The Business Times, 9 May 1988

Total Pages: 34
1 34 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, MAY 9, 1988 75 CENTS
    11 words
  • 632 1  -  By CHUANG PECK MING AN EAGERNESS to protect the strategic interest of the US and a desire to change Singapore to reflect the American democratic system were possible reasons for the superpower s meddling in Singapore s politics, First Deputy Prime Minister Goh
    632 words
  • 572 1  -  Sharp increases in product By SHOEB KAGDA PEPPER PRICES have taken a sudden tumble during the past two months, marking what traders believe to be the end of a five-year period during which prices were "too high for too long". Sharp
    572 words
  • 189 1 AP THOUSANDS of Chinese schoolchildren won't have textbooks this autumn because of a worsening paper shortage, an official newspaper reported yesterday. The China Daily said the shortage resulted from the rising cost of making paper, hoarding by speculators who resell paper for profit, and a
    AP  -  189 words
  • 321 1 AFP TAIWAN'S government is studying the feasibility of allowing its private companies to trade directly with the Soviet Union and Vietnam, Economics Minister Lee Ta-Hai was quoted as saying in Taipei yesterday. Newspapers said Mr Lee told the government-owned Central News Agency last
    AFP  -  321 words
  • 256 1 Bernama THE Ms 22 MILLION underground food storage project approved by the Johor state government recently is in keeping with efforts to turn Johor into a primary food producer in Malaysia, State Economic Planning Unit (UPEN) director Datuk Ishak Mohamed Yusof
    Bernama  -  256 words
  • 112 1 Reuter MARGARET THATCHER. 62. already Britain's longest serving Prime Minister this century, has suggested that she might aim to run the country till the year 2000 She said she hoped to stretch her record-breaking run as the country's leader at least to a fourth term in
    Reuter  -  112 words
  • 510 1 Reuter A BRITISH property boom has stormed on into 1988, defying predictions that last October s stock market crash would halt a sharp rise in home prices. Many analysts now see no early end to a spiral which could have far-reaching
    Reuter  -  510 words
  • Page 1 Advertisements
    • 335 1 Need a housing loan? (All FOONG 737-7977 UatJ Wfcy (bong Mortgage And Finance (S) Lid A wholly-owned subsidiary of Hongkongßank 6 Claymore Hill #03-01 Claymore Plau Singapore 0V22 MANAGEMENT ABOUT 95 per cent of American companies are classified as family businesses and this dominance is characteristic of most non-centrally planned
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    • 285 1 E 03 WEATHER MONEY ft EXCHANGES COMMODITIES AIRCRAFT SCHEDULE 13 16 12, 13 6 CROSSWORDS TV ft RADIO BRISTOW DOOMESBURY THE US is moving towards the announcement of a multi-billion-dollar international aid programme to help the beleaguered government of Philippine President Corazon Aquino, a US official said in Washington last
      285 words
    • 72 1 _{+=>_,})(@_-+}]&_{*/]'!?\_:-[- NOW NAGOYA! 4 ft; i -y Elegant enduring symbol of the Sagoya Castles former glory the legendary Hsh of pure gold KAGOSHIMA TOKYO NAGOVA OSAKA JAL adds another f new destination Nagoya. y Now, two flights a week every Monday and Thursday departing at 1.10 am. Whichever day you
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  • MANAGEMENT
    • 1506 2  -  About 95 per cent of American companies are classified as family businesses and this dominance is characteristic of most non-centrally planned economies. FRANK TILLEY, head of a Canadian leather enterprise in Toronto, talks about the factors that make family businesses work or fail. FRANK TILLEY
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    • 503 2  -  By LILY FERNANDEZ INNOVATIVE small and medium enterprises (SMEs) which want technological and financial aid to help hatch and develop their creative ideas can make use of two government programmes one specifically set up for this purpose. The seven-month-old Research and Development Incubator
      503 words
    • 773 3 Spotlight on Management NEXT TO THE SHAREHOLDERS, most businesses will look to their bankers for their funding requirements, but how many businesses really know how to go about getting a loan? An approach to a bank for a
      773 words
    • 1467 3  -  In his two years at the helm of Inchcape PLC, George Tumbull, chairman and chief executive, has turned the once-sprawling colonial trader into a tightly-managed, international services and distribution group. In London, ALAN LEE, Companies Editor, interviews the man who pulled an old-fashioned
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  • Page 2 Advertisements
    • 195 2 Orchard Road Only one first class hotel is right in the middle. The Crown Prince Hotel. Completely surrounded by the vivid colour and constant excitement of Orchard Road. It is indeed the crown in the jewel". All around, in eveiy direction, there are stores and shopping centres, banks, business houses,
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    • 41 2 How economical is your phone system? Unlike other key phone systems, all Goldstar key phone systems are highly effective, dependable and still very economically priced. Key Telephone Systems ASIA RADIO SINGAPORE PTE LTD, 41 BENCOOIEN STREET, SINGAPORE 0718. TEL 336 3477.
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  • Page 3 Advertisements
    • 225 3 Welcome to Spotlight on Management, BT's weekly column which will attempt to answer your questions on management issues of concern to you. Your queries will be handled by experts from Ernst Whinney Consultants. To get the series going, we have taken the liberty of posing questions frequently asked by managers.
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  • Page 4 Advertisements
    • 194 4 A Club where you don't have to be a member? A Happy Hour that'd not judt a Happy Hour? Sounds logical to me. GROUCHO: Say, wanna discuss that deal over a drink after work at the Club? STRAIGHT MAN: The Club? What Club? GROUCHO: The Club at the Marco Polo.
      194 words

  • OVERSEAS
    • 342 5 AP A SPOKESMAN for US Vice-President George Bush says the apparent Republican presidential nominee meant nothing derogatory when he called Democratic contender Jesse Jackson a "hustler". Democratic front-runner Michael Dukakis, meanwhile, added to his "super delegate" totals by picking up
      AP  -  342 words
    • 223 5 UPI US ATTORNEY-GENERAL Edwin Meese accepted free air passage or lodging from non-profit organisations a dozen times in 1985 and 1986, a published report said yesterday. The Daily News in New York quoted financial disclosure forms as showing that the highest US law enforcement official
      UPI  -  223 words
    • 388 5 International appeal for funds possible, says paper AP THE UNITED STATES is moving towards the announcement of a multibillion-dollar international aid programme to help the beleaguered government of Philippines President Corazon Aquino, a US official said in Washington last Saturday. The programme which has been
      AP  -  388 words
    • 364 5 AFP POLLING in the second round of France's presidential elections began without incident in Noumea, New Caledonia yesterday, the French High Commission in New Caledonia said. Some 124 of the 137 polling stations in the French South Pacific territory were
      AFP  -  364 words
    • 256 5 UPI A SENIOR Japanese lawmaker said that if Japan's businesses pursued more direct overseas investments, it would improve US competitiveness, reduce indebtedness in developing countries and expand imports to Japan. Tetsuo Kondo. former direc-tor-general of the Economic Planning Agency, told a New York University seminar
      UPI  -  256 words
    • 255 5 Reuter EFFORTS to end a Solidarity strike at the Lenin shipyard in Gdansk, Poland, hung in the balance yesterday after Lech Walesa and the workers stood by their demand for recognition of the outlawed trade union. "We strike on," Mr Walesa was reported
      Reuter  -  255 words
  • Page 5 Advertisements
    • 197 5 Paris? For only US $37 a night? > ((>nlv Ilk. r*iviK*li \\t hi Id haw tlicchk'.) One of the only good excuses not to visit Paris, is that it is, as you'd expect of the world's most stylish city,.. ,'ow you say.. .expensive. Or rather, it was. Because, if you
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  • Page 5 Miscellaneous
    • 40 5 iPUKB THAT is-ruma MO&than anything LajTH&a INTHEtUORLP, NICOLB. BY GARRY TRUDEAU NEXT HJEEKENP* UH...6ea,1 PONT KNOW. TLLHAVB TO CHECKUHTH MYMIFB... 1 5? m check turm mujiFt. RJGHT. YOU KNOW, MiK&, ITS POS&BLZ YOUKENJT REAP/FOR* WIS. H m H S s
      40 words

