The Business Times, 2 June 1989

Microfilm: NL16652
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, JUNE 2, 1989 75 CENTS
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  • Article
    FINANCIAL NEWS SUMMARY
    247 1 Dow down WALL STREET share prices weakened at the start of trading yesterday, with the Dow Jones index of 30 leading industrials down 2.77 points at 2,477.39 points in early dealing. Trading was moderately active with seven million shares having changed hands and declines leading advances by
    247 words
  • Article, Illustration
    Local stocks rise in active trading
    227 1 DESPITE LOSSES in Tokyo and Hongkong, the Singapore stock market rallied yesterday to a strong closing. Boosted by strong overseas demand, the Straits Times Industrials Index jumped 13.70 points to close at 1,292.94 while the Business Times Composite Index advanced 17.82 points to 1,193.25.
    227 words
  • Article
    US dollar opens higher in Europe
    118 1 THE US DOLLAR started higher against other major currencies in Europe yesterday following nervous trading ahead of the Bundesbank council meeting later in the day. In London, the greenback opened at 142.40 Japanese yen and 1.9783 West German marks, up from its close of
    118 words
  • Article
    Lock icon LDP rival emerges to challenge Uno's bid
    392 1 Reuter FOREIGN Minister Sosuke Uno returned home yesterday to take Japan's premiership only to find that a rival candidate had emerged from within the ruling Liberal Democratic Party. Mr Uno, 66, was expected to be elected without opposition, but a small group of
    Reuter  -  392 words
  • Article
    SingRe moves into loss-adjusting business
    507 1  -  By WILLIAM CHIA,MAGDALENE NG SINGAPORE REINSURANCE Corporation (Singße) is moving into the loss-adjusting business in a bid to expand its range of feebased activities to clients. The company has just registered a new company APR International Loss- Adjusters Surveyors Pte Ltd (APR), whose main objectives
    507 words
  • Article, Illustration
    CTE consortium hit by discord between partners
    508 1  -  FINANCIAL AND MANAGEMENT PROBLEMS SAID TO BE THE CAUSE By LILIAN ANG FINANCIAL and management problems are souring up relations between members of the consortium behind one of Singapore's biggest ciVtl engineering projects, the Central Expressway (CTE). One of the management problems is
    508 words
  • Article
    Central Expressway project progressing well despite problems
    357 1 PROBLEMS notwithstanding, the massive Central Expressway (CTE) project is going full steam ahead. After a delay of several months, indications are that the hiccups which plagued the project initially are now being removed. Rohan Shorland. project manager with Expressway Construction Private Limited (ECPL),
    357 words
  • Article
    Lock icon Taiwanese step up investments in 4 Asean nations
    139 1 Reuter TAIWANESE investments in four South-east Asian countries jumped substantially last year, trailing only those of Japan, the Board of Foreign Trade said yesterday. Board official Ma Chien-yi said in Taipei that total Taiwanese investments in Thailand, the Philippines, Indonesia and Malaysia
    Reuter  -  139 words
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      164 1 f ART 70 WEAK. .««1 DHi 0.M4*2 M 7WSJIJ ix«w (,u»« > On- lU ">" twd —M"»* «*< For the best in Sichuan and Seafood Dishes Steamed H.-d Fish with Soya Bean C rumbs 28**1* Dragon City Sichuan Restaurant Dragon City Sichuan Restaurant is famous for its exquisite Sichuan Cuisine.
      164 words
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      12 1 Full report, PAGE 16 Regional mkts, PAGE 18 World mkts, PAGE 19
      12 words
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      Page 1 Advertisements Column 3
      191 1 Editorial Comment: 10 The crowbar principle Asean 11 Strategies to prevent domination SOI 2 Holding petrochem stake Joseph Chew 3 Back to SIA China's foreign ties 4 Officials against dramatic shift Protectionism 5 US sees threat from EC Insurance industry 7 More expansion likely NDC Merchant Bank 7 Dramatic rise
      191 words
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      Page 1 Advertisements Column 4
      381 1 Quadruple Zoom+Auto Two-Color. Social diseases of our time If you thought people who pile up their plates at buffets and do more in HDB lifts than go up to the fifth floor are products of poor upbringing, think again. Studies have shown that such people are J actually victims of
      381 words
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  • HOME NEWS
    • Article
      Shell unit to hold petrochem stake
      571 2  -  Holding company is Dutch firm with worldwide interests By ANNA TEO SHELL'S equity in the petrochemical complex will be held by Shell Overseas Investments BV (SOI), a diversified subsidiary of Shell Petroleum NV, one of the group's holding companies. SOI is a Dutch holding
      571 words
    • Article
      CIDB to hold course on home renovation
      153 2 THE CONSTRUCTION Industry Development Board will start a course on home renovation in its first attempt to reach out to consumers directly and be involved in educating them. The four-hour course will be conducted by the board's training arm, the Construction Industry Training
      153 words
    • Article
      Singapore investors less active in Indonesia than other NICs
      364 2  -  By JAYARAM MENON SINGAPORE investors are less active than their counterparts from the other Asian newly-in-dustrialising countries when it comes to investing in Indonesia, said an Indonesian investment promoter. Mr Rasidi, vice-chairman of the Investing Coordinating Board of Indonesia, noted that
      364 words
    • Article
      Mochtar to speak here again
      281 2 FORMER INDONESIAN Foreign Minister Dr Mochtar Kusumaatmadja is soon expected in Singapore to speak on Japan's search for a new role in South-east Asia. According to a press release from the Information Resource Centre, a Singaporebased private research body, Dr Mochtar's lunch-time talk, Japan and
      281 words
    • Article
      Private bank available for storing your own blood
      348 2 THE FIRST private autologous blood bank, costing $5 million, will begin operations in Singapore within a fortnight. Unlike conventional homologous blood banking, where a person uses the blood ot a donor, autologous blood banking allows the person to use his own blood.
      348 words
    • Article
      MEMO PAD
      635 2 WM Seminars and Courses C 1 p Jwn 1 2 Performance Appraisal Jon 1 2 Techniques in Safeguarding Credit Exposure Jun 2 3 Budgeting And Cash Flow Monogement Jun 3-28 Super Selling Your Way to Success Jun 6 7 Executive Information Systems Jun 7 Computer Abusive Attack on
      635 words
    • Article
      Singapore's jewellery exports likely to rise 30-40pc
      214 3  -  By SANGEETA MULCHAND EXPORT of Singapore-made jewellery is expected to increase by about 30 to 40 per cent this year, according to the Singapore Trade Development Board. This forecast follows the republic's participation at the recent European Watch, Clock and Jewellery Fair in
      214 words
    • Article
      Tourism, motoring promote understanding: Dr Yeo
      205 3 INTERNATIONAL TOURISM and motoring are excellent ways of promoting interaction and understanding between peoples of different countries, said Dr Yeo Ning Hong. "They help to create an atmosphere of greater understanding and a spirit of friendship and harmony, enabling people from all over the
      205 words
    • Article
      Events to promote automation drawn up
      241 3 A NATIONAL Automation Programme, consisting of a series of events spread throughout the year, has been drawn up to increase the awareness, acceptance and, ultimately, application of automation to the local economy. From now till November, there will be three major programmes focusing on
      241 words
    • Article, Illustration
      Information institute all set to train specialists
      365 3 THE Information Communication Institute of Singapore (ICIS) has geared up for its task of building a pool of telecommunication specialists. The institute yesterday named its board of advisers and said it would accept its first batch of students for the post-gradu-ate course next
      365 words
    • Article
      Teng Cheong to lead team to Geneva
      241 3 ONG TENG CHEONG. the secretary-general of the National Trades Union Congress (NTUC), will lead a delegation to the 76th session of the International Labour Conference in Geneva. Labour Minister Lee Yock Suan will also attend and is expected to address conference delegates. The
      241 words
    • Article
      More land for entertainment?
      128 3 THE SINGAPORE Tourist Promotion Board (STPB) is seeking to almost double the size of the site intended for the proposed Singapore Entertainment Centre at Marina South. When tenders to develop the 21-hectare site closed on May 1. the tenderers who had requested a larger site did
      128 words
    • Article
      Ministry registering eye solutions
      121 3 THE HEALTH MINISTRY yesterday began registering all eye preparations under the Medicine Act. From now till Sep 30. all such products meant for sale in Singapore have to be registered with the Ministry's Drug Administration Division. The ministry yesterday said three brands currently sold locally had
      121 words
    • Article
      Minister from Taiwan sees PM
      62 3 THE Minister for National Defence from Taiwan. Cheng Wei-Yuan, called on Prime Minister Lee Kuan Yew at the Istana yesterday. Mr Cheng is on a three-day visit to Singapore as the guest of First Deputy Prime Minister and Minister for Defence Goh Chok Tong Mr
      62 words
    • Article, Illustration
      Joseph Chew takes up marketing post at SIA
      271 3 AFTER a four-year attachment at the Singapore Tourist Promotion Board (STPB), Joseph Chew returned to Singapore Airlines yesterday to take up the post of assistant director of marketing in charge of product and operations. Me replaces Richard Khoo, who is moving to
      271 words
    • Article
      Lee Rubber plans $25m high-tech factory for leasing
      328 3  -  By RAHITA ELIAS LEE RUBBER, long associated with commodities, is diversifying into factory leasing. It plans to build a $25 million high-tech factory building in Kallang Bahru which it intends to lease out to one or several tenants from the electronics and
      328 words
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      124 2 3 a 1-, FOR MEN WHO DARE Every Giugiaro label epitomises the state-of-the-art technology. More than that, it also embodies the skill and talent of the world-famous Italian Industrial designer. Giorgetto Giugiaro. Giugiaro's leather creations, combines creativity with world over. functionality. And that's why Giugiaro is so famous the Giugiaro
      124 words
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      Page 2 Advertisements Column 2
      60 2 NORTHWEST Northwest 7brlines Inc their commencement of scheduled services to Singapore on 3 June 1989 The Management and Staff of The Glass Hotel bids a warm welcome to the crew and passengers of Northwest Airlines. AVANT HOTELS (SINGAPORE) PTE LTD 317 Outrom Rood S.ngopore 0316 Tel *****88 Coble GLASSHOTEI SINGAPORE
      60 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Trade officials against any shift in China's foreign ties
      443 4 SHANGHAI, GUANGDONG OPPOSE PRO-SOVIET POLICY Reuter FOREIGN TRADE OFFICIALS in Shanghai and Guangdong strongly oppose any dramatic change in China's foreign relations that would favour the Soviet Union at the expense of Japan and the West, a pro-Beijing newspaper said in
      Reuter  -  443 words
    • Article
      Lock icon Economists fear stagnation and drop in foreign investment
      388 4 Reuter A POWER STRUGGLE in China sparked by six weeks of student protests means foreign investment will fall and the economy may stagnate, Chinese and western economists said in Beijing yesterday. Hardliners led by senior leader Oeng Xiaoping and Premier Li Peng
      Reuter  -  388 words
    • Article
