The Business Times, 9 May 1990

Microfilm: NL17017
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    10 1 Buiness Times MCI (P) 170/12/89 Wednesday May 9 1990 75*
    10 words
  • NEWS SUMMARY
    • Article
      EC planning to boost aid to Asian countries by 80pc
      69 1 THE EUROPEAN Community yesterday proposed to boost the aid it gives developing Asian countries by about 80 per cent over the next five years. EC Commissioner Abel Matutes said in Brussels that Asia would receive about a third of funds
      69 words
    • Article
      Aquino confident
      35 1 PHILIPPINE President Corazon Aquino yesterday expressed confidence that her country would be prepared if the US military bases there are closed when their lease expires next year, said a Cabinet official in Manila.
      35 words
    • Article
      BOJ chief cautious
      29 1 THE OUTLOOK for the world economy is "continued firm growth" but it is also threatened by "unprecedented uncertainties", says the Bank of Japan's governor. Page 4
      29 words
    • Article
      'Japan creating bloc'
      25 1 JAPAN'S increasing trade and investment in buoyant East Asian economies is creating a highly efficient manufacturing bloc in the region Page 4
      25 words
    • Article
      Lithuania strikes back
      21 1 LITHUANIA has begun cutting meat supplies to the Soviet Union to protest against Moscow's economic blockade Page 4
      21 words
    • Article
      US budget talks
      36 1 US PRESIDENT George Bush is to meet congressional leaders to discuss ways to slash the budget deficit, including more taxes, which would violate his own campaign pledge not to raise taxes Page 4
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    • Article
      Competition revs up
      25 1 ASIAN and European car producers are lining up to challenge the virtual monopoly enjoyed by Japanese manufacturers in the Philippines Page 4
      25 words
    • Article
      Psycho's path
      19 1 ONE WRITER retraces the path that led to the making of Alfred Hitchcock's classic, Psycho. Page 9
      19 words
    • Article
      Hoegh boosts service
      34 1 OSLO-BASED Hoegh Ugland Auto Liners has expanded its Europe-Middle East-Far East ro-ro service to include two more ports of call in Asia Manila as well as Inchon. Shipping Times Page I
      34 words
  • MARKETS SUMMARY
    • Article
      Dow Jones
      43 1 WALL STREET stocks continued to drift in early trading yesterday. The Dow continued near its closing at 2722 and a few more issues showed gains than losses. The Dow jumped 76 points in the past two sesions, inviting some light selling.
      43 words
    • Article
      Footsie up
      34 1 LONDON SHARE PRICES were sharply higher in light trading at midday yesterday. At about 1115 GMT, the Financial Times-Stock Exchange 100-Share Index was up 29.9 points, or 1.4 per cent, at 2,192.1.
      34 words
    • Article
      Setback for SingLand
      31 1 SINGAPORE LAND'S defence against United Industrial Corporation's takeover offer has suffered a setback as securities officials query the financial affairs of its associate, Marina Centre Holdings. Page 2
      31 words
    • Article
      Big plans for land bank
      32 1 MALAYSIAN property group IGB Corp has acquired a huge land bank in Kuala Lumpur to undertake commercial, retail and hotel development worth billions of ringgit Page 2
      32 words
    • Article
      Tokyo may open doors
      37 1 THE JAPANESE Ministry of Finance is considering allowing a UK-Japan joint currency brokerage firm to enter the domestic money-market broking business as part of its efforts to liberalise Japan's money market Page 17
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    • Article, Illustration
      STOCK INDICES
      28 1 Tuesday Change BT-MGA 761.15 -0.40 Kuala Lumpur ....554.73 4.42 Hongkong ..2,953.58 -5.33 Tokyo 30.970.58 14.31 Sydney 1475.9 -1.0 Monday Change New York 2,721.6 11.26 London closed
      28 words
    • Article
      CURRENCIES
      23 1 Exchange rates USS S$ 1.8690 Yen (100) SS1.1825 MS SS0.6908 Money market rates Overnight 6 5/16% 1 1/4 3-month 6 13/16% unch
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    • Article
      COMMODITIES
      26 1 London GoM AM fix US$372.10 +0.8 Rubber S'pore June. 161.00 '/kg M'sia June... 230.00«/kg unch unch KL Tin Turnover 81 tonnes Spot MS17.05/kg +6 -0.07
      26 words
  • Article
    Sembawang group ventures into Sabah, Sarawak
    364 1  -  By Elaine Koh A MEMBER of the Sembawang group of companies has set up a joint-venture company with a Malaysian government agency to tap opportunities in the gas and petrochemical industries in Sabah and Sarawak. The venture, between Sembawang Projects Engineering Co Pte Ltd
    364 words
  • Article, Illustration
    S'pore, Indonesia sign double taxation accord
    313 1  -  By Walton Morais SINGAPORE and Indonesia signed a double taxation agreement (DTA) yesterday, which officials from both sides said would be a boon to trade and investment. Singapore officials said this is the 26th double taxation agreement for the Republic, and negotiations are in
    313 words
  • Article, Illustration
    A first not to be sniffed at
    292 1  -  By Teh Hooi Ling IT WAS something to crow about. After two years and half a million dollars in research expenditure, Singapore Biotech yesterday launched what it described as "the first and the only kind" of throat and nose cancer diagnostic kits in
    292 words
  • Article
    Lock icon Investors snapping up industrial land in Malacca
    224 1 Bernama INVESTORS took up 340 out of 363 hectares of land in five industrial estates and two free trade zones in Malacca up to March this year, State Secretary Datuk Mohd Zam Abdul Wahab said. He told a one-day national seminar on "Prospects
    Bernama  -  224 words
  • Article
    Chamber of commerce lauds CPF announcement
    122 1 THE SINGAPORE International Chamber of Commerce has lauded the announcement of a 1.5-percentage-point increase in employers' CPF contribution in July as "a cautious move" by the government which will be welcomed by the business community. It also welcomed the news that the economy grew
    122 words
  • Article
    Taipei tycoon using S'pore unit for investment in China
    299 1  -  From Catherine Ong in HONGKONG PROMINENT TAIWANESE tycoon Wang Yung-ching is planning to use his Singapore subsidiary, Formosa Plastics, to invest in a US$7 billion petrochemical plant in China. Mr Wang is said to have signed an agreement with the Xiamen
    299 words
  • Article
    Lock icon Bank Buruh's warning
    100 1 Bernama BANK BURUH (Malaysia) Bhd, forecasting a "reasonable and healthy rate of 7 per cent growth" this year, has cautioned against complacency over the economic outlook this year and next. Its executive director, Tan Sri Ramon V Navaratnam, said that except for the early impact of the
    Bernama  -  100 words
  • Article
    Watch out for contest
    72 1 TURN TO PAGE 19 for the second and last part of BTs Acronym Contest. Six Oris watches will be given by spoor sor On Time Pte Ltd to the lucky winners. We are also monitoring the efficiency of our circulation and vendor services and would appreciate
    72 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      209 1 *kk\ IkJJMI Singapore Kuala Lumpur Jakarta Bangkok Hong Kong HANGING ON TO THEIR SEATS 6 Aircraft Schedule 19 Regional Stock Markets 15 World Stock Markets 16 Commodities 18 SES 10,11 For market indices, editorial, Cryptic Crossword 19 Share Information 12 advertising and circulation exFutures Options 17 Simex 17 tensions, call
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    • Advertisement
      Page 1 Advertisements Column 2
      71 1 p" boutique #02 28 RAFFLES CITY SHOPPING CENTRE PM Lee extends Vesak greetings PRIME MINISTER Lee Kuan Yew sends his greetings to all Buddhists on the occasion of Vesak Day. The Editor and staff of BT also extend their greetings to all Buddhists. rV ft I H II Pfl N
      71 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Long Huat to finalise joint venture soon
        161 2 LONG HUAT Timber Industries Bhd (LHTI) is expected to finalise negotiations with a Seattle-based group soon to manufacture furniture as part of its downstream expansion move. Speaking to newsmen after witnessing the listing of the company's shares on the second board of the
        161 words
      • Article
        Those who can, teach
        96 2 KIAN JOO Can Factory Bhd is providing know-how to Malaysian contractors on how to recycle beverage aluminium cans into scrap for export to Australia, its managing director, Anthony T G See, said. He said used aluminium cans were in great demand in the country as well
        96 words
      • Article
        Rohas serves takeover notice
        104 2 ROHAS Sdn Bhd has served a notice of takeover to acquire the entire issued capital of Juara Perkasa Corporation (JPC) comprising 3.79 million shares of Msl each at M 52.53 a share. The cash offer is for all the shares other than the 3.96 million shares
        104 words
      • Article
        No need to change an Inch
        86 2 INCH Kenneth Kajang Rubber pic, one of the oldest companies in Malaysia, need not restructure its equity to comply with the New Economic Policy because the company is incorporated in Britain, chairman Charles Tresise said. Incorporated in Britain in 1930 as Kajang Rubber Estate
        86 words
    • Article, Illustration
      Sin gland's defence against UIC suffers setback
      451 2  -  By Magdalene Ng SINGAPORE LAND'S defence against United Industrial Corporation's takeover offer has suffered a setback as securities officials query the financial affairs of its associate Marina Centre Holdings (MCH). Following Singland's announced intention to float MCH on the Stock Exchange of Singapore,
      451 words
    • Article
      Keppel gets contract to repair world's biggest tanker
      283 2 KEPPEL SHIPYARD has secured a $40 million contract to repair the world's largest tanker, the Happy Giant. The 564,730 deadweight tonne ultra large crude carrier suffered extensive missile damage in the Persian Gulf and was laid up for two years before its
      283 words
    • Article
      Lock icon IGB to turn KL land bank into prime projects
      350 2 Agencies MALAYSIAN property group IGB Corp Bhd has acquired a huge land bank in Kuala Lumpur to undertake commercial, retail and hotel development worth billions of ringgit. "Depending on our resources and performance in the coming years, it is our plan
      Agencies  -  350 words
    • Article
      Lock icon DAF names Tan Chong as potential partner
      180 2 MBT DAF, one of the top five commercial vehicle manufacturers in Europe, has identified Tan Chong Motor Holdings as its potential Malaysian partner to supply truck components to its proposed Asean Industrial Joint Venture (AUV) project. The AIJV truck project, estimated at US$2OO
      MBT  -  180 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      157 2 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times. Whether it's livestock or machinery, you can trust your cargo to Thai. Not because our extensive network spans 7i cities in 36 countries. Or our fleet encompasses 4i aircrafts. But because of our personal attention
      157 words
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  • COMPANY NEWS
    • Article
      Lock icon CASH proposing reverse takeover
      506 3 NST CONSTRUCTION and Supplies House Bhd (CASH) is proposing to buy three manufacturing companies for M 532.31 million via a cash and share issue which would result in a reverse takeover. It is acquiring the entire equity of SP Marble Sdn Bhd, which is involved in
      NST  -  506 words
    • Article
      Lock icon Malayan Cement to churn out multi-million dollar investments
      402 3 NST MALAYAN Cement Bhd plans to invest a few hundred million ringgit in building material-related activities, its managing director Michael J Horner said. The company was looking at one or two significant investments costing "hundreds of millions of ringgit" related to the
      NST  -  402 words
    • Article, Illustration
      Lock icon HKBank optimistic about HK's future
      356 3 Agencies WILLIAM PURVES, chairman of the Hongkong and Shanghai Banking Corp Ltd has expressed confidence in the future of the territory and said the bank would continue to invest and develop its banking operations there. "I continue to believe that Hongkong's future and particularly its
      Agencies  -  356 words
    • Article, Illustration
      Lock icon Magnum clash of the young titans
      848 3 MARKET TALK Reuter TWO OF Malaysia's youngest and most aggressive tycoons are waging a fierce corporate battle for a lucrative gaming and property firm in a contest which has, indirectly, drawn in the central bank and the finance minister. The prize is Magnum Corp
      Reuter  -  848 words
    • Article
      Lock icon No buying into Elders, Harlin: new Goodman chief
      233 3 Reuter GOODMAN Fielder Wattie Ltd's chief executive-elect Michael Nugent said the Australasian food group was not considering further investments in Elders IXL Ltd or its 55 per cent parent Harlin Holdings Ltd. "Under my leadership, GFW will not be contemplating further investments
      Reuter  -  233 words
    • Article
      Lock icon G Lumber still hopeful about PNG project
      280 3 Bernama GENERAL Lumber (Holdings) Bhd is hopeful about implementing its proposed project to develop timber and forestry resources in a concession area in Papua New Guinea (PNG). Chairman Wan Azmi Wan Hamzah said in the company's 1989 annual report that the company continued
      Bernama  -  280 words
    • Article
      Lock icon Jakarta share offer 435 times subscribed
      200 3 Reuter INDONESIAN finance house PT PDFCI Ltd said its public offer of five million shares was oversubscribed 434 times and most applicants will get only 50 shares each. The shares, which represent 20 per cent of the company, are priced at 8,750 rupiah each.
