The Business Times, 22 April 1988

Microfilm: NL16127
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, APRIL 22, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    265 1 Reuter Dow Jones higher WALL STREET STOCKS extended early gains yesterday with blue chips performing strongly, driven in part by a robust gain in General Motors. Analysts said said fu-tures-related buy programs lifted stocks, especially the blue chips Stronger earnings also helped. The Dow 30 was up
    Reuter  -  265 words
  • Article, Illustration
    Wall St fall gets mixed response
    204 1 WALL STREET'S weak finish on Wednesday was accorded a mixed reception in the Eastern markets. Stock markets in Tokyo and Hongkong closed easier yesterday, but those in Singapore and Australia finished firm. The Dow Jones Industrial Average yielded to a late sell-off following news
    204 words
  • Article
    Growth in UK money supply boosts pound
    129 1 BRITAIN'S money supply grew significantly in March, sending the British pound above the key 3.15 West German mark level and triggering intervention by the Bank of England. Yesterday's report that the UK money supply growth surged last month encouraged operators to believe a
    129 words
  • Article
    Public sector introducing flexible wage system from July
    480 1 A NEW flexible wage system in which an employee s total annual pay package will move up or down with the economy will be introduced for the public sector from July. The new model will mean that: 1982-84 NWC wage increases, which
    480 words
  • Article
    Apartment rentals in choice districts rising
    517 1  -  More companies setting up OHQs here By TONG SUIT CHEE AN INCREASED inflow of expatriates over the last year has pushed up rents of flats in the prime residential areas by some 10 to 20 per cent. Property agents say the average gross rental
    517 words
  • Article
    PM Lee meets top Italian bankers and industrialists
    236 1  -  By RICHARD SEAH LEADING Italian bankers and industrialists joined their Foreign Minister, Mr Guilio Andreotti, for a lunch meeting yesterday with Prime Minister Lee Kuan Yew. This was shortly after Mr Lee arrived in Rome on the last leg of a week
    236 words
  • Article
    Number of deals in residential properties up by 30-40pc
    227 1 THE NUMBER of transactions in the residential property market has picked up significantly since February, according to a property consultant. Mrs Lydia Sng, director of Knight Frank, Cheong Hock Chye Baillieu. an international property consulting firm, said that the volume of
    227 words
  • Article
    Fall in Tokyo land prices continues
    172 1 A MODEST decline in land prices in Tokyo and surrounding areas in the December quarter accelerated in the first three months of 1988. according to the latest survey by Japan's National Land Agency. The average price of residential land in Tokyo fell 1.8 per
    172 words
  • Article
    Lock icon M'sia needs 8pc growth
    101 1 Reuter MALAYSIA'S economy must grow by a real 8 per cent a year to halt rising unemployment. Finance Ministry Secretary General Zain Azraai said He told an investment seminar in Kuala Lumpur yesterday that the country must diversify its economy as a basis for long-term economic
    Reuter  -  101 words
  • Article
    Inchcape Bhd's profits up 82pc to $68.49m
    592 1  -  By ROSIE TAN THE GIANT Singapore-based Inchcape Bhd group yesterday announced an 82 per cent increase in pre-tax profits to $68 49 million, second only to the $111 million it achieved in 1980 Because of the increase in profit and the group's strong
    592 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      175 1 BUCHERER Swiss Made VI Full report, Page 14 Regional markets, Page 16 World markets, Page 17 Executive Set Lunch/Dinner From The Finest Sichuan Cuisine 40 i, On Xm t urry Vd|<M>d .Vrvrd in (.<*<>nut MXM* Now you can lunch or dine in executive style. Executive Set Lunch Dinner from a
      175 words
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      Page 1 Advertisements Column 2
      329 1 Civil servants may get back '1984 NWC' cuts, Back Page THE PHILIPPINES needs a mini Marshall Plan. For that plan to succeed. President Aquino will have to galvanise and rally the Filipinos around her. The best brains in the country should be brought to the fore in government to help
      329 words
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      Page 1 Advertisements Column 3
      40 1 _`[^+[;-@*?))<;=("[]`%;>}*`@*>{ Melwani, exclusively male. NowOi pen at I B nternational uilding (Next to Lido Theatre) 360 Orchard Road. *01-18 r V i *02-55 56 58 Wisma Atria Tel *****25 *02-23. Plaza Singapura. Tel *****29 Ist level. Metro Marir>a Square Tel *****75
      40 words
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  • HOME NEWS
    • Article
      Tool and die trade to clear the air about jobs
      486 2  -  Bid to attract recruits to industry By LILIAN ANG THE TOOL and die industry is out to correct a misconception that workers in the industry are poorly paid and that the working environment is dirty. But that's only the means
      486 words
    • Article
      Exhibition to answer queries on UK education
      224 2 A TWO-DAY education exhibition will start tomorrow aimed at tackling queries and offering academic counselling to students interested in studying in the UK. The British Education Exhibition, held at the Marina Mandarin Hotel, is organised by the British Council's Education Counselling Service. The
      224 words
    • Article, Illustration
      Two key areas where SMEs need help
      312 2 SMALL and medium-sized enterprises have two key needs, judging from their response to an aid scheme in which two government agencies teamed up to help them. One is a need for help in setting up basic quality control and production systems. About 43
      312 words
    • Article
      International conference to tackle transportation issues
      145 2 THE PACIFIC Transport Freight Distribution Conference and Exhibition hopes to provide some answers to the increasing demands of modern transport in industrialising countries around the region. The event will be held at the Raffles City Convention Centre from June 20 to 23. The three-day
      145 words
    • Article
      Cool million allotted for attracting Japanese tourists
      209 2 ONE MILLION US DOLLARS will be spent this year by the Asean Promotion Centre (APC) to attract more Japanese tourists to the Asean region The centre is an intergovernment body set up in 1981 by five Asean governments and Japan to promote exports,
      209 words
    • Article
      Indian manufacturer seeking investors
      262 2 BUSINESSMEN on the lookout for investment opportunities in India might want to consider becoming the partner of an Indian company that manufactures electronic and consumer products. In an advertisement placed in BT on Tuesday, Niky Tasha (India) Pvt Ltd invited entrepreneurs, Singaporeans as well as foreigners,
      262 words
    • Article
      Local trade sector to get electronic data network
      468 2  -  By SHOEB KAGDA COME DECEMBER, local traders can start doing away with documentation once a new electronic data service started by the Trade Development and National Computer boards comes on line The service, Trade Net. will be set up and provided by
      468 words
    • Article
      British local area network system designer appoints agent
      338 2 AN AWARD-WINNING British company which manufactures and designs local area network systems has appointed a local company to distribute its products in Singapore and Malaysia. BICC Data Networks, conferred the prestigious Queen's Award for Technological Achievement last year, yesterday appointed Automated Systems
      338 words
    • Article
      Vancouver offers openings: mayor
      294 2 OPPORTUNITIES for more trade and business between Singapore and the western Canadian city of Vancouver were highlighted by the city's visiting mayor yesterday. Addressing the Canadian Business Association at a lunch talk, Mr Gordon Campbell said there were opportunities arising from the US-Canada free trade agreement
      294 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      229 2 a^vt 5 0 V Secretaries OWfeekat 1819 I I S£| [Hi Cold Storage Trading COTV CHIA MENG HAK FOOO SUPPLIER Si™ t P«t«r j£ai £tcl. #02-40 Far East Plaza #02 90 Lucky Plaza i Polaroid Olivetti Salute your secretary with a sumptuous lunch at the most elegant restaurant in town
      229 words
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      Page 2 Advertisements Column 2
      0 2 "$+?)$;|?-_!|^{$"@<`'"`]|^*<-@|
      0 words
    • Advertisement
      Page 2 Advertisements Column 3
      106 2 "If they all in and out here for many years, officer, why aren't there signs of wear and tear?" "Loboflor." You won't catch Loboflor showing it's age.With 80 million fibres in each square metre, Loboflor so outlasts conventional carpet that it's guaranteed for ten years. Now Loboflor is available in
      106 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      163 2 V/S''' Max/ Not* Mln (°C) 27/12 Smoke 17/09 Cloudy 17/08 Cloudy 34/25 Cloudy 17/08 Cloudy 20/16 Cloudy 20/07 Oeor 25/11 Cleor —/20 Cloudy 15/08 Showers 25/17 Fin. 22/08 Cloudy 22/16 Cloudy 26/14 Cleor 07/01 Cloudy 20/06 Cloudy unov 11 -02 Cloudy 13/06 Cloudy 32/26 Cloudy 17/08 Cleor 25/10 Cloudy 22/07
      163 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Wang out to dislodge filing cabinets Wang out to dislodge filing cabinets
      675 3  -  By LEE HAN SHIH WITH 12 YEARS to go in the second millennium, America is in danger of being drowned in a sea of paper. Despite the claims of some high-technology companies, the use of paper is growing,
      Source: Wang Lab  -  675 words
    • Article
      Lock icon Aussie company to produce Braille printer
      220 3 UPI IN AN UNUSUAL role reversal, a Sydney electronics manufacturer has beaten overseas competition to win a contract worth several millions of dollars to manufacture and market a sophisticated Braille computer developed in England. The company. Quantum Technology, won the contract to produce the
