The Business Times, 24 June 1988

Microfilm: NL16204
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, JUNE 24, ISBB 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    264 1 AFP Dow Jones lower NEW YORK stocks opened mixed yesterday morning after a strong run-up the previous session that pushed the Dow Jones Industrial Average to its highest level since the October crash. The index was off 1.00 points to 2,150.60 after one hour of trading. Losing
    AFP  -  264 words
  • Article, Illustration
    Hong Fok puts its remaining piece of Hongkong property on sale
    470 1  -  By LISA LEE THE SINGAPORE-incorporated Hong Fok Group has put up its last piece of Hongkong property, the 24-storey Fortress Tower, for sale by tender. The tender for sale was put up by Yaton Realty Co Ltd, Hong Fok's
    470 words
  • Article
    American dollar finishes mixed in Asian centres
    164 1 THE AMERICAN DOLLAR closed on a mixed note yesterday after hitting a four-month high against the Japanese yen in the Asian foreign exchange markets. The dollar's overall strength yesterday stemmed from news that the Group of Seven industrial nations, whose leaders met in
    164 words
  • Article, Illustration
    Local market rises on year's record volume
    258 1 WITH THE EXCEPTION of the Singapore market, regional stock markets closed mixed to lower yesterday. In Singapore, share prices opened on a strong note, buoyed by the 42-point overnight gain in the Dow Jones Industrial Average. Share prices, however, stagnated after the first
    258 words
  • Article
    Lock icon Govt cannot revive old Umno: Dr M
    162 1 NST THERE IS NO WAY that the old Umno could be revived as it is beyond the government's jurisdiction, Prime Minister Datuk Seri Or Mahathir Mohamed stressed yesterday. He said there had been an attempt by certain people to pressure the government into
    NST  -  162 words
  • Article, Illustration
    Lock icon Tun Salleh hearing closed to the public
    179 1 Bernama. NST THE PROCEEDINGS of the tribunal hearing the five charges against Malaysia's suspended Lord President, Tun Mohamed Salleh Abas, will be closed to the public, tribunal secretary Dr Mazlan Ahmad said in Kuala Lumpur yesterday. The proceedings, scheduled for next Monday, had
    Bernama.; NST  -  179 words
  • Article
    Lock icon Aussie miners' strike costing US$35m a day
    154 1 AP AUSTRALIA, the world's largest coal-exporting nation, is losing up to US$35 million a day in lost shipments as miners' strike gains support, according to officials in Sydney. Mine workers in northern New South Wales state coal fields voted on Wednesday to join
    AP  -  154 words
  • Article
    EDB forming unit to identify overseas opportunities
    464 1  -  Temasek, STC plan venture fund By LOH HUI YIN THE FRAMEWORK for the government's drive to get Singapore companies to invest overseas is rapidly taking shape. At the Economic Development Board, a unit is being set up to identify suitable foreign businesses in
    464 words
  • Article
    Lock icon Seoul studying NICs summit, says party
    253 1 AFP, AP SOUTH KOREA is considering a summit of newly-industrialising countries to counter pressures from this week's summit of leading industrial nations, a senior ruling party official has satd. The ruling Democratic Justice Party would consult the government on the matter before making recommendations
    AFP,; AP  -  253 words
  • Article
    Lock icon KL industry calls for economic task force
    246 1 Bernama THE MALAYSIAN industrialisation policy framework and its implementation must be further improved if the manufacturing sector is to grow dynamically in output, income and employment, the Federation of Malaysian Manufacturers (FMM) said. In a memorandum on the 1989 national budget submitted to
    Bernama  -  246 words
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      348 1 Full report, PAGE 14 Regional Mfcta, PAGE 16 World Mkts, PAGE 17 Opening India to the world INDIA, under Prime Minister Rajiv Gandhi, is pursuing a more liberal investment and trade policy than under his mother, Mrs Indira Gandhi. The result is that an increasing number of foreign investors are
      348 words
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      Page 1 Advertisements Column 3
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  • HOME NEWS
    • Article, Illustration
      Lock icon Local contractors win 93pc of public sector jobs
      559 2  -  Best quarterly performance by construction companies By TONG SUIT CHEE LOCAL CONSTRUCTION companies are standing up well against foreign contractors in the fight for public construction jobs, especially for building and civil engineering contracts. They successfully tendered for 93 per cent of
      Source: Construction Industry Development Board  -  559 words
    • Article
      Construction demand down in first quarter
      286 2 CONSTRUCTION DEMAND fell in the first three months of the year because of fewer public sector contracts. Demand dropped by 15 per cent to $823 million for the first quarter because of a 30 per cent fall in the volume of new construction contracts
      286 words
    • Article
      Demerit system against hawkers works: ministry
      232 2 THE Environment Ministry's Points Demerit System (PDS), designed to penalise errant hawkers, has worked very well, a ministry spokesman said yesterday. "No hawker has been caught so far," the spokesman said. He was speaking at a briefing to discuss the ministry's annual report. PDS,
      232 words
    • Article
      Oil pump developer seeks investors
      201 2 THE DEVELOPER of an oil pump that, it is claimed, can extract oil more cheaply and efficiently is looking for investors in a venture to produce the pump in Singapore and market it internationally. The pump was developed by Mr Jacob Griede, managing director of
      201 words
    • Article
      Offbeat SBS advertising campaign pays dividends
      172 2 THE Singapore Bus Service's recent campaign to sell advertising space by impersonating Winston Churchill has paid off, says a spokesman. Using the British leader's famous wartime speech, "Never before in the history of (advertising) ..the campaign has helped to boost revenue by 11.5 per
      172 words
    • Article, Illustration
      Indonesian armed forces chief leaves
      111 2 GENERAL Try Sutrisno, the Indonesian Armed Forces Command-er-in-Chief. leaves for home today at the end of a three-day official visit. Yesterday, he visited the Republic of Singapore Navy's base on Pulau Brani before calling on the First Deputy Prime Minister and Defence Minister, Mr Goh
      111 words
    • Article
      Long-distance MBA course
      75 2 THE CRANFIELD School of Management will be introducing a part-time two-year Master of Business Administration programme next January. KPMG Peat Marwick Management Consultants will jointly administer the course, which will be by distance learning in Singapore with the UK school. Professor Leo Murray, director of Cranfield School
      75 words
    • Article
      NTUC Income looks set to achieve year-end target of sums assured
      269 2  -  By WILLIAM CHIA INSURANCE COOPERATIVE NTUC Income has received a total of 20,077 individual life proposals for $520 million in sums assured so far this year. This represents a 35 per cent increase in proposals and 23 per cent
      269 words
    • Article, Illustration
      Our capacity to care impaired: MP
      464 2 CHANGING SOCIAL, population and labour trends produced by industrialisation and urbanisation are eroding Singapore's character as a rugged society, and diminishing its capacity to care for children, the aged, poor, and disabled. Fewer babies, smaller families, and more working women, says Changkat MP Dr
      464 words
    • Article
      New air services agreement between Singapore and Qatar
      333 3 A NEW and liberal air services agreement was reached between Singapore and Qatar after two days of talks in the Republic. Under the new bilateral agreement, designated airlines of both countries are allowed to operate between Singapore and Qatar via any intermediate
      333 words
    • Article
      The writing on the designer label
      408 3 YOU NAME IT, Singapore is likely to have it. From Anne Klein, Burberry, Chanel, Ferragamo, Givenchy and Hugo Boss to Louis Feraud, Kenzo, Valentino and Yves St Laurent. These are but just a few designer labels which are attracting not only the cash-rich Japanese
      408 words
    • Article
      Kodak chemicals division growing in region
      350 3 KODAK EASTMAN'S chemicals division, which has its regional office in Singapore, is fast expanding in the region. It will shortly set up offices in Bombay, India and South Korea. The marketing manager of Eastman Chemical International Ltd (ECU), Mr Paul AM Barij. told BT
      350 words
    • Article, Illustration
      Harbour cruises: $30, $1,300, or $30,000
      394 3 HARBOUR CRUISES are fun. And you do have a choice from chartered trips ranging from $1,300 a day for a 12-seater yacht to $30,000 for a 250-seat luxurious catamaran. Not all the cruises to the southern islands and around Singapore from Clifford Pier, organised
      394 words
    • Article
      TDB chief urges industry to spurn protectionism
      313 3 INTERNATIONAL APPAREL FEDERATION CONFERENCE INSTEAD OF HIDING BEHIND protectionism, the apparel industry should improve and upgrade its operations to face the new challenges of the global marketplace, according to the Trade Development Board chairman. Speaking at the annual conference of the International Apparel
      313 words
    • Article, Illustration
      Lock icon Local garment exports expected to grow 10pc
      397 3  -  By TIANG PEK YIN GARMENT EXPORTS are expected to grow by about 10 per cent this year after last year's sterling jump of 40 per cent, according to the president of a textile and garment grouping. And unlike last year, which saw a
      Source: Department of Statistics  -  397 words
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      80 words
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      23 2 Do real men exfoliate? You bet! It wakes up the skin and better looks. Ask Clinique. c 0 CLINIQUE SKIN SUPPLIES FOR MEN
      23 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      85 2 /s/S'J. 11V//// Max/ Not* Montreal Moscow Nassau Now Dolhi Now York Nicosia Oslo Paris Porlh Rio 'Jonoiro Homo Son Fris'co San Juan Santiogo Soo Paulo S+oul Stockholm Sydnoy Tolpoi Tokyo Toronto Voncouvor VIoorKJ Warsaw Washington 28/14 Cloudy 15/27 Rain 31/24 Cloudy 31/24 Cloar 32/16 Cloudy 35/19 Cloar 27/15 Cloar 26/17
      85 words
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  • OVERSEAS
    • Article
      Lock icon EC wants South Korea excluded from GSP
      362 4 Seoul discriminates against European patents Agencies THE European Commission on Wednesday proposed to keep South Korea excluded from the Generalised System of Preferences (GSP), because Seoul has refused to extend the same protection it accords US intellectual property to European patents and copyrights.
