The Business Times, 11 May 1988

Microfilm: NL16193
Total Pages: 82
1 82 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 WEDNESDAY, MAY 11, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    241 1 AFP Dow Jones higher WALL STREET stocks continued their early gain yesterday following announcements by major US brokerage houses that they were ending or suspending certain futures-related arbitrage trading. Such trading had caused wide and sudden market swings and eroded investor confidence. The Dow 30 was up
    AFP  -  241 words
  • Article
    Simex in good shape despite October crash, says Elizabeth Sam
    450 1  -  By SOH TIANG KENG, Financial Correspondent TODAY, the Singapore International Monetary Exchange (Simex) finds itself in good shape, having survived the acid test of the October stock market crash, according to its chairman, Mrs Elizabeth Sam. In a special interview
    450 words
  • Article
    Lock icon Third World debt tops ACP talks
    90 1 AFP THIRD WORLD debt and lower raw materials prices were highlighted in Port Louis yesterday when European and developing nations' ministers opened two days of talks. The conference in the capital of Mauritius brings together the EC and its 66 African, Caribbean and Pacific
    AFP  -  90 words
  • Article
    Lock icon Canada seeks to give summit more bite
    129 1 Reuter THE CANADIAN hosts of next month's economic summit of the seven leading non-communist industrial powers want to revamp the annual get-together into something more business-like and perhaps a little less bland. As a Canadian official put it to a newspaper in Ottawa,
    Reuter  -  129 words
  • Article
    Bonvests expected to make bid for Tonhow
    318 1 BONVESTS HOLDINGS is making a takeover bid for Sesdaqlisted Tonhow Industries, a source close to the propertybased company confirmed yesterday. An announcement is expected this morning from financial adviser to Tonhow, merchant bank N M Rothschild Sons. Although the source would only say
    318 words
  • Article
    American companies raising capital spending in S'pore
    637 1  -  Sharpest rise will be in Asian-Pacific region By CHUANG PECK MING SUBSIDIARIES of American corporations plan to raise their capital spending in Singapore to US$2B9 million this year, up 29 per cent over 1987 As expected, nearly half of the intended expenditure is
    637 words
  • Article, Illustration
    Tokyo exchange bucks declining trend
    207 1 WITH THE EXCEPTION of Tokyo, major stock markets in the East closed lower yesterday following a 10-point fall on Wall Street to 1.997.00. Share prices in Tokyo rose on speculative buying and bargainhunting after three days of losses. However, investors remained on the sidelines in
    207 words
  • Article
    Sterling meets upward resistance
    120 1 THE BRITISH POUND met upward resistance at about 3.165 West German marks in early trading on the London currency market yesterday. However, dealers said the resistance would give way after a period of consolidation. The pound had opened at 3.1625 marks, up from Monday's close of
    120 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      199 1 S3 v > A HELPING HAND FOR HOME BUYERS tOnce you've found your dream home, the next thing you have to look for is a good housing loan. Look to International Bank of Singapore. At IBS, our housing loan scheme is designed to make it easier to own a home.
      199 words
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      Page 1 Advertisements Column 2
      383 1 A bumper financial harvest TODAY WITH BT! Our 11th and biggest ever annual financial supplement. A bumper issue with news and views from our financial desk and top people in the industry. The theme: Towards the Year 2000. BT comes in a record 82 pages today. Our 52-page Banking, Finance
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      Page 1 Advertisements Column 3
      103 1 BACK PAGE Bill may bring more complaints of unfair trade Steel industry cleared of countervailing charges Full report, Page 14 Regional markets, Page 16 World markets, Page 17 Battle of two retail giants A BOUYANT Hongkong economy, increasingly affluent consumers and a growing shopping pie that was worth HK$B4 billion
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      Page 1 Advertisements Column 4
      146 1 f\ Qt+Jwup 0[ BftcdUb^t nhermain SINCE 1888 Made in WEST GERMANY A N o vAt the most attractive rates in town, The Plaza Service Apartments offer you all the comforts of home, plus the luxury of a fine hotel, plus: ideal location along Nicoll Highway near Marina Centre panoramic sea
      146 words
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  • HOME NEWS
    • Article, Illustration
      Yeo Hiap Seng buying new packaging machines
      418 2  -  By WILLIAM CHIA LEADING food and beverage manufacturer Yeo Hiap Seng yesterday sealed a $24 million deal to buy new packaging machines for its Petaling Jaya and Singapore plants. "This purchase is part of our effort to achieve a higher rate of production
      418 words
    • Article, Illustration
      Sharp surge in activity at Singapore's airports
      438 2  -  Singapore airports*... getting hosier aN hosier a By TONG SUIT CHEE SINGAPORE AIRPORTS at Changi and Seletar are getting busier. They now handle more flights, passengers and cargo than ever before. Double-digit growth was recorded in the number of flights and passengers and
      438 words
    • Article
      Swedish bid to market graphic computer program in region
      394 2 A SWEDISH software company has set up marketing and research and development operations in Singapore with a hardware investment plan of about $550,000 over the next four years. The operations were set up by Real Time Graphics, a joint venture between
      394 words
    • Article
      Good response expected for international building show
      259 2 AN INTERNATIONAL building exposition starting today is expected to attract about 10,000 trade visitors. About a third are likely to be foreign delegates. The 7th South East Asia International Building Exposition (Sibex 88) will see more than 460 companies from 23 countries taking
      259 words
    • Article
      Local company makes big leap into US
      469 2  -  By TIANG PEK YIN MICROFITS METHODS is one small enterprise that went beyond local entrepreneurship to set up a sales office in America's Silicon Valley. The Gompany, which makes moulds and die-sets for the manufacture of semiconductors, has so far invested US$lOO,OOO in
      469 words
    • Article
      Corrections and clarifications
      102 2 IN A MAY 5 article "Thousands snap up acne cream". BT quoted a Diethelm official as saying that Retin-A was licensed to Diethelm. Cilag. a division of Johnson Johnson, has since clarified that Diethelm Singapore Pte Ltd is in fact its sole distributor for the product here
      102 words
    • Article
      Protest against foreign 'meddling'
      246 2 BETWEEN 4,000 and 5,000 unionists will gather at 3pm today at the Singapore Conference Hall to protest against foreign "meddling" in Singapore's domestic politics. To be led by union leaders, including National Trades Union Congress secretary-general Ong Teng Chong, the unionists will express their opinions and
      246 words
    • Article
      MPs put up motion on ISA action
      197 2 A MOTION supporting the government's actions taken under the Internal Security Act to deal with subversion has been submitted tor next Wednesday's parliamentary sitting. It was put up by Mr Goh Choon Kang. MP for Braddell Heights, and Mr Chng Hee Kok, MP
      197 words
    • Article
      NTUC elects committee members
      160 2 THE NATIONAL Trades Union Congress new central committee yesterday unanimously re-elect-ed Mrs Yu-Foo Yee Shoon, Mr K Durai and Mr Tan Soon Nam as vice-presidents for another term. At a meeting, the committee also approved officials for the secretariat proposed by the sec-retary-general Mr Ong Teng
      160 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      115 2 Attention: All Entrepreneurs A KICK-OFF FROM HOME-GROUND ITS OUT TO ALL OVER THE WORLD TO ALL YOUR PROSPECTIVE BUYERS EXPORT-CONTACTS' THE MAGAZINE THAT TALKS ABOUT OUR COUNTRY, YOUR COMPANY.... v% I%^L\j)rr-* AV r rit** QUICK! GET YOUR COPY NOW! I would like to subscribe to 'EXPORT-CONTACTS' for One Year (6
      115 words
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      Page 2 Advertisements Column 2
      219 2 p B PAI PARTICIPATING COMPANIES GETZNER FM HAEMMERLE RHOMBERG TEXTIL SCHIELSEIDE MAKWANA ANTEX E HEINZLE H HAEMMERLE STICKEREI H HAEMMERLE RASCHELSPITZEN LAENGLE LUSTIMA FRANK ENTERPRISES H HUBER G PAUL MELZER PLANNER SCHOEFFEL J M FUSSENEGGER C GEORGIA S COLLECTION APPAREL FABRICS yam and pieced dyed fabrics for shirts, blouses and
      219 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Don't link aid offer to bases, says Aquino
      404 3 AP PRESIDENT Corazon Aquino yesterday welcomed US efforts to put together a multilateral aid package for her government but said the offer should not be linked to continued use of American military bases in the Philippines. The US State Department on Monday
      AP  -  404 words
    • Article
      Lock icon Govt rests case in appeal by Mrs Gandhi's assassins
      303 3 UPI THE INDIAN government has concluded its arguments against the appeals of three Sikhs convicted in the 1984 assassination of prime minister Indira Gandhi and called for the death sentence. Declaring it "the rarest of rare cases", prosecutor G Ramaswamy asked
      UPI  -  303 words
    • Article
      Lock icon Indian by-election a test for Rajiv
      187 3 AFP A BY-ELECTION to fill the Allahabad seat in the Lower House of India's Parliament is to be held on June 16, a contest that promises to be an acid test of Prime Minister Rajiv Gandhi's popularity. The Election Commission, which is responsible for
      AFP  -  187 words
    • Article
      Lock icon First quarter economic growth in Taiwan slowed down
      325 3 AFP TAIWAN'S gross national product (GNP) grew about 6 per cent in the first quarter of 1988, lower than the original target of 7.05 per cent set early this year, a top government official said in Taipei on Monday. Taiwan's GNP is
      AFP  -  325 words
    • Article
      Lock icon US may have cooled protectionist fever
      435 3 AP THE UNITED STATES appears to have turned the corner on its trade problem and cooled "the protectionist fever" that had threatened to close American markets, US Commerce Secretary C William Verity told a high-level Chinese delegation on Monday. China in turn has a
      AP  -  435 words
    • Article, Illustration
      Lock icon Nakasone commends Reagan for anti-protectionism stand
      321 3 Reuter FORMER JAPANESE Prime Minister Yasuhiro Nakasone commended President Reagan on Monday for what he called his stand against trade protectionism, a US government official said. Mr Nakasone. on a private visit to Washington, spent about 30 minutes with Mr Reagan in the Oval
      Reuter  -  321 words
    • Article
      Lock icon Freer Seoul cigarette market welcomed: Yeutter
      146 3 Reuter AMERICAN Trade Representative Clayton Yeutter said on Monday an agreement to liberalise South Korea s cigarette market could result in several hundred millions dollars of new sales for US tobacco companies. "This agreement provides fairness for US cigarette makers,'' Mr Yeutter said in
      Reuter  -  146 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      199 3 Wth 746 guest rooms and 40 suites, and Continental restaurants in which our fully-equipped Health Club meets the Shangri-La brings to China's capital you and your guests can enjoy gourmet the needs of the most demanding keep-fit 5, our world famous standards of service and cuisine. Our 24-hour Business Centre
      199 words
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  • REST OF THE WORLD
    • Article
      Lock icon World in need of new monetary system
      462 4 Economic upheavals reveal weakness, says study AP GLOBAL ECONOMIC upheavals such as last October s stock market collapse show that the world urgently needs a new monetary system, according to a study released on Monday. The study, sponsored by the Institute for International
      AP  -  462 words
    • Article
      Lock icon Production in US will drive up Japanese share of car market
      213 4 AP JAPANESE car makers will claim a larger share of the US car market without having to boost exports because they will build more cars in the US. according to a new study. Japan s market share will grow,
      AP  -  213 words
    • Article
      Lock icon Recession? The talk among bankers is now inflation
      207 4 Reuter THE WORLD'S top bankers are showing signs of unease about a possible spurt to inflation after months of worrying about a stock crash-induced recession, said monetary sources on Monday. "They seem to be worried about inflation and that is new because
      Reuter  -  207 words
    • Article
      Lock icon Reagan expected to endorse Bush today
      274 4 NYT HAVING ADHERED to his vow to remain neutral in the Republican presidential campaign as long as the nominee was in doubt. President Ronald Reagan is expected to endorse Vice-President George Bush today. Mr Reagan is expected to make his announcement in an appearance
      NYT  -  274 words
    • Article
      Lock icon Mitterrand faces problem of high unemployment
      431 4 Reuter FRANCOIS MITTERRAND starts a second term as France's president faced with one of the highest jobless rates in the industrialised world. The main challenge of the new government which he appoints this week will be to tackle unemployment and a chronic trade deficit
      Reuter  -  431 words
    • Article
      Lock icon Re-election win: reactions
      181 4 AFP NEW ZEALAND and Australian reservations about France's role in New Caledonia and the Pacific clouded a generally bright overall welcome for President Francois Mitterrand's re-election. Mr Mitterrand's sweeping electoral triumph over Prime Minister Jacques Chirac in Sunday's runoff vote was greeted with satisfaction in many European
      AFP  -  181 words
    • Article
      Lock icon Strikes hit tractor plant in Poland
      177 4 AFP STRIKES on Monday disrupted work at the giant Ursus tractor plant outside Warsaw in Poland. Ursus workers said nearly 120 men had occupied the canteen and refused to come out. They said stoppages had occurred on Monday in at least three workshops. Members
      AFP  -  177 words
    • Article
      Lock icon Jackson says he has been short-changed
      331 4 AFP JESSE JACKSON, trailing far behind Massachusetts Governor Michael Dukakis for the Democratic presidential nomination, says he's been short-changed in delegate selection and will probably challenge the process at the party's national convention in July. His argument is that, while he has a substantial
      AFP  -  331 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      791 4 ARRIVALS Operator Service Local From number time MAS MM651 0910 PEN MAS MH630 0920 KUL su SQ103 0950 KUL CPA CX710 1015 CGK MAS MH609 1020 KUL GU GA960 1100 CGK SU SO 105 1105 KUL HA 1421 1130 BWN SAS SK971 1140 CPH/BKK UB UB231 1145
      791 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      134 4 QIOVANNFS BUFFET ITALIAN STYLE. UNFORGETTABLE! Qiovanni does it every day of the week! An unforgettable Italian-style lunch in the afternoon. It consists of a special Antipasto Buffet, unlimited Oyster and Salad Bar, Soup, Cheese and Dessert Buffet. Six main courses and different carvings from the trolley everyday. Andallforonly $28+ M
