The Business Times, 26 July 1988
1988-07-26
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The Business Times
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Title Section11 1988-07-26 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, JULY 26, 1988 75 CENTS11 words
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Article158 1988-07-26 1 Dow Jones higher WALL STREET stocks remained narrowly mixed and directionless in early trading yesterday. Participation was light with professional traders making most of the moves. The Dow 30 index was up three points at 2064. A few more issues showed losses than gains, and volume was158 words
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127 1988-07-26 1 WHILE the Singapore and Kuala Lumpur markets took a day off yesterday, three regional markets traded lower in line with falls on Wall Street and London. The sharpest fall occurred on the Tokyo bourse, with the Nikkei Average losing 117.81 points to 27,183.53127 words
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618 1988-07-26 1 CHUANG PECK MING - Headhunters search for talent overseas By CHUANG PECK MING THE DEMAND for executives, which dropped sharply in the recent recession, has picked up. Top on the "help wanted" list are those with electronic engineering degrees, according to executive search firms. "The engineers form a big chunk618 words
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Article182 1988-07-26 1 THE US DOLLAR rebounded in Tokyo yesterday from last Friday's New York closing and opened stronger in Europe following its sharp fall on the world's foreign exchanges last week. In Tokyo yesterday, the US dollar tested an intra-day low of 130.20 yen and 1.8210 West182 words
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129 1988-07-26 1 AFP THE COMMITMENT of contral banks in leading industrial countries to prevent excessively sharp rises and falls in the value of the dollar has not weakened, a senior Bank of Japan official said yesterday. "Central banks should send a signal to the market atAFP - 129 words
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192 1988-07-26 1 Reuter BURMA'S ruling Socialist Programme Party yesterday approved the reaignation of its chairman Ne Win, who has hek) unchallenged power since a 1962 coup, western diplomats quoting party sources said. They said an extraordinary congress of the Burma Socialist Programme Party (BSPP) accepted theReuter - 192 words
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Article, Illustration254 1988-07-26 1 THE YANG DI-PERTUAN AGONG of Malaysia begins a state visit to Singapore today at the invitation of President Wee Kim Wee. During his three-day visit, he will meet President Wee and Prime Minister Lee Kuan Yew. His visit is the first by254 words
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114 1988-07-26 1 Bernama ASEAN COUNTRIES have agreed to jointly promote their cuisine among tourists worldwide, Malaysia's Agriculture Minister Datuk Seri Sanusi Junid said yesterday. He told reporters in Pulau Langkawi that Asean ministers had reached a consensus to create a chain of "Asean restaurants" inBernama - 114 words
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300 1988-07-26 1 ne w papei THE NEW PAPER, the colourful lunchtime tabloid which hits the streets today, has taken steps to install a new distribution system aimed at factory and office workers. Chief editor Peter Lim said the paper is talking to a number300 words
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476 1988-07-26 1 AFP CAMBODIAN factions meeting for historic peece talks in Bogor, Indonesia, have expressed a common desire to make their country an independent, sovereign and non-aligned nation but differences on how to achieve it remained to be settled. The Vietnamese-installed regime inAFP - 476 words
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Page 1 Advertisements
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Advertisement40 1988-07-26 1 Nikon The World's Finest Photographic System. Regional Mkts, PAQE 12 EURO SHOE SHOP PTE LTD The shop that brings in eight to ten new styles every month. Sizes from 5 to 11. Some styles even in sizes 414 to 12.40 words
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Advertisement359 1988-07-26 1 Smpage The Ne Win legacy IN HIS 26 YEARS of unchallenged rule in Burma, U Ne Win, whose name means "brilliant as the sun", has preserved the facade of Burmese independence. But his socialism was nothing more than a borrowed title for a murky and contradictory ideology that had little359 words
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Advertisement7 1988-07-26 1 Extra! Extra! Raad all about W PAGE7 words
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Advertisement159 1988-07-26 1 Nikon The World s Finest Photographic System. H HONGKONG.. the name evokes images of gastronomic delights and great shopping. But look again. Many of the superlatives which describe Hongkong's achievements relate to trade. And although 1997 looms near, business is booming. What's in it for the investor? Read all about159 words
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ASIA-PACIFIC
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Article, Illustration618 1988-07-26 2 Winning party throws its weight behind PM Agencies THE WINNING PARTY in Thailand's general elections has thrown its support behind outgoing Prime Minister Prem Tinsulanonda in a move seen as guaranteeing that Mr Prem will head a new coalition government. Thai Nation Party,Agencies - 618 words
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342 1988-07-26 2 AP JAPAN must assure the world it will take on greater responsibilities if it wants to be trusted, according to Japanese Prime Minister Noboru Takeshita on Sunday. "Now that we have achieved a degree of internationalisation, it no longer holds that Japan can takeAP - 342 words
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177 1988-07-26 2 AFP ABOUT ONE of every four Japanese workers is afraid of being dismissed in spite of official forecasts of a booming economy, according to a Japanese government survey on Sunday. The Japanese government forecasts 4.8 per cent nominal growth in gross nationalAFP - 177 words
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244 1988-07-26 2 AFP CHINA appears to be planning an acceleration of its civil nuclear programme before the year 2000, but wants to avoid foreign aid as much as possible. Apart from nuclear stations being built or planned at Daya Bay and Qinshan, reactors with aAFP - 244 words
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134 1988-07-26 2 AFP NEW ZEALAND'S trade surplus widened sharply to NZ$B23 million (about US$555 million) in the year to June, its biggest in real terms for 15 years, the Statistics Department said yesterday. The surplus, compared with NZ$3O7 million (about US$2O7AFP - 134 words
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390 1988-07-26 2 Reuter CHINA yesterday said it needed new taxes and price increases to balance a budget strained by ballooning subsidies and a drop in the central government s share of national revenue. The People's Daily printed a speech by Finance Minister Wang BingqianReuter - 390 words
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178 1988-07-26 2 AFP CHINA'S foreign debt stands at US$3O billion and must be paid back on schedule, the official China Daily reported yesterday, quoting Finance Minister Wang Bingqian. The debt level was US$5 billion to US$lO billion bigger than western experts hadAFP - 178 words
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172 1988-07-26 2 AFP ALMOST 75 per cent of the Hongkong people would support sending Vietnamese boat people back out to sea after arriving in the British colony, according to a. newspaper survey published yesterday. The English-language South China Morning Post said 73 per.AFP - 172 words
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370 1988-07-26 2 Reuter NEW ZEALAND Finance Minister Roger Douglas will give the country's recession-hit economy little stimulus when he presents his budget on Thursday, according to financial market commentators yesterday. "Is the government going to prime the pump? No." ANZ Bank economist Andrew Hibbard said. "TheReuter - 370 words
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167 1988-07-26 2 Reuter JAPAN is due to hold its biggest joint manoeuvres with the US Navy at the same time as tha Saoul Olympics. Japanaaa navy officers and defence agency officials emphasised in Tokyo on Sunday that the exerciae to be held from mid-September to earlyReuter - 167 words
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280 1988-07-26 2 Reuter INVESTORS from Taiwan are flocking to South-east Asia as rising labour costs and the appreciating Taiwan dollar force them to look for cheaper markets overseas. Thailand and the Philippines are becoming favourite spots for investors, according to statistics released by the Economics MinistryReuter - 280 words
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Page 2 Advertisements
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Advertisement754 1988-07-26 2 '/A Now within your reach! 4 action-packed days to boost your professional growth in electronics manufacturing 14-17 September 1988 World Trade Centre Auditorium, Singapore (Held In conjunction with Asta/TtocMc *88) .—«a—'-TtntlnrfTrr Prnitiirtlnn mil hirlrifllnfl ronftmif n MATERIALS FOR PACKAGING OF SMD 14.00-14 40 "Critical Solderpaste characteristics necessary for high density754 words
