The Business Times, 29 May 1990

Microfilm: NL17018
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Tuesday May 29 1990 75*
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  • NEWS SUMMARY
    • Article
      'Catastrophic' situation in Lithuania: minister
      57 1 WITH VIRTUALLY all industrial plants now closed in Lithuania because of the energy crisis, "the situation is catastrophic", the republic's Deputy Energy Minister Alvidas Laukonis said yesterday in Vilnius. He said that "as of today, all power stations have also closed, with the exception of
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    • Article
      TEC opens extension
      24 1 TEC SINGAPORE Electronics Pte Ltd has opened an $8 million factory extension, bringing its cumulative investment to $18 million Page 2
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    • Article
      Dispute may go to Gatt
      41 1 A TWO-YEAR dispute over the reclassification of some of Malaysia's textile products exported to the EC may be referred to the textile surveillance body of Gatt in Geneva should discussions end in a deadlock Page 8
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    • Article
      Treaty not ruled out
      45 1 US SECRETARY of State James Baker has said that it is possible that the US and the Soviet Union could sign a trade treaty this week, even though beneficial tariff treatment would not yet be given to Soviet exports Page 9
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    • Article
      Kremlin seeks approval
      34 1 THE KREMLIN was yesterday seeking parliamentary approval of its plan to overhaul the Soviet economy after President Mikhail Gorbachev appealed to consumers not to panic over proposed price increases Page 9
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    • Article
      Joel's a jewel
      24 1 HE'S COCKY, streetwise and one heck of a smart aleck, but Billy Joel nevertheless has a heart of gold Page 15
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    • Article
      New Indon rates soon
      34 1 THE INDONESIAN government will soon announce new tariffs for air, sea and land transportation following the 15.27 per cent average increase in fuel prices last Friday. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      NOL moots changes
      38 1 NEPTUNE ORIENT LINES is proposing to amend certain articles in its Memorandum and Articles of Association which relate to the calculation of dividend and early redemption of its Irredeemable Convertible Cumulative Preference Shares Page 3
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    • Article
      Bid for Boustead stake
      34 1 MALAYSIA'S Armed Forces Superannuation Fund, which has a 33.13 per cent stake in Boustead Holdings Bhd, is making a general offer for the remaining 119 million Boustead shares Page 3
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    • Article
      Sing$ rise hits profit
      32 1 THE APPRECIATION of the Singapore dollar against other currencies has adversely affected the results of the Jack ChiaMPH group for the year ended March 31, 1990 Page 3
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    • Article
      ACB holdings revamped
      22 1 THE KEPPEL group and Temasek Holdings have mopped up 92.1 per cent of Asia Commercial Bank Ltd Page 6
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    • Article
      Royal Trust's formula
      31 1 A STRATEGIC decision to reorganise its corporate outfit helped Royal Trust Merchant Bank to return to the black last year after two straight years of losses Page 6
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    • Article, Illustration
      STOCK INDICES
      28 1 Monday Change BT-MGA 797.15 -3.22 Kuala Lumpur ....586.04 -0.47 Hongkong Closed Tokyo 33,191.6! +397.73 Sydney 1,483.4 +3.7 Friday Change New York 2,820.92 -34.63 London 2,265.6 -11.5
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    • Article
      CURRENCIES
      23 1 Exchange rates USS S$ 1.8480 Yen (100) SSl.2361 MS SS0.6848 Money market rates Overnight 5 7/8 +1 3/8 3-month 7 11/16% +1/16
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    • Article
      COMMODITIES
      23 1 London Gold PM fix Closed Rubber S'poreJune. 158.50 Vkg -0.75 M'siaJune... 23l.50Vkg unch KL Tin Turnover 45 tonnes -4 Spot M$16.96/kg -0.01
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  • Article, Illustration
    SingLand plans big bonus, warrants issues
    484 1  -  By Elaine Koh SINGAPORE Land Ltd, now controlled by United Industrial Corporation, has proposed a massive two-for-one bonus issue and a novel two-for-one bonus warrants issue which will triple its capital base. The move, widely expected by the market, would also give the property
    484 words
  • Article
    Lock icon Myanmar's military regime concedes defeat at polls
    284 1 Reuter MYANMAR's military government yesterday conceded that the opposition was winning National Assembly elections with two-thirds of the vote and said it would hand over power after parliament agreed on a new constitution. Officials of the junta's information committee told a news conference
    Reuter  -  284 words
  • Article
    Lock icon Bangkok, KL in joint oil and gas venture
    175 1 AFP MALAYSIA and Thailand are to sign an agreement in Kuala Lumpur tomorrow to set up a joint development authority to exploit oil and gas resources in a disputed area off Kelantan. a Thai official said in Kuala Lumpur yesterday. Thai Foreign
    AFP  -  175 words
  • Article
    Lock icon Don't be distracted by East Bloc, BOJ chief tells Japan
    253 1 Reuter JAPAN should not turn away from its Asian neighbours by placing too much emphasis on recent rapid changes in East Germany and other Eastern European countries, the head of the country's central bank said yesterday. "Asian countries are the
    Reuter  -  253 words
  • Article
    Lock icon More HK people decide future
    218 1 AFP MORE HONGKONG people have decided whether they will emigrate before China takes over this British colony in 1997, according to results of an independent poll released yesterday. The survey, conducted during the first three months of this year and compared with the previous quarter,
    AFP  -  218 words
  • Article
    Lock icon Opec's output in May still over quota
    160 1 AP OPEC produced an estimated 23.57 million barrels of oil a day in the first three weeks of May despite an agreement to cut output to maintain price levels, the Middle East Economic Survey reported yesterday. The respected weekly oil industry newsletter noted
    AP  -  160 words
  • Article
    Let built-in pay rise trail productivity growth: NWC
    588 1  -  By Yong Pow Ang BUILT-IN wage increases, which include service increments and wage adjustments, should lag behind overall productivity growth, says the National Wages Council (NWC) in its guidelines for wage settlement this year. But total wage increases can be higher, depending
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      196 1 Nikon The World's Finest Photographic System. FACING THE DECADE OF UNCERTAINTY 11 NEXT STEP TO A NEW REVOLUTION? 12 WORRIES ON WALL STREET 13 Aircraft Schedule 25 Lifestyle 15 Weather 25 Commodities 24 Money Changer Rates 25 World News 9 Cryptic Crossword 25 Money Market 23 Financial News 6 Regional
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    • Advertisement
      Page 1 Advertisements Column 2
      43 1 Cruises and ferries FIND OUT which cruise ships are coming to Singapore and which regional ferry services are available, in our cruise and ferry column. Every Tuesday and Thursday on Pg 16 of the Shipping Times. China hotels facing debt problems, Pg 8
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      Page 1 Advertisements Column 3
      10 1 Bank of Japan still cautious over yen's stability, Pg 6
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    • Advertisement
      Page 1 Advertisements Column 4
      155 1 Nikon I The World's Finest Photographic S>sterrv Hock I>ock Siew, Pg 3 |»|t W pSHMMnKHHRHMMMMMER. A i s»*4, i \Hf »M»*Hfc.. i Envelope feeding .SP^ ADVANCED TECHNOLOGY h flfefe FROM BROTHER P 0 cs The HL-8e laser printer is fast quiet and easy JB^ste£s*% to use It offers outstanding performance
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Huntsmen orders binding equipment
        96 2 HUNTSMEN Offset Printing (HOP), one of Singapore's fast-est-growing printing firms and a subsidiary of the Maya Group, has placed a multi-million-dollar order for automatic book-binding equipment. The equipment, manufactured by a West German company Kolbus, is part of HOP's $15 million investment programme, and will dramatically
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      • Article
        Talking about buildings
        81 2 SINGAPORE will play host to Asia-Pacific's first international exhibition and conference on "intelligent" buildings. Known as the "Total Building Conference and AP Buro'9o", the exhibition is expected to draw some 15,000 visitors, including developers, architects, consultants and suppliers. The event is jointly organised by the Construction Industry
        81 words
      • Article
        Road closure
        76 2 NICOLL DRIVE and Telok Paku Road will be closed to all vehicles at certain times next month to cope with some 400,000 visitors expected to attend the "Singapore 2000 Global Technopolis Exhibition". The mammoth show will take place from June 7 to 24 at the Changi Exhibition Centre.
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      • Article
        Telex directory scam
        80 2 BOGUS telex and fax directory companies are still on the prowl. Several thousand letters have been received by the business community from apparently non-existent companies, mainly from overseas, offering directory listing services. Applicants are later billed for various sums of money and threatened with legal action for
        80 words
      • Article
        Program tie-up
        51 2 DUN BRADSTREET Software's forthcoming PO:Millennium (POM) financial package will be linked to Digital Equipment Corp's DEC/EDI trademark product, through the electronic data interchange. The link-up of the two software programs, which will help reduce "information float" among businesses, suppliers and customers, is expected to improve productivity and customer
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      • Article
        To the university's credit
        67 2 A CREDIT CARD exclusive to National University of Singapore (NUS) graduates will be issued by the Standard Chartered Bank. The NUS Alumni (NUSA) Visa card is introduced by the Alumni Affairs Office of the local university. To qualify for the card, one must be a graduate
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    • Article, Illustration
      Printer-maker TEC opens $8m factory extension
      338 2  -  By Claire Leow A MAJOR printer manufacturer in Singapore, which serves only two customers, one of which is IBM, is expanding its operations. TEC Singapore Electronics Pte Ltd yesterday opened a $8 million factory extension at its Ang Mo Kio premises. This brings its
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    • Article
      No free rides on Tibs buses for SBS shareholders
      403 2 THE Singapore Bus Service (SBS) says that "only a small number of shareholders" will be affected when it withdraws the privilege of free travel on Trans-Island Bus Services (Tibs) buses from the holders of its concessionary travel pass. From July 1,
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    • Article
      UK polytechnics seeking more S'porean students
      368 2  -  By Teh Hooi Ling SINGAPORE parents, who now spend about $6 million a year supporting their children through British polytechnics for degree courses, are being wooed to send more children there. According to representatives of the British polytechnics, who visited Singapore recently, the average
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    • Article
      Clearing the air over use of CFCs
      181 2 EFFORTS to reduce the use of chloroflourocarbons (CFC), an ozone-depleting chemical, are expected to move into high gear in September. A seminar-cum-exhibition will be held from the 17th to the 19th of that month to pave the way towards eliminating the use of
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    • Article
      Small enterprise unit gets a new name
      292 2  -  By Suzanne Soh A NEW NAME for a new role the Economic Development Board's small- and medium-sized enterprise (SME) division has been renamed Enterprise Development Division (EDD). The change in name and re-definition of the EDB division's role for the 1990s was announced
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      127 2 I I I! COMMUNICASIA/ > I INFOTECHASIA BROADCASTASIA '90| wm 29 MAY-1 JUNE 1990 m 35 British Companies will be represented at the CommunicAsia/lnfotech Asia/BroadcastAsia exhibition at the |H I WORLD TRADE CENTRE I Booths 4H and 6A in Halls 4 and 6 H H High quality British Information Technology,
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    • Advertisement
      Page 2 Advertisements Column 2
      64 2 Ericsson BCS 150 Digital Communications System 8 I information handliny PBX ke S S,em ACD mUl,i PBX, and hotel lunclions in one Ericsson MDIIO PABX Digital Communications System MDIIQ characteristics Wide area netw 9 ERICSSON For a Free Demonstration or Enquiry call: 747 5588 COMMUNICATION SERVICES PTE. LTD. 45, Kallang
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      NOL waives its right to redeem ICCPS early
      452 3  -  By Abdul Hadhi NEPTUNE Orient Lines (NOL) has agreed to waive its right to early redemption of its Irredeemable Convertible Cumulative Preference Shares (ICCPS), a move which could take NOL's share price beyond the $2 mark. At a press conference yesterday, the
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    • Article
      Ming Court proposes change of name to Orchard Parade Holdings
      373 3 AFTER 20 YEARS, Ming Court Hotel Ltd, which runs a hotel of the same name at the junction of Tanglin and Orchard roads, is to change its name to Orchard Parade Holdings Ltd. The follows the company's decision to terminate
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    • Article, Illustration
      Lock icon UMW's Shiew Wan Shing dies
      313 3 Bernama UMW HOLDINGS Bhd managing director Shiew Wan Shing passed away yesterday morning at the Kuala Lumpur General Hospital. Mr Shiew, 49, who had a heart attack during a holdup last Saturday morning, died without regaining consciousness after being treated at the hospital's Coronary Care
      Bernama  -  313 words
    • Article
      An exercise set to benefit UIC and SingLand shareholders
      619 3  -  THE HOCK LOCK SIEW COLUMN By Elaine Koh UNITED Industrial Corporation has wasted little time basking in the kudos from its aggressive moves on Singapore Land. In a matter of days, the market has seen UIC proposing to raise $341 million
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    • Article
      Strong Sing$ hits JC-MPH earnings
      406 3  -  By Lim Mui Khi THE appreciation of the Singapore dollar against other currencies has adversely affected the results of the Jack Chia-MPH group for the year ended March 31, 1990. This is because the results of the company's overseas subsidiaries and associated companies are converted
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    • COMPANY BRIEFS
      • Article
        Hotel Plaza transfers stake
        133 3 AS PART of its restructuring exercise, Hotel Plaza Ltd, a wholly-owned subsidiary of United Overseas Land, has transferred at cost its 25 per cent stake in Aquamarina Hotel Pte Ltd to Mount Echo Park (Pte) Ltd, another wholly-owned subsidiary of UOL, for $34.29 million cash. Also,
        133 words
      • Article
        Kumpulan Emas takes full share
        114 3 KUMPULAN Emas Bhd (KEB) recently purchased the remaining interest of 83.4 per cent in Syarikat Perusahaan Kelapa Sawit Sdn Bhd (SPKSSB). KEB said it was purchased in two tranches 440,000 shares (6.90 per cent) from Pan Salcon Ltd (S) at M 52.80 per share or
        114 words
      • Article
        Emtex sells shares
        55 3 EMTEX Corporation Bhd said the sale of 3.98 million shares in MCB Holdings Bhd would enable the company to realise cash for working capital. Emtex said in a statement yesterday that the net tangible assets per share increased by 4.0 sen while there was no immediate effect
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      • Article
        Kumpulan Guthrie forecast
        127 3 PLANTATION-BASED Kumpulan Guthrie Bhd expects a continued decline in profits for 1990, with prices for all primary commodities remaining weak, chairman Tan Sri Ghazali Haji Che' Mat said in the company's 1989 annual report. He said that commodity prices would stabilise during the year as the high
        127 words
    • Article
      Lock icon M'sian armed forces fund plans bid for Boustead
      251 3 Bernama. MALAYSIA'S Armed Forces Superannuation Fund, which has a 33.13 per cent stake in Boustead Holdings Bhd, is making a general offer for the remaining 119 million Boustead shares. The fund, Lembaga Tabung Angkatan Tentera (LTAT), bought 653,000 50cent Boustead shares in
      Bernama.  -  251 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      170 3 LEAKS IN THE SYSTEM? i« A crisis ensues and an enquiry is 1 K scheduled to discuss the extent of the v damage. Avoid unnecessary finger- J^ :.:W mH u« ,JBt pointing by providing visual evidence. f2CM' t MHm Polaroid's Spectra Camera gives you the documentation you need to state
      170 words
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Electrolux buys Thomas Cowan (Brunei)
        49 4 ELECTROLUX through its joint venture partner Maya-Elec-trolux Sdn Bhd has purchased Thomas Cowan (B) Sdn Bhd in Brunei. Currently, Thomas Cowan commands 60 per cent of Brunei's pest control market and Electrolux has a 20 per cent share of the country's commercial cleaning market.
