The Business Times, 3 May 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, MAY 3, 1988 75 CENTS
    11 words
  • 311 1 AP Dow turns lower THE US stock market hovered within a narrow range yesterday morning, resuming its sluggish pattern of late last week The Dow Jones average edged up 1.66 in the first half hour of trading, but then dropped back to show a 4.48- point decline
    AP  -  311 words
  • 609 1  -  Strong yen brings change in staffing strategy By JOHN TAN JAPANESE manufacturing companies. long criticised for their unwillingness to use local employees in top managerial posts, are now turning to more and more Singaporeans. Forced by the high yen to localise as
    609 words
  • 101 1 AFP BRITISH PRESS MAGNATE Robert Maxwell has called for action to protect European television channels from their rivals in the United States, saying he is prepared to invest US$35O million into the French audiovisual and press industries. Mr Maxwell told a press conference
    AFP  -  101 words
  • 364 1  -  By GENEVIEVE CUA MUSHROOM-GROWING techniques developed by a Singapore company will soon be exported to New Zealand. Everbloom Biotechnology, a local mushroom-growing company, has entered into a $3.4million joint venture with New Zealand's largest investment banking group to grow black Chinese Shiitake
    364 words
  • 122 1 Reuter SRI LANKA, beset by bad weather and a violent campaign by guerillas fighting for a separate Tamil state, last year recorded its lowest economic growth in 16 years. The Sri Lankan central bank said in its 1987 annual report yesterday that the country's gross
    Reuter  -  122 words
  • 110 1 MBT THE TEXTILE INDUSTRY in Malaysia turned in a credible performance last year. It earned M 52.28 billion in foreign exchange, up 34 per cent from 1986. This makes the textile and apparel sector the second largest foreign exchange earner in the Malaysian manufacturing sector,
    MBT  -  110 words
  • 401 1  -  By TONG SUIT CHEE A TRAINING INSTITUTE is needed in Singapore to cater to the needs of small- and medi-um-sized enterprises (SMEs), a management consultancy has recommended. Coopers and Lybrand Associates envisions such an institute in the form of
    401 words
  • 120 1 OIL PRICES (ell yesterday after Opec (Organisation of Petroleum Exporting Countries) failed to clinch an accord which had envisaged joint output cuts with six producers from outside the cartel to mop up surpluses. British North Sea Brent crude, a widely-traded
    120 words
  • 159 1 THE SINGAPORE Robotics and Automation Association and government bodies such as the Economic Development Board will spearhead an aggressive campaign to encourage more companies in Singapore to automate. A high-level national automation masterplan committee will release results of its findings soon. The committee was formed to
    159 words
  • 356 1 UPI SOARING imports of machinery including cars, office equipment and commercial airplanes have helped Japan reduce its yearly current account surplus for the first time in six years, the Finance Ministry said in a preliminary report in Tokyo yesterday.
    UPI  -  356 words
  • Page 1 Advertisements
    • 39 1 Nikon The World's Finest Photographic System Add the finishing touch i tf A m? i> The exchangeable insole with the contoured footbed has been treated with activated charcoal. Activated charcoal absorbs and neutralizes, giving you natural comfort. BALLY SWITZERLAND
      39 words
    • 303 1 vmrn LABOUR DAY is significant every year. But the day takes on new meaning during times of rapid change, when circumstances bring out more clearly the need for labour, management and the government to be partners In productivity. For It is only a productive society that has anything left to
      303 words
    • 168 1 Saudis plaasad wHh fattur* of talks on oH crtbacfct, Paga 2 Now you need never visit a factoring company again. The fact of the matter is that now the United Overseas Bank Group has added factoring to its already impressive list of financial services. So in future if you need
      168 words
    • 24 1 e World Fme- t I lot ji "Jftic Srsi i Shipping Times comet at a separate taction today. Make sure you get your copy.
      24 words

  • ASIA – PACIFIC
    • 464 2 Former opposition politician named DJP chairman Agencies SOUTH KOREAN President Roh Tae-Woo yesterday named a former opposition politician as chairman of the ruling Democratic Justice Party in the prelude to a major reshuffle of senior party posts, party officials said in Seoul. Former National
      Agencies  -  464 words
    • 264 2 AP SAUDI ARABIA'S oil minister said in Vienna yesterday that he was pleased by the collapse of Opec talks on a proposed token cut in oil production. "It s a very happy ending'' to a full week of intense bargaining, Mr
      AP  -  264 words
    • 234 2 Reuter JAPAN, second only to the United States in delivering foreign aid, is rapidly closing the gap and has allocated more dollars for assistance abroad this year than its American ally, Time magazine reported on Sunday. In 1986, Japan gave US$5.6 billion in
      Reuter  -  234 words
    • 292 2 Reuter INDIA is loosening controls on industry, investment and imports, but liberalisation must take account of existing conditions, Finance Minister Narain Dutt Tiwari said yesterday. Mr Tiwari, in Manila for the annual meeting of the Asian Development Bank, denied there had been a rollback
      Reuter  -  292 words
    • 79 2 Reuter TAIWAN'S unemployment rate rose to 1.79 per cent in March from 1.7 per cent in February. It was 2.03 per cent in March last year, the country's Council for Economic Planning and Development said yesterday. A council official in Taipei said there was
      Reuter  -  79 words
    • 168 2 Reuter AUSTRALIAN Treasurer Paul Keating said his May 25 economic statement would not include immediate personal tax cuts and added there would not be any tax cuts this calendar year. "We will be giving indications in the May statement about when the tax cuts
      Reuter  -  168 words
    • 1053 2 ARRIVALS Operator S*rvic* numbor Local Tim* From GU GA892 0015 i CGK SU SQ11 0040 LAX/NRT UA UA805 0045 SFO/HKG CAL CI341 0155 m NCA KZ205 0215 NRT m UL455 0255 NRT FT FT75 0256 ATL/0FW ORD ANC/NRT/ JAL J LAI 7 0340 TYO CAL CI333 0405
      1,053 words
  • Page 2 Advertisements
    • 37 2 I only fly Lufthansa. m mm LL m :V 1 (2) V" v Air cargo of Europe by Lufthansa means expert handling of your important goods to 79 destinations in 26 countries Professionally. Speedily. Economically. Lufthansa Cargo
      37 words
    • 99 2 Flu 1w \rv Ifl 1a The business person's choice, every I 1 II I II 1 Tuesday. Thursday, Saturday and I 1 fl \l II I Sunday. Leaving Changi Airport at JL 1 A 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel
      99 words

  • REST OF THE WORLD
    • 478 3 NYT THE REAGAN Administration has told Congress that it wants to increase arms sales abroad substantially this year to more than US$l5 billion worth of weapons. This is US$3.3 billion more than the United States sold to other countries la;t year.
      NYT  -  478 words
    • 203 3 Reuter WITH POLLS showing him ahead in upcoming state Democratic primary votes, Michael Dukakis on Sunday attacked the Reagan administration and said that as US president, he would create jobs and wage a true war on drugs. A poll by the Akron BeaconJournal newspaper
      Reuter  -  203 words
    • 390 3 NYT THE US ECONOMY expanded at a faster rate in April after three months of slow growth, the National Association of Purchasing Management said in its monthly report. The report said new orders increased at a stronger pace, setting the stage
      NYT  -  390 words
    • 250 3 Reuter THE TRADE BILL passed by the US Congress last week will be vetoed by the President because a key provision would make the United States less competitive in world markets, Treasury Secretary James Baker said. "This provision, if it does anything,
      Reuter  -  250 words
    • 305 3 Reuter WHEN A DELEGATION of top bankers met Reserve Bank governor Gerhard de Kock in Pretoria last week, the talks centred on South Africa's surging economic growth. But the mood was strangely sombre. "The meeting was held to discuss a possible increase
      Reuter  -  305 words
    • 150 3 UPI ULTRA-RIGHT LEADER JeanMarie Le Pen has ordered his followers not to vote for French President Francois Mitterrand in final presidential balloting on May 8, but denied conservative Prime Minister Jacques Chirac a wholehearted endorsement. "No, no. no, not one vote
      UPI  -  150 words
    • 74 3 AP PRESIDENT Raul Alfonsin of Argentina vowed in a State of fre Union address on Sunday to proceed with controversial plans to move the country's capital to Patagonia. Powerful union leaders and opposition Peronist Party members have said moving the federal capital from Buenos Aires
      AP  -  74 words
  • Page 3 Advertisements
    • 189 3 The legend in Jakarta takes you to the heart of business matters. ZVri WWW WrMii m i i MANDARIN ORIENTAL JAKARTA Mandarin Oriental Jakarta is well placed to be the ideal hotel for busy executives. It is the only grand luxe hotel situated right in the middle of the business
      189 words
    • 293 3 HIGH TBCH SPBCS Because straight away, you save time and money getting started. At Southeast Asia's first high-tech manufacturing facility. Integral lighting, suspended ceilings and air-conditioning (24-hours, if you wish) are all provided. Unlike in conventional buildings. Even integral ducting to handle clean rooms and chemical waste disposal requirements are
      293 words
  • Page 3 Miscellaneous
    • 40 3 Doonesbury umm. warn/NG AT yOU LOOK \STRANte* WONDERFUL.' THANKS, MIKB. YOLTRBLOOKJN6 PRETTY GOOP YOURSELF! TM 60fN6 TO6OGET A PRJNK. SEE YOU LATER* oMy> H c* m W wr mm ■r?>. m m BY GARRY TRUDEAU ItWTPO movlm. m u I
      40 words

