The Business Times, 15 June 1989

Microfilm: NL16652
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 THURSDAY, JUNE 15, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    273 1 Dow up WALL STREET stocks gave up part of their opening gaina after the US State Department denied a rumour that Chinese troops had invaded the US embassy in Beijing. The Dow was up six points at 2509 after rising to c 2513. The dollar remained J
    273 words
  • Article, Illustration
    Regional bourses end firmer
    221 1 SHARE PRICES in Singapore. Hongkong and Tokyo posted strong gains to close firmer yesterday. In Singapore, the Straits Times Industrials Index surged 14.63 points on a wave of continued buying interest and bargain hunting to close the day at 1,298.47. The Business Times Composite Index also
    221 words
  • Article
    Greenback takes a breather
    112 1 THE RISING US dollar yesterday took a breather in major financial markets as traders awaited today s important American trade figures. In London, the US dollar was quoted at 2.0195 West German marks and 148.12 yen yesterday, down from 2.0264 marks and 149.20 yen at the
    112 words
  • Article
    Five banking groups rapidly taking shape
    481 1  -  OCBC group integrates branches; OUB to do so soon By QUAK HIANG WHAI SINGAPORE'S local banks are last shaping up into five distinct groups. Since last month, customers of OCBC Bank and its two banking subsidiaries have been able to conduct basic banking business
    481 words
  • Article
    Join hands to tap opportunities, says Goh at EAG launch
    379 1 THE TIME is ripe (or top Japanese and Singapore business talent to join hands to explore trade and investment opportunities overseas, said First Deputy Prime Minister Goh Chok Tong yesterday at the launch of the Japan-Singapore Economic Advisory Group (EAG).
    379 words
  • Article
    Lock icon Umno branches told to follow rules
    126 1 Bernama NEW UMNO branches and divisions whose meetings are not carried out in accordance with party regulations will be directed to hold fresh meetings, Umno secretary-general Datuk Mohamed Rahmat said. He added that the New Umno Supreme Council would issue such directives if there
    Bernama  -  126 words
  • Article
    Lock icon Boeing recommends grounding of 737-400s
    235 1 AFP BOEING Co and engine manufacturer CFM International have recommended that Boeing 737-400 jets be grounded for engine modifications after two cases of engine failure in flight. The recommendation, made on Tuesday, affects 34 Boeing 737-400 jets worldwide. Britain's Civil Aviation Authority on Monday grounded
    AFP  -  235 words
  • Article
    Lock icon Talk on bumiputra business
    75 1 Bernama A CLOSED-DOOR dia- I logue on fostering a i more rewarding bumiputra and non-bumiputra business partnership will be organised by the MIM Entrepreneurs' Club of the Malaysian Institute of Management in Kuala Lumpur on June 24. The dialogue, chaired by Datuk Mohamed Sopiee, will bring
    Bernama  -  75 words
  • Article, Illustration
    Third polytechnic may have training centres as autonomous partners
    509 1  -  By ANNA TEO THE PROPOSED third polytechnic could develop along a Science Park concept, with industry training schools coming in as autonomous partners, said the Senior Minister of State for Education, Dr Tay Eng Soon. One prime candidate that could join
    509 words
  • Article
    Lock icon Mahathir announces extensive Cabinet reshuffle
    359 1 Bernama Reuter MALAYSIAN Prime Minister r Datuk Serl Dr Mahathir Mo- I hamad yesterday announced a Cabinet j reshuffle which analysts said appeared aimed at strengthening the component parties of the National Front coalition. I The reshuffle also indi- cated that Dr Mahathir was unlikely
    Bernama; Reuter  -  359 words
  • Article
    Lock icon 'S'pore willing to help Trengganu'
    78 1 Bernama SINGAPORE is willing to help the Trengganu government attract investors and tourists to the state. Chief Minister Tan Sri Haji Wan Mokhtar Ahmad said yesterday. He said that this had been conveyed to him by Singapore High Commissioner to Malaysia, Mr SR Nathan, who
    Bernama  -  78 words
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      Page 1 Advertisements Column 1
      66 1 Burberrvs': ktcn V/ Q < ,B ?rv. Reigns when it pours The best of Hunan and Sichuan awaits you today at the Cherry Garden. nV •>.« «V-. X.-t* f-» U m Let Chef Huang introduce you to the finest cuisines of the Cherry Garden. Reminiscent of a Chinese nobleman's courtyard,
      66 words
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      Page 1 Advertisements Column 2
      18 1 Full report, PAGE 16 Regional mkts, PAGE 18 World mfcts, PAGE 19 USS outlook, PAQE3 3 A 7
      18 words
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      Page 1 Advertisements Column 3
      174 1 Loador, PAGE 10 Royal audlanca for Chok TonQ, BACK PAGE Editorial Comment: 10 South-east Asian NIEs in the wings Trade ridiculously lo consumption 2 Asia-Pacific the driving force Capitalising on tourism prices''' 2 CashinghTon box-otlice hits lie t,„H. 4 CargoGuH Shipping T US trade act Weekly service to Mideast p<
      174 words
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      Page 1 Advertisements Column 4
      298 1 BALLY of Switzerland S G Parrett Son Pic Ltd special supplement ITS BACK! BT's special annual supplement on the stock exchange. A sellout when it was launched last year. And required reading again this year, with topics such as: The China Crisis and Singapore's stock market. Which stocks where? Experts
      298 words
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  • HOME NEWS
    • Article, Illustration
      Asia-Pacific driving force
      496 2  -  FREE-WORLD OIL CONSUMPTION LIKELY TO HIT 10-YEAR HIGH By MARTIN SOONG THE ASIA-PACIFIC regions booming demand for oil will be the main force driving free-world oil consumption levels to their highest in a decade this year, says a senior US energy banker. Bank of America senior vice-president
      496 words
    • Article, Illustration
      Local refineries need more investments to remain competitive: Shell chief
      482 2 FURTHER INVESTMENTS to in- I crease processing flexibility and value-added production are essential for local refineries to remain competitive in the Asia-Pacific region, said Shell Singapore chief Dick Van Hilten yesterday. Speaking at the International Herald Tribune and The Oil
      482 words
    • Article
      Oil companies cut pump prices
      196 2 OIL COMPANIES yesterday announced that they would be reducing pump prices with immediate effect. The new price for premium grade petrol is 106.8 cents per litre, while the intermediate grade costs $101.2 cents per litre. This is a reduction of 2.8 cents for the premium
      196 words
    • Article
      Coronet Far East to assume higher profile in Singapore
      171 2  -  by FLORENCE CHOMG CORONET Far East, the Hongkongbased offshoot of the New Zealand group Coronet Equities, is to step up its activities in Singapore because of what it considers as high risks in the British colony. The company is also winding
      171 words
    • Article, Illustration
      MEMO-PAD
      273 2 Seminars and courses Jun 12-16 Jun 13 16 Jun 15-16 Jun 14-17 Jun 14-16 Jun 17 Jun 20 Jun 20 Jul 20 Jun 21 Jun 21 Jun 22 Inter octing Management RGA Training Centre Personnel Policies Personnel 4 Development Practice Organisation Development Finance For Non-Financial Hilton Hotel Manogers Designing
      273 words
    • Article
      Greenback likely to weaken
      149 3 THE US DOLLAR is expected to weaken against the other currencies, including the Singapore dollar, by the end of this year, said DBS Bank in its latest occasional papers. DBS Bank's economic research department predicted that the US dollar would fall to between 551.90 and 551.95
      149 words
    • Article
      Sys Scan upgrades to make Singapore its regional headquarters
      249 3 A LEADING international digital mapping systems company, SysScan, is to make Singapore its Asia-Pacific region headquarters and training centre. The company, SysScan Asia, is committing $3 million to transform itself into a technology centre for the South-east Asian and Asia-Pacific region
      249 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      277 3 WOON SAN PEO has been appointed materials manager of Service Systems (S) Re Ltd. He will be responsible for procurement, storage, transport and other materials and equipment functions in the office. Mr Woon has many years' experience, having worked for the AveryLaurence Group for more than 18
      277 words
    • Article
      Singapore businessmen can have role to play in setting of world standards
      322 3  -  By JOCELYN TOH SINGAPORE businessmen can now have more say in the setting of world standards for their products through active participation in the International Organisation for Standardisation (ISO). The 88-member ISO is the world standards body which
      322 words
    • Article
      Corrections and clarifications
      45 3 IN AN ARTICLE published in BT yesterday, we said the directors of Far Eastern Bank have proposed a first and final dividend of 4 per cent dividend for shareholders. The bank has clarified that the dividend was already paid on May 29.
      45 words
    • Article, Illustration
      Software wizard wins Rotary award
      297 3 UNASSUMING Rachel Swee, managing director of Creative Software, emerged as the "Small Entrepreneur of the Year", a competition sponsored by the Rotary Club of Singapore yesterday. Creative Software, incorporated in 1985, designs software packages for the administration departments of companies. It had sales of $750,000
      297 words
    • Article
      Study loan scheme revised
      106 3 OCBC BANK has revised its tertiary financing scheme to allow students to borrow up to $20,000 at the bank's prime lending rate. The bank said yesterday that the new package was exclusive to all full-time students of the National University of Singapore, Nanyang Technological Institute, Singapore
      106 words
    • Article
      US venture capital firm invests in two local names
      451 3  -  Specialist companies getting total of $2.5 m By GENEVIEVE CUA US-BASED venture capital firm Hambrecht Qoist, known for backing high-growth and technol-ogy-intensive firms such as Genentech, is investing $2.5 million in two home-grown companies which are specialists in their own fields.