      Agencies  -  362 words
    • Article, Illustration
      Lock icon Hawke urges US to push for freer world trade
      368 4 AP AUSTRALIAN Prime Minister Bob Hawke says the next president of the United States must resist the temptation to reduce US global leadership and should aggressively seek freer trade worldwide. "I say to whoever is the next President of the United
      AP  -  368 words
    • Article
      Lock icon Reagan makes plea for liberalisation
      166 4 AFP US PRESIDENT Ronald Reagan on Wednesday hailed the global trend towards increased free market orientation and coordination by the world's leading economic powers and urged his successor to continue pushing for freer markets. "We must leave whatever part of our agenda is unfinished to
      AFP  -  166 words
    • Article
      Lock icon Baker keeps up pressure on Asia to cut trade surplus
      252 4 Reuter US TREASURY Secretary James Baker on Wednesday kept up pressure on the Four Dragons' of Asia to cut their trade surpluses, warning that their reluctance to import posed a serious threat to global trade. In a post-summit speech to
      Reuter  -  252 words
    • Article
      Lock icon Takeshita pledges to cut Tokyo's trade surplus
      404 4 Reuter JAPAN will continue to make efforts to cut its trade surplus by boosting imports and opening up markets further, according to Prime Minister Noboru Takeshita in Chicago on Wednesday. In a speech prepared for delivery at a banquet sponsored by the Japan-America
      Reuter  -  404 words
    • Article
      Lock icon Japanese business wants change to tax reform plan
      263 4 Reuter JAPANESE Prime Minister Noboru Takeshita's much heralded tax reform plans are already running into trouble, only days after they were officially announced. A leading Japanese businessman called on Wednesday for major changes in the tax programme and said the package, which
      Reuter  -  263 words
    • Article
      Lock icon Soviet minister seeks radical action to regulate world trade
      267 4 Reuter DEPUTY Soviet Foreign Minister Viktor Komplektov called on Wednesday for radical changes in the regulation of international trade and business. He told an East-West conference in Budapest entitled "Doing business with Eastern Europe" that he was concerned about the impact
      Reuter  -  267 words
    • Article
      Lock icon China to maintain tension on Vietnamese border
      386 4 FT CHINESE FORCES will maintain the tension on the troubled Sino-Vietnamese border, in spite of Hanoi's proposed withdrawal of 50,000 troops from Cambodia, a senior Chinese Foreign Ministry official said in the strategic southern city of Kunming. Mr Lu Zhengling, director of border
      FT  -  386 words
    • Article
      Lock icon 'New Beijing stand on India'
      80 4 AFP CHINA wants to settle all bilateral problems with India peacefully, an Indian communist leader said on Wednesday after leading a delegation to China The Press Trust of India quoted Jyoti Basu. leader of the Communist Party of India-Marxist, as saying in Calcutta that Chinese
      AFP  -  80 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      996 4 ARRIVALS Operator Service Local From number time SU SQ11 0040 LAX/NRT UA UA805 0045 SFO/HKG JAl JL615 0240 TYO MAS MH640 0820 KIA SU SQ43 083S DHA MAS MH651 0910 PEN KAL KE697 0910 SEL/MNl FLIGHT. N172FE 0915 CXI WAYS MAS MH630 0920 KUL SU SQ103 0950
      996 words
    • Article
      Lock icon US durable goods orders drop a sharp 2.2pc
      303 5 Reuter NEW ORDERS for expensive manufactured goods recorded their sharpest drop in nine months in May, the US government said on Wednesday in a report that apparently missed several already announced aircraft orders. Economists blamed the drop entirely on the delayed arrival
      Reuter  -  303 words
    • Article
      Lock icon House allots US$10.7b to Nasa
      135 5 AP THE US House of Representatives voted on Wednesday to appropriate US$lO.7 billion to run the National Aeronautics and Space Administration next year. The measure still must pass the Senate, whose appropriations committee on Wednesday also voted US$lO.7 billion for the space agency. The Senate
      AP  -  135 words
    • Article
      Lock icon Philippine army overruns Red training camp
      226 5 Reuter A MILITARY strike force attacked and overran a communist rebel training camp in the northern Philippines, killing 15 guerillas and capturing three. A military report yesterday said the six-hectare camp, believed to be the biggest New People's Army (NPA) camp on Luzon island.
      Reuter  -  226 words
    • Article
      Lock icon Prospect of meeting deficit target dims
      177 5 AP THE PROSPECTS that the US government will be able to meet its U*****.7 billion deficit goal for the fiscal year are growing dimmer. The Treasury Department said on Tuesday that personal income-tax collections picked up in May after the April revenue flow lagged.
      AP  -  177 words
    • Article
      Lock icon Manila proposes US$229b budget
      196 5 AFP THE GOVERNMENT of President Corazon Aquino on Wednesday proposed to Congress a U*****.9 billion national budget for 1989, of which 42.7 per cent would be for payments on local and foreign debt. Budget Under-Secretary Benjamin Diokno told the Senate Finance Committee that debt amortisation would
      AFP  -  196 words
    • Article
      Lock icon Vietnam's new premier to continue with reforms
      302 5 AP VIETNAM'S new Prime Minister Do Muoi has pledged to continue Western-style economic reforms to halt critical problems, including food shortages which the government admits was aggravated by indecisiveness and lack of planning. An official Radio Hanoi report yesterday quoted Do Muoi as
      AP  -  302 words
    • Article
      Lock icon Soviets expel two Canadian envoys, bar three ex-staff
      372 5 AFP THE SOVIET UNION, acting swiftly in response to Canada's expulsion of Soviet diplomats, yesterday ordered two Canadian diplomats to leave within three days, and declared that three former Canadian embassy staff would be barred from returning to the country. The Soviet
      AFP  -  372 words
    • Article
      Lock icon Thatcher speech provokes uproar in Canada
      233 5 Reuter BRITISH PRIME MINISTER Margaret Thatcher was accused of interfering in Canada's domestic affairs on Wednesday amid a parliamentary storm in Ottawa over a speech in which she backed a proposed Canadian-US free trade deal. Mrs Thatcher, stopping in the Canadian capital for the
      Reuter  -  233 words
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      220 words
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      39 4 I I II \I I If II I The business parson's chotce every I A \l 7\ 1 1 -I—S hours end orriving Heathrow early the folk)wing morning Col your Travel Agent or Air Canoda at *****55 AIR CANADA <$)
      39 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      70 4 Doonesbury LOOK, KIP, MOST OF US WRE GUILTY OF NOTHING MORS THAN CAPITALISTIC teal. hul, rr uiqsnt until RECENTLY THAT INSIPER WAVING WAS BVBN CONSIPEFEPA CRIME! TT UJASMEN LI KB US WHO WON THEcolo i/uari amnesty UJAS THE LEAST UJEPESEMEPi fltm/ u sa m BY GARRY TRUDEAU YEAH, BUT UJHAT
      70 words
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      133 5 (FULL/PART TIME COURSES) 3 AEB LL.B Intakes: July/Sept. Secure an LL B in Singapore Earn this prestigious degree from the University of London At Stamford, you'll enjoy the best tutorial resource! the most advanced teaching methods and the expertise of distinguished law tutors for the entire programme Entry Requirements: 2
      133 words
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      245 5 mm Vi <# FOURTH/SIXTH AVENUE FIRST/THIRD AVENUE *-54 <> r-4 y ti&Zlt* X. •/j& <<f±F s *Sk!' -t? iiw"..** ■::-L TWsS 33* ssr' £P QUEEN ASTRID PARK f ASTRID J, s*Sv*v BELMONT PARK H *3? .aw M LEEDON PARK OEI TIONG HAM PARK CORNWALL GARDENS bos u f rfA i:
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      1321 6 Reuter Reuter SINGAPORE: The market turned mixed yesterday after falling from a four-month high on heavy profit-taking and fear of central bank intervention, dealers said. The dollar fell to 128.75/85 yen from New York's 128.90/95 but rose to 1.7860/70 marks from 1.7815/20. "Heavy selling caused operators to become
      Reuter  -  1,321 words
    • Article
      Lock icon IMM
      172 6 Reuter IMM currency futures closed sharply lower on Wednesday and near session lows on selling spurred by ideas that the G-7 nations will permit the dollar to rise further, at least temporarily, traders said. This view was supported by comments from West German finance minister Gerhard Stoltenberg and Bank
      Reuter  -  172 words
    • Article
      Comex gold/silver futures
      179 6 Gold futures on June 22 100 troy ounces. US$ per troy ounce Opart High Low SoWo Mm 448 40 449.50 447.60 449.50 •2.30 M 450.00 -2.40 Aug 452.00 453.40 450.60 453.00 -2.40 Oct 457.00 458.30 455.80 458.30 -2.50 OK 442.50 464.00 461.00 463.60 •2.60 Fab 89 469.00
      179 words
    • Article
      Lock icon Asian $ market
      245 6 Asian market Reuter ASIAN DOLLAR deposit rates yesterday ended unchanged in quiet trading from the morning when they registered an overall 1/16 point drop, dealers said. Overnight and period rates fell because of the surge of the dollar and soaring US treasury bond prices. "Keen Japanese buying interest for the
      Reuter  -  245 words
    • Article
      Government securities market
      88 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity bid OFFER HIGH LOW 3 months &Q*****H 22.09.88 3.78 3.73 3.76 3.73 6 months BY*****T 24.11.88 3.80 3.75 3.74 3.74 1 yeor BY*****Z 23.3.89 3.80 3.75 3.83 3.80 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      88 words
    • Article, Illustration
      World interest rates
      191 6 Indicate* the average of the prime lending ratea of 12 major banfca In S pore Average of prime or equivalent j lending rate on June 23 1 London 90% Hongkong 8.0 New York 9.00 Bangkok 11.5 Tokyo 3.375 Jakarta 23 Zurich* 4.5 Kuala lumpor 7.5 Fronkfurt* 45%
      191 words
    • Article
      Money markets
      59 6 THE OVERNIGHT rate on the Singapore money market fell V 4 to 3% per cent yesterday. One month was unchanged; two and three months was not availabe. S$ Interbank rates at the close yesterday: OWH MO Ownigh. 3 5/0 3 1/2 1 -wii* 4 3 7/t 2-«on* rn.
