The Business Times, 16 May 1988
1988-05-16
1
32
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The Business Times
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Title Section11 1988-05-16 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, MAY 16, 1988 75 CENTS11 words
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529 1988-05-16 1 WILLIAM CHIA - Total adds up to almost twice the base salary, says survey By WILLIAM CHIA LOCAL CHIEF executive officers (CEOs) cost their companies almost twice their base salaries, according to a recent survey carried out by KPMG Peat Marwick Management Consultants. The529 words
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Article, Illustration370 1988-05-16 1 GENEVIEVE CUA - By GENEVIEVE CUA THE UNITED States has told Singapore that if it wants to retain its friendship, it should not publish lawyer Francis Seow's statement on how he came into contact with the Americans. Making this disclosure yesterday, Minister for Trade and370 words
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171 1988-05-16 1 POLITICIANS who received foreign support were "forever indebted" to their overseas supporters, said Minister of State (Foreign Affairs) Dr Lee Boon Yang last night. "Singaporeans who voted for such politicians can never be sure if their MP will support their causes or those of171 words
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187 1988-05-16 1 Bernama ES HONG LEONG FINANCE Ltd has chalked up a 27.3 per cent increase in group pre-tax profit to M 527.21 million for the year ended Dec 31, 1987 against M 521.37 million previously. Chairman Kwek Leng Beng said in Kuala Lumpur lastBernama ES - 187 words
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498 1988-05-16 1 Reuter AT A CLINIC deep in a forest and far from big-city temptations, Swedish psychologists are treating people for a problem they accuse the authorities of ignoring gambling addiction. Bjorn, 25, a reformed gambler. says the decision toReuter - 498 words
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456 1988-05-16 1 ANNA TEO - By ANNA TEO GOING BY the response to a recent overseas recruitment drive by the Singapore Technology Corporation, a good number of non-Singaporean Asians studying in the United States are interested in working here. Two STC directors visited the University of California456 words
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Article112 1988-05-16 1 AFP FOR NEARLY 100 YEARS, orchestras have been playing a wrong version of Dvorak s New World Symphony, the London Sunday Times newspaper reported quoting an Australian conductor who has spent years researching old scores. According to Denis Vaughan, who went to Prague toAFP - 112 words
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Page 1 Advertisements
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Advertisement349 1988-05-16 1 Need a car or truck loan? WwTOONG 737-7977 MJJ Why (bong Mortgage And.Finance (S) Ltd L A wholly-owned subsidiary of Hongkongßank 6 CUymore H J #03-01 Claymore Plaza Singapore 0922 H DISK DRIVES are the components of the next 'sunrise' industry in Singapore, at least as far as the managing349 words
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Advertisement351 1988-05-16 1 Spotting bad debt signals A BAD DEBT rarely occurs suddenly. There are usually early warning signals which should alert the lender or supplier to keep a close watch on the customer. What are some of the signals? What action should you take to minimise the risk of bad debts? Spotlight351 words
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Advertisement100 1988-05-16 1 9S6> Official Typewriter Supplier of the 1988 Olympics brother Shipping Timet comet at a separate taction today. Make aura you gat your copy. NOW NAGOYA! r 7 v mm.* 5 V >v •>- > Elegant enduring symbol of the Sagoya Castles former glory: the legendary fish of pure gold iipp^100 words
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MANAGEMENT
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Article, Illustration1263 1988-05-16 2 LILY FERNANDEZ - Disk drives are the components of the next 'sunrise' industry in Singapore, at least as far as the managing director of Miniscribe Peripherals is concerned. Johnny Lim talks to LILY FERNANDEZ about his management philosophy and where he wants the company to be in a1,263 words
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Article391 1988-05-16 2 Lily Fernandez - by Lily Fernandez THIS WEEK, we look at two more schemes introduced by the Singapore Institute of Standards and Industrial Research (Sisir) set up to help small firms sharpen their technological edge. The first is production and quality control systems upgrading, introduced when Sisir's quality systems391 words
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1445 1988-05-16 2 ANTHONY CHEONG - Bad debts the early warning signals Spotlight on Management By ANTHONY CHEONG GIVING CREDIT is so much a part of normal business practice that dealing on a cash basis is now the exception rather than the norm. Selling goods or providing services on credit, however, brings many problems. For a1,445 words
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Page 2 Advertisements
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Advertisement280 1988-05-16 2 Welcome to Spotlight on Management, BT's weekly column which will attempt to answer your questions on management issues of concern to you. Your queries will be handled by experts from Ernst Whinney Consultants. To get the series going, we have taken the liberty of posing questions frequently asked by managers.280 words
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ASIA-PACIFIC
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Article247 1988-05-16 3 AFP I THE CHINESE Finance Ministry is to assume responsibility for managing China's estimated US$3O billion foreign debt, the Chins Daily newspaper reported yesterday, signalling a victory by ithe ministry over the central ;bank. The ministry, through a new National Debt Management De- partment, wouldAFP - 247 words
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173 1988-05-16 3 Reuter THE SOVIET UNION plans to provide a loan worth US$BO million to help China complete a rail line across their central Asian border linking Europe with the Far East, officials in Urumqi, China, said last Saturday. The rail link, expected toReuter - 173 words
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Article, Illustration268 1988-05-16 3 Reuter A CHINESE VICE-PREMIER has charged on Saturday that US protectionism could slow the normalisation of trade relations between the two countries. Tian Jiyun, China's Vice-Premier for Finance and Trade, encouraged the Reagan administration to retain the current system of subsidising US farm exports.Reuter - 268 words
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165 1988-05-16 3 AFP ABOUT 200 PEOPLE, including foreign bidders, last Saturday attended Beijing's first auction in more than 10 years, according to the official New China News Agency (NCNA). Sales from the two-hour auction at Beijing's Cultural Palace of Nationalitiee totalled 101.400AFP - 165 words
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196 1988-05-16 3 AFP THE WESTERN AUSTRALIAN Liberal opposition on Saturday called on Prime Minister Bob Hawke to give an assurance that the Australian government was not planning to introduce a gold tax. The call came amid growing speculation that there could be a goldAFP - 196 words
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426 1988-05-16 3 Reuter INDONESIA said yesterday it has resisted pressure to offer price discounts on its oil until now, but warned other Opec members it may be forced to cut prices to stay competitive. Energy Minister Ginanjar Kartasasmita was quoted by the official Antara newsReuter - 426 words
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204 1988-05-16 3 Reuter INDONESIA'S judges have called for a cleaner legal system, saying those involved in administering the law must not be intimidated or bribed with money or sexual favours. Speaking after a meeting with Indonesian Vice-President Sudharmono on Saturday, Mr Soedjadi, chairman of the Indonesian JudgesReuter - 204 words
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Page 3 Advertisements
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Advertisement69 1988-05-16 3 f. ■w -i i V 4 lii K* *»V SSK *fe'« f VA f-N SEP sES *:',r- V- V "$k- '-Sk* M 4 /3*> v• 7*.* M 5 n '■•'>-■•. r< f i t' i. v£*L 3$ *aa fr&li *?.>•' J VX^ -it •> ">V Oy !f.< >i f^lSPPSwif X«69 words
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Page 3 Miscellaneous
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Miscellaneous64 1988-05-16 3 longkok torbodos Beirut Belgrade ICAW(I bwot Aires Cairo Calgory Canberra Car ocas Chicago Coplmgen Darwin Dubßn Frankfurt Lisbon London lot Angeles Melbourne Mexico Cky Now DoM Now York imOllO Oslo Fads Porlfi Rio 'Janeiro Rome San Fris'co San Juan Soo Pouto Seoul fin I ■JfvCKnOlm Sydney Taipei Tei Aviv Tokyo64 words
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Miscellaneous56 1988-05-16 3 Doonesbury HAMNG A BABi CHANGB6 EY&ZY- I PONT THING. RB/. IT KNOW, GOGS J.iANP MttCß... I MB ANOTHER. I a. m ft. I PONT KNOW FHAMN6 A CHOP MAGICALLY PtSPBSTHe 50URC3 OF VOUR AUO4ATION. §4 FACT, a MIGHT JUST BY GARRY TRUDEAU >SfGHc... yOU'RB RIGHT. WHO AM HOPPING*... SAY, SHBS56 words
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Page 4 Advertisements
