The Business Times, 17 May 1988

Total Pages: 24
1 24 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, MAY 17, 1988 75 CENTS
    11 words
  • 268 1 AP Dow Jones higher WALL STREET STOCKS opened slightly higher yesterday morning in light trading, helped by some optimism that US interest rates have peaked for the immediate future. The Dow Jones Average rose nearly seven points in the first half hour, but the gain had shrunk
    AP  -  268 words
  • 179 1 A FIRMER closing on Wall Street last week led to higher prices in regional stock markets yesterday. Trading was quiet in Singapore ahead of today s public holiday. The Straits Times Industrial Index edged up 0.48 point to 970.66, while the BT
    179 words
  • 162 1 THE POUND opened at a 22month high against the German mark in London yesterday on strong buying support. It opened at 3.1825 marks, against Friday's close of 3.1805. Dealers said its rise was aided by perceptions of official disagreement over British exchange rate policy. The
    162 words
  • 311 1  -  By DEXTER LEE SINGAPORE'S gold bullion market was given a boost yesterday, when the London Bullion Market Association announced that Degussa (Pte) Ltd had been placed on the association's list of "Acceptable Melters and Assayers". With this recognition, Degussa can now produce 400
    311 words
  • 629 1  -  Semi-detached houses a distant By JEFFREY TSANG BUNGALOWS are leading the recovery in the private residential property market. By the end of last year's third quarter, the National Development Ministry's property price index (PPI) for bungalows reached a record high of 132 points. This was revealed
    Source: Construction & Real Estate Statistics Quartely  -  629 words
  • 143 1 AFP PLANS FOR a ship to accommodate business offices have been unveiled to solve a shortage of office space in Tokyo caused by skyrocketing real estate prices, a newspaper said yesterday. The project calls for the construction of a 35.000-ton vessel to be
    AFP  -  143 words
  • 341 1  -  By TONG SUIT CHEE AN EARLIER TREND which seemed to suggest that private developers were becoming a bigger force in the construction industry has proved short-lived. Figures for the first three months of this year sho*pd again that most of the construction contracts
    341 words
  • Page 1 Advertisements
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    • 376 1 A less effective OECD THE ORGANISATION for Economic Cooperation and Development is handicapped in a number of ways these days. Because absent from OECD deliberations and looming on the horizon as trade competitors are new key players. These include the Asian newly industrialising countries of Singapore, Hongkong, South Korea and
      376 words
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      299 words

