish corporate results. The Financial Times-Stock Exchange 100-share index closed up 19.7 points, or 0.9 per cent, at 2,137.6. The
        920 words
      • Article
        AMSTERDAM
        260 22 DUTCH share prices ended a lacklustre day's trade on Wednesday slightly lower, shrugging off gains on the London and Frankfurt exchanges as guilder bonds fell and adverse company news hit sentiment, dealers said. Most-active-ly traded truck maker DAF closed 5.30 guilders down at 28.00 guilders after hitting an early
        260 words
      • Article
        FRANKFURT
        199 22 WEST GERMAN share prices closed just over 2 per cent higher yesterday as renewed confidence in shares sparked a spurt of domestic buying interest. Dealers, who were somewhat surprised by the market's continued advance, said share prices were higher across the board, but much of the buying focused on
        199 words
      • Article
        PARIS
        143 22 FRENCH share prices built on opening gains on steady domestic buying of blue chips yesterday, but dealers warned that the market could slip back again by today as operators wound up positions ahead of the long weekend. The CAC--40 index was up 27.31 points at 2,093.34 by 1100 GMT
        143 words
      • Article
        JOHANNESBURG
        413 22 JOHANNESBURG gold shares were quietly easier at mid-day yesterday, continuing their recent downward trend in hesitant trading as economic and political uncertainties continued cast a shadow over the stock market. Investors are cautiously awaiting news from the historic three days of "talks about talks" between the African National Congress
        413 words
      • Article
        MILAN
        154 22 MILAN stocks yesterday showed moderate gains at the opening in livelier trading than previous sessions this week, but most operators adopted a wait-and-see attitude ahead of this weekend's important local elections. Gains on Wall Street and opening price rises in Frankfurt helped boost sentiment, dealers said. The MIB index
        154 words
      • Article
        ZURICH
        272 22 SWISS shares traded firmer at mid-ses-sion yesterday as blue chips led the market higher. But dealers were uncertain whether it was a mere technical correction or the beginning of a lasting recovery. The all-share SPI index stood 10.3 points higher at the day's high of 1,060.5. The SMI index
        272 words
      • Article
        Untitled
        293 22 May 2 Ooae Prrriom NEW YORK Dow Jones 2689 64 2668.92 20.72 NYSE Financial 136.66 135.31 +1.35 SAP 500 334.48 332.25 +2.23 Turnover (million) 141.61 149.02 -7.41 L0N00N Financial Times 30 1678.0 1663.5 +14.5 FTSE 100 2137.6 2117.9 +19.70 Turnover (million) 433 370.8 +62.2 AMSTERDAM CBS General 192.40 ***** +0.80
        293 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Yen ends higher against US$ in thin trading
      913 23 REPORTS THE US DOLLAR ended lower against the yen on unwinding of long mark/yen positions in thin trading in Hongkong and Singapore yesterday. Trading was thin and quiet with Tokyo enjoying a long weekend and ahead of today's release of US employment
      913 words
    • Article
      Lock icon Australian inflation rate has peaked: economists
      297 23 Reuter AUSTRALIA'S Consumer Price Index eased for the third consecutive quarter, indicating that inflation has finally peaked, economists said on Wednesday. Inflation rose 1.7 per cent in the first quarter of 1990, in line with most market ex pectations, compared to a 1.9 per
      Reuter  -  297 words
    • Article
      INTERBANK FOREX RATES
      389 23 Cross rates M»y 3 US$ SS MS Dm Yen SFr AS NZS USS 1.8725 2.7100 1.6840 157.90 0.6101 1.4545 1.3289 1.7483 SS 0.5340 1.4473 0.8993 0.8433 0.3258 0.7768 0.7097 0.9336 MS 0.3690 69.10 0.6214 0.5827 0.2251 0.5367 0.4904 0.6451 Dm 0.5938 1.1119 1.6093 93.76 0.3623 0.8637 0.7891
      389 words
    • Article
      MONEY MARKET
      566 23 Interbank rates S$ Bid Offer Overnight 6 1/8 6 1/4 1-month 6 1/2 6 5/8 2-month 6 5/8 6 3/4 3-month 6 3/4 6 7/8 Overnight mode: 6-5/16 US> Bid Offer 7 days 8 5/16 8 7/16 1 month 8 7/(6 8 9/16 2 months 8 9/16 8
      566 words
    • Article
      Lock icon Aussie dollar plunges on news of large deficit
      322 23 Reuter THE Australian dollar fell dramatically following the release of a March balance of payments deficit which dealers labelled "disastrous". The Australian Bureau of Statistics announced a Asl.Bo billion unadjusted deficit and a seasonally adjusted A 51.92 billion deficit, sharply above economists'
      Reuter  -  322 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1414 23 SIMEX EUiOOOUAH S Open High Low Sett Est Vol Op/lnt Vol J Jun 90 91.13 9LU 9U2 9U4 1978 ***** 3070 < Sep 90 90.79 90.82 90.78 90.81 3451 9662 2835 Dec 90 90.58 90.62 90.58 90.61 723 2962 587 Mar 91 90.50 90.53 90.49 90.52
      1,414 words
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  • COMMODITIES
    • Article
      Lock icon Opec agrees to cut output by 1.44m bpd
      268 24 Reuter OPEC president Sadek Boussena of Algeria announced last night that Opec had reached an accord to cut its oil output by 1.445 million barrels per day (bpd) through to the end of July. He estimated output in April at 23.S million
      Reuter  -  268 words
    • Article
      Lock icon US offers to sell wheat to China
      228 24 Reuter THE United States offered to sell China two million tonnes of subsidised wheat on Wednesday despite recent strained ties over Beijing's crackdown on political dissent. The offer of cheap US grain to China was the second since the Tiananmen incident last June.