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      • Article
        Yokogawa in Taiwan venture
        97 4 YOKOGAWA Electric Corp has set up a joint venture in Taiwan to start leasing industrial computers and measuring instruments from July I, a spokesman for the measuring equipment maker said. The as-yet unnamed company is capitalised at NT$36 million and owned 30 per cent each by
        97 words
      • Article
        Hitachi expects higher profits
        87 4 HITACHI CABLE Ltd said it expects its parent net profit to rise to 11 billion yen in the year to March 31, 1991, from 10.17 billion yen in 1989/90. Current profit is forecast at 19.50 billion, up from 18.03 billion on estimated sales of 340 billion
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      • Article
        Matsushita looking overseas
        98 4 MATSUSHITA Electric Industrial Co Ltd aims by the year ending March 31, 1993, to produce overseas more than 50 per cent of the parts and materials sold abroad from the current level of about 45 per cent, a company spokesman said. The company's overseas parts and material
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      • Article
        Toshiba wins Soviet orders
        79 4 TOSHIBA BATTERY Co Ltd, a unit of Toshiba Corp, said it has won an order to supply 100 million manganese batteries to the Soviet Union. A company spokesman said the order is being filled between March and November this year and follows an order of the
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      • Article
        NTT buys more from abroad
        93 4 JAPAN'S Nippon Telegraph and Telephone Corp (NTT) said its purchases from foreign suppliers grew 22 per cent from a year earlier to 50.4 billion yen (US$352 million) in the year to March. The partly privatised former government monopoly said purchases included digital-switching equipment, opticalfibre cables,
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    • Article, Illustration
      Lock icon Japanese stocks headed for a slow but steady comeback
      697 4 Reuter THE TOKYO stock market has scrambled back to its feet after stumbling badly earlier this year and seems set for steady, if slow, gains for the rest of the year. But the market's rise depends largely on the strength of
      Reuter  -  697 words
    • Article
      Lock icon Ayer Hitam buys into Papua New Guinea logging firm
      263 4 Agencies. AYER HITAM Tin Dredging Malaysia Bhd has acquired an indirect stake in Mosko Lumber (PNG) Pty Ltd which has a logging permit in Papua New Guinea. Ayer Hitam, a diversified tin mining company, yesterday entered into an agreement with Tom
      Agencies.  -  263 words
    • Article
      Lock icon Japan set to select Motorola mobile phone system
      368 4 FT JAPAN is on the verge of selecting equipment made by Motorola, the US company, as the sole standard for the country's digital mobile phone system. The choice of US rather than Japanese technology would be a breakthrough for foreign suppliers in
      FT  -  368 words
    • Article
      Lock icon Strong profit growth seen for San Miguel and PLDT
      380 4 Reuter PHILIPPINE beer giant San Miguel Corp and telephone monopoly Philippine Long Distance Telephone Co (PLDT) are expected to post strong profit growth in the next three years despite a tight financial squeeze due to expansion, a leading Manila brokerage firm
      Reuter  -  380 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      242 4 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 'Meeting Package" includes: three nights"
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      Page 4 Advertisements Column 2
      130 4 S interest m Western Australia as an area of potential for business and > y trade possibilities, the Department of B J W Trade Development of Western Australia is f organising a series of 7-day fully<onducted Business I Investment Tours. lo (ikrfewp fUKtfnrilfo V Highlights of the tour include presentations
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Thorn hopes to sell lighting business to America's GTE
      505 5 FT THORN EMI of the UK is 'hoping to sell its lighting business to GTE of the US. The British group said it had decided that its operation was not big enough to compete against the international industry leaders. Thorn had
      FT  -  505 words
    • Article
      Lock icon Israel eases foreign investment curbs for local companies
      286 5 Reuter ISRAELI COMPANIES will be permitted to invest up to 20 per cent of shareholders' capital abroad and form strategic partnerships with foreign firms. In a move designed to liberalise Israel's currency market, the Bank of Israel has decided to relax curbs
      Reuter  -  286 words
    • COMPANY BRIEFS
      • Article
        Lufthansa under pilot hiring probe
        86 5 WEST GERMANY'S Deutsche Lufthansa AG is under investigation by the government of the state of Hesse on suspicion of illegally hiring pilots. The investigation involves Lufthansa's German Cargo Service GmbH subsidiary, a Lufthansa spokesman said in response to an enquiry. But he also said the
        86 words
      • Article
        Saga approves Hydro stake
        97 5 NORWAY'S biggest private oil firm, Saga Petroleum A/S, said it had approved 51 per cent state-owned Norsk Hydro A/S's purchase of a disputed 9 per cent stake in Saga. Saga blocked the purchase in February, saying it was not in its interests for rival Hydro to
        97 words
      • Article
        Dow Jones, Kyodo in tie-up
        119 5 DOW JONES and Co Inc has reached an agreement with Kyodo News Service enabling Dow Jones clients in Japan to reduce the cost of retrieving data by 80 per cent. Under the agreement, a computer linked to the Dow Jones computer system in New Jersey
        119 words
    • Article, Illustration
      Lock icon GM to raise European output capacity
      510 5 FT GENERAL MOTORS of the US, the world's biggest car maker, is planning to increase its vehicle assembly capacity in Europe by 25 per cent to more than two million a year by the mid-*****, including the establishment of assembly plants in Eastern Europe.
      FT  -  510 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      291 5 fe. "The Day I Made *«t $700,000 For The Company And Still Lost Money y Over Lunch." 4rl r r W> Li '1 >?i to** «t Mto' .j^kJl $*<« w*a In today's business world, we know that it takes personal cash flow to tide between reimbursements money to make money.
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Hongkong's MTR to issue 10b yen bond
        80 6 8 I Mass Transit Railway Corp (MTR) of Hongkong will on June 5 for a 10-billion-yen, five-year Samurai bond, $riP»l market sources said. The bond will carry a coupon of fggt cent and be priced at 101.20. Payment date is June 13. Vjtouchi
        80 words
      • Article
        IBJ names new president
        50 6 QppJSTRIAL Bank of Japan Ltd named current deputy gMttent, Yoh Kurosawa, 63, as its new president, a spokesjafaan said. Mr Kurosawa will replace Kaneo Nakamura, 67, fnG»~will become chairman, she said. The official appointrisgt will be made at a company board meeting scheduled for 28 WSr
        50 words
      • Article
        Trustbank doubles profit
        50 6 ZEALAND'S fifth largest savings institution, TrustBjetfk, reported on Monday it had doubled its after-tax profit igCjjfie last year, managing director Frank Dixon said in a flpQnent. In the year to March 1990, its after-tax profit was Sft£}37 million. In the previous year, the figure was NZ$lB BHttion.
