The Business Times, 4 August 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, AUGUST 4, 1988 75 CENTS
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  • 256 1 AP Dow lower WALL STREET stock prices retreated in early trading yesterday as interest rates rose in the bond market. The Dow Jones Industrial Average dropped 7.82 points in the first half hour of trading, but then recovered lost ground to show only a 1.06 point loss
    AP  -  256 words
  • 494 1  -  By ALVIN TAY, Financial Editor THE UNITED Overseas Bank group will raise its prime lending rate by a quarter of one point to 5.5 per cent today, reversing a downward trend in interest rates that lasted nearly four years. Bankers said
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  • 525 1  -  Full-year earnings expected to exceed last year's By KEVIN GWEE DIVERSIFIED KEPPEL Group, having scored an impressive half-year performance, has predicted that full year 1968 earnings will exceed that of 1967. For the six months ended June 30,
    525 words
  • 40 1 SINGAPORE'S labour shortage is discussed by columnist Seah Chiang Nee on PAGE 10. He points out that, although the severity of the shortage is temporary, the problem will be long term. Cooperation with Malaysia might be one solution.
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  • 359 1 Agencies CHATICHAI Choonhavan won comfortable parliamentary approval in Bangkok yesterday to succeed Prem Tinsulanonda as Thailand's prime minister. Seven political parties, including the five coalition partners who proposed Mr Chatichai and have 215 MPs or 60 per cent of the 357-member House of Representatives
    Agencies  -  359 words
  • 133 1 FIRST DEPUTY Prime Minister Goh Chok Tong received initial feedback on the government proposal for a popularly elected president from PAP Members of Parliament on Tuesday. At a monthly meeting with Mr Goh, a number of backbenchers sought clarification with the First Deputy
    133 words
  • 262 1 RENEWED BUYING of blue chips and lower liners pushed share prices higher in Singapore yesterday as sentiment was boosted by a flow of good corporate results. Demand for retail-based, banking and selected property counters led share prices to new highs as the Straits Times
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  • 76 1 THE US DOLLAR closed lower against major currencies in the Asian currency markets yesterday. Trading was quiet because most Tokyo operators were on their summer holiday while other Asian dealers refrained from taking large positions. In Tokyo, the dollar finished at 132.85 yen and 1.8750
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  • 522 1  -  By LEE HAN SHIH, Property Correspondent A BUILDING once shunned by buyers for more than three years is now expected to generate a profit of $20 million for its Japanese owner, who bought it only 18 months ago. A successful $60 million sale
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  • Page 1 Advertisements
    • 138 1 1 OG Cassette Receiver K2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore: Ptione *****33 Kuala Lumpur: Phone. *****33 Pvnang: Phone *****5 *****1 Jakarta: Phone *****5 $*****00 88 cash prizes must be won with OUB's Housing Loan Fixed rate of 4% for first year Low Rates Free Legal Fees Free
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    • 14 1 Full report, PAGE 14 Regional Mkts, PAQE 16 World Mkts, PAQE 17 See PAGE
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    • 302 1 WEATHER MONEY ft EXCHANGES COMMODITIES AIRCRAFT SCHEDULE CROSSWORDS TV ft RADIO BRtSTOW PRIVATE home buyers con soon use their CPF savings to finance up to 100 per cent of the value of the property. The limit does seem fair enough. Rut the authorities may want to clarify the rules regarding
      302 words
    • 34 1 Menstoch Quality before your eyes Shipping Time* comet as a separate section today. Make sure you get your copy. Qj 8. •—I O! 5 o w H D Uh r r< I PRESACL SEIKO
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  • HOME NEWS
    • 528 2  -  S'pore benefiting as 1997 nears By MONICA GWEE SINGAPORE'S diamond industry will gain a little more glitter as Hongkong nears the 1997 deadline for China's takeover of the British colony. "We can expect a lot of diamond merchants to transfer their business to Singapore,"
      528 words
    • 448 2  -  By ANDREW RAJKUMAR TOBUTSU SINGAPORE'S eight-year-old domestic operations will take on a new dimension later this year when it launches a $30 million joint venture plant to make diamond dies, the first project of its kind in the republic. The company expects to
      448 words
    • 300 2 THE BOARD of Commissioners of Currency, Singapore, increased the surplus in its currency fund income account by 34.9 per cent last year to $1,028 billion. The board s 1967 annual report for the financial year ended last December, which was released yesterday,
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    • 102 2 A TEAM from the Singapore Tourist Promotion Board will visit Jakarta next week to update the travel trade on Singapore's latest attractions as a destination, says an STPB statement. The tourism board believes Singapore's new and existing attractions and events, such as the upgrading of
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    • 396 2 Seminars and f 1 gfjp CAHNERS EXPOSITION GROUP Courses U Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66iy Aug 10-13 Management of High Century Pork CamW Business HI *****93 Technology Industries Sheraton Centre Pte ltd Aug 10Construction Planning Construction House Singapore *****77 X Oct 5 and Computers Contractors
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    • 248 2 JAPANESE STEELMAKER Nippon Kokan, now known as NKK Corporation, has set up a company in Singapore to undertake regional engineering and construction projects. The new company, NKK International (NKI), will be the NKK group s overseas regional centre for its engineering activities, said T
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    • 283 2 "THE CUSTOMER comes first" may seem to be a tired adage, but this was emphasised at the Marketing Institute of Singapore's first annual lecture as a key to success in the business environment of the future. A visiting American marketing professor, Dr
      283 words
    • 116 2 SINGAPORE and Cyprus want their national carriers to fly any number of flights between the two countries. According to a statement from the Civil Aviation Authority of Singapore (CAAS), they also want their carriers to have traffic rights to operate through third
      116 words
    • 164 2 MORE THAN 540 companies from 21 countries will take part in a four-day electronics exhibition to be held next month at the World Trade Centre. Internepcon/Semiconductor AsiaPacific 88 the sixth of its Kind is a showcase of equipment, machinery, and systems used to improve printed circuit
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  • Page 2 Advertisements
    • 202 2 When it comes to business or pleasure, youH find the grass a Me greener on our side. rr i There's more than one hotel in Kota Kinabalu when you're on business. But when it comes to business and pleasure, those who know, stay at Hyatt Kinabalu International. Our first-rate Business
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    • 48 2 FULLY FURNISHED EXECUTIVE OFFICE for the mere price of a room! Complete facilities telex, fax copier word processing, secretarial services, conference room answering service long snort term lease you name it! youi inspection enquiries welcome WORLD-WIDE BUSINESS CENTRES (S) PTE LTD 11-04 06 Peninsula Plaza, Tel: 336 1769
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  • Page 2 Miscellaneous
    • 173 2 Bangkok ftorbodot Beirut Belgrade Brisbane Brunei* Bueno* Air** Cairo Calgary Canberra Caracas Chicago Cop "ho gen Darwin Dublin Frankfurt Geneva Honolulu Momabod CO 16/09 Cloudy IS/10 Ooar 35/25 Ooar 39/30 door 31/25 Cloudy 29/25 Cloudy 28/23 Rain 31/24 Sunny 32/19 Ooar 23/16 Cloudy 31/16 Cloar 24/15 Showors 22/14 Rno 24/10
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  • ASIA-PACIFIC
    • 449 3 AP THg UNITED STATES is holding talks with some of its allies about establishing an international peace-keeping force in Cambodia once Vietnam pulls out its troops, the State Department said on Tuesday. An international force is one of several measures being discussed by
      AP  -  449 words
    • 223 3 AP TWELVE foreign companies have invested in communist Vietnam this year, and there are increasing calls for countries to end their policies of isolating Vietnam, according to an official radio broadcast. Twenty foreign companies expressed interest in a liberalised investment code
      AP  -  223 words
    • 253 3 AP TWO SENATORS say it is time for the United States to rethink its relationship with Vietnam and to overcome the bitterness that has guided US policy since American forces departed that country more than 13 years ago. "We rebuilt Germany and Japan after
      AP  -  253 words
    • 189 3 AFP A RECENT AGREEMENT to reschedule US$5 billion of Brazilian debt will cost the already troubled Japanese export insurance system 111 billion yen (US$B5O million). Sources at the Ministry of International Trade and Industry (Miti) said the sum represented 70 per
      AFP  -  189 words
    • 415 3 UPI A SENIOR Jordanian official says 16,000 jobs on the West Bank coWid be threatened by King Hitesein's decision to reduce ties with the Israeli-occupied territory but the possible cuts will be considered on a case-by-case basis. King Hussein, in a nationally televised
      UPI  -  415 words
    • 522 3 AP A SENIOR US arms control official said yesterday that China "Understands the seriousness with which we take the proliferation of missiles". General William Burns, director of the US Arms Control and Disarmament Agency, said after talks with Chinese officials on
      AP  -  522 words
    • 193 3 AP PRESIDENT Corazon Aquino has vowed to resist US intervention following a newspaper report of Washington's purported policy options in the event of her government collapsing. "We will not allow ourselves to be subjected to foreign intervention, she told reporters in Manila on Tuesday.
