The Business Times, 23 June 1989

Microfilm: NL16652
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, JUNE 23, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    249 1 Dow Jones up THE NEW YORK stock market held steady yesterday morning in sluggish trading, registering no response to the latest government data on US economic growth. The Dow Jones average of 30 industrials rose 3.98 to 2.468.89 at 1430 GMT in the c first hour of
    249 words
  • Article, Illustration
    Most Asian markets fall
    239 1 5HARE PRICES in Singapore and okyo closed lower yesterday, vhile the Hongkong bourse coninued to be affected by events in Dhina. The Straits Times Industrials ndex dropped 7.87 points to 1,294.43 in characterless trading. The Business Times Composite Index slipped 6.06 points to 1,191 86 Turnover
    239 words
  • Article
    US$ plunges in Europe opening
    107 1 THE US DOLLAR opened sharply lower in Europe yesterday after further Bank of Japan intervention and a report that the United States, West Germany and Japan had agreed to take the US currency lower between now and September Traders said the Smick Medley report spurred
    107 words
  • Article
    UOB group may integrate its 26 branches in Malaysia
    395 1  -  By HONG LEE TIAM PROPOSED changes to Malaysia's banking laws could bring about a complete integration of the 26 branches of United Overseas Bank (UOB) and its two subsidiaries across the Causeway. Under the proposed laws, tabled by the Malaysian government
    395 words
  • Article, Illustration
    No cheaper car in store, but buyers can expect 'soft' discounts
    547 1  -  By JEFFREY TSANG THE strengthening Singapore dollar and fierce competition between car dealers offer potential car buyers one silver lining to the dark clouds over car usage in Singapore. Over the last three months, the Singapore dollar has steadily
    547 words
  • Article, Illustration
    YHS, Temasek sign deal with Nabisco
    589 1  -  JOINT VENTURE TO PAY USss2m FOR N AMERICAN ASSETS By HERMAN PHUA FOOD and beverage group Yeo I Hiap Seng has entered into an < equal joint venture with Temasek Holdings (Pte) Ltd in a US$52million (*****.4-miliion) investment to manufacture oriental foods in Canada
    589 words
  • Article
    Lock icon US GNP growth better than expected
    273 1 Reuter THE US ECONOMY grew at an annual rate of 4.4 per cent in the first three months of the year, slightly better than expected, the government reported yesterday However, the Commerce Department said more than half the growth in the Gross National Product
    Reuter  -  273 words
  • Article
    Lock icon Hotel shortage may dent Thai tourist boom
    205 1 AP A SHORTAGE of hotel rooms, sharply rising room rates and environmental problems may put a dent in Thailand s tourism boom, experts say. Some 4.2 million tourists visited Thailand last year and more than 5 million are expected in 1989 Tourist revenue
    AP  -  205 words
  • Article
    Lock icon PNG declares emergency in Bougainville
    137 1 Reuter PAPUA NEW GUINEA has officially declared a state of emergency on copper-rich Bougainville Island to put down a rebellion by militant landowners. Prime Minister Rabbie Namaliu said in Port Moresby yesterday. The emergency laws were approved by the cabinet on Wednesday and will come
    Reuter  -  137 words
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      58 1 w Wedding Package I 1 $220.00 nett per table FREE Flow of Stout. Beer, Soft Dnnks etc (Mm 10 Tables) family dinner $88.00 (B—lo persons) mm&L PUT ON A CROCODILE WEAR A LEGEND J J•OOUIHaj. SOUAKE *>' OfFVMSCBfm mm.? itow #0 /w» WMMFS vin.nß *c: wn > vm.t£ W VIRRIIX-h
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      12 1 Full report, PAGE 16 Regional Mkt», PAGE 18 World Mkts, PAGE 19
      12 words
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      208 1 Namaliu faces crucial vote of no confidence, PAGE 11 Editorial Comment: 10 The pathology of communism New development charges 10 Developers rush to re-do sums Papua New Guinea 11 Namaliu faces no confidence vote Canterlon Pte Ltd 2 Set to rake in $5m profit Aerospace '90 3 Main exhibition space
      208 words
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      232 1 FOCUS THE MASSIVE East Asian market offers the Philippines a remarkable opportunity to extricate itself from its economic miasma, writes HARISH MEHTA of the foreign desk. Focus examines the nature of the burgeoning East Asian market. See Page 9. J 7 J/i im y r i pa The East in
      232 words
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  • HOME NEWS
    • Article, Illustration
      Group set to rake in $5m profit on 31 Peninsula Plaza units
      468 2  -  INDIAN BUSINESSMEN PAID 10PC DEPOSIT FOR OFFICE UNITS THEY ARE NOW SELLING^ By LEE HAN SHIH RIDING on the demand for office units, a group of Indian businessmen is poised to make a profit of $5 million on
      468 words
    • Article, Illustration
      S'pore has potential to be a centre for optical products
      465 2 SINGAPORE can be a regional trading, distribution and technical support centre for optical products, manufacturing systems and equipment. Mr Ng Pock Too, Political Secretary, Prime Minister s Office, and MP for Nee Soon Central, said this at the opening of
      465 words
    • Article
      Cerebos to sell 49 per cent of distribution arm to Diethelm
      222 2 CEREBOS PACIFIC Limited (CPL) has decided to cut back on its distribution business and will sell 49 per cent of its distribution company Cerebos Eastern's issued share capital to the Diethelm Group. In a press announcement yesterday, CPL said
      222 words
    • Article, Illustration
      PSA renews berth accord with Evergreen
      158 2 THE Port of Singapore Authority yesterday renewed its Appropriated Berth agreement with Taiwanese shipping line Evergreen Marine Corp. Under the agreement. Evergreen will continue to appropriate Berth C 1 at the Tanjong Pagar Terminal The renewed agreement begins on July 1 and ends on
      158 words
    • Article
      MEMO-PAD
      645 2 Seminars and courses Jun 22-23 Improving Interpersonal Hilton Hotel Avant-Garde and Communication Training Associates Management Jun 23 24 Business to Business Ming Court Hotel Direct Consulting Direct Marketing for Group Pte ltds Financial Industry Jun 26-29 Understanding PC SIM Management Hse Singapore Institute Applications for Manogers of Management Business
      645 words
    • Article
      Jetset Asia eyes the Western market
      469 3  -  By JOCELYN TOH ONE OF Singapore's major tour operators. Jetset Asia, has embarked on an expansion exercise to capture a larger share of tourists from the West. Its inbound tours subsidiary, Jetset DMA (Destination Management Asia), plans to open two sales offices in Western
      469 words
    • Article
      Trade mission to visit Mauritius later this year
      206 3 A SINGAPORE trade mission will head for Mauritius later this year, following good response to a similar trip last year organised by the Singapore Manufacturers' Association. Singapore companies can take advantage of Mauritius trade status to get round quotas set in Western
      206 words
    • Article
      S'pore artists in Asean travelling show
      239 3 SINGAPORE artists are being featured for the first time at the Asean travelling exhibition of painting, photography and children's art. It indicated that a corps of talented and innovative young artists is emerging, said Mr Zulkifli Mohammed, political secretary in the Ministry of Community
      239 words
    • Article
      Bolivia envoy
      40 3 THE first Ambassador of the Republic of Bolivia to Singapore presented his credentials to President Wee Kim Wee at the Istana yesterday. A Ministry of Foreign Affairs statement said that Dr Arnold Hofman-Bang Soleto is resident in Tokyo.
      40 words
    • Article, Illustration
      Hong Leong to give $30,000 to BirdPark's adoption fund
      232 3 HONG LEONG FOUNDATION will take some birds under its wing when it hands over a $30,000 cheque to the Jurong Bird Park tomorrow. The sum, which will help to pay for the costs of maintaining two pairs of White-Winged Wood Ducks,
      232 words
    • Article
      Main exhibition space for Aerospace '90 fully booked
      504 3  -  CAHNERS INTRODUCING THREE NEW SHOWS By MARTIN SOONG NINE MONTHS away from Asian Aerospace 90 next February, exhibition space in the main hall of the Changi International Exhibition Centre, home of the airshow. is already sold out. Cahners Exposition Group, managers of
      504 words
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      182 2 Every product with the Giugiaro insignia epitomises the state-of-the-art technology. More than that, it also embodies the skill and talent of the world-famous Italian Industrial Designer, Giorgetto Giugiaro. Giugiaro first made a name for himself in the designing of cars. But he didn't stop at that. His creative instincts led
      182 words
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  • Page 3 Advertisements
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      203 3 ITS ELECTRIC. sm*-::* AV vrv f 9»?* 1 v 5tW? sss ft" <v-'. Vi-' 8 sr< f.. A J;. H*K ■v.. *V--V am B Hfifc, *fe m w PS *y sh Ik •a -V, •V :-r pr -V V. tr -m < itfaFTt-' .'IB W*.- *> p. o jßOtoring. And
      203 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Gatt council hits out at US 'unfair trading' action
      632 4 A LOT OF MISINFORMATION, SAYS US AMBASSADOR Agencies JAPAN. INDIA and Brazil hit out at the United States on Wednesday for branding them as unfair trading nations and said Washington's threats to retaliate could harm world commerce, but the US has
      Agencies  -  632 words
    • Article
      Lock icon West wants India to remain poor: Gandhi
      317 4 AFP INDIAN PRIME MINISTER Rajiv Gandhi attacked developed nations on Wednesday for opposing India's military ambitions, saying the West wanted the country to remain poor, the Press Trust of India (PTI) reported. Mr Gandhi was quoted as saying in the central Indian city
      AFP  -  317 words
    • Article
      Lock icon Seoul unveils measures to boost exports
      157 4 AFP SOUTH KOREA'S Ministry of Trade and Industry has announced a package of measures aimed at boosting exports, as authorities reported a customsclearance trade deficit in May. Ministry officials said on Wedj>esday that the measures mcl\*ded establishing a US finance company to offer loans
      AFP  -  157 words
    • Article
      Lock icon Asean urged to fight for nuclear weapon-free zone in S-E Asia
      260 4 Oana-Antara ASEAN NEEDS to fight for the materialisation of a nuclear weapon-free zone (NWFZ) in South-east Asia, the chairman of Indonesia's House commission in charge of defence and security, foreign affairs and information, Imron Rosyadi said. It was also
      Oana-Antara  -  260 words
    • Article
      Lock icon France to help train Vietnamese diplomats
      230 4 Reuter VIETNAM'S Foreign Minister Nguyen Co Thach said on Wednesday that France, the communist country's former colonial ruler, will help train diplomats from Vietnam at its leading school of administration. Mr Thach, on a three-day visit to France marking a boost in relations, said
      Reuter  -  230 words
    • Article
      Lock icon Manglapus urges Muslim groups to negotiate with the govt
      200 4 AFP PHILIPPINE Foreign Minister Raul Manglapus has called on Muslim organisations in his country, including the rebel Muslim National Liberation Front (MNLF), to seek reconciliation and start negotiations with the Philippine governi ment. He told a press conference in Riyadh on
      AFP  -  200 words
    • Article
      Lock icon Uno's Cabinet sinks lower in opinion polls
      138 4 AFP PUBLIC support for the Cabinet of Japanese Prime Minister Sousuke Uno has plummeted to a record low just two weeks after its inauguration, according to opinion polls conducted by two Tokyo newspapers. A nationwide poll conducted on June 17-18 by Yomiuri. a
