The Business Times, 21 June 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, JUNE 21, 1988 75 CENTS
    11 words
  • 237 1 AFP Dow Jones down NEW YORK stocks weakened yesterday morning on fear of higher interest rates and the Dow Jones Industrial Average dropped back under the 2,100 level. It lost 15.29 points to 2,088.73 one hour into the session. AP Footsie lower CONCERN over another possible rise
    AFP  -  237 words
  • 206 1 EARLY BULLISH SENTIMENTS in most regional markets were later dampened by fears that a round of interest rates increases could follow the Toronto summit of seven industrialised nations. Share prices in Singapore opened higher on active volume. But the sharp fall in Tokyo
    206 words
  • 139 1 THE Australian and New Zealand dollars crashed through key psychological barriers yesterday to reach their highest levels against the US currency in more than three years. In Sydney, the Aussie currency closed sharply higher at U550.8212 but below its intra-day high of U550.8230 due
    139 words
  • 668 1  -  KIO avoiding some £500 m a year: British paper By ALAN LEE KUWAIT Investment Office, the powerful but secretive investment arm of the Kuwaiti government, has been identified as the biggest "tax avoider" in Britain under a little known privilege called "sovereign immunity".
    668 words
  • 315 1 AFP THE TORONTO SUMMIT of the seven major industrialised countries could reach an "a la carte" accord on ways of reducing the debt burden of the world s poorest countries, according to Japanese and Canadian officials yesterday. The
    AFP  -  315 words
  • 449 1  -  By CATHARINE FERNANDO STRONG WORLDWIDE demand for personal computers has led Compaq Asia, wholly-owned subsidiary of Compaq Computer Corp, to use up its $42 million investment within 18 months instead of the projected 10 years. At a press conference yesterday to
    449 words
  • 482 1  -  By LISA LEE UNITED INDUSTRIAL Corporation (UIC) plans to team up with Hongkong's Asia TV Holdings (ATV) Ltd and the Singapore Broadcasting Corporation Ltd to develop the Tang Dynasty Village. The group is negotiating for a 20 to 25 per cent
    482 words
  • Page 1 Advertisements
    • 228 1 Nikon The World's Finest Photographic System Full report, PAGE 16 Regional Mkts, PAGE 18 World Mkts, PAGE 19 More reports, PAGE 14 Take up high living at Penthouse 6 Kuoin al the tup at down to earth prices $85 for Single Room $100 for Double Room X., From 18 April
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    • 356 1 FOCUS, Page 9 So far to good, says G-7 leaders of summit Farm subsidy issue Are export zones dying? IN THE LATE 60s and early 70s, export processing zones industrial enclaves set up to attract foreign investments were popular among Asia's developing countries. But these zones may have reached the
      356 words
    • 51 1 Nikon The Wo'id s f (ifs! Photograph.c Sf fem HK looking Into ATV Ml*, PAGE 19 Shipping Times comes as a separate section today. Make sure you get your copy. BOUTIQUES mu/t" de Ca/liet #01-36, Lucky Plaza, 304 Orchard Road. Tel: *****27. #01-04, Hilton Shopping Gallery, 581 Orchard Road. Tel:
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  • HOME NEWS
    • 366 2  -  Company has big plans to market franchise abroad By TIANG PEK YIN THOREN INSTANT Printers recently became the first instant printer in Singapore to export its expertise and franchise overseas The deal, which involves US$5O,OOO with an Indian businessman in Bombay. India, forms part of its
      366 words
    • 401 2 INSTANT PRINTING is no flash in the pan. There are now some two dozen instant printers in town, with a good part of their business coming from foreign participants in the many conventions and exhibitions that take place in Singapore. With the economy
      401 words
    • 196 2 A SINGAPORE accountant haa become the first person to receive a prestigious new award for his role in promoting the accounting profession. Mr Keith Tay. Singapore Society of Accountants (SSA) president is to receive the International Award of The Institute of Chartered Accountants in England
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    • 149 2 MICROCOM INC announced yesterday the appointment of a local company as a distributor for Singapore, Malaysia and Thailand. Kompac Technology Pte Ltd. a subsidiary of the Kompac group, has signed a one-year renewable contract to distribute Microcom products to the three countries. Kompac hopes to market U5500,000
      149 words
    • 611 3  -  By LOH HUI YIN THREE S COMPANY. So thinks a West German company that's eyeing a slice of the oil storage business now dominated by two Dutch companies in joint ventures with government agencies. The company is Hamburgbased Oiltanking GmbH, said
      611 words
    • 298 3 FOR THE FIRST TIME, an exhibition of police, civil and military security equipment will be staged in Singapore in a move by the participating companies to tap the Asian market. Starting today, Milipol-Asia 88 will give top government, police and military officials a chance
      298 words
    • 344 3 SINGAPORE outbid Thailand and Taiwan when the International Apparel Federation an association of major garment businesses from industrialised regions was looking for a venue for its annual meeting this year. As a result, about 240 delegates from 26 countries will gather at Marina
      344 words
    • 441 3  -  By BOEY KIT YIN VIGOROUS EXPANSION in the manufacturing sector helped maintain demand for Jurong Town Corporation (JTC) factory space in its last fiscal year, although growth was slower than the 80 per cent rise recorded in the preceding year. In the
      441 words
    • 246 3 DEVELOPING a top-class exhibition complex at Marina Centre is timely as it would boost Singapore as a key exhibition centre, said Dr Arthur Beng. Dr Beng, Member of Parliament (Fengshan), was speaking at the opening of the exhibition on
      246 words
  • Page 2 Advertisements
    • 88 2 ANNUAL SAL E From June 13 to 28 we're holding our Annual Sale. Where you'll find discounts of up to 50% on n I exquisite leather accessories. Like stylish briefcases, smart Boston bags, fashionable ladies' handbags and elegant crocodile skin handbags. But they're only available in limited quantities. So you'll
      88 words
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  • Page 2 Miscellaneous
    • 71 2 ftarfcodot ftruoois Bwenot Aires Cairo CaiQory Canberra Corocot Chicogo Cop*hogen Dorwiri rc) 16/09 Shown 18/13 Oowdy 33/19 Cloudy 35/29 CWor 33/25 Pair 30/22 Oowdy 30/17 Shower* 27/21 Sunny 26/13 dowdy 20/12 Rain 29/26 Oowdy 27/20 Oowdy 22/11 Fine 18/12 Ooor Singapore OUTLOOK: Report for 24 to 7.30pm on Now DoM
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  • Page 3 Advertisements
    • 399 3 The watch you see below is a classic. To be more precise, it is one of the most important watches in the history of watchmaking: The first alarm wrist watch ever made. Introduced in 1947 by Revue Thommen, the Cricket (as it was called, and youH soon find out why)
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  • ASIA-PACIFIC
    • 505 4 Accord calls for near doubling of Japanese beef imports AP THE UNITED STATES and Japan yesterday reached "a landmark agreement in US-Japanese economic relations" that calls on Japan to liberalise the imports of US beef and oranges over the next six years, US Trade
      AP  -  505 words
    • 344 4 AP HERE are the highlights of the agreement signed between Japan and the United States to end a dispute over imports of US beef and citrus products: During the first three years of the accord, Japan s market for imported beef will increase 60,000 tonnes
      AP  -  344 words
    • 182 4 AFP CHINA would be wrong to model its economic development on Asia s newly industrialising countries (NICs), the head of the US-China Business Council said yesterday. Chinese economists who see their country as another NIC like Hongkong, Singapore, South Korea and Taiwan are using an "out-of-date"
      AFP  -  182 words
    • 575 4 AP AMERICANS preached the virtues of private enterprise while Chinese corporations hawked their wares in the corridors of the Great Hall of the People in Beijing yesterday, the opening day of the largest US-China trade conference ever held. Nearly 1,000 Americans, many from
      AP  -  575 words
    • 340 4 Reuter TURKISH Prime Minister Turgut Ozal said on Sunday an attempt to assassinate 1 him might have been car- > ried out by a group op- posed to improved ties with Greece. Mr Ozal, 60. who was shot in the hand on
      Reuter  -  340 words
    • 209 4 AFP THE Philippine government expects to recover 158.2 billion pesos (U557.55 billion) in allegedly ill-gotten wealth from former president Ferdinand Marcos and his allies by 1992, a newspaper said on Sunday. The amount includes 103.5 billion pesos (U554.94 billion) in the exiled former
      AFP  -  209 words
    • 218 4 Reuter VIETNAM is in danger of becoming the Ethiopia of South-east Asia following crop failure, say Australian aid experts "Coming on top of Vietnam's worsening economic situation, the loss of the winter rice crop as a result of insects is a severe blow
      Reuter  -  218 words
    • 984 4 ARRIVALS Operator Service Local From number time GIA GA7202 0705 HLP AIR CW707 0700 MTS/MRU SWAZI GIA GA7302 0715 SUB AC AC584 0725 YYZ/YHZ/ MAS BRU/DXB MH640 0820 KUL SV SV398 0835 JED/RUH SIA SQ417 0845 DXB/KHI MAS MH651 0910 PEN MAS MH630 0920 KUL AC AC8S8
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  • Page 4 Advertisements
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    • 62 4 'I \l If Ifl If The business person's choice, every I I IrCl II I II I Tuesd °y. Thursday. Saturday ond I a I 1 Ml 1 a Sunday. Leaving Changi Airport at J- A 22 05 hours and arriving at Lester B Pearson International Airport the following day
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  • Page 5 Advertisements
    • 200 5 HEWLETT-PACKARD PRECISION ARCHITECTURE "il WE'VE RAISED THE CEILING The new Precision Architecture models in the HP 3000 range of business computers are truly revolutionary. You'll probably never have to worry again about upgrading your system. The HP 3000 Series 950 and 955 can support over 400 terminals. And almost limitless
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  • REST OF THE WORLD
    • 509 6 Both accused of not acting on warning Reuter US ATTORNEY General Edwin Meese and former defence secretary Caspar Weinberger were warned about alleged wrongdoing in Pentagon procurement three years ago but apparently took no action, two members of Congress said on Sunday. Senator Charles
      Reuter  -  509 words
    • 46 6 AFP THE RISE in the world price of grain, caused by a US drought, will benefit Argentine producers. Ernesto Juan Figueras, Argentina's secretary of agriculture, said in Buenos Aires yesterday that higher prices could also end the need for subsidies.
