The Business Times, 29 April 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, APRIL 29, 1988 75 CENTS
    11 words
  • 285 1 AP Dow Jones lower THE US stock market pulled back a bit yesterday morning in the face of rising interest rates. The Dow Jones average of 30 industrials dropped 4.64 to 2,043.27 at 1430 GMT in the first hour of trading Losers outnumbered gainers by more than
    AP  -  285 words
  • 410 1  -  By LISA LEE PROMET Berhad shares will be traded on the Stock Exchange of Singapore today after a lapse of some 19 months during which the group struggled to regain its financial footing. The re-listing comes slightly over a month after the
    410 words
  • 187 1 THE CLOSELY-WATCHED Nikkei Index surged to a record high of 27,434.12 on the Tokyo Stock Exchange yesterday as investors mounted small-lot buying in anticipation of higher prices. It was up 242.15 points. In Singapore, trading continued to be sluggish in the Singapore
    187 words
  • 129 1 THE US dollar ended steady yesterday in lucklustre trading in the Asian currency markets ahead of Japan s "Golden Week" holiday, from tomorrow to next Thursday. News that the US Senate had approved a trade bill which President Reagan is expected to veto had little impact on
    129 words
  • 363 1 AP A JAPANESE news agency reported yesterday that US intelligence agents in Singapore foiled a bid by North Korea to buy hundreds of computers from Japan. Kyodo News Service quoted unidentified US sources in Singapore as saying Central Intelligence Agency
    AP  -  363 words
  • 589 1  -  First quarter growth of about 11 pc exceptionally high By CHUANG PECK MING EMPLOYERS' Central Provident Fund contribution rate will rise by two points while that of employees will fall by one point from July. Making the announcement yesterday. First Deputy Prime
    589 words
  • 260 1 EMPLOYERS are likely to find older workers cheaper to hire from July. BT understands the government may keep employers' CPF contributions for older workers at 10 per cent when the rate for workers under 55 goes up to 12 per cent in July.
    260 words
  • 420 1  -  By WILLIAM CHIA THE GOVERNMENT'S decision to raise employers CPF contributions by 2 percentage points and reduce employees' contributions by one point from July 1 has generally been well received by employers and unions. Mr Jack Chia. president of the Singapore National
    420 words
  • 88 1 AFP PRESIDENT Roh Tae-Woo's failure to win a majority in the National Assembly has created a mood of uncertainty for the corporate giants that created South Korea s economic miracle. Analysts in the country's top economic think-tanks were yesterday predicting a period of
    AFP  -  88 words
  • Page 1 Advertisements
    • 100 1 SDATACRAfT I y f //i Amnuni(otwi_l the cSMMiWICAWWHgW;. H nOKOntf ]g|; 225-5100 LUMPUR) Full report, Page 14 Regional markets, Page 16 World markets, Page 17 LEGENDARY CROCODILE ALWAYS IN DEMAND l)is< over tin* reasons RO( ODILE is fast ht'iomint; Sinjyporc's best rcsoun e tor men. ONE EXCLUSIVE DESK TOP CALCULATOR/PEN
      100 words
    • 333 1 When it rains in Perth, it pours AUSTRALIAN BUSINESSMAN Kevin Parry, who 1 lost the America's Cup to the United States last r W year, has also lost control of his Perth-based fCwS Parry Corporation to Hongkong. In a boardroom battle last week, Mr Parry was ousted as chairman and
      333 words
    • 13 1 Leader, Page 10 Former Seoul premier rules out alliance with Roh, Page 3
      13 words
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  • HOME NEWS
    • 521 2  -  Ball Partnership leads the winners' list By GENEVIEVE CUA IT WAS TOUGHER this time round and the results showed it. The 1988 Creative Circle Awards, the advertising industry's Oscar night, reaped a small harvest of golds as entries met with
      521 words
    • 424 2  -  By TONG SUIT CHEE SKILLED construction workers saw their wages fall last year by an average 4 per cent. Only plumbers bucked the trend, enjoying an average daily wage increase of $1.20. The relative scarcity of plumbers and the large number of renovation jobs meant plumbers
      424 words
    • 166 2 THERE HAS BEEN an overwhelming response to the Urban Redevelopment Authority's second sale of pre-war houses in the Tanjong Pagar conservation area. When the public tender closed yesterday. 72 companies and individuals had put in 186 bids for the 81 shophouses spread over 63 land
      166 words
    • 342 2 SINGAPORE AIRLINES, which currently operates three services a week to New Zealand, will add a fourth flight from September to Christchurch and Auckland in time to meet the peak season demand. Air New Zealand, which now has four weekly services from Auckland to
      342 words
    • 274 2 THE GENEVA-BASED World Intellectual Property Organization (WIPO) has offered its expertise and experience to Singapore to prepare and introduce a new patent system. This message was relayed yesterday on behalf of the direc-tor-general of the United Nations body, Mr Arpad Bogsch, by his
      274 words
    • 286 2 FOREIGN MINISTER Mr S Dhanabalan will lead the Singapore delegation to next week's meeting of foreign ministers from Asean and the European Community, after which he will visit two Scandinavian countries. The two-day meeting in Dusseldorf, West Germany, will begin on Monday. The Singapore Foreign
      286 words
    • 176 2 MEMBERS of the two select committees looking into the Corruption (Confiscation of Benefits) Bill and the Building Control Bill have been named. The Select Committee on the Corruption (Confiscation of Benefits) Bill comprises Law Minister E W Barker; Home Affairs Minister and Second Law
      176 words
    • 294 2  -  By LEE KAI YIN A LOS ANGELES-based company seeking to operate trade centres has applied for operational headquarters status in Singapore, according to a senior executive Asiontrade Group Inc vice-president Douglas Duffy last week met officials from the Economic Development Board which administers the Operational
      294 words
    • 219 2 AN IRRESISTIBLE and tactile tourist brochure produced for the Singapore Tourist Promotion Board by a Singapore agency has won a top international award. The Singapore Book, a lavish colour brochure packed with ingenious pop-up items found in everyday Singapore life, has won a
      219 words
  • Page 2 Advertisements
    • 120 2 "HI 'A r-*. s,- > V "You say a filing cabinet stood there, sir, so how come there are no marks on the carpet?" "Loboflor." With 80 million fibres in every metre, Loboflor carpet leaves no evidence of where heavy furniture once stood. Loboflor far out-lasts conventional carpet So tough,
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  • Page 2 Miscellaneous
    • 93 2 mmm Adelaide Amsterdam Athens Bahrain Bangkok Barbados Beijing Beirut Belgrade Berlin Bermuda Moscow Nassau New Delhi New York Nicosia Oslo Paris Perth Rio 'Janeiro Rome San Fris'e© San Juan Santiago Soo Paulo Seoul Stockholm Sydney Taipei Tel Aviv Tokyo Toronto Voncouver Vienna Warsaw Washington 06/-4 Cloudy 33/23 Clear 38/23 Clear
      93 words

