The Business Times, 8 July 1988

Microfilm: NL16221
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, JULY 8, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    245 1 AFP Dow Jones lower NEW YORK stocks declined broadly early yesterday in a carryover of selling from Wednesday's drop. The Dow Jones Industrial Average fell 6.40 points to 2,123.76 in the first half hour of trading. Losers outnumbered gainers by nearly five to two with 276 up
    AFP  -  245 words
  • Article, Illustration
    KL stocks lead widespread fall
    337 1 THE LOCAL stock market saw share prices fall across the board yesterday as jittery investors bailed out in the light of the worsening judicial crisis in Malaysia. Elsewhere in the region, except in Tokyo, short-term bullish sentiments pushed share prices higher. In Singapore, Malaysian issues
    337 words
  • Article
    SES starts new system today at OUB Centre
    236 1 AFTER WEEKS of mock trading, the Stock Exchange of Singapore launches a new floor trading system today at its new office at the OUB Centre. Under the new system, orders to buy and sell shares in the ready market will be relayed
    236 words
  • Article
    National Kap seeks listing on Sesdaq
    381 1  -  By LISA LEE ELECTRONICS FIRM National Kap Ltd (NKL) will become the third company this year to seek a public listing on Sesdaq. National Kap. the 10th entrant to Sesdaq, will offer four million new shares of 50 cents par value each at an
    381 words
  • Article, Illustration
    Lock icon Lee urges NICs to work out trade policies with OECD
    585 1  -  Risk of retaliation greater if adjustments are delayed, says PM By LOH HUI YIN NEWLY-INDUSTRIALISING countries, for their own good, should consult the developed nations of the Organisation for Economic Co-Operation and Development to work out suitable policies to avoid
    Photo by YOW YUN WOH  -  585 words
  • Article
    Conflicting reports on US stand pushes dollar down
    188 1 NERVOUSNESS over conflicting reports on the American government's stand on the US dollar pushed down the greenback yesterday in the Asian foreign exchange markets. As a result, the the dollar closed easier against the Singapore dollar and major currencies in volatile trading.
    188 words
  • Article
    Lock icon Tribunal finalises Salleh report
    402 1 UPI Bernama THE SIX-JUDGE TRIBUNAL investigating government allegations of misconduct against the suspended head of Malaysia judiciary, Lord President Tun Mohamed Salleh Abas, completed its final report yesterday, but was prohibited from submitting it to the King until a restraining order was lifted. "Until then, the
    UPI; Bernama  -  402 words
  • Article
    Lock icon Judge denies talk of resignations
    94 1 Bernama MALAYSIAN Supreme Court judge Justice Datuk Harun Hashim yesterday denied several judges, including himself, had resigned. "There was enough excitement around us," he told reporters in Kuala Lumpur when asked to verify widespread rumours of judges resigning following Wednesday's suspension of five Supreme Court
    Bernama  -  94 words
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      158 1 -TTTTT 7 ADVANCED BATTERIES for commercial, industrial military applications FOREIGN CURRENCY INVESTMENT MADE EASIER FOR YOU SSIO.OOO I minimum LAjLI ow you need only S$ 10,000 to invest in foreign currency at Citibank. And get an opportunity to earn high rates of interest. You can choose among 9 currencies. You
      158 words
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      Page 1 Advertisements Column 2
      356 1 Full report, PAGE 16 Regional Mkts, PAGE 18 World Mkts, PAGE 19 S'pore likely to btntflt from Seoul's buy list, Back Pag* Leader, PAGE 8 Towards 2000 NO ONE WOULD really deny that the Asia-Pacific region is the world's growth leader. But how well the region actually performs as it
      356 words
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      Page 1 Advertisements Column 3
      7 1 Johor Bar Committee expresses concern, PAGE 4
      7 words
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      Page 1 Advertisements Column 4
      51 1 Minolta EP49OZ with Simul-Color, Vitalis GEL Get hair into shape with new Vitalis Gel. Create the look of the 80's. Style it slick and chic. Now, you can enjoy the control of creams but without that greasy feeling on hands and hair. Vitalis Gel is the new, greaseless, hair-groomer for
      51 words
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  • HOME NEWS
    • Article
      Castrol gears up for $2m expansion programme
      416 2  -  By GENEVIEVE CUA LUBRICANTS giant Castrol is expanding its Singapore manufacturing facilities to diversify into more specialised products, such as chemical cleaners and metal working oils for the engineering industry. The S2 million expansion is part of a long-term plan to make Singapore
      416 words
    • Article, Illustration
      Ho Kok Cheong's office sold for $1.46m
      377 2  -  Property auction sees 80pc success By LEE HAN SHIH PROPERTY MAVERICK Ho Kok Cheong's huge office in People's Park, part of which was once used as a nightclub, was yesterday sold for $1.46 million in an auction. The buyer of the 982.3 sq
      377 words
    • Article
      Teng Cheong praises union for sacrifice during recession
      221 2 SECOND DEPUTY Prime Minister Ong Teng Cheong last night praised the National Transport Workers Union (NTWU) for convincing its members to forgo wage increases "during the 1985 to 1987 recession". Speaking at its 7th anniversary dinner at the Neptune Theatre Restaurant, he
      221 words
    • Article
      Another 500 ha for greenery
      127 2 SINGAPORE will have a further 500 hectares of land set aside for parks and gardens, bringing the total amount of land reserved for greenery to 2,300 hectares. The Ministry of National Development said it plans to develop these spaces into good quality parks and gardens.
      127 words
    • Article
      MEMO PAD
      507 2 Seminars and Courses i K EG CAHNERS EXPOSITION GROUP 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 14-15
      507 words
    • Article
      'S'pore poised to become global service centre'
      412 2 SINGAPORE'S advanced telecommunications infrastructure has placed it in a strong position to become a global service centre, a visiting US expert on services trade said yesterday. But as the world becomes more inter-linked through computers and information technology, Singapore will have to ensure
      412 words
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      136 2 I HAVE ALREADY BOUGHT MINE. HOW ABOUT YOU? y r use k 4x f t gi "''.l i II ini"" iiHllllitc VIEWPOINT SHOW-APAR'TMENT NOW OPEN TO CONVINCE YOU TO OWN ONE OFTHE REMAINING FEW Viewing Hour: Daily 12 to spm 51 Meyer Road Te1:440 3271 Developer: Belvoir Properties Pte Ltd
      136 words
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      Page 2 Advertisements Column 2
      27 2 Do real men exfoliate? You bet! It wakes up the skin and better looks. Ask Clinique 0 C D oV v *4 CLINIQUE SKIN SUPPLIES FOR MEN
      27 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Don't let the virus scare make you a hermit
      716 3 (p(j> By JT WITH THE VIRUS SCARE that is now sweeping through the community of personal computer users, newcomers are justifiably afraid. After all, like the human variety, electronic viruses are debilitating for computers, causing files to be erased and other
      By JT  -  716 words
    • TECH-TAKES
      • Article
        Lock icon Particle accelerator helps in photographing proteins
        259 3 NYT USING A NEW particle accelerator, scientists at Cornell University have taken a snapshot of protein molecules with what amounts to a shutter speed of a billionth of a second. The scientists now hope to be able to capture changes that occur as often
        NYT  -  259 words
      • Article, Illustration
        New monkey species found
        177 3 A BRITISH ZOOLOGIST has discovered a new species of monkey which features a white ruff around its neck, a powder-blue scrotum and a tail that is flaming yellow-orange. The name that zoologist Mike Harrison of Edinburgh University gave to his find? Cercopithecus solatus or Sun-tailed Guenon.
        177 words
      • Article
        Lock icon Race to make super train
        208 3 NYT HOPING TO WIN a big US order. West Germany is making a determined attempt to beat Japan in a high-technology race to produce the world s first high-speed magnetic levitation train. The revolutionary train uses magnets to propel it above a steel track at
        NYT  -  208 words
      • Article
        Lock icon Multi-purpose CD player
        61 3 Reuter MATSUSHITA ELECTRIC Industrial will start selling a multi-purpose laser vision disc player in Japan from Aug 21. The company said in a statement the LX-300, priced at about US$l,l5O. can play two sizes of compact discs, compact disc videos, and j two sizes of laser discs
        Reuter  -  61 words
    • Article
      Local software house on export trail
      562 3  -  Unique products in the offing By JEFFREY TSANG LOCAL SOFTWARE HOUSE Information Engineering Services is hitting new export markets armed with some unique computer products including software for fleet management, building maintenance as well as a database machine. A subsidiary of the Chuan Hup
      562 words
    • Article
      Lock icon Manned mission to Mars in about 20 years
      115 3 NYT SCIENTISTS in Moscow for yesterday's launching of an expedition to the Martian moon Phobos heard the outline of an exploration that could culminate in a manned mission to Mars in 2010. Roald Sagdeyev, the head of the Institute for Space Research
      NYT  -  115 words
    • Article
      Lock icon Computer-aided translation round the corner
      420 3 AP TRANSLATING DOCUMENTS from Japanese to English has been a major task for many Japanese companies whose products are primarily aimed at foreign markets particularly the US and requires millions of dollars and thousands of man-hours each year. One answer, says computer maker Fujitsu, is
      AP  -  420 words
    • Article
      Lock icon US firm to buy know-how from China
      512 3 AP AN AMERICAN COMPANY announced yesterday it would buy advanced technology from China, an unusual agreement that reversed the roles of the two countries in most high technology transfers. The US company, EG G Inc, will buy technological know-how and components for developing
      AP  -  512 words
    • Article
      Study on human intelligence
      211 3 A LEADING Japanese electronics maker has announced it will begin conducting basic research on human intelligence next year at a laboratory to be set up near Princeton University in New Jersey. NEC Corp will be the first major Japanese electronics manufacturer to set up a basic
      211 words
  • Page 3 Advertisements
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      18 3 coa&bns? Bow will oar M'um i i I iasuee and more, in a high-tech management seminar from ■Sfc'
      18 words
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      Page 3 Advertisements Column 2