  • HOME NEWS
    • 282 2  -  By TAN KEE WEE A JAPANESE manufacturer of bank vault doors and safe deposit boxes. Kumahira Safe Company, is investing $9 million worth of plant equipment in Singapore. This was disclosed yesterday by the company's president, Hajime Kumahira. Managing director Eiji Moriya said that
      282 words
    • 340 2  -  By BOEY KIT YIN AN AGGRESSIVE marketing programme has been mapped out by the Trade Development Board to help local companies offering industrial products and subcontracting services break into the tight Japanese market. At the same time, it is seeking help and
      340 words
    • 172 2 IT IS NOT OFTEN that one comes across a meeting of theoretical and practical minds. "It is indeed invaluable and of far-reaching consequence," said Dr Richard Hu, the Minister of Finance, in an address to the Fifth Pan-Pacific Conference on Business Economic Technological Exchange yesterday.
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    • 227 2 DEFAMATORY STATEMENTS made during the 1964 election campaign have cost Seow Khee Leng, secretary-general of the Singapore United Front, more than half a million dollars. Seow was yesterday ordered by the High Court to pay $250,000 in damages to Prime Minister Lee
      227 words
    • 56 2 PHILIPPINE FOOD is being promoted by an 11-member trade mission now in town. The Philippine mission arrives today and will be leaving on Thursday. It will be holding a product display and food tasting event at the Pavilion InterContinental Hotel tomorrow. It will also hold meetings with the
      56 words
    • 18 2 MALTA and Singapore have agreed to establish diplomatic relations at ambassadorial level with effect from yesterday.
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    • 60 2 IN OUR REPORT yesterday headlined Hong Leong Finance {•cords higher, pre-tax profit, all the figures should have been in S$ and not M$ as stated. Hong Leong Finance's group anHax profit should therefofti'J? be 5527.21 million for the y*|7vnded Dec 31, 1987. All thTfrther figures should also
      60 words
    • 183 2 SINGAPORE'S tenth Qolf club, offering recreational facilities in the Jurong industrial area, has received a resounding vote of support from business executives. The Raffles Country Club received about 4,600 applications for the 1,000 memberships on offer and the club's general committee has decided to
      183 words
    • 316 2 IN A MOVE to provide more opportunities for workers to acquire new skills, the Vocational and Industrial Training 'Board (VITB) will extend the Modular Skills Training (MOST) scheme to cover more courses. The MOST scheme was introduced in 1986 to help workers to
      316 words
    • 103 2 A SEMINAR on manpower deployment will be held to examine alternatives for the labour shortage problem in Singapore. The theme of the one-day seminar is "Employee Recruitment and Retention". About 80 representatives from the retail trade, hotels, banks and manufacturing companies are expected to attend.
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  • Page 2 Advertisements
    • 159 2 QIOVANNI'S BUFFET ITALIAN STYLE. UNFORQETTABLE! 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. And all for
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  • Page 2 Miscellaneous
    • 1390 2 Singapore ••port for 24 hewn prior •o 7.30pt0 on May 16 at Boirvt Mgrodo RttoydtTiNii Now D«M Now York IHo 'Jonotro Romo San Frta'oe San Juan Sontiogo So© Pawto Seoul Sydnoy Taipai To) Aviv Tokyo Toronto Vancouvor Vlonna Wonow o*HnyTon U)€1L JuOELL TOADY "THOMPSON >4e FlR^'S »jh<e IT, vouyiE, 'He:
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  • ASIA-PACIFIC
    • 427 3 AFP THE UNITED STATES should remove its military bases in the Philippines if it cannot pay higher rent for the facilities. Foreign Secretary Raul Manglapus said in Manila yesterday. He also told a news conference that Manila was
      AFP  -  427 words
    • 240 3 Reuter ARGENTINE President Raul Alfonsin met Chinese leader Deng Xiaoping on Sunday anfj said later the two countries were ready to sign major agreements which would help cut Beijing's big trade deficit with Buenos Aires. Mr Alfonsin said he discussed China's reform policies and
      Reuter  -  240 words
    • 219 3 Reuter STRIKES at several car parts suppliers threaten to halt production at South Korea's three big vehicle makers. The stoppages could affect exports by Daewoo Motor Co Ltd, Hyundai Motor Co Ltd and Kia Motor Corp Ltd, a ministry official said. Workers demanding
      Reuter  -  219 words
    • 101 3 AFP THE Pacific Economic Cooperation Conference (PECC) is to hold its sixth general meeting in Osaka tomorrow to discuss ways to enhance economic ties among member nations. PECC organisers in Tokyo said yesterday that for the first time, the Soviet Union will send a delegation of observers
      AFP  -  101 words
    • 427 3 AFP CHINESE BUSINESS officials stationed in Hongkong are enjoying a capitalist life-style that could raise a few eyebrows among the Communist leadership in Beijing, businessmen in the British colony said. Tsui Sze-man, a Hongkong delegate to a Chinese state advisory body, the
      AFP  -  427 words
    • 544 3 Country heavily dependent on Moscow AFP AS SOVIET troops begin pulling out of Afghanistan on Sunday, they leave behind a moribund economy which in nearly a decade of war has been almost totally dependent on Moscow, according to analysts. Afghanistan
      AFP  -  544 words
    • 189 3 Reuter CHINA yesterday welcomed first moves by Soviet forces in Afghanistan to return home but at the same time pressed Moscow to stop supporting Vietnam's occupation of Kampuchea. "With the Soviet withdrawal from Afghanistan, the international community will logically focus its attention on
      Reuter  -  189 words
  • Page 3 Advertisements
    • 51 3 GIVENCHY GENTLEMAN PARIS zIYFNi 7H\ 3 ->y V K v "m SINGAPORE: GIVENCHY BOUTIQUE: #01-10 MANDARIN SHOPPING ARCADE, MANDARIN HOTEL, ORCHARD ROAD, SINGAPORE 0923. TEL: *****48. CORNERS: METRO GRAND AT LUCKY PLAZA, METRO ORCHARD, METRO MARINA SQUARE. SINGAPORE DAIMARU, GALERIES LAFAYETTE. KUALA LUMPUR: CORNER: METROJAYA AT BUKIT BINTANG PLAZA. Jill—
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  • Page 4 Advertisements
    • 360 4 As corporations have expanded their operations globally, the greater the range and complexity of their financial needs have become. So much so that only a handful of financial institutions can now offer anything like the full range of services that are required. Global finance is moving in Fewer still are
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  • REST OF THE WORLD
    • 402 5 NYT THE SOVIET UNION gets high marks as a trading partner, in a survey of US companies that do business with that country. Although the companies said selling to the Soviets requires a greater marketing effort than with other customers, more than
      NYT  -  402 words
    • 354 5 Reuter PRESIDENT RONALD REAGAN will list a number of objections when he issues his long-threat-ened veto of the trade bill recently passed by Congress, US Treasury Secretary James Baker said in Washington on Sunday. In a television interview, Mr Baker also voiced
      Reuter  -  354 words
    • 1028 5 ARRIVALS Operator Service Local From number time GU GA892 0015 CGK SIA SQ1I 0040 LAX/NRT UA UA805 0045 SFO/HKG CAL CI 341 0155 TPE NCA KZ205 0215 NRT UL UL455 0255 NRT FT FT75 0256 ATL/DFW/ORD ANC/NRT JAL JL617 0340 TYO CAL CI333 0405 TPE MAS MH603
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    • 217 5 NYT THE GATHERING of steel company executives in Washington today for the annual conference of the American Iron and Steel Institute promises to serve as the beginning of an intensive lobbying effort to extend import protection measures. Steel import quotas, which are designed
      NYT  -  217 words
    • 214 5 Reuter FRONT-RUNNING Democratic presidential candidate Michael Dukakis met face to face on Sunday his rival. Rev Jesse Jackson, who criticised the Massachusetts governor last week for being too bland. The two talked for about half an hour in a room at Seton Hall
      Reuter  -  214 words
    • 100 5 Reuter US HOUSE of Representatives Speaker Jim Wright said on Sunday he hoped Democratic presidential front-runner Michael Dukakis would choose Texas Senator Lloyd Bentsen as his running mate. Mr Wright, a congressman from Texas, was asked in a television interview if he hoped Mr
      Reuter  -  100 words
    • 123 5 Reuter THE British government does not expect to issue a joint public statement on a perceived rift between Chancellor of the Exchequer Nigel Lawson and Prime Minister Margaret Thatcher over exchange rate policy, officials said. "As far as we are concerned, there is no
      Reuter  -  123 words
    • 128 5 Reuter YUGOSLAVIA got a new state President, 61-year-old former vice-president and foreign minister Raif Dizdarevic, on Sunday under the country's system of annual rotation of the post. Stane Dolanc, 63. who fought with Josip Broz Tito's partisans in World War Two and became a close aide
      Reuter  -  128 words
    • 146 5 AFP WORLD ECONOMIC GROWTH is expected to slow down within the next six to 12 months, despite the current good economic climate, according to a study released in Munich on Sunday by IFO, the West German economic forecasting institute. Some 350 top
      AFP  -  146 words
    • 512 5 Reuter INDUSTRIALISED NATIONS, increasingly concerned about global economic imbalances, are meeting in Paris this week to try and prevent a sharp slowdown in world growth. Finance and economy ministers of the Organisation for Economic Cooperation and Development will spend two days discussing macro-economic strategies,
      Reuter  -  512 words
  • Page 5 Advertisements
    • 63 5 fI U \l I r I If Th e business person's choice, every I I II 111 I Tuesday. Thursday. Saturday and I 1 1 II \l II I Sunday. Leaving Changi Airport at I V_y I 1 JL 22:05 hours and arriving at Lester B Pfearson International Airport the
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    • 72 5 Avoiding the main matters, Page 8 Los Angeles 14 times a week. Korean Air now flies non-stop to L. A. from Seoul ten times a week. And four direct flights via Tokyo and Honolulu. No matter how often you fly there, it's nice to know you're flying with people who
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  • Page 5 Miscellaneous
    • 35 5 Doonesbury irkM&sup poseviDße ASUKPt&e. FOR OUR ASNVBRSARy. ii m s 2? I THBMtUHV IU&VfSP&ATb, IBLLMB B&yUJSe OF fUHAT IN FRONT MS6ON6ONBBOFMARK* 73MS6V YOUANPNI- coca BY GARRY TRUDEAU HOW PI D VOUKNOtUT I DIDNT. NOUJIVO. ST
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  • MONEY AND EXCHANGES
    • 257 6 ASIAN DOLLAR deposit rates closed little changed at opening levels in quiet trading with operators unwilling to take fresh positions ahead of the Hari Raya Puasa holiday, dealers said yesterday. They said the market is also awaiting the release of some US economic data, including today's March
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    • 57 6 THE OVERNIGHT rate on the Singapore interbank market fell %-point to 3% per cent yesterday. The one month rose 1/16. r S$ Interbank rates at 12 noon yesterday: OfFf* uo Ovtrnight 3 3/8 3 1/4 1 -month 3 9/16 3 7/16 2-month 3 9/16 3 7/16 3-month 3
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    • 85 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 moirttw BQ*****T 11.8.88 3.45 3.40 3.44 3.34 6 months BY*****H 22.9.88 3.55 3.50 3.52 3.52 1 y»ar BY*****Z 23.3.89 3.63 3.58 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • 196 6 Indicates the average of the prime lending rates of 12 ma|or banks In S'pore Interbank market rates (offer/bid) on May 16 7 doyt 1 mftt 3 ifMh 6 mffc 13 ffifto US$ 7 3/14—1/16 7IJ/I6—I3/I6 7 1/4—1/8 7 15/16—13/16 7 3/8 1/4 8 1/8 8 7 5/8
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    • 1619 6 SINGAPORE: The US dollar closed slightly higher in quiet trading yesterday ahead of today's release of US March trade figures, dealers said. "Attention is focused on cross trading in sterling/yen, mark/yen and sterling/mark including the unwinding of long yen/short mark cross positions," a dealer said. There was active
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    • 171 6 Gold futures on May 13 100 troy ounces. USS per troy ounce Opon High Low SoMo Moy 450.70 450.70 450.70 453.30 0.30 Jwn 433.00 454.30 450.80 453.70 +0.40 M 453.90 0.30 Aug 438.00 458 50 454 50 457JO +ato Oct 462.40 463.00 459.40 462.50 -0.10 Ok 468.00
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    • 423 6 EURODOLLAR futures opened higher yesterday from the previous close. The June contract was traded between 92.45 and 92.48 before settling 6 ticks higher at 92.46. Currency futures opened lower than Friday's close on higher US stocks and bonds prices. June D-mark was traded from the low of 5943 to
      423 words
    • 283 6 Reuter IMM CURRENCY futures finished a slow day on Friday mostly lower. Traders found little fresh direction from the 0.4 per cent gain in US April producer prices, although the 0.1 per cent rise in the index minus food and energy aided US stock and bond markets. Wariness persisted
      Reuter  -  283 words
    • 1515 6 CURRENCY FUTURES OPTIONS Monday, May 16, 1988 DCUTSCHEMARK (SIMEX) Mm Htgft 88 cm Lorn Ml Hlfh Mm 88 putt LM tea 54 CAS 55 CAS 54 CAS 58 155A 150 1 59 74A 70 231 25 60 26 24 26 728 75 61 8A 7 1548 159 62 2A
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  • Page 6 Advertisements

