The Business Times, 2 August 1988
1988-08-02
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The Business Times
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Title Section11 1988-08-02 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, AUGUST 2, 1988 75 CENTS11 words
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Article235 1988-08-02 1 AFP Dow Jones higher NEW YORK stocks were little changed yesterday morning as traders approached equities with caution following last week's sharp gains. The Dow Jones Industrial Average. which surged 46 points on Friday, was up 4.45 points to 2,133.18 in the first hour of trading. GainersAFP - 235 words
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Article, Illustration510 1988-08-02 1 ROSIE TAN - Computer breakdown fails to hold back the bulls By ROSIE TAN A BREAKDOWN in the computerised trading system at the Stock Exchange of Singapore yesterday failed to hold back the surge in share prices which climbed to their highest levels this year. The SES extended trading510 words
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127 1988-08-02 1 THE US DOLLAR was firm during early trading in London yesterday as operators were expecting an imminent tightening of US monetary policy, dealers said. But fears of central bank intervention to defend the weak West German mark limited the dollar's gains. By127 words
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232 1988-08-02 1 ALL THE THREE main regional markets closed higher yesterday, led by Tokyo, which touched record highs. Analysts there said sentiment was boosted by fading fears of higher interest rates and inflation, and by the 46-point rise on Wall Street last Friday. The Nikkei232 words
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205 1988-08-02 1 MR SON SANN. the Prime Minister of the Coalition Government of Democratic Kampuchea, arrived in Singapore yesterday for a three-day unofficial visit. During his stay, he will meet Prime Minister Lee Kuan Yew and Foreign Minister S Dhanabalan. Mr Son Sann flew in205 words
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Article131 1988-08-02 1 Bernama THE PRICE of tin shot up 14 Malaysian cents to a two-and-a-half-year high of M 519.10 per kilogramme on the Kuala Lumpur Tin Market yesterday as miners held back stocks amid growing demand from European and Japanese consumers. The metal hit M 519.06Bernama - 131 words
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Article, Illustration370 1988-08-02 1 AFP KING BHUMIBOL Adulyadej opened parliament in a special ceremonial session in Bangkok yesterday following general elections expected to give Thailand its first elected premier in more than a decade. Prime Minister Prem Tinsulanonda reiterated in Bangkok yesterday that he would notAFP - 370 words
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629 1988-08-02 1 ANNA TEO - By ANNA TEO TAX CONSULTANCY, long the domain of accountants and lawyers, looks set to be thrown open to more people. Tax agent licences could be granted to people with the necessary tax qualifications and experience to help the public629 words
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Page 1 Advertisements
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Advertisement42 1988-08-02 1 Nikon The World's Finest Photographic System. EtfPTOIMZ. The most comfortable Chair at a most comfortable price M6ll n M 612 M 613 Appointed Distributor: HENRY DESIGNCENTRE PTE LTD HENRY BUILDING 5 Eunos Ave BA, Singapore 1440 Tel: 748-6666 A Choirmaster International Collections42 words
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Advertisement308 1988-08-02 1 Share Information, PAGES 14 15 Regional Markets, PAGE 16 The rise of Seagate A COMPANY saying It would freeze recruitment might not attract much attention. Seagate Technology did. This is the company that rose quickly to become Singapore's biggest employer. How did it reach its present status? Turn to Page308 words
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Advertisement32 1988-08-02 1 Nikon The World's Finest Photographic System mu/f de (a/Iter BOUTIQUES \q/ mu/f de C a/tier #01-36. Lucky Plaza. 304 Orchard Road Tel: *****27. #01-04. Hilton Shopping Gallery, 581 Orchard Road Tel: *****9532 words
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HOME NEWS
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406 1988-08-02 2 LILY FERNANDEZ - By LILY FERNANDEZ GROWING DEMAND for printed circuit boards (PCBs) has prompted Hitachi Chemical Singapore to undertake a $35 million expansion of its local multi-layer PCB operations. Hitachi's expansion plans are to be partially funded by a $30 million406 words
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193 1988-08-02 2 THREE SINGAPORE plants of multi-national companies (MNCs) are expanding their operations, according to Singapore Investment News, a publication of the Economic Development Board. Glaxo, the UK pharmaceutical giant, is thinking of expanding and upgrading production facilities at its Singapore subsidiary, Glaxochem Pte Ltd. It has already193 words
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730 1988-08-02 2 LEE HAN SHIH - By LEE HAN SHIH, Property Correspondent THERE MAY BE a number of reasons that prompted the owners of four new hotels to open their doors this year, but making early profits from hotel rooms is unlikely to be one of them. The local730 words
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418 1988-08-02 2 TONG SUIT CHEE - By TONG SUIT CHEE RECENT AMENDMENTS to the Architects Rule* to encourage a better flow of public information on the profession are welcome but they ars unlikely to create much impact. Architects say the amended rules, which will come into effect next month, will418 words
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Article111 1988-08-02 2 THE MINISTRY of Health has issued another warning against the illegal sale of medicinal poisons. Proprietors, managers or tenants of shops that sell medicinal poisons antibiotics, hormones or tranquilisers without a licence can be prosecuted under the Poisons Act. Housing and Development Board shop tenants who111 words
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248 1988-08-02 2 SINGAPORE will be linked by sir to 100 destinations around the world once Singapore Airlines and Malaysian Airlines begin joint service# to a Malaysian ie> land, Pulau Langkawi, this year. The Civil Aviation Authority of Singapore (CAAS) has nounced that MAS248 words
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Article51 1988-08-02 2 THE PA CONSULTING Group in Singapore has launched a recruitment system called total quality recruitment (TOR). TOR, which will be pro- vided free of charge to e&isting clients, is a system of defining the needs of a job 1 assessing candidates and efficiently matching them against the51 words
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Article35 1988-08-02 2 THE PUBLIC UTILITIES Board has completed work on the Bukit Panjang Service Reservoir end Booster Station. They will supply water to 21,000 flats in the elevated areas of Bukit Panjang New Town.35 words
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Page 2 Advertisements
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Advertisement284 1988-08-02 2 Some very auspicious numbers that'll save you money at the new Brother Showroom. Amriict k a \/Pr\/ C r~l 31 mAnth "f r\r lIC nrin 4-/-1 trr in/\t>/>l mm J August is a very special month for us. It marks the opening of our new Showroom in GSM Building, at284 words
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Advertisement149 1988-08-02 2 Keep yowself constantly informed of the latest developments in Japan's Steel indostry by regularly subscribing to $opan JAPAN STEEL JOURNAL, the one and only English daily journal in Japan, supplies quick, accurate and authentic news on principal events in Japan's iron and steel industry. It also closely follows daily price149 words
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Page 2 Miscellaneous
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Miscellaneous125 1988-08-02 2 Cairo Co^Bory Canberra Caracas Qdcago Capliogon Dorwtn ro 17/06 16/12 36/25 36/30 33/26 30/24 29/22 31/24 26/17 23/12 32/24 28/12: 21/10 20/12 32/11 19/11 36/24 22/U 14-03 27/17 35/21 19/14 32/22 11/09 23/07 23/10 31/25 16/11 16/11 32/26 31/24 31/22 31/21 34/24 30/19 20/06 26/16 33/23 16/13 27/15 20/11 29/21125 words
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ASIA-PACIFIC
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Article, Illustration358 1988-08-02 3 CAMBODIAN Prince Norodom Sihanouk said yesterday that no date had been set for Sino-Sovi-et talks on Cambodia but Chinese leaders were cautiously optimistic they could help speed the end of the war. "They (Chinese officials) are half-optimistic," Prince Sihanouk told reporters after meeting Chinese358 words
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Article345 1988-08-02 3 AFP DEBT REPAYMENT versus economic growth is sparking fierce debate within the Philippine government as Congress considers several'bills to limit foreign debt repayment unilaterally. Central bank governor Jose Fernandez has asked Congress to act conservatively. He urged lawmakers to pass a cosmetic debt repayment measure thatAFP - 345 words
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220 1988-08-02 3 AFP VIETNAM has decided to place a temporary ban on videos made in non-communist countries, beginning this month, the official Quan Doi Nhan Dan has said. Screening of films from countries "outside the communist bloc" will be "temporarily suspended for four months beginningAFP - 220 words
