The Business Times, 21 April 1988
1988-04-21
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The Business Times
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Title Section11 1988-04-21 1 BUSINESS TIMES MCI <P) 95/12/87 THURSDAY, APRIL 21, 1188 75 CENTS11 words
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Article272 1988-04-21 1 AFP Dow Jones lower THE DOW 30 index was off eight points in early trading yesterday, after a sluggish opening on concern that the rise in March consumer prices could encourage higher interest rates. Declining issues trailed gainers by two to one. The fall on Wall StreetAFP - 272 words
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Article, Illustration212 1988-04-21 1 POSITIVE thinking returned to the Singapore stockmarket yesterday, pushing the ST industrial index to its highest close for the week. There were reports of some institutional buying, but these were described as selective. Share prices rose across the board, leading to a 7.58-point212 words
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Article138 1988-04-21 1 THE US dollar weakened against major currencies on Asia's foreign exchanges yesterday, as traders were concerned about a worsening of the US inflation. The US March consumer price index, due for release in Washington late last night, was generally expected to show a rise of138 words
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417 1988-04-21 1 RICHARD SEAH - By RICHARD SEAH in Florence TALKS with Italian Foreign Minister Giulio Andreotti are scheduled for later today when Prime Minister Lee Kuan Yew arrives in Rome. Mr Andreotti was in Singapore in January when he accompanied the former prime minister, Mr417 words
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734 1988-04-21 1 LEE HAN SHIH - Builders fear lion's share will go to Japanese By LEE HAN SHIH Property Correspondent SUDDENLY, it's boom time for contractors in Raffles Place. For the last year or so. nothing much has been happening in Singapore's business hub. But these days, contractors are gearing734 words
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370 1988-04-21 1 CHUANG PECK MING - By CHUANG PECK MING SMALL FIRMS have weathered Singapore's economic crises better than big corporations, says a recently published study entitled Small Firms In Singapore. With lower overheads, and being more nimble in adjusting to economic conditions as well as less370 words
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Article109 1988-04-21 1 Reuter PHILIPPINE Foreign Secretary Raul Manglapus said in Tokyo yesterday that he saw no need for the US military bases in his country. Mr Manglapus, who heads the Philippine team negotiating with the US over the future of the two bases, said they were notReuter - 109 words
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Article111 1988-04-21 1 Reuter IN ANOTHER troublesome report of accelerating inflation, the US government said yesterday that consumer prices rose 0.5 per cent in March after increasing 0.2 per cent in February. The rise, which exceeded expectations of a 0.4 per cent gain, followed last Friday's news that pricesReuter - 111 words
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136 1988-04-21 1 AFP THE CROSS-HARBOUR TUNNEL Co, which operates Hongkong's vital transport link under the Victoria Harbour, said in Hongkong yesterday that it was applying to the government for a toll rise. Drivers currently pay a HK$lO one-way fare to cross the tunnel which connects HongkongAFP - 136 words
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211 1988-04-21 1 AFP THE HIJACKERS of a Kuwait Airways 747 ended the 16-day ordeal yesterday and freed the hostages and crew on board but then vanished, correspondents at the scene said in Algiers. Journalists saw the 31 hostages. led by the two womenAFP - 211 words
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Page 1 Advertisements
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Advertisement85 1988-04-21 1 TIEN COURT J? SICHUAN CUISINE (All King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 Full report, Pag* 14 Regional markets, Page 16 World markets, Page 17 Begin Your Busy Day Right Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide as a85 words
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Advertisement265 1988-04-21 1 Small companies prove their mettle, Page 10 m FINALLY, THE DEMOCRATS have a genuine front runner in this year's US presidential race. But still the political scene remains bereft of candidates whom the voters are eager to follow, let alone vote for. LEADER, Page 10 THE AGGRESSIVE campaign by the265 words
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Advertisement115 1988-04-21 1 BALLY ff the challenge of tomorrow of Switzerland Sote Agent S G Ptrrtn Son |JHt| Lta Singapore Shipping Timet comet as a separate section today. Make sure you get your copy. msi A- DINING ON TOP-OF-THE-WORLD Join us at the top. Enjoy the best Beijing cuisines specially prepared by our115 words
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HOME NEWS
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482 1988-04-21 2 CLAIRE LEOW - By CLAIRE LEOW THE AGGRESSIVE campaign by the labour movement to recruit more members in the last couple of years has paid off. Union affiliates report that membership has gone up to nearly the 1983 level although the numbers are still below the peak482 words
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151 1988-04-21 2 CHINA will have a stand at the Computer Systems and Technology Exhibition (Comtec) '88 to be held in August. Twenty Chinese companies will participate in the four-day exhibition, meant for microcomputers and related peripherals and software. A spokesman for the organisers, ITP Services (Pte)151 words
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320 1988-04-21 2 HIGHER SKILLS for a better life will be the theme of the National Trades Union Conference triennial delegates conference next week. One of the papers to be presented at the pre-conference seminar will focus on the insufficient use of training programmes by320 words
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288 1988-04-21 2 EIGHT Singapore manufacturers will be showing off a variety of consumer goods at the 18th Osaka International Trade Fair to be held from April 23 to 29. A variety of consumer goods, such as furniture, mattresses, giftware. plastic casing, jewellery, garments and288 words
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230 1988-04-21 2 THE MAN responsible for helping Apple Computer Inc to recapture its "byte" (position) in the market will present his ideas in a talk next week. Mr John Sculley, Apple Computer s president and chief executive officer, will speak on information technology in the230 words
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Article183 1988-04-21 2 THE OFFICIAL helping hand available to small and medium-sized enterprises (SMEs) which want to develop new products and processes will be discussed at length at a workshop next week Organised by the Singapore Institute of Standards and Industrial Research (Sisir), the "meet-the-clients" workshop will elaborate183 words
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Article118 1988-04-21 2 COURIER SERVICE company,. DHL has slashed its rates for non-document consignments to the US by up to 50 per cent from April 4 to May 31 Under its Uncle Sam" package, a shipper pays only $60 instead of $153 t<i send a one-kg consignment. The promotion,118 words
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Page 2 Advertisements
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Advertisement156 1988-04-21 2 The famous Hong Kong Lei Garden makes its impact in Singapore At Lei Gar den. every dish tastes as delicious as it looks. Its always innovative and elegantly exciting, because we have so many fresh ideas in our recipes nspiring dishes such as Dian Xin, Fresh King Prawns, Freshly Steamed156 words
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Page 2 Miscellaneous
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Miscellaneous1499 1988-04-21 2 City Max/ Not* Mtn (°C) Adelaide 27/14 Fin* Amsterdom 20/12 Rain Athens 16/05 Cloudy Bahrain 32/25 Cloudy Bangkok 34/25 Fair Barbados 25/ Clear Ming 13/06 Clear Beirut 20/16 Sunny Belgrode 14/02 Cloudy Berlin unav Bermuda 23/18 Cloudy 20/10 Cloudy Brisbane 25/17 Cloudy Brussels 22/05 Cleor Buenos Aires 23/15 Cloudy Cairo1,499 words
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ASIA – PACIFIC
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261 1988-04-21 3 AFP INDIA will sign a contract for two Soviet nuclear power plants with a joint value of some US$3.6 billion when Soviet deputy premier Vladimir Kamentsev visits next week, diplomatic sources said in New Delhi on Tuesday. The sources confirmed a newsAFP - 261 words
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79 1988-04-21 3 AFP THE PRIME MINISTERS of Australia and Iceland will make official working visits to the United States within the next two months, the White House announced in Washington on Tuesday. Australian Prime Minister Bob Hawke will be received by President Ronald Reagan onAFP - 79 words
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221 1988-04-21 3 NYT TRAVELLERS coming from Phnom Penh say Angkor, the thousand-year-old temple complex near the Cambodian town of Siem Reap, has been closed to foreign tourists for more than a month because of guerilla attacks. The temples, considered to be among theNYT - 221 words