  • BANKING AND FINANCE
    • 694 7 Reuter THE US CREDIT markets could receive more news of strength in the economy this week, stemming the brief rally at the end of last week's quarterly Treasury refunding, economists said. Towering over all reports this week will be the March US trade deficit,
      Reuter  -  694 words
    • 888 7 NYT THE CHAIRMAN of the Federal Deposit Insurance Corp has bepn warning the US banking and savings industries that if the long-term problems of the insolvent savings and loan insurance fund are not resolved soon, the next president might come up
      NYT  -  888 words
    • 120 7 Reuter AUSTRALIA and New Zealand Banking Group Ltd is confident about the group's continued profit growth in the year ending Sep 30 after posting a 32 5 per cent rise in interim profit. ANZ lifted net profit to A 5230.24 million in the half-year ended
      Reuter  -  120 words
    • 82 7 THE Oversea-Chinese Banking Corporation will raise its oneyear fixed deposit rate by a quarter of one percentage point to 3.25 per cent tomorrow. Its other interest rates will remain the same. The move by tha local banking giant follows the recent rise in interest rates in the US,
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    • 524 7 AP THE AMERICAN Federal Reserve. which raised interest rates up a notch last week, is standing ready to tighten further if inflation shows signs of getting out of control, economists believe. The credit tightening by the nation s central bank has already prompted
      AP  -  524 words
    • 235 7 Reuter NEWLY-APPOINTED French Finance Minister Pierre Beregovoy intends to abolish the few foreign exchange controls remaining in force. He told a panel of television journalists on Sunday that he intended to couple the move with an economic policy aimed at securing a
      Reuter  -  235 words
  • COMMODITIES
    • 486 7 Bernama MALAYSIA'S crude palm oil production last month rose 9.81 per cent to an estimated 372,800 tonnes, with Peninsular Malaysia accounting for 334,000 tonnes, up 7.02 per cent while that of Sabah and Sarawak rose 41.54 per cent to 38,800 tonnes. The Malaysian
      Bernama  -  486 words
    • 117 7 Reuter WORLD OIL PRICES may not strengthen as fast as many think in the next decade and could remain low and unstable until the mid--*****, the managing director of the Royal Dutch Shell Group said. Speaking to an oil and gas symposium sponsored by
      Reuter  -  117 words
    • 237 7 Reuter FIVE COMPANIES conducting exploration and gold mining in Indonesia will start production this year. Director General for Mining Sutaryo Sigit has said Mr Sigit said that three of the companies would produce 2.5 tonnes of gold while the other two had submitted feasibility studies
      Reuter  -  237 words
    • 104 7 CRUDE and product prices moved modestly after the Iraqi attack on an Iranian loading terminal. The rise was as limited as the damage to Iran's ability to export its crude. Closing prices for crude (FOB origin) USS/barrol Otang* Topis (Mar) 17 00 Midi Mioot (May) 16 28
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    • 368 7 HONGKONG: The metal closed higher in active trading yesterday, mainly on buying by local and Mideast investors in the afternoon session, dealers said. Gold ended at U*****.60/454.00 an ounce against an initial $452.10/60 and compared with Saturday's close here of $451.40/90. On the local market, gold rose $19
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    • 90 7 Reuter TOKYO All rubber futures yesterday closed the five yen per kg daily limit up on heavy buying by all sectors, except for unrestricted spot May. which gained 6.3. Strong industry demand, especially from the Far East, pushed prices higher from the opening sessions, dealers said. Individual speculators actively
      Reuter  -  90 words
    • 202 7 Chinese Produce Exchange Sellers' noon doting prices on May 16 (SS/100 kg) Coconut oil Bulk FOB 107.00 Otd drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 62 teller Pepper A in. t _nli "wiiw* wniTt FOB NIW 1130.00 Sarawak whit* FOB foq NLW 1115.00 Sarawak special
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    • 188 7 Reuter THE Kuala Lumpur Tin Market closed unchanged yesterday at M 517.43 a kg in fairly moderate trading ahead of the Harl Raya holiday, dealers said. Week-end accumulation and some pre-holiday sales saw turnover rise to 100 tonnes from 91 on Friday. Both sellers and buyers deckled to
      Reuter  -  188 words
    • 244 7 Reuter Malaysian crude palm oil futures closed higher yesterday. July was up $12 at M 5932, June nine at 950 and August six at 922. Turnover was 490 lots, against Friday's 690 The market is now closed and will reopen on May 20 Crude palm oil prices closed
      Reuter  -  244 words

