The Business Times, 23 May 1988
1988-05-23
1
30
https://www.nlb.gov.sg
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The Business Times
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Title Section11 1988-05-23 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, MAY 23, 1988 75 CENTS11 words
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Article, Illustration539 1988-05-23 1 CORRINA LIM - SES may boost capital requirements by year's end By CORRINA LIM THE STOCK EXCHANGE of Singapore is expected to kick off a second wave of corporatisation of broking firms on June 1. Brokers reckon that the SES may also raise the paid-up539 words
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Article, Illustration520 1988-05-23 1 BOEY KIT YIN - By BOEY KIT YIN OFFICE RENTAL RATES in Singapore are among the lowest in major cities, according to a survey conducted by property firm Chesterton International (Australia) Pty Ltd. While this is great news for companies operating here since it means lower operating costs, itSource: - 520 words
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291 1988-05-23 1 Reuter PRESIDENT REAGAN is a likeable man but an ineffectual leader who is almost incapable of focusing on issues, said Chrysler Corp chairman Lee lacocca in his second autobiography, to be published next month. "I saw Reagan on a number ofReuter - 291 words
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141 1988-05-23 1 AFP NINE YEARS of conservative rule under British Prime Minister Margaret Thatcher has made Britain a richer and freer, but also a more selfish place, according to a poll published yesterday in the British newspaper, The Observer. Forty-eight per cent of theAFP - 141 words
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508 1988-05-23 1 ALVIN TAY - By ALVIN TAY SHING LOONG FINANCE of the Keppel Group has emerged as a prospective buyer of three small finance companies which have been trying to merge their operations for more than a year. BT understands that talks are still508 words
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Article83 1988-05-23 1 AFP JAPAN'S first free trade zone will open in Naha in July after facilities are completed this week, officials said last Saturday. Japanese and foreign traders would be allowed to hold imported materials or processed goods off customs pro- cedures in the zone toAFP - 83 words
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Page 1 Advertisements
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Advertisement324 1988-05-23 1 Need a housing loan? W\VK)ON(; 737-7977 fljrl W&y (bong Mortgage And Finance (S) Ltd 3/ A wholly-owned subsidiary of Hongkongßank 6 Claymore Hill #03-01 Claymore Plaza Singapore 0922 MANAGEMENT IN THE MID-70s, a canny American entrepreneur decided he had a better future in Singapore than Taiwan. He placed his bets324 words
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Advertisement366 1988-05-23 1 Keyboard management WHEN PERSONAL COMPUTERS were launched, everyone thought computerisation was the key to corporate efficiency. Is that really so? Some nerve-wracking experiences have been related, some happy tales told. Where were the hitches? How was success attained? Spotlight on Management, on Pag« 2, provides golden rules for computer system366 words
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Advertisement100 1988-05-23 1 K&10I NOW NAGOYA! iW Jf Elegant enduring symbol of the Sagoya Castle s former glory the legendary fish of pure gold KAGOSHIMA TOKYO NAGOYA OSAKA JAL adds another S new destination Nagoya. Now, two flights a week every Monday and Thursday departing at 1.10 am. Whichever day you go, enjoy100 words
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MANAGEMENT
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Article, Illustration1105 1988-05-23 2 The takeover of light bulb company Duro-Test Corporation by a Yale professor has been considered a textbook case in more ways than one. This article looks at how Professor William Lyons engineered his first corporate acquisition. NYT HOW MANY Yale professors does it take toNYT - 1,105 words
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914 1988-05-23 2 GEORGE LYE - Spotlight on Management By GEORGE LYE WHEN THE IBM personal computers (PCs) and the Taiwanese clones appeared in early 1960, the buzz word then was "computerisation". Everyone thought that computerisation was the key to corporate efficiency. However, history has shown that there have914 words
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563 1988-05-23 3 LILY FERNANDEZ - BBcl J fefll I ksMB By LILY FERNANDEZ IF THERE WERE more welltrained tool and die designers in Singapore, the tool and die shops would be able to move into designing and building moulds. At the moment, because of a lack of designers563 words
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Article, Illustration1338 1988-05-23 3 CHUANG PECK MING - In the mid-*****, a canny American entrepreneur decided he had a better future in Singapore than Taiwan. He placed his bets here and has not looked back since. CHUANG PECK MING interviews William Cohune, whose experience in Asia1,338 words
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Page 2 Advertisements
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Advertisement197 1988-05-23 2 ./t 'C Orchand Road Only one first class hotel is right in the middle. The Crown Prince Hotel. Completely surrounded by the vivid colour and constant excitement of Orchard Road. It is indeed the crown in the jewel. ."Ml around, in every- direction, there are stores and shopping centres, banks,197 words
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Advertisement206 1988-05-23 2 Welcome to Spotlight on Management, BT's weekly column which will attempt to answer your questions on management issues. Your queries will be handled by experts from Ernst Whinney Consultants. To get the series going, we have posed questions frequently asked by managers. You, the readers, should take it from there206 words
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Page 3 Advertisements
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Advertisement90 1988-05-23 3 UTA, the French Airline, flies to Paris three times a week. The more discerning traveller will find that our Galaxy Business Class is the ultimate in panache and style, and clear proof that great cuisine,like great wines, can travel well. The French,it is said, know how to live. They also90 words
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Page 4 Advertisements
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Advertisement190 1988-05-23 4 A Club where you don't have to be a member? A Happy Hour that'* notjiuit a Happy Hour? Sound* 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. STRAIGHT190 words
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ASIA-PACIFIC
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432 1988-05-23 5 Bernama ES THE MALAYSIAN government is looking into ways to make sure that Employees Provident Fund (EPF) members who apply for withdrawals of their contributions to purchase houses actually use them for that purpose. Deputy Finance Minister Senator Mohamed FaridBernama ES - 432 words
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Article204 1988-05-23 5 AFP THE PACIFIC Economic Cooperation Conference (PECC) reaffirmed in its closing statement last Friday its support for the strengthening of the open world trading system. The statement released in Osaka, Japan, called for "substantial reduction of the agricultural protection that has disrupted world trade forAFP - 204 words
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Article554 1988-05-23 5 Problem could become a social time-bomb, says labour leader Reuter RISING UNEMPLOYMENT in Indonesian cities is becoming a worrying problem for the government, with one labour union leader warning that the issue could become a social timebomb unless tackled urgently. The World Bank, in its annual reportReuter - 554 words
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79 1988-05-23 5 AP TALKS BETWEEN the US and the Philippines on the future of American military bases are near collapee because of wide differences between the two sides, according to Manila newspapers. US officials declined comment on the reports, which appeared overAP - 79 words
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227 1988-05-23 5 AP CHINA'S State Council has approved new regulations giving foreign-funded enterprises more freedom to hire and fire workers. The Chins Daily newspaper said last Saturday foreign-funded businesses would be able to recruit their own workers and managerial staff, and would no longer needAP - 227 words
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Article, Illustration412 1988-05-23 5 Reuter SOUTH KOREAN opposition leader Kim Dae-Jung bowed to a barrage of criticism last Saturday and withdrew his demand for political talks with North Korea over co-hosting the Olympic Games. Mr Kim sparked a bitter furore by telling his party lastReuter - 412 words
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Page 5 Advertisements
