The Business Times, 12 May 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, MAY 12, 1988 75 CENTS
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  • 261 1 AP Dow Jones lower THE US stock market started off sharply lower in active trading yesterday, as share prices were hit by growing anxiety about the prospect of higher interest rates. The Dow Jones Average was down 29 84 points at 1,973.81 at 1430 GMT, one hour
    AP  -  261 words
  • 225 1 SHARE PRICES in major regional stock exchanges fell lower following an announcement by the British Chancellor of the Exchequer. Nigel Lawson, that there could be a coordinated increase in world interest rates if the US Federal Reserve raised short-term rates. The Australian exchange,
    225 words
  • 95 1 THE US DOLLAR drifted lower in dull trading in Asian foreign exchange markets yesterday. In Tokyo, the greenback closed at 124.24 yen and 1.6760 German marks against Tuesday's New York close of 124.30 yen and 1.6790 marks. In Singapore, it ended lower against major
    95 words
  • 462 1  -  By JUNE LIM HIGHER seaborne trade and lower expenditure lifted the net surplus of the Port of Singapore Authority by 6 per cent to $266.7 million last year. The PSA annual report released yesterday said gross operating revenue edged up by $17
    462 words
  • 606 1  -  Chase believed to have written to MAS after SES go-ahead By ROSIE TAN INVESTORS may soon be able to borrow share scrips to deliver against their sale contracts if plans by a bank to go into the scrip lending business materialise. The Chase Manhattan Bank NA
    606 words
  • 791 1  -  By GENEVIEVE CUA THE GOVERNMENT is studying how much Singapore consumes of a class of chemicals which scientists believe to be harmful to the earth's atmosphere. BT understands the study is being done to determine the impact of
    791 words
  • 235 1 AFP THE THAI Prime Minister has asked his army chief to maintain peace and order in Thailand during his trip to Europe and the Soviet Union beginning next Monday, Thai News Agency (TNA) said yesterday. TNA said Prime Minister Prem Tinsulanonda gave the
    AFP  -  235 words
  • Page 1 Advertisements
    • 205 1 M Quality before your eyes Full report, Page 16 Regional markets, Page 18 World markets, Page 19 Our OUB Housing Loan lets us plan ahead and budget tor the future with confidence A housing loan is a long term commitment. So when we bought our new home, we chose an
      205 words
    • 407 1 FOCUS, Page 7: Why the hole in the sky Is getting bigger Awareness of potential curbs varies among major users Race is on to churn out a substitute Jakarta giving tourism a push INDONESIA'S tourism chief Joop Ave has been given the task of pushing tourism into the number two
      407 words
    • 128 1 Cassette Receiver K2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore Phone *****33 Kuala Lumpur Phone. *****33 Penang Phone *****5/*****1 Jakarta Phone *****5 Shipping Times comes as a separate section today. Make sure you get your copy. Wear a series of world firsts <JL. Q. S. The AGS Automatic Gene-
      128 words

  • HOME NEWS
    • 523 2  -  By TIANG PEK YIN LUXURY GOODS TRADER F J Benjamin and Sons is all set to establish a major retail chain in Australia. The Singapore-based company will simultaneously open four new stores in July in the upmarket shopping areas of Melbourne and Surfer's
      523 words
    • 176 2 A SET of initiatives aimed at helping construction companies go global will be announced soon by the Construction Industry Development Board, said its chairman yesterday Or Cham Tao Soon said that Singapore was clearly becoming an international supermarket of construction expertise, professionals. equipment
      176 words
    • 414 2 THE HWA CHONG Junior College buildings at Bukit Timah. originally slated for demolition, will get a new lease of life. Tenders for a $1 million repair will be called in three or four months time. Another $12 million will be
      414 words
    • 68 2 THE SINGAPORE Professional Centre will hold a talk on investment for professionals on May 21. It will be given by George Lee and John Stainsby. Mr Lee is the vice-president of Security Pacific Hoare Govett Asia, while Mr Stainsby is an assistant director of Singapore International Merchant Bankers.
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    • 107 2 THREE GIRLS 1 SCHOOLS are planning to go independent. Nanyang Girls' High School. Singapore Chinese Girls' School and Methodist Girls' School recently submitted their proposals to the Ministry of Education. Nanyang hopes to go independent next January if its blueprint is accepted by the ministry.
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    • 114 2 MALAY PROFESSIONALS can now register with the Singapore Malay Chamber of Commerce (SMCC) as professional members. Two members of the new category may also sit on the new management committee to be formed next month. Professional members can vote in next month's annual
      114 words
    • 308 2  -  By WILLIAM CHIA CASH-STRAPPED Singapore Animal Husbandry Enterprises (SAHE), now under judicial management, has been offered its first firm rescue plan. A local food manufacturer, represented by Royal Trust Merchant Bank, is offering unsecured creditors 15 cents on the dollar and shareholders 5
      308 words
    • 316 2 LOCAL air officials will be holding talks in the Republic with their Japanese, West German and British counterparts next month to negotiate for more airline capacity between Singapore and these countries. Talks will also be held with Qatar on June 22 and 23 to
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    • 62 2 IN THE BANKING, Finance and Insurance Supplement 1988 published yesterday, a table accompanying an article by Chew Loy Kiat, executive chairman of Reinsurance Management Corporation of Asia (Pte) Ltd, should have indicated that London Guarantee Reinsurance Company Ltd stopped transacting new business in December 1985. A misplaced
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  • Page 2 Advertisements
    • 120 2 Welcome to a stopover in Germany. 17 <1 V Zp <Y &m -ZSBBmbdfr: 'x. Wherever you go in Europe, either on business or on holiday, make a stopover in Germany. This place we call home gives you everything from picture-book landscapes to streetside cafes. Lufthansa's Hansatours offer you a variety
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    • 68 2 WE'LL BOWL YOU FOR SIX toac rejsi ie/QI SIX NEW MENUS FOR LUNCH AND DINNER SPLENDID! The Inn of Happiness scores again with six absolutely splendid menus. Each an exciting and tasty combination for a truly satisfying meal. From $28 for two persons to $338+ for ten persons. HIOTON INTERNATIONAL
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  • ASIA-PACIFIC
    • 487 3 AP FORMER JAPANESE prime minister Yasuhiro Nakasone proposed on Tuesday that Pacific Rim countries organise a new Jorum for cooperation in policymaking and mutual assistance in anticipation of what he termed the approaching "Asia-Pacific Age." i. Such a body should promote
      AP  -  487 words
    • 217 3 AFP JAPAN'S major opposition parties said on Tuesday that they would demand the resignation of controversial Cabinet member Seisuke Okuno who has defended Japan's military role in World War 11. Top parliamentary officials of the opposition Japan Socialist Party, the Democratic Socialist Party and the Japan
      AFP  -  217 words
    • 570 3 NYT CHINA has vaulted into the top ranks of nations that supply arms to developing countries, largely through its arms sales to Iran and Iraq, according to a report published on Tuesday by the research arm of the US Congress. In the
      NYT  -  570 words
    • 223 3 AP PRESIDENT Ronald Reagan assured Chinese Vice-Premier Tian Jiyun on Tuesday that trade between the US and China will continue to expand. White House spokesman Marlin Fitzwater said on Tuesday. Mr Tian, in Washington on a nine-day visit, met Mr Reagan in the Oval Office.
      AP  -  223 words
    • 433 3 Multi-billion-dollar assistance for Manila Reuter WASHINGTON'S move to put together a multi-billion-dollar aid plan for the Philippines is not aimed at influencing Manila's decision on the two US bases in the country, ambassador Nicholas Piatt said on Tuesday Earlier, President
      Reuter  -  433 words
    • 295 3 Reuter THE PHILIPPINES and the US are near agreement on the rescheduling of U*****.5 million of official debt. The Philippine Finance Department said in a statement on Tuesday that Manila had concluded rescheduling agreements with 12 of 14 creditor countries who are members
      Reuter  -  295 words
    • 331 3 AFP THE PHILIPPINES will seek new loans from commercial banks this year while finding ways to regulate its debt servicing to allow for economic growth. Finance Secretary Vicente Jayme said on Tuesday It will be the first time the government has sought new commercial loans
      AFP  -  331 words
    • 205 3 AFP THE ASSOCIATION of South-east Asian Nations (Asean) was urged on Tuesday to forge closer economic cooperation to safeguard its future in the face of global economic change. Paul Leong, chairman of the Group of 14 (G-14) Asean working committee, said Asean should
      AFP  -  205 words
    • 275 3 AP SAUDI ARABIA has so far refused to let the United States inspect the missiles it bought secretly from China in 1986. Assistant Secretary of State Richard Murphy said on Tuesday. But the US is "completely satisfied" with assurances given by
      AP  -  275 words
  • Page 3 Advertisements
    • 187 3 AHOME NOTAHOTEL There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or family who plan
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  • Page 3 Miscellaneous

