The Business Times, 18 May 1990

Microfilm: NL17018
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Friday May 18 1990 75*
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  • NEWS SUMMARY
    • Article
      US will try to renew Philippine bases treaty
      61 1 US OFFICIALS have indicated that they would seek a new military bases treaty with the Philippines as negotiators for both sides worked overtime to resolve disputes over the current agreement. "I think we're looking to the future as much as we can,"
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    • Article
      Impact on HK trade
      33 1 HONGKONG faces major trade losses, particularly in reexports, if the US Congress does not renew China's most favoured nation status, Secretary for Trade and Industry John Chan said yesterday.
      33 words
    • Article
      Manila eyes EC
      35 1 THE Philippines is eyeing a share of the increasingly lucrative market for the computer industry in the European Community (EC) in the run-up to its single market scheme by 1992 Page 8
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    • Article
      Not going public yet
      39 1 US PRESIDENT George Bush has said he won't move to rally public support for budget deficit cuts until a bipartisan compromise is reached, saying it could "send the wrong signals" to financial markets. Page 10
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    • Article
      Challenges in changes
      25 1 CHANGING geo-economic trends present both challenges and opportunities for Asean countries and Australia, says the Acting Foreign Minister Peter Sung. Page 2
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    • Article
      Furniture boom
      24 1 SINGAPORE furniture maker Hwa Tat Lee is enjoying booming business in its leather sofa sets, led by strong export growth Page 2
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    • Article
      Sammy Davis dies
      33 1 SAMMY DAVIS Jr, who died of cancer on Wednesday, was a versatile and dynamic singer, dancer and actor who overcame extraordinary obstacles to become a leading American entertainer Page 17
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    • Article
      Norwegian base
      27 1 NORWEGIAN SHIPPING conglomerate Osco is using Singapore as its base to market a new technique in tank recoating for tankers on-voyage. Shipping Times Page One
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  • MARKETS SUMMARY
    • Article
      Dow Jones higher
      42 1 WALL STREET stocks opened higher in early trading yesterday, with the Dow Jones index of 30 leading industrials advancing 7.63 points to 2,827.31 five minutes after the session started. On Wednesday, the Dow closed down 2.77 points to 2,819.68.
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    • Article
      Footsie higher
      43 1 LONDON shares soared yesterday on unconfirmed rumours that Britain will soon join the currency-stabilising mechanism of the European Monetary System. At midday, the FTSE 100-share index was up 50 points, or 2.2 per cent, at 2,271.1. Volume was 458.2 million shares.
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    • Article
      Philippine listing
      27 1 FIRST LEPANTO Corporation, a joint venture between First Capital Corporation and Manila-based Lepanto Consolidated Mining Company, is seeking a listing in the Philippines Page 3
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    • Article
      No problem: UIC
      29 1 UIC said yesterday it has financing in place to satisfy full acceptance of its 52.6 billion offer for Singapore Land Ltd which closes today Page 3
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    • Article
      SES listing for Burwill
      33 1 BURWILL Holdings Ltd, the Hongkong company in which local trading giant Intraco has a2l per cent stake, is to list its shares on the SES next week. Page 3
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 774.36 +2.71 Kuala Lumpur ....559.46 +1.64 Hongkong 2,917.63 -31.26 Tokyo 32,061.60 +93.98 Sydney 1,480.7 -13.8 Wednesday Change New York 2,819.68 -2.77 London 2,221.1 +8.9
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    • Article
      CURRENCIES
      22 1 Exchange rates USS S$ 1.8515 Yen (100) SSI.2I81 MS... SS0 6861 Money marfcet rates Overnight 6 +1/4 3-month 7 3/4 -1/8
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    • Article
      COMMODITIES
      26 1 London Gold PM fix US$369.20 -0.65 Rubber S'pore June 159.75 '/kg -0.50 M'siaJunc... 230.00'/kg +1.50 KL Tin Turnover 35 tonnes -35 Spot M$ 17.05/kg -0.11
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  • Article, Illustration
    'Better to let market forces cool economy'
    380 1  -  By Kenneth James AS ECONOMIC success drives wages and other costs up in Singapore, it is tempting for the government to slow down the pace through policy measures, but it would be better for the slowdown to occur through market forces, a prominent
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  • Article
    Lock icon Beijing snubs Taiwan's dialogue offer
    164 1 AFP CHINA issued a blunt refusal yesterday to an offer from Taiwan President Lee Tenghui to open the first intergovernmental dialogue between the two rivals in 40 years. "Our principal position is very explicit. We have stated it on many, many occasions." foreign ministry spokeswoman
    AFP  -  164 words
  • Article
    Lock icon Call in US for talks on dumping of bank services
    271 1 AP A LEADING Congressman on financial issues has asked the administration of President George Bush to get international talks started on the "dumping" of bank services selling them in the United States below cost. "A number of banking experts have
    AP  -  271 words
  • Article
    Lock icon Jakarta needs more reforms: World Bank
    487 1 AFP THE WORLD BANK has called for US$4.5 billion in foreign aid for Indonesia this year but stressed the importance of further trade, industrial and investment reforms to speed economic recovery. The reforms would help ensure that the large volume of private investment now
    AFP  -  487 words
  • Article
    Analysts see another year of record earnings for SIA
    334 1  -  By Elaine Koh SINGAPORE Airlines, releasing its results today, is widely expected to report another year of record earnings despite higher fuel costs and currency exposure, particularly in the second half. Analysts have estimated that SIA will pull in net profits
    334 words
  • Article
    EMS may make $76.5m rights call
    442 1  -  By William Chia VIDEOTAPE housing manufacturer Electro-Magnetic (S) Ltd, which is now under the control of the Indonesianbased PT Raja Garuda Mas (RGM) group, is planning to make a $76.5 million rights issue with warrants. Sources said EMS is likely to propose a one-for-one
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  • Article
    Free with BT next Thursday — 52-page banking supplement
    125 1 Free with BT next Thursday 52-page banking supplement BUSINESS TIMES' annual banking, finance and insurance supplement is here again. This year's 52-page bumper package centres on the theme: Financial services sector Leading Singapore's growth into the *****. Once again, we have invited top bankers and insurers to share their thoughts
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      291 words
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      Page 1 Advertisements Column 2
      3 1 Editorial, Pg 12
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    • Advertisement
      Page 1 Advertisements Column 3
      98 1 Quadruple Zoom+Auto Two-Color MtNOaA WELCOME TO THEKLASS THE A CLASS is the mark of high ambition. For the individual who demands quality and timeless elegance. Etienne Aigner is the style. It's that certain A. LEATHER FASHION TREASURE EYEWEAR ACCESSORIES Q.,„, ■iSJi S ogopore Et>enne Aigner Shops operated by M B
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        PWD orders closure of Asia Radio Building
        120 2 THE Public Works Department has issued a closure order on Asia Radio Building (ARB) along Bencoolen Street. Part of the building was damaged by a fire which broke out on Monday. PWD engineers have inspected the affected parts in the building. Its press
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      • Article
        Engineers urged to upgrade
        96 2 SINGAPORE engineers should continue updating their skills add knowledge, said Second Deputy Prime Minister Ong Teng Cheong yesterday at the 1990 Convention of the Institution of Engineers (lES). They should also seek to extend their expertise and skills to the rest of Asia-Pacific, the European Community
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      • Article
        Gathering of Foochow clan
        51 2 SINGAPORE'S Foochow clan association scored a first yesterday with the opening of an international conference for members from all over the world. The conference, jointly organised with the Federation of Foochow Associations of Malaysia, is part of the Singapore association's 80th anniversary celebrations which took place
        51 words
      • Article
        British team at Sibex
        46 2 ABOUT 16 British companies are exhibiting building products and services at Sibex'9o, a four-day building exposition now on at the World Trade Centre. The British pavilion is co-ordinated by the Building Centre of London and the UK Department of Trade and Industry.
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      • Article
        Our nation-builders
        67 2 "COOLIES AT WORK" tableaux will be the highlight of Sentosa's Pioneers Fest from May 21 to June 15. The festival, to honour and commemorate the people who helped lay the foundations for the Republic, is part of Sentosa's contribution to Singapore's 25th Anniversary celebrations. There will also be
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      • Article
        Dunhill at the Paragon
        70 2 ALFRED DUNHILL Singapore will open a new boutique at Orchard Road's Paragon shopping complex to the sounds of popping champagne. The opening ceremony on May 23 will feature a fencing demonstration by the British Olympic Team ai)d an exhibition match with local fencers James Wong and
        70 words
      • Article
        Smartview reaches out
        63 2 SMARTVIEW Software, a sophisticated computer-based system designed for users' information needs, has been extended to the manufacturing sector. The system, linked to Dun Bradstreet Software's Expert Series General Ledger, filters and organises information as well as focuses on critical success factors for companies. Executives can obtain financial
        63 words
      • Article
        No more third shift
        63 2 THE third shift of the Tanjong Pagar complex's Port Clearance office on the third floor will be closed from June 1. The third shift currently operates from 11pm to 7am the next day. Declarations of vessel arrivals or applications for port clearance should therefore be channelled
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    • Article
      Australia, Asean must enhance trade ties
      340 2  -  By Shoeb Kagda SHIFTING geo-economic trends around the world present both Asean and Australia with challenges as well as new opportunities, said Acting Minister for Foreign Affairs, Peter Sung, at the opening of the Asean-Austra-lia Forum yesterday. The two dialogue partners will have to
      340 words
    • Article, Illustration
      Latin America chief to steer Glaxo Far East
      180 2 GLAXO HOLDINGS, the world's third largest pharmaceutical company, has named Arthur M Pappas as chairman and managing director of Glaxo Far East (Pte) Ltd. Mr Pappas assumes direct responsibility for Glaxo's interests in the Far East (excluding Japan), India, Australiasia, South Africa,
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    • Article
      More late CPF payments
      144 2 DESPITE the strong economy, the number of employers who are late in their Central Provident Fund contributions has gone up by 10 per cent to almost 4,000 in the first quarter of this year. This was revealed yesterday by the CPF board, which is stepping up
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    • Article
      Hwa Tat Lee has strong grip on furniture sector
      417 2  -  By Phang Hsiao Chung HWA TAT LEE Manufacturing Pte Ltd has a booming business making leather sofa sets. The family-owned furniture company is part of the Hwa Tat Lee group, which recorded a turnover of $55 million last year, up $18
      417 words
    • Article, Illustration
      Raid on warehouse pins culprits
      235 2  -  By Quak Hiang Whai A RAID on a Kallang Place warehouse of local trader Sungai Trading yesterday uncovered millions of tag pins. The tag pins were alleged to have infringed the patent rights that protect Dennison Transoceanic, a company which claimed to be the only
      235 words
    • Article, Illustration
      Re-elected SMA head lines up various missions
      351 2 PROMPTED by changes in Batam, the Singapore Manufacturers Association will lead a huge trade mission to visit the Indonesian island in the next two to three months. The mission, to comprise more than 100 companies, will look for investment opportunities in labour-inten-sive light
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      98 2 El to 11 desserts. The umbvnce. a cosy mluse. uith all the jhhH fl 3c iv-. Wy tnmmmgs to enhance tpur taste. oml ex f* nmcx exntK n,t^er 1000 smiles jij& X* Dmers ufe spend $/5Q or more u<ill rncaue 2 caws (JJO ml) of PRX£ 13m fne, from mm
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      FCC's Manila unit plans to go public
      425 3  -  From Al O Labita Jr in MANILA FIRST LEPANTO Corporation (FLC), a joint venture between first Capital Corporation (FCC) and Manilabased Lepanto Consolidated Mining Company, is seeking a listing in the Philippines. FLC has asked the Philippine Securities and Exchange Commission for authority
      425 words
    • Article
      Magnum proposes 1-for-3 bonus issue
      306 3  -  By William Chia DIVERSIFIED gaming group Magnum Corporation Bhd has proposed a one-for-three bonus issue involving 35.67 million new shares. Magnum said the bonus issue would increase its issued capital to a level that would better reflect its current scale of operations and value of
      306 words
    • Article
      SLI settles dispute with Bangkok Bank
      272 3  -  By Amy Balan A LONGSTANDING $10 million dispute between Sim Lim Investments Ltd and Bangkok Bank over debts incurred by a former subsidiary has finally been settled following intervention by SLl's parent, Summa Surya International Ltd. Under the settlement terms, Bangkok Bank will unconditionally
      272 words
    • Article
      Lock icon CIC to carry out fifth revision of guidelines
      264 3 Bernama THE MALAYSIAN Capital Issues Committee (CIC) is undertaking a fifth revision of its guidelines to keep abreast of the dynamic securities market and to allow a better understanding of its policies and principles within corporate circles. As before, the CIC would
      Bernama  -  264 words
    • Article
      Lock icon Thin profits forcing Malaysian tin companies to diversify
      804 3 MARKET TALK Reuter TIN MINING companies in Malaysia, once the world's largest producers of the metal, are diversifying their operations to maintain profits hit by rising production costs and falling tin prices. Analysts say some firms, finding it increasingly difficult to continue
      Reuter  -  804 words
    • Article
      UIC has lined up financing for SingLand offer
      346 3 UNITED INDUSTRIAL Corp Ltd said yesterday it has financing in place to satisfy full acceptance of its $2.6 billion offer for property group Singapore Land Ltd which closes today. To date, UIC has committed about $960 million in its bid for Sing
      346 words
    • Article
      SES listing for Burwill next week
      383 3  -  By Conrad Raj BURWILL Holdings Ltd, the Hongkong company in which Intraco has a 21 per cent stake, is to list its shares on the Stock Exchange of Singapore next week. The company is introducing all 447.45 million HKIO cent shares in a secondary
      383 words
    • COMPANY BRIEFS
      • Article
        Mechmar wins M$35m contract
        125 3 MECHMAR CORPORATION (M) Bhd said it has secured* Ms3s million contract to manufacture and supply pressure vessels for the Petronas Gas processing plant on the east coast of Malaysia. The contract will be executed through its subsidiary, Mechmar Harrick Sdn Bhd, which was recently awarded pioneer
        125 words
      • Article
        Gopeng finalises share purchase
        96 3 GOPENG BHD has finalised arrangmients to acquire a 20 per cent stake, comprising two million shares, in Innovest Lyonnaise Sdn Bhd (ILSB) from Gelombang Perak Sdn Bhd (GPSB) for Msl.3 million cash. Gopeng said the proposed acquisition would be financed from internal sources. The 1 company
        96 words
      • Article
        Landmarks negotiating projects
        121 3 LANDMARKS BHD is negotiating with several Malaysian state economic development corporations as well as private landowners for seaside properties to develop into new resort projects. Managing director Hassan Abas said: "We have also been approached by a few landowners to set up resorts in joint venture with
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      229 3 HOTEL MERIDIEN Pull a few strings. Take a business break in Phuket. Have your next meeting on a tropical island. Le Meridien Phuket has a special meetings package that cost-effectively combines efficient business facilities and the pleasures of life on a tropical island. The full 4 Meeting Package' includes: three
      229 words
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Ayala reports 67pc rise in net income
        68 4 AYALA CORP, holding company for a real estate-based Philippine conglomerate, yesterday reported net income of 1.24 billion pesos (US$54 million) for 1989, up by 67 per cent over the year before. The group includes Ayala Land and the Bank of the Philippine Islands.
