The Business Times, 31 May 1988
1988-05-31
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The Business Times
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Title Section11 1988-05-31 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, MAY 31, 1988 75 CENTS11 words
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Article323 1988-05-31 1 Dollar hits year's high against mark THE US DOLLAR gained in Tokyo and then rallied across the board at the opening of the European foreign exchanges yesterday. Speculation that the US interest rates may rise helped push the dollar to its highest level of the year against323 words
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Article, Illustration579 1988-05-31 1 CHUANG PECK MING - Baby boom in Dragon Year means need for more temps By CHUANG PECK MING THE DRAGON YEAR is proving to be a double blessing for those in the business of filling temporary job vacancies: not only are they, like those in other sectors, riding the579 words
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418 1988-05-31 1 Agencies ARMS CONTROL moved to the top of the agenda at the second round of the Moscow summit yesterday, with US officials expecting President Reagan and Soviet leader Mikhail Gorbachev to sign at least one minor arms control accord. Mr ReaganAgencies - 418 words
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101 1988-05-31 1 Reuter PRIME MINISTER Noboru Takeshita left Japan yesterday for a 10-day trip during which he will address the United Nations, meet President Ronald Reagan after the Moscow summit and hold talks with leaders of three West European countries. Mr Takeshita will tell aReuter - 101 words
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395 1988-05-31 1 AFP, UPI BEIJING IS ANXIOUS to see Chinese leader Deng Xiaopings "one-country, two-system" concept for Hongkong work. British Foreign Secretary Sir Geoffrey Howe said in Hongkong yesterday: "They have the overwhelming incentive of proving that Deng Xiaoping s insight one country,AFP,; UPI - 395 words
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83 1988-05-31 1 Bernama THE ASEAN Economic Ministers Committee on Industry, Minerals and Energy has dismissed allegations that work on the Msls4 million Asean Security Paper Mills (ASPM) project in Sitiawan, Perak has bogged down. Committee chairman Lilia R Bautista said in Manila yesterday the committee wasBernama - 83 words
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Article, Illustration227 1988-05-31 1 LIDO THEATRE may screen its last movie show before too long. Shaw Organisation plans to demolish the theatre and the neighbouring office block, Shaw House, to make better use of the prime site at the junction of Orchard Road227 words
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280 1988-05-31 1 Bernama, Reuter THE MALAYSIAN Prime Minister's department will issue a statement today to clarify the position of Lord President Tun Salleh Abas. Mr Jalaludin Bahaudin, the press secretary to the prime minister, said in Kuala Lumpur yesterday that Datuk Seri DrBernama,; Reuter - 280 words
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Page 1 Advertisements
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Advertisement30 1988-05-31 1 Nikon T»>e tVor/d's Fines( Photogrtphic System Regional Markets, Page 16 IhliU'Ui-HUJuiJln x PALEROMO PERCY Vv Sizes 5 to 11 COLD STORAGE CENTREPOINT 176 ORCHARD ROAD *02-17, SINGAPORE 0923 TELEPHONE *****2530 words
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Advertisement349 1988-05-31 1 Iron Lady on the warpath BRITISH PREMIER Margaret Thatcher seems to be on a crusade to stake out the moral high ground for her right-wing policies. Critics are divided over her motives. Is she seeking a deeper foundation for her political philosophy or is she merely casting about for a349 words
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Advertisement194 1988-05-31 1 Nikon rhe Horld <> Photog'ipH't Snf»m Shipping Timet comes at a separate taction today. Make aura you gat your copy. y "I was so impressed by Singapore, I bought it." With as little as SI ,000 you can now buy a piece of security. Because by investing in Singapore Government194 words
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ASIA-PACIFIC
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399 1988-05-31 2 AP PRESIDENT General Mohammad Zia ul-Haq says a caretaker government will be announced following sweeping dismissals linked to a breakdown in law and order in Pakistan. On Sunday, Zia dissolved the National Assembly, fired his P?ime Minister and dismissed the 33-member Cabinet. Gen Zia announcedAP - 399 words
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116 1988-05-31 2 AFP THE Pakistani rupee's dollar rate has been revised downwards by another five paisa to a record low of 17.70 for spot buying, said sources at the State Bank of Pakistan in Karachi on Sunday. The rupee, which is on a managed float, hasAFP - 116 words
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236 1988-05-31 2 AFP ISLAMABAD hopes that Afghan leader Najibullah will be overthrown by the mujahedeen in the civil war it sees as inevitable after Soviet troops withdraw, Pakistan President Mohammad Zia uK-Haq said on Sunday. "When the Russian troops withdraw, there willAFP - 236 words
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207 1988-05-31 2 Reuter MAIN Pakistani opposition leader Benazir Bhutto has welcomed an announcement that general elections would be held within 90 days. "I am gratified to listen to the unexpected announcement for fresh general elections within 90 days." said Ms Bhutto, leader of theReuter - 207 words
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256 1988-05-31 2 AP THE NEW South Korean National Assembly sporting an opposition majority for the first time yesterday chose a governing party member to serve as assembly speaker, and two opposition members as vice-speakers. President Roh Tae-Woo s Democratic Justice Party remained the largest partyAP - 256 words
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297 1988-05-31 2 AP TAIWAN is replacing the United States and Japan as the principal foreign investor in the Philippines, Trade Secretary Jose Concepcion said yesterday. The government expects foreign investment to grow from US$42O million last year to between US$l billion and US$l.5 billionAP - 297 words
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Article943 1988-05-31 2 ARRIVALS Operator Sorvlco numbtr local Mm* Prom MAS MH630 0920 KUL AC AC888 0925 YYZ/LH8/80M SU $0103 0950 KUL CM 0806 1000 CGK OA CX710 1015 CGK GU GA960 1100 CGK su SOI OS 1105 Km KtA •142 1 1130 »WN SU SO 201 1145 CGK GU943 words
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Page 2 Advertisements
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Advertisement189 1988-05-31 2 Only one first class hotel is smack in the middle. The Crown Prince Hotel. Surrounded by the colourful life and conveniences of Orchard Road. All around, in every direction, there are major shopping centres, offices, banks, post offices, MRT stations and cinemas. There is even a hospital close by. And189 words
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Advertisement58 1988-05-31 2 rTV\TV\\ irnr\ The business person's choice, every I I II 111 I Tuesday. Thursday. Saturday and I 1 II I II II M Sunday. Leaving Changi Airport at JL VVyl 1 JL 22 05 hours and arriving at Lester B Pearson International Airport the following day Coll your Trove! Agent58 words
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REST OF THE WORLD
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221 1988-05-31 3 AP A WHITE HOUSE spokesman •ays ha expects Soviet troops to complete its withdrawal from Afghanistan despite Soviet warnings that the continued shipment of US-bought weapons to anticommunist guerillas there jeopardises the pullout. For three days, the Soviets have been complaining that theAP - 221 words
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248 1988-05-31 3 Reuter AMERICA will see significant improvement in ita trade balance during the coming 18 months, according to a president of one of the US central bank diatricts. "I expect US exports to grow at their current rapid pace with imports diminishing significantly," Robert Parry,Reuter - 248 words
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167 1988-05-31 3 Reuter DRAWN BY bargain shopping with cheap US dollars, foreign tourists are flocking to America, with 11.9 million overseas visitors expected this year, Time magazine reported on Sunday. US officials expect an increase of 1.4 million foreign visitors overReuter - 167 words
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215 1988-05-31 3 Reuter WEST GERMAN Finance Minister Gerhard Stoltenberg said the government envisages a twostage increase in the nation's consumer taxes to raise about 13 billion marks. Interviewed on Deutschlandfunk Radio on Sunday, he also said he expected the government to fulfil its announcedReuter - 215 words