      Reuter  -  200 words
    • COMPANY BRIEFS
      • Article
        Garuda to sell Bali resort hotel to Brunei
        91 3 INDONESIA'S state airline Garuda Indonesia will sell its Nusa Dua Hotel in the resort island of Bali to the Brunei government for US$l3O million, Garuda President Director Muhammad Suparno said. "The shareholders have decided to sell it and the transaction is in
        91 words
      • Article
        Elders Resources extends bid
        77 3 ELDERS RESOURCES Ltd said it has extended its takeover bid for Oakbridge Ltd to June 6. Elders Resources now holds 71.8 per cent of Oakbridge, a New South Wales coal miner, through its cash offer of 80 cents a share. It said last month it was
        77 words
      • Article
        Hoesch profit up 31 per cent
        114 3 WEST GERMAN steel group Hoesch said its net consolidated profit rose 31 per cent last year over the 1988 level to 75.8 million Deutsche marks (U5544.5 million). Sales were up 28.9 per cent from 8.3 billion marks (US$4.9 billion) to 10.7 billion marks (US$6.3
        114 words
      • Article
        Bayer earnings shrink 3pc
        140 3 WEST GERMAN chemicals group Bayer said its net consolidated profit fell 3 per cent in the first quarter of this year to 830 million Deutsche marks (US$4BB million). Turnover was down 2.6 per cent over the same period last year at 11 billion marks (US$6.4 billion).
        140 words
      • Article
        Bain and Indevo to merge
        96 3 SWEDISH management consultancy Indevo AB said it will merge with privately-owned Bain Company of the US to form one of the world's leading management consultancy companies. Indevo, which is quoted on Sweden's OTC market, said its key managers and Bain had formed a syndicate called
        96 words
      • Article
        Evered buys Super Concrete
        68 3 UK CONCRETE GROUP Evered pic said it was buying Super Concrete Corporation, and its related concrete businesses in the US, for U5536.43 million. Of the purchase price, U5522.28 million will be met" through the issue of 11.1 million new ordinary shares in Evered, the company said.
        68 words
  • Page 3 Advertisements
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      51 3 <Se Vietnamese Cuisine ENJOY A VARIETY OF 40 DIFFERENT DISHES AT s4 each $St M, vO f£j? SS" -^C 7 TROriCALINN SEAFOOD <Bgg7*.«I»TAUBA M W 82-01 Basement, Tanglin Shopping Centre. Tannin Id S*po»e 1024. (SJWK)Ii!)4"L.'/RSS/g. *I£«HT«Tb2OIJ g *****20«, *****63 WIN One of six watches THE ACRONYM CONTEST MAYB &9,1990 Business
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  • THE WORLD
    • WORLD WATCH
      • Article
        Chatichai schedules censure debate in June
        125 4 THAI PRIME MINISTER Chatichai Choonhavan has set the dates for an upcoming censure debate against his government to take place on June 6 to 8, a few days before his scheduled visit to the US, the state-owned Thai News Agency (TNA) reported in Bangkok
        125 words
      • Article
        Manila gets control of US bank
        99 4 MANILA has been given legal control of a Califomian bank accused of laundering embezzled funds for the late president Ferdinand Marcos and his wife Imelda, a New York court source said on Monday. Under the terms of a March 16 agreement between the bank
        99 words
      • Article
        De Klerk explains tour agenda
        102 4 DURING AN 18-DAY TOUR of nine European countries starting yesterday, South African President F W de Klerk will try to persuade foreign governments to change their standpoints on his country. In an interview with state-run SABC television in Johannesburg on Monday, Mr de Klerk said
        102 words
      • Article
        Car maker in big China venture
        63 4 VOLKSWAGEN AG of West Germany is set to sign an agreement to implement what will be the largest vehicle joint venture in China. Volkswagen and China's First Automotive Works were expected to agree on the 150,000-car capacity venture by the second half of the
        63 words
      • Article
        British warning on bank rates
        89 4 BRITAIN'S Chancellor of the Exchequer has warned that there is little likelihood of any drop in interest rates in the major industrialised nations in the immediate future. Speaking at the annual meeting of the International Monetary Fund Interim Committee in Washington on Monday, Mr John
        89 words
      • Article
        New Afghan PM appointed
        38 4 AFGHAN PRIME MINISTER Sultan Ali Kishtmand has been replaced by Fazal Haq Khaliqyar, governor of western Herat province, Radio Kabul said on Monday. The outgoing premier had been named senior vice-president, the radio said.
        38 words
    • Article
      Lock icon Japanese creating a manufacturing colossus in E Asia
      358 4 NYT AFTER HAVING BUILT its economic miracle on strong links with the industrialised West, Japan is now increasing its trade and investment in the buoyant economies of East Asia, creating a highly efficient manufacturing bloc in this vital region. The shift, economists
      NYT  -  358 words
    • Article
      Lock icon Car wars may hit Philippine market
      187 4 Reuter ASIAN and European car producers are lining up to challenge the virtual monopoly enjoyed by Japanese manufacturers in the Philippines, Manila officials said on Monday. Trade and Industry Secretary Jose Concepcion told reporters that the Board of Investments (BOI) had received 13 proposals
      Reuter  -  187 words
    • Article
      Lock icon Call for action on tardy IMF borrowers
      442 4 AP US TREASURY Secretary Nicholas Brady has said that Washington will support increasing the resources of the International Monetary Fund only if the organisation agrees to crack down on poor countries behind in their loan payments. Mr Brady's comments to the IMFs policy-making
      AP  -  442 words
    • Article
      Lock icon Lithuania cuts meat supplies to Moscow
      415 4 AFP, Reuter LITHUANIA began cutting meat supplies to the Soviet Union yesterday to protest against Moscow's economic blockade of the breakaway republic. The republic's Agriculture Minister, Vytautas Knacys, said in Vilnius on Monday that the Lithuanian Parliament was debating how to deal with the
      AFP,; Reuter  -  415 words
    • Article
      Lock icon Bush to hold budget deficit talks with congressional leaders
      265 4 AFP US PRESIDENT George Bush is to meet congressional leaders to discuss ways to slash the federal budget deficit, including more taxes, which would violate his own campaign pledge not to raise taxes. "Anything is eligible for discussion," said White House
      AFP  -  265 words
    • Article, Illustration
      Lock icon Czechoslovak PM signs accord with EC
      274 4 AP CZECHOSLOVAK Prime Minister Marian Chalfa on Monday signed a trade and economic cooperation accord with the Economic Community that he said was a key step to full EC membership for Czechoslovakia by 1999. The accord showed Czechoslovakia's commitment to democracy and market economy
      AP  -  274 words
    • Article, Illustration
      Lock icon BOJ chief sees 'unprecedented uncertainties'
      355 4 AFP THE OUTLOOK for the world economy is "continued firm growth" but it is also threatened by "unprecedented uncertainties", says Bank of Japan governor Yasushi Mieno. Addressing the Interim Committee of the International Monetary Fund in Washington on Monday, Mr Mieno said that since 1983,
      AFP  -  355 words
    • Article
      Lock icon Economic growth promoters facing competition
      226 4 Bernama DEVELOPMENT financial institutions (DFls), which promote economic development in their respective countries, will have to grow into "financial supermarkets" to survive, the general manager of Malaysian Industrial Development Finance Bhd (MIDF), Haji Darwis bin Mohd Daek, said in Kuala Lumpur on Monday. However, it
      Bernama  -  226 words
    • Article
      Lock icon S Korean business applauds Roh's pledges
      388 4 Reuter SOUTH KOREAN business groups on Monday applauded President Roh Taewoo's plan for economic and political stability, but investors hesitated to put their money on its final success. The market still ended the day 9.23 points above Friday's close at 791.56 after peaking well
      Reuter  -  388 words
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  • SPORTS
    • Article, Illustration
      Lock icon Will the underdog triumph?
      871 5 AFP SO FAR, 1990 has produced so many surprising sporting upsets that it has already earned the title "Year of the Underdog". With that in mind, approaching the World Cup finals in Italy is a difficult business. A handful of elite footballing nations have held the
      AFP  -  871 words
    • Article
      Lock icon Capriati's Italian debut overshadows two other stars
      295 5 AP WITH Jennifer Capriati dominating the tennis headlines and the opposition so far in her Italian Open debut, two other former girl wonders are passing through Rome relatively unnoticed. That could mean trouble for those who have to play Monica Seles and Gabriela
      AP  -  295 words
    • SIDE LINES
      • Article
        Olazabal defeats Woosnam by one shot
        58 5 JOSE-MARIA OLAZABAL of Spain overcame fast greens and a distracting duck in England on Monday to win a PGA European golf tournament by one stroke over lan Woosnam. Olazabal sank a difficult downhill putt on the final hole to claim the £58,330 first prize,
        58 words
      • Article
        Wins for Knicks, Suns
        81 5 IT IS on to the next road challenge for the New York Knicks and Phoenix Suns, who delivered pulsating fifth-game victories in enemy arenas to capture their first-round National Basketball Association playoff series. For their troubles, the Suns earned a trip to Los Angeles and a
        81 words
      • Article
        Poisson takes sixth stage
        48 5 PASCAL POISSON of France outsprinted Ireland's Paul McCormack at the finish line on Monday to win the sixth stage of the Tour de Trump, but Soviet amateur Viatcheslav Bobrik retained the overall lead. Poisson finished the 202.3 km road race in shrs 25min 29sec.