      AFP  -  138 words
    • Article
      Lock icon Hawke expresses fears of a fortress Europe
      383 4 AFP AUSTRALIAN Prime Minister Bob Hawke said on Wednesday that he feared the European Community might be moving towards greater trade protectionism with the single market in 1992 Australia could not be an uninterested bystander in what was happening in Europe, Mr Hawke
      AFP  -  383 words
    • Article
      Lock icon Keating holds firm against accusations of mismanagement
      327 4 Reuter UNDER heavy bombardment for his handling of the Australian economy. Treasurer Paul Keating has once again climbed out of the government trenches to face his enemies the best way he knows how shooting from the lip. An invigorating orator who can mix
      Reuter  -  327 words
    • Article
      Lock icon Heng Samrin gets squadron of MiG-21s
      252 4 UPI THE Vietnamese-installed government of Cambodia on Wednesday received its first squadron of Sovietbuilt MiG-21 jets flown by Cambodians trained in Vietnam, the official SPK news agency said. "At 8:00 am, the first squadron of MiG-21 jet fighters navigated by the Cambodian pilots landed
      UPI  -  252 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1108 4 ARRIVALS DEPARTURES Operator Service number Local From MM Operator Service number Local For time CIA SIA MAS UAL JAL MAS SIA MAS MAS SIA CPA SWR MAS GIA SIA •IA OA SAS SIA GtA TMA SIA SIA G1A SIA TRY MAS SAB SIA SIA SIA FIN SIA
      1,108 words
  • Page 4 Advertisements
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      241 4 RECREATION A healthy body may not be a fit body, but a fit body is a healthy body. Fitness is achieved not by chance, neither by good food alone, nor by occasional temperamental dieting and slimming programme. Fitness can only be achieved by a systematic A routine training of the
      241 words
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      4 4 More stories, PAGE 11
      4 words
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      45 4 The business person's choice every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 Hours and arriving at Lester B. Pearson International Airport the following day. Cill vour Travel Agent or Air Cintdi it 7J*****. .4 BREATH OF FRESH AIR hi i i»mim*m ■miiwey
      45 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      182 4 IiMMLI //S' w// Max/ Not* Mm (°C) 14/02 Hoze 26/14 Cleor 30/12 Cleor 12/09 Cloudy 36/28 Clear 33/25 Sunny 30/25 Clear 34/21 Clear 30/22 Sunny 20/12 Cloudy 27/15 Clear 30/25 Rain 29/18 Sunny 21/08 Fine 27/11 Clear 22/14 Rain 16/09 Cloudy 35/20 Cleor 17/04 Cloudy 12/02 Cloudy 25/19 Cloudy 26/16
      182 words
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  • REST OF THE WORLD
    • Article
      Lock icon Moderate rebound in Japan, Western aid
      315 5 AFP WESTERN industrial countries and Japan paid out a total of US$47 6 billion worth of official aid to developing nations last year, up from US$4l.5 billion in 1987, a 6 7 per cent increase in real terms, the Paris-based Development Assistance Committee (DAC)
      AFP  -  315 words
    • Article, Illustration
      Lock icon EC states told to scrap car quotas
      242 5 Reuter THE EUROPEAN Commission is to put more pressure on five EC member states and their car makers to start dismantling import quotas on Japanese cars, EC officials said on Wednesday. But France, one of the countries concerned, made clear it remained firmly
      Reuter  -  242 words
    • Article
      Lock icon US group to make new generation of memory chips
      230 5 AFP SEVEN computer chip manufacturers said in Santa Clara. California. on Wednesday they would join forces to produce a new generation of powerful computer memory chips and reduce US dependence on Japanese semiconductor producers. "The time is right for a col-lective-memory
      AFP  -  230 words
    • Article
      Lock icon Third World firms warned of tougher times ahead
      572 5 INTERNATIONAL FINANCE CORPORATION REPORT Agencies PRIVATE COMPANIES in many Third World countries will be faced with business conditions "somewhat more difficult during the next 18 months than they were in 1988 the International Finance Corporation (IFC) warned yesterday. The IFC said that
      Agencies  -  572 words
    • Article
      Lock icon US budget deficit more than US$25b in May
      323 5 Reuter THE US BUDGET was in deficit by U5525.47 billion in May, compared with a deficit of U5522.58 billion in May 1988, the Treasury Department said. Through the first eight months of the current 1989 fiscal year, the budget deficit was U*****.32
      Reuter  -  323 words
    • Article
      Lock icon US economy slowing: Fed report
      269 5 Reuter ECONOMIC EXPANSION has begun to slow in many regions of the United States and inflation generally remains in check, the Federal Reserve Board in Washington said in a report on Wednesday. The report, prepared for its next meeting, summarises the US central bank's view
      Reuter  -  269 words
  • Page 5 Advertisements
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      138 5 fib The stylised calligraphy used by ancient seals, such as this, could only be deciphered by the elitefeu\ The seal's majestic lion body, however, would hare been clearly recognised as a symbol of the authority and power of the signatory. f \2 f I I ft* :A. V J n
      138 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      64 5 IPRSAMII OUAS AT MY OWN FUNERAL*. ANP THfrPOPE CUAS 61V1N6 7W BULO6Y! CAN YOU BE' U3VS IT! T BY GARRY TRUDEAU HZ SAID I OJASA RARB SPIRIT, A MAN MHO HAP PUT BACK IN THB UJORIV TSNFOLV WHAT HZ HAP BeeN 6/VEN. HESAtPI HAP TRULY MAPE A D/FF6RSNCS' UJAKB UP,
      64 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1602 6 Forex market s SINGAPORE: THE US dollar slumped in k early trade on heavy stop-loss selling yesterday, but was oft the day's lows after nervous trade throughout the day, dealers said. The dollar fell to 140.80/90 yen and 1 9490/9500 mark against t New York's close of 142.60/70 and 1
      1,602 words
    • Article
      Comex gold/silver futures
      173 6 Gold futures on June 21, 1989 100 troy ounces. USS per troy ounce Opon High Low s«m« Jgf) 347.00 369 00 367.00 372.40 6.10 373.50 6.10 w Aoa 369.90 376.00 369.70 375.70 6.10 Oct 373.90 380.00 373.90 379.90 6.10 Dec 378.10 385.00 378.00 384.30 6 20 Feb
      173 words
    • Article
      Lock icon Asian dollar market
      259 6 Reuter ASIAN dollar deposit rates closed slightly higher yesterday compared with Wednesday's level, in thin trading. A slight rise in the US Federal funds and decline in US bond prices caused the rates to firm marginally. Thursday/Friday, weekfixed and one month closed at 9-9/16 9-7/16 pet each
      Reuter  -  259 words
    • Article, Illustration
      World interest rates
      204 6 Indicates the average ol th« prim* lending rate* of 12 ma|or banks »n S'pore Interbank market rates (offer/bid) on June 22 us$ DM SWFC Y*n 7 da ft 9 S/t 9 i/a 13 13 6 S/t 6 l/a 7 1/4 7 3 3/16 1/16 1 m#i 9
      204 words
    • Article
      Money markets
      59 6 THE OVERNIGHT fell by 1/8 to 5-3/8 on the Singapore money market yesterday. One-month rate rose 1/16 while two- and three-month rates remained unchanged. S$ Interbank rates at the close yesterday: OFfB MD night 5 3/t S 1/4 1-mortfc 5 3/8 5 1/4 2-nomh S 3/1 5 1/4
      59 words
    • Article
      Government Securities Market
      102 6 Treasury bills Period Issue code 3 monitis BQ*****H 6 months BS*****H 1 year BY*****F Yesterday's closing Maturity HO OFF€R 21.09.89 4.10 4.05 23.11.89 4.10 4.05 24.05.90 4.29 4.24 Day's high low 4.04 4.04 4.28 4.25 Government notes and bonds Period 2 years 2 years Issue code N*****0E
      102 words
    • Article
      Options
      1103 6 CURRENCY FUTURES OPTIONS Thursday, Juot 22, 1989 DEUTSCHEMARK (SIMEX) S»p 88 call* H P"*" High Low High Low So«t s 'i 277 34 JAPANESE YEN (SIMEX) I 8 1 1 S 1 High Low So« Htgh Low So« 75 3,5 CURRENCY FUTURES OPTIONS I MM Wednesday, Jun* 21, 1
      1,103 words
    • Article
      Lock icon Simex
      532 6 Reuter EURODOLLAR futures closed lower on P[ o,lt t k n 9 vesterday and long liquidation in moderate trading. ZZTL'<i The, said ,he dollar* that West Germany, Japan and the US had agreea to bring the dollar down slowly between now and Sep tember undermined sentiment. Yesterday's release of
      Reuter  -  532 words
    • Article
      Lock icon IMM
      257 6 Reuter IMM CURRENCY futures soared to settle near the days peaks on Wednesday on persistent rumours of central bank intervention. There could be more of the same tomorrow," a trader said Currencies rallied early and benefited throughout the session from speculation the Bundesbank and Federal Reserve intervened on behalf
      Reuter  -  257 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      71 6 A Starting July 2, 1989... on our SINGAPORE BERLIN route with an INTERFLUG A 310 the newest member and Sundays 19.10 IF 721 Connections for Bangkok, Dubai, Moscow, Buda pest, Copenhagen and Amsterdam. For information and reservations. INTERFLUG Town Office, 11 Cavenagh Road Holiday Inn Park View #01 07/08 Singapore
      71 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Jeddah bank seeks help to identify viable KL projects
      244 7 Bernama THE JEDDAH-BASED Islamic Development Bank (IDB) has requested Malaysia's assistance in identifying viable projects in which the bank could take up equity participation, its vice-president. Ousmane Seek said. Speaking to reporters after calling on Finance Minister Datuk Paduka Daim Zainuddin
      Bernama  -  244 words
    • Article
      Lock icon Brazil to close insolvent seven
      310 7 FT THE BRAZILIAN Central Bank is to close seven insolvent brokerages involved in a national stock market scandal. One of them belongs to the bank's outgoing president, Mr Elmo de Araujo Camoes. A Sao Paulo investment bank associated with Bankers Trust is also reported to
      FT  -  310 words
    • Article
      Lock icon Third World opens talk with attack on rich
      538 7 Reuter VENEZUELAN President Carlos An- < dres Perez, addressing a meeting of Third World nations on Wednesday. called on rich countries and their banks to stop living off the poor. "We southern countries cannot be asked to tighten our belts as long
      Reuter  -  538 words
    • Article
      Lock icon Bundesbank head warns of inflation from current boom
      371 7 AFP AS FIGURES published by the Bundesbank on ny Wednesday showed West do Germany's money-supply fev growth easing, the head of na the central bank warned e a that the country could nev- co ertheless get pulled into an inflationary spiral by
      AFP  -  371 words
    • Article, Illustration
      Lock icon Japan denies G-3 decision to bring down US dollar
      478 7 Report of G-3 accord hits greenback Reuter THE US. Japan and West Germany have decided to bring the US dollar down slowly over the next few months leading to the International Monetary Fund/World Bank meeting in September, according to a Washington-based
      Reuter  -  478 words
    • Article, Illustration
      Lock icon No pay rise, so Fed governor Heller decides to join Visa International
      425 7 Reuter FEDERAL Reserve Board Governor Robert Heller announced his resignation effective July 31, and said he was stepping down because Congress earlier this year rejected a pay increase for top federal officials "I certainly wouldn't go if pay
      Reuter  -  425 words
    • Article
      Lock icon Nymex to review contract specifications
      194 7 Reuter THE CRUDE oil advisory committee of the New York Mercantile Exchange will meet next Wednesday to review crude oil contract specifications, including the practice of using foreign crude substitutes for delivery on Nymex contracts, US oil traders and refiners said. Nymex spokesman Robert Baxter
