The Business Times, 19 August 1988

Microfilm: NL16233
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, AUGUST 19, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    257 1 AP Dow Jones higher WALL STREET stocks barely budged yesterday morning in light trading. The Dow Jones Industrial Average was up 2.31 points to 2,022.27 in the first hour of trading. Analysts attributed the sluggish activity to a lack of significant news and persistent uncertainty about the
    AP  -  257 words
  • Article, Illustration
    Asian markets close lower in the face of uncertainties
    322 1 ASIAN STOCK markets closed generally lower yesterday with the Singapore bourse losing ground for the seventh consecutive session on sustained selling and profit-taking. The Straits Times Industrial Index shed 23.9 points to 1,096.37. The index has dropped 81.5 points since its
    322 words
  • Article
    Dollar holds its own against yen
    111 1 THE US DOLLAR remained steady against the yen on Asia's foreign exchanges yesterday. But it ended firmer against the mark because of last-minute dollar buying/mark selling by Singa-pore-based foreign banks. In Tokyo, it closed at 133.93 yen and 1.9141 marks, against 133.90 yen and
    111 words
  • Article
    Lock icon Indonesian, Vietnamese interests form joint venture
    195 1 AFP INDONESIAN firm PT Astra International has formed a joint venture in Hongkong with the Ho Chi Minh City government to promote trade between Indonesia and Vietnam, a company official said in Hongkong yesterday. Tran Phuoc Tien, managing director of Indovina International Ltd, the
    AFP  -  195 words
  • Article
    Export of disk drives shoots up 53pc to $2.3b in first half
    533 1  -  Prices fall, leading to lower profits By BOEY KIT YIN SINGAPORE'S disk drive companies shipped out a record 552.3 billion worth of Winchester drives from their factories in the first six months, a 53 per cent jump from
    533 words
  • Article, Illustration
    M'sia to spend M$300m on tourism projects in Johor
    468 1 MALAYSIAN Deputy Prime Minister Ghafar Baba yesterday announced a mammoth Ms3oo million tourism-related development programme for Johor, including the widening of the Causeway. The programme, to be carried out in the Causeway area, will include the construction of a Customs and
    468 words
  • Article
    Wusang faces liquidation as judicial managers give up
    466 1  -  By WILLIAM CHIA A NINE-YEAR-OLD electrical and airconditioning company that three years ago was a Singapore partner in a $64 million hotel project in Sichuan province, China, is facing liquidation. This follows the decision by Wusang Engineering's judicial managers, Messrs Don Ho
    466 words
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      Page 1 Advertisements Column 1
      21 1 SnjXTACRAf T ".ma mm -SSVoJcw OUHT gOP f (SINGAPO^O J© I.* 995-5100 iKUALA LUMRJP_ PUT ON A CROCODILE. WEAR A LEGEND.
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      Page 1 Advertisements Column 2
      213 1 Full report, PAGE 16 Regional Mkts, PAGE 18 World Mkts, PAGE 19 More reports, PAGE 8 Editorial Comment: 10 Job-hopping to conclusions The Big Four 10 Tussle to be Number One Death of a president 11 What lies ahead for Pakistan? Home News: 3 Toy maker Nikko's big shift; venture
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      Page 1 Advertisements Column 3
      137 1 Minolta EP49OZ with Simiri-Color. -mmReaching more in Singapore BUSINESS TIMES has crossed the 18,000 mark. The month of July saw BT's net circulation comfortably above the 18,000 level, every day of the week. This means more than 100,000 people read BT each day, among them Singapore's top decision-makers an(i managers.
      137 words
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  • HOME NEWS
    • Article, Illustration
      Voters urged to stay on PAP course
      561 2 Party programme to reflect National Agenda QBGJMJH STAY ON the PAP course for more good years ahead. This sums up the rallying call of the People's Action Party in the run-up to polling day on Sep 3. Unveiling the PAP campaign theme "More
      561 words
    • Article
      Bill to make sure builders will be accountable
      246 2 THE SCOPE of a bill aimed at regulating the safety of construction work is to be expanded to include builders. The Select Committee on the Building Control Bill, in a report to Parliament before it was dissolved on Wednesday, recommended that the
      246 words
    • Article
      VITB plans two more institutes
      132 2 AT LEAST another technical institute and a Vocational and Industrial Training Board (VITB) institute may be built within the next five years. Plans for the two institutes have been submitted to the government for approval, VITB director Dr Law Song Seng said yesterday following a
      132 words
    • Article, Illustration
      Repaying society
      1370 2  -  Reports by ANNA TEO FOUR MEN who have enjoyed the fruit of the PAP's rule over the last 30 years and who now see entering politics as a way of repaying their dues to society this is the common link among the second batch of new PAP candidates
      1,370 words
    • Article, Illustration
      Transtech invests in electronics company
      297 3 |VENTURE CAPITAL company •Transtech has taken up 20 per cent equity in a two-year-old lo,cal electronics company, Proteq Technologies. It will also provide Ifunds for product development, [marketing and production. Proteq produces sophisticated test and repair equipment for [printed circuit boards (PCBs) |and electronic components,
      297 words
    • Article
      Team appointed to prescribe cure for nurses shortage
      205 3 THE HEALTH Ministry recently engaged a team of management consultants to study the shortage of nurses and to study ways to rectify the situation. The team chose Tan Tock Seng Hospital for a pilot project which will aim to quantify the true
      205 words
    • Article, Illustration
      Cruise packages could attract more tourists: Sidek
      252 3 CRUISE PACKAGES can be used to entice many more foreign tourists 'to visit Singapore, said Mr Sidek Saniff, Parliamentary Secretary at the Ministry of Trade and Industry. J N Cruise, a six-month-old venture set up by Japan Airlines land Neptune Orient Lines, could
      252 words
    • Article
      MEMO PAD
      264 3 Seminars and fWi d rfmi CAHNERS EXPOSITION GROUP Courses I Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66y Aug 25-26 Customer Relations Course Hilton Hotel MMS Consultancy (Asia) Pte ltd *****88 Aug 27 Some Legal Aspects of Corporate Administration Carlton Hotel Singapore Association of The Institute of Chartered
      264 words
    • Article, Illustration
      Nikko to shift some hi-tech toy operations here
      699 3  -  By ANDREW RAJ JAPANESE toy maker Nikko, which specialises in radio-con-trolled cars, will soon shift part of its high-technology operations from Japan to Singapore. It will concurrently set up a manufacturing plant in Malaysia costing between $12 million and $16 million, to
      699 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      136 2 1 s S GOING GREATS FT At Metro mmmm s££%Zm KT~ '*ZM 1 .\5 < 5 A great gift awaits those who travel in style. At the Aramis counters in Metro. Travel sizes of classic Aramis Eau de Cologne 15ml; brisk, toning Body Shampoo 50ml; and a soft face towel.
      136 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      158 3 MONT BLANC IBM ART OF WRITING m A V r y V N Tf P V A m ••>*«■ If v MONTBLANC THE ART OF WRITING ..MEISTERSTUCK* the pride of the MONTBLANC Collection is probably the most famous writing instrument of our times. Representing the best in design, it combines
      158 words
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  • ASIA – PACIFIC
    • Article, Illustration
      Lock icon Sabotage likely, say Pakistani officials
      863 4 'Plane had bomb on board or was hit by missile' Agencies THE PLANE CRASH that killed Pakistani President Mohammad Zia ul-Haq on Wednesday is believed to have been caused by sabotage, Defence Ministry officials said yesterday. Several ministry officials said they believed that the C-130
      Agencies  -  863 words
    • Article
      Lock icon Fighting between Afghan troops and Muslim guerillas intensifies
      368 4 AFP FIGHTING between Afghan government troops and Muslim rebels has intensified, and the rebels are claiming that they have seized the capital of a northern province. According to a spokesman for the Jamiat e Islami Mujahedeen group on Wednesday in Peshawar, north-west
      AFP  -  368 words
    • Article
      Lock icon Tata designs first Indian car without foreign help
      297 4 FT THE LARGE Indian industrial and engineering group, Tata, has designed and developed what it claims is the first Indian car to be made without foreign collaboration. Intended to take advantage of the booming demand for cars in India, the Tata Estate
      FT  -  297 words
    • Article
      Lock icon Call for mediation to bring peace in Burma
      580 4 Agencies THE DAUGHTER of Burmese founding father Aung San called for a non-government committee to mediate between protesters and the government as 5,000 protestors marched in Rangoon on Tuesday. The letter, written by Aung San Suu Kyi, is the latest effort to
      Agencies  -  580 words
    • Article
      Lock icon Thailand among top GSP beneficiaries
      157 4 Oana-Tna THAILAND is expected to become the third largest recipient of the United States' tariff preferential system next year. The commercial counsellor of the Thai Embassy in Washington, Mr Damrong Indramesap said on Tuesday Thailand was expected to use up to 8.6 per cent of
      Oana-Tna  -  157 words
    • Article
      Lock icon 'Tokyo and Beijing considering venture to boost investment'
      180 4 AFP JAPAN and China are considering a joint venture to promote Japanese investment in Chinese projects through financing, consulting services and feasibility studies, according to the Kyodo news agency on Wednesday. However, a Japanese Foreign Ministry official said there had been only
      AFP  -  180 words
    • Article
      Lock icon Seoul, Wellington in beef talks
      204 4 AFP NEW ZEALAND began two days of talks with South Korea yesterday, seeking equal treatment for New Zealand beef imports to those from Australia and the US, according to Foreign Ministry officials in Seoul. David Holborow, New Zealand's ambassador to Seoul, headed his country's delegation,
      AFP  -  204 words
    • Article
      Lock icon Beijing urged not to subsidise shaky enterprises
      194 4 AFP LEAST 300,000 Chinese enterprises should be declared bankrupt or absorbed by other firms, even if millions of workers suffer as a consequence, according to the official Economic Daily on Wednesday. But China, which is due to enforce its first bankruptcy law on
      AFP  -  194 words
    • Article
      Lock icon Laurel faces handicap
      83 4 AFP PHILIPPINE Vice-President Salvador Laurel's failure to persuade his family to leave the ruling coalition may hamper his ability to lead the right-wing opposition. Mr Laurel broke ranks with President Corazon Aquino on Saturday. But his relatives in Congress balked at supporting his break with Mrs Aquino
      AFP  -  83 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      839 4 r~ ARRIVALS Operator Sorvic* Local From numbor Hmo SU SO 201 1145 CGK GU GA940 1150 MES THA TG403 1155 BKK SIA SQ191 1155 PEN SU SO 235 1155 MES <5U GA9Q3 1210 PDG SAS SN277 1210 wru/D»/ •OM/KUl MAS MH641 1230 KCH KJA RJ182 1230 AMM
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    • Article
      Lock icon Japan to check on alleged poaching in US waters
      253 4 AFP JAPAN'S Fishery Agency will investigate alleged systematic poaching by Japanese trawlers in the restricted US fishing zone in the northern Pacific, according to Japanese agency officials yesterday. The decision followed press reports of an organised illegal fishing network operating within
      AFP  -  253 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      156 4 GRAND CARPET AUCTION presented by Edmund and Shukor •m Sunday, Aug 21,1988 Grand Ballroom Hilton International Singapore Viewing 10am— Ipm Auction Sale: 2pm -5.50pm 100 selected pieces from Persia, Afghanistan and Pakistan including interesting tribal pieces. All lots are guaranteed and backed by a full trade-in value at our showroom.
