The Business Times, 24 May 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, MAY 24, 1988 75 CENTS
    11 words
  • 272 1 AFP Dow Jones lower WALL STREET stocks were little changed in very slow trading yesterday morning, bogged down by worries about inflation and interest rates. The Dow Jones Industrial Average edged up 1.99 points in the first half hour of trading, but then dropped back to show
    AFP  -  272 words
  • 207 1 MOST of the major regional stock markets yesterday reflected the bearish mood on Wall Street, where fears of higher interest rates continue to weigh heavy on investor sentiment. In Singapore, share prices closed lower in quiet trading with Singapore-based blue chips and quality stocks bearing the
    207 words
  • 128 1 THE AUSTRALIAN DOLLAR remained strong in the Asian-Pa-cific currency markets yesterday, rising at one point to around U550.7875 before closing lower at around U550.7870. It firmed on bullish sentiment supported by relatively high interest rates and rising commodity prices. Some dealers said the Aussie
    128 words
  • 497 1 Reuter, AP A LEADING advisory panel to Prime Minister Noboru Takeshita has unveiled a proposal for Japan's new economic plan that seeks real gross national product (GNP) growth of around 3.75 per cent annually over the next five years. The
    Reuter,; AP  -  497 words
  • 349 1  -  By BOEY KIT YIN SINGAPORE RUBBER PRICES shot up by 18 cents yesterday after the Tokyo market surged forward to hit the five-yen limit. At spm yesterday, rubber prices reached 284 cents a kg up from last Friday's closing of 266
    349 words
  • 499 1  -  Many opting for higher studies and other clerical positions By ALVIN TAY, Banking Correspondent A SHORTAGE of junior clerical staff has hit the banking industry, with the 13 local banks requiring more than 230 clerks to fill existing vacancies. If
    499 words
  • 236 1 Reuter INTERNATIONAL Monetary Fund managing director Michel Camdessus said the US should institute a far more ambitious budget deficit reduction plan since it would lead to a cut in global interest rates. Mr Camdessus also made it clear that the world's economies should
    Reuter  -  236 words
  • 140 1 AFP HIGH TAX and interest rates have put Australia among the worst places to invest in. Elders IXL Ltd chairman John Elliott said yesterday. Mr Elliott told a Pacific Basin Economic Council (PBAC) conference in Sydney that Australia and New Zealand lagged far behind Western and Asian
    AFP  -  140 words
  • 247 1 WORKERS in the financial and business services sector can look forward to a salary increase of over 4.1 per cent, the average pay rise last year, despite moderate first-quarter growth in the sector. Mr Ong Teng Cheong said yesterday. The
    247 words
  • Page 1 Advertisements
    • 79 1 Nikon The World fmesl Photoarspnc Sy\t»m JOLLY HOURS JOILY HOUftg AWW-TWI/RSMY 10PM-1 AM They make their comeback at the Streets. From 1 Opm to 1 am, Monday to Thursday, have a jolly good time when drink prices are so smashing. Order a Guinness or beer draft and get one free.
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    • 291 1 Full report, Page 16 Regional markets, Paga 18 US PRESIDENT REAGAN and Soviet leader Mikhail Gorbachev will meet in Moscow in the coming weekend amid little expectations. However, an agreement on a joint flight to Mars could be an early pointer to a warming up in bilateral ties between the
      291 words
    • 70 1 Towards more dynamic Indian businessmen IT WILL SOON become imperative for Indian businessmen to join the Singapore Indian Chamber of Commerce. What started as a motley group of petty traders, restaurant owners and shopkeepers has become a 500-strong organisation whose members include manufacturers and international traders. Executive director George Abraham
      70 words
    • 161 1 Nikon The World s finesf Ptiotogrtphic System You get more of a dictionary when you get Times-Chambers Junior Dictionary A teaching dictionary for upper primary pupils This dictionary has been written specially for upper primary pupils particularly those of south-east Asia. The 15.000 words and phrases contained in the dictionary
      161 words

  • HOME NEWS
    • 524 2  -  By JEFFREY TSANG GRANTS AWARDED under the Research and Development Assistance Scheme (RDAS) have been moving away steadily from supporting purely university projects in favour of the private sector. In the latest round of six awards, announced yesterday, two were for the private sector
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    • 215 2 THE SINGAPORE Tourist Promotion Board (STPB) has lined up events for this Saturday to ensure "a night to cap all nights in Singapore's arts history", according to an STPB statement. The events are a prelude to this year's Arts Festival from June
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    • 336 2 MALAYSIA'S growing affluence is prompting a Singapore airconditioner manufacturer to consider producing there. Robert Chua. managing director of ACE-Daikin, told BT a feasibility study on expansion is being done, and there are plans for the company to have a long-term presence in Malaysia. Mr
      336 words
    • 115 2 THE Singapore Armed Forces (SAF) and the Republic of Singapore Air Force (RSAF) will be carrying out military exercises during the next couple of days. The SAF will conduct military exercises in Lim Chu Kang, Tuas. Hong Kah, Marsiling, Mandai, Sembawang, Wing Loong and Loyang until May 29.
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    • 455 2  -  By TIANG PEK YIN THE VALUE of locally-made surface mount printed circuit board assemblies will exceed $1 billion this year nearly double the estimated total output value for 1967, according to the Economic Development Board. It is also estimated that
      455 words
    • 221 2 WESTIN STAMFORD, in an attempt to woo more guests during the off-peak period, is launching a promotional offer on its room rates. From next month until the end of September, guests staying at the hotel will enjoy a 40 per cent discount on all suite
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    • 285 2 Seminars and courses Jun 1-3 Building the Right SIM Conference Singapore 737M66 Motivational Climate Room Institute of Monogement Jon 1Certificate in National National *****66 Oct 15 Manufacturing Resource Productivity Productivity Planning and Control Board Boord Jun 2-3 Effective Writing RGA Training Roger Gill ond *****60 Skills for Senior Centre
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    • 430 3 A JAPANESE and two Singaporean companies have come up with ideas to turn Lazarus Island into a paradise island. The Singapore Tourist Promotion Board (STPB) received three concept and business proposals for transforming Lazarus Island into a holiday resort when tenders for its development closed recently.