      AFP  -  46 words
    • 144 6 NYT THE United Nations is investigating reports that British and West German companies are collaborating to produce sophisticated military hardware for South Africa in violation of an international arms embargo, according to UN officials. During the weekend, UN officials identified the
      NYT  -  144 words
    • 292 6 AP FOR THE first time, the three racially separate chambers of the South African Parliament have a joint debate this week on the creation of a forum on power-sharing by the disenfranchised black majority. Members of the Indian and mixed-race chambers will
      AP  -  292 words
    • 325 6 UPI THE HEAD of the US Federal Aviation Administration said on Sunday America's airports were nearing "aviation gridlock" and there could be a time in the near future when flying might have to be rationed to travellers. FAA Chief T Allan McArtor said
      UPI  -  325 words
    • 224 6 UPI THE COMMUNIST PARTY newspaper Pravda says Soviet leader Mikhail Gorbachev's glasnost policy of openness should be made the law of the land but indicated limits should be placed on how far it could go. "It is a misconception that glasnost and
      UPI  -  224 words
    • 110 6 Reuter BRITISH MANUFACTURERS expect their output growth to moderate slightly over the next four months as demand growth slows, the Confederation of British Industry (CBI) said. Order books remain above normal but are less buoyant than last month, it said in its June Industrial
      Reuter  -  110 words
  • Page 6 Advertisements
    • 50 6 Korean Air is flying the world to Seoul. And Seoul to the world. Our modern fleet includes the very latest A3OO-600s, the advanced B747SUDs and soon, the new MD-lls and 8747-400s. For more details, call your travel agent or Korean Air on *****11. KfiREAN AIR THE ART OF JOYFUL FLYING
      50 words
  • Page 6 Miscellaneous
    • 69 6 YES, IT IS, AND YOU KNOW, ROLAND, rrs ABOUT TIME! MALL street has gotten rapped a LOT LATELY, BUT ITWAS THERE THAT THE BATTLE AGAINST THE ECONOMY WfiSWON' r >-y 31/^ BY GARRY TRUDEAU SURE, SOMETIMES THE COLP UARGOTPffUY. SOMETIMES WE HAP TO CUT A FEW CORNER? TO MAINTAIN CASHFLOW.
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  • Page 7 Advertisements
    • 229 7 m t!< r* m>y ,j- < -■> > I-r >~ &23 i> tv <v -X w V <>• Yx *>■ -,w •V T:: >- Seven years and more than twenty million kilometres. That's how long it took we introduced the Mercedes-Benz mid-series to the world. The point here, however, is
      229 words

  • COMMODITIES
    • 269 8 Bernama MALAYSIA, despite being the world leader in tropical forest management, needs help from international scientists to develop the technology for sustained utilisation of the forests. Primary Industries Minister Datuk Or Lim Keng Yaik said yesterday: "Managing the forest is a very complex issue
      Bernama  -  269 words
    • 127 8 Reutar MINE ACCIDENTS in China killed nearly 10,000 people in 1967, an official newspaper said on Saturday In the latest report revealing rising industrial death tolls. The China Daily said mining accounted for more deaths than any other industry but construction site accidents
      Reutar  -  127 words
    • 196 8 Chinese Produce Coconut oil (M$/100kg) Exchange Now drum 165.00 2nd hand drum* 159.00 Stlltrt noon doting prfc Juno 20 (SS/100 kg) cot on Bulk 150.00 Local In bulk 147.00 Coconut oil lu* FOt OM drum FOB 118.00 138.00 Copra (M$/100kg) Now drum FOB 133.00 No 1 (•flat*) No
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    • 289 8 Reuter Malaysian crude palm oil futures closed limit up on the Kuala Lumpur Commodity Exchange yesterday. August, September and October each finishsd $50 highsr at M 51,158, $1,160 and $1,148 per tonne. Spot month July was $72 better at $1,188 per tonne. Turnover was smsll at 248 lots
      Reuter  -  289 words
    • 356 8 Reuter SINGAPORE The market closed quietly steady yesterday with July 1 RSS buyers price quoted at 285.00 cents a kilo, up one cent from Friday's close, dealers said. After s steady opening at around Friday's levels, prices rose slightly on some buying interest following higher Japanese advices. But prices
      Reuter  -  356 words
    • 266 8 RAS prices in fob in m M NOON ciose Buyor* •uyoo SoMorv Int 1 RSS Prompt 285JO 287JON 285.00 287.00N Int 1 RSS My 88 > 285.50 287JON 285.00 287.00 int 1 RSS August 286.50 288J0 286.00 288.00 Int 2 RSS Of 284.00 286.00N 283J0 285JON Int
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    • 77 8 (eamt/kg) JULY 1988 AUGUST 1988 (currant month) Iforwor xt month) RAS NOON NOON lirysn S«l»n kvyan Mn SSI 30 252.00 257.00N 252.00 257-00* SS« 90 250.00 255.00N 250l00 255.00* MRELB Bwyeo Saftan Ivytn Mm SMB CV ***** 594.00N ***** SMjOQN SM« I 594.00 596.00N 596.00 *****N SMI
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    • 163 8 Reuter THE Kuala Lumpur tin prtca cloeed unchanged yeaterday from Friday's Mflt.M a kg rtoalng (aval altar a brlaf trading ••••lon, daalara said. Both buyers and sotlari dacldad to eloaa deals at tha starting level and a total of 74 ionn—wara tranaactad against 12S on Friday. Tha marts<
      Reuter  -  163 words
    • 266 8 HONGKONG: QoM cloaad slightly lowar in quiat trading yaalarday, daalara aald. Bullion cloaad at U*****.00/40 an ounca againat Naw York'a doaing at 454.30/80 and Frlday'a finlah hara of 450.50/80 K hit a high of 465.40/80 and low Of 453.80/454.40. On tha local market, gold cloaad $28 hlghar at
      266 words
    • 83 8 THE MARKET took s raat from Its long fall, but tha mood Is sttn wsak and tha downward ri<># might conOnua. Option prloM for crud# (FOI Tapkl I O J*r> My) rtgin) UO/Wfai Omm 14*41 «M* 14-7S m* 1X79 -02S OMM (Mr) WmTmm wn LWrT !4*4i aii
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  • Page 8 Advertisements
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  • FOCUS
    • 1040 9 The annual ritualistic gathering of the Group of Seven industrial nations that is underway in Toronto is examining, among other things, the persistent issue of Third World debt and agricultural subsidies. FOCUS takes a look at the progress made after the
      AP  -  1,040 words
    • 595 9 Reuter PRESIDENT REAGAN'S bid to get US allies to commit themselves to stop paying hand-outs to their farmers by the year 2000 is unlikely to make progress at the Toronto economic summit. Conference sources said on Sunday they doubted the US would press the contentious
      Reuter  -  595 words
    • 447 9 Who's who... the newcomers and old-hands at the annual economic meeting AP ITALIAN PRIME MINISTER Ciriaco De Mita is the rookie at this year's economic summit, while Margaret Thatcher of Britain is breaking attendance records at the annual seven-nation gathering. Mrs Thatcher, in office
      AP  -  447 words
    • 289 9 AFP THE SEVERE DROUGHT which has hit the wheat-producing prairies of North America could be one of the top issues in talks on farming subsidies at the G-7 summit, European and Japanese sources say. The 14th G-7 summit opened in Toronto on
      AFP  -  289 words
  • Page 9 Advertisements
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    • 112 9 BLAUPUNKT BOSCH Group It's a small point. But it makes a world of difference. Blaupunkt Integral IS 70-78VT. Switched on, it provides a very clear picture and stereo sound in hi-fi quality. Switched off, its functional design makes a good impression. Thus, Blaupunkt color TV sets present a perfect picture,