  • ASIA – PACIFIC
    • 460 3 Reuter ./-.FORMER SOUTH KOREAN pre-*-#mier Kim Jong-Pil, whose small party holds the balance of power in the country's £.new parliament, has flatly rejected suggestions of an alliance with President Roh Tae-Woo's government. Mr Roh's Democratic Justice Party (DJP) suffered a humiliating
      Reuter  -  460 words
    • 476 3 Reuter CHINA has made its case for re-admission to international trade body Gatt, saying it no longer has a centrally planned economy and is reforming its system of foreign trade, Gatt delegates said on Wednesday. In a two-day meeting in Geneva which
      Reuter  -  476 words
    • 128 3 Reuter CHINA'S state firms were short of power, raw materials and cash in the first quarter but sales were brisk and equipment utilisation up. The Beijing Financial Times quoted a survey of 425 state firms as saying they got 84 2 per cent of
      Reuter  -  128 words
    • 270 3 Reuter WIDESPREAD panic buying of goods is causing prices in China to soar, encouraging rationing and black-market profiteering, China's Economic Daily newspaper reported. The paper said on Wednesday the panic buying was the result of people having too much money to spend
      Reuter  -  270 words
    • 311 3 AFP THE INDIAN government has proposed to boost exports and domestic enterprise through a package of measures which include rebates and relaxation of procedures. Finance Minister Narain Dutt Tiwari tabled a new finance bill in parliament's lower house, announcing the proposals were
      AFP  -  311 words
    • 113 3 AP SENIOR US trade officials, seeking to enter the vast Indian telecommunications market, said they have identified 33 projects for American assistance and agreed to finance a training programme. Charles E Cobb, Assistant Secretary for Trade Development in the US Commerce Department, told a
      AP  -  113 words
    • 294 3 AP A SOVIET military commander was quoted on Wednesday as saying the Soviet Union would not act militarily in the Gulf because it could lead to a Third World War. The Kuwaiti daily Al-Seyas-sah quoted Gen Yuri Markivov as calling the continuation
      AP  -  294 words
    • 317 3 US companies reacting positively to tariff cuts, says official AP AN AMERICAN trade official said US exports to Taiwan rose significantly last year, even when large gold purchases by Taiwan were not counted. Assistant Trade Representative Peter Allgeier. who heads a
      AP  -  317 words
    • 174 3 Reuter AUSTRALIAN FEDERAL Attor-ney-General Lionel Bowen said the government was anxious to achieve more streamlined corporate law in Australia because the present scheme was cumbersome and not working. He said he hoped new legislation would be submitted to parliament by mid-year for discussion.
      Reuter  -  174 words
    • 353 3 Reuter JAPAN'S vehicle exports rose 3.9 per cent from a year earlier to 462,468 in March, the first year-on-year gain in three months, helped by an increase in shipments to South-east Asia and the Middle East, a Japan Automobile Manufacturers Association official
      Reuter  -  353 words
    • 140 3 AFP JAPANESE companies stepped up investment abroad last year in an effort to cope with the appreciation of the yen, a semigovernmental group said in Tokyo on Wednesday. Japanese firms were particularly active in Asian countries, including Singapore. Hongkong, Taiwan and South Korea. The Japan External Trade
      AFP  -  140 words
  • Page 3 Advertisements

  • REST OF THE WORLD
    • 552 4 AP PRESIDENT RONALD REAGAN says he will veto a comprehensive US trade bill that cleared the Senate by a vote of 63-36, three votes short of the margin sought by sponsors to enact the measure over his objection. Mr Reagan, who has vowed
      AP  -  552 words
    • 397 4 UPI JAPANESE Prime Minister Noboru Takeshita declared in Tokyo on Wednesday: "We shall continue to appeal to the United States government" to prevent enactment of the US trade bill and continue to work against an American drift towards protectionism. Mr Takeshita made the
      UPI  -  397 words
    • 466 4 AP THE EUROPEAN Community (EC) is willing to consider tariffs or quotas against Japanese products if Japan tries to take advantage of the integration of the European market in 1992. Andreas Van Agt, head of the EC delegation, said on Wednesday
      AP  -  466 words
    • 177 4 Reuter NORWEGIAN Finance Minister Gunnar Berge ruled out any fresh measures to tighten economic policy in the revised 1988 budget, due to be presented next week. "The government will not present any major new measures to tighten economic policy in the revised
      Reuter  -  177 words
    • 102 4 Reuter SWEDEN'S Finance Ministry said state borrowing requirements during 1988 would be limited to four billion crowns as a result of a low budget deficit. The ministry said in its revised finance bill that the low borrowing requirement would mean that the state would not need
      Reuter  -  102 words
    • 239 4 Reuter AMERICAN industry, already facing fierce foreign competition, will see even tougher times in the 1990s from powerful threats posed by Europe. Korea and Taiwan, the chairman of the General Electric Co said on Wednesday. "The nineties will be a whiteknuckle
      Reuter  -  239 words
    • 411 4 AP HERE AT A glance are highlights of a sweeping trade bill approved on Wednesday by the US Senate: e Authorises the president to reach international trade agreements and guarantees them speeded up consideration with amendments ruled out. e Transfers
      AP  -  411 words
    • 901 4 ARRIVALS Operator Service number Local From time MAS SIA CPA SWR GU SIA RBA SAS SIA PAL THAI SIA SIA CIA GU SN MAS SU su su SIA SIA SIA THAI RJ GU SIA THAI CPA MAS MAS BA Al MAS ATLOT MAS SU ANZ SIA AC
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  • Page 4 Advertisements
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  • Page 4 Miscellaneous

  • COMMODITIES
    • 183 5 SINGAPORE The market closed easier with May 1 RSS buyers quoted at 241.00 cents a kilo. down 2.50 cents from Wednesday's close. Dealers said prices were easier at the outset and continued to drift lower towards the morning close on some speculative selling in quiet trading. Dealers said prices
      183 words
    • 235 5 RAS prices in S cents/kg, FOB in bates NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 244.50 245.50N 242.50 243.50N (nt 1 RSS May 88 243.00 244.00N 241.00 242.00 Int 1 RSS June 243.00 244.00 241.00 242.00 Int 2 RSS OP 241.50 243.50N 239.50 241.50N
      235 words
    • 74 5 (cants/kg) MAY 1988 JUNE 1988 (current month) (forward month) RAS NOON NOON Buyers S«ll*rj Buyers S«ll«rs SSR 20 234.00 236.00N 234.00 236.00N SS« 50 232.50 234.50N 232.50 234.50N MRELB Buyers S«ll«rs Buy»rs SMR CV 396.50 398.50N 397.50 399.50M SMR L 410.00 412.00N 411.00 413.00N SMR 5 318.50
      74 words
    • 77 5 DULL. with prices are steady. Closing prices for crude (FOB origin) US$/barrel Otang* Topii (May) 17.40 unch Minoj (May) 16.40 undi Dubai (June) 15.60 -0.05 W«ft Texas WTI (Jim)* 18.30 -0.12 N«w York dot* pravio u» doy. Products (FOB S'pore) US$/borr»l Chang* KtroMn 21.40 undi Go soil
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    • 132 5 Bernama Reuter BUSINESS ON THE Kuala Lumpur tin market was done at M 517.35 per kg (ex-smelter) yesterday, up three cents from Tuesday on an official offering of 46 tonnes. Tin futures closed steady in quiet trading on short-covering encouraged by a lower US dollar against the ringgit
      Bernama; Reuter  -  132 words
    • 408 5 Bernama ES Malaysian crude palm oil future* closed slightly easier in quiet trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said profit-taking and the quietness of the physical market caused prices to ease slightly. May dropped $4 to MS9SB a tonne, June eased $5 to $934 while
      Bernama ES  -  408 words
    • 238 5 Chinese Produce Exchange Sollora' noon doting prices on April 28 (SS/100 kg) Coconut oil k* FO# 107.00 Otd drum FOB 117.00 New drum FO* 121.00 Copra Mixed [loon) 61 Pepper Muntok white FO# NIW 1077JO Sarawak «Mm FO* foq NIW 1062JO Sarawak special block FO* NIW 667JO Sarawak
      238 words
    • 88 5 Reuter CBT WHEAT futures closed mostly lower on Wednesday, ranging from off 1-1/2 cents a bushel in spot May at $3.10-1/2, to unchanged in distant March. Prices fluctuated on either side of Tuesday's closing levels, as weather uncertainties coupled with volatile soycomplex prices combined to leave prices without firm
      Reuter  -  88 words
    • 97 5 Reuter CBT SOYBEAN futures recovered from early losses to range from off 1-3/4 cents to up three cents a bushel at the close on Wednesday. Spot May eased 1-3/4 cents at $6.75 3/4. After pulling back from Tuesday's sharp rally, based in part on a misconstrued Usda official's statement
      Reuter  -  97 words
    • 354 5 HONGKONG: The metal closed slightly higher in quiet two-way trading yesterday, dealers said. They said there was short-covering by US investors and light selling by Australian investors sporadically throughout the day. News of the meeting between Opec and non-Opec producer countries provided some support. Bullion ended at U*****.90/452.30
      354 words
  • Page 5 Advertisements
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      58 words