      430 words
    • 173 3 MACHINERY WORTH MORE than $1 million will be up for grabs When Dominion Auctioneers, Appraisers and Agents holds a three-day auction from tomorrow. Interested buyers can view the machinery at the old Robin Shipyard in Jurong. Actual purchasing will be done on May
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    • 322 3  -  By BOEY KIT YIN PENTA OCEAN Construction and Koon Construction Transport have jointly won a $52.2 million contract under the third phase of a land reclamation scheme for the development of Punggol New Town. Under the north-eastern coast reclamation scheme, carried out
      322 words
    • 580 3  -  By ANNA TEO THICK in the midst of a major restructuring following its merger with Fairchild Singapore, National Semiconductor is to spend US$l5 million on new machines this year. Most of the equipment will be used for making high volume ASICs (application-specific integrated circuits)
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    • 433 3 TWO YEARS AFTER venturing into China, plastics producer Maya Manufacturing and Trading has hit the expansion trail again. This time it is eyeing Thailand. The company is finalising plans to set up a factory in Thailand. It already operates plants in Malaysia and Indonesia. Maya
      433 words
  • Page 2 Advertisements
    • 77 2 r: I JE<mt o v r Every single shipment we handle is treated individually. Indeed, Lufthansa offers solutions that are tailored to your particular airfreight requirements. Speed, technology and reliability. f! i:yGO nifth a These are the qualities you'll find on every one of our three weekly direct flights from
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  • Page 3 Advertisements
    • 192 3 jppl MM r .i V.4 .f- dr- f< :yi fi s >-. an f '""V* <■» •>- fe t Nc> ■P*'i... «VW| >-# .<A 4T» When your money is out of your hands, it's out of your control. Are your assets managed by a company located far away, or by
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  • Page 4 Advertisements
    • 458 4 If you're looking for the perfect opportunity to buy, sell or merge, there's someone, somewhere in the world waiting to meet someone like you. And that's where Chase gives you an edge that other banks can't match. Not only because of our expertise in mergers and acquisitions, but also because
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  • ASIA-PACIFIC
    • 469 5 AFP THE JAPANESE government has made another move expected to give an impetus to a steady rise in imports, further cutting Japan's huge trade surplus, which is the constant target of foreign criticism. The Ministry of International Trade and Industry (Miti)
      AFP  -  469 words
    • 1026 5 ARRIVALS Operator S«rvic« Local From number time GIA GA892 0015 CGK SU son 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 SIA SQ491
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    • 193 5 Reuter PAKISTAN'S armed forces must meet an increasing military threat from India, Pakistan President Mohammad Zia-UI-Haq said. "We must match a sword with a sword, a tank with a tank, a destroyer with a destroyer. Not necessarily in quantitative but in qualitative terms,"
      Reuter  -  193 words
    • 169 5 AFP SOME Beijing families of five are living in one room of 12 sq m and one family in four in the capital is not properly housed, the Economic Daily newspaper said on Sunday. The Chinese paper added that in contrast, some top officials and
      AFP  -  169 words
    • 587 5  -  Investments and construction will be the main contributors By BRIAN GOMEZ, Foreign Editor THAILAND'S economic engines of growth continue to perform in high gear with forecasters now predicting real economic growth of 7 to 8 per cent this year. "Figures for the
      587 words
    • 331 5 Reuter TAIWAN, which earned massive foreign exchanges from exports, has paid a high price to keep its inflation down in the past two years. "The price of fighting inflation is very high, but we think it worthwhile because we have been able
      Reuter  -  331 words
    • 202 5 AP SIX OFFICIALS manning a polling station in the Bangkok city assembly by-election were left counting their own votes as none of the district's 296 registered voters showed up, newspapers reported yesterday. If polling station No 9 in Bang
      AP  -  202 words
  • Page 5 Advertisements
    • 61 5 fI 1/ \l W If Ila The business person's choice, every I f II 111 I Tuesday. Thursday, Saturdoy and I V 1 a\ \l I I a Sunday. Leaving Changi Airport at I X.V y\- 1 V_>/ 22 05 hours and arriving at Lester B. Pfearson International Airport the
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    • 263 5 MEET WITH SUCCESS AT THE MARINA MANDARIN ...Just a note to thank you and all the staff at the Marina Mandarin for your assistance during the Stanford/NUS Executive Programme. The programme was a successful one, thanks in part to the smooth functioning at the hotel in setting up meals, group
      263 words

  • REST OF THE WORLD
    • 456 6 Gorbachev seen to be wanting to move things along Reuter AMERICAN Secretary of State George Shultz has praised Soviet leader Mikhail Gorbachev for seeking better superpower relations and predicted the Moscow summit would produce agreement to pursue nuclear arms control. Mr Shultz, referring to a
      Reuter  -  456 words
    • 236 6 Reuter FOOD SURPLUSES of rich nations should be sold to help poor states pay their debts, a United Nations meeting beginning in Cyprus yesterday was being told. "The developing countries would use it (the cash) to assist in development, to
      Reuter  -  236 words
    • 230 6 AP THE POLISH communist party newspaper has rejected any suggestion of a new "Marshall Plan" in which the West would bail Poland out of its foreign debt in exchange for democratisation and other political concessions. In a lengthy commentary in last weekend's edition, the
      AP  -  230 words
    • 337 6 AFP MEXICO and Latin America would like to expand trade with the European Community (EC), according to a Mexican economist. "That would be very important for Mexico, considering how much (Mexico) depends on its sale of oil to the
      AFP  -  337 words
    • 373 6 AFP HUNGARY'S new leader Karoly Grosz went on television on Sunday shortly after replacing veteran strongman Janos Kadar to plead for "radical and global change'' in the country. Ending 32 years of rule by Mr Kadar, who came to power when Soviet tanks crushed
      AFP  -  373 words
    • 438 6 AFP THE LATIN AMERICAN Economic System (Sela) is looking into the possibility of creating a Panamanian currency to resolve the country's current economic crisis. Panama's ambassador to Venezuela said on Sunday. Ambassador Marcel Salamin assailed the US economic blockade of his country that has
      AFP  -  438 words
    • 174 6 AFP AN ARGENTINE ENVOY, sent on a four-nation South American tour to rally support, returned to Buenos Aires on Sunday to try to sort out differences with Britain over the Falkland Islands. Ambassador Juan Beltramino returned from visits to Uruguay, Bolivia, Mexico and
      AFP  -  174 words
    • 451 6 Reuter SOUTH AFRICA is delaying over new laws to crack down on insider trading on the stock market, according to the government's top legal adviser on the issue. Insider trading is when dealers, company officials or bankers take advantage of less well-connect-ed investors
      Reuter  -  451 words
  • Page 6 Advertisements
    • 148 6 Our businessman's package packs a mountain of attractions for just M$ 135. Every businessman's package starts with a good deal. For just Msl3s++ a day, you can have a single/twin guestroom at Hyatt Kinabalu International, and all these perks: 20% discount from Kinabalu Rent-A-Car. 10% discount at Kinabalu Emporium. Complimentary
      148 words
    • 3 6 Leadar, Page 10
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  • Page 6 Miscellaneous
    • 162 6 //S" Singapore OUTLOOK: Pair Report for 24 hours prior to 7.30pm on May 24 at RaMaM Ma 2*l J Rainy days Ma mfti 9 Moscow Nomou Now Dolhi Now York Nicosia Oslo Paris Parih Rio 'Jonairo Romo Son Fris'co San Juon Santiago Sao Poulo Sooul Stockholm Sydnoy Toipoi Toi Aviv
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  • Page 7 Advertisements
    • 429 7 Engineered like no other ear in the world 5NVtn, v >% -r. S z "^4 t's. V' 5r **r W, $y*r O<S/ <K >. NT' 7 ,{>« < ->4 4r CtA <4 a/ V'- *w X v > V v♦ir,> V M 1 r>* *1 f -r 't pH* f
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  • COMMODITIES
    • 330 8 AP CHINA'S largest oil field, for many years raised as the model for all industrial endeavours, is expected to run at a loss this year for the first time. In Sunday's edition of the En-glish-language China Daily, an unidentified official at the
      AP  -  330 words
    • 153 8 IRANIAN OIL MINISTER Gholamreza Aqazadeh arrived in Oman on Sunday, apparently to garner support for an oil output cut in advance of June's meeting of the ministerial council of the Organisation of Petroleum Exporting Countries. Mr Aqazadeh, who will also visit the United Arab
      153 words
    • 94 8 GASOIL and kerosene continued to attract good buying interest yesterday, but ample supplies were holding prices low. Other products and crude remained stable. Closing prices for crude (FOB origin) USJ/bo"*< *****« Toph (Jura) 17.00 Miooi (May) 16.54 ♦0.20 Owboi (My) 14.97 W«i> Tuoi WTI (My)* 17.72 Nn
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    • 190 8 THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) cloaed unchanged yesterday at last Friday's MJ17.50 a kg finish in active trading. Dealers said turnover rose to 184 tonnes from 111 tonnes last Friday, as miners were prepared to dispose at the day's levels and becauae