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Advertisement237 1988-05-23 5 P*rsp*ctiv«, Pag* 10 > .VitU' W I Mr If assr Pi. >%. aroid )or&ne hi ii a jtpW k PPOIaVO,M ♦to*** e 6 XA^ "<.y > i. am \mm mmmmi EStft; ■Kwar, i-.*' ES®v'| f ■AT, > ii iirratffl —aw rifc*"*polat ,u kV.^£ t V*'"» v~! flfejfcjPfc |irr A v/237 words
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Page 5 Miscellaneous
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Miscellaneous32 1988-05-23 5 Doonesbury BY GARRY TRUDEAU ¥m m m c» ■A i j *ol TO a trt M AVO!P COMPLEX HJH&f*NOUF I9SU&TDC*y. 0&O& COWKIAK- okSW&T? NGANAP* I* id M m V r, n L32 words
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REST OF THE WORLD
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347 1988-05-23 6 AP INCOME TAX payments in April gave the US federal government a budget surplus for the month, but the amount was smaller than the same month last year, the Treasury Department said last Friday. So far in fiscal year 1988. the governmentAP - 347 words
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164 1988-05-23 6 AP US TRADE REPRESENTATIVE Clayton Yeutter has warned that the sharp narrowing in the US foreign trade deficit in March does not necessarily signal a trend. According to the latest US trade data, the gap narrowed to U559.75 billion from U5513.83AP - 164 words
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286 1988-05-23 6 AFP THE THORNY ISSUE of farm subsidies may be a major bone of contention at the June economic summit meeting of industrialised countries in Toronto, observers in Paris said last Friday. After last week's meeting of the Organisation for Economic CooperationAFP - 286 words
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Article253 1988-05-23 6 AFP WEST GERMANY and France will seek to establish common positions on EastWest disarmament, the two countries' foreign ministers said at a joint press conference in Bonn last Friday. French Foreign Minister Roland Dumas, who held a working lunch with his West German counterpart Hans-DietrichAFP - 253 words
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179 1988-05-23 6 Reuter PRIME MINISTER Margaret Thatcher may return Britain's loss-making railway network to private ownership if she wins the next election in the *****. The Times said last Saturday. The London newspaper quoted Whitehall sources as saying the idea was being discussed at the DepartmentReuter - 179 words
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Article, Illustration351 1988-05-23 6 AFP AS SOVIET LEADER Mikhail Gorbachev greets US President Ronald Reagan in Moscow next Sunday, his eyes will be as much on his country's internal politics as on superpower ties. In addition to discussing arms control and regional conflicts with Mr Reagan,AFP - 351 words
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Article919 1988-05-23 6 ARRIVALS Operator Sorvic* Local From number rim* SU SQ23 0755 AMS/80M MAS MH640 0820 KUL SIA SO 27 0825 CPH/FRA SU SO 4 3 0835 DHA MK MK/ 0855 MRU /KUL SQ742 MAS MH651 0910 PEN MAS MH607 0920 KUL SIA SQ103 0950 KUL SU SQ917 1000919 words
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Page 6 Advertisements
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Advertisement129 1988-05-23 6 Bangkok with Thai v K r ■■X SrtgMf V 7*5 Cr s »,v IP •as m im i9*e #8® J* '42* Night v ui-. it-;* ,5- V. 'm: Daily As you can see, our daily flights to Bangkok are as regular as your three main daily meals. As perfectly timed129 words
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Advertisement63 1988-05-23 6 Summit br«ak doubtful, Pag« 10 I f II \I I If 11 The business person's choice every I I l II II I Tuesday, Thursday, Saturday and Sunday. I A I Leaving Chong. Airport at 22:05 B i\ _J J_ 1 S yy J_ hours ond arriving Heathrow eoriy the63 words
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Page 6 Miscellaneous
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Miscellaneous129 1988-05-23 6 wm Max/ Not* Adelaide Amsterdam Athens Bahrain Bangkok Barbados 22/10 Fin# 14/05 Cleor 16/11 Cloudy 34/21 Cleor 17/07 Cloudy 11/03 Hazy una* 24/10 Cloudy 09/07 Rain 32/25 Fine 14/04 Clear 14/03 Clear 16/10 Cloudy 29/22 Clear 13/08 Cloudy 17/08 Showers 27/24 Cloudy 31/24 Clear unav 24/15 Clear 33/24 O'cast 25/18129 words
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BANKING AND FINANCE
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365 1988-05-23 7 AFP THE 24th ANNUAL MEETING of the African Development Bank opens in Abidjan on June 1 in tbe face of continuing economic depression in the continent. T Bank Secretary-General Kofi Dei-Anang told a news conference last Friday that representatives ofAFP - 365 words
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Article505 1988-05-23 7 Reuter THE WORLD BANK is trying to shed its image of being uncaring <about the environment in its effprts to push Third World development. For years, environmentalists &tded by friends in the US Congress have been highly critical of ttte bank, accusing it of ignoringReuter - 505 words
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Article1280 1988-05-23 7 FLORENCE CHONG - From FLORENCE CHONG THE MARKET for Australia's multi-billion-dollar trade finance is among the toughest in the world. The past year has seen some financial institutions and banks pull out of the race and others enter the market estimated to be worth up to As2o1,280 words
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Article, Illustration222 1988-05-23 7 Reuter A LEAOING SWISS BANK has suffered a setback in its battle to keep secret the bank records of deposed Philippine president Ferdinand Marcos, according to a government spokesman in Berne. The Swiss Federal Court ruled last Monday that the bank.Reuter - 222 words
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115 1988-05-23 7 Reuter THE BANK OF NEW ZEALAND says it has covered all potential loan losses. Chairman Ronald Brierley told a news conference in Wellington last week after the bank announced a record NZ$lBl.6 million after-tax profit 22.3 per cent above last year's that losses wereReuter - 115 words
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Page 7 Advertisements
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Advertisement139 1988-05-23 7 I of y PULSAR LX 1.3 78 Hop aboard the Orient Express, our exciting new short-term car rental scheme, and you can drive off in style —with one of our brand new Nissan Pulsar or Nissan Sunny models. Our Orient Express scheme is the perfect complement to our well-established term139 words
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Advertisement245 1988-05-23 7 Business people waste the equivalent of one day a week looking for information. .ft' v r ?N i/"* -v* -C V~ I 4 With a Unisys computer system you won't have to pay that kind of penalty. Our fourth-generation languages are productivity tools that deliver information the way you need245 words
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MONEY AND EXCHANGES
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Article, Illustration710 1988-05-23 8 PAUL FRANKLAND - ffaMQ @(sma by PAUL FRANKLAND LET ME HELP those of you who are still confused at this stage by reviewing all the various types of insurance covers a typical business may need. Let's start with "Physical Assets", which are always high on the list710 words
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Article233 1988-05-23 8 Commercial Discount Co Ltd IN THE ABSENCE of local developments last week, the Singapore government securities market gave its exclusive attention to economic news in the US. Daily price movements consequently tended to duplicate those in the US Treasury markets. The slide met with resistance along theCommercial Discount Co Ltd - 233 words
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Article212 1988-05-23 8 Asian market ASIAN CURRENCY average deposit rates for 1 ihe week ended May 20 MO P RICES High Lew US t 7 do yt 7 1/16 7 1/16 1 month 7 1/4 7 3/16 2 months 7 3/S 7 1/4 3 IIHJH#W 7 7/16 7 3/S 6 months 7 11/16212 words
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Article32 1988-05-23 8 The range of call rates for the week ended Saturday, May 21 s Rook fund 3.40 3.90 G«n fund 2.50 3.90 Movement! of funds M$753m Source: Short Deposits (M) Bhd32 words
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366 1988-05-23 8 Bernama CITIBANK NA has come up with a novel, hassle-free loan package for property owners in Malaysia taking advantage of the recovering property market. Its vice-president in Kuala Lumpur, Allen K M Tan said the timing of theBernama - 366 words
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Article1265 1988-05-23 8 AFP IN CONTRAST to events in the previous weeks, the international foreign exchange markets were full of surprises last week. The US dollar surge in the wake of better-than-expected US trade figures was the major event of the week. But the British pound and the Australian dollar wereAFP - 1,265 words
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Article405 1988-05-23 8 Gold Financial futures Green Collier AS HAPPENED in past months, the release of US trade figures injected a strong dosage of stimulant to the otherwise lethargic financial markets last week. The flurry of buying into the US dollar sent most of the major currencies reeling. June sterling was knocked downGreen & Collier - 405 words