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Advertisement103 1988-07-26 2 EVERYTHING YOU NEED IN A LUXURIOUS OFFICE for the price of a room! Complete facilities telex, fax, copier word processing, secretarial services, conference room, answering service, long short term lease you name it! XFISHING FOR A MEAL? Daily Set Lunch $9.00+ 4- per person Menu changes daily Special Daily Set103 words
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Page 2 Miscellaneous
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Miscellaneous229 1988-07-26 2 City Max/ Note Mtn ro Adeioide 16/12 Showers Amsterdom 25/19 Clear Atihem 34/22 C3ear lahroin 39/31 Clear ftangkok 33/26 Clear Borbodo* 30/25 Cloudy Ufng 30/22 Drizzle leirvt 30/25 Sunny fteigrode 36/21 Clear fterfln 22/20 Roh> Itrmwda 31/27 Clear Bonn 25/19 Sunny Brisbane 22/05 Fine Brussels 23/14 Oowdy ludope*t 35/22 Oeor229 words
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REST OF THE WORLD
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400 1988-07-26 3 NYT AFTER YEARS of resisting the idea of joining the European Community (EC), neutral Austria fs seriously considering full membership as the organisation's 12 members move towards the goal of a single market by 1992, according to Austrian officials and politicians. But in theNYT - 400 words
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157 1988-07-26 3 Reuter NEW HUNGARIAN leader Karoly Groaz on the first US trip by a Moscow-allied East bloc chief for 10 years met top American businessmen on Sunday at the Long Island estate of millionaire George Soros. A reform-minded pragmatist who took over from Janos KadarReuter - 157 words
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341 1988-07-26 3 Reuter UN SECRETARY-GENERAL Javier Perez de Cuellar is hoping to persuade the foreign ministers of Iran and Iraq to meet face-to-face in cease-fire talks this week, and a US official has predicted fighting would stop in a week to 10 days. Mr PerezReuter - 341 words
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344 1988-07-26 3 Reuter THE BIGGEST US industry, drought-ravaged agriculture, which faces up to US$lO billion in losses, has seen the prices of some of its raw products double and needs a multi-billion-dollar emergency aid package. That may be a gloomy picture for farmersReuter - 344 words
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319 1988-07-26 3 Reuter DEMOCRATIC presidential nominee Michael Dukakis on Sunday blamed President Reagan's big military buildup for the current Defence Department spending scandal, charging it has thrown the US military into chaos. At a news conference at St Louis, Missouri, which has a large defence industry,Reuter - 319 words
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153 1988-07-26 3 AFP THE KENNEDY political dynasty has made its debut on Rhode Island where the 21-year-old son of Senator Edward Kennedy of Massachusetts has announced he will seek election to the Rhode Island legislature. Patrick Kennedy announced on Sunday he would be a candidate in theAFP - 153 words
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270 1988-07-26 3 NYT, Reuter SPURRED BY a robust economy and a cheaper dollar, orders for US machine tools soared by 17.8 per cent in June from the previous month, the industry's trade association said on Sunday. The monthly figure, U*****.5 million, was up 88.6NYT,; Reuter - 270 words
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Page 3 Advertisements
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Advertisement292 1988-07-26 3 An Ancient Practice. Ma de Perfect. Swim Made Swm Quam Movement 10 Micron* Plating in Rodium (WNta Gold). Yafow Gold. Of Yallow Gold And Rodium Caaing Diala In Choica (X Gold. Ivory Or Whrta And Slata Gray Cngraod Cow. Option With 380" Rotating "rinqiaai Baxal Watar Raawtant To 30 Matrar292 words
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Page 3 Miscellaneous
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Miscellaneous20 1988-07-26 3 7-22 BY GARRY TRUDEAU SOMEONE HELP HE KNEW WWMY&fr 7 wSk Z2ZZ MA'AM. HELPING V HIM? 1 > 1 Si 120 words
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MONEY AND EXCHANGES
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Article, Illustration648 1988-07-26 4 Reuter STERLING THREATENS to rise sharply this week and upset the latest truce between Chancellor of the Exchequer Nigel Lawson and Prime Minister Margaret Thatcher. Economists in London said yesterday that the pound is buoyed by its appeal as a high-yielding currency afterReuter - 648 words
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195 1988-07-26 4 Reuter JAPANESE INVESTORS bought a net US$6.6l billion in foreign bonds in June through domestic and foreign securities houses in Tokyo, against US$6.9l billion in May, the Japan Securities Dealers Association (JSDA) said yesterday. Gross purchases were U*****.54 billion, up fromReuter - 195 words
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553 1988-07-26 4 Reuter THE RELEASE of second quarter US Gross National Product data tomorrow is expected to bolster the case for higher US interest rates. Market economists in New York said yesterday that GNP is expected to grow at an annual rate ofReuter - 553 words
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Article1237 1988-07-26 4 JAKARTA: The US dollar was fixed at 1687/1693 yesterday. HONGKONG: Central bank intervention in Europe yesterday pushed the US dollar off its Hongkong highs after it rebounded sharply on short-covering. The dollar closed at 1.8355/60 marks and 131.70/75 yen against 1 8280/90 and 130.80/90 in New York on1,237 words
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352 1988-07-26 4 Reuter GERMAN CALL MONEY continued to trad* at 4.40/S0 per cent yesterday, just below the 4.50 per cent Lombard emergency financing rate as banks waited for Thursday s Bundesbank council meeting, dealers said. Lingering speculation that the Bundesbank will raise the Lombard rate atReuter - 352 words
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Article, Illustration91 1988-07-26 4 AFP THE ASIAN Development Bank (ADB) has approved technical assistance grants to 13 member countries including China and Pakistan. A statement from the Manila-based bank yesterday said China will receive a US$lOO,OOO grant to help it prepare a study report on the construction of aAFP - 91 words
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Article216 1988-07-26 4 IMM currency futures were higher and near the highs of the session after the opening on Friday. Prices opened with moderate gains but moved back near lows after the release of a 0.3 per cent jump in the June index of consumer prices, brokers said. But values quickly recovered216 words
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Article72 1988-07-26 4 Reuter THE INTERNATIONAL Finance Corp. an affiliate of the World Bank, is setting up the African Enterprise Fund to help small and me-dium-sized businesses in sub-Saharan Africa. The fund, which will initially have US$6O million to invest over a three-year period, will help entrepreneurs to develop,Reuter - 72 words
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Page 4 Advertisements
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Advertisement356 1988-07-26 4 When it comes to organising an efficient conference,we're all over the place. The last thing you need when you set up an important conference, is to be let down by inadequate service or amenities. At Hyatt Hotels and Resorts, banish the thought. Because we have lots more experience at organising356 words
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Advertisement105 1988-07-26 4 YOUR FUTURE.. .THE ADVANTAGE To ensure a bright future you need CAREER GUIDANCE Our systematic assessment will help you to Know Yourself Understand your strengths and weaknesses and make them work in your favour Know Where Youll Fit Best Understand the best options based on knowledge of your personality, interests105 words
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BANKING AND FINANCE
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635 1988-07-26 5 LEONG WEN WAH - By LEONG WEN WAH DINERS CLUB in Singapore will launch a promotion blitz this September, following a global advertising campaign by its franchisor, Diners Club International. The local campaign costs nearly $2 million and will run from September to the635 words
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Article943 1988-07-26 5 ARRIVALS Operator Sorvic* Local From number time SVA SV398 0635 JED/RUH SU SQ417 0845 DXB/KHI MAS AAH651 0910 PEN MAS MH630 0920 KUL ACA AC888 0925 YYZ/LHR/IOM SU SQ103 0950 KUL CAL CI 806 1000 CGK cpx CX710 1015 CGK GU GA960 1100 CGK SU SQ105 1105943 words
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142 1988-07-26 5 Reuter THE AUSTRIAN government would have no objection to losing its majority interest in two major banks, Finance Minister Ferdinand Lacina said on Sunday. In an interview published by the news weekly Profit, Mr Lacina indicated that selling the state's majority stakee in CreditanstaltBankverein andReuter - 142 words
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64 1988-07-26 5 Reuter UGANDA was US$7O million in arrears on its U551,239 million external debt at the end of 1967. The planning ministry in Kampala said it paid U5543.6 million interest on its debt last year and repaid 126.4 million of principal. The debt service ratio debtReuter - 64 words