  • FOCUS
    • 1047 6  -  The improvement in ties between Washington and Moscow has inevitably widened beyond the political arena. Last month, US officials and executives of leading American companies travelled to Moscow for a meeting devoted to improving bilateral trade ties between the two superpowers. Among
      NYT  -  1,047 words
    • 404 6 AP LESS THAN A MONTH before the summit in Moscow. Washington has been hit by a deluge ot Kremlin advisers issuing reports, shaking hands and posing for pictures with American politicians. academics and journalists. The Soviets have been refining their techniques for wooing
      AP  -  404 words
    • 916 6 ARRIVALS Operator Service Local From number time SU SQ23 0755 AMS/BOM MAS MH640 0820 KUL SIA SQ27 0625 CPH/FRA StA S043 0835 DHA MK MK/ 0855 MRU/KUl SQ742 MAS MH651 0910 PEN MAS MH607 0920 KUL SIA SO 103 0950 KUL SU S0917 1000 CPH/DXB CPA CX710
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  • Page 6 Advertisements
    • 262 6 1 r»S.i M J .ii; ■.:'<■»■ *sF\oyy r <jy/\ ~C^ fcs* 0 fri# 1 #€l V. iMN<* V < -'I* VV. t lul .r 7 ry» ,f jJ&TZM <*£'s*T*C 'i-j.' oB ip f3SOS 71 X MT» if 81 Tl< m II In this beautiful Inn, we serve you very warm
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    • 58 6 I II A/ I Tl ">e bts~ess pe'scrs e.e-v I I II \I I II I ndoy I 1 VI I II I V leov»~a Oa'-o A 'DO'* a* 2/05 1 ■"V- yj- *X)U'S cd Of H»>a'TOvi M"v f c ~.rg r r r~ c j'i vo l t 'Ovp
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  • Page 7 Advertisements
    • 877 7 Wty Compaq sales reached US $1 billion faster than any other companys in history Business records and Compaq Computer Corporation are no strangers. We achieved the highest first-year sales of any company in American business history. In our fourth year of operation, we broke into the ranks of the FORTUNE
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  • THE ARTS
    • 473 8  -  By LISA LEE WHILE Goh Choo San s Beginnings still remains a wellguarded work kept close to the young heart of the Singapore Dance Theatre (SDT), a sneak preview of selected items from the group's debut performance allowed the dancers to show off
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    • 303 8  -  -*r TON HAI LEONG CHARLES Chaplin's The Gold Rush is considered his second best early wort after The Tramp (1915). Like its predecessor, the story of the Yukon gold rush in Alaska is a masterpiece of comic imagination which can only be conceived. directed
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    • 657 9  -  By SHAUN KOH WHEN PIANIST Fou Tsong performs, each phrase is so evocative and arousing that it is almost unbelievable. His musical statements are powerful and the result is as magical as a page from C S Lewis Tales from Narma Fou will perform with t»-e
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  • Page 8 Advertisements
    • 103 8 Night As you can see, our daily flights to Bangkok are as regular as your three main daily meals. As perfectly timed too! But they are far from routine. Because Qj on board, youll experience our famous soRoyal Orchid Service. With the sort of charm and grace that comes c
      103 words
    • 69 8 V 5 £5f i Hope stall I lingers.. S Hour J Famine I Call *****19 WORLpf VISION m t. WJ£S. I want to be a: 'jr Lifesaver Organiser Lifesaver in the 30 Hour Famine I want to know more about World Vision and the 30 Hour Famine. Please send me
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  • Page 8 Miscellaneous
    • 645 8 CRYPTIC PUZZLE ACROSS 1 Where the prisoners had. at the very least, a flag (5) 6 Foreign monarch's rule? (5) 9 No slipper! (3-4) 10 It's for putting on and wearing! (5) 11 He makes you think there's no ink! (5) 12 Name of the states between the South and
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  • Page 9 Advertisements
    • 498 9 rX"! -t— PI p K HYATT KINABAIU m m T 9 y fc* fefii BALI HYATT When it comes to organising an efficient conference, we're all ova the place. The last thing you need when you set up an important conference, is to be let down by inadequate service or
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  • Page 9 Miscellaneous
    • 1188 9 to ao© aaao© IBJI2 PM Opening and Programme Highlights followed by Call Me Mister. In this episode, Jack meets Ben Fisher, a lawyer who wants Jack to trace Jimmy Mathews, who is somewhere in England. Adam Smith's Money World. Sporting Oass A Frame With Davis. Steve Davis appears in this
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  • PERSPECTIVE
    • 1158 10  -  During the six months that Japan's Prime Minister Noboru Takeshita has been in office, he has already weathered two political crises, solved a major trade issue and undertaken an ambitious schedule of trips abroad. But he has also been criticised for
      AP  -  1,158 words
    • 332 10 AP JAPAN is meeting its defence responsibilities under a 1981 agreement with the US and is undeserving of a recent wave of criticism in some Congressional circles, a US official says. Richard L Armitage, Assistant Secretary of Defence, told a Friday meeting of the
      AP  -  332 words
    • 426 10  -  By LEE SU-WAN Reuter KIM DAE-JUNG. South Korea's best-known dissident, is trying to bury his populist firebrand' image and protect himself as a political moderate following his party s big election success. In the new, fluid political climate in Seoul. Mr Kim is
      Reuter  -  426 words
  • Page 10 Advertisements
    • 611 10 Singapore Conferences on International Business Law Conference 4: GO m CURRENT DEVELOPMENTS IN INTERNATIONAL BANKING AND CORPORATE FINANCIAL OPERATIONS 18-20 AUGUST 1988, PAN PACIFIC HOTEL, SINGAPORE by Sponsored by IMMOiI tfaflK LtOf < CONFERENCE PART I: MODERN FACILITIES IN BANKING Keynote Speaker: The Honourable Tun Mohamed Suffian, Advisor, Standard Chartered
      611 words
    • 293 10 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
      293 words
  • Page 10 Miscellaneous

  • Page 11 Advertisements
    • 114 11 r jiii '-7 \wf Hop aboard the Orient Express, our exciting new short-term car rental scheme, our brand new Nissan Pulsar or Nissan Sunny models. Our Orient Express scheme is the perfect complement to our well-established term rental service. And, of course, you expect the best possible personal and reliable
      114 words

  • COMMODITIES
    • 221 12 Rubber KL Tin Bernama ES THE KUALA LUMPUR tin market closed three cents higher at M 517.38 per kg last week in quiet trading on continuous lack of interest. The market which was closed on Monday due to the labour day holiday, opened two cents lower on Tuesday following poor
      Bernama ES  -  221 words
    • 338 12 Bernama Crude palm oil futures on the KLCE closed mixed to easier in moderately active trading with spot month May down Mslo to M 5945 per tonne last week The week started off with prices rebounding from an initial fall on light covering and speculative buying. India's purchase
      Bernama  -  338 words
    • 169 12 Chinese Produce Exchange S«ll«rt' noon doting prlcot on May 7 (SS/100 kg) Coconut oil Bu* FOB 107.00 Od drum FOB 117.00 Now drum FOB 121.00 Copra Mlxod (loot#) 61 Pepper Muntofc wMto FOB NLW 1077.50 Sarawak wtih* FOB faq NIW 1062.50 Sarawak »p»elal black FOB NIW 655.00 Sarawak
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    • 305 12 London Commodity Exchange &uy*r/S*ll«r closing prices on May 6 (£/tonne unless specified). Previous closing prices in parenthesis. Coffe* Basis in-stofe London, sellers option CIF London May 1055/1058 0046/1047) High/Low 1058/1045 Jul 1078/1079 (1069/1070) High/Low 1080/1067 Sales (4106) Cocoa May 908/910 (906/908) High/Low 910/903 Jul 927/928 (928/929 High/Low 933/925
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    • 181 12 Reuter SOYBEAN FUTURES on the Chicago Board of Trade closed with gains of 1-1/2 to 4-1/4 cents a bushel in moderate trading. May settled three cents higher at U556.92-1/2. I Prices stayed firm throughout the session on steady commission, local and professional house demand. traders said. Light commercial selling
      Reuter  -  181 words
    • 225 12 Reuter WHEAT FUTURES on the Ghicago Board of Trade Closed on a firm note with prices up one to three cents a bushel. July settled 1-1/4 cent higher US$3.O7-1/2 after finding support at US$3.O4. Commercial pre-week-end and scale down buying in a market thought by many to be oversold
      Reuter  -  225 words
    • 1115 12 THE FAILURE of oil producers to agree on a concerted reduction in exports led to a sharp fall in oil prices, which in turn depressed beginning prices as London markets reopened on Tuesday after a long weekend. North Sea Brent prices fell
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    • 127 13 AFP THE MOST serious drought in 100 years has hit central China, leaving 1.3 million people desperate for drinking water, the official New China News Agency (NCNA) has said. Since April, temperatures have hovered around 38 degrees C (100 degrees
      AFP  -  127 words
    • 416 13 AFP VIETNAM will sign its first oil exploration contract with a company from a non-communist country India's Oil and Natural Gas Commission (ONGC) at the end of this month, the General Oil and Gas Department said in Hanoi last week. Meanwhile, a
      AFP  -  416 words
    • 223 13 Bernama ES THERE ARE now eight local traders operating on the Kuala Lumpur Commodity Exchange (KLCE), more than a month since the exchange opened its doors on March 30 to individuals trading on own accounts. Industry sources in Kuala Lumpur said last
      Bernama ES  -  223 words
    • 226 13 FT THE INTERNATIONAL Energy Agency (lEA) has raised its estimates of oil demand in the non-communist world this year by 300.000 to 49.5 million barrels per day (bpd), a fairly modest increase but one which will give some hope to Opec
      FT  -  226 words
    • 345 13 Supply may rise to 5,000 tonnes soon AFP THE MALAYSIAN Rubber Development Corporation (Mardec), which markets rubber for smallholders and traders, guarantees that it will meet consumer demand for latex. Mardec chairman Abdul Hadi Derani said in Kuala Lumpur last Friday that the board was
      AFP  -  345 words
    • 167 13 Reuter ALTHOUGH an historic meeting of Opec and non-Opec oil producers failed to produce an immediate cut in output, the rival groups may have succeeded in temporarily stabilising US oil prices above US$l7 a barrel, say US analysts. US benchmark crude West Texas Intermediate
      Reuter  -  167 words
    • 360 13 Bernama ES MALAYSIA has urged Italy to take the necessary steps to ratify the second International Natural Rubber Agreement (INRA II), which is due to come into force early next year. In making the call. Foreign Minister Datuk Abu Hassan Omar said it
      Bernama ES  -  360 words
    • 238 13 Reuter NORWAY'S minority Labour government had presented a White Paper to parliament. formally seeking approval for early development of the Heidrun field off central Norway, the Oil Ministry said. An early development phase of the Heidrun oil and gas field on Haltenbanken would mean
      Reuter  -  238 words
    • 220 13 Reuter CHINA'S 1988 wool imports may fall slightly from last year's levels because of high world prices, but serious domestic shortages will keep it on the international market, say Western diplomats in Beijing. Customs figures show wool imports at 27,509 tonnes in the first two
      Reuter  -  220 words
  • Page 12 Advertisements