      Lock icon Johor council assessing value of property hit by Causeway project
      184 4 Bernama THE Johor Baru Municipal Council <MPJB) is assessing the value of its property affected by the Jobor Causeway expansion project and the resultant income loss. MPJB deputy president Datuk Haji Mohamed Noor Rahim said on Wednesday that revenue from
      Bernama  -  184 words
    • Article
      Lock icon KL amending act to ensure use off Malay in all courts
      191 4 Bernama AMENDMENTS to Section 8 of the National Language Act to provide for the full use of Bahasa Malaysia in all courts in Malaysia will be tabled in the next session of Parliament. Announcing this yesterday, Education Minister Anwar
      Bernama  -  191 words
    • Article
      Lock icon UK likely to ask China to amend proposals on martial law in HK
      335 4 FT THE UK GOVERNMENT is expected to ask China to amend proposals which would allow Beijing to declare martial law in Hongkong after the British colony reverts to Chinese sovereignty in 1997. This is the first example
      FT  -  335 words
    • Article
      Lock icon Foreign slice of Japan's microchip market rises to 10.9pc
      140 4 AFP THE FOREIGN share of Japan's microchip market rose to 10.9 per cent in the first quarter of 1989, equal to its previous high and up from the previous quarter's 10.6 per cent, an official from the Trade and Industry Ministry
      AFP  -  140 words
    • Article
      Lock icon American companies the biggest investors in Japan
      288 4 AP AMERICAN companies were the biggest investors in Japan, while the US was the number-one destination for Japanese investment overseas last year, Japanese Finance Ministry officials said on Wednesday. Investment by foreign countries in Japan jumped sharply last year, while investment by Japan
      AP  -  288 words
    • Article
      Lock icon India defers MPs' trip to 15 countries
      204 4 AFP THE INDIAN government said on Wednesday that it was deferring a trip by 30 Members of Parliament to 15 countries to study the use of the Hindf language by Indian diplomatic missions. The government gave no reason for the sudden decision, but
      AFP  -  204 words
    • Article
      Lock icon Taipei waiting for law protecting investments in Philippines
      153 4 AFP TAIWANESE BUSINESSMEN are awaiting a law guaranteeing their investments in the Philippines before putting more money into the country, the Business World newspaper said in Manila yesterday. Taiwan, the fastest-growing foreign investor in the Philippines, has been seeking passage of a
      AFP  -  153 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1036 4 ARRIVALS 1 1 S*rvtc« Local T-om number tim« CPA CX710 1000 CGK SWR SSI 86 1015 ZRH/BKK MAS MH607 1020 Km GU GA960 1100 CGK SU SQI05 1105 KUL RBA M421 1130 BWN QFA QF072 1135 BKK SAS SK971 1145 CPH/BKK SiA SQ151 1145 CGK GiA GA940
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      77 4 7A m 7'^VJ 1 v- 'J 98*1* N zr* 55 -jj v? -i S«N 4f-** m. z^'i ■m 7'> 0. m ■4 vi =i<; H ar V r*S very best -«w M </( w i Jj M/ 4T 1 155 5^ xa 5W5 *^T"' SHEAFFER SJy*3tf«' talon, if; erf/ie Q)a*ofieari
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      Page 4 Advertisements Column 2
      48 4 Mora reports, PAGE 11 The business person's choice every Tuesday. Thursday Saturdas and Sunday I easing Chang! Airport at 22:C5 hours and arris ing at Lester B Pearson International Airport the following das. C'jll »our Travel Agent or Air Cjrudj at VSSSSS. .4 BREA TH OF FRESH AIR
      48 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      105 4 Max/ Not* Mln <°C) 10/05 Cloudy 14/10 Cloudy 30/14 Claor 30/16 Cloudy 30/22 Sunny 28/15 Claor 16/07 Claor 25/20 Cloudy 18/07 Showers 19/13 Cloudy 32/18 Claor 15/08 Cloudy 31/21 Fine 13/02 Cloudy 22/08 Cloudy 24/11 Claor 30/24 Cloudy 12/04 Roin 10/02 Fine 24/22 Cloudy 25/17 Clear 42/23 Claor 24/14 Claor
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  • REST OF THE WORLD
    • Article
      Lock icon Total of 1269 missiles destroyed under INF treaty
      249 5 AP THE US and the Soviet Union destroyed a combined 1,269 nuclear missiles during the first year of compliance with the In-termediate-range Nuclear Forces Treaty, the US Defence Department announced on Wednesday. The two sides have also conducted a combined 340 inspections
      AP  -  249 words
    • Article
      Lock icon Washington wants Khashoggi extradited
      167 5 AFP THE US formally asked Switzerland on Wednesday to extradite Saudi financier Adnan Khashoggi, 53, on charges of fraud, Swiss officials said. Mr Khashoggi, once considered the world's wealthiest businessmen, was detained in a hotel in Berne on April 18 after US authorities issued a warrant
      AFP  -  167 words
    • Article, Illustration
      Lock icon Commission plans talks on opening up EC car market
      403 5 FT THE EUROPEAN COMMISSION is to open talks this summer with the Japanese government and several of Europe's main car producing countries on conditions for opening up the EC car market. This was decided at Wednesday's weekly meeting of the 17man
      FT  -  403 words
    • Article
      Lock icon IBM picks chief engineer as its new president
      380 5 NYT IN A MOVE that seems to indicate a growing concern with competing in advanced computer technologies, the International Business Machines Corp on Tuesday appointed its highest ranking engineer, Jack D Kuehler, as president. The title had been held by John F
      NYT  -  380 words
    • Article
      Lock icon IBM makes fastest memory chip
      99 5 AP INTERNATIONAL Business Machines Corp said on Wednesday that it has produced the world's fastest experimental million-bit memory chip at a factory in Yasu, Japan. The dynamic random access memory chip, or dram, was made on an existing production line, demonstrating that it could be
      AP  -  99 words
    • Article
      Lock icon French trade deficit widens as exports fall
      166 5 Reuter FRANCE S trade deficit widened sharply in April, according to official figures released on Wednesday, and independent economists put the main blame for the slide on a disappointing showing on industrial exports. The seasonally adjusted gap grew to 3.8 billion francs (US$564
      Reuter  -  166 words
    • Article
      Lock icon French bid to buy US arms maker
      86 5 AFP THE FRENCH weapons group Matra has made a conditional offer to buy the aerospace and electronic defence divisions of US arms manufacturer Fairchild Industries, Matra announced in Paris on Wednesday. The offer, made through the group s US subsidiary Matra Aerospace Inc,
      AFP  -  86 words
    • Article
      Lock icon Arabs call for emergency meeting of UN Security Council
      230 5 UPI ARAB NATIONS requested an urgent meeting of the UN Security Council on Wednesday on the situation in the Israeli-occupied territories after it failed to issue a condemnation of Israel's handling of the 18-month-old Palestinian uprising. The request was made one
      UPI  -  230 words
    • Article
      Lock icon Congressional panel sees threat of EC protectionism
      443 5 Local-content rule could hurt American exports NYT THE US export trade to Europe, which totals US$75 billion a year, is endangered by protectionist elements of the European Community programme to create a single 12-nation market by late 1992, a US Congressional House subcommittee
      NYT  -  443 words
    • Article
      Lock icon EC agrees to hear US comments before setting industrial standards
      255 5 NYT THE United States and the European Community announced an agreement on Wednesday intended to make it easier for American companies to comment as European companies set new standards on industrial products and procedures. Commerce Secretary Robert A Mosbacher. in
      NYT  -  255 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      99 5 OVER 55 YEARS OF DISTINCTIVE TAIIXJRING COLLAR Top-quality Irish linen for collar backing to ensure softness for comfort and retention of shape. SHOULDERS Perfectly-shaped shoulders which are lightweight and flexible. Quality is ensured by the careful pressing of cotton wool between two layers of felt. INTER-LINING Traditionally hand-stitched body interlining
      99 words
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      Page 5 Advertisements Column 2
      157 5 Exclusive Free Gifts HONG LEONG FINANCE I SINGAPORE FINANCE J "'v t J?\\ i» t'*.; V'v fr-i >: > x' •< i vx#r. y w #r<f \< Fxtendcd «y ,S«* m r d r 1 31 July ll)B9 locks »as*. YX Take home a fabulously exclusive free gift when you
      157 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      56 5 BY GARRY TRUDEAU V GOTTA GO! I'M B&NG SWEPT AWAY BY A TIPE OF HUMANITY' lUNPERSTANP. IKNOUi! YOir&THZ OWCLAS6 MATE I'VE ACTUALLY REUNION? Hee.Hae! FORGET IT! I CAME BACK KK OUR GJm REUNIONi CHING! I THOUGHT XXJ OUEREIN AMERICA 1 "J m A m 1 m V K m Ui
      56 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1604 6 SINGAPORE: The dollar's lower opening in European exchanges pushed it down against major currencies in late trading here yesterday. after hovering narrowly for most of the day. dealers said. The dollar closed at 142.20/30 yen and at 1.9765/75 marks against New York's 142.87/97 yen and 1.9825/35 marks. Dealers
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    • Article
      Lock icon Simex
      481 6 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened 6 ticks higher than previous Simex close at 90.93 on a firmer US treasury bonds prices following Greenspan s P-Star" indicator new inflation monitor showing decline in inflationary trend prices edged lower as the US dollar weakened. The September contract traded within
      BA Futures  -  481 words
    • Article
      Lock icon Asian dollar market
      279 6 REUTER Asian dollar deposit rates finished at their opening levels in quiet trading yesterday ahead of the Bundesbank's regular council meeting later yesterday, dealers said. Most operators will also be closely watching today's release of US May employment data due at 1230 GMT, before taking fresh positions,
      REUTER  -  279 words
    • Article, Illustration
      World interest rates
      179 6 Indicates Hm avarags oI Mm prim* tending rates o4 12 ma|or banks In S'pora Interbank market ratee (offer/bid) on June 1 us$ DM SWFC Y«n doyi 3/4 13 13/14 13/14 4 5/1-4 1/3 if 3/4 J-47/1 11/14 —»/14 14 3/14 1/14 7 4 7/1 J/14 3/14 J1/I-J
      179 words
    • Article
      Options
      1339 6 CURRENCY FUTURES OPTIONS Thorjday, J una 1, 1989 DCUTSCHEMARK (SIMEX) 1 !j S i u I 1 >aa SI 71 52 147 53 241 54 CAM 340 55 CA8 56 CAB Sap 88 call* High Lew Sa« Sop M puts Hkrfi Lib 6«a 52 198 53 268 54 347
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      113 6 ■u* Banque Asia'B9 sth Asian trade exhibition on banking technology, equipment and services June 6 9, 1989 Raffles City Convention Centre, 4th Level Singapore The latest technology for banks and financial institutions is on display at BANQUE ASIA '89. The fifth event since 1980, the exhibition focuses on a broad
      113 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Fed puts off decision on easing credit due to split in committee
      304 7 Reuter THE US FEDERAL RESERVE has postponed until next week a decision on whether to ease credit, following a split on a key committee over the issue, The Asian Wall Street Journal reported yesterday. Quoting government officials, the
      Reuter  -  304 words
    • Article
      Lock icon Fed resorts to secretive tactics to drive down dollar
      456 7 Reuter THE FEDERAL RESERVE, frustrated in its repeated attempts to drag down the dollar, has resorted to a secret drive against the currency and attempted to spark confusion in the exchange markets, dealers in New York said on Wednesday. After the
      Reuter  -  456 words
    • Article
      Lock icon IMM
      264 7 Reuter IMM CURRENCY futures eased from session peaks on Wednesday but were still mostly higher on the day amid speculation that overseas rate hikes would continue. Much of the early advance was fuelled by talk that the Bundesbank would lift its Lombard rate when its policy-setting council met yesterday.