      Reuter  -  194 words
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      451 7 Tucson Tucsol ARKANSAS Little Birmingham HuntsviUe ALASKA Anchorage Fairbanks Hoiner Kenai Soldoma n p /es Merced Modesto M v IMWORNIft Bakersfietd Burbank Chico Crescent City Eureka Fresno Long eac g an Jose San Luis Obispo ak\and Ontario Orange County Oxnarri Palm Springs Redding Sacramento San Diego an ra Quango! Purgatory
      451 words
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  • COMMODITIES
    • Article
      Lock icon Oil glut expected to depress prices
      317 8 Reuter OVERPRODUCTION and lower than expected demand will bring crude oil prices down over the next year, the Economist Intelligence Unit predicted "We tend to believe the bears,' the independent London-based unit said in its World Commodity Forecasts bulletin for June. It saw Brent
      Reuter  -  317 words
    • Article
      Lock icon Hopes of bumper EC crop wilting under sunny skies
      423 8 Reuter FARMERS' hopes of a bumper European Community grain harvest this year are fading fast under bright midsummer sunshine but timely rain could still save their crops, trade analysts say. "The optimistic production forecasts of early May are fairly certain not
      Reuter  -  423 words
    • Article, Illustration
      Lock icon US wheat sales to China unaffected by sanctions
      183 8 AFP SANCTIONS declared by President George Bush against China are not expected to affect US sales of wheat to that country, US Agriculture Secretary Clayton Yeutter said on Wednesday. "I would not see that in any way affecting the present status of
      AFP  -  183 words
    • Article
      Lock icon Mauritian sugar output likely to fall
      190 8 Reuter MAURITIAN sugar production is expected to fall 8.3 per cent to 581,560 tonnes raw value in 1989/90 from 634,224 tonnes in 1988/89 due to cyclone damage to cane earlier this year, the Mauritius Chamber of Agriculture predicted. The Chamber said this first forecast
      Reuter  -  190 words
    • Article
      Produce Prices
      194 8 Chinese Produce Exchange S*ll«rs' noon doting prices on June 22 (SS/100 kg) Coconut oil Bulk FOB 105.00 Old drum FOB 115.00 New drum FOB 119.00 Copra Mixed (loos*) 61.00 sellers Pepper Muntok whit* FOB NIW 540.00 Sarawak whit* FOB foq NLW 530.00 Sarawak special black FOB NLW 400.00
      194 words
    • Article
      London Markets
      280 8 London Commodity Exchange Buyer/Seller closing prices C on June 21 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers > option CIF London t Jul 1120/1120 (1121/1123) High/Low 1145/1282 f Sep 1104/1106 C (1090/1092) High/Low 1114/1100 c Sol's (2090) 3 Cocoa Jul 806/807 s
      280 words
    • Article
      Lock icon Palm Oil
      593 8 Bernama MALAYSIAN CRUDE PALM OIL FUTURES closed easier yesterday on the Kuala Lumour Commodity Exchange in quiet trading Trading was choppy throughout the day with no fresh leads as the market closed at the day's low when the purchases could not be confirmed. Sentiment overall was still bearish.
      Bernama  -  593 words
    • Article
      Lock icon KL Tin
      175 8 Reuter STRONG demand saw tin on the Kuala Lumpur Tin Market (KLTM) gain eight cents to 26.88 ringgit a kg yesterday, brokers said. The opening bide of 198 tonnee, against offers of 74 and continued short covering on the London Metal Exchange (LME), were factors aiding the rise,
      Reuter  -  175 words
    • Article
      Precious Metals
      408 8 HONGKONG: Gold ended easier in thin trade yesterday on profittaking by investors in Singapore and Japan. Dealers said the market was dull because traders were awaiting the 1230 GMT release of revised first-quarter US Gross National Product data. But they said they expected gold to firm in the
      408 words
    • Article
      SSR and SMR
      80 8 (cwm/kg) JULY 1989 AUGUST 1989 (currant month) (forward month) RAS NOON NOON Ivytn StUtfl S«M«o SSt 30 1 49 50 151-SON 149.50 151.50N SSB 50 147.30 149.50N 147.50 149 JON MRELB lvy«n Sdim kytn S«U«r« SMt cv 341.50 243.50N 343.50 245.SON SMI I 343.50 345.50N 345.50 347.50N
      80 words
    • Article
      Lock icon Crude Oil and Products
      146 8 Telerate FUEL OIL prices remained stable in moribund trade. Weak market fundamentals continued to worry players. Buyers were notionally at $82-3 mt fob Sing; but sellers remained at $85 mt fob Sing and above Price differential between Sim-ex-S HSFO futures spot bbls were negligible. Bunker CST-180
      Telerate  -  146 words
    • Article
      Lock icon Soybean
      165 8 Reuter CHICAGO Board of Trade soybean futures rallied from early lows on steady buying on Wednesday from lowa Grain in new crop November, with later purchases in July firming old crop to finish mixed. July settled up 2-1/4 cents per bushel at USS7.3B-1/2. with new crop down as much
      Reuter  -  165 words
    • Article
      Lock icon Wheat
      191 8 Reuter CHICAGO Board of Trade soft red winter (SRW) wheat futures rallied on Wednesday from early lows on steady exporter buying, closing with gains of 3-1/2 to 1-1/4 cents per bushel in moderate trade. July was the strongest, settling at US$3 99-1/4. The stronger tone in the Kansas City
      Reuter  -  191 words
    • Article
      Rubber
      401 8 SINGAPORE: RUBBER prices closed lower yesterday with July 1 RSS quoted at 180 00 cents a kg, down one cent from Wednesday's close. Dealers said prices hovered within a narrow range after quiet trade in the afternoon. They said falls on Japanese markets dampened sentiment. On the TSR-20 Award
      401 words
    • Article
      RAS and MRELB
      264 8 RAS prices m s fob m mm NOON CL05e j Buyers Sollors Buyors Sollors tnt 1 RSS Prompt 182.00 183.00N 182.00 183.00N Int 1 RSS July 89 180.00 181.00N 180.00 181.00N Int 1 RSS Aug Int 2 RSS OP 184.00 185.00N 184.00 185.00N 180.00 182.00N 179.50 181.50N
      264 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      52 8 [FASTO^carpkisl Specialist* in Fme Hand-knotted Carpets Wr Sunday, June 25, 1989 Grand Ballroom Hilton International Singapore i'fVX i?"V. All lots are guaranteed and backed by a full trade in value at our showroom Auctioneers Cheong Koon Sen# (CKS) Auctioneers Valuers Pte Ltd m #08-28 Baffles Ctty Swppl®* Centre Tel: 338
      52 words
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      Page 8 Advertisements Column 2
      52 8 You experience our personal touch at Liang Court Regency. The experience begins with a special welcome bouquet. And during your stay, you'll notice the many little things that get done quietly and efficiently. Come stay with us and experience our personal touch and comfort. For short-or long-term lease, call Florence/Dina
      52 words
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  • FOCUS
    • Article, Illustration
      'Need to counter negativism in the national character'
      548 9  -  The East Asian market, which was bigger than the European Community in 1987 could be the solution to the Philippines' economic problems. Economic wizard Bernardo M Villegas is confident that the Phihppmes can tan thk market writes HARISH MEHTA of the Foreign
      548 words
    • Article, Illustration
      Answer to Manila's economic woes may lie in East Asia
      1390 9 IT WAS A PIECE of heartening Enrt news that could put the smiles com back on the faces of Filipino advj planners. News that the East Asian styli market, which is bigger than the tive European Community (EC) and is
      1,390 words
    • Article, Illustration
      Giving the Aquino administration its due
      345 9 PRESIDENT CORAZON j Aquino cast her govern- i ment in a supporting role in i business a bold step considering that, under former president Ferdinand Marcos. it occupied centrestage For this she has won both friends and critics. The latter claim that if the
      345 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      38 9 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 qood investment opportunity in popular MacPherson Paya Lebar vicinity T\ DEBENHAM TEWSON CITY VALUERS PTE LTD *****12/*****84
      38 words
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      Page 9 Advertisements Column 2
      136 9 Haute Cuisine Shanghai... s r IF H- Now. you can savour the culinary treasures of Shanghai served with Continental l«nache at (ioodwood Parks new CHANC. .HANI. SH ANC.II AI KKSTAI KANT. Here, your exquisite meal will start with complimentary aperitifs and a dainty appetiser. Ihe authentic Shanghainese dishes. I*>th in
      136 words
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  • PERSPECTIVE
    • Article
      The pathology off communism
      511 10 THE CONTINUING crisis in China bears accustomed testimony to what can only be called the pathology of communism. After bringing excessive military force to bear on a nascent political movement, the authorities in Beijing are using predictably quick trials and swift executions, coupled with large doses
      511 words
    • Article, Illustration
      Developers scrambling to re-do their sums
      1197 10  -  NEW DEVELOPMENT CHARGE SYSTEM The Ministry of National Development's proposals last month to revamp the whole system of development charges have understandably provoked much intense discussion and debate among real estate developers. And as the ministry sifts through the views and comments from concerned
      1,197 words
    • Article, Illustration
      Lock icon Old script, new stakes
      803 10 EUROPEAN COMMUNITY SUMMIT Reuter THE SCRIPT for next week's European Community summit in Madrid is a familiar one Margaret Thatcher against the rest. The show has played before in a variety of forms, including melodrama and light entertainment. But on Monday and Tuesday. the stage will
      Reuter  -  803 words
    • Article, Illustration
      Lock icon Chinese businesses inch towards bankruptcy as tourists stay away
      845 11 CHINA WThe question NYT WHEN A United Airlines flight arrived in Beijing recently without a single passenger, its empty seats dramatised the catastrophic impact of repression on China's key tourism industry. "It will be years before we recover," a Chinese hotel
      NYT  -  845 words
    • Article, Illustration
      Lock icon Namaliu faces crucial vote of no confidence
      677 11 PAPUA NEW GUINEA Reuter PAPUA NEW GUINEA Prime Minister Rabbie Namaliu s fledgling government faces its toughest test next week a vote of no confidence in parliament as rebellion on the copper-rich island of Bougainville grows. A state of emergency will be imposed
      Reuter  -  677 words
    • Article
      US playing big bully, charges India
      573 11  -  INDIA By ZHOU MEI IT IS INDIA'S lack of political clout in the US that has brought J upon it the dubious distinction of V being one of the three named l under the Super 301 provision of ft the US Trade and Competitive-
      573 words
    • Article, Illustration
      Grand alliance to counter Super 301 unlikely
      484 11 A GRAND ALLIANCE between Japan. Brazil and India to counter the US unilateral action under the Super 301 provision of the US Trade and Competitiveness Act is unlikely. It has been pointed out that the dimensions of the problem are vastly different. India's
      484 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      566 10 THE SINGAPORE FURNITURE Designers' Competition 9 The search is en fer local designers who have the potential to design furniture that could be the start of a Singapore Style At the some time the quality should be on par with the best of international designs. An award that conies with
      566 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      37 10 Bristol Rank Tutors UOHIL6 \S Or 4 HOUDPiY N'm OSiWG HiS IT'S Soi?PRIS.MG HOCO things LOOK o <±y ir joncs looks up line First thing ne sees »s Tne FftnneD Bristol P<?OFil£. SMOULD HAVe SUCH A v»eu).....
