The Business Times, 18 July 1989

Microfilm: NL16672
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, JULY 18, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    246 1 Footsie up LONDON share prices continued upward at midday yesterday, supported by takeover speculation. At about 1100 GMT, the Financial Times-Stock Exchange 100-share index was 12.7 points, or 0.6 per cent, higher at 2,286.4. AP Dow Jones down THE NEW YORK stock market declined in early trading
    246 words
  • Article, Illustration
    Markets finish generally weaker
    229 1 REGIONAL MARKETS closed generally lower yesterday with the Sydney market bucking the trend. The Singapore market broke its streak of six consecutive post-Crash highs as profit-taking saw the Straits Times Industrials Index retreating 4.50 points to 1,359.00. The Business Times Composite Index closed at 1,254.51, down
    229 words
  • Article
    Lock icon Keating expects interest rates to fall
    115 1 AFP AUSTRALIA'S record high interest rates may come down within the next six months, Treasurer Paul Keating said yesterday. He said in a radio interview that a decline in the high interest rates caused by the government's tight monetary policy was "a possibility" within
    AFP  -  115 words
  • Article, Illustration
    NOL plans $100m overseas container joint venture
    500 1  -  BASE MAY BE IN INDONESIA, THAILAND OR PHILIPPINES By LINDA CHEE NEPTUNE ORIENT Lines (NOL) has plans to manufacture marine containers overseas in a jointventure which will involve a capital outlay of more than $100 million. The national flag carrier is talking with
    500 words
  • Article, Illustration
    Wearnes' new PC likely to take market by storm
    501 1  -  By JEFFREY TSANG LOCAL company Wearnes Technology has developed a revolutionary new personal computer (PC) with which it hopes to capture a good chunk of the world market for PCs. The company is investing $25 million to quadruple its PC manufacturing
    501 words
  • Article
    Lock icon EC to set up trade office in Manila
    120 1 Bernama THE EUROPEAN Community (EC) will establish an office in Manila very soon to facilitate trade and investments between Europe and the Philippines, Philippine ambassador to Belgium Roberto Romulo has said. Mr Romulo made this disclosure following President Corazon Aquino's week-long visits
    Bernama  -  120 words
  • Article
    Lock icon Indon eyes more East bloc trade
    97 1 AP INDONESIAN Foreign Minister Ali Alatas said yesterday that Indonesia no longer distrusted the Soviet Union and other communist countries, but hoped to increase economic ties with them. In a parliamentary hearing on defence and political affairs, Alatas was asked whether continuing distrust of
    AP  -  97 words
  • Article
    Lock icon President Lee signs Taiwan's controversial banking bill
    198 1 Reuter TAIWANESE President Lee Teng-Hui yesterday signed into law a controversial banking bill which analysts say may wipe out the island s huge network of underground banks and investment companies. The law, passed by parliament on July 11, will go into effect on
    Reuter  -  198 words
  • Article
    Lock icon Jakarta go-ahead for 175 new private banks
    170 1 Bernama INDONESIA has approved the setting up of 175 new private banks within the next year and is considering another 115 applications from local investors there to set up banks. Indonesian Finance Minister J B Sumarlin said his ministry had also received numerous
    Bernama  -  170 words
  • Article
    Lock icon International training group vows dedication
    124 1 Bernama THE SECOND congress of the International Vocational and Training Association which ended in Jakarta yesterday has pledged to continue fostering positive relations between government and industry leaders at all levels. Noting the seriousness of worldwide unemployment problems. the association agreed to be instrumental in
    Bernama  -  124 words
  • Article
    Cheng family makes cash offer for Prima shares
    552 1  -  By AMY BALAN PRIMA LTO's normally staid Cheng family has made a general cash offer of $5.90 per share for all outstanding Prima shares. The offer, valuing the cashrich company at $221.25 million, was made by merchant bank Morgan Grenfell (Asia) on
    552 words
  • Article
    Lock icon 'Uno should quit if LDP does badly'
    118 1 Reuter A SENIOR member of Japan s ruling party said on Sunday that Prime Minister Sosuke Uno, who is embroiled in a sex scandal, should step down if the party fares badly in the weekend's national elections. Michio Wa tana be, speaking to
    Reuter  -  118 words
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      117 1 Nikon The World's Finest Photographic System. Sunday Lllll cll at SealooilI licatie l\e>t«iu rant y> -<* You cannot miss tke most important appointment of tke wee k! Sunday lunck witk tiie family at Seafood 1 keatre Restaurant. Tke kids will love it. Ske'll approve. I'amily friends will accept. At Seafood-1
      117 words
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      Page 1 Advertisements Column 2
      198 1 Full report, PAGE 18 Regional Mkts, PAQE 20 Editorial comment 12 Economic summit, political base G-7 summit 12 Pledge on currency cooperation Canada 13 Ontario beckons the capitalists Credit cards 2 Visa has largest share G-7 summit 4 Denouncement from China East bloc reform No going back, says Bush Financial
      198 words
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      7 1 Taiwan trie* to cool panic, PAGE 17
      7 words
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      Page 1 Advertisements Column 4
      42 1 Another box refurbishing plant, Shipping Time* PAGE I ChrUer LACQUERED LIGHTER PANTHER RING ky mu/t" de (a/tier ternu/fde Carder BoUiquer SINGAPORE #01 -36. Lucky Ptaza 304 Orchard Road Tel *****27 #01 -04 The Shoppng Galery. Hrton International 581. Orchard Road Tel *****95
      42 words
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      7 1 Nikon The World s Finest Photographic System
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  • HOME NEWS
    • Article
      Visa has largest share of credit card market: survey
      396 2  -  American Express rated as more prestigious By JOHN TAN VISA has the largest share of the plastic money market in Singapore, ahead of American Express, Mastercard and Diners Club in that order, according to a recent credit card survey. Jointly conducted
      396 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      234 2 PHILLIPS CONNOR has been appointed as managing director of Space Partnership. Prior to this, Mr Connor was design director of the Singapore office of UK-based Addison Marc. He has more than five years' working experience in Singapore and will be responsible for design direction, market development and
      234 words
    • Article, Illustration
      Funds for construction of new $12.3m CMPB 'money well spent': Chandra Das
      375 2  -  By MARTIN SOONG THE $12.3 million of taxpayers' funds that went towards the construction of the Defence Ministry's new Central Manpower Base (CMPB) was "money well spent Government Parliamentary Committee for Defence and Foreign Affairs chairman S Chandra
      375 words
    • Article
      Video group's new committee set to put things right
      287 2  -  By NG PENG HUI IN THE FACE of new challenges and a reduced membership, the Singapore Video Library Association is all set to put things right now that a new team is at the helm. At its annual meeting last Tuesday,
      287 words
    • Article
      Higher fines for black smoke emission
      258 2 THE MINISTRY of Communications and Information is imposing stricter controls on black smoke emission from diesel vehicles to curb growing air pollution from vehicles. Enforcement standards and fines for black smoke emission will slso be increased from Aug 1. The fines imposed on both
      258 words
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      482 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day :;firC!jrn«g—- <*» J- r-hlMhihi vV HlMlnwl din 0 *>' <"£»"' V' -X- i >.: v < <- 0 0 j l«g|—r~i n«in*ii n »n-i■-»- > -y« -y< V «V'-V« Y* -j T*\iaas *1 tr tr < < i MS2£P/ COMPAQ
      482 words
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  • HOME NEWS
    • Article, Illustration
      Mega-mergers leave niche for second-tier accountancy firms: Horwath's Rotach
      560 3  -  By ANNA TEO SECOND-TIER accounting firms would gain most from the current wave of mega mergers in the accounting profeaaion, contrary to a perception that they might be swallowed up by the big boys. The assertion that they would benefit came
      560 words
    • Article
      Conference on new directions in hotel industry
      284 3 A MAJOR hotel conference featuring international and local hotel and travel experts as key speakers will be held in Singapore next month. Billed as a "conference of immediate relevance for all in the booming hotel, travel and tourism sectors", New Directions in the
      284 words
    • Article
      Dr Cheong Choong Kong appointed SBC chairman
      86 3 SINGAPORE Airlines managing director Dr Cheong Choong Kong has been appointed as the chairman of the Singapore Broadcasting Corporation. A Ministry of Communications Information statement yesterday said that Or Cheong replaced Mr Yong Pung How, who was recently named a judge of the
      86 words
    • Article
      Diagnostic unit plans intensive studies on SMEs
      309 3 THE PROPOSED Technology Diagnostic Centre plans to make an estimated 300 to 400 plant visits and diagnoses lor small and medi-um-sized enterprises when it begins operations in September. In its latest issue. Productivity Digest, the Economic Development Board's SME newsletter, said the diagnoses
      309 words
    • Article
      India plans to capitalise on non-traditional attractions
      380 3  -  By SAID ABDULLAH THERE IS more to see in India than the Taj Mahal and erotic sculptures: This is the message that the Indian Tourists Office wants to put across to Singaporeans. Mr O P Korotania, the newlyappointed director of the Government of
      380 words
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  • ASIA-PACIFIC
    • Article
      Lock icon China denounces G-7 for 'gross interference'
      416 4 AP CHINA yesterday denounced the seven leading industrialised nations for their "gross interference" in calling on Chinese authorities to stop the crackdown on student participants of pro-de-mocracy protests. The strongly worded response mirrored earlier Chinese reaction to sanctions individually imposed by some of the
      AP  -  416 words
    • Article
      Lock icon Pests infest 1.2m hectares of Chinese farmland
      244 4 AP PESTS have infested nearly 1.2 million hectares (three million acres) of farmland in one southern Chinese province, and a crop protection expert has warned that farmers in neighbouring provinces should take preventive measures. In Guizhou province, 1.1 million hectares of crops, mostly
      AP  -  244 words
    • Article, Illustration
      Lock icon Rajiv, Benazir clash publicly over Pakistan's nuclear programme Rajiv, Benazir clash publicly over Pakistan's nuclear programme
      449 4 Reuter THE PRIME MINISTERS of India and Pakistan clashed publicly yesterday over Islamabad's controversial nuclear policy. The disagreement emerged at a joint news conference of Rajiv Gandhi and Benazir Bhutto at the end of