      AP  -  193 words
    • 204 3 AFP TAIWAN is to resume importing five types of fruit from countries other than the US amid protests that US fruit exporters enjoy preferential treatment, a Council of Agriculture official said on Tuesday. The move will affect imports of cherries, nectarines, figs,
      AFP  -  204 words
    • 560 3 Sein Lwin calls for urgent economic reforms in Burma AP BURMA'S new leader. Sein Lwin. has admitted that corruption, work delaying tactics and wastage had led to a serious loss of faith in the government by the population, said a broadcast made available
      AP  -  560 words
    • 257 3 AP THE PHILIPPINE Presidential Commission on Good Government seized assets of Ferdinand Marcos's brother-in-law as its power to confiscate holdings of members of the former administration lapsed. The commission announced on Tuesday it had taken over houses in three posh Manila suburbs
      AP  -  257 words
    • 259 3 AFP CHINA is to defer decisions on price reforms for one month to observe price trends and the market situation, a pro-Beijing newspaper reported yesterday. The Wen Wei Po newspaper in Hongkong said the Chinese Communist Party's Politburo was likely to
      AFP  -  259 words
  • Page 3 Advertisements
    • 187 3 ALL OUR GUESTS ARE SPECIAL. > c f "V "V V NL V +fW r SO 1 BUT THIS NATIONAL DAY, 88 COUPLES WILL BE TREATED TO CHAMPAGNE. AND SPARKS. nation celebrates her birthday only once a year. And this year, you can spend this joyous occasion at the Westin
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  • REST OF THE WORLD
    • 504 4 Decision meant to stop 'political shenanigans' Reuter PRESIDENT REAGAN, bowing to political and legislative realities, said on Tuesday he had decided against vetoing a popular bill giving many American workers advance notice of factory closures or staff layoffs. Mr Reagan's decision meant the bill
      Reuter  -  504 words
    • 319 4 Reuter PRESIDENT Reagan's decision to permit a plant closing notification bill to become law has cleared the way for the Senate's voting on a sweeping trade bill to force open foreign markets. Senate majority leader Robert Byrd said on Tuesday that the vote
      Reuter  -  319 words
    • 318 4 Reuter THE UNITED STATES and Japan have signed a farm trade agreement which the Reagan administration said should double annual US exports of processed agricultural goods to US$l6O million by 1990. Japanese Ambassador Nobuo Matsunaga and US Trade Representative Clayton Yeutter signed the accord
      Reuter  -  318 words
    • 238 4 US factory orders chalk up 5.5pc increase AP ORDERS to US factories for manufactured goods, powered by a big jump in demand for civilian and military aircraft, climbed 5.5 per cent in June. The Commerce Department said in Washington on Tuesday that it was the biggest one-month increase since a
      AP  -  238 words
    • 180 4 AP DALLAS, Houston and Atlanta lead in Asian-owned businesses in the US, topping such places as Honolulu and San Francisco, according to a study by private population researchers. The Dallas-Fort Worth metropolitan area leads with 90.3 Asian-owned businesses for every 1,000 Asian-American
      AP  -  180 words
    • 351 4 Reuter THE UNITED STATES has relaxed its curbs on the export of lower-level computers and computerised equipment to China, the Soviet Union and Eastern European nations, the US Commerce Department said on Tuesday. It said the most significant changes affected China. The
      Reuter  -  351 words
    • 158 4 AFP WEST GERMANY'S economy is expected to show a real growth of 3 per cent in 1988, rather than 2.5 per cent, according to revised figures released on Tuesday by the economy ministry. Economy Minister Martin Bangemann, currently visiting Argentina, said in a press release
      AFP  -  158 words
    • 324 4 AFP THE WEST GERMAN company Siemens paid 18 million Deutschemarks to the pro-Iranian Shi'ite movement Hezbollah in Lebanon to secure the release of its employee Alfred Schmidt, according to the latest edition of Stern magazine. Mr Schmidt, an engineer, was held hostage from
      AFP  -  324 words
    • 259 4 AFP THE Argentine government will raise the cost of public services by 30 per cent at the end of August but will not increase them again for 60 days, presidential spokesman Jose Lopez announced in Buenos Aires. This measure the first to be unveiled
      AFP  -  259 words
    • 327 4 AFP TRADE SANCTIONS against South Africa are biting and Pretoria is worried. Commonwealth Secretary General Shridath Ramphal told a two-day conference on southern Africa on Tuesday. His assessment came despite a report by the US Congress s General Accounting Office (GAO) showing Japan, Hongkong.
      AFP  -  327 words
    • 948 4 t ARRIVALS Operator Swviot number Local time From GU su UAL SU FT CIA IAC SU MAS MAS MAS ACA GA7307 SQ11 UA805 SQ8853 FT15 GA1206 C555 SQ411 MH640 MH651 MH607 ACS 88 0015 0040 0045 0100 0158 0655 0655 0800 0620 0910 0920 0925 SUB LAX/NRT
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  • Page 4 Advertisements
    • 89 4 GRAND CARPET AUCTION by Edmund and Shukor 1 (X) selected pieces from Persia, Afghanistan and Pakistan including interesting tribal pieces. All lots are guaranteed and backed by a full trade-in value at our showroom Auctioneer* Cheong boon Seng (CKSI Auctioneers fir Valuers Pie Ltd Sunday, Aug 7, 1988 Grand Ballroom
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    • 62 4 f I yg 1 |J\ TJ I Y The business person's choice, every I I II I I 1 1 Tuesday. Thursday. Saturday and 1 1 I II I Sunday. Leaving Changi Airport at I 1 J_ 22:05 hours and arriving at Lester c B. International Airport the following day.
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  • Page 4 Miscellaneous
    • 44 4 ITS JUST THAT THt TIMING ISNT SO GRSAT. tV£ GOT A HV3-YSAR-OLD UJITH TH& mbaslbs... BY GARRY TRUDEAU ...A HUSBAND IN THE THROBS OF A MAJOR. MIP-UFB CRISIS... J...J I THINK I'M GOING TO /C,v THROW UP. Irafi m t#j m v v t
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  • Page 5 Advertisements
    • 360 5 We want lo sa At the Carlton Hotel Singapore we want to see you again and again. Everything we do, every service we offer, every meal we prepare must be so much to your satisfaction that you'll want to return for more. •v V J Mired I cung hi Wai
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  • COMMODITIES
    • 477 6 Reuter CRUDE OIL prices dropped nearly 50 cents a barrel on Tuesday on reports of overproduction by Opec members and doubts that the cartel's pricing committee will hammer out a solution at its meeting scheduled yesterday. Crude oil for delivery in September finished
      Reuter  -  477 words
    • 149 6 AFP INDONESIA plans to break with tradition by appointing a civilian to head the state-owned oil and gas company Pertamina, State Secretariat Minister Murdiono said in Jakarta on Tuesday. "He will come from within Pertamina not an outsider and not the military," Mr
      AFP  -  149 words
    • 180 6 SENTIMENT remained strong on the KLTM yeeterday, with the price surging another four cents to dose at M 519.20 a kg, after another active trading day. The rise was again attributed to strong European and local buying, despite a higher local premium of £00 over the price In
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    • 287 6 RAS prices in S c*nts/kg, FOB tn bak M NOON CLOSE Buy ore Sol Ion Buyors Sollon bt 1 RSS Prompt 265.50 266.50N 264JO 265JON Int 1 RSS Sop 88 264.50 265.50N 264.00 265.00N bt 1 RSS Oct 266.00 267.00N 265J0 266JON bt 2 RSS OP 261.00
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    • 75 6 (canfi/kg) RAS SSI 20 sst so MRELB SMt CV SM* I SM* 3 SM* GP SMR 10 SMt 20 SM* 50 SEPTEMBER 1988 (current month) NOON S«ll*ri 227.00 229.00N 226.00 228.00N >uy«n s«iWfi 462.00 464.00N 462.00 464.00N 313.30 3I5.50N 330.00N 297.50 299J0N 295.00 297.00N 290.50 292.SON OCTOBER
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    • 211 6 Bernama INDONESIA'S tin exports have continued to drop during the last five years due to the decline of prices on the world market, according to a central bank report released in Jakarta. Bank Indonesia said the country's exports amounted to U*****.93 million in 1983,
      Bernama  -  211 words
    • 97 6 SENTIMENT turned bearish yesterday as futures fell in New York. High-flying hopes for the Organisation of Petroleum Exporting Countries meeting were also a little less evident. Closing prices for crude (FOB origin) US$/borr«l Chang* Taph (Aug) 15.30 undi MJnas (Aug) 14.70 un&i Dubai (Aug) 13.20 -0.30 W#»t
