The Business Times, 31 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 WEDNESDAY, AUGUST 31, 1188 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    260 1 AFP Dow Jones down NEW YORK stock prices were little changed yesterday morning in light trading after a gain in fte previous session The Dow Jones Industrial Average was down 6 76 points to 2 034 67 one hour into the session Gaming issues outnumbered declines by
    AFP  -  260 words
  • Article, Illustration
    Local market rebounds after opening lower
    174 1 SINGAPORE share prices rebounded in the afternoon after a lower opening yesterday, but trading was thin. The Straits Times Industrial Index which lost 9.46 points at noon recovered to close a marginal 0.09 point lower at 1,020.21. The Business Composite Index, however, gained 3.42
    174 words
  • Article, Illustration
    NOL plans $300 million preference share issue
    507 1  -  One-third likely to be offered to minority shareholders By MAGDALENE NG and ALVIN TAY NATIONAL FLAG carrier Neptune Orient Lines Ltd is planning to tap the local capital market for about $300 million in a novel preference share issue to refinance its existing
    507 words
  • Article
    American dollar down sharply against sterling
    162 1 THE US dollar fell sharply against the British pound and eased against the Japanese yen in the Asian currency markets yesterday. Against the German mark, the dollar finished slightly higher. Dealers attributed sterling s strength against the dollar to two major factors. The first
    162 words
  • Article
    Lock icon Key US indicator signals possible slower growth
    225 1 AFP A KEY GAUGE of future US economic activity fell sharply for July, the Commerce Department announced yesterday, signalling a possible slowdown for the booming US economy and easing fears of a resurgence in inflation. The department announced that the index of leading
    AFP  -  225 words
  • Article, Illustration
    OCBC offers night banking till 8pm at two branches
    410 1  -  by ALVIN TAY IN A MOVE which surprises many in the banking industry, the Oversea-Chinese Banking Corporation said it will offer night banking on weekdays and afternoon banking on Saturdays at two of its branches. With effect from tomorrow, its Bedok
    410 words
  • Article
    Lock icon Burma calls for help to restore services
    130 1 UPI BURMA'S embattled socialist regime yesterday appealed to the civilian population to help restore vital transport and food distribution services crippled by nationwide strikes and anti-gov-ernment protests. The urgent call for public cooperation over Radio Rangoon came as former prime minister U Nu
    UPI  -  130 words
  • Article
    Lock icon Japanese Exim Bank may buy foreign equity
    165 1 AFP THE Export-Import Bank of Japan says a revised law expected to be passed during the next session of the Japanese parliament will enable it to invest in foreign companies. Exim Bank said in Tokyo yesterday that it was seeking 10 billion yen
    AFP  -  165 words
  • Article
    Banks increase Kiwi dollar deposit rates
    397 1  -  By DEXTER LEE SEVERAL foreign banks in Singapore yesterday raised the Kiwi dollar deposit rates as the New Zealand dollar checked its fall against major currencies on foreign exchange markets Officials at Bank of New Zealand. ANZ Singapore, NZI Merchant Bank (Singapore) and American
    397 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      355 1 POT 01 A CSOOODILB. WIAB A LMIIO Full report, PAGE 16 Regional markets, PAGE 18 World martsts,PAGE 19 EXECUTIVE LIFESTYLE Special Supplement on September 7 ARE YOU TIRED? Cranky? Have you kicked your desk at least once today? Has it kicked back? Have you threatened to wrap your telephone cord
      355 words
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      Page 1 Advertisements Column 2
      267 1 ELECTIONS '88 On Page 2 Elected presidency: Clash of views on TV SDP warns of dire results Civil service will be politicised: WP On Page 10 New leadership for new era «aiaffßiara Editorial Comment: 10 A hand for the disabled Perspective: 11 Does Chatichai have the right stuff? China state
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      Page 1 Advertisements Column 3
      3 1 Focus, PAGE 9
      3 words
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      Page 1 Advertisements Column 4
      154 1 t" mmmw NOL taking stock of broking, PAGE 15 WHY YOU WOULD ENJOY THE PLAZA SERVICE APARTMENTS. v 5# At the most attractive rates in town, The Plaza Service Apartments otter you all the comforts ot home, plus the luxury ot a tine hotel, plus: ideal location along Nicoll Highway
      154 words
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  • GENERAL ELECTION '88
    • Article, Illustration
      Clash of views on TV over elected presidency idea
      635 2 Proposal not designed for PM Lee: Chok Tong THE PROPONENTS and opponents of the elected presidency proposal argued their cases in an hour-long televised debate last night. Opening the debate with the PAP's stand on why an elected president was necessary,
      635 words
    • Article
      Referendum possible if no consensus: Chok Tong
      188 2 FIRST DEPUTY Prime Minister Goh Chok Tong said last night that, in spite of his reservation, he did not rule out the possibility of a referendum on the proposal for an elected president. In a television debate on the proposal with two opposition
      188 words
    • Article, Illustration
      PM Lee dismisses grouses by opposition parties
      470 2 PEOPLES ACTION PARTY PRIME MINISTER Lee Kuan Yew last night dismissed opposition charges that the PAP government was not fostering an opposition and was changing the rules to make things difficult for the opposition "It's level ground we're playing on," the prime minister
      470 words
    • Article
      Warning of dire results
      171 2 SINGAPORE DEMOCRATIC PARTY SEVERAL Singapore Democratic Party candidates warned last night of dire consequences of a continuation of "almost oneparty rule". They cited the backlash of "people power" in the recent turmoil in Burma as an example of what could happen. At a rally in Braddell
      171 words
    • Article
      'We are not a communal party'
      353 2 SINGAPORE MALA YS NA TIONAL ORGANISA TION LEADERS of the Singapore Malays National Organisation (PKMS) told a lunch-time rally yesterday that they were standing for election to demonstrate that the party is not a communal one. PKMS president Ibrahim Ariff who is contesting the
      353 words
    • Article
      'Elected presidency will politicise civil service'
      262 2 WORKERS' PARTY A WORKERS' PARTY candidate for the Tiong Bahru GRC last night said that while the discussion so far about the elected presidency had focused on the country s reserves, it was even more important to look at the proposal's effect on the
      262 words
  • HOME NEWS
    • Article
      Aussie opposition politician disavows discriminatory policies
      435 2 A MEMBER of the Australian opposition Liberal Party yesterday said he would never stay in a party which adopts a discriminatory immigration policy. Replying to a question at the Asean Conference at the Marina Mandarin, the party's shadow minister for foreign affairs, Mr John
      435 words
    • Article
      Norwegian company planning to build plant
      96 2 NORWEGIAN offshore and engineering firm Kvaerner Industrier is to build a $17 million (NOK 50 million) shipping and wood processing equipment factory in Singapore. It plans to do this through wholly-owned subsidiary Kvaerner Eureka (KE). Mr K B Imeland, KE's president, said in a
      96 words
    • Article
      Hotel Grand Central spruce-up
      107 2 THE 365-ROOM Hotel Grand Central is spending $3.5 million to upgrade its facilities. Work on the second phase of this refurbishing project is now in progress and is scheduled to be completed by early 1989 The first phase, now completed. included the renovation of the shopping
      107 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      363 2 WERNER LANGENBACH, 49. has been named vice-president and general manager of the Singapore branch of American Express Bank Ltd. He takes over from Vahan Eminian who has been appointed senior vice-president and regional executive of the bank, based in Hongkong. Mr Langenbach has more than 20 years'
      363 words
    • Article
      Cooperative movement to promote image
      447 3  -  By BOEY KIT YIN A THREE-YEAR corporate plan has been mapped out by the local cooperative movement to boost its image and services. Part of this plan has already been implemented by the Singapore National Co-operative Federation (SNCF), an apex organisation for the local cooperative
      447 words
    • Article
      Man in tax-evasion case gets deterrent sentence
      440 3 FOLLOWING a prosecutor's argument that "an income tax dodger not only cheats the Government but he cheats his fellow men as well", a district court yesterday passed a deterrent sentence on business consultant Willie Tan who had admitted 56 charges of aiding another
      440 words
    • Article
      Chief executives urged to back regular Chest donation scheme
      216 3 COMPANY chief executives were urged by President Wee Kim Wee yesterday to give full support to a regular Community Chest donation scheme which encourages the participation of employees. President Wee Kim Wee said experience had shown that in companies where their
      216 words
    • Article
      Hwa Chong student wins SICC award
      179 3 THE SINGAPORE International Chamber of Commerce (SICC) has awarded its 150 th Anniversary Scholarship Fund award for this year to Miss Lee Khang Min, a 19-year-old student from Hwa Chong Junior College. Miss Lee was selected from a total of 55 applicants. Under the
      179 words
    • Article
      Forum to focus on telecoms networks
      119 3 THE FUTURE of modern digital telecommunications networks will be among the subjects discussed at an international forum to be held in Singapore next year. The forum cum exhibition, Asia Telecom 89, will be held from Feb 20 to Feb 25 at the Westin Stamford
      119 words
    • Article
      Jurong Bird Park and NUS in joint research venture
      129 3 JURONG BIRD PARK and the National University of Singapore (NUS) will jointly participate in a research venture on birds and bird-life. An agreement on the conditions of the joint venture has been signed by both parties. The park was represented by
      129 words
    • Article, Illustration
      Voters told not to take risks
      505 3  -  Dr Yeo draws analogy from MRT safety precautions By TONG SUIT CHEE SINGAPOREANS should not take undue risks when they vote, just as the people operating the mass rapid transit system have taken precautions to ensure the smooth and safe running of the trains.
      505 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      40 2 years of Distinctive Tailoring. 1933 1988. 'Mam Uncompromising Quality. A degree of Craftsmanship and Quality more normally associated with as an Art. At this level of excellence we will always be. Sw Gfieong bailors Lower Lobby.Shangri-La Hotel.Tel: 23 5 >~692.