  • MONEY AND EXCHANGES
    • 81 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****S 28.7.88 3.06 3.01 3.03 2.95 6 months BY*****H 22.9.88 3.12 3.07 1 year BY*****Z 23.3.89 3.21 3.16 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
      81 words
    • 351 6  -  By PATRICIA M SCHERSCHEL ASIA s developing countries must increasingly supplement government borrowings with private investment capital if they are to finance their growing investment needs, Mr Masao Fujioka, president of the Asian Development Bank, told delegates attending yesterday's session of the ADB's
      351 words
    • 110 6 Reuter THE COMBINED assets of Taiwan s offshore banking units rose 1 95 per cent to US$lO 99 billion at endMarch from $10 78 billion in February, the central bank said OBU assets were $6 6 billion in March 1987. About 60 per cent
      Reuter  -  110 words
    • 1061 6 SINGAPORE: The American dollar ended slightly lower against most major currencies yesterday while sterling closed firmer, dealers said. The US unit closed at New York's 124 80/90 yen finish, slightly below its 124.85/95 open here It ended at 1.6720/30 marks against New York's 1.6745/50 close, and at 1
      1,061 words
    • 193 6 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on April 28 US$ DM SWFC Yen 7 days 7 6 7/8 7 9/16 7/16 3 3/8 1/4 1 7/8 5/8 3 7/8 3/4 1 rwh 7 1/16 6
      193 words
    • 60 6 THE OVERNIGHT rate on the Singapore interbank market rose !4-point to 314 per cent yesterday. The one and two-month rates were up 1/16 point each S$ interbank rates at 12 noon yester day: Offt» wo 3 1/4 3 1/e 1-monrti 3 5/16 3 3/16 2-mooih 3 5/16 3
      60 words
    • 472 6 JUNE EURODOLLAR yesterday opened slightly lower than the previous closing level at 92.48. The June contract was locked within a range of 92 49 and 92.47 as traders adjusted positions ahead of the long weekend. June Eurodollar managed to close 1 tick lower at 92.48 in dull trading. Currency
      472 words
    • 264 6 Reuter IMM CURRENCY futures closed slightly higher and near session highs on Wednesday after firming on shortcovering in the final hour. Day traders covered short positions after prices held technical support levels on an earlier fall, traders said. Analyst Marc Chandler of Dean Witter Reynolds noted that June yen
      Reuter  -  264 words
    • 1618 6 CURRENCY FUTURES OPTIONS Thursday, April 28, 1 988 OEUTSCHEMARK (SIMEX) May M call* May M puts High Low San High Low San 54 CAI CAI 56 cxj 57 2978 302 CXg 58 195B 200 CA| 59 981 —102 3 60 26 26 26 26 25 26 61 3 106A
      1,618 words
  • Page 6 Advertisements
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      240 words
    • 9 6 Hi EANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106
      9 words

  • Page 7 Advertisements
    • 321 7 made it to the TOP The computing power of Wearnes Technology's ALR range of microcomputers has created a distinct impact internationally. While Wearnes Technology was described by Fortune magazine as "a computer mini-conglomerate based in Singapore", its range of microcomputers have received rave reviews in the technical and trade journals,
      321 words

  • BANKING AND FINANCE
    • 393 8 FINANCE COMPANY kingpin Hong Leong Finance and its subsidiary Singapore Finance have decided to take three local banking giants head-on in the housing loan war. The two companies' reply to the aggressive moves and counter-moves by DBS Bank, Oversea-Chinese Banking Corporation and United
      393 words
    • 254 8 Reuter DAIWA SECURITIES America Inc had acquired five more seats on the Chicago Mercantile Exchange in preparation for CME clearing membership, said a senior officer of the US unit of Japan's Daiwa Securities Co. Daiwa already has one seat. Hideki Matsuura, senior vice-president
      Reuter  -  254 words
    • 190 8 Gold futures on April 27 100 troy ounces. USS par troy o unca Opwi Ht«h tmrn A** 450.50 453 20 449.50 452 30 2 JO mot 452.30 2 JO hm 451.00 455 00 450 80 454.30 3.00 Aug ***** 459.20 455 60 458.70 3.00 Oct 461 60
      190 words
    • 277 8 Asian market ASIAN DOLLAR deposits closed steady at opening levels yesterday, dealers said. They said most operators were reluctant to take up fresh positions due to a general lack of interest. The market will be waiting for today s release of US March single family home sales and leading indicators
      277 words
  • Page 8 Advertisements
    • 1687 8 Westpac Banking Corporation STATEMENT OF ACCOUNTS FOR YEAR ENDED 30 SEPTEMBER 1987 Westpac Banking Corporation Group Consolidated Balance Sheet at 30 September 1987 (All figures quoted in Australian dollars) Authorised capital 1,000 million ordinary shares of 1 each Share capital and reserves Issued and paid up capital 553,757,348 (1986 537,594,263)
      1,687 words

  • TECHNOLOGY
    • 813 9 I?® JT COMPUTER SHOWS in Singapore are passe. Back in 1983 and 1984, they were the rage; everyone flocked to the latest exhibition of micro computers and peripherals. And there were three or four a year. But the last micro computer Show
      JT  -  813 words
    • 552 9  -  By LILY FERNANDEZ FRANCE Telecom International, together with the French Embassy, is promoting the use of the French Minitel videotex network in Singapore. The move represents an attempt by France to capture a slice of the world's computer pie. now dominated by
      552 words
    • 615 9  -  By JEFFREY TSANG THE RESEARCHER speaks to a book-like device on his table asking for population statistics for the countries in this region. Then he asks for the per capita income of each of these countries. The little device obeys and obtains the information.
      615 words
    • 281 9 JUST EIGHT MONTHS in Singapore and Cadnetix Singapore Re Ltd has already hit the big time. The Colorado-based company has sold five of its comput-er-aided design and engineering systems worth a total of $2 million. Cadnetix managed to outbid several "old-timers" in the business, including
      281 words
  • Page 9 Advertisements
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      258 words
    • 194 9 If you are serious about your phone system National Telephone Systems LONDON For homes and O offices Uo to 4 lines W offices Up to 4 lines. 8 extensions liil minimi The LONDON Range from National Telephone Systems (UK). Versatile. Flexible. Inexpensive. Low-cost LONDON 8 offers such versatility you'd expect
      194 words

  • PERSPECTIVE
    • 444 10 THE RULING Democratic Justice Party's (DJP) loss of control over South Korea's National Assembly for the first time in 40 year threatens the country with further bouts of political instability. The DJP s secretary general, Mr Shim Myong80, can be counted among the pessimists.
      444 words
    • 1446 10  -  Boardroom bullies or saviours of the debt-ridden Parry Corporation? Last week, founder Kevin Parry was unceremoniously removed as chairman and chief executive of his Perth-based company by Hongkong's Hang Lung. Cash injection from the 'white knight' has come at a high
      1,446 words
    • 1269 11  -  After selling 50 million cars worldwide, Toyota is now a household name. BT journalist SHAHRIR ARIFF, recently back from Japan, outlines the many challenges facing Toyota today and provides an overview of its 50-year history. SHAHRIR ARIFF JAPAN s Toyota Motor Corporation tries
      Source: Toyota Motor Corporation  -  1,269 words
    • 862 11 TOYOTA, Japan's biggest car maker and the world's number three, almost didn't make it twice. Unknown to many, Toyota City was targetted for the third A-bomb, after Hiroshima and Nagasaki. And in 1950, the company very nearly went down the gutters. Chairman Eiji Toyoda,
      862 words
  • Page 10 Advertisements
    • 117 10 SCANDUTCH SERVES ITALY wcanDutch goes direct to northern Italy each week. We depart Singapore every Wednesday, reaching La Spezia in just 19 days. From this modern container port, there are blocktrains to the region's prosperous industrial centres: to Genoa, Milan, I urin and Padua. Consignees in central Italy are served
      117 words
  • Page 10 Miscellaneous
    • 697 10 TCMHicxDcaa mmmm CRYPTIC PUZZLE ACROSS 4 Something must have caused it (6) 7 Milky water? (5. 3) 8 Is miserly with a little colour in a vessel (6) 10 Tough new rents (5) 13 Genuine component of fire alarms (4) 14 Popular singer, but a cruel marquis (4) 15 The
      697 words

