The Business Times, 26 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 FRIDAY, MAY 26, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    265 1 Dow down THE New York stock market showed no clear trend yesterday morning in a mixed response to the newest data on the state of the US economy. The Dow Jones average of 30 industrials rose 2.75 in the first half hour of trading but then dropped
    265 words
  • Article, Illustration
    HK, S'pore markets plunge
    562 1 RENEWED WORRIES OVER TURMOIL IN BEIJING THE HONGKONG stock market went into a sharp tailspin again yesterday on renewed worries over political uncertainties in China and this had a spill-over effect on the Singapore market. Sentiment was further dampened by overnight drops in both the New
    562 words
  • Article
    Lock icon Government 'capable and stable', says Premier Li
    409 1 jLSThe China question UPI/AFP PREMIER LI PENG resurfaced yesterday for the first time since a leadership power struggle erupted and declared China s government "capable and stable", warning it could still move against the democracy movement but offering a softer line. Mr Li
    UPI/AFP  -  409 words
  • Article
    Sterling retreats against the mark
    122 1 THE BRITISH pound fell nearly one pfennig against the West German mark yesterday following the release of UK balance of payments figures tor April. Dealers said the pound stood at 3.1561 marks and U551.5778 just ahead of the data release. They suspected the Bank of
    122 words
  • Article
    UK current account deficit in April up 40.6 pc to £1.6b
    179 1 BRITAIN'S Department of Trade and Industry (DTI) released data yesterday showing a 40.67 per cent jump in UK current account deficit to £1.66 billion in April from a revised £1.18 billion March gap. Market forecasts for the April trade
    179 words
  • Article
    Trade deficit in first four months widens to $3.8b
    496 1  -  By LEE HAN SHIH SINGAPORE'S trade deficit widened in the first four months of 1989 to $3.8 billion, due partly to the car buying spree. This was a growth of 43.5 per cent against the similar period in 1988, according to
    496 words
  • Article
    Lock icon US first quarter growth revised downwards to 4.3 pc
    168 1 Reuter THE US ECONOMY was substantially weaker in the first three months of the year than previously estimated, growing at a 4.3 per cent annual rate, the US Commerce Department said. Most of the downward revision from the 5.5 per cent
    Reuter  -  168 words
  • Article
    Simex moves closer to joining Globex
    341 1  -  By SOH TIANG KENG Financial Correspondent THE SINGAPORE International Monetary Exchange is likely to decide in the next few months whether to join Globex, the global electronic trading system. The screen-based electronic trading network, developed by the Chicago Mercantile Exchange (CME) and Reuters Holdings,
    341 words
  • Article
    Lock icon US can forestall recession until 1990: experts
    136 1 AP TOP BUSINESS economists yesterday predicted that economic growth will slow dramatically this year but that the United States should be able to forestall a recession until at least 1990. The consensus of 54 forecasting experts surveyed by the National Association of Business
    AP  -  136 words
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      94 1 $220.00 nett per table FREE Flow of Stout, Beer, Soft Drinks etc (Min 10 Tables) FAMILY DINNER $88.00 (B—lo persons) IT'S STILL YOU AND YOUR CROCODILE N> 9 PUT ON A CROCODILE WEAR A LEGEND WAILARLE AT CESTKEfWS! otf2-X HAKISA 003-1 JO TISMX ATRL\ 001 00»tH'BCESTKE 001 PAKK W\) r\K\l>l
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      226 1 Full Report, PAQE 18 Regional Mkts, PAQE 20 World Mkts, PAQE 21 Mot* stories, PAGE 9 More reports, PAGE 7 Editorial Comment: 12 Knowing what to ask for Gatt 12 Towards a services agreement Japanese spending 13 Cutting out the flashy purchases Kobe Steel 2 Raising USs6oom in Asia, Europe
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      7 1 Economist* divided over US economy, PAGE 6
      7 words
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      257 1 @!]~&)@,;)_{"&>!_^>.^$:_!,![]&] t 'The lion-city in winter* TORONTO The Good they called it And for one Singaporean at least it was. Good and cold, but a second home, raccoons and all. An Fasrwfva LMttyils writer relives s few Canadian memories of char aiew, bagels and pita. Elsewhere in EL tomorrow, reviews
      257 words
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  • HOME NEWS