      40 words
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      Page 2 Advertisements Column 2
      11 2 WORLDWIDE EXPRESS m Prompt pick-up and delivery 24 hours a day
      11 words
  • Page 2 Miscellaneous
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      65 3 THE SHIRT FOR DREAMING DREAMS. 4 9 VJS *3 V Wf m HM: 5 i- -u :d/ St -f M* The Arrow Criterion range. Working shirts with the casual feel. CRITERION BV ■Arrow W c, V-T' AVAILABLE AT ALL LEADING DEPARTMENT STORES AND ALSO ARROW SHOPS AT FORUM GALLERIA. MERIDIEN
      65 words
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  • ASIA – PACIFIC
    • Article, Illustration
      Lock icon Jakarta sweetening image of East Timor
      436 4 AFP INDONESIA, with its sights on the Non-Aligned Movement (NAM) presidency, has begun a diplomatic offensive on East Timor long a thorn in Jakarta's side in international dealings and regional ambitions. lndones>a is challenging Nicaragua for the NAM presidency for 1989, to be determined
      AFP  -  436 words
    • Article
      Lock icon Philippine education system turns mediocre
      385 4 AP FOR MANY years, Filipino parents have wondered if their children were getting a good education. A shocking sign of trouble came when less than a fifth of the 2,600 law school graduates passed this year's bar exam. The failure dramatised what some education officials
      AP  -  385 words
    • Article
      Lock icon Pakistani MRD to boycott elections if held under caretaker government
      236 4 UPI THE MAJOR Pakistani opposition alliance has vowed to boycott upcoming general elections if they were held under the present caretaker administration. President Ghulam Ishaq Khan should match his words with deeds by removing the caretaker government to ensure free
      UPI  -  236 words
    • Article
      Lock icon Veiled warning to USSR on Xinjiang unrest
      398 4 AFP CHINA has issued a veiled warning to the Soviet Union not to foment separatist unrest in Xinjiang. "A small group of people, in China as well as abroad, have attacked the unity of the ethnic minorities and unification of the motherland" in
      AFP  -  398 words
    • Article
      Lock icon Najib orders ceasefire during space mission
      96 4 AP AFGHANISTAN'S communist leader. President Najib, has ordered his troops to stop firing on Muslim insurgents unless fired upon, until a joint Soviet-Afghan space mission ends on Sep 6, according to Radio Kabul. Afghan military pilot Abdul Ahmad Mohmand and two Soviet cosmonauts blasted
      AP  -  96 words
    • Article
      Lock icon S Korean jobless rate at its lowest since 1980
      118 4 AP SOUTH KOREAs unemployment rate stood at 2.1 per cent in June, the lowest monthly jobless rate since 1980, the Economic Planning Board said on Tuesday. Board officials said the unemployment rate, not adjusted seasonally, has been on a steady decline
      AP  -  118 words
    • Article
      Lock icon UN chief asks for help on Gulf talks
      256 4 NYT SECRETARY General Javier Perez de Cuellar on Monday asked the five permanent members of the United Nations Security Council to help him break the deadlocked iran-lraq peace talks, diplomats said. He called in the representatives of Great Britain. China, France, the
      NYT  -  256 words
    • Article
      Lock icon Soviet troops return to Afghan city, says paper
      186 4 Reuter SOVIET forces have returned to the north Afghanistan city of Kunduz after pulling out two weeks ago in the general withdrawal of Soviet forces from that country, the Washington Post said yesterday. In a story from Islamabad, the paper quoted Western
      Reuter  -  186 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      866 4 ARRIVALS Operator S«rvic« Local From number tim« Alt CA707 0700 MTS/MRU SWAZI StA SQ31 0755 PAR/ROM MAS MH640 0820 KUl KAl KE624 0840 Kill SEY MM601 0900 SEZ MAS MH651 0910 PEN MAS MH630 0920 KUl StA SO 103 0950 KUl CPX CX710 0955 CGK MAS MH609
      866 words
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      Page 4 Advertisements Column 1
      903 4 Union de Banques Arabes et Francises Head Office: 190 Avenue Charles-de-Gaulle, ***** Neuilly Cedex. France Singapore Branch: 11 Collyer Quay #11-01/03 The Arcade, Singapore 0104 (Note All figures quoted in thousands of French francs) BALANCE SHEET (After appropriations) as at December 31, 1987 PROFIT AND LOSS ACCOUNT for the year
      903 words
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      Page 4 Advertisements Column 2
      34 4 The buuntil person's choc* every Tuesday, Thursday, Saturday and Sunday. Leaving Chongi Airport at 22:05 hours and ornvrig Heathrow torty the following morning Coll your Travel Agent or A* Conodo at *****55 AIR CANADA
      34 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      97 4 Showers Cloudy Clear Clear Cloudy Cloudy Clear Sunny Clear Clear Cloudy Cloudy Fine Cloudy Clear Clear Clear Cloudy Fine Cloudy Cloudy Fine Rain Clear Cloudy Cloudy Clear Fine O'cost Clear Clear Clear Sunny Clear Sunny Cloudy Rain Cloudy Cloudy Cloudy Clear Clear Sunny Fine Clear Cloudy Singapore OUTLOOK: Showers over
      97 words
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  • REST OF THE WORLD
    • Article
      Lock icon Regional accords may be a threat to world trade
      406 5 Reuter AN INTERNATIONAL group of top industrialists and politicians cautioned on Monday that existing world trade agreements could be threatened by new regional accords, but said they remained cautiously optimistic. Leading members of the USbased Aspen Institute cited such bilateral pacts
      Reuter  -  406 words
    • Article
      Lock icon Mulroney hints of polls before the year ends
      381 5 AP CANADIAN Prime Minister Brian Mulroney has signalled the likelihood of an autumn election to decide the fate of both the Cana-da-US Free Trade Agreement and his Progressive Conservative government. In a heated three-way race, the landmark vote on Canada's economic future
      AP  -  381 words
    • Article
      Lock icon Smokeless cigarettes introduced
      139 5 NYT THE R J REYNOLDS Tobacco Co has started selling its new smokeless cigarette to distributors, supermarkets and discount chains in test markets in the US. amid attacks by medical groups that want the product banned as a health nostrum. The new brand will be advertised as
      NYT  -  139 words
    • Article
      Lock icon S Africa ready to complete Angolan withdrawal
      254 5 AP SOUTH AFRICA, which has invaded and withdrawn from Angola several times since 1975, planned to complete a pullout from the war-torn country yesterday. The military was to fly journalists to Rundu, a town on the south-west Af-rica-Angola border, to witness the withdrawal
      AP  -  254 words
    • Article
      Lock icon Pre-Victorian America a lusty' nation
      332 5 UPI PRE-VICTORIAN Americans were lusty realists "more licentious than we ordinarily imagine" and nearly a third of rural New England brides went to the altar pregnant. American Heritage magazine reported on Monday. "Into the 1820s. almost all Americans would have subscribed to the commonplace notion
      UPI  -  332 words
    • Article, Illustration
      Lock icon Competitive race to be president
      465 5 Dukakis says campaign against Bush will be long and hard AP US DEMOCRATIC nominee Michael Dukakis said on Monday that the campaign against George Bush would be "a long, hard competitive race,'' while aides to the Republican nominee said the Vice-President would continue to paint
      AP  -  465 words
    • Article
      Lock icon Third-party presidential candidates
      309 5 AP AMERICANS have a wide choice of candidates for president this year, including two teen-age boys and two men who say they are convicts. There are also some more serious politicians trying to run for president along with Republican George Bush and Democrat Michael Dukakis, the nominees
      AP  -  309 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      138 5 Small is beautiful 04L CD CXI cd m O cu O LLJy r f»ULI mLL'LLJrri —11 H 11_ Introducing United's new, exclusive Business Class. j At United, we believe it's the small things that count. And having a smaller, more exclusive Business Class is one of them. That's why we've
      138 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      44 5 Doonesbury OKA/, LAST ONZ. COHERES NICARAGUA* UH... HMM... yrTHE REASON 1 ASKS THAT LO&VE BEEN JNUXVEP IN A UJARTHERE FORTHEPAST &6KT years. Wt RJ6HT.,. X n BY GARRY TRUDEAU I 0AKE /55/IP OUHERE NICARAGUA COULP TURN INTO ANOTHER VIETNAM! I K c 'J 1§
      44 words
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  • MONEY AND EXCHANGES
    • Article
      Asian dollar market
      391 6 ASIAN DOLLAR deposit rates closed little changed from morning levels in thin trading yesterday. Dealers said most operators were sidelined in the afternoon awaiting the release later yesterday of US July leading indicators and factory orders. Short dates were steady to slightly lower initially and unchanged thereafter.
      391 words
    • Article
      Money markets
      67 6 THE OVERNIGHT rate on the Singapore money market fell point yesterday to close at 4V4 per cent. The one- and threemonth term rates remained unchanged while the twomonth rate rose a 1/16 point. S$ Interbank rates at the close yesterday: OFFM IIO OV«rrvght 4 1/2 4 1/4 1
      67 words
    • Article
      Government securities market
      112 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity RIO OFFER HIGH LOW 3 months BQ*****W 24.11.88 4.61 4.56 4.70 4.58 6 months BY*****T 24.11.88 1 year BY*****S 20.07.89 4.92 4.87 5.03 4.83 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
      112 words
    • Article
      Lock icon Forex markets
      876 6 Reuter SINGAPORE: The US dollar closed easier against most major currencies yesterday. Against the Singapore dollar, the US dollar closed easier at 2.0383/93 in erratic trading. It traded. within a range of 2.0387 and 2.0412. It opened initially at 2.0400/10 The US dollar closed lower while sterling firmed
      Reuter  -  876 words
    • Article
      Foreign Exchange
      230 6 Interbank rates at 3pm yesterday: Cufitncln Nominal rtlM BIO OFFER cross pertty clienee Local dollars to c >ne unit of foreign currency: US dollar 2.0380 2.0390 2.8196 -27.72 Sterling pound 3.4289 3.4387 7.3469 -53.33 Australian dollar 1.6844 1.6373 3.4286 -52.33 NZ dollar 1.2)87 1.2223 3.4286 -64.45 Canadian dollar
      230 words
    • Article
      Simex
      543 6 DECEMBER Eurodollar futures opened five ticks higher at 90 75 yesterday Sentiment was supported by a firmer dollar and an overnight decline in oil and commodity prices which eased inflation fears. A 4.7 per cent decline in new home sales and a downward revision to previous month's data to
      543 words
    • Article, Illustration
      World interest rates
      192 6 Indlcataa tha avaraga oi tha prim* landing ratM of 12 major banks In S'pora Interbank market rates (offer/bid) on Aug 30 us$ DM SWFC Y»n 7 do r» 5/14 3/14 12 1/4 12 4 3/4 4 5/i 3 3/i 1/i 4 3/4 5/1 1 m# i 5/i
      192 words
    • Article
      Options
      1448 6 CURRENCY FUTURES OPTIONS Tuasday, Aug 30, 1988 DEUTSCHEMARK (SIMEX) Sap 18 ca Htgh Low Ma Sail High 88 puS Low Sett 52 53 54 55 56 57 58 59 63 73* 27A 9a 75 26 1 CAS CAS 718 1538 2408 9408 1 5 21 68 150 245 945
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    • Article
      Lock icon IMM
      237 6 Reuter IMM CURRENCY futures on Monday settled sharply lower and near the day's lows set late. Perceptions that US interest rates could rise further weighed on values, overshadowing rate hikes last week by several foreign countries Activity remained slow largely due to market holidays in London and Hongkong. Anticipation
      Reuter  -  237 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      271 6 \§TC7 SING INVESTMENTS FINANCE LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of Sing Investments Finance Limited is pleased to make the following announcement 1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1988 Latest Previous Half Year Half Year or to 3Q.6.88 to 30.6.87 $000
      271 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Bank of Japan will not raise official discount rate
      202 7 UPI THE BANK of Japan wilt not raise its official discount rate in line with a rise in the rates of major European banks, Finance Minister Kiichi Miyazawa said yesterday. Mr Miyazawa said prices are under control in Japan so there
      UPI  -  202 words
    • Article
      Lock icon Luxembourg's banking continues growth trend
      276 7 Reuter LUXEMBOURG'S banking sector continued to enjoy strong growth last year, despite a narrowing in interest rate margins, the monetary authority said in its annual report. Some new banks set up in Luxembourg, with the number of mostly foreign banks rising to 127 by the
      Reuter  -  276 words
    • Article
      Stanchart's Visa campaign
