The Business Times, 8 September 1988

Microfilm: NL16251
Total Pages: 32
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, SEPTEMBER 8, 1988 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    247 1 AFP Dow Jones up THE NEW YORK stock market advanced yesterday morning as inflation worries and interest rates continued to subside. The Dow Jones average of 30 industrials rose 9 24 points in the first half hour of trading, but by 1430 GMT, the gain had shrunk
    AFP  -  247 words
  • Article, Illustration
    Trading dull on local market
    163 1 REGIONAL stock markets tracked Wall Street s overnight performance to close relatively higher yesterday, except for the Australian stock market which finished lower. Trading was lacklustre on the local front. Brokers said investors were generally sidelined in view of uncertainty in major stock markets. The
    163 words
  • Article
    US dollar falls below 135 yen
    158 1 THE US DOLLAR finished below 135 yen in Tokyo yesterday for the first time in a week. Dealers said the dollar's softness was a continued reaction to the higher US unemployment figures released last week which showed the American economy was growing less strongly
    158 words
  • Article
    Lock icon Embassies evacuate citizens from Burma as 'precaution'
    499 1 Agencies SEVERAL FOREIGN embassies in Rangoon have started, and others are making plans, to j evacuate their citizens as the i Burmese government last night ignored an ultimatum that it resign. Earlier yesterday, the gov- ernment issued orders to troops to shoot looters.
    Agencies  -  499 words
  • Article, Illustration
    Hi-tech farms set to be billion-dollar industry
    492 1  -  Backbone of national biotechnology masterplan By LILIAN ANG AGROTECHNOLOGY is poised to become a billion-dollar industry within the next three to five years, with plans for local and foreign investors to open up some 400 to 500 high-tech farms. About 2,000 hectares of
    492 words
  • Article, Illustration
    Lock icon S'pore a base for technology transfer
    240 1  -  -By Lilian Ang AGRICULTURE-BASED companies in Europe. America and Japan are investing in high-tech farms in Singapore with the aim of using the republic as a base for technology transfer to the Asian region. Among the 45 farms already underway, is a prawn farm
    Source: EDB  -  240 words
  • Article
    EDB sees 5 key technology intensive industries
    229 1  -  rawn -by, Andrew Rajkumar THE ECONOMIC Development Board has singled out five technology intensive industries likely to play a key role in shaping Singapore's economic future Teoh Yong See, director of the EDB's National Biotechnology Programme, identified the five industries as information technology,
    229 words
  • Article
    Government to consider compulsory insurance for lawyers
    409 1  -  By LI LEONG WEN WAH THE GOVERNMENT has agreed to consider the Law Society's scheme for compulsory professional indemnity insurance for its members. The scheme is likely to be implemented next year. Mr Sat Pal Khattar. the chairman of the Law Society sub-com-mittee
    409 words
  • Article
    Lock icon Malaysia returns to high-growth path
    187 1 Reuter MALAYSIA has returned to the strong economic growth of the *****, with real gross domestic product growing at an annual rate of 10.5 per cent in the second quarter of 1988 after 9 per cent in the first, according to Prime Minister Datuk Seri
    Reuter  -  187 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      94 1 TIEN GOUKTif SICHUAN CUISINE (All King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 Full report, PAGE 18 Reg mkts, PAGE 20 World mkts, PAGE 21 Market hit record turnover in June, BACK PAGE v r. H BRfIUIU... -J Start off on a right note in the morning. Use Braun
      94 words
    • Advertisement
      Page 1 Advertisements Column 2
      223 1 Editorial Comment: 10 Shows that need top-flight safety The elections 10 Poll results herald new era The United States 11 The American dream may be turning into a nightmare Home News 2; 3 Protectionism hinders tourism; Companies that will keep older workers on Foreign News: 6,7 Deng hopes Bush will
      223 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 See Back Page
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      77 1 >/|&(=%?+&~$,=`]+|%~+)("+*])[,& wm< j> nui Amlni DINING ON TOP-OF-THE-WORLD Join us at the top. Enjoy the best Beijing cuisines specially prepared by our master chef. All yours to savour, amidst the grand panorama of the city and southern islands, the cosy ambience and the warm and personalised service our definition of
      77 words
Page thumbnail Page 2
  • HOME NEWS
    • Article, Illustration
      Blatant airline protectionism clips wings of tourism: STPB chief
      419 2  -  By TONG SUIT CHEE "BLATANT PROTECTIONISM'' by some airlines and regulatory authorities was hampering growth of the international tourism industry. said Singapore Tourist Promotion Board chairman Lim Chin Beng yesterday. Mr Lim, who is also deputy chairman of Singapore Airlines, made
      419 words
    • Article
      Singapore Time ticks on smoothly, thanks to high productivity
      173 2 HIGH PRODUCTIVITY was the primary reason behind watchmaker Singapore Time s sales turnover of $62 million last year or about nine million timepieces This year, the 14-year-old subsidiary of leading Japanese watch-maker Seiko, with an employee strength of about 1,200, h
      173 words
    • Article
      DHL slashes rates for some consignments
      124 2 DHL Worldwide Express has slashed by half its regular rates for non-document consignments between Singapore and Malaysia. The discount part of a promotional package between the two countries is for a twomonth period beginning this month. In addition to the cut in rates, customers
      124 words
    • Article
      Seafood processing industry can expect good catch
      317 2  -  By GENEVIEVE CUA SINGAPORE is emerging as a major transhipment and processing centre for the seafood processing industry with exports of fishery goods expected to top US$3OO million this year. This was the prognosis of officials who have put together the Republic s
      317 words
    • TRADE TALK
      • Article, Illustration
        From the tap
        156 2 A JAPANESE-MADE "ion cup" holds the promise of turning that clear, sparkling water from the tap into mineral water. The product has been introduced at this year's Gracious Living' exhibition, being held at the World Trade Centre until Sep 11. The device, (above) which has been approved
        156 words
      • Article
        Atari's on top
        171 2 A COMPUTER from Atari that can run software for IBM-PCs and Apple Macintoshes has been picked by a judging panel as the best product in the computer hardware section of the Comtec '88 show a week ago. The Atari 1040 ST, submitted by agents Hin Seng Pte
        171 words
      • Article
        Stick them on
        56 2 IN THE COMPUTER peripherals section, the most outstanding product was stick-on computer forms from Colles Paragon This product, from the US. was described by the judges as being an "innovative answer" to a real user problem The product comprises self-stick labels on fan-fold computer forms so that
        56 words
    • Article
      MEMO PAD
      329 3 Seminars and WS~i CAHNERS EXPOSITION OROUP Courses Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 A Sep 21-23 Computer Operations Management Workshop Royal Holiday Inn Singapore Institute of Management *****66 Sep 23 Sales Management by Objectives Sheraton Towers Mercuri International (Management) Pte ltd *****68 Sep 26-27 The Secretary
      329 words
    • Article
      Engineers urged to hone R&D skills
      177 3 SINGAPORE'S role as a major manufacturing centre for high technology products has resulted in a growing demand for research and development managers and engineers. Dr Tay Eng Soon. Minister of State for Education, said yesterday that with more product development and new designs originating
      177 words
    • Article
      Preserve arts on tape, says Ong
      77 3 TRADITIONAL performing arts which are slowly being phased out should be captured on video tape, said Ong Teng Cheong, chairman of the Advisory Council on Culture and the Arts. Mr Ong, who is also the Second Deputy Prime Minister, was speaking at the opening
      77 words
    • Article
      Mail suspension
      62 3 ALL MAIL SERVICES to the UK have been suspended until further notice. A Telecoms statement said yesterday that this was due to industrial action by postal staff in the UK. All letters, parcels and Speed post items posted before the suspension of mail services may be delayed or
      62 words
    • Article
      Firms will keep older workers on — if...
      546 3  - Firms will keep older workers on if... By ANNA TEO COMPANIES in Singapore are generally prepared to keep workers who are over 55 years on their payroll but with conditions attached There is, however, still a sizable number quite resistant to the idea, according to a recent survey by the
      546 words
    • Article
      Sub-committee on aged to release findings on employment soon
      295 3 A SUB-COMMITTEE of the Advisory Council on the Aged is expected to release its findings on employment of the aged soon. The 10-member Committee on Employment for the Aged is chaired by Stephen Lee. the president of the Singapore National Employers'
      295 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      456 2 M, V v i ..vi*|>CVA«'! C«fcO»AK* 2 D 9*** NTANCASCK-KAfTrt«VHAUH&TtHO; -XAI *S «*i;<n*oc»*A f < -.NC I OVM«t9TANMU*t'C HA* Tr r** cAftOC »A «i>fAf4CA»DC «A«T«*BtMs BTa* dam ac ha s 7 e gov* C HA*tre»&MUU|M I (tTAM OAAOCKA 1/|C>V HAftTS«£ti6A*K»fAlAfc«C*l*.lii»Ffl§i>RAfc*STA' ,r a |f /j/^ 0 flj w j.ttj'i nrnri u
      456 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      275 3 Now you can enjoy those luxuries as standard The Horizon Floor at the Shangri-La. Designed to fulfil the needs of the business traveller, the Horizon Floor affords you the ultimate experience in hotel living. Greeted on arrival by our Guest Relations Officer, you will be escorted to your superbly appointed
      275 words
Page thumbnail Page 4
  • ADVERTISING & MARKETING
    • Article, Illustration
      How to handle a media crisis
      632 4  -  By MONICA GWEE WHEN "TROUBLE" brews, corporations panic. There's no need, not even when the media is hounding. Today s executives are faced with new problems unknown until only a few years ago, such as terrorism, director liability, product tampering and politically-mo-tivated boycotts It's
      632 words
  • Article, Illustration
    Moutrie buys into two designer agencies
    387 4 MOUTRIE PTE LTD has obtained two new agencies the franchise for the British Richards clothes shop, and Morabito. a French line of handbags. The Richards label is aimed at women in junior to middle management with a disposable income of between $1,000 and $3,500
    387 words
  • Article
    NZ varsity offers packaging course
    235 4 NEW ZEALAND'S Massey University is offering a course in packaging technology, which it claims is the first of its kind in the Pacific region. The four-year undergraduate course was established within the university's faculty of technology this year. The university will soon appoint a Professor
    235 words
  • COPY LINES
    • Article
      Seminar to tackle industry issues
      109 4 A ONE-DAY SEMINAR for the advertising industry and executives interested in the business will be held on Saturday, Oct 8. at the York Hotel. Carlton Hall. It aims to provide a forum for industry members and to promote Singapore as a major international centre for
      109 words
    • Article
      Two ad firms to represent IBM
      114 4 INTERNATIONAL BUSINESS Machines Corp in New York, which reviewed its advertising needs recently. has engaged Wells. Rich, Greene Inc and Lintas:USA. IBM said the new agencies will handle corporate advertising and advertising for its US Marketing and Services organisation. Lintas will be responsible for
      114 words
    • Article, Illustration
      Eureka turns 10
      121 4 EUREKA ADVERTISING celebrated its 10th anniversary last Friday bobbing on the seas About 80 Eureka staff and guests boarded a Chinese junk at Clifford Pier en route to Sentosa where eats and drinks awaited. Back on the junk, cake and champagne were the order of the evening.