    • Article
      Singapore set to rely more on domestic demand for growth, says report
      546 2  -  MORGAN GUARANTY TRUST ON WHY EXPORT BIAS IS EXPECTED TO FADE By CHUANG PECK MING EXPORT-ORIENTED Singapore is likely to look more inward for economic growth this year, says a Morgan Guaranty Trust report. The New York-based financial
      546 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      227 2 POLYTEK ENGINEERING Singapore (Re) Ltd has appointed Andrew Kan Hal Chee as its general manager. Mr Kan was the general manager of an engineering company prior to joining Polytek. He is trained in mechanical engineering and holds a Masters degree in business management. YEO NAI MENG has
      227 words
    • Article
      Kobe Steel raising US$600m in Asia, Europe
      362 2  -  By QUAK HIANG WHAI KOBE STEEL, one of Japan's largest steel makers, is raising US$6OO million in the Asian and European capital markets through an equity-linked bond. Nomura Singapore, the Japanese merchant bank, will leadmanage the Asian tranche, worth US$3OO million, ot the
      362 words
    • Article, Illustration
      Conveyor system to boost garment trade productivity
      500 2  -  By GENEVIEVE CUA A COMPUTERISED conveyor system has been developed for the labour-intensive garment industry which is expected to boost the industry's productivity by 15 to 20 per cent. The sewing transporter system will be tested by Wing Tai Garment Manufacturing in July
      500 words
    • Article, Illustration
      More hotel staff move to China
      627 2  -  300 EXPERIENCED PEOPLE JOINED HOTELS IN CHINA IN LAST 18 MONTHS By SANGEETA MULCHAND AS CHINA opens its door wider to tourists, some Singapore hotels are losing their mid-level managers to international chains recruiting here for their China operations. Sources say that about 300
      627 words
    • Article
      MEMO-PAD
      630 3 Seminars and courses May 26 27 How to Franchise Your Boulevard Hotel Dominion Conferences *****25 Business Publications Pte ltd May 29-30 Handling Difficult RGA Training Roger Gill *****60 Employees Centre Associates Pte ltd May 29 30 Technical Analysis Pan Pacific Hotel CompuT roc 22X136 Group Seminar May 29-31 Enhancing
      630 words
    • Article
      New committee to oversee computerisation in construction
      255 3 THE CONSTRUCTION Industry Development Board will set up an an advisory committee to oversee the use of information technology in the industry, Or Lee Boon Yang, the Minister of State for National Development and for Home Affairs, said yesterday. The IT advisory committee
      255 words
    • Article, Illustration
      DHL spending up to $17m on expansion drive
      559 3  -  S'pore shaping up as its regional centre By WALTON MORAIS COURIER giant DHL International is investing another $15 to $17 million in its Singapore operations over the next two years. In a major expansion drive to meet rapid market growth, DHL is
      559 words
    • Article
      URA issues conservation guide
      105 3 THE Urban Redevelopment Authority has issued a step-by-step information guide on the requirements and procedures of conservation work. The brochure, entitled "Procedures for Conservation Works", follows the government's announcement of 10 areas designated as conservation areas. The guidelines are targeted at the owners of property in
      105 words
    • Article
      NTUC Income sets $1.4b target for this year
      245 3 INSURANCE co-operative NTUC Income, which last year sold a record $1,293 billion worth of insurance policies, has set a target of $1.4 billion this year. NTUC Income assistant general manager. Mr K T Samuel, disclosed this in a statement last night. He
      245 words
    • Article
      Course revised
      68 3 THE SINGAPORE Institute of Surveyors and Valuers has revised its real estate agency course due to the increasingly sophisticated nature and demands of the real estate market. From next month, the institute's course would be conducted based on the revised syllabus, it said in a statement yesterday. It
      68 words
    • Article
      Singapore MPs in Johor for exchange visit
      149 3 TEN MEMBERS of Parliament led by Mr Mah Bow Tan, Minister of State for Communications Information and Trade Industry, begin their two-day visit to Johor today. Invited by the Speaker of the Johore State Assembly, Dato Haji Mohd Yunos bin Haji Suleiman, the
      149 words
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      Page 2 Advertisements Column 1