      211 7 STANDARD Chartered's credit card holders stand to win free trips to London in a promotion campaign to be launched tomorrow by the bank and British Airways. Billed as "see London for zero pound", the campaign enables cardmembers to win 10 single return air tickets to London as
      211 words
    • Article
      Lock icon Nigerian leaders accuse banks of widespread cheating
      500 7 Reuter NIGERIAN banks, which are making record profits despite a biting recession, have suddenly come under fire from the country's military leaders. They stand accused of widespread cheating and undermining the naira, the national currency. "Bank-bashing is the new game in town," commented
      Reuter  -  500 words
    • Article, Illustration
      Chase offering forex investment facility
      370 7  -  Fixed depositors must have U5525,000 to qualify By DEXTER LEE CHASE MANHATTAN Bank is offering its fixed-deposit customers an opportunity to invest in the foreign exchange (forex) market through the Chase Leveraged Deposit account. To qualify, depositors must have a minimum of U5525,000 or its
      370 words
    • Article
      Lock icon Banca Commerciale withdraws takeover offer for Irving Bank
      368 7 AP Reuter BANCA COMMERCIALE Italians (BCI) on Monday withdrew its friendly takeover offer for Irving Bank Corporation of New York, removing the competition for hostile suitor Bank of New York. BCI said its state-owned parent, Istituto per las Ricostruzione Industriale (IRI) would
      AP; Reuter  -  368 words
    • Article
      Lock icon Bank of NY likely victor in Irving takeover
      318 7 Reuter DESPITE its vow to find another suitor, Irving Bank Corp is likely to be acquired by Bank of New York Co Inc following Banca Commerciale Italiana's withdrawal of its Irving bid. analyst said. "I think Bank of New York is going
      Reuter  -  318 words
    • Article
      Lock icon Buenos Aires likely to get new loan of US$500 million
      355 7 Reuter THE WORLD BANK, after several weeks of intense talks in Buenos Aires, is near agreement on new funding for Argentina that could open up the country to a US$5OO million bridge loan from governments including the US, monetary sources
      Reuter  -  355 words
    • Article
      Comex gold/silver futures
      192 7 Gold futures on Aug 29, 1988 100 troy ounces; USS per troy ounce Opofi High Low S«Wt Aug 433.00 433.00 429.50 429.40 -2.70 s*p 429 50 430.00 429JO 430.40 -2.70 Oct 435 00 436.30 432.10 ***** -2.70 OK 441.20 442.10 438.00 438.70 -2.70 Fob 447.00 447.00 444.00
      192 words
    • Article
      Lock icon Brazil converts more of its debt into bonds
      256 7 AFP BRAZIL on Monday converted US$l5O million worth of its US$l2l billion foreign debt into bonds at the sixth auction of its kind this year. With Monday s auction, a total of U551,076 billion of Brazil's debt has been converted into investment
      AFP  -  256 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      115 7 FOR SALE THE AMARA SHOPPING CENTRE (EN BLOC) C VOCI I CUT This 2-year old shopping centre enjoys ■■■lILLHII I more than 90% occupancy and produces OUADpi|MO good rental yields. It offers well tenanted OllWl I Inll retail space of close to 100,000 sq. ft. in a OCMTIJP 5-storey podium
      115 words
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      Page 7 Advertisements Column 2
      86 7 BR M NO GLI ti > ES t V* r a a n\ r a A masterpiece Made by hand. Styled by the most prominent Italian designers. 10 BRUNO MAGLI Available at: Bruno Magli Boutiques Forum Galleria #01-46 Centrepoint #01-30 Americaya Lucky Plaza Daimaru. Liang Court Golden Shoe Store Lucky
      86 words
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  • COMMODITIES
    • Article, Illustration
      Lock icon Subroto in Teheran for talks to cut Opec output
      422 8 AP OPEC SECRETARY-GENERAL Subroto arrived in Teheran on Monday for talks on cutting the oil cartel's output, which was reported to be running at an estimated 3.5 million barrels a day over its quota this month. Dr Subroto, Indonesia s former
      AP  -  422 words
    • Article
      Lock icon Jakarta's latex output to rise sharply
      210 8 Reuter INDONESIA is sharply increasing latex output and is introducing a new standardisation scheme for rubber exports, government and industry officials said. Latex production, spurred by rising world demand, is expected to jump to 111,000 tonnes in calendar 1988 from 58,900 tonnes last year,
      Reuter  -  210 words
    • Article
      Lock icon Palm Oil
      319 8 Reuter MALAYSIAN crude palm oil futures closed easier yesterday on Kuala Lumpur Commodity Exchange on some liquidation ahead of national day holiday. Dealers said the lower overnight chicago board of trade performance, also effected the local market. Turnover increased to 589 lots from 539 lots on Monday. September
      Reuter  -  319 words
    • Article
      Oil and Products
      74 8 Closing prices for crude (FOB origin) US$/borrel Change Topis (S*p) 14.63 -0.30 Minos (Sop) 14.45 und) Duboi (Oct) 12.97 -0.05 West Texas Intermediate, WTI (Oct)* 15.22 •0.11 New York close previous day Products (FOB S'pore) USS/barrel Change Kerosene 18.15 -0.15 Go soil 16.70 unch Low Sulphur Waxy
      74 words
    • Article
      KL Tin
      193 8 THE KUALA LUMPUR tin market closed steady at its 30-month high of M 519.79 a kg yastarday, unchanged from Monday, after rising for 12 consecutive trading days, brokers said. They noted continued European and local support but demand slackened slightly following the closure of the London market. "The
      193 words
    • Article
      Lock icon Rubber
      363 8 Reuter SINGAPORE: Rubber prices closed lower yesterday, extending the morning's falls, on long liquidation in moderate trading, brokers said. September RSS 1 buyer was quoted at 245.00 cents a kg, down 3.50 cents from Monday's close. They said the downward trend was a response to a lower Tokyo rubber
      Reuter  -  363 words
    • Article
      Produce Prices
      181 8 Chinese Produce Sarawok special Exchange block FOB NLW Sarawok Asta 420.00 Setters' noon doting prices on black FOB NLW 477.50 Aug 30 (SS/100 kg) Lompong block Coconut oil Bulk FOB Old drum FOB 118.00 128.00 132.00 FOB Asta NLW Coffee 472.50 API FOB NSW 380.00 New drum FOB
      181 words
    • Article
      Soybean
      194 8 SOYBEAN FUTURES on the Chicago Board of Trade closed lower but late short covering trimmed losses with several contracts finishing near session highs on Monday, traders said September beans were down 6-1/2 cents per bushel at US$B 25 and November was down 6-1/2 cents at 8 38-1/2. Refco was
      194 words
    • Article
      Lock icon Wheat
      238 8 Reuter SOFT RED winter (SRW) wheat futures on the Chicago Board of Trade rallied at the close yesterday to trim losses in nearby months and post slight gains in March and May. Spot September was down 2-1/4 cents per bushel at US$3 87-3/4 and December was down 1/4 cent
      Reuter  -  238 words
    • Article
      Precious Metals
      364 8 HONGKONG: Gold prices closed lower yesterday on bearish market sentiment and in quiet trading, dealers said. Market participants noted selling by Swiss investors and light demand by local investors at around US$43O "Gold should find the bottom in the near future." a dealer said. Bullion closed at US$429
      364 words
    • Article
      RAS and MRELB
      279 8 R AS prices in S c*nts/kg. FOB In bal« NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 246.00 247.00N 245.00 246.00N bit 1 RSS Sep 88 246.50 247.50N 245.00 246.00N tot 1 RSS Oct 249.50 250.50N 248.00 249.00N bit 2 RSS OP 243.50 245.50N 242.00
      279 words
    • Article
      SSR and SMR
      80 8 (cants/kg) SEPTEMBER 1988 OCTOBER 1988 (current month) (forword month) D AC NOON NOON nAo kftn S*ll»ri Svy*ri S»ll*rs SSR 20 219.00 221.00M 219.00 221 00M SSR SO 217.00 219.00M 217.00 219.00M MRELB Buyers S*H«rs Buyers S»ll*rs Smr cv 380.00 382.00M 382.00 384 OOM SMR L 372.00 374.00N
      80 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1019 8 ISTITUTO BANCARIO SAN PAOLO DI TORINO Head Office: Turin, Italy. Singapore Branch: 20 Collyer Quay, #14-01/02, Tung Centre, Singapore 0104. Consolidated Balance Sheet As of December 31, 1987 Assets December 31 Cash and due from banks Investment securities Debt securities Certificates of deposit Trading account Loans Banks Customers Less Reserve
      1,019 words
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  • FOCUS
    • Article, Illustration
      Lock icon BURMA: The alternatives
      910 9 The fact that Aung San, a man long deceased, and his daughter, a housewife with no political experience, are commanding such attention in Burma may indicate the lack of alternatives to 26 years of authoritarian rule. The other two articles focus on Tin 00, the former defence
      AP  -  910 words
    • Article, Illustration
      Lock icon Rangoon Bar Council demands multi-party government
      505 9 AP THE SINGLE-PARTY government shaken by a month of demonstrations has been challenged by the prestigious Rangoon Bar Council and a former president, both demanding multi-party rule. "The whole country has already rejected the one-party system by the demonstrations. and procrastination by referendum would
      AP  -  505 words
    • Article
      Lock icon Former minister returns as key alliance figure
      378 9 Reuter A FORMER defence minister disgraced by Socialist leader Ne Win in 1976 has emerged as the key figure in an alliance of elder statesmen seeking to steer the country from political turmoil to a multi-party democracy, diplomats said. They said Tin 00,
      Reuter  -  378 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      1132 9 MMB MOSCOW NARODNY BANK LIMITED ■I Incorporated la London In lfif as a private limited company 'o« khV Balance Sheet as at 31st December 1*97 1987 1986 Note £000's £000's Share capital Authorised: ordinary shares of £1 each Issued: ordinary shares of £1 each Reserves 3 Shareholders' funds Subordinated loan
      1,132 words
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  • PERSPECTIVE
    • Article
      Welcome news for disabled
      516 10 THE MOMENTUM appears to be building up for laws to force planners and developers to make Singapore's walkways, buildings and public parks accessible to the disabled. A committee looking at the problems and needs of the disabled has called for such legislation, and in its report
      516 words
    • Article, Illustration
      New leadership for new era
      2044 10  -  A look at the accompanying 1959 poster and the photos below gives an idea of the changes that have taken place in the country's leadership. In our second background article on the general election, RICHARD SEAH traces the evolution of the second-generation team of ministers
      2,044 words
    • Article
      THE DOOR TO CABINET
      350 10 1959 JUNE Lh Kuan Yaw (Prime Minister) Toh Chin Chye (Deputy Prime Minister) Goh Keng Swee (Finance) S Rajaratnam (Culture) Ong Pang Boon (Home Affairs) Yong Nyuk Lin (Education) Ong Eng Guan (National Development) Ahmad Ibrahim (Health) KM Byrne (Labour, Law) 1 1963 SEPTEMBER Llm Kim
      350 words
    • Article, Illustration
      Tackling the image problem
      1144 11  -  Chatichai and company after the honeymoon away from political debate By GRANT PECK DOES THAILAND s new Prime Minister Chatichai Choonhavan have "the right stuff"? Or is he just a guy who can't say no? Elder statesman Kukrit Pramo| hailed the new government with the wan
      1,144 words
    • Article, Illustration
      Lock icon Wooing tourists back to the Gulf
      731 11 Reuter FOR YEARS, when the sound of a frigate s guns boomed across Dubai, residents scarcely blinked They knew the Gulf shipping war raging off the coast posed no threat to them. But until this month, Dubai's proximity to the Gulf War was enough
      Reuter  -  731 words
    • Article, Illustration
      Lock icon China arrives at the crossroads after a decade of reform
      967 11  -  By JIM ABRAMS AP CHINA. 1988: the Year of the Dragon. the 10th in the reform years of Deng Xiaoping. What is the state of the nation? A land of great excess and discouraging want; encumbered by too many people
      AP  -  967 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      91 10 Managers must manage. BT shows you how every Monday. GRAND CARPET AUCTION presented by Edmund and Shukor Sunday, Sept 4,1988 Grand Ballroom Hilton International Singapore Viewing 10am— Ipm Auction Sale: 2pm 5.30pm 100 selected pieces from Persia, Afghanistan and Pakistan including interesting tribal pieces. All lots are guaranteed and backed
      91 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      110 11 EXECUTIVE LUNCHES From Monday to Friday, you can partake of Derwent Restaurant's Executive Lunches. For the modest amount of $22.50 you can savour the finest nouvelle cuisines. Spring Carrot Soup with Black Caviar. 3-^ s rj I Fillet of Beef J "Teriyaki" with V' /Shiitake Mushroom y and Quail Egg.