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212 1988-08-02 3 AP A POLITICAL SURVEY on Sunday showed President Roh TaeWoo of South Korea is gaining popularity with his continued reforms and willingness to heed public opinion. The survey of 1,500 people said 53.4 per cent of the respondents praised Mr Roh for carrying outAP - 212 words
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410 1988-08-02 3 AFP INDIAN Prime Minister Rajiv Gandhi rushed a senior Cabinet colleague to Nagaland on Sunday where a revolt by his ruling Congress (I) partymen has plunged the state government into a crisis, officials said. Mr Gandhi ordered Federal Transport MinisterAFP - 410 words
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457 1988-08-02 3 Reuter HONGKONG has declared war on the booming fake computer software industry, with tough new powers for investigators and a series of raids that netted goods worth HKSB.S million. "We are determined to eradicate computer piracy in Hongkong," a senior government official saidReuter - 457 words
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214 1988-08-02 3 AFP CHINA'S textile output grew by 8 per cent in the first six months of the year compared with the same period last year but stocks in shops fell rapidly due to panic buying triggered by inflation fears, the pressAFP - 214 words
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Page 3 Advertisements
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Advertisement13 1988-08-02 3 Leader, PAGE 10 Finally a start in the ••arch for peace, PAGE 1113 words
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Advertisement191 1988-08-02 3 Is Number One! If YOU'RE GOING to move office this year, you must first see this remarkable building. Excellent business location close to MAS Building and Treasury Building. Direct access to East Coast Parkway. MHT convenience Tanjong Pagar (Maxwell) MRT station a short walk away. Classic identity clad in rich191 words
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Page 3 Miscellaneous
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Miscellaneous64 1988-08-02 3 Doonesbury ON THE BOARPMALK. GANTIC U» TAKES YOUR BREATH AWAY, POESNT IT* ILL SAY. YOU DON'T OFTEN SEE VULGARITY ON THAT SCALE 8 f.f V/ 0 *nr# Hjfi BY GARRY TRUDEAU rj P0 YOU REALIZE TRUMP COULP HAVE BUILTBOO UNITS OF LOOUINCOME HOUSING UJ/TH WHAT HE PA IP FOR THAT64 words
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REST OF THE WORLD
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537 1988-08-02 4 Congressman warns of hidden control in key sectors AP FOREIGN investment in the United States is expected to accelerate dramatically this year, but the true scope of overseas ownership remains hidden, a congressional critic complains. "We need to know if foreign ownershipAP - 537 words
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156 1988-08-02 4 Reuter SWEEPING personnel cuts in Moscow will dramatically reduce the size of the Communist Party bureaucracy following a decision to reshape the Party apparatus. According to Soviet sources on Sunday, at least three Moscow shops supplying goods to the "nomenklatura" largely the PartyReuter - 156 words
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330 1988-08-02 4 AP NEW GOVERNMENT statistics have revived debate over whether inflation, which hit double digits in the US during the *****, is returning to the country. President Ronald Reagan's administration, mindful of how voters' perceptions will affect the presidential race, insists there areAP - 330 words
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Article134 1988-08-02 4 Reuter OUTGOING US presidents should leave copies of important files in the White House when they depart so the new administration can avoid errors of ignorance, according to an independent study on Monday. "We know of no large institution other than the White House inReuter - 134 words
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Article192 1988-08-02 4 Reuter FOUR central American countries were expected to push US Secretary of State George Shultz for a massive infusion of aid in Guatemala City on Monday as part of diplomatic efforts to isolate Nicaragua. Salvadorean Foreign Minister Ricardo Acevedo said. "We believe that it isReuter - 192 words
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Article898 1988-08-02 4 arrivals Operator S«rvic« Local From number timo GU GA960 1100 CGK SU SOI 05 1105 KUL MAS MH7382 1110 MCI tu ***** 1130 IWN SU SO 201 1145 CGK GU GA940 1150 MCS THA TG403 1155 IKK SU SQ191 1155 THA TG407 1205 •KK/HOY GU GA900 1210898 words
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Page 4 Advertisements
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Advertisement121 1988-08-02 4 11 »J» 5Ti^L *V Plus a Wide Variety of Other Office Pal FO-151 1235-88 FAXIB9 Compact Facsimile /with Superb Image Quality Half tone transmission with 8 levels of shad ng Super fine transmission mode tor hgh resoiut on G3 compatibility and poilng function FO-210 1124 88FAX1<51 High-Quality Compact Facsimile High121 words
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Advertisement56 1988-08-02 4 FI 1i J w If llf The business person's choice, every I I II 111 I Tuesday. Thursday, Saturday and I 1 Ml II Sunday. Leaving Changi Airport at JL 1 J. 22:05 hours and arriving at Lester B Pearson International Airport the following day Call your Trove* Agent or56 words
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Page 5 Advertisements
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Advertisement225 1988-08-02 5 We've expanded our operations in this part of the world. Now, instead of just helping you set up cosy, beautiful homes, we're extending it to your working environment as well. And instead of just buying pieces of furniture for the office, we'll help you plan, design and even colour co-ordinate225 words
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MONEY AND EXCHANGES
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Article1625 1988-08-02 6 Reuter, OCBC SINGAPORE: THE US DOLLAR yesterday closed mixed against major currencies after fluctuating within a narrow range in thin trading. Dealers said the dollar's sentiment remained bullish supported by expectations of higher US interest rates. There was no central bank intervention reported in yesterday's trading, dealers said.Reuter,; OCBC - 1,625 words
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Article41 1988-08-02 6 THE OVERNIGHT rate on the Singapore money market remained unchanged yesterday. S$ interbank rates at the close yesterday: ore* •ID Ov«rnigte 4 1/2 3/« 1 4 3/8 1/2 2-monlt> 4 3/4 V« 3-manlti 4 7/i 3/4 Overnight mod*: urtav41 words
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Article98 1988-08-02 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER high low 3 months BQ*****V 27.10.88 3.97 3.92 6 months BY*****T 24.11.88 4.02 3.97 1 year BY*****S 20.07.89 4.29 4.24 4.20 4.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID98 words
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Article, Illustration194 1988-08-02 6 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Aug 1 us$ DM SWFC Yen 7 do yj 1/16 7 15/16 9 7/8 3/4 5 1/16 4 15/16 3 1/4 3 4 1/7 3/8 1 iwti 8194 words
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Article273 1988-08-02 6 ASIAN DOLLAR deposit rates yesterday closed steady at opening levels after quiet trading. Term rates were narrowly mixed at the outset and remained unchanged in subsequent trading. One month closed at 8-3/16 8-1/16 per cent, three months at 8-7/16 85/16 per cent, and six months at 8-11/16273 words
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Article468 1988-08-02 6 BA Futures SEPTEMBER Eurodollar futures opened 1 tick higher than Friday's close at 91.52. After dipping initially to the low of 91.51, September Eurodollar edged higher to 91.54 on a firmer US dollar. Trading range remained tight with traders awaiting further economic releases such as leading indicators today andBA Futures - 468 words
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Article263 1988-08-02 6 Reuter IMM CURRENCY futures ended yesterday with sharp losses despite several rounds of central bank intervention to halt the dollar's advance. The repeated dollar sales by the Federal Reserve, as well as efforts by the Bundesbank, Swiss and Dutch central banks to depress the US currency did little toReuter - 263 words
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Article1381 1988-08-02 6 CURRENCY FUTURES OPTIONS Monday, Aug 1, 1988 DEUTSCHE MARK (MflEX) Amb c* H*H U« Ml 53 604 JO 54 55 J 5* 2A 1 57 CA1 CM 5* CA» C Aas M pato mgh law Oca i* ISA 17 734 49 1454 140 3554 340 3554 340 53 541,381 words
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BANKING AND FINANCE
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399 1988-08-02 7 AFP BRAZIL has concluded the process of normalising its relations with the international financial community, Brazilian Finance Minister Mailson da Nobrega said last Saturday in published news reports. The process, he said, was finalised on Friday with the signing in Paris ofAFP - 399 words
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391 1988-08-02 7 FT A GROUP of 50 life assurance companies have had to bail out one of the UK financial services industry's new watchdog bodies with a cash injection likely to total more than £1 million. The money is understood to be neededFT - 391 words
