The Business Times, 1 July 1988

Microfilm: NL16221
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, JULY 1, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    264 1 AFP Dow Jones higher WALL Street stock prices gained ground yesterday morning with a boost from declining interest rates as the markets reached the midpoint date of 1988. The Dow Jones Industrial Average of 30 industrials rose 5.86 to 2,127.84 in the first hour of trading. Gainers
    AFP  -  264 words
  • Article, Illustration
    Most Asian markets close firmer
    207 1 REGIONAL SHARE markets closed generally firmer yesterday after a weak opening following the overnight fall on Wall Street. In some cases, trading was influenced by the fact that companies were updating their half-year accounts, brokers said. In Singapore, share prices rallied consistently on speculative buying
    207 words
  • Article
    Mixed close for US dollar
    122 1 THE AMERICAN DOLLAR performed mixed in the international foreign exchange markets yesterday. It fell in Tokyo after dealers took profits and headed for the sidelines ahead of the long American weekend and the Bundesbank council meeting later in the day in Frankfurt. Their expectations that
    122 words
  • Article, Illustration
    Department stores facing wage war
    457 1  -  Laggard paymasters play catch-up By CHUANG PECK MING THOSE MAJOR department stores which are lagging behind as paymasters have found themselves having to play the game of catch-up, now that the economy is back on its feet. The need to narrow the wage gap with
    457 words
  • Article
    Lock icon SEC men in HK for insider probe
    107 1 AFP AP TWO US Securities and Exchange Commission (SEC) officials are in Hongkong in connection with an investigation into an insider trading case in New York involving Asia-based businessman Fred Lee. Meanwhile, a Hongkong investment management company said yesterday it was cooperating with
    AFP; AP  -  107 words
  • Article
    NUS economists project 5-6 pc growth for next three years
    402 1  -  By ANNA TEO ECONOMISTS from the National University of Singapore have projected growth rates of between 5 and 6.3 per cent for the next three years. According to the Econometric Studies Unit (ESU) of the NUS's Department of Economics and
    402 words
  • Article
    More retailers see importance of sales staff learning Japanese
    164 1 WITH AN EYE on the rich Japanese tourists, more retailers along the premier shopping belt are giving their staff Japanese lessons. Orchard Road retailers such as Galeries Lafayette and The Hour Glass have joined other big department stores in offering Japanese
    164 words
  • Article
    Lock icon US foreign debt soars by US$99 billion
    129 1 UPI Reuter THE US foreign debt swelled to U*****.2 billion in 1987, confirming the country's status as the world s largest debtor nation. The Commerce Department reported in Washington yesterday the $368.2 billion debt is a $99 billion increase over 1986 and may
    UPI; Reuter  -  129 words
  • Article
    Yock Suan suggests subcontracting to relieve labour woes
    627 1 MANUFACTURERS who are short of workers can think of subcontracting to factories in neighbouring sites such as Johor rather than relying more on foreign workers to solve their problem, Labour Minister Lee Yock Suan suggested yesterday. Hongkong manufacturers, facing a more severe
    627 words
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      Page 1 Advertisements Column 1
      151 1 Minolta EP49OZ with Simul-Color. •->r. Executive Set Lunch/Dinner From The Finest Sichuan Cuisine *5 1 'A < 4 Currv Sealood Served in Coconut «S.*» Now you can lunch or dine in executive style. Executive Set Lunch/' Dinner from a selection of finest Sichuan cuisine is nov* served at Dragon City
      151 words
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      Page 1 Advertisements Column 2
      319 1 Full report, PAGE 14 Regional Mkts, PAGE 16 World Mkts, PAGE 17 More reports, PAGE 6 MAJOR COMPROMISES were made before Singapore and Malaysia could sign a memorandum of understanding on water, gas and a ferry service. The final outcome, however, was a fair deal which sets the tone for
      319 words
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      Page 1 Advertisements Column 3
      74 1 EC what lies ahead THE EUROPEAN Community summit which ended early this week focused on scrapping trade barriers and creating a genuinely common market in 1992. But by then, membership of the community is also likely to be enlarged to include several more Countries such as Austria and Norway. Turkey
      74 words
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      Page 1 Advertisements Column 4
      56 1 Shipping Timet cornet at a separate taction today. Make aura you gat your copy. f v i* BALLY of Switzerland Authorised dealers Bally Boutique, Raffles City Bally Boutique. Royal Holiday inn Djien Boutique, Mandann Hotel Isetan, Apollo Hotel/Wisma Atria/Parkway. Parade Singapore Daimaru, Liang Court Complex Robinson's, Centrepotnt Sole Agent S.G.
      56 words
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  • HOME NEWS
    • Article
      High-powered trade team heading for Korea
      457 2  -  Delegation to be led by TDB chairman Alan Yeo By LILY FERNANDEZ HOT ON THE HEELS of last week s successful Trade Development Board (TDB) mission to Turkey is another high-powered mission, this time to South Korea. It will be led by TDB chairman
      457 words
    • Article, Illustration
      Dr Yeo urges Singaporeans to take the lead in showing courtesy
      342 2 SINGAPOREANS should take the lead in being courteous and not wait for others to show courtesy first, said the Minister for Communications and Information at the launch of this year's courtesy campaign at the Westin Plaza. Dr Yeo Ning
      342 words
    • Article
      Tips on managing high-tech industries
      115 2 SENIOR MANAGERS in the public and private sectors keen to pick up some cues on managing high-technology industries may attend a four-day seminar in August. The seminar, to be held from Aug 10 to 13, will cover topics such as high-tech marketing, Japanese technological innovation
      115 words
    • Article, Illustration
      Winston Choo becomes first SAF lieutenantgeneral
      318 2 THE SINGAPORE Armed Forces has its first lieutenant-general with the promotion of MajorGeneral Winston Choo, Chief of the General Staff. He headed the list of 245 SAF officers from the army, air force and navy who were promoted. The promotions take effect from today.
      318 words
    • Article
      MEMO PAD
      466 2 r Seminars and Courses 1 C EG CAHNERS EXPOSITION QROUP Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 Jul 13-15 Professional Soiling Skills III Jul 13-15 Screen Design Jul 13-22 QCC Techniques for leaders (English) Jul 13- Section Leader Aug 5 Certificate (English) Jul 14-15 Desktop Connectivity Jul
      466 words
    • Article
      Warning against employing illegal immigrants
      155 2 THE MINISTRY of Home Affairs yesterday warned the public to check the status of prospective employees or tenants to ensure that they are not overstayers or illegal immigrants. Between January last year and March 31 this year, the Labour Ministry prosecuted a total of 198
      155 words
    • Article
      Council formed to help RI work towards autonomy
      224 2 FIFTEEN prominent old Rafflesians have been roped in to help chart the future of their alma mater. Chaired by Professor Lim Pin, Vice-Chancel lor of the National University of Singapore, the Raffles Institution Advisory Council will work closely with the principal, Mr
      224 words
    • Article
      Devan Nair's bizarre behaviour arose from alcoholism
      460 3 BIZARRE BEHAVIOUR attributable to alcoholism including heavy bouts of drinking, incognito jaunts about town disguised in a wig, and an apparent affair with a German woman characterised former president Devan Nair's last days in office. March 1985 the month Mr Nair's alcoholism was
      460 words
    • Article
      Lock icon I never was an alcoholic — Nair
      156 3 I never was an alcoholic Nair Reuter MR DEVAN NAIR yesterday denied he had to resign as president because he was an alcoholic and pledged to continue to campaign against the policies of Prime Minister Lee Kuan Yew. "I am not and never was an alcoholic," Mr Nair said in
      Reuter  -  156 words
    • Article
      Residential properties stable
      595 3  -  Market entering third boom-and-bust cycle: consultant By TONG SUIT CHEE SINGAPORE'S residential property sector is entering its third boom-and-bust cycle, in the view of property consultant Colin Moore. In a paper presented yesterday at a gathering of Asean planners, Mr Moore, residential director of Jones Lang Wootton,
      595 words
    • Article, Illustration
      Call for cooperation
      188 3 PROFESSIONALS from Asean countries should meet regularly to help forge a spirit of regional cooperation, said Second Deputy Prime Minister Ong Teng Cheong yesterday. He was speaking at the opening of the 6th Asean Association for Planning and Housing (AAPH) convention and exhibition at the Mandarin Hotel.
      188 words
    • Article
      Open tenders for Marina South park
      465 3  -  By LIM SOON NEO THE PARKS AND RECREATION Department is calling for open tenders next week for the construction of a "sophisticated and cultivated" city park that it is developing in Marina South. Dr Chua Sian Eng. the Parks and Recreation Commissioner, declined to
      465 words
    • Article
      Theme parks and cultural centres reflect growing trend
      250 3 A GROWING TREND in recreational development lies in the set-up of theme parks and cultural entertainment centres. Singapore, in building up its tourist destination image and pursuing its vision of a pleasant and funfilled homeland for its people, has set the trend.
      250 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      310 2 The Stock Exchange of Singapore and Business Times will present a seminar entitled Investment Opportunities in Asian Securities at the Westin Stamford and Plaza Hotel, Raffles City, Singapore, on Friday, July 15th, 1988. PARTICIPANTS in this seminar will hear expert views on the opportunities that currently exist in Asian stock
      310 words
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      Page 2 Advertisements Column 2
      28 2 Do real men exfoliate? You bet! It wakes up the skin and better looks. Ask Clinique. 0 G G OV V 4 Vr\ CLINIQUE SKIN SUPPLIES FOR MEN
      28 words
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  • Page 3 Advertisements
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      57 3 Ultra Sportivo Designed by Ferdinand A Porsche Manufactured by IWC Schaffhausen In titanium, 18 carat gold or rv titanium with gold Waterresistant to 130 feet large or small PORSCHE DESIGN \o IWC PORSCHE DESIGN <r MON FEB oc r i r 1 r r c <5/ a 91 9\ illl{|||ll!:fi!i!tii!iiiiii!llliliii
      57 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      664 3 mmMm CRYPTIC PUZZLE ACROSS 4 In plenty, like mineral by the gallon (6) 7 We hear it's a big gun and how! (8) 8 Love in business? (6) 10 Sort of wound from a rifle shot (5) 13 Deposit a list, possibly (4) 14 Sharp letter to a sailor (4)
      664 words
    • Miscellaneous
      Page 3 Miscellaneous Column 2
      35 3 Bri Ftanic^ciez^ i'n FeD up with tvis lcng DiSTpiNOe. PtfTPOR U)ITH Tue &RL IM trie OFFice across rue sTßesr.... CVCMWQ STAMOAMO CO. LTD, IM2-1* I Hftve To PoT ON Pi CUEfiN SHI(?T DftY.... I 7691
      35 words
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  • ASIA – PACIFIC
    • Article, Illustration
      Sigur: Asean central to US policy in region
      522 4  -  By DAVID CHEW ASEAN is very central to US foreign policy in the Asia-Pacific, and the US constantly strives for strong ties with the regional grouping, says Or Gaston Sigur, the US Assistant Secretary of State for East Asian and Pacific Affairs.