        68 words
      • Article
        Westpac profit down
        57 4 AUSTRALIA'S biggest bank, Westpac Banking, yesterday knocked the local share market lower by announcing an 8 per cent drop in half-year net profit to A 5354 million (US$269 million). Analysts attributed the result to more than a year of high interest rates, which have caused a wave
        57 words
      • Article
        Nippon takes stake in bank
        89 4 JAPAN'S Nippon Credit Bank Ltd has acquired 10 per cent of US investment bank and takeover specialist Morgan Lewis Githens and Ahn Ltd for US$25 million. An official said yesterday that the acquisition included 10 per cent of two affiliated partnerships. The move reportedly aims
        89 words
      • Article
        Joint chemical plant
        51 4 INDONESIA'S Bakrie and Brothers and Mitsubishi of Japan will establish a US$2OO million chemical plant in Indonesia this year, the Indonesian company's president director said on Wednesday. Aburizal Bakrie said the plant will produce 225,000 tonnes a year of purified terephtalic acid, a raw material for textile
        51 words
      • Article
        Mitsubishi-Mercedes effort
        85 4 MITSUBISHI Motor Corporation of Japan and Mercedes Benz AG of West Germany will work together on environmental problems caused by automobile exhaust emissions, a Mitsubishi source said on Wednesday. The cooperation could include exchanging engineers, technology transfer and the creation of joint research teams, although no formal agreement
        85 words
      • Article
        Mitsui expects higher profit
        68 4 REAL ESTATE company Mitsui Real Estate Development Co Ltd said it expects parent net profit to rise to 32 billion yen in the year ending March 31, 1991, from 29.01 billion a year earlier. The company sees current profit increasing to 62 billion yen in 199(V91
        68 words
      • Article
        Citizen enjoys 30pc rise
        82 4 CITIZEN Watch Co said on Wednesday that its net profits for the fiscal year ending March were up 30.2 per cent to 7.8 billion yen (US$54 million). The watchmaker, which is also involved in computers and electronics, said in its official report that its turnover for
        82 words
    • Article, Illustration
      Lock icon Pakistani airline to make 270m-rupee share offer
      314 4 AFP PAKISTAN International Airlines (PIA) is to offer about 27.4 million shares worth 270 million rupees to the public as part of the government's privatisation policy, airline sources said. The offer for the 10 rupee shares will begin on May 21 and will
      AFP  -  314 words
    • Article
      Lock icon Bond to sell stake in HK company
      328 4 AFP AUSTRALIAN businessman Alan Bond has announced the sale of his publicly listed Hongkong foothold, Bond Corp International Ltd (BCIL). A BCIL statement said its Perth-based parent, Bond Corp Holdings Ltd, has agreed to sell its 66 per cent stake in BCIL for
      AFP  -  328 words
    • Article
      Lock icon Fund sponsored by ADB raises US$65m
      212 4 AFP AN investment fund sponsored by the Asian Development Bank (ADB) has raised US$65 million since its inception in January, an official at Nikko International Capital Management Ltd said. The official said that Japanese institutional investors had contributed $52 million towards the fund which
      AFP  -  212 words
    • Article
      Lock icon Exchange probes trading at Japanese bank
      309 4 FT THE Tokyo Stock Exchange on Tuesday began an investigation into the trading of shares of Long-Term Credit Bank, one of Japan's top banks, to check for possible infringements of insider trading laws. The decision follows a sudden jump in the bank's share price
      FT  -  309 words
    • Article, Illustration
      Temerloh plans diversification
      272 4 TEMERLOH RUBBER Estates Bhd (TRE), which announced a number of acquisitions recently, has plans to venture into manufacturing, its chairman Tan Sri Azman Hashim, said. The company, which recently launched the highly innovative 'mezzanine capital' concept, was looking at manufacturing as a possible activity, added Tan Sri
      272 words
    • Article
      Lock icon Lion still in running to buy Bond breweries
      130 4 AFP NEW ZEALAND brewing giant Lion Nathan is still in the running to buy Bond Corp Holdings Ltd's breweries and still believes a sale will take place, Lion chief executive Doug Myers said on Wednesday. "Bond, for us, is still a buy
      AFP  -  130 words
    • Article
      Lock icon Dairy Farm deal
      96 4 Reuter DAIRY FARM International Holdings Ltd said its whollyowned Dairy Farm Espana SA unit has agreed to buy the entire issued share capital of Simago SA, operator of a retail chain in Spain. The US$l26 million purchase, from Spain's Groupo March, was agreed on Wednesday but is
      Reuter  -  96 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      113 4 HL_- -1 Ik. vH^Hp Dauphin Sitzrultur A HEALTHY BACRBONE IS ESSENTIAL FOR PEBFORMANCE. |Mm Distinguished design and high quality materials express fne identity of a company Masferline is a programme of executive made in West Germany Master Line promotes pleasure and motivation for one's works, thus enhancing performances Available ex-stock,
      113 words
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      Page 4 Advertisements Column 2
      28 4 Local banks: Are record earnings sustainable? Find out in BT's Banking. Finance 8c Insurance Supplement 1990 On May 24 Business Times I CHARTPOINT Every Saturday in Business Times
      28 words
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      184 5 k; i .J: i?- 1■• Wp/>- > 4 4 T wiii '\Sf y L~* c l-' .<■ y m 'i C 4 Cw 40 t '2 .A ti> I A T <14 s u -ji si >8 ♦> *> ii EXIT OBSOLESCENCE. ENTER THE ALR VEISA SERIES. POWER 91 Aivin
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Mitsubishi in turbine deal with Westinghouse
        92 6 VffTSUBISHI Heavy Industries Ltd has won a US$5OO milliaA contract with Westinghouse Electric Corp to supply 10 tujjbine generators for a power plant to be built in England. Tfc two companies won the order from Enron Power Corp, a Houston, Texas, company in charge
        92 words
      • Article
        Skanska's Danish project
        80 6 SWEDISH construction group Skanska AB has announced a two billion Danish crown project jointly with Denmark's JPC to fcuild an office and shopping complex in central Copenhagen. A Skanska statement said its subsidiary Drott AB held an BCrper cent stake in the project with JPC, a small
        80 words
      • Article
        Rolls-Royce in joint study
        74 6 BRITISH aircraft engine maker Rolls-Royce said on Wednesday that it was to study with two Soviet firms the development of a jet engine for a supersonic aircraft for business travellers. Rolls-Royce said it had signed an agreement to this efßct with Soviet aeronautics concern Sukhoi and
        74 words
      • Article
        ABB in tie-up with Samsung
        89 6 SWEDISH-SWISS engineering group ABB Asea Brown Boveri AQhas signed an agreement with Samsung Electronics to sell industrial robots on the South Korean market. Under the agflsement, estimated to be worth 500 million crowns for ABB's Robotics unit over the next five years, ABB will supply
        89 words
      • Article
        Brazil to privatise companies
        85 6 THE Brazilian government announced on Wednesday that it will privatise six state-owned enterprises valued at US$7 billion in 1990 as part of President Fernado Collor de Mello's liberalisation programme. The companies included four steelworks, a factory that makes locomotives and railroad cars and a petrochemical plant.
        85 words
      • Article
        Writ against Tebbit
        94 6 LONRHO pic said in a statement that it had issued a High Court writ against former Secretary of State for Trade and Industry Norman Tebbit. "The claim is for substantial damages for loss of Lonrho's opportunity to bid for House of Fraser in 1985," it said. Sweden's
        94 words
      • Article
        Chrysler investment
        78 6 ijiRYSLER Corp will invest about US$l9O million in major itoansion and new equipment at its Kokomo Transmission, Casting, and New Castle Machining and Forge plants in Indiana. The company said the bulk of the funds, US$l5O Bullion, will be spent at the transmission plant to expand the Ability
        78 words
    • Article, Illustration
      Lock icon Battle lines drawn over single European bourse
      404 6 AFP A BATTLE between Paris and London over the formation of a single European stock market is expected to flare up this week during a meeting in Copenhagen of the federation of European stock markets. London, with its SEAQ International which quotes leading
      AFP  -  404 words
    • Article
      Lock icon Grand Met has options if Elders deal is blocked
      467 6 Reuter GRAND METROPOLITAN pic said it would probably sell its breweries to an overseas brewing firm if the UK government blocks its brew-eries-for-pubs swap with Courage Ltd, a unit of Australian Elders IXL Ltd. Group chairman Allen Sheppard, speaking at a
      Reuter  -  467 words
    • Article
      Lock icon Volvo discloses profit fall amid pessimistic forecasts
      395 6 Reuter A 47 PER CENT fall in firstquarter 1990 profits for Swedish vchicle manufacturer AB Volvo met expectations that weakening markets would hit the firm, and the troubles were likely to continue, analysts said. "We have probably just begun the beginning of the
      Reuter  -  395 words
    • Article
      Lock icon NTT selects foreign partners
      103 6 Reuter NIPPON TELEGRAPH and Telephone Corp (NTT) said it selected three foreign partners to develop jointly a digitalised mobile communications system. The three firms are American Telephone and Telegraph Co and Motorola Inc, both of the US, and Ericsson Radio Systems AB, a unit of Telefonaktiebolaget
      Reuter  -  103 words
    • Article
      Lock icon Burda wins US$365m contract from Murdoch
      182 6 Reuter WEST GERMAN publishing and printing group Burda GmbH said on Wednesday that it had won a 600 million Deutschemark (US$365 million) contract from Rupert Murdoch's London-based News International pic. It said it was the largest contract awarded in Europe to print magazines. Starting
      Reuter  -  182 words
    • Article
      Lock icon Saatchi account directors to form own firm
      215 6 Reuter SIX ACCOUNT directors have resigned from Saatchi and Saatchi Advertising Ltd, the British arm of advertising agency Saatchi and Saatchi pic, to form their own advertising business. The new publicity firm would be called Cowan, Kemsley, Taylor Ltd. Saatchi shares were 8p
      Reuter  -  215 words
    • Article
      Lock icon Nobel Industrier to acquire chemicals company
      226 6 Reuter SWEDEN'S Nobel Industrier AB has reached agreement in principle to acquire the Stora Kemi chemicals unit from the Stora Kopparbergs Bergslags AB forestry group for 1.925 billion crowns. Nobel said yesterday that Stora Kemi would be included in its subsidiary Eka Nobel, which
      Reuter  -  226 words
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      Page 6 Advertisements Column 1
      96 6 gMfe Vte .M v > Ig|l 1 1 JBfa ■■re- mm aft You experience our personal touch at Liang Court Regency. The experience begins with a special welcome bouquet. And during your stay, you'll notice the many little things that get done quietly and efficiently. Come stay with us and
      96 words
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      Page 6 Advertisements Column 2
      121 6 This announcement appears as a matter of record only I P.T. BANK UMUM NASIONAL I U5520,000,000 V I I REVOLVING CREDIT FACILITY I I I I Arranged bv I I ffvil ASEAN FINANCE CORPORATION LIMITED I AFC NDC MERCHANT BANK LTD I Participating banks I I ASEAN Finance Corporation Limited
      121 words
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  • FINANCIAL NEWS
    • Article
      Lock icon Public Bank joins rates fray to attract funds
      516 7 Bernama SEVERAL commercial banks and finance companies in Malaysia have raised their fixed deposit rates to attract funds in an attempt to remain competitive in a tighter liquidity situation. The latest to join in the move are Public Bank Bhd and Public
      Bernama  -  516 words
    • SMALL CHANGE
      • Article
        DBS Finance raises savings rate
        40 7 DBS Finance and its subsidiary, Great Pacific Finance, will raise their savings rate today. The new rate for their savings account is 4.25 per cent, up a quarter point. Their fixed deposit rates remain unchanged.
        40 words
      • Article
        Swiss decide to join IMF
        59 7 SWITZERLAND'S federal executive announced on Wednesday that it will apply for membership of the International Monetary Fund and the World Bank. A statement said the government would decide on whether to refer the issue for parliamentary approval after it receives an IMF report on the
        59 words
    • Article
      Lock icon Japanese urged to relax rules on insurance sector
      268 7 AFP AN ADVISORY panel urged the Japanese government on Wednesday to lift the strict legal barriers separating insurance firms and to allow the industry to engage in related financial activities. The report by a subcommittee of the Insurance Council, set up in
      AFP  -  268 words
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      150 words
  • Page 7 Miscellaneous
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  • THE REGION 1
    • Article
      Lock icon Call to include more private sector members
      364 8 Bernama TRADE AND Industry Minister Datuk Seri Rafidah Aziz yesterday said that Joint Economic Commissions (JECs) set up between Malaysia and various countries should include more members from the private sector. In her opening remarks at a dialogue session between her ministry and
      Bernama  -  364 words
    • Article
      Lock icon Five firms bidding for KL electricity board contract
      309 8 Bernama ONE JAPANESE and four European companies are bidding to supply the Malaysian National Electricity Board (NEB) with seven new gas turbines to increase output by an extra 800 megawatts soon after the NEB's planned privatisation next year. Power to be generated
      Bernama  -  309 words
    • Article, Illustration
      Lock icon What price friendship? asks US as Manila claims shortfall
      446 8 Reuter THE United States has bluntly told the Philippines not to measure friendship in dollars, but Manila said talks on the future of l/S military bases could be in danger unless a cash shortfall was paid. The US and the Philippines
      Reuter  -  446 words
    • Article
      Lock icon Tin stocks up sharply, says ATPC
      160 8 AFP THE Association of Tin Producing Countries (ATPC) said yesterday that despite a lid on exports, world tin stocks rose to 43,200 tonnes at the end of February from 33,200 tonnes a year earlier. The ATPC, grouping Australia, Bolivia, Indonesia, Malaysia, Nigeria, Thailand and
      AFP  -  160 words
    • Article
      Lock icon Inro buys 30,000 tonnes of rubber
      178 8 AFP THE International Natural Rubber Organisation (Inro) said yesterday that it bought 30,000 tonnes of natural rubber in March to stabilise prices. Inro buffer stock manager Aldo Hofmeister said the purchase was the biggest since he started buying rubber in January, when prices moved
      AFP  -  178 words
    • Article
      Philippine firms eyeing computer market in EC
      366 8  -  From Al O Labita Jr in MANILA THE Philippines is eyeing a share of the increasingly lucrative market for the computer industry in the European Community (EC) in the run-up to its single market scheme by 1992. During the recent international telecommunications fair
      366 words
    • Article
      Lock icon Unethical firms hindering direct selling
      245 8 Bernama THE MAIN PROBLEM facing direct selling associations worldwide is dealing with unethical companies which use unfair business methods to try to copy the direct selling achievements, a world leader in the industry said in Kuala Lumpur yesterday. These "black sheep" who arc only thinking
      Bernama  -  245 words
    • Article
      Gen Try assures businesses of cooperation
      306 9 THE INDONESIAN Armed Forces (Abri) Commander Gen Try Sutrisno says Abri, in its role as a socio-political force, will always cooperate with other forces in coping with problems hampering national economic growth. Speaking at the opening of a two-day Idul Fitri get-to-gether in Jakarta
      306 words
    • Article
      Call to set up provident funds for Thai officials
      183 9 THE THAI Finance Ministry has proposed the establishment of provident funds for officials to cabinet. This is expected to be discussed at the ministers' next meeting, according to a report in The Bangkok Post. The ministry has proposed that the government
      183 words
    • Article
      Thais aim to clear debts in two years
      313 9 THAILAND will be able to clear its present external debt burden by 1992, according to the executive vice-president of Thailand Development Research Institute, Dr Narongchai Akarasanee. This projection is based on a TDRI study of Thailand's financial policy and projected external developments.