      UPI  -  220 words
    • Article
      Lock icon Consumer electronics advance offers US trade hope
      205 3 AFP THE DEVELOPMENT of high definition television i (HDTV) offers the US a chance to improve its trade imbalance in consumer electronic products. This comes from a report of the Commerce Department's National Telecommunications and Information Administration (NTIA). It said potential US sales
      AFP  -  205 words
    • Article, Illustration
      Toshiba launches power-packed portable computer
      372 3  -  By CHARLES SAVAGE PACKAGED as a small briefcase, the new Toshiba laptop T5lOO has the power of the latest wave of 32-bit desktop computers It also contains a 40-megabyte (MB) hard disk drive and weighs just 6.8 kg Data Dynamics, Toshiba s sole distributor here,
      372 words
    • Article
      Lock icon US scientist conducts research on suicide genes
      330 3 UPI WITH AN EYE towards a fea/ of genetically engineered "monsters being released into the environment, a scientist in Florida, US, is conducting research on a laboratory-designed microbe that commits suicide when its work is done. Dr Stephen Cusky, microbiologist at a government
      UPI  -  330 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      177 3 Bosses 25-29 April 1988 Your secretary organises your business affairs meticulously. Often taken for granted, she deserves that mere word of thanks, for her role in the office is second to none. This Secretaries' Week, drink a toast to that super lady over lunch at the Grand' alia Kestaurant. Show
      177 words
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      Page 3 Advertisements Column 2
      52 3 UIESMI2. SWISS FASHION QUARTZ V I. t 0\ ij* > 3 m m m m r ii iimmJk 4? e a u t I k k > a* A"* 1 Electro gold plated tienuine leather strap. Water resistant. TRADE ALLIANCE (S) PTE LTD 10 ANSON ROAD »16 23 INTERNATIONAL PLAZA
      52 words
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  • OVERSEAS
    • Article
      Lock icon Broad advance in US consumer prices
      531 4 Possibility that Fed may tighten credit Reuter PRICES PAID by American consumers advanced broadly last month, pushing the country's most widely used inflation gauge to its biggest increase in more than a year, the US government said on Wednesday. The increase, combined with a
      Reuter  -  531 words
    • Article
      Lock icon Index rise sparks off new inflation fears
      320 4 AFP THE US announced on Wednesday that consumer prices soared 0.5 per cent in March, the biggest single monthly increase since January 1987, sparking off new inflationary fears on the country s financial markets. March's consumer price rise contrasted sharply with February when
      AFP  -  320 words
    • Article, Illustration
      Lock icon First flight for revolutionary US bomber in autumn
      480 4 Reuter THE revolutionary US Stealth bomber, a "flying wing" designed to strike deep into Soviet territory while avoiding radar detection, will make its first flight this autumn, the US Air Force said on Wednesday. The top-secret B-2, using radical design and construction
      Reuter  -  480 words
    • Article
      Lock icon Anti-sanctions business plan outlined
      99 4 Reuter SOUTH AFRICAN firms must continue efforts to slip around anti-apartheid trade sanctions, the head of the country's main business organisation said As far as business strategy is concerned, the South African business community will have to continue to evade or neutralise sanctions with whatever techniques
      Reuter  -  99 words
    • Article
      Lock icon US House panels vote for sweeping ban against Pretoria
      213 4 AP TWO House of Representatives panels voted on Wednesday for a sweeping US trade ban against South Africa in an attempt to force its white-led government to abolish racial segregation policies. The ban would include disinvestment by all US companies in
      AP  -  213 words
    • Article
      Lock icon US hotel chain pulls out
      99 4 Reuter THE US Westin hotel chain is joining the list of foreign companies leaving South Africa by ending a contract to manage Johannesburg s best-known hotel, the Carlton. Hotel general manager Patrick Kelly said on Wednesday the departure of Westin Hotels and Resorts from South
      Reuter  -  99 words
    • Article
      Lock icon Taiwanese exports to Asian and European countries rose in March
      223 4 AFP TAIWANESE EXPORTS to Asian countries and Europe surged in March, reflecting Taiwan's success in its efforts to diversify export markets Taiwanese manufacturers received export orders worth US$4 97 billion in March, up 16.64 per cent from the year before,
      AFP  -  223 words
    • Article
      Lock icon Taipei group to triple S African trade
      132 4 AFP A LARGE delegation of trade officials from Taiwan arrived in South Africa on Wednesday to conclude a series of economic agreements which should triple trade between the two countries within three years The Taiwanese delegation, headed by Economic Affairs Minister Li Ta-hai.
      AFP  -  132 words
    • Article
      Lock icon Boeing, Airbus sales to East bloc allowed
      270 4 AFP THE COORDINATING Committee for Multilateral Export Controls (Cocom) is likely to allow the European consortium Airbus Industrie and Boeing to supply aircraft to three communist countries The Financial Times in London on Wednesday quoted officials close to Cocom, the Paris-based organisation of
      AFP  -  270 words
    • Article
      Lock icon Boeing admits faulty repairs caused jet to crash
      288 4 UPI A SPOKESMAN for Boeing Commercial Co says that company lawyers have admitted in Tokyo that faulty repairs done on a Japan Air Lines jumbo jet caused the August 1985 crash that killed 520 people David Jiminez said on Wednesday that the
      UPI  -  288 words
    • Article
      Lock icon Philippines becoming a tiger economy: Concepcion
      207 4 AFP THE PHILIPPINES is well on the road to becoming another tiger economy". Trade Secretary Jose Concepcion said, citing trade advances in early 1988 Merchandise exports rose 33 per cent from a year earlier to US$l,Ol2 million in the two months to February. Mr
      AFP  -  207 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1025 4 1 1 ARRIVALS Operator Service Local From number time SIA son 0040 IAX/NRT UA UA805 0045 SFO/HKG FT FT71 0115 JFK/BOS/ORD/ ANC/NRT/MNL/ TPE JAL JL615 0240 TYO THAI TG8010 0300 BKK/KPS MAS MH605 0720 KUL MAS MH640 0820 KUL SIA S043 0835 DHA MAS MH651 0910 PEN
      1,025 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      170 4 Practise For Health Relaxation t Qi Gong For Health Every Monday 8 00 pm to 9 00 pm Rejuvenescence Qi Gong Every Saturday 3 00 pm to 4 00 pm Of special arrangement Qi Gong Class/Activities Rejuvenescence Qi Gong TaiChi Qi Gong 28 steps or Arg Tai Chi 32 steps
      170 words
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      Page 4 Advertisements Column 2
      13 4 LONDON G ,r J 1 3v*> A A' C I* 7^^ AIR CANADA
      13 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      48 4 Doonesbury THE CANDIDATE HIMSELF BEGAN TO BEGF UP HIS SELF-IMA6B. A 5 THE SPIN-CONTROLLERS SPUN THEIR GOS6AMBR DREAMS... m m m m m BY GARRY TRUDEAU HE STARTED TO DO MORS 'GUY STUFF." m Thß SECRET SERVICE., OF COURSE, HAD STANDING ORDERS TO IST HIM WIN. i CI
      48 words
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  • COMMODITIES
    • Article
      Lock icon KL Tin
      173 5 Reuter STRONG BUYING inferos! helped the Kuala Lumpur Tin Market price end unchanged at M 517.30 a kg yesterday on increased turnover. A high offering of 57 tonnes pushed the price down at the start but the lower level attracted renewed demand and the price recovered to Wednesday's
      Reuter  -  173 words
    • Article
      Lock icon Palm Oil
      414 5 Bernama ES Reuter Crude palm oil futures closed slightly easier yesterday in moderate trading on the Kuala Lumpur Commodity Exchange. The market opened higher in line with the Chicago overnight soyaoil but slipped back amid long liquidation by the physical houses. May delivery was Ms 3 down at
      Bernama ES; Reuter  -  414 words
    • Article
      London Markets
      323 5 London Commodity Exchange Buyer/Seller closing prices on April 20 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London May 1087/1088 (1100/1101) High/Low 1095/1086 Jul 1106/1107 (1119/1120) High/Low 1112/1103 Sales (1783) Cocoa May 893/895 (883/885) High/Low 900/889 Jul 913/915 (902/904) High/Low 922/912
      323 words
    • Article
      Lock icon Wheat
      247 5 Reuter WHEAT FUTURES on the Chicago Board of Trade closed on a firm note on Wednesday posting gains of 1-3/4 to one US cent a bushel. May finished 1-1/2 cents higher at US$3.l53/4. Traders said that prices began lower but firmed around midday on steady commercial and commission house
      Reuter  -  247 words
    • Article
      Lock icon Soybean
      250 5 Reuter SOYBEAN FUTURES on the Chicago Board of Trade closed on or near session lows on Wednesday with extended losses of 5-1/4 to 6-1/2 US cents a bushel. May settled off 5-1/4 cents at U556.66-3/4. Traders said that late local and commission house selling reversed an uptrend in prices
      Reuter  -  250 words
    • Article
      Lock icon Rubber
      308 5 Reuter SINGAPORE The rubber market closed higher yesterday with May 1 RSS buyers quoted at 238 00 cents/kilo, up 2.50 cents from Wednesday's close, dealers said Dealers said prices rose again after lunch on speculative buying and trade short-covering but profittaking pared the gains slightly towards the close in
      Reuter  -  308 words
    • Article
      RAS and MRELB
      238 5 RAS prices in S cents/kg, FOB In bales NOON CLOSE buyers Sellers Buyers Sellers Int 1 RSS Prompt 237.50 238.00N 239.50 240.50N Int 1 RSS May 88 235.50 236.50N 238.00 239.00 Irvf 1 RSS June 235.50 236.50 238.00 239.00 lot 2 RSS OP 235.00 237.00N 237.50 239.50N
      238 words
    • Article
      SSR and SMR
