The Business Times, 16 May 1990

Microfilm: NL17018
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 170/12/89 Wednesday May 16 1990 75*
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  • NEWS SUMMARY
    • Article
      Bonn proposes combined German elections
      64 1 THE COALITION government of West German Chancellor Helmut Kohl yesterday said that it will propose combined German elections either in December or January. Government sources in Bonn said the government would propose scrapping West German general elections scheduled for Dec 2 and replacing them with
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    • Article
      Shift in office space
      33 1 SHARP RISES in office rents are forcing government agencies to cut back on their office space in prime buildings and relocate less critical operations to peripheral areas Page 2
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    • Article
      Edge in automation
      23 1 AUTOMATION can save plastics manufacturers 2.4 workers each, a rate double that of the metals and garment sectors Page 2
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    • Article
      Growth for garments
      25 1 THE MALAYSIAN textile and apparel industry is expected to chalk up a continued annual growth of about 20 per cent Page 8
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    • Article
      Imbalance in links
      21 1 AN INDONESIAN economist feels that there is an increasingly unequal interdependence between Japan and his country Page 8
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    • Article
      Plan for public works
      22 1 JAPAN is considering spending about US$2.6l trillion on public works projects over the next 10 years Page 9
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    • Article
      Loans for E Bloc
      31 1 THE EMERGING democracies of Eastern Europe will need up to US$25 billion in external finance over the next two-and-a-half years, a European Commissioner has warned Page 10
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    • Article
      NYK's new forte
      30 1 NON-SHIPPING activities, such as warehousing and freight forwarding, are expected to eventually account for 45 per cent of Nippon Yusen Kaisha's annual income. Shipping Times Page I
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  • MARKETS SUMMARY
    • Article
      Dow Jones lower
      52 1 WALL STREET stocks were down slightly in early trading yesterday after reaching new heights on Monday. The Dow Jones index declined 6.25 v points in the first half hour of trading but then regained lost ground to show only a 0.23point loss at 2,821.30 one hour into
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    • Article
      Footsie lower
      38 1 LONDON SHARES were little changed at midday yesterday as dealers consolidated the gains made on Monday. At about 12.15 pm (1115 GMT), the FT-SE 100-share index was down 0.6 points, or 0.002 per cent, at 2,213.9.
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    • Article
      UEM offers new issues
      32 1 UNITED ENGINEERS (M) Bhd has announced a share split to halve the par value of its shares, a one-for-two bonus issue and a one-for-two rights issue Page 3
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    • Article
      Foothills project
      23 1 IGB CORP has proposed a multi-million-dollar project to develop the foothills of Ipoh's limestone region into a tourist attraction Page 3
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    • Article
      Hock Lock Siew
      16 1 HOCK LOCK SIEW considers the latest twist in the UICSingland saga Page 3
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    • Article
      Reinsurer sets up base
      26 1 A LEADING French reinsurer has set up a branch in the Republic to tap the regional reinsurance business in Singapore Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesday Change BT-MGA 776.08 -2.20 Kuala Lumpur ....559.74 -3.09 Hongkong 2,965.09 -11.35 Tokyo 31.997.04 -45.61 Sydney 1,508.5 -8.3 Monday Change New York 2,821.53 +19.96 London 2,214.5 +38.6
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    • Article
      CURRENCIES
      23 1 Exchange rates USS s$ 1.8490 Yen (100) SSI .2217 M$ SS0.6866 Money market rates Overnight 5 1/2 -3/8 3-month 7 7/8% +11/16
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    • Article
      COMMODITIES
      26 1 London Gold PM fix US$367.75 -1.25 Rubber S'poreJune. 158.50 Vkg -0.50 M'sia June 228.50*/kg -0.50 KL Tin Turnover 40 tonnes -61 Spot M$ 17.17/kg unch
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  • Article, Illustration
    BASF working to raise profile in Asia-Pacific
    446 1  -  By Genevieve Cua BASF, the second biggest chemicals company in the world, is out to increase its presence in the Asia-Pacific region. Not even the tremendous opportunities now opening up in East Germany can deter this West German giant from its Asian ventures.
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  • Article
    S'pore set to become centre for BASF
    207 1 SINGAPORE is shaping up as a major hub for West German chemicals giant BASF, which is looking into investing up to 100 million marks to build a regional technical and training centre here. BASF started studying the feasibility of such a project shortly
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  • Article
    Lock icon KL insider trading report due next week
    357 1 Bernama MALAYSIAN FINANCE Minister Datuk Daim Zainuddin said yesterday he expected to receive next week a report on investigations by the Registrar of Companies into insider trading in the stock market. Speaking to newsmen after attending a luncheon organised by the Federation of
    Bernama  -  357 words
  • Article, Illustration
    PM arrives in Turkey on first leg of tour
    200 1  -  From Margaret Thomas in ANKARA THE Prime Minister arrived in Turkey yesterday morning on the first leg of a threeweek trip that will see him also visiting France, the UK, and Germany. Greeted at Ankara Esenboga Airport by the Turkish Prime
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  • Article
    US chemicals giant buys into S'pore plastics additives factory
    435 1  -  By Lilian Ang IN A trend-setting move, American chemicals giant Rohm and Haas (R&H) has gained a backdoor entry to Asia's booming petrochemicals market by buying into a Singapore plastics additives factory. Last month it bought a 25 per cent stake
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  • Article
    Lock icon Contenders rival Sime for Elders stake
    137 1 Reuter THREE or four parties are in more advanced negotiations than Malaysian conglomerate Sime Darby over the purchase of Elders IXL Ltd's 43 per cent stake in Elders Resources NZFP Ltd, says Elders Resources chief executive Geoff Lord. Elders IXL has said that it
    Reuter  -  137 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      296 1 High fashionfabrics from holy Available at all leading ECONOMIC MIRACLE LOSES GLOSS 11 BUSH NO MORE MR NICE GUY 12 NEW HEIGHTS OF COOPERATION 13 Aircraft Schedule 27 Money Market 25 World Stock Markets 24 Commodities 26 Regional News 8 Cryptic Crossword 27 Regional Stock Markets 23 Financial News 6
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      Page 1 Advertisements Column 2
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Plaza Hotel splurges $20m on new look
        76 2 PLAZA HOTEL, part of the soon-to-be-listed Hotel Plaza group, will have spent almost $20 million on renovations by the end of the year. The Beach Road hotel's three-year revamp programme, which started in 1988, includes a $1 million upgrading of penthouse rooms now
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      • Article
        Bring out the umbrellas
        96 2 WIDESPREAD rain and strong, gusty winds are expected in the pre-dawn hours and the early morning on three to four days over the next fortnight as the dry spell in Singapore eases and south-west monsoon conditions set in. The Meteorological Service said yesterday that scattered showers
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      • Article
        Korean trade team coming
        68 2 TENNIS racket strings, thermal insulators and stuffed toys are just some of the products to be promoted by a Korean sales mission next month. Representatives from 10 Korean companies, will tour South-east Asia on a sales mission organised by the Korean Trade Promotion Corporation. Singapore businessmen
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      • Article
        ITs impact
        73 2 INFORMATION Technology and its impact on the lives of ordinary people in the future will be the highlight of the Information Technology pavilion one of 11 pavilions at the Singapore 2000 Global Technopolis exhibition. Aptly entitled the IT Advantage, the pavilion will offer a glimpse of NEC Corporation's
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      • Article
        Solomon due for visit today
        57 2 AMERICAN Assistant Secretary of State for East Asia and Pacific Affairs, Dr Richard Solomon, will visit Singapore today for a two-day visit during a swing through East Asia. Dr Solomon will meet senior Singapore government officials to discuss regional security, economic and political issues of
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      • Article
        Chok Tong pays last respects
        31 2 FIRST Deputy Prime Minister Goh Chok Tong last night paid his last respects to the late Kenneth Michael Byrne, former Minister for Labour, Health and Law.
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    • Article
      Govt agencies fan out to less expensive offices
      463 2  -  By Lilian Ang SHARP INCREASES in rent have resulted in more government agencies cutting back office space in the Central Business District by relocating less critical functions to peripheral areas. Two recent cases involve the Ministry of Trade and Industry (MTI) and
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    • Article
      Automation can help 100 firms save 81 workers for a start
      291 2  -  By Suzanne Soh PLASTICS manufacturers can expect initial labour savings of 2.4 workers per company through automation a rate that is double that of companies in the metals and garment sectors. This was disclosed in a survey by the
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    • Article
      Retailers should not have to bear cost of upgrading: association
      287 2  -  By Yong Pow Ang UPGRADING of shops should be carried out without imposing a financial burden on retailers, says the Federation of Merchants' Association. The association, which represents 6,000 shopkeepers in housing estates and shopping centres, made that remark in
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    • Article, Illustration
      Sibex to be an annual event from this year
      340 2 PROMPTED by the growth of Asean's building and construction industry, the organiser of the biennial South East Asian International Building Exposition (Sibex) will turn it into an annual event starting this year. Cahners Exposition Group (S) Pte Ltd (CEG) said recent
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      Page 2 Advertisements Column 2
      244 2 I It's the biggest catch at lunchtime. And it happens eveiyday at K V (djji bIW Jack's Seafood Garden. i# W yVly Choose from over 35 f pfl dishes. Prepared with the I j f freshest of ingredients. In -S !f! many different styles. ATw Sauteed Prawns with Chillies—sl2 Stewed
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Lock icon UEM proposes bonus, rights issues
      484 3 Bernama UNITED ENGINEERS (M) Bhd (UEM) has announced a share split to halve the par value of its shares, a one-for-two bonus issue and a one-for-two rights issue. Bumiputra Merchant Bankers Bhd (BMBB) said in a statement on behalf of UEM that the proposed share
      Bernama  -  484 words
    • Article
      Aussie deal: Ipoh Garden shortlisted
      434 3  -  From Florence Chong in SYDNEY IPOH GARDEN (Australia) Ltd has moved closer to winning a contract to develop the largest commercial complex in Parramatta, a bustling regional centre some 20 km west of Sydney. IGA is one of two companies on the shortlist. The other
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    • Article, Illustration
      SSL appoints ex-banker as adviser
      223 3 FORMER BANKER Lim Yong Wah has been appointed corporate adviser to Straits Steamship Land Ltd, a member of the Keppel stable of companies. He has also been made a board member of the company as from last Saturday. Mr Lim, 48, who resigned as executive
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    • Article, Illustration
      Lock icon IGB Corp plans major tourism project in Ipoh
      290 3 NST IGB CORPORATION BHD has proposed a billion-ringgit project which involves developing the foothills of the limestone region in Ipoh into a tourist attraction. The project, said to be the boldest and most ambitious by IGB Corp, is also expected to provide
      NST  -  290 words
    • Article
      Takeover battle that never was
      488 3  -  THE HOCK LOCK SIEW COLUMN By Elaine Koh ALL TALK OF white knights and cards up the sleeve of the wily corporate warrior S P Tao has faded away, with his latest about-turn a clear admission of defeat in the Singland-UIC takeover gaDespite playing the
      488 words
    • Article
      Apollo plans to raise $62m with rights issue
      340 3  -  By Magdalene Ng APOLLO ENTERPRISES, which has been in the red in the past seven years, is expected to turn around in the current financial year due to the favourable business climate and the benefits of funds from its rights issue. Apollo
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    • COMPANY BRIEFS
      • Article
        KIO reduces stake in Inchcape
        46 3 KUWAIT Investment Office has sold a total of 3 million shares in Inchcape Bhd for $15.85 million or an average of,. $5.28 per share. Following the sale, KIO still holds 5.2 million Inchcape shares representing 3.2 per cent of its capital.
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      • Article
        Mycom issue oversubscribed
        49 3 MYCOM BHD says its one-for-one rights issue has been- oversubscribed by 1,032,214 shares. A Mycom statement, said applications were received for 12,261,870 shares, oc? 98.1 per cent of the 12.5 million shares available, and excess share applications were received for 12,270,344 shares against the 238,130 available.
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      • Article
        Sanwin NTA at M$1.37 a share
        40 3 KAMUNTING CORP Bhd says its proposed acquisition target, Sanwin Sports (KL) Sdn Bhd, had net tangible assets of M 51.37 per share based on its unaudited accounts for the. year ended March 31, 1990.
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      • Article
        Maybank share listing
        34 3 MALAYAN Banking Bhd's additional i 6,500 shares, issued under an employee share option scheme, will be listed on the Kuala Lumpur Stock Exchange from Thursday, the Kuala Lumpur Stock Exchange said.
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      • Article
        Vincent Tan raises stake
        53 3 INTER-PACIFIC Industrial Group Bhd's chief executive* officer Datuk Vincent Tan Chee Yioun has added another 3.3 million shares to his shareholding in the diversified' group. He said that he now holds 77,755,250 shares in'-Inter-Pacific. Datuk Tan said he purchased the additional shares on the open market
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      • Article
        Berjaya reduces stake
        41 3 BERJAYA CORP (M) Bhd says it is no longer a substantial shareholder in Far East Asset Bhd. Beijaya said that it disposed of 4.518 million shares in FEA through a stock* broker between April 30 and May 11.