  • Page 4 Advertisements
    • 448 4 As a company treasurer, you're constantly caught up in prickly situations. Day in, day out, your decisions and your company's projections are at the mercy of a frightening variety of financial risks. Porcupines have natural advantage Risks that could easily wipe out your profitability or destroy your competitive edge. ihey
      448 words

  • REST OF THE WORLD
    • 271 5 AFP WORKERS at the Lenin shipyard in the northern Polish city of Gdansk called off a week-long strike on Tuesday and conceded that they had failed in their action. strike leaders said. Some 1,000 strikers marched out of the shipyard, led by
      AFP  -  271 words
    • 893 5 ARRIVALS Operator Service number Local time From SIA SQ11 0040 LAX/NUT IUFT LH4514 0140 FRA/0XB SIA SQ491 0525 BWN IC IC555 0655 MAA SIA SQ411 0800 BOM MAS MH640 0820 KUL MAS MH651 0910 PEN MAS MH607 0920 KUL AC AC888 0925 YYZ/LHR/BOM GlA GA9601 0935 CGK
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    • 172 5 AP ATTEMPTS to bring together the economic policies of big countries have produced disaster, a top adviser to Margaret Thatcher in her early days as British prime minister said on Tuesday. Sir Alan Waters was referring to the "Louvre agreement" reached in Paris last year, in
      AP  -  172 words
    • 123 5 AP SOVIET LEADER Mikhail Gorbachev says his reforms have produced "veritable confusion in the minds of many people workers, intellectuals and administrators alike", but that even those who have panicked or failed should not be dismissed as irresponsible opponents of social change. In an important
      AP  -  123 words
    • 60 5 THE SOVIET UNION is considering setting up special economic zones in the tar east of the country to help develop the region The director-general ol the official Soviet news agency Tass. Sergei Losev. said on Tuesday during a visit to Japan that the idea of
      60 words
    • 444 5 Agencies MASSACHUSETTS governor Michael Dukakis moved closer to the Democratic presidential nomination on Tuesday with landslide victories over Jesse Jackson in the West Virginia and Nebraska primaries. Incomplete vote tallies showed Mr Dukakis leading Rev Jackson by 79-14 per cent in West Virginia and 66-24
      Agencies  -  444 words
    • 163 5 Reuter THE US Congress intended to send President Reagan the controversial trade bill yesterday, Senate Democrat leader Robert Byrd told reporters on Tuesday. Mr Reagan has said he will veto the bill because of a provision dealing with serving advance notice before large
      Reuter  -  163 words
    • 208 5 AP THE PANEL of experts created to solve the US government's budget deficit woes convened its first public meeting in Washington on Tuesday, pledging to finish its work ahead of schedule. Former Transportation Secretary Drew Lewis, now head of Union Pacific Corp, and
      AP  -  208 words
    • 217 5 AP THE US HOUSE of Representatives has unanimously approved a bill authorising the United States to join 76 other countries as a signatory to a 102-year-old treaty on copyright protection of literary and artistic works Tuesday's vote on the so-called Berne
      AP  -  217 words
  • Page 5 Advertisements
    • 63 5 W Ag \1 I f I The business person's choice, every I 11 111 1 Tuesday. Thursday, Saturday and I I 1 VI \l II f Sunday. Leaving Changi Airport at I x. W /I A J 22 05 hours and arriving at Lester B Pearson International Airport the following
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    • 78 5 le dffiranct-j %jk K V I I* 1 >.JL mm The finest French restaurant in town celebrates! Louis Outhier Festival May 16—22, 1988 The celebrated 'chef extraordinaire' is here to present the finest of culinary creations in the elegant ambience of le Restaurant de France. Lunch 12.00pm—2.30pm (Monday—Friday) Dinner 7.00pm
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  • COMMODITIES
    • 326 6 AFP MALAYSIA HAS PLEDGED to keep its oil output at the present level of 540,000 barrels a day to support Opec efforts to stabilise world oil prices, Indonesian Mines and Energy Minister Ginanjar Kartasasmita has said. Mr Ginanjar said in Jakarta on Tuesday
      AFP  -  326 words
    • 135 6 Bernama MALAYSIA'S gold production in 1987 increased 28.3 per cent to 3.47 million grams from 2.70 million grams in 1986. said the States of Malaya Chamber of Mines 1987 annual report. Sabah accounted for 2.71 million grams or 78.2 per cent of the total
      Bernama  -  135 words
    • 239 6 Chinese Produce Exchange Sellers' noon closing prices on May 11 (S$/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loos*) 61 sellers Pepper Muntofc white FOB NLW 1122.50 Sarawak white FOB faq NLW 1107.50 Sarawak special block FOB NLW 670.00
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    • 149 6 Reuter THE TIN PRICE on lha Kuala Lumpur Tin Market closed a cant higher yesterday at M 517.40 a kg in moderate trading despite a higher supply of metal, dealers said. Turnover rose to 109 tonnes from 59 on Tuesday as miners were keen to sell at this
      Reuter  -  149 words
    • 110 6 A FIRMER TONE characterised yesterday's market although spot trade remained fairly subdued. Traders appear to be speculating on June positions for various products, particularly on fuel oil. Supplies for May appears tight for fuel oil, gasoil and naphtha. Closing prices for crude (FOB origin) US$/borr#l Otang* Toph
      110 words
    • 331 6 Reuter SINGAPORE The market closed slightly higher yesterday with June 1 RSS buyers quoted at 247.00 cents a kilo, up half a cent from Tuesday's close, dealers said. Prices were marked up about 1.50 cents at the outset and fluctuated narrowly thereafter. Dealers said profit-tak-ing emerged in the early
      Reuter  -  331 words
    • 282 6 RAS prices In 3 c*nt*/*g, FOB In bata NOON CLOSE Buyers S*tl*rs Buy*rs Sellers lot 1 RSS Prompt 250.00 251.00N 248.50 249.50N lot 1 RSS June 88 248.50 249.5ON 247.00 248.00 lot 1 RSS July 249.50 250.50 248.00 249.00 Int 2 RSS OP 245.50 247.50N 244.00 246.00N
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    • 79 6 (cents/kg) JUNE 1988 JULY 1988 (current month) (forward month) NOON NOON RAS Buyers S«ll*rs Buyers Setters SSR 20 224.50 226.50N 224.50 226.50N SSR 50 223.00 225.00N 223.00 225.00N MRELB Buyers Sellers Buyers Sellers SMR CV 386 00 388.00N 387.00 389 00N SMR I 418.00 420 00N 419.00
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    • 202 6 Reuter CBT SOYBEAN futures rallied on Tuesday to new contract highs for the third consecutive session, surging seven to 5-3/4 cents a bushel. November rose the most at $7 33-1/2. Buying enthusiasm reached another peak, with speculative elements of the trade including the public at large entering the market,
      Reuter  -  202 words
    • 200 6 Reuter CBT WHEAT futures closed 1-3/4 to three cents a bushel higher on Tuesday, with prices edging off the highs in late trade July finished 2-1/4 cents higher at $3 13-1/4 The recent rally in wheat has taken on a technical tone, with commercials only modest participants, traders said.
      Reuter  -  200 words
    • 431 6 Bernama ES Reuter MALAYSIAN crude palm oil futures on the Kuala Lumpur Commodity Exchange closed higher yesterday. Dealers said that Pakistan's tender of 6,000 to 12,000 tonnes for the first half June shipment for RBD palm oil raised sentiment on the market. May was up by $10 to
      Bernama ES; Reuter  -  431 words
    • 362 6 HONGKONG: The metal closed higher in quiet trading yesterday on continued moderate buying by local and Australian speculators, dealers said. They attributed the strength of the metal partly to a weak Hongkong dollar. Bullion ended at U*****.00/40 an ounce against an initial $449.70/450.20 and New York's 449.50/450.00 close
      362 words
    • 320 6 London Commodity Exchange Buyer/Seller closing prices on Moy 10 (£/tonn« unless specified). Previous closing prices in parenthesis. Coffee Bash in-store London, sellers option ClF London May 1065/1067 (1051/1053) High/Low 1072/1048 Jul 1085/1086 (1072/1074) High/Low 1088/1069 Sales (3673) Cocoa Moy 907/912 (914/916) High/Low 914/910 M 929/930 (932/933) High/Low 933/926
      320 words
  • Page 6 Advertisements
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      277 words
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  • FOCUS
    • 1205 7  -  Chemicals that ooze out from spray cans, once thought under control, are continuing to cause serious damages to the protective ozone layer. In the following articles GENEVIEVE CUA looks at the latest scenario and what it forebodes. GENEVIEVE CUA IT SEEMS
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    • 623 7 AWARENESS of the potential restrictions pn the use of choloroftourocarbons, or CFCs, varies among the major users contacted by BT. Most, however, are resigned to the outcome of world developments, echoing a sentiment that the situation was beyond their control. Much concern
      623 words
    • 360 7 CHEMICAL companies world-wide have plunged into a frenzied race to develop CFC substitutes. But major suppliers here believe it would take another five to seven years before alternatives can be put to commercial use. Alternatives will also be about three to five
      360 words
  • Page 7 Advertisements
    • 174 7 THE ORIENTAL CORDIAUY INVITES YOU TO WRITE YOUR NAME IN HISTORY AT FOURCHETTES T* 9&P fm K 1 T 2000 years before the Benedictine monk Dom Perignon uncorked a certain sparkling wine in the Champagne region the Romans founded a restaurant. Since then, the restaurant's visitors have included such illustrious
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  • PERSPECTIVE
    • 523 8 Loans examine the fine print WITH THE RENEWED INTEREST in home mortgages and car loans, banks and finance companies are going after a bigger share of the market by introducing new loan products and by embarking on big promotion campaigns that put a heavy emphasis on newspaper advertisements. Competition among
      523 words
    • 1416 8  -  Indonesia is set to make tourism the number two revenue earner after oil and gas. The number of visitors have been increasing and double digit growth was recorded in the last two years. AMY BALAN talks to director-general for tourism Joop Ave about his tourism
      1,416 words
    • 488 8 UNRESTRICTED entry into Indonesian waters and 3.000 islands waiting to be explored these are the major selling points of the Pulau Bayan Marina Club Singaporeans who love the sun and sea are the main target ot this $18 million project on a tiny island off
      488 words
    • 812 9 Reuter JAPANESE foreign aid officials are complaining they have too much money and not enough people to hand it all out. Japan is set to pass the United States as the world's leading donor of foreign aid to developing
      Reuter  -  812 words
    • 1304 9 Mr Edzard Reuter, (left) head of Daimler-Benz, and Mr Alfred Herrhausen, chief of Deutsche Bank, are steering their companies on a path which will do much to shape the West German economy in the next decade. The Economist EXECUTIVES in West Germany hardly look like
      The Economist  -  1,304 words
  • Page 8 Advertisements
    • 249 8 5* > A V 5 '-r y-' f <Mr i'~ i' \'A i il X( rs 3> VI- M+ *r: /> K 4* .S < i X "ML* V > .V# ;xm* m i f A x /l<A 7 f .'*■>£»+ >' M 'A wi 4 9 i« V <i?
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  • Page 8 Miscellaneous
    • 634 8 11 12 13 19 20 CRYPTIC PUZZLE ACROSS 1 Name the winner (6) 7 Moving along the lower route? (5. 3) 8 A lot of water just for one leak! (4) 10 Bees in one's bagpipes? (6) 11 Disagree in beggarly style, maybe (6) 14 In which to be looked
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  • Page 9 Advertisements
    • 78 9 The Sichuan experience with the Meisan difference .4 r."*-' V Savour the finest Sichuan aromatic, spicy gourmet creations in an exciting blend of flavours. And discover the exquisite art of true enjoyment. ?K ffi KAH At the Meisan. MEISAN IiEHIJ S2ECHUAN RESTAURANT Distinctively Sichuan, instinctively Meisan Y Royal S*\yc Singapore
      78 words
  • Page 9 Miscellaneous
    • 1245 9 Blister iftankDictens Tne weyT oooa ON RIGHT \S BLN/IHG oePp>^paeKr... T <3>-^ o-Q& -j THE. cmpsP HFHNCJIHG m\s socxs OK Tae. RPO\PTTOR \S 6(?»S"C>UJ S Q CP VAeS. e)G»Ht€jEjATH IN UHE. Ffcf? j CH\ef Tms uttue. PIGGY v ue.nr to pn^RKer. to aoa mm Hl2 7.30 PM Opening and Programme
      1,245 words