      139 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day Introducing a new range of Etonic golf shoes x N fi- o oo immm6k 0 v; .*c_ mmrn This performance shoe combines the best of athletic technology and golf tradition in its new and stylish range of colours. FAIRWAY AIHLEISURE
      139 words
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      Page 2 Advertisements Column 2
      36 2 HAI GARDEN RESTAURANT THF RO> AL THAI SPECIALIST 1 Scotts Road, *05-01 Shaw Centre Singapore 0922 Business Hours: 11 30 am to 300 pm 5 30 pm to 10 00 pm Reservation: 733 1339 Parking Redemption
      36 words
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  • Page 3 Advertisements
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      84 3 STOCK LIQUIDATION Under instructions from Iranian merchant in liquidation of stocks held, ensuing scheme of arrangement to settle overdue commitments and re-realisation of assets, comprising 'FORCED TO SELL PUBLIC AUCTION! EXTREMELY HIGH VALUE HAND-KNOTTED PERSIAN CARPETS Time/DateMpm (sharp) Sunday, 28th May 1989. Venue: Le MERIDIEN Singapore Lafite/Latour (Level 3), 100
      84 words
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      37 3 What have JAPANESE 4 x BUSINESSMEN BEEN INVESTING IN SINCE 1886? CHOVA CHOYA, Japan's most established shirt, is available from Tokyu, Sogo, Isetan, Yaohan Orchard and selected Arrow Houses. Lumvr anj Jnlrilmtor Apprnrl WorU (S) Pk Ld
      37 words
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  • ASIA-PACIFIC
    • Article
      Lock icon Asean gets assurance on proposed trade forum
      457 4 GROUPING'S CLOUT WONT BE ERODED, SAYS AUSSIE OFFICIAL Bernama AUSTRALIA has assured Asean that its proposal to form an "Asian-Pacific forum" is not meant to erode Asean's influence but rather to complement its efforts. "Asean has nothing to fear the situation has changed
      Bernama  -  457 words
    • Article
      Lock icon Asean CCI to hold meeting with dialogue partners over Gatt round
      309 4 Oana-Antara THE ASEAN Chamber of Commerce and Industry (CCI) is to hold a meeting with dialogue partners Canada, New Zealand, and the European Community in Bali next month. Indonesia's junior minister for trade, Mr Soedradjad Djiwandono, is scheduled to
      Oana-Antara  -  309 words
    • Article
      Lock icon Asia increasingly concerned about pollution
      278 4 IHT AFTER concentrating for decades on economic growth to ease unemployment and poverty, many countries in Asia and the Pacific area are starting to count the environmental costs of development. As a result, government officials and aid experts say, concerns about pollution and dwindling natural
      IHT  -  278 words
    • Article
      Lock icon New Zealand GDP likely to show 0.2pc growth
      215 4 Reuter NEW ZEALAND'S real gross domestic product is expected to show growth of 0.2 per cent in the quarter ended March 1969, according to the Reserve Bank's June quarter survey of business expectations. This compares with an sverage expectation that the GOP
      Reuter  -  215 words
    • Article
      Lock icon Aussie central bank raises rates to stifle economy
      353 4 Reuter THE AUSTRALIAN central bank raised interest rates for the fifth successive week yesterday in a bid to quench feverish consumer spending and a booming economy. But economists said the government's year-long monetary squeeze, which has pushed commercial bank rates up to
      Reuter  -  353 words
    • Article
      Lock icon Takeshita's resignation may jolt Japan into a world role
      180 4 Reuter A POLITICAL corruption scandal which forced the resignation of Prime Minister Noboru Takeshita may jolt Japan into adopting a world role to match its economic might, a leading political analyst said in London on Wednesday. Mr Francois Heisbourg, director of
      Reuter  -  180 words
    • Article
      Manila will not draw on Taiwan's US$l b aid fund
      502 4  -  By AL O LABITA JR THE AQUINO government is not keen to avail itself of the US$l- financial-assistance package which Taiwan is offering to developing economies, including the Philippines, a senior official said in Manila on Wednesday. "The loan offer
      502 words
    • Article
      Lock icon NZ opposition wants boycott of trade with Taiwan
      380 4 AFP THE OPPOSITION National Party called yesterday for a New Zealand boycott of trade with Taiwan to protest drift or gill net fishing by the Taiwanese in the South Pacific. The party welcomed the announcement on Wednesday that the New Zealand government
      AFP  -  380 words