      156 words
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      5 4 What llm ahMd, PAGE 11
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      36 4 mm th« toNowing morning. The buwwu person'* choce every Timdoy, Thurcdoy, Saturdoy ond Sunday Leaving Changi Ajrp. ort ot 2205 hour* and omvrtg Heathrow early Col your Travel Agent or Am Conodo ot *****55. AIR CANADA
      36 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      134 4 1 Adelaide Amsterdam Alhm Bahrain Bangkok ftarbadoi Mu/ Note Mm <°C) 16/11 Cloudy 17/07 Cloudy 38/23 Cloudy 40/30 Clear 33/25 Cloudy 29/25 Cloudy 26/21 Cl*or 33/24 Clear 30/20 Clear 21/13 Cloudy 33/28 Cloudy 25/10 Sunny 23/13 Fine 26/10 Clear 26/20 Clear 19/08 Clear 34/22 Clear 20/11 Cloudy 15/11 Showers 27/17
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  • Page 5 Advertisements
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      178 5 B R E WITH A FORD 1 m •w A X x\ N k I 1 I IN 1987 IT WAS THE WORLD TOURING CAR CHAMPION. (IF YOU'RE QUICK ENOUGH IN 198ft IT COULD BE YOURS) HOQOnt Motors Tanglin Halt Road, Singapore 0314. Tel: *****88. 24 Benoi Sector, Singapore 2262.
      178 words
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon Bush wins Republican Party's nomination
      341 6 AP GEORGE BUSH swept uncontested to the Republican Party's presidential nomination as cheering, flag-waving national convention delegates formally launched his race against Democrat Michael Dukakis for the Nov 8 election. Mr Bush, watching on television in a nearby hotel room with his wife, Barbara, and
      AP  -  341 words
    • Article
      Lock icon Quayle caught on the defensive
      308 6 AP Reuter US SENATOR Dan Quayle found himself on Wednesday hotly denying involvement in a 1980 congressional sex scandal, denying ever smoking marijuana and admitting he lobbied to get reserve duty during the Vietnam war in the normally home-based National Guard. Mr Quayle, the young
      AP; Reuter  -  308 words
    • Article
      Lock icon France condemns US Omnibus Trade Bill as intolerable
      356 6 AFP THE FRENCH government, holding its first cabinet meeting after the summer recess in Paris on Wednesday, vigorously condemned as "intolerable" and •unacceptable the US Omnibus Trade Bill recently voted by the US Congress. France "could not limit itself to verbal condemnation"
      AFP  -  356 words
    • Article
      Lock icon New UK paper promises nudes, laughs
      231 6 Reuter A NEW COMPETITOR plunged into Britain's tabloid newspaper fray on Wednesday with a flourish of world scoops and the promise of three naked girls in every issue. The Sport, which has editorial offices in Manchester, took on its London-based rivals with an inaugural
      Reuter  -  231 words
    • Article
      Lock icon Trade imbalances hurt ties, warns Gatt chief
      380 6 Reuter AFP TRADE IMBALANCES between the US and West Germany and Japan were still damaging global commercial relations and spurring protectionist sentiments, Gatt director-general Arthur Dunkel said yesterday in Geneva. Reporting on the General Agreement on Tariffs and Trade's activities last year, Mr
      Reuter; AFP  -  380 words
    • Article, Illustration
      Lock icon Strikes spread in Poland as Solidarity calls for support
      479 6 AFP A SPREADING wave of strikes paralysed three mines in southern Poland and the north-west port of Szczecin on Wednesday as Solidarity called on other workers to down tools in support of the strikers. Sources said coal miners at the Piekary
      AFP  -  479 words
    • Article, Illustration
      Lock icon Poll shows slump in Kinnock's popularity
      146 6 Reuter THE POPULARITY of British opposition Labour leader Neil Kinnock has slumped on the eve of a key party congress. A Gallup poll published yesterday in London showed Mr Kinnock's popularity at its lowest level since last year's general election with only 27 per
      Reuter; Source: a PUNCH cartoon  -  146 words
    • Article
      Lock icon Referendum to be held, says Pinochet
      161 6 Reuter CHILEAN PRESIDENT Augusto Pinochet oh Wednesday said a vote on continued military (uie would be held in earty October and rejected calls for a concensus candidate. Mr Pinochet, in a speech l in the southern city of Punta Arenas, also said the military
      Reuter  -  161 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      691 6 The New Acer 915 Hailed in Hannover Now in Singapore Every year, computer manufacturers throughout the world gather in West Germany for the Hannover CeBIT Show the premier event of its kind in Europe. They come to launch and exhibit the best of their range to the world. And to
      691 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      67 6 Doonesbury PONT BB FOOLBP BY PUKAKJS' SBIFSBRVING DISAVOWAL OF POUTICAI LAB6IS! THIS MAN I IS A SNARLING, RAVING LIBERAL! IF IT LOOKS UKB A LIBERAL, ACTS UKB A ÜBBRAL, ANP SPBNPS UKB A ÜBBRAL, IHB OPPS ARB PRBTTi GOOP THAT IT'S A ÜBBRAL' m I 4 i r BY GARRY
      67 words
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  • COMMODITIES
    • Article
      Oil and Products
      45 7 N*w York d««« previous day. Products (FOB S'pore) US$/barr»l Chang* Kwomm 18.55 +0.25 Gatoi! 16.90 unch Low Sulphur Woxy R«»ldu« LSWR 13.15 +0.20 Naphtha 14.15 +0.15 US$/tonn« Chang* Fu*l oil 71.50 unch All prlco* 1900 S'por* tlm* oxcopt WTI. Source: Petroleum Argus
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    • Article
      Palm Oil
      395 7 MALAYSIAN CRUDE PALM OIL FUTURES extended falls at yesterdays close on further liquidation, with current large palm oil stocks weighing on prices. Prices held steady initially following a firmer overnight Chicago soy complex futures close. Trading activity was cut as operators were uncertain over the market's immediate trend.
      395 words
    • Article
      Precious Metals
      228 7 HONGKONG: The metal closed slightly lower yesterday in fairly quiet and slow trading. Bullion ended at U*****.00/50 an oz against an initial US$429 80/430.20 and compared with New York's close of US$43O 75/431.25. On the local market, gold rose HK$9 to close at HK54,017 a tael. The Krugerrand
      228 words
    • Article
      KL Tin
      79 7 CONTINUED strong buying demand pushed the KLTM price up five cents to M519.3fl a kg yesterday. The bullish sentiment was skied by a small offering ol 20 tonnes. Turnover fell to 38 tonnes from 41 on Wednesday. Futures ended higher on continued speculative buying with sentiment Influenced by
      79 words
    • Article
      SSR and SMR
      82 7 (canh/kg) SEPTEMBER 1988 OCTOBER 1988 (currant month) (forward month) RAS NOON NOON Buy*n S*ll*rs Bwy*rt SSR 20 218.00 220.00N 218.00 220.00N SSR SO 216.00 218.00N 216.00 218 00N MRELB kytfl S*ll*ri Svy*rs S*lt«r> SMR CV 408 50 410.50N 410 50 41 2.SON SMR I 408.50 410.50N 410.50
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    • Article
      Rubber
      176 7 SINGAPORE Prices ended slightly easier yesterday, with September RSS One buyer quoted at 250 cents a kg. down half a cent from Wednesday's close. Prices held steady on some short-covering interest on the TSR-20 Award market, but trading remained thin. The September buyer ended at 219 cents a kg.
      176 words
    • Article
      RAS and MRELB
      279 7 R AS prices »n S c*nte/kg, FOB In b*k NOON CLOSE Buyers Sellers Buyers Sellers ttrt 1 tSS Prompt 250.50 251.50N 250.00 251.00N int 1 RSS Sep 88 250.50 251. SON 250.00 251.00N Int 1 RSS Oct 252.50 253.50N 252.00 253.00N Int 2 RSS OP 247>50 249.SON
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    • Article
      Produce Prices
      236 7 Chinese Produce Exchange Sollors' noon doting pricot on Aug 18 (SS/100 kg) Coconut oil Mk FOB 122.00 OM drum FOB 132.00 N*w drum FOI 136.00 Copra Mi**d (too**) 70 Pepper Muntok whit* FOB NLW 805.00 Sarawak whit* FOB foq NLW 795.00 Sarawak special block KM NLW 462.50 Sarawak
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    • Article
      London markets
      297 7 London Commodity Exchange 8uyer/S«ller doting prices on Aug 17 (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Basis to-store London, sellers oplion OF London Sep 997/998 (998/1000) High/Low 1015/997 Nov 1008/1010 (1012/1013) High/Low 1030/1008 Sales (4111) Cocoa $*P 892/893 (886/887) High/Low 896/887 Dec 879/880 (872/873) High/Low 884/873
      297 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      78 7 The soybean and wheat reports are not available due to pressure on space. FOR THOSE WHO ARE PARTICULAR ABOUT THE COMPANY THEY KEEP: A Trade winds EZ Pack flies you to your destination, offers you a choice of accommodation and lets you do whatever you want to do. With whoever
      78 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      734 8 OCBC Reuter SINGAPORE: The US dollar closed mixed yesterday against most major currencies easier against the yen and Singapore dollar and slightly firmer against the D-mark. Against the Singapore dollar, the US dollar closed easier at $2.0407/14 in erratic trading. It traded from $2.0417 to $2.0410. It opened
      OCBC; Reuter  -  734 words
    • Article
      Foreign Exchange
      229 8 interbank rates at 3pm yesterday: Currencies Monti nsl rales Smilheonlan BIO OFFER cross parity change Local dollars to one unit of foreign currency: US dollar 2.0405 2.0415 2.8196 -27.63 Sterling pound 3.4515 3.4552 7.3469 -53.02 Australian dollar 1.6395 1.6423 3.4286 -52.18 NZ dollar 1.3242 1.3269 3.4286 -61.38 Canadian
      229 words
    • Article
      Money markets
      69 8 THE OVERNIGHT rate on the Singapore money market rose 1/4 point yesterday to end at 4-1/4 per cent. The one and threemonth term rates rose by 1/16 point each while the two-month remained unchanged. S$ Interbank rates at the close yester day: OFFER wo Overnight 4 1/4 4
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    • Article
      Government securities market
      105 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID Of FEB HIGH LOW 3 months BQ*****X 17.11.88 4.08 4.03 4.09 4.03 6 months BY*****T 24.11.88 4.08 4.03 1 year &Y*****S 20.07.89 4.60 4.55 4.61 4.58 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's
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    • Article
      Asian dollar market
      868 8 Asian dollar deposit rates yesterday closed at levels slightly lower than the opening with trading generally quiet in the afternoon. Most operators were sidelined due to lack of interest. Short-dates weakened 1/8 to 3/16 point at the outset due to a fall in the federal funds rate
      868 words
    • Article
      Lock icon Venezuelan currency reserves fall
      241 8 FT VENEZUELA'S hard currency reserves have fallen by 14.5 per cent since the end of last year to US$B.2l million at the end of July, according to figures published by the press. Large outlays this year for imports and for servicing a US$25 billion public sector
      FT  -  241 words
    • Article
      Comex gold/silver futures
      166 8 Gold futures on Aug 17, 100 troy ounces. USS per troy ounce Op«n High Low Sottlo Aug 428.90 431.50 428.90 431.00 2.10 Sop 432.60 ♦2.10 Oct 433.30 435.30 431.60 435.10 2.10 OK 438.80 441.00 437.10 440.90 2.10 f.b 445.30 445.90 444.30 446.90 ♦2.10 Apr 450.00 450.00 450.00
      166 words
    • Article
      Simex
      209 8 SEPTEMBER Eurodollar futures on the Simex opened unchanged yesterday from the previous close but at the day's high of 91.27. Concern over inflation in the US as a result of strong economic growth and tighter Fed policy limited short-covering activities in a still bearish market. The contract traded to
      209 words