  • Page 11 Miscellaneous
    • 1430 11 w sm aaoQQ PM Opening and Programme Highlights followed by Golf: Dunhill Cup Podfic Finals '88. Recorded highlights of tournament being played in Chung Shan, PRC (L). Hot Boards. Coming Attractions. War Chronicles Okinawa: The Lost Battle. World Musk Album. 25th Anniversary Special On The Buses: Busmen's Perks (r). Martin
      1,430 words
    • 32 11 DAD CvEMNG STANOAMO CO ITO I*2Ka WA i /I'm KNCIo you BRPatfS -"VMFVT'S U3MV I GOT N/QU J°6 hT CHCSTeJ?- I PegßrS IN TH£ FiRST PLACE i V THC Lire P»HD T»meS
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  • SPORTS & LEISURE
    • 467 12 UPI JOHN McENROE, insisting he can return to the top of tennis, beat Jimmy Connors 7-5, 6-1 in the opening round of the US$5OO,OOO AT&T Challenge in Atlanta on Wednesday. McEnroe, attempting a comeback after a seven-month lay-off, used a powerful serve and crisp ground
      UPI  -  467 words
    • 421 12 UPI AFRICAN NATIONS are going ahead with their preparations for the Seoul Olympics in the firm conviction that Britain's South African-born runner, Zola Budd, will not be going to South Korea. Sam Ramsamy, general secretary of the South African
      UPI  -  421 words
    • 155 13 AFP CANADIAN CI iff Thorburn withstood the gallant challenge of England's Steve James to win a semi-final place in the world snooker championship in Sheffield, England, on Wednesday. The world No. 4, only able to play in the championship after the High Court postponed a disciplinary
      AFP  -  155 words
    • 141 13 Reuter WORLD CHAMPION Jansher Khan beat second seed Chris Dittmar in four sets to win the final of the Paris Open squash championship on Wednesday. The Pakistani won 9-1, 10-9. 3-9. 9-4 in 60 minutes. The Australian started sluggishly and after losing the opening game and
      Reuter  -  141 words
    • 285 13 Reuter AUSTRALIAN lain Murray has announced a lastminute bid to take part in the 1988 America's Cup. Murray, on behalf of the Australian Endeavour Syndicate. said in Sydney late on Wednesday that he planned to challenge New Zealand's Michael Fay
      Reuter  -  285 words
    • 105 13 Reuter THE BALTIMORE ORIOLES tied the American League baseball record for most consecutive losses by dropping their 20th consecutive game on Wednesday, losing 7-6 to the Minnesota Twins in Minneapolis. The once proud Orioles share the dubious honour of consecutive losses in
      Reuter  -  105 words
    • 501 13  -  HOMOKRB7 908IHB8S with Mike Cashmore THE GAME of golf does not produce the number of fractures, strains and sprains that are common in more vigorous sports. But golf injuries do warrant attention, if only because so many enjoy the sport. The US National
      501 words
    • 232 13 AP JIMMY "the Greek Snyder, who was fired by the CBS television network In January for off-air racial remarks, made a similar blunder on Wednesday at the preview dinner for the Blue Grass Stakes at the Keeneland race course in Kentucky. After making
      AP  -  232 words
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      249 words

  • Page 13 Advertisements
    • 287 13 and entertain 4 There's a cafe on a lush, green hi 11... where you can take a break Meet friends Relax Make choices from the delightful international cuisine and Asian favourites. Prawn Mee. Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cafe in the Park Ample
      287 words
    • 263 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET AN(TI MER IS THE CHOICE Of MAIN (X X KSI.S w For between $26+ and $40+ Pll I ou tan sc et 1 f rom our appetiser UIXILL buffet including seafood, smoked salmon and oysters. Choose from
      263 words
    • 1059 13 Tt UNIPHONE TELECOMMUNICATIONS BERHAD (Incorporated in Malaysia) m-ECOMMUWCATIOWS PRELIMINARY ANNOUNCEMENT OF AUDITED RESULTS AND DIVIDEND FOR THE YEAR ENDED 31 JANUARY 1988 1. RESULTS The Board of Directors hereby announce the audited results of the Group and the Company for the year ended 31 January 1988 with the appropriate comparative
      1,059 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4705 14 BARGAIN-HUNTING drove share prices marginally higher on the stock market yesterday. However, trading remained quiet ahead of the long weekend. Activity continued to be evenly spread out between both Singa-pore-based and Malaysianbased equities. Brokers said the overnight three-point rise in Wall Street had little impact
      4,705 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 488 15 ftW® 870(3(2™ By HOCK LOCK SIEW YET AGAIN shareholders are stymied. A listed company chooses to seek suspension of trading in its shares rather than allow shareholders to exercise their right of access to an open, regulated market. Hotel Marco
      By HOCK LOCK SIEW  -  488 words
    • 149 15 LANDMARKS Holdings Bhd has informed the Kuala Lumpur Stock Exchange that there is no truth in an article in The Star which said that the company had sold the Regent Hotel of Kuala Lumpur for M 560.2 million. The Star reported yesterday
      149 words
    • 3231 15 B.D 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".
      3,231 words
    • 300 15 Managers' prices for April 29 Jopon Gr Fund Stienton Thrift Fund 1 63 081 1 68* 081 Singapore Unit Trust The Co»iwc« 095 1 01 The Savings Fund 081 087 S'pore Prog Fund 0 39 043 S'pore Sec Fund 064 0 69 S'pore Invest Fund 0 68 0
      300 words
    • 219 15 SELANGOR PROPERTIES Berhad: 26th AGM at 4th Floor, Wisma Perdana, Jalan Dungun, Damansara Heights. ***** Kuala Lumpur today at 11.30pm KRAMAT TIN DREDGING Berhad: 59th AGM at the PNB Theatrette. 2nd Floor, Menara PNB. 201A, Jalan Tun RazaK. ***** Kuala Lumpur on Wednesday, May 4. at 10 30am.
      219 words
    • 497 15 MBT THE graduated commission system, which was booted out by the Kuala Lumpur Stock Exchange members last December, may become a reality after all on the Malaysian stock market. It is, however, understood that most stockbrokers would like a couple of "concessions" from
      MBT  -  497 words
    • 405 15 THE UOB GROUP, one of the Big Four local banks, did well last year to register a 31.5 per cent increase in net profit to $139.45 million. But its major subsidiaries turned in mixed performances. The latest UOB annual report shows that the group's
      405 words
    • 263 15  -  By CORRINA LIM SPECULATION is rife in the local stock market that Temasek Holdings. the biggest shareholder in trading-based Intraco Ltd, is planning to dispose of a significant block of its shares in the company. Market talk has it
      263 words
    • 239 15 LION CORP-LD NATHAN MERGER CASE ON THE FINAL DAY of the LionNathan hearing yesterday, the New Zealand High Court was told that an injunction against Lior Corporation should not be granted because third parties would be adversely affected. The lawyer for Fay
      239 words
  • Page 15 Advertisements
    • 83 15 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 into
      83 words