    • Article
      Lock icon Dutch-Aussie cooperation accord signed
      233 4 AFP THE NETHERLANDS and Australia have signed an agreement to boost industrial and technological cooperation, officials in Canberra said. The agreement was signed on Wednesday by visiting Economic Affairs Minister Rudolf de Korte and Australian Industry, Technology and Commerce Minister John Button. Mr Button said in
      AFP  -  233 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1022 4 ARRIVALS Operator Sorvica number Local tkn« From MAS MH630 0920 KUL SIA SQ103 0950 KUL CPA CX710 1000 CGK SWR SRI 86 1015 ZRH/BKK MAS MH609 1020 KUL GW GA960 1100 CGK SIA SQ105 1105 KUL RBA M421 1130 BWN OA QF072 1135 BKK SAS SK971 1145
      1,022 words
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      86 4 Delsey... a case for security. ;-#Hp I DE Mm '/'■'ffiSß M When you travel, it's good to know that your luggage is secure. Delsey is simply the most secure suitcase you can buy. k. Tamper-proof combination and key lock with 120 key variations Firm-grip handle Solid retractable pull-along Two years
      86 words
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      42 4 The business penon's choice ever* Tuesday, Thursday, Saturday and Sunday Leaving Changi Airport at 22:15 hourc and arriving at Letter B. ftanon International Airport the following dav Caff ixHir Tnvel Agent or Air Ctiudi it *****55. A B*EA TH OF FRESH AIR
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      173 5 mam *7* m ,Y BRITISH AIRWAYS FIRST CLASS HAS JUST BEEN RELAUNCHED. IN A FEW WEEKS WE'LL CHANGE THE CARPET AGAIN. And we change it again every twelve weeks thereafter. Not that it isn't superb wool carpet. It's simply that we understand and respect the needs and expectations of you,
      173 words
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  • REST OF THE WORLD
    • Article
      Lock icon Economists divided over possibility of US recession
      410 6 CONSENSUS ON SLOWDOWN SPARKED BY FED'S TIGHTER CREDIT AP THE US ECONOMY is slowing down this year, but economic forecasters are divided over whether the slowdown will be severe enough to push the country into a recession. Optimistic forecasters contend that the Federal
      AP  -  410 words
    • Article
      Lock icon Farm export revenues to continue upswing
      350 6 Reuter REVENUES from US farm exports are expected to continue increasing this year, riding on high prices and demand from the the Soviet Union, Japan and South Korea, US Agriculture Department economists said. The US Agriculture Department projects total US farm export revenues for
      Reuter  -  350 words
    • Article, Illustration
      Lock icon Sakharov among first to speak in new Soviet Parliament
      510 6 AP THE FIRST competitively elected Soviet Parliament convened yesterday and immediately plunged into a debate over its powers and agenda, with the once-ban-ished Andrei Sakharov among the first to take the floor. In the first two hours of nationally televised proceedings,
      AP  -  510 words
    • Article
      Lock icon 'Naval arms race risks starting nuclear war'
      134 6 Reuter THE US and the Soviet Union are embarked on an uncontrolled nuclear arms race at sea where the risks of escalation into nuclear war are much higher than on land, says a new book from the Stockholm International Peace Research Institute. It
      Reuter  -  134 words
    • Article
      Lock icon Institute attacks British government over economy
      290 6 FT THE BRITISH National Institute of Economic and Social Research has attacked the government s handling of the economy and presented a gloomy outlook for the country's medium-term economic performance. in its quarterly review, the institute says deregulation in Britain during the 1980s may
      FT  -  290 words
    • Article
      Lock icon EC to cut number of American TV programmes aired
      211 6 AFP THE EUROPEAN PARLIAMENT has adopted proposals for a law which would cut the number of US television programmes shown in Europe, in spite of intense lobbying from the US. The proposed law will most likely be adopted by the governments
      AFP  -  211 words
    • Article
      Lock icon Gatt urged to monitor actions against imports
      352 6 FT THE GENERAL AGREEMENT on Tariffs and Trade (Gatt) should establish a special committee to monitor actions taken by its members to protect their own industries against disruptive surges in imports, according to a recommendation by the US, European and Canadian chemical industries.