      313 words
    • Article, Illustration
      Lock icon Birthday bash for Uncle Ho belies Vietnam's poverty
      405 9 AFP VIETNAM is preparing to celebrate the 100 th anniversary of the birthday of Ho Chi Minh, the father of its independence and the founder of its socialist system, amid a backdrop of economic malaise and political uncertainty. The authorities are placing
      AFP  -  405 words
    • Article
      Improve services, Suharto tells investment board
      305 9 PRESIDENT Suharto has asked the Investment Coordinating Board (BKPM) to further streamline investment procedures and to consistently implement government policies, the Jakarta Post reported on Wednesday. BKPM was responsible for promoting investments within the country and abroad, the president told the opening session of
      305 words
    • Article, Illustration
      Lock icon Belgium, Holland make 'gateway' offers
      273 9 AFP VISITING Belgian and Dutch trade ministers have both offered in the space of 24 hours to provide their nations' port facilities to serve as Indonesia's gateway to the European market. The trade ministers of both European countries, Piet Bukman of The Netherlands and Robert
      AFP; AFP picture  -  273 words
    • Article
      Lock icon Rangoon dismisses US import ban threat
      204 9 AFP A US SENATE-sponsored bill which would ban imports of goods of Burmese origin is a political move which will have no effect on Burma, a top Rangoon diplomat has said. Direct trade between the US and Burma is "minimal", the Burmese ambassador to
      AFP  -  204 words
    • NOTE BOOK
      • Article
        Philippine trade deficit doubled in first quarter
        123 9 THE PHILIPPINE trade deficit almost doubled in the first quarter of 1990 as imports surged, adding to President Corazon Aquino's economic woes. The National Statistics Office yesterday said that the trade gap was US$B77 million between January and March, almost double the US$442
        123 words
      • Article
        Enrile refuses to testify
        63 9 PHILIPPINE opposition leader Juan Ponce Enrile has refused to testify to a special state commission about last December's coup attempt, saying the government might use his statements against him in his own rebellion trial. Senator Enrile's lawyers said they would go to the Supreme Court to
        63 words
      • Article
        More Cambodian boat people
        77 9 TWO BOATS carrying a total of 153 Cambodians have arrived on the west coast of Kalimantan, bringing the total number of Cambodian boat people to Indonesia to 228 in two weeks. They were the fifth and sixth groups of Cambodian refugees to arrive in Indonesia since
        77 words
      • Article
        KL urges action on Cambodia
        93 9 MALAYSIA has urged the United Nations to find a quick solution to the Cambodian conflict to end the suffering of its people. Acting Foreign Minister Tengku Ahmad Rithauddeen said it was important that the world body, especially the five permanent members of the Security Council,
        93 words
    • Article
      Lock icon Buyer of Van Gogh painting identified
      131 9 AP VAN GOGH'S Portrait ofDr Gachet was bought by the honorary chairman of a major Japanese paper company, the Nihon Keizai said. The economic newspaper yesterday quoted Ryoei Saito, 74, as saying that the world's most expensive painting, at USSB2.S million, "was 5 billion
      AP  -  131 words
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      84 8 TEPPANYAKI SPECIAL ATfTHE GjNGA Ginga Japanese Restaurant serves up a distinctive Teppanyaki Set Lunch, as authentic as you might eat it in the land of the rising sun, for only $20++ per penon. Live it up with the taste of Japanese seafood in the evening Retreat into our cosy If
      84 words
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      Page 8 Advertisements Column 2
      12 8 ON SALE NOW IBJP^PP^v^ Wft W H JH I I ■Pf If
      12 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      99 9 Van Doome's Bedrijfswagenfabriek DAF B.V. DAF Diesel is proud to announce the appointment of AVM DIESEL (F.E.) PTE LTD as the sole distributor of DAF Marine and Industrial Engines, Services and Spare parts. AVM Diesel (F.E.) Re Ltd 28 Hillview Terrace. Singapore 2366 Tel: *****33 Telefax: *****88 Telex: RS *****
      99 words
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        Poland and Hungary to get US$108m EC aid
        96 10 POLAND AND HUNGARY are to receive EC aid of US$lOB million, more than half of which will go towards repairing their damaged environments, the European Commission announced on Wednesday. The allocation of 86.5 million European Currency Units (ECUs) is part of 300
        96 words
      • Article
        Bush discloses personal assets
        77 10 US PRESIDENT George Bush's personal worth is valued at U552,352,500, most of it in a blind trust, and he has liabilities of just U5549,000, the White House says. In addition to the blind trust, Mr Bush's principal asset is his seaside home in Kennebunkport, Maine, which
        77 words
      • Article
        Baker takes a break in Moscow
        122 10 US SECRETARY OF STATE James Baker was expected to vary an agenda in Moscow heavy with the Baltic republics, arms control and human rights by taking a sightseeing excursion to a monastery yesterday. The trip with Soviet Foreign Minister Eduard Shevardnadze to the Zagorsk
        122 words
      • Article
        French output likely to pick up
        85 10 PROSPECTS for French industrial production are favourable in the short term, after a mixed performance last month. In its latest monthly survey, the Bank of France forecast a moderate recovery in activity by the summer holiday months, with the most noticeable improvement in capital
        85 words
      • Article
        Meeting on E Bloc economies
        55 10 SEVERAL HUNDRED Hungarian and foreign experts and dignitaries started a three-day conference in Budapest on Wednesday seeking ways of getting Eastern Europe's stagnating planned economies retooled along market economy lines. The conference is sponsored by the 23-nation Council of Europe Parliamentary Assembly and is the
        55 words
      • Article
        Lithuanian PM to visit Moscow
        58 10 LITHUANIAN PRIME MINISTER Kazimiera Prunskiene was scheduled to travel to Moscow yesterday, officials in the Baltic republic said on Wednesday. There was no official word on the reason for the visit, but observers said Mrs Prunskiene could be hoping to engage in talks with the
        58 words
      • Article
        Mexico considering trade talks
        69 10 MEXICO will decide next week whether to engage in freetrade negotiations with the US, said Mexican Commerce Minister Jaime Serra Puche in Mexico City on Wednesday, adding that the talks seemed likely to go ahead. President Carlos Salinas de Gortari called for a national debate last
        69 words
      • Article
        Opposition raps NZ Cabinet
        102 10 AN OPPOSITION POLITICIAN alleged in the New Zealand Parliament on Wednesday that the Cabinet had been lured into an "unbelievable lifestyle" of the rich and famous. Paul East of the National Party said that he found it ironic that former prime minister David Lange, who represented
        102 words
    • Article, Illustration
      Lock icon Bush won't appeal to public on deficit cuts yet
      495 10 AP US PRESIDENT George Bush has said he won't move to rally public support for budget deficit cuts until a bipartisan compromise is reached, saying it could "send the wrong signals" to financial markets. The Republican leader also said he won't
      AP; AFP picture  -  495 words
    • Article
      Lock icon Illegal workers in Japan panic over immigration laws
      367 10 AP A NEW IMMIGRATION law to go into effect on June 1 has created fear and confusion among tens of thousands of illegal workers in Japan, both for the harsh sanctions it threatens and the uncertainty over how it will work. Thousands
      AP  -  367 words
    • Article
      Lock icon No assurance, no loan, Nicaragua told
      80 10 Reuter PRESIDENT George Bush said the US cannot provide a US$4O million emergency loan requested by Nicaragua and he urged Congress to get moving on legislation providing money to the new government in Managua. M I can't provide that be- cause the Nicaraguans have
      Reuter  -  80 words
    • Article
      Lock icon India rejects US mediation bid
      153 10 AFP INDIA has rejected the possibility of the US playing a mediatory role between Islamabad and New Delhi over Kashmir where Muslim militants are spearheading a campaign against Indian rule. An External Affairs Ministry spokesman told reporters in New Delhi on Wednesday that India welcomed
      AFP  -  153 words
    • Article
      Lock icon Gorbachev is firmly in control, says US
      387 10 Reuter THE US believes Soviet leader Mikhail Gorbachev is in firm control in Moscow, despite unrest in the Baltic republics that President George Bush says clouds a superpower summit opening in Washington in two weeks. "Gorbachev is in charge... he's been in charge
      Reuter  -  387 words
    • Article
      Lock icon Bush and Congress agonise over trade privileges to China
      368 10 AP US CONGRESS members and President Bush say they are wrestling with whether or not to halt US trade concessions to China to demonstrate disapproval of Beijing's crackdown on democratic and economic reforms. "I don't want to send a signal that
      AP  -  368 words
    • Article
      Lock icon North Korea rejects Hyundai donation
      273 10 Reuter NORTH KOREA has rejected a South Korean conglomerate's donation of cars and building equipment and cancelled an agreement for the joint development of a Northern mountain area. The North Korean Central News Agency, monitored in Tokyo on Wednesday, said the cancellation was announced by
      Reuter  -  273 words
    • Article
      Lock icon 'Defection' sends shock waves through HK
      381 10 AFP THE ABRUPT departure for the US of Beijing's former top envoy in Hongkong, seen by many as amounting to an unofficial defection, can only further sap the British colony's confidence in the run-up to China's takeover, say analysts. Hongkong has been buffeted by
      AFP  -  381 words
    • Article, Illustration
      Lock icon Kohl urges EC companies to invest in East Germany
      421 11 AP WEST GERMAN Chancellor Helmut Kohl has urged European Community companies to invest in East Germany in the interest of both the EC and a united Germany. "Help out, invest in the GDR (East Germany)," he told the European Parliament in
      AP; AFP picture  -  421 words
    • Article
      Lock icon Soviet pullout from E Germany suspended: Bonn
      247 11 AFP THE SOVIET UNION has suspended the unilateral troop withdrawal from East Germany announced by President Mikhail Gorbachev in 1988, a West German Defence Ministry spokesman said in Bonn on Wednesday. Western military sources in West Berlin confirmed that all the indications were
      AFP  -  247 words
    • Article
      Lock icon E Germany rules out early combined elections
      270 11 Reuter EAST GERMANY has dismissed growing West German clamour for all-German elections by next January, saying it needs time to restore a federal governing system first. Alarmed by defeats in two West German state elections last weekend, Chancellor Helmut Kohl's Christian Democrats (CDU)
      Reuter  -  270 words
    • Article
      Lock icon Discord over key roles in European bank
      391 11 Reuter THE NETHERLANDS on Wednesday led a revolt of seven small European Community nations against a controversial Franco-British deal to carve up the key roles in a new development bank to help Eastern Europe. The Dutch Finance Ministry said the seven felt shut
      Reuter  -  391 words
    • Article
      Lock icon De Klerk meets Delors and Belgian PM
      130 11 Reuter SOUTH AFRICAN President F W de Klerk forged ahead with his campaign to sell South African apartheid reform to the European Community yesterday, meeting Belgian Prime Minister Wilfried Martens and European Commission President Jacques Delors. He insists he is not in Europe
      Reuter  -  130 words
    • Article
      Lock icon Delay in Gatt anti-dumping ruling
      287 11 Reuter THE EUROPEAN Community is to delay implementing a Gatt ruling against antidumping measures which it imposed on several Japanese assembly plants in Europe. It told the council of the Geneva-based General Agreement on Tariffs and Trade in Geneva on Wednesday that that it accepted
      Reuter  -  287 words
    • Article
      Lock icon Nato to scrap set targets for spending on defence
      315 11 Reuter NATO is to scrap long-stand-ing targets for national defence spending as part of a review of military needs in the post-Cold War era, alliance sources said yesterday. Defence ministers meeting in Brussels next week will drop the official target of
      Reuter  -  315 words
    • Article
      Lock icon Battle looms over high-definition TV
      166 11 Reuter THE BATTLE LINES are being drawn this month over a multi-billion-dollar market for the television of the future. But new-generation high definition television (HDTV), which offers cine-ma-quality clarity, is clouded by disputes over whose technology should be adopted as the world standard. Corporate and
      Reuter  -  166 words
    • Article
      Lock icon Iran holds talks with EC
      102 11 AFP IRANIAN and European Community officials held unprecedented talks in Dublin on Wednesday, with Iranian delegation chief Hussein Moussavian describing the contacts as "constructive, complete and friendly". He said that Iran's strained relations with Britain, which resulted in a cooling of its ties with the
      AFP  -  102 words
  • Page 10 Advertisements
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      514 10 EIGHTH WORLD LEASING CONVENTION HAY AMF Jap«n: by Akb Olaru, Managng Dnclor, Tokyo Leasrg Co Ud, Tokyo VJtl VIII xxw,;,;,: Canada by Randy Eccles, Chairman, Equipment Lesson AssocaOon of Canada Director, KEYNOTE ADDRESS Operations, Pitney Boms Leasing. Messsauga. Ontano Sfa e ,or Tr3d 4 lndustry and Uinem ,or THE DEVELOPING
      514 words
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      Page 11 Advertisements Column 1
      213 11 Global Strategies Supplement 1990 'Global Strategies: World Class Partnerships' is the theme of Business Times' second Global Strategies Supplement. To be published on June 4, 1990, it will coincide with the Global Strategies Conference a meeting for over 1,000 senior executives from multi-national corporations and local companies to discuss key
      213 words
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      Page 11 Advertisements Column 2
      34 11 By Special Release Of CHINA'S BUREAU OF ANTIQUITY HAN TANG Sculptures Furniture Paintings Date Frl 18th -Tue 22nd May 1990 Venue Singapore Chinese Chamber of Commerce, 47 Hill Street Time :11 am -8 pm
      34 words
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  • Article
    Something for everyone
    467 12 EDITORIAL TAIWAN'S dramatic announcement that it wishes to hold talks with China is a welcome move which, if realised, will have beneficial results not only for the two parties but for the Asia-Pacific region as a whole. Since 1949, when the communist victory on the mainland forced
    467 words
  • WHAT THE OTHERS SAY
    • Article
      Keep China's MFN status
      231 12 THE United States Congress has a new weapon to demonstrate its outrage over what it regards as continuing repression in China ever since the Tiananmen crackdown last June. That weapon is Congress's power to throw a spanner in the works should the President decide to renew
      231 words
    • Article
      Stick to economics
      137 12 JAPAN is an economic superpower. However, it has yet to open its markets fully to countries in South-east Asia. On its military stance, Japan has reiterated that it has no wish to become a military superpower. However, after its former defence minister visited Singapore and Indonesia in
      137 words
    • Article
      Labour college a milestone
      104 12 GONE ARE THE DAYS when many union activists had sketchy education and were struggling to earn the respect of their employers. Today, the setting-up of the Labour College is an indication of how far the national workers movement has come, and the premium placed on the
      104 words
  • REGIONAL VIEWPOINTS
    • Article
      The wood and the trees
      150 12 THE EIGHTH conference of the International Tropical Timber Organisation council is a good opportunity for both the critics of tropical forest management, represented by the 24 consuming member countries, and the 19 producing member countries which have been accused of recklessly exploiting their foiests, to
      150 words
    • Article
      The enigmatic city
      166 12 WHEN ADVENTURERS first made their way up to the confluence of the Klang and Gombak rivers, they were driven by a dream of wealth. It had to have been a compelling dream because the wealth then tin had to be wrested from untamed, hence inhospitable, grounds of
      166 words
    • Article
      Plugging a brain drain
      157 12 AS THE "brain drain" worsens, the private sector and the government are contemplating novel ways to entice staff either to stay or, if they should go, come back once they have obtained foreign passports. The Civil Aviation Department is the first in the public sector to
      157 words
  • Article, Illustration
    Lock icon Till debt do us part?