      Reuter  -  449 words
    • Article
      Lock icon Rajiv more popular than opposition: poll
      342 4 AFP A SNAP POLL published in New Delhi on Sunday shows that Prime Minister Rajiv Gandhi's popularity, though not high, has soared against opposition leader Vishwanath Pratap Singh. The next general elections are scheduled in December. The poll, commissioned by the popular Illustrated Weekly
      AFP  -  342 words
    • Article
      Lock icon Viet legal departures hit new high
      93 4 AFP A TOTAL of 22,724 Vietnamese have legally left the country in the first six months of 1989, more than the entire number to leave under the United Nationssponsored orderly departure programme during all of last year. "This figure is a record and is
      AFP  -  93 words
    • Article
      Lock icon Indon media asked to curb reports of crime
      234 4 Bernama THE INDONESIAN mass media have been urged to curb news reports about crimes committed against foreign tourists, for fear that such reports could hamper efforts to promote Indonesia as one of the world's leading tourist destinations. With an annual tourist arrivals
      Bernama  -  234 words
    • Article
      Lock icon KL starts study on inland ports
      231 4 Bernama THE MALAYSIAN Transport Ministry has started a feasibility study on setting up inland ports In states which do not have seaports. Transport Minister Datuk Seri Or Ling Liong Sik said on Sunday. The inland ports would help speed up cargo handling. making the
      Bernama  -  231 words
    • Article
      Lock icon M'sian union accuses RCA unit of using 'dirty tactics'
      273 4 Bernama THE RCA Workers Union (RCAWU) on Sunday claimed "dirty tactics" were employed by the RCA 9dn Bhd, an American electronics firm, to prevent workers from joining the union. The RCA Sdn Bhd had as yet also to recognise the $CAWU
      Bernama  -  273 words
    • Article
      Lock icon 'US policy on troops in Seoul unchanged'
      261 4 AFP THE US policy on maintaining some 43,000 troops in South Korea is unchanged "right now". Secretary of State James Baker said on Sunday. Mr Baker, appearing from Paris in an ABC Television programme, was speaking as South Korean Defence Minister Lee Sang-Hoon
      AFP  -  261 words
    • Article
      Lock icon Australia to champion Micronesia in struggle for recognition
      282 4 AFP AUSTRALIA will help the tiny Federated States of Micronesia in its struggle tor international recognition, Australian Foreign Affairs Minister Gareth Evans pledged in Pohnpei. Micronesia on Sunday. Micronesia, once part of the former US-administered UN Trust Territory of the Pacific Islands
      AFP  -  282 words
    • Article
      Lock icon KL livestock rearing plan at final stages
      341 4 Bernama THE Malaysian Ministry of Agriculture is determining ways and means as to how to implement an intensive livestock rearing programme soon Deputy Minister of Agriculture Oatuk S Subramaniam said the ministry was now in the process of doing it in all Felda
      Bernama  -  341 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1133 4 ARRIVALS Operator Swvln Local From numbw tim* GU GA990 0035 CGK SU SQ0I1 0040 LAX/NRT UAL UA805 0055 SFO/HKG ax CV796 0130 LUX/DXB/HKG CAL CI341 0155 TPE KAL KE697 0155 sa NCA KZ207 0215 NRT AIX UL455 0300 TYO FTl FT75 0315 DFW/ORO/ANC NRT/AANL/TPC JAL JL615 0340
      1,133 words
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      128 4 Suggested retail price: Tom *****.00 T< yf i A IH/\ B|i «VVVJfe*£': >ku Top door hook doubles as a closure Retainer straps keep clothing firmly in place Roomy bureau drawer is fully framed i Open the Oyster Valet Carry-on and you get a garment bag that's also a suitcase Big
      128 words
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      Page 4 Advertisements Column 2
      37 4 Tlx bustnm penon'i choice ertry Toothy. Thurtday. Saturday and S«nday. Leaving Chanfi Airport at Z2ros houri and arming Hath row etriy the following morning. CjJI nttr Tmrl Ajrr* or Air Canada 7)2tSSS A BREATH OF FRESH AIR
      37 words
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      267 5 k? -V \Jbh" .jttK.* f r J* -*S« JL C V-^;, "r»y,i£ t*.V*' ,n v4jfS'- v-'/*"£,rf^\;Vy* w sp v <v f .'IS p c'/ v ?i~ V ts^Sfc Jb»* >Vv ..>;•. ife&g >nv 'i^f-.-f V 1 I iV **1 *->*» ?J»'-J s r ■>' -V-: V-V <&,**£«£ -—'*1 C <V;
      267 words
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  • REST OF THE WORLD
    • Article
      Lock icon Senate leader blocking oil spill liability legislation
      321 6 NYT THE BUSH Administration's proposal for comprehensive legislation addressing liability for oil spills has run into powerful opposition. The Senate majority leader, George J Mitchell of Maine, has denounced its central feature, an international treaty. Senator Mitchell, whose status as majority leader made
      NYT  -  321 words
    • Article, Illustration
      Lock icon Reforms in Eastern Europe are here to stay, says Bush
      430 6 Reuter PRESIDENT BUSH, on the verge of wrapping up a gruelling 10day European trip, says the move towards democracy and economic freedom in Eastern Europe is here to stay. "Perestroika is for real. You cannot set the clock back. It
      Reuter  -  430 words
    • Article
      Lock icon Food aid for Poland aimed at reforms
      278 6 Reuter AN EMERGENCY food aid programme for Poland, hastily whipped up at the world economic summit, aims as much at nourishing the country's reforms as feeding the people there. Leaders of the world's wealthy democracies approved the idea without knowing how to get
      Reuter  -  278 words
    • Article
      Lock icon Ethnic violence claims 11 lives in Soviet Union
      469 6 Reuter ETHNIC unrest in the Soviet Union claimed 11 lives over the weekend, underlining the Kremlin leadership s inability to stop a growing wave of violence sweeping across the country. The latest casualties were in the Soviet Black sea region of Abkhazia,
      Reuter  -  469 words
    • Article
      Lock icon US cities in Midwest, West Coast to lead economic growth: report
      288 6 Reuter AMERICAN cities in the Midwest and on the West Coast should lead the nation's economic growth through 1969 and 1990, according to a report by the Conference Board. "In a US economy that is becoming increasingly difficult to
      Reuter  -  288 words
    • Article
      Lock icon Draft Soviet law presumes innocence
      188 6 Reuter DEFENDANTS in Soviet courts will be considered innocent until proved guilty under draft legislation before the Soviet parliament, the chairman of the Supreme Court was quoted as saying on Sunday. In an interview with the Communist Party daily Pravda, Mr Yevgeny Smolentsev said the
      Reuter  -  188 words
    • Article, Illustration
      Lock icon Algae keeping tourists away from Italian beaches
      561 6 AFP A PLAGUE of whitish algae that has surfaced off north Italy's popular Adriatic resorts has dampened tourists' enthusiasm for the beaches, despite health officials' assurances that it is harmless. Italian fishermen, however, fear the algae may be killing marine life. The phenomenon,
      AFP  -  561 words
    • Article
      Lock icon Zimbabwe land issue flares up again
      487 6 AFP NEARLY 10 years after the end of Zimbabwe's bloody war for independence, one of the burning issues which led tens of thousands of black nationalist guerillas to take up arms against the country's white ruling minority is smouldering again. The issue is land
      AFP  -  487 words
    • Article
      Lock icon UK strike forces red buses off the roads
      228 6 AP SCORES of London's famous red buses were off the roads yesterday as another strike by maintenance engineers stopped them from leaving their depots. The 24-hour stoppage over pay was one of a string of walkouts creating the worst industrial unrest of
      AP  -  228 words
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      42 6 IN CELEBRATION OF ANNIVERSARY EIFFEL TOWER 9! NATIONAL DAY 14TH JULY 1989 -w>: HI mm Vt 4^ lIWLT J OF 22 CARAT GOLD COIN WHEN YOU PURCHASE ANY OF OUR RENAULT CAR. RF.NALI.T Mpime Attractive trade-in prices ofleted RENAULT 25 RENAULT i
      42 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      51 6 Doonesbury PUKE! WHAT'S MISSION OF HAPPENJN6*W/ MERC/, KID. AREUJERFJVRN- I'M FV//N6 i IN6TOPORT? TOBBhJIN6 70RSSCUE H I fif=> CHINAS MOST WANIW FR&DQM H6HTBR, SHESA FUO&3N6 SYM-BOL-OF HOPE FOR AILUJHO VEARN WdREAJHd THE RICH AIROF DEMOCRACY! MR. TRUMP HAS DIRECTED MB 70 SPARE NO EXPENSE IN v BRIN&NSHEK outsafgw BY GARRY
      51 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      69 6 ri A July 16 Singapore OUTLOOK: Shower* ovar a tow aroaa In Mm Report for 24 hewn prior to 7.30pm on July 17 at RalnteN Ma m»... lit.7 Rainy daya Ma mil.— Mexico Oy 41/29 Oeor 32/27 Cloudy Now MM Now York Nicosia Oslo Porta Rio 'Janeiro Rom* San Frls'co
      69 words
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  • COMMODITIES
    • Article
      Lock icon Crude Oil and Products
      130 7 Telerate FUEL oil prices were unchanged in quiet trade yesterday. Buyers were notionally at $90-1 mt fob Sing. Sellers continued to ask at least $93 mt fob Sing for Aug avails of CST-180. Jul CST-380 was reportedly offered at $91-2 mt fob/cif Sing. Market sentiment remaied
      Telerate  -  130 words
    • Article
      Produce Prices
      196 7 Chinese Produce Exchange Mlm' noon dosing prl Icos om My 17 (SS/100 kg) Coconut oil Bufc FOB 104.00 OW dram FOB 114.00 New drum FOB 118.00 Copra Mixed (loos*) 60.00 ullars Pepper >A -.-L j-U-wtwtw FOB NLW 507JO Sarawak wWt» FOB faq NLW 497 JO Sarawak spodal black
      196 words
    • Article
      Lock icon KL tin
      149 7 Reuter HIGHER OFFERING on accumulation over the weekend pushed the KLTM price down $0 sen to M 525.70 a kg In tairty active trading yesterday, brokers said. Miners dlspossd of suppiles In anticipation of easi- er prices after weakness on the LME. Turnover roee sharply to 136 tonnes
      Reuter  -  149 words
    • Article
      Precious Metals
      341 7 HONGKONG: GOLD firmed in quiet, choppy trade dominated by US dollar movements yesterday, dealers said. The market lacked direction as investors awaited the release today of US May trade data. Dealers said they expected gold to trade in a range of US$369 to US$373 in New York yesterday.
      341 words
    • Article
      RAS and MRELB
      276 7 RAS prices in s (mmo, fob m 1 NOON CLOSE Suyors Sellers ftoyofi Seller* bit 1 RSS Prompt 178-30 179.50N 178.00 179.00N bit 1 RSS Aug 177.00 178.00 ***** *****N bit 1 RSS Sop 178 JO 179.50 178.00 179.99N Inf 2 RSS Of 176-50 178.50N 176.00 178.00N
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    • Article
      SSR and SMR
      88 7 (cann/kfl) AUGUST 1989 S€PTEM«CR 1989 ffm.A I. at 1 RAS (cuffwit iwonlhj NOON ITorworo m lot pi ii NOON Urfrt S*1Wri S*n SS* 30 190.00 152.00N 150.50 153 JON SS* 50 148 00 150.00N 14#. 50 150JON MRELB luy#r» (Ian Iwyar, S«>an SM* CV 33X00 235.00N 235.00
      88 words
    • Article
      Rubber
      336 7 SINGAPORE: Rubber prices closed lower yesterday, with August 1 RSS buyer quoted at 176.50 cents a kg. down two cents from last Friday's close. Dealers said prices hovered within narrow ranges around the morning's easier levels in quiet trading as operators stayed on the sidelines waiting for fresh incentives.
