The Business Times, 9 August 1988

Total Pages: 24
1 24 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, AUGUST 9, 1988 75 CENTS
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  • 263 1 Reuter Dow Jones higher WALL STREET stocks turned mixed with early trading slow and directionless yesterday. The Dow 30 was up two at 2122 but a few more issues showed losses than gains. Brokers said that many players also pulled back to await further indications of whether
    Reuter  -  263 words
  • 464 1  -  By ALVIN TAY Financial Editor THE OVERSEA-CHINESE Banking Corporation yesterday surprised market analysts with a mere 2.6 per cent rise in net group profit to $66.15 million for the interim six months. The result was disappointing, especially after United
    464 words
  • 83 1 THE OVERSEA-CHINESE Banking Corporation said yesterday that it had no plans to float its property arm. In response to a BT report, OCBC told the Stock Exchange of Singapore that its board always had under review opportunities for rationalising the group's business. The floating
    83 words
  • 25 1 Mr Goh attending the Birthday Party of the Year held by the SAF Reservists' Association last night
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  • 636 1  -  By ZHOU MEI Economics Correspondent THERE IS MUCH CAUSE for cheer as Singapore celebrates its 23rd birthday today. The economy, fully recovered from the 1965 recession, expanded by slightly more than 11 per cent during the first half of this year. This. Prime Minister Lee
    636 words
  • 431 1  -  By GENEVIEVE CUA EIGHT, eight, eighty-eight did make prosperity a sweet reality for some companies which banked on the rare combination. Companies that plunged into exotic promotions experienced gains beyond their expectations. Many customers at the new Middle Road showroom of Brother Business Machines walked away
    431 words
  • 613 1  -  -by ANNA TEO TRADE AND INDUSTRY Minister Lee Hsien Loong yesterday said he did not rule out double-digit growth this year, adding that his ministry would, however, go by the revised but prudent forecast of 9 per cent. The manufacturing and services sectors
    613 words
  • 206 1 SHARE PRICES in Singapore closed firmer yesterday on late buying interest on news that the economy had expanded by 11.1 per cent during the first half of the year. The local bourse opened strongly and share prices were lifted to new highs within an hour but eased
    206 words
  • 118 1 THE US DOLLAR hit a oneyear high against the West German mark in Asia yesterday. boosted by speculative buying by traders. Dealers attributed its strength to last Friday's news of strong growth in US July employment. There were fears of Bank of Japan intervention when the
    118 words
  • Page 1 Advertisements
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    • 303 1 THE NATIONAL FLAGS flying over Singapore today are not there by decree but because Singaporeans want to show their pride In their country. The National Day celebrations have, like the nation, matured out of the days of military parades and into an annual event that draws Singaporeans together. LEADER, Page
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    • 15 1 Mor* reports on Economic Survey, PAGE 2 Full report, PAGE 10 Regional Mkts, PAGE 12
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  • ECONOMIC SUVEY 2ND QUARTER
    • 538 2  -  Manufacturing continues to set the pace Reports by ZHOU MEI, LEE HAN SHIH, CHUANG PECK MING, ANNA TEO and LEONG WEN WAH GROWTH in the first half was broad-based. Except for construction, all the other sectors expanded as robustly as in the years before the recession. Manufacturing
      538 words
    • 457 2 RETAIL TRADE STRONG CONSUMER spending arising from wage increases and bonus payments as well as job security carried the retail sector strongly through the first half of the year. The retail sector is considered an important component of the economy, accounting for about 2.4 per cent
      457 words
    • 257 2 TOURISM THE STRONG British pound and yen benefited restaurants and hotels in the first half of the year as more British and Japanese tourists flocked in for bargains offered by a relatively cheaper Singapore dollar. Three-quarters of the hotel rooms were filled, up
      257 words
    • 486 2 TRADE TOTAL TRADE could easily exceed $140 billion this year, going by the first-half figures. A repeat of the January-June 1988 total trade performance of $77.5 billion in the second half would put total imports and exports for the year at $155 billion. Last year,
      486 words
    • 29 2 THE SECOND QUARTER Economic Survey will be available from Thursday at Singapore National Printers, Times The Bookshop and MPH retail outlets for $8 each.
      29 words
    • 502 2 FINANCIAL AND BUSINESS SERVICES THE FINANCIAL and business services sector expanded by 6.9 per cent in the second quarter, representing a slower rate of growth compared with 10 per cent for the whole of last year and 10.4 per cent in the same
      502 words
    • 699 2 CONSTRUCTION CONTRACTORS in Singapore secured an average of just below $10 million worth of new jobs every day during the first half of this year. If this sounds like a lot of money, just bear in mind that there are also
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    • 416 2 INVESTMENTS THE $958 MILLION in manufacturing investment commitments Singapore received in the first half sets the Economic Development Board tEDB) comfortably on the way to meeting, and possibly surpassing, the $1.7 billion target for the year. Investments in the services sector, meanwhile, totalled $122.3
      416 words
    • 92 2 TRANSPORT AND COMMUNICATIONS BOOMING manufacturing orders and brisk entrepot trade carried the double-digit growth of the transport and communications sector in the last quarter of 1987 through into the first six months of this year. The sector registered 10.9 per cent growth, compared with 8.7
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  • BANKING AND FINANCE
    • 634 3 NYT A Backlash has developed in thelUS investment community to the-Ariellon Bank Corps decision to spin off US$l billion of its bad loans into a separate entity and recapitalise the "good" bank that remains. Since the transaction was announced on July 25, the bank's
      NYT  -  634 words
    • 111 3 DENMARK'S largest bank, Den Danske Bank A/S, anticipates "somewhat better" operating profits this year. Danske reported earlier last week a 14-per-cent rise in ordinary operating profit to 801 milliorr crowns for the first half year. The profit was before depreciation, provisions, extraordinary items and
      111 words
    • 189 3 FT STANDARD CHARTERED PLC has dropped one of its two auditors only two months after the annual meeting at which it asked shareholders to approve the appointment of both firms for another year. Deloitte Haskins Sells will no longer have any involvement with the
      FT  -  189 words
    • 271 3 THE PRIME MINISTER, Mr Lee Kuan Yew, last night complimented the chairman of Overseas Union Bank, Mr Lien Ying Chow, for pushing ahead with the construction of the 60-storey OUB Centre in spite of the recent recession and the property glut. Opening the 280-metre
      271 words
    • 635 3 Reuter THE AUSTRALIAN corporate debt market is set to blossom in the next few years ss the level of government borrowing declines, according to analysts and economists in Sydney. Over the next two years, the corporste paper sector could see as much as
      Reuter  -  635 words