      76 5 (cants/kg) MAY 1988 JUNE 1988 (current month) (forward month) RAS NOON NOON Sallcri 8</y*rj S*ll*n SSR 30 232.00 234.00N 232.00 234.00N SSR 50 230.50 232.50N 230.50 232.50N MRELB Buyers S*ll*rt Bvy»rt S«ll«r» SMR cv 394.00 396.00N 395.00 397 00N SMR L 402.00 404.00N 403.00 405.00N SMR 5
      76 words
    • Article
      Lock icon Precious Metals
      365 5 Reuter HONGKONG: Gold closed lower yesterday as selling by local and Japanese investors gathered momentum in the afternoon. The metal attracted selling mainly in response to the firmer tone of the US dollar, and news of the 0.5 per cent rise in the US March consumer price index,
      Reuter  -  365 words
    • Article
      Oil and Products
      89 5 THE MARKET stabilised after a brief slide, but the mood is nervous. Closing prices for crude (FOB origin) USS/borr«l CSong# Tap* (Apr) 17.40 uncti Minoi (Apr) 16.40 unch Duboi (May) 15 35 0.05 W est T«cos WTI (May)* 18.00 wnch York clot* previous doy Products (FOB S'pore)
      89 words
    • Article
      Produce Prices
      238 5 Chinese Produce Exchange Sellers' noon dosing prices on April 21 (SS/100 kg) Coconut oil bulk FOB 106.00 OW drum FOB 116.00 New drum FOB 120.00 Copra Mi*ed (loose) 59 sellers Pepper Muntok white FOB NLW 1117.50 Sarawak white FOB faq NLW 1102.50 Sarawak special block FOB NLW 725.00
      238 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      133 5 n THE PENTHOUSE (HOLLAND RD) Q RESTAURANT ?1 1 Holland Avenue #04-01. Holland Shopping Centrf S pore 10?7 Tel 46RR90R 4R9R952 FREE! One Suckling Pig, for every table of Suckling Pig Set menu ordered. (Till 15.5.88 only) No Take-aways LOCAL SUCKLING PIG SET MENU $288 Dragon cold dish Tai-chee Shark's
      133 words
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      Page 5 Advertisements Column 2
      233 5 i Jp 1 ."V imM -m 1 ,*>..; fer Vv- > I¥l i' .'AT W&~ Sai^ Si* IP -V- BHF v "t!l«iuisf --V-- *.PS Vt .vTi 82 »v i v »i>&v-'. vvr w W S® rv IKyV. N^g- v': v* -'-fc -<&% §*gg m 01 *$gm§orl~ C; v :A. •:.<•
      233 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      1286 6 Reuter SINGAPORE: The US dollar closed slightly higher yesterday against major currencies but trading was thin, with the currency moving within a narrow range Most operators were reluctant to take up fresh positions in the absence of fresh factors and on fears of intervention by the Bank of
      Reuter  -  1,286 words
    • Article
      Government securities market
      84 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****Z 21.7.88 3.01 2.96 3.00 2.99 6 months BY8710IH 22.9.88 3.07 3.02 3.06 3.06 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
      84 words
    • Article
      Asian $ market
      304 6 Asian market ASIAN DOLLAR deposit rates yesterday closed little changed from opening levels in quiet afternoon trading. Short-dates were steady to slightly higher at the outset but were unchanged in subsequent trading. Overnight, weekend and week-fixed closed at a common 7% 7 per cent. Term rates were little changed from
      304 words
    • Article
      Simex
      489 6 JUNE EURODOLLAR futures opened slightly firmer from its previous close on the Singapore International Monetary Exchange yesterday but was unchanged from Chicago s level as short-covering, prompted by lower oil prices and a firmer US dollar, brought prices off the lows The June contract traded narrowly from 92 43
      489 words
    • Article, Illustration
      World interest rates
      198 6 Indicates the average of the prime lending rates of 12 major banks in S'pore f Interbank market rates (offer/bid) on April 21 us$ DM SWFC Yen 7 dojrt 1 m#» 3 ivrth 12 7 1/1-7 7 1/1-7 7 1/4 1/8 7 5/16 J/16 7 7/8 3/4 1/2
      198 words
    • Article
      Options
      1401 6 CURRENCY FUTURES OPTIONS Thursday, April 21, 1988 DEUTSCHEMARK (SIMEX) May 88 calls May 88 puts High Low SM High Lo« S«t1 54 CAS 55 CA8 56 57 CAS 328 CAS 335A 230 CAS 59 136A 132 4 60 S7A 53 228 22 ,4 12 788 82 SA 3 67l
      1,401 words
    • Article
      Lock icon IMM
      314 6 Reuter CURRENCY FUTURES or the International Mone tary Market ended nar rowly mixed or Wednesday, with conti' nental currencies finish' ing near daily lows se' late. Prices had opened moderately higher and soon edged to daily highs after ideas spread late or Tuesday that the US March consumer price
      Reuter  -  314 words
    • Article
      Money markets
      60 6 THE OVERNIGHT rate on the Singapore interbank market fell point to 3 per cent yesterday. Term rates each lost 1/16 point to 3% per cent S$ Interbank rates at 12 day: noon yester 0»»f Offt» *10 ngt* I monlti 2-mowfh 3-month 3 3 »/4 3 1/4 3 «/4
      60 words
    • Article
      Comex gold/sillver fututres
      178 6 A«H Moy Jun Aug Oct Ok F«b 89 Apr Jun Aug Oct D#c Gold futures on April 20 100 troy ounces USS per troy ounce OP*" High Low SMK 465.00 465.00 457.00 457.00 457.40 462.00 463.50 458.00 459.00 466 50 468 00 462 50 463 70 472.00
      178 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      103 6 i miiv $9.00+ PER PERSON: MENU CHANGES DAILY Now! Sunday Special Family set lunch at $9-00+ per person i Children under 10 years of age n free! v For I to 4 persons, 3 courses with soup.^ For sto 6 persons, 4 eourses with soup. For 7to 8 persons, 5
      103 words
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      Page 6 Advertisements Column 2
      9 6 I BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106
      9 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Banks in Hongkong giving employees bonuses for recruiting friends
      261 7 Reuter HONGKONG BANKS, hit by a chronic labour shortage, are giving their employees bonuses for recruiting relatives and friends At First Pacific Bank, staff get HKSS.OOO (US$64O) for recommending executives at assistant vice-president level or above, and introducing a clerk or
      Reuter  -  261 words
    • Article
      Marine Midland profits unchanged
      92 7 THE MARINE Midland bank group has reported first quarter net income of U5535.9 million this year almost unchanged from the U5535.3 million achieved during the same period last year. According to the group, which is a subsidiary of Hongkongbank, the first quarter results reflect increases in
      92 words
    • Article
      Lock icon Bogus foreign bills in Beijing
      102 7 AFP BOGUS FOREIGN currency notes, especially US dollars, are turning up in growing numbers in Beijing, the official China News Service reported on Wednesday. In February alone, it said, the busy Wangfujing branch of the Bank of China China's foreign exchange bank detected 10 counterfeit
      AFP  -  102 words
    • Article
      Lock icon Chinese currency facing crisis of confidence amid rising inflation
      369 7 Reuter CHINA'S currency, stable for more than 30 years, is facing an erosion of confidence amid mounting inflation. The Economic Daily reported in Beijing on Wednesday that total bank deposits had fallen this year because inflation had surpassed bank interest levels,
      Reuter  -  369 words
    • Article
      Lock icon Commercial Union bidding for NZ National Insurance
      350 7 Reuter COMMERCIAL Union General Insurance Company Ltd said it is offering to acquire all the shares in The National Insurance Company of New Zealand Ltd for NZ$5.6O a share. The offer values National Insurance at NZ$l9l million and exceeds the current offer of
      Reuter  -  350 words
    • Article
      Lock icon Wood Gundy planning to keep some CIBC units after merger
      352 7 Reuter WOOD GUNDY Inc will keep the Australian dollar Eurobond business and the interest rate and currency swap unit of Canadian Imperial Bank of Commerce (CIBC) when the two merge. Lan Steers, vice-chair-man of Wood Gundy said on Wednesday that
      Reuter  -  352 words
    • Article
      Lock icon Japan urged to open market
      235 7 Reuter THE JAPANESE government must take steps to open its markets to Hongkong businesses and assist them in competing on a more equal footing with their Japanese counterparts, the Hongkong and Shanghai Banking Corp said in the April issue of its Economic Report. "Such steps
      Reuter  -  235 words
    • Article, Illustration
      NKK to pump $50m into KL and S'pore share markets
      475 7  -  By SOH TIANG KENG Financial Correspondent NIPPON Kogyo Kakumaru Securities (NKK), Japan s fifth largest securities house in terms of net income, is pumping about Ssso million of the assets in its offshore mutual fund into the Singapore and Malaysian
      475 words
    • Article
      OCBC lowers housing loan rates in bid to match UOB's
      226 7 HOT on the heels of Monday's reduction in housing loan interest rates by the United Overseas Bank group, Oversea-Chinese Banking Corporation has jumped into the fray in an attempt to match UOB's rates. Starting today. OCBC s housing loan rates
      226 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      115 7 For an office with a prestigious business address THERE IS NOTHING LESS THAN THE MORRISON OFFICE SYSTEM from Knoll Designed with each member of vour STAFF IN MIND FROM DIRECTOR TO DESPATCH MORRISON MEETS EVERV NEED PRESENT OR FUTURE Which OF COURSE IS TO BE EXPECTED BECAUSE ANYTHING FROM Knoll
      115 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      890 8 SEMIHAR-CUM-CATALOGUE SHOW ON INDIAN ENGINEERING PRODUCTS AND SERVICES Today at the Royal Pavilion Ballroom, the Pavilion Inter-Continental, 9am— spm and BILATERAL DISCUSSIONS Tomorrow 9am 2.30pm to discuss and promote opportunities for two-way trade for an increased export of quality engineering products and services from India to Singapore and the regional
      890 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      639 9 f* 1 w "LTLT SEMINAR-CUM-CATALOGUE SHOW ON INDIAN ENGINEERING PRODUCTS AND SERVICES Today at the Royal Pavilion Ballroom, the Pavilion Inter-Continental, 9am snm and BILATERAL DISCUSSIONS Tomorrow 9am 2.30pm w w Heartiest congratulations to the organiser, co'sponsors, supporters and participants at the Seminar-Cum-Catalogue Show. K-Earhafjjlaji, a. <C<d. Ptie. ILtphx //iyu7t/»W.