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187 1988-08-02 7 Reuter JAPAN and the US will continue to discuss US proposals to increase foreigners' access to Japanese government bonds, a Finance Ministry official said. He said the US has asked Japan to expand foreign financial institutions' share of underwriting soon, and to introduceReuter - 187 words
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288 1988-08-02 7 Reuter NCNB CORP said its control of First Republicßank of Dallas should immediately improve its earnings and that the new bank formed in one of the largest bail-outs ever would pump funds into the troubled Texan economy. NCNB chairman Hugh McColl told aReuter - 288 words
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Article410 1988-08-02 7 SOH TIANG KENG - Two banks tapping Asian market By SOH TIANG KENG, Financial Correspondent IBJ MERCHANT Bank (Singapore). a wholly-owned subsidiary of the Industrial Bank of Japan, will be making its debut on the Singapore-based Asian dollar market with a ASIOO million floating rate notes (FRN) issue. According to a bank official, the410 words
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341 1988-08-02 7 Reuter NEW ZEALAND'S Labour Party government, faced with a growing crisis over plans to sell the country's leading hank, said yesterday it was calling a special meeting of its MPs to discuss the issue. Prime Minister David Lange said in aReuter - 341 words
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247 1988-08-02 7 Reuter ITALY'S state borrowing requirement rose to a provisional 51,719 billion lire in the first six months of 1968 from 46,820 billion in the first half of 1967. the Treasury has said. Revenues in the first six months totalled a provisional 124.066 billion lire againstReuter - 247 words
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280 1988-08-02 7 Reuter WEST GERMAN overnight call money shot back up to the new Lombard emergency funding rate of 5 per cent the effective market ceiling after briefly dipping to 4.00/10 on technical, month-end factors on Friday. "This is hardly surprising after the BundesbankReuter - 280 words
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Page 7 Advertisements
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Advertisement241 1988-08-02 7 What a Beautiful Investment In Singapore's most luxurious condominium. WHEN ARCADIA was built, the developer, Singapore Land Limited, retained a number of apartments, maisonettes and penthouses these are now being released for sale, providing investors with a blue chip offer. These are some of the things written about ARCADIA. "One241 words
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Advertisement180 1988-08-02 7 J* technology and design, iranteed by this point. J BLAUPUNKT BOSCH Group It's a small point. But it makes a world of difference. Blaupunkt Integral IS Switched on, it provides a very clear picture and stereo sound in hi-fi quality. Switched off, its functional design makes a good impression. Thus,180 words
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COMMODITIES
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Article, Illustration375 1988-08-02 8 Bernama CENTRAL SUGARS Refinery Bhd, a subsidiary of Tradewinds (M) Bhd, may ask the Malaysian government to raise the price of locally refined sugar next year if the prices of raw sugar continue to rise, Tradewinds chairman Tunku Datuk Shahriman TunkuBernama - 375 words
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210 1988-08-02 8 UPI EGYPT, reversing a downward trend since the middle of June, has raised the prices of its crude oil exports by US$l4O per barrel for the first half of August An announcement by Mr Hammad Ayyoub, vice-chairman of the Egyptian Petroleum Authority, saidUPI - 210 words
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401 1988-08-02 8 AFP TOTAL OIL of France has agreed to a four million Fiji dollar (US$2.B million) venture to distribute liquefied petroleum gas in Fiji in competition with an Australian firm, Fijian businessman Hari Punja said last week. Mr Punja, theAFP - 401 words
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324 1988-08-02 8 Reuter THE SOVIET UNION is counting on higher sugar beet yields this year to remedy a national sugar shortage, but some western analysts are sceptical about the prospects of such a fast turnaround. The shortages have been aggravated by an increase in sugar consumptionReuter - 324 words
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328 1988-08-02 8 Reuter THE UN Food and Agriculture Organisation has forecast better harvests in Ethiopia this year after some of the heaviest rains in years fed the drought-ravaged north of the country. Mr Ingo Loerbroks. the FAO representative in Addis Ababa, told Reuters he expected Ethiopia toReuter - 328 words
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Article383 1988-08-02 8 HONGKONG: GOLD yesterday closed slightly higher in quiet and lacklustre trading on light buying by British investors in the afternoon, dealers said. They said initial sales were slowly absorbed, while the weaker US dollar prompted increased buying after midday and the price closed near the day's highs. The383 words
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Article302 1988-08-02 8 Reuter Malaysian crude palm oil futures closed firmer on shortcovering and speculative buying interest, prompted by a sharp rise in Friday'a Chicago soyoil futures values. But trading activity remained restricted as operators were cautious and refrained from taking up large positions. Oct and Nov closed Ms 33 higherReuter - 302 words
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Article189 1988-08-02 8 Reuter FO ":PW-THROUGH ov r ***a demand coupled with !Lisi*L5 U J 0, a P t Mn al c, »Mk f Lumpur tin price rise 14 cents to M 519.10 a kg from Friday's level, dealers said. Trading was brisk with active buying, particulariy from Europe and locally.Reuter - 189 words
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Article193 1988-08-02 8 Chinese Produce Exchange Sollor*' noon doting pricat on Aug 1 (SS/100 kg) Coconut oil Bulk FOB 123.00 Otd drum FOB 133.00 Now drum FOB 137.00 Copra MJxod (Ioom) 70 --II Pepper •eirW*! FOB NIW 902.50 Sorowak FOB foq NIW 887.50 Sorowak tpodol block FOB NIW ***** Sarawak Atto193 words
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Article89 1988-08-02 8 Most traders preferred to review on ths sidelines ahead of the Opec meeting. It was an unusually quiet Monday. Closing prices for crude (FOB origin) U$$/barr«J Oang* Tapis (Aug) 15.30 +0.30 Mlnot (Aug) 14.95 undi Dubai (Aug) 13.15 +0.10 Wad Ttiai bftrnwdlutt, WTI (Aug)* 16.38 +0.32 N*w89 words
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Article197 1988-08-02 8 Reuter SMGAPORE Not svailable MALAYSIA Absence of follow-through buying support in sympathy with lower Japanese snd Singapore prices saw the rubber market cloee mixed in thin trading. Late speculative selling trimmed September International RSS Onee buyer, the new trading month, off its highs and it closed half a centReuter - 197 words
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Article291 1988-08-02 8 R AS prices In S c*nto/ko, FOB in bal M NOON CLOSE Buyers S*il*rs 8wy*rs C-M watiwO Int 1 RSS Prompt 269.00 270.00N 266.50 267JON Int 1 RSS S*p 88 268.00 269.00N 265JO 266JON Int RSS Oct 269.50 270J0N 267.00 268.00N Int 2 RSS OP 264.00 266.00N291 words
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Article76 1988-08-02 8 (c«oh/kg) SEPTEMBER 1988 OCTOBER 1988 (current month) (forward month) RAS NOON NOON Bvy«n Sellers •wyers Setters SSR 20 230.00 232.00N 230.00 232.00N SSR 50 229.00 231.00N 229.00 231.00N MRELB Ruy»r» Sellers Ivyeri Setters SMR CV 477.00 479.00N 479.00 481.00N SMR I 477.00 479.00N 479.00 481.00N SMR 576 words
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Page 8 Advertisements
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Advertisement14 1988-08-02 8 advertisement at uasr on w&mo%> i I "a M EXECUTIVE LIFESTYLE SATORDAY. BUSINESS TIMES.14 words
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FOCUS
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Article, Illustration1516 1988-08-02 9 REGINALD DALE - As the European Community and Japan grow in stature as economic powers, both have begun to realise that they have closer relations with the US than they do with each other, and that this disparity needs to be remedied. REGINALD DALE reports. REGINALD DALE IHT EUROPEANIHT - 1,516 words
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Page 9 Advertisements
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Advertisement61 1988-08-02 9 Korean Air flies the world to Seoul. And Seoul to the world with one of the world's largest and most advanced fleets, which includes B747SUDs, to 28 cities 011 four continents. There's also a choice of 37 weekly flights across the Pacific. For more information, call your travel agent or61 words
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PERSPECTIVE
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Article474 1988-08-02 10 THE JAKARTA informal meeting (JIM) last week between the four Cambodian factions with Vietnam and Asean as observers was hailed as a psychological breakthrough. And rightly so, considering JlM's unprecedented success in getting mutually antagonistic groups with irreconcilible interests and ideologies to meet. The hopes474 words
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Article, Illustration1797 1988-08-02 10 CHUANG PECK MING - Disk drive manufacturer Seagate Technology made news recently when it said it would freeze recruitment. Some other company making that kind of statement would have gone unnoticed. But not Seagate. CHUANG PECK MING relates how the company became Singapore's biggest private sector employer. CHUANG PECK MING1,797 words