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    • 376 6 SINGAPORE Prices closed slightly lower yesterday in featureless trading with September RSS One buyer quoted at 264.00 cents per kg, down one cent from Tuesday's close. Dealers said prices were marked down one cent at the outset following Tuesday's after-hours easiness here and then fluctuated within a narrow range
      376 words
    • 260 6 Bernama MALAYSIA EXPECTS to export about 16,000 tonnes of pepper to more than 20 of its traditional markets this year as compared with an average of only 14.000 tonnes over the past seven years. Singapore would account for 50 per cent of
      Bernama  -  260 words
    • 390 6 UPI MEXICO, the world's fourth largest coffee producer, will request an increase of its coffee export quota at the next International Coffee Organisation meeting. Antonio Alvarez, chief spokesman for the governmentfunded Mexican Coffee Institute, said on Tuesday that a sharp drop in coffee prices last
      UPI  -  390 words
    • 259 6 Reuter LONDON ROBUSTA grade coffee prices plunged to their lowest levels for seven years on Tuesday afternoon, the second such collapse in less than a week. Traders said the movement reflected a sharp fall in New York coffee on Monday, prompted in part
      Reuter  -  259 words
    • 357 6 Reuter A FUTURE in which the Third World needs huge grain imports to feed its people but cannot afford prices that would persuade exporters to grow it was envisaged on Tuesday by the International Wheat Council (IWC). A study by the IWC, a
      Reuter  -  357 words
    • 420 6 MALAYSIAN CRUDE PALM OIL FUTURES closed weaker yesterday on further profit-taking and buyers' reserve after rising over the last two days. Dealers said the easiness reflected a fall in Chicago soyoil futures in spite of forecasts of hot weather this week in the US mid-west August closed Ms3B
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    • 338 6 HONGKONG: The metal closed little changed in quiet and lacklustre trading yesterday. Overseas houses covered short positions early after the metal fell in New York overnight, but local interest selling pushed prices down later in the day. Bullion ended at US$43l 70/432 20 an ounce against an initial
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    • 220 6 Chinese Produce Exchange S#H#o* noon doling print on Aug 3 (SS/100 kg) Coconut oil M FOt 123.00 OU drum FOt 1 33.00 Nt» 6mm FOt 137.00 Copra MU«d (too**) 70 Pepper FOt NLW Sarawak vMto 855.00 FOt faq NIW 870.00 Sarawak iptdaf Mack FOt NIW Sarawak Asia 517.50
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    • 294 6 London Commodity Exchange Bvyor/SoMor dosing prices on Aug 2 (£/tonno union spodfiod). Previous dosing piicos in poronthosis. Coffaa Sosb In-sforo London, sotlors opHon OF London Sop 906/908 High/Low (1010/1012) 977/875 Nor 920/922 High/Low (1018/1020) 984/880 Solos (8063) Cocoa Sop 937/938 (933/934) High/Low 949/933 Doc 937/938 (935/936) High/Low 944/930
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    • 114 6 SOYBEAN FUTURES on the Chicago Board of Trade closed up on Tuesday, I but around their lows of the day, indi- I eating nervousness in the market after a US$l-per-bushel gain in the past s three sessions on high mid-west temperatures. Soybeans for August delivery ended down 10 cents
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    • 103 6 SOFT RED WINTER wheat futures on the Chicago Board of Trade closed lower on Tuesday, at the middle of the day's range, pressured by a refusal by the USOA of a Chinese EEP tender for 600,000 tonnes of SRW. Traders said heavy sales by C&D Commodities and Shearson Lehman
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  • Page 7 Advertisements
    • 183 7 M n i lII® m p®- »,v 2. M 414 passing through london deciding to st a y hiring a d r i v e r shopping in style admiring the crystal I ii •v -tr v" v IP v ■> v v i < < <«i ft! ,>> f
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  • MONEY AND EXCHANGES
    • 1495 8 OCBC, Reuter SINGAPORE: The US dollar closed easier yesterday against most major currencies. Against the Singapore dollar, the US dollar closed unchanged at $2.0460/70 in dull trading. It traded within a range of $2.0463 and $2.0475. It opened initially at $2.0460/70. The greenback closed slightly above New York's
      OCBC,; Reuter  -  1,495 words
    • 307 8 Asian dollar deposit rates closed steady at opening levels after quiet trade yesterday. Most operators were largely sidelined awaiting yesterday's US Treasury refunding announcement and tomorrow's July employment data. Short-dates were slightly lower in early trade due to weaker US federal funds rate but were unchanged in
      307 words
    • 190 8 Indicates the average of the prime lending rates of 12 major banks in S'pore r Interbank market rates (offer/bid) on Aug 3 7 days 1 2 mffc us$ 8 1/16 7 15/16 8 1/8 8 8 5/16 3/16 8 9/16 7/16 8 13/16 11/16 10 3/16 1/16
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    • 475 8 SEPTEMBER Eurodollar futures on the Simex opened four ticks higher at 91.56 yesterday following shortcovering due to news that the US Senate would not take up the bond authority until September and weaker global oil prices. Continued buying interests and short-covering ahead of the US August Treasury refunding announcement
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    • 266 8 Reuter MOST CURRENCY futures on the IMM on Tuesday ended a quiet session lower and in the bottom half of session ranges as strong June American economic data depressed values. Light buying surfaced at mid-afternoon, helping prices briefly trim losses, but the market weakened again near the close after
      Reuter  -  266 words
    • 174 8 Gold futures on Aug 2 —n i 100 troy ounces. USS per troy ounce Optfl Hlgti Low Aug 433.50 434.00 431.20 431 JO -2.90 S «P 434.10 -3.00 Oct 439.20 439.40 436.50 436.90 -3.10 DK 444.60 445.00 442.00 442.50 -3.10 F«b 450 00 450.00 448 90 448.20
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    • 223 8 Interbank rates at 3pm yesterday: Local dollar* to < WO OFFER croee pertly *ve unit of foreign currency: ctienge US dollar 2.0460 2.0470 2.8196 -27.44 Storting pound 3.4914 3.4952 7.3469 -52.48 Australian doUor 1.6439 1.6468 3.4286 -52.05 NZ dollar 1.3585 1.3612 3.4286 -60.38 Canadian doMar 1.6937 1.6959 3.4206
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    • 67 8 THE OVERNIGHT rate on the Singapore money market remained unchanged at 4 per cent yesterday. The one and two-month term rates fell by 1/8 and 1/16 point respectively while the three-month was unchanged. f S$ Interbank rates at the dose yesterday: OffW wo 0»trnight 4 3 7/8 -momh
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    • 112 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****A 03.11.88 4.05 4.00 4.02 3.98 6 months BY*****T 24.11.88 4.05 4.00 4.03 3.90 1 year BY88I01S 20.07.89 4.28 4.23 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • 280 8 Reuter ARGENTINA'S latest package to fight inflation and cut the public sector deficit should help pave the way for agreement on new loans to finance the country's US$55 billion debt, bankers and economists in Buenos Aires said on Tuesday. They said Monday night's
      Reuter  -  280 words
    • 1175 8 CURRENCY FUTURES OPTIONS Wednesday, Aug 3, 1988 DEUTSCHE MARK (SIMEX) Aug 88 ce High Low H* Son High Aug *8 puis S3 53A 49 f 9 54 548 59 55 2 1558 160 56 CAS 255S 260 57 CAS 3558 360 58 CAS 59 CAS Sep 88 ca II*
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  • BANKING AND FINANCE
    • 389 9 Reuter THE AUSTRALIAN DOLLAR will maintain its value over the next 12 months, reducing inflation and the current account deficit, according to Westpac Banking Corp. This would occur even though commodity prices, a prime mover of the currency, had apparently
      Reuter  -  389 words
    • 111 9 Reuter ORIENT FINANCE Co Ltd of Japan will start selling two non-life insurance policies in September under its own name, according to a recent company statement. The policies, developed jointly with 12 major Japanese non- life companies including Tokio Marine and Fire
      Reuter  -  111 words
    • 361 9 Reuter THE BRITISH GOVERNMENT will repay early the US$2.5 billion floating rate note due October 1992 at par, according to Chancellor of the Exchequer Nigel Lawson in a statement released in London. A new programme of UK ECU Treasury bills will