    • 588 3 Reuter JAPANESE INVESTORS could take a significant amount of the US Treasury notes on offer this week. They need a place to park their funds snd they expect the dollar to hold its current level until the presidential elections in November, bond msnagers
      Reuter  -  588 words
  • Page 3 Advertisements

  • MONEY AND EXCHANGES
    • 1624 4 OCBC Reuter SINGAPORE: The US dollar closed firmer yesterday against most major currencies. Against the Singapore dollar, the US dollar closed easier at $2.0440/50 in erratic trading. It traded within a range of $2.0507 to $2.0440. It opened initially at $2.0490/00. The US unit was firmer against major
      OCBC; Reuter  -  1,624 words
    • 184 4 Indicate* tha im*g« of the prim* landing rata* of 12 major banks In S'pora Interbank market rates (offer/bid) on Aug 8 US$ DM SWFC Y«0 7 doyt 7 7/8 10 1/4 10 3-47/1 2 3/4 3/i 4 1/4 1/8 1 8 1/1* 7 13/16 10 1/2 3/8
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    • 63 4 THE OVERNIGHT rata on tha Singapore money market fell 1/8 point yeaterday to end at 4-1/2 per cent. The term rates remained unchanged across the board. S$ Interbank rates at the close yester day: om» mo night 4 1/2 4 3/8 1-ownrtt 4 5/8 4 1/2 2-momh 4
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    • 111 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER HIGH LOW 3 month* BQ*****A 03.11.88 4.11 4.06 6 months BY*****T 24.11.88 4.13 4.08 1 y«ar BY*****S 20.07.89 4.30 4.25 4.25 4.25 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BIO
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    • 355 4 Asian dollar deposit rates closed steady yesterday at firmer opening levels with trading quiet in the afternoon, dealers said. Term rates firmed between 1/16 and 3/16 point at the outset on larger-than-expected increases in US non-farm payrolls for June and July, lower US bond prices, and market
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    • 488 4 SEPTEMBER Eurodollar futures on the Simex gapped sharply lower yesterday from last Friday's close at 91.43 following the stron-ger-than-expected US nonfarm payroll of 283,000 and June revision of 532,000. After edging to the high of 91.44, the September contract eased off to the low of 91.41 in limited trading
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    • 251 4 Reuter CURRENCY FUTURES on the IMM were mostly lower in fairly quiet initial trading yesterday. Growing expectations that the Federal Reserve could snug monetary policy to thwart upward inflation pressures weighed on currency futures. Last Friday's July US jobs data reinforced ideas that the American economy was showing enough
      Reuter  -  251 words
    • 1438 4 CURRENCY FUTURES OPTIONS Monday, Aug 8, 1988 i <> DEUTSCHEMARK (MMEX) NNe* MM Lmm 8*a Sai Htgft M" Lav Saa SO 52 33 34 55 34 37 58 59 63 69A 35A 18A 63 31 14 3 CAB CAB 418 818 1448 3331 313B I0I0B 133 0< 8 45
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  • Page 4 Advertisements

  • OVERSEAS
    • 384 5 AFP PRESIDENT Corazon Aquino said in Manila yesterday that communist guerillas in the Philippines were the new Khmer Rouge, and warned that they would become more brutal and desperate before being finally crushed. Mrs Aquino, who is com-mander-in-chief of the 160,000strong armed
      AFP  -  384 words
    • 132 5 AFP FOREIGN INVESTMENT in the Philippines fell to 92.8 million pesos (US$4.4 million) in June, down from 464.9 million pesos (US$22 million) the previous month, officials said yesterday. However, this was still an improvement over the 73.4 million pesos (U553.53 million) in foreign
      AFP  -  132 words
    • 508 5 Reuter BURMESE AUTHORITIES have identified the ring-leaders of an-ti-government protests in the capital as turmoil spread from the streets of Rangoon, which is under martial law, to other parts of Burma. After "investigations and interrogation of detainees" the authorities found "a list of people
      Reuter  -  508 words
    • 389 5 Reuter HUNDREDS of youths attacked seven police posts with firebombs in the south-west city of Kwangju on Sunday, injuring 22 policemen, in a night of violent anti-American and pro-reunifica-tion protests. The state radio in Seoul said yesterday that groups of students clashed sporadically with
      Reuter  -  389 words
    • 319 5 Agencies CAMBODIA'S PRINCE Norodom Sihanouk arrived in Japan yesterday on an eight-day visit that will include "an exchange of ideas" with Prime Minister Noboru Takeshita and other government leaders on ways to end the nine-year-old Cambodian conflict. Prince Sihanouk had been scheduled to visit
      Agencies  -  319 words
    • 145 5 AFP THE FEDERAL Indian government has taken over direct control of northeastern Nagaland state where a political crisis followed recent mass floor crossings, by state legislators. Indian President Ramaswamy Venkataraman said in a proclamation on Sunday that he had assumed the rule of the tiny state
      AFP  -  145 words
    • 155 5 Reuter BANGLADESH PRESIDENT Hossain Mohammad Ershad has appointed economist Wahidul Haq Finance Minister. State television in Dhaka said yesterday that Mr Haq, 55. a former professor of economics at Toronto University in Canada, replaced Mohammad Abdul Munim, who took over the Ministry of Health and Population Control.
      Reuter  -  155 words
    • 182 5 Bernama PENANG can expect an influx of Taiwanese investments in the near future with the success of nine pioneering companies in the state now. Chief Minister Dr Lim Chong Eu said yesterday that since January last year, the state had serviced 36 enquiries from Taiwanese
      Bernama  -  182 words
    • 331 5 UPI THE NEARLY 8-year-old Persian Gulf war between Iran and Iraq is the deadliest conflict since World War 11, and the first in which chemical weapons were definitely deployed. The hostilities triggered by a territorial dispute erupted on Sep 22, 1980, when Iraqi
      UPI  -  331 words
    • 241 5 UPI KING HUSSEIN says his country no longer claims sovereignty over the Israe-li-occupied West Bank because it "belongs to the Palestinian people", and announced that Amman would immediately recognise a PLO government in exile if one were established. King Hussein, speaking at a
      UPI  -  241 words
    • 872 5 ARRIVALS Operator Sortfc* Local From numb«f MA •1421 1130 •WN GU GA1211 1135 SUB SU SO 201 1145 CGK GU GA940 1150 MES THA TG403 1155 Mac SIA SQ191 1155 PEN THA TG407 1205 •KK/HDY GU GA900 1210 PKU MAS MH641 1230 •CCH SiA SQ1 1250 SfO/HNL/HKG
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  • Page 5 Advertisements
    • 9 5 Manila catching up In tha growth raca, PAGE 7
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    • 57 5 fI |j/ JI 1/ The business person's choice, every I I II 111 I Tuesday, Thursday. Saturday and I I I II I Sunday. Leaving Changi Airport at A VyX 1 JL 22 05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel Agent
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  • Page 5 Miscellaneous
    • 175 5 m (°C) 13/09 Cloudy 26/13 Cloor 38/21 Owr 39/31 Cloar 34/26 Cloar 29/24 Cloudy 30/22 Rain 30/24 Sunny 28/15 Ctear 27/13 Cloudy 31/26 Cloudy 25/13 Showors 18/09 Fair 30/15 Cloar 26/11 Cloor 15/08 Cloudy 34/23 Clear jnav 10-01 Fair 28/21 Rain 31/21 Cloudy 21/15 Cloudy 33/21 Hazo 23/11 Cloar 27/14
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  • PERSPECTIVE
    • 575 6 A FEVER IS ravaging through Singapore today. The skyline looks as if it's caught measles; people were hotfooting it down to the Orchard MRT station last night; and you can't pass any Housing and Development Board estate without seeing the new "curtains" in virtually every window
