The Business Times, 2 June 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, JUNE 2, 1988 75 CENTS
    11 words
  • 283 1 AP Dow Jones higher THE US stock market advanced broadly yesterday morning, following through on Tuesday's strong rally. The Dow Jones Average rose 1.95 points to 2,033.07 at 1430 GMT, in the first hour of trading. Gainers outnumbered losers by more than 3 to 1 in the
    AP  -  283 words
  • 298 1 RUBBER PRICES tumbled 15 cents yesterday the first decline from the previous day's closing in a month. The fall came only after RSS One rubber hit a new high of $3.40 a kg in the morning. Thereafter, it skid in afternoon
    298 words
  • 368 1  -  By ALVIN TAY SINGAPORE'S Peat Marwick Management Consultants Pte Ltd has been appointed as a consultant to the central bank of Mauritius on the setting up of an offshore banking centre. A spokesman for the firm told BT that the contract was
    368 words
  • 175 1 MAJOR ASIAN stock markets closed higher yesterday, spurred by an overnight rally on Wall Street which saw the Dow Jones soaring almost 75 points. In Singapore, share prices continued to rise for the sixth straight day in active trading to breach the psychologically important 1,000-level. At
    175 words
  • 82 1 CITY DEVELOPMENTS announced yesterday that it was still negotiating with Premier Realty Pte Ltd for the proposed Riverwalk Galleria acquisition. In reply to a query from the Stock Exchange of Singapore, the property group said no agreement had been reached as there were legal
    82 words
  • 158 1 THE US dollar edged past the 125-yen level to hit a one-month high against the Japanese currency on the Tokyo foreign exchange market yesterday. Dealers said the US dollar was boxed within a tight trading range as the market keenly awaited the
    158 words
  • 420 1 AFP TAIWAN'S parliament has approved a record national budget of NT5561.57 billion for fiscal 1988 which includes a large cut in defence spending, a parliament official said yesterday. Defence spending was slashed by NT$5l9 million to NT5255.8 billion in the budget for the
    AFP  -  420 words
  • 151 1 KEPPEL CORPORATION will make a private placement of $120 million in bonds through merchant bank Morgan Grenfell (Asia) Ltd. The bonds would bear detachable warrants to subscribe tor new shares in the company, Keppel announced yesterday following press reports of a possible cash-raising exercise
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  • 728 1  -  PROPOSAL FOR COMMITTEE OF INTERNATIONAL LEGAL EXPERTS By MARTIN SOONG PRIME MINISTER Lee Kuan Yew yesterday said Singapore would retract its protest to Washington over the Hendrickson affair, and apologise, if a proposed committee of international legal experts finds that the US officials
    728 words
  • Page 1 Advertisements
    • 200 1 TIENGOURTJ? SICHUAN CUISINE ft# Kings Hotel Havelock Road Singapore 0316 Tel: 733 0011 Hew to get ahead without endingfup in deep waters, o If you're thinking of expanding vour business, GPF has the scheme to help you avoid the problems accompanying growth. Our Small Industries Finance Scheme (SIFS). A low
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    • 368 1 Full report, Pays 14 Regional marfcats, Paga 16 World marfcata, Paga 17 A plane for today THE BOEING 757 is finally coming into its own 10 years after it was first introduced to the airline industry. The plane is gaining recognition in the shortto medium-distance travel market as an appropriate
      368 words
    • 82 1 TOTAL TRANSPORTATION ;|j| te1:265-383J CROWN PACIFIC msmmi cj mzmwM On Page 3: We must diversify our sources, says PM Lee US mistakenly expects Singapore to be political model Americans are friends, PM reminds leaders 'Hendrtckson affair a useful test of younger leaders' BALLY of Switzerland .meets the challenge of today
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  • HOME NEWS
    • 440 2  -  Company offers match-making service to buyers and sellers By TIANG PEK YIN A COMPANY is offering a "match-making" service. Not for people, however, but for companies to pair their machinery requirements. Through its service, Soon Pte Ltd hopes to help buyers and sellers in the
      440 words
    • 208 2 SINGAPORE has come out tops at an international forum for its support to the air freight industry. For that, the Civil Aviation Authority of Singapore (CAAS) was awarded the honours in the "government agencies programmes" category of the 14th International Air
      208 words
    • 387 2  -  By ANNA TEO ONE AUSTRALIAN university has decided on a novel way to woo students from Singapore. It will hold a convocation in Singapore next month for its Singaporean graduates, the first time the event is being staged outside Australia. The top brass and senior faculty
      387 words
    • 233 2 BECTON DICKINSON, the United States giant in medical products, will start rolling out products from its factory in Tuas next month. This will be a trial run as the company, which announced its $90 million investment in Singapore last year, is still in the
      233 words
    • 398 2 BY YEAR-END. Singapore's small- and medium enterprises (SMEs) and their counterparts in countries as far away as Sweden could have closer links. About a dozen members of the Association of Small and Medium Enterprises (ASME) will visit Sweden. Finland and the Netherlands in August
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    • 194 2 A SEMINAR to update manufacturers. traders and government agencies on regulations and standards in overseas markets opens today in a move aimed at global standardisation. Mr Eugene Yap. senior parliamentary secretary (Trade and Industry), will officiate at the two-day 'Standards Information Systems' seminar.
      194 words
    • 252 2 SINGAPORE'S micromice are a sign of the growing might of local robotics technology, said Minister of State (Education) Dr Tay Eng Soon yesterday. The Republic has joined Japan, Korea and Taiwan as the only Asian nations to compete in international micromouse competitions, the minister
      252 words
    • 132 2 SINGAPORE will be taking part in the 75th session of the International Labour Conference to be held from June 1 to 22 in Geneva. The Singapore delegation will be lead by Mr Lee Yock Suan. Minister of Labour. The other delegates are Mr
      132 words
    • 370 3 AFTER YEARS of political experience the old guard leaders now take "a more philosophical, if cynical, view" of American actions which adversely affect Singapore. In Parliament yesterday Prime Minister Lee Kuan Yew said political pioneers such as himself, Senior Minister (Prime Minister's Office) S
      370 words
    • 372 3 HAVING pushed Singapore for copyright legislation so that it could become a model for Taiwan and South Korea, the US next expects the Republic to set the pace in political development for East Asia, said Mr Lee Kuan Yew. The US State Department's
      372 words
    • 257 3 THE HENDRICKSON affair has been a useful, if most unwelcome, test of the sec-ond-generation leadership and may well become a blessing in disguise, said two MPs yesterday. The world, and younger Singaporeans, now know how the younger leaders think and act. and
      257 words
    • 180 3 INTERNATIONAL welfare organisations should confine themselves to welfare matters and resist any temptation to get involved in the politics of a country, the Minister for Community Development and Second Minister for Foreign Affairs, Mr Wong Kan Seng, said yesterday. He was speaking at the opening
      180 words
    • 462 3  - We must diversify our sources Lee We must diversify our sources Lee .roswimiaro. Reports by MARTIN SOONG, ANNA TEO SINGAPORE must diversify its investment sources and trading partners, and not just so as to be less dependent on the US. its largest foreign investor. Prime Minister Lee Kuan Yew said
      462 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • ASIA-PACIFIC
    • 639 4 Trend seen as tying Indonesia further to Japan Reuter JAPAN has quietly stepped up aid to help Indonesia manage its mounting foreign debt, a move bankers and business leaders say will further tie South-east Asia's largest nation to Tokyo. Tokyo will almost double
      Reuter  -  639 words
    • 264 4 UPI THAI FOREIGN MINISTER Siddhi Savetsila has agreed to meet Vietnamese Foreign Minister Nguyen Co Thach to discuss a solution to the Cambodian conflict, a Thai Foreign Ministry spokesman said on Tuesday. Prime Minister Prem Tinsulanonda ordered the Foreign Ministry to summon
      UPI  -  264 words
    • 414 4 Reuter JAPAN'S vigorous economy is squeezing the labour market to its tightest in years and may lead to higher prices for goods and services, economists said. Unemployment in April, reported on Tuesday, stayed at 2.6 per cent for the second straight month.
