The Business Times, 18 August 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, AUGUST 18, 1988 75 CENTS
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  • 244 1 AP Dow Jones up WALL STREET stocks rose marginally yesterday morning in moderate trading, boosted by heavy dividend-related activity. The Dow Jones Industrial Average was up 4.09 points to 2,025.60 in the first hour of trading. AP Footsie up LONDON share prices were mixed in lacklustre trading
    AP  -  244 words
  • 219 1 SHARE PRICES in Singapore yesterday closed mixed after a firm opening. Dealers said uncertainty over the longer term reaction to the disappointing US trade deficit kept many investors on the sidelines. The overnight rise in the Dow Jones Industrial Index despite a larger US
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  • 92 1 THE US DOLLAR rose sharply during early trading in London yesterday, after recouping its Tuesday losses following news of a wider-than-expected US trade deficit. The greenback recovered during late trading in New York on Tuesday and was firm in Tokyo yesterday after US
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  • 366 1  -  -by LISA LEE UNITED INDUSTRIAL Corporation (UIC) and its property subsidiary First Capital Corporation (FCC), which are hitting the headlines with their shrewd property deals, have revealed disappointing sets of half-time results. UIC attributed depressed coffee prices for the more than two-third drop in
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  • 623 1  -  By FOO CHOY PENG THE PEOPLE'S Action Party will seek, on Sep 3, the mandate of Singaporeans to govern for its eighth successive term since 1959. Next Wednesday is Nomination Day, giving political parties contesting the General Election nine days to campaign,
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  • 563 1  -  UIC buys The Paragon and sells The Promenade By LEE HAN SHIH,LISA LEE LISTED UNITED Industrial Corporation has pulled off the biggest property transaction of the decade with a back-to-back agreement to sell The Promenade along Orchard Road for $155 million and buy The Paragon
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  • 164 1 Agencies PAKISTANI President Mohammad Zia ul-Haq was killed in a plane crash yesterday, Radio Pakistan announced. The official radio said all 37 passengers on the plane were also killed including US ambassador Arnold Raphael, the head of the Pakistani armed forces, General Akhtar Abdul Rahman,
    Agencies  -  164 words
  • 495 1 JURONG SHIPYARD Limited (JSL) is close to signing a few deals worth about US$5O million, one of which involves a shipbuilding project for a Russian company. It is also expected to announce a set of sparkling interim results. Industry sources said JSL had secured
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  • Page 1 Advertisements
    • 226 1 Cassette Receiver K2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore Phone *****33 Kuala Lumpur: Phone *****33 Penang Phone *****5 *****1 Jakarta Phone *****5 Full report, PAGE 16 Regional Mkts, PAGE IS World Mtcta, PAGE 19 World gold markets shrug off US trad* data, PAGE 6 Kay Fad panal maats
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    • 251 1 Editorial Comment: 10 US polls: Time for gut issues One Man's View 10 Are we a nation yet? The Soviets are going 11 Question mark over Afghan future Home News: 2,3 New Raffles Hotel complex to cost less; BP unveils credit card Advertising A Marketing 3 Kao concept; new magazines
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    • 6 1 Th« new PAP candkJatM, BACK PAGE
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    • 165 1 Forget your Savings passbook This card is all you'll need. Vgfhnk •-mJ Hongkongßank Statement Savings Account Enjoy all the benefits of our Savings Account without the necessity for a passbook! With just this card, you can: Withdraw and deposit any amount over the counter at all Hongkongßank branches in Singapore.
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  • HOME NEWS
    • 488 2  -  Revised design will reduce development cost by $1 Om By TONG SUIT CHEE A THREE-STOREY shopping cum entertainment complex built in conjunction with the historic Raffles Hotel redevelopment will get underway early next year at a lower revised cost of about $100 million.
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    • 135 2 THE PACIFIC Asia Travel Association (Pata) will present a twoday forum on tourism research, at the Marina Mandarin Hotel on Sep 5 and 6. Participants are expected to include research professionals involved in the collection, communication and management of travel and tourism data,
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    • 397 2 LOWER COMPUTERISATION costs shouid encourage more small and medium-sized enterprises (SMEs) in the manufacturing sector to sharpen their competitive edge through the use of information technology. This view was emphasised yesterday by the general manager of the National Computer Board, Mr
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    • 232 2 THE MINISTRY of Education's ''School-link" computer network is being extended to primary schools in a final hook-up that will computerise all schools. Speaking at the IBM sth annual Asia-Pacific Education Executive Conference yesterday, the general manager of the National Computer Board. Mr Lim Swee
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    • 66 2 FOOD MANUFACTURERS and suppliers from Singapore will take part in an exhibition, "Focus in Osaka", in Japan from Sep 1 to 3. There will be seven local companies among 53 taking part in the "Focus ASEAN in Osaka" programme. The Asean participants will promote products which are
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    • 433 2  -  By LILIAN ANG THE BATTLE between oil companies for a greater share of the local retail market has taken a new dimension motorists now have a choice of petrol credit cards in addition to the enticement of free gifts. Following Mobil's $2
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    • 210 2 HIROBHI HIRAKAWA has joined NEC Singapore Pte Ltd as managing director. Mr Hirakawa. 47, has 15 years' experience in the marketing of computer and communications products. He has been with NEC Corporation for 24 years and has worked in the company's offices in the Middle East, South
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  • Page 2 Advertisements
    • 435 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day If you think were being tough on Freddy, dont worry. on the evening's guests and their requirements. Anyone may make to make suggestions from the menu or recommend an aperitif, He's come a long way since joining us four months
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  • ADVERTISING & MARKETING
    • 569 3  -  By MONICA GWEE THREE new magazine titles are being launched close to one another in apparent optimism over advertising dollars in the print media. A men's magazine, Adonis, launched in July, will be followed by women's magazine Singapore Eve in September and a quarterly
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    • 488 3  -  By GENEVIEVE CUA TOILETRIES and detergents appear to be far removed from social or commercial subjects, such as why few local beauty queens have won international titles or how entrepreneur Cecilia Chng started her beauty salon Faceworks. But these subjects are
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    • 183 3 THE TAI WAH Group intends to revive the Payot skin care range to carve out a larger share of the cosmetics and toiletries market worth an estimated $273 million. Payot, an established French brand, has been in Singapore for 30 years but had
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    • COPY LINES
      • 74 3 THE DIRECT MARKETING Association of Singapore (DMAS) is conducting a seminar in conjunction with the Singapore Institute of Management on the principles and methods of direct marketing. "What you should know about direct marketing" will also include a look at Teleview, the latest electronic direct marketing
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      • 196 3 SHANDWICK PLC, the world s largest independent PR consultancy, has announced a major expansion of its international network with the acquisition of another five consultancies. In a series of independent deals, the London-based firm has acquired IPR Australia, the country's largest PR company, IPR New Zealand, Hi-Tech