      110 words
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  • LEISURE
    • Article, Illustration
      Lock icon Rap music's bum-rushin' the mainstream
      766 12 NYT RAP is so stupid def, it's bum-rushm' the mainstream. It's housin' em all word, homes Translation: Rap is so incredibly fine, it's breaking down the doors of mainstream society. It's bringing down the house and that's the truth, friend. The enduring and expanding popularity
      NYT  -  766 words
    • Article, Illustration
      Lock icon Hemingway treated his war reporting seriously
      1137 13 Ernest Hemingway's dispatches on the Spanish Civil War show how he translated his personal observation into literary journalism. They also reveal that he took his work as a war correspondent seriously. NYT THIRTY DISPATCHES written by Ernest Hemingway while reporting from the loyalist side
      NYT  -  1,137 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      309 12 COURyOISIERXO-WHIEI t TO ENTERTAIN v A tA••***?+ €u ,ka\ <r \0 W. m i Traditional jazz at its best. Come on over and swing to the brilliant blend of jazz unique to Jorgen Svare Jazz Quartet. This fabulous ensemble from Denmark will be at the Treetops Bar on August 30
      309 words
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      Page 12 Advertisements Column 2
      217 12 Bring your family and friends and enjoy our steamboat buffet dinner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmm then take a second helping or more. Share an all-you-can-eat steamboat with family and friends today! Price: SSls.oo++ (per adult)
      217 words
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      Page 12 Advertisements Column 3
      192 12 PLUM'S YOUR AUGUST FEAST RICH NONYA FLAVOURS AUGUST 22 SEPTEMBER 4 Discover spicy, flavourful nonya novelties at Hyatt Regency Singapore. Come to Plum's and let nonya food expert, Christibelle Savage personally prepare "baba" specials just for you. Nonya lunch and dinner buffets SS2O* HWT S/ V JLUANA •Plus 10% service
      192 words
    • Advertisement
      Page 12 Advertisements Column 4
      150 12 EnccKkrr Htttd H 5 Coleman Street, Singapore 0617 Tel: 338-7733 TEA DANCE Sat. Sun Public Holiday 2 pm to 6 pm $5.30^ Level 4 Excelsior Hotel •%0 Lon f Jian( f Hexuuram I Excellent Fare for Singapore. Now till 31 Aug 1988 Add spicc to your celebrations. We've prepared two
      150 words
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      Page 12 Advertisements Column 5
      276 12 Wo o d v Allen's DONTDRNCIHEWUHI! Produced by special arrangement with f Samuel French. Inc. S The zaniest. finest and funniest comedy by America's jflncl top comic script uTiter is now in Singapore. "...A master of bright and hilarious dialogue..." New York Post B< K)k \our tables early for seats
      276 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      187 13 m <» m ii m There's a cafe on a lush, green hi 11... where you can take a break. Meet friends Relax. Make choices from the delightful international cuisine and Asian favourites Prawn Mee, Nasi Goreng. Prawn Curry Rahmschnitzel. Hainanese Chicken Rice And much more. At Cafe in the
      187 words
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      Page 13 Advertisements Column 2
      39 13 s® ms>< Z* ■m|4 < 'Nkc wv v.. V:, »Mf\ t xo COURYOISIER COGNAC D» xnta (fc vkilliuement en fats de chine om 6* pour «*«mr U subtiln* la finesse d® ce Cognac r%. y »62C0 S6faweSßE--4 xo COURYOISIER COGNAC
      39 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      637 13 CRYPTIC PUZZLE ACROSS 1 A state that s wrong (5) 6 Ropy old stuff, but it was picked (5) 9 They produce eggs with a final effort (7) 10 A pointed letter to a deity (5) 11 Reads wrongly, darlings (5) 12 A female to cheat at some risk (5)
      637 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1387 13 to aa© aa» Arthur Miller's stormy marriage 9 as h M INSIGHT 60 Minutes B.oopm, Channel 12 The stormy marriage of playwright Arthur Miller and screen siren Marilyn Monroe (above) and the impact of Death Of A Salesman on Miller's life leads off the first of four segments on tonight's
      1,387 words
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  • SPORTS
    • Article, Illustration
      Lock icon Gooch: Why I broke contract
      378 14 AFP ENGLAND CAPTAIN Graham Gooch broke a contract to play in South Africa so he could lead England to India, he revealed on Monday. The Essex opener, appointed on Monday as captain for the winter tour, needed the goodwill of officials at Western Province before
      AFP  -  378 words
    • Article
      Lock icon Sri Lankans show their tenacity at Lord's
      299 14 AFP SRI LANKA's dogged fight-back foiled England captain Graham Gooch in more ways than one at Lord's on Monday Gooch wanted to complete victory in the Test to allow himself, Neil Foster and Derek Pringle to get to the Oval yesterday where his
      AFP  -  299 words
    • Article, Illustration
      Lock icon Chip Beck leads in PGA money race
      455 14 UPI MIKE REID's playoff victory over Tom Watson in the US$9OO,OOO NEC World Series of Golf overshadowed the intensifying chase to become the PGA Tour s first $1 million winner in a single season. Chip Beck guietly won $31,350 in tying for sixth
      UPI  -  455 words
    • Article, Illustration
      Barrington's obsessive love for squash
      355 14  -  By CHARLES SAVAGE THE legendary Jonah Barrington is still obsessed with squash After more than 20 years in the game and six years as world number one, he said, "I enjoy it more now than when I was hunted down as world number one." Like
      355 words
    • Article
      Lock icon Jack Nicklaus faces up to a tough decision
      523 14 UPI BOBBY JONES conquered all he thought was necessary in the world of golf and retired from competition at the ripe old age of 28 It isn't that easy for Jack Nicklaus. who has conquered more worlds than any golfer in history.
      UPI  -  523 words
    • Article
      American tennis association serves up a stunner
      742 14  -  By BARRY WOOD THE Association of Tennis Professionals have stunned the Men s Tennis Council, the governing body of the game, with a demand that they play a commanding role in the future of the sport At a meeting held in New York
      742 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      416 14 Head Office: 21 Boulevard Haussmann ***** Paris Cede* 09 BANGLE FRANCAfiEDU COMMERCE EXIBOBJR AND ITS SUBSIDIARIES t °ris Cede* 09 »«»i/innKi Singapore Branch: 50 Raffles Place »35-01 Shell Tower Singapore 0104 CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 1987 (in thousands of francs) (in thousands of francs) CONSOLIDATED COMMITMENTS AND
      416 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon NOL — taking stock of broking
      269 15 NOL taking stock of broking flMa SffOBCL» HOCK LOCK SIEW THE LOCAL STOCKBROKING industry, which has already admitted three publicly-listed companies into its ranks, may eventually see national carrier Neptune Orient Lines jumping on the bandwagon. NOL has been "talking to one publicly-listed company and one private company" on the
      HOCK LOCK SIEW  -  269 words
    • Article
      All eyes on crucial meeting
      335 15 AFTER MORE than a year of haggling, Faber Merlin Malaysia's loan stockholders will meet this Saturday to discuss the latest status of the company's M 517.74 million outstanding convertible unsecured loan stock. The meeting is crucial as it will decide the fate of the company.
      335 words
    • Article, Illustration
      Sign of confidence in M'sian property market
      222 15 HONGKONG property group Far East Consortium must be very confident of the property market upturn in Malaysia. The company, which is headed by Deacon Chiu, has apparently turned down an instant Mslo million profit on its latest acquisition in Kuala Lumpur the Kuala
      222 words
    • Article, Illustration
      Tibs springs surprise plan to acquire Sesdaq applicant
      539 15  -  Proposed takeover of PB Packaging for $8.5 m By ELAINE KOH IN ITS MOST significant acquisition since its Sesdaq listing in April last year, Trans-Island Bus Services is planning to buy carton manufacturer PB Packaging Systems Singapore for $8 5 million cash.
      539 words
    • Article, Illustration
      UIC ready to make takeover bid for Roxy even if waiver not given
      580 15  -  By AMY BALAN UNITED INDUSTRIAL Corporation (UIC) is prepared to go ahead with its planned acquisition of Malaysian-listed Roxy Electric Industries even at the risk of having to make a takeover bid for the whole company should
      580 words
    • Article
      L&M sets up three subsidiaries
      100 15 L&M INVESTMENTS Ltd has formed three new subsidiaries Tanjong Pagar Corner Pte Ltd, Supervac Pte Ltd and L&M Shipping Pte Ltd. Tanjong Pagar Corner, set-up on Aug 25. has an authorised and paid-up capital of $250,000 and $100,000 respectively. Its main activity is property owning
      100 words
    • Article
      RESULTS DUE
      473 15 LAST FULL YEAR Company Period Dot* Year Net EPS Gross Net announced ending (cents) dt» profit Samanda Hldgs lot Wood MTC Ganda Hldgs Kg Lanjirt lait year ($•000) Interim Final Apr 30 May 28 Sep 88 Feb 88 25 2.736 4.9891 44.292 20.3181 (j) 387 Interim Interim Final
      473 words
    • Article
      RESULTS OVERDUE
      191 15 Company Minebea Duta Cons Fed Cables lot Wood S J Amol Worldwide Hldgs UnWte Grand Utd Hldgs Supreme Corpn Peak Hua MBf Hldgs Period Interim final Final Interim Final Final Final Final Final Fmol Interim Dote announced last ytar Jul 21 Aug 28 Sep 12 Dec 1 Apr
      191 words
    • LATEST RESULTS
      • Article
        Kulim (Malaysia) interim earnings almost doubled
        291 15 JOHORE-BASED plantation group Kulim (Malaysia) Bhd's earnings for the first six months have increased significantly as a result of buoyant commodity prices. Kulim, listed on both the SES and the KLSE, almost doubled its interim after-tax profits to Mss.som (Ss4.2om) for the six months
        291 words
      • Article
        Higher tin prices give a boost to Tronoh Mines's profits
        94 15 HIGHER TIN PRICES and increased profit contribution from associated companies have enabled Tronoh Mines Malaysia Bhd to double group profit after tax and minorities to Msl.42m from M 5679.000 A gross interim dividend of 14 cents per share (1987: seven
        94 words
      • Article
        East Asiatic profits increase to M$11.4m at half-time
        117 15 1 EAST j AS,AT| C Company (M) Bhd. (EAC), the trading and plantation group, reported a higher ?qqd P ttr utable profit for the half year to June 30 1988 of Msll.4Bm against $8 97m in the previous P° nd,n 9 period.