      37 words
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  • LEISURE
    • Article, Illustration
      Lock icon Baryshnikov to leave ballet company
      662 12 DANCE NYT MIKHAIL BARYSHNIKOV will leave his post as artistic director of the American Ballet Theater in a year, with the intention of pursuing another career. The ballet star, 41, who has had three knee operations and rarely danced in recent seasons. has served for
      NYT  -  662 words
    • Article, Illustration
      One for the record books
      44 13 A BOOK that's in the record books. Four metres by three metres and "elflhlng over eight tonnes this book the biggest In the world was commissioned as part ot the anniversary celebrations of the Privat publishing company in France.
      44 words
    • Article
      Lock icon Christie's fails to find buyer for Beatles' psychedelic Bentley
      228 13 AUCTIONS Reuter THE MOST FAMOUS PIECE of Beatles memorabilia, a Bentley painted in psychedelic colours, has failed to sell at an auction at Christie's East in New York. Bidding on the 1956 Bentley opened at US$3OO,OOO on Wednesday, but there was
      Reuter  -  228 words
    • Article
      Lock icon American diaper maker offering recycling plan
      176 13 CONSERVATION Reuter PROCTER AND GAMBLE CO. the world's leading maker of disposable diapers, has offered to take back some of the 2.7 billion kg of nappies soiled each year in America and turn them into flowerpots and other plastic and cardboard goods Saying diapers
      Reuter  -  176 words
    • Article
      Lock icon Two arrested over theft of Van Gogh works
      138 13 ART Reuter DUTCH POLICE have arrested two men suspected of stealing three Van Gogh paintings from a Dutch museum late last year but have not found two of the canvases still missing. A spokesman in Amsterdam said on Wednesday that the two
      Reuter  -  138 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      842 12 COUFVOISIER VS.O.P-WIHIEKK lENTKICTAIIN 5^ Sky Garden Poolside Fridays to Sundays, 6.30 10.30pm Adults: $11.90 netl. Children: $8 nett Plaza Hotel SIuCOPOM '*AMtcoiomfUfiwvmwc R»iftKQid MNSapnn>o7l9lH 2mm Paramount HotelWhor» th* happy p«op/« 00 •V m m m i w v ww w We're blasting off tonight and every night at Para Wave
      842 words
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      Page 12 Advertisements Column 2
      242 12 We lay the magnificence and opulence of the British on our tables this month. Tuck into delicious Beef Steak smothered in onions, Steak and Kidney Pie, Irish Stew, Yorkshire Pudding, Dundee Cake and Richmond Maids of Honour, to name a few. Even the Royal Guards will put their best foot
      242 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      253 13 <» <• Sip Tea In The Park And Yolll See The Best Pressed Women. On Saturdays High Tea u> very fashionable at Fountain Lounge. Not only will you ,*ee some of Singapore 's best fashions being panuW during our Fashion Show, yi'u H al.<o en/oy a tkluuuw .ynaJof si\*nes, canapes
      253 words
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      Page 13 Advertisements Column 2
      11 13 time to share veer 2* COGNAC COUKVOISIER f, y //,rr rX
      11 words
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      Page 13 Advertisements Column 3
      122 13 o to There is o little bit of Indonesia right here in Singapore Salero Indonesia Bagindo, Singapore's only authentic Indonesian Nasi Podang resfor lunch and taurant Even our chefs come from the Indonesian town of Padang. he back before (If you haven't already guessed, that's where Nasi Padang origithe office
      122 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      664 13 TOJHKKOS SjiUSSj^-iW J CRYPTIC PUZZLE ACROSS 4 Old Bill's force (6) 7 Soldiers find it rousing (8) 8 Tough female cross-coun-try runner (6) 10 Points out him with the faddish ideas (5) 13 It carries a baby girl outright? (4) 14 It's played, perhaps nominally with Vic (4) 15 An
      664 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1348 13 TV and RADIO Frontier fun The Last Days of Frank and Jesse James OUR CHOICE THE LAST DAYS OF FRANK AND JESSE JAMES, 10.30pm, SBC 5 Truly a "country and western", it stars Johnny Cash as one ot the brothers James, and Willie Nelson in a cameo role as a
      1,348 words
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  • SPORTS
    • Article, Illustration
      Tough fight ahead for S'pore at SEA Games
      428 14  -  GOLF By CHARLES SAVAGE SINGAPORE'S hopes for a gold in golf at the SEA Games in August are dim but it's even money for a bronze medal The gold and silver medals are likely to be decided in a close putting duel
      428 words
    • Article
      Lock icon Strange aiming for two in a row
      252 14 UPI CURTIS STRANGE's victory in last week's US Open gave him back-to-back wins in that event, and he'll be looking for his first consecutive wins on the tour at the US$9OO,OOO Canadian Open which started yesterday. Strange, 34, hopes to carry over his
      UPI  -  252 words
    • Article
      Lock icon A day of mixed fortunes for Wimbledon's top seeds
      340 14 TENNIS AP AFP CHRIS EVERT's suffering withdrawal on Wednesday from a US$3OO,OOO pre-Wimbledon tournament has boosted Martina Navratilova's chances of going into Wimbledon on the back of a grass-court title Navratilova eased into the quar-ter-finals with a 6-3, 6-0 win over
      AP; AFP  -  340 words
    • Article
      Lock icon Surprise return by Coe
      262 14 ATHLETICS AFP SEBASTIAN COE will make a surprise return to international racing in Britain tomorrow on the Birmingham track where his Olympic hopes were buried last year The former double Olympic champion made a last-minute request to run in the International Challenge and organisers were delighted
      AFP  -  262 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      320 14 SIEMENS i *4v >*%£.• <''■ 4x< '•v.,- :> V > mi v l ib "V WjSfarfOT :„Cg s^apsk till m m A «>.• <r' m "V > i| *v- W; *v*w< iL Si i«' V 4 V At-{ i v > v*--•->• «~o *f" v <: v rk ill r
      320 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Lock icon UMW to make commercial and passenger cars
      356 15 Bernama UMW Holdings Bhd, a highly diversified group involved in the car and heavy equipment industries, is to go into the manufacture of commercial and passenger cars. UMW group managing director Shiew Wan Shing said the group was studying with Toyota of Japan
      Bernama  -  356 words
    • Article
      Causeway gets go ahead for rights issue and acquisition
      137 15 CAUSEWAY INVESTMENT has received in-principle approval from the Stock Exchange of Singapore for its proposed rights issue and the proposed acquisition of a 60 per cent stake in Safety tech. Causeway is proposing a renounceable rights issue of $7.25 million nominal
      137 words
    • Article
      UIC reaps $6m profit from Inter-Pac shares
      333 15 UNITED INDUSTRIAL Corporation Ltd (UIC) has sold more than 90 per cent of its shares in Inter-Pacific Industrial Group Bhd (formerly Raleigh Bhd) for a total of $32 million, reaping a profit of almost $6 million. UIC had an 11.2 per cent interest
      333 words
    • Article
      First Allied denies having loans from Pacific Bank
      351 15 FIRST ALLIED Corporation Bhd (FACB) has told the Kuala Lump pur Stock Exchange that it does g not have any bank loans from the Pacific Bank Bhd (PBB), 1 which has petitioned the Kuala j Lumpur High Court to wind it up
      351 words
    • Article, Illustration
      C K Tang pre-tax profit falls below forecast
      468 15  -  By MAGDALENE NG lETAILER CK TANG posted a roup pre-tax profit of $6.73 milon for the year ended Mar 31, 989. lower than the expected 8.25-million profit forecast in its ights issue prospectus last year At the pre-tax level. C K ang's
      468 words
    • Article
      Inno-Pac unit in venture to export Hungarian products
      286 15 A WHOLLY-OWNED subsidiary of Inno-Pacific Holdings Ltd has entered into a joint venture agreement with a Hungarian trading house to export Hungarian products to the Asia-Pacific region. Poon Guan Pte Ltd and Konsumex Hungarian Foreign Trade Company have formed Inno-Pac Trading Pte
      286 words
    • SES
      • Article, Illustration
        STII falls below 1,300 level as investors take profits
        1131 16 WARRANTS trading took centrestage in an otherwise lethargic stock market. The debut of DBS Land rights (rights to DBS Land warrants) on the market accounted for 6.03 million units or 10 per cent of the day's trading volume of 56 13
        1,131 words
      • Article
        Unit trusts
        263 16 Managers' prices for June 23 Singapore Unit Trust 1 11 1 18* The So* rgs fund 099 105 Spore Prog Fund 0*5 049 S'pore Sec fund 0 75 080 S'pore invent fund 079 084S pore Equity fund 053 0 57 Asia Unit Trust Mol Invest fund 1 53
        263 words
      • Article
        COMPANY MEETINGS
        64 16 APOLLO ENTERPRISES LTD: 21st AGM at the Conference Room, 3rd Floor, Apollo Hotel. 405 Havelock Road. Singapore 0316.; today at 11am. HIAP MOH CORPORATION LTD: AGM at Block 162. Bukit Merah Central #08-3545. Singapore 0315. today at Q Vlam THE NORTH BORNEO TIMBERS BHD: 39th AGM at the
        64 words
      • Article
        SES SHARE INFORMATION
        6324 16 r Gr's Gr's M Cap Smll 1989 High Low Tel Code Company Last Sale orVol (000) Day High Low Last Quote Buyer Sailer Dlv Dlv C'vr YW y. Nat P/E JUN 22 SESDAO 106 80 93 82 92 633 24.1 68 2 146 202 168 93 202
        6,324 words
    • KLSE
      • Article, Illustration
        Prices fall across the board
        3716 17 SHARE prices retreated further in quiet trading at the Kuala Lumpur stock market yesterday. Losses, though marginal, were fairly widespread Brokers said dabblers showed no urgency and deals were hard to come by. A broker said the market was marking time and was easier due
        3,716 words
    • REGIONAL MARKETS
      • Article
        Lock icon Bond failed to disclose sale plans fully: ASX
        514 18 EXCHANGE WANTS DETAILED FIVE-YEAR ACCOUNTS Reuter THE Australian Stock Exchange (ASX) said Bond Corp Holdings Ltd has failed to inform fully the market about its plans to sell its brewing assets to Bell Resources Ltd for As 3 5 billion. In a
        Reuter  -  514 words
      • Article
        Lock icon New World postpones HK$1b bond issue
        105 18 Reuter NEW WORLD Development Co Ltd is postponing indefinitely a HK$l billion convertible bond issue because market conditions are too weak, a company official said. "The timing is not right," said Alex Chow, financial controller at New World. Hongkong shares have droDoed steeply over
        Reuter  -  105 words
      • Article
        Lock icon Union representatives reject Daewoo accord
        164 18 AFP DAEWOO trade union representatives yesterday rejected an agreement aimed at saving the shipbuilding firm from bankruptcy, saying that it failed to win them a wage hike this year. The representatives rejected the agreement by a vote of 28 to 26 and called for the
        AFP  -  164 words
      • Article, Illustration
        Lock icon Dull trading
        565 18 Tokyo Reuter SHARE PRICES closed mixed in dull trading yesterday as investors took to the sidelines to see which way currency rates go after the dollar s sharp drop, brokers said. Early small-lot buying of heavy industry shares, recent laggards, fizzled later in the day and prices closed
        Reuter  -  565 words
      • Article, Illustration
        Lock icon Sharp fall
        563 18 Australia Reuter THE AUSTRALIAN share market closed sharply lower yesterday as domestic institutions moved to buoy their cash positions before June 30 and offshore sr<lers took advantage of the stronger Australian dollar, dealers said. The All Ordinaries Index closed 14.7 points lower at 1512 9 on moderate turnover.
