The Business Times, 24 May 1989

Microfilm: NL16541
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 WEDNESDAY, MAY 24, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    251 1 Dow Jones down US STOCKS were around their session lows yesterday on news of a 2.9 per cent jump in April durable good orders when a 0.7 per cent rise was forecast. The Dow was off 13 at 2489. Reuter Footsie down LONDON share prices were lower,
    251 words
  • Article
    Financial sector a growth leader
    646 1  -  Economic y Survey of Singapore/r 1st quarter, 1989 By ZHOU MEI THE ECONOMY appears to be progressing on course as expansion slows down in response to weaker external demand and domestic constraints chiefly the labour shortage. The economy expanded by 8.4 per cent in the
    646 words
  • Article
    S'pore investors staying put in China despite turmoil
    567 1  -  TOTAL OF USSSOOM ALREADY COMMITTED By FOO CHOY PENG Hongkong Correspondent SINGAPORE INVESTORS, with US$5OO million committed in China, are generally staying put in the country despite the current political turmoil that has shaken the world. "With most ventures already on stream
    567 words
  • Article, Illustration
    Volatile trading on Asian markets
    258 1 The China question REGIONAL MARKETS saw active and volatile trading yesterday. In Hongkong, after losing more than 470 points in the last two trading days, the Hang Seng Index made a tremendous comeback to rise 261.08 points to 3,067.65. This was despite a round of
    258 words
  • Article
    Lock icon Zhao back in office, moderates gaining ground in power play
    384 1 Agencies COMMUNIST PARTY chief Zhao Ziyang reportedly returned to his office on Monday after taking "sick leave" for three days in protest against Premier Li Peng's use of the army, while moderates supporting Zhao appeared to be gaining strength in
    Agencies  -  384 words
  • Article
    US dollar eases in Asia on late profit-taking
    149 1 THE US DOLLAR ended easier against major currencies in Asia's foreign exchanges yesterday, following late profit-taking triggered by rumours of talk of a possible decline in US interest rates. Dealers said the US dollar had earlier shrugged off two rounds of Bank
    149 words
  • Article, Illustration
    Pan-El affair: No action to be taken against Khoo Kay Peng after $36m settlement
    435 1  -  By ELAINE KOH THE ATTORNEY-GENERAL will not pursue any action against Malaysian businessman Tan Sri Khoo Kay Peng now that he has made a $36-million settlement on a suit against former Pan-Elec-tric director. Peter Tham. A
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  • Article
    A back seat for Khoo Kay Peng?
    55 1 TAN SRI Khoo Kay Peng, while creating waves after a surprise $36-million settlement for Peter Tham, has also been the subject of speculation for MUI-watchers. Malayan United Industries, of which Tan Sri Khoo is chairman and chief executive, could see him taking a
    55 words
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      146 1 brother Laser Printers Electronics Typewriters Word Processors Dot-Matrix Printers Facsimiles 743-8000 A 2ND CHANCE TO WIN CASH PRIZES IN OUR/IBS' $1,000,000 LUCKY DRAW 2nd Dra#lB September 1989 88 cash prizes to be won Those who missed big cash prizes in the first haif of OUB/IBS' $1 million lucky draw, have
      146 words
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      244 1 PAGES 10 11 How the sectors fared; Overview; Prospects for 2nd and 3rd quarters US companies starting to pull staff out of China, BACK PAGE Perspective, PAGE 13 Editorial Comment: 13 Mendaki II: count on all citizens German SMEs 2 Urged to invest here Singapore Airlines 2 Special bonus for
      244 words
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      12 1 Full Report, PAGE 18 Regional Mkts, PAGE 20 World Mkts, PAGE 21
      12 words
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      Page 1 Advertisements Column 4
      87 1 mita NEW AGE COPIERS Convenient, reliable feature-packed Sote Agent WEI TAH CO PTE LTD TEL: 746 1051 See BACK PAGE for the full report. < i■' V i Everything about Jerome Leplat invites you to touch. To feel. To acquire. Quite the sensation experienced by European royalty and aristocracy since
      87 words
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  • HOME NEWS
    • Article, Illustration
      German SMEs urged to invest here
      548 2  -  Envoy also calls for more S'pore investment in EC By DAVID CHEW SMALL and medium-sized West German companies have been urged to invest in Singapore and the Asean region. At the same time, Singapore companies have been invited to increase their investment in the
      548 words
    • Article, Illustration
      Special bonus for SIA staff
      328 2 SINGAPORE AIRLINES will dish out some $25 million to $30 million next month to say "thank you" to its staff for helping the company chalk up a record $985 million after-tax profit last year. SlA's 15,000 employees in Singapore will get an ex-gratia payment of
      328 words
    • Article
      Scarborough's fair for investment
      197 2  -  By JOHN TAN A TEAM of officials from Scarborough, a municipality of the Canadian city of Toronto, will visit Singapore next year to try to woo Singaporean investors. The municipality is particularly keen to attract investors for its tourism industry in hotels and convention facilities, for
      197 words
    • Article
      ICL S'pore expected to increase revenues by at least 20pc
      392 2 REVENUE of ICL Singapore, which was around US$l2.5 million to US$lB.5 million last year, is expected to grow by at least 20 per cent this year. This estimate was given by managing director Bill Liu yesterday at a ceremony to
      392 words
    • Article, Illustration
      UOB launches credit card for ladies
      150 3 A CREDIT CARD designed exclusively for ladies will be launched tomorrow by the United Overseas Bank in conjunction with MasterCard International. The Lady's Card (above) will be issued to female members with a minimum annual income of 5524,000. Members of the card need to
      150 words
    • Article
      MEMO-PAD
      330 3 Seminars and courses May 25 How to Supervise People Regent Hotel Institute for *****21 International Research May 25-26 Business to Business Orchard Hotel IMA Direct *****15 Direct Marketing Marketing May 25-26 Managing Time Novotel Orchid Inn Panned Kerr *****11 Forster Human Resources Pte ltd May 26 Entrepreneurship SMA House
      330 words
    • Article
      Chemical industry alerted to problem of pollution
      179 3 SINGAPORE welcomes investments in the chemical industry but these must not be at the expense of the environment, Mr Eugene Yap, senior parliamentary secretary (Trade Industry, and the Environment) said yesterday. With 2.6 million people living on little more than 600 square km
      179 words
    • Article
      Mid-year survey of labour force in progress
      83 3 MEMBERS of 33,000 Singapore homes will find strangers knocking on their doors over the next two months asking a lot of personal questions. The questions will be for the annual mid-year Labour Force survey conducted by the Ministry of Labour. The data on
      83 words
    • Article
      NJC's dinner and dance
      89 3 NATIONAL Junior College will cap its month-long 20th anniversary celebrations with a dinner and dance on Saturday. The guests of honour for the evening will be Trade and Industry Minister Brigadier-General (Res) Lee Hsien Loong and his wife. Ho Ching, both former students of the college
      89 words
    • Article
      Four more halls of residence for NTI
      361 3  -  Regional Development Consortium appointed consultant architects By TEH HOOI LING A $42 MILLION project has been endorsed by the Ministry of Finance to build four new halls of residence at the Nanyang Technological Institute (NTI). A design competition for the halls was held
      361 words
    • Article, Illustration
      Travel guide publisher moving into new territory
      534 3  -  By SANGEETA MULCHAND INSIGHT GUIDE publisher Apa Productions is expanding its services beyond the publication and distribution of the travel guide to take advantage of Singapore's position as a regional communications centre. Newly restructured and renamed the Hoefer Group, it plans to import
      534 words
    • Article
      Club offers a hand and four wheels to disabled
      145 3 A CLUB has been formed to help the disabled who need to take taxis to and from work. The Care Cab Club will match taxi drivers to disabled members of the community living near them. The disabled will pay the fare
      145 words
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      211 3 Make this the business move for you Effective communication is the keif to business success. Our courses are specially designed to help managers and professionals develop their communication skills. Let our specialists at the Business Communication Unit give you that competitive edge. A: Report Writing for Management A workshop that
      211 words
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      Page 3 Advertisements Column 2
      297 3 AT SHERATON LITTLE THINGS MEAN A lOT AT SHERATON lITTIE THINGS MEAN A lOT AT SHERATON LITTLE THINGS Imagine staying in the best part of Bandar Seri Begawan, right on Jalan Bendahara, in a room as spiffy as this- everyday. It sure beats living in a pokey little apartment or
      297 words
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  • ASIA-PACIFIC
    • Article
      Lock icon US trade threat sparks backlash in Asia
      623 4 CLAIMS THAT AMERICA ISNT A FAIR TRADER AP THE THREAT of sanctions under a new US trade law has pushed some Asian countries to speed up market opening measures, but also unleashed counterthreats and claims that the US isn't a fair trader. Asian
      AP  -  623 words
    • Article
      Lock icon Call for economic summit evokes interest
      281 4 FT BUSH ADMINISTRATION officials have expressed an interest in a proposal to call a full-scale economic summit with Japan while naming it as a "priority foreign country" with egregious trade barriers under the Super 301 provision of last year's trade law. The proposal was
      FT  -  281 words
    • Article
      Lock icon Senator urges Pacific trade coalition
      388 4 FT A LEADING member of the US Senate has called for the creation of a "Pacific coalition" to help promote the Uruguay Round of multilateral trade liberalisation talks and ease the debt crisis. At the same time, Senator Bill Bradley of New Jersey cautioned against
      FT  -  388 words
    • Article
      Lock icon UN prepares for peacekeeping role in Cambodia
      199 4 AP THE UNITED NATIONS is quietly making contingency plans for a peacekeeping presence in Cambodia, despite Soviet and Vietnamese opposition to a major UN role. Secretary-General Javier Perez de Cuellar said in a recent speech that the world body is prepared to help
      AP  -  199 words
    • Article
      Lock icon Laos, Thailand and Vietnam meet on Mekong projects
      386 4 AFP SENIOR officials from Laos, Thailand and Vietnam began a fourday meeting on Monday in northeastern Thailand to discuss development of the Mekong River and new projects to be undertaken by their countries. A press release issued by the Interim Mekong Committee
      AFP  -  386 words
    • Article
      Lock icon Thai-Japanese panel on trade to meet in Kobe
      120 4 AFP THE THAI-JAPANESE trade and economic joint committee is to meet on June 15-16 in Kobe, Japan, Board of Trade of Thailand officials said on Monday. Representatives from Thai Bankers Association, Association of Thai Industries and the Board of Trade of Thailand
      AFP  -  120 words
    • Article
      Lock icon Jakarta chalks up 6b rupiah budget surplus
      190 4 AFP THE INDONESIAN government overshot spending by nearly 14 per cent in the fiscal year ending March 31 but revenues also rose beyond expectation to end the year with a six-billion rupiah budget surplus. Jakarta spent more than budgeted in 1988/89 because of