      Reuter  -  264 words
    • Article
      Goverment Securities Market
      102 7 Treasury bills Day's Period Issue Yesterday's closing code Maturity BIO OFFER HIGH LOW 3 month* BQ*****F 31.08.89 3.92 3.87 3.87 4.33 3.92 3.86 6 months BS*****N 17.08.89 3.92 4.41 4.34 1 y*or BY*****F 24.05.90 4.38 Government notes and bonds Day's Period Issue Maturity Coupon Yesterday's closing code
      102 words
    • Article
      Lock icon G-7 shows discord over attempts to lower US$
      296 7 Reuter THE WORLD'S leading industrial states are unanimous the dollar's strength is threatening world economic growth. But there are increasing signs of disarray in their attempts to tackle the problem. Deep-seated policy differences, including the priority which should be attached to fighting
      Reuter  -  296 words
    • Article
      Another year of expansion predicted for insurers
      581 7  -  Forecast follows report of robust growth in 1988 By DEXTER LEE SINGAPORE s insurance industry. which recorded another round of robust growth last year, is expected to continue its healthy expansion this year. Insurance Commissioner Law Song Keng made this forecast in his
      581 words
    • Article
      NDC Merchant Bank posts dramatic rise in securities
      250 7  -  by QUAK HIANG WHAI NDC MERCHANT Bank, one of the authorised primary dealers in the Singapore government securities market, has reported a dramatic increase of about $619 million in its total securities held at the end of last year. The bank, in
      250 words
    • Article
      Lock icon Bankers urged to move fast on debt negotiations
      357 7 FT MR MICHEL Camdessus, i managing director of the < International Monetary i Fund, has called on com- i mercial bankers to stop dragging their feet over debt negotiations with developing countries. Condemning the growing delays in negotiations between each debtor country
      FT  -  357 words
    • Article
      Comex gold/silver futures
      194 7 Gold futures on May 31, 1989 100 boy ounces USS per troy ounce Open Htgh Low Sera* ■H' May 365 40 366.10 363.00 363.30 340 Jul 363.80 -3.30 Avg ***** 169 50 366 30 366.50 ■3.30 Oct 373.10 373.30 370.30 370.50 330 Doc 377.00 377 50 374.30
      194 words
    • Article
      Money Markets
      58 7 THE OVERNIGHT RATE rose by 1/16 to 5 1/2 on the Singapore money market yesterday. The short-term rates closed unchanged yesterday. S$ Interbank rates at the close yesterday: Of«« wo Ov#Cnigh. 5 1/2 S 3/« 1-monrf, 5 5/16 5 3/14 2 morn* 5 5/16 5 3/16 3 mon*
      58 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      71 7 The name of Credit Suisse First Boston (Asia) Limited has been changed to CS First Boston (Singapore) Limited effective June 2, 1989. We would like to take this opportunity to express our appreciation for your past support and to reaffirm our commitment to the international linancial markets. d 33 CS
      71 words
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      Page 7 Advertisements Column 2
      79 7 Delsey... a case for security. C'uO E. il <U ML' W: When you travel, it's good to know that your luggage is secure. Delsey is simply the most secure suitcase you can buy. Tamper-proof combination and key lock with 120 key variations Firm-grip handle Solid retractable pull-along Two years worldwide
      79 words
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  • COMMODITIES
    • Article
      Lock icon KL ministry unveils new tin royalty arrangement
      446 8 Bernama THE MALAYSIAN MINISTRY of Primary Industries has come up with a formula to enable the Perak state government to obtain a reasonable amount of revenue from the tin industry without unduly burdening miners in the state Full details on the matter would
      Bernama  -  446 words
    • Article
      Lock icon Cocoa-producing countries owe world body more than US$100m
      316 8 AP PRODUCING COUNTRIES now owe the cash-strapped International Cocoa Organisation more than US$lOO million, according to figures released at the start of a three-day meeting in London of key member governments. Arrears in payments, which are blocking the resumption of international price-support
      AP  -  316 words
    • Article
      Lock icon Dry spell threatens EC crops
      233 8 Reuter UNSEASONABLY hot and dry spring weather is threatening this year's northern European grain crop, traders said on Wednesday. But shop flour and bread prices seem unlikely to start rising because a comfortable surplus from previous harvests still exists within the European Community. European grain
      Reuter  -  233 words
    • Article
      Lock icon Esso sponsors training of bumiputra welders in M'sia
      158 8 Bernama ESSO Malaysia Bhd is sponsoring a training programme to upgrade bumiputra skills in welding work on the fabrication of offshore facilities. Esso chairman Charles Roxburgh presented a M 550,000 cheque to Deputy Prime Minister Ghafar Baba as Minister for National and
      Bernama  -  158 words
    • Article
      Lock icon Crude Oil and Products
      149 8 Telerate FUEL OIL was little changed-to-slightly firmer in the Singapore market of thin trade. Sell indications for June CST-180 were notionally pegged at $100 mt fob Sing. Buyers were at $97-8 mt fob Sing. CST-180. Bunker prices were relatively steady in Singapore. Independent had the best
      Telerate  -  149 words
    • Article
      Lock icon America to boost planting of wheat
      163 8 Reuter WORRIED by dwindling supplies, the US government is widely expected to let farmers plant more wheat for harvest next year to top up reserves and fend off a food price surge. The decision would reassure countries like the Soviet Union, China and Egypt
      Reuter  -  163 words
    • Article
      Palm Oil
      520 8 MALAYSIAN CRUDE PALM OIL FUTURES moved to easier levels yesterday following lack of buying interest and the lower prices at the Chicago Board of Trade market Dealers said there was no impact from earlier reports which said Pakistan and India might tender for CPO and also dampened the
      520 words
    • Article
      KL Tin
      148 8 SENTIMENT continued strong on the Kuala Lumpur Tin Markat (KLTM), yestarday with tha matal rising anothar 66 canta from Wadnaaday's cloaa to and at 27.09 rlngglt a kg, brokars said. Tha markat notad Incraasad Europaan and local buying with voluma up to 162 tonnas from 81 on Wadnasday.
      148 words
    • Article
      Precious Metals
      444 8 HONGKONG: GOLD closed lower in moderate two-way trading yesterday with selling by Swiss investors late in the session dragging prices down, dealers said. They also noted fol-low-through selling by Japanese and local traders which forced bullion to end near its day low at U*****.20/70 an ounce. It opened
      444 words
    • Article
      Produce Prices
      197 8 Chinese Produce Exchange Sellers' noon closing prices on June 1 (SI/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 62.50 sellers Pepper Mont ok white FOB NIW 552.50 Sarawak white FOB faq NIW 542.50 Sarawak special 425.00 block FOB
      197 words
    • Article
      RAS and MRELB
      263 8 RAS prices In S cents/kg, FOB In balM 1 NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 188.50 189.50N 186.50 187.50N Int 1 RSS July 89 186.50 187.50N 184.50 185.50N Int 1 RSS Aug 186.50 187.50N 184.50 185.50N Wit 2 RSS OP 184.50 186.50N 182.50
      263 words
    • Article
      SSR and SMR
      78 8 (cant*/kg) JULY 1989 AUGUST 1989 (currant month) (forward month) RAS NOON NOON hiytn S*n*ri Ivytn S#1l#ri SSfi 20 155.00 157.00N 155.00 157.00N SS8 SO 153.00 155.00N 153.00 155.00N MRELB Bvyari tuy*n S*ll*n SMR CV 206.50 208.SON 208.50 210. SON SMR I 203.50 205 50N 205.50 207.SON SMR
      78 words
    • Article
      London markets
      252 8 London Commodity Exchange Buyer/Seller closing prices on May 31 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis ln-stor« London, sellers option CIF London May (1200/1205) High/Low 1210/1193 Wy 1206/1207 (1210/1212) High/Low 1215/1203 Soto (2381) Cocoa May (762/765) High/Low 761/754 July 772/777 (779/780) High/Low 777/765 Sales (6252)
      252 words
    • Article
      Wheat
      195 8 CHICAGO Board of Trade wheat futures ended lower on Wednesday on technical selling amid increasing harvest pressure, though volume was light to moderate in the session, traders said. lowa Grain was a featured seller of 1.5 million bushels of spot July wheat, pit brokers noted. "With that kind of
      195 words
    • Article
      Lock icon Soybean
      220 8 Reuter THE LONG old crop July/short November soybean spread regained its momentum in late trading after local profit taking subsided, traders said. The spread closed at 85-1/2 cents, with spot July beans down 3.0 cents per bushel at US$7.l4. November ended with a 4.0-cent loss at US$6.2B-1/2 after it
      Reuter  -  220 words
    • Article
      Rubber
      329 8 SINGAPORE: Rubber prices closed slightly easier yesterday. July 1 RSS was quoted at 184.50 cents a Kg, down one cent from Wednesday's close. Dealers said trading was quiet as most operators stayed on the sidelines waiting for fresh leads On the TSR-20 Award market, prices closed slightly lower owing
      329 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      45 8 ITALIAN ORIGINAL :hn>n» Mrcl/hlat k p.untrd Irami- (it-nuinc leather scat I'l< use i all us lor immediate delivery h>i $177 diseg/io coWez\ov\e Ptc Ltd World I iade u-ntre #02-11/1 Smi{a|>orc I MOM Irl 271 Will Fax 2/1/711 Bl SINRSS HOI R 12 noon 8 |>m
      45 words
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  • FOCUS
    • Article, Illustration
      S'pore is telecoms leader in SE-Asia
      277 9 SINGAPORE stands as the technological leader of South-east Asia and "ranks proportionately with Japan and the industrialised < West in terms of information economy activity", said a paper presented at the workshop on Telecommunications Infrastructure and Investment in Asean. The development of telecommunications services
      277 words
    • Article, Illustration
      Telecoms crucial for growth
      1473 9  -  Asean nations should accelerate the development of their telecommunications sector which, in turn, can stimulate other sectors. HARISH MEHTA of the Foreign Desk reports on a recent workshop in Singapore which observed that individual Asean nations were developing their telecommunications sectors at different rates, as is
      1,473 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      76 9 m or America. Only United has same day arrivals anywhere in the USA. We are America's Friendly Skies. Our daily morning departures via Tokyo or Hong Kong wing you across the Pacific in time to enjoy the rest of the day in the States. Lunch on the West Coast, dinner
      76 words
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  • PERSPECTIVE
    • Article
      The crowbar principle
      507 10 THERE is a picture of Mrs Carla Hills, the US Trade Representative. It shows a serious face, unsmiling eyes and a solemn finger raised to make a tremendous point. That picture could not have been more appropriate. It was taken during a press conference in Washington last
      507 words
    • Article, Illustration
      What's in store for Metro and Seibu
      1234 10  -  With the Japanese heavyweight retailers Takashimaya and Seibu (the Metro ally) spoiling for a fight, the rest of the heavyweights in Orchard Road are working out hard to keep in shape for the big bout in 1993 and after. SUZANNE SOH takes note
      1,234 words
    • Article, Illustration
      Retailers square off in Orchard Road
      1382 10 LOCAL RETAILERS may get i more than they bargained for when two giant Japanese re- < tailers, Seibu and Takashimaya, come to town. Although a new shopping experience is overdue in an industry showing signs of lethargy, and where shops tend to look alike,
      1,382 words
    • Article
      Lock icon Surprise and scpeticism
      941 11  -  LOUISE KEHOE EXAMINES MARKET REACTION TO THE PLAN FOR DRAM CHIP FUTURES LOUISE KEHOE FT THE PACIFIC Stock Exchange s proposal to create a market in semiconductor memory chip futures contracts has met with surprise and scepticism in the electronics industry. On Monday, the San Francis-co-based PSE
      FT  -  941 words
    • Article, Illustration
      Lock icon Asean strategies to prevent domination of the region
      647 11 NYT THE EASING OF East-West tensions and intensifying global economic competition are prompting South-east Asian nations to develop strategies for preventing domination of the region by Japan, China and other outside powers, analysts said. Officials of countries in the Association of South-east