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Article, Illustration447 1988-05-31 3 Agreement on nuclear monitoring project expected to be completed Agencies US STATE DEPARTMENT spokesman Charles Redman said in Moscow that yesterday's talks at the Kremlin between President Ronald Reagan and Soviet Leader Mikhail Gorbachev had begun well, adding that "both sides areAgencies - 447 words
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Article86 1988-05-31 3 AFP ECONOMIC SANCTIONS with which the US has been trying to force out Panamanian strongman General Manuel Antonio Noriega cost the Panamanian economy US$l.5 billion. A report released by the Planning and Economic Policy Ministry in Panama on Sunday said that as a result of theAFP - 86 words
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Page 3 Advertisements
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Advertisement160 1988-05-31 3 An Ancient Practice. 9 Umm It s worn in high places. On high seas, on the peaks of the most challenging mountains, and in the prestigious skyscrapers of Manhattan It tells you the time. In 12-hour cycles. And in 24-hour cycles. It reads the stars for directions. Without A true160 words
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Page 3 Miscellaneous
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Miscellaneous40 1988-05-31 3 Doonesbury YOU 58,8.Q, NO&MMMUSnPNT PR&*CT7HB QUAKER* AW 23. HB PftePtCWPtTFOR MM 27! ANPHOtUPO WO KM*! THIS* m m m BY GARRY TRUDEAU GONGTO TELL MB WHEJHERI PROHSBO* NOKARBfT /N A FORMER. UF£,IUS6P Totmetoz--7RADAMUS I f v > 9 at rC73 HRA40 words
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Page 4 Advertisements
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Advertisement506 1988-05-31 4 In 1986, swaps emerged as one of the hottest new products developed by the investment banks. They also became the most misunderstood. •II While some companies considered them too intricate and exotic for their immediate needs, others (conversely) thought swaps were far too simplistic for their complex long-term strategies. A506 words
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FOCUS
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Article, Illustration709 1988-05-31 5 RICHARD HALLORAN - The burden of arms allies come under scrutiny By RICHARD HALLORAN NYT BY ALMOST every measure, the United States carries a greater military and financial share of the burden for the common defence than does any ally or combination of the nation's allies in Europe and Asia. For decades, thatNYT - 709 words
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Article, Illustration992 1988-05-31 5 LEONARD SILK - With the deficit in the military budget threatening to spiral out of control, the US is faced with the task of taming the deficit without compromising national security. LEONARD SILK examines the options open to the country. The accompanying piece below examines theNYT - 992 words
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Page 5 Advertisements
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Advertisement149 1988-05-31 5 SHANGRI-LA INTERNATIONAL SHANGRI LA EXECUTIVE ACCOMMODATION PLAN CHINA MALAYSIA THAILAND THE EXECUTIVE ACCOMMODATION PLAN OFFERS YOU: Single or twin accommodation at the same special rate Daily breakfast Late check-out of 4pm No pre-payment required Shangn-La Family Plan. No additional charge for child aged 18 years and under occupying the same149 words
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Advertisement162 1988-05-31 5 NCR NCR NCR NCR NCR NCR NCR Asia Commercial Bank is spreading the latest word. NCR NCR NCR NCR NCR NCR As the world's largest supplier of ATMs, we j Asia Commercial Bank is just one of our weren't surprised when Asia Commercial Bank came to us. ACB M customers.162 words
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BANKING AND FINANCE
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Article, Illustration578 1988-05-31 6 Reuter ASSISTANT US Treasury Secretary David Mulford says leading industrial nations are determined to continue intervening in the foreign exchange markets and to coordinate economic policies. "We have a common interest in stable exchange rates and are committed to implementing policies that strengthen theReuter - 578 words
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297 1988-05-31 6 Reuter COMMERZBANK AG's group total operating profit rose sharply in the first four months of 1988. Chief executive Walter Seipp told the annual shareholder meeting in Frankfurt last week: "I am confident that this trend will continue although one cannot extrapolate theReuter - 297 words
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179 1988-05-31 6 Reuter AUSTRALIAN Treasurer Paul Keating says monetary policy will not be tightened any further. "We've tightened monetary policy but as I said on Friday, we're not tightening any further," Mr Keating said on Canberra television on Sunday. In his Friday speech, Mr Keating said: "ThoseReuter - 179 words
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321 1988-05-31 6 AFP THE WORLD BANK is providing a US$l27 million loan to China, and its affiliate agency, the International Development Association (IDA), is providing a credit worth US$5O million to the country. The bank loan will help finance a long-term programmeAFP - 321 words
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536 1988-05-31 6 Reuter THE BANK Of JAPAN is not worried by signs of a slowing in the country's hectic economic growth, although bank officials admit that some of their overseas counterparts are. A senior central bank official said in Tokyo last Friday that theReuter - 536 words
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182 1988-05-31 6 Reuter JAPAN will lend Yugoslavia US$lOO million. Prime Minister Branko Mikulic said in Belgrade on Sunday. Mr Mikulic was quoted by the state news agency, Tanjug, as saying that his recent four-day visit to Japan and talks with Prime Minister Noboru Takeshita represented progressReuter - 182 words
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158 1988-05-31 6 Reuter THE TWO MAJOR remaining restrictions on French companies' foreign exchange operations will be lifted within two or three days, a finance ministry spokesman said in Paris on Sunday. The ceiling on a company's non-franc holdings currently the equivalent of six months' turnover isReuter - 158 words
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Page 6 Advertisements
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Advertisement342 1988-05-31 6 COMET® Trading V COMET® Manufacturing COMET® Retail V COMET® Freight Forwarding r<©r COMET® Banking Nixdorf COMET® software is like this magic egg. It is the one idea from which hundreds of business ideas can be developed. N Just as the tangram egg can be reconfigured to create hundreds of very342 words
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MONEY AND EXCHANGES
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1352 1988-05-31 7 IHT BORROWERS, spurred by a desire to lock in fixed costs before they rise or favourable floating-rate swap rates while they were still available, rushed to the Eurobond market last week. But bankers said that investors were reluctant to commitIHT - 1,352 words
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Article, Illustration758 1988-05-31 7 JAKARTA: The US dollar was fixed at 1670/1676 yesterday. HONGKONG: The US dollar closed higher yesterday against major currencies, especially the mark, on prospects of a further rise in US interest rates. "The dollar is well supported above the key chart point of 1.72 marks.'' a Japanese bank758 words
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Article, Illustration420 1988-05-31 7 Reuter THE US FEDERAL Reserve Board has tightened monetary policy recently to control inflation, and bond yields could be pushed up to 10.5 per cent by the end of the year, former Fed vice-chairman Preston Martin has said. "In January there was downward movement inReuter - 420 words
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804 1988-05-31 7 Reuter THE automated trading system being developed by the London International Financial Futures Exchange (Liffe) is designed to enhance the exchange's pit system and not to replace it, outgoing chairman Brian Williamson said in an interview. Pit trading has a considerable advantageReuter - 804 words
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Page 7 Advertisements
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Advertisement129 1988-05-31 7 The only refuge for incurable romantics If you're one (and we think everyone is, at one time or another) take your lover to our Hilltop Lounge, featuring the versatile Rhythmic 3 mood and ambience that's just right. Or the El Marocco discotheque, for an evening of feverish passion and romance.129 words
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Advertisement9 1988-05-31 7 IB BANQUEINDOSUEZ 3 Shenton Way. Shenton House, Singapore 01069 words