  • Page 13 Advertisements
    • 307 13 Seventy percent of Noel Hampers Gifts' total annual sales is dependent upon the company's performance during the Christmas and Chinese New Year seasons. In these months, when holiday gift-giving reaches its peak, Noel sells and delivers up to 3,000 gift hampers each day. Many customers request next-day delivery. Quick turnaround
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  • Page 13 Miscellaneous
    • 71 13 Max/ Note !l 27/17 Cleor 23/06 Cloudy 14/10 Cloudy 33/23 Roin 24/17 Clear 21/13 Roin 20/07 Cloudy 16/11 Rain 17/11 Cleor 37/26 Sumy 25/16 Showtn 24/14 Clear 28/18 Clear 26/12 Cloudy Moscow Nassau New Delhi New York Nicosia Oslo Porh Refill Rio 'Janeiro Rom# San FrH'co San iuan Sonfiogo Soo
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  • SPORTS & LEISURE
    • 303 14 AFP CO-FAVOURITE Winning Colors broke out in front at the starting gun and led the entire race to become only the third filly to win the Kentucky Derby on Saturday the first step towards winning horse racing s "Triple Crown". "I'd really like to salute
      AFP  -  303 words
    • 140 14 AP IN FOUR PLAYOFF GAMES, the Seattle SuperSonics shot 53 per cent from the floor and didn't fall below 50 per cent, but Denver Nuggets coach Doug Moe figured the hot shooting had to end sometime. It finally did on Saturday. Shots
      AP  -  140 words
    • 318 14 Reuter THE NEW ZEALAND challenger for the America's Cup has rejected Australia's bid to take part in an elimination series to decide who will meet the US holders of the yachting trophy. Merchant banker Michael Fay yesterday turned down lain Murray s bid
      Reuter  -  318 words
    • 425 15  -  By CLAIRE LEOW HELEN GILBEY slashed 18 seconds off her own record yesterday in Westin Stamford's second vertical marathon with a time of 8 min 46 seconds which could go down into the Guinness Book of World Records. The teacher from the College of Physical Education had
      Photo by JACKY HO  -  425 words
    • 161 15 UPI ANDRE AGASSI, on a roll that could carry him to the top of American tennis, won his third match in 19 hours, beating Aaron Krickstein in straight sets on Saturday to reach the final of the Eagle Tournament of Champions. Returning to
      UPI  -  161 words
    • 151 15 AP SECOND SEED Gabriela Sabatini of Argentina and No 14 Helen Kelesi advanced to the final of the US$2OO,OOO Italian Open Women's Tennis Championships with straight-set victories on Saturday. Sabatini, the favourite following the withdrawal of top-seeded Chris Evert, staved off one
      AP  -  151 words
    • 417 15 WITH THE PRESSURE OFF and nothing to play for but national honour, Liu Wai Yaw finally played closer to his capabilities as the Republic went down 5-0 to Hongkong in the ill-fated Davis Cup Asia-Oceania Group 11 semi-final at the colony's Jubilee Sports Centre
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    • 331 15 WARREN GOLF CLUB stayed on course for a historic double in the Premier and Handicap League golf championships, garnering top points in both categories on the penultimate day of competition. With one round to go in both leagues. Warren extended its lead in the
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    • 233 15 AFP MASAHIRO KURAMOTO s fine run in the European Matchplay Championship ended in the quarter-finals in Chepstow on Friday. Japan's first competitor in the event suffered an expected defeat at the hands of South African Mark McNulty, seeded five places above Kuramoto at two. McNulty. the favourite
      AFP  -  233 words
  • Page 14 Advertisements
    • 274 14 i < 4 COURYOISIER XO~Where to eat, drink... V- -V /fcr the health-conscious, weight-watchers or simply lovers of greens, we present you Daily from 11 am to 2pm at Cafit Vienna For $8.90 you can tuck into more than 35 varieties of salads, eight dressings, eight condiments, soups, breads, mils
      274 words
    • 203 14 HAINANESE FOOD PROMOTION HAINANESE CUISINE, a real feast for those in the know, at DONDANG SAYANG, 6th-15th May. Select from: Stewed Streaky Pork with Salted Fish Lamb Hot Pot with Chinese Herbs Steamed Mince Meat with Egg Pig Trotters Stew with Chestnuts Hainanese Mixed Vegetables Sweet Dumplings Red Dates with
      203 words
    • 284 14 MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected oudets, 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
      284 words
    • 246 14 SOOTH EAST ASIA BUFFET! i>\ Cafe Plaza 1 15 MAY 1968 Come savor the exotic flavours of Malaysia, Thailand, Philippines, Brunei, Indonesia, Burma, Singapore and Vietnam. It's a taste extravaganza from our superb starters to our divine desserts. And as the menu changes daily, you 11 sample something deliciously different
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    • 171 14 NEHTO Catch the excitement and fever of Singapore's richest annual fashion and glamour event. SEMI-FINALS Model of The Year April 26,29 Male Model of The Year May 3, 6 Discovery of The Year May 10, 13 (all starting at 9 pm) ■ii \m i For reservations call *****11 ext 721,
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  • Page 15 Advertisements
    • 538 15 and entertain 4 übertua (^rill m i •t- JT So much to choose for only $21.50 A sumptuous spread with many diferent types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, fortes...cheese board, fresh fruit...freshly brewed coffee. All for $21 50 And for $27.50 you can
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    • 28 15 •y' msmaxm I" >10HKHQBnHD>' I L s• |j&£ hmhmi wmWM w&z ■H i§yii& I E DDNOT END WITH THE EMPEROR Si a •I I ■J f'~ i m
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  • MONEY AND EXCHANGES
    • 916 16  - 'I didn't do it but you did' MOB®™ by PAUL FRANKLAND THE WHOLE idea of making, selling or supplying things to the public is to make a profit. But unfortunately, doing business also exposes you to a risk that could land you with substantial losses instead. If your goods or
      916 words
    • 364 16 Gold Financial futures WITH little fresh impetus to stimulate activity, gold bullion prices eased lower to finish the week on a softer note. At New York's Commodity Exchange, spot gold last traded at U*****.70, down about $7 over the previous week's settlement. Precious gold initially rallied last Friday, following the
      364 words
    • 221 16 ASIAN CURRENCY average deposit rote* for 1 fhe week ended May 6 BIO PRICES High Low US S 7 day* 6 IS/16 6 3/4 1 month 7 1/16 7 2 monthj 7 3/16 7 1/8 3 months 7 1/4 7 3/16 6 months 7 1/2 7 7/16
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    • 448 16 Reuter SOME OF THE WORLD s biggest banks are trying a new tack to get reluctant smaller institutions to keep lending money to the Third World. In a complex rescheduling of US$2.5 billion of Ivory Coast debt, they are trying
      Reuter  -  448 words
    • 1664 16 AFP NERVOUS anticipation preceding the publication of US employment figures again paralyzed trading in the dollar sector. Following the politically-charged weakening of the Canadian dollar and the oil-price-de-pressed pound, it was the Australian dollar's turn to stage a rally despite repeated intervention by the Australian Reserve Bank. The
      AFP  -  1,664 words
    • 484 16 Indicates the average of the prime lending rate* of 12 major banks in S'pore PLR of bonks of the dose of business on Friday, May 6, as supplied by the Association of Banks in Singapore. BANK PLR (%> Algemene Bonk 6% Allied Irish Bank PLC 6 American
      484 words
  • Page 16 Advertisements
    • 395 16 PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1987 The Board of Directors wish to announce the Audited Results of the Group and the Company for the Year Ended 31st December 1987 as follows: THE GROUP r 1986 I $*000 40.063 1,145 THE COMPANY >Chan|)e S Turnover
      395 words
    • 9 16 IB BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106
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  • BANKING AND FINANCE
    • 325 17 New name in private banking in Singapore SECURITY PACIFIC Merchant Bank, a unit of the Los Angelesbased Security Pacific National Bank, is the latest entrant into Singapore s private banking market Its new office, to be located in the Hongkongßank
      325 words
    • 570 17 NYT THE CHAIRMEN of the Irving Bank Corp and the Bank of New York each predicted victory last Friday after a proxy contest at Irving s annual meeting Preliminary results of the voting on the rival slates of 16 directors will not be
      NYT  -  570 words
    • 182 17 TWO NEW BRANCHES of DBS Bank its first offices to be located alongside the MRT tracks will open their doors for business today. Both branches, located at the Tiong Bahru and Clementi stations, will operate from 10am to 6:3opm on weekdays and
      182 words
    • 554 17 NYT CITICORP last Friday became the third major banking company to withdraw from the pension management business this year Citicorp announced that it had agreed to sell its domestic institutional asset management group for U*****.5 million to a unit of the USF&G Corp, an insurance
      NYT  -  554 words
    • 180 17 Bernama ES TOTAL DEPOSITS placed with the Malaysian banking system increased by MsB7 million, or 0.1 per cent, in January from the previous month. Bank Negara Malaysia announced in Kuala Lumpur last week But loans' expanded by MS2OB million leading to a resource
      Bernama ES  -  180 words
  • Page 17 Advertisements
    • 183 17 An Instant Office lb Start Your Business Right Away At Bok's Business Centre, we take all the hassle out of starting a business of your own, K so that you'll get a m running start. i||9 TYoublesome things m like hiring staff, paying j their salary buying I expensive office
      183 words
    • 242 17 INDUSTRIAL LAND FOR LEASE/SALE Invest in One of Johor's Prime Industrial Land Located in the heart ol the long established Tampoi Industrial area, it is directly accessible through the Tebrau Highway. Strategically situated to facilitate your business requirements, it is only 10 minutes drive to Johor Bahru town 15 minutes
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  • STOCK EXCHANGE OF SINGAPORE
    • 5188 18  -  Singapore By MAGDALENE NG THE SINGAPORE stock market closed the week higher although trading was subdued. During the holiday-short-ened week, the Straits Times Industrial Index climbed 10.12 points to close at a post-Crash high of 976.06. The broaderbased BT Composite Index finished 10.40 points higher
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  • MARKET REVIEWS
    • 221 19 M oy 2 May 3 May 4 May 5 May 6 BT Comp 1 C osed 855 78 860 02 861 16 860 65 BT OB OS 10 C osed +146 +15! +60 +47 BT CADI 11 C osed 6859 6844 -6857 6857 BT 10 day av
      221 words
    • 80 19 May 2 May 3 May 4 May 5 May 6 NST Inds 1 Closed *****4 1579 94 1584 87 1589 II NST Finance 5 Closed 2280 72 2292 79 2297 85 2300 96 NST Hotels 5 Closed ***** ***** 601 05 601 27 NST Prop 3
      80 words
    • 147 19 Closing previous Closing week 1988 High 1988 Low BT Comp lnde« 860 65 ***** 86M6I5 5 88) 737 83(4 I 88) ST Ind Index 976 06 ***** 976 06(6 5 88) 833 61 (4 I 88) NST Ind InOe* 1589 11 157C40 1570 40(29 4 88) 1305
      147 words
    • 182 19 THE Kuala Lumpur stock market advanced on its own steam last week in the absence of fresh overseas leads, with activity spilling over to property and financial issues. The market was closed on Monday for a public holiday. Overall, prices in the
      182 words
    • 420 19 New York AP THE ECHOES of the October stockmarket crash have given way to an uneasy silence on Wall Street It seems, traders and analysts say. as though just about everybody who wanted to get out of stocks after the collapse of the 1982-87
      AP  -  420 words
    • 597 19 Hongkong DBS Securities HK THE HOMGKONG MARKET was volatile last week with wide swings m the Hang Seng Index. Interest in the market heightened with the average daily turnover increasing to HK51,134.53 million compared with the previous week's HK5961.67 million. The Hang Seng
      DBS Securities HK  -  597 words
    • 205 19 AFP FALLS in commodity prices, a sharp rise in the Australian dollar and worse than expected inflation figures depressed demand on the Australian share market last week, which led to a 2.3 per cent fall in the value of the market. The All Ordinaries Index
      AFP  -  205 words
    • 195 19 AFP SHARE PRICES were mixed on the Tokyo Stock Exchange last week with the Nikkei Stock Average losing and the TSE composite index inching up. The 225-blue chip Nikkei Average, a key market indicator, closed out the holiday-shortened week at 27.487 77 yen on
      AFP  -  195 words
    • 605 19  -  London From RAY HEATH THE conflicting currents which have left British share prices drifting backwards and forward over the same territory were in balance again last week Share prices continued to bob around the 1,800-mark from which they showed no sign of breaking away. When
      605 words
  • Page 19 Advertisements
    • 47 19 Spain's No. 1 Fashion Shoe COPPER CATHODES AVAILABLE We have available with us in S'pore 800 tons of Prime Virgin Copper Cathodes of 99.95% purity. Interested parties please contact: MR ALI HASAN CHEMET HANDEL TRADING (S) PTE LTD TEL: *****83 TLX: RS ***** CHEMET FAX: *****23 j
      47 words
    • 6 19 More market reviews on Page 21
      6 words
    • 834 19 NOTICE NOTICE IS HEREBY GIVEN that I Lawrence Adrian Latiff of Blk. l-D Gillman Heights #03-39 Singapore (0410), has applied for a First Class Public House (Ext) (TH) licence in respect of premises at M/s Chateau at Scotts at 45 Scotts Road Singapore 0922. and that this application will be
      834 words
    • 817 19 NOTICE NOTICE IS HEREBY GIVEN that, I Li Lap Fung, Richard of No 46 Dalvey Road Singapore (1025), has applied for a Retail liquor shop licence in respect of heard in Court No 1, Subordinate Courts, Havelock Road. Singapore on 14 June 1988 at 10.30 am. ANY PERSON wishing to
      817 words