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Article173 1988-05-23 8 Gold futures on May 20 100 troy ounces USS per troy ounce Opwi HI* Low Soma Mo, 457.60 457.60 457.60 458.10 0.70 km 458 20 459.00 456.50 458.70 ♦0.50 M 460.80 0.50 461 80 462.70 459.70 462.10 0.50 Oct 466.00 466.80 464.50 466.80 0.50 Ok 471 80173 words
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Article, Illustration527 1988-05-23 8 Indicates the average of the prime lending rates of 12 major banks in 3'oore PLR of banks at the clot* of business on Friday, May 20,as supplied by Ihe Association of Ranks in Singapore. RANK PLR <%) Algernon* Rank 6% Allied Irish Rank PLC 6 American Express527 words
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Page 8 Advertisements
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Advertisement135 1988-05-23 8 fire's why our tenants ate extending their leases 15 minutes lo the airport and city. The beach is just across the road. Best recreational facilities in any service apartment Olympic-length swimming pool, wading pool, putting green, tennis, squash, badminton, liny tots' and 'adventure' playgrounds, and barbecue areas Clubhouse with sauna,135 words
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Advertisement49 1988-05-23 8 IB BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106 WHY SETTLE FOR LESS? INSIST ON THE BEST! YORK SPARE PARTS CENTRE For your convenience YORK spare parts are now available over the counter YORK AIRCONDITIONING AND REFRIGERATION, INC. 29 INDUSTRIAL ROAD SINGAPORE 1953 TLX: RS ***** YORKSIN FAX: *****1549 words
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COMMODITIES
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356 1988-05-23 9 AFP MALAYSIA IS LIKELY to join the International Cocoa Organisation (IGCO) once its production reaches a comfortable level, according to official sources in Kuala Lumpur. Currently the world's third largest producer of cocoa after thp Ivory Coast and Brazil, Malaysia couldAFP - 356 words
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Article321 1988-05-23 9 AFP INDONESIA will favour an oil production quota for Iraq at next month s Opec meeting in Vienna, according to Mines and Energy Minister Qinanjar Kartasasmita in Jakarta. The other 12 members of the Organisation of Petroleum Exporting Countries had agreed on the needAFP - 321 words
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1080 1988-05-23 9 AFP FEARS OF A RESURGENCE in inflation, rekindled by the announcement of a much larger-than-expected reduction in the US trade deficit in March, depressed stock markets around the world last week, but gave a boost to precious metals. The rise was particularly markedAFP - 1,080 words
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Article310 1988-05-23 9 London Commodity Exchange Buyer/Seller doting prices on May 20 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Bosh in-jtof« London, sellers option OF London May 1059/1061 (1067/1070) High/Low 1073/1060 M 1077/1078 (1084/1065) High/Low 1090/1076 So lei (2281) Cocoa May 934/935 (935/939) Ugh/Low 938/932 Ail 950/951 (955/956) High/Low310 words
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Article297 1988-05-23 9 Bernama ES MALAYSIAN crude palm oil prices closed steadier on the Kuala Lumpur Commodity Exchange last week with spot month June rising MS3I at M 5972 per tonne from Ms94l per tonne previously. The KLCE was only opened for trading last Monday and Friday as it was forBernama ES - 297 words
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Article328 1988-05-23 9 Rubber KL Tin Bernama ES RUBBER PRICES hit their highest levels in more than seven years last week with spot month June Int One RSS closing 13.5 cents higher at 334.50 cents a kg. Dealers said despite dull trading on the the market. speculative buying interest and continued absence ofBernama ES - 328 words
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Article174 1988-05-23 9 Chinese Produce Exchange StUtn' noon dosing pel May 20 (S$/100 kg) cct on Coconut oil Buik FOB 107.00 Otd drum FOB 117.00 N»w drum FOB 121.00 Copra Mixed (loot*) 62 sellers Pepper Muntofc white FOB NIW 1140.00 Sarawak whit* FOB faq NIW 1125.00 Sarawak special block FOB NLW174 words
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Article225 1988-05-23 9 SOYBEAN FUTURES on the Chicago Board of Trade rallied and closed last Friday with sharp gains of 11% to eight US cents a bushel on or near session highs. Spot July settled up US$lO% at U557.78%. Prices soared late on local and professional house pre-weekend speculative buying. Nearbys were225 words
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Article213 1988-05-23 9 WHEAT FUTURES on the Chicago Board of Trade closed on or near session highs last Friday after turning around from midday lows on steady speculative buying. Prices ended up 5% to 1% US cents a bushel with spot July 4% cents higher at U553.4614. Heavy mixed speculative buying, as213 words
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Page 9 Advertisements
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Advertisement82 1988-05-23 9 ONE OR TWO man business tinatcA, office Rp PRESENTS THE WORLD'S FINEST FOR LESS THAN THE COST OE A TYPIST! Mid City location Spectacular views Telephone answered the way you want it Fully furnished office Complete secretarial Word processing Facsimile Telex Intercom Boardrooms Bars Photocopiers Computers Juniors to run messages82 words
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Advertisement181 1988-05-23 9 choice lor fine dining, or an evening of executive with as full array of services and amenities. the Newton MKT entertainment districts are Virtually on ks Major business, just minutes away. For the Federal Pacific Group, the CHATEAU at SCOTTS is the newest chapter in the Group's 100-year history. It's181 words
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PERSPECTIVE
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Article, Illustration895 1988-05-23 10 RICH MILLER - As economic power shifts from the Atlantic to the Pacific, countries both rich and poor are becoming anxious to participate in the success of the region. They are asking to join the Pacific Economic Cooperation Conference even as the organisationReuter - 895 words
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Article, Illustration670 1988-05-23 10 TONY BARBER - By TONY BARBER Reuter DESPITE the improved climate of superpower relations. both the US and the Soviet Union seem to accept that this month's Moscow summit will not lead to substantial breakthroughs. Policymakers also seem concerned that US-Soviet ties may enter an unpredictableReuter - 670 words
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810 1988-05-23 10 BARRY JAMES - By BARRY JAMES IHT EUROPEAN and US airlines are heading into a billion dollar battle as they enter a new era of computer reservation systems spanning the world. European airlines are racing to install two competing systems, known as Galileo andIHT - 810 words
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Page 10 Advertisements
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Advertisement12 1988-05-23 10 Get Hooked ~*n- -<. Aon Seafood from around "V wor |d! fWW I*12 words
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Page 10 Miscellaneous
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Miscellaneous1265 1988-05-23 10 BnStoW Flank Di cken£ TV4€J?e'S Ho r4€J=D TO RpuS€_ nooc. vo»ce to oveß tug pho*4g or coußse rm no* Ijp»ST»WG> TO rop*«e r^owev—tsfcr TO topvSTeT\ l*>G'fcG GONG TO HRwe TROU&IG LOnVHTVtPfT* NGU) ON SuMTCHBORCD.... to 000 aaaa® a 12 PM Opening and Progromme Highlight followed by Coll Me MMk Japan1,265 words
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THE ARTS
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740 1988-05-23 11 SHAUN KOH - N c By SHAUN KOH IF INSTRUMENTALISTS have made rapid strides in the past 25 years, their progress has been far surpassed by the feats of a new generation of singers. Contemporary music and the avant-garde have made740 words
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Article, Illustration114 1988-05-23 11 THE SINGAPORE Symphony Orchestra will be giving an all-Mozart concert featuring violinist Chua Lik Wuk and violist Jiri Heger on May 28, beginning at 8.15pm at the Victoria Concert Hall. The orchestra will be directed by the SSO's assistant conductor Lim Yau in this programme of familiar favourites.114 words
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Article, Illustration387 1988-05-23 11 CLAIRE LEOW - By CLAIRE LEOW THEY CHARMED, tantalised and teased. Elegant and energetic, creative yet sensitive, Ballet Philippines captivated the Singapore audience at the Kallang Theatre last Thursday evening with their artistic visions both elusive and dramatic. Carmen, the night's showpiece based on the opera, won the387 words
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Article, Illustration831 1988-05-23 11 VANESSA LEE - Pioneer art promoter and friend to many a young unknown artist By VANESSA LEE TWO WEEKS AGO, Mrs Delia Butcher had one arm in a sling and was walking with the help of a stick. She also had a wheelchair, an artist added. "I was nearly run831 words
