The Business Times, 17 May 1990

Microfilm: NL17018
Total Pages: 54
1 54 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Thursday May 17 1990 75*
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  • NEWS SUMMARY
    • Article
      Germanys to sign draft treaty on union tomorrow
      53 1 EAST and West Germany's finance ministers will sign a draft treaty on monetary and economic union between their countries tomorrow, a Bonn government spokesman said yesterday. Under the treaty, West Germany's currency and its free-market laws will be introduced in the East
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    • Article
      Key to productivity
      24 1 A REPORT released by the National Productivity Board has identified the key to achieving Singapore's long-term productivity growth target Page 2
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    • Article
      Prized ticket
      37 1 jTHE TOP PRIZE for self-taught fashion designer Tan Kok Hoong, who came out tops in Tuesday's Young Fashion Designers Contest, is a ticket to Japan and straight into Osaka's elite ladies' wear market Page 2
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    • Article
      Koreans keen on M'sia
      17 1 MANY South Korean companies are showing interest in investing in Malaysia Page 7
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    • Article
      Suharto makes appeal
      22 1 INDONESIAN President Suharto has called on the world to share his country's burden of preventing environmental damage Page 8
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    • Article
      Fund for German unity
      20 1 WEST GERMANY has decided to earmark USSS7.2 billion for a new "German unity fund" Page 9
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    • Article
      Bid to woo Third World
      25 1 THE US will set up a US$5OO million fund to promote its business interests in the developing world Page 10
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    • Article
      Pianist weaves spell
      22 1 THE AUDIENCE at last weekend's Toronto Symphony Orchestra performance sat spellbound as the pianist weaved his magic Page 15
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    • Article
      NOL unit optimistic
      28 1 NEPTUNE Orient Lines subsidiary Atlantis Engineering Construction expects sales to rise to $50 million this year from $5 million last year. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article, Illustration
      STOCK INDICES
      28 1 Wedaoday Change BT-MGA 771.65 -4.43 Kuala Lumpur ....557.82 -1.92 Hongkong 2,948.89 -16.20 Tokyo 31,967.62 -29.42 Sydney 1,494.5 -J4.0 Taaaday Chaage New York 2,822.45 +0.92 London +2.3
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    • Article
      CURRENCIES
      19 1 Exchange rates USJ SSI.8530 Yen (100) SSl.2171 MmaaMnte 850 6868 Overnight 5 3/4 -1/4 3-month 7 7/8 -1/8
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    • Article
      COMMODITIES
      25 1 I >nrton GoM PM fix US$369.85 +2.10 160.25 Vkg +1.75 M sia June... 228.50*/kg unch KL Tin Turnover 59 tonnes +19 Spot M$l7.l6/kg -0.01
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    • Article
      Dow Jonas higher
      39 1 WALL STREET held steady early yesterday while traders assessed US inflation statistics that came in close to expectations. The Dow Jones average of 30 industrials inched ahead 2.08 to 2,820.37 in the first hour of trading.
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    • Article
      Footsie higher
      48 1 LONDON SHARES were slightly higher at midday yesterday as the market shifted to become more responsive to good news. At about 1110 GMT, the Financial TimesStock Exchange 100-Share Index was up 12.7 points, or O.S per cent, at 2,224.9. Volume at midday was 253.2 million shares.
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    • Article
      Big Shell investment
      33 1 SHELL REFINING Company (FOM) Bhd is investing an estimated MSBSO million over the next five years to upgrade its refining capacity at Port Dickson and in related projects Page 3
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    • Article
      Pegi on buying spree
      37 1 PEGI MALAYSIA Bhd has announced proposals to acquire a 100 per cent stake in Formis Computer Services Sdn Bhd and a 19 per cent stake in Provincial Insurance (M) Sdn Bhd Page 3
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    • Article
      Simex to launch strips
      24 1 SIMEX will start the trading of Eurodollar strips next month to expedite dealing in its Eurodollar futures contracts Page 6
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  • Article
    Big buck deals being done in recycled materials
    400 1  -  By Lee Han Shih DEALS worth a few hundred million dollars are expected to be concluded at the Shan-gri-La Hotel this week by international traders engaging in an unglamorous business the buying and selling of recycled metals, plastics and textiles. Some 730
    400 words
  • Article
    Rights rumour sparks off frantic trading in UIC shares
    399 1  -  By Magdalene Ng UNITED Industrial Corporation, which is close to wrapping up its takeover offer for Singapore Land, is busy examining ways of raising funds to finance the deal. The local stock market was rife with talk yesterday that the predator
    399 words
  • Article, Illustration
    Lock icon Painting sold for record US$ 82.5m
    199 1 Agencies A TOKYO GALLERY, bidding for an unidentified Japanese corporation, paid US$B2.5 million for a portrait by Vincent van Gogh a world record for a painting sold at an auction in New York on Tuesday. The figure surpasses the U5553.9 million record set in
    Agencies  -  199 words
  • Article
    Lock icon Taiwanese dollar's fall may hurt ties with US
    88 1 Reuter THIS WEEK'S plunge of the Taiwanese dollar threatens to fuel inflation and damage the island's trade relations with the US, said bankers and economists in Taipei. The local currency lost almost 4 per cent in a record one-day fall on Tuesday,
    Reuter  -  88 words
  • Article
    Lock icon Seoul to go ahead with reforms in spite of fears
    283 1 Reuter SOUTH KOREA'S worcening trade balance is worrying its economic planners but the government will press ahead with plans to open the country's markets, Deputy Prime Minister Lee Seung-yun said yesterday. "The rapid change in the position of our trade
    Reuter  -  283 words
  • Article
    Lock icon Taipei ready to hold talks with Beijing
    189 1 AFP TAIPEI Ims said that it b opea to talks with Beijiag, recofniaing the reality of two govermaeuta ia Chita for the ftnt time in fbw decades. According to a Taiwanese official yesterday, President Lee Teaf-hai tokl a group of legislators on Taesday
    AFP  -  189 words
  • Article, Illustration
    CMB Packaging picks S'pore as growth base for Asia-Pacific
    424 1  -  By Lim Mui Kho THE CMB Packaging group is to make its Singapore unit the hub of its Asia-Pacific operations and a vehicle for further regional expansion. At a press conference yesterday to announce the name change of Metal Box Singapore
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      262 1 Burberrys 5 -Mfc-sr-i* i '4 > < Keigns when it pours yyv^ ———^—l—i JAPAN'S NEW ROLE 12 NOT BY BREAD ALONE 13 BALL PARTNERSHIP ON A ROLL 17 Adverts** I Marketing 17 Money Changer Rates 35 World News 9, 10 fcrcraft Schedule 35 Money Market 33 World Stock Markets 32
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    • Advertisement
      Page 1 Advertisements Column 2
      5 1 Hock Lock Siew, Pg 3
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    • Advertisement
      Page 1 Advertisements Column 3
      86 1 j BALLY of Switzerland BAMBA SmkAmn* BmMy Singapore Pit Ltd in ■i Think of the thin mist of a 7 shower spraying over your skin. That's what Vitalis pump feels like to your hair. Not only does it coat the hair with the finest film that controls the hair sjgm
      86 words
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  • HOME NEWS
    • Article, Illustration
      Better labour, not just machines, key to growth
      364 2  -  By Shoeb Kagda THE KEY to achieving the stated long-term productivity growth target of 4 per cent lies in upgrading labour skills and management practices, and not in continued capital investments alone. As Singapore's economy matures in the *****, it will be
      364 words
    • Article, Illustration
      Hide and sleek prize in Osaka
      332 2  -  By Suzanne Soh THE best prize for self-taught fashion designer Tan Kok Hoong, who came out tops in Tuesday's Young Fashion Designers Contest, is a ticket to Japan and straight into Osaka's elite ladies' wear market. The 22-year-old Mr Tan, now working with a
      332 words
    • Article
      Ben Foods in joint venture
      158 2 BEN Foods (S) Pte Ltd, a wholly-owned subsidiary of listed food-based conglomerate, QAF Ltd, has entered into a joint venture with Red Lantern Cakes and Supplies Pte Ltd, a family business. It now owns 60 per cent of the new company called Red Lantern Nonya
      158 words
    • Article
      Two win book shop concessions
      159 2 SINGAPORE Book Distributors and The Word Shop have clinched the right to set up book shops in the new passenger Terminal 2 at Changi Airport. The tender was awarded by the Civil Aviation Authority of Singapore for a threeyear period. Other bidders were Times the
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    • NEWS ROUNDUP
      • Article
        Date set for sale of convent site
        78 2 THE Urban Redevelopment Authority (URA) yesterday said sale of the former Convent of the Holy Infant Jesus (CHIJ) site in Victoria Street will be launched on May 24. On the site now stands a former chapel and half a dozen other buildings of
        78 words
      • Article
        Medical symposium
        92 2 A ONE-DAY symposium on military medicine to capitalise on South-east Asia's fast growing healthcare market will be held on Sep 18. The event is part of Medic Asia '90, sti four-day exhibition of hospital and laboratory equipment to* be held at the World Trade Centre from Sep 17.
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      • Article
        Show of electronic components
        96 2 AN international procurement trade show featuring Asean electronic components will be organised by the Singapore Trade Development Board from Nov 7 to 10. Inpro '90, to be held at the Changi International Exhibition and Convention Centre, is aimed at electronics original equipment manufacturers, international procurement offices
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      • Article
        Totem poles for Sentosa
        64 2 KOREAN totem poles, to guard the entrance of Sentosa's Valley of the Spirits against evil, will be presented to the island's development board on Friday morning. The metre high handcrafted Changsung Poles, part of Korean culture and tradition, are the Korean National Tourism Corporation's gift to
        64 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      246 2 iPw *?4tHl I -1 (P***"«» |g|ur ™|#f j 6SB^9i^^ umitcdßisk SP" >j£mr P 1 <Eu.. BlK^Spfs^Sr^aH| n w-' -y^L-r^MBW r We limit the risk you take, not the money you make. The OUB Guaranteed Value Scheme is the months from the (latent purchase Thereby reducing as a vital strata of
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    • Advertisement
      Page 2 Advertisements Column 2
      59 2 r FOR SALE 20 ft Aluminium Reefer Container. 180 units in good working condition. Maker: Nippon Fruehauf m Year: 1977 Reefer Machine: Email ES-5B MK II Available in Port Klang, Singapore, Australia. H Please contact: Kon C. K./ I Anthony Heng I Tel: 02-*****51/*****36 I Fax: *****75 W Telex: RS
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Lock icon Shell to invest M$ 850m to upgrade refining capacity
      414 3 Bernama SHELL REFINING Co (FOM) Bhd is investing an estimated M$BSO million over the next five years to upgrade its refining capacity at Port Dickson and in related projects. According to chairman and chief executive Datuk Chris Knight, some Ms7oo million
      Bernama  -  414 words
    • Article
      Goodwood, Hotel M'sia increase profits
      307 3  -  By Elaine Koh TWO of Khoo Teck Puat's hotels Goodwood Park and Hotel Malaysia have reported much stronger results for the first six months on the back of the booming tourist trade. Goodwood Park more than doubled its group profit, after tax and minorities, to
      307 words
    • Article
      UEM banking on second crossing
      347 3 UNITED ENGINEERS (M) Bhd (UEM) last month submitted a full financial and technical proposal for the construction of a second crossing from Johor to Singapore, and is now awaiting a response from the government. Disclosing this in his annual statement, chairman Tan Sri Radin Soenarno
      347 words
    • Article
      The moral of the Sing Land story — one gets what one deserves
      849 3  - The moral of the Sing Land story one gets what one deserves THE HOCK LOCK SIEW COLUMN By Catherine Ong LONG-SUFFERING minority shareholders of Singapore Land have finally given Mr S P Tao his comeuppance, for a bumbling defence which resulted in the loss of control of the property group
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    • Article
      Lock icon Pegi eyes computer firm and insurance stake
      343 3 Bernama PEGI MALAYSIA Bhd has announced proposals to fully acquire Formis Computer Services Sdn Bhd for MJ74.25 million and a 19 per cent stake in Provincial insurance (M) Sdn Bhd for M 52.88 million. Bumiputra Merchant Bank Bhd (BMBB) said on behalf of
      Bernama  -  343 words
    • Article
      Lock icon Cold Storage (M) profits up
      134 3 Bernama COLD STORAGE (Malaysia) Bhd has raked in better results for the year ended Jan 31, 1990, due to improved marketing and distribution systems and adjusting its selling prices to recover cost increases. During the period, group pre-tax profits improved 56 per cent to M
      Bernama  -  134 words
    • Article
      RDC pays $10.2 m for SAFE Building
      286 3 RESOURCES Development Corporation has bought a nine-storey commercial building in Chin Swee Road from the Sheng-Li group for $10.21 million. The building, known as SAFE Building, has a total net lettable area of 1,992 sq m (21,450 sq ft) on a 1,790-sqm 99-year
      286 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      137 3 Since 1735 there has never been a quartz BLANCPAIN WATCH. AND THERE NEVER WILL BE. Model shown 0033 1418 58 as. BlancpaiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by hand by the individual watchmaker. In all, only four ladies' watches and
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Mitsubishi Electric opens Thai plant
        101 4 Electric Corp, a major Japanese electric mafinery maker, said its joint venture in Thailand will produce rjStary compressors to help meet growing demand for air in South-east Asia. Production started yesterday "Jar a new plant of Siam Compressor Industry Co built at the caem Chabang
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      • Article
        Xion Nathan's interim falls
        111 4 *NEW ZEALAND brewer and retailer Lion Nathan Ltd said a in the company's tax position helped cause a fall in its 1 3ftt profit for the six months to February. "This result was a tax charge of NZ57.96 million which compares to the tax credit of
        111 words
      • Article
        News Corp posts A$ 30.8m loss