      Reuter  -  228 words
    • Article
      CFTC wants futures battle to end
      286 24 THE chairman of the Commodity Futures Trading Commission has called for an end to a turf battle with the Securities and Exchange Commission over jurisdiction of stock index futures. "It is time to stop this recurring and unproductive battle. Let's enact important market reform
      286 words
    • Article
      Gold languishes in face of investor apathy
      820 24 REPORTS HONGKONG: Gold came off in thin dull trade for no particular reason other than an all-pervading lack of interest, dealers said. "It's a Japanese holiday so participation was low and while there's a view that the metal is weakening slightly there are
      820 words
  • Article
    PRICES
    1343 24 Rubber May 2 .j.m.-n—r Scents/kg Noon Close Int 1 RSS Prompt Int 1 RSS June Int 2 RSS OP Int 3 RSS OP Int 4 RSS OP Int 5 RSS OP I58.7VI59.75N 160.75/161 25 152.50/I54.50N 147.00/I49.00N 143.00/I45.00N 138.50/140.50N 158.50/159 50N 160.50/161.00 152.50/154 50N 147 00/149 OON 143.00/145 OON 138.50/140
    1,343 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      819 24 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I LOH YAP LAN of Block 5, Delta Ave #03-01, Singapore (0316), have applied for a Second Class Public House Licence in respect of premises at M/s Pizza Hut at 293 Holland Road, #02-03/04 Cold Storage Jelita, Singapore 1027, and that this application
      819 words
    • Advertisement
      Page 24 Advertisements Column 2
      345 24 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND INTHE MATTER OF CHEE REALTY PTE LTD (In Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 37 Kallang Pudding Road #05-01, Block B Tong Lee Building, Singapore 1334 on Friday, the
      345 words
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      Page 24 Advertisements Column 3
      15 24 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1006 25 City FHM ETA Hgt CTO AhaDkaM SRI87 1955 GA890 2240 FA970 2255 JUataH* SQ225 2215 0—W RJ182 1445 RJ183 2320 KL835 1415 KL836 2115 SQ23 1810 QF16 1820 GA890 2240 Hkmn SQ31 0825 0A471 2205 Aaddaad TE25 1800 BA11 1455 SQ338 1925 TE28 1920 BA12 2200
      1,006 words
    • Article, Illustration
      The spire that inspires serenity
      848 25  -  LETTER FROM SALISBURY By Michael J Woods THE STREAM beside the path was buried beneath a jungle of rustling reeds from among which came the creaking sounds of young reed warblers. The same breeze carried the scent of meadowsweet. Its creamy blooms, together with the
      848 words
    • Article
      MONEY CHANGER RATES
      152 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4100 1.4300 Canadian dollar 1.5910 1.6110 NZ dollar 1.0600 1.1000 Sterling pound 3.0550 3.0750 US dollar 1.8710 1.8810 Local dollars to 100 units of foreign cvrrency Austrian schilling 15.40 15.60
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      119 25 Duration Tide Venue Organiser T Duration Title Venue Organiser Apr 27 International W« [Xwsckkxfer (49)211/4560- "90 Convention lixhatnai May 10 Fair Printing Germany Messegesellsch- 01 Exhibition Trade Fain Ltd and Paper aft mbH Nowea Centre Trade Fain Ltd Msv IVI8 The Out ions Insead's The Options 312-322-2574
      119 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      49 25 ■t TAD OMTH 1 I I I I I I I Airport it ZiJjj noun ano imviw it Lcucr d. I J I J I I Ptanon International Airport th« following day. C*U yamr rrmvd sgtnl or Air OuutL M 7)2 if ii. A BreathOf Fresh Air Air Canada
      49 words
    • Advertisement
      Page 25 Advertisements Column 2
      103 25 \0? It could be a controversial deal between two stock market stars, a thought- provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of
      103 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      304 25 6 Outraged, though that's possibly dead secret (10) r j j j 8 Join to make a saving (4) —taJ— 9 A bull maybe stays outside when tranquillisers are giv- I ~111 Camouflage for 13 Career, put first, and quite —■■r Lh rightly, this plant 16 Fighting men getting together
      304 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      213 25 Singapore Outlook: Showers over several areas in mooring and early afternoon. Report Max temp. 31.3* C Assoc humidity 69% Min temp. 25.2* C Assoc humidity 94% Hre of sunshine 5.85 Rainfall in mm trace Rainfall this mth 13.9 Rainy days this mth 13.9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 18/12
      213 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      29 25 Tt?p\SH PnNP A] fHUWT 6A14?..n0u> per ><boC Pillwg k V VtcT J \x± L fb'^Ts^ IS Q\J«-rt Pv CCS%Cl>«e>Le i Sec y Q EVENING STANDARD CO. LTD., INMMt 8163
      29 words
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  • Article
    No priority claim on CitySec's Letters of Hypothecation
    526 26  -  By Conrad Raj AFTER MORE than two and a half years, the High Court has on Friday declared that financial instruments known as Letters of Hypothecation (LOHs) of former stockbroking firm City Securities provided a floating charge and not a fixed charge
    526 words
  • Article
    Lock icon China may reveal details of foreign debt guarantees
    308 26 Reuter CHINA is considering releasing details of its foreign debt guarantees for the first time, say Hongkong-based bankers. A senior Chinese official said last month that an internal survey by the government had indicated that Beijing had guaranteed a total of US$7O
    Reuter  -  308 words
  • Article
    Lock icon Study recommends flexible wage policy for Malaysia
    328 26 Bernama MALAYSIA needs a new wage policy with flexibility as a built-in feature of the system as the central weakness of the present wage system is its inability to adapt to a rapidly changing economic environment, according to a study on wage trends
    Bernama  -  328 words
  • Article
    Lock icon London markets get extra £250m after theft
    141 26 FT THE BANK of England injected extra liquidity into London's money markers on Wednesday after a City messenger was robbed at knifepoint of treasury bills and certificates of deposit worth £292 million. The bank also agreed to protect the owners of the bonds
    FT  -  141 words
  • Article, Illustration
    Walk with destiny
    49 26 Meeting for their "talks about talks" on dismantling apartheid. South African President FWde Klerk and his former prisoner, African National Congress leader Nelson Mandela, took a stroll together in Cape Town on Wednesday. The talks are the first ever between the government and its long-time opponent.