        Reuter  -  563 words
      • Article, Illustration
        Lock icon Hang Seng Index falls 40 points
        1358 18 Hongkong Reuter HONGKONG stocks closed lower in thin trade yesterday as investors remained cautious amid uncertainty about the economic impact of events in China. The Hang Seng Index fell 40.68 points to 2.231 82. Light bargain-hunting in the morning lifted the index off the
        Reuter  -  1,358 words
      • Article
        Lock icon Bangkok: Featureless trade
        229 18 Reuter THAI STOCKS yesterday edged up slightly in featureless trade marked by some profit-taking on blue chips, while investors waited on the sidelines for fresh news, brokers said. The SET Index gained 1.44 points to close at 571.94 in active trade Turnover was 10.576.577 shares valued at
        Reuter  -  229 words
      • Article
        Lock icon Taipei: Index up 72 points
        427 18 Reuter THE TAIWAN stock market closed higher yesterday with some selloff by prof-it-seeking investors, brokers said. The weighted index jumped 71.94 points to close at 10.091 59. compared with Wednesday's 10,019 65 finish. Turnover edged up to NTJ109.03 billion from NT5108.39 billion on Wednesday. Brokers
        Reuter  -  427 words
      • Article
        Lock icon New Zealand: Shares ease
        105 18 Reuter THE DIRECTIONLESS New Zealand share market yesterday finished another turbid day slightly lower and is unlikely to detract from that path today. "It eased off on moderate volume but the undercurrent still feels quite good," one broker said. The Barclays Index fell 6 72 points
        Reuter  -  105 words
      • Article
        Lock icon Manila: Market steady
        120 18 Reuter SHARE PRICES closed mostly steady in moderate trade yesterday but mining shares eased due to sorter copper prices, brokers said. The Manila stock exchange composite index shed 8.19 to 1.066. Combined volume at the two bourses rose to 1.38 billion shares valued at 405.7 million pesos
        Reuter  -  120 words
      • Article
        Lock icon Seoul: Broadly weaker
        150 18 Reuter SEOUL SHARE PRICES fell across the board in quiet trading yesterday, with the composite index closing well below the 900 point level, brokers said. The index fell 8.63 points to 894.80. "We expect the market to push back through 900 points, but do not expect a
        Reuter  -  150 words
      • Article
        Lock icon Bombay: Sharply higher
        174 18 Reuter SHARE PRICES rose sharply for the second day running yesterday on heavy buying support by state-owned investment institutions, brokers said. They said the bullishness led to frantic shortcovering and aided sentiment. The firm market also attracted investor demand "There has been a lot of demand following
        Reuter  -  174 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Shares retreat further
        870 19 New York Reuter A LATE BURST of futures-related program selling, triggered by a weaker dollar, sent US stock prices into their third retreat of the week on Wednesday However, blue chips were able to pare about half their losses Interest focused once more on takeover and rumour
        Reuter  -  870 words
      • Article, Illustration
        Lock icon Market opens firmer
        1005 19 London Reuter LONDON SHARES opened higher yesterday morning as Hanson s surprise £3.1 billion cash offer for Consolidated Gold Fields roused the market from its early lethargy. By 0811 GMT, the FTSE 100 was 10 5 points firmer at 2,182.7 on a turnover of 49.9 million shares
        Reuter  -  1,005 words
      • Article
        EUROPEAN MARKETS ROUNDUP
        1550 19 -RANKFURT: VOLUME, .hare prices and dealers spirits soared in Frankfurt yesterday as the West German market shrugged off an expected consolidation phase to peak at new 1989 highs The real-time 30-share DAX Index hit its third new 1989 high this week when it surged 1.3 per cent
        1,550 words
      • Article
        Lock icon Some Time shareholders to vote against four directors
        647 19 Anger over offer to take over Warner NYT ANGERED by Time Inc s offer to I take over Warner Communica- i tions Inc. a number of Time long-term shareholders plan to vote against the re-election of four Time directors at the annual
        NYT  -  647 words
      • Article
        Lock icon Beecham shareholders for merger
        62 19 AFP SHAREHOLDERS of the British pharmaceuticals group Beecham have voted by an overwhelming majority to approve a merger plan with the US group SmithKline Beckman The plan, which was announced jointly by the two groups on April 12, will create the world s second-big-gest pharmaceuticals company,
        AFP  -  62 words
      • Article
        Lock icon Elf extends tender offer
        55 19 Reuter ELF AQUITAINE Inc said its AC Development Inc unit extended its USsl32-a--share tender otter tor Pennwalt Corp to July 7 trom June 23. The company said that under the tender, it had received 4.314.197 shares of Pennwalt as of June 21. Pennwalt has about 4,913.802
        Reuter  -  55 words
      • Article
        Lock icon Paramount to extend expiration date for Time tender offer
        108 19 Reuter PARAMOUNT Communications Inc said it intends to extend the July 5 expiration date on its tender offer for all Time Inc shares until after a Delaware court hearing on July 11, and after a decision. The Delaware court will hear
        Reuter  -  108 words
      • Article
        Lock icon Suchard opens its share register to foreign investors
        355 19 FT JACOBS SUCHARD. the Swissbased coffee and chocolate concern, is to allow foreigners to own its registered shares. This is the first such move by a leading Swiss company since Nestle, Suchard's rival, announced a similar step last November Zurich Insurance stated
        FT  -  355 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      245 15 These securities have been sold outside the United States of America and Japan. This announcement appears as a matter of record only. NEW ISSUE (Asian Tranche) 22nd June, 1989 KOBE STEEL, LTD U. 5.5600,000,000 4 per cent. Bonds 1993 Warrants to subscribe for shares of common stock of Kobe Steel,
      245 words
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      Page 15 Advertisements Column 2
      232 15 CURRENCY INVESTMENT j Wll KK AN I XI'KI SS h.WK TEL: 321 3333 This announcement appears as a matter of record only 22nd June, 1989 KOBE STEEL, LTD, U. 5.5600,000,000 4 per cent. Bonds 1993 with Warrants to subscribe for shares of common stock of Kobe Steel, Ltd. Issue Price
      232 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      190 18 NOTICES \t an General Sompanj 1989 the resolut passed: That wound v that Am ing of Hunter 1 tified P of 11 D 1 Cathay pore 092 appoint for the winding IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND DUNEARN INVESTMENT TRADING (SINGAPORE) PTE. LTD. (In Members' Voluntary
      190 words
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      Page 18 Advertisements Column 2
      319 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LI-LYE (PTE) LTD. (IN MEMBERS' VOLUNTARY WINDING UP) t an Extraordinary Gen--al Meeting of the Memers of the abovenamed ompany duly convened nd held at 6001 Beach ,oad #09-10. Golden Mile ower, Singapore 0719 on 16
      319 words
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      Page 18 Advertisements Column 3
      335 18 MODERN PACKAGING INDUSTRIES PTE LTD (Incorporated in Singapore) LOST SHARE CERTIFICATES Notice is hereby giver that share certificates numbered 21. 24 and 30 covering 176 640 shares in the name of Tyler Inc. have been reported lost Notice is also hereby given that new share certificates will be issued and
      335 words
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      Page 18 Advertisements Column 4
      9 18 Managers must manage. BT shows you how every Monday.
      9 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      8 19 When people want quick results, tHey call CATS.