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  • Page 3 Advertisements
    • 201 3 ■***************91 EBBBBBBBBBBBISIIIS r *****8811 Competitive Rates! i H I p U life Credit POSB. The most affordable way to own your home. We have revised our rates downwards to give you the most affordable home financing package ever. No frills. No strings attached. No catches. Just the most practical and
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    • 285 3 Some very auspicious numbers that'll save you money at the new Brother Showroom. August is a very special month for us. It marks the opening of our new Showroom in GSM Building, at Middle Road. And we are celebrating it with fabulous price discounts on every one of our famous
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  • ASIA-PACIFIC
    • 427 4 AP ISRAELI TRADE and Industry Minister Ariel Sharon has said Israel should immediately annex parts of the Arab territory it occupies. But the rival Labor Party announced election platform changes to emphasise peace talks with the Palestinians. Both developments were triggered by the
      AP  -  427 words
    • 266 4 NYT THE Palestine Liberation Organisation is wrestling with a plan for Yasser Arafat to declare a provisional government explicitly recognising Israel, say Palestinian officials in Cairo. According to a proposed sequence of events circulating in Palestinian political circles, the move would be announced by
      NYT  -  266 words
    • 192 4 Reuter THE UNITED NATIONS said on Tuesday it was satisfied that the withdrawal of Soviet troops from Afghanistan had been proceeding in compliance with last April's UN-sponsored Geneva accords. It also expressed thanks to the Afghan and Soviet governments for their "continued assistance
      Reuter  -  192 words
    • 389 4 FT FEARS that the rapid growth of the Japanese economy might be fuelling inflation were reinforced on Tuesday by the publication of figures showing increases in industrial output, prices and the money supply. Revised figures for industrial production in June showed output rose
      FT  -  389 words
    • 217 4 AP US COMPANIES are "slow and lazy" in their export policy, a South Korean trade commissioner told a trade development club in Columbus. Ohio. But Young-il Sunwoo, director of the Korea Trade Center in Chicago, praised the Japanese as being aggressive exporters
      AP  -  217 words
    • 915 4 ARRIVALS Operator Sorvfc. Local From number Hmo GU GA)217 0010 SUI SA SQ11 0040 LAX/NtT UAL UA805 0045 SFO/MKG FT FT15 0158 TPf G4A GA3121 0220 MLP IAC ICS55 0655 MAA SU SQ411 0800 tOM MAS MH640 0820 Km MAS MM651 0910 PEN MAS MH607 0920 Km
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  • Page 4 Advertisements
    • 475 4 Th« Soviets arc going, PAGE 11 Good ideas keep coming up YOUR WORK NEVER STOPS WITH SHARP LAPTOPS. EMS Rechargeable DC operation. For "Real ttme" computing power anywhere in the world with no loss in efficiency. EL Backlit Supertwist LCD. With picture resolution of 640 x 200 pixels for CGA
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    • 61 4 r I IAA irnr\ The business person's choice, every I I II I I Tuesday, Thursdoy, Soturdoy and I 1 II II \l I 1 I Sunday. Leaving Chongi Airport at t JL 1 A 22:05 hours and arriving at Lester B. Rearson International Airport the following day Coll your
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  • REST OF THE WORLD
    • 331 5 Reuter UK CHANCELLOR of the Exchequer Wfgel Lawson said the UK economy is generally on track and renewed hte pledge to continue to fight inflation. Speaking on BBC Radio Leicester, Mr Lawson played down Monday's £5.29 billion fall in share prices on the London
      Reuter  -  331 words
    • 183 5 Reuter THE OECD has warned Britain to beware of inflation, saying it must cool a consumer spending boom with higher taxes if necessary. The Organisation for Economic Cooperation and Development yesterday issued a report on Britain's economy, which has been expanding for eight years. It
      Reuter  -  183 words
    • 629 5 Agencies US VICE-PRESIDENT George Bush's choice of Indiana Senator Daniel Quayle as his running mate adds youth to the Republican ticket and suggests that personal compatibility may have been the top consideration in the selection. Mr Quayle, a relatively unknown senator, who
      Agencies  -  629 words
    • 182 5 Agencies THE UNITED STATES. France and Britain were the world's leading arms spenders last year, the Sipri annual report said yesterday. The publicly funded Stockholm International Peace Research Institute (Sipri) was not able to obtain budget figures for the Soviet Union,
      Agencies  -  182 words
  • Page 5 Advertisements
  • Page 5 Miscellaneous

  • COMMODITIES
    • 285 6 Reuter WORLD GOLD MARKETS have shrugged off the impact of a larger-than-expected US June trade deficit in sluggish summer holiday trading conditions. Gold in London initially firmed by more than US$2 an ounce on Tuesday when news of the widening trade deficit
      Reuter  -  285 words
    • 531 6 MALAYSIAN CRUDE PALM OIL FUTURES recovered yesterday to close off the day's lows on short-covering and some speculative buying interest, aided by a smaller-than-expected rise in July output, according to figures released by the Palm Oil Registration and Licensing Authority, dealers said. But the recovery was restricted by
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    • 79 6 PLAYERS saw little impetus to trade yesterday Closing prices for crude (FOB origin) US$/borr*l Chang* Topis (S*p) 14.90 undi Minos (Aug) 14.30 +0.t5 Duboi (S*p) 12.95 -0.17 W*t» T**os lnf#nwdiot# WTI <s*pr 15.50 -0.11 N*w York dot* previous day. Products (FOB S'pore) USS/borrd Chang* K*ros*n* 18.30 +0.05
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    • 185 6 THE PRICE OF TIN on the Kuala Lumpur Tin Markat (KLTM) increased five canta to M 519.33 par kg yesterday amid continued small offerings, dealers aald. They said European and local Interesta took up tha 41 tonnaa offered, In spite of KLTM'a premium of £90 par tonne over
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    • 379 6 HONGKONG: The metal closed barely changed yesterday in quiet trading after light selling by local and overseas investors in the afternoon session. Selling pressure was strong in the morning session because the US dollar held steady in the local market in spite of a larger-than-expected U5512.54 billion June
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    • 226 6 SINGAPORE Prices closed slightly lower yesterday with September RSS One buyer quoted at 250.50 cents a kg. down half a cent from Tuesday's close. Prices were slightly down at the outset following Tuesday's after-hour easiness Thereafter, prices moved within narrow ranges in quiet morning trading with operators generally keeping
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    • 284 6 RAS prices In S c*nt*/kg, FOB in teto NOON CLOSE Buyers Setien Buyers Sellers Wit 1 RSS Prompt 251.00 252.00N 250.50 251 JON Wit 1 RSS Sep 88 251.00 252.00N 250JO 251 JON Wit 1 RSS Oct 253.00 254.00N 252JO 253JON Int 2 RSS OP 248.00 250.00N
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    • 79 6 (canti/kg) SEPTEMBER 1988 OCTOBER 1988 (currant month) (forward month) RAS NOON NOON *uy»r» S*Nan luytn SS* 20 221.00 223.00N 221.00 223.00N SSR SO 219.00 221.00N 219.00 221.00N MRELB ftuy*r> r -m Jt'tn l n»ri SM* CV 410.00 412.00N 412.00 414.00N SMf L 410.00 412.00N 412.00 4.4.00N SMI
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    • 233 6 Chinese Produce FOB Asta NLW 515.00 No 2 (smoNhotders) 85.00 Parboiled Rice Exchange Coffee 375.00 325.00 340.00 Bangkok 5% 10* 303 298 S*!l*rs' noon doting prices on Aug 17 (S$/100 kg) Coconut oil API FOB NSW AP2 FOB NSW EK1 FOB NSW Robmta 20/25% Closing prices on Auj
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    • 308 6 London Dec 237.0/240.0 Oct/Nov 605slr (635slr) (347/348) Commodity High/Low Nov/Dec 615slr (645sir) 3-moirths 361/362 Sales (4724) Dec/Jon 630slr (655slr) (352/353) Exchange Buyer/Seller closing prices on Aug 16 (£/tonne unless Raw No 6 OF No 6 FOB White No 5 Oil* (US$/tonn« Palm oil M'sion c OF UK/Rotterdoi 290.0
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    • 192 6 SOYBEAN FUTURES on the Chicago Board of Trade eased from early highs to close mostly lower on Tuesday, ranging from down 21% US cents a bushel in spot to up five in distant August. November settled at U558.79% after posting a 28-cent range. New crop values showed early strength