        48 words
      • Article
        Aussie Open needs more money
        95 5 THE Australian Open could lose its Grand Slam status to tennis tournaments in Sweden, Japan or the US if it doesn't increase prize money, tournament general manager Jim Reid said on Monday. He was reacting to news that two of the other Grand Slam events,
        95 words
      • Article
        Two seeds go down
        72 5 TWO SEEDED Argentines, Guillermo Perez-Roldan and Alberto Mancini, were upset in the first round of the US$l million German Open men's tennis tournament in Hamburg on Monday. Perez-Roldan, ranked 21st in the world and seeded 14th, was downed 6-0, 6-3, by 35th-ranked Goran Prpic of Yugoslavia.
        72 words
      • Article
        Drug tests for F-1
        75 5 DRUG TESTS on Formula-1 drivers are to be enforced for the first time at the Grand Prix of San Marino, but Italian doctors said they were unaware of which substances were banned or how to administer the tests. "We can't organise anti-doping tests in five minutes,"
        75 words
      • Article
        Yacht in trouble
        64 5 THE Rothmans yacht that started the final leg of the Whitbread Round the World Race in fourth place was forced to return to shore in the US on Monday after breaking a part of its rigging. Thirty-eight hours after it left Fort Lauderdale, Florida, on the 5,450-km
        64 words
  • Page 5 Advertisements
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      167 5 Ill] OPENS TODAY A fefl I—l ■mmiiii i«*""*|H IH9HW *x fl Bfl J pji 1^ p^T^7 w j Sichuan Cuisine at its spicy best In a new locale where East meets We The Rose Garden Sichuan Restaurant at the Golden Little wonder then that once you ve savoured our Camphor
      167 words
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  • Article
    Growth and circumspection
    460 6 EDITORIAL TWO RELATED announcements a couple of days ago gave businesses double reason to cheer. The first revealed a higher than expected 10.1 per cent economic growth for the first three months of this year, the second, a lower than expected 1.5 percentage points increase in the
    460 words
  • WHAT THE OTHERS SAY
    • Article
      A lifeline to Gorbachev
      221 6 THE ISSUE of Soviet President Mikhail Gorbachev's survival is again on the lips of Western leaders. And their concern is well-founded because this time, the outlook is bleak for Mr Gorbachev. Perestroika's promise of greater wealth still awaits fulfilment. His impressive achievements in foreign policy cut
      221 words
    • Article
      No will, no way
      158 6 THE UNANIMITY seen at the recent UN conference to help Third World development is a milestone for the world body. But the declaration fell short of fulfilling the hope of many debt-ridden countries, which collectively owe US$l.3 trillion. Even with rescheduling or write-offs as suggested by
      158 words
    • Article
      More space for shops
      109 6 MP LIM BOON HENG has proposed permanent awnings for shop-fronts. The space created could be leased to shopowners for them to keep their goods, or to place their tables or chairs without obstructing anyone. This proposal is certainly feasible. We believe this is also the right
      109 words
  • REGIONAL VIEWPOINTS
    • Article
      Unthinkable option
      180 6 EVEN BEFORE Mikhail Gorbachev's weekend crisis in Latvia, US President George Bush expressed fears last week for the Soviet leader's future and a possible resurgence of Soviet militarism. Three weeks earlier, former US Defence Secretary Casper Weinbeiger said he was doubtful Mr Gorbachev would be in power at
      180 words
    • Article
      Tea and sympathy?
      149 6 WHEN the Parliamentary Standing Committee studying amendments to the British Nationality (Hongkong) bill reconvenes tomorrow, it should give serious thought to Labour's proposal that spouses of British citizens be given immunity from the three-year residency requirement. It would ease the private agonies of many Hongkong families who
      149 words
    • Article
      Japan's Cambodian policy
      157 6 PRIME MINISTER Toshiki Kaifu's remarks over the weekend on Japan's increasing interest in the search for a negotiated settlement to the Cambodian conflict were probably too oblique for political analysts to obtain a clear picture regarding that country's policy goals in South-east Asia. Perhaps it was the
      157 words
  • Article, Illustration
    Hanging on to their seats
    1303 6  -  The National Front may be facing its strongest challenge ever come election time, writes Kalimullah Hassan Kalimullah Hassan Malaysia's opposition front, led by the Umno breakaway faction Spirit of 46, is acknowledged even by its critics to be the strongest challenger ever to face the
    1,303 words
  • Page 6 Advertisements
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      119 6 Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer. all the current trends that affect them you need to be kept well informed to maximise returns on Essential information accessible every business day your money. through Business Times. In the same way a surgeon needs his tools to
      119 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      51 6 DOONESBURY H.THERB, BSRBAVep LCHBP I JUST WANTWTO SAY A /> LET'S &V 5 ANPY...NO! 0N&! THISISTMFOMKR. F6W(UOKPSTDIOUON/HY&6 Ml HSRA HAND, TM NOT... ANW UPPINCOTT SPCAKJNG Qfff! UNFORJUNATBCY, I'M OKAY. FOUG* MY MAR... TO YOU FPOM THS GREAT AIttAPY ABOUT TO PH& CMOHSHPS NO! eeiONP.ujwcH.PYTm j out.socstme /JT a urns shy
      51 words
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  • Page 7 Advertisements
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      172 7 1 MAZDA 929 I immm 2 f I -a-t-i% »tsl«l2^ i tgE H K I 1 Bp Defy Convention J I 0 There are those who run on the rim of conventional thinking. Taking a wider perspective on issues and thus usually deciding I on more creative solutions, whether its
      172 words
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  • Page 8 Advertisements
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      225 words
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      Page 8 Advertisements Column 2
      435 8 OUIffICGS .JM?. J THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price? For starters, take your pick of our cold dishes prawns on ice, fresh oysters, smoked salmon, melon and dried ham, vegetable terrine, mixed seafood salad, cooked assorted vegetables and homemade dressings
      435 words
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      Page 8 Advertisements Column 3
      283 8 Time for Karaoke in The Streets. Sunday to Thursday 6 Friday, Saturday :6pm- 3 ac &PH Eve (sls++) \\i) I Happy Hours Plaza f^EL ■iSX7-r»-. -nti tfiir'-inniiiri 'Until "HMHIIT ROSEGARDEN SICHUAN RESTAURANT W Level 3. Co Men Landmark Hold 390 Victoria Street. Singapore The Art of Sichuan Qusine The Rose
      283 words
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      Page 8 Advertisements Column 4
      358 8 V I aSl'"Wi!Wr MOTHER'S DAY JfjL M A Y 1 3 b|PC I HERE'S TO I iYOU,MUM!i There's no better time to lavish your affection on your mother. Take her to a Special Lunch at the Mandarin Ballroom. Just for her, there'll be a wii buffet lunch with live entertainment,
      358 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      590 8 TELEVISION AMP RADIO I -I'M 4"V* i"k O T SBCI2 10 30 Mov» -I he MO Artion"'" BUSINESS r arm in tile SKy ™c.«.,c 7 gsg* Fnd,> a a?.!E£r A,amoßay Triangle ft S£2£»<M> nSSi News >- 12.55 The Adventure Series: Learn- 7.00 Cable New* Network. 4.15pm, 10.45pm: Business Mat- fl^
      590 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Still haunting after 30 years
      970 9  -  Since its first screening in 1960, Psycho has spawned numerous imitations. Christopher Lehmann-Haupt reviews a book which examines the movie that in many ways broke new ground Christopher Lehmann-Haupt NYT Alfred Hitchcock and the Making of Psycho By Stephen Rebello Illustrated. 224 pages. Dembner Books.
      NYT  -  970 words
    • Article
      Lock icon Grand Hotel heads Tony nominees
      491 9 NYT GRAND HOTEL received 12 nominations on Monday to lead the field for the 1990 Tony Awards. City of Angels took 11, The Grapes of Wrath got eight, Aspects of Love won six and Gypsy and The Piano Lesson came in with five each. The
      NYT  -  491 words
    • Article
      James Brown benefit concert cancelled
      252 9 CHATTERBQI" PLANS for a benefit by soul singer James Brown have been turned down by the South Carolina Corrections Department. Last Monday, a Los Angeles promoter said Brown would hold a concert on May 16 in Charleston with Gladys Knight, Little Richard and Jermaine Jackson.