    825 12 Alliances and joint ventures in the language of love Economist THE WORLD of business is as faddish as any other. As soon as one business fashion dies, another usually pops up to take its place. Sure enough, just as the vogue for aggressive takeovers in
    Economist  -  825 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      89 12 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European fj/V? JP 1 merger. I FOCUS zooms in on the news and 5T issues of the day and looks at them in more depth and breadth. FOCUS is the
      89 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      79 12 DOONESBURY LET ME JUST SAY ONE LAST WHEN PEOPLE SEE A DECEMBER- MY LAUYtRS TOOK MOSTOF HHAJ THING HERE AM? THEN I'LL- MAY COUPLE SUCH ASUS,JC/RE ISAVCP THROUGH THE YEARS, MM. DO I DON'T GET SHLTT UPANDSTT DOWN SOMETIMES TEMRTEV TO MAKE AND MY EX-MFE GOT THE REST. YOU SUP-
      79 words
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  • ANALYSIS
    • Article, Illustration
      Canada — a gigantic market for the taking
      487 13  - Canada a gigantic market for the taking Is Canada out in the cold, or is it that Singapore entrepreneurs have not warmed up to the land of plentiful opportunities? Paul Gopal reports from Toronto Paul Gopal SINGAPORE High Commissioner to Canada Dr Chan Heng Chee is of the view that
      487 words
    • Article, Illustration
      Sweet-talking maple land
      829 13 ASEAN is making a concerted effort in Canada to create a higher awareness among Canadian thinkers and businessmen of the economic opportunities in its six member nations. Last week, all the six Asean heads of diplomatic missions to Canada gathered in the country's leading financial and business
      829 words
    • Article
      Lock icon The Hongkong-Vancouver connection
      657 13  -  Hongkong immigrants are drawn to Vancouver like bees to honey, says Jon Ferry Jon Ferry Reuter HONGKONG has chosen sleepy Vancouver as its gateway to Canada by setting up a trade headquarters in the picturesque port city. The Hongkong Trade Development Council, a quasi-government agency with 36
      Reuter  -  657 words
    • Article
      Banking on a region of growth
      342 13 THE BANKERS at the Asean seminar in Toronto felt there was a need for Asean to project itself more actively in the Canadian corporate scene. The seminar was an eye opener for some of them, but for those who had knowledge of the Asean
      342 words
  • Page 13 Advertisements
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      29 13 —Sb SINGAPORE'S ONLY ColoniaL BUNGALOWS ARE MANAGED BY UDMC 1 Colombo Court #05-18/21 Singapore 0617 TEL: *****02, *****03, *****27 *****48 Ms Lim, Ms Tang, Mr Tan Mr Leong d
      29 words
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  • FOCUS
    • Article, Illustration
      Lock icon Hongkongers seeing the writing on the Great Wall
      820 14  -  The recent abduction of two HK policemen by Chinese officials has sparked fresh fears of Beijing intervening in the colony's affairs before 1997, reports Steve Glain. And lack of Chinese support for a new airport project could erode confidence even more, says
      IHT; AFP picture  -  820 words
    • Article
      Lock icon HK gambles on US$16b airport complex
      457 14 AFP HONGKONG has taken its biggest gamble by committing itself to a huge new airport-seaport project, a confidence-building scheme that could prove just the opposite if China objects. Beijing, which resumes sovereignty over this British colony in seven years, has voiced deep suspicion over
      AFP  -  457 words
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      134 14 WE WISH THEM ALL A PLEASANT FLIGHT, SWEET DREAMS AND A FULFILLING STAY IN EUROPE. Tonight's the night when a gleaming 767 into a full night's restful sleep on our On every Monday and Friday, aboard people who travel on business, we'll be there to will take off from Changi.
      134 words
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  • SPORTS
    • Article
      Tan Chong doing its bit for charity
      311 15  -  By A Surendren PICKING on the association of the silver metal with the upcoming 25th anniversary of the nation. Tan Chong Sons Motor is sponsoring the 25th Anniversary Celebration Charity Golf Tournament, with invited guests putting with silver golf balls. These guests, who
      311 words
    • Article
      Lock icon Courier eyes top 10 rankings
      257 15 AP JIM COURIER has his sights trained on the top 10 world rankings. "I'd be lying if I said it wasn't true," the US player said on Wednesday after overpowering Jaime Yzaga 6-3, 6-1 in the second round of the Italian Open. The fairhaired Courier
      AP  -  257 words
    • Article
      Lock icon Super-fast victories for three
      131 15 AP STEFFI GRAF, Monica Seles and Gabriela Sabatini, the top three seeds, raced against the clock and won in straight sets at the German Open tournament in West Berlin on Wednesday. Graf, the No 1 player in the world, took 42 minutes to down Italian qualifier
      AP  -  131 words
    • Article, Illustration
      Lock icon Haessler holds the key to German title hopes
      455 15 AP AFTER SHOOTING West Germany into the World Cup finals, Thomas Haessler's next mission will be to guide his team to its third title. Then, successful or not, Haessler will stay in Italy to become another soccer millionaire in the richest league
      AP; Photo by INP  -  455 words
    • SIDE LINES
      • Article
        Douglas to take on King in court
        94 15 HAVING already won the heavyweight championship in the ring, James "Buster" Douglas will be looking for another lucrative victory next week when he takes on promoter Don King in a Las Vegas courtroom. Douglas and his manager, John Johnson, filed suit on Feb
        94 words
      • Article
        Wilander, Pernfors drop out
        82 15 THREE-TIME champion Mats Wilander and 1986 finalist Mikael Pernfors will skip this year's French Open tennis championships. Patrice Clerc, head of the Grand Slam event, which starts on May 28, said he had received a letter from Wilander saying the Swedish star had to drop out
        82 words
      • Article
        'Dr' DiMaggio please
        79 15 BASEBALL great Joe DiMaggio won an honorary doctor of laws degree on Wednesday from Columbia University. President Michael Sovem read citations honouring the former New York Yankees star and six other honorary recipients. "A true American legend, you have earned many names: the Yankee Clipper, Joltin' Joe,
        79 words
      • Article
        Unbridled at Pimlico
        79 15 KENTUCKY DERBY winner Unbridled arrived at Pimlico Race Course on Wednesday to prepare for tomorrow's Preakness Stakes, the second leg of US horse racing's Triple Crown. The three-year-old colt, who was only a 10-1 bet to win the Derby but outran favourite Summer Squall by 3-1/2 lengths
        79 words
      • Article
        Kobayashi's challenge
        63 15 JAPAN'S Bengal Bay Yacht Club has commissioned a New Zealand boatyard to build a prototype yacht for its inaugural America's Cup campaign, said BBYC chairman Masakazu Kobayashi yesterday. Kobayashi, who owns a Nagoya real estate firm and is sole backer of the BBYC challenge, declined to specify how
        63 words
      • Article
        Bulls overrun 76ers
        51 15 MICHAEL JORDAN scored 37 points and sparked yet another second-half Chicago rally as the Bulls eliminated the Philadelphia 76ers 117-99 and moved into the Eastern Conference finals. The Bulls knocked out the 76ers 4-1 and now advance to a best-of-7 series against the defending NBA champion Detroit
        51 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      241 15 ill MM i.r. mkM FURTHER EVIDENCE OF OUR ENGINEERS' ACUTE SENSE OF HEARING They listen closely to the comments of Jaguar drivers. A new engine management system which cuts throttle All the while, new computerised, advanced anti-lock and the finest inlaid veneer. These have been incorporated in a series of
      241 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      225 16 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. For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext
      225 words
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      Page 16 Advertisements Column 2
      222 16 PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Singapore favourites and international specialities at Plum's, on Fridays and Saturdays. Dinner buffet onlv. Price: $22* HI It *****11 If 11 111 111 PLUM'S miMiii 'Plus 10% Sen ice Charge and Government Tax Hyatt RK3omcy©Smgapore 10-12 Score
      222 words
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      Page 16 Advertisements Column 3
      239 16 INTe/^T< O «W B U F F E T 16-31 May IL child: 10++ i »\jjL Dinner Only Cafe Plaza 1 U yj» yj\y [w MTMVCO[OU«FUL»INVITIfIG| \N\i Beach Road Singapore 0719 W 2*ooll K&ifi;! ROSE GARDEN SICHUAN RESTAURANT H Level 5, Golden Landmark Hotel W0 Victoria Street. Singapore The Art
      239 words
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      Page 16 Advertisements Column 4
      272 16 ELEMENTS OF GIMGDONG CDTin The art of unlocking the delicate Iflf/Y] flavours of fowl, fish and game with nwcwm, subtle touches of condiments. That's 35th floor Guangdong cuisine. Taste for yourself its delicious variety at the Pine Court Guangdong Buffet Lunch May 1-31, Noon-2 30pm Adult: $26++, Child below 10:
      272 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      732 16 TELEVISION AND RADIO A j! XT 9 1 1 C% corn special French poodle. MSFltrah. Another Nazi nightmare? gas; sSsS? S2SsSf 0 **■>) (r) Manchester Unit- Z? f.W 7.M«* ».25««, 1.38p«, sua► g essst™ s.3o^,3.2^ F ,nanaaiNews ■■yyilHiiiiMflHi 8.45 First Bom (Last ep) Got- 11AA 835 Movie. Friday Background 8
      732 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A multi-talented showman
      730 17 A tribute to two great entertainers in their own fields NYT SAMMY Davis Jr, who died of cancer on Wednesday at the age of 64, was a versatile and dynamic singer, dancer and actor who overcame extraordinary obstacles to become a leading American entertainer. The showman was
      NYT  -  730 words
    • Article, Illustration
      Lock icon The genius behind the Muppets
      462 17 NYT JIM HENSON will always be remembered by millions of youngsters who grew up watching Sesame Street on television. The award-winning puppeteer of Kermit the frog and other Muppet creatures died unexpectedly early on Wednesday morning at New York Hospital. He was 53. Hospital spokesmen
      NYT  -  462 words
    • Article
      Jerome to take to the road in October
      276 17 JEROME Robbins's Broadway, the most expensive show in Broadway history, is to close on Sep 1 at the Imperial Theater after a run of less than two years and after making back only a little more than half its investment, its producers
      276 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      269 17 AND ENTERTAIN j High Fashion At High Tea. li CHIIDRLN S SC Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. a A® t Century I v ark Sheraton I Singapore 16 NASSIM HILL, SINGAPORE
      269 words
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      Page 17 Advertisements Column 2
      96 17 r The Perfect Setting I Shredded Sea Blubber Skin Braised Eel with Garlic—sl2 jX Seafood Soup (Jack's Style)—s6 Sauteed Prawns with Chillies 512 IS Sauteed Slice Cuttle Fish with Celeir •St pwedGr«?n Vegetable with Crab.Meat —$*> •Braised Sea Cucumber with Spring Onion -$10 It's our endless variety of seafood fare
      96 words
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      Page 17 Advertisements Column 3
      78 17 Q<)CO 1 2 Sharks Fin with Crab meat $163.80 (For 10 persons) i 4 Deep Fried Crispy Chicken I 5. Season Vegetable with FREE Roastea Mushroom DokinQ Duck 6 Maple Leaf Steamed Bean I rf.ir* with Curd with Soya Sauce ftemain ,n 9 7. PuTien Fned Bee Hoon Special 418
      78 words
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      Page 17 Advertisements Column 4
      286 17 ThiGluis I I III! I\s| crmKAefci Great Meals I in an Intimate Setting I For a delightful but informal meal, come to our 24-hour H coffee house. Savour Penang's best Ch&o Guo Tiao and Fu Ji&n Mian; Porridge, Hainanese Chicken Rice and more! An ideal rendezvous for meeting friends relax
      286 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market closes slightly firmer on late buying
      4565 18  -  By William Chia LATE BUYING by individual investors and some bargain hunting helped share prices on the Singapore stock market to close slightly firmer yesterday. Brokers said many foreign and institutional investors stayed on the sidelines in the absence of positive leads from
      4,565 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4254 19 Main Board Ming Court 650 +-40 f6 6% Inchcape 565 30 f5.6% Shangri-La 1040 +20 +2.0% City Dev 50* 344 20 6.2% Isetan 50* 915 +15 +17% Metal Box Spore 382 +14 +3 8% EMS 50« 263 +12 M 8% Acma 245 +11 +4.7% DBS
    4,254 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      372 20 Company Date Vear Grant Net Net earnings Gross ami to profit/loss (L) par share dividend ('000) (cants) ANA Hotels May 15 Dec 89 $458($3,692L) l.O(-) Cathay Pac May 11 Dec 89 HK$3,321d($2,824d) US 9(986) 210(180) H Negara May U Dec 89 $756($231) 101(31) 10(2) MSC May 10 Dec
      372 words
    • Article
      CORPORATE DEVELOPMENTS
      266 20 May 16 Metal Box Support has changed its name to CMB Packaging Singapore Pegi Malaysia Bhd has proposed to fully acquire Founts Computer Services Sdn Bhd tor M$ 74.25 m and a 19% stake in Provincial Insurance (M) Sdn Bhd tor Ms 2 88m Resources Development Corporation has
      266 words
    • Article
      DIVIDENDS ANNOUNCED