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REGIONAL VIEWPOINTS
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Article272 1988-08-02 11 Our weekly summary of what other publications have to say about issues of regional interest. BURMA "The Burma Socialist Programma Party haa rejected a proposal made by its former chairman, Gen Ne Win, to hold a referendum on whether or not the county should continue the272 words
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Article268 1988-08-02 11 CAMBODIA "The working group of senior officials set up by the Jakarta Informal Meeting (JIM) is at least a concrete decision. In the words of Foreign Minister AM Alatas, the meeting's chairman, it was set up 'in the search for a comprehensive, just and durable solution of268 words
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Article299 1988-08-02 11 HONGKONG "The Hongkong public's sympathy for the Vietnamese is fading rapidly. As the boat people continue to arrive at a rate of about 1,000 per week, and as tensions grow in the crowded camps, the antipathy towards the exiles will increase. "According to a public opinion299 words
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158 1988-08-02 11 THE PHILIPPINES "President Aquino's State of the Nation address to Congress the other day points the compass to a cautious course of continued political stability and economic growth. It is not likely to create waves. Neither has it launched bold initiatives that could lift the158 words
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222 1988-08-02 11 THAILAND "Although yesterday's general election did not produce the kind of voter turnout desirable in a democracy, it should be considered gratifying that more people than ever before voted for parties instead of personalities, especially in Bangkok .The blatant buying of votes by parties and individual222 words
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Article, Illustration1202 1988-08-02 11 DONALD BAPTIST - Finally a start in the search for peace The recently concluded talks between the warring Cambodian factions represent a breakthrough, reports DONALD BAPTIST. DONALD BAPTIST. Bernama THE LIMITED SUCCESS of the Cambodian peace talks in Bogor, Indonesia, recently may have fallen short of the expectations of observers but there isBernama - 1,202 words
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Page 10 Advertisements
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Advertisement156 1988-08-02 10 From The ianp A IHOUSANPSMIIES THE <HEF WfflH A KNACK FOR sharks FIN ANP SUCKHNC m& This is yet another Tang Court f* Cantonese Gourmet Restaurant's 6th Anniversary celebration. Chef Jareen Sae-Kuat, who hails from JB Hotel in Hatyai is claimed to have one of the best touches when it156 words
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Page 10 Miscellaneous
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Miscellaneous691 1988-08-02 10 CRYPTIC PUZZLE ACROSS 3 A strapping guard 7 (5) 8 Tryingly bad-tempered (5) 10 Cilia's new shade? (5) 11 A snake around one's neck! (3) 12 Pigment much resembling amber (5) 13 The barbarian had a name for this country (7) 15 Poetry some lover sends (5) 18 I get691 words
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Page 11 Advertisements
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Advertisement202 1988-08-02 11 t 4 fcvf 4 If The 25 is another name for an exclusive business circle high up on the 25th Floor of the Grand Continental. Stay at our Continental Rooms on Level 25 and enjoy these exclusive facilities. Private I nuntf at level 2-> at \our convenience Personalised butler service202 words
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Page 11 Miscellaneous
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Miscellaneous1344 1988-08-02 11 to 000 oaso® !!i 12 7.30 PM Opening Announcement and Programme Highlights followed by Carol Burnett And Friends. Shirley MacLairte and Sammy Davis Jr appear as guests in tonight's show. 8.00 In Search Of The Trojan War The Singer Of Tales (See highlights). 9.00 You Don't Have To Be Irish.1,344 words
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SPORTS & LEISURE
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Article, Illustration336 1988-08-02 12 Agencies ANDRE AGASSI, the second seed, won his fifth singles title this year when he beat 13th seed Paul Annacone 6-2, 6-4 in the final of the U*****,000 men's Grand Prix tennis tournament in Vermont on Sunday. The 18-year-old American, ranked fifth in the world,Agencies - 336 words
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212 1988-08-02 12 UPI STEFFI GRAF took one hour and 25 minutes to defeat Bulgaria's Katerina Maleeva C-4. 6-2 in the final and retain her title at the US$2OO,OOO Hamburg tennis tournament last Sunday. For her 40th Grand Prix tournament success, the world No. 1 collectedUPI - 212 words
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283 1988-08-02 12 UPI OREL HERSHISER threw a fivehitter for his 15th victory of the season and John Shelby singled home the first two runs in the fourth inning in Los Angeles last Sunday, powering the Los Angeles Dodgers to a 6-1 victory over the HoustonUPI - 283 words
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Article, Illustration516 1988-08-02 13 AP AYAKO OKAMOTO was waiting inside the clubhouse, smoking a cigarette and conserving her energy for a play-off, when she learned she had just won the U*****,000 Greater Washington Open. Okamoto shot a four-under-par 67 last Sunday to beat Beth Daniel and Connie Chillemi by oneAP - 516 words
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267 1988-08-02 13 AFP SCOTT VERPLANK avenged three years of frustration last Sunday by shooting a six-under-par 66 that gave him a two-stroke victory in the US$7OO,OOO Buick Open in Michigan. Verplank, whose only PGA tour win was as an amateur in 1965. finished 20AFP - 267 words
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Article, Illustration609 1988-08-02 13 AP AFTER WINNING back-to-back European PGA tour titles in the British and the Scandinavian Opens, Seve Ballesteros feels he still needs to improve his golf game. "Believe it or not, but I've got many things to improve," the stylish Spaniard saidAP - 609 words
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454 1988-08-02 13 CHARLES SAVAGE - By CHARLES SAVAGE THE GALS will pound and thrash in Kallang Basin on the 28th to show they can jog and canoe just as well as the boys. Sweat apart, this friendly competition should also raise at least $12,000454 words
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383 1988-08-02 13 NYT DONNY LALONDE carries a gym bag, not a brief case, when he goes to work. He eschews three-piece suits and ties in favour of sweatpants and 10-ounce gloves. While others might punch computer keys. Lalonde earns his living punching opponents. These differencesNYT - 383 words
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Page 12 Advertisements
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Advertisement879 1988-08-02 12 COURVOISIERXO-HfiECC TO EaVT,CUNI^ Open far feme* jnd<*nn«r Order a Guinness draft stout or draft beer get another FREE. Or get 25% off all other drinks by the glass. And 10% off bottle purchases. Nothing could be jollier! Mon Thur: 10pm to lam Come try our delectable international cuisine. Ca)p Extntordbwnr879 words
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Advertisement233 1988-08-02 12 W. n sO 1 The Matterhorn beckonsl Savour the works of Swiss masters at the Belvedere. In our month-long fair stretching from August 1-31. With Jellied trout, Rindsroellschen, Fresh oysters, Sauerkraut swiss style, Fbndue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at233 words
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Page 13 Advertisements
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Advertisement278 1988-08-02 13 ENTERTAIN überttuc (SriU a m: m So much to choose for only $2150 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, tortes...cheese board, fresh fruit.freshly brewed coffee. All for $21.50 And for $27.50 you can add a roast or278 words
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Advertisement204 1988-08-02 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANOTHER IS THE CHOICE OF MAIN (XX RNKS PALM For between $26++ and $40+ I U Can rom our appetiser VjKILL* buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish204 words
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Advertisement31 1988-08-02 13 NAjC it? xo COURYOISIER COGNAC D« arm** de vietltiMemem en for* de ch*ne om ft* ntctmain» pour enrr subtile «la fmesse ct Cognac «ooucf off«ANa k>:vo -1 I XO COURYOISIER COGNAC31 words
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Page 13 Miscellaneous
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Miscellaneous45 1988-08-02 13 > f PLAY THE MIL SACK IN YOUR STANCE. MORE TOWARDS THE FOOT/ r THE MAM OS > SHOULD »E AHEAD OF THE BALL AMD THE WEI6UT SHOULD FAVOUR THE J LEFT SIDE i THIS HEIRS TO DCLOfT THE &UBFACE, AMD keeps the bail London Exoreso Service.45 words
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STOCK EXCHANGE OF SINGAPORE
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Article42 1988-08-02 14 Company RIGHTS ISSUE C K Tang On»-for-N*o Q $2 25 p*r star* Eoch rights comm with two dotochobi* TSb Th» M*rci» pric* lor Hw TSfe. expiring on May 31. 19*0. ii $2 25 Ex-dot* Aug 3 Books ctoni: Aug 1642 words