      Reuter  -  414 words
    • 144 4 Reuter THE JAPANESE yen is overvalued on international currency markets and its strength is hurting the country's industry, a senior Japanese official said on Tuesday. "The yen is too high against the dollar at the moment." Yoshibumi Matsuda, a spokesman for Prime Minister Noboru Takeshita
      Reuter  -  144 words
    • 91 4 AFP JAPANESE government offices will close on the second and fourth Saturday of every month from January amid international criticism of excessive working hours of the Japanese, officials said on Tuesday. They said the government will submit related bills on the Saturday closure to an extraordinary Diet
      AFP  -  91 words
    • 153 4 AFP PRESIDENT Mohammad Zia Ul-Haq of Pakistan told diplomats on Tuesday that he would head a caretaker government to replace the one he dismissed on Sunday and would name the new team in one or two days General Zia told foreign
      AFP  -  153 words
    • 142 4 AP PAKISTAN'S Foreign Secretary Abdul Sattar arrived in New Delhi on Tuesday for two days of talks on improving IndoPakistani relations. Mr Sattar was the guest at an informal dinner given by his Indian counterpart, KPS Menon. Indian and Pakistani officials, speaking on
      AP  -  142 words
  • Page 4 Advertisements
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      237 words
    • 6 4 Fears of mounting tension. Page 11
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  • Page 4 Miscellaneous
    • 181 4 m SSS'Z Max/ Not* Mm (°C) 19/11 Fio* 16/10 Rain 30/17 Clear 34/28 Clear 32/26 Clear 31/26 Clear 26/14 Cloudy 26/18 Sunny 26/13 Clear 18/08 Cloudy 30/25 Clear 18/07 Showers 22/15 Rain 17/07 Cloudy 11/02 Cloudy 36/24 Clear 15/06 Cloudy 17/03 Fin. una* 33/16 Clear 21/11 Clear 32/20 Smoke 15/10
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  • REST OF THE WORLD
    • 278 5 AFP BRITAIN'S average growth rate over the next five years should remain at 2.7 per cent among the highest in the industrialised world, says David Kern, an economist at the National Westminster bank. Despite the slowdown forecast in Britain's growth
      AFP  -  278 words
    • 884 5 ARRIVALS Operator Service Local From number time SU SQ11 0040 IAX/NRT LUFT LH4514 0140 FRA/DXB tc ICS55 0655 MAA SU SQ411 0800 BOM MAS MH640 0820 KUL MAS MH651 0910 PEN MAS MH607 0920 KUL AC AC888 0925 YYZ/LHR/BOM SU SQ103 0950 KUL CPA CX710 1015 CGK
      884 words
    • 285 5 AFP THE US Supreme Court ruled on Tuesday that most brand-name discount goods are legally imported into the US The court gave the green light to a major part of a multi-billion-dollar business known as the "grey market" which enables customers to buy
      AFP  -  285 words
    • 259 5 Reuter EUROPEAN COMMUNITY development ministers agreed in Brussels on Tuesday to put more emphasis on urgent short-term help for Third World countries struggling to implement economic reforms. They said the Community. which in the past has concentrated mostly on long-term projects, should
      Reuter  -  259 words
    • 169 5 AP A BLANKET of Yellow Sea algae that killed hundreds of tonnes of fish along the coasts of Norway and Sweden is now threatening Danish fishing and tourism, say officials. "There has been a significant drop in fish exports since the explosive growth
      AP  -  169 words
    • 101 5 Reuter ITALY'S Alitalia state airline and Chicago-based United Airlines entered a partnership on Tuesday to give United's passengers more access to Europe and make Alitalia a leading competitor in a deregulated world aviation business. Their agreement, similar to one reached between United Airlines and British
      Reuter  -  101 words
    • 233 5 AFP FORMER Moscow Communist Party chief Boris Yeltsin denied Tuesday that he had called for the dismissal of Yegor Ligachev. top party ideologist and leader of the conservative group in the Kremlin. Mr Yeltsin, dismissed as party leader in November for criticising the slowness
      AFP  -  233 words
    • 514 5 Distortion from tax law changes suspected AP FOREIGN PURCHASES of US businesses fell 22 per cent to US$3O.5 billion last year, the first dip since 1983 in the rush by overseas investors to acquire American assets, the government has said. However, analysts said foreign investment
      AP  -  514 words
    • 446 5 AFP WEST GERMANY'S economic growth has been speeding up since the beginning of the year but experts and officials warn that this unexpected boon for the world economy may be short-lived. Official figures released yesterday showed that the West German gross national product
      AFP  -  446 words
    • 326 5 AP POLAND'S banned Solidarity trade union announced on Tuesday that it is boycotting nationwide elections on June 19 for local and provincial councils, saying it will not participate "in a show". "We will not take part," the union's national executive commission said in a
      AP  -  326 words
  • Page 5 Advertisements
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    • 5 5 Reactions to ruling, Page 9
      5 words
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  • MONEY AND EXCHANGES
    • 627 6 Reuter THE SIZE of Japan's commercial paper (CP) market, now just over six months old. has surged to a hefty 4.000 billion yen in outstanding issues despite forecasts that heavy taxes would kill it at birth. But brokers and bankers polled say the market
      Reuter  -  627 words
    • 212 6 Reuter MOST IMM currency futures posted moderate daily losses after eroding throughout Tuesday's session on ideas that the Fed could tighten money supply to stem inflationary pressure. After opening near daily highs, most nearby contracts slipped on long liquidation and fresh selling that broke support areas and hit sell-stops
      Reuter  -  212 words
    • 170 6 Gold futures on May 31 100 troy ounces USS per troy ounce Open High Low Same +1• Jim 453.50 456.20 453.60 455.00 4.20 Jut 458.50 458.50 458.40 457.30 3.70 Aug 459.00 461.00 458.70 459.80 3.80 Oct 466.00 466.30 463.80 464.80 3.80 Ok 469.00 471.00 469.00 469.90 3.70
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    • 36 6 OCBC Exchange Rate Index 1 20.73 The OCBC trade-weighted index for the Singapore dollar was up 0.03 per cent to 1 20.73 yesterday. The index is calculated against the currencies of Singapore's top 12 trading partners.
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    • 541 6 EURODOLLAR futures on the Singapore International Monetary Exchange opened higher yesterday than the previous close on technical short-covering and car-ry-over buying interests in spite of the increase in Commodity Research Bureau index September Eurodollar opened at the day s low of 91.71 and firmed to the high of 91.75
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    • 298 6 Asian market ASIAN DOLLAR deposit rates closed little changed yesterday at steady to higher opening levels in quiet trading. A high federal funds rate pushed up overnight by 3/16 point to 7-13/16 7-11/16 per cent. Weekfixed was steady at 7-11/16 7-9/16. Dealers said the market brushed aside the Fed's injection
      298 words
    • 53 6 IN THE MONTHLY quotation of Singapore government stocks which was published in BT yesterday, the indicative middle price (excluding accrued interest) for a taxfree registered stock raised in 1977 and maturing in September 1995/97 was wrongly given to us by MAS as 104 95 It should have
      53 words
    • 87 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****F 01.09.88 3.85 3.80 3.86 3.77 6 months BY*****T 24.11.88 3.86 3.81 3.74 3.74 1 year BY*****Z 23.3.89 3.86 3.81 3.83 3.82 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      87 words
    • 1055 6 CURRENCY FUTURES OPTIONS Wednesday, Jun 1 1988 DEUTSCHE MARK (SIMEX) Jun M celts Jun M puis High Low Sett High Lew M 54 55 56 57 58 59 60 61 62 63 85A 9A 105 18 CAB CAB CAB CAB CAB 27 11 SB 215B 15A CAB CAB CAB
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    • 184 6 Indicates the average of the prime lending rates of 12 mafor hanks In S'pore Interbank market rates (offer/bid) on June 1 us$ DM SWFC Y*n 7 doy« 7 9/1* 7/16 7 1/4 1 1 1/4 1 3 2 7/% 4-17/1 1 mth 7 J/t l/J 7 l/J
      184 words
    • 54 6 OVERNIGHT money rose point to close at 4 per cent yesterday. The term rates rose by 1/16 point across the board. S$ Interbank rates at 12 noon yester day: Offft RID 4 3 7/8 1 -monfti 4 3 7/i 2-month 4 1/16 3 15/16 3-month 4 l/S 4
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  • BANKING AND FINANCE
    • 1349 7 SINGAPORE: The US dollar closed lower yesterday after a comment by Bank of Japan governor Satoshi Sumita that it was difficult to expect it to keep rising Dealers said operators were reluctant to be bullish on the US unit ahead of American May unemployment data due tomorrow. KUALA
      1,349 words
    • 178 7 Reuter THE BRITISH Export Credit Guarantee Department (ECGD) has announced it will support or guarantee fixed rate financing for UK exports in 12 new currencies. The additional currencies include Swiss francs, Canadian. Australian and Hongkong dollars. guilders, lire and Ecus The government agency