      121 words
    • Article
      New creative director at CAM
      29 4 TOM POTZMAN, formerly from DDB Needham in Hongkong, has joined CAM Associates as creative director, replacing Michael Weare who will be returning to England
      29 words
    • Article
      Medianet to be launched
      120 4 AN INFORMATION SYSTEM similar to Teleview, Telecoms' multi-million-dollar interactive system, will be launched for the advertising industry next month. Medianet allows two-way communication and links advertising agencies with media owners. The system can display current media rates in colour and perform such transactions as messaging, ad
      120 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      142 4 Welcome to a stopover in Germany. mmmm o£^4sm£ '~~v* i. ■TiyTfTF r**m %aawi *~i ***T TOl _i 1 1 jM I 1 >"V.: -A dP-C Ji %*i r.> «b» :»ir3£&l <*» --j BbU-i* *-£®> V* T 4.,,.. --> «^>«^.. -;J"- > t Wherever yGu go in Europe, either on business
      142 words
    • Advertisement
      Page 4 Advertisements Column 2
      10 4 M onagers ust anage BT shows you how every Monday.
      10 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      339 5 COMPUTERISED POWER STEERING. THE ULTIMATE TRIUMPH FOR HUMAN ENGINEERING NEW NISSAN CEDRIC BROUCHAM VIP Sfxtd Senung Pouter Steering Other remarkable features in the new Nissan Cedric Brougham VIP: World's first computer-controlled dual-zone airconditioner 4-Wheel Anti-skid Braking System Revolutionary Nissan Air Suspension System Full Range E-AT automatic transmission Power front and
      339 words
Page thumbnail Page 6
  • ASIA-PACIFIC
    • Article
      Lock icon Deng hopes Bush will be next US president
      411 6 Chinese leader calls US vice-president 'old friend' UPI OCTOGENARIAN Chinese leader Deng Xiaoping said yesterday he hoped US Vice-President George Bush, the Republican presidential candidate, will be elected in November. Mr Deng, during a meeting with US Defence Secretary Frank Carlucci, described
      UPI  -  411 words
    • Article
      Lock icon China needs money from arms sales
      243 6 AFP CHINA will continue to sell weapons around the world, including missiles, because it is a poor nation and needs the money, Defence Minister Qin Jiwei says. "In the future, China will not be able to sell its weapons on a big scale. But
      AFP  -  243 words
    • Article
      Lock icon Zhao losing control over China's economic policy?
      233 6 FT ZHAO ZIYANG, the Chinese Communist Party general secretary and a leading proponent of free-market reform, appears to have been forced to relinquish control of economic policy. The move suggests that controversy over China s economic reform programme may have reached a decisive
      FT  -  233 words
    • Article
      Lock icon Thailand plans to turn Indochina's battlefield into a trade zone
      219 6 OANA-TNA, AFP THAILAND is ready to trade with the Indochinese countries in line with the new policy of Prime Minister Chatichai Choonhavan to change Indochina's battlefield into a trade zone, according to a Thai minister Commerce Minister Subin Pinkhayan told
      OANA-TNA,; AFP  -  219 words
    • Article
      Lock icon Taipei investment seminars net KL at least 30 deals
      135 6 Bernama AT LEAST 30 Taiwanese have made firm commitments to invest in Malaysia following two high-powered seminars held in Taipei and Kaohsiung over the last two days. Malaysian Trade and Industry Minister Datin Paduka Rafidah Aziz who led the Malaysian mission.
      Bernama  -  135 words
    • Article
      Lock icon Lange retains finance minister in new Cabinet
      411 6 AFP NEW ZEALAND Prime Minister David Lange has announced a reshuffle of his Cabinet, retaining his free market-oriented Minister of Finance Roger Douglas but giving him two new deputies. Mr Lange told reporters the significance of the changes had gone beyond the reshuffle
      AFP  -  411 words
    • Article, Illustration
      Lock icon Iranian PM withdraws resignation
      372 6 AFP IRANIAN PRIME Minister Mir Hosein Musavi has withdrawn his resignation, which he submitted on Monday, the Iranian news agency IRNA reported from Teheran yesterday. Mr Musavi. who said he was resigning to avoid a vote of noconfidence by Iran's Parliament on eig'it of his ministers,
      AFP  -  372 words
    • Article
      Lock icon Japan may lift sanctions against North Korea
      174 6 AFP JAPAN is studying the removal of sanctions it imposed against North Korea over Pyongyang's alleged destruction of a South Korean plane last November. In reply to a question from an opposition party lawmaker at a parliament committee meeting on Tuesday. Chief Cabinet
      AFP  -  174 words
    • Article
      Lock icon US, Philippines to resume talks on military bases
      207 6 AFP THE US has expressed confidence that a deadlock in talks on the future of US military bases in the Philippines will be solved. Philippine Foreign Minister Raul Manglapus. who is scheduled to visit Washington later this month, will probably hold talks
      AFP  -  207 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      141 6 TAIPEI China Airlines operates 10 times a week to Taipei, the bustling crossroads of East Asia and the only city in the world where modern technology and ancient Chinese culture thrive side by side. For a truly exciting, comfortable experience in the best part of Taiwan, ask about a Dynasty
      141 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      73 6 Doonesbury I£TS BACK UP A FEW WEEKS. 1 mri Z2 WE NEW A CANDIDATE WHO WILL HELP US WITH WOMEN. AS LONG AS IT'S NOT DOLE. ORKEMP. THOSE GUYS REALLY MAK3 MB NERVOUS. BY GARRY TRUDEAU lUJOULDNT HOW ABOUT BE COMFORT SOMEONE- ABLE IHJITH SOME(WOS ACTUAL- ONE WHO'S LY STRONG
      73 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      46 6 Y/S'l w// Fine I Clear I Clear I Clear > Sunny Cloudy Showers Sunny Cloudy Rain Montreal Moscow Nassau New Delhi New York Nicosia Oslo Ports Perth Rio Janeiro Rome Son Fris'co Son Juan Santiago Sao Poulo Seoul Stockholm Sydney Toipei Tokyo Toronto Voncower Vienrvo Worsow Washington
      46 words
Page thumbnail Page 7
  • REST OF THE WORLD
    • Article
      Lock icon Verity arrives in Tokyo to help raise American sales
      391 7 AFP AMERICAN Commerce Secretary William Verity arrives In Tokyo today to kick off a bilateral programme promoting US imports into what has been called the "complicated and closed" Japanese market system. The US-Japanese governmental programme dubbed Market Japan" is designed to
      AFP  -  391 words
    • Article
      Lock icon US computer makers want chip accord with Japan revamped
      303 7 FT THE CONTROVERSIAL 1986 USJapanese semi-conductor trade agreement may be prematurely scrapped or drastically reshaped because of pressure from US electronics and computer manufacturers. The accord, the subject of continuing tension between the US, Japan and the European Community, has caused
      FT  -  303 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      797 7 ARRIVALS Operator Service Local From number time SIA S0105 1105 KUL RBA BI421 1130 BWN SIA SQ201 1145 CGK CAA CA395 1150 HAK PAL PR504 1150 KUL GtA GA940 1150 MES THA TG403 1155 BKK SIA SQI91 1155 PEN THA TG407 1205 BKK/HDY GIA GA900 1210 PKU
      797 words
    • Article, Illustration
      He paid £11,000 for a kick
      69 7 THE BOOTS may not fit but businessman Stephen Griggs has no intention of wearing them anyway. He bought these huge "Doc Marten" boots at an auction of pop star Elton John's spectacular pop memorabilia collection held at Sotheby's in London on Tuesday. He got
      69 words
    • Article
      Lock icon US-Soviet efforts underway to boost economic ties
      318 7 IHT THE JOINT statement issued in June at the end of the Moscow summit reconfirmed the "strong support" given by both the US and the Soviet Union for the expansion of mutually beneficial trade and economic relations. Greatly amplified efforts are now under
      IHT  -  318 words
    • Article
      Lock icon IMF raises growth forecast by one full point
      716 7 Little evidence of overheating, says report AP THE INDUSTRIALISED economies are booming this year, and governments should be ready to hit the brakes if inflation shows signs of heating up, the International Monetary Fund says. In its latest semi-annual World Economic Outlook,
      AP  -  716 words
    • Article
      Lock icon Soviet-Afghan cosmonaut team returns to earth: Radio Moscow
      185 7 UPI THE SOVIET-AFGHAN cosmonaut team returned to earth yesterday, Radio Moscow said, reporting that applause broke out at mission control. The broadcast did not report the cosmonauts' condition, but the radio said: "The longawaited moment is here." The Russian-language broadcast from the
      UPI  -  185 words
    • Article
      Lock icon Police seize Tutu's sermon tape which calls for election boycott
      269 7 AP SOUTH AFRICAN security policemen went to Archbishop Desmond Tutu's residence on Tuesday and took away a recording of a sermon in which Bishop Tutu defied a ban on calls for an election boycott. Bishop Tutu, following his defiant sermon
      AP  -  269 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      58 7 'I Y II Jf *I V 1 The business person's cho-ce. every I I ||C| I II Tuesd oy. Thursday. Saturday and I w\ J\ 111 Sunday. Leaving Changi Airport a* _L J 22 05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel
      58 words
    • Advertisement
      Page 7 Advertisements Column 2
      94 7 CHINESE GOURMETS INSIST OUR SHARK'S FIN SOUP IS THE BEST IN SINGAPORE. jgf- <: JwP t i r n r I if you re serious about Cantonese cuisme. share the delights of the Palace Our fastidious Hong Kong Chef Mak Kip Fu proudly presides over a gourmet s paradise Lunch
      94 words
Page thumbnail Page 8
  • MONEY AND EXCHANGES
    • Article
      Simex
      493 8 DECEMBER Eurodollar futures yesterday opened two ticks higher at 91 18 on Simex than the previous close in line with Chicago s level. After dipping to 91.17, the December contract edged higher to a high of 91 25. The December contract finally managed to settle eight ticks higher at
      493 words
    • Article
      IMM
      199 8 IMM currency futures closed on Tuesday with large gains and near daily highs after a moderately active session. Cross rate spreading boosted high-yield currencies, particularly sterling, and limited the advance in continental currencies and the Japanese yen. Technical buying also added to gains after Sep- tember yen futures broke
      199 words
    • Article
      Asian dollar market
      188 8 ASIAN DOLLAR deposit rates closed quietly steady yesterday. us$ 7 doys 1 month 2 months 3 months 6 months 9 months 1 2 months OFFER 8ID 8 3/16 8 1/16 8 5/16 8 3/16 8 3/8 8 1/4 8 7/16 8 5/16 8 11/16 8 9/16 8
      188 words
    • Article
      Comex gold/silver futures
      210 8 Gold futures on Sep, 6 1988 100 troy ounces. USS per troy ounce Open High Low s«m« s«p 426.70 260 Oct 431 30 ***** 429 00 429 20 260 Nov ***** 2 60 Dec 436 60 437 90 434 50 434.80 2 60 F«b 443 20 443.20
      210 words
    • Article
      Lock icon Untitled