      Reuter  -  361 words
    • 268 9 Reuter NET OVERSEAS EARNINGS of the main UK financial institutions fell by an estimated 5 per cent in 1987, mainly because of the banking sector, a study by the Central Statistical Office (CSO) showed. They fell to £9.4 billion from £9.9 billion
      Reuter  -  268 words
    • 360 9 AP TWO TOP AMERICAN FINANCIERS and a former Cabinet member from Colombia have called on the US to take the lead in a new strategy for easing the burden on the Third World of its US$l 2 trillion debt. James
      AP  -  360 words
    • 413 9  -  Loan to beef up working capital, redevelop MPH Building By SOH TIANG KENG, Financial Correspondent JACK CHIA-MPH is borrowing $65 million from the Singapore capital market through a syndicated loan and transferable credit facility. BT understands that the fiveyear unsecured loan bears an interest 1.5
      413 words
    • 414 9 Reuter TOP CHINESE BANKERS have called for higher interest rates to stop flagrant waste of capital and a drop in savings as people withdraw money to try to keep up with soaring inflation. The Beijing Financial Times. on Monday quoted the bankers as
      Reuter  -  414 words
  • Page 9 Advertisements

  • PERSPECTIVE
    • 560 10 THE GOVERNMENT'S decision to allow buyers of private residential properties to use their CPF savings to pay for the full value of their property comes after nearly three years of debate, both inside and outside parliament. The current limit is 80 per cent. The 20 per
      560 words
    • 991 10  -  ONE MftN sVIEW By SEAH CHIANG NEE THE CURRENT shortage of labour underlines Singapore's inherent weakness as an international city-state, a population too small to feed its ambition. "A capital without hinterland" is how Singapore is sometimes called. The former Deputy Prime
      991 words
    • 881 11  -  They risked everything to get to Hongkong. But now discussions are underway which could end with the decision to force them back home. ROBERT BASLER reports on the plight of the Vietnamese boat people in Hongkong. ROBERT BASLER Reuter HONGKONG officials flew to Hanoi
      Reuter  -  881 words
    • 689 11  -  By PREMSIRI NIMITMONGKOL Reuter PRAPASS PANKAN, who graduated from a Bangkok university with a social sciences degree, works as a toilet attendant. He beat two other graduates to get the job after a year of searching. Prapass, 27, is among the 20,000, or 30 per
      Reuter  -  689 words
  • Page 10 Miscellaneous
    • 1154 10 TOiffiQaaQa IB 12 PM Opening ond Programme Highlights followed by Lingo. The Birth Of Language (See highlights). Singles Some Enchanted Evening. Tired of trying to woo Pamela, Malcolm decides that it is time to put her feeling for him to the the test. Expressions: (I) Beethoven: Symphony No 5 In
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    • 636 10 CRYPTIC PUZZLE ACROSS 1 You can hold yours to be quadrupeds (6) 7 He has the new door key (8) 8 A watery chemical? (4) 10 An artist at writing cheques? (6) 11 Domain of the allrounder (6) 14 The information ingeniously concealed (3) 16 Taken down in person (5)
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  • Page 11 Advertisements
    • 191 11 Federal Express. The Official Air Express Carrier of the 1988 Olympic Games. mmm mm immt It was really no surprise when the world s most important sporting event chose the world s biggest air express company as their official air express carrier. Federal Express invented air express service. And with
      191 words

  • SPORTS & LEISURE
    • 461 12 AP FORMER ENGLAND cricket captain Mike Gatting, sacked in June for entertaining a barmaid in a hotel room, was honoured by Queen Elizabeth II on Tuesday for services to his sport when he was presented with a medal making him an Officer of the
      AP  -  461 words
    • 172 12 AP GRAHAM GOOCH was made England's fourth captain in five Test matches on Tuesday after Christopher Cowdrey withdrew from today's fifth Test against the West Indies at The Oval with a foot injury. Also out of the final match of the series, which
      AP  -  172 words
    • 397 13 AP THE US OLYMPIC trials are barely over but the game of musical meets has begun as the track and field athletes prepare for the Seoul Olympics in September. On Tuesday, 400 m hurdler Edwin Moses was among the missing
      AP  -  397 words
    • 435 13 AP BRITISH TRACK and field chiefs are to stick with a controversial new Olympic selection policy that could leave stars like Steve Cram, Tessa Sanderson or Fatima Whitbread behind when the team departs for Seoul, and prevent two-time champion Sebastian Coe from defending
      AP  -  435 words
    • 263 13 AP AUSTRALIA'S Simon Youl broke 12th seeded American Jim Grabb when he served for the match in the second set and went on to win 4-6, 7-5, 6-3 at the US Hardcourts Championships in Indianapolis on Tuesday. Grabb was serving at
      AP  -  263 words
    • 138 13 AP FORMER World Boxing Council middleweight champion Sugar Ray Leonard may once again be coming out of retirement. Though a publicist for Leonard refused on Tuesday to confirm that Leonard wants to fight again, the 32-year-old boxer has scheduled a news conference today with Don Lalonde,
      AP  -  138 words
    • 219 13 Reuter BLUE ARROW, Peter de Savarylp controversial new yacht, has suffered a second serious setback. The millionaire, still seething over New Zealander Michael Fay's refusal to accept the British team's America's Cup challenge, revealed on Tuesday that a wing on his revolutionary boat was
      Reuter  -  219 words
    • 628 13  -  Jranklif speaking.... *y:: WALTON MORAIS OFFICIALS have been in the news lately. That's never a good sign. Sport should be about sportsmen, not the people who run events. In America, officials have been in the limelight over the selection of Chris Evert to the
      628 words
  • Page 12 Advertisements
    • 871 12 COURVOISIERXO-WHEIC N C«l.[lNi FASHIONABLY HYATT Join the fashion- conscious every Thursday (3.00 6.(X) pm) in The Lounge. Watch our models parade the latest collectioas while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.50
      871 words
    • 205 12 The Matterhorn beckons! Savour the works of Swiss masters at the Belvedere. In our month-long fair stretching from August 1-31. With Jellied trout, Rindsroellschen, Fresh oysters, Sauerkraut swiss style, Fondue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at just $31 for adults
      205 words

  • Page 13 Advertisements
    • 524 13 IENTIEICTAIIN 4 There's a cafe on a lush, green hi 11... where you can take a break. Meet friends Relax. Make choices from the delightful international cuisine and Asian favourites. Prawn Mee, Nasi Goreng. Prawn Curry. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cafe in the Park Free valet
      524 words
    • 47 13 'V -.ST 4 u xo COURyOISIER cognac j a nnies de vietlhssement en furs <kch*ne onr nou r o**enrr it a de ce Cognac. "«cxx:f offwo LA M ■6200 \\t* t\\ St*"**" 1 ,Ce^ te w V" v 2JA9^'^ eV^: !MKs|ig&~ --«ssi „on "Ve\ xo COURYOISIER COGNAC
      47 words

  • STOCK EXCHANGE OF SINGAPORE
    • 40 14 Company RIGHTS ISSUE C K Tong One-for-two $2 25 per share Each rights comes with two detachable TSfe The exercise price for the TSfe. expiring on May 31. 1990. is $2.25 Ex-date: Aug 3 Books dose: Aug 16
      40 words
    • 243 14 Company RIGHTS ISSUE AMDS One-for-four $050 per share C 1 Holdings 27 million loan stocks in the ratio of $3 loon stock for every five ordinary shares held Duta Cons One-for-one $1.10 per share F N Two-for-five $300 per shore fACB One-for-one $060 per shore K I Industries
      243 words
    • 198 14 MALAYAN CREDIT Limited: 26th AGM at Room 835, 8th Floor, South Wing, Mandarin Hotel, Orchard Road, Singapore 0923, on Saturday, Aug 6. at 10am. SINGAPORE AIRLINES Limited: 16th AGM at the Collyer Room, 4th Level, The Westin Stamford and Westin Plaza, 2 Stamford Road, Singapore 0617, on Aug
      198 words
    • 317 14 Managers' prlc*f for Aug 4 Singapore Unit Trust The Commerce 1 OS 1.12 The Savings Fund 0 93 0.99 S pore Prog Fund 044 048 S pore Sec Fund 0 70 0 75* S'pore Invest Fund 0 74 0.79 S'pore Equity Fund 053 057 Asia Unit Trust Mol
      317 words
    • 5346 14 Gr's Gr's 1968 Tel Last Dlv Dlv rid Not Vol Day Last Quota UUK nign Low Cod* Company Sal* or- C'vr P/E (*600) High Low Buyer SECTION ONE INDUSTRIAL COMMERCIAL 139 95 1000 Acma 130 1 1 ON 2.4 0.8 54.2 101 132 130 130 131 85
      5,346 words