      134 words
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      Page 4 Advertisements Column 2
      55 4 L*«d*r, Pag* 10 Drop In number of strike* at Lsnin, Shipping Times, Pegs I T he business De r son's choice every T uesdoy, Thursday. Saturday ond Sundoy Leaving Chang' Airport Qt 22:05 hours and arriving Heathrow eoriy fo owirg Ca'l you' Trove l Aaen' or Air Ca n oda
      55 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      42 4 Doonesbury 50! WHAT HAVB YOU TWO KJPS BeBN UP TO LATBIY* fideu. you what? thatls KNOW I'M GREAT! NO, I PRS6NAMT, PIPNT KNOW' OFCOURSe... BY GARRY TRUDEAU m KNOtJf PONT TALK anymorb. «ir* N m i n to l m £22 •4*
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    • Miscellaneous
      Page 4 Miscellaneous Column 2
      128 4 Singapore OUTLOOK: Shower* In ttw afternoon. Report for 24 hours prior to 7.30pm on Moy 10 at the airport! Mai temp- 31 Aaaoc humidity 71 Mln temp. 25.0 Aaaoc humidity M Mr* of aunahtne 0.3S Rainfall In mm nil RalnteH Ma ntfh... 134.2 Rainy day* Ma m*i 4 Moscow 09/02
      128 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      293 5 ADVERTISEMENT 0 0 HITACHI RANKED NO.l OVERALL IN 1987 Singapore Computer User Satisfaction Survey CL Group, sole agent of Hitachi computer systems in Singapore, Hong Kong, Malaysia and Thailand, is really proud to get recognition from our customers in the recent Singapore user satisfaction survey carried out by Graham Mead
      293 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1706 6 SINGAPORE: The US dollar closed slightly lower against most major currencies yesterday, with its losses mainly registered in late trading, dealers said. They said the dollar's late decline reflected some selling from Europe after it moved within a very narrow range for most of the day. Most Asian
      1,706 words
    • Article
      Lock icon Asian $ market
      354 6 Asian market Reuter ASIAN DOLLAR deposit rates closed steady yesterday at slightly firmer opening levels, dealers said. They said most operators stayed on the sidelines in the afternoon awaiting the outcome of the US Treasury refunding auction of US$B.75 billion of threeyear notes. Short-dates were unchanged to 1/16 point firmer
      Reuter  -  354 words
    • Article
      Options
      1450 6 CURRENCY FUTURES OPTIONS Tuesday, May 10, 1988 DCUTSCHEMARK (SIMEX) Jun M call* JurNputa High Lot IM High Low SM 54 CAB 55 OU 5* CA» 5' 2A 5® 175 6 6 6 59 92 30 30 20 60 36 36 36 69A 65 61 11 I45A 140 62 3
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      130 6 Announcing ii 10 the arm I a Wj wf Hop aboard the Orient Express, our >W f exciting new short-term car v* rental scheme, ■gncnvriiHT^H 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,
      130 words
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      Page 6 Advertisements Column 2
      9 6 II! R4NQUEINDOSUEZ 3 Shenton Way, Shenton House. Singapore 0106
      9 words
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  • BANKING AND FINANCE
    • Article
      Comex gold/silver futures
      155 7 Gold future* on May 9 100 troy ounces; USS per troy ounce Opon Htgti Low Sow* May 447.30 4-3.60 Km 445.80 449.20 445.50 448.80 3.50 Jul 451.00 3.50 Aug 449.90 453.70 449.90 453.30 3.50 Oct 435.00 458.50 454.50 458.00 3.50 Dk 459.50 463.50 459.30 463.00 3.50 F»b
      155 words
    • Article
      Simex
      427 7 JUNE EURODOLLAR futures opened weaker yesterday from the previous close as the failure of Fed addition of reserves was interpreted as Fed tightening credit policy. Market participants were also cautious ahead of treasury auctions in the three days. June contract traded narrowly from 92.34/92.36 before ending at 92.35. Currency
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    • Article
      Money markets
      52 7 THE OVERNIGHT rate on the Singapore interbank market was unchanged at 3% per cent yesterday. SS Interbank rates at 12 noon yester day: OFFER BID Overnight 1 -monrti 3 3/4 3 5/8 3 1/2 3 3/8 2-month 3 9/16 3 7/16 3-month 3 9/16 3 7/16 Overnight mode:
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    • Article
      Goverment securities market
      85 7 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****H 04.8.88 3.35 3.30 3.33 3.29 6 months BY*****H 22.9.88 3.45 3.40 1 year BY*****Z 23.3.89 3.60 3.55 3.63 3.47 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      85 words
    • Article, Illustration
      World interest rates
      194 7 Indicate* the average of the prime lending rate# ot 12 major banka In S'pore Interbank market rates (offer/bid) on May 10 us$ DM SWFC Yen 7 do n 7 3/16—1/16 7 3/4 3 3/8 1/4 2 1/8 2 3 9/16 7/16 1 mtfc 7 1/4 1/8 8
      194 words
    • Article
      Lock icon Executive director of ADB dies
      74 7 AFP SHARAD KELKAR, the executive director of the Asian Development Bank, died in Manila on Saturday after suffering a heart attack, the bank announced on Monday. Mr Kelkar, 52, served in the Indian Civil Service, rising to the rank of deputy secretary in the finance
      AFP  -  74 words
    • Article
      Lock icon Nomura and Daiwa miss market-maker role
      433 7 FT THE TWO GIANT Japanese securities firms, Nomura and Daiwa, have been blocked from becoming market-makers in UK government gilt-edged securities as a result of a last minute political intervention for which no one is admitting responsibility. The Bank of England, which supervises the
      FT  -  433 words
    • Article
      Lock icon IMM
      308 7 Reuter IMM CURRENCY futures settled mixed on Monday after a very lethargic* session of range trading. Sterling remained the featured contract and scored sizeable gains following a bullish Goldman Sachs report, quoted over the weekend in a UK newspaper, that forecast sterling moving into the 3.15-3.20 area against the
      Reuter  -  308 words
    • Article
      OUB reduces interest rates for its housing loans
      191 7  -  By LEONG WEN WAH THE BIG FOUR local banks DBS Bank, United Overseas Bank, Overseas Union Bank and Oversea-Chi-nese Banking Corporation are now quoting the same mortgage interest rates, following OUB's decision to cut its rates. Under the new rate schedule that
      191 words
    • Article
      Lock icon Kleinwort, Fuji join hands in US treasury bond dealership
      171 7 FT KLEINWORT BENSON, the UK merchant bank, and Fuji Bank, Japan's third largest bank, are completing plans for a joint dealership in the US treasury bond market. However. Fuji Bank's participation is being kept to 24.9 per cent to avoid friction
      FT  -  171 words
    • Article
      Banks in Australia take a new tack
      980 7  -  From FLORENCE CHONG BANKS and real estate brokers are teaming up in Australia in a trend that could "deinstitutionalise" banking services. US-based Citibank has embarked on a joint venture with Australia s largest franchise real estate chain, L J Hooker to sell housing
      980 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      104 7 FOR SALE RETAIL SPACE FOR INVESTMENT (No restriction to foreigners) Total Area: 14,553 sq. ft. (1.352 sq. m.) (available in 3 strata titles) Located strategically on the ground floor within Bukit T imah Pla/a in Bukit Tunah Road, the space is an excellent investment opportunity The entire area is let
      104 words
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      Page 7 Advertisements Column 2
      224 7 Now twice a week to Mauritius ./i a p. e With flights on Monday and Saturday, we're making it twice as easy to reach the magic of Mauritius. And, with its superb natural beauty and exuberant night-life, Mauritius promises twice the fun. Azure blue lagoons for skiing, surfing and snorkelling.
      224 words
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  • COMMODITIES
    • Article
      Lock icon Aramco charter being drafted
      368 8 AP SAUDI ARABIA is drafting a new charter for Aramco, seeking joint ventures with the four US oil companies that formerly owned the oil giant, an oil newsletter has reported. The Middle East Economic Survey said on Monday the company would probably be called Saudi National
      AP  -  368 words
    • Article
      Lock icon Oil prices to firm, says Indonesian minister
      106 8 AFP OIL PRICES will firm towards the end of May and in June owing to increased demand and lower reserves. Indonesian Mines and Energy Minister Ginanjar Kartasasmita has said. Market fundamentals such as an envisaged drop in production and stocks, increased demand and
      AFP  -  106 words
    • Article
      Lock icon South Africa getting better prices for its coal exports
      251 8 AFP SOUTH AFRICA is getting better prices than last year for its coal both in Europe and the Far East, mainly because China is failing to fulfil its contracts, coal tycoon Graham Boustred has said. Mr Boustred. head of Amcoal, the
      AFP  -  251 words
    • Article
      Lock icon Palm Oil
      417 8 Bernama ES MALAYSIAN crude palm oil futures on the Kuala Lumpur Commodity Exchange closed higher in slightly steadier trading yesterday. Dealers said the market opened higher in line with the higher CBT soyoil market. May was up by $3 to M 5954 a tonne, June rose $5 to
      Bernama ES  -  417 words
    • Article
      Oil and Products
      98 8 PRODUCT prices remained firm and the sentiment is bullish as regional demand continues to be strong The regional crude market stagnated. Closing prices for crude (FOB origin) USS borral Oonga Topn (May) 17.15 undi Mmo« (Moy) 16 18 Dubai (June) 15.15 0.07 WM T«.O< Imarmodial*, WTI (Jun«)*
      98 words
    • Article
      Lock icon Wheat
      174 8 Reuter CBT WHEAT futures closed four to 2-3/4 cents a bushel higher yesterday. July rose 3-1/2 cents at $3.11. While the lack of rainfall in US and Canadian spring wheat growing areas provided fundamental strength to the market, traders also cited rumours of new export business and sympathetic support
      Reuter  -  174 words
    • Article
      Lock icon Soybean
      115 8 Reuter CBT SOYBEAN futures rallied once again on Monday, despite weekend rains in the midwest, finishing at new contract highs July ended eight cents higher at $7.10-3/4 a bushel. Soybean prices' started lower after weekend rains swept the midwest, but heavy winds sapped some of that moisture, and traders
      Reuter  -  115 words
    • Article
      Lock icon KL Tin
      198 8 Reuter THE Kuala Lumpur Tin Market closed unchanged from Monday at M 517.39 a kg in fairly quiet trading, dealers said. Both buyers and sellers decided to close deals at the opening level of $17.39, and a total of 59 tonnes were transacted at the close, down from
      Reuter  -  198 words
    • Article
      Precious Metals
      333 8 HONGKONG: The metal closed slightly higher in fairly quiet trading yesterday after some short-covering by overseas investors in the morning session, dealers said. The purchases were mainly in response to the weak tone of the US dollar. However, the rally stalled following late local profittaking. they said. The
      333 words
    • Article
      Produce Prices
      241 8 Chinese Produce Exchange Sellers' noon dosing prices on May 10 (Sj/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 61 sellers Pepper Muntok white FOB NIW 1090.00 Sarawak white FOB foq NLW 1075.00 Sarawak ipecial block FOB NLW 655.00
      241 words
    • Article
      Lock icon Rubber
      323 8 Reuter SINGAPORE The market closed sharply higher yesterday with June 1 RSS buyers quoted at 246.50 cents a kilo, up five cents from Monday's close. After a steady opening at around overnight levels, prices rose steadily thereafter in moderate trading on speculative buying and short-covering following firmer Tokyo advices,
      Reuter  -  323 words
    • Article
      RAS and MRELB
      280 8 R AS prices tn S cents/kg, FOB in bmk M NOON CLOSE Buyers Sellers Buyers Seller: Int 1 RSS Prompt 244.50 245.50N 248.00 249.00N Int 1 RSS June 88 243.00 244.00N 246JO 247JO Ww 1 RSS July 244.00 245.00 247JO 248-50 Int 2 RSS OP 241.00 243.00N
      280 words
    • Article
      SSR and SMR
      83 8 (cann/kg) JUNE 1988 JULY 1988 (currant month) (forward month) RAS NOON NOON Buyan Stiltn tuyn S«||*rt SSC 20 225.00 227.00N 225.00 227.00N SSR 50 223-50 225.50N 223JO 225JON MRELB >wy*r* S»ll*n Iwyan 5,11, n SMR CV 38) .50 383-5 ON 382.50 384JON SMR L 413.50 415 JON
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    • Article
      London markets
      309 8 London Commodity Exchange Buyer/Seller dosing prices on May 9 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-itofe London, sellers option CIF London May 1051/1053 (1055/1058) High/Low 1055/1045 Jul 1072/1074 (1078/1079) High/low 1076/1064 Sales (3679) Cocoa Moy 914/916 (908/910) High/Low 916/912 Jul 932/933 (927/928) High/Low 937/930
      309 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      189 8 Meet Mario Marchetto. The Chef who should have been a songwriter. Elton John wrote Candle In The Wind for Marilyn Monroe. Carly Simon penned You're So Vain for Warren Beatty. Chef Mario from Lugano, Switzerland cooked up Lamb Cutlets Villeroi for an old flame. And we do mean cooked up.
      189 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Blissful flight for SIA
      218 9  -  By TIANG PEK YIN "SINGAPORE BLISS a new perfume commissioned by Singapore Airlines will join other inflight items for sale to passengers from May 23. The perfume exclusive to the airline was created by Dr Dadi Balsara, managing director of Perfumes of Singapore Re Ltd. He
      218 words
    • Article, Illustration
      Alliance's first step to the East
      645 9  -  Company keen to base its eastern operations in Singapore By MONICA GWEE LOOKING EAST for the UK company, the Alliance International Group, was a matter of setting foot in Singapore or Hongkong. "It seems right if we are coming in to the East, that
      645 words
    • Article
      'Go global but aim local'
      576 9 THE MARKETING of financial services will have to be approached globally but targetted locally if companies involved in such services are to succeed and grow. Addressing delegates at the International Advertising Associations World Advertising Congress in Sydney last week, Mr James Li, president and general
      576 words
    • Article
      Centre for creative talent gets closer study
      626 9  -  By GENEVIEVE CUA THE IDEA of the Creative Circle Awards organised by a body independent of the 4As has been tossed about for more than three years. But it now appears that concrete steps are being taken to turn the talk into action.
      626 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      38 9 rfr snCnato, A. CfasSc &*<t£ *tl£4L (£ptdf<?H, tff 'ittf&vZtiX?"t&.'Vti-c OsCt/",' *A&d£3~t<>r~rfxh&C ?p cepff-r /j&feas&Hvw /w*4b xu*z, *Swtr vtcejv favxA* 94r<Gt~/ft- i<) MMtii/isUtitC rffxnC v&t ria&itr /i<* fi+<4Xr Account Manager ftftf &ifi&#i§ Wa i*fT%)S *****55 H MartinCopus JR«S (*tm£iSW<i£&
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  • PERSPECTIVE
    • Article
      The ball is in Mitterrand's court
      487 10 SOCIALIST LEADER Francois Mitterrand's convincing victory in the French presidential elections presents him with an opportunity to realign the political forces within the country. Already, there have been calls for a dissolution of the 577-seat National Assembly, where rightwing forces hold a clear majority.