      522 words
    • Article
      Lock icon Taiwan may accept Filipino workers in certain sectors
      193 4 AFP TAIWAN could open its doors to Filipino workers for jobs which cannot be filled by local labour, a spokesman for Taipei's representative office in Manila said on Wednesday. Taiwan is in need of thousands of workers for factories and jobs in
      AFP  -  193 words
    • Article
      Lock icon Pentagon to sell F-16s to Malaysia and S Korea
      213 4 AP THE US Department of Defence has notified Congress that it has approved arms sales involving F-16 jet fighters to Malaysia and South Korea. Assuming there are no congressional objections, the statement issued by the Pentagon on Wednesday said the department
      AP  -  213 words
    • Article
      Lock icon China urges Indonesia to normalise diplomatic ties
      184 4 AP CHINESE Vice-Premier Wu Xueqian has told a group of Indonesian businessmen that China attaches importance to its ties with Indonesia, and urged normalisation of diplomatic relations. The official Xinhua News Agency on Wednesday quoted Mr Wu, China's former Foreign Minister, as saying
      AP  -  184 words
    • Article
      Lock icon Sally Aw's Cereus hits out at Aussie tax laws
      253 4 AFP NEW AUSTRALIAN laws will tax Sally Aw Sian's Cereus Australia Ltd on profits it has not received, according to the company on Wednesday. Cereus said in its preliminary final statement in Sydney that the dropping of tax rebates on foreign
      AFP  -  253 words
    • Article
      Lock icon Malaysia mapping out master plan on privatisation
      233 4 Bernama THE Malaysian government is formulating a master plan which will set out the main principles for privatising public agencies. Deputy Finance Minister Loke Yuen Yow said the government was committed to reviewing the role of non-financial public enterprises (NFPE). He was speaking
      Bernama  -  233 words
    • Article, Illustration
      Lock icon Hun Sen welcomes peace efforts by UN
      631 4 UPI PRIME MINISTER Hun Sen of the Vietnam-installed government of Cambodia has welcomed help from the United Nations to end the war in Cambodia and said he would hold unprecedented talks with a special UN envoy. Mr Hun Sen told a news conference
      UPI  -  631 words
    • Article
      Lock icon NZ urged to re-think ban
      203 4 AP US SECRETARY of State George Shultz has appealed to New Zealand to compromise on its ban on visits by ships with nuclear arms and atomic power and rejoin the three-nation alliance disbanded in 1966. "It seems to us there must be a formula, if
      AP  -  203 words
    • Article, Illustration
      Lock icon Lange and minister divided over budget
      294 4 Reuter PRIME MINISTER David Lange said on Wednesday that New Zealand must slash spending and boost revenue in order to avoid a huge budget deficit while his finance minister insisted the country could expect a final surplus. The battle of numbers appeared to signal
      Reuter  -  294 words
    • Article
      Lock icon Nakasone heads new think-tank
      419 4 AP THE WORLD is now in a period of transformation and the two superpowers the Soviet Union and the US have provided ineffective leadership, according to former Japanese Prime Minister Yasuhiro Nakasone Mr Nakasone. who left office last November after three terms in office, said it
      AP  -  419 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      869 4 ARRIVALS Operator Service Local From number tWn* RBA ***** 1130 IWN SAS SK971 1140 CPH/WCK SiA SO 201 1145 CGK GU GA940 1150 MES THA TG403 1155 HOC SIA SQ191 1155 PEN SiA SQ238 1155 MES GU GA902 1210 POG SAB SN277 1210 MU/DXft/ MAS BOM/KUL MH641
      869 words
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      Page 4 Advertisements Column 1
      107 4 "Butwhy should they want to take even the carpet tiles,constable?" "Loboflor." Now the famous toughness, stain-resistance and good looks of Loboflor are available in carpet tiles. They are easy to install and easy to remove, retaining their shape for simple re-use over And with the Loboflor ten-year guarantee, they're a
      107 words
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      Page 4 Advertisements Column 2
      20 4 I I JJJI M-VWI a^sr^s, the following morning Co* your Trovd Agent or Air Conodo ot *****55. AIR CANADA 0
      20 words
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  • REST OF THE WORLD
    • Article
      Lock icon Iraq accuses US of giving military intelligence to Iran
      527 5 AFP TENSION between Iraq and the United States rose sharply on Wednesday as Iraqi President Saddam Hussein accused Washington of providing Iran with military intelligence on Iraqi troop movements. State-controlled Iraqi newspapers, amid signs the tension would sharpen in coming days,
      AFP  -  527 words
    • Article
      Lock icon Thatcher slammed for 'lack off vision'
      118 5 AFP BRITISH press magnate Robert Maxwell lashed out against Prime Minister Margaret Thatcher on Wednesday for her "lack of vision" in refusing to accept a proposal for monetary union in Europe. Mr Maxwell, owner of Maxwell Communication Corporation (MCC), criticised Mrs Thatcher for "not
      AFP  -  118 words
    • Article
      Lock icon Rain comes at last to the US midwest, but not enough to alleviate drought
      541 5 Reuter THIRSTY crops drank up the first significant rainfall in months in the US midwest on Wednesday, but meteorologists said much more was needed to alleviate the drought. Corn and soybean futures prices plunged by their
      Reuter  -  541 words
    • Article
      Lock icon French PM steers careful economic course
      185 5 Reuter SOCIALIST Prime Minister Michel Rocard said that his new French government planned to avoid the sort of measures to reflate the economy that led to dou-ble-digit inflation under a 1981 socialist administration. Me said in an opening speech to a new Parliament that
      Reuter  -  185 words
    • Article
      Lock icon West German growth forecasts revised upwards
      150 5 AFP THREE leading West German economic institutes, which had predicted the country's economy would grow by J per cent in real terms this year, have revised their forecasts upward. The West Berlin-based Deutsches Institut fuer Wirtschaftsforschung (OIW) said yesterday that it expected the West
      AFP  -  150 words
    • Article
      Lock icon IBM to close five factories, cut HQ staff
      170 5 NYT THE INTERNATIONAL Business Machines Corp said on Wednesday that it would ►»hase out manufacturing at five domestic factories and further reduce its headquarters staff in New York's Westchester County in the next 18 months by several thousand employees. IBM said that
      NYT  -  170 words
    • Article
      Lock icon US court rejects attempt to close PLO mission to the UN
      336 5 UPI THE REAGAN ADMINISTRATION on Wednesday lost its attempt to shut down the PLO's observer mission to the United Nations. A federal judge in Manhattan ruled that the Palestine Liberation Organisation mission can remain open because it is not
      UPI  -  336 words
    • Article, Illustration
      Lock icon Kremlin delegates split over pace of economic growth
      605 5 AP DELEGATES to a national Communist Party conference in Kremlin split openly on Wednesday over the pace of economic change and the media's new independence under Soviet leader Mikhail S Gorbachev. They also ordered an investigation into a report that some in
      AP  -  605 words
    • Article
      Lock icon Moscow paper warns against personality cult
      258 5 AFP THE SOVIET weekly Moscow News on Wednesday warned of the dangers of the personality cult, in an article clearly addressed to Soviet leader Mikhail Gorbachev. And in a separate item, the paper called for salary reforms to replace the special provisions, lodging and
      AFP  -  258 words
    • Article
      Lock icon Italy to pay for waste dumping
      82 5 AFP ITALY is to pay US$3 million to dispose of toxic Italian chemicals that had been improperly stored north of Beirut, Italian ambassador Antonio Marcini said. The Milan-based Jelly Wax company, which specialises in the transport of industrial waste, had initially contracted with a
      AFP  -  82 words
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      98 5 Max/ Not* Mln (°C) 16/07 Haze 17/12 Cloudy 34/22 Clear 36/29 Clear 34/25 Foir 28/23 Cloudy 27/21 Show.rs 28/21 Sunny 28/18 Clear unov 31/27 Cloudy 25/15 Cloudy 20/11 Fin* 18/11 Cloudy 27/15 Clear 15/06 Clear 42/26 Clear 21/10 Cloudy 11 /-2 Smoke 26/19 Rain 31/14 Clear 23/16 Clear 33/23 Fin*
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    • Miscellaneous
      Page 5 Miscellaneous Column 2
      60 5 Doonesbury <mi AW? BONES: SANCTUARY 10 GEORGE 'POPPY" BUSH AND M OTHER STAIWARTS FROM YALE'S CLASS OF '48. A HERE HAD BEEN FORGED THOSE VERY QUALWES THAT HAP BROU6HT POP?/SO FAR HIS ABIDING SENSE OF HONOR... t V m i BY GARRY TRUDEAU J Ttr^r r iiMil OKAY. THE MOTETS
      60 words
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  • MONEY AND EXCHANGES
    • Article
      Simex
      432 6 SEPTEMBER Eurodollar futures opened one tick lower on Simex yesterday than the previous close at the day's high of 92.00. The September contract backed off from the high to 91.96 as the dollar weakened. The September contract finally closed one tick lower at 92.00. Currency futures opened higher than
      432 words
    • Article
      Lock icon IMM
      211 6 Reuter IMM currency futures settled lower on Wednesday after a volatile session marked by nervous talk of central bank intervention. Many participants were sceptical of vague rumours that G-7 nations were selling dollars for yen and marks, but the US currency's rise above key resistance levels raised fears that
      Reuter  -  211 words
    • Article
      Comex gold/silver futures
      174 6 Gold futures on June 29 100 troy ounces; USJ per troy ounce Open High Low SMto Jul 435.00 435.00 435.00 435.70 2.30 Aug 437.30 439.20 432.30 438.30 -2.20 Oct 442.00 444.00 437JO 443.40 -2.20 OK 447.00 449.80 442.50 448.60 -2.10 F«b 89 452.00 452.00 449.50 453.90 -2.10
      174 words
    • Article
      Lock icon Asian $ market
      237 6 Asian market Reuter ASIAN DOLLAR deposit rates closed steady at opening levels in quiet afternoon trading yesterday. Most operators were sidelined in the afternoon after light activity in the morning session. The market was awaiting the outcome of the Bundesbank council meeting later in the day. Term rates were narrowly
      Reuter  -  237 words
    • Article
      Lock icon Forex markets
      1580 6 OCBC Reuter Reuter SINGAPORE: THE US dollar closed weaker yesterday against most major currencies. Against the Singapore dollar, the US dollar closed weaker at 2.0410/20 in erratic trading. It traded within a range of 0.0410 and 2.0460. It opened initially at 2.0440/50. The US dollar rose to 132.50/60
      OCBC; Reuter  -  1,580 words
    • Article
      Money markets
      42 6 THE OVERNIGHT rate on the Singapore money market was unavailable yesterday. Term rates were unchanged. Closing S$ Interbank rates at 2.30pm yesterday: Offft MO Ow nighl wnov una* 1-month 4 3 7/8 2-month 4 1/8 4 Ov«fn*ght mod# 3 'ij/tA
      42 words
    • Article
      Government securities market
      86 6 Treasury bills Period issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 29.09.88 3.75 3.70 3.74 3.70 6 months BY*****T 24.11.88 3.80 3.75 3.75 3.75 1 year BY*****Z 23.3.89 3.84 3.79 3.79 3.75 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      86 words
    • Article, Illustration
      World interest rates
      195 6 Indicate* the average of •he prime lending rate* of 12 ma|or banks In S pore Interbank market rates (offer/bid) on June 30 us$ DM SWFC Y«n 7 do r> 7 13/16 11/16 8 11/16 9/16 4 3/8 1/4 3 1/2 3/8 4 1/4 1/8 1 Mh 7
