The Business Times, 7 July 1989

Microfilm: NL16672
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, JULY 7, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    249 1 Dow up WALL STREET stocks showed a firm tone early yesterday with trading slow ahead of the US jobs data due today. The Oow was ahead three at 2460 and gainers led declines by a small margin. Reuter Footsie up LONDON share prices were firmer at mid-day
    249 words
  • Article
    Hotel Prop plans $150m Cuscaden Road hotel
    530 1  -  600-room hotel expected to be ready by 1991 By ELAINE KOH HOTEL PROPERTIES Ltd, the high-profile group controlled by Ong Beng Seng and Peter Fu. has plans to develop a 600-room hotel in Cuscaden Road at a cost of $150 million, a project
    530 words
  • Article, Illustration
    Beng Seng in 'future business leaders' list
    409 1  -  By MAGDALENE NG MR ONG BENG SENG of Hotel Properties has been named by The Wall Street Journal as one of the business leaders of the future the only Singaporean, and one of three Asians, from a group of 28 businessmen around the
    409 words
  • Article
    Two mega accounting mergers in the works
    779 1  -  A ANDERSEN-P WATERHOUSE AND DELOITTE-TOUCHE ROSS By ROSIE TAN IN THE WAKE of last month s merger of two of the top eight accounting firms in the world Ernst and Whinney, and Arthur Young two more mega-merg-ers are being planned that will radically
    779 words
  • Article, Illustration
    Local indices post post-Crash highs
    85 1 SHARE prices in Singapore finished higher yesterday, with the Straits Times Industrials Index and the Business Times Composite Index reaching new postCrash highs. The STI Index broke the previous post-Crash high of 1.315.29 on June 29 with a 13.55-point climb to 1,318.56. The BT Composite
    85 words
  • Article
    Arthur D Little clinches IAPG job
    453 1  -  By ANNA TEO LEADING American consulting firm Arthur D Little Far East Inc has pipped two other international management consultancies to clinch the job of developing a medium-term economic plan for Singapore. Besides Massachusetts-based Arthur D Little, SRI International and Price Waterhouse Management Consultants
    453 words
  • Article
    Lock icon KL court strikes out defence of The Star
    160 1 Bernama THE KUALA LUMPUR High Court yesterday struck out the defence of justification and fair comment put up by The Star and its group chief editor, V K Chin, in publishing two articles which Prime Minister Lee Kuan Yew alleged were libellous.
    Bernama  -  160 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      29 1 jAFr S:j| -^<1^ I I i 5 W![> t x ;<:->! (.VsU'VrrVll |f il i ,1 1--1 X xv i j A A I Jra> hi EARN UP TO 4.875
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      Page 1 Advertisements Column 2
      193 1 Editorial Comment: 12 Keeping the door open Euro-managers 12 A rare breed Modern India 13 Beckoning with new opportunities Clarke Quay restoration 2 Project attracts only 3 bids Catastrophic illnesses 3 New insurance scheme coming up Asia-Pacific cooperation 4 Not at Asean's expense Industrial products 5 Standardising quality control Bank
      193 words
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      Page 1 Advertisements Column 3
      12 1 Full report, PAGE It Rognl mkts, PAGE 20 World mkts, PAGE 21
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      Page 1 Advertisements Column 4
      248 1 Quadruple Zoom+Auto Two-Color. MINOU BT Top 100 THE BUOYANT stock market has swelled the ranks of the Billion-Dollar Club companies with market capitalisation exceeding (1 billion to more than two dozen. Find out how much your companies are worth in BT's ranking of the Top 100 on Page 11. c
      248 words
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  • HOME NEWS
    • Article
      Clarke Quay restoration project attracts only three bids
      391 2  -  By LEE HAN SHIH, Property Correspondent ONLY THREE BIOS were received for the much-publicised tender for the Clarke Quay restoration project, which closed at noon yesterday. When the Urban Redevelopment Authority announced the details at 4.30pm, the listed DBS Land emerged as
      391 words
    • Article, Illustration
      Telecom carries out walk-in interviews for postmen
      338 2 SINGAPORE TELECOM, the provider of postal and telecommunication services, does not believe in sending out letters. Not when it holds up other people's mail. So, when it wanted to recruit postmen to fill 80 slots, the statutory board, for the first time, invited
      338 words
    • Article
      Training workers to cope with automation
      367 2  -  By JOHN TAN A MULTI-MILLION dollar training programme has been set up to help workers gain a better insight into the automation drive. Under this programme, Fes-to-National Productivity Board Industrial Automation (IA) Centre will equip workers with the knowledge and skills for simple operations,
      367 words
    • Article
      Jewellers to woo Americans with their sparklers
      244 2 SINGAPORE jewellers are taking a more aggressive marketing stance overseas. Soon after their recent mission to Europe, 18 jewellers are to participate in the International Jewellers' Show and the Jewellers of America Show in New York this month. The US jewellery shows are
      244 words
    • Article
      Timber experts to gather here
      103 2 TIMBER EXECUTIVES from Europe, the US and Asia will be in Singapore to discuss the problems and prospects facing the Asian timber trade at an international conference titled "Asia's timber future: realities and opportunities". The two-day conference, from Sep 27 to 28. will be held
      103 words
    • Article, Illustration
      Lock icon Construction industry spent $2.2m on R&D last year
      427 2  -  By SUZANNE SOH WORE THAN $2.2 million worth of research and development (RAD) work was carried out in the construction industry last year. This is a 38 per cent jump over 1987 when just over $1.6 million was spent, according to a
      Source: Construction Industry Development Board  -  427 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      298 3 TED NATION is the new managing director of J Walter Thompson. And as part of the Singapore office's re-organis-ation. GRACE ATKINSON has been promoted to the position of chairman of Hongkong and Singapore operations while JOHN KYRIAKOU is the new deputy chairman and executive creative director of
      298 words
    • Article
      Air talks with French end inconclusively
      231 3 AIR TALKS between the Singapore and French aviation authorities ended inconclusively on Wednesday, sources said. A spokeswoman for the Civil Aviation Authority of Singapore confirmed that no new agreements were reached as a result of the three-day meeting. BT understands the date and venue
      231 words
    • Article
      GPC hearing on religious knowledge programme raises pertinent questions
      312 3 A GOVERNMENT Parliamentary Committee hearing last night to seek public views on the religious knowledge programme in Singapore's secondary schools did not achieve the consensus GPC Education chairman Dr Tan Cheng Bock had sought. But it raised what may be the
      312 words
    • Article
      Coming up: insurance plan for catastrophic illnesses
      556 3  -  By SHOEB KAGDA IN LINE with the government's objective of ensuring that Singaporeans have enough funds to meet medical expenses, a basic catastrophic insurance scheme will be introduced next year. Acting Minister for Health, Yeo Cheow Tong, said yesterday that while Medisave is
      556 words
    • Article
      Free market in health care does not exist
      266 3 A CONVENTIONAL, completely free market environment for health care will never be viable in a civilised society, according to a professor. Speaking at the seminar on "Economic issues in health care" yesterday, Dr Uwe Reinhardt, a James Madison professor of political economy
      266 words
    • Article
      Chuo Senko to buy Merit's share in local office
      439 3  -  By GENEVIEVE CUA THE MARRIAGE between Asatsu. Japan's sole publicly-listed advertising agency, and Singapore agency CAM Associstes has prompted another Japanese firm to part ways with its local partner. This is because Chuo Senko Advertising, a Japanese joint venture operating here
      439 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      142 2 IV) i; v 3k i 0 iJL S»»« 0 Ssr '4 *t m? !$S2i ■r%& :A MB v 4 ww WW >i The latest models from an established name that feel just right in your hands. Introducing the latest range of golf clubs with the look, feel and performance of
      142 words
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      Page 2 Advertisements Column 2
      397 2 Seminars and Courses fCEGI Cahners pfln(y^fTyin Group Tet *****13 TbcRS ***** Fax *****66 Jul 14-15 Your Duties and Amora Hotel Liabilities os a Director or Officer of o Company The Dangers of Insider Industrial Relations Boyview Inn Case-Studies Series 1989 The Art of Strategic Boulevard Hotel Management An Introduction to
      397 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      172 3 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day A In a parkland jetting, at Century Park Sheraton, you can enjoy dome of the finest dining, wining and entertainment in the city. Here 'd a quick guide: 9 The Fountain Lounge: N an ideal place to wind down over
      172 words
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  • ASIA-PACIFIC
    • Article
      Asia-Pacific grouping must not be at Asean's expense
      570 4  -  By BOEY KIT YIN in Bandar Seri Begawan THE US took the concept of Asia-Pacific cooperation (APC) one step further yesterday when Secretary of State James Baker spelt out seven guiding principles to set up a grouping, which should recognise and respect
      570 words
    • Article
      Lock icon Qantas lures HK airport staff with passport offer
      293 4 FT QANTAS, the Australian airline, is attempting to recruit maintenance and engineering staff from Hongkong airport by offering them jobs which will ultimately entitle them to Australian passports. Nearly a third of the staff are seriously considering the offer. The move, a
      FT  -  293 words
    • Article
      Lock icon China's application to rejoin Gatt put on hold
      154 4 FT CHINA'S application to rejoin the General Agreement on Tariffs and Trade has been put on hold, following the government's brutal crushing of the student protest movement last month. Next week's meeting of the Gatt working party, which has been examining Beijing's
      FT  -  154 words
    • Article
      Lock icon MTUC urges setting up of national wage council
      154 4 Bernama THE MALAYSIAN Trades Union Congress (MTUC) has called for the setting up of a national wage council immediately to iron out wage anomalies. MTUC president Zainal Rampak said the council would help to bring about a uniform wage policy which took
      Bernama  -  154 words
    • Article
      Lock icon The Tongan passport to freedom
      162 4 FT IN THE EXODUS of political activists and other Chinese with connections to purged reformers in the leadership, the tiny Pacific kingdom of Tonga has played an improbably important role. For those monied or influential enough, the Tongan connection has been a passport to freedom.