      336 words
    • Article
      Palm Oil
      337 7 MALAYSIAN crule palm oil futures closed weaker on persistent selling yesterday as sentiment was undermined by a 13 per cent rise in end-June palm oil stocks and a lack of supportive fundamentals, dealers said. The easiness also reflected a lower Chicago soyoil futures close last Friday, they added.
      337 words
    • Article
      Lock icon Indonesia expects lower coffee export earnings
      316 7 Bernama THE SUSPENSION of international coffee export quotas will reduce Indonesia's foreign exchange earnings from coffee this year, an industry official in Jakarta said yesterday. Oharyono Kertosastro, chairman of the Association of Indonesian Coffee Exporters, said Indonesia's foreign exchange earnings from coffee exports would
      Bernama  -  316 words
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      45 7 en the computer lias just declared your company solidly in the black, celebrate with something refreshingly green W:> iieti Jk* >■ 'mm 1 v .WeincKo^ Sri iWA r 7: i y i > r~*> r v v-**- 3r X f ar r »r > v- r A-h Heineken
      45 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1158 8 SINGAPORE: The US dollar closed higher against most currencies yesterday on speculative buying despite Bank of Japan intervention in Tokyo and last Friday s US economic figures showing a slowdown in the US economy. dealers said. It closed at 141.90/ 142.00 yen against New York's 140.85/95 Friday close
      1,158 words
    • Article
      Asian dollar market
      290 8 ASIAN DOLLAR DEPOSIT rates closed at their opening levels after thin trading yesterday. The market is now waiting for today's release of US May merchandise trade figures due at 1230 GMT, dealers said. Term rates were steady to slightly higher at the outset, supported by lower US
      290 words
    • Article
      Lock icon Simex
      496 8 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened at the day's high but unchanged from Chicago's level at 91.49. Prices eased following an over-the-weekend matched sales repurchases despite weaker-than-expected US June economic data. The September contract traded in a range of 91.45 to 91.49 before settling at 91.46, up 9
      BA Futures  -  496 words
    • Article
      Lock icon IMM
      341 8 Reuter IMM CURRENCY FUTURES closed sharply lower last Friday after a volatile session. Prices eroded in the face of US economic data that showed slower growth. Futures shot up initially after producer prices unexpectedly declined 0.1 per cent in June. But core wholesale price inflation of 0.7 per cent,
      Reuter  -  341 words
    • Article
      Money markets
      67 8 THE OVERNIGHT rate on the Singapore money market fell by 1/8 point to end at 5-1/4 per cent. The one- and two-month rates rose 1/16 point while the three-month rate was unchanged. > S$ Interbank rates at the dose yesterday: Off» MO (W ntSto 3 1/4 S I«m*
      67 words
    • Article
      Government Securities Market
      114 8 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFER HKX LOW 3 i—Kh» 8Q*****W 11.10.89 3.73 348 375 370 6 momt» BS*****H 23.11.89 3.73 3.68 1 y*or BY*****F 24.05.90 4J04 3.99 4.07 4.01 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      114 words
    • Article, Illustration
      World interest rates
      182 8 th« prtaw of 12 ma|or banks In S>or« X Interbank market r ■tee (offer/bid) on July 17 I us$ DM SWFC v« 7 4ay% 3/1* 1/1* 14 13 7/> 7 7f% 7 1/4 7 1/1 S 1/4 5 1/« 1 w*i 13 7/t 13 3/4 *15/1* 13/1*
      182 words
    • Article
      Options
      1242 8 CURRENCY FUTURES OPTIONS Monday, My 17, 1989 OEUTSCHEMARK (SIMEX) u 1 1 i Ml —9 Hlfft 66 pHM Law 33 79 53 130 54 195 Monday, My 17. 1989 JAPAN ESE YEN (S4MEX) bp 66 MM Low SaP ••P NMi MpmM Low 75 419 CURRENCY FUTURES OPTIONS IMM Friday,
      1,242 words
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      Page 8 Advertisements Column 1
      54 8 Today's Business Observation: Now pleasure is only 5 minutes away from business. THE Hyatt TOUCH hyattQkinabalu international llvatt Kinahalu International Jalan IValuk Salleh Sulong Kola Kinahalu Sahah Malaysia Telex MMI36IIYATKK 'I'd. (WB-*****4 l-ax: (BW-225V72 For reservations at over 150 llvatt Hotels and Resorts worldwide. call vour nearest llvatt Ilotel or
      54 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Japan lets life insurers expand futures trading
      179 9 Reuter THE JAPANESE Finance Ministry has relaxed limits on the participation by life insurance companies in their dealings in bond futures and other financial futures, an official at a leading life insurance company said. The ministry official responsible was not available for comment.
      Reuter  -  179 words
    • Article
      OCBC Bank upgrades LA office
      137 9 OCBC BANK has upgraded its Los Angeles representative office, which was established in October 1987, into an agency earlier this month. The agency is offering services such as arrangement and extension of loans and guarantee facilities, trade financing and acceptance of deposits. Heading the agency
      137 words
    • Article
      Lock icon Taiwan tries to cool panic over investment houses
      429 9 Reuter TAIWAN'S government has moved to cool public panic over the island's underground investment houses, which seem to be on the brink of collapse after the passage of a new banking law. Top officials took a conciliatory approach over the weekend with
      Reuter  -  429 words
    • Article
      Lock icon BOC's Hongkong branch faces major setbacks
      420 9 Reuter CHINA'S political turmoil has caused major setbacks for the Hongkong branch of Beijing's Bank of China (BOC), forcing it to scale down development plans for the next two or three years, bank officials said. A BOC official said the group planned a much
      Reuter  -  420 words
    • Article
      Lock icon Bank chiefs seek agreement on Mexican debt package
      353 9 NYT THE CHAIRMEN of the banks that are negotiating with Mexico on a debt reduction and restructuring package met in New York on Sunday to try to agree on the final elements of a plan, bankers said. The meeting of the chairmen,
      NYT  -  353 words
    • Article
      Continental Bank predicts record profits for 1989
      321 9  -  By HONG LEE TIAM RIDING on the back of an impressive first-half performance. Continental Bank of the US is optimistic of reporting record profit for 1989, its visiting vicechairman SWaite Rawls 111 said yesterday. With US$76 million already in the bag by the
      321 words
    • Article
      Financial services sector fastest growing in S'pore
      373 9  -  By DEXTER LEE THE FINANCIAL services sector has emerged as Singapore's fastest growing sector in terms of gross domestic product share, employment and productivity over the past decade. Figures published by the Monetary Authority of Singapore in its latest edition of The Financial
      373 words
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      371 9 'fit) »11/ V| [i a a In Black text on wmte screen m •sLy y «> o <2SP V -r <i#P fe <5^ PC-5541 with the nnv Illuminated Page White display Todays most wanted laptop display. Introducing the bkarp PC-5541. Now you can read the way you're used to black
      371 words
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      325 10 m r >5 < A Unique View A Unique Building j Ju Mm 1i m Cl II Li. li. l£ Ix li li JLI li li li li li. U G ix li rw jrr 11» i rrlitlii'f I* till «*5 n tu ni m m ?n w n inHnMini
      325 words
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  • TECHNOLOGY
    • Article, Illustration
      Laptop with desktop features
      746 11  -  8 GK3®TM2J2Q By JEFFREY TSANG THE PROBLEM with laptops is that while they may be great when you are on the road, no one wants to touch one when cocooned in the comfort of an office. For the things that make the laptop great outside a
      746 words
    • Article, Illustration
      McDonnell expands presence here
      309 11  -  SOFTWARE UNIT OPENS SUBSIDIARY IN SINGAPORE By JEFFREY TSANG MCDONNELL DOUGLAS Information Systems, a division of US aircraft maker McDonnell Douglas, has opened a subsidiary here with plans to set up a training facility at the Singapore Polytechnic. MDIS vice-president for the Far East and Pacific,
      309 words
    • Article
      Lock icon Intel to offer new super chip later this year
      136 11 Reuter INTEL CORP is introducing a set of communication chips for high-powered computers of the future. And nine computer companies, including Compaq and Zenith Electronics, said they have completed initial testing of the device. The companies said they expected the *****
      Reuter  -  136 words
    • Article
      Lock icon Researchers making fools of Aids viruses
      427 11 AP FAKE PROTEINS can jam the delicate machinery used by the deadly Aids virus to reproduce inside the body and could provide a new treatment and someday perhaps even the basis of a cure for Acquired Immunity Deficiency Syndrome. Despite the tantalising results. researchers
      AP  -  427 words
    • Article
      Lock icon TECH -TAKES
      227 11 NYT NYT A NEW YORK-based company has developed a portable projection device that produces high-resolution television pictures bright enough to be displayed on walls or billboards. The company, Projectavision Inc, is cagey about the inner workings of its prototype, which it hopes to turn into a consumer product
      NYT  -  227 words
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      Page 11 Advertisements Column 1
      208 11 Lighter Side It held over $300 for your lack lustre printer so you can sing while your Nakajima whispers away. Nakaiimas don't come cheap. They are premium printers the best that money can buy; which is why this ONE-TIME trade-up otter is significant Think The 9-pin AR6SV shoots an impressive
      208 words
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  • PERSPECTIVE
    • Article
      Economic summit, political base
      489 12 THERE IS NO such thing as an economic summit which is not also political. The unity of the two factors was clearly apparent at the just-conclud-ed Group of Seven summit in Paris. Economically, the mood of the meeting reflected the confident consolidation that has come to
      489 words
    • REGIONAL VIEWPOINTS
      • Article
        Upcoming meetings
        554 12 Our weekly summary of what other publications have to say about issues of regional Interest ASEAN BY agreeing to take part in two nonAsean sponsored international conferences, the Paris Conference on settling the Kampuchean conflict and the Canberra Conference on a possible Asia-Pa-cific trade cooperation, Asean in its
        554 words
      • Article
        Action and words
        434 12 The EC and 1992 AT THE recently-concluded Asean and Europe 1992 colloquium in Kuala Lumpur, EC Commissioner for NorthSouth Relations Abel Matutes argued persuasively that the formation of a single European market by end-1992 will not lead to a rise in protectionism and will instead provide greater
        434 words
      • Article
        Boosting the Basic Law
        299 12 HONGKONG "IN ONE of his first official acts as the new Chinese Communist Party general secretary, Mr Jiang Zeming last week invited Hongkong leaders of the Basic law Drafting and Consultative Committee to Beijing for talks. The early invitation proves the importance China attaches to repairing
        299 words
    • Article, Illustration
      Lock icon Pledge on currency cooperation
      1179 12 THE GROUP OF SEVEN SUMMIT IN PARIS IHT/Reuter THE SEVEN major industrial nations are more than ever convinced that their economic policies are on the right track, but much less confident that they have mastered the art of managing exchange rates. In an unusually lengthy economic