      451 words
    • Article, Illustration
      Aussie team wooing investors for biotech, manufacturing and services
      503 3 CAPITAL-FLUSH Singapore companies are being wooed to invest in capital-starved Australia. At a seminar yesterday on investing in Australia, government representatives and senior business people from Down Under gave a two-and-a-half-hour presentation on the complementary role Singapore can play in the
      503 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      187 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day Conference on INVESTMENT CHALLENGES FACING THE INSURANCE INDUSTRY 10-12 July, 1989, Shangri-La Hotel, Kuala Lumpur FOR Investment personnel of financial institutions (in particular merchant/commercial banks) and insurance companies. The conference will discuss extensively current investment practices, new approaches and potentials
      187 words
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      Page 3 Advertisements Column 2
      118 3 VL' M 1 m -A. &3ii* M i N '7'-- 2 r^,y/ -J pi 4 i,"V NIGHT New 24 Hour J 'Loan and Information Service and Approval Call Hong Leong Finance: *****44^Pf| Singapore Finance Igfl *****44^Bgagsk Call LISA for the following Interest Rates on Fixed Deposits Savers Plus Accounts Savings
      118 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Japan unresponsive to US team
      521 4 Refusal to negotiate issues on US trade act UPI JAPAN, still stinging from President George Bush s listing of Tokyo as an unfair trading partner, refused on Tuesday to formally negotiate Mr Bush s accusations with a visiting US trade team. The US delegation, led
      UPI  -  521 words
    • Article
      Lock icon Japanese TRON computer project seen stumbling
      358 4 Reuter TRON, a Japanese project aimed at creating new computer designs, microprocessors and operating systems, appears to have stumbled on the twin obstacles of technology and trade friction, industry experts say. A quasi-public body, the Computer Education Centre (CEC). is backing away from a
      Reuter  -  358 words
    • Article
      Lock icon Jordan, India to set up US$l.2b joint ventures
      139 4 Reuter JORDANIAN and Indian businessmen said on Tuesday that they have agreed to set up three phosphate-related joint ventures worth US$l.2 billion. "There is a tentative agreement on three phosphate projects worth about US$l.2 billion,' said Khaldoon Abu Hassan, President of Jordan's
      Reuter  -  139 words
    • Article
      Lock icon Israel heading for recession
      277 4 AFP THE ISRAELI economy, grappling with a slump in investment, a decline in exports and rising unemployment. appears headed tor recession. The economy has been battered by the 18-month-old Palestinian uprising in the occupied territories, which has jeopardised a recovery plan unveiled early this year by
      AFP  -  277 words
    • Article
      Lock icon US, Britain clash over repatriation of boat people
      300 4 FT THE US and Britain clashed in Geneva over the British proposal for the enforced repatriation of Vietnamese boat people from Hongkong. Sir Geoffrey Howe, the Foreign Secretary, told the United Nations conference on Indochinese refugees on Tuesday that mandatory repatriation from
      FT  -  300 words
    • Article
      Lock icon Japan grants US$30m aid to Pakistan
      76 4 AFP JAPAN has agreed to provide a grant of 631.56 million rupees (U5530.07 million) in aid to Pakistan under four separate agreements, official sources said in Islamabad on Tuesday. Japanese Ambassador to Pakistan Shunji Kobayashi and Pakistan's Economic Affairs Secretary Aftab Ahmed, exchanged notes
      AFP  -  76 words
    • Article
      Lock icon Bhutto urged to review tax
      84 4 AFP INDUSTRIALISTS have urged Pakistan's Prime Minister Benazir Bhutto to review her decision not to withdraw a controversial 12.5 per cent sales tax. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) asked the government to withdraw the tax from carpet. textile processing and
      AFP  -  84 words
    • Article
      Lock icon Indonesia's progress praised
      297 4 Reuter DUTCH Development Cooperation Minister Piet Bukman has prbised Indonesia's efforts to restructure its economy. More, however, need to be done to attract foreign investment to the former Dutch colony. "I am happy to note there has been substantial progress in Indonesia's economic adjustment policy," he told
      Reuter  -  297 words
    • Article
      Lock icon Australia urges more cooperation on chemical arms ban
      125 4 Reuter AUSTRALIAN Foreign Minister Gareth Evans said on Tuesday that governments needed to work harder to win help from industry for a proposed chemical weapons ban. The relationship between governments and national chemical industries was a crucial as- pect of the treaty
      Reuter  -  125 words
    • Article, Illustration
      Lock icon S Korean opposition leader reveals meeting with N Korean officials
      497 4 AFP SOUTH KOREAN opposition leader Kim Young-Sam has had an unprecedented meeting with senior North Korean officials to discuss the national reunification issue, according to press reports in Seoul. Mr Kim was quoted as telling South Korean reporters in Washington
      AFP  -  497 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      967 4 ARRIVALS Operator Sorvfc* Local From number timo ALK UL454 0020 CMB S1A soon 0040 LAX/NRT KAL KE697 0155 SEL TMA TL351B 0430 BEY/SHJ/KUL S1A SQ409 0520 AAAA IAC IC555 0655 MAA SU SQ407 0740 DEL SIA SQ023 0755 AMS/ZRH SIA SQ411 0800 BOM MAS MH640 0820 KUL
      967 words
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      377 4 F,DP Seminars Peat Marwick Management Consultants pte. Ltd. is organising a series of E pP^ in^ s fto who desire to keep abreast of the «dr.P«"y changing information technology environment. This area was specifically addjesssd the Companies (Amendment) Bill, which requires all pubhc to nrtabhsh an audit committee to assist
      377 words
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      Page 4 Advertisements Column 2
      39 4 Cttt your Trrti Aftttt or Air Cjrudt M HMSS. A BREATH OF FRESH AIR The buiincM perwui's choice every Tuaday, Thurtdav Saturday and Sunday. Leaving Changi Airport at 12M boon and ap-mng Heathrow early the following morning. Air Canada
      39 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      183 4 \msia z//1 Max/ Not* Mn (°C) 14/09 Hoxe 24/13 Clear 28/18 Cloudy 12/08 Cloudy 35/30 Cleor 33/27 Sumy 30/25 Cloudy 27/18 Drizzle 30/22 Sunny 24/14 Cloudy 25/13 Clear 29/25 Claor 27/20 Claor 22/12 fin* 28/11 Cleor 23/15 Clear 17/07 Claor 33/20 Clear 22/07 Cloudy 14/00 Cloudy 25/19 #oin 21/16 Cloudy
      183 words
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  • REST OF THE WORLD
    • Article
      Lock icon Soviets told no economic improvement in coming year
      318 5 Reuter NEW SOVIET Deputy Prime Minister Leonid Abalkin, a reformist now charged with planning Soviet economic development, said there could be no improvement in the country's crisis-ridden economy over the coming year Mr Abalkin, nominated to the post last week by Prime
      Reuter  -  318 words
    • Article
      Lock icon American foreign trade deficit increases sharply
      324 5 AP THE US foreign trade deficit i widened sharply in the first three months of the year as an improvement in the sale of American merchandise was swamped by a deterioration in the country's investment balance sheet, the government reported on Tuesday. The Commerce
      AP  -  324 words
    • Article
      Lock icon Trade cases likely if US steel import curbs end, panel told
      178 5 AP ALLOWING steel import barriers to lapse this year would leave US firms little alternative but to file costly unfair trading cases against some steel-exporting nations, proponents of the restraints told a House panel on Tuesday. A hearing by
      AP  -  178 words
    • Article
      Lock icon Pentagon picks HDTV contractors
      261 5 AP THE US government joined a high-stakes technology battle with Japan on Tuesday when a Pentagon agency selected the first five companies to receive government grants to develop high-definition television. The Defence Advanced Research Projects Agency, or Oarpa. announced it would immediately open negotiations with the
      AP  -  261 words
    • Article
      Lock icon Soviet-German trade 'ridiculously low'
      550 5 GORBACHEV'S VISIT TO WEST GERMANY NYT SOVIET President Mikhail S Gorbachev declared the current level of trade between the Soviet Union and West Germany as ridiculously low. Speaking to a gathering of West German bankers and industrialists in Cologne, Mr Gorbachev pressed home the message that
      NYT  -  550 words
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      Page 5 Advertisements Column 1
      130 5 BIG SAVINGS WITH HONG LEONG FINANCE SINGAPORE FINANCE GOLDEN SNAKE NEW HOUSING LOAN PLAN For a timited period only. Hong Leon? and Singapore Finance are offering: Fixed interest rale at 4.75** p.a. for the first 12 month*.. •V 4 below Board Rate for first time homeowners Free legal fees up
      130 words
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      Page 5 Advertisements Column 2
      171 5 OVER V. I J? V < i. > > %> M r*4s^ •> •< tf US >' fi M •V > A rf y ■I CAPTURE THE DETAILS THAT EVEN YOUR OWN EYES MISS FIRST TIME ROUND. Super VHS Sitier VHS GF-SIOOOHE FULL S]ZE SUPER VHS VIDEO CAMERA Full hi-fi
      171 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      33 5 (Jjeu, THIS I BSTTBR /SAFIN& GO FOR MESS' HOW HBLP. YOU QUBBNOF PIAMONPS, RIGHT* i kS f 2S^ ft VAMP? UH... LBtssee V* M 8 2 E i IS C< a rs7^#£ SSiSlhn?
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1774 6 SINGAPORE: THE US dollar closed higher against most currencies on short-covering and buying interest on dips, despite repeated Bank of Japan intervention, dealers said. It closed at 148.15/20 yen and at 2.0190/95 marks against New York's 148.03/13 yen and 2.0165/75 marks. "Trading was very cautious because of BOJ
      1,774 words
    • Article
      Lock icon Simex
      520 6 BA Futures SEPTEMBER Eurodollar futures yesterday °P« n ®< 1 11 ticks lower than Tuesday s Simex dose> at lowfng a lower dollar and Fed action to dram hquidtty w.Th overnight match sales Prices recovered to a high 91 25 on short covering following a dollar. The September contract
      BA Futures  -  520 words
    • Article
      Government Securities Market
      102 6 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity WD OFFER HKX LOW 3 months RQ*****S 14.09.89 4.06 4.01 4.07 3.97 6 months BY*****H 23.11.89 4.06 4.01 1 y«or BY*****F 24.05.90 4.29 4.24 4.26 4.24 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      102 words
    • Article, Illustration
      World interest rates
      204 6 Indlcalee gie average of the prime lending ralee of 12 ma|or banks m rpore Interbank market n itas (offer/bid) on June 14 us$ DM SWFC Y«n 7 dor* 1 Mk 3 Mk 12 Mh 7/14 S/1* 9 7/1* 3/1* J/16 3/1* J/U 1/1* 9 1/9 9 13
      204 words
    • Article
      Money markets
      72 6 THE OVERNIGHT RATE fell by 1/8 point to 4 3/4 per cent on the Singapore money market yesterday. The one-month term rate also tell by 1/8 point while the two-months rate dropped by 1/16. The three-months rate remained unchanged. S$ Interbank rates at the dose yesterday: ofa HO
      72 words
    • Article
      Options
      1250 6 CURRENCY FUTURES OPTIONS Wednesday, June 14, 1989 DCUTSCHEMARK (MMCX) Bap 88 C*M* Bap 88 M Law BaM HWl Ll P+* m M S3 270 53 351 54 439 JAPANESE VE N (SIMEX) OapMceNa P* m Ml 75 691 IMM Tuesday, June 13, 1989 BRITISH POUND m.00* mm* pm t
      1,250 words
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      Page 6 Advertisements Column 1