      FT  -  162 words
    • Article
      Lock icon Compromise helps Shamir win party unity
      219 4 FT YITZHAK SHAMIR. Israel's prime minister, has won a rousing show of unity within his Likud party over his government's peace proposals for the occupied territories but only at the cost of significant concessions to rebels on the right of his party. In a
      FT  -  219 words
    • Article
      Lock icon British MPS welcome Hongkong Bill of Rights
      462 4 AFP THE HONGKONG government will introduce "as soon as possible" s Bill of Rights entrenching essential freedoms in the colony, UK Foreign Secretary Sir Geoffrey Howe told the British Parliament on Wednesday The proposal was welcomed on all sides of the House of
      AFP  -  462 words
    • Article
      Lock icon UK reconsiders sales missions to China
      255 4 AP BRITISH BUSINESS said on Wednesday that it was going ahead with two high-powered missions to China this autumn but hours later the government said it ww reconsidering the sales promotions because of China's crackdown on the pro-democra-cy movement The Department of Trade and
      AP  -  255 words
    • Article
      Lock icon Dhaka making efforts to convene SAARC meeting
      220 4 AFP BANGLADESH is consulting msmbsrs of the South Asisn cooperation association to work for the early convening of the group's annual meeting of foreign ministers which was postponed last week, BSS news agency reported on Wednesday. Dhaka is undertaking a series of "intense
      AFP  -  220 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1065 4 ARRIVALS Operator g aOTVKV number time From MAS MH651 0900 PCN MAS MH630 0920 KUL SU SQ103 0950 KIA CPA CX710 1000 CGK SWI StlM 1015 ZtH/BKK MAS MH607 1020 KUL GU GA960 1100 CGK StA SQI05 1105 KUL HA M421 1130 »WN QFA QF072 1135 8KK
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      136 4 Haute Cuisine Shanghai... Now, you can savour the culinary treasures of Shanghai served with Continental panache at Goodwood Park's new CHANG .JIANG SHANGHAI RESTAURANT. Here, your exquisite meal will start with complimentary aperitifs and a dainty appetiser. The authentic Shanghainese dishes, both in preparation and taste, will then l>e served
      136 words
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      Page 4 Advertisements Column 2
      42 4 The busincM peoon's choke every Tuesday, Thursday, Saturday and Sunday .jot* ina Chanci Airport at 22:05 hioun and am*mf at Later K. Pearson International Airport die fallowing day. Ctll your Travel Agent or Air Canada Jt TOtSiS. A BREATH OF FRESH AIR
      42 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      23 4 Doonesbury BY GARRY TRUDEAU A DOCTOR! mrriLi ICANT 7BU/HY TAKE BRIDGE A LONG ANY MORS CLUB! i I V A w??%m (ofyfcL m
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    • Miscellaneous
      Page 4 Miscellaneous Column 2
      56 4 City Max/ Note Mn (°C) Mrs of mmMm I.M HtlwWl In nun. 10J MnM Ma mft 40.7 Rainy days Ma mtfi 3 /VWDOUfTW Mtileo City New MM Naw York Mo 'Janeiro Rom* Son Frfe'co Son Joan SanHogo Seoul ri i, I OfOOtnOfrTi Sydney Toipei Tokyo Toronto Vancouver Vienna Wonow una*
      56 words
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  • REST OF THE WORLD
    • Article
      Lock icon US urges trading partners to strengthen demand
      269 5 Reuter THE US would like its key trading partners to do more to strengthen their demand (or US exports but recent interest rate rises may make this more difficult, a senior Treasury Department official said on Wednesday. "We still want the surplus countries
      Reuter  -  269 words
    • Article
      Lock icon Americans buy fewer imported shoes
      207 5 AP AMERICANS are buying fewer and cheaper shoes from other countries, the US International Trade Commission said on Wednesday. Imports from Taiwan, the biggest supplier, were off by 21 per cent in the first three months of this year, it said. The average value of
      AP  -  207 words
    • Article
      Lock icon UN wants more done to solve Third World debt
      124 5 AFP CREDITOR nations must do more to solve the Third World debt crisis. United Nations Secretary General Javier Perez de Cuellar urged in Geneva yesterday, branding efforts so far as "disappointing". He told the UN Economic and Social Commission of the
      AFP  -  124 words
    • Article
      Lock icon Group of 77 chides Citibank's debt action
      261 5 Reuter THE THIRD WORLD could be plunged into an economic catastrophe if commercial banks start seizing funds to cover unpaid loans, a group of developing countries said on Wednesday. Mervat Tallawy, chairwoman of the Group of 77 in Vienna, said a recent move
      Reuter  -  261 words
    • Article
      Lock icon Labour costs rise faster in other countries than in US: report
      346 5 AP LABOUR COSTS in Taiwan. Britain and eight other major US competitors rose much more quickly than in the US last year. The US Bureau of Labour Statistics reported yesterdsy that increases ranged from Taiwan's 17 per cent to
      AP  -  346 words
    • Article
      Lock icon EC to standardise quality control for industrial products
      393 5 NEW PUN WILL REMOVE FREE TRADE BARRIERS FT A NEW PLAN for removing the technical barriers which hinder free trade within the European Community has been launched in Brussels. The smbitious scheme adopted in principle by the European Commission at its weekly
      FT  -  393 words
    • Article
      Lock icon EC plans to abolish personal purchase tax
      348 5 AFP TRAVELLERS will no longer pay extra tax on personal purchases when they croes national borders in the European Community's planned single market of 1993, under proposals announced in Brusseis on Wednesday. At present, EC citizens are allowed to take along personal purchases
      AFP  -  348 words
    • Article
      Lock icon Bonn plans bigger budget deficit next year
      314 5 FT WEST GERMANY'S federal budget deficit next year will rise to 33.7 billion Deutschemarks (US$l7.5 billion) from an expected 27.8 billion marks this year, as a result of a 3.4 per cent rise in 1900 spending and large in-come-tax cuts due in the
      FT  -  314 words
  • Page 5 Advertisements
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      123 5 BRAKING WITH TRADITION. .V* .j 9 .C ?r mM- mii* i r r. v v-v r: *< > i r -v ,r V -r- z- V v I'.' ..y-. -v" -it* •.■3.. V ~J K v 'timLz- "u.: 11 J*! 1 S P v; 1 w h ti v V
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  • COMMODITIES
    • Article
      Lock icon Latin America set for price war
      446 6 COLLAPSE OF COFFEE QUOTA SYSTEM AFP LATIN AMERICAN coffee-producing nations have braced up for an expected price war following this week's collapse of the international coffee quota system, industry officials said. Hernan Uribe, a spokesman for the Colombian Coffee Producers Federation (Fedecafe), said in
      AFP  -  446 words
    • Article
      Lock icon EC regrets breakdown in coffee talks
      215 6 AP THE European Community said it "profoundly regretted" the breakdown in talks to reach a new international coffee agreement EC vice-president Manuel Marin said on Wednesday he was very worried by the "negative impact" the resulting collapse in coffee prices would have on the
      AP  -  215 words
    • Article
      Lock icon KL approves rubber-based projects
      120 6 Bernama THE MALAYSIAN Trade and Industry Ministry has approved 569 natural rub-ber-based projects which involve investments totalling Ms 3 billion from 1960 to May this year. Deputy Trade and Industry Minister Datuk Kok Wee Kiat told the Dewan Negara on Wednesday that 53 per cent of
      Bernama  -  120 words
    • Article
      Precious Metals
      395 6 HONGKONG: Gold closed lower yesterday in quiet but choppy trading in the absence of clear direction, dealers said. They said most traders were sidelined ahead of the release today of US Job data for June. Bullion ended at U*****.20/70 an ounce against an initial U*****.10/60 and compared with
      395 words
    • Article
      KL Tin
      150 6 The Kuala Lumpur Tin Market (KLTM) pries extended WadoHday'i gain yesterday, closing 11 cents up to M 528.48 kg, <Ml— said. Thay >itiiHil die rtoa to a continued small offering and Ireeh damand from Japanaaa (radars wtw took up the bufc of Mm tfispoaala. Turnovar waa unchangad at
      150 words
    • Article
      Rubber
      310 6 SINGAPORE; Rubber prices closed steadier yesterday, with August 1 RSS buyer quoted at 185.00 cents a kg, up 0.50 cent from Wednesday's cioee. Dealers said prices rebounded in quiet afternoon trading following a firmer closing in Japanese markets and some short-cover-ing interest. The market s direction was uncertain. On
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    • Article
      RAS and MRELB
      281 6 RAS prices mtc wnta/kg, FOB In bate) I NOON dOSE Buyon Sellers Bvyors C-M Irrt 1 RSS Prompt 84 50 185.50N 186.50 187 JON to 1 RSS Aug 183.25 184.25 185.00 186.00N tat 1 RSS Sop 185.00 186.00 187.00 188.00N tat 2 RSS OP 181.00 183.00N 182.00
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    • Article
      SSR and SMR
      89 6 U—Ao) AUGUST 1089 Sf PTEMWR 1989 (current month) (forwor d month) NOON NOON RAS Itrjffi Satan lwy>n SAn SSI 30 133 JO 1 54. SON 152.50 154 JON sst so ISO JO 1 52.SON 150.50 153 JON MRELB bytn SaHan tvyari Satan SMt CV 337JO 239.50N 339
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    • Article
      Produce Prices
      193 6 Chinese Produce Exchange Sailors' noon doting prkti an July 6 (SS/100 kg) Coconut oil BuNc FOB 104.00 Old drum FOB 114.00 Now drum FOB 118.00 Copra Mlxod (Ioom) 60.00 MUcts Pepper Muntak whit* FOB NIW 507.50 Sarawak whit* FOB faq NIW 497.50 Sarawak tp«dol block FOB NIW 380.00
      193 words
    • Article
      Palm Oil
      483 6 MALAYSIAN CRUDE PALM OIL FUTURES rebounded on the KLCE yesterday to close sharply higher following a limit up closing on the Chicago Board of Trade. Traders said the market was steadier on encouraging advices from overseas which was followed by profit-taking activities at midday. Short-covering towards the afternoon
      483 words
    • Article
      Lock icon Wheat
      245 6 Reuter CBT SOFT red winter wheat futures cioeed higher on Wednesday on a wave of buying generated by weather-related rallies in corn and soybeans, floor sources said. Although forecaats for hot, dry weather should allow rapid harvest advances and hence should weigh on wheat the carry-over effect of general
      Reuter  -  245 words
    • Article
      Lock icon Crude Oil and Products
      150 6 Telerate FUEL OIL PRICES were notionally stable-to-fir-mer in Singapore. Sell prices for CST-180 were at $93 mt, with buyers around $88-9 mt cif/fob Sing 30,000mt of 2.8% O, 2nd-half July was sold at Sing spot AVR $2 mt. Another 20,000 mt of July CST-180 was sold
      Telerate  -  150 words
    • Article
      Soybean
      219 6 INDICATIONS that a heatwave is in the offing lifted soybean futures on Wednesday, keeping the majority of contracts up or near the daily 30-cent limit from the opening bell right to the close. Floor sources said the prospect of high temperatures and little rain sent traders scrambling to buy
      219 words
    • Article
      London Markets
      274 6 London Commodity Exchange Buyer/Seller dosing prices on July 5 (£/tonne unless specified). Previous dosing prices in poremttesis. nM m m C09VM Basis In-store London, sellers option OF London Jul 863/870 (875/877) Ugh/Low 870/835 Sop 879/880 (878/880) High/Low 884/843 Solos (8313) Cocoa Jul 809/811 (819/820) Htgh/low 822/812 Sop 831/832
      274 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      99 6 RENAULT 21 i Manager FROM FRANCE WITH LOVE. THE "HIGH GRADE" OF R2ITS" ELECTRIC GUSS SUN-PROOF RPM REV-COUNTER SOFA TYPE BIG SPORT SEAT BLAUPUNKT RADIO/CASSETTE POWER WINDOW REMOTE CENTRAL LOCKING OIL LEVEL INDICATOR MCOI BRAKING SYSTEM INCIDENT WARNING UGHT MINIMUM FUEL LEVEL WARNING UGHT REAR DEFOSTER WARNING UGHT FRONT BRAKE
      99 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      108 7 r *Si h > H U* WE VE BECOME PRETTY GOOD AT PUTTING PINS ON OUR WALL. Ur Andwith more than 1000 offices in over 174 countries we're getting very good at it. It's our there. In bet. all wu parcel or document urgently to Togo in deepest Africa tomorrow,