    49 words
  • Article
    Lock icon New wealth disclosure rules for NZ Cabinet
    173 26 Reuter NEW ZEALAND Prime Minister Geoffrey Palmer yesterday issued new guidelines obliging Cabinet ministers to reveal their financial interests following allegations about his Labour government's links with big business. The rules, which come into effect on June I, were intended to avoid conflicts
    Reuter  -  173 words
  • Article
    Human resource group plan gets Pecc support
    340 26  -  By Shoeb Kagda SINGAPORE'S proposal for a study group on Human Resource Development within the Asia-Pacific region has gained strong support from member-countries of the Pacific Economic Cooperation Conference (Pecc) now meeting in Singapore. The proposal, which is to go before the Pecc
    340 words
  • Article
    Lock icon Aquino introduces daylight saving time
    136 26 AFP PHILIPPINE President Corazon Aquino yesterday issued an emergency order moving the country's clocks forward by an hour later this month and limiting the use of neon lights to help ease an acute power shortage. "A Daylight Saving Time (DST) shall, effective May 21, 1990,
    AFP  -  136 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      0 26
      0 words
    • Advertisement
      Page 26 Advertisements Column 2
      210 26 unurssz/MAfluiM BE THE ENVY OF CAR OWNERS Visitors/ VIPs in town? Vehicle under repair? Urgently require a car at short notice? AtAB, we have just the vehicles for all your rental requirements. Sparkling clean vehicles Latest luxurious models Competitive rates Daily, weekly, monthly, yearly rental Self drive or chauffeur driven
      210 words
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  • Shipping Times
    • Article, Illustration
      KCT throughput crossed 40,000 TEUs in March
      419 27  -  By Othman Abu Bakar THE NUMBER of containers handled by the Kelang Container Terminal (KCT) in March breached, for the first time in the company's history, the 40,000 twentyfoot equivalent unit (TEU) mark for a single month. It recorded a throughput of 40,323
      419 words
    • Article
      Alitalia revamps Italy-Australia service
      271 27  -  By Dexter Lee ITALIAN national carrier Alitalia is taking Singapore out of its Italy-Australia-Italy passenger service starting next month, but the route for its cargo freight service between the two countries remains unchanged. From June 1, passenger flights between Italy and Australia will be made via
      271 words
    • Article, Illustration
      Crown Pacific diversifies into industrial packaging
      260 27  -  By Rahita Elias CROWN PACIFIC has added a new industrial crating and packaging division to handle shipments ranging from fine art to heavy equipment. The new unit offers specific and unique containers for such shipments. This division, said the company, also provides a cli-mate-controlled
      260 words
    • Article
      Lock icon EC seeks to extend shipbuilding aid
      118 27 AP THE EC Commission on Wednesday proposed a twoyear extension, until the end of 1992, for its aid scheme for shipbuilders. The Commission said it would also toughen its rules on aid for building small ships during the two-year ex- tension. Current EC legislation
      AP  -  118 words
    • Article
      Evergreen may streamline sales ops with subsidiary
      279 27 TAIWANESE shipping major Evergreen may set up joint sales operations with its subsidiary Unigloi7 Marine, which is a competitor on several intra-Asian trades. Evergreen president Kuohu Chang hinted to Seatrade Week of a future tie-up between Evergreen's sales staff and that of Uniglory
      279 words
    • Article, Illustration
      Van Ommeren Shipping in tie-up with Pils
      375 27  -  By Dexter Lee IN A MOVE to cash in on the growing economic activity in Batam, Van Ommeren Shipping (Singapore) has formed a strategic tie-up with a company which runs a barge service between the island and Singapore. The Singapore company, Petrolog Indah
      375 words
    • NEWS SUMMARY
      • Article
        Private sector can invest in Indon ports
        46 27 INDONESIA will allow private investment in container terminals to ease the congestion at the country's ports. Transportation Minister Azwar Anas said private investors could build and operate container terminals, but government agencies would retain control of administration and customs.
        46 words
      • Article
        Sydney port workers return to work
        44 27 SYDNEY port workers returned to work yesterday after a stoppage meeting by maritime unions over the privatisation of New South Wales port facilities. Work was resumed at about 0500 GMT and discussions with the state government will continue.
        44 words
      • Article
        HK's forwarders still thriving
        25 27 DESPITE fierce competition among themselves, as well as from ocean carriers and the mighty consolidators, Hongkong's forwarders are thriving Page 2
        25 words
      • Article
        EC seeks powers against airlines
        31 27 THE European Economic Community's Commission would seek special powers to block airlines that use predatory practices in prices or route schedules against smaller competitors Back Page
        31 words
      • Article
        APC suffers loss of US$2.s5m
        37 27 AMERICAN President Companies suffered a loss of USS2.S million for the three months ending April 6, compared with a net income of US$5.B million over a similar period last year Back Page
        37 words
    • LOG BOOK
      • Article
        United expands Asian service
        80 28 UAL CORP'S UNITED AIRLINES has begun service between Los Angeles and Seoul with continuing service to Taipei three times a week and launched a San Francisco-Taipei-Bangkok service four times a week. In addition, Unity's daily Tokyo-to-Seoul flight will offer continuing service to Taipei and Singapore. The
        80 words
      • Article