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168 1988-04-21 3 Reuter A VISITING British minister on Tuesday criticised the BBC for a report on India which New Delhi has called deeply offensive Junior Foreign Office Minister Lord Glenarthur called the British Broadcasting Corporation's Panorama current affairs programme bad and unfair. The programme, shownReuter - 168 words
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95 1988-04-21 3 IRAN s Deputy Petroleum Minister Hussein Kazempour Ardabili has held talks with senior officials in Beijing on China s cooperation with Opec in its efforts to stabilise oil prices and restore market equilibrium. The minister, who arrived in Beijing on Monday, discussed95 words
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Article, Illustration233 1988-04-21 3 AFP CHINESE Premier Li Peng has accepted an invitation to visit Japan, the New China News Agency (NCNA) reported, in spite of a number of sore points that have arisen in Sino-Japanese relations in recent months. The invitation was extended on Tuesday byAFP - 233 words
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Article280 1988-04-21 3 AFP SOUTH KOREA'S labour disputes have begun to spread from shipyards and carworks to other enterprises including banks, mines and transport, industrial sources in Seoul said yesterday. Labour Ministry officials said there had been more than 370 labour strikes this year, compared with about 79 casesAFP - 280 words
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141 1988-04-21 3 AFP THE EUROPEAN COMMUNITY has given France and Italy permission to suspend imports from Taiwan and Japan passing through other EC countries. The European Commission, the EC's executive arm, said in Brussels on Tuesday that the French import quota for Taiwanese televisions hadAFP - 141 words
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640 1988-04-21 3 AP JAPAN s economy has taken off on one of the biggest booms in the past five years, surprising many economists who only last year were predicting a recession. Economists say the boom will continue for at least two more years, adding that the government'sAP - 640 words
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Page 3 Advertisements
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Advertisement148 1988-04-21 3 WHY YOU WOULD ENJOY THE PLAZA SERVICE APARTMENTS. v-f V* .<•' < 4 %u i At the most attractive in town, The Plaza Service Apartments offer you all the Comforts of home, plus the luxury of a fine hotel, pi ideal location along Nicoll Highway near Marina Centre panoramic sea148 words
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Advertisement111 1988-04-21 3 Move Europe, less money. Amsterdam Genoa Munich Ankara Glasgow Naples Antalya Gothenburg Nice Athens Graz Nuremberg Barcelona Guernsey Olbia Basel Hamburg Oporto Bastia Hanover Oslo Belgrade Helsinki PalmadeMallorca Bergen Heraklion Paris Birmingham Ibiza Prague Bologna Istanbul Reykjavik Bonn Izmir Rome Bremen Jersey Ronne Bristol Larnaca Salzburg Brussels Las Palmas Sofia111 words
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Page 3 Miscellaneous
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Miscellaneous92 1988-04-21 3 Doonesbury ANP HERES ANOTH- SOMJHY er exciting pevi- poestfr at/on. he totally he come J PfSAPPROVES OF OUT ANP i THE SLEAZE OF THE SAY SO' PAST SEVEN YEARS! as vr BECAUSE HE POESN7UANT TU APPEAR PfSLOYAL TD A POPULAR preg/pent, OF COURSE. I w BY GARRY TRUDEAU HE UJANTS92 words
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REST OF THE WORLD
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404 1988-04-21 4 Congress group gives reasons for a drop in US position AP THE UNITED STATES s economic position in the world has declined because of policies adopted during Republican President Ronald Reagan s administration, the Joint Economic Committee of Congress reported on Wednesday. The committee, chairedAP - 404 words
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159 1988-04-21 4 Reuter US HOUSING starts rose a modest 1.9 per cent in March to an annual rate of 1.543.000 units. The expected increase provided fresh evidence that the winter slump in homebuilding was temporary and that the economy overall was stillReuter - 159 words
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154 1988-04-21 4 NYT DEMOCRATIC LEADERS in the US Congress have warned that Congress might reject legislation putting the US-Canada free trade agreement into effect if President Reagan vetoed the trade bill. The warning on Tuesday came as Democrats increased efforts to pass a trade billNYT - 154 words
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436 1988-04-21 4 Reuter MASSACHUSETTS governor Michael Dukakis easily beat Jesse Jackson in the New York primary on Tuesday to become the undisputed front-runner in the battle for the Democratic presidential nomination. With 91 per cent of New York electoral precincts reporting. the Greek immigrant's son,Reuter - 436 words
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293 1988-04-21 4 UPI MEMBERS of the General Agreement on Tariffs and Trade face "the risk of a slowdown" in efforts to strengthen and extend agreements, Gatt director general Arthur Dunkel said. Mr Dunkel told about 80 Canadian business representatives on Tuesday that a December meetingUPI - 293 words
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116 1988-04-21 4 AFP BRITISH Prime Minister Margaret Thatcher on Tuesday warned that Denmark s decision to ban nu-clear-armed ships from its ports had "very grave implications" for the North Atlantic Treaty Organisation (Nato) Nato policy "is neither to confirm nor denyAFP - 116 words
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228 1988-04-21 4 AP SWEDEN and the US can strengthen ties by sharing their expertise in information technology. Sweden s King Carl XVI Gustaf said on Tuesday at a seminar in Chicago for 250 academic and business leaders "I am proud to be able to say Sweden isAP - 228 words
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233 1988-04-21 4 AP US HOUSE leaders dropped efforts on Tuesday to require public disclosures of foreign investment as part of Capitol Hill's sweeping trade bill, confessing failure in efforts to budge senate critics. "The senate is just obstinate, or obdurate, let's say," said House Speaker ■JimAP - 233 words
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Article868 1988-04-21 4 ARRIVALS Operator Service Local From number time SI A SQ11 0040 i IAX/NRT LUFT LH4514 0140 fra/dxb THAI TG801C i 0300 BKK/KPS SIA SQ691 0620 KHH (C IC555 0655 MAA SIA SQ411 0800 BOM MAS MH640 0820 KUL HM HM601 0900 sa MAS MH651 0910 PEN MAS868 words
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Page 4 Advertisements
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Advertisement113 1988-04-21 4 Pleasure before business ET 1 k v Thai's Royal Executive Class While you're on your way to a business trip, we're there to prepare you. And we will go to extremes to serve our business travellers better. With our highly-acclaimed Royal Orchid Service, you can expect the kind of attention113 words
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Advertisement9 1988-04-21 4 Leader, Page 10 The incredible shrinking candidate, Page 119 words
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Advertisement57 1988-04-21 4 fI \M If Il£ Tr»e business Dersors every I II 111 I Tues<^a v. Thursday. Saturday and I 1 fl %l I 1 Sunday. Leaving Changt Airport o* J_ _I_ JL 22 05 hours and caving at Lester B. °earson International Arpct the following day Ca'i your Trove' Age o57 words
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BANKING AND FINANCE
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Article470 1988-04-21 5 JUNE EURODOLLAR futures opened one tick lower at 92.42 and slipped off to the low of 92.41 on carryover selling interest from the Chicago session following a rumour that the CPI to be released is higher at 0 9 per cent. However, short-covering led the June Eurodollar to recover470 words
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Article289 1988-04-21 5 Reuter IMM currency futures closed slightly lower and near the bottom of the day's ranges in lacklustre trading on Tuesday. The growing market perception that the Federal Reserve is willing to adjust monetary policy to support the dollar, which was bolstered by comments from Fed vice-chairman Johnson, weighed onReuter - 289 words
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Article82 1988-04-21 5 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HtGH LOW 3 months BQ*****Z 21.7.88 3.04 2.99 3.03 2.96 6 months BY*****H 22.9.88 3.10 3.05 1 year BY*****Z 23.3.89 3.18 3.13 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID82 words
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Article, Illustration198 1988-04-21 5 Indicates the average of tha prima landing rata* of 12 major banks In S pore Interbank market rates (offer/bid) on April 20 us$ DM SWFC Y«n 7 doys 7 1/8 7 8 l/J 1/4 3 J/16 3/16 2 3/8 1/4 4 1/8 4 1 mfh 7 3/16198 words
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591 1988-04-21 5 NYT THE MUCH-DELAYED bailout of First City Bancorp of Texas was all but completed late on Tuesday after an investor group headed by A Robert Abboud agreed to buy securities tendered by a majority of First City s stockholders and bondholders. The Abboud groupNYT - 591 words
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Article57 1988-04-21 5 THE OVERNIGHT rate on the Singapore interbank market fell Vi point to 3%pc yesterday. Term rates were up 1/16. S$ Interbank rates at 1 2 noon yester day: Offfl wo Ov«fnight 3 1/4 3 1/« 1 -month 3 5/16 3 3/16 2-month 3 5/16 3 3/16 3-month 357 words