        91 4 HEAVY losses by British Sky Television and the Australian pilots' dispute caused Rupert Murdoch's News Corp Ltd to announce a loss of A 530.8 million for the three months to ..March 31. The media giant had registered a profit of A 527.9 after abnormal
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      • Article
        Commonwealth Bank's bonds
        99 4 Bank of Australia plans to issue a second tranche of domestic bonds in the next four weeks after a ASSOO million issue of September 1995 stock was snapped up on Tuesday at 14.54 per cent. Commonwealth's new issue manager, Wayne Hoy, said the stock was the largest
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      • Article
        Kumagai barred from project
        90 4 JAPANESE contractor Kumagai Gumi Co Ltd will not be to participate in a 683-billion-yen Tokyo subway project, a spokesman for the Tokyo Metropolitan Subway utonstruction Corp said. The ban follows the suspension of fjfumagai Gumi from bidding on any public works projects by metropolitan government at
        90 words
    • Article, Illustration
      Lock icon Y K Pao to base Lane Crawford in Bermuda
      421 4 FT SIR YUE-KONG PAO, one of the world's biggest shipowners, has become the first top-ranking Hongkong Chinese tycoon to move the legal domicile of one of his companies out of the British colony when his group on Tuesday announced plans for
      FT  -  421 words
    • Article
      Lock icon Ayala planning major Makati projects
      229 4 Reuter PHILIPPINE real estatebased conglomerate Ayala Corp said in its annual report yesterday that 1989 was a period of high growth and results for the year augur well for the *****. The company earlier reported net profit of 1.24 billion pesos (U5555.2 million) for 1989,
      Reuter  -  229 words
    • Article
      Lock icon M'sia Mining to widen its search for tin
      342 4 Reuter MALAYSIA MINING Corp Bhd is interested in exploring for tin in Brazil, Burma, China, Laos and Vietnam, MMC chairman Nasruddin Mohamed said. He said exploration of new tin reserves would not be confined to Malaysia due to the country's depleting tin
      Reuter  -  342 words
    • Article
      Lock icon Guinness Anchor eyeing Viet market
      170 4 Bernama BREWERY GIANT Guinness Anchor Bhd has identified Vietnam as a future potential export market apart from Hongkong, Thailand and Myanmar. Chairman Peter Banner said in Kuala Lumpur yesterday: "Vietnam's potential is very encouraging as the country intends to develop its tourism industry and the
      Bernama  -  170 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      34 4 H Is your paperwork being sent to upgrade your equipment. m Call us for a demonstration. <** hm >1 For more infonnatiq^^a^^ v JWBf v J p •;f B B s K i B J
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon E Europe facing decade of the bourse
      726 5 Reuter THE 1990s look set to become the decade of the stock exchange in eastern Europe. More than 70 East European finance officials, central bankers and securities experts met in Frankfurt this week to exchange ideas on creating bourses in their countries. Some
      Reuter  -  726 words
    • Article
      Lock icon Daimler chief defends strategy despite stagnant earnings
      426 5 Reuter THE CHAIRMAN of Daim-ler-Benz AG, West Germany's largest company, has pledged that he would stick to a strategy of global diversification despite stagnating profits. Responding to recent criticism in the West German press that the company had expanded too fast and at
      Reuter  -  426 words
    • Article
      Lock icon Thomson, Philips in HDTV venture
      401 5 AFP FRENCH state-owned group Thomson and Dutch group Philips have agreed to invest US$3.6 billion in high-defini-tion television (HDTV) research and development. Announcing a "major first", French Industry Minster Roger Fauroux said the two companies, "which have been rivals for decades", would invest 20 billion
      AFP  -  401 words
    • Article
      Lock icon Polaroid sets up shop in Moscow
      124 5 AP INSTANT photography came to Moscow yesterday with the opening of a new retail shop that will sell Polaroid cameras to Soviets for rubles. The cameras, assembled at a Soviet plant from Polaroid components, will sell for 250 rubles (US$4O5), with instant film going
      AP  -  124 words
    • Article
      Lock icon BP chief denies talk of any major acquisition
      119 5 Reuter BRITISH Petroleum Co pk chairman Robert Horton has put to rest rumours that BP was planning to make a major acquisition in the near future, citing an already full slate of producing properties. "We are fully occupied developing areas we have
      Reuter  -  119 words
    • Article
      Hanson's net cash balance rises to £6.37b
      74 5 HANSON PLC laid it had a net cash balance of £6.37 billion as at March 31, 1990. The company had net cash of £5.27 billion on Sep 30, 1989, its last financial year-end. Executive chairman Lord Hanson said the company had substantial borrowing
      74 words
    • Article
      Blue Circle buys Aalborg stake
      83 5 BRITISH building materials group Blue Circle Industries pic said it is buying SO per cent of Aataxg Portland Cement's cement business for 980 million Danish crowns (£93 J million) in cash. Aafcoig Portland is Denmark's only cement maker, and a Blue Circle statement said besides
      83 words
    • Article
      Dan-Air owner in takeover talks
      73 5 DA VIES A NEWMAN Holdings pic, owner of airline operator Dan-Air Services Ltd, said it is in discussions with a number of parties which may or may not lead to an oßk being made for the company. A Da vies A Newman statement said this
      73 words
    • Article
      Grand Met profit up 36pc
      101 5 UK BREWING to buijen group Grand Metropolitan pic's 36 per cent rite in half-year profits induded an unexpectedly huge exceptional gain and underlying trading failed to live qp to the market's high hopes. The market's fnpectafions were pretty high and Grand Met has not quite
      101 words
    • Article
      Perkin-Elmer joint venture
      87 5 PERKIN-ELMER Corp said it has agreed to spin off jts optical lithography unit into a joint venture with Silicon Valley Group Inc in a move analysts said will save a crown jewel of the US computer industry. Talks last year with a Japanese firm had ignited a
      87 words
    • Article
      Warnaco staff in buy-out move
      75 5 WARNACO Inc, one of the largest brand name appasel companies, announced that its management would buy Ml the company's Activewear division for US$B5 million. Warnaco will keep 5 per cent in the new company, which is expected to be called Speedo-Activewear Inc. With headquarters in
      75 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      91 5 SINGAPORE LAND LIMITED CLOSING OF THE UIC OFFERS Shareholders and Warrant Holders are reminded that the UIC takeover Offers will close at 5.00pm on Friday 18th May, 1990 and will not remain open for acceptance beyond that time. The directors of Singapore Land (including those who have delegated detailed supervision
      91 words
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      Page 5 Advertisements Column 2
      35 5 m»' ."--v h >• X *«You can fly KLM to 140 destinatbns i n77 lit m I -f T 4 -a*-'. That's the four corners I of the earth." j ,K|^ T,y ->'''i f V r,
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        DBS Bank raises its savings rates again
        88 6 l*Bs BANK has raised its savings rates again, less than a after its last adjustments. From today, those who place $:WX)O and above in its savings and Autosave accounts will quarter percentage point more. Deposits of $3,000 to 550,000 will now get 3.5
        88 words
      • Article
        Indon bank taps Asian $ market
        59 6 Indon bank taps Asian market INDONESIA'S Bank Umum Nasional, which is going for pifHic listing next month, is raising US$2O million in the Asian dollar market. The bank is using the proceeds to finance the export activities of its clients. The loan was arranged by the Singapore-based merchant bank Asean
        59 words
      • Article
        Venture to lease used aircraft
        67 6 BELGIUM'S Banque Bruxelles Lambert (BBL) and International Aircraft Services (lAS) of Ireland have agreed to set up a'jdint venture to buy and lease airliners worth up to US$5OO million. lAS spokesman John Browne told a news conference that the new company, Airlease Finance Ltd, would
        67 words
      • Article
        Bank of Japan buys T-bills
        44 6 ItHJE BANK of Japan said it has bought 300 billion yen in Treasury bills through repurchase agreements starting on May 18 and maturing June 20. The operation followed a central bank purchase of 900 billion yen in discount bills.
        44 words
    • Article
      Real-time data from Reuters
      121 6 REUTERS Singapore has launched a new information service, Money 2000, which gives 24-hour real-time data from global foreign exchange and money markets. Unlike the current Reuters Monitor, which gives information page by page, Money 2000 provides up to 10 groups of real-time information. In a statement
      121 words
    • Article
      Eurodollar strips to make Simex debut next month
      344 6  -  By Quak Hiang Whai THE SINGAPORE International Monetary Exchange (Simex) will start trading of Eurodollar strips next month to expedite dealing in Eurodollar futures contracts. The strips will widen the scope for trading in Eurodollar futures contracts and simplify trade orders during
      344 words
    • Article
      Lock icon Bundesbank to have full control: paper
      350 6 AFP THE BUNDESBANK will have full powers over monetary matters in East Germany as it had wished, according to a text of the inter-German treaty published in the West German press on Tuesday. The West German central bank "will exercise the authority which has
      AFP  -  350 words
    • Article
      Lock icon Japanese banks poised to move into broking business
      469 6 AFP DEREGULATION of Japan's financial markets is picking up steam, as banks are poised to move within one or two years into trading activities long reserved for brokerage houses. A preliminary report by the Finance Ministry laying down the guidelines for the
      AFP  -  469 words
    • Article
      Lock icon Tokyo doubles insurance premium on Soviet trade
      238 6 NYT IN THE WAKE of repeated delays in payments by Soviet industries to Japanese exporters, Japan's Ministry of International Trade and Industry (Miti) has doubled the premiums charged to Japanese firms on governmentbacked insurance policies covering trade with the Soviet Union. The higher
      NYT  -  238 words
    • Article
      Lock icon AMDB still keen on First Malaysia Finance
      221 6 Bernama ARAB-MALAYSIAN Development Bhd (AMDB) is still interested in acquiring First Malaysia Finance Bhd, one of the ailing financial institutions under Bank Negara's supervision. "As a financial institution, it is natural that we (ArabMalaysian Finance Bhd) would like to be given the chance
      Bernama  -  221 words
    • Article
      Lock icon East bloc buying spree boosts political risk insurance
      310 6 Reuter AS THE CHANGES in Eastern Europe spur governments there to go on an import spending spree, worries among Western companies over payment have boosted the market for political risk insurance. Political risk insurance provides coverage to companies that do business with
      Reuter  -  310 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      129 6 IT m BUsm 1 I Me" #r.. m I ROLAND MAZERE TRUFFLES WITH A NEW A LA CARTE MENU. u J j.-v •J r a lilip IS!®© iitSl fll ipu .To TRUFaE YOUR fWATE STIU MORE! S«*XIR Mo«£ MA2ERE MAGIC WITH NEW DISHES-WMIM GOOSE UVER WITH •AND CORN PANOSE; EXOTIC
      129 words
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      Page 6 Advertisements Column 2
      192 6 NOTICE 2 QIJ IN THE MATTER Of THE COMPANIES ACT. CAP. 50 4•, AND LEONG ANN KEE COMPANY r) PRIVATE LIMITED t lit ftAAaMkkAJW V i I. i |ln MVmDCrB fOlUHliry Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306 (2) of th« Companies Act. Cap. 50. that the Final
      192 words
  • Page 6 Miscellaneous
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  • THE REGION 1
    • Article
      Bangkok developers must pay for power sources
      240 7 INVESTORS in Bangkok will be asked to absorb the cost of electrical services when they launch large development projects such as condominiums, department stores, hotels or large construction projects, Metropolitan Electricity Authority (MEA) governor Anan Atilaksana has said. The policy had been adopted
      240 words
    • Article
      Fairness to landowners urged
      139 7 THE Speaker of the Indonesian House of Representatives/People's Consultative Assembly (DPR/MPR) says the government must ensure landowners are not made to sufTer losses when development requiring land clearance is being carried out. Mr M Khans Suhud made the appeal on Monday when addressing the opening of
      139 words
    • Article, Illustration
      Lock icon Rafidah gives assurance over Taiwanese inflow
      155 7 Bernama CHINA'S efforts to woo Taiwanese investors to its shores will not affect Malaysia's missions to attract Taiwanese firms, Trade and Industry Minister Datuk Paduka Rafidah Aziz said on Tuesday. She said the number of Taiwanese firms investing in Malaysia and the value of
      Bernama  -  155 words
    • Article, Illustration
      Lock icon Decision on US bases draws mixed response
      336 7 AFP THE PHILIPPINE government's decision to end its bases agreement with the US in September 1991 has drawn enthusiastic domestic support, but sceptics said the cheering might be premature. The Philippine panel in exploratory talks in Manila on the bases' future on Tuesday
      AFP  -  336 words
    • Article
      Lock icon Sihanouk hits out at Vietnamese accusations
      327 7 AFP PRINCE Norodom Sihanouk has hit out at Vietnam following accusations by Hanoi that his rejection of a meeting with Vietnam-installed Cambodian Prime Minister Hun Sen could turn into a major blunder. In a statement circulated in Bangkok yesterday, the Cambodian prince, whose followers
      AFP  -  327 words
    • Article
      Lock icon S Korean firms eye Malaysia
      376 7 Bernama MALAYSIA can expect more investments from South Korean companies as many of them are beginning to find out about its favourable investment climate. The manager of the Korea Trade Centre in Kuala Lumpur, Youn Jae-Chun, said on Tuesday that in the past 10 years,
      Bernama  -  376 words
    • Article
      Lock icon KL provides incentives for companies to expand
      298 7 NST THE Malaysian government has agreed to award pioneer status or investment tax allowance to new companies set up by existing firms which now enjoy these incentives provided they meet certain criteria. Trade and Industry Minister Datuk Seri Rafidah Aziz said the move
      NST  -  298 words
    • NOTE BOOK
      • Article
        Lock icon Rangoon lifts martial law
        64 7 AFP BURMA'S military government has lifted martial law in 11 townships in the country's centre, the state-run Rangoon Radio said in a report monitored in Bangkok. The order was issued on Tuesday by the State Law and Order Restoration Council, the official name of the military
        AFP  -  64 words
      • Article
        Lock icon Proton rolls out 200,000 th car
        66 7 Bernama MALAYSIAN car manufacturer, Perusahaan Otomobil Nasional Sdn Bhd (Proton), assembled its 200,000 th Proton Saga yesterday, a company statement in Kuala Lumpur said on Tuesday. The Proton began its commercial launch on July 9, 1985. Of its total production of 63,800 units last