      FT  -  352 words
    • Article
      Lock icon US steelmakers insist protection still needed against foreign steel
      585 6 AP IMPORT RESTRAINTS have slowed the influx of foreign steel, but illegal practices which made trade protection necessary 4)4 years ago still pose problems, US steelmakers said in Washington on Wednesday. "We have the documentation to prove it," Bethlehem Steel Corp
      AP  -  585 words
    • Article
      Lock icon US cosmetics firms oppose reprisal plan
      299 6 NYT THE AMERICAN cosmetics industry, which imports US$9 million worth of ingredients a year from Japanese suppliers, says it will be injured if Washington decides to punish Japan by setting 100 per cent duties on its cosmetics imports. The penalties are being contemplated under
      NYT  -  299 words
    • Article
      Lock icon UK urged to lift quota on Soviets
      454 6 Reuter THE SOVIET UNION has pressed Britain to lift quotas on the number of Soviet nationals working there, offering in exchange to lift its own limits imposed after tit-for-tat expulsions. Speaking in Moscow on Wednesday, Soviet Foreign Ministry spokesman Gennady Gerasimov said his
      Reuter  -  454 words
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 Doonesbury ...AND THIS IS THE MASTER BEDROOM' FEEL FREE TO POK3 AROUND THE DRAWERS IFYOUUKE' n mmm k Is 1 S 3 BY GARRY TRUDEAU AND ThUS IS OUR PRIVATE BATHROOM' THIS IS WHERE ISHAVE! AND THISISMHERE I PUT Mi PANTS ON! _V 3 WOULD THAT BE ONE LEO ATA
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      37 6 SI Singapore Mexko City Miami Montreal Moscow Nassau New Delhi New York Nicosia Oslo Port* Perth Rio 'Janeiro Rom* San Frh'co San iuan Santiago Sao Pauto Seoul Stockholm Sydney Taipei Tokyo Toronto Vancouver Vienna Warsaw VA/ntKln-ntj-Ln ▼YOlninyTOO
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  • FOCUS
    • Article
      Lock icon A taste of old-fashioned values
      846 7 With conflicting fla I reports about of jffl 4k 1 the whereabouts of M T|«a f Limm China's top leaders, WkmSjijijW VmlHI question apparent power struggle and the economic and social scenario in the country which could greet the leadership that emerges after the dust
      FT  -  846 words
    • Article
      Lock icon Current policies likely to continue
      742 7 Task of reforming economy formidable Reuter WHOEVER wins the intense power struggle under way in China will continue current policies to address the country's monumental economic problems, foreign and Chinese economists said. "The roots of the nationwide unrest lie in morality and politics, not inflation
      Reuter  -  742 words
    • Article, Illustration
      Lock icon Deng Xiaoping makes desperate effort to rally the army
      412 7 FT AS CHINA struggles to give birth to democracy, the men responsible for both the raising of the bamboo curtain and ordering in the troops, paramount leader Deng Xiaoping, mysteriously absented himself from Beijing. The 84-year-old patriarch left the capital shortly
      FT  -  412 words
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  • MONEY AND EXCHANGES
    • Article
      Government Securities Market
      114 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****E 24.08.89 4.02 3.97 3.98 3.97 6 months BS*****N 17.08.89 4.00 3.95 t year BY*****F 24.05.90 4.39 4.35 4.39 4.35 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      114 words
    • Article
      Forex markets
      1587 8 SINGAPORE: THE US dollar yesterday fell against most currencies but closed well above the day's lows after another active and choppy session, dealers said. They said although the dollar fell sharply initially on active stoploss selling and profit-taking, it received good support from short-covering and institutional buying at
      1,587 words
    • Article
      Money markets
      58 8 THE OVERNIGHT RATE on the Singapore money market fell by 1/16 point to close at 5-1/4 per cent yesterday. Short-term rates remained unchanged. S$ Interbank rates at the close yesterday: om* wo nigM 5 1/4 5 1/8 1-monrt* 5 3/16 5 3/16 2-month S 5/16 S 3/16 3-month