    • Article
      SIMEX
      302 8 Trading on Aug 1t, 1» M Opon High lo« s*n E» Vol Op/fc* Vol EURODOLLAR Sop 88 91.27 91.27 91.23 91.24 0»t 88 90.82 90.84 90.78 90.79 Mor 89 90.82 90 84 90.79 90.80 Jun 89 90.70 90.71 90.67 90.68 Sop 89 90.57 Dot 89 90.47 Mor 90 90.40
      302 words
    • Article, Illustration
      World interest rates
      190 8 Indicates the average of the prime lending rate* ol 12 major bank* in Singapore r Interbank market rates (offer/bid) on Aug 18 us$ DM SWFC Yen 7 doyt 8 5/16 3/16 10 1/8 10 5-4 7/1 2 1/2 1/4 4 1/2 3/8 1 m*h 8 7/16 5/16
      190 words
    • Article
      Options
      1479 8 CURRENCY FUTURES OPTIONS Thursday Aug 18, 1988 DEUTSCMEMARK (SIMEX) Sap 88 ca He Sep 88 puta High Law Sen High Lew See 50 52 438 36 36 53 49A 50 918 88 54 24A 22 1638 154 55 2508 239 56 3288 293 333 57 50 1 59 CAS
      1,479 words
    • Article
      Lock icon IMM
      249 8 Reuter MOST CURRENCY futures on the IMM opened lower on Wednesday in light trading on carry-over weakness from Tuesday's late sell-off. The US dollar's sharp reversal on Tuesday of its early losses quashed bullish sentiment in currencies initially inspired by news of growth in the June US trade deficit
      Reuter  -  249 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Barclays on expansion trail in this region
      521 9  -  By SOH TIANG KENG Financial Correspondent BRITAIN'S Barclays Bank PLC plans to develop its corporate banking business as well as services to multinationals and wealthy individuals here and in the region in the next few years. According to its visiting chairman, Mr John
      521 words
    • Article
      Lock icon Rise in China's interest rates not enough, say bankers
      378 9 Reuter CHINA'S decision to raise interest rates will help curb inflation and panic buying and attract money back into banks but the rises are not enough, according to bankers and diplomats in Beijing. The People's Bank of China, the central bank,
      Reuter  -  378 words
    • Article
      Lock icon Aussie privatisation move
      260 9 FT AUSTRALIA'S Labor Party government has committed itself to floating 30 per cent of the Australian Industry Development Corp (AIDC), the state-owned investment bank, in its first big privatisation move. The AIDC early this week confirmed that the Federal Cabinet approved the float last week, and it
      FT  -  260 words
    • Article
      Lock icon Stanchart caught in tussle over deposit from alleged insider trading
      390 9 FT STANDARD CHARTERED Bank of the UK has been caught in a tussle between courts in New York and Hongkong over US$l2.4 million deposited with it by Fred Lee, a Taiwanese businessman charged in the US with insider trading. Abiding
      FT  -  390 words
    • Article
      Lock icon Central banks intervene as US$ hits DM1.9
      371 9 Reuter TWO KEY central banks intervened in currency markets on Wednesday to try to halt a rise in the US dollar which took it through 1.90 West German marks. New York dealers said the Federal Reserve sold dollars at about 1.9025 marks. After
      Reuter  -  371 words
    • Article
      Lock icon Middle-income nations must pay their debts, says Uno
      245 9 AFP JAPANESE Foreign Minister Sosuke Uno warned on Wednesday that "middle-income" countries must repay their foreign debts, adding that Japan was ready to help developing nations increase their exports. Mr Uno, on the third day of a four-day visit to Mexico, said
      AFP  -  245 words
    • Article
      Lock icon United Asian posts first profit in three years
      212 9 AFP MALAYSIA'S United Asian Bank made a pre-tax profit of M 54.15 million last year, its first for three years, its annual report showed yesterday. The bank, ranked sixth among 23 locally-incorpo-rated commercial banks, carried forward losses amounting to M 5458.05 million,
      AFP  -  212 words
    • Article
      Lock icon Kissinger says creditors should share debt burden
      236 9 AP FORMER AMERICAN Secretary of State Henry Kissinger says creditors, including the US government, should share more of the burden of Third World debt. The World Bank says the total burden is about US$l.2 trillion. "Many sensible schemes to advance that objective have
      AP  -  236 words
    • Article
      Lock icon Tokyo may allow banks to sell Brazilian debts
      225 9 Reuter JAPAN'S finance ministry may allow banks to sell part of their outstanding loans with Brazil to the Japanese Bankers Association Investment Inc (JBA). Twenty-eight Japanese banks had set up JBA in the Cayman Islands on March 19, 1987. and transferred title
      Reuter  -  225 words
    • Article
      Lock icon Japanese banks getting set for integrated EC market
      344 9 AFP JAPANESE BANKS are establishing footholds in Europe to prepare for the integration of the European Community (EC) in 1992. Sumitomo Bank, the secondlargest bank in the world in terms of assets, and third-ranking Fuji Bank olan to list their shares on
      AFP  -  344 words
    • Article
      Lock icon Japanese banks outlining rules on insider trading
      220 9 Reuter THE FEDERATION of Bankers' Associations of Japan has drawn up guidelines for member banks urging tighter measures to prevent trading in stocks and other securities based on insider information, banking sources said. The guidelines urge member banks to strictly control important information
      Reuter  -  220 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      272 9 A CHANCE TO MAKE IT BIG IN SIMEX c -tr v/u Itd esnt t l aice a hu S e amount of capital to make big profits at SIMEX. What it does take is motivation, intelligence, discipline and a willingness to take risks. Individual Non-Clearing Members of SIMEX come from
      272 words
    • Advertisement
      Page 9 Advertisements Column 2
      233 9 HOME MULTICOVER: THE BLANKET POLICY THAT COMES WITH I >•:: Ml s ":r IP ft < >4 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
      233 words
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  • PERSPECTIVE
    • Article
      Job-hopping to conclusions
      549 10 THE TASK FORCE set up by the National Productivity Board to suggest ways of curbing job-hopping seems keen to see the job record scheme revived. The scheme was set up by the Central Provident Fund in 1981 when job-hop-ping was rampant and there was much concern about
      549 words
    • Article, Illustration
      Tussle to be Number One
      2193 10  -  THE BIG FOUR For the third consecutive year, DBS Bank and United Overseas Bank are locked in a keen tussle for the honour of becoming Singapore's most profitable banking group in 1988. Analysts pick DBS to win again, but bankers say UOB may turn the
      2,193 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      153 10 BUSINESS TIMES MCI (P) 95/12/87 75 CENTS v v 1 m m nWthe n HMC w®y. •;-V< You said yes to all three questions? Then you could be kind of person Business Times needs We are looking for bright young graduates with an urge to write about business. A degree
      153 words
  • Page 10 Miscellaneous
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  • FOCUS
    • Article, Illustration
      Lock icon ZIA What lies ahead for Pakistan?
      1352 11 Death of a president The sudden and shocking death of Pakistan's President Zia-ul-Haq has thrown a pall of political confusion and uncertainty over the country's future. In the absence of a clear successor to the presidency, it looks increasingly likely that the army will
      Agencies  -  1,352 words
    • Article, Illustration
      Lock icon American leaders saddened by loss of key ally
      658 11 Reuter THE DEATH of President Mohammad Zia-ul-Haq of Pakistan removes a key ally of the US and could endanger support for Afghan rebels fighting to topple the Soviet-backed Afghan government, US officials and foreign affairs analysts said on Wednesday. American leaders were
      Reuter  -  658 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      966 11 Compagnie Financiere de Paribas Head Office: Banque Paribas, 5, rue dAntin, ***** Paris, France. Singapore Branch: 16 Raffles Quay #39-01, Hong Leong Building, Singapore 0104. Tel: *****44. Exchange Rate: At 31 December. 1987: US$l FF 5.3400 Consolidated Balance Sheet (As at December 31, in millions) ASSETS Cash and due from
      966 words
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  • LEISURE
    • Article, Illustration
      Lock icon Mayhem on Brazil's mean streets
      702 12  -  An estimated fifty thousand Brazilians a year die in road accidents. The figure puts their country in contention for the unenviable title of having the world's most deadly traffic. BRIAN NICHOLSON tries to piece together the reasons behind this deadly problem. BRIAN NICHOLSON UPI BRAZIL,
      UPI  -  702 words
    • Article, Illustration
      Looking ahead to a look at the past
      502 13  -  EVENTS Fancy winning a prize for capturing bits and pieces of Singapore's past on film? Or maybe a day watching traditional puppet shows is more to your liking. If so, keep reading as CHARLES SAVAGE looks at what's in store during the
      502 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      780 12 9 Where to entertai PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Chinese, Malay, Indian and Nonya specialities in one meal. At Plum's, daily for lunch and Friday and Saturday for dinner. Price: S2o*. A fabulous one-stop gourmet's dream! PLUM'S fm HYAn REGENCYOSINGAPORE 10-i2Sco»»jOooa Srtgaoore
      780 words
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      Page 12 Advertisements Column 2
      306 12 V The Matterhorn beckons! Savour the works of Swiss masters at the Belvedere. In our month-long fair stretching from August 1-31. With Jellied trout, Rindsroellschen, Fresh oysters, Sauerkraut swiss style, Fondue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at just $31 for
      306 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      246 13 0 r--9 '••Y .>-• Scottish Saddle of Lamb at only $22.50. August 1 —31 Our dinner speciality for August is a highland highlight, Scottish Saddle of Lamb. Z A lamb with a distinct and delicate flavour, your lamb will be finely roasted and served piping hot from the wagon, with
      246 words
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      Page 13 Advertisements Column 2
      54 13 m w m a Z Z V J. 9 FULLY MATURED QUALITY Guaranteed 43% nl I m FINEST SCOTCH WHISKY BLENDED BOTTLED BY Mrotye Csa//an//;tr pfon. %uni/ed C/)ijfy//eei S)iwiAar/ot/. (?fro//and PRODUCT OF SCOTLAND oi ikwt oiw ALLIED WALKER OGTMUTOftS SON BMO SO JALA* PfKCHALA PtTAUWG JAVA MALAYSIA C W K
      54 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      658 13 CRYPTIC PUZZLE ACROSS 4 Latent ability? (6) 7 Where to make love in a broken-down army hut (8) 8 Room to work (6) 10 See a girl first, possibly (5) 13 Work to a warming effect (4) 14 Food incompetently made? (4) 15 Append one's name as a gesture (4)
      658 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1286 13 Model Thai workers wjsssz? r FRIDAY BACKGROUND 7.50pm, Channel 5 Thailand is fast attracting hordes of investors drawn by its abundance of hardworking and cheap labour. A Friday Background team was sent there to find out what makes a Thai worker tick and how competition, family life and religion combine
      1,286 words
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  • SPORTS
    • Article, Illustration
      Lock icon A new record for Reynolds
      509 14 American smashes 20-year-old 400 m mark AP BUTCH REYNOLDS is going to need a new sign. After running the fastest 400 m at sea level, 44.10 seconds, last year. Reynolds put a sign on the wall of his Ohio State University dormitory room. It read:
      AP  -  509 words
    • Article
      Lock icon Lewis wins revenge match
      393 14 AFP OLYMPIC CHAMPION Carl Lewis won his revenge match with world champion Ben Johnson in Zurich on Wednesday. The Jamaican-born Canadian, who pulverised the world record with a winning time of 9.83 seconds when he beat Lewis in Rome last year, was away fastest but Lewis,
      AFP  -  393 words
    • Article
      Lock icon Reid carries off spoils on first day
      439 14 AFP MIKE REID compiled 11 points under the modified Stableford scoring system on Wednesday to win the first round of the US$l million International Golf Tournament in Denver. Reid, whose only win on the circuit was the 1987 Tucson Open, won US$lO,OOO for
      AFP  -  439 words
    • Article, Illustration
      Lock icon Strange unhappy over Cup team
      256 14 AFP US OPEN champion Curtis Strange has fired a broadside at the organisers of golf's World Cup, which will be held in Australia in November. The 33-year-old American took time off from his preparations for the Irish Open in Portmarnock on Wednesday to accuse the
      AFP  -  256 words
    • Article
      Shop around before starting to shape up
      594 14  -  NO MOMBT mani with Mike Cashmore IF YOU VE RESOLVED to get fit, then make sure your health or fitness centre shapes up too. As the craze to keep in trim continues to gather momentum, exercise centres and clubs have sprung up throughout
      594 words
    • Article
      Lock icon Compatriot sends Cash packing from ATP tournament
      284 14 AP GARY MULLER, an unseeded player ranked 173 rd in the world, stunned fourth-seeded Pat Cash in the second round of the Association of Tennis Professionals (ATP) Championship in Ohio on Wednesday Cash, the former Wimbledon champion currently ranked No. 7 in the
      AP  -  284 words
    • Article
      Lock icon Agassi advances to quarter-finals
      273 14 AP TOP-SEEDED Andre Agassi scored a service break in the first game of each set en route to a 6-4, 6-3 victory over Libor Pimek of Czechoslovakia in the second round of the U*****,000 Mennen Cup tennis championships in New Jersey on Wednesday. The victory was
      AP  -  273 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      212 14 1 <^r c- TV —v 4' T i-'-r"' f o.\ A K* 'ft J- v —i H W.« wa» g«s r WE'LL DELIVER To Your Home Or Office AT NO EXTRA >t 'J 2 f/ C2):v U W&lh&tj I\uQ \f[y X SINGAPORE BUSINESS gives you the newest trends affecting the
      212 words
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  • COMPANY NEWS
    • Article, Illustration
      GE Life proposes bonus issue
      287 15  -  By AMY BALAN GREAT EASTERN Life Assurance Co Ltd has proposed a generous three-for-five bonus issue to commemorate its 80th year in business. The company has also declared an interim dividend of nine cents ahead of the release of its half-year results. GE Life last
      287 words
    • Article, Illustration
      Make some, lose some
      520 15 UNITED Industrial Corporation's latest deals have polished its reputation as a shrewd trader. About a year and a half ago it started selling out its equity investments, ploughing most of the proceeds into a number of commercial properties. By end-1987, the strategy was virtually accomplished. Quoted
      520 words
    • Article, Illustration
      Lock icon Magnum Corp finalising takeover of Koperatif Serbaguna Malaysia
      382 15 NST MAGNUM CORPORATION Bhd and its subsidiary, Magnum Finance Bhd, are in an advanced stage of finalising the takeover of assets and liabilities of Koperatif Serbaguna Malaysia Bhd (KSM), the cooperative arm of Malaysian Chinese Association. Magnum Corporation chairman Oh Bak Kim
      NST  -  382 words
    • COMPANY BRIEFS
      • Article
        Tan Chong back in the black with M$7.5m profit
        160 15 TAN CHONG Motor Holdings Bhd. holder of the Nissan franchise in Malaysia, has achieved a significant turnaround recording a group after-tax profit of M 57.52 million for the six months ended June 30, 1988, compared with a loss of $6.69 million
        160 words
      • Article
        Electro Magnetic ties up with Thai company
        112 15 NEWLY-LISTED Electro Magnetic Singapore has signed a joint venture agreement with a Thai partner to set up a factory in Thailand. The new company, called Thai Magnetic Company Ltd, is capitalised at 40 million baht and will be 40 per cent owned by
        112 words
      • Article
        First Allied eyeing manufacturing company
        58 15 FIRST ALLIED CORPORATION Bhd, which recently saw a change in chairmanship, said it is currently in the midst of negotiations for the purchase of a manufacturing concern which has a good track record. First Allied, which is now headed by Senator Mak Hon Kam, a
        58 words
      • Article
        Raleigh gets nod for rights issue
        133 15 RALEIGH BHD said yesterday that it had received approval from the Capital Issues Committee for its proposed 7-for-2 rights issue involving 253.73 million new shares, the listing and quotation of the new shares on the KLSE, the proposed acquisition of 113.74 million shares representing
        133 words
      • Article
        Shangri-La Hotel taking part in URA tender
        79 15 SHANGRI-LA HOTEL Ltd said the company and two other parties submitted a bid on Tuesday for the tender called by the Urban Redevelopment Authority for the development of the proposed International Exhibition and Convention Centre on two land parcels at Temasek Boulevard/Temasek Avenue.
        79 words
      • Article
        Kg Lanjut aborts plan to acquire AHT, BCB shares
        185 15 KAMPONG LANJUT Tin Dredging Bhd said its proposed acquisition of shares in Ayer Hitam Tin Dredging Bhd (AHT) and Berjaya Corporation Bhd (BCB) was aborted as it would not be as meaningful as the proposed acquisition of shares in Panglobal Equities
        185 words
      • Article
        Inch Kenneth reports higher interim profit
        92 15 INCH KENNETH KAJANG Rubber PLC recorded a higher group after-tax profit of MJ1.37 million for the six months ended June 30, 1988, compared with $951,651 previously. Group turnover more than doubled to $913,777 ($411,906) while investment income rose to $1.38 million ($l.ll million). Inch
        92 words
    • Article
      CityDev to sell interest in Hongkong building
      429 15  -  Joint owners hope to fetch up to HKs27om By CORRINA LIM LOCAL PROPERTY GIANT City Developments Ltd is trying to cash in on the property boom in Hongkong. Together with two other joint owners, it has put up a 15-storey industrial building in
      429 words
    • Article
      Lock icon Goodman's bid for Ranks lapses on referral
      184 15 Reuter THE UK DEPARTMENT of Trade and Industry's monopolies referral of the £1.7 billion takeover bid by Goodman Fielder Wattie Ltd for Ranks Hovis McDougall PLC (RHM) means the bid has lapsed, GFW group corporate secretary lan Gilmour said in Sydney yesterday. As
      Reuter  -  184 words
    • Article
      Tiger Balm distributors to discuss marketing strategy
      418 15 TIGER BALM Ltd (TBL), the soon-to-be-listed pharmaceutical subsidiary of Haw Par Brothers International Ltd. is going all out to capture a bigger market for its star product Tiger Balm. The company is rounding up some 35 distributors from 18 countries representing the Tiger
      418 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      389 15 MULPHA (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) CAPITAL REDUCTION Further to the Company's announcement dated 29 June, 1988, the Board of Directors is pleased to announce that the High Court of Singapore sanctioned the Company's capital reduction on 12 August, 1988. Pursuant to Section 73 (6) of the
      389 words
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      Page 15 Advertisements Column 2
      87 15 0 0 Ir v '•If W -T I t 1: ■A a luxurious bungalow on freehold tenure ...in Johor Bakru's finest residential neighbourhood ...is now available. IT COSTS LESS THAN WHAT YOU MIGHT PAY FOR A LUXURY CAR IN SINGAPORE In Malaysia GEDONG PROPERTIES SDN. BHD. 204, Jalan Sri Pelangi,
      87 words
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      Page 15 Advertisements Column 3
      38 15 n.U»T» WANTED SINGAPORE 'TECH-LINK" Safety Electric Plug Key Design TLO3 (Patented)- Converts 2-pin plug to 3 safely •New Improved safety version A need for every home Phone: *****75 Mr. An& Amncy. D JL, India, Hooc ante. Malaysia avallafefe
      38 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      20 15 7?/* maw, AM£> 7?/e£Aftr£- r*a^ t AMP T eowr* &/A*&rars£&/£-./ &/AA&Fcrse&S£'. by Martell OA/ tffAA/... SWf&X/S 7US &U477ZX/&!&*J77t/.. /ur<v«\X &/*Afifiujr
      20 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Untitled
      257 16 ,ndlC# l fl .7 Aug 18 8T Composite 990.64 969.07 BT OB/OS •261 -470 BT CADI -6290 -6422 BT 10-day AAA -6084 -6131 BT OBV *****99 *****91 ST Industrials 1120.27 1096.37 ST Finance 2157.03 2123.52 ST Hotels 703.46 693.75 ST Properties 561.65 549.24 ST Minings 287.12 286.49 ST Plantations 1925.30
      257 words
    • Article
      APPROVED ISSUES
      38 16 Company OTHERS Hotel Prop Non-r*nounc«abl« oH»r by SIMBl of $17 Sn HPt Bonds with warrants attoc on th« basis of $SOO Bonds for 1.000 HPl shorn h«ld at par Ex-dot*: Aug 15 Books close: Aug 25
      38 words
    • Article
      PROPOSED ISSUES
      292 16 Company RIGHTS ISSUE A M D B One-for-four $050 per share C 1 Holdings 27 million loon stocks in the ratio of S3 loon stock for every five ordinary shares held Duta Cons One-tor-one $1 10 per share F N Two-for-five $300 per shore f A C B
      292 words
    • Article
      COMPANY MEETINGS
      151 16 Th« UNITED MALACCA RUBBER ESTATES, Barhad: 74th AGM at No BH. Jalan Laksamana Cheng Ho, Malacca, tomorrow, Aug 20, at noon. THE SUNGEI BESI Mlnas Malaysia Barhad: 12th AGM at the PNB Theatrette, 2nd Floor, Menara PNB, 201 A, Jalan Tun Razak, ***** Kuala Lumpur, on Monday, Aug
      151 words
    • Article
      Unit trusts
      309 16 Managers' prices for Aug 19 Singapore Unit Trust Tha Commerce 101 108 Tho Savings Fund 089 095 S port Prog Fund 0 42 0 46 S port Sot Fund 067 072* S port Invest Fund 0 70 0.75 S'port Equity Fund 0.50 0.54 Asia Unit Trust Mol InvMt
      309 words
    • Article
      Share prices fall sharply in subdued trading
      476 16  -  was < -byi LONG SHIH ROME SHARE PRICES dropped sharply across tha board yesterday in subdued trading. The fall was the steepest since August 10, when Tokyo's plunge pulled the local market 30 points lower. Despite sound local economic fundamentals, brokers said investor
      476 words
  • Article
    SES SHARE INFORMATION
    5321 16 Qr's Qr's 1MS Tal Last Dtv Dtv rid Nat Vol Day Lad 3uoia Hlgi It Low Cod* Company Sale or- C'vr P/E (*000) High Low Buyer Seller SECTION ONfe WOOSTRIAL COMMERCIAL 141 95 X a 1000 Ac ma 121 -7 1 ON 2.4 0.8 50.4 78 125
    5,321 words
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  • SES/KLSE
    • Article, Illustration
      KL stocks continue to retreat for sixth consecutive day
      4015 17 SELLING remained unabated and share prices retreated for the sixth consecutive day on the Kuala Lumpur stock market yesterday. Trading pace picked up a litle but was still on the low side. Brokers blamed the lack of firm leads from overseas
      4,015 words
    • Article
      Sateras to buy fishing net maker for M$8 million