        50 words
      • Article
        Bank of Italy restraining lira
        120 6 Bank of Italy intervened for the fourth time in five tdkHng days by buying French francs and marks at the fixing irlke lira was once again set at its maximum permitted level M|ast the French currency within the European Monetary System (EMS). The bank bought
        120 words
    • Article
      Lock icon Amro and ABN plan share swap
      328 6 Reuter AMSTERDAM-Rotterdam Bank NV (Amro) and Algemene Bank Nederland NV said they planned a 1.3 billion guilder preference stock rights issue and a share swap as part of their merger. The banks said in a statement they expected to complete their proposed full meiger
      Reuter  -  328 words
    • Article
      Keppel, Temasek hold 92pc stake in ACB
      345 6  -  By Abdul Hadhi THE KEPPEL group together with Temasek Holdings have mopped up 92.1 per cent of Asia Commercial Bank Ltd. They also now own 93.2 per cent of ACB's convertible unsecured loan stock (CULS) 1987/2012. Keppel also announced yesterday the appointment of
      345 words
    • Article
      Royal Trust in the black after revamp
      212 6 A STRATEGIC decision to reorganise its corporate outfit has enabled Royal Trust Merchant Bank to return to the black last year, following two straight years of losses. The Canadian merchant bank reported a net after-tax profit of $1.8 million for its 1989 financial
      212 words
    • Article
      Lock icon Japanese economists expect American dollar to ease further against yen
      590 6 Reuter THE US DOLLAR is expected to weaken further against the yen on technical factors during the next month, but economists in Tokyo doubt that the greenback will break below psychological support at 147.00 yen. "Stable Japanese economic fundamentals are
      Reuter  -  590 words
    • Article
      Lock icon World Bank directors to discuss new loans to China
      299 6 Reuter WORLD BANK directors are meeting today to discuss whether to grant two new loans to China, and Japan's government and bankers are hanging on their decision. Tokyo sees the World Bank as the bellwether for progress on ending economic sanctions
      Reuter  -  299 words
    • Article, Illustration
      Lock icon Bank of Japan still cautious over yen's stability
      170 6 Reuter BANK of Japan Governor Yasushi Mieno said it is a little too early to say if the yen's uptrend has been firmly established. In a speech to businessmen, he said Japan's domestic prices are stable for now but the central bank
      Reuter  -  170 words
    • Article
      Tokyo bank profits cut by 10pc
      262 6 JAPAN'S 10 biggest banks saw their profits slashed by around 10 per cent last year as margins between borrowing and lending were further squeezed by rising interest rates, figures released yesterday showed. Some of the banks also attributed the decline in net profits to
      262 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      346 6 LA-40 (286) LAPTOP The biggest feature of the &afa**irvL LA-40 extremely small In fact, the LA-40 is so small, it can easily fit into any executive briefcase. And it fits your budget too, with an equally compact price of only $4450 Footuros of tho LA-40• rii i I* l l
      346 words
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      Page 6 Advertisements Column 2
      121 6 THE COMPUTER-BASED SERVICE FOR Fundamental Analysis FUNDAMATIC 11, a powerful module from the Investamatic suite of programs, offers essential fundamental data on ail stocks listed on the SES and KLSE. More than 5 years of Historical Earnings, Profit Loss, Balance Sheet, Dividend, Capital Change etc. Financial Ratios, Ranking by Equity
      121 words
  • Page 6 Miscellaneous
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      42 7 BRING A NEW INTERNATIONAL DIMENSION TO YOUR BUSINESS WITH FRANCE TELECOM > •.7 A* 1 m~~- 4P&4L V jjmfc i- Z** o*2r'.0*2r'. -•V s r- sr-^1 >•'■» a* J <jjf- I Mfiil &m v V i» J XOT fesiafL.. iin^nirS —■—————^—————m^»—■■————————— r^ T yyY^^LAAdb»J
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  • THE REGION
    • NOTE BOOK
      • Article
        Landing mishap keeps Manila flights frozen
        95 8 FLIGHT OPERATIONS at Manila international airport in the Philippines remained suspended yesterday while workers tried to free a Thai International Airways Airbus 300 ditched in mud. The Airbus Industrie jet, on a flight from Bangkok, swerved off the runway after breaking its nose gear
        95 words
      • Article
        Ramos denies coup plot claim
        117 8 PHILIPPINE Defence Secretary Fidel Ramos yesterday branded as propaganda allegations that he was plotting a coup using "oriental-looking" American marines to ensure the continued stay of US bases in the country. An army rebel faction called the Young Officers Union (YOU) said on Sunday the
        117 words
      • Article
        Call to cut logging in Sarawak
        71 8 THE WORLD WIDE Fund for Nature Malaysia has called for an immediate reduction in logging rates in Sarawak's tropical forests and financial assistance from industrialised countries to promote sustainable development in the state. The call was made in the wake of findings of an
        71 words
      • Article
        Pests blamed for food shortage
        102 8 RATS AND BUGS are keeping Bangladesh from being able to feed its people, agriculture experts say. President Hossain Mohammad Ershad has said Bangladesh's annual foodgrains production will go up to 20 million tonnes by 1992, enough to feed the impoverished nation's entire population of 110
        102 words
      • Article
        Tokyo to jack up parking fines
        55 8 JAPAN'S harassed police are planning draconian measures to end illegal parking in this country of 50 million cars. Police said yesterday a draft bill going before the cabinet on June 1 would increase the maximum fine for illegal parking in cities from 30,000 yen
        55 words
    • Article
      Lock icon Thai resort of Rayong reopens
      93 8 AFP AN ISLAND in eastern Thailand where tourists had been banned last week for fear of incidents between tour operators and residents was re? opened to tourists on Monday. Officials in Rayong, 208 kilometres east of Bangkok, had said the ban was aimed at "protecting
      AFP  -  93 words
    • Article
      Lock icon India to step up exports, cut borrowings to avoid debt trap
      344 8 Reuter INDIA needs to sharply increase exports and cut down on foreign borrowings to wriggle out of the difficult balance of payments situation and avoid falling into a debt trap, the official 1990-95 planning document said. India's blueprint for
      Reuter  -  344 words
    • Article
      Lock icon KL may ask Gatt for ruling on textile dispute
      480 8 MBT A TWO-YEAR dispute over the reclassification of some of Malaysia's textile products exported to the European Community (EC) may be referred to the textile surveillance body of the General Agreement on Tariffs and Trade (Gatt) in Geneva should discussions end
      MBT  -  480 words
    • Article, Illustration
      Lock icon The show may not go on in US
      72 8 Dancers performing in Hongkong on Sunday to commemorate the first anniversary of the June 4 crackdown in China. A Hongkong theatre group, however, which planned to stage a production in New York, also to commemorate the event, may have to cancel its
      AFP photo  -  72 words
    • Article
      Lock icon China hotels facing debt problems
      296 8 NYT CRIPPLED BY the collapse of the tourism industry, for-eign-financed hotels across China are struggling to meet their debt payments. In large cities such as Beijing and Shanghai, hotel occupancy rates have been increasing slowly as business executives return. But in tourist spots such as
      NYT  -  296 words
    • Article
      Lock icon Asian nations warming up to Moscow, say officials
      354 8 IHT AS ECONOMIC problems force the Soviet Union to reduce its military presence in South-east Asia, staunchly anti-communist nations in the region are shedding their mistrust of Moscow and welcoming offers of expanded economic and political cooperation, officials say. Moscow, however, faces
      IHT  -  354 words
    • Article
      Lock icon M'sia scraps hydroelectric dam project
      228 8 Reuter MALAYSIA has scrapped plans to build a giant MS 10 billion hydroelectric power dam that environmentalists had said would threaten wildlife and jungle tribes. Energy Minister Samy Vellu said in Kuala Lumpur last Sunday that the Malaysian Cabinet had decided against the Bakun project
      Reuter  -  228 words
    • Article
      Lock icon Manila economic planning chief rules out recession
      309 8 AFP PHILIPPINE economic planning chief Cayetano Paderangas has ruled out a recession, in the country in spite of problems with inflation, interest rates and investor confidence. Mr Paderangas, in a statement published in Manila yesterday, analysed the effects of last December's bloody coup
      AFP  -  309 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      72 8 TEPRANYAKI SPECIAL ATJTHE g'nga 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 person. Lnre yth the^ taste of Japanese seafood in the evening Yokoso! Japanese hospitality at River View Hotel!
      72 words
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      Page 8 Advertisements Column 2
      155 8 10 ways the Dale Carnegie Course* helps men and women: Poise and Confidence Public Speaking Human Relations Insight People Management Skills Effective Communications Motivational Skills The Courage to Think, Decide and Act Sell yourself and Your Ideas Develop Your Hidden Abilities Win a Better Job, More Income With the Dale
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      Page 8 Advertisements Column 3
      98 8 A long season of discontent, Pg 10 :s JjW Hakka Restaurant WvmM Business Hours: 11.30 am to 3pm 6.30 pm to 10 pm Daily TTaicCcs axsw diSa&KK) cxm? (QMsm Cflfoiff cirri Hakka Chicken 4SJV\\\\ \l I I lullfl 9 Preset Vegetable u\\\\\\\\ 1/IUM/l Braised Bean Curd with Fork l Beef
      98 words
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  • THE WORLD
    • Article
      Lock icon Baker does not rule out trade treaty at US-Soviet summit
      415 9 Reuter US SECRETARY of State James Baker has said that it is possible that the US and the Soviet Union could sign a trade treaty this week, even though beneficial tariff treatment would not yet be given to Soviet exports.
      Reuter  -  415 words
    • Article, Illustration
      Lock icon Soviet Parliament considers reform plans
      572 9 Reuter THE KREMLIN was yesterday seeking parliamentary approval of its plan to overhaul the Soviet economy after President Mikhail Gorbachev appealed to consumers not to panic over proposed price increases. The Moscow city authorities, trying to ease the crush of buyers who besieged shops last
      Reuter  -  572 words
    • Article
      Lock icon US machine tool orders rise by 8.9pc
      304 9 NYT ORDERS for Americanmade machine tools increased 8.9 per cent in April from March, rising to their highest level since September, according to a trade association. Analysts said that the results reflected slight increases in capital spending by domestic manufacturers, especially aircraft companies.
      NYT  -  304 words
    • Article, Illustration
      Lock icon OECD ministerial meeting to focus on international trade
      594 9 IHT THE ORGANISATION of Economic Cooperation and Development's annual twoday ministerial meeting, which begins in Paris tomorrow, will largely ignore the challenge of transforming the economies of Eastern Europe into free markets, and instead will focus on international trade. There is special
      IHT  -  594 words
    • Article
      Lock icon Americans trusting Soviets more: survey
      263 9 AP THE SOVIET UNION'S popularity has soared in the United States since the last superpower summit, and Americans increasingly support US military cuts to reflect the lessened tensions, a survey found. As President George Bush and Soviet President Mikhail Gorbachev prepare to meet in Washington
      AP  -  263 words
    • WORLD WATCH
      • Article
        Aussie economy nearer to recession: economists
        98 9 AUSTRALIAN ECONOMIC GROWTH FIGURES to be released this week are likely to show that the country moved one step closer to recession in the first quarter of this year.. Economists in Sydney forecast that seasonally adjusted real gross domestic product will show a fall
        98 words
      • Article
        Hyundai workers end strike
        61 9 UNION MEMBERS at South Korea's biggest car manufacturer resumed work yesterday, ending a strike that has stopped operations for the past two weeks. Some hardliners, however, still refused to work. A spokesman at the Hyundai Motor Company said about 96 per cent of the 17,000-strong workforce
        61 words
      • Article
        Seoul-Moscow pact reported
        69 9 THE SOVIET UNION and South Korea have agreed to exchange permanent missions in September, says a South Korean newspaper. Quoting unidentified sources, the Seoul Shinmun national daily reported yesterday that both governments tentatively planned to announce the agreement, which will put the two countries one step short
        69 words
      • Article
        Moscow may open Vladivostok
        93 9 THE SOVIET UNION is likely to open the Far Eastern naval port city of Vladivostok to foreigners next April, a Tokyo financial daily said yesterday, quoting a Soviet official. Valery Lozovoy, deputy governor of the city's province of Primorskii Kray, made the remark to a Nihon
        93 words
      • Article
        Anti-inflation accord extended
        71 9 MEXICAN PRESIDENT Carlos Salinas de Gortari has an- nounced that the government, business and labour leaders have agreed to extend a tough anti-inflation agreement aimed at cutting annual price rises to less than 10 per cent. Mr Salinas, speaking at a news conference in Mexico City last
        71 words
      • Article
        De Klerk raps Conservatives
        83 9 SOUTH AFRICAN President Frederik de Klerk yesterday 5 hauled the ultra right-wing Conservative Party over the coals for inciting whites to violence, branding its tactics as sponsible, undemocratic and dangerous In a harshly-worded statement in The Nationalist, the official mouthpiece of his ruling National Party, Mr
        83 words
    • Article
      Lock icon Poland urges cancellation of its foreign debts
      309 9 Reuter POLISH Prime Minister Tadeusz Mazowiecki was quoted on Sunday as saying that the cancellation of foreign debt had created the German post-war economic miracle, and his country deserved the same break today. In an interview with the Paris daily Liberation on the
      Reuter  -  309 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      161 9 5-XJ Durham University Founded in 1832, Durham is the third oldest University in England with a rich tradition as a centre of scholarship research. Durham University now offers senior executives professionals the opportunity to obtain an MBA qualification in Singapore. This distance learning programme is structured to develop business skills
      161 words
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      Page 9 Advertisements Column 2
      102 9 r s* 11 Ha^ aCC a town, Do you ever write or edit documents like ._w_. annual reports, corporate brochures, press j p releases or newsletters? With the help of the JO*® 3fW{f§3o) British Council's Editorial Skills course, you itaBUMIMMM will learn how to find the words to say Pmamth&m-j
      102 words
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  • Article
    Fortify banks or close ranks
    485 10 EDITORIAL FOR YEARS, local banks and insurers have been enjoying some form of government protection from foreign competition in the domestic market. But Prime Minister Lee Kuan Yew last week gave the first indication in public that the days of government protection are numbered. Mr
    485 words
  • WHAT THE OTHERS SAY
    • Article
      Crying out for justice
      209 10 PRESIDENT George Bush's decision to renew China's Most-Favoured Nation status has raised an uncomfortable question: How should other nations respond to a country suppressing its citizens? And in this, China, most recently remembered for its Tiananmen massacre, is far from alone. Indeed, the world over, dictatorial
      209 words
    • Article
      Ball in China's court
      113 10 PRESIDENT BUSH has taken a bold and wise step to extend China's Most Favourite Nation (MFN) status for a year. Under current circumstances, any major political changes in China will have to come from within. And the extension of its MFN status will certainly help China
      113 words
    • Article
      Mid-East portents
      137 10 THE MASSACRE of six Palestinians by a deranged former Israeli soldier has heighted tension in the occupied territories and angered Arab countries. The latest incident and the issue of an inflow of Jews from Soviet Union to Israel the latter development is resented by the Arab world show
      137 words
  • REGIONAL VIEWPOINTS
    • Article
      A cool and collected move
      184 10 AMERICAN President George Bush has announced he will extend for another year the most favoured nation status for China. The decision of the US on this matter, coming a year after the Tiananmen Square bloodbath, has been the focus of attention (America had renewed China's
      184 words
    • Article
      Dirty talk
      135 10 LEADING industrial nations are shirking their responsibility to cut down global pollution. And it seems that nothing short of a meeting on a toxic rubbish dump will force them to take serious action, particularly in finding the cash paltry compared with the sums spent on weapons to encourage
      135 words
    • Article
      The human factor
      108 10 MALAYSIA is among 46 countries with a high rate of human development, according to the United Nations Development Programme (UNDP). Singapore is the only other Asian country. The others are industrialised states, and the 46 are the cream among 130 industrialised, developing and least developed countries that
      108 words
  • Article, Illustration
    Lock icon A long season of discontent
    833 10  -  It's been a year since the Tiananmen massacre, and the Chinese are unhappy... and afraid, writes Janet Snyder Janet Snyder Reuter TRACES of tank tracks are still imprinted in the tarmac of Beijing's Avenue of Eternal Peace, just as the bloody events of one year
    Reuter  -  833 words
  • Page 10 Advertisements
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      59 10 < EnmmatilcAsiaSß IttbtoßMsbSl 29 MAY 1 JUNE 1990 WORLD TRADE CENTRE SINGAPORE <>: •n > c r-.-f Programme =>o= y Dea' v < fliptfy UpMH MM|| Organs ed by Supposed by PHIKfTT umwtd- r> n ,d» po Ai_!J sir,* m Urv Fo4r y t>«vtlopm«nl '""TtSSZ E__ln«t.t« In»*crv»ttoft«i*« I Board Alfunftfr
      59 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      30 10 DOONESBURY r ===J OfW THQSS TEARS, ARBYOUCQMN6 GMJgW CDMIN6> (W IHOUKN&&' IT'S mjM TDTHBSeXVICS, N0... I WMfe GO- S&YOU T/M£ FOR STUMP CLiPe* NO, I 1 LATZK, WHO* AIPS7RJCK9! yr
      30 words
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  • ANALYSIS
    • Article, Illustration
      Facing the decade of uncertainty
      1761 11  -  Donald Putnam Henry, a Rand Corp economist, was in Singapore recently to share his visions and views of the *****. Below are excerpts of his speech Donald Putnam Henry During the 1980s, the world economy grew at over 2.5 per cent yearly. Population growth worldwide
      1,761 words
    • Article
      Ebb in NIEs, miracle in East Europe
      737 11 WHAT ARE the prospects for the various regions of the world? First, the growth rates of the newly-industrialised nations of Asia are bound to slow down some time within the next decade. Once capital labour ratios, education levels and technology levels of these
      737 words
  • Page 11 Advertisements
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      86 11 CONTACT LENSES PHILIP D. IZAAC LC.O (LDND) MEMBER OF THE BRITISH CONTACT LENS ASSOCIATION Consultation Hours. Mon To Sat: 10.30 am 7.00 pm Sun Public Holidays 11.30 am 6.00 pm PHILIP D IZAAC OPTOMETRIST-CONTACT LENS CLIMC 02-26 Paragon Shopping Centre 290 Orchard Road Tel. *****66 ARE YOU RELOCATING YOUR FACTORY/WAREHOUSE
      86 words
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  • FOCUS 1
    • Article, Illustration
      NextStep to a new revolution?