      347 6 K' *##AW M fvnwi adventurous to luxurious a You get a taste of everything AaffM in Australia's Northern Territory. There's adventure unlimited in land so rich with mysteries and natural wonders. Yet the luxuries of world-class hotels and deluxe tours are WsW*?*—^*ll there for the taking when all you t
      347 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Immediate outlook for US$ still bright
      572 7 The dollar's rally will continue, say economists in the main article below while the accompanying piece looks at Japan's bid to counter the dollar's rise. The third piece focuses on UK's move to boost the sagging pound. Reuter THE US DOLLAR is poised to
      Reuter  -  572 words
    • Article
      US$100m term loan for Fletcher
      173 7 THE SINGAPORE branch of Oai-lchi Kangyo Bank (OKB) has put together a US$lOO million term loan for Fletcher Challenge Capital Canada Inc. The borrower is the financing arm of the Fletcher Challenge group, reputed to be one of New Zealand's largest commercial groups. A spokesman
      173 words
    • Article, Illustration
      Lock icon Mrs T backs Lawson to boost faith in sterling
      609 7 FT BRITISH Prime Minister Margaret Thatcher sought to restore sagging confidence in the pound after another sharp fall in sterling with a promise of "full, unequivocal and generous backing" for Chancellor Nigel Lawson. Her comments on Tuesday, delivered as Mrs thatcher
      FT  -  609 words
    • Article
      Lock icon US$1.5b loan first step in debt cut for Mexico
      286 7 Reuter THE WORLD BANK on Tuesday approved US$l.5 billion in loans for Mexico in its first debt reduction operation, saying it set the stage for an agreement on a financing and debt reduction package between Mexico and commercial banks. World Bank
      Reuter  -  286 words
    • Article
      Lock icon US bank earnings hit record US$7.3b
      236 7 Reuter THE US FEDERAL Deposit Insurance Corp said American commercial banks earned a record US$7.3 billion during the first quarter of this year, up from US$4.9 billion in the first quarter of last year and US$6.7 billion in the fourth quarter of 1988, the
      Reuter  -  236 words
    • Article
      Lock icon Asian dollar market
      300 7 Reuter SHORT-DATED Asian dollar deposit rates fell yesterday while fixed dates were little changed from their opening levels. An offered tendency in short-dates during afternoon session saw the rates moving downwards with Wednesday/Thursday, Thursday/Friday and week-fixed all closing at 9-7/16 9-5/16 pet. Term rates firmed 1/8 point
      Reuter  -  300 words
    • Article
      IMM
      266 7 IMM CURRENCY futures closed higher on Tuesday and in the upper portion of daily trading ranges after a somewhat choppy session. Repeated central bank intervention, with at least five rounds of dollar selling by the Federal Reserve, eventually drove futures higher in late morning and afternoon dealings. Futures had
      266 words
    • Article
      Comex gold/silver futures
      179 7 Gold futures on June 13 1989 100 troy ounces. USS per troy ounce Opon High Low SoWo Jun 362 00 364.40 359.00 363.10 1.20 Jul 364.40 1.10 Aug 365.00 368.40 362.50 366.80 1 00 Oct 369.40 372.00 366.00 370.80 1.20 Dk 373.00 376.60 370.40 374.80 1.30 F«fa
      179 words
    • Article
      Lock icon Bank of Japan chief gives assurance on international action against dollar rise
      492 7 Reuter JAPAN and other major nations are decisively acting to counter the dollar s rise, Bank of Japan governor Satoshi Sumita said at a press conference in Tokyo yesterday. The strong intervention by the US clearly showed that
      Reuter  -  492 words
    • Article
      Bank of Hawaii to bank on tourist business
      297 7  -  By HONG LEE TIAM BANK OF HAWAII, which is setting up a representative office in Singapore on July 1, intends to capitalise on the lucrative tourism business in the Pacific. Lawrence M Johnson, the president of Bancorp Hawaii Inc, the parent company,
      297 words
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      Page 7 Advertisements Column 1
      60 7 DURBAN For the man who m«l»ei the rules m >g£&- pV lkfci *»a T =At"V. *•-1 NOT FOR THE FAINT-HEARTED f t y WT, I S -vi a**-. p* *y: v 4 &&&-;i.* <> v V 4 ROB 1 fe *L' f Bold evening dressing of the finest quality-Jockets and
      60 words
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  • COMMODITIES
    • Article
      Lock icon Colombia blames key producers for failure of talks
      344 8 Reuter COLOMBIA, the world's second largest coffee producer, has blamed the US and Key producers for failure to save the International Coffee Agreement at talks which collapsed in the early hours of Tuesday. In a statement Jorge Cardenas, chief negotiator for Colombia,
      Reuter  -  344 words
    • Article
      Lock icon MRELB monitoring effects of China crisis on market
      413 8 Bernama THE MALAYSIAN RUBBER Exchange and Licensing Board (MRELB) is closely monitoring effects of the turmoil in China on the Malaysian rubber market and Malaysia's rubber exports to China. The MRELB's head of market development Ng Kok Tee said: "Sales have been
      Bernama  -  413 words
    • Article
      Lock icon Malaysian cocoa exports rose by 8.3pc last year
      259 8 Bernama MALAYSIA exported 224,908 tonnes of cocoa worth MS9O6 million last year, up 8.3 per cent from 188,927 tonnes worth MSB7O million in the previous year, the Federal Agricultural Marketing Authority I(Fama) said on Tuesday. Out of this, 80 per cent or
      Bernama  -  259 words
    • Article
      Lock icon Wheat
      226 8 Reuter CHICAGO Board of Trade i soft red winter wheat fu- < tures held support to close higher across the board on Tuesday after the USDA's lower crop production estimate sparked steady buying, floor sources said. The department cut its projection for the 1989/90 soft red winter wheat crop
      Reuter  -  226 words
    • Article
      Lock icon Soybean
      235 8 Reuter CHICAGO Board of Trade soybean futures closed on a high note on Tuesday after reduced USDA estimates for the year-end supply of US beans bolstered prices throughout the session. Steady buying from the outset by commission house lowa Grain pushed July beans upwards and new crop contracts followed
      Reuter  -  235 words
    • Article
      Produce Prices
      196 8 Chinese Produce Exchange Sellers' noon dosing prices on June 14 (SS/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 Muntok white FOB NLW 567.50 Sarawak white FOB faq NLW 557.50 Sarawak special 427.50 black FOB NLW
      196 words
    • Article
      London Markets
      280 8 London Commodity Exchange Buyer/Seller closing prices on Jun 13 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis tn-store London, sellers option CIF London Jul 1100/1105 (1215/1220) High/Low 1175/1095 Sep 1060/1065 (1186/1188) High/Low 1135/1060 Sales (8162) Cocoa Jul 835/836 (814/817) High/Low 837/819 Sep 856/857 (835/837) High/Low 857/839
      280 words
    • Article
      Lock icon Palm Oil
      259 8 Bernama MALAYSIAN CRUDE PALM OIL FUTURES closed lower on the Kuala Lumpur Commodity Exchange, in sluggish trading, on news of Pakistan s purchase of two parcels of refined, bleached and deodorised olein Traders, however, said sentiment throughout the day was affected by intermittent profit-taking and selling pressure around
      Bernama  -  259 words
    • Article
      Lock icon Porta prices for June 13, 1989
      312 8 Reuter MALAYSIAN CRUDE PALM OIL Crude palm oil prices closed off the day's highs on profit-taking and speculative selling, prompted by late easiness in palm oil futures, dealers said. They said operators liquidated positions ahead of the Porla report today. "It is quiet normal
      Reuter  -  312 words
    • Article
      Lock icon KL Tin
      213 8 Reuter THE Kuala Lumpur Tin Market (KLTM) eased 22 cents to 27.31 ringgit a kg at the close yesterday on absence of strong buying demand as the ringgit rose against the dollar, brokers said A small bid of five tonnes against an offer of I 43 pressured the
      Reuter  -  213 words
    • Article
      Lock icon Precious Metals
      470 8 Reuter HONGKONG: Gold ended slightly easier yesterday in active but vol- atile trade, dealers said. They said physical demand and speculative buying by local investors boosted prices in the morning, but the US dollar's rise pressured the metal in afternoon trade. They said bullion had firm technical support
      Reuter  -  470 words
    • Article
      SSR and SMR
      93 8 (c«n»v'kfl) JULY 1989 AUGUST 1989 (current month) (forward month) RAS NOON NOON S«M«'» Bwyart S*ll*n SSR 30 146 50 1 48 50N 146 50 148.50N SSR 50 144 50 1 46 SON 144.50 146 50N MRELB Bvy«<i S*M«r> SMR CV 236 50 238.50N ***** 240 50N SMR
      93 words
    • Article
      Lock icon Crude Oil and Products
      167 8 Telerate FUEL OIL prices took a tumole in the Singapore market. Sellers were heard asking prices around $91 rnt fob/cif Sing lor 2nd half July CST-180. Tone ot the market remained bearish and buyers ideas were below the $90 mt mark. Deals were reportedly done for
      Telerate  -  167 words
    • Article
      Lock icon Rubber
      365 8 Reuter SINGAPORE: RUBBER prices closed firmer yesterday with July 1 RSS quoted at 176.50 cents a kg. up three cents from Tuesday's close. Dealers said prices rose further on overseas short-covering interest in the afternoon. But trading was quiet in the absence of sellers. On the TSR-20 Award market,
      Reuter  -  365 words
    • Article
      RAS and MRELB
      264 8 RAS prices m s c«nt»/k 8 fob m f\— NOON CLOSE buyers Sellers Buyers Sellers Int 1 RSS Prompt 177.50 178.50N 178.50 179.50N Int 1 RSS July 89 175.50 176.50N 176.50 177 JON lot 1 RSS Aug 178.00 179.00N 179.00 180.00N lot 2 RSS OP 175.00 177.00N
      264 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      38 8 INDUSTRIAL BUILDING EN-BLOC FOR SALE Land area: 2,800 sm (30,138 sf) Strata area: 5,486 sm (59.050 sf) Tenure: Freehold 100% occupancy good investment opportunity in popular MacPherson Paya Lebar vicinity V\ DEBENHAM TEWSON CITY VALUERS PTE LTD *****12/*****84
      38 words
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      Page 8 Advertisements Column 2
      18 8 ESMSKfotfgppi^ *f *-->av& a v. j^Pimi •s--8 -4 m i r&&m >-M U v* rV? c* fVy Si*
      18 words
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  • ADVERTISING & MARKETING
    • Article
      Sentosa getting a new theme for a new era
      285 9 "SENTOSA, Discover A World of Your Own" this will be the new advertising theme for Sentosa for the next two years, in place of the current theme of "Singapore's Discovery Island". The new theme will "capture the essence of Sentosa as
      285 words
    • Article
      Offer aimed at leaving clients starry-eyed
      296 9 COURIER SERVICE TNT Skypak International is making secretaries see stars with its recently launched advertising campaign. Costing about $60,000, the campaign is expected to push this year's turnover up by about 30 per cent. Basing the campaign on the argument that bosses delegate to
      296 words
    • Article
      Christian Dior agent confident of client loyalty
      305 9 LOCAL CLIENTS will stand by Christian Dior, come what may. Or so says Tan Kim Boon, product manager of Hagemeyer Marketing, Dior's sole agent and distributor in Singapore. His statement follows a recent announcement that long-standing artistic director Marc Bohan has been replaced
      305 words
    • COPY LINES
      • Article
        Johnson & Johnson's unveils award winner
        143 9 Johnson Johnson's unveils award winner JOHNSON JOHNSON'S has launched a $300,000 US-made commercial aimed at tugging the heartstrings. Portraying the feelings of a mother as she holds her baby for the first time, the ad recently won an award at the 18th Annual Mobius Awards, an international broadcast advertising event.