        117 words
    • Article
      Lock icon HLI acquiring 10m shares in Far Eastern Industries
      262 15 MBT HONG LEONG Industries is proposing to acquire 9 999 million shares of Msl each in Far Eastern Industries (Malaysia) (FEI) for MJ15.75 million cash. The vendors of the FEI shares are Lim Oon Kok, South Eastern Investments and Wang JenChing. However,
      MBT  -  262 words
    • COMPANY BRIEFS
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        APPROVED ISSUES
        21 16 Com pony RIGHTS ISSUE Raleigh Seven for two $1 00 per shore Ex-dote: Aug 31 Books close: Sep 14
        21 words
      • Article
        PROPOSED ISSUES
        325 16 Company RIGHTS ISSUE AMDS One for four $050 per shore C 1 Holdings 27 million loon stocks in the rotio of $3 loan stock for every five ordinary shores held Duta Cons One-for one $1 10 per share F N Two-for-five $300 per shore F A C B
        325 words
      • Article
        COMPANY MEETINGS
        194 16 SINGATRONICS Limited: EGM at Board Room, #0601/06, 512 Chai Chee Lane.Bedok industrial Estate, Singapore 1646 on Thursday, Sep 8, at 11am. OAF Limited AGM at Hyatt Regency, Singapore. Sir Stamford Room. 10/12 Scotts Road, Singapore 0922 on Friday, Sep 9, at 11am. MBf FINANCE Berhad: 17th AGM at
        194 words
      • Article
        Unit trusts
        310 16 Managers' prices for Aug 31 UOB Management IMund 089 089 Singapore Unit Trust Commerce 0 95 1 01 Unibond 1 01 MARA-Bumiputra 1 035 The Savings fund 084 090 First B'putro 6 17 622 S pore Prog fund 040 044 Second B'putro 560 565 S'pore Sec fund 062
        310 words
      • Article, Illustration
        Downslide brought to a halt by bargain hunters
        710 16  -  By LONG SHIH ROME SCATTERED BARGAIN-hunting in afternoon trading lifted stock prices on the local bourse from the day's lows to close at nearly overnight levels. Following sharp falls in prices on the Tokyo market, local share prices drifted steadily lower after
        710 words
    • Article
      SES SHARE INFORMATION
      5427 16 1988 High Low I Tel Code Company Last Sale 4 orGr's Div V. Div C'vr Gr's YW Net P/E Vol Day 000) High Low Last Quote Buyer Seller SECTION ONE INDUSTRIAL 8 COMMERCIAL 141 85 218 I 167 i 135 460 95 42 122 100' 111 316
      5,427 words
    • SES/KLSE
      • Article, Illustration
        Late buying helps market recoup some losses
        3977 17 A LATE RALLY partially checked early weak trading in Kuala Lumpur yesterday, and share prices finished mixed to steadier. Trading was thin as investors were still wary of fresh commitments. At the final bell, the scoreboard showed 94 gainers and 76 losers while
        3,977 words
      • Article
        DIVIDENDS ANNOUNCED
        626 17 il Ei da* Books i! Total tor Ihe year Total tor AIN Bonk 13*% III Aug 23 NVA Aug 31 '3X% 27% Alax Hldgs 6%lbl Aug 30 Sap 9 Sep 26 6% 6% Bate 8% ill Sep 9 Sap 23 Oct 12 8% 22% Barjuntoi 3% Aug 19
        626 words
      • Article
        BONDS, LOANS & WARRANTS
        626 17 BONDS, LOANS WARRANTS Company Eipky/ Coupon Conversion period Interest Conversion term for one ordinary maturity date <%> payable •hare Chuon Hup Wrts 1991 Anytime on or after Mar 1987 16 warrants plus 1 60 cosh until Dec 31. 1991 City Dev Roods 1994 5% Feb 1 Aug 1 Oty D«v
        626 words
      • Article
        Lock icon 'Malaysian heavy industry plan has failed'
        386 17 Reuter A BOLD heavy industries programme to wean Malaysia's economy from overdependence on commodities has run into trouble because of lack of competitiveness and a small domestic market, some economists said. They said Prime Minister Oatuk Mahathir Mohamad is hoping the world economic upturn
        Reuter  -  386 words
    • REGIONAL MARKETS
      • Article
        Lock icon Matsushita to re-enter computer market
        596 18 NYT AFTER AN ABSENCE of 24 years, one of the world's largest electronics companies, the Matsushita Electric Industrial Co, is to re-enter the market for sophisticated computers. Company officials confirmed reports that Solbourne Computer Inc, a new company in Colorado that Matsushita controls, would soon
        NYT  -  596 words
      • Article
        Lock icon Bond holds 64.5pc of Bell after bid closes
        317 18 Reuter BOND CORP Holdings Ltd has disclosed that it held 64.54 per cent of The Bell Group Ltd when its A 52.70 a share takeover bid closed on Monday. Bond said it holds 209.77 million of Bell Group's 325 million shares. The
        Reuter  -  317 words
      • Article
        Lock icon Siam Group setting up firm to sell Subaru cars
        167 18 Reuter SIAM GROUP of Thailand is to set up a car sales company in Thailand for Fuji Heavy Industries Ltd's Subaru car, a Fuji Heavy spokesman said. Fuji Heavy will continue to have Siam Motors and Nissan Co Ltd produce Subaru
        Reuter  -  167 words
      • Article
        Lock icon Suharto urges Pertamina to improve efficiency
        252 18 Bernama PRESIDENT SUHARTO has instructed the state-owned oil company Pertamina to improve its efficiency and productivity so that the country could increase its exports of oil and related products. Pertamina was also ordered to increase the usage of its refining capacities. Minister of Mines
        Bernama  -  252 words
      • Article, Illustration
        Lock icon Late afternoon rally
        516 18 Tokyo Reuter SHARE PRICES in Tokyo closed higher yesterday, with a late afternoon rally bringing the market out of its lows as some institutional investors were worried that the market was falling too much and others looked for bargains. "There is really not much strength in the
        Reuter  -  516 words
      • Article, Illustration
        Lock icon Market recovers in late trading
        461 18 Australia Reuter THE AUSTRALIAN share market turned around from its downward drift to close higher yesterday. but trading remained thin and choppy. Brokers said all eyes were on Tokyo, which slipped away after opening firm. But near the close of trading in Australia, the Nikkei
        Reuter  -  461 words
      • Article, Illustration
        Shares lose ground in light trading
        1413 18 Hongkong HONGKONG share prices closed lower in light trading yesterday. The Hang Seng Index lost 25.28 points, closing at 2.439.55. Turnover amounted to HK$5l3 million, down from Friday's HKS6S7 million. The market was closed on Monday because of a public holiday. Selling was prompted
        1,413 words
      • Article
        Lock icon Taipei: Profit-taking sets in
        336 18 Reuter TAIWAN'S volatile stock market plummeted yesterday after a strong early rally as profit-taking set in among short-term speculators, dealers said. The weighted index dropped 116.37 points, or 1.4 per cent, to reach 7.473.38 compared with Monday's 7,509.75 close and down from an early high of
        Reuter  -  336 words
      • Article
        Lock icon Manila: Broad upsurge
        150 18 Reuter SHARE PRICES in Manila rose across the board yesterday, with investors encouraged by the absence of negative political news, brokers said. "It was regular buy and sell positioning in reaction to the drop in prices last week, with nervousness easing a bit. but I don't really
        Reuter  -  150 words
      • Article
        Lock icon Bangkok: Shares retreat
        166 18 Reuter THE SECURITIES Exchange of Thailand Index edged down 2.99 points to 435.62 yesterday on a turnover of 6.730,185 shares worth 376.58 million baht. Reuter AUG 30 SAHT Ao Kham Thai ♦26 ■9 Ayudhya invaatmant 422 -2 Bangkok Agro-lrxJ 109 unch Bangkok Bank 313 unch Bank Of
        Reuter  -  166 words
      • Article
        Lock icon Seoul: Stocks rebound
        209 18 Reuter SHARE PRICES in Seoul rebounded yesterday after nine consecutive sessions of declines as private investors showed new buying interest, brokers said. The composite index rose 12.68 points to close at 675.37 on turnover of 121.6 billion won against Monday's 114.2 billion. Investors gained confidence after securities
        Reuter  -  209 words
      • Article
        Lock icon Bombay: Mixed close
        169 18 Reuter SHARE PRICES in Bombay yesterday overcame early selling pressure to close mixed after institutional investors trooped in with support, brokers said. The recovery was also helped by selective buying from investors in other cities following improved half-year results from a number of companies. Brokers said a
        Reuter  -  169 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Strong advance by blue chips
        876 19 New York Reuter A REBOUND from recently oversold conditions, some small futures-related buy programs and a stronger bond market helped blue chips make their strongest advance on Monday since a j 37-point rise last Wednesday. But tradI ers called the gain unconvincing, since volume was
        Reuter  -  876 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        2055 19 Reuler LONDON: Share prices yesterday opened mostly lower in very thin and featureless trading at the start of the last week of a long three- week account. Dealers said caution prevailed after last week's data showing a larger than expected UK balance of payments deficit and a
        Reuler  -  2,055 words
      • Article, Illustration
        Lock icon Lloyd's faces loss of names
        762 19 Growing risks of huge claims scaring members away Reuter LLOYD S OF LONDON, once considered a respectable and sound form of gambling for Britain's blue-blooded and wealthy, is scaring members away with ever bigger risks of huge insurance claims. The world's largest insurance market celebrates
        Reuter  -  762 words
      • Article
        Lock icon Foodmaker Inc accepts buyout offer
        459 19 NYT FOODMAKER INC, which owns Jack in the Box fast-food outlets and Chi-Chis Mexican restaurants, has agreed to a U5519.125-a-share buyout proposal from a group led by Gibbons. Green van Amerongen. If the US$239 million deal is completed, it would be Foodmaker's second buyout in
        NYT  -  459 words
      • Article
        Lock icon Air Canada expects strong profits for full year
        229 19 Reuter AIR CANADA, the governmentowned airline that plans to sell a 45 per cent stake to the public, is predicting a profit of Cslo3 million for the year, despite earning only CsB million through June 30. An airline spokesman says the profit
        Reuter  -  229 words
      • Article
        Lock icon Canada's stricter disclosure plan comes under fire
        428 19 Reuter PROPOSALS by Canada's securities regulators to stiffen disclosure requirements for publicly traded companies are drawing fire from corporate lobbyists who fear the changes will be costly and futile. Spokesmen for companies to be affected also argue that regulators have over-stepped their authority
        Reuter  -  428 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      52 15 Pharmaton Capsules An effective aid to good health One Pharmaton® capsule a day will help to maintain your well-being, relieve Ljt tiredness and improve tm physical fitness. Available at all leading pharmacies, drugstores and the local distributor: INDRUCCO PTE. LTD. 34-C North Canal Road S(0105) TEL: *****24 Fax: *****22 ENQUIRIES
      52 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      34 15 //V 7W& Soa/, &£Z Z k/&// /T r//*£~ 7Z> <ZO &4Z<7Z> S^D/ZX-. :C)' ai-inn i 77S&&1S /\t) /Uo&Qt/, £CM*-£o**4slS/A/& 7ZWt/A/f kcr/r££-&*&< csvr/l -9:by Martell T &0&&S& 7Wf/Z£'£ AO /rav£-£uics <"£" a*C< mm-h i H 4
      34 words
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      Page 18 Advertisements Column 1
      406 18 NOTICES THE COMPANIES ACT, CHAPTER 50 Section 290(2)(b) NOTICE OF RESOLUTION AVERIANA INVESTMENT PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of AVERIANA INVESTMENT PTE LTD held on the 26th day of August 1988, the following resolutions were duly passed: RESOLVED: 1) That the company be wound
      406 words
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      Page 18 Advertisements Column 2
      427 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BUDDY INTERTRADE GARMENTS PTE LTD (In Members' Voluntary Winding Up) At an Extra-Ordinary General Meeting of the members of Buddy Intertrade Garments Pte Ltd duly convened and held at 77 High Street, #03-13 High Street Plaza,
      427 words
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      Page 18 Advertisements Column 3
      327 18 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF HAVPIL SHIPPING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of HAVPIL SHIPPING PTE LTD duly convened and held at Kronprinsesse Marthas Plass 1 OSLO 0160 1 Norway on 30th
      327 words
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      Page 18 Advertisements Column 4
      6 18 On target, Chart Point every Saturday
      6 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      82 19 This announcement appears as a mailer of recora only A Asian Oceanic Limited HK5200,000,000 Negotiable Floating Rate Hong Kong Dollar Certificate of Deposit Issuance Facility Under Ante' ana A-anger Citicorp International Limited Terete- Pane Citicorp International Limited Amsterdam-Rotterdam Bank N.V. Banca Nazionale Dell'Agricoltura. Hong Kong Branch Banco Totta A Acores.