      1313 20 Current Ex Books Date Total for Total for paymoHt date dose payable the year last year BM 8% Jun 8 Jun 22 Jul 2 81 51 Bomeiti 31 Jun 25 hit 6 Jul 18 3% 3% Bowtoad 5% (I) Apr 18 May 4 Jun 7 5% 15% Bousteadco
      1,313 words
    • Article
      PRELIMINARY RESULTS
      196 20 Company Date Year Group pre-tax Net earnings Cress ann te profit/less (L) per share dividend (•000) (cents) MC Bank May 16 Dec 89 M$15,697($10.221) 0 9(0 9a) 1(0 9a) Own ind May 14 Mar 90 $11.317 ($8,268) 3« 4(29 6a) 15(136a) BAJ May 10 Dec 89 M$6,308($8,277l) 7.5(-)
      196 words
    • Article
      INTERIM RESULTS
      165 20 C— f y Data Half-year Group pre-tax Interim ana to preftt/lo*i (L) dividend COOO) S Goodwood Park May 16 Mar 90 J15.208($7.106) 30b( 10) H Msia May 16 Mar 90 $1.725(J592l) 5(-) Spore Land May 4 Feb 90 $25,132(910.850) CM May 4 Mar 90 4(2 9a) CiC Bintang
      165 words
    • Article
      RESULTS DUE
      487 20 ShpHW Stocks Last FaN Year Company Pthod (Ma Year Net BTS Gross IM irancnj anfef (cants) 4v pro® last year ($*000) Mm Fral Feb 28 Not 89 39.1 10.0 11.728 Uvea Mi Fmal Mar 27 Dec 89 3.4/11 laanf Hot htenm Mar 30 Dec 89 535l(k) NWp Fnal
      487 words
    • Article
      APPROVED ISSUES
      283 20 Company Rights Issue %Mb O*(won* e si 85 per share Ei-date Apr 23 Books Close May 7 Acceptance I Payment lun 15 La** One-tor one WO 70 per share Ei4ate Apr 9 Books dose Apr 24 Acceptance 4 Payment to 12 MU Two-tor fare fe MSI 90 per
      283 words
    • Article
      PROPOSED ISSUES
      344 20 Company Rights Issue Canny to* Capital reduction scheme to reduce par value of shares from $100 to SO 60; Ibghts issue of 31 SO 60 per share FAC8 One-tor-one MSO 50 per share Fata IMi One-tor-one to, MJ0 25 per share. fallowed by a share swap of five
      344 words
    • Article
      BONDS, LOANS & WARRANTS
      645 20 BONDS, LOANS WARRANTS C&C Wt Before 26/4/93 I warrant phis $3 09 cash Cm—ay Lmh Cmwi> M 2/10/89 to 20/10/94 1 warrant plus J1 cask or 1 warrant plus SI nominal amount of loan stock Qua* fetes Oman Wt March 87 to 31/12/91 1.55 warrants pte |L55 cash Onm the
      645 words
    • Article
      RECORD HIGHS & LOWS
      142 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 \*t 1402.22 (6/2/90) 1990 N* 1607.12 (27/3/90) 1990 knr 1254 18 (2/5/90) 1990 tow: 1458 18 (2/5/90) 1919 M(h; 1322 00 28/12/89) 1989 Wfh 1487 76 (26/12/89) 1989 tow 917 42 (4/1/89) 1989 tow 1030.69 (4/1/89) 1988 M* 1043 86
      142 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      45 20 ON SALE NOW w c tA tp i&j >: V| 3 ,^m I H *.v iP# ?U*i B2Lur t&y&ti- v Ssjj|6^*''■i m SSMy^^ liish ll®wWAlik\v|K« ss? jtf 1 'y>v*v'^iv** T&jt r f kmvK** ■P* .im W^PlrT jpljy |j jlgte iit ft. ■ihiiitrVi'itiy i w f Hi'
      45 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Caution keeps investors on the sidelines
      3693 21 THE Kuala Lumpur stock market closed generally mixed yesterday after some see-saw trading despite the strong performance of plantation and property stocks. But gains were limited by investors' reluctance to take positions amid uncertainty over the market's direction, brokers said, adding that prices moved
      3,693 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      359 21 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of SING THAI GRAINS (PTE) LTD (In M«mb«n Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Mooting of the Company hold at 100 Beach Road. Wl-00 Shaw Towers. Singapore 0716 on
      359 words
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      Page 21 Advertisements Column 2
      310 21 THE COMPANIES ACT. CAP. SO EVERDEAL (SINGAPORE) PRIVATE UMrTEO (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of EVEROEAL (SINGAPORE) PRIVATE LMfTED duly convened and held at 138 Cecil Street #15-00 Cecil Court, Singapore 0106 on the 11 th day of May 1990, the following Special Resolutions
      310 words
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      Page 21 Advertisements Column 3
      311 21 THE COMPANIES ACT, CAP. so JIUN TRADING PTE. LTD. (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of JILIN TRADING PTE.LTD duly convened and held at 101 Upper Cross Street #04-43 People's Park Centre, Singapore 0105 on the 11th day of May 1990. the following Special Resolutions
      311 words
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      Page 21 Advertisements Column 4
      358 21 NOTICE NOTICE IS HEREBY GIVEN that, I Neo Choon Meng of No 10, Lorong 7, Realty Park Singapore 1954 have applied for a Public House First Class (Ext) licence in respect of premises at M/s Ginza Karaoke Lounge Pte Ltd at 190, #03-12/13 Clemenceau Avenue S'pore Shopping Centre Singapore 0923,
      358 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Absence of fresh lead fails to dampen prices
      2207 22 Reuter TOKYO STOCKS closed firmer yesterday but an absence of new market factors drove more and more players to the sidelines, brokers said. Some investors pursued individual issues as a strong yen kept the market from retreating from recent advances. "There are
      Reuter  -  2,207 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Market unease sends stocks sharply lower
      2554 22 HONGKONG stocks ended sharply lower yesterday in thin trade, mainly on lingering uneasiness and a lack of incentives to spur buying, brokers said. The Hang Seng index, down more than 40 points at one stage in the afternoon, closed 31.26 points lower at 2,917.63.
      2,554 words
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  • REGIONAL STOCK MARKETS
    • Australian shares down for third day
      • Article
        SYDNEY
        1102 23 AUSTRALIA'S sharemarket closed weaker for the third day running yesterday after a poor interim result from Bank and heavy futures selling "added to the bearish tone, brokers said. The AH Ordinaries Index finished 'J*J3.B points off at 1,480.7, slightly up from its low at 1480.7. Wesptac plunged 28 cents
        1,102 words
      • Article
        NEW ZEALAND
        363 23 NEW ZEALAND shares ended higher yesterday on gains by Fletcher Challenge, Brierley Investments and Elders Resources NZFP but turnover was down slightly. The Barclays index estimate was up 4.96 points to end trade at 1,744.05. "It's building itself up and all the indicators are there for a pretty
        363 words
      • Article
        SEOUL
        832 23 SEOUL stocks rose yesterday on investor optimism that the government's crackdown on real estate speculation would bring money into the market, brokers said. The composite index closed at 773.43, up 16.56 points from the previous session. Turnover was 279.9 billion won against 122.2 billion on Wednesday. "Investors believe the
        832 words
      • Article
        BANGKOK
        650 23 THAI stocks surged across the board yesterday in bullish trade dominated by the insurance, construction and finance sectors, brokers said. The official SET Index gained 14.76 points to close at 908.79 in heavy turnover. Gains outnumbered losses 100 to 35. Most active were Star Block, MK and Siam Cement.
        650 words
      • Article
        MANILA
        482 23 SHARE prices fell across the board as buyers continued to stay on the sidelines awaiting more favourable political and economic developments. The Manila Stock Exchange composite index fell 14.49 points to 960.43. Combined volume at the two bourses jumped to 3.6S billion shares worth 101 million pesos, from 213.9
        482 words
      • Article
        TAIPEI
        358 23 TAIWANESE stocks dropped sharply at the opening but construction and textile shares, buoyed by the recent depreciation of the Taiwan dollar, pulled the index off lows, dealers said. The weighted index lost 131.97 points, or 1.6 per cent, to end at 7,927.17. At its low, the index was off
        358 words
      • Article
        JAKARTA
        421 23 PRICES on the Jakarta Stock Exchange ended mixed yesterday, with the index S. 10 points up to 644.44, the exchange said. Sentiment was bullish in the banking sector, bringing the Jardine Fleming Nusantara financial index up 2.37 points to 131.27. The Bombay report was not available at press time.
        421 words
      • Article
        Untitled
        428 23 Off* Previous May 17 May 16 SYDNEY All Ordinaries Index 1.480.7 1.494 5 -13 8 Ml Industrials Index 2.306 2.324 6 -18.3 AH Resources Index 850 7 860 7 -10 Turnover (milium) 80 10 87.67 -7.57 BANGKOK SET Index 908 79 *94.03 14.76 Turnover (nearest '000) 27,526 27,050 >476 JAKARTA
        428 words
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  • WORLD STOCK MARKETS
    • Dow falls after four sessions of gains
      • Article, Illustration
        NEW YORK
        1098 24 PROFIT-TAKING and soft bond prices brought a four-session US blue chip gaining streak to a halt on Wednesday, but the subdued sell-off led some analysts to predict the market would soon resume its record-setting rise. The Dow Jones industrial average ended down 2.77 points to 2,819.68, after rising
        1,098 words
      • Article
        AMSTERDAM
        64 24 DUTCH STOCKS extended gains in moderate early afternoon business yesterday, on the back of a firmer bond market. At 1150 GMT, the CBS allshare index was up 1.1 points at 119.4. Insurer Aegon bucked the trend slipping 0.30 to 127.70 ahead of the release of first quarter results due
        64 words
      • Article, Illustration
        LONDON
        925 24 UK STOCKS rallied further, in busy trading on Wednesday, as the market continued to draw strength from recent perky corporate news and a firm FTSE futures market. "This market just wants to go up. Every time it looks like we are about to consolidate a few buyers emerge," one
        925 words
      • Article
        FRANKFURT
        290 24 WEST GERMAN shares closed mixed yesterday after a volatile session. The 30-share DAX index fell nearly 20 points around mid-session, but then briefly topped Wednesday's closing level, before ending almost unchanged. Dealers said the reversal from lower levels came as professionals bought on short-covering. Trade volume was slightly higher
        290 words
      • Article
        JOHANNESBURG
        466 24 DIAMOND SHARE De Beers and associated companies continued to hold the stage on an otherwise subdued and little changed Johannesburg stock market at midday yesterday, dealers said. Following active demand in New York overnight De Beers surged to a new high of 108.75 rand from yesterday's 104.50 close. Dealers
        466 words
      • Article
        MILAN
        179 24 ITALIAN SHARE prices yesterday started the June trading month tentatively and the slight gains disappointed some traders who had been looking for a firmer follow up to May's advances. Technical factors normally guarantee a strong start to the trading months, but at mid-morning, the MIB index was 0.7 per
        179 words
      • Article
        PARIS
        176 24 FRENCH SHARE prices were higher at midday yesterday in a market fluctuating around current high levels, with international investors chasing second-line stocks that have lagged recent gains, dealers said. The CAC-40 index was up 19.59 points at 2,090.29 at 1051 GMT after starting slightly down at 2,069.75. Dealers said
        176 words
      • Article
        TORONTO
        241 24 A NERVOUS market where profit-tak-ing continued through the day added to the downward pressure on Toronto stocks on Wednesday, dealers said. "We had a fairly big move up in New York and here for no good reason. It's bound to lead to some profit-taking," analyst Ivar Liepins said. The
        241 words
      • Article
        ZURICH
        305 24 SWISS SHARES opened slightly lower in sluggish trading yesterday in the absence of fresh incentives, dealers said. The SMI index of leading shares slipped 1.3 points to 1,694.8 while the all-share SPI index was 3.1 points lower at 1,116.6. In the food section Nestle bearers put on 25 to
        305 words
      • Article
        Untitled
        331 24 Other markets in Europe, South Africa and Canada Amsterdam May 16 Fls ABN... 37.70 unch Aegon 128.00 +1.1 Ahold 143.00 +1.8 Akzo 119.00 -0.6 Alrenta 154.00 unch AMEV 56.20 +0.8 AMRO 74.60 +0 4 Ass. Stad 47.20 -0.3 BOLS 177.20 +1.4 Borsumy 80.50 unch Buehrman Tetterode. 67.10 +0.5 CSM 84.70
        331 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ ends slightly higher against yen, weaker against mark
      1123 25 FOREX MARKET REPORTS THE US dollar yesterday closed slightly higher against the Japanese yen and weaker against the West German mark in Asian currency markets as dealers squared positions ahead of the release of US trade data. Announcement of the trade
      1,123 words
    • Article
      INTERBANK FOREX RATES
      393 25 Cross rates M» y n US$ SS MS Dm Yen SFr A$ NZS US$ 1.8520 2.6980 1.6375 152.30 0.5947 1.3955 1.3115 1.7391 SS 0.5400 1.4568 0.8S42 0.8224 0.3211 0.7535 0.7081 0.9391 MS 0.3706 68.64 0.6069 0.5645 0.2204 0.5172 0.4861 ***** Dm 0.6107 1.1310 1.6476 93.01 0.3632 0.8522
      393 words
    • Article
      MONEY MARKET
      569 25 Interbank rates S$ Bid Offer Overnight 5 7/8 6 1-month 8 8 1/8 2-month 7 13/16 7 15/16 3-month 7 13/16 7 15/16 mode: 6 LS> Bid Offer 7 days 8 3/16 8 5/16 1 month 8 3/16 8 5/16 2 months 8 1/4 8 3/8 3 months
      569 words
    • Article
      Lock icon Bonn unification fund underpins inflation fears
      402 25 Reuter THE Bonn government's plan to pay for German unification by borrowing on the domestic capital market reinforces expectations that interest rates will stay high, economists said. But they said a special unification fund announced on Tuesday to raise 95 billion West German marks
      Reuter  -  402 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1432 25 S1MEX Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.59 9L6I 91.59 91.59 1371 ***** 2738 Sep 90 91.52 91.52 91.50 91.51 4351 ***** 8103 Dec 90 91.36 91.36 91.34 91.36 1163 3816 1823 Mar 91 91.21 91.23 91.21 91.23 165 679 858 Jun