  • Page 10 Advertisements
    • 315 10 CTi i i '-J (XfJiB i k/ H ,<r*t v« 4 BROOCH in the form of a basket in carved lapis lazuli and diamonds, filled with engraved ruby and diamond leaves and onyx berries. (New York, 1927). DRAGON-FLY BROOCH, cabochon emerald body, diamond head with ruby eyes, ruby tail, articulated
      315 words

  • Page 11 Advertisements
    • 764 11 Page 11 /•jjkg a it* I V PARROT BROOCHES. The yellow diamond parrot brooch has 130 white diamonds (1.95 cts), 62 yellow diamonds (0.90 ct) on yellow 18K gold (12.30g). The white diamond version has 192 diamonds (2.47 cts), on platinum (12.60g) and white 18K gold (2.20g). Onyx eyes, beaks
      764 words

  • SPORTS & LEISURE
    • 478 12 UPI TOP SEEDED Ivan Lendl had a smooth outing on Tuesday as he defeated fellow Czech Jaro Narvatil 6-2, 6-4 in a powerful display of clay court skill in the first round of the U*****,000 Italian Open championships in Rome. Earlier, third seed Boris
      UPI  -  478 words
    • 276 12 Reuter MATS WILANDER claims he does not care one way or another. Boris Becker says he would rather win a third Wimbledon title while John McEnroe yearns to recover that which he once held dear. Though no trophy is awarded a bland computer
      Reuter  -  276 words
    • 277 13 AP FORMER world middleweight boxing champion Marvin Hagler, while publicising his first ever performance as an actor in Milan, Italy, has made it clear that boxing remains his main interest. "Marvellous Marvin", who lost the middleweight crown to Sugar Ray Leonard last year,
      AP  -  277 words
    • 145 13 AP MARIO ANDRETTI turned in the fastest lap in Indianapolis Motor Speedway history at 352 kph on Tuesday, leading a Chevrolet sweep of the top speeds so far in practice for the May 29 Indy 500. Teammates Rick Mears, Al Unser and Oanny
      AP  -  145 words
    • 588 13 Reuter FORMER world champion Ross Norman of New Zealand narrowly averted defeat against Britain's Geoff Williams to reach the quarter final of the world championship tournament in Amsterdam on Tuesday. Forced to a 64-minute match, Norman's hard-won victory leaves room for a repeat in
      Reuter  -  588 words
    • 400 13 AP THE DETROIT PISTONS won their 11th straight home play-off game and held Michael Jordan in check on Tuesday. Adrian Dantley scored 18 of his 23 points in the first half and Detroit held Jordan to seven points in the opening 24 minutes en route to
      AP  -  400 words
    • 199 13 Reuter POINT GUARD Mark Jackson, who set a National Basketball Association (NBA) record for assists by a rookie while leading the New York Knicks to their first play-off berth in four seasons, was named the 1988 NBA Rookie of the Year on Tuesday. Jackson, the
      Reuter  -  199 words
    • 193 13 AP A GROUP of 34 leading South Korean dissidents yesterday urged the presidents of South and North Korea to "immediately resume negotiations" to bring the two sides together in the Olympics in Seoul in September. "We believe the 24th Olympiad affords the brethren in
      AP  -  193 words
    • 391 13 AP A BRITISH TEAMMATE and a South African-born opponent have criticised international track and anti-apartheid officials for actions that led to Zola Budd's decision to quit the sport. Angela Tooby, who benefited from Budd's earlier decision to skip the world cross country championships, and
      AP  -  391 words
    • 606 13  -  Jranklif speakinq... WALTON MORAIS NOW THAT Zola Budd has been forced by circumstances to take a break from athletics, there is likely to be a growing crescendo of sympathetic voices claiming that anti-apartheid activists are missing the target and victimising a poor little innocent girl instead. It's
      606 words
  • Page 12 Advertisements
    • 309 12 COURYOISIERXO-Where to eat, drink... Royal Holiday Inn Singapore will be scoring a first in the local hotel industry when it holds weekend sunset dinner buffet prepared by muslim chefs, during the Muslim fasting month. Join us in the observance of Ramadan and the celebration of Hari Raya Puasa. BERBUKA BUFFET
      309 words
    • 231 12 i-*S£ Fashion showl fas Won show 1 "fa*<**lsakkk? f'^use^ BARBEQUE 'N' FASHION SHOW, a double pleasure, by the POOLSIDE, food served 7pm 10pm showtime 8.15pm, every Thursday and Friday. Select from a variety of: salads and dressing, vegetables, meat, seafood and desserts. Not forgetting choice of coffee or tea. $1650++
      231 words
    • 193 12 FASHIONABLY HYATT Join the fashion-conscious every Thursday(3.oo-6.()opm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.50 rvr tvrc/"\n Plus 10% Service Charge F
      193 words
    • 259 12 SUNDAY FAMILY LUNCH fwiu B s< A s Bnng the family for a fabulous meal of fresh seafood and Chinese dishes from our a la cane menu. At a generous 25% off the bill. But only on Sundays between 11.30 am and 2.30pm. And for a limited period. yv m
      259 words
    • 198 12 French connection The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a T Orange, Quiche Lorraine. Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Make the French connection for just ra^ ,Sand (gfcg&Aeln $15 for children. 'Pnoes subject
      198 words