  • COMMODITIES
    • 373 4 Reuter MAJOR COCOA GROWERS struggled last week in Lome to find a way to reduce surpluses that have sent prices plummeting, but it was as though they were playing cards with an incomplete pack. The missing trump was Malaysia, which displaced Ghana this
      Reuter  -  373 words
    • 376 4 Bernama ES OIL EXPLORATION in Malaysia has now spread to new areas such as offshore Pahang, the Straits of Malacca and onshore Sarawak, according to Petronas president Tan Sri Azizan Zainul Abidin. This was due to the increase in the number of production
      Bernama ES  -  376 words
    • 180 4 Reuter SHORTAGES of natural rubber will continue in China because of slow growth in domestic output and soaring world prices, according to Beijing's Economic Daily. It said on Sunday the 1988 supply of natural rubber under central allocation would fall 7.2
      Reuter  -  180 words
    • 204 4 Reuter A FIRM DECISION on the fate of the International Coffee Agreement was unlikely before October this year, leading ICO delegates said on the final day of last week's ICO Council meeting in London. The current pact expires at the end of September 1989.
      Reuter  -  204 words
    • 1014 4 FT THE CREDITORS of the International Tin Council (ITC) have suffered another defeat in their legal battle to be paid by the council. The council collapsed into insolvency in October 1985 owing about £900 million. The London Court of Appeal last Wednesday
      FT  -  1,014 words
    • 210 4 HONGKONG: The metal closed lower yesterday depressed by profit-taking, mainly by American houses, dealers said. Bullion ended the day at U*****.80/449.20 an ounce against last Saturday's U*****.60/451.10 finish here and New York's U*****.75/450.25 close last Friday. "The metal is likely to slide further tonight," a British house dealer
      210 words
    • 57 4 TOKYO FUTURES closed 0.1 to 0.6 yen a kg firmer on small-lot buying by private investors yesterday due to the yen's slight drop against the US dollar in extremely thin trade. October was the exception. It lost 0.4 yen to 156.7. Most participants were reluctant to create fresh positions
      57 words
  • Page 4 Advertisements
    • 51 4 Korean Air is flying the world to Seoul. And Seoul to the world. Our modern fleet includes the very latest A3OO-600s, the advanced B747SUDs and soon, the new MD-lls and 8747-400s. For more details, call your travel agent or Korean Air on 5342 111. KSREAIV AIR THE ART OF JOYFUL
      51 words

  • Page 5 Advertisements
    • 508 5 In 1986, swaps emerged as one of the hottest new products developed by the investment banks. They also became the most misunderstood. While some companies considered them too intricate and exotic for their immediate needs, others (conversely) thought swaps were far too simplistic for their complex long-term strategies. A few
      508 words

  • FOCUS
    • 1056 6  -  A high-level national automation masterplan committee, formed to identify problems of automation in Singapore and to examine the role of government organisations, will release the results of its findings soon. Ahead of the report, LILIAN ANG looks at the labour situation
      1,056 words
    • 290 6 THE NATIONAL Automation Survey was commissioned by the Singapore Robotics and Automation Association Council in June 1987 as part of its efforts to promote industrial automation in Singapore. The project, completed in six months, was sponsored by the Economic Development Board (EDB) and the
      290 words
    • 751 6  -  By LILY FERNANDEZ ESCALATING labour costs and increased demand for their goods were among some of the factors cited by three companies which propelled them towards automation. Insulpack Industries, maker of polystyrene packaging foam (PPF), started production in 1971
      751 words
  • Page 6 Miscellaneous
    • 1249 6 W WE> oaoQ® B 12 PM Opening Announcement ond Programme Highlights followed by Carol Burnett And Friends. This week Alan King guest-star on tonight's show. The Yellow River The Taer Temple. Musical Interlude Excerpts from Classical Music Concerts. Only Fools And Horses The Longest Night. Cosmopolitan Theatre A Perfect Spy.
      1,249 words

  • Page 7 Advertisements
    • 103 7 say that when given the luxuries of life, we can dispense with its a e&fe, necessities. This month our chef selects: Ut<l\ Oi C IA/l (jai//e&<S/viJa/ac/es if Quail breast salad with white grapes in a fine truffle dressing. eOb. C 7 wj Sauteed scallops and squid flavoured with thyme on
      103 words

  • PERSPECTIVE
    • 475 8 LABOUR DAY is significant every year. But the day takes on an anxious significance during times of fundamental change in the international economic system. These are times when the adage that no nation owes any other nation a living takes on sinister hues. The fact
      475 words
    • 979 8  -  Japanese premier's European tour: Concerted effort to boost diplomatic and trade ties By PATRICK SMITH IHT AN ELEVEN-DAY TOUR of European capitals by Prime Minister Noboru Takeshita is intended to signal a new phase in Japan s ties with European Community countries, according to government
      IHT  -  979 words
    • 349 8 AFP BRITISH government and business circles are awaiting the arrival of Japanese Prime Minister Noboru Takeshita with curiosity, as he prepares to begin the second leg of a European tour. Mr Takeshita. little known in Britain compared with his predecessor Yasuhiro Nakasone. is due in
      AFP  -  349 words
  • Page 8 Advertisements
    • 257 8 Located at Tannery Lane and Genting Road, it feature you don't often find in warehouses happens to be a warehouse that's loaded to the roof Like space. A 7-storey independent building of 107,000 sq ft and around 15,000 sq ft per floor, not only is there plenty of it, but
      257 words
    • 205 8 -f i <'»« i #i > Wb'#W THE INTERCONTINENTAL HOTELS JOYS OF THE ASIA-PACIFIC VACATION SPECIALS. There's never been a better excuse to take off for a holiday Because from May to September*, you'll enjoy our traditional luxury class service at very attractive prices, at any of 12 exotic Asia-Pacific
      205 words
  • Page 8 Miscellaneous
    • 48 8 I LOONDeR HOU) DPIVID HACkrMfcVl (rrT for thg. ARisiocßftcy) is getting ON with Sir REGINALD j~ CH£St£g- PoRTRftIJ,, A sTu r>i o in EAST W I N C HLE Y HOU IS IT GOING DRRLING I'LL COLOUR |\JOmB£R 13 pi^K Nurne>£R 5 BuU£...NumBGR 5 yeujDuj mm ma I
      48 words