      NYT  -  647 words
    • Article
      Lock icon Defence pact unrealistic: analysts
      547 11 Reuter A PROPOSED DEFENCE pact among non-communist Southeast Asian countries is as unrealistic as a proposed common market, regional defence analysts say. They say the region produced virtually the same products to make a common market unlikely and worried more about internal security matters than external
      Reuter  -  547 words
    • Article
      Lock icon Tremor at the heart of US chip industry
      946 11 FT THE ESCALATING high technology trade dispute between the US and Japan appears set to engulf one of the most critical sectors of the electronics industry: the manufacturers of the sophisticated production equipment and ultra-pure materials used to make semiconductor chips. These
      FT  -  946 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      369 10 Bank Berhad (Incorporated In Malaysia) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1988 The Directors are pleased to announce the audited results ot the Bank and the Group for the year ended 31 DecemPer 1988. as follows. 1.365 5.473 Earnings per share (after tax) (sen) Net tangiple assets per
      369 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      427 11 SINGAPORE BUSINESS YEARBOOK 1989 is a must read for corporate executives, managers, entrepreneurs, professionals, young, aspiring executives, and investors who need to keep their fingertips on the pulse of the Singapore business scene. ASEAN ECONOMIC SURVEY Challenges Facing Asean Any slow down in the United Slates and other industrialised countries
      427 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      53 11 lßriBtcW:ftanfr Tatars uvW Fool l p^rO... u)HP\T tstf ir>io~T*. I miss PReTr/ or KI££.UF\PMON£ U)R9 R FGU) INCHES Ruony... WRD rov imviting HER TO UJNCH in TH£ CAK76tW P>LL usofcK£D OUT I COULDN'T SftY 1T... x NV k COQ AL) V(N ON THE MENU ANP I CHICKCKiro OUT... MJUJ IV*NINO
      53 words
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  • LEISURE
    • Article, Illustration
      Lock icon 'Live Aid' for the environment
      400 12 TELEVISION AP WORLD LEADERS, performing artistes and environmentalists will stage a global television programme tomorrow designed to heighten awareness of environmental issues and how to deal with them. Called Our Common Future, the five-hour telecast will originate in New York and pick up satellite feeds
      AP  -  400 words
    • Article, Illustration
      Secret fears and naked midgets
      333 12  -  CINEMA By NG PENG HUI SO. what happened in Lord Byron's mansion on the night of June 16. 1816? The night Mary Shelley was inspired to conceive her monster. Frankenstein. British film director Ken Russell offers an answer in Gothic, to be screened by the
      333 words
    • Article, Illustration
      Lock icon Pacific clam hatcheries hope to cash in on Asia's craze for sushi
      678 13 FOOD Reuter GIANT CLAM HATCHERIES in f the Pacific are taking aim at I Asia's sushi bars. J A dozen hatcheries have i cropped up around the region's small islands in the past few years, hoping to cash
      Reuter  -  678 words
    • Article, Illustration
      Lock icon Kenzo Tange faces one of his biggest challenges
      668 13  -  PERSONALITIES By JANET SNYDER Reuter ROME was not built in a day and eminent Japanese architect Kenzo Tange plans to see it survive several more millenia. Tange. at 76 one of the world's best-known living architects, will soon embark on one of
      Reuter  -  668 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      815 12 5 Wfjeve tv entertain... Where tv entertain... Where tv entertain... Where to wZcr pltf /PiTPtA-uXje---m 3T o iX v<> a K-»-afi Sky Garden Poolsidc Kridays to Sundays 6.30 10.30pm Adults: $11.90 nett. Children: $8 nott Plaza Hotel «r* H K.M.I oS TH mom June 1 to 21 Ms Monica Ong,
      815 words
    • Advertisement
      Page 12 Advertisements Column 2
      181 12 We lay the magnificence and opulence of the British on our tables this month. Tuck into delicious Beef Steak smothered in onions. Steak and Kidney Pic, Irish Stew, Yorkshire Pudding, Dundee Cake and Richmond Maids of Honour, to name a few. Even the Royal Guards will put their best foot
      181 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      159 13 entertain.... tw. Tea-tune lit Cafe-ui-Tbe-Park u ilelujhtfuL You Uenjoy e<xijuu<ite teas as mellas a Uvty buffet spread of own-fresh pastries, scones and other tkUcious afternoon (blights. Afternoon Teiv Aforuhy to FruXiy, spm to spm. $9.5(1+ per per nm Century Park Sheraton Singapore OMB m t* Mono •IP9I OLD STYLE SCAMPI
      159 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      683 13 w/iMMxaa mi w CRYPTIC PUZZLE ACROSS 4 Get to see about a dog (6) 7 It's worn and may need patching (8) 8 Nothing exists but fruit (6) 10 Due to go and win, possibly (5) 13 Mona's wild grouse (4) 14 Dinosaur's name? (4) 15 Fish plant (4) 16
      683 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1434 13 TV and RADIO Trading places OUR CHOICE MAKING THE GRADE, 10.35pm, SBC 5 An educational institution for the upper-class is invaded by a streetwise con-man. On the run from his bookmaker, he exchanges places with the rich young man supposed to go to a new prep school. Instead, the latter
      1,434 words
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  • SPORTS
    • Article
      Choo Kee leading in Tiger Open
      425 14  -  GOLF By A SURENDREN NEVER MIND the top contenders, but Sembawang Country Club professional Lim Choo Kee let his home course advantage take him to the top of the leaders' list in the Tiger Open at Sembawang Country Club. He shot a three-under par
      425 words
    • Article
      Lock icon Faldo trying for Masters treble
      166 14 AFP NEWLY-CROWNED PGA champion Nick Faldo ia hot favourita to complata a notable treble when he plays in the £300,000 British Masters, which started yesterday. Having won the Volvo Masters at Valderrama last October and the US Masters at Augusta in April, the English ace
      AFP  -  166 words
    • Article, Illustration
      Lock icon Freuler wins 11th stage of Italian Tour
      262 14 CYCLING AP SWISS Urs Freuler outsprinted the pack near the finish line in the northern city on Mantua on Wednesday to win the 11th stage of the Italian cycling Tour. Dutch Erik Breukink retained the pink jersey of overall leader. Freuler achieved his
      AP  -  262 words
    • Article
      Lock icon Seles overwhelms Martin in impressive style
      360 14 TENNIS AFP YUGOSLAVIA'S teenage sensation Monica Seles, who has said she will beat Steffi Graf at this year's French Open Tennis Championships, took another step in the right direction yesterday when she swept impressively into the third round of the women's singles with an
      AFP  -  360 words
    • Article
      World championships coming here
      203 14  -  BOWLING by CHARLES SAVAGE THE 1991 World FIQ Championships will be played here from Aug 22 to 31 and early indications are that a record 60 nations will be represented. Ee Fook Choy, executive director of Superßowl. where the tournament will be played, said this yesterday
      203 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      251 14 SIEMENS A t: !r X vs. iV.i rftrnjr. v. m pfltfe L ®W MHhafcSfe»'V f? s *v f <• j, A /V w 5F < '^>-w A.* --0 r F- Sfe'.-V > r r 35 J, V a*s' 4 A SSI t N "V < r V Al9lOO F9 Z9ll
      251 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Why Sumitomo Electric links up with Uniphone
      535 15 Mm mm*** By HOCK LOCK SIEW WHEN Japanese conglomerate Sumitomo Electric Industries took a 5.7 per cent stake in Malaysia's Uniphone Telecommunications, the move just seemed a logical progression to many. Sumitomo Electric, after all, has a joint venture with Uniphone's parent company,
      535 words
    • Article, Illustration
      GB Holdings posts record profits again
      378 15 LUXURY YACHT-BUILDER GB Holdings Ltd has reported record profits again with group attributable profit rising 24 per cent to $7.29 million for the period ended March 31. 1989. Directors said the building of more large boats resulted in healthy increases in turnover and operating
      378 words
    • Article
      Total of 29.8m JC-MPH TSRs exercised
      259 15 AS AT THE EXPIRATION of Jack Chia-MPH Ltd's transferable subscription rights (A) yesterday. TSR holders have exercised their rights to subscribe for a total of 29.76 million JC-MPH shares at $1.23 each, netting for JC-MPH $36.61 million. The subscription for shares through the TSRs
      259 words
    • Article
      Merger approved
      63 15 THE STOCK Exchange of Singapore has approved a joint venture" between investment house James Capel Singapore Holdings Pte Ltd and Kay Hian Re Ltd, James Capel said. The new company has started trading under the name of Kay Hian James Capel Pte Ltd. In Hongkong Kay Hian will
      63 words
    • Article
      Contract delays and strong S$ dampen Avimo's earnings
      246 15 AFTER FIVE years of surging earnings, precision optics manu- J facturer Avimo Singapore has shown a slight drop in interim results which it blames on delays in completing contracts and unfavourable exchange rates. Group after-tax profit dropped 9 per cent to $5.98
      246 words
    • Article
      Hour Glass buys two units at Peninsula Plaza
      219 15 THE HOUR GLASS Ltd has acquired two shop units on the ground floor of Peninsula Plaza for $4.42 million. The shop units, with about 1,227 sq feet or 110.43 sq m of retail space, were bought from Nichim Holdings Re Ltd and
      219 words
    • Article
      Malayawata Steel chalks up first profit in five years
      537 15  -  GROUP AFTER-TAX EARNINGS OF MSB.63M By KEVIN GWEE AFTER five consecutive years of losses, steel producer Malayawata Steel Bhd has staged an impressive turnaround in its latest financial year. Reaping the benefits of earlier rationalisation efforts, the group reported a group
      537 words
    • Article, Illustration
      S Maritime rationalises salvage fleet and buys stake in Dubai yard
      508 15  -  By ELAINE KOH SEMBAWANG MARITIME Ltd spent $14 million last year to rationalise its salvage fleet and acquire a stake in a Oubai shiprepair yard which will become the springboard to other Middle East activities, said group chairman C
      508 words
    • Article
      Lock icon Landmarks forecasts M$4.5m profits
      283 15 Bernama LANDMARKS HOLDINGS Bhd, the property and hotel group which suffered losses in the last three years, is confident of its future prospects. In attempting a turnaround involving a scheme of capital reconstruction (SCR), Landmarks has forecast a consolidated pre-tax profit of Ms 4 5 million
      Bernama  -  283 words
    • Article, Illustration
      Othman Wok joins S Engineering board
      249 15 FORMER Minister for Social Affairs, Mr Othman Wok. has been appointed a director of Sembawang Engineering Pte Ltd, a wholly-owned subsidiary of Sembawang Holdings. Mr Othman, 64. who was also Singapore's former ambassador to Indonesia, served for 14 years as Minister for Social Affairs
      249 words
    • Article
      Great Investment Race aims to raise $15m
      182 15 THE UNIQUE fund-raising Great Investment Race has kicked off with the aim of raising more than last year's proceeds for its sole beneficiary, the Community Chest of Singapore. Yesterday, the president of the Community Chest. Or Ee Peng Liang, expressed confi- i dence
      182 words
    • SES
      • Article, Illustration
        Market bounces back on strong institutional support
        1104 16  -  I nero -by HERMAN PHUA AFTER A WEEK of lagging interest. the Singapore market made a spectacular comeback yesterday boosted by strong institutional and retail demand. The Straits Times Industrials Index jumped 13.70 points to close at 1,292.94 on the back of solid
        1,104 words
      • Article
        Unit trusts
        243 16 Managers' prices for June 2 Singapore Unit Trust Th« Cowix'cs 1.11 1 18T>m So»ingi Fund 100 106 S'por* Piog fund 0*5 049 S'por* S«c Fund 075 080 S'por* Ww#»t Fund 082 087 S'por* Equity Fund 054 058 Asia Unit Trust Mai InvMt Fund 155 165 Mai P'Ofl Fund
        243 words
      • Article
        COMPANY MEETINGS
        50 16 HAW PAR BROTHERS INTERNATIONAL LTD: 20th AGM at the Board Room, 30th Storey. UOB Buildinfl. 1 Bonham Street, Raffles Place, Singapore 0104, today at noon. MULPHA INTERNATIONAL TRADING CORPORATION BHD: 15th AGM at Bangunan Mulpha, 17 Jalan Semangat, ***** Petaling Jaya, Selangor Darul Ehsan, today at 11.30 am.