      639 words
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  • PERSPECTIVE
    • Article
      Support for mini Marshall Plan
      512 10 HE AIN'T HEAVY, he is my brother That verse from a popular song is echoed in a suggestion by the United States that a mini Marshall Plan be drawn up to help the Philippines, home to two major American military bases. The suggestion deserves wholehearted
      512 words
    • Article, Illustration
      Sisir reinforces role as catalyst for research
      1385 10  -  The Singapore Institute of Standards and Industrial Research has not switched tracks entirely, but it is offering more research and development facilities aimed at helping small firms rather than remaining just an arbiter of standards. GENEVIEVE CUA interviews Sisir's general manager Dr Ong
      1,385 words
    • Article, Illustration
      Lock icon Korean steel industry on solid ground
      694 11  -  By JO YUN-JEUNG Reuter SOUTH KOREA'S biggest steel maker, the Pohang Iron and Steel Company, plans to thrust itself into the top-most ranks of world producers. Posco, a major success story in one of the world s most dynamic economies, celebrated its 20th anniversary
      Reuter  -  694 words
    • Article, Illustration
      Lock icon Algeria at odds with air pirates accord
      904 11  -  By BARRY JAMES IHT IN GRANTING safe passage to the hijackers of the Kuwait Airways jumbo jet who murdered two of their hostages, Algeria repudiated an ineffective agreement by 130 other nations to bring air pirates to justice. "These people wfere not only
      IHT  -  904 words
    • Article
      Trying not to get left behind
      1335 11  -  Much of the British press has been undergoing a facelift in recent times. From London, ASAD LATIFF explains why changing mastheads and headlines are symptomatic of a new ideology caused by the Thatcherite revolution. ASAD LATIFF THE THATCHERITE IMPACT on Britain's political agenda has
      1,335 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      93 10 Business Times will publish its eleventh annual Banking, Finance and Insurance supplement on May 11th. It will be a wide-ranging and penetrating analysis of what the future holds for the financial sector, and will include the views of leading bankers, and finance and insurance executives. This supplement will, like its
      93 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      649 10 CRYPTIC PUZZLE ACROSS 1 Prepare eggs as a whisky ingredient (5) 6 Leaps over containers (5) 9 Official apt to be embraced by a killer (7) 10 Vex a girl and some boys (5) 11 Grand food for animals (5) 12 Be inclined to slope (5) 13 Ostensibly innocent answer
      649 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1295 11 TO as© QaiDQO B 12 7.30 PM Opening and Programme Highlights followed by Italian Soccer. 5.30 War Chronicles Return To The Philippines. 9.00 No Place Like Home. 9.30 Halfway To Heaven. For three < ond a half months, Danny and Gerald ine Osborne, a husband-and-wife team explore an uninhabited and
      1,295 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon McGuigan wins comeback fight in four rounds
      401 12 AP BARRY McGUIGAN. swept on by a tide of emotional support, made a successful comeback to professional boxing on Wednesday. stopping Nicky Perez in the fourth round of a non-title superfeatherweight contest in London The Irishman, who had not fought since losing his
      AP  -  401 words
    • Article
      Lock icon Baby catches middleweight contender by surprise
      291 12 Reuter IRAN BARKLEY said he is ready to take the World Boxing Council middleweight title, but was caught off-guard on Wednesday when his wife went into labour while they were on the way to promote the fight with fellow American Thomas Hearns Barkley, who
      Reuter  -  291 words
    • Article, Illustration
      Lock icon Thorburn makes cautious start
      177 13 Reuter CANADIAN Cliff Thorburn, who took legal action to ensure he could appear in the World Snooker Championship, made a characteristically cautious start to his challenge in Sheffield, England, on Wednesday The opening four frames of his first-round match against compatriot Kirk Stevens took two hours
      Reuter  -  177 words
    • Article, Illustration
      And then there were three
      629 13  -  Two more seeds fall by the wayside By WALTON MORAIS IT WOULD SEEM that being seeded in the DHL Singapore Women s Open tennis championships is turning out to be a liability But it anything, the fact that only three seeded players remain at the
      629 words
    • Article
      Lock icon Lewis's trainer still not happy with Seoul schedule
      405 13 Reuter CARL LEWIS'S trainer isn't sure whether a weekend change in the starting hour for the men's long jump at the 1988 Olympics will provide the 1984 gold medallist with enough time to compete in four events at the Seoul Games. "I'm
      Reuter  -  405 words
    • Article
      Lock icon Post-match surprise from Evert
      430 13 AP CHRIS EVERT beat qualifier Laxmi Poruri 6-1, 6-4 in the U*****,000 Virginia Slims of Houston tennis tournament on Wednesday and then announced her wedding plans at a post-match news conference. Evert said she and former Olympic skier Andy Mill, 35. would be married on July
      AP  -  430 words
    • Article
      Lock icon Thompson hits out at IAAF over Budd affair
      180 13 AFP DALEY THOMPSON. Britain s double Olympic decathlon champion, has accused the International Amateur Athletic Federation of "cheating" to get Zola Budd removed from the Seoul Olympics. The lAAF have asked the British athletics authorities to consider suspending Budd for a year
      AFP  -  180 words
    • Article
      Lock icon NZ rugby union rejects South African tour proposals
      140 13 AFP NEW ZEALAND rugbys ruling body yesterday rejected South African proposals for All Blacks and other New Zealand players to participate in a World XV tour of the republic later this year. The New Zealand Rugby Football Union (NZRFU) council voted unanimously
      AFP  -  140 words
    • Article
      A look at finer points of health
      267 13  -  10 MOHKBT lliSHii with Mike Cashmore BEGINNING on Monday, the Hilton Fitness Centre will be holding its first Health Week aimed at improving knowledge and understanding of important health issues and ways to improve personal well-being The subjects include Internal Cleanliness through Diet;
      267 words
    • Article, Illustration
      Lock icon Lendl makes shaky return to circuit
      394 13 UPI WORLD No 1 Ivan Lendl lost his serve six of 12 times on Wednesday as he struggled to a 7-6 (7-1), 7-5 victory over unheralded Swede Christian Bergstrom at the U*****,500 Monte Carlo Open, his first singles match since a foot injury sidelined
      UPI  -  394 words
    • Article
      Lock icon New twist to Cup wrangle
      148 13 AP AMERICA S CUP defenders have demurred on an agreement that would have allowed a second challenger into this year s race, citing contusion about the type of boat the British club would sail Tom Ehman. executive vice-president of Sail America, said on Wednesday that
      AP  -  148 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1069 12 4 COURVOISIER XO-Where to eat, drink... ouirne&s THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy o gourmet buffet luncheon of on ungourmet puce l For starters take your p»ck of our cold dishes prawns on ice fresh oysters smoked salmon melon and dried ham vegetable temne mixed seafood saioa cooked
      1,069 words
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      Page 12 Advertisements Column 2
      147 12 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 jail starting at 9 pm) iff 11 KM For reservations call *****11 ext
      147 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      288 13 and entertain 4 Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties Located on the 2nd floor Open 12 noon to 3 pm 6.30 pm to 11 pm Ample free parking A<§> Century Park Sheraton Singapore 16
      288 words
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      Page 13 Advertisements Column 2
      147 13 ONE GOOD REASON TO LUNCH Af THE PALM GRILL IS OUR APPE TISER BUM-E I AN(TIMER IS THE CHOICE OE MAIN COURSES PALM t u w For between $2ti+ and $40+ you can select from our appetiser V jKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish
      147 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Prices rise despite weaker close in US
      4307 14 DESPITE the weaker closing in Wall Street and Tokyo, the local bourse rose for the third consecutive day to close on a firm note. Brokers said the rise in the ST Index was surprising. The higher-than-expected US Consumer Price Index had brought on
      4,307 words
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  • COMPANY NEWS
    • Article
      Lock icon Malaysia Airlines confident of improved performance
      407 15 MBT MALAYSIA Airlines is confident of a better performance in the financial year ending March 31, saying profits after tax will surpass the last financial year's Msll2 2 million Managing director Datuk Haji Abdul Aziz Abdul Rahman said in Kuala Lumpur on Wednesday that
      MBT  -  407 words
    • Article
      'Relief to Lion's minority holders should be refused'
      400 15 LION CORP-L D NATHAN MERGER CASE ALL RELIEF to minority shareholders of Lion Corporation opposing the company's merger with retailer L D Nathan should be refused because they delayed filing their claims, said the defence counsel on the fourth day of the
      400 words
    • Article
      Unit trusts
      297 15 Managers' prices Japan Gr Fund 59 1 64' 08C for April 22 Shenton Thrift Fund 080 Singapore Unit Trust The Commerce 0 94 100 UOB Management Unitwid 0 825 Unibond 1 QQ 0 825 < h e Sowings Fund 080 086 1 025 S pore P'og fund 038
      297 words
    • COMPANY BRIEFS
      • Article
        How Hong Fok incurred the loss
        105 15 LOSSES MADE on the sale of development properties and interest costs were the main reasons for the $15.66 million pre-tax loss chalked up by property firm Hong Fok Corporation. In response to a query from the SES, Hong Fok said the increase in its
        105 words
      • Article
        Shangri-La close to end of talks
        56 15 SHANGRI-LA HOTEL Ltd said it was close to concluding talks with its Korean joint-venture partner on its withdrawal from the Yoojin Tourist Co Ltd project. The company has requested the SES to allow it to complete the formalisation of the terms before it makes
        56 words
    • Article
      Business done on the SES
      3624 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''
      3,624 words
    • Article, Illustration
      Electro-Magnetic offering 16m shares at $1 each
      529 15  -  First main board flotation since the October crash By CORRINA LIM VIDEO-TAPE MANUFACTURER Electro-Magnetic (S) Ltd, the first mam board flotation since the October crash, is offering 16 million 50-cent shares at $1 each for subscription from today. The issue is managed and
      529 words
    • Article
      Lock icon MPHB's shipping division poised for turnaround
      412 15 MBT MULTI-PURPOSE Holding Bhd's (MPHB's) shipping company, Promptship, which has been responsible for much of the losses suffered by the group in the past three years, is now poised for a turnaround and should begin to show some profit soon. In an interview with
      MBT  -  412 words
    • Article
      Hexza's group pre-tax profit up 60pc
      351 15 HEXZA CORPORATION has recorded an impressive 60 per cent increase in group pre-tax profit to Ms 4 88 million for the year ended Jan 31, 1988. Turnover increased marginally to M 530.26 million from Ms 29 38 million. After taking into account an extraordinary
      351 words
    • Article, Illustration
      No joint trial for Allan Ng and Michael Taylor
      326 15 A DISTRICT COURT yesterday ruled out a joint trial for Allan Ng and Michael Raymond Taylor, both facing two counts each of making misleading statements to the Securities Industry Council (SIC). Ng, a businessman, and Taylor. a banker, were charged with
      326 words
    • Article
      COMPANY MEETINGS
      54 15 OVERSEAS UNION SECURITIES Limited: 11th AGM at the Mandarin Court A', Mandarin Hotel. Orchard Road. Singapore 0923 today at 11am i UNITED INTERNATIONAL SECURITIES Limited: 18th AGM in the Board Room ot United Overseas Bank Limited. 30th Storey. UOB Building. No 1 Bonham j Street. Raffles Place. Singapore
      54 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      120 15 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Siam Hai of No 16A Telok Kurau Lor. M., Singapore (1542), has applied for a Retail Beer Shop Licence in respect of premises at M/s Simei Shoppe Provision Shop at Blk 139 Simei St. 1 #01-10, Singapore (1648), and that this application
      120 words
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      Page 15 Advertisements Column 2
      71 15 £ock n ßo\/ 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
      71 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Hyundai Motor Co beginning to feel effects of growing labour unrest
      372 16 AP SOUTH KOREA s leading carmaker began to feel the effects of growing labour unrest on Wednesday, while thousands of people were marooned at a seaport as ferryboat crews continued the second day of a strike for higher wages.