        Bernama  -  66 words
      • Article
        Lock icon Hanoi denies US charges
        65 7 AFP HANOI has rejected American allegations that Vietnamese are fighting alongside Phnom Penh government troops in Cambodia, and accused Washington of hostility towards Vietnam. "The statements do not reflect the real situation," the official Nhan Dan daily said of the charges made on Monday in Bangkok
        AFP  -  65 words
      • Article
        Lock icon US-Laotian talks
        50 7 Reuter UNITED STATES Assistant Secretary of State Richard Solomon and Laotian officials have discussed ways to combat the heroin trade, Radio Vientiane said. The US delegation on Monday and Tuesday also discussed improving trade and other relations, Radio Vientiane said in a report monitored in Bangkok yesterday. Reuter
        Reuter  -  50 words
      • Article
        Lock icon Celebrations in Johor
        88 7 Bernama THE Johor State Economic Development Corporation has lined up several activities for its 20th anniversary celebrations. The highlight will be the painting of a 500 m long batik work which will be submitted for entry in the Guiness Book of Records. The record for the world's
        Bernama  -  88 words
    • Article
      Lock icon Special Thai unit to tackle crime wave in provinces
      274 8 AFP THAI Prime Minister Chatichai Choonhavan has announced that he will set up a special unit to crack down on gangs threatening booming economic growth in the country's eastern seaboard provinces. He told a Cabinet meeting on Tuesday that development along
      AFP  -  274 words
    • Article
      Lock icon Suharto calls for foreign aid to replant forests
      499 8 AFP INDONESIAN President Suharto said yesterday that Indonesia has been doing its best to prevent environmental damage, including to its tropical forests, but called on the world to share the burden by providing direct aid. "I call on the international community in
      AFP  -  499 words
    • Article, Illustration
      Lock icon Hanoi cites humanitarian reasons for freeing American
      248 8 AFP THE HO CHI MINH City authorities have freed US businessman Michael Morrow after three weeks of detention "for humanitarian reasons", the official Vietnamese News Agency (VNA) said yesterday. VNA said Mr Morrow was detained for "activities harmful to Vietnamese national security", but
      AFP  -  248 words
    • Article
      Lock icon Malaysian economists hail G-15 summit
      361 8 Bernama THE forthcoming G-15 summit will act as a useful "launching pad" to promote economic cooperation among developing countries and prepare them for the challenges following recent developments in the world. Several Malaysian economists also feel that the formation of the group is long over-due
      Bernama  -  361 words
    • Article
      Lock icon M'sian financial institutions urged to upgrade services
      395 8 Bernama FINANCIAL institutions will have to adjust innovaiively and respond more dynamically to upgrade their expertise and provide a more flexible range of financial instruments to meet the expanding requirements of entrepreneurs in the *****, Deputy Finance Minister Datuk Haji Wan Abu Bakar
      Bernama  -  395 words
  • Page 7 Advertisements
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      269 7 EVERYTHING'S AUTO/ An exciting car accessory from Hertz that makes most things automatic. AUTO NAVIGATION AUTO PARKING <j, ulu 1 I Xr > r M i" lr Q" ir i r n l t BIJ A Q a N\ N i i- JJL c/ j i- 1 -—'J i w
      269 words
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      175 8 matters how you INL. {T get there... Imf U The Bth S.E. Asian International Building Exposition #fA H| I®/19 May 1990. Halls 4& 5. World Trade Centre, Singapore Just be there! Close to US$l55 billion will be spent in technology to help you keep your projects more ASEAN on major
      175 words
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      Page 8 Advertisements Column 2
      197 8 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, Is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's
      197 words
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  • THE WORLD 1
    • Article
      Lock icon Fund to finance German union
      337 9 AP WEST GERMANY'S federal and state governments have decided to earmark 9S billion deutschemarks (U5557.2 billion) over four-and-a-half years for a new "German unity fund", government sources said in Bonn. The fund was set up on Tuesday to finance the cost of German unity and
      AP  -  337 words
    • Article
      Lock icon Teheran paper sees possible resolution a of dispute with US
      250 9 AFP -THE RECENT settlement of small US claims against Iran may be a first step towards "the resolution of an 11-year old, multi-billion-dollar dispute between the two countries, the Tehran Times said in a commentary yesterday. But the state-run, Englishlanguage
      AFP  -  250 words
    • Article
      Lock icon Canadian expectations
      96 9 Reuter CANADA is expected to ani nounce a slight improvement in its March trade surplus but no decline in April inflation in reports due this week. The volatile merchandise trade surplus is expected to rise to between US$3OO mil- lion and US$55O million from US$264 million in Feb-
      Reuter  -  96 words
    • Article, Illustration
      Lock icon Baker to hold talks with Mubarak in Moscow
      293 9 Reuter US SECRETARY of State James Baker was scheduled to meet Egyptian President Hosni Mubarak in Moscow yesterday before turning his attention to the main purpose of his visit to the Soviet capital an attempt to clinch a crucial arms deal. Mr
      Reuter  -  293 words
    • Article
      Lock icon De Klerk urges EC to review sanctions policy
      279 9 AFP SOUTH AFRICAN President Frederick de Klerk, who is touring West European capitals, has called on the European Community to reassess its stance on economic sanctions against his country. Speaking at the end of a two-day stay in Lisbon on Tuesday, Mr
      AFP  -  279 words
    • WORLD WATCH
      • Article
        Moscow not taking part in current Gatt talks
        78 9 THE SOVIET UNION will not join in the worldwide talks due to be completed this year, a US State Department spokesman said on Tuesday. He added, however, that Washington had changed its view and would no longer objedt tp Moscow becoming an
        78 words
      • Article
        Drop in machinery orders
        86 9 NEW MACHINERY ORDERS received by Japanese manufacturers in March totalled 1.7 trillion yen (US$ll.7 billion), a drop of 13.5 per cent from February. A Japanese Economic Planning Agency official said in Tokyo on Tuesday that "a decline at the end of a fiscal year bears testimony
        86 words
      • Article
        Roh to go ahead with Tokyo trip
        102 9 SOUTH KOREAN President Roh Tae-woo will push ahead with his visit to Japan in spite of an escalating diplomatic row over Seoul's request for a clear-cut apology for Japan's colonial rule of Korea. After announcing a 17-member official entourage for Mr Roh's three-day
        102 words
      • Article
        Menem rules out price controls:
        61 9 ARGENTINIAN PRESIDENT Carlos Menem has said that price controls will not be imposed and warned that imp Oft restrictions will be relaxed, if needed, to hold down rising prices of basic food products. He said in Buenos Aires on Tuesday that the government "will open
        61 words
      • Article
        Latvia firm on independence
        97 9 LATVIA will not go back on its declaration of independence, Latvian parliamentary vice-president and Popular Front pees-. ident Dainis Ivans said on Tuesday in Riga. A Latvian Supreme Council (Parliament) spokesman said that Mr Ivans, told a press conference that Parliament for the time being was
        97 words
      • Article
        Pretoria drops homeland plan
        68 9 SOUTH AFRICA'S white government threw overboard a piece of apartheid ideology on Tuesday, saying it had given up trying to turn its six self-governing blade homelands info independent countries. Development Aid Minister Stoffel van der Merwe told Parliament that independence was no longer considered a worthwhile
        68 words
    • Article
      Lock icon New move against Tokyo bid riggers
      347 10 Asahi JAPAN will take stronger measures from June 1 against firms found guilty of rigging bids for public projects, a widespread practice called "dango", in response to US complaints, a Construction Ministry spokesman said on Monday. But the new measures fall far short of
      Asahi  -  347 words
    • Article
      Lock icon Japanese firms show interest in Brazil
      110 10 AFP JAPANESE INVESTORS who shunned Brazil for six years fearing an unstable economy, high worker turnover and urban violence have shown renewed interest. Hatiro Shimomoto, a member of the right-wing Social Democratic Party, said in Sao Paulo on Tuesday that many of the Japanese
      AFP  -  110 words
    • Article
      Lock icon China pulls out of plane deal with US
      180 10 Reuter CHINA has pulled out of a US$5O2 million deal under which the US had agreed to help modernise 55 Chinese F-8 fighter jets, the US Defence Department said on Tuesday. Cancellation of the deal with Grumman Corp to provide new cockpit
      Reuter  -  180 words
    • Article, Illustration
      Lock icon Democrat issues warning on budget talks
      336 10 AP US HOUSE Majority Leader Richard Gephardt, who will head Democratic participants in top-level budget negotiations with the Bush administration, said on Tuesday that the talks will fail if participants use them to seek political gains. "If everybody tries to politicise this, nothing will
      AP  -  336 words
    • Article
      Lock icon US sets up US$ 500m fund to win business
      353 10 Reuter THE US said on Tuesday that it will go on the offensive against rich nations that use aid to promote their own business interests in the developing world by setting up a US$5OO million fund of its own to do
      Reuter  -  353 words
    • Article
      Lock icon Strike paralyses Indian banks
      177 10 Reuter MORE than 500,000 bank employees brought India's banking services to a virtual standstill on Tuesday with a one-4ay strike to press wage and other demands. Scores of protesters gathered outside most banks across the country and raised placards demanding higher wages, better medical benefits aid
      Reuter  -  177 words
    • Article
      Lock icon Labour unveils election platform
      194 10 Reuter BRITAIN'S opposition Labour Party, launching a campaign to break Prime Minister Margaret Thatcher's grip on power, has pledged to put the fight against inflation at the centre of its economic strategy. In a policy document aimed at capturing the middle ground of British politics, it
      Reuter  -  194 words
  • Page 9 Advertisements
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      88 9 Because we fly non-stop from Bangkok to Amsterdam, Athens, Copenhagen, Frankfurt, London K Rome, Stockholm and Zurich, it's not only our excellent service that gives an impression that long flights are shorter They are shorter' PASSENGER I jfII h F1 lIUH vV For further information contact your travel ajent or
      88 words
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      46 10 ■w AL K S IN| I Hk: B ■I m H :1~ SPRING/SUMMER '90 lyWflffß BOUTIQUES: SINGAPORE: Shaw Centre #01-028 Tangs Level 1. KUALA LUMPUR: Kuala Lumpur Hilton Main Lobby ■■HttAABAj Arcade. Shangri-La Hotel Shopping Arcade. JAKARTA: •IL Primo Plaza Indonesia Ratu Plaza Duta Merlin Melawai.
      46 words
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      58 11 19 fjf 1 au-mgrn Jwnidfit If you're flying to France, why wait 'till you get there before you start getting into the mood? UTA, the French Airline, departs Changi every Tuesday and Friday, laden with French cuisine, French wines, French stewardesses, and intelligent Singaporeans. It's a non-stop flight, so you
      58 words
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  • Article
    Accountants on right path
    461 12 EDITORIAL IF SOME ACCOUNTANTS have their way, the day should come when an accounting firm houses under its roof proionals of several genres not only auditors and tax consultants, but specialists from actuaries and architects to solicitors and systems analysts. This diversification to an expanded, multi-disciplinary
    461 words
  • WHAT THE OTHERS SAY
    • Article
      Over to the emperor?
      225 12 SOUTH KOREA and Japan are feuding again over whether or not the Japanese emperor should apologise for his country's 35-year occupation of Korea. The Japanese do not mind Emperor Akihito repeating his father's words six years ago that it was "regrettable that there was an unfortunate
      225 words
    • Article
      A dream shattered
      121 12 THIS WEEK, after commemorating the 15th anniversary of the fall of Saigon, Vietnamese will celebrate the centennial of the birth of their founding father, Ho Chi Minh. His dream: a unified and progressive Indochina under communism. Today, that dream has yet to be fulfilled. Vietnam's economy is
      121 words
    • Article
      Base talks, high stakes
      160 12 THE OUTCOME of talks on the future of US bases in the Philippines has implications for the region as a whole. On the one hand, America's continuing presence will provide stability in the Pacific region. On the other hand, it has also to take into account
      160 words
  • REGIONAL VIEWPOINTS
    • Article
      Freedom of information
      138 12 YESTERDAY'S unprecedented gathering of the country's journalists should leave no doubt in Premier Chatichai Choonhavan's mind that the call to repeal Decree 42 can no longer be a political football to be passed back and forth between Government House and the Interior Ministry. The issue is very
      138 words
    • Article
      Putting things right
      233 12 TO SOME, the Sinthorn Building which houses the Securities Exchange of Thailand (SET) presents the image of a legalised gambling palace in the heart of Bangkok; to others, it is an exclusive club where people with vast amounts of money and influential friends go to make more
      233 words
    • Article
      East in need
      172 12 COORDINATING Minister for Political and Security Affairs Sudomo seems to have a liking for trying to simplify what appear to be complex clusters of problems, and for coming up with suggestions that are practical and relatively easy to apply. During a recent visit to the province of
      172 words
  • Article, Illustration
    Lock icon Role of samurai
    758 12  -  Changing perceptions of the Soviet threat are casting new light on Japan's defence forces, writes Kiyofuku Chuma Kiyofuku Chuma Asahi THE BASIC American post-war strategy to contain the Soviet Union is swaying in the winds of change in Europe. Such winds are also being felt in Japan,
    Asahi  -  758 words
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      225 12 I i r Global Strategies Supplement 1990 f '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
      225 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      52 12 POONESBURY ICAN7BEUEYEHOWAU- ZZZ HOUJ EXOTIAkSi AUNTMILUE IVLIKE rrnmNfCß OMUNG&RLI 6ROPJN UP YOU LOOK NOW! iWATABK&HT YOU 70 MEET PHIL-. OF YOU 70 IUOUMTTHME AND YOUR. MOTHER. TELLS ME WHY FUTURE' COME. AUNT MIfSEPrrfVR YOUVE STARJEP YOUR VERY Znjje Ml MM MEAD HI, PHIL! YOU'RE MILLIE' THEtUORU?f OWN COMPANY' WUK A
      52 words
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  • ANALYSIS
    • Article, Illustration
      Not by bread alone...