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      • Article
        Duff to gain from Emtex
        70 3 DUFF Bhd said it will benefit from its investment in Emtex Corporation Bhd in view of their similar areas of activities; particularly plantations and property development. Replying to a KLSE query, Duff said the acquisition would not have any material effect on its net tangible
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      • Article
        MISC in warehouse venture
        75 3 MALAYSIAN International Shipping Corporation (MISC) said it has reached an understanding with one of the companies in Singapore's Keppel Group on a joint-venture warehouse project. Replying to a query from the KLSE, it added that a joint-venture company had been formed and a suitable area had
        75 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      402 3 GOOD IDEAS KEEP COMING UP Buy any of these. PC-4641 JX-9500 Compact Laser Printer QA-50 Professional Computer Large Supertwist LCD with EL backlighting Emulates HP LaserJet Series 11. Protection Panel (640 x 400 pixels) Epson FX-80. IBM Graphics Pnnter eaSy to up and 40 MB hard disk/3.5" 720 KB floppy
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Strike at Hyundai Motor
        144 4 MORE THAN 27,000 union workers at Hyundai Motor Co went on strike yesterday, halting production at South Korea's largest car plant, located 320 km southeast of Seoul in the port city of Ulsan. Both union and company officials, reached by telephone, said about 22,800 workers on
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      • Article
        NKK to upgrade facilities
        91 4 NKK Corp will spend 30 billion yen to improve production facilities for seamless steel pipes at its plant in Kawasaki, near Tokyo, a company spokesman said. The upgrading has already started and is expected to be completed in 1993, he said. The factory is currently operating
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      • Article
        Nintendo expects 62b yen profit
        107 4 COMPUTER-GAME maker Nintendo Co Ltd expects group net profit of 62 billion yen in the year ending March 31, 1991, the company said. It posted net profit of 32.93 billion yen in the seven months ended March 31, 1990. The company has changed its financial
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    • Article
      Lock icon Benguet blames fall in profit on lower output
      212 4 Reuter BENGUET Corp, the Philippines' biggest gold producer, has blamed lower production and higher costs for a 59 per cent fall in first quarter net profit. The company also blamed the profit fall on the suspension of operations at its Antamok open-pit
      Reuter  -  212 words
    • Article, Illustration
      Lock icon KL brokers to submit formula on capital needs
      373 4 NST THE MALAYSIAN Stockbrokers Association is expected to submit to Finance Minister Datuk Paduka Daim Zainuddin this week a formula that best reflects the individual capital needs of broking firms. It is understood that the formula, drawn up by a merchant bank
      NST  -  373 words
    • Article
      Lock icon Daim warns listed companies not to inject assets at inflated prices
      263 4 Bernama MALAYSIAN Finance Minister Datuk Daim Zainuddin has warned listed companies not to take advantage of the current property boom to injecting low-value property assets at inflated prices. Such a practice would be detrimental to the companies in the
      Bernama  -  263 words
    • Article
      Premier group ties up with Burmese to search for oil
      287 4  -  By Sangeeta Mulchand PREMIER Consolidated Oil, parent company of Premier Oil Pacific in Singapore, has entered into an agreement with a national Myanmar oil company to conduct oil exploration on two offshore blocks. According to the contract signed with Myanmar
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    • Article
      Lock icon Mechmar Corp expects M$3.6m group profit
      227 4 Bernama MECHMAR Corp (Malaysia) Bhd has forecast a group pretax profit of M 53.60 million for the year ending Dec 31, 1990, with a prospective gross price-earnings per share of 10.8 sen. In a circular to shareholders on its proposed rights issue, the company
      Bernama  -  227 words
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Philips faces shakeup as chairman resigns
      431 5 Reuter DUTCH electronics group Philips is headed for a major restructuring following the appointment of Jan Timmer as its new chairman to replace incumbent Cor van der Klugt who is stepping down a year ahead of his planned retirement date. He thus became the
      Reuter  -  431 words
    • Article
      Lock icon ServiceMaster expects double-digit growth
      328 5 Reuter SERVICEMASTER, an international management and consumer service company with 1989 operating revenue of US$1.6 billion, is expecting revenue and operating income to grow 10 to 12 per cent in 1990. "We anticipate doubledigit growth in 1990," said C William Pollard, ServiceMaster president and chief executive.
      Reuter  -  328 words
    • COMPANY BRIEFS
      • Article
        Outokumpu to buy US firm
        89 5 FINNISH MINING and metals group Outokumpu Oy has agreed to buy US engineering construction company H-R International for an unspecified sum from MMR Holding Corp, Outokumpu Engineering said. H-R International, which serves the chemical and industrial process sector, will become part of Outokumpu Engineering, a
        89 words
      • Article
        B&C presents rescue plan
        99 5 BRITISH and Commonwealth Holdings pic has started presenting a rescue plan to its bank creditors, a company spokeswoman said. "We hope to have a response by the end of the week,~ she said. She declined to comment on a report in the Independent on Sunday newspaper,
        99 words
      • Article
        ICI completes deal
        92 5 IMPERIAL Chemical Industries pic said it has completed the acquisition of Atlas Powder Co, a wholly-owned subsidiary of Tyler Corp, for US$l93 million. An ICI statement said the price paid included the assumption of $64.5 million in debt, the issue of 6.69 million shares and the setting
        92 words
      • Article
        Fletcher signs Alberta accord
        68 5 PETROCORP, the oil and gas exploration arm of New Zealand's Fletcher Challenge Ltd, said it had concluded an agreement and received regulatory approval to acquire interests in the Canadian province of Alberta. Petrocorp managing director Bill Falconer said the acquisitions were valued at more than Csl2s
        68 words
    • Article
      Lock icon Daimler makes profit forecast
      146 5 Reuter ANNUAL turnover from the Daimler-Benz AG group is expected to top 100 billion marks by 1995, managing board chairman Edzard Reuter said yesterday. In the 1989 annual report, Mr Reuter said it should become clear by 1995 that the current drain on profits were investments
      Reuter  -  146 words
    • Article, Illustration
      Lock icon Marks and Spencer profit bucks UK trend
      379 5 Reuter FOOD AND CLOTHING stores group Marks and Spencer pic has defied a declining UK retail sector to produce healthy results while its High Street neighbours struggle to make a profit. "They've turned in a respectable performance in one of the most difficult
      Reuter  -  379 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      292 5 -"X, "The Day I Made $700,000 For The Company And Still Lost Money i. IM y b T. #1 M fl '-&fc 11 n today's business world, we know that it takes personal cash flow to tide between reimbursements jft| 11 money to make money. Which is why your can
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        NatWest doubles stake in Netherlands bank
        63 6 NATIONAL Westminster Bank has doubled its stake in the Netherla ds bank F Van Lanschot Bankiers (FVL) to 80 per cent under an agreement reached with Rabobank Nederland. Nat West said it acquired 40 per cent stake Rabobank held in FVL through the holding
        63 words
      • Article
        Barclays paper
        61 6 BARCLAYS Bank pic said that, effective June 1, it will issue commercial paper in the United States via a new, wholly owned unit, Barclays US Funding Corp. The overall programme authorisation is US$6 billion. Guaranteed by the bank, the paper has received an A-1-plus rating from Standard and
        61 words
      • Article
        Bid to collect Argentinian debt
        87 6 COMMERCIAL banks that have the biggest stakes in Argentina's US$4O billion bank debt will meet in New York today to map out a strategy to bring Argentina back to the bargaining table for debt talks, bankers said. The problem, they say, is not luring Argentina
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      • Article
        Lithuania sets 500-ruble limit
        78 6 LITHUANIAN authorities have set a 500-ruble limit per person on withdrawals from savings accounts after Lithuanians, faced with a Moscow-imposed economic blockade, took out almost all their savings, according to a senior Soviet bank official. "Last month deposits in savings banks ran at 142 million rubles
        78 words
      • Article
        Cardholders on the rise
        75 6 THE increasing number of medium income earners owning credit cards is paving the way towards a truly cashless society in Malaysia, MBf Card Services Sdn Bhd chief operating officer Mr JS Choo said on Monday. There was a potential market of more than a million cardholders
        75 words
      • Article
        Lawsuits against car insurers
        54 6 PENNSYLVANIA governor Robert P Casey said he filed a lawsuit against seven of the state's top 10 car insurance carriers, alleging the seven firms tried to stymie the implementation of the state's new motorcar insurance law by not filing lower rates as required by the Auto
        54 words
    • Article
      Lock icon Greenspan warns against protecting US banks
      318 6 AP CLOSING the United States to competition from foreign banks would be ineffective and would prompt retaliation against US banks, Federal Reserve Chairman Alan Greenspan told a congressional panel on Monday. US banks need reduced regulation, not protection from overseas financial institutions, to compete
      AP  -  318 words
    • Article
      Seminar on the latest in technical analysis
      150 6 FINANCIAL information group, Telerate, will hold a seminar next month on the latest development in technical analysis. The annual seminar, Telerate/Computrac Technical Analysis Group (TAG), to be held at Pan Pacific Hotel on June 11 and 12, is targeted at financial traders, analysts
      150 words
    • Article, Illustration
      French reinsurer sets up Singapore subsidiary
      294 6  -  By Quak Hiang Whai LEADING FRENCH reinsurer Societe Commerciale de Reassurance (SCOR) has set up a subsidiary in Singapore to tap the reinsurance markets in Singapore, Malaysia, Indonesia and Brunei. The new unit, SCOR Reinsurance Far East, is a result of a merger between
      294 words
    • Article
      Lock icon Fed likely to keep rates intact, say economists
      162 6 AP FEDERAL RESERVE policymakers are likely to vote to leave interest rate policy unchanged, said many economists who less than two weeks ago believed the US central bank was poised to push rates higher. Analysts said the most recent economic figures point
      AP  -  162 words
    • Article
      Lock icon Washington to pressure Tokyo on financial deregulation
      365 6 Reuter SMOULDERING US displeasure with the slow pace of financial market deregulation in Japan could flare up when officials of the two governments meet in Tokyo for talks next week. Foreign banks and securities firms remain unsatisfied with Japan's progress in opening its
      Reuter  -  365 words
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      Page 6 Advertisements Column 1
      330 6 Dollar$ Non$en$e t i~ <$•'. Ij 11 V \1j ip|| Ij \ji. i| 0&i ii i §P ii K 1— W BpP I 1 mfftBL "I'd like to talk to the warden about rescheduling my debt to society." THE ONG GROUP OF COMPANIES, 1 a diversified financial services group with
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      Page 6 Advertisements Column 2
      200 6 Banking, Finance 8c 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
      200 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      202 7 I f JLV ~-f j^B EXIT OBSOLESCENCE. ENTER THE ALR VEISA SERIES. I POWER $pi and Your chance to invest in the only high-end series that will remain state-of- >* I I the-art for yeers to cornel I I I V VEISA is Versetility, Expandability, Scalability and Architecture. It's a
      202 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Malaysia's CPI up 2.2pc in first quarter
        109 8 MALAYSIA'S consumer price index (CPI) rose by 2.2 per cent in the first quarter of this year compared with the same period last year. The statistics department in Kuala Lumpur said yesterday that except for gross rent and fuel and power, foe which
        109 words
      • Article
        Manpower planning
        103 8 THE United Nations Development Programme (UNDP) will be making recommendations to the Malaysian government on taman resources development for the Sixth Malaysia Plan. UNDP and the Human Resources Ministry are preparing a working paper entitled Human resources development planning project for the purpose, said Gus Edgren, the director
        103 words
      • Article
        Promoting Sarawak
        61 8 SARAWAK has lined up several tourism promotional programmes in conjunction with the third Sukan Malaysia (Sukma) to be staged in the state in July. Sukma operations director Haji Mohamad Taha Ariffin said yesterday that a cultural festival featuring traditional games and local cuisine will be launched a few
        61 words
      • Article
        Kuwait, Brunei establish ties
        42 8 THE Gulf state of Kuwait and the Sultanate of Brunei established diplomatic relations at ambassadorial level on Monday, the Kuwaiti Foreign Ministry announced. Both countries are members of the Organisation of the Islamic Conference, currently chaired by Kuwait.