      108 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon 'Rouble to be fully convertible by 2005'
      375 8 AFP THE SOVIET UNION will make its currency fully convertible by the year 2005, the country's incoming finance minister said in Paris on Wednesday. "Although it is very dangerous to be too late, it is also very dangerous to be too far ahead,"
      AFP  -  375 words
    • Article
      Lock icon 'KL interest rates to stabilise at current levels'
      197 8 Bernama BANK BURUH expects Malaysian interest rates to stabilise at current levels, with one- to 12-month trading within a band of 5.5 per cent to 6.5 per cent, over the next six months. While there has been some tightening in monetary policy
      Bernama  -  197 words
    • Article
      Forex markets
      1250 8 SINGAPORE: Short-covering and speculative European buying pushed the dollar up in late trading yesterday ahead of the release today of US June jobs data, dealers said. The dollar ended at 139.05/15 yen and 1.8910/20 against New York's close of 138.45/55 and 1.8827/37. Large buying from a big bank
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    • Article
      Comex gold/silver futures
      170 8 Gold futures on July 5, 1989 100 troy ounces; USS per troy ounce Opon High Low M 381.00 386.30 381.00 386.00 7.60 Aug 382 30 390.80 381.30 388.40 F 7.30 S»P ***** 7J0 Oc> 386.30 396.00 386.30 392.30 7.50 Ok 390.80 399.30 389.30 396.70 7.60 Fab 89
      170 words
    • Article
      Asian dollar market
      279 8 ASIAN DOLLAR deposit rates ended little changed in quiet trade yesterday, only slightly weaker than Wednesday's closing levels, dealers said. The market is now looking to today s release of US June employment data due at 1230 GMT, dealers said. Short-dates and term rates eased 1/16 point
      279 words
    • Article
      Lock icon IMM
      292 8 Reuter IMM CURRENCIES built on an early rally and finished an active session with huge gains and near the day's highest levels on Wednesday. The surge culminated at the close in the Continental currencies, which resumed the morning rise and popped back up to new session highs. Technical buying
      Reuter  -  292 words
    • Article
      Lock icon Simex
      509 8 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened one tick higher than previous Simex close at 91.54, underpinned by expectations that the Federal Reserve will ease monetary policy. Prices fluctuate in a tight range as dealers were cautious ahead of today's June unemployment data. The September contract ranged from 91.57
      BA Futures  -  509 words
    • Article, Illustration
      World interest rates
      183 8 ■m prima tandtaq'raiaa aI 12 major banks In S'pora r Interbank market rates (oiler/bid) on July 6 us$ DM SWFC Y«n 7 4ayt i/a if 13 7f 13 3/4 3/4 if 7 1/4 7 S 3/1* 1/1* 1 f if 1/4 13 13/1* 13/1* 13/1* 11/1* 7
      183 words
    • Article
      Money markets
      66 8 THE OVERNIGHT rate on the Singapore money market roee by 1/8 point yesterday to close at 5 per cent. One- and twomonth rates were 1/16 point lower while threemonths were unchanged. r S$ Int erbank rates at the dose yesterday: rt. opfbi ho VW721* S 4 7/1 S
      66 words
    • Article
      Government Securities Market
      115 8 Treasury bills Period Issue Y« Mterday's dodsj Day's code Maturity MD OFFER MGH LOW 3 months KM9126X 05.10.89 4Q5 4.00 4.00 4.00 6 BS*****H 23.11.89 4 05 '4.00 1 y*or RY*****F 24.05.90 4.23 4.18 Government n< >tes and bondi 1 Period Issue Maturity Coupon Yesterday's dosing Day's
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    • Article
      Options
      1248 8 INTEREST RATE OPTIONS Thuradoy, My 6, 1989 EURODOLLAR (8MKX) LM Sa« 04P Mpals Lot 0« 1 'III 11 1 11 Mt 1 1 1 1 1 1 J 1 1 1 1 1 1 8 1 2M 205 IM 155 104 43 45 M 19 11 t II 1
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  • BANKING AND FINANCE
    • Article
      Lock icon Saudi Arabia signs US$660m syndicated loan
      319 9 Reuter A SAUDI ARABIAN state body has signed a US$66O million syndicated loan in what appears to be the first international borrowing by the Saudi government in a quarter century, bankers and economists said on Wednesday. In a syndicated loan signed on Monday, the
      Reuter  -  319 words
    • Article
      Lock icon Three to plead guilty to Texas fraud charges
      505 9 NYT THREE former North Texas savings industry executives agreed to plead guilty to fraud charges, and another former executive was charged with diverting US$l3B,OOO from his institution for his own benefit, the US Justice Department said on Wednesday. The announcement by Attorney
      NYT  -  505 words
    • Article
      Lock icon World Bank cites M'sia as a success in financial rescue
      217 9 Bernama MALAYSIA, which experienced the 1986 failure of deposit taking cooperatives (DTC), is cited by the World Bank as one of the developing countries which succeeded in rescuing its distressed financial institutions from deeper crises. The World Development Report, released
      Bernama  -  217 words
    • Article
      Lock icon Keating names Fraser as new central bank governor
      272 9 AFP TREASURER Paul Keating has named his Treasury secretary Bernie Fraser as new governor of Australia's central bank. Mr Keating said that Mr Fraser, who replaces retiring Reserve Bank of Australia Governor Bob Johnston, would take up the seven-year appointment from Sep
      AFP  -  272 words
    • Article, Illustration
      Total bank loans and advances stage impressive turnaround
      489 9  -  April saw $874 m rise to break $44b barrier By QUAK HIANG WHAI TOTAL BANK loans and advances in Singapore, which saw a drop for the first time in almost a year in March, staged an impressive recovery in April when it
      489 words
    • Article
      Sing $ expected to rise against European units
      353 9  - Sing expected to rise against European units By DEXTER LEE THE SINGAPORE dollar will continue to ris« against major European currencies but will fall against the yen over the next quarter, DBS Bank predicts in its latest issue of Investment Digest In its analysis of currency trends, the bank projected
      353 words
    • Article
      Lock icon China seeks new loans from World Bank
      228 9 AFP CHINA is seeking US$l.5 billion from the World Bank over the next three years to develop its agriculture, despite an earlier decision by the bank to put off any consideration of new loans to China, the China Daily said on Wednesday. Ths
      AFP  -  228 words
    • Article
      Lock icon LIFFE incentive fails to boost Euromark trade
      654 9 Exchange has edge in battle to be Euromark leader Reuter A NEW SCHEME from the London International Financial Futures Exchange (LIFFE) to attract independent traders to Euromark interest rate futures has so far failed to boost volume significantly. But latest exchange figures appear
      Reuter  -  654 words
    • Article
      Lock icon Fed unlikely to ease credit: institute
      263 9 Reuter THE US FEDERAL RESERVE is unlikely to ease credit in the near future because it is still worried that inflation is too high. John Makin, director for fiscal policy studies at the Washington-based American Enterprise Institute (AEI), said yesterday that he expected "the
      Reuter  -  263 words
    • Article
      Lock icon 'No rush of NZ rate reductions expected'
      172 9 AFP NEW ZEALAND'S Finance Minister David Caygill said on Wednesday that he was not expecting a rush of interest rate reductions after this week's cuts by the National Bank of New Zealand Ltd. On Monday, the National Bank dropped its rates on business
      AFP  -  172 words
    • Article
      US$100m loan for Indian credit corporation
      228 9  -  BY QUAK HIANG WHAI THE INDUSTRIAL Credit Investment Corporation of India (ICICI) has tapped US$lOO million from the Asian capital market with a multi-currency loan signed here yesterday. The 10-year loan was arranged and managed by The Fuji Bank (Singapore), Sumitomo Trust and Banking
      228 words
  • Page 9 Advertisements
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      66 9 WaVavaVawaV VaVaVaV ttklipl fw-ib fvnn iVft-JaW "f»wt®! r^j^r w ~F ft'i'liui -f /dc^y A -—pceoi ytroU»w- 6®»acy. Fr-ee. pj[dr < j&r(~f~tf $p-£c>At/y t (ifci. frve /Main tourtg -food. 3 0* -?>-*€■ CJUpj f^cJWi. Slfdlf&'i fcl<r>C.S g-fyj 1 8|-0| To>-"«-J fcloclc) 0<7 li J5SI EL irve.s £a/i"frna Cj Moiiinaf v »oH
      66 words
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      Page 9 Advertisements Column 2
      57 9 ihwe Andreas PHILIPPE ANDREAS BOUTIQUE PTE LTD The Omni Marco Polo Hotel Shop 12, Tel: *****20 The Regent Singapore, Unit 01-14 Tel: *****28 The well-dressed and his clothes. Designer menswear going beyond prices. Witness it at our boutique from Bth July to 23rd July 1989. Van Laack Ccrruti 1887 Porsche
      57 words
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  • FOCUS
    • Article
      Clark's tour to forge stronger Asean links
      526 10  -  A traditional land of immigrants, Canada is still, today, attracting immigrants. Migration from Europe has in recent years been replaced to a large extent by Asian migration. As Canada's External Affairs Secretary Joe Clark begins another East Asian trip to enhance ties with
      526 words
    • Article, Illustration
      Lock icon Hongkong immigrants enrich, and scare, Vancouver
      949 10 NYT A WAVE OF IMMIGRATION from Hongkong to Canada has brought prosperity and racial problems to the largest city on Canada's Pacific coast. For the past few years, the Canadian federal government and the province of British Columbia have been encouraging immigration of people
      NYT  -  949 words
    • Article, Illustration
      Lock icon French-speaking citizens up in arms again in Quebec
      899 10 NYT AT THE EDQE of the plains of Abraham in Quebec, bilingual signs in English and French warn visitors away from the cliffs that General James Wolfe's forces scaled in 1759 to capture New France for England. These days, the six million
      NYT  -  899 words
  • Page 10 Advertisements
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      248 10 Our Sales/Engineering Team specialises in saving you money. Ol How much money? Perhaps as much as the money. Programmes such as Gear and Engine total cost of the lubricants themselves. If your operation Inspections, Contamination Control of Lubricants and is substantial, that could be a considerable amount. Equipment, and Mobil's
      248 words
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  • Article
    BT TOP 100
    1656 11  -  Compiled by JULIANA TAY RANKING BY MARKET CAPITALISATION Rank Company Rank Market Number 1989 Par Market Gross P/E laet Value of Shares Share P ►rice Value Price Yield Ratio year (in Smil) Issued aa at <%> aa at aa at aa at Jun 30 Jun 30 Jun
    1,656 words
  • Article, Illustration
    Value of Top 100 companies rises 30pc to $89b
    887 11  -  By HERMAN PHUA REFLECTING THE TREND of the buoyant stock market, the total value of Singapore's Top 100 listed companies has increased by almost 30 per cent to nearly $89 billion over the last six months. This was revealed in BT's
    887 words
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  • PERSPECTIVE
    • Article
      Keeping the door open
      489 12 PRIME MINISTER Lee Kuan Yew has made known his views on the recent unrest in China. According to a Japanese official reporting on a meeting which his Foreign Minister, Mr Hiroshi Mitsuzuka, had with Mr Lee on Wednesday, the Prime Minister said that China's programme of
      489 words
    • Article
      Lock icon Euro-managers becoming a rare breed: Report
      537 12  -  SAXTON BAMPFYLDE'S LATEST FINDINGS By PETER MILLERSHIP Reuter THE EUROPEAN COMMUNITY faces an acute shortage of competent managers to take the corporate helm after 1992 when the EC becomes a single market, according to a new report. EC plans to tear down internal barriers
      Reuter  -  537 words
    • Article, Illustration
      Lock icon Outmoded perceptions stand in the way of foreign investment in Japan