      1296 12  -  Last week, Steve Jobs said the first revolution in personal computing was spreadsheets; the second was desktop publishing; and the third will be interpersonal computing. But will Jobs' new wonder be the NeXT standard operating system? Leo T Scherschel gives nis views Leo T Scherschel
      1,296 words
    • Article
      Lock icon US$3m East Bloc orders for Seagate
      129 12 Bernama SEAGATE has further expanded into the Eastern European marketplace, and is already receiving over US$3 million worth of sales orders from East Bloc countries since export licence requirements were lifted for the company last week. Seagate believes that this event makes it the
      Bernama  -  129 words
    • Article
      Lock icon Specialisation the key to new super-computers
      473 12 INNOVATION NYT A TEAM of scientists at Columbia University led by physics professor Norman H Christ has built one of the fastest computers in the world. It can perform 6.S billion operations per second, three times as many as the largest supercomputer built by
      NYT  -  473 words
    • Article
      Lock icon 30 PC-makers open Windows to new possibilities
      288 12 NYT ABOUT 30 manufacturers of personal computers will include Microsoft Corp's new Windows 3.0 program with computers they sell, a move that will help push the program towards becoming a standard. Microsoft officially unveiled the program at a news conference in New York
      NYT  -  288 words
    • Article, Illustration
      Lock icon What's worrying Wall Street silly?
      1416 13  -  Robert D Hershey Jr discusses increasing nervousness over the American federal budget deficit Robert D Hershey Jr NYT THE US stock market has been hitting new highs in recent weeks, but Wall Street can't get its mind off something else that has gone through the
      NYT  -  1,416 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      129 12 (seasonal lows predicted) LlM± has decided to help motorists weather the storm of high costs of driving a car, with a special low-rate season. Starting now you can rent a well-maintained car, any make, economy to luxury, self-drive or chauffeured, at a lower rate than usual. You'll find that our
      129 words
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      Page 12 Advertisements Column 2
      65 12 Urns a INNOVATIONS r V>ome see the latest products and services being offered by over 200 U.S. firms at the "Marketing USA" catalog exhibition. If you are looking for new lines to represent, this is where you will find them. Venue Sheraton Century Park Hotel Connaught Room Dates May 30
      65 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      143 13 m> ii A —T aA t wl hHHHh VJy WE'RE TIED IN WITH ALL YOUR BUSINESS PLANS. ~M f -S SfV b |L '^V At the Carlton, we believe in doing all we can to make your business here a success. From providing full conference facilities to restaurants and bars
      143 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      946 14 WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE.. Ti II 1 1 r The Great Italian Chef VINCENT PECORARO Baaed In Hawaii where he revoluttonaltoed Italian food in America! Only from June IsT to June 17th 1990 For Reservation# Call *****02 /llitalia
      946 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      471 14 P TELEVISION AND RADIO rm -a 1 800 It's Your Move (L). 155 CaMa Naws Natwarfc. BU^INF^^ The fighting Frenchman 7M m ¥<w rs, mc, m.s o O Tusicrr Bop. In a high-stakes, win- 5.34 layah Prayar Cat. 7.10aM. S.2Saa. l.Mfa. s" plans to make up ner-takes-all poker game, t.44
      471 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Out to touch home plate
      1099 15  -  While he has his share of brickbats Billy Joel will chalk up yet another record by being the first act to play at Yankee Stadium next month. Mike Zwerin reports Mike Zwerin IHT COCKY, streetwise, Smart-on-the-edge-of-smart aleck, tough with a heart of gold, Billy Joel
      IHT  -  1,099 words
    • Article, Illustration
      Voices and visions
      509 15  -  Kermit will never be the same again after Jim Henson's death, but to Claire Leow, his spirit will linger on always Claire Leow THE THOUGHT that Kermit will no longer whine and sing troubles me. As does the fact that Ernie would no longer be able to
      509 words
    • Article
      Street named after Mickey Spillane
      254 15 A STREET that runs beside Mickey Spillane's old elementary school now bears the author's name. One of Spillane's grade school teachers showed up for the dedication ceremony attended by the writer on Thursday, along with dozens of young students from the Theodore Roosevelt Elementary and
      254 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      245 15 AND. ENTERTAIN I Who Says You Cant Mix Business I With Pleasure? MONDAY TO FRIDAY, 12 NOON TO 2.30PM, WITH MAIN COURSE $31.00+ COLD BUTTET: %x Hubertus Grill, the Businessman's Luncheon offers you the opportunity to enjoy a sumptuous appetiser and dessert buffet and Z an ila carte main course
      245 words
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      Page 15 Advertisements Column 2
      78 15 "Sizzling, Mouth' Watering Steak Awaits You At Jack's Miramar" iSH V Succumb to itl Amidst cozy atmosphere, savour tender juicy steak, prepared the way only Jack's Place knows best. And at prices that are value for your money. Located conveniently just outside CBD with sheltered multi-storey car park. jiMsaac JJL
      78 words
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      Page 15 Advertisements Column 3
      287 15 Til 11/ A Restaurant and 1 Ivv/1 IVrV Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE The splendour of fine russian and continental cuisine right in the heart of the central financial district the perfect place for your business entertainment. I Ala-car set lunch I and dinners available daily. Restaurant Hour*
      287 words
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  • SPORTS
    • SIDE LINES
      • Article
        Schwantz wins German motor-cycling GP
        74 16 KEVIN SCHWANTZ of the US rode his Suzuki to victory in the 500 cc class at the German Motor-cycling Grand Prix in Nuerburgring on Sunday. Wayne Rainey, also of the US and leader in World Cup standings, was second on a Yamaha and Niall Mackenzie
        74 words
      • Article
        Steinlager II sold
        56 16 Round The World yacht race winner Steinla--1 ger II has been sold to an Italian businessman for an undis- closed sum, team officials in Auckland said yesterday. The New Zealand-designed and built maxi-ketch was purchased by Giorgio Falck, who owns the maxi Gatorade (formerley NZI J Enterprise),
        56 words
      • Article
        Footballers deny plot
        148 16 STAR fullback Fernando Astengo and two Chilean national soccer team aides on Sunday angrily denied accusations by I goalkeeper Roberto Rojas that they were involved in a plot to force the suspension of a World Cup qualifying match in Brazil nine months ago. Rojas, in an interview
        148 words
      • Article
        Sweden destroys Finland
        91 16 ANDERS LIMPAR scored one goal and set up four others as Sweden crushed Finland 6-0 in Stockholm on Sunday in an impressive warm-up finale for the World Cup. Mats Magnus- son of Benfica of Portugal, one of Europe's highest scoring J forwards this season, and fellow striker
        91 words
      • Article
        Prpic beats Gilbert
        48 16 GORAN PRPIC topped Brad Gilbert and Goran Ivanisevic beat Jim Courier on Sunday, giving Yugoslavia a surprising victory over the US in the US$l.3 million ATP World "Team Cup in Duesseldorf. Prpic won in straight sets 6-4, 6-4, while Ivanisevic beat Courier 3-6, 7-5, 6-1.
        48 words
      • Article
        Suns outshine Trail Blazers
        94 16 4CEVIN JOHNSON had 28 points and 17 assists and Phoe<nix's bench outscored Portland's 31-10 as the Suns beat the Trail Blazers 119-107 on Sunday, tying their Western Conference championship series 2-2. Game 5 in the best-of-7 series is tonight at Portland's Memorial Coliseum, where the Suns
        94 words
      • Article
        Theakston takes trial
        45 16 CAYN THEAKSTON overcame a late start to win the prorogue of the 16-day Milk Race cycling event by more than five .seconds in Penzance on Sunday, beating fellow Briton Joey McLoughlin. Theakston finished the 8.7-km time trial in 12 minutes, 1.7 seconds.