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Advertisement196 1988-05-16 4 m A Club where you Don't have to be a member? A Happy Hour that'j notjiut a Happy Hour? Soundd logical to me. GROUCHO: Say, wanna discuss that deal over a drink after work at the Club? STRAIGHT MAN: The Club? What Club? GROUCHO: The Club at the Marco Polo.196 words
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REST OF THE WORLD
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Article, Illustration373 1988-05-16 5 Reuter FRENCH PRESIDENT Francois Mitterrand, riding a wave of popularity, has called general elections in three weeks' time to seek a socialist majority in Parliament. Mr Mitterrand, who easily retained the presidency just one week ago, said last Saturday that the two-stage electionsReuter - 373 words
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173 1988-05-16 5 AP THE 12 European Community (EC) nations are close to an agreement on eliminating their controls on capital movement within the community. "There is a very good chance we can come to an agreement on June 6 when the finance ministers are scheduled toAP - 173 words
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Article785 1988-05-16 5 ARRIVALS Operator Sorvico number Local Mm* From SU SQ201 1145 CGK GU GA940 1150 MES SU SQ238 1155 MES THAI TG403 1155 IKK SU SQ19I 1145 PSM THAI TG-407 1205 •KK/HDY GU GA900 1210 PKU MAS MH641 1230 KCH GU GA884 1235 CGK SU SQI 1250 SFO/HNL/HKG785 words
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203 1988-05-16 5 Reuter PRESIDENTIAL ECONOMIC adviser Beryl Sprinkel said on Saturday that inflation ia under control deepite falling unemployment and high production rates which have strained some industries to nearly full capacity. Mr Sprinkel diaputad tha widely-held view that a low unemployment rata and highReuter - 203 words
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429 1988-05-16 5 A lot of effort went into document, says Yeutter AP BUSINESS LEADERS and government officials are betting that Congressional Democrats will not scuttle trade legislation after President Ronald Reagan's expected veto. "Members of Congress have put a great deal of work in thisAP - 429 words
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215 1988-05-16 5 AP TRADE LEGISLATION passed by Congress could cost the United States thousands of jobs in the nation's nearly 10.000 importedcar dealerships, their trade association says. "The massive American imported automobile market ia going to be held hostage," said Robert McElwaine. president ofAP - 215 words
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Page 5 Advertisements
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Advertisement51 1988-05-16 5 I M \j\ I I I business oerson's choice every I I II II II Tuesday. Thursdoy. Soturdoy and Sundoy I M II I II leovtng Chong. Airport o' 22 05 -J-L hours and arriving Heathrow eorly •he following morntrg Call you' Travel Agent or Air Conoda Ot *****55 AIR51 words
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Advertisement100 1988-05-16 5 '5 I M 'Kf ■i V I V. ■w il h »?1 t ?~ims V w J £St* •T 9 |5«— v. < Wmm if) i ■V ■H 1 we V a i*g v-i mm «*s fl •4 V il <• SI nm 256working till midnight forming plan assessing his100 words
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MONEY AND EXCHANGES
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Article, Illustration365 1988-05-16 6 Reuter Representative Clayton Ydkrtter said last Friday that the dollar's current exchange rate had made American exports competitive abroad but added that US firms had to do more to sell their products successfully. "We are price-competitive today," Mr Yeutter said at a news conferenceReuter - 365 words
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Article118 1988-05-16 6 AFP THE ASIAN DEVELOPMENT Bank (ADB) has approved a total of U*****,000 in technical assistance gfants to three regional projects, the largest going to Vanuatu, an Apß statement said last Saturday. The Manila-based ADB granted U*****,000 to help the government of Vanuatu prepare a national transportAFP - 118 words
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242 1988-05-16 6 Bernama BANK NEGARA's gold and foreign exchange reserves decreased by M 51,999.29 million to M 515,868.65 million as at April 30 from M 517,861.94 million at the end of March, the central bank said on Saturday. the central bank's total assetsBernama - 242 words
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Article212 1988-05-16 6 ASIAN CURRENCY average deposit rotes for I rhe week ended May 13 BR) P High RICES Lew US t 7 days 7 3/16 7 t inmHti 7 1/4 7 1/16 2 muHtw 7 7/16 7 1/4 3 mumhi 7 1/2 7 5/16 6 momfa 7 3/4 7212 words
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Article557 1988-05-16 6 AFP THE AUSTRALIAN and New Zealand dollars hit threeyear highs and the South Korean won surged upwards in a generally bullish performance by Asian currencies last week. The Singapore and Hongkong dollars however, eased against the US unit; and the Taiwan dollar and the Indonesian rupiah remained unchanged.AFP - 557 words
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Article341 1988-05-16 6 Gold Financial futures Green Collier Bullion Pte Ltd AT NEW YORK'S Commodity Exchange, spot gold ended last Friday on a firmer note at U*****.20 an ounce, up about $8 over the previous week's finish. Gold's uprise was caused by concerns that South Africa might limit its supplies to the UnitedGreen & Collier Bullion Pte Ltd - 341 words
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Article215 1988-05-16 6 Banque Indosuez WITH RENEWED pressure from rising overseas interest rates, the Singapore government securities market lost further ground last week. Higher local overnight and term deposit rates saw bond and Treasury bill yields rising across the board. Amid bearish sentiments. the March 1993 note saw prices erodedBanque Indosuez - 215 words
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Article163 1988-05-16 6 Gold futures on May 13 100 troy ounces, USS par troy ounce Opwi Loot s«ai« May 450.70 450.70 450.70 452.20 *0.30 hm 453.00 454.20 ***** 453-70 0.40 M 455.90 030 Aug 458.00 458.50 454 50 457JO +0.10 Oct 442.40 463.00 459.40 462JO -0.10 DK ***** 469.00 464J0163 words
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Page 6 Advertisements
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Advertisement172 1988-05-16 6 MANDARIN ORIENTAL JAKARTA Mandarin Oriental Jakarta is well plaeed to be the ideal hotel for busy executives. It is the only grand luxe hotel situated right in the middle of the business and diplomatic district. And our 24-hour business centre ensures that you're given the utmost professional support, allowing you172 words
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Advertisement137 1988-05-16 6 Announcing the arrival F a Hop aboard the I Orient Express, our >W wT exciting new short-term car rental scheme, and you can drive yn tfy off in style—with one of our brand new Nissan Pulsar or 1 Nissan Sunny models. Our Orient Express scheme is the perfect complement to137 words
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BANKING AND FINANCE
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Article, Illustration794 1988-05-16 7 PAUL FRANKLAND - by PAUL FRANKLAND NOW TELL the truth where do you keep your money besides under the mattress or in the bank? Let me guess it is being distributed as wages, in transit to or from a bank, in your pocket on the way794 words
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215 1988-05-16 7 Reuter FIRST REPUBLICBANK Corp has suspended interest payments on the long-term debt owed or guaranteed by itself or IFRB Corp while it is proceeding with efforts to restructure and recapitalise with assistance from the US Federal Deposit Insurance Corp. The failure to makeReuter - 215 words
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123 1988-05-16 7 Reuter CHASE MANHATTAN CORP president Thomas Labrecque sees no immediate need to cut the company's dividend to boost its capital reserves. "We believe by selling some buildings and fixed assets we have, we can get well within the guidelines weReuter - 123 words
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Article, Illustration487 1988-05-16 7 Indicate* the average of the prime lending rate* of 12 major banks In S'pore PLR of bonks at the close of business on Friday, May 1 3,as supplied by the Association of Banks in Singapore. BANK PLR (%> Algemene Bank 6% Allied Irish Bank PLC 6 American487 words
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Article, Illustration276 1988-05-16 7 AFP BANK OF CHINA (BOC) officials are hoping to stage a top-ping-out ceremony for the new BOC skyscraper headquarters in Hongkong on Aug 8. according to a BOC spokesman. "There are no official reasons as to why the particular date isAFP - 276 words
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543 1988-05-16 7 Reuter AUSTRALIA'S three major listed banks are expected to post sharply higher interim net profits when they report for the first half to March 31 this week. Improved margins and the absence of major bad debts should boost profits by 30 to 60Reuter - 543 words
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Page 7 Advertisements