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Article, Illustration283 1988-04-21 5 Reuter CITICORP reported a 34 per cent jump in first quarter earnings on an 8 per cent increase in revenues, stating each of its three core businesses registered year-to-year gains. In the latest quarter, the company earned US$35B million, or $1.01 a share,Reuter - 283 words
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117 1988-04-21 5 Reuter THE TIME may have arrived for sterling to become a full member of the European Monetary System when the single European market comes into being (at end-1992). said British Secretary of State for Trade and Industry Lord Young "I suspect thatReuter - 117 words
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Page 5 Advertisements
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Advertisement81 1988-04-21 5 KAMPACffr Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are easy81 words
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Advertisement302 1988-04-21 5 ANOTHER AV/S FIRST C, O WV;* -in *?3 -vs ..V U9 -fc fc iff r 0: <fe 95 <« »2 <. j r %> <« fe 6- 5* -v <* ap J*s ia?J <r :^f* ,-l^E»a m **%i--g^ '.v N Ik. > --^se-^> < <? <? X' >V The Avis302 words
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MONEY AND EXCHANGES
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Article1047 1988-04-21 6 SINGAPORE: The US dollar closed slightly lower against major currencies yesterday due to some selling pressure in thin trading. The dollar ended at 123.85/95 yen against New York s 124.20/30 close and at 1 6605/15 marks against 1 6630/40. The dollar ended at 1.3730/40 Swiss francs against New1,047 words
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Article538 1988-04-21 6 dealers said. The dollar closed at 1.3727/32 Swiss francs against 1.3755/65 in New York. The mark/yen cross rate fell to 74.63 yen from 74.82 at the Tuesday's local finish. Spot dollar/yen trading volume through brokers was $4.76 billion, with a most actively traded rate of 124.00 yen538 words
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Article352 1988-04-21 6 Reuter ASIAN DOLLAR deposit rates yesterday closed little changed from opening levels after thin trading, dealers said. They said most operators were sidelined in the afternoon awaiting the release of US March consumer price index. Short-dates were steady to slightly firmer at the outset supported by aReuter - 352 words
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Article1500 1988-04-21 6 Wednesday, April 20, 1988 DEUTSCHE MARK (SIMEX) May M calls May M p. Htgh Low San High Law 56 57 355 5« 255 59 —159 60 75 22A 61 26 26 26 72A 62 8A 6 I56A 63 1 64 CAI 65 CAi 66 CAB uta Sea CAB CAS1,500 words
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Page 6 Advertisements
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Advertisement435 1988-04-21 6 SUCCESSFUL CREDIT MANAGEMENT Today's competitive business environment dictates the giving of credit terms to increase sales. The implication is increased credit risk and increased probability of frauds. Yet this need not be the case if Credit Management is well organised to meet the challenge. With leading edge technology, Credit Management435 words
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Advertisement9 1988-04-21 6 11l BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 01069 words
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Page 7 Advertisements
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Advertisement205 1988-04-21 7 Page 7 Executive Decision Its Knoll or nothing at all. 4* m m m w m n m >- > m m m i > V« Ivt; r+Z+- PM i 4r i* 4b 4» I I A T so< T l. <*»•; *> 4 •i *<*► Tt W^%s <v m205 words
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COMMODITIES
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337 1988-04-21 8 Bernama MALAYSIA'S rubber output in February shrank by 24.6 per cent or 40,322 tonnes to 123,146 tonnes compared with January s production of 163,468 tonnes, the Statistics Department said. Compared with the year ago output of 143,841 tonnes, production in the month under reviewBernama - 337 words
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Article191 1988-04-21 8 Bernama COMMODITY DEALERS in Malaysia have described the current price fall in the various grades of rubber as healthy and normal. "There is a period for prices to go up and there is time for them to come down," said one of them. Another saidBernama - 191 words
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Article244 1988-04-21 8 Reuter SINGAPORE The market closed easier yesterday with May 1 RSS buyers quoted at 235.50 cents/kilo, down 1.50 cents from Tuesday's close, dealers said. They said prices opened steady at around overnight levels but thereafter eased slightly on lack of buying support and long liquidation of nearby forward positionsReuter - 244 words
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Article236 1988-04-21 8 R AS prices in S cents/kg, FOB in bal«a NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 237.00 238.00N 237.00 238.00N Int 1 RSS May 86 236.00 236.50N 235.50 236.50 Int 1 RSS June 237.00 237.50 235.50 236.50 (nt 2 RSS OP 235.00 237.00N 235.00236 words
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Article79 1988-04-21 8 (cann/kg) MAY •O OD CD JUNE 1988 (current month) (forward month) RAS NOON NOON ftuycn S«ll«ri Bvy*n S*lt»rj SSR 30 232.50 234.50N 232.50 234.50N SSR 50 231.00 233.50N 231.00 233 OON MRELB Buycrj S*H«rj S*ll*ri SMR CV 398.00 400 OON 399.00 401. OON SMR L 404.00 406.00N79 words
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Article323 1988-04-21 8 London Commodity Exchange Buyer/Seller dosing prices on April 1 9 !£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option OF London May 1100/1101 (1085/1086) High/Low 1102/1090 Jul 1119/1120 (1108/1109) High/Low 1120/1108 Sales (2394) Cocoa May 883/885 (877/878) High/Low 893/875 Jul 902/904 (891/892) High/low323 words
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Article141 1988-04-21 8 Reuter BUYING AT THE LOWER levels and a £5 dadina on Iha Europaan spot market sent the Kuala Lumpur Tin Market price two cents down to M 517.30 a kg, dealers said yesterday. Small bids of 15 tonnes were noted at Tueeday's level, while offers of 54 tonnesReuter - 141 words
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Article239 1988-04-21 8 Chinese Produce Exchange Sellers' noon doting prices on April 20 (SS/100 kg) Coconut oil Bulk FOB 106.00 Old drum FOB 116.00 Now drum FOB 120.00 Copra Mixed (loose) 59 sellers Pepper Mwfok whit# FOB NIW 1117.50 Sarawak white FOB foq NIW 1102.50 Sarawok special black FOB NIW 725.00239 words
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Article157 1988-04-21 8 Reuter CBT WHEAT futures closed on or near session highs on Tuesday with prices up three to two cents a bushel. May settled three cents higher at $3 14-1/4 Traders said wheat extended gains at the close on light commercial and commission house buying. The main sellers for theReuter - 157 words
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Article163 1988-04-21 8 Reuter CBT SOYBEAN futures rallied at the close on Tuesday and posted gains of six to 7-3/4 cents a bushel May settled up six cents at $6 72. Prices finished on or near session highs on steady commission house and professional demand, traders said. Lack of selling also helped,Reuter - 163 words
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189 1988-04-21 8 AP MALYSIAN Primary Industries Minister Dr Lim Keng Yaik has lashed out at British environmentalists for criticising Malaysian forest management policy and said they were unwilling to listen to reasoning. "They think they know everything about our policies and that we cannot manage our ownAP - 189 words
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Article405 1988-04-21 8 Bernama ES Reuter Total e/p OS at 1 IOOKrv 4454 contract. Tumovor: 753 k#v Oo«ing too*: Slightly »oii*c f/ p ud r? ,m f H tUr *Vf'? sed Bl 'fl ht, y eaBier in moderate trading on 1® 'i Dealers said the market opened higher in line CBernama ES; Reuter - 405 words
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Article327 1988-04-21 8 HONGKONG: Gold closed slightly higher yesterday on continued moderate buying by local investors following New York gains, dealers said. But they said the rally was stalled by late profittaking on news that US naval officers said clashes with Iran were over. Bullion ended at U*****.50/90 an ounce against327 words
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Article89 1988-04-21 8 THE MARKET drifted lower and looks set to decline a little. Closing prices for crude (FOB origin) USS/barrel I Dtonp* Topi. (Apr) 17.40 <adi Mine. (Apr) 16.40 -0J0 Dubai (May) IS JO -0.2S W«« T««o» WTI (May** 18.00 -0JS Yort alow protoei doy. Products (FOB S'pore) USS/bomt89 words
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129 1988-04-21 8 AFP THE DEMAND for coal in Japan and South Korea is likely to increase beyond official estimates, with Australia remaining a major supplier, Japanese and South Korean experts have I said. Toyoaki Ikuta. president of Japan s Institute of Energy Economics, told theAFP - 129 words
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Article420 1988-04-21 8 UPI OIL PRICES SKIDDED by as much as 70 US cents a barrel on Tuesday as the US suspended escorts of Kuwaiti tankers through the Persian Gulf and traders cashed in on profits made in the recent rally that swept world markets Analysts said theUPI - 420 words
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Page 8 Advertisements
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Advertisement98 1988-04-21 8 A Jt > Nibbles Cafe. To music lovers, the Imperial's Lounge, features the Rhythmic Trio from Tuesday to Sunday evenings. To dance lovers, the El Marocco discotheque pj ace or a bopping, stomping good time. And if it's a you want, t a one of our spacious, wellbanquet halls. 0098 words