      Reuter  -  178 words
    • 99 7 Reuter THE NET PROFITS of 55 foreign bank branches operating in South Korea totalled 106.8 billion won last year, up from 79.9 billion by 54 branches in 1986, Bank of Korea officials have said. Citibank NA made the biggest profit last year with 16.8
      Reuter  -  99 words
    • 510 7 Reuter BRAZIL has concluded negotiations with the International Monetary Fund (IMF) on a stand-by loan of up to US$l.6 billion. Finance Minister Mailson Nobrega said on Tuesday. He said the IMF should approve an accord with Brazil at the end of July or beginning of
      Reuter  -  510 words
    • 479 7 Bernama MALAYSIA'S National Union of Bank Employees (Nube) is likely to reject the 2.4 per cent pay increase proposed by banks, its general secretary has said. Mr K Sanmugam said on Tuesday that the feedback received so far from less than half of the
      Bernama  -  479 words
  • Page 7 Advertisements
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  • COMMODITIES
    • 400 8 Reuter SILVER PRICES should hold fairly steady over the next few months before breaking through US$7 an ounce by the end of the year, broker Shearson Lehman Hutton says in its annual review of the world silver industry released in London on
      Reuter  -  400 words
    • 334 8 Reuter THREE FOREIGN oil companies are bidding for a 1.2 per cent stake in Norway's huge Troll oil and gas field, held by Mobil Development Norway A/S, but the dispute may have to be decided in court, some of the companies
      Reuter  -  334 words
    • 179 8 Reuter BONN HAS AGREED to pay almost 100 million Danish crowns in compensation after a West German submarine crashed into a Norwegian North Sea oil platform in March. Ove Lunde, spokesman for Norsk Hydro A/S, which operates the Oseberg field
      Reuter  -  179 words
    • 175 8 AFP PRESIDENT JOSE Sarney announced on Tuesday that Brazil's state-owned oil corporation, Petrobras, had discovered a massive oil field near Marajo Island in the Amazon River delta. Petrobras officials estimated the field had reserves of more than 20 billion barrels, roughly the
      AFP  -  175 words
    • 278 8 Reuter TEXAS OIL billionaire Nelson Bunker Hunt defended himself and two brothers on Tuesday against charges they conspired to manipulate and corner the world silver market in 1979-80 The Hunt brothers and several other defendants were sued in 1981 for US$l5O
      Reuter  -  278 words
    • 336 8 HONGKONG: The metal closed higher yesterday in active trading on light short-covering by local. Australian and Japanese investors. Dealers noted foreign buying of platinum and silver at an early stage. However, the rally stalled following late profit-taking by European investors who were bearish since gold failed to recover
      336 words
    • 301 8 London Commodity Exchange Buyer/Seller dosing prices on May 31 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-ifore London, sellers option CIF London May deleted (1040/1042) High/Low 1068/1050 Jul 1072/1075 (1058/1059) High/Low 1077/1068 Sales (2415) Cocoa May deleted (905/911) High/Low 923/908 M 936/937 (923/925) High/Low 938/922
      301 words
    • 139 8 SOYBEAN FUTURES on the Chicago Board of Trade on Tuesday closed up the 30US cent a bushel daily trading limit and at new contract highs set across the board earlier. Trading was halted after prices hit the limit and about five million bushels of unfilled bids were left in
      139 words
    • 134 8 WHEAT FUTURES on the Chicago Board of Trade closed on a firm note on Tuesday with prices up 15% to 914 US cents a bushel. Spot July settled 12 cents higher at UStt.SIVi. Traders noted light prof-it-taking in spot July. New contract highs were made late in December and
      134 words
    • 169 8 SINGAPORE The market closed sharply lower yesterday with July One RSS buyers price quoted at 305.00 cents a kg, down 15 cents from Tuesday's close Prices were marked 10 cents higher at the outset on some speculative buying following further gains in Tokyo. Thereafter prices fluctuated uncertainly with most
      169 words
    • 105 8 THE CRUDE market was quiet yesterday but the tone seemed weaker. On the products side, naphtha eased slightly in Singapore amid uncertainty over price direction but all other products were listless. Closing prices for crude (FOB origin) USS/borr«4 Otango Toph (Jim) 17.30 0.10 Mmo» (Juno) 16.66 und<
      105 words
    • 14 8 a KL TIN Closing prices on June (M$/kg) Im. Price Closed 1 Turnover (tonnes)
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    • 199 8 RAS SSR RAS prices in S cmKAs, FOB in balm NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 325.00 345.00N 300.00 320.00N Int 1 RSS Juty 88 330.00 350.00N 305.00 325.00 Int 1 RSS August 335.00 355.00 310.00 330.00 Int 2 RSS OP 325.00 329.00N 300.00 304.00N Int
      199 words
    • 55 8 ROTTERDAM Closing prices on May 31 Palm oil crude Sumatra/M'sia sellers option (US4/tonne) June/Sep 445slr Oet/Dec 450slr Patm oil R&D FOt (M$/toooe) Jul/Sep 432.5sir (unq) Otem R&D FOB (MS/tonne) July/Dec 445sir Stearin RIO Porom M'tio Cf Rotterdam |M$/tonne) June 445* July 440* Palm kernel oil OF |M(/tome) May/Jun
      55 words
    • 208 8 Chinese Produce Exchange Sellers' noon doting prices on June 1 (SS/100 kg) Coconut oil ftutk FOB 109.00 Oid drum FOB 119.00 New drum FOB 123.00 Copra Mixed (loose) 63 Pepper Murrtok whit* FOB NLW 1112.50 Sarawak whit* FOB foq NIW 1097.50 Sarawak special block FOB NIW 642.50 Sarawak
      208 words
  • Page 8 Advertisements
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    • 79 8 Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16++ per set, they are easy to
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  • FOCUS
    • 1115 9  -  In a people-reliant industry like retailing, mergers and acquisitions have wide repercussions on staff size and recruitment. ISADORE BARMASH looks at the retail scene in the US. ISADORE BARMASH NYT AS THE WAVE of retailing mergers in the US begins to subside, its
      NYT  -  1,115 words
    • 709 9 Reactions to US Supreme Court's ruling to allow grey-market imports NYT BOTH discounters and other retailers said that the US Supreme Court s decision on Tuesday to continue to allow many grey-market imports would encourage such imports and tend to stabilise prices of many goods. Non-discount
      NYT  -  709 words
  • Page 9 Advertisements
    • 183 9 Guess who just jumped ship and landed in a House of Blossoms? The Chinese Chef Joe Tang, fresh off the passenger liner, Queen Elizabeth 2. As an introductory special offer for lunch, we are going to give you an opportunity to discover the new lunch menu which has delectable Cantonese
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    • 166 9 If you are not in the league that allows you to sponsor animals at the Zoo, perhaps it's because you are not a regular BT reader. Successful executives know the value of keeping abreast of what is happening in the complex world of business. That's why they subscribe to Business
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  • Page 9 Miscellaneous

  • PERSPECTIVE
    • 514 10 TRY AS YOU MIGHT, this is something you won't be able to avoid for the rest of the month. You will step on it; be deafened by it; have your shopping disrupted by it; see your neighbourhood carpark overrun by it and, hopefully, by the
      514 words
    • 1071 10  -  The Boeing 757, a mid-size, twin-engine craft, is filling the airlines' growing need for larger, quieter and more fuel-efficient airplanes. LAWRENCE FISHER looks at why the 757 is considered by the industry as the airplane of the future. LAWRENCE FISHER NYT TEN YEARS after its introduction,
      NYT  -  1,071 words
    • 591 10 NYT TO TRAIN an air force or navy fighter pilot to the point where he is fully ready for combat in his high-powered airplane takes more than five years and, depending on the aircraft, an investment of US$5 3 million to US$7.5 million. But today,
      NYT  -  591 words
    • 626 11  -  The Soviet troop withdrawal from Afghanistan may herald a new period of tension in the Indian subcontinent. HUGH PAIN examines the issue. HUGH PAIN Reuter "THE CONFLICTING Indian and Pakistani positions on Afghanistan will make the next few months particularly
      Reuter  -  626 words
    • 1172 11  -  The Japanese venture capital industry has gone through a tough patch and picked up some painful lessons in the process. There is now a basic shift in its approach towards potential targets. PATRICK SMITH reports PATRICK SMITH IHT WHEN THE
      IHT  -  1,172 words
  • Page 10 Advertisements
    • 181 10 =*PII I igrrlf =r=\ =1 =1 s Ira hM Wll lIIPJRfc 3 i j( ragus The most prized of the world's vegetables, loved for Its suave flavour, delectable, fresh greenness and vitaminenriched content. The very best of asparagus are from California. And you'll find them at the elegant Manhattan Grill
      181 words
  • Page 10 Miscellaneous