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Advertisement82 1988-05-16 7 fofranct-j i u Wr :-fr tjE 'V J P n mm '.j. c 3 The finest French restaurant in town celebrates! Louis Outhier Festival May 16—22, 1988 The celebrated 'chef extraordinaire' is here to present the finest of culinary creations in the elegant ambience of le Restaurant de France. Lunch82 words
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PERSPECTIVE
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1122 1988-05-16 8 America's AT&T has lost US$35O million trying to compete with IBM, but its battered computer business may yet succeed. Economist WHEN America's trustbusters forced Ma Bell to sell its profitable local telephone companies in 1982, it decided to challenge IBM asEconomist - 1,122 words
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Page 8 Advertisements
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Advertisement187 1988-05-16 8 0^ V &r x THAT DIETHELM CATERS TO AN EXCLUSIVE CROWD IS TRUE. UP TO A POINT may be accused of stretching the point too far. of course But the fact is. Diethelm office furniture isn't just for everybody. Consider the POINT System, a glimpse of which you catch here187 words
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Page 8 Miscellaneous
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Miscellaneous1287 1988-05-16 8 to aoD aaoaa f Rr v *1, :a 4H f <>. *.of ♦>«*& k 4L_: ■E v w ZtSi '»tr Peter O'Toote stars as Ell Cross In Tha Stunt Man on Ch 5 at 11.55pm PRE-HOUDAY MOVIE The Stunt Man 11.55pm, Channel 5 Peter O'Toole stars in this outrageous black1,287 words
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THE ARTS
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573 1988-05-16 9 SHAUN KOH - By SHAUN KOH CHINESE emigre pianist Fou Tsong is one of the few performers whose audience includes many of today's legendary pianists. Most noted for his stirring interpretations of Chopin, he is also a respected interpreter of Mozart. True to form, Fou Tsong573 words
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114 1988-05-16 9 RUSSIAN violinist llya Kaler will be featured with the SSO this Friday and Saturday. He will perform Prokofiev's Violin Concerto No 1, in what should be another exciting concert. The orchestra has attracted other winners of the prestigious and highly competitive Tchaikovsky Competition pianist114 words
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Article, Illustration885 1988-05-16 9 VANESSA LEE - By VANESSA LEE A LARGE collection of contemporary local artwork will be shown in Hongkong in about one and a half weeks' time. It will be an experimental exhibition in the sense that the Hongkong art market is still new and unexplored where885 words
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Page 9 Advertisements
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Advertisement53 1988-05-16 9 The Music Notes column has been held over due to pressure on space. maximum score ol 8 May 88). MS Marg o tfS venue to- elegant <***• r^fss-52**: fe^Sssssw""- S°T U GRILL 71\ (Closed on Sundays Put*c Hohdays) DAI-ICHI HOTEL SINGAPORE 81 Anson Road Singapore 0207 Tel: *****33 Tlx: RS53 words
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Advertisement213 1988-05-16 9 JONES LANG f Getting your property off to a great start. Jones Lang Wootton Intemetionel Property Conaultanti Real Estate Agent* Valuer* Auctioneer* Protect t FVoowty I C I I 4 Address: #45-00 #46-00 Shell Tower, 50 Raffles Place, Singapore 0104. Tel: 220 3888. Telex: RS ***** JLW. Fax: (65) 221213 words
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Page 9 Miscellaneous
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Miscellaneous38 1988-05-16 9 \f SIR feGiNhLD CHCbTeR PeRRY SPWS THC BRITISH uiHITCCOLLRR uxDR<eR 15 P> LAXY u>Nßeuf\&Le SLoppy TeA- SUJILUNG TMC nPiN'S Pi FOOL HC'S B»TiNG TMe MPvND THhT F££.DS Him «e EVENING STANDARD CO. LTD.. 1962— 1908 fei CLL— s38 words
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COMMODITIES
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Article262 1988-05-16 10 LIGHT COVERING and speculative buying interest saw prices on the crude palm oil futures market end steadier on the KLCE last week. Spot month June closed Ms 24 better at Ms94l a tonne from Ms9l7 a tonne previously. > The steadier trend on the CBT as a result262 words
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Article170 1988-05-16 10 Chinese Produce Exchange Sellers' noon closing prices on May 14 (SS/100 kg) Coconut oil Bolk FOB 107.00 OM drum FOB 117.00 Now drum FOB 121.00 Copra Mixed (looso) 61 Pepper Muntok white FOB NLW 1130.00 Sarawak wMte FOB foq NtW 1115.00 Sarawak special black FOB NLW 670.00 Sarawak170 words
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Article321 1988-05-16 10 London Commodity Exchange Buyer/Seller dosing prices on May 13 (£/tonne unless specified). Previous closing prices in parenthesis. CoffM Bash in-jtor« London, i«ll«rs option CIF London May 1100/1105 *****/1093) High/Low 1104/1080 M 1117/1118 (1094/1095) High/Low 1120/1090 Saits (5096) Cocoa May 883/885 (882/885) High/Low 886/877 Jul 901/902 (900/901) High/Low 904/890321 words
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Article184 1988-05-16 10 SOYBEAN FUTURES on the Chicago Board of Trade rallied sharply last Friday after a one-day correction, surging 11% to 14 US cents a bushel to new contract highs. July finished 11% cents higher at U557.27y4. .The early release of the National Weather Service's 30-day outlook showing drier-than-normal conditions in184 words
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Article210 1988-05-16 10 WHEAT FUTURES on the Chicago Board of Trade closed 4% to 3!4 US cents a bushel higher last Friday, as trading activity picked up late. July gained 4% cents at US$3.l5. Resurgent soycomplex values complemented a modest rally in wheat prices to send wheat futures up further towards the210 words
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Article297 1988-05-16 10 Rubber KL Tin LAST WEEK saw rubber prices reach their highest levels since 1960 with June Int One RSS closing eight cents higher at 321.00 cents a kg. Sustained pre-holiday covering pushed prices to the level with the biggest jump of 1.50 cent recorded last Friday. Dealers said this was297 words
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845 1988-05-16 10 AFP THE BRITISH POUND was particularly strong last week, boosting certain commodities priced in US dollars. Among precious metals, gold breached the US$453 an ounce level for the first time since the end of April, while platinum reached its highest level for more than threeAFP - 845 words
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410 1988-05-16 11 Opecna KUWAITI OIL MINISTER Ali Khalifa Al-Sabah says that despite "adverse circumstances", his country has found new markets for its oil and secured long-term sales contracts. In a foreword to the Kuwait Petroleum Corporation's (KPC) 1986-87 report, he declared that theOpecna - 410 words
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Article160 1988-05-16 11 Reuter THREE JAPANESE oil development companies are planning a US$lOO-million onshore oil project in Burma with support from the Japan National Oil Corporation, a company spokesman said in Tokyo last Friday. The three companies Idemitsu Oil Development, Indonesia Petroleum and Japan Petroleum Exploration will submitReuter - 160 words
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Article, Illustration588 1988-05-16 11 Bernama JOHOR is making an ambitious comeback to potentially lucrative tea-growing after a lapse of many decades, with its pilot M 57.2 million lowland tea farm near Keluang beginning to yield results. Formerly a cattle farm, the vast undulating terrain inBernama - 588 words
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594 1988-05-16 11 UPI THE UNITED STATES has a 35-year supply of natural gas reserves that, if fully tapped, could reduce the nation's dependence on foreign oil by one million barrels a day, says an Energy Department study released last Thursday. The report, which drewUPI - 594 words
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189 1988-05-16 11 AP SOUTH KOREA will liberalise gold imports in July as part of efforts to reduce its growing current account surplus, government officials said in Seoul last Saturday. Officials of the Economic Planning Board said consultations were under way among concerned government ministries toAP - 189 words
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Article135 1988-05-16 11 AFP SOUTH KOREA'S biggest private coal mine has locked out striking miners following the failure of union and management to settle a strike which has blocked operations since late April, reports said yesterday. Management at the Sabuk Mine in eastern Kangwon Province said that they hadAFP - 135 words
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Page 10 Advertisements
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Advertisement31 1988-05-16 10 "With support we've received on our IBM system, we're improving analysis and control.'' Koo Tse Chia Financial Manager, Singapore National Printers Ltd., Singapore V." mm mm V fV„ V K < a*31 words
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Page 11 Advertisements
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Advertisement262 1988-05-16 11 The estimators at Singapore National Printers don't like to see red ink. They're responsible for ensuring that SNP turns a profit on each job it undertakes. And since SNP charges customers on the basis of cost bids, profitability depends upon how accurately estimators can judge the amount of paper, ink262 words