      58 words
    • Article
      Asian dollar market
      262 8 ASIAN DOLLAR deposit rates yesterday closed slightly firmer in thin trading due to a marginal rise in the US Federal funds rate and lower bond prices Thursday/Friday and week-fixed finished at 9-3/4 9-5/8 per cent each, both up 1/16 point from Wednesday's level. Among term rates, one
      262 words
    • Article
      Lock icon Simex
      469 8 Reuter EURODOLLAR futures yesterday closed lower on prof-it-taking and long liquidation with sentiment undermined by a hike in UK interest rates. Dealers said the one-point increase reduced the chances of an early cut in the US discount rate. June Eurodollar fell to 90.53 from Chicago's 90.65 and September to
      Reuter  -  469 words
    • Article
      Lock icon IMM
      228 8 Reuter IMM CURRENCY futures sagged in afternoon trading to end mixed on Wednesday, near session lows. After failing to make much upside headway early, selling resurfaced and bearish sentiment returned to the ring. "Nothing has changed to reverse the dollar's trend," said analyst Nancy Sotern of Stotler and Co.
      Reuter  -  228 words
    • Article
      Comex gold/silver futures
      166 8 Gold futures on May 24, 1989 100 troy ounces; USS per troy ounce Opan H4gh Low SaWa May 364.50 0.70 Jun 3*4.30 3*550 363.50 364.70 0.40 M 366.30 0.40 Aug 3*7.10 3*6.30 366.40 367.40 0.30 Oct 371.00 371.50 370.00 371.10 0.30 Ok 374.00 375.50 373.70 374.60 0.40
      166 words
    • Article, Illustration
      World interest rates
      194 8 Indicates Km iwrijt of m —M Iff# pnmt IVfKllrvQ rllU Of 12 major banks In S'pora Interbank market rates (offer/bid) on May 25 us$ DM SWFC Y«»l 7 dayt 1 3 M* 6 HMh 13 m* 9 3/4 9 3/8 9 11/1* 9 9/1« 7/1* 9 1/3
      194 words
    • Article
      Options
      1325 8 CURRENCY FUTURES OPTIONS Thursday, Mqy 25, 1989 DEUTSCHE MARK (SIMEX) Jun 88 can High Low a Satt Jun High tt puts Low San 51 114 52 199 53 295 54 CAB 395 55 CAB M CAB Sep M call la Sep M puts High Low Satt High Low Sao
      1,325 words
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      Page 8 Advertisements Column 1
      60 8 ■S** **1 L* V X, vv < *r You experience our personal touch at Liang Court Regency. The experience begins with a special welcome bouquet. And during vour stay, you'll notice the many little things that get clone quietly and efficiently. Come stay with us and experience our personal touch
      60 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Tat Lee to join EFTPOS and shared ATM networks
      423 9  -  By QUAK HIANG WHAI TAT LEE BANK, which reported a rise of 14.8 per cent in its total loan and advances last year, plans to join the nationwide shared ATM network and the point-of-sale terminal network. In the bank's latest annual
      423 words
    • Article
      Lock icon New IMF debt strategy similar to Brady Plan
      279 9 FT THE NEW STRATEGY for reducing the debt and debt service burden of Third World countries has been approved by the executive board of the International Monetary Fund. The detailed scheme is broadly along the lines set out by Nicholas Brady, the
      FT  -  279 words
    • Article
      Lock icon HK dollar stays strong despite unrest In China
      524 9 Reuter THE HONGKONG dollar has remained robust despite political unrest in China and foreign exchange dealers on Wednesday said this was thanks to support from the Bank of China (BOC). "We can detect a strong player selling the US currency for Hongkong
      Reuter  -  524 words
    • Article
      Lock icon Japanese Finance Minister denies talk of discount rate increase
      163 9 AFP JAPANESE Finance Minister Tatsuo Murayama has denied market speculation that the Bank of Japan would raise its official discount rate after seeing preliminary figures on Tokyo's consumer prices for May to be released today. Speaking before the finance committee of
      AFP  -  163 words
    • Article
      Lock icon Japan's long-term rate to remain at 5.7 pc in June, say bankers