      206 3 How you can do three months work in one day! AT INTERNEPCON* Quality zero defects high throughput minimal downtime. These buzzwords are important goals for staying competitive in the international electronics manufacturing industry. Hundreds of new ideas and products to help you achieve operational efficiency will be featured at Internepcon/Semiconductor
      206 words
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Roh seeks co-existence, cooperation with communist North Korea
      557 4 AFP SOUTH KOREAN President Roh Tae-Woo yesterday offered a broad blueprint for better relations with communist North Korea. including trade, two-way visits and correspondence between divided families. "The world, is entering an age of reconciliation and cooperation transcending ideologies and political systems,''
      AFP  -  557 words
    • Article
      Lock icon Nationalists vow more changes
      381 4 Reuter TAIWAN'S ruling Nationalists yesterday pledged a top-to-bot-tom reform of their party at the start of a congress that is expected to approve sweeping leadership changes. More than 10,000 delegates packed into a sports stadium outside Taipei for an opening ceremony at which acting chairman Lee
      Reuter  -  381 words
    • Article
      Lock icon 'Foreign sabotage on the rise in China'
      360 4 Reuter CHINA'S head of police revealed in a highly unusual statement on Wednesday that acts of sabotage were being plotted abroad and increasingly perpetrated in China. The Minister for Public Security, Mr Wang Fang, warned police chiefs attending a national security conference in
      Reuter  -  360 words
    • Article
      Lock icon Aquino will not stop Marcos from returning for trial
      226 4 AP PRESIDENT Corazon Aquino will not stop Ferdinand Marcos from returning to the Philippines to face trial on charges of stealing billions of dollars during his 20year rule. Mrs Aquino made the remark before Wednesday's Cabinet meeting. She was asked by
      AP  -  226 words
    • Article
      Lock icon Johor Bar Committee expresses concern
      612 4 Suspension of judges Bernama, AFP THE JOHOR Bar Committee has expressed concern over the suspension of Supreme Court judges, which it said would "further erode the concept of separation of powers vital to the country." In a statement issued yesterday after a meeting to discuss
      Bernama,; AFP  -  612 words
    • Article
      Lock icon China, Brazil sign space cooperation agreement
      233 4 Reuter CHINA and Brazil on Wednesday signed an agreement on joint development of two satellites, a move to break into the West's monopoly of advanced space technology. The agreement was one of eight signed by Chinese Foreign Minister Qian Qichen and his Brazilian counterpart
      Reuter  -  233 words
    • Article
      Lock icon HK Law Society to lobby British MPs on Basic Law
      148 4 AFP A HONGKONG Law Society delegation will travel to London this Monday to meet British MPs ahead of a parliamentary debate on a draft constitution for Hongkong after 1997. The four-member delegation, led by Law Society president Simon Yip, will
      AFP  -  148 words
    • Article
      Asean lauds Japan's offer to finance peace forces
      536 4  -  By DAVID CHEW ASEAN YESTERDAY welcomed Japan's offer to finance an international peacekeeping force in Cambodia in the event of a political settlement there. According to reliable sources, Singapore Foreign Minister S Dhanabalan said the Japanese offer was timely, and that Asean
      536 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      921 4 ARRIVALS Operator Serrtco Local From number finw MAS MH651 0910 KAL KE697 0910 SEL/MNL FWAYS N172FC 0915 CXI MAS MM630 0920 KUL SIA S0103 0950 KUL cpx CX710 1015 CGK swt SR186 1025 ZRH/8KK G4A GA960 1100 CGK SIA SQ105 1105 KUL MA •1421 1130 •WN SAS
      921 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
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      Page 4 Advertisements Column 2
      38 4 I f II \I I If 1\ I The business person's choice every I A I y I lJL~*r hour* and arriving Heathrow •arty the foJkjwmg morning. Cal your Travel Agent or Air Canoda at *****55. AIR CANADA
      38 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      80 4 m m m 1 M r A i well,itssorj OF A PERSONAL VEHICLE. ITS ABOUT THE NEW L AGS... Qm THE NEW AGE* IS THAT TIMING* THE NEW AGE IS HOT, HOT, HOT! rrs CALLED "FUNK-HA -m*A 0^ JTA ACTRESS I HO, SHE'S A U/AIT! I SEE r VL /m
      80 words
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  • REST OF THE WORLD
    • Article
      Lock icon UN Security Council to meet over downing of Iranian jetliner
      408 5 UPI THE UN Security Council will meet next week on Iran's demand for a resolution condemning the United States for downing an Iranian jetliner and killing all 290 people aboard, a UN official said on Wednesday. Mr Paulo Nogueira-Batista of
      UPI  -  408 words
    • Article, Illustration
      Lock icon Call for European government
      199 5 AP THE TIME has come to consider a European government, the president of the EC Commission told the European Parliament on Wednesday. "We will be unable to take all the decisions necessary between now and 1995 without the existence in some form or another of an
      AP  -  199 words
    • Article, Illustration
      Lock icon UK property prices rise 10pc
      182 5 UPI HOUSE PRICES across Britain leapt by an average 10 per cent in the three months /to June, the na-tion-wide Anglia Building Society said in a bulletin published on Tuesday. The increase was the second largest quarterly price rise ever recorded by the society, which
      UPI; a Punch cartoon  -  182 words
    • Article
      Lock icon Aids test for mortgagors
      71 5 AFP AIDS TESTING is fast becoming a requirement for obtaining a mortgage in Britain, Mr John Dawson, under-secretary of the British Medical Association, said on Tuesday. Insurance companies were increasingly demanding that applicants for housing loans in excess of £50,000 (US$B5,OOO) be tested for Aids, Dr
      AFP  -  71 words
    • Article
      Lock icon Ecologist bank attracts 2,500
      86 5 AFP ABOUT 2,500 people have opened accounts with Oekobank. West Germany's first ecologist bank which opened on May 2, a bank spokesman said on Wednesday. In the past two months, the bank's operating funds have doubled to 13 million deutschemarks (US$7 2 million) and clients from
      AFP  -  86 words
    • Article, Illustration
      Lock icon Heat wave aggravates US pollution problems
      377 5 Reuter A RECORD-BREAKING heat wave descended on the US Midwest on Wednesday, aggravating the drought's devastating impact on crops and making the air dangerous to breathe. Record temperature readings around the 100-degree mark (38 Centigrade) were forecast for much of the Mid-west. The devastating
      Reuter  -  377 words
    • Article
      Lock icon US-Soviet grain talks resume under pressure
      236 5 Reuter THE DROUGHT threatening America's crops this year could pressure US and Soviet negotiators to get a new grain pact in writing as soon as possible. US and Soviet officials started meeting in Vienna yesterday in the third round of talks renewing a multi-billion-dollar,
      Reuter  -  236 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      6 5 US rote lacks definition, PAGE 9
      6 words
    • Advertisement
      Page 5 Advertisements Column 2
      142 5 \m \/wi\ si/: s7//'f/( s/ mwir, steeiumi Turns corners as well as it turns heads. The new Nissan Pulsar Super SLX is the only 1.3 with power steering. And, with its power windows and central locking, you won't have to lift a finger to enjoy smooth, easy luxury that's unique
      142 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      191 5 Wl //SS^ "SS/ Va Adelaide Amsterdam Athens Bahrain Bangkok Barbados Max/ Note Mln (°C) 15/09 Showers 20/12 Cloudy 40/25 Clear 30/30 Cloudy 33/24 Clear 30/25 Clear 26/20 O'cast 29/22 Sunny 38/24 Clear 24/16 Cloudy 31/27 Cloudy 20/16 Cloudy 22/10 Fine 21/13 Clear 32/20 Clear 10/02 Clear 39/25 Clear 13/11 Rain
      191 words
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  • COMMODITIES
    • Article
      Lock icon Manufacturers urged to join Sirim's quality scheme
      317 6 Bernama MANUFACTURERS of dipped latex products in Malaysia are advised to consider participating in the Standards and Industrial Research Institute of Malaysia's (Sirim) scheme for the assessment and registration of quality systems. The head of Sirim's unit for development technical programmes Rajinder Raj
      Bernama  -  317 words
    • Article
      Lock icon Opec committee keeps in touch
      189 6 Reuter OIL MINISTERS on Opec's price monitoring committee have been in contact over the past three days to discuss the drop in world oil prices and violations of Opec quotas, Energy and Mines Minister Arturo Hernandez Grisanti said in Caracas on Wednesday. Speaking after a
      Reuter  -  189 words
    • Article
      Lock icon Bigger Soviet harvest may offset shortfall in American wheat
      261 6 Reuter DROUGHT in the US farm belt threatens lower world grain output in 1988-89, but an expert forecast on Wednesday suggested that a bigger Soviet harvest may partly offset the American shortfall. If the weather does not turn hostile in the
      Reuter  -  261 words
    • Article
      Lock icon Grain output forecast lowered
      155 6 AP THE INTERNATIONAL Wheat Council on Wednesday cut its estimate of 1988-89 world grain output to 1.278 billion tonnes from 1.320 billion tonnes forecast last month, reflecting the ravages of drought on North American crops. Output in the 12 months up to June was 1.313 billion
      AP  -  155 words
    • Article
      Lock icon Sugar futures hit seven-year high
      79 6 Reuter WORLD SUGAR FUTURES closed on Wednesday at their best closing levels in seven years as heavy trade buying in October carried the market sharply higher, traders in New York said. On turnover of 42,756 lots, spot October closed up 1.17 cents to 13.99 cents
      Reuter  -  79 words
    • Article
      Lock icon High prices expected to push up natural rubber output
      167 6 Reuter PRODUCTION of natural rubber during the next few months is expected to rise quickly because of high prices, the Malaysian Rubber Exchange and Licensing Board said on Wednesday. In its latest market review, it said demand would slow temporarily because
      Reuter  -  167 words
    • Article
      Lock icon Malaysia launching palm oil promotion fund next month
      145 6 Bernama THE LONG-AWAITED palm oil promotion fund will be officially set up next month to promote and fight palm oil industry issues at the international level. Malaysian Primary Industries Minister Datuk Dr Lim Keng Yaik announced yesterday. He told a news conference
      Bernama  -  145 words
    • Article
      Lock icon Bolivia to destroy coca crops under new law
      163 6 AFP BOLIVIA'S Chamber of Deputies voted on Wednesday to destroy two-thirds of the country's coca crops, acting over the strong objections of labour unions and peasant groups. The lawmakers, seeking to protect the environment, livestock and humans, banned the use of herbicides
      AFP  -  163 words
    • Article
      Lock icon Precious Metals
      300 6 Reuter HONGKONG: Gold closed little changed in quiet and directionless two-way trading yesterday. Bullion ended at U*****.70/439.20 an ounce against an initial 439.50/440.00 and compared with New York's close of 438.50/439.00. On the local market, gold rose HK$l.OO to close at HK54.099 a tael. The Krugerrand ended unchanged