  • REGIONAL VIEWPOINTS
    • 183 9 SOUTH KOREA "THE SPLIT between (South Korean) President (Roh Tae-Woo) and the Assembly would matter less if the country seemed more at ease in its new democratic clothes. But the discouraging things that happened in the presidential contest happened this time too. Here again were envelopes
      183 words
    • 117 9 "THE RESULT of Tuesday's National Assembly election in South Korea should be seen as a tribute to democracy but not necessarily good government. For the first time in its short and often turbulent history. South Korea's ruling Democratic Justice Party (DJP) has lost overall control of Parliament,
      117 words
    • 112 9 THE PHILIPPINES "IF THE Philippine Minister of Defence Fidel Ramos's statement that his country should be given total access to all areas of the US military bases, Clark and Subic, is indeed Manila's stand in the on-going talks on the future of the bases, then a collision
      112 words
    • 137 9 MALAYSIA "THE POTENTIAL of large-scale fruit cultivation notwithstanding, not many have ventured into the field. Among the pioneers are Fima Plantation, Sime Darby, Vita Tenggara, Agro-Jelma and the Selangor Economic Development Corporation (PKNS). "Harrisons Malaysian Plantations Bhd (HMPB) has signalled its intention to plant guava on a
      137 words
    • 130 9 INDONESIA "CAUTIOUS REMARKS coming from a number of Indonesian senior officials, it seems to us. raises the need for a thorough and systematic discussion, not pertaining only to the bilateral relationship with China, but covering the projected strategic picture in the Asian-Pacific region, say in 25 years
      130 words
    • 126 9 "A NEW TWIST in the debt crisis emerged from (last) month's meetings: Added to the hazards of depressed commodity prices and increasing protectionism is the scourge of foreign exchange realignments. The external debt of the developing world grew 8.5 per cent in 1987. to US$l.l9
      126 words
    • 132 9 HONGKONG "UNTIL NOW, Hongkong has tolerated a high level of industrial pollution which affects the health of the general public. Other advanced societies are undertaking studies into the ecological damage done by heavy concentration of toxins... "But in Hongkong, where the practices of industry are seldom
      132 words
    • 63 9 "THE GOVERNMENT should try to attract back civil service emigrants who have gone overseas to procure foreign passports. In the meantime, however, the only logical course is to appoint qualified expatriate applicants to certain jobs rather than reduce work standards, because an efficient and professional civil
      63 words
    • 99 9 "WITH CHINA and Portugal backing the airport project in Macau and with Shenzhen Special Economic Zone authorities discussing their own airport plans, competition for Kai Tak is fast becoming a reality... "Hongkong cannot be seen to lag behind its neighbours when its unquestioned supremacy in
      99 words
  • Page 9 Advertisements
    • 56 9 REMIX 3 from the Philippines j- t \£r (iladvs, Joy and I^eila the voices of Kemix 3. An original group from the Philippines to captivate you with their vibrant renditions of top pops, love songs and evergreens. Nightly from 8 pm, except Sundays. The Lotu# Le Meridien Singajxiur Changi I
      56 words
    • 205 9 THE MYTH THAT DIETHELM HAS JUST BEEN SHATTERED. It appears that our office chairs have gathered quite a reputation for being on the expensive side A myth, no doubt, which our Premier Series chairs will put to rest once and for all. The chairs in this series come at affordable
      205 words
  • Page 9 Miscellaneous
    • 736 9 m CRYPTIC PUZZLE ACROSS 3 The high quality of cer- tain scholars (5) 8 It's eaten with tea (5) 10 Point to the north, possibly (5) 11 Punishment rapidly started (3) ti He has a use for a windbag (5) 13 Is he only comparatively a man of the sea?
      736 words

  • Page 10 Advertisements
    • 143 10 v 1 «•«*♦> jry^. fiain i i mm t -mm..mm I I !*»>*> a iSfwsiSNl <t.-±r ,iM> W%^kM FB m f fayiiv v%< -<V"* **lpsi mm^mn Z ***»>:< s*r> •v. i*s££&k2 ft A a t J V. «K f -v I# VA 9 M 1 i I i A T
      143 words

  • Page 11 Advertisements
    • 125 11 ss -V- ♦a Excellence, thats m-*. our job descnption mi aa >v iiIHP -> y l S *s Iy &Q V ■iv ft vr- "•'>. I CM i 4 :>V- f U--4 wf y > V 3 K 9 v f raw 4 %i\ k i i AI 7 •V
      125 words

  • SPORTS & LEISURE
    • 504 12 AP MICHAEL JORDAN put another mark in the NBA record book last Sunday. Jordan became the first player in league history to score more than 50 points in two straight play-off games as he scored 55 to lead the Bulls to a 106-101 victory over
      AP  -  504 words
    • 128 12 AFP AUSTRALIAN yacht designer Ben Lexcen died in Sydney last Sunday of a heart attack at the age of 52. Lexcen whose controversial wing-keeled yacht won the America's Cup for millionaire Alan Bond in 1983 had a history of heart trouble. In Melbourne, Australia's 1983
      AFP  -  128 words
    • 305 12 UPI IVAN LENDL, playing impeccable clay-court tennis in the last two sets, last Sunday defeated Stefan Edberg 2-6, 6-1, 6-3 to win the US$5OO,OOO AT&T Challenge in Atlanta. The win followed Lendl s triumph the week before in the Monte Carlo
      UPI  -  305 words
    • 186 13 Reuter UNDERDOG Terry Griffiths staged a fighting comeback against champion Steve Davis to stand level at 8-8 at the end of the first day of the world professional snooker final in Sheffield. England, on Sunday. Davis, bidding for his fifth world title, led 4-1, 5-2
      Reuter  -  186 words
    • 251 13 UPI CURTIS STRANGE sank a 25foot birdie putt on the third play-off hole last Sunday to beat Greg Norman in the US$7OO,OOO Independent Insurance Agent Open and win his third PGA Houston-area event in a play-off. Norman and Strange, who became the first three-time
      UPI  -  251 words
    • 73 13 AP SOUTH AFRICA'S leading white heavyweight prospect, Johnny du Plooy, plans to box in the US following his knockout of American Mike Weaver, the former World Boxing Association champion. Du Plooy, 23, knocked out Weaver with a right hook in the second round in Sun City, South
      AP  -  73 words
    • 291 13 Reuter AFTER DOMINATING the first two grands prix of the 1988 world championship, McLaren s "dream team" of Alain Prost and Ayrton Senna are already threatening to turn this year's title race into a private duel. Brazilian Senna, all-the-way winner at the San Marino
      Reuter  -  291 words
    • 373 13 Reuter TWO-TIME world champion Eddie Lawson stormed past fellow American Wayne Rainey two laps from the finish to snatch victory in the Portuguese Grand Prix 500 cc motorcycle race last Sunday. Rainey, competing in his first 500 cc season, had led throughout
      Reuter  -  373 words
    • 683 13  -  Talk of possible preparations on European circuit By WALTON MORAIS SINGAPORE'S splendid showing in qualifying for the final rounds of the US$l million Dunhill Cup golf tournament at St Andrews was greeted with delight in local golf circles yesterday. The president of the
      683 words
  • Page 12 Advertisements
    • 290 12 4 COURVOISIER XO Where to eat. drink... May 8. An occasion to 1 remember the greatest VT v 1 mm love of all s x mother's love, t A day to salute r^r her to Royal i\VV> Holiday Inn I iv -J Singapore and be assured she'll i| have a
      290 words
    • 168 12 MING PALACE OR POOLSIDE STEAMBOAT w Bring your family and friends and enjoy our steamboat buffet dinner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, moutnwatering meal... mmm then take a second helping or more. Share an all-you-can-eat steamboat with family and
      168 words
    • 231 12 MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected outlets, they will get a second drink, all for the price of one! It's a magic formula applicable daily The Lounge 7 9pm The Mandarins will entertain you from 9.15pm onwards in The
      231 words
    • 237 12 I lappy I lours are now Doubly C hxhl: Or tier one drink bv appiness-fpoms-dpw mc giass receive Club 5. Vliere you'll havehappv h «the double. Plaza Hotel Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for every drink you
      237 words
    • 274 12 1 MANDARIN BALLRCX)M Gala Buffet 12 noon 2.30 p: Adult: $39.50 nett Child: $21.00 nett Over 50 local aad western favourites including fresh prawn pyramid, oysters on ice, US rib of beef, satay and more! hhhhhhhhhm Youll also be treated to colourful entertainment and a Lucky Draw for a pair
      274 words

  • Page 13 Advertisements
    • 526 13 and entertain 4 Your Favourite Melody Melody, the popular Filipino trio, is back performing in the Fountain Lounge. Meet Doily Barretto, lead singer, who creates a dynamic impression with her vibrant stage presence and remarkable voice. Brothers Bert Neri, on piano and Lino, on guitar, add the beat and harmony
      526 words
    • 111 13 I IMPERIAL E DDNOT END WITH THE EMPEROR IMPERIAL MESSAGE Calling all businessmen; executives nobility. Come to the IMPERIAL HERBAL RESTAURANT for a novel concept in good eating sense. Experience with us die wonders of combining tasty Chinese cuisine with the essence of health-giving herbs, the traditional secret of the
      111 words
  • Page 13 Miscellaneous
    • 59 13 Play golf the Sevvy way IN MY GRIP WITH THE RIGHT HAND, I HAVE THE FOREFINGER JUST AS YOU WOULD HAVE IT IF YOU WERE HOLDING A GUN LIKE A TRIGGER FIN6ER > THE RI6MT \J f THUMB AND 1 FOREFINGER SHOULD TIGHTEN slightly as THE HANDS M COME INTO
      59 words