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    • 386 8 SINGAPORE The market closed sharply higher yesterday with June One RSS buyers quoted at 284.00 cents a kg. up 18 cents from last Friday's close. Opening prices were marked up 10 cents following news that prices generally scored the five-yen limit gains on the Tokyo market amid concern about
      386 words
    • 82 8 (canti/kg) JUNE 1988 JULY 1988 (currant month) (forward month) RAS NOON H. t<^ c a |i ®W7 tf Jtwtn NOON •wy*n S*it*n SM 20 257.00 262.00S 257.00 262.00N ss* so 255.00 260.00S 255.00 260.00N MRELB tuyan IiHau feyr. Mtan SM* CV 475.00 477 00N 476.00 478.00N SMI
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    • 285 8 R AS prices In S c*nte/kg, FOB In bmk M NOON CLOSE Bvy*ri Sollon 8wy*rs Sellers Int 1 RSS Prompt 280.00 282.00N 285.00 287.00N lot 1 RSS Jun. 88 278.00 282.00N 284.00 288.00 Int 1 RSS Jvly 281.00 285.00 287.00 291.00 Int 2 RSS OP 274.00 278.00N
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    • 309 8 Malaysian cruda palm aM luturaa closed slightly easiar yesterday in moderate trading on the Kuala Lumpur Commodity Exchange (KLCE). Dealers said the easier trend was pue to mild selling following rumours of heavy raina in the soybean growing areas in the US. The higher soyoil futures closing overnight
      309 words
    • 362 8 HONGKONG: The metal closed higher in active trading yesterday on persistent buying by local investors. However, chartists noted hard resistance at US$46l, barring further advance for the metal. Sentiment remained bullish, partly on concern over poesible escalation of the Iran/Iraq war. Bullion ended at U*****.60/460.00 an ounce against
      362 words
    • 190 8 Chinese Produce Exchange S*ll«rt' noon dosing prkm on Moy 23 (SS/100 kg) Coconut oil Bulk FOB 107.00 Otd drum FOB 117.00 N»w drum FOB 121.00 Copra Mix«d IIoom) 62 Pepper Weri Muntok whit* FOB NIW 1140.00 Sarawak whit® FOB foq NIW 1125.00 Sarawak spodal block FOB NIW 662.50
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  • Page 8 Advertisements
    • 131 8 I like them to think I had them in mind. Actually, Morrison did V 4 JfiP w *v Executive Decision M r ',r. A rf T.ar v The morrison office furniture system Designed with every individual in mind From THE DIRECTOR TO THE MOST JUNIOR OFFICER. IT LEAVES NO NEED
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  • FOCUS
    • 992 9  -  In the battle for their party's presidential nomination, two men have found themselves backed by faithful, financially well-equipped followers. For George Bush, support from his dedicated Republican fund-raisers has been based more on loyalty, friendship and kind deeds rather than political philosophy. The story
      NYT  -  992 words
    • 944 9 The signs behind the Dukakis drive NYT BEHIND THE crusade for money that has helped push Michael S Dukakis to the brink of the Democratic presidential nomination are about a dozen wealthy fund-raisers drawn to him by old friendships, Greek-Ameri-can pride and a desire to participate in politics at the
      NYT  -  944 words
  • Page 9 Advertisements
    • 112 9 BLAUPUNKT BOSCH Group It's a small point. But it makes a world of difference. Blaupunkt Integral IS 70-78Y r T. Switched on, it provides a very clear picture and stereo sound in hi-fi quality. Switched off, its functional design makes a good impression. Thus, Blaupunkt color TV sets present a
      112 words
    • 52 9 Singapore to Seoul. 2 non-stops a week. Korean Air now flies non-stop to Seoul twice a week from Singapore. Our flights are conveniently scheduled early in the morning arriving in Seoul the same afternoon. For more information, call your travel agent or Korean Air on *****11. KSREANAIR THE ART OF
      52 words

  • PERSPECTIVE
    • 536 10 WHEN AMERICAN President Ronald Reagan and Soviet leader Mikhail Gorbachev meet in Moscow for their fourth summit, they will have no agreement to sign. The much-expected deal to cut strategic nuclear weapons by half is off, for the moment at least, following a failure to
      536 words
    • 1432 10  -  From a motley group of petty traders, restaurant owners and shopkeepers, the Singapore Indian Chamber of Commerce has today become a 500-strong organisation whose membership includes manufacturers and international traders. In recent years, the chamber has taken on a higher profile. LILIAN ANG reports.
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    • 913 11 VIETNAMESE PRESENCE IN CAMBODIA UNLIKELY TO END SOON IHT THE GUERILLA WAR in Cambodia is unlikely to be settled soon, despite growing economic hardship in Vietnam and evidence that the Soviet Union wants to reduce political and financial costs of its involvement in regional conflicts,
      IHT  -  913 words
    • REGIONAL VIEWPOINTS
      • 210 11 Our weekly summary of what other publications have to say about issues of regional interest. INDONESIA "THE INDONESIAN government early this month launched a concerted export drive designed specially to tap new market opportunities in the US in 1989 when four Asian Newly-Industrialising Countries (NICa) are no longer
        210 words
      • 280 11 MALAYSIA "THE PROPOSED changes in the labour legislation have come after a full-scale review of the Employment Act 1955, the Trade Union Act 1959, and the Industrial Relations Act 1967. Deputy Labour Minister Datuk Wan Abu Bakar Wan Mohamed has pointed out that some of the provisions
        280 words
      • 203 11 THAILAND "FORECASTING DEMAND for a service is never easy, but it is worrying that the Port Authority of Thailand's (PAT's) confident assurances in February that the volume of containers could be handled should have been so quickly proved wrong. "The Bangkok Cranage Company has said it
        203 words
      • 166 11 THE PHILIPPINES "YESTERDAY'S paper carried appeals from Sen Leticia Shahani for the Aquino Government to 'firm up its options' on the US military bases issue. For a start, she said, government must undertake a comprehensive study on the courses of action that can be taken should the US
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      • 155 11 CHINA "INSTEAD OF pressing on with their territorial claims that date back to the 13th century, when both countries were very different entities. China and Vietnam can set an example for other nations by coming to terms on the strategic Spratly islets. Despite nine years of animosity, Beijing
        155 words
      • 264 11 HONGKONG "OVER RECENT YEARS many Hongkong companies have set up new factories in Guangdong province to take advantage of the relatively low production costs, abundant labour and preferential treatment from a country hungry for foreign investment. An estimated two million jobs in Guangdong have been created
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  • Page 10 Advertisements
    • 142 10 v. V F I ."lb'ill -ll'l ii Wv \Vv i. V\ ;fVr? »V >" r "T" 1 >» J* I V 4 Invitingly Indonesian V I *v% II M V/ ss N LZ Cafe-in-the-Park cordially invites you to dinner during our Indonesian Food Promotion. Our daily Buffet Dinner with its
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  • Page 10 Miscellaneous
    • 25 10 "feS—P€> F* mPTT'Te.R OF Ppcn* 1 D\D PS* NOu TO PUT Tm«c*JGh IC, pneSSRS myi£S f*o guDGC BUT IT U3P>S fiN HOUP F»NGO r p
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    • 1327 10 w sm mm d 12 7.25 PM Opening ond Programme Highlights followed by Carol Burnett And Friends. In tonight's episode, Steve Martin and Betty White appear as guests. 8.00 The Yellow River The Underground Dwellers: The expedition team arrives at the northern part of Shaonxi Province to film the re-building
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  • Page 11 Advertisements
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  • Page 11 Miscellaneous
    • 672 11 tohkhjke mmmim CRYPTIC PUZZLE ACROSS 3 She needn't be hopeless or uncharitable (5) 8 How to get a sharp picture of us, possibly outside (5) 10 Splendid brew of lager (5) 11 Where to get a drink and some chocolate (3) 12 Loosened up and cancelled a performance? (5) 13
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  • SPORTS & LEISURE
    • 618 12  -  THOMAS AND ÜBER CUPS TAKE OFF From SHIRISH NADKARNI in Kuala Lumpur ERLAND KOPS, manager of the Danish Thomas and Über Cup squads for the 1988 competition, has a superb sense of timing. His intelligent reading of the strengths and weaknesses of the rival teams
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    • 495 12 SLAUGHTER of the innocents. That is how one is tempted to describe Indonesia's matches against Sweden in the Thomas Cup, and versus host Malaysia in the Über Cup. A crowd of around 9,000 at the Stadium Negara watched the 1986 runners-up in both the international badminton team
      495 words
    • 298 13 AP AMERICAN Eddie Lawson finished first in Sunday's 500 cc motorcycle race at the Imola track while Dominique Sarron of France won the 250 cc race and Jorge Martinez of Spain captured top spot in the 80cc race Lawson. riding a Yamaha, finished the
      AP  -  298 words
    • 274 13 UPI THREE-TIME Indianapolis 500 winner Johnny Rutherford and Stan Fox led Sunday's final qualifiers for the 72nd Indianapolis 500. Rutherford ended two weeks of frustration by making the field for his 24th Indy race, qualifying his Lo-la-Buick at 335.456 kph on its
      UPI  -  274 words
    • 314 13 AP TRAINER Louie Roussel displayed the signed scratch card on Sunday as a souvenir of Risen Star s victory in the Preakness The card, which would have declared Risen Star out of the race on Saturday, stayed in Roussel's pocket as the muddy Pimlico track
      AP  -  314 words