      487 words
    • Article, Illustration
      British retail giants vie for HK consumer money
      1423 10 BRITISH retailing giants Marks Spencer and British Home Stores last week began battling for a share of Hongkong's fiercely competitive retail market. Marks Spencer opened its first Hongkong store last Friday, though its brand products which carry the St Michael name have
      1,423 words
    • Article, Illustration
      Lock icon Japanese going down Mexico way
      931 10  -  US trade restrictions drive Japanese companies to set up shop in Mexico. BERND DEBUSMANN reports. BERND DEBUSMANN Reuter JAPAN is invading the rich markets of the US from new beachheads on the Mexican border. Since 1986, the Japanese presence on the border has increased dramatically,
      Reuter  -  931 words
    • Article, Illustration
      Lock icon Factional and clan rivalries rule
      949 11  -  Fiji: One year after the military coup By PETER O'LOUGHLIN AP A YEAR after a military coup ended democratic government in Fiji, the racially-divided South Pacific nation is still reeling from the effects of the area's first military takeover. Gross domestic product is down 11
      AP  -  949 words
    • Article, Illustration
      Lock icon Why trade barriers will continue to fall
      989 11 Despite the major advances in freer trade over the past four decades, fears continue to exist about non-tariff barriers. Now one economist warns that voluntary export restraint may give way to voluntary import expansion, favouring the more powerful countries. The Economist ONE OF
      The Economist; Source: Bhagwati; US Department of Commerce  -  989 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      189 10 The legend in Jakarta takes you to the heart of business matters ii* a MANDARIN OR I ENTAL JAKARTA Mandarin Oriental Jakarta is well placed our garden terrace by the sparkling pool, to be the ideal hotel for busy For business entertainment, executives. It is the only grand luxe hotel
      189 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1256 11 TOaasaoiiQa PM Opening ond Programme Highlights followed by Fashion TV. This week, videogropher Shiela Cameron goes to a glass blowing factory in Venice to find out about the dying Venetian art of glass blowing. Also featured ore Hollywood's illustrous swimweor company, Cole of California and super ski-wear by Canadian designer
      1,256 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      689 11 mm® CRYPTIC PUZZLE ACROSS 1 Quietude in parts of Penzance (5) 6 Lambeth Walk, say? (5) 9 He has a blow possibly to heal (7) 10 Move fast as a Briton going round a circuit (5) 11 Shrewd about tinned food? (5) 12 Give instruction in art? (5) 13 Copse
      689 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Wilander past first round in Rome
      520 12 UPI DEFENDING CHAMPION Mats Wilander of Sweden, still getting used to the slow red clay, destroyed the giant-killing hopes of Italy's Francesco Cancellotti in the first round of the U*****,000 Italian Open tennis championships on Monday with a 7-6 (11-9), 6-1 victory. Eighth-ranked Argentine
      UPI  -  520 words
    • Article, Illustration
      Lock icon Queens Club taking cautious stand on possible McEnroe return
      319 12 AP A HUSH OF ANTICIPATION, tinged with a little apprehension, is hanging over an exclusive tennis club in West London. John Patrick McEnroe may be coming back. "It's a very delicate situation, my friend." said Clive Bernstein, tournament director of the
      AP  -  319 words
    • Article, Illustration
      Lock icon Budd to take a break
      331 13 AFP MEDICAL ADVICE has led runner Zola Budd to announce that she is quitting international competition at least for the time being. The 21-year-old South Africanborn athlete, who had hoped to compete in the Seoul Olympics for Britain, said in a statement in London on
      AFP  -  331 words
    • Article
      More opportunities across Causeway for local golfers
      460 13  -  By WALTON MORAIS SINGAPORE'S professional golfers are in for a Msl.s million financial bonanza now that the Malaysian Professional Golfers' Association has lifted its restrictions on the number of locals allowed on the Malaysian circuit. This year, any number of "good players'' from
      460 words
    • Article
      Lock icon Squash pros rewrite rule book to attract spectators
      323 13 Reuter TOP PROFESSIONAL squash players have decided to introduce sweeping rule changes in a bid to make the sport more attractive for spectators. The International Squash Players Association (Ispa) agreed on Monday to change the scoring system, service rules and one aspect
      Reuter  -  323 words
    • Article, Illustration
      Lock icon Spinks sees fight as 'death match'
      462 13 Reuter MICHAEL SPINKS, already intensively training tor his heavyweight title fight at the end of next month against undisputed champion Mike Tyson, has said that he sees it as a "death match". Spinks, who worked mostly on in-fighting in the four rounds he sparred
      Reuter  -  462 words
    • Article, Illustration
      Lock icon Twins earn place in record books
      213 13 UPI TOP CHALLENGER Khaokor Galaxy on Monday wrested the World Boxing Association bantamweight title from Wilfredo Vasquez of Puerto Rico with a hard-fought, and hotly disputed split decision in Bangkok. The victory made Khaokor and his identical twin brother Khaosai, the WBA world junior
      UPI  -  213 words
    • Article, Illustration
      Lock icon Gatting named England skipper
      235 13 AFP MIKE GATTING was appointed England's cricket captain on Monday tor the one-day matches and first two Tests against the West Indies this year, but the Middlesex all rounder refused to accept that he was on trial. His position will be reviewed after the first two
      AFP  -  235 words
    • Article
      Lock icon Change of boots does the trick for Lillee
      346 13 Reuter DENNIS LILLEE, with a change of boots and a reduced run-up, turned his English county cricket debut for Northamptonshire into a personal triumph by capturing a match-winning six for 68 on Monday. The former Australian Test fast bowler showed undiminished hostility
      Reuter  -  346 words
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      Page 12 Advertisements Column 1
      998 12 4 COURVOISIER XO~ Where to eat, drink... The Szechuan Experience with the Meisan Difference Sawur the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavours. And discover the exquisite art iiCICAM of true enjoyment. iTULldnll At the Meisan. LXumctmtety Inumtctarty Meisan Royal Singapore 25 Scotts Road,
      998 words
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      Page 12 Advertisements Column 2
      228 12 Bnvmn 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) A 0 I For reservations call *****11 ext 721, The
      228 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      347 13 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES, PALM For between $26+4-and $40+ I y° u can sc ect from our appetiser OKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main
      347 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Stocks still falling, but small change in prices
      4828 14 SHARE PRICES on the Singapore stock market continued to slide yesterday with local blue chips bearing the brunt of selling although most price changes were small. The Straits Times Industrial Index fell 5.13 points to 966.77, extending Monday's fall of 4.16 points
      4,828 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Do higher earnings always mean higher dividends?
      886 15 Mm mm™ By HOCK LOCK SIEW WHAT SHOULD cash-rich companies do with their surplus funds? Should they follow tradition and hold on to them jealously or do the novel thing and distribute them to shareholders through higher dividends? This was the poser raised
      By HOCK LOCK SIEW  -  886 words
    • Article
      Mandarin denies interest in Thai project
      269 15 HOTEL CHAIN Mandarin Singapore International has denied that it is proposing to take over the hotel project in Thailand's World Trade Centre Bangkok. Refuting a recent article in the Bangkok Post, a spokesman for MSI yesterday said there had only been "casual dialogue" with
      269 words
    • Article
      Business done on the SES
      3452 15 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,452 words
    • Article
      Lock icon Shares part of deal for highway contractors
      541 15 MBT CONTRACTORS involved in the mammoth North-South Highway (NSH) project are expected to be paid in both cash and shares, a departure from the cash terms of most other projects It is understood that some 87 per cent of the payment will be
      MBT  -  541 words
    • Article
      Haw Par group borrows $36.5m in short-term loans
      326 15 HAW PAR Brothers International Ltd sharply raised its short-term borrowings last year as the group moved towards a more highly-geared position. The diversified investment holding giant borrowed a total of $36.5 million in short-term loans for the year ended Dec 31, 1987,
      326 words
    • Article
      MBL not appealing against NZ High Court judgment
      398 15  -  By LONG SHIH ROME MALAYAN BREWERIES Ltd (MBL) has decided not to appeal against the New Zealand High Court's judgment last week concerning the validity of a meeting approving Lion Corporation's merger with LD Nathan. In a statement yesterday, MBL group general
      398 words
    • Article, Illustration
      SML expects to match last year's profit
      273 15 TOWING and salvage group Sembawang Maritime Ltd expects to maintain its performance for the current year after posting a 225-per cent rise in after tax profit to $8.25 million last year. In the group's annual report, chairman C N Watson said salvage work
      273 words
    • Article
      Lock icon NST announces group profit of M$10.84m
      196 15 MBT THE NEW STRAITS Times Press has announced a group profit of M 510.84 million after tax and minority interests for the six months ended Feb 29, a 128 per cent rise from the previous period. At the pre-tax level, profit stood at M
      MBT  -  196 words
    • Article
      Unit trusts
      285 15 Managers' prices for May 11 Singapore Unit Trust The Commerce 096 102 Th* Sovings fund 081 087 S pore Prog Fund 039 043 S pore Sec fund 064 069 S pore Invest fund 068 073 S pore Equity fund 046 050 Asia Unit Trust Mat lnv**t fund 1
      285 words
    • Article
      COMPANY MEETINGS
      113 15 MALAYSIA MINING CORPORATION Berhad: 12th AGM at the International Hall. Ground Floor. The Merlin Hotel. No.2. Jalan Sultan Ismail. ***** Kuala Lumpur today at 11am. INTERNATIONAL TRUST FINANCE Limited: 20th AGM at 65 Chulia Street. #19-00 OCBC Centre, Singapore 0104 tomorrow at noon. HARIMAU INVESTMENTS Limited: 15th AGM
      113 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      57 15 ftocknRoV/ Hear the sounds of the\ 60's featuring #1 Revival Band The Hi-Jacks Monday to Thursday 9pm to 1am Friday to Saturday 9pm to 2am NO COVER CHARGE i RESTAURANT Metro Paragon, 290 Orchard Road #03-02 Paragon Buidng Sngapore 0923 Tet: *****38. *****49 Entrance through Bidetord Road after 9 30pm
      57 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Japanese turning wary of high Tokyo stock prices, according to brokers
      511 16 Reuter THE TOKYO stock market has scaled record-breaking heights, outperforming Wall Street and other bourses to the point where it is scaring some Japanese investors away, brokers polled by Reuter said on Monday. "Last October we had lower stock
      Reuter  -  511 words
    • Article
      KL ends mixed
      2586 16 THE KUALA LUMPUR stock market closed mildly higher yesterday in sluggish trading. Business volume shrank further, dipping to below 10 million shares done. The only flutter of activity was seen in a few speculative and lower-priced counters which attracted some semblance of interest in an otherwise featureless
      2,586 words
    • Article
      Lock icon Stocks close weaker
      1437 16 Hongkong Reuter HONGKONG share prices closed weaker yesterday but off their lows on late buying support, brokers said. The Hang Seng Index fell 21.01 to end the day at 2,563.02 after losing about 40 points in the late morning. The Hong Kong Index shed 14.84 to 1,693.74.
