The Business Times, 11 April 1988
1988-04-11
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The Business Times
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Title Section11 1988-04-11 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, APRIL 11, 1988 75 CENTS11 words
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610 1988-04-11 1 LEONG WEN WAH - Levelling off expected in second half of year By LEONG WEN WAH MALAYSIAN rubber prices hit a seven-year high last week and they are poised to spring even higher in the near term. Still, analysts say prices should begin to level off610 words
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495 1988-04-11 1 Reuter BASE METAL PRICES are soaring on world markets, buoyed by record demand as manufacturers find that last year's financial crash has not hit economic activity. Demand for raw materials for consumer goods and for building, particularly in Japan, has been as important asReuter - 495 words
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Article104 1988-04-11 1 Reuter SOLDIERS were put on full alert in Manila yesterday amid reports that escaped coup-attempt leader Colonel Gregorio Honasan might try to free other dissident soldiers from prison. Army commander BrigadierGeneral Mariano Adalem did not say how many soldiers were ordered out, but theReuter - 104 words
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Article102 1988-04-11 1 UPI AN ARMY ammunition dump near Islamabad caught fire and exploded yesterday, launching dozens of artillery shells into the city and touching off widespread panic. Hospital sources said there were many casualties. The cause of the blast was not immediately known but damage was reported to beUPI - 102 words
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272 1988-04-11 1 Reuter FOREIGN INVESTMENT commitments in Indonesia, buoyed by a freer business climate, reached US$l.B billion during the first quarter of 1988, exceeding the figure for all of 1987. Achmad Az, the deputy chairman of the Investment Coordinating Board, told a group of Californian businessmenReuter - 272 words
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Article575 1988-04-11 1 Reuter THE HEYDAY of highly paid foreigners managing overseas companies in Tokyo may be drawing to a close. Encouraged by the yen's steep rise and the need for managers familiar with the local territory, a growing number of US and European companies are replacing expatriatesReuter - 575 words
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447 1988-04-11 1 CHUANG PECK MING - By CHUANG PECK MING SOUTH EAST ASIA Venture Investment has attracted $18.25 million for its new venture capital fund set up last month. It is investing $4 million of the new fund in Dynamar, reputed to be the biggest447 words
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177 1988-04-11 1 AFTER a one-day stopover in London, Prime Minister Lee Kuan Yew leaves for Washington today for a five-day visit. He is due to arrive in Washington at about 3pm Monday Washington time, or 3am Tuesday morning Singapore time. On arrival at177 words
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Page 1 Advertisements
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Advertisement371 1988-04-11 1 Need a housing loan? 'AYFOONG 737-7977 |btj (cxnig Wrtgage And Finance (S) Ltd A wholk -owned subsidiary of Hongkongßank 6 Claymore Hill #0 Ml I Claymore Plaza Singapore 0922 MANAGEMENT SINGAPORE architects and engineers have been offered the chance to form companies. This holds a number of advantages, for example,371 words
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Advertisement291 1988-04-11 1 MARKET REVIEWS MONEY S EXCHANGES COMMODITIES AIRCRAFT SCHEDULE CROSSWORDS TV S RADIO SRttTOW DOONESBURY JAPAN is seeking closer ties with Block Africa while trying to curb the growth of its new role as Pretoria's top trade partner. The strategy marks a shift away from a policy that had long been291 words
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Advertisement75 1988-04-11 1 $$~%>+(|.|?%=~^)!`^/>:&<'''?{]. I I NOW NAGOYA! 4*® »;> r-'f 1% i, *> m •w a Elegant enduring symbol of the Nagoya Castle's former glory the legendary fish of pure gold ■r: w X" KAGOSHIMA TOKYO <*«* r JAL adds another new destination Nagoya. Now, two flights a week every Monday and75 words
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MANAGEMENT
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Article, Illustration1799 1988-04-11 2 TONG SUIT CHEE - I Singapore architects and engineers have been offered the opportunity to form limited liability companies. This holds a' number of advantages, for example, in competing for large overseas construction projects and in offering a bigger package of services to clients. To date, such professionals have only been1,799 words
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Article, Illustration1414 1988-04-11 3 For decades, Bata has been better known for its canvas school shoes than the smart city shoes they are selling today. The change made a few years ago has been for the better and is reflected in the company's profit figures. ANNA TEO takes1,414 words
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Article, Illustration787 1988-04-11 3 J GERARD JANSSEN, chairman of Bata Shoe (Singapore) and six other Bata companies in AsiaPacific, retires this month. But it's not farewell altogether for the Dutchman who has spent 45 years with the world's largest shoe-maker. He remains on the board of Bata Ltd and will787 words
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Page 2 Advertisements
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Advertisement269 1988-04-11 2 The Enterprise column has been held over L t r V, IS "Two's company, three's a crowd. Except in a Volvo." In most cars, seating comfort is a prerogative of the front occupants. But not in a Volvo 740. It has more spacious comfort in the front seats and rear269 words
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Page 3 Advertisements
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Advertisement177 1988-04-11 3 ►Wth 700 luxurious rooms and suites each overlooking the Chao Phraya River, the Shangri-La is truly a city resort in the heart of Bangkok. Set amidst beautiful landscaped gardens, it offers an extensive range of leisure activities as well, of course, as the warm welcome and superb standards of personal177 words
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ASIA-PACIFIC
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416 1988-04-11 4 Reuter JAPAN is seeking closer ties with Black Africa while trying to curb the growth of its new role as Pretoria's top trade partner. The strategy, a leading Tokyo economist said during a visit to Nairobi last week, marked a shiftReuter - 416 words
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255 1988-04-11 4 AFP CHINA'S ties with non-communist South-east Asia, based on a shared opposition to Vietnam's military presence in Cambodia, are being cemented by a rapid increase in trade. Asean sees China as the means to expand trade in the face of protectionism in the US andAFP - 255 words
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78 1988-04-11 4 AFP INDONESIA boosted exports to China and slashed imports in the first 10 months of last year, turning a long-running deficit in bilateral trade into a surplus. The official Antara news agency said last Saturday that figures from the Trade Department showed Indonesia exportedAFP - 78 words
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Article, Illustration268 1988-04-11 4 AFP SOUTH KOREAN opposition eader Kim Dae-Jung has called on the Roh Tae-Woo government to investigate allegations that former president Chun Doo-Hwan has invested millions of dollars in Australia. Mr Kim said in Seoul last Saturday that Mr Chun, who was replaced as presidentAFP - 268 words
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140 1988-04-11 4 AFP MANY US INVESTORS in Taiwan feel the investment climate has deteriorated due to increasing labour unrest, street protests and vague environmental legislation. Mr Steve Wu of Taiwan's Industrial Development and Investment Centre said in Taipei last Friday that US investors cit- ed a protestAFP - 140 words
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Article835 1988-04-11 4 ARRIVALS Operator S«rvic* Loca From number time SU SQ27 0825 CPH/FtA SU SQ43 0835 DMA MAS MH651 0910 PEN MAS MH607 0920 KUL SU SQ103 0950 KUl CPA CX710 1015 CGK MAS MH609 1020 KUL KIM KL841 1050 AMS/KM GU GA960 1100 CGK SU SQ105 1105 KUL835 words
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Page 4 Advertisements
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Advertisement194 1988-04-11 4 Orchard Rcxid Only one first class hotel is spot in the middle. 1 he Crown Prince Hotel. To business travellers and holidavmakers alike, it is the 'crown in the jewel". Spot in the middle ol all the action, the life, the colour of Orchard Road. In every direction, there are194 words
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Advertisement85 1988-04-11 4 LONDON Th e pe r son's choice every T uesdav. Thursdoy. Saturday and Sunday Leaving Changi Airport o f 22:05 hours and arriving Heathrow early •ie following Call your Travel Agent or A.r Canada at *****55 AIR CANADA J r v Y?. is? 1 How economical is your phone system?85 words
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REST OF THE WORLD