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Page 11 Advertisements
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Advertisement544 1988-05-23 11 MALAYSIAN MOSAICS BERHAD (Incorporated in Malaysia) ANNOUNCEMENT PRELIMINARY REPORT OF UNAUDITED RESULTS FOR THE YEAR ENDED 31ST JANUARY 1988 The Directors of Malaysian Mosaics Berhad are pleased to announce the unaudited results of the Group and the Company for the year ended 31st January 1988. (Year to 31.1J8) (Year to544 words
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Page 11 Miscellaneous
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Miscellaneous682 1988-05-23 11 mmmm CRYPTIC PUZZLE ACROSS 1 Come down and grab something to eat (5) 6 Looks for Samuel, we hear (5) 9 Once more a strange edict is quoted from memory (7) 10 Hot complaint (5) 11 Has a list (5) 12 Villain who never put a cigarette out (5) 13682 words
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SPORTS & LEISURE
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Article, Illustration656 1988-05-23 12 AP RISEN STAR, a strapping colt from New Orleans, turned the Preakness into the Baltimore blues for Kentucky Derby winner Winning Colors on Saturday. Risen Star, whose trainer and co-owner had been reluctant to enter him, took the lead approaching the quarter pole and wentAP - 656 words
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Article, Illustration425 1988-05-23 13 AFP ENGLAND beat the West Indies again on Saturday to take an unbeatable 2-0 lead in the three-match One-Day Internationals. England have now won eight of the last nine OneDay Internationals between the two countries and much of the thanks goes to allrounder Derek Pringle whoAFP - 425 words
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Article, Illustration398 1988-05-23 13 Reuter TENNIS FANS may look in vain for a touch of the unexpected when the French Open championships get underway at Roland Garros today. Logic suggests the world's best two clay court players, Ivan Lendl of Czechoslovakia and Mats Wilander of Sweden, willReuter - 398 words
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Article, Illustration468 1988-05-23 13 AP AS FAR AS Los Angeles coach Pat Riley is concerned, the Lakers may have cleared their biggest hurdle in trying to repeat as National Basketball Association champions. The Lakers, trying to become the first team in 20 years to winAP - 468 words
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Article139 1988-05-23 13 AFP SWEDEN beat Czechoslovakia 2-1 on Saturday to win their World Team Tennis Cup group and qualify for a match against the US in yesterday's final in Dusseldorf. The Swedes were going for a second win in the cup, while the US has won the cup threeAFP - 139 words
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354 1988-05-23 13 UPI LANNY WADKINS, Clarence Rose and Scott Hoch, all of whom were part of a five-way first-round deadlock, stayed there with rounds of 68 that left them tied for the lead after 36 holes of the U*****,000 Colonial National Invitation on Friday. TheUPI - 354 words
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236 1988-05-23 13 UPI WORLD 500 cc champion Wayne Gardner, riding his Honda despite a painful foot injury, took pole position for yesterday's Italian Grand Prix motorcycle race after getting a doctor's all-clear to compete. Australian Gardner covered the 5.04-km Dino Ferrari track in oneUPI - 236 words
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592 1988-05-23 13 SHIRISH NADKARNI - From SHIRISH NADKARNI A HUGE BEAR HUG that sev-en-times former All-England singles champion and current Danish national coach Erland Kops gave another All-England great. Eddy Choong of Malaysia. was the most heartwarming part of the morning session at the Federal Hotel after the592 words
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Page 12 Advertisements
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Advertisement853 1988-05-23 12 {4 CQURyoiSIER XO-Where to eat, drink... ROU GU CHA BREAKFAST at CAFE BOULEVARD 7am—llam daily >« SSs.oo++ er person FISH VERMICELLI at DON DANG SAYANG Daily Lunch and Dinner 1, Tanglin Road Singapore 1024 Tel: *****33 Telex: MINGTEL RS ***** Telefax: *****42 SS7.oo++ per person A WHO COUKT HUItL ror853 words
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Advertisement173 1988-05-23 12 40? fQk French connection 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 s?s™ d r d Prices subject to173 words
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Page 13 Advertisements
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Advertisement287 1988-05-23 13 and entertain 6 Invitingly Indonesian Cafe-in-the-Park cordially invites you to dinner during our Indonesian Food Promotion. Our daily Bullet Dinner will put the spice into your life with offerings of piguant sambals, coconut-rich curries and delectable Indonesian favourites. It's an invitation you don't want to miss! May 17 to 28,287 words
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Advertisement238 1988-05-23 13 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. And Finish with mouthwatering238 words
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MARKET REVIEWS
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Article, Illustration5321 1988-05-23 14 MAGDALENE NG - r Singapore P By MAGDALENE NG THE SINGAPORE stock market closed easier for the holidayshortened week, despite an initial firm opening on Monday. The decline in the Straits Times Industrial Index, the market's barometer, followed sharp falls in Wall Street and Tokyo. The ST5,321 words
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761 1988-05-23 15 ■I m 1 Rill Tokyo lr*l 4 AFP THE Tokyo Stock Exchange had a topsy-turvy week as the key Nikkei stock average hit a record high on Tuesday, then suffered its largest daily loss of the year on Thursday. The 225-blue chipAFP - 761 words
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273 1988-05-23 15 SHARE PRICES underwent further consolidation to finish mixed to easier at the Kuala Lumpur stock market last week. Against the softer tendency, plantation stocks surged higher on renewed interest. Overall, losses were marginal but scattered double-digit gains were posted by industrial273 words
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138 1988-05-23 15 SHIRISH NADKARNI, AJIT AGHARKAR - From SHIRISH NADKARNI, AJIT AGHARKAR THE INDIAN government's proposal to consider abolishing tax on dividend income sent marketmen on the Bombay Stock Exchange into raptures. Following the frenzied activity, the BSE equity index shot up to a new high of 539.42 for 1968138 words
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Article, Illustration778 1988-05-23 15 H l x J 1 Hongkong M DBS Securities HK THE announcement of the US March trade figures on Tuesday received much attention in the Hongkong market, which was especially quiet last week with an average daily volume of HK5673.98m compared with HKsB3l.B4mDBS Securities HK - 778 words
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688 1988-05-23 15 RAY HEATH - 1 fcmil London From RAY HEATH TRYING to keep track of all the economic balls that are whirling around above their heads made UK investors dizzy last week. Interest rates were falling, inflation rising, output appeared to be slowing and lending soaring. Add688 words
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469 1988-05-23 15 ro m/i J ew y AP PROGRAM TRADING, a prime target of Wall Street's post-Crash scapegoat searchers, received two key defences last week, one from Federal Reserve chairman Alan Greenspan and the other from the market's own behaviour. Mr Greenspan's endorsement of theAP - 469 words
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152 1988-05-23 15 AFP THE Australian share market enjoyed a healthy return to quality stocks last week as buyers put market jitters aside and plunged in. Broking analysts agreed that last Friday's trading left behind Thursday's sell-off in response to falls on Wall Street and Tokyo's biggestAFP - 152 words
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Article107 1988-05-23 15 ABN Bank BETTER THAN EXPECTED US data on producer prices and the trade deficit could not stimulate stock prices in Amsterdam last week Fears of inflation dominated the market. Investors remained on the sidelines, so trading volume was low, and the index ended the week onlyABN Bank - 107 words
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Page 15 Advertisements
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Advertisement183 1988-05-23 15 NOTICE OF REDEMPTION to the Holders of V Korea Exchange Bank U5550,000,000 Floating Rate Notes due 1993 NOTICE IS HEREBY GIVEN that in accordance with the provisions of Clause s(c) of the Terms and Conditions of the Notes, Korea Exchange Bank has elected to and will redeem all of the183 words