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Article, Illustration513 1988-07-26 5 LEONG WEN WAH - By LEONG WEN WAH THE BOARD of Commissioners of Currency. Singapore, (BCCS) will release its final batch of $1 notes by next year, sfter which it will replsce the $1 notes in circulation with $1 coins. BCCS has s stock513 words
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Page 5 Advertisements
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Advertisement65 1988-07-26 5 fI 1/ \I \|V If Il# The business person's choice, every I I II 111 1 Tuesday, Thursday, Saturday and I I 1 I \l II f Sunday. Leaving Changi Airport at I V/ I Vyy 1 i JL 22:05 hours and arriving at Lester B. Ptearson International Airport the65 words
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Advertisement65 1988-07-26 5 GIVENCHY GENTLEMAN PARIS 'W,v f 7J Op SEfe ,V SINGAPORE: GIVENCHY GENTLEMAN BOUTIQUES: #02-10 SHAW CENTRE, SCOTTS ROAD. TEL: *****94 AND #01-10 MANDARIN SHOPPING ARCADE, MANDARIN HOTEL, ORCHARD ROAD. TEL: *****48. CORNERS: METRO GRAND AT LUCKY PLAZA, METRO MARINA SQUARE, METRO ORCHARD, SINGAPORE DAIMARU, GALERIES LAFAYETTE, HALLEY*S DEPARTMENTAL STORE, MIDORI65 words
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COMMODITIES
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Article, Illustration683 1988-07-26 6 Move unlikely to boost prices over long-term Reuter NEW YORK coffee traders are expecting another global export quota cut this week, although the 1.5 million 60-kilo bag cut is not expected to balance supply and demand enough to boost prices over theReuter - 683 words
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Article89 1988-07-26 6 AFP INDIA exported chemicals worth a record US$9B4 million during the 1987-1988 fiscal year US$269 million more than the previous year, the government said on Sunday. Dyes and dye intermediates accounted for more than US$l6O million of the total, a jump from the US$75 million theyAFP - 89 words
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Article376 1988-07-26 6 Reuter THE US has increased its 1988 sugar import quota by 300,000 short tonnes and eliminated Panama's share of the US market. The US Trade Representative's Office said on Friday that the rise in the quota to 1,050,000 short tonnes meant sugar-pro-ducing developing countries, exceptReuter - 376 words
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523 1988-07-26 6 Reuter FALLING oil and natural gas prices have dimmed prospects for a marked resurgence in US oil drilling this year, according to industry executives and analysts on Sunday. In the first half of this year "domestic drilling results have gone from badReuter - 523 words
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185 1988-07-26 6 Reuter TURKEY oil imports from Iraq more than doubled in the first five months of 1988 to 5 89 million tonnes worth U*****.6 million from 2.55 million tonnes and U*****.4 million in the same period of last year. Oil industry sources in AnkaraReuter - 185 words
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380 1988-07-26 6 Reuter IVORY COAST, playing a waiting game with its hug« stock of unsold cocoa, is coercing buyers to pay premium prices. An official of the Caisse de Stabilisation, the country's agricultural marketing body, said last week that the Ivory CoastReuter - 380 words
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Article260 1988-07-26 6 Bernama CONTINUED high global demand is expected to boost Malaysia's rubber production to a record 1.62 million tonnes this year, a top Malaysian Rubber Exchange and Licensing Board official has said. Chairman Datuk Haji Ahmad Sabki Jahidin said based on the current trend, the level wasBernama - 260 words
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203 1988-07-26 6 NYT THE US steel industry is battling to win a bigger piece of the beverage can market it once dominated. Steel makers say that higher aluminum prices and better technology have made their product competitive again. The campaign to regain more of aNYT - 203 words
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Article63 1988-07-26 6 Bangkok dosing prtcwi en July 25 (USS/tonr*, FOB) White Rice 100% IK don 355 100% 2nd ckm 320 100% 3rd dots 315 5% 310 10% 305 '5% 295 20% 293 25% 290 35% 285 Broken Rice A-l Sup*' 245 A-l Sp«clol c-1 SpweW C-1 Ord Loonzain Rice 100%63 words
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Article184 1988-07-26 6 Reuter HONGKONG: Gold yesterday closed little changed in fairly quiet and directionless two-way trading. Bullion ended at U*****.60/443.10 an ounce against an initial U*****.20/70. On the local market, gold closed unchanged at HK54,128 a tael. Coins were generally lower with the Krugerrand falling HKSS to HK53,445. The MapleReuter - 184 words
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156 1988-07-26 6 Bernama AN OUTBREAK of cocoa disease caused by cocoa moth has been reported in Sarawak's cocoa-growing areas of lower Samarahan region. The state agriculture department, in the latest issue of the Farmers' Bulletin yesterday, said that some of the areas affected are Sungei BakoBernama - 156 words
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173 1988-07-26 6 Reuter SOLID DEMAND is expected at the opening sales of the 1968/89 Australian wool selling season this week. The Australian Council of Wool Exporters in Sydney said yesterday that trade reports indicated business had been written for August/September delivery and demand had builtReuter - 173 words
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Article47 1988-07-26 6 Reuter THE PRESIDENT of the Venezuelan state aluminium company Aluminio del Caroni (Alcasa). has resigned while an investigation against him and other company officials continues. a newspaper reported on Sunday. Celestino Martinez told the paper he is willing to co-operate in the investigation. ReuterReuter - 47 words
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Article50 1988-07-26 6 TOKYO Rubber futures closed firmer yesterday on small lot buying reflecting bullish sentiment from the last week, dealers said. Prices were 0.9 to 1.9 yen per kg firmer. Speculative buying pushed prices higher, dealers said. The dollar's rebound to 131 yen also helped future prices rise, they also said.50 words
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Page 6 Advertisements
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Advertisement189 1988-07-26 6 1 V/. WS I i m 6J4. dcn'¥ draco a tine, be+toten bus/'/)eSs arid holiday. Not here. 'Sari Pacific Jatarta t tjo u 'II think you're on holiday even oohen on business. It's not thai- you'll be out °f hne Rather, it's the hj<*y the. hotel u>>th heart makes you189 words
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Advertisement121 1988-07-26 6 A* I.T .J Congratulations Best Wishes to Mr. Stephen Lee Managing Director of Great Malaysia Textile Manufacturing on the occasion of being elected the new president of the S'pore National Employers' Federation DHJ Industries (Far East) Ltd Hong Kong DHJ Industries Distribution (S) Pte. Ltd. Pan I Warehouse Complex, *04-06121 words
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Page 7 Advertisements
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Advertisement285 1988-07-26 7 s fig:- tljm >~" **2g&£. 2R»?VU irji VA.dTT** t'r 2*i mmm mmMM m wn *UL <■/ a®i ♦*•*.>- 4' ,X-£j&>&*!£Q V 4£ WPSfs reTwi L M** i J* ir^v if£ni^TW-*'33 x#l q vv<. -vi <*«. -*csi j vf* .V ♦•tJC.'. v V "S^*^*' dPm v >' VjM Bte -f* »L>285 words
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PERSPECTIVE
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Article518 1988-07-26 8 THE BABY BUST has caught up with employers. There are fewer and fewer young people joining the work force each year and current demographic trends suggest the labour force will grow even more slowly in the years ahead. A tight labour market is a fact of518 words
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Article, Illustration1616 1988-07-26 8 GENEVIEVE CUA - the a/ new* paper The return of the afternoon tabloid Singapore gets its first lunchtime dose of 'fast news and good fun' as The New Paper rolls off the press today. It has had nine years in gestation and three months of hard-sell, but1,616 words
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REGIONAL VIEWPOINTS
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Article298 1988-07-26 9 Our weekly summary of what other publications have to say about issues of regional interest. INDONESIA "The rate of deforestation in Indonesia has been estimated by the World Bank at over 900,000 hectares a year. But the bank underlines that the estimate is very rough, indicating that298 words
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Article302 1988-07-26 9 MALAYSIA "Both Malaysia and Singapore ha/e lived as good neighbours since the bitterness and trauma of separation in 1965, and despite a few jitters over the past couple of decades. Feathers had recently been ruffled and tantrums raised on both sides of the Causeway. But, really, both countries302 words
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Article228 1988-07-26 9 THE PHILIPPINES "In their call for an end to the war and renewed peace talka between the Aquino government and the National Democratic Front, the Catholic Bishops' Conference of the Philippines sounded like a voice crying in the wilderness searching for a way to stop228 words