        143 words
      • Article, Illustration
        Melwani's out to create active image for Ellesse
        121 9 MELWANI'S is spending $250,000 on an advertising campaign to create a young and active image for its agency line, Ellesse. The campaign, which highlights Ellesse's sporty and casual range, will span the next 18 months. Handled by ad agency Backer Spielvogel Bates,
        121 words
      • Article
        Play equipment dealer has high hopes
        94 9 A COMPANY dealing in outdoor play equipment is expecting its turnover to almost double to $900,000 with the addition of a new item to its product list. Parks Play, agent for the Finnish playground equipment manufacturer Lappset, will market a "Skateboard Ram" in the
        94 words
    • Article
      Boom time for luxury watchmakers
      435 9  -  DEMAND MAY ACTUALLY EXCEED SUPPLY BY 25pc, SAYS INDUSTRY INSIDER By SANGEETA MULCHAND THE BOOMING ECONOMIES in the world s major watch markets have led to demand for luxury watches outstripping supply in the last two years. Indeed, the demand for luxury watches may be
      435 words
    • Article
      Rado Watch discovers winning combination
      474 9 By JOHN TAN BETTER PRICING through improved design. That was the strategy which Rado Watch used to boost its worldwide sales by more than 40 per cent over the past two years. In an interview with BT, Rado's president, Roland Streule, said the management decided
      474 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      7 9 Keep your investment decisions on target T
      7 words
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      Page 9 Advertisements Column 2
      125 9 V nRK BETWEEN a. EUROPEAN COUNTRIES InD AlRlines assures efficiency nM TMTrROUND AND RELIABILITY IN THE AIR. ON THE AND BU ilt with the coopfration of Airbus was des gned a™ offfr a full range of state-of 4 EUROPEANCOUNTRIES A 3 10. A 320 AND THE THF ART Al r
      125 words
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  • PERSPECTIVE
    • Article
      South-east Asian NIEs in the wings
      566 10 BUSINESS TIMES THURSDAY, JUN? 15, 1989 FIRST DEPUTY Prime Minister Goh Chok Tongs call to Japan to help make Asean the first regional group of newly-industrialising economies brings together a number of ideas which separately have underpinned the economic development of East Asia over
      566 words
    • Article, Illustration
      Preparing the young for a vocation
      2467 10  -  The generation of young Singaporeans who grew up under an American/British model of general liberal education will soon be sending their children through a different system as Singapore changes tack on the education front. It is looking now to the Swiss and Germans, Europe's
      2,467 words
    • Article, Illustration
      How the industrial heavyweights train
      430 10 The Swiss experience EACH OF the 26 cantons of Switzerland has devised their own education system so that there is no single Swiss model as such. But certain common characteristics can be made out of the different systems. As in the German system, kindergarten is
      430 words
    • Article, Illustration
      Lock icon Consolidating control over the economy
      1031 11 The China question IHT CHINESE LEADERS will be attempting, over the next few months, to consolidate economy control within a few strong hands, according to foreign bankers and China analysts. The strategy is likely to enhance the position of such large organisations as the Bank
      IHT  -  1,031 words
    • Article, Illustration
      The German experience
      511 11 How the heavyweights train THE BIG CHOICE comes early for Ger- man children. Four years into primary school at the age of 10, the child must i pick one of three streams to continue his studies Gymnasium (grammar i school). Realschule (general secondary school) or Hauptschule (junior
      511 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      428 10 Connection" The 2nd presentation of the Internepcon/Semiconductor International Malaysia Exhibition from 25 28 July 1989, will bring together the biggest, most authoritative line-up of electronics and semiconductor equipment and materials manufacturers and suppliers... in one venue over 4 business-packed days... to help you gear up for a better margin on
      428 words
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      Page 10 Advertisements Column 2
      5 10 The German Experience, PAGE 11
      5 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      10 11 M anagers ust anage BT shows you how every Monday.
      10 words
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      Page 11 Advertisements Column 2
      98 11 W: GETTING THE RIGHT PEOPLE AT THE RIGHT TIME r:_ TUF p. rHX place right away! thatsthe to the rig n Aerospatiale helicopters in area with a real commitment to part THE Asia Pacific af designs and manufactures nership |copters our 20 years nc PARTNERSHIP EXPERIENCE WITH ASIAN COUNTRIES WAS
      98 words
  • Page 11 Miscellaneous
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  • LEISURE
    • Article, Illustration
      Lock icon New respect for the Germans
      515 12 WINE NYT WEST GERMAN winemakers, heady from creating a Riesling revolution at home, are gearing up to export that revolution to the United States. Many in West Germany's wine trade think Americans will soon grow tired of chardonnay and sauvignon blanc. So do many California
      NYT  -  515 words
    • Article
      Lock icon Man who gave England modern dance dies
      219 12 OBITUARY NYT ROBIN HOWARD, who helped establish modern dance In England as the founder of the London Contemporary Dance Theatre, died on Sunday at the University College Hospital in London, where he was admitted last week after a heart attack. He was 65
      NYT  -  219 words
    • Article, Illustration
      Lock icon Cashing in on the year's box-office hits
      704 13 TOY INDUSTRY NYT WHILE Batman, Ghostbusters II and Indiana Jones and the Last Crusade light for mastery at the box office this summer, toy Batmobiles, ectoplasm and bull whips will compete for display space on store shelves around the world. Feasting on the
      NYT  -  704 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      943 12 COURVOISIER VS.O.P~WIiO2K T€ ENTERTAIN I Our Dian Xin buffet lunch spread will olso include authentic Cantonese dishes like Braised Beef Brisket in brown sauce, Red Braised Chicken in vinegar, Fried Black Fungus with shredded meat.... Enjoy rich wholesome Dian Xin specially prepared by our Hong Kong chef daily, Price: Ssl2
      943 words
    • Advertisement
      Page 12 Advertisements Column 2
      155 12 M FATHER'S DAY JUItE 18.12 noon-2.30 pm At The Mandarin, there are many ways to show Dad how much you appreciate him. I I 333 Orchard Rosd. Singapore 0923 Tel 737 4411 ICECREAM 3^** A gorgeous choice of flavours awaits you. In tempting colours. FRUIT JUICE A wide variety served
      155 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      201 13 1 I APPY early evening Happy Hours at The Fountain Lounge are simply delightful For every drink you order you get the next one free. Phui, you get 25% off bottle purchases. And to make sure you re totally happy, there 's great music to listen to. Happy Hours: spm
      201 words
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      Page 13 Advertisements Column 2
      41 13 Prestige De La France Courvoisier is the only cognac house ever, to receive Franco's Highest Award for Quality. tmS iCHVMf T W j»-* j?/ fkß •:<& V S O P 1 s ou y, c <z. 9k~ W(A' ■re? i. COGNAC COURyOISIER >?/
      41 words
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      Page 13 Advertisements Column 3
      117 13 d§o to There is o little bit of Indonesio right here in Singapore Sa'ero Indonesia Bagindo, Singapore's only authentic Indonesian Nasi Padang res for lunch and taurant Even our chefs come from the Indonesian town of Podong. be back before (If you haven't already guessed, that's where Nasi Padang origi
      117 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      680 13 WZKH CRYPTIC PUZZLE ACROSS 4 Maintenance of a more costly stronghold (6) 7 Where to fly the flag for a master or saint (4. 4) 8 Mostly flimsy objects (6) 10 Wild romps in the Albert Halt (5) 13 Knotted tape useful in the garden (4) 14 Wrestling tor a
      680 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1300 13 TV and RADIO To the beat of a drum Kodo: Heartbeat Drummers of Japan on SBC 12 at 9.30pm OUR CHOICE KODO: HEARTBEAT DRUMMERS OF JAPAN, 9.30pm, SBC 12 Kodo: traditional and contemporary Japanese drumming at its best. Kodo: the name of a group of young musicians and dancers. Kodo,
      1,300 words
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  • SPORTS
    • Article, Illustration
      Lock icon Pistons end Lakers' rule
      352 14 BASKETBALL AP THE Detroit Pistons swept away the Los Angeles Lakers' decade of dominance and ended a 41year title drought on Tuesday. Most Valuable Player Joe Dumars, who averaged 27.3 points in the finals, scored 23 points in Detroit's 105-97 victory, giving the Pistons a 4-0
      AP  -  352 words
    • Article
      Lock icon Lendl powers through
      184 14 TENNIS UPI WORLD NUMBER ONE Ivan Lendl powered his way to the second round of the U*****,000 Queens Club grass court tennis championships on Tuesday, but not before a first-set scare from 26-year-old Swede Tobias Svantesson But Wimbledon champion Stefan Edberg's tennis world was rocked by a
      UPI  -  184 words
    • Article
      Lock icon Dispute over PGA rules continues
      294 14 GOLF UPI THE RIFT BETWEEN European players and the PGA grew wider on Tuesday following a fruitless meeting involving top overseas golfers and PGA commissioner Deane Beman. European stars Seve Ballesteros, Sandy Lyle, Nick Faldo and Bernhard Langer and Japan's Isao Aoki met the commissioner
      UPI  -  294 words
    • Article
      Lock icon Johnson admits lying, wants second chance
      213 14 BEN JOHNSON INQUIRY AP BEN JOHNSON said he lied about cheating at the Seoul Olympics until now because "I was ashamed for my family and friends" and begged for another chance to compete for Canada. "I was just in a mess," the sprinter told
      AP  -  213 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1643 14 CREDIT CORPORATION (SINGAPORE) LIMITED NON-CURRENT ASSETS Fixed assets CURRENT ASSETS Amounts due under hire purchase, leasing, factoring of trade debts accounts receivable financing property financing, loans and advances Assets on lease Trade debtors Other debtors Statutory deposit with Monetary Authority of Singapore Singapore Government Securities and Treasury Bills Bills purchased
      1,643 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Metal Containers shareholders face hard decision
      628 15 Mm HOCK LOCK SIEW SHOULD SHAREHOLDERS of Metal Containers Ltd (MCL) support their directors' decision to sell a 20.17-per cent stake in M C Packaging (Hongkong) to Lam Soon (Hongkong) Ltd? This is not easy to answer. In less than two weeks MCL shareholders
      HOCK LOCK SIEW  -  628 words
    • Article
      Berjaya profit more than doubles
      435 15  -  By MAGDALENE NG THANKS TO CONTRIBUTIONS from Malaysian subsidiaries. Berjaya Corporation (M) Bhd has posted a 132 per cent rise in profit after tax and minorities to M 524.7 million for the year ended April 30. 1989 from M 510.66 million previously. This was achieved
      435 words
    • Article
      Lock icon Maybank again number one Malaysian bank
      320 15 NST MALAYAN BANKING Bhd has retained the much-coveted position as the leading Malaysian bank in terms of size and profitability. The 1989 edition of Arab-Ma-laysian Merchant Bank Bhd's Kuala Lumpur Banker s Directory listed Maybank as the country's top bank among 23 local banks
      NST  -  320 words
    • Article
      Central Properties recovers investments in NBB
      366 15  -  PAYMENT BELIEVED TO HAVE COME FROM KHOO TECK PUAT By ELAINE KOH CENTRAL PROPERTIES, the tightly-held listed holding company of fugitive tycoon Khoo Teck Puat. has received $5.68 million from an unnamed shareholder for what the group lost from its stake in the defunct
      366 words
    • Article
      Kamunting signs deal to buy KSM for M$592m
      373 15  -  By WILLIAM CHIA KAMUNTING CORPORATION I Bhd said yesterday that it exe- I cuted a sales and purchase agreement with the receivers of Koperatif Serbaguna Malaysia (KSM) to purchase all of KSM s assets for M 5592 million. The agreement, which was
      373 words
    • Article, Illustration
      MMC discussing terms for China ventures
      326 15 MALAYSIA MINING Corporation Bhd is discussing terms for two joint mining ventures in China. MMC provided details of the ventures in a letter to the Kuala Lumpur Stock Exchange earlier this week, in response to a newspaper article. Last October, MMC signed a letter
      326 words
    • Article
      Lock icon MBfH's Plaza sale will reduce its gearing
      307 15 MBT MBf HOLDINGS' (MBfH) total group borrowings will be reduced to Msls4 million from Ms2l4 million after its sale of 19 floors of Plaza MBf in the "Golden Triangle' district of Kuala Lumpur. This means that the group's gearing (total borrowings over shareholders
      MBT  -  307 words
    • Article
      'Paragon project' will be UIC's core business
      382 15 THE "PARAGON PROJECT" will form United Industrial Corporation's core business when it is completed while its disastrous venture into coffee trading will be wound up by June this year. While the property project in Orchard Road goes through its "gestation period" over the
      382 words
    • SES
      • Article, Illustration
        Share market recovers its confidence to end higher
        1135 16  -  by JOSEPHINE CHAN RENEWED CONFIDENCE in the local stock market continued to push share prices to a higher close yesterday After a weak start, the market's barometer, the Straits Times Industrials Index, crept up steadily to finish 14.63 points higher at 1,298
        1,135 words
      • Article
        Unit trusts
        358 16 Monageri' prices OCBC-SIMBL Investment for June 15 Sovers Capitol fund 1 00 1 05 Savors Trust fund 099 104 Singapore Unit Trust OUB Investment Mgt The Commerce The Savings Fund S'pore Prog fund S'pore Sec Fu«j S pore Invest Fund 1 10 099 045 075 081 i i/
        358 words
      • Article
        COMPANY MEETINGS
        43 16 AMCOL HOLDINGS LTD: AGM at 110 Middle Road. #03-01, Chiat Hong Building. Singapore 0718. today at 11.00 am HONG FOK CORPORATION LTD: 21st AGM at the Registered Office, 360 Orchard Road, #07-08 Internatioanl Building, Singapore 0923. today at 11 00 am.