      195 words
    • Article
      Options
      1508 6 CURRENCY FUTURES OPTIONS Thunday, June 30, 1988 DEUTSCHE MARK (SJMEX) Htgti J* 88 cafe Low San Htgi J* 88 p*8 > l» m-m M 30A 25 5* 22 79A 75 57 I60A 157 51 a 255A 255 59 CAB 360A 355 60 CAB 460 Aug 88 caMa Auf 88
      1,508 words
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  • BANKING AND FINANCE
    • Article
      Mrs Sam, Nang Jang re-elected
      116 7 BOTH Mrs Elizabeth Sam and Mr Wong Nang Jang were re-elect-ed for a second term as chairman and deputy chairman of the Singapore International Monetary Exchange by the board of directors on Wednesday. At its AGM, the clearing members elected as directors Mr Stephen Law
      116 words
    • Article
      Lock icon Fears of inflation due to yen rise
      221 7 FT JAPANESE economists are concerned that the dollar s rise against the yen could fuel inflation, and they are hoping that the Bank of Japan will intervene to prevent a continued dollar surge. At his weekly press conference on Wednesday, Mr Satoshi Sumita,
      FT  -  221 words
    • Article
      Lock icon European bankers to propose steps towards monetary union
      599 7 NYT LEADERS of the European Community agreed on Tuesday to set up a committee of central-bank presidents and experts to propose concrete steps towards a European monetary union by next year. The compromise agreement was the principal achievement of a two-day summit
      NYT  -  599 words
    • Article
      Quotation of Singapore Government Stocks as at June 30, 1988
      385 7 Number Indicative Gross Coupon Amount Interest of days of middle price redemption Maturity Year raised rate million) payment ocx rued (excluding yield pa) dates interest accrued Pa) interest) 15.7.85/88 1970 •5% 129.85 15/1. 15/7 167 •100.15 •2.05 15.8.88 Loan 2
      385 words
    • Article
      Lock icon Cref to move further into foreign stocks
      195 7 Bernama COLLEGE Retirement Equities Fund (Cref), already one of the largest US-based equity investors in the international arena, will expand its investments in foreign markets. Currently, about 10 per cent of Crefs US$27 billion portfolio represents investments in stocks traded on foreign stock
      Bernama  -  195 words
    • Article
      Lock icon US seems content with dollar's sharp increase
      432 7 AP THE US government seems content with the dollar's sharp rise, which could have the paradoxical effect of shrinking the trade deficit in the months leading up to the November elections. Even though the dollar's strength of a few years ago helped American
      AP  -  432 words
    • Article
      Lock icon Japan writes off Bangladesh's 245b yen debt
      125 7 Reuter JAPAN HAS WRITTEN OFF debt worth 245 billion yen owed by Bangladesh Officials in Bangladesh said the country received the amount between 1978 and 1987 under bilateral yen loan agreements. They had heard of the Japanese decision, but they were still awaiting
      Reuter  -  125 words
    • Article
      Lock icon M'sian bank workers working to rule
      377 7 Bernama BANK EMPLOYEES throughout Malaysia will "work according to banking rules" effective yesterday, according to the 20,000strong member National Union of Bank Employees (NUBE). This, and two other measures. were decided by the union's executive council on Wednesday after salary negotiations with the Malaysian
      Bernama  -  377 words
    • Article
      Lock icon Major impact if Nippon tests currency options trading
      258 7 Reuter A POSSIBLE FORAY into cash currency option trading by a top Japanese insurer could be just the tip of a massive increase in option market volume, option analysts and traders in Tokyo say. Nippon Life Insurance Co is studying cash currency
      Reuter  -  258 words
    • Article
      Lock icon Japanese banks turn in record profit
      117 7 AFP JAPAN'S 87 commercial and trust banks saw pre-tax profits rise 21.1 per cent to a record total of 3,896.2 billion yen (about US$3O billion) in the year ended March 31. a report said on Wednesday. The record performance was largely due to easy
      AFP  -  117 words
    • Article
      Lock icon Gatx, Credit Lyonnais in aircraft leasing venture
      165 7 FT CREDIT LYONNAIS. the third largest French bank, and Gatx. the US transport and financial group, are to create an aircraft leasing joint venture. The new venture, Gatx/CL Air, will have an initial capital of US$BO million and a fleet of 20 Airbus
      FT  -  165 words
    • Article
      Lock icon Finland's largest bank working on aggressive Nordic expansion
      347 7 Reuter FINLAND'S largest bank, Kansal-lis-Osake-Pankki (KOP), has embarked on an aggressive expansion programme to become a major force on the Nordic banking scene. "We see the Nordic area as our home market. The way to gain more strength is to buy market
      Reuter  -  347 words
    • Article
      Lock icon Baht will not fall further than 26 to US$, says official
      213 7 AFP THE THAI BAHT's value will not be depreciated beyond 26 to the US dollar, a Bank of Thailand official said in Bangkok yesterday. The official, who asked not to be named, said the dollar would be 2 to
      AFP  -  213 words
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      Page 7 Advertisements Column 1
      9 7 EC •conomic union not y*t in tight, PAGE 10
      9 words
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      Page 7 Advertisements Column 2
      211 7 v~ You have a business to run, a busy schedule keep... SINGAPORE BUSINESS understands your commitment to your work. So, instead of having to go out in the sweltering heat or get held up somewhere in a traffic jam on your way to get your latest issue of SINGAPORE BUSINESS,
      211 words
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  • COMMODITIES
    • Article
      Lock icon UAE implements threat to flout output quota
      411 8 Reuter THE United Arab Emirates (UAE) has carried out a threat to flout its Opec quota, authorising companies to pump almost 20 per cent more oil from today. "This should bring (oil) prices down very quickly," said one trader on Wednesday. "It is
      Reuter  -  411 words
    • Article
      Lock icon Norway warns of difficult times for oil market
      144 8 Reuter NORWAY'S Oil and Energy Minister warned on Tuesday that the oil market could face a turbulent period in the coming months unless Opec and non-Opec countries could cooperate to reduce production. Arne Oeien told a news conference in Caracas that even
      Reuter  -  144 words
    • Article
      Lock icon Gold price hinges on OECD performance
      312 8 AFP THE 1988 GOLD PRICE would be heavily influenced by the performance of the OECD economies and by the views taken by investors in those countries, the directors of South Africa's Anglo American Corporation mining conglomerate said on Tuesday. In their annual report for
      AFP  -  312 words
    • Article
      Lock icon New Zealand prepares for gold bonanza with reopening of mine
      324 8 Reuter THE REOPENING of a mine that was once one of the world's largest gold mines could herald a new bullion boom in New Zealand. Martha Hill at Waihi on the east coast of North Island produced 12 million ounces
      Reuter  -  324 words
    • Article
      Lock icon Rubber prices likely to stay above 242 cents
      433 8 Reuter WORLD rubber prices are likely to remain above the International Natural Rubber Organisation (Inro) "must-sell" level of 242 Singapore/Malaysian cents per kilo for the rest of this year, Inro buffer stock manager Aldo Hofmeister said on Wednesday. Mr Hofmeister also said
      Reuter  -  433 words
    • Article
      Lock icon Ivory Coast soldiers on with cocoa war
      324 8 AFP ALMOST A YEAR AFTER declaring a trade war on international cocoa speculators, Ivory Coast, the world s top producer, is confident it can cope with its burgeoning cocoa stock despite the new burden of the next crop and unprecedented financial losses. So
      AFP  -  324 words
    • Article
      Lock icon Tokyo's sugar policy hurting world market, says report
      289 8 AFP JAPANESE restrictions on sugar imports cost the world's producing countries millions of dollars a year in lost export revenue, according to the Australian Bureau of Agricultural and Resource Economics. Each one US dollar spent by Japan on protecting its sugar industry
      AFP  -  289 words
    • Article
      Lock icon Rubber
      170 8 Reuter SINGAPORE Rubber prices closed lower yesterday with July 1 RSS buyers price quoted at 265.00 cents/kilo. On the TSR-20 market, prices closed little changed from the lunch-time levels due to lack of interest. July buyers price closed at 232.00 cents/kilo, down 4.50 cents from Wednesday s finish. MALAYSIA
      Reuter  -  170 words
    • Article
      RAS and MRELB
      279 8 R AS prices in S cents/kg, FOB in bak M NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 266.50 267.50N 265.50 266.50N lot 1 RSS July 88 266.00 267.00N 265.00 266.00 Int 1 RSS August 266.00 267.00 265.00 266.00 Int 2 RSS OP 264.00 266.00N
      279 words
    • Article
      SSR and SMR
      76 8 JULY 1988 AUGUST 1988 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 30 235.00 237.00N 235.00 237.00N SS» 50 233.00 235.00N 233.00 235.OON MRELB Buyers Sellers Buyers Sellers sMir cv 560.00 562.00N 562.00 564.00N SMR l 560.00 562.00N 562.00 564.OON SMR 5 328.00
      76 words
    • Article
      Lock icon KL Tin
      149 8 Reuter STERLING'S recovery •gainst ths rlngglt helped ths KLTM pries doss ons csnt higher st MS 18.42 a kg in quist trading ysstsrdsy, dsalsrs said. Ssntlmsnt was again skfsd by continued strong buying from Europs and a slightly hlghsr closs on ths European spot marksL Japanese and local
      Reuter  -  149 words
    • Article
      Lock icon Palm Oil
      392 8 Reuter Total o/p as at 1100 hr* 3,794 contracts. Turnover: 1,610 tots, dosing tan*: Steadier MALAYSIAN CRUDE PALM OIL FUTURES prices fluctuated widely yesterday before closing higher on short covering, dealers said. Prices weakened initially in sympathy with a sharp fall In Chicago soyoil futures, following reports of
      Reuter  -  392 words
    • Article
      Oil and Products
      105 8 OVERNIGHT losses on crude oil took their toll on the C F Japan naphtha market which came off sharply. Other products also softened slightly or remained unchanged due to an absence of buy/sell indications. Closing prices for crude (FOB origin) USS/borrei 1 Change Tapfe (My) 15.90 undi
      105 words
    • Article
      Produce Prices
      241 8 ChlneM Produce Exchange SoHors' noon dosing prices on Juno 30 (S$/100 kg) Coconut oil Mi Foe 124.00 OM drum FO« 134.00 N*w drum FOB 138.00 Copra Mix*d (Ioom) 71 Pepper Muntofc wNt» FOB NLW 1047JO Sarawak wMto FOB foq NLW 1032JO Sarawak ipcdol block FOB NLW 627JO Sarawak
      241 words
    • Article
      London markets
      300 8 London Commodity Exchange Boy»r/S«ll«r doting pricot on Juno 29 (£/tonno unlets tpodfied). Pr«viout doting prkot in paroathetH. Coffee Both ln-stor« London, flWr» option OF London Jul 1066/1070 (1092/1093) High/Low 1096/1066 s^> 1088/1090 (1114/1165) High/Low 1117/1085 Sato* (5313) Cocoa Jul 930/927 (930/935) High/Low 943/929 S^» 955/956 (953/954) High/low 964/946
      300 words
    • Article
      Lock icon Wheat
      105 8 Reuter SOFT red winter (SRW) wheat futures closed sharply down on the Chicago Board of Trade on Wednesday, but above daily lows. Spot July ended down 19-3/4 cents at 3.53-1/2 cents per bushel with daily permitted trading moves no longer applied as delivery neared New crop September en<}pd down
      Reuter  -  105 words
    • Article
      Lock icon Precious Metals