  • COMPANY NEWS
    • 743 20  -  Week ended May 6 compiled by JULIANA TAY SCRIP ISSUES Gty Dev: Proposed rights issue of one-for-five ot $l 50 per share UO F: Proposed rights issue of one-for-one at $1.20 per share CORPORATE DEVELOPMENTS Berjaya Corp (Malaysia), the largest shareholder in South Pacific Textiles
      743 words
    • 506 20  -  By LISA LEE THE URBAN REDEVELOPMENT Authority (URA) has postponed to August the tender award of the prized site beside the Raffles Hotel, leaving the three tenderers Far East Organisation, OG Pte Ltd and the owners of Raffles Hotel to wait in further suspense.
      506 words
    • 259 20 TRADING-BASED Bousteadco Singapore Ltd is upbeat about its performance for the current year after turning the corner last year with a net profit after tax of $1.87 million ($313,000 loss). Chairman RTS MacPherson said in the company's annual report that the improving trend of the latter
      259 words
    • 476 20 MBT UNITED ENGINEERS (Malaysia), which is expected to be relisted on the Kuala Lumpur Stock Exchange (KLSE) just after Hari Raya Puasa. has projected a hefty increase in earnings this year, thanks to the North-South Highway (NSH) project. For the current year ending
      MBT  -  476 words
    • 271 20 MBT KULIM (Malaysia) is looking forward to a brighter and more promising year, thanks to higher commodity prices, chairman Oatuk Mohd Ali bin Haji Hashim says in his latest annual statement He says the year has begun with firmer prices for palm products
      MBT  -  271 words
    • 258 20 MBT HOTEL and property group Faber Merlin Malaysia has come out with a proposal for the deferment of the redemption date of its remaining M 517.74 million 8.75 per cent convertible unsecured loan stock units 1983/87. In a circular to loan stockholders over
      MBT  -  258 words
  • Page 20 Advertisements
    • 299 20 Located at Tannery Lane and Genting Road, feature you don't often find in warehouses because it's brand new, all seven floors of this ware- It's called sunlight and it floods in through the large house are virtually loaded to the ceiling with features windows that surround the building Like space.
      299 words
    • 481 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 TOP CORPORATION (PTE) LTD. (In Members' Voluntary Liquidation) Special Resolutions At an Extraordinary General Meeting of the members of Top Corporation (Pte) Ltd. duly convened and held at 111 North Bridge Road #12-01 Peninsula Plaza. Singapore 0617 on 4th May 1988
      481 words
    • 431 20 NOTICES U5540,000,000 Negotiable Capped Floating Rate U.S. Dollar Certificate of Deposit due Ist November, 1990 The Sanwa Bank Limited In accordance with the provisions of the Certificates, notice is hereby given that for the three month Interest period from 9th May, 1988 to 10th Augusi 1988 the Certificate will carry
      431 words
    • 324 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PRIME-C HEM INDUSTRIES PTE LTD (MEMBER'S VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of PRIME-CHEM INDUSTRIES PTE LTD duly convened and beld at 40. Gul Circle, Singappae 2262. on the sth May of
      324 words