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  • PERSPECTIVE
    • 571 10 LABOUR TURNOVER tends to increase whenever the economy is up. It is one of the surest signs of a healthy economy but it is, ironically, also an unhealthy symptom. In Singapore's case, where certain classes of labour are in short supply even during a recession, job-hop-ping tends
      571 words
    • 965 10  -  Export processing zones, one of the most popular industrialisation development strategies among Asian countries competing for foreign investments, may be passe soon. Emerging to take their place are the so-called science-based industrial parks. AL O LABITA Jr reports from Manila. AL O LABITA Jr ASIA'S 'honeymoon'
      965 words
    • 924 10  -  A proposal for a coordinated aid programme for the Philippines has sparked off a fierce debate. AMANDO DORONILA reports. AMANDO DORONILA IHT A PROPOSAL for US$lO billion in aid from a group of Western and Asian countries to assist economic recovery in the Philippines
      IHT  -  924 words
    • REGIONAL VIEWPOINTS
      • 239 11 Our weekly summary of what other publications have to say about issues of regional interest. INDONESIA "THERE CAN BE no denying that poaching in Indonesian waters is carried out... If foreign fishing boats are caught in their act by naval patrol boats and later arrested, the
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      • 180 11 "MALAYSIAN Prime Minister Mahathir Mohamad's meeting with President Suharto in Jogjakarta is the sort of direct exchange that provides the solid basis for functioning cooperation between members of Asean. "The statement issued by State Secretary Moerdiono and Foreign Minister Ali Alatas, however, on the issues discussed by
        180 words
      • 199 11 MALAYSIA "TOGETHER as members of the UN 'Group of 77' and excluded from the rich world's Group of Seven, there is every reason for Jakarta and Kuala Lumpur to cooperate on a range of issues. That the two capitals are separated only by a stretch of water
        199 words
      • 248 11 THAILAND "A PANEL of experts has yet again come up with recommendations to remedy Bangkok's severe traffic congestion. The recommendations range from the unfundable to the unworkable and again avoid what would be the simplest, most effective and no doubt most unpopular solution. "The experts academics
        248 words
      • 237 11 HONGKONG "THE TEST of any deterrent is its effectiveness. This year's huge influx of Vietnamese boat people is ample proof that Hongkong's closed-camps policy has ceased to hold any fears. Today, the territory embarks on a new strategy designed to stop would-be refugees choosing Hongkong as
        237 words
      • 308 11 THE PHILIPPINES "PRESIDENT AQUINO, through her actions on independence day, may have started the link-up between welfare-oriented programmes and nationalism. In her address to the nation (last) Monday, she said true nationalism invokes the growth of national power enhancement of the nation's capacity to control its fate
        308 words
    • 872 11  -  Political strategists are of the view that the White House, before Ronald Reagan steps down, is increasingly likely to find itself in a reactive position. JULIE JOHNSON explains. JULIE JOHNSON NYT WHAT CAN Ronald Reagan accomplish in the remaining months of his presidency? The question first came
      NYT  -  872 words
  • Page 10 Advertisements
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  • Page 10 Miscellaneous
    • 693 10 Winona saj&sm© CRYPTIC PUZZLE ACROSS 3 To be accurate, marksmen (5) 8 Being a seamen, he requires no bus (5) 10 An England cricketer needs more than two articles (5) 11 Not affected by high speed (3) 12 Ken s country? Not entirely (5) 13 Swinging sportsmen (7) 15 Bent
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  • Page 11 Advertisements
    • 393 11 51 54 W A m m w r* j f m I iM^H k. w IMO> <Ti» M LUtXtx\ \LASLAS m LAS \LAsLSU +tti Mf MIDDLE EAST DISTRIBUTION MADE EASY Superbly sited where East meets West and the focal pant for trade traffic throughout the region. Dubai has been the
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  • Page 11 Miscellaneous
    • 1235 11 to oao aaoiM) PM Opening Announcement and Programme Highlights. Carol Burnett And Friends. The Yellow River The River Readies Bohai Bay (Last episode. See highlights). World Music Album. To The Manor Bom (r). Cultural Moments Manon Lescaut (r, Italian). This Royal Opera House production of Puccini's masterpiece features two of
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  • SPORTS & LEISURE
    • 485 12 UPI KAREEM ABDUL-JABBAR hit two free throws with 14 seconds left on Sunday and the Los Angeles Lakers withstood a 43point performance by Isiah Thomas to set up a one-game duel for the NBA title with a *****2 victory over the Detroit Pistons in
      UPI  -  485 words
    • 356 12 AP WIMBLEDON has been the site of some of John McEnroe's greatest triumphs and tragedies. Now, he hopes it will be the staging ground for his greatest comeback. The three-time champion returns to Wimbledon for the first time since 1985 today, when he
      AP  -  356 words
    • 594 13 AP THE FOURTH ROUND of the US Open was a story of missed putts and missed opportunities. Curtis Strange missed his share. So did Nick Faldo. And when it was over on Sunday, the two deeply frustrated players ended regulation play in a
      AP  -  594 words
    • 823 13  -  By DAVE ANDERSON NYT TWO DAYS before this US Open began, Curtis Strange was asked if he had any superstitions. No, he said quickly. But in the old locker room at The Country Club before Sunday's final round. Strange was putting on white golf
      NYT  -  823 words
    • 216 13 UPI AYRTON SENNA of Brazil led from start to finish on Sunday in his McLaren-Honda to claim his third straight Detroit Formula One Grand Prix title. Senna, the pole-sitter, recorded his third victory of the season and ninth of his career in one hour,
      UPI  -  216 words
  • Page 12 Advertisements
    • 935 12 COURVOISIERXOWHEI E ID E4T, IjHNIX i r An exotic taste experience! Set lunch or dinner at CAFE BOULEVARD, June 1 -30,1988. A traditional West African dish of coarse flour, raisins, chick peas and butter served with a choice of lamb, chicken or fish and assorted vegetables. Ss9++ per person. Cafießouleuevtd
      935 words
    • 202 12 Heat 1 Heat 2 Heat 3 Heat 4 HeatS Semi-Finals Fri, June 3 1988 Wed, June 8 1988 Fri, June 10 1988 Wed, June 15 1988 Fri, June *****8 Fri, June 24 1988 Look out for the Grand Finals to be held at Neptune Theatre Restaurant on Friday Sept 16
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  • Page 13 Advertisements
    • 295 13 N1 So much to choose for only $21.50 A sumptuous spread with many diferent types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, torfes...cheese board, fresh frult...freshly brewed coffee. All for $21.50 And for $27.50 you can add a roast or a choice of 6 main
      295 words
    • 269 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PAIM W 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
      269 words
    • 6 13 o o c 1 cn m
      6 words
    • 195 13 IN, -H5, W^F\ 'AW r m 4 &u VERITY How to take your game to greater lengths. I r Play with Maruman's Verity irons more distance with the mid irons. and more and woods. accuracy in the shorter irons. All Verity irons have Same The woods are made from high