      709 12  -  VAST POTENTIAL REMAINS UNTAPPED By LINDA SIEG Reuter FOREIGN firms are stepping up direct investment in Japan, but outmoded perceptions of a poor investment climate still keep many from seizing chances to build bases and boost sales, foreign businessmen
      Reuter  -  709 words
    • Article, Illustration
      Modern India beckons with new opportunities
      1526 13 A three-part series on the Indian economy and the business opportunities it offers, shot on location in five Indian cities, begins on SBC 5 on Sunday, July 9. HARISH MEHTA of the foreign desk previews the series which highlights investment opportunities for Singapore businessmen
      1,526 words
    • Article, Illustration
      Lock icon Indian magnate poised to take the world
      613 13 TYCOON WITH A COMMON TOUCH Reuter INDIAN TYCOON Dhirubhai Ambani wears badly-tailored safari suits, laces his conversation with colourful curses snd prides himself on a common touch which he says is the secret of his success. Indis's number one business magnate, estimated to
      Reuter  -  613 words
  • Page 12 Advertisements
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      108 12 DEXV A R' S .JONATHAN CHESTER 1U )MK: Sydney. A( th.! t. PRt )FKSSI( Photo .Journalist. Antarctic expert. mountaineer. 11( >1> I > Scuba diving. "It 's railed i*oini*toe\t remes LAST I* >< >K RKAI >: "l"p Mount Kverest Without A Paddle 1 )erek Nimm<>. LATKST A(V< )MI > LISH.\'KN
      108 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      40 12 BliStd^ri^nkJiictenS CPtfD FBoO'l JOfJ£S .1 im 4 iQ>i) P>ro SOftrJG HeflE. W»tv* ro>f RcfcT uf> P> CUP OF Deuoous rep,... Tut U>ef*T"H€R «S GORG6OUS, SNlpipPl SuCROUrtDtrtGS N*LftS*FoCTp*© ,SOB? I BUT f\ 111 4C±±_Ll_ -THjRouJ Ffeoi^r«e TrS^ TOPLESS Be^CH.... <** r^SL# l
      40 words
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  • Page 13 Advertisements
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      93 13 ITS CHESTEI tlist, Antarciic export, 'ailed going to extremes, unit K\ crest Witii< >ui A 1: (limhing H».*Jm ind chill-(>()°(li \s lad you've packed your PROFILE Ih 1 IK) \Y HA Fli M >: "When you're on top of th< w<>iid y<>ur hank manager is al< >ng ay away.'' Ql
      93 words
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  • Page 14 Advertisements
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      301 14 COURyOISIER VS O.P-WHIEKIE TC LNTECTaVIN t ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANCTTHKR IS THE CHOICK OK MAIN k-SKK RMM hc For between $26++ and $40+ you can select from our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many
      301 words
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      Page 14 Advertisements Column 2
      221 14 BBQ Dinner at the Poolside Amidst the bustle and hustle of Orchard Road, enjoy a BBQ Dinner in the peaceful surroundings of our Rooftop swimming pool A gourmet range of chops and seafood to your favourite local items like satay and otak. To end the meal with all kinds of
      221 words
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      Page 14 Advertisements Column 3
      217 14 DEUCIOZO HYATT Mama Mtal Pete's Place introduces more exciting gastronomic treats for aH lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our eyer popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad
      217 words
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      Page 14 Advertisements Column 4
      196 14 Sky Garden Poolside Fridays to Sundays 6.30 10.30pm Adults: $11.90 nett. Children: $8 nett Plaza Hotel SlNfitfMC fw»>w»cotou«ruL«iw»iTtwcl Kr.,* Bud MOWHT ri7» »l SUM t u t u:t MM A LlfH J Dfscotneoue We're blasting off tonight and every night at Para Wave Discotheque. Take off to the stars... groove
      196 words
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      Page 14 Advertisements Column 5
      258 14 BEIJING COME AS NEVER BEFORE m IV* floor Savour authentic Braised Duck with Yellow-Wine to your heart s content But remember to leave room for Beijing Vegetarian Goose. Drunken Chicken Baked Tench. Shark s Fin with Crab Meat Baked Lotus Paste Pie Or any of our many choice offerings It's
      258 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      927 14 pwvi vw France's gift to Gorbachev AN UNDATED file photo of the pistols used In the duel between Russian author Alexander Pushkin and French officer Georges D'Anthes on Jan 27, 1837, in which Pushkin was fatally injured. The pistols were removed from the Musee de la Poste of Ambolse on
      927 words
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  • LEISURE
    • Article, Illustration
      Lock icon The fat fight for self-esteem
      694 15 HEALTH NYT A PRO-GIRTH MOVEMENT is gaining momentum in the US, reflecting a nationwide trend of changing attitudes towards the overweight. "Being fat is certainly becoming more accepted,'' said Rosanna Radding of San Jose, California, the founder of More To Love, a dating service started
      NYT  -  694 words
    • Article
      Lock icon It's official — jogging can cause heartburn
      417 15 It's official jogging can cause heartburn NYT JOGGERS may have suspected it, but now science has confirmed it vigorous exercise, especially running, can cause heartburn even if one has not eaten recently. Medical researchers recently studied the effect of exercise on gastroesophageal reflux, or the backwash of stomach acids into
      NYT  -  417 words
  • Page 15 Advertisements
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      249 15 <• <• <• Sip Tea In The Park And You'll See The Best Dressed Women. On Saturday* High Tea is very fashionable at Fountain Lounge. Not only will you see some of Singapore's best fashions being paraded during our Fashion Show, you 11 also enjoy a delicious spread of scones,
      249 words
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      Page 15 Advertisements Column 2
      32 15 QUALITY Prestige De La France Courvoisier is the only cognac house ever, to receive France's Highest Award for Quality. I jgjiSfc I m I ml: k *■-S vsc I 4 COGNAC COURYOISIER
      32 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      665 15 CRYPTIC PUZZLE ACMOSS 4 Fears that make one sadder (6) 7 Be very persuasive when you trick somebody (8) 8 Time for the old onetwo? (6) 10 Also known as a sail, perhaps (5) 13 Only four-fifths of s metre (4) 14 Does she get your vote? W 15 Peel
      665 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1231 15 TV and RADIO Peacekeeping woes m sH; r' J Prime Mlnlittr R. Premsdm OUR CHOICE FRIDAY BACKGROUND, 7.50pm, SBC 5 The Indo-Sri Lankan discord kicks off this week's offering. With Sri Lanka bent on evicting the Indian peacekeeping forces out of their country, and the latter insisting on staying put,
      1,231 words
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  • SPORTS
    • Article, Illustration
      Lock icon McEnroe plays it cool to defeat Wilander
      518 16 WIMBLEDON AP JOHN McENROE finished off Mats Wilander with a service winner, looked up to the stands and gave the lady with the straw hat a triumphant wave. His wife, actress Tatum O'Neal, was off her chair in an instant, smiling and clapping
      AP  -  518 words
    • Article
      Lock icon Brooks tipped to capture Greater Hartford Open
      405 16 GOLF AP MARK BROOKS once thought tough courses helped his golf game. Now, he concedes, he might have been wrong. Returning to the 6,786-yard, par-71 Tournament Players Club of Connecticut as defending champion. Brooks is one of the favourites to capture this year's
      AP  -  405 words
    • Article
      Lock icon Cyclists enjoy breathing space
      276 16 CYCLING AP AFTER FIVE RACES in four days in three countries, the remaining 195 cyclists in the Tour de France enjoyed a day off on Wednesday as they transferred from Wasquehal in northern France to Dinard in the west Acacio da Silva of Portugal held the
      AP  -  276 words
  • Page 16 Advertisements
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      231 16 SIEMENS tiir.cl -v > f* i V.V tl v mWMBfr *#Wv vW«» :5> 5 >7 t '"i <& AI9tOO-F9-Z912-»1-7MO Providing power for the future I I Energy management a worldwide challenge Reserves of fossil fuels woldwide are more abundant thin was thought in the 60s. But that doesn't mean that
      231 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Lock icon Corporate behaviour — what is the official stand?
      665 17 Corporate behaviour what is the official stand? W>m*» I By HOCK LOCK SIEW THE PROPOSED Amcol-Societe Generate deal has given the Stock Exchange of Singapore and the Monetary Authority of Singapore a good opportunity for refining guidelines on corporate behaviour. First, a recap of events. On Monday Amcol announced it
      By HOCK LOCK SIEW  -  665 words
    • Article
      Massive extraordinary loss adds to Roxy's troubles
      398 17  -  By KEVIN GWEE A MASSIVE extraordinary loss in its last financial year has increased Roxy Electric Industries (M) Bhd's troubles. Although Roxy managed to cut its after-tax losses by 76 per cent to M 514.34 million (M 559.23 million) for the year ended
      398 words
    • Article
      UIC gains two seats on D&C Bank board
      263 17 UNITED INDUSTRIAL Corporation Ltd has obtained two seats on the board of Development and Commercial Bank Bhd on the strength of its 20 per cent stake in the Malaysian bank. UIC is represented on the bank board by its chairman Lee Kim
      263 words
    • Article, Illustration
      SES asks Amcol to convene EGM on Octagon deal
      356 17  -  By WILLIAM CHIA THE Stock Exchange of Singapore has asked Amcol Holdings Ltd to hold an extraordinary general meeting to obtain the approval of shareholders for its proposed acquisition of the Octagon Building in Cecil Street. In a letter yesterday, the
      356 words
    • Article
      Lum Chang cancels $10m purchase of Yio Chu Kang land
      251 17  -  By ANDREA BORCH LUM CHANG HOLDINGS Ltd has cancelled its $10.2 million purchase of a piece of land in Yio Chu Kang because the vendor did not get approval to sell it. Lum Chang's wholly-owned subsidiary Leadale Property (Re) Ltd
      251 words
    • Article
      Lock icon MAS's pre-tax profit soars to M$199m
      140 17 Bernama MALAYSIA'S national carrier Malaysia Airlines System Bhd (MAS) has recorded a near 30 per cent increase in group pretax profit to M 5199.29 million for the year ended March 31, 1989. from M 5154.43 million before. Income from associated companies totalled M 55.24
      Bernama  -  140 words
    • Article
      Strong bidding expected for Hyatt Kingsgate group of hotels
      626 17  -  By FLORENCE CHONG, writing for BT from Sydney BIDDING FOR the Hyatt Kingsgate group of hotels is expected to begin in earnest among the 10 remaining contenders over the next two weeks. The Hyatt Kingsgate group of seven hotels in Australia
      626 words
    • Article, Illustration
      Kumagai-Zenecon and Guthrie GTS join forces
      573 17  -  TENDERS FOR CONSTRUCTION PROJECTS TO BE JOINTLY UNDERTAKEN By HERMAN PHUA GUTHRIE GTS and its latest substantial shareholder, KumagaiZenecon Construction Pte Ltd, have teamed up in an exclusive joint-venture construction contract At a press conference yesterday, Kumagai-Zenecon's managing director and president Low Hua Kin
      573 words
    • SES
      • Article, Illustration
        Market hits new post-Crash high on institutional buying
        937 18  -  by JOSEPHINE CHAN HEAVY BUYING by institutions pushed the market to a new post-Crash high yesterday. Fund managers who picked up index-component blue chips helped push up the Straits Times Industrials Index 13.55 points to 1,318.56, brokers said. The previous post-Crash high
        937 words
      • Article
        Unit trusts
        379 18 Managers' prices OCBC-SIMBL investment for July 7 Severs Capital Fund 104 109 Savers Trust Fund 1.01 1.06 Singapore Unit Trust Dm Commerce 1.12 1 19 OUB Investment Mgt The Savings Fund 100 106 Union Global Fund@ 0 86 0.90 S pore frog Fund 045 049 Union S'pore Fund
        379 words
      • Article
        COMPANY MEETINGS
        39 18 JACKS INTERNATIONAL LTD: AGM a! the Registered Office. 29 Joo Koon Road, Singapore 2262, today at 11am. UNIPHONE TELECOMMUNICATIONS BHD: 32nd AGM at 10 Jalan Tandang, Petaling Jaya, Selangor Darul Ehsan, on July 10, Monday, at 11am.