      AFP  -  190 words
    • Article
      Lock icon Japanese camcorder makers complain about tariff plan
      316 4 FT LEAOING Japanese consumer electronics manufacturers have formally complained to the European Commission about a proposal which would almost treble the community tariff on imports of most compact hand-held video cameras, known as camcorders. The proposal, to be discussed by a committee of
      FT  -  316 words
    • Article
      Lock icon Nepal to import Soviet petroleum products
      184 4 AFP THE SOVIET UNION will supply Nepal with most of its petroleum needs on a long-term basis in the face of a two-month-old oil blockade by India, a high-ranking official has said. Negotiations have reached their final stage, and a formal agreement is expected
      AFP  -  184 words
    • Article
      Lock icon Dakota governors wooing Japanese
      203 4 AP THE GOVERNORS of North and South Dakota have joined forces to persuade prospective Japanese investors that the two states provide "all the tools of business success". About 100 Japanese business representatives gathered to hear their presentation, "Doing Business in the Dakotas", st the Japan External
      AP  -  203 words
    • Article
      Lock icon US likely to stop further farm pressure on Seoul
      263 4 AFP SOUTH KOREA can expect to avoid additional pressure from the US for a further opening of its agriculture markets in the near future following an accord reached last week, an official said on Monday. "The United States will not demand
      AFP  -  263 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      964 4 ARRIVALS Operator S*rvtc* number Mm* From MAS su UAL S1A 9A S1A MH627 SQ11 UA805 SQ802 SQ401 SQ31 0035 0040 0055 0420 0555 0755 KUL IAX/NRT SFO/HKG AKL/SYO CM! CDG/FCO MAS KAL MAS MAS SIA CPA MH640 KE624 MH653 MH630 SQ103 CX710 0820 0840 0910 0920 0950
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      44 4 Mora stortM, PAGE S The businets person's choke every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving at Lester Pearson International Airport the following day. CjJI your Tmrl .\gent or Air Citudi at 7J*****. A BREATH OF FRESH AIR
      44 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      76 4 RICK, THAT'S JUST A BUNCH OF NEEDLESS, RECKLESS SPECULATION, SO LET ME HELP YOU OUT, FELLA... Doonesbury SK. OFF THE RECORD. UHATS THE DEALUTTHHONDURAS? [T REALLY IS STARTING TO LOOK J UKE YOU CUT A PEAL 1 WITH PRESIDENT SUAVO '•TO SUPPORT THE CONTRfIS.. BY GARRY TRUDEAU THE UJORP OF
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    • Miscellaneous
      Page 4 Miscellaneous Column 2
      65 4 mm z/'l Max/ Not* Adelaide Amsterdam Athens Bahrain Bongkofc Barbados Beijing Beirut Belgrade Berlin Bermuda Mexico City New DeM New York Nicosia Olio Parts Perth Rio 'Janeiro Rome Son Frisco Son Juan Santiago Soo Paolo Seoul Stockholm Sydney Taipei Tokyo Toronto Vancouver Vienna Warsaw Washington 24/15 Cloudy 20/15 Clear 19/10
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  • REST OF THE WORLD
    • Article
      Lock icon Gorbachev gets top nomination
      294 5 Reuter SOVIET leader Mikhail Gorbachev has won the Communist Party's support to take on the country's new executive presidency at the head of a more powerful parliament. A plenary session of the Party's Central Committee, meeting on Monday three days before the parliament's inaugural session, also
      Reuter  -  294 words
    • Article
      Lock icon India's test-firing of missile could destabilise region: White House
      202 5 Reuter THE UNITED STATES was "very concerned" about India's testfiring of an intermediate-range ballistic missile on Monday, fearing it could undermine stability in the region, a White House spokesman said. Indian Prime Minister Rajiv Gandhi hailed the successful test as a
      Reuter  -  202 words
    • Article
      Lock icon Proposal to set minimum tax on savings income dropped
      278 5 AFP THE EUROPEAN Community will drop plans to set a minimum tax on savings income that aimed to forestall capital flight in the liberalised EC market, officials said. Leading the proposals to replace the doomed scheme is a draft law to
      AFP  -  278 words
    • Article
      Lock icon EC proposes 10-year trade accord with Soviet Union
      427 5 Reuter THE EUROPEAN Community on Monday proposed a 10-year trade and economic cooperation agreement with the Soviet Union and improved its offer for a similar accord with Poland in recognition of political reforms there External Relations Commissioner Frans Andriessen also asked the
      Reuter  -  427 words
    • Article
      Lock icon US and EC adopt 'soft' approach to two disputes
      245 5 FT THE CURRENT "softly, softly" style of trans-Atlantic trade relations has been illustrated by a US-EC deal over procedures for sorting out two potentially bitter trade disputes on oilseeds and sugar products. At a weekend meeting in Washington between Mr Frans
      FT  -  245 words
    • Article
      Lock icon Farm trading system likely to change
      288 5 AP A BASIC CHANGE in the way that the United States and other major countries pay for food and other crops could come about by the end of next year, a US trade negotiator predicted on Monday. Subsidies to farmers in these countries cost
      AP  -  288 words
    • Article
      Lock icon Little support for aid to Poland
      177 5 FT A PROPOSAL to encourage Poland's political reforms by lending European Community finance to the deeply-indebted Warsaw government has run into objections from the UK and some other EC member states. The European Commission proposal, which would involve the Luxembourg-based European Investment Bank (EIB)
      FT  -  177 words
  • Page 5 Advertisements
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      95 5 POWER. SEIZE IT IN THE NEW LANCIA THEM A. The new Lancia Thema turbo 16V. Miles ahead of the competition. 185 bhp of pure power perfectly matched to a luxurious, economically designed cabin. The definitive signature of precision engineering, breathtaking performance and sheer prestige in a hot-blooded Italian executive saloon.
      95 words
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  • COMMODITIES
    • Article
      Lock icon KLCE seeks more incentives for locals
      726 6 Bernama THE KUALA LUMPUR Commodity Exchange (KLCE) is considering offering better incentives to encourage more individual traders to trade on the market, says its chief executive, Syed Abdul Jabbar Shahabudin, yesterday. He said the exchange has applied to the government for tax concessions and
      Bernama  -  726 words
    • Article, Illustration
      Lock icon US and EC attacked over subsidy for edible oils
      311 6 Bernama THE POLICY of subsidising the export of edible oils by both the European Community and the United States represents a blatant disregard for the declared policy of supporting free trade, the chairman of United Plantations Bhd Tan Sri Basir Ismail
      Bernama  -  311 words
    • Article
      Lock icon Saudis reviving plan to lower oil price floor
      340 6 AP SAUDI ARABIA plans to revive a proposal to eliminate Opec's target price of US$lB per barrel and replace it with a price floor of US$l5 per barrel, the weekly Middle East Economic Survey reported on Monday. Saudi Arabia is proposing the
      AP  -  340 words
    • Article
      Lock icon North Sea oil workers in wildcat strike
      222 6 UPI UP TO 400 oil workers on Monday began a sit-in on an accommodation barge in the North Sea to protest pay and work conditions. The wildcat sit-in stopped construction work on British Petroleum Co's Forties Alpha platform, said Mr Tom Lafferty, divisional
      UPI  -  222 words
    • Article
      Lock icon Crude Oil and Products
      149 6 Telerate FUEL OIL PRICES were slightly weaker yesterday in the wake of a bearish crude oil market. CST--180 sellers were notionaily at US$9B tonne fob Sing for end-May first half June barrels. Relatively more inter- est was noted for bun-ker-sized lots in Singapore. Buyers and sellers
      Telerate  -  149 words
    • Article
      Soybean
      222 6 CHICAGO BOARD of Trade soybean futures on Monday ended lower and near the 30-cent a bushel daily limit that some contracts fell to around midday. New contract lows were hit in all months, but spot July. "The charts look terrible and we only did not stay limit down because
      222 words
    • Article
      Wheat
      224 6 CHICAGO BOARD of Trade wheat ended with moderate losses on Monday as steady commercial buying at cheaper price levels limited losses, traders said. Prices were depressed from the outset by limit declines in corn and soybeans, but the losses were less pronounced because commercial demand offset selling. The market
      224 words
    • Article
      Rubber
      378 6 SINGAPORE: Rubber prices closed lower in quiet trading yesterday with June 1 RSS quoted at 183.00 cents a kg, down three cents from Monday's close. Brokers said prices fell in the morning on long liquidation and stop-loss selling but remained little changed in the afternoon due to a lack
      378 words
    • Article
      RAS and MRELB
      284 6 RAS prices m s cwMg, fob m b«t* B NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 184.50 185 JON 184.50 185 JON bit 1 RSS June 89 183.00 184.00N 183.00 184.00N bit 1 RSS My 182.50 183.50N 182.50 183 JON Int 2 RSS Of
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    • Article
      SSR and SMR
      84 6 (c««m/kg) JUNE 1989 JULY 1989 (currant month) (forward month) RAS NOON NOON Ivy an S«IUn •vy*n Srftn SSI 30 136.00 158.00N 1 56.00 158.OON SSI 50 154.00 1 56.OON 154.00 156. OON MRELB Sdlfn kuy«n t SMR CV 253JO 254.50N 254.50 256.50N SMI L 256.00 258.00N 258.00
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    • Article
      Produce Prices
      194 6 Chinese Produce Exchange S«M*ri' noon doting (X ■km on Mor 23 ISJ/100 kg) Coconut oil Buft FOB 106.00 Old drum FOB 116.00 N*w drum FOB 120.00 Copra Mlx»d (Ioom) 62 Pepper Murrtok white FOB NIW 577JO Sarawak wMn FOB foq NLW 567.50 Sarawak ip*dd Mack FOB NIW 620.00
      194 words
    • Article
      KL Tin
      149 6 THE Kuala Lumpur Tin Marfcat firmed 15 cant* to doaa at M 527.30 a kg on further widespread buying yesterday, brokers said. Opening bids of 179 tonnes against an offer of 81 helped the marfcat climb gradually. The KLTM's differential over European spot tin Is US$lO5 a tonne,
      149 words
    • Article
      Precious Metals
      389 6 HONGKONG: Gold closed firmer in quiet two-way trading on light short-covering by local traders following Japanese selling in the morning yesterday, dealers said. The metal surged as the US dollar eased and Japanese buying appeared in late trade. Bullion ended at U*****.90/363.40 an ounce against an initial U*****.60/360.10
      389 words
    • Article
      Palm Oil
      435 6 MALAYSIAN CRUDE PALM OIL FUTURES closed slightly easier in active trading yesterday due to the sharp drop on the soybean complex of Ihe Chicago Board of Trade. Dealers said there was a lack of buying interest as operators were awaiting fresh leads. Traders were also worried about the
      435 words
    • Article
      London markets
      296 6 London Commodity Exchange Buyer/Seller dosing prices on Moy 22 (£/tonne unless specified). Previous closing prices m parenthesis. Coffee Basis in-store London, sailers option OF London Moy 1250/1268 (1335/1390) High/Low 1325/1250 July 1227/1230 (1228/1229) Kgh/low 1252/1226 Sot«s (4896) Cocoa Moy 740/744 (717/720) High/Low 750/741 My 752/753 (736/738) High/Low 764/748
      296 words
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      134 6 AVANT-GARDE ~T™', Training Associates 111 North Bridge Road #07-28 Peninsula Plaza Singapore 0617. Tel: 338 7033/338 7034 present* FINANPF FOR NON FINANCIAL MANAGERS June 15-16,1989 Hilton Hotel WHY YOU SHOULD ATTEND You can be a more effective manager if you can demand the right information from the financial people in