      Reuter  -  300 words
    • Article
      Lock icon ITC sacks staff as UK court freezes assets
      99 6 Reuter THE International Tin Council, insolvent after tin prices crashed in 1985, is having to sack the last of its staff after a British court froze its assets. The intergovernmental body which once controlled world tin prices cannot now even furnish its
      Reuter  -  99 words
    • Article
      Oil and Products
      57 6 A FIRE and explosion on a North Sea production platform sent shock waves through the market and sparked a rebound for both crude and products. Closing prices for crude (FOB origin) USS/bonal Oiaw9« Top* (My) 1520 -0.30 Mino» IWy) 15.35 «di OUxai (Aug) 134)3 WM Tana N*>
      57 words
    • Article
      Lock icon Palm Oil
      455 6 Reuter MALAYSIAN CRUDE PALM OIL FUTURES closed steadier yesterday in very firm trading on the KLCE, with spot month July and nearby August almost touching a limit up. July rose Ms4l to M 51,219 per tonne while August was up Ms4s to M 51,223 per tonne. However, September
      Reuter  -  455 words
    • Article
      Lock icon Rubber
      234 6 Reuter SINGAPORE Rubber prices closed easier yesterday with August 1 RSS buyers price quoted at 258.00 cents/kilo. Trading was fairly active. On the TSR-20 market, prices closed lower on some selling pressure in moderate trading. August buyers price closed at 227.00 cents/kilo, down three cents from Wednesday's finish. MALAYSIA
      Reuter  -  234 words
    • Article
      RAS and MRELB
      289 6 RAS prices ms* tnt»/kg, FOB In bate NOON CLOSE 8wyors Seller* Buyors Sellers bit 1 RSS Prompt 261.00 262.00N 258.00 259.00N bit 1 RSS Aug 88 261.00 262.00N 258.00 259.00 Int 1 RSS Sop 261.50 262JO 258.00 259.00 bit 2 RSS OP 259.00 261.00N 256.00 258.00N Int
      289 words
    • Article
      Produce prices
      236 6 Chinese Produce Exchange Sellers' noon closing prices on July 7 (S$/100 kg) Coconut oil Bulk FOB 128.00 Old drum FOB. 142.00 New drum FOB 138.00 Copra Mixed (loose) 72 Pepper ScllefS Muntok whit* FOB NIW 982.50 Sarawak white FOB foq NIW 967.50 Sarawak special Week FOB NIW 582.50
      236 words
    • Article
      SSR and SMR
      85 6 1 cants/kg) AUGUST 1988 SEPTEMBER 1988 (currant month) (forward month) RAS NOON NOON twy«r> S<IWn Iwyan 5»Wti SS« 30 331.00 233.00N 231.00 233.00N SS* 50 239.00 231 00N 229.00 231.00N MRELB bytn S*U*n luy*n S*teo SM* CV 539 50 5 41. SON 541.50 543.50N SM* L 534.00
      85 words
    • Article
      London markets
      296 6 London Commodity Exchange Bvyer/Seller doting prices on July 6 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee talis in-«»ore London, sellers option Of London Jul 1055/1056 (1050/1055) High/Low 1060/1047 Sep 1078/1080 (1072/1073) High/Low 1084/1070 Sales (2350) Cocoa M 946/952 (942/944) High/Low 948/941 Sep 965/967 (961/962) High/Low 968/954
      296 words
    • Article
      Lock icon KL Tin
      154 6 Reuter THE Kuala Lumpur Tin Market price doeed unchanged yesterday from Wednesday's level of MSIB.S4 a kg, ending the past few days' rise, dealers said. Turnover totalled 63 tonnes against 41 on Wedneeday, and dealers noted 25 per cent rationing. Yesterday's price attracted scattered European and local Interest
      Reuter  -  154 words
    • Article
      Lock icon Wheat
      132 6 Reuter SOFT red winter (SRW) wheat futures recovered from midday losses on Tuesday on the Chicago Board of Trade and rallied to post gains of 8-1/4 to four cents a bushel at the close. December ended 8-1/4 cents higher at US$4.lB-3/4. CBT corn futures pared midday losses late and
      Reuter  -  132 words
    • Article
      Lock icon Soybean
      119 6 Reuter SOYBEAN FUTURES rallied sharply and closed up 261/2 to 15-1/2 cents a bushel on Wednesday on the Chicago Board of Trade after a session of wild price swings. Prices settled near session highs and November ended up 26-1/2 cents at US$9.B5. CBT soymeal futures rallied at the close
      Reuter  -  119 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      24 6 w'mm p„ ■'/&lk/k-~%9i m* 7<f 4 &sm m V :45 t s 1 H Ma T I IT >1 i 1 Hit \m VaV
      24 words
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      Page 6 Advertisements Column 2
      53 6 HONG LEONG FINANCE LTD FIXED DEPOSIT RATES 3.875% pa 24 months 3.750% pa 12,18 months 3.375% pa 9 months 3.250% pa 3,6 months 3.125% pa*— 2 months 3.125% pa*— 1 month Spvcial rates may be negotiated lot deposits of $30,000 and above. Minimum deposit of $10,000 Rates are subject lo
      53 words
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  • FOCUS
    • Article, Illustration
      Lock icon Czechoslovaks wary of reform after 1968 disaster
      882 7 AP TWENTY YEARS after Soviet tanks crushed Alexander Dubcek's "Prague Spring" of reform, Czechoslovaks are deeply leery of the changes now proclaimed in Moscow and echoed by their own leaders. A key reason is that Mr Dubcek was crushed and disgraced for trying
      AP  -  882 words
    • Article
      Lock icon Chinese say Moscow faces tough choices
      499 7 NYT IN ITS FIRST comment on the Communist Party conference in Moscow, China said on Wednesday that although Soviet leaders have recognised the need for political and economic change, they are confronted with serious difficulties and resistance in that effort. The commentary, issued by
      NYT  -  499 words
    • Article, Illustration
      Lock icon Party sidesteps Gorbachev's call for strong presidency
      716 7 The Communist world looks on with some wonder as Soviet leader Mikhail Gorbachev takes the slippery path to a radical restructuring of communist society. Will he make it or will he fall? The Czechs view what's happening in the USSR with scepticism, while
      AP  -  716 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      125 7 When you present a Chase Classic VISA card you share the prestige and recognition of one of the world's largest and most respected international banks. But it's not just the Chase name that gives you more credit. With a Chase Classic VISA card you'll enjoy the highest spending limit of
      125 words
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  • PERSPECTIVE
    • Article
      New SES system more equitable
      495 8 IT IS HUMAN NATURE to resist change, especially when the promised progress upsets the comfortable way things are being run at present. Having only just come to grips this past year with the many changes that have taken place at the Stock Exchange of Singapore,
      495 words
    • Article, Illustration
      ASIA-PACIFIC Three images of future fluctuations
      1231 8  -  Few would dispute that the Asia-Pacific region is the world's growth leader. But how well will the region perform as it heads towards the 21st century? Economics Correspondent ZHOU MEI reports on the possible scenarios. I Baseline scenario A ZHOU MEI THE PROSPECTS of
      1,231 words
    • Article
      PECC: enhancing regional ties
      385 8 THE PACIFIC Economic Cooperation Conference (PECC) cites as a major achievement its "uniqueness and value in overcoming diplomatic and political obstacles to regional economic consultations". One of its features is its tripartite structure with representatives from business, government and academia. Other features of the PECC are
      385 words
    • Article, Illustration
      Dire prognostications of global economic panic
      465 8 IN, 11, Pessimistic scenario THE PESSIMISTIC scenario is one of global economic panic in the years ahead, starting right this year. First, the collapse of the dollar. With the US unable to keep its government budget in check, the federal budget would continue to
      465 words
    • Article, Illustration
      Heartening view of the years ahead
      1137 8 Optimistic scenario fc-' 1 rjlS 1 PICTURE this happy scenario: an energetic expansion of trade in the Asia-Pacific region with Japan making a major contribution by its willingness to open wider the doors to its domestic market. In the process, tariffs on all industrial
      1,137 words
    • Article, Illustration
      Lock icon Private economists believe UK is choking
      1042 9  -  A widening skills gap and a fearful boom in private credit are undermining the British economy, say the experts. Although outward signs point to a seemingly healthy state of affairs, the country is actually choking. WARREN GETLER examines the data. WARREN GETLER IHT DESPITE
      IHT; a Punch cartoon  -  1,042 words
    • Article
      Lock icon Opposition parties sprucing up
      745 9 The Economist. BRITAIN'S rival opposition parties are sprucing themselves up to attract a majority 57 per cent in June 1987 of non-Con-servative voters. The Labour Party is set to pick new policies, the Social and Liberal Democrats (SLD) a new leader. Can either do well enough
      The Economist.  -  745 words
    • Article
      Lock icon America's role in the Gulf lacks definition
      735 9  -  By ROBERT PEAR NYT OVER THE past year, the United States has become increasingly entangled in the Persian Gulf through a series of isolated, incremental decisions with no systematic definition of strategy or policy, according to Reagan administration officials and members of Congress.
      NYT  -  735 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      120 8 You experience our personal touch at Liang Court Regency. The experience begins with a special welcome bouquet. And during your stay, you'll notice the many little things that get done quietly and efficiently. Come stay with us and experience our personal touches and comforts. For short-or long-term lease, call Florenee/Dina
      120 words
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  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      665 9 CRYPTIC PUZZLE ACROSS 4 Suit me ultimately (6) 7 Accommodation for crackling females (3, 5) 8 Of ropey racehorses? (6) 10 Sudden movement, mostly of the tongue? (5) 13 Mental state caused by a low figure (4) 14 Something to wear for the dance (4) 15 One caused by a
      665 words
    • Miscellaneous
      Page 9 Miscellaneous Column 2
      1224 9 to as© aaoQ® PM Opening and Programme Highlights followed by Notional Bowling Championships. Coming Attractions. Asian Exchange Programmes The Small Window Of Indonesia. Jogjakarta, one of the three special districts of Indonesia is one of the foremost cultural centres of Java. Its craftmen excel in the art of batik, silver,
      1,224 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      770 10 IBM Announces: The beginning of the end of mid-range limitations The. Application System/400 With the Application System/400,' 1 IBM introduces more than a completely new mid-range family. We introduce a completely new level of expectation: Mid-range without compromise. The IBM AS/400is a new single-architecture mid-range family that can offer a
      770 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      115 11 i I n Typical number of users Maximum number of local attached workstations (Twinax) Mam storage memory (in megabytes) Number of communications lines m nasig 36-80 64-150 iP -V I c e xVbWVvy e&aw I ws ao The IBM Application System/400 is the only mid-range system you 11 ever need.