      889 13  -  What new tack is Singapore adopting in attracting Japanese investors as well as in penetrating the Japanese markets? Loh Hui Yin reports from Tokyo Loh Hui Yin MR PHILIP Yeo was in a particular* hurry the morning he was leaving Tokyo at the end of an
      889 words
    • Article
      The Canadians are coming, too
      544 13  -  In Vancouver, Stuart McNish senses a growing interest in the Lion City Stuart Mc Nish ON A CLEAR spring evening last week, about 150 business people gathered in the Ming Court Hotel in Vancouver to discuss the idea of increasing trade with Singapore. They came
      544 words
    • Article, Illustration
      Get your foot in the door, S'pore firms told
      990 13 ONE DAY it was to help a shipping mission promote Singapore's port facilities. The next, it was to interest Japanese diamond importers on buying those stones from the Republic. Yet on another day, it could be the putting across of a
      990 words
  • Page 13 Advertisements
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      197 13 I I y/-</J«rV»P I 0, i g HjbP ■r A\ »|)a|« >JM^^m %:|fl^ £JM I raTMi nßfrr^'\mw ir m t'Afl Chronograph GP 4<X)O tCHmpco) For nearly 200 years, the watches and movements that bear our name have always been exceptional creations. The new GP 4900 takes its rightful place at
      197 words
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      993 14 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by word-of-mouth. mt V For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585
      993 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      727 14 TELEVISION AND RADIO mmm? am>* mii* ii »■■■■■■■■■■■—————mjuum_«».-_ _uminiinjj« n~m —rTtrrm———g—— m_. u i 11 —ww——i—HT— m Tir»Hir»n fVio iSSSET •rnmmmm llCKling ine ivories s rsrs"ru, s s.—-.«»o. skst-" SSISSKSS fIMTITII'ViJI MTZTfIHH ChSe) NUCICar <SeC 12.20 AM Feature Special Purple J* J? 5.30pm, 3.25 am: Financial News ayjaS*lll tmHi['JLnoca n,
      727 words
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  • LIFESTYLE
    • Article, Illustration
      A spell of cosy intimacy
      791 15  -  P Y Van reviews the Toronto Symphony Orchestra's performance last Sunday P Y Van AS PART of its Pacific Rim Tour, the Toronto Symphony Orchestra gave a performance at the Kallang Theatre last Sunday. Gunther Herbig, the music director designate, led the orchestra through a
      791 words
    • Article
      No concert in Sweden for Ray Charles
      265 15 RAY CHARLES has been banned from performing two concerts in Sweden in July because his name is on a United Nations blacklist of artists who have performed in South Africa in the past, a reliable source said in Stockholm on Tuesday. Ray Charles
      265 words
  • Page 15 Advertisements
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      225 15 AND ENTERTAIN The Happiest Hours In Town. happy hours spm to IPM 1 DAILY OPENING t HOURS '<«**>_ aEtiTC-r lIAM TO LAM. Happy Hours at The Fountain Lounge means enjoying a complimentary drink with every one you order. Plus, 25% off bottle purchases. There's great live music too. A®. Century
      225 words
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      Page 15 Advertisements Column 2
      440 15 NOTICE NOTICE IS HEREBY GIVEN that, I, MDM ANG AH KOK of Hk 865, Ylahun St «1, #09-03, Singapsra 177S haw appHad tor RataM Boar Shop Uconco in mpwl of pramiooa of M/i HONEYBELL MINIMARKET ENTERPRISE at B* 79, Too Payoh Control, #01-75, Slngoporo 1231, and thot this application wM
      440 words
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      Page 15 Advertisements Column 3
      163 15 If you're looking for a superb lunch in a quiet, pleasant ambience, come for our Business Banquet. Begin with our appetizer buffet that includes fresh oysters, salmon and pate. Then choose from 4 main courses daily, with U.S. Beef Tenderloin and Prawns with Crab Meat among others. Round off a
      163 words
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      Page 15 Advertisements Column 4
      320 15 TDr\II/ A Restaurant and I Ivv/1 IV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUtSJNE Troika Specialities Shashlik a la Troika Borshch Baked Alaska Fashion Show Every Monday Friday at 1.15pm Restaurant Hours Mondays to Saturdays Hoa n-MtamtolJOpm 6.30pm to 2-00 am Mondays to Sundays TeL *****22 iJOpm to 10.00pm Fax:
      320 words
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  • SPORTS
    • SIDE LINES
      • Article
        Pistons make it to conference finals
        120 16 THE DfcKoit Pistons reached conference finals for the fourth consecutive year as Mark Aguirre scored 25 points in a 95-84 victory, that eliminated the New York Knicks in five games. The Pislpns, bidding to repeat as US National Basketball Associate champions, will meet the
        120 words
      • Article
        Los Angeles Lakers foiled
        90 16 THE fWoenix Suns kept the Los Angeles Lakers from reaching the "Western Conference basketball finals for the first time since 19# 1 Tuesday night, rallying from a 15-point deficit for a victory. Kevin Johnson scored 37 points, including 14 in the final quarter, as the Suns
        90 words
      • Article
        Pryor's return in greater doubt
        142 16 THE status of former champion Aaron Pryor's already controversial return to US boxing has became more uncertain on Tuesday when it was learned his promoter may not have met ail of the state's requirements. Documents obtained by The Associated Press indicated a boxing promoter must
        142 words
      • Article
        Genii Littler honoured
        85 16 GENE LITTLER, the 1961 US Open champion and seventime Ryder Cup team member, and three other golfers have been elected to the Professional Golf Association World Golf Hall of Fame. Joining Littler in the Hall will be Bill Campbell, a past president of the US Golf Association,
        85 words
      • Article
        Giovannetti wins Tour of Spain
        88 16 MARCP.GIOVANNETTI of Italy maintained his one minute and 28 second lead over the final leg on Tuesday and won the thc-45th Tour of Spain cycling race, a 22-day competition over 3,698 km. Giovannetti, 28, is only the fourth Italian to win tbo prestigious Vuelta, as
        88 words
      • Article
        Club puts back Aliysa hearing
        83 16 BRITAIN'S Jockey Club, which is conducting an inquiry after the 19%9 Oaks Gassic winner Aliysa failed a dope test, has put bijpk, the hearing by nearly two months. The club's disciplinary committee on Tuesday agreed to grant an adjournment to the inquiry originally planned for
        83 words
    • Article
      Volvo/SAS Cup awaits the amateur golfer
      396 16  -  By A Surendren AMATEUR GOLFERS out there have a competition in which to gun for glory. The Volvo/SAS Cup will be your chance to actually play in real comradely, yet competitive spirit in a top-notch event. The top 10 golfers in Singapore will play
      396 words
    • Article
      Lock icon Panel names pick of the great World Cup matches
      249 16 AP WEST GERMANY'S 3-2 victory over Hungary in 1952 has been selected by a panel of sports journalists as the biggest upset in a World Cup soccer final. Helmut Rahn scored twice in that game, which also was selected as West
      AP  -  249 words
    • Article
      Lock icon E German federation rapped
      236 16 AP THE East German Sports Federation is in danger of losing lavish state subsidies in the wake of criticism that it has not kept up with political change, the East German minister for sports said on Tuesday. Minister Cordula Schubert accused the sports federation (DTSB) of
      AP  -  236 words
    • Article
      Lock icon Steffi Graf opens defence with win over Paz
      158 16 AP STEFFI GRAF, playing in front of East German fans for the first time, opened defence of her German Open title on Tuesday with a 6-1, 6-2 victory over Mercedez Paz of Argentina. Graf, the No 1 player in the world who
      AP  -  158 words
    • Article, Illustration
      Lock icon Mancini and Chang face moment of truth
      278 16 AP FRENCH Open winner Michael Chang and defending Italian Open champion Alberto Mancini are discovering that success is sometimes a very hard act to follow. "I think everyone compares everything I do to the French Open," Chang said on Tuesday after losing his
      AP  -  278 words
  • Page 16 Advertisements
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      96 16 n M In Bangkok j where else but the Shangri-La. Famous for its A» central location on the banks of the Chao Phraya. Celebrated for its international cuisine. The Shangri-La. Recognised as one of the worlds leading hotels. 1 Shongri La hotel BANGKOK A SHANCKI LA INTERNATIONAL HOTEL SHANGRI-LA HOUI.
      96 words
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  • FOCUS
    • Article
      Cover girl version for UOB annual report
      163 17 SHAREHOLDERS of the United Overseas Bank Group will get a glimpse of the UOB woman on one of the five covers designed for the group's latest annual report. Reflecting one of the group's target markets and an aspect of its customer service philosophy,
      163 words
    • Article, Illustration
      The Ball Partnership is on a roll
      522 17  -  ADVERTISING I MARKETING I By Cliire Leow FOUR years after its inception, ad agency The Ball Partnership (TBP) is poised to take in profits for the first time this year. This is in contrast to the days in 1985 when TBP, then known
      522 words
    • Article
      COPY LINES
      189 17 THE local ad industry will hold its next "Oscar" night on March IS next yw Nominations for the Creative 9 Circle Awards will coyer 1 work appearing for the first time during October 1989 to y Jan 31, 1991. The contest is held every 18 months. SAATCHI AND
      189 words
    • Article
      Chase after the young and the cardless
      333 17  -  By Toh Hooi Ling CHASE MANHATTAN will spend at least half a million dollars to capture the attention of the 15,000 young people who qualify for the "plastic" world in Singapore every year. A campaign titled "Fit for Life with Chase Visa" started
      333 words
    • Article, Illustration
      Here's a message from the tobacco people
      85 17 THE Tobacco Manufacturers' and Importers Association of Singapore has launched a $10,000 image-scrubbing exercise in the form of 8,000 posters telling children not to smoke. "We want to project the message that we are not necessarily irresponsible," chairman Richard Pitg said. The association's
      85 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      210 17 THE TIME MACHINE m 'rM f 'h LANDS IN SINGAPORE \l*l w»i r» feai i [^k 1 mniHMHI»MHHM«»* M IMSM V Kg«| *\itk, V" -Jr I J, —iifc fto V^^K IK flj J J T r, AX' On June 17 th Emirates' Time Machines land at Changi *g International Airport
      210 words
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  • Article, Illustration
    From strength to strength
    590 18 In line with its parent company's merger with Carnaud of France, Metal Box Singapore has changed its name to CMB Packaging Singapore WITH THE FORMATION of CMB Packaging, Metal Box Singapore Ltd has changed its name accordingly to identify itself totally with the CMB Packaging Group.
    590 words
  • Article, Illustration
    Total commitment to customers
    285 18 CMB PACKAGING has a corporate philosophy aimed at each customer, irrespective of whether they are international or local, small or large, to make them feel they are in partnership. By providing total commitment to their packaging needs, the Group aims to be their preferred supplier. And
    285 words
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  • Article, Illustration
    Key role for S'pore operation
    570 19 THE CHAIRMAN of CMB Packaging Singapore Ltd expects the Singapore unit to play a key role in projecting the company as one of the main vehicles through which the CMB Packaging Group will be pushing its plans for the fast developing Asia-Pacific region. Having already
    570 words
  • Article, Illustration
    MAJOR MILESTONE IN HISTORY
    377 19 'My very best wishes to you all. You now i share a name with members of the CMB Packaging family in 30 countries around the world. I am very happy at this further stage in the strengthening of the relationship between us all. With best regards.'