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Advertisement212 1988-05-23 15 The factory is conveniently located within walking distance of the Queenstown MKT station Available for immediate occupancy with minimal leasehold improvements as it comes with a number of basic facilities/equipment Just the ideal opportunity for a semiconductor or related industry looking for additional space to expand or newly start-up operations212 words
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COMPANY NEWS
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690 1988-05-23 16 FLORENCE CHONG - From FLORENCE CHONG CASH-RICH Abacus Pacific NV is looking for acquisitions in Australia. The company, a subsidiary of Johan Holdings, reported an eq-uity-accounted net profit of AJ6.24 million for the full year to Jan 31, 1988 earlier this month. It will make a 1-for-20690 words
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193 1988-05-23 16 ■Z THE POSTPONED trial run of the > Stock Exchange of Singapore's new trading floor system, origi- nally set for May 3. is likely to take off in a fortnight, a source > close to the SES has said. The earlier193 words
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702 1988-05-23 16 MBT RAYA Developments end has revised plans for the Villas its biggest Malaysian condominium project and will now develop it in phases. E*®cutive director Lawrence Chan Kefc Tong said after the company's 24th annual general meeting in Kuala Lumpur over the weekendMBT - 702 words
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Article153 1988-05-23 16 Bernama ES ASIA Commercial Finance, the finance arm of the Lion Group, may seek a listing on the Kuala Lumpur stock exchange in the light of its current rapid growth, Lion Corporation Bhd chairman William H J Cheng said on Saturday. "Like any other growingBernama ES - 153 words
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Article1306 1988-05-23 16 A B N A Enterprise Ajinomoto Amcol Asiatic Dev Avkno Bata Bolton Curren 13*% 6%0J 13% '0% 3% "0%TB •4% 3% Ex i* (Me Moy 3 Jun 3 Moy 12 Moy 31 Moy 19 Moy 27 Apr 8 NYA Books ctoee NYA Jun 17 Moy 27 Jun 101,306 words
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490 1988-05-23 16 MBT IT MAY NOT be noticeable yet but change sweeping through Sime Darby's Malaysian region is beginning to translate into healthier bottom-line figures and a newly imbued sense of optimism in its operating companies. Originally used as a nursery for fledging MalaysianMBT - 490 words
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Article461 1988-05-23 16 JULIANA TAY - Week ended May 20 compiled by JULIANA TAY SCRIP ISSUES M Banking: Bonus issue of one-for-ten. P M Hldgs: Offer to PMH shareholders of 12m shares in Tot lee Finance (TIF) at $2 per shore on the basis of 4 TIF shares for 5 PMH461 words
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Page 16 Advertisements
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Advertisement445 1988-05-23 16 @*:{"",]~_&`[/{&;%`.@@\)?-|(,{> IN THE MATTER OF THE COMPANIES ACT, CAP. 50 •I AND I IN THE MATTER OF MASTER CENTURY I- TAPES PTE LTD I (In Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING .NOTICE IS HEREBY •-GIVEN, pursuant to Sec*tion 308 of the Companies Act, Chapter 50, that the >*Final General445 words
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Advertisement329 1988-05-23 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF CHEMTRONIC TECHNOLOGIES SERVICES PTE LTD (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of CHEMTRONIC TECHNOLOGIES SERVICES PTE LTD duly held and convened at 36 Phillip Street #02-00, Singapore 0104329 words
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Advertisement390 1988-05-23 16 NOTICE OF RESOLUTION HARBOUR MARINE SERVICES (PRIVATE) LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of Harbour Marine Services (Private) Ltd duly convened and held at 38-B Hong Kong Street. Singapore 0105 on the 18th May 1988 the following resolution has been passed as a Special Resolution: "That the390 words
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Advertisement413 1988-05-23 16 THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF T K ONG (HOLDINGS) PRIVATE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50. that a Final Meeting of the Members of the413 words
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WORLD MARKETS
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Article717 1988-05-23 17 New York Reuter WALL STREET closed mixed on Friday as a weak bond market and the expiration of several futures and options contracts weighed on blue chips, traders said. However, the focus of attention was on a further erosion of volume, making Friday the slowest trading sessionReuter - 717 words
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Article908 1988-05-23 17 London Reuter LONDON SHARE PRICES in late trading were lifted to the higher end of Friday's narrow trading range by a mark-up on anticipated buying for the new account which begins today. But prices steadied after scant demand emerged, dealers said. The FTSE 100 Index closed upReuter - 908 words
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Article1045 1988-05-23 17 Amsterdam HAY FU ABN Aagon AhoM 37 50 74 70 70 80 107 20 01 -05 -05 04 Alranta AMEV Amro Bank Aaa Slad 151 50 48 80 82 80 120 00 unch 0 8 0 3 +1 Btrkmi 11 SO BOLS 120 SO Borsumij 80 SO Buaftrman Taffarod* 451,045 words
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Page 17 Advertisements
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Advertisement1402 1988-05-23 17 Standard ft Chartered Standard Chartered Finance Ltd (incorporated In the Republic of Singapore) Wholly owned subsidiary of Standard Chartered Bank BALANCE SHEET AS AT 31ST DECEMBER, 1987 SHARE CAPITAL STATUTORY RESERVE REVENUE RESERVE SHARE CAPITAL AND RESERVES LOAN PAYABLE CURRENT LIABILITIES Deposits from customers Deposits due to a related company1,402 words
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124 1988-05-23 18 Reuter TAIWAN'S Chief Prosecutor yesterday warned of harsh punishment for demonstrators who rampaged through Taipei last week burning cars and hurling rocks at riot police. Mr Liu Ching-Yi told a news conference in Taipei that the violence. in which almost 400 people were injured andReuter - 124 words
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357 1988-05-23 18 Bernama SEVERAL UMNO (Baru) leaders have expressed support for its Supreme Council's decision to recommend that Members of Parliament and assemblymen of the former Umno who oppose Umno (Baru) be expelled from the Barisan Nasional. Federal Territory Umno (Baru) information chief Senator Azman AttarBernama - 357 words
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Article64 1988-05-23 18 Reuter THE KHMER ROUGE has urged the world not to respond to Vietnam's appeals for urgent food aid as long as Hanoi's soldiers are in Cambodia. "Giving aid, be it food or humanitarian relief, to Hanoi's leaders now is tantamount to feeding Vietnam and enablingReuter - 64 words
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188 1988-05-23 18 Bernama THE MALAYSIAN ARMY plans to set up reserve units including a commando unit to support its regular regiments and will propose this to the Defence Ministry for approval, Chief of Defence Forces General Tan Sri Hashim Mohamed Ali said yesterday. He saidBernama - 188 words
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SATURDAY ROUNDUP
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97 1988-05-23 18 A GOVERNMENT-BACKED institution will be formed to grapple with problems hindering the socioeconomic progress of Malays. Dr Ahmad Mattar, Minister in Charge of Muslim Affairs, disclosed this at a Hari Raya gettogether at the Istana. The idea was first mooted by First Deputy Prime97 words
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Article82 1988-05-23 18 THE POWERS given to town coun- cillors to run their estates will be revealed when the Town Council Bill is tabled in Parliament on Wednesday. This was disclosed by Mr Lim Boon Heng, Member of Parliament for Kebun Baru, at the Ang Mo Kio82 words
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Article135 1988-05-23 18 THE NUMBER of elderly people, now totalling 200,000, will reach 330,000 by the year 2000, disclosed Dr Kwa Soon Bee, Permanent Secretary (Health) and Director of Medical Services. Speaking at the opening of the national seminar on population ageing in Singapore, he said the number of elderly135 words
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44 1988-05-23 18 MR TAN CHOK KIAN, chairman of the Stock Exchange of Singapore (SES), will succeed Mr William Cheng as Singapore s trade representative in Taipei in early June. Mr Tan, 57, will continue to be the SES chairman.44 words
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582 1988-05-23 18 WILLIAM CHIA - By WILLIAM CHIA DETAINED LAWYER Francis Seow has disclosed that an article published under his name in the Asian Wall Street Journal on May 10 was drafted by former president Devan Nair. Headlined "Singapore's Closing Society", the article came to be written following Seow's582 words
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285 1988-05-23 18 Reuter THE MAN LIKELY to be Mexico's next president, Carlos Salinas de Gortari, said he would suspend debt payments if it was needed to restore economic growth in the *****. Mr Salinas made the statement in an economic strategy that was unveiled in Monterrey lastReuter - 285 words