  • WORLD MARKETS
    • 1051 21 New York Reuter WALL STREET STOCKS on Friday fell for a third straight day in one of the slowest sessions of the year as the long-awaited April employment data failed to alleviate anxiety about rising inflation and interest rates, traders said. Weak dollar and
      Reuter  -  1,051 words
    • 1005 21 London Reuter SHARE PRICES in London on Friday stood towards the top end of the day's trading range in late business, encouraged by Wall Street's reaction to US April jobless data and supported by modest buying for the new account which begins today. The FTSE 100
      Reuter  -  1,005 words
    • 513 21 UPI THE UNITED Auto Workers UAW-Chrysler Council has approved a new 28-month labour agreement establishing full parity among workers at the big three carmakers in the United States for the first time in nearly a decade. The 190-member council met for nearly six
      UPI  -  513 words
    • 1164 21 Amsterdam MAY 06 FLS ABN Aagon Ahold AUO 37 60 75 90 70 40 109 60 0 2 -02 unch 0 8 Alranta AMEV Amro Bank As* Stad Barkal BOLS 151 50 52 00 64 00 ***** 13 10 125 00 -01 15 -02 0 4 -03 0 5 Borsumij
      1,164 words
    • 675 21 Reuter SWISS FOODS GROUP Jacobs Suchard AG has raised its stake in British confectioners Rowntree PLC to 28.67 per cent, but most Swiss investment analysts do not think it will try to compete with rival Nestle SA in a bidding war. S G
      Reuter  -  675 words
    • 137 21 Reuter TEXACO INC shares rose on Wall Street last Friday on speculation that its largest shareholder, corporate raider Carl Icahn. will make a bid for the company. Texaco gained 75 cents to US$52 125. "There's a lot of fast money that thinks a bid
      Reuter  -  137 words
    • 379 21 Reuter FRANCE s second largest insurance group, Cie Financiere du Groupe Victoire, aims to reinforce its foreign presence with acquisitions in Europe. Speaking in Paris last Friday, group director Bernard Beaupere said it would look mainly at the markets in which it was
      Reuter  -  379 words
    • 160 21 Reuter THE BOARD of Murray Ohio Manufacturing Co has rejected a US$4B-a-share offer for a negotiated acquisition by AB Electrolux of Sweden. The company said in Nashville last week that the proposal had been subject to Murray not making a public disclosure prior to acting
      Reuter  -  160 words
    • 203 21  -  MARKET REVIEWS From SHIRISH NADKARNI, AJIT AGHARKAR THE HESITANCY on the Bombay stock exchange seemed to have disappeared last week. The sharp gains recorded during the past few weeks had not only been sustained despite intermittent bouts of profit-taking, the market had also been able to take
      203 words
    • 104 21 ABN Bank THE trading volume of stocks fell further in Amsterdam last week, to a daily average of D Fl 352 million against D Fl 381 million in the previous week The general stock index closed at 245 2 on Friday, three points lower over the
      ABN Bank  -  104 words
  • Page 21 Advertisements
    • 175 21 Knight Frank Cheong Hock Chye Baillieu FOR SALE BY TENDER 25 Delta Road, Singapore 0316 A Quality Industrial Investment in Singapore Minutes from the Central Business District, it offers a strategic location for companies with distribution networks in and around the City area. New 10-storey building only 4 years old.
      175 words

  • LATE FILE
    • 34 22 Reuter WEST GERMAN banks are to finance the modernisation of the Soviet food and consumer goods industries with credits worth up to US$2 1 billion, Deutsche Bank said yesterday. Reuter
      Reuter  -  34 words
    • 45 22 UPI THE Soviet Union yesterday conducted an underground nuclear test on the Barents Sea island of Novaya Zemlya "with the aim of perfecting military technology". The blast had a yield of between 20 and 150 kilotons, Tass news agency said. UPI
      UPI  -  45 words
    • 34 22 Reuter THE Israeli High Court yesterday delayed the deportation of Palestinian-American activist Mubarak Awad by three days and ordered the government to show cause for his expulsion, a lawyer said. Reuter
      Reuter  -  34 words
    • 45 22 UPI POLICE in Spain have broken their own record by seizing more than a tonne of cocaine worth an estimated US$4lO million, the largest haul ever made in Europe. Authorities in Irun said yesterday that four people were arrested.
      UPI  -  45 words
    • 36 22 Reuter IRISH President Patrick Hillery arrived in Beijing yesterday. the first Irish head of state to visit China since the two countries established diplomatic ties in 1979, the China Daily said. Reuter
      Reuter  -  36 words
    • 49 22 Reuter AT LEAST 18 people were killed and 60 injured yesterday in fresh ethnic violence in Pakistan's biggest city of Karachi. Officials said 15 people, including four policemen. were killed and more than 50 injured in gun battles between rival Pashtun and Mohajir ethnic groups.
      Reuter  -  49 words
    • 53 22 Reuter A LARGE number of foreigners. including newspaper editors and journalists, authors and British peers, published an open letter to President P W Botha yesterday urging an end to restrictions on the South African media. The petition. published in South African newspapers, was signed
      Reuter  -  53 words
  • 696 22  -  Hongkong takes first place By TONG SUIT CHEE SINGAPORE IS THE top Asian tourist destination after Hongkong. With 3 68 million visitors last year, the Republic comes second to Hongkong s 4.5 million visitors. The two countries are followed by Thailand with
    696 words
  • 94 22 AFP REVENUE from Macau's five casinos has soared by about a third in the past year and totalled a record 80 million patacas (US$lO million) in March, according to official figures. Gambling, which provides the government with nearly 40 per cent of its revenues, has
    AFP  -  94 words
  • 164 22 UPI KUWAIT will soon introduce legislation to combat air piracy that punishes hijackers with the death penalty, a Kuwaiti minister was quoted as saying yesterday. Minister of State for Services, Issa Mohammad Al-Mazidi, told the Al-Watan newspaper that according to the proposed new legislation,
    UPI  -  164 words
  • 388 22  -  By ANNA TEO TRADING COMPANY Intraco Ltd is scouting for someone to run and revamp its timber division, left in a lurch after the recent resignation of two managers. The company is trying to revive the division which was hit by a fraudulent
    388 words
  • SATURDAY ROUNDUP
    • 278 22 JAPAN WILL take part in a mini Marshall Plan for the Philippines only if the United States and the European countries participate as well. Another condition is that the plan must fall within the framework of the World Bank's assistance programme. These two conditions were
      278 words
    • 215 22 TWO OPPOSITION political parties announced their plans to merge at a Labour Day rally on Saturday night. Veteran politician Dr Lee Siew Choh, chairman of the Barisan Sosialis, said his 27-year-old party will be dissolved and merged with the Workers' Party. Dr Lee pointed
      215 words
    • 100 22 SMALL- AND medium-sized companies can be developed to play a role only if they have the full support of government agencies and trade associations. This point was made by Mr Daron Liew, chairman of the Association of SMEs (ASME), in response to observations made
      100 words
  • 167 22 Reuter KREMLIN leader Mikhail Gorbachev, facing tough opposition from enemies of his reforms, has declared he has no intention of stepping down and has pledged to press ahead with his policies. Soviet sources said in Moscow yesterday. Mr Gorbachev delivered his calm but
    Reuter  -  167 words
  • 306 22 AFP A SENIOR US official, due to visit South Korea and Japan this week to seek support for a "mini Marshall Plan" for the Philippines, can expect a mixed response from his hosts, according to analysts. Deputy Secretary of Defence
    AFP  -  306 words
  • 166 22 UPI PHILIPPINE President Corazon Aquino said yesterday that she will allow Ferdinand Marcos's children to attend the funeral of their grandmother. but rejected requests to permit the ousted ruler to fly home from Hawaiian exile. More than 4.000 Marcos supporters assembled at a
    UPI  -  166 words
  • 108 22 AFP CHINA s Foreign Ministry will soon set up an advisory panel to study the most efficient way to invest private money in the country, ministry sources said yesterday The panel is to be set up following requests from Chinese leaders to Japanese Foreign Minister Sosuke
    AFP  -  108 words
  • Page 22 Advertisements
    • 370 22 Something you can bank on ON WEDNESDAY, we carry the supplement the banking industry in Singapore has come to look forward to as an annual mirror and milestone of its endeavours and quantum leaps (or tumbles) in the world of finance. In a leap of its own, BT's 11th financial
      370 words
    • 237 22 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. Singapore's wage gap with other NICs narrowing. 2. Big shift in the staffing strategy of Japanese companies in Singapore. 3. Are we ready to join OECD? Goh Chok Tongs
      237 words