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Article224 1988-04-11 5 AP THE UK government today puts into effect extensive changes in the welfare system that may be the most controversial step in Prime Minister Thatcher's campaign to bury British socialism. The move, which will affect 8.6 million welfare recipients, is the third stage of aAP - 224 words
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Article, Illustration159 1988-04-11 5 AFP FORMER US President Richard Nixon has said that his biggest mistake while in office was not bombing and mining North Vietnam sooner and that he was deterred by "phony" peace talks. "I would say the major mistake I made as president wasAFP - 159 words
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125 1988-04-11 5 Reuter THE WHITE HOUSE released President Reagan's 1987 federal tax returns last Friday and said the President and his wife earned US$9,OOO more and paid US$6,OOO less in income taxes last year. The joint tax return filed for Mr Reagan and hisReuter - 125 words
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Article124 1988-04-11 5 AFP THE SOVIET UNION and the US continue to dominate world arms sales, but world weapons exports have dropped in recent years, the US Arms Control and Disarmament Agency reported last Friday. According to its World Military Expenditures and Arms Transfers, an annual studyAFP - 124 words
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424 1988-04-11 5 Reuter OPEC has unveiled a new strategy for dealing with a world oil glut by announcing an unprecedented meeting with non-Opec producers later this month. Rilwanu Lukman. Nigerian president of the Organisation of Petroleum Exporting Countries, announced the plan late on SaturdayReuter - 424 words
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315 1988-04-11 5 Reuter THE US TRADE DEFICIT is expected to show signs of continued improvement as lawmakers strive to complete comprehensive legislation that would change US trade policy dramatically. The government on Thursday will report the US trade deficit for February and many analysts expect itReuter - 315 words
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Article96 1988-04-11 5 AFP US CONSUMER DEBT grew at an annual rate of 10.3 per cent in February, the third consecutive month it increased. The Federal Reserve last Friday said consumer debt grew 12.2 per cent in January, when instalment debt rose U556.24 billion after a DecemberAFP - 96 words
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Page 5 Advertisements
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Advertisement200 1988-04-11 5 Paris? For only US $37 a night? t te'/'i" vv '-vWi a. (Only tlx: I r rviK h\\Tmkl haw tlx:chic.) "f I One of the only good excuses not to visit Paris, is that it is, as you'd expect of the world's most stylish city,.. .'ow you say.. .expensive. Or200 words
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Page 5 Miscellaneous
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Miscellaneous20 1988-04-11 5 1 Singapore lll< Nil lata momning and Report for 24 hourt prior to 7.30pm on April 10 at I*M oirporh20 words
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Miscellaneous68 1988-04-11 5 Doonesbury |HE CEASB-FIRB HAP TAKBN THE STNGOt/TOF COMMANDER I£SS-THAH-ZERCfS FAREHMU TO ARMS ft J "i T t I*' TH£ ACCORD MAS ONLY A BB&NNING, OF COURSE. Tt€Rß WERE OBSTAO& TO OVERCOME, r* At' VCktJ •5 V BY GARRY TRUDEAU -BUTONBOTH StDESOFTHB CONFUCT, wenoNeimuATB> THAT PEACE MS AT HANP! tamm 468 words
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MONEY AND EXHANGE
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Article246 1988-04-11 6 Reuter JAPAN and the US may be heading for a tiff this week over currency rates not their own, but those of Asia's four so-called little dragons, Hongkong, Singapore, South Korea and Taiwan. At meetings later this week in Washington, the US is likely to renew itsReuter - 246 words
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Article205 1988-04-11 6 OCBC THE PRICES of five-year Government bonds closed easier on light volume last week. On the domestic scene, interbank term rates remained largely unchanged at around the 3.25 per cent level. However, interbank overnight rates firmed up to its more usual trading range of 3.00 to 3.50OCBC - 205 words
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Article, Illustration497 1988-04-11 6 4 Indicate* tha avaraga of 4 tha prima landing rata* of 12 major banks In S'pora PLR of bonks at the close o business on Friday, April 8, a supplied by the Association o Banks in Singapore. BANK PU Algemene Bank 63 Allied Irish Bank PLC <497 words
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Article138 1988-04-11 6 AP THE CHILEAN government says the country has gained new concessions, including an interest rate reduction worth US$22 million a year, in a renegotiation of terms for foreign debt payments to commercial banks. Chief negotiator Hernan Somerville of the central bank in Santiago said last Friday thatAP - 138 words
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Article246 1988-04-11 6 ASIAN CURRENCY average deposit rotes for 1 ihe week ended April 8 BIO PRICES High Low us t 7 doyi 6 15/16 6 13/16 1 month 6 15/16 6 13/16 2 months 6 15/16 6 7/8 3 months 7 6 15/16 6 morttn 7 3/16 7 1/8246 words
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Article179 1988-04-11 6 THE COST of money continues to fall. Over the weekend, Overseas Union Bank announced a reduction in the interest rate charged on new, unsecured financings obtained under the bank's "Executive Loan Programme". The new annual rate is 514 per cent for loans repaid over179 words
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Article410 1988-04-11 6 BRITAIN'S mortgage rates and bank borrowing costs are being brought down to their lowest levels in more than a decade to try and stem the pound's rise. Following the green light from the Bank of England in money markets, Britain's major clearing banks Barclays,410 words
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Article, Illustration852 1988-04-11 6 PAUL FRANKLAND - by PAUL FRANKLAND YOUR BUSINESS is under constant threat from fire. Even a small fire can destroy more than just plant and materials. Worse, it can do away with valuable stock records, contracts. work sheets and staff records. Without really wishing to terrify you out852 words
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234 1988-04-11 6 Reuter AMERICAN BANKS probably will not be raising their 8.5 per cent prime lending rate immediately, given the modest scope of the Federal Reserve's apparent tightening of the federal funds rate, according to analysts. "Banks are not at a point where theReuter - 234 words
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Article107 1988-04-11 6 AP HONGKONG'S leading banks announced last Saturday a rise in the prime lending rate from 6 per cent to 6.5 per cent. Banks also announced that interest paid on savings accounts and all deposits would rise half a percentage point. The changes will take effect today.AP - 107 words
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108 1988-04-11 6 Reuter ALGEMENE BANK Nederland NV has agreed to take over Chicago-based Continental Illinois National Bank and Trust Co's Taipei office for an undisclosed amount. The move, adding 88 workers to ABN's own 60strong force in Taiwan, would make the Dutch bank one ofReuter - 108 words
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Page 6 Advertisements
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Advertisement195 1988-04-11 6 IB BANQUEINDOSUEZ 5" |r r If 1 r? Ifj W i hi I li i! i 4iJ l-C' -bsil 1 I i If doubts and fears are holding you back from exploring new markets abroad, get the guts and financial muscle from ECICS. Venturing into new markets abroad may seem195 words
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Advertisement70 1988-04-11 6 c k Hear the sounds of the 60's featuring Manila's #1 Revival Band The Hi-Jacks Nightly performance Sunday to Thursday Bpm to lam Friday to Saturday 9pm to 2am NO COVER CHARGE Jug O'Beer Nights every Sunday, Monday and Tuesday $20/- nett per pitcher RESTAURANT Metro Paragon. 290 Orchard Road70 words
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BANKING AND FINANCE
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Article1062 1988-04-11 7 AFP OCCASIONALLY thin markets, squaring operations prior to the Easter weekend and speculation about the G-7 meeting in Washington characterised the last two weeks of trading, which saw hefty exchange rate fluctuations. Although the expectation of sizeable dollar sales by Japanese institutional investors in the new fiscal yearAFP - 1,062 words
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Article524 1988-04-11 7 AT New York's Commodity Exchange, spot gold prices slipped lower in fairly active trading last week to settle on Friday at U*****.60 an ounce, another marginal dip of about $3 over the previous week's close. After an initial upturn, spurred by a report of a nine-year low in US524 words
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Article101 1988-04-11 7 Reuter THE PHILIPPINES needs new loans to reduce the drain on foreign exchange reserves caused by debt servicing and to prime the economy. "We must try to overcome a too negative attitude against further borrowings.'' the president of state-owned Philippine National Bank, Edgardo Espiritu, told aReuter - 101 words
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Page 7 Advertisements
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Advertisement36 1988-04-11 7 Orient Car JAPANESE CAR OF THE YEAR NISSAN PULSAR 1.3 MANUAL T7a MONTHLY AT $1500 Corporate car rental at its best Call our HOTLINE now: ORIENT CAR LEASING PTE LTD 913, Bukit Timah Road, Singapore 215836 words