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    • 177 6 WHEAT FUTURES on the Chicago Board of Trade closed down to 4% US cents per bushel in moderately light trade on Tuesday. with September settling at USS3.9OV4 after posting a seven-cent range on the day. A report that the USDA rejected Egypt's bid for export bonus soft wheat and
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  • Page 6 Advertisements
    • 343 6 Toshiba Printers. What you see... You'll see the kind of technology that's made Toshiba number one in laptop computers, faxes and paper handling With a multi-strike iihlniii W (not just fabric like the others) so you can print onto transparencies as well as paper. And, right upfront, an intelligent, computer-style
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  • Page 7 Advertisements
    • 322 7 y.- V V v '<» x v v -J .-.V\ 1> '< r \y^;4£*&*• ff 'jfaj&b- ov ER.L AM D u. 5 MAIL «K V _«"V- s ffV •>• a I llill. -h ~.-> f OV/ERLAWD 0 5 WAII P~ ?»F i?r7 < V r T 1'ffiM I X a
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  • MONEY AND EXCHANGES
    • 362 8 Asian dollar deposit rates opened mixed yesterday in thin trading, with shortdates showing a softer trend while period rates were steady to slightly higher The larger-than-expec-ted US June trade deticit of U5512.54 billion did not have much impact as it was offset by a revised May shortfall
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    • 1390 8 SINGAPORE: The US dollar yesterday closed slightly firmer against most major currencies. Against the Singapore dollar, the US unit closed higher at $2.0385/95 in thin trading. It traded within a range of $2.0382 and $2.0393 after opening at $2.0380/90 The greenback recovered in moderate late trading to close
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    • 179 8 Indicates the average of the prime lending ratee of 12 majof banks in S'pore Interbank market rates (offer/bid) on Aug 17 us$ DM SWFC Y«n doyi e 3/8 1/4 10 3/16 3/16 5 4 7/8 3 1/2 1/4 4 1/4 1/8 mm 1 3/1- 1/4 II 1/8
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    • 70 8 THE OVERNIGHT rate on the Singapore money market rose 1/4 point yesterday to end at 4 per cent. The one-month term rate fell by 1/16 point while the two and three-months fell by 1/8 each. S$ Interbank rates at the close yesterday: Of Ft* »ID Ovtfnight 4 3
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    • 115 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity RID OFFER HIGH LOW 3 months BQ*****X 17.11.88 4.10 4.05 4.15 3.95 6 months BY*****T 24.11.88 4.10 4.05 4.07 4.02 1 yeor BY*****S 20.07.89 4.60 4.55 4.57 4.57 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • 184 8 Gold futures on Aug 16, 100 troy ounces. USS per troy ounce Open Hlgfc Low SMI* Aug 435.50 435.50 428.50 428.90 -4.10 S •P ***** 434.50 434.00 430.50 -4.10 Oct 434.50 440.50 432.20 433.00 -4.10 Dec 443.00 445.70 437.80 438.80 -4.10 Feb 449.30 449.70 444.00 444.80 -4.10
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    • 512 8 SEPTEMBER Eurodollar futures on the Simex opened three ticks higher yesterday than the previous close at 91.25 following the downward revision in the US May trade deficit to U559.76 billion after a large June figure of U5512.54 billion. As a result of the revision, prices edged higher on short-covering
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    • 1523 8 CURRENCY FUTURES OPTIONS Wednesday, Aug 17, 1988 DEUTSCHEMARK (SIMEX) 1 High top 88 caHs Low Salt 1 High lop 88 pwl* Low Sett SO S3 53 54 55 56 57 58 59 63 63A 3IA ISA 63 27 11 2 338 708 1338 3181 3118 393 4 36 74
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    • 256 8 Reuter CURRENCY FUTURES on the IMM ended lower on Tuesday and slightly above session lows after falling in hectic trading. "The selling reached panic proportions, 1 said one trader. The market's fall began near midday as European markets closed. Players reassessed the June US trade report and began to
      Reuter  -  256 words
  • Page 8 Advertisements
    • 93 8 GIIAND CARPET AUCTION presented by Edmund and Shukor > A T- i Sunday, Aug 21,1988 Grand Ballroom Hilton International Singapore Viewing 10am Ipm Auction Sale: 2pm 5.30pm 100 selected pieces from Persia, Afghanistan and Pakistan including interesting tribal pieces. All lots are guaranteed and backed by a full trade-in value
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  • BANKING AND FINANCE
    • 557 9 Reuter THE FEDERAL Open Market Committee (FOMC), the US central bank's key policymaking group, met on Tuesday as new evidence emerged of inflationary pressures and an upturn in the country's vexing trade deficit. While results of the meeting, where the group sifted
      Reuter  -  557 words
    • 344 9 Reuter THE LARGER-THAN-EXPECTED American trade deficit for June has left currency dealers divided about the dollar s outlook after its rebound this year from record lows. "The dollar has to come down gradually," said a chief dealer at a major New York bank.
      Reuter  -  344 words
    • 312 9  -  By ROSIE TAN OFFSHORE BANK Credit Du Nord is arranging a US$lO million financing package for a US company, one of the few if not the first American company to raise funds from the Singapore offshore market. The company. Asia Oceanic Capital Corp. is
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    • 423 9 Reuter STANDARD CHARTERED PLC. which reported halfyear pre-tax profit of £156 million as against a loss of £224 million a year earlier, has decided against making a massive cash call. But in a statement accompanying its results, chairman Sir Peter Graham said there was a
      Reuter  -  423 words
    • 154 9 Reuter VENEZUELAN officials have met US bankers in New York to explain the country's financing problems and to explore fresh funding possibilities. The talks with some US institutions on the bank advisory committee were held by Finance Minister Hector Hurtado. central bank president
      Reuter  -  154 words
    • 482 9 Bernama BANK NEGARA s move to set up a Bureau for Monitoring Cheques (BMC) will be sufficient deterrent against the issuance of bad cheques by account holders. a banker said in Kuala Lumpur yesterday The director and senior general manager (operations) of Malayan Banking Bhd,
      Bernama  -  482 words
    • 446 9 Bernama DEPOSITS placed with the Malaysian banking system declined by MS 142 billion or 1.8 per cent in April while loans expanded by Ms49o million or 0.7 per cent. Bank Negara. in its review of monetary and banking developments in April, said this resulted
      Bernama  -  446 words
  • Page 9 Advertisements
    • 271 9 MEET WITH SUCCESS AT LE MERIDIEN SINGAPOUR CHANGI A u\\W' For your conference or meeting away from the hectic pace and interruptions of the city, look no further and meet at Le Meridien in Changi. With a choice of elegantly-designed function rooms, each equipped with m<xlern facilities, leave all your
      271 words
    • 233 9 HOME MULTICOVER; THE BLANKET POLICY THAT COMES WITH m W ?<, A BLANKET Are you already paying $200 or more in premiums to protect your home? If you are, Norwich Winterthur Insurance has got a blanket policy that will really cover you because our Home Multicover policies now come with
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  • PERSPECTIVE
    • 508 10 US polls time for gut issues POLL WATCHERS can start placing their bets on the US presidential election. All the contenders are now in the ring. After weeks of speculation nearly all of it wrong GOP hopeful George Bush has selected the Robert Redford-lookalike senator from Indiana as his running
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    • 1479 10  -  ONE MAN'sVIEW By SEAH CHIANG NEE AFTER LIVING through the most stirring of all National Days since independence and an explosion of nationalistic feelings, a question remains on the lips of many Singaporeans: "After 23 years, can Singapore be considered a nation?" "No," say those
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    • 951 10  -  By STEVEN BELL The author is chief economist at Morgan Grenfell. FT UNDERLYING the headlines row between Mrs Margaret Thatcher, the British Prime Minister, and Mr Nigel Lawson, her Chancellor, is a major budget forecasting error. Just a few weeks ago.