      8 words
    • Advertisement
      Page 19 Advertisements Column 2
      284 19 AN OPPORTUNITY TO JOIN A LEADING INTERNATIONAL BANK t We are looking for a dynamic and suitably qualified individual to fill the following newly created position based in Kuala Lumpur: SENIOR CORPORATE BANKING MANAGER Corporate Banking Division Malaysia Reporting directly to the Head, Corporate Banking Division, you will be actively
      284 words
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  • Article
    Lock icon China warns US and others not to interfere China warns US and others not to interfere
    505 20 SEVEN MORE EXECUTED, 13 'TAIWAN AGENTS' ARRESTED Jl The China question Agencies STRAINED RELATIONS between China and the United States stretched thinner yesterday as China warned the US and other countries not to attempt
    Agencies  -  505 words
  • Article
    Singaporeans' apparent disinterest in China turmoil questioned
    465 20  -  By FOO CHOY PENG SINGAPOREANS' apparently muted reaction to China s political turmoil has sparked off a small debate in the colony. The debate, carried out in the letters-to-the-editor page of the South China Morning Post, one of the colony's two English dailies,
    465 words
  • Article
    Lock icon Hanson makes £3.1b bid for Cons Gold
    288 20 Reuter BRITISH industrial conglomerate Hanson pic said yesterday it had made a bid of £3.1 billion for London-based mining group Consolidated Gold Fields pic. Hanson, with interests ranging from building materials to food retailing, said its offer amounted to a cash payment of
    Reuter  -  288 words
  • Article
    Lock icon Taiwan to admit foreign securities firms
    278 20 AFP. Reuter FOREIGN SECURITIES firms will be allowed to open subsidiaries in Taiwan as of next year, Securities and Exchange Commission (SEC) director Chang Pang-chang announced yesterday. Three foreign securities firms will be granted licences next year to engage in local securities transactions and
    AFP.; Reuter  -  278 words
  • Article
    Polytek to make $4.4m if SK Building sale goes through
    434 20  -  By ELAINE KOH POLYTEK Wearnes Hold- i ings stands to make a neat profit of $4 4 million if it succeeds in selling i half of a building it bought lust over a month ago. The Sesdaq engineering and trading
    434 words
  • Article
    Asean urged to give priority to petroleum development
    464 20  -  By LILIAN ANG ASEAN countries were yesterday urged, regardless of differences in resource endowment, to give priority to petroleum development activities and depend less on Middle East oil supplies. The call was made by Datuk Leo Moggie, Malaysia s Minister of Works,
    464 words
  • Article
    Lock icon Eight financial institutions under Bank Negara's charge
    149 20 Bernama BANK NEGARA has assumed control of four commercial banks and four finance companies which incurred accumulated losses totalling M 51,586 5 million as at the end of May, Deputy Finance Minister Datuk Loke Yuen Yow said in Kuala Lumpur yesterday. He said
    Bernama  -  149 words
  • Article
    Lock icon Khmer Rouge wants Viet army observer
    195 20 UPI THE Khmer Rouge guerilla group yesterday called for the inclusion of a Vietnamese army representative in a United Nations monitoring force to oversee the withdrawal of Vietnamese troops from Cambodia, Khmer Rouge Radio said. "The mission of the Vietnamese army delegate should terminate
    UPI  -  195 words
  • Article
    Lock icon Comex gold and silver
    96 20 Reuter COMEX gold futures yesterday fell on early profit-taking which was attracted by Wednesday s closing rally on heavy stop-loss buying. August gold lost US$l.lO at US$374 60 an ounce, chopping into yesterday's advance of US$6 10. Comex silver futures re- treated on disappointed selling after
    Reuter  -  96 words
  • LATE FILE
    • Article
      Lock icon Japan-EC microchip deal
      55 20 AFP JAPAN has agreed to scrap part of a controversial 1986 agreement with the United States that indirectly controlled prices of Japanese exports of semiconductor devices to the European Community. An EC spokesman said yesterday the community was also concluding its own deal with Japan on microchip
      AFP  -  55 words
    • Article
      Lock icon World Bank gets US$142m loan
      39 20 AFP THE World Bank said it signed an eight-year loan for US$l42 million yesterday with a group of 56 Japanese regional banks led by Bank of Yokohama Ltd as lead manager and agent. AFP
      AFP  -  39 words
    • Article
      Lock icon Capel voted best investment firm
      38 20 Reuter JAMES CAPEL, owned by Hongkong and Shanghai Banking Corp, was voted best UK overall investment research firm for the 10th consecutive year in the Extel Financial Ltd poll of investment managers. Reuter
      Reuter  -  38 words
    • Article
      Lock icon Sydney waterfront hit by strikes
      38 20 AFP STOPPAGES hit Sydney's waterfront and airport yesterday as part of two festering industrial disputes. Waterside workers went on strike for 24 hours in pfotest against proposed changes to their work practices. AFP
      AFP  -  38 words
    • Article
      Computer link-up for France, NY
      41 20 NOUVEL OBSERVATEUR, the French magazine and videotex group, had reached an agreement with New York Telephone (NYT) company which allows their clients in France and New York State to link up, the French firm said yesterday.
      41 words
    • Article
      Lock icon Air traffic to grow 5.3pc yearly
      45 20 UPI GLOBAL air passenger traffic will grow by an annual average of 5.3 per cent through the year 2000 with a 57 percent growth in the number of civilian jet aircraft, an International Labour Organisation study said yesterday. UPI
      UPI  -  45 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      336 20 SES special supplement ITS BACK! BT's special annual supplement on the stock exchange. A sellout when it waslaunched last year. And required reading again this year, with topics such as: The China Crisis and Singapore's stock market. Which stocks where? Experts offer their views on the world markets. After CLOB?
      336 words
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      Page 20 Advertisements Column 2
      24 20 China inches towards bankruptcy as tourists stay away, Page 11 Group set to rake in $5m protit on 31 Peninsula Plaza units. PAGE 2
      24 words
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      Page 20 Advertisements Column 3
      318 20 sagasa D D D D D D D D D D D D SCSiE JkicPdcSa RDES At' A. tLcDGTcfI □cQDdcQ .Ia ># *fk CJf O .A. *£<11 lL$ [HH] "Cooperation Development" Shandong, China Singapore Venue THE MANDARIN HOTEL, 4th Floor Main Building Q Da(e 24th June to 2nd July, 1989
      318 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Foreign orders steady in May
        101 21 Reuter FOREIGN ship orders received by Japanese yards numbered 19 ships totalling 600 100 gross registered tons (grt) in May after 19 ships of 589 725 grt in April, the Japan Ship Exporters Association said The May figures compare with eight ships totalling 354,600 grt
        Reuter  -  101 words
      • Article
        Lock icon Drop in coal shipments
        100 21 Reuter CONSOLIDATED Rail Corp said its online carloadings of coal were down significantly due to the coal miners' strikes in the eastern US. A Conrail spokesman said in reply to a query that Conrail had so far laid off about 20 workers due to the strikes,
        Reuter  -  100 words
      • Article
        Lock icon Heavy port traffic at Dar-es-Salaam
        97 21 Reuter TRAFFIC was heavy at the port of Dar-es-Sa-laam. More than 20,000 tonnes of Zambian copper were shipped out, up from 19,000 in the previous seven-day period, shipping agents said. The agents raised their estimate of the volume of copper that would be shipped to
        Reuter  -  97 words
      • Article
        Exxon Valdez to be towed today
        172 21 THE TANKER Exxon Valdez, which caused the biggest oil spill in US history, will be towed today from Alaska to California for repairs, Exxon Corp said, even though it may still have holes in the hull. Exxon spokesman Jack Holleran said the US Coast
        172 words
    • Article
      Keppel's Manila subsidiaries to increase market share
      495 21  -  By AL O LABITA Jr, writing for BT from Manila KEPPEL Corporation's Philippines subsidiaries are increasing their market share for shiprepairing. "In fact, our market share in the Philippines for the first five months of this year was much better than last year,"
      495 words
    • Article
      Index to advertisers
      1075 21 ABBS tin* XI! 4 5 ABC Ccntoi"«*li«« XI 5 vm 3 4 Accord S*pg AES XIII 3 Anr«nfct#l l.««* XII 5 AC To«pf«f xiii 5 Arrow I'"** XI 5 Auoc Corr.og# XIII 5 ANl IH 1 2 Arc lioe VII 4 API v 3-5 ASCI V 1
      1,075 words
    • Article, Illustration
      Kansai to upgrade facilities in Jurong
      468 21  -  By RAHITA ELIAS,ANGELA BOEY MAJOR paint manufacturer Kansai Paint (Singapore) is to invest $8 million over the next two years to upgrade and expand its facilities in Jurong. "A major proportion of the total investment will be spent on the upgrading of our technical
      468 words
    • Article
      Malaysia to open first ICD in Kuala Lumpur
      493 21  -  By G DURAIRAJ MALAYSIAN Transport Minister Dr Ling Leong Sik will open the first inland clearance depot (ICD) today in Kuala Lumpur operated by Malayan Railways. The depot located in Brickfields, about 50km from Port Klang. will mark a major step forward
      493 words
    • Article, Illustration
      Lock icon Insurance: extra territorial risks
      793 22 Bevond the control of operators Intermodal Asia A FULL container ship which overturned last year, j injuring several longshoremen in Seattle, resulted in a claim against the sea carrier and the terminal operator who had stuffed the container at his CFS j in Yokohama It was
      Intermodal Asia  -  793 words
    • Article
      PPA awards contract to Pacific Consultants
      339 22  -  -By AL O LABITA Jr PACIFIC Consultants, Inc (PCI), a Japanese firm, has clinched a US$l million engineering contract for the construction of a huge Philippine port that will relieve Manila s North and South harbours of heavy domestic and international cargo traffic. In
      339 words
    • Article
      Lock icon UK court clears way for union to hold strike ballot
      201 22 Reuter FURTHER industrial trouble was forecast for British ports after the nation's highest court cleared the way for the Transport and General Workers Union to hold a national strike ballot among dockers. The House of Lords has lifted a court
      Reuter  -  201 words
    • Article
      Lock icon EC approves aid to Portugal but rules against Bonn, Netherlands
      232 22 AP THE European Commission has approved aid to shipbuilding in Portugal but had ruled against shipbuilding subsidies in West Germany and the Netherlands. The commission said that a Portuguese programme to subsidise shipowners for up to 20 per cent of
      AP  -  232 words
    • Article
      Shipping events
      356 22 June 27-30 Ocean carriers, Lloyd's of London Press shipping seminar. Horse Guards Hotel, Whitehall Court. London June 28 Reinsurance Offices Association annual general meeting (details: ROA, Aldermary House, Queen Street, London EC4) July 10-13 Propulsion systems. West European Graduate Education Marine Technology 12th Graduate School organised by the
      356 words
    • Article
      Bunker report
      538 22 Density Water Carbon Residue Ash Aluminium Sediment KG/M*3 v/v M/M M/M PPM M/M Exxon method ISO/Clmac limits Spec E25 Spec G35 991 991 1.0 1.0 15.0 18.0 0.10 0.15 30* 30* 0.15* 0.15* Northern Europe 180 Ave 180 Max No above E25 984 993 9 0.2 3.0 2
      538 words
    • Article
      Who acts for whom ...