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FOCUS
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Article, Illustration1055 1988-04-21 9 R&D helps companies develop profitable new products. The first article looks at research efforts undertaken by US. telecommunications companies and the second examines the adequacy of Britain's expenditure on R&D. NYT RESEARCHERS at the Nynex Corp, the parent company of New York Telephone and NewNYT - 1,055 words
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Article, Illustration535 1988-04-21 9 The Economist IN BRITAIN, the wailing of doctors, scientists and academics tor more government money to support pet research projects grows more piercing every day. Recently, a weighty House of Lords committee called for more public finance for medical research; andThe Economist - 535 words
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Page 9 Advertisements
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Advertisement79 1988-04-21 9 x :j m mgm America. Only United has same day arrivals anywhere in the USA. We are America's Friendly Skies. Our daily morning departures via Tokyo or Hong Kong wing you across the Pacific in time to enjoy the rest of the day in the States. Lunch on the West79 words
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PERSPECTIVE
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Article494 1988-04-21 10 THE ACRIMONIOUS New York primary campaign is over. And, finally, the Democrats have a reasonably clear frontrunner for the presidential nominee, Massachusetts Governor Michael Dukakis. Still, from a long-distance perspective, American politics appear to be suffering from a despairing lack of leadership. At the beginning of the494 words
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Article, Illustration1034 1988-04-21 10 Small firms have a place in the sun despite the fact that they have been relegated to the background because of government emphasis on foreign investments. According to a recently published study, small firms fared better than large corporations during the recessions in 1975 and1,034 words
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Article373 1988-04-21 10 SINGAPORE ENTREPRENEURS are likely to be people in their prime and well-educated, especially if they are in capital-intensive businesses, a survey of 146 firms shows. More than half of them fall in the 30-49 age group and over a third have tertiary education. There are373 words
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Article, Illustration766 1988-04-21 11 PATRICK SMITH - Insider trading: Will Tokyo's new laws mark an important step in the market's coming of age? By PATRICK SMITH IHT SOMETIME in the next few weeks, Japan s legislature is expected to pass new laws on insider trading in the stock market for the first timeIHT - 766 words
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Article, Illustration603 1988-04-21 11 MICHAEL POSNER - By MICHAEL POSNER Reuter MICHAEL DUKAKIS, a cool technocrat unknown nationally a year ago, now seems clearly on the road to clinching the Democratic presidential nomination with his victory in the New York state primary. The Massachusetts governor, the son of Greek immigrants, parlayed a well-financedReuter - 603 words
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Page 10 Advertisements
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Advertisement286 1988-04-21 10 These give you the highest-performance personal amputers. helps you protect that data with internal highspeed fixed disk drive tape backup systems. Another graphic example of Compaq total system performance comes from the COMPAQ Video Graphics System. This system supplies VGA graphics with high-resolution COMPAQ Color and Monochrome Monitors along with286 words
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Page 11 Advertisements
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Advertisement263 1988-04-21 11 These give you high-peraarmance personal amputera Intel* *****-20 Intel* *****-20 Intel* ***** 16 Intel* ***** 12 Intel* *****-12 COMPAQ personal computers offer far more than advanced, high-speed microprocessors. Each offers a combination of innovative features which work with the processor to maximize overall system performance. So there's nothing to slow263 words
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Page 11 Miscellaneous
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Miscellaneous658 1988-04-21 11 CRYPTIC PUZZLE ACROSS 1 Stumble on the journey to town (4, 2) 7 Nominal fruit of the day (3-5) 8 A dead repetitive bird (4) 10 The best plant to be in (6) 11 Nearly a one-man majority! (6) 14 Like some pristine washing machines (3) 16 Little men (5)658 words
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SPORTS & LEISURE
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Article, Illustration868 1988-04-21 12 AP KEVIN McHALE matched his season high of 33 points and Robert Parish scored 25 as the Boston Celtics defeated Detroit 121-110 in Boston on Tuesday and won the battle over the Pistons for home court advantage throughout the NBA s Eastern Conference play-offs. BostonAP - 868 words
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Article, Illustration163 1988-04-21 13 AP BARRY McGUIGAN, the former world featherweight boxing champion, says he can no longer wait to discover if he still has the ability and mental strength to get back to the top. One weight division higher, McGuigan was scheduled to step into theAP - 163 words
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Article, Illustration565 1988-04-21 13 WALTON MORAIS - Former champ knocked out By WALTON MORAIS DECLARING "I would like to win a tournament before I retire", 31-year-old Dianne Balestrat survived a marathon three-set struggle against Britain's Clare Wood to book a quarter-final berth in the DHL Singapore Women's Open tennis championships last night.565 words
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Article, Illustration430 1988-04-21 13 DHL's sponsorship of the Singapore Women's Open should come as no surprise as the company is already supporting other high-profile events here, such as the Businessman of the Year award. It was also the official courier to the 1984 Los Angeles Olympics. Speaking430 words
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299 1988-04-21 13 AP BRITISH Prime Minister Margaret Thatcher, in her first public comment on the affair, has denounced as "repugnant" efforts by the leaders of world track and field to put an end to the running career of South Afri-can-born Zola Budd. As she spoke in ParliamentAP - 299 words
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Article154 1988-04-21 13 AP INTERNATIONAL SPORTS must keep "moral pressure" on South Africa in the fight against apartheid, the top official of world tennis says. Philippe Chatrier, president of the International Tennis Federation. said in Paris on Tuesday that athletes alone could not dismantle the system of racial separationAP - 154 words
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110 1988-04-21 13 Reuter SAIL AMERICA Foundation, manager of the San Oiego Yacht Club's defence of the America's Cup, has denied reports it has agreed to allow Briton Peter de Savary to challenge for the cup in September. "Britain's inclusion is still under discussionReuter - 110 words
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Article50 1988-04-21 13 AFP INDIA. Holland and New Zealand will take part in a four-nation men's hockey tournament in Australia in July An Australian official in Hobart said yesterday that India would send an under-21 team while the other three countries would field their full national sides AFPAFP - 50 words
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Article, Illustration578 1988-04-21 13 AP FOR BORIS BECKER, it was a case of deja vu But Ivan Lendl and Mats Wilander are not hoping to follow him. It was just like last year for Becker as he was ousted from the U*****,500 Monte Carlo OpenAP - 578 words
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Page 12 Advertisements
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Advertisement959 1988-04-21 12 4 COURVOISIERXO-Where to eat, dr»nlf. FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.00 6.00 pm) in The Lounge. Watch our models parade the latest collections 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 at959 words
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Advertisement171 1988-04-21 12 muisi Catch the excitement and fever of Singapore's richest annual fashion and glamour event. SEMI-FINALS Model of The Year April 26,29 Male Model of The Year May 3,6 Discovery of The Year May 10, 13 (all starting at 9 pm) HIM I For reservations call *****11 ext 721, The management171 words
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Page 13 Advertisements
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Advertisement610 1988-04-21 13 and entertain 4 übertmt d>rill m vt J Roast Duckling for Two just for you. At only $22.50 per person. Our special for April is Roast Duckling for Two, carvea with an expert hand at your table siOe. served with a rich Rum Sauce. Young Ginger. Buttered Brussel Sprouts. Young610 words
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Advertisement30 1988-04-21 13 Business Times Junior Tennis Clinic I would like to participate in the BT Junior Tennis Clinic j (Send reply to Australian Sports Marketing, Orchard Point P.O Box 279, Singapore 9123)30 words
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Page 13 Miscellaneous