      59 words
    • Article
      Simex
      462 6 SEPTEMBER EURODOLLAR futures opened 9 ticks higher at 92.11 and traded higher initially to the high of 92.14 on carry-over buying interests from the Chicago session due to a stronger US dollar. After hitting the high, the market was sold off on profit-taking as the dollar backed off from
      462 words
    • Article
      Options
      1510 6 CURRENCY FUTURES OPTIONS Thursday, June 23, 1988 DCUTSCHEMARK (SMMEX) Jul NM 88 carta Low Sad Jul Htgh 88 puto Low Sea 8SS3S 1 1 1 1 1 72A 5A 67 4 3 CAS 668 1528 2548 3548 124 71 152 259 359 Aug M* Lew See Aug Mgti 88
      1,510 words
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  • BANKING AND FINANCE
    • Article
      Lock icon M'sia plans M$2.9b issue
      82 7 Reuter THE MALAYSIAN government has planned a second domestic loan issue of M 52.85 billion, a Treasury statement has said. The issue will comprise MsBso million of 10-year stock with a coupon of 6 per cent, Msl billion 11-year stock at 6.1 per cent and another
      Reuter  -  82 words
    • Article
      Lock icon World Bank body to start operations soon
      113 7 AFP THE MULTILATERAL Investment Guarantee Agency (Miga), which was created by the World Bank to promote investment in the Third World, will begin operating in the next few months despite the reported reluctance of certain Latin American countries. Miga's board of directors has
      AFP  -  113 words
    • Article
      Lock icon Bank of New York says Irving uses delaying tactic
      322 7 NYT BANK OF NEW YORK executives, disappointed with Irving Bank's inconclusive response to its revised merger offer, said on Wednesday that the conditions outlined by Irving late on Tuesday were yet another tactic intended to prevent the takeover. "There was no
      NYT  -  322 words
    • Article, Illustration
      Lock icon UK rates underline inflation fears
      513 7 FT UK CHANCELLOR Nigel Lawson usually likes to take financial markets by surprise when he raises interest rates. Wednesday's move, however, was presented by the UK Treasury in terms of "validating" the markets' desire for higher interest rates. In doing so, the Treasury implicitly acknowledged
      FT  -  513 words
    • Article
      Lock icon West German subsidiary for Fuji Bank
      102 7 AFP FUJI BANK of Japan has launched a subsidiary in West Germany, Fuji Bank Deutschland, the bank announced on Wednesday. Fuji said that the Frank-furt-based subsidiary would concentrate mainly on securities transactions, but was expected to grow into a general bank offering a wide
      AFP  -  102 words
    • Article
      Lock icon Mexico will not declare moratorium on foreign debt
      373 7 UPI MEXICAN OFFICIALS, countering financiers' widespread speculations, said on Wednesday that Mexico would not declare a moratorium on its US$lO3 billion foreign debt but would seek to renegotiate it. Finance Ministry spokesman Rene Ortega said that "Mexico does not regard a moratorium
      UPI  -  373 words
    • Article
      Lock icon US bank wins Saudi debt case
      224 7 Reuter A US BANK has won an 18month court battle against a major Saudi trading firm, raising bankers' hopes of a tougher line against corporate debtors in Saudi Arabia. The court case, filed in Jeddah by Chemical Bank against Al-Sayed Abdullah Mohammed Baroom, was
      Reuter  -  224 words
    • Article
      Lock icon Brazil's accord with creditors wins praise
      785 7 NYT THE AGREEMENT between Brazil and its foreign creditor banks to reduce sharply the interest Brazil pays on more than US$6O billion of debt and to provide it with US$5.2 billion in new loans has been described as innovative and significant by a number
      NYT  -  785 words
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      Page 7 Advertisements Column 1
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      51 words
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      173 7 Ltadcr, Pag* 10 rJ IBS^*&s• vV*'■%'* V S: -V. ,iC w •a V V m ■7 ".^ssiss -syir-jr QUALff* First Floppy With Teflon TM protects your data from everyday hazards of office life. j m i J c j DataLifePlus Now, coffee spills, fingerprint smudges and lipstick smears are a
      173 words
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  • COMMODITIES
    • Article
      Lock icon Tropical oils bill likely to get further hearing
      583 8 Bernama THE TROPICAL OILS Labelling Bill, heard by a US House subcommittee on health and the environment on Tuesday, is likely be heard in the main committee for further hearing. The proposed bill, introduced by Congressman Dan Glickman, is likely be moved
      Bernama  -  583 words
    • Article
      Lock icon S African gold and coal mining wage talks break down
      331 8 UPI GOLD AND COAL mineworkers who last year held out for three weeks in a bitter and unprecedented wage strike have rejected new pay offers, triggering a formal industrial dispute in South Africa. "We are sorry to announce that the
      UPI  -  331 words
    • Article
      Lock icon Bid to use synthetic seed for rice output
      134 8 Reuter KIRIN BREWERY and Cali-fornia-based Plant Genetics Inc have developed a synthetic seed cultivation method suitable for mass production of hybrid vegetables and rice. A Kirin spokesman said on Wednesday the development was a major step towards applying synthetic seed production for
      Reuter  -  134 words
    • Article
      Lock icon Bangkok-KL rice deal signed
      95 8 AFP THE THAI Commerce Department has concluded a deal to sell 84,000 tonnes of rice worth about US$24 million to Malaysia. According to the stateowned Thai News Agency on Tuesday, the agreement was signed in Malaysia last Saturday. The agency quoted director general of the For-
      AFP  -  95 words
    • Article
      RAS and MRELB
      275 8 RAS prices In 8 OMMg, FOB In beta m NOON CLOSE Buyers Sellers tuyors Sellen ln» 1 RSS Prompt 273.50 275.50N 264.00 266.00N Int 1 RSS My 88 273.00 275.00N 264.00 266.00 Int 1 RSS August 273.50 274JO 264JO 266.50 Int 2 RSS Of 271 JO 273J0N
      275 words
    • Article
      Lock icon Soybean
      176 8 Reuter SOYBEAN FUTURES closed mixed on the Chicago Board of Trade on Wednesday, 8 cents higher to 11 cents lower. July and August set new contract highs after recovering from nervous profit taking sparked by forecasts of rain in parts of the Midwest grain belt. Spot July ended eight
      Reuter  -  176 words
    • Article
      Lock icon Wheat
      146 8 Reuter WHEAT closed mixed amid harvest pressure on the Chicago Board of Trade on Wednesday, with worst losses in nearby months on reports of thundershowers in parts of the Mid-west. Nervous profit taking also weighed on nearby contracts. Spot July ended down 6-1/2 cents at US$3 83 per bushel,
      Reuter  -  146 words
    • Article
      Lock icon CRA and NBH to merge lead and zinc operations
      169 8 AFP THE LEAD and zinc operations of CRA Ltd and North Broken Hill Holdings Ltd will be merged to form a group with annual sales worth more than ASI.S billion. CRA chief executive John Ralph and North managing director Peter Wade
      AFP  -  169 words
    • Article
      Lock icon Rubber
      252 8 Reuter SINGAPORE Rubber prices closed sharply lower yesterday with July 1 RSS buyers price quoted at 264.00 cents/kilo, down 10.50 cents from Wednesday's close, dealers said. On the TSR-20 market, prices drifted further in the afternoon to close sharply easier on some selling and in line with the RSS
      Reuter  -  252 words
    • Article
      SSR and SMR
      79 8 (cann/kg) JULY 1988 AUGUST 1988 (currant month) (forwof td month) RAS NOON NOON tvy#n ;,Htn W y #r| SSI 30 240.00 242.00N 240.00 242.00N SSt so 23t.00 240.00N 234.00 240.00N MRELB Iwyen 3,11, n SMt CV 572.00 S74.00N 574.00 576.00N SMI I 57i.00 SM.00N 5*0.00 5I2.00N SMt
      79 words
    • Article
      Lock icon Precious Metals
      272 8 Reuter HONQKONQ: Gold closed weaker yesterday. Bullion ended at U*****.40/80 an ounce against an Initial U*****.40/90. On the local market, gold fell HK$l5 to cloee at HK54.177 a taei. Coins were generally lower, with the Krugerrand tailing HK$lO to HK53.490. The Maple Leaf and the Australian Nugget each
      Reuter  -  272 words
    • Article
      London markets
      302 8 London CIF UK/Rotterdam Tone; So lev (5042) Commodity Jul/Aug/ Copper Standard Exchange Sep Oct 537.5 542.5slr (535pd) Cash 1360/1380 Buyer/Seller dosing prices on Oct/Dec 540pd 3-months (1330/1350) 1305/1315 June 22 (£/tonne unless M'sian RBD FOB (1267/1280) specified). Previous closing prices in Aug/Sep Sep 500slr (520slr) 500slr (520slr) Tone:
      302 words
    • Article
      Lock icon Opec open to other oil exporting nations as members: Subroto
      302 8 AFP THE Organisation of Petroleum Exporting Countries (Opec) will "gladly welcome" other oil exporting nations as members. Opec's newly-elected secretary general Subroto. the former Indonesian oil minister, said in Jakarta yesterday: "We'd welcome them because, in principle, greater unity will
      AFP  -  302 words
    • Article
      Lock icon US assurance on rising food prices
      171 8 Reuter ABUNDANT SURPLUS grain stocks in the US should keep a lid on food prices in spite of a drought in its farmbelt, according to a special report released by the agriculture department "Corn stocks are large, and this will limit increases in corn
      Reuter  -  171 words
    • Article
      Lock icon KL Tin
      177 8 Reuter THE Kuala Lumpur Tin Exchange'a price yesterday extended Wednesday's rlaa to cloaa 3 cants higher at M 518.19 a kg, dealers aaid. Volume Increaeed to 123 tonnaa from 76 tonnes on Wadnaaday aa miners dlipoaad of the metal an their targetted price, which had bean anticipated ren
      Reuter  -  177 words
    • Article
      Lock icon Palm Oil
      409 8 Bernama Reuter MALAYSIAN CRUDE PALM OIL FUTURES closed mixed yesterday in cautious but active trading on the Kuala Lumpur Commodity Exchange. Traders said the easier sentiment was becauee of long liquidation by operators as a result of a limit down close on the Tokyo soybean futures market. Turnover
      Bernama; Reuter  -  409 words
    • Article
      Produce Prices
      239 8 Chinese Produce 110 FOB NSW 1455.00 A-l Special 233 Exchange BWP FOB NSW 1140.00 C-1 Special C-l Ord unq Sellers' noon dosing prices on Gambier unq June 23 (S$/100 kg) FOB NSW 180.00 Loonzain Rice Coconut oil Bulk FOB 122.00 FAMA Closing prices on June 23 100% 1st
      239 words
    • Article
      Oil and Products
      86 8 TRADING conditions in the Far East petroleum products market was subdued. The overall outlook remains bearish. Product prices stayed relatively stable. Closing prices for crude (FOB origin) USS/bmi Ota*. Tap* (Mr) 16.03 -0J0 M« IMrl -0J1 OvM lA«g) 1349 +au WW Tw wruiiS* 1 it* *ai7 1
      86 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      70 8 Two minicomputer systems for sale: Description D.E.C. PDP 11/44 CPU-IMB/DZII Asynchronous Multiplexor/DUP 11 Synchronous Interface/Unibus Controller RMO2 (Dual Access)/RMO 2 (Single Access)/RKD7 (Dual Access) LPII-300 Ipm line printer LS-120 console printer RMO2 disk packs ity Description Price D.E.C. PDP 11/44 CPU-IMB/DZII 5.0 Asynchronous Multiplexor/DUP 11 Synchronous Interface/Unibus Controller RKO7 (Dual
      70 words
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  • TECHNOLOGY
    • TECH -TAKES
      • Article, Illustration
        Using brine to store solar energy
        172 9 THIS MIGHT look like a hi-tech fish pond but instead of cultivating fish, this pond is used to capture sunlight. The solar pond is one of the latest developments in the effort to use the sun as a source of energy. And in the
        172 words
      • Article
        Lock icon Altering human cells to fight cancer
        148 9 Reuter SCIENTISTS at the US National Institutes of Health have proposed the first experimental introduction of genetically altered cells into human beings, according to the Washington Post. The so-called "marker genes" are being tested against melanoma and kidney cancer. The process of removing human
        Reuter  -  148 words
      • Article
        Scientists zero in on autism
        205 9 IN NEW RESEARCH causing excitement in their field, scientists appear to be closing in on regions of the brain that are faulty in patients who suffer from autism, a mysterious and devastating disorder of the human mind. The new evidence strengthens the view that autism
        205 words
    • Article
      East Asian IT companies figuring more in global scene
      466 9 EAST ASIA continues to gain in strength in the global information systems arena, says a survey by Datamation magazine. A total of 17 East Asian manufacturers one South Korean and 16 Japanese earned their way into this year's Datamation 100 survey
      466 words
    • Article, Illustration
      Software houses to help launch TradeNet