    377 words
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      220 20 z v ?]fe^ i >v :*> .'h^SsS^ff^3BL' y I HI I 1 J», g. y"» y CZ-.. ,*p»'~a. Well done on achieving a new milestone. (FtlnS FRASER 6NEAVE (SINGAPORE) PTE.LIMITED I V fj 467 Jalan Ahmad Ibrahim Singapore 2263 Tel: *****00 H Subsidiaries and Associates I il|| I CMB Packaging
      220 words
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      155 21 t -'V, ";V^-I^^^^MlBlh» a m mm K mK m Mm m m \*M PI H ii f r 1 m w |7A I .-*?IaMHBWi x Mm #>_lr -IfsSr"- -yfl^S^i^^liMßi VM m. Mm^ml Ag^MM^M /N m A £58|'wf^^iVHHn a» i I NIPPON STEEL CORPORATION I 6-3, Otemachi 2-chome, Chiyoda-ku, B Tokyo
      155 words
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      131 22 "iSS KH K I V/ 4^SL '":V sS*-^sSM-SH DEXTER ASIA PACIFIC LTD. I I SINGAPORE BRANCH I I HmQH 6. Tuas Ave 8, Singapore 2263. I I ■lillHi Tel: *****61. Telex: RS ***** DAPL. Fax: *****86 TW —w cwomwoM IH DEXTER PACKAGING I I PRODUCTS IS PROUD TO I VICSSOJ
      131 words
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      386 23 I FAR EASTERN I I TRANSPORT CO. I I PTE. LTD. I I No. 4 New Industrial Rood, I #01-01 Mainland Industrial Building, Singapore 1953. Tel: *****88. Telex: RS ***** FETC. BP SINGAPORE PTE. LIMITED I Cable: "INTERUGHT-Fax:*****28,' I Tel: *****33, Telex: RS *****, Fax: *****73 I We are proud
      386 words
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      Page 24 Advertisements Column 1
      499 24 I Jhf FUPIZAT TRADING I IF I COMPANY I Blk. 101. Yl-Shun Ave (5). #01-17. Singapore 2776. UTG FREIGHT FORWARDERS PTE. LTD. I «-.-sra«—« I Postal Address I Deafer* In Industrial hardware look, H P.O. Box 518. Singapore Changi Aiipoit. Singapore 9181. Tel: *****66. Telex: RS ***** UTGSIN. Fax: *****02
      499 words
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  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      431 25 H BB I^l j^H M I I QCri Australia Straits I I I INGERSOLL-RAND I c l u I I I I I Alf NOVACO I H Agents: H H TEXAN INDUSTRIAL I INGERSOLL-RAND I MANSFIELD I I SERVICES PTE. LTD. I SOUTH EAST ASIA I CONTAINER SHIPPING I Marine
      431 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Share prices retreat on profit-taking
      4502 26  -  By William Chia SHARE PRICES on the local bourse drifted lower on technical correction and profit-taking yesterday, with the market seeming unable to sustain last week's strong advance. The Straits Times Industrials Index of 30 Singapore blue chips fell 6.51 points to end at 1,524.35
      4,502 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4133 27 Spore Land 1500 50 3.4% S Land Wrts 740 +10 +1.4% iernb Shipyard 725 +10 +1.4% Pnma 600 +10 +1.7% Coid Storage H 436 +6 +1 4% City Dev 50* 324 +6 +1.9% E940 +5 +0.5% 920 5 +0.5% Ship 50* 815 +5 +0.6% Times
    4,133 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      362 28 Caa*aay Bate Vaar tmp Mat N«t uralap finu mm to pnAt/toM (L) par ikm <Mi>a< COOt) (cmH) ANA Hotete May 15 Dec 89 $458($3,692L) l.O(-) Cathay Pac May 11 Ok 89 HK$3.321d($2.824d) 115 9(98 6) 210(180) H fefara May 11 Dcc 89 $756(5231) 101(3.1) 10(2) M6C May 10
      362 words
    • Article
      PRELIMINARY RESULTS
      222 28 Ciiwy Data Yaar Otm# pretax N«t untap tmi ana ta prafft/la*s (L) par skara dhrktand CM*) (cants) Chem Ind May 14 Mar 90 J11.317(J8,268) 38.4(296*) 15(136a) BAI May 10 Ok 89 MJ6,308(J8,277L) 7 5(—) 8(5) Met HUp May 10 Dec 89 M89.757(826,517j) M Plantations May 5 Ok 89
      222 words
    • Article
      INTERIM RESULTS
      148 28 C— >f Date IUH-JfMr firwip pr*-tox latertai im to pr*flt/lM« (L) dhridMd ('000) Sport Land May 4 Feb 90 125,132(110,850) CAC May 4 Mar 90 J46.270(J21.667) 4(2 9a) UC Bmtanf May 3 Mar 90 MJ14.337 ($7,596) 5(4) Ceretos Apr 27 Jan 90 $33.904(J30.676) SPH Apr 27 Fab 90
      148 words
    • Article
      CORPORATE DEVELOPMENTS
      202 28 May 14 Acm Electrical Industries is seling its leasehold land and buikhng in Jurong to Keppel Corp for $14 2m Tradrng ui fan Padfc PuMcatkra Ltd's 31 532 m shares commenced today on Sesdaq Sime Darby is planning to acquire New Zealand's largest forestry group for an estimated
      202 words
    • Article
      DIVIDENDS ANNOUNCED
      1330 28 Carrarf Ei Baafc• Date Tatal tar Tatal tar IPMi daaa MyWi tfca fwr last par BM 8% tun 8 Jun 22 Jrf 2 8% 5* Bonrnb 3* Jun 25 Jul 6 M 18 3% 3% taW 5%(l) Apr IS May 4 Jun 7 5* 15* ■—liafci 3* Apr
      1,330 words
    • Article
      RESULTS DUE
      484 28 tlapuri Steels Last Fri Yaar tap* M Ma Tmt M m Maa M Wyw (SW) Ma FM Fab 2t ta 89 391 100 11.728 MM FM M 27 Oac 89 3,4711 Mm M 30 Die 89 &3SL(h) M MM FM Mr 10 Ok 89 23 3 75 3.488
      484 words
    • Article
      PROPOSED ISSUES
      302 28 Clip lay Rights taut C—m h Capt* redaction scheme to reduce par Miw of Aires too* $1.00 to SO 60; Kg* aa* of 34 SO CO pw FKB Owrfaf-owt MSQSO pa Fahw IM One-tor-one MJ025 per share. Toaowec yj a snare swap oi wvt g Matn shares lor
      302 words
    • Article
      BONDS, LOANS & WARRANTS
      627 28 BONDS, LOANS WARRANTS C4C Baton 26/4/93 lwarrant plus $3 .09 eta. riwui) Laan Ciami) 2/10/89 to 20/10/94 1 warrant plus SI ctaor 1 wvrant pta SI wow—i amount of tan tack. 0—»»MMi v q—i H» m tard 87 to 31/12/91 1.55 mgta >ta $1.55 ctai Oh Mf MM 1/8/89 li
      627 words
    • Article
      APPROVED ISSUES
      277 28 Conpany Right* Iuim Apria One-tor-one $185 per share k<UX Apr 23 Books Ctosr Mm 1 Acceptance A Payment ton 15 Ifcpd One-tor-or* MJO 70 per share Ei-date Apr 9 Books dose 24 Acceptance i Payment: ton 12 MU Two-tor-fa* MSI90 per share Ei-date Apr 4 Books ctosr Apr
      277 words
    • Article
      COMPANY MEETINGS
      144 28 Tlm Great Eastern Uk Assurance Company LMted: 82nd AGM at 65 Chuto Street #18-01. OCBC Centre, Smgapore 0104 on Thursday, May 17, at 11.30 am. Cental Piepwties Ltd: 28th AGM at the Tudor Balroom, Goodwood Park Hotel, 22 Scotts Road, Singapore on Thursday. May 17, at 12 noon
      144 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      292 28 NOTICES IN THE MATTERS OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF MTERPUB PUBLISHING PTE LTD (Incorporated in the Republic of Singapore) (In Voluntary Liquidation) NOTICE OF MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that pursuant to Subsection (1) of Section 290 of the Companies Act (Chapter
      292 words
    • Advertisement
      Page 28 Advertisements Column 2
      267 28 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF EASTRONG (PTE) LTD (Incorporated in the Republic of Singapore) (IN LIQUIDATION) (MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of members of EASTRONG (PTE) LTD duly convened and held at 340 C, King George's Avenue. Singapore
      267 words
    • Advertisement
      Page 28 Advertisements Column 3
      317 28 IN THE MATTER OF THE COMPANIES ACT, CAP. SO PRIMETECH CONSTRUCTION PTE. LTD. (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of PRIMETECH CONSTRUCTION PTE. LTD. duly convened and held at 5001 Beach Rd #00-11 Golden Mile Complex Singapore 0719 on 11th May 1990 the following Special
      317 words
    • Advertisement
      Page 28 Advertisements Column 4
      276 28 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 ANO IN THE MATTER OF PHILEMON TRADING (PTE) LTD. (Incorporated in the Republic of Singapore) (MEMBERS' VOLUNTARY WINDING UP) At an EXTRAORDINARY GENERAL MEETING of the members of the abovenamed company duly convened and held at No 1 Colombo Court #06-23-Singapore
      276 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish easier on light selling
      3680 29 Bernama Reuter STOCK PRICES on the Kiala Lumpur market closed lover on light selling and lack of buying support in the aftenoon, with an easier close inTokyo affecting sentiment, bokers said. The Kuala Lumpur Stock Exchange Composite Index fill 1.92 points to 557.82 after
      Bernama; Reuter  -  3,680 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      139 29 ■Sir yt H mi I I li /rW k\III' I I I I I 1 IN> \J Iff r ■RiIUW jjuLW/JIM tt^ Is paradise still a good deal? We talk to the match makers about Hawaii's intricate mating dance with world investors. And brief you on the latest calls for
      139 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks ease after moving within narrow range
      2276 30 Reuter TOKYO stocks closed easier yesterday as institutional investors waited on the sidelines to see if the key Nikkei Index might retreat from recent gains, traders said. The benchmark average, bolstered by a stronger yen, held its ground however and fluctuated in a
      Reuter  -  2,276 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Late buying helps stocks close off day's lows
      2562 30 Reuter HONGKONG share prices yesterday closed weaker but light afternoon buying took stocks off their lows. Brokers said the day's trade, thin until a flurry of late buying fattened turnover, was largely directionless and uninspired by fresh news or rumours. "The market
      Reuter  -  2,562 words
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  • REGIONAL STOCK MARKETS
    • Aussie index falls below 1,500 mark
      • Article
        SYDNEY
        978 31 AUSTRALIA'S sharemarket closed weaker yesterday as traders abandoned leading stocks, wiping out most of the gains made on Monday. The All Ordinaries Index finished 14.0 points off at 1,494.5, tumbling back through the 1,500.0 support level. "It was a disappointing day all round," one broker said. "Reasonable overseas selling,
        978 words
      • Article
        BANGKOK
        682 31 THAI stocks yesterday closed slightly higher in mixed trade dominated by strong buying support for commerce issues. The SET Index gained 4.23 points t6 close at 894.03 in very active turnover of 27.05 million shares valued at 3.1 billion baht. "The market opened with profit-taking in the finance sector
        682 words
      • Article
        MANILA
        519 31 PHILIPPINE shares remained mixed yesterday because of uncertainty over talks about the future of US military bases in the Philippines. The Manila Stock Exchange Composite Index was up 0.12 at 974.92, but the Makati bourse index was down 3.83 at 982.05. "There's little action. Most people are awaiting the
        519 words
      • Article
        NEW ZEALAND
        409 31 THE New Zealand share market closed lower on thinner volumes yesterday, as overseas investors took to the sidelines after an indifferent performance on Wall Street and a poor start in Australia. "It's probably not a bad thing to lose 14 or 15 points after a couple of pretty
        409 words
      • Article
        JAKARTA
        498 31 THE JAKARTA Stock Exchange closed lower yesterday, pulled down by massive block trades of newly-listed Inco which dropped 100 rupiah off its issue price to close at 9,700. On its first day the nickel mine accounted for 4.5 million of the day's 5.7 million shares traded in blocks larger
        498 words
      • Article
        SEOUL
        881 31 SEOUL stocks yesterday rose across the board after six straight days of falls as banks and insurance firms said they would inject capital to stabilise the mar- ket soon. The Composite Index closed at 756.87, firming 32.11 points from the previous session. Turnover remained low at 122.2 billion won
        881 words
      • Article
        TAIPEI
        395 31 TAIWAN stocks rose slightly at the opening yesterday but panic selling in the last half hour pulled the index down sharply as rumours spread that the government is determined to sell its shares in three commercial banks. The Weighted Index fell 510.41 points or six per cent to 8,059.14.