  • Page 13 Advertisements
    • 545 13 and entertain 4 So much to choose for only $21.50 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection...superb pastries, truffles, fortes...cheese board, fresh fruit...freshly brewed coffee All for $21.50 And for $27.50 you can add a roast or a choice of 6
      545 words

  • MONEY AND EXCHANGES
    • 1328 14 SINGAPORE: The US dollar closed lower against most major currencies yesterday following some selling by Japanese exporters in quiet trading, dealers said. The dollar ended at 124.10/20 yen compared with New York's 124.30/40 close and at 1.6755/65 marks against 1.6790/95. The dollar ended at 1.3910/20 Swiss francs against
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    • 281 14 Reuter IMM CURRENCY futures finished a very sluggish session yesterday mostly higher. Most contracts established the day's highs and lows before midday and languished inside trading ranges as traders sought, but failed to find, fresh incentive. Locals dominated, with scant outside or dealer interest evident as participants waited for
      Reuter  -  281 words
    • 53 14 THE OVERNIGHT rate on the Singapore interbank market fell 3V6 points to per cent yesterday. S$ Interbank rates at 1 2 noon yester day: OFfft BID Ov«f night 1/4 3 1/8 1 mon&i 3 9/16 3 7/16 2-montto 3 9/16 3 7/16 3-moofft 3 5/8 3 1/2 Overnight
      53 words
    • 88 14 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 11.8.88 3.38 3.33 3.39 3.28 6 months BY*****H 22.9.88 3.50 3.45 3.47 3.45 1 year BY*****Z 23.3.89 3.62 3.57 3.64 3.58 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      88 words
    • 194 14 Indicates the average of the prime lending rates of 12 major banks in S pore Interbank market rates (offer/bid) on May 11 us$ DM SWFC Yen 7 doys 7 i/4 t/e 7 5/8 3/8 3 5/16 3/16 J 1/4 J 3 5/8 1/2 1 mfh 7 3/8
      194 words
    • 468 14 JUNE EURODOLLAR futures yesterday opened five ticks off the previous close at 92.30 as a result of uncertainty over the degree of tightening of the Federal Reserve's credit policy. Although the demand for the three-year auction was within market expectation, concern over the remaining legs of the US treasury
      468 words
    • 1540 14 CURRENCY FUTURES OPTIONS Wednesday, May 11, 1988 DEUTSCHEMARK (SIMEX) Jun M calls Jun M puts High Low M High Low Stfl 54 CAS CA» S 58 1846 109 2A 5 5' «8« 102 is 60 39> <1 60A 56 '3 I23A 118 4 220A 2is 63 1 320A 315
      1,540 words
  • Page 14 Advertisements
    • 77 14 Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are easy to order and
      77 words
    • 10 14 IB &ANQUE INDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106
      10 words
  • Page 14 Miscellaneous
    • 110 14 vs"'— Singapore Cloudy I Cloudy i Cleor I Clear i Cloudy Clear I Clear i Sunny I Clear I Clear I Cloudy Cloudy I Fine Rain i Cloudy Clear Clear Fine Cloudy Cloudy Clear Fine Clear Cloudy Cloudy Clear Clear Cloudy Cloudy Clear Clear Cloudy Cloudy Clear Cloudy Cloudy Rain
      110 words

  • BANKING AND FINANCE
    • 566 15 FT FIRST BOSTON, the Wall Street securities house wracked by defections and trading losses, and Credit Suisse, a leading Swiss bank, are discussing the creation of a global investment banking firm. The talks, acknowledged publicly on Tuesday by both Credit Suisse and
      FT  -  566 words
    • 323 15 FT THE AMP SOCIETY, Australia's largest insurance and investment group, chalked up another notable year in 1987, despite last October s stock market crash. The group's annual report shows the market value of its shareholdings and its overall earnings rate both suffered a fall.
      FT  -  323 words
    • 235 15 Reuter AMERICAN Treasury Secretary James Baker said debtor nations must open their markets and make their countries more hospitable to private investment. In remarks prepared for delivery to the Economic Club of Detroit. Mr Baker said the US and other industrialised nations have
      Reuter  -  235 words
    • 349 15  -  By LEONG WEN WAH INDOSUEZ ASIA (Singapore) Ltd, the merchant banking arm of Banque Indosuez in Singapore, is reducing its paid-up capital. Banque Indosuez, one of France s largest banks, has reviewed the securities trading activity of its Singapore branch and its
      349 words
    • 469 15 FT EFFORTS BY DEBTOR countries to follow sound economic policies were being imperilled by the failure of commercial banks to lend them more money, said Michel Camdessus, managing director of the International Monetary Fund. Mr Camdessus, delivering the eighth Mais Lecture at City
      FT  -  469 words
    • 181 15 Gold futures on May 10 100 troy ounces USS per troy ounce Op«4t Htflh Low Soltl* Moy 446 50 446 50 446.50 450.10 -►2.80 iwn 449 00 452.70 448.00 451.60 2.80 Jut 453 90 ♦2.90 Aug 453 20 457.30 452 50 456.10 ♦2.90 Oct 458.50 462.30 457.20
      181 words
    • 356 15 Asian market Reuter ASIAN DOLLAR deposit rates closed steady yesterday at firmer opening levels. but trading was quiet in the afternoon, dealers said. They said most operators stayed on the sidelines in the afternoon as they await the outcome of the US Treasury's refunding auction of $8.75 billion of ten-year
      Reuter  -  356 words
    • 103 15 UPI WEST GERMAN BANKS have agreed to extend US$2 8 billion in credit to the Soviet Union to help modernise consumer goods and food industries. The agreement, reached after three days of talks in Dusseldorf between Soviet officials and about 200 West German bankers
      UPI  -  103 words
    • 172 15 AFP THE US Federal Reserve Bank may already have tightened its monetary policy because of fears of increased inflation, according to US financial sources. In a series of interviews published on Tuesday in The Wall Street Journal, several Fed officials said in recent days that
      AFP  -  172 words
    • 286 15 Reuter HONGKONG and Shanghai Banking Corp chairman William Purves feels that there is still some nervousness in the wake of last October s stock market crash. Mr Purves told shareholders at the annual meeting on Tuesday, "The group did not entirely escape the
      Reuter  -  286 words
  • Page 15 Advertisements
    • 227 15 <3L busy schedule Cetvt^ This gift is available only to Singapore subscribers. Subscription orders received after 20th May '88 will not include the Singapore Business Yearbook. SINGAPORE BUSINESS understands your commitment to your work. So, instead of having to go out in the sweltering heat or get held up somewhere
      227 words
    • 107 15 GRAND SHOWROOM OPENING by Edmund &Shukor on May 14 15 (Sat Sun) 10am 10pm r§ C 't>i ff i m 1 I I usf By, '4 Ci' -vat'*■*' -«•*-< f. T f*M g «gr *Sv Wsr< F*.'- J? V*Jlj<->7>».v3>. II 1 We have personally assembled a fine collection of carpets
      107 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4783 16 THE Singapore stock market continued to drift sideways in directionless trading yesterday in the wake of conflicting overseas news. Although trading started on a fairly firm note following Wall Street's overnight rebound above the psychologically important 2,000 level, the stock market lost some ground
      4,783 words
  • Page 16 Advertisements