      82 words
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  • Article
    Lock icon Heated debate likely in Ipoh on curbing spate of by-elections
    315 20 Bernama THE DELEGATES conference of the People s Progressive Party (PPP), a component party of Malaysia's ruling Barisan Nasional. in Ipoh on Sunday is expected to have a "heated debate" on a resolution urging the government to review current laws
    Bernama  -  315 words
  • Article, Illustration
    Japan's trade practices come under attack
    518 20  -  We're much misunderstood, Tokyo tells conference By LILY FERNANDEZ A MEASURE of Japan bashing was the order of the day yesterday on the second day of the Asean-European Community conference. The opportunity arose after Tsuguio Ibayashi, managing director and secretary-general of the Japan Institute
    518 words
  • Article
    Economic role best for Japan: Mochtar
    321 20 JAPAN'S role in the region should be one of an economic guardian, not a military one, former Indonesian foreign minister Mochtar Kusumaatmadja said yesterday. Speaking on Asean-Japan relations at the Asean Conference at the Marina Mandarin, Dr Mochtar said it was Asean's view that
    321 words
  • Article, Illustration
    Lock icon Brunei agrees to take part in aid plan for Philippines
    552 20 AP SULTAN HASSANAL Bolkiah of Brunei, reportedly the world's richest person, has decided his oil-rich nation will join an international group giving aid to the Philippines under a project similar to the post-World War II Marshall Plan. Sultan Bolkiah told
    AP  -  552 words
  • Article
    Lock icon 'Chinese plan to buy Sydney travel agency'
    154 20 AFP THE branches of two Chinese firms in central Hubei province are considering a US$l million venture to buy a travel agency in Sydney, said sources in Zhuhai, China close to the deal. The Wuhan branches of China International Travel Service and China
    AFP  -  154 words
  • Article
    Lock icon Japanese cautioned over Gulf reconstruction
    444 20 AFP JAPAN'S private sector industries have been warned to be wary of immediate involvement in reconstructing the warbattered economies of Iraq and Iran. Japanese diplomatic sources in Abu Dhabi said yesterday that government officials had advised businessmen to wait for an impartial assessment of the
    AFP  -  444 words
  • Article
    Lock icon Takeshita back in Tokyo
    191 20 AP JAPANESE Prime Minister Noboru Takeshita returned home yesterday from a six-day visit to China highlighted by the signing of an investment protection agreement and the announcement of new Japanese loans for Chinese development projects. The investment accord, which guarantees Japanese investors the same treatment and
    AP  -  191 words
  • Article
    Lock icon Jobless rate in Japan remains low
    232 20 AP JAPAN s unemployment rate stood at 2.5 per cent in July, a level government statisticians described as low and a reflection of the nation s booming economy While the seasonally adjusted unemployment rate for July was 0 1 percentage point higher than i
    AP  -  232 words
  • Article
    Lock icon Gen Try expects smooth transfer of power
    437 20 AFP INDONESIAN Armed Forces commander Try Sutrisno regarded as a potential candidate to succeed President Suharto expects a smooth transition in leadership "Preparations for the change in the national leadership are proceeding well," General Try said in an interview with the official Antara
    AFP  -  437 words
  • Article
    Lock icon Tokyo and Osaka to launch stock index futures on Saturday
    315 20 AP AS PART of a wave of liberalisation in Japan's financial markets, the Tokyo and Osaka stock exchanges are to launch stock index futures trading starting from Saturday. Exchange officials say the index futures market is likely to exceed the
    AP  -  315 words
  • Article
    Comex gold and silver
    115 20 COMEX gold futures trimmed early losses on mixed buying stemming from a lower dollar yesterday. The December gold delivery retained a loss of US$l.6O at U*****.10 an ounce after coming back from a low of US$435 80 Analysts said the dollar's downturn seemed to have put
    115 words
  • LATE FILE
    • Article
      Lock icon Saudi ruling on terrorists
      31 20 Reuter SAUDI ARABIA'S supreme Islamic body has ruled that convicted terrorists should be executed and Saudi lawyers in Bahrain said yesterday this would soon become law. Reuter
      Reuter  -  31 words
    • Article
      Lock icon Iran drawing refined Soviet oil
      45 20 AFP IRAN has started pumping refined oil from the Soviet Union through a pipeline linking Bandar-e Anzali and Rasht along the Caspian Sea in northern Iran, the Iranian news agency IRNA reported yesterday in a dispatch monitored in Nicosia. AFP
      AFP  -  45 words
    • Article
      Lock icon China announces price freeze
      34 20 Reuter CHINA yesterday announced a freeze on prices for the rest of the year and warned that the grain harvest could be smaller than in 1987 because of natural disasters.
      Reuter  -  34 words
    • Article
      Lock icon Locals take over top four HK posts
      57 20 AP THE HONGKONG government announced yesterday a major shift of senior officials in which local Chinese will replace expatriates in four top positions. The move appears part of a government drive to put local Chinese in key civil service posts before this British
      AP  -  57 words
    • Article
      Lock icon Floods leave 5m marooned
      61 20 AP THE BANGLADESHI government yesterday increased the estimate of people marooned by massive flooding to five million, and said the waters that have inundated northern Bangladesh in the past two weeks have killed at more than 200. A newspaper reported that some of the dead were
      AP  -  61 words
    • Article
      Lock icon Marcos appeals again to return
      48 20 Reuter DEPOSED Philippine president Ferdinand Marcos appealed to a Manila court yesterday to be allowed to return from exile to appear at a hearing on Thursday, court officials said. It was the second petition filed on his behalf in less than a week.
      Reuter  -  48 words
    • Article
      Lock icon Hawke picks Keating
      55 20 AFP AUSTRALIAN Prime Minister Bob Hawke yesterday named Treasurer Paul Keating as his "most appropriate" successor but not before the next general election. He made it clear that he was not contemplating making way for Mr Keating in the near future despite pressure from some sections of
      AFP  -  55 words
    • Article
      Lock icon World's youngest chess champ
      43 20 Reuter A 14-year-old British boy, Matthew Sadler, has become the world's youngest male international chess champion, the British Chess Federation said yesterday. He qualified after scoring 6.5 points out of 10 at a masters tournament in London on Monday.
      Reuter  -  43 words
  • Page 20 Advertisements
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      8 20 Aussie opposition politician disavows discriminatory policies, PAGE 2
      8 words
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      Page 20 Advertisements Column 2
      298 20 ,uthe/it'C TKoi sea"feod Ai" Its fr'netf. Over the years, WMn Chao Phava's reputation as the Q restaurant for authentic Thai fa|£} 0 seafood has grown. As the largest, fullv Sj£\ If air-conditioned Thai t restaurant in Singapore, Chao Phava serves a wide variety of dishes prepared in the distinctive style
      298 words
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  • SHIPPING TIMES
    • Article
      S'pore marine industry enjoys turnover of $517m in first half
      561 21  -  By JUNE LIM THE SINGAPORE marine industry turned in a promising first half with a 25 per cent improvement in turnover to $517 million. Mr Loh Wing Siew, president of the Association of Singapore Marine Industries, said that from all
      561 words
    • Article
      CSSC will expand Dalian yard to build very large tankers
      374 21 THE CHINA State Shipbuilding Corp (CSSC) will expand its facilities in the Dalian shipyard to build vessels up to very large crude carrier (VLCC) size by 1990 The South China Morning Post reported that the state-owned shipbuilder aims to build
      374 words
    • PORTSIDES
      • Article
        ICS team to go to London
        88 21 THE SINGAPORE branch of the Institute of Chartered Shipbrokers (ICS) will be sending a delegation to meet the Council members of the institute in London on October 1988. The members of the delegation are Mr Michael Leong. Mr Albert Lim Kar Ean and Mr
        88 words
      • Article
        New rate for Pacific trade
        141 21  -  -By Kingsley Wood THE IMPOSITION of a Basic Service Rate Addition (BSRA) of Asls a revenue tonne on less-than-con-tainer loads (LCLs) shipped from Australia to New Caledonia and Fiji placed the Pacific trade at risk, according to the NSW Export Development Group. President Richard Geddes
        141 words
    • Article
      HK shipowners eyeing second-hand tonnages
      315 22 HONGKONG shipowners are keeping a keen eye on the buoyant second-hand tonnage market to upgrade their fleet Teh-Hu Cargocean Management Co recently sold four of its vessels for a total of US$2O million and has plans to acquire more modern vessels in the second half.
      315 words
    • Article, Illustration
      US carrier collides with Spanish ship
      171 22 THE nuclear-powered US aircraft carrier Dwight Eisenhower collided with an anchored Spanish merchant ship near Norfolk on Monday but dam- age to the ships was light and no injuries were reported, the US Navy said. Navy officials said the 317-metre carrier struck the bow
      171 words
    • Article
      INDEX TO ADVERTISERS
      762 22 AB Shpg V s ABC Container IX 1 Accord Shpg VI 3 Ahrenkiel liner X 4 Alltrons VII 3 AC Toepfer XI 5 American Tpt XI 1/2 Anro Service IV 2/3 Arrow lines IX s Asian Ocean XI 4 Assoc Carnage XI 5 Atlas line X 4
      762 words
    • Article
      Lock icon US to open all containers from Latin American countries
      189 22 Seatrade Week THE US Customs Service has quietly launched a new policy whereby all containers arriving from certain Latin American countries are to be opened and inspected The process, began in early August, is to continue through early September, though Customs
      Seatrade Week  -  189 words
    • Article
      Lock icon Ship drydocked after collision
      47 22 Reuter THE CYPRUS vehicle carrier Forum Wind, 34,450 tonnes dw, is drydocked at Kanagawa in Tokyo Bay following its collision with the 21,355 tonnes dw Panamanian bulk carrier Sunny Spanker off northern Japan. An inspection showed it needed drydocking to carry out repairs.