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    • 1073 6  -  THE Western European car industry is booming. COTTEN TIMBERLAKE explains why some manutacturers find this worrisome. HARRY DEDERICHS, meanwhile, reports on how the marketing efforts of some European car makers in the US might also result in increased tourist flow to Europe. COTTEN
      AP  -  1,073 words
    • 771 6 AP BUFFETED by a cheaper dollar and Japanese competition, European car makers are hoping to hold on to their lucrative slice of the American market. Two of them are trying new incentives to keep Americans buying. Currently, the Europeans have a 5.1 per cent
      AP  -  771 words
    • 629 7  -  With a 5.7 per cent increase in GNP last year, the economic performance of the Philippines may seem to pale in comparison with those of other countries in the region. However, such growth is not to be scoffed at, reports BERNARDO VILLEGAS. BERNARDO
      IHT  -  629 words
    • 856 7 NYT COUNTRIES of the Soviet bloc are scrambling to negotiate preferential trade agreements with the European Community agreements that they hope will help lower barriers to imports of badly needed western technology and foster the creation of joint ventures between western companies
      NYT  -  856 words
    • REGIONAL V IEWPOINTS
      • 162 7 INDONESIA "GARUDA INDONESIA, in a rare showing of magnanimity by a state company, publicly apologised last week through advertisements in several Jakarta and provincial newspapers for the inconvenience it has caused passengers due to its poor services. "We have no adequate data to conclude whether the services of
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      • 146 7 THAILAND "HIS MAJESTY the King's advice to Members of Parliament was most timely and crucial particularly when the country is monitoring closely the formation of a new government, with an elected MP as its leader for the first time in 12 years. "Members
        146 words
      • 169 7 INDONESIA "WHEN A large nation such as ours, endowed with rich natural resources and spoiled for quite a period of time by a favourable world market for a number of its traditional export items, especially oil and natural gas, is forced by necessity to decide to
        169 words
      • 172 7 PHILIPPINES "THE FLOODING of the market with apples has sent their retail prices plummeting from 25 pesos to 35 pesos a piece to 5 or 7 pesos, cheering the hearts of urban consumers. But before we acclaim the trade liberalisation policy, which is behind this
        172 words
      • 146 7 MALAYSIA "THE BUTTERWORTH ferry tragedy had come as a shock to the nation. While we share the grief of the families of those victims who died and sympathise with those who have been injured and remain hospitalised, the nation as a whole could perhaps take pride
        146 words
      • 103 7 THAILAND "AS OUR NEXT leader, Gen Chatichai Choonhavan, puts his cabinet together, it would be most astute for him to remember one vital lesson from his predecessor that credibility counts. If his tenure as prime minister is to be as far reaching as that of Gen Prem, then
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      • 182 7 BURMA "BURMESE socialism has abruptly switched course with reforms to infusa capitalism into Burma's near moribund economy and a change of leadership but with no apparent insobooe to restore democracy. "Qen Sen Lwin's rise to power chilled hopes that political reform would accompany economic reform. Gen Sen
        182 words
      • 154 7 THE US "THE OMNIBUS Trade and Competitive Act of 1988 is a typically political product with politics, not economic rationale, as the overwhelming factor from the very inception of it as an idea through Wednesday's Senate approval of a revised version of the bill. "Under the
        154 words
  • Page 6 Advertisements
    • 151 6 BUSINESS TIMES MCI (P) 95/12/87 76 CENTS sr TT i You said yes to all three questions? Then you could be just tße fc, kind of person Business Times needs. We are looking for bright young graduates with an urge to write about m business. A degree in economics, accountancy
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  • Page 6 Miscellaneous
    • 659 6 CRYPTIC PUZZLE ACROSS 3 Game show (5) 8 Half dead, but making a start (5) 10 A boost for one of the lower members (3. 2) 11 Hound, perhaps, yet do a bit of good (3) 12 A saintly name and a weighty one? (5) 13 They wriggle gently (7)
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  • Page 7 Miscellaneous
    • 1274 7 RnStORT: Fazxk-Dicifine TOaaaaaQQia PM Opening Announcement and Progromme Highlights followed by Carol Burnett And Friends. Cheryl Ladd, Kenneth Man and Craig Richard Nelson appear as guests on tonight's show. in Search Of The Trojan War The Women Of Troy. Diary Of A Nation Separation From Malaysia (r). You Don't Have
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  • SPORTS & LEISURE
    • 467 8 AFP WORLD 800 m silver medallist Peter Elliott threw down the gauntlet to Britain's athletics selectors after storming to victory in the 1500 m at the Olympic trials in Birmingham last Sunday. He now hopes to be chosen to double up at 800
      AFP  -  467 words
    • 222 8 UPI KRISS AKABUSI ran the fastest 400 m of hie life in the British Olympic trials last Sunday, but rejected a berth at the distance in Seoul to concentrate on the 400 m hurdles. He clocked 44.93 over the 400 flat, to win
      UPI  -  222 words
    • 451 9  -  By CHARLES SAVAGE SINGAPORE'S match against Perak today is as much a fight for survival in the J&B Rare Cricket Carnival as a match to settle old scores. Perak beat Singapore in the last carnival in 1985 to send the Republic crashing out of the
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    • 280 9 AFP TOP-SEEDED Boris Becker of West Germany used his powerful serve to defeat fifth-seeded John McEnroe and win the U*****,000 US hardcourt championships in Indianapolis last Sunday. Becker, who won his first Grand Prix title since losing to Sweden's Stefan
      AFP  -  280 words
    • 86 9 UPI TODD BENZINGER singled home Mike Greenwell from third base with none out to highlight a three-run 10th inning last Sunday, enabling the Boston Red Sox to post a 3-0 victory in Detroit and salvage the fifth game of its series with the Detroit Tigers.
      UPI  -  86 words
    • 407 9 UPI AYRTON SENNA fought off the challenge of McLaren teammate Alain Prost to capture the Hungarian Formula One Grand Prix in Budapest by less than half a second last Sunday to join the Frenchman at the top of the world championship standings. Senna completed
      UPI  -  407 words
    • 519 9 AP NEW ZEALANDER Bob Charles bogeyed three of the last four holes last Sunday to finish a day-long duel tied with defending champion Gary Player and set up for an 18-hole play-off for the US Senior Open golf championship in Medinah. Illinois. The third-round
      AP  -  519 words
    • 264 9 AFP THE US men's Olympic gymnastics team, the 1984 champion, has given up all hopes of repeating its success in Seoul. Instead, the Americans have set their sights on the bronze. Charles Lakes, who has been on the US national team
      AFP  -  264 words
    • 149 9 AFP WORLD No. 2 Jimmy "Whirlwind" White smashed past Neal Foulds to win the Hongkong Masters Championships last Sunday. A magnificent display of potting early in the best-of-1t frame final gave White an overwhelming 5-0 lead Although Foulds tried bravely to
      AFP  -  149 words
    • 310 9 AP JANET EVANS, who has laid claim to being the best distance freestyle swimmer in the world, is bidding for more glory at the US Olympic trials which began in Austin, Texas, yesterday. The 16-year-old had the sec-ond-fastest time in the world
      AP  -  310 words