        50 words
      • Article
        SES SHARE INFORMATION
        6307 16 ■MB Gr'a Gr'a 1989 Hlah Low Tel Cod* Company Last Sale +orVol (•000) Day High Low Last Quote Buyer Seller Dlv Dlv C'vr Y'W Net P/E M Cap Smll Jun 01 168 120 X SESDAQ 4000 Amtek Eng 20* 148 75% cd 180 unch unch 59 10
        6,307 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices rise yet again
        3796 17 MBT SHARE PRICES on the Kuala Lumpur stock market continued its uptrend for the fourth consecutive session yesterday as more investors emerged from the sidelines to pick up stocks. Dealers reckoned that the renewed confidence probably stemmed from the better sentiment on the international bourses.
        MBT  -  3,796 words
    • REGIONAL MARKETS
      • Article
        Lock icon Elders plans to refinance BHP joint venture
        313 18 Reuter ELDERS IXL Ltd is studying ways of enhancing its return from a joint venture with The Broken Hill Pty Co Ltd formed to hold a pivotal 23 per cent stake in BHP, sources involved said. But Elders finance director Ken Biggins and
        Reuter  -  313 words
      • Article
        Lock icon Inchcape and Security Pacific in HK joint venture
        102 18 Reuter INCHCAPE PACIFIC Ltd and Security Pacific Financial Services System Inc announced yesterday that they would become 50/50 joint venture partners in Hongkong consumer finance company Inchßoy Credit Corp Ltd. A statement said the Royal Bank of Canada, which established Inchßoy as
        Reuter  -  102 words
      • Article
        Lock icon Kobe Steel and USX to set up joint venture in US
        188 18 AFP KOBE STEEL Ltd has agreed to establish a joint venture in the US to produce steel bars and pipes with USX Corp, the top American steel maker. Kobe Steel is Japan's fifth largest steel producer. The Japanese firm
        AFP  -  188 words
      • Article
        Lock icon Burma blacklists Thai logging company
        102 18 AFP BURMA has blacklisted the Bangkok-based Thip Tharn Thong firm for failure to abide by agreements it has signed, the state-run press has reported in Rangoon. The Thai firm, which signed commercial con- tracts with Burmese stateowned concerns from October 1988 to March 1989, also
        AFP  -  102 words
      • Article
        Lock icon Nissan to assemble Cefiros in S-E Asia
        88 18 Reuter NISSAN MOTOR Co Ltd will start assembling Cefiro cars in South-east Asia due to an increase in demand for luxury cars in the region, a company spokeswoman said. Nissan will start assembling 300 Cefiros, equipped with 2,000 cc engines, a month in
        Reuter  -  88 words
      • Article, Illustration
        Lock icon Stocks close lower
        553 18 Tokyo Reuter SEVERE SELLING of domestic spending-related shares such as construction and steel pushed share prices down in heavy trade yesterday. "The domestic stocks are getting thrashed as investors move to the exporters," said Gregory Bundy, head of equity trading for Merrill Lynch Japan. "Now that it
        Reuter  -  553 words
      • Article, Illustration
        Lock icon Marginally firmer
        546 18 Australia Reuter THE AUSTRALIAN share market was marginally firmer yesterday at the close of floor trading in lacklustre trade indicative of the negative sentiment now overhanging the market. "Corporate collapses, both real and potential, and the dampening effect of high interest rates for some time have taken any
        Reuter  -  546 words
      • Article, Illustration
        Slide continues on low volume
        1321 18 Hongkong THE LEADING Hongkong stock market Index lost 53.89 points or 1.96 per cent In low volume yesterday due to continuing uncertainty in China, brokers said. "The market has yet to get a clear picture of what will emerge from the new political order in
        1,321 words
      • Article
        Lock icon Taipei: Record one-day fall
        442 18 Reuter HEAVY SELLOFF by many investors yesterday pushed share prices in Taiwan sharply lower across the board with a record one-day tall of 335.16 points, brokers said. The weighted index fell 3.4 per cent to end at 9.497.22 compared with Wednesday's 9,832.38 finish. The previous record
        Reuter  -  442 words
      • Article
        Lock icon Manila: Oils take a beating
        145 18 Reuter PHILIPPINE shares closed mixed on Manila's two exchanges yesterday with oils weighing down the main index following postponement of drilling of the Dockan I oil well in the southern Sulu Sea. The Manila Stock Exchange Composite Index dropped 1.15 per cent to close at
        Reuter  -  145 words
      • Article
        Lock icon Seoul: Little change
        105 18 Reuter SEOUL stock prices closed little changed in light trading yesterday after early small gains were erased by late selling pressure, brokers said. The composite index rose 0.33 points to 933.09 on turnover of 116.3 billion won against 141.9 billion on Wednesday. "Market liquidity is still not
        Reuter  -  105 words
      • Article
        Lock icon Bangkok: Record close
        224 18 Reuter THAI STOCKS yesterday posted strong gains in heavy trading which focussed on finance company shares which have trailed other sectors during the current two-month boom, brokers said. The SET Index gained 9 08 points to close at a record 561.62 with gainers leading losers 96 to
        Reuter  -  224 words
      • Article
        Lock icon New Zealand: Slightly firmer
        178 18 Reuter THE NEW ZEALAND market yesterday closed slightly firmer with brokers noting improved sentiment, although near-term trends depend as ever on overseas bourses. "Hopefully there's enough support to take us through for the week, barring any offshore disasters," one broker said. The Barclays Index firmed 7.53
        Reuter  -  178 words
      • Article
        Lock icon Bombay: Shares rally
        173 18 Reuter A LATE rally sparked by heavy institutional buying reversed a two-week slide in share prices in Bombay yesterday, brokers said. "It seems the stateowned institutions have finally decided to initiate salvage operations in earnest," one broker said. Meagre institutional demand had been one reason for the
        Reuter  -  173 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Blue chips edge higher
        823 19 New York Reuter WALL STREET stocks struggled to a slightly higher close on Wednesday after being whipped around by several spurts ot program trading. Blue chips managed to withstand a late bout of selling and edged higher at the end. Trading had been narrow-ranged and directionless.
        Reuter  -  823 words
      • Article, Illustration
        Lock icon Equities open cautiously higher
        963 19 London Reuter LONDON share prices opened cautiously higher in quiet trading yesterday, partly due to book-squaring operations ahead of an important Bundesbank meeting due later yesterday. Dealers said market opinion appeared to lean towards a feeling the Bundesbank will not raise interest rates following yesterday's regular
        Reuter  -  963 words
      • Article
        Lock icon PanAm has most to gain if bid for NWA succeeds
        425 19 Reuter PAN AM CORP has the moat to gain and will wage the strongest effort to present the winning bid in the auction for NWA Inc. analysts in Chicago said. "NWA is worth more to PanAm because of the synergies
        Reuter  -  425 words
      • Article
        Lock icon Florida investor faces setback in fraud case
        443 19 NYT PAUL A BILZERIAN, the Florida investor who last year gained control ot Singer Co, was dealt a significant setback on Tuesday in his defence against charges of securities fraud. US District Judge Robert Ward ruled that if Bilzerian chose to testify in
        NYT  -  443 words
      • Article
        Lock icon GPA Group profits up 50pc
        193 19 Reuter IRISH-BASED GPA Group Ltd. the world's leading aircraft leasing company, said on Wednesday its net profits rose by SO per cent to a record US$l52 million last year. Last month GPA announced the largest commercial aircraft order in aviation history 308 new airliners worth
        Reuter  -  193 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        958 19 Reuter MILAN: Italian shares closed lower yesterday after a mixed start as blue chips attracted weak demand and selling pressure continued to hit the insurance sector, brokers said. The MIB index slid 0.39 per cent to end at 1,027. Volume was estimated to be around 190 billion,
        Reuter  -  958 words
    • Article, Illustration
      Compulsory insurance for lawyers to be implemented
      505 20  -  SCHEME TO BE LAUNCHED IN APRIL NEXT YEAR By QUAK HIANG WHAI THE LEGAL Profession Act is likely to be amended later this year to make it compulsory for all practising lawyers to take insurance coverage. The professional indemnity scheme to insure lawyers
      505 words
    • Article
      Goh visits Bali as guest of armed forces
      137 20 FIRST Deputy Prime Minister and Minister for Defence Goh Chok Tong today begins a visit to Bali as a guest of the Indonesian Armed Forces (Abri), the Ministry of Defence said in a press release. Mr Goh will meet the Indonesian Minister
      137 words
    • Article
      Lock icon Beijing declares news blackout under martial law
      170 20 Reuter CHINESE authorities hardened martial law restrictions in Beijing yesterday by declaring an almost total news blackout (or foreign media, even prohibiting interviews with Chinese citizens. Beijing city spokesman Ding Weijun told reporters they were banned from covering "activities prohibited" in the capital,
      Reuter  -  170 words
    • Article
      Lock icon Malaysian banks chalk up much higher earnings
      219 20 AFP MALAYSIA'S banking sector has pulled back from huge losses in 1986 to post significantly improved earnings on the back of 8.1 per cent economic growth last year, analysts said yesterday. Financial results reported by banks so far this year showed sharp increases
      AFP  -  219 words
    • Article
      Lock icon No regrets over union's pullout: MTUC
      115 20 Bernama THE MALAYSIAN Trades Union Congress said it had no regrets losing the National Union of Newspaper Workers (NUNW) which decided to pull out of the congress yesterday. MTUC President Zainal Rampak said the congress considered the NUNW a "nonconstructive and non-active" affiliate in
      Bernama  -  115 words
    • Article
      Indonesia plans 91 hotels under next five-year development plan
      444 20  -  By DAVID CHEW ABOUT three million tourists are expected to visit Indonesia in the duration of Repelita V, Indonesia's latest five-year development plan. The government sees this influx as a sign of the Indonesian tourist industry picking up, and plans to
      444 words
    • Article
      Lock icon Speaker Wright quits over ethics violation charges
      353 20 AFP JIM WRIGHT, the Speaker i of the US House of Representatives, resigned on Wednesday under a cloud of alleged ethics violations that left his 34-year career in shambles. "I'm going to make you a proposition. Let me give you back this job
      AFP  -  353 words
    • Article
      Lock icon Brady urges West Germany and Japan to reduce trade surpluses
      377 20 UPI US TREASURY SECRETARY Nicholas Brady has urged West Germany and Japan to reduce their trade surpluses at the start of a two-day economic conference in Paris dominated by friction over US trade policy towards Japan. "The industrial countries have
      UPI  -  377 words
    • Article
      Lock icon Japan hoping to become world's top importer
      307 20 Reuter JAPAN, long the world's top exporter, now wants to become its leading importer, a senior Japanese trade official said yesterday. "Japanese imports in terms of value are fourth after the US and West Germany and about equal to the United Kingdom," said
      Reuter  -  307 words
    • Article
      Lock icon US economic growth slowing, say economists
      215 20 Reuter A REBOUND in factory orders last month helped lift the US government's main barometer of future economic trends to its first increase since January, the US Commerce Department said on Wednesday. Orders received by US factories rose a solid 2.7 per cent in
      Reuter  -  215 words
    • Article
      Lock icon Comex gold and silver
      88 20 Reuter COMEX GOLD FUTURES drifted higher early yesterday on small lot buying against a soft dollar but the market was lightly attended ahead of today's US jobs data for May. Spot June rose US$O.4O at U*****.70 an ounce and the August delivery was marked up US$O.2O
      Reuter  -  88 words
    • LATE FILE
      • Article
        Lock icon Roh warns of economic crisis
        61 20 AP PRESIDENT Roh Tae-woo warned of an economic crisis yesterday, saying that sweeping measures were needed to save South Korea from a spiral of inflation and cost hikes. The warning came when Deputy Prime Minister Cho Soon briefed Mr Roh on the nation s economic
        AP  -  61 words
      • Article
        Lock icon KL as colour TV set producer
        46 20 Bernama MALAYSIA is expected to emerge as the world's largest colour television set producer next year, Finance Minister Datuk Paduka Daim Zainuddin said yesterday. He said that this would be achieved through Japanese and South Korean investment in television production.