        39 words
    • Article
      SES SHARE INFORMATION
      6075 18 Qr*a Qr*a 1989 T«4 Laat Vol Day Laat On ela Dhr Dfar rid Nat M Cap High Low Coda Company Sate JUL 08 +orrooo) High Low I tuyer S* iHer <T*r P/E DEBENTURES, BO MOS, LOANS 284 124 t 1543 CK Tang Wt 1990 260 250 260
      6,075 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices soar to new high
        3526 19 MBT THE overnight rally gathered momentum yeeterday as confidence picked up further and share prices soared to uncharted territory at the Kuala Lumpur stock market A broker said sentiment could have been influenced by firmer overaeaa bourses. The Singapore market soared to a postCrash
        MBT  -  3,526 words
    • REGIONAL MARKETS
      • Article
        Lock icon Taiwan threatens underground banks
        590 20 Reuter THE TAIWAN government is threatening the island's huge underground investment houses with a legislative bomb which could destroy some and send shockwaves through the stock market. A new banking law is being debated in parliament and could pass its final reading today. It would allow
        Reuter  -  590 words
      • Article
        Lock icon Nervous market sends Bond Corp shares sliding
        287 20 AFP SHARES IN beleaguered Alan Bond's Bond Corp Holdings Ltd fell further In Sydney yesterday as a major stockbroker lowered its rating of the company. Stockbroking firm Merrill Lynch and Co Inc, whose clients handle some 9 per cent of Bond Corp stock,
        AFP  -  287 words
      • Article
        Lock icon FAI sells stake in Hooker
        102 20 Reuter FAI INSURANCES Ltd has sold its 8.5 per cent stake in Australian property group Hooker Corp Ltd to Fulham Holdings Ltd at 75 Australian cents per share. FAI said in a statement yesterday the sale of the 16 million shares was at a substantial
        Reuter  -  102 words
      • Article, Illustration
        Lock icon Broadly firmer
        532 20 Tokyo Reuter A SHARP RISE by the yen overnight and a drop in short-term Japanese interest rates yesterday morning sparked early buying of financial and domestic demand-linked shares, after which prices traded narrowly all day to close broadly firmer in light trade. "It's a rotational market that's difficult
        Reuter  -  532 words
      • Article, Illustration
        Lock icon Shares close higher
        476 20 Australia Reuter THE AUSTRALIAN sharemarket cloeed higher yesterday, in line with active trade in situation stocks and strong support for gold and resource stocks. The All Ordinaries Index closed 8.8 higher at 1,519.3 and the Qold Marker surged 45.2 to 1.473.1. "Stronger prices for gold bullion combined
        Reuter  -  476 words
      • Article, Illustration
        Lock icon Stocks generally higher
        1269 20 Hongkong AP SHARE PRICES on the Hongkong stock oxchange closed generally higher yesterday tor the second consecutive session in increased trading. The Hang Seng Index, the market's key indicator of blue chips, gained 18.86 points to close at 2,388.53. Turnover amounted to HKS93O million (US$l2O million), up
        AP  -  1,269 words
      • Article
        Lock icon Taipei: Sharply lower
        468 20 Reuter THE TAIWAN stock index reversed Wednesday's gains and fell sharply to a lower finish yesterday after investors, frightened by rumours that large players were pulling out of the market, rushed to dump shares. The weighted index lost 328.21 points to end at 8,632.31 against Wednesday's 8,980.52
        Reuter  -  468 words
      • Article
        New Zealand: bullish tone
        98 20 THE NEW ZEALAND share market scored a small rise on average volume yesterday, underscored by a shortage of sellers of quality scrip. Brokers said the market was well-supported and they expect it to remain firm at least until next week. The Barclays Index gained 3.03 points
        98 words
      • Article
        Lock icon Manila: Upbeat trade
        94 20 Reuter SHARES gained across the board on Manila's stock exchanges yesterday as an oversold market bounced following a rise in world metals prices and late positioning for a blue chip stock bonus, brokers said. Manila s composite index regained the 1,000 level, closing at 1,009 from 967.32.
        Reuter  -  94 words
      • Article
        Lock icon Bangkok: Index hits record
        129 20 Reuter THE SET Index yesterday hit another record high of 613.97, up 1.43 from Wednesday s close. Turnover was 24,158,991 shares worth 1520.34 million baht. The Bookclub Index rose 1.33 to close at 532.23 yesterday. MKT 4-#-404 •nt 44 28 uncti Lzrzsmr-m .e-m BwSToT Ayudhya Owroong
        Reuter  -  129 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Prices advance modestly
        828 21 New York Reuter US STOCK PRICES advanced modestly in another thinly traded session that was marked by intermittent bouts of program activity on Wednesday. Special situations, particularly those involving companies rumoured to be takeover candidates, captured investor interest. The Dow Jones Industrial Average closed up about four
        Reuter  -  828 words
      • Article, Illustration
        Lock icon Prices open quietly firmer
        908 21 London Reuter SHARE PRICES opened firmer in a quiet morning yesterday, with the market regaining rhythm lost in Wednesday's transport strike and encouraged by the US dollar weakness overnight and a firmer tone in Tokyo. "After Wednesday, anything is going to seem a lot better," said
        Reuter  -  908 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1600 21 Reuter PARIS: French share prices yesterday slipped lower by midday in very quiet trading on uncertainty over the short-term outlook for the US dollar and interest rates. The 50-share price indicator shed initial gains to post a 0.11-per cent drop by 1100 GMT. It started 0.15 per
        Reuter  -  1,600 words
      • Article
        Lock icon Cablevision Systems seen as Time's suitor
        992 21 Traders sceptical of an attractive bid NYT TIME INC has disclosed that one of America's leading cable television suppliers, the Cablevision Systems Corp, is actively considering a bid for the company. Time gave no details, and Cablevision said it would neither confirm nor deny
        NYT  -  992 words
      • Article
        Lock icon Doubtful that Pennzoil has stake in Goodyear
        389 21 Reuter RUMOURS THAT Pennzoil Co has bought a stake in Goodyear Tyre and Rubber Co and wants to acquire the tyre and chemicals company have met with strong scepticism from most Wall Street analysts. "The rumour mongers must be throwing darts at the
        Reuter  -  389 words
      • Article
        Lock icon Armstrong World likely to resist takeover attempt by Belzberg
        566 21 Reuter ARMSTRONG WORLD Industries Inc is likely to resist vigorously sny takeover attempt by the Belzberg family of Canada, which disclosed a 9.85 per cent stake in the building materials company and said it may seek control. Armstrong has long been
        Reuter  -  566 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      98 17 CURRENCY INVESTMENT AMI Kl( I \I'KI vv l( TEL: 321 3333 FOR SUCCESSFUL MANAGEMENT OF YUUR BUSINESS v r Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. MANAGEMENT, in Business Times every Monday, is must reading
      98 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      689 20 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF WESTAN PTE LTD (In Members' Voluntary MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 16 Raffles Quay. #22-00, Hong Leong Building. Singapore 0104
      689 words
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      Page 20 Advertisements Column 2
      624 20 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 182 of 1969 In the Matter of the Companies Act (Cap. SO) And In the Matter of TICKET SEAL PROMOTION PTE LTD ADVERTISEMENT OF PETITION Notice is hereby given that a petition for the winding up of
      624 words
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      Page 20 Advertisements Column 3
      494 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SINGAPORE MAJESTIC THEATRE PTE LTD (In Member*' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the Members of the
      494 words
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      Page 20 Advertisements Column 4
      34 20 A Child's First Libraiy of Learning m Ten exciting books which answer hundreds of questions asked by children. It encourages reading and learning and is a UNIQUE SOURCE OF KNOWLEDGE. Tel: *****88 STP Distributors
      34 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      10 21 Stockholm prlcos woro not availabt* On target, CHARTPOINT every Saturday
      10 words
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      Page 21 Advertisements Column 2
      130 21 Focal Finance Focal Finance Limited Incorporated in Singapore (A Member of the OCBC Group) ANNOUNCEMENT Pursuant to Artide 32(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company as at the end of the second quarter of 1989, beneficial ownership
      130 words
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  • Article
    Oil industry's upgrading projects well on schedule
    503 22  -  HIGHER MATERIALS COSTS FAIL TO DISRUPT CONSTRUCTION By LILIAN ANG UPGRADING PROJECTS by oil majors in Singapore are well on their way to completion, despite recurrent labour shortage problems and higher building materials cost. The projects mostly aimed at giving oil companies greater
    503 words
  • Article
    Lock icon 'Adjust world flights to service Asean'
    319 22 Bernama MALAYSIA Airlines (MAS) should co-operate with nonAsean airlines to see how international flights can be adjusted to service the region's capitals, said the Malaysian International Chamber of Commerce and Industry (Micci) yesterday. In its memorandum at the pre-budget dialogue to the Treasury, Micci
    Bernama  -  319 words
  • Article
    Lock icon Seoul's bright predictions
    77 22 AP SOUTH KOREA'S electronic industry will capture more than 12 per cent of the global market by the year 2000, placing it third behind the US and Japan, the government predicted yesterday. A plan unveiled by the Trade and Industry Ministry predicts a five-fold increase in Korean
    AP  -  77 words
  • Article, Illustration
    Mobil's 900-tonne reactor for hydrocracker finally in place
    276 22 THE HEART of Mobil's medium pressure hydrocracker (MPHC), a 900-tonne reactor, was yesterday hoisted into place at the oil company's Jurong refinery. Costing some $8 million, the reactor, one of the heaviest pressure vessels in the world, took about three hours to
    276 words
  • Article
    Veterans' group threatens stability of Hanoi leadership