      2330 22 Who acts for whom A— B J AB Shipping Boustead Shpg Agenciee (S) ABBS Lin* -SMS Pl« ltd (S)/Tunaa Setia (PK/KL) ABC Containertine NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Lin* (PK/PN) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepter Ocaanua Shipping Agancy (S)/Muttlport Sdn Bhd
      2,330 words
    • Article
      Argentine yard wins US$100m ship order
      313 23 DUTCH shipowner Van Nievelt Goudriaan has placed a US$lOO million order for four 64,000 bulk carriers with Argentina the first time a Western European owner has gone to the country for new ships in many years. The ships would be built by state-owned Astilleros
      313 words
    • Article
      ANL boosts fleet in Tranztas service
      150 23 AUSTRALIAN National Line (ANL) has its fleet with a newly acquired vessel. The 14 245 tonne vessel. Tranztas Trader, is being deployed in the Tranztas service to New Zealand together with the Australian Trader. "For our Australian and New Zealand customers, it will mean
      150 words
    • Article
      LR's Redo project
      152 23 LLOYD'S Register is heading an 11 million ECU (European Currency Unit) project to secure major improvements in the maintenance, validation and documentation of large software systems The project Redo, which has 11 European partners, will be run until the end of 1991. It has five main goals:
      152 words
    • Article
      London Freights
      533 23 THE LONDON dry cargo freight market was extremely quiet and the Baltic Exchange was sparsely attended due to Wednesday s UK Rail and London transport strikes, brokers said. Offices were generally working with reduced staff and little new enquiry circulated openly they added However, one grain house is
      533 words
    • Article
      SHIPPING LIST where your ships are due...and when
      13481 30 AARHUS City of Edinburgh Triot. June 22 Yin He, China Ocean Shpg. June 23 Norasia Singa Norasia Line. June 23 Ming Prominence Yang Ming June 24 Ever Grade Evergreen June 24 Seiandia ScanOutcht June 26 Kutai Diasagetn June 27/29 Chun He China
      13,481 words
    • Article
      Ships in Port
      790 30 AT CONVENTIONAL WHARVES Vessel Voy No Berth Arrival Departure Keppel Wharves Arrow Queen Borussia C Abidjan Equotor 5 Gold Future Koto Koto Mesra Koto Mulia Moleson Ned Rouen Niogo 28 Rajah Brooke Sontana Shdwno Pfong Str Hope Thomoseveret Trans Bay Yuheng 2 April Gl Bossem Ou Muhiboh
      790 words
    • Article
      Container schedules
      997 34 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Location G5 C3 F2 G2 H7 Q2 02 E8 A8 A7 Ship Voy date/time cargo schedule KuO lung 3 Meier Stiofhbroro 906 132 8910 23 06 89 1700 23 06 89 2000 2306 89 2100
      997 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      31 21 of. mum A lively way with words Available at aU good bookahopa Federal Publications For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fex: 253-2821 Tlx: RS ***** BTAD
      31 words
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      Page 21 Advertisements Column 2
      17 21 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association
      17 words
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      Page 21 Advertisements Column 3
      228 21 "The Illustrated Encyclopedia of Wildlife" I ortnightly at all good bookshops and news-standi Halite TV STP DtstrHxitorß r^\e \yc <&A o^^SSs^ Go^^ ei >fe§# << The Straits Times Weekly Overseas j Edition. It's the weekly newspaper, printed on light weight paper in convenient I tabloid size. 1 It carries business,
      228 words
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      Page 21 Advertisements Column 4
      121 21 Beyond control WITH the advent of the container, the scope for undiscovered acts of negligence, the results of which are manifested later down the track, is much greater. Generally, the traditional insurance market has not kept pace with the technological changes that have taken place in the field of intermodal
      121 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      1091 23 OOCL «w/ [gjj] JARDINE SHIPPING AGENCIES >00 Cantonment Road #12 05 Southpoint. Smgapoie 0208 Tel *****1! TELEX NO RS ***** TERMINAL CES Tel *****18 220 BOOKINGS TH *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEL *****18 Tel«« No MA***** MA***** PENANG TEL *****4 TELEX NO MA400?3 CES
      1,091 words
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      Page 23 Advertisements Column 2
      908 23 DESTINATIONS 'Port *P«n®ng I. form* US Got* US AManlK C *"<•<!* Ail si— b* 26/7 27/7 28/7 29/7 2/8 3/8 4/8 I 5/8 9/e 11/8 12/8 I 12/8 16/8 ia/8 18/8 23/8 25/8 25/8 30/8 1/9 1/9 6/9 8/9 8/9 13/9 15/9 15/9 22/7 24/7 29/7 31/7 5/8 7/8 12/8
      908 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      599 24 Page IV U Hapag-Lloyd I CONTAINER SERVICE TO UK/CONTINENT I LONDON EXPRESS KASUGA 1 BONN EXPRESS CARDIGAN BAY BENALDER KURAMA MARU BENAVON TOKIO EXPRESS P KELANG SOUTHAMPTON 30/6 18/7 HAMBURG BREMEHHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST GOTHENBURG MALM H£LS,NKI OSLO, AMSTERDAM. CARIBBEAN S. AMERICA
      599 words
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      Page 24 Advertisements Column 2
      444 24 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUO) EXPRESS SEMI-CONTAINER SERVICE TO WRTHBOUND TO UKC S PORE RDM/A DAM HBG HULL (U.K.) TAUSALA SAMOA V 15N 15/7 11/1 16/« CLYDEBANK V26N l«/« 12/1 l«/» TAMAITAI SAMOA V-16N 20/9 17/10 21/10 25/10 'Alto Aamtint FCI to Airtw»rwßf«mwF»lii»to»«(SouWijiiw»on/B«Mi»VCa«h«nbur| A NEW (ASIA-SOUTH
      444 words
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      Page 24 Advertisements Column 3
      828 24 REGULAR INDEPENDENT FULL CONTAINER SERVICE FIXED DAY WEEKLY TO EUROPE MEDITERRANEAN ADRIATIC RED SEA DEPARTING EVERY FRIDAY COMMENCING "NORASIA SINGA" V. 8913-3 MMyi AfifHTS NORASIA AfiCNCIES |l| fJI LTD it mm m. m tmh INK «7 Til: HMM TUt MS U Z42M Ftt ZtMtl P ft!LAW PIMM CfWIUMM SINPPHIfi UN
      828 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1253 25 SHIPPING TIMES, Friday, June 23, 1989 w* p&0 Containers CONTAINER SERVICE TO UK/CONTINENT: LONDON EXPStSS H ASUGA 1 BONN IXHKSS CARDIGAN BAY ftURAMA HARU BENAIOCR UNA VON TOKIO tXWISS PTOSPM 05/7 06/7 «7 U/7 12/7 14/7 I*7 21/7 W rfINTAINERSHIP SERVICES TO[FROM BANGKOK PEGASUS PIONEER V3SN ,un PEGASUS PROGRESS VS73N
      1,253 words
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      Page 25 Advertisements Column 2
      968 25 E&.CHO YANG LINE WESTBOUND WEEKLY EXPRESS INOEPENOENT FAR EAST/EUROPE FULLY CONTAINERISED SERVICE HANJIN HASAN 049* W w HANJIN LEHAVRE t»?W W »j J" QUEEN S*AY BRIDGE DOT* V CHOYANC PARK 003* W 2 Also accepting for Inland UK Jest whom Antwerp Scandanav.an ports FMG FLOTA MERC ANTE S A (NATIONAL
      968 words
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      Page 25 Advertisements Column 3
      68 25 PT. PELAYARAM MUTIARA SAMUDRA AGUNI KUALA SIAK II 1M «AI« (StKWAM) mp 23/6 OUMAI/P£RAWArIG ABAOI JAYA 24/6 P. BARU/P€RAWANG 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 4 operators of
      68 words
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      Page 25 Advertisements Column 4
      335 25 Hai Sun Hup Co (Pte) Lid TEL *****06 (20 Llnva) TLX R5220«1 A R*****2 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS Also calls E L AGENTS: HAI SUN HUP CO. (PTE) LTD. SINGAPORE TEL: 220*906 SUB AGENTS PORT KEIANG TEI *****% KOTA KINABAIU TEL 221 SB PENANG TEL 6202H JAKARTA
      335 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      513 26 rant* v i m SINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES m IRANIAN SERVICE IRAN TEYFOURI PJL7O7 Singapore Eta 8 7 loading for TITTowaV KYOWA LINE INTRODUCING KYOWA FAST DIRECT B'BULK/CONTAINER SERVICE FROM SPORE/PK TO GUAM/SAIPAN AND MICRONESIA PORTS A' VSL (TBN) MICRONESIA PORTS •MICRONESIA PORTS DIRECT
      513 words
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      Page 26 Advertisements Column 2
      674 26 TO EUROPE VIA SUEZ ANIIN MASAN 049W 246 ANIIN LI HAVRE 002* 1/7 UEEN S *AT BRIDGE 009# 8,7 HOYANG PARK 003W 15,7 TO FAR EAST PORTS HANJIN SHIPPING CO., LTD KVI-l-V CONTAINERISED SERVICE II TO USA PACIFIC SOUTH WEST TO PACIFIC NORTH WEST CANAOA :hoyang park owe lANJIN OAKLAND
      674 words
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      Page 26 Advertisements Column 3
      241 26 78. 2nd Floor. Jalan J/71. T«m«n Tun Of tamaN. *0000 KL. T«l *****34. *****94, *****20 TLX NO MA ***** FAX 03-*****11 P.n.nfl OP T«l: *****7. *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTMEPSLINE BEGULAB L>NfP SEPVCES fOONK>«Ti' SAILING! KING «ONG "OWf <ELANG KNANG BANG»C><
      241 words
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      Page 26 Advertisements Column 4
      851 26 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVER CI 081 EVER GENIUS EVER GIANT EVER GENTRY EVER GATHER ALSO ACCEPTINC CARGO TO: 1) PROViOENCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO DETROIT COLUMBUS OTHER MAJOR MICROBRIDGE DESTINATIONS BALBOA lIMON 4) MONTREAL TORONTO VIA NEW
      851 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      917 27 SHIPPING TIMES, Friday, June 23, 1989 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, «03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES FAR EAST VESSEL MAJAPAHIT GOWA HAI GUANG JAKARTA VESSEL SEA ORAGON SEA HAWK GOWA SEA HAWK SEA HAWK NGO KOB 13/7 IS/7 22/7 23/7 3/1 4/8 SURABAYA/SEMARANG VESSEL SEA
      917 words
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      Page 27 Advertisements Column 2
      493 27 \r> BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Lar|s Bay London fip>«> Kaluga 1 Bonn Eip>*u i Cardigan Bay ißenald*' IKurama iJ'u •Benavon ITokio Eipreis IPfOlO*' lOtaka Bay (Tol*|a Bj, EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Bonn [ip»u (.J Se.ne Toiaga Bay TASMAN ASIA SHIPPING TO NEW CALEOONIA HJI AND
      493 words
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      Page 27 Advertisements Column 3
      447 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. BESUII LLOYD P.T. BAMUPEM IMMWESIA P.T. TIIKOBA LLOYD aamu sew cintmnusmip service* smm*ire ti eumpe VSL/VOY KUTAI'I/WB I j BONTANG II*B S PORE ANTWERP H'BURG/ RDAM ADAM BREMEN 27 7*i W »/7 (ACCEPTING CONVENTIONAL AND CONTAINERISED CARGO) 15 11/7 12/1