      115 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon One upset on 3rd day of US Pro tennis
      354 12 AP HORACIO DE LA PENA of Argentina defeated seventh-seeded Luiz Mattar of Brazil 6-4, 6-3 on Wednesday in the only upset on the third day of the U*****,000 US Pro tennis championships. Except for the Argentinian's easy victory, form held up
      AP  -  354 words
    • Article
      Lock icon Ex-finalists crash out of Hall of Fame tournament
      317 12 Reuter THE SECOND ROUND of the U*****,000 Hall of Fame tennis championships proved disastrous for last year's finalists as both were bounced from the only US grass court tournament in Rhode Island on Wednesday. Oualifer Mike Lee scored the biggest win of
      Reuter  -  317 words
    • Article
      Lock icon Cricket chief resists calls to resign
      145 12 Reuter PETER MAY, beleaguered chairman of England s cricket selectors, has resisted growing calls for his resignation following a humiliating succession of defeats by the West Indies. "The counties have given me a job to perform. It is my duty to see it through
      Reuter  -  145 words
    • Article, Illustration
      Lock icon Portuguese rider wins Tour stage in photo-finish
      363 13 AFP ACACIO DA SILVA of Portugal began celebrating too early and almost threw away a lucrative stage victory in the Tour de France on Wednesday. Da Silva, a teammate of Irish world No. 1 Sean Kelly, burst up the final slope to the
      AFP  -  363 words
    • Article
      Two-way tie for top spot at Fairway Masters
      432 13  -  By WALTON MORAIS BURMA'S Kyi Hla Han, always a threat in Malaysia, stormed to a commanding position in the first round of the US$l5O,OOO Fairway Malaysian Masters at the Royal Selangor Golf Club Kyi Hla. who has qualified for the European circuit,
      432 words
    • Article
      Lock icon Don Curry vows not to make same mistake twice
      198 13 AP AMERICAN Don Curry, who makes his second stab at the world junior middleweight crown today against WBC titleholder Gianfranco Rosi, has said that he won't let his chance slip by this time "I can't miss this opportunity," said the 26-year-old
      AP  -  198 words
    • Article, Illustration
      Lock icon Aouita has eye on 1,500m in Seoul
      378 13 Reuter SAID AOUITA, who made a successful return to the track on Tuesday after an injury lay-off, has now set his sights firmly on the Olympic 1,500 m title. Aouita, the world record holder, clocked three minutes 35:70 seconds to win the 1.5000
      Reuter  -  378 words
    • Article, Illustration
      Lock icon First-round lead shared by Spaniard and American
      274 13 Reuter SEASONED PROS Jose Rivero of Spain and American Fred Couples overtook Swedish rookie Mats Hallberg to share a one-shot first-round lead in the Scottish Open golf championship on Wednesday. The countdown to next week's British Open effectively began with this round and
      Reuter  -  274 words
    • Article, Illustration
      Lock icon Daley Thompson's got a fan
      406 13 Reuter 808 MATHIAS, once the only man to win two Olympic decathlon titles, is expecting a very special postcard to arrive from Seoul in September bearing the news that he has, after 36 years, been firmly left behind in athletics history. He is saving a
      Reuter  -  406 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      235 12 •CHAMPAGNE POMMERY REIMS Where to eat, drink.... Pick a winner at Royal Holiday Innauthentic Hongkong dianxin When you've tried our fine selection of dianxin delicacies, you'll agree that it is among the best outside of Hongkong, its land of origin. Prepared with fresh, quality ingredients, you can't expect less Available
      235 words
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      Page 12 Advertisements Column 2
      110 12 UNAIYU-ZEN UNAIYU-ZEN (Broiled Eel Rice) served with Eel Liver Clear Soup. Expertly prepared from live eels imported from lapan A marvellous treat of authentic lapanese cuisine at just $35** LUNCH only: July I—3l. 12.00 pm 2.30 pm Reservations advisable, for quick service. KGTnoqam Japanese Restaurant )l<f£ KAMOCAWA lAPANESE RESTAURANT <S)
      110 words
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      Page 12 Advertisements Column 3
      202 12 PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Chinese. Malay. Indian and Nonya specialities in one meal. At Plum's, daily for lunch and Friday and Saturday for dinner. Price: $20*. A fabulous one-stop gourmet's dream! e» m Hyatt Regency©Sjngapore 10-12Sco"»0ooa Sngaoor* 0922 7331'86 S$ 2441
      202 words
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      Page 12 Advertisements Column 4
      194 12 I Adults: $13.50+ Child below 12 years: $9.00+ Cafe Plaza Plaza Hotel SINGAPORE WA>M*COLOUKFUL«inVITINC Brach koad. Singapore 0719. Tel: *****11. Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daity. tor every drink you order you get your next FREE And bottle
      194 words
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      Page 12 Advertisements Column 5
      211 12 THE o Discotheque Level 4, Excelsior Hotel The Ivory's Sensational NEW IMAGE! Now, No Cover Charge! Cover Charge from Sundays to Thursdayshad been waived! And as an added treat, a new image is emerging scintillating and sizzling, a sheer delight of the senses! Fri, Sat Eve of Pub Hol: $18
      211 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      329 13 and entertain I 1 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
      329 words
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      Page 13 Advertisements Column 2
      189 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANOTHER IS THE CHOICE OK MAIN COURSES PALM W For between $26+ and $40+ I I ou can se ect f rom our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish
      189 words
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      Page 13 Advertisements Column 3
      60 13 Pommery Loves a Wimbledon Winner Let us toast Stefan Edberg, the Champion of Champions at Wimbledon, with Pommery Champagne. Strawberries and cream at Centre Court always did taste twice as nice with a bit of bubbly... You can't FAULT Pommerv O O o o o O o o O o
      60 words
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      Page 13 Advertisements Column 4
      9 13 The No Monkoy Business column has boon hold ovor
      9 words
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  • MONEY AND EXCHANGES
    • Article
      Simex
      438 14 SEPTEMBER Eurodollar futures opened at 91.95 on Simex yesterday. It traded down to 91.91 on selling pressure as the dollar fell below 132 yen on talk that US would not be pleased with a higher dollar. September Eurodollar recovered towards the close to settle at 91.92. Currency futures opened
      438 words
    • Article
      Lock icon IMM
      228 14 Reuter IMM currency futures finished narrowly mixed on Wednesday after listless activity much of the day. Most contracts held early gains, although unwinding of spreads involving long West German mark and Swiss franc against short Japanese yen positions weighed on the continental currencies, traders said. Nearby marks and Swiss
      Reuter  -  228 words
    • Article
      Comex gold/silver futures
      163 14 Gold futures on July 6 100 troy ounces; USS pef troy ounce Open Htgh Low Settle Jul 437.60 437.60 436.70 438.60 0.50 Aug 440.00 441.10 438.50 440.70 0.40 S»P 443.40 0.50 Oct 445.40 446.50 443.90 446.10 0.50 Dec 450.70 452.00 449.00 451.40 0.60 Feb 456.50 456.50 454.20
      163 words
    • Article
      Asian dollar market
      202 14 ASIAN DOLLAR deposit rates ended little changed yesterday from its opening levels in quiet afternoon trading, dealers said. us$ OfffK WO 7 days 7 7/8 7 3/4 1 month 7 7/8 7 3/4 2 months 7 15/16 7 13/16 3 months 8 1/16 7 15/16 6 months
      202 words
    • Article
      Lock icon Forex markets
      1586 14 OCBC, Reuter Reuter SINGAPORE: The US dollar yesterday closed easier against most major currencies from New York level. Against the Singapore dollar, the US dollar closed easier at 2.0418/28 in volatile trading. It traded within a range of 2.0400 and 2.0482. It opened initially at 2.0485/90. The dollar
      OCBC,; Reuter  -  1,586 words
    • Article
      Money markets
      62 14 THE OVERNIGHT rate on the Singapore money market rose 1/4 point to close at 4-3/8 per cent yesterday. One and two months rose 1/8 and three months 3/16. S$ Interbank rates at the close yesterday: OFFtR 810 Overnight 4 3/8 »/4 1 -month 4 1 /8 4 2-month
      62 words
    • Article
      Government securities market
      111 14 Treasury bills Period Issue Yesterday's closing Day's 3 months code Maturity WD OFFER HIGH LOW BQ*****X 06.10.88 3.90 3.85 3.88 3.85 6 months BY*****T 24.11.88 3.93 3.88 1 year BY*****Z 23.3.89 3.97 3.92 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate WD
      111 words
    • Article, Illustration
      World interest rates
      179 14 Indicate* the average of tti« prima landing rata* of 12 ipafor banks In S'pore Interbank market rates (offer/bid) on July 7 us$ DM SWFC Y«n doyt 7 13/16 11/16 9 5/8 3/8 4 1/8 4 3 1/J 1/4 3 15/16 4 13/16 >mti 7 13/16 11/16 9
      179 words
    • Article
      Lock icon Taiwan's currency reserves fall sharply to US$70b
      384 14 Reuter TAIWAN'S foreign currency reserves fell sharply to about US$7O billion this week and are likely to drop further, according to central bank officials on Wednesday. Central bank governor Chang ChiCheng said: "We expect further falls in our currency reserves." He attributed the
      Reuter  -  384 words
    • Article
      Options
      1314 14 CURRENCY FUTURES OPTIONS Thursday, July 7, 1988 DEUTSCHE MARK (SIMEX) Jul 88 calta HW Low M J High u< SS puta Low See 55 56 57 sa 59 60 SA Aug 88 ce Htgft Low S 2 CAB CAS Ha Soe A 9A ug SS pw« Low 57 155
      1,314 words
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  • BANKING AND FINANCE
    • Article
      OUB offers $1m cash prizes to home loan customers
      485 15  -  By LEONG WEN WAH BANKS have resorted to an old "trick" to get a bigger slice of the housing loan pie lucky draws. The latest to join the game is Overseas Union Bank, the second bank in Singapore to conduct lucky
      485 words
    • Article
      Lock icon Seoul expected to limit rise of won later this year
      511 15 Reuter SOUTH KOREA is likely to limit the appreciation of its currency later this year because of signs that the economy is slowing, government planners said on Wednesday. The government, under pressure from the US and other trading partners to
      Reuter  -  511 words
    • Article
      Lock icon Citicorp head seeks quick trade liberalisation action
      346 15 Reuter JOHN REED, chairman of Citicorp, holding company for the largest US bank, has called for quick action to bring trade in banking and other services under global trading rules. Mr Reed made the comment on Wednesday as he gave US Trade Representative
      Reuter  -  346 words
    • Article
      Lock icon Japanese banks likely to battle harder: report
      184 15 Reuter JAPANESE BANKS struggled to improve operating profits in 1987/88 and are expected to battle harder to improve the return on assets to maintain capital ratios, says a new report by IBCA Banking Analysis Ltd, a Londonbased independent financial research group. "The banks
      Reuter  -  184 words
    • Article
      Lock icon US group accuses Lloyd's of price-fixing
      312 15 Reuter A PRIVATE US consumer group has charged Lloyd's of London with price fixing and manipulation of the US insurance industry and recommended legislative remedies. "Lawmakers must take responsible, remedial steps to control abuses of the unregulated foreign reinsurance industry, or the United States
      Reuter  -  312 words
    • Article
      Lock icon Pakistani bank staff protest against robberies
      110 15 Reuter STAFF at some 250 branches of Pakistan's Habib Bank stopped work in Karachi on Wednesday in protest against robberies. "We are protesting at rising incidents of dacoities (robberies) and killing of the bank's staff by bandits." said Habibuddin Junedi, head of the All
      Reuter  -  110 words
    • Article
      Lock icon Consumer imports undermining efforts to cut Aussie deficit
      178 15 Reuter AUSTRALIA'S high level of consumer imports is undermining its effort to reduce the current account deficit and foreign debt, the National Australia Bank Ltd said in a market commentary. "With commodity prices likely to fall in the latter part of the
      Reuter  -  178 words
    • Article
      Lock icon Swiss bankers oppose government plan to reduce taxes on transactions
      445 15 Reuter THE SWISS Bankers Association has rejected as counterproductive Swiss government proposals for easing taxes on financial transactions and said they would not prevent securities business being driven abroad. In a statement released in Basle on Wednesday, it said: "The
      Reuter  -  445 words
    • Article
      DBS spends $7m on new computer
      397 15  -  Bank to launch Visa, MasterCard soon By SOH TIANG KENG, Financial Correspondent DBS BANK has bought a new $7 million mainframe computer from IBM as part of its strategy to upgrade customer service and boost productivity. The new IBM 3090-150 mainframe will be used,
      397 words
    • Article
      Lock icon Profits at Saudi American bank triple
      165 15 AFP SAUDI AMERICAN Bank more than tripled its profits in the first half of this year compared with the same period last year. Unaudited results published on Wednesday in the Saudi press showed that profits from Jan 30 to June 30 were 121.3 million
      AFP  -  165 words
    • Article
      Lock icon Hungary rules out rescheduling
      312 15 Reuter THE National Bank of Hungary has denied that the country needs to reschedule its foreign debt, the official MTI-Econews agency said on Wednesday. The agency quoted Ede Bako, a managing director of the central bank, as saying that "rescheduling of the foreign debt" was out
      Reuter  -  312 words
    • Article
      Lock icon Exchange head wants sterling to be a full EMS member
      146 15 Reuter THE HEAD of Britain's International Stock Exchange says London risks losing its top position as a financial centre if the UK government does not make sterling a full member of the Europe-; an Monetary System. In evidence to a
      Reuter  -  146 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      212 15 p> s\ N m m 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
      212 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Market loses ground across the board
      4716 16 FOR THE SECOND consecutive day, adverse political news across the Causeway was met with selling pressure on both Malaysian and Singapore issues, depressing share prices in moderate trading. After opening on a weak note, share prices wavered between bouts of bargain-hunting in the morning.