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Advertisement205 1988-04-11 7 i J* %0 f BECAUSE THE ZUCOMAT IS MADE FOR EVERY BODY IT WILL FEEL LIKE IT'S BEEN MADE ONLY FOR YOURS. The Swissline Zucomat is made such that it always supports the body at an anatomically correct angle Regardless of your height, build, and sitting posture This is possible205 words
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COMMODITIES
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1130 1988-04-11 8 AFP TRADING was subdued on the commodity markets as they reopened after the Easter break for a shortened four-day week. Most commodities weakened due to lack of interest, in spite of sterling's losses against the dollar. Rubber advanced in line with Kuala Lumpur,AFP - 1,130 words
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Article119 1988-04-11 8 Reuter THE US could open its doors to more sugar from cash-starved developing nations next year, ending a long decline in imports, according to sugar industry analysts in Waahington who forecast reduced US sugar production this year. "If anything, hopefully we can finally match theReuter - 119 words
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71 1988-04-11 8 Bernama THE MALAYSIAN Rubber Industry Development Authority (Risda) plans to open up more mini estates, replant rubber and encourage the planting of cash crops. Risda deputy directorgeneral (operations) Shahabudin Shafie said in Kuala Lumpur yesterday that out of about Msl27 million set asideBernama - 71 words
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Article273 1988-04-11 8 Reuter BRITISH and US traders welcome a decision to enlarge the size of the tin futures contract on the Kuala Lumpur Commodity Exchange (KLCE), according to the exchange's deputy chairman. Mohammed Ajib Anuar, who al* so chairs the KLCE tin market committee, told reporters in KualaReuter - 273 words
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Article216 1988-04-11 8 Bernama ES THE Malaysian rubber market closed firmer last week with May International RSS One up by 8 50 cents to 206.50 cents a kg. Dealers said the price was a sev-en-year high for the rubber. The market opened unchanged on Tuesday but remained quiet awaiting a fresh leadBernama ES - 216 words
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Article179 1988-04-11 8 Bernama ES THE crude palm oil futures market ended lower last week on the Kuala Lumpur Commodity Exchange with April closing at Ms 27 down to Ms9l3 per tonne. The undertone however, remained firm. Lack of interest and reports of higher production in the coming months affected tradingBernama ES - 179 words
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Article322 1988-04-11 8 London Commodity Exchange Buyoc/S#A#f do^nQ pricm on ApHI 8 (X/tonn* unh PrtvkM doling pHci ns H >#< 1) it In T iH Coff## ln*itor9 vondon, wH#fi opMod Of London Moy 1109/1110 (1107/1106) High/Low 1108/1100 M 1128/1130 (1127/1128) MJgh/Low 1130/1123 Sol*t (2550) Cocoa Moy 875/876 (876/877) High/Low 880/865 Jut322 words
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Article169 1988-04-11 8 ChlntN Produce Exchange 5tHjn' noon dorinQ pr Icm on April 9 (SI/100 kg) Coconut oil h* FOt 103.00 Otd drum FOt 117.00 N»w drum FOt 113.00 Copra Mh«d (Ioom) 59 Pepper AAuwJok FOt NLW 1120.00 Sarawak «Wti FOt foq NLW 1150.00 Sarawak tpadal Mock FOt NIW Sarawak Aita169 words
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Article218 1988-04-11 8 Bernama ES THE KLTM closed 10 cents higher last week at M 517.45 a kg compared to M 517.35 a kg previously. Total turnover for the week amounted to 270 tonnes as against 214 tonnes the previous week. The market opened easy on Monday reflecting lack of supportBernama ES - 218 words
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Article117 1988-04-11 8 Reuter SOYBEAN FUTURES rallied sharply late in trading on Friday on tha Chicago Board of Trade to pull pricea out of a dull mklseeaion range. Prices cloeed 5.0 to 8.0 cents higher with May at US$6.7B a bushel and November above the significant US$7.OO level at US$7.O3. All monthsReuter - 117 words
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Article156 1988-04-11 8 Reuter WHEAT FUTURES rallied late to extend midseaaion gains aa prices closed 41/2 to two cents higher on Friday on the Chicago Board of Exchange. May cloeed 3-3/4 cents higher at USS3.I6-3/4 a bushel as most months finished on session highs. Late computer fund buying booated the market. TheReuter - 156 words
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Page 8 Advertisements
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Advertisement299 1988-04-11 8 k 3?8» UK mm m k m SB mKd '->11 U i supg^v^yy CO<A«* i 1 *S Il mMmmm an* r<&C*Y r^ laKrami BnnssjßMVib S with PRODUCTIVITY QUALITY ISSUES... For just $2 every month,the Productivity Digest brings you 36 full-colour pages covering Feature Stories Reports on key productivity issues such299 words
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Page 9 Advertisements
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Advertisement837 1988-04-11 9 Why Compaq sales reached US $1 billion faster than any other company's in history Business records and Compaq Computer Corporation are no strangers. We achieved the highest first-year sales of any company in American business history. In our fourth year of operation, we broke into the ranks of the FORTUNE837 words
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PERSPECTIVE
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Article, Illustration876 1988-04-11 10 SIRIPORN BURANAPHAN - By SIRIPORN BURANAPHAN Reuter THAILAND, hoping to become the fifth of Asia's economic "little dragons", is looking again at the wisdom of its open-arm policy towards foreign investors. A Board of Investment (BOI) official said theReuter - 876 words
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653 1988-04-11 10 SHIRISH NADKARNI - From SHIRISH NADKARNI In Bombay RECENTLY, an Air India stewardess on a flight from Dubai was nabbed by customs officers at Bombay's Sahar International Airport with 23 mini bars of gold, each weighing nearly 12 gms. Gold smuggling is very profitable653 words
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Page 10 Advertisements
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Advertisement228 1988-04-11 10 '%-4; 'J*?'* h L ,$>•»• r* c C? '-> VV If,: p; «*f* 4 4 ~4 *tvV jr.- »y >:"' x J* vy V„ i' rfi jt- -*T v. *iHrai£&&4£ >-«;i.i;-s We're reaching new heights. JONES LANG WOOTTON THE ACHIEVERS On April 11, Jones Lang Wootton will be moving up228 words
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THE ARTS
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598 1988-04-11 11 SHAUN KOH - By SHAUN KOH IF THE AMERICAN media bill spectaculars such as political parties nomination run-offs Super Tuesday, and the final of American football Superbowl Sunday, then Singapore's big event was undeniably last Thursday Super Thursday, that is. The occasion was perhaps the598 words
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Article, Illustration765 1988-04-11 11 VANESSA LEE - German artist Akelei Sell speaks of her personal Silk Road By VANESSA LEE GERMAN-BORN artist Akelei Sell invitee you to take the Silk Road. Not to China, but to enjoy and discover her silk paintings now on show at the Goethe-lnstitut. And I really mean discover for765 words
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Page 11 Advertisements
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Advertisement19 1988-04-11 11 A weekly column which takes a more personal look at the world of music and the people in it.19 words
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Page 11 Miscellaneous
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Miscellaneous1218 1988-04-11 11 |BriStc*^rfcn]clfcdtta3 VOIL-f\ V It's iHeNose is UJffoNG to OK© aaoQiD IB 12 PM Opening and Programme Highlights followed by Call Me Mister The Creative Accountant. A man calling himself Blair breaks into the City Investigation Bureau to steal some information about himself. Asian Inter-Varsity Debates '88 National Taiwan LMversity vs1,218 words
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Miscellaneous754 1988-04-11 11 mmmm CRYPTIC PUZZLE ACROSS 1 Go quietly, as a criminal? (5) 6 Soft currency? (5) 9 Where the entertainment is essentially light (7) 10 In a Cockney's eyes, ingredient of pies (5) 11 Hugh upsets Dolly (5) 12 Greeting that's nothing more then an expletive? (5) 13 Papers relating to754 words
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SPORTS & LEISURE
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Article, Illustration538 1988-04-11 12 AP THE MILES and the years flew by, taking a toll on Bill Rodgers's frail-looking form. His times got slower, and his breaths came faster. Age, and other marathoners, had caught up. From 1975 through 1980, Rodgers won four Boston Marathons. He was at theAP - 538 words
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300 1988-04-11 12 UPI BRENDAN POWELL picked Rhyme n' Reason up off the turf at Becher's Brook on Saturday and went on to win Britain's Grand National in a driving finish that was fitting for the 150 th edition of the steeplechase. Rhyme n' Reason, which fellUPI - 300 words
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Article, Illustration317 1988-04-11 13 Reuter UNDEFEATED Evander Holyfield of the US battered Puerto Rican Carlos Deleon to become the undisputed world cruiserweight champion last Saturday when the referee stopped their bout in the eighth round in Las Vegas. Holyfield had Deleon pinned on the ropes and was scoring at willReuter - 317 words