        BA granted more Berlin routes
        104 28 BRITISH AIRWAYS pic has been awarded licences by the UK Civil Aviation Authority to operate scheduled services linking Berlin with Copenhagen, Zurich, Milan and Moscow. BA said services on these routes will be started as soon as the governments of the countries involved had glanted
        104 words
      • Article
        Record profit for Air India
        93 28 AIR INDIA EARNED a net profit of US$32 million, a new high in its 57-year history, a senior airline official said on Wednesday. Air India managing director Rajan Jetley said that the profit earned during the fiscal year ended March 3"t was US$7 million up
        93 words
      • Article
        Greek anti-pollution measures
        92 28 THE GREEK GOVERNMENT has announced a series of measures aimed at combating sea pollution by ships. Prime Minister and Merchant Marine Minister Constantine Mitsotakis said waste disposal facilities would be built at all Greek harbours. Coast guards would be equipped with special boats to dissolve oil slicks
        92 words
      • Article
        UK tanker rescues 13 refugees
        55 28 A BRITISH TANKER has rescued 13 refugees from a wooden motorboat drifting off Vietnam and will arrive with them at the Japanese port of Oita on Sunday, immigration officials said on Wednesday. Taiwan authorities refused to take the refugees when the 43,733-ton tanker Gas Enterprise
        55 words
    • Article, Illustration
      Lock icon The adaptable and thriving forwarders of Hongkong
      1654 28  -  Despite fierce competition among themselves, as well as from ocean carriers and the mighty consolidators, Hongkong's forwarders are thriving. David Eller reports. David Eller Containerisation International Forwarders based in Hongkong are currently confronted with circumstances which are unique, even in an industry which
      Containerisation International  -  1,654 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      555 28 DenvtyWiter Residue Ash Ulurnm Sedment DwcntyWatcr BmMw Uk MmMm Utom* M M M/M Exion Exxo.1 KG/IT3* V/V M/M MM PPM method RG/IT3* V/V M/M M/M PPM method BO/Canx Mts Spec E25 wTo 151 jjO 3oj lj<r~ jj Spec G35 9911.0 180 015 30 010 Igg y
      555 words
    • Article
      THE SHIPPING GUIDE
      12442 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,442 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        480 43 fctMi fry Hi B«ft jwtwl Deparint Vessel Yoy No Berth Anwal Oip«l*M KmmI Wharves Bons I /90 P3E 0405/0700 05 05/0700 Equator lade 10/90E P2C 0405/0200 0405/0600 Ittaram 26WB K18 atongsrie M W/0500 [qMt£K 1Q/90f p B Q405/0600 0505/0600 Bon 4#stan L !S! SJS/ISS FENa 10W6 P4B
        480 words
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        CONTAINER SCHEDULE
        1733 43 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO Transtaner Schedules SNp Voy No An Date fine From To Bookinf Gate Op G4i S Aka Bhum 18S 05.05.90 0100 04/1400 04/1444 Tlx/Fa 2 A2 00 F05 p N Ahmadiah 63A 05.05.90 0700 04/0815 04/0859 Portnet 2 PI 00 F05
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      • Article
        IN MALAYSIAN PORTS
        310 43 Port King South Port Sto4t Aquamarine berth 1; Dandan berth 2; M berth 3; Santos berth 4; Hung Lee 4 berth 7. KCT: Kota Machan berth 8; Kap Kozlovskiy berth 9; Anson berth 9; Bunga Permai berth 10 Norlh Port Junior berth 11; Ping Jiang berth 11;
        310 words
    • Article
      DAILY FREIGHTS
      876 43 RATES continued to ease in the dry cargo freight market on Wednesday, although chartering activity remained routine due to the extended holiday in Japan, brokers said. In the grain sector, charterers achieved lower rates for voyages from the US North Pacific. A vessel to South Korea was fixed
      876 words
    • Article
      Lock icon EC Commission seeks powers against predatory airlines
      422 44 AFP THE EUROPEAN Community's Commission announced on Wednesday that it would seek special powers to block airlines that use predatory practices in prices or route schedules against smaller competitors. "The Commission's proposals reflect the aim of creating a liberalised single market in air
      AFP  -  422 words
    • Article, Illustration
      Lock icon Australia may vaccinate sheep for Saudi Arabia
      191 44 Reuter AUSTRALIA may vaccinate millions of sheep against a form of cold sore before sending them to Saudi Arabia, which has turned away 150,000 live sheep because of the infection in the past few weeks. Bruce Standen, managing director of the Australian Meat
      Reuter  -  191 words
    • Article
      APC incurs US$2.5m loss in net income
      303 44 AMERICAN President Companies suffered a loss of US$2.5 million for the three months ending April 6, compared with a net income of US$5.B million over a similar period last year. This major American shipping and intermodal group specialising in the transpacific liner trade
      303 words
    • Article
      Lock icon US may relax meat import regulations
      168 44 Reuter THE UNITED STATES Agriculture Department has proposed to relax some of its current regulations on imports of fresh, chilled and frozen meat and milk and milk products of ruminants and swine. It said the proposal would affect shipments coming from countries free of
      Reuter  -  168 words
    • Article
      Lock icon Chevron's foreign concerns playing bigger role
      253 44 Reuter CHEVRON Corp's foreign investments play an increasing role in the company's operations, vice-chairman Dennis Bonney said. "An increasing portion of our capital spending is shifting toward our international sector, particularly in exploration," Bonney told the company's annual shareholder meeting. "This year we expect
      Reuter  -  253 words
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      Page 27 Advertisements Column 1