    • 323 10 mmsma 1 12 13 23 24 25 CRYPTIC PUZZLE ACROSS 1 He might be calmer (6) 7 Handy means of showing approval (8) 8 A chance to show patience (4) 10 Change in circuitry? (6) 11 A striking dairy product? (6) 14 Treatment charge tor cut feet? (3) 16 Trifled
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    • 305 10 14 Expert (3) 16 Unpleasant (5) 17 Engrossed (4) 19 Lustre (5) 21 Challenged (5) 22 Honey badger (5) 23 Ripped (4) 26 Fairies (5) 28 Intend (3) 29 On fire (6) 30 Warning devices (6) 31 Scheme (4) 32 Three-sided figure (8) 33 Considered (6) 1 Feel pain (6)
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    • 19 10 BllStcW:RankJ)ickenS JOties VOL) HPMKG TROU&LC uJITVt "ME- Neu) G'CL on Tne Sui^MfioPo^-p Ox. snoui me HOui <Jo&e.r Pi UNe
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  • Page 11 Advertisements
    • 88 11 Redland 1988 KEY RESULTS ft Profit up 42% ft Earnings per share up 20% ft Final dividend up 25% ft A strong start to the new year Profit Before Taxation million (Unaudited) 24% Compound Annual Growth Earnings Per Share Pence 20% Compound Annual Growth Dividends Per Share Pence 15% Compound
      88 words
  • Page 11 Miscellaneous
    • 1206 11 W3 aca© oaaaa PM Opening and Programme Highlights followed by Lingo. The Wrong Note. Behavioural scientists come together with engineers and pilots involved in accident research to study the "human factor" in aviation accidents. Musical Interlude. Excerpt from "Classical Music Concerts". Ever Decreasing Circles. Bookvisions Wuthering Heights. Catherine dies giving
      1,206 words

  • SPORTS & LEISURE
    • 277 12 AP FORMER HEAVYWEIGHT champion Leon Spinks will not find it easy fighting in Connecticut again, or maybe anywhere else. Spinks was knocked out 33 seconds into his fight with Canadian Tony Morrison on Monday night, which had the immediate effect of
      AP  -  277 words
    • 456 12 AP KEVIN McHALE said before Game 4 of the Eastern Conference finals that the Boston Celtics could not win with 94 points and 44 per cent shooting. On Monday, the Celtics shot 40 per cent and beat the Detroit Pistons 79-78 to
      AP  -  456 words
    • 377 13  -  By CHARLES SAVAGE SINGAPORE amateur golfers expect to repeat their good performance last year and finish fifth at the regional Putra Cup, to be played in Papua New Guinea Gerald Loong, Singapore Golf Association secretary, however, was less sanguine about the local
      377 words
    • 250 13 AFP DEREK PRINGLE. England s rejuvenated all-rounder, warmed up (or today's first Test against the West Indies by bowling Essex to a crushing victory over Surrey in the English County Championship on Tuesday. His confidence boosted by some impressive Texaco Trophy displays, he returned
      AFP  -  250 words
    • 579 13 AP IVAN LENDL. matching cool precision to John McEnroe's display of fiery brilliance. won their rain-delayed fourth round French Open match 6-7. 7-6. 6-4, 6-4 on Wednesday Lendl. the defending champion and top seed, advances to the quarter-finals where he will meet
      AP  -  579 words
    • 710 13  -  Iranklij, speakinq... By DAVID CHEW MAGNIFICENT MALAYSIA! Considering their position as underdogs, it was certainly the upset of the 1988 Thomas Cup challenge round when the Sidek brothers and company edged out favourites Indonesia 3-2 in the semi-finals on Tuesday night. They will meet defending champions China
      710 words
  • Page 12 Advertisements
    • 204 12 COURyOISIERXO -WHERE K) lAT.I MM The Szechuan Experience with the Meisan Difference V. Savour the tinest S:echuan cuisine; aromatic, spicy gourmet creations in an exciting Mend of tlawwrs. And discover the exquisite art ot true enjoyment. -J fImEISAN At the Meisan. szkhuan bestauhawt lhnmctm*h Sjr^u*m (nMimiwfi VViwn Royal Singapore 25
      204 words
    • 163 12 Fashion show. 45*2 Fashion show! Fashion show" *9ht^ Hotgrllls ."nd salads? BARBEQUE 'N' FASHION SHOW a double pleasure, by the POOLSIDE. food served 7pm 10pm showtime 8.15pm, every Thursday and Friday. Select from a variety of: salads and dressing, vegetables, meat, seafood and desserts. Not forgetting choice of coffee or
      163 words
    • 182 12 FASHIONABLY HYATT Join the fashion- conscious every Thursday (3.00-6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.50 fyrsnn ,us Service Charge
      182 words
    • 204 12 An inviting Cantonese feast. Hfl if m SXI immiiiin r. i Or. St I $9.00-1-4- li Cafe Plaza J* ■s -S!4I1 V 2 9 r. Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daily, tor every drink you order you get
      204 words
    • 152 12 ol Feast fit for the Queen Tuck into the best of British cooking fron June 1 to 30. With Melton Mowbray pie, Fish 'n chips, Prawns in Whisky, Stewed rabbit casserole, North sea cod fillet, Beef Wellington, English trifle and Oxford lardy cake. Over 60 British favourites for just uhn,.,
      152 words

  • Page 13 Advertisements
    • 301 13 lENYEIOTAIIN Your Favourite Melody Melody, the popular Filipino trio, is back performing in the Fountain Lounge. Meet Dolly Barretto, lead singer, who creates a dynamic impression with her vibrant stage presence and remarkable voice. Brothers Bert Neri, on piano and Lino, on guitar, add the beat and harmony to a
      301 words
    • 264 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF NLA IN GOWSEK. PALM w For between $26+ and $40+ you can select from our appetiser UinILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish
      264 words
    • 10 13 o o c o C/5 m +0 «assfe^ pp^* 22
      10 words
    • 18 13 I Where recofxb wfllbe brokehcome Septembec THE SEOLX OLYMPICS AND THE 6TH TIMES INTER-BUSINESS HOUSE ATHLETICS MEET 1988
      18 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4921 14 SHARE PRICES gained further ground yesterday with buying from local investors and overseas institutions pushing the Straits Times Industrial Index above the psychologically important 1,000-level yesterday. In a day of heavy trading, the STI Index gained 7.15 points to 1,006.44 while the broaderbased BT Composite
      4,921 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 668 15  -  LI KA-SHING, SUNTEC INVESTMENT TO BID FOR CONVENTION CENTRE PROJECT By LEE HAN SHIH "THE RICHEST MAN in Hongkong" will invest up to $320 million in Singapore's property market if a tender due to close in August is judged in his favour. Mr
      668 words
    • 363 15  -  By LISA LEE SINGAPORE Press Holdings' wholly-owned subsidiary. Singapore Newspaper Services Re Ltd (SNS). will take part in an estimated C 5325 million (Sss3o million) development of a newsprint mill on Vancouver Island in Canada. SNS's Canadian subsidiary Singapore
      363 words
    • 89 15 TOWN AND CITY Properties has been asked by the SES why the group reported a profit of $21.78 million for the second half of last year when its full-year turnover was nil. The hotel and property group had chalked up an attributable
      89 words
    • 194 15 JURONG SHIPYARD Ltd is confident that 1988 will be a profitable year, as the boom in the shiprepair sector is expected to continue into the first half year. However, said the group in its latest annual report, the uncertainty in the world
      194 words
    • 311 15 HOTEL PROPERTIES LTD showed its confidence in the local property market, investing a total of about $65 million in freehold residential land last year. In its latest annual report yesterday. Hotel Props chairman Peter Fu said one of the three pieces
      311 words
    • 284 15 OVERSEAS UNION Enterprise Ltd and United Overseas Land will no longer be joint-venture partners in the 640-room Marina Mandarin Hotel following a capi-tal-restructuring exercise. Both companies originally held their interest in the hotel through Hotel Investment (Marina) Pte Ltd (HIM), a 50-50 joint venture
      284 words
  • Page 15 Advertisements
    • 379 15 Think of it. Everytime you take a look at your new home. Or plan for a special vacation with our personal loan. Or watch your portfolio grow with the help of our investment management services. Youll know you've made the right choice for your family's comfort and your success when
      379 words

  • REGIONAL MARKETS
    • 484 16 HKs6sm investment marks emerging trend FT CHINA'S leading provincial telecommunications authority is to buy 10 million shares in Cable and Wireless's Hongkong telecommunications subsidiary the first investment in a publicly-listed company by any Beijing-controlled utility. The investment, costing about HK$65 million (US$B.3
      FT  -  484 words
    • 4494 16 SECTION ONE INDUSTRIAL ft COMMERCIAL Acmo 1099 6 I 00 S) 12) 1 00 (3) 099 16) I 00 CD Alcorn 065 Si Amol Steel 50< 1202 SI (45) 205 (22) 209 (43) 207 (38) 206 09) 210 (32) 206 (331 204 127) 205 12)
      4,494 words
    • 289 16 Managers' price* for June 7 UOB Management 088 103 Singapore Unit Trust Umtund U«>bond uno 1 005 The Commerce 095 101 The So» "gs fund Spore Prog fund OM 040 ow 0 44 MARA-Bumiputra 613 Spore S«C fund 066 071 f"»' B'putro 608 S pore Invest fund 069
      289 words