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Article372 1988-07-26 9 HONGKONG "The Governor, Sir David Wilson, took the initiative to redeem the tarnished image of Hongkong in his speech in the City of Lon- don on Wedneeday. Speaking to an intarnational buainaaa audience for the first time since laat October, when the Hongkong stock market crashed and372 words
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Article, Illustration587 1988-07-26 9 NYT IN HIS 26 YEARS of unchallenged rule in Burma, U Ne Win, whose name means "brilliant as the sun", has preserved the facade of Burmese independence while turning a country with extraordinary economic potential into one of the poorest nationsNYT - 587 words
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Page 8 Miscellaneous
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Miscellaneous649 1988-07-26 8 CRYPTIC PUZZLE ACROSS 3 More than a row of people (5) 8 Test some of the works of a car (5) 10 One putting the emphasis on masculinity (2, 3) 11 A consolatory note? (3) 12 Figure during a meal as a decoration (5) 13 Read in super style by649 words
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Miscellaneous29 1988-07-26 8 THE. N£XT DOOR OI THE. RIGHT isTvte eoyitJG dgIprRTOT&NT TH€J?& ITIS B BUSTLING. H»V£ OF Ff?GN"Zieo ACTiViTy. TH6. ONE JPtfRiNG NOTe »S ORtSTC*«J 6UGHlfeje-NTH IN UNEfQRCHIEF BU^R.! KC£JP VOCE29 words
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Page 9 Advertisements
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Advertisement0 1988-07-26 9 :_.;\?;}('{"]`,>~%)_$~+*<,.|?^*0 words
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Advertisement331 1988-07-26 9 k* «l .mi n» Nothing can beat the fresh, relaxing 71 sights and sounds of country living, and at Springwood, spring is in the air everyday of the year. Ideally situated at Jabn Mat Jamboi, j off Pasir Panjang Road, Springwood I is just 20 minutes from the City and331 words
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Page 9 Miscellaneous
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Miscellaneous1180 1988-07-26 9 Wi &EIOIMDQ© B 12 PM Opening Announcement and Progromme Highlight* followed by Carol Bwntfl And Friends. In Search Of The Trojon War The Legend Under Siege. You Don't Hav« To Be Irish. Have a too-tapping, hand-dapping and foot-stomping timo in this happy-go-lucky swingaiong musical writs that captures the magic of1,180 words
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SPORTS & LEISURE
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Article, Illustration532 1988-07-26 10 UPI HENRI LECONTE and Guy Forget staged a formidable comeback against Mats Wilander and Anders Jarryd on Sunday to keep the French upset hopes alive in the Davis Cup semi-finals against trophy holder Sweden. The French outfinessed the steady Swedes 4-6, 9-7, 6-2, 6-2 inUPI - 532 words
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196 1988-07-26 10 AP TOP SEED Jimmy Connors, vying for his first tournament title in nearly four years, advanced to the finals of the U*****,050 D C Tennis Classic on Sunday with a 6-4. 6-0 victory over Aaron Krickstein. Connors, who has never lost toAP - 196 words
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Article, Illustration258 1988-07-26 11 UPI SWEDEN'S Liselotte Neumann became the second straight European to claim the most coveted prize in American women's golf on Sunday, steadying herself after a disastrous double-bogey to capture the 43rd US Women's Open. Neumann, who decided to try her luck on the LPGA TourUPI - 258 words
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Article133 1988-07-26 11 UPI JACK CLARK hit a three-run home run in the sixth inning on Sunday, boosting New York to a 10-6 victory over the Kansas City Royals after the Yankees had blown a seven-run lead. Clark's two-out homer brought the Yankees back from an 8-7 deficit.UPI - 133 words
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Article, Illustration621 1988-07-26 11 AFP PEDRO DELGADO, wearing what has become a whitewashed leader's yellow jersey, has dragged the name of cycling through the dirt as he became only the third Spaniard to win the sport's greatest and most gruelling race in Paris on Sunday. The Tour deAFP - 621 words
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Article263 1988-07-26 11 AP RISEN STAR'S owners are convinced the Preakness and Belmont Stakes winner will be as successful on the breeding farm as he was on the race track. "Northern Dancer is gone. Bold Ruler is gone. They need a new king and that new king isAP - 263 words
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Article140 1988-07-26 11 AP FORMER World Boxing Association heavyweight champion James "Bonecrusher" Smith, who plans to begin a comeback on Saturday in Atlantic City, says his opponent for the bout is uncertain. Smith, who will fight on a card that features a WBA junior middleweight title match between Julian JacksonAP - 140 words
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Article, Illustration210 1988-07-26 11 AFP EDDIE LAWSON of the US got a lucky last lap break to score a vital victory over his Australian rival Wayne Gardner in the French 500 cc motorcycle Grand Prix in Le Castellet on Sunday. After he took control of the race, theAFP - 210 words
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Page 10 Advertisements
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Advertisement772 1988-07-26 10 Where to eat, drink... Grills Greens m v f S ik A choice of 18 salads, five cold cuts, soup, three roasts, eight grills 12 desserts. What more could you ask for? The entire buffet spread is yours for $25.50 per adult $15.00 per child under 12. For lunch only772 words
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Advertisement143 1988-07-26 10 Oriental Buffet Lunch July 16-31 $11.50 (Adult) $6.50++ (Child) Friday Fashion Fare *1.15 pm July 22 6 29 Lucky Draw! HIGH TEA Fri, Sal Sun 3 pm 6 pm $7.00+ (Adult) $5.00+ (Child) (C*rS) rSHGABom gj tzxco/uor note/ 5 Coleman Street Singapore 0617. Tel: *****33 i m m A delicious143 words
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Page 11 Advertisements
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Advertisement454 1988-07-26 11 and entertain ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET AMTTHER IS THE CHOICE OF MAIN COTRSHS. PALM For between $26++ and $40+ you can select from our appetiser vjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish454 words
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Advertisement91 1988-07-26 11 SHERRY SMALLTALK HARVEYS BRISTOL CREAM is the smoothest-ever sherry, thanks mainly to John Harvey's hatred of rough waters. The son of sea-dog Thomas Harvey, who drowned on the high seas in an Atlantic Ocean hurricane, John not surprisingly flatly refused to follow in his father's footsteps by taking up a91 words
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Page 11 Miscellaneous
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Miscellaneous16 1988-07-26 11 f Play golf 333C 7" 2 as* W I ft r...TMIS W1U. MtlP YtXJ TO MAKE16 words
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REGIONAL MARKETS
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Article1359 1988-07-26 12 Hongkong LATE BARGAIN-HUNTING helped Hongkong share prices finish off the day's lows yesterday, but the market's underlying sentiment remained bearish due to the impact of the falling US dollar on Wall Street, brokers said. The Hang Seng Index finished 14.36 points lower at 2,647.41 and the broader1,359 words
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Article103 1988-07-26 12 Reuter A JOINT VENTURE by Toshiba Corp and Samsung Electronics Co Ltd to make video tape recorders has been delayed indefinitely by changing economic conditions in South Korea. A Toshiba spokesman said: "We had planned to start last April, but because of the rising wonReuter - 103 words
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Article509 1988-07-26 12 Reuter TOKYO SHARE prices closed lower yesterday after profit-taking on some electrical, precision instrument and car sharee, brokers said. Investors also held back ahead of the release of US second quarter preliminary groes national product (QNP) figures scheduled for tomorrow, they added. The Nikkei Index fell 117.61 points, orReuter - 509 words
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Article412 1988-07-26 12 Reuter THE AUSTRALIAN share market trimmed its earlier declines by the dose yesterday, propped up by strength in the resource sector, brokers said. As the industrial sector succumbed to selling pressure, the resource sector showed reaaonable reailience, one broker commented. "We could aee a weighting in the baae metalReuter - 412 words
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Article156 1988-07-26 12 Reuter THE SECURITIES Exchange of Thailand Index fall 1.94 points to 455 56 yesterday on s turnover of 2.904,677 shsres worth 324.23 million baht. JULY n BAMT Ao Kham Thai Ayudhya Inveelmwi Bangkok A«ro-»nd Bangkok Bank Bank Of AyudTry* Charoong Thai Win A Cabia 460 L 460 130 323Reuter - 156 words
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Article284 1988-07-26 12 JULY If MT 1 All Slncara Indua S 80 -0 06 Asia Camant MOO •1 Cathay Coos 100 00 -35 Chang Hwa Bank. 626 00 *6 44 10 -1 Chla Hain Camant 60 50 -1.5 Chin Hatn Flour 26 00 0 1 China Oam 53 00 -2 230 00284 words