      IHT/Reuter  -  1,179 words
    • Article, Illustration
      Bush makes a quiet debut
      521 12 IN A NOVEL but perhaps inevitable departure, few of the Group of Seven's prescriptions for running the world economy were made in the USA. The country that had dominated the economic summit conferences since their start 14 years ago, found itself accepting its neighbours' proposals
      521 words
    • Article
      Lock icon G-7 urges banks to give some relief to poor nations
      557 12 AP OBSCURED PERHAPS by an unexpected overture from Moecow end the fireworks from France's US$5O-million birthday party were two promising achievements that emerged from the weekend's smooth Western economic summit in Paris. The democracies, freed for the moment from pressing
      AP  -  557 words
    • Article
      Lock icon Uno's performance applauded
      393 12 IHT AS THE economic summit meeting ended on Sunday, Japanese officials and political leaders generally applauded Prime Minister Sosuke Uno's performance, particularly on the issues of foreign debt, global environmental conditions and the position adopted toward China. Mr Uno, a former foreign minister, was immediately credited in
      IHT  -  393 words
    • Article, Illustration
      Ontario beckons the capitalists
      1544 13  -  Trade between Singapore and the Canadian province of Ontario is increasing. Companies there, noted for the strength of their research and development work, offer many opportunities to the foreign investor looking for a partner. JOHN TAN, who was in the province recently, reports on the business
      1,544 words
  • Page 12 Miscellaneous
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      149 13 mm i- tVA A HMrCVMiW s* ¥3m Ming Court Hotels Inlerrial ional ;V Kuala Lumpur farcing R*t Dckstn Vancouver A member of The MUt Group Group Sales Reservations Kuala Lumpur Singapore Perth Vammivr Singapore Sates Office: Tel: *****77 Telex: RS 241 77 Fax 53.***** Warmth and Elegance... Ming Style 5-starluxuiy
      149 words
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  • LEISURE
    • Article, Illustration
      Lock icon To throw or not to throw, that is the question
      695 14 LIBRARIES AP THE BRITISH LIBRARY is the nation's repository of printed books collected for more than 300 years, but it is now wrestling with a revolutionary idea: being choosy. "We have 16 million books and we are choc-a-bloc." says Kenneth
      AP  -  695 words
    • Article, Illustration
      Lock icon A Safari for the not so intrepid explorer
      797 15  -  THEME PAfKS By ANNE SENOR Reuter FOR THE half-hearted African explorer with only a day to discover the Dark Continent, here is just the thing. A modest fee buys a trip into deepest Africa, where there are wild beasts galore, exotic birds,
      Reuter  -  797 words
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      1223 14 COURVOISIER VS.O.P-HHH3C T€ ENICtIUS ONE G(X)D REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANCTrHER IS THE CHOICE OK MAIN CXX RSES. F° r between $26+ and $40+ you can select from our appetiser CjRIIJ. buffet including seafood, smoked salmon and oysters. Choose from many lavish
      1,223 words
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      257 15 i» <» <• m Nowlfou Can Fin© Italian Masterpieces In The Pahk. yVt», ur '/r not talking about the works of Italy .< finest artists. We 're talking about the works of Italy s finest chefs. From July Nto2), the Cafe-in-Tbe-Park u< running an Italian Buffet Dinner Promotion. Where you
      257 words
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      Page 15 Advertisements Column 2
      39 15 I I QUALITY i Prestige De La France Courvoisier is the only cognac house ever, to receive France's Highest Award for Quality. CHAM I d Si v Mf Z.t.jJSL *t i fj>%w wWlp-;1 4. 'M l*; 4 COGNAC COURVOISIER
      39 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      689 15 Mi) CRYPTIC PUZZLE ACROSS 3 Choose to give someone a seat (5) 8 He gives a tellow French wine (5) 10 Nosy old imperialist? (5) 11 Most animals have this brownish colour (3) 12 So. in one short month, his name became legendary (5) 13 Crazy fellow often running to
      689 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1387 15 TV and RADIO Operatic humour J/o vj: D k i t t if Vc 1 1 star *s a ri 4 wH ind charm of Rtvtl'i •60FS OUR CHOICE CULTURAL MOMENTS, 9.30pm. SBC 12 (I) The Dancemakers Constantin Patsalas and the National Ballet of Canada. Constantin Patsalas, the resident choreographer
      1,387 words
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  • SPORTS
    • Article, Illustration
      Lock icon UK's Big Three not up to par
      508 16 GOLF AP BRITAIN'S Big Three Sandy Lyle, Nick Faldo and lan Woosnam had a full dose of frustrations in their last warm-up for the British Open Golf Championship. Faldo, the current Masters champion, went into the Scottish Open last week seeking a fifth
      AP  -  508 words
    • Article
      Lock icon Donald and Simpson continue, Sutton out
      388 16 AP MIKE DONALD and Tim Simpson survived to continue their playoff on Monday, but Hal Sutton was eliminated in Sunday night s darkness-suspended playoff at the Anheuser-Busch Golf Classic. After Sutton dropped out with a double bogey on the third extra hole. PGA Tour
      AP  -  388 words
    • Article
      Lock icon Tyson-Holyfield fight could be a reality
      331 16 BOXING AFP EVANDER Holyfeld is poised for a world heavyweight title showdown with Mike Tyson. Holyfield set the stage for a multi-million collar bout by knocking out Brazil's Adilson Rodrigues in the second round of their WBC Continental Americas title clash in Late Tahoe,
      AFP  -  331 words
    • Article
      Lock icon Ballesteros fit to defend UK Open
      214 16 AFP DEFENDING champion Severiano Ballesteros checked in on Sunday for this week's British Open in Troon, Scotland, and promptly dispelled doubts about his fitness. The world number one from Spain failed to qualify for the final two rounds of his last tournament in Monte
      AFP  -  214 words
    • Article
      Lock icon Don't copy the pros
      667 16  -  By JERRY TARDE NYT THE ARGUMENT occurred, as they often do, in a bar. Roger Maltbie, the pro golfer, was impatiently trying to explain to a sober amateur of modest skill that square grooves were ruining the game. Maltbie contended that square-grooved clubs put so much
      NYT  -  667 words
    • Article, Illustration
      Lock icon Steeb wins first Grand Prix final
      304 16 TENNIS AFP CARL-UWE Steeb continued West Germany's run of tennis success when he turned his first Grand Prix final into his first triumph on the circuit in Gstaad, Switzerland, on Sunday. Steeb, whose main claim to fame before the match was beating Mats Wilander
      AFP  -  304 words
    • Article
      Pugh defeats Lundgren to clinch Hall of Fame
      185 16 UNSEEDED Jim Pugh won the first singles championship of his professional career on Sunday, defeating sixth-seeded Peter Lundgren 6-4, 4-6, 6-4 to win the Hall of Fame Championships. Pugh, who won the mixed doubles title at Wimbledon with Jana Novota a week
      185 words
    • Article
      Lock icon LeMond all set for the yellow jersey
      268 16 CYCLING AP UNTIL recently, Greg LeMond would have shrugged off any suggestions that he would be wearing the leader's yellow jersey with a week to go in the classic race. "I would have said they were crazy," said the leader of the Tour
      AP  -  268 words
    • Article, Illustration
      Lock icon Lawson defies the heat to keep ahead
      347 16 MOTOR RACING AFP EDDIE LAWSON defied the searing heat at the Bugatti circuit in Le Mans on Sunday to keep alive his hopes of retaining the 500 cc motorcycling world title. Temperatures hit 50 degrees Centigrade on the track and it was little
      AFP  -  347 words
    • Article
      Lock icon Second straight win for Prost
      218 16 GRAND PRIX AP THEY are already lining up for Alain Prost. Nine days after announcing he will leave the McLaren team at the end of the season, Prost sped to victory on Sunday in the British Grand Prix for his second straight Formula One triumph.
      AP  -  218 words
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      Page 16 Advertisements Column 1
      149 16 ■—9P m C on lightning. right! Awe-inspiring ribrformances on and off the courts or the tiacks. The New Balance 1500 Series. I or Running, Basketball and Tennis. Yes, t Play it v w ur rhe ..^loev u VocUnoU^ In Ti« t TA I— < .2 k Running $320 $2^5 $235
      149 words
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  • COMPANIES & STOCK MARKETS
    • Article
      OUE to manage two hotels in Langkawi and Kuala Lumpur
      384 17 OVERSEAS UNION Enterprise (OUE) has entered into two separate 30-year hotel management agreements in Malaysia through wholly-owned subsidiary Mandarin (Singapore) International Hotels Re Ltd (MSI). The property arm of Overseas Union Bank said in an announcement yesterday that the two
      384 words
    • Article
      Lock icon Berjaya plans to raise stake in TV3 to 20 per cent
      357 17 Bernama BERJAYA CORPORATION (M) Bhd is likely to increase its stake in Sistem Televisyen Malaysia Bhd which runs the TV3 to 20 per cent from 18 per cent, its chairman Datuk Sulaiman Amin said. Speaking to reporters after the
      Bernama  -  357 words
    • Article
      Lock icon MMC shareholders approve sale of 20 million Sime shares
      271 17 Bernama SHAREHOLDERS of Malaysia Mining Corporation Bhd (MMC) have approved the disposal of 20 million Sime Darby shares to Permodalan Nasional Bhd for Msloo million. The proposed sale will reduce MMC's stake in Sime Darby by 1.93 per cent to 11.75
      Bernama  -  271 words
    • Article
      Thornton launches £100m fund for Asian markets
      456 17  -  By KEVIN GWEE THE RAPID GROWTH of Asian stock markets and their equally promising future have caught the eye of another major investment group. Thornton Investment Management has launched an investment trust to invest £100 million (Ss3lB million) in emerging Asian markets, with
      456 words
    • Article
      Perlis in venture to set up oil palm plantation in Sabah
      310 17 PERLIS PLANTATIONS Bhd has entered into a joint venture agreement with Ladang Sabah Sdn Bhd to set up an oil palm plantation with a mill. In a statement to the Kuala Lumpur Stock Exchange and the Stock Exchange of
      310 words
    • Article
      Lock icon Malaysian Pacific embarks on M$56m expansion
      440 17 NST MALAYSIAN PACIFIC Industries Bhd is investing Mss6 million in an expansion programme which will significantly increase its turnover and profits in the next few years. Managing director Nga Been Sing said the investments would position the group for further growth in the manufacture
      NST  -  440 words
    • Article
      Fund-raising exercise will save F & N $2.7m a year in interest charges
      578 17  - Fund-raising exercise will save F N $2.7m a year in interest charges By ANDREA BORCH FRASER NEAVE Ltd has estimated that it will save $2.7 million annually in interest charges as a result of its proposed $200 million fund-raising programme announced a month ago. The beverage group will also see
      578 words
    • Article, Illustration
      Higher Global 1000 rankings for three S'pore companies
      587 17  -  By MAGDALENE NG THREE of Singapore's top companies have improved on their rankings in the latest listing ot the world's most valuable companies in terms of market capitalisation. Global 1000, a ranking by US-based business magazine Business Week, shows that Singapore Airlines.