    • 127 16 AFP JAPAN AIR LINES (JAL). the country's largest airline completely privatised since Nov 31, said on Monday that its pre-tax profits skyrocketed 787.6 per cent to 32.42 billion yen. The profit soared during fiscal 1967 due to brisk domestic and international passenger traffic. JAL
      AFP  -  127 words
    • 1490 16 Hongkong HONGKONG share prices closed higher yesterday but off the morning peak with investors still nervous over Wall Street s volatility, brokers said. The Hang Seng Index rose 19.56 points to 2,516.24, after a 44-point gain in the morning. The broader-based Hong Kong Index was 13.42 points
      1,490 words
    • 132 16 JUNE 01 WON Kal ***** *100 Kangwon Ind Kia Motor ***** -100 Cheil Sugar ***** 300 ***** unch Oaelim Ind Daewoo Corp Daewoo Heavy Daishm Securities Dong Ah Phar Dong Suh Stock Dongbu Steel Gold Star Hand Bank Hanil Cement Hankuk Glass Hanyang Chemical ***** ***** ***** ***** *****
      132 words
    • 518 16 Reuter TOKYO share prices closed sharply higher yesterday in the heaviest trade this year due to enthusiastic buying spurred by Wall Street's surprising jump overnight. "It was only a one-day rise and inflation fears will continue in the US," said a broker. "But the fact that Wall Street was
      Reuter  -  518 words
    • 464 16 Reuter THE Australian share market closed sharply higher yesterday but profit-taking in afternoon trade prompted a retreat from its earlier highs, brokers said. "The market was almost ready to explode in the morning, but it lost its impetus in the afternoon," one local dealer said. "Most of the profit-tak-ing
      Reuter  -  464 words
    • 166 16 Reuter THE SECURITIES Exchange of Thailand Index rose 3.73 to 428.66 on a turnover of 5,686,195 shares worth 521.59 million baht. Reuter JUNC ®1 BAMT Ao Kham Thai 326 26 Ayudhya Investment 400 uncfi Bangkok Agro-lnd 133 1 Bangkok Bank 342 2 Bank Of Ayudhya 342 *2 Charoong Thai
      Reuter  -  166 words
    • 276 16 47 90 1J JUNE 01 All Sincere Indus Asia Cement NT S 5 25 88 00 0 15 2 5 Kuochan Oav Lea Chang Yuan Cham Indus Lien Hwa Indus Nan Ya Plas 60 00 64 SO 72 00 81 00 15 1.5 2 2 Chang Hwi Bank Chang
      276 words
    • 88 16 JUNE 01 Acoja Mining Anglo Ptiil pesos 0011 0 038 unch ♦0 003 Marstaal Ofiantal B Phil Overseas Ptulax B 0 042 0 034 040 0002 *0 001 *001 Atlas Con 8 22 75 -2 25 PLOT 175 185 1 •1-5 Basic Patrol aum Banguat Con B Firat PT*ii
      88 words
  • Page 16 Advertisements
    • 434 16 K ■foppd Corporation Limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting be convened and held at the Company's registered office, Keppel Corporation Limited, Administrative Building, 325Te10k Blangah Road, Singapore 0409, on Wednesday, 15th June 1988 at 10.00
      434 words

  • WORLD MARKETS
    • 1076 17 New York Reuter ABATING inflation worries, a strong dollar and hopes that interest rates would not head higher in the immediate future sent stock prices soaring on Tuesday in a surprise post-Memorial Day holiday rally, giving the Dow its biggest advance in nearly
      Reuter  -  1,076 words
    • 1034 17 London Reuter UK EQUITY PRICES were marked sharply higher yesterday from the outset with the surprise rally on Wall Street on Tuesday putting 15.2 points on the FTSE 100 Share Index for an opening of 1,799.6. On Tuesday, the FTSE 100 Index was up 0.7 at
      Reuter  -  1,034 words
    • 1051 17 Selected indices HONGKONG Hongkong Index Wednesday 1.664 60 Tuesday 1.661 18 Week ogo 1.671 45 Hang Seng Index Wednesday 2.516 24 Tuesday 2,496 68 Week ogo 2.528 00 All Industrials Wednesdoy 2.528 5 Tuesday 2,5135 Week ogo 2.3708 NEW YORK Dow Jones Tuesday 2.031 12 Monday Closed Week ogo 1.*****
      1,051 words
    • 178 17 FT CAMPBELL SOUP of the US has taken over the British frozen foods group Freshbake Foods in an agreed cash bid valuing the target company at about £109 million. The link between one of the world's biggest food processors and the third
      FT  -  178 words
    • 593 17 NYT AFTER MONTHS of fighting off a takeover bid from Beazer PLC. the Koppers Corp, a US construction materials company, has reached an understanding with it for a merger under which Beazer would pay US$6l a share for Koppers, up from a bid
      NYT  -  593 words
    • 272 17 Reuter MACMILLAN Inc. the latest big US publisher to become a takeover target, split itself into two companies on Tuesday and announced a US$l.36 billion payout to shareholders to blunt a buyout offer from the Bass group of Texas. New York-based Macmillan
      Reuter  -  272 words
    • 240 17 NYT LAST YEAR, top executives of Chrysler and Allied-Sig-nal seriously considered a US$4O billion hostile takeover of General Motors. The discussions took place while GM was reeling from a sharp loss of the market share and the turmoil surrounding the ouster of
      NYT  -  240 words
    • 109 17 NYT EVEN after being hit with huge losses in last October's stock market crash, the traders appointed by the New York Stock Exchange to monitor and smoothen the flow of trading in individual stocks had their most profitable year ever in
      NYT  -  109 words
    • 136 17 AFP THE French engineering group Schneider SA announced a new bid for the industrial automation company Telemecanique Electrique SA on Tuesday Schneider outbid its rival Framatome SA with an offer of 5,000 francs (US$B6O) a share, payable in cash now, or 5,500 francs (US$95O) in
      AFP  -  136 words
    • 103 17 Reuter FIRE PROTECTION and security group Wormald International Ltd has terminated an agreement to sell its 49.9 per cent stake in Wormald International NZ Ltd to Hongkong's Allied Overseas Investments Ltd. Information provided to shareholders on the sale ts no longer
      Reuter  -  103 words
  • Page 17 Advertisements
    • 1104 17 |\`;~\*@+[<@}+<={'=->>!!&($!:&; IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290<2Mb) AND IN THE MATTER OF BIZICOMP PTE LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road *12-01 12-11 Golden Mile Tower, Singapore 0719 on Wednesday 1
      1,104 words

  • 317 18  -  Amendments proposed to Registration of Deeds Act By BOEY KIT YIN A PROPOSED law, tabled in Parliament yesterday, will give buyers and mortgagees of building units still being constructed better protection when they lodge caveats to look after their interests. Under the proposed Registration
    317 words
  • 160 18 THE TEAM MPs Act to ensure multi-racial representation in Parliament went into effect yesterday. Prime Minister Lee Kuan Yew notified the effective date of the Parliamentary Elections (Amendment) Act 1988 in yesterday s government gazette. The notification was entitled "The Parliamentary Elections (Commencement)
    160 words
  • 124 18 Bernama ES RETAIL PRICES of Malaysia's premium and regular petrol, diesel and liquified petroleum gas (LPG) has been raised, with effect from yesterday. The Malaysian Trade and Industry Ministry said on Tuesday the price of premium and regular petrol will go up by two Malaysian
    Bernama ES  -  124 words
  • 378 18 AFP COOPERATION between China and Britain on working out Hongkong's future has been satisfactory, according to a senior Chinese official. "Cooperation between the Chinese and British sides in implementing the Sino-British Joint Declaration has been satisfactory," said Ji Pengfei, the director of the Chinese
    AFP  -  378 words
  • 166 18 Bernama-TNA THE THAI Cabinet has approved a proposal to reduce the import tax on steel bars and billets by 5 per cent and 10 per cent respectively, said government spokesman Meechai Veeravaidhaya. He said on Tuesday that the proposal, submitted by the
    Bernama-TNA  -  166 words
  • 498 18 UPI PRESIDENT Reagan and Soviet leader Mikhail Gorbachev exchanged documents yesterday formally ordering the scrapping of all ground-launched intermediate range nuclear missiles. It was precisely 12.20 pm in Moscow and 4.20 am in Washington or 8.20 am GMT when the Intermediate Nuclear
    UPI  -  498 words
  • 261 18 AFP UNEXPECTED tax revenue from Japan's buoyant economic performance has greatly reduced the need for sales of government bonds to finance the budget deficit in fiscal 1987, officials said in Tokyo yesterday. The tax windfall has led the finance ministry to
    AFP  -  261 words
  • 118 18 AFP SALES of new homes in the US reached their highest level in a year, growing by 4 per cent in April, the government reported on Tuesday. Seasonally adjusted sales of new single-family homes reached an annual rate of 679,0
    AFP  -  118 words
  • 91 18 Reuter COMEX GOLD futures yesterday drifted to the lows after an expected wave of buying from strong overseas markets did not materialise. In nervous morning dealings, the August gold delivery had a net gain of US$l.BO at U*****.60 an ounce, having reacted from a high of U*****.30. Spot
    Reuter  -  91 words
  • LATE FILE
    • 51 18 Reuter THE BBC said on Tuesday it had agreed to a minor cut in a controversial TV play about the Falklands War hours before it was due to be broadcast. The BBC said it had removed a 12-sec sequence from Tumbledown after protests from the army.
