The Business Times, 11 August 1988

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, AUGUST 11, 1988 75 CENTS
    11 words
  • 267 1 AFP Dow Jones lower THE DOWNWARD trend on Wall Street continued yesterday morning in the wake of Tuesday's announcement of a half-point rise in the Fed's discount rate. The Dow Jones Industrial Average was down 20.28 points to 2,058.85 in the first 1% hours of trading. Nearly
    AFP  -  267 words
  • 474 1  -  Plunge sparked off by US discount rate rise By RAMESH CHANDIRAMANI A SURPRISE half-point hike in the US discount rate on Tuesday choked the bullish sentiment on regional stock markets yesterday. Asian investors nervous because the worldwide trend towards higher interest rates shows no signs of abating
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  • 191 1 THE UNEXPECTED RISE in the US discount rate sent the American dollar rising on Asia's foreign exchanges yesterday, following an upward trend in New York on Tuesday. Many Asian dealers said the discount rate cut caught them offguard. They had expected
    191 words
  • 63 1 Agencies JOHOR BARU Umno division information chief Haji Mas'ud Haji Abdul Rahman was yesterday named the National Front candidate for the Johor Baru parliamentary by-election on Aug 25. Johor Menteri Besar Haji Mu- hyiddin Yassin, who announced this yesterday, said Prime Minister and NF chairman
    Agencies  -  63 words
  • 417 1  -  By ROSIE TAN EXPANSION-MINDED Isetan (Singapore) Ltd is tapping the market for $51 million to finance two new specialty stores as well as to repay some bank loans. The Japanese department store yesterday announced its first rights issue
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  • 413 1 PM TO HELP PARTY WIN NEXT ELECTION MR LEE KUAN YEW yesterday gave yet another indication that he is ready to step down as Prime Minister, saying a team of second generation leaders has evolved sooner than he expected. But when he will step down
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  • 174 1 BACKBENCHERS WILL air their views on the government proposal for a popularly elected president when Parliament sits today and tomorrow. At least 21 backbenchers have indicated to the Government Whip that they will speak on the proposal during the twoday debate, which will be kicked
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  • 452 1  -  By TONG SUIT CHEE aENCOURAGED by rising property prices, the owners of Robina House are placing the 24-storey office building on the market in hopes of raking in $124 million to $145 million. The Shenton Way office building was constructed in 1973 at
    452 words
  • Page 1 Advertisements
    • 88 1 TIEN COURT J? SICHUAN CUISINE I King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 Shipping Times comes as a separate section today. Make sure you get your copy. Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide
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    • 352 1 OCBC raises prime rate, PAGE 9 Dollar soars against other currencies, PAGE 9 Fed chief shows that he means business, PAGE 9 Leader, PAGE 10 One Man's View, PAGE 10 A meaning for the future, PAGE 2 PM: Let's have another party PAGE 2 MONEY ft EXCHANGES COMMODITIES AIRCRAFT SCHEDULE
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    • 76 1 fp»« nun m m A r DINING ON TOP-OF-THE-WORLD Join us at the top. Enjoy the best Beijing cuisines specially prepared by our master chef. All yours to savour, amidst the grand panorama of the city and southern islands, the cosy ambience and the warm and personalised service our definition
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    • 76 1 /< DBS Bank in great shape DBS BANK looks set for another record-breaking year. It has reported an 18.7 per cent rise in net attributable profit to $86.25 million for the interim six months. The group's bottom-line figure was boosted by higher net interest income, dividends, as well as substantially
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  • HOME NEWS
    • 630 2  -  PM Lee shares feelings about rain, school bands and parades By RICHARD SEAH SCHOOL BANDS and heavy rain have an unlikely but strong link with the success story of Singapore. Reflecting on past National Day Parades, Prime Minister Lee Kuan Yew yesterday explained why. His
      630 words
    • 252 2 ANOTHER Orchard Road party this weekend might not be a bad idea, said Prime Minister Lee Kuan Yew, who felt it was a mistake to have cut short the one on National Day eve. What was to have been "the party of the year" was
      252 words
    • 82 2 And so we shall, says Goh THERE WILL BE another Orchard Road party sometime in the next few weeks, First Deputy Prime Minister Goh Chok Tong said last night. At a National Day reception at the Istana, he told reporters that he had met the organisers and they had decided
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    • 191 2 TWELVE SINGAPORE executives are attending a productivity training programme at the Tokyo International Center to upgrade their management consulting skills. Their involvement, under the Productivity Development Project administered by the National Productivity Board (NPB), is part of an Asean human resources programme
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    • 332 2  -  By CHUANG PECK MING JUST AS UNIONS were willing to re-open their wage pacts to implement wage restraint, employers should be prepared to re-negotiate the agreements to take into account the strong economic growth. Mr Ong Teng Cheong, secre-tary-general of
      332 words
    • 228 2 ALL PUBLIC telephones, now mostly operated by coins, will be fully operated by cards in 1991, Telecoms chairman Koh Boon Hwee said yesterday. With the cardphones. to be installed all over Singapore, it would be more convenient to make local and
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    • 448 2 Seminars and cahners exposition group Courses I Te,:*****13TI :R S*****CEGSP Fax:*****66 Aug 25-26 Advanced Database Audit System Education and Control Centre Systems Education Centre *****) *****89 Aug 26 Pte ltd Investment Hotel Meridien Opportunities in the Securities Exchange of Thailand Centre for Management Technology *****22 Aug 27 Son»e
      448 words
    • 112 2 A TWO-DAY seminar on US textile classification, under a new harmonised system to be implemented soon by America, begins today at the World Trade Centre. Three US officials Mr Martin Walsh, the US Department of Commerce's commodity industry specialist; Mr Bruce Kirschner and Mr Richard
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    • 502 3  -  By LILY FERNANDEZ SINGAPORE AIRLINES expects the type, range and amount of cargo it carries to increase with the arrival of its first 8747-200 freighter at the end of this month. SIA expects the freighter, with a 100-tonne capacity, to meet the
      502 words
    • 271 3 CIGNA WORLDWIDE INC has announced the appointment of Rues Soh Leong Shu as general manager for Singapore. Mr Soh, 39, was previously assistant general manager. He has more than 16 years' experience in the insurance industry. He has an MBA from Brunei University (UK) and holds a
      271 words
    • 204 3 THE STRONG trade ties between Singapore and the UK are expected to get a further boost when Singapore Airlines and British Airways start a joint cargo service from next month. An SIA spokesman said this was the first time any carrier
      204 words
    • 646 3  -  By WILLIAM CHIA NEW CAR SALES are projected to hit a new high of about $1.5 billion based on burgeoning imports during the first half of this year. Dealers report that sales of Mercedes Benz, Toyota and Hyundai cars in the first seven
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    • 124 3 THE National Computer Board (NCB) will be awarding 11 scholarships for computer studies in the US and Canada this year. Eleven "A" level students will be receiving their scholarships today at a ceremony at the NCB Auditorium from NCB chairman Tan Chin Nam.