      587 words
    • SES
      • Article, Illustration
        Investors pause to take profits on recent gains
        1132 18  -  by HERMAN PHUA AFTER A RUN of six consecutive poet-Crash highs, the local market paused yesterday tor a weiideserved breather as investors took profits on the recent gains. The Straits Times Industrials Index retreated 4.50 points to 1,350.00 from laat Friday's postCrash
        1,132 words
      • Article
        Unit trusts
        330 18 Managers' prices for July 18 OCBC-SIMBL Investment Sevan Capitol Fund 107 1.12 UOB Management UniKmd 1265 1265 Funds (NTA) Aseon Fund 200 Uuty 131 Oarwo Japan Fund (My 14) Thoi friee Fund IMy 141 US$11 17 V9 289 Singapore Unit Trust Savors Trust Fund 106 l.ll Unibond 104
        330 words
      • Article
        COMPANY MEETINGS
        68 18 AUSTRAL ENTERPRISES BERHAO: 20th AQM at 2nd Floor. 24-31 Jalan 8/55 A, Taman Setiawangsa, ***** Kuala Lumpur on July 20, Thursday, at 9.30 am. QB HOLDINGS LIMITED: AGM at 26 Jalan Terusan. Jurong Town, Singapore 2261. on July 20. Thursday, at 10am ISLAND AND PENINSULAR BHD: 27th AGM
        68 words
    • Article
      SES SHARE INFORMATION
      6090 18 1000 T*i High Low Cod* Company DEBENTURES, BONOS, LOANS Laat Sale JUL 17 crVol (•000) Day High Low Laal On tuyar Si me alter Qr'a Dtv Dtv Cw Qr'a rid Nat P/E M Cap $mM 284 45% 87% 66 72 86 18 52 97 96 86 71
      6,090 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices finish mixed
        3620 19 MBT SHARE PRICES closed mixed on the Kuala Lumpur stock market yesterday alter profit-taking pared early gams in active trading. Interest wss focused on lower-liners which recorded mostly marginal price movements while selected blue chips posted doubledigit losses The market opened firm but drifted lower Irom
        MBT  -  3,620 words
    • REGIONAL MARKETS
      • Article
        Lock icon Analysts bullish on flotation of Air NZ
        490 20 Reuter INDUSTRY and share analysts are optimistic about the flotation of Air New Zealand shares later this year, but most are wary about the former stateowned carrier's long-term prospects. "In general, there are a number of reasons to be mildly optimistic about the
        Reuter  -  490 words
      • Article, Illustration
        Lock icon Withering close
        556 20 Tokyo Reuter SHARE PRICES yesterday withersd to close lower in the year's thinnest trade as sidelined plsyers painted gloomy pictures of how badly Japan's ruling party may lose in Sunday's upper house election. Several sell programs by foreign brokers helped push the market down. "The market has just
        Reuter  -  556 words
      • Article, Illustration
        Lock icon Market closes higher
        556 20 Australia Reuter THE Australian share market closed slightly higher yesterday following gains in overseas markets last Friday. But trade was subdued ahead of the June balance of payments figures due for release today. The All Ordinaries Index closed 7.2 points higher at 1,563.7. Dealers also said the
        Reuter  -  556 words
      • Article, Illustration
        Lock icon Prices finish easier
        1285 20 Hongkong Reuter SHARE PRICES ended easier in thin trade yesterday as investors awaited the release of US May trade data today and the Hongkong government land sale later this week. The Hang Seng index fell 13.47 points to 2.502.64 and the broader-based Hongkong index 8.81 to 1,651.93.
        Reuter  -  1,285 words
      • Article
        Lock icon Bombay: Sharply weaker
        197 20 Reuter SHARE PRICES fell sharply in light trading for the new two-week account when an increase in stockbrokers fees prompted selling yesterday. Contango charges were fixed at 24 per cent for business done in the two weeks ended last Thursday against 15 per cant in the previous
        Reuter  -  197 words
      • Article
        Lock icon Manila: Prices end mixed
        148 20 Reuter PHILIPPINE share prices closed mixed in listless trade dominated by blue chip San Miguel and selected mining issues on account of firmer copper prices yesterday. The Manila Stock Exchange composite index fell 7.23 points to 1.029.64. Combined turnover in both the Manila and Makati bourses
        Reuter  -  148 words
      • Article
        Lock icon Bangkok: Marginally firmer
        176 20 Reuter THE Stock Exchange of Thailand index yesterday finished 0.35 point higher at 616.78. Turnover of 6,340,500 shares was worth 805.87 million baht. The Bookclub Index was up 0.26 point at 534.10. JULY 17 a IAMT Ao Kham Thai 416 2 Ayudhya Invaatmant 41 SO unch Bangkok
        Reuter  -  176 words
      • Article
        Lock icon Taipei: Sharply higher
        404 20 Reuter SHARE PRICES in Taiwan closed sharply higher almost across the board in a technical correction yesterday. The weighted index jumped 346.19 points, or 4.3 per cent, to end at 6,444.56 against Saturday's 8,098.37 finish. Turnover rose to NT564.53 billion from NT549.68 billion. Brokers said the index's
        Reuter  -  404 words
    • INTERNATIONAL COMPANY NEWS
      • Article
        Lock icon Wall Street divided on Time-Warner ruling
        725 21 NYT WALL STREET lawyers, investment bankers and traders are split widely on the significance of a Delaware court's refusal to block Time Inc's proposed US$l4 billion purchase of Warner Communications Inc. Some Wall Street professionals said they were pleased by the decision by Chancellor
        NYT  -  725 words
      • Article
        Lock icon Bond said to have sold rest of stake in London site
        151 21 Reuter BOND CORP Holdings Ltd has sold its remaining 50 per cent stake in the former St George's Hospital at London's central Hyde Park Corner, in an extension of its asset sales programme, according to industry sources. A spokesman
        Reuter  -  151 words
      • Article
        Lock icon ATT to swap Olivetti stake for CIR foothold
        353 21 Reuter AMERICAN Telephone and Telegraph Co (ATT) will swap its 22 per cent stake in Ing C Olivetti C for a large shareholding in Carlo De Benedetti's main industrial holding company. The announcement on Saturday ends months of persistent speculation that ATT
        Reuter  -  353 words
      • Article
        Lock icon Pickens and Bilzerian poised for nasty battle over Singer
        416 21 FT T BOONE PICKENS and Paul Bilzerian, two notorious US corporate raiders, are poised for a nasty spat over control of Singer, the dismembered aerospace group. Thanks to onerous terms Mr Pickens laid down for lending Mr Bilzerian US$l5O million to
        FT  -  416 words
      • Article
        Lock icon Spain overhauls share market
        626 21 NYT WITH EUROPEAN financial deregulation coming in three years. Spain is on the brink of the most ambitious overhaul of its Napoleonic equities market, a reference to the system on which it was modelled and a description of its quaintness. The Big Bang is scheduled for
        NYT  -  626 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        494 21 Reuter MILAM: Italian shares were mixed to higher in late morning trading yesterday, despite some profit-taking and a sell-off of Olivetti shares following weekend news of ATT's disposal of its stake in the company. The MIB index was 0.26 per cent higher at mid-day, with leading blue
        Reuter  -  494 words
      • Article, Illustration
        Lock icon Goldsmith's bid for BAT stirs junk bond debate
        716 21 The City gets its first big leveraged buyout offer NYT SIR JAMES Goldsmith's hostile US$2l billion bid for BAT Industries has bestirred London's financial community because it is the first time the City has witnessed either a huge leveraged buyout offer or
        NYT  -  716 words
      • Article
        Lock icon Motorola sees enhanced global expansion
        293 21 Reuter MOTOROLA Inc. reporting stronger second-quarter results, said it is poised to expand its presence globally. "We expect more rapid growth in Asia and in Europe than in the United States, and we have taken steps to manage our businesses accordingly." said chairman Robert Galvin.
        Reuter  -  293 words
    • Article
      'New link means more investment opportunities'
      426 22  -  GELANG PATAH-JURONG LINK PROPOSAL GETS THUMBS UP By WALTON MORAIS LOCAL BUSINESS leaders yesterday unanimously welcomed the setting up of a second link between Johor and Singapore, saying it would enhance economic links. They said it would encourage Singapore investments in Johor, boost business
      426 words
    • Article, Illustration
      Lock icon Kan Seng, Abu Hassan hold wide ranging talks
      378 22 AFP, Bernama SINQAPORE Foreign Minister Wong Kan Seng held wide-rang-ing talks with his Malaysian counterpart Datuk Abu Hassan Omar at the start of a three-day visit in Kuala Lumpur yesterday, Malaysian and Singapore officials said. Mr Abu Hassan told newsmen after the
      AFP,; Bernama  -  378 words
    • Article
      Lock icon Johor awaits Kuala Lumpur's decision on second Causeway
      150 22 Bernama THE JOHOR government is awaiting a decision from the federal government on plans to build a second link to Singapore it has agreed to in principle. Mentri Besar Tan Sri Haji Muhyiddin Yassin said yesterday the state government was prepared to
      Bernama  -  150 words
    • Article
      Lock icon Economic outlook bright for medium term, says G-7
      460 22 Agencies THE WORLD'S economic outlook is good for the medium-term, despite risks from inflationary pressures and continuing trade and fiscal imbalances, the seven-na-tion Western summit said on Sunday. The current cycle of growth, now entering its seventh year, has been successfully sustained
      Agencies  -  460 words
    • Article
      Lock icon Environmental destruction: Japan resents 'villain' label
      279 22 AFP JAPAN rebuffed suggestions that it was the country most responsible for damaging the earth s environment and instead called for "forward-looking" policies of environmental protection. "I resent very much that kind of perception that Japan must be the villain when it comes to
      AFP  -  279 words
    • Article
      Laurel starts private South-east Asian tour
      299 22 PHILIPPINE Vice-President Salvador Laurel left for Jakarta yesterday to start a private South-east Asian tour that includes talks with Indonesian President Suharto and Singapore Prime Minister Lee Kuan Yew, aides and diplomats said. Mr Laurel, who has long been estranged from President Corazon Aquino
      299 words
    • Article
      Lock icon 'Filipinos working abroad sent home US$2.5b in 1988'
      125 22 OANA/PNA FILIPINOS working overseas sent home an estimated US$2.5 billion last year, making them the country's biggest source of foreign exchange, a labour official said yesterday. Only a third of the amount, however, was sent through official channels. Central bank records show
      OANA/PNA  -  125 words
    • Article
      Government grants three-week final amnesty to overstayers
      442 22 THE GOVERNMENT yesterday announced a second and final amnesty for foreign overstayers. In a joint statement, the Foreign Affairs and Home ministries said for three weeks from today all foreign overstayers will have a last chance to surrender and be repatriated without punishment.