      Reuter  -  51 words
    • 35 18 AFP SALES OF new motor vehicles in Japan rose 17 per cent in May over the same month of last year to total 345,700, industry sources said yesterday. AFP
      AFP  -  35 words
    • 53 18 Reuter TURKEY, with one of the world's biggest foreign debts, needs no immediate fresh foreign funding, according to Prime Minister Turgut Ozal. Mr Ozal said yesterday: "Right now, Turkey is not looking for loans nor any other manner or kind of deal. I say that
      Reuter  -  53 words
    • 51 18 Reuter PAKISTAN'S foreign exchange reserves fell to the equivalent of 10.67 billion rupees in May from 11.17 billion in April and 14.42 billion in May 1987, the State Bank of Pakistan said yesterday. Gold coin and bullion assets were unchanged from April at 14.79 billion
      Reuter  -  51 words
    • 46 18 Bernama-PTI INDIA and Pakistan have resumed their dialogue at the highest official level on normalisation of ties. Pakistani Foreign Secretary Abdul Sattar and his Indian counterpart, K P S Menon, began their talks on matters of bilateral interest and concern yesterday. Bernama-PTI
      Bernama-PTI  -  46 words
    • 37 18 AFP THERE IS a need for more police training to detect a rising counterfeit currency racket in Asia, a senior Thai police official said at an Interpol meeting in Bangkok yesterday. AFP
      AFP  -  37 words
    • 41 18 AFP THE PHILIPPINES and Japan have signed a US$lll.B mil-lion-loan agreement for the rehabilitation of the Philippine national highway. The loan is payable within 20 years with an annual interest rate of 3 per cent. AFP
      AFP  -  41 words
    • 46 18 AFP Fiji's military chief Brigadier Sitiveni Rabuka said yesterday a clandestine arms shipment discovered in Sydney was part of a conspiracy to destabilise his country. He said overseas interests appeared to have been involved in the shipment from North Yemen. AFP
      AFP  -  46 words
  • 208 18 Reuter THAILAND'S trade deficit widened to about 20 billion baht during the first four months of 1988 from 9.2 billion a year earlier as economic expansion brought more imports of machinery and industrial raw materials. The Bank of Thailand
    Reuter  -  208 words
  • 208 18 Reuter THE PHILIPPINE military has asked for a 50-per-cent increase in its budget for 1989 to upgrade its forces and boost its war against communist insurgents. The 27.3-billion-peso (US$l.3l- budget proposal is 9.38 billion pesos (US$45O million) more than for the current year, according to
    Reuter  -  208 words
  • 238 18 AFP THE PRESIDENT of the European Parliament, Lord Plumb, yesterday signed the 1988 budget of the European Community, five months behind schedule, as EC officials were drawing up their plans for the 1989 budget The 1988 budget, amounting to 43.6 billion European Currency
    AFP  -  238 words
  • Page 18 Advertisements

  • SHIPPING TIMES
    • 101 19 Reuter SHIPPING COMPANY Nippon Yusen Kaisha has set up a joint venture firm to develop fish farms and seaside leisure areas. Asahi Kaiyo Corp is capitalised at 400 million yen. Nippon Yusen has a 20 per cent share while Seiyo Environment Development Co
      Reuter  -  101 words
    • 345 19  -  By G DURAIRAJ HEFTY INCREASES in cargo throughput are expected by all major ports in Peninsular Malaysia this year. Johor Port is confident that it will be able to repeat 'the 1987 performance. Last year Peninsular Malaysia's southern gateway registered an 18 per
      345 words
    • 267 19 Reuter UPI BANGKOK port workers withdrew a threat to strike after the Thai Cabinet instructed the Port Authority of Thailand (PAT) to modify a contract for a monopoly container handling service at the port. A spokesman for over 4,000 unionised port workers said some shipping
      Reuter; UPI  -  267 words
    • PORTSIDES
      • 108 19 Reuter AN EXPLOSION took place on Monday in a damaged ammonia tank on the Liberian liquid petroleum carrier Mundogas Rio, still leaking ammonia after being attacked by Iranian gunboats last week near the Strait of Hormuz. Lloyd's Shipping Intelligence said on Tuesday that an unexploded
        Reuter  -  108 words
      • 52 19 Reuter THE SOVIET CRUISE SHIP Priamurye, which was damaged by a fire on May 18 was towed from Osaka on Sunday by the Soviet tug Irbis for further inspection at Vladivostok. Lloyd's Shipping Intelligence said the vessel is expected to arrive in Vladivostok on June
        Reuter  -  52 words
      • 51 19 Reuter THE 76,556-dwt Philippine bulk carrier Philippine Roxas, grounded at mile 149 4 on the Orinoco since Feb 12. has been refloated and quotations are being requested for towage to a break-up destination. Lloyd's Shipping Intelligence said break-up towage will start from the mouth of the Orinoco.