      252 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      199 9 AND ENTERTAIN Prelude To Austria's Gastronomic Repertoire. Come May 7 to 25, Hubertus Grill gives you a rare chance to savour Austria's rich and wonderful culinary classics, complemented by a choice selection of fine Austrian wines. Guten apetit! A® Century Park Sheraton Singapore 16 NASSIM MILL, SINGAPORE 1025. TEL: 732
      199 words
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      Page 9 Advertisements Column 2
      34 9 It's Now open on Wednesdays also v #02-19 Raffles City Shopping Centre, Singapore 0617 Business Hours: 11.00 am to 9.30 pm Tel: *****08 Noted for delicious NASI PADANG Jfl J RESTAURANT MOCK LOCK KEE
      34 words
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      Page 9 Advertisements Column 3
      329 9 +*r la WO TEE-OFF CAFE KQ a Internationa! Buffet Spread Lunch: $18.00 (Aduh) > /S(V s 10.00.(Child) Dinner: $22.00 (Aduk) IJSm f Slo.oo* (Child) X 7T\k"V restaurant f \(f Ta' Japanese Set Med \i Xwfr? Lunch: $20.00 I^3 IJI Dinner: $28.00* l/Zfll CHINA CHINA fi« <M c_rcr: y \V] /rl/f
      329 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market ends mixed on light profit-taking
      4496 10  -  By Lim Mui Khi AFTER MONDAY'S strong rally, light profit-taking by cautious investors brought shares in Singapore to a mixed close yesterday. The key Straits Times Industrials Index edged up a marginal 1.95 points to finish at 1,516.43, while the Business Times Composite Index
      4,496 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4229 11 Main Board SIA Foreign 1980 60 +3.1% OCBC Foreign 1050 20 +1.9% CK Tang Wt 90 194 +16 +9.0% UOB Foreign 640 +15 +2.4% ICS 535 +15 +2.9% Apollo 245 +13 +5 6% Spore Land 1510 +10 +0.7% Asia Pacific 1060 +10 +1.0% Keppel Corpn
    4,229 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      301 12 Ceaipaay Date Year Group Nat Nat earnings Grass ann ta profit/loss (L) par shara dividend (*000) (cants) Nat Iron May 7 Dec 89 $41.413($40.848) 43 1(42 7) 16(16) Inchcape May 7 Dec 89 $83,615(160.704) 51.1(37 1) 75b(185) U06 May 4 Dec 89 1239,616(1172.222) 43 3a(34 2a) 16 4a(14
      301 words
    • Article
      PRELIMINARY RESULTS
      182 12 Company Data Year Croup pre-tax Nat earnings Gross ana to profit/loss (L) par share dividend (•000) (cants) Multi Purpose May 3 Dec 89 M$30,095(M$65.917) 0 8(2 0) Reck Seng May 2 Dec 89 MJ27.451 (MJ25.155) 11.3(11 4) 12.7(7 la) lacks Int Apr 30 Jan 90 $1.096($2.724) -(0.3) Mt
      182 words
    • Article
      INTERIM RESULTS
      124 12 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend ('000) CiC May 4 Mar 90 546.270(121.667) 4(29a) C4C Bmtang May 3 Mar 90 MJ14.337(MJ7,596) 5(4) SPH Apr 27 Feb 90 $84,977(560.194) 8(8) Cerebos Apf 27 Jan 90 J33,904($30,676) M Glass Apr 24 Jan 90 M$4.847(MJ4,555) 6TE(6TE)
      124 words
    • Article
      DIVIDENDS ANNOUNCED
      1336 12 Current Ex Books Date Total tor Total tor payment date dose payable the year la*t year AfiM 15% May 3 NYA May 16 29* 28* Avtno 15*TE Feb 28 Mar 12 May 15 25%TE 25%TE Boustead 5* (I) Apr 18 May 4 tun 7 5* 15* Bousteadco 3*
      1,336 words
    • Article
      RESULTS DUE
      573 12 Singapore Stocks Last Fall Year Company Period Date Ye* IW EPS Gran Net arramced endnj (carts) profit last re* (1*000) BMT Interim Un 27 Jun 90 1696 1000 S16 Isetan Final Feb 28 No* 89 391 100 11.728 tt*cs Nk Final Mar 27 Dec 89 3.471L leant tint
      573 words
    • Article
      PROPOSED ISSUES
      309 12 Company Rights Issue Causeway bar Capital reduction scheme to reduce par value of shares from $1.00 to SO GO: Rights issue of 3:2 SO 60 Pef share F AC8 One-tor-one MSO 50 per share Faber Merfr One-tor-one MSO 25 per share. tohmed by a share swap of five
      309 words
    • Article
      CORPORATE DEVELOPMENTS
      163 12 May 4 Fleet Group Sdn Bhd has acquired the entire equity of Jaguh Mutiara Sdn Bhd, which is the beneficial owner of 55 million ordinary shares in Hume Industries. May 2 Mar-Pacific Industrial Group Bhd has sold its entire 6.9% stake in Heilig-Meyers, a company listed on the
      163 words
    • Article
      APPROVED ISSUES
      428 12 Company Rights Issue Apoh One for one $1 85 per share EiOate Apr 23 Books Close May 7 Acceptance ft Payment NYA MMB One-tor tour <q, MJ2 40 per share Ei-date Mar g Books dose Mar 22 Acceptance Payment May 10 lin Hoe Capital Restructuring Scheme (CRS) invoking
      428 words
    • Article
      BONDS, LOANS & WARRANTS
      650 12 BONDS, LOANS WARRANTS Company Cowvrtio* yftod Crrin twi tw WW llfclj tkan CauMway loan Causeway Nt 2/10/W to 21/10/94 1 warrant plus $1 cash or 1 warrant phs $1 normal amount of loan stock Chart Notes Omm *9 Nt March 87 to 31/12/91 1.55 warrants phrs $155 cash Chun Hv
      650 words
    • Article
      COMPANY MEETINGS
      77 12 Muda HokSnfs Bhd: EGM at the Conference Room. Ist Floor, Lot 7, Jaian 51A/241, ***** Pctaling iaya, Selangor Oarul Ehsan on Thursday, May 10, at 12 noon. Sim Lim Investments Ltd: EGM at Meiia at Scotts Hotel, Summit Room, 15th Floor, 45 Scotts Road, Singapore 0922 on Friday,
      77 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      200 12 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's
      200 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares ease broadly after Monday's rally
      3773 13 MBT, Bernama SHARE PRICES on the Kuala Lumpur stock market retreated broadly yesterday on profit-taking following the widespread gains on Monday. Brokers said the market had opened higher with interest showered mainly on lower-liners and situational counters. But it turned easier after the first
      MBT,; Bernama  -  3,773 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      36 13 Children's Britannica helps improve the quality of your child's school work. For more information. Call now at [*****22/*****901 STP Distributors Times Publishing Group a managers /l/l ust W lanage BT shows you how every Monday, j
      36 words
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      Page 13 Advertisements Column 2
      312 13 NOTICES ADVERTISEMENT FOR CREDITORS In the Matter of THE COMPANIES ACT CHAPTER M (IMS EDITION) And In the Matter M INTEGRATED TRAVEL TOL'RS PTE LTD (Members' Voluntary Wlndlng-lp) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company which Is being wound up voluntarily are required on or before
      312 words
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      Page 13 Advertisements Column 3
      304 13 I.D. HOLDINGS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 250 North Bridge Road, #30-05/06 Raffles City Tower, Singapore 0617 on the 30th day of April 1990 at 10.00 a.m. the following Special Resolutions were passed: That the Company be wound up voluntarily
      304 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market closes slightly firmer in heavier trade
      2320 14 Reuter TOKYO STOCKS closed slightly higher in relatively heavy trade yesterday after its tenth largest gain in a single day on Monday. Brokers were heartened that yesterday's volume, the highest in a month, did not bring a retreat in the benchmark index, which
      Reuter  -  2,320 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Buying interest dries up on political concerns
      2672 14 Reuter HONGKONG stock prices rose in the morning on strong turnover yesterday, but turned tail in the afternoon to end generally lower in thin trade. Shares fell as buying interest dried up on political concerns and some profit-taking set in, brokers said. "There
      Reuter  -  2,672 words
  • Page 14 Advertisements
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  • REGIONAL STOCK MARKETS
    • Australian shares close barely steady
      • Article
        AUSTRALIA
        1098 15 AUSTRALIA'S sharemarket closed barely steady yesterday after fluctuating in directionless trade on thin volumes, brokers said. The All Ordinaries index finished 1.0 point off at 1475.9, after an early rally pushed it as high as 1482.8. Brokers said profit taking after Monday's sharp climb pushed the market back a
        1,098 words
      • Article
        SEOUL
        749 15 SEOUL stocks posted moderate gains in active trade yesterday as investors bought shares in heavyweight companies, brokers said. The composite stock index ended the day up 4.98 points at 796.54, after gaining more than 13 points in early trading. Volume was 280.7 billion won against 361.9 billion on Monday.
        749 words
      • Article
        NEW ZEALAND
        404 15 LEADING New Zealand shares closed lower yesterday for the first time in five days on good turnover, though brokers believe the market is forming a solid base around current levels. "There was plenty of both offshore and local buying and selling," said Richard Burton of Cavill White Securities.
        404 words
      • Article
        MANILA
        338 15 PHILIPPINE shares closed mixed yesterday after a strong opening session of bargain-hunting fizzled on some profit- taking, which was triggere by fresh caution ahead of talks on theJS bases next week, brokers said. But the market poste* overall gains as the Manila Stock Excinge composite index settled 8.72 p<nts
        338 words
      • Article
        TAIPEI
        335 15 TAIWANESE stocks closed slightly higher in the lowest turnover since April 14 as investors were cautiously sidelined, dealers said. The weighted index rose 68.33 points, or 0.8 per cent, to finish at 8.948.49. Turnover fell to $78.6 billion from 100.3 billion on Monday. There was no buying interest as
        335 words
      • Article
        JAKARTA
        623 15 THE Jakarta Stock Exchange rose gently on more active trading yesterday, especially of new issues. On the regular market, realty firm Duta Anggada kicked off with 103,000 shares traded. It rose to 8,250 rupiah from an issue price of 7,500. Leasing firm BBL Dharmala, listed on Monday, pulled back
        623 words
      • Article
        BOMBAY
        49 15 BOMBAY share prices rallied strongly yesterday from a cautious start on heavy speculative buying ahead of the account's end, brokers said. The Bombay Stock Exchange index rose 5.81 points to 785.19. The national index gained 2.21 to 420.97. The market will be closed today for a local holiday.