      AP  -  372 words
    • Article
      Lock icon Elders shares listed in Australia
      74 16 AFP ELDERS Investments Ltd shares were listed on the Australian Stock Exchanges yesterday, the company announced in Hongkong The company was listed on the Hongkong Stock Exchange on Oct 19 with an initial market capitalisation of US$5OO million, an Elders press release said. Elders said
      AFP  -  74 words
    • Article
      Kuala Lumpur prices close mixed
      3188 16 BARGAIN HUNTERS took a breather on the Kuala Lumpur stock market yesterday, resulting in a mixed to higher close in active trading Save for selected counters which continued to notch up double-digit advances, price movements either way were mostly fractional. Brokers observed that while operators
      3,188 words
    • Article
      Stocks close weaker
      1569 16 Hongkong HONGKONG share prices closed weaker but off their lows in fairly quiet trading yesterday, brokers said. The Hang Seng Index lost 25 73 points to end the day at 2.552 71, after falling 30 points in the early afternoon. The broaderbased Hong Kong Index shed 17
      1,569 words
    • Article
      Seoul
      139 16 APR 21 WON ♦1Kai ***** 500 j Cheil Sugar Daelim Ind ***** unch Kangwon Ind Kia Motor ***** ***** 400 -200 ***** -100 Kolon Ind ***** 400 Daewoo Corp '8000 500 Korea Long Term ***** -1000 j Daewoo Heavy ***** -300 Lucky Ltd ***** 50 Daishin Securities ***** 300
      139 words
    • Article
      Lock icon Tokyo
      481 16 Reuter TOKYO share prices closed easier yesterday after an overnight drop on Wall Street and due to the absence of fresh positive factors, while some profittaking was seen after Wednesday's gains, brokers said "Wall Street has been a problem, and the support line seems to have been broken," said
      Reuter  -  481 words
    • Article
      Lock icon Sydney
      431 16 Reuter THE AUSTRALIAN share market yesterday ignored a host of negative signals from abroad to close firmer on selective bargain hunting, brokers said They noted that lower gold bullion, crude oil and base metal prices, a 14point fall on Wall Street to 1.985 and a higher than expected US
      Reuter  -  431 words
    • Article
      Lock icon Bangkok
      156 16 Reuter THE SECURITIES Exchange of Thailand Index fell 1.17 points to ***** yesterday on a turnover of 4.139,354 shares valued at 388 4 million baht APR 21 BAHT -1Ao Kham Thai 193 8 Ayudhya Investment Bangkok Agro-lnd 138 unch Bangkok Bank 329 unch Bank 01 Ayudhya 356 ♦6 Charoong
      Reuter  -  156 words
    • Article
      Taipei
      247 16 APR 21 NT S Kolin 42 80 -29 2 Kuochan Dev 55 00 -05 Lee Chang Yuen All Sincere Indus 3 57 -0 1 Chem Indus 52 00 1 Asia Cement 78 50 1 s Lien Hwa Indus 56 00 1 Cathay Cons 83 50 -1 Nan Ya Plas
      247 words
    • Article
      Manila
      98 16 APR 21 PESOS -IMarsteel Oriental B 0 038 -0 001 Accie Mining Phil Overseas 0 029 -0 001 Anglo Phil 001 unch Philex B 040 -0 01 Ape« Mining B 0 027 unch Picop B PLOT Atlas Con B 23 75 -0 25 165 -1 Baguio Gold 0 016
      98 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      342 16 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Chua Jambo of No 388-G Jalan Angin Laut Singapore (1648), has applied for a Retail Liquor Shop Licence in respect of premises at M/s Double Top Trading Enterprise at 388-G Jalan Angin Laut, Singapore (1648), and that this application will be heard
      342 words
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      Page 16 Advertisements Column 2
      256 16 JACKLYN BEAUTY DE PARLOUR PTE LTD (Incorporated in the Republic of Singapore) (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308<2) of the Companies Act Cap. 50 that the Final Meeting of members of the abovenamed Company will be held at 50 Jalan Sultan
      256 words
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      Page 16 Advertisements Column 3
      267 16 THE COMPANIES ACT, CAP. 50 YANTA MARINE PTE LTD (In Liquidation) At a general meeting of YANTA MARINE PTE LTD duly convened and held on the 18th day of April, 1988 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section 290<lMb)
      267 words
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  • WORLD MARKETS
    • Article
      Lock icon Dow falls after feeble rally
      951 17 New York Reuter I STOCKS on the New York Stock Exchange closed broadly lower on Wednesday after a feeble mid-after-noon rally failed. Brokers said no news developments stirred the market and buyers were few. The dollar, directionless. provided little guidance, while US bond prices were
      Reuter  -  951 words
    • Article
      Lock icon Equities open lower
      1061 17 London Reuter LONDON EQUITIES opened lower yesterday with market makers taking a lead from the lower New York and Tokyo stock markets in the absence of any other news to influence prices, dealers said. "With volume as low as it is, we are going to drift lower
      Reuter  -  1,061 words
    • Article
      Untitled
      1348 17 Selected indices HONGKONG Hongkong Index Thursdoy 1 678 59 W ednesdoy 1.696 25 Week ago 1.763 35 Hang Seng Index Thursdoy 2.***** Wednesday 2.578 44 Week ogo 2 684 13 All Industrials Thursdoy 2.291 1 Wednesday 2.2836 Week ogo 2 362 8 NEW YORK Dow Jones Wednesday 1.985 41 Tuesday
      1,348 words
    • Article
      Record results
      69 17 AMERICAN BRANDS Inc I on Wednesday announced record results for the first quarter of 1988 Earnings per share rose 22 per cent to t US$l 40 per common share against US$l 15 per share a year ago For the quarter ended March 31. 1988. sales from continuing operations
      69 words
    • Article
      Lock icon UAW angry over Chrysler's bonuses for executives
      160 17 NYT LEADERS OF the United Automobile Workers have reacted angrily to the disclosure that Lee lacocca and other top executives of Chrysler Corp collected more than US$lOO million in salary, bonus, stock options and other payments last year. The union leaders said on
      NYT  -  160 words
    • Article
      Lock icon SEC approves rule on index arbitrage
      406 17 Ruling mandatory for six-month trial period Reuter THE US SECURITIES and Exchange Commission has given a six-month approval to a New York Stock Exchange rule prohibiting index arbitrage-related trades through any NYSE automated routing system if the Dow Jones Industrial Average moves at least
      Reuter  -  406 words
    • Article
      Lock icon Pirelli raises defences against takeovers
      495 17 Reuter THE PIRELLI family is tightening its grip on the huge Italian-Swiss tyre and cables group in a complex restructuring project that analysts say will make it virtually impregnable against takeovers. Company officials said at a news conference in Milan on Wednesday that the main
      Reuter  -  495 words
    • Article
      Lock icon Springer family regains hold on press empire
      250 17 IHT THE BITTER battle for control of Axel Springer Verlag AG. West Germany's largest mass-circulation publisher, reached a surprising conclusion on Wednesday when the brothers Franz and Frieder Burda sold their stake in the company to the heirs of Axel Springer. The sale
      IHT  -  250 words
    • Article
      Lock icon New AT & T chief sees no change in strategy
      292 17 New AT T chief sees no change in strategy Reuter ROBERT ALLEN, who has succeeded the late James Olson as chairman of American Telephone and Telegraph Co. said he is committed to pursuing the strategy laid out by his predecessor a year and a half ago But Mr Allen, speaking
      Reuter  -  292 words
    • Article
      Lock icon Peugeot's profits up 87pc to more than US$1b
      128 17 Reuter PEUGEOT SA. France s only private carmaker, said on Wednesday that its 1987 profits surged by 87 per cent to more than US$l billion. Profits were 6.71 billion francs (US$l.2O billion) while revenues rose 12.6 per cent to 118 17 billion
      Reuter  -  128 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      312 17 SINGAPORE GOVERNMENT OFFERING OF TAXABLE BOOK-ENTRY BONDS TO THE PUBLIC, 22 APRIL 1988 Amount offered Issue code Issue date Maturity date Interest rate Price Interest payment dates First int payment date Min denomination available Method of sale Competitive applications Non-competitive applications Accrued int payable by investor Closing date of applications
      312 words
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  • LATE FILE
    • Article
      Lock icon Taiwan approves set-up of aid fund
      31 18 AFP TAIWAN'S Cabinet yesterday approved the creation of a NT$3O billion fund to aid developing nations and finance investment projects abroad, a Cabinet official said.