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      • Article
        Drug legislation in Thailand
        134 8 THAILAND'S House of Representatives is to debate this week crucial narcotics legislation empowering the authorities to seize assets of drug traffickers and punish drug conspirators. Parliamentary officials in Bangkok said on Monday that the bill was experted to be debated as an urgent item. A high-ranking
        134 words
    • Article
      Lock icon Pressure on M'sian firms to adopt flexi-wage
      349 8 MBT SHEER market pressure in Malaysia will eventually force some companies and industries to introduce the flexiwage system although the government has yet to push for wage reform. Hay Management Consultant managing director Abdul Farouk Ahmed says that la-bour-intensive sectors such as electronics,
      MBT  -  349 words
    • Article
      Lock icon Malaysian textile industry strong
      424 8 MBT THE MALAYSIAN textile and apparel industry is expected to record a continued annual growth of about 20 per cent and the industry should be able to earn about Mslo billion in foreign exchange by 1995. Overseas demand will remain good and, barring any unforeseen economic
      MBT  -  424 words
    • Article
      Lock icon Indonesian economist notes lopsided ties with Japan
      315 8 Jakarta Post INDONESIAN economist Djisman Simandjuntak says he observes an increasingly unequal inter-dependence between Japan and Indonesia resulting from Japan's rise as an economic superpower. Japan's status as an economic superpower requires it to think within the framework of a global strategy, said
      Jakarta Post  -  315 words
    • Article, Illustration
      Lock icon US willing to discuss commercial use for bases in Philippines
      504 8 AFP THE United States is prepared to discuss reported Philippine suggestions for modifying the status of US military bases in the country, including commercial use of the facilities, the US Defence Department in Washington said on Monday. As talks on
      AFP  -  504 words
    • Article, Illustration
      Lock icon Sihanouk a spoilt child, says cousin
      298 8 AFP CAMBODIAN resistance leader Prince Norodom Sihanouk is a "spoilt child" who may find his people have forgotten him if he waits too long before forging peace with the government, his cousin said in Phnom Penh on Monday. "Sihanouk, always he changes. I know
      AFP  -  298 words
    • Article
      Lock icon Governors can endorse presidential candidates
      233 8 AFP INDONESIAN Home Affairs Minister Rudini has given the green light for the country's 27 provincial governors to endorse presidential candidates. The leading newspaper Kompas yesterday quoted Mr Rudini as saying that a governor could do so only if a candidate was already chosen by
      AFP  -  233 words
    • Article
      Lock icon Jakarta to leave choice of European gateway to exporters
      282 8 AP THE government would not decide on any single gateway for Indonesia's exports to Europe, although there have been many offers. Trade Minister Arifin Siregar said after a meeting with his Belgian counterpart, Robert Urbain, yesterday that countries such as Belgium,
      AP  -  282 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      244 8 mended for is the start to a good those suffering bad day. Even as far back 11 JH|| H backs and a host of as 3 000 years ago, other health problems. recognized the value Besides soothing sore of comfortable sleep. muscles relieving They rested on f CJwj tension, waterbeds
      244 words
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      Page 8 Advertisements Column 2
      13 8 Leader Pg 12 IS YOUR COMPUTERIZATION TAKING YOU TO THE LIMITS OF PRODUCTIVITY?
      13 words
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  • THE WORLD 1
    • Article
      Lock icon Tokyo plans sharp rise in public works spending
      340 9 Agencies JAPAN is considering spending about 400 trillion yen (US$2.6l trillion) on public works projects over the next 10 years, up 50 per cent from the amount spent in the past, decade, government sources said. The United States has been pressing Japan
      Agencies  -  340 words
    • Article, Illustration
      Lock icon Japan seeks closer ties with UAE
      184 9 AFP UNITED ARAB Emirates (UAE) President Zayed bin Sultan al-Nahayan was told by Japan's Emperor Akihito and business leaders on Monday that their two countries could further cement ties through trade. Sheikh Zayed, who arrived in Tokyo last Sunday for a four-day official visit,
      AFP  -  184 words
    • Article
      Lock icon US March inventories steady amid increasing sales
      366 9 AP AMERICAN businesses held inventories steady while increasing sales in March, the government said on Monday. Analysts said the report indicated little threat of production cutbacks or loss of jobs. "What it (the report) means is that producers are looking very realistically at
      AP  -  366 words
    • Article
      Lock icon Seoul thinks its problems are economic, not political
      356 9 AFP LAST WEEK's throngs of protesters in South Korea received support from citizens troubled by rising prices, but the government and independent observers say the majority does not support calls for President Roh Tae-Woo's ouster. Seen from the outside, the huge demonstrations
      AFP  -  356 words
    • Article
      Lock icon ANC to discuss defence with Pretoria
      156 9 AFP TOP South African military officials, academics and politicians are to meet African National Congress officials at a landmark conference in Lusaka later this month aimed at thrashing out the future of security and defence arrangements in South Africa. The regional director of the
      AFP  -  156 words
    • Article
      Lock icon Company formed to train Japanese astronauts
      262 9 AFP SIXTY-TWO firms have joined to back a new company in Tokyo that will recruit and train Japanese astronauts to staff an international space station. The Japan Manned Space Systems Corp, which was officially opened on Monday with an initial capital of 445 million
      AFP  -  262 words
    • Article
      Lock icon White House braces for protracted budget talks
      410 9 Reuter US PRESIDENT George Bush and congressional leaders have made final preparations for a budget summit aimed at bringing the soaring federal deficit under control and the White House warned that the talks would take "weeks if not months" to complete. "1 look
      Reuter  -  410 words
    • Article
      Lock icon Washington adamant about drastic farm policy reform
      314 9 Reuter THE US still wants a radical overhaul of farm policies at world trade talks, including elimination of agricultural export subsidies. US Agriculture Secretary Clayton Yeutter said on Monday that some Western Europeans mistakenly believed Washington had softened its position and would settle
      Reuter  -  314 words
    • WORLD WATCH
      • Article
        Italy, Switzerland back closer ties with EC
        92 10 ITALIAN AND SWISS government leaders have pledged support for efforts to draw the six-nation European Free Trade Association (Efta) closer to the 12-strong European Community (EC). Italian Prime Minister Giulio Andreotti said in Berne on Monday that current interest in East Bloc developments
        92 words
      • Article
        Multi-party polls in Mongolia
        68 10 MONGOLIA'S first multi-party elections are to be held on July 29. The East German news agency, ADN, said on Monday that Mongolians would go to the polls to select new hurals, or parliaments, at local, regional and national levels. The Great People's Hural last Friday adopted
        68 words
      • Article
        Fall in EC jobless rate
        77 10 UNEMPLOYMENT in the European Community averaged 8.5 per cent of the workforce in March, a fall of 0.1 of a percentage point over February, the ECs official statistics agency Eurostat reported on Monday. "During the first three months of 1990, the unemployment rate in the
        77 words
      • Article
        More immigrants for Pretoria
        63 10 SOUTH AFRICA'S white minority government has said that it is attracting more immigrants and tourists because of its reformist policies. Home Affairs Minister Gene Louw told Parliament on Monday that immigration in the first three months of this year was up by half on the same
        63 words
      • Article
        Algeria to investigate graft
        88 10 THE ALGERIAN PARLIAMENT is setting up a committee of inquiry to investigate allegations by former premier Abdelhamid Brahimi that US$26 billion in bribes changed hands over a 20-year period in dealings with foreign companies. Mr Brahimi was prime minister for four years until street violence forced
        88 words
      • Article
        Romanian economy worsens
        82 10 ROMANIA'S economy plunged further into disarray last month, with industrial output, investment, labour productivity and exports all sharply down on a year ago. Figures from the Romanian National Commission of Statistics shows that following the overthrow last December of dictator Nicolae Ceausescu, who had systematically denied his
        82 words
    • Article
      Lock icon Moscow said to have won Gatt observer status
      288 10 AFP MEMBERS of the General Agreement on Tariffs and Trade (Gatt) members have agreed to grant observer status to the Soviet Union, say sources in Geneva. The decision would be formally ratified at a meeting of the Gatt Council today, they said.
      AFP  -  288 words
    • Article
      Lock icon E Europe needs US$25b for economic reforms: EC official
      456 10 AFP THE EMERGING democracies of Eastern Europe will need up to US$25 billion in external finance over the next two-and-a-half years in order to sustain their economic reforms, a European Commissioner warned on Monday. It is "not unreasonable" to assume they
      AFP  -  456 words
    • Article
      Lock icon Gorbachev hits out at Latvia and Estonia
      419 10 Reuter SOVIET PRESIDENT Mikhail Gorbachev, on the eve of a visit by US Secretary of State James Baker yesterday to pave the way for a superpower summit, declared that independence moves by both Latvia and Estonia were illegal. Mr Gorbachev slammed steps by
      Reuter  -  419 words
    • Article
      Lock icon Break-up of Warsaw Pact may hurt arms talks with Nato
      267 10 AFP TALKS to slash conventional armament in Europe could be seriously endangered if the Warsaw Pact breaks up, say diplomats at Nato's headquarters in Brussels. They were reacting on Monday to comments by East German Defence Minister Rainer Eppelmann. who
      AFP  -  267 words
    • Article, Illustration
      Lock icon Ministers of two Germanys fail to agree on economy
      509 10 Reuter SIGNS OF STRAIN and disillusion are now emerging over the drive to merge the disparate economies of East and West Germany as the prelude to forming a united Germany. The soured mood was underlined when West German Finance Minister Theo
      Reuter  -  509 words
    • Article
      Lock icon Confederation urges an old way to renew E German industry
      276 10 Reuter WEST GERMANY'S powerful Confederation of Industry (BDI) wants to rebuild East German industry using techniques borrowed from British occupation forces after World War 11. The BDI believes that East German industry shares many of the problems that the huge
      Reuter  -  276 words
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      631 10 A OIL&MONEY (J ASIA THE PACIFIC SINGAPORE, JUNE 11-12, 1990 The second annual conference co'sponsored by the International Herald Tribune and The Oil Daily JUNE 11 JUNE 12 09.00 OPENING KEYNOTE ADDRESS 09.00 U.S. ENERGY POLICY AND THE ASIA-PACIFIC H.E. G. Aghazadeh, Minister of Petroleum, Iran The Hon. W. Hen
      631 words
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  • FOCUS
    • Article, Illustration
      Lock icon An economic miracle loses its gloss
      1529 11  -  Economic woes and the government's heavy-handed response are fuelling the anger of South Koreans, reports James Sterngold. But the unrest is not likely to undermine the country's stability, says Steven Weisman in the accompanying article. James Sterngold Steven Weisman NYT THE tensions that fuelled
      NYT  -  1,529 words
    • Article
      Lock icon Outbreak of bad temper
      560 11 NYT A RALLY to express solidarity among anti-government workers and students was disrupted last weekend when scuffling broke out on stage. "We demand to be heard!" a group of students shouted, trying to seize the microphone. After heated words, the protesters were allowed to denounce the
      NYT  -  560 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      70 11 ROALD DAHL Ah, Sweet Mystery Of Life In this compelling new collection of tales, Roald Dahl's urbane and sophisticated wit is directed at the unfathomable mysteries and eccentricities of rural life. IROALDI DAHL "A sophisticated account of village life the rural characters are moulded by the author's dark, inquisitive imagination
      70 words
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      Page 11 Advertisements Column 2
      103 11 I I I I I I AUSTRIA I STYLE '91 SINGAPORE i May 16th 18th, 1990 j 2.00 p.m. 6.30 p.m. t i Century Park Sheraton i i t t Fabrics Garments Accessories i i Participating Companies APPAREL FABRICS ACCESSORIES F.M. HAEMMERLE H.B. BRDITSCHKA GETZNER TEXTIL HUBER SCHIELSEIDE INKU BIJOUTERIE
      103 words
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  • Article
    Driving a hard bargain
    490 12 EDITORIAL A FEATURE of political bargaining is that it directs attention more to what separates the parties than to what unites them. This has been the case, too, with the talks on the US bases in the Philippines. In the lead-up to the discussions, much has
    490 words
  • WHAT THE OTHERS SAY
    • Article
      The German solution
      200 12 AFTER FOUR DECADES of political estrangement, economic union is a logical first step to the unification of the two Germanys. However, full political merger could be held up by the intractable question of the military status of a unified Germany. The four-plus-two meeting in Bonn early this
      200 words
    • Article
      Keep cultural months
      103 12 SINGAPORE'S history as an independent country is too short for us to talk about a Singapore culture at this juncture. Still, the various races do have their respective heritage. There is nothing wrong with holding a Singapore Cultural Festival at this stage but in bringing together the
      103 words
    • Article
      Malays — the way ahead
      155 12 Malays the way ahead UNDER THE second-generation leadership, the government has increasingly shown an understanding of Malay problems. The appointment of Abu Bakar Maidin as a member of the Public Service Commission represents a conscious effort to help Malays progress in the Civil Service. Therefore, the recent call by First
      155 words
  • REGIONAL VIEWPOINTS
    • Article
      A reputation derailed
      189 12 AFTER MUCH HAGGLING and keeping everyone guessing, a government committee finally decided early this week that a group headed by Lavalin International of Canada should be awarded a multi-million baht concession to undertake the mass-transit skytrain project. The decision which we won't be certain is final until
      189 words
    • Article
      Undesirable dependence
      197 12 THE NEGOTIATIONS on a new treaty covering the US military bases in the Philippines to replace the current one which expires in 1991, commence today in Manila. Major developments taking place in the past few years caused to a large degree by Mikhail Gorbachev's perestroika and glasnost policies
      197 words
    • Article
      Life after Xu
      102 12 THE FORMER New China News Agency bureau chief in Hongkong, Xu Jiatun, was one of the most popular mainland officials in the territory, not only because he was affable, but also because he genuinely understood the people of the territory. His praise for capitalism and his personal
      102 words
  • Article, Illustration
    Lock icon Bush — no more Mr Nice Guy
    1325 12 Bush no more Mr Nice Guy Higher taxes loom as the American president struggles to rein in an intractable budget deficit NYT IN HIS FIRST 15 months in the White House, amassing his 70 per cent popularity rating, President George Bush never once suggested prospects for the economy were anything
    NYT  -  1,325 words
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      206 12 n urn CASH MMM 7 ocß ACCOUNTS RECEIVABLE FINANCING if Look at all the benefits you will CCS's wide range of services also enjoy from CCS Accounts includes the following facilities: Receivable Financing and see Leas|ng Scheme whjch allows fOU why you should opt for It. immediate use of goods
      206 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      49 12 DOONESBURY KARIY BELCHED, WE ARE UHItTHIS/SAJmBCM&ON IF ANYONE PRESENT -me/LOQK/m- ThERE GATPEREPHERE TODAY MARRJAGBISA PROFOUND KNOWS ANY REASON UHY SUHPXXeTHER! &JN6NO TO BEAR HJnWSS TO COMMITMENT, AND SHOULD THESE TMD SHOULD NOT BE HPS6OTA OBJECTION, 7VEHOLYUJEOOCKOFPHIUP NQT BB ENTERED INTO UJEPPED, SPEAK NOUJ OR. uSoA' DOW. UGHKY. FOREVER HOLDYOURPEACE
      49 words
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  • ANALYSIS
    • Article
      It's going to get worse before it gets better
      1072 13  -  Last year, 30,000 Aussie firms went into liquidation. Experts say the number will rise this year, reports Florence Chong Florence Chong The hawke government kept its election promise and promptly reduced home mortgage rates in Australia after winning office in March.