      1636 8 OCBC Reuter SINGAPORE: The US dollar yesterday closed mixed against most major currencies Against the Singapore dollar, the US dollar closed slightly firmer at 2.0370/80 in quiet trading. It traded within a range of 2.0365 and 2.0375. It opened initially at 2.0365/75. Some Japanese and European corporations sold dollars actively
      OCBC; Reuter  -  1,636 words
    • Article
      Money markets
      54 8 THE OVERNIGHT rate on the Singapore money market rose 3/4 points yesterday. Term rates fell by 1/16 point. f S$ Interbank rates at the close yesterday: OFFER BIO o»«»n.ght 4 3/4 4 1/2 1-moniti 4 15/16 4 13/16 2-month 5 4 7/8 3-montti S 1/16 4 13/16 i
      54 words
    • Article
      Goverment securities market
      102 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****V 8.12.88 4.53 4.48 4.59 4.47 6 months BY*****T 24.11.88 4.53 4.48 1 year BY*****S 20.07.89 4.63 4.58 4.65 4.59 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      102 words
    • Article, Illustration
      Untitled
      198 8 Indicates the average of the prime lending rates of 12 major banks in S pore Interbank market rates (offer/bid) on Sep 7 uss DM SWFC Yen 7 doy* s i /a s 10 13/16 11/16 4 3/4 5/8 3 2 7/8 4 1/4 1/8 1 mrf> s i/4 i/e II
      198 words
    • Article
      Untitled
      1603 8 CURRENCY FUTURES OPTIONS Wednesday, Sep 7, 1988 DEUTSCHEMARK (SIMEX) Sap M calls Sap M puts Low Son High Low ton 50 CAB 52 1 S3 1306 135 2 54 43 43 43 12 12 12 55 69A 65 56 166A 160 57 58 CAB 59 CAB 63 2 CAB 870a
      1,603 words
  • Page 8 Advertisements
Page thumbnail Page 9
  • BANKING AND FINANCE
    • Article
      Lock icon London insurers face lean times after recent major disasters
      681 9 Reuter LONDON INSURERS are facing tough times after a string of major catastrophes around the world has brought them claims running into billions of dollars. Lloyds of London and other UK insurance companies are already paying claims on the biggest ever
      Reuter  -  681 words
    • Article
      Lock icon NZ foreign debt falls to NZ$30b
      262 9 Reuter NEW ZEALAND'S total foreign debt fell to NZ530.05 billion in the quarter ended June 30 from MZ533.28 billion (revised from NZ532.84 billion) in the March quarter, and against NZ533.99 billion in the June 1987 quarter, the Statistics Department said. The department said in
      Reuter  -  262 words
    • Article
      Lock icon Thumbs up for Tokyo's bond move
      147 9 Reuter GERALD CORRIGAN, president of the Federal Reserve Bank of New York, said he welcomed latest moves by Japan to liberalise its government bond market. "I regard the far-reaching steps announced today in Tokyo as a very constructive development. When viewed against the backdrop
      Reuter  -  147 words
    • Article
      Lock icon KL insurers hail plan to improve industry
      261 9 Bernama THE ACTION plan to rehabilitate the Malaysian insurance industry unveiled by Bank Negara governor Tan Sri Jaafar Hussein recently has received encouraging response from the industry. They described the measures to be taken to upgrade and improve the industry as timely and
      Bernama  -  261 words
    • Article
      Lock icon IMF-World Bank talks in Bangkok
      52 9 AFP THE INTERNATIONAL Monetary Fund and World Bank will hold their annual meeting in 1991 in Bangkok. The two bodies' annual meetings are staged outside the Washington headquarters once every three years. This year's meeting was held in West Berlin, and in 1985, it was
      AFP  -  52 words
    • Article
      Lock icon Foreign firms given bigger role in underwriting Japanese bonds
      435 9 NYT THE JAPANESE finance ministry on Tuesday announced major changes in Japan s government bond market that greatly increase the role of American and other foreign companies in underwriting new issues. Starting next April, Japan will open 40 per cent of
      NYT  -  435 words
    • Article
      Lock icon Worried German savers bank their marks overseas
      724 9 NYT WORRIED ABOUT having interest on their savings taxed at the source. West Germans have joined foreign investors in a significant exodus out of mark deposits Their concern has been prompted by the Bonn government's plan to impose a 10 per cent withholding
      NYT  -  724 words
    • Article, Illustration
      Lock icon May bank loans at 10-month high of $38.4 billion
      461 9  -  By DEXTER LEE TOTAL BANK LOANS in Singapore reached $38 4 billion in May this year, notching a 10month high, reflecting further recovery of bank credit from the downturn after last October's stock market crash. Total outstanding loans rose by $378
      Source: MAS  -  461 words
    • Article
      Lock icon Fed limits activities of non-bank banks
      203 9 Reuter THE FEDERAL Reserve Board has approved rules limiting the activities that may be pursued by non-bank banks as required by bank legislation. The rules set limits on activities that can be undertaken by non-bank banks after March 5, 1967, and control the growth
      Reuter  -  203 words
    • Article
      Lock icon Sterling seen to fall against DM
      116 9 Reuter GOLDMAN SACHS sees some downside potential for sterling against the mark in the coming year, but thinks a collapse is unlikely. In a review of the British economy, the US securities house forecasts that sterling will edge gradually down against the mark, to
      Reuter  -  116 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      280 9 MEET WITH SUCCESS AT LE MERIDIEN SINGAPOUR CHANGI (&XM For your conference or meeting away from the hectic pace and interruptions of the city, look no further and meet at lx» Meridien in Changi. ith a choice of elegantly-designed function rooms, each equipped with modern facilities, leave all your details
      280 words
Page thumbnail Page 10
  • PERSPECTIVE
    • Article
      Lock icon Shows that need top-flight safety
      519 10 BUSINESS TIMES THURSDAY, SEPTEMBER 8, 1988 CRASH AND BURN, fighter pilots call it. Dying in the flaming wreckage of a warplane, for military aviators, is the gory signature to a life lived on the extreme edge Life in a fast plane. In the parlance peculiar
      BUSINESS TIMES THURSDAY, SEPTEMBER 8, 1988  -  519 words
    • Article, Illustration
      Poll results herald new era
      1567 10  -  (dcbm^sM By SEAH CHIANG NEE FOR THE RULING People's Action Party, an initial reaction to the outcome of the general election had been one of relief and satisfaction. But some of this optimism must dissipate on a more careful look at the results and the
      1,567 words
    • Article, Illustration
      Lock icon The American dream may be turning into a nightmare
      684 11  -  Two new surveys of the American economy have burst the bubble of optimism that surrounds the perceived resurgence in the country. TAMARA HENRY considers their findings. TAMARA HENRY UPI ONE GRIM general conclusion was shared by two studies of the US
      UPI  -  684 words
    • Article
      Lock icon Boobytraps to business in Taiwan
      477 11 Bernama THE TYPICAL TAIWANESE BUSINESSMAN today is in his 30s or early 40s. with a business or engineering degree and packs a computer rather than an abacus. He is articulate in Mandarin and in at least one foreign language either English or Japanese. He plays
      Bernama  -  477 words
    • Article, Illustration
      Lock icon Battle on British news-stands
      693 11 The Economist DON T LAUGH, but this may be the golden age of the British press. Difficult to believe, when the latest national title, the Sport. launched in mid-August, does little but repeat the soft-core porn of its Sunday sister. Yet further up the market, the
      The Economist  -  693 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      157 10 Who smooths the road to results with expert after-service? The remarketer who works with you. The road ahead can get rough indeed if the system you ordered doesn't work the way it should. That's why it pays to form a partnership with a professional who continues to support you long
      157 words
  • Page 10 Miscellaneous
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      231 11 The following IBM Business Partners can help you on the road to results: Asian Computer Services Pie Ltd 154 Clemenceau Avenue #02-0() Haw Far Centre Singajx>re 0923 Tel: 336 0111 Product range: S/36. S/38. 9370, AS/4<X) BIS Banking Systems Pte Ltd 10 Collyer yuav #11-02 Ocean Building Singafx>re 0104 Tel:
      231 words
    • Advertisement
      Page 11 Advertisements Column 2
      175 11 rr.. vy* smti. a m-2 MANDARIN ORIENTAL JAKARTA Mandarin Oriental Jakarta is well placed to he the ideal hotel for husv executives. It is the only grand luxe hotel situated right in the middle of the business and diplomatic district And our 2-4-hour business centre ensures that you re given
      175 words
Page thumbnail Page 12
  • COMMODITIES
    • Article
      Lock icon Oil prices fall to lowest level in 22 months
      427 12 Reuter OIL PRICES tumbled more than SO cents a barrel to their lowest level in 22 months on Tuesday, reflecting high Opec production and lack of progress in the ceasefire talks between Iran and Iraq. Some analysts said prices could drop
      Reuter  -  427 words
    • Article
      Lock icon Investors warned against bogus gold investments
      145 12 NYT STATE securities regulators in the US have warned that investors could lose an estimated US$25O million this year to telephone sales pitches for investments in bogus gold mines. The market collapse last October had led indirectly to an increase in the these schemes
      NYT  -  145 words
    • Article
      Lock icon Falling prices depress UK tea auction volumes
      360 12 Reuter PRODUCERS, short of cash because of low prices, are selling more of their tea direct to blenders and bypassing the London auction. Slightly more than 500,000 landed packages (each of 51.256 kg) have been sold at the auction so far this year,
      Reuter  -  360 words
    • Article
      Lock icon KL minister unveils ways to boost padi output
      401 12 Bernama MALAYSIAN Agriculture Minister Datuk Seri Sanusi Junid on Tuesday unveiled strategies to boost padi output and cut rice import. One strategy calls for a change of attitude among farmers to plant padi on an integrated basis as this can boost national
      Bernama  -  401 words
    • Article
      Precious Metals
      330 12 HONGKONG: Gold closed slightly higher yesterday with buying mainly coming from local and Taiwan investors, dealers said. Trading was slow and featureless in the absence of fresh factors. Bullion ended at U*****.40/90 an ounce against an initial U*****.00/40 and compared with New York's close of U*****.50/427 00. On
      330 words
    • Article
      Soybean
      114 12 SOYBEAN FUTURES rallied late on the Chicago Board of Trade on Tuesday and prices closed 8-1/2 to 20-1/2 cents a bushel higher. Spot September settled 15 cents higher at US$B.BB a bushel and November finished up 14-1/2 cents at US$9 00-1/2 Local, commission house and professional buying after November
      114 words
    • Article
      Palm Oil
      480 12 MALAYSIAN CRUDE PALM OIL FUTURES yesterday moved uncertainly m a narrow range, closing on a mixed note amid some covering and buyers reserve. Dealers said trading was cautious ahead of the Malaysian Oil Palm Growers Council's estimate of Aug palm oil output expected to be released today. SfP