      272 27 SSWK IBK METAL CO PIE LTD UTu««y(i4 > iMiMK(cau me*, wiwtsshmcw. TEL: HI MM <»•*>« TWLVAX Ml MM WCTSH oesjG* »«av»Tio« ooAu-nr emomecwmg EASY ACCESS Europe is today s major market challenge. To Whether by means of water, air, road or rail, the approach 320 million consumers you need the
      272 words
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      Page 27 Advertisements Column 2
      28 27 Contaner Schedule 17 My Fraghts 17 Me to Mwtmn 3 Sfcppni Gwdt 10,11 Shps« Port 17 Singapore Tides 17 Vontas bunk* report 2 Weather and So Condtam 17
      28 words
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      220 28 In line with our expansion plan into the INDIAN SUB CONTINENT, we are proud to announce to all our valued customers of our taking delivery of our next Danish Flag Vessel "JORGEN VESTA" which will commence the Singapore/Madras/Singapore Shuttle Service on 4th May 1990. 4/5 10/5 17/5 23/5 29/5 4/6
      220 words
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      Page 29 Advertisements Column 1
      1931 29 %11 If# 200 Cantonment Road #12 05 Southpo.nl, Sinppore 0208 Miff# TH *****11 TELEX NO RS ***** ■Vffßllll TERMINAL CFS Tel *****18 220 V ***** BOOKINGS u *****34 235 VkV# J PESAKA JAR DINE SHIPPING AGENCIES SON BHD PORT KELANG TEL *****11 NO knang tel *****4 telex no MA***** cfs
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      Page 29 Advertisements Column 2
      1263 29 MDEX TOfIDVERTJSERS Page Col P*B* Col Madju Sdn Bhd 16 1/2 Jo Macrsk Line 3 4/5 ABC Containerline 13 5 Mainfreight 15 4 Accord Shpg 8 3-5 Malagasy Lines 4 3 Albatros Sea-Air 14 5 oMISC 14 1-3 Alfred C Toepfer 15 5 M'sia Shpg Corp 9 1/2 oAhrenkiel Liner
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      Page 29 Advertisements Column 3
      2172 29 Vessel Voy ETA I ETO 'Port 'Penarvg 1 DESTINATIONS C' Singapore Kelang I Tlms week Lars M 9006 Feeder by CV ars 0400 MRS M Fareo t MMM CFS —7* 1800 MRS M Tauro OAK LGB MCKJ MEM ATU MIA CHS BAL PHL NYC MOW TOW LARS M 9006 8/5
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      Page 30 Advertisements Column 1
      902 30 iM IMMIBAIMI PTE LTD WE ARE NOW LOCATED AT: 17, UPPER CIRCULAR RD #02-00 JUTA BUILDING SINGAPORE 0105 OUR CONTACT NUMBERS ARE: TEL: 534-0456 221-0108 (SALES/ BOOKINGS) FAX: 534-0040 TELEX: RS ***** trans pacific service sfflT r WEEKLY FULL CONTAINER SERVICE TO UM SIN HKG IBH I OAK SEA I
      902 words
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      Page 30 Advertisements Column 2
      508 30 SOUTH PACIFIC SERVICE SIN POM SUV PPT ISLA FLOREANA 25/5 11/6 21/6 28/6 DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 25/5 25/5 11/7 12/7 VS. JAYA: 03-*****30 JOHORE- 07-*****3 PKWANG: 04-*****7 Mzniz^y NORTHBOUND TO UKC SPORE ROM/A DAM HBC HULL(U.K) CLYDEBANK V.2BN 14/5 »/6 13/S IV» TAMAITAI SAMOA
      508 words
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      Page 30 Advertisements Column 3
      1450 30 Q| wmk&mMM, sni REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE tj VSL/VOY SIN CLM ALG BCL Fa HAM BRE ROT ANT LHA (VIA (VIA (VIA ALG) NAM) ROT) NOR ASIA MUBARAK 9009-3 01/05 12/05 30/05 01/06 02/06 0406 05/06 06*6 07 <06 N£ NORASIA AL-MANSOORAH 9010-3 11/05 15/05 01/06
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      Page 31 Advertisements Column 1
      1033 31 Steamers Maritime Holdings Ltd] Pifco MZXUUXW Containers rmn p.Rta^ rm rk>i rumrta l«* Due SAILS I JWO. owess mm mm am am *m MR I CITY Of EMNRUKH MP M W hi Nrt (5 Mt* II lmcrpoolmy mm m am am mm $t«aits venture wi rnmn, m*RR r* I mw
      1,033 words
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      Page 31 Advertisements Column 2
      1029 31 TO: EUROPE TO: FAR EAST y> m ROM HAM OTfVN FIX SPOBE HK KAO KOB BU rHOYANC CHANCE #47W H 23ft 24/5 25ft Vli Wi CHOYANC PWK 007E Ift 12ft 13ft lift lift HANJIN LEHAVRE 007W 12ft 31ft 31ft Ift 4ft V* HAIUMI "5 H5 7 VI HANJIN FELIXSTOWE OC7W
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      Page 31 Advertisements Column 3
      15 31 REGULAR SERVICE TO KARACHI S PORE LOADING FOR TBN 17/5 KARACHI i i ririT WMIkMIWItacMM
      15 words
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      Page 31 Advertisements Column 4
      399 31 STRAIT!/ JAPAN/ STOUTS SBMCE I SPECIALIST IN RO-RO HEAVY LIFTS I VESSEL ASIAN COSMIC SEKI I STAR PIONEER KOCHI TRADER I I VOY. NO. 112 S 79 I I I S port 5/5 9/5 10/5 I IP. Kelang SU 1/5 HH I I I Hong Kong I I I Yokohama
      399 words
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      Page 32 Advertisements Column 1
      610 32 w it"*. gttirtlki iftVli c lafc w h *IT tlttflttft tiH n CR NBR 11C*****000-D EXPRESS SEMI-CONTAINERSHIP SERVICE i i VSUVOY S'fOtE R OAM/ H'BURG BREMEN ANTWERP AOAM BAA* ULLAM/22W8 27HfS Vfi 2/7 V 7 10(7 LJ. BONTANC/21WB *-H* UP W W V FAST TRANSIT TIME I ACCEPTING BREAKBULK/CONTAINERISED CARGO
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      Page 32 Advertisements Column 2
      755 32 HANJIN SHVPING I |P| FULL CONTAINER SERVICE FEEDER VSL SJN LINE HAUL LAX OAK S'poro LiNaw. R'Om HWi Blmvw FOAK LA NO (B7E M/S H BUSAH «2E 1/6 KIN 5/5 I 23/5 24/S 2*5 2»ft CHOTANCSUCCESS ME 25/5 H CHEJU 0611 22/6 2M 12/5 30ft 31/5 lj is *ft CHOTAHC
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      Page 32 Advertisements Column 3
      1341 32 —I T PKL SCf IMIWIUMI«TOKmi«IU«J|"!"FUK»| evil GOING IMT »i llji 1« 1M Mfl nji lil V M J£ Mg; everqfted tfi v *fl Jv v> jj "t- EVER CM LET III) im tus W W l»«Mll(IUI 7 WfW'{| EVER QOLDEN nii 22/5 »i M/S 1* 4» ii tfi U* IP
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      Page 33 Advertisements Column 1
      1130 33 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) BOOKINGS/ENQUIRIES: UK/EUROPE SERVICE *****19 AUST/INDIA/PAK SERVICE *****18 m K USA SERVICE *****16 FAR EAST SERVICE *****48 I mm DOCUMENTATION: *****44/*****14 TERMINAL: *****22 CFS: M 2 IMPORT: *****69/*****50 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L.-*****33, P.Kelang *****87, Penang-*****0, J.Bahru-*****3, *****4 PKN PHI.