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  • Page 2 Advertisements
    • 372 2 SWfflOW RESTAURANTS Hbii ANNIVERSARV WM n Y J r /i JULY 29 SEPTEMBER 10 v D r I 7i<ssx*.*x Teochew Cuisine At Its Very Best. In appreciation of the contribution made by everyone towards the success of Swatow Restaurants, especially to all CELEBRATION MENUS Grandeur of Teochew Cuisines Menu Ss4BB
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    • 44 2 EVERYTHING YOU NEED IN A LUXURIOUS OFFICE for the price of a room! WORLD-WIDE BUSINESS CENTRES (S) PTE LTD #11-04/06 Peninsula Plaza, Tel: *****69 Complete facilities telex fax copier word processing secretarial services conference room answering service long snort term lease you name it'
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  • Page 3 Advertisements
    • 155 3 WORLDWIDE EXPRESS" Prompt pick-up and delivery 24 hours a day 1 J *1 it •V t 51 ft rv > 1. K ft '''■A* pK»f."* •t V'ii vs. •> p *n V »«vi.M' V\< 1 \J --<'' •T I v > :*&%Tkv| i v 'Ji ;v B« 111 e«S VI
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  • ASIA – PACIFIC
    • 902 4 ARRIVALS Operator S«rvic« Local From numb»r tim* SU SQ11 0040 LAX/NRT UAL UA805 0045 SFO/HKG FT FT15 0158 TPE GU GA1111 0335 JED/AUH IAC IC555 0655 AAAA SIA SQ411 0800 BOM MAS MH640 0820 KUL MAS AAH651 0910 PEN GIA GA7214 0915 HLP MAS MH607 0920 KUL
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    • 514 4 Reuter AFP THE UNITED STATES is asking Arab states in the Gulf to contribute US$2O million towards the cost of UN military observers who will monitor the Iran-Iraq war ceasefire, US Under-Secretary of State Richard Williamson said. In an interview yesterday with
      Reuter; AFP  -  514 words
    • 340 4 AP THE POPULATION of Asia has reached 3,000,000,000 (three billion), according to a report released by a group of politicians representing 19 Asian nations. The Asian Forum of Parliamentarians on Population and Development report, based on data compiled by the UN. said the
      AP  -  340 words
    • 450 4 AP AFTER 14 straight months of decline, Japan's trade surplus reversed direction and increased in July over its year-earlier level, the Finance Ministry announced in Tokyo yesterday. July's U557.178-billion trade surplus exceeded both the U556,937 billion registered a year earlier
      AP  -  450 words
    • 201 4 UPI THE SOVIET UNION wants to buy Japan's used cars and has offered to pay US$75O each for 20,000 economical models, a trading official in Tokyo told the Kyodo News Service on Tuesday. BtfMhe Japanese selling agent was for U552,200 to U557,500
      UPI  -  201 words
    • 240 4 AFP AP MALAYSIA has agreed to free 48 Filipino fishermen detained since April for allegedly poaching in Malaysian waters, Philippine Foreign Affairs Secretary Raul Manglapus said in Manila yesterday. The Malaysian government is dropping its appeal against a Kota Kinabalu lower court decision on
      AFP; AP  -  240 words
    • 245 4 AP A MAJORITY of South Korean companies think they would be uncompetitive and forced to halt exports if the nation's currency is revalued against the US dollar above the 700-won level, a government survey showed yesterday. The South Korean won was quoted
      AP  -  245 words
    • 125 4 AFP THE PHILIPPINES posted a US$l23-million surplus in its balance of payments after the first five months of 1968, more than five times the same period last year, the Central Bank said yesterday. The surplus stood at US$23 million at the end of May 1967. Central
      AFP  -  125 words
  • Page 4 Advertisements
    • 124 4 fI Y jm \j\ If I The business person's choice, every I I II 111 I Tuesdoy. Thursdoy. Saturday and I 1 Mm 1 W\ \l I I m Sunday. Leaving Changi Airport at JL 1 JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day.
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    • 177 4 Oil futures (all as doubts ovsr caaaafira's affects sat in, PAGE 16 Iran to giva oil sactor priority, PAGE 16 An Enchanting -> Evening sfa r iSIWTOf?: £< is T» V* .*c V M In subdued shadows cast by softly glowing lights, enjoy an exquisite dinner of crisp salads, superb
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  • Page 5 Advertisements
    • 252 5 IKEA Contract is for people who are too busy signing new business contracts to worry about designing and decorating their office. Well help you plan, design and even colour co-ordinate according to your budget and disposition, be it for a cosy atmosphere or a more regular workplace. So youH have
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  • Page 6 Advertisements
    • 1844 6 A DOUBLE CELEBRATION The C F Sharp Group celebrates its 35th Anniversary together with the launch of the M/T Christine R, the latest addition to the C F Sharp Group owned fleet. MESSAGE Wk It is with great pride and pleasure that 1 extend my personal greetings and congratulations to
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  • REST OF THE WORLD
    • 377 7 Reuter SOUTH AFRICA'S frontline troops mopped up the wreckage of past battles on Tuesday as they prepared to withdraw from southern Angola across 300 km of sandy bush to South Afri-can-ruled Namibia. Officials at South Africa's main Namibian garrison of Oshakati said that
      Reuter  -  377 words
    • 197 7 Reuter AMERICANS will cease to be the world's leading tourists by the end of the century, yielding to West Germans and the British. A long-term forecast on trends in tourism to the end of the century by the Economist Intelligence Unit (EIU)
      Reuter  -  197 words
    • 195 7 Reuter US DEFENCE Department auditors have found that 95 defence firms overcharged the US government US$7B9 million in what appeared to be a pattern of systematic abuse, according to a US Defence Department report. The audit was one of the largest ever
      Reuter  -  195 words
    • 207 7 UPI NEARLY 5,000 tickets were soid with the numbers 8-8-8 for Washington state's three-digit lottery game on the date 8-8-88, breaking all records, but only the 88 tickets sold for the combination 3-5-5 were winners, a lottery spokesman said on Tuesday. "It's
      UPI  -  207 words
    • 323 7 Reuter BREAKING a summertime lull in a simmering trans-Atlantic battle, US and European farm officials swapped charges on Tuesday over who is to blame for stalled world trade talks. US Agriculture Secretary Richard Lyng blasted the European Community, accusing it
      Reuter  -  323 words
    • 364 7 UPI THE US House of Representatives overwhelmingly approved a US-Canada free trade agreement on Tuesday that would eliminate all tariffs between the two nations and reduce other trade barriers over the next 10 years. The measure, which supporters hailed as a "historic" expansion of
      UPI  -  364 words
  • Page 7 Advertisements
    • 221 7 Easi-Bind Creative Presentation System covers you with prestige l Place the documentation you require binding neatly into the spine of the Eastbind cover. Now every document and sales literature can leave your organisation professionally, handsomely and perfectly bound. Just place a set to be bound into a cover, insert it
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    • 277 7 For your conference or meeting away from the hectic pace and interruptions of the city, look no further and meet at lx* Mcridien in Changi. With a choice of elegantly-designed function rooms, each equipped with modern facilities, leave all your details to our team to plan and run your seminar
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  • Page 7 Miscellaneous
    • 131 7 vs/'A w// Max/ Note Min (°C) 15/05 Haze 29/18 Cloudy 32/24 Clear 41/30 Clear 33/26 Cloudy 30/23 Cloudy 29/23 Showers 30/24 Sunny 32/15 Clear 28/14 Clear 32/28 Cloudy 28/16 Cloudy 21/04 Fair 30/14 Clear 32/18 Clear 12/09 Cloudy 34/23 Cloudy 24/09 Cloudy 13-05 Fair 26/19 Cloudy 37/24 Cloudy 23/13 Clear
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    • 68 7 Doonesbury YES, AIR.. TRUMP* HRB HSR UP, CAPTAIN. IMNTYOU TOTAKSHBRTO NEHJORLBANS! m tm v e a m r I'ia r BY GARRY TRUDEAU BY SHOWING UP IN THE TRUMP PRINCE#*! ME UJHICH CAN SENP AMERICA AN JgL** IMPORTANT MEG6A6E 77/47ABOUT THE LAST or/ EIGHT YEARS! SIIS sy T A TAX
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  • MONEY AND EXCHANGES
    • 176 8 Reuter NCNB TEXAS National Bank has named a six-member top management team comprising three former NCNB Corp NCB executives and three former First Republicßank Corp executives. NCNB Texas National was created on July 29 when the former banks owned by First RepublicBank Corp were rescued
      Reuter  -  176 words
    • 178 8 Reuter THE DOMINICAN government on Tuesday closed 36 of the country's 300 privately owned finance companies after liquidity problems left them practically bankrupt. The authorities took over administration of the companies and will evaluate their assets in preparation for liquidation to pay back investors, banking
      Reuter  -  178 words
    • 156 8 AFP BRITAIN is considering restructuring its estimated £200 billion national debt following its decision to repay early US$2.5 billion in foreign debts next October, the Financial Times reported on Monday. The government "no longer has to borrow from the private sector to finance its
      AFP  -  156 words
    • 508 8 SEPTEMBER Eurodollar futures on the Simex gapped sharply lower yesterday than Monday's level as result of an unexpected 1.2point rise in the US discount rate to 6.5 per cent and the Fed's draining of reserves through overnight matched sales. Continued selling pressure led the September contract to ease off
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    • 233 8 Reuter CURRENCY FUTURES on the International Monetary Market settled on Tuesday with large losses and near the days lows set late in active trade. Early short-covering had boosted most contracts to the session's highs in light action. But values reversed course and fell after the Fed surprised the markets
      Reuter  -  233 words