      473 17 SATERAS RESOURCES (M) Bhd, which is on the prowl for new businesses to broaden its earnings base, has identified a target one of Malaysia's largest fishing net manufacturers. Sateras said it has entered into an agreement to buy the entire paid-up
      473 words
    • Article
      DIVIDENDS ANNOUNCED
      465 17 Current En •oaks Date TaM tor Total tar peymen) date CteM payaMe Ms year taat year Alex Hklgj «%tbl Aug 30 Sep 9 Sep 26 6% 6% Botu Kowon 5%l Jul 27 Aug II Aug 22 20% Bar junto i 3% Aug 19 Sep 2 Sep 29 7%
      465 words
    • Article
      BONDS, LOANS & WARRANTS
      571 17 BONDS, LOANS WARRANTS Company Etpkyl Coupon Conversion period Meres! I 1 date p« y •here Choon Hop Wrti 1991 Anytime on or after Mar 1987 1.6 warrants plus $1.60 cash until Dec 31, 1991. Oty D*v Bonds 1994 5% Feb 1 Oty Dev Wrti 1992 Anytime on or after Sep
      571 words
  • Page 17 Advertisements
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  • REGIONAL MARKETS
    • Article, Illustration
      Lock icon More changes await Pertamina
      606 18 FT PERTAMINA, Indonesia's state run oil company, is headed for a change under newly-appointed presidentdirector Faisal Abda'oe, the first civilian to head the corporation. He takes over an enterprise hard-hit by low oil prices but committed to massive downstream investment, a move which could radically transform
      FT  -  606 words
    • Article
      Lock icon Income and sales growth down for South Korean companies
      394 18 FT SOUTH KOREAN companies, hit by appreciation of the currency, higher wages following strikes and an increase in raw material prices, have experienced a reduction in the rate of income and sales growth in first-half results reported this week. Sales across
      FT  -  394 words
    • Article
      Lock icon Bell says fair
      70 18 Reuter DIRECTORS of Bell Group Ltd have recommended Bond Corp Holdings Ltd's A 52.70 a share takeover offer as "fair and reasonable". "In recommending acceptance of the Offer, your directors have taken expert advice from Baring Brothers Burrows and Partners Ltd which has reported the offer is
      Reuter  -  70 words
    • Article
      Lock icon First Pacific to buy into HK company
      78 18 Reuter FIRST PACIFIC International Ltd (FPIL), a unit of First Pacific Holdings, is going to acquire a SO per cent interest in a Hongkong mobile telephone company for HK$357 million. The China Telephone Company Ltd (Chinatel), one of the three licensed holders of
      Reuter  -  78 words
    • Article
      Lock icon Sanwa planning China venture
      119 18 Reuter SANWA BANK Ltd is planning to set up a joint finance company in Shanghai with two Chinese and one Hongkong bank, a Sanwa spokesman has said. In the tie-up are the Bank of China and Bank of Communications, both Chi-na-based, and Hongkong's Bank of East
      Reuter  -  119 words
    • Article, Illustration
      Lock icon Profit-taking sets in
      578 18 Tokyo Reuter SHARE PRICES in Tokyo yesterday closed slightly lower in modest trade as some profit-taking from Wednesday's advance dominated a mostly directionless day. The Nikkei Average lost 49.50 points, or 0.17 per cent, to 28,129.36. On Wednesday it rose 282.31 points. Declines led advances six to
      Reuter  -  578 words
    • Article, Illustration
      Lock icon Banks lead upsurge
      559 18 Australia Reuter STRONG DEMAND for major banking stocks led the Australian share market to a sharply higher close. "The banks led the charge and the market kicked on in the afternoon due to a shortage of stock and increased demand." a broker said. The banking sector soared
      Reuter  -  559 words
    • Article, Illustration
      Stocks finish lower
      1399 18 Hongkong HONGKONG STOCKS closed lower on a lack of buying interest yesterday, with most operators expecting the market to remain dull in the short-term, brokers said. The Hang Seng Index ended 23.25 points lower at 2.571.41. while the broader-based Hong Kong Index slipped 15.35 to 1,696 96
      1,399 words
    • Article
      Lock icon Taipei: Record one-day gain
      332 18 Reuter THE TAIWAN stock index logged another record single-day gain yesterday. The weighted index rose a record 214.21 points, or 2.8 per cent, to close at a new high of 7.***** Wednesday s 209.34point gain was the previous Isrgest single-day jump. Turnover rose to NTJ15.27 billion
      Reuter  -  332 words
    • Article
      Lock icon Bangkok: Fall of two points
      177 18 Reuter THE SECURITIES Exchange of Thailand Index fell 2.26 points to 446.33 yesterday on a turnover of 6.396.841 shares worth 425.01 million baht. Reuter AUG It 1 IAHT Ao Kham Thai Ayudhyt invaatmant 438 438 6 2 Bangkok Aground Bangkok Bank Bank Of Ayudhya 109
      Reuter  -  177 words
    • Article
      Manila: Speculative buying
      87 18 SHARES in Manila yesterday gained ground as speculation dominated trading following reports of butane gas traces at Verde I oil well in Palawan island. The Manila Stock Exchange's Composite Index rose 2.75 per cent to 824.52 points after the oils index jumped 9.5 per cent to 6.524.
      87 words
    • Article
      Lock icon Seoul: Heavy buying
      242 18 Reuter SHARE PRICES in Seoul yesterday rebounded in active trading as heavy buying emerged in the afternoon, brokers said. The composite index gained 4.17 points to close at 710.61 on turnover of 280.1 billion won against Wednesday's 215.2 billion won. Wednesday s bearish mood overshadowed early trading
      Reuter  -  242 words
    • Article
      Lock icon Bombay: Upsurge continues
      155 18 Reuter SHARE PRICES on the Bombay Stock Exchange yesterday continued the upward trend of Wednesday as stateowned financial institutions carried on buying, brokers said. Institutional support triggered frantic short covering amid growing expectations of increased demand, they added. Brokers said sentiment was unaffected by Pakistani President Mohammad
      Reuter  -  155 words
    • Article
      Lock icon New Zealand: Slightly firmer
      129 18 Reuter THE NEW ZEALAND sharemarket closed slightly firmer yesterday after a day of dull, uninspired trading. Brokers said the market was following the trend set by a small four-point increase in the Dow Jones Industrial Average. "It's the same old story," said one broker. "In their
      Reuter  -  129 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      457 18 Z555H IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BUSNOS PRIVATE LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Busnos Private Limited duly convened and held at 111 North Bridge Road #12-01 Peninsula Plaza,
      457 words
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      Page 18 Advertisements Column 2
      184 18 808 ROBYNS PTE LTD (In Members Voluntary Winding Up) Notice is hereby given pursuant to Section 306 (20 of the Companies Act, Cap. 50 that the final meeting of members of the abovenamed Company will be hold at 1 North Bridge Road #19-07/06 High Street Centre Singapore 0617 on 19th
      184 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon Blue chips eke out a small gain
      840 19 New York Reuter BLUE CHIPS on Wall Street managed to eke out a small gain in the last moments of trading on Wednesday, but the advance failed to rouse the general market, which closed softer. Traders said the market appeared to be struggling
      Reuter  -  840 words
    • Article, Illustration
      Lock icon Stocks show little change
      1001 19 London Reuter LONDON SHARE prices within the FTSE 100 share index mostly showed little change in thin early business yesterday, reflecting Wall Street s performance on Wednesday. The FTSE 100 index opened at 1,829.9, one point down from Wednesday's close. On Wednesday, the FTSE 100 closed
      Reuter  -  1,001 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1923 19 Reuter ZURICH: Swiss share prices closed steady in moderate trading yesterday as investors became uncertain about the future trend on Wall Street, dealers said. The firm dollar had only limited impact on the market that "was not euphoric", one dealer said. After Wednesday's gains, some profit taking
      Reuter  -  1,923 words
    • Article
      Lock icon Fisons to buy Pennwalt unit
      70 19 Reuter FISONS PLC has agreed to acquire the pharmaceutical division of Pennwalt Corp of the US for US$46O million, around £271 million. in cash. The company said the acquisition will be partly funded through a one-for-six rights issue at 205p per share to raise some
      Reuter  -  70 words
    • Article
      Lock icon London hit by insider trading suspicions
      641 19 Effectiveness of 'Chinese Walls' rules questioned Reuter LONDON'S financial community has been jolted in the past week by new suspicions of insider share trading that have revived doubts over business ethics among the country's investment firms. Critics say the discovery of 30 such cases
      Reuter  -  641 words
    • Article
      Lock icon Third-quarter earnings up at Hewlett
      149 19 NYT HEWLETT-PACKARD has reported an increase in its third-quar-ter earnings, putting to rest widespread rumours that its results would be flat. Its orders for the quarter rose by 13 per cent to U552.53 billion from U552.24 billion. International orders rose by 27 per cent to
      NYT  -  149 words
    • Article
      Lock icon Battle for Farmers likely to end in friendly merger
      384 19 Reuter A SEVEN-MONTH, US$5 billion battle for control of Farmers Group Inc is expected to end in a friendly merger now that Farmers has agreed to meet suitor BAT Industries PLC, according to analysts. Industry analysts said Lon-don-based BAT's sweetened, US$72
      Reuter  -  384 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      458 19 THE BANK OF EAST ASIA, LIMITED INTERIM REPORT 1988 The Directors of Hie Bank of East Asia, TimitaH annnniv» that the unaudited consolidated profit after providi making transfers to inner reserves for the 30th June, 1968 amounted to HK579,282,000, of 15.2% as compared to the profit of HI period of
      458 words
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  • Article
    Govt engages top gear in automation drive
    586 20  -  EDB chairman to head high-level committee By JEFFREY TSANG WITH THE manufacturing sector accounting for 28 per cent of Singapore's gross domestic product, the government has accepted an extensive plan to promote factory automation to improve Singapore's competitiveness. In line with recommendations laid
    586 words
  • Article
    Singapore lags behind NICs in robot usage
    250 20 SINGAPORE is lagging behind developed countries as well as other Asian newly-industrialising countries in automation. A report put up by the National Automation Master Plan Committee showed that Singapore only had 7.8 robots per 10,000 manufacturing workers in 1986 well below the level
    250 words
  • Article
    Lock icon Wanted: military presence at Thai Cabinet meetings
    182 20 AFP THAI Prime Minister Chatichai Choonhavan wants a high-level military officer to attend regular Cabinet meetings. The state-run Thai News Agency (TNA) quoted Mr Chatichai as saying yesterday that the government "should let soldiers enter and listen (to) be informed of various issues
    AFP  -  182 words
  • Article
    Lock icon Japanese to retain low-tech production
    388 20 Reuter JAPAN, now at the industrial crossroads where the US was years ago. is determined not to abandon all its production of lowtechnology goods a mistake it believes America had made. By contrast, this determination is also forcing Japanese companies to adopt more high technology
    Reuter  -  388 words
  • Article
    Lock icon Indonesian economy grew 3.6 pc last year