  • Page 8 Advertisements
    • 835 8 IM I sS tzir?, i I Salutes the Ladies Chinoiserie salutes the fairer sex' every Tuesday Night. Ladies it's your night out, for fun, and great times. Cover charge is exempted for all females, so guys, tonight's the night to spoil your gals. Hyatt Regencyo Singapore 10-12 SCOnS ROAD. SINGAPORE
      835 words
    • 143 8 The Matterhorn beckons! 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, Fondue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at just $31 for adults
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  • Page 9 Advertisements
    • 475 9 IK "O (§ukrtu*<&nll Scottish Saddle of Lamb at only $22.50. August I—3l Our dinner speciality for August is a highland highlight, Scottish Saddle of Lamb. A lamb with a distinct and delicate flavour, your lamb will be finely roasted and served piping hot from the wagon, with sauteed potatoes and
      475 words
  • Page 9 Miscellaneous
    • 78 9 r dokit BE VAGUE. PICK A 1 SPECIFIC SPOT WHERE YOU WANT TME BALL TO LAND. POSITIVE THINKING IS JUST AS IMPORTANT AS i JHE SHOT ITSELF/ CHOP TME CLUB A LITTLE ACROSS THE BALL. THIS HELPS TO POP THE BALL V UP y K THE BALL >< WILL POP
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  • STOCK EXCHANGE OF SINGAPORE
    • 75 10 Company RIGHTS ISSUE C K Tanfl One-for-two $2.25 per shore Eoch rights comes with two detachable TSts. The exercise price for the TSts. expiring on May 31. 1990. is $2.25. Ex-dot* Aug 3 Books dose-. Aug 16 Company OTHERS Hotel Prop Non-renounceoble offer by SIMM of $17 5m
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    • 265 10 Company RIGHTS ISSUE A M D B One-for-four $0 50 per shore C 1 Holdings 27 million loan stocks in the ratio of (3 loan stock (or every five ordinary shares held Duta Cons One-for one $1.10 per share F N Two-tor-five $3.00 per share F A C
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    • 146 10 HARRISONS Malaysian Plantations Bsrhad: 12th AQM at the Theatratte, Ground Floor. Bangunan MIDF, Jalan Tun Razak, ***** Kuala Lumpur, tomorrow at 11.30 am. QANOA HOLDINGS Bsrhad: 19th AGM at 10th floor. Wisma Central. Jalan Ampang. ***** Kuala Lumpur, on Friday. Aug 12. at 10am. CK TANG Limited: 28th
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    • 295 10 Managers' prices for Aug 10 Singapore Unit Trust Tfc* Comwrc* 106 1 13 TH* Savings Fund 094 100 S'por* Frog Fund 044 048 S'por* S*c Fund an 075* S'por* lnv«n Fund 0.74 079 S'por* Equity Fund 0.53 057 Asia Unit Trust Mat lnv*st Fund 1 46 156 Mol
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    • 717 10  -  By LONG SHIH ROME SHARE PRICES closed on a firmer note following late buying interest as news that the economy grew by an impressive 11.1 per cent during the first half of the year, filtered through the local bourse. The market had
      717 words
  • 5361 10 Gr's Gr's 1 988 Tel Last Dlv Dtv Y'ld Net Vol Day Last Quote High i Low Cod* Company Sale OT- C'ot P/E ('000) High Low Buyer Seller SECTION ONE MDU8TRIAL COMMERCIAL 141 95 t 1000 Acma 140 1 1 ON 2.4 0.7 583 242 141 139
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  • COMPANY NEWS
    • 349 11 NST COOPERS LYBRAND in Kuala Lumpur has introduced a "corporate care" service for the property industry to help banks and developers rescue abandoned construction projects. The service is being introduced following problems related to the recovery of loans extended to developers
      NST  -  349 words
    • 556 11  -  Mslo7m loan to help repay debts ahead of schedule By ELAINE KOH A Mslo7-MILLION refinancing package for Promet Bhd provided by Bank Bumiputra and Southern Bank will allow the group to repay its debts five-and-a-half years ahead of schedule. The refinancing scheme should be in place
      556 words
    • 337 11 BOUSTEAOCO Singapore Ltd has been sued by the Oversea-Chinese Banking Corporation as one of the guarantors for a $1.37-mil-lion loan to Hands D-l-Y Superstore which was recently placed under receivership. The trading group, however. said in a statement yesterday that it has not
      337 words
    • 188 11 Bernama MALAYSIAN International Shipping Corp (MISC) has obtained a Msloo million syndicated promissory notes facility from a consortium of six financial institutions. The facility will be used partly to finance MISC's proposed purchase of two new 16.000-deadweight tonne (dwt) vegetable oil tankers with the
      Bernama  -  188 words
    • 688 11 The worst seems to be over for Promet if it is cautious §SJ(DBI]L« < PROMET BHD is back in the news. Good news it would appear. Having been suspended from trading on the Kuala Lumpur Stock Exchange for the better part of 1987 and recently relisted on the Stock Exchange
      688 words
    • 511 11 NST THE BOARDROOM TUSSLE brewing at Pan Global Equities Bhd (PEB) is not expected to be settled through compromise. Indications from both sides are that they want to fight it out. Mycom Bhd, which has asked for an EGM to remove the
      NST  -  511 words
    • COMPANY BRIEFS
      • 66 11 REPLYING TO A QUERY from the Stock Exchange of Singapore, Haw Par said that at present it has no plans to take over Malayan Credit. In a separate announcement, Malayan Credit said yesterday that "up to the date and time of writing, it
        66 words
      • 52 11 IN RESPONSE to an SES query, Metro Holdings said that its subsidiary Metrobilt Re Ltd is at present having discussions with certain parties, one of which is Debenham Tewson City Valuers, about the possible development of its industrial site at Kallang Pudding Raod. However, no agreement has been
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      • 37 11 ALL TRANSFERS received by United Overseas Bank's registrars by Ipm on Aug 27 in Singapore and spm on Aug 26 in Hongkong will be registered for the bank's 8 per cent interim dividend.
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    • 455 11 MBT US-BASED financial group John Hancock which is proposing a tie-up with local stockbroker G K Goh is seeking a similar arrangement in Kuala Lumpur. It is understood that the John Hancock Mutual Life Insurance Company has proposed to take up a
      MBT  -  455 words
  • Page 11 Advertisements

  • REGIONAL MARKETS
    • 845 12 IHT HOPEWELL HOLDINGS Ltd. headed by Hongkong property tycoon Gordon Wu. is forging the links between China and the British territory that will become a "special administrative region" of China in 1997. A 256 km expressway that will connect Guangzhou with Hongkong
      IHT  -  845 words
    • 156 12 AFP CORPORATE GIANT Elders IXL Ltd will remain domiciled in Australia but its vast brewing interests may be moved offshore. Chief executive John Elliott. speaking on the weekly Business Sunday television programme, said he hoped to have a restructuring plan ready to put to shareholders
      AFP  -  156 words
    • 115 12 HONGKONG Hongkong Index Monday .***** Friday 1,***** We«k ogo 1.781 91 All Industrials Monday 2.6294 Friday 2.6201 Week ago 2.5765 NEW YORK Hang Song Index Monday 2.659 10 Friday 2.***** Week ogo 2.703 42 Dow Jones Friday 2.119.13 Thursday 2.126 60 Week ogo 2.126 73 TOKYO Nikkei Average
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    • 3414 12 THE EIGHTH of August. 1968, turned out to be an auspicious day for dabblers and investors alike on the Kuala Lumpur stock market yesterday with prices advancing further in brisk trading. Business volume rose sharply to around 50-odd million units done. Trading pace was slow
      3,414 words
    • 1403 12 Hongkong HONGKONG SHARE prices closed lower yesterday in dull trading with most blue chips little changed because investors were sidelined in the absence of new incentives. The Hang Seng Index closed 12.07 lower at 2,659.10 and the broaderbased Hong Kong Index slipped 8.83 to 1.758.56. Turnover remained