      252 9 AFP Reuter JAPAN'S 5.7 per cent long-term prime rate will remain unchanged in June, despite steep rises in the secondary bond market yield, long-term bankers said. They said the failure of the long-term banks to raise the prime
      AFP; Reuter  -  252 words
    • Article
      Lock icon Tighter Malaysian bank liquidity in January
      355 9 Bernama MALAYSIA'# bank liquidity tightened in January due to strong demand for credit by the private sector as economic activities continued to expand, Bank Negara said in Kuala Lumpur on Wednesday. Total loans and advances of the banking system, excluding loans sold to Cagamas
      Bernama  -  355 words
    • Article
      Lock icon Rise of US dollar raises questions
      394 9 FT THE RECENT UPSURGE in the US dollar has left policymakers in Washington frustrated about how little they can do to check the rise and concerned about the longer-term implications for any reduction in the US trade deficit. Until late on Monday, the Bush
      FT  -  394 words
    • Article
      Lock icon Soviet bank to open its first office in the US
      316 9 NYT IN THE SPIRIT of perestroika, executives of the Bank for Foreign Economic Affairs are preparing to open the first American office of a Soviet bank. A banking presence in the US can aid recent Soviet efforts to encourage foreign
      NYT  -  316 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      63 9 Bank of India London Branch U5530,000,000 Negotiable Floating Rate Certificates of Deposit Due November 1987/89 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the six-month interest period from 30 May 1989 to 29 November 1989, the Certificates will carry an Interest Rate
      63 words
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      Page 9 Advertisements Column 2
      197 9 •V II if- 1 i til t; r V ;,> 2 '/i &r< i x ®s^isi Wl t ;v: IIPP '"a I Wi X'V- P- ~-> -V r-'-fi,- j? *»x ;?■>- *v .;-y y;--t u: •'Vx t* .t i, t':, v..;, VA" 1; -W'! mt •v h >• C 3&
      197 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      303 10 0* Silicon Graphics Computer Systems YOUR INVITATION TO EXE Corporate Profile Silicon Graphics inc., founded in 1981, designs, manufactures and markets three-dimensional IRIS Supergraphics Workstations. These IRIS Workstations are well-known and popularly used by engineers, scientists and creative professionals in the Design, Analysis, Manufacturing and Simulation of 3D products, objects
      303 words
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  • COMMODITIES
    • Article
      Lock icon Opec pumped more oil onto market than allowed in April
      529 11 AP CtPEC NATIONS supplied more oil to the world market in April than allowed in a~production accord designed to increase crude prices, the organisation said on Wednesday. It was the first time this year that the Organisation of Petroleum Exporting
      AP  -  529 words
    • Article
      Lock icon Mobil Oil subsidiary strikes oil off eastern Java
      130 11 AFP A SUBSIDIARY of Mobil Oil Corp of the United States in Indonesia has struck oil in a block off eastern Java with potentially large reserves, the state oil firm Pertamina announced in Jakarta yesterday. Appraisal tests on a well in Madura
      AFP  -  130 words
    • Article
      Lock icon Crude oil futures prices rise sharply
      246 11 AP CRUDE OIL futures prices rose sharply in brisk trading in New York on Wednesday, a reaction to tight inventories reported by the American Petroleum Institute. On the New York Mercantile Exchange, the July contract for West Texas Intermediate. the key US crude, ended
      AP  -  246 words
    • Article
      London Markets
      267 11 London v Commodity Exchange Buyer/Seller dosing prices on May 24 (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee frosts In-store London, sellers option CIF London May 1195/1210 Wgh/Low (1185/1187) 1200/1188 July 1198/1200 (1191/1195) High/Low 1205/1186 Sales (3878) Cocoa May 764/766 High/Low (749/751) 765/758 July 778/779 (762/763) High/Low