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Article, Illustration372 1988-05-23 18 RESPONDING to ministerial calls to speak out, about 200 Rochore residents yesterday expressed their outrage at foreign interference in Singapore's domestic affairs. They did so in a letter handed over to Mr Wong Kan Seng, Minister for Community Development and Second Minister for Foreign372 words
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Article187 1988-05-23 18 AP A WEST GERMAN court in Hamm has fined two organisers of a fishing contest 1,200 marks (US$7l4) each for cruelty to animals after ruling that fish feel pain when hooked and pulled from the water. The unusual decision grew out of a suitAP - 187 words
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LATE FILE
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70 1988-05-23 18 Reuter A SOVIET political scientist yesterday called for radical changes in the way the country was governed, proposing a transfer of power from the ruling communist party to freely elected parliamentary bodies. The party needed to divest itself of power accrued under successive SovietReuter - 70 words
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Article64 1988-05-23 18 AFP SOVIET ARMY Chief of Staff Marshall Serguei Ackromeev believes the Warsaw Pact has a superiority of "more than 20,000 tanks" over Nato according to an official Soviet document published in the latest edition of the West German Der Spiegel magazine. The document was handed toAFP - 64 words
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65 1988-05-23 18 Reuter ZAMBIAN President Kenneth Kaunda yesterday said that Africa needed a 20-year grace period to build its economy to be able to repay its US$2OO billion debt. He said in an interview that "if Africa's creditors insist that we pay now, we will notReuter - 65 words
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Article39 1988-05-23 18 Reuter PHILIPPINE President Corazon Aquino yesterday appealed in Manila to Western nations to push ahead with a multi-billion-dollar aid plan for her country and asked foreign creditors to lighten its debt repayment burden.Reuter - 39 words
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64 1988-05-23 18 AP CHINA'S largest oil field, for many years raised as the model for all industrial endeavours, is expected to run at a loes this year for the first time. The Chins Daily quoted an official at the Daqing oil field as saying the oil fieldAP - 64 words
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Article43 1988-05-23 18 Reuter SOUTH KOREAN riot police clashed with thousands of youths in Kwangju yesterday, firing teargas to prevent an-ti-government and anti-US rallies. The demonstrators, chanting and hurling rocks and petrol bombs, confronted police wearing gas masks and plastic helmets.Reuter - 43 words
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Article31 1988-05-23 18 Reuter EAST JERUSALEM schools, closed for the past four months, were reopened by Israeli authorities yesterday in an attempt to restore normal life to the city. ReuterReuter - 31 words
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Page 18 Advertisements
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Advertisement420 1988-05-23 18 Free dippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. The real cost of hiring local chief executive officers. 2. What is the response to Singapore Technology Corporation's overseas recruitment drive? 3. Why Standard Chartered seems wary of its420 words
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Advertisement264 1988-05-23 18 New York University Graduate School of Business Administration SINGAPORE INSTITUTE OF MANAGEMENT The Singapore Institute of Management, in conjunction with New York University Graduate School of Business Administration, invites applications for the Ist Intake of the Diploma in Marketing Management programme commencing August 30, 1988 ENROLMENT AND SELECTION CRITERIA Participants264 words
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SHIPPING TIMES
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471 1988-05-23 19 JUNE LIM - By JUNE LIM MITSUI OSK has become the second Japanese carrier to participate in the time slot scheme which the Port of Singapore Authority introduced this year. The scheme, first introduced in April for Nippon Yusen Kaisha, provides priority berthing for471 words
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291 1988-05-23 19 Nedlloyd/InternatioMueller to merge cargo activities Reuter NEDLLOYD Group said it planned to merge its Rotterdam cargo handling activities with those ot Dutch trading firm Inter-natio-Mueller. It said the two groups will each hold 44 per cent of the new venture, to be called Europe Combined Terminals BV, with the remainderReuter - 291 words
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PORTSIDES
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Article54 1988-05-23 19 Reuter NIPPON YUSEN KK will open a distribution centre in Bangkok, Thailand, a spokesman for the shipping company said. NYK (Thailand) Co Ltd. wholly owned by Nippon Yusen, will help run the centre, he said. The centre will be able to refrigerate agricultural products such asReuter - 54 words
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Article74 1988-05-23 19 Reuter THE Philippine tanker Dagli had a minor explosion in one of its cargo tanks on May 18 while at drydock in Gibraltar, Lloyds Shipping Intelligence service said. The explosion occurred while work was being carried out on deck on the 57,372 tonnes dw tanker. NoReuter - 74 words
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74 1988-05-23 19 Reuter THE Greek bulk carrier Common Venture and the Indian vessel Lok Vivek collided in the Gulf of Thailand. Lloyds Shipping Intelligence said. The collision occurred around 80km south of Bangkok. The 26,102 dwt Greek ship was reported to have a crack in itsReuter - 74 words
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Article197 1988-05-23 19 AFP AN US$BO million research ship used in an exploration of the wreck of the Titanic, seized after the US Customs Service found a miniscule amount of marijuana on board, will probably be returned to its owners, officials said. Following a routine inspection that turnedAFP - 197 words
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Article, Illustration149 1988-05-23 20 THE REGULARS gave the vote of approval to last Friday's Shipping Times celebration. John Tan of Ben Line led those who said "ay". He approved of the Marco Polo Tangiin Room it was simple yet spacious enough to pack in 200 guests, and the pianist149 words
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371 1988-05-23 20 Lloyd s List HONGKONG'S Orient Overseas (Holdings) Ltd ts expected to complete the sale of three UK insurance and offshore firms within the next month. After a series of protracted negotiations, broker FurnessHoulder (Insurance) Ltd. underwriter Scottish Lion Insurance CoLloyd s List - 371 words
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123 1988-05-23 20 THE PORT of Manila has mounted an operation to locate and transfer cargo which have overstayed to the Customs security warehouse. Manila port district collector Ricardo Ampil said the drive would involve all the divisions under the port operation service, the Philippine123 words
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416 1988-05-23 20 Reuter THE WORLD shipping market has been getting into better shape in the last 12 months and there are signs the long recession in the sector is coming to an end, according to Hongkong and Shanghai Banking Corp. In its monthly econom-Reuter - 416 words
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Article1008 1988-05-23 20 AB Shpg V 5 ABC Contomer IX 1 Accord SKpg VI 3 Ah'®ok.®i liner XI 3 Afr.co Oceon XN 2 Alltrons VN 3 AC Toepfer XI 5 Amercon Tpt N 45 Anro Service IV 23 Arrow lines IX 5 Auor* Octot XI 4 Assoc Corr.oge XI 51,008 words
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198 1988-05-23 21 PANAMA is stepping up attempts to put more Panamanian nationals on its own flag vessels. In a bid to create a national purpose in the maritime field and. importantly. to reinforce the association between ships flying its flag and the republic, Juan Carlos Dudley198 words
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162 1988-05-23 21 AP A PANAMANIAN-regis-tered tanker with 19 crew members on board ran aground on Saturday off the coast of Western Australia. an Australian Department of Transport spokesman said. The spokesman for the department's sea safety section said the 30,000ton Korean Star had run agroundAP - 162 words
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Article66 1988-05-23 21 Reuter CONSOLIDATED Freightways Inc said its CF Motor Freight subsidiary will raise its general freight rates by 3.6 per cent effective June 6. Consolidated said the move will partially offset wage increases in a new labour contract with the International Brotherhood of Teamsters,Reuter - 66 words
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10232 1988-05-23 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.10,232 words