      Reuter  -  1,437 words
    • Article
      Seoul
      123 16 MAY It WON b Kai Kanowon Ind ***** ***** unch -100 unch 600 -400 400 unch -700 300 Kia Motor Koton Ind ***** Oaalim Ind Daawoo Corp Daawoo Heavy Datahm Sacuntiaa Dong Ah Phar ***** ***** ***** ***** Koraa Long Tarm Lucky Lid Oriantal Brawary Onantal Cham ***** *****
      123 words
    • Article
      Lock icon Tokyo
      486 16 Reuter TOKYO share prices yesterday closed up on speculative buying and bargain-hunting after three days' worth of losses, brokers said. But Wall Street's weakness and the (JS Treasury quarterly refunding this week kept some investors sidelined. "There is uncertainty overseas, which may affect foreign exchange rates." said a broker
      Reuter  -  486 words
    • Article
      Lock icon Sydney
      412 16 Reuter THE AUSTRALIAN share market closed lower yesterday. sinking to its weakest level for six weeks, despite a marginal improvement in selected stocks late in the session. Brokers said that although local buyers appeared in the afternoon, they lacked aggression to turn the market around. "It was another pretty
      Reuter  -  412 words
    • Article
      Taipei
      238 16 MAY 19 NT -4 25 05 46 90 •09 Kuochan Dev Laa Chang Yuan 60.50 -1.5 15 86 50 76 00 -1 102 50 •2 5 76 50 unch Chang Hwa Bank Cheng Loong 437 00 54 50 -13 1.5 Pacific Cons Pacific Elact Wire 79 00 59 50
      238 words
    • Article
      Lock icon Bangkok
      161 16 Reuter THE SECURITIES Exchange of Thailand Index fell 2.74 to 414.07 on a turnover of 3,849,828 shares worth 517.11 million baht. Reuter MAY It I IAHT Ao Kham Thai 246 -26 Ayudhya Investment 390 -12 Bangkok Aground 134 •3 Bangkok Bank 329 •4 Bank Of Ayudhya 352 -2 Charoong
      Reuter  -  161 words
    • Article
      Manila
      74 16 MAY 1« KtOt Marstaal Oriental B 0 045 0.002 Phil Ovaraaaa 0034 0003 AcO)« Mining Anglo Phil 0 01 0 q uncft Apa« Mining B 0031 uncti pCdt 190 Atlas Con B 22 -05 San Migual B 165 uncti unch 0 016 0 001 Saatront 0 021 B«r>guet Con
      74 words
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      Page 16 Advertisements Column 1
      563 16 NOTICES IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 Pursuant to Section 290<1)(b) RIGBLAST SINGAPORE PRIVATE LIMITED On the 6th day of May. 1988 the following special resolutions set out below were deemed to be duly passed at an Extraordinary General Meeting of Rigblast Singapore Private Limited pursuant to
      563 words
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      Page 16 Advertisements Column 2
      484 16 In The Matter of The Companies Act Cap 50 And In The Matter of CPA2 CONSULTANTS PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up At an Extraordinary General Meeting of the members of tbe abovenamed Company duly convened and held at 6th Floor, ÜBN Tower, 10 Jalan P. Ramlee
      484 words
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      Page 16 Advertisements Column 3
      471 16 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND YUKU APPAREL PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 50 Jin. Sultan #21-04 Jalan Sultan Centre, Singapore 0719 on 6th day of May 1968 the following Special
      471 words
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      Page 16 Advertisements Column 4
      9 16 Managers must manage BT shows you how every Monday
      9 words
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  • WORLD MARKETS
    • Article
      Lock icon Fourth straight decline for Dow
      1014 17 New York Reuter WALL STREET s dilemma over higher interest rates and inflation was the catalyst for a fourth straight decline on Monday that left stocks below the Dow 2000 level for the first time in more than two weeks. Volume was moderate, bolstered by
      Reuter  -  1,014 words
    • Article
      Lock icon Equities open lower
      1024 17 London Reuter MARKET MAKERS in London took evasive action yesterday after Monday's fall on Wall Street and pushed equity prices down strongly although trading volume in early business was fairly light, dealers said. "The Dow's dip below 2,000 for the first time in two weeks is not
      Reuter  -  1,024 words
    • Article
      Untitled
      1083 17 Selected indices HONGKONG Hongkong Index T uesdoy -693 74 Monday 1 706 58 Week ogo 1.718 53 All Industrials Tuesday Monday Week ogo NEW YORK 2 266 0 2 285 2 2 329 6 Hang Seng Index Tuesday 2.***** Monday 2.5ft* 03 Week 090 2.602 60 Dow Jones Monday Friday
      1,083 words
    • Article
      Lock icon Difficult times for Campeau as Morosky resigns
      250 17 FT ROBERT CAMPEAUs ambitious US$6 4 billion acquisition of Federated Department Stores has run into difficulty less than a week after the outspoken Canadian developer formally gained control of the large US chain. The resignation of Mr Robert Morosky, president of Campeau Corp's
      FT  -  250 words
    • Article
      Lock icon 'Single EC market will change corporate Europe'
      382 17 FT THE UNIFIED internal market planned by the European Community for 1992 could lead to a radical change in the corporate shape of Europe, Lord Cockfield, EC Commissioner responsible for the internal market, said in London on Monday. Companies will become larger and
      FT  -  382 words
    • Article
      Lock icon French financial group to raise five billion francs
      389 17 FT COMPAGNIE FINANCIERE DE SUEZ, the French financial group, announced on Monday a new package of fund-raising operations totalling about Ffrs billion (U*****.7 million) to complete the cost of its acquisition of a Ffr6.B billion stake in Societe Generate de Belgique and
      FT  -  389 words
    • Article
      Lock icon Toy industry fortunes suffer wild swings
      519 17 Reuter US-BASED TOYMAKERS Coleco and Worlds of Wonders. faced with mass layoffs. boardroom shake-ups and clashes with creditors, reflect an often-tumultuous industry where fortunes can be made one year and lost the next. "It's like the movies and apparel business," said market analyst David
      Reuter  -  519 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      241 17 NOTICE NOTICE IS HEREBY GIVEN that, I Yong Chee Seng of Blk 377 Clementi Ave 5 #12-312 Singapore 0512, has applied for a Ist Class Beer House licence in respect of premises at M/s Kim Hoe Eating House at Blk 150 Bukit Batok St 11, #01-224 Singapore (2365), and that
      241 words
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      Page 17 Advertisements Column 2
      846 17 NOTICE NOTICE IS HEREBY GIVEN that, I Lim Ah Lek of Blk 140 Toa Payoh Lorong 1A #01-56, Singapore (1231), has applied for a Retail Liquor Shop Licence in respect of premises at M/s Lim Thiam Joo Wine Trading Co at 5001 Beach Road #01-88 Golden Mile Complex, Singapore (0719),
      846 words
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  • Article
    US trade bill may bring more complaints of unfair trade
    598 18  -  Singapore could benefit in the long run By LOH HUI YIN SINGAPORE may have to deal with more complaints of unfair trade if a trade bill passed by the US Congress becomes law in its present form. But in the
    598 words
  • Article
    Lock icon Japan likely to impose capital gains tax
    247 18 Reuter JAPANESE Finance Minister Kiichi Miyazawa has told parliament that the tax councils of both the government and the ruling Liberal Democratic Party feel that capital gains from securities transactions should be taxed. The ministry is ready to draw up bills on possible
    Reuter  -  247 words
  • Article
    Steel industry cleared of countervailing charges
    476 18  -  By BOEY KIT YIN WHILE ball bearing manufacturers in Singapore are facing US anti-dumping charges, the local steel industry has been cleared by the US government of exporting with the help of subsidies. This is the second time in just two years that the
    476 words
  • Article, Illustration
    DBS Land, NISM team up to buy Phoenix Building
    441 18  -  -By Boey Kit Yin PROPERTY company DBS Land has teamed up with local steel company National Iron and Steel Mills (NISM) for the first time in a successful bid to buy Phoenix Building from the Hongkongbased CYTung group. With a tender
    441 words
  • Article
    Lock icon Japanese, South Koreans investing in Sri Lanka
    308 18 Bernama ES JAPANESE and South Korean investors have set their eyes on Sri Lanka to set up export-based industries because of recent wage rises in East Asian nations. From last year, a large percentage of foreign investors seeking to set up industrial ventures
    Bernama ES  -  308 words
  • Article
    Lock icon Colombo signs peace pact
    135 18 AP THE SRI LANKAN government yesterday signed a peace agreement with a Sinhalese extremist group to end a terrorist campaign that has taken at least 260 lives. Lalith Athulathmudali, Sri Lanka's national security minister, said yesterday that the accord called for members of the Sinhalese Peoples'
    AP  -  135 words
  • Article
    Lock icon 'China's economy at critical stage'
    139 18 AP A LEADING Chinese economist said yesterday that China has reached a crossroads that could lead to the prosperity of greater reform or the dangers of a return to Soviet-style state planning. Li Yining, dean of the Economic Management Department at Beijing University, said he
    AP  -  139 words
  • Article
    Lock icon ISA detentions raise concern in Canberra
    62 18 AFP THE AUSTRALIAN government yesterday called in Singapore s High Commissioner in Canberra to express concern over political detentions in the Reoublic. A spokesman said that during an amicable 40-min-ute meeting, a senior Foreign Affairs official had told Singapore High Commissioner J F Conceicao
    AFP  -  62 words
  • Article, Illustration
    Peter Tham loses appeal against 8-year sentence for forgeries
    361 18 PETER THAM WING FAI, former director of Pan-Electric Industries. yesterday lost his appeal against an eight-year sentence for forging share certificates. Mr Justice F A Chua dismissed his appeal, pointing out that Tham had audaciously carried out the forgeries and that
    361 words
  • Article
    Lock icon PNB plans to invest bulk of Guthrie sale proceeds in foreign equities
    371 18 MBT PERMODALAN Nasional (PNB), which recently sold its controlling stake in London-based Guthrie Corp for about Ms6oo million, intends to use the bulk of the proceeds to undertake international portfolio investment. PNB chief executive Datuk Abdul Khalid bin
    MBT  -  371 words
  • LATE FILE
    • Article
      Lock icon Manila to sell off more public firms
      50 18 Reuter PHILIPPINE President Corazon Aquino has approved the privatisation of six more Philippine government-owned corporations, Finance Secretary Vicente Jayme said in Manila yesterday. Corporations to be sold include Philippine Airlines, the Philippine Associated Smelting and Refining Corp, and the National Steel Corp. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Westpac raising prime to 13.75pc
      69 18 Reuter WESTPAC Banking Corp is to raise its Australian prime lending rate to 13.75 per cent from 13.5, effective from May 17. It is the last of the Big Four Australian trading banks to increase the prime rate to 13.75 per cent in the last
      Reuter  -  69 words
    • Article
      Lock icon US official in Seoul for talks
      44 18 UPI US DEPUTY SECRETARY of Defence William Howard Taft IV arrived in Seoul for a 24hour visit yesterday to talk with South Korean officials about sharing more of the financial burden of America s far-flung military commitments. UPI
      UPI  -  44 words
    • Article
      Lock icon Radical students stage protests
      58 18 AP HUNDREDS of radical South Korean students tossed firebombs yesterday into columns of riot police outside Korea University's campus as they urged the government to give North Korea a role in staging the Olympics. The violence continued for more than two hours, with most of the
      AP  -  58 words
    • Article
      Lock icon Red Army member arrested
      48 18 AFP JAPANESE POLICE have arrested a member of the Japanese Red Army who allegedly hijacked a Japan Air Lines plane to North Korea in 1970. The National Police Agency said yesterday that Yasuhiro Shibata, 34, was arrested near his Tokyo apartment last Friday. AFP
      AFP  -  48 words
    • Article
      Lock icon Volcanic eruption sparks exodus
      43 18 UPI MORE THAN 2,000 villagers from Gunung Api fled to nearby Banda Neira in Indonesia when the volcano that dominates their island erupted for the first time in 87 years, according to reports yesterday. No casualties were reported. UPI
      UPI  -  43 words
    • Article
      Lock icon New Delhi blast
      33 18 AFP AT LEAST one person was killed and more than 10 injured when a bomb hidden in a suitcase exploded in the New Delhi offices of Citibank yesterday, police said.
      AFP  -  33 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      62 18 THINKING OF STARTING A BUSINESS A Sphere Reference 'Our, HANDBOOK Your Guide to Starting and Running a Business Provides practical guidance on all aspects of setting up and running a business. Finance Structure Marketing and Selling Book Keeping How to cope with growth STP Distributors 2 Jurong Port Road, Singapore
      62 words
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      Page 18 Advertisements Column 2
      6 18 Protest against foreign 'meddling', Page 2
      6 words
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      Page 18 Advertisements Column 3
      253 18 HERE ARE JUST SOME OF THE REASONS WHY COMMUNICASIA/INFOTECHASIABB IS ASIA'S PREMIER COMMUNICATION EVENT It's the total electronic communication event Everything you need to solve your communication problems will be there, in all forms: voice, image, data, text. There'll be more than 400 exhibitors from 28 countries And an exhibitor
      253 words
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  • SHIPPING TIMES
    • Article
      Lock icon Marina urges operators to retaliate against any ITF action
      230 19 Seatrade Week THE MARITIME Industry Authority in the Philippines is urging ship operators to fight in court any move by the International Transport Workers Federation to boycott or interdict Philippine-flagged vessels, and to put up a common defence fund for the
      Seatrade Week  -  230 words
    • Article
      P Klang's new berth will be ready by 1990
      302 19  -  By G DURAIRAJ THE NEW CARGO berth that is being constructed at a cost of Ms 23 million at Port Klang is expected to be ready by early 1990. Work started recently on the additional berth, located between conventional berths No
      302 words
    • Article
      PSA's first international bunkering conference
      307 19 THE PORT of Singapore Authority is organising Singapore's first international bunkering conference in September. The theme of the conference, Singapore Bunker Port of the *****, is aimed at promoting the Republic as a premier bunkering port. About 300 delegates from the shipping, oil and bunkering
      307 words
    • PORTSIDES
      • Article
        Lock icon New agency company
        173 19 Bernama HARPER WIRA and Perkapalan Kris have set up a joint venture company. Kris Pahlawan. to operate coastal shipping, warehousing, and transport services. said Klang Port Authority's bi-monthly publication. Warta. Harper Wira has a 60 per cent stake in the new company, it added. PKA branch manager
        Bernama  -  173 words
      • Article
        Lock icon Raising inland haulage rates
        46 19 Reuter THE India-Pakistan-Bangladesh and Ceyton Shipping Conferences will raise inland haulage rates in the UK and the Republic of Ireland by around 4 per cent with effect from July 1. the conference said. It gave no details of the haulage rates. Reuter
        Reuter  -  46 words
      • Article
        Lock icon Drop in number of strikers at Lenin
        119 19 UPI SUPPORT appears to be dwindling for a 9-day-old strike by 1,000 Lenin shipyard workers demanding a pay increase of US$5O a month and official recognition of Solidarity trade union, banned since 1982. Solidarity founder Lech Walesa late Monday cautioned his followers not
        UPI  -  119 words
    • Article
      CONSORTIA
      163 20 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 Nedlloyd
      163 words
    • Article
      Lock icon The bridge or carrier — which one is at fault?
      107 20 The bridge or carrier which one is at fault? Reuter INVESTIGATORS are trying to discover whether the Baltimore and Ohio railroad bridge over the Calumet River near Chicago collapsed onto a Greek bulk carrier or whether the ship collided with the bridge. Lloyd's Intelligence Service reported The incident occurred at
      Reuter  -  107 words
    • Article
      Lock icon Arab repair yard enjoys profit due to Gulf attacks
      623 20 AP REPEATED attacks on merchant shipping made 1987 the best year for business at a Gulf shiprepair yard since it opened a decade ago The Arab Shipbuilding and Repair Yard, or Asry. one of two repair yards in the Gulf, said
      AP  -  623 words
    • Article
      Lock icon Japanese ministry issues fewer newbuilding permits
      106 20 Reuter THE JAPANESE Transport Ministry issued shipbuilding permits in April for a total of 240,847 gross registered tonnes (grt), down from 261,550 grt in March, a ministry official said. However, the April permits were for 11 ships, up from eight in March. This compares
      Reuter  -  106 words
    • Article
      Lock icon Police occupy Bilbao shipyard after lock-out
      134 20 Reuter POLICE occupied a shipyard in Bilbao on Monday after the management ordered a lock-out following clashes between police and workers in the Basque city, unions said. Workers have fought Police almost daily in past weeks in protests against lay-offs and restructuring plans for
      Reuter  -  134 words
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      INDEX TO ADVERTISERS
      1170 20 AS Shpg V 5 ABC Contomer IX 1 Accord Shpg vi 3 Ahf«nk«e' lin#f XI 3 Afnco Ocean XN 2 Alltrons VN 3 AC Toepler XI 5 American Tp» H 4 5 Anro Service IV 2 3 Ar'Ow lines IX 5 AsKJn Ocean XI 4 Assoc Car
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    • Article
      Lock icon Truck drivers block ferry berths at Dover, Calais
      502 21 Reuter HUNDREDS of truck drivers blocked ferry berths at Dover and Calais in anger as hopes of resolving a three-month-old ferry strike by British seamen sank on Monday. A French-crewed ferry belonging to Sealink UK Ltd was immobilised at Calais after about
      Reuter  -  502 words
    • Article
      Lock icon Seventeen missing after boat collides with US ship
      225 21 AP SEVENTEEN Chinese fishermen are missing after their boat was struck by a US cargo ship. The official New China News Agency said only three of the 20-man crew of the Jiangsu Lianyungang 519 fishing boat survived the May 6 collision with
      AP  -  225 words
    • Article
      Lock icon WEEKLY FREIGHTS
      781 21 AFP RATES on the dry cargo market, which had weakened progressively over the past six weeks, turned upwards on tears ot a shortage of available tonnage with the approach of summer. The Biffex (Baltic International Freight Futures Exchange) index moved ahead on Thursday for the first time since
      AFP  -  781 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8456 26 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.
      8,456 words
    • Article
      Who acts for whom...