        395 words
      • Article
        Untitled
        456 31 CIom Previous May 16 May IS SYDNEY All Ordinaries Index 1.494 5 1,508.5 -14.0 All Industrials Index 2,324.6 2.342.6 -18.0 All Resources Index 860.7 871.3 -10.6 Turnover (million) 87.67 81.94 +5.73 BANGKOK SET Index 894.03 889 80 4.23 Turnover (nearest 000) 27,050 29,180 -2,130 JAKARTA Jardinc Fleming Index 147.27 147.56
        456 words
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  • Dow up less than a point but sets new high
    • Article, Illustration
      NEW YORK
      1115 32 THE DOW JONES Industrial Average seesawed throughout the session on Tuesday, ending with a small gain and breaking through to another new high at 2,822.45. After falling 13 points on the opening bell, the Dow rose a bit over the next few hours and then headed down for
      1,115 words
    • Article, Illustration
      LONDON
      806 32 LONDON shares were slightly higher at midday yesterday as the market shifted to become more responsive to good news. One dealer suggested the bullish tone had been helped by positive responses to corporate results and the £300 million Bass sale of hotels to Trusthouse Forte. But the British market
      806 words
    • Article
      FRANKFURT
      518 32 WEST GERMAN shares ended slightly lower yesterday after a lacklustre session brightened only by a strong rise in Deutsche Bank after news that its group partial operating profit rose 16 per cent in the first quarter. It was the seventh straight day of declines on the West German stock
      518 words
    • Article
      MILAN
      168 32 FINANCE and telecomunications companies yesterday led an advance in Italian share prices from which virtually all but a few blue chips benefited. The MIB Index ended 0.48 per cent up at 1,040 for a 2.87 per cent gain on the month. Short-covering, particularly in some minor stocks and telephone
      168 words
    • Article
      PARIS
      263 32 FRENCH share prices posted minor gains at midday yesterday, erasing opening losses, with Lafaige and CCF shares pulling the market up. The CAC--40 Index was up 8.11 points to 2,078.78 by 1045 GMT. It had opened 2.24 points down at 2,068.43. Lafarge surged 10.70 francs to 474.60 with 486,240
      263 words
    • Article
      ZURICH
      327 32 ON THE Zurich bourse, trading focused on shares of major insurers yesterday. Dealers said bearers of Zurich Insurance fell 170 Swiss francs to 4,430 on rumours that the company would open its registered shares to foreigners. Others said the company planned to swap its three different share categories into
      327 words
    • Article
      JOHANNESBURG
      356 32 THE Johannesburg stock market was drifting in quiet and directionless trading at midday yesterday, with traders keeping a wary eye on the gold price after Tuesday's falls. "Nothing's happening. I think any movement in the afternoon will be sideways," said one dealer. Gold shares were mixed after a slightly
      356 words
    • Article
      TORONTO
      182 32 TORONTO stocks steadied at lower levels on Tuesday after profit-taking depressed the market in early trade. "The market's not going anywhere in the short term," said one trader. He expects the Composite Index to fluctuate between 3,200 and 3,600. The TSE Composite fell 21.7 to 3,504.8 with declines leading
      182 words
    • Article
      Untitled
      323 32 May IS Clo* Prrriom NEW YORK Dow Jones 2822.45 2,821.33 +0.92 NYSE Financial 144.98 144.41 +0 57 SAP 500 354 28 354.75 0.47 Turnover (million) 165.73 225.41 -59.68 LONDON Financial Times 30 1,731.6 1,733 5 9 FTSE 100 2,212.2 2,214.5 -2.3 Turnover (million) 319.2 375.1 -55.9 AMSTERDAM CBS General 196.10
      323 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Short-covering helps US dollar to edge up
      1170 33 REPORTS THE US DOLLAR, driven by several bouts of shortcovering, ended higher yesterday against major currencies after a hectic day of trading during Asian trading hours. Many traders in Tokyo are uncertain about the dollar's near-term direction. Some said the US currency could
      1,170 words
    • Article
      INTERBANK FOREX RATES
      396 33 Cross rates May 16 I US$ S$ MS Dm Yen SFr A$ NZS US* 1.8510 2.6965 1.6480 152.00 0.5976 1.3985 1.3115 1.7437 SS 0.5402 1.4568 0.8903 0.8212 0.3228 0.7555 0.7085 0.9420 MS 0.3709 68.64 0.6112 0.5637 0.2216 0.5186 ***** 0.6466 Dm 0.6068 1.1232 1.6362 92.23 0.3626 0.8486
      396 words
    • Article
      MONEY MARKET
      575 33 Interbank rates S$ Bid Offer Overnight 6 6 1/8 1-month 7 13/16 7 15/16 2-month 7 3/4 7 7/8 3-month 7 3/4 7 7/8 Overnight mode: S-3/4 liSS Bid Offer 7 days 8 VI6 8 5/16 1 month 8 1/4 8 3/8 2 months 8 1/4 8 3/8
      575 words
    • Article
      Lock icon M'sia acts to speed up cheque clearing in states
      361 33 Bernama BANK NEGARA will introduce a new system in Malaysian states to speed up the manual clearing of outstation cheques within a state as part of continuing efforts to improve the cheque clearing system in Malaysia. To this end, it has
      Bernama  -  361 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1500 33 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.60 9L6I 91.58 91.58 1%4 ***** 2588 Sep 90 91.54 91.54 91.50 91.51 7058 ***** 9916 Doc 90 91.36 91.37 91.32 91.33 1636 3874 1566 Mar 91 91.21 91.21 91.17 91.17 710 628 480
      1,500 words
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  • COMMODITIES
    • Article
      Lock icon Bangkok, KL firm up plans for joint oil exploration
      306 34 Bernama A DRAFT containing constitutional and legislative aspects for joint petroleum exploration in the overlapping offshore Thai-Malay-sian border area in the South China Sea is now ready to be submitted to the Thai cabinet. The two countries have signed a memorandum
      Bernama  -  306 words
    • Article
      Lock icon Brazil sends 10 observers to ATPC meeting
      198 34 AFP BRAZIL raised the hopes of the world's major producers that it would soon join the Association of Tin Producing Countries (ATPC) when it sent 10 observers to an ATPC meeting in Kuala Lumpur. ATPC sources said they saw the big turnout as
      AFP  -  198 words
    • Article
      Lock icon Hungary gets Japanese energy aid
      199 34 NYT JAPAN will extend an energy conservation technological assistance package to Hungary beginning in the fall. The aid package is part of Japan's plan to assist East European nations in their efforts to deal with environmental problems caused by outdated production technology while at the
      NYT  -  199 words
    • Article
      Tin price softens as buyers shy away
      815 34 REPORTS THE PRICE of tin slipped one sen to M 517.16 per 113 on the Kuala Lumpur Tin Market (KLTM) yesterday on poor demand and buyers' reserve. "Buyers were still noncommittal as they remained cautious pending the outcome of the Association of Tin
      815 words
  • Article
    PRICES
    1318 34 Rubber May 16 US (to la Mm) S cents/l* Noon Close Int 1 RSSPrompt 157.50/158 50N 158.50/159 50N Int 1 RSS June 90 I59.2VI59.75 I60.2V160.75 Int 1 RSS July 161.50/162.00 I62.50/I63.00N Int 2 RSS OP 151 50/153 50N 152.2VI54.25N Int 3 RSS OP 146.00/148.00N I46.7VI48.75N Int 4 RSS OP
    1,318 words
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      792 34 NOTICE NOTICE IS HEREBY GIVEN that, I Koh Tian Yu ot Blk 114, Yishun Ring Rd. #02-529, Singapore (2776), have applied for a Wholesale Liquor Shop licence in respect of premises at M/s Sin Ban Hin at 1200, Upp. Thomson Rd, Singapore (2678), and that this application will be heard
      792 words
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      Page 34 Advertisements Column 2
      15 34 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
      997 35 City Fight ETA Flight FTO Aha DhaM GA887 1225 KL840 2115 GA975 1300 GA894 2350 KL839 1415 Mllalil SQ228 2015 UF82 2200 QF81 2045 AmtMtai SQ23 0720 KL840 2115 GA975 1300 SQ24 2200 KL839 1415 GA894 2350 Mmm 0A472 0050 Aachiaad BAH 1455 SQ325 2045 Bahrahi
      997 words
    • Article, Illustration
      A small town's last factory tour
      728 35  -  LETTER FROM FREMONT By William Schmidt For nearly 60 years, visitors have made the journey to Fremont, a remote town in western Michigan, drawn to the big yellow-brick factory suffused with the warm aromas of mashed peas and steamed squash. But this month, Gerber
      728 words
    • Article
      MONEY CHANGER RATES
      152 35 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4050 1.4250 Canadian dollar 1.5600 1.5800 NZ dollar 1.0470 1.1070 Sterling pound 3.0730 3.0930 US dollar 1.8500 ***** Local dollars to 100 uaits of foreign I'wieucy Austrian schilling 15.60 16.60
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      112 35 Duration Title Venue Organiser Td Duration Title Venue Organ aer Tej May 13-18 The Options Inseads The Options 312-322-2574 Jun M IntemttwMl Italy EA Fieri (39)2/***** Workshop Campus Workshop Exhibition Internationale of Gift Afti M ilano May 14-17 World Express WTC A Vi«u Triable 494-*****4 rwi<fa"E2L Conference
      112 words
  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      49 35 Ihe huMtitvv person s ihoKC even luodav, M I 'w M M IhurvlaOaturdav jmlSund.iv I ca\im;( hanjji 1 I I I r —-yl W \irport .it ":»3 hourN and arrivinu at Marc R R International \irport the iollow inn dav (S) A I?i:i, \ni <>i An: V.x Air Canada
      49 words
    • Advertisement
      Page 35 Advertisements Column 2
      275 35 Let the world leader in ADRs move you closer to American investors. H Vllfl l l I 1 fmi 000 Simply stated, The Bank of New York adminisr ters more sponsored Ameri #'fIH can Depositary Receipt Jr >X| 9 programs than any other |H| bank in the world. As a
      275 words
  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      299 35 ACROSS [i p B p B B |H7 H 1 Lay in a row at Eton? (7-4) summer 10 Miles out try another 1 IH way for the car-park (5-6) MH I I 11 Platform for the last car- BB BB I 1 I Hi 14 Pirate to equip group
      299 words
    • Miscellaneous
      Page 35 Miscellaneous Column 2
      210 35 Singapore Outlook: Showers over several areas in the morning. Report: Max temp. 32.5* Assoc humidity 57% Min temp. 25.0 r C Assoc humidity 92% Hrs of sunshine 3.55 Rainfall in mm 2.1 Rainfall this mth 171.5 Rainy days this mth 6 World forecast Asia-Pacific Hi/Lo* Cond. Auckland Id/09 Showers Bangkok
      210 words
    • Miscellaneous
      Page 35 Miscellaneous Column 3
      26 35 liililtifr.MitßslltHM f HCS 6€£M PiT IT \fm SITPNG ON") f MIMC TA FVP (SoSuSaa V r'?i V«w«: ftOSNG f c evtuma rrAMOAWD co. ltp, mum %r»*
      26 words
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  • Article
    Tax, investment accords with Turkey likely
    579 36  -  From Margaret Thomas in ANKARA SINGAPORE and Turkey are likely to sign double taxation and foreign investment guarantee agreements in order to promote bilateral economic links. Speaking to Singapore reporters after he had met his Turkish counterpart, Foreign Minister Wong Kan Seng said Turkey
    579 words
  • Article
    Lock icon US Consumer Price Index up 0.2pc in April
    136 36 Reuter THE US Consumer Price Index rose by 0.2 per cent last month in a sign of moderating inflation as food and energy costs fell, the US Labour Department said yesterday. The modest rise followed increases of 0.5 per cent in both
    Reuter  -  136 words
  • Article
    Lock icon CIA predicts difficult period for East Bloc
    116 36 Reuter EASTERN EUROPE'S economics are deteriorating and face a real threat of recession before getting a chance to grow stronger, the US Central Intelligence Agency said yesterday. Countries in the region that tried hardest to reform after decades of communist central planning would
    Reuter  -  116 words
  • Article
    Lock icon EC trade official hits out at US retaliation law
    251 36 Reuter A US LAW that lets Washington impose unilateral sanctions on trading partners is threatening talks aimed at liberalising world commerce, the European Community's top trade negotiator said yesterday. The so-called Super 301 law compels the Bush administration to take action
    Reuter  -  251 words
  • Article, Illustration
    Smaller enterprises need help in transition
    544 36  -  The Bottom Line YONG POW ANG YONG POW ANG The writer is a correspondent on BTs Politics and Economics Desk TOO COLD is bad, too hot is worse; so let the economy boil over and cool off. That remark was made by a Cabinet
    544 words
  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      117 36 (sAceh£) den nine l eather Collection v V AM >.. W MIM Hi I fIORH jj| »HE* If y ZW f f iMHhk i, Mtk iffm jMt- Mfm\ M 1 Jli ly J It I n w' m| 'Twf'- r ■PllVlr A fl R CEfIRUTI 1881 SPORT TENNIS BEACH-WEAR GOLF
      117 words
    • Advertisement
      Page 36 Advertisements Column 2
      251 36 (SACCIu) I (icmtiin' I calln ('ollctiion WE WANT TO BUY FROM YOU IS LOOKING FOR NEW COMPETITIVE SUPPLY SOURCES IN THE SOUTHEAST ASIAN ARENA. VENUE HONGKONG CONVENTION EXHIBITION CENTRE 4TH FLOOR PERIOD: 29 (TUE) 30 (WED), MAY, 1990 OPENING HOURS 10:00 -17:00 PRODUCTS REQUIRED IC, TR, DIODE, LED, LCD, OPTO
      251 words
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  • Shipping Times
    • Article, Illustration
      NOL unit Atlantis sees sales rising to $50m
      461 37  -  By Rahita Elias NEPTUNE Orient Lines (NOL) subsidiary Atlantis Engineering Construction, which is expanding aggressively into new- areas, expects sales to balloon to $50 million this year from just $5 million last year. The home-grown marine services company, which is 95 per
      461 words
    • Article
      Call to retain cargo-handling facilities at Kai Tak
      266 37 THE HONGKONG Air Freight Forwarders' Association (HAFFA) and the Hongkong Air Cargo Terminals Ltd (HACTL) have urged the authorities to retain existing cargo-handling facilities at Kai Tak after the new airport comes onstream. HACTL managing director Anthony Charter told the South China
      266 words
    • Article
      Lock icon United begins service to Europe
      181 37 AP UNITED Airlines has begun its first scheduled service to Europe with nonstop flights to Frankfurt, West Germany, from O'Hare airport in Chicago and Dulles airport in Washington. Chairman Stephen M Wolf said the flights that began on Tuesday opened a new chapter in United's
      AP  -  181 words
    • Article
      Aussie progress on the waterfront
      408 37  -  By Florence Chong IN SYDNEY SENATOR Bob Collins, son of a seaman, is proceeding full steam ahead on the reform of Australia's waterfront, which is expected to save the country As62o million a year by the end of 1992. Senator Collins, the new federal minister
      408 words
    • Article
      IMO working on pollution treaty
      103 37 INTERNATIONAL Maritime Organisation (IMO) members are working towards setting up a treaty to govern response to oil pollution incidents, IMO delegate sources said. A preparatory meeting in London this week aims to make any necessary changes to a draft document. This would be referred back
      103 words
    • Article
      S'pore, HK expected to be aircraft leasing hubs
      340 37  -  By Teh Hooi Ling SINGAPORE and Hongkong are likely to grow into aircraft leasing and financing hubs in the next few years as aircraft purchasing in the Asia-Pacific region gains momentum. This comes in the wake of recent regulations and statements in
      340 words
    • Article
      AIU loses three key personnel after cutback in marine hull business
      302 37  -  By Dexter Lee INSURANCE management agent AIU (Singapore), reputed to be one of the most active in marine hull business in Singapore, has lost three key personnel from its marine department following a decision to cut back on its
      302 words
    • Article
      Lock icon East Germany approves first private shipbroking firm
      253 37 Lloyd's List EAST Germany has given permission for its first private shipbroking and agency company and it is believed that a number of other entrepreneurs are ready to set up in competition to the big state agencies. The new agency, based in Rostock,
      Lloyd's List  -  253 words
    • NEWS SUMMARY
      • Article
        MHI seeks to build engines for Rostock
        62 37 MITSUBISHI Heavy Industries Ltd is discussing the sale of technology to produce large ship engines with state-owned Kombinat Rostock of East Germany. Kombinat Rostock, with 17 facilities in and near Rostock, produces three billion East German marks worth of ships a year, 85
        62 words
      • Article
        Beneficial to both sides
        43 37 THE FUTURE success of Japan's flag carrier is becoming tightly entwined with its Thai counterpart. Japan Airlines' recently concluded tie-up with Thai Airways International Ltd, is considered by industry observers to be equally beneficial to both sides Page 2
        43 words
      • Article
        Sea-Land, Frans Maas sign agreement
        38 37 DUTCH road haulier Frans Maas Beheer and US Container transport firm Sea-Land Service Inc have sealed their agreement to set up a European transport venture, Maas chairman Hans van Oijen said Back Page
        38 words
      • Article
        Sea Containers' profit up US$ l73m
        42 37 Sea Containers Ltd posted a huge jump in net profits to US$ 173.5 million in the first quarter of 1990 compared with a loss of US$6.3 million in the same period the previous year Back Page
        42 words
    • LOG BOOK
      • Article
        Japan allocates three US-Japan air routes
        86 38 THE Japanese Ministry of Transport has allocated three routes between Tokyo's Narita airport and the US to three Japanese airlines in line with an air agreement signed last November between the two countries. A ministry official said Japan Air Lines Co Ltd is allowed
        86 words
      • Article
        Siam Paetra calls at Busan
        88 38 SIAM Paetra Line has added South Korea to the southbound leg of its weekly container service between Bangkok and the Japanese ports of Tokyo, Shimizu, Nagoya and Kobe. The new service, offering bi-weekly sailings, will start with a 680-TEU Thai vessel, the Siam Paetra, calling
        88 words
      • Article
        Aussie unions to renew ties
        132 38 THE Australian Federation of Air Pilots (AFAP) was allowed back into the industrial relations system on Tuesday after the country's most costly labour dispute. The federation's 1,645 pilots resigned en masse last August in a dispute over their drive for a 29.5 per cent wage
        132 words
      • Article
        Plans to expand Thai airport
        86 38 FACILITIES for fruit and vegetable exports at Don Muang Airport should be expanded to accommodate rising volumes, said Thai Deputy Agriculture Minister Udon Tantisunthorn. The export volume was 1.6 million kilos in January, rising to 1.9 million kilos in February and 2.7 million kilos in
        86 words
      • Article
        Finnair to expand fleet
        76 38 FINLAND'S national airline Finnair Oy said it awarded a mandate for a US$3OO million credit to five underwriting banks. The credit would be used to finance the expansion of its aircraft fleet, Finnair said in a statement. It is the first Finnair has undertaken in the
        76 words
    • Article, Illustration
      Reaping rewards from the tie-up
      715 38 Teaming up with Thai Airways gives JAL ahead start on US airlines in setting up a hub in Bangkok. This article from the Japan Economic Journal looks at how the tie-up will benefit them THE FUTURE success of Japan's flag carrier is becoming tightly entwined
      715 words
    • Article
      Enhancing the status of THAI as a leading carrier
      447 38 Thai Airways has a long-term strategy to acquire aircraft and expand major routes, backed by the country's strong economic growth THAILAND'S strong economic growth will obviously play a key role in the development of Thai Airways, which has seen nothing but
      447 words
    • Article
      COCKETT BUNKER MARKET REPORT
      904 38 THIS twice weekfy report, compiled by Cockett Marine Oil Ltd, shows pnce ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Pnce Index change and
      904 words
    • Article
      THE SHIPPING GUIDE
      12680 46 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
      12,680 words
    • Article
      SHIPPING AGENTS
      3373 51 Containerline NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Shpg: Accord Shpg Pte Ltd (SyAccord Contr Line (M) Sdn Bhd (PKyAccord Contr Line (PG) Sdn Bhd (PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ud (S) Ahrenkiel liner Service: Kim Shpg Trdg (S).