    257 20 AFP INDONESIA'S gross domestic product (GDP) grew 3.6 per cent last year, largely because of stronger crude oil prices, an official report said yesterday. The GDP figure, measuring the output of goods and services minus foreign deals, was contained in an annex to
    AFP  -  257 words
  • Article
    Lock icon Teeming with illiterates
    150 20 AP THE WORLD now has 884 million people over the age of 15 who can't read or write, with one out of every four living in China, according to a UN Educational. Scientific and Cultural Organisation report. The report, delivered at a regional meeting in the northeast
    AP  -  150 words
  • Article, Illustration
    Francis Seow to be tried in December for tax evasion
    254 20 FORMER Solicitor-General Francis Seow was formally charged with tax evasion yesterday, and ordered to be tried in December. In a packed subordinate court yesterday afternoon, Seow finally had six tax-evasion charges formally read to him. Due to a procedural oversight,
    254 words
  • Article
    Zia: Singapore sends condolences
    121 20 THE PRESIDENT and the Prime Minister yesterday sent condolences to Pakistan on the death of its president in a plane crash on Wednesday. President Wee Kim Wee, in an official message of condolence addressed to Pakistan's Acting President Ghulam Ishaq Khan, called President Zia's demise "a
    121 words
  • Article
    Lock icon Beijing adopts price and wage reform plan
    274 20 Reuter CHINESE communist party leaders have ended annual talks at a seaside resort and agreed on a five-year draft plan to reform their country's system of prices and wages, the official New China News Agency said yesterday. The agency said the threeday meeting
    Reuter  -  274 words
  • Article
    Lock icon Comex gold and silver
    109 20 Reuter COMEX GOLD futures opened stronger yesterday but eased off highs to trade narrowly mixed after the metal failed to generate follow-through buying. October gold fell US$O.3O to U*****.80 an ounce after trading between U*****.20 and U*****.80. Central bank intervention pushed the US dollar lower and
    Reuter  -  109 words
  • LATE FILE
    • Article
      Lock icon Sino-Soviet talks on Cambodia
      65 20 AP CHINESE and Soviet officials will meat in Beijing on Aug 27 in search of solutions to the Cambodian conflict and to the impasses in longstrained Sino-Soviet relations. A Chinese Foreign Ministry spokesman in Beijing said at a weekly briefing yesterday that the talks, the first
      AP  -  65 words
    • Article
      Lock icon Two Koreas to hold discussion
      63 20 AP SOUTH and North Korean delegates will meet for the first time in nearly three years today to discuss easing tension and co-hosting the Olympics, but prospects for any progress appear shaky. Five legislators each from the two sides will meet at the truce site
      AP  -  63 words
    • Article
      Lock icon More Polish miners join strike
      58 20 AP LABOUR UNREST spread to a fourth coal mina in southwestern Poland in growing protests over wages, working conditions and government suppression of the banned Solidarity trade union. Polish opposition leaders yesterday said more than 2,000 workers at the Andaluzja coal mine in Piekary Slaskie
      AP  -  58 words
    • Article
      Lock icon Jobless rate in Britain drops
      44 20 AFP BRITISH UNEMPLOYMENT dropped in July to round off two full years of uninterrupted decline, while broadly defined bank lending jumped by a seasonally corrected £9 billion in July, a record monthly increase, official sources in London said yesterday.
      AFP  -  44 words
    • Article
      Lock icon No progress over new president
      40 20 AFP THE LEBANESE Parliament yesterday adjourned a session to pick a successor to President Amin Gemayel, as it failed to attain a quorum and find common ground between the country's pro- and anti-Syrian forces. AFP
      AFP  -  40 words
    • Article
      Lock icon No smoking on local MAS flights
      36 20 Bernama MALAYSIA AIRLINES (MAS) will enforce a no-smoking regulation on its domestic flights in the peninsula soon, Malaysian Transport Minister Datuk Or Ling Liong Sik said in Kota Baharu yesterday.
      Bernama  -  36 words
    • Article
      Lock icon Burma govt meet to select new head
      59 20 Reuter BURMA'S socialist government met in secrecy to search for a new leader yesterday as demonstrators demanding democracy kept up the pressure with renewed street rallies in defiance of martial law. Diplomats in Rangoon contacted from Bangkok said protesters staged a mass march
      Reuter  -  59 words
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      86 20 sick and tired of looking for the right apartment? Why not drop in to our Open House. have a cool drink, enjoy the views and pleasant surrounds, see our "country club" facilities, appreciate the Orchard Rd location and take comfort in tip top 24 hr security at ARDMORE OvfiOpTT OwW
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      343 20 t J i 7i J. K B I' \*43& 9 r To //ie Kingdom of the Free IT s unfortunate that the only things about Thailand that seem to attract Singaporeans are its forbidden delights and sundry pirated products ranging from EMI music to Cartier watches. Exocutl¥o Llfeatylt tomorrow travels
      343 words
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  • SHIPPING TIMES
    • Article
      Wide response to Johor Port's free trade zone
      404 21  -  By G DURAIRAJ THE FREE trade zone at Johor Port, the first and the only one of its kind in Malaysia, has elicited wide response from a number of companies keen to set up production or manufacturing bases at the southern sea
      404 words
    • Article
      Lock icon PNL told to launch direct Brunei-Manila run
      280 21 Manila Chronicle THE PHILIPPINE National Lines (PNL) has been asked to start a service transporting goods directly between Manila and Brunei. Philippine Trade and Industry Secretary Jose Concepcion, has also instructed the Philippine Shippers Council (Shippercon) to find ways to reduce the freight
      Manila Chronicle  -  280 words
    • Article
      Lock icon Bilspedition buys substantial share in shipping company
      205 21 Reuter SWEDISH road haulage company Bilspedition AB has agreed to buy 72 per cent of the shares and 74 per cent of the votes of shipping company Rederiaktiebolaget Transatlantic. Analysts said the deal valued the company at around 780 million crowns. Bilspedition said
      Reuter  -  205 words
    • PORTSIDES
      • Article
        Turkish ship missing
        91 21 A TURKISH ship was reported missing, a day after it sent out a distress signal while sailing in Indian waters, the Press Trust of India (PTI) said. An Indian naval vessel failed to locate the 4.017-tonne MV Arc after a 12-hour search off the Lakshadweep coast on
        91 words
    • Article
      Lock icon Dry cargo freight rates may strengthen in Gulf
      714 22 Reuter INCREASED demand for dry cargo ships carrying cargoes into the Mid-East Gulf, if and when a Gulf War ceasefire takes place, will cut tonnage availability elsewhere and possibly strengthen freight rates. Clarkson Research Studies Ltd said. The Gulf is a net
      Reuter  -  714 words
    • Article
      Lock icon Carnival to buy cruise unit for US$260m
      103 22 Reuter CARNIVAL Cruise Lines has agreed in principal to buy Gotaas-Larsen Shipping Corps cruise line business, including interests in Royal Caribbean Cruise Lines and Admiral Cruise Lines, for about US$26O million, subject to adjustment. Carnival said the transaction is subject to approval by
      Reuter  -  103 words
    • Article
      INDEX TO ADVERTISERS
      1028 22 A West Murine XII AB Shpg V ABC Contomer IX Accord Shpg VI Ahrenkiel liner X Alltroos VII AC Toepfer XI American Tpt XI Anro Service IV Arrow tines IX Asian Oceon XI Assoc Carrioge XI Atlas line X ANl 1 A PC line V API III
      1,028 words
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      Lock icon Indian ministry proposes 50pc subsidy for shipyards
      521 22 Fairplay INDIAN SHIPYARDS are likely to get a government subsidy to the extend of 50 per cent of the notional international parity price (IPP), if a proposal of the Ministry of Surface Transport goes through. The IPP is calculated on the basis of
      Fairplay  -  521 words
    • Article
      Lock icon PAT offers high earnings for operating two ports
      352 23 Bangkok Post THE PORT Authority of Thailand has claimed it would be able to offer the Thai government up to 949.50 million baht (Ss76 million) in benefits if it was allowed to manage the Phuket and Songkhla deep-sea ports for 10 years.
      Bangkok Post  -  352 words
    • Article
      HK retains top spot in box league
      188 23 HONGKONG is likely to retain its ranking as the world's busiest container port, judging by the 15.4 per cent rise in container throughput for the first half of this year The South China Morning Post quoted figures from the Marine Department, that 1.9
      188 words
    • Article
      SHIPPING EVENTS
      405 23 Aug 19-21 The TransLink group of international freight forwarders will hold its first regional meeting at Boulevard Hotel in Singapore. About 30 top company executives from Singapore. Hongkong, Manila. Brunei. Bangkok, Jakarta, New Delhi and from Allied-Link in Kuala Lumpur and Penang will discuss strategy and adjustment of
      405 words
    • Article
      Lock icon Hanjing Container and Korean Shipping set to merge on Oct 5
      336 23 Fairplay FOLLOWING an announcement at the end of June that a merger accord had been signed. South Korean shipping companies Hanjin Container Lines and the Korean Shipping Corporation (K9C) are set to form a new merged company on Oct
      Fairplay  -  336 words
    • Article
      Companies team up to market warship design
      168 23 YARD LIMITED and Voeper International Limited are to join forcea to market small warship design and construction technology, following an agreement concluded in Glasgow recently. As a result Vosper International, which was acquired by private Scottish interests earlier this year, will relocate its
      168 words
    • Article
      Lock icon Smit Matsas to the rescue
      60 23 Reuter THE SALVAGE tug Smit Matsas 2 arrived alongside the 16,615 dwt Panamanian motor bulk carrier Aurora Ruby to start salvage services, Lloyd's Shipping Intelligence said. The Aurora Ruby ran aground on uncharted sand oft Gizan, Saudi Arabia, on Aug 7. It had been bound
      Reuter  -  60 words
    • Article
      BUNKER QUALITY MARKET REPORT
      126 28 Area/Port Viscosity Density Water CST at 50C G/ML at 15C Volume 0/0 Africa/Red Sea Jeddah 23/186 0.912/0.957 0.0/3.1 Durban 132/182 0.980/0.991 0.0/0.8 Arabian Gulf Ras Tanura 167/268 0.950/0.987 0.0/0.2 Bahrain 182/184 0.976/0.977 0.1/0.1 Europe Rotterdam 31/539 0.955/1.010 0.0/2.0 Hamburg 34/385 0.933/0.989 0.0/0.9 Le Havre 31/349 0.932/0.987
      126 words
    • Article
      LONDON FREIGHTS
      1216 28 TIME-CHARTER operations provided most of the interest on the London shipping freights market on Wednesday The market was subdued and the rate undertone appeared unchanged to marginally firmer for US Gulf grain loaders, but no fresh fixing emerged. Far Eastern time-charter offtake included Star Shipping's booking of the
      1,216 words
    • Article
      SHIPPING LIST where your ships are due... and when
      9031 28 AAMHUfI Ming Progress Yang Ming Aug 20 Ym He China Ocean Aug 21 Ever Gaming Evargraan Aug 21 Toyama ScanOulcbt Aug 22 Villa da vesta CM 0 Atretlement Aug 23 Anna Maersh Maersk Lina Aug 25 Hamburg Eipreaa Triot Aug ?7(PK).