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Advertisement139 1988-05-31 7 INPRO *88 International Procurement '88 Exhibition and Conference o< technology, materials, components and manufacturing services for electronics OEMs, international Procr-ement Off :es (JPOs) and manufacturers 17-19 October 1988, Hyatt Hotel, Singapore New event specifically for the rising number (now 44) and purchasing power of IPOs based in Singapore for the139 words
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PERSPECTIVE
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Article534 1988-05-31 8 IT MAY COME as a surprise to learn that the major local and foreign banks in Singapore are short of some 300 clerks. The massive staff retrenchments of Bank of America and Standard Chartered Bank in the past two to three years are534 words
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Article, Illustration538 1988-05-31 8 Some chief executives take a skewed view of stargazers UPI THE RECENT RUCKUS over Nancy Reagan's celestial scheduling of presidential events has given rational minds pause to wonder if there might be something to it. After all, the president despite his many failingsUPI - 538 words
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Article, Illustration767 1988-05-31 8 MAUREEN JOHNSON - Margaret Thatcher has launched a moral offensive along with a radical third-term programme described as 'verging on the wicked'. Is she seeking a deeper foundation for her political philosophy or merely casting about for a reply to criticisms from the churches? MAUREEN JOHNSONAP - 767 words
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REGIONAL VIEWPOINTS
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Article265 1988-05-31 9 HONGKONG Our waakly summary of what othar publications hava to say about iaauas of rsglonal Intarast "PERHAPS the basic thing to b« Mid about China's proposed baste law for Hongkong is that it is not so bad ss some critics paint it. Many of the points cited265 words
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Article306 1988-05-31 9 SOUTH KOREA "SINCE Roh Tae Woo stunned the nation last June by promising sweeping democratic reforms. South Korea has bounced along defying one set of odds after another. First was Mr Roh's win of the presidency with a bare 37 per cent of the popular vote. That306 words
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Article354 1988-05-31 9 CHINA "IF VIETNAM keeps its promise to begin a phased removal of troops from Cambodia next month, Deng Xiaoping will be placed under renewed pressure to hold a meeting with Soviet leader Mikhail Gorbachev and to move towards closer ties between their two countries. The Soviet354 words
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Article213 1988-05-31 9 "THE SHADOW of international terrorism haunts this year's Olympics in Seoul. Indeed for the first time since 1972, we can expect a games unhindered by major political boycotts and walkouts But there can be no guarantee there will be no terrorist attack. The American Central Intelligence Agency is213 words
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Article253 1988-05-31 9 THE PHILIPPINES THE POLITICIANS seem bent on making the people focus on politics even if the next presidential polls are still four years away. Already speculation is rife that Defence Secretary Fidel Ramos is gearing up for the presidency. His current trip to the US is being253 words
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Page 8 Advertisements
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Advertisement163 1988-05-31 8 A POOR FARMERS SON TURNED THIS SOCKET INTO A US$37 BILLION CORPORATION FIND OUT HOW It was the first product Konosuke Matsushita produced seventy years ago. And, it paved the way for this remarkable man to build a giant multinational corporation employing 165,000 people and operating in 38 countries. A163 words
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Page 8 Miscellaneous
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Miscellaneous681 1988-05-31 8 CRYPTIC PUZZLE ACROSS 3 Beast with a riverside joint (5) 8 Patsy somehow looks pale (5) 10 He doesn't show his true feelings (5) 11 A drink of quite average strength (3) 12 What a chicken may do that disturbs roots (5) 13 Does he come up to the gangway681 words
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Page 9 Advertisements
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Advertisement188 1988-05-31 9 THAT DIETHELM CATERS TO AN EXCLUSIVE CROWD IS TRUE. UP TO A POINT. I Wb may be accused of stretching the point too far. of course But the fact is. Diethelm office furniture isn't just for everybody. Consider the POINT System, a glimpse of which you catch here For all188 words
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Page 9 Miscellaneous
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Miscellaneous1270 1988-05-31 9 TUESDAY PREMIERE Arnold *10.30pm, Channel 5 An enormously rich man dies but is determined not to make it easy for his scheming young widow and relatives to lay their hands on his wealth. Luscious Stella Stevens (left) and Roddy McDowall star in this bizarre horror comedy that features novel deaths1,270 words
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COMMODITIES
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Article, Illustration371 1988-05-31 10 Bernama ES MALAYSIA should urge the United States to restrict the release of its tin stockpile to 3,000 tonnes a year to ensure the stability of the world tin market. Timah Langat Bhd's chairman, Datuk Haji Ahmad Razali bin Haji Mohamed Ali, saidBernama ES - 371 words
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231 1988-05-31 10 AFP THE INTERNATIONAL Development Association, a World Bank affiliate, is providing a credit of 17 million Special Drawing Rights, currently valued at U5523.5 million, to help finance a rubber tree replanting project in Sri Lanka, the bank said in Washington last week. TheAFP - 231 words
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120 1988-05-31 10 Bernama EFFORTS TO SHIFT rubber research activities from the Tun Abdul Razak laboratory in London to Malaysia will benefit the country's rubber industry, especially smallholders, the National Association of Smallholders (Nash) said. Nash president Datuk Haji Ahmad Arshad said in a statement inBernama - 120 words
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Article295 1988-05-31 10 HONGKONG: The metal closed higher yesterday in active trading on light short-covering by overseas investors in the afternoon. Dealers said foreign interests also pushed up platinum prices and the buying outweighed some initial profit-taking in gold by Australian and Swiss investors. Bullion ended at U*****.10/50 an ounce against295 words
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Article78 1988-05-31 10 TOKYO Futures closed the five yen per kg daily limit-up across the board yesterday on active buying from private investors. Dealers said all contracts maintained limit-up gains throughout the day on the belief that worldwide supply shortages would keep prices high The market was also supported by fear of78 words
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Article, Illustration482 1988-05-31 10 FLORENCE CHONG In Sydney - From FLORENCE CHONG In Sydney TENSION is mounting between the US and Australia over claims that the US is moving to corner a larger share of the global wheat market at Australia's expense. Despite protests from the Australia, the US government has authorised wheat482 words
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380 1988-05-31 11 Reuter NORWAY'S Parliament has approved immediate development of the controversial Snorre oil and gas field off central Norway, and asked the minority Labour government to consider selling its 31.4 per cent stake in the field. Snorre, due to come on stream in 1992, willReuter - 380 words
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202 1988-05-31 11 FT SOUTH KOREAN gold imports are expected to rise this year following a government announcement that restrictions are to be eased and tariffs and taxes reduced. Seoul's Economic Planning Board is seeking revision of the law by the end of this month, but easierFT - 202 words
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716 1988-05-31 11 FT CENTRAL BANKS' policies of exchanging rapidly-depreciating US dollars for gold last year played an important role in keeping the price of the precious metal relatively high, according to Consolidated Gold Fields' annual gold survey. In particular, Taiwan employed this form ofFT - 716 words
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135 1988-05-31 11 Reuter AUSTRALIA has asked to meat US negotiators in Geneva next month to discuss whether Washington's sugar programme complies with international trading rules, US trade officials said last Friday. The consultations will be held under Section 22 of the General Agreement on Tariffs andReuter - 135 words
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Page 10 Advertisements