      347 8 Reuter HONGKONG: Gold closed higher in active trading yesterday on some demand by local and overseas investors but dealers said they noted light selling by the Soviet Union. Dealers said the buying mainly reflected the weakness of the dollar which pushed gold to near its day s high
      Reuter  -  347 words
    • Article
      Lock icon Soybean
      140 8 Reuter SOYBEAN futures, breaking a drought-driven rally on forecasts of cooler temperatures and rainfall into next week, ended down the expanded 45 cent per bushel limit on a wave of general profittaking on the Chicago Board of Exchange on Wednesday. Spot July closed at USSIO.I4-1/2 per bushel, with new
      Reuter  -  140 words
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  • TECHNOLOGY
    • Article
      Lock icon Boss, I'm working from home
      575 9 sxg .*****12 JT IT IS ALREADY 9.30pm and, half-starved from not yet having had dinner, the news in the office that I have to have my unwritten feature completed by tomorrow brings me more pains. But not to worry. I pack up and go home
      JT  -  575 words
    • Article, Illustration
      Pioneer craft to seek out signs of 10th planet
      228 9 PIONEER 10, the space probe launched in March 1972, will be used by scientists to verify the existence of Planet X, the muchspeculated 10th planet in the Solar System. The probe, which is now 6.7 billion km from the Sun, or
      228 words
    • Article
      Corporate heads urged to reassess computer economics
      764 9 TOP MANAGERS will need to rethink their investment assumptions about computers to accommodate the changing information environment, according to international management authority John Diebold. Describing this changed management focus as a new "computer economics". Mr Diebold advised top managers to reassess how they
      764 words
    • Article, Illustration
      Lock icon IBM warns competitors on rights to RISC chip
      607 9 NYT INTERNATIONAL Business Machines Corp has begun warning its competitors that it thinks they are infringing on patents for the hottest new technology in computer design. By challenging its competitors, the world's largest computer maker is trying to assert the right to
      NYT  -  607 words
    • Article
      HK proposes copyright protection for chip designs
      299 9 THE HONGKONG GOVERNMENT has introduced proposals to provide copyright protection to integrated circuit designs, following calls from local manufacturers that greater protection for these basic electronic components was needed. Thursday's edition of the Hongkong daily, the South China Morning Post, said the government
      299 words
    • Article, Illustration
      Lock icon S'pore OA market forecast to grow 18.6 pc S'pore OA market forecast to grow 18.6 pc
      541 9  -  By JEFFREY TSANG THE MARKET for office automation equipment, which just topped the US$5O million-a-year level in 1987, is expected to come to within a fraction of the US$6O million mark this year. But
      Source: Arthur Hoby & Associetes  -  541 words
  • TECH-TAKES
    • Article, Illustration
      Solar panel that follows the sun
      203 9 LIKE A SUNFLOWER, this solar heating system turns to face the the sun as it moves from East to West in its diurnal round. Suntrac Solar Hot Water Systems, an Australian-designed solar panel, rotates to absorb the maximum of the sun's energy throughout the
      203 words
    • Article
      Videophone comes on-line
      123 9 THE VIDEOPHONE, which provides a fixed black and white image of the person you are having a telephone conversation with, made its debut on the Japanese market last week. Costing about US$46O, the videophone transmits a fixed image at the start of a telephone conversation using normal
      123 words
    • Article
      'AIDS virus not from monkeys'
      173 9 THE AIDS VIRUS probably did not move from monkeys to humans but could have infected the common ancestors of humans and monkeys millions of years ago, researchers say. That conclusion comes from Japanese biologists who have determined the entire genetic code of the AIDS virus
      173 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      68 9 LOST SHARE CERTIFICATES The undermentioned there certificate* have been reported lost, mislaid or destroyed: Notice is hereby given that duplicate certificates will be issued and the original certificates will be deemed cancelled and void fourteen (14) days from this date unless valid representations are lodged with the undersigned prior thereto.
      68 words
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      Page 9 Advertisements Column 2
      161 9 What do the Telecommunications Industry and the Computer Industry $hare in common? What are their structures and evolution? Why do some giants in one industry fail to penetrate the other industry? Which technoloau should a comoanu choose fear their arodmrt /market How does a company interface its technology with marketing
      161 words
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  • PERSPECTIVE
    • Article
      A win-win accord for S'pore, KL
      517 10 BEHIND THE SMILES before press photographers, some very hard bargaining took place when Mr Lee Kuan Yew and Dr Mahathir Mohamad met in Kuala Lumpur earlier this week. They literally burned the midnight oil. After two hours of talks on Monday afternoon, the two
      517 words
    • Article, Illustration
      Lock icon EC economic union not yet in sight
      821 10 AFP Reuter DEEP DIFFERENCES over how far European Community monetary union should go would mean that an EC study on further integration is unlikely to yield radical reforms, say monetary analysts in Hanover. The EC summit which ended on Tuesday agreed to create
      AFP; Reuter  -  821 words
    • Article, Illustration
      Lock icon Two more for the EC?
      843 10  -  All attention in Europe now is on how to integrate the 12 European Community members into a unified entity by 1992. Or is it 13 or 14 members as Austria and Norway are likely to lodge their applications for membership. GILES MERRITT explores the political
      IHT  -  843 words
    • Article
      Lock icon A face-saving formula needed
      1059 11  -  As the costly war between Iran and Iraq grinds into its eighth year, former British ambassador ANTHONY PARSONS discusses the UN's efforts to bring about a ceasefire and prevent a further escalation of the armed conflict. ANTHONY PARSONS IHT IT IS ALMOST a year since the
      IHT  -  1,059 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      186 11 mome matioi f V -A:. libit •sjfcrj 1 i At IBM, developing information systems is just a part of our job. It's our service, support and education that sets us apart. Our 4,200 Asia-Pacific customer service representatives are at the heart of the industry's largest and most automated service network.
      186 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1393 11 to aoa oaoQo ttr'm jag FRIDAY BACKGROUND 7.50pm, Channel 5 Friday Background interviews art-goers, performers and the Ministry of Community Development for a wrap-up of this year's Festival of Arts. There is also a report on helping disabled people to integrate themselves into the community and a Worldnet interview with
      1,393 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Bubka aiming to break world mark in Helsinki
      310 12 Reuter SERGEI BUBKA, the man who has redefined the pole vault, was hoping to set the ninth world record of his astonishing career at the World Games Grand Prix athletics meeting in Helsinki yesterday. Bubka said on his arrival on Tuesday that
      Reuter  -  310 words
    • Article
      Stress on stress management for managers
      511 12  -  NOMOHRET S08IHB88 with Mike Cash ALTHOUGH physical exertion causes a certain degree of stress, mental effort usually produces more. The mind and emotions are far less resilient than the body and thus more likely to show signs of strain Thus, it is important to
      511 words
    • Article, Illustration
      Cash bows out as Navratilova hangs on
      949 13  -  BARRY WOOD By IN THE BATTLE of the giants, defending champion Pat Cash was defeated by his predecessor, Boris Becker. World No. 1 Ivan Lendl overcame a thigh muscle injury to beat Tim Mayotte. Miloslav Mecir ended Mats Wilander's dreams of a Grand
      949 words
    • Article, Illustration
      Lock icon Don't look now, but Lendl's done it again
      577 13 AP SHHHHH. Don't let this get around. But Ivan Lendl is at it again. Lendl, the top-ranked tennis player in the world who seems to attract the most attention when he's having the most trouble, moved into the Wimbledon men's semi-finals for
      AP  -  577 words
    • Article
      Lock icon Three yachts fight for berths in world championship final
      276 13 UPI THE BATTLE for the two spots in the finals of the world 12-metre yachting championships narrowed to three contenders on Wednesday when Australia's Kookaburra 111 and the US entry, Nordstjernan, both won two races while Sweden's New Sweden lost its
      UPI  -  276 words
    • Article
      Lock icon Tyson announces retirement
      159 13 AP HEAVYWEIGHT CHAMPION Mike Tyson, undefeated in 35 professional fights and coming off the biggest payday of his career, says he will not fight again. "You can't never say never." Tyson told the New York Post on Wednesday. "But as of today, I am retired." Tyson, relaxing
      AP  -  159 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      873 12 COURyOISIERXO -WHIEKE ¥0 EAT.EEINtf Adults: $13.50-1- Child below 12 years: $9.00+ Cafe Plaza Plaza Hotel Beach Road. Singapore 0719 Tel: *****11 Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daily, tor every drink you order you get your next FREE. And
      873 words
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      Page 12 Advertisements Column 2
      109 12 Wi V *VO ?Z±. Shorn us your moves anawin! The GoodtlmesEl Marocco Backgammon Championship 1988 2 June 26 July, El Marocco, Imperial Hotel Ist Prize: $2,000 cash 2nd Prize: $1,000 cash 3rd Prize: $500 cash Othsr Prizes: Trophies, accessories, hampers, dinner vouchers and more Here's your chance to pit your
      109 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      301 13 ENTERTAIN 4 Your Favourite Melody Melody, the popular Filipino trio, is back performing in the Fountain Lounge. Meet Dolly Barretto, lead singer, who creates a dynamic impression with her vibrant stage presence and remarkable voice. Brothers Bert Neri, on piano and Lino, on guitar, add the beat and harmony to
      301 words
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      Page 13 Advertisements Column 2
      198 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM For between $26 and $40 I y° u can se ect fr° m our appetiser vjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses.
      198 words
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      Page 13 Advertisements Column 3
      6 13 o o c 1 7* g
      6 words
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      Page 13 Advertisements Column 4
      36 13 33 3S n 3wzL "V. ss t Vl' i Exquisite Hongkong cuisine, Dian Xin (Tim Sum), Business lunches and dinners. At Level 7, Fook Hai Building 150 South Bridge Road. Tel: *****16 Imperial ft* Palace 4
      36 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Lower liners form bulk of advances
      4890 14 TRADING activity intensified yesterday as investors pushed share prices higher across the board. Trading started on an uncertain note but speculative and selective buying for lower-liners soon pushed prices higher on active volumes. The Straits Times Industrial Index gained 7.86 points to 1,093.24 while
      4,890 words
  • Page 14 Advertisements
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  • COMPANY NEWS
    • TALKING STOCK...