        49 words
      • Article
        BANGKOK
        591 15 THE Bangkok market was closed for Visakhabucha Day. The prices carried below are Friday's prices. Bangkok 4 Baht VolCOO) Alucon Mfg 532 2 31 American Standard Asia Credit 90 I 2940 Asia Hotel 194 I 268 Asia Sec. Trad-ng 35 -0.25 4860 Ayudhya Ins 513 +2 43 Ayudhya Invest
        591 words
      • Article
        Untitled
        488 15 (lose Previous May 8 May 7 SYDNEY All Ordinaries Index 1475.9 1,476.9 -1.0 All Industrials Index 2293.4 2,292.0 +1.4 All Resources Index 853.0 853.9 -0.9 Turnover (million) 57.63 105.83 -48.2 BANGKOK SET Index Hosed Closed Turnover (nearest '000) Closed Closed JAKARTA Composite Index 642.98 641.31 -H.67 Turnover (nearest '000) 5,480
        488 words
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  • WORLD STOCK MARKETS
    • American blue chips extend gains
      • Article, Illustration
        NEW YORK
        1194 16 AMERICAN blue chips extended their winning streak to six days on Monday, bolstered by robust gains in technology stocks and waning inflation worries. Volume was mild, perhaps a reflection of nervousness prior to the US$3O.5 billion Treasury refunding this week, traders said. The Dow finished up about 11
        1,194 words
      • Article
        PARIS
        131 16 THE Paris bourse was closed yesterday for Victory Day and will reopen today. On Monday French share prices ended higher in quiet trading and the CAC General index, based on opening prices, ended at a record high of 557.60, dealers said. The CAC General is calculated orprices of 235
        131 words
      • Article
        MILAN
        220 16 ITALIAN share opened slightly higher yesterday but ten fell back by midmorning as opotors initially reacted cooly to results >f local elections, brokers said. The MIB incx was up 0.4 per cent at 0900 GMTbut was shown unchanged one her later. "The election results, althoughnot welcomed with a lot
        220 words
      • Article
        JOHANNESBURG
        417 16 THE Johannesburg stock market opened with further gains yesterday after Monday's strong rally, buoyed by continued positive sentiment sparked by the recent talks between the South African government and the African National Congress (ANC), dealers said. "The market was oversold and due for a correction," Maurice Fisher of Frankel,
        417 words
      • Article, Illustration
        LONDON
        875 16 BRITISH shares opened higher yesterday after the long weekend following firmer closes in the US and in Japan, where Tokyo stocks extended Monday's tenth largest one-day gain. There was little corporate news in early trade. The FTSE index was 12.0 points higher at 2174.2 by 0735 GMT. Dealers said
        875 words
      • Article
        ZURICH
        350 16 SWISS shares were traded almost steady at midsession yesterday after recovering from an easier opening. Dealers said foreign buying helped the market to regain ground. Volume increased from an slow start. The SPI index, which had fallen as low as 1,069.7, stood at 1,075,2 points, 2.2 points under its
        350 words
      • Article
        FRANKFURT
        202 16 WEST GERMAN shares fell 1.8 per cent in thin trade yesterday, as the impetus which had driven prices sharply higher over the last four days drained from the market, giving investors a moment to pause for consolidation. The DAX index of 30 leading shares closed 35.67 points lower at
        202 words
      • Article
        AMSTERDAM
        319 16 DUTCH shares were mixed in very thin trade at midday yesterday with falling German and rising British shares confusing sentiment, a dealer said. "The market is empty and directionless. Slightly firmer bonds with a new state bond in view provide not much stability," a trader said. At 1130 GMT
        319 words
      • Article
        Untitled
        317 16 May 7 Close Previous NEW YORK Dow Jones 2,721.6 2710.36 +11.26 NYSE Financia 139.16 138 32 +084 SAP 500 340 53 338.39 2.14 Turnover (millH) 133.00 141.00 -8.0 LONDON Financial TimesO Closed 1696.8 FTSE 100 Oosed 2162.2 Turnover (millio Closed 437.5 AMSTERDAM CBS General 194.0 193.0 +1.0 BRUSSELS Slock Index
        317 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Investors park funds in sterling amidst a lull
      1162 17 REPORTS STERLING'S high 15 per cent yield continued to provide a solid base for the currency yesterday, as investors used it as a parking lot for funds in the quiet conditions. However, a gradual drift lower could be on the cards during
      1,162 words
    • Article
      Lock icon Tokyo may admit UK-Japan broker
      257 17 Reuter THE JAPANESE Ministry of Finance is considering allowing Hatori-Marshall Co Ltd, a UK-Japan joint currency brokerage firm, to enter the domestic money market broking business. Banking industry sources said the move is a part of the ministry efforts to liberalise Japan's money market in
      Reuter  -  257 words
    • Article
      Lock icon Japanese stance on US bonds
      125 17 Reuter JAPANESE INVESTORS may be a bit more cautious at this week's US$3O.5 billion US Treasury auction after last Friday's bond price rally, but they are still likely to buy some 30 per cent of the bonds offered, analysts in Tokyo said on Monday. The
      Reuter  -  125 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1436 17 S1MEX Euwoooiuur Open High Low Sett Est Vol Op/Int Vol Jun 90 91 40 91.41 91.38 91.40 1862 215% 3665 Sep 90 91.23 91.24 91.20 91.21 3698 ***** 8413 Dec 90 91.02 91.03 91.00 91.01 515 3539 1146 Mar 91 90.90 90.90 90.87 90.88 175 556
      1,436 words
    • Article
      INTERBANK FOREX RATES
      395 17 Cross rates May s US$ SS M$ Dm Yen SFr AS NZS USS 1.8725 2.7060 1.6560 158.10 0.6001 1.4320 1.3228 1.7406 SS 0.5340 4451 0.8844 0.8443 0.3205 0.7648 0.7064 0.9296 MS 0.3695 69.20 0.6120 0.5843 0.2218 0.5292 0.4888 0.6433 Dm 0.6039 1.1307 1.6341 95.47 0.3624 0 8647
      395 words
    • Article
      MONEY MARKET
      572 17 Interbank rates s$ Bid Offer Overnight 6 5/16 6 7/16 1-month 6 11/16 6 13/16 2-month 6 3/4 6 7/8 3-month 6 13/16 6 IS/16 Ownight mode: 6-5/16 LS$ Offer 7 days 8 1/4 8 3/8 1 month 8 1/4 8 3/8 2 months 8 3/8 8 1/2
      572 words
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  • COMMODITIES
    • Article
      Lock icon Plans to build refinery in Kedah puzzle minister
      335 18 Reuter MALAYSIA'S Trade and Industry Minister has criticised a proposed US$l billion oil refinery to be built as a joint venture with Iran and Indonesia, saying it could lose money. "The plans are puzzling," Rafidah Aziz said at a business seminar, adding
      Reuter  -  335 words
    • Article
      Lock icon Cutback pledges by Opec dubious: Mees newsletter
      362 18 Reuter PLEDGES by some producers to reduce their production as part of an Opec-wide cutback to shore up world oil prices look dubious, the authoritative Middle East Economic Survey (Mees) said on Monday. Commenting on the agreement at last week's Opec meeting in
      Reuter  -  362 words
    • Article
      Tin price bounces back as buyers return
      780 18 REPORTS THE Kuala Lumpur Tin Market (KLTM) yesterday rebounded after recent falls to close seven sen higher on renewed buying interest and some short-covering activity. The tin price closed at M$ 17.05 per kg against Monday's M$ 16.98 per kg. At the opening,
      780 words
  • Article
    PRICES
    1175 18 Rubber May 8 HAS (MJa bjlei) S cents/kg Noon Close Inl I RSS Prompt 158.50/159 50N I5900/I6000N Int I RSS June 90 160 50/161 00 161 00/161 50 Int I RSS July 162.75/163.25 163 00/163 50N Inl 2 RSS OP 153.00/155.00N I5300/I5500N Int 3 RSS OP 147.50/149 50N 147
    1,175 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      723 18 Advertisement The Fine Art of Driving Car connoisseurs the world over have come to recognise the BMW as a work of art. It stands to reason then that it takes an artist to drive a BMW the way it was built to be driven. Fortunately, people who buy BMWs are
      723 words
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      Page 18 Advertisements Column 2
      13 18 Full of fun and surprises For more information, call *****58 Times Publishing Group
      13 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1010 19 City Flight ETA FHght ETD Abu DkaM GA895 1235 GA886 0010 Adatoidu QF7 2025 SQ227 2250 AmstartUn GA895 1235 KL814 1720 KL813 1455 QF15 2215 Auckland TE25 1800 SQ388 2025 TE28 1920 Bahrain QF9 2230 Bandar Sari B1421 1100 SQ128 0915 Bagawan SQ181 1410 BI422 1205
      1,010 words
    • Article, Illustration
      Fair blooms attract thousands
      690 19  -  LETTER FROM OSAKA jr w JW Jr By Peter Grilli EACH spring Japan is consumed by a delirium that accompanies the explosion into bloom of brilliantly coloured cherry blossoms. For a week or so every April, mountain forests and city parks throughout the country are suddenly
      690 words
    • Article
      MONEY CHANGER RATES
      152 19 As at 3p«n yesterday: I-ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4030 1.4230 Canadian dollar 1.5910 1.6110 NZ dollar 1.0630 1.1030 Sterling pound 3.100 3.1200 US dollar 1.8650 1.8750 I>ocal dollars to 100 units of foreign currency Austrian schilling 15.70 16.70
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      66 19 Duration Title Venue OnMiaer Td Apr 27 International West Dusseldorfer (49)211/4560May 10 Fair Printing Germany Messegesellsch- 01 and Paper aft mbH Nowea May 2-9 Hanover Fair Germany Foir de (49)511/89-0 *90 Industry Hanovre CeBit Duration Title Venue Organiser Tel May 4-13 Bordeaux France Foirc (33)*****555 '90 International
      66 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      50 19 Ihe business person s choice ever* l uesdjy, I fhursilas.Saturilas andSunila\.leasing( han^i Bl I I ft W \irport at 22:25 hours anil arriving at I ester B. M V 1 XV i m S Pearson International Airport the lolloping das. A 151; i ii <) v V\ik s ii AI
      50 words
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      Page 19 Advertisements Column 2
      284 19 Business Times THIS ACMONYM CONTEST Test your knowledge and win one of 6 ms<Bi watches How to enter A conicst form will appear for 2 days, on Tuesday, May 8,1990 and Wednesday, May 9,1990. All you have to do is to give us the full term for the acronyms given
      284 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      271 19 ACROSS 1 Express contempt for a 1 2 P 5 P 7 P foul-mouthed hooligan (S) 4 A second HI without regard to princi- io punchy HH 14 Pound a piece of tobacco 17 Macmillan playing golf 19 Office junior becomes a top civil servant (5-9) 22 Partner gains victory
      271 words
    • Miscellaneous
      Page 19 Miscellaneous Column 2
      208 19 Singapore Outlook: Showers in the afternoon Report: Max temp 32.6* C Assoc humidity 68% Min temp 25.5* C Assoc humidity 97% Hrs of sunshine 7.00 Rainfall in mm Nil Rainfall this mth 168.6 Rainy days this mth 3 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 18/10 Showers Bangkok 35/26 Fair Beijing
      208 words
    • Miscellaneous
      Page 19 Miscellaneous Column 3
      28 19 [oveß ONe Personal \no good commd Aw R.&riv <wac WK] JJ rtopg U>»TH Me TO J_ JJ v^_r_ A 'MmS" f U EVENING STANDARD CO. LTD., 1942-1990 «IM>
      28 words
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  • Article
    Asean contractors urged to cooperate in Indochina tenders
    415 20  -  From Lilian Ang in KUALA LUMPUR ASEAN CONTRACTORS have been asked to pool their resources when bidding for jobs in Indochina. The call was made by Associate Professor Manop Bongsadadt, vice-rector of Thailand's Chulalongkorn University. Speaking at the two-day Asean International Symposium
    415 words
  • Article
    Lock icon G Motors beefs up presence in region
    147 20 AFP AMERICAN car giant General Motors has announced the establishment of a regional headquarters in Hongkong, offices in Indonesia and Thailand, and new management posts in Singapore. The GM Overseas Corporation office in Hongkong would be expanded to hold the regional headquarters for
    AFP  -  147 words
  • Article, Illustration
    Driven to tears
    40 20 This Palestinian youth probably drove Israeli soldiers to tears when he threw back a tear gas canister at them during violent clashes in Ramallah on the West Bank on Monday. Two Palestinians were wounded during the unrest.