  • MONEY AND EXCHANGES
    • 672 14 Reuter THE LANGUID US credit markets may get some welcome news tomorrow if the US Treasury's quarterly financing announcement proves as modest as many money market analysts predict. But the real test will come on Friday with the release of the
      Reuter  -  672 words
    • 532 14 Reuter CHINA has opened the door to bond trading, but in Shanghai, once Asia's financial capital, most of the business is still waiting to come inside. Dozens of bond traders cluster in their own makeshift trading "pit*' in a dusty street in
      Reuter  -  532 words
    • 246 14 Reuter MITSUi TRUST and Banking Co Ltd has applied for full membership in the Chicago Board of Trade after purchasing a seat on the exchange. The bank is following a wave of Japanese banks that have become floor members of the exchange in an attempt
      Reuter  -  246 words
    • 295 14 Reuter AN ANTICIPATED string of favourable economic statistics is expected to provide support for the Australian dollar, the Australia and New Zealand Banking Group Ltd (ANZ) says. The Bank said in Sydney yesterday that the March consumer price index (CPI),
      Reuter  -  295 words
    • 716 14 NYT THE ECONOMIC FORCES that have pushed up US interest rates by more than threequarters of a point since early March could become more intense this quarter. That is the feeling among a growing number of US credit market analysts who see
      NYT  -  716 words
    • 369 14 Reuter A US$5.2 BILLION bank loan for Brazil, the Third World s largest debtor, is being delayed by a dispute over whether the World Bank should guarantee part of the money, US officials and bankers say. Brazil's foreign bank creditors. seeking an
      Reuter  -  369 words
    • 221 14 Reuter LATIN AMERICAN nations have exchanged US$7 billion of foreign debt for equity in local companies since such swaps began three years ago, according to an official of the Latin American Economic System (Sela). Henry Gill, Sela's deputy permanent secretary, said in Caracas last week that
      Reuter  -  221 words
    • 373 14 Maturity Yoar raised Coupon rat* P«) Amount 0 million) kntococt payment dates Numbor of days of occnwd interest L>rfl, iBtii "KJlCunVf middle pries (•xduding occrved interest) Gross redemption yitKJ (%po) 15.7.85/88 1970 •5* 129.85 15/1, 15/7 106 •100.85 •1.64 15.8.88
      373 words
    • 352 14 AFP WEST GERMAN interest rates have begun en upward movement that is causing concern in financial circles in Frankfurt The average governmentbond rate roee to 5.93 per cent last Thursday from 5.86 laat Wednesday, the highest since January. The average rate was 5.66
      AFP  -  352 words
    • 469 14 JAKARTA: The dollar was fixed at 1666.00/1672 yesterday. HONGKONG: The US dollar ended a dull and directionless session on a steady tone yesterday with participants unwilling to take major positions. The dollar held within tight ranges, but news that Japan's unadjusted trade surplus in March was U559.24 billion
      469 words
    • 275 14 Reuter IMM currency futures closed mostly lower last Fridsy and near daily lows after eroding in the afternoon amid weak technical factors and rising bearish sentiment. Sell pressure emerged when Riggs National Bank raised its prime rate to B% per cent from 8K per cent in the morning. No
      Reuter  -  275 words
  • Page 14 Advertisements
    • 87 14 rfyoure looking for products/ services brands firms' addresses, telephone numbers, key personnel and business activities ..iiStagapore and professisonal, trade and government bodies in American You'l be able to fine it in Wectoy 1 American Products Services in Singapore Buyers' Guide. Um H to do mon bmtnam todavi y.y.v. ■inff i
      87 words
    • 23 14 Most of tho global financial marfcats wara cloaad for Ilia May Day holiday yaalacday. IB BANQUEINDOSUEZ 3 Shenton Way. Shenton House, Singapore 0106
      23 words

  • Page 15 Advertisements
    • 391 15 Good ideas keep coming up I k -iTV'" "f S»*** l •<i» j eg "!V. ilk m <},< r i -\fc -<? '?v i ,^3 VO v SHARP SF-8800 *>• ww i, n •f* v" V i m raw a-: i is. ri M Is 2<.v 'V.U v *2! *S'
      391 words

  • BANKING AND FINANCE
    • 368 16  -  By LEONG WEN WAH PUBLICLY-LISTED L&M Group Investments is tapping the capital markets for $15 million with the signing of the loan agreement with its bankers today. The guaranteed note issuance facility, together with a standby revolving credit portion, will be available to
      368 words
    • 453 16 Reuter NEW LEGISLATION to regulate British money markets which took effect last Friday had drawn criticism that it could make it harder for London to compete as a global centre of finance. The Financial Services Act, designed to protect investors, was
      Reuter  -  453 words
    • 243 16 Reuter FIRST INTERSTATE BANCORP expects to complete a restructuring programme begun last year by about the end of the second quarter, according to First Interstate cnairman Joseph Pinola. Last October, the bank holding company announced a plan to reduce assets by about US$6 billion as
      Reuter  -  243 words
    • 459 16 MBT IN ONE BIG SWEEP, Standard Chartered banks in the Asian-Pa-cific region will dump their existing non-IBM mainframe computers and replace them with IBM computers over the next two to three years. Malaysia and Singapore are no exceptions. Branches in both countries are
      MBT  -  459 words
    • 123 16 GREAT PACIFIC Finance, a subsidiary of DBS Bank, has relocated its Thomson branch to Jalan Besar. From today, the branch is located on the ground floor of Hoa Nam Building in Foch Road. The branch's retail services include a senior depositors' scheme for fixed deposits,
      123 words
    • 140 16 AFP OUTSTANDING ASSETS on Japan's offshore market rose 8 per cent in March from the previous month to U*****.9 billion, the Japanese Finance Ministry reported last Saturday. The outstanding assets on the offshore market had been registering monthly gains since the market opened in
      AFP  -  140 words
    • 144 16 Reuter THE BANK of New York Co Inc said on Sunday it had extended its tender offer for shares of Irving Bank Corp to May 6 at 1600 GMT. The offer had expired at the close of business on
      Reuter  -  144 words
    • 98 16 AFP THE FRENCH BANK Credit Lyonnais, its leasing subsidiary Slibai I International and a consortium of Japanese financial groups have signed a jointventure agreement with Chinese partners for the creation of a leasing company in China. The new company. Yellow River International Leasing Corp,
      AFP  -  98 words
    • 64 16 Router DANISH savings bank Sparekassen SOS is joining the Norden Banking Group, which reprasents savings banks in four Nordic countries. The group, formed in 1964, aide customers through measures such as facilitating cash transfers and raising joint loana. Sparekaaaen SOS repiacw Faeileabanken for Danmarks Sparekasser
      Router  -  64 words
  • Page 16 Advertisements
    • 122 16 This announcement appears as a matter of record orfly SHANGHAI INTERNATIONAL CLUB COMPANY LIMITED U5D45,000,000 SYNDICATED LOAN FACILITY Guaranteed By BANK OF CHINA, SHANGHAI BRANCH LIM KAH NGAM LTD Arranged By OVERSEA-CHINESE BANKING CORPORATION LIMITED UNITED OVERSEAS BANK LIMITED Lead Managed By CIBC ASIA LIMITED OVERSEA-CHINESE BANKING CORPORATION LIMITED UNITED
      122 words
    • 383 16 The world's largest worldwide centrally-owned removals network Ooming summer, if you are taking up a new job overseas or emigrating or returning to your native country, it would be best to start early in planning for the moving of your household goods now. At no cost or obligation, we will
      383 words
  • Page 16 Miscellaneous
    • 41 16 Max/ Not* 21/11 Hoi. 29/25 Cloudy 30/21 Clear 26/23 Rain unov 32/24 Cloudy 22/10 Clear 19/05 Clear 13/04 Cloudy 34/23 Rain 24/16 Cleor 18/10 Cloudy 16/08 Showers 22/13 Cleor 18/10 Cloudy 37/25 Sunny 23/15 Fin. 30/14 Cleor 25/24 Cloudy 08/05 Rain
      41 words

  • COMPANY NEWS
    • 862 17 mim By HOCK LOCK SIEW DOES HONGKONG shipper Y K Pao know something that the minority shareholders of Hotel Marco Polo (HMP) do not? By most measures, the latest (and second) takeover bid launched by his Hongkonglisted vehicle, Wharf (Holdings), for HMP
      By HOCK LOCK SIEW  -  862 words
    • 307 17 MBT SOUTH PACIFIC Textile Industries (SPTI) is all set to move into high fashion apparel manufacturing when its joint-venture factory starts production in June. SPTI had earlier announced that the company had signed a letter of intent with Hongkong-based Tungtex (Holdings) Co Ltd to
      MBT  -  307 words
    • 336 17  -  By ELAINE KOH FAR EAST Levingston Shipbuilding Ltd has clinched a contract, believed to be close to $120 million, to build a jack-up rig for a US drilling contractor. "This is the first order in the world for a new drilling rig since
      336 words
    • 692 17 Prospects for property development in Malaysia MBT THE BUOYANT commodity prices and strong performance have underscored the earnings potential of Malaysia's plantation companies. But these companies possess yet another draw possible property development of their plantation land. Of Malaysia's potential housing land
      MBT  -  692 words
    • 80 17 AFP SIME DARBY Philippines, an affiliate of the Malay-sia-based conglomerate Sime Darby, made a profit of 81.3 million pesos (US$3.B6 million) in 1987, company president Larry Dubberly said in Manila. This was 30.85 per cent higher than the 1986 figure of 62.13 million pesos (U552.95
      AFP  -  80 words
    • 111 17 SOUTH EAST Asia Venture Investment (Seavi) has said that although it has been negotiating with a Thai party to set up a video cassette assembly plant in Thailand, the proposal to include Electro-Magnetic in the venture is only being discussed "This proposal is still at
      111 words
  • Page 17 Advertisements
    • 94 17 FACTORY WANTED IN JURONG Client interested to purchase factory for immediate occupation > Land Area 200,000 sq ft 400.000 sq ft Location Any part of Jurong Industrial Estate Interested sellers please contact Tel *****55 (12 lines) -Mr T G Tay MANAGEMENT every Monday CL-Alexanders Laing &Cruickshank Holdings Ltd is pleased
      94 words
    • 55 17 Baring Securities Limited is Droud to receive The Queen's Award for Export Achievement for 1988 19 8 8 THE QUEEN'S AWARD FOR EXPORT ACHIEVEMENT 1988 We wish to thank all our clients and employees who have made this possible BARING SECURITIES LTD LONDON TOKYO NEW YORK HONG KONG FRANKFURT SINGAPORE
      55 words