    • 180 8 Gold futures on Aug 9 100 troy ounces USS per troy ounce OpMI Mtgh Low Aug 429.00 429.50 422.00 427.40 •3.00 S*P 427.40 ***** 427.60 429.30 •3.00 Oct 433.00 434.30 427.00 432.10 3.00 Ok 439.20 439.80 433.00 437.80 -3.00 F»b 445 50 445.50 441.70 443.80 -2.80 *4"
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    • 346 8 Asian market Asian dollar deposit rates closed steady at firmer opening levels yesterday but trading was quiet in the afternoon session, dealers said. Term rates firmed 3/16 point in initial trading on news of a half-point rise in the US discount rate to 6-1/2 per cent, sharply lower bond prices
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    • 1456 8 CURRENCY FUTURES OPTIONS Wednesday, Aug 10, 1988 DEUTSCHCMARK (SIMEX) High Sap 88 calk Low Salt 1 High lap 88 pwM Low Safl 90 98 12 92 978 41 57 S3 49A 45 1198 119 94 24A 20 190 190 190 99 10 281 98 375 57 58 2 59
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  • Page 8 Advertisements
    • 264 8 H JL JLappily, as a guesr at the new Carlton Hotel, you'll appreciate your predicament. Our central location means we're ideally placed for the city, all the best shopping and most of the main tourist landmarks. Most places shown on the map are within easy walking distance none will give
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    • 10 8 Keep your investment decisions on target HABXPOUqi EVERY SATURDAY JL
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  • BANKING AND FINANCE
    • 174 9 Indicates the average of the prima landing rates ot 12 major banks in S'pore Interbank market ratee (offer/bid) on Aug 10 US$ DM SWFC Y«n 7 days 1/1* 7 IS/16 10 7/t 3/4 5I/I-J 3 1/4 3 4 3/t 1/4 1 «*t IS/16 —3/16 11 10 7/t
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    • 69 9 THE OVERNIGHT rate on the Singapore money market fell 3/8 point yesterday to end at 4-1/8 per cent. The one-month term rate rose by 1/8 point while the two and threemonths rose by 3/16 point each. S$ Interbank rates at the close yesterday: OfF» MO 0*«r"»Q»» 4 l/t
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    • 115 9 Treasury bills Period Issue Yesterday's closing Day's code Maturity WD OFFER HIGH LOW 3 months BQ*****T 10.11.88 4.13 4.08 4.15 4.08 6 months BY*****T 24.11.88 4.15 4.10 4.13 4.11 1 y«or BY*****S 20.07.89 4.33 4.28 4.33 4.31 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • 1310 9 OCBC Reuter SINGAPORE: The US dollar closed little changed against most major currencies yesterday. Against the Singapore dollar, the US unit closed marginally changed at $2.0465/75 in torpid trading. It traded within a range of $2.0470 to $2.0485. It opened initially at $2.0470/80. The greenback closed higher against
      OCBC; Reuter  -  1,310 words
    • 181 9 Reuter JAPAN is likely to raise its 2.5 per cent discount rate as early as September to fight inflationary pressure from a higher US dollar and to avoid a further fall in stock and bond prices. According to senior money traders at Japanese
      Reuter  -  181 words
    • 683 9  -  By SOH TIANG KENG PRESSURE FOR higher lending rates in Singapore has mounted with yesterday s announcement by the Oversea-Chinese Banking Corp that its prime lending rate will be raised by one quarter point to 5.5 per cent with immediate effect. The higher OCBC prime
      683 words
    • 448 9 NYT THE AMERICAN DOLLAR soared against the German mark and other currencies on Tuesday, propelled by an unexpected half-point rise in the US Federal Reserve Board's discount rate to 6% per cent. Some traders feared that the Fed and foreign central banks would sell dollars
      NYT  -  448 words
    • 535 9 Reuter BY RAISING the discount rate, US Federal Reserve Board chairman Alan Greenspan has shown that he is prepared to antagonise his own Republican party and risk international tensions over the dollar to impress on the world that his chief priority is to
      Reuter  -  535 words
  • Page 9 Advertisements
    • 125 9 EXECUTIVE SECRETARY We're a leading consultancy in Advertising, Public Relations, Graphic Design, and Marketing If you're a cheerful, well-groomed lady aged between 25-28, with good A-levels (especially in English), can take shorthand at 80-100 wpm, type accurately at 50 wpm, and at least five years' secretarial experience, we'd like to
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    • 220 9 FREEHOLD INDUSTRIAL SITES FOR SALE BY TENDER DEBENHAM TEWSON mw CITY VALUERS PTE LTD 11, Collyer Quay 13-01 The Arcade, Singapore 0104 ei *****79/*****84 1. Lot 3967 MK24 at Kalking Pudding Road/tannery Lane (off Macpherson Road/Aljunied Road). Site Area: 8,300.1 sq m (Approx. 89,342 sq ft) Zoning: Zoned as Industry
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  • PERSPECTIVE
    • 452 10 THE ELECTED president proposal will be debated in Parliament today and tomorrow. Few Singaporeans will quarrel with the argument that there should be constitutional checks on the government. In the five years of office before it must answer to the people, a government can make unwise decisions
      452 words
    • 1369 10  -  KO'N EfMfl'N isMfEffil By SEAH CHIANG NEE IMAGINE we are in the year 2006. Like this year, it is a general election year. About 220,000 voters are voting for the first time. These are people who were born in the year 1988. They
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    • 562 11 but it could be better AP WHILE East Germany has a high standard of living compared with other Soviet Bloc countries, the wait for a new car can be as long as 11 years and Communist leaders have been acknowledging shortages of consumer goods.
      AP  -  562 words
    • 1249 11  -  The Netherlands is going through the most profound swing in government policy since the welfare state took root there in the wake of Depression-era privation followed by a harsh five-year Nazi occupation during World War Two. ABNER KATZMAN reports on Dutch Prime Minister Ruud
      AP  -  1,249 words
  • Page 10 Advertisements
    • 156 10 i In a prosperity-filled year of 88, there's no better name than Winners; For the chic, new bar we've created in our lobby; Dedicated to those with a taste for winning. Late breakfasts and lunches. From 10 am till 2 pm, a contemporary restaurant and bar; Fresh sandwiches, pies and
      156 words

  • Page 11 Miscellaneous
    • 1219 11 w sum) aasK) PM Opening and Programme Highlights followed by Lingo. National Geographic Society Spedal Treasures From The Past (See highlights). World Music Album. Singles Folse Pretences (Last episode), in this concluding episode, the real professions of Qive and Malcolm surface, greatly upsetting Pamela and Jocfcie. Expressions: Beethoven Symphony No
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    • 666 11 CRYPTIC PUZZLE ACROSS 1 One makes it when indirectly routed (6) 7 On cloud nine? Going like a bird, anyway (8) 8 Ants disturb him (4) 10 It's old, perhaps and not easily roused (6) 11 Go round part of Cairo art gallery (6) 14 A less than adamant female
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  • 790 12 THE TWO Singaporeans in Paris should have known better. They were, as they put it, on "hallowed grounds". Asking a French waiter for Courvoisier XO on the rocks is sacrilegious. The waiter threw his hands up in the air, uttered a pained "No" and simply refused
    790 words
  • 376 12 ANYONE WHO KNOWS his drink has heard this saying. But what exactly does it mean? The answer lies in that unique combination of geography, geology and science that produces a drink that has been enjoyed by Emperors and Kings from
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  • Article, Illustration
    139 13 VINTAGE SANCTUM Le Paradis is an apt name for this venerated place where Courvoisier stores its finest and most precious treasures. This cellar holds more than 3,000 bottles of old cognac covering a period between 1789 and 1925, including a few old casks of exceptional blends used for
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  • Article, Illustration
    302 13 APPRECIATING good cognac is a personal matter, French waiters*! notwithstanding. There is a story,* as told by a well-known French politician, Abbe Talleyrand, which is arguably the most famous anecdote about how to appreciate your cognac. At the end of a sumptuous supper, when one of the guests tossed
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  • SPORTS & LEISURE
    • 699 14 UPI ONE OF THE FEW Olympic landmarks left undisturbed through all the protests, violence and boycotts of the last generation is Bob Beamon's world record in the long jump. Beamon's leap of 29 feet. 2 1/2 inches on Oct 18. 1968, in Mexico City's Olympic
      UPI  -  699 words
    • 282 14 AFP THE BRITISH Amateur Athletics Board has hit back at allegations by Sebastian Coe's father that the exclusion of the Olympic 1500 m champion from its Seoul team was due to political influences. Peter Coe claimed that certain members of the board, who
      AFP  -  282 words
    • 292 15 Reuter FORMER world No. 1 Jimmy Connors, the old warhorse of the Grand Prix circuit, gave newcomer Doug Flach a tennis lesson at the U*****,500 Canadian Open on Tuesday. The fourth-seeded Connors, who will turn 36 next month, outclassed Flach, the younger brother of
      Reuter  -  292 words
    • 506 15  -  By CHARLES SAVAGE SINGAPORE is in a strong position to set up a semi-final meeting with Johore in the J&B Cricket Carnival after today's final round-robin match against Negri Sembilan at Balestier Road. Negri has lost both its previous matches (going down by
      506 words
    • 630 15 AFP THE 70TH US PGA championship this week will benefit from the return of Australian Greg Norman and the revitalised Seve Ballesteros of Spain, but will sorely miss Masters champion Sandy Lyle of Scotland. Norman, still the world's leading golfer, maKes
      AFP  -  630 words
    • 583 15  -  Jranklif. speaking.... by WALTON MORAIS WHAT DOES Douglas Ooi and Sebastian Coe have in common? Not much if you consider that one plays golf for Singapore while the other is a great Olympic athletics champion. But the two agree on one point: selection trials are anathema.