  • PERSPECTIVE
    • 577 8 MUSLIMS the world over will be celebrating Harl Raya Aidilfitri, or Hari Raya Puasa as it is more commonly known here. They celebrate the end of a month which is regarded as possibly the holiest on the Islamic calendar. During Ramadan, Muslims not only abstain from
      577 words
  • 1287 8  -  As a venue for economic policy debate, the Organisation for Economic Cooperation and Development is handicapped because some of the key players Asian dragons Singapore, Hongkong, South Korea and Taiwan are absent. CARL GEWIRTZ discusses the issues coming up at tomorrow's OECD meeting. CARL GEWIRTZ IHT
    IHT  -  1,287 words
  • REGIONAL VIEWPOINTS
    • 258 8 Our weekly summary of what other publications have to say about issues of regional interest, THE PHILIPPINES "THE BASIC IDEA behind the so-called "mini-Marshall Plan" for the Philippines is now taking shape in Tokyo and Washington. The goal is to help secure Philippine democracy by bolstering the
      258 words
    • 205 8 MALAYSIA "IRAN HAS announced the lifting of a long-standing ban on the import and use of palm oil for edible purposes. This has been achieved after more than a decade of persistent efforts and overtures by the Malaysian government and its agencies. Several trade and technical
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    • 181 8 "THE RESURGENCE in the manufacturing sector, the dramatic turnaround in commodity prices, and the return of both business and investor confidence have contributed to the robust performance of the economy in 1987. These positive factors are still at work, creating an even more optimistic outlook for 1988
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    • 145 8 INDONESIA "IT CAN be inferred from various official pronouncements regarding the new move that the next wave of deregulation steps will aim at further improving the efficiency in the mobilisation of private savings through the banking industry and the money and capital markets. Businessmen have long been complaining
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    • 211 8 "AS OF June 1988, Indonesian law will firmly deal with persons who engage in acts of piracy against sound recordings produced by the European Community (EC) artistes. Two weeks ago, Indonesia signed an agreement to that effect with the EC in what many observers here see as
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    • 235 8 HONGKONG "SEVERAL private-sector organisations in Hongkong have taken the initiative by sponsoring a Stanford Research Institute (SRI) study into the so-called "brain drain" problem and other difficulties facing the territory. The $3 million study by one of the world's best known research firms may provide some
      235 words
    • 136 8 THAILAND "THE GOVERNMENT has often said it wants to see "good and capable people" run for election in order to promote democracy. But the recent announcement by the interior ministry that it will reserve the rank and position of police officers and other government officials who resign
      136 words
    • 200 8 "ECONOMICALLY, the EC is Asean s third largest trading partner, at US$2O billion per year, and the second largest provider of aid, at US$6l6 million in 1986. Of great importance is the fact that the trade is not a lopsided exchange in which Europe takes Aseans agricultural
      200 words
    • 195 8 "IT IS SAD but true that many wealthy and influential personalities are successful in politics even though they have done little for the common good. They have the money and experienced personnel to ensure their victory in an election. Many of them could get elected even in
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    • 170 8 TAIWAN "HAVING GRANTED political asylum to the two hijackers of a passenger airliner over China, authorities in Taiwan must now prosecute them. Instead of being treated as heroes for holding 116 people hostage on the Civil Administration of China (CAAC) jet as it was diverted to Taiwan,
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  • Page 8 Miscellaneous
    • 627 8 CRYPTIC PUZZLE ACROSS 1 Appeal quietly for a bit of guidance (5) 6 Journeys taken addictively? (5) 9 Whence, in Canada, a chap goes to California (7) 10 Friendship, it seems, is a bit of a calamity (5) 11 New grade, nominally (5) 12 Jack may get this to fold
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  • SPORTS & LEISURE
    • 509 9 AP DON'T MESS with Bruce Lietzke in play-offs. Clarence Rose did, and he discovered what Gene Littler, Ray Floyd, Tom Watson and Andy Bean already knew. Lietzke is poison when the heat is on. By sinking a 20-foot birdie putt
      AP  -  509 words
    • 237 9 AP SOUTH AFRICAN-born track star Zola Budd, who returned to her homeland last week after suffering nervous exhaustion and facing a world-wide ban, believed that if she were black, her career never would have attracted so much controversy. According to her Coach, John Bryant, the 21-year-old
      AP  -  237 words
    • 1128 9  -  By DAVE RAFFO UPI AT HIS training camp in the Catskill Mountains in New York state, Michael Spinks plays the role of the obliging underdog. He talks like a man who knows many people expect him to get his brains rattled on June 27 against
      UPI  -  1,128 words
    • 385 9 AP DEFENDING CHAMPION Los Angeles Lakers went into last Sunday's NBA play-off game against the Utah Jazz with renewed respect for its opponent and, in the second half, some concern. The Lakers came out of it with a 113-100 victory,
      AP  -  385 words
    • 409 9 Reuter IVAN LENDL won the Italian Open in Rome last Sunday, but it was a joyless victory, marred for him by the constant distraction of a restless crowd and by his own erratic form. Lendl took almost four and a half hours to
      Reuter  -  409 words
    • 529 9  -  Top tennis official embarking on fact-finding tour By WALTON MORAIS WHEN he leaves on a sevennation European trip later this month. Tan Poh Seng will be hoping to study how foreign national tennis associations run Open tournaments on a profitmaking basis with a
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    • 155 9 Reuter SIMON POIDEVIN, Australia's most capped rugby union player, announced his retirement yesterday just days after he was dropped from the Wallabies side and reinstated in controversial circumstances. The flanker told a news conference in Sydney that he would consider touring South Africa later this
      Reuter  -  155 words
    • 434 9 AP ALAIN PROST passed the famous Monte Carlo Casino a number of times last Sunday but didn't gamble or take a chance. The pay-off came later for the Frenchman and the winning numbers were 4, 30 and 430.5. Prost. with the risk-free driving that
      AP  -  434 words
  • Page 9 Miscellaneous
    • 76 9 'V k m v ■< SLICE SHOTS ARE OFTEN THE RESULT OF > WR0W6 ALIGNMENT OF THE UPPER EODY THE SHOULDERS SHOULD EE SQUARE' c TO THE TARGET... J ...HAVE THE > FEELING OF LOOKING OVER YOUR LEFT SHOULDER l WHEN YOU AIM AT THE V TARGET way &JL ay
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  • INTERNATIONAL COMPANY NEWS
    • 454 10 NYT NEIL M SHAW, chairman of Tate Lyle PLC, the large British sugar refiner that successfully reached an agreement last Friday to buy Staley Continental Inc. said he intends to begin talks quickly to sell Staley's food services division,
      NYT  -  454 words
    • 108 10 AP UNITEO Rubber Workers union members at Firestone Inc plants and offices in six American states went on strike on Sunday after negotiators failed to reach a tentative agreement on a contract settlement. URW president Milan Stone said: "They did not meet the pattern settlement
      AP  -  108 words
    • 198 10 UPI A GROUP of 16 foreign and six Japanese firms received certificates yesterday to do brokerage business on the Tokyo Stock Exchange, starting next week. The new foreign members include six American, four British brokerage houses and two each from Switzerland, France
      UPI  -  198 words
    • 121 10 HONGKONG Hongkong Index Monday '.477 21 Friday 1.673 45 Week 090 1.708 58 All Industrials Monday 2.309 9 Friday 2.2735 Week ago 2.2652 Hong Seng Index Monday 2.***** Friday 2.532*3 Week ogo 2.564 03 NEW YORK Dow Jones Friday 1.990 55 Thursday 1.***** Week ogo 2.007 46 TOKYO
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  • Page 10 Advertisements
    • 1030 10 4 cou Ryoisi ER XO-Whore 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
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    • 135 10 Fmich connection The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a I'Orange, Quiche Lorraine, Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Make the French connection for just ora^ j tsand (gfcgfoittt&K $15* for children. wTL, PrtCKs
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  • REGIONAL MARKETS
    • 2470 11 SHARE PRICES closed marginally higher on light buying interest on the Kuala Lumpur stock market yesterday. Trading volume, however. remained thin. Brokers said dabblers displayed confidence although the buying was selective. A broker said most of the players were still the "man-in-the-street" as institutional investors
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    • 1427 11 Hongkong HONGKONG share prices closed marginally higher yesterday but off the day's highs due to a lack of new incentives, brokers said. The Hang Seng Index ended a quiet day six points higher at 2,538.02 while the broader based Hong Kong Index rose 3.76 points to 1.877.21.
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    • 77 11 Bernama HONGKONG-BASED Hutchison Whampoa Ltd and China's Qingdao soft drinks plant have formed a joint venture to produce mineral water, the official China news service said. Hutchison unit Hutchison China Trade Holdings Ltd and its Chinese partner will invest US$4.5 million in a new mineral water plant
      Bernama  -  77 words
    • 421 11 Reuter TOKYO share prices closed at a new high yesterday due to broadly based buying spurred by relief that US interest rates had apparently stabilised and by bullishness on market fundamentals, brokers said. Concern over US March trade figures due out today did not undercut market confidence, they added.
      Reuter  -  421 words
    • 383 11 THE AUSTRALIAN share market closed on its highs yesterday with solid gains in all sectors as confidence crept back into the market. However, brokers said a lack of sellers kept turnover low. "There were few buyers around chasing an even smaller number of sellers, hence the low turnover," one
      383 words
    • 154 11 Reuter THE SECURITIES Exchange of Thailand Index rose 6.52 to 425.51 on a turnover of 4,284,256 shares worth 679.90 million baht. Reuter MAY It BAHT Ao Kham Thai 266 6 Ayudhya Invaatmant 406 *12 Bangkok Agro-lnd 141 Bangkok Bank 333 •♦•4 Bank Of Ayudhya 356 4-4 Charoong Thai Wira
      Reuter  -  154 words
    • 198 11 MAY 16 NT I 48 50 08 Kuochan Da* Laa Chang Yuan 64 50 66 50 2 -05 91 50 81 50 34 109 50 4-6 Nan Ya Pi as 89 50 468 00 89 50 -t-5% Loong Chia Hain Cement 53 50 77 00 24 80 -1.5 3.5
      198 words
    • 67 11 MAY 18 pesos 0 044 -0 00* Aco|« Mining Phil Ovarsaaa 0 033 -c oar Anglo PhH Apax Mining B Atlas Con B 0 009 0 035 23 -0 002 unch *05 Picoo B PLOT San Miguel B ISO 185 0 021 -4 -J -1 0 016 -0 002
      67 words
  • Page 11 Advertisements
    • 515 11 and entertain 4 Vr' I^l vu AJ 0 «::s. Z^ftr -Sc s ,N v Invitingly Indonesian Cate-in-the-Park cordially invites you to dinner during our Indonesian Food Promotion. Our daily Buffet Dinner will put the spice into your lite with offerings of piquant sambals, coconut-rich curries and delectable Indonesian favourites. It's
      515 words
    • 5 11 Seoul prices were not available
      5 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4747 12 THE SINGAPORE stock market started the holiday-shortened week on a steady and quiet note with the market's leading index, the Straits Times Industrial Index. moving within a narrow margin yesterday. A firmer Wall Street over the weekend and a strong performance in Tokyo yesterday bouyed
      4,747 words
  • Page 12 Advertisements