      3,373 words
    • Article
      COURIER SERVICES
      211 51 Abacus Couriers Tel: 545-8011,448-6415. Air Express Service Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. City-link International Td: 344-3377. Fax: *****50. Cluster link Supplies St Services Tel: 296-5720. DHL International Tel: 344-8911. Fax: 3454%1. DPE Courier Tel: 284-6611 (7 lines). Fax: *****88. Emery Worldwide
      211 words
    • Article
      AIR FORWARDERS
      1454 51 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aeroiink K G Freight International Td. 545-5992. Aerosoeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Express International Td: 542-7666. Fax: *****74, *****50. Air
      1,454 words
    • Article
      PORT CONDITIONS
      2059 52 ANGOLA Luanda: Eleven vessels berthed of which 3 general, 5 bulk, 2 Ro/Ro, 1 reefer no vessels anchored; 2 vessels due by May 20. Soyo: No vessels berthed/anchored; 3 vessels due by May 20. ARGENTINA Buenos Aires: Tug boat crews went on strike on May 4, but resumed
      2,059 words
    • Article
      AIR FREIGHT SCHEDULE
      504 52 ARRIVALS DEPARTURES Op Flight Type ETA From Op Right Type ETD To TODAY TODAY KAL KE697 B747F 0155 SEL KAL KE697 B747F 0440 BKK •DLH LH/SQ4502 DCIOF 1825 FRA/DXB SIA SQ/BA822 B747F 0700 DXB/LHR •SIA SQ/LH825 DCIOF 1825 FRA/DXB *SIA SQ/LH826 DCIOF 2025 DXB/FRA NCA KZ203 B747F
      504 words
    • Article
      SHIP SALES & TANKER RATES
      648 52 SHIP SALES TANKER RATES THE secondhand tonnage market was featured by the sale of two very large crude earners to Norwegian buyers for about USSSS million each, broken said. The vessels are the World Score, of 267,390 tonnes dw and built 1978, and World Scholar of 268,112 tonnes dw built
      648 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        645 53 fry Hi Birth Mg Oiparturt ttwid toy Ho girth Arm* Depart** Kcppd Wharves Equator Grac 14/90E P1B 17.05/1100 18 05/0600 Arrow fang 2 811 K17 alongside 16.05/1700 Equator toy 10/90W P1A 17.05/1130 1805/0600 Hong Hock > ***** K33 atongstoe 16.05/1800 Gar* Hao 08/90 P3E 17.05/2330 1905/0600 Hong-Soon
        645 words
      • Article
        CONTAINER SCHEDULE
        1652 53 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Transtainer Schedules 9# Voy No An- Date Tine From To Booking Gate Hi Op Gdi Agostin Neto 06-90W 18.05.90 1500 17/0830 17/0929 Portnet 2 Q4 00 F01 18/0600 18/0629 NA 2 Aka Bhum 20S 18.05.90 1500 17/1900 17/1959 Portnet 2
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      • Article
        IN MALAYSIAN PORTS
        304 53 Port Klang South Port Fern Court berth 2; Hoegh Catrn berth 2; Tomoh Satu berth 3; Hong Hing berth 4; Trans Bulk berth 7A. KCT: Anson berth 8 North Port Aitatr Ace berth 11; Bangkhuntein berth 12; Dashmzhai berth 13; Yi Chang berth 14; Hual Carmtncita berth
        304 words
    • Article
      DAILY FREIGHTS
      1044 53 ACTIVITY slowed on the dry cargo chartering market on TUesday and no fresh business was confirmed on some of the leading grain voyage routes, brokers said. "There was talk in the market of fixing from the US Gulf to Japan but this doesn't seem to have come to
      1,044 words
    • Article, Illustration
      Lock icon Sea-Land seals transport venture with Dutch firm
      382 54 Reuter DUTCH road haulier Frans Maas Beheer and US Container transport firm SeaLand Service Inc have sealed their agreement to set up a European transport venture, Frans Maas chairman Hans van Oijen said. The 50-50 marketing and sales venture, agreed in principle in
      Reuter  -  382 words
    • Article
      Lock icon Lufthansa to honour tickets of Air Europe
      82 54 Reuter WEST German national airline Deutsche Lufthansa AG has agreed to honour the tickets of a small rival carrier, Air Europe, the European Commission said. Air Europe complained to the commission last year that Lufthansa breached EC competition rules when it ended the
      Reuter  -  82 words
    • Article
      Lock icon Airbus contemplates action on Indian bribe charges
      276 54 Reuter MAKERS of the Airbus A 320 passenger plane are contemplating legal action to halt an investigation into accusations they paid bribes to secure a contract to supply the aircraft to India. Robert Alizart, a senior executive of Airbus Industrie said the company
      Reuter  -  276 words
    • Article
      Sea Containers' profit soars to US$ l73m
      287 54 SEA Containers Ltd posted a huge jump in net profit to U*****.5 million in the first quarter of 1990 compared with a loss of US$6.3 million in the same period the previous year. Earnings per share were boosted to US$l5.Ol as against a
      287 words
    • Article
      Lock icon Daimler-Benz, BAe to work on plane project
      263 54 AFP WEST GERMAN GROUP Daimler-Benz said on Tuesday that it planned to cooperate with British Aerospace (BAe) on medium-haul planes. "We are working on a European structure in this area," board chairman Edzard Reuter said as he presented the annual results of West
      AFP  -  263 words
    • Article
      Lock icon Lockerbie report urges use of force against terrorists
      455 54 Reuter THE US presidential commission studying the bombing of Pan American Flight 103 over Lockerbie, Scotland, has urged the use of military force against terrorists and sharply criticised US aviation security. The controversial report was generally well received by US relatives of
      Reuter  -  455 words
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      Page 37 Advertisements Column 1
      122 37 SWEE HENG METAL CO PTE LTD No. IJ,TutiA*»nutl4, STORE 2263 FAX: 861-2946 TEL: 661 -5665 (5 LNES) IVa&i TLX: RS ***** SHMCPI M s°* *9** |AV#al h Commercial Cleaning Equipment > Matador Floor -*T—Machine Also buy,se« rental repair YEARBOOK '9 0 MCItP: 115'* 39 v Hb y m IV-#* 'x^\X_^v•
      122 words
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      Page 37 Advertisements Column 2
      46 37 A* Forwarder* 15 A* FragM Schedule 16 Codiet bunker report 2 Contaner Schedule 17 Courier Sernces 15 Q*y 17 Index to Advertisers 3 Port Contains 16 SNpngAcents 15 Shppmg Gwde 10.11 Shpsate/Tanta Rate 16 Stops *i Port 17 Smooore Tries 17 Wertxr and Sea Contains 17
      46 words
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      Page 38 Advertisements Column 1
      194 38 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services Industry was Singapore's
      194 words
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      Page 39 Advertisements Column 1
      2274 39 JARDINI SMIPfING AGENCIES %«ll## 200 Cantonment Road #12 05 Southpomt. Sinppor* 0208 _uli£f Id *****11 TELEX NO RS ***** priium terminal cfs t«i *****11 220 1 PQWJ I BOOKINGS Ttl *****34 235 M JA roine shipping PORT KELANG TEL: *****18 TELEX NO MA*****/MA***** txX I I.T BIWTPPPi *****4 TELEX NO
      2,274 words
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      Page 39 Advertisements Column 2
      931 39 INDEX TjugygmsEßS Page Col Col ial r m i ABC Containerlinc 13 5 Mac-Neb Agencies 14 1/2 Accord Shpg 8 3-5 Macoline 14 1/2 Albatros Sea-Air 14 5 Maersk Line 3 4/5 .JJF Une 'i xi M,sc 14 I M'sia Shpg Corp 9 1/2 Arrow L.nes 9 5 MO L
      931 words
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      Page 39 Advertisements Column 3
      2075 39 VdHl Voy ETA I ETO "Port 'Panang DESTINATIONS S4»gapor« KMng Tlu* mm Lout* M Cloting Tim* FtMv by 22/5 0400 mrs M FVQO 4 CFS 21/5 1800 MRS M Tauro OAK LQB MOO MEM ATL MIA CHS BAL PHL NYC MON TOM LOUIS M 9008 |22/S fivi In Pt 19/5
      2,075 words
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      Page 40 Advertisements Column 1
      1193 40 I ROTTERDAM/ I VOY NO S PORE P KELANQ SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP |LE HAVRE CAROtGAN BAY 9S/557 17/5 12/8 5/6 8/8 4/5 11/8 BERLIN EXPRESS 01/568 18/5 20/5 7/8 9/6 11/8 12/6 14/6 KURAMA 06/560 24/5 19/8 12/8 15/8 11/6 18/6 BENAVON 94/563 27/5 13/8 15/6 17/8 18/6 20/6
      1,193 words
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      Page 40 Advertisements Column 2
      607 40 SOUTH PACIFIC SERVICE SIN POM SUV PPT ISLA FLOREANA 31/5 10/6 17/6 23/6 DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 31/5 5/7 6/7 9/7 Also accepting Cargo to Callao (Peru) Agents: Singapore: *****56 S BOOKINGS; *****08 JOHOBE:O7Z m J NORTHBOUND TO UKC SPORE [ROM/A'OAM HBG HULL(U.K) CLYDEBANK V.2SN
      607 words
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      Page 40 Advertisements Column 3
      1381 40 BaitßABlB B^' REGULAR INDEPENDENT FULL CONTAINER SERVICE > WESTBOUND FOR EUROPE VSL/VOY SIN CLM ALG BCL FEL HAM BRE ROT ANT LHA Slq tSi SSi) JAPAN SEA °HW 18/05 22/05 09/06 11/06 13/06 15/06 16/06 17/06 I*o6 11/06 25/05 17 )6 906 211)6 n,Qk 24,06 25,06 26/06 27 NORASIA PEARL
      1,381 words
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      Page 41 Advertisements Column 1
      702 41 SABRE LINE-« w t/ unwu ECTSa,nci VESSEL/VOYAGE IMPORT EXPORT SYD MELB SGP BKOK SGP SYO MELB INNOKENTIY KOCHNEV VOO7 Sailed Sailed Sailed 16-17/05 18-19/05 30-31/05 02-03/06 MEKHANIK VOLKOSH VOOB Sailed Sailed 26-27/05 30-31/05 02-03/06 14-16/06 17-18/06 INNOKENTIY KOCHNEV VOOB 28-30/05 01-02/06 14-15/06 18-19/06 21-22/06 03-05/07 06-07/07 MEKHANIK VOLKOSH VOO9 I
      702 words
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      Page 41 Advertisements Column 2
      1673 41 TO: EUROPE TO: FAR EAST SP LH RDM HAM B'HVN FIX SPOKE HK KAO KOB BU HANJIN FELIXSTOWE 002W 11/5 6,6 7/6 1/6 10/6 11/6 CHOYANC SUCCESS 000E 21/5 31/5 1/6 4/1 7/6 CNOYANC PARK 001 27/5 14 6 15/6 16/6 11/6 19/6 HANJIN TONGMAE 073E 4/6 7/6 1/6 11/1
      1,673 words
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      Page 41 Advertisements Column 3
      22 41 REGULAR SERVICE TO KARACHI S PORE LOADING FOR TBN 31/5 KARACHI r ii ■iwrin —»ua Tot bmh itc m inii tac am*
      22 words
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      Page 41 Advertisements Column 4
      325 41 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL AMBALIKA CHAMPION ASEAN TRADER TRADER VOY. NO 55 9 2 Spore 24/5 31/5 5/6 P. Kelang 30/5 29/5 6/6 Penang Hong Kong Yokohama Nagoya Osaka Senboku Kashima F una bath i •For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS.