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  • Page 14 Advertisements
    • 255 14 Where to eat, drink Grills Greens < m M 71 A choice of 18 salads, five cold cuts, soup, three roasts, eight grills 12 desserts. What more could you ask for? The entire buffet spread is yours for $25.50 per adult $15.00 per child under 12. BARON'S TABLE. BAJROJt'S Stmply
      255 words
    • 117 14 ROU GU CHA BREAKFAST at CAFE BOULEVARD lam —11am daily At r SSs.oo++ er person FISH VERMICELLI at DON DANG SAYANG Daily Lunch and Dinner 1, Tangiin Road Singapore 1024 Tel: *****33 Tdex: MINGTEL RS ***** Telefax: *****42 557.00++ per person A NONYA BUFFET MONDAY TO FRIDAY n m r
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    • 168 14 FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.00-6.(X)pm) in The Lounge. Watch our models parade the latest collectioas while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.90 per person, 'fa t HWT RE<3€NCYj(J)SINGAPORE
      168 words
    • 176 14 Every second's on-the-house! The Fountain Lounge is flowing with the good times. BeNveen 5 and 8 pm daily, for ever/ drink you order you get your next FREE And bottle purchases are at 25% less There's no happier time to enjoy your favourite drinks and some of the best musical
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    • 178 14 Frankly Speaking, PAGE 15 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, Fondue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites
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  • Page 15 Advertisements
    • 385 15 and entertain THE 7TH BELGIAN GASTRONOMIC FESTIVAL. AUGUST 4-14 For the 7th year m succession, Belgian masterchef. Chef Pierrot returns to the Hubertus Grill to bring you delicious specialities from his celebrated restaurant, Chez Pierrot ou Surcouf His exquisite menu includes items like Temne of fine Gooseliver with Poached Che
      385 words
    • 219 15 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANCTI HKR IS THK CHOICE (X MAIN (XX USES. For between $26++ and $40+ C I U can se cct f rom our appetiser v JKILL buffet including seafood, smoked salmon and oysters. Choose from many
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  • COMMODITIES
    • 318 16 Bernama THE FORTHCOMING meeting of the negotiating group on tropical products under the General Agreement on Tariffs and Trade (Gatt) is expected to achieve at least partial results as both Japan and the European Community have given assurances of "positive and comprehensive offers"
      Bernama  -  318 words
    • 220 16 Reuter IRAN WILL GIVE top priority to the growth of the oil, petrochemical and heavy industries in its efforts to rebuild its war-dam-aged economy, according to Iran's ambassador to Japan, Seyed Adeli. "We will welcome any suggestions from Japan," Mr Adeli told
      Reuter  -  220 words
    • 436 16 AFP NEW YORK oil futures were down on Tuesday, with most US oil experts expressing doubts that the ceasefire announced for Aug 20 in the Iran-Iraq War would cause a long-lasting rise in crude prices. West Texas Intermediate, the US
      AFP  -  436 words
    • 185 16 Reuter POWER STATIONS in the Shanghai region are stopping production for lack of coal and the shortages are not expected to ease for the rest of the year, according to the official Economic Information newspaper in Beijing. The paper reported on Tuesday that
      Reuter  -  185 words
    • 392 16 HONGKONG: The metal closed marginally lower yesterday, depressed by a round of selling by European houses in the afternoon, dealers said. They said market sentiment had turned more cautious after the metal failed to hold above US$43O per ounce. Gold bullion ended at U*****.80/427.20 per ounce against an
      392 words
    • 542 16 MA !^I S,A C UDE PALM O,L FUTURES reversed their early trend BSTSI?.? 08 low n r newed se,lin o after Pakistan booked ®D Palm oil for Aug 25/Sep 10 shipment at a low US$44l per tonne C F, dealers said. Prices had firmed initially in line with
      542 words
    • 89 16 THE MARKET was directionless yesterday after recent volatility in international trading. Players preferred the safety of the sidelines. Closing prices for crude (FOB origin) USS/borrd Chang* Topta (Aug) Mlnoi (Aug) Duboi (Aug) W«st T*xo* 15.15 +0.40 14.60- 0.10 13.20 +0.04 WTI (Aug)* 15-58 +0.61 N*w York dot*
      89 words
    • 205 16 SENTIMENT EASED on the KLTM yesterday, with the tin price easing four cents to close at M 519.20 a kg. The price tell on profit-taking and lack of strong support because of sterling's fall against the rlnggit, which widened the local premium over the European price to £25.
      205 words
    • 329 16 SINGAPORE Prices closed slightly lower yesterday with September RSS One buyer quoted at 255.00 cents a kg, down one cent from Monday's close. Prices were marked down slightly at the opening, but recovered in subsequent trading on some local short-cov-ering. But prices fell again towards the morning close due
      329 words
    • 93 16 SOYBEAN FUTURES on the Chicago Board of Trade ended higher on Tuesday in anticipation that the USDA crop report due today would give a bullish estimate for this year's drought-shrunk-en crop. Prices rallied on a bullish forecast by private grain analyst Conrad Leslie of a 1.483 billion bushels soybean
      93 words
    • 87 16 SOFT RED WINTER wheat futures on the Chicago Board of Trade ended up slightly on Tuesday, helped by higher soybean futures as dealers expected a new USDA crop yield estimate today to show a sharp fall since last month. Wheat for September delivery closed up three US cents at
      87 words
    • 284 16 R AS prices In S cants/kg. FOB In bak M NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 257.00 258.00N 255.00 256.00N tot 1 RSS Sep 88 257.00 258.00N 255.00 256.00N Int 1 RSS Oct 258.50 259.5ON 257.00 258.00N Int 2 RSS OP 254.50 256.50N
      284 words
    • 81 16 (canti/kg) SEPTEMBER 1988 OCTOBER 1988 (current month) (forward month) RAS NOON NOON kytrt S*4Wrl Bvyart SSR 20 222.50 224.50N 222.50 224.50N SS* 50 221.50 223.50N 221.50 223. SON MRELB lwy*n Wl«ft 8vy*r» S*H«. SMR CV 435.00 437.00N 437.00 439.00N SMR I 435.00 437.00N 437.00 439.00N SMR 5
      81 words
    • 235 16 Chinese Produce 110 FOB NSW 1455.00 A-l Sup*r 245 Exchange BWf FOB NSW 1140.00 A-l Sp*dol 243 Sollors' noon dosing pricvs on Gambier C-1 Spociol C-1 Ord unq unq Aug 10 (SS/100 kg) FOB NSW 190.00 Loonzain Rice Coconut oil FAMA 100% lit grod* unq But FOB 126.00
      235 words
    • 283 16 London unq (unq) M'lion/Sumotron crude Copper Standard Commodity OF UK/Rotterdam Co* 1205/1210 (1210/1210) Exchange Aug 452.5pd(480sir) Sep 455pd (485sir) 3-months 1205/1210 (1210/1215) Suyer/Seller closing prices on Oct 462-5/460pd Settlement 1200(1230) Aug 9 (£/tonne unless M'sion RBD FOB Tone: Sales: (1) specified). Previous closing prices in parenthesis. Aug unch(427.5slr)
      283 words
  • Page 16 Advertisements
    • 151 16 Japanese Restaurant 7 v Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are
      151 words

  • REGIONAL MARKETS
    • 1384 17 Hongkong 'HONGKONG STOCK prices closed weaker yesterday following news of the arrest of six Hongkong stock exchange officials but many shares ended above their lows on small investor bargain hunting, brokers said. The Hang Seng Index fell 54.66 points, or two per cent, to 2,579.38 while the