  • REGIONAL MARKETS
    • 2981 16 SHARE PRICES on the Kuala Lumpur stock market closed steady yesterday in sluggish trading. The market opened slightly higher in response to an overnight rise on Wall Street. However, trading conditions was quiet in most sectors in the absence of any clear
      2,981 words
    • 1436 16 Hongkong Reuter HONGKONG stocks closed slightly lower yesterday in fairly quiet trading, brokers said. The Hang Seng Index eased 3.88 points to 2.588.14 on turnover of HK5913.83 million against Wednesday s HK5837.90 million. The broader based Hong Kong Index was off 2.13 at 1,705.22. Brokers said investors
      Reuter  -  1,436 words
    • 134 16 AM M WON Che«l Sugar 3200( -1000 uaeum irxj ***** 1000 Daewoo Corp ***** 800 Daewoo Heavy Daiahin Securities 1S90C 4090C *600 -300 -700 Dong Ah Phar 1450( Dong Suh Slock ***** -300 Dongtou St»«! Gold Star Hand Bank 2220C 214a 1240C -1000 100 -300 Ha nil Ceinei il
      134 words
    • 485 16 Reuter TOKYO share prices closed sharply up yesterday on active bargainhunting after Wednesday's fall, taking the Nikkei Index to a new peak, despite the overnight passage of a sweeping trade bill by the US Senate, brokers said. "Even if it (the bill) goes through, it doesn't seem like it
      Reuter  -  485 words
    • 456 16 Reuter THE AUSTRALIAN share market closed higher yesterday, but brokers said its improved performance did little to dispel hesitation among buyers and sellers. The brokers noted that share turnover was boosted by the exercise of options in at least four leading stocks. "The market did perform better than we
      Reuter  -  456 words
    • 165 16 Reuter THE SECURITIES Exchange of Thailand Index rose 8.63 points to 412.17 yesterday on a turnover of 7,009,609 shares valued at 630.502 million baht. am n bamt 1Ao Kham Thai 234 unch Ayudhya Invaatmarrt 382 8 Bangkok Agro-lnd 144 1 Bangkok Bank 329 2 Bank Of Ayudhya 356 unch
      Reuter  -  165 words
    • 299 16 Am a WT S All Sincara Indus 424 *0 12 Asia Camant 84 00 -OS Cathay Cora 94 00 2 5 Chang Hwa Bank 405 00 11 Chang Loong 54 00 -17 Chia Hsin Camant 60 00 -1 Chin Hsin Flour 23 50 -07 China Cham 42 00 •08
      299 words
    • 97 16 AMI PESOS 1Acoie Mining Anglo Phil 0 012 *0 002 Ap«x Mining B 0 027 -0 001 Atlas Con B 22 75 -0 25 Baguio Gold Basic Pstrolaum 0016 uncti Banguat Con B S3 -2 First Phil Hldgs 8 SO uncti tepanio B 0 47 -0 01 Marcopp*' 0
      97 words
  • Page 16 Advertisements
    • 781 16 NOTICES ICB INSURANCE INVESTMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING (Pursuant to Section 308(1) NOTICE IS HEREBY GIVEN In pursuance to Section 308(1) of the Companies Act, Cap.so, that a general meeting of the abovenamed Company will be held at 9 Penang Road #10-07, Supreme
      781 words
    • 552 16 KUNG SIONG HOLDINGS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING (Pursuant to Section 308(1) NOTICE IS HEREBY GIVEN in pursuance to Section 308(1) of the Companies Act. Cap. 50. that a general meeting of the abovenamed Company will be held at 9 Penang Road #10-07, Supreme
      552 words
    • 600 16 NOTICE NOTICE IS HEREBY GIVEN THAT, I Neo Kean Jong of Blk. 234 Toa Payoh Lor. 8 #03-288, Singapore 1231 have applied for a Beer House Second Class licence in respect of premises at M/s Gold Mountain Eating House at Blk 151 Serangoon North Ave 2 #01-41, Singapore 1955 and
      600 words
    • 465 16 IN THE MATTER OF THE COMPANIES ACT CAP.SO AND IN THE MATTER OF TOTAL SALE (S) PTE LTD At an Extraordinary General Meeting of the Company held at 1 Colombo Court, #08-15, Singapore 0617, on 25th April, 1968, the following Special Resolutions were passe d(a)That the Company be wound-up voluntarily
      465 words

  • WORLD MARKETS
    • 1016 17 New York Reuter WALL STREET stocks closed mixed on Wednesday with blue chips showing unconvincing gains, brokers said. Program sellers held back blue chip gains, they added, with only Dupont propping up the group. However, unlike recent sessions, no sudden moves appeared towards the close. The Dow
      Reuter  -  1,016 words
    • 1014 17 London LONDON share prices were marked lower across a broad front at the official 0800 GMT opening yesterday amid fears that market leader ICI might announce a rights issue along with yesterday's first quarter results, dealers commented. "This is very much a defensive mark down. No one
      1,014 words
    • 1322 17 Selected indices HONGKONG Hongkong Index Thursday 1,705 22 Wednesday 1.707 35 Week ago 1.678 59 Hang Seng Index Thursday 2.***** Wednesday 2.***** Week ago 2.***** All Industrials Thursday 2.329 2 Wednesday 2.3182 Wee* ogo 2.291 1 NEW YORK Dow Jones Wednesday 2.047 91 T uesday 2.044 76 Week ago 1.985
      1,322 words
    • 69 17 NYT THE SHELL Oil Co has announced that its first-quar-ter earnings totalled US$l.2 billion, up sharply from US$lOB million in the comparable 1987 period. The results included a one-time gain of US$9OO million resulting from the adoption of a new financial accounting standard on income taxes Shell,
      NYT  -  69 words
    • 121 17 AFP BTR NYLEX Ltd has secured full control of glass and packaging giant ACI International Ltd in a Asl 6 billion takeover. BTR announced in Melbourne on Wednesday. BTR managing director Alan Jackson said in a statement that his company would gain 100 per
      AFP  -  121 words
    • 292 17 Reuter CARTIER INTERNATIONAL, the elite French jeweller, said on Wednesday that it was eyeing further purchases after snapping up luxury Swiss watchmaker Piaget and Piaget subsidiary Baume et Mercier for an undisclosed sum. "We are now negotiating two more acquisitions which should be completed before the
      Reuter  -  292 words
  • Page 17 Advertisements
    • 829 17 The Sumitomo Trust Banking Co., Ltd. Non-Consolidated Balance Sheet As at March, 1987 and 1986 Mdhons of Yen Statement of Trust Account As at March, 1987 and 1986 MiMow of Yen Cash and Qua from Banks Cafl Loans (Nota 3) Trading Account Securities (Note 4) Securities (Nola 5) Loans and
      829 words
    • 349 17 NOTICES the companies act CHAPTER 50 SECTION 290 (2Mb) NOTICE OF RESOLUTION J&JHO (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of J J HO (SINGAPORE) PTE LTD held on the 20th day of April 1988, the following special resolutions were duly passed: RESOLVED THAT: 1)
      349 words

  • 549 18  -  Re-arrested and their lawyer make statutory declarations By MARTIN SOONG THE GOVERNMENT yesterday presented legal proof that the public accusations of torture made by nine ex-detainees last week, and their denials of involvement in a Marxist conspiracy, were false. Signed statutory declarations from eight of the
    549 words
  • 469 18  -  By BOEY KIT YIN LAWYER Patrick Seong Kwok Kei, who was arrested with eight ex-detamees last week, has admitted that he fed information to foreign publications in attempting to "discredit the government". He also confessed to playing a major role in rousing the ex-detainees
    469 words
  • 314 18 FOREIGN ELEMENTS are behind a joint statement by nine former detainees denying charges of conspiracy and alleging illtreatment during their detention. In a statement released yesterday on the re-arrest last week, the Home Affairs Ministry said it had reason to believe that
    314 words
  • 428 18  -  By PATRICIA M SCHERSCHEL THE FIRST ENCOUNTER between delegates from the People's Republic of China and their counterparts from Taiwan at the annual meeting of the Asian Development Bank (ADB) has touched off a minor diplomatic crisis. The mainland Chinese
    428 words
  • 75 18 Reuter COMEX gold futures traded narrowly mixed in early dealings yesterday dominated by scattered commission house selling and small dealer buying, traders said. June gold traded US$O.2O higher at U*****.50 an ounce, after trading narrowly between U*****.80 and U*****.00. Silver futures traded slightly higher on continued
    Reuter  -  75 words
  • 290 18 THE COMPREHENSIVE trade bill passed by the US Congress has sparked off mixed reactions with East Asian nations roundly denouncing it as being dangerous. But a top Hongkong official said that the colony could "live with" it. The South Korean government
    290 words
  • 585 18  -  By MARTIN SOONG A THREE-WAY tussle for the presidency of the Automobile Association of Singapore will be decided tonight at the association's annual general meeting. The platforms of the three candidates ex-Solicitor General Francis Seow, incumbent Milton Tan, and Trans-Island Bus Services managing director Ng
    585 words
  • 223 18 AFP NEGOTIATORS at TaiwanUS trade talks are deadlocked over copyright issues and have made little progress on financial sector issues after two days of hard bargaining in Taipei. Taiwanese officials said yesterday Intellectual property rights talks, which were scheduled to end on Wednesday afternoon, reopened that
    AFP  -  223 words
  • 449 18  -  By JEFFREY TSANG APPLE COMPUTER opened its new $25-million factory at Ang Mo Kio yesterday with an announcement that it was transferring the manufacture of its lower-end Macintosh computers to Singapore as well as joining the government's Local Industries Upgrading Programme (LIUP). At the
    449 words
  • LATE FILE
    • 67 18 Bernama MALAYSIA'S former Trade and Industry Minister Tengku Razaleigh Hamzah has predicted that a snap general election will be held, either in the middle of this year or by April next year at the latest. He said one factor that would trigger this was the achievements
      Bernama  -  67 words
    • 40 18 Bernama ES THE MALAYSIAN Trade and Industry Ministry has revoked 118 licences issued to various manufacturing projects between 1986 and 1988. Trade and Industry Minister Oatin Paduka Rafidah Aziz said in Kuala Lumpur yesterday. Bernama ES
      Bernama ES  -  40 words
    • 41 18 AFP THE FORMER Mayor of Seoul, Yum 80-Hyun, 58, was arrested yesterday on charges of taking some 120 million won (U*****,000) in bribes from a construction firm while in office. Chief Prosecutor Kang Shin-Wook said. AFP
      AFP  -  41 words
    • 34 18 AFP THE PHILIPPINE military plans to buy 18 fighter jets from a private Italian firm in an effort to modernise its equipment, an air force official said in Manila yesterday.
      AFP  -  34 words
    • 31 18 Bernama ES-Kyodo KAJIMA CORP, Japan's largest construction company, is to invest in a HKSI.S billion hotel development project in Hongkong, informed sources said in Hongkong yesterday.
      Bernama ES-Kyodo  -  31 words
    • 35 18 AFP CHINA'S first independent trade union has been set up to settle conflicts between employers and employees in a transportation company, the official New China News Agency (NCNA) said. AFP
      AFP  -  35 words
    • 41 18 AP THE GOVERNMENT of Madhya Pradesh state yesterday predicted that about 1,750 will die over the next seven years from after-ef-fects of the 1984 Bhopal gas disaster caused by a leak from a Union Carbide plant.
      AP  -  41 words
    • 27 18 Reuter KING FAHD has said Saudi Arabia is prepared to use if necessary newly-acquired Chinese missiles to defend itself against Iran. Reuter
      Reuter  -  27 words
  • Page 18 Advertisements
    • 42 18 JLW Auctions 11 units of newly completed luxury 3 storey semi-detached houses in:MIMOSA VILLAS MIMOSA WALK rV J 3* Jones Lang Wootton 50 Raffles Place =45 00 =46-00 Shell Tower Singapore 0104 Tlx RS ***** JLW Fa* 221 5775 220 3888 Call
      42 words
    • 18 18 ADB head mi need for private capital, Page 6 Reagan underscores pledge to veto trade bill, Page 4
      18 words
    • 258 18 Toward* 2000: PCs with communicative skills, Pag* 9 The party yuppies and their off-spring Life as one big party IT S VERY MUCH like staging a play. Only, in this case, the cast must be free to make up their own lines in a plot guided only by carefully selected
      258 words