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Advertisement33 1988-05-31 10 t 1 6 S S Y "V T C < %S V 4 •fj V a; Our business is We couldn't handle the volume Ivy Tan General Manager Noel Hampers Gifts Pte. Ltd. Singapore33 words
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Page 10 Miscellaneous
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Miscellaneous243 1988-05-31 10 CHy Max/ Note Mtn ro Adeloide 18/07 Rm Amsterdam 16/09 Cloudy Athens 29/16 Cloudy Rohroin 36/26 Clear ftangkok 33/26 Foir ftarbodos 30/25 Clear Ml"fl 26/16 Oowdy leirut 26/18 Sunny leigrode 24/14 Oowdy BerHn 26/16 lain lermuda una* bonr 18/08 Cloudy ftrisbane 22/11 Cloudy Irunolt una* luenos Aires 12/04 Cloudy Cairo243 words
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Page 11 Advertisements
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Advertisement307 1988-05-31 11 Seventy percent of Noel Hampers Gifts' total annual sales is dependent upon the company's performance during the Christmas and Chinese New Year seasons. In these months, when holiday gift-giving reaches its peak, Noel sells and delivers up to 3,000 gift hampers each day. Many customers request next-day delivery. Quick turnaround307 words
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Advertisement176 1988-05-31 11 SUCCESSFUL EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the best and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch to the fast-moving and stimulating world of business journalism. Put176 words
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SPORTS & LEISURE
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Article, Illustration415 1988-05-31 12 AFP ALAIN PROST staked his place in the annals of motor racing history with one of the most polished wins in his already brilliant career in Sunday's Mexico City Grand Prix. The Frenchman was under no threat whatsoever as he tookAFP - 415 words
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Article, Illustration159 1988-05-31 12 NYT THE INDIANAPOLIS 500 ended in confusion on Sunday. The only apparently clear facts were that Rick Mears won for the third time and Roger Penske, the owner of Mears's car, made clever use of the ever-present yellow caution flags. For aNYT - 159 words
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Article596 1988-05-31 13 SHIRISH NADKARNI - From SHIRISH NADKARNI in Kuala Lumpur CHINA'S relentless march towards the retention ot both the Thomas and Über Cups for international badminton team supremacy continued unchecked at the Stadium Negara on the first day of the semi-finals yesterday. The Chinese men proved far too fast and powerful596 words
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277 1988-05-31 13 Bernama "TREAT THE Indonesian badminton team as ants." "Do not at any time concede defeat." And "thrash them". These were among the words of inspiration Malaysian Prime Minister Datuk Seri Or Mahathir Mohamad gave the Malaysian Thomas Cup players yesterday. "Do not fear andBernama - 277 words
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Article, Illustration322 1988-05-31 13 NYT MARTINA NAVRATILOVA has left the French Open to the teenagers by losing 6-3, 7-6, to 17-year-old Natalya Zvereva of the Soviet Union on Sunday. Conditions were difficult for the players on a blustery day of intermittent showers and moments of blinding sunshine at RolandNYT - 322 words
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451 1988-05-31 13 NYT SUDDENLY, the playoff series that so many Los Angeles fans thought might be over in four games has turned into a nightmare for the Lakers. The Dallas Mavericks, thought to be down and out after consecutive lopsided losses, evened the four-of-seven-game series atNYT - 451 words
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Article360 1988-05-31 13 UPI SPAIN'S S«veriano Ballesteros birdied four of the last nine holes for a thirdround 71 to take the lead in the US$6OO,OOO Volva PGA championship on the Wentworth course on Sunday. Ballesteros. with only one win in the last year, had struggled out in aUPI - 360 words
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Article144 1988-05-31 13 Reuter CANADIAN Donny Lalonde stopped Trinidad's Leslie "Tiger" Stewart with a ponderous right-hander to defend his World Boxing Council (WBC) light-heavy-weight title in Trinidad on Sunday. The dramatic end came two minutes and 27 seconds into the fifth of 12 scheduled rounds when American referee MartyReuter - 144 words
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Page 12 Advertisements
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Advertisement1001 1988-05-31 12 4 CQURyoiSIER XO-Whore to eat, drink... Grills Greens 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 pnnSrt1,001 words
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Advertisement136 1988-05-31 12 French conmtm The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a l'Orange, Quiche Lorraine, Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Mate the French connection for just S3l for adults and $15* for children. W' Am136 words
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Page 13 Advertisements
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Advertisement529 1988-05-31 13 and entertain 4 Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. 6.30 pm to 11 pm. Ample free parking A© Century Park Sheraton Singapore 16529 words
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Advertisement212 1988-05-31 13 Having the right club can take you a long way. Particularly if it's the TRIYAL Graphite Wood, fitted with Maruman's exclusive MAC Graphite shaft. The Graphite clubhead is designed with a 3 piece construction that enhances its strength: tins consists of two layers of Graphite and Zy tel 101 L.212 words
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Page 13 Miscellaneous
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Miscellaneous66 1988-05-31 13 Play golf the Sevvy way »i r^sss r man Left" thumb support I KNOW FROM TACTICS THAI FT WOULD MAKE ME LOSE POWER AND DIRECTION y 7.. DO NOT LET TUE* > SHAFT SUP INTO THE V V OF THE RIGHT HAND VI. (AT THE TOP OF THE SWING> TUE66 words
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COMPANY NEWS
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702 1988-05-31 14 CORRINA LIM - By CORRINA LIM A MALAYSIAN stockbroking firm has recommended United Engineers (M) Bhd shares as a buy for medium- and long-term investment. In an April research report, Rashid Hussain Securities Sdn Bhd said, "The award of the lucrative M 53.4 billion North-South Highway project to702 words
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272 1988-05-31 14 NST PERMODALAN Nasional Bhd (PNB) will unveil in six months the future investment strategies of subsidiary Timah Langat Bhd s company which has remained largely a conservative tin miner. Timah Langat managing director Ahmad Muhammad Said said PNB was givingNST - 272 words
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367 1988-05-31 14 MBT PROPERTY DEVELOPER Petaling Garden'e multistorey office end reeidenbal complex PGB Plaza is expected to open for bueinees in December Disclosing this in his latbst snnusl ststement. Petaling Garden chairman Ang Toon Chew said the plaza, which is located in Pudu,MBT - 367 words
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Article131 1988-05-31 14 Company EIGHTS ISSUE tGB Corpn OwkyNvo lOtO m' *of« {i-<0* Moi r 800*1 ckw JH* 14 U O I O*0-fc>< N»0 0 $1 10 par *ere wr»» TSI b dgit Mo> r 23 ckn#: M 9 Public Bonk On* 'or two 1040 p*< «N>'* t. do* M» r131 words
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Article377 1988-05-31 14 Company RIGHTS ISSUE A M D B One-tor-four JO SO per shore C 1 Holdings 27 aiMion loan stocks in the ratio ol $3 loan Stock tor every hve ordinary C K Tong One-tor-twc (2 25 per shore Eoch rights co*ei i with two detachable TSts The exercai377 words
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Article, Illustration337 1988-05-31 15 LEE HAN SHIH - By LEE HAN SHIH, Property Correspondent HONGKONG entrepreneur Dickson Poon has cleared the final hurdle to inject two private concerns into his listed vehicle, the luxury goods trading company Dickson Concepts. At a meeting held last Friday, minority shareholders voted unanimously to spend337 words
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533 1988-05-31 15 MBT SEEKING an overseas flotation other than in Singapore seems to have been the trend with Malaysian listed companies in the past few years. It makes sense for companies with substantial overseas interests to seek a listing for their operating units in countries suchMBT - 533 words
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Article315 1988-05-31 15 MBT YEO HIAP SENG (M). (YHSM). is better positioned to take advantage of the economic upswing now that it is more streamlined and efficient, according to Malaysian stockbroking firm A T Securities in its latest review of the foodbased group. It said YHSM's good resultsMBT - 315 words