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Article250 1988-08-02 14 Company RIGHTS ISSUE A M D B One-for-four $0.50 per store C 1 Holdings 27 million loon stocks in the ratio of S3 loon stock for every five ordinary ik/irej Duta Cons Snorts r>#lO One-for-one $1.10 per ihare F N Two-for-five Q $3.00 per shore F A C250 words
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Article160 1988-08-02 14 MALAYAN CREDIT Limited: 26th AGM at Room 835, 8th Floor. South Wing, Mandarin Hotel, Orchard Road, Singapore 0923, on Saturday, August 6, at 10am. SINGAPORE AIRLINES Limited: 16th AGM at the Collyer Room, 4th Level, The Westin Stamford and Westin Plaza, 2 Stamford Road, Singapore 0617, on Aug160 words
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Article270 1988-08-02 14 Managers' prices for Aug 2 Singapore Unit Trust Th* CoMWfc* 104 Th* Sov<ng» Fund 0.91 S'por* Prog Fund 0.44 S'por* Sac Fund 049 1 S port Imw Fund 0.73 S'por* Equity Fund 052 Asia Unit Trust Mai Invwt Fund 1.44 Mai Prog Fund 036 Mai Security Fund 038270 words
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Article, Illustration715 1988-08-02 14 by LONG SPURRED BY corporste developments snd bullish oversees sentiment, institutional funds yesterdsy pushed shsre prices to their highest level this year in sctive trsding. Besides Wsll Street s 46-point gain on Friday and Tokyo's higher cloee, seversl bullish localby LONG - 715 words
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Article5199 1988-08-02 14 1 High Low Tal Coda Company 31 orQr*s Dtv DIv C*w Qr*a rid Nat P/E Vol ("000) Day High Low Laat Q Baiyar 1 noil SECTION ONE MOUSTVUAL ft COM MERC IAL 1006 130 86 1000 990 218 163 121 460 176 350 125 167 156 2965,199 words
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Page 14 Advertisements
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COMPANY NEWS
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345 1988-08-02 15 MBT FROPERTY-BASED Metroplex is planning to diversify into financial services to broaden its earnings base. Speaking to reporters after the 25th annual general meeting in Kuala Lumpur last Friday. Metroplex managing director Chan Teik Huat said negotiations have reached a fairlyMBT - 345 words
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441 1988-08-02 15 LISA LEE - By LISA LEE HOT ON THE HEELS o( the r»cent successful launch of National Kap Ltd on Sesdaq. another company is planning to seek a listing on the second securities market. Sources say that merchant bank NM Rothschild and Sons (S) Ltd is441 words
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Article, Illustration199 1988-08-02 15 STRAITS Steamship Co Ltd. the property-shipping subsidiary of the Keppel group, is on course for another year of record profits. For the six months ended June 30, 1988, group pre-tax profits rose by a sharp 65 per cent to $11.15 million ($6.75 million) on199 words
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150 1988-08-02 15 Reuter MALAYSIA'S largest investment house Permodalan Nasional Bhd (PNB) is considering setting up a property trust fund over the next two years. "We are seriously considering it and the plan is still on the drawing board. It will be an additional serviceReuter - 150 words
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610 1988-08-02 15 NST DIVERSIFIED MBf Holdings (MBfH) is moving aggressively into number of areas, namely consumer financing, fast-food, insurance and manufacturing. Managing director and group chief executive Datuk Loy Hean Heong said the group, like most other companies, had not been spared the onslaught of recession.NST - 610 words
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Article102 1988-08-02 15 TAN SRI Mohamed Ghazali Che Mat has been appointed chairman of Kumpulan Guthrie Bhd, the largest Malaysian-owned planta-tion-based group. He takes over from Tan Sri Dr Rashdan Baba. Tan Sri Mohamed Ghazali, former Malaysian armed forces chief who retired late last year, currently serves on102 words
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315 1988-08-02 15 THE INSTITUTE of Banking and Finance is introducing a new format for its dealer's representative examination. From Sep 9, those seeking a licence to deal in stocks and shares will have to pass two multiple-choice papers instead of a single paper introduced in April315 words
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Page 15 Advertisements
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Advertisement160 1988-08-02 15 Straits Steamship Company Limited (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Group and the Company for the six months ended 30th June 1988: Group pre-tax profit from higher sales of $687 million increased by 65.1% to $11.1 million. The significantly improved result160 words
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REGIONAL MARKETS
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597 1988-08-02 16 NYT THE PREFERENCE of Japanese industry for home-grown expansion and its disdain for Ameri-can-style mergers and acquisitions is fast changing. Japanese industrial companies are moving to increase their market share through acquisitions in the US and Europe rather than from exports, creating a lucrativeNYT - 597 words
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157 1988-08-02 16 FT ALAN BONO, the Perth entrepreneur. has been forced again to cut the price of units in Bond International Gold (BIG) to assure success for the US$3O6 million flotation, the world's largest by a gold mining company. The BIG issue had encounteredFT - 157 words
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Article3438 1988-08-02 16 CONTINUING LAST WEEK'S uptrend, share prices on the Kuala Lumpur stock market charged ahead yesterday in active trading with business volume exceeding 35 million units. Off-market transactions also shot up sharply to 3.12 million shares with the bulk coming from the 1.6 million Far East3,438 words
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Article1417 1988-08-02 16 Hongkong HONGKONG SHARE prices closed sharply higher yesterday but prof-it-taking trimmed earlier gains. The Hang Seng Index roee 24.50 to 2.703.42 and the broader based Hong Kong Index 10.48 to 1,781.91. Profit-taking set in after the Hang Seng hit a high of just over 2.714. "The Hang1,417 words
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Article129 1988-08-02 16 AUG *1 WON Ch«4l Sugar Daatim Ind Daawoo Corp Daawoo Haavy Dawhtn SMurtNa Dong Ah Phar ***** ***** ***** ***** ***** ***** unch •100 ♦500 -300 uncfi uncti Ooog Suh Stock OongtHj Staai unch -700 Gold Star Harxl Bank Hand Camant Mankuk Qlaaa Hanyang Cnamical Hyundai Conai ***** *****129 words
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Article495 1988-08-02 16 Reuter TOKYO SHARE prices closed higher yesterday, but were unable to sustain peak levels from the morning, as profit-taking seeped into afternoon trade, brokers said. The Nikkei Index rose 126.7 points, or 0.46 per cent, to finish at 28,326.31 after reaching a peak of 28,409.17 in the early morning,Reuter - 495 words
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Article417 1988-08-02 16 Reuter THE AUSTRALIAN share market closed strongly higher yesterday despite the absence of many Sydney institutional traders. The rises were on the back of improved gold prices and higher closes on international markets, brokers said. "Essentially it was quite quiet, partly because of the bank holiday (in New SouthReuter - 417 words
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Article167 1988-08-02 16 Reuter THE SECURITIES Exchange of Thailand Indax fall 0.07 points to 456.94 yastarday on e turnover of 3,091,678 sheret worth 277.72 million baht. AIM tl BAMT Ao Kham Thai 434 -12 nt 448 2 Bangkok Agro-lnd Bangkok Bank. 125 329 -4 4 Bank 01 Ayudhya.. 370 2 Charoong ThaiReuter - 167 words
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Article255 1988-08-02 16 AIM 91 1 rr t Ail Slncara Indua Aaia Camant Cathay Con* ChtnQ Hwa Ba*>* Chang Loons Chia Hein Gamant Chin Main Flour China Cham China Dav 5 90 •7 00 110.90 704.00 42.00 70 00 28JO 56.90 235 00 -0 06 unch 3 22 •1 -2 1.8 2.5255 words
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Article66 1988-08-02 16 MM *1 KKM AcOf# Minirjg PM Apax MMm B 0 042 -0 001 Aflat Con B 23 25 uncft Baguto Qotd Btuc PMratwim Banfluat Con 92 uncft Flr*» PhH HMtga 13 50 0.5 Lapanto B. 0 96 +008 Marcoppar SSSTizzzz: PhM Overeeee 0* unoh 2«P» V9 *05 PLOT 23066 words
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Page 16 Advertisements
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Advertisement100 1988-08-02 16 This announcement appears as a matter of record only. U.S. $250,000,000 NIPPON TELEGRAPH AND TELEPHONE CORPORATION 9V 2 Notes due 1995 Issue Price 101%% BANQUE PARIBAS CAPITAL MARKETS LIMITED NOMURA INTERNATIONAL LIMITED DKB INTERNATIONAL LIMITED GOLDMAN SACHS INTERNATIONAL CORP MORGAN STANLEY INTERNATIONAL BANK OF TOKYO CAPITAL MARKETS GROUP BANKERS TRUST100 words
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INTERNATIONAL COMPANY NEWS
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461 1988-08-02 17 FT SIR ROBERT Crichton-Brown stepped down on Thursday as executive chairman of Rothmans International and left the company's annual meeting at London's Dorchester Hotel £750,000 richer. The cash reward for "a job well done" during his 43 months as the tobacco group'sFT - 461 words
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Article86 1988-08-02 17 Reuter US FOODS group United Brands Co has acquired a 15 per cent stake in Spanish citrus fruit producer and distributor Pascual Hermanos SA for an undisclosed sum, sources said. The deal was arranged by Corporacion Financiers Reunida SA (Cofir), a holding company in which ItalianReuter - 86 words