      195 words
  • Page 13 Miscellaneous
    • 76 13 v Ball at address Play golf the Sevvy way A LOT OF HANDICAP PLAYERS HAVE PROBLEMS WITH f POSITIONING THE MU AT ADDRESS... FO* THE DRIVER* THE IDEAL POSITION IS TO HAVE THE BALL AT THE POINT WHERE THE CLUBHEAD IS TRAVELLING MOMENTARILY ALONG THE r TARGET LINE.../ IN MOST
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  • MONEY AND EXCHANGES
    • 169 14 Gold futures on Juno 17 100 hoy ounces; USS par troy ou IK8 Opu HI* Lot* tmrn Jun 450.30 453X0 450.00 454JO 4J0 Jul 455.30 4*40 *»Q 453.70 459X0 453 20 454.30 4^40 Oo 439.90 444J0 459.00 443.70 4J0 DK 4ft} (X) 471X0 463X0 469.10 4X0 Fab
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    • 1734 14 SMGAPORE: The US dollar ended higher yeaterday after trading in a narrow range as operators awaited the outcome of the Group of Seven summit in Toronto. dealers said. "Operators were selling yen/buying mark on profittaking and buying sterling/selling mark and Swias franc," a dealer said. The US unit
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    • 364 14 ASIAN DOLLAR deposit rates closed unchanged yesterday after opening firm across the board. Trading was relatively quiet compared with the morning when rates rose 1/16 to 1/8 percentage point following speculation that the US Congress might tax foreign holders of American bonds, dealers said. Overnight and weekfixed
      364 words
    • 413 14 Reuter EURODOLLAR futures closed mixed on shortcovering in moderately active trading yesterday. Operators were hesitant to take new positions as they awaited news from the seven-nation summit in Toronto amid market expectations of a likely rise in interest rates, dealers said. September and March 1989 closed unchanged from Chicago's
      Reuter  -  413 words
    • 272 14 Reuter IMM currency futures closed mixed on Friday after a choppy session marked by nervousness ahead of the 6-7 summit in Toronto. Vague rumours that Congress may consider imposing a new tax on foreign holdings of US government securities sparked a brief flurry of buying just after midday that
      Reuter  -  272 words
    • 1487 14 CURRENCY FUTURES OPTIONS Monday, Jon* 20, 1988 DCUTSCHEMAflK (MMCX) Jul M edb Mfh LM M UIA 57 54 It It 5* 40 2 2 ta« 156 It 3 2 JM tt poM Hipp Lao 41 41 141t 2408 tap It 41 146 245 57 St 59 AopttcaM HHP Loo
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  • Page 14 Advertisements
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      149 words
    • 10 14 Hi BANQUE INDOSUbZ 3 Shenton Way, Shenton House. Singapore 0106
      10 words

  • BANKING AND FINANCE
    • 771 15  -  Ernest Stern, senior vice-president, finance, of the World Bank discusses debt problems and other issues with CARL GEWIRTZ of the International Herald Tribune. CARL GEWIRTZ Q: The World Bank has always prided itself on its special relationship with governments, never having to
      771 words
    • 160 15 Reuter INVESTORS have been selling government bonds in China's northern province of Shandong on fears of a further surge in inflation. The China News Service said yesterday that one man sold a bond with a face value of 4,000 yuan for 4,200
      Reuter  -  160 words
    • 83 15 Treasury bills Period Issue Yesterday's closing Day's code Maturity HO OFFER HIGH LOW 3 mootfw BQ*****S 15.09.88 3.85 3.80 3.87 3.82 6 months BY*****T 24.11.88 3.85 3.80 3.85 3.85 1 year BY*****Z 23.3.89 3.82 3.77 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      83 words
    • 188 15 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on June 20 us$ DM SWFC Yen 7 days 7 5/8 1/2 7 5/8 3/8 3 3/4 5/8 3 1/4 3 4 7/16 5/16 1 mlh 7 5/8 1/2
      188 words
    • 1324 15 Greenback will be under attack by year's end, say analysts IHT THE DOLLAR hit a seven-month high last week. But instead of spreading cheer that the long decline from the 1985 peaks may finally have run its course, foreign officials grumbled, bond markets tumbled and
      IHT  -  1,324 words
    • 500 15 Reuter QATAR'S nine local banks, struggling to cope with a Gulf-wide recession and a stagnant economy, have launched a drive into the emirate's retail market in what could spell a head-on clash with foreign banks. Bankers say bad debts and slow government
      Reuter  -  500 words
    • 58 15 THE OVERNIGHT rate on the Singapore money market rose by point to close at 3S per cent yesterday. Term rates were unchanged. S$ Interbank rates at the dose yester day: OffW 140 Ownight 3 5/8 3 1/2 1 -month 3 IS/16 3 13/16 2-momti 4 3 7/t 3-rnomtt
      58 words
    • 321 15 Reuter WORRIES about overheating in the British economy are likely to prompt authorities to engineer a further rise in clearing bank base lending rates, probably this week, several UK Sunday newspapers said. The newspapers said recent data showing disturbing growth in average
      Reuter  -  321 words
    • 289 15  -  By SOH TIANG KENG IN THE LATEST MOVE towards higher interest rates in Singapore, Oversea-Chinese Banking Corp has pushed up its fixed-de-posit rates for nine-month and one-year funds. Effective today, the bank has raised each rate by one quarter of a
      289 words
    • 261 15  -  By LEONG WEN WAH BANK OF SINGAPORE (Australia), in which the OverseaChinese Banking Corp group holds a 70 per cent stake, is raising US$lOO million in Singapore through a note issuance facility. BOS (A), whose publicly traded shares are listed on the Australian Stock
      261 words
    • 239 15 Bernama BANK BUMIPUTRA Malaysia BHD (BBMB) is introducing a special loan scheme, known as the Graduate Assistance Scheme (GAS), to help graduates venture into business. The scheme is one of the facilities provided by the bank under the Special Credit Guarantee Corporation (CGC) and
      Bernama  -  239 words
  • Page 15 Advertisements
    • 50 15 CFRTIVIED P\KTS 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: *****15 FOR SERVICE AND MAINTAINENCE YOU CAN CCHJNT ON! CALL THE WELL TRAINED PROFESSIONAL YORK MAN AT TEL: 284 5722/284 1454
      50 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4858 16 SHARE PRICES opened higher across the board yesterday but later lost some ground as prof-it-takers came in to trim the day's gains in active trading. After reaching a high of 1,075.49, the Straits Times Industrial Index started to lose steam as players took their cues
      4,858 words
  • Page 16 Advertisements

  • COMPANY NEWS
    • 364 17 TWO UK STOCKBROKERS recently transacted a huge block of Sime Darby shares worth an estimated Msl6o million (*****.8 million) in London the largest placement of a blue chip share since the October Crash. The entire deal of 40 million shares was done
      364 words
    • 234 17 MBT PILECON ENGINEERING has about Mslso million worth of construction projects currently. Of these projects, about 80 per cent comes from overseas while the remaining 20 per cent is from the domestic market. The projects in Hongkong are worth MsBo million while those in Singapore
      MBT  -  234 words
    • COMPANY BRIEFS
      • 33 17 CEREBOS Pacific Ltd's managing director, Mr J R Bittleston, sold 51,000 shares in the company at $5.85 a share on June 16, leaving him with 11,000 shares.
        33 words
      • 38 17 DBS BANK'S wholly-owned subsidiary DBS Venture Investments Pte Ltd has increased its issued and paid-up capital from $200,948 to $204,448. with the issue of an additional 3,500 redeemable preference shares of $1 each.