      1,403 words
    • 129 12 AUG M WON Kal ***** unch 800 200 Cheil Sugar In<3 -300 *2000 Kangwon Ind Kit Motor ***** ***** ***** Koton Ind ***** -200 Daewoo Corp Daewoo Heavy Oaiahin Securities Dong Ah Pttar Dong Suh Slock Dooabu Ste«i Gold Star ***** ***** ***** ***** ***** ***** 900 unch *500
      129 words
    • 499 12 Reuter TOKYO SHARE prices closed lower yesterday on profit-taking in dull trade with no fresh factors or surprises to attract investors. brokers said. "There is not really much happening at all," said Hamish Ross, an institutional salesman at Hoare Govett Japan Ltd. The Nikkei Index fell 109.06 points, or
      Reuter  -  499 words
    • 446 12 Reuter THE AUSTRALIAN share market moved into record territory yesterday, but prices closed off the day's highs as leading industrials faced late selling pressure. brokers said. Brokers said a fall in the Tokyo index may have prompted the afternoon sell-off. By the close, the All Ordinaries was 2.9 points
      Reuter  -  446 words
    • 172 12 Reuter THE SECURITIES Exchange of Thailand Index rose 0.75 points to 471.45 yesterday on a turnover of 6,783,173 shares worth 372.75 million baht. AUG M BAMT Ao Kham Thai 482 unch Ayudhya invastmaf it 4oe 2 Bangkok Agro-tnd 129 1 Bangkok Bank ...325 2 Bank Of Ayudhya 370 -10
      Reuter  -  172 words
    • 268 12 AUG M MT t Kolin Kuoctian Oav 58 00 4 All Sincara Indus 595 unch Laa Chang Yuan Asia Camant 101 SO 5 Lian Hwa Indus 88 00 +1 5 Cathay Con« 130 00 7 Nan Ya Pias Chang Hwa Bank 838 00 47 Pacific Cons 77 50 4
      268 words
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  • INTERNATIONAL COMPANY NEWS
    • 249 13 Reuter RUPERT MURDOCHS News Corp has agreed to buy Triangle Publications Inc for US$3 billion from Walter Annenberg. The sale of the company, which publishes TV Guide, The Daily Racing Form and Seventeen magazine in the US, is subject to definitive contract. The Veronis
      Reuter  -  249 words
    • 162 13 Reuter AN EGYPTIAN businessman, whose 1985 takeover of Britain's House of Fraser stores group was the subject of a British government inquiry, has said that the deal was financed with his family's own money. "I am a very wealthy man. Of
      Reuter  -  162 words
    • 293 13 Reuter NIXDORF COMPUTER AG is planning to double turnover to 10 billion marks in the next five years by raising US and Far East sales. Management board chairman Klaus Luft told the newspaper Die Welt it will also cut
      Reuter  -  293 words
    • 866 13 FT MICHAEL GUTHRIE, the bow-tie wearing chairman of Mecca Leisure, is used to taking a gamble with the stock market. His company was the first to hold a rights issue in the aftermath of the October crash; now it has chosen to enliven
      FT  -  866 words
  • COMMODITIES
    • 272 13 Bernama THE INDONESIAN Commodity Exchange (ICE) is to be linked to the Singapore rubber exchange as soon as the ICE adopts futures trading, according to an ICE official. 7 Currently, the exchanges could not be linked because they employed different systems of
      Bernama  -  272 words
    • 51 13 MJnos (Aug) 14.70 unch Dubai (Aug) 13.16 0.31 W««t Texas WT1 (Aug)* 15.27 0.17 N«w York dot* previous day. Gosoil 16.95 0.05 Low Sulphur Waxy Ratidu», ISWR 12.95 0.05 Naphtha 13.90 -0.20 USJ/tom* Otong* Fu*l oil 70.00 1.00 AH prtcm 1900 S'por* thru «xc*pt WT1. Source: Petroleum
      51 words
    • 195 13 Chinese Produce Exchange Mlm' noon closing pricn on Aug 8 (SS/100 kg) Coconut oil Bufli FOB 126.00 Otd drum FOB 140.00 New drum FOB 136.00 Copra Mixed (loose) 72 filers Popper Muntofc white FOB NIW 860.00 Sarawak white FOB faq NLW 845.00 Sarawak special biadt FOB NLW 460.00
      195 words
    • 203 13 HONGKONG: The report was not available yesterday. TOKYO: Futures closed mostly firmer yesterday in light trading. Prices were unchanged to 10 yen a gram firmer, except for April and June, which fell two and one yen respectively. Gold closed at U*****.85/432.25 an oz against New York's last Friday
      203 words
    • 302 13 SINGAPORE Prices closed slightly higher yesterday with September RSS One buyer quoted at 256.00 cents a kg, up one cent from last Friday s close. After a slightly lower opening, prices fluctuated narrowly ahead of the National Day as most operators kept to the sidelines. Prices recovered their early
      302 words
    • 350 13 Reuter MALAYSIAN CRUDE PALM OIL futures closed off the day s highs on renewed selling and some profit-tak-ing yesterday as operators awaited the Malaysian Oil Palm Growers Council's release of July CPO production data, dealers said. Prices rose initially on speculative buying following a firmer Chicago soyoil futures
      Reuter  -  350 words
    • 192 13 THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) maintained Its 30-month high yesterday after gaining three cents to M 119.24 per kg, dealers said. Trading was moderate with turnover increasing to 94 tonnes from 87 tonnes last Friday following some week-end accumulation. The market resumed
      192 words
    • 277 13 RAS prices In S cmMg, FOB In balM NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 254.00 255.00N 256.00 257.00N Int 1 RSS Sep 88 254.00 255.00N 256.00 257.00N Int 1 RSS Oct 255.50 256.50N 257.50 259.50N Int 2 RSS OP 251.50 253.50N 253.50 255.5ON
      277 words
    • 445 13 Bernama MALAYSIA PLANS to diversify futures trading in the country to include refined palm oil, pepper, timber and possibly financial instruments, Primary Industries Minister Datuk Dr Lim Keng Yaik said in Kuala Lumpur yesterday. "The government will continue to provide whatever assistance is necessary
      Bernama  -  445 words
    • 77 13 (cants/kg) SEPTEMBER 1988 OCTOBER 1988 (current month) (forward month) RAS NOON NOON luy*r» S*N*n •uy»r» s»n»n SSR 20 221.00 223.00N 221.00 223.00N SSR 50 220.00 222.00N 220.00 222.00N MRELB luy*ri S»ll»ri 5lBx SMR cv 446.50 448.50N 448.50 450.50N SMR L 446.50 448.50N 448.50 450.50N SMR S 306.00
      77 words

  • 422 14  -  Scenarios of collusion and clash By CHUANG PECK MING COLLUSION and a clash between the president and the government were scenarios painted by concerned grassroot leaders at a dialogue session yesterday on the proposed elected presidential system. As both the president and government depend on
    422 words
  • 422 14  -  By TONG SUIT CHEE THE GOVERNMENT is studying a proposal to accredit housing developers in a bid to protect home-buyers from subsequent building problems. The Minister for National Development, Mr S Dhanabalan, said the Real Estate Developers' Association of Singapore (Redas) had made this and other
    422 words
  • 149 14 AFP THOUSANDS of youths, spearheaded by young boys, staged protest marches in the streets of downtown Rangoon yesterday, eyewitnesses said. The marches followed a weekend of protests in Burma that left seven people dead, according to press reports. Tens of thousands of people were
    AFP  -  149 words
  • 102 14 AP CHINA, Poland and Yugoslavia will become the first communist nations to participate in a major trade fair in Seoul in October, South Korean officials said yesterday. Officials at the state-run Korea Trade Promotion Corp organiser of SITRA 88, scheduled for Oct
    AP  -  102 words
  • 145 14 THE STANDING Orders Committee has recommended that Members of Parliament (MPs) not holding office as Ministers or Parliamentary Secretaries be referred to by their names. This was to distinguish an MP of a group representation constituency (GRC) from the two other MPs in the constituency.