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453 1988-08-02 17 FT COMPANY DIRECTORS should be given sweeping powers immediately to disenfranchise and freeze shareholdings in their companies when they suspect that the true owners of the shares are being concealed, according to a UK government consultative document published last Friday. The reportFT - 453 words
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328 1988-08-02 17 FT BEAZER, the UK housebuilding, materials and contracting group which recently gained control of Koppers of Pittsburgh, the US aggregates and chemicals company, has suffered a setback in its ambitious US expansion plans when a US$66O million deal to sell the Koppers chemicalsFT - 328 words
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Article113 1988-08-02 17 HONGKONG All Industrials Hongkong Index Monday 1.***** Monday Z5765 Friday 2.5657 Friday 1.771.43 ogo 2.5803 W*etc ogo 1.751.10 NEW YORK Hang Song Index Monday 2.***** Dow Jones frWoy 2.***** Friday 2.I2B.73 ago 2.647 41 T Sunday 2.***** ogo 2.060 99 TOKYO Standard Poors Nikkei Average Monday 26.326 31113 words
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275 1988-08-02 17 Reuter ANIMAL FEEDS group J Bibby PLC has agreed to sell its US packaging division to its management for US$lO5 million, including US$42 million in repayment of intra-group debt. The packaging unit comprises Princeton Packaging Inc and its holding company, J BibbyReuter - 275 words
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Article, Illustration602 1988-08-02 17 Murdoch and Maxwell on the prowl Reuter STOCK MARKETS are afire with speculation that more takeovers and mergers of the sort that have already revolutionised modern publishing may be in prospect. As the stock of several publishers on both sides of the AtlanticReuter - 602 words
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263 1988-08-02 17 FT ITALY'S two biggest chemicals companies, state-owned Enichem and privately controlled Montedison, have signed a long-awaited plan to join forces in a new concern that will have around US$lO billion of annual turnover and should rank as the world s eighth biggest company inFT - 263 words
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Page 17 Advertisements
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Advertisement766 1988-08-02 17 NOTICES THE COMPANIES ACT, CAP. 50 MULTI-TRANS FORWARDING (S) PTE LTD (In Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company which is being voluntarily wound up are required on or before the 6th day of September. 1988 to send in their names and addresses with particulars766 words
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Advertisement428 1988-08-02 17 Republic National Bank of New York A subsidiary of REPUBLIC NEW YORK CORPORATION Consolidated Statements of Condition (In Thousands) June 30, Assets Cash and due from banks Interest bearing deposits with banks Precious metals Investment securities Trading account assets Federal funds sold and securities purchased under resale agreements Loans, net428 words
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204 1988-08-02 18 THE SINGAPORE Academy of Law proposed by the government under a bill introduced in Parliament last Friday will be run by a Senate, headed by the Chief Justice. Details of the bill released yesterday indicate that the Senate will204 words
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151 1988-08-02 18 SINGAPORE has said it is the responsibility of an importing country to take action to prevent goods from being dumped in its country, reported the June/July issue of Focus Newsletter, a publication of the General Agreement on Tariffs and Trade. At the151 words
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Article67 1988-08-02 18 BRITISH Prime Minister, Mrs Margaret Thatcher, has ended her one-day visit to Singapore. Mrs Thatcher, who was here at the invitation of Prime Minister Lee Kuan Yew, left for Australia yesterday to attend its bicentennial celebrations. She was accompanied by her husband, Denis. Mrs Thatcher was67 words
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98 1988-08-02 18 SINGAPORE has been invited to sit on an ad-hoc committee to study a proposed polysectoral assistance plan aimed at reviving the Philippine economy. An official from Singapore's Foreign Ministry was quoted by SBC as saying that the invitation was made recently98 words
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406 1988-08-02 18 LOH HUI YIN - Banker urges strengthening interdependence By LOH HUI YIN JAPAN must open its markets to manufactured goods from the six members of Asean if it is to be a truly trusted partner of the regional grouping, a Japanese banker has argued. Writing in the406 words
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347 1988-08-02 18 MORE JAPANESE yen will be heading Asean's way, predicts a senior Japanese banker. A record US$l.5 billion worth of Japanese investments flowed into Asean last year, according to Toshihiko Kinoshita, deputy director of Japan's Export-Import Bank's policy coordination and planning department. The347 words
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Article, Illustration327 1988-08-02 18 Business WHAT'S IN A NAME? A quali-ty-fashion name draws the Indonesians and Malaysians to Orchard Road stores. Value-for-money names are sought after by no-nonsense Singaporeans, and the Japanese just want names. Armani, Bulgari, Christian Dior the more expensive the label, the more they want it. The name327 words
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167 1988-08-02 18 Bernama KUCHING was yesterday proclaimed a city, the fourth after Kuala Lumpur, Penang and Ipoh, at a colourful ceremony held at the banquet hall of the State Assembly Building. The historic event was held before Sarawak's Yang di Pertua Negeri, Tun Haji Ahmad Zaidi AdruceBernama - 167 words
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334 1988-08-02 18 Agencies MALAYSIAN police have cordoned off the blood-stained wreckage of the jetty at Butterworth to prepare for an official inquiry into what made it collapse, killing 32 travellers and injuring more than 800 others. A Ministry of Foreign Affairs statement in Singapore yesterdayAgencies - 334 words
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Article93 1988-08-02 18 Reuter COMEX GOLD FUTURES hovered at unchanged levels in early dealings yesterday as traders assessed the opening trend of Chicago Board of Trade grains. Preliminary indications ware for sharply higher grain prices. The October delivery held unchanged at U*****.70 an ounce after being boxed inaide ofReuter - 93 words
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337 1988-08-02 18 AFP TAIWAN'S labour costs grew 17.3 per cent laat year, reducing the competitiveness of the island's goods abroad and forcing labour-intenaive industries to invest in developing nations, a government agency said yesterday. The Council for Economic Planning and Development said the riae inAFP - 337 words
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140 1988-08-02 18 Bernama FORMER Perwira Habib Bank (PHB) general manager. Ahmad bin Bahaman, yesterday pleaded not guilty in the Kuala Lumpur Sessions Court to criminal breach of trust of Msl.B million. Ahmad, 54, is alleged to have committed the offence jointly with theBernama - 140 words
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146 1988-08-02 18 NST MALAYSIAN POLICE yesterday withdrew charges against the former deputy finance minister, Oatuk Dr Tan Tiong Hong, who was accused of abetment in criminal breach of trust (CBT) amounting to M 51.167 million. Or Tan, a former chairman and adviser of Selangor Hawkers and PettyNST - 146 words
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157 1988-08-02 18 Reuter CHINA has cleared the way for what could be the first sale of state companies to foreigners, in a bid to revive ailing industry. The north-eastern province of Liaoning wants to sell 33 small- or mediumsized government-owned firms to foreign companies, theReuter - 157 words
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392 1988-08-02 18 UPI THE United States is to blame for many of its trade problems and other countries should not be punished collectively for unfair trade practices. California governor George Deukmejian said yesterday: "America cannot solve its trade deficit problem simply by blaming herUPI - 392 words
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LATE FILE
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Article49 1988-08-02 18 AP REPRESENTATIVES o< more than 30 nations and international organisations will attend talks on tha Cambodian conflict this weekend in Phnom Penh, tha official radio of tha Hanoi-backed Cambodian government said yasterday. It did not identify sny of the participants nor provide other details. APAP - 49 words
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39 1988-08-02 18 AFP JAPANESE Prima Ministar Noboru Takeshita yasterday rajected in Parliament tha idea of investigating a stock market scandal that has implicated individuals close to him and his predecessor, Yasuhiro Nakaaone, citing legal problems. AFPAFP - 39 words
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32 1988-08-02 18 UP! PIERCE FLOODS ripped through drought-stricken eastern Chins, killing 150 people end wsshing swsy highwsys. houses snd power lines, news reports in Beijing ssid yesterday. UP!UP! - 32 words