      • Article, Illustration
        Lock icon Why Hong Fok is on course
        408 15 HOCK LOCK SIEW JUDGING BY THE WAY the price of Hong Fok shares has rocketed over the past few days, investors left out of the rally must be wondering what it is that they are missing out on. True, there were reports that the
        HOCK LOCK SIEW  -  408 words
      • Article
        A Pyrrhic victory if share price falls
        452 15 FOR ALMOST two years, the board room of United Pulp and Paper in Jurong was an arena where two Malaysian companies fought for dominance. The boardroom battle is now over. In a carefully orchestrated move on Wednesday, controlling shareholder Hartaban Holdings successfully defeated
        452 words
    • Article
      Business done on the SES
      4645 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      4,645 words
    • Article
      Unit trusts
      298 15 Managers' prices for Jvly 1 Singapore Unit Trust The Commerce I 02 1 09* The Savings Fund 087 093 S pore Prog fund 042 046 S'pore Sec fund 0 70 0 75 S'pore Invest Fund 0 70*d 0 75*d Spore Equity Fund 050 0.54 Asia Unit Trust Mai
      298 words
    • Article
      PMCW after-tax rises to M$4.7m
      265 15 PAN MALAYSIA Cement Works Bhd (PMCW) has reported better after-tax profit due to lower interest payments and continued contribution from its associates. For the year ended March 31, the cement and building material manufacturer turned in profit af-ter-tax and minorities of Ms 4 72 million
      265 words
    • Article, Illustration
      Lock icon Promet to raise M$20m for Langkawi project
      302 15 NST PROMET will raise Ms2o millidh new equity for the Langkawi resort project. It has identified three parties to take up the new equity. Datuk Brian Chang said the company has submitted applications to build the 1,000-room Tanjung Rhu Langkawi resort project and
      NST  -  302 words
    • Article
      Lock icon Company opts for rights issue of 126 m shares
      133 15 NST PROMET will be making a special rights issue of 126 million shares at par to replace the 126 million shares loaned by the three substantial shareholders under the company's debt restructuring scheme. Datuk Brian Chang told reporters after the company's
      NST  -  133 words
    • Article
      Jurong Cement turns in another year of losses
      229 15 JURONG CEMENT LTD, which turned In another year of losses, is proposing a first and final dividend of 0.67 cent for the year ended March 31. 1988. The company posted a net loss of $3.07 million compared with $3.66 million previously. Although
      229 words
    • Article
      Metal Box struggling hard to offset rising prices
      174 15 IN THE MIDST of the biggest expansion in its history, Metal Box Singapore is fighting hard to contain the effect of a sharp increase in raw material prices. In its latest annual report, chairman Dr Phay Seng Whatt said MBS is "already
      174 words
    • Article
      COMPANY MEETINGS
      133 15 Datuk Keramat 14th AGm at Langkawi Room. Shan-gri-La Inn, Jalan Magazine. ***** Penang on Thursday, July 7, at 12 noon. George Kent (Malaysia) Berhad: 17th AGM at the Registered Office. No 2 Lorong 19/IA, ***** Petaling Jaya. Selangor Oarul Ehsan on Friday. July 8, at 11am. Sing Investment
      133 words
    • Article
      Dress watch agencies prop up Metro group's results
      157 15 THE METRO HOLDINGS group enjoyed bumper earnings in its last financial year largely due to the strong performance by its associated companies Piaget and Cartier watch agencies. In its latest annual report, chairman Ong Tjoe Kim said that both agencies "enjoyed an
      157 words
    • Article
      DIVIDENDS ANNOUNCED
      896 15 Cui Ex Books (Ma ToM lor Total tor peymeirt data CtoOO P«yaMo ■w yoor laat yoor A B N 13*% Moy 3 NYA NYA 27% 27% 5% 5% A Entorprfeos 6%(hl Jon 3 Jun 17 Jul 4 '0% Asiatic Dov 3% Moy 19 Jun 3 Jul 1 5%
      896 words
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  • REGIONAL MARKETS
    • Article
      Japanese firms use new tactics to fight blackmailers
      576 16 MORE THAN HALF the companies listed on the Tokyo Stock Exchange (TSE) held their annual shareholders' meetings on Wednesday, a move designed to thwart Japan's notorious sokaiya a curious combination of corporate goons and blackmail artists who are a menacing presence at
      576 words
    • Article
      KL stocks finish mixed
      3902 16 LIGHT SELLING dominated trading in the afternoon, causing share prices to finish mixed to easier in moderate trading yesterday despite a firm opening. Noticeable softer sentiment was seen in most plantation, property and tin stocks. Dealers said the stronger opening was probably due to window-dressing activities
      3,902 words
    • Article
      Lock icon HK exchange unveils revamp plan
      137 16 FT HONGKONG'S stock exchange committee, which was the butt of blunt criticism in the recently-pub-lished review of the securities industry led by lan Hay Oavison, has moved to pre-empt govern-ment-directed reform by announcing plans to recommend a widening of the committee's make-up. The plans, which
      FT  -  137 words
    • Article
      Shares surge at close
      1427 16 Hongkong A LATE SURGE of buying lifted share prices near the close yesterday but brokers said trading was dull most of the day and turnover remained low. The Hang Seng Index rose 23.27 to 2,671.49 and the Hong Kong Index 16.86 to 1,766.63. Turnover fell to
      1,427 words
    • Article
      Seoul
      105 16 JUNE M CMI Sugar WOW -400 -eoo -200 100 500 unch 400 Hyundai Motor Kal Kangwon Ind Kia Motor ***** ***** ***** ***** -300 -200 unch 100 ***** 200 ***** unch Lucky Lto ***** -200 Oaiahin Sacurltiaa Dong Ah Phar Dong Suh Stock ***** ***** Oriantal Brewery Oriental Cham
      105 words
    • Article
      Lock icon Tokyo
      496 16 Reuter TOKYO SHARE prices closed higher yesterday in heavy rotational trading of large capital issues by major brokerages in the absence of market direction. as rscent dollar concern took a backseat, brokers said. "There is a possibility the yen will weaken further, and some believe the dollar will go
      Reuter  -  496 words
    • Article
      Lock icon Sydney
      467 16 Reuter THE AUSTRALIAN share market yesterday ended the financial year in active trading as a wave of selling sent stocks tumbling in most sectors. Brokers said bearish sentiment clouded the market from the opening after the fall on Walt Street and the slump in bullion prices. However, last-minute buying
      Reuter  -  467 words
    • Article
      Taipei
      235 16 JUNE M All Sincara Indus NT I 6 10 -0.15 Kolin Kuochan Dav Laa Chang Yuan 51.00 .57.00 61 50 +0.5 -1.5 -f ff Asia Camant Cathay Coo* 80 00 .96.00 2.5 -2.5 Lian Hwa Indus Nan Ya Ptaa 66.00 6600 -1.5 2-5 515.00 15 PicMc Com 66 00
      235 words
    • Article
      Lock icon New issues stir Jakarta stock market
      214 16 Reuter FOUR NEW bond issues and planned listings of new shares are giving a fillip to the usually sluggish Jakarta stock market, dealers have said. The Finance Ministry on Wednesday licensed a bond issue with a total nominal value of 25 billion rupiah through
      Reuter  -  214 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      196 16 RANSMARCO TRANSMARCO LIMITED (Incorporated m the Republic of Smgcpore) ANNOUNCEMENT BONUS ISSUE OF 5,000.000 SHARES OF $1 EACH ON THE BASIS OF ONE (1) NEW SHARE OF $1 00 EACH FOR EVERY FOUR (4) SHARES OF $1 00 EACH HELD BY SHAREHOLDERS ("the Bonus Issue*) The Directors of Transmarco Limited
      196 words
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      Page 16 Advertisements Column 2
      199 16 METRO HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT BONUS ISSUE of 6,063, 880 ORDINARY SHARES OF $1 EACH ON THE BASIS OF ONE (1) NEW ORDINARY SHARE OF $1 00 EACH FOR EVERY FIVE (5) ORDINARY SHARES OF $1 00 EACH HELD BY SHAREHOLDERS ("the Bonus Issue The Directors of Metro
      199 words
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  • WORLD MARKETS
    • Article
      Lock icon Dow ends lower on thin volume
      979 17 New York Reuter WALL STREET stocks closed lower on Wednesday, ending a see-saw session that began on a firm note but slipped near midday amid weaker bond prices and a softer dollar. Plunging commodity prices, which on Tuesday helped to buoy stocks and bonds,
      Reuter  -  979 words
    • Article
      Lock icon Equities open mixed
      1006 17 London Reuter LONDON SHARES opened mixed in quiet trading yesterday, with investors content to make small position changes as the two-week trading account neared its close, dealers said. A modest overnight retreat on Wall Street also helped to deter aggressive activity in the morning. Building materials group
      Reuter  -  1,006 words
    • Article
      Lock icon Rembrandt to float off assets
      290 17 World interests to be held in new company FT REMBRANDT, the secretin South African tobacco-based conglomerate, is to float off its international interests into a new European-based holding company The group owns a third of Rothmans International in the UK and interests in a string
      FT  -  290 words
    • Article
      Lock icon SEC probing 40 to 50 world cases
      96 17 Reuter THE US SECURITIES and Exchange Commission is investigating 40 to 50 cases involving international securities trading, chairman David Ruder has told the Senate Banking Committee. "We have 40 to 50 investigations involving international trading." Mr Ruder said in urging passage of a
      Reuter  -  96 words
    • Article
      Lock icon Two UK Liffe brokers quit
      168 17 Reuter TWO LONDON International Financial Futures Exchange (Liffe) brokers have closed their floor operations due to inadequate operating margins. Exco Futures Ltd has closed all its financial futures and exchange-traded options activities from yesterday, and it will withdraw from the Liffe floor where it has
      Reuter  -  168 words
    • Article
      Untitled
      1137 17 Selected indices HONGKONG Hongkong Index Thursdoy 1.***** Wednesday 1.749 82 Wee* ago 1.***** Hang Seng Index Thursday *****9 Wednesday 2.***** Week ogo Z7I224 All Industrials Thursday 2.4767 Wednesday 2.485 4 Week ogo 2LS2I 8 NEW YORK Dow Jones Wednesday 2.121 98 Tuesday 2.***** Week ogo 2.***** TOKYO Nikkei Average Thursday
      1,137 words
    • Article
      Lock icon Texaco-Saudi venture not a conflict
      108 17 Reuter TEXACO INC TX is confident that its joint venture with Saudi Arabia will enhance national security rather than conflict with US national interests. "We are confident that any review will show that the formation of the joint venture will not conflict with national interests
      Reuter  -  108 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      268 17 THE COMPANIES ACT, CAP. SO NEWMART FOOD ENTERPRISES (PTE) LTD (In Liquidation) At a general meeting of NEWMART FOOD ENTERPRISES (PTE) LTD duly convened and held on the 27th day of Jane, 1988 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to
      268 words
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      Page 17 Advertisements Column 2
      562 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF THORHILD SHIPPING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of THORHILD SHIPPING PTE LTD duly convened and held at Vesterled 5, 4891 Grlmstad, Norway on 30th June 1988,
      562 words
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      Page 17 Advertisements Column 3
      417 17 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF PEONY REALTY PTE LTD (Incorporated in the Republic of Singapore) (In Liquidation) Member*' Voluntary Windlng-Up NOTICE IS HEREBY GIVEN that the creditors of the above-named Company, which Is being voluntarily wound up, are required on or
      417 words
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      Page 17 Advertisements Column 4
      668 17 VOLUNTARY LIQUIDATION) At Extraordinary General Meeting of the members of LPO SHIPPING PTE LTD daly convened and held at 300 Cantonment Road #16-03, Southpolnt, Singapore 0306 on Jane 30. 1986, the following resolutions set oat below were daly passed:Resolved that the Company be woand ap voluntarily pursuant to Section 280(1)
      668 words
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      Page 17 Advertisements Column 5
      383 17 T (IN VOLUNTARY m- LIQUIDATION) 'O At an Extraordinary Gened eral Meeting of the Memnt ben of KIAN HO LBONO it. ENTERPRISES (PRI- VATE) LIMITED duly conQ vened and held at 30 Maxwell Road, #04-08 Maxwell House, Singapore 1963. on 22 Jane 19M, the following Special Resolutions were i SS
      383 words
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  • Article
    'Higher S$ ceiling will lower margins'
    416 18  -  RAISING OF OFFSHORE LENDING LIMIT By LEONG WEN WAH BANKERS SAY the move by tf?e Monetary Authority of Singapore to raise the offshore banks' local dollar lending limit would result in lower profit margins in the domestic banking market. The increase in the ceiling
    416 words
  • Article
    Bankers helping CAD in cheating probe
    272 18 A VICE-PRESIDENT and two senior officers of the Arab Banking Corp are now helping the Commercial Affairs Department (CAD) in its investigation into a complaint of cheating on foreign exchange deals. Confirming this last night, a spokesman of CAD, which is part of the
    272 words
  • Executive Lifestyle
    • Article
      Oh Aye, champagne on the rocks
      113 18 HUNDREDS OF PEOPLE just stood there staring, mersmerised at that one still rock. They came in cars, caravans, coaches, motorcycles. Any fool would think that they were set to watch some great event but they just stood and stared at the rock as if
      113 words
    • Article
      Seek and you might find...