      1,072 words
    • Article, Illustration
      Soaring to new heights of cooperation
      1037 13  -  Australia is looking to collaborating with Singapore on aerospace projects, reports Florence Chong from Sydney Florence Chong Florence Chong is a freelance writer based in Sydney THE Australian aerospace industry is exploring the possibility of entering into joint venture projects with Singapore companies. Joint
      1,037 words
    • Article
      Lock icon The fall of another Perth entrepreneur
      686 13  -  Denis Horgan, survivor of the last Crash, may recover from his latest misfortune, says Mary-Ellen Barker Mary-Ellen Barker Reuter PERTH entrepreneur Denis Horgan has something in common with fellow Australian tycoons. Like Alan Bond, he wants to establish a private university in Australia with
      Reuter  -  686 words
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      38 13 »Ii^JGHWS 1 -1 Wednesday," May 16.1990 Grand Ballroom Hilton International Singapore Viewing cocktails: 4pm 7pm Auction Sale: 7pm 9pm Auctioneers: Cheong Koon Seng (CKS) Auctioneers Valuers Pte Ltd Showroom: #03-28 Raffle* CXy Shopping Gontrt Tel: 338 8135/338 8468
      38 words
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  • SPORTS
    • SIDE LINES
      • Article
        Suspension of athletes raises other questions
        141 14 THE suspension of five US athletes after testing positive for substances found in standard over-the-counter medicine has caused a storm of controversy within the sport. Five athletes, including Olympians Larry Myricks, Greg Foster and Antonio McKay, have been banned for three months after testing
        141 words
      • Article
        Pryor condition
        79 14 FORMER junior welterweight champion Aaron Pryor must undergo another round of physical examinations before being allowed to fight tonight, Wisconsin's governor said yesterday. Pryor, 34, whose fight with Daryl Jones had been approved by the state's top licensing official, had been denied permission to box in New York,
        79 words
      • Article
        Giovannetti extends lead
        121 14 ITALIAN cyclist Marco Giovannetti extended his lead to one minute and 28 seconds on Monday, nearly assuring himself a victory in the 45th Tour of Spain. Giovannetti, who has worn the overall leader's yellow jersey for 11 days, has only one stage remaining, a 177-km segment of
        121 words
      • Article
        Magic fails to work
        138 14 "I FELT I needed to take a little more of the responsibility," Magic Johnson said after his career playoff-best 43 points was not enough to avoid a 114-101 loss to the Phoenix Suns that put Los Angeles on the edge of playoff elimination. The Suns have
        138 words
      • Article
        All Black 'defects'
        86 14 A NEW ZEALAND All Black has signed up for the Sydney Rugby League club Manly, the Australian club's coach Graham Lowe said yesterday. But he refused to say who the player was, heating up an already intense guessing game. The naming of the player appears linked to
        86 words
    • Article
      Lock icon Frazzled Berger's longing for some victories
      475 14 AP JAY BERGER of the United States is looking for some oncourt fun that might help to put his harried nerves in order. "I'm just burned out," he said after coming back from a disastrous first set against Israel's Amos Mansdorf to win 3-6,
      AP  -  475 words
    • Article
      Lock icon Mandlikova comes back with new attitude
      261 14 AP FORMER French Open champion Hana Mandlikova returned to tennis on Monday at the US$5OO,OOO German Open in West Berlin with a new training method and a new attitude. The 15th-seeded Mandlikova, who last played a tournament six weeks ago, downed Shaun Stafford of
      AP  -  261 words
    • Article, Illustration
      Lock icon Fittipaldi comes in first at practice again
      348 14 AP EMERSON FITTIPALDI is enjoying his status as provisional pole winner for the May 27 Indianapolis 500, and it certainly has not slowed him down much. The defending Indy champion, who set a four-lap qualifying record of 225.301 mph (362.509 km per hour)
      AP  -  348 words
    • Article
      Lock icon FIFA taps gold mine in World Cup
      284 14 AP EACH GAME at this summer's World Cup is worth more than US$3 million for the people running international soccer. Shrewd marketing of soccer's biggest event will earn FIFA, the International Federation of Association Football, a guaranteed US$l64 million from the month-long championship
      AP  -  284 words
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      282 14 t ***p*i^Fp~ LIKE ALL ARTISTS, those whose creative domain y J-J A T S Mr/y nineteen eighties with the classic dishes of is the kitchen can he a temperamental lot. Trance, ]apan, China and Mexico. And nothing upsets their sensibilities more than A mtm Using only light, fresh ingredients prepared
      282 words
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      320 15 'S I MAZDA 9 2 9 I mmnnnnnnnn I* n 1 D J L I V I f > i I UII J KX I J JL JDUULJ LI LI/ UL/U S ps 0 i i -f*\ V '4 -7 !p fi ■■■»■■■■mmmmmmmmmmmmmmmmrnmmm 1 jwr II 1 j Vb B
      320 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      173 16 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN.. WHERE TO WINE. DINE Seme of our best advertising is by word-of-mouth. < /jj .'oft *"•-> For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or
      173 words
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      Page 16 Advertisements Column 2
      373 16 fxmpcGs "TCTBRSSTSSSP 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 Select
      373 words
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      Page 16 Advertisements Column 3
      205 16 Time for Karaoke in The Streets. Sunday to Tbunday: 6pm Friday, Saturday :6pm- 3 am A 7 (sis++) Happy Hours MLetf Plaza Hotel Ti s-*c*»o»e ■»1 ««colleuifui.«!«>\tr^c'; H.*H Kiw.: in- (I7KI Trt I s«®&B*; y Served nightly from 7.00pm $15.00 Adult $10.50 Child AaprioMar»aufa(*ollolo%Mr«toaGh«g*A4%aaM Aoo«* l 0 h Foe rcaervatkxw,
      205 words
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      Page 16 Advertisements Column 4
      251 16 RiAjrabcaJßn&E E 7 ELEMENTS OF GHGDON6 ujTT The art of unlocking the delicate IflfA flavours of fowl, fish and game with L fWCfTj subde touches of condiments. That's 35J1 &w Guangdong cuisine. Taste for yourself its delicious variety at the Pine Court Guangdong Buffet Lunch May 1-31, Noon-2.30pm Adult: $26++,
      251 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      723 16 TELEVISION AND RADIO J SBC1 help defend McKay against «.35 Matey Tkaatra Muda-Mu- BUSINESS ON RADIO Cardin s coutvirc z js tzzzz- the death of two Newcomers. 11 JO Malay Theatre (Cont'd). I.IIHB, 9.25 am, 1.30pm, —ITTr.WJIM M 555 George and Sikes learn both 11.50 The Bokf and the Beautitiri.
      723 words
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  • LIFESTYLE
    • Article
      Piano Lesson wins NY critics' vote
      241 17 CHATTERBOX THE Piano Lesson, by August Wilson, was selected as best new play of the 1989-90 season by the New York Drama Critics Circle. City of Angels was named best new musical. The critics on Monday also voted an award to Peter Nichols for
      241 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      244 17 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 HILL, SINGAPORE 1025. TEL. 7J2
      244 words
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      Page 17 Advertisements Column 2
      91 17 Welcome to first class. SWING. WM B |r 1 Ml wj n iMmWm BlavA i Bk In the 1920's Swing was discovered by wealthy European travellers who sailed first class on luxury transatlantic liners. The unique 'swinging' decanter, designed to gently embrace the precious amber liquid in the roughest seas,
      91 words
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      Page 17 Advertisements Column 3
      363 17 It's Now open on Wednesdays also i I •1 1 2 I ri n #02-19 Raffles City Shopping Centre, Singapore 0617 > Business Hours: 11.00 am to 9.30 pm Tel: *****08 J Noted for delicious NASI PADANG i J RESTAURANT TfeiW HOCK LOCK KEE ira- 7' r/1 /f»# 'ft Classical
      363 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market ignores overseas leads to close weaker
      4529 18  -  By William Chia THE Singapore stock market closed weaker yesterday as share prices failed to respond to Wall Street's strong rally and Tokyo's improved sentiment. US share prices hit a record high on Monday while the Tokyo market is expected to rebound although
      4,529 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4146 19 Main Board SLA Foreign 2070 20 +1.0% UOB Foreign 725 +20 +2.8% Semb Maritime 356 +16 +4.7% Jurong Ship 50* 810 +15 +1.9% S Steamship 50* 372 +12 +3.3% Nat Iron Wt 265 +12 +4.7% DBS 1300 +10 +0.8% SPH Foreign 1080 +10 +0.9% OCBC
    4,146 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      370 20 Ccapaay Bate Y*ar (nay Net Met Minings Gr*s* mm to preAt/less (L) per tJurt dividead (*044) (cents) ANA Hotas May IS Dec 89 S4S8(S3.692L) l.O(-) Cathay Pac May 11 Ok 89 HK$3,321d($2,824d) 115 9(98 6) 210(180) H Negara May 11 Ok 89 $756(1231) 101(3.1) 10(2) MISC May 10
      370 words
    • Article
      CORPORATE DEVELOPMENTS
      198 20 May 14 Aaiu Electrical Industries is setting its leasehold land and building in torong to Keppel Corp for $14.2 m. Trading in Pan Pacific PuMcsfes lid's 31.532 m shares commenced today on Sesdaq Sine Darby is planning to acquire New Zealand's largest forestry group for an estimated Ms?b
      198 words
    • Article
      DIVIDENDS ANNOUNCED
      1315 20 Current Ex lulu Date Tatal far Tatal tar AfiN 15* £Uy 3 NYA May 16 29% 28% BM 8% Jun 8 Jun 22 U 2 8% 5* BostMd 5% (I) Apr 18 May 4 Jun 7 5% 15% Boottftka 3% Apr 25 May 10 Jun 18 6% 4
      1,315 words
    • Article
      PRELIMINARY RESULTS
      224 20 C>«mt Date Yaar trap pre-tax Nat earning* Grow aaa to profit/loss (L) par slur* dMdaad (000) (caata) Own Kid May 14 Mar 90 $11,317(18.268) 38 4(29 6a) 15(13 6a) BAI May 10 Dec 89 M$6.308($8.277L) 7 5(~) 8(5) MBf Hldgs May 10 Dec 89 M$9,757 ($26.517|) M Plantations
      224 words
    • Article
      INTERIM RESULTS
      150 20 Ciiwy Date Hj If-year Group pre-tax Interim mm to profit/low (L) dividend (000) Sport Land May 4 Feb 90 $25,132($10,850) ttC May 4 Mar 90 $46,270($21,667) 4(2 9a) UC Btntang May 3 Mar 90 MJ14.337 ($7,596) 5(4) Cantos Apr 27 Jan 90 $33.904($30.676) Sffl Apr 27 Feb 90
      150 words
    • Article
      RESULTS DUE
      500 20 Singapore Stocks Lart FmN Yoar Co*any Paled Date Yea MM »S &es MM Mn> <C,Ba HW) BMT Intern Jan 27 Jun 90 169 6 100.0 516 Mm F«al Feb 28 No* 89 39.1 10.0 11.728 Marc* Mi Fad Mar 27 Ok 89 3.4711 Lmh| Huat Intenm Mar 30
      500 words
    • Article
      APPROVED ISSUES
      268 20 Company Rights Issue Apah One-tor one SI 85 per share b<Wr Apr 23 Books Close: May 7 Acceptance t Payment Jun 15 LiifU One-tor-one Q M$0 70 per share El-date: Apr 9 Books dose Apr 24 Acceptance Payment km 12 Ml Tno-tor fwe MSI 90 per share ti-date
      268 words
    • Article
      PROPOSED ISSUES
      306 20 Company Rights Issue C—mi Mr Capital reduction scheme to rcduct par value of shares from $100 to $060; fcgMs issue of 3:2 fe $0 60 per share FAC8 One-tor-ore MS050 par share FaMr Marfc One tor-on* fe MJ0.25 per share. Wtowed by a share swap of five Fataer
      306 words
    • Article
      BONDS, LOANS & WARRANTS
      629 20 BONDS, LOANS WARRANTS CMpMjf CmmIm pvM CflMnki tani lv mm vAmj Am rminj L— Cmwi) W 2/10/89 Id 20/10/94 1 warrant plus $1 cash or 1 warrant plus SI MMMl MKMMt of ban stock. CMm Hp Ate Qm te 1 tech 87 to 31/12/91 1.55 wrote pto >155 cash. Oh
      629 words
    • Article
      RECORD HIGHS AND LOWS
      133 20 BT Composite Index ST Industrials Index 1990 «t 1402 22 (6/2/90) 1» <g/Jg> 1990 tor *****8 (2/5/90) »0 J*** 19S3 r*t 1322.00 (28/12/89) J® J* ®776 (26/12/M 198 tor 917.42 (4/1/89) °30® WJg) 190 N* 1043.86 (8/8/88) |J» J* 1W17 JW® 19tt Imt 737.83 (4/1/88) "SJTIL
      133 words
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      88 20 could be a controversial deal between two stock market stars, a XB6SS@«SS? thought-provoking report by university —7T\\ researchers on the latest trans-European j£jfVs FOCUS zooms in on the news and JL issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section
      88 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish easier but off day's lows
      3716 21 Bernama Reuter MBT SHARE PRICES on the Kuala Lumpur stock market closed lower yesterday after stocks failed to attract followthrough support and sucumbed to profit-taking. Bouts of buying by bargain hunters before the close, however, helped some issues to finish off their lows.