        43 words
    • Article
      SES SHARE INFORMATION
      6253 16 1969 Tel High Low Code Company Gr'a Or*® Vol Day Last Quote Dlv DW Y*ld Net M Cap Sale or- ('000) High Low Buyer Seller C'vr p E JUN 14 DEBENTURES, BONOS, LOANS 284 124 X 1543 CK Tang Wt 1990 45% 14% X 1500 Chuan Hup
      6,253 words
    • KLSE
      • Article, Illustration
        Focus on motor issues
        3974 17 MOTOR and property counters yesterday attracted the bulk of interest on the Kuala Lumpur stock market which finished firm in more active trading. It was the second day in which motor stocks, particularly Tan Chong. were actively traded The volume leader rose 8 sen to M
        3,974 words
    • REGIONAL MARKETS
      • Article
        Lock icon NZI expected to raise bad debt provisions
        517 18 ANALYSTS EXPECT RELAUNCH OF RIGHTS ISSUE Reuter NEW ZEALAND finance and insurance group NZI Corp is likely to make increased bad debt provisions and relaunch a rights issue in reporting its March year result tomorrow, said stock market analysts. But tull-year losses are
        Reuter  -  517 words
      • Article
        Lock icon Labour shortages lead to more Tokyo bankruptcies
        263 18 UPI BUSINESS FAILURES in Japan caused by labour shortages increased sharply in May, reflecting robust expansion of the domestic economy, a private credit research company said yesterday. Bankruptcies caused by the appreciation of the US dollar against the yen increased by 10 to
        UPI  -  263 words
      • Article, Illustration
        Lock icon Broadly higher finish
        535 18 Tokyo Reuter INDEX-LINKED buying by investment trust funds and arbitrageurs reversed an early bearish trend to leave Tokyo share prices broadly higher in very light trade yesterday. Lower-priced stocks and issues linked to environmental protection drew buyers in an otherwise dull day. brokers said. •'lt's a matter
        Reuter  -  535 words
      • Article, Illustration
        Lock icon Shares fall
        530 18 Australia Reuter HIGH domestic interest rates and concern ahead of the release of key economic data led the Australian shares to a lower close yesterday, brokers said. They noted that another factor behind the market's lacklustre performance was the 15-point fall on Wall Street overnight. There was a
        Reuter  -  530 words
      • Article, Illustration
        Prices end higher in thin trade
        1326 18 Hongkong HONGKONG share prices yesterday firmed in one of the thinnest trading days seen since political turmoil erupted in Beijing just over a week ago. The Hang Seng ended 25.29 points higher at 2.380.48. recouping losses of about 25 points Just after the opening.
        1,326 words
      • Article
        Lock icon Bangkok: Index up
        158 18 Reuter THE Stock Exchange of Thailand Index yesterday rose 0.93 points to 575.01 points on a turnover of 10.005.791 shares valued at 949.09 million baht. JUNE 14 ■ACT Ao Kham Thai Ayudhya Invaatmai Bangkok Agro-lnd 402 38 75 62 50 -2 -0 25 -2.5 Bangkok Bank Bank
        Reuter  -  158 words
      • Article
        Lock icon Taipei: Gains extended
        439 18 Reuter SHARE PRICES in Taiwan extended gains yesterday after banking and blue chip issues pushed the index higher, brokers said. The weighted index jumped 232.26 points, or 2.4 per cent, to close at 9 743 51 compared with Tuesday s 9.511.25f1ntehTurnover rose to NT599.19 billion from NT596.22
        Reuter  -  439 words
      • Article
        Lock icon New Zealand: Firmer
        194 18 Reuter THE New Zealand share market closed firmer on reasonable volume yesterday after initially losing ground in the morning session. But brokers said there was good underlying support for leaders which prevented the market from sliding too far. They expect sentiment to remain bullish although this is
        Reuter  -  194 words
      • Article
        Lock icon Bombay: Active trading
        171 18 Reuter BOMBAY share prices finished lower yesterday on end-of-account considerations in active trading, brokers said. They noted that stateowned financial institutions were heavy buyers for the third day in a row but there was no investor support. "Profit-takers held the upper hand,'* a broker said. "End-of-ac-count was
        Reuter  -  171 words
      • Article
        Lock icon Manila: Lower finish
        172 18 Reuter PHILIPPINE shares closed generally lower yesterday after interest generated by a newly-listed issue and a speculative oil stock failed to perk up the market from a general slack, brokers said. Manila's composite index gained on a marginal rise in oils to end at 1,043.35 from Tuesday's
        Reuter  -  172 words
      • Article
        Lock icon Nippon Columbia in Europe
        73 18 Reuter NIPPON COLUMBIA Co Ltd will start marketing car radios in Europe in September, a company spokesman in Tokyo said yesterday. The Japanese audio manufacturer will market two models of radio and data signal receivers, DCR-700R and DCR-900R, through its wholly-owned Oenon Electronic GmbH unit in
        Reuter  -  73 words
      • Article
        Lock icon Cltoh expects rise in group net profit
        104 18 Reuter c ITOH and Co Ltd is expecting group net profit to increase to 33 billion yen in the year ending March 31. 1990, from 30.44 billion a year earlier, a spokesman for the trading firm said. Sales in 1989/90 are estimated at
        Reuter  -  104 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Stocks finish lower
        819 19 New York Reuter CONCERN that a robust dollar may crimp overseas sales of US multinational pharmaceutical companies knocked down Wall Street stocks on Tuesday. A sharp drop in bond prices also contributed to the decline, although blue chips managed to trim some of their losses on bargain-hunt-ing
        Reuter  -  819 words
      • Article, Illustration
        Lock icon Equities open easier
        879 19 London Reuter LONDON SHARES opened weaker yesterday in reaction to a 15-point fall on Wall Street but a steadier sterling was prompting some bargain hunting, dealers said. At 0834 GMT, the FT 100 was 9.7 points down at 2113.3 on moderate turnover of 68.1 million shares. On
        Reuter  -  879 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1310 19 Reuter FRANKFURT: West German shares closed mostly firmer yesterday, with Tuesday's technical correction brought to an end by continued lively demand for utilities, dealers said. But chemicals, smaller banks and electronics groups failed to benefit from the day's gentle upturn. The real-time 30-share OAX index ended at
        Reuter  -  1,310 words
      • Article
        Lock icon Securities firms plead guilty in Gold Fields case
        759 19 SMITH NEW COURT, JAMES CAPEL FIRST TO BE CHARGED UNDER COMPANIES ACT FT SMITH NEW COURT and James Capel. both leading securities firms, yesterday pleaded guilty to charges concerning failure to disclose interests in the shares of Consolidated Gold Fields, the diversified
        FT  -  759 words
      • Article
        Lock icon Prudential-Bache to buy Thomson Mc Kinnon
        242 19 Reuter WALL STREET brokerage firm Prudential-Bache Securities Inc has said it would buy Thomson McKinnon Securities Inc, creating a Wall Street powerhouse to be called Prudential-Bache-Thomson. Exact terms of the deal were not disclosed. Prudential-Bache, subsidiary of New Jersey-based Prudential Insurance Company of America,
        Reuter  -  242 words
      • Article
        Lock icon Big Spanish firm changes investment strategy
        186 19 FT TORRAS HOSTENCH, one ol Spain's biggest industrial holding companies in which the Kuwait Investment Office (KIO) has a 40 per cent stake, is making far-reaching changes in investment strategy which could involve substantial withdrawals from two of its prime industrial sectors paper and
        FT  -  186 words
      • Article
        Lock icon Investors not too keen on buying Sears Tower
        483 19 Reuter SEARS. ROEBUCK and Co s efforts to sell its Sears Tower headquarters, the world's tallest building, have met with only lukewarm interest from potential buyers, and the company probably will not command the premium price tag it may have once expected,
        Reuter  -  483 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      132 15 WanW«torj2i Distv» b »S|SSgS 1 11 —'I We're marketing an exciting new advertising medium known as approach electronics. It's a one-way mirror that flashes an audio-visual display as customers approach it. Picture by picture, message by message, in perfect synchronisation. And every picture is a selling opportunity for a captivated
      132 words
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      Page 15 Advertisements Column 2
      702 15 .@$[(]}(%'<,,_@";]:@~`\{\"="}-: UNITED INDUSTRIAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 30 June 1989 at Shangri-La Hotel, Summit Room, Orange Grove Road. Singapore 1025 at 9.30 a m. or,
      702 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      356 18 NOTICES SOAR ELECTRONIC SINGAPORE PTE. LTD. (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING x NOTICE is hereby given t that pursuant to Section j 308 of the Companies Act. j Chapter 50, a Final General Meeting of the Members of the abovenamed company will be held at the
      356 words
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      Page 18 Advertisements Column 2
      336 18 OFFICIAL NOTICE 'ROPOSAL TO CHANGE OF SHIP'S NAME e, CTW Terminal Transit Pte Ltd of 110 Middle oad #07-01 Chlat Hong uilding. Singapore 0718, ;reby give notice that in jnsequence of our purmse of the motor vessel Baraka", we have applied the Registrar of Singaore Ships under Section 56 of