  • COMPANY NEWS
    • 158 13 VIDEO-TAPE manufacturer Electro Magnetic (S) Ltd's shares wilt begin trading tomorrow on the main board of the Stock Exchange of Singapore. Brokers said they do not .expect EMS shares to make a "spectacular debut as the current market sentiment is rather weak. They said the
      158 words
    • 416 13 YEO HIAP SENG (HK) Ltd continued to grow in sales in spite of the reduction of its interest in Hongkong-listed subsidiary Yeo Hiap Seng Enterprises (HK) Ltd last year. The Hongkong soft drink subsidiary made an 84.6 per cent improvement in
      416 words
    • 273 13 THE LUNCHTIME crowd at Raffles Place had a chance to look up a novel menu yesterday when DBS Securities' new electronic display board flashed 24-hour up-to-date news on the world s major securities markets. During trading hours, items like Tokyo's Nikkei Index, Hongkong's Hang Seng
      273 words
    • 252 13 PROPERTY GROUP Parkway Holdings signed the last tranche of its $165million financing package a $30-million guaranteed floating rate note due 1993 with Citicorp Investment Bank (S) Ltd and NDC Merchant Bank Ltd, the managers. and other participating banks yesterday. Parkway's finance director, Tan Kai
      252 words
    • 138 13 h}vw|iNM{)V9^^H WFZ Jopon Gf Fund 163 1 68* S hen ton Thrift Fund 081 081 UOB Management Untfund 0845 0845 Unibond 1 005 103 MARA-Bumiputra First B'putro 592 i 6 07# Second B'putro 537 542 Third B'putro 427 432 Fourth B'putro 470 4 75 Fifth B'putro 256 261
      138 words
    • 3360 13 810 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".
      3,360 words
    • 62 13 HOTEL NEGARA Limited: 20th AGM at 15 Claymore Drive, Singapore 0922, tomorrow at noon. SINGATRONICS Limited: 9th AGM at Leo Room. Level 1 Marina Mandarin Hotel, 6 Raffles Boulevard, Marina Square, Singapore 0103 tomorrow at 11am. THE GREAT EASTERN LIFE ASSURANCE COMPANY Limited: 80th AGM at 65 Chulia
      62 words
    • 444 13 MBT INNOVEST's negotiations for the regional franchise for Shakey's Pizza have reached a fairly advanced stage. Executive chairman Datuk Mokhzani bin Abdul Rahim said yesterday that market studies had shown that there was a market for pizza. The franchise will cover Malaysia, Singapore,
      MBT  -  444 words
    • 436 13  -  Outlook in the short term is bleak By CORRINA LIM SIR YUE-KONG PAOs Wharf (Holdings) Ltd has explained why it is willing to make a general cash offer to minority shareholders of Hotel Marco Polo (HMP) despite a bleak short-term
      436 words
    • 295 13 RENEWED DEMAND for timber and an upsurge in log prices helped Inchcape Bhd's timber division to report one of the better returns to investments for the diversified services and marketing group. Other major contributors to group profits were the marketing, industrial and agricultural and
      295 words
    • 259 13 MBT JACKS International which reported profits for the year ended Jan 31, 1988 after two straight years of losses expects its performance to improve further in the current year. Disclosing this in his latest annual statement, chairman Tan Kay Hock pointed
      MBT  -  259 words
    • 109 13 Bernama ES ARISHAH Sdn Bhd, which recently made a cash offer for Temerloh Rubber Estates Bhd shares other than the 7.43 million shares (48.28 per cent stake) it acquired earlier, attracted acceptances for only another 6,750 shares (0.04 per cent). This did not meet
      Bernama ES  -  109 words
  • Page 13 Advertisements
    • 288 13 NOTICES r Official Notice Proposal To Change A Ship's Name Notice is hereby given that in consequence of the intended purchase of a ship by our clients. Maersk Company (Singapore) Pte. Ltd., we have applied to the Director of Marine under Section 386 of the Merchant Shipping Act (Cap. 179)
      288 words