    • 176 13 AP LARRY BIRD scored 20 of his 34 points in the fourth quarter and the Boston Celtics continued their tradition of seventh-game NBA playoff success on Sunday with a 118-116 victory over the Atlanta Hawks Bird was 9-for-10 from the field in the tense final
      AP  -  176 words
    • 321 13  -  By CHARLES SAVAGE WITHIN THE next three years, Singapore's teenage tennis talent could be consistently winning regional youth championships. This ambitious goal is the task set for the newly-formed SLTA/Puma National Tennis School. The school, a joint venture between the Singapore Lawn Tennis
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    • 423 13 AFP AUSTRALIA'S Great White Shark, Greg Norman, feasted on the European Tour on Sunday when he won the £225,000 Italian Open in Como. The 33-year-old Norman picked up £80,000, £45,000 from the sponsors for turning up and the £35,000 first prize to give the European
      AFP  -  423 words
  • Page 12 Advertisements
    • 862 12 COURVOISIERXO-Where to eat, drink... Grills Greens >- L A choice of 18 salads, five cold cuts, soup, three roasts, eight grills 12 desserts. What more could you ask for? The entire buffet spread is yours for $25.50 per adult $15.00 per child under 12. For lunch only at the nv
      862 words
    • 197 12 French connection The culinary favourites of France are yours to enjoy from May I—3l. 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 M 5-™r d Price, ~t to 10% imw* charge and
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  • Page 13 Advertisements
    • 554 13 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN CCXKSES. PALM For between $26+ and $40+ you can select from our appetiser UInILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And
      554 words
    • 286 13 WHOLE No one else gives you as complete a picture on golf as Par Golf. Where you'll find anything and everything you need to improve your game. From clubs, equipment and accessories, to helpful advice on equipment selection, to tips on playing the game. Play with some of golf's most
      286 words
  • Page 13 Miscellaneous
    • 110 13 Play golf the Sevvy way Chip shots ftf Peter lavWsei M Nrcj Mbiu I RARELY USE A PUTTER FROM OFF THE PUTTIN6 SURFACE WITH A PUTTfR YOU CANNOT PUT ANY V SPIN ON THE BAIL f IT IS SETTER TO CHIP WITH A SEVEN ~BIGHT,OR NINE IRON. THIS WAY YOU
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  • MONEY AND EXCHANGES
    • 1373 14 SINGAPORE: The US dollar closed slightly lower yesterday against major currencies in thin and directionless trading. Sterling firmed on good buying interest and cross trades. In the absence of fresh factors and ahead of holidays in Europe, the dollar remained locked within narrow ranges. The greenback is expected
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    • 85 14 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFfR HIGH LOW 3 months BQ*****X 18.8.88 3.55 3.50 3.48 3.47 6 morrtttt BY*****H 22.9.88 3.63 3.58 3.60 3.60 1 year BY*****Z 23.3.89 3.76 3.71 3.70 3.70 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • 323 14 Asian market ASIAN DOLLAR deposit rates closed little changed yesterday at steady to higher opening levels after quiet trading. Speculation the Fed would raise its discount rate because of inflation pressures stemming from a robust US economy, higher federal funds rate and a sharp rise in commodity prices underpinned sentiment.
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    • 180 14 Indicates the average of the prim* landing rataa of 12 ma|or banks in S'pore Interbank market rates (offer/bid) on May 23 us$ DM SWPC Y«n 7 doy* 7 1/4 7 3/« 3 1/1-3 J 1/4 a 4 3/i 1/4 1 ififh 0 r> 1 •o K 7
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    • 66 14 THE OVERNIGHT money rate fell 14 point to end at 314 per cent yesterday The one and three-month term rates were unchanged while the two-month rose 1/16 point. r SS Interbank rates at 12 noon yesferday: OMW no Ownight 3 1/4 3 1 month 3 5/8 3 1/2
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    • 499 14 EURODOLLAR futures opened yesterday on the Simex with a bearish tone following the weak closing in Chicago. September contract traded mostly around 91.82 and a break of this should signal the next bearish downward move to 91.75 based on technical consideration. However, the September contract remained narrowly traded as
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    • 270 14 Reuter IMM currency futures held inside tight daily ranges and settled narrowly mixed after a slow session of lacklustre trade last Friday. The 0.4 per cent rise in April US consumer prices was close to market estimates and had little impact. But tensions in the Middle East weighed on
      Reuter  -  270 words
    • 1517 14 CURRENCY FUTURES OPTIONS Monday, May 23, 1988 DEUTSCHE MARK (SIMEX) Jun M call* Jun M putt Low M High Low M 54 CA» 55 CA» 56 CA1 57 CA» 58 96A 91 4 59 <7 17 17 25 25 25 60 3A 2 111 61 CAS 210 62 CAB
      1,517 words
  • Page 14 Advertisements
    • 151 14 Keep yourself constantly informed of the latest developments in Japan's Steel industry by regularly subscribing to 3apmst<dt^ JAPAN STEEL JOURNAL, the one and only English daily journal in Japan, supplies quick, accurate and authentic news on principal events in Japan's iron and steel industry. It also closely follows daily price
      151 words
    • 9 14 11l BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106
      9 words

  • BANKING AND FINANCE
    • 619 15 Reuter THE LINK-UP of the Canadian units of Midland Bank PLC and Hongkong Shanghai Banking Corp foreshadows an eventual marriage of the parents, most bankers and analysts say. Both banks decline to confirm this view. However, a full merger following December's 14.9 per cent Midland
      Reuter  -  619 words
    • 290 15 Reuter AS WORLD foreign exchange markets take the dollar, mark and sterling on a roller-coaster ride, investors are looking increasingly to a little-known currency that is giving them a high return on their money. The Norwegian crown may not feature heavily on international trading screens.
      Reuter  -  290 words
    • 249 15 FT STEPHEN MERRETT, the most powerful underwriter at Lloyd s of London, has been unable to close the accounts of the market's biggest insurance syndicate because of uncertainties about its exposure to claims arising mainly from US pollution clean-ups. The syndicate, number 418.
      FT  -  249 words
    • 387 15  -  By DEXTER LEE CITIBANK customers who hold a current-cum-savings account, branded Maxi-Save, will now be paid interest for the whole amount deposited. Previously, these customers only earn interest for amount in excess of $1,000. The move paves the way for
      387 words
    • 868 15  -  National Australia, Westpac raising Asl.3b in the market From FLORENCE CHONG FLUSH WITH huge profits, two leading Australian banks are looking for more overseas and domestic acquisitions. The National Australia Bank and Westpac Banking Corp both launched rights issues last week to raise
      868 words
    • 236 15 Reuter JAPAN'S Finance Ministry is ly to issue 10-year bonds In June, despite market talk to contrary. "We will most likely ask bond underwriting syndicate t6 bid for rights to underwrite mental shares of the new issue, sometime next week,''
      Reuter  -  236 words
  • Page 15 Advertisements
    • 250 15 SINGAPORE A MAJOR INVESTMENT OPPORTUNITY There is no restriction on foreign ownership of commercial property assets in Singapore and no capital gains tax for long term held investments Large hotels very rarely come onto the market in Singapore and this opportunity should not be missed. FOR SALE BY TENDER 1
      250 words
    • 204 15 New Horizons Va SB Creative Alternatives in a Changing World Wako Securities can help you reach your financial goals, no matter how distant they may appear. As specialists in Japanese securities and active participants in the key American and European markets, Wako offers a complete line of underwriting and investment
      204 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4722 16 LACK OF BUYING interest in the local stock market and bearish sentiment following the sharp drop in the Tokyo market led to a bigger than usual drop of 9.23 points in the Straits Times Industrial Index yesterday. The market opened weak with the
      4,722 words
  • Page 16 Advertisements

  • COMPANY NEWS
    • 382 17  -  By ELAINE KOH MICHAEL TAYLOR, chief manager of the Standard Chartered Bank in Singapore, will be leaving the republic on June 15, for the United Kingdom. According to a Standard Chartered spokesman, Taylor will be on leave in the UK for the time
      382 words
    • 157 17 MBT PLANTATION group Kuala Lum-pur-Kepong has reported a 40 per cent increase in its latest interim earnings thanks to the overall improvement in commodity prices and to better contributions from associate companies. According to its unaudited results for the six months ended March 31, 1988,
      MBT  -  157 words
    • 372 17 SHIPPING MAGNATE Sir YueKong Pao's proposed takeover bid for the shares of Marco Polo has finally become unconditional now that his company owns more than 50 per cent of the hotel's shares. This follows almost three weeks of buying of the hotel's
      372 words
    • 440 17 Exchange expected to approve listing by end of June MBT IPOH-BASED property developer IGB Corp is all set to float its Australian subsidiary, Ipoh Garden Bhd (Australia) by the end of July. Sources say IGB (Australia) has already applied for listing
      MBT  -  440 words
    • 300 17 CHEMICAL INDUSTRIES (Far East) Ltd. which posted a much improved set of results for the year ended March 1988, has proposed a one-for-five bonus issue. The directors are also recommending a net first and final dividend of 10.05 per cent (8.375 per cent previously).