  • COMPANY NEWS
    • 327 17 MBT THE Low Yat group has sold the Prince Hotel in Kuala Lumpur to Hongkong investors for Mss3 million cash. It is believed this is the first time that a foreign group has acquired a 100 per cent interest in a
      MBT  -  327 words
    • 340 17 NET CURRENT ASSETS of Singapore Bus Services Ltd have risen 1.5 times to $146.64 million last year, increasing the group's net tangible asset backing by 15.5 per cent to $4.06 per share. Fuelled by higher retained profits and after-tax profits of $36.9 million for the
      340 words
    • 301 17 HONGKONG-LISTED William Hunt Holdings Ltd, which has already entered into an agreement to sell a 50 per cent interest in the South Pacific Hotel Corp Ltd in Australia, may take in a second partner who will acquire a minority interest. William Hunt announced
      301 words
    • 278 17 CHUAN HUP Australia Ltd's attempt to boost the value of its assets through a back-door listing on the Hongkong Stock Exchange has produced a mixed result for its shareholders. A recent report by the Australian Financial Review said that directly after the shares in
      278 words
    • 153 17 MBT TRADING in United Engineers Malaysia (UEM) shares, which was suspended on May 13, 1983, will resume on the Kuala Lumpur Stock Exchange on May 19. The exchange announced yesterday the 25 million new UEM shares issued pursuant to its reconstruction scheme
      MBT  -  153 words
    • 3703 17 BID 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".
      3,703 words
    • 325 17 Managers' prices (S) for May 12 Japon Gr fund Shon*©'* The«f* fund 61 081 1 66* 081 Singapore Unit Trust The Conwerce 096 1 OS The Sovngj fu<xl 081 067 Spore Prog fund 0 39 043 Spore Sec fund 0 64 069 S po'e ln«e»t fund 0 68
      325 words
    • 468 17  -  By MAGDALENE NG PROPERTY-BASED Bonvests Holdings has officially announced its intention to acquire an initial 43 23 per cent in Tonhow Industries for $1.18 each, confirming an earlier BT report. Bonvests. acting through its wholly-owned subsidiary BHL Investments Pte Ltd, intends to make an
      468 words
    • 801 17 Three major acquisitions and big rights issue planned MBT RALEIGH BHD has announced a bumper restructuring package consisting of three major acquisitions totalling Ms2B6 42 million cash and a massive seven-for-two rights issue of 253.73 million new shares at Msl par to finance it. The
      MBT  -  801 words
    • 259 17 Bernama ES RALEIGH Bhd reported a lower group loss after tax of M 5923.000 for the year ended Jan 31, 1988, from M 53.39 million previously. At the pre-tax level, the loss was M 5521.000, down 55 per cent from last year Group turnover
      Bernama ES  -  259 words
  • Page 17 Advertisements
    • 86 17 DAO HENG BANK LIMITED (Incorporated with Limited Liability in Hong Kong) USD 45,000,000 Floating Rate Negotiable Certificates of Deposit due 1993 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the six month interest period from 6th May 1988 to 7th November 1988,
      86 words
    • 106 17 FOR SALE Flatted Factory Building (En Bloc) Tanglin Halt Road 9-storey flatted factory building with offices on the Bth and part of the 9th storey Other facilities include loading platform carpark and canteen Total Floor Area 137.627 sq ft Land Area 40.022 sq ft Located at 483 Tanglin Halt Road,
      106 words

  • REGIONAL MARKETS
    • 563 18 AFP, Reuter KEVIN PARRY, the former high-flying Western Australian entrepreneur suffered the biggest setback of his corporate career on Tuesday when he was removed from the board of directors of his family firm, Parry Corporation. A tension-charged
      AFP,; Reuter  -  563 words
    • 291 18 Reuter A TWO-YEAR BATTLE for control of Philippine beer and food giant San Miguel remained deadlocked at a stormy annual meeting on Tuesday with incomplete elections to the company's board. Thousands of stockholders packed a suburban Manila country
      Reuter  -  291 words
    • 219 18 Reuter JAPAN'S consumer electronics industry, yielding to pressure from US music companies, has delayed the US introduction of digital tape recorders until the two sides can settle a bitter copyright dispute. American industry executives and analysts say that the US marketing arms of
      Reuter  -  219 words
    • 2759 18 SHARE PRICES closed mildly higher on the Kuala Lumpur stock market yesterday in lethargic conditions. especially in afternoon trading. Once again, it was one of those lifeless sessions virtually devoid of any fresh leads which the market had badly needed for some semblance of direction. On
      2,759 words
    • 42 18 INTERNATIONAL TRUST FINANCE Limited: 20th AGM at 65 Chulia Street. #19-00 OCBC Centre. Singapore 0104 today at noon. HARIMAU INVESTMENTS Limited: 15th AGM at 65 Chulia Street #19-00. Conference Room. OCBC Centre. Singapore 0104 on Monday. May 16. at noon.
      42 words
    • 1483 18 Hongkong Reuter HONGKONG stocks closed sharply lower yesterday following declines in Tokyo and news that British Chancellor of the Exchequer Nigel Lawson said he thought there could be a co-ordinated increase in world interest rates. The Hang Seng Index finished off 28.66 points at 2,534.36 and the
      Reuter  -  1,483 words
    • 128 18 MAY 11 WON Ml ***** unch Cheil Sugar ***** +100 Kangwon Ind Kii Motor ***** 500 100 D»«iim ind ***** ►Colon ind ***** -500 Daewoo Corp ***** 100 Korea Long Term ***** 200 Daewoo Heavy ***** 100 Lucky Ltd ***** -150 Daishin Securities ***** 400 Oriental Brewery ***** -300
      128 words
    • 494 18 Reuter TOKYO share price* fell sharply yesterday in afternoon trade due to news that British Chancellor of the Exchequer Nigel Lawson said he thought there could be a co-ordi-nated rise in world interest rates if the US Federal Reserve raised short-term rates, brokers said. They noted that Mr Lawson's
      Reuter  -  494 words
    • 447 18 Reuter THE AUSTRALIAN share market closed firm but off its highs yesterday as nervous buyers retreated towards the close. Brokers said the market's poor performance was due to a lack of direction and interest. "It really was struggling but volumes have improved," one broker said. "We had expected a
      Reuter  -  447 words
    • 157 18 Reuter THE SECURITIES Exchange of Thailand Index rose 2.86 to 416.93 on a turnover of 3,813,801 shares worth 613.81 million baht. Reuter MAT 11 BAHT f. Ao Kham Thai 246 unch Ayudhya Investment 386 6 Bangkok Agro-lnd 134 unch Bangkok Bank 331 2 Bank O Ayudhya 352 unch Charoong
      Reuter  -  157 words
    • 243 18 MAY 11 NT 5 00 KoJin Kuochan Dev Laa Chang Yuan 46 20 62 00 64 50 13 1.5 0 5 Asia Camant 80 90 105 00 3 *2 5 L>an Hwa Indue Nan Ya Plaa 78 00 80 50 2 2 450 00 13 Pacific Cons 81 00
      243 words
    • 89 18 MAY 11 peso* *b 0 011 4-0 001 Apoi Mining B AtlM Con B 0 034 0 003 2290 *05 Bagmo Gold Baste Pctrotoum Bonguol Con B FirM Pttil Hkjgt Lapanto B MftfCOpp#? i 0 016 une»i 85 uncti 10 ♦0.7 0 48 unch Marwaai Oriental B Phil Ovarsaa*
      89 words
  • Page 18 Advertisements
    • 549 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MM SANITATION .(SINGAPORE) PRIVATE LIMITED (IN MEMBERS' VOLUNTARY WINDING-UP) The following special resolutions and ordinary resolution were deemed to be passed at the Extraordinary General Meeting of the Members of MM Sanitation (S) Pte Ltd
      549 words
    • 77 18 KING DEVELOPMENT CO. PTE LTD (In voluntary Liquidation) Notice is hereby given pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 10 Anson Road #20-05 International Plaza S(0207) on 15th June 1988 at 11.00 am
      77 words