      480 words
    • Article
      Lock icon Selling palm oil to Tanzania
      90 12 Bernama THE Palm Oil Research Institute of Malaysia (Porim) will continue to promote the use of palm oil and related products in Tanzania through constant contacts with the oils and fats sector there, says its director-gen-eral Datuk Augustine Ong. Malaysian officials visited Tanzania in 1986
      Bernama  -  90 words
    • Article
      London markets
      292 12 i London Commodity Exchange Buyer/Seller closing prices on Sop 6 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Sep 1042/1043 (1020/1025) High/Low 1042/1025 Nov 1042/1043 (1034/1035) High/Low 1048/1030 Sales *****) Cocoa Sep 871/872 (870/875) High/Low 872/869 Dec 820/821 (821/822) High/Low
      292 words
    • Article
      Wheat
      123 12 SOFT RED winter wheat closed with gains of 10 to six cents a bushel on the Chicago Board of Trade on Tuesday on good mixed demand following talk the USDA may soon offer the USSR at least two million tonnes of subsidised wheat The March contract posted a hfe-of-contract
      123 words
    • Article
      Oil and Products
      91 12 Substantial losses on crude affected all Far East product prices. The sharp drops in prices made players nervous and reluctant to trade. Closing prices for crude (FOB origin) USS/borrel Otange Top* (Sep) 14.55 0.20 Minat (Sep) 14.45 0.10 Dubai (Oct) 11.77 -0.53 West Texos Intermediate, WTI (Oct)*
      91 words
    • Article
      KL Tin
      187 12 THE strengthening of rtnggit against the US dollar yastarday weakened the Kuala Lumpur Tin Market price by 18 cents to M 519.87 a kg. "Trading was vary thin with participants cautious on the current developments. After Tuesday's setback, miners are not keen on disposing any metal at the
      187 words
    • Article
      Rubber
      197 12 SINGAPORE: October RSS 1 buyer was quoted at 237.50 cents a kg yesterday. On the TSR-20 market, prices finished higher. October buyer was quoted at 218.50 cents a kg. No Inro activity was detected in Singapore. MALAYSIA: The rubber market yesterday found little support generally. Oct SMR 20 buyer
      197 words
    • Article
      RAS and MRELB
      274 12 R AS prices tn S c*nt*/kg, FOB in bat. M NOON CLOSE Buyers Sellers ftuy*rt S*W*r$ Int 1 RSS Prompt 236.00 237.00N 237.00 238.00N Int 1 RSS Oct 88 236.50 237.50N 237.50 238.50N Int 1 RSS Nov 240.00 241.00N 241.50 242.50N Int 2 RSS OP 233.00 235.00N
      274 words
    • Article
      SSR and SMR
      81 12 (cants/kg) OCTOBER 1988 NOVEMBER 1988 {current month) (forword month) D A C NOON NOON rlAb Sellers ftuyvrt Seller* SSR 20 215.00 217.00N 215.00 217.00N SSR 50 213.00 215.00N 213.00 215.00N MRELB Buyvri S»n«'» fc/yen Seflen SMR cv 356 00 358.00N 358.00 360.00N &MR I 348.00 350.00N 350.00
      81 words
    • Article
      Produce Prices
      244 12 Chinese Produce Exchange Sellers' noon closing prices on Sep 7 (SS/100 kg) Coconut oil Kulk FOB 116.00 Old drum FOB 126.00 New drum FOB 130.00 Copra Mixed (loose) 67 sellers Pepper Mufrtofc white FOB NIW 770.00 Sarawak white FOB faq NIW 760.00 Sarawak special block FOB NIW 405
      244 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      85 12 And nothing could be quite so dandy! With exotic catfish and corn-fed beef sizzling alongside chicken, prawns and vegetables on the griddle. M The 10-course Special Set SENBA7URIJ Teppanyaki is indeed a steal: iap<\msj kistaurant at just $30* for lunch or dinner. b> Only during September at the Senbazuru. 'Prut'subjfi
      85 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      110 13 t -4 -t 4- 26 17 c €> 12 -h /S\ v II e ~r~ CVJJ THE WHEELS OF FORTUNE can turn for those with the wisdom to weigh risk against potential return. Open a Fixed Deposit with Chase and we will lend you up to five times the amount,
      110 words
Page thumbnail Page 14
  • LEISURE
    • Article, Illustration
      Lock icon Laughing all the way to the bank
      479 14 MOVIES Reuter A RABBIT suspected of murder and an African prince looking for love have helped to break boxoffice records for Hollywood this summer. Three films Who Framed Roger Rabbit?, Coming to America and Crocodile Dundee II have already grossed more than US$lOO
      Reuter  -  479 words
    • Article, Illustration
      Lock icon The only living ex-god
      549 15 BOOKS The Economist Title: Sons of heaven Author: Jerrold Packard Publisher: Queen Anne Press; Scribner IN A PLAIN white brick building, on the most valuable piece of land in the world, lives an 87-year-old expert on marine biology who has been described as the world's only
      The Economist  -  549 words
    • Article, Illustration
      An obsession
      646 15  -  FOOD By SANGEETA MULCHAND THE LAST TIME French chef Jacques Maniere tried to keep away from the kitchen, he suffered withdrawal symptoms. Everything he did reminded him of cooking, even oil painting. "Oil painting is like cooking. The oil paint is like salt. You've got to put it
      646 words
    • Article
      Off to Selangor for battle of wits and stamina
      202 15 BRIDGE FOR THE 24th year, the Selangor branch of the Malaysian Contract Bridge Association will play host to the biggest bridge event of the year from Sep 9 to 11 at the Hotel Equatorial in Kuala Lumpur. Out of more than
      202 words
    • Article, Illustration
      After 23 years of loyalty, what can you expect?
      291 15 THEATRE Last of the Red Hot Lovers by Neil Simon British Airways Playhouse Hilton Hotel Sep 12 to 21. ONE DREADS to think what Neil Simon would do to the script of Fatal Attraction if he desired to make it comedy
      291 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      289 14 Where to entertain... Where to entertain... Where to entertain... Where to THE GOLDEN PHOENIX NEST A gastronomic delight and a work of art Slices of tender, succulent, stir-fried chicken, beef or venison are artfully presented in intricately weaved taro baskets Available only in September at the Meisan Szechuan Restaurant on
      289 words
    • Advertisement
      Page 14 Advertisements Column 2
      150 14 food's not just pizza or Experience the rich and tantalizing taste of the genuine Italian stuff. At Dondang Sayang, Sept. 8-18, buffet fiesta. Select from: Prosciutto Di Parma Con Melone Vitello Tonnato Passatelli Spaghetti Alia Carbonara Lasagna Verdi AJ Forno Anatra Alia Romagnola Formaggi Assortiti Lunch (Noon 2.30 pm). Dinner
      150 words
    • Advertisement
      Page 14 Advertisements Column 3
      245 14 FASHIONABLY HYATT Join the fashion-conscious every Thursday (3.(X)- 6.00 pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus.show at $10.90 per person. r m
      245 words
    • Advertisement
      Page 14 Advertisements Column 4
      203 14 I lappy Flours are now DouUy Good: Order one drinlc by I ridav. Enjoy! After Bpm 10% every bottle J purchased. L lull 5. Vhere yon 11 have happy I -e hour? on lk- J.u.Ue, Plaza Hotel SING*»U«t »»»*»coloo«foi v> tine s»» *ami 0719 T* «800 l I club^ 1
      203 words
    • Advertisement
      Page 14 Advertisements Column 5
      335 14 The Mandarin eoes Filipino! I goes Filipino! From September 7-11, 7 There'll be fashion jT" T>b;/;**JLi*& yk cultural dancers from rHll/f?pltteS u the Manila Metropolitan CIC'C I '/V Dance Theatre, top f" I#% models with clothes |0| A |Vir\C from renowned fashion |.jl Jj designer Vincent Wilwayco, Exhibitions of Philippines
      335 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      209 15 entertain..,. Luscious Lobsters at Unkai. September 1 30 At the Unkai this month: fresh lobsters prepared in over a dozen delicious ways Savour the creations of Chef Yamaguchi. such as Lobster Sashimi. Grilled Lobster with Salt and Steamed Lobster with Sake, or select from our a la carte menu And
      209 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      657 15 CRYPTIC PUZZLE ACROSS 1 Chatter like a novice 7 (6) 7 Throw tea around and it may be scalding' (3, 5) 8 Might such a player be neck high to a pony (4) 10 One writing a cheque for a reward? (6) 11 Wet routes (6) 14 Catty tantrum? (3)
      657 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1267 15 to ac© oaoQ® t. Faster than sound FEATURE SPECIAL The Four-Minute Mile (Pt 1) 10.30pm, Channel 5 A two-part special on the life MK of athlete Roger Bannister J* (Richard Huw). who conquered the four-minute mile Part one sees him nT Wflj^U joining the college's athletics club and becoming its
      1,267 words
Page thumbnail Page 16
  • SPORTS
    • Article, Illustration
      Pressure's on Agassi
      1042 16  -  By BARRY WOOD ANDRE AGASSI and Michael Chang produced an exhibition of exhilarating tennis to determine who would challenge Jimmy Connors for a place in the semifinals of the US Open, and it was Agassi who come through with a 7-5 6-3 6-2 victory on Tuesday. They
      1,042 words
    • Article, Illustration
      Bee Khim in three-way tie with Filipinas
      476 16  -  By CHARLES SAVAGE KEE BEE KHIM tightened up her game by a stroke yesterday to tie with Filipina front-runners Yvette Deleon and Sylvia Torres midway through the Les Must de Cartier Singapore Ladies Open golf championship at the Tanah Merah Country Club. Firing
      476 words
    • Article
      Lock icon America's Cup race sails off
      497 16 AP THE NEW ZEALAND challenger yacht and the US defending catamaran began racing yesterday for the America's Cup in a best-of-three regatta that shapes up as the calm between two storms of litigation Winds of 10 to 18 knots were predicted over the 64 3-km
      AP  -  497 words
    • Article
      Lock icon Was it or was it not suicide?
      201 16 Reuter A NEWSPAPER yesterday reported that Mike Tyson's car crash last Sunday was a suicide attempt but the heavyweight champion s manager rejected the article as ridiculous The front-page story in the New York Daily News said Tyson told his wife Robin Givens
      Reuter  -  201 words
    • Article
      Lock icon Mono-hull designer calls for design development
      189 16 UPI BRUCE FARR, the designer of the New Zealand challenger, has told his colleagues they should spend less time trying to circumvent America s Cup regulations. "I believe we should be looking for a rule that encourages true design development rather than creating even
      UPI  -  189 words
    • Article
      Tis nothingness in the end
      510 16  -  Jranklif speaking.... by Walton Morais IN DISMISSING a newspaper report about Mike Tyson's attempted suicide, manager Bill Cayton invoked Shakespeare. "All that I can say is that it is as far-fetched a tale as I have heard. Full of sound and fury, a tale told
      510 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      363 16 THE COLUMNISTS Patricia M Scherschel Executive Editor. Finance is second nature to her. From the home of the US News and World Report to the shores of Singapore, she can probably guess your weight in gold. Lee Han Shih Journalist. A man of property. Little can happen to alter our
      363 words
Page thumbnail Page 17
  • COMPANIES & STOCK MARKETS
    • TAKING STOCK...