        Bernama  -  46 words
      • Article
        Lock icon Malaysia plans to boost defences
        55 20 Reuter MALAYSIA plans to buy a US-made Airborne Early Warning system and F-16 jet fighters to boost its defences, Air Force chief General Mohamed Ngah Said was quoted as having said yesterday. The plans complement a decision to buy Tornado jets from Britain under a
        Reuter  -  55 words
      • Article
        Lock icon IOUs for half of Chinese farmers
        58 20 Reuter HALF the Chinese farmers who sell grain and oilseeds to the state this summer will be paid in lOUs, not cash, the Farmeis Daily said. Millions of farmers last year were paid in lOUs because of a serious shortage of cash in rural
        Reuter  -  58 words
      • Article
        Lock icon Bush begins talks with Thatcher
        37 20 Reuter US PRESIDENT George Bush, on the last leg of a West European tour which has boosted his international standing, began talks with British Prime Minister Margaret Thatcher in London yesterday. Reuter
        Reuter  -  37 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      49 15 FOURBUILD ENTERPRISE Office Renovation Contractor Case Registered Contractor specialised in all office renovation works: partitioning, carpeting, wall-papering, furnishing, painting, electrical and all minor maintenance work. Submission of drawing for Fire Dept approval. Personalised service assured. No 2 Finlayson Green Asia Insurance Building Tel: *****26/*****34 Business Registration No *****8 X
      49 words
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      185 15 S M c. A r O K I: 's PREMIER WATCH BOUTIQUE APPOINTMENTS CS First Bos ion Foreign Exchange Traders We ar«* a member of the CS First Boston (»roup which is full-service, international investment hank with headquarters in New York City. CS First Boston provides comprehensive merger, acquisition, and
      185 words
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      409 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 IN THE MATTER OF SIETAM ASIA PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) A At an Extraordinary m General Meeting of the a i members of Sietam Asia Pte Ltd convened and held m at 20 Kramat Lane, #02-01 j(
      409 words
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      462 18 PROJECT MANAGEMENT SERVICES (PTE) LIMITED (Incorporated In Singapore) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the above-named Company will be held at the offices of Messrs Ernst Whinney. 10 Collyer Quay #21-01.
      462 words
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      188 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF V Y DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Cap. 50 that the Final Meeting of Members of the above-named Company will be held
      188 words
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      Page 18 Advertisements Column 4
      266 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PORTLAND PROPERTIES (PTE) LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of Members of Portland Properties (Pte) Ltd duly convened and held at Tan Boon Liat Building, 315 Outram Road, #15-08, Singapore
      266 words
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      71 19 He's a scrawny, scruffy, chainsmoking. junk-food-stained disgrace living with his neutered pet tomcat... But Timothy Cone is also the smartest, toughest, most persistent private investigator around He moves m a world ot stock market scams, insurance fraud commercial espionage and legit business fronts tor laundered Mob money A world where
      71 words
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      Page 19 Advertisements Column 2
      980 19 I PET AUNG GARDEN BERHAD g (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at the Registered Office. 49-B, Jalan 6/31, Petaling Garden, ***** PETALING JAYA. Selangor on Tuesday, 20th June, 1989 at 3.00 p.m.
      980 words
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      57 20 lent REGENT HEALTH SPA TEL: *****68 (5 Lines) siv J Business Hours 10 30am 1100pm Ample Parking Lots Available 78 SHENTON WAY #01-01 A 81-01 We're beside Dai-lchi Hotel We are the same team trom EMPRESS HEALTH CENTRE with great differences Massage Hot/Cold Pools Sauna Bath Steam Bath Gymnasium Hair
      57 words
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      Page 20 Advertisements Column 2
      346 20 THE GERMANS ARE HERE. §o@M@K]§ AT SINGAPORE JULY 3 5, 1989 FIRST OF ITS KIND GERMAN CONFERENCE ON GERMAN TECHNOLOGIES ONLY LIMITED SEATS HEART Of ROBOT SIEMENS MMC 216 HEART Of COMPUTERIZATION AUTOMATION SIEMENS SiMATIC S5 Hands On Experience in GERMAN INDUSTRIAL ROBOTICS WORKING IN WORST ATMOSPHERE ITS EASY MAINTENANCE!
      346 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Sharp rise in Kawasaki's profit
        131 21 AFP KAWASAKI Heavy Industries Ltd, a major Japanese shipbuilder, has announced that sales and pre-tax profits wera up sharply in the business year which ended March 31. The company said pre-tax profits came to 13.77 billion yen (U5596.29 million) during the business year on sales
        AFP  -  131 words
      • Article
        S Korean workers stop work
        182 21 THOUSANDS of South Korean shipyard workers downed tools after a union activist killed himself in protest at a company wage freeze, company officials said. They said more than 60 per cent of the 10,000 workers at financially troubled Daewoo Shipbuilding and Heavy Machinery Co held
        182 words
      • Article
        Soviet ship under arrest
        60 21 THE Soviet bulk carrier Aleksandr Saveliev, which was being repaired at Ahirkapi, Turkey, after running aground in the Bosphorus on May 24 is now under arrest. Lloyds Shipping Intelligence Service reported. The 44,747 dwt vessel, loaded with coking coal, forced a nine-hour closure of the busy
        60 words
      • Article
        Lock icon Pakistan to improve services
        81 21 AFP PAKISTAN has signed a contract with the Al-Ghu-rir group of Dubai for a project to improve terminal services in Karachi, official sources said. The project, involving Pak-Arab Container Terminal Services (Pacts) and the M/S Al-Ghurir group, will cost an estimated 380 million rupees and will
        AFP  -  81 words
    • Article
      Lock icon UK employers appeal against court decision
      213 21 Reuter BRITISH port employers have begun an appeal against a High Court decision which cleared the way for a national strike by Britain's 9,400 registered dockers. The hearing would run into next week. The High Court at the weekend turned down the employers' request
      Reuter  -  213 words
    • Article
      Index to advertisers
      1038 21 ABBS Una 4/5 < ABC Contoinerline 10 5 I Accord Shpg 3/4 AfS XIII 3 Ahrenkiel lwer XII AC W»r XIII 5 Arrow Imei XI 5 Assoc Carrioge 5 ANl 'Z 2 APC line w 4 An v 3-s ASCI v I Altai line XII Bolt Conodo
      1,038 words
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      Lock icon India sets up committee to report on foreign-flag work
      293 21 Lloyd's List THE Indian government has sus- pended its threat to restrict the employment of Indian officers on foreign-flag ships and has set up a committee to report on the issue The committee, composed of two union officials and two representatives
      Lloyd's List  -  293 words
    • Article
      MOL to set up data centre
      256 21 MITSUI OSK Lines America Inc has joined hands with, three of North American shipping agents to establish a new headquarters/data centre facility called Combined Data Resource, Inc (CDR) in New Jersey. "The opening of the data centre marks the launch of a sophisticated new
      256 words
    • Article
      Lock icon EC unveils plan to boost industry
      214 21 Reuter THE European Commission has unveiled long-awaited proposals to boost the European Community's shipping industry against foreign competition. Transport Commissioner Karel Van Miert said the plan featured an EC flag giving shipowners incentives not to resort to registers of convenience. The plan will be
      Reuter  -  214 words
    • Article, Illustration
      Lee Rubber's timely investment into warehousing complex
      342 21  -  By RAHITA ELIAS LEE RUBBER'S redevelopment of its former rubber factory site at Kallang Bahru into a warehousing complex has proved to be a timely investment. With the current warehousing boom, its available facilities are enjoying full occupancy. Development of the company's Kallang
      342 words
    • Article
      Lock icon Iraq plans to construct 13 jetties
      148 21 AP IRAQI Minister of Communications and Transport Mohamed Hamza said that Iraq plans to build 13 new jetties at its southern gull port of Umm Qasr, near the border with Kuwait. He said that the new jetties will have a capacity of 4 million
      AP  -  148 words
    • Article
      S'pore enjoying spillover from Aussie competition
      1078 22  -  By FLORENCE CHONG SINGAPORE is benefiting from a spill-over of the intense competition in the Australian to Papua New Guinea run, say industry observers. Increasingly, too, the growth in the local economies, boosted by tourism and mining, have necessitated direct services from Singapore into
      1,078 words
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      Lock icon Hongkong yards: future looks more secure
      789 22 Fairplay THREE years ago, Hong Kong United Dockyards, (HUD), on Tsing Yi Island, was suffering from the same slump in repair work as practically every other shiprepair yard in the world. It was forced to drastically cut its labour force from 2,800 to 1,000,
      Fairplay  -  789 words
    • Article, Illustration
      Lock icon European ports competing to boost share of Far Eastern market
      451 22 The Journal of Commerce THE large seaports in northwestern Europe have long focused on North American trade, while Hamburg traditionally looked to the Far East. In recent years, the turbulent dollar led to a bitter restructuring of US trade, while
      The Journal of Commerce  -  451 words
    • Article
      Bunker market report
      538 22 Denalty Water Carbon Residue Ash thimlnkmi KG/M*3 V/V M/M M/M PPM M/M Exxon m#vnoa ISO/Clmac limits Spec E2S 991 1.0 15.0 0.10 30* 0.15* Spec G35 991 1.0 18.0 0.15 30* 0.15* Northern Europe 180 Ave 983 0.2 13.4 0.05 9 0.04 180 Max 993 2.0 17.2
      538 words
    • Article
      Who acts for whom ...