  • SHIPPING TIMES
    • 535 19  -  By G DURAIRAJ KELANG Container Terminal is bracing itself for unprecedented high growth brought about by a turnaround of the national economy as well as aggressive marketing. The terminal is expected to breach the forecast figure of 300,000 TEUs by
      535 words
    • 362 19 Reuter YAM ASHITA-Shinnihon Steamship Co and Japan Line have decided to merge their liner operations into a 50/50 joint venture firm in a bid to get continued financial help from creditor banks, officials at the two companies said. The new company, due to
      Reuter  -  362 words
    • 255 19 AP BRITAIN, Belgium, the Netherlands and Italy agreed on Wednesday to step up cooperation between their minesweeping forces in the Persian Gulf. Meanwhile, the United States, officials said, was still considering whether to extend its protection against Iranian attacks in
      AP  -  255 words
    • 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
    • 128 20 Seatrade Week A US$l4 MILLION fraud has allegedly been uncovered in South Korea involving Dongwon Enterprise, a small manufacturer of copper and aluminium goods. Following the disappearance of its owner and president, Eunsoo Lee, it has been alleged that the company illegally disposed of imported goods worth
      Seatrade Week  -  128 words
    • 551 20  -  From KINGSLEY WOOD A SCATHING draft report by the Industries Assistance Commission which claims that inefficiencies and excessive costs in the Australian coastal shipping industry are costing up to As7oo million a year has been attacked by the Federal government. lAC calls for urgent deregulation
      551 words
    • 858 20 AB SKpg V 5 ABC Container vm 1 Accord Shpg VI Ahrenkiel liner XI Africo Oceon XN Alltrons VII AC To«pf«r XI AfH«r.con Tpt XN Anro Service IV 2/3 Arrow lines IX Ason Ocion XI ASSOC Corriog# XI Atlos lm» X ANl 1 1/2 AfC line V
      858 words
    • 285 20 International Transport Journal THE NATIONAL Shipping Company of Saudi Arabia (NSCSA) carried record volume of cargo in 1987 and added two new ports to its route network. The volume of cargo carried moved up 31 per cent from 1.5 million revenue tons
      International Transport Journal  -  285 words
    • 413 21 Lloyd's List THE SCOPE for developing the Institute of Chartered Shipbrokers into a much bigger and broader international organisation perhaps called the Institute of World Shipping has been outlined by Peter TalbotWillcox, who retires shortly as national president of the institute. Mr Talbot-Willcox.
      Lloyd's List  -  413 words
    • 406 21 "IT COST nearly twice as much, in real terms, to carry a tonne of oil from the Gulf to Rotterdam in 1980 as it costs today. It cost more than six times as much in 1973. It's inevitable that freight rates must
      406 words
    • 289 21 May 3-4 Shipping Finance. Options and Opportunities for the *****. The Gloucester Hotel, London. A Lloyd s Shipping Economist conference in association with Maritime Consultants Ltd. Contact Laraine Cracknell, Lloyd's of London Press conference division, telephone: 01-247-9461. May 15-20 Insurance and law in shipping hull and P I,
      289 words
    • 120 21 AFP THE FIRST charges since the declaration of a 241 km conservation and management zone around the Falklands, in February 1987, have been brought against a trawler, the Falklands Islands office announced The owner and master of the South Korean trawler Cheung Young 5
      AFP  -  120 words
    • 212 21 Reuter THE GENERAL picture of the shipping market is more promising than for several years and the concern now is to avoid a repetition of the mistakes of the past, Sir Brian Shaw, chairman of the International Chamber of Shipping (ICS),
      Reuter  -  212 words
    • 7630 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.
      7,630 words
    • 1557 27 AT CONVENTIONALWHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Bobber Tobo C09 oiongs.de 0I0SO700 Gold Mountain "CM o'ongs de 29 04 0600 Hoifeng IS o'ongside 01 *****0 Kyowa B'eeze K» a ongsoe 2904/1500 Mo 1 K33 ao"gs de 29 04 7300 SO Estero <16 oongsde 29 04 2300
      1,557 words
    • 2062 28 A—B A 8 Shipping Boustead Shpg Agencies ABC Containerline NV S pore Shpg (S> Accord Shpg Accord Shpg (S) Atrica Ocean Lines Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Allred C Toepter Oceanus Shipping Agencies (S) Multiport Sdn Bhd (PK) AUtrans Alltrans Express American President
      2,062 words
    • 1096 28 FREIGHT rates for Panamax vessels loading grain in the US Gulf and North Pacific continued to show an easier tendency on Wednesday as vessels chase too few cargoes, brokers said Much of such business reported was for forward positions. although a 45.000 long ton wheat cargo was booked
      1,096 words
    • 329 30 JAPANESE shipowners have agreed to give the country's ocean-going seafarers a 3 17 per cent pay increase for the coming 12 months. But they have made no headway in their demands that there should be a total switch from permanently salaried labour to a
      329 words
    • 200 30 Reuter CARGO TRAFFIC on Dutch waterways is coming to a halt as a nationwide barge strike begins to bite, grain traders said. The strike, in protest at changes in the law on quotation and distribution of incoming cargoes, started in Rotterdam a week ago
      Reuter  -  200 words
    • 185 30 Reuter A THREE-MONTH-OLD British seamen's strike at the key channel port of Dover spread to other English ports on Wednesday, disrupting ferry services to Europe The dispute between the National Union of Seamen (NUS) and the Peninsular and Oriental Steam Navigation Company has become
      Reuter  -  185 words
  • Page 19 Advertisements
    • 571 19 <w TIMES STP Distributors ST C 0& MRDINE SHIPPING AGENCIES (Re* No *****4 00K) illlf# MO Cantonment Road #12 05 Southpomt. Singapore 0206 H Ml If/ Tel *****11 TELEX NO RS ***** IfCZTTIW TERMINAL, CFS Tel *****18 220 I fcvj J BOOK I NGS Tel *****34 235 JARDINE SHIPPING AGENCIES
      571 words
    • 126 19 rasa A SCATHING draft report by the Industries Assistance Commission which claims that inefficiencies and excessive costs in the Australian coastal shipping industry are costing up to As7oo million a year has been attacked by the Federal government. Page II THE SCOPE for developing the Institute of Chartered Shipbrokers into
      126 words
    • 908 19 r&\ A aO ltdh» TIMES STP Distributors '*u6#i*h#r>9 Croup *1 MAERSK LINE USA IS CLOSER TO YOU WITH MAERSK LINE OAKLAND 17 DAYS LOS ANGELES 18 DAYS Feeder from! Port Malaysia Keiang To Europe —UK Scandinavia— Fir>4and ANNA M 8806 M TACOMA saoe M ROTTERDAM aaoe ANOERS M saoe AXEL
      908 words