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SPORTS & LEISURE
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Article, Illustration409 1988-05-16 12 UPI VINNIE JOHNSON scored 23 points, tsiah Thomas had 19 and Adrian Dantley added 16 to lead Detrbit to a 101-79 victory over the-Chicago Bulls on Saturday, giving the Pistons a 2-1 lead in the Eastern Conference semi-fi-nal playoffs Game 4 of theUPI - 409 words
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263 1988-05-16 12 Reuter MIKE TYSON, who has received no small acclaim as the undisputed heavyweight champion of the world, said an award on Saturday from a black group was his greatest honour. Tyson took Saturday off from training for his fight against Michael Spinks on JuneReuter - 263 words
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Article, Illustration322 1988-05-16 13 UPI JEFF SLUMAN shot a 3-under-par 67 on Saturday to take a one-stroke lead over Texans Ben Crenshaw and Bruce Lietzke entering the final round of the U*****,000 Byron Nelson Golf Classic. Sluman began the day at 7under, two strokes behind sec-ond-round leader Crenshaw,UPI - 322 words
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246 1988-05-16 13 MIKAJASRIC was the surprise winner of the $30,000 Tiger Beer Handicap on Saturday. Jockey Y K Foo shot him out of barrier position No 1 and kept him in front all the way to win by 2% lengths. The 6-year-old by Speak Low out of246 words
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272 1988-05-16 13 AP TOP-SEEDED Ivan Lendl, looking sharp after a rain delay that lasted more than five hours, powered into the final of the Italian Open tennis championships on Saturday by beating fifthseeded Kent Carlsson of Sweden 6-3, 6-3. No 14 Guillermo PerezRoldanAP - 272 words
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Article, Illustration769 1988-05-16 13 UPI MANAGER Bobby Gould singled out goalkeeper Dave Beasant and coach Don Howe for bringing Wimbledon its sensational 1-0 victory over Liverpool in the English FA Cup final at Wembley Stadium on Saturday. "Don's professionalism was a major factor in our victory,"UPI - 769 words
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Article546 1988-05-16 13 WALTON MORAIS - By WALTON MORAIS SO, I WON $5. So. it wasn't the Slaughter of the Innocents after all. So Wimbledon won. So what. Not since I put $10 on Muhammad Ali to beat Joe Frazier in the Thrilla in Manila have I been this546 words
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Page 12 Advertisements
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Advertisement1067 1988-05-16 12 cou Ryoisi ER XO-Where to eat, drink... •r r>*. WE'RE COOKING WITH WINE, how fine, let's dine, set lunch or dinner, Ist 31st May. Chicken with Wine, Veal with Wine, Sole with Wine, Beef with Wine, Pork with Wine, Duckling with Wine, Get the picture? A different set, Everyday of1,067 words
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Advertisement148 1988-05-16 12 French amnectkm The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a I'Orange, Quiche Lorraine, Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Make the French connection for just or^ tsand $15* for children. w.*„„ Pnctx subject tu148 words
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Page 13 Advertisements
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Advertisement521 1988-05-16 13 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM For between $26 and $40 you can select from our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And521 words
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Page 13 Miscellaneous
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Miscellaneous638 1988-05-16 13 mmmm CRYPTIC PUZZLE ACROSS 1 It means "Stop!" in a big way 6 Do start the game! (5) 9 Unfriendly bit of a blitz on a castle (7) 10 Too far to go in 12 hours on a donkey (5) 11 Scene of contest with a hard-hearted woman (5) 12638 words
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MARKET REVIEWS
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Article, Illustration5158 1988-05-16 14 MAGDALENE NG - v 1 Singapore P L d By MAGDALENE NG THE SINGAPORE stock market was traded lower during most of last week as investors cashed in on the previous week's gains. By Friday, however, both institutional and retail investors began bargain-hunting. The 30-stock5,158 words
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Article405 1988-05-16 15 Singapore Stock Indices May 9 May 10 May 11 May 1 2 May 13 BT Comp 1 856 53 849 37 ***** 844 29 ***** BT OB/OS 10 -61 •123 -92 -131 -96 BT CADI 11 -6909 -6969 -6981 -7030 -6974 BT 10-day av 11 6869 6881 -6890 -6904 -6913405 words
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Article, Illustration1104 1988-05-16 15 KI I Hongkong m DBS Securities RISING interest rates and fears of inflation dominated the market last week. The index rose on the first day of the week by 13 points but subsequently lost ground for the rest of the week asDBS Securities - 1,104 words
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Article271 1988-05-16 15 MM K.Lumpur g A AFTER several weeks of uptrend, the Kuala Lumpur stock market took a breather last week to close easier on reduced business volume. Trading conditions were quiet with lower-priced counters mostly dominating activity. Reflecting the reversal, the New Straits Times Industrial Ordinary271 words
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256 1988-05-16 15 5= i Tok Y° lr*l elji J AFP THE TOKYO Stock Exchange (TSE) had an erratic roller coaster ot a week but all the ups and downs left stocks virtually unchanged at the close on Friday and some dealers optimistic of the future.AFP - 256 words
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497 1988-05-16 15 PI I ew AP IF YOU APPLY an old Wall Street principle known as contrary opinion, the outlook for the stock market would seem to be pretty healthy. Hardly anybody these days is able to work up much enthusiasm either for stocks or forAP - 497 words
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Page 14 Advertisements
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Advertisement7 1988-05-16 14 Summary of company nowo on Pago 167 words
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Page 15 Advertisements
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Advertisement13 1988-05-16 15 More reports on page 16. The Zurich and Bombay reports were not available.13 words
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Advertisement1545 1988-05-16 15 INTERNATIONAL TRUST FINANCE LIMITED (Incorporated in the Republic of Singapore) A SUBSIDIARY OF OVERSEA-CHINESE BANKING CORPORATION LIMITED BALANCE SHEET AS AT 31 DECEMBER 1987 SHARE CAPITAL AND RESERVES Star* Capital Authorised: 20,000.000 ordinary shares of $1 each 20 000 000 20.000.000 Issued and fully paid: 18.000,000 ordinary shares of $11,545 words
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COMPANY NEWS
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Article470 1988-05-16 16 Directors confident earnings growth will be maintained MBT PUBLIC BANK has doubled its after-tax profit to M 526.77 million for the year ended December 1967, despite a slight drop in turnover. v Unaudited results released last Friday show that there was an 6.6-per-cent drop in turnoverMBT - 470 words
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Article138 1988-05-16 16 Bernama ES TIMURAN Holdings Bhd is sailing off its quarry operations in Lumut. Perak as part of a strategy to consolidate its core businesses. its managing director Geoffrey Taylor said over the weekend. Mr Taylor also announced that the group has recently acquired the MalaysianBernama ES - 138 words
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Article, Illustration372 1988-05-16 16 MAGDALENE NG - By MAGDALENE NG STARTING TODAY, a total of nine banks and stockbroking houses in Singapore will be pitting their investment skills against each other in a friendly financial competition to raise funds for charity. The Great Investment Race, first started in the UK two372 words
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Article, Illustration697 1988-05-16 16 ALAN LEE - From ALAN LEE DESPITE a brave public face, there are signs that Standard Chartered PLC is growing increasingly wary of its three major shareholders who together control more than a third of the bank's equity. The bank management is having to constantly answer for697 words
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Article525 1988-05-16 16 JULIANA TAY - Week ended May 13 compiled by JULIANA TAY SCRIP ISSUES Roto: Proposed bonus issue of one-for-five. Raleigh: Proposed rights issue of seven-for-two at $1 per share UOL Rights issue of one-for-two at $1.10 per share. CORPORATE DEVELOPMENTS Peter Thorn Wing Fol. former director of Pan-Electric525 words
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MARKET REVIEWS
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714 1988-05-16 16 RAY HEATH - 1 enrpl London 1 j From RAY HEATH THE FAR from neighbourly squabble taking place in Downing Street is beginning to take on TV soap opera proportions. It is also grating on the nerves of the still delicately balanced stock market. At No. 10,714 words
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154 1988-05-16 16 ABN Bank LAST WEEK saw a weak stock market in Amsterdam, with again very low trading volume. The General Stock Index fell 3 per cent to 237.5, more or less in line with other stock exchanges. A rise in US and German interestABN Bank - 154 words