    145 words
  • 140 14 AFP THE SOVIET UNION began its first withdrawal of troops from the Afghan capital of Kabul early yesterday when a combat unit of 100 vehicles and 500 men pulled out of the war-torn city, according to a Soviet army officer. The withdrawal of the unit
    AFP  -  140 words
  • 204 14 AP INDONESIAN Defence Minister L B Murdani says internal threats rather than external ones are likely to pose greater problems for Indonesia in the coming decade. Speaking before military and civilian officers at the National Defence Institute in Jakarta last Saturday, General Murdani said Indonesia had
    AP  -  204 words
  • 377 14 Reuter AFP IRAN'S top leadership yesterday said for the first time in public it could see a possible end to the eight-year-old war with Iraq although it still doubted Baghdad's intentions. President Ali Khamenei told an international meeting in Teheran: "The war that
    Reuter; AFP  -  377 words
  • 336 14 Reuter CHUN KYUNG-HWAN admitted in the Seoul court yesterday that he accepted thousands of dollars from businessmen during his brother Chun Doo Hwan's sev-en-year term as president of South Korea but denied peddling influence. Chun. 45, is charged with embezzling more than US$lO
    Reuter  -  336 words
  • 425 14 Bernama FORMER Malaysian Lord President Tun Mohamed Salleh Abas is guilty not only of misbehaviour but also of misconduct which renders him unfit to properly discharge the functions of his office. The six-member tribunal which heard charges against him held that Tun Salleh
    Bernama  -  425 words
  • 404 14 UPI THE MALAYSIAN Supreme Court yesterday reserved until today its decision on an appeal by 11 opponents of Prime Minister Datuk Seri Or Mahathir Mohamad who are seeking to revive the former dominant political party, Umno. The outcome of the appeal
    UPI  -  404 words
  • 170 14 AFP TAIWAN is considering the allocation of US$25O million from its Overseas Economic Development Fund to enable two firms to take part in a Malaysian highway project, the Commercial Times reported in Taipei yesterday. The newspaper said the two government-owned firms RetSer Engineering
    AFP  -  170 words
  • 61 14 Bernama ASEAN commemorated its 21st anniversary yesterday with a flag-raising ceremony at the Asean Secretariat in Jakarta yesterday. Secretary-General Roderick Yong of Brunei said in his Asean Day message that the regional grouping was formed "with the desire to promote regional cooperation in South-east Asia
    Bernama  -  61 words
  • 107 14 Reuter SOUTH KOREAN youths, hurling firebombs, battled riot police yesterday on the second day of violent protests against a government ban on a meeting between North and South Korean students. Pro-reunification and anti-American demonstrations erupted in at least five cities, police said. At Korea
    Reuter  -  107 words
  • LATE FILE
    • 55 14 Reuter OIL PRICES rose yesterday on hopes that a ceasefire between Opec founder members Iran and Iraq may reunite the cartel in its efforts to curb excess production. Traders in London said Brent crude firmed by as much as 35 US cents a barrel
      Reuter  -  55 words
    • 53 14 AFP AN EXPLOSION rocked the motorcade of US Secretary of State George Shultz yesterday on his arrival in Bolivia, where he is expected to focus on the fight against drug trafficking. The explosion blew out the windows of two cars accompanying Mr Shultz. but there were
      AFP  -  53 words
    • 48 14 AP POLICE in New Delhi yesterday arrested more than 150 Sri Lankan rebels based in southern India. United News of India aaid at least 67 people were arrested in the city of Madras and 87 others from other parts of Tamil Nadu state. AP
      AP  -  48 words
    • 46 14 UPI SUDAN'S capital, Khartoum, and three other towns have been declared disaster areas and an international appeal for relief issued after torrential rains left about one million homeless and a large number of dead, the Middle East News Agency said yesterday. UPI
      UPI  -  46 words
    • 33 14 Reuter FIERCE forest fires have consumed thousands of acres in Sibera and are still raging. Soviet news agency Tass yesterday indicated that the fires have destroyed 130,000 hectares. Reuter
      Reuter  -  33 words
  • 112 14 Reuter COMEX GOLD futures had minor gains in lacklustre early dealings yesterday. October gold rose US$O 60 at U*****.60 an oz. Analysts said the precious metal rose on light managed account buying as the US dollar eased on profit-taking and fears of further central bank dollar
    Reuter  -  112 words
  • 105 14 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday expressed the hope that the formation of a working group during the Jakarta Informal Meeting among the four warring factions in Cambodia would hasten a political solution to the Cambodian problem. A
    Bernama  -  105 words
  • 218 14 JOINING THE LEGION of firms anxious to benefit from the auspicious date of 8-8-88, Fujitsu (Singapore) Pte Ltd yesterday opened its $5 million Yishun factory. The Singapore government's open economic policy, the high value of the yen, and the strategic location of Singapore were
    218 words
  • Page 14 Advertisements

  • SHIPPING TIMES
    • 138 15 CHINA MERCHANT Steam Navigation of Hongkong is committing about HK$4O million for 20 barges to meet increasing business needs. The South China Morning Post said negotiations to buy the first 10 barges at HK$2 million each had been concluded. The vessels will each have
      138 words
    • 353 15 Report says massive port investment is needed Seatrade Week CONTAINER trade volumes are set to increase to between 90.7 million TEU and 103.3 million TEU by 1995, according to a study by UK-based Ocean Shipping Consultants. The report. Container
      Seatrade Week  -  353 words
    • 154 15 Reuter THE SAUDI NATIONAL Shipping Co said Gulf states should favour their own shipping companies over foreign rivals in the petrochemical market. "Gulf investors should be encouraged to enter the field of shipping to match the large investment in the region's petrochemical
      Reuter  -  154 words
    • 216 15 AFP CHINA plans to open a port on its east coast as a special processing zone to attract trade from South Korea, the pro-Bei-jing newspaper Wen Wei Po said. The newspaper quoted a Chinese official in Weihai, Shandong province as saying
      AFP  -  216 words
    • PORTSIDES
      • 95 15 Reuter SALVAGE workers were pumping the last highly toxic chemicals from the sunken Dutch tanker Anna Broere, the Dutch Coast Guard said. The workers earlier raised the front part of the tanker on a giant floating pontoon, effectively ending one of the Netherlands longest salvage
        Reuter  -  95 words
      • 88 15 Reuter SEIYU Ltd, Japan's third largest supermarket operator. will import a sample of fat-marbled beef this November from Centennial Packers Ltd of Canada, a spokesman said. He said Angus beef cattle had been specially reared in Alberta to yield meat marbled with fat to
        Reuter  -  88 words
    • 336 16 PROSPECTS for an end to the Persian Gulf war have cut ship demolition sales to one of the lowest levels on record. Lloyd s List reports that owners who had earmarked old dry bulk carriers for scrap are now banking on a
      336 words
    • 224 16 AMERICAN President Lines has taken delivery of the second and third of its five new ClO- container ships. The two ships, President Kennedy and President Polk, were built in West German shipyards and feature an efficient new widebody design. Both vessels are en
      224 words
    • 109 16 Reuter AT LEAST 46 people were feared dead after a ferry carrying 102 people sank in the Java Sea last week, an official from the National Search and Rescue Agency said. The KM Masa Jaya ferry, was transporting workers from a small island near
      Reuter  -  109 words
    • 798 16 AB Shpg V 5 ABC Contoiner IX 1 ABSS Shpg X 3 Accord Shpg VI 3 Alltrans VII 3 American Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      798 words
    • 171 16  -  By KINGSLEY WOOD Writing for BT from Sydney 9 NEW ZEALAND'S busiest e>fc_ port port, Tauranga on the easU* coast of North Island, wijfc" change hands on Oct 1 fo* NZ$4O million. The Port of Tauranga hae come to an agreement with the Bay
      171 words
    • 1312 17  -  Special containers magnify the problems of logistics and equipment repositioning that every successful box operation has to solve. But not only are the solutions getting smarter, some of the trades are improving too. This article from LLOYD'S MARITIME ASIA traces this special growth. LLOYD'S
      1,312 words
    • 344 17 AFP THE TANKER market reacted uncertainly to the weakening in crude oil prices after what was seen as the inconclusive outcome of the Opec price committee meeting in Lausanne, Switzerland on Wednesday. The attack on a Norwegian VLCC in the Gulf demonstrated the fragility of current attempts to
      AFP  -  344 words
    • 267 17 WEST GERMANY is to build an earth station to operate with the Inmarsat mobile satellite communications system. The station will probably be located at Raisting, near Munich, and will operate to the Inmarsat Atlantic Ocean region satellite. The new station
      267 words
    • 8504 22 AARMUS B Suria ScanOulcht Aug 9 Villa da Jupitar CM D Alrallamani Aug 10 Evar flraat Evargraan Aug 10 Luna Maarak Maarak Lina Aug 11 Rhino Maru Triot Aug 12JP*). Sha Ha China Ocaan Aug 13 Ming Prominanca Yang Ming Aug
      8,504 words
    • 1073 22 THE freight market on Friday generally finished the week very quietly. with fresh grain fixing slow to emerge out of the US, shipbrokers said The only grain business reported from the US Gulf involved a cargo bound for South Korea, for which U5519.25 was agreed Grain was reported
      1,073 words
  • Page 15 Advertisements
    • 707 15 WW Orient Oviiqias CotdaUm Line cWRTH AMERICA ATLANTIC EXPRESS (ROUND THE WORIL 1 ROUTING' NORTH AMERICA CALIFORNIA. PNV* NEST CANADA JARDINE SHIPPING AGENCIES (Ret No 2421 M OOK) 200 Cantonment Road #12 05 Southpo<nt. Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAL CfS Tel *****18 220 BOOKINGS Tel *****34
      707 words
    • 71 15 mm PROSPECTS for on end to the Persian Gulf war have cut ship demolition sales to one of the lowest levels on record. Page II THE SHIPPING industry's move into broad economies of scale and bigger ships has also boosted one of the most difficult "niche markets" in the business:
      71 words
    • 717 15 BALT-ORIENT LINE Baltic Shipping Co Refular Services from South East Asia to IMted Kinfdom and North Continental Ports Agent: Singapore Soviet Shipping Co Pte Ltd Td; *****33 ★I MAERSK LINE MAERSK RAPID TRAIN IS THE FASTER TRACK TO U.S. GULF To Europe—UK Scandinavia Finland Th« Anna M Closing Time CY
      717 words

  • Page 16 Advertisements
    • 581 16 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP RHINE MARU TOKYO BAY FRANKFURT EXPRESS HAMBURG EXPRESS LA SEINE LONDON EXPRESS BENALDER BENAVON ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN. COPENHAGEN AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM, CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT
      581 words
    • 19 16 Lines and services represented by Members of the Registry of Accredited 1W Shipping Agents. Singapore National \&£iffe Shipping Association.