      4,716 words
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  • COMPANY NEWS
    • Article
      Hotel Prop using bond issue proceeds to fund 2 projects
      444 17  -  By CORRINA LIM HOTEL PROPERTIES Ltd intends to use the proceeds of its $70 million bond issue with warrants to partly finance the development of a new hotel and a condominium, said a circular to shareholders yesterday. It said the
      444 words
    • Article
      Business done on the SES
      4297 17 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in Pracksta in lota of 1,000 units' unless otherwise specified. SECTION ONE ■NMJSTRIAL ft COMMERCIAL Acmo 11 23 6 1.25
      4,297 words
    • Article
      Four in Teck Hock family face bankruptcy suits
      466 17  -  Action taken by Banque Nationale de Paris By ELAINE KOH FOUR MEMBERS of Teck Hock Cos founding family now face bankruptcy actions from a creditor bank impatient with the long negotiations on reviving the coffee trading company. Banque Nationale de Paris filed
      466 words
    • Article
      Unit trusts
      283 17 Mortager?' prices for July 8 X3POT Gr Fund Sfcanton Thrift Fund 151 0845 156 0845 Singapore Unit Trust Tha Comorca 100 107 Tha Savings Fund 08* 092 S'pora Prog Fund 042 046 S'pora W Fund 0*9 074 S'pora Invast Fund 0*9 0 7*%o S'pora Equity Fund 049 0
      283 words
    • Article
      Lock icon UEM expects to net M$1.1b from project
      97 17 MBT UNITED ENGINEERS (Ma* laysia) (UEM)'a share of net dividends from the concession company undertaking the North-South expreaaway project ia expected to be about M 51.165 billion over the 30-year concession period. This is on a net present value baaia at a discount
      MBT  -  97 words
    • COMPANY BRIEFS
      • Article
        MHT acquires 26.5m Promet shares
        40 17 MANUFACTURERS Hanover Trust Co acquired 26.52 m Promet Bhd shares f on June 27 under registered holder Raffles Nominees Pte Ltd. This acqui- sition is connected with Promet's < share exchange agreement with its creditor banks.
        40 words
      • Article
        International Wood sells assets for $7m
        40 17 INTERNATIONAL Wood Products Ltd. which is under receivership, has sold its assets en bloc for $7.2 m in cash. The assets comprise its leasehold property at Penjuru Road and all machinery and office furniture.
        40 words
      • Article
        United Malayan Flour buys 800,000 Benta shares
        47 17 UNITED Malayan Flour Mills Bhd has acquired an additional 800,000 stock units in Benta Plantations Bhd for M 57.51 each from the balance of the portion to be acquired by Perushaan Petanda Bintang Sdn Bhd under a put option scheme.
        47 words
      • Article
        Jurong Engineering wins $1.6m MRT contract
        74 17 JURONG ENGINEERING Ltd has won a tender over four other contractors to supply electrical and mechanical services to the Boon Lay MRT station. It was awarded the contract by the MRT Corp for $1.69 m. The contract provides for the supply and installation of
        74 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      818 17 CITIBANKO Citibank, N.A. (Incorporated with Limited Liability in the U.S.A.) CONSOLIDATED BALANCE SHEET IN MILLIONS OF U.S. DOLLARS Cash and D«m from Bank* Deposits at Interest with Banks Investment Securities (Market value $15,438 in 1967 and $13,537 in 1906) Trading Account Assets Federal Funds Sold and Securities Purchased Under Resale
      818 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Japan brokers extending services to homes via PCs
      557 18 Reuter JAPAN'S securities houses are hoping that a computer used by children to play video games will entice the average adult to play at share trading and help maintain their income if fixed commissions are scrapped. Many big Japanese brokerages already provide
      Reuter  -  557 words
    • Article
      KL shares weaken further
      5047 18 SELLERS CONTINUED to dominate the Kuala Lumpur stock market yesterday, forcing prices to weaken further with double-digit losses scattered across the board in active trading. Dealers noted the easier tendency was despite some bouts of bargainhunting. They attributed the selling to rumours which were related to
      5,047 words
    • Article
      COMPANY MEETINGS
      239 18 George Kent (Malaysia) Berhad: 17th AGM at the Registered Office. No 2 Lorong 19/1A, ***** Petaling Jaya. Selangor Darul Ehsan. today. July 8. at 11am. Sing Investment t Finance Limited: AGM at 96. Robinson Road. SIF Building. Singapore 0106. tomorrow. July 9. at 11am Johan Holdings Berhad: 63rd
      239 words
    • Article
      Lock icon ANZ hoping to raise A$457m
      141 18 Reuter THE AUSTRALIA and New Zealand Bank (ANZ), one of Australia's leading commercial banks, asked shareholders on Wednesday to pump A 5457 million into its coffers. It announced proposals from shareholders to buy one new share in the HighStreet Bank for every six held, at
      Reuter  -  141 words
    • Article
      Prices close up
      1430 18 Hongkong HONGKONG SHARE prices yesterday continued their upward momentum and climbed to another post-crash high in the afternoon following Wednesday's sharp rise, brokers said. The Hang Seng Index rose 22.12 to 2.759.63 while the broader-based Hong Kong Index was 14.03 higher at 1.824,61. Turnover rose to HKSI.3S
      1,430 words
    • Article
      Seoul
      133 18 JULY 07 WOM Chetl Sugar ***** unch OaelifT! Ind ***** -900 Daewoo Corp ***** •1600 Daewoo Heavy ***** 1800 Daithm Securities ***** -400 Dong Ah Phar ***** unch Dong Suh Slock Dooobu Stf^l ***** ***** -400 -700 GoMJ Star 1990C -200 Kami Bank 1S600 •150 Haml Cement ***** unch
      133 words
    • Article
      Lock icon Tokyo
      477 18 Reuter TOKYO SHARE prices closed down yesterday due to profit-taking after recent strengths as investors passed up on large capital issues and turned to other areas. "A lot of investors are uncertain of the direction of markets in general." said a broker. "They are seeing more sectors that were
      Reuter  -  477 words
    • Article
      Lock icon Sydney
      463 18 Reuter THE AUSTRALIAN share market closed firmer yesterday, extending the strong gains of the past two days, as firmer commodity prices led to bullish sentiment. After initial weakness, investors ignored Wall Street's 27-point fall as a temporary correction and bought solidly into resources and selected industrials. "It is building
      Reuter  -  463 words
    • Article
      Lock icon Bangkok
      158 18 Reuter THE SECURITIES Exchange of Thailand Index rose 0.65 points to 455.63 yesterday on a turnover of 5,121,680 shares worth 714.22 million baht. JULY 97 BAH1 Ao Kham Thai 386 Ayudhya Invaatmar* 434 Bangkok Agro-ind 133 Bangkok Bank 329 Bank Ol Ayudhya 366 Charoong Thai Wlra r -3 -2
      Reuter  -  158 words
    • Article
      Taipei
      288 18 JULY 97 m +fAll Sincara Indus 6 30 0.1S Asia Camant as so 1.5 Cathay Cons 106 00 3 Chang Hwa Bank Chang Loong 561 00 47 30 16 -0 9 Chia Ham Camant 06 00 unch Chin Ham Flour 26 40 -07 China Cham 52 00 -1.5 China
      288 words
    • Article
      Manila
      71 18 JULY *7 PESOS 1Acot* Mining Anglo Pttil Apax Mining B 0 044 unch Atlas Con B 22 90 -2.5 Baguio Gold Basic Patrotaufn 0 023 unch Banguat Con B •1 unch First Phil HkJgs 10 0.7 lapanto B 0 40 -001 Marcoppar Ma'st#e Phi lax B Picop B PLOT
      71 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      101 18 I I I*—T> Application has been made to the directors of the abovenamed company to issue duplicate share certificate in place of the following share certificate which has been reported lost or destroyed: No. of shares Orttflcate no. Name of 11.00 each ""S'SSASSTttr* >» NOTICE IS HEREBY GIVEN that if
      101 words
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  • WORLD MARKETS
    • Article
      Lock icon Stocks finish lower
      999 19 New York Reuter WALL STREET stocks closed lower on Wednesday as a combination of factors. including investor nervousness, rumours of heightened Gulf tension and program selling late in the session, sent blue chips plunging. Traders said sharply higher commodities prices also pressured stocks. "The Commodity Research Bureau
      Reuter  -  999 words
    • Article
      Lock icon Equities open easier
      1056 19 London Reuter LONDON EQUITIES continued at their early easier levels yesterday with sentiment hit by the decline on Wall Street, dealers said. However, falls restricted to a few pence and speculative demand kept interest alive in some issues. The FTSE 100 opened 2.7 points lower at 1,867.3,
      Reuter  -  1,056 words
    • Article
      Untitled
      1281 19 Selected indices HONGKONG Hongkong Index Thursday 1.824.61 Wednesday 1.810 58 Week ogo 1,766 63 Hang Seng Index Thursday 2.759 63 Wednesday 2.737 51 Week ago 2,671 49 All Industrials Thursday 2,544 1 Wednesday 2.5305 Week ogo 2.476 7 NEW YORK Dow Jones Wednesday 2.1X16 Tuesday 2.***** Week ogo 2.121 98
      1,281 words
    • Article
      Lock icon NYSE to vote on rule change
      87 19 Reuter THE BOARD of the New York Stock Exchange was yesterday expected to drop a key rule on computer program trading that was instituted after the October crash. Wall Street sources said The rule stops brokerage firms from using the NYSE "Super-Dot" computer for
      Reuter  -  87 words
    • Article
      Lock icon Record profits for British Steel
      482 19 Privatisation in November looks likely FT THE BRITISH Steel Corporation, which is due to be privatised before the end of the year, announced on Wednesday a record bottom-line profit of £410 million (US$69B million) for the year to April, making it probably the world's most
      FT  -  482 words
    • Article
      Lock icon GAF indicted for manipulating Carbide stock
      215 19 Reuter A US GRAND JURY indicted GAF Corp and its number two ranking executive on Wednesday for pushing up the stock price of Union Carbide Corp after failing to take over the chemical company in 1966. The indictment said GAF and James Sherwin, vice-chairman
      Reuter  -  215 words
    • Article
      Lock icon Bank of New York cautioned over dividend
      198 19 Reuter THE FEDERAL RESERVE Bank of New York said Bank of New York Co Inc should request its views in advance on whether any special dividends to be paid in its proposed acquisition of Irving Bank Corp would give rise to concerns about
      Reuter  -  198 words
    • Article
      Lock icon French foods group buys into UK market
      228 19 FT BSN. the leading French foods group and the world's largest producer of fresh dairy products, has agreed to buy HP Foods and Lea and Perrins from Hanson Trust for a total of £199 million (US$339 million). The acquisition is BSN's first major