      1,384 words
    • 509 17 Reuter TOKYO SHARE prices took a nosedive yesterday in the year's biggest plunge on fears of higher interest rates after Tuesday's rise in the US discount rate, brokers said. "It took New York by surprise and it certainly took people in Tokyo by surprise." said Paul Migliorato, a broker
      Reuter  -  509 words
    • 485 17 Reuter THE AUSTRALIAN share market yesterday suffered its biggest fall in almost two weeks in nervous trading triggered by falls on foreign markets due to fears of higher interest rates. Brokers said the local market struggled for most of the day, closing on its 1 lows as Tokyo's Nikkei
      Reuter  -  485 words
    • 148 17 Reuter THE SECURITIES Exchange of Thailand Index fell 6.96 points to 464.03 yesterday on a turnover of 6,046,940 shares worth 582.02 million baht. AUG 10 BAH! Ao Kham Thai 448 Ayudhya Investment 454 Bangkok Agro-lnd 125 Bangkok Bank 321 Bank Of Ayudhya 356 Charoong That Wire Cable 511 Datamat
      Reuter  -  148 words
    • 286 17 AUG 10 NT S Kolin Kuochan Oev Lee Chang Yuen Chem Indus 60 50 50 00 63 50 55 1 05 Asia Cement Cathay Cons Chang Hwa Bank Cheng Loong Chia Hsin Cement Chin Hsin Flour China Chem 96 50 137 50 885 00 47 10 76 00 32
      286 words
    • 138 17 AUG 10 WON Kal ***** -400 Cheil Sugar ***** -200 Kangwon Ind Kia Motor ***** ***** -300 -100 Daelim Ind Daewoo Corp Oaawoo Heavy Daishin Securities Dong Ah Ptiar ***** ***** ***** ***** ***** 400 100 -100 -600 -400 Koton Ind Korea Long Term Lucky Ltd Oriental Brewery Oriental
      138 words
    • 3921 17 SHARE PRICES on the Kuala Lumpur stock market yesterday moved in tandem with weaker overseas bourses and closed broadly lower. Increased selling also swelled trading volume. Brokers blamed the market s poor performance on the Tokyo market which nosedived in the year's biggest plunge on fears
      3,921 words
    • 180 17 Reuter A GOVERNMENT committee has raised the price of Manila Electric Co (Meralco) to be paid by the underwriters who are to handle the company's privatisation. The committee has also called for an acceleration of the privatisation. Meralco is the Philippines' leading electricity
      Reuter  -  180 words
  • Page 17 Advertisements
    • 0 17 {{]\>(,/*[<.'_&[;"`{~,,-@./$.;"
      0 words
    • 506 17 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of General Securities Investments Limited wishes to make the following announcement: I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1988 30.6.88 30.6.87 Or(-) Company Group Company Group Company Group S$ S$ SS S$ 1
      506 words

  • STOCK EXCHANGE OF SINGAPORE
    • 75 18 Company RIGHTS ISSUE C K Tong One-for-two $2.25 per shore Each rights conn with two detachable TSfe. The exercise price for Hi* TS*y expiring on May 31. 1990. is $2.25 Ex-dote Aug 3 Boots dose: Aug 16 Company OTHERS Hotel Prop Non-renounceob4e offer by SIMM of $I75» HPl
      75 words
    • 273 18 Company RIGHTS ISSUE A M D B One-for-four $0 50 per star* C 1 Holdings 27 Million loon stocks in tta rotio of $3 loon stock for every five ordinary stares held Duta Cons One-for-one $1.10 per stare F N Two-for-five $3.00 per stare F A C B
      273 words
    • 122 18 QAMOA HOLDINGS Berhad: 19th AGM at 10th floor, Wisma Central. Jalan Ampang, SO4SO Kuala Lumpur, tomorrow. Aug 12. at 10am. CK TANG Limited: 28th AGM at 310 320 Orchard Road, Singapore 0923, on Saturday. Aug 13. at 11am. KH.LINGHALL (MALAYSIA) Berfcad: 10th AGM at N0.49 Jalan Hang Lekiu,
      122 words
    • 297 18 Managers' prices UOB Management for Aug 11 Umfund 098 098 Umbond 101 103% Singapore Unit Trust The CoiMUfc* 106 112 The Sov<ngs Fund 093 099 S'pore Prog Fund 043 047 Spore Sec 069 074* S po'e Invest fund 0 73 0 78 S pore Equity Fund 053 066
      297 words
    • 668 18  -  -By LONG SHIH ROME SHARE PRICES suffered their biggest single-day tumble of the year as investors quickly cashed in on their recent gains following falls in stock prices in Tokyo and other major Asian markets. The half-point increase in the US discount rate, announced
      668 words
  • 5323 18 Gr's Gr's 1 MS Tel Last Dtv Dtv Y'ld Net Vol Day Last Quote High Low Cod* Company Sale OC- C*T P/E (*000) High Low Buyer r SECTION ONE INDUSTRIAL ft COMMERCIAL 141 95 t e 1000 Acma 135 -5 1 ON 2.4 0.7 56.2 39 139
    5,323 words

  • COMPANY NEWS
    • 457 19  -  By LISA LEE BONVESTS Holdings Ltd signed an agreement on 8.8.88 to acquire Coop International Re Ltd for $8.7 million in cash eight months after an earlier deal had fallen through. The diversified group announced that the transaction, if successful, would give the company
      457 words
    • 483 19  -  Subsidiary puts up weak performance By KEVIN GWEE GENERAL Securities Investments has become the second closed-end investment trust to report a drastic drop in group profits, after United International Securities. A member of the DBS group. GSI suffered a two-thirds fall in after-tax profits to
      483 words
    • 515 19 TWO local shipyards have secured new orders amidst keen competition from European and Asian competitors. Sembawang Shipyard recently clinched a $10 million contract through an international bid to convert a ro-ro (roll-on, roll-off) ship to a cruise ship with diving facilities. The Ocean Spirit will
      515 words
    • COMPANY BRIEFS
      • 96 19 KAMPONG LANJUT TIN DREDGING Bhd (KLTD) has acquired 8.21 million Pan Global Equities Bhd shares in the open market at prices ranging between M 51.90 and M 52.05. The deal is subject to approval and ratification of the relevant authorities. KLTD has also mutually rescinded
        96 words
      • 24 19 UNITED OVERSEAS FINANCE Ltd's rights issue of 29.20 million shares at $1 par value at $1.20 has been oversubscribed by 6%.
        24 words
      • 46 19 AMBASSADOR HOLDINGS Ltd's wholly-owned Hongkong subsidiary, Ambassador Investment's HK Ltd. has agreed to sell its entire holdings of 561,000 shares or 51 per cent of the issued capital in Botco-Parkham Ltd to Samta Holdings Sdn Bhd and Mr Ghanshyam Champaklal for $150,000.
        46 words
      • 41 19 INSAS BHD has ceased to be a substantial shareholder of United Pulp and Paper Co Ltd following the sale of 6.13 million UPP shares for $2.42 million. Its stake has been reduced from 11.1 to 4%.
        41 words
      • 76 19 DUFF BHD has entered into an agreement with Batu Kawan Bhd (BKB) to sell 2,435 hectares of two plantation estates, Ladang Kuala Gris and Ladang Sungei Teku in Kelantan, together with a palm oil mill and plantation-related assets, for Ms 23 million in cash. The proceeds
        76 words
      • 36 19 THE South Pacific Textile Industries Bhd group will acquire 51 per cent of the issued and paidup capital of South Island Garment Sdn Bhd for Ms 2 75 million.
        36 words
      • 58 19 FEDERAL METAL Printing Factory Sdn Bhd, a wholly-owned subsidiary of Kian Joo Can Facto- ry Bhd, has agreed to buy a piece of industrial land for Msl.7 million from Asia Motor Bhd to build a factory. Construction of the factory is expected to start in
        58 words
      • 50 19 DUNLOP Malaysian Industries Bhd has received shareholders' approval to change its name to DMIB Bhd; divest its 34% (5.1 m shares) stake in H R Johnson (M) Sdn Bhd for Msll.4m; and acquire the entire 10m issued shares of Sime Darby Footwear Sdn Bhd for $7.5 m.