        Reuter  -  51 words
      • 81 19 AP SIX PEOPLE were killed when an overloaded ship sank off the east Java island of Madura, said Surabaya Post yesterday. The paper quoted police as saying the K M Bintang Madura, with 228 passengers on board, sank last Saturday only 750 metres from the
        AP  -  81 words
      • 70 19 OFFICIALS will use guinea pigs to determine if dangerous substances are leaking from drums of chemical wastes on the so-called "ship of poison." More than 2,000 metric tons of unidentified waste from Italian chemical companies are in about 12,000 drums aboard the Syrian freighter
        70 words
    • 96 20 Reuter YAMATO Transport Co i Ltd, a major Japanese j courier, has set up a wholly-owned subsidiary < in Rotterdam, a company spokesman said. Yamato Transport Netherland BV, capitalI ised at 600,000 Dutch guili ders, will market door-to-door small package delivery services in
      Reuter  -  96 words
    • 76 20  -  By Kingsley Wood NEW ZEALAND port executives can expect a hefty increase in salary and fringe benefits when port companies replace the current harbour boards in October A package proposed for the regional Hawke's Bay port offers the general manager a base salary of NZ$B5,OOO
      76 words
    • 876 20 Fairplay RECESSION swept through Greek shipping from 1981 to 1986 and this year, with a cautious but definite upturn in freight rates a few months old, sees a very different community gathered along the Akti Miaouli and the streets behind In some ways, recession
      Fairplay  -  876 words
    • 120 20 AFP AN INDIAN FISHERMAN was killed and two others injured Tuesday when their boat hit a floating mine in the Sea of Oman, a spokesman for the United Arab Emirates (UAE) Interior Ministry said. The fishermen, all three Indian nationals,
      AFP  -  120 words
    • 782 20 AB SKpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrons VII 3 American Tpf II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Ocean VI
      782 words
    • 224 20  -  By Kingsley Wood ATTEMPTS by the National Farmers' Federation to have a showdown with the waterfront unions have not gone down well with the Australian government. Mr Ralph Willi, Industrial Relations Minister, accused the federation of "extraordinary and confrontatist behaviour". He said the NFF attitude was
      224 words
    • 198 20 A NEWLY-DESIGNED open top hatchless container ship offers savings of thousands of dollars at each port of call. The vessel's Australian designer, Advance Ship Design, says a study of conventional top container vessels revealed that at each port of call about two hours
      198 words
    • 302 21 Lloyd's List THE CURRENT worldwide demand for containers is likely to continue into the early *****, Hapag-Lloyd director Jan-Boje Steffens told the World Container Conference recently. Demand for containers was currently outstripping supply and his company expected the tight ratio between supply and
      Lloyd's List  -  302 words
    • 208 21 Seatrade Week INVESTIGATORS working on the El Condor case have linked a Hong-kong-based syndicate to the disappearance of the Honduran-flag bulker and its cargo of copper concentrates. Confidential reports obtained by Seatrade Week indicate that the gang, composed of Chinese and with known
      Seatrade Week  -  208 words
    • 111 21 TO STRENGTHEN its commercial name at home and abroad. Nedlloyd's subsidiaries which are active in shipping agencies have taken on the name of Nedlloyd Lines. When necessary, the words "agencies", "'agentur'", or agences maritime have been added. For instance. Ruys en Co Netherland is known
      111 words
    • 866 21 AFP RATES continued to decline over the past week on the dry cargo market, confirming fears that the traditionally slack summer period has now started. The Biffex (Baltic International Freight Futures Exchange) index fell 50 points at 1,370 points, with the downward movement accelerating towards the end of
      AFP  -  866 words
    • 247 21 ALL SURVEYS were conducted on May 24 Argentina Buenos Aires Waiting time of 2 days. Bahia Blanca Waiting time of 1 week Australia All ports Normal operation. Brazil Salvador Waiting time of 3 days. Santos 40 vessels operating. Cameroon Douala Normal operation. Chile All ports Normal operation. China
      247 words
    • 8824 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      8,824 words
    • 1683 27 AT CONVENTIONAL WHARVES i„nor fo 'Do* J8 02 06 ISK 05 06 1500 1 1 Uo* V#f»» u re Jl? 02 06 1530 0306 0700 Vessel Berth Arrival Mi'ot Departure mo .< .11 02 06 0630 J6 0206 0600 05 06 1800 04 06 060C j KEPPEL WHARVES 40li<*0"*0 r
      1,683 words
    • 1276 28 CHARTERING proved rather slow to develop on Tuesday on the London shipping freights market after three-day holiday weekends in the United States and Britain but the undertone for Panamax bulk carriers continued to weaken. This was particularly marked in the US Gulf and US North Pacific loading areas but no
      1,276 words
  • Page 19 Advertisements
    • 748 19 xV V TIMES STP Distributors sfiSSf 1 *ot' OOCL OVEIQEAS CotUcMie* LIME WW wgents JAROINE SHIPPING AGENCIES (Reg No 747*4 00K) 200 Cantonment Road #12 05 Southpomt. Singapo'e 0208 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JAROINE SHIPPING AGENCIES SON BHD
      748 words
    • 88 19 mm RECESSION swept through Greek shipping from 1981 to 1986 and this year, with a cautious but definite upturn in freight rates a few months old, sees a very different community gathered along the Akti Miaouli and the streets behind. Page II THE CURRENT worldwide demand for containers is likely
      88 words
    • 569 19 THE SPECIALIST IN: Wire Rope Slings Lashing Materials Lifting r TESTISG S FACILITIES J/ AVAILABLE V INTERMARINE SUPPLY CO. (PTE) LTD. TEL *****33 (8 UNES) TUL WCCO RS M» FAX: *****77 MAERSK LINE MAERSK LINE FIRST CARRIER TO RUN DOUBLE-STACK TRAIN TO CANADA SIN/TORONTO: 23 DAYS!! Feeder from] Port Malaysia
      569 words

  • Page 20 Advertisements
    • 576 20 So* *1 LLOYDS LIST yv pm Enquiries call: Changi International Distribution Services Pte. Ltd. Tel No: *****53 (6 lines) ff Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN. AARHUS. GOTHENBURG, MALMO, HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING
      576 words
    • 17 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 490 20 AmTrans AMERICAN TRANSPORT LINES, INC ACCEPTING CARGO TO ATLANTA. SAVANNAH. BALTIMORE. MIAMI. TAMPA. OTHER U S EAST COAST PORTS ON REQUEST ALSO ACCEPTINC CARGO TO CENTRAL/SOUTH AMERICA CRISTOBAL. PUERTO CABELLO. SANTOS. RIO GRANDE. PARANAGUA. RIO DE JANEIRO. BUENOS AIRES OTHER PORTS ON REQUEST TO CARIBBEAN PUERTO RICO. VIRGIN ISLANDS. ST
      490 words

  • Page 21 Advertisements
    • 1020 21 S3 The Straits Steamship Group r=r=r Mansfield Container Shipping PteLtd k P&O Containers COHTAIfCRSMP SERVICE TO UK/COHTINENT:^ Alio Accepting Cargo For: Hwikwri to Copenhafwv Aarhut. Gothenburg Miimo Stockholm. Helsinki KotltftUm to Antwerp Amsterdam Otlo. B»I| Zurith •roflwnhovon to Iremen Southampton to ill UN iestinetions Belfast Int OuMin (CONTAINER SHIP SERVICE
      1,020 words
    • 599 21 EUROPE 1= USA/PANAMA General Agent: m 04 02.05 05 06 05 11.05 11.06 05 30 05 25.06 00.07 ACCEPTMt CAR6O TI/FOOB SFO LAI. CNL. RMA. SA* T«. NYC MD »AL U0 NFK other ports oa request TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER NUPTSE V 127 P PIERCE Vl4l P
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  • Page 22 Advertisements
    • 420 22 mSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHDAT Singapore In Pt 6/6 Loading for BANDAR ABBAS BANDAR ABBAS JAPAN/KOREA SERVICE Singapore 7/6 Loading forJAPAN. KOREA KYOWA LINE aa sun union line KARACHI SERVICE Singapore Loading for:18/6 Karachi TAIYO MARINE LINE AUSTRALIA SERVICE
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    • 523 22 hg.S.ijine (MfJ SMiremt ct»r»*A r/#a FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ J A Member oMhiHk^Coi CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL HAISBON KUANTAN S'PORE LOADING FOR 20/6 DUBAI. DAMMAM GEN AGENTS: CROWN MARINE CO (PTE) LTD TEL: ***** M (9 Linoa) FAX NO: *****69 SUB-AGENTS: KUALA LUMPUR TEL: *****66/