      336 words
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      Page 18 Advertisements Column 3
      463 18 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF LIONTEX PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50, that the Final Meeting of the abovenamed Company will be held at Unit H, Lion
      463 words
    • Advertisement
      Page 18 Advertisements Column 4
      187 18 MAIGEN CONSTRUCTION PTE. LTD. (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, a Final General Meeting of the Members of the abovenamed company will be held at the office of M/s. Gui Kim Young
      187 words
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      Page 18 Advertisements Column 5
      83 18 Authentic Japanese Cooking Made Easy Japanese cooking can be easy lananese Cookery shows you how Find out the secrets of this great culinary tradition. written for the non-Japanese reader, Japanese Cookery y t contains more than 100 Y f > A a >• authentic recipes that are hearteningly easy to
      83 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      157 19 ASEAN BfTTULU FEHTUZER SDN. BHD TENDBI NOs MTC/M/88 SECOND HAND AIfTOMATC Tenders are invited for the purchase or 2 secondjiand Automatic Bagging Lines ex-ABF factory on AS IS WHERE B BASIS" The bagging Ine Is tor automatic urea packing to bag gathering. The Inee are about 4 years operational condition
      157 words
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  • Article
    Lock icon Chinese police capture two fugitive student leaders
    487 20 NATIONWIDE MANHUNT AS HARDLINERS' GRIP TIGHTENS VWThe I China question Reuter AFP THE CHINESE authorities yesterday announced the arrest of two of 21 fugitive students accused of heading the pro-democracy movement and highlighted the example of one young woman who had turned her
    Reuter; AFP  -  487 words
  • Article
    Lock icon Japanese ventures in China qet back to business
    287 20 Reuter OPERATIONS at Japanese business ventures in China are returning to normal following China's crushing of pro-democ-racy protests, government and company officials said in Tokyo yesterday. "Almost all ventures were back to normal earlier this week." a Ministry of International Trade and
    Reuter  -  287 words
  • Article
    Hongkong councillors take the fight to London
    480 20  -  By FOO CHOY PENG Hongkong Corrospondont AS PART OF A growing campaign to win over British public and political opinion, Hongkong's top councillors are taking to London their fight for the right of abode for the colony's British subjects. The colony's two most
    480 words
  • Article
    Asean-CCI to promote Joint ventures
    227 20 STEPS WERE taken by the Asean Chamber of Commerce and.lndustry to promote Asean Industrial Joint Ventures (AIJV) during meetings held in Bali, Indonesia, which ended last Friday. In a statement released yesterday, Mr Linn In Hua, president of the Singapore Federation of Chambers of Commerce
    227 words
  • Article, Illustration
    Royal audience for Chok Tong
    266 20 FIRST Deputy Prime Minister Mr Goh Chok Tong and Mrs Goh yesterday had an audience with Emperor Akihito and Empress Michiko of Japan. The afternoon audience with the royal couple was originally not on the programme and Mrs Goh who was scheduled to visit Yokohama
    266 words
  • Article
    Lock icon First reading of Thai amendment passed despite unhappy military
    315 20 UPI THE THAI Parliament, despite abstentions from many appointed military members, yesterday passed the first reading of a constitutional amendment increasing the power of the elected Lower House of Parliament. The amendment, when it passes two further readings, will give the
    UPI  -  315 words
  • Article
    Lock icon Japan and US end 'Super 301' trade talks with little headway
    409 20 Reuter TALKS BETWEEN Japan and the United States aimed at preventing further escalation of trade friction ended with little apparent progress yesterday. I Japan refused to enter direct talks on three key trade areas over which the US has
    Reuter  -  409 words
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    Lock icon High dollar may undercut correction of Japan trade gap
    331 20 Reuter A 27 PER CENT narrowing of Japan's trade surplus announced yesterday could be a sign that the nation's embarrassingly large gap between exports and imports was finally closing, economists said. A 19 per cent drop in its May surplus with
    Reuter  -  331 words
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    Lock icon S Korean investments abroad up
    126 20 Reuter SOUTH KOREAN firms invested US$l5l million abroad in the first five months of this year, more than double the US$74 million in the same period last year, owing to rising wages at home and the won's appreciation, Bank of Korea officials said. By region,
    Reuter  -  126 words
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    Lock icon OECD's April prices show highest rise since '82
    478 20 AFP CONSUMER PRICES showed the highest monthly increase since 1982 last April in the 24 mem-ber-countries of the Organisation for Economic Cooperation and Development, lifting the 12month inflation rate to 5 per cent for the first time in four-and-a-half years, the OECD
    AFP  -  478 words
  • Article
    Gorbachev mobbed by well-wishers
    95 20 KREMLIN chief Mikhail Gorbachev was mobbed by West German well-wishers yesterdsy for the second successive day as he visited Stuttgart to view the high technology he needs to modernise his economy. Thousands of people in the capital of West Germany's richest and most technologically advanced state.
    95 words
  • LATE FILE
    • Article
      Lock icon 'Don't jeopardise Umno integrity'
      45 20 Bernama MALAYSIAN prime minister and Umno president Datuk Seri Dr Mahathir Mohamad told a news conference in Kuala Lumpur yesterday that he wants party members to ensure that Umno's integrity is not jeopardised during the party's branch and divisional elections. Bernama
      Bernama  -  45 words
    • Article
      Lock icon More tourism ' forex for Jakarta
      51 20 More tourism forex for Jakarta Bernama INDONESIAN director of tourism Joop Ave told a seminar on air services in Jakarta that compared with Malaysia, which earned some US$6OO million from three million foreign tourists last year, Indonesia, with 1.3 million foreign visitors, managed to earn US$l billion in foreign exchange.
      Bernama  -  51 words
    • Article
      Lock icon 'LDP handling of scandal no good'
      48 20 Reuter MOST Japanese are unhappy with the ruling Liberal Democratic Party's handling of the shares-for-favours Recruit scandal. The LDP's handling of the scandal was considered inadequate by 82 per cent of respondents to the poll, conducted by the Asahi Shimbun daily. Reuter
      Reuter  -  48 words
    • Article
      Lock icon New Arab bloc holds first meet
      36 20 Reuter LEADERS of Egypt. Jordan, Iraq and North Yemen begin their first official summit meeting in Cairo today to consolidate a new economic bloc, the Arab Cooperation Council (ACC). Reuter
      Reuter  -  36 words
    • Article
      Lock icon Crime spiralling in Soviet Union
      62 20 AP SOVIET crime is up by 32 per cent so far this year and thousands of criminal gangs are flourishing under loosened controls and worsening consumer shortages. This year's crime wave stems largely from the "relaxing of discipline" and empty store shelves created by current
      AP  -  62 words
    • Article
      Lock icon Rene sheds several portfolios
      52 20 Reuter SEYCHELLES President Albert Rene yesterday stripped himself of key ministerial portfolios in a Cabinet reshuffle following his election to a third five-year term at the weekend. He dropped the finance, external affairs and tourism portfolios but remained as minister for industry. environment, defence and legal
      Reuter  -  52 words
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      Lock icon Rebel ambush
      69 20 AFP SRI LANKA's dominant Tamil separatist guerilla group said it killed 14 Indian soldiers and lost one of its own fighters in a fierce gunbattle in the island's northern jungles yesterday. The Liberation Tigers of Tamil Eelam (LTTE) said its guerillas ambushed Indian soldiers on a "search-and-destroy mission"
      AFP  -  69 words
  • Page 20 Advertisements
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      183 20 The art of fine living. Beautifully furnished dining rooms, separate fully equipped kitchens, elegant one or two bedroom suites right in the heart of Orchard Road. At The Ascott, we take pride in giving our clients their own home. A spacious, private living environment that offers the ultimate in luxury
      183 words
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      126 20 r—|MM O M' JLW Investments Under Instructions From Changi Bus Company Re Ltd For Sale By Tender COMMERCIAL DEVELOPMENT SITE at Changi Road/Lorong 106/Lorong 107 7 1 Freehold Tenure Pan-island Expressway The Subject Site East Coast Parfcway il Site Area 3502.5 EunosMßT SQ.fTI. I Commercial Zone ims Avenue Chang. Rd
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  • SHIPPING TIMES
    • PORT SIDES
      • Article
        Curtain to ship antique aeroplanes
        121 21 CURTAIN Brothers Marine Engineering will sponsor the delivery of three antique aeroplanes, now placed at Jurong Marine Base, to Australia this month. The aeroplanes, previously on display in Sentosa, were dismantled in mid-March and will be exhibited at the Queensland Air Museum, Brisbane. In April.