        50 words
  • Page 19 Advertisements
    • 242 19 NOTICE NOTICE IS HEREBY GIVEN that, I Quek Wee Liang of Blk 54, #06-133, Cassia Crescent Singapore (1439), has applied for a Retail Liquor Shop Licence in respect of premises at M/s Famy Minimart Pte Ltd at Blk 302, Übi Avenue 1, #01-71 Singapore (1440), and that this application will
      242 words
    • 236 19 IN THE MATTER OF THE COMPANIES ACT, Cap. SO AND IN THE MATTER OF VOLKER STEVIN CIVIL ENGINEERING (SEA) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE is hereby given, in pursuance of Section 308 of the Companies Act. Cap. 50, that the FINAL GENERAL MEETING of the members
      236 words
    • 392 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF > CLEMENTI LOUNGE J PTE LTD (In Voluntary Liquidation# NOTICE IS HEREBY GIVEN that the Creditors <jf the abovenamed Company, which is being wound ub voluntarily, are requires on or before the 11th day qf
      392 words

  • Page 20 Advertisements
    • 78 20 SHOULDNT YQT J DC ADVERTISING IN THE NEWSPAPER THAT TALKS TO YOUNC-AT-HEART MORI! F. AND ACTIVE SINGAPOREANS? THE FACTS AND FIGURES say YES The New Paper is different. It is fresh. It is just what young-at-heart, active and mobile Singaporeans had waited for. These are the facts. To get the
      78 words

  • WORLD MARKETS
    • 851 21 New York Reuter A SURPRISE half-point rise in the discount rate by the Federal Reserve Board prompted investors scurrying to sell on Tuesday and sent blue chips to their lowest close in several weeks. Traders said some program selling exacerbated the losses, but stocks later
      Reuter  -  851 words
    • 932 21 London Reuter LONDON EQUITY prices opened lower yesterday in response to a 28-point fall on Wall Street on Tuesday following a surprise 0.5-point rise in the US discount rate to 6.5 per cent. But prices showed a harder edge following a number of encouraging corporate results. At
      Reuter  -  932 words
    • 1254 21 Selected indices HONGKONG Hongkong Index Wodrvesdoy 1702 65 Tuesday 1.***** Week 090 1.***** Hang Seng Index Wednesday 2,579 38 Tuesday 2,634 04 Wee* ago 2.692 63 All Industrials Wednesday 2.611 3 T uesday 2.648 7 Week ogo 2.5836 NEW YORK Dow Jones Tuesday 2.***** Monday 2.107 39 Week ogo 2.131
      1,254 words
    • 67 21 NYT MICHAEL N DAVID, the central figure in the 1986 insider trading conspiracy involving five young professionals, was sentenced to four months in prison and four years probation on Tuesday. David. 30. admitted taking confidential information about upcoming takeover deals from the law firm of
      NYT  -  67 words
    • 469 21 NYT THE US Labour Department is conducting an inquiry into whether transactions involving Drexel Burnham Lambert Inc defrauded pension funds and other customers. The department is also examining whether transactions conducted by Jefferies Co, a West Coast brokerage, violated federal laws
      NYT  -  469 words
    • 281 21 IHT KUWAIT made a surprise, legally binding pledge on Tuesday not to raise its stake in British Petroleum Pic beyond its existing 21.68 per cent, but trade secretary Lord Young rejected the offer and formally returned the documents. A department spokesman said Lord
      IHT  -  281 words
  • Page 21 Advertisements
    • 717 21 8 DBSBANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) To: All Bondholders U5570,000,000 Convertible Bonds due 1998 US$lOO,OOO,OOO 4% Subordinated Convertible Bonds due 2001 SUSPENSION OF BOND CONVERSION NOTICE IS HEREBY GIVEN that the Bonds will not be convertible during the period 2 September 1980
      717 words

  • 323 22 AVANT Hotels International, a family company of Mr Ong Beng Seng, yesterday signed an agreement with a consortium of bankers to buy over the Glass Hotel for $99.25 million. AHI holds about 44 per cent of Hotel Properties Ltd. a listed company
    323 words
  • 277 22 UPI THE FORMER HEAD of Malaysia's judiciary, fired by the King as Lord President of the Supreme Court, said yesterday he totally disagreed with a royal tribunal's report that found him guilty of misconduct and unfit to remain in office.
    UPI  -  277 words
  • 743 22  -  By ALVIN TAY DBS BANK whose 1987 group earnings set a record in Singapore banking yesterday reported an 18.7 per cent rise in net group profits to $86.25 million for the interim six months. The first-half results put the group on target to
    743 words
  • 250 22  -  By ANNA TEO FIND THREE YACHTSMEN the next time you hold an open-air party, President Wee Kim Wee learned last night. The party he and the First Lady threw last night for more than 1,000 people at the Istana lawn was threatened by a drizzle
    Picture by WONG KWAI CHOW  -  250 words
  • 151 22 AP DEMONSTRATORS defying a ban on public gatherings burned vehicles and stores in the Burmese capital of Rangoon as protests continued yesterday against the hardline government of President Sein Lwin, Western diplomats said. The official media has reported that 44 persons were killed and more than
    AP  -  151 words
  • 93 22 THE registers of electors are now on sale at the Elections Department in Shenton Way. The register for single member constituency (SMC) costs $85 each and that for group representation constituency (GRC) $170. The whole set, comprising 42 SMC and 13 GRC registers, costs
    93 words
  • 45 22 Bernama SURVEY work for the construction of a MS6OO million road linking Genting Highlands. Fraser's Hill and Cameron Highlands will begin on Sep 1. Malaysian Works Ministry Datuk Samy Vellu said yesterday the government had already called for tenders. Bernama
    Bernama  -  45 words
  • 225 22 AFP HONGKONG'S anti-graft body yesterday filed bribery charges against six current and former stock exchange officials including current chairman Charles Sin in a continuing investigation into the bourse. The Independent Commission Against Corruption (ICAC) also announced additional bribery charges against former exchange chairman
    AFP  -  225 words
  • 411 22  -  By CORRINA LIM SOFT DRINKS manufacturing giant Fraser Neave Ltd, which has been blazing the acquisition trail, has made yet another killing. This time to the tune of almost $62 million. This raises the total value of F&N's acquisitions in the past
    411 words
  • 405 22 BARRING a last-minute hitch, an $800 million event scheduled to take place in Sydney today will be the answer to Khoo Teck Puat's prayers. It could signal the end of his protracted struggle which started in late November 1986 with the Brunei
    405 words
  • LATE FILE
    • 39 22 UPI RAMAKRISHNA HEGOE. leading Indian opposition politician and chief minister of Karnataka for more than five years, resigned yesterday following a disclosure that the telephones of politicians and journalists in his state were tapped. UPI
      UPI  -  39 words
    • 65 22 Reuter A WEST GERMAN court has ordered the former head of foreign exchange of car maker Volkswagen AG to pay US$5.2 million in compensation for his role in a currency fraud. Labour court president Erwin Schulz-Behrendt said yesterday that Burghard Junger had been told
      Reuter  -  65 words
    • 47 22 AP SECURITIES regulatory authorities suspect massive insider trading took place on the Tokyo Stock Exchange in a major corporate tie-up recently. Officials said yesterday it was an unusual admission in Japan, where insider trading had been an acknowledged way of doing business. AP
      AP  -  47 words
    • 61 22 AP THOUSANDS OF New Yorkers who took a cue from the date and bet the lottery number 8-8-8 on Monday weren't wrong. They were just early. Eight-eight-eight was drawn on Tuesday and paid out a total of U556,065,100 to thousands of people, a record payout
      AP  -  61 words
    • 64 22 AFP SOUTH KOREA'S National Assembly yesterday accepted a North Korean proposal for preliminary parliamentary talks as hundreds of students demanding reunification were detained in clashes with police. Students staging a "National Pilgrimage" for unification yesterday ahead of a banned Aug 15 meeting with their North
      AFP  -  64 words
  • 90 22 Reuter COMEX GOLD futures closed lower yesterday, weighed down by the strong US dollar and the Fed's anti-inflationary, half-point rise in the US discount rate. On turnover of 40,000 lots, October fell US$3.OO at U*****.10 an oz, after earlier dipping to a new low for the