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      Page 33 Advertisements Column 2
      270 33 I Specargo I KEELUNG Tel: *****55 V 6/5) VXICAOHSIUfIG Pn FOR BOOKINGS 1 C'/f' 5 I *****17 n?ah?*v/ Specargo's Own \ft l(\\' Operated v-A V\X Warehouse at A) FTZ MPORE/^ 1 Warehouse Tel: *****50 SEAWARD SNIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANC BLUE
      270 words
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      Page 33 Advertisements Column 3
      173 33 B SCHENKER I S«rvic* in 5 Continents (WEEKLY LCL/FCL CONSOL SERVtCES TO/FROM GOTHENBURG SWEDEN) SCHENKER IV MAY 11 MAY 13 JUNE 5 SCHENKER I MAY 18 MAY 20 JUNE 11 SCHENKER II MAY 25 MAY 27 JUNE 18 SCHENKER 111 JUNE 1 JUNE 3 JUNE 25 SWEDEN 111 MAY 9
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      Page 33 Advertisements Column 4
      1117 33 SNSQV 1 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: 36(8243/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INBEP»endent SEftVlCfc) Ml mß— LOADmC FOt WESTiOUHD msu VOTMI |VOK |«MILA I HKOM WTMi WKK MUUR MUK R-KAVCN TKJUfT HOTT HTW n mwhiiw
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      Page 34 Advertisements Column 1
      1015 34 BE&yflf VOY 'INDO PK/PNG fsGP LB CNLS NFK NYC HFX OOCL FORTUNE 20 7/5 8/5 10/5 2/6 12/6 M 0 16/6 20/6 AMBASSADOR BRIDGE 28 14/5 15/5 17/5 9/6 19/1 21/6 23/6 27/1 NEPTUNE JADE 24 25/5 26/5 24/5 16/6 26/6 28/6 3* 4/7 OOCL FAIR 20 2S/5 29/5 31/5
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      Page 34 Advertisements Column 2
      707 34 lETD SIN (1 DAY) I*o o**) Mi DAY) MENA T I 08/05/90 1 J—Bjh| pn T RAwnunK JACQUELINE TWICE/WKLY ETD SIN (3 DAYS) *(2 DAYS) ♦(1 DAY) I 06/05/90 WftWft KPF IMr JOYCE/JUDY —I TWICEMKLY ETD SIN (6 DAYS) ♦(1 DAY) +(4 DAYS) MOWMtCOTJCT H 08/05/90 BUSAN I MANILA I
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      Page 34 Advertisements Column 3
      312 34 Continental Pacific Shipping v "i TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR ARTEMSiOM Sid S£TE/RO^ANT/FIU/UK SYRON V SM SM In Pt STTE/ROH/ANT^LU/UK ARBELA 10rt IVS m SFTE/RDHANT/RU^JK Loads Sateh/lndoMMj MULTIPORT AGENCIES (S) /On PTE. LTO. V TtL; *****77 FAX: 2M3C31 MfJ/ PX. SON BMO. TEL: mam
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      Page 34 Advertisements Column 4
      618 34 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD %'vNr. v a T«tak Ayor Strwt SINGAPORE OM TEL SM3M (10 LINO) Fax: ***** M (CR No. IUIiIjUWOWQ STRAITS PERSIAN GULF SERVICE: S*p« P Mtanf Pwe* GOLDEN BEAR CatomMlUradM/Outai 1W May GOLDEN HARVEST Calofflho/KjradWtMa 2*o» Mn CHINA SERVICE MMTU Xmrn/foDm 1W» —1 CASABLANCA
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      Page 35 Advertisements Column 1
      1610 35 snipping times, rnu»j may i PACIFIC INTERNATIONAL LINES (PTE) LTD BBSSSS? M rn PIL Building, 140 Cecil Street #0300, Singapore 0106. DELTi L MAS ifMS M "*5,5 fj". VESBeL VOV S,N BKK SIH HAI aiAwr J«<B h\ 3/5 KOTA NAQA 03N 8/S 949 IS/S EDEN ZTJ US PEGASUS PROGRESS SISN
      1,610 words
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      Page 35 Advertisements Column 2
      1173 35 BEN LINE CONTAINERS LTD *S 200 Cantonment Road Tel: *****22 #13-05 Southpoint IV% Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT M |VOY SPORE PKLANG SHAMPTON HAMBURG B HAVEN ROAM LHAVRE London Express 11/552 In PI 5/5 22/5 24/5 Cily o( Edinburgh 89/551 Sid 26/5 22/5
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      Page 35 Advertisements Column 3
      318 35 H9IVJ v I 1 bra iltflltiiHiai I M MYANMA fßk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) J 4 C S'pore P.Kelang Pen Bkok' MERGUI V 99* 7/1 HAY U/13 M», OISCHG ONLY 2 HPA-AN VI49W 1/10 MAY HTONEYWA V2SSW* c/ 7 MAY PAGAN VIS6W 13/15 MAY
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      Page 38 Advertisements Column 1
      705 38 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO UNITED KINGDOM NORTH CONTINENT EUROPE OUTBOUND SIM FIX BRE ROM ANT HBC RST PANAMA SEN WFOI2 li/S M M OM M/ 5 05/6 T WENDA 9* 23/5 15/5 15/5 11/5 AMERICAN SEN WFOII 25/5 n/5 22/5 23/5 25(5 25(5 0 GROTEWOHL 4rto
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      Page 38 Advertisements Column 2
      1075 38 ukc cowrmnoHAi mmvicb Vmml P KLC PNG P C Lm6h«6 for TONGCHUAN 30/3 RoMertam/Antwerp YANGCHUAN 21/4 Rotterdam/Antwerp CHINA rou COHTAOfIUI MVICI VMMI PKL PNG SPORE BKK HKG SHA QIN LYC WEI HE SO 27/3 25/3 31/3 1/4 10(4 YANG FANG KOU 125 31/3 25/3 5/4 11/4 15/4 20/4 Accepting FCL
      1,075 words
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      Page 38 Advertisements Column 3