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    • 250 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY MADRAS: ETA 5/6 AUSTRALIA/ MEW ZEALAND SYDNEY, MELBOURNE 1 FREAAANTLE AUCKLAND, WELLINGTON LYTTLETON, DUNEDIN NAPIER EUROPE EURO-AFRICA SERVICES FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, ALGIER TUNIS, VALLETTA, IRUN, CEUTA ISTANBUL FAR EAST PORT ICE LANG PENANG
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    • 1022 22 w Leas EVERGREEN Full Container Service EVER GUEST EVER CROUP EVER GIVEN EVER GROWTH _Round-The- World East Bound (FE/CARIB/USEC/EURO/FE) V up up up ALSO ACCEPTING CARGO TO: l> *****S 0ST0 PM,LAOtLfHI "O.FOLK JACKSONVILLE. 2) ATLANTA. CHICAGO. OCTROIT COIUMUS i OTHER MAJOR MCRORRIOGE DESTINATIONS MJ. NYC LHV ANN ROM FLX HK
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  • Page 23 Advertisements
    • 935 23 PACIFIC INTERNATIONAL LINES \m\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL MAJAPAHIT SEA HAWK SEA DRAGON SEA HAWK VESSEL VOV INTEGRA 6623 MAJAPAHIT 21 SB MTEGRA M 25 SEA FORTUNE M2S SBV SMG In Pt 4/6 9/6 i«/e im 23/6
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    • 373 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Hengkenf Eiprm Uliine Mjru To* 10 Eiprm I HAVEN ROAM HAVRE EXPRESS CONTAINER SERVICE FROM UK/CONTINENT w i lay 10* p tbru 14* U* Say IM 2» konf E.preu 24* 2M ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN f
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    • 610 23 D J AS AGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY PALEMBANG/9WB MATARAM/21WB S. PANJANG/19WB BILBAO ANTWERP H'BURG/ 13-16/6 30/6-3/7 8-10/7 RDAM/ADAM BREMEN lo Inducement. Also accepting cargo to Casablanca. Port Port
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    • 353 23 BOUSTEAD SHIPPING AGENCIES MYOMAYWA VUO PAGAN Vl2B PA-AN VI2SW BURMA FIVE STAR SHIPPING COBPOHATHIM (Burmese National Line) Loading for Rangoon pore P.Kelang Penang Bangkok M Ju« 25 M»yfl Jun 4/6 Jun 4/5 Jun 1/3 j U n i? BANK LINE I SEMI-CONTAINER SERVICE NORTHBOUND TO UKC MORAYBANK VSN CLYDEBANK V23N
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  • Page 24 Advertisements
    • 666 24 Kline KAWASAKI KISEN KAISHA. LTD. ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIDGE N. AMERICA-ATLANTIC COAST VOY 'INDO •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST MOTHER VESSEL VOY BAY BRIDGE 24 ASIAN VENTURE ***** GOLDEN GATE BRIDGE 27 HARBOUR
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    • 234 24 MRWJIE SHIPPING AGENCIES (REG *****4/ OOK Tel: *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18-220 BOOKINGS Tel *****34-235 Vg\ DONOMAMAI—IIUE S PORE P KELANG PtNANC INCHON BUSAN INSA VMM 5 Jun 6 Jun It Jun U Jun THEA S VKH 10 Jun U Jun 12 Jim 22 Jun 24
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    • 551 24 SC32 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Cofitalrvsra ORIENT SUCCESS V 101 S O NAGALANO VMM TIGER BAT V.17 INDIAN COURIER V.IIN ORIENT SUCCESS V 101 V NANOINI V UM TIGER BAY V ORIENT SUCCESS V lit INDIAN COURIER V 32N TIGER BAT VJBN TIGER BAT V 40ft P Ktlanf
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    • 605 24 STRAITS/PERSIAN GULF SERVICE GOLDEN HARVEST CotomDo Karachi DuOa. GOLDEN HAVEN Colombo/Karachi/ Dubai Bahrain CHINA SERVICE BAI TUN SHAN Xiamen 'Shanghai A VESSEL Huintpu Shjnghji GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD a. TeM Ajrer StrMl SINGAPORE 0104 TEL SJ4JW (10 LINES) Fat SJ4JSOA S pore P Ke<an( M June 8/9
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    • 501 24 «JIAAA rmvj l iiTiDdf lllUlMlttJ, UUUf A, 1900 I PHILI OniCNT UNCS PTC LTD l-o AFRO ASIA BUILDING SINGAPORE 0106 TflfX RS ?B7?0 PHILI fAX *****76 EAST/FA* EAST Fa A LCI ETA SINGAPORE DESTINATION Ifj. -'/JTOi rr JEDOAH (LCI) 23C22 NEW CENLORD H.Mi.'; jv.fi :ii =.l? v~ ffln LATTAKIA. BENGHAZI
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  • Page 25 Advertisements
    • 963 25 NEPTUNE AGENCIES PTE LTD. Ft EU/AUST TPA/SEA Oonoral Enqulrtoa: Tel: *****77 Tann.nal CFS BOOKINGS *****53 27*5742 *****22 *****53 *****1J 27*114 NEPTUNE ORIENT LINES LTD P Kalang NEPLINE SON BHD UIW7 K Lumpur NEPLINE SON. BHD *****33 Panang NEPLINE SON BHD ******27t«)*271(1*mt2 J.Bahru NEPLINE SON. BHD. *****0/*****1 *****53 *****42 *****19 *****11
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    • 387 25 V HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISEO DIRECT SERVICE TO P KELANG, PENANG, BUSAN. INCHON ti: WEF JUNE 1) BUSAN SINGAPORE 2) 10 OAYS SERVICE !l Vessel s Name £TD BS No I Donjm BWN 11/05 No i Donam M$N 16/05 "Gloria JOSN 19/05 No 9 Donam KSN 05/06 No
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    • 768 25 m 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 ***** PENANC P. KELANG MESSRS MAI THONG SHIPPING 127 Pen*™ Straet. Ptw* MjUyw MS HANDLING SYSTEM CO
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  • Page 26 Advertisements
    • 377 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 130 Lines- UX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE RUEBELAND 5 88 'VIA COLOMBO Accepting cargo tor INDIA Bombay. Cochin. Madras Calcutta "VIA LARNACA Accepting cargo lot Lattakia.
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  • Page 26 Miscellaneous
    • 179 26 *d Regional Weather u f N jl m m 0 Si JT ft a I x K I <** •2 1 iGd i« SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. June 2, 1988 c cr"" Wind direction with speed in knots Wave height LEGEND: R Thunderstorm Temperature °C y
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  • Page 27 Advertisements
    • 605 27 FARGO SHIPPING COMPANY (PTE) LTD N0.15 Hoe Chiang Road #13-02 Sanford Building, Singapore 0208 .Tel: *****22 Tlx: ***** FASCO ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND Wl BrutMl 203 I 23 6 I 1/7 I 7/7 Antw*rpw 2M i/7 13/7 21/7 C. Verolmt 205 23/7 31/7 t/t Tnt Express 207 21/1
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    • 328 27 ISP SHIPPING AGENCIES PTE., LID Tel: *****66 (16 Llne«) Fa*: *****15 LCL FIXED TWICE WEEKLY CONSOL LCL FIXED CONSOLIDATION TO:CHINA, HONG KONG, BANGKOK, KEELUNG, KAOSHIONG, KOBE, MANILA, OUSAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MELB, KARACHI, CHITTAGONG, LEGHORN, JAKARTA, NAGOYA, GOTHERRURG. AIL EUROPE BASE PORTS ALL
      328 words
    • 712 27 Page IX TRANS TRADING AGECY PTE. LTD. OC IRAQI LINE IMQ STATI fMTIMPHISC »0« HMITIMi T«*llSfO«T WEST BOUND SERVICE ETA S PORE LOADING FOR MV RORO BALQEES Sailed Hodeidah. Jeddah, Aqaba MV BABYLON 20/6 Hodeidah, Jeddah. Aqaba THROUGH BfLs to BAGHOAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA i BAGHOAD
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  • Page 28 Advertisements
    • 305 28 jUCHai Sun Hup Co (Pte) Ltd TEL *****06 (20 Linesl TLX RS ***** RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK DBN l"L V 79* 2SH 1/7 4/7 21/7 •Alio calls E L I P.E. GENERAL AGENTS: HAI SUN HUP CO. (PTE) LTD. SINGAPORE TEL *****06
      305 words
    • 492 28 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSI Sport LeHavre Connecting VSI For: B SURIA V 172 U* 2W STUTTGART EXP "owHo New'Vk SEIANDIA VIC 13/6 30/6 DUSSEIDORF EXP R^timnr#Portsmouth TOTAMA Vlg m 7/7 NUERNBERG EXP Also serving CULF Miami. Mobile. New
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    • 98 28 ULTIMATE FREIGHT SERVICES PTE LTD T«l: *****11 Tlx: ***** Fax: *****92 LGL Acceptance Fremantle Closing 4/6 Noon REGUI KABU TORG WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agen, NINON-ASIA SHIPPING (SI PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SIN CHIAO SHIPPING AGENCY PTE LTD FOR
      98 words
    • 706 28 UMBO, CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 [WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE SINGAPORE #05 otot 13 Ot 20 ot HAMBURG GOTHENBURG 20.0t *ot 270t B REMERHAVEN COPENH AGE N HELSINKI MALMO
      706 words