      Bernama; Reuter; MBT  -  3,716 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      213 21 Global Strategies Supplement 1990 'Global Strategies: World Class Partnerships' Is the theme of Business Times' second Global Strategies Supplement. To be published on June 4, 1990, it will coincide with the Global Strategies Conference a meeting for over 1,000 senior executives from multi-national corporations and local companies to discuss key
      213 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close easier on index-arbitrage selling
      2257 22 Reuter TOKYO stocks closed easier yesterday as arbitrageurs unwound long stock-index positions. Despite a stronger yen, the benchmark index lost the momentum of the previous two days, on each of which it gained more than 500 points. Brokers were heartened that the decline was
      Reuter  -  2,257 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Political nervousness sends shares sliding
      2574 22 Reuter MARKET TALK that veteran Chinese official Xu Jiatun had written an open letter of protest to China's senior leader Deng Xiaoping caused Hongkong stocks to close weaker yesterday, brokers said. The Hang Seng Index fell 11.35 points to 2,965.09, well below an intraday high
      Reuter  -  2,574 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks lose ground in dull trade
      • Article
        SYDNEY
        1004 23 AUSTRALIA'S sharemarket closed weaker in lacklustre trade yesterday, losing ground in early profit taking after Monday's surge. The All Ordinaries Index shed 8.3 points to 1,508.5, with leading blue chips losing momentum. "Most institutions seemed content to sit back and watch, not believing that Monday's rally could be sustained,"
        1,004 words
      • Article
        BANGKOK
        676 23 THAI STOCKS yesterday closed slightly higher after active early trading tailed off later in the session. The SET Index closed 2.02 points higher at 889.80. Turnover stood at 29.18 million shares valued at 3.2 billion baht. Declines outnumbered advances 78 to 64. The market opened firm and share prices
        676 words
      • Article
        Untitled
        88 23 Clow Previous May IS May 14 SYDNEY All Ordinaries Index 1,508.5 1,516.8 -8.3 All Industrials Index 2,342.6 2,350.9 -8.3 All Resources Index 871.3 879.0 -7.7 Turnover (million) 81.94 101.50 -19.56 BANGKOK SET Index 889.80 887.78 2.02 Turnover (nearest'000) 29,180 27,590 +1,590 JAKARTA Composite Index NA 630.61 Turnover (nearest '000) NA
        88 words
      • Article
        JAKARTA
        402 23 PRICES on the Jakarta Stock Exchange rose slightly yesterday, bringing the Jardine Fleming Nusantara Index 2.4 points up to 147.56. Sentiment was bullish on the newly listed pelletising firm CP Prima, sending its price 2,000 rupiah up to 6,000, with 4,500 shares traded. Jakarta Rupiah VoHDO) Aqua Golden M.
        402 words
      • Article
        MANILA
        573 23 PHILIPPINE shares yesterday closed mixed in listless trade as the market anxiously awaited developments on current talks on the US military bases in the country. The Manila Stock Exchange Composite Index closed a slight 2.28 points lower at 974.80. The Makati bourse's index edged up 2.45 points to 985.88.
        573 words
      • Article
        NEW ZEALAND
        405 23 LEADING New Zealand shares closed slightly higher yesterday, after retracing most of their morning gains on an indifferent start in Australia. But brokers expect the market to consolidate around current levels and even improve modestly providing major overseas bourses remain well supported. "I think it's built up a
        405 words
      • Article
        Untitled
        312 23 In local cvrreacy In SS la US$ day year day year day year M*y 14 ladex change chaage chaage ch>agr chaagc chaagc World 428.1 I.I -7.9 0.9 -11.6 0.9 -9 2 *EAFE 599.8 1.2 -11.9 1.2 -15.7 1.2 -13.4 Europe 437.2 0.4 -3.0 0.0 -1.4 0.1 1.3 Pacific 1048.7 1.8
        312 words
      • Article
        SEOUL
        843 23 SEOUL stocks fell for the sixth straight session yesterday due to several negative factors, although institutional investors intervened in the afternoon to help push the index up from its earlier lows. The Composite Index closed at 724.76, down 9.66 points from Monday. Turnover was a thin 126.6 billion won
        843 words
      • Article
        TAIPEI
        378 23 THE TAIWAN stock market ended higher yesterday, breaking a run of declines, as investors decided prices had reached bargain levels. The Weighted Index rose 294.53 points, or 3.6 per cent, to end at 8,569.55 compared with Monday's 8,275.02. Turnover, which had also slumped in recent days, picked up to
        378 words
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  • WORLD STOCK MARKETS
    • Dow up 19.95 to record high of 2,821.53
      • Article, Illustration
        NEW YORK
        1274 24 LATE AFTERNOON profit-taking look some steam out of US stock prices c on Monday but was unable to prevent j blue chips from sweeping to a new clos- ing record. The Dow Jones "industrial which jumped 63 points on Friday on growing optimism over inter- est rates, ended
        1,274 words
      • Article, Illustration
        LONDON
        850 24 SHARES on London's stock exchange made their largest daily gain since July to finish well above the psychologically important 2,200-level on Monday despite sluggish afternoon trading. The Fi-nancial-Times Stock Exchange 100-share index closed at 2,214,5, up 38.6 points, or 1.78 per cent, from Friday. The intraday minimum of 2,202
        850 words
      • Article
        Untitled
        89 24 May 14 Close Previous NEW YORK Dow Jones 2,821.53 2.801.58 +19.95 NYSE Financial 144 41 143.12 +1.29 SAP 500 354.75 352.00 2.75 Turnover (million) 225.410 234.04 -8 64 LONDON Financial Times 30 1.733.5 1,708 8 +24.7 FTSE 100 2.214.5 2,175.9 +38.6 Turnover (million) 375.1 510.1 -135 AMSTERDAM CBS General 196
        89 words
      • Article
        AMSTERDAM
        312 24 DUTCH SHARE prices opened generally lower in moderate early business yesterday with a round of profit taking following gains on Monday, dealers said. Electronics company Philips opened 0.30 guilders higher but soon slipped back to an unchanged level of 33.40. Philips put on 2.00 on Monday after it announced
        312 words
      • Article
        JOHANNESBURG
        374 24 JOHANNESBURG gold share prices were mostly lower at midday yesterday with little movement expected for the rest of the day, as the gold price remained at its lower levels, dealers said. "It's absolutely dead. I can't see us doing anything unless the gold price improves," said one. "Nobody's very
        374 words
      • Article
        BRUSSELS
        158 24 BELGIAN SHARES opened higher in active trading yesterday with foreign investors returning in force to the market. Traders said prices rose an average of 0.5 per cent at the opening and were continuing to firm. "The market is up in a lot of volume in bid and asked. This
        158 words
      • Article
        MILAN
        165 24 ITALIAN SHARE prices opened firmer yesterday with financial holdings such as IFI and banks leading the way while insurers were also in demand, brokers said. At 0900 GMT, the MIB index was 0.4 per cent higher, although volume was fairly light. Merchant bank Mediobanca hit a high for the
        165 words
      • Article
        FRANKFURT
        196 24 WEST GERMAN shares reversed some of their early losses yesterday, but buying volume was not sufficient to break the market's five-day lower trend. The DAX index of 30 leading shares closed 9.08 points lower at 1,851.25 after earlier slipping as low as 1,840.46. Some dealers felt prices may have
        196 words
      • Article
        TORONTO
        220 24 TORONTO STOCKS quickly lost early gains in late trade yesterday to close down after profit-taking dulled a Wall Street rally, dealers said. "They got the bit in their teeth early in the day, then they got some acrophobia," said trader Paul Hand of Wood Gundy Inc. The composite index
        220 words
      • Article
        ZURICH
        252 24 SWISS SHARES continued lower in moderate trading yesterday after Monday's retreat and mirrored the easier tone of Tokyo and Frankfurt. The market seemed to be unimpressed by the overnight strong gain on Wall Street, dealers said. The Swiss market index of leading shares fell 13.2 points to 1,697.3. Banks
        252 words
      • Article
        PARIS
        204 24 FRENCH share prices were lower at midday yesterday in a nervous market, worried by a sharp rise in French day-to-day money rates and still prone to profit-taking after recent gains, dealers said. Although the rise in call money was attributed to tightness in the money market at the end
        204 words
      • Article
        Untitled
        43 24 Vienna M*y 14 Axk Akg Holding 5300 +150 E Allgem (Pref) ***** -200 Jungbunzl ***** .200 Laendertuik (PreO 865 -10 Lenzing 1920 20 Leykam 715 Montana ***** -500 Ocaterr. Bnu 4900 -20 Semperit 177 0 SfP---" 239 +1 Vcitschcr 1242 Source: Austrian Laenderbank
        43 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      American dollar closes lower against major currencies
      1181 25 FOREX MARKET REPORTS THE US dollar yesterday finished lower against the Japanese yen and major currencies in active trading in the Asian foreign exchange markets. Sentiment against the yen is improving, according to dealers. A dealer remarked: "The mid-term dollar-yen trend has changed.