      Reuter  -  47 words
    • Article, Illustration
      Lock icon Rotterdam forced to step up its port technologies
      1261 23 IHT HAVING REIGNED as the world's leading port for more than 25 years. Rotterdam is being forced to step up its involvement in new technologies and in the growing field of physical distribution to keep its healthy lead. The port, which grew
      IHT  -  1,261 words
    • Article
      SHIPPING LIST where your ships are due... and when
      8668 28 AARHUS Ville de Mercere. CM D Afrettement Aug 31 Maersk Paris Maersk Line. Sep 1 La Seine, Triot, Sep 1 London Express. Triot, Sep 1(PK) Ever Garland. Evergreen. Sep 3 Ming Propitious. Yang Ming, Sep 3 Chun He. China Ocean. Sep
      8,668 words
    • Article
      SHIPS IN PORT
      1668 28 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Als End«0»0v' <32 0 de 3106 0300 Boot U'to* <IS 0 de 0109 1500 Be "be'g <28 alongside 31 06 iaoc Coiy (X alongside 06 0* OtOC Coc'o <16 o»ongside 01 09 0600 0*y G'oce <16 alongside 31
      1,668 words
    • Article
      Lock icon Panama planning to switch its NY-based office to London
      336 32 Lloyd's List PANAMA is planning to move its New York-based maritime affairs office to London to preempt moves to close down its US headquarters in the continuing diplomatic row between the two countries. The New York office of Secnaves, the Panamanian
      Lloyd's List  -  336 words
    • Article
      Lock icon UK department monitors toxic waste ship
      195 32 AFP A VESSEL loaded with highly toxic waste which has been refused permission to dock in several countries was some 30km off the British coast on Monday and being "closely monitored", the UK Department of the Environment said. The Karin B. which left Spain
      AFP  -  195 words
    • Article
      CONSORTIA
      162 32 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (Far East/Europe): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (Straits/Australia): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd Lines
      162 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      699 21 STP Distributors Dedicated to Quality Service JAROINE SHIPPING AGENCIES 200 Cantonment Road #12-05 Souttipomt Smgapori 0208 Tel *****11 TMx RS ***** Facsimile *****09 TERMINAUCFS TK *****18 *****19. *****20 FOR CUSTOMER SERVICE INQUIRIES ANO BOOKINGS Tit *****M5 Pf SAM JAR DINE SHIPPING AGENCIES SON BHO PORT KELANG T« *****16 T«u MA
      699 words
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      Page 21 Advertisements Column 2
      121 21 r mm HONGKONG shipowners are keeping a keen eye on the buoyant second-hand tonnage market to upgrade their fleet. Page II HAVING REIGNED as the world's leading port for more than 25 years, Rotterdam is being forced to step up its involvement in new technologies and in the growing field
      121 words
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      Page 21 Advertisements Column 3
      916 21 -o° I>dtl>%turl h.« TIMES STP Distributors Timet PuMtfwif Croup MAERSK LINE YOU ARE AHEAD WITH OUR ARRIVALS FM EUROPE EVERY MONDAY Feeder from) Malaysia This week M Harts I CV IS 1230 MRS CFS 1/9 0230 HRS M PARIS Ml 2 M ROTTERDAM MlO M TOKYO 0814 AXEL M V
      916 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      548 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT LA SEINE LONDON EXPRESS BENALDER BENAVON OSAKA BAY KASUGA MARU ALSO ACCEPTING CARGO TO ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN, COPENHAGEN, AARHUS. GOTHENBURG. MAIMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN I S AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG OSAKA BAY KASUGA MARU LARGS BAY
      548 words
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      Page 22 Advertisements Column 2
      18 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National vXESffcj Shipping Association
      18 words
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      Page 22 Advertisements Column 3
      538 22 C SAV Corrpjntj Sud Arvcncjnj clc Vjporcs S A Line I id I 4 TO/FROM CHILE FIEKR VESSEL CUV 1 CSAV 2 CSAV 3 1W w MOTHER VESSEL HK TOKO MtCA KN ANTOFVALP SAi VELAY VMS m 7/11 11/11 CA* CARRIE* (1) 2M «0»- 301LAJA V*W 1/1* 14/ M ISOI
      538 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      1354 23 a The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers SERVICE TO UK/CONTINENT:^) Callinf Buun Koto. Nifoyi, T o*»o Calling Shimim gulfservTceH Accepting cargo to Doha. A Dhabi. Mombasa. B Abbas t Oar-es-sallam via Dubai Also accepting LCL cargoes to Gulf Ports. Spore Col Khi Bom Col 15H
      1,354 words
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      Page 23 Advertisements Column 2
      733 23 EUROPE OUT BOUNO LOAD DISCHARGE VESSEL EUROPEAN SENATOR JAPAN SENATOR DUTCH SENATOR KOREAN SENATOR YOY Sj«L WF 020 03 00 WF 021 II 00 WF 022 17.01 Off 023 01.10 LOAD RT| NJ_ 20 01 30 09 ANT 01.10 00.10 15.10 2110 OISCN 27 01 05.10 11.10 2510 06.10 07.10
      733 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      529 24 IHSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES KYOWA LINE RNC/8. PACIFIC SERVICE Singapore Loading for: k 1/10 LAE. PMB, HRA MICRONESIA SERVICE OCEANIA EXPRESS V-20 13/9 ASIAN LILY V-43 HK LOAD FOR 13/9 GUAM, SAIPAN YOKO LOAD FOR 2/9 YAP KOROR, TRUK, PONAPE [u£l SUN UNION LINE
      529 words
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      Page 24 Advertisements Column 2
      852 24 is»lt tmrrmi FULLY CONTAINERISED BER VICE ro EUROPE VIA SUEZ 1 Mffntow of the Ace Consortium •FDR/MOTHER VESSEL NCY 46E/HANJIN BUSAN 13E NCY 46E KOREAN WONIS SUN 73f KBK 128 HANJIN BUSAN I3E KBK 128 KOREAN WONIS SUN 73E HKC MC/HANJIN POHANG 12E HKC SSE KOREAN WONIS ONE 12E KJJ
      852 words
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      Page 24 Advertisements Column 3
      208 24 \'A FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 10 9 20 9 AFGHANISTAN NEW SERVICE KABUL/HAIRATAN/TORGHUNDI 20/9 8/10 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE FREMANTLE Also occepring to Darwin AUCKLAND. WELLINGTON, LYTTLETON, DUNE DIN NAPIER EUROPE HAMBURG, ROTTERDAM, BARCELONA, FELIXSTOWE, LONDON, ANTWERP Also accepting to: Scandinavian European
      208 words
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      Page 24 Advertisements Column 4
      888 24 iiraca, weanesaay, August ai, i»oo EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) PROVIOENCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO DETROIT. COLUMBUS OTHER MAJOR OMCROORIDGE DESTINATIONS I) BALBOA LNRON 4) MONTREAL. TORONTO VIA NEW TORK ggi Sliß clamour and
      888 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      829 25 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE BANGKOK CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE VESSEL JARU BHUM MAI GUAMG PIYA BHUM KOTA UAWAR JENLMK SIRI BHUM VESSEL KOTA MELATI SEA GLORY KOTA MELATI SEA GLORY
      829 words
    • Advertisement
      Page 25 Advertisements Column 2
      605 25 \rm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT LJ Sciim in London Eiprm 15 Bwul«*r S5 Imw M OuU Ur 145 Kjtufl Mjru HI Kjfa 225 Lirgi Bit 245 Honfkoof E iprm JO'S 255 205 215 I*s 245 2»5 221 245 245 2M 245 255 2M 205 »5 »5
      605 words
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      Page 25 Advertisements Column 3
      672 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE SRIWIJAYA/24W8 OCEAN PRIMA/UWB KUTAI/15WB ANTWERP H'BURG/ ROAM/ADAM BREMEN 14/10 IS/10 26/10 29/10 »/10 31/10 Subject to Inducement. Alto accepting cargo to Casablanca. Port Said. Port
      672 words
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      Page 25 Advertisements Column 4
      382 25 BOUSTEAD SHIPPING AGENCIES pa AN vim HAM V 341 BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon pore P.Kelang Penang Bangkok BANK LINE SMI-CONTAINER SFRvicf HEAVY UFTJAPABiIiTTNORTHBOUND TO UKC IVYBANK VZ2N TAUSALA SAMOA VI3N MORAYBANK V6N SPORE ROAM HULL HMBG 11 li 10/10 15/10 12/10 4/10 31/10
      382 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      707 26 K LINK KAWASAKI KISEN KAISHA. LTD. NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP N. AMERICA-ATLANTIC COAST VOY *INDO 16 78/8 •PK/PNG 29/8 6/9 13/9 20/9 NYC HFX 8/10 12/10 15/10 19/10 22/10 26/10 29/10 2/11 NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP VOY LB 15 23/7 •PK/PNG *INDO
      707 words
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      Page 26 Advertisements Column 2
      305 26 Accepting LCL and containerised cargoes Direct to South Africa Accepting Containers Only NEDLLOYD COLOMBO SQ36F UNITY 8209F OSAKA MARU 6141F VENTO 07Q3F HAYAKAWA MARU 5839G CANOPUS 0502G WW/ BD JARDINE SHIPPING AGENCIES (REG *****4/ OOK) N J ONMENT ROAD 12 05 SOUTHPOINT. SINGAPORE 0208 Tel: *****11 TELEX NO RS *****
      305 words
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      Page 26 Advertisements Column 3
      714 26 ii Si J AUSTRALIA EXPRESS CONTAINER SERVICE I TUIS I OAS 37 KALIDAS Y 39 TULSIOAS 38 j KALIDAS V4C j INDIA EXPRESS CONTAINER SERVICE Accepting FCL7FCL Containers INDIA/JAPAN/INDIA SERVICE Accepting FCL Container* and Conventional Cargo Also accepts Metals Steel Products Singapore P Kelang Penang loading tor 1 ARUNACHAL PRADESH
      714 words
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      Page 26 Advertisements Column 4
      689 26 GOLDEN LINE ftQj G"> l GUAN GUAN SHIPPING (PTE) LTD M I 23. Teto* A»er Strwt *■——>4 SINGAPORE 0104 TEL >}4NM (10 LINLS) F« UUSO4 STRAITS/PERSIAN GULF SERVICE: Spore PKeiang P tnint GOLDEN BEAR Cotombc Karachi Dubai 8/9 Sept GOLDEN HARVEST CokxnDo Karachi Dubai 21/29 Sept CHINA SERVICE BAI YUN
      689 words
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      Page 26 Advertisements Column 5
      471 26 HIPPING TIMES, Wednesday, August 31, 1988 PHILI-ORKNT UN€5 PT€ LTD HEAD OFFICE (3 ROBINSON ROAO 07-1? 1 1 AFRO ASIA BUILDING SINGAPORE 010S TELE* RS ***** PHILI FA* *****76 MIDDLE EAST/FAR EAST FCI ft LCI SERVICE LCL SERVICE Ml IM H him; *<-. COLOMBO KARACHI BOMBAY [NEW GENTRADE 6/9 CHITTAGONG
      471 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      980 27 NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA SEA G«n«ral Enquiries: Tel: *****77 Terminal CFS BOOKINGS IItSW 27»7« *****22 *****53 *****19 *****11 NEPTUNE ORIENT LINES LTD IST FAR EAST/EUROPE FUUY CONTAINERISED SERVICE < TO EUROPE/UK (VIA SUEZ): I s I NEPLINE SON BHD 3UMS7 NEPLINE SON BHD *****13 NEPLINE SON BHD
      980 words
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      Page 27 Advertisements Column 2
      475 27 HEUNG-A SHIPPING Korean Flag Vessels 0 OOMAM SEMI-CONTAINERISED DIRECT SERVICE TO P. KELANG, PENANG. KEELUNG, BUSAN, INCHON STRAITS/KOREA SERVICE WEF JUNE:1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE SERVICE!! Vessels Nunc ITO BS S PORE PKELANC KE£ BUSAN MOJI #Vef» JOIN 01/09 0209 12 15/09 17/09 No 8 Donam
      475 words
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      Page 27 Advertisements Column 3
      710 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 SHIPPINC W Pfong S"«T Penang. Ma'a,s.a Cables jAVAPO* PLNANG Tel *****4
      710 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      230 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. ta 225 6868 (30 lm«) fAX *****J9 *****76 TILU RS ***** A 8 SSCMA HS ***** A B SSCAO DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE TO FAR-EAST FROM EUROPE. EAST MEDITERRANEAN, MIDDLE-EAST INDIAN
      230 words
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      Page 28 Advertisements Column 2
      55 28 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TO TAIWAN JAPAN COMPAGNIE MALGACHE DE NAVIGATION (M«4ag«scar National Shipping Lint) INDIAN OCEAN/AFRICA REGULAR SEMI-CONTAINERISED SERVICE [vessel I spore I loading fob I SPECIALISED HEAVY LIFTERS AVAILABLE MIDDLE EAST REGULAR LINER VESSEL SPORE KASUGA 15-17/9 LOADING FOR Muscat. Dubai, Bahrain Kuwait.