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Article1297 1988-05-23 27 AT CONVENTIONAL WHARVES VmmI B«rth Arrival D«partur« KEPPEL WHARVES Coral Princess K3S alongside 24 05/1345 Doulos K36 alongside 2305/2330 Fengjin K79 alongside 2605/2300 Inobukwo KI7 alongside 2305/1500 Iron Will C09 alongside 2305/1500 Islamobod K3I alongside 24 05,0600 Ksor Ettir KI5 alongside 24 05/0700 Kyowa Orchid 1 <201,297 words
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Article2086 1988-05-23 28 A—B AB Shipping Bousteed Shpg Agencies ABC Containerhne NV S port Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Lines Seelion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toeple' Oceenus Shipping Agencies (S) Multiport Sdn Bhd (PK) Alltrans Alltrans Express American President Lino*2,086 words
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Article1199 1988-05-23 28 ALTHOUGH rumours circulated on Thursday on the London shipping freights market that lower rates were being paid on certain major routes, those bookings confirmed tended to be at steady levels compared with recent days. In the grain sector, for example, Krohn paid US$25 for 18,000 tons from the1,199 words
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Article1164 1988-05-23 30 THE FRED OLSEN Group is re- ported to have acquired a 135.000-ton tanker on resale from Daewoo in South Korea for about 1 US$34 million to US$35 million, brokers said. The deal could not be confirmed. Other tanker transactions said to be concluded last week included the VLCC Yukong1,164 words
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Page 19 Advertisements
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Advertisement817 1988-05-23 19 *°tvV TIMKS STP Distributors OOCL ORIENT OVEIQEAS CokLim* LINE NORTH AMERICA ATLANTIC EXPRESS (ROUND-THE WORLD ROUTING' WW/ Agents JARDINE SHIPPING AGENCIES (Reg No 2428 M/ OOK) 200 Cantonment Road #12 05 Southpomt. Singapore 0208 Tel *****11 TELEX NO RS 2*179 TERMINAL CfS Tel *****18 220 BOOKINGS Tel *****34 235 PCSAKA817 words
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Advertisement63 1988-05-23 19 mm HONGKONG'S Orient Overseas (Holdings) Ltd is expected to complete the sale of three UK insurance and offshore firms within the next month. Page II PANAMA is stepping up attempts to put more Panamanian nationals on its own flag vessels. Page 111 Index to advertisers II Ships in port IX63 words
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Advertisement889 1988-05-23 19 INTERM ARINE SUPPLY CO. (PIE) LTD. TEL *****33 (I UNES) TLX: MCCO R8 2031 FAX: *****7 MAERSK LINE MAERSK LINE SHORTENS THE JOURNEY 24 DAYS TO NEW YORK This week Anders M Closing Time CY 255 2300 HBS CFS 25 S 1300 MRS mwrz ANT ROT BR v HAM M889 words
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Page 20 Advertisements
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Advertisement460 1988-05-23 20 4§ Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTEROAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING 27/5 TYO »5 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE HAMBURG 13/7 Singapore *****00 Bookings *****08 CFS *****48 K. Lumpur *****25*460 words
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Advertisement92 1988-05-23 20 Lines and services represented by Shipping Agents, Singapore National Shipping Association. IS C SAV Compania Sud Americana de Vapores S.A. Chilean Line fit '872 EXPRESS SERVICE TO/FROM CHILE FEEDER VESSEL CSAV 1 CSAV i CSAV I SPORE M M 17« MOTHER VESSEL MX A VESSEL 14 f, CAR CARRIER B92 words
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Advertisement615 1988-05-23 20 LLOYD'S LIST Tbe International Daily Newspaper for Shipping, Insurance, Trade and Finance. V* t LLOYDJ3 LIST p# Enquiries call: Chnngi International Distribution Service* He. Ltd. Tel No: *****53 (6 lines) AmTransAMERICAN TRANSPORT LINES, INC U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO VESSEL TEXAS RAINBOW VI STAR MAGNATE V 1 EMEJOIEia l"iiWl615 words
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Page 21 Advertisements
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Advertisement1009 1988-05-23 21 The Straits Steamship Group ■iiyv Mansfield Container Shipping Pte Ltd y P&O Containers CONTAINERS!* SERVICE TO IK/CONTINENT: STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK OSAKA MT LIVERPOOL Mr LARGS Mr HONG KONG EXPRESS CARDIGAN Mr RHINE NARU TOKIO EXPRESS HAMBURG EXPRESS Spoca P1,009 words
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Advertisement707 1988-05-23 21 Save t «*ys 3 day* from Bangkok, Jakarta Manila Hong Kong Kaohsiung *2? 'Zm. "Vfite From Singapore :s I Mitsui O.S.K. Lines' Pacific Southwest (PSW) container route to Los Angeles is newer and faster than ever Bigger, too, as Singapore comes on line May 23, the first Direct Call service707 words
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Page 22 Advertisements
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Advertisement391 1988-05-23 22 mSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHDAT Singapore 1/6 30/5 Loading for BANDAR ABBAS BANDAR ABBAS JAPAN/KOREA SERVICE Singapore 30/5 Loading for:JAPAN. KOREA pl KYOWA LINE PNG/S. PACIFIC SERVICE Singapore Loading for: A VESSEL 15/6 LAE, PMB, RBL, HRA MICRONESIA SERVICE391 words
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Advertisement777 1988-05-23 22 &.LINE KM A c***o*A rut F FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ T Member ol the Ace Consortnm BU LA OAK SEA 4* 166 19/6 2/6 14/6 11/6 a/6 26/6 9/6 21/6 18/6 30/6 3/7 16/6 21/6 25/6 7/7 10/7 22/6 4/7 •FDR/MOTHER VESSEL SSB 6SE/KOREAN WONIS SUN 70C777 words
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Advertisement297 1988-05-23 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO KOBE: SAILING 30/5 EURO-AFRICA SERVICES FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS. TUNIS, VALLETTA. IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE A > MADANG NEW CALEDONIA FIJI ISLANDS NOUMEA 2/6 SUVA/LAUTOKA 2/6 AUSTRALIA/ NEW ZEALAND297 words
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Advertisement854 1988-05-23 22 M feca2 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) PROVIOCNCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ETC 2) ATLANTA CHICAGO DETROIT, COLUMBUS t OTHER MAJOR MtCROIRIDCE DESTINATIONS 1) CRISTOBAL. BALBOA PANAMA CITY. COLON LN CURACAO VIA KINGSTON 4) MONTREAL TORONTO VIA NEW854 words
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Page 23 Advertisements
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Advertisement730 1988-05-23 23 PACIFIC INTERNATIONAL LINES mW\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VOY SIN JKT SBY VOY SIN POO hkg kao kee mtc yok moo kob bus 11SB In PI 25/5 27/5 12MB 31/5 1/9 6/6 l/l 10/6 14/6 15/6 17/9 20/6 21SB 4/6730 words
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Advertisement271 1988-05-23 23 p NORBULK NORBULK CARGO SERVICES LTD. T REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: KOREA JAPAN PORTS NORBULK NBJO2 LOADING FOR TOKYOfINCHON "LOADS INDONESIA PORTS. SUBJECT TO CHANGE WITH/WITHOUT PRIOR NOTICE SPORE MARATHON UNITED AGENCY PTE LTD TEL 222M66 HI PK S P YEO SHPG TRDG HL271 words
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Advertisement474 1988-05-23 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Cjrtfi(an Biy ftltHW Haru To*io (iprttt EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Hooffconf Eiprni SaiM »hi«« Haru SaiM Saitari SSatM Sail* To* 10 Ciprtu SaiM SaiM Sail* I*s 71/5 nn an in in bum W M MM Oukj In 1M 1U 1H M474 words
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Advertisement396 1988-05-23 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI 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 3-6/6 10-13/6 25-21/6 RDAM/ADAM BREMEN Swbf«ct to InducamanL Also aocaptlng cargo to Casablanca, Port Satd, Port Alaxartdrla, Ganoa. Trtasts396 words
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Advertisement391 1988-05-23 23 MYOMArWA VUO PAGAN VI2I PA AN Vl2s* BURMA FIVE STAR SHIPPING CORPORATION f (Burmese National Line) Loading for Rangoon I; pore P.Kelang Penang Bangkok* l/S Jun 25 May/1 jpi BANK LINE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC MORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA VI3N SPORE RDAM HULL 14/7 10/7 1/8 28/7391 words
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Page 24 Advertisements
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Advertisement573 1988-05-23 24 KAWASAKI KISEN KAISHA, LTD. 'K'linb N. AMERICA-ATLANTIC COAST AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR N. AMERICA PACIFIC SOUTH-WEST EUROPE (Member of ACE) HONGKONG CONTIANER KOREAN JACEWON KOREAN JACEJIN QUEENSWAY BRIDGE SEVEN SEAS BRIDGE KOREAN CHANCE ACE CONCORD ORIENTAL CHIEF LE HAVRE F'STOWE R DAM LE HAVRE F STOWE573 words
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Advertisement248 1988-05-23 24 f .in! in!-: iiii-f 'rfi DONGNAMA UIUE S PORE P KELANG PtNANG INCHON BUSAN NAN HWA 30 May 31 May 10 J»n 12 J«" INSA VMM 5 Jun 6 Jun 16 Jun II Jun THEA S VBO2 10 Jun 11 Jun 12 Jun 22 Jun 24 Jun SINGAPORE GLORY VW6248 words