      FT  -  228 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      457 19 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. SO PURSUANT TO SECTION 2#0(2)(b) AND IN THE MATTER OF KIU TAI COMPANY (MALAYA) PTE LIMITED At an Extraordinary General Meeting of the above named Company duly convened and held at c/o 6001 Beach Road 12-01 12-11 Golden Mile Tower, Singapore
      457 words
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      Page 19 Advertisements Column 2
      454 19 THE COMPANIES ACT CHAPTER 50 SECTION 290 (2) (b) NOTICE OF RESOLUTION SYSTEMSOLVE (COMPUTER SERVICES) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of SYSTEMSOLVE (COMPUTER SERVICES) PTE LTD held on the 30th dey of June 1988, the following special resolutions were duly passed: RESOLVED: (1) That
      454 words
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      Page 19 Advertisements Column 3
      404 19 isi] i WINDING UP NOTICE 18 HEREBY GIVEN that the creditors of the abovenamed company, which Is being wound up voluntarily, are required on or before Bth August 1968 to send In their names and addressee and the particulars of their debts or claims, and the names and addresses of
      404 words
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      Page 19 Advertisements Column 4
      543 19 IN THE MATTER OF THE COMPANIES ACT, CAP. SO NG KEONG (PTE) LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of NO KEONO (PTE) LTD duly convened and held at No. 7 Chang Charn Road, Singapore 0315 on the 30th day of Jane 1988, the following
      543 words
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  • Article, Illustration
    S'pore likely to benefit from Seoul's buy list
    405 20  -  By LOH HUI YIN SINGAPORE should benefit from a decision by the South Korean Foreign Trade Association to buy about 320 items from other countries instead of Japan, said Trade Development Board chairman Alan Yeo. Mr Yeo. who is leading the first
    405 words
  • Article
    Lock icon Packer and Murdoch are the richest Australians
    267 20 Reuter MEDIA BARONS Kerry Packer and Rupert Murdoch, shrugging off October's market crash, have emerged as Australia's only billionaires. a business magazine survey showed on Thursday. Magazine publisher Mr Packer took the crown as the richest person in the country from South African-born
    Reuter  -  267 words
  • Article
    Lock icon Takeshita admits secretary involved in trading scandal
    468 20 Agencies JAPANESE PRIME MINISTER Noboru Takeshita yesterday admitted his private secretary was implicated in a stock trading scandal and joked, asking reporters with a smile: "Should I resign?" The scandal also reportedly involved secretaries of former Japanese leader Yasuhiro Nakasone and the current
    Agencies  -  468 words
  • Article
    Lock icon South Korea's ex-president hit by new scandal
    404 20 AFP FORMER South Korean president Chun Doo-Hwan was embroiled in a new scandal yesterday involving the forced takeover of dozens of firms by the country's most powerful conglomerates A simmering dispute broke into the open on Wednesday when opposition deputies challenged Finance Minister
    AFP  -  404 words
  • Article
    Lock icon Europe willing to help fund Philippine land reform plan, says official
    288 20 Reuter. AFP SEVERAL European governments are willing to help finance the Philippines land reform programme, expected to cost US$ll.B billion over the next 10 years for land distribution. Agrarian Reform Secretary Philip Juico said in Manila yesterday that Japan,'
    Reuter.; AFP  -  288 words
  • Article, Illustration
    Low price strategy will not do: EDB chief
    448 20  -  Philip Yeo calls for product differentiation By LILY FERNANDEZ SINGAPORE is pursuing an "excellence in manufacturing" strategy that focuses on product differentiation rather than low cost operations. "Singapore cannot thrive and achieve our developed country goal by following a low cost strategy."
    448 words
  • Article
    Lock icon Poll: Americans against paying Airbus victims
    286 20 Reuter MOST AMERICANS oppose paying the compensation President Reagan is considering for victims of an Iranian airliner shot down by a US warship in the Gulf, according to the latest public opinion poll. The poll, which found that 61 per cent of respondents opposed
    Reuter  -  286 words
  • Article
    Lock icon Senate approves labour legislation
    78 20 AP THE US SENATE voted on Wednesday by a veto-proof 72-23 margin to make companies pro- vide workers and local officials 60 days' advance notice of plant closings and large lay-offs. t Nineteen Republicans, many t of them up for re-election this > year, joined Democrats
    AP  -  78 words
  • Article
    Lock icon Comex gold and silver
    128 20 Reuter COMEX GOLD futures drifted lower in quiet midday dealings yesterday, easing slightly in reaction to a firmer dollar and lower CBT soybeans. August gold fell US$l.lO to U*****.20 an ounce after trading narrowly between U*****.00 and U*****.50. Trading was choppy and dominated by light local
    Reuter  -  128 words
  • Article
    Lock icon Jakarta urges Opec head to appeal against quota violations
    249 20 Reuter INDONESIA has asked Opec president Rilwanu Lukman to appeal to members who violate output quotas to stop driving down prices, according to the Jakarta's official Antara news agency. Mines and Energy Minister Ginanjar Kartasasmita wrote to Mr Lukman on Monday
    Reuter  -  249 words
  • LATE FILE
    • Article
      Lock icon Kidnappers warn of retaliation
      58 20 UPI THE PRO-IRANIAN kidnappers of two American hostages in Lebanon yesterday threatened to take action against their captives in retaliation against the downing by US forces of an Iranian civilian jetliner over the Gulf. The clandestine Revolutionary Justice Organisation made the threat in a statement to
      UPI  -  58 words
    • Article
      Lock icon Rise in China's industrial output
      38 20 AFP CHINA'S industrial output soared 17.2 per cent from a year earlier to 577.3 billion yuan (US$l56 billion) in the first half of this year, the country's State Statistical Bureau said yesterday. AFP
      AFP  -  38 words
    • Article
      Lock icon Sino-Thai talks on arms stockpile
      54 20 AFP on arms stockpile THAILAND and China are holding informal talks on the possibility of setting up a joint military supplies stockpile in Thailand, the stateowned Thai News Agency said yesterday. Thailand and the US already plan to jointly establish a stockpile of weapons and
      AFP  -  54 words
    • Article
      Lock icon Australia refuses Rabuka entry
      61 20 UPI THE LEADER of last year's two military coups in Fiji, Brigadier Sitiveni Rabuka, has been refused entry to Australia because his visit would pose a security risk, Prime Minister Bob Hawke said in Canberra yesterday. Australian sources said he wanted to visit Australia to promote
      UPI  -  61 words
    • Article
      Lock icon Call for pressure on Pretoria
      48 20 AFP AUSTRALIAN Foreign Minister Bill Hayden yesterday urged governments and financial institutions to step up pressure on South Africa by refusing medium-term rescheduling of loans. He told the Asean meeting with dialogue partners in Bangkok that this would put pressure on Pretoria. AFP
      AFP  -  48 words
    • Article
      Lock icon N Korea-Japan talks urged
      59 20 AFP JAPAN has called on North Korea for the first time to hold direct official talks with Tokyo to balance South Korea's overtures to China and the Soviet Union. The offer was made in a Japanese government statement which welcomed a proposal by South Korean President
      AFP  -  59 words
    • Article
      Lock icon Zia sets timetable for polls
      39 20 AFP PAKISTANI President Mohammed Zia ul Haq has promised a schedule for general elections within a fortnight, paving the way for polls by the end of August, press reports said in Islamabad yesterday. AFP
      AFP  -  39 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      118 20 leaving Singapore for 3 weeks? know your family is safe and happy... ss 2 m K's •/< .1 You owe it to yourself to check out Ardmore Park the security is excellent, school buses call at the gate, and there is aerobics, squash, tennis, swimming, chip and putt and special
      118 words
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      Page 20 Advertisements Column 2
      184 20 /a i fA. "-"JEt t j*fZZ3T* Jer* CRUISING IN STYLE YOU WON'T find any Harley Davidsons, Malcolm Forbes or Elizabeth Taylors on board, but you'll still find plenty of style on board the seacraft operated by three good friends who make up Amazon Marine Resources. Executive Lifestyle tomorrow checks out
      184 words
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      Page 20 Advertisements Column 3
      27 20 Spore poised to become globel service centre, PAGE 2 a tough loser? Soften your beard with the ultra lubricator: Clinique Cream Shave. CLINIQUE SKIN SUPPLIES FOR MEN
      27 words
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  • SHIPPING TIMES
    • Article
      Evergreen switches ships in global run
      246 21 SIGNIFICANT changes in the trade pattern have prompted Evergreen Line to switch around its ships in its round-the-world service. Mr Owen Wu, executive vice-president of Evergreen Marine, said yesterday that with the steep appreciation of the yen (48 per cent against the US dollar
      246 words
    • Article
      Call for operators to cover more ports
      290 21  -  Developing a feeder network By JUNE LIM FEEDER operators must explore new routes to the newly developing areas and increase coverage of ports in the peripheral regions, said Mr Chan Tuck Hoi, commercial director of Singapore Shipping Corporation. Some possibilities, he added, were
      290 words
    • Article
      Lock icon US seizes ship with 70 tonnes of marijuana
      203 21 Reuter THE UNITED STATES Coast Guard on Wednesday towed into port a Panamanian-registered vessel loaded with about 70 tonnes of marijuana, the largest seizure of marijuana on the west coast, a spokeswoman said. The Encounter Bay was seized several hundred miles off
      Reuter  -  203 words
    • Article
      Indonesia has the right to claim loss if Golar Liz pollutes
      253 21 THE INDONESIAN government will make a claim on the owner of a Liberian supertanker, Golar Liz, which ran aground in the Malacca Straits, if it is proved that the spill of crude oil from the vessel had caused pollution.