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202 1988-04-11 13 AFP MEXICO s Carlos Espinosa shot a four-under-par 68 yesterday to win the U*****,000 Taiwan Open golf championships. the eighth leg of the Asian men's golf circuit. Espinosa, 26, finished on 293, five over the card after four rounds on the 6.825-yardAFP - 202 words
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Article, Illustration829 1988-04-11 13 AP THE ROUT is now a race. "I left the door open," Scotland's Sandy Lyle said after he squandered half of his fourshot lead on Saturday in the third round of the 52nd US Masters. "But that's the way it goes." shrugged Lyle. whoAP - 829 words
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Article, Illustration470 1988-04-11 13 WALTON MORAIS - By WALTON MORAIS ALBERT TEO and Hassan Bohari secured a historic Davis Cup triumph for Singapore in Damascus on Saturday and the win was received with glee by national association president Dr Ong Leong Boon yesterday. Speaking in Singapore after the duo had470 words
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507 1988-04-11 13 AP TOP-SEEDED Martina Navratilova and No. 2 seed Gabriela Sabatini are right where they want to be in the finals of the 16th annual Family Circle Magazine Cup women's tennis tournament in South Carolina. But they took different routes to get there. Navratilova. strugglingAP - 507 words
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115 1988-04-11 13 AP NO. 2 SEED Tim Mayotte of ttar US defeated compatriot ScCfC Davis 6-1, 7-5 on Saturday earn a berth in the finals of U*****,000 Volvo Chicago tervnis championships agairffrC eight-seeded Paul Annacone Annacone, also an Ameri-* can, won an earlier semi-final over third-seeded countryman!AP - 115 words
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Article, Illustration559 1988-04-11 13 AP ISIAH THOMAS scored 13 of his 20 points in the fourth period on Saturday as the Detroit Pistons outscored Atlanta 30-17 in the quarter and beat the Hawks 115-102 in Atlanta The victory gave the firstplaced Pistons a two-game lead over AtlantaAP - 559 words
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Page 12 Advertisements
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Advertisement273 1988-04-11 12 4 COURVOISIER XO~Where to eat, drink... Mr the health-conscious, weight-watchers or simply lovers of greens, we present you Daily from 11 am to 2pm at Cafe Vienna For $8.90+ you can tuck into more than 35 varieties of salads, eight dressings, eight condiments, soups, breads, mils and fresh fruits. Treat273 words
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Advertisement156 1988-04-11 12 EAST MEETS WEST Daily Buffet at the Dondang Sayang AjfcJ I V it*. l' J w Enjoy the best of both worlds, 'East Meets West' daily buffet. Salads, cold cuts, roasts curries, satay, noodles and many more dishes you will find irresistable. Coffee or tea is included to complement the156 words
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Advertisement254 1988-04-11 12 FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.00-6.00 pm) in The Lounge. Watch our models parade the latest collectioas while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.30 per person. S, ■fj. Zd254 words
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Advertisement173 1988-04-11 12 ENJOY THE LUXURIES AT HAWKERS' PRICES SI: I I I \VH DIN NIK Local Sfxcbhtxi @556.50 Roast CXickJ Chicken Served with Garlic Rice Beancurd Soup Coftce/Tea or Roast Pork with Char Siew Rice Beancurd Soup Coffee/Tea Western Debgbt @Ss7.so++ Soif) of the day Pork Milanese (Italian Style) Dessert Coffee/Tea or173 words
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Advertisement210 1988-04-11 12 A fast fit for Greek Gods It 's the most inviting spread of exotic Greek favourites this side of Athens. With Midya Dolmasi (mussels), Shish Kebab, Oktapothi Krasato (cuttlefish in red wine), Galato Boureko (custard pie), Baklava and more! Even if it's all Greek, at $31 for adults and $15*210 words
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Page 13 Advertisements
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Advertisement533 1988-04-11 13 and entertain 4 3&dP C i Cherry Blossom Festival April 7 21 The sweet promise of spring comes to the Unkai when the Sakura blooms Celebrate the charm of the Cherry Blossom Festival with us in the authentic Japanese way In honour of this occasion, we will be offering the533 words
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MARKET REVIEWS
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Article, Illustration4205 1988-04-11 14 MAGDALENE NG - r Singapore 1 By MAGDALENE NG THE SINGAPORE stock market continued to take its cue from Wall Street throughout the week. The Straits Times Industrial Index rose from the outset, in tandem with Wall Streets recovery. But trading was generally lacklustre as4,205 words
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Article411 1988-04-11 15 Singapore Stock Indices BT Comp 1 BT OB OS 10 BT CADI 11 BT 10-day av 11 BT OBV 1 1 ST Inds 1 ST Finance 8 ST Hotels 4 ST Prop 5 ST Minings 3 ST Plant 3 DBS CPF 6 OCBC 2 OUB Comp 7 UOB Comp 6411 words
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Article619 1988-04-11 15 JULIANA TAY - Week ended Apr 8 compiled by JULIANA TAY CORPORATE DEVELOPMENTS Fufi Offset Plat* Monyfocturlng Pte Ltd is offering five million shores of 20-cents par value at 75 cents a share. The closing date for application of shares is April 19 Highlands and Lowlands has entered619 words
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870 1988-04-11 15 New York FT FOR A FLEETING half-ses-sion on Wednesday, Wall Street was just like its old self. Emboldened by rumours of a Group of Seven floor for the US dollar, stocks surged for their sec-ond-best day of the year. Oh, to be a young traderFT - 870 words
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Article609 1988-04-11 15 K.Lumpur MBT THANKS mainly to the 64.17-point gain on Wall Street last Wednesday, the Kuala Lumpur stock market recovered its previous week's losses to finish higher for the week. Trading was lacklustre. Though interest continued to be focused on low-er-priced stocks, selective blue chips also managedMBT - 609 words
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247 1988-04-11 15 AFP AUSTRALIAN stocks finished slightly higher last week with little activity despite heavy trading abroad. County Securities analyst Warwick Evans said major institutional buyers showed little interest. "It was a very difficult week." he said. "The market really didn't get going until Friday. Despite goodAFP - 247 words
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Article, Illustration1069 1988-04-11 15 I Hongkong DBS Securities HK THE HONGKONG market made spectacular gains last week, with the Hang Seng Index soaring 76 points in a three-day session shortened by the Easter break. The market indicator closed on Friday at 2,619.87 after registering a respectable 42-point riseDBS Securities HK - 1,069 words
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423 1988-04-11 15 Tokyo AFP SHARE PRICES on the Tokyo Stock Exchange soared to an all-time high last week, making the TSE the first major stock market to surpass peak levels reached before the global market crash in October. The Nikkei Stock Average. the key market indicator,AFP - 423 words
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Page 14 Advertisements
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Advertisement8 1988-04-11 14 Company naws and indlcaa taMaa on Paga 158 words
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Page 15 Advertisements
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Advertisement264 1988-04-11 15 =eee Services* Pte Ltd Member of Singapore Press Holdings Group Our C ompanv is committed to excellence in newspaper printing and distribution services. He print the major newspapers of Singapore and several well known international dailies for regional distribution, using advanced technology including electronic satellite transmission. The Company is now264 words
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COMPANY NEWS
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Article, Illustration518 1988-04-11 16 LEE HAN SHIH - By LEE HAN SHIH A CHAPTER of the feedmilling industry drew to a close last Friday with the resignation of Datuk Sri Ang Keong Lan from the board of the troubled Malaysian Feedmills Ltd (MFL), a listed company he founded 22518 words
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202 1988-04-11 16 Bernama ES PALMCO HOLDINGS Bhd group incurred a pre-tax operating loss of M 52.3 million for the six months ended Dec 31, 1987. This represented a 67 per cent improvement over the loss incurred during the corresponding period of theBernama ES - 202 words
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Article129 1988-04-11 16 Bernama KOPERASI Serbaguna Fortiss Sdn Bhd chairman Png Chew Chua was acquitted and discharged by the sessions court in Kuala Lumpur last Saturday on four counts of criminal breach of trust involving M 55.7 million. Judge Puan Zura Yahya acquitted and discharged him after DPP Gooi SoonBernama - 129 words
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COMPANY BRIEFS
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Article45 1988-04-11 16 MALAYAN CREDIT LTD has raised the paid-up capital of its wholly-owned subsidiary, Malayan Credit Land Pte Ltd, from two ordinary shares to 61 million shares of $1 each fully paid, on April 8. No other details were available in the oneparagraph announcement.45 words