      9,031 words
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      SHIPS IN PORT
      1434 28 AT CONVENTIONAL WHARVES VMMI Bt%I i Arrival KEPPEL WHARVES Su>ld«< M K22 olongsid* 19 *****0 Hoti Bo* JMO* IC2I olongsid* 19 *****0 K23 alongside 1908/1300 lionhuonshon K32 alongside *****600 N*d Akmaar KI8 olongsid* 2006/0600 Pocihc Soto K20 olongsid* *****(00 Son Juan KU olongsid* 2108/2300 Strain Ventura K24C
      1,434 words
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      Meat rates drop sharply in North American trade
      493 32  -  By KINGSLEY WOOD FREIGHT rates in the North America meat trade have tumbled as the sharp depreciation of the Australian dollar has cut the currency adjustment factor (CAF) from 17.58 per cent to 10.82 per cent since September last year. CAF is
      493 words
    • Article
      Lock icon Australia and New Zealand asked to restrain meat exports
      370 32 Reuter THE REAGAN administration has asked Australia and New Zealand to cut back their meat exports to the United States or face a quota ceiling, US diplomats said. Australian Agricultural Counsellor Timothy Mac Key and New Zealand's senior trade representative David
      Reuter  -  370 words
    • Article
      Lock icon Chemical waste will be returned
      194 32 AFP A SHIPMENT of allegedly carcinogenic West German chemical waste which was sent to Turkey will be transhipped in the Netherlands and returned to West Germany, a Dutch port union spokesman said. The spokesman said the shipment's West German owner Dieter Weber has been told
      AFP  -  194 words
  • Page 21 Advertisements
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      667 21 *°v hi, TIMES STP Distributors T <m»t Pu(Mis/uo9 Croup OOCL dedicated to Qualify Service JARDINE SHIPPING AGENCIES 200 Cantonment Road, #12-05 Southpomt. Singapore 0206 Tel *****11 TMu RS ***** Facsimile *****09 TERMINAL/CFS Til *****18 *****19, *****20 FOR CUSTOMER SERVICE INOtIIRIES ANO BOOKINGS TO *****30 ft PEIAKA JAR DINE IHIPPIIW AGENCIES
      667 words
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      Page 21 Advertisements Column 2
      120 21 mm INCREASED demand for dry cargo ships carrying cargoes into the Mid-East Gulf, if and when a Gulf War ceasefire takes place, will cut tonnage availability elsewhere and possibly strengthen freight rates, Clarkson Research Studies Ltd said. Page II THE PORT Authority of Thailand has claimed it would be able
      120 words
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      Page 21 Advertisements Column 3
      843 21 V MMM TIMES STP Distributors sn** f0 t fojjU StCCt- line This week Anna M 8810 CY 24/8 2300 HAS CFS 24/8 1300 HRS To Europe— UK Scandinavia Finland ANT ROT BRV ANNA M M PARIS M ROTTEROAM ANDERS M AXEL M M TOKYO Mediterranean Sea M Mondo M Mondo
      843 words
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      603 22 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT FRANKFURT EXPRESS HAMBURG EXPRESS LA SEINE LONDON EXPRESS BENALDER BENAVON OSAKA BAY KAGA ALSO ACCEPTING CARGO TO ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG BREMER- R DAM/ ANTWERP LE
      603 words
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      Page 22 Advertisements Column 2
      17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 22 Advertisements Column 3
      543 22 IC I I -U -I. Agenti Optorg Shipping Pte Ltd PCjLLSH CjC hAN L Nto Ttl vn-u PK Mn| xram LI OI I V_ L_ AA I Tele. RS ***** Petaling Ja*a ?sfc?M3 75"5603 fai Z?SiB5l Penang (fUHLAUD ifl MOTIWOHL 2m WtKLARO 7-B EACON SERVICE (FULLY CONTAINERISED SERVICE) FROM EUROPE
      543 words
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      Page 23 Advertisements Column 1
      1228 23 The Straits Steamship Group r Mansfield Container Shipping PteLtd P&O Containers COMTAINERSHIP SERVICE TO UK/CONTMENT:) Also Accepting Cargo For: to Cop—Wif n. AariMt. hMa to <■>—>. AaatortM. XONTAINERSHIP SERVICE FROM UK/CC HNALOCR Satod Si* KNAVON SmM S«* TXAMtS MAW SliM Sa.t« OSAKA BAY SmM Saita KASUSA MARU SMM S«N LAWS
      1,228 words
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      Page 23 Advertisements Column 2
      561 23 C SAV Corrporvj SudAmcncjra dVjpcrcs S A FEEDER S PORE MOTHER VESSEL HK TOKO MICA KM ANTOFVALP SAI St! SJ.'ff* v 4357 W- wu aw a« am CSAV 1 In VELAY 1M 7/11 lUtf CSAV* \m I CAR CAJWIER (1) «1 CARGO FOR PUNTA ARENAS. TALCAHUANO (SAN VICENTE) ACCEPTED WITH
      561 words
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      Page 24 Advertisements Column 1
      526 24 US I NOSE m MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN EKRAM IRAN TEYFOURI IRAN BAYAN Singapore m In Port 23/8 Loading for:BANDAR ABBAS BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNC/8. PACIFIC SERVICE DARA SAMUT Singapore Loading for: 8/9 LAE, PMB, HRA MICRONESIA SERVICE OCEANIA
      526 words
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      Page 24 Advertisements Column 2
      996 24 J&Sline iltn tmrrms cm***a rua FULLY CONT AINERIS ED S EJ* VICE TO EUROPE VIA SUEZ "T1 Member of the Ace Consortium S pore LeHavre Fstowe R dam H burg B haven KOREAN CHANCE 38W 21 8 89 99 11? 13? 149 ACE CONCORD 16W .'8 8 159 169 179
      996 words
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      Page 24 Advertisements Column 3
      208 24 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 23/8. 24/8 30/8 AFGHANISTAN NEW SERVICE KABUL/HAIRATAN/TORGHUNDI 1/9 20/9 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE 30/fl 111/O I Also occoptlng to Darwin AUCKLAND, WELLINGTON, LYTTLETON, DUNEDtN NAPIER 24/® 4 30/8 EUROPE HAMBURG, ROTTEROAM, BARCELONA, FEUXSTOWE, LONDON, ANTWERP Alio accepting to:
      208 words
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      Page 24 Advertisements Column 4
      1033 24 smrrirso times, friaay, Augusi i», i»oo EVERGREEN Full Container Seri/i ce East Bound (FE/CARIB/US£C/EUM /FE) EVE* GENTRY EVE* GATHER EVER GOVERN EVER GARDCN EVER GROWTH ALSO ACCEPTING CARGO TO »J M W 20 SO M 2/M JJ W <1 tp io/i an (At no %nt SO M 11/9 12/® 14/8
      1,033 words
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      Page 25 Advertisements Column 1
      1028 25 x PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL KOTA EAGLE MAJAPAHIT GOWA VOY SIN JKT SBV VOY 15SS SM 20/9 23V» 19NB 2SSB 27 It 30/1 1/9 29M8 2958 10/9 1M 1M 30MB ACCEPT MO MURORAM HfTACMI CARGO VIA
      1,028 words
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      Page 25 Advertisements Column 2
      467 25 irjk BEN LINE CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SaN MAIN LINE HKC NOUMEA SUVA AKL NAP TM Hit ANANGEL L£AOER 10S 5/9 3/10 7/10 10/10 13/10 S/9 ACRITAS 3S 2tVS 19/10 2*llo 27/10 30/10 23/9 ARISTOTELIS *S 5/10 3/11 7/11 10/11
      467 words
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      Page 25 Advertisements Column 3
      440 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TDIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSI/VOY SRIWIJAYA/24W8 OCEAN PRIMA/UWB KUTAI 15WB ANTWERP H'BURG/ ROAM/ADAM BREMEN 14/10 12/10 30/10 3/11 29/10 5/11 Subject to Inducement. Also accepting cargo to Casablanca, Poet
      440 words
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      Page 25 Advertisements Column 4
      326 25 BOUSTEAD SHIPPING AGENCIES AGAN VI3IW A-AN VUM BURMA FIVE STAR I SHIPPING CORPORATION (Burmese National Line) J Loading for Rangoon S'pore P.Kelang Penang Bangkok HIS Au| 30 Aug/1 Sep St BANK LINE SEMI CONTAINER SERVICE NORTHBOUND TO UKC IVYBANK V22N TAUSALA SAMOA VI3N MORAYBANK V6N SPORE RDAM HULL HMBG 9/9
      326 words
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  • Page 26 Advertisements
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      667 26 K'linb KAWASAKI KISEN KAISHA, LTD. RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH N. AMERICA-ATLANTIC COAST RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH N. AMERICA PACIFIC SOUTH-WEST VOY LA LB OAK 21/9 28/9 5 10 12,10 CHICAGO NYC 22/9 25/9 29/9 7 10 6/10 9/10 13 10 16 10
      667 words
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      Page 26 Advertisements Column 2
      262 26 pmsaiEma \Q\ OOIUGMAMA UIIUE S POBE P KELANC PENANC INCHON BUSAN INSA VW7 31 Aug 1S« X1S«) I3S«p mx «s* "*P us£ THEA S VIOS IS«p Sep 10 Sep 20 Sap U Sep SINGAPORE GLORY US* 14 Sep 24 Sep sip BUSAN GLORY VtlO 19 Sep X Sep 21 Sep
      262 words
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      Page 26 Advertisements Column 3
      748 26 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL7FCL Container* Sinppori P t.etang Penang loedtng tar Mottier Vtl B, 'etatf By Feeder KALIDAS V 38 Aug Frem«Mb/Sydn/Ad*l TULSIDAS VJ7 8 S*pt I Sept I Sept FronlMb SrOn AM KALIDAS V.39 SOP 29 Sept 29 Sept FrenvMefc'SrdnAdel TULSIDAS V3B Oct 19 Oct 19
      748 words
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      Page 26 Advertisements Column 4
      628 26 STRAITS/PERSIAN GULF SERVICE GOLDEN BEAR Cotombo/Karachi/Dubai 00l DEN HARVEST Colombo Karachi 'Dubai CHINA SERVICE BAI YUN SHAN Shanghai HsinKang A VESSEL Huangpu Shanghai GOLDEN LINE 1 GUAN GUAN SHIPPING (PTE) LTD Z3. T#»ot Aytf Strati SINGAPORE 0104 TEL BUM (10 LINES) Fai: *****04 ILF SERVICE: S'pore P Keiang Penary Karachi
      628 words
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      Page 26 Advertisements Column 5
      510 26 1 PHIUOM€NT LIN€S PTC LTD HtAO OFFICE 63 AOHNSON ROAD -07 12 AFRO ASIA BUILDING. SINGAPORE 0106 TELE* RS ***** PHIII FAX *****76 EAST/FM EAST Ftt A LCI S ETA SINGAPORE DESTINATION JEDDAH (LCD mmmmw rtwrrm i..!»." j n 2S It NEW GENTRADE 20/1 ■•J.W 'n:! I 1 lain LATTAKIA.