  • WORLD MARKETS
    • 1012 19 New York Reuter WALL STREET on Tuesday snapped a four-day losing streak on light volume. But the gain was hard won as weaker bonds and concern over the Treasury auction threatened to deflate enthusiasm from announcements that several major index arbitrage players would stop proprietary trading.
      Reuter  -  1,012 words
    • 1019 19 London Reuter LONDON shares opened nervously lower yesterday as investors looked at the implications of the sharp overnight sell-off in Tokyo shares, dealers said. The Japanese market slid after remarks, in the Wall Street Journal, from UK Chancellor of the Exchequer Nigel Lawson that there could be
      Reuter  -  1,019 words
    • 1327 19 Selected indices HONGKONG Hongkong Index 'Wednesday 1.674 66 'Tuesday 1.***** Week ago 1.***** Hang Seng Index Wednesday 2.534 36 Tuesdoy 2 ***** Week ago 2.641 13 All Industrials Wednesday 2 2806 Tuesday 2.266 0 Week ogo 2.333 7 NEW YORK Dow Jones Tuesday *****5 Monday 1.997 35 Week ogo 2.058
      1,327 words
    • 73 19 Reuter MERRILL LYNCH International is issuing 40.000 covered warrants for shares of Japan's Sanwa Shutter Corp. lead manager Merrill Lynch Capital Markets AG said. Each warrant costs 250 Swiss francs, and entitles the bearer to buy 50 shares at 1.060 yen per share between June 14.
      Reuter  -  73 words
    • 588 19 NYT IN A MOVE intended to restore investor confidence in the stock market, five large Wall Street firms announced on Tuesday that they had suspended program trading for their own accounts. The action came in the wake of intense
      NYT  -  588 words
    • 271 19 Reuter BOEING CO said an ongoing internal study has shown that corrosion damage is the most common problem found among older Boeing aircraft now in service. Richard Johnson, Boeing's chief engineer for structural technology, said through a spokesman that "the most significant findings
      Reuter  -  271 words
    • 170 19 Reuter NESTLE SA has raised its stake in Rowntree PLC to just over 11 per cent on a fully diluted basis. Nestle s broker. County Natwest Securities. said. The Swiss food group has between 9 and 10 per cent of Rowntree s ordinary shares and
      Reuter  -  170 words
  • Page 19 Advertisements
    • 607 19 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I SUB RAMA NI AM VICTOR of Apt Blk 648, Ang Mo Kio Ave 5 #03-3345 Singapore (2056), has applied for a Public House Second Class licence in respect of premises at M/s Ocean 88 Restaurant at 3, Norris Road Singapore (0820), and
      607 words
    • 570 19 NOTICE NOTICE IS HEREBY GIVEN that, I Cecelia Manimehalai w/o Dawson of Blk 9, Lor 7, #06-317 Toa Payoh Singapore 1231 has applied for a Retail Beer Shop licence in respect of premises at M/s V. FIVE ENTERPRISES at Houggang Ave 8 Blk 684. #01-957 Singapore (1953), and that this
      570 words

  • 466 20 DIPLOMATIC ACTION taken by the government last week to remove a senior US Embassy official here will not dampen Singapore's attractiveness to American investors, said Finance Minister Richard Hu. Dr Hu, speaking to grassroots leaders last night, said American businessmen
    466 words
  • 132 20 THE GOVERNMENT has expressed regret over the United States asking Singapore to recall its diplomat. Mr Robert Chua, from Washington in retaliation against the withdrawal of an American diplomat here. In a statement last night, it noted that the US action against Mr Chua. First
    132 words
  • 134 20 THE AUSTRALIAN High Commissioner was summoned to the Foreign Affairs Ministry yesterday in response to Canberra's expression of concern over the recent series of arrests under the Internal Security Act. High Commissioner Rosaleen McGovern was told the government "rejects" Canberra's concern as "unwarranted interference' in an entirely
    134 words
  • 268 20  -  by MARTIN SOONG SOME 2,000 trade unionists converged on the Singapore Conference Hall from Ipm yesterday afternoon in mass protest against American interference in Singapore's domestic affairs. Their message to the US government, spelt out in banners and placards, and shouted out in shrill
    268 words
  • 90 20 Reuter CHINA will continue borrowing from the West but in limited amounts and for specific projects, Communist Party leader Zhao Ziyang said. Mr Zhao told Irish President Patrick Hillery that China's economic growth had been slow in the past because it had been reluctant to borrow from abroad.
    Reuter  -  90 words
  • 572 20  -  CONCEPT SEEN TO FOSTER MULTI-RACIALISM IN POLITICS By ZHOU MEI THE PARLIAMENTARY Select Committee set up to consider the proposal to field Team MPs under group representation constituencies (GRCs) to ensure a multi-racial Parliament has recommended acceptance of the GRC concept. In
    572 words
  • 154 20 Reuter. AFP BRUNEI is interested in joining the Organisation of Petroleum Exporting Countries (Opec). its ambassador to Riyadh was quoted as saying on Tuesday. In an interview in the Riyadh Daily. Datuk Malai Haji Ahmed said Brunei was seriously considering joining the 13-member oil group.
    Reuter.; AFP  -  154 words
  • 421 20 First day of AWSJ hearing THE Asian Wall Street Journal challenged before the High Court yesterday a government order which cut its circulation in the Republic last year But the At-torney-General argued that the action should not be reviewed by the court. Scheduled for
    421 words
  • 390 20 TWELVE people appeared before the 13-member Parliamentary Select Committee between March 7 and 10 this year. The 12 were selected as constituting a "representative cross-section of the submissions received" by the committee earlier. All in, the committee received 99 written representations
    390 words
  • 79 20 Reuter COMEX silver futures softened on light selling by local traders early yesterday following steadiness spurred by bulk buying by a major Chicago-based fund trader. July silver was off 3.0 cents at US$6 615 an ounce. Analysts said C and D Com- modifies was a featured buyer of
    Reuter  -  79 words
  • LATE FILE
    • 28 20 UPI VIETNAM, suffering from food shortages, has dropped from the Cabinet three vice-prime ministers with responsibilities for food, agriculture, and foreign economic relations.
      UPI  -  28 words
    • 46 20 Reuter TAIWAN s Parliament yesterday approved a Finance Ministry proposal to remove the 5 per cent sales tax on gold trading from July 1. Many dealers in Taipei described it as a step towards rising imports of the precious metal.
      Reuter  -  46 words
    • 57 20 AFP AT LEAST three more people were killed in an intense firefight which erupted at the Golden Temple in Amritsar on the third straight day of clashes yesterday between Sikh militants and security forces. Indian police said. Sikh militants have prevented a team of
      AFP  -  57 words
    • 38 20 Reuter THE BANGLADESHI government yesterday introduced a bill in Parliament seeking to make Islam the state religion. Prime Minister Maudood Ahmed said there would a full-scale debate on it at a later stage. Reuter
      Reuter  -  38 words
    • 46 20 UPI JAPANESE police yesterday searched the Prime Minister's Office and arrested a former chief accountant at the department suspected of taking up to U*****,000 in bribes, in the first such case involving the Prime Minister's Office in post-war Japanese history. UPI
      UPI  -  46 words
    • 41 20 Reuter HONGKONG, facing a steady flow of emigrants ahead of its return to Chinese sovereignty in 1997, will have a new magazine aimed specifically at those wishing to leave The magazine is expected to appear in August.
      Reuter  -  41 words
    • 58 20 UPI AIRLINES are going to use the European Currency Unit (ECU) in settling accounts because of too many fluctuations in the US dollar and British pound, the International Air Transport Association said yesterday. It said its clearing house would begin using the ECU later
      UPI  -  58 words
  • Page 20 Advertisements
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    • 66 20 K mm Easily collapsible back seat for maximum loading space S'JBAfljj Viki 700 c.c. She's zippy, stylish, roomy and economical too. Call 473 0333 for a test drive/demonstration. Company 3 Door $33,700 Private 3 Door $29.500 (ARF) Re B' n 5 Door $34,700 Re B' n 5 Door $30,500 (ARF)
      66 words