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Article102 1988-04-11 16 THE SES has made additional queries into Dah Yung Investments Ltd's acquisition of 6.8 million shares in Consolidated Electric Co Ltd (CECL) through Causeway Industries Co Ltd, Thailand, a wholly-owned subsidiary of its associate company, Causeway Holdings Co Ld. The exchange wants to know the102 words
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Article68 1988-04-11 16 BON VESTS HOLDINGS has also been queried again by the SES regarding the variances between the unaudited results and the forecast by the company. The SES asked when the professional valuation of Queen Astrid Park Project was done and why the company, when preparing the forecast for 1967,68 words
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623 1988-04-11 16 imm By HOCK LOCK SIEW RUMOURS of Permodalan Nasional Bhd having made a decision to sell its controlling stake in UK-listed Guthrie Corporation as part of its rationalisation exercise had been circulating in the Far East for weeks. There was noBy HOCK LOCK SIEW - 623 words
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MARKET REVIEWS
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775 1988-04-11 16 RAY HEATH - London From RAY HEATH In London A £924 MILLION rights issue from Barclays Bank last week strangely failed to disturb a useful rally in UK share prices. Strange, because one week earlier, a cash call of £163 million from Lucas Industries had sent775 words
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146 1988-04-11 16 UBS FOREIGN MARKETS' performance helped the Swiss stock market into a post-Easter rise, though no real reason for euphoria exists in Zurich's ring. The General Index added 1.27 per cent to 827.7 over the week. Despite a flood of surprisingly good year-end results, tentatively positiveUBS - 146 words
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417 1988-04-11 16 SHIRISH NADKARNI, AJIT AGHARKAR - From SHIRISH NADKARNI, AJIT AGHARKAR in Bombay INSTITUTIONAL support that so transparently propped up the stock market in Bombay during the previous week, was once again prominent last week, leading to a recovery on the exchange for the better part of the week.417 words
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Article1346 1988-04-11 16 Current El Make (Mi TeM tor TeM M peymem Me ctaee peyeMe ■w year Ml year AIN 13*% NYA NYA NYA 27% 27% Amcoi 10% NYA NYA NYA 10% 10% Asiatic Dev 3% May 19 Jun 3 Jul 1 5% 5% Austral Amol 10%) Mor 18 Apr 11,346 words
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Page 16 Advertisements
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Advertisement170 1988-04-11 16 WELCOME TO ENGINEERING EXPORT PROMOTION SEMINAR-CUM-CATALOGUE SHOW ON INDIAN ENGINEERING PRODUCTS SERVICES Friday 22nd April, 1988 at 9.00 am Royal Pavilion Ballroom The Pavilion Inter-Continental, 1 Cuscaden Road, Singapore 1024 Organised by Engineering Export Promotion Council (EEPC) INDIA Co-Sponsored by The Indian High Commission Singapore Trade Development Board (TDB) Singapore170 words
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WORLD MARKETS
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Article962 1988-04-11 17 New York Reuter THE NEW YORK stock market rallied to a post-crash high on Friday after arbitrage related buy programs ignited a buying spree late in the afternoon, traders said. The advance left Wall Street with its biggest one-week gain since mid-December. The Dow Jones IndustrialReuter - 962 words
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Article927 1988-04-11 17 London Reuter LONDON SHARE PRICES on Friday ended the last leg of the three-week account higher, in the wake of a surprise half-point cut in UK base rates, with losses seen a fortnight ago mostly recouped. But stocks showed a net loss of 75.8 points on theReuter - 927 words
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Article1048 1988-04-11 17 Amsterdam Apn oa FU ABN 41 00 Aegon 75 90 52 Ahold 71 50 0 8 107 70 -06 Alranta 151 00 0 2 AMEV 53 60 -0 5 Amro Bank 67 90 -08 Am Stad 123 50 25 Barkal BOLS 122 50 0 5 98 00 1 7 I1,048 words
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183 1988-04-11 17 Reuter 1 0 BRITISH sugar group Tate and Lyle may be forced to pay more than the US$l.33 2 billion it has offered to win 1 control of US food group Staley Continental Inc. said snalysts in London. Last Friday'sReuter - 183 words
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150 1988-04-11 17 AFP JAPANESE electronics group Hitachi Ltd will invest nine million deutschemark to increase local value added in its Landsberg, West Germany, video cassette recorder factory. The investment will make it possible to install a unit for producing reading heads at the factory,AFP - 150 words
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240 1988-04-11 17 AFP SOME of Australia's leading companies have joined the race to develop a space-launch centre in Cape York in north Queensland. A spokesman for industrial giant Broken Hill Proprietary Ltd (BHP) said in Sydney last Friday that members of the consortium are diversifiedAFP - 240 words
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Article147 1988-04-11 17 AFP SHARES OF British computer software supplier Cup Group PLC jumped 89 pence to 294 on the London Stock Exchange last Friday after an unknown investor sought to buy 15 per cent of the stock in a dawn raid, market sources said. The London brokerage Warburg,AFP - 147 words
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226 1988-04-11 17 AFP JAPANESE tyre maker Bridgeetone Corp says its net consolidated profit rose 71 per cent from a year earlier to 36 billion yen in the year to Dec 31, 1967. It said last Friday that increased productivity and cost reductions had offset theAFP - 226 words
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652 1988-04-11 17 AP LESS THAN six months after the global market collapse, Japanese stock prices have surged above pre-crash levels, due to market resilience and renewed confidence in the country's healthy economy, according to investment analysts. "People have realised the Tokyo market has certain strengths." said SimonAP - 652 words
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Article122 1988-04-11 17 AFP FOREIGN INVESTORS were net buyers on Japan s three stock exchanges in March for the third straight month, the Tokyo Stock Exchange (TSE) said last Friday. Their purchases exceeded sales by 90.38 billion yen (about US$723 million) as they were increasingly uneasy about theAFP - 122 words
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Page 17 Advertisements
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Advertisement400 1988-04-11 17 Z I > IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF YEHOO NOODLE RESTAURANT PRIVATE LIMITED (IN VOLUNTARY LI MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 5001. Beach Road #03-38, Singapore400 words
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Advertisement293 1988-04-11 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 HORIZON DEVELOPMENT PTE LTD. MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 3 Shenton Way #07-09 Shenton House, Singapore 0106 on 4th April 1988, the following special resolution was duly passed:"That the Company be293 words
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Advertisement342 1988-04-11 17 In the Matter of the Companies Act, Cap. 50 And B A LEASING (SINGAPORE) PTE LTD At an Extraordinary General Meeting of B A LEASING (SINGAPORE) PTE LTD held at Meeting Room, 14th Floor Clifford Centre, Singapore 0104 on Thursday, 31 March 1988, the following resolution was passed: SPECIAL RESOLUTION342 words
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Advertisement325 1988-04-11 17 IN THE MATTER OF -t THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF RESOURCES SUPPLY CO. PTE LTD (Incorporated in the Republic of Singapore) (In Liquidation) Members' Voluntary Winding-up At an Extraordinary General Meeting of Members of RESOURCES SUPPLY CO. PTE LTD duly convened and held at IS325 words
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366 1988-04-11 18 Agencies HIJACKERS holding a Kuwaiti airliner at Larnaca airport said yesterday that they had "hurt" one of their estimated 50 hostages to press their demand for fuel. "We have already started to hurt one of the passengers," one ofAgencies - 366 words
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614 1988-04-11 18 LOH HUI YIN - By LOH HUI YIN PLANS ARE being drawn up by the Singapore Totaliaator Board to run its newly-established Bukit Turf Club. An immediate issue facing the Bukit Turf Club is how to go about admitting members. And in the long term,614 words
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263 1988-04-11 18 MARKET SHARE ASIDE, companies are waging a different battle to stay on top these days the fight for talent. The need to get the right people will intensify with changing trade trends, according to the head of an executive search firm. The United263 words
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Article, Illustration495 1988-04-11 18 GENEVIEVE CUA - By GENEVIEVE CUA A DRAFT BILL on town councils is almost ready and will be presented in Parliament "sometime in the next couple of months" if all goes according to plan, says Minister for Trade and Industry Brigadier-General (Res) Lee Hsien Loong.495 words