    • 700 14 SHARE PRICES yesterday reached higher levels on renewed buying of retail-based, banking and selected property issues after taking a breather on Tuesday. Independent of cautious overseas trading, the man-in-the-street and institutional investors returned to put a shine in the market amid talk of capital-rais-ing
      700 words

  • COMPANY NEWS
    • 426 15 SHAREHOLDERS of Hotel Properties Ltd (HPL) are now entitled to subscribe to the company's issue of $70 million unsecured bearer bonds with warrants, originally slated as a 100 per cent private placement. Announcing this yesterday, the hotel group said the Stock Exchange
      426 words
    • 425 15 PARKWAY HOLDINGS's listed subsidiary in Hongkong has taken a significant stake in a Hongkong company which is taking over the Australian hotel chain formerly owned by fugitive tycoon Khoo Teck Puat. Lee Hing Development Ltd, 51-per-cent owned by Parkway, was reported by
      425 words
    • 163 15 KENTUCKY FRIED Chicken (S) Ltd (KFCS) is expecting greater profit contribution from its international trading activities. At the signing ceremony for its Ss3o million/US$l5 million note issuance facility yesterday, Datuk Dr Mokhzani bin Abdul Rahim, chairman of KFCS. said: "Revenue from our trading activities through
      163 words
    • 548 15  -  Kuwait's $10.6 m job largest of the lot By LISA LEE REVAMPED MARINE and oilfield engineering services group Van der Horst, which recently staged a convincing turnaround, is back in fighting form. The group has been successful in bidding for a number of international
      548 words
    • 277 15 DBS LAND has been designated a trustee stock from today, joining 81 other counters which can tap a potential pool of $5 billion in CPF savings. To date, CPF savers have tapped $1.04 billion for approved investments. In comparison, a total of $690
      277 words
    • 457 15 MBT A FIGHT for board control of Pan Global Equities looms as Mycom subsidiary Kubb Nominees, a substantial shareholder, has called for an extraordinary general meeting (EOGM) to remove Pan Global s entire board. Speaking to reporters yesterday, Mycom's newly-appointed managing director, John
      MBT  -  457 words
    • COMPANY BRIEFS
      • 100 15 NATIONAL KAP Ltd, which last week successfully completed its public issue, has been admitted to the official list of Sesdaq. Trading in the 10.5 million shares will start on Friday from 10am. Two groups of existing shareholders of the company, one holding share certificates
        100 words
      • 138 15 CHOCOLATE PRODUCTS (M) Bhd has appointed Tan Sri Muhammad Yusuff Yunus and Mr Raj Logaraj its new directors. The company also confirmed that Tan Sri Samad Idris, Cheng Wah and Datuk Mohamed Yeop Abdul Raof had retired from the board. The company had earlier said
        138 words
      • 135 15 SOUTH PACIFIC Textile Industries (SPTI)'s whollyowned subsidiary, Soutex Sdn Bhd, is setting up a joint venture with Klynton Davis Ltd of the UK to make garments in Hinckley near Leicester. The new joint venture company called KD Apparel Ltd will be 60 per
        135 words
  • Page 15 Advertisements
    • 218 15 Keppel Corporation Limited (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Company and the Group for the six months ended 30 th June 1988:COMPANY GROUP Turnover Operating profit and investment income Net interest expense Share of results of associated companies Profit before taxation
      218 words

  • REGIONAL MARKETS
    • 437 16 October crash partly to be blamed Reuter NEW ZEALAND companies have racked up some giant losses since the share market crash last October. Investment firm Rada Corp Ltd recently reported a loss after extraordinaries of NZ$4BB 9 million for the year to March 31. Only
      Reuter  -  437 words
    • 3628 16 SHARE PRICES closed mixed on the Kuala Lumpur stock market yesterday after two sessions of advances. The pace was brisk, however, with profittakers active in afternoon trading. Tuesday's focus on the Hong Leong group of companies also appeared to have waned. Against the strong dou-ble-digit gains
      3,628 words
    • 135 16 Reuter SHIPPING MAGNATE Y K Paos property and hotel investment arm Wharf (Holdings) Ltd has revalued its net assets to HKSIO.9B a share as at ,r m HK$2 60 8 year ago A report containing Wharf s 1987/88 results Sa C^ e J :ompa^ y fni° balance
      Reuter  -  135 words
    • 172 16 Reuter WING TAI Development Co Ltd. a Henderson Land Development Co Ltd affiliate, is placing up to 113.88 million new shares at HK$2 each with institutional investors. Stockbrokers said the placement is part of a complex restructuring of the two companies under which Wing Tai will
      Reuter  -  172 words
    • 1381 16 Hongkong HONGKONG STOCKS closed slightly lower yesterday in fairly quiet trading clouded by concern about a flurry of forthcoming fund-raising exercises by listed companies, brokers said. The Hang Seng Index lost 8.46 points to 2.692.63 and the Hong Kong Index was down 5.27 at 1,780.81. Turnover eased
      1,381 words
    • 135 16 AUG 03 Chaii Sugar Daaitm Ind Daewoo Corp Daewoo Heavy Daiahin Sacuritiaa Dong Ah Ptvar Dong Suh Slock Dongbu Staal Gold Star WON ***** ***** ***** ***** ***** ***** ***** ***** ***** unch -500 -500 -200 -400 unch -200 unch -250 Hantl Bank ***** -200 Ha nil Cement *****
      135 words
    • 482 16 Reuter TOKYO SHARE prices closed mixed yesterday with the market pausing after climbs (or seven straight days, culminating in a record close on Tuesday. brokers said. "The market is incredibly boring. People are quite happy to sit back and let the market stabilise and let new sectors come in,"
      Reuter  -  482 words
    • 411 16 Reuter THE AUSTRALIAN share market closed easier yesterday as investors took profits in all sectors, brokers said. They said the industrial sector was mostly firmer, while the resource sector suffered from weaker gold and crude oil prices. "I think if News Corp hadn't come down in late trading, the
      Reuter  -  411 words
    • 161 16 Reuter THE SECURITIES Exchange of Thailand Index rose 7.80 points to 465.31 yesterday on a turnover of 4,027,107 shares worth 416.85 million baht. AUG a BAHT Ao Kham Thai 454 •♦•14 Ayudhya Invaatment 456 8 Bangkok Agro-lnd 126 I Bangkok Bank 323 -2 Bank Of Ayudhya 374 4 Charoong
      Reuter  -  161 words
    • 288 16 AUG 03 NT S +h All Sincara Indus 5 96 015 Asia Camant 92 00 2.5 Cathay Cons 116 50 3 Chang Hwa Bank 746 00 21 Chang Loong 44 20 1.2 Chia Hsin Camant 73 50 1.5 Chin Hsin Flour 30 30 0.7 China Cham 56 50 15
      288 words
    • 79 16 AUG OS PCSOS Acofa Mmtng Anglo Phil Apa« Mining B 0 0« -0 002 At1a» Coo B 20 -2 Baguio Gold Basic Patrol aum Banguat Con B 92 unch First Ptiil Mldg» 13 75 0 25 Lapanto B 052 -002 Marcoppar Oriental 8 0 036 -0 0Q1 Ptiil Overseas
      79 words
  • Page 16 Advertisements
    • 542 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LONGER CONTINUOUS SERVICE PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 200 Jalan Sultan #11-07 Textile Centre, Singapore
      542 words

  • WORLD MARKETS
    • 1001 17 New York Reuter WALL STREET blue chips finished marginally higher on Tuesday after struggling for most of the afternoon to overcome a mid-session falter. But the broader market failed to pick up despite a rise of nearly a point in the bellwether 30-year US Treasury
      Reuter  -  1,001 words
    • 1014 17 London Reuter LONDON EQUITIES opened mixed yesterday but tended to move ahead in later trading. Volume remained low. By 0900 GMT, the FTSE-100 was 5.5 points higher at 1,861.0 on volume of 113 million shares. On Tuesday, the FTSE--100 lost 6.7 points to close at
      Reuter  -  1,014 words
    • 1216 17 Selected indices HONGKONG Hongkong Index Wednesdoy 1.780.81 Tuesday 1.***** WNk ago 1.763.07 Hang Seng Index Wednesday 2.692 63 Tuesday 2.***** Week ago 2.665 23 All industrials Wednesday 2.5836 Tuesday Z5784 Wert ago 2.5665 NEW YORK Dow Jones Tuesday 2.***** Monday 2.***** Wert ogo 2.***** TOKYO Nikkei Average Wednesday ***** 45
      1,216 words
    • 77 17 Reuter CHEMICAL GROUP Hoechst AG expects to achieve record profits this year after group pre-tax earnings soared 31.2 per cent to 1 94 billion marks during the first half of 1988 from the same period a year earlier. Hoechst said in its half-year interim report that
      Reuter  -  77 words
    • 531 17 Insider probe linked to advance knowledge of news articles NYT TRADES THROUGH accounts at about two dozen major Wall Street firms are being examined in the investigation of trading based on advance Knowledge of articles in Business Week magazine. People close to the