        45 words
      • Article
        Gelfi wins 10th stage
        89 16 LUCA GELFI of Italy won the 10th stage of the Tour of Italy, beating overall leader Gianni Bugno of Italy by six seconds in the 68-km time trial. Bugno increased his overall lead by three minutes, taking a four-minute-and-eight-second -advantage over Tour of Italy winner Marco
        89 words
    • Article
      Lock icon Olazabal holds on to lead
      304 16 AP SPAIN'S Jose-Maria Olazabal knocked in a 12-foot putt for a par on the 18th hoie on Sunday to save a one-shot lead after three rounds of the European PGA Championship in England. Olazabal, who was tied for the lead after each of the first
      AP  -  304 words
    • Article
      Lock icon Levi ends victory drought in Atlanta
      343 16 AFP WAYNE LEVI ended his five-year victory drought in Georgia on Sunday by winning the Atlanta Classic the same tournament at which he notched up the last of his eight previous wins. Levi, a 13-year veteran on the US PGA Tour, capped off a
      AFP  -  343 words
    • Article, Illustration
      Lock icon Luyendyk thunders to victory
      547 16 AP ARIE LUYENDYK had been a perpetual also-ran, an outsider who came to the Indianapolis 500 each year, and finished up the track seventh in his first race, 21st in his last one. And each year, Luycndyk thought if he ever got the right equipment, he
      AP  -  547 words
    • Article, Illustration
      Lock icon Almost anybody could win the men's title at French Open
      709 16 AP WILL THE real men please step forward? When the French Open began yesterday, the women's battle lines will already be clearly defined: can Steffi Graf hold off Monica Seles? But the men can't seem to produce a strong favourite,
      AP  -  709 words
    • Article
      Lock icon Just one second's good enough for Senna
      250 16 AP TO SOME, a second is a blink of an eye. To others it may be an eternity. Ayrton Senna had his own view of the time. "It was good enough to win," the Brazilian said. Senna held on to 1.087 seconds of
      AP  -  250 words
    • Article, Illustration
      Lock icon Australian Murray chases America's Cup
      388 16 Reuter AUSTRALIAN yachtsman lain Murray yesterday announced his challenge for the 1992 America's Cup. The challenge led by Murray, skipper of Kookaburra 111 in the 1986-7 America's Cup, was launched in an unfinished museum serving as the club-house for Sydney's new Darling Harbour Yacht Club,
      Reuter  -  388 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      UIC hogs the limelight in otherwise dull market
      4238 17  -  By William Chia SHARE PRICES on the Singapore stock market closed lower yesterday after a day of quiet trading, with activity dampened by holidays in Hongkong, the UK and the US. The Straits Times Industrials Index of 30 Singapore blue chips fell
      4,238 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4173 18 Main Board GE Life 1450 50 3.6% UIC 290 +13 +4.7% DBS 1360 +10 +0.7% Isetan 50* 895 +10 +1.1% Chem lnd 350 +10 2.9% Metalock 25* 314 +10 +3.3% CAC 426 +8 +1.9% ICB Wrts 202 7 3.6% FELSWt 340 +6 +1.8% CAC Wt
    4,173 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      PROPOSED ISSUES
      375 19 Company Rights Issue Cauuway to* Capital reduction scheme to reduce par value of shares from $100 to {060. Rghts issue of 3:2 fe JO 60 per share Cm 0n*tor one M$« 00 per share Every tour rights shares would be issued with one TSR FAC8 One tor one
      375 words
    • Article
      AUDITED RESULTS
      329 19 Cmmmv Date Ytar Group Mat Net earnings Gross ana to profit/loss (L) par share dividend (*000) (cents) Hen« Foil May 25 Dec 89 $10.306($12,091L) 9 4(-) 2(~) PM Hides May 24 Dec 89 $6.412($3.488) 42 7(23 3) 10(7 5) ROC May 23 Dec 89 $1.553($1.493) 6 2(60) 3(3)
      329 words
    • Article
      CORPORATE DEVELOPMENTS
      132 19 May 28 Landmarks Holdings Sdn Bhd said it will buy a 50% stake in ÜBN Holdings Sdn Bhd from Peremba Bhd for MJ22I lm through a share issue Landmarks will also take over an outstanding MJ4I 3m loan ÜBN owes to Peremba. whose stake in Landmarks' enlarged capital
      132 words
    • Article
      DIVIDENDS ANNOUNCED
      1221 19 Current Ex Books Date Total tar Total tar payment data dose payable the year last year BAI 8% tun 8 tan 22 Jul 2 81 tomb 3% Jun 25 MS Jul 18 3* 3* Baatrad 510) Apr 18 Hay 4 Jun 7 51 15* BomtMdcc 3* Apr 25
      1,221 words
    • Article
      PRELIMINARY RESULTS
      206 19 Company Oat# Ytar Group pre-tax Mat earnings Gross ann ta proflt/loss (L) P« share dividend ('000) (cents) Drawn P May 22 Dec 89 M$14.660($15.590) 140(164a) 10TE(36TEa) Georje Kent May 22 Jan 90 M$4,876($5.461l) 90(-) 9(3) K Krtas May 21 Mar 90 M$646l($313l) -<-> -<~> MAA May 21 Dec
      206 words
    • Article
      RESULTS DUE
      347 19 Singapore Stock# FuM Year EL* IS, *£5 *2 last ft* (J1,00) Mai Fral Feb Nov 89 391 100 11.728 Mvco Wo Fral Mar 27 Oec 89 MML I tor, Kat Wenm Mar 30 Oec 89 u r,~tt final to 19 Mar 90 08(a) 8J091 5c 52 W 90
      347 words
    • Article
      INTERIM RESULTS
      184 19 Cewpany Date Half-year Group pre-tax Interim ann te profit/loss (L) dividend ('000) Wearttes May 23 Mar 90 $28.406($19,539) 7(7) Van dcr Horst May 21 Mar 90 $1,836($315) Goodwood Park May 16 Mar 90 $15,208($7,106) 30b(10) H Msia May 16 Mar 90 $l,725($592l) 5(-) Spore Land May 4 Feb
      184 words
    • Article
      BONDS, LOANS & WARRANTS
      671 19 BONDS, LOANS WARRANTS ri—MT Cumd- Cwvrd- fmhrom wnfcwry %kan oTi Before 26/4/93 1 warrant plus $309 cash Caaeway Lmi Caaeway Wt 2/10/89 to 20/10/94 1 warrant plus |1 cash or 1 warrant plus > $1 nominal amount of loan stock OuxMolWn ChuatftvWt March 87 to 31/12/91 1.55 warrants pte <1.55
      671 words
    • Article
      APPROVED ISSUES
      346 19 Company Rights Issue frd| Or* tor-one $185 per share Ei-date Aor 23 Books Close May 7 Acceptance A Payment Jun IS |mj Or* tor-one <& MJO 70 per share Ex-date Apr 9 Books ctose Apr 24 Acceptance K Payment ton 12 141 Two-tor-fcve Mil 90 per share Ex-date
      346 words
    • Article
      COMPANY MEETINGS
      165 19 Urated Engineers tinted: 76th AGM at UE Building. 187-209 River Valley Road, Singapore 0923 on Tuesday, May 29, at 12 noon. Esso Malaysia Berhad: 31st AGM at Ballroom. Equatorial Hotel, Jalan Sultan Ismail, Kuala Lumpur on Wednesday, May 30, at 10.30 am. Cathay Pacific Aiways Ltd: AGM at
      165 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      88 19 It could be a controversial deal between two stock market stars, a IT- thought-provoking report by university researchers on the latest trans-European i Viy j FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature
      88 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market eases on lack of follow-through support
      3734 20 Bernama SHARE PRICES closed slightly lower on the Kuala Lumpur Stock Exchange (KLSE) yesterday in selective trading. The KLSE Composite Index fell 0.47 of a point to 586.04 while the Industrial Index was 0.24 of a point lower at 1,152.89. Trading interest, which
      Bernama  -  3,734 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      53 20 ANNOUNCEMENT i SINGAPORE Buy a copy of Business Times on 5 June and get a copy of Singapore Business FREE. r m gß»\iSii TTTth I, SUBSCRIBE TO j SINGAPORE BUSINESS AND YOU COULD GET Chivas plus lucky draw prizes Fop Enquiries, Please Can Tel: 255 0011 (Circulation Oept) 740 1280/740
      53 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares finish higher on stronger yen
      2287 21 Reuter TOKYO STOCKS closed well up on the day on a strong yen, but off their highs on profit-taking after an early surge yesterday. As the benchmark index neared another technical recovery level, even bears started to be cautiously optimistic, but most brokers said
      Reuter  -  2,287 words
  • Article
    STOCK EXCHANGE OF HONGKONG
    2339 21 Value Volume Last (HK$) C000) sale Semi-Tech Micro 103,286,000 65,535 0.37 Swire Pacific A 83,665,000 4,505 18.50 Hutchison 80,281,000 7,383 10.80 Ming Ren Inv 77,420,000 23,416 3.425 Jar Math Hldgs 55,539,000 1,668 33.75 Allied Overseas I 55,514,000 50.680 1.12 Dairy Farm Intl 52,336,000 5,190 10.10 New
    2,339 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      15 21 The Hongkong market was closed yesterday for the Dragon Boat Festival. Below are Friday's prices.
      15 words
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      Page 21 Advertisements Column 2
      109 21 change our attitudes about how Chaos is a science of everyday things the world works." of art and economics, of biological Newsweek rhythms and traffic jams, of waterfalls > J. I weat^eri i 2 K am- \m egun t0 c^ an^e t^ie way business 1 n C Ja I 5
      109 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks rebound on thin volume
      • Article
        SYDNEY
        1209 22 AUSTRALIA'S share market finished firmer yesterday, reversing course after a lower-than-expected April balance of payments deficit and remaining resilient in the face of generally negative news, brokers said. The All Ordinaries Index ended 3.7 points up at 1,483.4, its high for the day, on fairly thin volumes. "The market
        1,209 words
      • Article
        Untitled
        89 22 Close Previow Mijr 28 May 25 SYDNEY All Ordinaries Index 1,483 4 1,479.7 +3.7 All Industnals Index 2,314.0 2,308.3 +5.7 All Resources Index 850.0 847.8 2.2 Turnover (million) 63.43 85.60 -22.17 BANGKOK SET Index 983.07 976.83 +6.24 Turnover (nearest '000) 34,750 36,297 -1,547 JAKARTA Composite Index 640.13 647.37 -7.24 Turnover
        89 words
      • Article
        BANGKOK
        694 22 BANGKOK STOCKS rallied to a new record high yesterday with finance and construction issues leading the advance while banks lost ground on profit-taking. The composite SET Index gained 6.24 points to end at a record 983.07. A total of 34,750,389 shares worth 3,659.58 million baht was traded. Siam Cement
        694 words
      • Article
        MANILA
        466 22 MANILA share prices fell yesterday on growing market frustration over political killings in Manila and new accusations about a conspiracy to topple President Corazon Aquino, brokers said. The Manila Stock Exchange composite index closed 22.38 points lower at 881.23. The two bourses traded a total 875.1 million shares worth
        466 words
      • Article
        SEOUL
        862 22 SEOUL STOCKS drifted downwards in another quiet day yesterday as investors either sold or remained on the sidelines, brokers said. The composite stock index fell 5.51 points to 778.23. Volume was low at 95 billion won against 73.8 billion for the half-day on Saturday, with just 5.5 million shares
        862 words
      • Article
        Untitled
        338 22 la local carrrncy la SS la US$ day year day year day year May 2S Index change change chaagi ch»ag> jap dwme World 431.6 0.2 -7.2 0.4 -10.6 0.4 -8.1 |EAFE 605.6 0.4 -I I.I 1.0 -14.5 1.0 -12.0 Europe 443.1 -0.4 -1.7 -0.8 -1.4 -0.8 1.5 Pacific 1055.8 1.0
        338 words
      • Article
        JAKARTA
        411 22 PRICES on the Jakarta stock exchange, ended lower with the composite index down 7.24 points at 640.13 yesterday. Brokers said the market was generally quiet ahead of a government announcement on deregulation of the trading and manufacturing sectors, expected at 1200 GMT. Inco Indonesia was the most heavily traded
        411 words
      • Article
        Lock icon BOMBAY
        97 22 Reuter BOMBAY Stock Exchange share prices, shot up on heavy buying at the start of new account, propelling the exchange index to an all-time time yesterday. The index soared 23.0S points to 810.IS. The previous high was 805.86 on April 4. The national index rose 9.38 to 436.85. Brokers
        Reuter  -  97 words
      • Article
        Untitled
        545 22 Taipei T M«y» NTS 1st Sec Fund uAll Sincere Indus 105.50 '"hi Asia Cement 103.00 4J Cathay Construe 76.50 -5.5 Cathay Life Ins 813.00 -61 Chang Hwa Bank. 368.00 -78 Chen Shin Rubber 63.50 -4»5 Cheng Loong 41.90 -3.3 Chia Hsin Cement 68.50 -5 Chin Hsin Flour. 40.90 *3 China
        545 words
  • Page 22 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article, Illustration
      Lock icon Australia will not ease rates on the basis of April figures
      192 23 Reuter AUSTRALIAN monetary policy cannot be eased on the basis of the April current account data, acting Treasurer John Dawkins said in a statement. He said the April figures, showing an unadjusted defiqjt of A 51.02 billion against a
      Reuter  -  192 words
    • Article
      Lock icon Aussie budget off the mark
      107 23 Reuter AUSTRALIA'S current account budget forecast of AS 18.5 billion for the year to end-June 1990 cannot be rriet, Australian Industry, Technology and Commerce Minister John Button told parliament. Mr Button said the forecast "cannot be met" but declined to estimate the 1989/90 figure, which
      Reuter  -  107 words
    • Article
      Belgium expected to trim rates
      176 23 BELGIUM is likely to make a small cut in short-term interest rates today partly to bolster a plan to bind the franc more closely to the West German mark, foreign exchange dealers said. Dealers expected the Belgian National Bank would cut Treasury bill rates by
      176 words
    • Article
      US$ ends little changed in Asian markets
      443 23 FOREX MARKET REPORTS THE US dollar yesterday closed mixed and little changed in Asia's major foreign exchange markets after a day of lacklustre trade. This was mainly due to holidays in Hongkong, London and .New York. The greenback was little changed against the
      443 words
    • Article
      INTERBANK FOREX RATES
      390 23 Cross rates May 28 USS S$ MS Dm Yen SFr AS NZS USS 1.8470 2.6965 1.6800 149.40 0.5903 1.4215 1.3029 1.7406 SS 0.5414 1.4599 0.9096 0.8089 0.3196 0.7696 0.7054 0.9424 ■MS 0.3709 68.50 0.6230 0.5541 0.2189 0.5272 0.4832 0.6455 t>m 0.5952 1.0994 1.6051 88.93 0.3514 0.8461 0.7756
      390 words
    • Article
      MONEY MARKET
      558 23 Interbank rates SS Bid Offer Overnight 7/8 6 1-month 7 11/16 7 13/16 2-month 7 11/16 7 13/16 imonth 7 11/16 7 13/16 mode: 6-1/16 USS Bid Offer 7 days 8 1/8 8 1/4 I'month 8 3/16 8 5/16 2 months 8 1/4 8 3/8 3 months 8
      558 words
    • Article
      Lock icon Simex looks set to launch Dubai oil futures on June 21
      417 23 Reuter SINGAPORE has set June 21 as its launch date of Dubai oil futures the world's first sour crude oil futures contract, industry sources said. They said the date was set at a meeting last week of the Board
      Reuter  -  417 words
    • Article
      FINANCIAL FUTURES
      1461 23 SI EX Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.57 91.57 91.56 91.57 513 ***** 1381 Sep 90 91.SI 91.52 91.50 91.52 1759 ***** 5792 Dec 90 91.39 91.39 91.37 91.39 377 4106 1690 Mar 91 91.24 91.24 91.23 91.24 10 628 270 Jun 9