        38 words
      • 44 17 DUNLOP Estates Bhd will redeem at par its 80.52 m loan stock units at B%pc interest on Sep 1. Holders of the units can present their certificates at the company's registered office from Aug 1 to Aug 31.
        44 words
      • 34 17 GENERAL Securities Investments Ltd has been informed that Updyke Associates has bought a further 285,000 shares in GSI, giving it a total holding of 3.7 m shares.
        34 words
      • 42 17 LANDMARKS Holdings Bhd's substantial shareholder Peremba Bhd has disposed of 18.38 m Landmarks shares to Peremba Marsec Sdn Bhd. Peremba Bhd is no longer a substantial shareholder in Landmarks while Peremba Marsec holds 60.38 m shares.
        42 words
    • 996 17 Current Ex •oaks Ml Total tor Total tor payment data dost payaMe toe year laet year ABN 13*% May 3 NYA NYA 27% 27% A Enterprise! 6%IW Jun 3 Jun 17 Jul 4 10% 5% Acme l%TE(b) Jun 17 Jun 29 Jul 30 1%TE l%TE Amcol '0% May
      996 words
    • 257 17  -  By ELAINE KOH DAH YUNG Investment Ltd has said that it will actually make a surplus of $143,868 from the sale of Medical Laboratory (Pte) Ltd, which it bought for $5.16 million in 1984. The gas manufacturing and trading group recently entered
      257 words
    • 460 17  - F N expected to propose rights and bonus issues RIGHTS AT $6 EACH, BONUS OF ONE-FOR-10 LIKELY By CORRINA LIM SOFT DRINKS manufacturing giant Fraser Neave Ltd is proposing a one-for-five rights issue at about $6 per share, plus a token bonus issue as a sweetener, to finance a number
      460 words
    • 205 17 Bernama MCB HOLDINGS Bhd has entered into an agreement to acquire a property-based company, Imperon Holdings Sdn Bhd, for M 53.5 million. While increasing MCB's land bank for property development, Imperon was projected to generate an after-tax profit of about M
      Bernama  -  205 words
  • Page 17 Advertisements
    • 815 17 National Australia Bank Limited Registered Office: 500 Bourke Street. Melbourne, Victoria, Australia. Balance Sheet as at September 30, 1987 National Australia Bank Limited and subsidiary companies. Statement of Profit and Loss for year ended September 30, 1987 Holding Holding (All amounts are expressed in Australian currency unless otherwise stated Notes
      815 words

  • REGIONAL MARKETS
    • 190 18 Reuter ELDERS RESOURCES NZFP Ltd said its sharply lower net profit for the year to March 31 was due to extraordinary items and changes in tax treatment. However, the company said 1988/89 had started well and results were likely to be better this year. The
      Reuter  -  190 words
    • 84 18 Reuter MINEBEA Co Ltd affiliate Actus Corp of Tokyo plans to boost furniture sales in Japan and Australia and start selling in North America by opening more franchised outlets, an Actus spokesman said yesterday. Actus, 90 per centowned by Minebea. sells European-style furniture developed by its
      Reuter  -  84 words
    • 4270 18 SPECULATIVE BUYING continued to give a boost to the Kuala Lumpur stock market yesterday, enabling share prices to rise for the fifth consecutive session in active trading. A dealer said there was some nibbling at blue chips but activity was again concentrated on second and third
      4,270 words
    • 1418 18 Hongkong HONGKONG share prices cloeed fractionally higher yesterday aa prom-taking pared early gains, following declines in Tokyo, brokers said. The Hang Seng Index cloeed at 2,719.06 and the broader baaed Hong Kong Index at 1,800.07. Turnover was HKSI.7S billion. "What happened today was purely profit-taking, and we're
      1,418 words
    • 105 18 JUM m WON Kal ***** -300 ***** 100 ***** 100 ***** -400 ***** •1200 ***** -1000 •200 ***** -800 ***** -400 Oaiahin SKurtttM Dong Ah Phar ***** ***** -300 ISO Oriental B imfy.... ***** ***** 500 -700 Dong Soft Stock Dongbu Staai ***** •700 -im Pacific Chamtcal. ***** *****
      105 words
    • 437 18 Reuter TOKYO share price* clOMd down sharply yesterday in heavy trade for the first time in six sessions, as brokers expressed fears of inflation and rising worldwide interest rates. The Nikkei Index fell 203.43 points, or 0.71 per cent, to 28,139.03. Last Friday, It rose 196.14 to a record
      Reuter  -  437 words
    • 410 18 Reuter SURGING base metal and gold bullion price* lifted the Australian share market yeeterday to its highset level since the October share market crash. The rise was fuelled by gotd and reeource stocks, attractive to overseas buyers because of higher international metal pricee and the strsngth of the Auetralian
      Reuter  -  410 words
    • 165 18 Reuter THE SECURITIES Exchange of Thailand Index fell 0.89 to 459.29 on a turnover of 6,508,191 share* worth 701.73 million baht. Reuter JUNK BAHT Ao Kham Thai 394 4-4 n vaatTTian 1. 466 -4 Bangkok Agro-tnd... 139 -1 Bangkok Bank. .329 2 Bank Of Ayudhya.... CharoongThai Win 366 1
      Reuter  -  165 words
    • 243 18 Koltn 54 00 -05 JUNK 30 All Stnc*r« Indus iff 710 0.2 5.5 -3 -11 unch -1 06 •1 5 Kuochan Oav Laa Chang Yuan Cham Indua. Uan Hwa Indua 65 50 66 50 60 50 0.5 -2 -2 Nan Ya Plaa 95 50 -2.5 Chang Hwi Bank Chang
      243 words
    • 46 18 JUM t» WO» +b Martoaat Ortantal B 0 042 uncti Ei^rgg >01 +0.I 044 0.I H +1J Baguto Gold BMlcP«oi«gm Banguat Con Fir* PNI HUgr < Lapanto < Marcoppar San Migual B. 200 +2 r i ""txzu, s r -T. >5 iio, ar 00 "*--V 0.015 uncti >
      46 words
  • Page 18 Advertisements
    • 688 18 NOTICES THE COMPANIES ACT, CAP. 90 ATLAS COMPUTER SUPPLIES PTE LTD (In Liquidation) At a general meeting of ATLAS COMPUTER SUPPLIES PTE LTD duly convened and held on the 18th day of June. 1988 the following special and ordinary resolutions were passed: SPECIAL RESOLUTION That the company be wound up
      688 words
    • 813 18 In the Matter of The Companies Act, Cap. 50 and ART FURNITURE DEPOT (PTE) LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court, #04-15, Singapore 0617 on Monday, the 20th day of June 1968 at 10 a.m.