      NYT  -  531 words
    • 382 17 AFP THE ITALIAN car group Fiat has acquired 14 per cent of Labinal. a French vehicle and aeronautics equipment manufacturer, in a hostile move. Fiat officials in Italy said on Tuesday that the shares were purchased from foreign investors outside the
      AFP  -  382 words
    • 248 17 NYT DONALD J Trump, the multimillionaire real estate developer, has bought 400,000 shares of the Pillsbury Co as an investment. The amount represents fourtenths of one per cent of Pillsbury's shares outstanding, but Mr Trump said he was seeking government anti-trust clearance to
      NYT  -  248 words
    • 271 17 Reuter TEXACO, which has already sold two major assets this year after emerging from bankruptcy, is looking for buyers for its Texaco Canada subsidiary. Texaco president James Kinnear said in New York on Tuesday that the sale would further the company's restructuring, forced by
      Reuter  -  271 words
    • 178 17 Reuter SMORGON CONSOLIDATED Industries has raised its takeover bid for Humes Ltd ordinary shares to A 52.60 each from A 52.40 after acquiring shares on-market yesterday at A 52.60. Under the Australian takeover code, a bidder must offer all the target s shareholders the highest
      Reuter  -  178 words

  • 462 18  -  By BOEY KIT YIN EXCESS STOCKS and slow sales will act as a drag on the operations of leading disk drive maker Seagate Technology in the next six months. But US analysts are confident that the US$l biHion company will emerge intact. The company
    462 words
  • 544 18  -  End to wage controversy in sight By CHUANG PECK MING AN END to the wage controversy between the Singapore National Employers' Federation and the National Trades Union Congress is in sight. After weeks of publicised differences, SNEF yesterday accepted the NTUC stand
    544 words
  • 247 18 SINGAPORE is being recognised as the best in more and more areas. That is why this year's slogan for the National Day celebrations is apt. says Minister for Communications and Information Yeo Ning Hong. In a ceremony yesterday, Dr Yeo unveiled the slogan,
    247 words
  • 172 18 Reuter REPORTS BY Japan's major private economic research institutes forecast average real gross national product growth of 4.9 per cent in the fiscal year to March 31, 1989, compared with the government's estimate of 3.8 per cent. GNP growth was 4.9 per cent
    Reuter  -  172 words
  • 316 18 Agencies A COMPENSATION PACKAGE for the US military bases in the Philippines could include debt relief for cash-strapped Manila. Philippine Foreign Secretary Raul Manglapus, in the first indication that a reduction of Manila's US$2B.6 billion foreign debt is being looked at, said yesterday
    Agencies  -  316 words
  • 220 18 Reuter AMERICAN microchip makers' share of the Japanese market rose in the April to June quarter after a drop in the previous quarter. A Ministry of International Trade and Industry (Miti) survey of 63 Japanese chip users, released yesterday, showed that the US
    Reuter  -  220 words
  • 119 18 Reuter NITTO ELECTRICAL Industrial Co Ltd of Japan plans to build a factory in either Singapore or Malaysia to produce integrated circuit (IC) package materials, a company spokesman said in Tokyo. The material is used to cover semi-conductors and protect them from
    Reuter  -  119 words
  • 198 18 Bernama THE MALAYSIAN tribunal looking into charges against suspended Lord President Tun Salleh Abas has submitted its report to the Yang di-Pertuan Agong, Datuk Seri Dr Mahathir Mohamad said yesterday. The Prime Minister, however, did not say when this took place. The matter is
    Bernama  -  198 words
  • 346 18 Reuter PREMIER YU KUO-HWA has said Taiwan wants a free trade agreement with the US, its largest trading partner, a Taipei newspaper reported yesterday. Mr Yu said pressure from Washington on Taipei to lower its import tariffs had benefited Japan and Europe
    Reuter  -  346 words
  • 168 18 Bernama A PRIVATE think-tank, the Malaysian Institute of Economic Research (Mier), said yesterday that Malaysia could expect a 7 per cent growth this year and is all set for a new boom. The Mier, which revised its 1988 growth forecast from 5.9 per
    Bernama  -  168 words
  • 106 18 Reuter COMEX GOLD FUTURES were marked up on a burst of dealer buying early yesterday in a market temporarily empty of sellers. In the first hour, the October gold delivery rose US$l.9O at U*****.80 an ounce, which was short of Tuesday's high of U*****.40. Analysts said
    Reuter  -  106 words
  • LATE FILE
    • 57 18 Reuter PRESIDENT Ronald Reagan yesterday vetoed a U*****.5 billion defence bill, saying it would weaken the US militarily. "This bill would signal a basic change in the direction of our national defence, a change away from strength and proven success and back toward weakness and accommodation
      Reuter  -  57 words
    • 57 18 AFP JAPAN'S finance ministry plans to enforce a new article on insider trading on Aug 23, more than three months ahead of schedule, following a recent rash of suspected insider trading cases. Ministry officials said yesterday that the new article stipulates the ministry's right to
      AFP  -  57 words
    • 39 18 Reuter MERGERS and acquisitions by resident Japanese companies hit a record 2.300 in the fiscal year ended March 31, 1968 after the previous peak of 2.083 set in 1988/87, said the Fair Trade Commission yesterday. Renter
      Reuter  -  39 words
    • 29 18 AFP THE Supreme Court in New Delhi yesterday upheld the death sentence for two Sikhs involved in the 1984 assassination of premier Indira Gandhi. AFP
      AFP  -  29 words
    • 45 18 Bernama FORMER Bumiputra Malaysis Finance Berhad (BMF) chairman Lorrain Esme Osman, who lost his fight against extradition to Hongkong in London's House of Lords last month, will make another application for habeas corpus in the divisional court on Oct 17. Bernama
      Bernama  -  45 words
    • 32 18 Bernama FORMER managing director of Mitsubishi Motors Corporation of Japan, Kenji Iwabuchi, has succeeded Datuk Wan Nik Ismail as managing director of Proton, effective Aug 1. Bernama
      Bernama  -  32 words
  • Page 18 Advertisements
    • 267 18 MEET WITH SUCCESS AT LE MERIDIEN SINGAPOUR CHANGI .1* Mmf For your conference or meeting away from the hectic pace and interruptions of the city, Ux>k no further and meet at I>e Meridien in Changi. With a choice of elegantly-designed function rooms, each equipped with modern facilities, leave all your
      267 words

  • SHIPPING TIMES
    • 124 19 Reuter A SHIP with a cargo of gas-bot-tles bound for Karachi exploded and sank in the Gulf of Oman yesterday injuring three crewmen, shipping sources said. A French warship rescued the Greek captain and the eight Pakistani, Singaporean and one Australian sailors. They said
      Reuter  -  124 words
    • 410 19  -  Malaysian ministry receives three proposals By G DURAIRAJ AT LEAST three companies, including the Malaysian International Shipping Corporation (MISC), have applied for licences to operate container haulage services in Peninsular Malaysia. It is understood that several parties have expressed their intention to seek
      410 words
    • 142 19 Reuter NIPPON Yusen K K. plans to reorganise five "of its majority owned subsidiaries into two groups to gain a competitive edge in the deficit-ridden shipping industry, a company spokesman said. Tokyo Senpaku Kaisha will merge with Shofuku Steamship Co. Before this. Shofuku Steamship's
      Reuter  -  142 words
    • 293 19 UPI SURVIVORS of a Filipinoregistered freighter, Singa Sea. missing for nearly a month, have been picked up by a supertanker 321 km west of Perth in the Indian Ocean, the Canberra-based Sea Safety Centre said. A spokesman for the centre. Vincent Daly, said "six
      UPI  -  293 words
    • PORTSIDES
      • 51 19 Reuter THE GREEK bulk carrier Oinoussian Pride, which was adrift off Japan with an engine defect, was temporarily repaired by salvors and the vessel started to sail for Yokohama late on Aug 1, Lloyds Shipping Intelligence Service reported. A salvage tug is escorting the vessel to Yokohama.
        Reuter  -  51 words
      • 66 19 Reuter THE KUWAITI livestock carrier Al Qurain (43.472 dwt) made contact with the corners of a berth during berthing operations at Portland. Victoria, on July 28. gashing the vessel's portside shell plating. Lloyds Shipping Intelligence Service reported. The damaged area will be cropped and renewed.