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Article60 1988-07-26 12 JULY n PUOt Acof Mining Anglo PWI Ap«x Mining B Atlaa Coo B. 0.041 unch Boguto Gold B«ngu«l Con B Flr»t Phil Mt<Jg» Lopanto B Marcoppor MirttMl Oriental B PMI OVMMH Phi** B 0 30 unch Picop B PLC* 223 -t-8 San Miguel B 220 +1 Sim* Darby Surigao60 words
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316 1988-07-26 12 FT JAPAN'S Ministry of Finance (MOF) wants to set new rules to limit the sale of shares of a company prior to its listing on a stock exchange. The move comes in the wake of the so-called Recruit scandal over secret windfall profitsFT - 316 words
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372 1988-07-26 12 Reuter SHAREHOLDERS in The Broken Hill Pty Co Ltd have erased the last major trace of Mr Robert Holmes a Court in their company when they approved cancellation of 300 million BHP shares. An extraordinary meeting voted overwhelmingly to cancel the shares, which were boughtReuter - 372 words
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Article70 1988-07-26 12 Reuter SUMITOMO Metal Industries Ltd has started research into superconductivity, a company spokesman said. Superconductivity is a property of some metals, alloys and chemical compounds which allows electrical resistance to fall to minimal levels at low temperatures. The research is being undertaken by a team atReuter - 70 words
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Article143 1988-07-26 12 AFP WESTERN AUSTRALIAN businessman Kevin Parry has been sacked from the board of directors of Indo-nesian-based gold mining company Pelsart Resources. the company said on Friday. A Pelsart shareholders meeting in Perth voted overwhelmingly to remove Mr Parry, who led Australia's unsuccessful defence of theAFP - 143 words
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Page 12 Advertisements
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Advertisement740 1988-07-26 12 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I CHEW SAY TECK of No 7-B Hua Guan Avenue Singapore (2158), has applied for a Wholesale Liquor shop licence in respect of premises at M/s Baystream Marketing Pte. Ltd. at 6001 Beach Rd #1004 Golden Mile Tower Singapore (0719), and that this740 words
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Advertisement379 1988-07-26 12 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF BSI PROPERTY SERVICES PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act Cap. 50 that a Final Meeting of the members of the379 words
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Advertisement680 1988-07-26 12 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF CLEARSKIES TRAVEL TOURS PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No.680 words
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Advertisement329 1988-07-26 12 SIM LIM FINANCE LIMITED (Incorporated in the Republic of Singapore) ACQUISITION OF SHARES IN SIM LIM FINANCE LIMITED BY KEPPEL CORPORATION LIMITED The Directors of Sim Lim Finance Limited ("SLF" or "Company") wish to inform shareholders that Keppel Corporation Limited ("KCL") has announced that it has entered into a conditional329 words
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INTERNATIONAL COMPANY NEWS
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211 1988-07-26 13 Reuter RACAL Electronics PLC said on Sunday it would release yesterday plans to float 20 per cent of its Vodafone cellular radio business, which stock market analysts believe could be worth about £500 million. Racal executives were not available to comment on aReuter - 211 words
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182 1988-07-26 13 NYT DREXEL BURNHAM Lambert Inc told its employees last Friday that it could no longer be certain that it would receive 24 hours' notice before the Securities and Exchange Commission brought charges against it. SEC commissioners have authorised lawyers in the enforcement divisionNYT - 182 words
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202 1988-07-26 13 AP A FORMER E F Hutton broker was sentenced last Friday to three months in prison and fined US$3,OOO for his part in a moneylaundering scheme at the firm's Providence office. Brian J Lareau, 46, could have been sentenced to six years inAP - 202 words
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282 1988-07-26 13 AFP THE LUXURY sports car manufacturer Porsche is to slash the number of its dealerships in the US by a third as part of a move to strengthen its sales network, chairman Heinz Branitzki has said. Mr Branitzki, inAFP - 282 words
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109 1988-07-26 13 Reuter OCCIDENTAL PETROLEUM Corp chairman Armand Hammer said Hungary may be asked to participate in a petrochemical joint venture in the Soviet Union. "I think it's very likely that we and our partners will consider in our feasibility study the possibility ofReuter - 109 words
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533 1988-07-26 13 Reuter THE RESTRUCTURING proposed by Macmillan Inc now looks ever more tenuous in the face of two higher bids which will probably result in the sale of the publishing and information company. "The board is faced with the fiduciary responsibility to try and getReuter - 533 words
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Article, Illustration749 1988-07-26 13 Debt of USs663m to be repaid to 17 banks over 20 years NYT THE HUNT BROTHERS of Texas have proposed a formula that calls for their Placid Oil Co to repay U*****.5 million in cash to a group ofNYT - 749 words
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Article, Illustration987 1988-07-26 14 FT "THERE ARE no tricks for finding good talent in writing and editing," says Howard Kaminsky, president of the Hearst Trade Book Group, as he reflects on a continuing spate of turbulent change in the US publishing industry. "Our job is toFT - 987 words
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Article, Illustration831 1988-07-26 14 BEN BOBBIN - BEN BOBBIN looks at the struggle for control of the venerable Savoy Hotel BEN BOBBIN AP THE SAVOY, the Edwardian dream hotel on the Thames that still makes its own mattresses and decorates each room differently, is under siegeAP - 831 words
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Article894 1988-07-26 14 FT THERE IS A seamless quality to the Kerkorian story Fortune magazine carried in November 1968. It said: "As a youngster, he bought and sold used cars; after the war, he bought and sold airplanes, in middle age he buys and sells companies." And in oldFT - 894 words
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Page 13 Advertisements
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Advertisement1229 1988-07-26 13 CONSOLIDATED BALANCE SHEET (US dollar amounts In thousands) 111 Bank of America NATIONAL TRUST AND SAVINGS ASSOCIATION AND SUBSIDIARIES T REPORT OF INDEPENDENT ACCOUNTANTS December 31 Assets Interest-earning deposits 5.205,000 3,620,000 Investment securities 6,292,000 5,000,000 Trading account assets 1,648,000 3,056,000 Federal fluids sold 3,255,000 2,410.000 Securities purchased under resale agreements1,229 words
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Page 14 Advertisements
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Advertisement435 1988-07-26 14 ©QJUXI ©OGmS MALAYAN CEMENT BERHAD (Incorporated in Malaysia) PRELIMINARY ANNOUNCEMENT OF PROFITS DIVIDEND The Directors announce the unaudited results of the Group and of the Company for the first halfyear ended 31st May 1988 as follows:— Company Turnover Operating profit Share of results of associated companies Profit before taxation Taxation435 words
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Advertisement66 1988-07-26 14 BURO 4 k Tefc *****00 FiJC *****49'Tct0c RS WHY SETTLE FOR LESS? INSIST ON THE BEST! YORK SPARE PARTS CENTRE 284 5722/*****54 1 mim j.: 4 ft! I U' 'J 3 For your convenience YORK spore ports ore now available over the counter YORK Al RCON DITIONING AND REFRIGERATION, INC.66 words
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COMPANY NEWS
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496 1988-07-26 15 Reuter AUSTRAL ASIAN food group Goodman Fielder Wattie Ltd (GFW) is confident its hostile bid for Britain's Ranks Hovis McDougall PLC will succeed, GFW managing director Duncan McDonald said. The £4.65 a share offer, which values Ranks at £1.7 billion, wasReuter - 496 words
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Article, Illustration1278 1988-07-26 15 FLORENCE CHONG - By FLORENCE CHONG, Writing for BT from Beijing ROBERT KUOK and his family are involved in property developments valued at more than US$5OO million in China. Their commitment ranks them as one of the largest property investors from overseas with interests1,278 words
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Article24 1988-07-26 15 Company BONUS ISSUE S P P One-for-lwo Ex-date: NYA Books close: Aug 1 Tuan Sing One-for-lO Ex-date: NYA Books dose: Aug 124 words
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Article281 1988-07-26 15 Company RIGHTS ISSUE AMDS One-forfour $0.50 per shore C 1 Holdings 27 million loon stocks in the ratio of $3 loan stock for every five ordinory shares held C K Tang One-for-two $2 25 per share Each rights comes with two detachable TSRs The exercise price for the281 words