  • Page 20 Advertisements
    • 634 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM ANTWERP LA SEINE HAMBURG EXPRESS KOWLOON BAY BENAVON OSAKA BAY KAGA LA PEROUSE ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN, AARHUS, GOTHENBURG. MALMO, HELSINKI OSLO AMSTERDAM, CARIBBEAN t S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT
      634 words
    • 18 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National U.lttXJI.?) Shipping Association
      18 words
    • 450 20 ISI C SAV Corrpjnu Sud AmcriCJnj dc Vjpcrcs S A L »n#' SERVICE TO/from CHILE FEEDER VESSEL S POtt MOTHER VESSEL M CSAV 1 I(i VELAT IHi CSAV 2 W CM CARRIER (TOl CSAV I 12/5 LAJA 22ft HK ARtCA KM ANTOf VALP SAI u/s %n w up (YOK 2*5)
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  • Page 21 Advertisements
    • 1110 21 B The Straits Steamship Group Mansfield Container Shipping PteLtd P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT^ LA SEINE HAMBURG EXPRESS KOMIOON BAY KNAVON OSAKA BAY KAGA U PEROUSE LARGS BAY CITY Of EDINBURGH S port R Kijnf 3MM 01« 02 OS 044J5 05,« 11,« 11/05 ism nm IMB 23/05 25/05 28/05
      1,110 words
    • 491 21 rai EUROPE SENATOR Litm USA/PANAMA id VESSEL ASIAN SEN 111. 1J General Agent WR EF OM 1715 EF 111 114.K EF 111 EF 112 M 17.M lI.M M 21H 23 M M 1117 n.r VESSEL lELSIAN SEN VA Ml NEW TOW SEI VA M 7 JAfAN SEI NAIM 112.14 \a
      491 words

  • Page 22 Advertisements
    • 409 22 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHOAT Singapore 30 5 21/5 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 OCEANIA EXPRESS V-13 4/5 OCEANIA EXPRESS V-14 25/5
      409 words
    • 764 22 tS.LJNE f»IA cM*aa ri»» FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ 1 Membu of thf Ace Consoilr :n. OILY CCINtAINIftISED 10 FROM NORTH AMIRIC* WfS! COASi St* •FDR MOTHER VESSEL CCN ME KOREAN WONIS SEVEN 50E CCN ME HANJIN SEOUL 83E HKC 54€ PACIFIC PROSPERITY HE HKC ME HANJIN KUNSAN
      764 words
    • 270 22 ALSO ACCEPTING TO CHICAGO, BOSTON. JAV, PHIL. SAV, MIAMI ALL INLAND DESTNS. PAPUA NEW GUINEA SIN PORT MORESBY, RABUAL, LAE ft 10/5 MADANG NEW CALEDONIA FIJI ISLANDS SIN NOUMEA SUVA/LAUTOKA 27/5 2/6 2/6 AUSTRALIA/ NEW ZEALAND SIN SIN 4/5 ADELAIDE 13/5 SYDNEY 4/5 FREMANTLE MELBOURNE SIN AUCKLAND, WELLINGTON, 1/5 LYTTLETON,
      270 words
    • 922 22 M tag EVERGREEN Full Container Service lound-The-World East Bound (FE/CARIB/USEC/EURQ/FE) SCP HKC KSC KLC PUS OSK TYO KSN rue EVER CLEAMY/EVER GIFTED 2* J* 4/5 cj .J cucb r.i iyni 11 M EVER CI AMOUR EVER GENERAL EVER GLOBE EVER GAINING 21* 25/5 Xli 2»/5 i* ti *2 2? .'5
      922 words

  • Page 23 Advertisements
    • 911 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VKSSEL MAJAPAHTT GOWA KOTA EAGLE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE VESSEL SEA HAWK oowa KA HAWK SIN SBY SMG SIN SM SM 30/4 3/5 1/5 5/S 7/5 10/5 S/5 12/5 14/S
      911 words
    • 455 23 irm BEN LINE 1 CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT an lift 17/s an an on nn an an an an on on an iifi <* u im m tn m iuj M 1U 1W UH an an an an an m m ip W V w w EXPRESS CONTAINER
      455 words
    • 654 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY L.J BONTANG/14W& SRIWIJAYA/23W8 OCEAN PRIMA/10WB PALEMBANGWB UNISIERRA/CP 29-03 BILBAO ANTWERP H BURG/ 20-22/5 3 Sfi 12-14/8 RDAM/ADAM BREMEN Swb(*ct to Inducement. Alao accepting cargo
      654 words
    • 400 23 I BOUSTEAD SHIPPING AGENCIES 101KAW V/133W PAGAN VI27W AVA V9O PA-AN V/124W BURMA FIVE STAR SHIPPIHB CORPORATION (Burmese National Line) Spore 2/10 May 3/5 May 4/7 May 5/7 May Loading for Rangoon P.Kelang Penang Bangkok 10/11 May BANK LINE SEMI-CONTAINER SFRUirF HEAVY LIM CAPABIt ITY NORTHBOUND TQ UKC TAUSALA SAMOA
      400 words

  • Page 24 Advertisements
    • 731 24 KAWASAKI KISEN KAISHA, LTD. K'linb N. AMERICA-ATLANTIC COAST NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP VIA FEEDER FEEDER VESSEL NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP VOY 'INDO 14 23/4 VOY LB 13 19/3 •PK/PNG 24/4 1/5 8/5 15/5 N.
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    • 279 24 f l I Accepting LCL and containerised cargoes Direct to South Africa Accepting Containers Only NEDUOYD COLOMBO SZ34F OSAKA MARU 5339F VIRGO 0301F S BOft In Pt 10 5 17/5 HAYAKAWA MARU 5037 C VENTO 0106 VAAL 513SC NEDLLOYD COLOMBO 5234G Spore 14/5 JARDINE SHIPPING AGENCIES (REG. 242*64/ OOK) 200
      279 words
    • 789 24 aiaasg /ie, INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Cootalnora S.ngapar« P Ketone B «njnj loading lor: Mother Vsl By feedw By Feeder TIGER BAY V IS ORIENT SUCCESS V 107 S 0 MANIPUR V J7H TIGER BAY V X INDIAN COURIER V KM AGIOS ANDREAS V C I ORIENT SUCCESS
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    • 638 24 tTTvi GOLDEN LINE WK tV GUAN GUAN SHIPPING (Pit) LTD V a. Tetot Ar«f Str»et SINGAPORE 0104 TEL 5343W (10 LINES) Fai U4JSW STRAITS/PERSIAN GULF SERVICE: Spore P Keiang Peunc GOLDEN BEAR CotoroDc Karachi Dutw 17/11 May GOLDEN HARVEST Colotnbo Karachi Dubai l/S June CHINA SERVICE DAI YUN SHAN Dalian
      638 words
    • 408 24 EAST/FAR EAST DUBAI DAMMAN KUWAIT BOMBAY DOHA MUSCAT. BAHRAIN. ABU DHABI SHARJAH JEDDAH HO Df ID AH AOABA H KOHC KOBE. KEELUNC. COLOMBO KARACHI. BOMBAY EAST AFRICA MEDITERRANEAN SERVICE UK/EUROPE SERVICE TBN USA SERVICE UNE TO CHINA I GUANGZHOU WHAMPOA TAJ-PING. CHIWAN, HAMOU. SWATOW. ZHANJUNG. XIAMEN. FOOCHOW. SHANGHAI SHEKOU SHENZEN
      408 words