      46 18 PERSONAL INVESTMENT examines the extremely buoyant local stock market. Late-comers to the game are now furtively searching the papers for stocks that are undervalued, or have been laggards but have an ability to catch up. Stockwatch focuses on one such issue.
      46 words
    • Article
      The snubby BMW S-series, Aussie vino and a fishy story
      52 18 THEY PAID between $130,000 and $350,000 for a car, sight unseen. Lifestyle's Men column seeks out the money bags lusting after the snubby BMW 5-series. Wine this week raises a toast to Australian vintages; and a fishing club casts its
      52 words
  • Article
    Lock icon Salleh investigation concluded
    80 18 UPI A ROYAL Malaysian tribunal yesterday concluded its closed-door investigation into government allegations of misconduct against Malaysia's top judge without the accused or his defence counsel present. The six-judge panel, which will report its findings to the King, will begin deliberation* today to decide if Mohamed Sal
    UPI  -  80 words
  • Article
    Comex gold and silver
    96 18 COMEX gold futures were slightly higher in quiet locally-led dealings early yesterday. In choppy early business, August gold rose US$O.3O at U*****.60 an ounce. Prices rose on pre-holiday short-covering but then eased on local selling. Slightly lower crude prices put the market further on the defensive.
    96 words
  • Article
    Lock icon Vietnam's High Command pulls out of Cambodia
    141 18 Agencies THE Vietnamese High Command pulled out of Cambodia yesterday as part of a 50,000-man withdrawal from a protracted war. Acknowledging that Vietnam lost a total of 55,000 troops. Lt Gen Le Kha Phieu, deputy commander of the Vietnamese forces in Cambodia, said
    Agencies  -  141 words
  • Article
    Lock icon Japanese minister briefs Suharto on defence policy
    246 18 Reuter AFP JAPAN is moving to beef up its self-defence capability purely because of the Soviet military build-up in Asia and poses no threat to the region it conquered in World War Two. the visiting Japanese defence chief said in Jakarta yesterday. "Japan
    Reuter; AFP  -  246 words
  • LATE FILE
    • Article
      Lock icon 'Gromyko should be sacked'
      59 18 AFP SOVIET PRESIDENT Andrei Gromyko should be sacked for his prominent role during the former regime of Leonid Brezhnev, a delegate to the Communist Party conference said in Moscow yesterday. Vladimir Melnikov from the autonomous Russian Republic of Komi, named Mr Gromyko and other party members
      AFP  -  59 words
    • Article
      Lock icon Call to investigate Chun's brother
      54 18 AFP SOUTH KOREA'S leading opposition party yesterday demanded the government investigate the older brother of former President Chun Doo-Hwan for alleged graft and influence peddling during Mr Chun's rule. The Peace and Democracy Party alleged that Chun Ki-Hwan, 60, had pressured authorities to award him
      AFP  -  54 words
    • Article
      Lock icon PNG finance minister quits
      28 18 Reuter PAPUA NEW GUINEA Fi-* nance Minister Galeva Kwarara resigned from the* government yesterday, accusing Prime Minister Paias Wingti of nepotism and deceit. Reuter
      Reuter  -  28 words
    • Article
      Lock icon Indonesia, China resolve dispute
      53 18 AFP INDONESIA and China have resolved a dispute over customs procedures which has been regarded as a major obstacle to expansion of bilateral trade. The official Antara news agency reported yesterday that a mission from the Indonesian Chamber of Commerce and Industry had won Beijing's pledge
      AFP  -  53 words
    • Article
      Lock icon Iranian PM re-elected
      33 18 AP IRANIAN Prime Minister Hussein Musavi, warning that the Islamic Republic must prepare for "all-out struggle" against its enemies, was reelected yesterday by Parliament, Iran's official news agency reported. AP
      AP  -  33 words
    • Article
      Lock icon Praise, brickbats for Reagan
      35 18 Reuter PRESIDENT REAGAN nears the end of his White House term credited with reducing the likelihood of nuclear war but criticised for domestic failings, according to a new Washington poll. Reuter
      Reuter  -  35 words
    • Article
      Lock icon Rate rise points to solidarity
      44 18 Reuter THE HALF-POINT RISE in the Swiss National Bank's Lombard rate to 4.5 per cent yesterday was a sign of solidarity with the Bundesbank and would probably have little or no impact in Switzerland, economists in Zurich said. Reuter
      Reuter  -  44 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      818 18 CHEERS! Over the last one hundred or so years, some of the good things of the old world were taken over to the new world and flourished. In no case is this more true than with wine. So let's take a quick flip around the globe. Df we start with
      818 words
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      Page 18 Advertisements Column 2
      28 18 Normalise Km, China urgas, PAGE 4 Are you a born ihanager? So's Clinique's Hair Gel. ft t: ,/A. V A v A A CLINIQUE SKM SUPPLIES FOR MEN
      28 words
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  • SHIPPING TIMES
    • Article, Illustration
      Barber Blue Sea to quit Anera
      316 19  -  Grouping will be left with 11 members By LINDA CHEE BARBER BLUE SEA will be out of the Asia North America Eastbound Rate Agreement (Anera) effective July 30. The Norwegian ro-ro carrier is believed to have said that it was not competitive to stay
      316 words
    • Article
      Lock icon Sea-Land may get operating subsidy
      175 19 Seatrade Week SEA-LAND Service Inc may eventually get operating subsidies, if a bill recently introduced in the US Senate is passed. Senators Ted Stevens and Daniel Inouye have sponsored a bill which would make 12 Sea-Land ships, D-9J's built in Japan and Korea, eligible for
      Seatrade Week  -  175 words
    • Article
      Lock icon Belfast yard offered to Indian tycoon
      194 19 Reuter THE BRITISH government has offered to sell Northern Ireland shipbuilder Harland and Wolff PLC to Indian-born shipping magnate Ravi Tikoo. The report in the Guardian newspaper, which could not be officially confirmed, followed remarks by Northern Ireland Secretary Tom King about government plans
      Reuter  -  194 words
    • PORTSIDES
      • Article
        Two Korean lines officially quit
        96 19 KOREA SHIPPING CORPORATION and Cho Yang Shipping have both tendered official resignation notices to the Far Eastern Freight Conference. KSC sent in its quit notice a week ago and Cho Yang is believed to have resigned around the same time. After their departure from the
        96 words
      • Article
        Lock icon Lines in Jeddah trade raise CAF
        47 19 Reuter THE SHIPPING LINES in the direct Jeddah service from Australia said they will introduce a minus 4 per cent currency adjustment factor (CAF), effective July 10. The present CAF is nil, the lines said in a notice to shippers. Reuter
        Reuter  -  47 words
      • Article
        Lock icon Cypriot bulker runs aground
        57 19 Reuter THE CYPRIOT BULK CARRIER. Charalambos B. which ran aground at Laurium, Greece, during the weekend, was refloated by tugs on Wednesday morning, Lloyd's Shipping Intelligence said. The 27,071-dwt vessel, bound for Korea from Constantza with a cargo of urea, anchored at Laurium roads and after
        Reuter  -  57 words
    • Article
      CONSORTIA
      163 20 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf. Straits ports/Australia. Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • Article
      Lock icon Head-hunting on the increase
      1510 20 A growing business phenomenon in shipping industry Seatrade Mega-shipping Inc. good morning. Good morning, could I speak to Mr Smith please? May know who's calling? Mr Jones of TES. Trying to connect you. Smith. Mr Smith, this Freddie Jones of Top Executives Search Are you in
      Seatrade  -  1,510 words
    • Article
      INDEX TO ADVERTISERS
      1069 20 AB Skpg V s ABC CoMomr IX 1 Accord Skpg VI 3 Ahrenkiel liner H 3 AHtroM VII 3 AC Toepier XI s Americon Tpi I 4/5 Aiwo Service IV 2/3 Arrow I Mm IX S Asion Ocean a 4 Auoc Carriage XI 5 Atlas line i
      1,069 words
    • Article
      PMC posts bigger loss despite more work
      281 21 AN INCREASE in shiprepair contracts failed to turn around the tortunes of Philippine yard PNOC-Marine Corp (PMC) last year. The state-owned shiprepairer and builder turned in a higher net loss of P29.8 million P4.6 million more than the 1986 figure even though turnover
      281 words
    • Article
      Lock icon Envoy assures Bahrain US will defend Gulf shipping
      198 21 Reuter US ENVOY Richard Murphy assured Bahrain on Wednesday that the US was determined to protect commercial shipping in the Gulf. The official Gulf News Agency (GNA) reported that Mr Murphy, on a 24hour visit to the island, gave the Emir Sheikh
      Reuter  -  198 words
    • Article, Illustration
      Lock icon Seawise Giant declared total loss, say brokers
      261 21 Reuter THE Seawise Giant, the world's largest ship, has been declared a constructive total loss as a result of an attack last month by Iraqi aircraft in the MiddleEast Gulf, say marine insurance brokers. The 1976-built tanker of 564,739 dwt is owned by
      Reuter  -  261 words
    • Article
      Lock icon Deliveries delayed as Mississippi river level remains low
      211 21 Reuter LOW Mississippi river levels have added seven or more days to roundtrip deliveries of oil and chemicals moving up river from New Orleans to mid-western ports. The delays have cut into barge supplies and raised shipping prices, said Peter Hubbard, senior
      Reuter  -  211 words
    • Article
      Lock icon Vessel grounded
      60 21 Reuter THE BANGLADESHI vessel Bsnglar Kiron touched bottom at Chittagong port on June 24 while approaching a berth, and listed eight degrees on the port side on the same day. Lloyd's Shipping Intelligence Service said. There was no change in soundings. The 13,833-dwt vessel had about 8.000 tonnes
      Reuter  -  60 words
    • Article
      SHIPPING EVENTS
      398 21 July 6 Electronic navaids. Nautical Institute (Solent Branch) meeting, 1930 hours, College of Maritime Studies, Warsash. July 9-7 Liner Shipping in the Far East seminar to be held at the Pan Pacific Hotel. For more details contact the organiser: Singapore National Shippers' Council at *****41. July 29-Aug 13
      398 words
    • Article
      SHIPPING LIST
      6607 26 AARHUS La Sain* Triot July 1 Benalder Triot. July 4<PK). Jutlandia. ScanDutcht j u i, 4 Ever Guard. Evergreen July 4 Xing Ha China Ocean July 5 Maersk Tacoma Maersk Line. July 7 Ming Peace Yang Ming July 9 S Paniang. Diasagetri July 10/12 Villa da Saturne CM
      6,607 words
    • Article
      BUNKER MARKET REPORT
      950 26 THIS FORTNIGHTLY REPORT, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars, instead of single prices for more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
      950 words
    • Article
      BUNKER QUALITY MARKET REPORT
      126 26 Area/Port Viscosity Density Water CST at 50C G/ML at 15C Volume 0/0 Africa/Red Sea Jeddah 82/207 0.943/0.979 0.1/2.0 Durban 88/177 0.986/0.991 0.0/0.5 Arabian Gulf Ras Tanura 169/202 0.951/0.977 0.1/0.2 Bahrain 179/191 0.973/0.978 0.0/0.2 Europe Rotterdam 51/496 0.956/1.009 0.0/1.0 Hamburg 31/383 0.931/0.988 0.0/0.8 Le Havre 17/415 0.917/0.989
      126 words
    • Article
      Who acts for whom ...