    40 words
  • Article
    Lock icon Wah Chang looking for hotel sites in M'sia
    418 20 Bernama WAH CHANG, a widely diversified group with operations in Thailand, Malaysia, Singapore and Hongkong, is eyeing several holiday resort sites in Malaysia and Indonesia with a view to building international-class hotels. Speaking to newsmen after giving a luncheon talk to the
    Bernama  -  418 words
  • Article
    Lock icon IMF agrees to increase resources by 50pc to US$60b
    401 20 AFP THE 152-NATION International Monetae Fund (IMF) has agreed to increase its resources by 50 per cent, or US$6O billion. Canadian Finance Minister Michael Wilson, who had chaired the semi-annual meeting of the IMFs main policy-making body, said in Washington yesterday
    AFP  -  401 words
  • Article
    Lock icon Aussie govt unveils agenda
    77 20 Reuter AUSTRALIA'S Labor government formally embarked on its eighth successive year in power yesterday with a programme of cost-cutting and economic reform intended to salvage the economy. The programme was outlined at the first sitting of Parliament since Labor's election on March 24 for a fourth
    Reuter  -  77 words
  • Article
    Lock icon Seoul to force top conglomerates to dispose of idle land
    231 20 Reuter SOUTH KOREA yesterday unveiled a plan to contain rampant real estate speculation. Deputy Prime Minister Lee Seung-yun and economic ministers told a news conference that the country's 49 largest conglomerates would be forced to dispose of idle land by
    Reuter  -  231 words
  • Article
    Lock icon Third World inflation rate at record 86pc
    417 20 AP CONSUMER PRICES rose a record 86.3 per cent in Third World countries last year, spurred by a 350 per cent rise in Latin America, the International Monetary Fund reported on Monday. Among 22 industrial countries, the rise was only 4.5 per cent,
    AP  -  417 words
  • Article
    Lock icon Consumers may be worried about health of US economy
    316 20 Reuter, AP A SURVEY of consumers has uncovered what may be growing unease over the health of the US economy, an industry group said in Chicago yesterday. The Food Marketing Institute, a trade group representing the country's supermarkets and allied businesses,
    Reuter,; AP  -  316 words
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  • Shipping Times
    • Article
      Change in Thai rules on private planes likely
      282 21 IN EFFORTS to promote Thailand's aviation industry, the Transport and Communications Ministry is expected to seek Cabinet approval to liberalise small private aircraft ownership and operations. The National Security Council had earlier opposed such a move for security reasons. A source told
      282 words
    • Article
      PPA and Marina disagree over port charges for foreign-flagged ships
      354 21  -  From Al O Labita IN MANILA THE STATE-RUN Philippine Ports Authority (PPA) and the Maritime Industry Authority (Marina) are at odds over the operations of foreign-flagged vessels in domestic trade. The controversy stemmed from Marina's continued issuance of "special permits"
      354 words
    • Article, Illustration
      Hual to include two Asian ports in Europe-FE run
      406 21  -  By Dexter Lee OSLO-BASED Hoegh Ugland Auto Liners (Hual) has expanded its Europe-Middle East-Far East (EUMEFE) roro service to include two more ports of call in Asia Manila in the Philippines and Inchon in South Korea. Mr George Lee, marketing manager
      406 words
    • Article, Illustration
      Ferry safety measures become law
      309 21 A SERIES of measures to improve the safety of passenger ships especially roll-on/roll-off ferries became international law on April 29. Applying to more than 96 per cent of the world merchant shipping fleet, most of them were adopted in response to the Herald of Free
      309 words
    • Article
      New customs complex set to aid KL shippers
      393 21  -  By Othman Abu Bakar SHIPPERS using Port KJang can expect speedier processing of their documents from 1992 onwards when the Customs Department's new complex in north port is operational. The new customs complex, costing some M 516.7 million and located on a
      393 words
    • Article
      Panamanian appointed administrator of Panama Canal
      223 21 US PRESIDENT George Bush has confirmed businessman Gilberto Guardia Fabrega as administrator of the Panama Canal Commission and appointed four Panamanian citizens to the board of directors. Mr Guardia is the first Panamanian to hold the post. The announcement of his appointment was made
      223 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        P and O acquires stake in oil tanker fleet
        53 22 BRITISH shipping giant P and O has acquired a 50 per cent stake in British oil transport specialist Rowbotham Tankships and would be integrating its 21 tankers into its fleet. All the tankers are registered in the Isle ot Man and
        53 words
      • Article
        Oil spill legislation in progress
        90 22 A BILL that would levy heavy fines for oil spills in California's waters passed the state assembly 58-10, said C alitornia Lt Gov Leo McCarthy, a sponsor of the measure. The bill would mandate fines of US$lO tor each gallon ot oil spilled and US$3O
        90 words
      • Article
        Gulf Air orders CFM engines
        107 22 GULF AIR. the airline of four Middle Eastern countries, has ordered CFM International jet engines worth US$225 million to power Airbus Industrie A 320 jetliners, the engine maker said. CFM said the CFMS6-5 engines would power 12 firm and six option Airbus jetliners. Delivery is
        107 words
      • Article
        Cathay Pac's revenues up 4.1pc
        87 22 CATHAY Pacific's cargo operations lose 9.3 per cent to 281,000 tons last year, with revenues for cargo carried moving up 4.1 per cent to HK52.73 billion. The airlines chairman, Mr David Gledhill, revealed these at the company's recent annual general meeting when he said Cathay
        87 words
      • Article
        Stranded tanker refloats
        94 22 A 750-ft Liberian tanker, stuck in a shipping channel since Friday, was freed after more 250,000 barrels of crude oil were unloaded onto another tanker in a ship channel leading to the Gulf of Mexico. There were neither injuries nor pollution in southwest Louisiana's Calcasieu Ship Channel,
        94 words
      • Article
        Mozambique joins Inmarsat
        49 22 MOZAMBIQUE became the 59th country to join Inmarsat. Based in London, Inmarsat is a global satellite operator with 59 investor-countries providing mobile communications for maritime, aeronautical and land-mobile users. "The Expresa Nacional De Telecomunicacoes De Mocambique, EE has been nominated as the country's Signatory and shareholder.
        49 words
    • Article, Illustration
      Lock icon Speed pays off for ABB
      1143 22 In the takeover game, haste make profits. Top executives at Asea Brown Boveri dazzle Combustion with the rapid acquisition. The US$ 1.6b deal was struck in six weeks. But there is no mystery for ABB to rush into the takeover. NYT WHEN it comes to
      NYT  -  1,143 words
    • Article
      TRANSPORT DIARY
      875 22 Feb 7-Jun 6: Sea Transport covers transport geography, liner and tramp shipping, conducted by the Singapore Freight Forwarders Association. The Manager, SFFA, 7500 A Beach Road, #13-314 The Plaza, tel no: *****45 (for members only). April 2-May 14: Course on Container Management by the Singapore National Shipping Association
      875 words
    • Article
      THE SHIPPING GUIDE
      12424 30 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
      12,424 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        577 37 VwMt Voy No B«rth *m»I D«wrti»e Keppd Wharves B Sevang 01 K29 alongside 0905/0800 Blue Ocean 9029N K33 alongside 08 05/2300 Eastern Gl 13E/90 K18 alongside 09 05/1200 Shcustian 23/24 CIO alongside 1205/1100 SoufflKn Cos 32A K34 alongside 10.05/1200 Trans! tmi 1628 C09 alongside 09 05/1/00 Oohh
        577 words
      • Article
        CONTAINER SCHEDULE
        1806 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Transtainer Schedies Ship Voy No Ait Date fine From To Boofcnf Gate Op Gdi Anson *****N 10.05.90 1500 09/2130 09/2159 Portnet 2 08 00 F05 10/0430 10/0459 NA 2 sss As Plu»- 170 10.0590 0900 09/0730 09/0829 Portnet 2 A3
        1,806 words
      • Article
        IN MALAYSIAN PORTS
        322 37 Port Klang South Port: M berth 3; New Man Hing berth 7; Beriasa berth 7A. KCT: Bunga Raya berth 8; No 7 Donam berth 9; Benalder berth 10. North Port: Ping Jiang berth 11; Bangkhuntien berth 12: Ananas berth 13: Ping Quan berth 14: Cosmic Pioneer berth
        322 words
    • Article
      DAILY FREIGHTS
      984 37 CHARTERING business was slow to develop on the dry cargo freight market on Friday, with few fresh fixtures reported, although rates softened, brokers said. Quiet conditions reflected this holiday-in-terrupted week as well as the approach of the Spnng holiday break in Bntain on Monday. In the grain sector,
      984 words
    • Article
      Lock icon NZ stops wool shipments to USSR
      142 38 AP WOOL exporters have halted shipments to the Soviet Union because of unpaid bills totalling US$3O million, a NZ trade association president said. Michael Moss, president of the Local Trade Association, said the Soviet Union had fallen behind in payments apparently because of a
      AP  -  142 words
    • Article
      Lock icon Saudis reject fourth shipment of sheep
      230 38 AFP SAUDI Arabia has rejected its fourth shipment of live sheep from Australia in less than a month, the Australian Meat and Livestock Corporation (AMLC) said on Monday. An AMLC spokeswoman said, "The official reason for the rejection was age." Following the latest barring,
      AFP  -  230 words
    • Article
      Lock icon ATT system set to save Pan Am up to US$20m
      486 38 Reuter PAN American World Airways eventually expects to save US$l5 million to US$2O million a year from a new computer system to be installed through a five-year contract with American Telephone and Telegraph Co. ATTs Computer System unit said the
      Reuter  -  486 words
    • Article
      Bimco has no involvement with Bimco Worldwide