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Article198 1988-05-16 16 AFP THE AUSTRALIAN share market finished the week on a strong note after midweek jitters sent stocks into a tailspin as British Chancellor of the Exchequer Nigel Lawson confirmed what was on the mind of the market. One analyst said in Sydney that the market stagedAFP - 198 words
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Page 16 Advertisements
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Advertisement514 1988-05-16 16 JN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF POTENTIAL AGENCIES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at Jalan Johar fyo 17 Jakarta Pusat on 10 May 1968 the following resolution* were duly514 words
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Advertisement555 1988-05-16 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ART KEY PRODUCTS (S) PTE LTD (Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Chapter 50 that a Final Meeting of the members of the abovenamed Company will be555 words
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Advertisement566 1988-05-16 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF WHATT POH SOON FARMING CO. PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of the members of WHATT POH SOON FARMING CO. PTE LTD duly convened and held at 101 Upper Cross Street, #06-10566 words
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Advertisement40 1988-05-16 16 CORRIGENDUM Re: Seo Puay Beng (Wholesale Beer Shop Licence) The Premises of M/S Slo Soon Huat should be W1 Module 34 Paslr P&njang Complex, S pore 0511 and not as advertised in Business Times on 13/5/88. The error is regretted40 words
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WORLD MARKETS
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Article993 1988-05-16 17 New York WALL STREET ended a nervous week last Friday with a strong gain amid growing belief that the latest climb in interest rates has ended for now. traders said. But the gain was not enough to bring stocks into positive territory for the week993 words
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Article983 1988-05-16 17 London Reuter X GAIN of just over 20 points on the Pow Jones Industrial Average lifted the London market to new highs on the day in late trading last Friday. However. turnover was light in the absence of new bid developments and there was continuedReuter - 983 words
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Article, Illustration198 1988-05-16 17 FT SOTHEBY'S Holdings, the international auction house, was valued at USss4so million last Friday as its shares began trading simultaneously in London and New York. The issue had been firmly priced at USsslB a share barely an hour before trading started at 2.30pm London times toFT - 198 words
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Article123 1988-05-16 17 AFP BRIDGESTONE Corporation tyre company should become the world s leading tyre concern, thanks to its merger with the US Firestone Tire and Rubber Co, according to Bridgestone President Akira Yeiri. The Japanese firm is now number three in the world, but Mr Yeiri toldAFP - 123 words
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Article859 1988-05-16 17 Amsterdam MAY IS na AON Aagon Aftotd Akzo 37.20 74.70 ea.To 106 SO 0.2 1.7 0.7 2.7 AJranta AMEV Amco Bank. Am ted BOLS ***** sa.ao 63 90 ***** 12.90 120 90 unch 1.1 1.6 uncfc 0.2 2 6 Borsumi) Boahrman Tattai Caiva 60.70 roda 43.60 ***** 2.7 0.7 -14859 words
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373 1988-05-16 17 Airbus gets remaining 20pc of USs4b plane deal NYT THE BOEING CO has been able to gain most of a plane order worth more than US$4 billion that is expected to be announced by the International Lease Finance Corp (ILFC) today. Industry officials in NewNYT - 373 words
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500 1988-05-16 17 FT AMERICAN AIRLINES, the second largest US airline, is taking British Airways to the High Court in London on Wednesday in a dispute over alleged unfair practices by BA in the operation of computer reservation systems with UK travel agents. The airline claims BAFT - 500 words
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Article, Illustration467 1988-05-16 17 NYT THE US SECURITIES and Exchange Commission is investigating whether Edward J Debartolo, Sr America's largest developer of shopping centres secretly aided takeover bids by Florida investor Paul A Bilzerian by buying shares on his behalf and providing other support. A hearing hasNYT - 467 words
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Article134 1988-05-16 17 AFP A SOUTH KOREAN textile company president has been charged with making some U*****,000 through illegal insider trading, the first known case of insider trading in that country, officials said. Prosecution authorities took up the case involving Mr Kim Sung-Ki, president of the Kwang-Duk Company, theSecuritiesAFP - 134 words
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Article210 1988-05-16 17 NYT SALOMON BROTHERS Inc and Morgan Stanley Co, two of the Wall Street companies that suspended their program trading last Tuesday. had been warned just days before that they would not get the investment banking business of a large corporate client unless they halted the practice.NYT - 210 words
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Article71 1988-05-16 17 NYT TOP OFFICIALS of the Chicago Mercantile Exchange (MERC) are seeking to play down the effect on the exchange of a decision by major brokerage firms to halt index arbitrage for their own accounts. In a letter to members this week. MERC officials also suggested thatNYT - 71 words
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Page 17 Advertisements
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Advertisement321 1988-05-16 17 NOTICE To the holders of the U.S. $200,000,000 Floating Rate Notes Due 1997 of: BANK OF CHINA (Zhongguo Yinhang) 410 Fucheng mennel Dajie Beijing People's Republic of China We hereby certify that the rate of interest payable on the above mentioned Floating Rate Notes for the interest Period beginning on321 words
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163 1988-05-16 18 Cops and boxer the episode of the US$150,000 Rolls-Royce AP TWO POLICE OFFICERS in New York were the proud owners of a slightly damaged US$l5O,OOO Rolls-Royce until their boss found out. The windfall began when world heavyweight boxing champion Mike Tyson and his new wife, actress Robin Given, were involvedAP - 163 words
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245 1988-05-16 18 AFP FOOD PRICES jumped by up to 60 per cent in Beijing's state-run markets yesterday, provoking mumblings of discontent among fixed-income shoppers in spite of government subsidies to cushion the blow. The price of pork, the most popular meat in China, increased 50AFP - 245 words
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SATURDAY ROUNDUP
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Article211 1988-05-16 18 A quick look at Saturday's main news INVESTING overseas has become not only inevitable, but absolutely necessary for local companies. Trade Development Board chairman Alan Yeo, speaking on Saturday at a business options seminar, said Singapore's predatory image in the eyes of other countries as one211 words
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Article143 1988-05-16 18 WHAT WORKS in America will not necessarily work in other countries. Prime Minister Lee Kuan Yew told USA Today in a recent interview. And the more the US media tries to judge other countries by American standards, the more it shows its total disregard143 words
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Article74 1988-05-16 18 MR LAM PEK HENG. the 11-year veteran chairman of the Marine Parade Citizens Consultative Committee, has been appointed Singapore s Charge d'Affaires in Burma. Mr Lam, 50. former registrar and executive director of the Singapore Society of Accountants, leaves for Burma next month. Mr Lam74 words
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374 1988-05-16 18 Site to be chosen for Ms2.sb complex Bernama MALAYSIA has approved in principle the setting up of a proposed M 52.5 billion American -German joint venture petrochemical complex, an official of the German partner said. The project, to be set up by MBernama - 374 words
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Article, Illustration63 1988-05-16 18 WITH A WINGSPAN that never seems to end, this plane has elbowed its way into the record books as the largest flying aircraft in the world. Visitors to the Air/Space America air show in San Diego were treated to a glimpse of this behemoth, aAP photo - 63 words
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489 1988-05-16 18 LOH HUI YIN - By LOH HUI YIN ALTHOUGH other Asean countries have their own economic problems, they are still better off than the Philippines and can do something to help that country, said Prime Minister Lee Kuan Yew last Saturday. Briefing reporters covering489 words
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181 1988-05-16 18 AP PRESIDENT Ronald Reagar. insisted on Saturday that he must veto a hotly disputed trade bill because it would cost more American jobs than it would save. "It is unfortunate, but I have no choice but to send thisAP - 181 words