      1,461 words
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  • COMMODITIES
    • Article
      Lock icon Malaysian cocoa price rebound a relief to growers
      398 24 Reuter THE recent recovery in cocoa prices has given a muchneeded boost to Malaysia growers, who are starting to return to profitability after being pushed to the brink of financial ruin. Growers and industry analysts said they hope the price rebound will
      Reuter  -  398 words
    • Article
      Lock icon M'sia and Iran agree on more petroleum, palm oil deals
      300 24 Bernama MALAYSIA has agreed to buy more Iranian petroleum in return for getting Iranian assurances that it would consider importing more palm oil from Malaysia. The agreement was reached following negotiations between Petronas and the National Iranian Oil Company (NIOC)
      Bernama  -  300 words
    • Article
      Weak dollar saps strength of Tokyo gold futures
      820 24 REPORTS TOKYO: YEN-denominated gold futures closed two to 10 yen per gram down in slow trade, dealers said. The dollar's one-yen slide over the weekend pulled prices down at the opening. Prices moved in a confined range in later sessions, with major
      820 words
  • Article
    PRICES
    1311 24 Rubber May 28 Mi(»liM»( Scents/kg Noon Close Inl I RSSPrompt I57.2VI58.25N 156.75/157.75N Inl I RSS June 90 159 00/159.50 158 50/159.50 Int I RSS July 161 00/161 50 160 5C/I6I.OON Int 2 RSS OP 153.2S/155.25N 153 00/I55.00N Inl 3 RSS OP I47.75/I49.75N 147 50/149 SON Inl 4 RSS OP
    1,311 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      292 24 NOTICE THE AYER MOLEK RUBBER COMPANY BERHAO (Incorporated in Malaysia) NOTICE OF BOOK CLOSURE DATE OF INTERIM DIVIDEND AND BONUS ISSUE The Directors are pleased to announce that the shareholders has approved the Bonus Issue at the Extraordinary General Meeting held on 24 May 1990 The Bonus Issue of one
      292 words
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      Page 24 Advertisements Column 2
      15 24 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1013 25 C«y FNfJH ETA ritgM ETO AbttMuM GA893 1045 GA892 0110 GA974 2359 JMalaMt sq226 2035 UF82 2200 A»«tTi1*-» KL837 1430 GA892 0110 SQ23 1810 SQ24 2200 GA974 2359 ntfiini QF16 1 820 SQ24 2200 0A471 2205 TE25 1800 TE28 1920 SQ388 2200 Uinta QF5 2230 Bandar
      1,013 words
    • Article, Illustration
      The West Germans are coming
      604 25  -  LETTER FROM E GERMANY By Frederic Bichon THE nightmares of Mayor Renate Bobzin would be sweet dreams for most tour agents: everything is booked up in the seaside resort of Binz on the Baltic island of Ruegen until autumn. But Mrs Bobzin is bracing for
      604 words
    • Article
      MONEY CHANGER RATES
      153 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4110 1.4310 Canadian dollar 1.5460 1.5660 NZ dollar 1.0490 1.1090 Sterling pound 3.1160 3.1360 US dollar 1.8465 ***** Local dollars to 100 anils of foreign currency Austrian schilling 15.30 16.30
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      75 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Jun 1-4 International Italy E.A Fiera <39*2/***** Jun 7-13 International Fair West Dussddorfer (49)211/4560 Exhibition Internationale for Packaging Germany Messegesdlof Gift Arti Milano Machinery, schaft mbH ties. Fancy Packaging Nowea Goods MaM Matenals A Confectionery Jun 4-8
      75 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      43 25 T— Ihe bu*inc" person choicc everv lucmljv. f f T lhurMl.i\.Vituril.i\ jndSundi). luting! lungi I I II \irport .it hour* and arriving .it I ugan 1 J l W M International \irport the following da\. A I!i;i. Mil <)K Fki-.sii An: (J ammmm
      43 words
    • Advertisement
      Page 25 Advertisements Column 2
      207 25 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
      207 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      172 25 10 Drink to understood (5) (2 Show emotion as we 15 Trustworthy teacher of 1 1— 16 Choose a weapon, albeit 27 Forecast for fish (4) 28 Neat occupation (7) DOWN meat eaters? (9,5) iitiaw 1 Sounds like a Cockney 13 &14 Used by the Chancel- YESTERDAY S SOLUTION greeting,
      172 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      214 25 Singapore Outlook: Fair except for showers over a few areas in the morning. Report: Max temp 34.6* C Assoc humidity 61% Min temp 21.CTC Assoc humidity 92% Hrs of sunshine 9.55 Rainfall in mm Nil Rainfall this mth 175.2 Rainy days this mth 10 World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      214 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      23 25 (not TQPP»N rve. GOT TO Pjt some Tme IMOJ f) IsfiAGQtsKS y -8— u r^ I EVENING STANDARD CO. LTD., IM2-1990 q ®179
      23 words
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  • Article
    Lock icon Squabbles may cost Philippine giant petrochem project
    363 26 MBT A POLITICAL brouhaha in Manila over a US$32O- petrochemical project may force its Taiwanese financiers to shift altogether to Malaysia, sources say. China General Plastics Corp (CGPC) has already dropped out, leaving its partner, USI Far East Corp, to pursue the project.
    MBT  -  363 words
  • Article
    Lock icon Bonn rejects Soviet plan on Nato membership
    197 26 Reuter WEST GERMANY has rejected a Soviet proposal that a united Germany could be a political Nato member outside the militap' command, but said the idea showed Moscow was moving in the right direction. "I do not see this as the solution we
    Reuter  -  197 words
  • Article
    Lock icon Three Japanese steel firms cutting jobs
    104 26 Reuter THREE MAJOR Japanese steel firms yesterday said they would cut a total of 6,100 jobs over the next 10 months as part of efforts to make themselves more competitive in global markets. Company spokesmen said Nippon Steel would shed up to 3,000 jobs,
    Reuter  -  104 words
  • Article
    Manila GSP exports to breach US$1b
    251 26  -  From Al O Labita Jr in MANILA SINGAPORE'S delisting from the US Generalised System of Preferences (GSP) has buoyed the Philippines' chances of increasing its exports to the US. At a press conference yesterday, Trade and Industry Secretary Jose Concepcion said Philippine exports to
    251 words
  • Article, Illustration
    Hold the past in your hands
    39 26 Turning the pages of history Former Deputy Prime Minister Dr Toh Chin Chye launching the book that celebrates Singapore's 25 years of independence, yesterday. Singapore: Island, City, State cost $1.2 million to complete.
    39 words
  • Article
    Lock icon Widespread labour violations in NY
    190 26 AP CHILDREN are working gruelling shifts for below minimum wage in New York's garment industry in numbers unseen since the turn of the century, according to the Daily News newspaper. "The situation is out of control and beyond the reach of regulation," said a labour
    AP  -  190 words
  • Article, Illustration
    Asia short of the right stuff in the right place
    629 26  -  The Bottom Line MICHAEL MORRIS MICHAEL MORRIS Singapore-based Michael Morris is managing director of The Pacific Rim Consulting Group. FROM NOW to the year 2000. the engines of economic growth in the Pacific Rim Japan, Korea, Taiwan, Hongkong, the Asean
    629 words
  • Article
    Lock icon Pakistan raising nuke profile
    225 26 Reuter AN INDIAN defence expert says Pakistan is raising its nuclear profile to be able to hold out a credible threat to India in case the two countries go to war over Kashmir. Retired Air Commodore Jasjit Singh commented yesterday on a London newspaper report which
    Reuter  -  225 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      113 26 noupHiN 1 hHI For the life of your back Dauphin (SEA) Pte Lid S I I Tel: *****00 I I < IA S**H*ur)fffnmM-W Omfkm Ombh*Ca.) I CHRISTIAN SCIENCE LECTURE I We cordially invite you and your friends I to a free lecture titled I HARMONY IS NOT A MIRACLE, I
      113 words
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      Page 26 Advertisements Column 2
      27 26 S^uooune 'Stfce/Showroom 321 Orchard Road *0* 04 Orchard Shopping Centre Singapore 0923 Tel 236 4824/5 Telex RS ***** S-LINE Fa* 733 4608 Sole Agent Singapore Malaysia Indonesia
      27 words
    • Advertisement
      Page 26 Advertisements Column 3
      311 26 r |f~- DCIUpHIN Vgj| or the life of your bock Dauphin (SEA) Pi* Ltd m Tel: *****00 JBB NANYANG TECHNOLOGICAL INSTITUTE Wjjk (To be reconstituted and renamed the Nanyang Technological University in 1991) fflll Seminar Workshop Committee sB CONSOLIDATION SETTLEMENT IN CLAY COURSE OBJECTIVE To introduce to the participants a
      311 words
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  • Shipping Times
    • Article
      Jakarta to announce new transport tariffs soon
      401 27 THE INDONESIAN government will soon announce new tariffs for air, sea and land transportation following the 15.27 per cent average increase in fuel prices last Friday, said Transport Minister Azwar Anas. According to the Jakarta Post, Mr Anas was quoted by Suara Pembaruan,
      401 words
    • Article, Illustration
      Port Klang defends timber charges
      335 27  -  By Othman Abu Bakar THE PORT Klang Authority (KPA) has defended its charges of MslB per tonne for timber exports, saying that the figure was arrived at after taking into account the total throughput cost of the commodity and the elements of trade. The defence
      335 words
    • Article
      Lock icon NZCC denies OTC initial approval to buy Telecom
      284 27 Reuter THE NEW ZEALAND Commerce Commission said it had declined initial antitrust clearance for Australian company OTC Ltd to acquire the issued share capital of Telecom Corp of New Zealand Ltd. Commission chairwoman Susan Lojkine said in a statement the commission had
      Reuter  -  284 words
    • Article
      Cabinet approves THAI's long-term expansion plan
      424 27 THAI AIRWAYS International's long-term development plan for 1991 to 1995, which includes buying 18 aircraft and increasing its registered capital by 3,000 million baht, has been approved by the Thai cabinet. While approving the purchase of the 18 new aircraft, the cabinet had ordered
      424 words
    • Article
      S'pore, Taiwan to be linked by optical fibre
      299 27  -  By Rahita Elias SINGAPORE is to be linked to Taiwan via optical fibre submarine cable circuits, said Mr Wong Hung Khim, Singapore Telecom president and chief executive officer. At yesterday's official launching of the SingaporeTaiwan videoconference service, Mr Wong said: "The prospects
      299 words
    • Article
      Bengal Tiger seeking to wind up Baltic Orient
      269 27  -  By Dexter Lee HAMBURG-BASED common feeder operator Bengal Tiger Line is seeking to wind up locally-incorporated shipping agent Baltic Orient Shipping after a failed attempt to reschedule payment of debts of over USS2SO,OCX). The two parties agreed on March 14 to settle
      269 words
    • Article
      Indian strike brings chaos
      121 27 THE INDIAN telecommunication engineers strike dragged into its fifth day on Sunday disrupting telex and phone facilities nationwide and throwing plane and rail bookings into chaos. National television on Sunday night broadcast a government charge that the striking engineers had sabotaged equipment, a charge the unions
      121 words
    • NEWS SUMMARY
      • Article
        A digital success
        44 27 SOUTH KOREA is now the 10th country in the world to develop the digital switching telecommunications system succesfully. The country has now launched an aggressive export drive to sell these systems to countries in Asia, Africa and East Europe Page 2
        44 words
      • Article
        Walesa intervenes to end railroad strike
        35 27 SOLIDARITY leader Lech Walesa used his personal diplomacy during a second middle-of-the night session to win suspension of a crippling railroad strike on Monday, state media reported Back Page
        35 words
      • Article
        Kowloon Canton suffers drop in profits
        50 27 HONGKONG'S Kowloon Canton Railway Corp (KCRC) suffered a 12 per cent drop in profits to HKS2BS million last year from HKS32S million in 1988, after depreciation and interest, despite the first full year of contribution from the Light Rail Transit (LRT) system Back Page
        50 words
      • Article
        Liner runs aground but the party goes on
        41 27 A LUXURY liner with 1,360 people aboard lost power and ran aground on Sunday, but instead of triggering panic, it was a chance to "party hardy a little longer," passengers said Back Page
        41 words
      • Article
        Danube strike paralyses shipping
        34 27 MORE than 10,000 shipping and port workers paralysed shipping on the lower Danube River for a fifth day on Sunday, and two attempts at starting a dialogue failed Back Pi^e
        34 words
    • LOG BOOK
      • Article
        Volvo Flygmotor to hire more workers
        87 28 VOLVO FLYGMOTOR. the aviation unit of Sweden's giant Volvo Group, wants to hire 150 workers at once for its Trollhaettan factory, north of Gothenburg, following agreements on engine maintenance with Thai Airways, an economic source said on Saturday. In addition, Volvo Flygmotor plans to
        87 words
      • Article
        Linking reservation systems
        68 28 ALL NIPPON AIRWAYS CO LTD (ANA) and two US airlines will link their computerised reservation systems, an ANA spokesman said. The airlines are Northwest Airlines Inc, a unit of NWA Inc, and Trans World Airlines Inc ANA has already signed similar contracts with British Airways pic, Singapore
        68 words
      • Article
        Nippon Idou deal for Motorola
        90 28 MOTOROLA INC SAID IT was chosen to supply Nippon Idou Tsushin Co with its new Narrow-band Total Access Communications System cellular system. Motorola will ultimately serve all of Japan, since Daini-Denden Inc previously adopted Motorola Total Access Communications System as their cellular system. Motorola's understanding
        90 words
      • Article
        Northwest Airlines cuts prices
        54 28 NWA INC's Northwest Airlines has reduced prices by US$4O to US$6O and will charge US$l5B roundtnp for flights within the US whose one-way distance is up to 499 miles. Northwest said its price reductions continue a round of summer discounting begun last week when the major
        54 words
      • Article
        Southwestern is AT&T's choice
        47 28 AMERICAN TELEPHONE AND TELEGRAPH CO said it chose Southwestern Bell Telephone's all digital access network for service in the Houston metropolitan area. Southwestern's self-healing transport network will connect AT&T's long-distance facilities with selected Southwestern Bell Telephone Houston-area central office hubs, called access nodes.