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124 1988-04-11 18 THE MINISTER for Home Affairs and Second Minister for Law, Professor S Jayakumar. will be leaving for Brunei on a three-day official visit today. He was invited by the Bruneian Minister for Home Affairs and Special Adviser to the Sul- tan of Brunei,124 words
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Article89 1988-04-11 18 Reuter INDIAN SECURITY forces fear that Sikh extremists in Punjab have acquired US Stinger missiles. giving them the capability to shoot down helicopters and aircraft. An intelligence source in the Sikh holy city of Amritsar said yesterday that he believed four to six of theReuter - 89 words
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LATE FILE
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58 1988-04-11 18 UPI THE US will remove its bases from the Philippines if the government in Manila does not want the facilities to remain. However, US Assistant Secretary of State Gaston Sigur said yesterday that he was confident the talks on the bases nowUPI - 58 words
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Article45 1988-04-11 18 AFP BRITISH Foreign Secretary Sir Geoffrey Howe said yesterday that he had discussed the possibility of Brunei joining a regional defence pact with Britain and four other countries. He was speaking at the end of a two-day visit to Brunei. AFPAFP - 45 words
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Article47 1988-04-11 18 Reuter MOSCOW supports an Indonesian plan to hold an informal gathering of the opposing Cambodian groups, said Soviet Deputy Foreign Minister Igor Rogachev yesterday. Ministers from 47 Asian-Pacific countries are meeting in Jakarta for the meeting of the UN regional body, Escap. ReuterReuter - 47 words
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Article65 1988-04-11 18 Reuter ARAB foreign ministers met in Tunis yesterday to review support for Palestinians rioting in the Israeli-occupied Arab territories and consider convening a full Arab summit on the uprising. Against the background of a faltering US peace bid, Syrian Foreign Minister Farouq al-Shara said no MiddleReuter - 65 words
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Article34 1988-04-11 18 AP CHINA'S outgoing president, Li Xiannian, was elected chairman of the Chinese People's Political Consultative Conference yesterday. Mr Li, 78, succeeds Deng Yingchao, the 84-year-old widow of premier Chou Enlai. APAP - 34 words
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Article66 1988-04-11 18 UPI JAPAN'S four main islands became linked by rail for the first time yesterday with the opening of the world's longest suspension bridge for both train and highway traffic. Prime Minister Noboru Takeshita hailed the 9.4 km bridge spanning the main island of Honshu with ShikokuUPI - 66 words
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Article31 1988-04-11 18 Reuter AUSTRALIA'S opposition Liberal Party yesterday celebrated a federal by-election victory as a further warning to a Labour government which has seen its popularity drop recently. ReuterReuter - 31 words
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45 1988-04-11 18 Reuter JEWISH settlers said yesterday that a military account of the killing of an Israeli girl hiker in a clash with Palestinian villagers was a lie and a right-wing politician demanded that the army chief of staff resign. ReuterReuter - 45 words
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SATURDAY ROUNDUP
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Article190 1988-04-11 18 A quick look at Saturday's main news DEVELOPMENT guides containing up-to-date information on land use and other requirements will soon be produced in the government s aim to have a more open planning system. With the guides, developers will be better informed when submitting project plans.190 words
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154 1988-04-11 18 THE GOVERNMENT has approved the Far Eastern Economic Review's application to reproduce advertisement-free copies of the news weekly, but only up to 2,000 copies per issue. Review Publishing Co Ltd, publisher of FEER, had asked for approval to reproduce 10,000 copies per issue154 words
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138 1988-04-11 18 AP ISRAEL HAS SOLD China a radar system originally designed for the now-defunct Lavi fighterbomber in a secret deal worth hundreds of millions of dollars. The Sunday Times in London yesterday quoted unidentified Israeli defence experts as saying that China wanted to developAP - 138 words
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225 1988-04-11 18 AFP THE TRILATERAL Commission yesterday called on the Organisation for Economic Cooperation and Development (OECD) to accept Singapore and South Korea as members. The conservative thinktank said in a report released in Tokyo that Singapore and South Korea should be invited to join theAFP - 225 words
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Page 18 Advertisements
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Advertisement401 1988-04-11 18 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1 Profile of the typical purchasing manager. 2 Stock exchange discovers breach of rules and bylaws by some broking firms. 3 A listing of the top 10 employers in the401 words
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SHIPPING TIMES
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105 1988-04-11 19 Reuter CANADIAN Pacific is having talks with various purchasers on the sale of about 19 bulk carriers and product carriers owned by its subsidiary Canadian Pacific (Bermuda) Limited. No decision has been made regarding the sale of the vessels which areReuter - 105 words
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398 1988-04-11 19 Changes will take effect on May 15 THE RAPID appreciation of certain Asian currencies against the US dollar has prompted the Transpacific Westbound Rate Agreement (TWRA) to modify its currency adjustment factor (CAF) and practices to reflect increased handling costs.398 words
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234 1988-04-11 19 THE PHILIPPINE Ports Authority will award contracts for cargo handling at both government and private ports through public bidding and not through negotiation. Three major exemptions will be made under the change of policy: Contractors who have existing and/or expired cargo handling234 words
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PORTSIDES
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Article91 1988-04-11 19 Reuter WORLDWIDE Shipping Agency, manager of shipping magnate Sir Y K Pao's fleet, declined comment on a press report that the group is raising a 3.5 billion Euroyen loan to finance one of its vessels. The HK Economic Times said Chase Manhattan Aaia Ltd isReuter - 91 words
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Article87 1988-04-11 19 Reuter HIGH-LEVEL US and Japanese government officials will exchange views on bilateral shipping issues on April 22 in Tokyo, Japanese Transport Ministry officials said. Topping the agenda are the US trade bill, resumption of Sunday working at Japanese ports, and the trans-Pacific liner trade situation, but noReuter - 87 words
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Article49 1988-04-11 19 Reuter THE GROUNDED Liberian oil carrier Alegro II was recently refloated in the Gulf, Lloyds Shipping Intelligence service reported. The Alegro 11, 158,644 tonnes deadweight, which operates on the shuttle service between Kharg Island and Larak Island, ran aground on March 25 off the Iranian coast.Reuter - 49 words
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Article87 1988-04-11 19 Reuter COMPAGNIE Maritime d'Affretement will appoint Interocean Shipping Corporation as its new general agent in Japan. Interocean will assume responsibility on May 1 and the services of the existing agent, Tohkai Kaiun, will be terminated on the same day. CMA operates seven container shipsReuter - 87 words
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Article163 1988-04-11 20 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 Nedlloyd163 words
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122 1988-04-11 20 P O puts two Dover ferries up for sale Reuter BRITISH ferry firm Peninsular and Oriental Steam Navigation Co has put two of its Dover ferries up for sale as a strike by 2,300 seamen at the Channel port enters its tenth week. Potential buyers from Greece and Scandinavia wereReuter - 122 words
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460 1988-04-11 20 Shell will use the Questionnaire 88 Intortanko TANKER chartering involves asking many questions about the ship, its particulars, cargo arrangements, surveys and certificates and more. The charterers need to know has led them to develop their own question forms giving emphasis toIntortanko - 460 words
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174 1988-04-11 20 NEDLLOYD GROUP has contacted major shareholders to try to ban proxy abuse aimed at getting around statutory voting limits at shareholder meetings. It published a legally binding recount by a notary of the votes cast at its Feb 12 shareholders meeting and said 57.6174 words
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Article985 1988-04-11 20 AB Shpg V s ABC Cox*ain«r VHI 1 Accord Shpg VI Ahrankial linor Africa Ocaon XI Alltrans VII AC Toapter n Am#r con Tpt XII Anro Sarvica IV Arrow Unas IX Asian Ocaan XI Assoc Cornapa XI Atlas lina X ANl 1 A PC tina V API985 words