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LATE FILE
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Article40 1988-05-16 18 Reuter CHINA hu invited Taiwan to take part in the China Open table-tennis tournament next month, but a Taiwan official said yesterday that although they would like to attend he did not believe it would be possible. ReuterReuter - 40 words
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Article52 1988-05-16 18 Reuter IRAN yesterday accused the US fleet in the Gulf of jamming Iranian radar during Saturday s Iraqi air raid on Iran's Larak terminal. Teheran Radio, monitored in Nicosia, said US warships in the Gulf used "electronic war against Iranian fighter planes flying overReuter - 52 words
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Article34 1988-05-16 18 Reuter THE first convoy of Soviet troops pulling out of Afghanistan rode into Kabul yesterday after a harrowing eight-hour ride from the eastern base of Jalalabad through rebel-infested mountains. ReuterReuter - 34 words
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Article51 1988-05-16 18 AP THE US Air Force's planned new Stealth bomber has risen in cost to an estimated US$45O million per plane, a 20 per cent increase over past estimates. The Washington Post said yesterday that the increase would make the plane the most expensive ever built.AP - 51 words
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Article55 1988-05-16 18 Reuter SAUOI Arabia will spend US$l4 billion to develop the holy city of Mecca over the next 20 years. The Jeddahbased Oksz newspaper yesterday quoted Mayor Fouad Omar Tawfiq as saying a number of projects would turn Mecca into two cities, one for pilgrims andReuter - 55 words
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Article56 1988-05-16 18 Reuter NEARLY 150 people, including some Sikh militants barricaded inside the Golden Temple for seven days, surrendered to Indian security forces yesterday, but other gunmen fought on. Punjab police chief KPS Gill said prominent militant Surjit Singh Painta was among those who surrendered, but he swallowed aReuter - 56 words
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Page 18 Advertisements
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Advertisement511 1988-05-16 18 Free clippings of BT exclusive stories "Free copies of these exclusive stories in last week's Business Times are now available 1. The heat's going out of the pepper market. 2. Exclusive interview with Inchcape PLC chairman George Turnbull. 3. SIA seeks a stake in the old world charm of Raffles511 words
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Advertisement127 1988-05-16 18 Trid# bill proponent* not giving up hop*, Pago 5 Casual CM) goes to The Will Wfest >tfe 'dbco Come on! Join us right here as the Casual Club re-lives An American Dream in The Wild Wild West. Lasso some friends and hoof along the hot Country Road with the Rhinestone127 words
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SHIPPING TIMES
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508 1988-05-16 19 JUNE LIM - By JUNE LIM TWO CONTAINER ships, the Swan Reefer and the Klang Reefer, were hit by armed robbers in the Bangka strait recently. These incidents were among the few to be reported in the strait, which lies within Indonesian waters between508 words
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155 1988-05-16 19 Reuter SHIPPING company Stena Line AB could seek a listing on the Stockholm bourse, a spokesman for the parent company Stena Rederi AB said. He was commenting cn a report in the business newspaper Dagens Industri, which said an 800 million crownReuter - 155 words
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PORTSIDES
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79 1988-05-16 19 Reuter TURKEY has approved preferential rates at its Black Sea ports for Iranian-bound goods, the Turkish official gazette said. The rates will be reduced by 25 per cent for loads of up to 250,000 tonnes. 35 per cent for loads up to 500,000Reuter - 79 words
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Article45 1988-05-16 19 Reuter THE TRANS-PACIFIC Freight Conference (TPFC) and the Japan-Atlantic and Gulf Freight Conference (JAGFC) have decided to raise their destination delivery surcharge on the trans-Pacific route and New York by US$l5O from June 1, a Mitsui OSK Lines Ltd spokesman said. ReuterReuter - 45 words
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Article108 1988-05-16 19 SWEET LINES Inc of the Philippines is acquiring another three ships as part of its 300 million pesos investment programme. The Hiyama Maru renamed the Sweet Pride will be deployed in the Manila-Suri-gao service in response to requests for more seaborne transport. The second vessel, the Sweet Pearl,108 words
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Article172 1988-05-16 19 AP SPAIN protested on Saturday the sinking of a Spanish tanker in the Persian Gulf after it was attacked by Iraqi warplanes. A Foreign Ministry statement said Spanish Foreign Minister Francisco Fernandez summoned Iraq's ambassador to Spain, Arshad Tawfiq Ismail, to protest the attack against the 235,000-ton Barcelona,AP - 172 words
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Article161 1988-05-16 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 Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd Lines Neptune161 words
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117 1988-05-16 20 Reuter NEDLLOYD Group has agreed to sell 65 per cent of its wholly-owned transport subsidiary VGL Security to US firm Brink s Inc in its third disinvestment in as many months. Terms were not disclosed. The sale would follow the disposal ofReuter - 117 words
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762 1988-05-16 20 IHT AT LEAST US$3O million worth of cargoes have been diverted to a Christian-controlled port in northern Lebanon aboard "phantom ships" that change name and flag too fast for investigators to catch up with them, according to the International MaritimeIHT - 762 words
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153 1988-05-16 20 JAPAN SEAMEN'S Union called a strike by J L Shipping Ltd workers after 1,450 employees received dismissal notices from the firm's financial-ly-troubled parent company Japan Line Ltd. The dismissal notices, issued as part of the company's reorganisation programme to regain profitability, were sent153 words
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Article1069 1988-05-16 20 AB Shpg VN 5 ABC Container XI 1 Accord Shpg VW 1 Ahrenkw' liner XVI 4 Afr<o Oceon XVI 2 Alltrons Wl 3 AC Toepler XM 5 Amer<on Tpt 1 4/5 Anro Service VI 2/3 Arrow lines XI 5 Asion Oceon XNI 4 Auoc Corrog• XW s1,069 words
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322 1988-05-16 20 INDONESIA imported 44 used vessels with a combined tonnage of about 100,000 tons last year. The Jakarta Post, quoting Antara News Agency, said the imports were meant to compensate the slow progress in building vessels locally under the government s Caraka Jaya322 words
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Article, Illustration1267 1988-05-16 22 LINDA CHEE - Now in his early 60s, Mr Arne Skoien is not about to close the books behind him. The man who builds up Sembawang-Johnson Shipmanagement from scratch hopes to double the company's current management of 50 ships within the next five years. Before going1,267 words
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237 1988-05-16 22 JARDINE MACLEOD Shipping Agencies in Manila has been appointed agents to the US-based Direct Container Line. It will represent DCL both as sales agent and breakbulk agent. Said Michael J Sinclair, DCL's president: "The agency's presence in Manila' shipping237 words
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Article357 1988-05-16 22 Reuter DESPITE improving profits and tonnage balance, tanker owners remain cautious about replacing their ageing fleet, industry executives said. At the annual meeting of Intertanko (the International Association of Independent Tanker Owners), tanker owners said current freight rates were too low to justify new building. "FreightReuter - 357 words
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64 1988-05-16 22 Reuter Sea Containers Ltd said the recent strike against its Sealink British Ferries unit cost it about US$6 million. The company said, however, that ferry operations at the time of the strike were running about US$lO million ahead of expectations, so Sealink still hasReuter - 64 words
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410 1988-05-16 23 TWO OF CNC Lines' seven vessels operating on the Bangkok-Hong-Kong-Taiwan-Korea-Japan route have been held up in Hongkong due to an "unsettled lease-pur-chase contract" on them. The Bangkok Post said the Chung Lie and Wan Lie. each with a 7,000 dwt capacity, had been detained410 words
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Article179 1988-05-16 23 Lloyd's List A DRIVE to attract shipping banks, president George Vassilou recentmarine insurers, lawyers and bro- ly, wants to see Cyprus gain more kers to Cyprus has been launched benefit from its register which now by the island s newly-appointed ran ks as the world's seventhLloyd's List - 179 words