    Reuter  -  90 words
  • Page 22 Advertisements
    • 116 22 VALUATIONS: BUSINESS AND Ass E T t Determination Of Loan Value. Determination Of Insurable Value. Sale Or Purchase Of A Business. Determination Of Offer Price When Going Public. Valuations For Estate Or Tax Planning. Sale Or Purchase Of Real Estates Or Fixed Assets. Establishing Employee Share Ownership Plans. Venture Capital
      116 words
    • 142 22 ON MEN'S THINGS AT THE MEN'S SHOP Go Wild. Throw caution to the winds. The Elements Sale. The most amazing collection of the crispest cotton shirts in the coolest of colours. A wide selection of trousers, jackets and suits cut with that extra dash, in quality linen and wool. Classic
      142 words
    • 10 22 Date spark* daluga of •-M tickats for lottary, PAGE 7
      10 words

  • SHIPPING TIMES
    • 429 23  -  New member joins consortium in October By LINDA CHEE FROM OCTOBER the entry of a new member to the Tri-Partite Agreement (TPA) comprising NOL, OOCL and Y S Line will herald vessel changes and greater capacity in its trans-Pa-cific service. The new line, called
      429 words
    • 235 23 Reuter THE BOMBAY Port Authority has offered monsoon season subsidies to shippers and shipping companies to help ease congestion by loading or unloading in mid-stream, a senior official said. Docks manager M A Rub said the subsidy for unloading a full ship in
      Reuter  -  235 words
    • 231 23 Reuter WAR RISK insurance premiums for cargoes on ships sailing to and from most Gulf ports are being reduced on prospects of a ceasefire, the marine insurers' London-based War Risk Rating Committee said. The reductions effective Tuesday reflect a decline
      Reuter  -  231 words
    • PORTSIDES
      • 67 23 Reuter THE AUSTRALIA to Europe Shipping Conference said its currency adjustment factor (CAF) for wool will be varied to minus 3.19 per cent from plus 9.49 per cent, effective Sept 1. Its wool bunker adjustment factor (BAF) will also be altered to zero from
        Reuter  -  67 words
      • 53 23 Reuter THE 16,615 dwt PANAMANIAN motor bulk carrier Aurora Ruby ran aground on unchartered sand off Gizan, Saudi Arabia, Lloyd's Shipping Intelligence said. One attempt to refloat the vessel had failed. Lloyd's said. The vessel was bound for Maputo from Gizan with a cargo of
        Reuter  -  53 words
      • 32 23 Reuter THE BRITISH vessel Gold Orli of 18.863 tonnes dw has run aground off Singapore, Lloyds Shipping Intelligence Service reported Salvors are attending the loaded ship. Reuter
        Reuter  -  32 words
    • 509 24  -  By KINGSLEY WOOD NAVAL VESSELS worth about Aslo billion are being built in Australian yards or in the final planning stages with much of the design work done by Australians. Ships include two FFG guided missile frigates being built at Williamstown Dockyard in
      509 words
    • 801 24 A West Marine X 3 AB Shpg V 5 ABC Container 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 ARC line V 4 API III 2/3 Arrow
      801 words
    • 543 25 Reuter THE SURPLUS in the world commercial tanker fleet and combination carriers trading in oil rose slightly to 75.8 million long dwt at mid-1988 from 73.6 million at end-1987, London shipbroker John I Jacobs said. Reporting this in its halfyearly tanker review, Jacobs
      Reuter  -  543 words
    • 508 25 Reuter SAFE and freer trading in Mid-East Gulf waters now look to be in sight on the news that the UN has set Aug 20 as the Iranian/Iraqi ceasefire date. "This is an important step ahead towards what we hope will become lasting
      Reuter  -  508 words
    • 283 25 ALL SURVEYS were conducted on July 28 Argentina Buenos Aires 40 vessels operating Bahia Blanca Normal operation. Australia All ports Normal operation. Bangladesh Mongla Seven vessels operating. Chittagong 25 vessels operating; waiting time of up to one week. Brazil Salvador Normal operation. Santos 40 vessels operating. Cameroon Douala
      283 words
    • 1288 30 THE STEADY rate of US$l9 50 was reported paid for a Panamax vessel carrying grain from the US Gulf to Japan with combination discharge ports included, shipbrokers said. Recent grain business from the Gulf to west coast Mexico is said to have received $20 but there was still
      1,288 words
    • 7343 30 AARHU9 Villa de Jupiter CM 0 Atreflement Aug 11 Luna Maerak Maerak Line Aug 11 Rhine Maru Triot Aug 11(PK> She He. China Oceen Aug 13 Ming Prominence Yang Ming Aug IS Ever General Evergreen Aug IS Selendie ScanOutcht Aug 1S
      7,343 words
    • 1459 30 AT CONVENTIONAL WHARVES Veaael Barth i Arrival Departure KEPPEL WHARVES K29 olongside 12 08,0600 GokJen Hove* K33 oiongside IS 06/2300 Min Xing K35 alongside U *****0 S'roits Hop* K24E olongside 14 *****0 T Friendship K34 alongside 1508,0700 Eastern Glory K2B olongside 1108/1200 ■Cop S*irno« COT olongside II
      1,459 words
  • Page 23 Advertisements
    • 762 23 TIMES STP Distributors Times f>ut>i»shing Croup WW// OvyENT CokLuua LINE Agents JARDINE SHIPPING AGENCIES (Reg No 242K4 OOK) 200 Cantonment Road #12 05 Southpomt. Singapore 0206 TH *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SDN BHD PORT KELANG TEL
      762 words
    • 91 23 Freer Gulf trading in sight with ceasefire, Page 111 NA/AL VESSELS worth about Aslo billion are being built in Australian yards or in the final planning stages with much of the design work done by Australians. Page II THE SURPLUS in the world commercial tanker fleet and combination carriers trading
      91 words
    • 538 23 v V* STP Distributors 9^ MAERSK LINE THE SHORTEST DISTANCE BETWEEN TWO POINTS IS MAERSK LINE eeoer from Malaysia This wee* Arthur M Closing Time CY 17/8 2300 MRS CFS 17/8 1300 HRS M Monoo M Mondo M Mondo M Mondo M Mondo M Mondo Th« ana* Anna M Closing
      538 words

  • Page 24 Advertisements
    • 593 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT RHINE MARU TOKYO BAY FRANKFURT EXPRESS HAMBURG EXPRESS LA SEINE LONDON EXPRESS BENALDER BENAVON ROTTERDAM/ ANTWERP P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN I ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MAIMO. HELSINKI, OSLO. AMSTERDAM CARIBBEAN S AMERICA CONTAINER SERVICE
      593 words
    • 18 24 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. <P§
      18 words
    • 492 24 TRANSPORT LINES, INC U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO iju.wm AmTrans. TEXAS RAMBOW Vt l.v. lr if n BY FEEDER VESSEL ACCEPTING CARGO TO ATLANTA, SAVANNAH. BALTIMORE. MIAMI TAMPA. OTHER U S EAST COAST PORTS OM ifaiicct ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA:- CRISTOBAL. WERTOI CAKUO SANTOS, RIO GRANDE. PARANACUA.
      492 words

  • Page 25 Advertisements
    • 866 25 5 ■j The Straits Steamship Group Mansfield Container Shipping Pte Ltd P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT: STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok RHINE MARU TOKYO BAY FRANKFURT EXPRESS HAMBURG EXPRESS LA SEINE LONDON EXPRESS BENALOER BENAVON Also Accepting Cargo For: ur Ajrtws. Gothenburg Hi I
      866 words
    • 554 25 NOTICE BUSINESS FOR SALE ESTABLISHED VIABLE AND FULLY LICENSED SHIPPING AGENCY COMPANY WITH EXISTING STAFFS AND PRINCIPALS HAVING OFFICES IN PORT KLANG/KUALA LUMPUR FOR IMMEDIATE SALE/TAKE OVER. INTERESTED AND GENUINE PARTIES PLEASE CONTACT TEL: 03-*****35 FOR FURTHER DETAILS. UROPE General Agent: USA/PANAMA VESSEL SINGAPORE SEN EF 111 LONOON SEN EF
      554 words

  • Page 26 Advertisements
    • 498 26 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN EKRAM IRAN TEYFOURI Singapore 22/8 19/8 Loading lor:BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNG/8. PACIFIC SERVICE Singapore Loading for: DARA SAMUT 8/9 LAE, PMB, HRA MICRONESIA SERVICE OCEANIA EXPRESS V-19 27/8 GUAM. SAIPAN OCEANIA EXPRESS V-20 13/9
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    • 899 26 SCSline ,11(4 Smrnn CM**"*' FULLY CONT AINERIS ED S E RVICE TO EUROPE VIA SUEZ Mfmber ol the Ace Consortium fULIV CONTAINfR SED 10 FROM NORTH AMERICA WES' COASI StA FDR (MOTHER VESSEL OCH 60E HANJIN SEOUL 86E OCH 60E KOREAN WON IS SEVEN 53E TWB 43E HANJIN KUNSAN 34E