      134 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1733 8 SINGAPORE: The US dollar fell against most currencies on late profit-taking yesterday as talk of a possible US discount rate cut surfaced in the market. "The dollar's underlying sentiment was still bullish but a rate increase by the US will definitely change its trend," a US bank dealer
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    • Article
      Government Securities Market
      114 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 17.08.89 3.98 3.93 4.00 3.98 6 months BS*****N 17.08.89 3.98 3.93 1 year BY*****H 23.11.89 4.37 4.32 4.47 4.35 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      114 words
    • Article
      Asian dollar market
      264 8 ASIAN DOLLAR deposit rates ended at their opening levels in thin trading yesterday. Dealers said the market remained concerned over possible increases in Japanese and European interest rates in view of the continued strength ot the US dollar. One month closed at 9-11/16 9-9/16. three months at
      264 words
    • Article
      Simex
      475 8 EURODOLLAR FUTURES closed sharply higher across the board on active buying and short-covering yesterday with some late profit-taking well absorbed. Total turnover rose to an estimated 54.860 lots, surpassing the record high of 41,784 lots set on Oct 20, 1987. Dealers linked the strong buying to reports that the
      475 words
    • Article
      Money markets
      55 8 THE OVERNIGHT RATE on the Singapore money market fell by 1/8 point to close at 5 1/8 per cent yesterday. Short-term rates remained unchanged. S$ Interbank rates at the dose yesterday: OFFER UD Ormsi/l 1-moMti S 5/14 5 3/16 2-man* S 5/14 5 3/14 3-«omh 5 5/14 5
      55 words
    • Article
      Comex gold/silver futures
      191 8 Gold futures on May 22, 1989 100 troy ounces, USS par troy ounce Opan High Low SMk tfMay 363.20 2 50 Jun 342.00 364 60 360.60 363.70 -190 M 365.30 •3.10 Aug 365 20 367 60 363.80 366.70 -120 Oct 368 00 370.50 367.70 370.30 -140 Ok
      191 words
    • Article
      IMM
      240 8 IMM foreign currency futures stabilised at midday but still closed with heavy losses on Monday. Prices fell overseas as the dollar vaulted above critical resistance at 140 yen and two marks in the Far East and currency futures reached their lows at mid-morning. The market subsequently stabilised when the
      240 words
    • Article, Illustration
      World interest rates
      173 8 Indicates the ivtrtQC of uif prime rirti Of 12 ma)or banks In S'pors Interbank market rates (offer/bid) on May 23 us$ DM SWFC Y«n 7 4ay ll/l« —«/l* ia i/4 ia 3/s i/i 7 i/a 3/« 3 3/i 1/4 1 «tf» r/u i a 3/4 s/i 4
      173 words
    • Article
      Options
      1320 8 CURRENCY FUTURES OPTIONS Tuesday, May 23, 1989 DEUT8CMEMARK (SIMEX) Jun SS coMs wait LM> So* Jm mpm HM LM o*a 51 125 52 210 53 306 54 CAM 405 55 CAS 56 CAS Sap 88 c*« High Low So* Sop SS puis Htoh Lam go* 52 241 53 317
      1,320 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      185 8 Computer Literacy Course For All Employees At No Charge" V fSr m.. Worker training programme being conducted We have a leading team of highly qualified and, licensed trainers by the National Productivity Board (NPB) to train employees on CORE SKILLS FOR EFFECTIVENESS AND CHANGE (COSEC), a training programme specially designed
      185 words
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  • BANKING AND FINANCE
    • Article
      Reinsurers urged to act more responsibly
      404 9  -  RISK MANAGEMENT AND CAPTIVE INSURANCE CONFERENCE By QUAK HIANG WHAI REINSURERS should not grant substantial treaty facilities to underwriters who lack the necessary knowledge and experience, said a London insurance expert. Speaking at the Asia-Pacific conference on risk management and captive insurance in Singapore
      404 words
    • Article
      Lock icon Washington worried about dollar's rise but fails to turn the tide
      587 9 Reuter THE BUSH administration sought on Monday to dispel doubts about its commitment to stable exchange rates but failed to rein in the dollar, which surged to its highest level in 29 months against the West German mark. "If
      Reuter  -  587 words
    • Article, Illustration
      Lock icon 'Unrest sparks demand for dollar'
      395 9 AP INTERNATIONAL TURMOIL has triggered demand for the US dollar as a safe investment haven and has been a key factor in the currency's recent surge in foreign exchange markets, Treasury Secretary Nicholas Brady said on Monday. In an interview with The Milwaukee Journal, Mr
      AP  -  395 words
    • Article
      Lock icon Japan likely to increase discount rate soon
      265 9 AFP THE Bank of Japan is expected to raise its official discount rate, now at 2.5 per cent a year, by half a percentage point soon, major dailies said in Tokyo yesterday. The Nihon Keizai Shimbun and two other nationally-circu-lated newspapers said that
      AFP  -  265 words
    • Article
      Lock icon Bank acts to bring Marcos cronies to book
      178 9 Reuter STATE-OWNED Philippine National Bank is seeking government help to bring to court parties who defaulted on loans worth SO billion pesos they received on orders from former president Ferdinand Marcos. Bank president Edgardo Espiritu, speaking on President Corazon Aquino's weekly radio
      Reuter  -  178 words
    • Article
      Simex daily volume hits all-time high
      140 9 DAILY TRADING VOLUME hit an all-time of nearly 75,000 lots yesterday at the Singapore International Monetary Exchange. The turnover smashed the previous daily record of 55,625 contracts set on March 1 this year. The main reason for this record turnover. according to Simex trading
      140 words
    • Article
      Lock icon Banks closed in Argentina again
      326 9 UPI BANKS were closed in Argentina for the fourth time this year in anticipation of an announcement of a new economic plan. Pressure grew on President Raul Alfonsin to resign. Mr Alfonsin met his Cabinet past midnight on Sunday and issued a statement saying he
      UPI  -  326 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      144 9 M BIG SAVINGS WITH HONG LEONG FINANCE SINGAPORE FINANCE GOLDEN SNAKE NEW HOUSING LOAN PLAN For a limited period only. Hong Leong and Singapore Finance arc offering: Fixed interesi rale at 4.75% p.a. for the first 12 months. twUm Hoard Rate for first time homeowners I- r** legal fees up
      144 words
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      Page 9 Advertisements Column 2
      262 9 v <■ &i# j? JSSB B£S& 1? 4* V* >♦ Choosing a reliable carrier can make or break your business, fw fragile and whatever the size or shape of your cargo, your business demands it arrives in perfect condition, on time, every time Which means choosing an experienced and reliable
      262 words
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  • FOCUS
    • Article
      Republic remains competitive against NIEs
      659 10  -  FIRST QUARTER ECONOMIC SURVEY AN OVERVIEW Economic V Survey of Singaporeyr^ 1st quarter,1989 Reports by ZHOU MEI, LEE HAN SHIH, ANNA TEO, JAYARAM MENON, DEXTER LEE THE SLOWER GROWTH projected for Singapore's fellow Asian newly industrialising economies (NIEs) this year augurs well for the Republic's
      659 words
    • Article
      Global oversupply slows down growth of exports
      607 10 TRADE DRAGGED DOWN by a lull in February, export growth took a big tumble in the first quarter. Almost without exception, domestic exports of various types of electronic and electrical devices and equipment in the first three months slipped from the heady growth
      607 words
    • Article
      Strong retail demand fails to halt slowdown
      193 10 COMMERCE STRONG DEMAND for cars, the increase in the number of tourists and the attendant boost for the hotel and retail trades were not enough to stem a slowdown in the commerce sector. Slower entrepot trade led to a mere 8 per cent
      193 words
    • Article
      Fastest growing sector due to busier bourse
      409 11 FINANCIAL AND BUSINESS SERVICES FINANCIAL and business services was the fastest growing economic sector in the first quarter of this year. The sector chalked up a 12 per cent growth in the first quarter of this year against 8 6 per cent last
      409 words
    • Article
      1988 a rewarding year for revenue collectors
      579 11 REVENUE THE YEAR 1988 was a rather rewarding one for revenue collectors. A number of records of sorts were broken in the year, last set in pre-recession 1984. Total revenue collected in 1988 surpassed that in 1984 for the first time. The $13.78
      579 words
    • Article
      Total output growth a shade slower than last year
      221 11 Economic Survey of y Singapore/^ 1st quarter, 1989 TRANSPORT COMMUNICATIONS IS THE TELEX machine on the way out? The number of outgoing international telex calls which dropped drastically last year continued to fall in the first quarter. Just over 3,000 telex
      221 words
    • Article, Illustration
      Softer electronics industry depresses growth
      437 11 MANUFACTURING MANUFACTURING was pipped by the financial and business services sector as the lead sector of the economy in the first quarter of this year. Contributing 2.2 percentage points to the overall 8.4 per cent growth, the sector's performance did not come as a surprise
      437 words
    • Article
      Total payments received shrink by 2.9 pc
      416 11 CONSTRUCTION DESPITE talk of a recovery, the construction industry actually shrunk by 2.9 per cent in the first quarter This was measured by payments received by contractors, which came to just $956 million. This was marginally lower that the $985 million registered in
      416 words
    • Article, Illustration
      Lock icon Confidence in economy remains unshakened
      279 11 BUSINESS EXPECTATIONS BUSINESS EXPECTATIONS for the next six months are more optimistic than that for the last two quarters, according to the Economic Survey for the first quarter. Though prices are expected to fall, orders received and output are expected to rise. Singapore International Chamber
      Source: Economic Development Board, Public Utilities Board  -  279 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      135 10 ft 1*1 III It 7, v k v Zr Z. rrf^ DETROIT nrg LOS ANGELES SAN FRANCISCO tesi* v LAS VEGAS ORLANDO DALLAS/ FT. WORTH Kill T)rl rn i —i r Li T 11(1111, i I t I 1 J 1 4 4 C 4- OUR U.S. NETWORK. TAKE YOUR
      135 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      66 11 •J fJ d• 1 *h\ laß] r J*** The AVANA woman is daring but feminine She cuts a smart figure with her eyecatching yellow PICARD handbag from Germany. Exciting co-ordinates and accessories from AVANA enhances her gregarious and outgoing personality. mv i m AVANA Fashion Accessories Gifts #01 -07 #03-29
      66 words
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      Page 11 Advertisements Column 2
      35 11 1 Meet the Champs.... 1 Qiana m !V B fl f II Julio Rolf Benz THE WINNER Eictusrvety at »02-17 Shaw Centre. 1 Scotts Road Tel *****11 Sote Agents tor Singapore Malaysia Brunei and Indonesia
      35 words
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  • Page 12 Advertisements
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      185 12 ODYSSEUS THE NEW CLASSICS This 18K chronograph combines traditional craftsmanship and advanced watchmaking technology to form a masterpiece in time measurement. Each Odysseus has an individual serial number engraved on its case to document its uniqueness. With its precision and dependability, it is designed for the future, a classic characteristic
      185 words
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  • PERSPECTIVE
    • Article