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979 1988-07-26 15 MBT THE UNDERWRITING business in Malaysia, a major contributor towards the fee-based income of merchant banks, has seen several significant developments in recent months. While Raleigh's proposed seven-for-two rights issue is all set to make its mark with the biggest number of underwriters everMBT - 979 words
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267 1988-07-26 15 MBT SOUTH PACIFIC Textile Industries has become a 71.11 per cent subsidiary of Berjaya Corp (Malaysia) following the completion of Berjaya's cash offer last Friday. Aseambankers Malaysia, acting for Berjaya, said that at the close of the cash offer, complete acceptances were received forMBT - 267 words
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Article248 1988-07-26 15 MOUNT PLEASURE HOLDINGS Berhad: 27th AGM at Banquet Hall. Ferringhi Beach Hotel, 12.5km Batu Ferringhi Road, ***** Batu Ferringhi, Penang, on Thursday, July 28, at 11am. BUKIT Sembawang Eatatea Limited: 22nd AGM at 19th Floor, OCBC Centre. Chulia Street. Singapore 0104, on Friday. July 29, at noon. GENERAL248 words
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Article152 1988-07-26 15 Bernama EMTEX Corp Bhds whollyowned subsidiary, Aflaliem Sdn Bhd, has proposed to sail to two foreign developers a piece of Johor property for development into an international five-etar hotel resort. Agaliem entered into an agreement on July 5 with Mr Henry Ruaaell Kaye, an Auetralian.Bernama - 152 words
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Article483 1988-07-26 15 Cwi—1 b ■tola Date Total tor Total tor MPM Ma doe* payabta ■to yaar last year Ale* Hldgt 4%W Aug 30 Sap9 Sap 26 4% 4% Ayr Motok 10% M Jun 3* Jul 13 Aug 5 20% 20% 6 S#fnbowon^ 15% to) Jul 19 Jul 30 Aug 12483 words
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Page 15 Advertisements
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Advertisement71 1988-07-26 15 BULLS OR BEARS. Whichever way the stock market is heading, you can look to us for financial assistance to help build a sound investment portfolio. Our Share Financing Scheme provides up to 70% financing. And at rates as low as 6.75% p.a. Find out more. Call 222-1355 today. Standard ft71 words
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Advertisement81 1988-07-26 15 This announcement appears as a matter of record only "W TAI WAH HOLDINGS PTE LTD (Incorporated in Singapore) Acquisition of 20% of the issued share capital by ELDERS PICA ASIAN GROWTH FUND LIMITED a regional venture investment company under the management of A ELDERS PICA (PTE) LTD a member of81 words
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Article, Illustration691 1988-07-26 16 Alatas urges parties to put aside differences Agencies INDONESIA LAUNCHED informal Cambodian peace talks yesterday, bringing together the two warring camps (or the first time since Vietnam invaded its neighbour almost 10 years ago. The Cambodian factions have been urged to put aside theirAgencies - 691 words
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Article, Illustration251 1988-07-26 16 AP WAL-MART STORES founder Sam Walton and his family remained the wealthiest people in the United States last year even though the value of their stock lost more than US$l35 million, US News and World Report says. The Waltons, whose stores are fixtures in small-townAP - 251 words
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159 1988-07-26 16 Bernama MALAYSIAN Prime Minister Oatuk Seri Dr Mahathir Mohamad yesterday underscored the importance of the various communities in the country placing their confidence in Umno as the party forming the backbone of the national administration. He hoped the people's confidence and trustBernama - 159 words
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246 1988-07-26 16 AP PARTIES that formed the last coalition government of Prime Minister Prem Tinsulanonda gathered 58 per cent of the votes in Thailand's general election, but political analysts in Bangkok yesterday predicted that Prem's probable return to power will be beset by problems. "The newAP - 246 words
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245 1988-07-26 16 Reuter JAPAN'S institutional investors, who own a huge chunk of America's debt, are concerned that neither US presidential candidate is focusing enough on cutting the huge US budget deficit. Many Japanese investors think a victory for Republican George Bush in the November election wouldReuter - 245 words
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81 1988-07-26 16 Reuter A SENIOR Japanese politician yesterday apologised (or his remarks about American blacks. "I had no intention of discriminating against American blacks." said Michio Watanabe, a top member of the ruling Liberal Democratic Party and possible future candidate for prime minister. "I want to apologiseReuter - 81 words
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359 1988-07-26 16 AFP PRESIDENT Corazon Aquino warned in a state of the nation address yesterday that the Philippines would take more radical action to solve its foreign debt problem if creditors failed to ease repayment terms. Mrs Aquino also ordered the disbandment of armedAFP - 359 words
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120 1988-07-26 16 AFP TAIWAN is to set up trade centres in Tokyo and Osaka to help exporters penetrate the Japanese market and reduce their dependence on the US, the China External Trade Development Centre said yesterday. The centres complement three similar beachheadsAFP - 120 words
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Article106 1988-07-26 16 Reuter COMEX gold futures fell on oddlot selling against a firm dollar in early trading yesterday, but the bulk of the early activity was in 'rolling' from the nearby August delivery ahead of First Notices Day on Friday. The August contract lost US$2.3O at U*****.60 anReuter - 106 words
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LATE FILE
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Article39 1988-07-26 16 Reuter CHINA Mid yesterday that it would make imoktn and tipplers dig deeper into thair pockets by raieing prices up to 500 par cant as part of its ambitious programme of price reforms. ReuterReuter - 39 words
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Article74 1988-07-26 16 UPI THE Nestle food giant said yeaterday that it now haa 85 per cent of the shares in British candy company Rowntree and may well obtain a full 100 per cent holding. A spokesman in Vevey said the company would be required to purchase allUPI - 74 words
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Article57 1988-07-26 16 AFP INDIAN Prim* Minister Rajiv Gandhi yesterday ruled out early general elections, saying there was no reason to "short-circuit the people's msndate". Dismissing prees reports that growing opposition moves towards a united front might push him into early polls. Mr Gandhi said the poll wouldAFP - 57 words
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Article38 1988-07-26 16 UPI IRAN yesterday reported more fighting in its Gulf war with Iraq, one day following the arrival of a UN team in Teheran to prepare for a ceasefire in the eight-year old conflict. UPIUPI - 38 words
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Article39 1988-07-26 16 AFP AN UNPRECEDENTED strike by Armenians in the disputed enclave of Nagorny Karabakh ended peacefully yesterday in what was generally seen as a major coup for the policies of Soviet leader Mikhail Gorbachev. AFPAFP - 39 words
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Page 16 Advertisements
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Advertisement250 1988-07-26 16 FOR SALE^^/.^] PRIME PROPERTIES RESIDENTIAL/LAND 22 ST. MARTIN'S DRIVE Located Off Tanglin Road Land area 1,231.7 sq.m Built-in area 1,096.4 sq. m Freehold Potential for redevelopment Selling with vacant possession 3 storey detached house with double storey outhouse SHOPS OFFICES i# vi'UL'iJ.'.i.l #11-01 to #11-07, 19 Tanglin Road Built-in area250 words
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Advertisement3 1988-07-26 16 Sm PAGE 2 <::%[*$$"@]^=\{[*_@~>~/@]"*\@[-3 words
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Advertisement362 1988-07-26 16 Singapore 5E3 E3 4 THE ASIA-PACIFIC PETROLEUM CONFERENCE '88 The Premier Meeting Place for the Oil Industry.... The fourth conference in this annual series will be an even larger international forum tor top-level traders, refiners, producers, executives and corporations in the oil industry. CONFERENCE HIGHLIGHTS Opening Address by Brigadier-General (Reservist)362 words
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Advertisement0 1988-07-26 16 '[|,*!>|!@()&_>)-=+?}:]`"&<+}(~0 words
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SHIPPING TIMES
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535 1988-07-26 17 G DURAIRAJ - By G DURAIRAJ LINER OPERATORS and ports are worried that inland transport operators are not sufficiently geared to meet the sharp increase in container movement in Malaysia Shipping sources said the inland container operators, namely the road hauliers,535 words
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146 1988-07-26 17 A NEW association has been formed to upgrade the quality of container yard services in Philippines as well as standardise rates. The Container Yard Association of the Philippines comprises 11 companies which control some 90 per cent of the container depot business in146 words