      603 9  -  By JEFFREY TSANG LOCAL SOFTWARE HOUSES have been roped in to help develop the infrastructure for Trade Net. the electronic clearance system that will save the trading community time and money when it comes on stream early next year. In a paper delivered yesterday,
      603 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      446 9 NOTICES LOT MARE CBmRCATES Applications have been made to the directors of the abovenamed company to Issue duplicate share certificates In place of the following share certificates which have been reported lost or destroyed:- o nf p-(l No. of shares Certificate no. Name of SI.OO each *****T8 Tan Mah Hian
      446 words
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      Page 9 Advertisements Column 2
      3 9 55 i ■1
      3 words
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      Page 9 Advertisements Column 3
      332 9 FORM 69 (3) (Rulm 91 and 101) NOTICE Of INTENDED DIVIDEND Name of Company: Francis Adrian ft Co. (Pte) Ltd (In Creditors' Voluntary Winding-up) Address of RsQtsJorfld Otfic® 3 Shenton Way #09-06 Shenton House Singapore 0106 Last Day tor Receiving Prods: 9th July 1966 Name of Liquidator: James Chan Address:
      332 words
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      Page 9 Advertisements Column 4
      162 9 PC Corner has been held over due to pressure on space Bernard Teo f By using his Chase Classic VISA card for all his purchases he easily earned enough Bonus points over a period of 12 months to qualify for his next year's card free. The Chase Classic VISA card
      162 words
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  • PERSPECTIVE
    • Article
      Third World debt revisited
      486 10 A LOT OF ATTENTION was paid to the Third World debt problem earlier this week at the Toronto economic summit. The meeting even produced concrete offers of help to a number of the world's poorest countries those of subSaharan Africa. France and Great Britain came right
      486 words
    • Article, Illustration
      Lock icon India-S'pore trade set to increase
      1919 10  -  India's more liberal investment and trade policies are attracting overseas investors, including Singapore businessmen, to its doorstep. HARISH MEHTA looks at the opportunities India presents to Singapore and how they can be exploited. HARISH MEHTA EVER SINCE Indian Prime Minister Rajiv Gandhi's government laid out
      Source: Singapore's Trade Statistics  -  1,919 words
    • Article, Illustration
      The answer lies in exports, says head of Indian group
      833 10 INDIA'S largest industrial conglomerate, the Birla group, has spawned a range of joint venture industries in Thailand, the Philippines, Malaysia and Indonesia. Mr Aditya Birla, who heads several Birla group companies, spoke with pride about these operations during an interview
      833 words
    • Article, Illustration
      Lock icon Coalition juggling hinders Bonn decision-making
      853 11  -  The increasing importance of coalition politicians' meetings in steering government policy has become a prime feature of the Kohl government. DAVID MARSH reports on the growing byzantine nature of Bonn politics and its effect on economic decision-making. DAVID MARSH FT WEST GERMAN Chancellor Helmut Kohl
      FT  -  853 words
    • Article, Illustration
      Lock icon Vanuatu's tax haven faces serious setback after riots
      738 11 Reuter POLITICAL UNREST in Vanuatu after years of tranquillity has set back plans for the tiny South Pacific nation to become one of the world's great tax havens. Normally sleepy Vanuatu, its 80 tropical islands fringed with coral and coconut palms, has
      Reuter  -  738 words
    • Article, Illustration
      Lock icon Indonesia making effort to attract foreign investments
      863 11 Bernama-Antara FOR OVER 20 years Indonesia has welcomed foreign investments and over the last four or five years the government has viewed foreign investments as a crucial element of its industrial development policy. Investment coordinating board BKPM has been actively launching a series
      Bernama-Antara  -  863 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      57 10 BT shows you how every Monday. Mapping JM the Future A MONTHLY JOURNAL OF BUSINESS TRENDS The rise and fall of empire builders How to make your neighbours M|jl| AABMAf yvwi wins envy What cinemas are doing to keep viewers The pitfalls and shortfalls in property buying Japanese cars are
      57 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      668 10 TCZKHifrous aiMiw CRYPTIC PUZZLE ACROSS 4 Striking feature of a cartridge (6) 7 It helps give viewers a better look (8) 8 Opposed to an article on poetry (6) 40 Slopes for pushing prams around? (5) 13 Plant used in pig breeding (4) 14 Alternatively, chopped eels (4) 15 Direction
      668 words
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      76 11 J 12AM World News. 12.09 Commentary. 12.15 Sportswortd. 12.45 The World Today. 1.00 World News. 1.09 Commentary. 1.15 Music Now. 1.45 Sports Roundup. 2.00 Newsdesk. 2.30 Muftitrock 3. 3.00 Outlook, opening with News Summary. 3.39 Stock Market Report. 3.45 Personal View. 4.00 World News. 4.09 Twenty-four Hours: News Summary. 4.30
      76 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Bumpy ride into next round for top men's seeds
      802 12  -  By BARRY WOOD PAT CASH, the defending champion and No. 4 seed, barely survived the third day of Wimbledon as he struggled to overcome Javier Frana of Argentina 6-2, 4-6, 3-6, 6-1, 6-4 on Wednesday. Ivan Lendl dropped a set to
      802 words
    • Article, Illustration
      Lock icon Call for changes to America's Cup rules
      408 13 UPI CHAMPION SKIPPER Dennis Conner has urged America s Cup challengers to demand changes to the rules governing yachting's most prestigious race. Conner wants the 100-year-old deed of gift, the rulebook for America s Cup defences, to state the kind of boat that
      UPI  -  408 words
    • Article, Illustration
      Dhanabalan urges change in attitude towards sports
      456 13  -  By WALTON MORAIS THERE MUST BE a change in how Singaporeans view their gifted sportsmen if we are to scale the glory heights, said Minister for National Development S Dhanabalan last night. In this regard, we could take a leaf from the Malaysian
      456 words
    • Article
      Lock icon Tiny guy behind boxing's giant
      568 13 Reuter IF MICHAEL SPINKS pulls off one of the biggest upsets in heavyweight history by beating Mike Tyson next week, he will owe a large debt to a tiny guy who knows little about boxing. The man is Cecil Maxwell Shilstone Jr, or Mackie. as
      Reuter  -  568 words
    • Article
      Steps to managing stress
      392 13  -  HO MOMRif SOBIHBSB with Mike Cashmore Last week, we discussed using running as therapy for tackling anxiety. We continue this week with stress management. IN ADDITION to its usefulness as a psychotherapeutic agent, running has been used in stress management. Seven specific benefits of running are
      392 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1053 12 COURyOISIERXO~WIHIO3IE TO lEaVY, DUNK t Fashion show. Fashion show! fashion show" -SS, *7^ BUFFET DINNER AT CAFE VIENNA JUNE 1 JUNE 30 Reksh on a buffet spread boasting over 20 all-time favourites. There are meat and fish coM cuts, salads, triad nee, noodtes. vejetaWe rice, |uo bao. mrfen. beef, seafood
      1,053 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      336 13 ENTERTAIN 4 \Lz 4 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
      336 words
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      Page 13 Advertisements Column 2
      287 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANOTHER IS THE CHOICE OK MAIN COURSES. PALM 4ug For between $26++ and $40+ I y° u can se ect fr° m our appetiser OKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish
      287 words
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      Page 13 Advertisements Column 3
      28 13 0 annfc-s tk vieill.wetnenr en fats dp eh*ne ont et* psMires oblenir la subtil rte et 8 de cp (.ognac aanasa ESSWa Esa«rlHiEj Miar 4 xo COURVOISIER COGNAC
      28 words
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      Page 13 Advertisements Column 4
      31 13 •c v v M V i If** Exquisite Hongkong cuisine, Dian Xin (Tim Sum), Business lunches and dinners. At Level 7, Fook Hai Building 150 South Bridge Road. Tel: *****16 Imperial
      31 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Market upsurge loses steam after first hour
      4882 14 BUYERS SWAMPED the Singapore market in the first hour of trading, pushing the prices of quality stocks higher on heavy volume yesterday. But the disappointing showing of the Tokyo market put a halt to the rally, with share prices holding steady thereafter The
      4,882 words
  • Page 14 Advertisements
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  • COMPANY NEWS
    • Article, Illustration
      SES launching new floor trading system on July 1
      413 15  -  By CORRINA LIM THE STOCK EXCHANGE of Singapore will launch the first phase of its new floor trading system on July 1, which will involve the cash, buying-in, Sesdaq and bonds markets and stocks in the Nasdaq/Sesdaq link. A statement from
      413 words
    • Article
      Amcol acquires stake in paper box company
      136 15 AMCOL HOLDINGS LTD has acquired a 50 per cent interest in Paper Box Industries (1988) Re Ltd for $500,000. Amcol paid for the purchase of the 500.000 shares, of par value $1 each, out of internally generated funds. The company was incorporated on
      136 words
    • Article
      Malaysia Airlines profits rise 35pc
      295 15 MALAYSIA AIRLINES has continued its good earnings record with group profit after tax rising 35.1 per cent to M 5151.60 million for the year ended March 31, 1988. As a percentage of turnover, the net profit came to 9.6 per cent against 8.1 per cent
      295 words
    • Article
      Business done on the SES
      4897 15 BID and offer prices officially' listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      4,897 words
    • Article
      Unit trusts
      270 15 Si Managers' prices Japan Gr Fund 157 162 for Jun« 24 SI>*nton Thrift fund 085 0.85 Singapore Unit Trust UOB Management Th« CoiHMrc* 1.01 1 1 08* Unihmd 0925 0925 Th* Savings Fund 007 093 Unibond 101 1 035 S'por* frog fund 042 046 MARA-Bumiputra S'por* S*c Fund
      270 words
    • Article
      Cold Storage sells warehouse for $11m
      422 15  -  By LISA LEE BANKING on the rising property market, the Cold Storage group has sold a warehouse in Pasir Panjang for some $11 million to local trading firm Teng Fuh Holdings Pte Ltd. The sale, to be completed in two months' time, is a
      422 words
    • Article
      Stiff competition eroding margins of Sing Investments
      208 15 SING INVESTMENTS Finance Ltd expects its margins to be further eroded as it is facing intensified competition, said its chairman in the company's latest annual report. Lee Fee Huang said, "In order to overcome the difficulty, concerted efforts to identify and develop new
      208 words
    • Article
      Dah Yung to beef up Thai operations
      608 15  -  Bid to seek relisting for subsidiary in Thailand By ELAINE KOH DAH YUNG Investment is now focusing its attention on developing its Thai subsidiary, a move which is likely to involve the Innovest Bhd group, and eventually get the company relisted on the
      608 words
    • Article
      Lock icon H&C makes £85m purchase
      118 15 Reuter HARRISONS and Crosfield PLC is acquiring Magnet PLC's Southerns-Evans Ltd (SEL) unit for £85.8 million. The purchase comprises almost all the business of SEL with Magnet retaining a small number of SEL's outlets. SEL imports and distributes a wide range of timber and timber based
      Reuter  -  118 words
    • Article
      Lock icon Selangor Dredging reduces loss
      178 15 MBT SELANGOR DREDGING has reduced its after-tax loss to M 52.73 million for the year ended March 31, 1988 from M 54.79 million previously. There was an improved turnover of M 512.76 million against M 511.39 million last time. The loss took into account an abnormal
      MBT  -  178 words
    • COMPANY BRIEFS
      • Article
        QAF working to reduce debt
        57 15 QAF LTD, in response to recent press reports, has said that it has been looking into possible ways to reduce its debt and strengthen its balance sheet. In particular, it has been discussing a rights issue with certain parties but no agreement has yet been
        57 words
      • Article
        SES queries Town & City
        44 15 SES queries Town City TOWN CITY Properties Ltd has been asked by the SES to comment on an auditor's qualification in its latest annual report. The qualification refers to a $14m provision for an anticipated loss against a judgment of $47m against the group.