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Advertisement600 1988-05-23 24 'M INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* INDIAN COURIER V JON AGIOS ANDREAS V C I ORIENT SUCCESS V 1U SO NAGALANO V3W TICER BAY V 37 INDIAN COURIER V 31N ORIENT SUCCESS V 1» V NANDINI V 52H TICER BAY V 9 ARUNACHAL PRADESH V 43M INDIAN COURIER600 words
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Advertisement717 1988-05-23 24 GOLDEN LINE 1 GUM GUAN SHIPPING (PTE) LTD 21. Telot Ay«r Street SINGAPORE 0104 HI 5343J8 (10 LINES) F»i ***** M STRAITS/PERSIAN GULF SERVICE: GOIDCN BEAR Cotanbo K»r»chi Dubai GOLDEN HARVEST Colombo Karachi'Dubai CHINA SERVICE BAI YUN SHAN Xiamen Shanghai A VESSEL Huangpu Shanghai S'pore P Keiang Penang 21/29 May717 words
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Advertisement488 1988-05-23 24 VESSEL ETA SINGAPORE DESTINATION 27/5, 31/5 4/1. U DUBAI DAMMAN KUWAIT BOMBAY DOHA MUSCAT BAHRAIN. ABU DHABI t SHARJAM JEDDAH (LCI) CHITTACONC EAST AFRICA/MEDITERRANEAN SERVICE UK/EUROPE SERVICE LATTAKIA BENGHAZI ALCIER TRIPOLI. ALEXANDRIA PORT SAID. PIRAEUS. CASABLANCA LIMMASOL VALETTA ADEN DJIBOUTI SERVICE LDN. F STOWE. STON, LEEDS, TILBURY. ABERDEEN LE HARVE488 words
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Page 25 Advertisements
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Advertisement821 1988-05-23 25 NEPTUNE ORIENT LINES LTD S pore NEPTUNE AGENCIES PTE. LTD. Fl Qwwral Enquiries: Tal: 275M77 Tel No Terminal CFS BOOKINGS *****22 *****53 P NEPLINE SON BHD 36M17 K.Lumpur NEPLINE SON. BHD *****33 Penang NEPLINE SON. BHD ******271«*271U*n6t2 J Bahru NEPLINE SON BHD 23MM8/23M41 Fl EU/AUST TP A/St A t 27K753821 words
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Advertisement471 1988-05-23 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P KELANG, PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE WEFJUNE BUSAN SINGAPORE 10 DAYS SERVICE Vessel's Name ETD BS No 9 Don j m 804 N 04 IB No I Donam/MMN 11/05 No 6 Donam'BosN 16/05 "Clofii IOSN 19/05 No 9 Donam IOSN471 words
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Advertisement771 1988-05-23 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 ***** PENANG p KELANG RS ,a H y A JJ,H°£nA^r^T l C^e^^ S,, T e MS HANOLINC SYSTEM771 words
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Page 26 Advertisements
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Advertisement322 1988-05-23 26 SINGAPORE SHIPPING "MM CORPORATION (PTE.) LTD. TEL 225 6868 .30 L.nesi FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAO V E,B DE UTF R ACHT/SE EREEDEREI ROSTOCK WILHELM PIECK 3/M RUEBELAND *M "•Accepting cargo far Hoof Kong. Buun. Tokyo and Kate. REGULAR CONVENTIONAL SERVICE322 words
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Page 26 Miscellaneous
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Miscellaneous157 1988-05-23 26 n Regional Weather k v V JG 'v lN L i 1 Nfl I s» H I V V IOOE^^V !iIK Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May 23, 1988 LEGEND: R Thunderstorm Temperature °C Shower Weather Wind direction with speed in knots Rain m Wave157 words
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Page 27 Advertisements
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Advertisement610 1988-05-23 27 FARGO SHIPPING COMPANY(PTE)LTO No 15 Hoe Chiang Road #13-02 Sanford Building. Singapore 0208 .Tel *****22 Tlx ***** FASCO -.e ABC CONTAINERLINE N.V. TO AUSTRALIA/NEW ZEALAND Elian Hudif 201 Bruutl 203 iMwwpan 20* IP" 7 DAYS TO FREMANTLE Also accepting cargo to AUSTRALIA —Adelaide, Brisbane NEW ZEALAND —Wellington. Napier Christchurch TO610 words
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Advertisement269 1988-05-23 27 u\\\ ill \\CSPV CSP SHIPPING AGENCIES PTE. LTiJ. Tel *****66 (16 Lines) Fa* ***** 15 LCL FIXED TWICE WEEKLY CONSOL LCL FIXED CONSOLIDATION TO:CHINA, HONG KONG, BANGKOK, KEELUNG, KAOSHIUNG, KOBE, MANILA, BUSAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MELB V KARACHI, CHITTAGONG, LEGHORN, JAKARTA, NAGOYA, GOTHERBURG.269 words
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Advertisement631 1988-05-23 27 UN I PACIFIC TRANS TRADING AGENCY PTE. LTD. Ir Q IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT WEST BOUND SERVICE MV RORO AL ZAHRAA MV RORO BALQCES MV BABYLON ETA S PORE In Port In Port m LOADING FOR Hodeidih Jeddjh Aqrta Hodetdjh JedcUh Aqaba Hodexiah )«ddjh AQJIM JMROUGH631 words
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Page 28 Advertisements
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Advertisement623 1988-05-23 28 fine-liner shipping llJaj PTE LTD /f) Shfnton W ly 04 (1?C Mir.") Hou«.P S pore 070/ Til (8 lines) TIX RS 77M1 FLINER FAX ??<>!%% EUROPE SERVICE FAR EAST SERVICE h mmmmm ,is m 12* iJg aj» m* M MIDDLE EAST GULF SERVICE I S>o t I*l OUB SHJ AOt623 words
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Advertisement551 1988-05-23 28 ZIM FULL CONTAINER SERVICE jcceptmf FCL/LCI ur|OM to USA East i Net) Coast. Carribbean E<tt Canada HAITI Costa Rica El Salvador. Guatemala. Honduras. Venezuela Peru. Ecuador Colombia via Miami Trinidad Barbados Antifua St Lucia. Montserrat Guayana via Kingston I TiMTrm AUSTRALIA CONTAINER SERVICE ACCEPTIN6 CARGO TO ADELAIOE VIA MELBOURNE AND551 words
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Advertisement543 1988-05-23 28 Everett Lines ~W COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, 110* AND ALL OTHER E .ill«■!:# iim 1 CPV THROUGH BILL OF LADING TO FINAL DESTINATION. P«n»nf* P Kcljnf* Sirtfipore THOMASEVERETT In Pt/23 M* HUGHEVERETT tp Jun MANOLOEVERETT IS/1 Jufl 'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN543 words
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Page 29 Advertisements
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Advertisement256 1988-05-23 29 'jr. I INTER CONTINENTAL LINE General/Marketing Agents: SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO GROUP oI COMPANIES. Japan) Singapore: *****11 Tlx: R*****1 SEAAIR Fax: *****50 Warehouse at PSA Muttiatoray Complex *****06 Malaysia *****33 Tlx: MA***** Fax *****68 SMtsMfNiiiaa WEEKLY FROM Singapore Port Kelang Penang UK/EUROPE: FAR EAST Udtted256 words
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Advertisement368 1988-05-23 29 Consolidation Service NEW CALEDONIA TAHITI SIN 6/6, 1/6 NOUMEA 7/7 PAPEETE 15/7 MAURITIUS REUNION ISLAND SIN 29/6, 3/6 PORT LOUIS 13/6 REUNION 9/6 FRANCE SIN 2/6 MARSEILLE 18/6 LE HAVRE 2/7 TRANSTAINERS DELMAS-VIEUEUX WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight Ptl Ltd368 words
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Advertisement394 1988-05-23 29 k 1 TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST LCL/FCL SERVICE 6/6 119/6 1 26/6 1 28/6 1 22/6 Also at ceptiog cargo to KFfIUNG AOMSiuNf. CHINA Via HONG KONG P M: ANG fiIiSAN E MAI AYS'A BHUNf I PORTS f UROPf USA CANAfIA AUSTRA. I* UU:ku LUCKY SEAWAY394 words
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Advertisement614 1988-05-23 29 GLORY NAVIGATION GROUP LAII LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' SP PKL PN BLW KAON GLORY SELATAN VI H/5 21/5 GLORY SELATAN VIII V7l 21/5 5 GLORY SELATAN VIII V.77 SM 14/5 GLORY SCLATAN VII V 2C/5 2t/5 6 VESSELS OF LOG614 words
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Advertisement337 1988-05-23 29 PTC CONTAINER LINES FCL/LCL SERVICE f.C G-'OJP .'IK I*l C/CJ- CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL. S|N AFGHANISTAN 6/6 HAIRATAN/KABUL/TOURGHUNDI WORLD FREIGHT SERVICES LTD SW International NVOCC Container Liner 31/5 Weekly Service To and From U.K. (Accepting cargoes for all inland destinations in U.K. Generil Agents POH TIONG337 words
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Page 30 Advertisements
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Advertisement360 1988-05-23 30 Hai Sun Hup Co (Pte) Ltd rF L ?*****6 (20 Linrs) TLX RS 22D61 8. RS ***** t\ i \m i k\ < \k i\i \< ii i > STIUUTS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! S'pore P. Kelang ASIAN SCKI S£KI CLIPPER MATSUYAMA NAGOYA 107 69 58360 words
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Advertisement444 1988-05-23 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE For GuH: va. s»i uw»»f« Cowwcimg va. Miami, Mobile, NIHON VIS mm NUERNBIC ATI. New Orleans, N. DUMA viu it* STUTT6MT Exp Houston/Mexico n. Ninon via n/s yt ousstiooor exp. Cruz, Mexico City Also servant Halifax. Montreal. Toronto. Now Tort Baltimore Portsmouth444 words
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Advertisement122 1988-05-23 30 ULTIMATE FREIGHT SERVICES PTE LTD T«l *****11 Thr ***** F«» 224—2 LCL Acceptance Fremantle Closing 23/5 Noon I S I REGULAR TSR SERVICE TO KABUL/HAIRATON/ I TORG/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agent MNON"ASIA SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS *****122 words
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Advertisement828 1988-05-23 30 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 '04-*****2/4, *****3 (07-*****4 •07-*****3, *****5, *****0, *****1 *02-*****22 *****68 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER B BUTANG 447 B BUTANG 44» B BUTANG 451 I B BUTANG 453 DESTINATIONS AMSTERDAM. ANTWERP. BASLE BREMEN828 words
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