      300 words
    • 245 17 INDEPENDENT DIRECTORS of Berjaya Corp (M) Bhd the major shareholder of South Pacific Textile Industries Bhd (SPTI) have advised shareholders to approve its general cash offer for the remaining shares in SPTI at MJ4.04 a share at its extraordinary general
      245 words
    • 3423 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
      3,423 words
    • 237 17 MALAYSIA BUILDING SOCIETY Berhad: 18th AGM at the Board Room, 12th Floor. Wisma MBSB. 48 Jalan Oungun, Oamansara Heights. ***** Kuala Lumpur. today. May 24. at 11 30am. BATU LINTANG RUBBER COMPANY Berhad: 64th AGM at Santubong Room, Holiday Inn. Jalan Tunku Abdul Rahman, Kuching. Sarawak, tomorrow. May
      237 words
    • 199 17 MALAYAN United Manufacturing Bhd's subsidiary, MUI-Australia Pty Ltd. has bought 13.4 per cent of an Australian media, entertainment and tourism company. MUM announced yesterday that MUI-Australia bought 2,903,000 shares of United Media Ltd at an average of A 16.5 cents per share
      199 words
    • 205 17 HOTEL GRAND CENTRAL, whose earnings dropped for the fifth straight year in 1987. has sold the remaining two apartment units at Siglap Court last year. According to its latest annual report, the property division of the hotel group posted a deficit of $76,006 in 1987,
      205 words
    • COMPANY BRIEFS
      • 48 17 SINGAPORE AIRLINES Ltd's first and final ordinary gross dividend of 15 cents per share will be paid on August 6 and the books will be closed on July 28. The shares will be traded and quoted ex-dividend on July 15.
        48 words
      • 51 17 LION CORP Bhd's first and final dividend of 4% (tax exempt) and 2% less 40% Malaysian income tax will be paid on July 25 and the books will be closed on Jun 18 The shares will be traded and quoted ex-divi-dend on June
        51 words
      • 39 17 BOLTON PROPERTIES Bhd shares will be traded and quoted ex-dividend on June 10. The company is offering a first and final gross dividend of 3% and the books will be closed on June 24.
        39 words
    • 283 17 Managers' prices Jopon G' Fund 159 164* for May 24 Shenton Thrift Fund 081 081 Singapore Unit Trust (JOB Management The Co*m*'C« 092 096* Unifund 084 084 The Savngs Fund 081 087 Unibond 1 005 103 S po'e Prog Fund S po'e Sec Fund 03V 064 043 069
      283 words
  • Page 17 Advertisements
    • 123 17 [ScfP Knight Frank Cheong Hock Chye Sl Bailiieu FOR SALE BY TENDER SEKLENE HOUSE 25 Delta Road, Singapore 0316 A Quality Industrial Investment in Singapore Minutes from the Central Business District, it offers a strategic location for companies with distribution networks in and around the City area. New 10-storey building
      123 words

  • REGIONAL MARKETS
    • 430 18 Reuter MAJOR LENDING institutions are pressing Indonesia to take further action to revamp its infant stock exchange. 1 The Manila-based Asian Development Bank and the World Bank have told the government additional measures are needed to invigorate the tiny existing exchange and get a
      Reuter  -  430 words
    • 190 18 Reuter ONE OF HONGKONG'S oldest landmarks, the 86-year-old Ohel-Leah synagogue, is to be demolished and replaced by two skyscraper apartment blocks. The multi-million dollar redevelopment has been approved by the Commonwealth's Chief Rabbi, Lord Immanuel Jakobovits, after a bitter two-year battle between the synagogue s
      Reuter  -  190 words
    • 59 18 Reuter FIVE JAPANESE steel companies will start discussing how to cooperate in a Chinese project to set up a steel plant, a Nippon Steel Corp spokesman has said. The companies are Nippon Steel, Nippon Kokan KK, Kawasaki Steel Corp, Kobe Steel Ltd and Sumitomo Metal Industries. The
      Reuter  -  59 words
    • 169 18 Reuter HITACHI Ltd is seeking compensation from South Korea's Samsung Semiconductor and Telecommunications Co for infringing Hitachi patents on 64 kilobit and 256 kilobit dynamic random access memory (DRAM) microchips, an Hitachi spokesman in Tokyo said. The technology involved is hardly state-of-the art.
      Reuter  -  169 words
    • 2963 18 A LACK of buying interest saw share prices slip lower on the Kuala Lumpur stock market yesterday. Losses were mostly marginal but selected plantation stocks were dealt higher. United Engineers Malaysia (UEM) was still the centre of attraction. It opened six cents down at M
      2,963 words
    • 1398 18 Hongkong HONGKONG STOCKS closed barely changed in thin trading yesterday, reflecting a lack of fresh incentives, brokers said. The Hang Seng Index edged down 1.01 to 2,490.23 and the broaderbased Hong Kong Index was off 0.32 to 1,645.20. Turnover shrank to HK5435.81 million from HK5757.14 million last Friday.
      1,398 words
    • 110 18 Reuter HONGKONG billionaire Li Ka-Shing and Vancouver financier Samuel Belzberg are among the bidders for parts of the British Columbia Hydro and Power Corp, the British Columbia provincial government said. BC Hydro is a Canadian government-owned utility with annual revenues of about Cs2 billion. The government
      Reuter  -  110 words
    • 517 18 Reuter TOKYO share prices closed down yesterday due to continued investor squeamishness about an unsettling upward trend in US interest rates, although the index was rescued from lows by technical bargain-hunting, brokers said. "People are waiting for things to settle down overseas,'' said a broker. "Until then, sentiment will
      Reuter  -  517 words
    • 450 18 Reuter THE AUSTRALIAN share market closed slightly firmer yesterday in quiet trading, with demand for mining stocks offsetting a mixed industrial sector. Brokers commented that signals from offshore last week were not encouraging, but investors were unwilling to sell because they were expecting good news from the federal government's
      Reuter  -  450 words
    • 162 18 Reuter THE SECURITIES Exchange of Thailand Index fell 4.33 to 419.77 on a turnover of 4.184.093 shares worth 496.54 million baht. Reuter MAT n BANT Ao Kham Thai 246 4 Ayudhya Invaatmant 400 -4 Bangkok Aground 131 -5 Bangkok Bank 323 -2 Bank Of Ayudhya 362 Charoong Thai Wtra
      Reuter  -  162 words
    • 257 18 MAY a NT 1 1*014 -35 -23 •3 <4 •1.4 •29 KoMn Kuochan Daw Laa Chang Yuan 44 60 57 00 57 50 -27 -2.5 ■4 AII SMncvi* inom Asia Camant 79 00 Ltan Hwa Indua Nan Ya Ptaa 69 50 77 00 -4 -4 Chaag Hwa Bank Chang
      257 words
    • 91 18 MAY 23 0 •t*os *b m Ooantal 8 0 044 -0 001 Anglo PhM 0011 unch Phil OvwMaa 0035 uncfi Apai Mining 8 AtlaaCon B 0 038 2475 unch 125 Ptcop B PLOT ISO 2 Baguio Gold Baa*c Patrotaum 0 018 0 001 San MiguaJ B Saa«'om 184 0
      91 words
  • Page 18 Advertisements
    • 175 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KHENG LUCK RESTAURANT PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice Is hereby given pursuant to Section 308(1) of the Companies Act, Cap. 50 that a Final General Meeting of the members of
      175 words
    • 165 18 OFFICIAL NOTICE Proposal To Change A Ship's Name Notice is hereby given that in view of the purchase of a ship by our clients, Weatherfine Shipping Pte. Ltd., we have applied to the Director of Marine under Section 386 of the Merchant Shipping Act (Cap. 179) in respect of the
      165 words
    • 165 18 OFFICIAL NOTICE Proposal To Change A Ship's Name Notice is hereby given that in view of purchase of a ship by our clients, Weatherfine Shipping Pte. Ltd., we have applied to the Director of Marine under Section 386 of the Merchant Shipping Act (Cap. 179) in respect of the Ship
      165 words
    • 74 18 RADIANT ENGINEERING (S) 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 585 North Bridge Road #14-05, Blanco Court, Singapore 0718 on Fttday, 24th June 1988
      74 words

  • INTERNATIONAL COMPANY NEWS
    • 358 19 Reuter TEXACO INC and Carl Icahn are discussing the timing and amount of a share repurchase and special dividend to end the investor's proxy fight for five board seats, sources close to the talks said in New York last week.