  • SHIPPING TIMES
    • 418 21  -  By JUNE LIM KOREA SHIPPING Corporation has decided to quit the Far Eastern Freight Conference in order to mount an independent service next year. Initially the South Korean carrier will provide a 10-day service with six ships four newbuildings and two existing vessels.
      418 words
    • 234 21  -  From KINGSLEY WOOD WEST AUSTRALIAN Transport Minister Bob Pearce is having a fresh look at the old idea of building Fremantle into a major container gateway with the trans-continental railway being used as a land bridge to and from the eastern states
      234 words
    • PORTSIDES
      • 81 21 Reuter TNT of Australia has agreed to acquire a 24m high-speed catamaran from Gladding-Hearn Shipbuilding for commuter and excursion use in New York Harbour. It said the vessel should be delivered and placed in service between Feb 15 and March 1. Terms were not disclosed.
        Reuter  -  81 words
      • 111 21 SOUTH KOREA'S shipbuilding orders decreased over 40 per cent so far this year from the same period in 1987 because of a rapid appreciation in the country s currency, industry officials said. Orders received so far consist of 626,300 gross tons of export ships and
        111 words
      • 104 21 CROSS-CHANNEL ferry bosses have slammed the door on striking British seamen who had appealed to the firm to get round the negotiating table to use "one last chance" to end the 14-week-old dispute. The P&O company, whose attempt to cut jobs and change working
        104 words
      • 158 21 THE PORT of London's Tilbury division is investing £1.3 million to increase container handling capacity at the Port of Tilbury. About 2.4 hectares of berth will be paved and an additional straddle carrier purchased together with ancilliary work. The PLA newsletter said the development
        158 words
    • 163 22 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia. Straits/Japan and the member lines ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 126 22 Reuter THE EUROPEAN Community said it had started legal proceedings against state aid for shipbuilders in West Germany and the Netherlands It said in a statement that West German and Dutch state aid for the builders of fishing vessels for an
      Reuter  -  126 words
    • 531 22 Reuter THAI PRIME MINISTER Prem Tinsulanonda ordered urgent action to tackle chaos at Bangkok Port following a decision in February to give a local company sole rights to handle containers, a government spokesman said. Government spokesman Mechai Viravaidhya said that officials from
      Reuter  -  531 words
    • 185 22 AFP A FILIPINO seaman died in Shanghai following a quarrel, shooting incident and engineroom fire aboard his ship, the New China News Agency (NCNA) reported. Rodrigo Neduia, 52. chief engineer on the unidentified Panamanian oil tanker, was declared dead in hospital after police found
      AFP  -  185 words
    • 207 22 May 17-18 The remote sensing of oil slicks, symposium, Institute of Petroleum, 61 New Cavendish St, London Wl. May 18-20 IMAS 88 the 3rd International Maritime and Shipping Conference "The Design and Development of Passenger Ships". Organised and sponsored by the Institute of Marine Engineers, 76 Mark Lane.
      207 words
    • 300 22 AFP IRATE truck drivers blockading Calais, France's main Channel port, in protest against delays caused by the 14-week-old British seamen's strike, have vowed to "starve England.'' The truckers' spokesman. Michel Bernard, said they had decided at a meeting to continue the blockade,
      AFP  -  300 words
    • 813 22 AB Shpg V 5 ABC Contoiner IX Accord Shpg VI 3 Africo Ocean X 2 Alltrans VII 3 American Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2 3 ANl 1 1 2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI
      813 words
    • 406 23 Lloyd s List TAIWAN and China may join forces in the next couple of years for a powerful new intervention in the faltering ship demolition market, industry sources believe The hitherto unthinkable combination is being considered as a thaw proceeds in the
      Lloyd s List  -  406 words
    • 208 23 Reuter CARGO VOLUME in the Port of Amsterdam in the first three months of 1988 fell by 15.6 per cent to 6.5 million tonnes in the same period last year. Municipal Harbour Company figures show. Dry bulk goods declined 13.5 per cent to
      Reuter  -  208 words
    • 60 23 AP DEBRIS is being removed from the damaged Greek bulk carrier Pontokratis in preparation for towing the vessel, Lloyds Shipping Intelligence said. The 29.198dwt Pontokratis was damaged on Monday when a section of the Baltimore and Ohio railroad bridge over the Calumet River
      AP  -  60 words
    • 396 23 FT PRESHIPMENT inspection, the contentious use by developing countries of specialised companies to check the price and quality of goods before they are despatched by exporters, has been put on the agenda of Gatt's Uruguay round. US and European exporters complain that the
      FT  -  396 words
    • 285 23 ALL SURVEYS were conducted on April 25 Algeria Algiers Waiting time of up to two days Argentina Buenos Aires Normal operation. Bahia Blanca Waiting time of up to four days. Australia All ports Normal operation. Bangladesh Chittagong 20 vessels operating Brazil Salvador and Santos Normal operation Cameroon Douala
      285 words
    • 162 23 Reuter REDUNDANT shipyard workers fought with police. built barricades and cut railway lines along Spain's northern coast on Tuesday to demand jobs and protest against the streamlining of the industry. Spanish police said. In Gijon, two firemen suffered burns as they tried to
      Reuter  -  162 words
    • 8358 28 QQBBIjXDIIB 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
      8,358 words
    • 125 28 Area/Port Viscosity CST at 50C Density G/ML at 15C Water Voluma>0/0 Africa/Red Sea Jeddah Durbar Arabian Gulf 114/226 119/183 0.948/0.979 0.987/0.991 0.0/1.4 0.1/0.6Ras Tanura Bahrain Europe 164/239 187/396 0.950/0.974 0.958/0.977 0.0/0.9 0.1/2.7;;;' Rotterdam Hamburg Le Havre Genoa Far East 27/478 29/339 27/353 40/322 0.944/1.011 0.942/0.990 0.927/0.988
      125 words
    • 1580 29 AT CONVENTIONAL WHARVES Vessel KEPPEL WHARVES A VA Co*v Do fe'tng Bov Koto W »ovo l«i* Pe*o' «9 3 la t<OK3 N oga 22 Q.nghecH«rg Hock C*e *090 Mo'0 Th.fo Iko'O* Vemo Hokfc.n Moru K'is M©<e»o I V>ee* tc%« lo**e Sc*»«ei Tro»n Ho» PASIR PANJANG Wo'wo' 1
      1,580 words
    • 1470 30 MONDAY s active chartering o( Argentinian grain was less evident on the London shipping freights market on Tuesday with only one fresh grain fixture in South America That order was for a 30.000-ton cargo of maize from the River Plate and Escobar to Lisbon at USS23 75 a
      1,470 words
  • Page 21 Advertisements
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      802 words
    • 82 21 mm THAI PRIME MINISTER Prem Tinsulanonda ordered urgent action to tackle chaos at Bangkok Port following a decision in February to give a local company sole rights to handle containers, a government spokesman said. Page II TAIWAN and China may join forces in the next couple of years for a
      82 words
    • 521 21 r<;£ THE SPECIALIST IN WIRE ROPE SLINGS LASHING 'ATERIALS TESTING FACILITIES AVAILABLE r.r'i,' a EE I MAERSK LINE FAST TRANSIT FROM UNITED KINGDOM FELIXSTOWE/SIN XX DAYS GRANGEMOUTH/SIN 23 DAYS To Europe—UK Scandinavia Finland M MonOC M Mondo M Mondo M Mondo M Mondo To Mediterranean M ROTTERDAM ANDERS M M
      521 words