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668 1988-04-11 20 Reuter DUTCH transport group Nedlloyd's decision to sell a majority interest in the Dutch charter airline Transavia is a clear sign it intends to move out of aviation, analysts said. "Moves like this are likely to continue despite chairman HenkReuter - 668 words
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269 1988-04-11 20 AP A GALA reception was held at a port east of Tokyo to mark the arrival of the first US-made Honda cars for sale in Japan, company officials said. Makoto Tanaka, spokesman of Honda Motor Co, said about 350AP - 269 words
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347 1988-04-11 21 MORE THAN a hundred ships of 1.13 million grt have joined the Piraeus registry after the Greek minister Evangelos Giannopoulos made his call last autumn for Greek-owned ships to be "returned to their natural flag, that of their country." Because347 words
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Article, Illustration301 1988-04-11 21 HONGKONG International Terminal's success in winning the right to develop and operate Terminal Seven of Kwai Chung container port will enable it to open a new berth every six months from now until 1991. Mr John Meredith, managing director of HIT, told the South China301 words
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Article581 1988-04-11 21 OIL tanker/combination carrier tonnage sold for scrap in March fell to 396,351 long dwt (five vessels) from 466,518 dwt (six) in February, London shipbroker Howard Houlder said. This brought the January/March 1988 total to 1.2 million dwt (18 vessels) against 2.06 million (20) in the same period of 1987.581 words
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10714 1988-04-11 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the (estimated dates of arrival and departure from the Port of Singapore.10,714 words
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Article1302 1988-04-11 27 Easier rates were reported paid for grain cargoes out of the US on Thursday, although confirmation was not available for some of the business, ship brokers said. A lump sum equivalent to US$l3 99 was paid for a vessel with cargo capacity for 89.000 long tons carrying light1,302 words
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Article1327 1988-04-11 27 AT CONVENTIONAL WHARVES Emerold Star JI2 olongside 1104/0600 Flog leader HI olongside 1104/1600 VMMI B.rt h Arrival Departure Glory Serayo ji alongside 11 04/2000 KEPPEL WHARVES Alfesoni Builder III Equotor III Honseotic Huong long Koto Pelongi KI9 Moiu Yong Hua Sibolangit JI2 J3 alongside alongside 1104/2300 II1,327 words
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Article2069 1988-04-11 28 A—B AB Shipping Boustead Shpg Agencies ABC Containerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Alrica Ocean Lines Seaiion Shpg (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepter Oceanus Shipping Sencies (S) Multiport Sdn Bhd (PK). trans Alltrans Express American President Lines2,069 words
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503 1988-04-11 30 Lloyd 's List A COAL PRICE row has broken out in Australia which threatens to shut down much of Japan's steel production and disrupt the buik carrier market. The Australian government is making a stand against coking prices paid byLloyd's List - 503 words
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253 1988-04-11 30 Reuter STATE-OWNED Shipping Credit and Investment Corporation of India (SCICI) has signed a US$60 million two-tranche loan with Swiss Bank Corp Investment Banking Ltd ot London. The loan carries interest of 0.25 points above six month London Interbank Offered Rates (Libor), a SCICI statement said.Reuter - 253 words
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Page 19 Advertisements
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Advertisement779 1988-04-11 19 f>v TIMES t > V»»N. X. STP Distributors snfir i st l ]CC6^ Ort* 0 WW/ ORIENT OVEIQEAS Co*Lim\ LINE AfCMS JARDINE SHIPPING AGENCIES (Ref No 242*4, 00K) 200 Cantonment Road #12 05 South point. Singapore 0208 Tel *****11 TELEX NO RS ***** TERMINAI'CFS Tel *****18 220 BOOKINGS Tel *****34779 words
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Advertisement121 1988-04-11 19 mm DUTCH transport group Nedlloyd's decision to sell o majority interest in the Dutch charter airline Transavia is a clear sign it intends to move out of aviation, analysts said. P«g« II MORE THAN a hundred ships of 1.13 million grt have ioined the Piraeus registry after the Greek minister121 words
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Advertisement609 1988-04-11 19 <• >* DUES STP Distributors Trnw PutXfhmg Croud MAERSK LINE A NEW STANDARD IN SERVICE A BETTER WAY TO OAKLAND SIN OAK—I 7 DAYS! LPK OAK— 23 DAYS! PEN OAK— 22 DAYS! To Europe UK Scandinavia Finland Th* week M Tokyo CMng T«n* CY 17/4 0600 MBS CFS 16/4 1900609 words
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Page 20 Advertisements
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Advertisement680 1988-04-11 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN, COPENHAGEN, AARHUS, GOTHENBURG. MAUMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT TOKKD EXPRESS KOWLOON BAY THAMES MARU BENAVON OSAKA BAY KITANO MARU CALLING #KOBE 29/4. TYO 3/S CONV/SEMI-CONTAINER SERVICE TO MED680 words
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Advertisement20 1988-04-11 20 h' ne l and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. VS20 words
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Advertisement355 1988-04-11 20 CHARGEURS REUN/S r+* S'POftt LA-REUNION EARNEST VENTURE V 25 SUM C« ABIDJAN lit* at* SING APOPf F NOUIPiF S ???3744 FA* 77SSHS 1 SAN JUAN .104 JO ISTERO :»W LA RIOJA MS ACfNTS SINGAPORf 111 *****11 lIU* RVlt.'iO f* < 77M451 R NOIRE R CENTIL/LIBRCVILLE OOUALA COTONOU LOK Z7/4 2*4355 words
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Page 21 Advertisements
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Advertisement905 1988-04-11 21 a The Straits Steamship Group wi Mansfield Container Shipping Re Ltd v P&O Containers CONTMCRSHP SERVICE 10 UK/CONTICKT: TOKYO (AT MUM MRU TO* tO UHKS HAMUK amss MNR.OON MY KNAVOft OSAKA lAY LA PEROUSE Also Accepting Cargo For: I I* ripuhmn. AariM. UKrwWurt. Mm. Stockholm Hwunti •aMsrtaw W Antwerp. Amtortfam.905 words
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Advertisement684 1988-04-11 21 S7 C SAV Ccrrpjni.i Sud Americanj do Vjpcrcs S C-"' "'.Jn i ire TO/FROM CHILE FUOU VESSEL SPORE BOTHER VESSEL HK AMCA IQQ AUTOfVALP SAI CUV 2 m* CAR CARRIER TOK 2*5 JW 2*4 CSAVI 12* ATACAMA 2*4 4H W M 1M CSAV 1 mfi VELAY I*4 1/7 1/7 11/7684 words
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Page 22 Advertisements
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Advertisement351 1988-04-11 22 q IHSINOSE MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TEYFOURI IRAN EHSAN Singapore SAILED IN PORT Loading for BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNG/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 10/5 LAE, PMB. RBL, HRA MICRONESIA SERVICE OCEANIA EXPRESS V-12 13/4 OCEANIA351 words
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Advertisement809 1988-04-11 22 Wb KS IMfi tmi K LINE sttirnmi FULLY CONTAINERISED SERVICE HltlY CONIAINt RISID 10 (ROM NOR IH AMfRICA WIS! COASI *FDR/MOTHER VtSStL OCH SK/KOREAN WONIS JIN 74C OCH SK/HANJIN KWANGYANG 44E NO 74E/KOREAN WONIS SON «9C NO 74E/HANJIN BUSAN 7* KJW Ull KOREAN WONIS SUN ME KJW 62E/HANJIN POHANG 7K809 words
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Advertisement368 1988-04-11 22 f/A FREIGHT LINKS CXPRES DIRECT SERVICE TO Mat SAILING 23/4 E SIN FOR: PORTO, LISBON, ORAN, BILBAO 17/4 MADRIO, MALAGA, MEULLA, 15/4 TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALQIER ft ISTANBUL U-S.A. NYC ALSO ACCEPTING TO: 20/5 1/6 CHICAGO, BOSTON. JAV, RNIL, SAV, 7/5 2/6 14/6 MIAMI ALL INLAND368 words
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Advertisement1369 1988-04-11 22 m wLiz&Zm SHIPPING TIMES, Monday, April 11, 1988 r. EVERGREEN Full Container Service EVER GUARD ever growth EVER GRAND EVER GLAMOUR jiound-The-World East Bound (FE/CARIB/USEC/EURO/FE) vs S z 2? S 9 ss s l" 2r W aw 2! trt W 1»* 1171 1271 13* 11* *7 135 4; 2*5 1V»1,369 words
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Page 23 Advertisements
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Advertisement870 1988-04-11 23 r PACIFIC INTERNATIONAL LINES AV\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA DRAGON KOTA EAOLE SEA HAWK SEA DRAGON VESSEL MTEOHA SM Sid SM In PI 14/4 IS/4 17/4 >1/4 23/4 24/4 2S/4 JO/4 >'..H870 words
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Advertisement522 1988-04-11 23 \a BEN LINE CONTAINERS STON Ml I MAM ROM HA« W *n VS «S m ws u/s u/s u/s u/s iv» i7i» vn an I*s art an nn an on an vn vn an Ort M 4* 4* M W '0 M 11* 11* lilt I]* 1M ■M IW 2M522 words
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Advertisement500 1988-04-11 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. MWDCIA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES VSL/VOY LJ. BONTANG/14WB OCEAN PfttMA/IOWB SRIWIJAYA/23W8 S PORE BILBAO ANTWERP H'BURG/ ROAM/ADAM BREMEN 1-3/5 9/6 12/6 17-19/5 2t/B 1/7 a-30/5 26/6 21/6 Soto)«cl to Inducement. Also accepting cargo500 words
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Advertisement408 1988-04-11 23 BOUSTEAD SHIPPING AGENCIES PAGAN VI26N PA-AN VI23N HTONEYNA VZ34N PAGAN YIZ7W BURMA FIVE STAR (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok 1/13 Apr Apr too Apr 15f17 Apr 30 Apr J May BANK LINE SEMI-CONTAINER SFBVirP HE.AVY LIFT CAPABII ITY TAUSALA SAMOA VI2N MORAYBANK VSN CLYDEBANK V23N408 words