      1,432 words
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  • COMMODITIES
    • Article
      Lock icon Itto urges slowing of logging in Sarawak
      412 26 AFP THE International Tropical Timber Organisation (Itto) on Wednesday urged Malaysia to slow down logging in the eastern state of Sarawak to help maintain ecological balance in the area, which has the world's richest rainforests. An Itto commission assigned to study the forest
      AFP  -  412 words
    • Article
      Lock icon Mutiny news pushes cocoa prices to record high
      108 26 AFP COCOA prices soared to their highest level in almost two years in London on Wednesday after reports that mutinous Ivory Coast troops had seized Abidjan airport and state television studios. News of the unrest and talk circulating on the market that
      AFP  -  108 words
    • Article
      Lock icon Subroto calls for world oil summit
      198 26 AFP OPEC Secretary-General Subroto has called for a world energy summit to create a global approach to energy use and head off any future oil crisis. Dr Subroto, who made the proposal on Wednesday in a speech at Ruhr University in Bochum, West Germany,
      AFP  -  198 words
    • Article
      Tin price eases 11 sen on lack of interest
      828 26 REPORTS THE price of tin slipped another II sen to M$ 17.05 per kg on the Kuala Lumpur Tin Market yesterday on lack of fresh buying interests. Opening bids of only 20 tonnes against offers of 84 tonnes brought down the
      828 words
  • Article
    PRICES
    1372 26 Rubber M« y i? S CCTU/kj Noon Clot Inl I RSS Prompt 158 2VI59.25N I5l.00/I59.00N Int I RSS June 90 160 00/160 50 159 7V160.25 Int I RSS July 162.25/162 75 162.00/162.50N Int 2 RSS OP IS2.2S/I54.25N I52.2VI54.25N Int 3 RSS OP 146.75/148.75N I46.7VI4I.75N Int 4 RSS OP I42.7VI44.75N
    1,372 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      830 26 NOTICE NOTICE IS HEREBY GIVEN that, I Lee Pang Huat of Blk 251, Tampines St. 21 #03-434, Singapore (1852), have applied for a Public House, First Class (Extended) licence in respect of premises at M/s Chinatown Point Karaoke Lounge Pte Ltd at #05-01 Chinatown Point, 135 New Bridge Road, Singapore
      830 words
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      Page 26 Advertisements Column 2
      413 26 IN THE MATTER OF THE COMPANIES ACT CAP M AND IN THE MATTER OF PALMPALS PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (panaaat to Seettoa SH) At an extraodlnary general meeting of the members of the above-named Company, duly convened and held at 190 Middle Road #13-01
      413 words
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      Page 26 Advertisements Column 3
      6 26 Protest squashed, Shipping Times Pg 18
      6 words
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      Page 26 Advertisements Column 4
      15 26 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1010 27 City Flight ETA Flight ETO MM MuM SRI87 1955 GA890 2240 FA970 2255 kUUUt SQ225 2215 Mmmm RJ182 1445 RJ183 2320 1ini1ir1 KL835 1415 KL836 2115 SQ23 1810 u Qf 16 1820 GA890 2240 AthMS SQ31 0625 0A471 2205 kmMmmi TE25 1800 BA11 1455 SQ338 1925
      1,010 words
    • Article, Illustration
      Where kings were revered as gods
      779 27  -  LETTER FROM CAMBODIA By Susan Moore IF YOU hear gunfire, don't be alarmed," our Cambodian guide said. "It is only the soldiers shooting at mosquitoes/' We had just landed on the tiny airstrip at Siem Reap, some 100 km south of the Thai border,
      779 words
    • Article
      MONEY CHANGER RATES
      153 27 As at 3pm yesterday: Locml dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4070 1.4270 Canadian dollar I 5650 1.5850 NZ dollar 1.0310 1.1010 Sterling pound 3.110 3.130 US dollar 1.8990 1.8590 local dollars to 100 units of foreign cwrmcy Austrian schilling 15.60
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      142 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td May 13-18 The Options Iniead's The Options 3I2-322-2S74 Jun 4-8 International Yogoslavia Goapodanko 61/311.022 Workshop Campus Workshop Fair of Razstavisce Woodworking (Ljubljana May 15-18 Communications National Cahners *****0 Machines, Fair) *90 Exhibition Exposition Devices and Centre Group
      142 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      55 27 T k A "T~ -v -y- Ihe hu»ino> pcrM>n'» ihoin' c\ir\ luoil.it. M I I lhuml.i\. Viturd.n n»! Sunil.n. W I I W I Ail \irport ii J'hour* jml .irrnini: it -A. I k nhr«m 0.1 r1 v the niornini;. A i; I IM i I'' I; I S II
      55 words
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      Page 27 Advertisements Column 2
      355 27 NOTICE NOTICE IS HEREBY GIVEN that, I Toh Kuen Tuck of Blk 78, Lorong Limau #10-75 Singapore (1232), have applied for a Retail Beer Shop licence in respect of premises at M/s Xiao Xiao Store at Blk 406 Hougang Ave 10 #01-K1 Singapore (1953), and that this application will be
      355 words
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      Page 27 Advertisements Column 3
      361 27 NOTICE NOTICE IS HEREBY GIVEN that, I Tay Hui Kiow of Blk 117, Bishan Street 12 #13-27 Singapore (2057), have applied for a Beer House First Class licence in respect of premises at M/s Yishan Eating House NTI Branch at Blk 964 Jurong West St 91 #01-342 Singapore (2264), and
      361 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      246 27 9 He wouldn't appear per- |H[ ||H 0 sonally, but sent a work- jg mm Lh| It The woman who was a —I —Lh prison reformer and cook 20 A relation, not being 23 There's a supporter here JHL 26 A former copper is offen- |fl| <■ sive but let
      246 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      210 27 Singapore Outlook: Showers over several areas in the early morning. Report: Max temp. 35.5* Assoc humidity 65% Min temp 27.2"C Assoc humidity 89% Hrs of sunshine 3.85 Rainfall in mm Trace Rainfall this mth 171.5 Rainy days this mth 6 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 16/09 Fair Bangkok 35/27
      210 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      34 27 I'VG. PiCKED Jones BftaiN... IT'S fe&CVTirPii Is/ my NOVtL "UVING D6ATM IN PWgiWOKS DITTO, fmvims' "-7 ■mUuwg o&PXtobrr• IS OOmwG PHONG ft TKLftT... STfgj GensTtorn -fae it* Bey mmmmm co. ltd.. «mw ins t<Sk~
      34 words
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  • Article
    Room for growth in S'pore-Turkey ties: PM
    410 28  -  From Margaret Thomas in ANKARA THERE IS scope for greater cooperation between Singapore and Turkey, in the view of Prime Minister Lee Kuan Yew. At a press conference yesterday afternoon at the end of his three-day stay in Ankara, Mr Lee said he
    410 words
  • Article
    Lock icon HK brain drain offset by skilled influx: US banker
    306 28 Bernama AN AMERICAN investment banker said in Kuala Lumpur yesterday that although about 50,000 to 75,000 skilled people leave Hongkong every year to migrate to other parts of the world, the brain drain is being offset by an inflow of equally
    Bernama  -  306 words
  • Article, Illustration
    Lock icon Bank of China's showcase building opens in HK
    354 28 AFP BEIJING'S new Bank of China building in Hongkong, seen by some as an architectural delight and others a high-tech monster, was opened with great fanfare yesterday. The prism-like 70-storey structure, 367.4 metres tall after including two chopsticklike decorative 52-metre poles on
    AFP  -  354 words
  • Article
    Lock icon Rising imports cut Japan's trade surplus
    234 28 Reuter SURGING imports helped Japan slash its trade surplus more than 50 per cent in April, but economists said on Thursday that the narrowing trend was unlikely to last beyond this summmer. The customs-cleared trade surplus dropped 50.4 per cent to an unadjusted U553.54
    Reuter  -  234 words
  • Article
    Lock icon US trade deficit up 38.5pc in March
    461 28 Reuter THE US trade deficit climbed by 38.5 per cent during March to a seasonally adjusted US$B.45 billion as imports shot up. The Commerce Department in Washington said yesterday that the unexpectedly steep rise in the trade gap more than wiped out a
    Reuter  -  461 words
  • Article
    Lock icon Sogo teams up with KL in M$500m 70-storey commercial project
    252 28 Bernama JAPANESE retailing group Sogo has teamed up with Kuala Lumpur City Hall (DBKL) and Pernas, the gov-ernment-backed trading firm, to develop a MSSOO million commercial project in the heart of Kuala Lumpur. Disclosing this yesterday, Kuala Lumpur Mayor Datuk
    Bernama  -  252 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      63 28 Gerald genta fyvtriv WHMHHte' HHi wmmmmmmsmmz A total lettable area of 63,000 sq. ft. in the Podium Block of a commercial building strategically located in the heart of Johor Bahru's retail and population base is IMMEDIATELY available for a Departmental Store cum Supermarket Operator. For further details, please mite to:
      63 words
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      Page 28 Advertisements Column 2
      178 28 Precision V*.-'-mastery 1775 get there... Ym (a The Bth S.E. Asian International Building Exposition 16 r 19 May 1990. Halls 4& 5. World Trade Centre, Singapore Just be there! Close to US$l55 billion will be spent in technology to help you keep your projects more ASEAN on major infrastructural projects
      178 words
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  • Shipping Times
    • Article, Illustration
      Osco marketing recoating technique from S'pore
      411 29  -  By Dexter Lee NORWEGIAN SHIPPING conglomerate Osco is using Singapore as its base to market a new technique in tank recoating for tankers onVoyage. Mr Robin Meech, director of Osco Carriers in London, told Shipping Times recently that Osco Sea-Coat was set op in
      411 words
    • Article, Illustration
      Mixed response to Ipoh terminal's new rate structure
      484 29  -  _By Geraldine Albela USERS of the Ipoh Inland Cargo Terminal have expressed mixed feelings about the depot's new rate structure. While they are unhappy that rates for the trip to Port Klang have remained unchanged, the reduced rates to Penang have been
      484 words
    • Article
      NOL's UK agency to link up with Felixstowe
      389 29  -  By Rahita Elias NEPTUNE Orient Lines' (NOL) agency in the United Kingdom is now electronically linked up to the Felixstowe Port Authority. The interface between UK Trident Shipping Agencies and the port, which will go live on June 4, allows the electronic
      389 words
    • Article
      Lock icon BA will still consider stake in Air NZ
      254 29 Reuter BRITISH Airways pic would still be interested in a stake in Air New Zealand Ltd if one was made available, BA Australia and New Zealand regional manager Nick Tait said. "Circumstances change all the time, but we would certainly consider it,"
      Reuter  -  254 words
    • Article
      China seeks trade ties with Latin America
      109 29 CHINA'S President Yang Shangkun said Wednesday that Beijing was looking for ways to increase commerce with Latin America. An agreement was signed allowing Air China to begin direct flights between the two countries. Mexico and China also discussed establishing direct shipping lines between
      109 words
    • NEWS SUMMARY
      • Article
        A two-tier arrangement
        52 29 WITH the strong recovery of the market, the tanker fleet has grown by leaps and bounds. But, this does not necessarily mean a return to the severe overtonnaging of the *****. Lloyds Maritime Asia explores the possibility of a two-tier tanker market which could offset such fears
        52 words
      • Article
        Cathay's marketing campaign hits a snag
        48 29 CATHAY Pacific has hit a snag in its new worldwide marketing campaign. South Korea has grounded the Cathay advertisements despite the airline's deliberate use of more shots of Seoul than any other city in its new series of TV commercials Back Page
        48 words
      • Article
        Volvo Bus buys Austrian firm
        29 29 VOLVO Bus Corp announced that it is taking over Steyr Bus GmbH, the market leader in city and intercity buses in Austria. Back Page
        29 words
      • Article
        Trading margins on Biffex raised
        33 29 THE International Commodities Gearing House (ICCH) increased the initial deposit and spread margins required to trade on the Baltic International Freight Futures Exchange (Biffex) effective Wednesday Back Page
        33 words
      • Article
        Abidjan airport to reopen
        31 29 ABIDJAN'S airport was to reopen to traffic after Ivory Coast government forces put down a protest by hundreds of army conscripts demanding a pay rise Back Page
        31 words
      • Article
        Vermont fails in bid to tax use of airspace
        48 29 A CITY'S novel attempt in US to tax the use of its airspace by jets taking off and landing at a nearby airport has failed in the Vermont Supreme Court, although the justices did call it imaginative Back Page
        48 words
    • LOG BOOK
      • Article
        Tianjin approves Taiwanese investments
        85 30 TIANJIN AUTHORITIES have approved the setting up of 11 Taiwan-funded enterprises in the Chinese port city. The official New China News Agency said on Wednesday that the enterprises, which were not named, would invest a total of US$5B.9 million and make more than 20 kinds of
        85 words
      • Article
        Pan Am coffers shrink
        49 30 PAN AM CORP's consolidated cash and cash equivalents fell to US$9O.5 million at the end of the first quarter compared with U*****.9 million at the end of last year, the firm said in a document filed with the US Securities and Exchange Commission on Wednesday.