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    • 155 26 DIRECT SERVICE TO BOMBAY KARACHI: ETA 23/8. 24/8 30/8 MIDDLE EAST SERVICE NEW SERVICE DUBAI 24/8 5/9 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE FREMANTLE Alto accepting to Darwin AUCKLAND, WELLINGTON, LYTTLETON, DUNEDIN NAPIER EUROPE HAMBURG, ROTTERDAM, BARCELONA, FEUXSTOWE, LONDON, ANTWERP 14/8 23/8 Alto accepting to: Scandinavian European inland destination. 18/8 30/8
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    • 1025 26 EVERGREEN UUSiii Full Container Service tound-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER GENTLE EVER GENTRY EVER GATHER EVER GOVERN EVER GARDEN 18/8 22/8 2U 2S/8 «vi ,2 1* L TC LHV RW FLX HBG SGP 24» 28/8 301 31* 2* W W W0 7 Ml 10/10 2/11 281 19 1» \X 11
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  • Page 27 Advertisements
    • 581 27 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE VESSEL SEA FORTUNE KOTA MELATI SEA FORTUNE KOTA MELATI KOTA MELATI VOY SIN BLW PEN PKL SIN •834 SLO IN PT 12/1
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    • 292 27 CHINA OCEAN SHIPPING COMPANY cosco ukc cowvnmoNAt wkvici KK PCO P Klg Penang Loading for TBN 30,» Rotterdam/Antwerp MALATMA/CHWA FULL CONTAINM WIVOT Penjng Pklg Sport Bkk Hkg S'hai Qingdao E CHENG 17 11/1 lilt 1/1 14It 21/8 lilt Accepting FCL Cargo for all other Chinese ports MALAYSIA/ JAP AN FULL
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    • 430 27 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT OuU by T«*»o On Frankfurt Ciprtu H«*ur, Eiprtu U SdNM EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM 0 HAVE Frank tun [igtni Sjil«d Sjiltd la S«.r>t Saitad Sj>itd Mamburi Eiprtts S»M b>M SwuNter Sa>M Sa lad Thamn Haru SaiM St.ltd 0d««»— Saiiad Sanad
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    • 495 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE SRIWIJAYA 24W8 OCEAN PRIMA/11WB KUTAI/15WB 5- 9/9 23-25/9 1- 4/10 ANTWERP H'BURG/ ROAM/ADAM BREMEN 14/10 18/10 30/10 3/11 29/10 5/11 Subject to Inducement. Also accepting
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    • 346 27 BOUSTEAD SHIPPING AGENCIES HTONEYWA V237W PAGAN VI3IW PA AN VI2W BURMA FIVE STAR SHIPPIMS CORPORATION (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 13/15 Aug 18/20 AUC 22/24 Aug BANK LINE SEMI-CONTAINER SFBtfirF HLAW Lin CAPABIHTv NORTHBOUND TO UKC FORTH BANK V22N IVY BANK V22N TAUSALA SAMOA
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  • Page 28 Advertisements
    • 650 28 Q K LINK KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST HFX 2119 281/9 5/10 12/10 NYC 17/9 2*19 1/10 8/10 VOY *INDO •PK/PNG 8/8 15/8 22/8 29/8 NFK 1519 2219 2919 6/10 CHLS 1319 20/9 27/9 4/10 NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET •PK PNG 'INDO VOY LB
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    • 278 28 gnsEEsa DOIUGNAMA LJIUE SPORE P.KELARC PINANC INCHON BUSAN TMEA S VBO4 ,10 Au| U Aug 12 Aug Aug 24 Aug SINCAPORE GLORY VMS 16 Aug 17 Aug 1« Aug X Aug 30 Aug BUSAN GLORY VMS 21 Aug 22 Aug 23 Aug 2 Sep 4 Sep MALAYSIA GLORY VHI 30
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    • 724 28 'M. AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Smgipo'f P Keiang Penang loading to Mottwr Vsl B» rßy Feeder KALI DAS ¥38 16 Aug 9 Aug 9 Aug Frem Melb Sydn AM TULSIDAS *37 g Sep! I Sept 1 Sept Fran IMb S»dn AM KALIDAS *39 5 Oct 29 Sept
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    • 605 28 Ts-7 golden line 5 fc> GUM GUAN SHIPPING (PTE) LTD ■I V 23, Tato* Af«f StrMt TO-*—*—4 SINGAPORE 0104 TIL UUM (10 LINES) Fai &MBN STRAITS/PERSIAN GULF SERVICE Spore PKeiang Peaang GOLDEN HAVEN Colombo'Karactu Dubai In Pari GOLDEN BEAR Colombo Mr**.'Dubai 20/73 Aug CHINA SERVICE BAI YUN SHAN Shanghai HsinKang
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    • 470 28 PHILI Ofll€NT LIN€S PT€ LTD AFRO ASIA BUILDING SINGAPORC 0106 TELEX RS ***** PHILI FAK *****76 EAST/FAR EAST Fd A LCI fflWICf m JEDOAH (LCL) TO irtrwn »>!.!»■ >v NEW GENCORD H LATTAKIA BENGHAZI ALCIER TRIPOLI ALEXANDRIA PORT SAID. PIRAEUS. CASABLANCA lINMASOL VALETTA ADEN DJIBOUTI m/mm fci lcl samcc USE!
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  • Page 29 Advertisements
    • 886 29 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE LTD FE EU/AUST TP A/St A Q«n«ral Enquiries: T«l: *****77 Terminal CFS BOOKINGS *****53 *****2 *****27 *****53 77*111 *****14 77*111 27*141 NEPLINE SON. BHD. KBK7 NEPLINE SDN. BHD. *****33 ENQUIRIES *****44 NEPLINE SDN. BHD 620D1V627Mtyt27«61/627f(2 NEPLINE SDN. BHD. amzmi -TO EUROPE/UK (VIA SUEZ):
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    • 488 29 HEUNGA SHIPPING Korean Flag Vessels OOMAM SEMI-CONTAINERISED DIRECT SERVICE TO KELANG, PENANG. KEELUNG, BUSAN. INCHON STRAITS/KOREA SERVICE WEF JUNE--1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE SERVICE!! Vessel s Name ETD BS S PORE PKELANC KEE BUSAN MOJI Gloria,'Bo7N 04 08 16 18 08 19 20 08 28-28/08 02
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    • 957 29 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 ***** WANG P. KELANG MESSRS HAI THONG SHIPPING 127 Penang Street. Penang. Malaysia M S HANDLING SYSTEM CO
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  • Page 30 Advertisements
    • 298 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines) FAX *****39/*****76 TtLEX RS ***** A/B SSCMA. RS ***** A B SSCAD r DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK < 1^ INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -Vl* LARNACA: ACCEPTING CARGO FOR LIMASSOL. BEIRUT.
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    • 88 30 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH fIXED DAY ARRIVAL SHOFUKU OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. SOVEREIGN ACCORD VI2 ETA SIN 15/S/S8 I KAOSHIUNG 4 DAYS KEELUNG 5 DAYS I S PORE I— J TOKYO 6 DAYS SHIMIZU 9 DAYS NAGOYA 10 DAYS KOBE 11 DAYS SHOFUKU AGENCIES
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  • Page 31 Advertisements
    • 1606 31 CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fax: *****61 LCL FIXED CONSOLIDATION T li'iMiWaillM S pore to USA (ALL PORTS) (LCL) ETD 16.8.88 S pore to Auckland (LCL) ETD 22.8.88 S'pore to Antwerp (LCL) ETD 14.8.88 S'pore to Copenhagen (LCL) ETD 14.8.88 S'pore to Fremantle (LCL) ETD 14.8.88
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    • 256 31 71 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 pTi IRAQI LINE l **O l f isf »0* ■4HITIBJ MV SINDBAO EAST BOUND SERVICE ETA S PORE LOADING FOR Japan WEST BOUND SERVICE Ml/ A. ui riTTi s PORE LOADING FOR ALWASITTI 20/8 Jeddah. Aqaba.
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  • Page 32 Advertisements
    • 350 32 I// Hai Sun Hup Co (Pte) 1 U_L t EL ??***** 120 Lmesi TLX HS ***** KRS ***** fc. i \si i K\ \k i I\l k i) STRAITS/ JAPAN/ STRAITS SERVICE PECIALIST IN RO-R0 HEAVY LIFTS Moji •Subject to cargo inducement MOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN
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    • 231 32 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE VSL Spore LeHavre Connecting VSL SELANDIA VZ72 IS/I l/» STUTTGART EXP. TOYAMA V2C Oft PERMAI V2V »1 OUSSELOOMF EXP NUERNBERC EXP. For: Halifax. Montreal. Toronto. New York. Baltimore. Portsmouth. Norfolk. Savannah Also serving GULF Miami. Mobile. New Orleans. Houston/Me «ico Vera Cruz.
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    • 201 32 ULTIMATE FREIGHT SERVICES PTE LTD Tot: *****11 Tte: 4)403 Fas: *****02 WMkly LCL acctptenct to AUSTRALIA .11 port. NZ all ports HK inddg China BANGKOK incMg Laos EUROPE all maior ports USA CANADA all ports inddg China inddg Laos all major ports Soattio, Portland, LA, SFO ft major ports Edmonton,
      201 words
    • 591 32 DM CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE i.niVMI *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 TO EUROPE FEEDCR SINGAPORE LEHARVE Li'llH.i'V 'II 'l!M rr7i TT7' rrr? rim OTHER DESTINATIONS AARHUS. AMSTERDAM. ANTWERP, BASLE BREMEN BREMER
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  • Page 32 Miscellaneous
    • 173 32 Regional Weather 1 r i *5 r: s i 9 > SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AM. August 11, 19S8 c O Wnd (Weetoo with speed m knots Wo»e height LEGEND R Thunderstorm Temperatiee y Shower Weother Wind dtecMn with speed «i knots Rom V^/ Cloudy Sky Wov
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