      813 words
    • 159 18 In the Matter of THE COMPANIES ACT (CHAPTER 50.) AND In the Matter of PREROGATIVE PTE LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Chapter 50. the final meeting of the members of the Company will
      159 words

  • INTERNATIONAL COMPANY NEWS
    • 522 19 NYT BETWEEN AN INDUSTRY like retailing that loves self-promotion and a Wall Street that has learned to be cautious, even the most glowing example of success can have a difficult time finding recognition. Such is apparently the case with Wal-Mart Stores Inc, unarguably
      NYT  -  522 words
    • 324 19 Reuter TRUSTHOUSE FORTE PLC chairman Lord Forte has urged shareholders of Savoy Hotel PLC to oppose a Savoy board resolution asking them to vote to stop a THF action to cancel a block of Savoy shares. In May 1987, Trusthouse Forte embarked on litigation to seek
      Reuter  -  324 words
    • 411 19 NYT AMERICAN City Business Journals, the nation's largest publisher of business newspapers, has filed suit against the former publisher of its Cincinnati paper, charging that he planned his breakaway publication while still working for the company. The executive said the lawsuit is nothing but naked
      NYT  -  411 words
    • 786 19 Investment house intent on proving its innocence FT "WHY DO PEOPLE continue to deal with us if they're reading such dreadful things about us in the newspapers?" asks Robert Linton, chairman of Drexel Burnham Lambert, the Wall Street investment house whose name
      FT  -  786 words
    • 453 19 NYT WITH FOREIGN, institutional and individual investors largely on the sidelines, corporate takeovers and stock buybacks have become an especially important prop to the New York stock market since the October crash, market strategists say. The market would have been lots, lots lower without
      NYT  -  453 words
    • 94 19 Reuter HONGKONQ's government is examining the sale of ATV Ltd, one of the colony's two television stations, to see if the transaction complies with licence regulations. Parent company ATV Holdings Ltd said on Sunday that it sold the station to Thomond Investment Ltd, comprising New
      Reuter  -  94 words
    • 281 19 Managers' prices for June 21 Jopon Gr Fund 1*0 Shenton Thrift Fund 0445 1*5 0 845 Singapore 1 The Coil—re* The Sovingi Fund Spore frog Fund Unit Trust 100 1 07* 0*7 093 043 Oil UOB Management Unifund 092 Unibond 01 092 1005 S'pore W Fund 069 074
      281 words
    • 4502 19 810 and otter price# officially list ad and business in and re- ported to the Stock Exchange of Singapore yesterday with tha number of sharea traded shown i in brackets in lots of 1,000 units I unJeas otherwise specified. All f Time Settlement Contracts are
      4,502 words
  • Page 19 Advertisements
    • 61 19 BANK OF INDIA (London Branch) U.S. $20,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATE OF DEPOSIT DUE 21 ST DECEMBER, 1988 In accordance with the provisions of the Certificates, notice is hereby given that for the interest period from 21st June 1988 to 21st December 1968, the Certificates will carry an
      61 words

  • 603 20  -  Need for consensus, BG tells students at seminar By MARTIN SOONG SINGAPORE will grow from strength to strength if the younger generation can remember the lessons learned from the Republic's tumultuous early years of nationhood, and add to them knowledge gained from their own experiences,
    603 words
  • 392 20 SINGAPORE'S youth are generally preoccupied with personal and immediate concerns examinations, starting adult life, and getting along with parents and the opposite sex. According to an unpublished Community Development Ministry study referred to yesterday by Trade and Industry Minister Brigadier-General (Res) Lee HBien
    392 words
  • 125 20 AFP HONGKONG will host a regional conference on the industrial development of Asia s "four dragons" or newly-industrialised countries (NICs). The organiser. Hongkong Association for the Advancement of Science and Technology, said yesterday government advisers and leading industrialists from Singapore. South
    AFP  -  125 words
  • 466 20 Reuter, AFP A COCKTAIL PARTY' to settle the nine-year conflict in Kampuchea will take place even if the hardline Khmer Rouge refuses to attend, according to Vietnamese Foreign Minister Nguyen Co Thach in Bangkok yesterday. Mr Thach confirmed that an
    Reuter,; AFP  -  466 words
  • 187 20 AFP SOUTH KOREA is preparing to double special loans designed to encourage domestic companies to shift production overseas, particularly to the US and South-east Asia. According to an official of Seoul's Trade and Industry Ministry yesterday, selected companies will be encouraged to shift
    AFP  -  187 words
  • 305 20 BernamaUNS A UNITED NATIONS expert scientific committee has released a report confirming that monosodium glutamate (MSG) is safe. After considering the report, the Joint Expert Committee on Food Additives (Jecfa) decided to remove the existing limitation on MSG which specifies that a person
    Bernama- UNS  -  305 words
  • 463 20  -  By TONG SUIT CHEE THREE CLUBS owned and run by the Singapore Sports Council (SSC) will go private on the first of next month. The three clubs, SSC Changi Swimming Club, SSC Changi Sailing Club and SSC Seletar Country Club, will be
    463 words
  • 313 20 ALTHOUGH most basic construction materials have seen a decline in demand, their prices have remained stable, except for granite and sawn timber. The decline in demand is consistent with the level of construction activity in the first quarter of the year, writes research officer Linda
    313 words
  • 95 20 COMEX gold futures yesterday hovered unchanged on light two-way dealings in the first hour as traders looked for clues on the opening of the trendsetting CBT grain markets. August gold was unchanged at U*****.30 an ounce after setting a narrow range of U*****.60 to U*****.60. Comex
    95 words
  • LATE FILE
    • 37 20 Reuter THAILAND yesterday kicked off a general election campaign likely to bring Prime Minister Prem Tinsulanonda back to power, with 4,000 candidates expected to contend for 357 parliamentary seats in the July poll.
      Reuter  -  37 words
    • 53 20 AP SOUTH KOREAN President Roh Tae-Woo yesterday ordered all government functions to be turned into an "emergency set-up" to help ensure the safety of the Olympics. He warned aides in Seoul that anti-government and anti-South Korea ideological groups were bent on disrupting the Olympics opening
      AP  -  53 words
    • 36 20 AP PROLONGED labour disputes at South Korea's largest car maker and three other major industrial plants ended yesterday as union leaders called off strikes after agreement with management on wage increases. AP
      AP  -  36 words
    • 47 20 AFP INDONESIA will limit permits for foreign fishing operations in its Exclusive Economic Zone to develop its own fishing industry, Agriculture Minister Wardoyo said in Jakarta yesterday. Permits for foreign fishing operations will soon be limited to those using line nets. AFP
      AFP  -  47 words
    • 41 20 AP CHINA and Canada yesterday signed an agreement in Beijing for further studies of a proposed hydroelectric dam on the Yangtze River that would be the largest in the world. The dam would cost US$ll billion. AP
      AP  -  41 words
    • 70 20 Bernama MALAYSIA'S Attorney-Gener-al said yesterday that the government will not object to an application by suspended Lord President Salleh Abas for a Queen's Counsel to represent him at a tribunal on his alleged misconduct. At-torney-General Abu Talib Othman said he had instructed
      Bernama  -  70 words
    • 59 20 Reuter CHINA yesterday asked the US for trad* concessions, saying America could get a bigger share of the Chineee market if it agreed. The Economic Information newspaper in Beijing said the US should give China special tariff treatment under its Generalised System of Preferences, and
      Reuter  -  59 words
  • Page 20 Advertisements
    • 177 20 Country Risk Report MALAYSIA and SINGAPORE Our latest 70-page report is an invaluable strategic planning tool that will help you to identify, evaluate and minimize medium-term business risks in both Malaysia and Singapore. Available now at Ss2oo per copy. TO order or request for more information, contact Brace Gale at
      177 words
    • 26 20 Sm page 4 Are you a born manager? So's Clinique's Hair Gel. r wuo A £>/ U* 0/ Ci A/ c A CLINIQUE SKIN SUPPLIES FOR MEN
      26 words

  • SHIPPING TIMES
    • 371 21  -  By LILIAN ANG SINGAPORE'S chances of becoming a top bunkering port in the 1990s is influenced by outside constraints that could make that ambition difficult to achieve, said Dr Helmut Sohmen, a member of the panel of advisers to the Singapore
      371 words
    • 312 21 Lloyd's List LEADING Japanese trading group Mitsui and Co plans to expand fleet operations from 50 to 100 vessels. It has set up a new company to take over the 50 vessels already handled by the group's ship projects division for owners
      Lloyd's List  -  312 words
    • 189 21 Reuter INDIAN LABOUR leaders said they were working with the government to avert an indefinite strike by more than 300,000 port and dock workers at India's 10 major ports, scheduled to start at midnight today. They said that four major unions had reached
      Reuter  -  189 words
    • PORTSIDES
      • 90 21 First Harrisons Crosfield meeting HARRISONS Crosfield held its first regional meeting in Singapore last week It was attended by 20 senior shipping executives from 11 offices in Taiwan, Sabah, Brunei. Sarawak, Peninsular Malaysia and Singapore. Participants at the two-day meet discussed about the quality of service and development of the
        90 words
    • 163 22 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf. Straits ports/Australia. Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 117 22 AP A CREWMAN from the Queen Elizabeth 2 was airlifted off the ship with stab wounds on Sunday, and police detectives from the Channel port of Plymouth were investigating the case, police said. The unidentified Filipino crewman in his 30s was taken
      AP  -  117 words
    • 294 22 KEPPEL SHIPYARD has completed a $7 million contract to repair a missile damaged tanker from Einarramussen Ship Management. The 221,070-dwt Mia Margrethe was severely damaged by missile attack and gunfire while trading in the Persian Gulf. It suffered a second mishap when it was hit
      294 words
    • 217 22 CargoNews Asia WORK is underway to complete the new Thai deepsea port of Songkhla which is scheduled to open in August. The building of this new port has the special attention of Prime Minister Prem Tinsulanonda because Songkhla is his birthtown and he
      CargoNews Asia  -  217 words
    • 779 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrans VII 3 American Tpt 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
      779 words
    • 414 22 UPI EVERGREEN shipping lines, facing a multi-million-dollar US fine for Jamaican marijuana hidden in cargoes, said it would end service from the Caribbean nation to the United States in mid-July. "The primary reason for (the) decision was the ongoing drugsmuggling problems at the transshipment
      UPI  -  414 words
    • 77 22 INDUSTRIAL unrest at the Korean Samsung Shipyard delayed delivery of the 2,505-TEU CGM container ship, La Peruse. It also held up the commissioning of four 35.000-tonne products carriers which Samsung is building for Kuwait. Work at the Korean yard came to a standstill after
      77 words
    • 394 23 CARGO consolidators in Hongkong are up in arms over a planned rate increase by the Transpacific Westbound Rate Agreement. The 13 members of TWRA have proposed to raise FAK rates on July 1 by up to 41 per cent in order to
      394 words
    • 234 23 Seatrade Week THE US Federal Maritime Commission has decided to postpone action on establishment of an automated tariff filing system. The commission had hoped to begin the bidding process among computer firms this summer, but opposition to the plan from private firms offering
      Seatrade Week  -  234 words
    • 65 23 THE IRAQI state establishment for maritime transportation made a profit of US$BO million in 1967. Earlier this month, the establishment inaugurated a new maritime line linking the Jordanian Red Sea port of Aqaba with North and South America. An official source said two new cargo ships.