        121 words
      • Article
        Lock icon Ore ship completes repairs
        47 21 Reuter THE 116,524 dwt Panamanian ore carrier Salpuri, which ran aground in the Orinoco river, Venezuela on April 28 and again on May 2, was refloated on June 5 and is completing temporary repairs at mile 178, Lloyds Shipping Intelligence Service reported. Reuter
        Reuter  -  47 words
      • Article
        Lock icon Tazara expects increased traffic
        103 21 Reuter THE Tanzania-Zambia Railway Corp (Tazara) expects freight traffic will rise to 1.3 million tonnes in 1989/90 (July/June) from 1.1 million tonnes in 1988/89 as demand for its services from neighbouring states increases. Tazara general manager Standwell Mapara said in his 1989/90 budget report that landlocked
        Reuter  -  103 words
      • Article
        Lock icon Cypriot bulk carrier grounded
        55 21 Reuter THE Cypriot bulk carrier Prigipos, 27,507 tonnes dw, has been hard aground in the Orinoco fiver since June 10, Lloyds Shipping Intelligence Service reported. It is carrying a cargo of cargo 23 000 tonnes of steel fabrications. The ship s forepeak, no 1 hold and
        Reuter  -  55 words
      • Article
        Lock icon Five missing after boat sinks
        92 21 AP ONE seaman died and five others were missing on Tuesday after their fishing boat capsized between the Orkney and Shetland islands north of Britain. The 21-metre Majestic capsized while out trawling with a sister vessel, Mystic. A Coast Guard helicopter plucked four men from
        AP  -  92 words
    • Article
      Stolt completes purchase of Interchem
      228 21 STOLT Tankers and Terminals has completed the purchase of Interchem Shipping from Louis Dreyfus, and has taken delivery of the first ship, Stolt Bahia. The remaining nine ships owned by Dreyfus will be delivered by the end of this month. Stolt has formed Stolt-Nielsen Inter
      228 words
    • Article
      Index to advertisers
      826 21 ABC Contoinerline XI 5 Accord Shpg VIII 3/4 Aoow lines XI 5 ANl IN 1/2 ATC line VII 5 API V 3 5 ASCI V 1 Australia line VH 1 Bolt Canada tin# IX 4/5 Bolt-Orient line IX 4/5 Baltic Orient Shpg XI 4 Bangladesh Shpg VII
      826 words
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      Lock icon Dockers' strike shows signs of weakening
      172 21 Reuter AN unofficial strike by British dock workers showed signs o( weakening on Tuesday when workers at two ports voted to return to their jobs. About a third of Britain's 9,400 registered dockworkers have defied trade union leaders and management by joining an all-out
      Reuter  -  172 words
    • Article
      Anera to start rate restoration exercise today
      247 21 THE ASIA North America Eastbound Rate Agreement (Anera) has decided to proceed with the second stage of its 1969 rate restoration exercise. From today, tariffs on cargo moving from Singapore, Hongkong, South Korea and Taiwan to the United States will be raised by
      247 words
    • Article, Illustration
      Cargo Gulf starting weekly service to Middle East ports
      415 21  -  By LINDA CHEE CARGOGULF, a subsidiary of the Gulf Agency Company (GAC), is bringing to Singapore its weekly fixed-day consolidation service to Middle East ports starting June 29. The leading NVOCC operator provides a dedicated service for cargo originating from major
      415 words
    • Article
      Australian jute trade likely to drop further
      490 21  -  By RAHITA ELIAS THE decline in the jute trade between the Indian Subcontinent and Australia is expected to continue in the years ahead. In the *****, some 60,000 tonnes ot finished jute products were traded annually, compared with 16.000-20.000 tonnes today, said Mr
      490 words
    • Article
      Lock icon Paint makers quietly benefiting from box boom
      1574 22 Cargoware International AS BOX production has soared, the manufacturers of coatings have quietly benefited. From their past preoccupation with optimum technology, the emphasis is now on market share. Possibly in keeping with the protective nature of their product, container coatings' suppliers and manufacturers
      Cargoware International  -  1,574 words
    • Article
      Lock icon Idemitsu Kosan to lift Iraqi crude oil from Faw
      304 22 Reuter IDEMITSU Kosan Co Ltd will be the first Japanese company to lift Iraqi crude oil from the Faw peninsula, deep in the Mid-East Gulf, since the Gulf war ended last August, a Japanese company official said. The refiner and distributor
      Reuter  -  304 words
    • Article, Illustration
      Port Conditions
      297 22 All surveys were conducted on May 31. ASIA Bangladesh: Chittagong 25 vessels operating. Mongla 17 vessels operating. India: Calcutta and Madras Waiting time of up to five days. Cochin Waiting time of up to two days. Kandla Waiting time of up to 12 days. Bombay Waiting time of
      297 words
    • Article
      Lock icon ICS sees continued profitability
      200 22 AFP CONTINUED improved profitability is a "realistic expectation" for the shipping industry, according to the London-based International Chamber of Shipping (ICS). The chairman's review, published along with the chamber's annual report for the 1988/1989 year, said the fortunes of the industry taken as a whole were
      AFP  -  200 words
    • Article
      Who acts for whom ...
      2315 22 Who acts for whom A— B AB Shipping Boueteed Shpg Agenciee (3) ABBS Una SMS Pte Ltd (SVTunea Sella (PK/KL) ABC Contslnerllne NV Fargo Shpg Co (3) Accord Shpg Accord Shpg (SVAccord Container Lin* (PK/PN) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceanua Shipping Agency (SVMuWport Sdn Bhd (PK)
      2,315 words
    • Article
      Calcutta port draws up desiltation plan
      314 23  -  By Shirish Nadkarnl THE Calcutta Port Trust (CPT) has worked out a Rs 1.7 billion desiltation plan to allow large vessels to enter the port and the Haldia Dock Complex through the River Hooghly Calcutta port is the only riverine port of India and
      314 words
    • Article
      London Freights
      754 23 FREIGHT market rates were generally little changed in quiet conditions on Tuesday, although an easier fixture was reported on the US North Pacific to Japan heavy grain route, brokers said. A fixture at US$l4, basis one combination port, I saw the rate for the route in the Baltic
      754 words
    • Article
      SHIPPING LIST where your ships are due...and when
      5842 30 AARHUS Anna Maersk. Maersk Line. June Ji 15 Tl Monte Rosa. Triot. June 15. 24 North Sea, Norasia Line. June 18 Al Ever Glamour. Evergreen. June R' 17. J; Ming Energy. Yang Ming, June 17. B Suria. ScanOutcht, June 19. Ville de
      5,842 words
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      SHIPS IN PORT
      1506 32 AT CONVENTIONAL WHARVES VmnI Voy No Borth Arrival Departure KEPPEL WHARVES Arbelo 1/89 K32 olongside 1606/ 1200 Joiogovind 2EB K35 alongside 17.06/ 0600 KopSilm 04 SB KI6 alongside 1606/0300 lovceo IS K29 alongside 1406/ 1900 Southern Gl 8E KI8 alongside 1406/1400 Str Pride 106 K27 alongside 1406/
      1,506 words
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      17 21 `<,.",}^(_{'![>[./{^~|~::?/}@[& For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821 Tlx: RS ***** BTAD
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      17 21 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
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      208 21 INTERMARIIIE SUPPLY CI (PTE) LTI TW: M9M33 (6 Nnm| TU IMCCO R*****6 Fax 2****** FH in someone overseas about Sfiigapore. <34'v^s®?Cto Go^'eVi^ f The Straits Times I Weekly Overseas 1| Edition. It's the weekly -i newspaper, printed on light weight paper in convenient I tabloid size. It carries business, economic,
      208 words
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      Page 21 Advertisements Column 4
      150 21 INSIDE Boom time (or AS BOX production has soared, the manufacturers of coatings have quietly benefited. From their past preoccupation with optimum technology, the emphasis is now on market share. PAGE II Iraqi crude oil lifting IDEMITSU Kosan Co Ltd will be the first Japanese company to lift Iraqi crude
      150 words
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      81 22 NOT ONLY... Far East/Southeast Asia to Jeddah, the Mediterranean area North Europe BUT ALSO... MM. The Arabian Gulf, India Pakistan 'Gulf Asia Line' is a new, independent and very cost-competitive container service from CMA. It provides a 10-day service frequency for FCL cargoes from the Far East/Southeast Asia to the
      81 words
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      1068 23 WW/ Pt'iliiiWi'il K 1 C^iwilifv JARDINE SHIPPING AGENCIES 200 Cantonment Road #12 05 Southpoint. Singapore 0208 Tel *****11 TELEX NO RS 241/9 TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHO PORT KELANG TEL *****18 Telei No MA***** MA***** PENANG TEL *****4 TELEX NO
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      Page 23 Advertisements Column 2
      916 23 Vessel Voy ETA 6' Singapore This week Ragina M Closing Time CV 20/6 0400 MRS CFS 19/6 1800 MRS RE GIN A M LAURA M LEXA M MCKINNEY M LEOA M MARIT M LtCA M MARCHEN M This wMh Regina M Closing Time CV 20/6 0400 HRS CFS 19/6 1800
      916 words
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      792 24 Page IV U Hapag-Lloyd ifl CONTAINER SERVICE TO UK/CONTINENT 1 P KELANG SOUTHAMPTON MONTE ROSA KAMAKURA LARGS BAY CITY OF EDINBURGH LONDON EXPRESS KASUGA 1 BONN EXPRESS CARDIGAN BAY HAMBURG BREMERHAVEN 4/7 677 ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN, AARHUS. GOTHENBURG. MALMO. HELSINKI,
      792 words
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      Page 24 Advertisements Column 2
      465 24 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMI-CONTAINER SERVICE TO rHBOUNO TO UKC BANK V 24N ISALA SAMOA V-ISN DEBANK V76N S PORE ROM/A DAM HBG HULL (U K.) 17/6 16/7 20/7 2/7 15/7 U/S 16/8 20/8 14/8 12/9 18/9 21/9 Acteplmg FCL to Ant»«rp Biwntn f
      465 words
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      1281 24 affli!l nit L 5U ALG/BCL ALX* P SAID'TRS' KOPER'VCE* ANC* AQABA* 10/7 11/7 12/7 13/7 19/7 20/7 21/7 22/7 23/7 24/7 25/7 26/7 29/7 30/7 31/7 1/8 REGULAR INDEPENDENT FULL CONTAINER SERVICE fO EUROPE (VIA FEEDER) I\J tunurt pen PKL SIN FLX HAM BRE ROT ANT LEH NORTH SEA 912-W
      1,281 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1310 25 SHIPPING TIMES, Thursday, June IS, 1989 Steamers Maritime Holdings Ltd W p Containers CONTAINER SERVICE TO UK/CONTINENT: LA IKS (AT CITY Of EDINBURGH KASUGA 1 LONDON EXPRESS CARDIGAN BAT BOND EXPRESS Also Accepting Cargo For: Haafcurt la CaimthMfn, AirAut. GoMtanfcurf. Halno. RotUrOaai It Antwfl. Amtartan. O.H. 2w** Bramnhavan la Braiaan
      1,310 words
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      Page 25 Advertisements Column 2