      2088 28 *A. B fc] -XmShipping Bouatead Shpg Agenciea dtl Containerline NV S pore Shpg (S) *^peord Shpg Accord Shpg (S) «i. -AJrtc* Ocmo Linee SMlion Shpg (S) •Aftfenkiel Liner Kim Shpg (S) *AIW»d C Toepfer Ocmous Shipping Agencies (S) Multipon SOn Bhd (PK) Alltrans Alltrsns Expreaa American
      2,088 words
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      LONDON FREIGHTS
      1219 28 ARGENTINA'S main grain export season made its presence strongly felt in active earlyweek grain voyage fixing on Monday on the London shipping freights market Richco took the Zara with 24.000 tons for spot shipment from the River Plate to two ports in the Spanish Mediterranean at US$26 (3.500
      1,219 words
    • Article
      Lock icon South Korea in talks with Japan over ship prices
      449 30 Lloyd s List SOUTH KOREAN shipbuilders are proposing talks with Japan to bolster newbuilding prices against undercutting. Yards say they are being forced to raised their quotations to shipowners to meet soaring steel and raw material costs VLCC contract prices of
      Lloyd s List  -  449 words
    • Article
      Tasman Jebsen new chief executive overhauls company's operations
      334 30  -  From Kingsley Wood THE NEWLY APPOINTED South African chief executive of Tasman Jebsen New Zealand Line, Mr Vincent Maroney, has moved quickly to get the operation back to its original base. Previously with Bank Line, Mr Maroney has overhauled overseas agency arrangements.
      334 words
    • Article
      Treasure hunters to be put on trial
      99 30 TEN FOREIGNERS accused of entering Indonesian waters illegally will be put on trial on Saturday, the prosecutor's office said. The 10, three Australians, six Americans and a Briton, have been held at Lantamal naval base in Tanjung Pinang at the mouth of the
      99 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      899 19 > i t>4Xtst*rl ht, TIMES KOS ■>*. t STP Distributors Tanwa Pu6Mwi9 Group WW/ Orient Okiqui CtxLim\ Line Agents JARDINE SHIPPING ACENCIES (Rej No *****4/ OOK) 200 Cantonment Road #12 05 Southpomt, Singapore 0208 Tet *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PCSAKA
      899 words
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      Page 19 Advertisements Column 2
      93 19 mm REPEATED attacks on merchant shipping made 1987 the best year for business at a Gulf shiprepair yard since it opened a decade ago. Page II HUNDREDS of truck drivers blocked ferry berths at Dover and Calais in anger as hopes of resolving a three-month-old ferry strike by British seamen
      93 words
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      Page 19 Advertisements Column 3
      686 19 v V* STP Distributors SIN gaP BE cTRI^ Lt line FAST TRANSIT FROM UNITED KINGDOM FELIXSTOWE/SIN j 22 DAYS 6RANGEMOUTH/SIN: 13 DAYS This meek M Rotterdam Closing Time CY 19/5 0600 H«S CFS 18/5 2000 MRS To Europe—UK Scandinavia Finland LEH FXS AAR Mediterranean Sea This wee* M Rotterdam Closing
      686 words
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      Page 20 Advertisements Column 1
      507 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT BENAVON KAGA OSAKA BAY LIVERPOOL BAY LARGS BAY HONG KONG EXPRESS CARDIGAN BAY P KELANG SOUTHAMPTON 15/5 2/0 HAMBURG BREMERHAVEN ROTTERDAM/I ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN, AARHUS. GOTHENBURG, MALMO, HELSINKI. OSLO. AMSTERDAM, CARIBBEAN S AMERICA CONTAINER SERVICE
      507 words
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      Page 20 Advertisements Column 2
      20 20 /{s"s\ Lines and services represented by AjotlS&\ Members of the Registry of Accredited bhipping Agents, Singapore National K'JKriitAl Snipping Association.
      20 words
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      Page 20 Advertisements Column 3
      718 20 !Si C SAV Corrpantii Sud Amcncanj do i'jpcrcs S A Cf'irjn I mp 2S TO/FROM CHILE FEEDER VESSEL CSAV CSAV 1 CSAV 2 CSAV 3 SPOKE 17/S w •OTHER VESSEL HK LAJA 22/5 A VESSEL 14* CAR CARRIER B VESSEL 24* ARICA KJQ ANTOFVALP SAI «/7 2/7 1/7 10/7 M
      718 words
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      Page 21 Advertisements Column 1
      1086 21 B The Straits Steamship Group mm Mansfield Container Shipping Re Ltd P&O Containers STRAITS SHIPPING Singapore to Sabeh, Sarawak, Bcunei Ports and Bangkok Alio Accepting Cargo For: Kjmfiuf| C«P»W»H«I>. Airhgs. RrttertMi It Aehewp. Meta. I—M—pi— to all UK tatiiwlMm. ft mturf. ttalno Stockholm, Htlunfci. B»l«. Zurich CONTAINERSHIP SERVICE FROM UK/CONTINENT:
      1,086 words
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      Page 21 Advertisements Column 2
      591 21 S SGS I NSPECTION MARINE SURVEYS (IN 140 COUNTRIES WORLDWIDE) SGS SINGAPORE (PTE) LTD 71, AYER RAJAH CRESCENT #07-18 AYER RAJAH INDUSTRIAL ESTATE SINGAPORE 0513 TEL *****50 (MARINE DEPT/INDUSTRIAL DIVISION) TLX: SGS RS ***** FAX; (65) *****27 EUROPE lESSEI BELGIAN SEMTM «F M 7 13 05 REV TOW SEMTM KM
      591 words
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      Page 22 Advertisements Column 1
      390 22 mSINOSE 1 MARITIME PTE LTD JflffJl ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHDAT Singapore 1* W Loading for BANOAR ABBAS BANDAR ABBAS KYOWA LINE RNC/S. PACIFIC SERVICE Singapore Loading for: A VESSEL 30/5 LAE. PMB. RBL, HRA MICRONESIA SERVICE OCEANIA EXPRESS V-14 22/5 YOKO ASIAN
      390 words
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      Page 22 Advertisements Column 2
      768 22 HGSline I HI A CM'WJ f/«» FULLY CONTA INERISED SERVICE TO EUROPE VIA SUfZ A Membft of the Ace Consort'im HillY CONTAIN!RIStD 10 fROM NORTH AMERICA WIS! COASi •FDHKOTHER VESSEL KJJ 43E/HANJIN KWANGYANG 45E KJJ 43E/KOREAN WON IS JIN 75E SSB 65E/KOREAN WONIS SUN TOE SSB 65E/HANJIN BUSAN 8K KCH
      768 words
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      Page 22 Advertisements Column 3
      370 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO LE HARVE: SAILING 14/5 EURO-AFRICA SERVICE FOR: PORTO. LISBON, ORAM, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. PAPUA NEW GUINEA PORT MORESBY, RABUAL, LAE ft MADANG NEW CALEDONIA FIJI ISLAND! NOUMEA 2/6 SUVA/LA UTOKA
      370 words
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      Page 22 Advertisements Column 4
      1221 22 m EVERGREEN Full Container Service tound-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GENERAL EVER GLOBE EVER GAINING EVER GUEST EVER GROUP 20* 2»* ALSO ACCEPTINC CARGO TO: 1) PROVIDENCt NEWARK, SAVANNAH BOSTON PMILAOCLPNIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO DETROIT COLUMBUS OTHER MAJOR MCROSRIOGE DESTINATIONS CRISTOBAL. BALBOA. PANAMA CITY COLON
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      Page 23 Advertisements Column 1
      931 23 v PACIFIC INTERNATIONAL LINES \V\ PIL Building. 140 Cecil Street. 03-00 •Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE 1 VESSEL SEA HAWK KOTA EAGLE SEA HAWK SEA DRAGON VESSEL VOY SEA FORTUNE HII INTEGRA M2l SEA FORTUNE N2l .liv,* SIN SBV SMG SIN
      931 words
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      Page 23 Advertisements Column 2
      360 23 irm BEN LINE CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA. FIJI AND NEW ZEALAND SIN MAIN LINE HKG NOUMEA SUVA AKL NAP TIM 12/5 ACRITAS IS 20/5 17/6 21/6 24/6 27/6 24/5 ARISTOTILIS IS 5/6 2/7 6/7 10/7 12/7 11/6 T ASM AN J3S 20* 17/7 21/7
      360 words
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      Page 23 Advertisements Column 3
      522 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PORE BILBAO ANTWERP H'BURG/ RDAM/AOAM BREMEN OCEAN PRIMA/lOWB 17-20/5 1/7 5/7 UNISIERRA/CP29WB 30/5-2/6 14/7 12/7 PALEMBANG9WB 10-13 6 12/7 15/7 MATARAM/21WB 25-28/6 I—
      522 words
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      Page 23 Advertisements Column 4
      355 23 BOUSTEAD SHIPPING AGENCIES I®* 101KAW V/133W PAGAN VI27W AVA V/ 90 PA AN V/124W PAGAN VUt BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) S'pore 2/12 May 3/SM 4/12 May 11A3 May 21/31 May Loading for Rangoon P.Kelang Penang Bangkok! 12/13 May 4/12 May BANK LINE NORTHBOUND TO UKC TAUSALA
      355 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      594 24 Xlini KAWASAKI KISEN KAISHA. LTD. ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE VIA FEEDER N. AMERICA-ATLANTIC COAST VOY *INDO 'PK/PNG 8/5 15/5 22/5 31/5 N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL KOREAN JACEJIN SEVEN SEAS BRIDGE KOREAN CHANCE ACE CONCORD N. AMERICA
      594 words
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      Page 24 Advertisements Column 2
      320 24 Accepting LCL and container l»ed cargo** Direct to South Africa OSAKA MARU 5339F VIRGO 0301F HAYAKAWA MARU 5435F VAAL 5135G ANJOU 01SG NEDUOYO COLOMBO 5234G Jmrdtnc JAROINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12 05 SOUTHPOINT. SINGAPORE 0201 Tei: *****11 TELEX NO RS ***** TERMINAL/CFS Tel. *****18-220 BOOKINGS
      320 words
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      Page 24 Advertisements Column 3
      806 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* ORIENT SUCCESS V 107 IS Ma. SO MANIPUR V 37H Ma, TICER BAY V lf Mar INDIAN COURIER V 30N 24 May ACIOS ANDREAS V C-l 24 May ORIENT SUCCESS V 101 1 June S 0 NAGALAND V.39H 3 June TIGER BAY VJ7
      806 words
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      Page 24 Advertisements Column 4
      689 24 Wi GOLDEN LINE VQ GIV GUAN GUAN SHIPPING (PTE) LTD V 23. Ttiok Aytf Strsat *—»*l SINGAPORE 0104 TEL 534W1 (10 LINES) F»« S34JSO4 STRAITS/PERSIAN GULF SERVICE: Spo>e P Mang Penang GOLDEN BEAR Colombo Karachi DuM. 20/21 May GOLDEN HARVEST Colombo Karachi Dubai June CHINA SERVICE DAI YUN SHAN Dalian
      689 words
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      Page 24 Advertisements Column 5
      547 24 A iii\J m iTicay 11, i JOO PHILI Oni€NT LIN€S PT€ LTD HEAD OFFICE 63 ROBIKSON ROAO '07 17 AFRO ASIA BUILDING, SINGAPORE 0106 TELEX RS ***** PHIII FA* *****76 east/par emt fci ft lcl samci DUBAI DAMMAN KUWAIT BOMBAY DOHA MUSCAT. BAHRAIN. ABU DHABI t SHARJAM. JEDOAH HODEIOAH AQABA
      547 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      964 25 Vf TIT M Spore NEPTUNE AGENCIES PTE LTD FE \l/ Qorwrol Enqulrtoo: Tol: *****77 m\m m T n isr s» oo cs NEPLINE SON. BHD. 3619M7 WNEPTUNE ORIENT LINES LTD r S^&SSU^ JBahru NEPLINE SON BHD. Z3H«/nMI FAR EAST/EUROPE FULLY CONTAHHEEISEP SERVICE A mttnber of Km ACE Consortium TO EUROPE/UK
      964 words
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      Page 25 Advertisements Column 2
      439 25 HEUNG-A SHIPPINC Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG, PENANG, BUSAN, INCHON STRAITS/KOREA SERVICE Vessel s Name ETO BS BKK S PORE PKELANC M Enterprise/tKN 26/04 09/05 14-17/05 1711/05 No 9 Donam,Bo3N 30/04 No I Donjm 804N 09/05 No S Donam 806N 14/05 "Gloria 805N 19/05 No 9
      439 words
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      Page 25 Advertisements Column 3
      821 25 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 KEIANG MESSRS HAI THONG SHIPPING 127 Penang Street. Penang. Malaysia M/S HANDLING SYSTEM CO SON
      821 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      326 26 SINGAPORE SHIPPING' CORPORATION (PTE.) LTD. TEL 225 6868 ,30 lines. FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD V£B DEUTFRACHT/SEEREEDEREI RQSTOCh INTEGRATED FULL CONTAINER SERVICE *0 EUROPE t. THAELMANN 4<gg "TIA COLOMBO: Accepting cargo for INDIA Bombay, Cochin, Madras Calcutta "?VIA LARNACA Accepting cargo
      326 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      181 26 Regional Weather r A m Wt 1 m m m m C s§£S 3 s Is" c >A ~V wiik 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 7 Shower Weather w >n<l direction with
      181 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1578 27 £SP SHIPPING AGENCIES PTE JJO. TeJ: *****66 (16 Lines) Fa* *****15 FIXED TWICE WEEKLY CONSOL J I ill FIXED CONSOLIDATION TO:CHIRM, HONG KONG, BANGKOK, KEELUNG, KAOSHIUNG, KOBE, MANILA, BOSAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCOTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MELO. ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to
      1,578 words
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      Page 27 Advertisements Column 2
      235 27 71UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. <t> cn a n a 11J mil myf j —df n ni—> a ju u! Algerian National Line OT MEDITERRANEAN SERVICE S PORE LOADING FOR MV KSAR ETTIR 19/5 alger. oran. ANNABA, TUNIS MV KSAR CHELLALA 29/5 alger. oran, ANNABA. TUNIS ALL VESSELS ACCEPTING
      235 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      604 28 \Sfi£ FINE-LINER SHIPPING ral PTE LTD I I ''I S'lentnn Wiy 1)4 O.'C Virmi Hojsp S pore (Vfl/ TEI ??i)9077 (a lines) TLX RS ;:MI FLINfR FAX 72b?856 EUROPE SERVICE fTuWiJirT [J |M» |*4 111* I2M \V• <4 |«4 M* JM I 1/7 V 7 PAR BAST SERVICE re jw
      604 words
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      Page 28 Advertisements Column 2
      457 28 ZIM FULL CONTAINER SERVICE »ccep<inj fCL'LCL cargoes to USA East i West Cms Carribbejn.Ejst Canada HAITI Costa Rici El Salvador Guatemala Hondura Venezuela Peru Ecuador Colombia via Miami. Trinidad Barbados Antigua S Lucia. Montsarrat. Guayana via Kingston TTTI "I.r.'iMTTBTiBTWn^TW AUSTRALIA CONTAINER SERVICE ACCEPTIHS CARGO TO AOELAIDE VIA MELBOURNE ANO ALSO
      457 words
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      Page 28 Advertisements Column 3
      546 28 Everett Lines W CPV THROUGH BILL OF LADING TO FINAL DESTINATION. THOMASEVERETT HUGHEVERETT MANOLOEVERETT P Keljnf* Singapore 21/22 May 5* Jun 13/14 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
      546 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      251 29 Seabrfcjgfe INTERCONTINENTAL LINE General/Marketing Agents: SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO GROUP ol COMPANIES, Japan) Singapore *****11 Tlx. R*****1 SEAAIR Fax: *****50 Warehouse at PSA Multistorey Complex: *****06 Malaysia *****33 Tlx: MA***** Fax: *****68 WEEKLY FROM Singapore Port Keiang Penang UK/EUROPE: FAR EAST United Kingdom Bangkok, Hong
      251 words
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      Page 29 Advertisements Column 2
      223 29 UCB FREIGHT SERVICES INC. WEEKLY DEFINITE DEPARTURES FOR SHIPPERS CO-LOADERS TO CANADA USA MONTREAL, TORONTO VANCOUVER BC NEW YORK FOR BOOKINGS ENQUIRIES CALL: STAGER FREIGHT SERVICES PTE LTD TEL: *****36/ *****88 ITEX SHIPPING PTE LTD REGULAR LINER SERVICE VESSEL S'PORE LOADING FOR HAKKIN MARU IN PORT BOMBAY/JEDDAH ANNY PATERAS 24/5/88
      223 words
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      Page 29 Advertisements Column 3
      548 29 TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST LCL/FCL SERVICE Also accepting cargo to KEELUNG KAOHSIUNG CHINA (via HONG KONG) P KELANG BUSAN JAPAN E MALAYSIA BRUNEI PORTS EUROPE USA CANADA AUSTRALIA liil'Kil LUCKY SEAWAT SERVICES PTE LTD Tlx: ***** Fax: *****77 S.E.ASIA/CHINA SERVICES SGP PKLANG PNG FOR S. HUA
      548 words
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      Page 29 Advertisements Column 4
      606 29 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLORY SELATAN IX Sid BANJARMASIN 10/5 GLORY SELATAN V V tt In Pt SELAT PANJANG GLORY SELATAN Vlll V7l 20/5 21/5 GLORY SELATAN Vlll V.77 In Pt l*/5 6 VESSELS OF LOG
      606 words
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      Page 29 Advertisements Column 5
      392 29 PTC CONTAINER LINES fCI/ICI SERVICE PIC GTVOUP SIN Fa EAST 15/5 KEELUNG/KAOHSIUNG 14/5 BANGKOK 13/5 MANILA 13/5 JAKARTA 14/5 PORT KELANG/PENANG 19/5 BUSAN 13/5 TOKYO/YOKO/KOBE 17/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/ Xingang/Shanghai SHI EUROPE 18/5 RDM/HAM/ANT/LE HAVRE/GENOA SIN USA/CANADA 15/5 L.A./NYC/SFO 15/5 VANCOUVER/TORONTO/MONTREAL UN AllfTßAllA/MnM TP4I4MB 15/5
      392 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      309 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Linesi TLX RS ***** 8, RS ***** •Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN ft CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PL REU OBN CT
      309 words
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      Page 30 Advertisements Column 2
      404 30 FOR reliable and fast transit WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSI I Sport TuNmn |C«mectii«vSi Fof N DtIFT V 142 HIS Ifi NUERNKC ATI WMHW. nihon vis 2 z3/s w DusstLOOMF Exr New urieans, nOl J ima Vie JW stuttgart txp. Houston/Mexico Vera Cruz, Mexico
      404 words
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      Page 30 Advertisements Column 3
      80 30 ss WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agent MHON~ASM SHIPPING m PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** n SEAFIX INDONESIA/JAPAN SERVICE SPORE PBARU PTK BiM LOADING FOR INJP 2/tt 25/5 23/5 29/5 OSAKA. NAGOYA. TOKYO STRAITS/S. KOREA SERVICE S'PORE K.K. TAW LOADING FOR:
      80 words
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      Page 30 Advertisements Column 4
      786 30 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE i K. LUMPUR *****53/*****11 '04-*****2/4 *****3 •07-*****8 •07-*****3. *****5, *****0, *****1 •02-*****22 *****88 iWEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANC 443 8 BUTANC 445 B BUTANC 447 21?£5»° tST,NATIONS "*HUS. AMSTERDAM ANTWERP. BASLE. BREMEN BREMERHAVEN.