      Mendaki II: count on all citizens
      475 13 IT'S SEVEN YEARS since Mendaki was first conceived. Then, Prime Minister Lee Kuan Yew had pointed out that Malay parents, Mendaki and all Singaporeans have a part to play in the exercise raising the educational level of Malay Singaporeans which will take a long
      475 words
    • Article, Illustration
      Lock icon Palace intrigue resurfaces in Forbidden City
      826 13  -  Jf The China question The political turmoil currently engulfing China has broken down the facade of unity within the country's leadership. DAVID SCHWEISBERG examines in Beijing the factional struggles in the Chinese Communist Party and the implications they hold. The accompanying reports focus on
      UPI  -  826 words
    • Article
      Lock icon Japanese investors likely to sit out Beijing's troubles
      280 13 Reuter JAPANESE COMPANIES dealing with and investing in China are expected to put projects on hold until the political chaos in Beijing is resolved, officials, say economists and businessmen. "The situation is not at all clear, but if the confusion lasts for
      Reuter  -  280 words
    • Article, Illustration
      Lock icon A republic within a republic
      752 13 In student-occupied Beijing, anything can happen and it usually does UPI WELCOME to the People's Republic of Beijing, where the president is 21, buses run not cross-town but cross-street and the militia, in its first days of combat, defeated one of the world's biggest armies
      UPI  -  752 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      105 13 AND 38$ SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). The emphasis is on news that is likely to affect the Business Times reader. Covering the latest trends in the shipping markets, we also carry up-to-date news of what's happening with
      105 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      47 13 ißriStOHftftanfr ttetarrt DOM'T SPGBK TO me o£lS"Touj MRVC VOU A PeTYN PILF^RING seeN WC MOTice PiSour] r £f£2 '5 c^ P (^=fefXl -Vvac RnooKjT op fikrrv To Goes o!si p/\Cop& or honour ii3&SIDeS I'rn PORKiMG ft U>iG D«STRNC€: CfILL TO P-X UNCLC FINING STANOARO CO. LTD.. 1119—1
      47 words
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  • LEISURE
    • Article, Illustration
      Lock icon Kafka returns to Prague after 20 years
      760 14 FESTIVALS Reuter FRANZ KAFKA's brooding face stares out from billboards around his hometown, Prague, in Czechoslovakia. "It's incredible to see that face here again," said a young Czech, looking at the posters advertising a 10-day festival of theatre productions based on Kafka's novels
      Reuter  -  760 words
    • Article, Illustration
      Lock icon The angry prophets of pop
      806 15 MUSIC NYT CORRUPTION, poverty, Crack, racial tension, Aids and a poisonous environment: the plagues of the late 1980s and the nightmarish anxieties they arouse are darkening popular music. Though by no means the dominant theme, a mood of embattled discontent has touched every musical genre,
      NYT  -  806 words
    • SHORT TAKES
      • Article
        Windsurfing for the young ones
        412 15 IF YOU WANT the older kids out of the house during the June school holidays, you could send the swimmers among them to a windsurfing course. The 100 Plus Boardsailing Scheme has been introduced at the People s Association East Coast Sea Sports Centre to
        412 words
    • Article, Illustration
      Lock icon Catcalls from La Scala's 'balcony gang'
      418 15 The Economist AS MOST parents know, children can be quite cruel, even tyrannical. La Scala's enfants du paradis. the denizens of the uppermost balcony of Milan's famous opera house, are no exception, at least when on their perches. Queueing for the few available tickets,
      The Economist  -  418 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      261 14 Where tv entertain... Where tv entertain,,, Where tv entertain... Where tv ONK (XXX) RI.AS( )N to lunch afthf PALM GRILL IS OUR AITLHSLR BUFFFT \N< H HKK IS 11 IK (IK )K :K (>1 MAIN KSKS K/\l IVI For between $20++ <tn<l $10+- you can select from our appetiser v
      261 words
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      Page 14 Advertisements Column 2
      142 14 WlmSm WlrtO COUIU MOTH SINGAPORE Tel: *****33 isten to them at Jade Lounge Relax with your favourite cocktail with this talented trio from Philippines They will bring you songs in Spanish, Italian and French nighdy from 8.30 pm. to 1.00 a.m. 1 Tanylm Road Singapore 1024 Telex WING TEL RS
      142 words
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      Page 14 Advertisements Column 3
      194 14 UNIQUELY HYATT Brannigon's is a pub unlike others it specialises in fun! Cocktails, snacks and live entertainment awaits you in the basement of the Hyatt rughtty Opening hours: Monday to Sunday 11 am to lam Friday and Saturday 11 am to 2om u i f 1 M < -V u
      194 words
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      Page 14 Advertisements Column 4
      191 14 I i m elub^ Swing at Club 5 with the delightful sounds of the golden oldies Plaza Hotel .Mi tm m •-SPSS L i PI ■> -i 4* I2UR SPECIAL FEATURES: Daily American Breakfast: $12.50** Daily Set Lunch: $11.00 nett Daily Set Dinner: $16.00 nett High Tea: (3pm to 5.30pm)
      191 words
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      Page 14 Advertisements Column 5
      199 14 Guangclong Buffet with a Itf^cliffercnce i v o k *i r L 'Mil GFfifr' v3Sji^? fr/ rT v f Sj^ u v v»T /o SIIF V *!>' A-i a, 'v? >j; Shark's fin Soup with Shredded C hicken, Roasted Duck. Braised (irouper, flone> Saute Barbequed Pork. Depp fried Prawns with
      199 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      185 15 There's a cafe on a lush, green hi 11... where you can take a break. Meet friends. Relax. Make choices from the delightful international cuisine and Asian favourites. Prawn Mee. Nasi Goreng. Prawn Cuny. Rahmschnitzel. Hainanese Chicken Rice. And much more. At Cafe in the Park Century Park Sheraton Singapore
      185 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      626 15 CRYPTIC PUZZLE ACROSS 1 A high wind, curse it (5) 6 They stand up straight and start talking during mass! (5) 9 A fiery bird (7) 10 A once wrecked vessel (5) 11 Smooth as keels can be (5) 12 Speak harshly at a good speed! (5) 13 Paid as
      626 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1221 15 Richard Qtrt'i next target Valarta Kaprlaky's leva. OUR CHOICE BREATHLESS, 11.20pm, SBC S Richard Gere is a happy-go-lucky delinquent who finds that his compulsive car-stealing winds up in the murder of a policeman. He later falls in love with a beautiful French lass and tries to get her to ride
      1,221 words
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  • SPORTS
    • Article
      Dragons for Marina Bay
      428 16  -  DRAGON BOAT By CHARLES SAVAGE WITH A RECORD 17 overseas entries, dragons of all complexions will puff their way past Marina Bay's shores in about two weeks' time, chasing the 12th Singapore International Dragon Boat Cup. The visiting dragons are flying in from 12 countries but
      428 words
    • Article, Illustration
      Lock icon Lendl top seed for French Open
      833 16 TENNIS AP THREE-TIME CHAMPION Ivan Lendl of Czechoslovakia tops the men's seedings for the US$4.5million French Open tennis tournament based on weekly rankings released on Monday. But Lendl will have to watch out for No 12 seed. Alberto Mancini of Argentine, currently the hottest
      AP  -  833 words
    • Article
      Lock icon Johncock banking on experience
      394 16 MOTOR-RACING AP GORDON JOHNCOCK doesn't believe in pre-race strategy. His edge in Sunday's Indianapolis 500 is experience. The two-time Indy winner will start from the middle of the eighth row after qualifying his 1988 LolaBuick at 215.072 mph (345 kph). It's the same car that set
      AP  -  394 words
    • Article
      Lock icon Rumania's Steaua confident of winning
      283 16 FOOTBALL AFP AC MILAN may have stolen all the headlines with its spectacular semi-final European Cup triumph over Real Madrid but anybody thinking it has only to turn up in Barcelona tonight to claim Europe's most prestigious trophy should think again. Steaua Bucharest may appear
      AFP  -  283 words
    • Article
      Sixth leg of Bjorn Borg Grand Prix Challenge starts tomorrow
      399 16  -  By A SURENDREN THE SIXTH LEG of the Bjorn Borg Grand Prix Challenge starts tomorrow with the advanced doubles for men and women. The competition, which has thrown up a few new faces and surprises, will go on till Sunday
      399 words
    • Article
      Lock icon Benn compliments Watson
      209 16 BOXING AP DEFEATED former champion Nigel Benn crept into Michael Watson's victory press conference on Monday, embraced the new Commonwealth middleweight titlist and told him: "I hope you win the world title." The gesture from Benn came after an all-British title fight on Sunday which Watson won
      AP  -  209 words
    • Article, Illustration
      Lock icon Bulls no longer a one-man team
      431 16 BASKETBALL AP PLAYING for the Chicago Bulls used to be easy: pass the ball to Michael Jordan and get out of the way. But those days are gone and the Bulls, no longer a one-man team, are suddenly a force in the National Basketball
      AP  -  431 words
    • Article
      Lock icon Defence is the key word
      200 16 AP JAMES WORTHY was very offensive in Los Angeles series opening victory over Phoenix, but he says defence will be the key in the Lakers-Suns National Basketball Association Western Conference showdown. "Both teams respect each other and both teams are prepared,'' Worthy said as the
      AP  -  200 words
    • Article
      Lock icon Top honours for Magic Johnson
      300 16 AP MAGIC JOHNSON, who led the Los Angeles Lakers to their eighth consecutive division title this season, was honoured with his second National Basketball Association Most Valuable Player Award on Tuesday. Johnson, also the league's regular-season MVP in 1987, this time edged Michael Jordan of
      AP  -  300 words
    • Article
      Hongkong pulls off sensational upset
      360 16 BRIDGE IN THE first round-robin match of the Far East Open Bridge Championships Open Teams event. Singapore did well to come from behind at the half-way stage and beat the Philippines 19-11. But the sensation of match one must be the defeat of host and
      360 words
  • Page 16 Advertisements
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      313 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BYGGELIT TRADING (S) PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At the Extraordinary General Meeting 1 of the members of BYGGELIT TRADING (S) PTE LTD duly convened and held at 101 UPPER CROSS
      313 words
    • Advertisement
      Page 16 Advertisements Column 2
      242 16 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Pacific King Charters Pte Ltd of 115-D Somerset House, Somerset Road, Singapore 0923 hereby give notice that in consequence of purchasing the steel barge "Five Oceans IV" we have applied to the registrar of Singapore Ships, under Section 386 of the
      242 words
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      Page 16 Advertisements Column 3
      162 16 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME NOTICE IS HEREBY GIV EN that in consequence of the intended purchase by our principals of the ship mentioned below, we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chap ter 179) in respect
      162 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon A few grey clouds heading SIA's way
      559 17 mxiM mm™ HOCK LOCK SIEW SINGAPORE AIRLINES" remarkable performance was not unexpected. Since its inception, the national carrier has leapt from strength to strength, breaching the billion-dollar mark in pre-tax profit for the first time in the latest financial year ended March 1989.