      FT  -  951 words
    • 2038 11  -  Soviet troops are pulling out of Afghanistan, leaving behind a country with a beleaguered Marxist government. Few would question the Soviets' sincerity to return home, but a massive question mark hangs over the future of the Afghan government and, indeed, the nation. HARISH MEHTA of the
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    • 923 11 Asia determined to boost image in eyes of Western trade partners Reuter FROM ROLEX watches to Mickey Mouse, South-east Asia is cracking down on counterfeiters and, for the first time, the tourists who keep them in business. The counterfeit clampdown is a determined bid to boost Asia's
      Reuter  -  923 words
  • Page 10 Advertisements
    • 376 10 ■'Li BALI HYATT *3 <: w When it comes to organising an efficient conference, we're all over the place. The last thing you need when you set up an important conference, is to be let down by inadequate service or amenities. At Hyatt Hotels and Resorts, banish the thought. Because
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  • Page 10 Miscellaneous


  • LEISURE
    • 571 12  -  WORKS OF ART When is a bank more than just a bank? Drop by Deutsche Bank and you just might get a clue. CHARLES SAVAGE did and was treated to a visual feast of art. And there was more to see than just
      571 words
    • 977 13  -  Controversy seems to dog author James Joyce and kin. A recent outburst by his grandson has raised questions about the legal rights and ethical responsibilities of biographers, scholars and literary heirs. CARYN JAMES tries looking for some answers. CARYN JAMES NYT IT SOUNDED like a literary scholar's
      NYT  -  977 words
  • Page 12 Advertisements
    • 904 12 Where to entert Cafe Boulevard leads you to 'Hawkerlane' specialities. t)ishes that gourmets normally search for in Singapore's streets. From August Ist 31st, all you've searched for will he available at Cute Boulevard, a la carte. Select from: I'dang Sambal Curry Fish Head Nasi Goreng Istimewa Ayam Perchik Hainanese Chicken
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    • 205 12 The Matterhorn bedmsl Savour the works of Swiss masters at the Belvedere. In our month-long fair stretching from August 1-31. With Jellied trout, Rindsroellschen, Fresh oysters, Sauerkraut swiss style, Fbndue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at just $31 for adults
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  • Page 13 Advertisements
    • 248 13 Pit 4-. "Cucina Deliziosa!" Delightful Italian Flavours August 19 28 The best of Italian regional cuisine comes your way at our Italian Food Festival From the people whose love of good tooa is matched only by their zest foe the good Hte. it wHI be a •east indeed Savour such
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    • 20 13 y/, a zm m m i i z 7 I V J. Vs. y QUALITY GUARANTEED m THE SUPERB SCOTCH
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  • Page 13 Miscellaneous
    • 640 13 TOjHJMjaa easassaoij® CRYPTIC PUZZLE ACROSS 1 Go round endlessly (6) 7 Also somebody's islands (8) 8 Buy us a copy from favouritism (4) 10 Like an Apache style cough? (6) 11 Remain wrecked at sea (6) 14 Shelter from undesirable exposure (3) 16 Might his crab be dressed in red,
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    • 41 13 Wtffieoaaaa Kiri: the voice and the face 4S z mm Hpakn I ft as tm m •m sm n mm Ml 9 m m H# wm KW s Im m to to W .00 nitws icon Top itline. 11 Hine (coot'
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  • SPORTS
    • 948 14 NYT FOR THE LAST FIVE YEARS, Tracy Austin has been on the outside of women's tennis looking in, waiting for the chance to answer the sceptics who said she would never play competitively again. Ever since a chronic back
      NYT  -  948 words
    • 176 14 AP TENNIS STAR Chris Evert says she may retire this year if she wins another major event. In an interview published in the September issue of the US magazine, Esquire, the 33-year-old favourite of the courts said, "I'm going to play out
      AP  -  176 words
    • 240 14 Reuter MARTINA NAVRATILOVA, playing in her first tournament since losing her Wimbledon title to world No. 1 Steffi Graf, cruised into the third round of the Canadian Open women's championship in Montreal on Tuesday. Navratilova played some nervous and tentative tennis early in the match but
      Reuter  -  240 words
    • 249 14 Reuter ANDRE AGASSI scored a satisfying win against an old rival, but fellow American Paul Annacone saw his game fall apart against Australia's Simon Youl at the New Jersey Cup men's tennis championship on Tuesday. Agassi, the 18-year-old rising American star who is ranked fourth
      Reuter  -  249 words
    • 426 14 AP SECOND-SEEDED Mats Wilander and third-seeded Jimmy Connors advanced to the second round, but three other seeded players failed in the first round of the U*****,500 Association of Tennis Professionals championship in Ohio. Connors defeated Dan Cassidy 6-4, 6-1 in the first of
      AP  -  426 words
    • 395 14 AP JEFF SLUMAN got a break in the pairings for the first round of the US$l million International Golf Tournament in Colorado. "I don't play until Thursday, and that's a real good break for me," the new PGA champion said on Tuesday.
      AP  -  395 words
    • 139 14 AP SHADY HEIGHTS, a four-year-old ridden by Willie Carson, was awarded first place on Tuesday in a controversial International Stakes in Yotk, England, after first-past-the-post Persian Heights was disqualified. Persian Heights, an 11-to-4 shot, was adjudged to have hampered Indian Skimmer, ridden by American jockey
      AP  -  139 words
    • 188 14 AP JOE "TIGER JOE" Walcott, a boxer and trainer who trained three world heavyweight champions, died last Sunday. He was 85. Walcott. a lightweight, boxed about 200 fights before he became a trainer in the *****. He trained American Joe Frazier early in Frazier's career, Ernie
      AP  -  188 words
    • 197 14 Bernama THE BADMINTON Association of Malaysia (BAM) will set up a full-time secretariat to upgrade the standard of the game in the country and to make preparations for the 1992 Olympics in Barcelona. The association will revamp its organisation into three divisions finance. administration,
      Bernama  -  197 words
  • Page 14 Advertisements
    • 146 14 Frankly Spaaklng has baan ha kl ovar Tf -■v a\te#ty oo£---JS?-:.-. -l-ssSssSS. 7neV^ et S-OV 60 #>«**•. -—*\m rs ert dob 1 ,we"« •"'"flub®' 1 1 A.«s» lut>,S^>t«,s <n b>, \r#^ lbC 4 *aV l fhe a e^p<oc w P tJC W ,W *<^ h W ai Me> uit^Tl Art*'"
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  • COMPANY NEWS
    • 683 15 worn §s By HOCK LOCK SIEW SHREWD operators as they are. the Hongkong Lau brothers must be terribly naive if they believe they can make a bid for construction firm Paul Y at the giveaway price of HK$2.lO a share. It looks almost as if the
      By HOCK LOCK SIEW  -  683 words
    • 337 15  -  By ROSIE TAN LOWER INCOME from investment dealing has dragged down interim profits at Haw Par Brothers International Ltd. The international trading group yesterday reported a 22 per cent fall in after-tax profits to $11.12 million for the six months ended June 1988 compared
      337 words
    • 379 15 HIGH INTEREST EXPENSE and continuing losses from its 25 per cent stake in Marina Mandarin kept United Overseas Land Ltd in the red at half time. Losses, however, were sharply reduced. UOL, a member of the United Overseas Bank (UOB) group, yesterday reported
      379 words
    • COMPANY BRIEFS
      • 105 15 SEMBAWANG ENGINEERING and its new Chinese consortium partners have clinched their first major contract worth $10m to build a drilling/workover rig to be used in China. The contract for the 700-tonne structure was awarded by ACT Operating Group, an international joint venture comprising Agip,
        105 words
      • 100 15 GOODWOOD PARK HOTEL Ltd and Central Properties Ltd, replying to queries from the SES, said the bulk of the $150 m deposit repaid by the National Bank of Brunei recently had been placed on term deposits with American Express Bank, Standard Chartered
        100 words
      • 193 15 UMW CORPORATION Bhd, reporting results for the first time as a newly-reconstructed group, has achieved a small after-tax profit of M 5184,000 on turnover of M5173.77m for the six months ended June 30. 1988 The group is still losing money at the operating level
        193 words
      • 30 15 CITY DEVELOPMENTS Ltd, replying to queries from the SES, said it has not contemplated the acquisition of First Capital Corporation as reported in the press.
        30 words
    • 561 15  -  By CORRINA LIM THE STOCK EXCHANGE of Singapore has reversed its decision announced just two days ago to allow the listing and quotation of Hotel Properties Ltd's $70 million bond issue with warrants. They are supposed to begin trading today. But in a
      561 words
    • 425 15 DBS LAND has turned in a set of disappointing interim results, but promised that performance would pick up for the second half of the year. This was partly because a number of profitable deals, entered into earlier in the year,
      425 words
  • Page 15 Advertisements
    • 64 15 Results of tender for taxable book-entry Government Bond 1988 due 1 September 1990 to be issued on 19 AUGUST 1988. Tenor Amount Offered Allotted Amount Applied Interest/Coupon Rate Average Yield Price on Allotment Cut-off Yield and Price Percentage of applications at cut-off allotted Issue Code approx. 2 years *****,000,000 *****,750,000
      64 words
    • 270 15 How par HAW PAR BROTHERS INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) INTERIM RESULTS 30TH JUNE, 1988 The unaudited results for the six months ended 30th June, 1988 together with the results for the corresponding period in 1987 are shown below: Group Company AFTER CHARGING: Interest on borrowings 1,094
      270 words
  • Page 15 Miscellaneous
    • 41 15 j: wo*/c/tx; /r l^ wss3. <Zlr4Af&&, &or WJ7- oe>£ I SSSr7?S/e£2r&/V 7Z> A %2£S3£?/' r VOU AU. 7V£ //£XT 7& M/M.. 77AST .7 C Cl 2JI by Martell C£V}e£ g££cje/71/ TW3&U&U £>/££-/ Aer&?rt/e' /riV£-&£-.. v-L-i-J IzJS. pg-fK&z/Anov /ese 72r /tje/tg&g... L yu
      41 words

  • STOCK EXCHANGE OF SINGAPORE
    • 39 16 Company OTHERS Hotel Prop Non-renounceable offer by SlMBl of $17 5m HPl Bonds with warrants attached on the basis of $500 Bonds for 1.000 o> HPl shores held at par Ex-date: Aug IS Books dose: Aug 25
      39 words
    • 300 16 to Company RIGHTS ISSUE m A M D B One-for-four $050 per shore s* C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock tor every five ordinary shares held Duta Cons One-for-one $1 10 per share F N Two-for-five S3 00 per share
      300 words
    • 152 16 The UNITED MALACCA RUBBER ESTATES, Berhad: 74th AGM at No BH, Jalan Laksamana Cheng Ho. Malacca, on Saturday, Aug 20. at noon. THE SUNQEI BESI Mines Malaysia Barhad: 12th AGM at the PNB Theatrette. 2nd Floor. Menara PNB, 401 A, Jalan Tun RazaK, ***** Kuala Lumpur, on Monday,
      152 words
    • 318 16 Managers' prices for Aug 18 UOB Management Unifund 097 0 97 Umbond 1 01 1 0314 1; Singapore Unit Trust 1 The Commerce 1 03 1 10 MARA-Bumiputra .The Savings Fund 091 097 First B'putra 660 665 S pore Prog fund 043 047 Second B'putra 598 603 I
      318 words
    • 696 16  -  LONG SHIH ROME DESPITE FIRMER overseas sentiment. share prices in the local market stagnated in dull trading yesterday, bogged down by uncertainties over Wall Street's reaction to the larger-than-expected US trade deficit. After a steady opening, share prices soon lost steam and drifted without
      696 words
  • 5338 16 1969 High Low Tel Code Company Lest Sale orGr*s Dtv Dtv Cvr Qfs rid Net PIE Vol rooo) Day High Low Laet C Buyer Hole jiHir SECTION ONE INDUSTRIAL ft COMMERCIAL 141 85 218 167 135 460 178 350 129 167 177 297 59% 354 555 565
    5,338 words

  • SES/KLSE
    • 3363 17 BEARS tightened their grip on the Kuala Lumpur stock market yesterday and share prices were sent lower for the fifth consecutive session. It initially appeared that the four-day weak spell would be checked when share prices went up in early trading.