      • Article, Illustration
        Lock icon A promising deal in the making
        215 17 By HOCK LOCK SIEW THERE IS press speculation in Kuala Lumpur that a major stake in listed insurance company Malaysia British Assurance Bhd (MBA) is about to change hands. MBA is the insurance arm of listed General Corporation Bhd, a diversified construction group controlled
        By HOCK LOCK SIEW  -  215 words
      • Article
        New twist to Paul Y bid
        281 17 THERE IS a new twist to the takeover battle between the Lau brothers and Hysan Development for Hongkong contraction firm Paul Y. Hysan now says it will share its prey with another Hongkong businessman who is also a director of the company. This will
        281 words
    • Article, Illustration
      Stockbroker was the middleman, court told
      542 17  -  Trading Trial By ELAINE KOH STOCKBROKER FELIX LIM from Tsang and Ong was the one who brought Allan Ng and the Standard Chartered bankers together to discuss the possible acquisition of Sealion Hotels' shares in March 1986. This was told to the district court
      542 words
    • LATEST RESULTS
      • Article
        BAT Industries reports £452m interim profit
        237 17 BAT INDUSTRIES PLC, which recently won a protracted US$5.2 billion bid for US insurer Farmers Group Inc, has reported group after tax of £452 million (£412 million previously) on turnover of £8.47 billion (£7.99 billion) for the six months ended June 30, 1988 Earnings
        237 words
      • Article
        Asiatic makes M$6.99m interim profit
        82 17 ASIATIC DEVELOPMENT BHD: This plantation arm of the Genting group reported group after tax profit of M 56.99 million ($4 09 million) on turnover of $37.94 million ($28.13 million) for the six months ended June 30, 1988. Earnings per share came to 1.07 cents (0.7
        82 words
      • Article
        Landmarks reduce half-time losses
        104 17 LANDMARKS HOLDINGS BHD: Group net loss of M 52.82 million ($3 38 million previously) on turnover of $17.37 million ($18.79 million) for the six months ended June 30, 1988, resulting in loss per share of 1 22 cents (loss of 1 46 cents). The reduced loss
        104 words
    • Article
      Tiger Balm issue 3.5 times subscribed
      588 17  -  By CORRINA LIM THE PUBLIC OFFER of Tiger Balm Ltd closed quietly yesterday, with the issue subscribed a surprisingly low 3.5 times Not only did it fail to excite large investors and stags, the Issue was also shunned by some staff and business associates
      588 words
    • Article
      STMB buying into Cold Storage (M)
      453 17  -  By MAGDALENE NG SISTEM TELEVISYEN Malaysia Bhd (STMB), operator of the popular TV3 channel, is diversifying into the food retailing business. STMB, which is part of the New Straits Times group, said yesterday it has agreed to acquire a 22 per cent stake in
      453 words
    • Article, Illustration
      Lim Kim San takes over as SPH chairman
      213 17 LIM KIM SAN, a former minister and the current chairman of the Port of Singapore Authority, has been appointed Singapore Press Holdings Ltd's new executive chairman from this month. He earlier joined the board of directors on July 16. Owing to other
      213 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        APPROVED ISSUES
        67 18 Company RIGHTS ISSUE F N Two for-five S3 00 pe' shore Ex-dote: Sep 5 Books close Sep IS Raleigh Seven for two t< 00 per shore Ex-dote: Aug 31 Books close: Sep 14 Company OTHERS Innovest Bhd testricted issue of 7m new ordinary shares of $1 each in
        67 words
      • Article
        PROPOSED ISSUES
        289 18 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio of $3 loan stock lor every five ordinary shares held Duto Cons One fo' one $1 10 per share PACB One-for-one $060 per share General Corp Issue of $49,204,936 nominal amount of 8% Convertible Unsecured
        289 words
      • Article
        COMPANY MEETINGS
        158 18 SINQATRONICS Limited: EGM at Board Room, #0601/06. 512 Chai Chee Lane.Bedok Industrial Estate, Singapore 1646 today, at 11am. OAF Limited AGM at Hyatt Regency, Singapore, Sir Stamford Room, 10/12 Scotts Road, Singapore 0922 on Friday, Sep 9, at 11am. MBf FINANCE Berttad: 17th AGM at The Penthouse, 23rd
        158 words
      • Article
        Unit trusts
        304 18 Manogers' prices for Sep 8 Singapore Unit Trust TKe Commerce T *e ngx Fund S pore Prog Fund Spore Sec Fund S pore Invest Fund S pore Equity Fund o o o o o o 104 092 045 0 TV 0 74 053 Asia Unit Trust Mo' Invest
        304 words
      • Article, Illustration
        Trading dull as market gropes for direction
        676 18  -  t»y Galen Chay TRADING continued to be lacklustre on the Singapore stock market yesterday, with institutional investors sidelined for direction from major overseas markets. The local market was firm in the first hour of trading, following the overnight 10-point gain on Wall Street
        676 words
    • Article
      SES SHARE INFORMATION
      5293 18 1M8 T.I High Low Code Company Last Sale crGr's Dlv Dlv C'vr Gr's Y'ld Net P/E Vol Day 000) High Low Lad Quote Buyer Seller SECTION ONE MDUSTRIAL A COMMERCIAL i 141 85 218 167 135 460 186 350 129 167 177 297 59% 354 555 565
      5,293 words
    • SES/KLSE
      • Article, Illustration
        KL prices end easier as losses litter big board
        2818 19 THE KUALA LUMPUR stock market had another easier session yesterday with losses littering the big board. Continuing the lack of trading interest, business volume shrank further, dipping to some 11 million shares done. Brokers said operators were generally indifferent to the
        2,818 words
      • Article
        Lock icon Innovation needed to tackle corporate restructuring: expert
        263 19 MBT CORPORATE restructuring in Malaysia is expected to gather steam as the country's economy recovers. Mergers and acquisitions are expected to form the bulk of such exercises as corporations seek to maximise shareholders' wealth and expedite growth. The general manager of advisory services
        MBT  -  263 words
      • Article
        DIVIDENDS ANNOUNCED
        769 19 11 Ei data Book* doM i! Total lor ttta year Total lor Ale* Hldgs 6% lb) Aug 30 Sep 9 Sep 26 4% 6% B Roya !%<n Sep IS Sep 29 Oct 25 l*% Rata 8% III Sep 9 Sep 23 Oct 12 8% 22% Barjuntoi 3% Aug
        769 words
      • Article
        BONDS, LOANS & WARRANTS
        449 19 BONDS, LOANS WARRANTS Company Expiry maturity date Coupon <%> Oman Hop Wm 1991 City Dev Bonds 1994 5% City Dev Wm 1992 Dunlop Est CULS 1988 8% G Cotp CULS 1989 10 H Prop Bonds H Prop Wrts 1993 1993 4 H Toi-Pon Wm 1992 JC-MPH Loon JC-MPH Wrts A
        449 words
    • REGIONAL MARKETS
      • Article
        Lock icon Japanese car makers in the US seeking markets abroad
        580 20 Reuter WHEN Japanese car makers began building and buying plants in the United States, the assumption was that the cars would be sold there But it is becoming apparent that Japanese car makers who will produce an estimated 800,000 cars a
        Reuter  -  580 words
      • Article
        Lock icon JVC plans to make VTRs in Malaysia
        202 20 AFP VICTOR Co of Japan (JVC) said yesterday that it would start producing videotape recorders in Malaysia next year, making it the first Japanese firm to manufacture the product in South-east Asia. A Malaysian subsidiary set up last month, JVC Video Manufacturing Malaysia,
        AFP  -  202 words
      • Article
        Lock icon Crash costs HK investment firm HK$35m
        241 20 AFP A HONGKONG investment firm set up by mainland Chinese interests has disclosed that it lost about HK$35 million (US$4.5 million) in the October stock market crash last year. Zhang Jianhua, chairman of Hongkong Macau International Investment Co Ltd, said earlier that the company
        AFP  -  241 words
      • Article
        Lock icon Swire Prop in HK$255m sale
        65 20 Reuter SWIRE PROPERTIES Ltd. the property arm of Swire Pacific Ltd, has sold 76 luxury residential units and 527 car parking spaces at Yau Yat Chuen. Kowloon, for HK$255 million, the selling agent said. First Pacific Davies said in a statement that the property was
        Reuter  -  65 words
      • Article
        Lock icon Foreigners limited to 49pc of HK TV network
        139 20 Reuter THE HONGKONG government has set a limit of 49 per cent for foreign ownership in the planned cable television network and operating licences which will be put up for local and international tender on Sep 19. An official statement quoted the
        Reuter  -  139 words
      • Article
        Lock icon Taiwan buying McDonnell Douglas planes
        365 20 AFP TAIWAN has signed an agreement to buy four MD-11 aircraft from McDonnell Douglas Corp of the United States for US$l 21 billion in exchange for transfers of technology to Taiwan manufacturers. The agreement, signed yesterday, follows a similar purchase of six Boeing-747 aircraft for
        AFP  -  365 words
      • Article, Illustration
        Lock icon Stocks advance
        605 20 Tokyo Reuter SHARE PRICES climbed all day yesterday to end on their highs on optimism due to gains on Wall Street overnight and a stronger yen. brokers said. "People are more comfortable with foreign exchange rates and the US economy." said Craig Chudler, a strategist at Smith New
        Reuter  -  605 words
      • Article, Illustration
        Lock icon Prices retreat
        577 20 Australia Reuter THE SHARE market retreated to close lower in featureless trading yesterday as leading stocks fell. Brokers said the local market took no lead from Japan, where the Nikkei Index closed 183 higher. One broker said there had been selling pressure among resource stocks from overseas investors
        Reuter  -  577 words
      • Article, Illustration
        Stocks fuelled by US, Tokyo rises
        1471 20 Hongkong SHARE prices finished higher yesterday inspired by rises in Wall Street and Toyko, brokers said. The Hang Seng index finished 23.14 points higher at 2,525.14. and the broader-based Hong Kong Index was up 8.63 at 1.664.09 Turnover totalled HKS637 99 million against HK$4l4
        1,471 words
      • Article
        Lock icon Seoul: Trading dull
        258 20 Reuter SHARE PRICES fell in dull trading yesterday after selling pressure was exerted on construction, financial and trade-related stocks, brokers said. The composite index fell 3 49 points to close at 667.74 on turnover of 94.5 billion won against Tuesday's 87.5 billion. "I expect the market will
        Reuter  -  258 words
      • Article
        Lock icon Bangkok: Shares higher
        169 20 Reuter THE SECURITIES Exchange of Thailand Index added 1.25 points to 444 76 on a turnover of 5.431,386 shares worth 540.24 million baht. SEP 07 BAHT 1Ao Kham Thai 454 unch Ayudhya investment 426 -52 Bangkok Agro-lnd 106 unch Bangkok Bank 306 -a Bank <y Ayudhya 350
        Reuter  -  169 words
      • Article
        Lock icon Manila: Slow trading
        96 20 Reuter SHARE prices closed lower in slow trading yesterday as most investors lacked interest in the market amid reports of graft and corruption in government. brokers said "It looks like a continuation of last week's lull. Interest has not returned because of a string of negative news
        Reuter  -  96 words
      • Article
        Lock icon Taipei: Shares end off lows
        386 20 Reuter STRONG buyer interest in virtually all stocks except banking issues braked the Taiwan stock index's slide, dealers said. The weighted index fell 28.39 points, or 0.3 per cent, to end at 7.990.5 against Tuesday's 8,018.89 close, but above a low of 7,964 73 posted
        Reuter  -  386 words
      • Article
        Lock icon New Zealand: Still in a rut
        128 20 Reuter A LACKLUSTRE share market closed little changed on low turnover i and it is expected to remain in a rut. "It would have to have been one of the quietest, if not the quietest, days on record," Philip Solarz of Hendry Hay Mcintosh
        Reuter  -  128 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Shares quietly higher
        873 21 New York Reuter SHARE prices continued their upward trend in New York on Tuesday with the Dow Jones Industrial Average advancing 10.67 points to 2,065.26. Trading, however, was somewhat hesitant as participants re-orientated themselves after a three-day weekend break for Labour Day. Investors also seemed to be
        Reuter  -  873 words
      • Article, Illustration
        Lock icon Equities open mixed
        1009 21 London Reuter SHARES opened without any clear direction in extremely slack trading on the London Stock Exchange yesterday. A batch of strong half-year trading results from major companies did little to stir investor enthusiasm, dealers said. By the 0800 GMT official opening, just over half the issues
        Reuter  -  1,009 words
      • Article
        Selected indices
        130 21 HONGKONG Hongkong Index Wednesday 1 .664 09 T uesday 1 655 46 Week ago 1.***** Hang Seng Index Wednesday 2.***** Tuesday 2.502 09 Week ago 2.443 80 All Industrials Wednesday 2.556 8 Tuesday 2.5625 Week ogo 2 548 1 NEW YORK Dow Jones Tuesday 2.***** Monday Closed Week
        130 words
      • Article
        Lock icon McDonald's to expand overseas
        73 21 Reuter McOONALD'S Corp plans an aggressive expansion of its foreign restaurants, including the opening of a restaurant in Moscow in 1989. chief financial officer Jack Greenberg said Mr Greenberg said 40 per cent of the 500 new stores it expects to open over the next year
        Reuter  -  73 words
      • Article, Illustration
        Lock icon Polaroid takeover hangs on Kodak
        639 21 NYT THE SMART money on Wall Street is beginning to feel that the outcome of Roy E Disney's slowly simmering takeover battle for the Polaroid Corp depends more on the Eastman Kodak Co than on Mr Disney. A key reason is that Polaroid's patent-infringement trial
        NYT  -  639 words
      • Article, Illustration
        Lock icon Peace pact takes SGB out of Belgian control
        682 21 AFP RIVAL BIDDERS for the giant conglomerate Societe Generate de Belgique (SGB) have enacted a peace accord that took the company out of Belgian control for the first time in its 166-year history. The decisions, ratified by an extraordinary meeting of shareholders.