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Article, Illustration527 1988-05-31 15 ELAINE KOH - SES approves transfer of moratorium on sale of shares By ELAINE KOH PROPERTY-BASED Bonvests Holdings can go ahead with its takeover bid for Sesdaq-listed Tonhow Industries Ltd, now that the Stock Exchange of Singapore has given the nod to an unusual request527 words
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Page 14 Advertisements
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Advertisement214 1988-05-31 14 How to balance your company 's portfolio t it m < a V i:M& X I\' f*?; i; vKeeping your company's bottom line in balance is becoming increasingly more difficult. Especially if your business brings you in contact with today's volatile foreign exchange markets. Where millions of dollars ride on214 words
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Page 15 Advertisements
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Advertisement63 1988-05-31 15 Expect the finest Russian and Continental cnisine BELUGA DINNER DANCE DATE: JUNE 11th 1988 TIME: 7.30pm 2.30 am PRICE: $28/- nett (gentleman) $22/- nett (lady) DRESS CODE: FORMAL Ctll Mitt Shirley Ttng for retervationt BELUGA RESTAURANT Pre Ltd. 133 Cecil St.#lB-01/02 Keck Seng Tower,S pore 0106 BUSINESS HOURS: 11 30am63 words
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Advertisement41 1988-05-31 15 Bruno Magli Another new boutique at Centrepoint, unit 01~30 ID BRUNO MAGLI Forum Galleria #01-46, 583 Orchard Road, Singapore 0923. Tel: 732 8961 Centrepoint #01-30, 176 Orchard Road, Singapore 0923. Tel: 737 4509 Open Daily from 10.00 am to 8.00 pm41 words
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REGIONAL MARKETS
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652 1988-05-31 16 Coke and Pepsi battle for younger Arab customers AFP AMERICAN soft drink giants Coke and Pepsi are taking their fight to corner the world market to the Gulf, hoping to woo an affluent younger generation in Arab oil states that have becomeAFP - 652 words
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Article91 1988-05-31 16 Reuter KANEBO Ltd has agreed to provide Eastman Kodak Co with an exclusive licence to sell its coloured polyester fibre in the US. Canada and Mexico, a Kanebo spokesman said. Ksnebo will supply 1,000 tonnes of the fibre in the first year, which beganReuter - 91 words
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150 1988-05-31 16 AP PETROFINA SA of Belgium signed a joint-venture agreement with a Malaysian petroleum company in Kuala Lumpur on Sunday under which Petrofina will invest Ms2s million in Petmal Pty Ltd in return for 30 per cent equity in the company. A company known asAP - 150 words
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Article87 1988-05-31 16 Reuter FUJI Heavy Industries Ltd has estimated parent company vehicle sales at 630,000 in the year ending March 31, 1900, a rise of about one per cent from 623,319 a year earlier, on expectations of higher domestic demand, a company spokesman said yesterday. The projections compriseReuter - 87 words
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Article86 1988-05-31 16 Reuter NORWICH WINTERTHUR (Australia) Ltd has 62 per cent of insurer CIC Holdings Ltd after two major shareholders accepted its A 53.70 a share counter-bid to NZI Corp Ltd* A 53.40 offer. Inter-Pacific Equity Ltd and Southern Pacific Insurance Co Ltd. each with about 31 per centReuter - 86 words
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Article139 1988-05-31 16 Reuter HONDA MOTOR Co Ltd will cut exports to the US of its Civic sedans and hatchbacks to 80,000 a year from a planned 140,000 due to higher domestic demand, a company spokesmsn has said. Honda sold 45.495 Civics domestically in the January toReuter - 139 words
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148 1988-05-31 16 UPI WORKERS at the giant Hyundai Motor Co factory went on strike yesterday, idling production st South Korea's Isrgest car factory, news reports said. The workers agreed to strike last Saturday after wage talks broke down last Friday over a union demandUPI - 148 words
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472 1988-05-31 16 Reuter MATSUSHITA Electric Industrial Co Ltd will boost group capital spending by 26 per cent and research and development by 10 per cent in the year to March 31, 1989. Matsushita plans to spend a total 277 billion yen on plant andReuter - 472 words
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Article1399 1988-05-31 16 Hongkong HONGKONG stocks closed lower yesterday on light selling by local institutions because of uncertainty over Wall Street's trend, accentuated by the closure of the US market yesterday for a holiday, brokers said. The Hang Seng Index fell 24.71 points to 2.488.99 and the Hong Kong Index1,399 words
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87 1988-05-31 16 Reuter ONODA CEMENT Co Ltd expects a parent net profit of 7.10 billion yen in the year ending March 31. 1969. down from 8.42 billion yen a year ago. the company said in a statement. The company said it expected a current profit ofReuter - 87 words
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Article437 1988-05-31 16 Reuter TOKYO shars priest closed higher yeeterdey due to bargain-hunting and speculative buying, but broker* said this did not reflect optimism regarding rising US interest rates "There will be coneolidation until things in the US become clearer," a broker commented. The Nikkei Index surged 260.60 points, or 0.07 perReuter - 437 words
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Article421 1988-05-31 16 Reuter THE AUSTRALIAN share market closed barely steady yeelerday. aa demand lor selected industrial stocks offset a downturn in the gold sector. Brokers said the continuing demand lor induetrial stocks helped the market rebound from earlier lowa. "The only weak spot was the gold sector, but with the goldReuter - 421 words
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Article211 1988-05-31 16 MAY NT KeHa 46 30 -0 2 Knacftan On.— St SO o 3 Lm Chang Yuan AH Stnctr* India4.M 0 20 Cham In3ua 01 90 3 amc«mm §400 +o.« uothmmm to so fa CtrnayCam. 101 90 +4 Nan Yi Mm. 77.00 unch Chang Hwa Bank 430 00 5 PaeMc211 words
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Article70 1988-05-31 16 MAY M NMI Uffflffl On*ntal 8 0 04 •0 002 0 034 unch ACOf# MiniM. ptviax B 0 40 Anglo Phil 0 008 uneti Koot 8 OCM -0001 Aflat Con B 174 Qo4d San Mtgwoi 8 100 -4 ffnic Pitroliuni 0 024 Bonguot Con. as •6 Stmo Darby 2970 words
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Article143 1988-05-31 16 UPI NISSAN MOTOR Co. Japan's number two car maker, has reported decreased sales and net income for the year ended March 31. The company said nonconsolidated sates declined 0.3 per cent from a year ago to 3,418.7 billion yen. Net income fell 17.2 per cent to 38UPI - 143 words
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Page 16 Advertisements
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Advertisement468 1988-05-31 16 NOTICES LOST SHARE/TRANSFERABLE SUBSCRIPTION RIGHTS 1993 (TSR) CERTIFICATES The Mtowtog Shara/TSR certMcatoe/* together wNh NEPTUNE ORIENT LINES LIMITED No. In the nam* of No. ot Shacet/TSR I SET AN (SINGAPORE) LIMITED ******36 Overseas Union Bank 1 x 1.000 Trustees Limited KEPPEL CORPORATION LIMITED *****2 Wong Mui Liong 1 x 1.000468 words
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Advertisement159 1988-05-31 16 IN THE MATTER OF THE COMPANIES ACT. CAP 5C AND IN THE MATTER OF TIMOR TRADE ENTERPRISE! (S) PTE LTD (IN MEMBERS' VOLUNTARY WINOING-UP) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company which is being voluntarily wound up are required on or before 30th Jure 1968 to159 words
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Advertisement638 1988-05-31 16 IN THE MATTER OF COMPANIES ACT, CAP. SO Pursuant to Section 290(2)(b) ANO IN THE MATTER OF TRACK RECORO PUBLISHERS PTE LTD M an Extraonflnary General Mealing of the abovanamad Company duty corwanad and haid at 10 Anon Road. f1707 iwtontaftonal piua, Singapore 0207 on 271h day of May 1988638 words
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INTERNATIONAL COMPANY NEWS
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646 1988-05-31 17 Reuter A DECADE AGO, Italian car maker Fiat SPA was floundering. The company, owned by the Agnelli family, was piling up huge losses. Its factories were h|t by rampant absenteeism. Several executives were victims of Red Brigades urban guerillas. Today, Fiat.Reuter - 646 words
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Article87 1988-05-31 17 HONGKONG AH Industrials Hongkong Index {J™J° y 2 *g 7 Monday 1.***** "J* MO I nd Friday 1.***** W 2315 9 WM, ago 1.645 20 NEW YORK Hang Song Index Mo«doy 2.486.99 w Jow 2*1370 W TOKYO Standard Poors nm«i §32 £-2212 °W° 253 rnooy Z7.2W.4V W 27.*****87 words
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280 1988-05-31 17 Reuter AMERICAN car companies have for years focused marketing efforts on young people, seeking to win their lifetime loyalties and ignoring older buyers, seeing them as a limited source of sales growth. But new marketing data shows that car buyers 55Reuter - 280 words