      AFP  -  31 words
    • Article
      Lock icon Labour ahead of Tories: poll
      61 18 AP THE UK opposition Labour Party has edged ahead of Prime Minister Margaret Thatcher's governing Conservatives in electoral popularity for the first time in more than a year. The Gallup poll in the pro-Conservative Daily Telegraph gave Labour 41.5 per cent, a one-point lead over
      AP  -  61 words
    • Article
      Lock icon W German output set to rise
      48 18 Reuter WEST GERMAN industrial production, which rose sharply in the first two months of 1988, is set to continue rising for the rest of this year and in the years up to 1992, the Economics Ministry said in its monthly report. Reuter
      Reuter  -  48 words
    • Article
      Lock icon Manila's deficit widens
      31 18 AFP THE Philippine balance of payments deficit widened from US$37 million a year earlier to US$53 million in January, the Central Bank of the Philippines said yesterday. AFP
      AFP  -  31 words
  • Article
    Aquino's appeal
    60 18 PRESIDENT Corazon Aquino said the Philippines was committed in principle to honouring its US$2B billion debt but would have trouble unless creditors reduced interest payments and developed nations helped expand trade "We will honour our debts but, at the same time, our creditors should realise our problems." she
    60 words
  • Article, Illustration
    Lock icon Civil servants may get back '1984 NWC' cuts
    319 18  -  By CHUANG PECK MING SHOULD the economy continue to do well, civil servants who last year had part of their 1984 National Wages Council payment cut may see it restored this year. This would be in line with a recommendation by the
    Source: Report of The Task Force on Public Sector Wage Reform  -  319 words
  • Article
    Lock icon Roh outlines economic targets
    132 18 AP SOUTH KOREAN President Roh Tae-woo pledged yesterday to upgrade his country's economy to the level of developed countries by increasing the nation's annual per capita income to about US$lO,OOO in a decade. The president said the nation's per capita income would increase to about US$6,OOO
    AP  -  132 words
  • Article
    Lock icon US$9.13m 'drop of frozen light'
    100 18 UPI A LONDON jewel dealer has been identified as as the mystery bidder who paid US$9.l3 million to buy a flawless 85.91-carat. pear-shaped diamond from Sotheby's. setting a world record for any gem sold at auction. Sotheby's arch-rival. Christie's. on Wednesday sold a flawless 52.59-carat.
    UPI  -  100 words
  • Article
    Govt releases fresh evidence on Red links
    393 18  -  By MARTIN SOONG NEW EVIDENCE was released yesterday corroborating Wednesday's Home Affairs Ministry statement linking the Communist Party of Malaya to 22 people arrested last year as Marxist revolutionaries, and others conspiring to turn Singapore Red The Home Affairs Ministry yesterday gave the
    393 words
  • Article
    US Congressmen call for release of detainees
    129 18 TWENTY-THREE American Congressmen and a human rights group have urged Prime Minister Lee Kuan Yew to free the eight exdetainees and their lawyer who were arrested on Tuesday by Internal Security agents In an April 19 letter to the Prime Minister. 23 Congressmen
    129 words
  • Article
    Arrests made under good UK law: BG Lee
    131 18 BRIGADIER-GENERAL (Res) Lee Hsien Loong yesterday told the British Broadcasting Corporation World Service that the eight ex-detainees and their laywer now in detention were arrested under "good British law". He was asked on the BBC show 24 Hours why the eight were
    131 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      213 18 &,?/"$`*=*<&[/,{=<^,\_.{]{?*,?: Tennis, Russian-style WITH THEIR combination of strength and athleticism, the women on Russia's tennis team here for the DHL Singapore Women's Open are one of the strongest groups of women players in the world. Executive Lifestyle tomorrow scrutinises the intense public attention these top-ranking tennis players have received as
      213 words
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      Page 18 Advertisements Column 2
      666 18 CHEERSI Wine and spirits are part of any get-together and the biggest get-together in the wine and spirits business in Singapore recently has been the combination of the Borneo Company's liquor division with Caldbeck Macgregor. Together we can offer you an even bigger Cheers! than before. We didn't want to
      666 words
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  • SHIPPING TIMES
    • Article
      C F Sharp orders bunker ships worth $17 million
      431 19  -  By LINDA CHEE C F SHARP has ordered two bunker vessels worth $17 million for its retail business in South-east Asia C F Sharp managing director Captain Hans Rosenteldt said the contract was awarded to a Singapore yard which offered the
      431 words
    • Article
      Lock icon Anera to impose congestion surcharge at Bangkok Port
      166 19 Reuter THE ASIA-NORTH America Eastbound Rate Agreement (Anera) shipping conference told member lines to impose a progressive congestion surcharge for the container service through Bangkok Port from May 20, shipping sources said. The surcharge of US$l9O-US$25O per container in May rising to
      Reuter  -  166 words
    • Article
      APL's C10 ship to call at Singapore on May 16
      145 19 THE FIRST of American President Line s new ClO ships will arrive in Singapore on May 16 Mr Daniel P Herbert, APL managing director for South-east Asia, said a reception will be held at the port to mark the maiden
      145 words
    • PORTSIDES
      • Article
        Lock icon Witass will levy port delay charge
        117 19 Reuter THE ASSOCIATION of West India Trans-Atlantic Steam Ship Lines (Witass) said it had decided to introduce a port charge on ships docking at Corinto, Nicaragua, to cover expenses resulting from long delays at the port. It said a port delays charge of US$6
        Reuter  -  117 words
      • Article
        Lock icon P & O to resume Channel crossings
        121 19 P O to resume Channel crossings AFP P O European Ferries will resume Channel crossings from the English port of Dover next week following agreement by more than 900 seamen to return to work after an 11-week strike, the firm said. The seamen, who represent half of 1,800 strikers fired
        AFP  -  121 words
    • Article
      CONSORTIA
      163 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 Nedlloyd
      163 words
    • Article, Illustration
      Lock icon Conference finds difficulty in reaching new M'sian exporters
      1219 20 Lloyd s Maritime Asia IT IS UNLIKELY that the powerful 32-member Far Eastern Freight Conference will be put out of business because of the competition. On the contrary, it is likely to respond more defensively in the years ahead to competition from
      Lloyd s Maritime Asia  -  1,219 words
    • Article
      INDEX TO ADVERTISERS
      1125 20 AB Snpg V 5 ABC Co**o<w VHI 1 Accord Shpg VI 3 [n«. XI 3 Afr.co Oceon xii 2 A1 If r onf VII 3 AC To«pler XI 5 A we r cor Tpf XN 4 5 Anro s«'» ce IV 2/3 Arrow lines IX 5 Asion
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    • Article
      Lock icon Charterers paying high rates in dry cargo market
      371 21 Lloyd s List SHIPOWNERS' confidence m the dry cargo market was reinforced by further period time-charter activity during March with charterers willing to pay very high rates to secure a modest amount of cover. However, London shipbroker Howe Matheson has warned against
      Lloyd s List  -  371 words
    • Article
      BHP Petroleum orders dumb barge for Timor Sea oilfield
      261 21  -  From KINGSLEY WOOD BHP Petroleum has ordered from IHI in Japan a dumb barge of about 140.000dwt to be the production facility for the Timor Sea Challis oilfield. IHI also converted the 143,000dwt Jabiru Venture (ex German tanker Veba) for the
      261 words
    • Article
      Lock icon Daewoo workers to end strike
      103 21 Reuter WORKERS at South Korea's second largest shipbuilder agreed to end a three-week-old strike, South Korean company and Labour Ministry officials said. About 10,000 strikers at Daewoo Corps Okpo shipyard, on the southern island of Koje. will return to work today afterunion leaders, who had
      Reuter  -  103 words
    • Article
      Lock icon Excess tonnage must be cut to stop decline in shipping industry
      452 21 Reuter EXCESS tonnage needs to be cut in order to halt a decline in the shipping industry, speakers at a special British Maritime League (BML) conference said. BML director Michael Ranken said although owners had laid up vessels, prematurely
      Reuter  -  452 words
    • Article
      SHIPPING EVENTS
      376 21 April 19-22 Cargo liabilities, Lloyd s of London Press international maritime seminar, The Ramada Hotel, Berners St. London Wl. April 21 A simulator for training in maritime fishing operations. Nautical Institute (Humber branch) lecture. 1900 hrs. Lecture Theatre, Hull College of Higher Education. George Street Building, Hull. April
      376 words
    • Article
      Lock icon Conrail freight traffic up 9.4 per cent in first quarter
      199 21 Reuter CONSOLIDATED Rail Corp said its first quarter freight traffic, as measured by ton miles, was 9.4 per cent ahead of last year's initial quarter. Revenues rose 5.5 per cent to US$B3l million in the latest quarter, it said. Reporting
      Reuter  -  199 words
    • Article
      SHIPPING LIST where your ships are due...and when
      9158 26 AARHUt Tokio Eipress Trio* April ?3<PK) Ever Going Evergreen April 24 Ming Pescs Yang Ming April 25 B Permsi ScsnOulch* April 26 Luo m« China Ocaar April 28 Arthur Maarak Meersk Line April 26 I Villa da Levant CM 0 Alreaement April
      9,158 words
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      BUNKER MARKET REPORT
      1061 26 JH iS M F I p f,TN,GHTLY REPORT, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars, instead of single prices for more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price
      1,061 words
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      LONDON FREIGHTS
      983 27 GRAIN chartering was quie on Wednesday and the easier trend for Panamax vessels appears to be persisting with unconfirmed reports that US$l2 40 was paid from the US North Pacific to Japan, shipbrokers said. This level compared with previous fixing at $1380 and around $15.25 ruling last week
      983 words
    • Article
      SHIPS IN PORT
      1262 27 AT CONVENTIONAL WHARVES Vessel KEPPEL WHARVES Coffipon<llo George Marvdke Koto lonhuoshon Ned Man-la Ntppo Mofu Qmgshui Goto* B'oofce Strops Pr»de Tg Pe'o* Tomoe 567 Tro«S Son V.cHong Builder III frotodurbon G Seiaton 7 <•*» Soon li Ko»0 Woruno KutOi Perkoso Trode Fo«f PASIR PANJANG Berth Arrival *20
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      Who acts for whom...