      2069 28 Who acts for whom A—B AB Shipping Boustead Shpg Agencies ABC Containerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Alnca Ocean Lines Sealion Shpg (S) Ahrenmel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK) Alltrans Alltrans Express American President Lines
      2,069 words
    • Article
      LONDON FREIGHTS
      1094 28 THE LONDON shipping freights market lacked direction on Wednesday and analysts predicted the summer lull would take a gradual toll on shipowners' receipts, notably in the panamax and larger bulk carrier size ranges In the US North Pacific grain loading area, Zenhoh secured first-half August cover aboard the
      1,094 words
    • Article
      Lock icon Chevron to charter tonnage long term
      295 30 Lloyd's List US OIL MAJOR Chevron is close to agreeing long-term charters for up to four Suezmax tankers as part of a corporate fleet renewal programme. A spokesman confirmed that Chevron had approached shipyards and owners with a view to taking two to four
      Lloyd's List  -  295 words
    • Article
      International Maritime Board rescues steel cargo from ship in Beirut
      285 30 THE INTERNATIONAL Maritime Board has notched up a significant victory in its bid to reduce fraud and insurance swindle involving Lebanese ports. A cargo of steel coils worth more than US$l.4 million has been rescued from a vessel in Beirut's
      285 words
    • Article
      South Korean makers raising price of containers
      321 30 PRODUCERS in South Korea. the world's leading container manufacturer, have steadily increased the prices of their products. They are quoting at around U552,500 for a 20-ft steel unit and US$3,BOO per 40-ft for containers which are scheduled for early 1989 delivery. These compare
      321 words
    • Article
      Lock icon New Dunkirk-Alexandria run
      74 30 International Transport Journal COMPAGNIE Maritime Flandre Bretange, which has been set up by former captains and officers of Chargeurs Reunis, will launch a service between Dunkirk and Alexandria. One newly acquired 3.200-ton vessel will accept mainly project ship- ments on the outbound voyage. A second vessel, which
      International Transport Journal  -  74 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      842 19 TIMES STP Distributors WW/ OigENT OVEIQEAS Container LINE NORTH AMERICA ATLANTIC EXPRESS (ROW® THE WORLD ROUTING' EXPORT jSoiNI SHIPPING AGENCIES (Reg No *****4/ OOK) 200 Cantonment Road #12-05 Southpomt. Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAL/CFS Tel *****18 220 BOOKINGS Tel *****34 235 PCSAKA JARDINE SNIPPING AGENCIES SON
      842 words
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      Page 19 Advertisements Column 2
      103 19 mm EXECUTIVE SEARCH is growing in the shipping industry. The industry has been slower than many to come round to the view that head-hunting is, in the words of a leading head-hunter, a 'necessary evil*. Page II AN INCREASE in shiprepair contracts failed to turn around the fortunes of Philippine
      103 words
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      Page 19 Advertisements Column 3
      718 19 o,o° V ft* TIMES STP Distributors |s<7^ hjf MAERSK LINE YOU ARE AHEAD WITH OUR ARRIVALS FM EUROPE EVERY MONDAY Voy S port Th« wee* M TACOMA Oovng Time CY 6/7 2300 MRS CFS 6/7 1300 MRS To Europe -UK Scandinavia Finland rr« M TACOMA HlO M ROTTERDAM HO* To
      718 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      585 20 «L Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT BENALDER KURAMA MARU BENAVON OSAKA BAY KAGA KASUGA-MARU LARGS BAY HAMBURG BREMERHAVEN ROTTERDAM/I ANTWERP ALSO ACCEPTING CARGO TO: AU UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG, MALMO. HELSINKI OSLO AMSTEROAM. CARIBBEAN 1 S AMERICA CONTAINER SERVICE FROM UK/CONTINENT CONV/SEMI-CONTAINER SERVICE TO MED EUROPE
      585 words
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      Page 20 Advertisements Column 2
      99 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. S? C SAV Comprint Sudfimcncur.i :;<> Vjpcrt sS A c- r. 1 l <nr \f 'J/.' EXPBESS SHMCI TO/FROM CHILE FEEDCR VESSEL CSAV 1 CSAV I CSAV 1 S-POtC *p W vsp MOTHER
      99 words
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      Page 20 Advertisements Column 3
      434 20 I AMERICAN TRANSPORT LINES, INC U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO y223l E3GS E3 CZfl umaaaEuiiai I 1 11 II 11 i A. r a AmTV»n»- BY FEEDER VESSEL TAMPA OTHER US EAST COAST POUTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA PUERTO CABELLO, SANTOS, RIO GRANDE. PARANACUA. RIO
      434 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      696 21 "T* 1 Mansfield Container Shipping Re Ltd P&O Containers CONTAINERS!* SERVICE TO UK/CONTMENT: The Straits Steamship Group STRAITS SHIPPING Singapore to Sabrt. Sarawak, Brunei Ports and Bangkok PEGASUS PROGRESS BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****00 -1 .V,t e JI-*J jA ./j ,f.i; i »i:] gij ;n i OCEAN STRENGTH
      696 words
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      Page 21 Advertisements Column 2
      650 21 Eli EUROPE ttUEI TM TT IF 114 11.17 ■F 111 23J7 IF 117 M M ■Fill MM iuta EE 114 an rm iemtm |ee lis lilm EE 111 2LM EE 117 111.17 K'l 1 jn I Ef 114 122J7 EF lIS KM G«MfM Ag*nt I- 'j'l'-M I TAMA* SE* WA
      650 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      354 22 US I NOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES HI KYOWA LINE PUNO POLLUX Singapore Loading forIn Port Karachi 16/7 Karachi TAIYO MARINE LINE PAKARTI LIMA 1331 LOAD FOR FEMANTLE, PORTLAND TRANSPORTACION MARITIMA MEXICANA, S.A. COLIMA V-17 TOLUCA V-l Ml TLA V-15 MEXICO SERVICE HKG KEE
      354 words
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      Page 22 Advertisements Column 2
      853 22 K line FULLY CONTAINERISED SERVICE >11 S .HI lIIID IM MtWTH AMfRICA (WIS! COASi Mi LA OAK SEA 16/7 21/7 31/7 u/T nn nn m w 90 2/1 mm it m- m »> IM 14/1 an 9/i PERSIAN GULF ,OAOt* FOB w. -I loili co. <rrt) ltd. Amok Road, #14-19/20
      853 words
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      Page 22 Advertisements Column 3
      317 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI; ETA 4/7 22/7 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE HfEMANTLf AUCKLAND, WELLINGTON, IYTTIFTON, DUNE DIN ft NAPIER 5/7 ft 11/7 5/7 ft 13/7 7/7 ft 23/7 EUROPE HAMBURG, ROTTERDAM FELIXSTOWE, LONDON Also occaptfng to: Scondlnovtan ft Evropoon inland dostn. 9/7 ft
      317 words
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      Page 22 Advertisements Column 4
      876 22 omrrinu iimcs, rriaay, uuiy 1, lsoe EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GROWTH EVE* GUANO EVER GIFTED ALSO ACCEPTING CARGO TO I) WWIgtWCt jMJ£RK IRNRNNAH. ROSTON PHILADELPHIA. NORFOLK JACKSONVILLE. ■lIMINGTON RCRMUOA ETC a ATLANTA. CHICAGO DETROIT. COLUMRUS t OTHER MAJOR MICRORRIOGE DESTINATIONS I) RALROA. LMON 4) MONTREAL.
      876 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      798 23 \v 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 Wn KA FORTUNE BfTEGRA SEA FORTUNE BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE KOTA MAWAR FIT A BHUM VESSEL SEA FORTUNE SEA FORTUNE RED SEA/EAST
      798 words
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      Page 23 Advertisements Column 2
      535 23 \r% BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STON NAM HAVEN ROAM HAVNE w w an an w an on an an wi an an vn on an an m tn tn «n w 114 W W IV 11 HH IM UK M M M *4 im an m
      535 words
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      Page 23 Advertisements Column 3
      453 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES VSL/VOY S POKE BILBAO ANTWERP H'BURG/ ROAM/ADAM BREMEN S. PANJANG/19WB 10-12/7 S/8 11/1 'A* VESSEL 28-21/7 27/8 30 8 KUTAI/15WB 118-1 M I— 19/9 22/9 Subject to Inducement.