  • Page 22 Advertisements
    • 559 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT BENAVON KAGA OSAKA BAY LIVERPOOL BAY LARGS BAY HONG KONG EXPRESS CARDIGAN BAY P KELANG SOUTHAMPTON 16/5 ROTTERDAM/ ANTWERP HAMBURG BREMERHAVEN ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN, COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM, CARIBBEAN S. AMERICA CONTAINER SERVICE FROM
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    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
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    • 461 22 AmTransAMERICAN TRANSPORT LINES, INC U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO TEXAS RAINBOW VI STAR MAGNATE VI FJFZiraia liMmMrgarraal BY FEEDER VESSEL ACCEPTINC CARGO TO ATLANTA. SAVANNAH. BALTIMORE, MIAMI. TAMPA. OTHER U.S EAST COAST PORTS ON REOUEST ALSO ACCEPTINC CARGO TO CENTRAL/SOUTH AMERICA: CRISTOBAL, PUERTO CABELLO. SANTOS. RIO GRANDE. PARANACUA RIO
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  • Page 23 Advertisements
    • 1121 23 £2 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT:^ Also Accepting Cargo For: Hamburg to CoptnlUfWi. Ajrhus. CotlMnburg. Malmo. Stockholm. HaHinfci, Sondtrburg Rotterdam to AitMfp. Aimtardam Oslo. Ba»l«. Zufich BrMttnhavan to Bromn Southampton to all UK destinations Belfast and Dublin (CONTAINERSHIP SERVICE*FROM UK/CONTINENT:
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    • 427 23 EUROPE ACCEPTIHt CAR6O TO FROM HAM ME OTHEH UK PORTS OH R[QU£S T USA/PANAMA nnrnPn General Agent: ACCEPTING CARGO TO FROM SFO LAX CNL MIA. SAV TAM. NYC ARO lAI ADO NFK OTHER PORTS OH REQUEST TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER NUPTSE V 126 P. JEFFERSON 147 P
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  • Page 24 Advertisements
    • 331 24 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN TAKHTI IRAN VAHOAT IRANIAN SERVICE Loading for BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNG/S. PACIFIC SERVICE Singapore Loading for: A VESSEL 30/5 LAE, PMB. RBL. HRA MICRONESIA SERVICE OCEANIA EXPRESS V-14 22/5 YOKO ASIAN LILY V-42 29/6 LOAD FOR
      331 words
    • 628 24 JSSline ffNfi Co»*9»ATf* i FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ T A Member of the Ace Comorthm NEPTUNE CRYSTAL 45W CHINA CONTAINER 45W HONGKONG CONTAINER 55 KOREAN JACEWON 63W KOREAN JACEJIN 14* QUEEN S WAY BRIDGE 3W KOREAN JACEWON 43E QUEEN S WAY BRIDGE 2E SEVEN SEAS BRIOCE 65E
      628 words
    • 292 24 FREIGHT LINKS EXPR PTE DIRECT SERVICE TO LE HARVE: SAILING 23/5 EURO-AFRICA SERVICES FOR: PORTO. L.'SBON. ORAN. BILBAO MADRID. MALAGA. MELILLA. TANGER. TENERIFE. LASPALMAS. TUNIS. VALLETTA. IRUN, CEUTA, ALGIER ISTANBUL U.S.A. SIN ILBH NYC ALSO ACCEPTING TO 10'6 6/7 22/7 CHICAGO. BOSTON. JAV. PHIL. SAV 21 5 16 6 2/7
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    • 1178 24 ii.vifca, inursaay, may iz, i»oo EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) |I||[|3£as i I J 3F S 5 1 SJJ££««££ e i I ALSO ACCEPTING CARGO Tff PROVIDENCE KWM SAVANNAH BOSTON PHILADELPHIA. NORFOLK JACKSONVILLE WILMINGTON. BERMUDA ETC LU--2) ATLANTA CHICACO DETROIT COLUMBUS t OTHER MAJOR NiCROBRIDGE DESTINATIONS J)
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  • Page 25 Advertisements
    • 860 25 PACIFIC INTERNATIONAL LINES W\ pil Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL SEA HAWK KOTA EAGLE SEA HAWK SEA DRAGON VESSEL SEA FORTUNE INTEGRA SEA FORTUNE INTEGRA BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE RED SEA/EAST
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    • 490 25 la BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM B HAVEN R DAM HAVRE STON KiUno Maru Sj«d Sailed Sailed Sailed &11M City of Edinturgn SIIM Sailed Sailed Sailed Sailed Larg» Bey Sailed Sailed Sailed Sailed Sailed Honftonf Eiprets Sailed Saned Sailed Sailed Kemakun
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    • 612 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE BILBAO ANTWERP RDAM/ADAM BREMEN OCEAN PRIMA/10WB UNISIERRA/CP29/W8 PALEMBANG/9WB MATARAM 21WB Subject to Inducement Also accepting cargo to Casablanca, P<* Said, Port Alexandria, Genoa. Trieste. ALSO
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    • 464 25 BOUSTEAD SHIPPING AGENCIES in NORTHBOUND TO UKC TAUSALA SAMOA VI2N MORAYBANK VSN CLYDEBANK V23N SPORE RDAM HULL I EXPRESS TO PAPUA NEW GUINEA 1 BEECO ASIA V3S Spore 16/5 (CALLING ALOTAU, HONIARA KIETA DIRECT) > CORALBANK V3S Spore 6/6 (PNG ports: PORT MORESBY/RABAUL/LAE/MADANG) T/S: ALOTAU, OROBAY. WEWAK, KAVIENG. KIETA. KIMBE
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  • Page 26 Advertisements
    • 972 26 Kline 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 N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL KOREAN JACEJIN SEVEN SEAS BRIDGE KOREAN CHANCE ACE CONCORD N. AMERICA PACIFIC NORTH-WEST MOTHER VESSEL VERRAZANO BRIDGE NEW
      972 words
    • 847 26 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore P. Ketone Penane L ORIENT SUCCESS V 107 16 Ma. SO MANIPUR V 37H IS Mat TIGER BA* V 36 19 Ma, INDIAN COURIER V SON 24 Ma. AGIOS ANDREAS V C I 24 Ma, ORIENT SUCCESS V 108 2 June S
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    • 751 26 Tsri GOLDEN LINE 'g o\ guan guan shipping (pre) ito 23. Talok Ayer Street SINGAPORE 0104 TEL 5343W (10 LINES) Fai *****4 STRAITS/PERSIAN GULF SERVICE: Spore PKeiang Penang GOLDEN BEAR Colombo Karach. Du&a. 20/21 May GOLDEN HARVEST Cokxrbo Ka-ach, DuDa. 8/9 June CHINA SERVICE DAI YUN SHAN Dalian In Port
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    • 560 26 PHIU-OM€NT LIN€S PTC LTD HEAD OFFICE 63 ROUNSON ROAD 07-1? AFRO ASIA BUILDING. SINGAPORE 010S TELE* RS ***** PHILI FAX *****76 NEW GENLORD EAST/FAR EAST FCI ft LCI SStVICf ETA SINGAPORE DESTINATION DUBAI DAMMAN. KUWAIT. BOMBAT. DOHA MUSCAT BAHRAIN ABU DHABI t SHARJAH JEDOAH HODEIDAH AQABA COLOMBO KARACHI. BOMBAY CHITTAGONG
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  • Page 27 Advertisements
    • 867 27 NEPTUNE AGENCIES PTE LTD. FE EU/AUST TP A/SEA NEPTUNE ORIENT LINES LTD General Enquiries: Tel: *****77 Tel No Terminal CFS BOOKINGS *****22 *****53 P Kelang NEPLINE SON BHD 3UM7 K Lumpur NEPLINE SON. BHD. 2t1«33 p*fung nepline SON BHD umamTmiunuivmi J.B<hr u NEPLINE SDN BHD 23»«/2»Mi FAR EAST/EUROPE FUUY CONTAINERISED
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    • 453 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P. KELANG, PENANG, BUSAN, INCHON STRAITS/KOREA SERVICE Vessel s Name ETO BS BKK S PORE PKELANG M Enterprise 806N 26/0* 09/05 14 17/05 17 11/05 1 No 9 Donam 803N 30/04 16/05 19-21/05 22 23/05 No 8 Donam 804N 09/05 22/05
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    • 801 27 rdgc vti 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 ***** PENANG P KELANG MESSRS HAI THONG SNIPPING W Pewg Street. Peiang. Malaysia Cables tAYAPOH PENANG.
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  • Page 28 Advertisements
    • 313 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Uws. FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE E. THAELMANN 4/tt RUHLAND 4/88 WILHELM PIECK 4 "VIA COLOMBO Accepting cargo for INDIA Bomoay. Cochin, Madras
      313 words
  • Page 28 Miscellaneous
    • 166 28 I Regional Weather m v\ '4 cx I 'A '•V. If SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. *c cT w Wmd direction with speed m knots LEGEND R Thunderstorm •<- X\ W Shower Weather -V Wmd <Vecton with speed m knots Rom Cloudy Sky WoV h
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  • Page 29 Advertisements
    • 917 29 j&FARCO SHIPPING CO¥PAHY(PTE)LTD. N0.15 Hoe Chiang Road #13-02 Sanford Building, Singapore 0208 .Tel: *****22 Tlx: ***** FASCO ABC CONTAINERLINE N.V. TO AUSTRALIA/NEW ZEALAND VSI Elian Mudij 201 Bruucl 203 Antwcrpefl 204 C. VaroliM 205 Als« accepting cargo to AUSTRALIA —Adelaide. Brisbane NEW ZEALAND —Wellington. Napier. Christchurch TO USA/CANADA VSI Etf*n
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    • 181 29 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. nE IRAQI LINE 1/ IN AO ST«TI fBTfUPIIISE f0« ■tRITIMI TMIIJPO«T WEST BOUND SERVICE ETA S PORE LOADING FOR MV RORO AL ZAHRAA 12,'S Hodetdah Jeddah Aqaba MV RORO BALQEES 14 S Hodetdah Jeddjh Aqaba MV BABYLON 27'S Hodeidah Jeddah Aqaba THROUGH B/Is to
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  • Page 30 Advertisements
    • 347 30 I/f Hai Sun Hup Co (Pte) Ltd n 1 TEL *****06 (20 Lines) TLX RS ***** &RS ***** \Lfc I \s| K\ C \K I l\l K. III) IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PL REU DBN CT TIMOR ISLAND W Sid M
      347 words
    • 405 30 cgm: FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GU IF/CAN ADA/MEXICO AND FRENCH WEST INDIES AND FRENCH WES For: Halifax, Montreal. Toronto, New York, Baltimore. Portsmouth, Norfolk. Savannah. UISO serving GULF-Maim. Mobile, New Orleans, Houston/Mei ico Vera Cruz. Mexico City FRENCH W. Indies Port De France, Pointre
      405 words
    • 129 30 ULTIMATE FREIGHT SERVICES PTE LTD To»: *****11 Tlx: ***** Fax: Weekly LCL ecceptan AUSTRALIA all ports NZ all ports HK incklf CI BANGKOK in** u EUROPE all majot USA CANADA all ports inddf China incWg Laos all major ports Soattfo, Portland, LA, SPO ft major ports Edmonton, Calfary, Wtnmpog, Toronto,
      129 words
    • 774 30 m CALL US ATP. KELANG PENANG J. BAHRU P. GUOANG SINGAPORE K. LUMPUR *****53/*****11 •04-*****2/4. *****3 •07-*****8 •07-*****3, *****5, *****0. *****1 •02-*****22 *****88 .WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE I PENANCI P KELANG 14 OS I.bu.am m I 02OS 04K I 8 sum* OTHER DESTINATIONS: AARHUS AMSTERDAM. ANTWERP BASIF
      774 words