      2062 28 A—B AB Shipping Boustead Shpg Agencies ABC Containerline NV S pore Shpg (S) Afieord Shpg Accord Shpg (S) Africa Ocean Lines Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Affred C Toepfer Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK) AHtrans Alltrans Express American President Lines
      2,062 words
    • Article
      Lock icon US policy will be unchanged
      379 30 America reviewing naval operations Reuter THE UNITED STATES is reviewing its naval operations in the Gulf but its policy of escorting Kuwaiti tankers is not in question, the White House said "Our (basic) policy has not changed." spokesman Marlin Fitzwater said, commenting on reports that
      Reuter  -  379 words
    • Article
      Lock icon Less tension in Gulf insurance market
      406 30 Reuter WAR RISK premiums sought by Lloyds underwriters were unchanged on Wednesday after a quiet day in the Mid-East gulf and the peaceful ending to the hijacked Kuwaiti airliner. One insurance broker said the London insurance market had stood to lose some US$5O million
      Reuter  -  406 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      846 19 *°v *o° TIMES STP Distributors PutyJishirty Group OOCL OfgENI CotitcMVl llNE WW wgents MRDINE SHIPPING AGENCIES (Reg No 24?*4 00K) 200 Cantonment Road #12 05 Southpoint. Singapore 0206 TtM *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT
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      Page 19 Advertisements Column 2
      119 19 mm THE 32-MEMBER Far Eastern Freight Conference is likely to respond more defensively in the years ahead to competition from non-conference lines which have succeeded in loosening its grip on the South-east Asia-Europe trade. Page II SHIPOWNERS' confidence in the dry cargo market was reinforced by further period time-charter activity
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      Page 19 Advertisements Column 3
      774 19 eft* TIMES STP Distributors MAERSK LINE THE SHORTEST DISTANCE BETWEEN TWO POINTS IS MAERSK LINE To Europe— UK Scandinavia Finland Thfs *ee» M Closing T.me CV 27 4 230 C MRS CFS 27 4 1300 MBS ARTHUR M 8806 ANNA M 8806 M TACOMA 8808 M ROTTERDAM 8806 ANOERS M
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      Page 20 Advertisements Column 1
      733 20 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN, AARHUS, GOTHENBURG. MALMO HELSINKI OSLO AMSTEROAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT VOY NO HAMBURG BREMERHAVEN KOWLOON BAY BENAVON OSAKA BAY KITANO MARU CITY OF EDINBURGH
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      Page 20 Advertisements Column 2
      16 20 Services represented by qhmo n rS A Registry of Accredited Shipping Agents. Singapore National Shipping Association
      16 words
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      Page 20 Advertisements Column 3
      479 20 !S! C S AV Companui Sud American j do Vjporcs S A L inc TO/FROM CHILE FEEDER VESSEL S PORE MOTHER VESSEL HK ARKA IQQ ANTOFVALP SAI CSAV 1 V 5 VELAY 13/5 1/7 1/7 UP CSAV I lIS CAR CARRIER (TOK 2*5) —2*4—3o* CSAV 3 12/5 LAJA 22/5 4/7
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      1275 21 The Straits Steamship Group Mansfield Container Shipping PteLtd P&O Containers CONTMCHSHIP SERVICE TO UK/COwfiiiNp\ STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok to* 10 units LA SEINE HAMBURG EXPRESS MMIOON BAY KNAVOft OSAKA BAT LA Pt ROUSE LARCS BAT S m N'buri I'hamt R ten it Ma IMS
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      Page 21 Advertisements Column 2
      545 21 EUROPE HMEI KOREA* SENATOR lEL6IAM SENATOR NEW YORK SENATOR JAPAN SENATOR 18 05 I! OS 20 05 21 05 02 00 03 00 04 00 05 00 07.00 09 00 10 00 11 00 '500 > 600 17.06 10 00 07 04 05 04 00.04 00 04 07.04 1004 10.04
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      477 22 s HXSINOSE MARITIME PTE LTI nn ISLAMIC REPUBLIC OF |)Uf| IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI ELISA DYO Singapore 30/5 25/« loading for BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 10/5 LAE, PMB. RBL. HRA MICRONESIA SERVICE HK LOAD FOR OCEANIA EXPRESS
      477 words
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      Page 22 Advertisements Column 2
      821 22 llSSline ih/4 comma rum FULLY CONTAINERISED SERVICE fUll* CONTAINIRISfD TO FROM NORTH *MfRICA WIS! COAST 'FDR MOTHER VESSEL NC 44E KOREAN WONIS ONE 7tt NC 44E HANJIN POHANC 78t CCN ME KOREAN WONIS SEVEN 50E CCN 44E HANJIN SEOUL S3E HKC ME PACIFIC PROSPERITY IIE HKC 54E HANJIN KUNSAN 31E
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      Page 22 Advertisements Column 3
      351 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO DUBAI: SAILING 6/5 EURO-AFRICA SERVICES FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS. TUNIS, VALLETTA, IRUN. CEUTA ALGIER ISTANBUL ILS.A. INEA PORT MORESBY, RABUAL, LAE MADANG NEW CALEDONIA A FIJI ISLAND NOUMEA SUVA/LAUTOKA 21 '5 21/5 AUSTRALIA/ NEW ZEAI
      351 words
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      Page 22 Advertisements Column 4
      1230 22 m W<-;SZi SHIPPING TIMES, Friday, April 22, 1988 EVERGREEN Full Container Service East Bound (FE/CARIB/USEC/EURQ/FE) 23/4 2W 27" 5/f K? C H I B L T S ANN ROM FLX MBC SCP EVER CRANO EVER CLAMOUR EVER GENERAL EVER GLOBE EVER GAINING ALSO ACCEPTING CARGO TO WUtI'ScTON •SW» S ETC""
      1,230 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      661 23 r PACIFIC INTERNATIONAL LINES AV\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE BANGKOK CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE VESSEL KOTA SEQAR KOTA BERANI KOTA WUAYA KOTA MULIA KOTA WMAMA VESSEL KOTA
      661 words
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      Page 23 Advertisements Column 2
      266 23 NORBUL NORBULK CARGO SERVICES LTD. 5' REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK CONTINENT PORTS TO: INDIA/PAKISTAN PORTS SPORE MAPATHON UNITED AGENCY PTE LTD TEI KL PK s p YEO SHPG TPDG KL "USM* P* JSttlOl PENANG TANJONG MARINE SDN BHD TEI WK:S SABAH TPANSPAC KK TEL 544 M
      266 words
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      Page 23 Advertisements Column 3
      628 23 \a BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FRO* UK/CONTINENT lb, S«M WM S»M S*>M Kitano M»'u StlM itiiH S»M ImM Sj>M irw Crt, i..« 04 at M r M S»M rut MM MM On L 1 w w ■nili jfcm m a* an in br
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      Page 23 Advertisements Column 4
      561 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LIBT* P.T. CESDDI LLOTD P.T. SAMUBEM INDONESIA P.T. TMKQM LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE Tt EUROPE iVSL/VOY L.J. BONTANG/14WB SRIWIJAYA/23W8 OCEAN PRIMA/10WB BILBAO ANTWERP H'BURG/ ROAM/ADAM BREMEN PALEMSANGAira 3-5/S 7/7 10/7 > UNtS<ERRA#P.»-<B I 12-14/t I- 14/7 16/7 Subject to kwhicafnant
      561 words
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      Page 23 Advertisements Column 5
      251 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR shipping cnnpnßiTinu (Burmese National Line) Spore HTONEYWA V234W 19/23 Apr BASSEIN V«9 LOIKAW V/133W 27/2J Apr PAGAN VI77W 3/5 Mar AVA V/ 50 2/3 MUv Loading for Rangoon P.Kelang Penang Bangkok 22/24 Apr Z Z BANK LINE SOU-CONTAINER SFBVirr HLavy lift Capability NORTHBOUND TO
      251 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      707 24 Klins KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH VOY *INDO 12 18/4 VOY LB 11 16/3 •PK/PNG SGP N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL VO RAINBOW BRIDGE 12 NEPTUNE GARNET 14 ORIENTAL FREEDOM 19
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      Page 24 Advertisements Column 2
      366 24 r.iu! rra Accaptlrvg LCL and South Africa NEDLLOYD COLOMBO 5234F OSAKA MARU 533W VIRGO 0301F eirgoM Mrad to Durban P.EIu C.Town 11/5 13/5 17/5 23/5 aa a/s W M it HAYAKAWA MARU SO37G VENTO 0106 VAAI SI3SG NEDUOYD COLOMBO 5234 C m Jmrri'n JARDINE SHIPPING AGENCIES (REG *****4, OOK) J?