      HOCK LOCK SIEW  -  559 words
    • Article, Illustration
      Kamunting provides details of KSM's assets to KLSE
      553 17  -  By WILLIAM CHIA KAMUNTING CORPORATION, which offered to buy the entire assets of defunct cooperative Koperatif Serbaguna Malaysia (KSM) for M 5592 million recently, has provided a breakdown of KSM's assets. Kamunting, which valued KSM's 29 per cent stake in Mul-ti-Purpose Holdings
      553 words
    • Article
      Y K Pao firm involved in Supreme House deal
      414 17  -  By LEE HAN SHIH Property Correspondent WORLDWIDE INVESTMENT (WWI), a family company of Hongkong shipping tycoon Sir Y K Pao, has emerged as the third party which will take up a one-third stake in the $168 million Supreme House purchase. WWl's
      414 words
    • Article, Illustration
      Paul Sun pays $123 m for Tai-Pan Ramada
      626 17  -  New owner to upgrade hotel, employ existing staff By KEVIN GWEE JAPAN-BASED Chinese businessman Paul Sun is finally getting his hands on the Tai-Pan Ramada Hotel, but not the company, Hotel Tai Pan Ltd (HTP). After months of market speculation, Mr Sun,
      626 words
    • Article
      NST group profit falls 42 per cent
      242 17 NEW STRAITS TIMES PRESS (M) Bhd has reported a 42 per cent drop in group profit after tax and minorities to M 56.26 million on an almost unchanged turnover of Mslll.l million for the six months ended Feb 28, 1989. At the pre-tax
      242 words
    • Article
      Sing Investments profit jumps to $3.3 m
      249 17 SING INVESTMENTS Finance Ltd has ended its 1988 financial year with group profit after tax and minorities of $3.38 million compared with $1.08 million previously. This was despite a marginal 5 per cent drop in operating revenue to $12.95 million ($13.56 million). Investment
      249 words
    • Article
      STPB extends tender for Lazarus Island
      218 17 THE SINGAPORE Tourist Promotion Board (STPB) has extended the Lazarus Island tender to the end of the year, Shangri-La Hotel said in a statement to the Stock Exchange of Singapore yesterday. According to Shangri-La, STPB has extended the validity period of the tender to
      218 words
    • Article, Illustration
      City Dev working on nine property projects
      529 17 CITY DEVELOPMENTS Ltd. confident of a strong property market this year, has a total of nine projects in the pipeline to keep the group busy. Among them are five residential projects and three commercial projects, the biggest of which is the mammoth Republic
      529 words
    • SES
      • Article, Illustration
        Bargain hunting helps to whittle down early losses
        1126 18  -  By HERMAN PHUA A SPATE OF short-covering and bargain hunting in the afternoon took the local bourse off the morning session's lows in a day of volatile trading. The Straits Times Industrials Index was down 17.48 points to 1,275.26 at the end
        1,126 words
      • Article
        Unit trusts
        177 18 Managers' prices for May 24 Singapore Unit Trust Th# Commerce T)m Savings Fund Spore Prog Fund Spore Sec Fund Spore ln*e»t Fund S'pore Equity Fund 1.12 u»* 100 106 045 049 0.77 082 082 087 054 0 58 Asia Unit Trust Moi Invest Fund Mol frog Fund Mol
        177 words
      • Article
        COMPANY MEETINGS
        49 18 NATIONAL IRON AND STEEL MILLS LIMITED: 29th AQM at #46-01. 6 Shenton Way, DBS Building, Singapore 0106, today at 2 30 pm SINGAPORE NATIONAL PRINTERS LTD: 15th AGM at The Westin Stamford Westin Plaza, Orchard Room, 4th Floor. 2 Stamford Road, Singapore 0617. tomorrow at 11.00 am.
        49 words
      • Article
        SES SHARE INFORMATION
        5960 18 Gr's Gr's 1989 Tel Last Vol Day Last Quote Dlv Dlv Y'ld Net M Cap High Low Cod* Company Sala +or(•000) High Low Buyer Seller C'vr P/E $m!l MAY 23 SESDAQ 168 120 t 4000 Amtek Eng 20* 154 -1 1 154 154 154 155 10.ON 7.1
        5,960 words
    • KLSE
      • Article, Illustration
        Blue chips suffer losses
        3542 19 SHARE prices were taken lower for the second consecutive session on the Kuala Lumpur stock market yesterday in moderate trading. Trading on 40 property stocks was computerised yesterday and this boosted turnover for the sector to 3.813 million shares worth M 54.22 million against 2.998 million
        3,542 words
    • REGIONAL MARKETS
      • Article
        Lock icon Thai Airways turns in record profits
        477 20 Management opposes privatisation AFP RECORD PROFITS have Thai Airways awash in cash but the airline's management opposes a move by Bangkok to have the state-owned carrier go partially public. Senior Thai Airways officials said on Monday that the airline set profit records last year,
        AFP  -  477 words
      • Article
        Lock icon Owners hope to float Air NZ by October
        268 20 Reuter BRIERLEY INVESTMENTS LTD <BIL) is hoping to publicly list Air New Zealand Ltd by October. "(We) will immediately begin working through the quite complex planning and implementation stages of the placement which we expect will see the shares placed and publicly
        Reuter  -  268 words
      • Article, Illustration
        Lock icon Share prices fall
        629 20 Tokyo Reuter A SURGE by the US dollar against the yen yesterday knocked the main Tokyo share index down over 400 points in early trade and held it there most of the day in light trade before a partial rebound on late buying. A weak yen could
        Reuter  -  629 words
      • Article, Illustration
        Lock icon Market consolidates
        530 20 Australia Reuter AUSTRALIAN stocks closed slightly firmer yesterday as the market consolidated recent gains made on the lower Australian dollar, brokers said. At the close of floor trading, the All Ordinaries Index was 3.1 points higher at 1,582.6. Brokers said that apart from News Corp, which soared 60
        Reuter  -  530 words
      • Article, Illustration
        Prices sharply up in massive volume
        1323 20 Hongkong HONGKONG STOCKS rebounded sharply in massive volume yesterday on favourable news about the unrest in China after prices plunged on Monday. The Hang Seng index closed 261.08 points higher at 3,067.65. It lost 339 06 points on Monday to 2.806.57. Brokers said reports
        1,323 words
      • Article
        Lock icon Bangkok: Profit-taking
        235 20 Reuter THAI STOCKS closed lower yesterday on active profit-taking in the market's first correction after a week of sharp advances, brokers said. The decline was led by construction and mining blue chips, while bank issues were largely unchanged. The SET Index fell 5.57 points to 534.61, with los-
        Reuter  -  235 words
      • Article
        Lock icon Manila: Selling eases
        183 20 Reuter SELLING PRESSURE eased yesterday and a few shares firmed amid a lack of fresh reports about ex-president Ferdinand Marcos, backed by a rebound in the Hongkong market. The Manila Stock Exchange composite index closed marginally lower at 1,045.12 points against Monday's 1,045.70. Analysts said buying remained
        Reuter  -  183 words
      • Article
        Lock icon New Zealand: Higher close
        172 20 Reuter THE NEW ZEALAND share market firmed in afternoon trading to close higher overall yesterday, but volumes were thin and the prices of most blue-chip stocks barely moved. The Barclays Index rose 8.95 points to 1.947,69. Dealers said sentiment favoured the market doing very little, especially
        Reuter  -  172 words
      • Article
        Lock icon Taipei: Rally continues
        415 20 Reuter SHARE PRICES in Taiwan yesterday rallied further in volatile trading to end at a record high and on record one-day turnover, brokers said. The weighted index rose 89.87 points, or 0.96 per cent, to close at 9,221.47 compared with Monday's 9,131.60 finish. Turnover rose to a
        Reuter  -  415 words
      • Article
        Lock icon Bombay: Strong rally
        183 20 Reuter BOMBAY share prices recovered from early losses yesterday to rally strongly at the close on heavy speculative demand, brokers said. They noted that the recovery was supported by technical considerations caused by a shortage of floating stocks. "With book-closures by companies, there is sharp contraction of
        Reuter  -  183 words
      • Article
        Lock icon Seoul: Thin trading
        98 20 Reuter SEOUL STOCKS slumped across the board in lethargic trading yesterday as sidelined investors waited for buying incentives, brokers said. The composite index closed at 924.59, down 5.44 points. Trading volume fell to 126.1 billion won from 160.5 billion on Monday. Falls led rises by 404 to
        Reuter  -  98 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Blue chips slightly higher
        819 21 New York Reuter PROFIT-TAKING on Monday whittled away at a recent US stock market advance. leading blue chips to a mildly higher close. Traders said weakness in a few technology issues also curbed the market's advance. The Dow index finished up 0.92 point at 2,502.02. Gainers
        Reuter  -  819 words
      • Article, Illustration
        Lock icon Equities open weaker
        929 21 London Reuter LONDON SHARES were weaker yesterday morning in quiet trade with operators concerned about the possibility of higher interest rates in Europe. Dealers said speculation that a rising dollar could force a rise in West German and Japanese rates has worried the UK market after recent
        Reuter  -  929 words
      • Article
        Lock icon London exchange rejects major changes
        483 21 Approved report expected to favour established firms FT LONOON's Stock Exchange Council on Monday rebuffed proponents of radical change in the exchanges market making system by approving a draft report which is said to favour established firms rather than newer, often foreign-owned, competitors. Only "one
        FT  -  483 words
      • Article
        Lock icon Plessey offers GEC options on telecom firm
        463 21 Reuter PLESSEY CO pic has told General Electric Co Pic that it is willing either to sell its stake in a telecommunications company it runs jointly with GEC or buy out GEC's interest. Plessey managing director Stephen Walls told an annual results' news
        Reuter  -  463 words
      • Article
        Lock icon Time, Warner all set for merger
        271 21 Reuter TIME INC and Warner Communications Corp have removed a key stumbling block to their proposed merger by neutraliaing the opposition of Warner's shareholder, Chris Craft Industries Inc. "The odds are now enhanced that the Time-Warn-er transaction will go through," said media analyat Peter
        Reuter  -  271 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1306 21 Reuter MILAN: Italian shares closed mixed yesterday on concern over the continuing political crlais. with insurance stocks losing ground, dealers said. The MIB index closed up 0.10 per cent, with blue chips reversing their earlier buoyant tone to close generally mixed to lower. Generali fell 225 lire
        Reuter  -  1,306 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      257 17 si HONG FOK CORPORATION LIMITED (Incorporated in the Republic of Singapore! NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT Ihe Twenty First Annual General Meeting of HONG FOK CORPORATION LIMITED will be held at the Company's Registered Office at 360 Orchard Road, #07-08 International Building, Singapore 0923, on
      257 words
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      Page 17 Advertisements Column 2
      69 17 CURRENCY INVESTMENT AMERICAN EXPRESS HANK TEL: 321 3333 AEROLEASING FAR EAST 1 ANYTIME, ANYWHERE, YOUR PRIVATE JET IN ASIA. CALL 24 HOURS A DAY FOR CHARTER 733 5324, 733 5334 Europe s No. 1 air-taxi operator is now offering its services from Singapore: corporate travel, leisure, medivac and diplomatic flights;
      69 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      493 20 THE NEW STRAITS TIMES PRESS (MALAYSIA) RERHAD (Incorporated m Malaysia) INTERIM REBULTB The Directors are pleased to announce the unaudited results of the Company and of the Group for the half year ended 28th February 1989 as follows: First half year ended First half year ended 28th Feb. 28th Feb.
      493 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      10 21 Zurich prlcaa wara no! available On target, CHARTPOINT every Saturday
      10 words
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      Page 21 Advertisements Column 2
      154 21 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME NOTICE IS HEREBY GIVEN that In consequence of the intended purchase by our principals of the ship mentioned below, we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179) in respect of
      154 words
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      Page 21 Advertisements Column 3
      678 21 HONG FOK CORPORATION LIMITED (Incorporated in the Republic of Singapore) (A) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at the Company's Registered Office at 360 Orchard Road, #07-08 International Building, Singapore 0923, on the 15th day of
      678 words
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  • Article, Illustration
    Mt Elizabeth Hospital owner plans to expand operations in S'pore
    580 22  -  BG LEE's VISIT TO THE US By JEFFREY TSANG THE OWNERS of Mount Elizabeth Hospital have ambitious plans for Singapore which include the expansion of facilities, the setting up of a foundation for cancer research and the building of a
    Photo by WONG KWAI CHOW  -  580 words
  • Article
    Japan Asean Investment Co attracts enquiries
    184 22 Bernama THE JAPAN ASEAN Investment Co (JAIC), which was set up to assist development in Asean countries with capital from Japan, has received many enquiries from inside and outside Japan, says JAIC president Teiji Imahara. He added in an interview with Tradescope, published by
    Bernama  -  184 words
  • Article, Illustration
    Top M'sian banker tipped to head MUI
    564 22  -  By ELAINE KOH PROMINENT Malaysian banker Malek Merican has been tipped to be the new chief executive officer of Malayan United Industries as part of a wide-ranging change in the top management of the diversified group following the entry of IGB Corp as
    564 words
  • Article
    Bring back excess funds, KL banks told
    315 22 MBT BANK NEGARA, in a move to further shore up the ringgit, has directed banks to bring back excess funds deposited overseas. Banks are to maintain just enough funds abroad for their operations. The directive, issued recently, has resulted in banks selling foreign
    MBT  -  315 words
  • Article
    Comex gold
    86 22 Reuter COMEX GOLD FUTURES were marked up early yesterday in reaction to the dollar's profit-taking correction from a jump on Monday to the highest in more than two years. In a quiet market, June gold went ahead US$3 at U*****.70 an ounce, rebounding from a drop on Monday
    Reuter  -  86 words
  • LATE FILE
    • Article
      M'sia to replace NEP at meeting
      51 22 Bernama THE 150-member National Economic Consultative Council, set up to help formulate a post-1990 national economic policy, began its fifth meeting in Kuala Lumpur yesterday. The two-day meeting is expected to deliberate on a new policy to replace the present New Economic Policy (NEP).