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900 1988-05-31 17 New York and London likely to be most affected NYT FACED with dwindling trading volume and falling revenues. the securities industry is bracing for another large wave of layoffs, with the greatest impact likely to be felt in New York andNYT - 900 words
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Page 17 Advertisements
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Advertisement668 1988-05-31 17 1 9 I 7 CONSOLIDATED FINANCIAL STATEMENTS W miftom dsAent Consolidated statement of Income <«> Aara Cash Resources Cash and deposits w*h Bank of Canada Deposits with other banks Cheques and other items m transit, net lamed or guaranteed by Canada Issued or guaranteed by provinces and municipal or school668 words
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Advertisement468 1988-05-31 17 ||§i|k University Extension |ij|l§ University of California Berkeley TIMES CONFERENCES a member of The Annual CORPORATE FINANCIAL MANAGEMENT STRATEGY PROGRAM i— July 18 2J, 1988 Course fee; SS3BOO 1 PROGRAM COOTEM§ The loptb covered wgl providean opportunity for executives to enhance their general Shareholder' Strategy Linking Finance FACULTY MrßGKanttfti, Vice468 words
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397 1988-05-31 18 AFP SOUTH KOREAN President Roh Tae-Woo appealed for a new era of "partnership and cooperation" in an address to the first session of the opposition-dominated National Assembly yesterday. "Gone are the days when, on the strength of its numerical superiority, theAFP - 397 words
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461 1988-05-31 18 FLORENCE CHONG in Sydney - Plan for listing in Malaysia and Singapore From FLORENCE CHONG in Sydney A LEADING Australian property trust is about to set up what is claimed to be the first trust of its kind in South-east Asia The trust, expected to be461 words
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Article, Illustration50 1988-05-31 18 NO, C3PO hat not made his way to Tokyo. It's merely an electronic robot making finger eigne floor dealer* ordinarily uae in chare trading. The robot wae part of the attractions ae the Tokyo Stock Exchange plaza opened yeeterday to promote TSE activities to the general public.50 words
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282 1988-05-31 18 Reuter AP PAKISTAN PRESIDENT Mohammad Zia-ul-Haq, who just closed down his country's political system, may be taking a calculated risk to extend his power into the 1990s and keep the country stable, said political analysts yesterday. But no one in Islamabad was willingReuter; AP - 282 words
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96 1988-05-31 18 AFP CHINA yesterday reacted to Pakistan leader Mohammed Zia ul-Haq's decision to cancel a nineday visit with an invitation for him to make the trip at a later date. "It is for Pakistan's domestic reasons that President Zia postponed his visit to China."AFP - 96 words
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145 1988-05-31 18 AP IN THEIR FIRST YEAR as private corporations, the seven train operating companies in the Japan Railways Group registered profits that totalled four times more than predicted. Despite initial doubts over their profitability, all seven companies made profits during the fiscal year, with theirAP - 145 words
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122 1988-05-31 18 Reuter BRITISH export industries are hurting from this year's strong gains in the value of the pound sterling, a survey by the country's employers group says. The survey by the Confederation of British Industry tapped the views of 1.500 firms which produce halfReuter - 122 words
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209 1988-05-31 18 Reuter GROWTH IN JAPAN'S housing industry slowed to a crawl in April after nearly two years of vigorous expansion that had been an important source of the country's massive economic power. Japan reported yesterday that construction of new houses increased onlyReuter - 209 words
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443 1988-05-31 18 Bernama THE UMNO (BARU) Supreme Council can temporarily function as a general assembly until the party's branches and divisions are set up. deputy Umno (Baru) president Ghatar Baba said in Kuala Lumpur yesterday. As a new party, Umno (Baru) did notBernama - 443 words
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94 1988-05-31 18 Bernama THE former director of Koperas! Usaha Bersatu Malaysia Bhd (KUB), Syed Hamid Syed Jaafar Albar, said in Kula Lumpur yesterday that he resigned on grounds of principles. According to him, during the meeting of KUB board of directors last Saturday, they had allBernama - 94 words
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172 1988-05-31 18 THE INDONESIAN State Minister for Youth Affairs and Sports. Mr Akbar Tandjung, is arriving today for a three-day official visit. Mr Akbar Tandjung's visit is at the invitation of Mr Wong Kan Seng, the Minister for Community Development and Second Minister for Foreign Affairs.172 words
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LATE FILE
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Article54 1988-05-31 18 Reuter VICTOR Co of Japan will build a factory in Malaysia to produce audio equipment for shipment to the US and Europe. a company spokesman said in Tokyo yesterday. JVC Electronics Malaysia Sdn Bhd, a wholly-owned subsidiary, will invest three billion yen in aReuter - 54 words
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Article45 1988-05-31 18 Bernama MALAYSIAN Deputy Home Minister Datuk Megat Junid Megat Ayuto yesterday proposed the setting up of a security training centre. He said the Malaysian Professional Security Association, which has the expertise, should take the initiative in setting up the centre. Ber-Bernama - 45 words
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Article43 1988-05-31 18 AFP JAPAN'S index of mining and manufacturing gained 3.2 per cent over the preceding quarter from January to March on the strength of brisk domestic demand, the Ministry of International Trade and Industry said in Tokyo yesterday. AFPAFP - 43 words
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Article38 1988-05-31 18 AFP THE national conference of the Australian Labor Party will .vote next weekend on whether to mine more uranium or miss out on exports potentially worth US$4 billion, party sources said yesterday. AFPAFP - 38 words
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Article52 1988-05-31 18 Reuter SIKH religious leaders suddenly sacked all five high priests of the faith yesterday, accusing them of collusion with the Indian government, official sources said in Chandigarh. The five included the head priest of the Akal Takht who exercises spiritual and temporal authority over allReuter - 52 words
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Article50 1988-05-31 18 AFP VIETNAMESE TROOPS to be withdrawn from Cambodia by the end of this year may return if the country's security is threatened, said Phnom Penh Radio. Vietnam could send fresh troops to Cambodia under the terms of a friendship treaty between Phnom Penh and Hanoi.AFP - 50 words
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Page 18 Advertisements
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Advertisement152 1988-05-31 18 |`^^",~!\&-?;[/'<$?/-*/[).;$)=? Keep yourseH constantly informed of the latest developments in Japan's Steel industry by regularly subscribing to clopail 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 daily152 words
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Advertisement5 1988-05-31 18 Swo©piny government dismissals, Pmgs 25 words
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Advertisement99 1988-05-31 18 A Strong 80nd.., 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, it will soon become indispensable a lasting99 words
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SHIPPING TIMES
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351 1988-05-31 19 G DURAIRAJ - Two possible transhipment points for Thai cargo By G DURAIRAJ EFFORTS are underway to encourage the overland movement of containers between Malaysian and Thai ports. The move is also aimed at encouraging transhipment from ports in the two countries. Meetings have been held351 words
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227 1988-05-31 19 AT THE END of June, "K" Line will run its own service to the Pacific North West service with five ships. The Harbour Bridge, Verrazano Bridge. Tower Bridge, Bay Bridge and Golden Gate Bridge, vessels of 2,200227 words
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PORTSIDES
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Article117 1988-05-31 19 ANOTHER new shipping company has been established as a result of the UK government's business expansion scheme which allows tax incentives to new, small investors. With former Clyde Shipbuilding chief Ross Belch as chairman, Altnacraig Shipping has bought a second-hand bulk carrier for around £600,000. More117 words