  • Page 25 Advertisements
    • 925 25 \\NEPTUNE ORIENT LINES LTD '72 FAR EAST/EUROPE HILLY CONTAINERISED SERVICE A m«mb Sport NEPTUNE AGENCIES PTE LTD FE EU/AUST TP A/SEA Q«n«ral Enquiries: T*l: *****77 Tel No Terminal CFS BOOKINGS *****53 27«57€ *****22 *****53 *****19 27*111 PMmi NEPLINE SON BHD WW K Lumpur NEPLINE SON. BHD. *****33 INWARD/OUTWARD Penang NEPLINE
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    • 506 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P. KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE Vwwls Name ETD BS BKK S PORE PKELANG BUSAN *Cloria/MMN 14/04 28/04 02 02/05 03-04/05 tilt/05 M Enterprise IKN 26/04 07/05 10-12/05 13 14/05 22-27/05 No S DonamttßN 30/04 IMS IJ-21/05 22-23/05 02-04/06 No
      506 words
    • 961 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 Telex Numbers RS ***** RS ***** RS ***** 55*2® P KEIANG MESSRS MAI THONC SHIPPING 127 Penanj Street Penang. Malaysia Cables JAYAPOH PENANG. Tel *****4
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  • Page 26 Advertisements
    • 410 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 .30 lines< FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VELB DEUTF RACHT/SEEREEDEREI RQSTQCH INTEGRATED FULL CONTAINER SERVICE TO EUROPE SOfILAND m E THAELMANN ««fel/5 125/5 6/6 RUHLANO </» 1/6 U Q7/6 •VIA COLOMBO Accepting cargo
      410 words
    • 88 26 NOTICE E L J ABC CONTAINERLINE N.V. WISHES TO ANNOUNCE THE APPOINTMENT OF: FARM SHIPPING COMPANY (PTE) ITO as their new agent for the USA/Europe to S.E. Asia and S.E. Asia to Australia/ New Zealand/USA trade with effect from 3 May 88. Their office will be located at: IS, UN
      88 words
  • Page 26 Miscellaneous
    • 159 26 Regional Weather ft 1 m t mt <• s H a > s a Ss' 0 IS IK SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING Wind drectK>n with speed tn knots Wo»« height LfOCND R Thunderstorm Temperature c y Shower Weather Wind drection with speed tn knots
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  • Page 27 Advertisements
    • 524 27 \\CSP\ CSP SHIPPING AGENCIES PTE. LTD Tel *****66 (16 Lines) Fa* *****)5 FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELUNG, KAOSHIUNG, MANILA, BOSAN, TOKYO/YOKOHAMA KOBE, OSAKA, FELIXSTOWE, HAMBORG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations. ACCEPTING FCL/LCL AND CONVENTIONAL: S'pore to Osaka
      524 words
    • 162 27 |5| 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 Tlx: RS ***** Fax: *****97 Je. JE CONTAINER
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    • 555 27 rage IA UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. DC IRAQI LINE IMOI $TAT| (NTfRPRiJf roa auniTiMf TRANSPORT WEST BOUND SERVICE Jaddjh. Aqaba. BifuM J2SSSF* B U ,0 bach oAD UPON REOUEST ALSO ACCEPTINC CONTAINERS UPTO AOABA t BAGHDAD REEFER SPACE AVAILABLE UPTO AOABA LOADING CONTAINERS/CONVENTIONAL CGO FOR MAIN PORTS IN
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  • Page 28 Advertisements
    • 594 28 i&sk FINE-LINER SHIPPING 'BH, PTE LTD i I 70 Shenton Wiy OJ O.'C Mirini Hoiisp. S pore 070/ Tfl ??5907/ (8 I ines) u TLX RS 77M1 FLINER FAX ?;s?B*> EUROPE SERVICE PAR EAST SERVICE MIDDLE EAST GULF SERVICE I SW) t 1"Q DO> *0t DAM KWT (AM DOM m
      594 words
    • 488 28 ZIM FULL CONTAINER SERVICE accepting fCULCI cirpn to USA East t West Com CarribbMn Ejtt Canada. HAITI Cotta Rka. El Salvador Guatemala. Honduras Venezuela Peru Ecuador Colombia via Miami Trinidad Barbados. Antieua St Lucia. Montierrat. Guayana via Kingston AUSTRALIA CONTAINER SERVICE ZIM KOPER ACCEPTING CARGO TO ADELAIDE VIAjMEIBOURNE AND ALSO
      488 words
    • 587 28 juir i i.Tic.9, riiuay, iroo Everett Lines TWTT7T7T7M 'MS HMH \SA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO. MATARANI. ILO* AND ALL OTHER J liKiA.ill IL lißlfl.ii]; ai CPV THROUGH BILL OF LADING TO FINAL DESTINATION. MURRAYEVERETT THOMASEVERETT HUGMEVERETT P Ktlang* ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR
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  • Page 29 Advertisements
    • 267 29 Seabrfcjgfe INTERCONTINENTAL LINE General/Marketing Agents: SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO GROUP of COMPANIES. Japan) Singapore *****11 Tlx: R*****1 SEAAIR Fax *****50 Warehouse at PSA Multistorey Complex *****08 Malaysia: *****33 Tlx: MA***** Fax: *****68 WEEKLY FROM Singapore Port Kelang Penang UK/EUROPE: FAR EAST United Kingdom Bangkok, Hong
      267 words
    • 119 29 TRAVERWAY MARITIME LTD MONTHLY CONVENTIONAL SERVICE S'PORE Loading <or •A' VESSEL 30/S/8S FAMAGUSTA/BEIRUT/ TRIPOLI (LEBANON)/ LATTAKIA/ISTANBUL/ MERSIN/ALEXANDRIA Agents: SEALORO SHIPPING AGENCIES Spore: Tel: *****94 P.Kelang: Tel: *****18 Penang: Tel: *****6 WENDER SHIPPING FREIGHT SERVICES TEL 2246/44 3 LINES) TLX ***** WENDER REGULAR LINER SERVICE VSL ETA LOADING FOR TBN 2/5
      119 words
    • 600 29 SING KWANG HANG LCL/FCL SERVICE VESSEL JENHOL V6SN JENHOL 67N S PORE I JAKARTA 1/5 4/5 4/5 I 7/5 IPI'J j-IUI SINGAPORE 28/4/88 A VESSEL SINGAPORE 17/5 NOUM 21/5/88 ian, T J nm i H7l £•35 CRniEES BO EZ9 •OCvpting cargo to KEEL UNO, KAOHSIU KONO. P KELANQ. BUSAN A
      600 words
    • 636 29 GLORY NAVIGATION GROOP 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 BIN MOM 6/4 21/4 24/4 BANJARMASIN 10ft 6 VESSELS OF LOG CARRIERS 5 VESSELS
      636 words
    • 459 29 PTC CONTAINER LINES FCL/ICL SERVICE PIC QOJP SjN M EAST 1/5 KEELUNG/KAOHSIUNG 30/4 BANGKOK 6/5 MANILA 6/5 JAKARTA 7/5 PORT KELANG/PENANG 1/5 BUSAN 5/5 TOKYO/YOKO/KOBE 30/4 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou Xiamen/ Xingang/Shanghai SiH EUMPE 4/5 RDM/HAM/ANT/LE HAVRE/GENOA SIN USA/CANADA 1/5 L.A./NYC/SFO 1/5 VANCOUVER/TORONTO/MONTREAL Ml MIFTi.U t4/TF 6/5
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  • Page 30 Advertisements
    • 352 30 ///Mai Sun Hup Co (Pte) Ltd TE L *****06 (20 Lines) TLX RS ***** &RS ***** ft V \M I R\ R I l\| k. III). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Yokohama 16/5 Nagoya Osaka 13/5 Senboku Moji 'Subject to cargo inducement NOT C ALLING oth
      352 words
    • 420 30 FOR reliable and fast transit WWm \f WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSL Sport LeHan* Connecting VSL For Gulf: korrican V 122 ~i/5 m stuttgart exp Miami, Mobile, JUTLANCHA vi 32 m m nuernbeg atl. New Orleans, n DELFT VI4I |lt/5 \lfi |DUSSELDORF EXP Houtton/MeXKtt
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    • 190 30 ES WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agent NINON-ASM SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** 0 Tatsumi Marine DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPHNG BREAKBULK S CONTAINER CARGO) Direct caH to other ports subject to inducement (also accepting transhipment cargo:
      190 words
    • 944 30 EM SERVICE *****2231 CALL US ATP. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR TO EUROPE SINGAPORE I LEHARVE >11 j ■,'i-jrnj'.";»TT *****53/*****11 04-*****2/4, *****3 •07-*****8 07-*****3. *****5, *****0, *****1 •02-*****22 *****88 'ti.m FROM EUROPE PKELANC SINGAPORE HONGKOI Dtirr m ~~aoi oils —04 05 IHs ie PtJ"" m ~iT5
      944 words