        47 words
      • Article
        Bid to save Chinese vessel
        106 28 TWO SHIPS WERE RACING across the Indian ocean on Sunday in a bid to save a Chinese iron ore carrier from sinking 3,200 km south-west of Perth, officials said. The 38 crewmen on the Tao Yuan Hai were rescued on Saturday after a three-day battle
        106 words
    • Article
      Digital success in S Korea
      1165 28 South Korea is now the 10th country in the world to develop the digital switching telecommunications system successfully. The country has launched an aggressive export drive to sell these systems to countries in Asia, Africa and East Europe. Korea Newsreview relates South Korea's success story
      1,165 words
    • Article
      TRANSPORT DIARY
      740 28 Feb 7-Jnn 6: Sea Transport covers transport geography, liner and tramp shipping, conducted by the Singapore Freight Forwarders Association. The Manager, SFFA, 7500 A Beach Road, #13-314 The Plaza, tel no: *****45 (for members only). May 16-Jun 1: PSA/SFFA Dangerous Goods Course, conducted by the Singapore Freight Forwarders
      740 words
    • Article
      THE SHIPPING GUIDE
      12671 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,671 words
    • Article
      SHIPPING AGENTS
      3342 41 Containerline NV: Belsin Shpg Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Shpg: Accord Shpg Pte Ltd (SyAccord Contr Line (M) Sdn Bhd (PKyAccord Contr Line (PG) Sdn Bhd (PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Uner Service: Kim Shpg Trdg (S).
      3,342 words
    • Article
      COURIER SERVICES
      211 41 Abacus Couriers Td: 545-8011.448-6415. Ak Express Service Td: 533-5771. Fax: *****44 Airborne Freight Corporation Td: 542-8844 Fax: *****16, *****80. City-link International Td: 344-3377. Fax: *****50. Cluster link Supplies A Services Td: 296-5720. DHL International Td: 344-8911 .Fax: *****61. DPE Courier Td: 284-6611 (7 lines). Fax: *****88. Emery Worldwide
      211 words
    • Article
      AIR FORWARDERS
      1476 41 Abex Express Freight Td: 542-7171. Fax: *****84. Actiaic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerolink KG Freight International Td: 545-5992. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666 Fax: *****74, *****50. Air Market
      1,476 words
    • Article
      PORT CONDITIONS
      2437 42 AUSTRALIA South Australia-Adelaide: Two vessels inport of which one loading bulk pelkts, one loading bulk wheat. Ardrossan: One vessel loading bulk barley. Port Lincoln: One vessel discharging bulk phosphate. Thevenard: One vessel loading bulk barley. Western Australia-Albany: No vessels inport, one general due. Baabury: One alumina vessel in
      2,437 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      537 42 SHIP SALES TANKER RATES Reuters, AFP VESSELS SOLD FOR FURTHER TRADING Bulk carrier Trentwood: 129,480 dwt and built in 1972, sold for U5510.75 million. Fennita and Tamarita: both of 29,168 dwt and built in 1976, reported to have been sold to a Norwegian buyer at about US$7.l million each. Amfeeas
      Reuters,; AFP  -  537 words
    • Article
      AIR FREIGHT SCHEDULE
      514 42 ARRIVALS Op Flight Type ETA From TODAY KAL KE697 B747F 0155 SEL NCA KZ205 B747F 0215 NRT JAL JL617 B747F 0345 TYO CLX CV796 B747F 2359 LUX/DXB/HKG TOMORROW AZA AZ995 B70F 0235 SYD CAL CI333 B747F 0315 TPE SIA SQ801 B747F 0410 AKL THURSDAY KAL KE697 B747F
      514 words
    • Article
      CRUISE & FERRY SCHEDULES
      425 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA ETD Port Agrat Ports of Calls JUNE 05 05 06 06 07 07 08 08 09 09 10 II 26 01 Occan Pearl Andaman Princess Andaman Princess Andaman Princess Andaman Princess Andaman Princess New Utopia 0700 0800 1300 1300
      425 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        477 43 to* toy Ho Bvtfi An* at Oapartire Kmmm4 Wharves Gold Asa 6W K17 alongside 28.05/2300 Kota Mam E-853 K32 alongside 2905/1500 Lampung ***** K33 alongside 2805/1900 Mmfu 1/90 K31 alongside 2905/1500 N* Qwkaso Q7/90W K15 alongside 29 05/1500 Santiago D E 31# K29 alongside 29.05/0600 Saudi Riyadh
        477 words
      • Article
        CONTAINER SCHEDULE
        1516 43 RECEIVING OF EXPORT Fa CONTAINERS AND LCI CARGO Traretaner SdwiUn Sh|p Voy No Vr Date Time From To Booka* Gate Bh Op Gdn M Waiba 52A 30.05.90 0700 29/1200 29/1259 Portnet 2 Q7 00 F05 29/2130 29/2229 Doc Rm 2 j An Fremantte ***** 31.05.90 0800 29/1200 29/1359
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        IN MALAYSIAN PORTS
        300 43 Pft King South Port Bow Partner berth I; Captain Michaiis berth 3; Mercury Pear) berth 4; Ber)asa berth 7A. KCT: Bunga Butang berth 8; Ned Rochester berth 9; Thana Bhum berth 9; Alaska Maru berth 10; Singapore Glory berth 10. Ngrih Port Bangluang berth 12; No 8
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      DAILY FREIGHTS
      938 43 THE DRY cargo freight market was quiet on Friday ahead of the holiday weekend and brokers said there was a general feeling that the traditional quiet summer period was beginning Details of two time-charter fixtures emerged on trans-Atlantic round voyages, which appeared to confirm the slight softening of
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      Lock icon Solidarity leader intervenes to suspend railroad strike
      449 44 AP SOLIDARITY leader Lech Walesa used his personal diplomacy during a second middle-of-the night session to win suspension of a crippling railroad strike on Monday, state media reported. A week of labour strife had crippled freight and passenger service across northwest Poland, and
      AP  -  449 words
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      Lock icon Cruise liner runs aground but the party rages on
      221 44 AP A LUXURY liner with 1,360 people aboard lost power and ran aground on Sunday, but instead of triggering panic, it was a chance to "party hardy a little longer," passengers said. Nobody was in danger, the Coast Guard reported, and
      AP  -  221 words
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      Fall of 12pc in profits of HK railway company
      319 44 HONGKONG'S KOWLOON Canton Railway Corp (KCRC) suffered a 12 per cent drop in profits to HKS2BS million last year from HK.5325 million in 1988, after depreciation and interest, despite the first full year of contribution from the Light Rail Transit (LRT)
      319 words
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      Lock icon Workers continue Danube strike
      145 44 AP MORE THAN 10,000 shipping and port workers paralysed shipping on the lower Danube River for a fifth day on Sunday, and two attempts at starting a dialogue failed, the state news agency Rompres reported. The strike against the shipping company Navrom is affecting economic activity
      AP  -  145 words
    • Article
      Increase in cargo handled at Madras port
      296 44  -  From Shirish Nadkarni IN BOMBAY THE MADRAS Port Trust (MPT) handled some 23.94 million tonnes of cargo for the year ended March 1990, up 0.3 per cent over last year. The port handled 14.10 million tonnes of imports and 9.84 million tonnes of
      296 words
  • Page 27 Advertisements
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      332 27 SSWEE HENG METAL CO PTE LTD 11. TUA3 AVE 14. SINGAPORE 23U TELEX RS2M7I SWMCP*. TEL: 861 5M5 <5 TELEFAX: MI 2M* ltW tartj «■*»«> IHTT73 |Lll|n Bn^!o cShftanflan«nd swt. HTStET eIhT TnK Cmrmm> >*>«i p—— Trurtu lr AMO CXIT r»r*»i r«pw BtVTISH OCSKSN WHOVATKX GERMAN QUALITY EHGJNEEWNO Nedlloyd W
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      53 27 A* Forwarder* 15 A* FrajM Schedule 16 Contaner Schedule 17 Courier Services 15 Ouee Fmy schedules 16 Defy Fretfrts 17 Index to Advertisers 3 Port Condrtions 16 Shppng Agents 15 Shwmdory 2 Shppmg Guide 10,11 Shpsaies/Tanker Rates 16 Slaps m Port 17 Singapore Tides 17 Transport diary 2 Weather and
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      128 28 fgj v 'SB^M^ NLS Is Going Ybur Way. As one of the biggest, most experienced liner operators in the business, Nippon Liner System is moving the goods and materials the world needs every minute of sjJ> 1 f-r J^ >r ..\Q» every day. When our worldwide fleet isn't moving containers
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      101 28 EAST EUROPE Will gmgglßß ON THE 2ND OF JULY 16 MILLION PEOPLES WILL GET MILLIARDS OF WEST GERMAN CURRENCY BUT NOT ONLY EAST GERMANY ALSO THE EAST EUROPEAN COUNTRIES WILL BE THE MOST IMPORTANT MARKET FAR EAST PRODUCTS IN THE NEAR FUTURE WE OFFER TO YOU OUR FACILITIES IN FIAMBURG
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      2178 29 200 Cantonment Road #12 05 Souttipoint, Singapore 0208 millWW Tet *****11 TELEX NO RS ***** WIIIIIW TERMINALCFS Tel *****18 220 w DQOCQ f I BOOKINGS T«I *****34 23s pesaka jardine shipping agencies son. wo. MWM PORT KELANG TEL: *****18 TELEX it: ■■gnisi PENANG TEL *****4 TELEX NO MA4CO73 CFS TEL
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      912 29 INDEX Page Col Page Col lAI I M I ABC Containerlinc 13 5 Mac-Nels Agencies 14 1/2 Accord Shpg 8 3-5 Macoline 14 1/2 Albatros Sea-Air 14 5 •MaerskLinc 3 4/5 APC Line 14 4 »MISC 14 1-3 APL 5 3-5 M'sia Shpg Corp 9 1/2 Arrow Lines 9 5
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      2162 29 VMM) Voy ETA I ETO "Port 'P«n«ng DESTINATIONS Singapore Kelang Thu «h> MatMtic M mm FMIV by qy 040Q hrs Firco HH IHi CFS laoo HRS M Tauro OAK LOB HOU MEM ATL MIA CMS BAL PHL NYC MOW TOfl LAURA M 9006 In PI 3<V5 Hd fsid 16/6 \&X>
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      1150 30 o ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE TOKtO EXPRESS 93/562 31/5 26/6 19/6 22/6 18/6 25/6 STAR LORRAINE 01/566 6/6 1/7 5/7 3/7 HAMBURG EXPRESS 96/565 7/6 2/7 26/6 29/6 25/6 1/7 ALASKA MARU 11/569 8/6 27/6 29/6 1/7 2/7 4/7 KOWLOON BAY
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      540 30 SOUTH PACIFIC SERVICE SIN POM SUV PPT ISLA FLOREANA 4/6 11/6 21/6 28/6 DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 4/6 11/7 15/7 12/7 Also accepting Cargo to Callao (Peru) via Valpa AMfltß- (sfsHIAMn SINGAPORE: *****56 Jfr-JIAX/ BOOKINGS; *****08 VS. JAYA: 03-*****25 JOHORE: 07-*****2 PENANG: 04-*****7 NORTHBOUND TO
      540 words
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      1472 30 Ql ataawA sjam REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN CLM ALG BCL FEL HAM BRE ROT ANT LHA (VIA (VIA (VIA AL6) HAM) SOT) NORASIA PEARL 9013-3 01/06 05/06 23/06 25/06 27/06 29/06 30/06 01/07 02/07 03/07 NORASIA PRINCESS 9014-3 09/06 13/06 30 06 02/07 04/07
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      1613 31 snipping limes, tuesany ra».y C 9 im Steamers Maritime Holdings Ltd n& s K wSk Containers accepts due sails Voy No PKlang Spore S ton M'burf B Itavtnß dam La* TOKIO EXPRESS «3/%2 AIA »S 31,05 2MK WW 2WS IWS 2W LANWJ S LOftRAiNC Olv*t S*liTA<aMM* 01(07 OSm 03/07 STRAITS
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      Page 31 Advertisements Column 2
      1643 31 TO: EUROPE TO: FAR EAST SP IH ROM HAM BHVN FU SPO E MK B f U HANJIN OAKLAND OOIW 3/1 21/* S|i OK M M HANJIN TONGHAE 073E 4/6 7£ W UJ U# CHOYANC SUCCESS 00M 1M 4/7 5/7 *P W W HANJIN ROTTERDAM OOK 11* W W 1W