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Miscellaneous6 1988-04-21 13 iVENINO STANOAAO CO LTD IM2- 1M«6 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4714 1988-04-21 14 DESPITE the lack of positive leads from Wall Street, the Singapore stock market yesterday rebounded to the highest close so far this week. From the outset, bargain hunting drove share prices higher on a broad front. Brokers said the rally in the Tokyo stock market4,714 words
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Page 14 Advertisements
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Advertisement12 1988-04-21 14 Unit trusts table, Page 15; Business done on the SES, Page 1512 words
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COMPANY NEWS
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Article124 1988-04-21 15 VIDEO-TAPE manufacturer Elec-tro-Magnetic (S) Pte Ltd has scheduled a promotion today to launch the public offer of its shares. This confirms an earlier BT report about its impending public listing. DBS Bank, Electro-Magnetic s manager and underwriter, is keeping a tight lid on details so tight that124 words
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345 1988-04-21 15 ROSIE TAN - By ROSIE TAN UNITED Sembawang Enterprises Ltd (USE) a trading and investment company whose shareholders are Sembawang Shipyard Ltd. the UOB group and East Pte Ltd hopes to capitalise on the combined strengths of its partners to tender for huge turnkey projects, chairman345 words
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Article3663 1988-04-21 15 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,663 words
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Article142 1988-04-21 15 JA7 PffB Jopon Gf Fund 1 60 1 65* Shenton Thrift Fund 080 080 UOB Management 0825 0825 Unibond 1005 103 MARA-Bumiputra First B'putro 60S 6 10 Second B'putro 523 528 Third B'putro 4 IB 423 fourth B'putro 454 459 Fifth B'putro 2 50 2 55* S«*th B'putro142 words
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Article120 1988-04-21 15 OVERSEAS UNION SECURITIES Limited: 11th AGM at the Mandarin Court A', Mandarin Hotel, Orchard Road. Singapore 0923 tomorrow at 11am. UNITED INTERNATIONAL SECURITIES Limited: 18th AGM in the Board Room of United Overseas Bank Limited. 30th Storey. UOB Building. No.1 Bonham Street. Raffles Place. Singapore 0104 on Saturday.120 words
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Article, Illustration489 1988-04-21 15 LONG SHIH ROME - By LONG SHIH ROME WHEN Keppel Corp chairman Sim Kee Boon first joined the group in April 1984. one of his first priorities was to reduce the group s massive debt burden a legacy of its 1981 expensive takeover of the Straits Steamship. Today, the widely-diversi-fiedSource: Annual Report 1987 - 489 words
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377 1988-04-21 15 PROPERTY and related activities contributed to 80 per cent of the Straits Steamship group's pretax profits of $17 million last year. Not surprisingly, the group is focusing its development plans on the property sector, particularly in Singapore and Australia. In its annual report released yesterday.377 words
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338 1988-04-21 15 ALTHOUGH Lion Corps Singapore shareholders strongly opposed the company's proposed purchase of Fay Richwhite's Nathan shares, they did not seek a preliminary injunction to stop the meeting approving the merger, the New Zealand High Court heard yesterday. Malayan Breweries Ltd and Fraser Neave Ltd.338 words
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215 1988-04-21 15 SINGATRONICS LTD. which recently reported a doubling in after-tax profit to $9.60 million last year, said its improved performance was due to its decision to invest in Surface Mount Technology and the introduction of its latest Cuffless Blood Pressure Monitor as well as cost-cutting measures.215 words
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Page 15 Advertisements
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Advertisement152 1988-04-21 15 Let The Prince take care of you. You could even do the Emperor's Waltz in it t The Pnnce, Kuala Lumpur, there's nothing 'standard' about our rooms except in name Each standard room is extra-spacious compared to other international class hotels Then there are the fittings. A massageshower in every152 words
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REGIONAL MARKETS
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371 1988-04-21 16 AFP Reuter KEVIN PARRY, the man who headed Australia's unsuccessful bid to keep the America's Cup last year, has suffered the biggest blow of his corporate career. The multi-million dollar backer of the taskforce syndicate was ousted on Tuesday as chairman and chiefAFP; Reuter - 371 words
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187 1988-04-21 16 Reuter CANON INC has agreed to set up joint companies in China with two state-owned Chinese firms that make copying machines The company hopes to start operating a joint venture with Zhanjiang Copying Equipment Corp by the end ofReuter - 187 words
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140 1988-04-21 16 AFP LEPANTO Consolidated Mining Co is forming a US$l9B million joint venture with Galactic Resources Ltd of Canada to develop a gold and copper deposit in the northern Philippines. The venture, to be called Gallepanto Mining Corp, is expected to yield US$l,6ll billion inAFP - 140 words
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Article193 1988-04-21 16 Reuter ELDERS RESOURCES Ltd managing director Geoff Lord plans to restructure radically NZ Forest Products Ltd, once a complex reverse takeover of Elders by the Forest Products is complete. "It s going to be a .airly turbulent year," Mr Lord said of his 12- toReuter - 193 words
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Article3268 1988-04-21 16 THE KUALA LUMPUR stock market advanced for the second session running yesterday in active trading. Blue chips and plantation counters led the pack of winners with selected counters achieving doubledigit gains. Touched off by the recent depressed prices, widespread bargain hunting was the order of3,268 words
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Article1504 1988-04-21 16 Hongkong Reuter HONGKONG share prices closed lower yesterday, depressed by profit-taking and the lack of new incentives. brokers said. The Hang Seng Index ended the day 15.49 points lower at 2.578 44 after a 13-point gain in the morning The broader based Hong Kong Index lost 9Reuter - 1,504 words
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Article132 1988-04-21 16 APR 20 WON Cheil Sugar ***** 100 Daelim Ind ***** 100 Daewoo Corp ***** 300 Daewoo Heavy ***** 600 Daishin Securities ***** 300 Dong Ah Phar ***** -400 Dong Suh Slock ***** -400 Dongbu Steel ***** 100 Gold Star ***** 700 Hanil Bank ***** •150 Hanil Cement ***** unch132 words
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Article432 1988-04-21 16 Reuter TOKYO share prices closed higher yesterday due to active bargainhunting following three downward sessions, with bullishness prevailing despite a floundering Wall Street and dollar, brokers said. "The Tokyo market has come off quite a bit." said Mr Stephen Codrington, head of equities at Jardine Fleming. "Investors with aReuter - 432 words
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Article422 1988-04-21 16 THE AUSTRALIAN share market closed sharply lower yesterday in response to yesterday's larger than expected current account deficit for March. Brokers said news the deficit had blown out to Asl.lB billion from AsBo2 million in February saw stocks pushed down across the boards. Further falls on Wall Street overnight422 words
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Article160 1988-04-21 16 Reuter THE SECURITIES Exchange of Thailand Index rose 8 53 points to 392 55 yesterday on a turnover of 5.420,750 shares valued at 602.39 million baht. AMI 20 BAHT Ao Kham Thai 185 4 Ayudhya invastmant 400 -8 Bangkok Agro-lnd 138 *3 Bangkok Bank 329 4 Bank Of AyudhyiReuter - 160 words
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Article245 1988-04-21 16 AMI 20 WT t All Si icere Indus 347 0 19 Asia Cement 77 00 -1 Cathay Cons 84 50 -05 Chang Hwa Bank 367 00 *9 Cheng Loong 68 00 -05 Chia Main Cement 62 00 -05 Chin Hsin Flour 21 90 -01 China Cham 38 50 -02245 words
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Article86 1988-04-21 16 APR 20 pesos Acoie Mining Anglo Ptiil 0 01 -0 002 Ap«» Mining B 0 027 -0 002 Atta* Con B 24 -05 Btguio Gold B«*ic Petroleum 0 016 -0 001 Benguet Con B 85 12 First Phil Hk)g» (.•panto B 048 -0 02 Marcopper Marst«*l Mm b 086 words
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Page 16 Advertisements
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Advertisement318 1988-04-21 16 PILECON PILECON ENGINEERING BERHAD (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Eleventh Annual General Meeting of the shareholders of the Company will be held at the bround Floor Theatrette, Bangunan MIDF, 195 A Jalan Tun Razak Kuala Lumpur on Friday, 13th May 1988318 words
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WORLD MARKETS
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Article960 1988-04-21 17 New York Reuter WALL STREET stocks closed lower on Tuesday after late selling wiped out gams, especially in the blue chips. Floor sources said the late selling was touched off by light program action as well as a drop in the bond market. Blue chipsReuter - 960 words
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Article1006 1988-04-21 17 London Reuter LONDON EQUITIES continued dull at the official 0800 GMT opening yesterday, after a lower close on Wall Street on Tuesday where the Dow Jones Industrial Average ended just shy of 2,000, dealers said. They also noted fading hopes that the UK authorities would sanction anReuter - 1,006 words