        49 words
      • Article
        Deal on plane venture sealed
        95 30 BELGIUM'S Banque Bruxelles Lambert (BBL) and International Aircraft Services (lAS) of Ireland have agreed on details of a joint venture to buy commercial jet aircraft worth US$5OO million. lAS will hold 45 per cent of the equity and BBL 20 per cent. The remaining 35
        95 words
      • Article
        Swissair's load factor falls
        69 30 SWISSAIR-SCHWEIZERISCHE Luftverkehr AG said its overall load factor slipped to 67 per cent in March from 68 per cent in March last year. Passenger traffic rose by 0.2 per cent, cargo volume increased 15 per cent and mail freight grew by 6 per cent. Total revenue
        69 words
      • Article
        China to raise rail investment
        86 30 CHINA'S total investment in its railway system will total six billion yuan this year, up 670 million yuan on last year. Quoting sources in the Railway Ministry the China Daily newspaper reported that about 64 per cent of the investment would go to 21 key
        86 words
      • Article
        Boeing wins defence contract
        29 30 BOEING CO has received a US$5O.9 million defence contract for modification of engines used on KC-135 tanker aircraft, the US Air Force announced on Wednesday.
        29 words
      • Article
        Two tankers scrapped in April
        59 30 OIL TANKER TONNAGE sold for scrap in April totalled 22,645 long dwt (two vessels), compared with 40,256 (two) in March, London shipbroker Howard Houlder said. This brought total tanker sales for the first four months of this year to 67,691 long dwt (six vessels), compared
        59 words
    • Article, Illustration
      Two-tier tankers: hope for the future?
      1095 30 THE world tanker market looks set to run and run, but the dry bulk recovery will not go on forever. This is the gist of current forecasting for the shipping industry. The dry bulk trades ofTer only relatively slow growth in volume, but which
      1,095 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      571 30 Carbon Cirtxr DonsrtrWatw »mdw Ash Hmwmwn Soiwwt P€ns*T«at >w *m*mm X M M Exxon KG/M*3% V/V t M M 1 M/M PPM method KC/M*3t V/V M/M M/M PPM ISO/Cimac Imrtt Spec E25 9911.0 15 0 0 10 30* 0 10* ~ic 002 <mc rw <W11 0
      571 words
    • Article
      THE SHIPPING GUIDE
      12669 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,669 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        558 45 < Kmtt fey »te B*rth Arm* Dipariw* Voy Nd Berth Arm* Dqwtot f fMT Wkaf Cosmc Pione 5N8 PIC 18.05/0700 18.05/1830 f -Auto ftana 8051 K15 alongside 17.05/1900 Crown Star 2/90 PIC 18.05/1900 20.05/0600 J Bakto R32 alongside 18.05/1830 Ganh Hao 08/90 P3E 18.05/0630 19.05/1500 »<J"w *5
        558 words
      • Article
        CONTAINER SCHEDULE
        1521 45 £v 1 Rtctmwc Of EXPORT Fa CONTAINERS AND LCt CARGO Transtaiwr Schediies 9# Voy No Ait Date Fine From To Boofchc Gate Bk Op GAi SSr ab Bhuw 20S 18.0590 2245 18/1345 18/1444 Th/Fax 2 A2 00 F05 H Ahmadafi 63 20.05 90 0700 18/1915 18/2014 Portnet 2
        1,521 words
      • Article
        IN MALAYSIAN PORTS
        372 45 Pft King South Port Stolt Emerald berth 1; Hoegh Cairn berth 2; Young Chemicarry berth 2; Alam Aman berth 3; Hong Hing berth 4; Cheung Hing berth 7, Transbulk berth 7A. KCT: 6G Btndang berth 8; 8G Penaga berth 9; IBN Map berth 9; Maersk Tauro berth
        372 words
    • Article
      DAILY FREIGHTS
      1113 45 FIRMER dry cargo chartering rates were reported in places and market talk persisted about a possible tighter supply of Panamax tonnage into next month, brokers said. A rate of U5521.75 a tonne with combination ports and U5521.25 without was reported to have been agreed for a 52,000-tonne cargo
      1,113 words
    • Article, Illustration
      Cathay Pacific's marketing campaign hits a snag in Seoul
      428 46  -  From Bruce Cheesman IN SEOUL CATHAY Pacific has hit a snag in its new worldwide marketing campaign, following South Korea's grounding of its advertisements. This is despite the airline's deliberate use of more shots of Seoul than any other city in
      428 words
    • Article
      Lock icon Vermont fails in bid to tax use of its airspace
      278 46 NYT A CITVs novel attempt in the US to tax the use of its airspace by jets taking off and landing at a nearby airport has failed in the Vermont Supreme Court, although the justices did call the effort imaginative.
      NYT  -  278 words
    • Article
      Lock icon Abidjan airport to reopen as protest is squashed
      255 46 Reuter THE Abidjan airport was to reopen to traffic after Ivory Coast government forces put down a protest by hundreds of army conscripts demanding a pay rise. A government statement broadcast on state radio urged people to resume their normal activities and
      Reuter  -  255 words
    • Article
      Lock icon Volvo Bus buys Austrian firm
      321 46 NYT VOLVO Bus Corp announced on Wednesday that it is taking over Steyr Bus GmbH, the market leader in city and intercity buses in Austria. The acquisition, for which terms were not disclosed, is part of a restructuring of the West European bus industry that
      NYT  -  321 words
    • Article
      Lock icon Trading matins on Biffex raised
      188 46 Reuter THE International Commodities Gearing House (ICCH) has increased the initial deposit and spread margins required to trade on the Baltic International Freight Futures Exchange (Biffex). An ICCH official said the new initial deposit, effective Wednesday, was increased to US$5OO per lot from US$3OO. A
      Reuter  -  188 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      314 29 rr SWEE HENG METAL CO PTI LTD 13.TUMAVE 14 S<MGAPOnE2aU TEICX nS3W7(SHMCn. ■■I TEL: 861 5655 (SknM) TELEFAX Ml I*M fIW I ,T«T J J 11 i llilti u< Mk,m> I lIIiWVi i fCM tMI >_. CkJ|i est«yie*f% |T|l T,M 'WWltrvp** ■nmSM design kmovatiow oehmak quality IMMMM WE GIVE YOU
      314 words
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      Page 29 Advertisements Column 2
      26 29 Contamer Schedule 17 Daly Fretffe 17 Ma to Advertisers 3 Sh«*ng Giade 10,11 Shps«Po»t 17 Singapore Files 17 Weather and Sea Condfexs 17 Veritas report 2
      26 words
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      Page 30 Advertisements Column 1
      195 30 Banking, Finance 8c Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was
      195 words
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      2150 31 JARDINE SHIPPING ASWCMES %«IIF# 200 Cantonment Ro*J #12-05 Southpo.nt. Support U2OB All If# T«t *****11 TELEX NO RS WWBSEkm terminal/cfs th *****18 220 VI BAAnfl*■ bookings t«h *****34 23s m.\Sssr A pesaka jardine mmm agencies son bho PORT K E LAN6TEL 36W118 TELEX NO MA*****/MA***** SJSS TR 62<1« TELEX NO
      2,150 words
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      Page 31 Advertisements Column 2
      1106 31 ■hex TOfIDVERTKERS Pace Col Coi lAI I M I ABC Conttineriine 13 5 Mac-Neb Agencies 14 1/2 Accord Shpg 8 3-5 Macoline 14 1/2 AJbatros Sea-Air 14 S Madju Sdn Bhd 16 1/2 Alfred C Toepfer 15 5 Maersk Line 3 4/5 Ahrenkiel Liner 16 5 Mainfreight 15 4 APC
      1,106 words
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      Page 31 Advertisements Column 3
      2257 31 VMMI V*>y ETA ETO "Poo 'Pwtang DESTINATIONS Singapore Kalang Tftw <Mt LOUM M Clo««g TWn* Fhhv by HZEj^^E CV 22/5 0400 MBS furco CTS 21/S 1(00 MRS M TaufO OAK LQB MOCI MEM ATL MM CHS SAL PHL NYC MOM TOM LOUIS M 9006 122/S 23/5 "sid 19/5 V 6
      2,257 words
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      Page 32 Advertisements Column 1
      1039 32 J 111 II ROTTERDAM/ VOY NO S PORE P KELANO SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE BERLIN EXPRESS 01/558 18/5 20/5 7/8 9/8 11/8 12/8 14/8 KURAMA 06/580 24/5 19/8 12/6 15/6 11/6 1M BENAVON 94/563 27/5 13/6 15/6 17/6 18/6 Xto TOKO EXPRESS 93/562 31/5 26/8 19/6 22/6 18/6
      1,039 words
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      Page 32 Advertisements Column 2
      522 32 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) Ao*nts: SINGAPORE: *****56 TJAY BOora«8.moio8 VpENING: < JOHWROT-ZMBia WOOTHBOUND TO UKC I S PORE ROM/A DAM HBC MULL(U
      522 words
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      Page 32 Advertisements Column 3
      1416 32 RITCBAWAXJn ■HfeiflH REGULAR INDEPENDENT FULL CONTAMER SERVICE J WESTBOUND FOR EUROPE 5 VSL/VOY SIN CLi ALG BCL FEL HAM BRE ROT ANT LHA V* (VIA (VIA (VIA >• ALG) HAM) ROT) JAPAN SEA 011W 18/0S 22/06 01/0S 1106 13/06 15/06 16*06 17/06 LUX 11/06 NOR ASIA SUN 9012-3 25/05 29/05
      1,416 words
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      Page 33 Advertisements Column 1
      1464 33 Ltdj P&O yM^AIT^SHIPPING Containers 'toy He r»w* F.Klang S'ton Hburj rhivMiß'tea L(k ACCEPTS OOt SAILS S£»d* IMB IMB mm OM> «M mm CARGO w*X£i 2sc w« T»(0 FEED urn ltm MM STIUITS STAR VO/E Sksn, 10. Twr In Port 1» Bn TOtufamss Wa am wtwW m» W MERCURY JAD€ VO4C
      1,464 words
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      Page 33 Advertisements Column 2
      1633 33 TO: EUROPE TO: FAR EAST SP LH ROM HAM B'HVN FLX SPORE HK KAO KOB BU HANJIN FELIXSTOWE (XCW I*s t* 7* M 10* 11* CHOYANC SUCCESS OOtt 2*5 JUS 1* 4* 7* CHOYANG PARK 001 27/S 14* IS* li* 11* MH HANJIN TONCMAE S73E 4* 7* I* 11/1 14*
      1,633 words
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      Page 33 Advertisements Column 3
      13 33 REGULAR SERVICE TO KARACHI SPORE LOADING FOR TBN 31/5 KARACHI mmm vTSSSmvlcMi «n?MKaiSS
      13 words
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      Page 33 Advertisements Column 4
      317 33 SINGAPORE CALCUTTA AND SINGAPORE CHITTAGONG CONVENTIONAL SERVICE EASTERN CAR LINER LTD IS PLEASED TO ANNOUNCE THE LAUNCHING OF OUR NEW~ AND DEDICATED CONVENTIONAL SERVICE TO CALCUTTA AND CHITTAGONG M.V. ASIAN STAR V.No. 113 ETA SPORE 13.6.90 WE WELCOME YOOR ENQUIRY llVlLintermaritime SOUTHERN AFRICA SERVICE PWECT MONTHLY SAILINGS KK SPORE PR
      317 words
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      Page 34 Advertisements Column 1
      633 34 9cfvic6 Oft r.T MMKU MMEM •'m'tSwM UOYD CR NBR **********0-D EXPRESS SEMI-CONTAINEfKSHIP SERVICE VSL/VOY STORE R'DAM/ H'BURG MEKN ANTWERP ADAM BAAB UILAH/TWI Z3 2W5 lifi i/1 Vlt tp U. BONTAN6/ZIWB »-aff *P M \fi Ifi FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|Kt to MuoaranL Aln aooaptt« oago to CaHMnca, Rort
      633 words
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      Page 34 Advertisements Column 2
      806 34 j(pNHANJIN SHIPPING 1 FULL CONTAINER SERVICE IS'por. LaHavra R'tan H burg B havan Film FEEOCR VSL SIN UNC HAUL LAX OAK m 7/6 to ilt 126 13* CHOYANC SUCCESS MC 7%fi M CHEJU HIE 22/t M/l 26/5 I 13/6 14/6 15/6 17/6 11/6 HANJIN TONC MAE 073E 4/1 N. BUSAN
      806 words
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      Page 34 Advertisements Column 3
      1397 34 PKL SCP HKC KSC KLC PUS HUT OS* TYO Ml LHV AMI KM FIX HBC SfiP <1 EVER GOLDEN W M *5 w 1/1 M M Iff 11/1 7/7 VP 110 V «7 V MH 'I EVER GLOBE WWW* tl][ jl li|l IM W V W7 257 2717 M*■ EVERCUARO
      1,397 words
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      Page 35 Advertisements Column 1
      1666 35 J Fl J NEPTUNE AGENCIES PTE LTD SINGAPORE S (CR No: **********0 E) :-\t Sj BOOKINGS/ENQUIRIES: UK/EUROPE SERVICE *****19 AUST/INOIA/PAK SERVICE *****18 MM USA SERVICE *****16 FAR EAST SERVICE *****48 DOCUMENTATION: *****44/*****14 TERMINAL: *****22 CFS: M 2 IMPORT: *****69/*****50 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA v r K.L-*****33, P.Kelang-*****87, Penang-*****0,
      1,666 words
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      Page 35 Advertisements Column 2
      1206 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 DISCHARGING FROM EASTBOUND LOADING FPU WESTBOUND W«tLi YOTAg ISWB IHAIHLA HKOWt VOTAg SKtU HUM 6 MOUM ntAYCM THJU«T >OTT WIW 6AWHOV MOI an Mm
      1,206 words