    438 22  -  By HARISH MEHTA of the Foreign Desk A POTENTIAL threat to the stability of Hanoi's leadership has emerged with the formation of a dissident organisation formed by veterans of the former southern revolutionary Vietcong movement, which has called for the resignation of top
    438 words
  • Article
    Lock icon China dismisses chemical industry, labour ministers
    303 22 Reuter CHINA dismissed two ministers yesterday in the second wave of changes since the political crisis which was sparked by pro-democ-racy protests. State radio said the Standing Committee of the National People's Congress, China's Parliament, approved the resignations of the labour and chemical industry
    Reuter  -  303 words
  • Article
    APC meeting gets nod from Asean dialogue partners
    466 22  -  By BOEY KIT YIN ASEAN s major trading partners have agreed that there is a need for a ministerial meeting on Asia-Pacific Cooperation but they have fallen short of a commitment to attend the meeting, planned for November. Sources said that the
    466 words
  • Article
    Mitsuzuka advises against China-bashing
    397 22 CHINA-BASHING is counterproductive, Japanese Foreign Minister Hiroshi Mitsuzuka told the US, Canada, Australia, New Zealand and the European Community all of which have strongly condemned and criticised the armed crackdown on Chinese student protests. A spokesman for the Japanese delegation to the Asean Post-Ministerial Conference said
    397 words
  • Article
    Lock icon Comex gold and silver
    98 22 Reuter COMEX GOLO futures posted modest losses in the first hour yesterday on disappointment that overseas markets did not follow through on New York's rally to two-month highs. The dollar's recovery after Wednesday s slump also weighed on gold, analysts said. August gold was off US$O.7O
    Reuter  -  98 words
  • LATE FILE
    • Article
      Lock icon Call to dissolve parliament
      61 22 AFP A LEADING Japanese businessman yesterday called for Prime Minister Sousuke Uno to dissolve parliament and hold general elections as soon as possible to resolve the crisis in the ruling Liberal Democratic Party. Katsunosuke Maeda, president of the diversified chemical and textile giant Toray Industries Inc,
      AFP  -  61 words
    • Article
      Lock icon S Korea plans export estates
      52 22 AFP THE South Korean government plans to build export estates in the Philippines and Sri Lanka for South Korean labour-intensive industries, according to Trade and Industry Ministry officials yesterday. The government is planning an industrial estate in Cavite Export Zone, about 20 km south of
      AFP  -  52 words
    • Article
      Lock icon HK industrialists plan to migrate
      40 22 AFP THREE QUARTERS of Hongkong's industrialists are planning to emigrate as confidence in the future of the British colony continues to slide following recent events in China, a survey published yesterday in Hongkong shows. AFP
      AFP  -  40 words
    • Article
      Lock icon Egypt slaps tax on foreign employees
      52 22 Reuter CASH-STRAPPED Egypt has slapped a new tax on employees working abroad in hopes of raising almost US$l billion in foreign exchange to bolster its weak economy. The tax approved late on Wednesday by the People's Assembly will apply only to public employees working
      Reuter  -  52 words
    • Article
      Lock icon Plans to sell Iron Curtain bits
      46 22 Reuter AN AUSTRIAN company it planning to sail pieces of the "Iron Curtain", now being removed from the border with Hungary, aa relics. Hungary began dismantling the barbed wire fence along the 250-km frontier with Austria on May 2. Reuter
      Reuter  -  46 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      17 22 Masseuses and Required Shiatsu Swedisi sauna B al Steam ai not ro° l cold Pool HUl> BaCk
      17 words
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      Page 22 Advertisements Column 2
      146 22 Asla-PacMlc grouping must not bo at Aaoon't oxponoo, PAGE 4 UR EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't
      146 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Precautions against possible oil spill
        67 23 Reuter THE US COAST GUARD and the Department of the Interior's Mineral Management Service is to step up unannounced inspections soon of oil tankers, barges and rigs in the US sector of the Gulf of Mexico. The agencies said on Wednesday that they were also
        Reuter  -  67 words
      • Article
        Lock icon EC studying Spanish aid plan
        84 23 Reuter THE EUROPEAN COMMUNITY'S Executive Commission is investigating proposals by Spain to give its shipyards extra aid on the grounds that the money might break EC laws on fair competition. A statement released in Brussels on Wednesday said the proposed aid might break an agreement
        Reuter  -  84 words
      • Article
        Lock icon Karachi seamen end strike
        64 23 AFP SEAMEN AT KARACHI PORT ended a four-day walkout on Wednesday, but a strike by postal workers that has created large mail backlogs entered its second week, officials said. Local sources said an agreement was reached on Tuesday between the Karachi Port Authority and sailors, who
        AFP  -  64 words
      • Article
        Lock icon Dutch company clinches contract
        71 23 Reuter HOLLANDSE SIGNAALAPPARATEN BV, the Dutch defence unit of electronics group N V Philips Gloeilampenfabrieken, has won a contract to deliver electronics equipment for four Greek frigates. A Signaal spokesman said on Wednesday that the company received a letter of intent for the order from Hamburg
        Reuter  -  71 words
      • Article
        Lock icon Singapore-bound tanker in collision
        69 23 AFP A SINGAPORE-BOUND OIL TANKER was damaged after it crashed into another vessel off the coast of western India, the Press Trust of India (PTI) reported on Wednesday. An oil slick formed off the Bombay shore from spillage of some 4,000 tonnes of oil following the
        AFP  -  69 words
      • Article
        Lock icon Crew off sinking freighter rescued
        70 23 AP ELEVEN SAILORS from a sinking freighter were plucked from the Arabian Sea on Wednesday, but at least three of their fellow crewmen perished, shipping sources said. One man from the 15member Pakistani and Somali crew remained missing. The freighter Rahimi, which flies the United
        AP  -  70 words
    • Article
      US Customs drops drug penalties against Evergreen
      170 23 US CUSTOMS has withdrawn penalties in excess of US$29 million which it had levied against Evergreen Marine Corporation (or drugs smuggled into the US in Evergreen containers on board the company's ships, according to a Fairplay report. The fines were for two sepa-
      170 words
    • Article
      Index to advertisers
      1073 23 AtC Coaloiaartiaa U Accord Stipe E9 AfS Si Ahraakwl Uaar n AC Towtat H AMricon Nwgml Anno* UM«I Afl XIV El A/row Uaot n s Auoc Corriaga XM s ANl HI 1/2 atc im VN 4 An V 15 ASCI V 1 Altai lift* XI 4 Soft
      1,073 words
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      Lock icon Santos port strike goes into third day
      280 23 Reuter LATIN AMERICA S biggest port, Santos, was paralysed for the third consecutive day on Wednesday. A union spokesman tor the port's 3,500 administrative workers said they would stay off the job until the state port authority, CODESP, met a promised 62 per
      Reuter  -  280 words
    • Article
      Local company to help develop simulator systems
      461 23  -  By RAHITA ELIAS A NEW RANGE of computer generated imagery (CGI) systems for ship simulators is being developed in Singapore by UK-based Maritime Dynamics and local company Industrial Offshore Computer Services (IOCS). With the two companies in "active cooperation", their projects would have
      461 words
    • Article, Illustration
      West German-based forwarder to build warehouse in Singapore
      375 23  -  INVESTMENT TO RANGE BETWEEN USS3M AND USS6M By JEAN FOONG LEADING FREIGHT FORWARDER Kuehne Nagel is poised to invest between US$3 million and US$6 million in its own warehouse in Singapore. The company planned to buy up to 7,500 sq m of
      375 words
    • Article
      A vintage year for French carrier
      263 23 FRENCH LINE Compagnie Maritime d'Affretement (CMA) had a recordbreak in o year in 1988. both in terms of sales turnover and volume shipped. Its sales rose nearly 40 per cent to exceed one billion francs, while the total number of loadedcontainer TEUs (20-foot equivalent
      263 words
    • Article, Illustration
      Lock icon Big boys muscling their way onto agencies' turf
      1551 24 Liner agencies are seeing their edge slowly eroded by principals that have decided to keep their marketing and logistics activities in-house. For many agencies, the question that begs to be asked is whether there is now a danger off a much more
      Lloyd's Maritime Asia  -  1,551 words
    • Article, Illustration
      Temporin named new president of Mitsui
      187 24 SUSUMU TEMPORIN, formerly vice-president of Mitsui OSK Lines, was appointed president of the company at a meeting of the board of directors on June 29. He replaces former president Kiichiro Aiura, who has become chairman of the board of directors. Former chairman Shizuo Kondoh
      187 words
    • Article
      Lock icon Researchers study oil slick
      123 24 AP AN OIL TANKER spilled tonnes of thick crude into the ocean off Norway, and environmental experts liked what they saw. US and Norwegian scientists dumped 35,000 litres of oil into the North Sea from the tanker Esso Bergen last weekend. The aim was to study
      AP  -  123 words
    • Article
      Bunker market report
      535 24 Density Waler Carbon Aati Ak mUnlum Sediment KQ/M*3 V/V M/M M/M PPM M/M Enon SO/Clmac limM Spec E2S 991 1.0 15.0 0.10 30* 0.15* Spec G35 991 1.0 18.0 0.15 30* 0.15* Moflwrn Europe 180 Ave 983 0.2 13.4 0.06 9 0.04 180 Max 993 3.0 17.5
      535 words
    • Article
      Who acts for whom ...
      2336 24 Who acts for whom A B AB Shipping Bouelead Shpg Agendee (8). ABBS Une S M S. Pie LM (ByTuna* Setts (PK/KL). ABC Contalnerttne NV Fargo Shpg Co (8). Accord Shpg Accord Shpg (BVAccord Container Une (PK/PN). Ahrenkld Uner Kim Shpg (8). Alfred C Toepler Oceenu* Shipping Agency (SVMuMport Sdn
      2,336 words
    • Article, Illustration
      Keppel repairs Iranian ship
      150 25 KEPPEL SHIPYARD is restoring the Iran Sepah, a 3,300-grt motor bulk carrier damaged by a missile in the Persian Gulf. The owner, Islamic Republic of Iran Shipping Lines, swarded the contract valued at $8.2 million to Keppel amidst keen competition from rival yards locally and abroad.