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Article1293 1988-04-21 17 Selected indices HONGKONG Hongkong Index Wednesday 1,696 25 Tuesday 1.***** Week 090 1.756 13 Hang Seng Index Wednesday 2.578 44 Tuesday 2.***** Week ago 2.671 24 All Industrials Wednesday 2.283 6 Tuesday 2.3185 Week ago 2.352 1 NEW YORK Dow Jones Tuesday 1.999 50 Monday 2.008 12 Week ago 2.*****1,293 words
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Article74 1988-04-21 17 Reuter ALARMED by a recent spate of Swiss corporate takeover battles, the country s two biggest chemical companies are planning to tighten restrictions on who can hold and vote their shares Analysts said CibaGeigy AG would ask shareholders to approve a cut to 2 per cent fromReuter - 74 words
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305 1988-04-21 17 Reuter BRITAIN gave permission on Tuesday for the first foreign stock market to operate in London s financial district alongside established British institutions. Stock market analysts said the move, resisted by some members of the London Stock Exchange, was likely to be seenReuter - 305 words
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238 1988-04-21 17 FT SOLVAY, Belgium's largest chemicals company, on Tuesday unveiled a 22 5 per cent increase in 1987 net profits and announced that investors are to get a one-for-20 share bonus to celebrate the company's 125 th anniversary. Baron Daniel Janssen, group chairman, attributed theFT - 238 words
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226 1988-04-21 17 Reuter ART AUCTIONEER Sotheby's said it had filed documents with the US Securities and Exchange Commission (SEC) to proceed with a share sale to the public, a plan derailed after October's stockmarket crash The offering will probably take place next month, a company spokeswomanReuter - 226 words
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Page 17 Advertisements
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Advertisement524 1988-04-21 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LIAN HUR ELECTRICAL HARDWARE ENTERPRISE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at No. 63 Jalan Pemlmpln #02-03 Pemlmpln Industrial Building on 15th April524 words
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Advertisement382 1988-04-21 17 t THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE SWISS INN RESTAURANT PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary Genera] Meeting of the Company duly convened and held at No. 63 Jalan Pemimpln #02-03 Pemimpin Industrial Building on 15th April 1988. the382 words
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Advertisement334 1988-04-21 17 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PENTA INTERNATIONAL HOTEL MANAGEMENT PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at No. 63 Jalan Pemlmpln #02-03 Pemlmpln Industrial Building on 15th April 1988. the334 words
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Advertisement387 1988-04-21 17 IN THE NEW MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WAH KWONG SENG KEE CONSTRUCTION PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at No. 63 Jalan Pemimpin #02-03 Pemimpin Industrial Building on 15th April387 words
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Advertisement210 1988-04-21 17 MARCH AND ENTERPRISES PTE LTD (incorporated in the Republic of Singapore) (in Voluntary Liquidation) i NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act Cap 50 the Fin* Meeting of Members of the Company will be held on Tuesday 24th May. 1968210 words
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303 1988-04-21 18 SHOEB KAGDA - By SHOEB KAGDA LEADING Japanese chemical maker Mitsui Toatsu Chemicals Inc has picked Singapore for its first regional headquarters outside Japan. The Singapore office, Mitsui Toatsu Chemicals (Asia) Pte Ltd. or MTC (Asia), will consolidate the activities of the company's six303 words
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186 1988-04-21 18 MBT PERMODALAN Nasional Bhd, the investment agency of the Malaysian government, has transferred its interests in a number of companies to the Amanah Saham Nasional (ASN) scheme in a reorganisation of its investments. These comprise 24.5 million shares (loan stock) in UMW Holdings,MBT - 186 words
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134 1988-04-21 18 Bernama ES PENINSULAR MALAYSIA'S trade surplus rose further to MJ593.4 million in January, up M 5197.1 million or 49.7 per cent from M 5396.3 million a year ago, the Statistics Department has said. January export rose 39.6 per cent to M 53,415.3 millionBernama ES - 134 words
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232 1988-04-21 18 THE AREA around the US Embassy at Hill Street was cordoned off for four hours yesterday morning after a mysterious parcel was found in a ladies' toilet. Police said the parcel was later found to contain items which made it look232 words
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303 1988-04-21 18 AP OFFICIALS of President Ronald Reagan's administration on Tuesday blamed restrictions by other governments for much of the US$l2 billion deficit in sales of electronic products. Of this deficit, US$2.6 billion was in telecommunications equipment. "Foreign-based companies legally have freeAP - 303 words
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127 1988-04-21 18 AP SOUTH KOREAN Prime Minister Lee Hyun-Jae yesterday ordered a crackdown on violence during campaigning for legislative elections as 23 people were injured in new clashes. He issued the order after an emergency meeting with top law enforcement and government officials, including the ministers ofAP - 127 words
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402 1988-04-21 18 MBT CORPORATE EARNINGS in 1987 showed a distinct improvement, reflecting better economic conditions and higher commodity prices. Based on the end-De-cember 1987 full-year results (both audited and preliminary) of 69 listed companies received up to April 15 this year, gross earnings have shown an averageMBT - 402 words
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198 1988-04-21 18 AFP JAPAN yesterday said it regretted the European Community's decision to impose anti-dumping duties on Japanese electronic typewriters and weighing-scale parts assembled in Europe, official sources said. The sources said the decision raised serious questions of violating the rules of the GeneralAFP - 198 words
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566 1988-04-21 18 MARTIN SOONG - By MARTIN SOONG THE HOME AFFAIRS MINISTRY yesterday said the ex-detainees who on Monday publicly dented being Marxist revolutionaries were re-arrested because it is extremely likely they will return to conspiring to overthrow the government. A statement last night said eight566 words
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225 1988-04-21 18 TUESDAY'S Internal Security rearrests of eight ex-detainees and their lawyer drew comment from the Law Society yesterday. A statement from the Law Society's executive council said the re-arrests of the eight ex-detain-ees appeared to be "directly related" to Monday's open letter, in which they publicly225 words
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Article83 1988-04-21 18 COMEX silver futures traded quietly higher early yesterday following fluctuations in the gold market, traders said. May delivery traded up 0.5 cent to U556,470 after trading between US$6 535 and U556,470. Silver sagged to traded lows tracking a similar movement in gold following the release of a 0.583 words
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LATE FILE
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Article42 1988-04-21 18 Reuter THE ITALIAN GOVERNMENT will present to Parliament by the end of May a detailed programme to improve the state of the country's public finances, Treasury Minister Giuliano Amato said at a conference in Rome yesterday. ReuterReuter - 42 words
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48 1988-04-21 18 Reuter FIGHTING inflation remains the basis of West German monetary policy. Bundesbank president Karl Otto Poehl said in Frankfurt yesterday. He added that there was an increased need for international cooperation in economic and currency policy, but good economic policy began at home. ReuterReuter - 48 words
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Article35 1988-04-21 18 AFP BRITAIN posted a budget surplus of £3.575 billion for the 1987-68 fiscal year which ended on March 31, the country's first surplus since 1969-70. The surplus far exceeded official forecasts.AFP - 35 words
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Article37 1988-04-21 18 AFP CHINA posted an impressive economic growth rate of 9.3 per cent in 1987 due to economic reforms but suffered higher inflation as well, the Asian Development Bank announced in Manila yesterday.AFP - 37 words
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Article34 1988-04-21 18 Reuter THE BANGLADESHI budget for 1988/89 starting July 1 will aim at arresting inflation, promoting investment and minimising deficit financing, Finance Minister Mohammad Abdul Munim said in Dhaka yesterday. ReuterReuter - 34 words
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Article45 1988-04-21 18 AFP THE LAOTIAN Parliament yesterday passed a law on general elections at a oneday extraordinary session, the state-run KPL news agency reported. Laos has not adopted a Constitution under the Pathet Lao communists, who have not held general elections. AFPAFP - 45 words