      Reuter  -  358 words
    • 324 19 NYT MOTOWN RECORDS, once known as the premier record company for black American artistes, may soon be sold, wellplaced industry experts said last Saturday. According to the sources. MCA Records and Boston Ventures, an investment banking firm, are negotiating to
      NYT  -  324 words
    • 173 19 Reuter SOFT-DRINK GIANTS Seven-Up and Dr Pepper announced the completion of a billion-dollar merger on Sunday that makes Prudential-Bache Securities Inc a major partner in the new company. A joint statement said the new company was called Dr Pepper/Seven-Up Companies Inc and that
      Reuter  -  173 words
    • 678 19 Economists cite worries over higher taxes, rates Reuter LAST WEEK, it seemed as if dealers in financial markets got everything they have been hoping for since the crash of 1987. They reacted by selling stocks. Economists say the glum reaction to news
      Reuter  -  678 words
    • 888 19 NYT COMMON stockholders have generally received higher returns from American electric and telephone utilities over the last 16 years than from unregulated industrial corporations, a study by the National Association of Regulatory Utility Commissioners has found. The group a Washingtonbased association of
      NYT  -  888 words
    • 458 19 AP PROGRAM TRADING, a prime target of Wall Street s post-crash scapegoat searchers, received two key defences last week, one from Federal Reserve chairman Alan Greenspan and the other from the market's own behaviour. Mr Greenspan's endorsement of the computerised trading strategy convinced
      AP  -  458 words
    • 131 19 HONGKONG Hongkong Index Monday 645 20 Friday >645 52 Week ogo .677 21 All Industrials Monday 2.335 9 Friday 2.337 3 Week ogo 2 309 9 NEW YORK Hang Seng Index Monday 2.***** Friday 2.491 24 Week ogo 2.***** Dow Jones Friday 1.952 59 Thursdoy 1.958 72 Week
      131 words
    • 109 19 AFP BRITISH AIRWAYS is planning to sell its 50-per-cent holding in Cal Air, the charter subsidiary of British Caledonian, the Sunday Times reported in London without naming sources BA took control of BCal five months ago. Carrying over a million passengers in 1906. Cal Air
      AFP  -  109 words
  • Page 19 Advertisements
    • 179 19 A® JWHi noy x s»v»»" Pi -ANNED <£\9*** 'T,u„ .^'»n 8 ~4ga r ™*'s!.' rsr BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's
      179 words
    • 51 19 REGIONAL MANAGER required by a US Multi-National Corporation to head its Singapore Regional Office. We are looking for candidates with: MBA or University Graduate with Engineering background Minimum 10 years in Management Position Good written spoken English and Chinese Please write to: EM KAY INC 133 Cecil Street #10-03 Singapore
      51 words

  • 571 20  -  Rocky start to US relations with Singapore's new guard By MARTIN SOONG THE RECENTLY revealed US attempt to swing politics away from the ruling People's Action Party government has got Washington off to a rocky start with Singapore's second generation
    571 words
  • 225 20 FOREIGNERS are free to discuss domestic political issues with Singaporeans and to be critical of the government as long as they are not out to incite their listeners to political action, said Mr Goh Chok Tong yesterday. The First Deputy Prime Minister had been
    225 words
  • 533 20 PRIME MINISTER Lee Kuan Yew is demanding a printed retraction and apology from former president Devan Nair for alleging that Mr Lee had acted in an identical manner to ex-Solicitor-General Francis Seow in conspiring with foreign governments against an established state. Lee Lee, Mr Lee
    533 words
  • 156 20 FORMER president Devan Nair should help groom younger leaders instead of harbouring bitterness against the government. Mr Ong Teng Cheong says. The Secretary-General of the National Trades Union Congress said yesterday that he felt sorry, rather than angry, about Mr
    156 words
  • 259 20 AFP THE HIGH COURT yesterday reserved judgment on habeas corpus pleas by three people detained under the Internal Security Act for their roles in a Marxist plot against the .government. Justice Lai Kew Chai gave no date for his verdict but said he would
    AFP  -  259 words
  • 364 20 UPI PHILIPPINE SENATORS, backing down from a tough anti-Ameri-can stand, agreed in principle yesterday to amend a bill banning nuclear weapons in the Philippines and allow entry to nuclear-powered vessels, a senator said. Senator Wigberto Tanada said the Upper House made the decision
    UPI  -  364 words
  • 202 20 AFP INDONESIA hopes to be able to host an informal meeting between the warring Cambodian factions in July, State Secretary Murdiono said yesterday. "If everything went smoothly, the Jakarta meeting could be held in July," Mr Murdiono told reporters in Jakarta. Foreign Minister
    AFP  -  202 words
  • 97 20 Reuter COMEX GOLD futures, after spiking up on sympathetic buying from platinum, retreated to the lows yesterday on selling by commission houses in anticipation of weakness in Chicago grains. In early morning, June gold pulled out of a high of U*****.20 an ounce to trade at
    Reuter  -  97 words
  • LATE FILE
    • 45 20 Reuter INDONESIA and Spain yesterday agreed to jointly market aircraft in the US and discussed cooperation in agriculture. energy and tourism. Spanish Prime Minister Felipe Gonzalez, on a threeday visit to Indonesia, had two hours of talks with Indonesian President Suharto.
      Reuter  -  45 words
    • 34 20 UPI A US$2BO million computer chip manufacturing plant jointly owned by Toshiba Corp of Japan and Motorola Irvc of the United States started operations in northern Japan yesterday. UPI
      UPI  -  34 words
    • 31 20 Reuter A CONSORTIUM of US. Japanese. French and Indian banks will arrange a US$l5O million 10-year loan for Air India to refinance previous loans, bankers said.
      Reuter  -  31 words
    • 35 20 AP SOUTH KOREAN STUDENTS hurling firebombs and rocks stormed three police stations yesterday in the southern city of Kwangju, and thousands of protesters battled riot police firing tear gas. AP
      AP  -  35 words
    • 25 20 SABAH police shot dead eight men armed with parangs who tried to attack the Sandakan division police headquarters at about 3am yesterday.
      25 words
    • 49 20 Bernama THE MALAYSIAN public prosecutor yesterday withdrew a charge of criminal breach of trust involving Msl million against former deputy youth and sports minister Wang Choon Wing and former MCA youth chief Kee Yong Wee who are now in jail for other CBT offences.