  • 312 14  -  By WILLIAM CHIA MULTI-RACIAL Singapore cannot afford to have people playing up sensitive issues to win popularity, warned Dr Ahmad Mattar, the Minister-in-Charge of Muslim Affairs, yesterday. Dr Mattar, who is also the Minister for the Environment, said in his Hari Raya Aidilfitri message
    312 words
  • 313 14  -  by Lim Soon Neo THE FINANCIAL RESULTS for Singapore Airlines are expected later this month but some traffic figures released by its public affairs department indicate that the airline continued to be a high flyer last year. According to its monthly News Service for
    313 words
  • 305 14  -  By MARTIN SOONG HIGH COURT Justice T S Sinnathuray yesterday threw out the Asian Wall Street Journal's case against a government decision last year to restrict the Hongkong-based financial daily's circulation. In a 75-minute judgment, Justice Sinnathuray dismissed, with costs, the Journar s
    305 words
  • 681 14  -  Appreciation attributed to rapid domestic real wage growth By ZHOU MEI, Economics Correspondent THERE WAS a 40 per cent appreciation of the Singapore dollar over the period 1980 to 1985 if the unit labour costs were used as the basis
    681 words
  • 219 14 AP CHINA'S central bank has decided that a few foreign banks will be allowed to offer services in the country's non-convertible local currency, the renminbi. The official Xinhua news agency said yesterday that the People's Bank of China would initially name one
    AP  -  219 words
  • 357 14 THE SETBACK experienced by the stock market in 1987 may well have a positive side effect: reducing the risks of overheating for some countries. In the present year and the year to come, the International Monetary Fund (IMF) envisages negative
    357 words
  • 206 14 Reuter AMERICAN Treasury Secretary James Baker said major industrialised countries were very pleased with recent stability in exchange rates and that they had reason to expect it would persist. "We (the major industrialised countries) are all very pleased with the exchange rate stability
    Reuter  -  206 words
  • 50 14 AFP WEST Germany's current account surplus fell to 5.2 billion Deutschemarks last February from 6.8 billion marks in February 1967, the Federal Statistical Office said yesterday. The trade surplus dropped to 8.2 billion marks in February from 10.4 billion marks in February 1987, the office added.
    AFP  -  50 words
  • 76 14 Reuter COMEX GOLD FUTURES were sparked up early yesterday by sympathetic buying from strong platinum but activity slowed after the market was unable to snap through key technical resistance. June gold was ahead US$2.BO at U*****.50 an ounce, stalling under a chart level of U*****.00. Analysts said the
    Reuter  -  76 words
  • 79 14 TWO TEAMS of unionists will be leaving Singapore this month and the next for Britain and China, according to the latest issue of the NTUC newsletter, NTUC News. The first, to be led by Second Deputy Prime Minister and secretary-general of the National Trades Union Congress
    79 words
  • 400 14 AP, AFP THAI PRIME MINISTER Prem Tinsulanonda arrived in Moscow last night on a seven-day state visit to the Soviet Union after which he goes on to Finland and Hungary. Before the Thai team left Bangkok yesterday, a top aide said Mr Prem would ask
    AP,; AFP  -  400 words
  • LATE FILE
    • 33 14 Reuter AFGHAN resistance fighters were stepping up military operations yesterday after Soviet troops began withdrawing on Sunday from Afghanistan, rebel and Western diplomatic sources in Pakistan said. Reuter
      Reuter  -  33 words
    • 39 14 AFP THE HOME SECRETARIES of India and Pakistan concluded three days of talks in New Delhi yesterday which reportedly focused on unauthorised border crossings and Indian allegations of Pakistani aid to Sikh militants, officials said.
      AFP  -  39 words
    • 42 14 AFP KUWAIT AIRWAYS is planning to resume flights to its Asian destinations next month after suspending them following the April 5 hijack of one of its jumbo jets, a spokesman for the airline said in Bangkok yesterday.
      AFP  -  42 words
    • 47 14 AFP ABOUT 200 communist guerillas raided a Philippine air force base near Laoag yesterday but were repulsed after a fierce gun battle, military authorities said. There were no immediate reports of casualties after the five-hour firefight at the Paredes Air Base. AFP
      AFP  -  47 words
    • 51 14 AP HUNDREDS of charging students in Seoul hurled firebombs and rocks at riot police yesterday after a student committed ritual suicide to demand the release of all political prisoners. Fighting erupted after police fired tear gas to stop some 1,200 students from marching into the streets.
      AP  -  51 words
    • 53 14 Reuter JAPAN will hold bilateral financial talks with Italy in Rome on May 30 and with France in Paris on June 1. A Japanese Finance Ministry official in Tokyo said yesterday that Toyoo Gyohten, Vice-Minister of Finance for International Affairs, would lead the Japanese delegation to
      Reuter  -  53 words
    • 49 14 Reuter AN ACCORD opening formal relations between the European Community and the communist Comecon trade bloc, which have not recognised one another for 30 years, should be ready to be signed this summer, visiting West German Economics Minister Martin Bangemann said in Moscow yesterday.
      Reuter  -  49 words
    • 35 14 Reuter SAUDI ARABIA has informed its crude oil term customers that its current marketrelated pricing formula arrangements would be extended until the end of July, the Middle East Economic Survey said yesterday.
      Reuter  -  35 words
    • 67 14 UPI AN INTERNATIONAL consortium led by General Electric Co of the US has won a US$lO4 million order from the Egyptian Electricity Authority to supply power plant and substation equipment on a full turnkey basis. A Japanese partner, Toyo Menka Kaisha, said in Tokyo yesterday
      UPI  -  67 words
  • Page 14 Advertisements
    • 232 14 [KMSKES7 A special BT supplement THEY'RE NOT LANDING in Viking ships these days fortunately, but from the far north nonetheless come business warriors and investors, with growing trade ties and shared interests with tropical Singapore. Tomorrow with Business Times Norway, a special 8-page supplement on the country's economy and its
      232 words
    • 174 14 Sn Pag* 3 Avoiding tha main matters, Paga Reagan to giva reasons for veto, Page 5 The silver report was not available at prsss time Keep yourself constantly informed of the latest developments in Japan's Steel industry by regularly subscribing to JAPAN STEEL JOURNAL, the one and only English daily
      174 words