      253 words
    • Article
      Lock icon British judge warns union over picket
      158 21 Reuter A BRITISH High Court judge threatened the National Union of Seamen (NUS) with fines running into six digits if it did not halt by July 25 illegal mass picketing of Peninsular and Oriental Steam Navigation Co ferries at Dover port. Justice Michael Davies
      Reuter  -  158 words
    • Article
      Lock icon Norwegian fleet growing with new shipping register
      586 22 Reuter NORWAY'S commercial shipping fleet, which looked doomed to a slow death after years of dwindling tonnage and rising costs, is enjoying a renaissance since the establishment of a new international shipping registry Many had predicted that the country's second-biggest foreign exchange earner
      Reuter  -  586 words
    • Article
      INDEX TO ADVERTISERS
      831 22 AB Siog V 5 ABC Container IX 1 Accord Shpg VI Ahrenkiel liner XI Allfrons VII AC Toepler XI Amencon Tpt II Anro Service IV Arrow lines IX Asian Oceon XI Assoc Carriage XI Artos line X ANl 1 APC line V API III ASCI III Bait
      831 words
    • Article
      Lock icon Baltimar orders 15 semi-containers
      76 22 AFP THE DANISH shipping company Baltimar has ordered 15« semi-co-ntainers from China for 700 million kroner (U*****.45 million), the Danish economic daily Boersen reported. The ships, which will have a total capacity of 2.700 deadweight tons, will be built by Shanghai Corporation of Shipbuilding Industry. They
      AFP  -  76 words
    • Article
      Lock icon 200 missing in North Sea oil rig blaze
      302 22 Reuter ALMOST 200 men are missing after a huge explosion turned a North Sea oil rig into a blazing inferno 193 km off the Scottish coast on Wednesday night, the Occidental Petroleum Company said. The company said only 40 survivors had been
      Reuter  -  302 words
    • Article
      Lock icon McLean Industries files plan to settle claims
      426 23 NYT Mclean industries, which sought protection of the Bankruptcy Court in 1986 after failing in an ambitious bid to become a dominant force in international shipping, says it has filed a plan with the Federal District Court in Manhattan to reorganise itself and
      NYT  -  426 words
    • Article
      Lock icon Japanese, EC officials discuss shipbuilding markets
      184 23 AFP JAPANESE and European Community (EC) officials had an "exploratory" meeting in Brussels last month to discuss ways of stabilising the world shipbuilding market, a European Commission spokeswoman said Wednesday. The spokeswoman, however, denied reports that the officials had reached agreement to increase Japanese-manu-factured
      AFP  -  184 words
    • Article
      Lock icon Korean yards receive more orders
      61 23 Reuter FOREIGN orders placed with South Korean shipyards rose to 1.18 million gross tons (gt) in the first half of this year from 1.01 million gt in the same 1987 period. The Korea Shipbuilders' Association officials attributed the rise to a worldwide upturn in newbuilding
      Reuter  -  61 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8339 28 3®a3D(!EB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      8,339 words
    • Article
      SHIPS IN PORT
      1316 29 AT CONVENTIONAL WHARVES Vessel KEPPEL WHARVES AffiCO* to«n A$*0 Venture Bo-yunshon Edith v fakon frosmet Hooam Koto Akbor lucky Star Phuket Na»ee 1 Q«nghecheng San luis Sonfooo Theto T f odef reeooTi 0'Suf Vuq.ng Bo.lder IN Cru Muhiboh f G Seioton VIII Hong Woon Huonyun Soon ti
      1,316 words
    • Article
      Who acts for whom...
      2082 30 A—B AB Shipping Boustead Shpg Agencies ABC ConUinerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Lines Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepter Ocean us Shipping Agencies (S) Multiport Sdn Bhd (PK) Alltrana Alltrana Express American President
      2,082 words
    • Article
      LONDON FREIGHTS
      1273 30 US GULF-JAPAN grain rates moved up again on Wednesday on the London shipping freights market. After rising 50 cents last week, a further 10-cent improvement occurred when Toepfer paid US$l9.lO (fio) for the Musashi to work a 52,000ton July/August cargo on the basis of combination discharging ports being
      1,273 words
    • Article
      Lock icon World's biggest liner to be built by 4 yards
      361 32 Kloster's dream comes true Reuter ONE MAN'S DREAM of building the world's biggest cruise ship, a revolutionary floating city called the Phoenix, is on course to become reality. Norwegian shipping baron Knut Kloster signed preliminary contracts worth around US$l billion with
      Reuter  -  361 words
    • Article
      Lock icon France abandons 'super-lighthouse' project after spending US$26 million
      278 32 UPI FRANCE spent US$26 million on a "super-lighthouse" that was to have loomed 100 metres above shipping lanes 70km off Brittany before scrapping the project, French auditors said. The country's watchdog Court of Accounts delivered stinging criticism of the Boondoggle lighthouse project,
      UPI  -  278 words
    • Article
      SHIPPING EVENTS
      269 32 July 29-Aug 13 Galbraith's Shipping Course. Ashridge Management College. Berkhamsted. Herts (details: Galbraith's Ltd, Shackleton House. 4 Battle Bridge Lane, London SEI). Aug 23-26 Offshore Northern Seas Technology. conference, Stavanger, Norway. Aug 24-31 CAD/CAM in Shipbuilding, conference, Leningrad. USSR. Sep 6-9 Baltexpo '88, 4th international maritime exhibition, Gdansk,
      269 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      851 21 1^ v V /•VrfW.s/w-rf TIMES STP Distributors r«im PutMw<( Croup ORIENT OVEIQEAS Go*t&im\ LINE nftnts: JAROINE SHIPPING AGENCIES (Ref No 2428M1 00K) «%llf# 200 Cantonment Road #12 05 Southpomt. Singapore 0208 Mifff TH *****11 TELEX NO RS ***** If AlllAfi TERMINAL CFS Tel *****18 220 L J BOOKINGS Ttl *****34
      851 words
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      Page 21 Advertisements Column 2
      127 21 mm NORWAY'S commercial shipping fleet, which looked doomed to a slow death after years of dwindling tonnage and rising costs, is enjoying a renaissance since the establishment of a new international shipping registry. Page II McIEAN INDUSTRIES, which sought protection of the Bankruptcy Court in 1986 after failing in an
      127 words
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      Page 21 Advertisements Column 3
      720 21 -°v TINES STP Distributors gNCAf 0 8 St», I.A'' Si < )H ccv vS MAERSK LINE q MAERSK LINE To: Europe—UK Scandinavia—Finland Trw «MK M ROTTEROAM Closing Tm CY ISH 1600 MRS CFS IS/7 0600 MRS Th« M ROTTEROAM Ooemg Tm CY ISn 1600 MRS CFS IS/7 0600 MRS i
      720 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      698 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT 1 P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP BENAVON OSAKA BAY KAGA KASUGA MARU LARGS BAY HONGKONG EXPRESS KAMAKURA ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTEROAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY
      698 words
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      Page 22 Advertisements Column 2
      19 22 Lines and services represented by A Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. V
      19 words
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      Page 22 Advertisements Column 3
      554 22 S7 CSAV Corrpjmo SudAmcricana cic Vjpcrcs S A C"' L EXPRESS SERVICE TO/FROM CHILE hum nssuii'mtlnona yuai m uau an urwaur w CSAV 2 12/7 CM CAMIU I 2*7 JM M W VWM"*** 0 cs>v i [u*_|Avasa mim vmm» u« CARGO FOR PUNTA ARENAS TAICAHUANO (SAN VICENTE) ACCEPTED WITH T/S
      554 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      866 23 The Straits Steamship Group <) Mansfield Container Shipping Re Ltd tot P&O Containers CONTAIICRSHIP SERVICE TO UK/CONTINENT:) Also Accepting Cargo For: Naafturg to Coa*Mu«*n Aarftue. XONTAINERSHIP SERVICE FROM UK/CONTINENT: OCEAN STRENGTH OCEAN SINCERITY P.Kle»Pm* Spore M Kln Bo* Col WWW 17/7 22/7 2S/7 OM M/ 7 11/7 22/7 an MA
      866 words
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      Page 23 Advertisements Column 2
      765 23 IS -X-X-X-X-X-X-I-t 111 ill HYUNDAI MERCHANT MARINE, SEOUL are pleased to announce the commencement of their weekly fully-containerised TRANSPACIFIC USA SERVICE to/from Singapore. For full details, contact: BOUSTEAD SHIPPING AGENCIES 15 Hoe Chiang Road #12-04/06 Sanford Building Singapore 0208 Maxwell P.O. Box 3050 Singapore 9050 Telephone: *****66 Telex: RS *****
      765 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      419 24 Q HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES J BANDAR ABBAS Sinftyor* Loadinf for 15/7 JAPAN, KOREA KYOWA LINE A VESSEL Singapore Loadinf for: 20/7 LAE, PUB, RBL, HRA OCEANIA EXPRESS V-17 16/7 YOKO KYOWA ROSE V-27 6/8 LOAD FOR GUAM, SAIPAN YAP KOROR TRUK PONAPE, MAJURO
      419 words
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      Page 24 Advertisements Column 2
      973 24 FREIGHT LINKS EXPRES f PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 22/7 10/8 NEW SERVICE DUBAI 15/7 A 28/7 FOR. PORTO, UStON, ORAN, BILBAO MAD# 10, MALAGA, MEULLA. TANGER, TENERIFE, LASP ALMAS, AIGCR TUNIS, VALLETTA, IRON, CEUTA ft ISTANBUL 13/7 ft 26/7 FAR EAST PORT KELANG PENANG BANGKOK HONG
      973 words
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      Page 24 Advertisements Column 3
      925 24 m beaS EVERGREEN Full Container Service Round^The- World East Bound (FE/CARIB/USEC/EURO/FE) EVU GRAND ever GIFT to EVER GLAMOUR/CVU GREET EVU GENERJtL/EVER GOLDEN EVER CLOSE ALSO ACCEPTING CARGO TO: ap in jm im |S iiS jl! S 1 W W 1$ Jffz 52 *****: W tAOtLmA JACMONVHJi 2) ATLANTA. CHICAGO. DETROIT
      925 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      802 25 PACIFIC INTERNATIONAL LINES Wk\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 VESSEL SEA FORTUNE INTEGRA SEA FORTUNE KOTA MELATI BEL A WAN/STRAITS CONTAINER SERVICE SEA FORTUNE KOTA MELATI SEA FORTUNE VESSEL KOTA NAGA KOTA MEQAH KOTA MUTIARA KOTA TIMUR KOTA AGUNG VOYAGE E-766 E-745 E-751 E-748 E-762
      802 words
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      Page 25 Advertisements Column 2
      452 25 BEN LINE CONTAINERS express container service to uk/continent 114 EXPRESS CONTAINER SERVICE FROM UK/CONTINENT na« »ha«n roM wm ston p klanc spok rot ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA. FIJI AND NEW ZEALAND SIN MAIN LINE HKC NOUMEA
      452 words
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      Page 25 Advertisements Column 3
      451 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY A' VESSEL KUTAI/15WB S PORE BILBAO ANTWERP H'BURG/ R DAM/AO AM BREMEN *-21/7 27/8 30/1 "W 19/9 22/9 Subject to Inducement. Also accepting cargo
      451 words
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      Page 25 Advertisements Column 4
      383 25 BOUSTEAD SHIPPING AGENCIES HTONEYWA V23SW pagan nm PA-AN VI27W BURMA FIVE STAR shipping corporaiim! (Burmese National Line) Loading for Rangoon |>>re P.Kelang Ptnang Banjkok BANK LINE SEMI-CONTAINER SFRvirr HLAVV LIM CAPACITY TAMAITAI SAMOA VI3N FORTH BANK V22N IYYBANK V22N SPORE ROAM HULL 2</7 25/1 3iy» 2 5 9/9 1/10 15/10
      383 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      609 26 K'linb KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL VOY HONGKONG CONTAINER SSE KOREAN .'ACEJIN 44E SEVEN SEAS BRIDGE 66E KOREAN CHANCE 37E N. AMERICA PACIFIC NORTH-WEST •PK/PNG 9/7
      609 words
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      Page 26 Advertisements Column 2
      214 26 Accepting LCL and contalnerlaad cargoes Direct to South Africa OSAKA MARU 5740f CANOPUS 0501F HAYAKAWA MARU SO9F VIRGO 0301G VAAL 5536 C NEDLLOYO COLOMBO 5635G J«rd JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12 05 SOUTHPOINT. SINGAPORE 0208 Tel: *****11 TELEX NO RS ***** TERMINAL/CFS Tel *****18 220
      214 words
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      Page 26 Advertisements Column 3
      516 26 INDIA EXPRESS CONTAINER SERVICE Accepting FCL7FCL Containers INDIA/JAPAN/INDIA SERVICE Accepting FCL Container* and Conventional Cargo Aleo accepts Metals ft Steel Products sr T" ITALY/MEDITERRANEAN SERVICE Accepting Timber/Breakbulk also FCL Containers Monfaleone. Ravenna aim Tnerte. P M. Aleiandna <wb|*t to .nducamant) Singaport PKalang Panang VtSNVA NAMTA V 44 1 Aug 3
      516 words
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      Page 26 Advertisements Column 4
      737 26 GOLDEN LINE GUAN GUM* SUPPING (PTI) lID 23 Te(o» Aire StrMt SINGAPORE 0104 TEL U43W (18 LINES) Fai *****4 STRAITS/PERSIAN GULF SERVICE: Sport PKHanc Penanj GOLDEN WONDER Karachi'Oubai Oammam 12/14 July GOLDEN HAVEN Cokxnbo/Karachi'Dubai 21/29 July CHINA SERVICE BAI YUN SHAN Shanghai In Port 12/14 July A VESSEL Huanjpu,'Shanghai 2V21
      737 words
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      Page 26 Advertisements Column 5
      578 26 i PHILI Oni€NT LIN€S PT€ LTD HEAD OFFICI 63 HOIINSON ROAD »07 12 io AFRO ASIA BUILDING. SINGAPORE 0106 TELE* RS ***** PHILI FAX *****76 EACT/FM EMT Ftt Ltt MWff ETA SINGAPORE! DESTINATION DUBAI. DAMMAN. KUWAIT. BOMBAY DONA. MUSCAT. BAHRAIN. ABU DNABI A SHARJAH JtDDAH (LCI) 11/7. 22/7 11/7. IV7.