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  • BANKING FINANCE & INSURANCE
    • Article, Illustration
      TOWARDS THE YEAR 2000
      762 31  -  By ALVIN TAY WHEN THE FIRST Banking and Finance supplement of Business Times hit the business district in 1978, there were only 90 commercial banks and 30 merchant banks. Today, as the supplement commemorates its 10th anniversary, these numbers are much bigger. There are now about
      762 words
    • Article, Illustration
      Three issues to consider
      1656 32  -  BT asked four senior executives of financial institutions comprising two bankers, one financier and one merchant banker to visualise what the year 2000 will be like for them. Their views are carried on this page and Page 4 This article is by WONG NANG JANG, the
      1,656 words
    • Article
      To fight the big boys
      570 32  -  By YEO YONG SIANG, <G SIANG, chairman, Finance Houses Association of Singapore THERE ARE 31 finance companies in Singapore, of which 15 are bank affiliated and 16 are independently owned. Nine of them are listed on the Stock Exchange of Singapore with the top five
      570 words
    • Article, Illustration
      Competing need not mean dying together
      1403 34  -  In this feature, Morgan Grenfell (Asia) Ltd managing director HSIEH FU HUA outlines the opportunities that await merchant bankers beyond the next decade. HSIEH FU HUA J M KEYNES once said of a banker: "Alas! He is not one who foresees danger and avoids
      1,403 words
    • Article, Illustration
      The dawn of the universal bank
      1075 34  -  By RODNEY FREED, RODNEY FREED, vice-president and country manager, Chase Manhattan Bank, Singapore A QUICK LOOK back at the changes that have taken place in the banking industry over the last decade is sufficient to indicate that there will likely be considerable change over
      1,075 words
    • Article, Illustration
      Changes, chances and challenges
      1795 36  -  By TENG AH TOO, Peat Marwick Management Consultants Pte Ltd BANKING THE WORLD OVER has become extremely competitive. There seems to be insufficient business, good business that is, to go round. Every institution wants the profits and wants them now, but does not want the risks.
      1,795 words
    • Article, Illustration
      Back to the basics for bankers
      1321 37  -  By KENNETH G R MacLENNAN,ALBERTO G LAPUZ, Spicer Oppenheim Consultants Recent developments have put greater pressures on profit performance THE PAST DECADE has been both remarkable and tumultuous for financial institutions around the world. From the go-go days of international expansion, the banking industry
      1,321 words
    • Article, Illustration
      Where the customer is king
      547 38 Sophisticated computer systems and worldwide communications systems that give almost instant access to information will soon be available to all banks. This poses a problem. What, other than highly visible logos, will characterise each bank? What will they be able to offer customers that other
      547 words
    • Article, Illustration
      Monitoring the success
      336 38 CITIBANK'S total customer service programme is in its way as sophisticated as the technology used by the bank. Not content with establishing the training programmes for staff, Citibank has also set up a strict monitoring system to measure how effective the scheme is. There are regular surveys
      336 words
    • Article, Illustration
      Playing the waiting game
      362 39 NOTHING is so frustrating to a bank customer than to stand in a long queue that is being whittled down ever so slowly by a handful of tellers. No matter how charming and helpful the tellers at the counter the customer must be forgiven for thinking
      362 words
    • Article, Illustration
      Rewards and Awards
      332 39 BANK STAFF going through the Citibank customer service programmes are reminded that one of the primary benefits of excelling in treating customers well is the feeling of pride that comes with having given the best service they possibly can. True as this might be, Citibank backs it
      332 words
    • Article, Illustration
      A move towards higher efficiency
      524 40  -  Two foreign banks, Deutsche Bank and Australia and New Zealand Banking Group Ltd, have been awarded operational headquarters status by the Singapore government. A few others are still making feasibility studies. LEONG WEN WAH talks to the top managements of both banks about their experiences.
      524 words
    • Article
      A giant umbrella for offshore subsidiaries
      588 40 IN CONTRAST to Deutsche Bank, which has relocated its regional head office from Hamburg to Singapore, the Australia and New Zealand Banking Group Ltd has created a new entity an offshore holding company in the Republic. A separate entity, ANZ International Pte Ltd, which
      588 words
    • Ail about OHQs
      • Article
        What does the OHQ incentive for financial institutions confer?
        151 40 1) Reduction in tax from 33 per cent to 10 per cent for: a. All net income (fees, commission and interest, etc) derived by the OHQ from providing qualifying OHQ services to its subsidiaries, associates and related companies and offices outside
        151 words
      • Article
        Who is an ideal applicant?
        76 40 1) Applicants should be reputable financial institutions with substantial international operations. OHQs established in Singapore must not be paper holding companies, but must perform substantial amount of OHQ activities from Singapore to support its OHQ network. 2) Although OHQs could hold equity investments in subsidiaries
        76 words
      • Article
        What qualifies as OHQ services?
        143 40 1) Regional and international treasury management functions, such as foreign exchange trading and management, financial futures trading, securities trading, money market transactions, capital market transactions and other risk management activities; 2) Global and regional fund management and other related activities, such as investment analysis/research work,
        143 words
      • Article
        What is the structure of OHQs?
        86 40 OHQ activities may be assigned to an existing company or office that is registered in Singapore. The OHQ activities, however, should be segregated from existing activities of the Singapore company or office for the purpose of the OHQ incentive. Alternatively, a new company could
        86 words
    • Article, Illustration
      Encouraging start for the government securities market
      1448 41 NINE MONTHS after the Singapore Government Securities Market's steering committee was formed, a date was fixed for the relaunch of the market in May 1987. There were some anxious moments as the date drew closer. The all-new electronic book entry clearing system, though
      1,448 words
    • Article, Illustration
      Venture capital industry on the rise
      1381 43  -  By TAN KENG BOON, M KENG BOON, Managing Director, South East Asia Venture Investment THE ROLE of the venture capital industry in promoting growth and employment has gained wide acceptance in Asean countries in the past two or three years. This is understandable since
      1,381 words
    • Article, Illustration
      One card — five sources of funds
      1002 44  - One card five sources of funds By HENG CHIANG MENG, Chairman, Shared-ATM Committee A NETWORK of more than 500 automated teller machines (ATMs) to serve 1.7 million ATM cardholders in Singapore this will be a reality when the nationwide shared ATM network, to be known as ATMNETS, becomes operational later
      1,002 words
    • Article, Illustration
      Cashing in on a cashless society
      1178 44  -  By DAVID HODGKINSON, By DAVID HODGKINSON, Manager, Peraonal Banking, Hongkongßank SINCE THE INTRODUCTION of the first Automated Teller Machines (ATMs) to Singapore in the early *****, people have been working towards the concept of a cashless society. But paradoxically, the proliferation of ATMs is
      1,178 words
    • Article, Illustration
      Towards a brave new world in automation
      1503 46  -  LAU PING SUM, Senior Vice-President, Information Systems Services, OCBC, explores the banking frontier LAU PING SUM, TEN YEARS AGO, few could have foreseen the phenomenal increase of personal computers and their impact on the way business is run today. Forecasting carries a high
      1,503 words
    • Article, Illustration
      Simex: After the crash and beyond
      1648 47  -  In a special interview with BT, Singapore International Monetary Exchange chairman Elizabeth Sam reveals the current health and progress of the exchange as well as charts the path of its future growth. Financial Correspondent SOH TIANG KENG reports. SOH TIANG KENG THE SINGAPORE International
      1,648 words
    • Article, Illustration
      Spreading the risks
      1436 48  -  By I LOH HOON SUN, By LOH HOON SUN, General Manager, Treasury Investment Banking, Overseas Union Bank Ltd THE DEVELOPMENT of the fund management industry worldwide was dented but not destroyed by the events of Black Monday. At the time there were widespread fears that the October
      1,436 words
    • Article, Illustration
      What 24-hour trading means for merchant banks
      915 49  -  By TAN CHOR YONG, Portfolio Manager, Royal Trust Merchant Bank Ltd GEOGRAPHICAL BOUNDARIES have historically provided physical barriers and limits to a financial institution's sphere of operations and influence. In recent times, significant changes have taken place, making this virtually impossible. Advancements in
      915 words
    • Article, Illustration
      Staying one step ahead of your rivals
      740 49  -  By SEIKI MURONO, SEIKI MURONO, Vice-President, Chase Manhattan Bank DURING THE NEXT DECADE, the demand for financial services by both resident and offshore wealthy individuals will provide significant opportunities for those financial institutions with a vision of the future and a clear strategy
      740 words
    • Article, Illustration
      Getting results today and tomorrow
      2038 50  -  By Dr PHILLIP A HINES, Vice President, Citicorp Asia Pacific Banking Institute IN TODAY'S fast moving financial services marketplace, much of senior management's job is to get results today while building for continued results tomorrow. Because these requirements conflict, a premium is put on managers
      2,038 words
    • Article, Illustration
      Openings for graduates in treasury departments
      928 51  -  Financial institutions are finding that they have to compete hard with other industries and among themselves to attract well-educated people. EDMUND TAI, President, Singapore Forex Club, says financial institutions must expand the pool of trained and experienced dealers to meet a shortage caused by
      928 words
    • Article, Illustration
      Financial workforce reaching maturity
      690 51  -  By PHILIPPE DELHAISE, By PHILIPPE DELHAISE, Managing Director, Jonathan Wren Executive Recruitment (Pte) Ltd, Singapore WHAT THE three main financial centres in Asia Tokyo, Hongkong and Singapore have in common at the moment is that their workforces in the financial sector are reaching the level of
      690 words
    • Article, Illustration
      You name it, they swap it
      1053 52  -  By JOHN QUINN, Managing Director, Security Pacific Hoare Govett Asia Ltd SWAPS HAVE BEEN USED for capital market arbitrage since their inception. Many asset/liability managers are using swaps to manage portfolio risk as well. We will first review the principles of using swaps in
      1,053 words
    • Article, Illustration
      Try these for size...