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Article48 1988-08-02 18 AFP SINO-SOVIET TRADE totalled US$l.3 billion in the first six months of 1968, up 32.23 per cent from last year. The Beijing Review reported yesterday that total trade for the year should come to US$2.B billion, up 30 per cent on 1987. AFPAFP - 48 words
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Page 18 Advertisements
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Advertisement30 1988-08-02 18 ■IIDdernOQDCFQDD _~1 Modular Office Furniture For all offices Prompt delivery MODERNFORM FURNITURE PTE. LTD. 1 Maritime Square #02-52, World Trode Centre, Singapore 0409 Tel: *****28 Fax: *****11 Telex: RS *****FREND30 words
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Advertisement467 1988-08-02 18 MANAGEMENT PROGRAMMES AUGUST OCTOBER 1988 No. Course Title Date 1- Business Law for Managers (Mandarin) 2. DPI Creative Rational Decision-Making Workshop 3. Identifying Training Needs 4 Strategic Purchasing, Supply Materials Management Workshop 5. Implementing a Performance Management Appraisal System 6 International Trade Finance (NYU) 7. Purchasing Supply Management Skills Workshop467 words
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SHIPPING TIMES
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446 1988-08-02 19 LINDA CHEE - By LINDA CHEE HONGKONG-BASED Fen Lines will launch a conventional express liner service connecting the Straits ports with Sri Lanka and Indian east coast ports. Starting mid-August, the dedicated service will link Singapore, Port Klang and Penang with Colombo,446 words
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274 1988-08-02 19 ORIENT Overseas Container Line (OOCL) will be upgrading its Far East container shipping services further with the introduction of weekly fixed-day sailings to Indonesia. Service improvements in OOCL's extensive feeder network are necessary as a result of the region's growing volume of trade.274 words
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331 1988-08-02 19 AFP SRI LANKA has opened a US$43 million drydock aimed at making Colombo a major ship repair centre in South Asia with relatively cheap labour and generous tax concessions, officials said. The Sri Lankan facility is about 45 per cent cheaper thanAFP - 331 words
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Article, Illustration303 1988-08-02 20 THE OAKLAND Board of Port Commissioners has approved a conservative U5576.5 million budget for the fiscal year that began on July 1. The new budget reflects an estimated US$6 million increase in revenues, but it cuts expenditures to just 46 per cent of the303 words
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250 1988-08-02 20 AP AN ITALIAN ship hfcs sailed with 167 containers of toxic waste retrieved from the Nigerian port of Koko, where it had been left secretly. The ship's destination was not announced. The cargo on the vessel, the Kari B, was labeled "Warning: Dangerous BadAP - 250 words
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Article775 1988-08-02 20 AB Shpg V 5 ABC Contoiner IX 1 Accord Shpg VI 3 Alltrans VII 3 Americon Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III i Asian Ocean VI775 words
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81 1988-08-02 20 Reuter KUWAIT told its ports to get ready for a surge in shipping if Iran and Iraq end their war, the Kuwait News Agency reported. Kuna said Minister of State for Services Issa Mohammed al-Mazidi told port officials to take adequateReuter - 81 words
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Article, Illustration347 1988-08-02 21 UP TO 30 NEW liquefied natural gas carriers may be needed over the next few years if the dozen major trade projects under consideration are confirmed, according to a leading operator, Gotaas-Larsen According to Lloyd s List, the company's latest "LNGSource: IEA - 347 words
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324 1988-08-02 21 KINGSLEY WOOD - By KINGSLEY WOOD, Writing for BT from Sydney THE AUSTRALIAN meat and Livestock Corporation (AMLC) is talking to the non-conference Japanese Kyokuyo Line about bringing its reefer ships into the growing Australia-Japan meat trade. Kyokuyo owns 40 ships and324 words
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Article246 1988-08-02 21 AFP RATES were generally weaker last week amid volatile crude prices stemming from uncertainty over the Gulf war. But trading volume was fair despite the disappointing rates, the London brokers E A Gibson said in their latest report. Fixtures concluded for Middle East Gulf loadings this week wereAFP - 246 words
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61 1988-08-02 21 Reuter TUG operations have returned to normal at Australian ports after a 48hour tug crew strike over wage and manning demands, the Australian Chamber of Shipping said. Assistant executive director Mark Bradbury said at least 52 ships had been affected and the costReuter - 61 words
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198 1988-08-02 21 Reuter IRAN MAY renew tanker charters for its crude oil shuttle in the Gulf for only one month instead of the usual six months because of prospects for an end to its war with Iraq, regional shipping sources said. They said the National Iranian Oil CoReuter - 198 words
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6081 1988-08-02 26 AARHUS Maersk Tokyo. Maersk Line. Aug 4 Liao He. China Ocean. Aug 4. Ming Universe. Yang Ming. Aug 6 Ever Grade. Evergreen. Aug 7 B Suria. ScanOulcht. Aug 8. Villa de Vega. CM D'Alrettement. Aug 9 Ever Greet. Evergreen. Aug 10 Luna6,081 words
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Article1399 1988-08-02 27 AT CONVENTIONAL WHARVES A Mulioeargo Dae Yung M M 02 *****0 *****800 0308/2300 0******0 bun Doya M 02 08/1200 *****500 vvum BtfH l Arrival Departure Subur J2 02 *****0 0308,7300 keppel wharves Afro* Queen Equotor V Jw Feng fo'o Berkoi Koto Mega* Ko'o Tim Surabaya II Sudxedo1,399 words
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Article1226 1988-08-02 28 Further US Gulf to Japan grain business was reported with a steady U5519.75 being paid basis combination discharge ports option no combination ports at $19.25. ship brokers said on Friday The Lake Biwa was also fixed for this voyage at $19 65 and $19 15 respectively, but this1,226 words
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Page 19 Advertisements
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Advertisement720 1988-08-02 19 v V*' TIMES win/ ORIENT OVEIQEAS CotUcim* LIME JARDINE SHIPPING AGENCIES (Reg No 2428(4/ 00K) 200 Cantonment Road #12 05 Southpoint. Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAL,CFS TH *****18 220 BOOKINGS Tel *****14 235 PESAKA JARDINE SHIPPING AGENCIES SDN BHD PORT KELANG TEL *****18 Telei No MA*****1HA*****720 words
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Advertisement104 1988-08-02 19 mm* THE OAKLAND Board of Port Commissioners has approved a conservative U5576.5 million budget for the fiscal year that began on July 1. The new budge* reflects an estimated US$6 million increase in revenues, but it cuts expenditures to just 46 per cent of the port's gross revenues. Page II104 words
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Advertisement597 1988-08-02 19 1 OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL. *****33 line MAERSK RAPID TRAIN IS THE FASTER TRACK THE U.S. GULF Th« m« M Tokyo CY 3/8 2300 MRS CFS 3/8 1300 H«S To Europe—UK597 words
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Page 20 Advertisements
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Advertisement681 1988-08-02 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HONGKONG EXPRESS KAMAKURA ARLBERG RHINE MARU TOKYO BAY FRANKFURT EXPRESS HAMBURG EXPRESS LA SEIN6Y P KELANG SOUTHAMPTON 5/8 HAMBURG BREMERHAVEN ROTTERDAM/I ANTWERP ALSO ACCEPTIW CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, OUBLIN, COPENHAGEN. AARHUS, GOTHENBURG. MALMO, HELSINKI. OSLO. AMSTERDAM, CARIBBEAN A S. AMERICA CONTAINER681 words
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Advertisement17 1988-08-02 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.17 words
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Advertisement448 1988-08-02 20 AMERICAN TRANSPORT LINES, INC. AmTVans- IV FEEDER VESSEL BALTII,O E A OTHER U.S. EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOU TM AMERICA CRISTOBAL, PUERTO CABELLO. SANTOS, RIO GRANDE. PARANAGUA. RK) DE JANEIRO, rn BUENOS AIRES. OTHER PORTS ON REQUEST TO CARIBBEAN- ON'REQUEST* 1 ST OIIAS LEEWARD^W ,DWA448 words
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Page 21 Advertisements
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Advertisement577 1988-08-02 21 The Straits Steamship Group Mansfield Container Shipping PteLtd STRAITS SHIPPING Singapore to Sibih, Sarawak, Brunei Ports and Bangkok P&O Containers iA'ILiII&IWA i a>-: i;ia n» rwi rtMirki um am mm am mm mm ru w tv TWT9MV HLUKUMI um mm mm mm mm um an 11* on mh m* awa577 words
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Advertisement506 1988-08-02 21 IP^© Com P uter Services (S) Pte Ltdf t/if f a a in 11 MS *>; 73, Science Park Drive, #81-15 Cintech Building Singapore Science Park, Singapore 0511 Tel: *****88 Fax: *****80 EUROPE bfc Z ■F 117 117 Jl w |<ui if ta|nn IF ci EE 117 EE 111 |MJ7506 words
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Page 22 Advertisements