      150 words
    • Article
      London Freights
      405 25 THE DRY cargo freight market was extremely quiet on Wednesday with volume of business sffected by closure of the US on Tuesday for Independence Day and few fresh fixtures were reported, dealers said.• A lower rate of US$5.5O was paid for 90,000 long tons of iron ore from
      405 words
    • Article
      Consortia
      162 25 THE MAJOR shipping consortia operating between the Far East/Europesn, Fsr East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (Far East/Europe): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (Straits/Australia): Australian National Line Austrslia/Straits Container Line Djakarta Lloyd Nedlloyd Lines
      162 words
    • Article
      SHIPPING LIST where your ships are due...and when
      10958 32 AAJIHUS Cardigan Bay. Triot. Juty 0. Aial Maarak. Mwtt Lin.. Juty 0 Noraaia Suaan. Noraaia Una. Juty 7. Ming Star Yang Ming, July 0. B Parmal ScanOutcht. Juty 10. Ew Ouaat. Evargraan. Juty 10 Banaldar. Tnot July 12(MQ. Vill. da Juprtar CM
      10,958 words
    • Article
      Container schedules/ships in port
      1662 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movement Ship Voy date/time cargo schedule Location Pol Bohogic 42S 0707 89 1600 F07 07/0700-07/0745 C4 CGM Ronsord 07PG9 07 07 89 1700 F05 07/0800-*****0 Q6 Jozef Chelmo 25/W 0707 89 1800 FG5 07/0630
      1,662 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      30 23 TlllMlffl® MS A lively way with words Avmtmbh at at good bookahop* For advertising and circulation enquiries, please call Business Times, jal: *****11, fax: 253-2821 Tlx: RS ***** BTAD w
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      Page 23 Advertisements Column 2
      17 23 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 23 Advertisements Column 3
      326 23 "The Illustrated Encyclopedia of Wildlife" fortnightly at all good bookshops and news-stands SIBCON'B9 ASIA PACIFIC GROWTH: IMPACT ON THE BUNKER TRADE 7 8 September, 1989 Raffles City Convention Centre, Singapore The Asia Pacific region has been hailed by many as the fastest growing economic frontier in the world today. For
      326 words
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      Page 23 Advertisements Column 4
      107 23 Agencies face big squeeze THE SHIP AGENCY business is fseling the effects of the preference shown by many of the liner industry's international networks to keep their marketing and logistics operations in-house and take over deaKng with their clients direct. PAGE N New president for Mitsui OSK SUSUMU TEMPORIN, formerly
      107 words
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      135 24 NOTICE FAR EASTERN FREIGHT CONFERENCE SARAH. RRUNEI AND SARAWAK FREI6HT CONFERENCE FAR EAST/GOLF OF ADEN AND RED SEA PORTS CONFERENCE Notice to Shipper* Congestion Surcharge The member Lines of the above Conferences have been monitoring the berthing situation at the undernoted ports and have reported and agreed on the following:—
      135 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1289 25 Mr, WW Indicated Q lie) lity Sou'vii-f JAROINE SHIPPING AGENCIES 200 Cantonment Rom) #12-05 SouthfmM. Singapore 0201 Id *****11 TELEX NO RS 2*179 TERMINAL/CFS Tal *****11 —.220 BOOKINGS Ttl *****34 235 PESAKA JAROINE SNIPPING AGENCIES SON BHD PORT KELANG TEL 36M11S Tttei No MA***** MA39>Ol PENAN6 TEI *****4 TELEX NO
      1,289 words
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      Page 25 Advertisements Column 2
      1335 25 MAERSK LINE DESTINATIONS 11/7 12n 16/7 19/7 25/7 26/7 1/8 2/8 8/8 9/8 15/8 16/8 22/8 23/8 29* 30/8 Thte nat McKJnney M Oomg Tims CY 11/7 0400 MRS CFS 10/7 1800 MRS 5 29/7 31/7 2/8 3/8 s* 7/a ivr 5/8 7/8 9/8 10/8 12/8 14/8 20/7 21/7 12/8
      1,335 words
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  • Page 26 Advertisements
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      658 26 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND KSTINATI BELFAST. OUBLIN, COPENHAGEN, AADHUS, GOTHENBURG, MALMO. HELSINKI. OSLO. CARIBBEAN A S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT BENAVON TOKYO BAY BENCAIRN KAQA TOLA OA BAY HONGKONG EXPRESS WO 10/8 16/8 17/® 16/6 17/6 22/8 23/6 I 25/6 23/6
      658 words
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      Page 26 Advertisements Column 2
      326 26 Trr COLUMBUS LINE REEDEREI GMBH < A St M VICt Of HAMBURG SUDI SEMI CONTAINER SERVICE TO m •11! li'l VI -Mr £j b (ASIA-SOUTH PACFIC JOMT SERVICE) COLUMBUS NIUGINI V7S MORAYBANK VIIS SPORE] In ft Port Moroaby, Lm, Rabad, 21/7 Port Hornby. Lm, Rataul, Accepting LCI cargo for main
      326 words
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      Page 26 Advertisements Column 3
      506 26 7 1 f _S2 FIXED DAY WEEKLY TO EUROPE MEDITERRANEAN ADRIATIC RED SEA DEPARTING EVERY FRIDAY NEXT SAILING l "NORASIA SAMANTHA" V. 8916-3 111: M *715 TEL: MM njt h mm MTUM SIM n MHCKI H TH atiMya TU: ML* II S f4 A/55 P. OPTORG SHIPPING TO EUROPE CONTAINERISED
      506 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      947 27 Steamers Maritime Holdings Ltd W* P&O W^Cont Containers CONTAINER SERVICE TO UK CONTINENT: Also Accepting Cargo For: H—*Mf| to Aartua, GotlMnburt. Hthm. Stock hot*. I Itottw*— to tot—i P. A—tor*—. Oslo, Into, Zurich tX<W<IH<UII to Ml UK testiiutiora Beltat ind DuMin CONTAINERSHIP SERVICE FROM UK/CONTINENT: KNAVON' SjiM Sailed Sailed Sailed
      947 words
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      Page 27 Advertisements Column 2
      915 27 TSkXHO YANG LINE QUEEN SWAY BRIDGE 009* CHOYANC PARK 003W HANJIN OAKLAND 003W CHOYANC SUCCESS 004W WEEKLY EXPRESS INDEPENDENT FAR EAST/EUROPE FULLY CONTAINERISED SERVICE Also accepting for Inland UK destination* Antwerp and Scandanavian ports. CHOYANC SUCCESS 003E HANJIN TONGNAE OOE HANJIN ROTTERDAM OOE CHOYANC CHANCE OCE Ld| (or HK/KAO/KOBE/YOKO/BUSAN STRAITS
      915 words
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      Page 27 Advertisements Column 3
      72 27 1 PT. PELAYARAN MUTIARA SAMUDRA AGUNG PALMA SEJATI 10/7 BATAM/P BARU MJP 12/7 DUMAI/PERAWANG SAMUDERA 102 12/7 PERAWANG/DUMAI 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to 6ATAM SUMATRA PORTS Also accepting cargo for ports in Jawa Kalimatan. We specialise in project A heavylift cargo. Owners operators of tug
      72 words
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      Page 27 Advertisements Column 4
      372 27 /ZCHai Sun Hup Co (Pit) ltd r EL J9C <S 220*1 s P kastkkn c.\k i.ixki: ltd STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT «SS£L SERENE ASIAN SOU SOU wov mn DY ?I AR MATSUYAMA KOCHI VOY. MO. 13 104 71 73 S 'P°™ 7/7 8/7 13/7 17/7
      372 words
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  • Page 28 Advertisements
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      600 28 xa SINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for IRAN TEYFOURI PJL7O7 Eta 8/7 BANDAR ABBAS TkvowaY KYOWA LINE INTRODUCING KYOWA FAST DIRECT B/BULK/CONTAINER SERVICE FROM S'PORE/PK TO GUAM/SAIPAN AND MICRONESIA PORTS* ETA SPORE LOAD FOR: SPARKLE ETA IS AUG 89 GUAM.
      600 words
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      Page 28 Advertisements Column 2
      736 28 63) HANJIN SHIPPING FULL CONTAINER SERVICE WEEKLY FIXED DAY SERVICE I TO EUROPE VIA SUEZ TO USA PACIFIC SOUTH WEST QUEEN S WAY BRIDGE 009W CHOYANG PARK 003* HANJIN OAKLAND 003W CHOYANG SUCCESS 004W S pore LtMjyrt R'dant H burg B'havtfl Filowt HJ Til 7 27/7 28/7 30/7 31/7 15/7
      736 words
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      173 28 GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOuT*€PNt*<E «EGULA» LINEB SE"VCES .*O«NCHTL» SAILING hOMG KONG POBT KELANG PENANG OANOO *vSO accepting cargo «»OM "ONGKONG TO MA4>»S»AN PO« t 5 MtADAGfMb SOUTHERN SHIPPING JW> ANO ENTERPRISES CO. LTD. AGfsrs SATIMAR SON BHC K LUMPUR TEL 23M71«/2ttl«M PENANG TEL 04-«1M42 FAX *****1S TLX
      173 words
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      Page 28 Advertisements Column 4
      580 28 EVER GIANT EVER GENTRY EVER GATHER EVER GOVERN EVER GARDEN EVERGREEN Full Container Service Round-The-World East Bound fFE/CARIB/USEC/EURO/FE) ,m .as iss s >5 a a i s; r b ss ALSO ACCEPTING CARGO TO 1> PtOVIOENCE. NEWARK SAVANNAH. BOSTON PHILADELPHIA, NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA. CHICAGO. DETROIT COLUMBUS
      580 words
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  • Page 29 Advertisements
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      857 29 fey PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES CONVENTIONAL/SEMI-CONTAINER SERVICES RED SEA/EAST AND WEST AFRICA LOADING FOR: Calcutta Hodeldah, Aqaba, Jeddah, Aden, Mukalla Maha|angja, Mombasa, D'Salaam, Jeddah, Aqaba, Psudan Mukalla, Aden, Aaaab, Hodelah, Jeddah. Aqaba, PSudan Hodeldah, Jeddah, Aqaba, PSudan LOADING FOR:
      857 words
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      Page 29 Advertisements Column 2
      474 29 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAM a HAVEN R DAM HAVRE STOW PKLANC S POM fO« Toujj Sir SjiM S«ii< Honfkonf Eiprm biM TASMAN ASIA SHIPPING SIN MAIN LINE (TS) HKG NOUMEA SUVA AKL NAP TIM In Pt TA EXPLORER 2S 2CV7
      474 words
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      Page 29 Advertisements Column 3
      427 29 L DJASAGETRI A Joint Europe Service Of: P.T. OJ/yUUTTA LLOYD P.T. KSVM LLOYD P.T. MHWA MBONESM P.T. TMKOM LLOYD EXPRESS SM CMTTi VSL/VOY U BONTANG/IIWB 1! V I MATARA* 24W8 u services SPORE ANTWERP H BU R DAM/ADA* BR LI IS-IW7 12jt (ACCEPTING CONVENTIONAL ANO CONTAINERISED CARGO) IHW I|lt IM