      19 words
    • 539 16 AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO AmTrintEE23 czmzmn: UI'M.'M'B yy »r FEEDER VESSEL ACCEPTING CARGO TO ATLANTA, SAVANNAH, BALTIMORE. MIAMI TAMPA OTHER U S EAST COAST PORTS ON BrniirtT ALSO ACCEPT.* CARGO TO CENTRAL/SOUTH AMERICA:- CmSTOAL WOTOI CABjELLO, MJTOS GRANDE. PARANACUA. RIO OE JANEIRO. TD CAR
      539 words

  • Page 17 Advertisements
    • 1337 17 Zm The Straits Steamship Group mr, F STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok P&O Containers COMTANCRSHIP SERVICE TO UK/CONTINENT:^ IWMC HADU TOKYO MT FRANKFURT EXPRESS NMHURG EXPRESS LA SCINi 10*00* EXPRESS KMALOO KNAVON Also Accepting Cargo For: Nwtows to CiM»»R«n, terftw. Mhwterf. Ifaimo Stockholm Holtinti. to
      1,337 words
    • 468 17 EUROPE acceptim ago to f>ow mm. wt imti w ports m request USA/PANAMA 23.09 27.09 2IJI 11.11 •7.10 11.11 11.11 IS.II 21.11 25.11 27.11 21.11 •4.11 Mil 11.11 12.11 KV »13 NEW YMK SEN Ef 119 I'J llj I WA 114 05.17 WA 115 |11.17 N 111 WA 117 WITCH
      468 words

  • Page 18 Advertisements
    • 502 18 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES Loading for:BANDAR ABBAS KYOWA LINE RN6/S. PA Singapore Loading for: DARA SAMUT 8/9 LAE, PMB, I '.iJ(H i nil OCEANIA EXPRESS V-19 25/8 OCEANIA EXPRESS V-20 11/9 YOKO ASIAN LILY V-43 2/9 GUAM, SAIPAN GUAM, SAIPAN LOAD FOR YAP KOROR,
      502 words
    • 1058 18 AL/NE l»»tt SMWt ri»a FULLY CONTAINERI SE D SERV I C E TO EUROPE VIA SUEZ 3 Member ol the Act Consortium QUEEN S WAY BRIDGE «W SEVEN SEAS BRIDCE (7W KOREAN CHANCE 3M ACE CONCORD lfW ORIENTAL CHIEF 61W TRANSWORLD BRIDCE 44W NEPTUNE DIAMOND 77W EROM EUROPE VIA Member
      1,058 words
    • 896 18 a TIMES, Tuesday, August 9, 198f Container Service lound-The-World Bound y.£/CARIB/USEC/EURO/FE) fvfr MMT. t C KSC KLG PUS OSK TYO CHS everlntry \\l 22 I*l* tut nit m n .i ml £t*r n «5 J2* MSumcS 4 ,S? 1M *> $VW«S C*"*" llfl 15/9 1M 11/9 an 23/1 2*flN Jjfio
      896 words

  • Page 19 Advertisements
    • 654 19 PACIFIC ImERNATIOriAL LINES PIL Building, i4O Cecil Street J3-00 Singapore 01 Tel: *****3 > FAR EAST COrTMNER SERVICE i SSEL A DRAGON A HAWK ITA EAGLE k DRAGON k HAWK VESSEL KOTA MEL ATI SEA FORTUNE KOTA EAGLE KOTA MELATI KOTA MELATI SBY SMG 14/8 ic/a 17/8 19/8 22/8 25/8
      654 words
    • 231 19 .ewa CHINA OCEAN SHIPPING COMPANY cas co Pklf Sport Bonfkok Hongkong Koto Shtnfhai SMANGCHENC VH 1» 1M Bit M Ml/I ukc rvu. cowtAwn «vki Pklong Ptnanf Sport R dam H burj Til A'worp DKK LIAO HI 44W 30/7 31,-7 4/1 21/1 2M JO/I lfl 3fl SHAHE4M 2/1 3/1 13/1 4/»
      231 words
    • 480 19 m BENLINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT 311 lit V* Jit M lia 1M lift 1M 2M WWW tit M Ufl 11/1 U/1 1M IM 1M 21/9 ua 2*n M at Nl M M Mfl an Jtlt 2M »1 3M 2/M «/M 4/10 fclO Mi HO IMi 10.10 12,10
      480 words
    • 506 19 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SMIUDER* INDONESIA P.T. TRIKORA LLOYI SEMI CONTAINERSHIP SERVICES SINGAPORE TO EOROPE VSL/VOY SRIWIJAYA/24W8 OCEAN PRIMA 11WB KUTAI/15WB S PORE ANTWERP H BURG, RDAM ADAM BREMEN 5- 9/9 14/10 18/10 16-18/9 19/10 22/10 27-29/9 24/10 28 10 Subject
      506 words
    • 370 19 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING corporation (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 11/13 Aug 1618 AUG m\ Aug HTONEYWA V237W PAGAN VI3IM PA AN VI2BW BANK LINE SFRVirr HLAVY LIFT CAPAftn ITv NORTHBOUND TO UKC FORTHBANK V22N IVYBANK V22N TAUSALA SAMOA VI3N SPORE RDAM
      370 words

  • Page 20 Advertisements
    • 649 20 KAWASAKI KISEN KAISHA, LTD. K'link N. AMERICA-ATLANTIC COAST NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET FEEDER VESSEL NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET N. AMERICA PACIFIC SOUTH-WEST MOTHER VESSEL HENRY HUDSON BRIDGE MACKINAC BRIDGE BROOKLYN BRIDGE GEORGE W. BRIDGE N. AMERICA PACIFIC NORTH-WEST QUEEN S WAY BRIDGE
      649 words
    • 322 20 lj Accepting LCL and containerised cargoes Direct to South Africa VAAL 5937F VIRGO 0602F NEDLLOYD COLOMBO V 6036F OSAKA MARU S74OG 2S/S Kit M 12/9 14/9 lt/1 ebebi JARDINE SHIPPING AGENCIES (REG. 242*64/ OOK) 200 CANTONMENT ROAD #12 05 SOUTHPOINT, SINGAPORE 0208 Tel: *****11 TELEX NO RS ***** TERMINAL/CFS Tel
      322 words
    • 753 20 '/U AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers KALIDAS V 38 TULSIDAS 37 KALIDAS V 39 TULSIDAS V 38 P Kelang Penang Load.ng lor B» feeder By Feeder 8 Aug 8 Aug fremMelb Syfln Adet 1 Sept 1 Sept F-em Mett) Sjdn Adel V Sept 2? Sept Frem Met) Sy4n
      753 words
    • 686 20 G G. GOLDENUNE GUAN GUAN SHIPPIffS (PTE) LTD a, T#lo« Ay«r StrMt SINGAPORE. Pl« TEL 5343W (10 Fli UUSO4 STRAITS/PERSIAN GULF SERVICE: Spore Plfttoog Peoang OOIOCN HAVEN Colombo Ka<achi Dubai In Port Vl GOLDEN BEAR Colombo Karachi Dubai 20/73 Aug CHINA SERVICE BAI YUN SHAN Shanghai HsinKang 717) Aug A
      686 words