      1,181 words
    • Article
      Lock icon Dealers expect Singapore dollar to test new highs
      422 25 Reuter THE Singapore dollar, which has hit record highs against the US currency for three straight trading days, should hold its ground and test new highs in the next few months, dealers said. "The Singapore dollar could test 1.8350 (to the US
      Reuter  -  422 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1438 25 SIMEX 555u5 Open High Low Sett Est Vol Op/Int Vol Jun 90 91.63 91.63 91.59 91.61 2555 ***** 3786 Sep 90 91.56 91.57 91.53 91.54 9834 ***** 9644 Dec 90 9140 91.41 91.37 91.37 1540 3899 1707 Mar 91 91.24 91.25 91.21 91.21 480 621 428
      1,438 words
    • Article
      INTERBANK FOREX RATES
      390 25 Cross rates M y US$ S$ MJ Dm Yen SFr A$ NZJ US$ 1.8500 2.6900 1.6485 151.45 0.5952 1.3955 1.3029 1.7422 S$ 0.5405 1.4541 0.8911 0.8186 0.3218 0.7543 0.7043 0.9417 MS 0.3717 68.77 0.6128 0.5630 0.2213 0.5188 0 4844 0.6476 Dm 0.6066 1.1222 1.6318 91.87 0.3611 0.8465
      390 words
    • Article
      MONEY MARKET
      569 25 Interbank rates SS Bid Offer Overnight 5 1/2 6 1-month 7 7/8 8 2-month 7 7/8 8 3-month 7 7/8 8 Overnight mode: LSS Bid Offer 7 days 8 3/16 8 5/16 1 month 8 3/16 8 5/16 2 months 8 1/4 8 3/8 3 months 8 1/4
      569 words
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  • COMMODITIES
    • Article
      Lock icon M'sian team taps hydro technology
      375 26 Bernama A TEAM from the Malaysian National Electricity Board (NEB) headed by its chairman Datuk Helmi Mohamed Noor left for Europe on Monday to study hydro-elec-tricity technologies. Such a study was needed in view of the federal government's decision to revive the Bakun Hydro Project
      Bernama  -  375 words
    • Article
      Lock icon Soviet sales boost platinum supplies
      255 26 Reuter PLATINUM supplies surged to a record on the world market last year because of increased Soviet selling to raise hard currency, metals trading house Johnson Matthey said on Monday. But the excess of the metal was mopped up by higher demand in Europe and
      Reuter  -  255 words
    • Article
      Lock icon Oil prices snap back
      139 26 Reuter OIL prices rose sharply on Monday on a belief among traders that a world glut which sent them sliding only a few weeks ago might be easing. London futures for North Sea Brent Blend, the most widely traded crude, were up 34 US cents in
      Reuter  -  139 words
    • Article
      Tin remains unchanged on poor buying support
      814 26 REPORTS THE price of tin remained unchanged at M$17.17 per kg on the Kuala Lumpur Tin Market (KLTM) yesterday on lack of buying support. Opening bids amounted to 40 tonnes against offers of 55 tonnes. Turnover for the day was reduced to 40
      814 words
  • Article
    PRICES
    1390 26 Rubber May 15 ■as (h» In Nw) S cents/kg Noon Close Inl I RSS Prompt 156.75/157.75N I56.7VI57.75N Int I RSS June 90 158 50/159 00 158 50/159.00 Int I RSS July 160.75/161.25 160 75/161 25N Int 2 RSS OP 151 00/153.00N 151 00/153 OON Int 3 RSS OP 145.50/147
    1,390 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      766 26 NOTICE NOTICE IS HEREBY GIVEN that, I Say Lip Kan of No 59 Thomson Terrace, Singapore 2057, have applied for a Public House Second Class licence in respect of premises at M/s Delights' Corner Ribs Steak House at 7 Maxwell Road, 6th Storey Annex 'B' MND Building, Singapore 0106. and
      766 words
    • Advertisement
      Page 26 Advertisements Column 2
      144 26 IN THE MATTER OF THE COMPANIES ACT, CAP. SO A NO IN THE MATTER OF AUTOMOTIVE AUDIO ACCESSORIES PTE LTD Advertisement of Creditors Meeting Under Section 296 NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act. Cap 50 that a meeting ol the creditors of the abovenamed
      144 words
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      Page 26 Advertisements Column 3
      15 26 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      998 27 City Fllglit ETA FHght FTO /UmMaM GA895 1235 GA886 OOIO Milriii QF7 2025 SQ227 2250 MMmt GA895 1235 KL814 1720 KL813 1455 QF15 2215 toddMd Ti25 1800 SQ388 2025 TE28 1920 QF9 2230 fft—BI421 1100 SQ128 0915 Btn- SQ181 1410 BJ422 1205 w ***** 2030 B)430
      998 words
    • Article, Illustration
      See you Saturday night at the Met
      751 27  -  LETTER FROM NEW YORK jfJFjTJFJT By Roberta Smith LAST FALL, when the Metropolitan Museum of Art announced plans to stay open late on Friday and Saturday evenings instead of Tuesdays, it seemed that another well-established tradition was being needlessly tinkered with. How could
      751 words
    • Article
      MONEY CHANGER RATES
      154 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4045 I.424S Canadian dollar I.SS20 1.3720 NZ dollar 1.0460 1.1060 Sterling pound 3.098 3.1180 US dollar 1.8440 1.8340 Local dollars to 100 units of foreign currency Austrian schilling 13.70 16.70
      154 words
    • Article
      WORLD TRADE EXHIBITIONS
      108 27 Duration Title Venue Organiser Tel Duration Titk Vcnue Otynacr May 13-18 The Options Inseads The Options 312-322-2574 May 21-24 INSUCON *90 Brighton Federation of 01-*****78 Workshop Campus Workshop Metropole British Hotel Eletrotechnical Allied Mfgs' May 14-17 World Express WTC k VisU Triangle 494-*****4 *****/***** Conference 6c Intl
      108 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      48 27 TORONTO Iht huMncN* person'» «:h<>iwc c\cr\ IucmJiv. fhursjj\. Viturdu and Vind.iv. I c.iv ing( \irport it hour* ind arriving it I c»lcr K. I\'.irv>n I rtUrn.it mrul \irp*>rt the followiny Ja\. A I', i: I I 11 (> I V I; K s ll A I i: x AirCanada
      48 words
    • Advertisement
      Page 27 Advertisements Column 2
      342 27 I Kuala Lumpur's capital gain. One of the biggest developments in K.L.'s recent history is the opening of the new Regent of Kuala Lumpur. It's a tangible asset to any executive, because the hotel is ideally located in the very heart of the commercial and shopping district. Naturally, we've gone
      342 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      311 27 1 Admission to a public I school by the back door 9 Califomian city porter has I I I I I I to keep on HH II Ml |H| Ml IB| 10 Clothing for boisterous 11 Calm ending to the day (4) JB3l| MM WM 12 Dennis and I reduced
      311 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      213 27 Singapore Outlook: Showers over several areas in the pre-dawn hours and early morning. Report: Max temp. 32* Assoc humidity 71% Min temp. 25.3* C Assoc humidity 92% Hrs of sunshine 4.25 Rainfall in mm 0.4 Rainfall this mth 169.4 Rainy days this mth 5 World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      213 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      26 27 on Tvte cc*rrgw?y, jon£S i-ro Point twcot-uweK's BR«T O u -WftT Novgi ***»}^OSWK G DSSTPD O 1 YOURS IS Pi DEAD eyacJ VPPCJST 0 1 S\pr
      26 words
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  • Article
    Euroyen futures options to make Simex debut
    276 28  -  By Quak Hiang Whai THE WORLD'S first options on Euroyen futures contract will make its debut on the Singapore International Monetary Exchange (Simex) next month. In a statement yesterday, Simex said the new contract will be introduced on June 19 and it will
    276 words
  • Article, Illustration
    Lock icon Foreign investments of M$10b in first four months: Rafidah
    387 28 Bernama THE FLOW of foreign investments to Malaysia, which accelerated by 30.8 per cent last year, has become a gush, according to figures announced by Trade and Industry Minister Datuk Seri Rafidah Aziz yesterday. Foreign investments approved in the first four
    Bernama  -  387 words
  • Article
    Lock icon Loss of US trade perks will cost China US$10b
    301 28 Reuter CHINA will lose US$lO billion in exports to the US if Washington revokes its preferential trade status, a Chinese trade official said yesterday. Shen Jieren, a deputy foreign trade minister, also warned that withdrawing the trade status might backfire by
    Reuter  -  301 words
  • Article
    Lock icon Taipei acts to boost Saudi links
    262 28 Reuter TAIWAN will boost its investment in Saudi Arabia in a bid to strengthen its bilateral trade and diplomatic ties with Riyadh, Taipei's Industrial Development and Investment Centre said yesterday. John Ni, the centre's director, said Taiwan hoped that the investment would reduce the
    Reuter  -  262 words
  • Article
    Lock icon No extension, but new treaty can be considered: Manila
    279 28 Reuter THE PHILIPPINES yesterday formally notified the US it would terminate its current military bases agreement next year, but left the door open for a new accord. Philippine spokesman Rafael Alunan said the US was told the present 25-year agreement on
    Reuter  -  279 words
  • Article, Illustration
    High-stepping in new riot gear
    39 28 No, this is neither the Beijing boogie nor the lambada, the forbidden dance, although these Chinese soldiers were near Beijing's Forbidden City. These troops were, in fact, familiarising themselves with new riot control gear.
    39 words
  • Article
    Lock icon Policy switch sends Taiwanese dollar plummeting
    224 28 Reuter TAIWAN'S foreign-exchange market plunged into chaos in the last 10 minutes of trading yesterday as the local dollar sharply depreciated in its biggest fall ever. Dealers said in the last 10 minutes government banks, which in the past had tried to slow the
    Reuter  -  224 words
  • Article
    Lock icon Jakarta expected to approve US$5b in investments
    175 28 AFP INDONESIA expects to approve about US$5 billion worth of foreign investment in the country this year, the chairman of the Investment Coordination Board (BKPM) said yesterday. "It is projected that approvals on investment in 1990 will reach at least 25 trillion rupiah
    AFP  -  175 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      116 28 \V\ H Incorporates heel and toe weighting W', produce overs pin w for truer role. AmS*.$P\NGSputters P t>«»»»■*>»Munmmm*>.»t- 5-storey, 999-yr, Commercial Building in a Rapidly Developing Commercial District. Near MRT Station. Total Lettable Area 16,400 sf. Freehold Conservation Shophouses within prime financial Zone. Land area 3,500 sf above. Freehold Land
      116 words
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      Page 28 Advertisements Column 2
      9 28 Commercial use for bases, Pg 8 leader, Pg 12
      9 words
    • Advertisement
      Page 28 Advertisements Column 3
      397 28 EYE 2 ■El|P'*laKSr—. Color-Coded mS^:iS£££r Irons W? weighting Explore Successful Ways of Managing, Training and Motivating People at the Conference on HRM IN THE 1990'5: KEY ISSUES AND INITIATIVES July 18-*****0 Shangri-La Hotel, Singapore For Whom: Human resource managers of all levels as well as managing directors, general managers and
      397 words
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  • SHIPPING TIMES
    • Article, Illustration
      NYK: non-shipping income to make up 45pc
      493 29  -  By Dexter Lee NON-SHIPPING activities, like warehousing and freight forwarding, will eventually account for 45 per cent of Nippon Yusen Kaisha's annual income, a senior NYK official disclosed last week. Mr Kenichi Ogura, managing director of the harbour and multimodal transport division in
      493 words
    • Article
      Advanced planning helps clearance at Klang box terminal during holidays
      274 29  -  By Fauziah Ismail CONTAINERS were effectively cleared at the Klang Container Terminal (KCT) during the Hari Raya festive holidays, thanks to advanced planning by port users. In fact, the users said the festive season was the first time, aside from
      274 words
    • Article
      Manila set to impose drug, alcohol tests on seafarers
      330 29  -  From Al O Labita IN MANILA THE Philippines, the world's leading supplier of sailors, is set to impose alcohol and drug tests on its shipmanning industry. The move is in response to the new requirements of foreign principals in hiring prospective
      330 words
    • Article
      Veritas to include human element in classing ships
      268 29 DET Norske Veritas will soon introduce an innovative set of classification standards targetted at the human element in shipping. These rules cover the management of safe ship operation and pollution prevention. Existing classification rules provide technical standards for the vessel itself, but
      268 words
    • Article
      Wah Kwong seeks to list firm in HK
      217 29 WAH Kwong Shipping has applied to list its Bermudanincorpo rated company, Wah Kwong Shipping Holdings, on the Hongkong stock exchange. The South China Morning Post reports Wah Kwong, in moving towards a longplanned corporate restructuring with the listing, would make Holdings the
      217 words
    • Article
      Swissair expected to double cargo capacity
      380 29  -  By Sangeeta Mulchand EUROPEAN AIRLINE Swissair is likely to double the cargo carrying capacity of its combi-carriers over the next three years with an additional four weekly flights by 1993. The airline currently carries between 35 tons and 40 tons of cargo on its
      380 words
    • Article
      Lock icon Asia-Pacific countries to have access to Aptel database
      198 29 Bernama ALL developing countries in the Asia-Pacific region will, from August, have access to the telecommunications database (Aptel) designed to optimise the inter-country telecommunications network. The project by the International Telecommunications Union is to help the regional telecommunications network cope with international
      Bernama  -  198 words
    • NEWS SUMMARY
      • Article
        Making QE2 a success in S-E Asia
        37 29 THROUGH shrewd pricing and packaging. Vcn Nishimura, managing director of Prime Travel Tour, explains how he made the mystic luxury cruiseship QE2 a royal success in South-east Asia. Page 2
        37 words
      • Article
        Nedlloyd stock to profit forecast
        40 29 DUTCH transport and shipping company NedUoyd is sticking to its forecast that 1990 will match 1989's operating profit of 146.1 million guilders in 1989, despite a continued slump on North Atlantic shipping routes. Back Page
        40 words
      • Article
        Indian seamen get massive wage rise