      Bernama  -  49 words
    • 46 20 AFP CZECHOSLOVAKIA'S Communist Party chief Milos Jakes began an official visit in Beijing yesterday, sealing the normalisation of relations between China and the Eastern Bloc, observers said. Mr Jakes is the guest of Chinese Communist Party Secretary General Zhao Ziyang. AFP
      AFP  -  46 words
  • Page 20 Advertisements
    • 104 20 STYLE '89 Fabrics G< (TRADE ONI May 25th to 27t at the Centura Q£AM Fabrics Garments Accessories (TRADE ONLY) May 25th to 27th, 1988, 2.00 p.m. to 6.30 p.m. at the Century- Park Sheraton a k SingajKire (9th Floor) The Austrian Trade Commissioner Tanglin P.O. Box 238 Singapore 9124 Participating
      104 words
    • 96 20 No glimm«r of hop* yot, Pago 11 A Strong Bond.*, Giving a Caran d'Ache pen to your business associates shows your "savoir faire" and much more. Its usefulness brings genuine enjoyment a gift the receiver will appreciate. Discretely enhanced with your company name or logo, engraved or with a medallion,
      96 words

  • SHIPPING TIMES
    • 377 21  -  By JUNE LIM THE SINGAPORE-Bangladesh service backed by engineering and construction specialist, L M Group, will be launched in mid-June. Initially it will be provided fortnightly using the 340-TEU LM First Lady, built in 1975 and acquired at a cost of
      377 words
    • 291 21 Reuter OMAN'S Coast Guard has advised all unescorted tankers to stay clear of the Strait of Hormuz between Iran and Oman to avoid Iranian gunboats, shipping sources said. The Coast Guard also warned the Iranian Navy to stay out of Omani waters
      Reuter  -  291 words
    • PORTSIDES
      • 75 21 KEPPEL SHIPYARD has received a generous training grant of about $400,000 from the Skills Development Fund for the training of apprentices and trainees. The grant is for the "off-the-job" training of 27 apprentices and 87 trainees during the period between 1983 and 1986. The
        75 words
      • 66 21 THE AUSTRALIA-New Zealand Direct Line has entered into a five-year agreement with Eagle Marine Services, the APL stevedoring firm, to use the APL facility for containers in Oakland. The first call at the terminal was made by the Lillooet, a ro-ro ship carrying 280
        66 words
      • 149 21 Lloyd's List SECURITY at Colombo port is to be intensified following intelligence reports that it might be a target for a terrorist offensive, port officials said. National Security Minister Lalith Athulathmudali told port officials to conduct "overall security drills" frequently at the Port of Colombo because
        Lloyd's List  -  149 words
    • 162 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"Xine Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipoing ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd Lines
      162 words
    • 147 22 THE ROYAL River Hotel of Thailand plans to invest 15 million baht in a luxury river vessel for cruises along the Chao Phraya river. General manager Chalermpol Mahuttikarn told the Bangkok Post the hotel had contracted Technotic Co to construct the vessel. The
      147 words
    • 363 22 SWEDISH shipowners plan to reduce the crew size on their Swedish registered ships by 40 per cent. This is the result ot a study carried out by the Swedish Shipowners' Association together with the International Management Consulting Company. H B Maynard
      363 words
    • 144 22 AFP THE FIFTEENTH Indonesian fishing vessel apprehended off Western Australia this year was being towed to Darwin in the Northern Territory by an Australian Navy patrol boat, the military said. The unidentified Indonesian vessel was intercepted on Saturday at Ashmore Reef, northwest of the
      AFP  -  144 words
    • 781 22 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
      781 words
    • 365 22  -  From KINGSLEY WOOD A BREAKTHROUGH between Williamstown Dockyard management and unions could end a dispute that has shut the yard since midMarch. The Arbitration Commission in Melbourne has accepted the terms of a two-week timetable for unions and the Australian
      365 words
    • 67 22 LEBANESE FORCES in East Beirut and the London-based International Maritime Bureau reported their first success in combating cargo thefts. They have recovered part of a cargo of cocoa beans worth U*****,000 for a Swiss importer several months after the ship was diverted to Lebanon. The
      67 words
    • 509 23 Reuter WORLDSCALE nominal freight rates used for long voyage tanker chartering will generally fall to 12.4 per cent, reflecting lower bunker prices, when the current worldscale schedule is revised on July 1 1988. the Worldscale Association (London) said. The new rates,
      Reuter  -  509 words
    • 781 23 Reuter SOUTH KOREA, which built no boats bigger than fishing trawlers a little over a decade ago, is going full speed ahead with ambitions to replace Japan as the world's biggest shipbuilder in the next few years. "Japan, for
      Reuter  -  781 words
    • 264 23 AFP THE WEEK featured renewed violence and attacks on vessels in the Gulf and raised fears of further attacks on neutral shipping in that area, London brokers E A Gibson say in their latest report. Very large crude carriers (VLCCs) in the Gulf enjoyed good demand, but with
      AFP  -  264 words
    • 223 23  -  From Kingsley Wood THE UN agency. Economic and Social Commission for Asia and the Pacific (Escap). in conjunction with the Australian Association of Port and Marine Authorities (Aapma), has begun a series of major shipping conference in Fremantle. The five-day conference. which ends on Friday.
      223 words
    • 70 23 Reuter MITSUI Engineering and Shipbuilding Co Ltd has nominated a senior mab-J aging director, Yasuns- Ishi-I, 61, as new president of the compapy: a company spokesman said. The current president, Isshi Suenaga, 64, is esc-, pected to become an adr viser to the company. r The
      Reuter  -  70 words
    • 7887 28 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      7,887 words
    • 1083 30 CHARTERING on the London shipping freights market was generally quiet on Friday and. although confirmed bookings tended to be at steady rates, there were unconfirmed reports of lower rates being paid on some major trading routes In the grain sector Chinese charterers paid a steady US$3l for 30.000
      1,083 words
  • Page 21 Advertisements
    • 807 21 TIMES STP Distributors OOCL Orient Oveiqem Cmtumt Line WW/ «gents JARDINE SHIPPING AGENCIES (Reg No 242K4/ 00K) 200 Cantonment Road #12 OS Southooint. Singapore 0208 TH *****11 TELEX NO RS ***** TERMINAL,CFS Tel *****18 220 BOOKINGS Tel *****34 235 PCSAM JARDINE SHIPPING AGENCIES SON BHD. PORT KELANG TEL; *****18 Teiei
      807 words
    • 104 21 mm SWEDISH shipowners plan to reduce the crew size on their Swedish registered ships by 40 per cent. This is the result of a study carried out by the Swedish Shipowners' Association together with the International Management Consulting Company, H B Maynard Co Ltd from London. Page II WORLDSCALE nominal
      104 words
    • 682 21 FESCO LINES IT FAR-EASTERN a SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 m MAERSK LINE MAERSK LINE FIRST CARRIER TO RUN DOUBLE-STACK TRAIN TO CANADA SIN/TORONTO: 1} DATS!! To Europe UK Scandinavia Finland This ««k Anders M
      682 words

  • Page 22 Advertisements
    • 583 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BfIEMERHAVEN ROTTERDAM/ ANTWERP aj LIVERPOOL BAY 87/545 25/5 Z7/5 IZ/B 14/0 'WO LARGS BAY 09/544 30/5 1/6 18/6 20/6 22/6 23/6 HONG XONG EXPRESS 83/546 4/6 6/6 22/6 24/6 26/6 27/6 CARDIGAN BAY 84/549 13/6 15/6 3/7 5/7 7/7 8/7
      583 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 350 22 AmTransI AMERICAN TRANSPORT LINES, INC. BY FEEDER VESSEL ACCEPTING CARGO TO ATLANTA. SA VAN NAM. BALTIMORE. MAM. TAMPA. OTHER U.S. EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA: CRISTOBAL, PUERTO CABELLO. SANTOS. RIO GRANDE PARANAGUA. RIO DE JANEIRO. BUENOS AIRES. OTHER PORTS ON REQUEST. TO CARIBBEAN PUERTO
      350 words

  • Page 23 Advertisements
    • 1023 23 PEGASUS PROGRESS VS3IN 01-C Jun 04-05 Jim PEGASUS PROGRESS V537N 10-11 Jun 13-14 Jun BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 SINGAPORE TO SABAH. SARAWAK AND BRUNEI Also Accepting Cargo For: HMkurf I* Coe»<tef«v AjrKu., GoUwnkur|. Mm. S»oc*ho4«. IMwaM. to Antwwe. /umttrttm. 0>l«. UK. Zundi Mm to Bramn SiMltwpliii :to