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      1090 36 UhMIIH VOY *INDO *PK/PNG [SCP LB CHLS NFK NYC HFX NEPTUNE JADE 24 25* 26/5 24/5 It* 26* 21/6 30/6 4/7 OOCL FAIR 20 21/5 29* 31/5 23/6 3/7 5/7 7/7 11/7 RAINBOW BRIDGE 24 4/6 5/6 7/6 30/6 10/7 12/7 14/7 11/7 OOCL FREEOOM 31 11/6 12/6 14/6 7/7
      1,090 words
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      Page 36 Advertisements Column 2
      631 36 lETO SIN (1 DAYI *(1 DAY) ♦(1 DAY) BOOKING CONTACT M NA 20/05/90 PORT KELANG PENANG BANGKOK JACQUELINE hA TWICE/WKLY ETb SIN (3 DAYS) (2 DAYS) (1 DAY) BOOJON^ONTACT 20/05/90 HONG KONG maoikiiimc lIMr JOYCE/JUDY TWICE/WKLY lETD SIN mDAYS) MIOAYI ♦HOAYS) I boownocontact I 21/05/90 BUSAN MANILA NAGOYA SERENE/SITI TWICE/WKLY
      631 words
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      Page 36 Advertisements Column 3
      324 36 |l lAMmmemai Facmc Shipping wr TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR BYRON V SM SM SM SCTE/RDM/ANT/FLU/UK ARBCLA lift 71/5 22ft SETE/ROHfANT/FIU/UK HARYLI »/5 Jlft NFS/RWMNT/FIU/UK CRYSTAL B «ft SITE/RDH/ANT/FLU/UK toidt Sifetli/lndoMiii ®MULTIPORT AGENCIES (S) PTE. LTD. TEL: *****77 FAX: 225M31 P.K. MULTIFONT SON BHO
      324 words
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      Page 36 Advertisements Column 4
      640 36 GOLDEN LINE ">v TTSLVV GUAN GUAN SHIPPING (PTE) LTD 1' njC< S 4. a Ttiak Avar S*roa< SINGAPORE «M 1 TEL: 5343 M (10 LINES) Fu: S343SM (CD No 1B12K9H8BN) STRAITS/PERSIAN GULF SERVICE: fwi P Ktiani P<n*n| GOLDEN BUD Cotonto/Kvadu/DuCtt U/» Stay QOLDEN HARVEST CalMflta/KancNOabai 2WM Hay CHINA SERVICE rUQtNCBMjufc
      640 words
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      Page 37 Advertisements Column 1
      1272 37 ySSSSSSKmtt PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSSSSm gfc PIL Building. HO Cecil StreeKOMO. Singapore 0106. 1 a a sr. sa JS? sf sr. EDCN MM VZ\ «OT* HAQA OSN 22/5 WM 24/5 M/ 5 KOASUt PIONEER BIN 22/1 Iff Ml 552^ ATI 22 52 22 nSmT 2; oSSuSs TSST »M
      1,272 words
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      Page 37 Advertisements Column 2
      961 37 > ben line containers ltd 200 Cantonment Road Tel: *****22 #13-05 Southpoint Igbl Fax: *****63 Singapore 0208. Telex: RS ***** I VESSEL IVOY SPORE P.KLANG SXAMPTON HAMBURG B "HAVEN ROAM L'HAVRE Berlin Express* 01/558 In Pt 19/5 5/6 8/6 10/6 6/6 6/6 Kurama* 05/560 24/5 17/6 12/6 14/6 11/6 18/6
      961 words
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      Page 37 Advertisements Column 3
      281 37 MYANMA pMk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang P«n Bkok PAGAN VIS6W 17/19 HAY MYOMAYWA VI2BW y« JUN 27/11 HAY TVS HAY HPA-AN Vls<J* 29/31 MAY PATHEIN VIO2W HAY 2MAYA JUM THE BANK LINE (A Mrvtc* of Andrew Weir Shipping) \\f SEMI-CONTAINER SERVICE HEAVY
      281 words
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      699 40 INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO UNITED KINGDOM NORTH CONTINENT EUROPE OUTBOUND SIN OX SUE ROM ANT HBC RST T OTNOA m 2*5 I*l I*l 2*l AMERICAN KM «Ftl< 2*5 21* 23/1 2*l 2*l o. grotewohl vm wi w in v> TAIWAN SIN wn» 12/1 iff V W
      699 words
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      Page 40 Advertisements Column 2
      1497 40 Mt m A VESSEL 20rt RettertenjAntwerp CHWA rvu. COWTAWMI BqYKI PW. PMB SPORE BKK HKC SNA QIN LYG SHANG CHENG 121 Wi a/5 27/5 M M YANG FANG KOU 123 Jl/5 2*5 4A uj» i M 20A Accap4in| FCL CwfD for all o4tm CMimm parti all ottwr cjOw in fuir^iin
      1,497 words
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      Page 40 Advertisements Column 3
      551 40 POSEIDON CO^INER^TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS lafghanistan 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 E. EUROPE I :To all inland points: Poland, Bulgaria, Czech, Hungary, Romania USSR,
      551 words
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      Page 40 Advertisements Column 4
      461 40 ipm—i r ASEAN PORTS g" SIR! BHUM Mm Fri 111 Pt mm 215 jj wta mm g sm an w* qp- J JIM BHUW WW Tm» Vfi Fri Tp ■AHA BMUM MM thd m St y I MEKHANIK KURAKO MX Thur Mfi Urn I siri mm 4m fh gg m»
      461 words
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      1067 41 i ;l«l i] IJKV'TH I <i .^MIOPJtMCiIKKM j*y t |yj<Wo yi«M iHpBBHiMaBBHHHHBHBi 4- p p^H mI i. x i i 1 i, EXPRESS FEEDER SERVICE (Fully Contaln«rlMd) 0 C VESSEL SIN CTQ t". A VSL 27/5 2/6 A VSL 1/« 8/8 (Conventional Service) ft t ETA S PORE LOADMQ FOR
      1,067 words
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      Page 41 Advertisements Column 2
      189 41 A TEL: *****33 (12 LlnM) I ZL FAX: *****15/*****03 I P TEL EX: RS ***** RISHIP (3 Llnee) I PP\ ETHIOPIAN SHIPPING LMEFI —(National Lines of Ethiopia) I ACCEPTING FCL AND CONVENTIONAL I VESSEL I VOY I ET* IIOAONQ K* I 3POAE B I SSii H 1™» l°ay^ w H
      189 words
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      Page 41 Advertisements Column 3
      622 41 te|_P.T. MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OTSTORE. INDONESIA. MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG r AND. BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ
      622 words
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      Page 41 Advertisements Column 4
      638 41 BAY OF BENGAL SERVICES MADRAS CALCUTTA VESSELS V m BAA Mi LEITVE 9124 21/5 W *4 LEUVE 9125 040 000 170 LEUVE 9124 170 190 270 LEUVE 9127 270 Kf I*7 VESSEL S/VOY SIN CCU SIN SURER EIGHT 03N90 In Ft 73/5 30/5 iORGEN VESTA 02N90 190 20/5 030 SURER
      638 words
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      Page 41 Advertisements Column 5
      358 41 TO AUSTRALIA/NEW ZEALAND VV Siillin f iIII■ nil lilurm A«rtH«4 r ir thtsssm m iSi a* v* v> w i. nuow m aji v? jW a? MUSKLhi w n/7 "ii I* C VtMXJK 253 5* J Ift DATS TO STDNBT! TO USA/CANADA pSt In Ort— loan— |p» jrn |w*fcT~] tut
      358 words
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      Page 42 Advertisements Column 1
      1622 42 A -WAC-NELS SINGAPORE I gjgT til mttit IMPHKT TEL 55 E KELANG TEL" (03) *****77 KK TEL: (088) *****0 TAWAU TEL: (089) *****< BAHRU TEL 07 I "ACHING TEL: (082) *****3 SKAN TEL: (089) *****J UVs/Vj S IliSlR" »^F AN "u !S£! Vul* I USA 1 EAST MALAYSIA j (2
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      Page 42 Advertisements Column 2
      1060 42 Shipptog Time*, Friday May 18 lM^. I W: THONG SOON LINES PTE. LTD. I I 151 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 E CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH J lE>la l w m I**
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  • Page 43 Advertisements
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      Page 43 Advertisements Column 1
      585 43 COMPANIA PERUANA TOgA DE VAPORES "PERUVIAN STATE LINE" JF. E fI ,N^J?I AKBUL, y FCL^OC CARGOES TO/FROM TARANI, HO* ft OTHER PERUVIAN PORTS* ITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Pwtaflf* P. Kelang Singapore JSHAPUEVERETT 21/23 May 24/26 May •ROSEEVERETT 2/4 Jun 5/7 Jun r>OHNEVERETT 12/14 Jun*
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      Page 43 Advertisements Column 2
      643 43 FULL CONTAINER West Coast. Cambtoan.Utt Canada. HAITI. Guatemala and Honduras VSL |S'PO«E MAINLINE* [LAX IKST |SAV |HTC Bj LEEWARD ttfi ZM KEELUNC U/t 77* JM 2/7 4/7 ZIM MELBOURNE 30/5 2IM IBERIA Vfi t/7 *7 IV7 W 2IM YOKOHAMA 9A ZM HAIFA 14/7 OP V OP 30,; 2IM OSAKA W
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      Page 43 Advertisements Column 3
      698 43 MSING KWANG HANI WMPW ft TRANSPORT ATOM (FT*) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA~ JENLINK 20/5 22/5 JENWEL 17/5 I I 20/5 VESSEL S'PORE BANGKOK A vESSE. IS/5 i&S A VESSEL 19/5 22/5 DESTINATIONS ETA BINOAPORE PORT KELANG 25 MAY MANILA 21 MAY HONG KONG. ALL CHINA
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      Page 43 Advertisements Column 4
      478 43 6 r® PERINTIS LINE I J ACCEPTING ALL FCL CARGOES n BETWEEN SINGAPORE AND JAKARTA SURABAYA f* VEBBCL VOY jIHQAPORE JAKARTA SURABAYA PELOPOR 1942 19/5 22/5 PRASETIA 95A 23/5 26/5 PELOPOR 943 26/5 29/5 PRASETIA 97A 30/5 2/6 TANTO UTAMA 77 23/5 26/5 TANTO UTAMA 79 i 30/5 2/6 TANTO
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      Page 43 Advertisements Column 5
      365 43 m FMEAfT 20/5 KEELUNG/KAOHSIUNG 20/5 BANGKOK 21/5 MANILA 19/5 JAKARTA 18/5 PORT KELANG/PENANG 18/5 BUSAN 18/5 TOKYO/YOKO/KOBE 21/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai HI HMBfli 19/5 LDN/FLX/LVP/SOU 21/5 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumanta/Poland/Bulgana/Czech. mllM/MilM 18/5 L.A./NYC/SFO 18/5 VANCOUVER/TORONTO/MONTREAL in matmaßLßMm 2/6 SYD/MELB/ADEL/FREM 18/5 AUCKLAND/WELLINGTON
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      Page 44 Advertisements Column 1
      437 44 PLATOU PACIFIC X *1 SHIPPING SERVICES REGULAR FAN EAST N. AMERICA BREAKBULK SERVICE OWNERS' REP OFFICE TEL: *****11 SINGAPORE FAX: *****59 P~ HANSA HANSA BREMEN V.012 RIGA V.Oll SINGAPORE 02/06 28/06 JAKARTA 06/06 03/07 SURABAYA 14/06 08/07 LOS ANGELES 16/07 10/06 VANCOUVER B.C. 26/07 20/08 Qsneral Agents: ANGLO FRENCH SHIPPING
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      Page 44 Advertisements Column 2
      251 44 VSL DESTINATION ETA SIN PIYA BHUM 225N BANGKOK 20/5 •JIRA BHUM 0M BANGKOK 22/5 MAHA BHUM 10N BANGKOK 23/5 MEKHANIK KURAKO 10N BANGKOK 24/5 SO ORIENT 21R CEBU. MANILA 25/5 AKA BHUM 22S CEBU. MANILA 1/» O. STRENGTH 23A KARACHI. BOMBAY 25/5 0. SINCERITY 24A KARACHI. BOMBAY 08 6 JENLINK
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      Page 44 Advertisements Column 3
      299 44 I/feMADKRIS BUSINESS IT** CORPORATION PHIUPPINE DIRECT REGULAR SERVICES TO MANILA BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT ALL HEAVY LIFT WELCOME M.V.'DAGOHOY' 06/90 25TH MAY MANILA/BISLIG M V OAGOHOY' 07/90 IST JUNE MANILA general ACT CALSOURCE SHIPPING A TRADING PTE LTD. (3 ROBINSON RO. 006-01 AFRO ASIA BLOC
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      Page 44 Advertisements Column 4
      291 44 |T LCL/FCL SERVICE TO/FROM v Generel AgoMOB SjEV 0+*****2 03-*****55 778 0822(22 linesi CMN MM Tin T—iw V* 0 Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) WEEKLY CONTAINER FEEDER SERVICE VESSEL VOY S'PORE JAKARTA DELTA MAS 154N/155S 20/05 23/05 EDEN 9014 23/05 26/05 DELTA MAS 155N/156S 27/05
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      Page 44 Advertisements Column 5
      167 44 VEBOCL m mi Mv oo« m ALS ENOEAVOUR VOY 14W 08/06 19/06 24/06 SILVER HAPPINESS VOY 15W 18/06 30/06 o*o7 3 AccepWnp FCL' tor Johenneebura a nSBHOI VMMML Ml OMM rn. «M KMB MMB ALS TRUST VOY 00E 07/06 08/ OS 13/06 22/06 31/06 04/00 OHFUVOY 00E 11/06 IS/06 JMM
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      555 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0(00 0700 ********************13M*****5001M******001M0 2000 2100 2200 2300 1.6 1.9 25 2.5 26 2.6 23 20 1.6 15 0.9 05 0.8 0.9 1.1 1.4 1.7 1.9 2.0 2.0 1J 14 L 4 15 f? 1.5 15
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      Page 46 Advertisements Column 1
      221 46 LIQUID CARGO PROBLEM? NEED PUMPS AND SUPPORT SERVICES? Read the advertisement on the right! PAKISTAN NATIONAL -Of 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
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      Page 46 Advertisements Column 2
      505 46 ▲HYUNDAI MERCHANT MAWNE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKG SIN HYUNDAI COMMANDER 17E 11/05 24/05 11/06 14/06 17/06 HYUNDAI EXPLO9ER 30W 23/04 26/04 29/04 17/05 24/05 HYUNDAI PIONEER 32E 25/05 31/05 11/06 21/06 24/06 HYUNDAI
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      Page 46 Advertisements Column 3
      466 46 Call *****58 or Fox *****82 SINGA PUMP SERVICES PTE LTD j •RENTALAND -PI .EP L P.-p* F.. c. T H; M- T\ EMERGENCY PEif N-.E ER. E~* ;P ILIQUID CARGO PROBLEM Hg- Tmtv P -o-g P.-. C UK/CONTINENT (TRIO) A-*«**, ft |j|^M M«t»n I* fi|i">l|i» Airtaa. CdhMtaa Mm, THrtHto S
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