        AFP  -  682 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        2151 21 Reuter AMSTERDAM: Dutch shares closed a mild day mixed after an initial higher opening based on optimism due to sustained Wall Street rises on Tuesday and the success of a new Dutch state loan, brokers said. An initial lower dollar dampened sentiment but Wall Street's higher ooening
        Reuter  -  2,151 words
    • Article
      PAP election candidates asked to assess their results
      274 22 BARELY A WEEK after the general election, leaders of the People s Action Party have asked the candidates who contested the weekend poll to give an assessment of their results At a meeting on Tuesday, the candidates were asked by the party
      274 words
    • Article
      Lock icon Manglapus due in Hanoi next month for talks
      155 22 Reuter, UPI PHILIPPINE Foreign Secretary Raul Manglapus will visit Vietnam next month to discuss foreign military bases in the region and to help defuse tension over the Spratly Islands, sources said in Manila yesterday. The trip would be the first by a
      Reuter,; UPI  -  155 words
    • Article, Illustration
      US embassy to seek tenders for properties
      448 22  -  By TONG SUIT CHEE THE US EMBASSY will be relocated from its present Hill Street premises to a new complex that will incorporate living quarters for all its diplomatic staff. Sources said negotiations were going on between the US and Singapore governments for
      448 words
    • Article
      Lock icon Chinese firm to sell shares to foreigners
      282 22 Reuter A CHINESE truck maker plans to become the nation's first company to sell a substantial block of its shares to foreign investors. Jinbei Automotive has received permission from the central bank to sell US$4 million worth of its shares to foreigners, company
      Reuter  -  282 words
    • Article, Illustration
      Former MCD official is new SSA registrar
      324 22  -  By AMY BALAN THE SINGAPORE Society of Accountants, which has been without a registrar since Lam Peck Heng resigned in May, has finally found a replacement. Mr Lee Wai Kok, 55, who recently retired from his deputy secretary (culture) post at the Ministry
      324 words
    • Article
      Lock icon Solidarity hits out at state 'arrogance'
      174 22 AFP THE OUTLAWED Solidarity trade union yesterday accused the Polish leadership of "arrogantly" seeking to block meaningful negotiations between the government and the opposition. In a communique issued in Warsaw, Solidarity lashed out at statements made on Tuesday by government spokesman Jerzy Urban, who
      AFP  -  174 words
    • Article
      Lock icon Report says Japanese economy expanding fast
      200 22 AFP THE JAPANESE economy is expanding at an accelerating pace without fears of overheating or a slowdown in August, a central bank report has said. The report, made on the basis of a survey conducted in August by the Bank of Japan and issued
      AFP  -  200 words
    • Article
      Forex market daily turnover hit record of US$50b in June
      405 22  -  By WILLIAM CHIA THE FOREIGN EXCHANGE market hit an all-time high of US$5O billion in average daily turnover in June, the vice-chairman of the United Overseas Bank, Mr Richard Eu. said yesterday. The booming forex turnover it grew from a
      405 words
    • Article
      S'pore to send one more squadron for defence pact
      412 22  -  By MARTIN SOONG SINGAPORE intends to deploy another fighter squadron for duty in the five-nation Integrated Air Oefence System (lADS), First Deputy Prime Minister Goh Chok Tong announced last night The extra squadron will join the existing 144 Squadron of Northrop
      412 words
    • Article
      Lock icon Comex gold and silver
      116 22 Reuter COMEX GOLD futures were marked down early yesterday on cautious selling spurred by expectations that NYMEX crude oil prices will sink below the psychological support of US$l4.OO a barrel December gold lost US$O 80 at U*****.00 an ounce with sellers beating back a rally to
      Reuter  -  116 words
    • Article
      Lock icon Non-aligned movement told to build better world
      506 22 Reuter CYPRIOT PRESIDENT George Vassiliou opened a conference of non-aligned foreign ministers yesterday, calling on the movement to seize the initiative and build a better world. He and Zimbabwean Foreign Minister Nathan Shamuyarira inaugurated the four-day meeting for 59 foreign ministers and 89
      Reuter  -  506 words
    • LATE FILE
      • Article
        Lock icon Burmese embassy staff break away
        39 22 AFP FOURTEEN EMPLOYEES at the Burmese embassy in Tokyo have disassociated themselves from the ruling Burma Socialist Program Party (BSPP), but they did not include the ambassador, the Kyodo news agency reported yesterday. AFP
        AFP  -  39 words
      • Article
        Lock icon Central rule for Indian state
        29 22 Reuter INDIAN PRESIDENT Ramaswamy Venkataraman has imposed central government rule on the north-eastern state of Mizoram after the government there lost its majority. Reuter
        Reuter  -  29 words
      • Article
        Lock icon Sihanouk on way to Paris
        38 22 AFP PRINCE Norodom Sihanouk left Beijing yesterday for Thailand and Malaysia on his way to Paris for talks with Prime Minister Hun Sen of the Vietnamese-installed government in Phnom Penh next month AFP
        AFP  -  38 words
      • Article
        Lock icon Indian trade deficit widens
        56 22 Reuter INDIA'S trade deficit for the first quarter of the current financial year leapt by 48 6 per cent from a year earlier to 20.74 billion rupees, the Ministry of Commerce said in New Delhi yesterday. Between April 1 and June 30. exports rose 16 9
        Reuter  -  56 words
      • Article
        Lock icon Syria refuses to back Iraqi claim
        64 22 Reuter SYRIA yesterday refused to join other Arab information ministers in backing Iraq s claim to the Shatt al-Arab waterway at the heart of the eight-year Gulf war. The ministers wound up a twoday meeting in Baghdad with a statement which pledged to oppose
        Reuter  -  64 words
      • Article
        Lock icon Indon population exceeds 176m
        29 22 AFP THE POPULATION of Indonesia. the world's fifth largest country, this month stood at more than 176 million people. President Suharto told his Cabinet yesterday.
        AFP  -  29 words
      • Article
        Lock icon Police question Magnum officials
        50 22 NST MALAYSIAN POLICE yesterday questioned several past and present officials of Magnum Corporation Bhd over its Ms 32 million investment in Serita Development in 1985 Among those interviewed were Magnum chairman Tan Sri Khir Johari. Tan Sri Chong Kok Lim and Datuk Choo Ching Hwa NST
        NST  -  50 words
      • Article
        Lock icon Sprinkel sees no inflation threat
        42 22 AFP THE LATEST economic indicators in the US show that inflation is not a threat. President Reagan's senior economic adviser said in Tokyo yesterday. Mr Beryl Sprinkel said: "We remain convinced that inflation will continue restrained." AFP
        AFP  -  42 words
      • Article
        Lock icon Strikes mark lawyer's funeral
        54 22 AFP A HUMAN RIGHTS lawyer in Sri Lanka who died in police custody was cremated amid tight security yesterday as strikes to mark the funeral spread across the country Commercial activity came to a virtual standstill in spite of government appeals to keep businesses open, a
        AFP  -  54 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      358 17 OProspere welcomes Dr. Ungsuh Kenneth Park, speaker off the 1988 Singapore Productivity Lecture The NPB is proud to present Dr Ungsuh Kenneth Park, Executive of SAMSUNG COMPANY LTD, as the SPEAKER for the 1988 Singapore Productivity Lecture. /"""V THE SPEAKER Dr PARK holds a Ph.D (Economics) from the Af University
      358 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      24 17 <£. A A/J5 £///&£> A ffU-A 7Z> /V4£vV 6/tAf&a/&v -»<■> <s. v y £*> A/AMZ'g 72/sc/ saw&tw/ r<? sv4/-/c /a/7Z) /j 72P t/4i/£~ sm/£/A/6 )'J '.coo^ '21 s4
      24 words
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      44 19 Leaving overcrowded Earth, they found a second paradise But even paradise has its nightmares. MIVEN, POURMELLE m BARNES writers who know the difference between Hollywood science fiction and the Real Stuff." Available at all good bookshops STP Distributors 2 Ju'onq Port Road Singapore 2261
      44 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      293 20 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GUAN TONG TRADING (PTE.) LTD. (Incorporated In the Republic of Singapore) (In Liquidation) MEMBERS' VOLUNTARY WINDING UP At an EXTRAORDINARY GENERAL MEETING of the members of the abovenamed company duly convened and held at 362
      293 words
    • Advertisement
      Page 20 Advertisements Column 2
      262 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND JAVA OFFSHORE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at No. 1 Benoi Road Singapore 2262 on the 29th day of August 1988, the following Special Resolution was duly