      994 25 a a..a uiiin i iiir WEEKLY EXPRESS INDEPENDENT CHU YANII LINt FAR EAST/EUROPE FUILT CONTAINERISED SERVICE CHOYANG CHANCE 042W HANJIN HASAN 049* HANJIN LEHAVRE 002W OUEEN SWAY BRIDGE 009W Alto accepting for Inland UK destination* Antwerp and Scandinavian port* QUEENSWAY BRIDGE 00(E CHOYANG PARK OQ2E HANJIN OAKLAND OttE CHOYANG SUCCESS
      994 words
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      Page 25 Advertisements Column 3
      123 25 PT. PELAYARAN MUTIARA SAMUDRA AGUNG ABADI JAVA 16/6 P. BARU/PERAWANG PALMA SEJATI 19/6 BATAM/P. BARU NUP 23/6 OUMAI/PCRAWANG 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 boats
      123 words
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      320 25 s£,Hai Sun Hup Co (Pte) Ltd TEL 2.*****6 (20 Lines) TLX R*****1 R520« 7 fc. KASTKIvN ("AH I.INKK LTD. STRUTS/ JAPAN/ STRAITS SERVICE PECIALIST IN RO-RO HEAVY LIFT! AMRTA V 3 In Port 17/6 ASIAN CLIPPER 116 For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG, TAIWAN CHINESE PORTS,
      320 words
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  • Page 26 Advertisements
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      652 26 IH SINOSE MARITIME PTE LTD EH ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN BAYAN PJL7OO Singapore loading for: BANDAR ABBAS KYOWA LINE MTROOUCING KYOWA FAST DIRECT B/BULK/CONTAINE R SERVICE FROM S'PORE/PK TO GUAM/SAIPAN AND MICROMESIA PORTS m 'A' VSL (TBN) •MICRONESIA PORTS DIRECT CALLS ON INDUCEMENT BASIS AND/OR
      652 words
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      Page 26 Advertisements Column 2
      693 26 HANJIN SHIPPING CO., LTD. f i N 'AINERISt:- SER\ t i I TO USA PACIFIC SOUTH WEST i EUROPE VIA SUEZ ANG CHANCE OttW W/6 IN HASAN OMW Hit IN LE HAVRE (B?W 1/7 N'S NAY BRIDGE (MM 1/7 TAR EAST POP^S N'S WAV BRIDGE <M ANC PARK Omt UN
      693 words
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      Page 26 Advertisements Column 3
      214 26 INTEROCEAN LINE 7®. 2nd Floor, Jalan *'71. Tamon Tuo Or tomoH. MOM KL. Tol: 71M734, *****84. *****20 TUX NO. MA-***** FAX: 03-7173*11 P»n«ng 00: Tot: 300*27, *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN LINE REGULAR UNER SERVCES iFORNGMTiv SAJL»MG MONG KONG PORT KELANG
      214 words
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      Page 26 Advertisements Column 4
      1026 26 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Ptu SGP HKG use KLfi pus "KTO«no»ALU«*iwjmifW|»cs2i i!BSS»SIBS!SSaBBS!S!SB:S-BS3:Sg M ul; M w m IW7 nOo 24*7 u/5 mi 10/0/ 11*7 19f07 17C a/07 24*7 7W7 24*7 11*7 2S/07 A« 04*9 07*1 iW® »lt UD my wo; t ®.< c.« 4» o Q'.v
      1,026 words
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      1053 27 SHIPPING TIMES, Thursday, June 10, i»o» PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES VESSEL MAJAPAHIT GOWA MAI GUANG VOY SIN jkt say VOY mkg kao «e yok noo kob MSB 1M 21/• 23/6 40NB 30/6 VI M 4358 30/6 3/7 5/7 44N8
      1,053 words
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      Page 27 Advertisements Column 2
      415 27 BEN LIKE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAH B HAVEN It DAM HAVRE ST OK P KLANC S PORE FOR Lon*m Ciprtu Sailad SwM S«M S«M SaM 14* ISA MKC Mm*wi Eiprau SIIM SnM Saila* SwM 17* MKC Bono Eiprtaa SaiM $a>M S»M SIM
      415 words
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      372 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYB M. GESUII LLOYD P.T. BAM9OEIA INDONESIA e f.T TRIKORA LLOYD EXPRESS SIM CMTAINEJtSHIF SERVICES SJN6APIRE Tf EHMK VSL/VOY S PANJANG/B WB L.J.BONTANG/IMB S PORE ANTWERP ROAMrAOAM vm 13/7 (ACCEPTINC CONVENTIONAL AND CONTAINERISED CARGO) MB w (ACCEPTING CONVENTIONAL AND CONTAINERISED CARGO) IS
      372 words
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      Page 27 Advertisements Column 4
      420 27 BOUSTEAD SHIPPING AGENCIES LOIKAW VI46W HTONETWA V24OW PAGAN VI47W BASSEIN MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok THE BANK LINE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE RDAM HMBG HULL IVYBANK V24N 18/6 17/7 21/7 24/7 ITAUSALA SAMOA VISN 15/7 11/8 16;« 20/8 CLYDEBANK
      420 words
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      1132 28 K LINE KAWASAKI KISKN KAISIIA. LTD. OOCL FRIENDSHIP NEPTUNE JADE OOCL FORTUNE AMBASSADOR BRIDGE N. AMERICA-ATLANTIC COAST OOCL FRIENDSHIP NEPTUNE JADE OOCL FORTUNE AMBASSADOR BRIDGE VOY LB 13 6/5 N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL VOY HONGKONG CONTAINER 60E RHEIN BRIDGE 2E HUMBER BRIDGE 3E NEPTUNE ZIRCON IE NEPTUNE TOPAZ
      1,132 words
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      Page 28 Advertisements Column 2
      633 28 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore P Keiang Penang load** lor Mattel VsJ By Feedei Br '<*0* V 4} 3 July 27 hme 17 June Frem/tietb/Sydn/Adel »V 42 »My 20 July 20 Jutf F rw» IMbfSyOn Met *44 24 Aug II Aug II Aug FremMelb/Sydn/Adel 5¥ 43 IS
      633 words
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      Page 28 Advertisements Column 3
      271 28 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 21. Ieto» Aycr S(rt«l SINGAPORE 01(M Til U4JW (10 LINES) Fai SM3SO4 STRAITS/PERSIAN GULF SERVICE: Sport P Keiang Penanf GOIOCN WONDCR Cotomto K«r»dw Dut>*i B/M lum COCDCN HAVE.N 12/14 Jut* CHINA SERVICE GUSHAN Oaixn turn >* CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE
      271 words
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      Page 28 Advertisements Column 4
      547 28 PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD *07-12 AFRO ASIA BUILDING SINGVPORE 0106 r TELEX RS ***** PHILI FAX *****76 EAST/FM EAST Fa LCL WKICf ETA SINGAPORE DUBAI. DAMMAN. KUWAIT, DONA, MUSCAT. BAHRAIN ABU DHABI SHARJAM H KONG KOBE. TOKYO. KEELUNG. KAOHSIUNG, MANILA. BANGKOK. BUSAN. JAKARTA IS*, 22/S,
      547 words
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      1495 29 Agents S po.e NEPTUNE AGENCfS PTE. ITD. Gcn«<n Mm Booktnjs Inward/ CFS £oqum*s F£ EU/AUST T PA/SEA Ouhwfd *****22 *****53 27W977 *****53 *****42 *****44 *****19 *****16 *****1t *****48 (CR NO. **********0E) NEPIMI SON BHD P KtUng K Lumpur P«o*n» *****8 *****33 *****5 MOJO *****0 *****1 *****1 *****2 NEPTUNE ORIENT LINES
      1,495 words
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      Page 29 Advertisements Column 2
      975 29 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** iMtriic uai tuMC cu|Mimq \ji Street Ptriinf Mala*va MiS HANDIING SYSTEM CO SON OMO KSWKA Tr" NO WW*
      975 words
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      Page 30 Advertisements Column 1
      428 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TU 225 6868 (34 Imesi FAX ?2b?439 *****76 TUEX RS ***** A B SSCMA HS ***** A/B SSCAO DSR-LINES VEB DEUTFRACHT SEEREEDEREi ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN ORTH CONTINENT EUROPE OUTBOUND IDC T. WENDA 1W WILHELM PIECK 6/89
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      Page 30 Advertisements Column 2
      96 30 w T.S.K. LINE WEEKLY CONTAINERISED SERVICE WlfH FIXED OAr ABRIVAI EXPORTS TO TAIWAN JAPAN HERMES ACE VJ2 HAKUSAN II V 7 CONTINENT V7J KABUKI V 73 HERMES ACE V 23 HAKUSAN II V* mmgigmnjiggigi igaiiaisMßßcaisaiMMsa jgjgmmgQgQgQggmmg IMPORTS FROM JAPAN TAIWAN |QBE3imfILLUIQ9G2IEZIE9E3fI HAKUSAN II V 7 CONTINENT V 73 KABUKI V?)
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      151 30 pi Regional Weather m I i :?v V •J. I* 0 r £5 Wind (VedKKi with speed m knots V SIGNIFICANT WEATHER AND SEA CONDITIONS AT 730 A M Jun« IS. UGINO RTempetoture Ih»*Hjf»sl<t"" Wfaltw Wind iVeclun with v«d m knots O Rom Wove he»qht Cloud* Sky S«'l<K» »«dl <>•*
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      392 31 allirriliu JL livlCiO) nunc tu f 1 t7ucr 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 20/6 Iraq/Japan THROUGH B/Li to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO
      392 words
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      Page 31 Advertisements Column 2
      331 31 HP ffl RICHFIELD MARINE AGENCIES IS) PTE LTD TEL *****33 (10 Lines) FAX *****15 TELEX RS ***** RISHIP (3 L.nes) 4 «*T co<9ooy« A A I mm of ElMopil) ACCEPTING FCL AND CONVENTIONAL NET3AN6T VOY ISWB AB6AY WOHI VOY JWWB DAAESSALAAM MOMBASA. DJIBOUTI ASSAB MASSAWA HOOEIOAH OARESSAI AAM. MOMBASA. DJIBOUTI
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      Page 31 Advertisements Column 3
      634 31 SIGMA EXPRESS IS) PTE LTD > TEL: *****44 FAX: *****75 ACCEPTING CARGOES FOR: BANGKOK 3USAN BOMBAY COLOMBO HONGKONG MUARA/LABUAN/KK KUCHING/SIBU rOKYO/YOKO/KOBE LE HAVRE/HAMBURG FELIXSTOWE/R'DAM KEELUNG/KAOSHIUNG PREMANTLE SYDNEY/MELBOURNE LONG BEACH/LOS ANGELES 18/6 19/6 20/6 18/6 19/6 r v CRYSTAL FREIGHT SERVICES PTE LTD v TEL: *****88/*****22 HONGKONG/ CHINA 16/6 16/6 BANGKOK
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      Page 31 Advertisements Column 4
      176 31 BALTIC ORIENT SHIPPING PTE LTD. jf BAY OF BENGAL SERVICE CONTACT PERSONS TELEPHONE NO. TELEX/FAX NOS OFFICE ADDRESS MR ROBERT OH/ HENRY/ ANWAR/ PETER LOO *****71, Mom) RS 20*40 BALTRA/*****73 .79 ROBINSON ROAD, #24-04 CPF BUILDING, SINGAPORE 0100 CRNOIMII74M Hamburg West Germany Tiger Line INOEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS
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      Page 31 Advertisements Column 5
      118 31 jMf 'FARGO SHIPPING V TeI:SS4 01SS |T( REGULAR EXPRESS FCL LCL SERVICE DESTINATION ETA SINGAPORE m im urn 19* 415N 1M JARU BHUM PIYA BHUM SIM BHUM PORT KELANG (FCL ONLY) HONG KONG KEELUNG, KAOHSIUNG 73/6 30/6 3,7 JAKARTA (FCL ONLY) TOKYO. KOBE. BUSAN (FCL ONLY) KARACHI. BOMBAY, COLOMBO (FCL
      118 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      163 32 SUNEFAST PTE LTD TEL *****07 TLX ***** FAX *****76 Hei roco carriers NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES Liner services accepting FCL containers (GP and reefer), LCL and breakbulk cargo for both north and southbound. Heavylift capacity upto 60 tons. Vessel S pore P.Kelang Penang Lae T'ville Loading For "«am JUAN"
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      Page 32 Advertisements Column 2
      4 32 SUN UNION LINE "X~
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      Page 32 Advertisements Column 3
      481 32 JE CONTAINER LINE TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST PORT KELANG PENANG BANGKOK HONG KONG CNINA KAOHSIUNG KEELUNG 17/1 A 24/4 17/6 A 24/6 11/1 t 22/6 11/6 A 22/6 11/6 A 22/6 11/6 i 22/6 U/6 A 22/6 SRI LANKA/ INDIA
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      Page 32 Advertisements Column 4
      364 32 c >w Mitsui OS K Lines JLtd To CONNECTING A! EXPORTS TO PSW DOUBLE STACK TRAINS ETA HJDE3 d □I rr~i r>.: i [Q r> j I .■it ig~irTMDMUMEBEaEMira ■finnn nPJnCJCMJCIEZI IrrrrTi nmrafUtabiibaEJ mn EzioaciEiaaaa MrrnTi CICICICILaLaCIEI ra i. r mvt -IW7M FJCJCJUEJEJEM > rai nrwraElO FJPBEIEJCJL'JLIICI I MXKATOt VWTMT
      364 words