      3,363 words
    • 405 17 m TWO OF the region's trading giants Sime Darby Bhd and China Resources Holdings have teamed up with the Bank of East Asia of Hongkong to form a joint venture to promote the exports of their home products. The joint company
      405 words
    • 459 17 Currant Ea Booka Data Total tor Total tar paymani data doM payafcla toyta tarifw Ala* HWg» 6%lbi Aug 30 Sap 9 Sap 26 6% 4% Koto Kowon 5%l Jul 27 Aug 11 Aug 22 5% 20% »«*1un»ol 3% Aug I? Sap 2 S«e 29 7% S% c C
      459 words
    • 579 17 BONDS, LOANS WARRANTS Company bpiry/ COMpOf Conversion period Conversion term lor one ordhtny wtrtl <%) p#ysb4# ■here 4*H Oman Hup Wrts 1991 Anytime on or after Mar 1987 1.6 warrants plus $1.60 cosh until Dec 31. 1991. City Dev tonds 1994 5tt Feb 1 Oty Dev Wrti Aug 1 i
      579 words
  • Page 17 Advertisements

  • REGIONAL MARKETS
    • 409 18 THE' SHUI ON Group in Hongkong is doing what three companies in Singapore 1 are already doing hiving off a profitable diviand seeking a separate listing for the new unit. The property and construction group announced in Hongkong yesterday that it is to spin
      409 words
    • 308 18 AFP A NIPPON STEEL Corp executive who helped negotiate a tie-up with Sankyo Seiki Mfg Co engaged in insider trading by buying Sankyo shares before the agreement was announced, a Tokyo newspaper reported yesterday. The Asahi Shimbun quoted securities industry sources
      AFP  -  308 words
    • 476 18 Tokyo Reuter TOKYO SHARE prices closed higher in robust trade yesterday as investors reacted positively to the calm response of world markets to Tuesday's news of a bigger-tharv-expec-ted US June trade deficit, brokers said. The Nikkei Index closed 282.31 points, or one per cent, higher at 28.176.86.
      Reuter  -  476 words
    • 448 18 Australia Reuter AUSTRALIAN SHARE prices held on to earlier gains to close firm yesterday. brokers said. "The strength in the industrials Just overwhelmed the rest of the market," one broker said. Negative sentiment from lower gold prices and the higher than expected US June trade deficit
      Reuter  -  448 words
    • 1451 18 Hongkong HONGKONG STOCKS closed slightly higher yesterday with thin trading mainly focused on blue chips, brokers said. The Hang Sang Index rose 5.3 points to 2,504.66 and the broader based Hong Kong Index was up 2.97 at 1.712.31. Turnover remained low at HK5506.89 million compared with
      1,451 words
    • 326 18 Reuter SHARE PRICES in Taipei surged across the board yesterday, leaving the weighted index at an all-time high after a record single-day advance, brokers said. The index rose 209.34 points or 2.83 per cent to end at 7,004.25. The previous record was 7.394.91 set on Tuesday. But
      Reuter  -  326 words
    • 152 18 Bangkok Reuter THE SECURITIES Exchange of Thailand Index roee 5.52 points to 448 59 yesterday on a turnover of 4,398,103 shares worth 488.21 million baht. AUG 17 AO Kham Thai Ayudhya InveelmefK Bangkok Agro-ind n n L nk MHT 432 436 100 319 i- 22 ♦a
      Reuter  -  152 words
    • 162 18 Reuter PHILIPPINE shares yesterday dropped in weak trading in the absence of significant news The Manila Stock Exchange's Composite Index closed at 802.46 points, down 1.09 per cent from Tuesday's 811.28. The bourse's combined volume plunged 31 per cent to 488.4 million shares but a slight in-
      Reuter  -  162 words
    • 216 18 Reuter SHARES in Seoul yesterday cloeed lower in active trading as investors took profits following Tuesday's rebound, brokers said. The market started bearish on news that North Korea had rejected the International Olympic Committee's proposal for participating in the Seoul Olympics. "Recent favourite construction shares lost
      Reuter  -  216 words
    • 140 18 Reuter SHARE PRICES in Bombay rose sharply yesterday on heavy buying by state financial institutions, brokers said. They said the institutional support helped erase Tuesday's widespread losses. Brokers said many shares attracted speculative buying in anticipation of substantial institutional demand. Unit Trust of India, a leading investment
      Reuter  -  140 words
  • Page 18 Advertisements
    • 528 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ICENI PRIVATE LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTtpE IS HEREBY GIVEN that at an ExtraordiMeeting of Iceni Private Limited duly convened and held at 111 North Bridge Road #12-01 Peninsula Plaza. Singapore 0617
      528 words
    • 320 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INQUOIS PRIVATE LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Inquois Private Limited duly convened and held at 111 North Bridge Road #12-01 Peninsula Plaza. Singapore
      320 words
    • 360 18 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF MUTUAL HOLIDAYS (PTE) LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 50, that a Final General Meeting of the Members of the
      360 words
    • 158 18 HARBOUR MARINE SERVICES (PRIVATE) LIMITED (Incorporated in Singapore) (Members' Voluntary Wind-Up) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act. Cap. 50. the Final General Meeting of the Company will be held at 38-B Hong Kong Street. Singapore 0105 on 20th September
      158 words
    • 6 18 On target, Chart Point every Saturday
      6 words

  • WORLD MARKETS
    • 769 19 New York Reuter US STOCKS staged a surprising comeback on Tuesday in the face of a big-ger-than-expected June trade deficit report, but analysts said the recovery was based more on technical factors rather than fundamentals. The market, which has been deeply oversold, was due for a rebound,
      Reuter  -  769 words
    • 907 19 London Reuter LONDON SHARE PRICES opened narrowly mixed on low turnover yesterday after Wall Street posted a 17-point rise on Tuesday, despite a wider than anticipated U5512.54 billion June trade deficit. Although encouraged by the New York market s gains, dealers noted the rise was made
      Reuter  -  907 words
    • 1810 19 Reuter ZURICH: Swiss share prices closed higher across the board yesterday in moderate trading after a positive trend on Wall Street and in Tokyo, dealers said. The rebound of the dollar after its weakening in the wake of a bigger-than-expected US June trade deficit also heightened market
      Reuter  -  1,810 words
    • 202 19 FT SOUTH AFRICAN diamond company De Beers has more than doubled interim diamond profits through increased sales and favourable exchange rates. It reported a rise in sales by the Central Selling Organisation (CSO), its marketing arm, to US$2.2 billion (4 69 billion rands) in the
      FT  -  202 words
    • 206 19 Reuter HEWLETT-PACKARD Co will report flat third quarter earnings compared to its«•. second quarter as salee at low gross margin products thrive and minicomputer sales suffer, analysts said. But the Palo Alto. Cali-fornia-based computer and instrument maker will poet earnings about 30
      Reuter  -  206 words
  • Page 19 Advertisements
    • 730 19 umuj Homings BGRHan (Incorporated in Malaysia) INTERIM ANNOUNCEMENT OF RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 1988 The Board of Directors wishes to announce the following unaudited results of the Group and Company for the six months ended 30th June 1988GROUP 1988 $'000 Included in the charge for extraordinary
      730 words