        44 words
      • Article
        Bonvests holders approve acquisition
        45 15 BONVESTS Holdings Ltd's shareholders have approved the acquisition of 2.31 m shares in Tonhow Industries Ltd. at an EGM yesterday. They also approved the takeover offer to be made by Bonvests subsidiary, BHL Investments Pte Ltd, for the remaining Tonhow shares.
        45 words
      • Article
        OCBC unit renamed
        21 15 OVERSEA-CHINESE Banking Corp Ltd's subsidiary. The Bankers Trust Co Ltd. has changed its name to OCBC Trustee Ltd.
        21 words
      • Article
        Dayapi holder sells 4.4m shares
        27 15 DAYAPI Industries (M) Bhd's substantial shareholder, Dayapi Holdings Sdn Bhd, has disposed of 4.46 m shares, leaving it with 9.31 m shares.
        27 words
      • Article
        Trading in MTP, M Feedmilis suspended
        21 15 TRADING in Malaysian Feedmills Ltd and Malaya Tin Printing shares was suspended yesterday pending announcements.
        21 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      72 15 U. VI AUCTION i d 11)1111(1 tk Shukor WrCy in Sunday, June 26. 1988 Grand Ballroom Hilton International, Singapore. Viewing Auction Sale: 10am- lpm 2pm-5.30pm (All lots are guaranteed and backed by a full trade-In value at our showroom. Ample parking facilities at rra of Milton via Anqulia ParK IUHA
      72 words
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      Page 15 Advertisements Column 2
      384 15 V. m u. Balance Sheet as of December 31, 1987 Board of Directors Ahdulmajcfd A H Shoman Chairman Khalid A.H Shoman Drputv hairmar, Abdel Hamid A M Shoman Member C*eneral Manager Mahmoud M. Bevdoun Farouk K Jabre ARAB BANK LIMITED (Incorporated in Amman, Jordan) litotft S. Tannous Munib R M»ri
      384 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Kuwaiti foreign investment stands at US$95 billion
      342 16 AP KUWAIT'S surplus petrodollars invested abroad stood at about US$95 billion at the end of 1987, according to the annual report of the Kuwait stock exchange released on Tuesday. The market's directorgeneral, Hesham Al-Oteiba said that oil income in the fiscal year ending
      AP  -  342 words
    • Article
      KL stocks finish mixed
      4257 16 DESPITE staging a mild rally at the outset, share prices on the Kuala Lumpur stock market succumbed to profit-taking yesterday to finish mixed to easier in brisk trading. A dealer said buyers swarmed the market at the opening bell following a 43.03-jump in overnight Wall Street.
      4,257 words
    • Article
      COMPANY MEETINGS
      50 16 Mentakab Rubber Company (Malaya) Berhad: 29th AGM at 12th Floor, Menara PNB, 201-A. Jalan Tun Razak. *****0 Kuala Lumpur, today. June 24, at 10 00am Tan Chong Motor Holdings Berhad: 16th AGM at 21, Jalan Ipoh Kecil 3rd floor), ***** Kuala Lumpur. Malaysia, today. June 24, at 11am.
      50 words
    • Article
      Lock icon Jardine Fleming in joint venture
      74 16 AFP MERCHANT BANK Jardine Fleming Holdings Ltd says Taiwan's Securities and Exchange Commission has given it permission to form a joint-venture securities firm with Taiwan interests. It said in Hongkong on Wednesday that the new firm was due to start trading on Jan 1 next
      AFP  -  74 words
    • Article
      Shares barely higher
      1424 16 Hongkong HONGKONG share prices closed narrowly higher yesterday in active trading as declines in Tokyo eroded earlier gains, brokers said. The Hang Seng Index gained 8.50 points to 2,712.24 and the broader based Hong Kong Index 4.89 to 1.795.40. Turnover topped HK$l billion at midday and closed
      1,424 words
    • Article
      Seoul
      112 16 JUNE 23 WON Kai ***** 100 Kanowon lf»d ***** ***** -100 -200 Chail Sugar 3200C -100 ***** -300 Oaalim ind Daawoo Corp Daewoo Haavy Daiahm Sacuntlaa ***** ***** ***** ***** -3600 1700 -4800 -700 Koraa Long Tarm Lucky Ltd Oriental Brawacy Oriantai Chan* ***** ***** ***** ***** -<00 200
      112 words
    • Article
      Lock icon Tokyo
      445 16 Reuter TOKYO share prices closed down yesterday for the fourth straight session due to investor caution regarding the rapid advance of the dollar and the possible reverberations. "The question is how long-term this will be, but generally speaking, a strong dollar would result in a rise in import prices
      Reuter  -  445 words
    • Article
      Lock icon Sydney
      140 16 Reuter THE Australian share market closed sharply weaker yesterday with prices slashed across all sectors after an early burst of buying. Brokers observed that gold and resources stocks, the best performers earlier in the week, were under the heaviest selling pressure due to the weaker gold price. By the
      Reuter  -  140 words
    • Article
      Lock icon Bangkok
      153 16 Reuter THE SECURITIES Exchange of Thailand Index edged up 1.36 to 456.46 yesterday on a turnover of 9,247,058 shares worth 824.45 million baht. JUNE a BAHT Ao Kham Thai Ayudhy* ln>—tnunt 440 140 unct) Bangkok Agro-tnd 1 Bangkok Bank Bank Ot Ayudhya 325 366 unch 2 Charooog Thai Wlra
      Reuter  -  153 words
    • Article
      Taipei
      223 16 JUNK n All Slncara Indus.... Aaia Camant MT Kolln Kuochan Oav Laa Chang Yuan Cham Indua Llan Hwa Indua Nan Ya Plaa 50.50 84.80 83 00 88.00 90.80 -1.8 •1.8 -1.8 -1.8 -2.8 Chang Hwa Bank Chang Loong Chla Main Camant Pacmc Com n ii ii i n m
      223 words
    • Article
      Manila
      83 16 JUNK a 1 PESOS Mintrn Ortantal B Phil Ovaraaaa 0.042 0.038 unch unch Acoj* Mining Anglo Phil 0 011 0 001 ItrMI B -ft 9 Apax Mining B 0.47 0 424 3 PLOT. 186 1 Atlas Con. 6 Btguto QoM 26 San Mtgual B— 206 0025 unch Basic Patrol
      83 words
    • Article
      Lock icon BHP profit seen curbed by A$
      215 16 Reuter AUSTRALIA'S largest company, The Broken Hill Pty Co Ltd, is expected to show only slight improvement in full-year profits, due today. A stronger Australian dollar, lingering problems in the steel division, and the costs of buying out Robert Holmes a Court will combine
      Reuter  -  215 words
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  • WORLD MARKETS
    • Article
      Lock icon Highest closing since Crash
      1004 17 New York Reuter WALL STREET stocks on Wednesday closed at their highest levels since Black Monday' on a surge of institutional buying sparked by a stronger dollar, falling bond market yields, and a more positive inflation outlook, traders and market analysts said. "I think the market
      Reuter  -  1,004 words
    • Article
      Lock icon Equities open higher
      1062 17 London Reuter THE sharply higher overnight close on Wall Street and news that Rowntree had agreed to a raised 1,075p per share cash offer from Nestle put the market into a buoyant mood yesterday morning and the FTSE 100 Index opened 10.9 up at 1,890.2. On Wednesday,
      Reuter  -  1,062 words
    • Article
      Untitled
      1165 17 Selected indices HONGKONG Hongkong Index Thursday ."5 <0 Wednesday 1.***** Week ago 1.783 75 All Industrials Thursday 2,5218 Wednesday 2.539 3 Week ogo 2.527 8 NEW YORK Hang Seng Index Thursday 2.***** Wednesday 2.703 74 Week ago 2.***** Dow Jones Wednesday 2.***** Tuesday 2.***** Week ogo 2.131 40 TOKYO Nikkei
      1,165 words
    • Article
      Lock icon Exchange checking on illegal Farmers' options
      186 17 NYT THE PHILADELPHIA Stock Exchange is investigating possible trading violations involving stocK options in the shares of Farmers Group, currently fighting off a US$4.5 billion takeover bid from Britain's BAT Industries. The Exchange said on Wednesday that it suspected that several traders exercised options
      NYT  -  186 words
    • Article
      Lock icon Why Britain slowing down privatisation programme
      964 17 FT "THE BRITISH Army PLC: The most exciting share offer of the century" tempts a current advertisement for Carting Black Label a beer supposed to inspire great feats of daring. If not a little mischievous, it highlights a question that must be on the
      FT  -  964 words
    • Article
      Lock icon Suzuki faces lawsuit over Samurais
      280 17 UPI A NEW JERSEY man has filed a class-action suit seeking to force an unprecedented buyback of all Suzuki Samurais sold in the US since 1986, lawyers said on Wednesday. Ronald Asarian, who bought a Suzuki last year, claims that American Suzuki Motor Corp and
      UPI  -  280 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      494 17 PRlVATbanken The Privatbanken Group (Incorporated in Denmark) CONSOLIDATED BALANCE SHEET AS AT 31st DECEMBER 1987 ASSETS Cash in hand Assets held in Danmarks National bank Assets held in domestic banks Assets held in foreign banks, etc Bonds Irredeemable fixed-interest mortgage deeds Shares etc. (including the Bank's own shares at DKK
      494 words
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  • Article
    Lock icon Wellington to sell coal interests
    271 18 Reuter NEW ZEALAND wants to sell its state-owned coal producer in the latest move to privatise government assets, raise cash and cut the national debt. "There is no good reason for continued crown ownership of its share of New Zealand's coal business," State-Owned Enterprises Minister
    Reuter  -  271 words
  • Article
    Lock icon Chanel hits out at Seoul over fake goods
    153 18 AFP A FRENCH business leader yesterday accused the South Korean government of failing to take adequate steps to halt the production of counterfeit goods. Bernard Lehmann, vice-presi-dent of the French cosmetic and fashion house Chanel, threatened retaliation by France and other members
    AFP  -  153 words
  • Article, Illustration
    Zip-maker YKK jumps on the property bandwagon
    560 18  -  Company to invest $60m in development project By LILIAN ANG WITH PROPERTY PRICES rebounding, yet another Japanese company in Singapore has turned developer. Joining at least two Tokyo contractors in the property development market is zipper-maker YKK. The company has formed YKK Development
    560 words
  • Article
    Lock icon China denies reports of asylum for Pol Pot
    428 18 Agencies CHINA'S Foreign Ministry yesterday denied reports out of Washington that China had agreed to help solve the Cambodian conflict by offering asylum to Khmer Rouge leader Pol Pot. Ministry spokesman Li Zhaoxmg, at a weekly briefing, said a Washington Post article
    Agencies  -  428 words
  • Article
    Lock icon Machinery makers' output plan
    99 18 AFP JAPANESE machinery makers will step up overseas production because of the yen's sharp appreciation, according to the Japan Machinery Exporters' Association yesterday. Its 60-page report said Japanese machinery makers would be producing more than 20 per cent of their output in terms of value at