        Reuter  -  66 words
      • 114 19 Reuter THE PANAMANIAN bulk carrier Bothnia Trader and the Algerian vessel Hodna were in collision south of the Canary Isles, on Aug 1, Lloyds Shipping Intelligence Service reported The 21.997 dwt Bothnia Trader, from Almeria bound for Gabon laden with gypsum, had severe damage to
        Reuter  -  114 words
    • 274 20 Lloyd's List AN INITIAL claim on the London insurance market for US$2OO million compensation for the Piper Alpha disaster is imminent. About 60 per cent of the initial claim will be directed at Lloyd's syndicates with the balance mainly falling on the member companies
      Lloyd's List  -  274 words
    • 796 20 A West Marin® X 3 AB Shpg V 5 ABC Container IX 1 ABSS Shpg X 2 Accord Shpg VI 3 Alltrans VII 3 American Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API III 2/3
      796 words
    • 177 20 THERE was a sharp increase in the number of oil spills from offshore operations around the United Kingdom last year, according to a report. There were 500 confirmed cases of oil pollution in 1987, an increase of 15 per cent over 1986, said
      177 words
    • 183 20 THE INDONESIAN stateoil company Pertamina's Bontang gasfield in East Kalimantan will make its first shipment of liquefied petroleum gas to Japan shortly. According to Pertamina, the 350,000 tonnes a year LPG processing unit in Bontang, currently nearing completion, will be commissioned soon. Together
      183 words
    • 1111 21 Lloyds Maritime Asia DAVID LIU, the US Gulf manager for Yangming Line's shipping agency, is turning away eastbound cargoes on the carrier's service between the Texas gulf coast and the Far East. His ships, he said, are brimming. "We can't honour all
      Lloyds Maritime Asia  -  1,111 words
    • 7490 26 UNM Mttrlt Tokyo UnrM Lme Aug 4 Kamakura Triot Aug 4 liao Ha. Chin. Ocwn Aug 4 Ming Unnwi., Yang Ming Aug 5 Ever orid. Ev.rgr.wv Aug 7 B Sun.. ScanOutcht Aug S Villa de Jupiter CM 0 Alretlemenl. Aug 10 Ever
      7,490 words
    • 1212 26 INDIAN charterers proved particularly busy in otherwise patchy trading dominated by time-charter engagements on the London shipping freights market on Tuesday. The Indians paid US$2B (fio) for three August bagged rice shipments of 13,000 tons. 15.000 tons and 19,000 tons from Bangkok and Kosichang to India, while working
      1,212 words
  • Page 19 Advertisements
    • 965 19 > TIMES STP Distributors gNGA*"* >:■ OOCL OigENT Ovh\ftAS CttUeim* Line WW/ agents JAROINE SHIPPING AGENCIES (Ref No 242K41 00K) 200 Cantonment Road #12 05 Southpoint. Singapore 0208 Tel *****11 TELEX NO RS 2*179 TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JAROINE SHIPPING AGENCIES SON BHD PORT
      965 words
    • 57 19 mm AN INITIAL claim on the London insurance market for US$2OO million compensation for the Piper Alpha disaster is imminent. Page II THE boom in trade between Texas and the Far East is due to a combination of factors. Page 111 Index to advertisers II Ships in port IX Shipping
      57 words
    • 491 19 TESTING FACILITIES AVAILABLE HINTERMARINE SUPPLY CO. (PTE) LTD. TEL: 285*33 UNES) TLX- MCCO R8 MB FAX: 3H4477 line MAERSK RAPID TRAIN IS THE FASTER TRACK TO U.S. GULF To Europe—UK Scandinavia Finland M Mondo M Mondo To Mediterranean Sea M Mondo M Mondo M Mondo M Mondo 12* 17* 4/10
      491 words

  • Page 20 Advertisements
    • 610 20 Sf Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/I ANTWERP I KAMAKURA ARLBERG RHINE MARU TOKYO BAY FRANKFURT EXPRESS HAMBURG EXPRESS LA SEINE LONDON EXPRESS ALSO ACCEPTING CARGO TO: ALL UK INLAND DCSTINAT BELFAST, DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. kM. CARIBBEAN I S. AMERICA CONTAINER
      610 words
    • 20 20 /js"3\ Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National V&E£ffc) Shipping Association Wwht.*/
      20 words
    • 526 20 AMERICAN TRANSPORT LINES, INC ifltt U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO AmTrans. BY FEEDER VESSEL ACCEPTINC CARGO TO ATLANTA, SAVANNAH. BALTIMORE. MIAMI TAMPA. OTHER U.S. EAST COAST PORTS ON REQUEST ALSO ACCEPTINC CARGO TO CENTRAL/SOUTH AMERICA CRISTOBAL. PUERTO CABELLO, SANTOS. RIO GRANDE. PARANAGUA. RIO OE JANEIRO. BUENOS AIRES OTHfR PORTS
      526 words

  • Page 21 Advertisements
    • 1111 21 SS The Straits Steamship Group v\>l Mansfield Container Shipping Re Ltd P&O Containers CONT/UNERSHP SERVICE TO UK/CONTINENT: MOMS KONG EXPRESS TOKYO BAY FRANKFURT express LA SCI ME HAMBURG EX MUSS urn i*m vm im n* M* M zrn m S1» M'hri m*«w Mm uMi am am am am am am
      1,111 words
    • 597 21 NOTICE M.V. "SUHANA" ARRIVED SINGAPORE M-7-M Consignees of all damaged cargoes ex the captioned vessel are hereby notified that a General Survey will be held on the sth August 1988 (Friday) at Keppel Wharves Kl9 from 0800 hours 1300 hours. No further survey will be entertained thereafter. Agent* LINK KPHLAI
      597 words
    • 222 21 ANNOUNCEMENT BALTIC ORIENT SHIPPING PTE LTD 79 ROBINSON ROAD CPF BUILDING UNIT 24-04 SINGAPORE 0106 VIETNAM SERVICE Via SINGAPORE FULLY CONTAINERISED: REEFER DRY VENTILATED BETWEEN HO CHI MINH HIPHONG AND INDIAN SUB CONTINENT EAST MEDITERRANEAN/NORTH AFRICA/E.E.C. COMECOM/EAST EUROPE AUSTRALIA/ NEW ZEALAND Full liner service and through delivery. Other Indochina destinations
      222 words

  • Page 22 Advertisements
    • 521 22 HXSINOSE u MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES Singapore nit Loading for:BANDAR ABBAS KYOWA LINE DARA SAMUT Singapore Loading for: 8/9 LAE, PUB, HRA OCEANIA EXPRESS V-19 25/8 OCEANIA EXPRESS V-20 11/9 ASIAN LILY V-43 HK LOAD FOR 25/8 GUAM, SAIPAN 11/9 GUAM, SAIPAN YOKO LOAD
      521 words
    • 852 22 wb tc SLINE C»w» FULLY CONT AINERIS ED SE R VICE 10 EUROPE VIA SUEZ 1 MfmbK ol the Ace Consortwm KOREAN JACEWON MW QUEEN'S WAT BRIDGE «W SEVEN SEAS BRIOCE (7W KOREAN CHANCE JM ACE CONCORD IIW ORIENTAL CHIEF QW transhorld bridge m Sport LaHa< 7/1 2S/I io/» mt
      852 words
    • 148 22 VA FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 9/8 23/8 MIDDLE EAST NEW SERVICE DUBAI 12/8 24/8 AUSTRALIA/ NEW bookings: *****88 (8 Lines) SINGAPORE: *****45 (25 Lines) JOHORE BAHRU: (07) *****2, *****7 KUALA LUMPUR: (03) *****66 (6 Lines) PENANG: (04) *****9, *****5 JAKARTA: (021) *****1/*****2 fA
      148 words
    • 1115 22 m mam EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) iSffiiiaiSSSSS* 17/1— XA M ID 1/1# 2/10 2fclt lea 3a 5! 22/1 l/M 2/16 3/10 ITfi lif *ir 2H U M VMftAA i£l? 11?? ,»rv? 2M 1/9 l/l 4/1 l/l 10/9 li/f |/i 0 |/v 0 |/i« ijnf 7 fi
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  • Page 23 Advertisements
    • 871 23 PACIFIC INTERNATIONAL LINES »V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VOY SIN JKT MY VOY SIN POO mho kao kee mtc yon moo kob bos 17M S4d l/l 7/S 2SNB 10/1 10/1 11/1 17 It tM 21/1 34/1 2VI Wl ISSB 11/1
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    • 332 23 \a BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT rHAVtN ROAM NAVM BM ZJ» m in m VI VI w I*l IK» UN un un an Ml Ml M Wl «N EXPRESS CONTAINER SERVICE FROM UK/CONTINENT NM rHAVtN R'Ma NAVM STON f KLAJK TFOK FOR SmM SMM MM SuM S»M
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    • 498 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY U. BONTANG/15WB KUTAI/15 WB OCEAN PRIMA/11WB SRIWIJAYA/24W8 Port Said, Port Alexandria, Genoa, Trttdi. ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL CARGO VIA T/S TO UN PORTS.