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Page 18 Advertisements
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Advertisement24 1988-04-21 18 The touch of the master designer. &J£T Made m Swttzertand <OMtdusof<Svitzer(an£> mHm m 6. Scotte Road. #01 16 Scotte. (nwmbarM SrwortoaZ2 T«*phcn» 737J7W NUW|24 words
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Advertisement9 1988-04-21 18 Curb on import* from Taiwan and Japan, Pag« 39 words
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Advertisement80 1988-04-21 18 THEBANK OF CANTON We've changed our name... For 35 years you have known us in Singapore as The Bank of Canton. Now, after working closely for many years with our parent company Security Pacific Bank, one of the ten largest bank holding companies in the U.S., we are moving into80 words
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SHIPPING TIMES
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Article, Illustration518 1988-04-21 19 LINDA CHEE - By LINDA CHEE FASTER turnaround times are in store for feeder operators. The Port of Singapore Authority will bring in two high-speed container quay cranes early next year specially for handling feeder containers. Once delivered in March, they will speed518 words
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Article311 1988-04-21 19 Lloyd s List A MAJOR fleet expansion programme which is likely to involve 22 newbuildings over the next few years is planned by Petroleos de Venezuela. The state-owned oil company hopes to order 18 crude oil tankers, each of 100,000 tonnes deadweight, and four liquefied petroleumLloyd s List - 311 words
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235 1988-04-21 19 Vonnie Bishop - From Vonnie Bishop HONGKONG'S Orient Overseas Container Line is making a bid to attract more business from smaller shippers by reducing rates on 17 export items to the United States With effect from April 19. OOCL has modified its rates for235 words
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Article166 1988-04-21 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): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Ori«nt Overseas Container Line Cho Yang shipping ANRO (STRAITS/AUSTRALIA): Australian National Line Australia Straits Container Line166 words
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121 1988-04-21 20 THE PORT of Rouen is to invest Frs9os million during the next five years in a bid to upgrade productivity, improve access routes and reduced future costs of maintaining the Seine channel. Rouen's Port Authority would provide Frs36o million towards the project with the French121 words
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496 1988-04-21 20 "A, Transport Fairplay BY MERGING its liner and non-liner divisions, the East Asiatic Company (EAC) took steps in August last year to rationalise the shipping activities. With this restructuring, a new name the EAC Transport Division has been created The centres now oversee theFairplay - 496 words
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Article150 1988-04-21 20 A P MOLLER subsidiary Maersk Line has started its nine-vessel weekly North Atlantic venture with the naming of the first of the new container ships. The 3.900 TEU Marchen Maersk, built at the Odense yard in Denmark, is set to become one of the largest150 words
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Article792 1988-04-21 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Inf'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API •II 2/3 Arrow Lines IX 5 ASCI III792 words
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204 1988-04-21 20 VONNIE BISHOP - From VONNIE BISHOP in Hongkong FOLLOWING protest from both the International Shipping Federation and the Hongkong Shipowners' Association, the Philippine government has dropped its stipulation that alien seamen visiting any port in the country must present an Aids clearance certificate. The director of the204 words
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309 1988-04-21 20 Kingsley Wood - From Kingsley Wood DESPITE efforts to hose down the industrially volatile Australian maritime industry, disruptions continue to affect shipping and vital exports. At the Robe River port of Cape Lambert police were called after two tug crews barricaded themselves aboard their ships309 words
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Article97 1988-04-21 20 AP ORDERS received by Japanese shipbuilders in fiscal 1987 for exports increased for the first time in four years, the Japan Ship Exporters Association said. An association official said the builders received export orders during the fiscal year, which ended March 31, for 104 shipsAP - 97 words
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Article, Illustration566 1988-04-21 21 AMERICAN President Lines's (APL) first post-Panamax generation container ship, President Truman, is to enter service in Hongkong next month. A sistership. the President Kennedy, will follow in July and by the end of the year, all five new ClO-class vessels in APL's566 words
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Article226 1988-04-21 21 ALL SURVEYS were conducted on April 4 Argentina Buenos Aires Normal operation. Bahia Blanca Waiting time of up to two weeks. Australia All ports Normal operation. Bangladesh Mongla 10 vessels operating. Chittagong 25 vessels operating. Brazil Salvador and Santos Normal operation. Cameroon Douala Normal operation. Canada Vancouver (British226 words
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207 1988-04-21 21 Lloyd's Maritime Asia THE INDONESIAN government is planning to build two new dry ports in east Java and Central Java. The two new projects will be similar to the dry port in Gedebage in East Java, used for export goods in transitLloyd's Maritime Asia - 207 words
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8825 1988-04-21 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.8,825 words
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Article126 1988-04-21 26 Area/Port Viscosity Density Wster CST st 50C G/ML st 15C Volume 0/0 Africa/Red Sea Jeddah 154/186 0.949/0.956 0.0/1.4 Durban 119/179 0.989/0.993 0.0/0.3 Arabian Gulf Ras Tonura 164/164 0.950/0.950 0.9/0.9 Bahrain 182/182 0.977/0.977 0.1/0.1 Europe Rotterdam 27/478 0.944/1.011 0.0/1.0 Hamburg 36/363 0.952/0.990 0.0/0.5 Le Havre 59/359 0.946/0.987126 words
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Article1251 1988-04-21 27 AT CONVENTIONAL WHARVES j 12 21 04 1700 2304 0700 23 04 0700 22 04 1500 21 04 1930 22 04 2300 Vessel Berth Arrival Departure P»chit So«u» Sonto ®oso 1 SoHiwol Eiprfts a 3 J12 a 21 04 0730 21 04 1530 21 04 0700 KEPPEL1,251 words
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Article1258 1988-04-21 28 INCREASED grain chartering is reported out of the US on Tuesday but the rate structure continues to show an easier tendency, shipbrokers said The lower level of US$l2 50 was reported paid from the US North Pacific to Taiwan basis 55.000 long tons and tonnage was said to1,258 words
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Page 19 Advertisements
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Advertisement699 1988-04-21 19 TIMES STP Distributors I' OOCL Or/cni OvmjtAS CoxUimt Line W\ll/ Jardines MM JARDINE SHIPPINC AGENCIES (R*| No 242K4/ OOK) 200 Cantonment Road #12 05 Southpomt, Smppore 0208 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHO PORT KELANG699 words
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Advertisement63 1988-04-21 19 BY MERGING its liner and non-liner divisions, the East Asiatic Company (EAC) took steps in August last year to rationalise the shipping activities. Page II AMERICAN President Lines's (API) first post-Pana-max generation container ship, President Truman, is to enter service in Hongkong next month. Page 111 Index to advertisers II63 words
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Advertisement690 1988-04-21 19 *°v TIMES STP Distributors Tim** Putohmhmg Croup MAERSK LINE THE SHORTEST DISTANCE BETWEEN TWO POINTS IS MAERSK LINE vo, SPOT. fTW To Europe— UK Scandinavia Finland arthur m aaoe anna m aaoe m tacoma aaoe M ROTTERDAM 880e anoers m aaoe AXEL M aaoa M Hando M Rando M Rando690 words
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Page 20 Advertisements
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Advertisement808 1988-04-21 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT TOKIO EXPRESS LA SEINE HAMBURG EXPRESS KOWLOON BAY BENAVON OSAKA BAY P KELANG SOUTHAMPTON 25/4 13/5 26/5 1/5 20/5 6/5 23/5 13/5 31/5 19/5 7/6 HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN, AARHUS. GOTHENBURG. MALMO HELSINKI808 words
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Advertisement28 1988-04-21 20 h ,ne l and servj ces represented bv Sh.n^ erS ,he Re 9' str V of Accredited ?S' n9 A 9ents Sin 9apore National U Shipping Association. V28 words
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Advertisement360 1988-04-21 20 CHARGEURS REUNIS f DIRECT SEMI CONTAINERISED SERVICE TO WEST AFRICA FEEDER VSL A VSL SINGAPOBf EKOUIP1ES ******4 FAX 225S«51 MOTHER VSL CD LIBREVILLE IT* MARSEILLE 2MB POINTE A-P1TRE vm FORT-DC FRANCE DCGRAD-DES-CANNE OMX 13AM Optorg Shipping Pte. Ltd Port Keiang *****01/2/3 Petalmg Jaya 756?593'7!>7S603 Penang *****5 E L M A360 words
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Page 21 Advertisements
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Advertisement1115 1988-04-21 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd P&O Containers jCONTAINERSHIP SERVICE TO UK/CONTINENT TOKIO EXPKES LA SCINE HAJMUftC EXPRESS XOWIOOK BAT KNAVOM OSAKA BAY LA FtltOUSl LARGS BAT 13/P5 15/05 ***** IMB 2MB 23/08 IMS IMS 170$ 22.05 IMH 21/05 2305 24/05 2MB 210$ 2MB 2705 2H» MAS1,115 words