  • 1652 20  -  Party introduces first four new candidates Reports by MARTIN SOONG, CHUANG PECK MING,ANNA TEO THE PEOPLE'S Action Party has picked about 20 new candidates for the General Election in September, after more than three years of extensive search and careful screening. Trade
    1,652 words
  • 279 20 FIVE OPPOSITION PARTIES, including the Barisan Sosialis which has merged with the Workers' Party, last night announced initial plans for the general election. Mr Chiam See Tong, the secre-tary-general of the Singapore Democratic Party and the sole opposition Member of Parliament, said his party would
    279 words
  • 57 20 TWELVE nomination centres have been named for the general election. They are Geylang Methodist Secondary School, Anderson Junior College, Jurong Junior College, Ping Yi Secondary School, Braddell Secondary School, Jin Tai Secondary School, Teck Whye Secondary School, Raffles Institution, East View Secondary School, Victoria School,
    57 words
  • 206 20 TWO COMMITTEES, whose task it is to certify minority candidates for the group representation constituencies. have been set up. The five-member committees will certify who is a Malay, Indian or other ethnic minority for the purpose of contesting the GRCs. Unlike in the single-seat
    206 words
  • 305 20  -  By PAUL GOPAL JOHOR MENTRI BESAR Haji Muhyiddin Yassin yesterday held a meeting with Chinese petty traders in the state capital in support of the ruling Barisan Nasional's candidate, Haji Ma'sud Abdul Rahman, in the Johor Baru parliamentary by-election. The contest for the seat is
    305 words
  • 136 20 Bernama BANK BUMIPUTRA and a group of Malaysian businessmen have teamed up to establish Malaysia's first fully-owned bank abroad. The South East Asian Bank Ltd was launched jointly by Prime Minister Datuk Seri Or Mahathir Mohamad and his Mauritian counterpart. Sir Anerood Jugnauth,
    Bernama  -  136 words
  • 140 20 AFP AUSTRALIAN Foreign Minister Bill Hayden has resigned from the government to become the country's next governor general, Prime Minister Bob Hawke said yesterday. Mr Hawke said in a statement that Britain's Queen Elizabeth II had announced in London Mr Hayden's
    AFP  -  140 words
  • 226 20 AP SOME 3,000 people staged an antigovernment rally in the heart of Rangoon yesterday, the largest demonstration since last week's rioting, an Asian diplomat in the Burmese capital said. The diplomat said the protesters rallied in front of the Rangoon General Hospital, which became
    AP  -  226 words
  • LATE FILE
    • 61 20 AFP EIGHT Thai opposition parties yesterday drafted a letter to King Bhumibol Adulyadej saying the number of ministers in the new government exceeds constitutional limits. Piyanat Watcharaporn, secretary general of Thai Unity Party, said his group and seven others believed the government had violated the
      AFP  -  61 words
    • 51 20 Reuter THE US and the Philippines have adjourned talks on US military bases until next month because the US Ambassador Nicholas Piatt has appointments in Washington. Embassy spokeswoman Mary Carlin Yates said Mr Piatt will leave Manila tomorrow for consultations on the talks and other issues.
      Reuter  -  51 words
    • 49 20 AFP GOVERNMENT-RUN casinos operated by the Philippine ATnusement and Gaming Corp have earned US$l27 million in the past two years. Cabinet Secretary Jose de Jesus said yesterday this compared with US$lO2 million from 1976 to 1986. There are eight government-run casinos in the country. AFP
      AFP  -  49 words
    • 52 20 UPI Pyongyang, signalling a possible reversal of its boycott of the Olympic Games, yesterday agreed to meet Seoul for the first time tomorrow at the truce village of Panmunjom. Pyongyang said it would send a five-member delegation, according to the official (North) Korean central news
      UPI  -  52 words
    • 68 20 Bernama MALAYSIAN Information Minister Oatuk Mohamed Rahmat has reported to police the activities of two groups said to be collecting donations from businessmen in the country and Singapore by using the name of the King and Umno. Deputy OCPD (Crimes) DSP Mohamed Ali Haji Yusof confirmed
      Bernama  -  68 words
  • 54 20 Reuter COMEX GOLO futures traded narrowly mixed yesterday. October gold rose US$O.4O to U*****.40 an ounce. Prices bounced slightly in a technical response to Monday's fall. Silver futures were slightly lower in quiet early dealings, reflecting renewed strength in the US dollar. September silver was 1.00
    Reuter  -  54 words
  • Page 20 Advertisements
    • 158 20 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitchens, elegant one or two bedroom suites right in the heart of (irchard Road. At The Ascott, we take pride in giving our clients their own home. A spacious, private living environment that offers the ultimate in luxury
      158 words
    • 154 20 -t 5^ r M. HHWHiM The Wondrous Splendour of North India. ktrJim* SMrurn rm fM h+r The Beauty of India awaits you Come North to Delhi, where history lives for 5.000 years or more To Agra home of the fabled Taj Mahal, a monument of love and one of the
      154 words

  • SHIPPING TIMES
    • 260 21 Reuter THE ASIA North America Eastbound Rate Agreement (Anera) is to impose a series of port congestion surcharges on shipments in and out of Bangkok. A surcharge of US$l9O per 20-foot and US$25O-US$2BO (according to width) per 40-foot container will be levied on
      Reuter  -  260 words
    • 275 21 Reuter A STATE-OWNED Belfast shipyard has negotiated a productivity deal with workers which it hopes will tempt an Indian tycoon to build the world's largest luxury cruise ship in Northern Ireland. Harland and Wolff chairman John Parker said that
      Reuter  -  275 words
    • PORTSIDES
      • 101 21 AFP JAPAN is to have its first sophisticated ship equipped with Aegis missiles by March 1993. Japanese Defence Agency sources said. The vessel will cost 122.3 billion yen and the ship-to-air missile system will be imported from the United States, they said. Mitsubishi Heavy
        AFP  -  101 words
      • 47 21 Reuter THE PANAMANIAN vessel Sofia N, 7,572 tonnes dw, which had main engine damage was towed to Piraeus, Greece on Aug 13. Lloyds Shipping Intelligence Service reported. It was carrying 5,255 tonnes of colerranite, used in steel production, to Gdynia. Poland Reuter
        Reuter  -  47 words
      • 120 21 Reuter JAPANESE insurance companies have followed London underwriters in cutting Gulf war risk rates by 30-50 per cent, effective Aug 10. Tanker brokers said the premium for ships sailing to and from the Gulf, excluding Iran. Iraq or Kuwait, a usual route for oil shipments,
        Reuter  -  120 words
      • 159 21 AP FOUR PEOPLE were killed and 22 others were missing after two cargo boats sank in separate accidents off the coast of Bali. Indonesian police said. Some of the 26 survivors from the two boats, which sank near each other, were rescued and others
        AP  -  159 words
    • 1020 22 The Norwegian International Ship Register celebrates its first birthday this month. It is still experiencing growing pains as the register tries to develop its own rules. This article from Lloyd's Shipping Economist examines the background to the creation of this new register and its
      1,020 words
    • 797 22 A West Marine X 2 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrans VII 3 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian
      797 words
    • 208 22 Reuter THE LAST load of Italian toxic waste dumped in Nigeria has left the country by ship, the Nigerian Minister in charge of the environment said. Brigadier Mamman Kontagora said that the deep sea carrier, a West German container vessel, left the southern port
      Reuter  -  208 words
    • 549 23  -  By KINGSLEY WOOD IN A MAJOR switch of direction, the government-owned West Australian Stateships has contracted to charter two new Chinese-built ships. One is already en route to Fremantle and expected in a few days. Delivery of the second is scheduled for November
      549 words
    • 263 23 ALL SURVEYS were conducted on Aug 1. Argentina Buenos Aires 40 vessels operating; waiting time of up to three days. Bahia Blanca Normal operation. Australia All ports Normal operation. Bangladesh Mongla 15 vessels operating. Chittagong 25 vessels operating. Brazil Salvador Waiting time of up to three days. Santos
      263 words
    • 73 23 THE Hongkong International Terminals Group (HIT) at Kwai Chung Container Terminals has appointed Mr Paul Ho as assistant manager operation development with effect from Aug 1. 1988 Prior to joining HIT. Mr Ho was the special projects-coor-dinator for Motorola Communications Australia Pty Ltd. He has had extensive
      73 words
    • 535 23 Reuter SHIPPING COMPANY Koninklijke Nedlloyd Group will report its results for the first half of 1988 today, with no real consensus among share analysts about the level of profits. However, they all say Nedlloyd shares have lost the takeover attraction which made them
      Reuter  -  535 words
    • 1173 28 DULL CONDITIONS porvadod all sectors of the dry cargo charter market on the London shipping freights market on Tuesday, but rates mostly held established positions. Cargill fixed the Alberta to the Netherlands or Belgium in August-September position with 18.500 tons of grain from Duluth at USSI6 (fio) and
      1,173 words
    • 7524 28 AARNUB Ville He Vege CM 0 Atretlement Aug II Arthur Meerak MHrU Lint Aug 1S Ming Progreee Yang Mir>g Aug 20 Yin He China Oceen Aug 21 Ever Gaining Evergreen Aug 21 Toy am* ScanOutcM Aug 23 Villa da Veeto CM D
      7,524 words
    • 1515 28 AT CONVENTIONAL WHARVES Vasaal Barth Arrival Departure KEPPEL WHARVES M Un Pooling 133 olongside 18 08/0600 ICI9 olongside *****600 Iwhuomhofl K32 olongside 19 *****0 Poci»« Sotu KX alongside 2008 0600 Pol«o Seioti US olongside 1808 MOO Seo Pioneer H KI6 olongside 1808 1800 Sou<**rn Glory K2B olongside
      1,515 words
  • Page 21 Advertisements
    • 850 21 TIMES STP Distributors OOCL Indicated to Quality Service. JAROIRE SHIPPING AGENCIES 200 Cantonment Road #12-05 Southpoim Singapore 0201 T* *****11 Trfen RS ***** Facsimile *****09 TERMINAUCFS Til *****11, *****19. *****20 FOR CUSTOMER SERVICE INQUIRIES ANO BOOKINGS T« *****305 PESAKA JAR DINE SHIPPING AGENCIES SOU »H0 PORT KELANG T« *****11 T«n
      850 words
    • 63 21 meg THE LAST load of Italian toxic waste dumped in Nigeria has left the country by ship, the Nigerian Minister of Environment said. Page II IN A MAJOR switch of direction, the governmentowned West Australian Stateships has contracted to charter two new Chinese-built ships. Page 111 Index to advertisers II
      63 words
    • 502 21 riWiTT -#|maersk line THE SHORTEST DISTANCE BETWEEN TWO POINTS IS MAERSK LINE This mo Anna M 8810 CV 24/8 2300 MRS CFS 24/8 1300 MRS To Europe UK Scandinavia Finland This *ee« ALVA M Closing Time CV 22 8 2300 HRS CPS 22 8 1300 HAS To California US Gulf
      502 words

  • Page 22 Advertisements
    • 466 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: AIL UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN, AARHUS. GOTHENBURG, MALMO, HELSINKI, OSLO. AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING AT #KOBE 5/9. #TYO 8/9 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE flp Singapore
      466 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 468 22 fJJ POLISH OCEAN LINES Agents S "gapo'e Optorg Shipping Pte Ltd Tel *****W Teiei R$ ***** Fa« *****51 P Ke.ang Peta:ing Jaya Penang 368 toi 3 vsmj *****5 hm; EACON SERVICE (FULLY CONTAINERISED SERVICE) FRO* EUROPE rumlano tm grotowml im RUEBELANO m SROTEWOHI ■VJBCLANO h cegielski IVl.K.'bHm.lH.rJ.i'JUt CANARIES,EUROPE VESSEL PROF
      468 words

  • Page 23 Advertisements
    • 1209 23 n The Straits Steamship Group E Mansfield Container Shipping PteLtd P&O Containers COMTMCRSHP SERVICE TO UK/CONTMENT: I i'nn P.KIMg I S'taa tt'kurf Ihmi rtwn L* H» numvuiT txmss |s« ni lim un u/t lyi vit 27# 2M l«l 1M IM 1M nn HNU BAT mt U/l I W» K/W DM#
      1,209 words
    • 747 23 MOUNT FABER MARINE PTE LTD Ttf *****5S Fax: *****47 NEWLY BUILT WAREHOUSE Short/Long term leasing available Ideal for freight forwarder and NVOCC operator Good location Reasonable offer For enquiries, please call Mr. Wong EUROPE V I 1: 'in I: .V I i I I'l'M ii™ JVM SEMTM BOTCH SEKATM EE
      747 words

  • Page 24 Advertisements
    • 494 24 MSI NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN EKRAM IRAN TEYFOURI IRAN BAYAN Singapore 308 19/8 23/8 Loading forBANOAR ABBAS BANDAR ABBAS BANDAR ABBAS KYOWA LINE DARA SAMUT Singapore Loading for: 8/9 LAE. PMB, HRA MICRONESIA SERVICE HK LOAD FOR OCEANIA EXPRESS V-19 27/8
      494 words
    • 711 24 J^Sline tiaiA smi"mi conn** rua FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Member of the Ace Conwlwm FROM E'JROPE VIA SUEZ J Member ot the Ace Consortium 23 8 308 29 69 tUll* CONTAIN!RiSID 10 fROM NORTH AMfRICA WS! COASi CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL BOTO AC 18 KUANTAN
      711 words
    • 128 24 BOOKINGS: SINGAPORE: JOHORE BAHRU: KUALA LUMPUR: PENANG: JAKARTA: *****88 (8 Lines) *****45 (25 Lilies) (07) *****2, *****7 (03) *****66 (6 Lines) (04) *****9, *****5 (021) *****1/*****2 r INDIA STEAMSHIP FORTNIGHTLY EXPRESS CONTAMER SERVICE TO SRI LANKA INDIA BANGLADESH I. COURIER VI3N V34N VJSN SIN In ft om» 0210 Agent*- SHARIKAT
      128 words
    • 842 24 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKC RSC KLC PUS OS* TYO EVER GENTLE In ft 22/1 2 4/1 2SO 270 MO 20 EVER GENTRY W W 5 V W EVER GATHER 210 10 30 *19 M 100 130 EVER COVERN Sfl M 11* 12fl 140 iJ*
      842 words

  • Page 25 Advertisements
    • 1004 25 PACIFIC INTERNATIONAL LINES W\ pil Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE ACCCmNO MURORAN HITACHI CARGO VIA HKQ JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE I vov KOTA MELATI KM SEA FORTUNE M 35 KOTA EAGLE 15SB KOTA MELATI SBO7 MAJAPAHIT 2SSB SIN MY SMG
      1,004 words
    • 313 25 irm BEN LINE CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA. FIJI AND NEW ZEALAND S«N MAIN LINE HKC NOUMEA SUVA AKL NAP TIM 24/8 ANANGEL LEADER 10S 519 3/10 7/10 10/10 13/10 8/9 ACRITAS 3S 20/9 19/10 24/10 27/10 30/10 23/9 ARISTOTELIS 4S 5/10 3/11 7/11 10/11
      313 words
    • 579 25 DJASAGETRI A .<oint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUKRA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES A VSL/VOY SRIWIJAYA/24W8 OCEAN PRIMA/11WB KUTAI/15WB S PORE ANTWERP H BURG/ ROAM/ADAM BREMEN 5- 9/9 14/10 18/10 23-25/9 30/10 3/11 1- 4/10 29/10 5/11 Sublet to Mucwnwit. Also
      579 words
    • 322 25 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR mj imziiaitiimius NORTHBOUND TO UKC IVYBANK V22N TAUSALA SAMOA VI3N MORAYBANK V6N SPORE RDAM HULL HMBG 9/9 8/10 15/10 12/10 410 31/10 4/11 8/11 26/10 24/11 21/11 1/12 BEECO ASIA VSS Spore 4/9 TAYBANK V2S Spore 24/9 (PNC ports: PORT MORESBY/RABAUL/LAE/NADANG) T/S: ALOTAU, OROBAY,