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    • 350 23 BOUSTEAD SHIPPING AGENCIES Iteto BURMA FIVE STAR PW SHIPPING CMPOMTinii (Burmese National Line) HTONEYWA V237W PAGAN VI3IW PA-AN VUM VtfU Au. 1507 AUG WB A«« Loading for Rangoon P.Kalang Ptnang Bangkok BANK LINE SEMI-CONTAINER SFPvirr W 1/9 150 Ufi BSSSaLw JSo x X SPORE ROAM HULL HMBC BCECO ASIA V4S
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  • Page 24 Advertisements
    • 529 24 KAWASAKI KISEN KAISHA, LTD. N. AMERICA-ATLANTIC COAST EXPORT ORIENTAL FORTUNE NEPTUNE JAOE ORIENTAL FAIR RAINBOW BRIDGE VIA FttKR IMPORT ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST •PK/PNG SGP 4 4 m 23/ i 27/8 30/8 MOTHER VESSEL TOWER BRIDGE BAY BRIDGE GOLDEN GATE
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    • 185 24 r TtL *****75/85 TLX NO MA ***** Accepting LCL and containerised cargo** Direct to South Africa Accsotint Containsn Only VAAL 5937F VIRGO OHBf w m Durban 2W J/9 P.Eliz 2S/8 10fl C.Town 2M 12/9 NEDLLOYD COLOMBO SG3SC VENTO 04Q7G OSAKA MARU 5740G P.Eli* 18/7 8/7 27/7 C.Town Durban 20/7 24/7
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    • 747 24 AUSTRALIA EXPRESS CONTAINER SERVICE AecepOng FCL/FCL Container* KALIOAS VJI TULSIOAS ¥J7 HAL I DAS V.B TULSIOAS VJI Mottar Vtl Br Faadar By Faadar 14 A* 7 Au| 7 Ami Fram4Mb/Sydn/Adal 1 Sapt 1 W Fram4M>/Sydn/Adal 3 Oct 27 Sapl 27 Sapt Fraai/MMb/Sydn/Adal Oct 19 Od nOO Fram4la»/Syd*/Adal INDIA EXPRESS CONTAINER
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    • 527 24 GOLDEN LINE WM GIV GUAN GtJAN SHIPPING (PTE) LTD 11 0. T»to* Ayar Sir mi Y" T 4 SINGAPORE 0104 TEL 5343W (10 LINES) Fu *****04 STRAITS/PERSIAN GULF SERVICE: Spor. P Koto* Pwm GOLDEN HAVEN Cotomto/toschi/Ouf* l/l Am GOLDEN BEAR Cotombo/KarKtM/Oubai 20/23 fcuc CHINA SERVICE DAI TUN SHAN Stanftu- if
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    • 409 24 ruiu ilmc/j, luuiMiay, 4, 1900 0 PHILI OnifNT UNfS PTt LTD HEAD OFFICE 63 ROIINSON ROAD -07 12 AFRO ASIA BUILDING SINGAPORE 01CS TELE RS ***** PHILI FA* *****76 ETA SINGAPORE DESTINATION ..11„ '.',l,''.',! trrn'tr^nr^i i j li-HM ttwt LAI7AKIA. BENCH Ail ALGIER. TRIPOLI. ALEXANDRIA PORT SAID. PIRAEUS, CASABLANCA. LIMNASOL.
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  • Page 25 Advertisements
    • 855 25 NEPTUNE ORIENT LINES LTD NEPTUNE AGENCIES PTE. LTD. Ft EU/AUST TPA/SEA QwwraJ EnquM*a: T»l: 278M77 Taontnal CFS BOOKINGS: *****53 VK742 *****22 *****53 2 *01 U 27W11 NEPLINE SDN. BHD. MMBB NEPLINE SDN. BHD. 2UM33 1 NEPLINE SDN. BHD. *2BBS«7*I0/W7*1«7H2 NEPLINE SDN. BHO. m*XTW*\ 27*5753 27K742 *****19 27*111 2*olll Z*****1 INWARD/OUTWARD
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    • 484 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG. PENANG. KEELUNG. BUSAN. INCHON WEF JUNE 1) BUSAN SINGAPORE 2) 10 DAYS SERVICE It Vooool'i Nmm ETO IS No I DonomflOtN 21*7 In Port OMMI U-11/M lt-IIM 21/W Gloru/W7N OM* 15-17/H U-l»« 27-27/W 01-OMB 0M» No I Donam/K7N 11*1 22-24«
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    • 773 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55. Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC P KELANG MESSRS HAI THONG SHIPPING 127 Pen»n| Street. Pw»nf. Malaysia M/S HANDLING SYSTEM CO SDN
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  • Page 26 Advertisements
    • 255 26 SINGAPORE SHIPPING CORPORATION (PTE.) ITO. TEL 225 6868 (30 Lines! FAX *****39/*****76 TELEX RS ***** A/B SSCMA. RS ***** A/B SSCAD DSR-LINES i VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE 3flo I me 5/io l mo -VIA IARNACA ACCEPTING
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    • 89 26 SHOFUKU LINE WEEKLY CO MAIN E RISE 0 SERVICE WITH FIXED DAY ARRIVAL TRANSIT TIME TO TAIWAN/JAPAN MY. KABUKI Vn ETA SIN 11/8/ M SPORE KAOSHIUNG 4 DAYS KEELUNG TOKYO SHIMIZU NAGOYA KOBE S DAYS DAYS SHOFUKU AGENCIES (S) PTE LTD *****68 W MALAYSIA AGENT: TRANSASIA SHIPPING CORP TEL: K.L.
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  • Page 26 Miscellaneous
    • 149 26 Regional Went Mr m w c I it /i it Z/a rV SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO August 4, 1988 •c /S a" Wrd direction with speed n knots R Thunderstorm c A A s Weather _X Wind direction >mh speed «t knots "OTI Cloudy Sky Wov h^9h
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  • Page 27 Advertisements
    • 361 27 FARGO SHIPPING COMPANY (PTE) LTi No 15 Hoe Chiang Road #13-02 Sanford Building. Singapore 0208 Tel *****22 Tlx: ***** FASCO ABC CONTAINERIZE N.V TO AUSTRALIA/NEW ZEALAND vs. Tut Eiprtw W VH I*lo Atoo accepting cargo to:AUSTRAIIA AdaiaM*. Britbana MEW ZEALAND Wellington. Naptar. Christchureh TO USA/CANADA 19 DATS FROM FOS/MARSEILLES FROM
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    • 333 27 CSP SHIPPING AGENCIES PTE. LTD Tel: *****66 (16 Line*) Fax: *****61 LCL FIXED CONSOLIDATION T wmi jiii S pore to S'poro to S'poro to S'poro to S'poro to S'poro to S'poto to S'poro to S'poro to S'poro to S'poro to S'poro to S'poro to S'poro to S'poro to S'poro to
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    • 1022 27 V AT CONVENTIONAL WHARVES KEPPEL WHARVES Adhi ffoyomar Al«*ondr Pus/P 6v#r Bright Hurt jin Feng Koto Tmivr Kns Merufe Lin Petal ing 3 Murrayeverett P">gquon SO Estoro W»bb#rs Post *uheng No 2 Equator GHikas ikopo Inobukwo Iroieuor Stroits Pride Tro«l How PASIR PANJANG Aleson |/P ftonostor 2 Fa'ken stem 1
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    • 224 27 Page IX UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 HE IRAQI LINE '**0' INTfRMiSt (OR MARITIME IMajfOOT MV SINDBAD EAST BOUND SERVICE ETA S POKE LOADING FOR 15/8 Japan THROUGH B/Lt to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA4 BAG REEFER SPACE AVAILABLE
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  • Page 28 Advertisements
    • 389 28 Hai Sun Hup Co (Pte) J L TEL *****06 (20 Lines; TLX RS ***** &RS ft ft. I \M I K\ R I l\| K III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS Senbofcu Moji 22/8 *Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN
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    • 434 28 CGMi FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES For Gulf* Htm Orleans, Vara Cna. Maiico City V" Torw,to B*«iaiora, PortaMouOi. Norfolk. Savannah/ FRENCH W. India* Fart Da Franca. PoMra A. Pttra. Dagrad D. Camaa. Indiea Fart Da Franca, Patntra A. PHre, o
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    • 352 28 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 inctdf China incldg Laos all major ports Seattle, Portland, LA, SFO A major ports Edmonton, Calgary, VCR Winnipeg, Saskatoon, TIT Montreal, Ottawa Pr MASKAPAI
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    • 662 28 BMh CALL US AT: P. KELANG PENANG J. BAHRU P. GUOANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 '07-*****8 <07-*****3, *****5, *****0, *****1 •02-*****22 *****88 frVEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE J."''"! fT-TT rT7T B. BUT AUG 473 H i in!-Wf 1 !'!!'w vtvbt BREMERHAVEN. COPENHAGEN, HELSINKI. NALMO, OSLO, STOOWOLM
      662 words