      442 words
    • Article
      PWD to postpone implementation of part of new BCA
      503 22  -  By LEE HAN SHIH,LILIAN ANG THE PUBLIC Works Department (PWD) has decided to postpone the implementation of a part of the new Building Control Act, which has been the bane of developers. The July 1 deadline by which the structural design
      503 words
    • Article
      Lock icon Zhao's son faces profiteering probe
      296 22 Agencies THE CHINESE leadership has decided to investigate whether a son of purged Communist Party boss Zhao Ziyang is guilty of profiteering, a newspaper reported in Hongkong yesterday. The independent Ming Pao daily said the probe into the activities of Mr Zhao's second son, Zhao
      Agencies  -  296 words
    • Article
      Lock icon Comex gold and silver
      98 22 Reuter COMEX gold futures yesterday barely traded in the early going as they mimicked the dollar and awaited today's US trade report for May. August scored a high at previous support at U*****.00, which is now resistance, before easing to 372.60, a US$O.4O advance, about an
      Reuter  -  98 words
    • Article
      Lock icon Manila in talks with banks for loans and relief
      249 22 Reuter Bernama PHILIPPINE debt negotiators are in New York for talks this week with commercial banks on new borrowings and debt relief, a government spokesman said. A finance department spokesman said Secretary Vicente Jayme and Central Bank Governor Jose Fernandez went
      Reuter; Bernama  -  249 words
    • Article
      Lock icon US bans missile device sale to India
      140 22 Reuter THE BUSH administration has decided to ban the sale to India of an advanced device which it fears could be used to develop ballistic missiles, the Washington Post reported yesterday. The administration has also expressed concern to France about reports of an
      Reuter  -  140 words
    • Article
      Lock icon S Korean accused of being a spy
      182 22 AFP SOUTH KOREA'S national intelligence agency said yesterday that opposition legislator Suh Kyong-Won had been a North Korean espionage agent in the pay of Pyongyang since 1985. The 52-year-old member of the National Assembly was arrested on June 28 immediately after he revealed
      AFP  -  182 words
    • LATE FILE
      • Article
        Lock icon Industrial output in Japan up
        51 22 AFP JAPAN'S industrial output grew 0.5 per cent in May from the preceding month, indicating the economy is still on an expansionary path, the Ministry of International Trade and Industry said, adding that the figure was down from an earlier estimate of 0.9 per cent.
        AFP  -  51 words
      • Article
        Lock icon Japanese accused of Cocom breach
        63 22 Reuter POLICE holding a Japanese businessman on suspicion of illegal exports to communist states accused him yesterday of a second possible violation involving the export of semi-conductor production machinery to East Germany. Hirokuni Matsuda, 49, president of the Tokyo-based Prometron Technics company, was suspected of
        Reuter  -  63 words
      • Article
        Lock icon C&C orders more Proton Saga cars
        40 22 Bernama C&C LTD, the Singaporebased company given the franchise to distribute the Proton Saga in the republic, has increased its initial order for the Malaysian national car to 365 units from 180 units. Bernama
        Bernama  -  40 words
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        Lock icon M'sian industrial production up
        54 22 Bernama MALAYSIA'S index of industrial production for the first five months rose 9.1 per cent to 140.9 compared with 129.1 for the same period last year. The statistics department said yesterday that all the three divisions reported increases which included the mining division, up 5.5 per
        Bernama  -  54 words
      • Article
        Lock icon Indonesia takes over Asean post
        48 22 Bernama BRUNEI'S Roderick Yong yesterday handed over the post of secretary-general of the Asean Secretariat to Mr Rusli Noor of Indonesia. The ceremony was witnessed by the Indonesian foreign minister and the current chairman of the Asean standing committee, Mr Ali Alatas. Bernama
        Bernama  -  48 words
      • Article
        Lock icon Death sentence call
        47 22 AFP THE Khmer Rouge, whose leaders have been sentenced to death in absentia by the Vietnamese-backed Cambodian government, have called for Phnom Penh's leaders to be given the same sentence as traitors but have their lives spared to join in a political settlement. AFP
        AFP  -  47 words
      • Article
        Lock icon India discloses spy satellite plan
        57 22 AFP INDIA will keep its options open on the development and production of military satellites, Defence Minister Krishna Chandra Pant said in New Delhi yesterday. Mr Pant told a defence magazine that India would develop the satellites at an appropriate time both for surveillance and
        AFP  -  57 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      190 17 CURRENCY INVESTMENT AMHRK I \I'KI ss K\\k TEL: 321 3333 i m Si y/Qb's& tn Stock Exchange of Singapore SPECIAL SUPPLEMENT The lines around the world's stock markets are fast disappearing. As we move Into the Nineties, the pace will pick up. The growth of the global market place and
      190 words
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      743 20 NOTICES ATMU+CI ENTERPMSES PTE LTD n -Jig .II ll PROVISIONAL UQUNMTOR Take notice that Mr Teo Seng Chee of 101 Upper Cross Street #04-25, People's Park Centre, Singapore 0105 has been appointed provisional liquidator of the abovenamed Company on 15th day of July 1989 pursuant to Section 291 of the
      743 words
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      Page 20 Advertisements Column 2
      651 20 In the matter of THE COMPANIES ACT, CAP. 50 and In the matter of WEI KAH PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 51 Anson Road, #02-57 #02-59 Anson Centre, Singapore 0207, on Tuesday,
      651 words
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      Page 20 Advertisements Column 3
      672 20 In The Matters of the Companies Act Cap 50 and SANHAI TRADING CO PTE LTD (In members' voluntary liquidation) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the Company duly held and com«ned on 12 July 1969 at 15 Fishery Port Road. Jurong Industrial Estate. Singapore 2261.
      672 words
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      Page 20 Advertisements Column 4
      13 20 The Seoul and New Zealand marfcet reports were not available at press-time yesterday.
      13 words
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      Page 20 Advertisements Column 5
      65 20 THE NEW ENCYCLOPAEDIA BRITANNICA THE LIBRARY THAT NEVER CLOSES.... Your very own home reference library that's always there for you 132 magnificent volumes in 4 user-aided parts I Unerring source of essential knowledge I Easy-to-use, time-savm guide to specific information I More extensive, more in depth coverage I Clear, concise
      65 words
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      Page 21 Advertisements Column 1
      86 21 FOR SUCCESSFUL MANAGEMENT OF YOUR RUSINESS C> 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 for managers who want the competitive edge. Plus an occasional look at
      86 words
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      Page 22 Advertisements Column 1
      5 22 More stories, Leader, PAGE 12
      5 words
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      Page 22 Advertisements Column 2
      189 22 China denounces G-7 for 'qtom Inicrftrtnct 1 PAGE 4 A UNIQUE BUSINESS OPPORTUNITY A unique opportunity exists for interested parties to become established in a high growth business sector Mechanical and Scaffold Access Hire for a well below cost investment GIN LIGHT ACCESS A DIVISION OF GIN AUSTRALIA LTD ARE
      189 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Register finishes distribution centre
        69 23 LLOYD'S REGISTER has completed work on the first of six regional distribution centres for ASOA, a superstore chain. The centre recently opened in Falkirk, Scotland has four refrigerated chambers with a combined volume of 62,000 cubic metres used for the safe storage of chilled and frozen
        69 words
      • Article
        Dutch dredger to take over builder
        70 23 DUTCH DREDGING COMPANY Ballast Nedam has signed an in-principle agreement to take over Zeist-based Broekhoven from West German construction firm Hochtief. It is understood that if the deal goes through, Ballast Nedam would become one of the most important dredging concerns in the world
        70 words
      • Article
        Lock icon New service by Canada Maritime
        85 23 International Transport Journal CANADA MARITIME has announced the introduction of a new break-bulk express service which will replace the line's existing ro-ro operation. The new service will link the Canadian ports of Montreal and Gros Cacouna (St Lawrence) with Antwerp and Cardiff (up to now
        International Transport Journal  -  85 words
      • Article
        Lock icon Sumitomo gets order for tanker
        98 23 Fairplay JAPANESE SHIPBUILDER Sumitomo Heavy Industries has received another order for its 95,000-ton tanker series. The latest order has come from the Greek Onassis group and is the third such vessel to be contracted by this owner from Sumitomo in recent months. Japanese sources put
        Fairplay  -  98 words
      • Article
        Lock icon Lines agree to sell-policing plan
        88 23 Seatrade Week NORTH ATLANTIC LINES have agreed to neutral body self-policing following a meeting with the US Federal Maritime Commission (FMC). Carriers are to meet annually with the commission to exchange views on the competitive condition of the trades and the effectiveness of the compliance
        Seatrade Week  -  88 words
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      Lock icon Chinese leaders back controversial port leasing plan
      170 23 AFP CHINESE COMMUNIST PARTY chief Jiang Zemin and Premier Li Peng have backed a controversial project involving the leasing of a port to an overseas consortium in the southern island province of Hainan, press reports in Hongkong said yesterday. The reports, quoting the
      AFP  -  170 words
    • Article
      Index to advertisers
      853 23 ABC Contoinertine 5 Accord Shpg VIII 3/4 Arrow lies? XI 5 ANl III 1/2 ARC tin* vw 5 API V 3-5 ASCI V 1 Australia Line VII 1 Bolt-Canada line IX 4/5 Bolt-Orient line IX 4/5 Baltic Orient Shpg XI 4 Bangladesh Shpg VII 2 Bank line
      853 words
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      Lock icon Senator Linie likely to get two more shareholders
      270 23 Containerisation International SENATOR LINIE of Bremen, which operates fortnightly round-the-world services in both directions, is likely to attract two more shareholders. According to Mr Karl Heinz Sager, the company's founder and chairman, the newcomers will be two West German shipowners Leonhardt and
      Containerisation International  -  270 words
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      Incentives for Philippine building and repair sector
      358 23  -  By AL O LABITA JR, writing for BT from Manila MANILA'S Board of Investment (BOI) has prepared a new package of incentives to encourage the growth of shipbuilding and repair in the Philippines. The move, 801 officials say, was spurred by the current
      358 words
    • Article, Illustration
      NOL subsidiary to build yet another box refurbishing plant
      430 23  -  SECOND OCWS FACILITY TO COST $8 MILLION By LINDA CHEE PROSPECTS for refurbishing containers are so good that Orient Container Warehousing Services, a subsidiary of Neptune Orient Lines, has decided to build another refurbishing plant even as its new $4 million
      430 words
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      OOCL gets two newbuildings for FE-Europe run
      92 23 HONGKONG SHIPPING LINE Orient Overseas Container Line (OOCL) has taken delivery of two newbuildings for its weekly fixed-day Far East-Europe service. The two Hongkong-registered vessels, OOCL Hope and OOCL Honour, each has a capacity of 3,500 20-foot equivalent units (TEUs). OOCL Hope will
      92 words
    • Article
      Industry urged to consider common-user warehouses
      168 23 MR ALAN YEO, chairman of the Trade Development Board, has urged industry to seriously consider using professional common-user warehouses. "It is a facility which benefits all," said Mr Yeo at the official opening of Orient Container Warehousing Services yesterday. "The users are absolved of
      168 words
    • Article, Illustration
      Lock icon Tanker owners becalmed in sea of uncertainty
      1224 24 In spite o! the relatively high levels of oil production, owners of tankers, especially VLCCs, saw disappointing returns from the freight market for most of the first half of this year. What the next six months will hold for them depends on several
      Lloyd's Shipping Economist  -  1,224 words
    • Article
      Consortia
      163 24 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (Far East/Europe): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (Straits/Australia): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nediloyd Lines
      163 words
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      Shipping events
      480 24 July 17-19 The Inmarsat International Conference on Mobile Satellite Communications. The conference is to mark the 10th anniversary of Inmarsat. The three-day conference will provide an m-depth review of the latest developments in communications. For details: Blenheim Online Ltd, Blenheim House, Ash Hill Drive Pinner Middlesex HAS 2AE
      480 words
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      New study opportunities in store for shipbrokers
      507 24 THE ROYAL CHARTER for the Institute of Chartered Shipbrokers, which dates back to June 1964 and supersedes the 1920 charter, stipulates that one of the aims of the institute shall be to test the suitability of candidates for admission to membership, by examination
      507 words
    • Article
      Lock icon Tanker rates
      278 24 AFP TANKER MARKET OPERATORS were puzzled to note a significantly higher volume of fixings out of the important Gulf states area at the same time as a downturn in rates. More than 20 VLCCs and ULCCs with a carrying capacity in excess of 5.6 million tonnes were fixed
      AFP  -  278 words
    • Article
      Who acts for whom ...