    AFP  -  99 words
  • Article
    Lock icon VW of America Inc faces US$76m class action suit
    412 18 UPI A NEW YORK law firm filed a class action lawsuit on Wednesday seeking more than US$76 million in damages from Volkswagen of America Inc for allegedly deceiving the recipients of a rebate offer for certain Audi cars. The suit has
    UPI  -  412 words
  • Article
    Lock icon American growth revised lower
    75 18 AFP THE gross national product of the US rose at an annual rate of 3.6 per cent in the first quarter of this year, the Commerce Department reported yesterday, revising its figure of 3.g per cent given a month ago. The department said the GNP rose
    AFP  -  75 words
  • Article
    Lock icon Comex gold and silver
    96 18 Reuter COMEX gold futures shadowed the dollar s fluctuations yesterday, slumping on early selling when the US unit firmed and cutting losses when the dollar gave back strongest gains. August gold rallied to a high of US$45l 50 an ounce, with a net loss of US$l.5O
    Reuter  -  96 words
  • Article
    Lock icon Thai GDP seen growing 8pc to 8.3pc
    137 18 Reuter THAILAND'S gross domestic product (GDP) will expand a real 8.0 to 8.3 per cent this year, up from 7.1 per cent in 1987, according to the private Board of Trade yesterday. It attributed the expansion to dramatic export growth, increased foreign investment
    Reuter  -  137 words
  • Article
    Lock icon Rowntree accepts Nestle's US$4.6b sweetened bid
    284 18 AFP, Reuter BRITISH CONFECTIONER Rowntree has accepted a US$4.6 billion takeover bid by the Swiss food group Nestle. Nestle raised its bid after another Swiss food group, JacobsSuchard, last month offered US$4.l billion for Rowntree, Britain's third biggest confectioner. Rowntree stock yesterday surged 37
    AFP,; Reuter  -  284 words
  • Article
    Lock icon Aquino says she will not be pushed on future of US bases
    342 18 Reuter, UPI PRESIDENT CORAZON Aquino yesterday said she would not be pushed into a hasty decision on the future of US bases in the Philippines, saying she needed more time on a matter of such "far-reaching consequence". Her
    Reuter,; UPI  -  342 words
  • LATE FILE
    • Article
      Lock icon Strike paralyses Thai rail
      58 18 UPI STRIKING railroaders yesterday paralysed Thailand's extensive national train system as support for a three-day-old strike continued to spread among union members and negotiations reached an impasse. "All trains were forced to stop this afternoon when all engineers and mechanics abandoned their duty," said Pranee Prasertamporn,
      UPI  -  58 words
    • Article
      Lock icon Holiest Burmese shrine off-limit
      53 18 AP BURMA'S holiest shrine, the Shwedagon Pagoda, was cordoned off by police yesterday after student demonstrators set up a "strike centre" on its grounds. Authorities at dawn closed the gates leading to the centuriee-oid hilltop pagoda, the central stupe of which is covered with several tonnes
      AP  -  53 words
    • Article
      Lock icon Workers accept strike payment
      73 18 AFP WORKERS returned to work at South Korea's largest car maker yesterday after Hyundai accepted workers' demands for payment to cover the lengthy strike period. Company officials and workers said work resumed at the Hyundai plant in Utsan, about 350 km south-east of Seoul, after the
      AFP  -  73 words
    • Article
      Lock icon Japan-US trade plan looks all set
      53 18 Reuter JAPAN and the US are near agreement on a new protect that both hope will double Japanese imports of American goods in three years. A Ministry of International Trade and Induatry official said yesterday the "Export Now" campaign would probably be announced tomorrow
      Reuter  -  53 words
    • Article
      Lock icon Tokyo agrees to open beef market
      55 18 Reuter JAPAN has agreed to open up its market to more beef imports from Australia. Japanese Agriculture Minister Takaahi Sato approved the agreement soon after his arrival yesterday in Canberra, where he met John Kerin, Australia's Minister of Primary Industries and Energy, after officials
      Reuter  -  55 words
    • Article
      Lock icon Armenian unrest worsening
      60 18 Reuter THE SOVIET UNION has Mnt troop* into a southern area gripped by ethnic unrest and the crisis is worsening by the day. The communist party daily, Pravd*, reported yesterday the crisis centres on the disputed Azerbaijani region of Nagorno-Karabakh where the people, mostly Armenians were campaigning
      Reuter  -  60 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      90 18 sick and tired of looking for the right apartment? Why not drop in to our Open House, have a cool drink, enjoy the views and pleasant surrounds, see our "country club" facilities, appreciate the Orchard Rd location and take comfort in tip-top 24 hr security at ARDMORE LUXURY APARTMENTS I
      90 words
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      Page 18 Advertisements Column 2
      178 18 w/; it if m Jx 1 IkM thorny story WHAT HAS Admiral Cheng Ho got to do with the king of fruits, the durian? Find out in tomorrow's fjreci/tfa* LI/0ttyb section, where you will also discover that eating durians doesn't end with just buying and gorging on it. The fruit
      178 words
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      Page 18 Advertisements Column 3
      26 18 Are you a tough loser? Soften your beard with the ultra lubricator: Clinique Cream Shave. CLINIQUE SKIN SUPPLES FOR MEN in 13VG ;r-;3 K k i
      26 words
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  • SHIPPING TIMES
    • Article, Illustration
      Singapore container traffic to cross 3 million-TEU mark
      471 19  -  By LINDA CHEE SINGAPORE's phenomenal growth record in container traffic should propel it past the 3 mil-lion-TEU mark in 1988, much earlier than expected. Mr Goon Kok Loon, deputy executive director of the Port of Singapore Authority, said throughput in four years
      471 words
    • Article
      Lock icon The amazing con of an Australian stevedore
      311 19 UPI AN AUSTRALIAN stevedore took home a pay packet for 20 years without lifting a finger to earn it. a top level investigation has found. The man picked up the equivalent of around US$2BB,OOO at today's rates, according to industry estimates. The amazing
      UPI  -  311 words
    • PORTSIDES
      • Article
        Lock icon Lockheed's Gulf port facility sold
        31 19 Reuter AVONDALE Industries Inc has signed an agreement with Lockheed Corps Lockheed Shipbuilding Co to purchase Lockheed's Gulf port facility in Mississippi for US$2l million. Reuter
        Reuter  -  31 words
      • Article
        Lock icon Ship collision in Kawasaki passage
        103 19 Reuter THE JAPANESE ro-ro vessel Nichinichi Maru came into contact with two ships in Kawasaki passage on June 21, Lloyd's Shipping Intelligence Service said. Sailing from Kawasaki, the 1,218 dwt vessel altered course to avoid collision with a large unidentified tanker and came into contact
        Reuter  -  103 words
      • Article
        Lock icon Europe-Far East CAF to be amended
        72 19 Reuter SHIPPING conferences covering trade between Europe and the Far East said the currency adjustment factor (CAF) for Japan, Hongkong and Singapore/West Malaysia will be amended, effective July 1. The CAF for Japan will be amended to 82.5 per cent from 84.5 per cent,
        Reuter  -  72 words
    • Article
      CONSORTIA
      163 20 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf. Straits ports/Australia. Straits/Japan and the member lines ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANftO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • Article
      Kuehne & Nagel and Currimjee operate Mauritius freight company
      79 20 Kuehne Nagel and Currimjee operate Mauritius freight company KUEHNE NAGEL and Currimjee Jeewanjee have signed a joint venture agreement to operate Mauritius first freight forwarding operation. Nakufreight (Mauritius) will handle air and seafreight including customs clearance. Mr D Reid has been named managing director. The Indian Ocean island is a
      79 words
    • Article
      The battle continues for International Container
      1154 20  -  It was a nightmare for the new manager of the Manila International Container Terminal. It took control of a terminal which has two broken down cranes. Though the situation looks grim, ICTSI believes it can turn the operation around. JUNE LIM reports. JUNE LIM
      1,154 words
    • Article
      INDEX TO ADVERTISERS
      951 20 AB Shpg V 5 ABC Conto«ner IX 1 Accord Shpg VI tm*r XI Alltrons VH AC Toepfer XI Americon Tpt N Anro Service IV Arrow tines IX As»on Ocean XI Assoc Cornoge XI Atlos line X AMI 1 A PC line V API III ASCI Ml Bait
      951 words
    • Article
      Lock icon US board checks on cruise ship safety standards
      542 21 UPI CRUISE SHIPS leaving US ports operate with only "superficial" safety surveillance by the Coast Guard and the danger of loss of life by fire "is enormous,'' the chairman of the National Transportation Safety Board said. A rash of fires aboard cruise
      UPI  -  542 words
    • Article, Illustration
      Two tugs refloat Nigerian ship off Horsburgh Lighthouse
      215 21 The Binta Yar Adua, a 17,373-tonne Nigerian motor vessel which ran aground off Horsburgh Lighthouse, was successfully refloated yesterday afternoon. The vessel laden with about 17,000 tons of general cargo left Singapore for Hongkong when it hit rocks 0.7 metres off the
      215 words
    • Article
      SHIPPING EVENTS
      281 21 June 20-24 9th International Harbour Congress and 6th International Harbour Exhibition. Antwerp. Belgium. June 21-24 Maritime law. Lloyd's of London Press international maritime seminar, The Ramada Hotel. Berners St. London Wl. July 6 Electronic navaids. Nautical Institute (Solent Branch) meeting. 1930 hours. College of Maritime Studies, Warsash July
      281 words
    • Article
      Lock icon US judge raises award in Amoco Cadiz case
      183 21 Reuter LAWYERS for French claimants in the suit against Amoco Corp AN in the 1978 Amoco Cadiz oil spill said the US federal judge in the case added about US$2.5 million to his original US$B5.2 million award. In a 24-page addition to
      Reuter  -  183 words
    • Article
      SHIPPING LIST where your ships are due...and when
      8919 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.