      2321 22 Who acts for whom A B AB Shipping Boueleed Shpg Agendoe (S). ABBS UM SMS Pte Ltd (S)/Tunea Sette (PK/KL). ABC ContalnerHne NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S>/Accord Container Lino (PK/PN) Ahrenkiel Unor Kim Shpg (8) Alfred C Toepter Oceenue Shipping Agoocy (SyMuWport Sdn Bhd (PK)
      2,321 words
    • Article
      Manila capable of building world-class ships
      401 23  -  By Al O Labita Jr THE Philippines is now capable of building world-class ships, says the Maritime Industry Authority (Marina) in its report. Of the country's 42 shipyards, eight are classified as Alpha, those which are tops in technical expertise and technological capability in
      401 words
    • Article
      London Freights
      966 23 FIXING was again sparse on the dry cargo freight market on Wednesday, backing up current expectations that rates will ease in the normally quiet summer months, and the Baltic Freight Index fell a further 30 points to 1,596. Easier rates were reported for grain, with fixing from the
      966 words
    • Article
      SHIPPING LIST where your ships are due...and when
      11730 30 asroaas A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      11,730 words
    • Article
      SHIPS IN PORT
      1529 34 AT CONVENTIONAL WHARVES V* V«M#I Voy No Barltt Arrival Departure KEPPEL WHARVES Boiywhofi 2/89 KI7 alongside 06 06/ 2300 Songkok Nov* 7W6 IC29 oiongside 02 06/ 2300 ICoto Icon im *32 oiongside 04 06/(MO) La'owa 02 K33 olongvde 03 06/ 2300 4 K3I alongside 0506/ 2300 Protn
      1,529 words
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      13 21 A lively way with WM, words Available at all mm**^okthop* —r— F«d«ral Publication*
      13 words
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      18 21 Lines and services represented by Members ot the Registry of Accredited L Shipping Agents. Singapore National Shipping Association. >
      18 words
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      Page 21 Advertisements Column 3
      339 21 "The Illustrated Encyclopedia of Wildlife" F ortmshtly at all good bookshops and news-stands. i Kit i re fa STP Dtstributora INSIDE Intense competition SINGAPORE is benefiting from a spill-over of the intense competition in the Australian to Papua New Guinea run, say industry observers. PAGEN LuV. -t I n* i.:>*
      339 words
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      Page 23 Advertisements Column 1
      1054 23 JARDINI SKIPPING ACINOUS 200 Canlonm««t Road 01? 06 SoutNpo.nl S«W<« OJOB r«i *****11 TEUX NO RS 241* rtMiNAi.cfs r«i nasis ho BOOKINGS M )20a?34 »S ft SAM A JAROtNC SNIPPING AGENCIES SON IMO POUT RIIANC 111 3(***** T*i No MAJJ477/MA39AII PENANG 111. *****4 TEUX NO MA4OO/) CIS Hi 34*06 PGUOANC
      1,054 words
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      Page 23 Advertisements Column 2
      1270 23 •Port "Penang Katang DESTINATIONS Th« weak Metle M Cloamg Tuna CY 5* 2300 MRS CFS V 6 1300 MRS METTE M LARS M LAURA M REGINA M LEXA M MCKINNEY M LEDA M LICA M Thi» weak Malta M Cloamg Time CY 5/6 2300 MRS CFS 5/6 1300 MRS TXta
      1,270 words
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      907 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT I ROTTERDAM/ HAMBURG BREMERHAVEN I ANTWERP LE HAVRE ZZZ I 1/7 I 9/7 I 4/7 P. KELANG SOUTHAMPTON HEIDELBERG EXPRESS 01/581 7/6 9/6 27/6 29/6 1/7 2/7 KOWLOON BAY 91/541 6/6 3/7 27/6 29/6 »/6 HARTFORD EXPRESS 01/585 9/6 30/6 3/7 "I ALASKA MARU
      907 words
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      Page 24 Advertisements Column 2
      592 24 V COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMI CONTAINER SERVICE TO NORTHBOUND TO UKC IVYBANK V-24N TAUSALA SAMOA V-ISN CLYDEBANK V26N •Alto Acuptmf FCI to Mtmm S PORE ROM/A DAM HBG HULL (U K.) 12/6 11/7 15/7 11/7 15/7 U/S 16/8 14/1 12/9 11/9 21/9 (ASIA-SOUTH
      592 words
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      Page 24 Advertisements Column 3
      994 24 REGULAR INDEPENDENT FULL CONTAINER SERVICE ALG/BCI ALX* P. SAID'TRS* 2V6 23/6 25/6 26/6 5/7 1/7 th *7 IV 16 7 17/7 IS/7 21/6 20/7 21/7 22/7 TOFIIROPP (VIA FEEDER) cunurc PEN pkl sin flx ham bre rot ant leh NORASIA PRINCESS 8911-3 1/6 2/6 4/6 28/6 2/7 3/7 30/6 1/7
      994 words
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      1446 25 Steamers Maritime Holdings Ltd uP&O I CONTAINER SERVICE TO UK/CONTINENT: TBA 271* our m n no TBA il/7 14/7 Also Accepting Corgo For: tteubbig 10 Copenhagen. Ajrhus. Gotiwnburg. Malmo. Stockholm. Hol»in*i. Sondeibur* •Jottofdjm to Ant*«fp. Anwtartam, Oslo. Biflo. Zurich to B'wnen Southwrotor to all UK destinations Bettast and Dublin CONTAINERSHIP
      1,446 words
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      Page 25 Advertisements Column 2
      920 25 tMJHO YANG LINE HANJIN lONGHAE ObBW HANJIN ROTTERDAM 003W CHOYANG CHANCE 042W HANIIN MASAN 049W Also accepting for Inland UK definitions Antwerp and Scandinavian porti FMG flota mercante grancolombiana sa (NATIONAL LINE OF COLUMBIA) WEEKLY EXPRESS INDEPENDENT FAR EAST/EUROPE FULLY CONTAINERISED SERVICE EASTBOUND HANJIN MASAN OWE HANJIN LEHAVRE 001E QUEENSWAY
      920 words
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      Page 25 Advertisements Column 3
      125 25 PT. PELAYARAN MUTIARA SAMUDRA AGUNG SAMUDERA 102 2/6 BATAM PERAWANG MJP 5/6 P BARU PERAWANG KUALA SIAK 16/6 SAMARINDA/BALIKPAPAN 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS Also accepting cargo for ports in Jawa Kalimatan. We specialise in project heavylift cargo. Owners operators of tug
      125 words
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      Page 25 Advertisements Column 4
      327 25 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Line#) TLX R*****1 A R*****2 IML INTERMARITIME SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAIHWGS •Also calls E L. t P.E. GENERAL AGENTS HAI SUN HUP CO (PTE) LTO. SINGAPORE PORT HUANG TEL 2MN TEL MM Sua AGENTS KOTA HINABALU TEL 221 SM
      327 words
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      635 26 tlx SINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN BAYAN PJL7OO IRANIAN SERVICE Singapore loading for I In Port BANDAR ABBAS SOUTH PACIFIC SERVICE MOTHER VSI KYOWA VIOLET V 25 KYOWA HIBISCUS V 37 LOAD FOR: GUAM SAIPAN. HRA. VILA. NMA LTK, SVA, PAGO APIA GUAM. SAIPAN.
      635 words
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      Page 26 Advertisements Column 2
      719 26 HANJIN SHIPPING CO., LTD r v ;on ra[neßfstl■ >EfU t c "I|TO USA PACIFIC SOUTH WEST v w w up TO FAR EAST PORTS HANJIN MASAN Ottt HANJIN IE HAVRE 001E QUEEN S WAY BRIDCE 01 CHOYANC PARK OQ2E FROM EUROPE VIA SUEZ HANJIN MASAN OUE 10,5 HANJIN LE HAVRE
      719 words
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      Page 26 Advertisements Column 3
      202 26 78. 2nd Floor. Jslsn 2/71. Tsmsn Tun Or. Ismail. ***** KL. Tsl: 71**734, ******4, 71*722* TLX. NO MA-37**3 FA*: 03-7173*11 Psnsng OR: Tsl: 3*0427. 3*0402 ACCEPTING CARGOES FOR THE FOLLOWING PORTS GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN LWE REGULAR SERVCES iFOWNCmTLY SAAJNG) HONG KONG PORT KELANG PENANG BANGKOK ALSO
      202 words
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      Page 26 Advertisements Column 4
      798 26 EVER (MEET EVE* GOLDEN EVER GLOBE EVER GENIUS EVER CIANT EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTINC CARGO TO 1) PROVIOtNCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE. WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO DETROIT COLUMBUS t OTHER MAJOR MICROBRIDGE DESTINATIONS I) BALBOA LIMON MONTREAL TORONTO VIA NEW
      798 words
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      1043 27 SHIPPING TIMES, Friday, June 2, 1989 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, «03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES FAR EAST VESSEL GOWA HAI GUANG MAJAPAHIT VOY SIN JKT 41SB SLO SLO 11 SB 7/6 9/6 J9SB 16/6 19/6 SIN HKG RAO KEE YOK NGO KOB 6 /6
      1,043 words
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      Page 27 Advertisements Column 2
      536 27 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT S POflf PKLANC I STOW HAH B HAW* "OA* KAMI u, tJm m \m m m m To iga Bj» In f Heide berj [icm Kowloon B»» It Hartford (iprtM »ft Alaska Maru lit Kelt *o»a IS/t Lvp Ba» IW Cit* o»
      536 words
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      Page 27 Advertisements Column 3
      444 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUOERA IMDOIIEStA F.T. TBIKOWA LLOYD fEXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSljvoT SPORE ANTWERP MJURGj RDAM/ADAM BREMEN SRIKIIAYA HSWB 7 9/6 (CONVENTIONAL FULLY BOOKED) (CONTAINERISED CARGO ACCEPTABLE) S PANJANG'22 WB AND CONTAINERISED CARGO) kutai/i7wb Accepting conventional
      444 words
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      Page 27 Advertisements Column 4
      455 27 BOUSTEAD SHIPPING AGENCIES PAGAN VUIW LOIKAW V 1«W HTONEYWA V249W PA AN VI39W SITTWAY V«JW MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok THE BANK LINE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC IVYBANK V24N TAUSALA SAMOA VISN CLYDEBANK V26N SPORE RDAM HMBG HULL 15/6 14/7
      455 words
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      1049 28 K LINE KAWASAKI KISKN KAISIIA. LTD. OOCL FAITH OOCL FRIENDSHIP NEPTUNE JADE N. AMERICA-ATLANTIC COAST OOCL FAITH OOCL FRIENDSHIP NEPTUNE JADE VOY LB 13 79/4 13 6/5 18 16/5 CHLS NFK 9/5 11/5 16/5 18/5 26/5 28/5 SGP 'PK/PNG *INDO 8/6 10/6 U/6 15/6 17/6 18/6 22/6 24/6 25/6 N.