  • SHIPPING TIMES
    • 365 23  -  By G DURAIRAJ AMERICAN Bureau of Shipping (ABS) believes Malaysia has the capability to build vessels to various degrees of sophistication. The international classification society, which in the past had classed a number of Malaysian-built vessels, says Malaysian yards are qualified to meet
      365 words
    • 454 23 IN LINE with company policy. Orient Overseas Container Line has established its own office in Bangkok. OOCL Thailand will open for business on May 16. The decision to establish a Thailand branch office was made in recognition of the growing importance of
      454 words
    • PORTSIDES
      • 105 23 Reuter THE ASSOCIATION of West India Trans-Atlantic Steam Ship Lines (Witass) said its bunker adjustment factor will be increased to US$7 per freight ton net from US$5 50, effective May 16 The reduction will apply to the General Islands, Mexican and Colombia Pacific sections,
        Reuter  -  105 words
      • 70 23 Reuter SEVENTEEN Chinese fishermen are missing after their boat collided with a US freighter, a Japanese official said Three of the trawler's 20-man crew were rescued by Chinese fishing boats, the Japanese Maritime Safety Agency official said Japanese rescue teams were searching for other survivors.
        Reuter  -  70 words
    • 163 24 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 (STRAITSI AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 128 24 Reuter IRANIAN gunboats have stepped up patrols at the entrance to the Gulf but have stayed well away from US and British warships escorting tankers, shipping sources said They said Iranian Coast Guard vessels and speedboats had increasingly questioned neutral merchant ships in
      Reuter  -  128 words
    • 714 24  -  From Kingsley Wood THE INDUSTRIES Assistance Commission's inquiry into the Australian coastal trade is shaping up as yet another government attempt to come to grips with the tangled shipping mess that ends up nowhere. The lAC draft report was immediately savaged by Senator
      714 words
    • 206 24 Reuter THE NATIONAL Iranian Tanker Company (NITC) has renewed an order for a prompt ultra large crude carrier for six months storage purposes off Hormuz, brokers said. While this was an old enquiry that has yet to be covered, it follows news on
      Reuter  -  206 words
    • 969 24 AB Shpg V s ABC CortoMwr a 1 Accord Shpg VI 3 Ahrankial liner n 3 Africa Ocaon w 2 Alttrom VI 3 AC Toepfer n 9 Awaricon Tpt i 4/5 Aiwo Sarvwa IV 2/3 Arrow Unas n s Axon Ocaon n 4 Aaoc Cornoga s Attn
      969 words
    • 70 24 Reuter SEVENTY thousand Australian sheep had a bumpy arrival in Kuwait on Saturday when their ship crashed into a pier, port officials said. The 29,610-tonne Kuwaiti livestock carrier Al-Ourain started taking on water, they said, but the hole was quickly plugged and
      Reuter  -  70 words
    • 394 25 Reuter A NEW MOOD of optimism is pervading the tanker industry with owners fighting for higher freight rates. International Association of Independent Tanker Owners (Intertanko) chairman Basil Papachristidis said. But speaking to journalists after presenting Intertanko's annual report, he said the near-term outlook was
      Reuter  -  394 words
    • 112 25 Reuter NEW ORDERS at Western European shipyards rose 15 per cent in 1987, the Organisation for Economic development and cooperation (OECD) said The 24-nation OECD said the shipyards won orders for 2.77 million compensated gross tonnes (cgt). a measure weighted to account for the differing
      Reuter  -  112 words
    • 823 25 PRICES for large tankers remain firm with the Jamunda of 310.991 dwt and built 1977 reported to have been sold to a Norwegian concern for about US$23 million to $23.5 million, secondhand-ton-nage brokers said. A smaller tanker, the 261,354 dwt Yukong Leader, and built 1974, was bought by a
      823 words
    • 292 25 Reuter NON-BRITISH flag supply vessels are now commanding sky-high rates from North Sea oil and gas producers as a result of the strike action by UK seamen. the managing director of a supply vessel operator said. "It is quite obvious that
      Reuter  -  292 words
    • 77 25 Reuter A BRITISH female shipyard cook won a four-year pioneering battle for equal pay with her male colleagues, but her employers said the ruling would make men and women vie with each other for more pay. Britain's highest court, the House of Lords, upheld
      Reuter  -  77 words
    • 7439 30 QQOBIDfIIIB 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
      7,439 words
    • 1501 31 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES April Gl K28 alongside 0905 1000 AvO K27 alongside H 05 0600 Builder IN *22 alongside 09 25.1000 Coly K35 dlongside 1705 0600 Fe>teng K3I alongside 1405 0600 Hokkin Moru K29 olongside 1005 1700 Inobukwo K24E alongside 0905
      1,501 words
    • 2042 32 A—B AB Shipping Boustead Shpg Agencies ABC Containerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Lines Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK) AHtrans Alltrans Express American President Lines
      2,042 words
    • 1039 32 ALL SECTIONS of the dry cargo charter segment on the London shipping freights market were very slow on Thursday but the general rate undertone was reported to have improved slightly, with shipbrokers making small increases in their nominal spot quotations for US Gulf and US North Pacific grain
      1,039 words
    • 418 34 Lloyd's List BRUCE SEATON, chairman and chief executive of leading US intermodal specialist American President Companies (APC), has denied reports that the company will be acquired by Norfolk Southern Corp. Such a move along the lines of the CSX takeover of rival operator
      Lloyd's List  -  418 words
    • 387 34 Reuter CANADIAN Pacific Ltd said it expects higher earnings in 1988 over 1987, when net income before extraordinary items was U*****.7 million or US$2.l2 a share. "Canadian Pacific anticipates a further improvement in earnings for 1988 following the sharp recovery last year," the company
      Reuter  -  387 words
    • 141 34 P 0 takes tough stand on ferry strike Reuter THE Peninsular and Oriental Steam Navigation Co said it will maintain its tough stand in the ferry strike despite calls from some shareholders for it to return to the negotiating table "Our ships are sailing and will continue to sail," chairman
      Reuter  -  141 words
    • 101 34 AP DAEWOO Shipbuilding and Machinery Co has received an US$Bl million order from Czechoslovakia for three bulk carriers, industry officials said. It was the first time a South Korean shipbuilder has received an order from a East European nation. Under a contract signed on April
      AP  -  101 words
  • Page 23 Advertisements
    • 884 23 `}<*!*^$[[:'.?;/.?[/|}({;>~?:}, OOCL Orient Overseas CotUaUm Line WWu JARDIN JARDINE SHIPPING AGENCIES (Ref No 2421(4/ 00K) 200 Cantonment Road #12 05 Souttipomt. Singapore 0208 TH *****11 TELEX NO RS ***** TERMINAL/CFS Tel *****18 220 BOORIN4S Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KEIANG TEL *****18 Tele« No MA*****HHA*****
      884 words
    • 114 23 THE INDUSTRIES Assistance Commission's inquiry into the Australian coastal trade is shaping up as yet another government attempt to come to grips with the tangled shipping mess that ends up nowhere. Page II A NEW MOOD of optimism is pervading the tanker industry with owners fighting for higher freight rates,
      114 words
    • 739 23 <•>* I tn, TIMES roi sZ STP Distributors 77m* a Fub*e#wny Croup MAERSK LINE USA IS CLOSER TO YOU WITH MAERSK LINE OAKLAND 17 DAYS LOS ANGELES 18 DAYS This week M Tacoma Closing Tim* CY 11/5 2330 MRS CFS 11/5 1300 MPS To Europe— UK Scandinavia Finland M Rando
      739 words