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180 1988-07-26 17 AP A CEASEFIRE in the Irani-an-Iraqi war means the United States would reduce its naval forces in the Gulf and halt the escort of tankers "as soon as we judge it safe, prudent to do so," US Defence SecretaryAP - 180 words
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PORTSIDES
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Article95 1988-07-26 17 Reuter THE Japan/lndia-Pakistan-Gulf/Japan Conference will raise the Extra Risk Insurance Surcharges (ERIS) to a minimum of 7.5 per cent from 5 per cent for all cargoes to Iranian and Iraqi ports. The same upward revision will also apply to all break-bulk cargoes to non-Iraqi Arab ports withReuter - 95 words
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Article76 1988-07-26 17 WITH the export boom, US exporters are faced with acute space shortage, particularly for shipments to ports in Japan, Hongkong. China, Taiwan and South Korea. US exports to the Far East increased by 32.6 per cent to about 5.3 million tonnes in the first quarter76 words
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Article69 1988-07-26 17 TORONTO-BASED Traffic Ltd has announced the introduction of a new groupage service from Canada to Singapore, with transhipment to other Southeast Asian destinations The NVO service, which is operated as Canada Container Express, offers weekly sailings with a 21-day transit between Halifax and Singapore. Cargo is de-consolidated69 words
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Article74 1988-07-26 17 Reuter TWELVE passengers and 23 crew were rescued after fire swept a Greek cargo ship in the Aegean Sea, a Merchant Marine Ministry spokesman said. The 1.497-tonne Alexandros, carrying about 75 cars and trucks, sent a distress signal reporting a fire in the cargo area early onReuter - 74 words
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576 1988-07-26 18 FT THREE YEARS AGO, the idea of sending a shipment of peat moss on a lazy tropical voyage from Europe to Australia via Tahiti and New Caledonia may have seemed a trifle uneconomical. especially to the exporter. But since Hyundai Merchant Marine, theFT - 576 words
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Article, Illustration128 1988-07-26 18 MITSUI OSK recently inaugurated its second container terminal in the US west coast. The Seattle facility, which spreads over 9.57 hectares, provides 430-me-tre of deep-water berth with two 50LT super gantry cranes. The terminal, managed by MOL's subsidiary Trans Pacific Container Service Corporation, will expand128 words
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Article781 1988-07-26 18 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrons 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 VI781 words
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384 1988-07-26 19 WORLD-WIDE (Shipping) has accused Hyundai Heavy Industries of trying to renege on three shipbuilding contracts. Orders for three 250,000-dwt supertankers were placed by companies associated with Sir Y K Pao in the second half of 1986. They were scheduled to be delivered within the384 words
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197 1988-07-26 19 New China News Agency THE AMOUNT of freight carried by government-owned China Ocean Shipping Co (Cosco) reached 35 million tons for the first half of this year, China Daily reported. A senior official at the company said Cosco could break itsNew China News Agency - 197 words
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Article54 1988-07-26 19 AFP POLICE in Venezuela questioned the 49 crew members on Sunday of a Polish ship detained two days ago when officials discovered the vessel was carrying 160 cases of weapons. Authorities seized the 153-metre ship Kuzlika in the Port of Guaranao. The vessel apparently had been sailingAFP - 54 words
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259 1988-07-26 19 KINGSLEY WOOD - By KINGSLEY WOOD, Writing for BT from Sydney STEVEDORING deals involving the Waterside Workers Federation are now working or under discussion at seven Australian ports. Since the joint stevedoring idea surfaced a few months ago, the wharfies have made deals with companies in Mackay, Queensland,259 words
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125 1988-07-26 19 AFP NINETEEN people were killed and some 159 remain missing after a passenger boat capsized on a Yangtze River tributary last week, the official China News Service said. The agency, giving new casualty figures, said rescue workers were expecting to discover more bodiesAFP - 125 words
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Article299 1988-07-26 19 AFP FOLLOWING the surprise announcement that Iran had accepted the UN resolution for a ceasefire in the Gulf war, crude oil prices have see-sawed over the past week, giving a boost to rates on the tanker market. London brokers E A Gibson said in their latest report. DespiteAFP - 299 words
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309 1988-07-26 19 International Transport Journal THE NEW container terminal at the Egyptian port of Port Said is expected to commence full-scale operations in September, when the two 40-ton capacity gantry cranes become fully operational. The two Liebherr PI2BB ship-to-shore gantries were ordered fromInternational Transport Journal - 309 words
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8477 1988-07-26 24 §®aBS)(!EB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of8,477 words
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Article1386 1988-07-26 25 AT CONVENTIONAL WHARVES Cohoyo Haropon 12/3 alongside 26 07'2300 Demi Seroyo Jl alongside 26 07 0500 Vessel OB i Arrival Departure ET Offshore II Kyowo Breeze J3 J5 alongside alongside 26 07 2300 26 07/1500 KEPPEL WHARVES PulOu Sumotero J3 alongside 26 07/2300 Boizenburg K26 alongside 271,386 words
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Article1217 1988-07-26 26 NO APPRECIABLE change in rate structure occurred in the London shipping freights market in Friday during a rather quiet end to the week On the key US Gulf-Japan grain voyage. Dreyfus paid US$l9 25 fio (basis no combination ports) for the Gretchen W to work a 52,000-ton early1,217 words
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Page 17 Advertisements
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Advertisement786 1988-07-26 17 ~°v TIMES STP Distributors OOCL OKJENT Container LINE Mgents JARDINE SHIPPINC AGENCIES (Re« No *****4 00K) tllVf# 200 Cantonrrwnt Road #12 05 Southpomt. Sngapo"? 0208 All If/ Tel *****11 TELEX NO RS ***** |f *TTTBI| TERMINAL CFS Tel *****18 220 I WaV/I BOOKINGS Tel *****34 235 JARDINE SHIPPING AGENCIES SON786 words
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Advertisement79 1988-07-26 17 MLD3 THREE YEARS AGO, the idea of sending a shipment of peat moss on a, lazy tropical voyage from Europe to Australia via Tahiti and New Caledonia may have seemed a trifle uneconomical, especially to the exporter. But since Hyundai Merchant Marine, the South Korean shipping company, inaugurated its slow79 words
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Advertisement453 1988-07-26 17 FESCO LINES FAR-EASTERN c SHIPPING COMPANY Regular Services To SOUTH EAST ASIA, JAPAN, INDIA Agent: Singapore Soviet Shipping Co Pte Ltd TEL: 535 2333 MAERSK LINE WE PUT YOUR CARGO ON THE TRACK TO THE U.S. GULF Feeder from| Port Malaysia Kelang This MH Am M 8010 CY 27/7 2300453 words
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Page 18 Advertisements
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Advertisement563 1988-07-26 18 EAST BOUND TO USA FULLY CONTAINERISED TRANS-PACIFIC WEEKLY SERVICE 1 Aleuts: BOUSTEAD SHIPPING AGENCIES Til: *****66/*****89/*****36 Tlx: RS ***** Fix: *****71 COMPAGNIE MARITIME D'AFFRETEMENT REGULAR CONTAINER SERVICE FAR EAST TO EUROPE/MEDITERRANEAN WEST AFRICA OUTBOUND TO NORTH EUROPE AJm accarfMi cargo to >11 U.K. tattutioM. ScatftoviM ripulimi. MhMftwf) mi Enrapan InM563 words
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Advertisement22 1988-07-26 18 and s rvices represented by ,he Registry of Accred.ted !g&w\ thlnnn a 9 Sin 9apore National vSgiffcJ Shipping Association Vv®® V' V22 words
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Advertisement628 1988-07-26 18 AmTrans I AMERICAN TRANSPORT LINES, INC U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO IJlUjl'l rrm fJl'M.'H'l H n BY FEEDER VESSEL ACCEPTING CARGO TO ATLANTA. SAVANNAH. BALTIMORE. MIAMI TAMPA. OTHER U S EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA CRISTOBAL. PUERTO CABELLO. SANTOS. RIO GRANDE. PARANAGUA. RIO628 words
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Page 19 Advertisements
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Advertisement906 1988-07-26 19 The Straits Steamship Group •riV STRAITS! w Singapore to Sal Brunei Ports end Mansfield Container Shipping PteLtd STRAITS SHIPPING Singapore to Sabeh, Sarawak, Brunei Ports end Bengkok P&O Containers CONTAINERSMP SERVICE TO UK/CONTINENT: TOKYO BAY frankfurt Exnot foara P.KM| I rtM N-tari lima rtoai ap ap uii w v an906 words
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Advertisement653 1988-07-26 19 EUROPE (•i ju_ EE 117 E£ 111 124.17 EE 111 K CI I.'- ii. r USA/PANAMA 1 MM 17jM OJI M M IIM lill zi Mtm BJI JIM ILN HJI BJI MM SB3 HIM UM MM UM MM WMI UM M 114 HJ7 HJ7 MJ7 1417 ZU7 24J7 ZUI w653 words
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Page 20 Advertisements