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Article72 1988-05-31 19 A THREE-WEEK dispute between Japan Line and 1,048 employees of its J L Shipping Ltd subsidiary has been settled, a company spokesman said. The All Japan Seamen's Union accepted a government arbitration decree asking the union to agree to the company's personnel reduction plan. The dispute72 words
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Article155 1988-05-31 19 MITSUI Engineering and Shipbuilding Co Ltd expects unspecified record parent current profit in the year ending March 31, 1989, after a 1.33 billion loss a year earlier, a company spokesman said. The shipbuilder plans to achieve the turnaround mainly by selling shares, he added. It155 words
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Article47 1988-05-31 19 FRACHT AG of Zurich has started a new operation, the Far East Fracht Express Service, which transports groupage containers on conference vessels from Pusan, Bangkok, Kaohsiung, Keelung and Hongkong to Switzerland on a weekly basis. Transit time is between 25 and 28 days.47 words
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Article160 1988-05-31 20 THE-MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: AQC.(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 Lines Neptune Orient160 words
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Article1984 1988-05-31 20 Shipping is ripe for rationalisation through a wave of cross-border mergers and acquisitions, but the corporate expertise required to effect such transactions has been very scarce in an industry on which the orthodox way of raising money has been to sell ships. Lloyd's Shipping Economist ItLloyd's Shipping Economist - 1,984 words
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Article779 1988-05-31 20 AB Shpg V 5 leyte Nov VII 1/2 ABC Container IX 1 lion Huat IV 2 Accord Shpg VI 3 lin lin Shpg V 3 Alltrons VII 3 I Brosileiro IV 2 Americon Tpt II 4/5 lloyd Triestino IV 4/5 I Anship Int'l V 3 lykes lines779 words
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348 1988-05-31 21 AFP, Reuter ALL BUT ONE of Japan s six major shipping companies suffered big net losses in the business year ended March 31, largely as a result of a weak US dollar which slashed earnings. A price-cutting war in US container services greatlyAFP,; Reuter - 348 words
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209 1988-05-31 21 Lloyd's List THE FIRST purely Greek shipping bank, a subsidiary of Citibank, is to be set up in Piraeus and will begin operations within the next two to three months. Locally incorporated, the new bank will handle all Citibank's shippingLloyd's List - 209 words
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Article69 1988-05-31 21 Seatrade Week STATE-OWNED National Development Co will auction off its subsidiary. National Marine Corp, on June 3 in a bid to hasten the disposal of its huge transport group, which includes National Shipping Corp of the Philippines. The minimum bid price is 101 million pesosSeatrade Week - 69 words
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160 1988-05-31 21 wooa m oyonty - From wooa m oyonty THE 134.000dwt Japanese coal carrier Kitauru Maru became the I,oooth ship to be piloted through the Great Barrier Reef's Hydrographers Passage by Hamilton Island's Helijet Services since the channel opened in 1964. The passage, charted by the navy's160 words
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207 1988-05-31 21 Reuter AN ESTIMATED 115 people were feared killed when a motor launch sank in shark-infested waters in southern Philippines on Sunday night, the Coast Guard said. Dipolog Coast Guard chief Segundo Mentoya said a lone survivor clinging to a wooden box was rescuedReuter - 207 words
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Article299 1988-05-31 21 AFP AFTER a slow start due to closura of markats in aevaral Europaan countrias on Monday, a broadening of demand and fixing was avidant towards the latter part of the week on the tanker market, without any dramatic change in exiating rate levels. London brokers E A GibsonAFP - 299 words
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120 1988-05-31 21 CHINA will improve its sea and land transport to moat tt»a neods of its economic development, new Chinese Minister of Communications Oian Yongchang said. The New China News Agency reported that since 90 per cent of China's imports and exports are by sea. the120 words
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178 1988-05-31 21 AP ABOUT 2,000 tonnes of toxic chemical wastes thst went to ses 15 months ago are being discharged at Genos from the Syrian freighter Zanoobia. The "ship of poison." ss the Zanoobia has become Known in Italy, dropped anchor at GenoaAP - 178 words
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7311 1988-05-31 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.7,311 words
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Article1314 1988-05-31 28 GRAIN voyage fixing expanded on the London shipping freights market on Friday before the long holiday weekend but bulkers lifting cargoes for Japan from the US Gulf and US North Pacific suffered yet further deterioration of earnings. In the US Gulf, Cargill fixed the Khris A. with a1,314 words
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Page 19 Advertisements
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Advertisement788 1988-05-31 19 TIMES STP Distributors S,NCJ WW Ovhqus Cmtaitm Line JSoiNI SNIPPING AGENCIES (R*f No 2428 M/ 00«) 200 Cantonment Road 012 05 South point. Singapore 0208 221 81l TELEX NO RS ***** TERMINAKFS Td *****18 220 BOOKINGS Td *****34 235 PESARA JARMNC SNIPPING AGENCIES SON BHD PORT KELANG TEL 3GB4US Tetei788 words
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Advertisement85 1988-05-31 19 mm THE 134,000dwt Japanese coal carrier Kitauru Maru became the I,oooth ship to be piloted through the Great Barrier Reef's Hydrographers Passage by Hamilton Island's Helijet Services since the channel opened in 1984. Page 111 ALL BUT ONE of Japan's six major shipping companies suffered big net losses in the85 words
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Advertisement554 1988-05-31 19 BLACK SEA SHIPPING COMPANY r Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping CorPte Ltd.TEL: *****33 MAERSK LINE MAERSK LINE FIRST CARRIER TO RUN DOUBLE-STACK TRAIN TO CANADA SIN/TORONTO: 23 DAYS!! O Europe UK Scandmatia F:nlancs This «Mk Am M Closing Time CY 1* 2300554 words
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Page 20 Advertisements
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Advertisement492 1988-05-31 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ■■I I HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP P KELANG SOUTHAMPTON HONG KONG EXPRESS CAROtGAN BAY RHINE MARU TOKIO EXPRESS FRANKFURT EXPRESS HAMBURG EXPRESS BEtiALDER ALSO ACCEPTING CAR6O TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN, AARHUS, GOTHENBURG, MALMO, HELSINKI. OSLO. CARIBBEAN A S. AMERICA CONTAINER492 words
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Advertisement18 1988-05-31 20 K <n and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.18 words
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Advertisement526 1988-05-31 20 AMERICAN TRANSPORT LINES, INC. I.: W-7JM WW mi '.W'" ir.l U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO l.*n 1" 1 '.'■T I if" I '"ill AmTVan*. I" Ml M\ 1 »Y FEEDER VESSEL ACCEPTING CARGO TO ATLANTA. SAVANNAH. BALTIMORE, ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA TO CARIBBEAN: TO ATLANTA, SAVANNAH. lALTNKWE,526 words
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Page 21 Advertisements
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Advertisement1008 1988-05-31 21 -h m<& The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers EXaMZJM torio anas nuMtfWT anas um am mm am n*s am Ski K'Wt I'hNM R'Bm UHi um am am am am am am am am am am um am om vim am 154 V wn am am1,008 words
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Advertisement646 1988-05-31 21 1 J ill ii 11: r n "AL EUROPE 41 Hail lU'll. nil: >' S Ef \nn B lIS q ft M USA PANAMA 214 liJ4 ll* 714 MJ4 IIJI I K I4JI Hi 27 JI a i I 1.1 lUI lli llli n.K »k ■»2i TO USA/CANADA WEEKLY FULL646 words
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Page 22 Advertisements
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Advertisement409 1988-05-31 22 nsl NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN TAKMTI IRAN VAM OAT Loading for:BANDAR ABBAS BANDAR ABBAS loading forJAPAN, KOREA a* KYOWA LINE Singapore Loading for: A VESSEL 15/6 LAE, PMB, RBL, HRA l: SUN UNION LINE TAIYO MARINE LINE PAKARTI LIMA COL IMA Vl7 OAXACA409 words
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Advertisement484 1988-05-31 22 ,*9. line (•Mi tmrtmt CM'»u r»M F ULLY CONTAINERISED SERVICE TO I UROPt VIA SUI /XI Mt-nibft nl th>- le CONVtNTIONAL SERVICE 10 PERSIAN GULF VESSEL HAISBON KUANTAN S'PORE LOADING FOR 20/6 DUBAI, DAMN GEN AGENTS: CROWN MARINE CO (PTE) LTD TEL: ***** M (t Udm) FAX NO: SUB AGENTS:484 words