      578 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      885 27 NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TPA/SEA Gartoral Enqulrloa: T«l: *****77 Tominal CFS BOOKINGS 77K753 *****42 *****22 *****53 *****19 27*116 NEPTUNE ORIENT LINES LTD to a 401 c s«Bi=z= »r z z -r (,V7) 17/7 4 m 11/» 12/1 1M iMAKmaM <a/7) 'V 7 1M 191 20/8 KJACEJIN4M (V 7)
      885 words
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      Page 27 Advertisements Column 2
      79 27 CONTAINER LINE, INC DIRECT LIHEB SERVICE VESSEL P.KIf S pore Bkk Kjofoiunf K EXXON MIDGE VO7/H 1/7 12/7 15/7 11/7 1! ASSURANCE TWICE WEEKLY LCL PORT KELANG ETD 11/07 PENANG ETD 09/07 BANGKOK ETD 14/07 HONGKONG ETD 11/07 KEELUNG/KAO ETD 12/07 BOSAN/INCH ETD 14/07 MANILA ETD 10/07 TOKYO/KODE ETD 12/07
      79 words
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      Page 27 Advertisements Column 3
      550 27 OOHA.M HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG, PENANG, KEELUNG. BUSAN, INCHON 1 STRAITS/KOREA SERVICE WEF JUNE SINGAPORE 2) SINGAPORE/ KEELUNG >AVS SERVICE II SERVICED ETO BS S PORE PKELANG KEE BUSAN MOJI 25/ OS In Port 10-11/07 U-11/07 23-31/07 Q2« I<VO7 Z3-X/07 17-21/07 05 OM* 0101/01
      550 words
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      Page 27 Advertisements Column 4
      722 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** PENANG p. KELANC MESSRS HAI THONC SHIPPING 127 Penang Street. Penang. Malaysia M/S HANDLING SYSTEM CO SON
      722 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      315 28 SINGAPORE SHIPPING jfir CORPORATION (PTE.) LTD. TEL 225 6868 <30 Lines. FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD V E.B DE UT F R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE ARKONA FAMRLAND Ml HAVELLAND S/M 140 I »/0 |22/» I
      315 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      156 28 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 8, 1988 Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature •<, Shower Weather Wind direction with speed in knots Rain v-X Cloudy Sky W V he shf Surfoce winds ore indicated by arrows which fly with the
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      832 29 |CSP SHIPPING AGENCIES PTE. LTD. I Tel: *****66 (16 Lines) Fex: *****15 LCL FIXED TWICE WEEKLY CONSOL S'pore to Bombay (LCL) ETD 12.7.88 S'pore to Manila (LCL) ETD 12.7.88 S'pore to Sydney (LCL) ETD 17.7.88 S'pore to Jeddah (LCL) ETD 11.7.88 S'pore to Keelung (LCL) ETD 9.7.88 S'pore to Kobe
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      Page 29 Advertisements Column 2
      630 29 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 1] IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT WEST BOUND SERVICE ETA S PORE LOADING FOR MV BABYLON Ski Hodetdah, Jeddah. Aqaba MV SINOBAO 25/7 Aqaba, Baghdad, Japan THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING
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      Page 30 Advertisements Column 1
      514 30 FINE-LINER SHIPPING l lS3i {0 Shenton Aty 04 O.'C Mmni House Spore O.^O m PTE LTD IFI (M I ines) TLX RS ??M1 FIINER FAX EUROPE SERVICE I!" |Hf \s \a PAR EAST SERVICE IJK Ijy I ap IW |2V7 "0 l*v? Iw |ap In/7 ui m Hamburg West Germany
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      Page 30 Advertisements Column 2
      612 30 ZIM FULL CONTAINER SERVICE icceptinf FCL/LCL Cirgoei to USA East i West Coast. Ctrribbun.EJtt Cirudj HAITI Cost* Rtci El Salvador. Guatemala Hondural. Venezuela Peru. Ecuador. Colombia via Miami. Trinidad. Barbados. Anti|ua. St Lucia Hontserrat. Cuayana via Kingston 'rTMTJIiITaUTTI rrn yrr. AUSTRALIA CONTAINER SERVICE ACCEPTING CARGO TO AOELAIOE VIA MELBOURttt AND
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      Page 30 Advertisements Column 3
      341 30 met /i m Everett Steamship Corpn.S/A C M, c'd Cent' S.rg *p re T»»' A Crost-e'rt P Kf i<inq K I 363*701-4 20SS&4 PERINTIS LINE 1 II WEEKLY FULL CONTAINER SERVICE SINGAPORE/JAKARTA VOY SINGAPORE JAKARTA PANJANG ETA ETD ETA ETD ETA ETD 172 173 11/07 12/07 14/07 10/07 174-175 IM>7
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      Page 31 Advertisements Column 1
      317 31 MTERCONTMENTAL UNES JEURO AFGHAN/IRAN SERVICES SINOO JAKARTA SERVICE FCL/lCi/CONSOLI DAT lON WEEKLY SERVICE All attar Indonesian ports/inland dostinations/door to door Mrvicas available. MMntfßoofcjnf by: TE®>EMA3TERS LOQWnCS A SUPPLY SERVICES PTE LTD i&Zmrm TIE RS 21M2 -TRACO" F«c ******5 B9A(MQS/ENQiNRCS. PLEASE CONTACT:SINGAPORE: *****11 TLX: ***** SEAAIR' FAX: *****50 P. JAVA *****33
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      Page 31 Advertisements Column 2
      257 31 k Cargoline wraav consol ocl/fcl) FAR EAST (ALL PORTS) AUSTRALIA NEW ZEALAND EUROPE/U.K. Also accepting cargo to other ports. For bookings/enquiries, please contact Tel: 745 1211 Tlx: ***** Cargo Fax: *****40 0 ES P. T. GESURI LLOYD CONVENTIONAL SERVICE TO USA PORTS VESSEL ETA ETD DESTINATIONS VIENNA WOOD 12/7/11 14/7/
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      Page 31 Advertisements Column 3
      410 31 LCL/FCL SERVICE VESSEL TBN S PORE I BANGKOK 9/7 I 11/7 VESSEL JENHOL 72N VESSEL TBN S PORE I JAKARTA tO/7 I 13/7 SPORE HKG 10/7 I 13/7 VESSEL A VESSEL S PORE I NOUMEA 20/7 I 2/9 A VESSEL Also accepting cargo to KEFLUNG KACWSiUNG CHINA |via HONG KONGi
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      Page 31 Advertisements Column 4
      569 31 REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLORY SCLATAN VIII VII G/SELATAN IX G/SELATAN V V-« 2 m 11/7 Wt japan up 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM TAIWAN TO SINGAPORE
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      Page 31 Advertisements Column 5
      337 31 PTC CONTAINER LINES FCI LCI SERVICE rtC Gi'OjP SIM PAI FAIT 10/7 KEELUNG/KAOHSIUNG 11/7 BANGKOK 10/7 MANILA 16/7 JAKARTA 16/7 PORT KELANG/PENANG 10/7 BUSAN 12/7 TOKYO/YOKO/KOBE 11/7 HONG KONG also accepting cargo to Huangpu/Shewtien/Fwtiou/ Xiamen/ Xingang/Shanghai SIM HMK 12/7 RDM/HAM/ANT/LE HAVRE/GENOA 10/7 L.A./NYC/SFO 10/7 VANCOUVER/TORONTO/MONTREAL 1i 13/7 SYD/MELB/ADEL/FREM 23/7 AUCKLAND/WELLINGTON
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      Page 32 Advertisements Column 1
      329 32 Hai Sun Hup Co (Pte) Ltd 1 L TEI *****06 (20 linesl TLX HS ***** K RS ***** Wl i \sii K\ (\k i i\i K iii) Yokohama 4/8 12/8 17/8 "W' -2/8 9/8 13/8 Ouka 31/7 Smboku Moji •Subject to cargo inducement MOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG.
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      Page 32 Advertisements Column 2
      584 32 ULTIMATE FREIGHT SERVICES PTE LTD Tel: *****11 Tlx: ***** Fax: 224M82 Weekly LCL icctptanct to AUSTRALIA all ports NZ all ports HK mcM| China BANGKOK inctti Laos EUROPE USA CANADA all major ports LA, SFO major ports Edmonton, Calfary, VCR Montroal, Ottawa KS WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW
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      Page 32 Advertisements Column 3
      721 32 m fEEKLY FAR EAST/EUROPE CONTAINER SERVirr CALL US AT: P. KELANG PENANG F J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 •07-*****8 •07-*****3. *****5, *****0, *****1 •02-*****22 *****68 TO EUROPE OOTHEWiUtC. BREMENHAVEN, HAMBURG. ROTTERDAM COfCHHACCN, L£ HAVtt, HELSINKI, MALMO OSLO, STOCKMOiM. UK OTHER DESTINATIONS: PENANG (»T RAIL FROM
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