  • SHIPPING TIMES
    • 286 15  -  By G DURAIRAJ PORT KLANG Authority has removed the ceiling on the tonnage bonus earned by stevedores in an attempt to increase productivity in general cargo handling. The revised incentive bonus scheme is expected to boost productivity in the handling of heavy goods like steel, unitised
      286 words
    • 301 15 Seatrade Week A STUDY commissioned by the Port of Long Beach claims that within four to five years the majority of marine terminals at the port should be served by dockside double-stack rail connections. There are no
      Seatrade Week  -  301 words
    • 154 15 THE MARITIME Industry Authority of the Philippines has recommended the closure of substandard maritime schools to maintain standards of maritime education. Philippines has the largest number of maritime schools in the world, reported Manila Chronicle. Marina administrator Philip S Tuazon said: "Our schools produce
      154 words
    • PORTSIDES
      • 143 15 Reuter THE TREASURE-LADEN flagship of the Turkish fleet sunk by the Greeks in 1822 has been discovered, a sea salvage expert said. Peter Nicolaides said he was sure the wreck he found a mile east-north-east of Chios Port in 50 metres of water was the Burlota Seimaz.
        Reuter  -  143 words
    • 163 16 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
    • 119 16 AFP THIRTY-ONE of 34 crew members of the Seawise Giant supertanker survived an Iraqi air raid on Saturday, but the Taiwanese chief engineer was killed and two Filipino seamen are still missing, survivors said. They said the chief engineer had taken his post
      AFP  -  119 words
    • 746 16 Fairplay THE DOMINANT feature of the container building industry in the last 12 months has without doubt been the spectacular demise of the Japanese box builders. According to figures released in the Japan Container Association, total box production in the country stood at 18,035
      Fairplay  -  746 words
    • 280 16 Reuter NEARLY two months after the Syrian cargo ship Zanoobia was loaded with Italian toxic wastes in Tartus, Syria, its crew remain stuck on board with their poisonous cargo which no-one will accept, Italian press reports say. On Saturday, seaman Malik Smin was hospitalised after
      Reuter  -  280 words
    • 796 16 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Africa 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 III
      796 words
    • 272 16 AFP DEMAND has been insufficient to absorb available tonnage in most major loading areas of the tanker market over the past week, London brokers E A Gibson say in their latest report. Activity was mostly concentrated in the first three days of the week due to the closure
      AFP  -  272 words
    • 301 17 THE HONGKONG government has relaxed rules governing the employment of crew The South China Morning Post received l confirmation from S Y Tsui, principal surveyor in charge of the Marine Department's Examination, that shipowners of Hongkong registered vessels have more flexibility in j hiring
      301 words
    • 190 17 THE transport-shipping group TNT Ltd will take a controlling interest in Australian Warships Systems of Newcastle, one of two groups in the running to become the major contractor for the A 55.2 billion Anzac light frigate project. TNT will take a 25 per
      190 words
    • 8577 22 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.
      8,577 words
    • 1228 24 CHARTERING remained relatively active on the London shipping freights market Friday with some slightly firmer rates being reported on certain routes In the grain sector, for example. CNAN p«id a firmer US$25 for 25,000 tons from the US Gulf to Algeria *hile from the US North Pacific to
      1,228 words
  • Page 15 Advertisements
    • 803 15 TIMES STP Distributors r»mti PubStmhmg Group OOCL OfQENT Oveiqeas CmLitm Line WW/ JRoiNE SHIPPING AGENCIES (Ret No *****4/ 00*) 200 Cantonment Road #12-05 Souttipomt. Sinppore 0208 TH 221X111 TELEX NO RS ***** TERMINAL,CFS Tel *****1* 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEL *****18
      803 words
    • 53 15 rasa THE DOMINANT feature of the container building industry in the last 1 2 months has without doubt been the spectacular demise of the Japanese box builders. Page II THE HONGKONG government has relaxed rules governing the employment of crew. Page 111 Index to advertisers Consortia London freights Ships in
      53 words
    • 546 15 <4. BALT-ORIENT LINE Baltic Shipping Co Reply Services from South East Asia to United Kfctf dom and North Continental Ports Agent: Singapore Soviet Shipping Co Pt# Ltd Tel; *****33 MAERSK LINE MAERSK LINE SHORTENS THE JOURNEY *4 DAYS TO NEW YORK The hh M Rotterdam Closing Time CY 19/5 0800
      546 words

  • Page 16 Advertisements
    • 832 16 Hapag-Lloyd ALSO ACCEPTING CARGO TO. ALL UK INLAND-DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG, MALMO. HELSINKI, OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG BREMERHAVEN R DAM/ ANTWERP LE HAVRE SOUTHAMPTON LARGS BAY KAMAKURA MARU HONG KONG EXPRESS CARDIGAN BAY RHINE MARU TOKIO EXPRESS K2ZH IKZZHIES9 E9K9iI
      832 words
    • 17 16 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      17 words
    • 434 16 AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO AmTVansVESSEL TEXAS RAMBOW VO STAR MAGNATE VI g3g| E2H CZli CCZI3 El CIH EM BI"MI II lIIZZMiEZifIQBQfIEEfIu BY FEEDER VESSEL ACCEPTING CARGO TO ATLANTA, SAVANNAH, BALTIMORE, 111 AMI TAMPA. OTHER U S EAST COAST PMK AM KmirtT ALSO ACCEPTING CARGO
      434 words

  • Page 17 Advertisements
    • 1021 17 S3 The Straits Steamship Group Mansfield Container Shipping Re Ltd STRAITS SHIPPING Singapore to Sabah, Sarawak, Bcuoai Ports and Bangkok TO P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT: CONTAINERSHIP SERVICES TO/FROM BANGKOK PtCASUS PROGRESS VS3OW 23-24 Bby 26-27 May ft CASUS PROGRESS VUIN 01-02 Jun 04 05 Jun BANGKOK BORNEO AGENCIES
      1,021 words
    • 831 17 Now/'K" Line's Sea Rail service blankets the U.S.A Japan Korea 0 Taiwan Sini Seattle Chicago New Vbrk Columbus Atlanta Dallas New Orleans Beach Houston \S Hong Kong Singapore Port Kelang "K" Line's Pacific Southwest/Chicago- Penang New York Double Stack Train (DST) service route is joined by a new Pacific/ Gulf-Atlanta
      831 words

  • Page 18 Advertisements
    • 375 18 IXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN TAKNTI IRAN VAH OAT IRANIAN SERVICE Loading for:BANOAR ABBAS BANDAR ABBAS KYOWA LINE PNG/8. 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
      375 words
    • 573 18 SCSline t»*u tnwif n—FULLY CONTAINERISED SERV IC E TO FURORE VIA SUEZ "1 A Mfmbfr nl the Acr ComorKm Hill* CONIAINIRISfD 10 (ROM NORTH AMf RICA IMS! COASi BU LA 26/5 OAK •FDR MOTHER VESSEL KJJ 43E/HANJIN KWANGYANG 45E KJJ 43E/KOREAN WON IS JIN 75E SSB 65E/KOREAN HON IS SUN
      573 words
    • 337 18 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO KOBE: SAILING 30/5 EURO-AFRICA SERVICE FOR: PORTO. LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER 8 ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE ft MADANG NOUMEA 2/6 FREMANTLE SUVA/LAUTOKA 2/6 SYDNEY SIN AUCKLANO, WELUNGTON, 4/6 LYTTLETON, DUNE
      337 words
    • 1020 18 r M EVERGREEN Full Contimpr Scrvicr lound-The-World East Bound (FE/CARIB/USEC/EURQ/FE) a/5 an an 77/s an °2/» *w ■a«si3ss3 H i s s f i i i?* 71/1 22/t 25ft zm ifi v> an ur> an ap m m im lift i/i ever globe an an an vn an m sn
      1,020 words