      427 words
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      Page 29 Advertisements Column 4
      423 29 BOUSTEAD SHIPPING AGENCIES MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon AVA V/ 97 PAGAN VI43W HPA AN VI4IW P.Kelang Penang Bangkok 11/12 Jul MAS Jul 30 J«m* M THE BANK LINE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE RDAM HMBG HULL TAUSALA SAMOA VISN 23/7 20/8 25/8 29/8
      423 words
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      Page 30 Advertisements Column 1
      615 30 1 111"! Kline KAWASAKI KISKN KAISHA. 1.11). ss N. AMERICA-ATLANTIC COAST NEPTUNE GARNET OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM VOY LB 20 CHLS NFK •PK/PNG 'INDO N. AMERICA PACIFIC SOUTH-WEST RHEIN BRIDGE NUMBER BRIDGE NEPTUNE ZIRCON NEPTUNE RUBY EUROPE (Member of ACE) LE HAVRE F'STOWE R'DAM NEPTUNE RUBY OOCL AMERICA
      615 words
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      Page 30 Advertisements Column 2
      620 30 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers TULSIDAS ¥42 KAIIDAS V 44 TULSIDAS 43 KALIOAS V 4b Transit time Singapore Melbourne 11 days Singapore P Kelang Penang loading lor: Mother Vsl By Feeder By Feeder 23 luly 11 July IS July Frem/MefcSydwAdel 17 Aug 11 Aug 11 Aug frem.Melb Sydn
      620 words
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      Page 30 Advertisements Column 3
      373 30 OCk GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23 Telo* Ayer Street SINGAPORE 01M TEL U43W (10 LINES) U43SW P. Ketong Penang STRAITS/PERSIAN GULF SERVICE: Spore GOLDEN HAVEN Cotombo/Kandw/Dube. *22 July GOLDEN BEAR Cokxnto/KjradwOutw M August CHINA SERVICE OAI TUN SHAN Shanghai 12/14 July *fTTII ruiM ftrcAlU gtJIPPIMr CO., PEKING)
      373 words
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      Page 30 Advertisements Column 4
      552 30 PHILI-ORIENT LINES PTE LTD HEAD OFFICE 108 ROBINSON ROAD -07 00 GMG BUILDING SINGAPORE O'Ofc TELEX RS ***** PMILI FAX 22SSfc76 MNNNi EAST/PAH EAST Fa i LCI VESSEL I ETA SINGAPORE I DESTINATION 7/7, 14/7. 21/7 W7. 15(7 V. 7/7 .M'faffliifi JEDDAM (LCI) WEEKLY AQABA. MOOt ID AH H KONG
      552 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      913 31 Agfnt\ S poie Nlr Genetil Bookings Book fePiurt Aiawtiti pit. liu lienetil Bookings Bookings innnrd. Terminal CfS Enquiries Ft tU/AUST TPA/SEA Out**d *****22 *****43 *****7? 2 78V S3 ******2 ******4 *****19 *****16 *****18 ******8 (CR NO. **********0E) NEPTUNE ORIENT LINES LTD mpim son etc f Htltnf H L jmpur Penjnf
      913 words
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      Page 31 Advertisements Column 2
      132 31 kiA PAN OCEAN f/lN) SHIPPING COMPANY LTD REGULAR CONVENTIONAL SERVICES TO UK CONTINENT PORTS Spore BALISA AGENCY PTE LTD 80 Manne p a r aae Roac 1 3-0 1 02 Pa'KAav p a r aae Singapore 1 544 Teie* RS ***** BAUSA Por Bookings Te 3455 7 00 i 8
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      Page 31 Advertisements Column 3
      86 31 'Specargo Forwarding (S) Rte Ltd F-e Fo'^a-cle-s) PAPUA NEW GUINEA P MORESBY/LAE/RABUAL/KIETA OTHERS PORT LOUIS USA EAST/WEST COAST PORTS TEL: *****55 FAX *****73 TLX: RS ***** FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/ SEMARANG/PANJANG/CIGADING/ BENGKULU SERVICES FROM SINGAPORE TO PADANG PERITA MAS ETA 7/7/89 ETD 9/7/89 Daily receiving cargo
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      Page 31 Advertisements Column 4
      1004 31 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PfMK KELANG HANOtIMC SYSTEM CO SON BHD pa<ji» rnniwr *14 Cunph, Port Katong. SeUneor. Mat*y»a 2? V^2£2s;
      1,004 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      306 32 P¥ SINGAPORE SHIPPING^ CORPORATION (PTE.) LTD. TEL 225 6868 {34 Lines) FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAD r DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK i nooooo INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND H. CEGIELSKI 4W 0. GROTEWOHL 6/89
      306 words
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      Page 32 Advertisements Column 2
      151 32 ASEAN PORTS SONCKHLA UP an P.KELANGI -3 SAILINGS A WEEK DASWANI Sdn Bhd (Tel: *****59) PENANG 2 SAILINGS A WEEK DASWANI Sdn Bhd (Tel: ***** VESSEL VOY TANA BHUM ITI BHUM JAKARTA 2 SAILINGS A WEEK PT Sarana Penida (Tel: *****6) SURABAYA: "J SAILING A WEEK PT Sarana Penida (Tel:
      151 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      144 32 Regional Weather < 0 m M NV% 'J ss® K s •c a Wi Wnd dvcction wttti tpeed n knot* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AM. My 7,1M9 INMk R C A V Sho«ar Weottwr Wnd drcction wuh speed n knot* Roin w Cloudy Sky Swrfoce !■<! art
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      Page 33 Advertisements Column 1
      1809 33 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE Hamburg West Germany Tiger Line S f INDEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS SHUTTLE SINGAPORE CALCUTTA SHUTTLE MV TIGER BAY, MV SUSAK MV CALABAR Mn BEN LINE AGENCIES (S) PTE. LTD. Telephone: 225 3522 Telex: ftS ***** SOON KIAT SHIPPING PTE
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      Page 33 Advertisements Column 2
      45 33 J% ABC CONTAINERIZE N V. TO AUSTRAUA/NEW ZEALAND 1* DATS TO STDNKT! TO USA/CANADA caaai Norfolk, BattMMrt. Now Tort Montreal. Toronto. St. Mm FROM USA/CANAOA/EUROPE/MEOITERRANCAN A6ENTS\FARGO SmmCCOMMfrTE.) LTB. IS. HOE CHIANG ROAO 134)2. SANFORO lUILOING. SINGAPORE 02M TEL: *****22 FAX *****72 TLX: RS ***** FASCO
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      Page 34 Advertisements Column 1
      88 34 REGULAR RQ-RO SERVICE TO MIODLE EAST SINGAPORE P KELANG SAUDI HAIL Accepting Breahbulk, Ro/Ro, Containers I FCL Containers for Sharjah, Doha and Riyadh. JEDDAH 15 AUG 21 AUG 21 SEP SSEL UDI ABHA UDI TABUK UDI HAIL Also Accepting FCL Containers foe Charleston. Miami. Tampa and US Inland Points FCL
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      Page 34 Advertisements Column 2
      740 34 tSF OCEHnSfRU/CF LCL/FCL SERVICE TO/FROM WW T Jv.: r. J a PENANG KL: allied-link SINGAPORE: r JJM^V Saw MMWWWJ *»va 22 LINES) Marina Ong Nt/Christina Chiaw Elaina Tao/Ectkar Y*» CS A V <> (5 LINES) REGULAR L SE a SERvICE EXPRESS INBOUND WEEKLY SVCS FROM ALL UNITED KINGDOM CI TICS/POt
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      Page 35 Advertisements Column 1
      524 35 Everett Lines EX3 Cl'Word C*P?r? T#i Sl2«*4*l 5 Everett Steamship Corpn S A M«rrl»on» 4 C'Ot»>*Ks *<° 7 ld Q"«» P K»l»ng L 'It Fir Km No 3 P»r>»r,g *****0' '*****6 Tel *****5 *****? A jtwi sewices WEEKLY FCL/LCL GROUPAGE FROM SINGAPORE PORT KELANG PENANG JOHORE CM, QOTBG, MARSEILLES, OSLO
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      Page 35 Advertisements Column 2
      266 35 Z I M FUll CONTAINER SERVICE accepting FCL/LCL cargots to USA East I West Coast. Carribtoean East Cauda HAITI Costa Rica. El Salvador. Guatemala Honduras Venezuela Peru. Ecuador Colombia via Miami. Trinidad Barbados. Antigua St Lucia. Hontserrat Guayana via Kingston AUSTRALIA CONTAINER SERVICE vrt ACCEPTING CARGO TO AOELAIDE VIA MELBOURNE
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      Page 35 Advertisements Column 3
      591 35 "I: Hi /'"I 1 1 1 »*M»Q TNAMBPONT ATKM (TTt) LTD WEEKLY LCL/FCL SERVICE rTTrrrai ry.viti v»! 11 VESSEL A VESSEL JENLINK V.114N DESTINATIONS ETA SINGAPORE PORT KELANG 12 JULY MANILA 10 JULY HONG KONG. ALL CHINA PORTS 14 JULY KEELUNG. KAOHSIUNG 14 JULY BUSAN 17 JULY TOKYO. KOBE 11
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      Page 35 Advertisements Column 4
      489 35 'weekly full container service ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA ETA ETO ETA ETD PRASETIA 04-05 06/07 10/07 12/07 13/07 PRABHAKTI 276-277 11/07 12A)7 14/07 14/07 VOY SINGAPORE SURABAYA ETA ETO ETA ETO TANTO UTAMA VO2-03 11/7 11/7 14/7 15/7 General Agents: ASIA
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      Page 35 Advertisements Column 5
      424 35 PTC CONTAINER LINES FCL LCL SERVICE 9/7 KEELUNG/KAOHSIUNG 10/7 BANGKOK 9/7 MANILA 15/7 JAKARTA 15/7 PORT KELANG/PENANG 20/7 BUSAN 20/7 TOKYO/YOKO/KOBE 10/7 HONG KONG also accepting cargo 15/7 LDN/FLX/LVP/SOU 15/7 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to all Europe inland destinations 11/7 LA./NYC/SFO 11/7 VAKCOUYER/TORONTO/MONTREAL K- n I "j 9/7 AUCKLAND/WELLINGTON
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      Page 36 Advertisements Column 1
      661 36 II I k TO PSW MERCHANT MARINE CO., LTD EASTBOUND TO USA SIN HKG LBH OAK SEA FULLY CONTAINERISED TRANS-PACIFIC WEEKLY SERVICE HYUNDAI CHALLENGER HYUNDAI INNOVATOR HYUNDAI EXPLORER HYUNDAI COMMANDER HYUNDAI PIONEER LALANDIA 26E 07/07 13/07 31/07 03/01 06*0 25E 14*7 20*7 07/00 10*0 13*0 24E a/07 27/07 14/01 17/01
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      Page 36 Advertisements Column 2
      607 36 br\ JE CONTAINER LINE r TEL: *****59 FAX *****53 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST PONT KELANG PENANC BANGKOK HONC KONG CHINA KAOHSIUNG KEEiUNG IV7 4 22/7 MANILA 15/7 4 H|7 lUSAN in tup TOKYO «/7 4 11/7 KOBE 1/7 4 11/7 NAGOYA 1/7 11/7 YOKOHAMA
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      Page 36 Advertisements Column 3
      591 36 V" s/, V O%kV < Or MilsciOSK Lines. Lid FULL CONTAINER UK/CONTINENT (TRIO) ff" P.Mlwg |ITm Hte| CtovM l'4n La* knaloci up up tut ma mn ma ma KUMMA «MU I*7 n M 5 fl/7 H KNAVOM IV Sf) M W u! Ul 3 kmio cxmu an w S S
      591 words