  • REGIONAL MARKETS
    • 318 18 Reuter HONGKONG and Shanghai Hotels Ltd is planning to develop a light rail system linking the southern part of Hongkong island and the central business district, chairman Michael Kadoorie said yesterday. Several other projects are in the works, including the acquisition
      Reuter  -  318 words
    • 53 18 AFP HYDROCARBONS INDIA (HIL), a state-owned company, will sign a US$25 million contract to drill for oil off Vietnam this month, a Bombay-based newspaper has reported. The Indian Post quoted HIL chairman Major General S C N Jatar as saying that the first well would be drilled
      AFP  -  53 words
    • 373 18 Hongkong Reuter HONGKONG share prices cloeed lower yesterday in the absence of new incentives and investors remained cautious over the future direction on Wall Street, brokers said. The Hang Seng Index ended 12.96 points lower at 2,589.89 after a weak opening. The broader based Hong Kong Index
      Reuter  -  373 words
    • 359 18 Reuter A PROPOSAL to tax bank time deposits may inject new life into Indonesia's sleepy stock market and help revitalise the private sector in the state-dominat-ed economy, financial analysts said. Finance Minister Johannes Sumarlin touched off a debate last week when he said
      Reuter  -  359 words
    • 185 18 Reuter FIRST PACIFIC International Ltd has placed 25 million shares at HK$2 (26 US cents) each with a number of institutional investors, raising HKSSO million before expenses to finance an acquisition. It said in a statement that the majority of the shares were placed
      Reuter  -  185 words
    • 266 18 LAST FULL YEAR Company Period Date Year Not EPS Groa Not announced •odtng (conn) <#» profk Ian year ($*000) Utd Plorrtortom Final Mar 16 Dec 87 6.1 (a) 2 5TE(a) 9,105 Metroplex Final Mar 27 Dec 87 4.1 6.0 8.129 Paramount Final Mar 27 Dec 87 06 2.5
      266 words
    • 169 18 LAST FULL YEAR Company Period Dai* Voor Net EPS Grott Not announced endhig (a W«l) dt* profit loit year ($-000) '•U0#0#0 Interim Jul 21 Sop 87 169 230 2.907(g) CXrta Cora Final Aug 28 Doc 86 4.8481 Pod Cablet Final Sop 12 Jun 87 6.l7&(i) h* Wood Interim
      169 words
    • 517 18 Reuter TOKYO share prices closed higher for the third straight session yesterday, due to buying of high techs and some large capital laggards which brought the Nikkei Index to a new peak, brokers said. The Nikkei Index climbed 160.18 points, or 0.58 per cent, to 27,669 72. It gained
      Reuter  -  517 words
    • 459 18 Reuter THE AUSTRALIAN share market was barely steady at the close yesterday with scattered buying and selling on very low volumes, brokers said. "The market was incredibly dull," one broker said. "It wasn't because traders were being cautious. they just weren't interested." "Volumes were so low that any movement
      Reuter  -  459 words
    • 251 18 MAY M MT 482 *0 26 Kotin Kuochan Dev Lee Chang Yuen 46 70 .61.50 60 00 1.4 2 2 5 Asia Content 88 00 96 50 2 1.5 Uen Hwa Indua 67 50 3 *22 00 +15 Nan Ya PI as 80 50 1 58 50 3 Pacific
      251 words
    • 73 18 MAY ta 1 PESOS Mftrstoel 0004 Acoja Mining Oriental B Phil Ovaraaaa Phila* B 0 049 0 035 040 0 002 unch Anglo Phil 001 unch -0.001 unch unch unch unch 05 Pic op B PLOT 178 ■♦■2 Baguio Gold 0005 San Miguel B 171 unch Saatront 0 021
      73 words
    • 105 18 NYT THE Columbia Business School is co-operating with the University of International Business and Economics in Beijing to establish an executive programme on joint-ventures management in China. The programme, announced last week by Columbia, is aimed at teaching Chinese business managers some American management methods and helping
      NYT  -  105 words
  • Page 18 Advertisements
    • 565 18 I OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME I E. Sato of Konan Enterprise (Pte) Ltd. hereby give notice that In consequence of the change of ownership I have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 178) In respect of
      565 words
    • 530 18 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF 8.1. DE GESTION MARKETING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of 8.1. De Gestion Marketing Pte Ltd duly convened and held at 435 Orchard Road #12-02 Wisma Atria
      530 words
    • 844 18 NOTRE NOTICE IS HEREBY GIVEN that, I Lam Piak Thon Nam Piak Thon of No: 36, Joo Chiat Road, Singapore 1542, has applied for a Second Class Beer House licence in respect of premises at M/s Chee Heng Eating House at No: 36 Joo Chiat Road, Singapore 1542, and that
      844 words
    • 356 18 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF PROGRESSIVE SUPPLY SERVICES PTE LTD VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. SO. that the Final Meeting of the members of the abovenamed company will be
      356 words
    • 15 18 The Kuala Lumpur market was cloaad yesterday Hongkong, Bangkok and Seoul prices were not available
      15 words

  • INTERNATIONAL COMPANY NEWS
    • 252 19 Reuter AUSTRALIAN media magnate and cricket promoter Kerry Packer has spent some £50 million on a 3.5 per cent stake in textiles company Courtaulds, according to a British newspaper report. The Sunday Times article yesterday said that Mr Packer built up a stake of
      Reuter  -  252 words
    • 168 19 Reuter HOPEWELL HOLDINGS Ltd is planning a second coal-fired power plant near Hongkong in Shajiao in southern China. Managing director Gordon Wu told reporters yesterday after the opening ceremony of the first, the HK$4 billion Shajiao B plant, that negotiations on a second
      Reuter  -  168 words
    • 1365 19 Current Is cteee Me payable Total lor ■w year Total tor toat year A ft N A Enterprises Amool Asiatic Dev Bala Inllnn DOTOT louOad C C M C Properties Qty Dev Coid Storoge D ft S DftS Land D Keramat tantop Est Esse Ew Yon Sang FELS
      1,365 words
    • 245 19 UPI THE BOEING Company is on the verge of taking over the lucrative Stealth bomber project for the US Air Force, according to a Seattle newspaper The Seattle Times reported last Friday that the prime contractor on the project Northrop Corp of
      UPI  -  245 words
    • 895 19  -  Recriminations over stalled divestment From AL O LABITA Jr WHEN PRESIDENT Cory Aquino announced last October that state-owned Philippine Airlines (PAL) would be privatised in two months, her audience responded with thunderous applause. "The government has no business engaging in business." she told a group
      895 words
    • 557 19 NYT IN THE LATEST ROUND in its battle to gain control of USG Corp, Desert Partners has said it would pay US$45 a share in cash for 39 million outstanding shares if a friendly deal could be worked out. The latest
      NYT  -  557 words
    • 125 19 UPI THE WALT DISNEY Company has completed a transaction to protect its Tokyo theme park income from fluctuations in the yen-dol-lar exchange rate. Oisney received more than US$7OO million from the transaction as a form of advance payment against a "substantial portion" of
      UPI  -  125 words
    • 172 19 Reuter INCHCAPE PACIFIC LTD. the Far East regional organisation of Inchcape PLC. has reported a record profit increase for 1987. Profit before tax was HK$432 million (U5555.26 million), up 94 per cent from 1986. Profit after tax and minority interest was HKS27B million (U5535.56
      Reuter  -  172 words
    • 65 19 Reuter INFORMATION SERVICES company Dun and Bradstreet Corp is setting up a New Zealand operation. Dun and Bradstreet (New Zealand) Ltd. Sources said it would offer credit reporting and debt management and recovery operations. Oun and Bradstreet, which also owns Moody's Investors Services Inc. will
      Reuter  -  65 words
    • 292 19 Reuter KOPPERS Co Inc said its board continues to explore alternatives, including a recapitalisation plan, to a US$l.69 billion hostile takeover bid by BNS Inc. BNS earlier said it now owns or has purchased offers for over two thirds, or 17.17 million,
      Reuter  -  292 words
    • 114 19 HONGKONG Hongkong Index Mondoy 1.***** F"doy 1.***** Week ogo 1.727 62 Hong Seng Index Mondoy 2.589 89 Frxloy 2.***** Week ogo 2.***** All Industrials Monday 2341.6 friday 2.344 3 Week ogo Closed NEW YORK Dow Jones Fridoy 2.032 33 Thursday 2.***** Week ogo 2.***** TOKYO Nikkei Average Monday
      114 words
    • 45 19 Reuter THE New World Development Co Ltd and the Chinese state-owned China Resources Holdings Co have been authorised to build a road tunnel which will link Kowloon city centre with suburban areas, sources have said. The project will cost about HKS2 billion.
      Reuter  -  45 words
  • Page 19 Advertisements
    • 274 19 p PARKWAY HOLDINGS LIMITED 5530,000,000 Unsecured Notes known as "Guaranteed Floating Rate Notes Due 1993" In accordance with the provisions of the Notes, notice is hereby given that for the three month period 3 May 1988 to 3 August 1988, the Notes will carry a rate of interest of 4.0
      274 words