      2434 24 Who acts for whom A —B AB Shipping Boustead Shpg Agencies (S) ABBS Una S.M S PI* Lid (SyTunaa Satis (PK/KL) ABC Containerllne NV Fargo Shpg Co (S). Accord Shpg Accord Shpg (S)/Accord Container Lin* (PK/PN) Ahrenkiel Liner Kim Shpg (S). Alfred c Toapier Oca anus Shipping Agency (S)/Multiport Sdn
      2,434 words
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      Lock icon Boom in exports of S Korean containers
      238 25 Lloyd's List EXPORTS of South Korean-made containers especially those of aluminium are soaring in spite of the slow performance of general merchandise exports in the first half of the year. The Korean Container Industry Association said containers worth U*****.5 million had been exported
      Lloyd's List  -  238 words
    • Article
      London Freights
      990 25 THE DRY cargo freight market on Friday ended the week on an easier note, with the Baltic Freight Index dropping nine points to 1,392, despite a pick-up in demand in grain chartering from the US in recent days. The index fall mainly reflected a mark-down on the US
      990 words
    • Article
      SHIPPING LIST where your ships are due...and when
      2249 32 AARHMt Ever Q«rl«n<l. Evergreen. My IS. Ban*von. Trior, July 19(PK). Tokto Expree*. Triot. July 20. Maarak Parta. Maarak Line. July 20 Villa da Vaga. CM O'Allretement. July 21. Luo Ha. China Ocaan Shpg. July 21 Arabian Saa. Noraala Llna. July 21. Ming
      2,249 words
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      Container schedules/ships in port
      1953 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Tr a retainer Schedules Bik Op Gdn Date/Time Time From Time To Booking Gata AnQtlic Hop# 9207 19.0789 1800 17/1845 17/1915 Doc t» 2 14 X (07 I8*32X I8AJ230 NA 2 AMO Ami ***** *****9
      1,953 words
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      34 23 "The Illustrated Encyclopedia of Wildlife" Wildlife f ortmghtlif tit all good bookshop* and news-stands fW STP OMrttxitofs For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
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      Page 23 Advertisements Column 2
      19 23 /jS"rX Lines and services represented by /•'"ifiOtoCvX Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      19 words
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      Page 23 Advertisements Column 3
      136 23 o\clKMUir> of way with MS words AvmMmbh at il good bookthopt Mm Publications -m V J* Singapore to the major ports of Europe every week."K" Line offers increased cargo capacity and the fastest transit times with a fleet of newly-built 3500 TEU containerships. From July, Singaporean shippers can save two
      136 words
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      Page 23 Advertisements Column 4
      122 23 Slow start for tankers IN SPITE OF the relatively high levels of oil production, owners of tankers, especially VLCCs, saw disappointing returns from the freight market for most of the first half of this year. PAGE II Back to school THE CITY of London Polytechnic has designed an evening course
      122 words
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      Page 24 Advertisements Column 1
      53 24 CONTAINER TOP-LIFTER with tip-top service condition for immediate SALE/LEASE (Min. 6 months) Brand Lancer Boss Modal: B7SECH (8* —6" 5 High Stacking) Year of Manual Aug '85 Interested parties pis contact or offer to Tlx: ***** or Fax: *****98 Unit can be viewed at No. 13, Tuas Ave 11 Jurong.
      53 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1196 25 Will/ JAROINE SHIPPING AGENCIES -W Cantonment Road #12 05 Southpont Singjoe-e OAK Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JAROINE SHIPPING AGENCIES SON BHD PORT KELANG TEL *****18 Tetei No MA3947? MA39W PENANG TEL *****4 TELEX NO MA***** CFS TEL *****6
      1,196 words
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      Page 25 Advertisements Column 2
      1264 25 Thia week LMi M Closing Tim* or wrr o*oo hrs CPS 17/7 taoo HRS LEOA~M 8806 In Pt HS/7 MARIT M a9OB 2V7 26/7 LICA M m 1/t 2/8 MARCHEN M 8808 8/8 9/8 LEISE M am IVB 16/8 MARGRETHE M 8008 22/8 23 METTE M mo 4 29/8 30
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  • Page 26 Advertisements
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      722 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON 21/7 HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP BENAVON TOKIO EXPRESS PROSPER OSAKA BAY TOLAGA BAY FRANKFURT EXPRESS HEIOELBERG EXPRESS KOWLOON BAY ALSO ACCEPTING CARGO TO: ALL UK INLANO DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE
      722 words
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      Page 26 Advertisements Column 2
      360 26 COLUMBUS LINE REEOEREI GMBH (A SERVICE Of HAMBURG SUOI EXPRESS SEMI-CONTAINER SERVICE TO NO9THBOUNQ TO UKC TAUSALA SAMOA V-15N CLYDEBANK V26N TAMAITAI SAMOA V lfiN •Mm AccaptH* FCL to Antwip ROM/A'DAM HBC HUU (U.K.) 21/8 M 30/1 12/9 11/9 21/9 17/10 21/10 25/10 OTIC T7TT SMN jOCE'E BO'JCP Dt NAV.GA-'ON
      360 words
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      Page 26 Advertisements Column 3
      775 26 REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE ARABIAN SEA 917W NOR ASIA SHARJAH ***** NOR ASIA MUBARAK BMB-3 NOR ASIA AL-48ANSOORAH 1920-3 (VIA FEEDER) PKL »V 7 27/7 Al^,^ t0 U.K. Dntiiutiom, Scandinavian (Aarhus, Copenhagen Branwn via Hamburg TO MEDITERRANEAN/RED SEA KN PKL SIN PIR ALG/BCL ALX* F ARABIAN SEA
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      Page 27 Advertisements Column 1
      1051 27 Steamers Maritime Holdings Ltd W* p&0 Containers CONTAINER SERVICE TO UK'CONTINENT: Also Accepting Cargo For: z to CopwhifMi, Ajrhus. IMtardMi Is Antwerp, i to *11 UK fetfrnitiam, ft mkurf. ttalmo. Stockholm, Holiinti. But*. Zurich GULF SERVICE Itot Toko Kafet P.Klat Pi«t Spar. M Dm Kit bk n prosperity www w
      1,051 words
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      Page 27 Advertisements Column 2
      932 27 nun vKtin iihic weekly express independent UnU TANU Lint FAR EAST'EUROPE FUIIT CONTAINERISED SERVICE ■••/CTn.niM.i Alto iccaptmf lor Intend UK MMtmatlont Antworp and Scandwuvun parts. F MG nnt« Mf M v ANTE C.RANCOI OMBIAN: INATIOSAI UNt OF COLUMBIA HANJIN ROTTERDAM OCX CHOYAMG CHANCE lOC HANJIN MASAN MX HANJIN LEMARVE OKI
      932 words
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      Page 27 Advertisements Column 3
      293 27 tlcii Suti Hnj) Co (Pu f t<i murri/ japan murrj service SPECIALIST IN RO-RO HEAVY LIFT Hong Kong Yokohama 70 Nagoya Osaka Senboku 2/8 Moji Funabashi •For Discharging Only 190 m 110 10/1 NOTE: ALSO CALLING OTHER JAPANESE POUTS. HONGKONG, TAIWAN ft CHINESE PORTS. SUBJECT INDUCEMENT INTERMARITIME SOUTHERN AFRICA SERVICE
      293 words
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  • Page 28 Advertisements
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      403 28 K3X SINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES SERVICE KYOWA LINE MTROOUCMG KYOWA FAST DIRECT B/BULK/COWTAMER SERVICE FROM S'PORE/PK TO OUAM/SAPAN AND MICRONESIA PORTS* ETA SPORE LOAD FOR: SPARKLE' ETA IS AUG B GUAM. SAIPAN ANO MICRONESIA PORTS* •MICRONESIA PORTS DIRECT CALLS ON INDUCEMENT BASIS AND/OR T/SHPT
      403 words
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      Page 28 Advertisements Column 2
      570 28 QO HANJIN SHIPPING X/ FULL CONTAINER SERVICE TO USA PACIFIC SOUTH WEST TO EUROPE VIA SUEZ UN LINE I*o OP m ost HANJIN OAKLAND 003* CHOVAM SUCCESS WW HANJIN TONC HAE MM HANJIN ROTTERDAM «M v» TO FAR EAST PORTS PACIFIC TO NOR WEST CANADA S'rot* H.K«i| KM mi 27/7
      570 words
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      Page 28 Advertisements Column 3
      245 28 INTEROCEAN LINE 78, 2nd Floor, Man 2/71, Taman Tun Or. tamaH, NMt KL. Tal: *****34, ******4, *****26 TLX. NO. MA-***** FAX: 03-*****11 Panang Oil: Tal: 3*0427, *****2 accepting cargoes for the FOLLOWING PORTS LCL/FCL LOADING FOR AUSTRALIA UK/EUROPE SVO. MELB AD£ BRIS FREM LE HVE. HBG BREMEN. R OAM. GENOA.