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Advertisement645 1988-04-21 21 EUROPE vessel KOREAN SEMTM OELSIAN SEMTM REV TMK SEMTM JAPAN SEMTM OF ON 22.04 21. R5 05.M II 06 IIJ6 SENATOR LINK 04 06 UN 17 M d VESSEL OREHEN SEMTM ASIAN SEMTM AMERICAN SEMTM SIRCAPORE SEMTM G«n*ral Aa*nt EE IM EE Ml 111.14 EE 111 117.14 EE 111 123.04645 words
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Page 22 Advertisements
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Advertisement449 1988-04-21 22 mSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI EL ISA DYO Singapore 30/5 2*4 Loading tor BANDAR ABBAS BANDAR ABBAS IKjrOWAi KYOWA LINE PNC/S. PACIFIC SERVICE Singapore Loading for: K VESSEL 10/5 LAE. PMB, RBL, HRA MICRONESIA SERVICE HK OCEANIA EXPRESS V-13 4/5 OCEANIA449 words
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Advertisement638 1988-04-21 22 JS.S.L.INE IHH smrriK C**H*A utm FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Member ol thr <ce Consortium ACE CONCORD 14W ORIENTAL CHIEF HW TRANSWORLD BRIDGE 40W NEPTUNE DIAMOND 75W NEPTUNE CRYSTAL 45W CHINA CONTAINER 45W S port LeMavre Fslowt Rdw H'bur| B ha»en 2*14 12/5 13/5 14/5 16/5 17/5 1/S638 words
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Advertisement345 1988-04-21 22 TA FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO DUBAI: SAILING 6/5 FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA ALGIER ft ISTANBUL U.S.A. PAPUA NEW aiIIMFA »*D T «r RESB¥ ABUAL FIJI ISLAND! SUVA/LAUTOKA 21/5 NOUMEA 21/5 AUSTRALIA/ NEW ZEALAMn SIN ADELAIDE345 words
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Advertisement1040 1988-04-21 22 r rSHIPPING TIMES, Thursday, April 21, 1988 m EVERGREEN Full Contjirwr Service _RourTd-The-World East Bound (FE/CARiB/USEC/EURQ/FE) EVER GRAND Sf 71 °S *2 S CMS EVE* GLAMOUR |/5 12/5 n/5 14>5 17* Jt!i J}' EVE* GENERAL 14* HA 21* *2 25 12 ™sr*G s! *1a s 1 GAINING »5 1H 2*1,040 words
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Page 23 Advertisements
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Advertisement937 1988-04-21 23 i r PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VOY SIN jkt sbv VOY SIN pgo hko kao kee htc vok ngo kob bus MSB SLD SLO SLD 10NB 2S/4 30/4 1/3 7/5 S/5 10/3 IMB 23/4 M/ 4 26/4937 words
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Advertisement530 1988-04-21 23 BENLIKE CONTAINERS EXPRESS CONTAINER SLRVICE TO UK/CONTINENT HAVEN ROAM HAVRE M M 11* UH 24rt 2M art 2M EXPRESS CONTAINER SERVICE FRO** UK/CONTINENT HAM Km.toon 111 Sa M Thjnwt Mam Sail* Sail* Dull lay Sa iM Kitana Haru SaM City of tdintouffti Sana* Lac|» Ba» 21/4 liprau il< Kamakura Ma'u530 words
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Advertisement576 1988-04-21 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYI P.T. KSWH LLOYD P.T. SAMUBtM MDODBtA P.T. TtIKOM LLOYI SEMI CONTAINERSNIP SERVICES SINGAPORE TO EOROPE VSL/VOY S PORE BILBAO ANTWERP H BURG/ ROAM/ADAM BREMEN LJ. BONTANG/14WB 1-3/5 9/6 12/6 SRIWIJAYA/23W8 10-U/S 20 6 24/6 OCEAN PRIRA/IOWB 20-22/5 30/6 3/7 PALEMBANG-9WB 3-5/6576 words
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Advertisement380 1988-04-21 23 Page V BOUSTEAD SHIPPING AGENCIES I** BURMA FIVE STAR BHIPPINB aMMMg I (Burmese National Line) S pore HTONEYWA V2MW BASSEIN V« LOtRAW 27/H Apr PAGAN VI27W 30 AarTMj. AVA V/M '.X* Loading for Rangoon P.Kelanj Penang Bangkok 22/24 Apr I Z £3 BANK LINE v\ SSMI-CONTAINPR SERVICE NORTHBOUND TO UKC380 words
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Page 24 Advertisements
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Advertisement715 1988-04-21 24 Klin* KAWASAKI KISEN KAISHA. LTD. RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH VIA FEEDER FEEDER VESSEL VO RAINBOW BRIDGE 12 NEPTUNE GARNET 14 ORIENTAL FREEDOM 19 ORIENTAL FAITH 8 N. AMERICA-ATLANTIC COAST VOV *INDO 12 18/4 VOY LB 11 16/3 •PK/PNG715 words
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Advertisement432 1988-04-21 24 Accepting LCL and contalnorlood urgoM Direct to South Africa NEOUOYD COLOMBO 5234F OSAKA MARU 5339F VIRGO 0301F HAYAKAWA MARU 5037G VENTO 0106 VAAL 51 JSC NEDLLOYD COLOMBO 5234 C S'pora Durban P.Eliz C.Town 21/4 11/5 13/S 17/5 10/5 0/5 25/3 21/5 17/5 11% 6/6 5/6 m J»rri JARDINE SHIPPING AGENCIES432 words
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Advertisement825 1988-04-21 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore p Keiang Penang loading for Mothe* Vtl By c eede< By feeder ORIENT SUCCESS V 1« TIGER BAT V 35 A VESSEL ORIENT SUCCESS V 107 SO MANIPUR V 37H TIGER BAY VX INDIAN COURIER V JON ORIENT SUCCESS V 101 S825 words
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Advertisement770 1988-04-21 24 GOLDEN LINE WKtV GUAN GUAN SHIPPING (PTE) LID J3, Ttio» Ait Strwt K -—--4 SINGAPORE 0104 TEL U4JM (10 LINES) fil SM3SO4 STRAITS/PERSIAN GULF SERVICE: Sport PKeton, Pew* GOLDEN BEAR CoWnDo Karachi Dubai 17/11 May GOLDEN HARVEST Colombo Karachi Dubai 1/9 June CHINA SERVICE DAI TUN SHAN Dahao 27 30770 words
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Advertisement499 1988-04-21 24 SHIPPING TIMES, Thursday, April 21, 1988 PHILI Oni€NT LIN€S PT€ LTD HEAD OFF ICE 63 ROIiNSON ROAD -0? 1? AFflO ASIA BUHDING S'NGAPORE 01C5 TELf* RS ***** PHILI FA* ??***** w. us tft. tft m W WW H KONG ROM KFEIUNG yTrv EAST AFRICA/MEDITERRANEAN SERVICE TBN 2»/4 UK EUROPE SERVICE499 words
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Page 25 Advertisements
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Advertisement810 1988-04-21 25 4\ 4 7 I B NEPTUNE AGENCIES PTE LTD fl lU/AUST TP A/SEA General Enquiries: Tal: *****77 T Jj£*« g* bookings max j?mm I H nian musj 27*0119 77*1 P Kelant NEPLINE SON BHD 3CMI7 *****11 ***** a K Lumpur NEPLINE SON. BHD. *****33 INWAPD/OUTYIARD U NEPTUNE OR ENT ITD810 words
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Advertisement421 1988-04-21 25 HEUNC-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE W«Ml'« Name ETO BS BKK No I Donam/K3N 05/04 17/04 •Clofii/WN 14/04 21/04 ITO BS BKK S PORE PKELANC BUSAN 05/04 17/04 24-21/04 27-21/04 o>/05 1404 21/04 01-0305 04-05/05 19/05 •Clor.a/MHN 14/04 2SAM 01-03/05421 words
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Advertisement895 1988-04-21 25 Page VII SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lin#o Terminal •twwMm wna'nc Address SINS0V SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** ffSSfe srsu. CO so. .«o PASIR GUOANG F B SHIPPING ACENCY SON BHD Malarw 95-A, iln Meranti895 words
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Page 26 Advertisements
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Advertisement384 1988-04-21 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 L.nes> FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE 1 ■a| ID rry ,A l rn *CA Accepting cargo (or Lattakia, Piraeus, Thessalon.k,, Um.r, Istanbul Mersin, Limassol, Beirut.384 words
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Page 26 Miscellaneous
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Miscellaneous163 1988-04-21 26 Va Regional Weather h K K I m fL s 6 *V V > sV KK m X. Ik. "rf^ Wmd d*ecton with speed m knots SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND R Thurttfefiform Tempwature X\ V Shower Weother W*yJ direction with speed m knots163 words
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Page 27 Advertisements
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Advertisement724 1988-04-21 27 \\CSP\ CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fa* *****15 FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HON6 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: VESSEL MV Ist)bora724 words
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Advertisement733 1988-04-21 27 UNIPACIFIC TRANS TRADING AGECY PTE. LTD. rg i IRAQI LINE ,B *o' STITf (lITfRMiSI (0* MAHITIMf T«MJPO«T WEST BOUND SERVICE eta s pore IS/S LOADING FOR Jeddjh Aqaba Baghdad THROUGH B/L$ to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA 4 BAGHDAD REEFER SPACE AVAILABLE UPTO AOABA LOADINC CONTAINERS/CONVENTIONAL CGO733 words
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Page 28 Advertisements
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Advertisement299 1988-04-21 28 Hai Sun Hup Co (Pte) Ltd n_n f EL *****06 (20 Lines) TLX RS ***** &RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK Pt REU OBN TW»« ISLAND V7T 26/4 J/5 6/5 W •Alio calls E.L t P.E. GENERAL AGENTS: HAI SUN HUP299 words
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Advertisement563 1988-04-21 28 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/HEXICO AND FRENCH WEST INDIES STUTTGART EXP NUERNBEC ATL DUSSELDORF EXP L ir B PERMAI Vll2 25/4 12/5 STUTTGART EXP Toronto New York KORRICAN V 122 2/5 U/5 NUERNBEC ATL Y rk I jutlandia viJ2 9/5 2S/5 dusseldorf exp Baltimore,563 words
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Advertisement211 1988-04-21 28 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES A».m NiHON-ttM SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** Tatsumi Marine DffECT SAILING TO PAPUA NEW GUINEA iv 1 rail (also accepting transhipment cargo: OROBA Y, MADANG. KIETA. WEWAK KIMBE. RABUAL via LAE) SPOfIE NEPTUNE AGENCES211 words
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Advertisement678 1988-04-21 28 m SERVICE CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 '04-*****2/4, *****3 •07-*****8 S SP 73 *****5 *****0, *****1 '02-*****22 *****88 TO EUROPE FEEDER BUTANC 437 B. auTANc m a BUTANC 441 a BUTANC 443 lEEE3I JUTIANWA N DELFT 21?£5J2?.1!5 AT,ONS AMSTERDAM ANTWERP. BASLE.678 words
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