      1,049 words
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      Page 28 Advertisements Column 2
      565 28 j ci AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers SIDAS V 41 IOAS V 4j SIOAS V IDAS V 44 SIDAS V 4] ml time Singapore Accepting FCL/FCL Containers Singapore P «etj'.g Penang Loading frw Mothef W B( feeder By Feeder 3 lune Kandla Bombay II Jure S June June
      565 words
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      Page 28 Advertisements Column 3
      370 28 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 7? Tflok A v cf Street SINGAPORE 0104 TEI (10 LINES) Fu S34JM4 STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST ColomOo Karachi Dubai GOLDEN WONDER Colombo Karachi Dubai CHINA SERVICE BAI TUN SHAN <uzhou Shanghai A VESSEL Shanghai S pore P KHang Penang J/4 June
      370 words
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      Page 28 Advertisements Column 4
      581 28 irD PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD tto7-12 AFRO ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 EAST/FAR EAST FCi ft LCI SERVICE ETA SINGAPORE DESTINATION DUBAI OAMMAN. KUWAIT. DOHA. MUSCAT. BAHRAIN ABU DHABI I SHARJAH COLOMBO. KARACHI. BOMBAY. MADRAS. CALCUTTA rrrQ2S33l EAST/WEST AFRICA/MED. Fa
      581 words
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      Page 29 Advertisements Column 1
      877 29 Agents S pore NEPTUNE AGENCIS PTE. LTD. Gcnwal Bookings Booking} Inward/ luminal CFS Enquire ft EU/AUST T PA, St A Outward *****22 *****53 278M77 *****53 27«5742 ******4 *****19 *****16 *****11 *****48 (CR NO. **********0E) NEPIINE SON BHD P Rdang K Lumpur Penjng J*****/ *****33 *****5 Penan* J Banru *****? *****0
      877 words
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      Page 29 Advertisements Column 2
      150 29 >AN PAN OCEAN SHIPPING COMPANY LTD TO UK CONTINENT PORTS TO MIDDLE EAST PORTS TO USA PORTS PAN DYNASTY MARINE GLORIA 'Loads Indonesia Loading for Los Angeles/New Orleans/ Charleston Norfolk, Camden Los Angeles/New Orleans; Charleston/Norfolk/Camden TO: JAPAN/KOREA PORTS S pore: BALISA AGENCY PTE LTD 80 Marine Parade Road 13-01 02
      150 words
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      Page 29 Advertisements Column 3
      122 29 Specargo Forwarding (S) Pie Ltd (International Freight Foo^a'ders) FAR EAST PORT KELANG PENANG TOKYO YOKOHAMA NAGOYA OSAKA KOBE KAOHSIUNG KEELUNG HONG KONG MANILA TEL: *****55 F/Ut *****88 TLX: RS ***** FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/SEMARANG/PANJANG/CIGADING/BENGKULU Daily receiving cargo at PPW Jurong Port Manna Surabaya \jtT7% Perita Shpg
      122 words
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      Page 29 Advertisements Column 4
      879 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG MISSUS HAI THONG SHIPPINC 127 Street. Ptwj. Ma a»sta CjOHs JATAPOM PENANG. T«l 6229 M *****8
      879 words
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      Page 30 Advertisements Column 1
      365 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEI 225 6868 (34 lines! FAX *****39. *****76 TIIEX RS ***** A B SSCMA RS ***** A B SSCAO DSR-LIMES VEB DEUTFRACHT SEEREEDEREI ROSTOCK U INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE T WENDA 1W WILHELM PIECK 6,89 H.
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      Page 30 Advertisements Column 2
      81 30 T.S.K. AtEKIY CONT AIN C RISCO WITH riXCO OA? ABRIVAi EXPORTS TO TAIWAN JAPAN HERMES ACE ¥?i IMPORTS FROM JAPAN TAIWAN MERIKS ACE V? 2 iri'Mi- 1 Mi:!.wr!Thu(«cnitMnwiLiM IQQSBEI U*****5163 031 Ql SHBB KM El 91ESfl B9 EH EXPORTS TO SURABAYA TSKLINE AGENCIES (S) PTE LTD TEL: *****68 NYK AGENCIES
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      172 30 I Regional Weather h l at/ \S 02. Oi 11 it J/! oa "i fit i .v~ su 4 X! SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. June 2. 1989 RT emper oture Thurdefs'mm Weoftir Section »lti spwd knots 7 (J Qom >IVo»f he«gM CkK#d> Sky Su'*OCe ore **d«coted
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      863 31 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 Q IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR IBN ALROOMI 13/6 Iraq/Japan THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING
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      Page 31 Advertisements Column 2
      287 31 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (10 Lines) FAX *****15 TELEX RS ***** RISHIP (3 Lines) J I •p* tfogpyofoooyoegno— 1 L W \m of Ethiopto) ACCEPTING FCL AND CONVENTIONAL OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOEIOAH OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOEIOAH Other ports along the route workable
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      Page 31 Advertisements Column 3
      650 31 0 SIGMA EXPRESS (S) PTE LTD TEL *****44 FAX *****75 ALSO ACCEPTING CARGO REGULARLY TO/FROM EAST MALAYSIA PORTS, BRUNEI, ALL USA INLAND POINTS AND CANADA Jl v CRYSTAL FREIGHT LrSP SERVICES PTE LTD Tlx: ***** CFSIN FAX: *****88 TEL: *****88/*****22 P.KELANG: 03-*****99 PENANG: 04-*****9 BANGKOK: *****21 HONG KONG: 03-*****8 ffM
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      Page 31 Advertisements Column 4
      120 31 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE CONTACT PERSONS TELEPHONE NO. TELEX/FAX NOS. OFFICE ADDRESS MR ROBERT OH/ HENRY/ ANWAR/ PETER LEO 224*071, *****72 :RS 20*40 BALTR A/*****73 .79 ROBINSON ROAD, #24-04 CPF BUILDING, SINGAPORE 0100 OUR CUSTOM REGISTRATION NO: IMII74SOOOM. afl'i&LgSLfl Hamburg West Germany Tiger Line INDEPENDANT
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      Page 31 Advertisements Column 5
      109 31 REGULAR EXPRESS FCI LCL SERVICE DESTINATION PORT KELANG (Fa ONLY) ETA SINGAPORE BANGKOK VS. 23/6.3/7 KEELUNG, KAOHSIUNG LALAmAiI [XX3 JAKARTA (FCL ONLY) TOKYO, KOBE, BUSAN (FCL ONLY) KARACHI, BOMBAY, COLOMBO (FCL ONLY) 3/s. W. 7it, m, u* 5/S, 23/S, 3/7, 11/7, 26/7 13/S, 15/*, 17/S, 14/7, 27/7 ABC CONTAINERLINE N.V.
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      127 32 THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA REGULAR RO-RO SERVICE TO MIDDLE EAST P KELANG 11 JUN DAMMAM 21 JUN 12 JUL JEDDAH 30 iUN Accepting Breakbulk. Ro/Ro. Containers FCL Containers for Sharjah, Doha and Riyadh. REGULAR RO-RO SERVICE TO USA/CANADA -W .Uf.l n NEW ORLEANS 26 JUL II AUG
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      Page 32 Advertisements Column 2
      744 32 OcerhSeruice A v os, operates over 800 terminals/offices in U.S.A. maintains over 35,000 tracton trocki. serve* over 60,000 points in U.S.A. offers reliable LCL/FCL services. /a J SINGAPORE a?755eS» 778 6522 <22 lines) tt?2T2l3 Contact: Eleine Teo, Esther Yap. 2i-asi434 C SAV fT— «qMCt tbiwom CHME FEEDER /ESSEL I3AV 1
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      727 33 verett Lines/ W«v COMPANIA PERUANA \gl D€ VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Ptnang* P Kelang* Singapore ROSEEVERETT 7/9 Jun JOHNEVERETT 19/21 Jun MURRAYEVERETT 4/6 Jul 7/9 Jul ORIENT
      727 words
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      Page 33 Advertisements Column 2
      451 33 Zl FULL CONTAINER SERVICE xcop«inf FCL/LCL cjrjow to USA Ejst t W«tCo»st. CamMwan East Canada, HAITI Co»ta Rica. El Salvador. Guatemala. Honduras. Venezuela Peru. Ecuador, Colombia *u Miami, Trinidad. Barbados. Anttpia. St Lucia. Moritserrat. Guayana via Kingston 1 ACCIPTIW CARGO TO AOtmiM VIA MCLBOUKW A»D WSO FCI 10 WU» ZIM
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      Page 33 Advertisements Column 3
      651 33 f« 1 k L 1 I A 1 i L' «WMM I*A*3*O*TAIION |MI) LTO WEEKLY LCL/FCL SERVICE FOR BOOKING ENQUIRIES, PLEASE CONTACT DESTINATIONS ETA SINGAPORE PORT KELANG 3 JUNE MANILA 5 JUNE HONG KONG, ALL CHINA PORTS 5 JUNE KEELUNG, KAOHSIUNG JUNE BUSAN 6 JUNE TOKYO. KOBE 6 JUNE CHITTAGONG
      651 words
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      Page 33 Advertisements Column 4
      466 33 W€EKLY F'JLL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA Central Agents: ASIA PERINTIS LINES PTE LTD 80 Anson Road #2S-M IBM Towers Singapore 0206 Tel: *****33 Tlx: ***** A/6 PTASIA FAX: *****53 CR NO **********0 C CHINA SERVICES FROM PORT KELANG/SIMGAPORE SHANGHAI ft OTHER PUTS SINGAPORE
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      Page 33 Advertisements Column 5
      479 33 PTC CONTAINER LINES FCL LCL SERVICE SIN FAB EAST 11/6 KEELUNG/KAOHSIUNG 6/6 BANGKOK 11/6 MANILA 10/6 JAKARTA 10/6 PORT KELANG/PENANG 5/6 BUSAN 6/6 TOKYO/YOKO/KOBE 5/6 HONG KONG also accepting cargo to Huar.gpu Shenzhen Fuzhou Xiamen/Xingang/Shanghai SIN EIIBOPE/IK 10/6 RDM/HAM/ANT/LE HAVRE/GENOA 10/6 LDN/FLX/LVP/SOU cm uti/Miiai 11/6 L.A./NYC/SFO 12/6 VANCOUVER/TORONTO/MONTREAL UN AttITBAUA/PEW
      479 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      176 34 kCOMMERCIAL FREIGHT I STORAGE Jg# PTE. LTD. (MEMBER OF C.F. SHARP GROUP) WEEKLY LCL/FCL CONSOL TO PHILIPPINES AUSTRALIA ARABIAN GULF TEL: *****66 TLX:RS ***** FAX: *****12 ROCO CARRIERS I NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES I Liner services accepting FCL containers (GP and reefer), LCL and breakbulk cargo for both north
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      Page 34 Advertisements Column 2
      19 34 Expeditors International (Pac-Bridge Shipping) t 5/6 SAILING TO SEATTLE AND OTHER USA POINTS/PORTS 8/6 SAILING TO LAX/LBC TEL: *****24
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      Page 34 Advertisements Column 3
      651 34 hx JE CONTAINER LINE f A TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST PORT KELANG PENANG BANGKOK HONG KONG CHINA KAOHSIUNG KEEIUNG 3ft ft 10* vttm n» t m 3ftft w 3/6 8 6 2ft ft S/» 2/t* sft SRI LANKA/ INDIA NEW
      651 words
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      Page 34 Advertisements Column 4
      559 34 |Q jlr MitsciOSK. Lines. JLtd FULL CONTAINER A EXPORT TO: UK/CONTINENT (TRIO) P KtlMf Stw M a* v IM W S por. P Kftling S to* M bur, hwirM L. N MEIOELERC EXPHESS W 25 J2 !n SBM! S5 "JS v till MEDITERRANEAN (MED CLUB)* Nw *'<* V V to
      559 words