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Advertisement298 1988-05-31 22 DIKECT SERVICE TO BOMBAY ft MADRAS: ETA 5/6 SYDNEY, MELBOURNE FREMANTIE AUCKIANO, WELLINGTON, LYTTLETON, DUNECMN NAPIER FOR: PORTO, LISBON, OK AN, BILBAO MADRID, MALAGA, MEULLA. TANGER, TENEHFE, LASP ALMAS, ALGIER TUNIS, VALLETTA. (RUN, CEUTA ISTANBUL PORT KELANG A PENANG BANGKOK HONG KONG JAKARTA MANNA TOKYO/YOKOHAMA KEELUNG/KAOHSIUNG busan NOUMEA, SUVA/LAUTOKA PORT298 words
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Advertisement911 1988-05-31 22 r EVERGREEN Full Container Srruct WW GUEST EVU CROUP EVER OVEN EVER GROWTH EVER CRAM) Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) IiI?1I S I H s 5 i s JS i» ,S 3 I g a x EVER graw wwtwwwttpmtm also accepting cargo to !> SnuSIWTM #0IT0 f JACKROMVILLE. 2) ATLANTA, CHICAGO911 words
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Page 23 Advertisements
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Advertisement892 1988-05-31 23 A PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA DRAGON SEA HAWK SEA HAWK VOV SIN SBY SMG S M 23 SLD 2/6 4/6 7/6 MSB Alt 6/6 1 J/6 M 25 12/6892 words
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Advertisement358 1988-05-31 23 BEN LINE CONTAINERS TAS MAN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA. FIJI AND NEW ZEALAND SIN MAIN LINE HKC NOUMEA SUVA AKL NAP TIM 9/6 TASMAN J3 IS 20/6 18/7 22/7 25/7 28/7 23/6 ANANGEL LEADER 9S 5/7 2/1 6t 10/S 12.1 15/7 ACRITAS 2S 20/7 18/8 231t 251t358 words
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Advertisement468 1988-05-31 23 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 flU'lilMliiLMil: VSL/VOY PALEMBANG/9WB MATARAM2IWB S PANJANG/19WB BILBAO ANTWERP H'BURG/ 13-16/6 30/6-3/7 IS/-21/7 RDAM/ADAM BREMEN Subject to Inducement Also accepting cargo to Casablanca, Port' SaM, Port Alexandria, Genoa, Trieste.468 words
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Advertisement410 1988-05-31 23 BOUSTEAD SHIPPING AGENCIES MYOMA YWA VllO PAGAN Via PA-AN VI2SW BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon pore P.Kelang Penang Bangkok 25 Maya Jun 3 Jun '4 Jun 1/2 Jun BANK LINE SEMI-CONTAINER SFRVICF HE.AVV LIFT CAPABiIiTv NORTHBOUND TO UKC MORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA410 words
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Page 24 Advertisements
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Advertisement740 1988-05-31 24 "K'linb KAWASAKI KISEN KAISHA, LTD. ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE N. AMERICA-ATLANTIC COAST VOY *INDO 9 30/5 13 6/6 9 13 m VOY LB I 23/4 12 30/4 7/5 12 14/5 •PK/PNC 31/5 7/6 •PK/PNG •INDO FEEDER VESSEL ORIENTAL740 words
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Advertisement334 1988-05-31 24 AccapMnq LCL and South Africa containsrlMd cafQOM Direct to Durban P.Elii C Town VAAI 5536F VENTO 0«f NEOLLOYD COLOMBO 56J5F NEDLLOYD COLOMBO 5234G CANOPUS 0201 C OSAKA MARU 5339G '•'din JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12-05 SOCITHPOINT, SINGAPORE <EOB Td: *****11 TELEX NO: RS 2(179 TERMINAL/CFS334 words
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Advertisement412 1988-05-31 24 a a j INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* INDIA/JAPAN/INDIA SERVICE Accepting FCL ConUlnwi and Conventional Cargo Also accepts Metals Steel Products Smgapor. PMMng »«nang Laadmg Mr 1 0 HAN I PUR V a IS Jum hbfIMM ITALY/MEDITERRANEAN SERVICE Accepting Tlmbar'BrMkbuft alao FCL Container* Alao Trmtt. P. SaM Ataundrva412 words
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Advertisement692 1988-05-31 24 GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD 23 TaM Afar Str»*t SINGAPORE «W TEL tm TEL SM3W (10 LINES) Fai: S343SM STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Colombo Karachi Dubai COtDEN HARVEST Colombo/Karachi,-Dubai CHINA SERVICE BAI YUN SHAN Xiamefl'Shanjhai A VESSEL Huanfpu,'Shanghai S'por* P KHanf Penang In Port M June C/692 words
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Advertisement448 1988-05-31 24 PHILI OnKNT LIN€S PT€ LTD HMD OFfiCt 63 fiOBiNSON ROAD -07 12 AfflO SSiA BUHDiNG SINGAPORE 01CS T(l!* RS ***** PHiLI ffir *****76 ETA SINGAPORE! DESTINATION DUBAI OAMMAN. KUWAIT. BOMBAY. DOHA. MUSCAT. BAHRAIN. ABU DHABI A SHARJAM NEW GENLORD I W COLOMBO KARACHI BOMBAY IIVUVIi: l' Jl 1.-i ITTT MOMBASA448 words
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Page 25 Advertisements
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Advertisement657 1988-05-31 25 NEPTUNE AGENCIES PTE. LTD iMMrai iRfriHM: Tel: 278M77 era** CfJ BOOK II FE lU/AUST TP A/SEA NEPTUNE ORIENT LINES LTD P.Kolang NEn.INESOM.BHO.MM7 K.LMvur NEPLINESOM.BHO.SIMI Pena* NEPIINE SON. BHO. 62MJV«27MM271«10:m2 J.Bahra NEPLINE SON. BHO. Mt|OM 27*11 ONUi 27MUI VMM INWARD/OUTWARD INQUIRIES SDM TO"EUROPE/UK fVIA SIIF7V KOREAN JACEWON CJN KOREAN JACEJIN Ml.657 words
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Advertisement415 1988-05-31 25 DO* am HEUNG-A SHIPPING Korean Flag Vessels SEMI CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. BUSAN. INCHON WEF JUNE*. 1) BUSAN MNQAPOftE 2) SINGAPORE/ KEELUNO —1* DAV» SERVICE B SERVICE 11 VoaaoTi Nam* ETD tS SPORE PKELANC KEE BUSAN No I Donam/WN 11/06 n-Km KMm um No t IWVMSN IMS415 words
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Advertisement637 1988-05-31 25 r SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: 220C41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** ■bmm P- kelamg MESSRS MAI THOM6 SHIPPING 127 Pana* Stnat Pamnt Malay** M/S MANOLING SYSTEM CO637 words
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Page 26 Advertisements
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Advertisement300 1988-05-31 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 lines- FAX *****39 *****76 TELEX RS ***** A B SSCMA AS ***** A B SSCAD V£.B DE UTF R ACHT 'SE EREEDEREI R lt INTEGRATED FULL CONTAINER SERVICE TO EUHOft RUHLAND 4*l WILHCLM PIECK 4MIIK [22,* 4/7 RUEBELANO s*l W* h300 words
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Page 26 Miscellaneous
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Miscellaneous158 1988-05-31 26 Regional Weather Uui' a V s m ek .Z--t* > E£*SSS is SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May 31, 1968 Wmd direction with speed m knots Wave height LEGEND R Thunderstorm Temperature c A Shower Weather Wmd direction with speed m knots ,n V./ Cloudy Sky W158 words
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Page 27 Advertisements
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Advertisement953 1988-05-31 27 >FARGO SHIPPING COMPANY (PTE) LTD No 15 Hoe Chiang Road sl3-02 Sanlord Building Singapore 0208 Tel *****22 Tl* ***** FASCO «.-e ABC CONTAINERIZE N.V. WE NAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! lh>>aKTFn ETA ZS/B/88 Only 7 days to Fremantle Only 12 days to Melbourne Only 15 days to953 words
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Advertisement160 1988-05-31 27 UNIPACIFIC TRANS TRADING AGECY PTE. LTD. IRAQI LINE If ««C S T f 'NTfRMiJI »0« ■4«iTi«f WEST BOUND SERVICE ETA S POKE LOADING FOR KV ROfO BALQCES In Pert IMttfah. A«fei W BABYLON 2M MMM. MM, THROUGH l/li to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA i BAGHDAD REEFER160 words
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Page 28 Advertisements
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Advertisement318 1988-05-31 28 Hai Sun Hup Co (Pte) Ltd Hi ,>.'***** (20 Linos) TLX RS ***** K RS ***** ft. i \ni ik\ \k i i\i I) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Senboku 25/6 Moji •Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN t CHINESE318 words
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Advertisement388 1988-05-31 28 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE AIM MTVffwCUIF M Mnka City/FRCNCH W. Cannes IMUe. New Orteant. Houiton/MtiKS V«ri Cna. Pert 0* Franca. Potatra A Pttra, DapW 0. COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMkC ONT Aftß SERVICE TO fWiWTffißilWl MORAYBANK VSN CLYDEBANK V23N TAMAITAI388 words
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Advertisement75 1988-05-31 28 WW 1 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES MM-ASIA SMPPMC (S) FTC LTD Tel: *****88 (8 Lines) Tlx: RS ***** SIN CHIAO SHIPPING AGENCY PTE LTD FOR BOOKINGS TEL *****81 TLX ***** NEWSHIP BALTIC ORIENT SHIPPING PTE LTD. DIRECT SEA/ROAD CONTAINER SERVICE TO KATHMANDU/NEPAL VIA CALCUTTA75 words
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Advertisement596 1988-05-31 28 *****53/*****11 •*****122/4, *****3 '07-***** •07-*****3, *****5, *****0, *****1 •02-*****22 ***** M IMJU, ill; CALL US AT: P. KELANG r PENANG V J. BAHRU wwrcd P. GUDANG SINGAPORE amm k. Lumpur FAR E SERVICE 1822E31 TO EUROPE SINGAPORE I LEHARVE my •tiin "T»I BREMERHAVEN, COPENHAGEN. HELSINKI. MAIMO OSLO STraiWtJLUK FROM EUROPE596 words
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