      65 words
    • 173 23 A NEW initiative has been made to set up an international association of ship managers to impose high standards on the industry. Mr Erik Kruse, president of Barber International of Oslo said such an association was needed to reflect the growing importance of
      173 words
    • 188 23 Reuter THE ARAB League s maritime organisation urged member states to adopt a long-term strategy for expanding their merchant fleets. The Arab Academy of Maritime Transport reported that Arab vessels were transporting only between 3 and 3.5 per cent of total
      Reuter  -  188 words
    • 302 23 AFP THE TANKER market enjoyed an improved pattern of enquiry over the past week, which resulted in slightly higher rates and enabled owners to cast off the mood of deep depression which had recently settled over them, London brokers E A Gibson say in their latest report. This
      AFP  -  302 words
    • 287 23 LLOYD'S Register number system, which provides permanent identification of all merchant ships in the world over 100 gross tonnage despite name, ownership and flag changes, has been adopted by the International Maritime Organisation as the basis of a new universal ship identification number scheme. The
      287 words
    • 8262 28 QQUBIDgIILB 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
      8,262 words
    • 1145 30 INDIAN charterers were again on the London shipping freights market on Friday for July grain tonnage to lift US wheat They fixed the Sunrise with 20,000 tons and the Endurance Sea with 15,000 tons at US$42 (1,000 discharge free) from the US west coast and the Acorn with
      1,145 words
  • Page 21 Advertisements
    • 837 21 TIMES STP Distributors Timet Mta/wif Croup OOCL ORIENT OVEIQEAS Co*tai*eA LINE NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING* WMI/ EXPORT ORIENTAL FORTUNE IMPO«' NEPTUNE CRYSTAL CHINA CONTAINER Agents: JAROINE SHIPPING AGENCIES (Ret No *****4/ OOK) 200 Cantonment Road #12 05 Southpoint. Singapore 0208 Tel *****11 TELEX NO RS *****
      837 words
    • 61 21 mm KEPPEL SHIPYARD has completed a $7 million contract to repair a missile damaged tanker from Einarramussen Ship Management. Page II CARGO consolidators in Hongkong are up in arms over a planned rate increase by the Tranpacific Westbound Rate Agreement. Page 111 Index to advertisers II Ships in port IX
      61 words
    • 545 21 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE THE SHORTEST DISTANCE BETWEEN WEST GERMANY AND STRAITS IS MAERSK LINE Tr*» week Arthur UMrik Closing Time CY 22/* 2300 HRE CFS 22/6
      545 words

  • Page 22 Advertisements
    • 582 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT TOKIO EXPRESS FRANKFURT EXPRESS HAMBURG EXPRESS LA SEINE BENALOER BENAVON ALSO ACCEPTING CARGO TO; ALL UK INLAND DtSTINAT P. KELANQ SOUTHAMPTON 23/6 HAMBURG I BREMERHAVEN |gj| BELFAST, DUBLIN. COPENHA6EN. AAJWUS, GOTHENBURG. MALMO. HELSINKI. OSLO. CARIBBEAN A AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING AT "KOBE
      582 words
    • 18 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. m
      18 words
    • 482 22 AmTVansAMERICAN TRANSPORT LINES, INC. NTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO ■CM HUM l±'M L'lß ciracin FJITJPJEI H L m I. 1 If.i ,1 ii >r iv BY FEEDER VESSEL T0 ATLANTA SAVANNAH. BALTIMORE. MIAMI. TAMPA. OTHER US. EAST COAST POUTS OH REQUEST AISO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA: CRISTOBAL. PUERTO CABELIO, SANTOS, RIO
      482 words

  • Page 23 Advertisements
    • 751 23 The Straits Steamship Group I*6* v Mansfield Container Shipping PteLtd STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok P&Q Containers I c NTAINERSH,p services to/from BANGKOK CONTAINER SHIP SERVICE TO UK/CONTINENT TQKJO EXPRESS IA StlUt HMMIN express BOMUCR rimfiMn MARII OSAKA BAT Abo Accepting Cargo Fofi PEGASUS PROGRESS
      751 words
    • 709 23 EUROPE TKTt SEMTM MMUMC SEIATM K« YMK SEMTM MEMtI SEJUTM wr an mm Wf IU NJ7 IF ail ZZJ7 IF in nj7 ee in an EE 114 17 M SHI 12 H sin a* SENATOR LitHE General Agent USA/PANAMA MM KM I7JI 17 M IIJI a« MM IIM MM 13M
      709 words

  • Page 24 Advertisements
    • 430 24 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore m Loading for BANDAR ABBAS JAPAN/KOREA SERVICE Singapore m Loading lor JAPAN. KOREA HI KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 30/6 LAE, PMB. RBL, HRA MICRONESIA SERVICE HK LOAD FOR OCEANIA EXPRESS V-16
      430 words
    • 792 24 JiCJifNE unit imitrmt CWMJ r/#a FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ J A Member of the Ace Consortium tlillY COMAINtRiSfD 10 (ROM NORTH AMfRICA WIS! COASi •FDR/HOTHER VESSEL TWB 42E/KOREAN WONIS JIN 7SE TWB 42E/HANJIN KWANCYANG *VL NOM 7SE/KOREAN WONIS SUN TIE NOM 7SE/HANJIN lUSAN IIE NCY 45E/KOREAN WONIS
      792 words
    • 230 24 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 4/7 NEW CALEDONIA FIJI ISLANDS NOUMEA, SUV A/LA UTOKA 10/7 PAPUA NEW GUINEA PORT AAOtESBY, RABUAL, LAE I MA DANG 26/6 A 10/7 SRI LANKA CCXOMftO 26/6 7/7 U.S.A. r <^^C^ NCW YO LOS ANGELES 28/6 5/7 CHICAGO, BOSTON,
      230 words
    • 1051 24 VJIIII 111VJ a&av&uo, IUDUdJi tiuilc 411 1700 EVERGREEN Full Container Service lound-The-World East Bound (FE/CARIB/USEC/EURQ/FE) PUS IN EVER OVEN IM m M 'S 'in IS EVER GROWTH W W 10 1$ HZ g»o v w w W w a? w EVER GLEAMY W W Z)H HP M in lm EVER
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  • Page 25 Advertisements
    • 909 25 PACIFIC INTERNATIONAL LINES AV\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE oowa ROTA EAGLE MAJAPAHfT JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVICE SIN SSY SMC M SM SM sm ait mt tut mm i/7 1/7 7/7 1/7 BfTEQRA SEA FORTUNE BANGKOK CONTAINER SERVICE BEL
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    • 403 25 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT Kaaatara H*n UH M CarMpa Bar 2/7 4/7 TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE HKC NOUMEA SUVA AJU NAP TM 23/6 ANANGEL LEAOER 9S 5/7 2/1 6/t
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    • 269 25 DJAKARTA LLOYD INDONESIAN NATIONAL LINE (A MEMBER OF ANRO) mnMrnnmEsemzmEmmi AGENTS SINGAPORE EKA JAYA AGENCIES OFFICE TEL i 343.'22 TtBMINAI *****22 MX MALAYSIA HARPER WIRA SON BHD PETAIING J*** 7*47?? PORT KELANG ****** S JMSifc. 1 PENANG *****b *****? APC LINE 1 \\(,Kl T\\ I'KKT NlH\V(i \N < ONTUNLR LINK