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Page 24 Advertisements
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Advertisement1039 1988-04-11 24 K KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM VOY *INDO •PK/PNC SGP ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM VIA FEEDER •PK/PNC *INDO N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL ORIENTAL CHIEF NEPTUNE DIAMOND NEPTUNE CRYSTAL CHINA CONTAINER N. AMERICA PACIFIC NORTH-WEST1,039 words
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Advertisement600 1988-04-11 24 INDIA EXPRESS CONTAINER SERVICE TIGER BAT V 34 k~ INDIAN COURIER VAN u A» ORIENT SUCCESS VIM U Apr S O ANONRA PRADESH V17H17 Apr Accepting FCL/FCL Container* sara. L TIGER BAY V 35 ORIENT SUCCESS V IV INDIAN COURIER V lON S O MANIPUR V I7N TIGER MT V600 words
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Advertisement766 1988-04-11 24 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23 T tiot Ayy strid SINGAPORE 0104 TEL U4JM (10 LINES) Fli *****04 STRAITS/PERSIAN GULF SERVICE: GOLDEN WON OCR Cotanbo/ferachi/Oubft GOLDEN BEAR Koradu/Duboiftommoin CHINA SERVICE MNFU Huonopu/Shonfltoi DAI TUN SHAN Mian S'por* p KtUng Pott In Port 24/25 Apr 12/14 A#r A»r «rrn766 words
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Advertisement526 1988-04-11 24 PHILI Oni€NT LIN€S PT€ LTD HEAD OFFICE 63 ROIiNSON ROAD -0712 AFRO ASIA BUILDING SINGAPORE 0105 TELEX RS ?8720 PHIL! FAX *****76 m rrrrjn EHEHEEIZ: WBvW 5™ v.'*."/ 1 H KONG KOBE KEELUNG iITwT; EAST AFRICA/MEDITERRANEAN SERVICE UK EUROPE SERVICE TBN MOMBASA. DARESSALAM BEMW TAMATAVE REUNION. TANGA LATTAJUA. BENGHAZI TNFOU.526 words
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Page 25 Advertisements
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Advertisement822 1988-04-11 25 S'pore NEPTUNE AGENCIES PTE. LTD. Ft EU/AUST TPA/SEA Garvaral Enquiries T«l: *****77 T* No Tjwpj*! SEL* BOOKINGS *****53 *****2 *****22 *****53 27*111 J*****6 P Kelanf NEPIINE SON BHD 36nu; *****19 *****49 K Lumpur NEPLINE SON BHD. *****33 iNWARDOUTWARD NEPTUNE ORIENT LINES ITD p, un NEPL,NE sdn BHD tno3s/*****W*****i*?tt62 enqo?*ik U822 words
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Advertisement529 1988-04-11 25 HEUNG-A SHIPPIN Korean Flag Vessels DIRECT SERVICE TO: P. KELANG. PENANG, BUSAN. INCHON STRAITS/KOREA SEHVITP Vassal Nam* rro BS BKK Entarprite/attN 27/03 No 1 Donam/KBN TUO3 OHH No 7 Donam/KMN CC W No I Dorum/XUN 04/04 16/04 •ciorij mm vw Enterprise*** 24/04 OSAJS No Donam«BN IMM S PORE PKELANG BUSAN529 words
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Advertisement784 1988-04-11 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD Sm e a P° re 01M Tel: *****33 (15 Lines) Terminal Office: *****41/2 £n5Lc A(toress SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** rtrvAitb > Mr w MAI THONG SNIPPING 127 Pefiing Street Penenfl, Malaysia M S HANDUNC cycrry rn cnm784 words
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Page 26 Advertisements
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Advertisement340 1988-04-11 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 .30 Lines. FAX *****39 *****76 TtIEX RS ***** A B SSCMA RS ***** A B SSCAD DEUTFRACHT/SEEREEDEREI RQSTOCK INTEGRATED FULL CONTAINER SERVICE -VIA LARNACA Accapt Mersm, Limassoi. Bwrut. cargo lor Lattaka, Piraeus, Thessataniki, Izmir. Istanbul, siandria, Port Said. Iraqi, Iranian. 'Accepting carta340 words
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Page 26 Miscellaneous
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Miscellaneous172 1988-04-11 26 Regional Weather <: 12 i Va Is 1 S5 w 5s SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c O Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature c A\ n Shower- Weother Wind direction with speed in knots Rom W Cloudy Sky172 words
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Page 27 Advertisements
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Advertisement1233 1988-04-11 27 |CSP\ CSP SHIPPING AGENCIES PTE. LTD. Tel *****66 (16 Lines) Fax *****15 FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELUNG, KAOSHIUNG, MANILA, BUSAN, TOKYO/YOKOHAMA KOBE. OSAKA, FELIXSTOWE, HAMBURG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations, ACCEPTING FCL/LCL AND CONVENTIONAL: MV Totonj Last1,233 words
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Advertisement247 1988-04-11 27 n UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. HTi IRAQI LINE lß| oi SUTf fNT(RPRISf fO* MIRITIMf TRANSPORT MV BABYLON MV ALFARABI MV ALFARABI EAST BOUND SERVICE ETA S PORE LOADING FOR 121* Yhami. Kobe CtWb* Kinut Yjwati WEST BOUND SERVICE ETA S PORE LOADING FOR 1V« J«M*h Aqjb* B««ti ETA247 words
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Page 28 Advertisements
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Advertisement550 1988-04-11 28 m FINE-LINER shippinc PTE LTD ?r. Sh^ n V M 0?C M r,ni Hnu, > e S pore 0? TFL .'?WO// (8 (,nes) TtX RS ??M1 FIINER FAX ??528b6 EUROPE SERVICE i™ ias is far east service MIDDLE EAST GULF SERVICE WEEKLY HKG/CHINA SERVICE! Hamburg West German Tiger Line BEN550 words
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Advertisement487 1988-04-11 28 ZIM FULL CONTAINER SERVICE accepting FCI/LCL cargoes to USA East i West Carnbbean East Canada. HAITI Co»ta Rtc« El Salvador Guatemala Hon Venezuela Peru Ecuador Colombia via Miami Trimd* Barbados Antw Lucia Montierrat Cuayana via Kingston Ju-J 1 'I 1 1 ■i iM j i AUSTRALIA CONTAINER SERVIC 2IM TRIESTE487 words
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Advertisement437 1988-04-11 28 Everett Lines CPV THROUGH BILL OF LADING TO FINAL DESTINATION. P*n»flf* P. K»t»nf* S*ng>por« MANOLOEVERETT CAm ifji/ii JOHNEVERETT w MURRAYEVERETT P'rrr-,|« THOMASEVERETT 14/15 Apr f HUCHEVERETT 25/27 Apr MANOLOEVERETT 7/9 May PREFERENTIAL KRTH IN CALCUTTA AT KPD CALL SUBJECT TO INDUCEMENT P.S. SINGAPORE FAX N0 *****K I TELEX NO. RSZI3K437 words
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Page 29 Advertisements
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Advertisement257 1988-04-11 29 m ITEX SHIPPING PTE LTD r REGULAR LINER SERVICE VESSEL S'PORE LOADING FOR JUBILEE SLD 2/3 BOMBAY HAKKIN MARU ETA 30/4 BOMBAY, KARACHI, JEDDAH, MED PORTS CARGO T0 RED SEA AND MEDITERRANEAN PORTS UN INDUCEMENT AGENTS: SEALIHI SHIPPING AGENCIES SPORE P. KELANB PENANfi TEL *****94 *****18 *****4 TUL R52«119 MAJ9477257 words
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Advertisement125 1988-04-11 29 j*jcr TRAVERWAY MARITIME LTD MONTHLY CONVENTIONAL SERVICE S'PORE Loading for KINALI V 3/88 13/4/88 FAMAGUSTA/BEIRUT/ TRIPOLI (LEBANON)/ LATTAKI A/ISTANBUL/ MERSIN/ALEXANDRIA Agents: SEALORD SHIPPING AGENCIES Spore: Tel: *****94 P.Kelang: Tel: *****18 Penang: Tel: *****6 Ngship Agencies T»t«phon« 221(443 *****90 *****74 >r T«l«l RS ***** FAX *****69 AB NGSMIP BREAKBULK CONTAINER SERVICE125 words
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Advertisement506 1988-04-11 29 SING KWJUffi HANG LCL/FCL SERVICE Alio accepting cargo to KEELUNO, KAOHSIUNG, HOMO KONG, P. KELANG. BUSAN A JAPAN E MALAYSIA A BRUNEI PORTS ".1 TJIKmUH TEL *****11 FAX: *****47 TELEX: RS ***** SKHST Uii'KU LUCKY SEAWAY SERVICES PTE LTD Tlx: ***** Fax: *****77 S.E.ASIA/CHINA SERVICES SGP PKLANG PNC FOR 11/4506 words
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Advertisement601 1988-04-11 29 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLORY SELATAN IX V ft GLORY SELATAN V V K BLW KAOM W 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM TAIWAN TO601 words
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Advertisement363 1988-04-11 29 PTC CONTAINER LINES FCL/ICI SERVICE PIC GPOUP SIN FAI EAST 17/4 KEELUNG/KAOHSIUNG 16/4 BANGKOK 13/4 MANILA 16/4 JAKARTA 16/4 PORT KELANG/PENANG 17/4 BUSAN 15/4 TOKYO/YOKO/KOBE 23/4 HONG KONG also accepting cargo to Huangpu/Shenzhen/FuThou Xiamen/ Xingang/Shanghai SHI EBBOPE 18/4 RDM/HAM/ANT/LE HAVRE/GENOA Sl® USA/CAMAfIA 17/4 L.A./NYC/SFO 17/4 VANCOUVER/TORONTO/MONTREAL 13/4 SYD/MELB/ADEL/FREM 24/4 AUCKLAND/WELLINGTON363 words
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Page 30 Advertisements
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Advertisement310 1988-04-11 30 Hai Sun Hup Co (Pte) Ltd o TEL *****06 (20 Lmes> TLX RS ***** &RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK PL REU DBN CT IHL V7T li/4 22/4 2M 7/5 1/5 13/5 23/5 'Also calls E L P.E. GENERAL AGENTS: HAI310 words
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Advertisement453 1988-04-11 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA>EAST COAST/GULF/CANADA/MEXICO ANO FRENCH WEST INDIES SELAMMA MK 11/4 TOY AHA VIIB 11/4 I PfMAI VIU 2it* Sffof* Cwwdwn VSI U/4 2M ATI CAJITIU STUTT6AHT EXP. NUUNKC ATI. For: Halifax, Montrul, Toronto, Now Yor Baltimore. Portsmouth, Norfolk, Savannah fer. Cnn ln453 words
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Advertisement196 1988-04-11 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK *>, MMM-MU SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SHIPPING *OAD DTK I TT\ J® 2 HOUSE PTE LTD SINGAPORE 0201 TIMBER/BREAKBULK SERVICE JW CM U ***»<* S POUE BKK SftWK/INDIA LATANCAN VT7 SmM 11-1 V« V* CJL3VU196 words
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Advertisement786 1988-04-11 30 Wi CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR ******/*****11 '04-*****2/4, *****3 *07-*****8 '07-*****3, *****5, *****0, *****1 *02-*****22 *****68 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEOCJt EZ22 ii7T BUTANC U7 >. BUTANC Ol >. BUTANC *C JUTLANOIA u l r AmTt, 0A bash, mm*786 words
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