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  • Page 26 Advertisements
    • 689 26 KAWASAKI KISEN KAISHA. LTD. 'K'linb N. AMERICA-ATLANTIC COAST ORIENTAL FAIR RAINBOW BRIOGE NEPTUNE GARNET ORIENTAL FREEDOM VIA FEEDER N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST MOTHER VESSEL GOLDEN GATE BRIDGE HARBOUR BRIDGE VERRAZANO BRIDGE TOWER BRIDGE EUROPE (Member of ACE) ORIENTAL CHIEF TRANSWORLD BRIDGE NEPTUNE DIAMOND NEPTUNE CRYSTAL ECUADOR/PERU/CHILE
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    • 324 26 Hi iUL* i Accepting LCL and containerised cargoes Direct to South Africa VIRGO 06C2F NEDLLOYD COLOMBO 6036F S'pore Durban P.Eliz 20 It 3/9 10/9 30/1 11/9 14/9 OSAKA MARU 5740 C JARDINE SNIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAO #12-05 SOUTHPO'NT, SINGAPORE CBOt Tel: *****U TELEX NO: RS *****
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    • 790 26 AUSTRALIA EXPRESS CONTAINER SERVICE IUUMS V 38 TUISIDAS ill KALIDAS V 39 TULS'DAS 31 Accepting FCL/FCL CwiWotra S<ngapore P n«UO| Lo Molher Vil By FteOo By Feeder fr(m*W6 Sffln AM 1 S*C* 1 Sept frem^Mb/Sydn/Adel 29 Seot Sin* From«Mb/3ydn/AiM 19 Oct 19 Od From Melt Sfdn Adel INDIA EXPRESS CONTAINER
      790 words
    • 534 26 GOLDEN LINE GUAN GUAN SHPPING (PTE) LTD 23 Tatok Avar Street SINCAPORE OIM TEL SM3W (U LINES) Fai SM3SM STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Colombo/Karachi.'Dub* GOLDEN HARVEST Cotombo'Karactii,'Duboi CHINA SERVICE Ml YUN SHAN Sh»nfh». HynlUnj A VESSEL Huanfpu/Shanfhti S'porc P Ketan| Panang 30/31 Aug 15/14 Sept ma Aug 29/30 Auf
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    • 515 26 i 1 PHI LI on I €NT LIN €5 PTC LTD MCAO OFFICE 63 fIOIINSON ROAD '0" 12 AFRO AS!* BUILOINC. SINGAPORE 0106 TELE* RS ***** Phlll FA* *****76 l'W.vMl m mr*» J EDO AH (LCL) NEW GENTRADE 20It EAST AHUCA/I H KONG KOBE TO*TO KEELUNG KAOHSIUNC. MANILA BANGKOK BUSAN
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  • Page 27 Advertisements
    • 1047 27 NEPTUNE AGENCIES PTE. LTD. Owwral Ewqulrt—: T«l: 171M77 fl EU/AUST TP A/SEA \\NEPTUNE ORIENT LINES LTD SST SSSSS FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A r™ TO EUROPE/UK (VIA SUEZ): I K CHANCE 38W (22 S) 24<8 10fl u/9 131 A CONCORD 16N. (23.*) 311 17/9 18/9 Ufl 0 CHIEF U*
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    • 525 27 heung-a shipping Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG, PENANG. KEELUNG. BUSAN, INCHON WtF JUNE 1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAY# SERVICE II SERVICED VMM*'t Nm• ETO BS S PORE PKELANG KEE BUSAN MO JI Gloria/K7N 04/« 17-IM* 19-2001 3 2MB 02-04/01 OMR No 1 Dona«/N7N 11*1
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    • 745 27 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC P. KELANC MESSRS HAI THONG SHIPPING 127 Penan| Street. Petuni Malaysia M/S HANDLING SYSTEM CO
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  • Page 28 Advertisements
    • 271 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Linesi FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAD f 1 DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN ft NORTH CONTINENT EUROPE -VIA IARNACA ACCEPTINS CARGO FOR UMASSOI BEIRUT,
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    • 101 28 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WiTH FIXED DAY ARRIVAL SHOFUKU OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. CONTINENT VIS ETA SIN 34/S/SS I KAOSHIUNG 4 DAYS S'PORE KEELUNG TOKYO ->■ SHIMIZU NAGOYA KOBE 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS SHOFUKU AGENCIES (S) PTE LTD TEL:
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  • Page 29 Advertisements
    • 447 29 r REGULAR EXPRESS FCL LCL DESTINATION SERVICE ETA SINGAPORE PORT KELANG. PENANG HONG KONG KEELUNG, KAOHSIUNG JARU BHUM SIRI BHUM PIYA BHUM AKA BHUM BUNGA BUTANG 20/8. 30/8. 17/9 23/8. 25/8. 29/8 OtN 26/8 381N 23/8 145N 20/8 TOKYO. KOBE. BUSAN KARACHI. BOMBAY. 18/8. 21/8 20/8. 30/8 19/8. 22/8. 30/8
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    • 311 29 CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Line*) Fax: *****61 LCL FIXED CONSOLIDATION TO:UMiUdlUMlHffliM to USA (ALL PORTS) to Auckland to Antwerp to Copenhagen to Fremantle to Inchon/Busan to Chittagong to China (All Ports) to Bombay to Manila/Cebu to Sydney/Melbourne to Jeddah to Keelung to Kobe/Osaka to Tokyo/Yokohama to
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    • 894 29 < CFS > CRYSTAL FREIGHT SERVICES i BEST RATES EVER LOS ANGELES ETO SIM: 25/8/88 WEEKLY CONSOL SERVICES FAR EAST BUSAN 25/8/88 BANGKOK 20/8/88 HONG KONG 24/8/88 KEE/KAOH 21/8/88 'f I VJTI i" A3 COLOMBO 29/8/88 V AUSTRALIA MELBOURNE/SYDNEY 30/8/88 CALL BOOKING HOTLINE FOR BEST RATES 2233 9 2 2
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    • 152 29 Tatsumi Marine DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct cam to other ports subject to inducement (also accepting transhipment cargo: OROBA Y. MADANG, KIETA, WEWAK KIMBE. RABUAL via LAE) S'PORE: NEPTUNE AGENCIES PTE. LTD Ttl: *****77, *****34, 279(071 I REGULAR TSR SERVICE TO > KABUL/HAIRATON/ TORG/IRAN/E.BLOC WEEKLY LCL/FCL
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    • 250 29 n UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 fin IRAQI UNE I) I**o Sf*Tl INTfRMISt »0* ARtTIIM TRABSPO** MV SINDBAO EAST BOUND SERVICE ETA S PORE LOADING FOR 29ft Japan WEST BOUND SERVICE ETA S'PORE LOADING FOR MV ALWASITTI 24ft Jeddah, Aqaba Baghdad THROUGH
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  • Page 30 Advertisements
    • 372 30 Hai Sun Hup Co (Pte) Ltd n 1-1 TFL *****06 (20 Linesi TLX US ***** RS ***** t I \S II K\ K Il \I K I) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Tokyo 18/9 'Subject to cargo inducement NOTE ALSO CALLING OTHER JAPANESE PORTS, HONGKONG TAIWAN
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    • 273 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSL Sport UH TOYAMA V2t2 22/1 ifl B PERMAI VX 2*l lift JUTLANOIA V 302 5/> 22/J Sport L*Havr« Cawmtint VSI W* M STUTTGART EXP 2*l ISfl DUSSELDORF EXP V) nii NUERNBERG EXP For: Halifax.
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    • 330 30 ULTIMATE FREIGHT SERVICES PTE LTD Tei: *****11 Tlx: ***** Fax: 2246M2 WMkly LCL acceptance to AUSTRALIA all ports NZ HK BANGKOK EUROPE USA CANADA all ports incklg China incldg Laos all major ports Seattle, Portland, LA, SFO 4 major ports Edmonton, Calgary. VCR Winnipeg, Saskatoon, TRT Montreal, Ottawa KENWALT INTERNATIONAL
      330 words
    • 725 30 CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE HHI TO EUROPE FEEDER B BUTANC 471 B BUTANC 473 B BUTANC 475 OTHER DESTINATIONS AARHUS, AMSTERDAM ANTWERP. BASLE. BREMEN BREMERHAVEN. COPENHAGEN HELSINKI. MALMO. OSLO. STOCKHOLM. UK FROM EUROPE vsi ******/*****11 04-*****2/4,
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  • Page 30 Miscellaneous
    • 168 30 ■at; ft Regional Weather I *k Vt _Jj*X tJoi r V .771 V m ss SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. August 18, 1988 "C yA O W«id deection with speed m knots Wove height LEGEND R Thunderstorm Temperoture c y Shower Weather Wmd dtfecfon with speed m
      168 words