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      26 31 REGULAR SERVICE TO KARACHI S PORE LOADING FOR TBN 14/6 KARACHI Aom* MEBHM N.T.Y. TRANSPORTATION 00. PTE) LID. Tat 22M8 Tbc RS 2MII fwc. ***** M
      26 words
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      354 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL AMBALIKA CHAMPION TANJUNG ASEAN TRAOER EMAS TRADER VOY. NO. 55 9 8 2 Spore 30/5 3/6 2/6 5/6 P. Kelang 2/6 1/6 5/6 7/6 Penang Hong Kong Yokohama 30/6 Nagoya 25/6 29/6 23/6 Osaka 17/6 Senboku 15/6 25/6 Kashima Funabashi
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      695 32 lIMIITI DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD FT. SESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE VS. A,OY S PORE R OAM/ H BURG BREMEN ANTWERP ADAM BAAB UUAH/22W8 IN PORT Vft 10 LJ. 80NTAN&21WB »7 W W M SRIWIJAYA/V2WB 10-13/7
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      Page 32 Advertisements Column 2
      803 32 HANJIN SHIPPING I yy FULL CONTAINER SERVICE HANJIN OAKLAND 00* Pffl IT gT" ST HMJIJIN TOMC HA£ I7X ITmSiIU «cfc 1,7 5/7 |R g jE HANJIN ROTTERDAM OOtt 11/6 H POMANC 100E ttl «/7 CHOYANG SUCCESS 00§W I IW I runviNr currcct run iii u kunsAN QS3C 15/7 HANJIN HAMBURG
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      Page 32 Advertisements Column 3
      1544 32 I. SCP HKC RSC KIC PUS MKT OSK TYO BAL LHV ANW ROM FLX HBC Stf I ever globe 21/s n/s m *h w 11* im i» im w on an op vn im EVER GUARD 4/4 VI 13/4 11/4 15/4 14/4 22/4 »)4 21/7 1/1 2A 3/4 W M
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      Page 33 Advertisements Column 1
      1922 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE *****19 mi AUST/INDIA/PAK SERVICE *****18 USA SERVICE *****16 FAR EAST SERVICE *****48 DOCUMENTATION: *****44/*****14 TERMINAL: *****22 CFS: M 2 IMPORT: *****69/*****50 NEPLINE SDN BHD MALAYSIA EXPORT: *****53/*****04 K.L.-*****33, P.Kelang-*****37, Penang-*****0, J.Bahru-*****3, *****4 PHPUTVSIuVO* PKN PKG 9CJP MOTHER
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      Page 33 Advertisements Column 2
      1170 33 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE ITO BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 I DISCHARGING HOD E*ST«OUHO LOADING FOB WtSTBOUKD VESSELS VOTAg gyptt |>UHIU> HKOWt" ¥OYA« SFO*t WOAIK H»U»C SHAVEM TIUUITT ROTT mTTK»f T. KISELEV un Ste SW
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      1092 34 laiiUlli VOY *INDO "PK/PNG SGP LB CHLS NFK NYC HFX OOCL FAIR 28/5 29/5 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 18/7 OOCL FREEDOM 31 11/6 12/6 14/6 7/7 17/7 19/7 21/7 25/7 OOCL FAITH 20 18/6 19/6 21/6 14/7 24/7
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      Page 34 Advertisements Column 2
      534 34 I WE ARE PLEASED TO ANNOUNCE THE OFFICIAL OPENING OF OUR LOS ANGELES OFFICE ON 20 MAY 1000 ACCORD CONTAINER LINE (USA) INC., OCEAN CENTER BUILDING, 110 WEST, OCEAN BOULEVARD, SUITE 348 LONG BEACH, CA *****, U.S.A. TEL: 213-*****10 (4 LINES) FAX: 213-*****40 PERSON M CHARGE: MR. BRYAN LB AUSTRALIA
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      Page 34 Advertisements Column 3
      378 34 Continental Pacific Shipping r J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR ARBEIA Sid In Pt 31/5 SETE/ROM/ANT/FIU/UK MARYLI 31/5 3/6 RDM/ANT/FLU/UK CRYSTAL B »'6 SCTE/ROM/ANT/FLU/UK Loads Sabah Indonesia MULTIPORT AGENCIES (S) /0\ PTE. LTD. V TEL: *****77 FAX: *****31 f P.K. MULTIPORT SON BHD TEL:
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      Page 34 Advertisements Column 4
      552 34 ft t GOLDEN LINE GUAN GUAN SHIPPING \JS£<V (PTE) LTD 23, Telok Aver Street SINGAPORE 0104 1 TEL: ***** M (10 LINES) Fax: *****04 (CR No. lOiaSSOOOOW) STRAITS/PERSIAN GULF SERVICE S pore P. Mam Penani COLD£N HARVEST Cotomtn/toracfc/Out* 19/12 jun* GOLDEN WONDER Cotombo/KaradN/Oubai 14/ X June CHINA lUVKI YU QINC
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      Page 35 Advertisements Column 1
      1555 35 aiuppuig i lines, tut-suay may ijw PACIFIC INTERNATIONAL LINES (PTE) LTD JfPIL Building, 140 Cecil Street /WXHX). Singapore 0106. VESSEL VOY SIN JKT SIM VESSEL VOV SIN BKK SIN EDEN 9015 JO/5 7l* 6/6 PEGASUS PIONEER S3N M/ 9 1/6 S/6 DELTA MAS 1579 3/6 sl* 10/6 HAI HUI 7»N
      1,555 words
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      Page 35 Advertisements Column 2
      1253 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT ESSEL [VOY SPORE P KLANG SHAMPTON HAMBURG BHAVEN R'DAM L'HAVRE okio Express' 93/562 31/5 Via Lan 24/6 19/6 21/6 18/6 24/6 tar Lorraine 01/566 6/6 Via Ala
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      Page 35 Advertisements Column 3
      295 35 MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Kelang Pen Bkok PINYA Vllo* 29 MAY/l JUN MYOMAYWA VI2BW 4/6 JUN 2/3 JUN 31 MAY/1 JUN HPA-AN VISOW 2/6 JUN PATHEIN VIO2W 22/29 MAY 30/31 MAY PAGAN VIS7W 1/12 JUN MERGUI V99W U/14 JUN •OtSCH ONLY THE
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      749 38 r HLj|^ INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO UNITED KINGDOM NORTH CONTINENT EUROPE j OUTBOUND SIN FIX BRE ROM ANT HBG RST AMERICAN SIN WFOlt In Pt 21/S 221% 231% 2i1% 2*1% 0. GROTEWOHI 4flo M 30* 30# 2p S/7 TAIWAN SEN WFOI9 \ll% S/7 it? 7/7 1/7
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      Page 38 Advertisements Column 2
      1168 38 UKC CONVPmONAlWm^^^^^ Mnhl PMjfPIIC PC Ludinj for A VESSEL 20# Rotter***/ Antwerp CHINA rutt COWTAPnai MMVICK Vessel PKL PNG SPORE BKK HKG SHA QIN LYG SHANG CHENG 121 21/5 23/5 27/5 4# M YANG FANG KOU 129 31/5 29/5 4# 12# 16# 20# Accepting FCL Cargo for all other Chinese
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      Page 38 Advertisements Column 3
      405 38 SPOIIt Ma PNCHM INC BSD SINGAPORE GLORY ¥005 1 Jwn 21 Mj, n «i, t jun II jun 12 jun BUSAN GLORY VOO5 I J„n 31 KU, 10 Jun 12 Jun MALAYSIA GLORY VOOi i Jun 4 Jun S Jun 14 Jim li Jim OCEAN CROWN VOO2 It Jun 12
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      Page 38 Advertisements Column 4
      567 38 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA EXCLUSIVE ROUTES ACCEPT TO FROM INLAND DESTINATIONS CAPITALS IAFGHANISTAN I: Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, etc I IRAN I:Diulfa. Astara ETD SINGAPORE :31/5, 5/6, 10/6 17/6, 19/6, 2/7 EUROPE 1:To all inland points: Poland, Bulgaria, Czech, Hungary, Romania USSR, Finland OTHER
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      Page 38 Advertisements Column 5
      565 38 msmmmmm ■I 4CI [♦]ffj rlFiiltNiHlilSKm ASEAN PORTS Ngow Hock Agency Co Ltd BKK (Tel: *****80^> Iwsa W WMMMt MAMA BHUM 11N Wad 30/5 S»t g» MtKHANIK KURAKO UN Wed 30/5 Sit 2/6 SIRI BHUM 4gg Fri 1/6 Moo 4/6 PIYA BHUM 227N Sun 3/6 Wed 6/6 MAHA BHUM 1?N Wed
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      1099 39 EXPRESS FEEDER SERVICE (Fully Containerised) VESSEL SIN CTG A VSL 2/6 8/6 A VSL 6/6 12/6 A VSL 13/6 19/6 (Conventional Service) ETA S'PORE LOADING FOR BANGLAR MAYA 12/6 S. KOREA, JAPAN FAR EAST/MEDITERRANEAN SERVICE ETA S'PORE LOADING FOR BEL ABBES 29/5 Algier/Oran/Annaba/Skikda ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE
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      Page 39 Advertisements Column 2
      189 39 STRICHFIELD MARINE AGENCIES (S) PTE LTD IS TEL: *****33 (12 Lines) m FAX: *****15/*****03 [tSj TELEX: RS ***** RISHIP (3 Lines) lf<r\ ETHIOPIAN SHIPPING LINES y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA LOAOtNG FOR SPORE ANOINET 19WB in Port DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
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      Page 39 Advertisements Column 3
      640 39 tafc.P T. MASKAPAI PELAYARAN P»pulau LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG r AND. BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN
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      Page 39 Advertisements Column 4
      592 39 Una BAY OF BENGAL SERVICES MADRAS CALCUTTA VESSELS/VOY SIM MAA SIM LEUVE 9125 10/6 14/6 25/6 LEUVE 9126 25/6 29/6 11/7 LEUVE 9127 11/7 15/7 2»/7 LEUVE 9128 2«/7 01/8 12/8 I VESSELS/VOY SIN CCU SIN JORGEN VESTA 03N90 07/6 14/6 21/6 JORGEN VESTA 04N90 21/6 28/6 05/7 JORGEN VESTA
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      Page 39 Advertisements Column 5
      331 39 WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: M.V.' TNT express" V 249 ETA 10/6/90 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANADA/EUROPE/MEDITERRANEAN V*l Hf» Fli Ham Ant rot/Mar Liv Sport TNT EXPttSS 30/4 11 IS 13/5 8/5
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      Page 40 Advertisements Column 1
      1335 40 r»ge H MAC-NELS SINGAPORE I EXPOBT TEL: Z*****2 MPMT TEL: *****02~j TEL: (04) *****6 |KK TEL (088) *****0 TAWAU TEL: (089) *****9 KELANG TEL: (03) *****771 KUCHING TEL (082) *****3 SKAN TEL: (089) *****2 Uri\rA~ ~~\V BAHRU TEL: (07) *****2 I S IBU TEL (084) *****2 LABUAN TEL: (08/) *****9
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      Page 40 Advertisements Column 2
      399 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON. BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIV AUCK LYT MAHSURI 0574 I Jun 19 Jun Via NPI 21 Jun
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      Page 40 Advertisements Column 3
      944 40 /3EI THONG SOON LINES PTE. LTD. 1 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL VOT fTO OEST VESSEL VIT ETI KCT KIM SOON LI 22/90E 2 JUN PENANG JENHOL 6/90E 1
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  • Page 43 Miscellaneous
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      431 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 MOO 0500 0(00 0700 *****900 *************************600 *****1001S00 2000 2100 2200 2300 JR 26 11 3.3 3.1 2.7 2.1 1.5 1.0 0.6 0.4 0.4 06 1.0 1.6 2.0 22 U 2.1 1.1 1.4 12 12 L 3 16
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      Page 44 Advertisements Column 1
      259 44 ICHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -CTO- SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANQ SHALAMAR 13-15/5/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 2-5/5 6-8/5
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      Page 44 Advertisements Column 2
      351 44 MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKG SIN LALANDIA 32E 01/06 07)06 25/06 28/06 01/07 HYUNDAI COMMANDER 16W 30/04 03/05 06/05 2405 31/05 HYUNDAI CHALLENCER 34E 08/06 14/06 02/07 05/07 0807 HYUNOAI PIONEER 31W
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      Page 44 Advertisements Column 3
      5 44 EXECUTIVE 11 JOBS 1 v
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      481 44 ICHARTPOINT Every Saturday in Business Times If-frr fr- jvn \pmmL I*, mlux |oak |hou |mi |om/ imaim |«c QUR USA •UNUMMUNINC vST~ ~ST ALLICATO* CLO«Y *B» B*~ M~ M~ M~ VH IVi_ SERVICE CALLS •UNCA KOUNINC TUT 2* AUICATO« WCTMY V IMP 11* QINGAPORE iUScnSSIS-7i5 "5T allwatq. how v-aai n*
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