        42 29 AS MANY as 20,000 foreigngoing Indian seamen in Bombay, and some 10,000 in Calcutta, have secured, a massive SO per cent rise in wages, under the provisions of a revised National Maritime Board Agreement Bade Page
        42 words
      • Article
        Trans-Link names new GM in Thailand
        42 29 TRANS-LINK Express in Thailand has named Samuel Seong Koon as general manager, succeeding Sim Kian Kiat who acted as deputy managing director and who is returning to Singapore after 1.5 years in this position Back Page
        42 words
      • Article
        LOT buys 10 planes from ATR
        27 29 The Polish airline LOT has signed an agreement to buv 10 ATR-72 passenger planes from the Franco-Italian consortium ATR. Back Page
        27 words
    • LOO BOOK
      • Article
        Lep Group forms East German unit
        87 30 LEP Group pic said in a statement it had formed a new subsidiary to expand its freight transport activities in East Germany. Its wholly-owned West German unit Lassen GmbH has set up a new subsidiary Lep-Lassen GmbH, majority owned by Lep Group with the
        87 words
      • Article
        MacGregor opens new station
        63 30 MACGREGOR-NAVIRE's Marine Services Division has opened a station in Las Palmas, Canalary Islands with Kenneth Clark as area service manager. This brings the company's worldwide network of service stations to 42 located in 22 countries operating round the clock, seven days a week. The new facility
        63 words
      • Article
        Lauritizen's revenues rise
        71 30 THE Lauritzen Group in 1989 made DKrlo.7 billion in total revenues as compared with DKr9.3 billion the previous year. But net earnings after minority interests were pushed lower to DKr5OB million compared with DKr6O9 million in 1988. Last year, net earnings for shipping companies were DKr4O4 million;
        71 words
      • Article
        Soviet tanker leaking oil
        84 30 A SOVIET tanker leaked about 1,000 tons of crude oil off Sweden's southeast coast following a collision Monday with a West German freighter, the Swedish coast guard said. No one was injured in the collision, which occurred in foggy morning weather in the Baltic Sea. Officials
        84 words
      • Article
        Conrail sells rail for US$18m
        88 30 CONSOLIDATED Rail Corp said it sold its Cockeysville Industrial Track to the Maryland Mass Transit Administration for US$l7.5 million, which will result in an after-tax rain of US$9 million. The sale closed on May 1. The Cockeysville track is between Baltimore and Cockeysville, and will
        88 words
      • Article
        First legal brothel in Baltic
        105 30 IF town officials have their way, the Latvian port of Ventspils will soon boast the nicest brothel on the Baltic Sea and the only legal one in the Soviet Union. The Ventspils town council last week approved a plan to allow the port's scores of
        105 words
    • Article, Illustration
      Taking the Queen for a cruise
      917 30  -  Many who touched cruises have gone under. But that did not deter Ven Nishimura from taking up the challenge of marketing the First Lady of the High Seas. Said Abdullah looks at his strategy Said Abdullah IS CRUISING the inthing among tourists? Not many
      917 words
    • Article
      Lock icon WEEKLY FREIGHTS
      693 30 AFP THERE was no let-up in the recent fall in freight rates this past week, despite the return of Soviet charterers to the grain freighter booking market. The Baltic International Freight Futures Exchange (Biffex)'s Baltic Freight Index (BFI) ended the week down 27 points at 1,313 points. Soviet
      AFP  -  693 words
    • Article
      THE SHIPPING GUIDE
      12483 38 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
      12,483 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        547 45 Vaoaal toy lb Barti Mval Dapartn j Kappti Wk Aprifl Morassya IMI 14C/90 K18 alongside 1605/1200 1190 (P) K17 alongside 15.05/2000 Koto Bafcb E-849 K33 alongside 17.05/1830 Koti by* Muftan E-850 K31 alongside 16.05/2300 77-HW K29 alongside 16.05/0200 Pmctss 11 K30 alongside 16.05/1500 Skulptor Got 10 90E
        547 words
      • Article
        CONTAINER SCHEDULE
        1539 45 HECEIVINCOF EXPORT FCL COWTAINERS AND LCL CARGO Tranrtainar IdmHm SMp Voy No An Data Tkna From To Boattit Gat* 9k Op Gdn Ambas Bndec 28 17.05.90 1700 16/0730 16/0829 Portnet 2 A5 00 F06 16/1930 16/2029 Portnet 2 17/0100 17/0159 NA 2 16/0830 16/0929 Portnet 2 C5 16/1800
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        IN MALAYSIAN PORTS
        288 45 Pit W—l US teM M*££d birth 9; Maenam Bridge berth 10. Nwti Pat HMS Westraba berth 11; Aitair Ace berth 11; Dsshmzhai berth 13; Yi Chang berth 14; FNS Marine berth 15; FNS Oucumg berth 15; Far East Pilot berth 16; Toledo berth 17; Evpo Ajsa berth
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      DAILY FREIGHTS
      1157 45 THE DRY cargo chartering market on Monday began the week actively with brokers seeking signs of further Soviet activity. Recent grain purchases by the Soviet Union from the European Community and the US are expected to result in sustained demand for tonnage. But brokers reported little change in
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      Lock icon Nedlloyd sticks to profit forecast despite setback
      470 46 Reuter DUTCH transport and shipping company Nedlloyd is sticking to its forecast that 1990 will match 1989's operating profit of 146.1 million guilders in 1989, despite a continued slump on North Atlantic shipping routes. "The recovery of margins on the North Atlantic routes
      Reuter  -  470 words
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      LOT to buy planes
      66 46 THE Polish airline LOT has signed an agreement to buy 10 ATR-72 passenger planes from the Franco-Italian consortium ATR. Sources said the total value of the contract would be around US$l3O million. The first planes are to be delivered in June next year and will be
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      Lock icon Rejected Australian sheep held up at Suez Canal
      164 46 Reuter A SHIPLOAD of 17,000 live Australian sheep, rejected as diseased by Saudi Arabia last week, is being prevented from passing through the Suez Canal. "We are trying to convince the Egyptian authorities that the sheep do not represent a threat. But
      Reuter  -  164 words
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      APPOINTMENTS APPOINTMENTS APPOINTMENTS APPOINTMENTS
      187 46 TRANS-LINK Express in Thailand has named Samuel Seong Koon as general manager, succeeding Sim Kian Kiat who acted as deputy managing director and who is returning to Singapore after 1.5 years in this position. Mr Sim becomes the director responsible for relations with the group's affiliated
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      Indian seamen secure 50pc increase in wages
      216 46 AS MANY as 20,000 foreigngoing Indian seamen in Bombay, and some 10,000 in Calcutta, have secured a massive 50 per cent rise in wages. The substantial increase has come under the provisions of a revised National Maritime Board Agreement which will be effective
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      Lock icon New Orleans port posts 7.7 pc rise in 1st quarter
      222 46 Reuter TOTAL cargo handled by the Port of New Orleans during the first quarter rose 7.7 per cent over the same period last year, port officials said. A total of 8.59 million short tons of general and bulk cargo was
      Reuter  -  222 words
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      272 29 BALTIC MADRAS/CALCUTTA SHUTTLE NEXT SAILING VESSEL7VOC M MM &U LEUVE 9124 19/5 24/5 J VESTA Q2N9O 18/5 25/5 CALL: 224 6071 (Sm Pap 13 Column 4). 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
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      26 29 Contam SdMuh 17 CMr Fntffc 1? Mb to Mwrtmrs 3 SMom Mai SNpt m Pwt 17 •Mann Tito 17 WMtar and Sm Condtam 17 WMMyin** t
      26 words
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      196 30 Banking, Finance 8c 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
      196 words
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      2252 31 200 Cintonmtnt Road #12 05 Soutnpcnt Sinppora 0201 Xleiff t«i *****11 telex no rs 2*179 ■rfliiimw terminal/or t«i *****11 220 I D7CCQ 1 BOOKINGS Til *****34 235 pesaka jaroine shipping agencies son. bmd. PORT KELAN6 TEL: 3C841U TELEX NO. MA*****/MA***** a 1,. nnpii PENANG TEL *****4 TELEX NO MA***** CFS
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      1209 31 IMKX 1 TOMJEjjTISERS Page Col P*e Col I A ~1 I M ~l ABC Containerline 13 5 Mac-Nels Agencies 14 1/2 Accord Shpg 8 3-5 Maooline 14 1/2 Albatros Sea-Air 14 5 Madju Sdn Bhd 16 1/2 Alfred CToepfer 15 5 .MacrakUne 3 4/5 Ahrenlud Uner 16 5 Mainfrcight 15
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      2283 31 VMMI Voy ETA I ETO 'Port 1. Slngapof* Kalang DESTINATIONS TK« MM tout* M Cloaing Tlma rnmr by 22/5 o*oo HRS M Farao CFS 21/S IMO HMS M Tauro OAK LQB HOU MEM ATL MIA CHS BAL PHL NYC MOM TOM» LOUIS M 9008 22/5 23« VtH Tv 6 14M
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      1150 32 M ,a W W B T A S K I ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE CARDIGAN BAY 95/557 17/5 12/6 5/6 8/8 4/6 11/6 BERLIN EXPRESS 01/558 18/5 20/5 7/6 9/6 11/6 12/6 14/6 KURAMA 05/560 24/5 19/6 12/6 15/6 11/6 18/6
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      539 32 SOUTH PACIFIC SFBUI^f SIN POM SUV PPT •SLA FLOREANA 30/5 10/6 17/6 23/6 DIRECT CHILE SCRVICF SIN IQQ ANF VAP I SLA FLOREANA 30/5 5/7 6/7 9/7 Alto accepting Cargo to Callao (Peru) AQMHK SINGAPORE; *****96 «i ,av a ITloo BOOKINGS; *****08 V**AYA. 03-*****25 JOHORE: 07-*****2 j PENANG: 04-*****7 NORTHBOUND
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      1348 32 I ramiAasAsm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN CLM ALG BCL FEL HAM BRE ROT ANT LHA jVIA (VIA jgA 1W 22/05 09/06 11/06 13/06 15/06 HfX 17/06 VfS 19/06 /05 79/05 106 19,06 21 23/06 24/06 25/06 2**6 27.06 2S2tf i 2&5» 2J2* 23,06 25,06
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      1519 33 t^n^rs^Man'timeTfoldings Ltd] jt-i> tWWSTRAITS SHIPPING 9mmft to BpimL East Malaysia. Containers Vo, No S'nori PKlanf S ton H'kurj B'iuwiTUn left ACCEPTS DUE SAILS KRLIN EXPRESS 01/W 17« IMB OM* OM* 10m 0M» CARGO CARDIGAN BAY ««7 17» 11/H DM* 97M MAS IMS kurama OS/MO WX iff W 1W Uj« IW
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      1695 33 TO: EUROPE TO: FAR EAST SP IN ROM HAM B'HVN FIX SPORE NK KAO KOB BU HANJIN FELIXSTOWE 007W I*s 10 70 W 1M 110 CMOYANC SUCCESS 000E 2*5 31/5 10 40 70 CHOYANG PARK 001 270 140 150 I*l 110 I*l HANJIN TONCHAE 073E 4 S 7/C l/C 110
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      315 33 SINGAPORE CALCUTTA AND SINGAPORE CHITTAGONG CONVENTIONAL SERVICE EASTERN CAR LINER LTD IS PLEASED TO ANNOUNCE THE LAUNCHING OF OUR NEW~ AND DEDICATED CONVENTIONAL SERVICE TO CALCUTTA AND CHITTAGONG 1 M.V. ASIAN STAR V.No. 113 ETA SPORE 13.6.90 WE WELCOME YOUR ENQUIRY IMLinterixiaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE
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      620 34 A Joint Europe Service Of: P.T. OJAKAIT* LLOYD e F T. fICSOJH LLOYD P.T. SAMUOEJM INOONESIA P.T. WHOM LLOYD CR NBR **********0-0 EXPRESS SEMI-CONTAINEfISNIP SERVICE VSWVOV S'PO*E ROAM/ H'BURG BREMEN ANTWERP ADAM BAAB UUAH/22W8 23-26/5 »|C 4/7 27/ C S/7 U. BONTANCtfIWB W *V W 1/1 2/1 FAST TRANSIT TIME
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      Page 34 Advertisements Column 2
      709 34 HANJIN SHIPPING j FULL CONTAINER SERVICE CMYAHC^ARVMW 0 I %l El\ "v"* i«"* SS^WCCESSOOK art I H"CHEJ A U«IE wi m <*?■!*!* T*** am 26/5 lit Hit 15/6 17/6 I*6 HANJIN TONG HAE 073E 4/6 H BUSAN 101E 291t 1/7 Jf&c«°2L .15 M 0 2 s HANJIN OTTE *°AM Wt
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      1414 34 f 1 T *3 PKL SCP HKC KSG KLC PUS HKT OSK TYO BAL LMV ANW ROM FIX HBG MP I ever golden nn w m ma i* m «s 11* 7/7 vn an I*7 w np m/b EVER CLOSE 21/5 2»/5 4/4 V* W V I EVER GUARO 4*
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      1748 35 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) BOOKINGS/ENQUIRIES: UK/EUROPE SERVICE *****19 AUST/INDIA/PAK SERVICE *****18 K USA SERVICE *****16 FAR EAST SERVICE *****48 m 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 ||HFMVRL/VOY PEN PUG SGP MOTH
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      Page 35 Advertisements Column 2
      1055 35 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 DISCHARGING FROM EAST BOUND LOADING TOR WESTBOUND man WTAg Iswx Itumu huok mm spout woawg mow rtuvtw ntwur wtt unwutr k. cavilov mbi 2i a
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      Page 35 Advertisements Column 3
      111 35 I I IkkdiiUm* MMiKyi (f) fyf fftf If MbCMJLUM itht #14-M MATWOT CSMTM __JL_ Wmpm tIM T«tac MMI 49 T«fc 222 4281 Phc SM 4M ••WKt-SIN VOV ETA SIN ETA JKT HAPAG LLOYD SUMATERA 906 17/5 20/5 PRASETIA 93A 16/5 19/5 PELOPOR 942 19/5 22/5 HAPAG-LLOYD SUMATERA 907 24/5 27/5
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      1089 36 VOY NDO 'PK/PNC [~SGP LB CHLS NFK NYC HFX I I AMBASSADOR BRIDGE 28 14/5 15/5 17/5 9/6 19/6 21/6 23/6 27/6 I NEPTUNE JADE 24 25/5 26/5 24/5 16/6 26/6 28/6 30/6 4/7 I OOCL FAIR 20 28/5 29/5 31/5 23/6 3/7 5/7 7/7 11/7 I RAINBOW BRIDGE 24
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      Page 36 Advertisements Column 2
      656 36 Im■VIMHII HI I A kl I I I |ETD SIN (1 DAY) +I1MV) (IDAY) BOOKING CONTACT I |B mmmal |*»t m^l JACQUELINE 1 TWICEJWKLY I I I r ETD SIN OOAYS) ♦(2 DAYS) ♦(1 DAY) BOOKING CONTACT I*"""" I I—MI r*" n r I I 1 1 JOYCE/JUDY 1 J
      656 words
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      331 36 Continental Pacific tMm S ompping r j TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR BYRON V SM SM Sid SE TEJRDMJ AN T/FLU/UK ARBELA 11/5 a/S 22/5 SETEy* DM/ANT/FLU/UK CRYSTAL B W SETE/ROM/ANT/FLU/UK Loads Sabah/lndonetu MULTIPORT AGENCIES (S) (Hh m LTO I V TIL: *****77 FAX:
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      Page 36 Advertisements Column 4
      603 36 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23, Tetefc Avw Street SINGAPORE 01M 1 (M LINES) Fa*: ***** M (CR No *****SSMW) S2S^EFSLSaSSS^ nßCfc an. snss?"»- «N FU Hutmhi/Fiutau ?43 MM CASABLANCA SERVICE vessel h/mm* m CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA wc cowypmwAi —vm «~r.