      Bernama  -  51 words
    • Article
      Malay as Asean official language?
      60 22 Bernama MALAYSIA will suggest the use of Malay as an official language of Asean when the group s information ministers meet in Jakarta today, a government spokesman said. Information Minister Oatuk Mohamad Rahmat told reporters that although English was the official language of Asean, it
      Bernama  -  60 words
    • Article
      Bail granted in bank fraud
      43 22 Bernama LAWYER Che Man Che Mud, charged in connection with the M 522.2 million Bank Negara fraud, was granted hail yesterday when the high court allowed his appeal against the sessions court decision denying him bail earlier. Bernama
      Bernama  -  43 words
    • Article
      Recruit probe draws to a close
      40 22 Reuter THE long probe into Japan's biggest postwar political scandal appeared to be drawing to a close yesterday but some of those most deeply involved were slipping through the net despite investigators' best efforts.
      Reuter  -  40 words
    • Article
      Tel Aviv rejects Baker's call
      33 22 Reuter ISRAEL yesterday rebuffed a call by US Secretary of State James Baker to renounce dreams of a Greater Israel and halt Jewish settlements in occupied areas. Reuter
      Reuter  -  33 words
    • Article
      Egypt returns to Arab League
      37 22 Reuter MANY Egyptians expressed pride yesterday at their country's return to Arab summitry after a 10-year break, but others questioned whether it meant Arab bounty would flow into the impoverished nation. Reuter
      Reuter  -  37 words
  • Article
    Opec vital for stabilising supply and prices: Suharto
    183 22 AFP INDONESIA still considers the role of the Organisation of Petroleum Exporting Countries (Opec) as important in stabilising prices and supply. President Suharto said in Jakarta yesterday. Mr Suharto said his nation remains committed to the international grouping of oil producers, which
    AFP  -  183 words
  • Article
    EC to hit back through Gatt if US imposes sanctions
    352 22 Reuter THE EUROPEAN Community will hit back at the United States through Gatt if Washington announces trade sanctions against the EC on July 5, an EC spokesman said. The date is the deadline by which US Trade Representative Carla Hills
    Reuter  -  352 words
  • Article
    MAS to buy medium-range aircraft
    223 22 Bernama MALAYSIA AIRLINES (MAS) has decided to purchase seven to eight medium-range aircraft to replace its DC-10s and airbus A3oos in 1994, its managing director, Tan Sri Abdul Aziz Abdul Rahman, said yesterday. He said the national carrier had narrowed its choice to buy either
    Bernama  -  223 words
  • Article
    Indonesia waives controversial oil tax after seven weeks
    199 22 AFP THE Indonesian government yesterday said it was waiving a controversial value-added tax (VAT) on various oil support services, less than two months after its imposition. Finance Minister Johannes Sumarlin said after meeting President Suharto that a presidential decree had exempted from
    AFP  -  199 words
  • Article
    Jakarta to seek support for Cambodia solution
    214 22 Reuter INDONESIA will press the Soviet Union and China for their support in finding a solution to the Cambodia problem, Foreign Minister Ali Alatas said yesterday. "We will urge Moscow and China to help in a concrete and constructive way the process of
    Reuter  -  214 words
  • Page 22 Advertisements
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      151 22 WHY STMU AT THE BOTTOM WHEN YOU CAN START ATTHETOE No query is too small to demand the attention of our decision makers. You can be assured of the immediate personal attention you deserve at the top. Enquire about all our services. Residential and Commercial Property Loans Hire Purchase and
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      3 22 See PAGE 5
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      111 22 The silver report was not available at press time AUSTRIA STYLE '90 SINGAPORE TTO May 24th 26th, 2.00 p.m. 6.30 p.m. Centurv Park Sheraton Fabrics Garments Accessories Participating Companies APPAREL FABRICS GETZNER TEXTIL RHOMBERG TEXTIL SCHIELSEIDE READY TO WEAR MAKWANA EMBROIDERIES AND LACES ANTEX L lIEINZLE DANIEL METZLER S ERBEN
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  • SHIPPING TIMES
    • POTR SIDES
      • Article
        New reefer ship for CB Marine
        111 23 SEA CONTAINERS recently delivered new reefer containers to C B Marine and Engineering for their inaugural sailing on the Singapore to TownBville service, via Papua New Guinea. Sin-gapore-based Sea Cold Technologies Re Ltd, a wholly-owned manufacturing subsidiary of Sea Containers Ltd has been manufacturing
        111 words
      • Article
        Port loan for Pakistan
        101 23 AFP THE World Bank has agreed to provide US$B3 million to Pakistan for a four-year programme to modernise Karachi port, officials said. The project, with a total cost of US$l26 million, envisages construction of a 75,000 dwt (deadweight ton) liquid products marine terminal by 1993, increasing
        AFP  -  101 words
      • Article
        Filipino crew stranded
        98 23 AP MORE THAN 100 striking Filipino crew were stranded after their ship, Black Prince, sailed out of the harbour on Sunday, reports said. The National Board of Navigation said it would consider taking legal action against the Philippine Binta Maritime Company, which owns the luxury liner, after
        AP  -  98 words
      • Article
        120 missing in ship mishap
        74 23 Reuter THIRTY people were killed and more than 120 are missing after their ship capsized in rough seas off the Indonesian resort island of Bali, an Indonesian search and rescue official said. About 167 people were rescued and the search was continuing, he said. The
        Reuter  -  74 words
      • Article
        Hamburg maintains growth
        82 23 Containerisation International THE PORT of Hamburg has maintained its record of annually improving container throughputs by a substantial margin. During 1988, throughputs increased by 11.2 per cent to 1.62 million TEU, compared with 1.45 million TEU in 1987. Hamburg maintained its position as Europe's second largest container
        Containerisation International  -  82 words
      • Article
        Collision in Houston channel
        45 23 Reuter THE 13,120 dwt Turkish-registered vessel Dicle and the Liberian 76,284 dwt bulk/oil carrier Dodsland collided in the Houston Ship Channel, Lloyds Shipping Intelligence said. It said the Dido, inbound to Houston, suffered extensive shell plate damage to the bow. Reuter
        Reuter  -  45 words
    • Article
      Index to advertisers
      1017 23 A Wm) Mann* XH 3 ABBS Una XII «/5 ABC Containarlina XI 5 Accord Shpg vm 3/4 An XM 3 Ahrankiai linar XII 5 AC Toapiar XM 5 Arrow liaas JO Assoc Corrioga XM S ANl M 1/2 AfC Una V* 4 AH V 3-5 ASCI V
      1,017 words
    • Article
      PSA to spend $870 m on P Brani's first phase project
      397 23 SOME $870 million will be spent by the Port of Singapore Authority (PSA) on the initial phase of the Pulau Brani container terminal development. This covers the construction of the terminal's five main berths and a four-lane causeway link.
      397 words
    • Article, Illustration
      Pasir Panjang complex will cost $52m
      536 23  -  By RAHITA ELIAS THE PORT of Singapore Authority (PSA) is spending some $52 million on a distribution complex at Pasir Panjang. The budget includes construction of a new three-storey building as well as other associated costs. Sources said the propoeed Pasir Panjang Distripark will
      Source: Port of Singapore Authority  -  536 words
    • Article
      Evergreen to set up factory at P Gudang
      135 23 Bernama A TAIWANESE shipping company. Evergreen, has agreed to invest between M$54 million to M$81 million to set up a factory to make containers at the Pasir Gudang industrial area next year. Johor Menteri Besar Tan Sri Haji Muhyiddin said another company
      Bernama  -  135 words
    • Article
      Agencies to introduce documentation fee for preparing bills of lading
      283 23  -  By JEAN FOONG FROM June 1, all accredited shipping agencies in Singapore will, for the first time, be authorised to charge a standard documentation fee for "cutting" a set of bills of lading. This was decided by the Singapore National
      283 words
    • Article, Illustration
      Bright outlook for Norwegian shipping
      1060 24 Seatrade CREATION of the Norwegian International Ship Register and the recovery in the bulk and tanker markets coincided to produce a startling turnaround for Norway's shipping industry. With most sectors of the Norwegian economy at best flat, shipping seems like a money spinner and a
      Seatrade  -  1,060 words
    • Article
      Weekly freights
      668 24 AFP AFTER reaching fresh all-time highs early in the week on strong Soviet chartering activity, the freights market edged back ahead of the weekend as grain rates eased. The Baltic International Freight Futures Exchange's (Biffex) Baltic Freight Index (BFI) cloeed four points down on the week at 1,744,
      AFP  -  668 words
    • Article
      Trans-Pacific groups confident of strong westbound liftings
      905 24 The Journal of Commerce CONTAINER shipping lines operating between the Far East and the United States are reporting terrific volumes on the export market and a checkered picture on the import market. "Weetbound, we see good movement. It's pretty strong," said Y Ishiguro.
      The Journal of Commerce  -  905 words
    • Article
      Congestion surcharge postponed
      232 24  -  ■y Florence Chong A CONGESTION surcharge, due to come into force next week, at all ports in the eastern states of Australia has been postponed to next month. The Australia to Europe Shipping Conference initiated the surcharge as a financial solution to overcome the cost to shipping
      232 words
    • Article
      Who acts for whom ...