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Advertisement468 1988-07-26 20 TUSINOSE u MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES BANDAR ABBAS BANDAR ABBAS VI (TT-m KYOWA LINE Singapore Loading for: A VESSEL 15It LAE, PUB, RBL, HRA HK LOAD FOR OCEANIA EXPRESS V-18 6/8 GUAM, SAIPAN YOKO KYOWA ROSE V-27 6/8 YAP KOROR TRUK PONAPE, MAJURO SUN UNION468 words
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Advertisement910 1988-07-26 20 W ICS-LINE FULLY CONTAINERISED SERVICE HONGKONG CONTAINER SM KOREAN JACEJIN m HO#LAN JACEWON MR QUEEN'S WAY MIKE 4» SEVEN SEAS MIO6E i7W KORUN CHANCE MR Spar# LaHavrt Frtm R'«m N'kur| B'hivan 31(7 111 HI 20/1 221 211 l/l 24/1 Kit 2M alt 3/1 251 *1 2« 291 301 at 30/1910 words
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Advertisement232 1988-07-26 20 VA FREIGHT LINKS EXPRESS PTC LTD DIRECT SERVICE TO BOMBAY I KARACHI: ETA 9/8 23/8 NEW SERVICE DUBAI 10/8 ft 24/8 AUSTRALIA/NKW SYDNEY, MELBOURNE PREAAANTLE AUCKLAND, WELLINGTON, LYTTLETON, DUNEDIN A NAPIER HAAABURG, ROTTERDAAA, BARCELONA, FHJXSTOWE, LONDON. ANTWERP Scandinavian A European Inland dwm. FOR, PORTO, LISBON, OR AN, BILBAO MADRID, MALAGA,232 words
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Advertisement895 1988-07-26 20 IUCMUtfi lIIUf •W| IWO M EVERGREEN Full Container St'rvicr Round-The-World East Bound (FE/CARIB/USEC/EURQ/FE) mi Kwuunu 00UXN EVER SLOM EVER CINTLi evu gentry EVER GATHER tvi* QOVERN (VU GARMN ALSO ACCEPTING CARGO TO: KU PUS MR TYO CMS lllllli W 12 w Ml W MM MP uR tS! 33 1 £im%895 words
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Page 21 Advertisements
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Advertisement611 1988-07-26 21 vr PACIFIC INTERNATIONAL LINES *V\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE MAJAPAMT QOWA KOTA UQU VOYSM JKT Ml SLD MJ> 27M nrr an IMB 1M 1M MTC NTT ACM MOO JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE QUOANQ. ACCCmNQ MOMMAN CAAQO VIA HKQ611 words
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Advertisement261 1988-07-26 21 COS C 0 CHINA OCEAN SHIPPING COMPANY ukc cowvnmcwi KK PCD P.KJf P« an Loadin| fer Rattortem/Antwp ftl| Spore BU Hk| S-M Qtn*M I CHENC V M 10/1 M UA 1M 2Ut Aeeo#** FCI Carp tar *M otter China* ports L'J P r > 1 J SHANCCHENC VK 12/» 1M261 words
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Advertisement398 1988-07-26 21 \<r% BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT E«TO« MUMtTCK FR ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANC AND EAST MALAYSIAN PORTS TAS MAN JEBSEN NEW ZEALAND LINE NEW CALEDONIA. FUI AND 'j j iITTTi] SIN MAIN UNI HKC NOUKA SUVA AN. nit ul398 words
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Advertisement484 1988-07-26 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUD€RA INDONESIA P.T. TRIKOIIA LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES 1 VSL/VOY U. BONTANG/ISW6 Port Said, Port Alexandria, Q>wo», Trtoola. ALSO ACCEPTING BOTH CONTAI NERS. CONVENTIONAL CARGO VIA T/S TO UK PORTS. HULL, L£ HAVRE. OSLO. COPENHAGEN. AARHUS484 words
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Advertisement289 1988-07-26 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPINC CBBPBBATHIN (Burmese National Line) Loading for Rangoon S port P.Kttenf Pwunf Bangkok TAMAITAI SAMOA VIM 2»7 U \M FORTH BARK V22N 3* 2* V» IVYBARK V22N V> l/M 15A0 12/10 DIRECT) DIRECT) WWAsSJg iC (CALLIN6 KMRE MRI HENRIETTE SCHULTE WSSpwt 17* (CALLING KMOE289 words
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Page 22 Advertisements
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Advertisement859 1988-07-26 22 ftlA KAWASAKI KISEN KAISHA. LTD. K'link The newest, fastest, safest and most reliable LCL set 'ice Less-tharvcontainerload service to all major inland (IPI and MLB) points in the U.S.A. "K" Line introduces a new and unique method of moving LCL shipments offering the ultimate in convenience and safety! We call859 words
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Advertisement688 1988-07-26 22 AUSTRALIA EXPRESS CONTAINER SERVICE Accruing FCL/FCL Container* KALIOAS V TULSIOAS VJ7 HAL I DAS *39 TULSIOAS V 3» B> Fmtar By F«te 5 Au| S Au| Ffwn/M*ft/Sy*VAdd 1 S*pt Sapt Sa# Sapt Fr«iiAWb«y*VAM »Oct 19 Od Fr«n/IMb/Sy*vAM INDIA EXPRESS CONTAINER SERVICE FREMO SiRIUS y.c i ORIENT SUCCESS *Jll ORIENT SUCCESS688 words
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Advertisement592 1988-07-26 22 G. GOLDEN LINE > GUAN GUAN SHIPPING (PTE) LTD a. Tata* Afar StrMt SINGAPORE 0104 TEL: UtiW (It LINES) Fas: SJ43SO4 STRXITS/PERSIAN GULF SERVICE S port P.Mmi Pans* GOLDEN HAVEN CotomtxvKsrschi/Oubsi 5/7 Auf GOLDEN BEAR Cotomto/Ksrsdn/Dutei 20,73 Aug CHINA SERVICE DAI TUN SHAN Sftsrtfw 2/4 Auf A VESSEL Huangpu/Stenfh* U/ll592 words
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Advertisement405 1988-07-26 22 PHIU OntCNT LINCS PT€ LTD HEAD OfriCf 63 nOIiNSON ROAD »C* V AfRO ASIA BUILDING SINGAPORE 01C6 TKf« RS ***** PMILI fA» 2:55f>"6 iirnriT ETA SINGAPORE .■■■ftr 1 rr-r r*r-rt JEDOAM act.) H.KONG, KMC. TOKYO KEELUM KAOMSIUNC. MANILA. hANfItOK. •USA*. JAKARTA rrnrrrm Jfi 1 u; r J Fa i La405 words
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Page 23 Advertisements
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Advertisement923 1988-07-26 23 NOL NEPTUNE ORIENT LINES LTD S port NEPTUNE AGENCIES PTE. LTD. f Qwnwral fnqulrlwr Twl: Tel No CO BOOKINGS *****23 *****53 P.Kelang NEPLINE SON. BHD. 3MM7 K Lumpur NEPLINE SON. BHD. *****33 Penang NEPLINE SON. BHO. UmMWMVUIW J Bihru NEPLINE SDN. BHD. *****0/23W1 Ft lU/AUST TPA/SEA S: 27U7J3 *****42 *****11923 words
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Advertisement509 1988-07-26 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. KEELUNG. BUSAN, INCHON ■uJMi-nA'iAJ.VIA. m 1) SUSAN MNOAPOftI I) SMOAPOItK/ KEELUMO 10 DAYS ICRVICf II MRVICtII Vmml'i Nana ETO IS S'KHK PWLANC KEE IuSAN MO JI *No Donam/W7N 13/07 In Port 17-IMI IMS No Donam/WM low In509 words
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Advertisement779 1988-07-26 23 SMSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC P KELANC MCSSRS MAI THONC SHIPPING 127 PwMStreM. Prwni, MS HANDLING SYSTEM CO SON BHD CaDlcs779 words
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Page 24 Advertisements
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Advertisement300 1988-07-26 24 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 Lines* fAX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE FAMRLAND VMt HAVELLAND VS/H j 4/8 M E2/8 lfl I Ifl I Jfl RUHLAND Vt/88 '4h300 words
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Page 24 Miscellaneous
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Miscellaneous186 1988-07-26 24 Regional Weather m ."71 <? ft I& M n m °$r i u X 'A S* i i MB S3 Sa I *>> (T Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. legend u 'y 1988 R Thunderstorm Temperature c186 words
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Page 25 Advertisements
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Advertisement413 1988-07-26 25 FARGO SHIPPING CO¥PAHY(PTE)LTL No 15 Hoe Chiang Road #13-02 Sanford Building, Singapore 0208 Tel *****22 Tlx: ***** FASCO <A> ABC CONTAINERIZE N.V. V WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: TNT EXPRESS 207 ETA 20/0/88 Only 7 days to Fremantle Only 12 days to Melbourne Only413 words
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Advertisement296 1988-07-26 25 "IS CSP SHIPPING AGENCIES PTE. LTD Tel: *****66 (16 Lines) Fax: *****61 LCL FIXED CONSOLIDATION TO:S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore .-il .y.u 1M fTLTW/ THJiI296 words
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Advertisement565 1988-07-26 25 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 JL IRAQI LINE l«*0 S l f BT| IPIISI fOR Bißi'lßM MV SINDBAD EAST BOUND SERVICE ETA S PORE LOADING FOR 5 It Japan THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA i BAGHDAD565 words
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Page 26 Advertisements
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Advertisement433 1988-07-26 26 Hai Sun Hup Co (Pte) Ltd L r EL *****06 (20 Lines). TLX RS ***** &RS ***** I \N 11 RN C \K I INI R. I I I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Yokohama 25/8 Nagoya Osaka Senboku Moji •Subject to cargo inducement NOTE; ALSO433 words
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Advertisement561 1988-07-26 26 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSI Sport LtHtvrt Corwctinf VSI NIKON V2C ZifJ nH STUTTGART EXP, NED DEJMA V2H 1/1 11/ l CKJSSELDORF EXP if"" 1 ntr 8 SURIA V2S2 l/I 25/1 NUERNBERG EXP. I*® nto Yort ißjttimor*. Portamouth. Norfolk,561 words
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Advertisement283 1988-07-26 26 ULTIMATE FREIGHT SERVICES PTE LTD Tel: *****11 Tlx: ***** Fax: *****92 Weekly LCL acceptance to AUSTRALIA all ports NZ HK BANGKOK EUROPE USA CANADA all ports incldg China incldg Laos all major ports Seattle. Portland, LA. SFO major ports Edmonton, Calgary. VCR Winnipeg, Saskatoon, TRT Montreal, Ottawa ES ILL WEEKLY283 words
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Advertisement762 1988-07-26 26 CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE iii£ K. LUMPUR *****53/*****11 04 *****2/4. *****3 <07-*****8 07-*****3. *****5, *****0, *****1 •02-*****22 *****88 (VEEKLY FAR EAST/EUROPE CONTAINER SERVICE *****3 TO EUROPE FEEDER B BUTANG «3 I BUTANC 4tS B BUTANC 457 I B BUTANC i ANTWERP, BASLE. BREMEN.762 words
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