      280 38 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETD LOADING FOR DELI IN DAM 8.5.90 10.5.90 PK. BALAM NAGA JAYA 20.5.90 25 5.90 PANJANG LAMPUNG JAYA 8.5.90 9.5.90 PANJANG PINANG JAYA 9.5.90 10.590 PAN JANG/PR. BALAM i PERITA JAYA 18 590 22.5.90 PAN J AN6/JAKARTA
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      Page 38 Advertisements Column 4
      550 38 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS lafghaNlSTaFl Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, Mashad, Kushka 1 IRAN I:Djulfa, Astara ETD SINGAPORE 5/5, 12/5, 17/5, 23/5 lE. EUROPE I :To all inland points: Poland, Bulgaria, Czech, Hungary, Romania USSR, Finland ETD
      550 words
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      Page 38 Advertisements Column 5
      485 38 PORTS f NgO» Hoc k J Sim BHUM 44SN Frl h> Pt iw W I PITA HUM 223W St 5/5 Taa Iff I jim BHwr am s» iff w* w» MAHA BMim MH Wad 5/5 FW 11/S MtKHANIK KURAKO MN Thur 10ft S»n 13/5 smi mm wi m u/s iy»
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      Page 39 Advertisements Column 1
      1073 39 EXPRESS FEEDER SERVICE (Fully Containerised) VESSEL SIN CTG A VSL 7/5 12/5 (Conventional Service) ETA S'PORE LOADING FOR BANGLAR SWAPNA 20/5 CTG., MONGLA ETA S PORE LOADING FOR MV ALKINOI 10/5 Ummqasr/Baghdad EAST MALAYSIA SHIPPING ENT. (PTE) LTD 41-A AHOY STREET, S'PORE 0106. TEL: *****18 (4 LINES) TELEX NO. EMVES
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      Page 39 Advertisements Column 2
      185 39 SHIchfie{TSSmHSSIS^ S TEL: *****33 (12 Line*) ZZL FAX: *****15/*****03 j+f TELEX: RS ***** RISHIP (3 Line*) ETHIOPIAN SHIPPING LINES y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL vessel I VOV ETA kOAOMO rem SPORE AWCINE' 19WB 1(V05 OARESSALAAM MOMBASA OJWOUTI ASBAB MASSAWA. HOOEOAH ABVOT 21WB 15/ OS OARESSAL AAM
      185 words
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      Page 39 Advertisements Column 3
      610 39 taßta.P T- MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OTTESRE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING La CARGO TO IKT, PKG, PNG AND, BKK FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL *****55 BINOAPONK HlOOilEttA SIftVJCS t VSL VOY SIN JKT
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      Page 39 Advertisements Column 4
      654 39 nmai BAY OF BENGAL SERVICES MADRAS CALCUTTA itmii it m mjm JORGEN VISTA OIMO IN FT I*s 110 JORGEN VESTA 02M0 110 22/5 20/5 /ORGEN VESTA OSNOO 20/5 030 000 JORGEN VESTA 04N« 000 150 210 VESSELS VOY SIN CCU SIN SUPER EIGHT 03N» 00/5 15/5 22/5 SUPER EIGHT O4NOO
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      Page 39 Advertisements Column 5
      329 39 TO AUSTRALIA/NEW ZEALAND antwiiwn «r«i t» m 5 tnt owta m iii m m v* ~v v l Muowa a» ~r ~w ap op mp mussel a Hp ap ~v» iii m w 1* DATS TO ITPWIT! TO USA/CANADA ML i*pTil, [tllUli Armc*«» hT I*s v ip yip up TNT
      329 words
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      Page 40 Advertisements Column 1
      1120 40 I MAC-NEH BINSAPOREI arwT m= awn 11 iemr TB: miw TEL: (04) *****6 ||KK TEL: (068) *****0 TAWAU TEL: (069) *****9 KELANG TEL: (03) *****77 lIKUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 \\i• BAHRU TEL: (07) *****2 llsißU TEL: (064) *****2 LABUAN TEL: (087) *****9 l\ /JAKARTA TEL: (21)
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      Page 40 Advertisements Column 2
      347 40 ,WJ.| 1 1 f jffeSK R u s,NGAPORE TO NEW ZEALAND AND T/S RJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH ft PORT CHALMERS ACCEPTING FCL LCL FOB AUCKLAND, NAPIER, WELLINGTON, BLUFF, HRIST( HURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIT AUCK ITT ■ANDAMA 0572 11 May
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      Page 40 Advertisements Column 3
      1052 40 jm THONG SOON LINES PTE. LTD. j£S 51 Brat Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH ttua br |m |*rr mm. m Im |«t KIM SOON LI 18/90E 5 MAY PENANG
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      Page 41 Advertisements Column 1
      752 41 Wsev COMPANIA PERUANA TOQI DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* ft OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P. Kelang* Singapore SHAPLAEVERETT 19/20 May 21/23 May ROSEEVERETT 2.4 Jun 5/7 Jun JOHNEVERETT 12/14 Jun 15/17 iun WSV
      752 words
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      Page 41 Advertisements Column 2
      667 41 West Coast. Carribbean.East Canada. HAITI Guatemala and Honduras VSL |S PORE [MAINLINER [LAX |KST [SAY NYC HfX ZIM SINGAPORE 9/5 ZIM GENOA M 18/6 21/8 |jg Hg A VESSEL 12/5 ZIM GENOA 9/6 18/6 211* 23*2% LEEWARD 11/5 ZIM KEELUNG 18/6 27/6 W *O ZIM MELBOURNE 24/5 ZIM IBERIA 27*
      667 words