      510 words
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      Page 27 Advertisements Column 1
      1233 27 NOL NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD Fl General Enquiries: Tel: *****77 Terminal crs BOOKINGS *****22 *****53 NEPLINE SON BHD MMV NEPLINE SON. BHO. 2tl«J3 NEPLINE SON. BHO. NEPLINE SON. BHO. OB—CTMi Ft EU/AUST TP A/St A S: 27*5753 27*5742 27*111 *****11 27*111 27*141 INWARD/OUTWARD ENQUIRIES: *****44 FAR
      1,233 words
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      Page 27 Advertisements Column 2
      472 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO. P. KELANG, PENANG, KEELUNG. BUSAN, INCHON STRAITS/KOREA SFRVirF WEF JUNE 1) BUSAN I SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE II SERVICE!! N mt ETO BS SPORE PKELA»C KEE BUSAN MO JI 9 OwMWW 11/01 22-2«/« 25-27/ M 03-03/09 (K 01/09
      472 words
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      Page 27 Advertisements Column 3
      606 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG P KELANG MESSRS HAI THONG SHIPPING 127 Peiang Street. Penang. Malaysia MS HANDLING SYSTEM CO SON
      606 words
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      Page 28 Advertisements Column 1
      304 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Lines* FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A.'B SSCAD r DSR-LINES l VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN ft NORTH CONTINENT EUROPE -Vl* UUNWCA: ACCEPTING CARGO FOR LIMASSOU BEIRUT,
      304 words
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      Page 28 Advertisements Column 2
      37 28 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL i J»>7« d >1 l. j > irv IS] COMPAGNIE MALGACHE de navigation 1 (Madagascar National Shipping Lina) Timative NUyotle Moron HINODE RISEN CO. LTD. SPECIALISED HEAVY LIFTERS AVAILABLE
      37 words
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      1124 29 -r-i; REGULAR EXPRESS FCL LCL SERVICE I ABC CONTAINERIZE N.V. iDE^ooal TQ AUSTRALIA/NEW ZEALAND vu T* Eiprtu 207 2M 3fl M 1W •wM 210 fc'lo 12.10 llt 10 16 DAYS TO SYDNEY! TO USA/CANADA Trrt Eiprtu 207 |2U j 13,10 M 2*lo IriAMl no Wwp" m 120,10 vu Also accepting
      1,124 words
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      Page 29 Advertisements Column 2
      337 29 fcCSPIOP SHIPPING AGENCIES PTE. LTD "Tel: *****66 (16 Unci) Fix: *****61 LCL FIXED CONSOLIDATION T S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore to S'pore
      337 words
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      Page 29 Advertisements Column 3
      323 29 < cfs > CRYSTAL FREIGHT SERVICES BEST RATES EVER LOS ANGELES WEEKLY CONSOL SERVICES FAR EAST BUSAN 25/8/88 BANGKOK 23/8/88 HONG KONG 24/8/88 KEE/KAOH 21/8/88 SW LANKA COLOMBO 29/8/88 AUSTRALIA MELBOURNE/SYDNEY 1/9/88 CALL BOOKING HOTLINE FOR BEST RATES 2 2 3 3 12 2 TEL *****68 TELEX ***** CFSIN FAX
      323 words
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      Page 29 Advertisements Column 4
      143 29 Ikk WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES AQent: MMM-ASM SHIPPING (S| pn LTD Tel: *****88 (8 Lines) Tlx: RS ***** B. C BANGLADESH NATIONAL LINE (Bangladesh Government Enterprise) Jfft EXPRESS Hitter SERVICE (FULLY CONTAINERISED) VSL SPORE CAL MONQ.A CTG Banglar Urmi 8-1# 22-24/8 29/8-2/9 3-4/9 5-1/9
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      Page 29 Advertisements Column 5
      245 29 JbbH UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 Q IRAQI LINE IRAQI STATE ENTERPRISE FOR NARITINE TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR MV SINDBAO 29/8 Japan WEST BOUND SERVICE ETA S PORE LOADING FOR MV ALWASITTI 24/8 Jeddah. Aqaba, Bagtxlad THROUGH
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      544 30 FINE-LINER SHIPPING PTE LTD 70 Shenton Way. 04 02C Marina House S pore 0?07 TEL: *****77 (8 Lines) TLX RS ***** FLINER FAX *****56 MIDDLE EAST GULF SERVICE Sfp«t IHQ Ml SHJ AN M KIT IM DOM m vjt ait m m nit m 2/1 in w in tn ion
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      Page 30 Advertisements Column 2
      687 30 ZIM Ti ACCtPTINC CAMO TO AOCIAIOC VIA MELBOUME AND AIJO FCL TO MAM ZIM EIULT COHTAINEIK UNE VESSEL ZIM OSAKA ZIM KOfER ZM YOKOHAMA ZIM KAOMSIUNG GOLD STAR LINE GOLD ORLI Abtdjan/Apapa/Lagos/Cotooou Port Harcourt/Tema/Monrovia'Lome 15/9 GOLO MOUNTAIN CTG, Colombo. Mombasa, D.E.S., Durban, Maputo 21/8 OSAKA MARU Durban, Port Elizabeth, Capetown
      687 words
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      Page 30 Advertisements Column 3
      299 30 WiV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE i LOADING FOR YOKOHAMA, KOBE, NAGOYA. MOJI. TOKYO* V A AND OTHER JAPAN PORTS* ft ALSO ACCEPTING CARGOES TO PUSAN* HONGKONG*, Q DAVAO* AND TO OTHER REP. OF PHILIPPINES PORTS* Pwunf* P. Kttang* Sinf»port K THOMASEVERETT Gdn K2l/22 A* HUGHEVERETT 29/36 Ajf W
      299 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      518 31 INTERCONTINENTAL LINES JEURO EASTERN BLOCK SERVICES WEEKLY FCL/LCL CROUPAGE FROM SINGAPORE PORT KELANG PENANG UK. HAM. RTM, L HAVRE, ANT. GENOA. ARAHUS. STOCKHOLM, Ha. CPH. GOTBG, MARSEILLES. OLSO A ALL INLANO DESTINATIONS POINTS. SEABRDI6E FAB EAST, VIETNAM CHINA SERVICES WEEKLY FCL/LCL GROil PAGE FROM SINGAPORE PORT KELANG PENANG IKK. JKT,
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      Page 31 Advertisements Column 2
      236 31 Consolidation Service NEW CALEDONIA TAHITI SIN 31/8 NOUMEA 22/9 PAPEETE 27/9 MAURITIUS REUNION ISLAND SIN 25/8, 30/8 PORT LOUIS 4/9 REUNION 13/9 FRANCE SIN 23/8 MARSEILLE 9/9 LE HAVRE 14/9 TRANSTAINERS delmas-vieljeux WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight Pte Ltd Tel:
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      Page 31 Advertisements Column 3
      449 31 k.\ iT TEL: 733*411 FAX: *****47 TELEX: RS ***** BKHBT LCL/FCL SERVICE JENHOL V.7BN JENWEL V.BIN JAKARTA JAKARTA DESTINATION ETA S PORE BANGKOK 23/8. 29/8 PORT KELANG 22/8, 29/8 HONG KONG, CHINA PORTS 24/8. 28/8 KEELUNG. KAOHSIUNG 21/8. 28/8 MANILA 21/8. 28/8 BUSAN 20/8, 25/8 KOBE. TOKYO 23/8, 29/8 SYDNEY.
      449 words
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      Page 31 Advertisements Column 4
      587 31 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* SP PKI PN BIW KAOH QSELATAN IXV-74 Sid 26/7 C/SELATAN VIII Vl3 SW 70 WSELATAN VI V-B SW 10/1 TBN 20/8 24/1 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW
      587 words
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      Page 31 Advertisements Column 5
      341 31 PTC CONTAINER LINES FCL/ICL SERVICE PTC GTOOP B C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL SIN AFCHAWISTAW 8/9 HAIRATAN/KABUL/TOURGHUNDI General Agents POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 FAX: *****41 TLX: R*****6 (MEMBER OF THE PRESS GROUP) WEEKLY CONSOL SERVICE LCL/FCL U.SJL (East West Coast all inland
      341 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      401 32 I// Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines, TLX RS ***** RS ***** ft. I ASII KN \K lIM R. I[ STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS VESSEL SEKI AKEISHI VOY NO 58 S pore In Port P. Kelang Sid Kuantan 28/8 Yokohama 13/9
      401 words
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      Page 32 Advertisements Column 2
      249 32 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSI Spore L«H<wt Competing VSL For Cult: TOYAMA V2C 22$ M STUTTGART EXP B. PERMAI V 792 m 15/9 OUSSELOORF EXP w»rVrru7 JUTLANCHA VXg |Sfl 72ft NUERNBERG EXP. SSeijeo City Also serving Halifax, Toronto. New
      249 words
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      Page 32 Advertisements Column 3
      201 32 KENWALT INTERNATIONAL LINES EXP CONV SVC (TO/FM) SRI LANKA/EAST INDIA VSI SIN CBO MAO NAGAPATTINAM TARTOUS «01 SLO 22 2VB X -29/» 30-31/1 TARTOUS VlO2 9-11/9 14-19/9 20-23/9 24-25/9 Also acccpting cargo fm P Kelang Penang EXP CONTNR SVC TO/FM HONGKONG A TAIWAN VSL SIN HKG KAOHKEE SWAN REEFER 438N
      201 words
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      Page 32 Advertisements Column 4
      806 32 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07-*****8 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE REGULAR FAR EAST/MEDITERRANEAN CONTAINER SERVICE WEEKLY STRAITS/ TAIWAN/ JAPAN CONTAINER SERVICE SINGAPORE TO AND FROM TAIWAN, JAPAN VSt I SINGAPORE P
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      132 32 Regional Weather 'i l\ fA h A Va V m sS m SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. August 19, 1988 R Thuh<i»,s.o.-T, V >*\ R»r W Ooudv*, Surfoce wMuh ore <nd»coted b> 0"0»\ »fc»cH tK* wind One tull c*c»e represents co*r> of »«g*t ana *or oMe »in(j%
      132 words