      147 38 BIMCO, or the Baltic and International Maritime Council, says it has no involvement whatsoever, either directly or indirectly, with the operations of a Sin-gapore-based shipbroker company called Bimco Worldwide (Malaysia). "As enquiries received from Bimco members have clearly indicated, the compa- ny's use
      147 words
    • Article
      Mombasa traffic up sharply
      129 38 THE Port of Mombasa handled 7.2 million dwt of traffic in 1989, up from 5.2 million in 1988, Kenya Ports Authority said. Transit traffic through Mombasa jumped to 550,000 dwt from 360,000 dwt in 1988. During the same period. Mombasa handled 130,000 TEUs of container traffic,
      129 words
    • Article, Illustration
      Lock icon Oil spill safety will boost fuel costs: Coast Guard
      410 38 Reuter THE costs of preventing and cleaning up oil spills in the United States will ultimately show up at the retail level in the form of higher fuel costs, Admiral Paul Yost, commandant for the US Coast Guard said. "The bottom
      Reuter  -  410 words
  • Page 21 Advertisements
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      259 21 BALTIC MADRAS/CALCUTTA SHUTTLE NEXT SAILING VESSEL/VOC SIN MM £CU J VESTA 02N90 16/5 22/5 S EIGHT 03N90 12/5 19/5 CALL: 224 6071 (See Page 13 Column 4). SEND A COUIYTRY REPORT Mow and then, you send performance reports to your head office or The Straits Times 0§ I Make your
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      Page 21 Advertisements Column 2
      25 21 Contaner Schedule 17 Datfy Froghts 17 Index to Advertisers 3 Stopping Guide 10,11 Stops w Port 17 Singapore Tides 17 Weather and Sea Condrtiorts 17
      25 words
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      Page 22 Advertisements Column 1
      199 22 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, Is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's
      199 words
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      Page 22 Advertisements Column 2
      13 22 The Weekly Freight report was not available due to the L K holiday
      13 words
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      Page 23 Advertisements Column 1
      2369 23 mm Milium III! I III! II III! II 4«1 If# 200 Cantonment Road #12 05 Southpunt. Singapore 0208 AlllF# Tel *****11 TELEX NO RS 24m wm m. xix iw terminal,cfs iei *****11 220 Pmfn *1 bookings th *****34 23s VA*/ A PESAKA JAROINE SMIPPINC AGENCIES SDN BHD V PORT KEIANG
      2,369 words
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      Page 23 Advertisements Column 2
      1261 23 MDEX P««e Col P«Rt Col f~ A Macolinc 14 1/2 1 MadjuSdnßhd 16 1/2 ABC Cootaincriinc 13 5 .Maerskl.inc 3 4/5 Accord Shpg 8 3-5 Mainfrcight 15 4 Albalros Sea-Air 14 5 MISC 14 1-3 Alfred C Tocpfcr 15 5 M'sia Shpg Corp 9 1/2 Ahrcnkicl Liner 16 Meng Horng
      1,261 words
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      Page 23 Advertisements Column 3
      2334 23 Vessel Voy EfA 1 ETO 'Port 'Peking DESTINATIONS Singapore Keiang Thts week M 9004 fee<ler by IS/* 0400 HAS Farce 4 PHI IHHI crs 14.*5 '#00 MRS M Tauro OAK LGB HOU MEM ATL MIA CHS BAL PHI NYC MON TOfl METTE M 9004 15/S 16/5 W5 12/5 2/« 4«
      2,334 words
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      Page 24 Advertisements Column 1
      1217 24 r- i ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE LIVERPOOL BAY 90/555 9/5 11/5 29/5 31/5 2/6 3/6 5/6 KASUGA 09/554 10/5 5/6 29/5 1/6 28/5 4/6 BERLIN EXPRESS 01/558 16/5 18/5 5/6 7/6 9/6 10/6 12/6 CARDIGAN BAY 95/557 17/5 12/6 5/6 8/6
      1,217 words
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      Page 24 Advertisements Column 2
      626 24 SOUTH PACIFIC SERVICE SIN POM SUV PPT ISLA FIOREANA 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 Aaents: tt&d/AfXIl SINGAPORE: SUMS* BOOKINGS: *****08 VS. JAYA: 03-*****25 JOHORK: 07-*****2 PENANG: 04-*****7 northbound to ukc (spore Irdm/adam HBG HULL(UK) CLYDEBANK V 28N 19/5
      626 words
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      Page 24 Advertisements Column 3
      1577 24 Ql REGULAR INDEPENDENT FULL CONTAINER SERVICE Z WESTBOUND FOR EUROPE -Z VSL VOY SIN CLM ALG BCL FEL HAM BRE ROT ANT LHA J (VIA (VIA (VIA U W ALG) HAM) ROT) NORASIA AL MANSOORAH 9010-3 12/05 16/05 01/06 03/06 05/06 07/06 08/06 09/06 10/06 11/06 JAPAN SEA 011W 18/05
      1,577 words
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      1532 25 Shipping Times, Wednesday May iwi Bjg Steamers Maritime Holdings Ltd] ffe.- -> DjP,n I flf Wf straits shipping! WjT I OCv smmn ti Br—tl Eist mnvrta. I Containers mm »***»<- accepts doe sails II Snort P Klana S ton H buri B haven R d»m Left CARGO 1 i tivcßPOOt
      1,532 words
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      Page 25 Advertisements Column 2
      1498 25 TO: EUROPE TO: FAR EAST SP IM ROM HAM B'HVN FIX SPORE HK MO ROB BU HANJIN LEHAVRE 007W 12/5 30/5 31/5 I* 4* 5* HANJIN OAKLAND 007E 14/5 17/5 11/5 21/5 24/5 HAN JIN FELIXSTOWE 002W 19/5 6* 7* 4,4 10* 11* CHOYANC SUCCESS 0»E 2«/5 31/5 1* 4*
      1,498 words
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      Page 25 Advertisements Column 3
      26 25 REGULAR SERVICE TO KARACHI S PORE LOADING FOR TBN 2375 KARACHI tea* Tinrrr icm nt.y. imnbkrtatdn go pro lid. Tat 22M8 Tfc RB ***** Fk 22MM
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      Page 25 Advertisements Column 4
      358 25 SINGAPORE CALCUnA I AND I SINGAPORE CHITTAGONG I CONVENTIONAL SERVICE I EASTERN CAR LINER LTD IS PLEASED TO I ANNOUNCE THE LAUNCHING OF OUR NEW I AND DEDICATED CONVENTIONAL SERVICE I TO CALCUTTA AND CHITTAGONG I M.V. ASIAN STAR V.No. 113 J ETA SPORE 13.6.90 I WE WELCOME YOOR ENQUIRY
      358 words
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      Page 26 Advertisements Column 1
      580 26 A Joint Europe Service Of: F.T. DJAKARTA LLOYD M. 6ISURI LLOYD F.T. BAMODIM INDONESIA P.T. TPtKOPA LLOYD CR NBR **********0-O EXPRESS SEMI-CONTAINERSHIP SERVICE r VUjVOY S PORE R DAM HBURG BREMEN ANTWERP ADAM BAAB UILAH/22W8 27-30/5 27/6 2/7 5/7 10/7 L.J. BONTANG/21WB 2t m 2S/7 29/7 1/1 2/» FAST TRANSIT
      580 words
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      Page 26 Advertisements Column 2
      671 26 fth HANJIN SHIPPING FULL CONTAINER SERVICE MANJIN LE HARVE M7W gSK &U«0« H 2£ HANJIN LE HARVE 00/W I u/J I J ,-L. CHOYANG SUCCESS OHI JS/5 H CMIIU ffclf W* itl sssstsszr a £1 i js_*sb« a z HANJIN OAKLAND 008* 2/6 20,6 21/6 22* Z4f6 n.b NB T/S
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      Page 26 Advertisements Column 3
      1327 26 T^THrlMifM hi SCP HKC KSC KLC PUS HUT OSK TTO BAI LHV AMU ROM FIX MBC SGP 9 rucD Clftto lIS In Pt 16/5 14/5 ll* 21* 23* W 22* 3/7 4/7 V K S ma cbeet u* is* as n* w w w EiS^^iftSraSaPWil fwfß GOLDEN 2175 22* 30/5
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      Page 27 Advertisements Column 1
      1591 27 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) 070rtllQ BOOKINGS/ENQUIRIES: UK/EUROPE SERVICE 2790 9 AUST/INDIA/PAK SERVICE *****18 M J USA SERVICE *****16 FAR EAST *****48 DOCUMENTATION" *****44/*****14 TERMINAL *****22 CFS: M 2 IMPORT: *****69/*****50 11 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L. *****33, P.Kelang-*****87, Penang-*****0, J.Bahru-*****3, *****4 EUROPE/ UK
      1,591 words
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      Page 27 Advertisements Column 2
      1097 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND vtsstis vot»c£ yore |ma»ila hkowc" wyaci spohi pklawc hbuhc rumor non »wm»p K GAVWILOV 1»W OME
      1,097 words
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      466 28 "IMPROVED TRANSIT TIMES TO SERVE YOU BETTER" WITH EFFECT FROM MV MEDITERRANEA VI I ETD SPORE 14TH MAY WE WILL OFFER I TACOMA 18 DAYS I PORTLAND 20 DAYS CHICAGO 22 DAYS I COLUMBUS 23 DAYS I NEW YORK 24 DAYS I LONG BEACH 20 DAYS OAKLAND 23 DAYS I
      466 words
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      Page 28 Advertisements Column 2
      764 28 11l r— ———~i f ~™l BOOKING CONTACT §§CMA IETD SIN 11 DAY} (1 DAY) MIDAY) MENA 11/05$) PORT KELANG I PENANG BANGKOK I JACQUELINE TWICE/WKLY I BOOMNG. contact f^ N |nnwc Kftwfi 1, KAOHSIUNC I KEtIUWf. I JOYCtfJUDY I—l TWICE/WKLY J M BOOKING CONTACT MANILA NAGOYA SERENE/SITI TWICE/WKLY IB ETD
      764 words
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      Page 28 Advertisements Column 3
      300 28 Continental Pacific Shipping J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR BYRON V SW SM SW SETE/RDHANT/FLU/UK ARBELA 10/S IVS 20/S SETE/ROM/ANT/FIU/UK Loads Sabah lndonejia MULTIPORT AGENCIES (S) ®PTE. LTD. TEL: *****77 FAX: *****31 PJC. MULTIFONT SON BHD TEL: 3K2M TLX: MA 3t77« MULTRA PNO SEA-CON
      300 words
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      Page 28 Advertisements Column 4
      638 28 m Ar/ci golden line VQrO\ GUAN GUAN SHIPPING (PTE) LTD a, TiM Apr Street SINGAPORE 0104 TEL~SJ«OI (It LINES) F«* *****04 (CR Ho MUJUMMW] STRAITS/PERSIAN GULF SERVICE: P. Ketone P«nM( GOLDEN BDUI CotantxVMrid>i/Out» 14/1* Hay «)LKN HMVUT Catambo/KMdH/Oub* 2W» CHINA StKVICE HA I FE.NC Banftot «/W M»» CASASLAHCA SERVICE A
      638 words
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      Page 29 Advertisements Column 1
      1585 29 aaasPff pacific international lines <pte) ltd I Jf Jfcp PIL Building, 140 Cecil Street #0300. Singapore 0106. I [BANGKOK VESSEL VOV SIN JKT SIN VESSEL VOY SIN BKK SIN DELTA MAS 154S 13/5 18/5 20/5 PCOASUS PROGRESS 919N 12/9 15/5 19/5 EDEN 9013 IS/5 IS/5 23/5 KOTA NASA 04N 14/5
      1,585 words
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      Page 29 Advertisements Column 2
      1113 29 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m JLm Fa*: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT j/IsSEL [VOY SPORE PKLANG"" SHAMPTON HAMBURG BHAVEN R'DAM LHAVRE Liverpool Bay* 98/555 9/5 11/5 29/5 31/5 2/6 Kasuga It 09/554 10/5 4/6 29/5 31/5 28/5
      1,113 words
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      Page 29 Advertisements Column 3
      271 29 M MYANMA: FIVE STAR LINE: (Myanmar National Line) Loading for Yangon (Rangoon) 4 S'pore P.Kelang Pen Bkok MERGUI V 99* 7/10 MAY U/15 Ma| OISCHG ONLY HPA-AN VI49W 9/U MAY PAGAN VIS6W 1507 MAY HTONEYWA V255W 14/15 MAY THE BANK LINE (A aervice of Andrew Weir Shipping) Vff SEMI-CONTAINER SERVICE
      271 words