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    • 488 25 fill M BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) pa an vunr PAGAN VUMf Loading for Rangoon P.Kelang Penang Bangkok S2* BANK LINE FB rp HEAVY Lil T CAPARII !Ty NORTHBOUND TO UKC CLYDEBANK V23N TAMAITAI SAMOA VI3N FORTHBANK V22N SPORE RDAM HULL HMBG 29/6 24/7
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  • Page 26 Advertisements
    • 1044 26 13 KAWASAKI KISEN KAISHA, LTD. K'lini RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH N. AMERICA-ATLANTIC COAST VOY "INDO 13 19/6 VOY LB 12 14/5 •PK/PNG 'INDO N. AMERICA PACIFIC SOUTH-WEST CHICAGO NYC FEEDER VESSEL VOY TRANSWORLD BRIDGE V42E NEPTUNE CRYSTAL 45E
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    • 598 26 SJ Sj < t/}/K INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIA/JAPAN/INDIA SERVICE Accepting FCL Containers and Conventional Cargo Alao accapta Matala A Steal Products Singapore P Koiang Ponang K»*nt *or S. 0 MANIPUR V 31 ft Juno Kats/Yskshama/ ITALY/MEDITERRANEAN SERVICE Accepting Tlmtoar/Braakbulk alao FCL Containers tar Monfakont Ravonna Alio
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    • 740 26 GOLDEN LINE GUAN GUAM SHIPPING (PTE) LID Z3 Trio* Ayar Straat SINGAPORE 0104 TEL SM3M (10 LINES) Fu U43SM ILF SERVICE: fpoti P KtUng Pminf Khi Dubai/Dammam 1/9 July l»r»ct>i/Out>ac 28/29 July STRAITS/PERSIAN GULF SERVICE: *pof. p KeUnc Pen. GOLDEN WONDER K»r»chi/Dub»i/D«mmjm 1/9 July GOIOCN HAVEN 28/29 July CHINA SERVICE
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    • 453 26 1 M PHIU OniCNT UN€5 PT€ LTD l® LJ "U WIIIMB AFRO ASIA BUILDING SINGAPORE 01C6 TflfX RS ?8720 PMILI FA* *****76 EAST/FAR EAST Fa i LCI SERVICE ETA SINGAPORE DESTINATION i.iiiifffcviir'ifi JEDOAH (LCI) 9M 14/7 an. m. w »s V 7 NEW GENTRADE IMhT!! MH *7 MOMBASA DARESSALAM ASSAI.
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  • Page 27 Advertisements
    • 902 27 NEPTUNE AGENCIES PTE LTD. F Q«n«ral Enquiries: T*l: *****77 Terminal CFS BOOKINGS *****22 *****53 r X P Kelang NEPLINE SDN BHD *****17 NEPTUNE ORIENT LINES LTD IwT' NEPLINE SDN BHD ***** M FE EU/AOST TP A/SEA S: *****53 27*5742 *****1} ***** It *****11 *****40 INWARD OUTWARD ENQUIRIES *****44 FAR EAST/EUROPE
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    • 427 27 DOHA* HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG, PENANG, KEELUNG, BUSAN, INCHON Bcni w m WEF JUNE:1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE I! SERVICE!! Vaster s Name ETD BS SPO«t PKELANC KEE BUSAN HO JI No 9 DonjmAOM DM* In Port# 2S2VK 03 03/07
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    • 962 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** fENANG p KELANG MESSRS MAI THONG SHIPPING 127 Penary street. Penary Malaysia CaDfes JAYAPOH PENANG. Tel *****4
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  • Page 28 Advertisements
    • 345 28 /P. SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 30 Lines FAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD Vtß DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE RUEBELAND 5/tt W/6 U 16/7 1/1 ARKONA 5/H FAHRLAND 6/M 'VIA COLOMBO: Adapting cargo tor
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  • Page 28 Miscellaneous
    • 164 28 rr k n Regional Weather so I N 41 S? kg fi? m gS&jpfi: •L^hC c -X Wiix Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. Jun« 21, 1988 LEGEND: R Thunderstorm Temperature °C Shower Weather s-S Wind direction with speed in
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  • Page 29 Advertisements
    • 427 29 f IflCO SHIPPING COMPANY (PTE) LTD. 4o 15 Hoe Chiang Road #13-02 Sanford Building. Singapore 0208 Tel *****22 Tl* ***** FASCO !b ABC CONTAINERIZE N.V. WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: BRUSSEL 203 ETA 25/8/88 Only 7 days to Fremantle Only 12 days to Melbourne
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    • 253 29 CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fax *****15 ji 'Lii w;n CHINA, HONG KONG, BANGKOK, KEELUNG, KAOSHIUNG, KOBE, MANILA, BUSAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MELB„ KARACHI, CHITTAGONG, LEGHORN, JAKARTA, NAGOYA, GOTHENBURG. ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to
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    • 766 29 AT CONVENTIONAL WHARVES KEPPEL WHARVES All Confidence Amph.on Anbooiong Bongkot Novee Eastern Glory Equator V Fengy Huomng I Yermoshkin Inobukwa Koto Mwl.o Koto lOMO School MudOnsho* Stroits Pride Stroits Venture Sunns* Two Tronj F|Ofd Coot Bovora Global Venus Jenson II J Ch*lmon|k< Nod Borcelono Noc Tosco Ove Skou Xinhua 2
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    • 170 29 UNIPACIFIC TRANS* TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 !Q IRAQI LINE S T AM fNTfMRiSI 101 ■tHITIMI TM»S*O«' WEST BOUND SERVICE ETA S PO*E LOADING FOR 3Q£ Of Zi' fOCi THROUGH B/Li to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA A BAGHDAD REEFER SPACE
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  • Page 30 Advertisements
    • 312 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX RS ***** RS ***** IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK DBN M V PATROCLOS V7T 1/7 I*7 11/7 VI •aim cjH< E.L. ft P.E. GENERAL AGENTS: HAI SUN HUP CO. (PTE) LTD. SINGAPORE TEL: 2204J06
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    • 509 30 for reliable and fast transit WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANAOA/MEXICO AND FRENCH WEST INDIES VSI I Spore lumwt [Connecting VSI J 0 waiMtrar o. rt'lAl V2u7 27ft 14/7 NUERNBERG EXP. Riltimori Portumith JUTLANPU V 212 4(7 B/7 STUTTGART EXP. Also serving GULF Miami. Mobile. New Orleans. Houston/Meiico Vera Crui,
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    • 63 30 ss WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agem NNMN-ASU SNIPPING |S| PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SIN CHIAO SHIPPING AGENCY PTE LTD FOR BOOKINGS TEL *****81 TLX ***** NEWSHIP WTy r Tel: *****88 WEEKLY CONSOL SERVICE TO EUROPE ANTWERP 23/6, 26/6 UK
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    • 674 30 EM kmtMtm CALL US AT: TTT 1 P. KELANG 5 r PENANG J. BAHRU p. gudanc lillllliil 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 1J NaT T n-M,! j T :-I »nrr.'i Tn TO EUROPE FEEOER HIT ABC 445
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