  • 231 20 JAPAN'S Minister for Foreign Affairs. Mr Sosuke Uno. will call on Prime Minister Lee Kuan Yew to exchange views on relations between the two countries as well on the "international situation" during a two-day visit to Singapore. Mr Uno, 65, who will arrive
    231 words
  • 425 20 Ministerial meeting opens in Dusseldorf Agencies ASEAN yesterday urged the European Community to throw its full weight behind former Cambodian monarch Prince Norodom Sihanouk in his peace initiative for his country. The Cambodian question, and Asean's concern about a possible rise in trade protectionism
    Agencies  -  425 words
  • 363 20 Reuter THAI PRIME MINISTER Prem Tinsulanonda yesterday rejected the resignation of the army com-mander-in-chief, a potential threat to his chance of keeping power after a general election called for July. Mr Prem told reporters he had instructed the Defence Minister to reject a letter
    Reuter  -  363 words
  • 370 20 PUBLISHER Malcolm Forbes went on a hot-air balloon ride that took off from the Padang. Gannett Co Inc. the publisher of USA Today, appears to have outdone that by sending two dozen journalists to write a feature on Singapore, with some of them
    370 words
  • 163 20 AP A US TRADE DELEGATION yesterday urged South Korea to open its domestic markets to American goods and end restrictive trade practices to help ease the American trade debt. South Korean officials said in Seoul. Peter Allgier, the Assistant US Trade Representative,
    AP  -  163 words
  • 191 20 MBT MALAYAN RAILWAY (KTM). the "neglected child" of Malaysia's transport industry, will be able to change its image as a losing concern if it continues with its strong recovery following a management reorganisation in January. In the first quarter of this year, KTM recorded
    MBT  -  191 words
  • 54 20 AFP JAPANESE Prime Minister Noboru Takeshita had talks yesterday with his Italian counterpart, Ciriaco de Mita. on the second day of his official visit to Italy. They had talks in Rome lasting nearly 90 minutes before a working lunch. Mr Takeshita was due to meet President
    AFP  -  54 words
  • 454 20  -  By BRIAN GOMEZ Foreign Editor SOVIET LEADER Mikhail Gorbachev's perestroika, or restructuring programme, aims to solve internal problems within the Soviet Union and "to drastically change the structure of our economy," the Soviet ambassador to Singapore, Mr Anatoli M Orioukov, said
    454 words
  • 78 20 Reuter COMEX gold futures traded sharply lower early yesterday on liquidation linked to expectations of lower oil prices based on Opec's failure to agree on production cuts, traders said. June gold traded US$5.2O lower at U*****.40 an ounce, after trading between U*****.50 and U*****.80. Silver futures
    Reuter  -  78 words
  • LATE FILE
    • 76 20 AFP PRESIDENT CORAZON Aquino yesterday praised the military's "new spirit', and pledged a higher defence budget next year to take care of soldiers' armaments and other needs. Mrs Aquino said at a ceremony commemorating the 52nd anniversary of the air force at an air base,
      AFP  -  76 words
    • 40 20 AP PRESIDENT SUHARTO told visiting Japanese lawmakers yesterday that Indonesia needs international cooperation to cope with its economic difficulties caused by the soaring yen and declining oil prices, the legislators said. Indonesia owes Japan US$l3.l billion AP
      AP  -  40 words
    • 60 20 Bernama THE PALESTINIAN Liberation Organisation has denied published reports it had sent a seven-man hit squad to bomb Clark Air Base and the favourite hangouts of American servicemen in Angeles City (Central Luzon). Mohammed Hassan Hamdona. official PLO representative in the Philippines, accused Israel of
      Bernama  -  60 words
    • 33 20 AFP SAUDI ARABIA issued a blunt warning to Iran yesterday that its pilgrims will not be allowed to stage demonstrations in the Muslim holy city of Mecca this year.
      AFP  -  33 words
    • 43 20 Reuter FRENCH fashion designer Pierre Cardin appealed to President Suharto's wife yesterday to help him do something about 16 other Pierre Cardins in Indonesia. That is how many companies have registered the Pierre Cardin trademark in the country.
      Reuter  -  43 words
  • Page 20 Advertisements
    • 61 20 For course brochures and registration forms. 3/5' 88BT please complete the attached coupon or contact us at Singapore Institute of Management siX.APORt 15 Scotts Road Level 4 Thong Teck Building Q OSTTTVn Of .Spore 0922 Tel: *****66 VP MANAGEMEVI Cable SIMANAGf. Tlx SIM RS ***** Piease send me the brochure
      61 words
    • 133 20 Banking on the future FOR EACH OF THE PAST 10 gapore as a world financial centre years, BT's Banking and Finance in the next century? Will plastic supplement has provided readers money replace paper and coin by with a comprehensive and pro- 2000? Who are the bankers of the vocative
      133 words
    • 212 20 hi f I s*c. <* mm JONES THE ACHIEVERS The team at Jones Lang Wootton is distinguished by exceptional qualifications and depth of experience. A panel of hardworking professionals who will see your deal through from the start to finish, quickly and efficiently. Experts with a thorough knowledge of the
      212 words