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Article609 1988-05-16 23 APPRECIATION in the value of second-hand vessels has enabled some Norwegian interests to reap thousands in a matter of months. Second-hand tonnage brokers say the Norwegians sold the Black Merlin, a 40,302-dwt products tanker built 1984, to a Greek concern for about US$l6.5 million, after having bought the vessel609 words
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Article737 1988-05-16 23 INCREASED activity was noted in several sectors of the London shipping freights market on Thursday and rates on the major trading routes appeared to be either holding steady or in some cases displaying a little firmness. In the grain sector Cargill paid US$l4 (fio) for 50.000 tons from737 words
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8480 1988-05-16 28 3®aBG)(!EB 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 of8,480 words
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Article1287 1988-05-16 29 AT CONVENTIONAL WHARVES Dewi Seroyo J2 alongside *****500 EvpO Agspyr J6 olongside 16 05/0500 Vmtl Arrival Departure Edith M J8 olongside 16 05/0400 keppel wharves Bol tummsfci Coty Doiyvnshon Hofckin Moru Hoimen Koto Wifoyo Qinghecheng toioh Brooke Sriwiioyo Str Hope St Of Monipu Trons Fjord Webbers Post1,287 words
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Article2080 1988-05-16 30 A—B AB Shipping Boueleed Shpg Agenciea ABC Containerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Atrica Octin Linee Sealion Shpg (S) Ahrenxiei Liner Kim Shpg (S) Alfred C Toepfer Oceanua Shipping Aganciaa (S) Muttiport SOn Bhd (PK) AM ana Alltrana Expreea Amarican President2,080 words
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423 1988-05-16 32 Lloyd's List THE NUMBER of self-discharg-ing bulk carriers in service has roughly doubled over the last five years, a new survey has revealed International shipping consultant Jones Bardelmeier notes in its latest update of the fleet that the total has climbed to 62Lloyd's List - 423 words
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134 1988-05-16 32 UNITED STATES Marshals have taken steps to ensure that a Cypriot freighter that collided with a railroad bridge remains near the scene of the accident. Marshals served emergency orders last week from US District Judge Nicholas Bua who has impounded the Pontokratis pending134 words
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258 1988-05-16 32 KINGSLEY WOOD - From KINGSLEY WOOD NEW ZEALAND Line incurred losses of NZ$6.5 million in the first half of its current financial year ending February following the rationalisation of the North America trade. NZ Shipping Corporation chairman Michael Hirschfeld said the period had been characterised by difficult258 words
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Page 19 Advertisements
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Advertisement759 1988-05-16 19 \f I>dthsh,il hti TIMES STP Distributors r«im hitMimt Group Exclusive: 'Supersalesman' of Sembawang-Johnson Shipmanagement offers a few words on his success formula before leaving for Oslo. See Page IV WW/ Ovf IQEAS CotUoitm LINE MMnts JARDINE SHIPPING AGENCIES (Rej No *****4/ 00*.) 200 Cantonment Road #12 05 South point. Singapore759 words
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Advertisement115 1988-05-16 19 AT LEAST US$3O million worth of cargo«s have been diverted to a Christian-controlled port in northern Lebanon aboard "phantom ships' 1 that change name and flag too fast for investigators to catch up with them, according to the International Maritime Bureau. Page II TWO OF CMC Lines' seven vessels operating115 words
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Advertisement650 1988-05-16 19 INTEEMAWNE SUPPLY CO. (PTE) UtD. TEL 2MC33 UNEB) TLX- MCCO RS MB FAX: 2H4477 line MAERSK LINE SHORTENS THE JOURNEY 24 DAYS TO NEW YORK To Europe—UK Scandinavia —Finland This week M Rotterdam Closing Time CY 19/5 0600 MRS CFS 18/5 2000 MRS M ROTTERDAM 8006 ANOERS M 8808 AXEL650 words
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Page 20 Advertisements
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Advertisement493 1988-05-16 20 Hapag-Lloyd CONTAINER SERVICE FROM UK/CONTINENT LARGS BAY KAMAKURA MARU HONG KONG EXPRESS CARDIGAN BAY RHINE MARU TOKIO EXPRESS CALLING 27/5 TYO 30/5 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE MALTA CASABLANCA LEIXOES BILBAO I AMSTE 6/6 10/6 I I 13/6 I 16/6 HAMBURG 19/6 BREMERHAVEN Singapore*****oo•Bookings *****01 «CF*****448 K. Lumpur *****25* P.493 words
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Advertisement18 1988-05-16 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National \'AKxoa/ Shipping Association.18 words
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Advertisement460 1988-05-16 20 AnVTVansAMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO VESSEL lurnwifTTTrrrwrvw 'TVTTT ST AM MAGNATE VI IJI'M'H'I Ml Ml Ml 1 BY FEEDER VESSEL US. EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA:- aANDtTARANACUA. RtO OE JANEIRO. TO CARIBBEAN- PUCTTOmOO, VMMOUUM. ST THOMAS. LEEWARO/WINMARD ISUNttuSo NAINA,460 words
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Page 21 Advertisements
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Advertisement201 1988-05-16 21 I a 3 BBS BBS IB B is Bl a B a 3 Bl Bl H SI I BOH H 8 iff i IB 01 8188 B B 9 B 9 Bl BBS BalS B is IS B B Bl si s B IB SB is B B IS 19201 words
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Page 22 Advertisements
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Advertisement140 1988-05-16 22 Happiness: Perhaps the most important result of letting NYK's integrated logistics services do the work. When you need truck, plane, train and ship in the right combination for global service, you have a choice. Either you spend your valuable time coordinating a dozen firms. Or you relax —and leave all140 words
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Advertisement208 1988-05-16 22 Now, even faster Alligator service to LA: 4 days from Singapore 3 days from Port Kelang, Penang Bangkok. Jakarta Manila Hong Kong Kaohstung From Singapore Los Angeles Oakland Chicago Columbus New York Dallas Houston New Orleans Mitsui O S K Lines' Pacific Southwest (PSW) container route to Los Angeles is208 words
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Page 23 Advertisements
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Advertisement1053 1988-05-16 23 The Straits Steamship Group me 1 Mansfield Container Shipping Re Ltd P&O Containers CONTAMERSHP SERVICE TO UK/CONTWENT: STRAITS SHIPPING Singapore to Sabeh, Sarawak, Bcunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK Ovwwoi bay OUKS MT 4ms none BWtB dUNMCAN MT fl»N( MM wo txmst Accepting Cargo For: n N Air*1,053 words
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Advertisement773 1988-05-16 23 C SAV Ccrrpjn\i Sud Amer.cjn.i d-? I'jpcrcs S A C-f ,■.)■< i EXPRESS SERVICE TO/from CHILE FEEDER VESSEL CSAV J CSAV 1 CSAV 2 CSAV 3 S POKE MOTHER VESSEL HK 17/5 LAJA 22/5 t* A VESSEL 14* M CAR CARRIER 17fi > VESSEL 2VI ARICA IQQ ARTOf VALP SAI773 words
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Page 24 Advertisements
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Advertisement330 1988-05-16 24 HXSINOSE MARITIME PTE LTD V7TC7V ISLAMIC REPUBLIC OF ly*j| IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAH DAT PS &nfapore 1/S yt Loading for:BANDAR ABBAS BANDAR ABBAS KYOWA LINE fNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 30/5 LAE, PMB. RBL. HRA MICRONESIA SERVICE OCEANIA EXPRESS V-14 22/5 YOKO330 words
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Advertisement816 1988-05-16 24 V K.S.line t»MA CT>" FULLY CONTAINERISED SERVICE TO FUROPF VIA SUFZ I a Mrmtifi ol Ihf Act Corner! OAK SEA 7* f OR/MOTHER VESSEL KJJ 43E/HANJIN KWANCYANG 4SC KJJ 43E/KOREAN WONIS JIN 75E SSB 65E/KOREAN WONIS SUN M. SSB iSE/HANJIN BUSAN ME KCH HE/KOREAN WONIS ONE 7* KCH 36E/HANJIN POHANC816 words
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Advertisement340 1988-05-16 24 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO KOBE: SAILING 30/5 3 .VIM 3-i FOR: PORTO. LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALQIER 8 ISTANBUL U.S.A. NYC ALSO ACCEPTING TO 10/6 6/7 22/7 CHICAOO, BOSTON, JAV, PHIL. SAV 21/5 16/6 2/7 MIAMI S340 words
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Advertisement768 1988-05-16 24 m EVERGREEN r ull Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) nn 12* m* mi it* i 7/» a* m VESSEL SCP H6C FIX KM ANW LHV NYC NFK CMS KSN EVER CRAM 21/5 12* 14* IV* It* 17* X* a* B* 1/7 ever genius V EVER768 words
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Page 25 Advertisements
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Advertisement937 1988-05-16 25 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE I 1 VESSEL KOTA EAGLE SEA HAWK SEA DRAGON SEA HAWK VESSEL VOY INTEGRA M2l SEA FORTUNE 6621 INTEGRA 6623 MAJAPAHIT 21 SB SBY SMG SIN IS/S937 words
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Advertisement336 1988-05-16 25 \a BENLIKE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE HKG NOU 24/5 ARISTOTILIS IS 5/6 2/7 11/6 TASMAN J3S336 words
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Advertisement488 1988-05-16 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESUM LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY UNISIERRA/CP29/WB palembang/wb MATARAM/21WB BILBAO ANTWERP H BURG/ 35/5-2/6 10-13/6 25-28/6 ROAM/ADAM BREMEN Su6f#cl to Inducamant. Also accaptiog cargo to Casablanca, Port SaM, Port Alaiandrla,488 words