      447 words
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      Page 27 Advertisements Column 4
      473 27 BOUSTEAD SHIPPING AGENCIES MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok THE BANK LINE SEMI-CONTAINER SERVICE ORTHBOUND TO UKC AUSALA SAMOA VISN LYDEBANK V26N AMAITAI SAMOA VI6N SPORE RDAM HMBG HULL 15/7 11/8 16/8 20/8 14/8 12/9 18/9 21/9 20/9 17/10 21/10 2S/10 EXPRESS
      473 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1052 28 OOCL FORTUNE AMBASSADOR BRIDGE NEPTUNE GARNET OOCL FAIR VIA FEEDtR Kline KAWASAKI RISEN KAISHA. LTD. N. AMERICA-ATLANTIC COAST •PK/PNG SGP FEEDER VESSEL OOCL FORTUNE AMBASSADOR BRIDGE NEPTUNE GARNET OOCL FAIR •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST MOTHER VESSEL MACKINAC BRIDGE BROOKLYN BRIDGE GEORGE W BRIDGE MANHATTAN BRIDGE CHICAGO 27/7 3/7
      1,052 words
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      Page 28 Advertisements Column 2
      769 28 ///6 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers DAS V 43 IDAS V 6 OAS V 44 IDAS V 43 Singapore Motlvr Vsl 30 June 25 Jul* 20 Aug 14 Sept P Kelang Penang By Feeder By feed) ft June 25 June 20 July 15 Aug 9 Sep* K July
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      Page 28 Advertisements Column 3
      488 28 r A GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23 Tetofc *»f Street SINGAPORE 0104 TEL H4MU (10 LINES) fa. 534H04 STRAITS/PERSIAN GULF SERVICE: GOLDEN ITONDER Colombo/Karachi Dubai GOLDEN HAVEN Colombo Karachi Dubai CHINA SERVICE CUSHAN Dalian S'pore P Kelang Penang 21/30 June 12/14 July CHINA OCEAN SHIPPING CO., PEKING
      488 words
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      Page 28 Advertisements Column 4
      566 28 PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD <*07-12 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 RMDM.E EAST/FAR EAST FCL LCL SERVICE ETA SINGAPORE 22/6. 6/7. 19/6 23* »/t 1 iH JEDDAH (ICL) WEEKLY AQABA HODEIOAH H KONG. KOBE, TOKYO. KEELUNG, KAOHSIUNG MANILA. BANGKOK BUSAN. JAKARTA
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      1310 29 SHIPPING TIMES, Friday, June 23, 1989 r nts S pote NEPTUNE AGENCIES PTE LTD NEPIINE SON BHD Bookings ft lU/AUST *****53 *****19 *****18 <CR NO. I**********E) EXPORT TO-EUROPE UK (VIA SUEZ) NEPTUNE ORIENT LINES LTD FROM EUROPE/ UK (VIA SUEZ) I II H>K \SIiVO% Perkasa IVrkasa HIS IVrk*»a H2S IVrka~»
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      Page 29 Advertisements Column 2
      968 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 213W RS ***** RS ***** 2*7 UA Tltn cmiPPiNC 177 P*uo« Street Renin. M»>a,s a MS HANOUNG SYSTEM CO SDN BMO »AcJi *2
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      477 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. IH 22b 6868 (34 Imesi FA* 22b2439 *****/6 TIUX RS 29J88 A B SSCMA HS ***** A H SSCAO DSR-LIMES VEB DEUTFRACHT SEEREEDEREI ROSTOCK <1 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND SIN *ICA ANT RDM HBG RST
      477 words
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      Page 30 Advertisements Column 2
      101 30 w T.S.K. Wtm* CONTAIN€«IS€O SIAVICI WfH rIX C O/VARRWAI EXPORTS TO TAIWAN JAPAN QTiQ^HQBmGBCdESaCSBdCaCiJII ■EHEJifaUiIMHIIMEBEBHBI ESIKilKilBI&llilBiQfllifl HAKUSAN II V 7 CONTINENT V? 3 KABUKI V 23 HERMES ACE V? 3 HAKUSAN II V* CONTINENT V 24 IMPORTS FROM JAPAN TAIWAN IQBQBCZacaiQiacSGCBCfIQB CONTINENT VM KABUKI W3 HERMES ACE V 73 HAKUSAN
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      151 30 HOA+iOWj Regional Weather I vi ZjUc i W °3' ■>8 -Vos X V y* &m t SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. June 23. 1989 RT empecotur e ✓> Thunderstorm Wraith* W.nd direction with speed m Knots Showe» Ro<n Wove height Cloudy Sky Woe* -">4» md-cot«» b» 0"0«
      151 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      747 31 TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 IRAQI LINE IRAQI STATE ENTERPRISE FOR WARITIWE TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR IBN ALROOMI Sid Iraq/Japan THROUGH B Is to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING CONTAINERS/CONVENTIONAL
      747 words
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      Page 31 Advertisements Column 2
      315 31 RICHFIELD MARINE AGENCIES (S| PTE LTD TEL: *****33 (10 Lines) FAX *****15 TELEX RS ***** RISHIP (3 Lme») Ifm mmm vmmjma I irt« ol Ethwtfa) ACCEPTING FCL AND CONVENTIONAL PtN/PKG ETA SPORE ABBAY WONZ 22" VOV 20WB loading foa DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAAA MOOEIDAM VUT AJHo Other ports along
      315 words
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      Page 31 Advertisements Column 3
      913 31 v CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 HONGKONG/ CHINA BANGKOK P. KELANG/PENANG BUSAN KEELUNG/KAOHSIUNG MANILA TOKYO/YOKOHAMA JAKARTA SYDNEY/MELBOURNE FREMANTLE PORT MORESBY/LAE COLOMBO LOS ANGELES/INLAND PORT AUCKLAND ROTTERDAM/ANTWERP HAMBURG FELIXSTOWE/LONDON P KELANG: 03 *****35 PENANG: 04 *****9 BANGKOK: *****21 HONG KONG: 03 *****8 CCNI COMPANIA CHILENA DE NAVECACION INTEROCEANICA SA
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      Page 31 Advertisements Column 4
      235 31 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE SSEI GER BAY 71N 27/6 4/7 8/7 STAROSTIN AIOSIB9 27/6 2/7 :ean sincerity isa m W JSAK 70N 3/7 10/7 lUATOR PRIDE 03A 5/7 11/' YAMBURENKO USIB9 6/7 UVE 9107 6/7 11/7 STAROSTIN AIISIB9 12/7 12/7 14/7 13/7 i 7/7 28/7
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      Page 31 Advertisements Column 5
      92 31 yMFARGO SHIPPING V Te1:224 01S2 CONTAINERLINE ABC TO AUSTRALIA/NEW ZEALAND DIQIIGI9 vs. ANTWERPEN 22t TUT EXPRESS 221 I. HUDIG 279 BRUSSEL 231 1* DAYS TO SYDNEY! TO USA/CANADA Also accepting cargo to USA Houston. Savannah. Tampa. Jacksonville. Hilmington (Del) Norfolk Baltimore. New York. Boston CANADA Montreal. Toronto. St John FROM
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      Page 32 Advertisements Column 1
      200 32 4MEIGO SHIPPING TRADING (PTE) LTD #11 03 PARKWAY PARADE TEL *****00 FAX: *****51 J CABLE: MEICOSHIP TLX: RS 20m MEIGO REGULAR CONVENHOWAL_SERVICE SINGAPORE/PHILIPPINES CENTRAL MINDORO 27-29/6 MANILA. BATANGAS. CEB SINGAPORE/TAIWAN/HONG KONG KRASNOCORSK 1-5/7 HONG KONG SINGAPORE/FAR EAST LILY ALICE 3-5/7 BUSAN s OUBAI'SHARJAH/ABU DHABI/MINA QABOOS/SALALAH/OOMA/ BAHRAIN/DAMMAM/RIYADM/KUWAIT/BANDAR ABBAS NEXT CONSOLIDATION: FROM
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      Page 32 Advertisements Column 2
      704 32 OcerdSeruice k 5 ti onr 600 tarminals/offieM in U AA. ura over 35,000 tractors trucks, over 60,000 potato In UiA reliable LCL/FCL atrricn. General Agents: Vj&VawJ/aVI PENANG KL: allied-link SINGAPORE: 04-*****2 03-*****55 778 6522(22 lines) Merine Ong Suun Ng/Christine Chiew Eleine Teo/Esther Yap transintra shipping (Singapore) pnvalc limited X Cargo
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      604 33 SHIPPING TIMES, Friday, June 23, 1989 Everett Lines (T LOADING FOR CALLAO. MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION Penang* P. Kelang Singapore MURRAYEVERETT 6/8 Jul 9/11 Jul \A MURRAYEVERETT THOMASEVERETT KAMALEVERETT Singapore 9/11 Jul 25/27 Jul
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      Page 33 Advertisements Column 2
      447 33 Zl JLL CONTAINER SERVICE accepting FCL/LCL cifjoe* to USA East i West Cwst. imbbean East Canada HAITI Costa Rkj El Salvador Honduras sneiuela Peru Ecuador Colombia via Miami Trinidad Barbados. Antigua St icia Montserrat Guayana via Kingston laarri l| IM' I* I liM A VESSEL 24(6 Zl* LIVORNO I*7 2*7
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      Page 33 Advertisements Column 3
      723 33 fill ILI k L» SHWPMta mANSPOHfAIION (Pit) LTO WEEKLY LCL/FCL SERVICE FOR BOOKING ENQUIRIES. PLEASE CONTACTPORT KELANG 24 JUNE MANILA 26 JUNE HONG KONG. ALL CHINA PORTS 24 JUNE KEELUNG. KAOHSIUNG 25 JUNE BUSAN 23 JUNE TOKYO. KOBE 23 JUNE CHITTAGONG 25 JUNE DUBAI 24 JUNE SYDNEY. MELBOURNE 3 JULY
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      Page 33 Advertisements Column 4
      510 33 weekly pull container service. ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VOY SINGAPORE JAKARI TANTO SEJATI TANTO UTAMA TANTO SEJATI TANTO UTAMA General Agents ASIA PERINTIS LINES PTE LTD 80 Anson Road #25-04 IBM Towers Singapore 0208 Tel *****33 Tlx ***** A/B PTASIA FAX *****53 CR NO **********0
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      Page 33 Advertisements Column 5
      444 33 PTC CONTAINER LINES FCI LCI SERVICE y Z FAR EAST KEELUNG/KAOHSIUNG BANGKOK MANILA JAKARTA PORT KELANG/PENANG BUSAN TOKYO/YOKO/KOBE HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai EUROPE/UK LDN/FLX/LVP/SOU RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to all Europe inland destinations USA/CANADA L.A./NYC/SFO VANCOUVER/TORONTO/MONTREAL AUSTRALIA/MEW ZEALAND SYD/MELB/ADEL/FREM AUCKLAND/WELLINGTON PAPUA NEW BUINEA P. MORESBY/RABUAL/LAE
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      Page 34 Advertisements Column 1
      405 34 SEE PAGE X for Ships In Port V* WAN HAI LINES WEEKLY CONTAINERISED SERVICE EXPORTS TO FAR EAST 1 QUTBOUNO Yl CHUN *200 WAN CHUN *228 KAI SHUN V 163 Y! CHUN *201 WAN CHUN *229 IMPORTS FROM FAR EAST 1 INBOUND Yl CHUN *199 WAN CHUN *227 m Yt
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      Page 34 Advertisements Column 2
      729 34 tar JE CONTAINER LINE v TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST 24/6 ft 1/7 24/6 ft 1/7 25/6 i 2S/C 2S/6 4 28/6 25,* 24.6 25/6 ft 21/6 25/6 ft 2»/6 MANILA BUSAN TOKYO KOBE NAGOYA YOKOHAMA OSAKA 25/6 t 21/6 23/6
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      Page 34 Advertisements Column 3
      492 34 MfC Mitsui OS K Lines. Ltd A FULL CONTAINER K/CONTINENT (TRIO) lar "Hsr sp ST" sr s g gj a; rms w a? ss \EDITERRANEAN (MED CLUB)* i Acuptinf Cff for %t Cefnhf* A»rt*». GothCTkur*. fclmo StafcMw. to Antwp. AmfrOtK Oslo Stockhotw Holiinki To •raum I* ill UK tatinatwnt. B*l««6t
      492 words