      8,919 words
    • Article
      Who acts for whom...
      2049 28 A—B AB Shipping Boustead Shpg Agencies ABC Containerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocean Lines Sealion Shpg (S) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepfer Oceanus Shipping Agencies (S) Multipon Sdn Bhd (PK) Alltrans Alltrans Express American President Lines
      2,049 words
    • Article
      LONDON FREIGHTS
      970 28 SUMMER slackness continued to dampen charter activity on the London shipping freights market on Wednesday, and rates weakened gradually on major trading routes. US Gulf grain fixing proved slightly busier than at the start of the week as MSK paid US$l9 (basis no combination ports) to the Lamyra
      970 words
    • Article, Illustration
      Lock icon Mississippi River level threatens barge shipments
      436 30 Reuter PORT of New Orleans officials said serious delays in international shipments could develop if the Mississippi River continues to fall due to drought in the mid-western US. In New Orleans, the river was down to one foot above sea level, a new low,
      Reuter  -  436 words
    • Article
      Lock icon Sri Lanka approves changes to shipping act
      270 30 Lloyd s List THE SRI LANKA government has approved amendments to the Merchant Shipping Act to entitle foreign shipowners to dual registration facilities and tax concessions. These have been limited to a certain category of ships flying the Sri Lankan flag under the
      Lloyd s List  -  270 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      818 19 TIMES STP Distributors WW/ ORIENT OVEIQEAS CodLum LINE JARDINE SHIPPING AGENCIES (Ret No 242K4/ OOK) 200 Cantonment Road 012-05 Southpomt. Smppore 0208 Tel *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PCSAKA JARDINE SNIPPING AGENCIES SON BHD PORT KELANG TEL *****18 Telei No MA*****
      818 words
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      Page 19 Advertisements Column 2
      109 19 mm THE BATTLE is far from over for International Container Terminal Services Inc (ICTSI), the new managers of the Manila International Container Terminal. Page II CRUISE SHIPS leaving US ports operate with only "superficial" safety surveillance by the Coast Guard and the danger of loss of life by fire "is
      109 words
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      Page 19 Advertisements Column 3
      647 19 TIMES STP Distributors MAERSK LINE THE SHORTEST DISTANCE BETWEEN WEST GERMANY AND STRAITS IS MAERSK LINE f-w"""-"™ CPS 29* 1300 HRS To Europe -UK Scaod'navo Finland ***** a M TACOMA MlO M NOTTEKMU MO* ANOCRS M W» AXEL M MlO MAERSK TOKYO Ml 2 Th« MH ANNA M Cloeing Tim
      647 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      585 20 u_ Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HAMBURG EXPRESS LA SEINE BEfcl ALDER BENAVON OSAKA BAY KAGA P KELANG SOUTHAMPTON 30/6 HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLANO DESTINATIONS. BELFAST. DUBLIN, COPENHAGEN. AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT THAMES MARU
      585 words
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      Page 20 Advertisements Column 2
      13 20 Lines and services represented by Shipping Agents. Singapore National vM Shipping Association >A;
      13 words
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      Page 20 Advertisements Column 3
      583 20 LLOYD'S LIST The International Daily Newspaper for Slipping, Insurance, Trade and Finance. LLCYDJS LIST Enquiries call: Chsngi International Distribution Service* Pte. Ltd. Tol No: *****53 (6 linos) AmTransJ AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/ AMERICA, CARIBBEAN/MEXICO irvi.v.' i. nicjrjd CJITJPaFJ BY FEEDER VESSEL ACCEPTING CARGO TO ATLANTA, SAVANNAH.
      583 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      993 21 The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers CONTAIWERSHIP SERVICE TO UK/CONTINENT: STRAITS SHIPPING Singapore to Satoah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK PEGASUS PROGRESS VS34N PEGASUS MOCK ESS VS3SN BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80 Also Accepting Cargo For: Mm*w| te AarMa.
      993 words
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      Page 21 Advertisements Column 2
      654 21 C SAV Corrp.ir' .i Sud Arrcncjn i dr V'jpcrcs S A L>"' feeocr vessel Is-porelbotner vessel hk arka iqq artofvalTsii CSAV 1 V 7 DELAWARE CLOUT 14/7 7/» H 11/J V-HM EB CSAV 1 I*7 CAR CARRIER 2 BP 3M If). CSAV I XV7 C VESSEL JSP Tfi ifi t/t
      654 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      424 22 EXSINOSE El MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES Singapore m Sine*port W Loading for:BANDAR ABBAS loading for:JAPAN, KOREA KYOWA LINE Singapore Loading for: A VESSEL 15/7 LAE, PUB, RBL, HRA MICROWEBIA SERVICE HK LOAD FOR OCEANIA EXPRESS V-16 28/6 GUAM, SAIPAN YOKO ASIAN LILY V-42 29/6 YAP
      424 words
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      Page 22 Advertisements Column 2
      796 22 MCS.line 11*1 i smrtmt c»»n** FULLY CONTAINERISED SERVICE TO FUR OPE VIA SUEZ 1 A Member ol the Ace Consortnm Hit 11 COMAINI RiSCD 10 fROM NOR'H AMfRICA AIS' CCAii CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S'PORE LOADING FOR CRYSTAL REED 65 17/7 DUBAI. DAMMAM GEN AGENTS: CROWN MARINE
      796 words
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      Page 22 Advertisements Column 3
      307 22 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 4/7 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE FREMANTLE AUCKLAND, WELLINGTON, LYTTLETON, DUNE DIN NAPIER EUROPE HAMBURG, ROTTERDAM FELIXSTOWE, LONDON Alio occapttng to: Scondinovlon Eufop«on Inland dasm. 79/t 5/7 29/6 5/7 30/6 7/7 9/7 A 14/7 EURO-AFRICA SERVICES FOR: PORTO, LISBON,
      307 words
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      Page 22 Advertisements Column 4
      842 22 EVERG Full r.nntunt iREEN u >,,,u,,.y Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) 2 25'45™? 0 2S™ c, «*A»-"WLNVANNR«irLXNicsGP X gg SJJ.jSJS-'SaSSii!! a s 3 »i; I s i i II EVE* GIVEN 2M 2M *i 2/7 V? *7 UP EVER GROWTH 2/7 S/7 7/7 1/7 11/7 14/7 17/7 EVER GRAND W
      842 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      926 23 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE NGO KOB BUS 13/7 15/7 It/7 1/1 3/1 5/4 10/« 12/* 15/4 MTC HITACHI MOO NAOOYA. POO PA SIR QUDANO ACCEPTING MORORAN CARGO VIA HKG JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE SEA
      926 words
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      Page 23 Advertisements Column 2
      499 23 irm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FRO* UK/CONTINENT MM I HAVtN R DAM HAVRE STON Knup Ham SmM SmM SmM SmM SmM L»r|» In SmM SmM SmM 7M M Eunn 2V» Z7* 2U 2M 1/7 Kawkwi brt Bl m 1/7 *7 C«*i» by 2/7
      499 words
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      Page 23 Advertisements Column 3
      519 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY S PANJANG/19WB •A' VESSEL KUTAI/15WB S PORE BILBAO ANTWERP H'BURG/ 10-12/7 26-21/7 16-14/8 RDAM/ADAM BREMEN Su6|«cl to Inducement. Also accepting cargo to Casablanca, Port
      519 words
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      Page 23 Advertisements Column 4
      424 23 BOUSTEAD SHIPPING AGENCIES pa-an vucar PAGAN VU9K HTONEYWA V237W BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok VAMRIIMW SEMI-CONTAINER SERVICE CLYDEBANK V23N TAMAITAI SAMOA VI3N FORTHBANK V22N SPORE ROAM HULL HM6G 26/6 21/7 29/7 25/7 16/7 13/8 22/8 18/8 3/8 29/8 6/9 3/9
      424 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      731 24 KAWASAKI KISEN KAISHA. LTD. Klins N. AMERICA-ATLANTIC COAST NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP N. AMERICA PACIFIC SOUTH-WEST MOTHER VESSEL MANHATTAN BRIDGE HENRY HUDSON BRIDGE MACKINAC BRIDGE BROOKLYN BRIDGE CHICAGO NYC N. AMERICA PACIFIC NORTH-WEST EUROPE (Member of ACE) ACE CONCORD ORIENTAL CHIEF TRANSWORLD BRIDGE NEPTUNE DIAMOND LE
      731 words
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      Page 24 Advertisements Column 2
      359 24 Accepting LCL and containerised cargoes Direct to South Africa NEDLLOYD BANGKOK 0001 NEDLLOYD COLOMBO 5635F OSAKA MARU 5740F CANOPUS OSOIF HAYAKAWA MARU M3K VIRGO (OOIG VAAL SS36G P.Eli* C.Town Durban 13/6 14/6 17/6 5/6 7/6 14/6 25/6 26/6 29/6 g*> j«fd JAROINE SHIPPING AGENCIES (REG 242*64/ OOK) 200 CANTONMENT ROAD
      359 words
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      Page 24 Advertisements Column 3
      526 24 Si U! <^/'m INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIA/JAPAN/INDIA SERVICE ec *P""fl FCI Containers and Conventional Cargo Also accepts Metals ft Steel Products Sinpport P Mtont Psnanf Losdwf S. 0 MANIPUR V* 2J June Kafce/YekohM ITALY/MEDITERRANEAN SERVICE Accepting Timber/Breakbulk also FCL Containers tor Montalcone Ravenna r Atoiandna to