      262 words
    • Advertisement
      Page 20 Advertisements Column 3
      6 20 On target, Chart Point every Saturday
      6 words
    • Advertisement
      Page 20 Advertisements Column 4
      6 20 Managers must manage, BT, every Monday
      6 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      53 21 LOS ANGELES (CALIFORNIA) PACIFIC RIM TRADE MISSION 12 13, September 1988 Pan Pacific Hotel, Singapore Opportunities for Singapore businessmen seeking new business contacts in areas of: ELECTRICAL, ELECTRONICS, CONSUMER PRODUCTS, SPORTING GOODS, INFORMATION SERVICES, MEDICAL EQUIPMENT, PETROLEUM PRODUCTS AND OFFICE PRODUCTS. Call for more information and appointments: COMMERCIAL SECTION AMERICAN
      53 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      157 22 of fine living. Beautifully furnished dining rooms, separate fully equipped kit< hens, elegant one or two bedroom suites right in th«> heart oft >n hard Road. At The Aseott. we take pride in giving our c lients their own home. A spacious, priv ate living environment that offers the ultimate
      157 words
    • Advertisement
      Page 22 Advertisements Column 2
      73 22 3 UNITS OF 3 FT. ALUMINIUM J VENETIAN BLINDS WORTH $135 ON ALL MULTI-SPLITS AIR-COND. SAP-MC ***** 16,000 BTU MODEL FM 15R NORMAL PRICE OFFER MODEL FM 10R NORMAL PRICE OFFER 15 litres $260 $220 10 litres $240 $200 (INSTALLATION NOT INCLUSIVE IN BOTH OFFERS) HONG HUAT ELECTRICAL PTE LTD
      73 words
Page thumbnail Page 23
  • SHIPPING TIMES
    • Article
      Australian National Line likely to make a bid for NZ corporation
      233 23  -  J-LUI VJ By Kingsley Wood AUSTRALIAN National Line is expected to make a bid for the New Zealand Shipping Corporation when it goes up for sale, almost certainly before the end of the year. ANL Melbourne head office said
      233 words
    • Article
      APL plans to set up agency in Malaysia
      264 23  -  By G DURAIRAJ AMERICAN President Lines is looking Into the possibility of setting up its own agency in Malaysia. Shipping sources say the American carrier, which is seeking to expand its market share, is trying to change its present agents Boustead Shipping
      264 words
    • Article
      Fewer job losses on Japanese ships with foreign crews, says association
      175 23 IF THE CURRENT restraints which prevent foreign crews from manning Japanese-flag vessels are not relaxed, over 8,000 of the current total of 11,057 Japanese oceangoing seamen will eventually lose their jobs, according to a report by the Japanese Shipowners'
      175 words
    • PORTSIDES
      • Article
        Lock icon Mexican ports close due to storm
        85 23 Reuter THE GULF of Mexico ports of Veracruz and Campeche were closed to coastal and fishing traffic due to storms but the ports have remained open to ocean vessels. The official Notimex news agency quoted the Veracruz port captain, Daniel Mass Segura. as saying
        Reuter  -  85 words
      • Article
        Lock icon Iran inaugurates 40km pipeline
        130 23 Reuter IRAN has inaugurated a 40km pipeline built to facilitate import of oil products from the Soviet Union, Teheran Radio reported It said a Soviet tanker docked at Iran's Caspian sea port of Anzali, unloading 4.7 million litres of diesel fuel to be taken by the
        Reuter  -  130 words
      • Article
        Lock icon 10,000 dockers return to work
        169 23 AFP CARGO operations resumed at all Australian ports on Wednesday after a two-day strike by some 10,000 waterfront workers which tied up more than 40 ships. The strike ended the day after employers agreed before an arbitration commission to reconsider their position a dispute over
        AFP  -  169 words
      • Article
        Lock icon Higher overhead clearance for box
        135 23 Containerisation International THE north-eastern US railroad Conrail is making a start to increase overhead clearance to permit the double-stacking of 9ft 6in high "hi-cube" containers. Most stack-train routes from the west coast to Chicago can already clear two high cubes, but up to now Conrail
        Containerisation International  -  135 words
    • Article
      Lock icon Gulf war will resume if Iran searches Iraqi ships
      422 24 Khawla was harassed after Aug 20 ceasefire Reuter IRAQI PRESIDENT Saddam Hussein said Iraq's eight-year war with Iran could resume if the Iranians searched any Iraqi ships in the Gulf. "If one Iraqi ship is searched it means war breaks out,"
      Reuter  -  422 words
    • Article
      Lock icon Sharp reduction in war risk premiums for cargoes sailing to Gulf region
      377 24 Reuter WAR RISK insurance premiums for all cargoes on ships sailing into the Gult were lowered sharply as a result of the ceasefire last month in the IranianIraqi war. the London-based War Risk Rating Committee said. With effect
      Reuter  -  377 words
    • Article
      INDEX TO ADVERTISERS
      803 24 AB Shpg V 5 ABC Contoiner IX 1 Accord Shpg VI 3 Adrich Shpg IX 1 Alltrons VII 3 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Ocean VI
      803 words
    • Article
      Lock icon Panamanian/ Soviet tankers collide rupturing gas pipeline
      238 24 Reuter A SOVIET and a Panamanian tanker collided at the mouth of Venezuela s oil-rich Lake Maracaibo, rupturing a gas pipeline but causing no injuries. Maracaibo port director Regulo Dominguez said He said the Soviet tanker Lyudinovo. carrying 70.000 tonnes of crude, was
      Reuter  -  238 words
    • Article
      Lock icon Bank of Seoul to auction KSEC stocks this month
      174 24 Seatrade Week STOCKS in the Korea Shipbuilding and Engineering Corporation held by its major creditor, the Bank of Seoul, are to be auctioned this month, a South Korean government official has revealed. The successful bidder will hold the management rights to
      Seatrade Week  -  174 words
    • Article
      NZ ports will come under private ownership on Oct 1
      278 25  -  By Kingsley Wood ALL NEW ZEALAND ports will come under private ownership on Oct 1 in line with the controversial Ports Reform Bill passed earlier in the year. Public companies have replaced the numerous harbour boards in a move to
      278 words
    • Article
      Lock icon Fruehauf to sell reefer boxes to China
      84 25 Reuter FRUEHAUF CORP has entered into a licensing agreement which will allow it to sell refrigerated and dry freight containers m China and to the Pacific Basin market Fruehauf said it agreed, in a pact with China Container Corp. a subsidiary of California-based
      Reuter  -  84 words
    • Article, Illustration
      Lock icon Workers protest against poor safety measures
      415 25 AP STORES in Perama stayed shut yesterday and shipyard workers went on strike to protest inadequate safety measures after an explosion ripped through a Greek oil tanker. The Greek Merchant Marine Ministry said four workers died in Tuesday's blast aboard the 86.000-ton Anangel Greatness
      AP  -  415 words
    • Article
      PORT CONDITIONS
      269 25 ALL SURVEYS were conducted on Aug 15. Argentina Buenos Aires 40 vessels operating, waiting time of up to two days Bah a Blanca Waiting time of up to two days Australia All ports Normal operation. Bangladesh Mongla 15 vessels operating Chittagong 15 vessels operating. Brazil Salvador Waiting time
      269 words
    • Article
      LONDON FREIGHTS
      1291 30 MODERATELY active time-charter business is reported on an otherwise dull freight market on Tuesday following the US Labour Day holiday, shipbrokers said A Greek vessel of 26,000 tonnes dw was arranged with delivery Continent for a Great Lakes round trip and redelivery SkawCape Passero range at US$7 500
      1,291 words
    • Article
      SHIPPING LIST where your ships are due...and when
      6513 30 AARHUS Snwiiaya 0| asagetr• Sep V 9 Maersk Rotterdem Mm u Line Sep 9 Benavon Trio' Sep 9<PK) Villa de Neptune CM 0 Alrenement Sep 9 Ming Prosperity Yang Ming Sep 10 Ewer Group Evergreen Sep n Kofrigan ScanDutcht Sep l? Oiu
      6,513 words
    • Article
      SHIPS IN PORT
      1755 30 AT CONVENTIONAL WHARVES Po"'0 P»Sf '0 u O ongt de 06 09 1500 Vessel fcm r 8 d ongs.de 06 09 I80C Berth Arrival Departure S> No» Hjq 3 Su'oboyo II Jl i3 o-ongs.de O ongt«de 06 09 0600 08 09 230C KEPPEL WHARVES T'« Ac# ill
      1,755 words
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      816 23 vv TIMES STP Distributors Dedicated to Quality se>*vice MB DINE SHIPPING AGENCIES 200 Cantonment Rom). #12-05 Southpomt Singapore 0208 Tel *****11 Telei RS ***** Facsimile *****09 TERMINAL/CFS Tel *****18. *****19 *****20 FOR CUSTOMER SERVICE INQUIRIES ANO BOOKINGS Tel 32«0?3<yS PESAKA JAR DINE SHIPPING AGENCIES SON BHO PORT KELANG Tel *****18
      816 words
    • Advertisement
      Page 23 Advertisements Column 2
      69 23 wm IRAQI PRESIDENT Saddam Hussein said Iraq's eight-year war with Iran could resume if the Iranians searched any Iraqi ships in the Gulf. Page II ALL NEW ZEALAND ports will come under private ownership on Oct 1 in line with the controversial Ports Reform Bill passed earlier in the year.