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Advertisement539 1988-08-02 22 USINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES KYOWA LINE Singapore Loading for: 8/5 LAE, PUB, HRA DARA SAMUT LOAD FOR GUAM, SAIPAN OCEANIA EXPRESS V-18 YAP KOROR Tl PONAPE, MAJURO KYOWA ROSE V-27 SUN UNION LINE u Singapore Loading for Karachi POLLUX V-112 m TAIYO MARINE LINE539 words
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Advertisement921 1988-08-02 22 SGSline iima tmrrm* FULLY CONTAINERIS E D SERV K^E 10 EUROPE VIA SUEZ 1 A Mrmber ot thf Ace Consorti'im KOREAN JACEWON MR QUEEN'S WAT BRIDGE 4W SEVEN SEAS MIOGE VW KOtEAN CHANCE OT ACE CONCORO OT ORIENTAL CHIEF Q« TRANSWORLD MIDGE OT Sport LoHtvrt Fitom '/I 25/1 21/1 10/1921 words
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Advertisement189 1988-08-02 22 VA FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 9/8 23/8 MDDLE EAST SERVICE NEW SERVICE DUBAI 12/8 24/8 AUSTRALIA/ NEW ZEALAND PREMANTLE Aho accepting to Don*in AUCKLANO, WELLINGTON, LYTTLETON, DUNEWN NAPCR EUROPE i HAMBURG. ROTTERDAM, BARCELONA, FELIXSTOWE, LONOON, ANTWERP Aho occ*pttng tot Scandinavian Evroooon Inland d*Mnation.189 words
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Advertisement1047 1988-08-02 22 I i I? h ■Til ii■ 1 n i m EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVE* GENUAL/EVER GOLDEN EVE* CLOSE EVE* GENTLE EVER GENTRY EVE* GATHER EVER GOVERN EVE* GARDEN ALSO ACCEPTING CARGO TO I" NKG KSG KLG PUS UW Itu ••WW Iff Iff liff 1* Uff1,047 words
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Page 23 Advertisements
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Advertisement676 1988-08-02 23 w PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street, 03-00 Singapore 0106 Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE M 1M i«/s irm sim M/a I BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE H r M to 7m fa v% 1M 11* HOT A676 words
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Advertisement452 1988-08-02 23 irm BEN LINE 1 W CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT SPOOI P JUAK STON HAI rMA VCR ROM MWK 4n V W M w SI *5 «n an im V in «l Ifl w un un mt w M M in jm m ;n m *1 un aj 25452 words
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Advertisement358 1988-08-02 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYB P.T. 6ESURI LLOTI P.T. SAMUDESA IWONEStA P.T. TMKORA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES VSL/VOY LJ BONTANCASWB KUTAI/15 Wt OCEAN PUMA/IT SRIWIJAYA/24W8 ff.ut 1«l IV 11J I'M.. UTANCASWB 4-M IS Wt 10-12/1 PR IMA/11 WB It-11/9 A eWfla »On ANUnwHi Vv9ooB. liWe<358 words
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Advertisement289 1988-08-02 23 BOUSTEAD SHIPPING AGENCIES htonctoa mm PAGAN Via* fA-AN VUBN BURMA FIVE STAR SHIPPINB CBBPBKATION (Burmese National Line) Loading for Rangoon S'poro P.Kdanf Ponang Bang WUkm IVI7 AUG BANK LINE <a' NORTHBOUNO TO UKC SPORE ROAM MULL HMRC FORTMBANK V22N 12/S IS/9 2S/9 12/9 IVYIANK V22N 9/9 l/M ltyM 12/10 TAUSALA289 words
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Page 24 Advertisements
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Advertisement687 1988-08-02 24 K'linb KAWASAKI KISEN KAISHA. LTD. EXPORT ORIENTAL FORTUNE NEPTUNE JAOE ORIENTAL FAIR RAINBOW BRIDGE VIA FEEDER N. AMERICA-ATLANTIC COAST ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE VIA FEEOER FEEDCR VESSEL ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE N. AMERICA PACIFIC SOUTH-WEST VOY *INDO "PK/PNC SGP 10 31/7 1/1687 words
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Advertisement267 1988-08-02 24 Accepting LCL and containerised cargoea Dlract to Soutti Africa S'pore I Durban VAAL 5537F VIRGO OKBf NEDLLOYD COLOMBO SS3SC VENTO MSG OSAKA MARU S74OG JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT. SINGAPORE 0208 Tel: *****11 TELEX NO: RS 2*179 TERMINAL/CFS Tel *****18-220 BOOKINGS Tel *****34 235267 words
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Advertisement742 1988-08-02 24 AUSTRALIA EXPRESS CONTAINER SERVICE Aecepllng FCUFCL Conteinara KALIOAS VJt TU LSI OAS VJ7 KALIOAS VJ9 TU LSI OAS VJI P Hating Ponang Loading tor By Farter &> f—Om M A«« 7 Aug J Aug f r«n IMb! Sydn AM ISw 1 S*K ISM Frwn/IMb/Sfdn/AM J" So* 77 Sapt F run742 words
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Advertisement571 1988-08-02 24 GOLDEN LINE S£> GUAN GUAN SHIPPING (PTE) LTD 3, Talo* Ayar Street HUGAPOM 0104 TU SJOB6 (10 LINES) Fu S343SM STRAITS/PERSIAN GULF SERVICE: tpor. P.Mtoc (W* GOLDEN HAVEN Cotonbo/tUfKHtDute Ifl At* GOLDEN BEAR (Monito/feradH/tMw W23 Au, CHINA SERVICE DAI TUN SHAN Shwtf* A ViSSCL Huanffu/Shonftot MAS Am CHINA OCEAN SHIPPING571 words
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Advertisement411 1988-08-02 24 PHILI OniCNT LIN(S PT€ LTD HEAD OffiCt 63 ROHNSON ROAD .(T-1? AFRO ASA BUILDING SINGAPORE 0106 TELf* RS ?«7?0 PHIII fA» *****T6 VESSEL ETA SINGAPORE JEDOAH act) H.KOWt KOBE, TOKYO, KEELUNG. KAOMSIUNG, MANILA, IrtWßHOft. SUSAN. JAKARTA COLOMBO. KARACHI, BOMBAY CHITTACONG ii L&J li 1 I 11M LATTAKIA, BENGHAZI, ALGIER TRIPOLI,411 words
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Page 25 Advertisements
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Advertisement660 1988-08-02 25 NOL NEPTUNE ORIENT LINES LTD S'para NEPTUNE AGENCIES PTE. LTO. Ft OwMrai EnqulrtM: W 27# 2G2 111 T»l No Tarmmal CFS BOOKINGS; *****22 *****53 PKatan, NEPLINE SOU. BHD. 3HM7 K Lumpur NEPLINE SON. BHD. 2U483 PMinc NEPLINE SON. BHD tM&wmKimimm J.Bahru NEPLINE SON. BHD. 23M40/23M41 Ft EU/AUST TPA/SEA 27ty» 27W42660 words
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Advertisement260 1988-08-02 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, KEELUNG. BUSAN INCHON S PORE AGENTS NEPTUNE AGENCIES PTE IT3 in mu3?noin7roit: T.T'SIO ??'.?0" (Opff»I.o"s) :rs;M (T?.m,n.,i) tto?4tt> ;M7io4 (CfS) MAiAfSiA AGE NIS tunas seha son bmd HI Tei 2740W7 PK Tel 3&B<»iM toWM.X) V*f Vah PEN260 words
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Advertisement790 1988-08-02 25 r SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PCNANC f KELANC MESSRS HAI THONG SHIPPING 127 Perunj Street. Penanf. Miliyw M/S HANDLING SYSTEM CO790 words
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Page 26 Advertisements
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Advertisement185 1988-08-02 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Unesl FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAD DSR-LINES l VEB DEUTTRAC.HT sEERF FOERF MOST. VK 4 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE TO COLOMBO INDIAN SUB CONTINENT FROM EUROPE,185 words
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Advertisement98 1988-08-02 26 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE rt'TH FIXED DAY ARRIVAL i j co i*j **io u** •4/T '51 TRANSIT TIME TO TAIWAN/JAPAN MY. KABUKI Vn ETA SIN 9/S/SS SPORE KAOSHIUNG 4 DAYS KEELUNG TOKYO SHIMIZU NAQOYA KOBE 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS SHOFUKU AGENCIES (S) PTE98 words
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Page 26 Miscellaneous
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Miscellaneous161 1988-08-02 26 fk Regional Weather l m <y\\ 2 V. 4 its w J SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. August 2, 19M R Thunderstorm Tempfotur. c X\ A Weather Wm<J direction with speed m knots Woxhf^l f Cloudy Sky S«'»oc» ore mdtcoted *y o"owi «M ft? w»rt» rt»e One161 words
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Page 27 Advertisements
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Advertisement701 1988-08-02 27 UfQpICSP SHIPPING AGENCIES PTE. L BJUUi Te| *****66 (16 Llnee) Fax: *****61 Si I i S'oore to S'poro to S'poro to S'poro to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore701 words
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Advertisement480 1988-08-02 27 a. a§c ia UN I PACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 LSj IRAQI LINE ,M C S'» T f Sf «C» BMIMM TMNJPG*' MV SINDBAO EAST BOUNO SERVICE ETA S PORE LOADING F0« Japan THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTIMC CONTAINCK480 words
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Page 28 Advertisements
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Advertisement354 1988-08-02 28 Hai Sun Hup Co (Pte) 1 1 L I *****06 (20 Lines, TLX HS ***** RS if t I \S II K\ \K I\l K. III). IMLintermaritime SOUTHERN AFRICA SERVICE ■.V. PATROCIOS V7T •Ate cafe E.L t P.E. SPORE PK SM SM OBN CT 11/1 a* SINGAPORE TEL: BMW GENERAL354 words
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Advertisement368 1988-08-02 28 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) \V EXPRESS SEN»-CONTA»€F SERVICE TO WORTH BOUND TO UKC SPORE FORTH BARK V22N 3/1 IVY BANK V22N M TAUSALA SAMOA VI3N 4/10 •Atao Accopttog Fa to AatwtffrosMVFol HB6 HULL (U.K.) izao is"io 4/11 1/11 ll W XI SMN SOCIETE MAURICIENNE DE368 words
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Advertisement307 1988-08-02 28 < CFS > CRYSTAL FREIGHT SERVICES BEST RATES EVER LOS ANGELES L ETD SIN: 9/8/88 WEEKLY CONSOL SERVICES V FAR EAST BUSAN 11/8/88 HONGKONG 6/8/88 BANGKOK 7/8/88 KEE/KAOH 8/8/88 SRi LANKA COLOMBO 8/8/88 MELBOURNE/SYDNEY 8/8/88 CALL BOOKING HOTLINE FOR BEST RATES 224-7SBB (12 Lints) Telex: ***** CFSIN FAX: *****88 ULTIMATE307 words
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Advertisement693 1988-08-02 28 kmmm CALL US AT: Xvt, P KELANG !f 1 PENANG l W J. BAHRU P. GUDANG SINGAPORE :;;v;-;^ i:::;x::;::::-:|:::::-| K LUMPUR *****53/*****11 '04-*****2/4, *****3 *07-*****8 •07-*****3. *****5, *****0, *****1 <02-*****22 ***** M PAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDCR VIM rr7i B. BUTANC 471 i 'a j ;,v»t B*£MWMAVW. COTCNMAGEN.693 words
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