      245 words
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      Page 28 Advertisements Column 4
      988 28 m EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) :3ine r EVU CAT Hl* EVU GOVt** EVU GAJIOCN EVU GROWTH EVU GRAND ALSO ACCEPTING CARGO TO w at m wt ok no 11*7 M« vn OM 11M IVH po opo \*m am up zip MP up HP zip op pa MP MP MP
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      957 29 HIPPING TIMES, Tuesday. July 18, 1989 m PACIFIC INTERNATIONAL LINES (PTE) LTD J PIL Building, 140 Cecil Street #0300, Singapore 0106, Tel: *****33 CONTAINER SERVICES AR EAST VOY SIN JJT TOY H.O wo »o« .0. MAJAPAMIT GOWA 13SB Sid It/7 18/7 MM 24/7 nf7 VJJL 41 SB 2S/7 2/8 4/8
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      Page 29 Advertisements Column 2
      403 29 \fV BEN LINE VIU, CONTAINERS TASMAN ASIA SHIPPING SIN MAIN LINE (TS) HKC NOUMEA SUVA AKL 22/7 TA MARINER 2S 5/8 1/9 5/9 11/1 TA VOYAGER 3S 20/8 15/9 19/9 25/8 TA NAVIGATOR 5S 5/9 1/10 4/10 FROM NEW ZEALAND MAIN LINE TA NAVIGATOR 3S TA EXPLORER IS TA MARINER
      403 words
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      Page 29 Advertisements Column 3
      317 29 DJASAGETRI A Joint Europe Sorvic® Of: FX BJMUUTTA LL9TI F.T. KSWN LtlYl P.T. SMHMM MBM F.T. TMMM LUYf < mma > VSL/VOY SPORE ANTWERP H'BURQ RDAM/ADAM BREMEN L J RONTANG/UNt V-i%l M (ACCEPTINC CONVENTIONAL ANO CONTAINERISED CARGO) ■ATARAM/MWB Z3 2M W» (ACCEPTING CONVENTIONAL ANO CONTAINERISED CARGO) Port told, tort Alexandria,
      317 words
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      Page 29 Advertisements Column 4
      295 29 BOUSTEAD SHIPPING AGENCIES MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok wit M 3 I NORTHBOUND TO UKC SPORE ROAM HM6G HULL TAUSALA SAMOA VISN 24/7 Zl/S 26/S 30^S CLYDEBANK V26N 140 Ufl Ufl 21/1 TAMAITAI SAMOA VISN 20/9 17/10 21/10 25/10 RURAYBANK
      295 words
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      Page 30 Advertisements Column 1
      857 30 V® K LINE \V" KAWASAKI KISI N KAISHA. LID. N. AMERICA-ATLANTIC COAST VIA FEEOt* OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH VIA FEEDER FEEDER VESSEL OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH ■Via fmtm FEEDER VESSEL OOCL AMERICA ACE CONCORD NEPTUNE TOPAZ SEVEN SEAS BRIDGE •Via FMdw EXPORT
      857 words
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      Page 30 Advertisements Column 2
      927 30 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 7) T#lok Am#f {(ri#t Sl*OAPO*f IIM Til UUM (It LINIS) Fu SMttM STRAITS/PERSIAN GULF SERVICE: S'por, p. Ketone fW« QOLMN HAVU SOI My GOLDEN BEA* CdM*tfKar*d«tea W Aaprt CHINA SERVICE ■Al VUN SNAN Hf* My 6 0. CHINA OCEAN SHIPPING CO., PEKING THE
      927 words
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      Page 30 Advertisements Column 3
      450 30 PHILI-ORIENT LINES PTE LTD HEAD ornct '08 ROBINSON ROAD '.MG BUnOING SINGAPORE T R S i'B'2 PHIII FAi 22 SM-> fttT/FM EAST Fd a LCI 3211 east/wot w n. fcl lci same LATTAKIA BENGHAZI, ALGIER TRIPOLI, ALEXANDRIA. PORT SAID. PIRAEUS. CASABLANCA, LMMASOL. VALETTA. ADEN, DJIBOUTI FttiLCLgWKE LDN, F'STOUE, S'TON, LEEDS.
      450 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1107 31 A(l?nK S NEPTUNE AGENCIES PTE LTD Eener»l Boo«ings Bookings Enqu«*i fl lU/AUST rPA/SfA *****77 *****53 *****42 *****19 *****16 *****11 ***** a (CR NO. **********0E) NEPIME SON BHD > Penana UOOJS NEPTUNE ORIENT LINES LTD EXPORT TO-EUROPE UK (VIA SUEZ) IMPORT FROM EUROPE/ UK (VIA SUEZ) MOTHER VSL/VOY O America 28E
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      Page 31 Advertisements Column 2
      908 31 r SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminer Office: Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC P KELAMG MESSRS NAI THONG SNIFFING 127 PawwStrwt. Pane* Matey** M/S HANDLING SYSTEM CO SOU. BMO
      908 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      286 32 SINGAPORE SHIPPING 1 CORPORATION (PTE.) LTD. TEI 225 6868 (34 lines) FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAO DSR-LINES m VEB DEUTFRACHT SEEREEDERE; ROSTOCK i INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND 0. GROTEWOHI 6/89 FAHRLAND VB/89 W. ULBRICHT
      286 words
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      Page 32 Advertisements Column 2
      39 32 For further information or enquiries: Keppel/Marina Wharves *****66 Jurong Port *****66 Sembawang *****22 Pasir Panjang *****44 SANWA LINE FULLY CONTAINERISED DIRECT SERVICE STRAITS/HONSKONG/TAIWAN/JAPAN M/V ANDROMEDA STAR PORT KLANG AGENT: MTKMTEO HMWMDMC ft SHIPPING SOU BHD. TEL: *****04 FAX: *****49
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      Page 32 Advertisements Column 3
      229 32 HCI/> REGIONAL CONTAINER LINE' ASEAN PORTS BANGKOK Hock i ■irjv< why PIYA BHUM JARU BHIM SILVER EXPRESS PIYA BHUM JARU BHUM 5 SAILINGS A WEEK Ltd BKK SINGAPORE W ZIP W HP *P ap np np SILVER EXPRESS SONGKHLA' -1 sailing a week Ngpw Hock Agency Co Ltd Skla (Tel:
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      153 32 is Regional Weather a 1 "TBI! St ri V cS s* n SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AM. July It, II R T cV.ct.on with speed knot* VS£*»r Wo..^, Surface winds or* indicated by arrows wfccfc fly with the wind On* hji circle represents calm or kght and
      153 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      500 33 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 D IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR 25/7 Iraq/Japan THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AO ABA A BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING
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      Page 33 Advertisements Column 2
      357 33 fi ffl IP* RICHFIELD MARINE AGENCIES (S) PTE TEL *****33 (10 linen FAX *****15 TELEX RS ***** RISHIP (3 Lines) LTD (tfahAfttt I m of HMoott) ACCEPTING FCL AND CONVENTIONAL PEN/PKO ETA ABBAY WON 2 In PI VOY 20WB NETSAN6T 30/0 VOY 16WB DARESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA HOOEIOAH DARESSAIAAM
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      Page 33 Advertisements Column 3
      680 33 SIGMA EXPRESS (S) PTE LTD U TEL: *****44 FAX: *****75 PENANG: 14-*****9 ■•V 1 :i h i.»• 1:1 w (CHILIAN NATIONAL LOO) GREAT ANDES SERVICE FEEDER VSI SP N. IVORY lift 73)01 N. EMERALD 14* 30/7 MOTHER VESSEL REE VAL C. HAYATO 21H 2*7 17/1 LIR CAY 2215 llfl 12/10
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      Page 33 Advertisements Column 4
      172 33 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVI ALL LCL/FCL ACCEPTABLE FOR COMPETITIVE LCL RATE CONTACT ANWAR CONTACT PERSONS TELEPHONE NO. TELEX/FA OFFICE A MR ROBERT OH/ ANWAR STELLA 224*071. Mom) RS ***** BALTRA/*****73 70 ROMNSON ROAO, #24-04 CPF BUILDMG, SMGAPORE 0100 MAEIfiuQQ Hamburg West Germany Tiger Line INDEPENDANT
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      Page 33 Advertisements Column 5
      67 33 DESTINATION ETA SINGAPORE ABC CONTAINERIZE N.V. WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: TNT EXPRESS 228 ETA 22/7/89 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANADAfEUROPE/MEDITERRANEAN TNT EXPRESS L MOOtfi on AGENTS- FARGO SMPPMC COMPANY (PTE.) LTD.
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1085 34 k4■ J il A MERCHANT MARINE CO., LTD EASTBOUNO TO USA FULLY CONTAINERISED TRANS-PACIFIC WEEKLY SERVICE DM EXPLORER DAI COMMANDER DAI PIONEER «D4A OAI CHALLENGER DAI INNOVATOR PNW TOMER BRIOGE BAY BRIOGE OOLOEN GATE BRIOGE HARBOUR BRIDGE TRANSWORLD BRIDGE SIN HKG LBH OAK SEA 24E 21/07 27/07 14/00 17/00 20/00
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      Page 34 Advertisements Column 2
      582 34 bx JE CONTAINER LINE X n TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST NEW ZEALAND/ AUSTRALIA rem 3eH w EUROPE/ UK REGULAR CONVENTIONAL SERVICE TO MANILA TAIWAN/S. KOREA/JAPAN SERVICE KAOHSIUNttPUSAN/KOBE. FUNABASHI/YOKO PERSIAN GULE SERVICE KOREA HORIZON DUBAI, I KUWAIT PT. PELAYARAN MUTIARA SAMUDRA
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      Page 34 Advertisements Column 3
      429 34 Hire r V MitsuiOSK Lines Ltd EXPORTS TO PSW CONNECTING AT |TO double stack trains eta IIH ica □iiiiEiiaaiaiiiiia IT ■-'I'l.r'-Tr-mi nr-n, i i .wmbti ClLlUaaEiaa I" "1 [SEjuICOKI dE3DI[a[3E3C3CI n TFigan i:■ ■■■inn EHJCiaaclQiCa [Tfrwrißn jrr-igri naaaaFJFJn i' 'i'',i' -TTTMiri fti'M. i. .iT-irioiebcbebcbcbcbeb i i Mgana r E3K3 [jfjciriaaaa
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