      453 words
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      Page 23 Advertisements Column 4
      487 23 BOUSTEAD SHIPPING AGENCIES PA-AN VI2BW PAGAN VUMV HTOWEYWA V237W PAGAN VI3OW BURMA FIVE STAR SHIPPING CMPnUATIfIH (Burmese National Line) Loading for Rangoon pore P.Kelang Penang Bangkok S'pore PJ 30 Junl 2 Jul 21 Jun/ 1 Jul 7/11 Jul 14/11 Jul BANK LINE SEMI-CONTAINER SFRVirr I.lT.VAaNliatf.lJ.VUlti'i TAMAITAI SAMOA VI3N FORTH BANK
      487 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      657 24 KAWASAKI KISEN KAISHA, LTD. 'K'linb N. AMERICA-ATLANTIC COAST ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE VOY *INDO 20 3/7 VOY LB 19 28/5 ORIENTAL CHIEF TRANSWORLD BRIDGE NEPTUNE DIAMOND NEPTUNE CRYSTAL VOY CHINA CONTAINER 45E HONGKONG CONTAINER 55E KOREAN JACEWON 63E
      657 words
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      Page 24 Advertisements Column 2
      356 24 r,in: 1/ tj Accepting LCL and containerised cargo** Direct to South Africa NEDLLOYD COLOMBO SBSF OSAKA MARU 5740F CANOPUS 0901F HAYAKAWA MARU 5430G VIRGO OOIG VAAL 5536G Sport Durban P.EIII CTo> 1/7 14/7 W1 17/7 10,7 ni 25.7 IW7 Id 7/1 1M P.EJII C.Town Durban 14/8 17/6 7/S 14/6 25/6
      356 words
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      Page 24 Advertisements Column 3
      583 24 'M INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers V NANDINI VSW TIGER MY 38 VISMVA PAR MAI V2IM ORIENT SUCCESS V.IIA FREMO SIRIUS V C-l INDIAN COURIER V 32N TIGER lAY V JIN ORIENT SUCCESS V.lll SO MANIPUR V.3BH TIGER BAY V «W ORIENT SUCCESS V.112 INDIAN COURIER VJ3N TIGER
      583 words
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      Page 24 Advertisements Column 4
      737 24 GOLDEN LINE VG &V GUAN GUAN SWUNG (PTE) LTD V a T*«ot Ay*r StrMt IP-"* 4 SINCAPORE 01M TEL UUM (M LIMES) Fn SHfiM STRAITS/PERSIAN GULF SERVICE: Sport P.Kaianf P«w« GOLDEN WONDER Karachi/Dubai/Dammam 1/9 July QOLDEN HAVEN CotanDo/KaradM/Dgta. 21/29 Juty CHINA SERVICE •Al YUN SHAN Shan«hai M iuty A VESSEL
      737 words
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      Page 24 Advertisements Column 5
      429 24 PHIU-Oni€NT LIN€S PT€ LW HEAD Off ICE 63 ROBINSON POAO '0? 1? AFRO ASIA BUILDING SINGAPORE 01C5 TELEK RS ?67?0 PMIII f Alt ?*****t EAST/MR EttT FCI i LO. IBWK l- iii A ETA SINGAPORE DUBAI DAMAN. KUWAIT BOMBAY. DOHA, MUSCAT, BAHRAIN. AW DHABI SHARJAH ITIVI I'll I V-jil S/7.
      429 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      904 25 NEPTUNE ORIENT LINES LTD Sport NEPTUNE AGENCIES PTE. LTD Fl Q#n#fsl Enquiries: T«l: 278*977 Tal No Taratinal CFS BOOKINGS *****22 *****53 P Kaiang NEPLINE SON BHD 36H007 K Lumpur NEPLINE SDN. BHD *****33 Ptrunj NEPLINE SON. BHD *****5/*****0/*****1/*****2 J.Bahru NEPLINE SON. BHD. *****0/*****1 FE EU'AUST T PA/SEA *****53 *****42 2790M9
      904 words
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      Page 25 Advertisements Column 2
      442 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, KEELUNG. BUSAN, INCHON WEF JUNE:- 1 WNGAPOUE 2) SINGAPORE/ KEELUNG 1« DAYS SERVICE II SERVICE!! Vmml'i Name ETD BS S PORE PKELANC KEE BUSAN MOJI Ho I Donam/MSN 11/W In Port 04-0507 13-13/07 l(-ll/07 20/07 WW 0-***** 11-IM7
      442 words
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      Page 25 Advertisements Column 3
      719 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING H, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** rtNAnIG p KFLANG MESSRS MAI THONG SHIPPING 127 Penan, Street, Penary Malays* M /S HANDLING SYSTEM CO
      719 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      328 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTO. TEL 225 6868 >30 Lines* 'AX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD Vtß DEUTF R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE ARKONA 5,88 [16,7 |20/7 1/1 |lolt FAHRLANO 6/88 HAVELLAND 5,88 1/9 I 1/9 I
      328 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      181 26 Regional Weather Yi /i K V, •I m s* L*E; K 11 Ak~_T~ «W^ e3 -»N SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 1, 19M R Thunderstorm Temperature /C\ A Weother —X Wind direction w.th speed m knots Ra*i Cloud. sk, Surface winds O'e indicated by arrows which
      181 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      468 27 FARGO SHIPPING COMPANY (PTE) LTD. No 15 Hoe Chiang Road #13-02 Sanford Building. Singapore 0208 .Tel *****22 Jlx ***** FASCO ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND niij' '"i"i "".■■i". .'l'Miwjii'.'ir 1* DATS TO BTDNET! TO USA/CANADA vs. W—l- 204 C. torataM 205 TiM Eiprtu 207 Also accepting cargo to:USA —Houston.
      468 words
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      Page 27 Advertisements Column 2
      272 27 [CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fax: *****15 LCL FIXED TWICE WEEKLY CONSOL NAGOYA 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, GOTHBiBURG. ALL EUROPE BASE PORTS ALL USA PORTS
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      Page 27 Advertisements Column 3
      1420 27 r SJJJ.i'J J J Msf*« AT CONVENTIONAL WHARVES KEPPEL WHARVES Anhua,»ong Boogobiio Continent I Eastern Glory Federal F U| Ffotomon.io Kop ten P.ne Motarom Qinghecheng S'thern Cruiser SO Mompur Tram fjord V'S*wa Nond< Yuheng No 2 Sift Mock Che Hon* Hommo"io lin Pe*al»ng 3 Pyramids SOMOIIO PASIR PANJANG Azucor I
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      559 28 FINE-LINER SHIPPING B3i {CI Shentop Aiy (M O.'C M trim Hojsp S pee O.W m PTE LTD Tfi WW'-' (s line'.) Tl X RS <7MI fllNfß fAX EUROPE SERVICE FAR EAST SERVICE |l 1 -ilJnll.. -Ti- J T tf ISS 1$ 1$ MIDDLE EAST GULF SERVICE I I"Q DUI SMJ
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      Page 28 Advertisements Column 2
      587 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL carjoej to USA East t West Coast Carribbean East Canada HAITI CotU Rica. El Salvador. Guatemala Honduras. Venezuela Peru. Ecuador. Colombia via Miami. Trinidad Barbados. Anti|ua St Lucia. Montscrrat. Guayana via Kingston TTlTilTßTlll AUSTRALIA CONTAINER SERVICE ACCEPTIW CARGO TO ADELAIDE Vl* MELBOURNE AND ALSO
      587 words
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      Page 28 Advertisements Column 3
      400 28 Everett Lines! Sf COMPANIA PERUANA 9 DE VAPORES 5 'ERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER in >OH NEVE RETT MURRAYEVERETT TMOMASEVERETT AND CALCUTTA#, ALSO ACCEPTING CONTAINERS TO CHITTAGONG AND CALCUTTA# Simipoft P. Kalang* Pmn TMOMASEVERETT 3/4 Jul 4/7 Jul MANOLOEVERETT 7/ 9 Aug U/12 Aug
      400 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      340 29 LEO SHIPPING AGENCIES PTE LTD TEL: *****29 (6 Lines) Tlx FAX NO *****59 RS ***** NEOSHP JEBSIN SHIPPING PTE LTD TEL: *****33 rs A SPORE LGB OAK SEATTLE JEBSIN 219 7/7 1/8 4/8 7/8 JEBSIN 220 14/7 8/8 11/8 14/8 SPORE VAN B.C TOR MTL JEBSIN 434 6/7 25/7 29/7
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      Page 29 Advertisements Column 2
      241 29 Consolidation Service NEW CALEDONIA TAHITI SIN 5/7 NOUMEA 9/8 PAPEETE 20/8 MAURITIUS REUNION ISLAND SIN 5/7, 16/7 PORT LOUIS 15/7 REUNION 26/7 FRANCE SIN 12/7 MARSEILLE 28/7 LE HAVRE 11/8 TRANSTAINERS 0 DELMAS-VIEUEUX WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight Pte Ltd
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      Page 29 Advertisements Column 3
      326 29 k. TEL: *****11 FAX: *****47 TELEX: R8 ***** SKHST LCL/FCL SERVICE Also accepting cargo lo KEELUNG KAOHSIUNG CHINA Ivia HONG KONGI P KFI ANG BUSAN A JAPAN E MALAYSIA BRUNEI PORTS EUROPE USA CANADA AUSTRALIA MERCANTILE CONSOLIDATORS MERCANTILE CONSOLIDATORS (SINGAPORE) PTE LTD Weekly consolidation at our CFS 200, CANTONMENT ROAD
      326 words
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      Page 29 Advertisements Column 4
      577 29 GLORY NAVIGATION GROUP BEBULAB LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' CUNY SELATAN VII V S3 O.ORY SCLATAN VIII P L PN BL» KAON 2W 2M 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM
      577 words
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      Page 29 Advertisements Column 5
      295 29 PTC CONTAINER LINES FCI/LCI SERVICE PIC GROUP B C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL. 17/7 HAIRATAN/KABUL/TOURGHUNDI WORLD FREIGHT SERVICES LTD International NVOCC Container-Liner Weekly Service To and Frocn U.K. (Accepting cargoes for all inland destinations in U.K. ape n ts POH TIONG CHOON SHIPPING (PTE) LTD TEL
      295 words
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      304 30 11l Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** t I \M I k\ \K I I\ I K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Yokohama Nagoya 29/7 I Osaka 27/7 Senboku Moji •Subject to cargo inducement NOTE: ALSO
      304 words
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      Page 30 Advertisements Column 2
      414 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CAN ADA/HEX ICO AND FRENCH WEST INDIES VSL Sport ILsHavrt [Connecting VSL JUTLANDtA VW if! lIP STUTTGART EXP KORRICAN VZB 11/7 S/7 OUSSELDORF EXP Houston/tooiio N. DELFT VZB 11/7 4* NUERNBERG EXP Vera Cna. Huico City. Also serving Halifax, Montreal.
      414 words
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      Page 30 Advertisements Column 3
      91 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES nnnhuu mtm m m in Tel: *****88 (8 Lines) Tlx: RS ***** SEAFIX INDONESIA/JAPAN SERVICE SPORE PBARU PTK BJN 15/7 11/7 20/7 LOADING FOR OSAKA NAGOYA. TOKYO STRAITS/S. KOREA SERVICE STORE K K TAW LOADING FOR; YSI 15/7 20/7 INCHON,
      91 words
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      Page 30 Advertisements Column 4
      788 30 *****53/*****11 04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 '02-*****22 *****88 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEKd M:" ''"ii-Vni'i" tti rTTTTTTT fT7rr BUTANG 4Q B. BUTANG m tut o£ NIHOH OTM£R DESTINATION* AARNUS. AMSTERDAM. MMSP
      788 words