      69 words
    • Advertisement
      Page 23 Advertisements Column 3
      591 23 INTERMARINE SUPPLY CO (PTE) LTD T»l: *****33 (0 Tl. IMCCO R*****8 F«jc *****77 MAERSK LINE THE DETERMINED LINE Feede' froml Port S port Malaysia Keiang Th« week M Rotterdam Closing Time CY 8/9 2359 MRS CPS 8/9 1900 H«s To Europe— UK Scandinavia Finland AAR CPH GOT OSL M Mondo
      591 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      591 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT SS BENAVON OSAKA BAY KASUGA MARU KAGA LARGS BAY HONG KONG EXPRESS P KELANG SOUTHAMPTON 30/9 HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: All UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI, OSLO. AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE FROM UK/CONTINENT
      591 words
    • Advertisement
      Page 24 Advertisements Column 2
      20 24 tIZZI and serv ces represented by qh,nn CrS a 6 Reg,s,r y Accredited Shipping Agents. Singapore National Shipping Association VgWPV
      20 words
    • Advertisement
      Page 24 Advertisements Column 3
      543 24 m POLISH OCEAN LINES *g*nfs Optorg Shipping Pte Ltd Singapore Te l *****44 p n e .ar»j 3MTOI 2 3 Ttlei RS ***** Petjhng Jj,j *****93 *****03 Fa« *****51 Penang *****5 EACON SERVICE (FULLY CONTAINERISED SERVICE) TO EUROPE •toe RUCKLAM) im H CIGKISKI 2M FAHKLAM UI CANARIES/EUROPE VESSEL SI GEN
      543 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      1407 25 a The Straits Steamship Group Mansfield Container Shipping Re Ltd P&O Containers CONTAINER SERVICE TO UK/CONTINENT: KNAVON OSAKA BAT KASUGA HARU KAGA LAWS SAT HONG KONG EXPRESS KAMAKUM CITY Of EOINIURCM lift raio Wi'io «,io OfclO QUO 10,10 11/10 13/10 10/10 12/10 14/10 IS/10 17/10 1110 12/10 14/10 10/10 1710
      1,407 words
    • Advertisement
      Page 25 Advertisements Column 2
      725 25 NOTICE MMH, BRUNEI AND SJUUWM FREIGHT CONFERENCE FAR EAST/6ULF OF AOEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CONGESTION SURCHARGE The member lines of the obove Conferences have been monitoring the berthing situation at the undernoted port and have reported and agreed on the following:Port Sudan As a result
      725 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      560 26 MSI NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading forIn Port BANDAR ABBAS 2nd Call In Pt BANDAR ABBAS 15/9 BANDAR ABBAS KYOWA LINE IRAN EKRAM IRAN BAYAN IRAN ELHAM TkyowT pi* PNC/8. PACIFIC SERVICE Singapore Loading for: HERMOSA 1/10 LAE. PMB. HRA MICRONESIA
      560 words
    • Advertisement
      Page 26 Advertisements Column 2
      665 26 HS.S.IjINE FULLY CONTAINERISED SE R V l_C^ TO EUROPE VIA SUEZ Membe. of the Ace Consortnm CONVtNTIONAL SERVICE TO PERSIAN GUI F VESSEL KUANTAN S PORE LOADING FOR BOTO AC 18 7/9 DUBAI. DAMMAM. KUWAIT GEN AGENTS: CROWN MARINE CO (PTE) LTD TEL: ***** M (9 Lin**) FAX NO: *****69
      665 words
    • Advertisement
      Page 26 Advertisements Column 3
      168 26 VA FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 15/9 23/9 AFGHANISTAN NEW SERVICE KABUL/HAIRATAN/TORGHUNDI 20/9 8/10 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE FREMANTIE Also occepfing to Darwin AUCKLANO, WELLINGTON, LYTTLETON, DUNE DIN NAPIER EUROPE 11/9 A 20/9 12/9 21/9 1/10 15/9 NEW CALEDONIA A FIJI ISLANDS NOUMEA,
      168 words
    • Advertisement
      Page 26 Advertisements Column 4
      1236 26 EVERGREEN Full Container Service ■MMi h Mii Wor i ld East Bound (FE/CAR.B/USEC/EURO/FE) EVE* GARDfN !!S? KLC PUS OS* TYO CHS Hr a i i *7S '44 27.1 rn M 110 710 1010 EVER GIFTED 1/10 4/10 6/10 1/10 10/10 14/10 1710 rut! SwJei'* IVIO 17/10 71/10 24; 10 cure
      1,236 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      801 27 PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABXYA/SEMARANG CONTAINER SERVICE VESSEL KOTA MELATI QOWA SEA GLORY KOTA MELATI KOTA EAQLE BELAWAN/STRAITS CONTAINER SERVICE VESSEL KOTA MELATI SEA GLORY KOTA MELATI SEft GLORY KOTA MELATI RED SEA/EAST AND WEST AFRICA SERVICE
      801 words
    • Advertisement
      Page 27 Advertisements Column 2
      420 27 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT 2/M 414 410 WW i/u *11 *11 mi EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANG AND EAST MALAYSIAN PORTS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN LINE HKC NOUMEA
      420 words
    • Advertisement
      Page 27 Advertisements Column 3
      530 27 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOY EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSI/VOY OCEAN PRIMA/11WB PALEMBANG/10WB KUTAI/ISWB ANTWERP H BURG/ RDAM/ADAM BREMEN 26/10 29/10 28/10 31/10 26/10 29/10 Sotoieci lo Inducement Alto accepting cargo to Casablanca. Poet
      530 words
    • Advertisement
      Page 27 Advertisements Column 4
      331 27 BOUSTEAD SHIPPING AGENCIES MYOMA TWA VIIIM ISA? Sec NAKA V34t 7* Sep BURMA FIVE STAR SHIPPING CDBPDMTIMf (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok BANK LINE SEMI-CONTAINER SFRVirF HEAVY LITT CAPABII iTv NORTHBOUND TO UKr IVY BANK V22N TAUSALA SAMOA VI3N MORAYBANK V6N SPORE RDAM HULL HMBG
      331 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      619 28 KAWASAKI KISEN KAISHA, LTD. K linb ORIENTAL FREEDOM ORIENTAL FAITH (feIENTAL FRIENDSHIP AMBASSADOR BRIDGE rttut* oriental faith ORIENTAL FRIENDSHIP Ambassador bridge '"VIA FEEDER FUOER VESSEL ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE N. AMERICA-ATLANTIC COAST N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL VO HONGKONG CONTAINER 56E KOREAN JACEWON 64E SEVEN
      619 words
    • Advertisement
      Page 28 Advertisements Column 2
      218 28 CANOPUS OSO2C VAAL ***** JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #1245 SOUTHPOINT, SINGAPORE 0? TH *****11 TELEX NO RS ***** TERMINAL/CFS Tel *****18 220 BOOKINGS Tel *****34 235 DOIUSIUAMA I—IIME PULSAR 10 Sep 20 Sep WORLDWIDE PACIFIC MARITIME (PTE) LTD TEL 2252Z11 (I Lines) KOWTEWA NASI ON
      218 words
    • Advertisement
      Page 28 Advertisements Column 3
      669 28 4J AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCI Contain*™ Smgaooi* P Kelang Penang Loading (or Mother Vsl By F««der By Feeder 15 S«pl Sep! 8 Sept Frem Melb Sydn AdH u Oct J Oct J Oct frem IMb Sydn AM 3 Nov 27 Oct 27 Oct F rem MUD Sydn Adel
      669 words
    • Advertisement
      Page 28 Advertisements Column 4
      669 28 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23, T»lo» Ajtr Street SINGAPORE 0104 TEL U43W (10 LINES) Fai *****04 14 16 Sept 20/21 Sept STRAITS/PERSIAN GULF SERVICE: Spore PMing Penjng GOLDEN BEAR Colombo' Karachi Dubai 12/13 Sept GOLDEN HARVEST Colombo Karachi OuUai l/l Oct Da wan CHINA SERVICE BAI YUN
      669 words
    • Advertisement
      Page 28 Advertisements Column 5
      485 28 PHIU OMfNT IINfS PTf LTD HEAO OFFICE 63 BOIINSON ROAD -07-1? AFRO ASIA BUILDING, SINGAPORE 0106 TELE* RS ***** PMILI FA* *****76 i i:w'; ETA SINGAPORE DESTINATION 12/1. 14/5. 24* 30* DUBAI DAMMAN. KUWAIT. BOMBAY DOHA MUSCAT BAHRAIN ABU DHABI SHARJAH JEDDAH (LCI) COLOMBO MRACHI. BOMBAY CHITTAGONG EAST AFRICA/ 13*.
      485 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      831 29 NEPTUNE AGENCIES PTE LTD EE EU/AUST TPASEA G«n«ral Enquiries T«l: 278M77 Terminal CFS BOOKINGS *****53 *****42 2212(22 *****53 *****1* *****16 \\NEPTUNE ORIENT LINES LTD FAR EAST/EUROPE FULLY CONTAINERISED SERVICE a TO EUROPE/UK (VIA SUEZ): I 1 NEPIINE SON BHD KMC NEPLINE SON BHD. 2«1«33 NEPIINE SON BHD «200»«27MM27M1/t27H2 NtPLINE SON.
      831 words
    • Advertisement
      Page 29 Advertisements Column 2
      517 29 HEUNC-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG, KEELUNG. BUSAN, INCHON STRAITS/KOREA SERVICE WEF JUNE 1) BUSAN I SINGAPORE 1# DAYS SERVICE Vessel s Name ETD BS S PORE SINGAPORE/ KEELUNG SERVICE!! PKELANG KEE •Gloru/ttiN 02/09 13 14/09 15-16/09 23-24/09 30/9-1/10 3/10 •Drajnet/MIN 21/9 2M S/10
      517 words
    • Advertisement
      Page 29 Advertisements Column 3
      858 29 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 kelanc MESSRS HAI THONG SHIPPING 127 Penang Street. Penaig. Malaysia M S HANDLING SYSTEM CO
      858 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      275 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 |30 bnesi FAX *****39/*****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD DSR-LIMES VEB DEUTFRACHT SEEREEDEREI ROSTOCK 4 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE -v* IARNACA ACCEPTING CARGO FOR LIMASSOt BEIRUT, LATTARIA
      275 words
    • Advertisement
      Page 30 Advertisements Column 2
      89 30 SHOFUKU LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL SHOFUKU OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. SOVEREIGN ACCORD Vl3 ETA SIN 12/9/8S I KAOSHIUNG 4 DAYS SPORE KEELUNG ">• TOKYO SHIMI2U "> NAGOYA KOBE 5 DAYS 8 DAYS 9 DAYS 10 DAYS 11 DAYS SHOFUKU AGENCIES (S) PTE
      89 words
    • Advertisement
      Page 30 Advertisements Column 3
      178 30 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP S NAME I We. Pan-United Shipping <Pte> Ltd of 33 Tuas Crescent Singapore 2263 hereby give notice that in conse- quence of our purchased of Tugboat "Tsukushimaru I No. B'. we have applied to the Registrar of Singapore Ships, under Section 386 of'
      178 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      1892 31 DESTINATION ETA SINGAPORE KEELUNG, KAOHSIUNG MANILA JAKARTA TOKYO, KOBE. BUSAN KARACHI. BOMBAY. 12/9, 17/9, 19/9, 21/9, 28,9, 28/9 11/9, 18/9, 25/9 8/9, 10/9. 11/9, 15/9 17/9. 28/9 1/9. 9/9. 17/9, 23/9 ABC CONTAINERIZE N.V. TO AUSTRALIA/NEW ZEALAND vs. t Hu*f m |H i Isfl njt Sruuti n» 7/M I 14/10
      1,892 words
    • Advertisement
      Page 31 Advertisements Column 2
      209 31 Page IX UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINESI FAX: *****90 jTBI IRAQI LINE '«»0' f«T(ar«is( io« maritime r«i«jfo«T MV SINDBAD EAST BOUND SERVICE ETA S PORE LOADING FOR IV9 Japan THROUGH B/L« to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD 1 REEFER
      209 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      368 32 Hai Sun Hup Co (Rte) Ltd TEL *****06 (20 Lines, TLX RS ***** RS ***** I t I \SII R\( \R I l\l K I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS M V SEKI MATSUYAMA V.71 ETA SINGAPORE 11/9 PORT KELANG 14/9 LOADING FOR T7TTT NOTE: ALSO
      368 words
    • Advertisement
      Page 32 Advertisements Column 2
      237 32 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CAN ADA/MEXICO AND FRENCH WEST INDIES Sport LaHayrt Connecting VSL KORRIGAN V 312 12fl "Sfl NUERNBERG EXP N DELFT VJ22 NIHON ¥332 STUTTGART EXP OUSSELOORf EXP Alm saving GULF Miami, Mobil*. Ntw Orioam. City/ FRENCH W. Indict Fort D* Franc*.
      237 words
    • Advertisement
      Page 32 Advertisements Column 3
      186 32 PT MASKAPAI PELAYARAN PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****54/*****73 VSL TANAH AIR TANAH AIR TANAH AIR TANAH
      186 words
    • Advertisement
      Page 32 Advertisements Column 4
      772 32 *****53/*****11 04-*****2/4. *****3 07-*****8 S& 5,1375 51JW0 51J3 *****88 TO EUROPE FEEDER CALL US AT: P. KELANG PENANG J. BAHRU i P GUOANG SINGAPORE K. LUMPUR WEEKLY_FAR EAST/EUROPE CONTAINER SERVIC SINGAPORE I LEHARVE yiiiiiiJHiiLJlUS GOTHENBURG 03 10 B BUTANC 479 B BUTANG m B BOTANC «3 OTHER DESTINATIONS AARHUS. AMSTERDAM
      772 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      156 32 Regional Weather f, 3 Ki 7a Wm <4 SS cS m u 5k i£ tr»i'i. SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. S«p I. 1988 c o <V«ct.on with vp««d knoVt Wove he.ghr LEGEND R Thunderstorm Temperoture c X\ y Showtr W«afh*r ->/ WthJ <*rtcf»on w.rh vp««d *1 knot*
      156 words