  • Page 19 Advertisements
    • 837 19 %T 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 I VESSEL VOY MTEGRA M2l SCA FORTUN* 6621 BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE SCA DRAGON •HUM PIYA BNUM REPULSE BAY VESSCL MA
      837 words
    • 354 19 liJfl BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STON HAM (HAVEN KOMI NAVKI U* M M M IM M IM 12A IM IM 1W 144 1M 1M IM w im an an an an m an an im w w in in w *pap up up w ap up hp
      354 words
    • 427 19 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUOERA INDONESIA P.T. TRIKORA LLOYI EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PORE BILBAO ANTWERP H'BURG/ R DAM/ADAM BREMEN UNISIERRA/CP29/WB 30/5-2/6 14/7 12/7 PALEHBANC/9WB 10-13/6 12/7 15/7 MATARAM/21WB 12S-21/6 29/7 3/1 ftwbt+ct to Inducement Also
      427 words
    • 444 19 BOUSTEAD SHIPPING AGENCIES fefe BURMA FIVE STAR SHIPPING etgjjfflig I (Burmese National Line) PAGAN Via PA AN VI2SW Loading for Rangoon P.Kplang Penary Bangkok BANK LINE 1 3 Jfiviil/JL J a MORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA VI3N BEE CO AS4A V3S SPORE ROAM HULL HMf 10* V 7 14/7
      444 words

  • Page 20 Advertisements
    • 913 20 K'linb KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST VOY "INDO PK/PNG 15/5 22/5 31/5 7/6 ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE VOY LB CHLS 19/4 26/4 3/5 10/5 •PK/PNG INI 22/5 21/5 29/5 2*5 5/6 M 12/6 14/t VIA FEEDCR N. AMERICA PACIFIC SOUTH-WEST •PK/PNG SGP CHICAGO NYC
      913 words
    • 745 20 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore PKrianj Pmanj La Bo Faeder By f—6 OtllßT SUCCESS V 107 It Ma. SO MANIPUR W ITH IS E TKU MY VI JO Ma, NMM*N COURIER V lON 24 May AfiWS AMOR lAS V CI 27 May o«WNT success v m <
      745 words
    • 714 20 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. Tatot Aytf StrMt SINGAPORE 0104 TEL U43M (10 LINES) F»i *****4 STRAITS/PERSIAN GULF SERVICE: Spot PKetong Penang GOLDEN BEAR Colombo, K»r»chi Dubai 24/25 May GOLDEN HARVEST Colombo Karachi Dubai 1/9 June CHINA SERVICE Ml TUN SMAN Xiamen Shanghai 24/25 May A VESSEL
      714 words
    • 547 20 I® PHI LI Oni€NT LIN €5 PT€ LTD HEAD OFFICE £3 ROBINSON ROAD -07-12 AFRO ASIA BUILDING SINGAPORE 01C6 TELE* RS ***** PHILI FAX *****76 gvjj .11: j.vfLATTAKIA. BENGHAZI. ALGIER TRIPOLI. ALEXANDRIA PORT SAID. PIRAEUS. CASABLANCA. LIMMASOL VALETTA ADEN. DJIBOUTI SAN FRANCISCO. OAKLAND BOSTON. LOS ANGELES. LONG BEACH DALLAS. NEW
      547 words

  • Page 21 Advertisements
    • 756 21 NEPTUNE AGENCIES PTE LTD. FE EU/AUST TPA/SEA Oarwrd EnqulHM: Tel: *****77 Terminal CFS BOOKINGS: *****53 *****42 *****22 *****53 *****19 27*114 NEPTUNE ORIENT LINES LTD P MUnf NEPLINE SON. BHD. *****87 K Lumpur NEPLINE SON. BHO. 2(***** Penang NEPLINE SON. BHD. *****5/6276»/627«1/67m2 J Bahru NEPLINE SDN. BHD. 23K40/***** 27*5743 27*5742 27*119
      756 words
    • 511 21 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN, INCHON STRAITS/KOREA SERVICE Vtmls Nam* ETD BS BKK S PORE PKELANG BUSAN M. EnttrpriM/DSM 26/04 09/05 In Port 20-21/05 JI,QS-03/06 No 9 Donam/RMN 30/04 16/05 20-22/05 22-23/05 02-04/06 No 1 Donam/KMN 09/05 22/05 25-27/05 21-290S 09-10/06 No
      511 words
    • 786 21 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 SHIPPING 127 Penjng Street Pentng. Malaga M S HANDLING SYSTEM CO
      786 words

  • Page 22 Advertisements
    • 352 22 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE E. THAELMANN 4/8121/5 |25/5 I 6/6 RUHLAND 4/M j 1/6 j— 17/6 4/7 •VIA COLOMBO: Accepting
      352 words
  • Page 22 Miscellaneous
    • 165 22 H Regional Weather Vi 4T 38 5^ yjy. a^^iTr LL*£ C yA ~S Win* 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 y Shower Weather s-J Wind direction with speed in knots Rain Cloudy Sky
      165 words

  • Page 23 Advertisements
    • 1067 23 y> sjia/3 u AT CONVENTIONAL WHARVES RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS LCL CONTAINERS UNPACKED IN THE CONTAINERS FREIGHT STATION ALL CONTAINERS UNPACKED AS AT 16.05.88 (2300 HOURS) Arrival Ship Voy Date Godown Vega 87N *****8 F7 Nep Beryl
      1,067 words
    • 177 23 TRANS TRADING AGECY PTE. LTD. FBI IRAQI UN£ ST ATI (*Tf«MiSf *0« MMITIMf TR*kS'3«T WEST BOUND SERVICE Z ETA S PORE LOADING FOR MV RORO AL-ZAHRAA In Port Hodextah Jedd*k. Aqab "V RORO BALQEES In Poet Hodtntih Jcddjh Aut MV BABYLON 10 6 Hode«Wv Jeddah M*t THROUGH Bi'Ls to BAGHDAD
      177 words

  • Page 24 Advertisements
    • 383 24 I// Hai Sun Hup Co (Pte) 1 l Ln TEL *****06 (20 Lines) TLX RS ***** RS J A i \M I l\N \R I l\l K I Ii) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT: Yokohama 3/6 18/6 28/6 Nagoya 16/6 Osaka Senboku 28/6 Moji •Subject to
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