      366 words
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      Page 24 Advertisements Column 3
      757 24 M INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore P «eUnj Penary loading lor MMtw Vil By Feeder Br ,?u T V 2L,v,, Apr Apr 20 Apr CakutUMadras TIGER BAT V 35 ARUNACMAI PRADESH ORIENT SUCCESS V 107 SO MANIPUR V 37H TIGER BAY V X INDIAN COURIER V 30N
      757 words
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      Page 24 Advertisements Column 4
      739 24 GOLDEN LINE WS £V GUAN GUAN SHIPPING (PIE) LTD V a. T«4at Ay«r Str««t SINGAPORE 01M TEL U43M (10 LINES) f»« U43M4 STRAITS/PERSIAN GULF SERVICE: Spore PK«uo( Peotnc cot DEN BEAR Cotombo Krxhi Dubai 17/ II May OK DEN HARVEST Cotombo;Karachi Dutoi 1/9 Juot CHINA SERVICE DAI YUN SHAN Dalian
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      Page 24 Advertisements Column 5
      541 24 SHIPPING TIMES, Friday, April 22, 1988 PHIU OniCNT LIN€S PT€ LTD HE AC OFFICE 63 ROHNSON ROAD -OM2 AFRO ASIA BUILOIN3 SINGAPORE 01CS TELEX R$ 287?0 PMIII FAX ??s^>b76 EAST/FAR EAST N KONG KO« KEELUNG EAST AFRICA MEDITERRANEAN SERVICE MOMBASA. DARESSALAM BEIRA TAMATAVf REUNION. TANGA LATTAKIA, BENGHAZI TRIPOLI. ALEXANDRIA ram
      541 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      733 25 NEPTUNE AGENCIES PTC LTD Fl EU/AUST TPA/SEA Q«n*ral Enqulrln: T*l: 278*977 Terminal CFS BOOKINGS Z7BS7S3 2IS C *****22 *****53 2798U9 27»1» FPt INF STO* Run kmw *****11 J'SOIU \\NEPTUNE ORIENT LINES LTD S= SSSSS FU EAST/EUROPE FULLY CONTAINERISED SERVICE A member of the ACE Consortium PMa* NEPLINE SDN BHD *****87
      733 words
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      Page 25 Advertisements Column 2
      487 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO. PENANG, BUSAN. INCHON STRAITS/KOREA SERVICE Vessel s Name ETO BS BKK S PORE PKELANG BUSAN No 8 Dorum 803N 05*04 16 04 24 26/04 27 28 04 OTOS DOCK 'Gloria 804N 14/04 2»/04 *****5 04 05 05 17 19/05 M Enterprise(M6N
      487 words
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      Page 25 Advertisements Column 3
      612 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** PENANG P KELANG MESSRS MAI THONG SHIPPINC 127 Penang Street. Penary Malaysia M S HANDLING SYSTEM CO
      612 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      402 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 >30 L.nes FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD -LIIMES T/SEEREEDEREI ROSTOCK VE.B DEUTFRACHT INTEGRATED FULL CONTAINER SERVICE SOMLAND 3« I 6ft I- 121/5 131/5 |jl/5 I 2/6 •VIA COLOMBO Accepting cargo for INDIA Bombay,
      402 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      150 26 L-.y 4 i Regional Weather m S3 is m SI s> U S SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING W*rKl direction speed m knots LIGINO R Tempwotuff c X\ y SKo-e. w.oth., W-XJ (V.ct.on -,m sc.d .n knots R<Xn Cloudy S*v Wo*# h*,gh' J C ond
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1297 27 TEL *****88 TLX RS ***** FRIENS FAX *****50 HUP WAREHOUSING TRANSPORTATION Weekly consol at our CFS to Far East: Bangkok, Hongkong, Keelung, Kaoshiung, Manila Australia: Sydney, Melbourne, Brisbane, Fremantle USA: Los Angeles, San Francisco, New York, Oakland WAREHOUSING A TRANSPORTATION PTE LTD 44 Benoi Road Singapore 2262 Tel: *****60, *****24
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      Page 27 Advertisements Column 2
      258 27 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. 03] IRAQI LINE ,B *o l ST«T| (NTfRPRISi roil MARITIMi TRANSPORT WEST BOUND SERVICE ETA S PORE 15/5 LOADING FOR icddah. Aoaba Baghdad ~e« T h R°UCH B/L» to BAGHDAD UPON REQUEST ALSO ACCEPTINC CONTAINERS UPTO AQABA t BAGHDAD REEFER SPACE AVAILABLE UPTO AOABA
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      522 28 m fine-liner shipping PTE LTD 1° Shenton Wiy. 04 0?C Marina House S pore 0?07 TEL *****77 (8 lines) TLX RS 77W1 FLINER FAX 72UM EUROPE SERVICE [LaaMEO^CEn!iaLmii."- :irsn far east service MIDDLE EAST GULF SERVICE WEEKLY HKG/CHINA SERVICES Hamburg West Germany Tiger Line BEN LINE AGENCIES (S) PTE. LTD
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      Page 28 Advertisements Column 2
      558 28 ZIM FULL CONTAINER SERVICE accepting FCLLCL cargoes to USA Eist t Wwt Coast CirribbMn.East Canada HAITI Costa Rica. El Salvador Guatemala Honduras Venezuela Peru Ecuador Colombia via Miami Trinidad Barbados Antigua St' Lucu. Montserrat. Guayana via Kingston rr M'l 11 'Bnll—■ rTT^B AUSTRALIA CONTAINER SERVICE ACCEPTING CARGO TO AOELAIOC VIA
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      Page 28 Advertisements Column 3
      553 28 SHIPPING TIMES, Friday, April 22, 1918 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO. MATARANI. ILO* AND ALL OTHER r^aTlWiefiwWiT: CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penanf* P KeUng* Singapore JOHNEVERETT MURRAYEVERETT THOMASEVERETT 2W27 Apr 3/4 May 19*20 May ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      316 29 I-;- 1 »j I •f V INTERCONTINENTAL LINE General/Marketing Agents: SEABRIDGE TRANSPORT PTE LTD (A mwntwr at tIM JEURO GROUP o< COMPANIES, Jaoan) Singapore: *****11 Tlx R*****1 SEAAIR' Fax: *****60 VMirafKHiM at PSA Multistorey Complex 270*206 Malaysia: *****33 Tlx: MA***** Fax: *****66 (SfiHJMiM WEEKLY FROM Singapore Port Kelang Penang UK/EUROPE:
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      Page 29 Advertisements Column 2
      137 29 TRAVERWAY MARITIME LTR MONTHLY CONVENTIONAL SERVICE KINALI N/3/88 Loading (or FAMAGUSTA/BEIRUT/ TRIPOLI (LEBANON)/ LATTAKIA/ISTANBUL/ MERSIN/ALEXANORIA Agents: SEALORO SNIPPING AGENCIES Spore: Tel: *****94 P.Kelang: Tel: *****18 Penang; Tel: *****6 REGULAR LINER SERVICE VESSEL S'POKE HAKKIN MARU 2/5 ANNY PATERAS 31/5 MOTS: MALMS ITEX SHIPPING PTE LTD LOAOING FOR BOMBAY/KARACHI JEDDAH/MED/ CONTINENT
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      Page 29 Advertisements Column 3
      548 29 SMG HWANG HANG LCL/FCL SERVICE Also Accepting cargo to KEELUNQ, KAOHSIUNQ. MONO KONQ, P. KELANG. BUSAN A JAPAN E. MALAYSIA BRUNEI PORTS r .i *,'.t fjviii'; TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST Uil'KU LUCKY SEAWAY SERVICES PTE LTD Tilt ***** Fai: *****77 S.E.ASIA/CHINA SERVICES SGP PKLANG PNG FOR
      548 words
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      Page 29 Advertisements Column 4
      657 29 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLORY SELATAN V V K GLORY SELATAN VI V 77 GLORY SELATAN VII GLORY SELATAN IX PKL PN BLW KAI M 21/4 24/4 BANJARMASIN 6,'S 6 VESSELS OF LOG CARRIERS 5 VESSELS
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      Page 29 Advertisements Column 5
      438 29 r PTC CONTAINER LINES FCL/ICI SERVICE PIC GMDUP FAB EAST KEELUNG/KAOHSIUNG BANGKOK MANILA JAKARTA PORT KELANG/PENANG BUSAN TOKYO/YOKO/KOBE HONG KONG also accepting cargo to Huangpu Shenzhen Fuzhou Xiamen/ Xingang, Shanghai EUROPE RDM/HAM/ANT/LE HAVRE/GENOA USA/CANADA L.A./NYC/SFO VANCOUVER/TORONTO/MONTREAL I THAI I A/HEW ZEALiHD SYD/MELB/ADEL/FREM AUCKLAND/WELLINGTON PAPUA WEW mm P. MORESBY/RABUAL/LAE SOUTH ASU
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      339 30 IllHai Sun Hup Co (Pte) Ltc TEL *****06 (20 Lines) TLX RS ***** RS 2067: I \s I I R\ \K MM K. II I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS 'Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG TAIWAN CHINESE PORTS, SUBJECT INDUCEMENT
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      Page 30 Advertisements Column 2
      548 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/WEXICO AND FRENCH WEST INDIES Sport UH«vft Competing VSL 25/4 12/5 STUTTGART EXP 2/5 11/5 NUERNBEG ATI. *5 26/5 DUSSELOORF EXP VSI I Sport |L*Hxyr« Competing VSI [£SMT S SEWa?? Toronto, jutlanoia vi 32 dusseldorf Vxp Baltimore, Portsmouth, Norfolk, Savannah
      548 words
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      Page 30 Advertisements Column 3
      226 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES MHON-MU SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** Tatsumi Marine WRECT 3AHJNQ TO PAPUA NEW GUINEA (ACCEFHNG BREAKBULK S CONTAINER CARGO) WW., .w virrv# 11/ n rummer new (also accepting transhipment cargo: OROBA Y MADANG, KIETA.
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      Page 30 Advertisements Column 4
      881 30 M 7/7, SERVICE CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 '04-*****2/4, *****3 •07-*****8 S'Sl 373 *****5 *****0 *****1 •08-*****22 *****88 TO EUROPE FEEDER B BUTANC 437 SINGAPORE I LEHARVE HM l.iMllJ l' TT 1 I J iTTI B BUTANC Ml BREMERHAVEN COPENHAGEN. HELSINKI
      881 words