      526 words
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      Page 24 Advertisements Column 4
      660 24 GOLDEN LINE WK GUAN GUAN SHPTMG (PTE) LTD I 21, TM Afir Strict 4 SINGAPORE 0104 TIL SM3M (10 LINES) Fu B43SM STRAITS/PERSIAN GULF SERVICE: S pot. P Katan« Penan, GOLDEN WONDER Karactii/Dubat/Dammam 8/9 July 001 DEN HAVEN CotafnOo/Karachi/Dubai 21/29 July CHINA SERVICE Ml YUN SHAN Shanghai 27/21 J una
      660 words
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      Page 24 Advertisements Column 5
      531 24 VfiS PHILI OMCNT UN€5 PT€ LTD HEAD OfflCt 63 ROBINSON ROAD •07 12 A r flO ASIA BUILDING SINGAPORE 01C6 THE* RS ***** PH»LI fAK *****76 if. J *i 111 r T —T'TT 1/7. 12/7 LATTAKIA, BENGHAZI. ALCII TRIPOLI, ALEXANDRIA. PORT SAID PIRAEUS. CASABLANCA, LIRBRASOL. VALETTA AOEN.QJIBOiftI ra.aLO.nmci >11 |KA
      531 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      767 25 NEPTUNE AGENCIES PTE. LTD FE EUfAUST TPA/SEA o*rwral Enqulrt**: T«l: 27tM77 Terminal CFS BOOKINGS *****43 77K70 *****22 *****43 27W111 27*11* PKelang NEPIINE SON. BHD 360H7 NEPTUNE ORIENT LINES LTD NEPIINE SON BHD. 62a»V627«t******/62?162 J Bahru NEPIINE SON. BHD. 23K40/23N41 *****53 *****2 27*11 *****14 *****11 27WM INWARD/OUTWARD ENQUIRIES *****44 /AUSTRALIA RO-R0
      767 words
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      Page 25 Advertisements Column 2
      365 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG. PENANG. KEELUNG. BUSAN. INCHON iiJJiiJilW.l J.l! 4A'iM WEF JUNE: 1) BUSAN I SMOAPORC 2) 10 DAYS SERVICE It SINGAPORE; KEELUNG SERVICED Vossol s Nam ETD BS SPORE PKELANC Wo I DonamflOSN OMX In Port# 25 2W* No I DonamIWSM 11/01
      365 words
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      Page 25 Advertisements Column 3
      746 25 f SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG P. KELANC MtSSRS HAI THONG SHIPPING 127 Penai* Street. Penani Malaysia M/S HANDLING SYSTEM CO
      746 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      345 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 «30 Lines* fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD I VE.B DE UTF R ACHT/SE EREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE to tutor* RUEBELAND iIU p* V- Ilfc7 1* ARKONA S/m FAHRLAND 6M •VIA COLOMBO:
      345 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      175 26 Regional Weather w. 9k 5^ M V N 1 o i "a ft s l» wZ r A m mw m m (L IS SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. June 24, 1988 a l Wind direction with speed in knots Wave height LEGEND R Thunderstorm Temperature «>
      175 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      417 27 fi FARGO SHIPPING COMPANY(PTE)LTD. No 15 Hoe Chiang Road »13-02 Sanford Building. Singapore 0208 Tel *****22 Tlx ***** FASCO ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND 16 DAYS TO SYDNEY! TO USA/CANADA Tnt Express 207 IM Also accepting cargo to:USA —Houston. Savannah. Tampa, Jacksonville, Wilmington (Del). Norfolk. Baltimore. New York. Boston
      417 words
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      Page 27 Advertisements Column 2
      262 27 CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fax: *****15 ICL FIXFD TWICE WEEKLY CONSOL LCL FIXED CONSOLIDATION T CHINA, HONG KONG, BANGKOK, KBLUNG, KAOSHIUNG, KOBE, MANILA, BIISAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MELB, KARACHI, CMTTAGONGt LEGHORN, JAKARTA, NAGOYA, GOTHENOORG. ALL EUROPE BASE PORTS
      262 words
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      Page 27 Advertisements Column 3
      897 27 w AT CONVENTIONAL WHARVES Berth Arrival Departure KEPPEL WHARVES Bonglar Swopno Baoglar Urmi Coo»« Bovoria CoMbifS Equator Fengy. G S#4aton 7 Koto Mutioi Koto Wiromo Kr»s M©'ub' Mudonshon Murroyeverett Ma Sea P«ort#«f Southern Glory Straits Pride AMyati Bonglar Urm. Concord Ecbizen Cru t Med Bangkok P«Otr Duaia Shown Solute Stormon
      897 words
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      Page 27 Advertisements Column 4
      166 27 TEL: UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE *****44 |9LINES) FAX: *****90 IRAQI LINE IRAQI STATE ENTERPRISE fOR MARITIME TRANSPORT WEST BOUND SERVICE ETA S PORE MV BABYLON LOADING FOB Hodetdah. Jtddah, Aqate THROUGH WU la BAGHDAD UPON REQUEST ALSO ACtXTTINC OMTAINEIIS UPTO AOABA lAGNOAO REEFER SPACE AVAILABLE UPTO AQABA
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      494 28 EUROPE SERVICE MPr* a Ti*Tll:" ;'in!77 FAR EAST SERVICE MIDDLE EAST GULF SERVICE SWWt |"0 QUI SMJ AM OAH KVT IAM DOM JRVWHfIUPOPUPHP Jg n v z "SiKiSS WEEKLY HKG/CHINA SERVICES Hamburg West Germany Tiger Line BEN LINE AGENCIES (S) PTE. LTD Telephone: 225 3522 Telex: RS ***** mY.S.N.LINE REGULAR
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      502 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East t West Coast Caribbean East Canada HAITI Costa Rica El Salvador Guatemala Honduras. Venezuela Peru Ecuador Colombia via Miami. Trinidad Barbados Antigua. St Lucia Montserrat Guayana via Kingston nrtci AUSTRALIA CONTAINER SERVICE ACCCPTiNC CARGO TO ADELAIDE VIA MELBOURNE AND ALSO
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      574 28 Everett Lines j COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI. ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. HANOLOEVERETT iOHNEVERETT MURRAYEVERETT P Keiang* "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA, KOBE, NAGOYA,
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      299 29 1 INTERCONTINENTAL LINE General/Marketing Agents: SEABRIDGE TRANSPORT SINGAPORE MALAYSIA (A member of the JEURO GROUP of COMPANIES. J*pan) Singapore *****11 Tlx. R*****1 SEAAIR Fax: *****50 Warehouse at PSA Multistorey Complex *****06 Malaysia; *****33 Tlx MA***** Fax *****68 i-M-SILTO MAffIHUDM WEEKLY FROM Singapore Port Kelang Penang UK/EUROPE: FAR EAST United Kingdom
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      194 29 Consolidation Service NEW CALEDONIA TAHITI SIN 29/6, 28/6 NOUMEA 3/7 PAPEETE 12/8 MAURITIUS REUNION ISLAND SIN 6/7, 1/7 PORT LOUIS 16/7 REUNION 13/7 FRANCE SIN 14/7 MARSEILLE 30/7 LE HAVRE 13/8 TRANSTAINERS DELMAS-VIEUEUX WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight Pte Ltd
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      313 29 Also accepting cargo to KEELUNG KAOHSIUNG CHINA |va HONG KONGI P KELANG BUSAN A JAPAN E MALAYSIA BRUNEI PORTS EUROPE USA CANADA A AUSTRALIA MERCANTILE CONSOLIDATORS MERCANTILE CONSOLIDATORS (SINGAPORE) PTE LTD Weekly consolidation at our CFS IB 200, CANTONMENT ROAD #10-00 SOUTHPOINT SINGAPORE 0208 TEL: *****13, *****37 FAX: *****00 U«i:Ky
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      623 29 GLORY NAVIGATION GROUP RE6ULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* sr m m in kaom GLORY SCLATAN VII VJ3 In Port GLORY SCLATAN V.JO StiM lift 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE
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      315 29 PTC CONTAINER LINES FCL/LCI SERVICE PIC GJXXJP S CICJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL. HI AfBHAMICTAH 30/6 HAIRATAN/KABUL/TOURGHUNDI WORLD FREIGHT SERVICES LTD I International NVOCC Container Liner Weekly Service To and From U.K. (Accepting cargoes for all inland destinations in U.K. General Agents POH TIONG CHOON SHIPPING
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      337 30 ££L Hai Sun Hup Co (Pte) Ltd Ln TEL *****06 (20 Lines) TLX RS ***** RS ***** 1 I \M I K\ \K I l\l K. III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! S'pore P. Kelang SEKI AKEISHI 57 In Port ASIAN SEKI CLIPPER NAGOYA Nagoya Osaka
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      386 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE NADA/HEXICO 1E31C31 B. PtPMAI fX Vfi 14/7 NUERNBUC UP New Orleans JUTLANWA KU V 7 21/7 STUTTGART EXP Houston*.iko kokiiicaw vm up ap ousseuxmf exp _vtriCna Meiico City Al*o servinf Haitfai, Montreal, Toronto. Now York, Biltwwrr Portsmouth. Norfolk. Savannah/ FRENCH W. Indie*
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      67 30 I REGULAR TSR SERVICE TO i KABUL/HAIRATON/. TORG/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES MMM-UM MVfMfi (S) PVE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SIN CHIAO SHIPPING AGENCY PTE Liu FOR BOOKINGS TEL *****81 TLX ***** NEWSHIP noUtlL Tel: *****88 WEEKLY CONSOL SERVICE TO
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      899 30 /M 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 *****68 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE mi mv i: .'•BBvW!! j.'l T—H JUTLAMNA KORRICAN N OtLn rTfi TO EUROPE FEEDER B. tUTANC 455 B. BUTANC 457 OTHER
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