      603 words
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      2590 37 gggirff PACIFIC INTERNATIONAL LINES (PTE) LTI ISEESSSSm m m MBI P*- gujjgg. 140 Cec* Street #03-00, Singapore 0106. e~ l -as y& sr.sst 5, t 5 r si? ss s& OOWA 61 SB 21/5 2S/S KOTA SING A 11N It/3 21/9 29/9 IDEN 9014 LI 30/5 KOTi^QA" 00 ST 1!J!
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      Page 37 Advertisements Column 2
      264 37 igjUt MYANMA FIVE STAR UNE V- (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang Pen Bkok PAGAN VIS6W 17/11 MAY HTONEYWA V255W IS/It MAY MYOMA YWA VI2BW 24/31 MAY HPA-AN VISOW vm MAY THE BANK lIMI (A tervice of Andrew Weir Shipping) \l SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I
      264 words
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      714 40 iNrsq^ INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO UNITED KINGDOM NORTH CONTINENT EUROPE j OUTBOUND SIN FIX BRE RDM ANT HBG RST T. WENDA SW 73/5 16/6 16/6 11/6 AMERICAN SEN WFOli W IIJI Sii OK M W 0. GROTEWOHL 4/» U 3M W 2/7 5/7 TAIWAN SEN WFOII
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      Page 40 Advertisements Column 2
      1111 40 VKC CONVINTIOMiU. MKKVK3I Vwml P KLC PNC PC. LM«<«(Nr TONCCHUAN M IMMmltntw, YANGCHUAN 21/4 Rotterdaoi/Antwerp CHINA ruu. comtawh invici "•*wl PKL PNC SPORE BKK HKG SHA QIN LYC "El ME M 27fl 25/3 3U3 4/4 10/4 YANC FANC KOU 125 31/3 29/3 S/4 11/4 11/4 20/4 Aceeptinf FCL Carpo for
      1,111 words
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      Page 40 Advertisements Column 3
      324 40 PNCHKC INC BSN OCEAN CROWN VQII 17 Ha» 1* M "»T 3D HIT SINGAPORE GLORY VOI6 V Hay 2S May H Hiy 4 Jan (Jim RACNA MXB a Hay V Hay S iun Ihm BUSAN aORT VMS 30 May II Hay 9 Jun 11 iwt MALAYSIA GLORY WtS 4 )ua
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      563 40 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS [AFGHANISTAN 1: Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, Mashad, Kushka IRAN Djulfa, Astara ETD SINGAPORE 23/5, 28/5, 3/6 r— 7/6, 9/6, 17/6, 19/6 lE. EUROPE I:To all inland points: Poland, Bulgaria, Czech, Hungary, Romania
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      Page 40 Advertisements Column 5
      520 40 ASEAN PORTS Ngow Hock I m I in > t in M Ivtwa \*h mu*m+ iflriM MAHA BHUM m WH In Pt Fri U/5 MEKHANIK KURAKO WW Thu 17/5 Sun 20/5 SIRI BHUM 447N Fri 11/5 Man 21/5 PITA BHUM 22SN Sun jgj MX 21/5 JIRA BHUM* 00N Tim 22/5
      520 words
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      1192 41 SHS^JRinE^nßSßßirTGENciE^srpT^wr 1 A TEL: *****33 (12 Llnae) 211 FAX: *****15/*****03 Jjj TELEX: RS ***** RISHIP (3 Llnea) Mjr\ ETHIOPIAN MPPMG UNO |r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA I LOADING FOfl SPOWE ANCHNET 19W8 ***** DAAESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOCIOAM ABYOT 21WB 21/08
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      Page 41 Advertisements Column 2
      587 41 tea.P T- MASKAPAI PELAYARAN WpULAU LAUT j FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE -WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OFFPORE. INDONESIA. MALAYSIA 4 THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 MNOAPORC INDONESIA SCRVICI VSL VOY SIN JKT
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      Page 41 Advertisements Column 3
      633 41 irmM BAY OF BENGAL SERVICES MADRAS CALCUTTA VESSELS VOY 116 BAA SHI LEUVE 1124 IJ/5 24/5 U/B LEUVE 1125 M M Hit LEUVE 5124 17/1 1»* 27* LEUVE >127 27* «2/7 li/7 VESSELS/VOY SIN CCU SIN SUPER EIGHT 03N* In PI 23/5 30/5 100 GEN VESTA 02ttW 11/5 tSfi 02/t
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      Page 41 Advertisements Column 4
      362 41 TO AUSTRALIA/NEW ZEALAND |fr— pss]Ssr[ mSS m m m En dh |tp v i Hootc m a* w "57 up pT7 W aaussa 28 JV7 E/7 mm jis iji c wouis "w 5# v g Ig u DATS TO MELBOUftNE! TO USA/CANADA |Tiip)i I W, Ortui |awrtw>Mi |Willi(ilptli |5S imtmmm
      362 words
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      1230 42 I MAC-NEIS SINGAPORE "m«T til T"| ifiiT mTttiioo* TEL: (04) *****6 IKK TEL: (088) *****0 TAWAU TEL: (089) *****9 KELANG TEL: (03) *****771 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 BAHRU TEL: (07) *****2 i siBU TEL: (084) *****2 LABUAN TEL: (087) *****9 X /JAKARTA TEL: (21) *****7 I
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      Page 42 Advertisements Column 2
      422 42 ffgfc blue star line SINGAPORE TO jNEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH 81 PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND. NAPIER. WELLINGTON. BLUFF. CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL. FIJI AND TAHITI SIN N. PIY AUCK ITT PREMIER <*S 21 May 2 Jun Via MM.
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      697 42 /SKI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: 3388S?? Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH *m*L wr leti [kit rasa m Itn Inn KIM SOON LI 20/90E 19 MAY PENANG JENHOL
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      Page 42 Advertisements Column 4
      330 42 w HpßHppipapßpHHiPaHpapHHH (OifSHHB IRANIAN SERVICE ttfpi Loading torIRAN EKRAM II NAY 90 Banter Atta* (NaUMal Um Of Mtxlct) OA NEST CQAST/MEnCS/CBfTUL AMBOCA COHfTMNB SBIVICE HKC L* ENKNADA ICA ROC MAS S.CMJZ MAVANIUO COL MA VS J/S 1* M M 11/1 MONTERREY W llrt 1M 1M 171* 1M Off toluca mi
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      687 43 COMPANIA PERUANA 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. Ptnang* P. Ktlang* Singapore SHAPLAEVERETT 20/22 May 23/25 May ROSEEVERETT 1/3 j„n 4/6 Jun JOHNEVERETT 12/14 jun 15/17 jun "EVERETT ORIENT LINE" JAPAN/BAY
      687 words
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      Page 43 Advertisements Column 2
      652 43 FULL CONTAINER West Coast. CarriMwan.Eatt Canada, HAITI Guatemala antf Honduras VSL [SPORE MAINLINER |LAX |KST [SAV [NYC [HfX LEEWARD 11/5 ZIM KEELUNG ll* 27* 30* 2/7 4/7 2IM MELBOURNE 241S ZIM IBERIA 27* t/7 *7 11/7 13/7 ZIM OSAKA I* ZIM NEW YORK 5(7 14/7 17?7 11/7 21,1 ZIM YOKOHAMA
      652 words
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      688 43 SING KWANG HANGI »"IQ TMAMWOMTADON (PTC) LTD WEEKLY LCL/FCL SERVICE VESSEL SPORE JAKARTA SURABAYA JENLINK 20/5 22/5 JENWEL I 17/5 I I 20/5 VESSEL S PORE BANGKOK A VESSEL "is 5 18-6 A VESSEL 18/5 22/5 DESTINATIONS ETA SINGAPORE PORT KELANG 18 MAY MANILA 21 MAY HONG KONG. ALL CHINA
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      Page 43 Advertisements Column 4
      464 43 to PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA SURABAYA PRASETIA 93A In Port 19/5 PELOPOR 942 19/5 22/5 PRASETIA 95A 23/5 26/5 PELOPOR 943 26/5 29/5 TANTO UTAMA 77 23/5 26/5 TANTO UTAMA 79 30/5 2/6 TANTO UTAMA 81 6/6 9/6 TANTO
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      Page 43 Advertisements Column 5
      368 43 111 FM EAST 20/5 KEELUNG/KAOHSIUNG 20/5 BANGKOK 21/5 MANILA 19/5 JAKARTA 18/5 PORT KELANG/PENANG 18/5 BUSAN 18/5 TOKYO/YOKO/KOBE 21/5 HONG KONG also accepting cargo to Huanrou/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai in Eunortux 19/5 LDN/FLX/LVP/SOU 21/5 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Potand/Bulgaria/Czech. SIN USA/CANADA 18/5 L.A./NYC/SFO 18/5 VANCOUVER/TORONTO/MONTREAL SIN AiSTtAUA/NEW ZEAUM 2/6
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      443 44 SRBIJA 11-20 MAY LDNG FOR BILBAO R OAM BREMEN TBN INPORT HKG/TAIWAN (PROJECTS ONLY) ***** DWT TBN INPORT DIRECTION CONTINENT YICK HING EARLY JUNE HKG, KAO, TAICHUNG HEAVY LIFT VSL POSITIONS AVAILABLE FOR PROJECT CARGOES WORLDWIDE. PLATOU PACIFIC ft\ SHIPPING SERVICES V REGULAR PAR EAST N. AMERICA BREAKBUUt V SERVICE
      443 words
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      Page 44 Advertisements Column 2
      254 44 VSL DESTINATION ETA SIN MEKHANIK KURAKO 09N BANGKOK 17/5 SIR I IHUM 447N BANGKOK 11/5 PIYA BHUM 225N BANGKOK 20-5 •JIRA BHUM ON BANGKOK 22/9 SO ORIENT 21R CEBU. MANILA 25/5 AKA BHUM 20S CEBU. MANILA 11/S O. STRENGTH 23A KARACHI. BOMBAY 25/5 O. SINCERITY 24A KARACHI. BOMBAY 0W JENLINK
      254 words
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      Page 44 Advertisements Column 3
      296 44 Mmadkris 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 25TH MAY MAHILA/BISLIG M.V.'DAGOHOY' 07/90 IST JUNE MANILA general ACT CALSOURCE SHIPPING ft TRADING PTE LTD. O ROBINSON RO. #05-01 AFRO ASIA BLOC S PORE 0101.
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      Page 44 Advertisements Column 4
      293 44 JGF OCERnSEfMCE /S j LCL/FCL SERVICE TO/FROM nara nU: Qf H PENANG —KL: allied-LINK SINGAPORE: /PT^\ XSXr 04-*****2 03-*****85 778 8822(22 linesi TO V MertttOna N*CMeMM CMM MNYMMWV« m Straits Container Agencies (i member of Steamers Maritime Holdings Ltd) WEEKLY CONTAINER FEEQER SERVICE VESSEL VOY SPORE JAKARTA EDEN 9013 16/05
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      Page 44 Advertisements Column 5
      165 44 vessel UN m. DSN MY ALS STRENGTH VOY 12AW 2#A» 08/06 14AM 18/06 ALS ENOtAVOUH VOY 14W 08AM I®AM 24AM SILVER HAPPINESS VOY 15W ISAM 30/06 06/07 Accepting 'FCL' lor Johannesburg AL?TRUST VOY 00E 2S>O4 0&06 HAM 23/06 (808 06/06 OHFU VOY 00E 10/06 16/06 21/06 01AM 10/06 14/06 ALS
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      416 45 TIDES AND WEATHER j TODAY'S TIDES (height in metres) J HOW *****100 0200 0300 0400 0500 MOO 0700 0100 **********M*****3N*****5001M*****M1900 2M 21M 2200 2300 JR 2.3 28 3.0 2.9 2.7 22 16 12 0.9 0.7 0.6 04 10 1.4 1.7 1.9 2.0 1.9 1.7 14 1.3 12 14 14 PP
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  • Page 46 Advertisements
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      Page 46 Advertisements Column 1
      274 46 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 46 Advertisements Column 2
      294 46 ▲HYUNDAI MERCHANT MAWNE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBN OAK SEA FROM PSW LIM OAK SEA HKC SIN HYUNOAI COMMANDER 17E IMB 24/ OS 11/06 1406 17/66 HYUNDAI INNOVATOR 31* 1604 19/D4 22/04 10/05 1705 HYUNDAI PIONEER 32E 2505 3106 1106 2106 2406
      294 words
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      Page 46 Advertisements Column 3
      526 46 Call *****58 or Fax *****82 SINGA PUMP SERVICES PTE LTD REfJtAL AND SIJPPPORT SER .'ICES P p- f. T H. H- T C Ef.'ER3ETJCY RESt c SEP. ICE3 FOR TACKUfi 3 Atii' LiQUlD CARGO FP' Prf H r Tv-s'.' P..~p Rc -v -g C-. r-h p|M v UK/CONTINENT (TRIO) •a*
      526 words