      2315 24 Who acts for whom A —B AB Shipping Boustead Shpg Agencies (S) ABBS Lin* SMS Pte Ltd (S)/Tunas Setia (PK/KL) ABC Containerhne NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Line (PK/PN) Ahrenklel Liner Kim Shpg (S) Alfred C Toaptar Ocaanua Shipping Agency (S)/Multiport Sdn Bhd (PK)
      2,315 words
    • Article
      Deadlock in Aussie port reform plan
      357 25  -  Florence Chong THE grand plan of the Auatralian government to reform the trouble-plagued waterfront appears to be doomed, in spite of a series of intense negotiation lasting over two weeks. According to industry sources, employers and the Waterside Workers Federation are deeply divided on
      357 words
    • Article
      London Freights
      1423 25 MOST SECTORS of the single voyage dry cargo freight market saw moderate activity on Monday, and the Baltic Freight index dropped 14 points to 1,730. Broken said the withdrawal of the Soviet Union from the Atlantic market Friday could see freight ratee eaae from their unusaliy high levels
      1,423 words
    • Article
      SHIPPING LIST where your ships are due...and when
      9674 32 AARHUS Noraaia Pearl. Noraaia Line. May 24 Oaaka Bay. Triot, May 2S(PK). Maersk Parle. Maersk Line. May 25. Ming Plenty. Yang Ming. May 27. An He. China Oceen Shpg. Mey 28. Ever Glowing. Evergreen. Mey 26. N Delft. ScenDutcht. May 29. Arthur
      9,674 words
    • Article
      SHIPS IN PORT
      1257 36 AT CONVENTIONAL WHARVES VMM) Voy No Bwl Ii Arrival D*|Mrtu *wo«gnl Uod (BAOI KI4 OlOAQIldt 24.06/ 1200 Coral Pcoss 479 m K36 olongsido 2&06/ 1000 ii/m K20 otoogndo 2406/0700 IflOtefcwQ am KI9 olongsido 2305/ 2300 7/WC K20 OlOAQSld# 2105/ 1800 Ko H#og 8KB K30 28.QV -yYln Kola
      1,257 words
    • Article
      Exxon Valdez s former captain indicted on three felony counts
      296 36 AP A GRAND JURY has indicted the former captain of the Exxon Valdez on three felony counts for his role in America's worst oil spill. Joseph Hazelwood was charged with three counts of second-degree criminal mischief, said District Attorney Dwayne
      AP  -  296 words
  • Page 23 Advertisements
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      0 23 &+;{@[`$\"=">@>]"}/:<?}<_=.%]<<
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      18 23 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. Vvt®™r*y
      18 words
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      Page 23 Advertisements Column 3
      244 23 "The Illustrated Encyclopedia of Wildlife" Fortnight Itf at all good bookshops and news-stands. w ildlije W\ STP DtetrtbutofJ Fa in someone overseas about Sngapore. ?£> Go vtc^, s The Straits Times Weekly Overseas W Edition. It's the weekly .£1 newspaper, printed on light Country: weight paper in convenient I £22
      244 words
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      Page 23 Advertisements Column 4
      98 23 Norwegian shipping CREATION of the Norwegian International Ship Register and the recovery in the bulk and tanker markets coincided to produce a startling turnaround for Norway's shipping industry. PAGE N Deadlock in Aussie port plan THE grand plan of the Australian government to reform the trouble-plagued waterfront appears to be
      98 words
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      113 24 FAR EASTERN FREIGHT CONFERENCE SARAH. BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GOLF OF ADEN AND RED SEA PORTS CONFERENCE Notice to Shippers Currency Adjustment Factor A review of the latest currency values in May 1989 has resulted in a radical downward adjustment of the Currency Adjustment Factor from Singapore and
      113 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1364 25 Lsl Pc'tlicrtK'tl Cjnolity iH!rvi< c Jordmes RAINBOW BRIDGE 17 OOCI FREEDOM 24 OOCI FAITH U NEPTUNE JAM II OOCI FRIENOSMIP 13 JAROINC SHIPPING AGENCIES »0 Carton*** Road *12 06 South***. Smapara OoO* W *****11 Illl* NO RS ***** «RNINAL/C« Tat *****11 720 SOWINGS M 32T0J4 2» KWU JMMM SNIPPING AGENCIES
      1,364 words
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      Page 25 Advertisements Column 2
      1087 25 MAERSK LINE DESTINATIONS METTE M LARS M LAURA M REGINA M LEXA M MCKINNEY M LEDA M TNa week Margreth* M Closing Time CY 29/5 2300 MRS CFS 29/5 1300 MRS 25/5 26/5 1/6 2/6 8/6 9/6 15/6 16/6 22/6 23/6 29/6 30/6 6/7 7/7 13/7 14/7 17/6 IM 21/6
      1,087 words
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  • Page 26 Advertisements
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      725 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON NIPPONCA OSAKA BAY TOCAGA BAY KAGA HEIDELBERG EXPRESS HARTFORD EXPRESS MONTE ROSA ALASKA MARU ALSO ACCEPTING CARGO Tft ALL UK INLAND ST| NATIONS, B£LFAST, DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MALMO, HELSINKI, OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT MONTE ROSA
      725 words
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      Page 26 Advertisements Column 2
      350 26 V COLUMBUS LINE REEDERE! GMBH SERVICE Of MAVBURG SOD E'PCf SS StMk-: >T*J€P SfcPVXE S POKE RON/ADAM HBG HULL (U.K.) 12* 11/7 13/7 11/7 W lui u* m W 12/9 11/9 21/9 SPOKE 27/5 Port Moresby, Lao, Rabaul, 12/6 Port Moresby, Lm, Rabaul, Kimbe, Orotoay (Direct) SVS SOOE'E MAURIC'ENNE DE
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      Page 26 Advertisements Column 3
      813 26 NORASIA PEARL 8910-3 NOR ASIA PRINCESS Mll-3 NORTH SEA 912-W NORASIA SINGA »13 3 REQUtARWmemiDCNT FULL CONTAINER SERVICE TO EUROPE (VIA FEEDER) NORASIA PEARL <910-3 a/5 zjs SS S* Jy? Si 2M a» MS NORASIA PRINCESS Mll-3 1* 2fi 4/S a* jn 37 7 Tn NORASA"nCA'W3-3 H/6 3/6 S U7
      813 words
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      1136 27 Steamers Maritime Holdings Ltd P&O Containers 1 CONTAINER SERVICE TO UK CONTINENT NtPPOIICA OSAKA BAY KAGA rOLAGA BAT KOWLOON BAT MtIDJBfW EXPRESS HARTFORD EXPRESS MONTE ROSA Also Accepting Cargo Fof: to Copentefon. Aarhut. GotNontiurt. Malmo. Stockholm. Htlunki. Sandefburi 10 Antwerp. Amsterdam (Mo. Bule. Zurich Bremenhaven to Bremen Southampton to all
      1,136 words
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      Page 27 Advertisements Column 2
      1338 27 TaXHO YANG LINE »wrn CHOYANC SUCCESS 003W HANJIN TONCHAt OMM HANJIN ROTTERDAM OOJW CHOYANC CHANCE OUW WEEKLY EXPRESS INOEPENOENT FAR EAST/EUROPE FULLY CONTAINERISED SERVIC EASTBOUWD Alto accepting for Inland UK destinations Antwerp Mid Scandinavian ports Ldg for HK/KAO/KOBE/YOKO/BUSAN fLOTA MERCANTE GR ANCOLOM 61 AN A S.A COMPANIA ANONIMA VENEZOLANA OE
      1,338 words
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      434 28 V mSINOSE MARITIME PTE LTD EI ISLAMIC MPUBLIC Of IRAN SHIPPING LINKS IRANIAN mVICE IRAN BAYAN PJL/00 Singapore Loading for: 27/8 BANDAR ABBAS KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL KYOWA VIOLET V.H KYOWA HIBISCUS V 37 LOAD FOR GUAM. SAIPAN, HRA. VILA. NNA. LTK. SVA. PAGO. APIA GUAM. SAIPAN
      434 words
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      Page 28 Advertisements Column 2
      804 28 HANJIN SHIPPING CO., LTD. t V .••"'N TMNERISE: ~FtT. |TO USA PACIFIC SOUTH WEST CHOYANG SUCCESS 003W 27,5 HANJIN TONGHAE OMW 3/6 HANJIN ROTTERDAM 003W 10,6 CHOYANG CHANCE 042W l/; 6 S pore I LeMavre R'djin H'bur| B'haven Fitoiee 14(6 IV6 16/6 It/6 1M 21/6 22/6 23/6 m 26/6 28/6
      804 words
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      Page 28 Advertisements Column 3
      701 28 EVERGREEN Full Container Service Round-The-World East Bound fFE/CARIB/USEC/EURO/FE) tVIR GROWTH 25*5 26*5 31*5 31*5 04*6 07 *6 01/ IVER GRAND m XV. V|K DM t» U|K IV ever greet 12m 1 m tim rm not EVER GOLDEN 19*6 20*6 20*6 26*6 334) 05/ IVtR GLOBE ***** 27*6 05*7 03/07 07*7
      701 words
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      895 29 sxv PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES FAR EAST ACCEPTING MURURAN/ TOMAKOMAI/HITACHI CARGO VIA HKG JAKARTA BANGKOK VESSEL SEA HAWK SEA HAWK HAI GUANG SEA HAWK MAJAPAHIT SURABAYA/SEMARANG XINGANG VESSEL SEA PEARL SEA PEARL SEA PEARL SEA PEARL BELAWAN/STRAITS VESSEL SEA
      895 words
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      Page 29 Advertisements Column 2
      61 29 THONG SOON CONVENTIONAL SERVICES SINGAPORE TO PENANG SINGAPORE TO SABAH PORT SINGAPORE TO SURABAYA THONG SOON LINES PTE. LTD. #09-07, ROBINA HOUSE S'olo6 ITS AN HONOUR TO SERVE YOU PLEASE CALL: *****88 FAX NO: *****41 THONG LEE EXPRESS SHIPPING TCL 333 1713 (5 Mn«» TI.X J3031 »AX PTE LTO 5336
      61 words
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      Page 29 Advertisements Column 3
      499 29 vrft BEN LINE CONTAINERS ROAM MAI IW —2? *> WJ w a<7 My. w w uu w I w w |no nn jui i,i EXPRESS CONTAINER SERVICE FROM UK/CONTINENT NAM 0 HAVf N R DAM HAVRI STON [VALANC VPOWTIFOH E.p Sa.lod SaHod Sailed H/S AAO Mont. Ro«a Sa.lod Sa.lod Saikd
      499 words
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      Page 29 Advertisements Column 4
      390 29 If DJASAGETRI A Joint Europe Service Of: P.T. DJAKMTA LLOYi P.T. 6ESUM LLOYD P.T. SMHBIIA IWOKSIA P.T. TMKOM LLOYI SEMI CONTAINERSIIip SERVICES S SINGAPORE TO EUROPE VSL/VOY SPORE ANTWERP H'BURG/ oimilßil^D RDAM/ADAK BREMEN SRIWIJAYA/26W8 9-12/6 1/7 13/7 S PANJANG/22 WB 17-W/6 13/7 IS7 KUTAI/17WB UKaoe 26/7 31/7 09,90 to Caoabtonca.
      390 words
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      Page 29 Advertisements Column 5
      502 29 BOUSTEAD SHIPPING AGENCIES PAGAN VI4IW 101KAW VI46W HTONEYWA V24BW PA AM VI39W MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 27/28 May V iun 10/1? Jut i BANK LINE SEMI-CONTAINER SERVICF NORTHBOUND TO UKC SPORE RDAM HMBG HULL IVYBANK V24N 15/6 14/7 IS/7
      502 words
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      807 30 W® RAINBOW BRIOGE OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP Kline KAWASAKI KISLN KAISHA. LTD. N. AMERICA-ATLANTIC COAST RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP VOY LB 17 15/4 •PK/PNG *INDO N. AMERICA PACIFIC SOUTH-WEST 26/5 1/6 8/6 15/6 CHICAGO NYC 22/6 25/6 29/6 2/7 6/7 9/7 13/7 16/7 N.