  • Page 24 Advertisements
    • 599 24 u Hapag-Lloyd ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT CONV/SEMI-CONTAINER SERVICE TO MED EUROPE Agents: MALTA CASABLANCA LEIXOES BILBAO AMSTERDA HAMBURG 19/6 BREMERHAVEN Singapore *****00 Bookings *****06 CFS *****48 K. Lumpur *****25* P.
      599 words
    • 17 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 453 24 NOTICE ANNOUNCEMENT POLISH OCEAN LINES wish to announce the appointment of: OPTORG SHIPPING PTE LTD as our agent in Singapore and OPTORG CO (Nl) SDN DHD as our agent in Malaysia with effect from 9th May 1988. We also take this opportunity to thank Baltic Far East Shipping Re Ltd
      453 words

  • Page 25 Advertisements
    • 1088 25 S2 The Straits Steamship Group Mansfield Container f Shipping Re Ltd P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT: Also Accepting Cargo For: lo Ca<Mnlu(wi Aarhuv Gothenburg Ml lino Stockholm. Helsinki. Sontartwri Rotterdam lo Antwerp. AmtertUm Oilo Ink Zurich Srmwnluvon to Bremen Southampton to >11 UK deit mat torn Belfast and Dublin
      1,088 words
    • 571 25 !SI C SAV Corrpjnu Sud Amcricjnj dc Vjpcrcs S A. TO/FROM CHILE FEEDER VESSEL CSAV 1 CSAV 2 CSAV 3 SPOKE W5 12/5 17/5 ■OTHER VESSEL MK ARtCA IQQ ANTOfVALP SAI VELAY 13(5 i(l V> 11/7 CAR CARRIER (YOK 2J/5) Mi LAJA 22/5 4/7 2/7 1/7 10/7 CARGO FOR PUNTA
      571 words

  • Page 26 Advertisements
    • 399 26 HXSINOSE J MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHDAT Loading for BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 30/5 LAE, PMB. RBL, HRA MICRONESIA SERVICE OCEANIA EXPRESS V-14 25/5 YOKO ASIAN LILY V-42 29/6 LOAD
      399 words
    • 866 26 1 F &L.INE I Ml A smrtmc cmr»*ATisa FULLY CONTAINERISED SEW VICE TO FUftOPE VIA tUll* CONIAINIRiSfD 10 fROM NORTH AMfRICA WfS! COASi St* BU LA 21/5 2/6 •FOR/MOTHER VESSEL HKC ME/PACIFIC PROSPERITY IIE HKC 54E/HANJIN KUNSAN 31E KJJ 43E/HANJIN KWANCYANG 45E KJJ 43E/KOHEAN WONIS JIN 75E SSB 65E/KOREAN WONIS
      866 words
    • 342 26 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO MADRAS: SAILING 13/5 EURO-AFRICA SERVICE FOR: PORTO, LISBON, ORAN, BILBAO MADRID. MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS. TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE ft MADANG NEW CALEDONIA FIJI ISLANDS NOUMEA SUVA/LAUTOKA 2/6 2/6 AUSTRALIA/ NEW ZEALAND FREMANTLE
      342 words
    • 1133 26 jiurriiiu iiiTica, munaay, may i»oo m EVERGREEN Full Container Service ound-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER CENERAL EVER CLOSE EVER GAINING EVER GUEST EVER CROUP ALSO ACCEPTING CARGO TO mjMCTON FJESXr* #0ST0 PH,LAOfIPH JACKSONVILLE. 2) ATLANTA CHICAGO DETROIT. COLUMBUS I OTHER MAJOR MICROBRiDGt DESTINATIONS til D CRISTOBAL (ALMA PANAMA CITY COLON
      1,133 words

  • Page 27 Advertisements
    • 944 27 PACIFIC INTERNATIONAL LINES \V\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE SIN SBY SMG SLD 12/5 1475 15/5 IMS 21/5 22/5 2ft/5 20/5 SIN 17/5 24/5 31/S VESSEL SEA DRAGON SEA HAWK KOTA EAGLE SEA HAWK VOY
      944 words
    • 402 27 irm BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Liverpool Bar Urp Ity Honfhonf Eipri C«rtfiga« by Rhine Hjru Tofcio Ciprnt EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM B'HAVEN R DAM HAVRE STON OuU Sj« SiM SjumJ SuM Si>M SliM *il»no Maru Sj>l«d SiM S*<M SaiM S*u<« City of Uinfcurfh S*>l«4 Slil«d
      402 words
    • 569 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY SRIWIJAYA/23W8 OCEAN PRIMA/10WB UNISIERRA/CP29/WB PALEMBANG/9WB BILBAO ANTWERP H'BURG/ 10-13/5 17-20/5 30/5-2/6 10-13/6 ROAM/ADAM BREMEN Subject to Inducement Also accepting cargo to Casablanca, Pa Sild,
      569 words
    • 334 27 BOUSTEAD SHIPPING AGENCIES PL LOIKAW VIJ3W PAGAN VI27W AVA V-80 PA AN V/124W PAGAN Vl2B BURMA FIVE STAR SHIPPING CORPORATIOHf (Burmese National Line) Loading for Rangoon pore P.Kelang Penang Bangkok Spore 2!i May W May 4/10 May 11/13 May 28 30 Mat W May 12/13 May Mil I 'CONTAINER SFRVIPF
      334 words