  • SHIPPING TIMES
    • 442 21  -  By LINDA CHEE MEMBERS of the Japan-Per-sian Gulf Rate Agreement (Jappercon) are going ahead with the fourth round of a rate restoration programme in July this year. Rates for shipments to Arab Gulf ports from all points in the Far East,
      442 words
    • 148 21 Reuter EVERGREEN Marine Corp. the largest private-ly-owned shipping company in Taiwan, has applied to the Securities and Exchange Commission to issue 200 million shares this year for the purchase of six second-hand container vessels, a company spokesman said. Evergreen Marine last year successfully
      Reuter  -  148 words
    • 326 21 AP AN US$ll million passenger terminal for cruise ships opened on Friday at the Port of Los Anfleles, the latest sign of growth in the luxury liner business. The cruise ship Azure Seas was scheduled to inaugurate the new facility, picking up
      AP  -  326 words
    • 154 21  -  From KINGSLEY WOOD THE AUSTRALIAN National Line, P O Containers and Telecom Australia are to develop jointly a national information system for use by the Australian shipping industry. Called Viaship, the system will provide up-to-date information on shipping movements, container availability and
      154 words
    • 163 22 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf. Straits ports/Australia. Straits/Japan and the member lines ACE {FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd NedHoyd
      163 words
    • 147 22 AP A JAPANESE tanker that ran aground in the Strait of Juan de Fuca is too badly damaged to be allowed to leave for repairs in Oregon, US Coast Guard officials said. "We've determined that because of the damage to the ship,
      AP  -  147 words
    • 1006 22 Lloyd 's Maritime Asia THE SURVIVAL of Pakistan's liner trades and closely related India's top as dedicated services is no mean achievement, given that both are chronically exposed to low-er-priced competition from feeder and wayport operations. Having never strongly containerised its trades from the
      Lloyd's Maritime Asia  -  1,006 words
    • 112 22 AP A REPLICA of the 15th century caravel Santa Maria has set sail for Japan on the second of its journeys to take a message of peace to the world. The voyage is the second for the Marigalante, which sailed to Spain
      AP  -  112 words
    • 797 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Africo Ocean X 2 Alltrons VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI
      797 words
    • 130 22 DUTCH shipowner Vroon has bought two 1,772 TEU containerships from South Korea's Hyundai group, and pulled off a long-term charter deal with French liner operator Compagnie Maritime d'Affretment. The vessels, for which Vroon paid an undisclosed sum, are the Pacific Progress and Pacific Prosperity,
      130 words
    • 234 22 INTERNATIONAL Container Lease Inc (Sinocon) has expanded its activities in response to increasing containerisation of shipping services to China. According to Containerisation International. Sinocon has invested about US$2 million in new containers made in China. Total fleet size now stands at 5,300
      234 words
    • 160 22 PANAMA plans to call a "summit" of major open register countries to discuss policy issues, it announced in New York. It says traditional open registers must maintain their credibility on the face of increasing competition. The first nation to be
      160 words
    • 600 23 Reuter A SHORTAGE of shipping containers as world trading expands is helping to push the earnings of Sea Containers to record highs, company officials say. "There is a tremendous shortage of containers." chairman James Sherwood said. "And demand is way up. Our earnings are setting
      Reuter  -  600 words
    • 247 23 AFP ACTIVITY improved over the past week on the tanker market, which was overshadowed by the possibility ot a consensus between the Organisation of Petroleum Exporting Countries and other producers to cut supply, London brokers E A Gibson say in their latest report. However, lower oil prices as
      AFP  -  247 words
    • 125 23  -  From Kingsley Wood THE CHINA Ocean Shipping Company has launched a new liner trade between China, Japan, Australia and New Zealand. Southbound it will depart Xingang for Yokohama and Kobe, then Sydney and Melbourne, calling last at Lyttelton and Auckland in New Zealand. The northbound
      125 words
    • 177 23 HONGKONG International Terminals (HIT) a subsidiary of the Hutchison Whampoa Group, has taken delivery of its first two quayside container cranes of a total order of seven capable of serving the largest container ships afloat. The cranes have a longer outreach than those
      177 words
    • 57 23 P O ferry sails English Channel Reuter A P O FERRY docked at Dover on Sunday night after completing its second commercial English Channel crossing, breaking a strike by seamen that has crippled Britain's ferry services for the past three months. The Pride of Bruges sailed to Zeebrugge in Belgium
      Reuter  -  57 words
    • 7073 28 3®aBG)qEB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port.of Singapore.
      7,073 words
    • 1023 30 FREIGHT market chartering was rather dull on Friday, shipbrokers said. Grain shippers were said to have covered a cargo from the US North Pacific to Japan at US$ll.5O against the Baltic subindex for this voyage of $11.80 while $24 was paid from the North Pacific to Indonesia. A
      1,023 words
  • Page 21 Advertisements
    • 559 21 h. 4 TIMES STP Distributors WW/ ORIENT OVEIQEAS ConttimA LINE A|CfltS JARDINE SHIPPING AGENCIES (R«| No 242*4/ 00K) 200 Cantonment Road #12-05 Soutti point. Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEL
      559 words
    • 62 21 TCMDB THE SURVIVAL of Pakistan's liner trades and closely related India'i top as dedicated services is no mean achievement, given that both are chronically exposed to lower-priced competition from feeder and way port operations. Page II A SHORTAGE of shipping containers as world trading expands is helping to push the
      62 words
    • 661 21 FESCO LINES If FAR-EASTERN SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE USA 18 CLOSER TO YOU WITH MAERSK LINE OAKLAND 17 DAYS LOS ANGELES IS DAYS To Europe UK Scandinavia Finland »1 This Anna M
      661 words

  • Page 22 Advertisements
    • 540 22 u Hapag-Lloyd ALSO ACCEPTING CARGO TO: ALL UK INLAW DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG, MALMO, HELSINKI, OSLO. AMSTERDAM. CARIBBEAN I S AMERICA CONTAINER SERVICE FROM UK/CONTINENT OSAKA BAY KftANO MARU CITY OF EDINBURGH LARGS BAY KAMAKJfIA MARU HONG KONG EXPRESS ROAM/ ANTWERP LE HAVRE SOUTHAMPTON KAOS PORE HONGKONG HSIUNG
      540 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 248 22 m :sin: tiux asnssc Anglo French Shipping MALAYSIA MISC AGENCIES DN BHD P« *****53 PtN *****5 .Barber Blue Sea Super Carriers for roll-on/roH off and container flexibility TO: PANAMA US WC/EC/GULF E. CANADA CARIBBEAN C. AMERICA 1M 17* H* 1/7 HV7 17/7 Aba acceptirn contrs lor Houston (MLB). S. Francisco
      248 words

  • Page 23 Advertisements
    • 899 23 (KG 2 P&O Containers CONTMCRSHP SERVICE TO UK/CONTINENT: COWTAINERSHIP SERVICES TO/FROM BANGKOK Pt CASUS PR OCR ESS VS2BN PtCASUS PROGRESS WtH BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 SINGAPORE TO SABAH. SARAWAK AND BRUNEI Aho Accepting Cargo For: Hm*v| to Cimmtni. Ajrftut. CoOMnturi. Maa. R«l»rMi to Mwt. tarirta. Otto. Into
      899 words
    • 425 23 M EUROPE REV TKR SERATK IVF LL-ll General Agent: mm USA/PANAMA Kssa VA REV VKK SERIVA JtfU SER VA 17J3 21.83 ILK 17.14 ACCEPTRK CAM TI/FRN IFL I ilk tin an km mj< ilrg 11.14 CM 1744 ILK 17J4 17J6 15.14 IM4 21J4 KJ4 BMS 2885 KJ4 •!J6 ILK ISK
      425 words

  • Page 24 Advertisements
    • 430 24 ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN MEE2AN IRAN TAKHTI IRAN VAHOAT Singapore 5/5 1/6 3/6 Loading for:BANDAR ABBAS BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNC/S. PACIFIC SERVICE Singapore Loading for: A VESSEL 15/5 LAE, PMB. RBL, HRA MICRONESIA SERVICE OCEANIA EXPRESS V-13 4/5 OCEANIA EXPRESS V-14 25/5
      430 words
    • 563 24 KS &.LINE (HM tmmmt conn** ritm FULLY CONTAINERISED SERVICE st* BU LA 21/5 2/6 ■FDR/MOTHER VESSEL HKC 54E/PACIFIC PROSPERITY ItE HKC 54E/HANJIN KUNSAN 31E KJJ 43E/HANJIN KWANGYANC 45E KJJ 43E KOREAN WON IS JIN 75E SSB 65£ KOREAN WONIS SUN 70( SSB 65E/HANJIN BUSAN BE KCN Jit, KOREAN WONIS ONE
      563 words
    • 293 24 L freight links express PTE LTD DIRECT SERVICE TO DUBAI: SAILING 6/5 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. PAPUA NEW GUINEA PORT MORESBY, RABUAL, LAE MADANG NEW CALEDONIA FIJI ISLANDS NOUMEA SUVA/LAUTOKA 2/6 2/6 AUSTRALIA/ NEW ZEALAND
      293 words
    • 938 24 EVE* CLAMOUR EVER GENERAL EVER GLOBE EVER GAINING EVER CUEST EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURQ/FE) Igg&IIS 5? s ALSO ACCEPTINC CARGO TO: U mSINCTON •IR«lUOa"tc''"* M BOSTW< PM,L ofl fHI NORFOLK JACKSONVILLE 2) ATLANTA CHICAGO DETROIT COLUMBUS t OTMCR MAJOR MCROORIDGE DESTINATIONS 3) CRISTOtAL. BALBOA PANAMA CITY
      938 words

  • Page 25 Advertisements
    • 601 25 v PACIFIC INTERNATIONAL LINES \V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SENIARANG CONTAINER SERVICE MTEQHA MA FOATUNC (IN 7/1 10/S 14/5 17/S H/S 34/S 2s/s n/« BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE SIN In PI In PI
      601 words
    • 167 25 a NORBUL Vyr* NORBULK CARGO SERVICES LTO. REGULAR CONVBTTiONAL TIMBER AND PLYWOOD SERVICES C: UK CONTINENT PORTS I o it BREAKBULK SERVICE TO EUROPE/UK S pore P.Kttong Loading For MARILYN 0 MO2 5/5 FLU/ANT/CARD NIKEA 8803 25/5 2S/5 NAN/LA PALLICE/ FLU/NPT SUBJECT TO CHANGE WITH/WITHOUT PRIOR NOTICE SPORE MARATHON UNITED
      167 words
    • 405 25 r. ia BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT r.M. "vw i innndmmitfil lAKUU TO/FROM PENANG AND EAST MALAYSIAN PORTS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE MKC NOUMEA SUVA AKL NAP TM TCA 12/5
      405 words
    • 407 25 DJAKARTA LLOYD INDONESIAN NATIONAL LINF (A MEMBER OF ANROt mj AGENTS SINGAPORE EK A JAVA AGFNCIES QffXf ift TiPMiNAI U43W »*< ysaoos MALAYSIA HARPER WIRA SON BHD pithing J*»* 'SM:;: POO I f£L*NC -W?ll S '.MO*; P{ NANG irBS-'S «54?7 APC LINE 1 \N(.hl T\N PKKTWIH\VC\N < ONT \lM,|{ LINK
      407 words
    • 401 25 BOUSTEAD SHIPPING AGENCIES 101KAW V/123W pagan firm AVA V/M PA-AN V/IMW BURMA FIVE STAR SHIPPING CnRPDRITIpW (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 2/7 May 5/1 May if! *1 10/11 May 1/lOMav TAUSALA SAMOA VI2N MORAYBANK VSN CLYDEBANK V23N 11-CONTAINi SPORE ROAM HULL MM 12/5 10*
      401 words