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      Page 32 Advertisements Column 1
      735 32 I SERVICE r MEMBER OF EACOH SERVICE I TO UNITED KINGDOM NORTH CONTINENT EUROPE kuTBOUNO SIN FIX BRE ROM ANT HBC RST ■PANAMA SEN WFOI2 12/5 06* Mlt <*!i 0»(S »/t WENDA SN TM 1W W 1W AMERICAN SEN WFCU HIT 21 It Z2lt M Bit W* B CAOTEWOHL 4flO
      735 words
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      Page 32 Advertisements Column 2
      1295 32 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ panjang/cigading/bengkulu ukc coNvnmoNAL wivia Vessel P. KLG PNC Ft Loading tor VSL ETA ETD LOADING FOR r TONGCHUAN 30/3 Rott«ftlam(Antw«fp DELI INDAH 9.590 11 5.90 PK. BALAM YANCCHUAN 2W Rott.fdam/Ant»ffp NAGA JAYA 20 590 25.5.90 PANJANG CHINA rou COHTAWKm SBMYICT
      1,295 words
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      Page 32 Advertisements Column 3
      53 32 FCL/LCL/CONVENTIONAL SERVICE 12/5 Cantho, Vung, Tau, Hm City 15/5 Colombo, Karachi. Dubai 16/5 Madras, Calcutta, Chittagong 14/5 Bombay 10/5 Calcutta MV SUN BIRD/4310 DWT FREE KANDLA 20 May MV TBN/2500 DWT FREE SPORE 16 May MV TBN/3400 DWT FREE P KELANG 10 May MV TBN/2100 DWT FREE SPORE 2 May
      53 words
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      Page 32 Advertisements Column 4
      651 32 VcA I POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS 1 AFGHANISTAN I: Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, Mashad, Kushka I IRAN ~l: Djulfa, Astara ETD SINGAPORE 12/5, 17/5, 23/5, 28/5, 5/6 E EUROPE I :To all inland points: Poland, Bulgaria,
      651 words
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      Page 32 Advertisements Column 5
      543 32 ASEAN PORTS Ngow. Ivma twwr 1 WIWOM XWBM»^ MAHA BHUM OBW Wed In Pt Fri 11» j MEKHAWIK KURAKO OM Thur 10/5 Sun SIB I BHUM U6N fri 11/5 Hon 133 PIYA BHUM 224N Sat 12/5 Tin JIRA BHUM* Q7N Won 14/5 Thur MAHA BHUM WW W«d 16/5 Fri MtKHAWIK
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      Page 33 Advertisements Column 1
      1047 33 11 EXPRESS FEEDER SERVICE (Fully Containerised) VESSEL SIN CTG A VSL 16/5 22/5 A ySL 2275 28/5 (Conventional Service) ETA S'PORE LOADING FOR BANGLAR SWAPNA 20/5 CTG., MONGLA i «r I ETA S'PORE LOADING FOR MV ALKINDI 10/5 Ummqasr/Baghdad nJH EAST MALAYSIA SHIPPING ENT. (PTE) LTD 41-A AMOY STREET, S'PORE
      1,047 words
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      Page 33 Advertisements Column 2
      180 33 fSSTicnnE^BAßiNrAGßficiE^SrFr^Tff" '3a TEL: *****33 (12 Lines) Z=L FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) |jV\ ETHIOPIAN SHIPPING LINES y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEI I VOY ETA ItOAONG FOR SPORE ANOMET mm 14/06 OARESSALAAM. MOMBASA OJWOUTI ASSAB MASSAWA. HOOEIOAH ABYOT 21WB IS/06 QARESSALAAM MOMBASA DJIBOUTI
      180 words
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      Page 33 Advertisements Column 3
      609 33 tea.? T. MASKAPAI PELAYARAN WpuLAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWCE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S'PORE. INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING La CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SMOAPOUE INDONESIA SERVICt VSL VOY SIN JKT
      609 words
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      Page 33 Advertisements Column 4
      657 33 LLiin BAY OF BENGAL SERVICES MADRAS CALCUTTA YESStLS WT SIM MAA MM JORGEN VESTA <B*» 16/5 22/5 20/5 JORGEN VESTA 03N* 20/5 030 o^6 JORGEN VESTA MN« 00 150 210 JOffCEW VESTA PSMO 210 270 03/7 VESSELS VOY SIN CCU SIN SUPER EIGHT 03** 12/5 10/5 26/5 SUPER EIGHT 04N»
      657 words
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      Page 33 Advertisements Column 5
      370 33 TO AUSTRALIA/NEW ZEALAND Or W aji mH U» w TNT UfKCSS Ml MM 1W» V* W V Nuowai aji v to w up W nussa taw np m m lm 1m IS DATS TO MELBOURNE! TO USA/CANADA VS. Sap*w* N. OrioM Owrlertei Mi Mrriti«i7«r 15 i(i w m> 1v niT
      370 words
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      Page 34 Advertisements Column 1
      1221 34 MAC-NELS SINGAPORE! EXPORT TEL: *****22 IMPORT TIL: *****02 > TEL: (04) *****6 |K K TEL: (080) *****0 TAWAU TEL: (089) *****9 > KELANG TEL: (03) *****771 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 |£f\-/\ I'J BAHRU TEL: (07) *****2 I siBU TEL: (084) *****2 LABUAN TEL: (087) *****9 ;M
      1,221 words
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      Page 34 Advertisements Column 2
      419 34 ■j. 1a ;i ■r 1 1 k mvi; 11 j»j i BLUE STAR LINE l EP: SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH Si PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND. NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH. DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN
      419 words
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      Page 34 Advertisements Column 3
      1131 34 /SB) THONG SOON LINES PTE. LTD.! I 51 Bras 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 I SINGAPORE TO SABAH ium Iwt leti [kit ima m I eti kit KIM SOON LI 19/90E 12
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      Page 35 Advertisements Column 1
      772 35 COMPANIA PERUANA TOOI DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* 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 Jun "EVERETT ORIENT LINE"
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      Page 35 Advertisements Column 2
      651 35 West Co**t. C»rrlM)*»n,E*«t Canada, HAITI. Guatemala »nd Hondu VSL |S PORE hIAINLINER |LAX IKST [SAV [NYC HEX A VESSEL 12/5 ZIM CENOA )jt 11/6 lII* Bfi 2* LEEWARD 11/5 ZIM KEELUNC 11/ l 27/* W W Vj ZIM MELBOURNE 24/5 ZIM IBERIA 27/* 6/1 »P \W UP ZIM OSAKA 6/6
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      Page 35 Advertisements Column 3
      715 35 SING KWANG HANG I tiurwma a tramsmhitation (rri) ltd WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 9/S 12/S JENWEL 14/5 17/S I VESSEL S PORE BANGKOK A VESSEL 12/5 15/5 A VESSEL 15/5 18/5 DESTINATIONS ETA SINGAPORE PORT KELANG 11 MAY MANILA 11 MAY HONG KONG. ALL CHINA
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      Page 35 Advertisements Column 4
      507 35 PERINTIS LINE II| ACCEPTING ALL FCL CARGOES I BETWEEN SINGAPORE AND I JAKARTA SURABAYA I VESSEL VOY SINGAPORE JAKARTA SURABAYA I PRASETIA 91A IN PORT 12/5 I PELOPOR 941 12/5 15/5 I PRASETIA 93A 16/5 19/5 I PELOPOR 942 19/5 22/5 I TANTO UTAMA 75 12/5 15/5 K TANTO UTAMA
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      Page 35 Advertisements Column 5
      378 35 raw— SIN FM EAST *J 13/5 KEELUNG/KAOHSIUNG 13/5 BANGKOK U/5 MANILA 12/5 JAKARTA *..j 11/5 PORT KELANG/PENANG 10/5 busan 10/5 TOKYO/YOKO/KOBE 14/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ t Xiamen/Xingang/Shanghai 1 SIN EUMPE/UH 12/5 LDN/FLX/LVP/SOU I 14/5 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Mungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 11/5 L.A./NYC/SFO
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      Page 36 Advertisements Column 1
      467 36 transintra shipping (Singapore) private limited Cargo bookings Tel: *****88 (5 LINES) X SRBIJA 18-20 MAY LONG FOR BILBAO R'DAM BREMEN TBN INPORT HKG/TAIWAN (PROJECTS ONLY) ***** DWT TBN INPORT DIRECTION CONTINENT YICK HING EARLY JUNE HKG, KAO, TAICHUNG HEAVY LIFT VSI POSITIONS AVAILABLE FOR PROJECT CARGOES HORLDWK PLATOU PACIFIC ?t>
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      Page 36 Advertisements Column 2
      246 36 VSL DESTINATION ETA SIN MEKHANIK KURAKO 08N BANGKOK 10/5 SIRI BHUM 446N BANGKOK 11/5 PIYA BHUM 224N BANGKOK 12/5 •JIRA BHUM 07N BANGKOK 14/5 SO ORIENT 19R CEBU. MANILA 11/5 AKA BHUM 20S CEBU. MANILA l«/ 5 VE GA 13A KARACHI. 80MBAY 15/5 0 STRENGTH 23A KARACHI. BOMBAY 21tf KITI
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      Page 36 Advertisements Column 3
      291 36 iPbg ADKRIS BUSINESS pSi CORPORATION PHIUPPINE DIRECT REGULAR SERVICES TO MANILA BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT ALL HEAVY LIFT WELCOME M.V.'DAGOHOY' 06/90 25TH MAY MANILA/BISLIG TBN 12TH-15TH MAY BISLIG M.V.'DAGOHOY' 07/90 IST JUNE MANILA GENERAL ACT CALSOURCE SHIPPING TRADING PTE LTD. &3 ROBINSON *0, #05-01 AFRO
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      Page 36 Advertisements Column 4
      318 36 77&WS-L/A//C— KL: ALlieo+MK SINGAPORE: 04-*****2 09-*****55 778 6522(22 lines (SEES) Onfl *mn Mg/ChrMlna CMm AMm Y*o/Etfh*r Yao I 1' Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) WEEKLY CONTAINER FEEDER SERVICE VESSEL VOY S'PORE JAKARTA EDEN 9012 09/05 12/05 DELTA MAS 153N/154S 13/05 16/05 EDEN 9013 16/05 19/05
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      Page 36 Advertisements Column 5
      181 36 4 «rsr si I vessel sm ptl obm rby ALS STRENGTH VOY 12AW 29/05 09/06 14/06 19/06 ALS ENDEAVOUR VOY 14W 06/06 18/06 24/06 TBN VOY 15W 20/06 30/06 05/07 Accepting ECL' tor Johannesburg VESSEL RIY MN m MN KEI BUS ALS TRUST VOYOBE 26/04 05/05 10/05 21/05 30/06 04/06
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  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
      440 37 TIDES AND WEATHER TODAY'S TIDES (heidit in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0300 0900 *****100 1200 1300 1400 *****600 **********00 2000 2100 2200 2300 JR 2 7 22 1.7 1.1 0.7 OS 05 0 7 10 16 2.1 2.4 24 2.2 1.8 13 1.0 08
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      Page 38 Advertisements Column 1
      246 38 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 13-15/5/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN
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      Page 38 Advertisements Column 2
      302 38 MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKG SIN HYUNDAI EXPLORER 31E 11/05 17/05 04 06 0706 10/06 HYUNDAI CHALLENGER 32W 09-04 12/04 15/04 (OIK 10(05 HYUNDAI COMMANDER 17E 18/05 24/05 11/06 1406 17/06 HVU
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      Page 38 Advertisements Column 3
      418 38 Call *****58 or Fax *****82 SINGA PUMP SERVICES PTE LTD RENTAL AND SUPPPORT SERVICES Pi>T!ps Fenders Transfer Hoses Heaters Tar* Clean.rg Eq-* P t EMERGENCY RESPONSE SERVICES FOR TACKLING ANY LIQUID CARGO PROBLEM Hgh Transfer Pumping Re bea!rg Cleaning EXPORTTO: UK/CONTINENT ITRIOI iv 'wisr iTT isS=*-"MHIH KKMCXmSS its Vfi *M
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