  • Page 28 Advertisements
    • 1010 28 'Kline KAWASAKI KISEN KAISHA, LTD. ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE N. AMERICA-ATLANTIC COAST VOV *INDO •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST NEPTUNE DIAMOND NEPUNE CRYSTAL CHINA CONTAINER HONGKONG CONTIANER HONGKONG CONTAINER S4E KOREAN JACEJIN 43E
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    • 769 28 INDIA EXPRESS CONTAINER SERVICE Accepting SingJpo FCL/FCL Containers ORIENT SUCCESS V 107 IS Ma, S 0 MANIPUR V 37H IS MJ« TIGER BAT V X M*. INDIAN COURIER V 30N 24 Mi. AGIOS ANDREAS V C-l 24 M» ORIENT SUCCESS V 101 1 June S O NA r ALAND V
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    • 670 28 GOLDEN LINE GUAN GUM SHIPPING (Pit) LTD S. Tttok Ajrw Strwt SINGAPORE 0104 TU SJ4MOO (10 LINES) F»« ****** STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Cotombo Karachi Duba. GOLDEN HARVEST Colombo Karachi/Dubai CHINA SERVICE DAI YUN SHAN Dalian A VESSEL HuanjPu Shanghai S'pore P Kelan| Penanj 17/11 May M June 17/11
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    • 547 28 MkMk iflviimij y ITIQJ «7, I*7W I 'M PHILI-ORICNT LINCS PT€ LTD HfAD OFFICE 63 ROBINSON ROAD -07 1? AFRO ASIA BUILDING, SINGAPORE 0106 TELE* RS ***** PHILI FA* *****76 TBN NEW GENLORD DUBAI. DAMMAN KUWAIT, BOMBAY. DOHA MUSCAT. BAHRAIN. ABU DHABI 4 SHARJAH JEDOAM HODEIDAH AQABA COLOMBO KARACHI. BOMBAY
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  • Page 29 Advertisements
    • 769 29 \\NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A, NEPTUNE AGENCIES PTE. LTD F Ommtsl Enquires: Tel: *****77 Ttmtirul CrS BOOKINGS mum mmi PKeUng NEPLINE SON. BHD wmtO K.Lumpur NEPLINE SON. BHD. *****33 PMMI NEPLINE SON BHD. *****5*276»*27»61*2?6tt J.Sahru NEPLINE SDN BHD. 2MMO/7SWI I mimlxr o4 Mm ACE Consortium
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    • 278 29 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN. INCHON 1 MOJI container to be transhipad at Buun Korea CALLING INCHON DIRECTLY ON 17/06 i wnpiiHi op if y sp I Siri/WW 15/5 21/5 I Srimathi/SI 9 6 14/6 16/6 18<6 Mother Vs! Spore Cbo Feeder
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    • 618 29 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 ***** PENANC P KELANC MESSRS HAI THONG SHIPPING 127 Penang Street. Penang. Malaysia MS HANOLING SYSTEM CO SON
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  • Page 30 Advertisements
    • 354 30 XT SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 .30 l.nesi FAX *****39 *****76 TELEX ftS ***** A B SSCMA RS ***** A B SSCAD DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE E. THAELMANN 4/88 Ifi tfS/5 6/6 15/6 |15/6l 5/6 |17/ C RUHLANO 488 1« U 17/6
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  • Page 30 Miscellaneous
    • 164 30 Regional Weather I S <* M m 0 h si t K a S\ s o***J 3 K C a m Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C Shower Weather W' Wi «l direction
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  • Page 31 Advertisements
    • 583 31 FARGO SHIPPING COMPANYtPTOLTI No 15 Hoe Chiang Road #13-02 Sanford Building. Singapore 0208 Tel *****22 Tlx: ***** FASCO ABC CONTAINERIZE N.V TO AUSTRALIA/NEW ZEALAND VSI TNT Eiprra 200 I 10>S Ellm Hudif 201 2</S BrusMl 203 7 DAYS TO FREMANTLE! TO USA/CANADA FROM USA/CANADA/EUROPE/MEDITERRANEAN 18 DATS FROM LTVORNO 19 DAYS
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    • 270 31 CSP SHIPPING AGENCIES PTE. LTD Tel: *****66 (16 Lines) Fa* *****15 FIXED CONSOLIDATION SERVIC FCL/LCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELUNG, KAOSHIONG, MANILA, OOSAN, TOKYO/YOKOHAMA KOBE, OSAKA, FELIXSTOWE, HAMOORG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations ACCEPTING FCL/LCL AND CONVENTIONAL: VESSEL MV Tobona West
      270 words
    • 770 31 r TRANS TRADING AGENCY PTE. LTD. 0 IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT WEST BOUND SERVICE ETA S PORE LOADING FOR MV RORO AL-ZAHRAA 10/5 Hode,<Uh jeddjh Aoatu MV RORO BALQEES IS/5 HodexUh MM. MV BABYLON 10/6 HobenUh Jeddah. Aoitu THROUGH B/Lt to BAGHDAD UPON REQUEST ALSO ACCEPTING
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  • Page 32 Advertisements
    • 540 32 m FINE-LINER SHIPPING PTE LTD 70 Shenton Wjy 04 0?C Mirini House Spore 0707 TEL ??b9077 (8 lines) TLX RS ??W1 FLINER FAX EUROPE SERVICE IJ2 |*W |1« lIM 11M I |2M 2M 3M 3 C3SEC2E EE23I FAR EAST SERVICE |K22HEC223[ Uli 123/5 |W 127/5 124/5 l»5 IIVS 114/5 120,5
      540 words
    • 495 32 ZIM FULL CONTAINER SERVICE »cceptin| FCL/LCL urgoct to USA East 1 West Co* Carribbe»n.Ejst Canada HAITI Costa Rica. El Salvador. Guatemala Hondur Venezuela Peru Ecuador. Colombia via Miami Trinidad Barbados Antigua Lucia. Montserrat. Guayana via Kinftton 0/5 ZIM KEELUNG W in ZIM KEELUNC »/t ifi ZIM KEELUNC 7/5 INI KEELUNC
      495 words
    • 537 32 CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penjnj* P Kel»nf* Singapore THOMASEVERETT 19/20 May HUGHEVERETT 4/5 Jw» MANOLOEVERETT 1/9 jun EVERETT ORIENT LINE' JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA. KOBE. NAGOYA, MOJI. TOKYO* AND OTHER JAPAN PORTS* ALSO ACCEPTING CARGOES TO PUSAN* HONGKONG*, DAVAO* AND TO OTHER REP.
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  • Page 33 Advertisements
    • 307 33 Seabrfdgfe INTERCONTINENTAL LINE General/Marketing Agents: SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO GROUP at COMPANIES. Jaoan) Singapore *****11 Tlx: R*****1 SEAAIR Pax: *****50 War«t>oua« at PSA Multistorey Complex *****06 Malaysia *****33 Tlx: MA***** Pax: *****08 WEEKLY FROM Singapore Port Kelang Pcnang UK/EUROPE: FAR EAST UniM Kingdom Bangkok, Hong
      307 words
    • 236 33 REGULAR LINER SERVICE VESSEL STORE ANNY PATERAS 10/6 rrex shipping PTE LTD LOADING FOR JEDOAH/MED/ CONTINENT TORTS ABE ITT SEAL Ml SNlfftM MCMIES TEL 22MH4 tul nam i iMinmiri' cs BREAKBOLK CONTAINER SERVICE TO CHITTAGONG. INDIA TAIWAN VESSEL NEW GEN LORD VQ3H NEW GEN TRADE V2OH NEW GENLORD V0«8 YE
      236 words
    • 550 33 LCL/FCL SERVICE VESSEL SPORE I BANGKOK ■I 'I 111 I 111 l Also accepting cargo to KEELUNG KAOMSIUNG CHINA Ivia HONG KONGI P KELANG BUSAN JAPAN E MALAYSIA BRUNEI PORTS EUROPE USA CANADA ft AUSTRALrA uaiKji LUCKY SEAWAY SERVICES PTE LTD Tlx: ***** Fax: *****77 S.E.ASIA/CHINA SERVICES SCP PKLANG PNG
      550 words
    • 639 33 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' GLORY SELATAN IX SM GLORY SELATAN V V 9 5 GLORY SELATAN VUI V7l 20/5 GLORY SELATAN Vlll V 77 10/5 PKL PN BLW KAOH BANJARMASIN 10'S SELAT PANJANC 29/5 14 fi
      639 words
    • 367 33 PTC CONTAINER LINES FCL/ICI SERVICE PIC GfvQUP FAR EAST KEELUNG/KAOHSIUNG BANGKOK MANILA JAKARTA PORT KELANG/PENANG BUSAN TOKYO/YOKO/KOBE HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/ Xingang.Shanghai EUROPE RDM/HAM/ANT/LE HAVRE/GENOA B C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL. UN AFMAIIISTAN 18/5 HAIRATAN/KABUL/TOURGHUNDI WORLD FREIGHT SERVICES LTD International NVOCC Container
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  • Page 34 Advertisements
    • 334 34 11l Hai Sun Hup Co (Pte) Ltd _L TEL *****06 (20 Lines) TLX RS ***** X, RS ***** ft „K. I \S I I K\ \K I I\l l\ III) STRAITS/ JAPAN/ STRAITS SERVICE iPECIALIST IN RO-R0 HEAVY LIFT NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG TAIWAN ft CHINESE PORTS,
      334 words
    • 349 34 Pll—g—W FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-CAST F/Tfl flAiyi«F yiw ijwuviw AND FRENCH WEST llWtSll^g^^p^For Gulf Miami, Mobile, New Or leant, Houston/Mexico Vera Cruz, Mexico City. Also mtvtog Halifax, Montreal, Toronto, New York, Battimor*, Portwnouth, Norfolk. Savannah/ FRENCH W Indie* Port Do France. Pointre A. Pttrt.
      349 words
    • 120 34 ■■■FSHi -'.>- i W«. P m*. -1%*.-*«/' W—My LCL ■wtptencß to AUSTRALIA -ipvn NZ aM ports MK inddi CMm BANGKOK -milm EUROPE alt major parte USA -Mfe.*** LA, SFO i m**or port> CANADA -jtL.a&'Wf Toronto, REGULAR TSR SERVICE TO VHMA, I KABUL/HAIRATON/ *1 TOBB/IBAW/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO,
      120 words
    • 730 34 *****53/*****11 •*****122/4, *****3 •07-*****8 '07-*****3, *****5, *****0, *****1 •02-*****22 *****88 em CALL US AT? P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR >WEEKLY FAR EAST/EUROPE CONTAINER SERVICE PENANG P KELANG TO EUROPE FEEDER BUTANC 443 B. BUTANC 445 B. BUTANC M 7 2«£5-?AU NATIOf,S AMSTERDAM, ANTWERP, BASLE. BREMEN
      730 words