  • Page 26 Advertisements
    • 730 26 "K"linb KAWASAKI KISEN KAISHA, LTD. ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE VIA FEEKR FEEDER VESSEL ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE N. AMERICA-ATLANTIC COAST VOY *INDO 19 30/4 7/5 I 14/5 17 21/5 VOY LB II 26/3 7
      730 words
    • 323 26 Accepting LCL and South Africa container(Md cargooa Dtract to S'pore I Durban OSAKA MARU SJJ9F VIRGO 0301r HAYAKAWA MARU S43SF VENTO 0101 VAAL MIS NEDUOYD COLOMBO 5234 C 11/5 23/5 25/3 24/5 i% ,a M C.Town Durban SM SW SW Sid 15/5 l|/5 &> J.rd.n JAR DINE SHIPPING AGENCIES (REG.
      323 words
    • 585 26 INDIA EXPRESS CONTAINER SERVICE Accepting I Stnpporc ORIENT SUCCESS V 107 SO MANIPUR VJ7H TWER BAT V S INDIAN COURIER V KM AGIOS ANDREAS V C 1 ORIENT SUCCESS V 101 S O NAGALAND V MM TIGER MY V 37 INDIAN COURIER VUN ORIENT SUCCESS V 10 V NANDINI V
      585 words
    • 556 26 GOLDEN LINE GUM GUAM SHPPMG (PTE) LTD 8. T«tak Amt Strwt H SINGAPORE «M TEL: SOW (It UNO) Fu 90SM STRAITS/PERSIAN GULF SERVICE: Sport PK*nc fW| GOLDEN KM Cotomto KtfKft./Dwt* 17/11 Mir GOLDEN HARVEST Cotombo Kr»ch. Out*. 1/9 June CHINA SERVICE DAI YUN SHAN Mian A VESSEL HuanfPu Sh*ifh»i V
      556 words
    • 422 26 V BPHILI Oni€NT LIN€S PT( LTD HADCH.CC t3 ROB NSCN P3AD EAST/FAH EAST Fd A LCI SERVICE n* M. 1/5 m.n/5 BOMBAY, DONA. MUSCAT •AMRAIM, AM DHABI SUA* J AH, JEDOAH, hl';. yy M, I:? TAMATAVE LATTAKIA. BENGMA2) TIWOU. ALEXANONM. ./i-.'.i- 1 SERVICE itn- u ir r J ANKARA. BMW
      422 words

  • Page 27 Advertisements
    • 947 27 NEPTUNE AGENCIES PTE. LTD. F o*n*ral Enquiries: T»l: *****77 TMM CPS BOOKINGS ■mum *****3 FE EU/AUST TPA/SEA S: vtsm mac *****19 27W116 *****11 27W48 p Mmi NEPtINE SDN. BHD. 3M1887 17m I K.L«npur NEPIINE SON. BHD. 2U4H3 iNNARD outward NEPTUNE ORIENT LINES LTD IS KSS:S SST^ 1 WUI MR EAJT/EUROPE
      947 words
    • 518 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG, BUSAN. INCHON STRAITS/KOREA SERVICE Vetief's Name ETD BS BKK S PORE PKELANC •Clor.a/«MN 14/04 21/04 In Port 03-04/05 M Enterprise®** 2VW 07/05 10-12/05 13 14/05 No Donjm/IO3N 30AM 16/05 1» 21/05 22 23/05 No I Donam/WN 09/05 22/05
      518 words
    • 693 27 r SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P£NANC P. KEUNC MESSRS HAI THONG SHIPPING 127 Penang Straet Pwung. Malay** M/S HANDIING SYSTEM CO
      693 words

  • Page 28 Advertisements
    • 255 28 SINGAPORE SHIPPING jM* CORPORATION (PTE.) LTD. TEL 225-6868 (30 bnesi FAX *****39 *****76 TELEX RS ***** A/B SSCMA. RS ***** A B SSCAD VE.B DEUTF RACHT/SEEREEDEREI RQSTQO gglUjjjg Q2l EEiS3 D831H52J1 RUHUNO 3M WILHELM PtECK UU U/5 *5 a/5 "•Accepting cart* for Hani Kong, Buun. Tokyo and Kate. REGULAR CONVENTIONAL
      255 words
  • Page 28 Miscellaneous
    • 178 28 Regional Weather it m i Wi I "S I Vl m C' 4 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c^' Wind direction with speed m knots Wove height LEGEND R Thunderstorm Temperature c X\ w Show r Weather Wind direction with speed in knots Rom >—
      178 words

  • Page 29 Advertisements
    • 532 29 FARGO SHIPPING COMPANY (PTE) LTD. No 15 Hoe Chiang Road •'l3-02 Sanford Building. Singapore 0208 Tel *****22 Tlx ***** FASCO ABC CONTAINERIZE N.V. WE HAVE 60T THE FASTEST TRAHSIT TIME TO AUSTRALIA! HEXT VESSEL: THT EXPRESS 200 ETA 0/5/00 Only 7 days to Fremantle Only 12 days to Melbourne Only
      532 words
    • 199 29 >csp\ CSP SHIPPING AGENCIES PTE. LTD Tel *****66 (16 Lines) Fa* *****15 FIXED CONSOLIDATION SERVI FCL/LCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELUNG, KAOSHIUNG, MANILA, BUSAN, TOKYO/YOKOHAMA KOBE. OSAKA, FELIXSTOWE, HAMBORG AU EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations ACCEPTING FCL/LCL AND CONVENTIONAL: MV litabona Voy
      199 words
    • 425 29 Sg jfAT CONVENTIONAL WHARVES RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdna FCL Kowtoon Boy HtnwAc* Inzener Yom PV Tovstyfch Ad Goecfcorov Tokori H B Pwogo i Value B Mtloti S'pore Joyo Or Freedom Y Prosperity Aero Aust E Grace E Sunn it K Konevskry Uni Fortune Containers under
      425 words
    • 189 29 m UNIPACIFIC TRANS TRADING AGECY PTE. LTD. iDjIRAQI LINE l) |R»o' S'4Tf INTfRPRtSf »0R «A*'TlMt TRANSPORT WEST BOUND SERVICE W BABYLON 30/5 THROUGH B/li to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA lAC I REEFER SPACE AVAILABLE UPTO AQABA LOADING CONTAINERS/CONVENTIONAL CGO FOR MAIN PORTS IN JAPAN ON INOUCEMENT
      189 words

  • Page 30 Advertisements
    • 346 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** vi- I \s I I K\ \K I I\ 1 K. I I I) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Moji •Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG,
      346 words
    • 338 30 CGI FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/CULF/CANADA/WEXICO AND FRENCH WEST INDIES For Halifax, Montreal Toronto, New York, Baltimore, Portsmouth, Norfolk, Savannah Alto serving Gulf Miami. Mobil*. New Orleans. Houston/Me itco Vera Cruz. Mexico City/FRENCH W. Indies Port De France. Pointre A. Pitre, Degrad D. Cannes
      338 words
    • 219 30 I REGULAR TSR SERVICE TO i KABUL/HAIRATON/ 1 TOR6/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDONj MARSEILLES «mm» artm m nt in Tel: *****88 (8 Lines) Tlx: RS ***** Tatsumi Marine DMECT SAJUNG TO PAPUA NEW GUINEA I Direct call to other ports subject to inducement (also accepting
      219 words
    • 610 30 CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 •04-*****2/4, *****3 107-*****8 07-*****3, *****5, *****0, *****1 (02-*****22 *****88 /M FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE ■JwrvM ■Ji.'VM.r.sa rrn ►•ii jH i: 3 6 BUTANC 441 JUTLAND** I "L" OTHER DESTINATIONS: AAftHUS. AMSTERDAM. ANTWERP. BASU. BREMEN
      610 words