      1267 52  -  By STEPHANIE R WARREN, STEPHANIE R WARREN, executive director, Security Pacific Hoare Govett Ltd THE INCEPTION of the swaps market in the 1980s has revolutionised liability management. Borrowers have increasing flexibility in selecting their debt structure, as swaps allow one to tailor the interest rate payment
      1,267 words
    • Article, Illustration
      Capital markets: getting back into the limelight
      1260 53  -  After the October crash, most merchant banking types have concentrated their energies on matters having short-time horizons. Perhaps it is time to consider a longer term topic such as the prospects for Singapore's capital markets in the run-up to the year 2000. EDWARD
      1,260 words
    • Article, Illustration
      New generation of instruments for the money broking industry
      896 53 MONEY BROKING is essentially a service industry. There are eight money broking companies in Singapore and these brokers play an important role in the financial markets. Money brokers act as intermediaries between banks and thus help to lubricate the interbank foreign
      896 words
    • Article, Illustration
      Say bye-bye to the teller
      411 54 A sea change for the physical appearance of the banking halls BIG BANKS may continue to build lofty towers, but their banking halls will look less like marble and chrome cathedrals and a lot more like self-service stores Human tellers may practically become extinct Transactions
      411 words
    • Article, Illustration
      Smart getting smarter
      406 54 Bank of the future MONEY today comes in a variety of forms metal coins, paper bills and cheques, plastic cards and electronic entries in a computer file. In the year 2000, consumers will still be using cold hard cash and even old-fash-ioned cheques particularly for small purchases,
      406 words
    • Article, Illustration
      A fair deal for the dealing room
      559 55  -  Banks need to find cost-effective dealing room equipment. Financial Editor PATRICIA M SCHERSCHEL reports on what is available. PATRICIA M SCHERSCHEL During the go-go 80s. the average life of dealing room equipment declined to less than three years Eager to take advantage of
      559 words
    • Article, Illustration
      So you collect gold coins....
      2032 56  -  Coin collecting is almost as old as the coins themselves. But throughout the ages it was exclusively the domain of an educated elite. Writing from Switzerland, CHRISTIAN WINTERSTEIN, who heads the numismatic division of Swiss Bank Corporation, talks about a special segment of the numismatic
      2,032 words
    • Article
      Moving forward – slowly but surely
      640 57  - Moving forward slowly but surely By RICHARD TOURRET, By RICHARD TOURRET, Manager, corporate research, DBS Investment Research THE ESTABLISHMENT of the NASD-SES link on March 29, 1988, marked the latest step in the internationalisation of Singapore's securities market. Investors in Singapore are now able to invest in top-quality US and
      640 words
    • Article, Illustration
      Plugging into the world
      1338 57  -  Black Monday, Oct 19,1987 was it the end of, or just a correction in, the great bull market? There is no consensus on this; only time will tell. However, the events of that day show that the globalisation of world equity markets has not been fully
      1,338 words
    • Article, Illustration
      Out Of Big Bang and into Black Monday
      1413 58  -  The last few years have been eventful ones for London. Big Bang meant a whole new ball game for the City of bowler hats and old school ties. And then came Black Monday. DAVID KERN, chief economist and head of the Market
      1,413 words
    • Article, Illustration
      Outlook for the Tokyo equity market
      1377 61  -  By HIROHISA ETO, President, Singapore Nomura Merchant Banking Limited WHEN THE world s stock markets plunged last October into the blackest Monday in decades, the Tokyo market declined the least and recovered the fastest In fact, on April 7 this year, just six months
      1,377 words
    • Article, Illustration
      Confidence returns to the colony
      1699 62  -  Writing from Hongkong, RONALD CARSTAIRS, chief manager of Standard Chartered Bank (Hongkong), says that in order to understand recent developments and to anticipate future developments in the British colony's banking industry, it is necessary to focus on current factors and anticipate future events that will
      1,699 words
    • Article, Illustration
      A fledgling concept spreads its wings
      1516 63  -  By R M TOMLIN, managing director of Singapore International Merchant Bankers Limited PRIVATISATION as a concept is probably less than 10 years old. When Margaret Thatcher was first elected in 1979, it signalled the moment when privatisation became the official government policy of a
      1,516 words
    • Article, Illustration
      Should you invest in foreign currencies now?
      1667 64  -  By i ANTHONY LEE, By ANTHONY LEE, Vice-President Deputy General Manager, American Express Bank WITH INVESTORS in these uncertain economic times cutting back on their stock and bond investments in order to remain liquid until the outlook becomes clearer, a question frequently asked
      1,667 words
    • Article, Illustration
      Lock icon Investing in high-yield instruments
      1532 65 SINCE THE first advertisement in March 1985 by Marac Merchant Bank Ltd (now NZI Merchant Bank Ltd) offering NZ$ deposit rates of 22 per cent per annum, a new investment alternative was introduced to the ACU market. Investor's awareness and interest were aroused during a period
      Source: NZI Merchand Bank (S) Ltd.  -  1,532 words
    • Article, Illustration
      A different kind of rhythm in the marketplace
      2075 66  -  By DR ROBERT CHIA senior lecturer, School of Management, National University of Singapore THE SPECTRE of a worldwide depression in 1987 as a consequence of Black Monday" sent tremors through international capital markets In the aftermath of the October crash, President Ronald
      2,075 words
    • Article, Illustration
      Loan sweet loan
      1876 67  -  By ALVIN TAY, Banking Correspondent OBTAINING a housing loan from banks and finance companies has been made easier. Or has it been made more confusing? With major lenders playing their aces, all trying to differentiate their products by dangling fresh carrots or carats, the bor rowers may
      1,876 words
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      The new kids in town
      687 68  -  mT A/They have potential; and I\J V V I I they are valued. Join ALVIN TAY's orientation of the decade's new participants in the credit, charge card business. The market, though saturated, is still stimulating a strong sense J|. of challenge among card companies. ALVIN
      687 words
    • Article
      Lock icon So SuperSmart, it's practically putting your bank in your pocket
      634 68 By a Special Contributor. THE SUPERSMART credit card is on the verge of becoming a reality. Tests to begin next month in Tokyo on the Visa Super Smart card will advance the day when card-holders need never visit their bank.
      By a Special Contributor.  -  634 words
    • Article, Illustration
      Stakes in the card game
      999 69  -  Cardholders look for responsible and responsive service By BARRY V ARNOLD, By BARRY V ARNOLD, vice-president/general manager (Singapore, Brunei and Burma), American Express International Inc. IF YOU earn 5524,000 or more per annum, be prepared. You're on the hit list. No fewer than six new
      999 words
    • Article, Illustration
      Changing trends in trade finance
      1656 70  -  By ROELF HAGOORT, Vice-President, Amsterdam-Rotterdam Bank NV THE DEVELOPMENT of trade finance in the coming years will depend largely upon the extent that the free flow of goods and services is restricted through trade barriers created to defend national interests. Market forces will influence trade
      1,656 words
    • Article, Illustration
      Important financing tool for SMEs
      1008 71  -  By LEE KHENG LEONG, Manager (Factoring), DBS Finance Ltd THE TURNING POINT for the local factoring industry came in 1984 when the Economic Development Board, jointly with DBS Finance, launched low cost factoring om a pilot basis under the Small Industries Finance Scheme. Since then,
      1,008 words
    • Article
      Hire-purchase financing for motor vehicles is here to stay
      918 71  -  By ONG SING PANG ONG SING PANG, Chairman, Association of Hire Purchase Finance Companies THE INCREASE in the value of the Japanese yen, particularly in the last two years, has given the used-car trade a boost. It has also resulted in
      918 words
    • Article, Illustration
      Is real estate rebounding?
      971 72  -  Definitely, and without a doubt, reports DAVID J LAWRENCE, managing director of property consultants Richard Ellis, in an analysis on the Singapore "TiSSSS.TH property DAVID J LAWRENCE MORE activity and liquidity were evident in the Singapore property investment market last year, with a number of major
      971 words
    • Article, Illustration
      A castle in a condo
      1163 73  -  HAN VO-TA, Senior Manager of City Developments Limited, takes a closer look at major trends in Singapore's residential property market. He reckons condominium living will become the norm and, consequently, a good investment for long-term financial gains. HAN VO-TA, WHAT WILL Singapore s residential property
      1,163 words
    • Article, Illustration
      The Graduates
      363 73  -  -By David J Lawrence. OPPORTUNITIES for Estate Management graduates from the Motional University of Singapore to participate in the expansion in the Asean property markets. For example. Richard EIHs. currently marketing the World Trade Centre Beijing, has been appointed agent for the World Trade ■Centre in Bangkok. It
      363 words
    • Article, Illustration
      Lock icon Working towards a fusion of property and finance
      1282 74  -  By Dr N H SEEK, Director of Jones Lang Wootton, Australia FOR A LONG time, a combination of equity and debt has been the conventional way of funding property. Using creative financing methods is not new. but it has become more prevalent
      Source: JLW Research  -  1,282 words
    • Article, Illustration
      Some notes on banking secrecy in Singapore
      2454 75  -  BT reported on March 23 this year that the participating banks of the proposed nationwide shared-ATM network had apparently found a solution to the problem posed by Singapore's banking secrecy laws. In this article, LOO CHOON CHIAW examines the legal issues surrounding banking
      2,454 words
    • Article, Illustration
      Giving your finances a shot in the arm
      1076 76  -  The government has recently been talking about a government-sponsored catastrophic illness insurance scheme. NG SENG LEONG, deputy general manager of the Insurance Corporation of Singapore Ltd, looks at the need for such protection. NG SENG LEONG THERE HAS BEEN growing concern by
      1,076 words
    • Article, Illustration
      Assuring an income for life
      1434 77  -  By TAN KIN LIAN, General Manager, NTUC Income AN INCOME FOR LIFE this is precisely what a life annuity provides. It supplies the buyer of the annuity with a regular income payable during his or her entire lifetime. In this sense, a life annuity is
      1,434 words
    • Article, Illustration
      You get what you pay for ... or do you?
      1100 78  - You get what you pay for or do you? By PAUL FRANKLAND, Branch Manager, Commercial Union Assurance CONSUMERISM is a word bandied quite freely nowadays. But what exactly does it mean? It hardly existed as a concept in the old days when you and I simply went shopping at least
      1,100 words
    • Article, Illustration
      Policies tailored to suit your needs
      765 78  -  By LEONG WEN WAH "WE TAKE CARE of you for life'' this motto, coined by Great Eastern Life, sums up aptly the approach of the major life insurance companies in Singapore such as GE Life, the Insurance Corporation of Singapore. NTUC Co-operative, Insurance Commonwealth
      765 words
    • Article, Illustration
      Looking at insurance cover for errors and omissions
      1232 79  -  By ARUNO SALVI, Manager, Professional Services Division, Citicorp Insurance Brokers THERE ARE NOW about 1,200 Management Corporation Strata Title Schemes (MCST) registered in Singapore. The governing statutes are the Land Titles (Strata) Act (Cap 158, 1985 Ed), The Land Titles (Strata) (Amendment)
      1,232 words
    • Article, Illustration
      A referee in personal insurance disputes
      1832 80  -  The general insurance industry had an eventful year in 1987. Last August saw the launch of the Insurance Ombudsman Committee, which handles disputes over personal insurance. Financial Correspondent SOH TIANG KENG talks to the committee chairman Mr Hwang Soo Jin on the progress made
      1,832 words
    • Article
      Newly-formed Indian company hopes for bigger share of market
      366 80  -  By ALVIN TAY ONE OF the main highlights in the general insurance industry in Singapore in 1987 was the merger of Singapore branch offices of four Indian insurance companies National Insurance Co Ltd. The New India Assurance Co Ltd. The Oriental
      366 words
    • Article, Illustration
      Safeguarding against structural defects
      1998 81  -  By DAVID GABRIEL, Marketing Director, Citicorp Insurance Brokers (S) Pte Ltd IF AS A corporation or an individual. you buy part or the whole of an existing building and it is subsequently damaged or destroyed by fire, what happens? The usual answer is that your insurer
      1,998 words
    • Article, Illustration
      Covering Asia and beyond
      1870 82  -  By CHEW LOY KIAT, Executive Chairman, Reinsurance Management Corporation of Asia (Pte) Ltd MORE THAN 15 years have gone by since the government first called for Singapore to be developed as an international reinsurance centre. Encouragement has been given by the government towards achieving this, especially
      1,870 words
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      168 31 —CONTENTS- ABS and FHAS chairmen write Page 2 Changing trends in local banking Page 6 GSM: one year later Page 11 Shared-ATM: will it take off Page 14 Simex chairman talks about the future Page 17 The HK brain drain Page 21 Bank of the future Page 24-25 NASDAQ-SES link
      168 words
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      Page 31 Advertisements Column 2
      56 31 mmm—m ate- ■i* <r V V ;*t w. V* I > «t ■■'M V w mk *!i c^i i V> <' ■v tr m >> Jf.v, i-vNv r ■'jf'.*' A V WV <' Hi X 'W .'A v t > M &v j •t. f Vi v -.>> eskVr.. a
      56 words
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      61 32 Melwani, exclusively male It's strictly a man's world at Melwani. Shirts trom Europe's finest fashion houses. Ready-to-wear Italian suits. Imported designer shoes, including Bally. Leathergoods and luggages. Impeccable tailoring for quality fabrics. Discover all this and more at Melwani, fashion haven for men. mm. IS 1 I mm m t
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      518 33 Coining up along Newton Road is a condominium development which will surely he regarded as the perfect choice for gracious living Elmira Heights. Designed to meet the needs of modern homeowners looking for a lifestyle of grace and sophistication, Elmira Heights comprises an exclusive 20-storey tower block and a low-rise
      518 words
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      217 34 ism •s *7 m J > <A| vIH 4 A > I >, Mif i V:'y 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.
      217 words
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      1279 35 g*T x > J,.,;. li'n liliVUl'i £~\i~Z Ik *****76 la j m 0 K ***** Can you tell which currency will HL *****74 P W A s 1 'W/*:'SaY>. mm. make you more money next year? 846 *****8 I 'M M Nkg >, i »4« <***** THIS ion IS UMLTHOta
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      77 36 jt*/&&&&' w* >■ ""S "i -2 I H."9 "■> >■ V v.N >3 •5* M ft > ws. a I n UHI v MH A? ■< I.■ i •:.5-,X-- ms&<mglp& j; <I-'V .•s; t «jf ~'V i# \r" &£<'■? ■> -vV" "wWttimt'-M ■•<£■* -y. m^ss. T r OMR 9H 3§®p3
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      407 37 T PI A B; T be th m JLenaing racuity ivest your money in an American Express Bank 1 Currency Investment Account, you'll automatically Pre-approved Margin Lending Facility in up to nine your choice. urrency Lending Facility together with our Multivestment Account will give you the best of both world
      407 words
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      193 40 WM m 5 9 1 im:.. J I p».- SUII He may be the son of a Nigerian farmer. Or the father of a Canadian diplomat. She may be the daughter of an Arabian prince. Or the mother of an Australian entrepreneur. They are people from all walks of life.