      1,023 words
    • 676 23 EUROPE ttCECTIW MM TiIHM MM. ME OTNEI UK PMTS M REQUEST General Agent USA/PANAMA uanm camo ti/fmn jfi uul cnl'wa. sav tab. nyc mm ml mm nfi ITH ran H lEwai TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER P. MADISON V 146 NUPTSE Vir P PIERCE VUi 27/5 26/5 27/5
      676 words

  • Page 24 Advertisements
    • 392 24 MSI NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHOAT Singapore 1 /S 30/5 Loading for BANOAR ABBAS BANDAR ABBAS JAPAN/KOREA SERVICE Singapore 30/5 Loading for:JAPAN. KOREA PI KYOWA LINE un SUN UNION LINE KARACHI SERVICE Singapore Loading for:[Till TAIYO MARINE LINE AUSTRALIA
      392 words
    • 537 24 KS IMfi W« I LINE in if* mi c iULIY CONTAIN!RISfO TO PROM NORTH SMfRICA WS' COASi •fM/MOTHER VESSEL KCH 38E/KOREAN WONIS ONE 79E KCH 36E/HANJIN POHANG 79E ACD 14E/KOREAN WONIS SEVEN 51E ACO 14E/HANJIN SEOUL ME OCH 59E PACIFIC PROSPERITY 1* OCH 59E HANJIN KUNSAN J2E TWB 42E/HANJIN KWANGYANG
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    • 339 24 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY MADRAS: ETA 5/6 EURO-AFRICA SERVICES FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL U.S.A. PAPUA NEW GUINEA PORT MORESBY, RABUAL, LAE MADANG NEW CALEDONIA NOUMEA 2/6 FIJI ISLANDS SUVA/LAUTOKA 2/6 AUSTRALIA/ NEW
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    • 901 24 W Teas EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVE* GAINING EVER GUEST EVER GROUP EVER GIVEN EVER GROWTH KLC °SK TYO KSN CHS BAL NYC IMV ANN ROM FIX HBG SGP 27* 31/5 1/6 3* 4* S/6 12* IP ifl 7/7 g/7 17/7 XS/7 I*7 2*7 21/7 12/1
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  • Page 25 Advertisements
    • 807 25 PACIFIC INTERNATIONAL LINES \V*\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE SIN 2ft/5 29/5 2/6 4/6 SIN SBY SMG SIN SLD 26/5 2S/5 31/5 29/5 2/1 4/6 7/6 4/6 9/6 13/6 12/6 16/6 16/6 21/6 VESSEL SEA
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    • 430 25 Irt BEN LINE CONTAINERS T EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO L TO/FROM PENANG AND EAST MALAYSIAN PORTS a TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE HKG NOUMEA SUVA AKI In Ft
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    • 498 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PORE BILBAO ANTWERP H BURG/ RDAM/ADAM BREMEN PALEMBANG/9WB 10-13/6 12/7 15/7 MATARAM/21WB 30/6-3/7 27/7 1/8 to Inducement. Also accepting cargo to Casablanca, Port
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    • 432 25 BOUSTEAD SHIPPING AGENCIES ffefe. BURMA FIVE STAR SHIPPIN6 CORPORATION (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok MYOMAYWA VllO 3/5 Jun a Jor PAGAN Via 2/4 Jun PA-AN VI2SW 4/5 Jun BANK LINE SEMI-CONTAINER SFRVirr NORTHBOUND TO UKC MORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA VI3N SPORE ROAM HULL
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  • Page 26 Advertisements
    • 1002 26 KAWASAKI KISEN KAISHA, LTD. X'lins N. AMERICA-ATLANTIC COAST AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR FEEDER VESSEL AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR FEEDER VESSEL SEVEN SEAS BRIDGE KOREAN CHANCE ACE CONCORD ORIENTAL CHIEF MOTHER VESSEL VOY LA/LB MANHATTAN BRIDGE 12 18/6 HENRY HUDSON BRIDGE 14 26/6
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    • 648 26 'M INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Haldia Calcutta Madras Madras Calcutta Calcutta Kandlai Bombay fCoclwn Calcutta /Madras Hid Calcutta Cbo/Madras Calcutta/Ma* as Kandta/Bonbay/Cochin Calcutta/Madras Bomhae Icutta CboMadra Hid/Calcutta Calcutta/Madras INDIA/JAPAN/INDIA SERVICE Accepting FCL Containers and Conventional Cargo Also accepts Metals A Steel Products Singapore P Ketang Penang Loading
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    • 709 26 GOLDEN LINE 5> ttV GUAN GUAN SHIPPING (PTE) LTD tl T»|~h A vM C( r u( SINGAPORE 0104 TEL &343W (10 LINES) Fu *****4 STRAITS/PERSIAN GULF SERVICE: S'pore P Kelang Penjng GOLOCN BEAR Colombo, Karachi/Dubai 27/21 May GOLDEN HARVEST Colombo/Karachi Dubai l/S June CHINA SERVICE BAI TUN SHAN Xiamen Shanghai
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    • 499 26 tsa PHIU Oni€NT LIN€S PTC LTD HEAD OFFICE 63 ROBINSON ROAD >07 1? AFRO ASIA BUILDING. SINGAPORE 0105 TELEX RS ***** PHIU fA* *****76 EAST/FA* EAST Fa ft LCI SStVIK ETA SINGAPORE DESTINATION 27/5. 31/5 M w JEDOAH (LCL) 23E25 NEW GENLORD liM'M LATTAKIA BENGHAZI. ALGIER TRIPOLI. ALEXANDRIA PORT SAID.
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  • Page 27 Advertisements
    • 742 27 NEPTUNE ORIENT LINES LTD Spore NEPTUNE AGENCIES PTE LTD. Ft General Enquiries: Tel: *****77 T.I No Terminal CFS BOOKINGS *****22 *****53 PKelang NEPLINE SON. BHD *****07 K Lumpur NEPLINE SON BHD 2****** Penang NEPLINE SDN. BHD. *****5#27«80#27(61#7T662 J Bahru NEPLINE SDN BHD *****0/*****1 FE EU/AUST TPA/SEA *****53 27*57*2 *****1) *****1
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    • 471 27 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE WEFJUNE BUSAN I SINGAPORE 10 DAYS SERVICE CALLING INCHON DIRECTLY ON 15/06 S PORE ACtNTS NEPTUNE AGENCIES PTE LTD Tel *****73 *****71 *****61 *****10 *****22 (Operations) 2222*87 (Terminal) *****50 *****04 (CFS) MALAYSIA AGENTS
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    • 678 27 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 Penjnj Street. Penang. Malays* M/S HANDLING SYSTEM CO SON
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  • Page 28 Advertisements
    • 309 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 i3O Lines' FAX *****39 *****76 TELEX RS ***** A B SSCWA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE RUHLAND 4/88 1/S 117I 17 6 RUEBELAND 5« |29/6 I— 116/7 2HE3I "VIA COLOMBO: Accepting cargo for
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  • Page 28 Miscellaneous
    • 192 28 Regional Weather VM <A m s *4 i w> k si 1 27 o3 r* fcey a K i kvS s 3U /fc ss 2£a '.Ar i tiS m £5 fV« C Wiw Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May
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  • Page 29 Advertisements
    • 488 29 <? F4fiGo SHIPPING CO¥PANY(PTE)LTD. N0.15 Hoe Chiang Road »13-02 Sanford Building. Singapore 0208 Tel: *****22 Tlx ***** FASCO ABC CONTAINERIZE N.V. WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: ELLHI HUDI6 201 ETA 20/5/00 Only 7 days to Fremantle Only 12 days to Melbourne Only 15 days
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    • 283 29 £SP SHIPPING AGENCIES PTE.. LID. Tel: *****66 (16 Lines) Fa* *****15 LCL FIXED TWICE WEEKLY CONSOL U\ ill ICI FIXED CONSOLIDATION TO:CHINA, HONG KONG, BANGKOK, KEELUNG, KAOSHIUNG, KOBE, MANILA, BUSAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MELB, KARACHI, CHITTAGONG, LEGHORN, JAKARTA, NAGOYA, GOTHERBUBG. AIL EUROPE BASE
      283 words
    • 1084 29 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. [E IRAQI LINE I) IRIQ I f Hr«iS( MAMITIMf TRA«J»C«T WEST BOUND SERVICE ETA S PORE LOADING FOR MV *o*o AL ZAHRAA In Port Hodffdah icckUh. Aoaba MV RORO BAIQEES in Port Hodeidah JwkUh Atpba MV BABYLON 20* Hodeidah Jtddah Ao*tu THROUGH B/Lt to
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  • Page 30 Advertisements
    • 301 30 Hai Sun Hup Co (Pte) Ltd L_l TEL *****06 (20 Lines) TLX RS ***** RS ***** t)! \s K\ (\K I I \l K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! ASIAN CLIPPER MATSUYAMA NAGOYA 58 S'pore P. Kelang 'Subject to cargo inducement NOTE: ALSO CALLING OTHER
      301 words
    • 598 30 F O R RELIABLE and fast transit WEEKLY FCL SERVICE TO USA-EAST COAST/CULF/CANAOA/«£X»CO AND FRENCH WEST INDIES VSI Sport LeHjvrt Connactinf VSI NCO. DfJIMA VIC 30/5 U* NUOMKG ATI B SURIA Vln m SELANDIA VIC 13* STUTT6ART EXP. OUSSELDOKF EXP. For Halifax, Montreal Toronto, New York, Baltimore. Portsmouth, Norfolk, Savannah
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    • 639 30 *****53/*****11 04-*****2/4, *****3 •07-*****8 •07-*****3, *****5. *****0, *****1 <02-*****22 *****88 [ml], CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE 1 K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANC 447 BUTANC 449 B BUTANC 453 OTHER DESTINATIONS AARHUS. AMSTERDAM, ANTWERP. BASLE BREMEN BBEMCRHAVEN. COPENHAGEN.
      639 words