      807 words
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      Page 30 Advertisements Column 2
      523 30 2 <22 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore P Kaiang Penang loading tar. Mother W By Feeder By Feeder LATAPI V.C3H 2 June Kandta Bombay ILIDAS V.42H II Inn* 5 June 5 June ColumDa, Handle Bombay ILSIOAS V 41H JMy 11
      523 words
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      Page 30 Advertisements Column 3
      424 30 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23 Trio* Ar*f Street SINGAPORE 0104 TIL WIN (10 LINES) Fu U***** STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Colombo Kir»ch./ Cufa»< GOLDEN DON OCR Cokmbo/Ktndu/OulMi CHINA SERVICE •AI TUN SHAN Fiuliou/Stonatai S'pore P Kei»n| Pen»nj Mb, I<VU June TONGNINC A VESSEL CHINA OCEAN SHIPPING
      424 words
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      Page 30 Advertisements Column 4
      529 30 PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD -07-12 AFRO ASIA BUILDING SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 Willi EAST/F At EAST FCH LCL VESSEL I ETA SINGAPORE I DESTINATION w. u iw. n* nFtmSrß reiViMflrrW! JI DO AH (LCL) WEEKLY AQABA, HO Of 10 AH COLOMBO
      529 words
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      563 31 Agents S pore NEPTUNE AGENCIS PTE. LTD. Ganaral Bookings Bookings Inward/ Terminal Inqmm Ft EU/AUST TPA/SCA Outward *****22 *****77 27*5753 27K742 27*7844 *****19 *****16 *****11 *****4* (CR NO. **********0E) NEPIME SOW BHD Penan* 1 Bahru *****5 23*040 NEPTUNE ORIENT LINES LTD Perkaaa 76S Perkaaa 778 Perkaaa 7HS Perkaaa 79S Perkaaa
      563 words
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      Page 31 Advertisements Column 2
      164 31 hoc JE CONTAINER LINE f— A TEL; *****59 FAX *****83 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST SRI LANKA/ INDIA 3nn NEW ZEALAND/ AUSTRALIA nzz EUROPE/ UK NOW LOADING JAPAN NEW ZEALAND JE CNTR LINE (P KEIANG) TEL (03) 36? 1200 I JE CNTR LINE (PENANG) TEL
      164 words
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      Page 31 Advertisements Column 3
      508 31 1 DOHA* HEUNG-A SHIPPING Korean Flag Vessels SEW -CON'AINERISED 0I»£C KE„ANG PENANC KEELUNG SEPVICE TO BUSAN INCHON STRAITS/KOREA SERVICE Vessel s Name ETD BS S PORE PKLC KEE BUSAN MO GLORIAfIOSN 10/05 IN PORT 21-22/06 U-01/K 07 «/06 OS' 'ORAGNET/SOSN 21/05 J1 01/Ot 02 03/06 (HK) 16-17 K» 11f NO
      508 words
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      Page 31 Advertisements Column 4
      779 31 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 Tele* Numbers RS ***** RS ***** RS ***** PENANG P KELANG MESSRS MAI THONG SHIPPING 127 Penang Street. Pwant Malaria M/S HANOI INC SYSTEM CO SON
      779 words
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      Page 32 Advertisements Column 1
      358 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (34 Ims) FAX *****39/*****76 TELEX RS ***** A/B SSCMA RS ***** A'B SSCAO DSR-LINES m VEB DEUTFRACHT SEEREEDERE! ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND E. THAELMANN 4/89 T. WENOA 1* LHELM PtECK
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      Page 32 Advertisements Column 2
      75 32 T.S.K. line: MEKLY CONTAINE AISEO SERVICE iVI fH rixEC OAY ASRIVAI TSKLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. HAKUSAN H V6B ETA SIN 30TH MAT 19M. I KAOSHIUNG 4 DAYS KEELUNG 5 DAYS SPORE TOKYO "> SHIMIZU NAGOYA KOBE 8 DAYS EXPORTS TO SURABAYA TSKLINE AGENCIES (S) PTE
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      171 32 Ta Regional Weather I m V* t i i Va sc a w SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May 24. 1969 R T.mp«o»ur. X\ w Sho ff Wind deection with speed m knots n Wove height Cloudy Sky W+oce ore Mdicottd fey arrow* wkrek fly witk the
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      463 33 4> UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 cn a n ij mil oujj I j —\i I n ill 1 I n put I Algerian National Line FAR EAST I MEDITERRANEAN SERVICE S PORE LOADING FOR MV KSAR CHELLALA io/6 alger/oran/annaba/tunis ALL VESSELS ACCEPTING FCL
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      Page 33 Advertisements Column 2
      243 33 !RICHFIELD MARINE AGENCIES (S) PTE LTD TEL *****33 (10 Lines) FAX ***** 15 TELEX R3 ***** RISHIP (3 L.nes) s mip rttt *rr+ trrr rr-« m FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO SOUTH AFRICA DURBAN/JOHANNESBURG ACCEPTING BOTH FCL/LCL CARGO. PAKISTAN NATIONAL SHIPPING CORP., KARACHI. mJONESIA ft MALAYSIA KARACHI MIOOLE EAST
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      Page 33 Advertisements Column 3
      468 33 SIGMA EXPRESS (S) PTE LTD TEL *****44 FAX *****75 ACCEPTING CARGOES FOR: BANGKOK 25/5 BUSAN 28/5 BOMBAY 25/5 COLOMBO 24/5 CHITTAGONG 28/5 HONGKONG 26/5 CALCUTTA 30/5 MUARA/LABUAN/KK 24/5 KUCHING/SIBU 23/5 TOKYO/YOKO/KOBE 25/5 LE HAVRE/HAMBURG 28/5 FELIXSTOWE/R'DAM 28/5 KEELUNG/KAOSHIUNG 28/5 FREMANTLE 28/5 SYDNEY/MELBOURNE 28/5 LONG BEACH/LOS ANGELES 25/5 ALSO ACCEPTING CARGO
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      Page 33 Advertisements Column 4
      117 33 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE m "in tp VIETNAM RO/RO LO/LO SERVICE iMtiffifcfl Hamburg West Germany Tiger Line INDEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS SHUTTLE SINGAPORE CALCUTTA MV TIGER BAY, MV SUSAK BEN LINE AGENCIES (S) PTE. LTD. Telephone: 225 3522 Telex: RS ***** MAINFRBGHT (s)
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      Page 33 Advertisements Column 5
      54 33 DESTINATION ETA SINGAPORE^ TOKYO. KOBE, BUSAN (FCL ONLY) KARACHI. BOMBAY, COLOMBO (FCI ONLY) W* ABC CONTAINERIZE Nt I TO AUSTRALIA/NEW ZEALAND ac 3=ll Urm\ U DAT* TO MOMVINI! TO USA/CANADA FROM USA/CANADA/EUROPE/MEDITERRANEAN. agents ,15FA*GO SMPMG COmkMY (PH.) |A IS. HOE CHIANG AOAO. 13 02. SANFORO tUILOING. SINGAPORE 82M TEL *****72
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      60 34 23/6 GOODWAY CONSOI VIA SUVA TO: APIA PAGO PAGO TARAWA KIRIBATI NUKUALOFA TONGA RAROTONGA FUNAFUTI TUVLU SIN SUVA VSL: (TBN 0101) 9/6 lip Good way Agencies (Shipping) pte Ltd k T«l. *****46, *****17 T«fcr 3MIO F»« 74W530 S'PORE/TUTI/MALE MV. OMADHOO FORTUNE SINGAPORE (LOADING) 30-S-M AGENTS S PORE A WEST MARME
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      Page 34 Advertisements Column 2
      255 34 OcertiService LCL/FCL SERVICE TO/FROM 7TUZ 7777. SINGAPORE -".n.nn *****22 (22 LINES) Hum 13 Contact: Elaine Teo, Esther Yap. 21-*****4 a <5 LINES) REGULAR USER SERVICE MARINA 1 TIMOR ISLAND 10 SLALS LINER SERVICE JUNC M*niU EXPRESS ISBOUNO WEEKLY SVCS FROM ALL UMTCO KINGDOM CITIES/TOUTS l»"' FROM BUSAN nKM LOS ANGELES/ALL
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      Page 34 Advertisements Column 3
      280 34 C SAV :> .Lit. i ~M i* !*>>'> FEEDER SPORE f«OTHU VESSEL HK YOKO MICA KJQ ANTOf VALP SAI GTE vessel VI 3fi TM V.I7XX lift U tp w MP V 1 17j» ARAUCO Vld 2P VP m 214 234 2M V 3 »7 I OWE SKOU Vl«3 Kf7 1*
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      663 35 COMPANIA PERUANA TOEX 0€ VAPOfIES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. P«nanf* P. Kdanf* Singapore MANOLOEVERETT »/27 May ROSE EVERETT 2/3 Jm JOHNEVERETT 19/21 Jun EVERETT ORIENT LINE* T JAPAN/BAY
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      Page 35 Advertisements Column 2
      334 35 Z I M FUU CONTAINER SERVICE accaptiM FCL/ICI ur|M to USA Eat! «Mt Cms!. Cimlbaan.Eaat Canada, HAITI. Carta Rica, CI bhite CmtonU. ItonPwM. SI. I HMUZMIUUI YOKOHAMA KOPER *cartinc CAMO ro acclaim via mkromm aho also rci ro mm la.ni ±U ETH AIX Pit VCE TVS KPt IM SINGAPORE 31/5
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      Page 35 Advertisements Column 3
      494 35 NNPPNIQ immmmmimm mi) LTO WEEKLY LCL/FCL SERVICE VESSEL JENHOt VII7N [27/5 JENWEL 117N 127/5 DESTINATIONS ETA SMOAPORE PORT KELANG 27 MAY MANILA 28 MAY HONG KONG. ALL CHINA PORTS 29 MAY KEELUNG. KAOHSIUNG 28 MAY BUSAN 31 MAY TOKYO. KOBE 30 MAY CHITT AGONG 1 JUN DUBAI 31 MAY SYDNEY.
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      Page 35 Advertisements Column 4
      425 35 PERINTIS LINE CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA PRABHAK TI (TUES) VOY SINGAPORE JAKARTA ETA ETD ETA ETD 262 tO In Port In Port 2S/5 2S/S 264-265 30/5 31/5 2/5 2/5 266-267 6'6 6 9'6 9,'6 PRASETIA (WED) VOY SINGAPORE SURABAYA ETA ETD ETA ETD
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      Page 35 Advertisements Column 5
      389 35 PTC CONTAINER LINES fci ici senwicf 27/5 RDM/HAM/ANT/LE HAVRE/GENOA 27/5 LDN/FLX/LVP/SOU 28/5 L.A./NYC/SFO 30/5 VANCOUVER/TORONTO/MONTREAL 4gen't P «rg A SHAP&DU TRANS-SYSTEM SDN Bi LVid d H Mri ZsWfri I U .S. A. (East A Wast Coast A sll inland points) UK/EUROPE (Continents) (All Ports) ALSO ACCEPTING CARGO TO OTHER PORTS
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      271 36 SWISS SHIPPING PTE LTD 52 Telok BUngmh Rojul #03 07. Telok Blangah House Stnc»por« MM. Tel: ***** M Mites) Tlx ***** 88FA P Kelan# Office Tel: 03 *****48 CIR NO. 1178 *****00 H FAR EAST/EUROPE MONTHLY BREAK BULK SERVICE GASIKARA 1975 TBN ETA SIN PKL PEN 10/6 13/6 17/6 ANTWERP,
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      Page 36 Advertisements Column 2
      883 36 to* MilsciOSK Lines Ltd FULL CONTAINER UK/CONTINENT (TRIO) Ala Aaatfwf C*m far. OSAKA BAT TOUCA MT I IT" I "-tan taa U I 3 a x a MEDITERRANEAN (MED CLUB) S— 3 uoawo OSAKA M* art m uj» 3» m ■O"««» *fi 1 w m aS MIDDLE EAST (OASIS)** JEDDAH
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