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      Page 41 Advertisements Column 3
      716 41 MSING kwang HANG 11 »ie»e«o A THAII»OUTAHOW (TTt) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA KITI BHUM 8/5 12/S JENWEL 7/S I 10/5 "1 VESSEL S PORE BANGKOK A VESSEL 3£5 6/5 A VESSEL 5 5 8,5 DESTINATIONS ETA SINGAPORE PORT KELANG 11 MAY MANILA 11 MAY HONG
      716 words
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      Page 41 Advertisements Column 4
      454 41 PERINTIS LINE 111 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA SURABAYA PELOPOR 940 05/5 06/5 PRASETIA 91A 09/5 12/5 PELOPOR 941 12/5 15/5 PRASETIA 93A 16/5 19/5 TANTO UTAMA 73 5/5 8/5 TANTO UTAMA 75 12/5 15/5 TANTO UTAMA 77 19/5 22/5 TANTO UTAMA
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      Page 41 Advertisements Column 5
      342 41 SIM FM east 6/5 KEELUNG/KAOHSIUNG 6/5 BANGKOK 11/5 MANILA 5/5 JAKARTA 5/5 PORT KELANG/PENANG 7/5 BUSAN 7/5 TOKYO/YOKO/KOBE 8/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/FudKMi/ Xiamen/Xingang/Shanghai SIN EHMPE/MK 5/5 LDN/FLX/LVP/SOU 5/5 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgana/Czech. SIN USA CANADA 11/5 L.A./NYC/SFO 11/5 VANCOUVER/TORONTO/MONTREAL SIN AUITIAI-IA/NEW ZEAIANB
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      467 42 transintra 1 shipping (Singapore) private limited Cargo bookings Tel: *****88 (5 LINES) FROM ALL UNITED KINGDOM CITIES/PORTS FROM COPENHAGEN/AARHUS FROM HAMBURG/BREMEN FROM BUSAN FROM LOS ANGELES/ALL USA IPI POINTS PLATOU PACIFIC l SHIPPING SERVICES REGULAR FAR EAST N. AMERICA BREAKBULK SERVICE OWNERS' REP OFFICE TEL: *****11 SINGAPORE: FAX: *****59 HANSA
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      Page 42 Advertisements Column 2
      257 42 VSL DESTINATION ETA SIN PIYA BHUM 223N BANGKOK 5/5 ••JIRA BHUM OtN BANGKOK 6/5 MAHA BHUM OtN BANGKOK 9/5 SIRI BHUM 446N BANGKOK 11/5 SD ORIENT 19ft CEBU. MANILA 11/5 AKA BHUM 20S CEBU. MANILA 16/5 O SINCERITY 23A KARACHI, BOMBAY 8/5 VEGA 13A KARACHI. BOMBAY 14/5 JENLINK 07N JAKARTA
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      Page 42 Advertisements Column 3
      309 42 IPM ADKRIS BUSINESS CORPORATION PHILIPPINE DIRECT REGULAR SERVICES TO MANILA BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT ALL HEAVY LIFT WELCOME M.V.'DAGOHOY' 06/90 15TH 20TH MAY MANILA/BISLIG TBN 10TH MAY BISLIG TBN BTH-10TH MAY MANILA MV. OAGOHOY' 07/90 IST JUNE MANILA GENERAL ACT: CALSOURCE SHIPPING ft TRADING PTE
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      Page 42 Advertisements Column 4
      300 42 Gtnorsl AQKttt: 7RAA/STL/AOC of) KL: allied-LINK SINGAPORE: /^s\ 04-*****2 09-*****59 778 6522(22 linesi WS ItartM Owfl Sumo Ng/CtvtaMna CMm AMm YnMw Yae I W I Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) WEEKLY CONTAINER FEEDER SERVICE VESSEL VOY S'PORE JAKARTA DELTA MAS 152N/153S 06/05 09/05 EDEN 9012
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      Page 42 Advertisements Column 5
      162 42 SIN PTL DSN MY CHOFUVOYIIW 06/06 18/05 23/06 28/06 ALS STRENGTH VOY 12W 29/05 08/06 13/06 18/06 ALS ENDEAVOUR VOY 14W 08/06 18/06 23/06 Accepting FCL' for Johannesburg VESSEL RSt OON PTL SW KEE BUS ALS ENOEAVOUR VOYO6E 12/04 15/04 20/04 01/06 00/05 13/06 ALS TRUST VOYOBE 28/04 05/05 10/05
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      547 43 TIDES AND TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0(00 0700 MOO 0900 **********00 *****400 *****(00 *****M***** 2000 2100 2200 2300 1.5 1.5 1.5 1.6 18 2.1 2.2 2.4 2.3 2.1 18 1.5 14 09 04 0.8 0.9 14 1.6 1.9 2.1 24 2.1 14
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      292 44 LIQUID CARGO PROBLEM? NEED PUMPS AND SUPPORT SERVICES? Read the advertisement on the right! PAKISTAN NATIONAL SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG SHALAMAR 13-15/4/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN
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      Page 44 Advertisements Column 2
      463 44 AHYUNDAI MERCHANT MARINE CO- LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKC LBH OAK SEA FROM PSW L»H OAK SEA HKC SIN HYUNDAI INNOVATOR 32E 04/05 10/05 2505 31/05 03/06 HYUNDAI CHALLENGER 32W 0904 12/04 ISO 4 0305 1005 HYUNDAI EXPLORER 31E 11/05 17/05 04/06 07/06 10/06
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      Page 44 Advertisements Column 3
      425 44 Call *****58 or Fax *****82 SINGfI PUMP SERVICES PTE LTD RENTAL AND SUPPPORT SER .'I ES P L f c- T'u"He:- H- T: EMER-3ENCV RESPONSE SERVICES FOR TA< KLIT. Af..' LIQUID CARGO PP.OELEf.I gf' Tal 'Mgj UK/CONTINENT (TRIO) LIVERPOOL BAT S jT lag" ?>T »«7^ |n KMU A~**«. 0-. ■■■H
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