      193 words
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      64 41 M/rSI/B/SM GALAA/T f//£ JAPAA/FSE CAff OF M£ YEA/? 7987/00 A STATEME/VT /A/ STYLE H <% rn wel *4 P >'■ M 41 v i IBS BE M flw 1 «3VS*, If sTj r' 7 W^s: 2ma W r*. i. *■<, s £■> VVi. x 7 £S &i MITSUBISHI MOTORS Cyda
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      257 42 And maximize your profits? Howtomioimize your risks... It's the first question that you would ask yourself before you make any investment decision.You are right. But how often can you assure your own analytical mind that your decision is correct? Or you would rather depend on "Lady-Luck" all the time? It's
      257 words
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      333 44 YOUR HOUSING LOAN IS JUST A PHONE CALL AWAY TELELOAN PLUS NO LOCKUP SITUATION Now you can get a housing loan from the convenience of your home or office. No more trips to see a loan officer just pick up the phone and ask for our TELELOAN PLUS Service. We
      333 words
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      182 45 jmmbwi How to keep your balance in today's volatile markets Let's face it. The last thing you need the first thing in the morning is yesterday's information. Especially when trying to keep your balance in today's foreign exchanges, perhaps the most volatile markets of all. Risks become unmanageable and opportunities
      182 words
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      80 46 We provide your financial needs in the Arab World and Asean pans London Luxembourg Frankfurt Rome Bahrain ftooul Hongkong v Union de Banques Arabes et Francaises An Arab and French Association in Banking and Finance Tokyo Head Office: 190 Avenue Charles-de-Gautte, ***** NeuiNy Cedex France. Tel: *****01. Telex: *****4. Singapore
      80 words
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      213 46 Income protector i r/ For professional partners VToOIO v*"-" V fw M.W if Put yourself in the picture. You're a trained professional and a partner in a successful firm. Good income. A comfortable lifestyle. Your income can however be interrupted if you should suddenly become unable to work as a
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      273 47 PULAU BAYAN MARINA CLUB Mahes Sailing to Indonesia a Breezz; el Whether you're a seafarer or landlubber, the new Pulau Bayan Marina Club offers the ultimate in luxury and convenience. SINGAPORE From its base at Tanjung Pinang, members will have access to the 3,000 odd islands —w within the Riau
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      294 48 Good ideas keep coming up THE DAYS OF TIRESOME TABLES AND FORMULAE ARE NUMBERED. .01,4)5 r\ 9 rmCS BC® -CSSPpocket computer 16-digitdot matrix display with 10 digits digits (exponent) 15 levels parentheses 18 separate programme addresses Last Answer/Direct Answer functions 150 gm weight Sharp has the perfect answer for those
      294 words
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      391 49 How to save $20,000 on a $200,000 home loan. Our FlexiPlan leaflet, obtainable from any DBS Bank branch, shows how you can save the $20,000 on a $200,000 loan. FlexiPlan is flexible It's a term loan, an overdraft or a combination It finances up to 100% of your property valuation
      391 words
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      198 50 85% of our customers are small and medium companies, MM •>! ~c I Si r dm v H It s time we do more WAM Thirty years of experience have HM the insight into the problems o I husinfißfififi nvfirdiifi rfinfiint?; Thirty years of experience have given us the insight
      198 words
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      199 51 Get that winning spirit Ferrari Formula is a bold expression of style and elegance. Choose from a wide range of high-tech Ferrari Formula watches, pens, lighters and leather goods. K E errari Formula il Sole Agent Distributor for Singapore, Malaysia and Indonesia: LMC-268 Orchard Road, #16-01, Yen San Building, Singapore
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      278 52 A Ve L S r* i r .i > r* ft X V &T y* 4* V /ftm n n p. f r i. i 2 4 r K, V 200,000 STRONG AND STILL GPCWTNG! Ptx>«o by Couriwy of Tha Straus T* At NTUC INCOME, we grow quickly. We started
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      134 53 The power of foresight. Worldwide. In a complex world where even the slightest changes in economic factors can have widespread rejjercussions, foresight is essential. As the top-ranking Euro|)ean bank firmly established among the world's leaders. BNP puts its intimate knowledge of world economies to work for vou. J With offices
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      169 55 AD the time in the world. frH+VrS "S' Gerald Genta Hublot And at these convenient locations. rsTn wv-- jf«>* t HOUr f? mr Si. I 1* < 1 S\IM »i 0* y -t Lucky Plaza. #01-36 Tel *****2(V1 Scotts. #01-09 Tel *****98/*****27 W 'id >ui iei 1 4 r- ft.
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      250 56 Just what you'd expect from Singapore's leading finance group. What is Credit Plus? With just one application you have a revolving line of credit available for use anytime (today, tomorrow, next month, next year), for anything. Whether it's an opportunity, a necessity, a luxury item, an emergency or even cash,
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      173 56 Butterworths/MLJ Publishers for the Professions Accountancy •Banking* Finance* Law* Taxation Reports Pollard: Banking Law in the United States 1988 HC *****.00 Loo: Butterworths Banking Financial Law Review 87 1987 HC *****.20 Butterworths Journal of International Banking Financial Law 1988 HC *****.00 (6 issues a year) Lee: Central Banking in Malaysia
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      65 57 SOCIETE GENE RALE* *yl tytenc/i SSanA 3 ppfef-p*- i <• Wmtik 0 i n" ->*■-*rr?: at# l T r. HEAD OFFICE: 29 Boulevard Haussmann Paris 9-FRANCE SINGAPORE: 30 Robinson Road, #01-01, Tuan Sing Towers, Singapore 0104 Tel: 222 7122, 222 2866, Telex: tfs ***** SOGESI-RS ***** SOGFOR. ASIA PACIFIC REGION:
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      28 57 A'L fc" -U»' i»V •m <V i 5- i -qm &m HB&yj M \f?s If A-*-' /5~ Sp^f* J S'+± t-* v:. 7>r f 1 r'' x*fS» 1
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      411 58 ASK FOR ONLY FROM BROTHER The fastest in its class J* t The new Brother M-4018C §§k With its rapid-fire 480 cps capability, you'll get all your office printing done and out in record-time. And in multi-colour too! Just get your office the new Brother M-4018C. Then ask for speed.
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      381 59 Q 7s e 3 e o The advantage o won't wear off after the first year. D Fixed interest rate at 4 for the first year. D Overdraft/renovation loan up to $50,000. D Free valuation and fire insurance. D Long term interest rates that few banks will match. D 100
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      186 61 Count on us to make your investment grow anywhere in ASEAN. We know the place It's our home. Nobody knows more about doing business in ASEAN than we do. As an organisation comprising major local banks and financial organisations in ASEAN, we are in a unique position to help you.
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      143 61 How you can benefit from Bayerische Landesbank'a presence in A Singapore f Bayerische Landesbank is headquartered in Bavaria, a leading federal state of West v Germany with a long tradition in cross-border trade and finance. Over the years we have constantly upgraded and refined our international bankingcapabilitiesjbuiidingareputation for responsivejup-to-date service
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      65 62 x> ff >sTF< *Ce% G >X?r -jP* CP' S «c, -> xS^x\^C\ y\ SING INVESTMENTS >lF( FINANCE LIMITED BRANCHES: ANG MO KIO BLOCK 715 #01-4006 AVE 6 ANG MO KIO TOWN CENTRE SINGAPORE 2056 TEL: *****88 BEDOK BLOCK 202 #01-479/485 BEDOK NORTH STREET 1 SINGAPORE 1646 TEL: *****96 MACPHERSON 27
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      325 62 Spring is in the air *w~ il IV sc ,V V a, *~:JF Ml c K Nothing can beat the fresh, relaxing sights and sounds of country living, sr and at Springwood, spring is in the air everyday of the year. S Ideally situated at Jalan Mat Jambd, off Pasir
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      200 63 feW -ss! wm Xv// i- 4T *%s V, PSS se •y t < t» H i i *tss&. tm f rf 4 m/kT ife„ S;« i wr ■■HI J _J J S-/ J J i r i rm r s tK >r** V *s > uw Ri > -1 Burberrvs
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      79 64 America Only United has same day arrivals anywhere in the USA. We are America's Friendly Skies. Our daily morning departures via Tokyo or Hong Kong wing you across the Pacific in time to enjoy the rest of the day in the States. Lunch on the West Coast, dinner on the
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      188 65 The NCR TOWER family Computers that grow with you. Today's challenging environment means your business will grow and change quickly. Whatever size your business is, the NCR TOWER family is ready for whatever size it I II may become. The TOWER family's I I mm leadership begins with the multi-
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      168 66 Professional Advisors Exclusive to Financial Institutions As former international bankers and as professional advisors, we counsel financial institutions on how to boost their bottom line. Our international assignments advising pre-eminent banks and other institutions provide us with unique insights on how to win Our focus on financial institutions means that
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      126 67 in Asia There's only one way to deal with the uncertainties of the fast-growing Asian market. Trade on SIM EX. Because it's in one of Asia's most politically stable and advanced economies Singapore. And it provides you efficient and well-regulated trading conditions. So your interests are well safeguarded. In fact,
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      157 68 SOTHEBYS FOUNDED 1744 <01 r smpM.. y' W jp% a' #J* V >< tto 1 V K ■r f* V \Tf Vincent van Gogh "Irises" 1889, sold in New York for U5553,900,000, the highest price for any work of art sold at auction. Fine Art Auctioneers: Old Master Paintings; 19th
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      163 68 With our name,you might think we build homes but we don't we finance them-and cars, and equipment. We provide factoring services, loans for shares and much more... We are geared to help the whole cross section of the country from professionals, businessmen and homeowners who need loan facilities to housewives
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      211 69 CoiTLniunicating This Message Wbuld Be A Whole Lot Easier. We'll be the first to admit it. When it comes to communicating, advertising isn't our expertise. But intelligent data communications is. Specifically, the Datacraft Group of Companies is the largest supplier of data communications equipment and networks in the Asia/Pacific region.
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      41 69 wm ROYAL TRUST Royal Trust Merchant Bank Ltd 50 Raffles Place #19-01 Shell Tower Singapore 0104 Telephone: 224-9111 Telex: RS ***** Facsimile: 225-3809 a* adi/c4i*q x£r -fAeir U/&{joCu4 oh tvilre, ive, /tav& prove* 4fre*kjtkd -private, fro*fawq, And adrioorc/ f rf(^ r
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      322 70 ■BPH Now it's as easy as 535 6266 to own your new home. This Access Line will put you in contact with the fastest, most efficient home loan service in Singapore. Hongkongßank's Home Access Loan. And our unique Access Team. A panel of experts who are always ready to assist
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      117 71 chose his name And the name he chose was Chase, the VISA card that outperforms every other card of its type in Singapore. The Chase Classic VISA card also offers: The highest spending limit up to 2-1/2 times your monthly salary The longest interest-free repayment period of 25 days The
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      249 72 India International Insurance largest general insurance group now offers you a wide range of coverage including: Marine Hull Workmen's compensation Erection All Risk Loss of Profit Following Fire All Risks For Personal Effects Money In Safe/Transit Hospitalisation And Surgical Insurance Immigration Bonds Marine Cargo Motor Contractors All risk Machinery Breakdown
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      42 73 I a 8 fi i i R ••a- 81 i "^7. S- 5 A®3f Liz Ross Vahlsing "OS-113" oil on canvas. 1987 From the Refco Collection Chicago New York Memphis Toronto London Paris Singapore Sydney Hamburg Rome Zurich and other leading cities.
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      198 74 tm Wtfm II „x o, S < t iS: X<: m. wv <-.■ •v. <- v%: PRife '><■ >•: 'i. No hank knows Australia and New Zealand better than the hank named after them. Yet now, AN/ has the largest global network of any Australasian banking and financial services group.
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      414 75 The sweetest incentives ever to buy your own home. 4% fixed interest for the Ist year. Free legal costs of up to $6,000. To get buyers to sign up for a home loan, some banks I j u I have dangled various enticements. Tempting incentives that come with nicely-worded limitations.
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      1537 76 1987 Swiss Bank Corporation in 1987 In 1987. total assets rose to Sfr. 146.2 billion, up Sfr. 8.4 billion But for the renewed slide in the dollar, growth would have been approximately Sfr. 18.5 bi,,ion Net profits of Sfr. 652.3 million were Sfr. 21.7 million or 3.2% lower than in
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      115 77 One step ahead thanks to quick decisions. 1 v rnmm <•.- y /X;:'■/> < -x X'' tr Speed is a definite competitive advantage in trade. Moreover, the complexity of international transactions necessitates tailor-made solutions for your problems which correspond exactly to your needs. GZB-Vienna is at your disposal with its
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      101 77 BOSS HUGO BOSS V V i 1 s Style is never out of fashion. Clothing is essentially an expression of personal style. We hel ieve that clothing should he smart, functional and well-made. But most of all, it should reflect the personal style of the wearer. Boss does not dictate
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      341 78 [Zf Exporting overseas. IZf General commerce and trade. Ship repair and marine supplies. Whatever your business, we're right for you. Today's business environment calls for more aggressive and competitive deals as buyers increasingly demand better, more flexible payment terms from sellers. But complying to their demands in order to stay
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      257 78 V 1 n Duration and minimum amount of deposits J Currency" 1 Week 1-6 Mths L I USI 5,000 2,000 I Stg£ 5,000 2,000 DM 10,000 5,000 I I JY 1,000,000 500,000 I A$ 10,000 5,000 I I NZI 10,000 5,000 I Uotild vou like 111 have a Foreign Currency
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      404 79 k% w Cs m J- rv\ >\ rs>. j« i -m», <:* v^ lulr#-* v V\v\ V ri> v/*"' it "~K« it" «3 -i *2S if m ft Urn -> xV -m t \V t*g f>JM« f~£T= C-i v«; L ?,*s. <s r* J^S \> V 3# > r s
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      177 80 A better deal for your money. At UMBC Finance UM B C FINANCE Wonderful Gifts Of Your Choice U. 1 "N Open a FD account or renew your FD receipt with UMBC Finance from 4 April 88 to 3 July 88 and pick up any one of these wonderful gifts,
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      162 80 Tahniah dan Ucap Selamat kepada Kerajaan Kebawah Duli Yang Maha Mulia Paduka Sen Baginda Sultan Dan Yang Dipertuan Negara Brunei Darussalam dan Rakyat Negara Brunei Darussalam di Hari Kebangsaan Negora Brunei Darussalam pada 23hb Februari 1984 You can trust us to provide a sound and efficent service just as a
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      132 81 iifii tr 1* 4" f i 'i(i H Executive Loan Overseas Union Bank offers you a flexible loan programme which can turn your plans into reality. It covers everything from setting up a professional practice to ceremonial expenses to education costs. Loan quantum: $5,500 to $50,000 Repayment period: 12, 18,
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      210 82 h> V -J r A gin -W *u t B 4 m t iv.il 1 Federal Hotel Harpers House The Promenade Dunn House Robinson Centre The Cairnhill Above: Some of the more prominent properties sold by us. Below: We 're the sole leasing agents for these buildings in the prime
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