    • 563 20 PHILI OniCNT LIN€S PTC LTD HCAO OFFICE 63 ROBINSON ROAD .07 12 AFRO ASIA BUILDING SINGAPORE CC6 TELEX RS ***** PHILI FAX *****^6 f EAST/FAR EAST Fd ft LCI SBmCE ETA SINGAPORE DESTINATION rrwTrr—rrwiTTi ixnz JEDDAH (LCI) H KONG, KOBE. TOKYO. KEEiUNG. KAOHSIUNG MANILA. BANGKOK. BUSAN. JAKARTA l»i. '■■.niuiiviH NEW
      563 words

  • Page 21 Advertisements
    • 883 21 PTE. LTD. FE EU/AUST T PA/SEA Q*n«rak tfhqulrlas: T«l: *****77 Terminal Cf S BOOKINGS 77*5753 77*5742 man tous3 27*111 27* m \\NEPTUNE ORIENT LINES tip FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a TO EUROPE/UK (VIA SUEZ): I s NEPIINE SON. BHD W NEPLINE SON. BHD. 2U4833 NEPLINE SDN. BHD. Uaß«C7tßMU7ftl*2ft<2 NEPLINE
      883 words
    • 498 21 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG, PENANG. KEELUNG. BUSAN, INCHON WEF JUNE 1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE II SERVICE!! Vessel Nam* ETC IS S PORE PKELANC KEE BUSAN MO JI Gtaria/SO7N 04/01 15-17« IMM* 27-270S 01-fll/W OVO9 No Dooam/n7N 11/01 22-24/DS 2S-2M»
      498 words
    • 864 21 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 THONG SHIPPING 127 Penjnj Street. Penanj. Malaysia M/S HANDLING SYSTEM CO SON
      864 words

  • Page 22 Advertisements
    • 235 22 H t VEB DEUTFRACHT SEEREEDEREI ROSTOCK 4 ;1 ———d NTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -Vl* lARNACA ACCEPTING CARGO F(» UMASSOC BEIRUT, lATTAWA, ALEXANDRIA. PORT SAID, PIRAEUS, THESSALONIKI. IZMIR. MERSIN. ISTANBUL '*0 COLOMBO INDIAN SUB-CONTINENT TO FAR-EAST FROM EUROPE, EAST MEDITERRANEAN, MIDDLE-EAST INDIAN
      235 words
    • 94 22 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL SHOFUKU OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. KABUKI VII ETA SIN 11/S/SS I KAOSHIUNG 4 DA YS h KEELUNG 5 DAYS S PORE I— I TOKYO 8 DAYS SHIMI2U 9 DAYS NAGOYA 10 DAYS KOBE 11 DAYS SHOFUKU AGENCIES
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  • Page 22 Miscellaneous
    • 148 22 Regional Weather 1 Vi f. 'I V* 3 a Sc is •c cfWind direction with speed m knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. August 9, 1968 LEGEND R Thunderstorm X\ y Shower Weather Wind direction with speed *1 knots Ran Cloudy Sk y Wov Surtoce winds ore
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  • Page 23 Advertisements
    • 499 23 FARGO SHIPPING COMPANY (PTE) LTD. No 15 Hoe Chiang Road £13-02 Sanford Building, Singapore 0208 Tel *****22 Tlx ***** FASCO /A ABC CONTAINERLINE N V. WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: TNT EXPRESS 207 ETA 26/8/88 Only 7 days to Fremantle! Only 12 days to
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    • 361 23 hcsp u CS» SHIPPING AGENCIES PTE. LTD. Te' *****66 (16 Lines) Fax: *****61 IXED CONSOLIDATION TO:S pore to USA (ALL PORTS) (LCL) ETD S'pore to Auckland (LCL) ETD S'pore to Antwerp (LCL) ETD S'pore to Copenhagen (LCL) ETD S'pore to Fremantle (LCL) ETD S'pore to Inchon/Busan (LCL) ETD S'pore to
      361 words
    • 518 23 \i\r AT CONVENTIONAL WHARVES Departure KEPPEL WHARVES Ah Dedication Fengtoo Jenson Jenson 2 Onword Soldiers Tourlour Gold#" Hoven Kola Peking' loapung Straits Hop* Trans Hov Trow Sun PASIR PANJANG Adko Torunogo Moi Arwodo Sotya Gerbera Horizon Star Ins Nho long Song Tien 2 T'op-ca lose Bintong Sara Noga Joya Nho
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    • 195 23 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 Iraqi Tine 'MO S T in, atßiTiHi TRANJW EAST BOUND SERVICE S PORE LOAOING FOR MV SINDBAD 20/8 j apin 4 WEST BOUND SERVICE ETA S PORE LOAOING FOR MV AIWASITTI 14/1 j«ddah, Aorta. Baghdad THROUGH Mj
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  • Page 24 Advertisements
    • 345 24 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** I \SI I K\ \K I IM K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Yokohama Nagoya •Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN ft CHINESE PORTS.
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    • 528 24 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO ANO FRENCH WEST INDIES vsi B SURIA VK2 SELANDIA V 272 TOYAMA V2C NUERNBERG EXP STUTTGART EXP DUSSELDOftr EXP Alto serving Miami. Mobile. New Orleans. Houston/Menco Vera Cruz Mexico City EUROCEANIA SERVICE For: Halifax, Montreal. Toronto, New York, Baltimore.
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    • 287 24 I ULTIMA Tf r ULTIMATE FREIGHT SERVICES PTE LTD Tel: *****11 Tlx: ***** Fai: *****92 Tatsumi Marine DIRECT SAJLMG TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct call to other ports subtect to inducement (also accepting transhipment cargo: OROBA Y MADANG. KIEJA, WEWAK KIMBE RABUAL via LAE) S'PORE: NEPTUNE AGENCIES PTE.
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    • 721 24 BSM TO EUROPE FEEDER ia CALL US AT: P. KELANG PENANG J. BAHRU i V P. GUDANG 5 SINGAPORE 1 i n K. LUMPUR *****53/*****11 W-*****2/4, *****3 07-*****8 07-*****3. *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE NCAPORE I LENARVE LiilUli-LVIM!?.'" ?r.MB-'MW.'I T 7 a BUTANC 471 7771
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