      55 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      658 29 REGULAR EXPRESS FCI LCL SERVICE I..<Z!SBnXI3 WE THANK ALL OUR SHIPPERS FOR THEIR OVERWHELMING SUPPORT ON THE TNT EXPRESS V 207 SAILED S'PORE 30/8/88 PLEASE BE ASSURED OF OUR BEST SERVICE ALWAYS. OUR NEXT LOADER IS ELLEN HUDIG V2OB ETA S'PORE 8/9/88 AGENTS FARGO SHIPPING COMPANY (PTE.) LTD. sr 15.
      658 words
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      Page 29 Advertisements Column 2
      382 29 kspfCSP SHIPPING AGENCIES Pit LTI 01 lTel: *****66 (16 Lines) Fax: *****61 LCL FIXED CONSOLIDATION TO:MARSEILLES/GENOA KEELUNG/MANILA jmnmb S pore to USA (ALL PORTS) (LCL) ETD 18.9.8 S'pore to Auckland (LCL) ETD 9.9.8 S'pore to Antwerp (LCL) ETD 8.9.8 S'pore to Copenhagen (LCL) ETD 8.9.8 S'pore to Fremantle (LCL) ETD
      382 words
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      Page 29 Advertisements Column 3
      850 29 < CPS > CRYSTAL FREIGHT SERVICES BEST RATES EVER LOS ANGELES ETD SIN: 8/9/88 i WEEKLY CONSOL SERVICES FAR EAST BUSAN 8/9/88 BANGKOK 2/9/88 HONG KONG 2/9/88 KEE/KAOH 4/9/88 SRI LANKA COLOMBO 8/9/88 AUSTRALIA MELBOURNE/SYDNEY 7/9/88 CALL BOOKING HOTLINE FOR BEST RATES 2233 9 2 2 TEL *****88 TELEX *****
      850 words
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      Page 29 Advertisements Column 4
      201 29 Tatsumi Marine DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct call to other ports sub/ect to inducement (also accepting transhipment cargo OROBA Y MADANG. KIETA. WEWAK KIMBE. RABUAL via LAE) S'PORE: NEPTUNE AGENCIES PTE. LTD Ttl: *****77, *****34, *****71 KP. OFFICt TM MAftIME SCITVtCES PTL LTD. (SPOKE) TEL: MALAYSIA
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      Page 29 Advertisements Column 5
      218 29 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 cn a n ilj—mll ojjjj j ilf i >if—ifjj j Algerian National Line FAR EAST I MEDITERRANEAN SERVICE S PORE LOADING FOR MV KSAR ETTIR w JAPAN ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS Heavy Lift
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      521 30 FINE-LINER SHIPPING PTE LTD 70 Shenton Way. 04 0?C Marina House. S pore 0707 TEL ??WO7/ (8 Lines) TLX RS ??W1 FLINER TAX *****56 EUROPE SERVICE FAR EAST SERVICE MIDDLE EAST GULF SERVICE STOKE HQ DUB SMJ KWT BAH DO* Urt Urt Urt 14/1 ISA lirt Urt 23/1 11/1 m
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      Page 30 Advertisements Column 2
      778 30 ZIM run lUNIAIIUK ttitviit *cc«ptinf td/ici cargo** to uu East I Wwt CarnbbMn.Eaat Canada HAITI Co«ta Riea. El Salvador. Guatemala Honduras Vtnwuala Poru Ecuador Colombia via Miami. Trinidad. Barbadot Antirua St Lucia. MontMrrat. Guayana via Kingtton IM SINGAPORE IM YOKOHAMA IM MELBOURNE IM GUAM IM OSAKA I'j.v.ii'TTriCT^Bigi'TiaTrMiTaTTw IM IBERIA IM
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      Page 30 Advertisements Column 3
      423 30 M. CUIlfSUdy, /\UgUSI oi, 1900 PB| Si compania peruana 5 9 vSi de vapores r A J "PERUVIAN STATE LINE" j 5 LOADING FOR CALLAO. MATARANI, ILO* AND ALL OTHER K Wa PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON g# CPV THROUGH BILL OF LADING TO FINAL DESTINATION. r A
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      386 31 Seabtfdgfe INTERCONTINENTAL LINES WEEKLY FCL/LCL GROUPAGE FROM SINGAPORE PORT KELANG PENANG UK. HAM. RTM. I HAVRE. ANT. GENOA. ARAHUS. STOCKHOLM. HEL. CPH. GOTBG. MARSEILLES. OLSO ALL INLAND DESTINATIONS POINTS. WEEKLY FCL/LCL GROUPAGE FROM SINGAPORE PORT KELANG PENANG !RJ?LJS£ Ha CITY mLk BUSAN JPN, CHINA A ALL INLAND POINTS. WEEKLY FCL/LCL
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      Page 31 Advertisements Column 2
      268 31 Consolidation Service NEW CALEDONIA TAHITI SIN 8/9 NOUMEA 5/10 PAPEETE 7/10 MAURITIUS REUNION ISLAND SIN 6/9, 2/9 PORT LOUIS 16/9 REUNION 15/9 FRANCE SIN 10/9 MARSEILLE 26/9 LE HAVRE 1/10 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: *****55 TLX RS ***** HSk
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      Page 31 Advertisements Column 3
      514 31 SING HWANG HANG TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST LCL/FCL SERVICE JENHOL V 80N JENHOL V 81N 4/9 11/9 JAKARTA JAKARTA DESTINATION BANGKOK PORT KELANG HONG KONG, CHINA PORTS KEELUNG. KAOHSIUNG MANILA BUSAN KOBE. TOKYO SYDNEY, MELBOURNE. ADELAIDE. BRISBANE ETA S PORE 10/9. 14/9 4/9 3/9. 8/9 4/9.
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      Page 31 Advertisements Column 4
      582 31 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG *AT ATTRACTIVE RATES' SP PKL PN G SELATAN IXV-74 Sid G/SELATAN VIII V-S3 Sid 7 G/SELATAN VI V-« 3 Sid 10/t C/SELATAN IX V-7S Sid 30/1 TBN Early Sep 6 VESSELS OF LOG CARRIERS I
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      Page 31 Advertisements Column 5
      351 31 r r PTC CONTAINER LINES FCL/LCL SERVICE PIC GfVOUP m C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL UN AFGHANISTAN 3/9 HAIRATAN/KABUL/TOURGHUNDI General Agents: POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 FAX: *****41 TLX: R*****6 (NtMBER OF 1 Hfc PRESS GROUP) WEEKLY CONSOL SERVICE LCL/FCL U.S.A. (East West
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      395 32 —< Sun Hup Co (Pte) Ltd LrL TEL *****06 (20 Lines, TLX HS ***** &RS ***** ft. I \s| I R\ \K I l\l k. I I I). STRJUTS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Hong Kong 23/9 Yokohama 4/10 Nagoya Osaka Senboku Tokyo 'Subject to cargo inducement
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      Page 32 Advertisements Column 2
      180 32 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE USA-EAST COAST/GULF/CANADA/MEXICO* AND FRENCH WEST INDIES Spof* LeHawt Connecting VSL for Gulf JUTSMSV'S, *2 "2 STUTTGART UP fcrE^' JUTLAND!* V 302 Sfl B/» DUSSELDORF EXP Orleans. KORRIGAH vm 12J9 g/f NUERNBERC EXP Houston/Mejico L __J Vera Cruz. Mtnco City Also serving Halifax.
      180 words
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      Page 32 Advertisements Column 3
      188 32 ULTIMATE FREIGHT SERVICES PTE LTD Tel: *****11 Tlx: ***** Fax: *****92 Weekly LCL acceptance to AUSTRALIA all ports NZ HK BANGKOK EUROPE USA CANADA all ports incldg China incldg Laos all major ports Seattle. Portland, LA. SFO A major ports fcdmonton,'Calgary. VC R WinnipegTSaskatoon, TRT Montreal, Ottawa TOKO LINE Loading
      188 words
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      Page 32 Advertisements Column 4
      912 32 /M 1 CALL US AT: P KELANG PENANG J. BAHRU P. GUDANG M SINGAPORE M K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE I 8 BUTANC Ml aO5 OTHER DESTINATIONS AARHUS. AMSTERDAM. ANTWERP BASLE BREMEN BREMERHAVEN COPENHAGEN HELSINKI. MALMO OSLO. STOCKHOLM. UK SINGAPORE LEHARVE 22 08 82E222 *****53/*****11 04-*****2/4,
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      183 32 "A Weather m a £5 si m. K i? 5 3? SS SI 1 ■SES > <€i 257 t! 1225^ 1£ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. August 31, 1988 Wind direction with speed in knots Wave height LEGEND R Thunderstorm Temperature *q TJ Shower Weather Wind direction
      183 words