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Advertisement340 1988-05-16 25 BOUSTEAD SHIPPING AGENCIES PAGAN VI2I PA-AN VI2SW BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Spore P.K mi May 1/3 Jun Loading for Rangoon P.Kelang Penang Bangkok BANK LINE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC NIORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA VI3N BEECO ASIA V3S SPORE RDAM HULL HMBG 10/6 6/7340 words
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Page 26 Advertisements
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Advertisement922 1988-05-16 26 Kline KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST CHICAGO NYC CHINA CONTAINER HONGKONG CONTIANER KOREAN JACEWON KOREAN JACEJIN KOREAN JACEJIN QUEENSWAY BRIDGE iSEVEN SEAS BRIDGE "KOREAN922 words
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Advertisement803 1988-05-16 26 'M INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* wapn Mother Vsl ORIENT SUCCESS V 107 May S O. MANIPUR V 37H 15 Nay TIGER BAY V X 20 May INDIAN COURIER V 30N 24 May AGIOS ANDREAS V C-l 27 May ORIENT SUCCESS V.IOI 4 Juno SO NAGALAND V 39H803 words
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Advertisement768 1988-05-16 26 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LID D. T»lo» Aytf Street SINGAPORE 0104 TEL S34MM (10 LINES) Fai *****04 =5 STRAITS/PERSIAN GULF SERVICE: GOLDEN BEAR Colombo; Karachi Dutoi GOLDEN HARVEST Cotanbo Karachi Dub* CHINA SERVICE BAI TUN SHAN Xiamen Shanghai A VESSEL Huangpu Shanghai S pore P Kelang Penang 2*175768 words
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Advertisement618 1988-05-16 26 mvuuqj, iTI d V 10 9 1900 VQ PHILI-Oni€NT LIN€S PT€ LTD HEAD OFHCE 63 ROBINSON POAD «07 12 AfRO ASIA BUILDING. SINGAPORt 01C6 TELEX RS ***** PHIII TAX *****76 2E2E322En3 ETA SINGAPORE ESBMi DUBAI. OAMMAN, KUWAIT, BOMBAY. DONA. MUSCAT. BAHRAIN. ABU DHABI t SHARJAH JEDDAH HODCIDAH. AQABA 24/5 NEW618 words
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Page 27 Advertisements
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Advertisement821 1988-05-16 27 NEPTUNE ORIENT LINES LTD FM EMT/EUROK FBLLY CBRTMHMEB SERVICE NEPTUNE AGENCIES PTC LTD. ItMral fcpWw: T«4: 17M77 tnuntl CTS BOOKII P Katan« NEPLINE SON BHD 368M87 K Lumpur NEPLINE SON BHD. SIMS 3 Panang NEPLINE SON. BHD 6a8»*27N8 I.Mn NEPLINE SON BHO. 2MBM/2MMI I nwwbf of Nw ACE Consortium FE821 words
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Advertisement297 1988-05-16 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG. PENANG. BUSAN, INCHON S POPE AGENTS NEPTUNE AGENCIES PTE ITD t»: 'i 222 7 510 221X1? (Ope'ifcs) 7222W 22<*>2M <T.»~; *****50 2202W (CfSl V4I4YS A 'GENTS TUNAS SE TI a SON BHD i T r rms% rni9' P» Tr>297 words
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Advertisement750 1988-05-16 27 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 ***** PENANG P. KELANC MESSRS HAI THONG SHIPPING 127 FWw Strtti Penang. HMyu Mft HANDLING SYSTEM CO SON750 words
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Page 28 Advertisements
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Advertisement309 1988-05-16 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 (30 Lmesi FAX *****39 *****76 TILEX RS ***** A B SSCVA RS ***** A B SSCAO V E.B DE UTF R ACHT 'SE EREEDEREI h INTEGRATED FULL CONTAINER SERVICE E. THAELMANN 4/00 4 AUffUWD 4m iajaa •VIA COLOMBO' Accepting cargo for INDIA309 words
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Page 29 Advertisements
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Advertisement674 1988-05-16 29 (i pFARGO SHIPPING COMPANY (PTE)LTD No 15 Hoe Chiang Road cl 3 02 Sanford Building. Singapore 0208 Tel *****22 Tlx ***** FASCO *aC v ib ABC CONTAINERLINE N.V. TO AUSTRALIA/NEW ZEALAND VSL Elton Hud*| 2*l •rune! 203 7 DATS TO FREMANTLE! Also accepting cargo to:AUSTRALIA —Adelaide. Brisbane NEW ZEALAND —Wellington,674 words
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Advertisement749 1988-05-16 29 TRANS. 4 trading agency PTE. LTD. I r 0 IRAQI LINE IRAQI STATE ENTfUPRISE FOR WARUINE TRANSPORT WEST BOUND SERVICE ETA S PORE LOADING FOR ■V RORO AL-ZAHRAA In Port HodMUh M* MV RORO BALQEES In Port Hotted*)! to* MV BABYLON 1M IMmMi. tod* THROUGH B/l» to BAGHDAD UPON REQUEST749 words
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Page 30 Advertisements
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Advertisement542 1988-05-16 30 \sa fine-liner shipping fa* PTE LTD 70 Shenton Wiy 01 0;c Mirini House Spore 070/ 1 IfL *****77 (H Lines) U TLX PS 22W1 FLINFR fAX VVB* EUROPE SERVICE l3E'Wm;■■■• r-,.;.»(ii"v,:■ PAR EAST SERVICE 1 RUDDLE EAST GULF SERVICE 1 *fO«t IHQ M Ml m M KIT IM m ,it542 words
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Advertisement506 1988-05-16 30 ZIM FULL CONTAINER SERVICE accoptinf FCL/LCL urfon to USA East C Weft Coa»t Carribbean.East Canada HAITI Costa Rica, El Salvador. Guatemala. Honduras Venezuela Peru Ecuador. Colombia vta Miami Trinidad. Barbadot Antigua. St Lucia. MontMrrat. Guayana via Kingston AUSTRALIA CONTAINER SERVICE ACCEPTINS CARGO TO ADELAIDE »IA MELBOURNE AND ALSO fU TO506 words
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Advertisement570 1988-05-16 30 Everett Lines COMFANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MAT ARAN I, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION; THOMASEVERETT HUGHEVERETT MANOLOEVERETT P Kelanf* Singapore 22/23 May 13/14 Jim ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE570 words
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Page 30 Miscellaneous
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Miscellaneous178 1988-05-16 30 M X V Regional Weather m >jr v. */A m ,<S 1 >, sS m Z-V) 50V S? Ar £5 ss IS v^fik -Ilk! SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c y Win* Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C178 words
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Page 31 Advertisements
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Advertisement329 1988-05-16 31 Seabndge INTCRCONTTHEMTAL LINE General/Marketing Agents: SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO GWUP of COMPANIES, iapan) Singapore: *****11 Tlx: R*****1 SEA AIR Fax: *****90 Warehouse at PSA Multistorey Complex *****00 Malaysia. *****33 Tlx. MA***** Fax: *****00 DMQMAMC HQTO M fat Ji'lll Y FROM Singapore Port Keiang Penang UK/EUROPE:329 words
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Advertisement206 1988-05-16 31 fSAMTA] UMtfTAQMX# SAMTA SHIPPING AGENCIES PTE. LTD. NO. 3 SHENTON WAY #03-01, SHENTON HOUSE, SMGAPORE 0106 TEL: *****55 FAX: *****73 TELEX: RS ***** SAMTA CABLE: "SAMTAAQENT" STRAITS/INDIA SERVICE PHOR ANN 16/17 MAY SINGAPORE ACCEPTING CARGOES FOR W.C. INDIA AND SRI LANKA P.T. TYTYAN SAMODRA SHIPPING COY Envi Services Pte Ltd206 words
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Advertisement441 1988-05-16 31 V "J V k 111. .1 LCL/FCL SERVICE i VESSEL S PORE BANGKOK 23/5 I 26/5 S PORE I JAKARTA 18/5 I 21/5 1 lIWJI llt/.l IVJ M i nn m m m crn o Asr accept ng < argo To KfftuN(j aom<; C M \A »:a K?\r, P Xf441 words
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Advertisement584 1988-05-16 31 GLORY NAVIGATION GROUP TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' SP PKL PN BLW KAOI GLORY St LA TAN IX Sid BANJARMASIN 10/5 GLORY SELATAN VILI V7I HVS 2*5 GLORY SELATAN VUI V 77 SM 14/5 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND584 words
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Advertisement308 1988-05-16 31 PTC CONTAINER LINES FCI ICI StRVICE KC G.>JUP SIN PU EAST 22/5 KEELUNG/KAOHSIUNG 21/5 BANGKOK 20/5 MANILA 20/5 JAKARTA 21/5 PORT KELANG/PENANG 19/5 BUSAN 23/5 TOKYO/YOKO/KOBE 18/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/ Xingang/Shanghai SIM EBtIPE 18/5 RDM/HAM/ANT/LE HAVRE/GENOA SIN tSA/6AHAIA 22/5 LA./NYC/SFO 22/5 VANCOUVER/TORONTO/MONTREAL C/CJ CARGO IN308 words
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Page 32 Advertisements
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Advertisement328 1988-05-16 32 I// Hai Sun Hup Co (Pte) Ltd L TEL *****06 (20 Lines) TLX RS ***** &RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILINGS KK SPORE PK Pt REU DBN Tl«0« ISLAND ¥71* SM SM SM jffi 'Mm calls E.L A P.E. GENERAL AGENTS: HAJ SUN HUP328 words
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Advertisement373 1988-05-16 32 FOR reliable and fast transit WEEKLY FCL SERVICE TO USA-EAST COAST/GUIFJCANADA/MEXICO AND FRENCH WEST INDIES VSI Sport LtMarrt Connactinf VSt U 'L^ DCLFT VIC IM 2S NUERNBCC ATI nihon vi« an m dusseloohf exp y rl ns N. OCJIMA VIC 30/5 lift STUTTCAPT EXP Houston/Mexico Vera Cruz, Mexico City. Also373 words
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Advertisement110 1988-05-16 32 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agent MHON-ASU SHIPPING (SI PTE LID Tel: *****86 (8 Lines) Tlx: RS ***** SEAFIX INDONESIA/JAPAN SERVICE STORE PBAPU PTK BJM LOADING FOR: 25/5 23/5 29/5 OSAKA, NAGOYA. TOKYO STRAITS/S. KOREA SERVICE S'PORE K.K. TAW LOADING FOR:SLD 18/5 23/5 INCHON. BUSA"110 words
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Advertisement860 1988-05-16 32 BNBh CALL US ATr P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE I K. LUMPUR WEEKLY FAR EAST/EUROPE CONTAINER SERVICE P KELANG I MTHR VSL N. CXJIMA B SLIRIA SfLANDIA TO EUROPE FEEDER B. BUTANG 445 B. BUTANG 447 B. BUTANC 445 B BUTANC 4SI OTHER DESTINATIONS: AARHUS AMSTERDAM. ANTWERP.860 words
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