      325 words
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      Page 42 Advertisements Column 1
      646 42 1 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. BESURI LLOYD FT. SAMUOERA INDONESIA P.T TRIKORA LLOYD CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE VSL/VOY S PORE R DAM/ H'BURC BREMEN ANTWERP ADAM BAAS ULLAH/22W8 29,6 4/7 27/6 1/7 L.J. BONTANC/21WB »-»/6 28/7 fl/7 1/8 2/« FAST TRANSIT TIME
      646 words
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      Page 42 Advertisements Column 2
      796 42 HANJIN SHIPPING I Vf]y FULL CONTAINER SERVICE IS'port I LeHavre R dam H burg B haven fstow* KSJR'.u.,™ LINE HAUL LAX OAK 19/5 7/6 8,6 9/6 12,* 13/6 CHOYANC SUCCESS 00(E 21/5 H CHEJU OKIE 22/6 24,6 26/5 13/6 14/6 15/6 12/6 18/6 HANJIN TCNC HAE 073E 4/6 H SUSAN
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      Page 42 Advertisements Column 3
      1353 42 -4 V J —I T J mfm■ln I I i k 1 A mum B 1 b I B 1 ■■1 ■■1 k. jH H I H I I I I EVER GOLDEN 21/S 23/S 30/S 21/S 1/1 4/C W M 11.4 7/7 17/7 11/7 Uf7 28/7 22/7 14/1 EVER
      1,353 words
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      Page 43 Advertisements Column 1
      1823 43 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) BOOKINGS/ENQUIRIES: UK/EUROPE SERVICE *****19 AUST/INDIA/PAK SERVICE *****18 B_ USA SERVICE *****16 fW FAR EAST SERVICE *****48 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 SUEZ) (VIA SUEZ) |BrDK VBL/VOV
      1,823 words
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      Page 43 Advertisements Column 2
      1210 43 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 (RE(SULAft W6gP>ENDgNf SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VtSStU VOYAg I gout |mmu> HKOH VOTAGI sron WtLAWt Xttltc HAWM TIItUIIT Hon MtTWtHf k GAvtttov
      1,210 words
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      Page 44 Advertisements Column 1
      1067 44 N. AMERICA-ATLANTIC COAST jBSJJSB VOY •INDO *PK;PNG SGP LB CHLS NFK NYC HFX AMBASSADOR BRIDCE 28 14/5 15/5 17/5 9/6 19/6 21ft 23/6 27/6 NEPTUNE JADE 24 25/5 26/5 24/5 16/6 266 28ft 30 6 St OOCL FAIR 20 26/5 29/5 31/5 23/6 WWW 11/7 RAINBOW BRIOGE 24 4/6 5/6
      1,067 words
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      Page 44 Advertisements Column 2
      648 44 [TTrslN (IMY) MIDAY) miDAY) booking contact fum* 20/05/90 PORT KELANG PENANG BANGKOK JACQUELINE TWICE/WKLY f|im|k Ai|i p--"~™~i r— ——~~~i —-—I BOOKING, CONTACT w ETD SIN (3 DAYS) 4 (2 DAYS) 4(1 DAY) 20/05/90 HONG KONG KAOHSIUNG KEELUNG JOYCE/JUDY JT TWICE/WKLY [ETD SIN (6 DAYS) ♦(1 tMY) I"1 *(4DAYS) I I"""
      648 words
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      Page 44 Advertisements Column 3
      333 44 Continental Pacific Cgalesassea dfi'ppfn^ TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR BYRON V SM SW SM SETE/RDM/ANT/FLU/UK ARBELA 11/S 21/S 22/5 SETE/RDH/ANT/FLU/UK CRYSTAL B W SETE/RDM/ANT/FLU/UK Loads Satahi Indonesia ®MULTIPORT AGENCIES (S) PTE. LTD. TEL: *****77 FAX: 225M31 P.K. MULTIPORT SDN BHD. TEL: 3M2M9 TLX: MA
      333 words
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      Page 44 Advertisements Column 4
      566 44 MS?Si golden line GUAN GUAN SHIPPING (PTE) LTO N -4 O. Tttak Aver StrMt SINGAPORE 0104 1 TEL 5343*1 (10 LINES) Fut *****4 (CR No *****SM00BR) STRAITS/PERSIAN GULF SERVICE: S'por. P. Pana* GOLDEN BEAR Cofcvnto/Karacfci/Dutai 11/20 May GOLDEN HARVEST Catwita/Karacfc/Dutei 26/20 May CHINA SERVICE ru QINC Banftot a/77 Hay CASABLANCA
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      Page 45 Advertisements Column 1
      1549 45 *****m pacific international lines (pte) ltd M JMi PIL Buildtng, 140 Cecil Street #03-00, Singapore 0106. k s sr. ssruu r s? ss sr. A Jiff J*® JJ'J PCOABUB PROGRESS 817N 19/5 2215 26/5 SSS sac. an 211 2" 30/5 KOTA MA t»N 22/9 28/5 29/5 222 PEGASUS PIONEER I2N
      1,549 words
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      Page 45 Advertisements Column 2
      1112 45 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VQY SPORE PKLANG SHAMPTON HAMBURG BHAVEN ROAM LHAVRE Berlin Express' 01/558 18/5 19/5 5/6 8/6 10/6 6/6 6/6 Cardigan Bay 95/557 In Pt Via Ban
      1,112 words
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      Page 45 Advertisements Column 3
      270 45 M MYANMA jS* FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang Pen Bkofc PAGAN VIS6W 17/19 MAY HTONEYWA V2SSW «/17 BAY PATHEIN VlO2 23/21 MAY 2» BAY/1 JUN MYOMAYWA VI2BW 1/4 JUN 27/31 HAY 2V* HAY HPA-AN VISON 29/31 MAY THE BANK UNE (A service of
      270 words
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      Page 48 Advertisements Column 1
      667 48 '^DSjggES^ INTEGRATED CONTAINER SERVICE^ MEMBER OF EACON SERVICE TO UNITED lUNCOCM A WORTH CONTINENT EUROPE OUTBOUNO SM FIX BtE ROM ANT NSC RST T. WENOA M ajs" m m m AMERICAN SOI WNM 2*l B0 »0 W» M 0 o cxotiwml tm *T j*» m w v TAMAN SEN WFMBT
      667 words
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      Page 48 Advertisements Column 2
      1113 48 vas qPMA rVtL gWIJp MMMYSCM V««M PKI PNG SPORE BKK HKC SNA QIN LYC WEI HE M 270 25/1 110 *4 I*4 YANC FANS KOU 125 110 2*3 *4 110 I*4 2*4 AtCTNim FCI Carf* lor aM (Omt Clmmm ports ill othor dtm in Uan«*on« K SS 2S 3S ffi
      1,113 words
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      Page 48 Advertisements Column 3
      320 48 MC BSN UNCAPORE GLORY VMS 11 May ft Mar «i» J«" >"• RAGNA \MK Miy V «»T OUSAN CLORT MB 30 May II Hay Uta MALAYSIA GLORY VMS I Juo Jun 5 Jim 14 iw 11 Jm OCIAN CROWN VMtt It Jim 17 Jim U Jim H Jim 27 Jim
      320 words
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      Page 48 Advertisements Column 4
      564 48 r POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS I AFGHANISTAN I: Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, Mashad, Kushka IRAN _J :Djulfa, Astara ETD SINGAPORE :23/5, 28/5, 3/6 7/6, 9/6, 17/6, 19/6 IE. EUROPE I:To all inland points: Poland, Bulgaria, Czech,
      564 words
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      Page 48 Advertisements Column 5
      472 48 PORTS SSTHockAgef^ jvcaa |m wwww iwaiHl.! MEKHAHIK KURAKO MM Thur In Pt Sm 280 SIWI mm 447W fri Ufi Hm Ofi HYA BHUM asm Sun 210 wa< Qfi JIRA BHUM* OK TM« 220 ftt 2V5 MAMA mm WW <N< 230 Sat »0 MEKHAHIK KURAKO MW Thur 240 Sm 270 sim
      472 words
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      Page 49 Advertisements Column 1
      1275 49 MARINE A6ENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) lT3f\ ETHIOPIAN SHIPPING LINES ■J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivor ETA LOAOING FOR W ANO4NET 19WB 20rf» OARESSALAAM MOMBASA. ONOOUTI ASSAB MASSAWA. HOOCIOAH ABYOT 21WB 21/06 OARESSALAAM MOMBASA
      1,275 words
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      Page 49 Advertisements Column 2
      623 49 MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG. PNG AND. BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ
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      Page 49 Advertisements Column 3
      673 49 BAY OF BENGAL SERVICES MADRAS CALCUTTA »ESSEL>/WY SIM MAA SIN LEUVE 9124 19/5 24/5 01/6 LEUVE 9125 04/6 09/6 17/6 LEUVE 9126 17/6 19/6 27/6 LEUVE 9127 27/6 02/7 10/7 VESSELS/VOY SIN CCU SIN SUPER EIGHT 03N90 In Pt 23/5 30/5 JORGEN VESTA 02N90 11/5 25/5 02/6 SUPER El CUT
      673 words
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      Page 49 Advertisements Column 4
      404 49 TO AUSTRALIA/NEW ZEALAND VSI Stwfipoft Freewde Mtiboumt Sy4my Aacktori DmM*, tut onos m 1m Tm a» M 5? V 7 i 55s jsp a* W H w 17/7 an mussci 5 355 n/7 u hw ivi u* C VMOUK 253 M m aS 2M 7/1 1 Alio acctptinf ctrfo to:-
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      1253 50 MAC-NELS SINGAPORE worn TEL.- 555T] impokt TEL *****02 [I PENANG TEL: (04) *****6 IKK TEL: (000) *****0 TAWAU TEL: (069) *****9 P KELANG TEL: (03 *****771 KUCHING TEL: (002) *****3 SKAN TEL: (009) *****2 FJVVX" SJ Aim I SIBU TEL: (O04) *****2 Ia BUAN TEL: (007) *****9 UV N TIL
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      415 50 BLUE STAR LINE SINGAPORE TO j|NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. Pit AUCK ITT PREMIER <*S a May 2 Jun VU NPI 4 MAHSURI
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      Page 50 Advertisements Column 3
      621 50 THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH oora m Irn |ttn una I m tn Iwr KIM SOON LI 20/90E 19 MAY PENANG JENHOL 5/90E 22 MAY
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      Page 50 Advertisements Column 4
      318 50 «1»BBEH IRANIAN SERVICE I Stnpport Loidin| fv> I IRAN EKRAM 20 HAY SO Bandar Attas 1 (NatkiMi Dm If Mulct) HX NEST COAST/miCfl/CamKiU. /UNHKA CONTMNER »VKI MN6 U CMCNAM LCAROCMS S.CRU2 NAIUAIHUO BMTttMT VI ID IM UK Vfi m ZM TW.UCAVII an an an an an V Alio accepting to
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      Page 52 Advertisements Column 1
      27 52 Banking, Finance and Insurance Supplement BT's biggest and more established annual supplement will be distributed free with your copy of Business Times on May 24. I 4
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  • Page 53 Miscellaneous
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      Page 53 Miscellaneous Column 1
      395 53 TIDES AND WEATHER TODAY'S TIDES (height in metres) HO* 0000 0100 0200 0300 0400 0500 0600 0700 0100 0900 **********00 ***************0 *****1001M0 *****100 22M 2300 1.9 2.4 2.7 2.9 2J 2.5 2.0 1.6 1.2 0.9 0.7 0.7 0.8 1.1 1.4 1 7 19 2.0 19 1 7 15 1J l_3
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      283 54 CHARTPOINT Every Saturday in Business Times 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 PALEMBANG P. BAHRU JAMBI TBN 2-5/5 6-6/5 9-10/5
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      Page 54 Advertisements Column 2
      416 54 l/HYUNDAI MERCHANT MARINE CO. LTD. I EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKC SIN HYUNOAI COMMANDER 17E 18/05 24/05 11/06 14/01 17/08 HYUNDAI INNOVATOR 31W 1604 1904 22/04 1005 17/05 HYUNDAI PIONEER 32E 25/05 31/05 18/06 2106 24/08
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      Page 54 Advertisements Column 3
      511 54 CHARTPOINT Every Saturday in Business Times |FMtor!r«. |V* I PNGIPKL lllrtMr V«tt*l |V«r I SIN I LAX I OAK I HOU I DAL I «l( I NOR I«■ I NYC I |n .|C c l OUH UwA ruwga nauwiwc va IT üb~ alligator fortune vjam tm mununwmmmm SERVICE CALLS RUNCA
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