      267 words
    • Article
      Lock icon ATPC meeting postponed to June
      210 11 Bernama THE 23RD executive committee meeting of the Association of Tin Producing Countries (ATPC), scheduled to begin in Kuala Lumpur yesterday, has been postponed to June 13 tt> 16. ATPC executive secretary Redzwan Sumum said yesterday that the meeting had to be put off until
      Bernama  -  210 words
    • Article
      Produce Prices
      196 11 Chinese Produce Exchange Sellers' noon closing prices ort May 25 (SS/100 kg) Coconut oil Bulk FOB 106.00 Old drum FOB 116.00 New drum FOB 120.00 Copra Mixed (loos«) 62.00 sellers Pepper JLL ...L IA munron wncTe FOB NIW 552.50 Sarawak whit* FOB faq NLW 542.50 Sarawak sp«dal blade
      196 words
    • Article
      Rubber
      270 11 SINGAPORE: PRICES yesterday closed higher with June 1 RSS quoted at 181.50 cents a kg, up 3.25 cents from Wednesday's close. Brokers said prices hovered within a narrow range in the afternoon after short-covering alternated with some overseas selling. Trading was quiet. On the TSR-20 Award market, prices were
      270 words
    • Article
      SSR and SMR
      90 11 (canft/kg) JUNE 1989 JULY 1989 (currant month) (forward month) RAS NOON Svyari S*H*rt NOON tvyvri S*tt»n SSB 20 152.00 154.00N 152.00 1 54 OON SSt 50 ***** 152OON ***** 152OON MRELB tvy*r> S*M*n tvyrt S«U*n SMS CV 248.50 250.50N 250 50 252 SON SMR I 251.00 253.00N
      90 words
    • Article
      Lock icon Soybean
      161 11 Reuter CROP-ENHANCING rain over the US Midwest and forecasts for more weighed heavily on Chicago Board of Trade new crop soybean prices throughout the session on Wednesday, traders said. They said tight supplies and higher Gulf basis bids supported old crop relative to new all day. and the long
      Reuter  -  161 words
    • Article
      RAS and MRELB
      280 11 R AS prices In S cent»/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 183.00 1 84.00N 183.00 184.00N Int 1 RSS June 89 181.50 18 2.5 ON 181.50 182.50N Int I RSS July 180.50 181.SON 180.50 181.5 ON Int 2 RSS
      280 words
    • Article
      Lock icon Wheat
      168 11 Reuter CHICAGO Board of Trade wheat futures on Wednesday erased small tosses in all but distant contracts and ranged up 3-3/4 US cents in nearby July to down 2-1/4 cents in distant July at the close, traders said Commercial support on indications that Egypt bought the full 300.000 tonnes
      Reuter  -  168 words
    • Article
      Lock icon Precious Metals
      390 11 Reuter HONGKONG: GOLD yesterday closed higher in quiet but thin two-way trading on shortcovering by Japanese and local investors, dealers said. Dealers noted the market was not affected very much by the China crisis and the metal had found support at US$364 an ounce. They expected gold to
      Reuter  -  390 words
    • Article
      Lock icon KL Tin
      207 11 Rautar TIN PRICE on the Kuala Lumpur Tin Market (KLTM) yesterday fell 40 sen to dose at M 526.90 a kg but trading remained cautious, brokers said. The fall was In line with Wednesday's weaker European spot tin market which noted renewed per* •latent sailing pressure. "Conaumers are
      Rautar  -  207 words
    • Article
      Palm Oil
      403 11 overnight STiES pas respectively. Turnover rose to 942 lots from Wednesday's 758. THE MALAYSIAN cruds palm oM market reversed Wednesday's trend, closing lower on profit-taking and buyers' reserve, with losses in palm oil futures and Chicago soyoil futures overnight weighing on values, dealers said. Trading remained thin amid
      403 words
    • Article
      Lock icon Crude Oil and Products
      145 11 Telerate FUEL OIL prices were slightly higher on the basis of firmer Nymex-s close. Sellers were nationally asking around $98 mt fob Sing. Buyers were seeking lower prices at $96 mt fob Sing. Interest for June CST-180 into Japan was seen at $101 mt cif Japan
      Telerate  -  145 words
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      629 11 ARE YOU IN CONTROL OF YOUR INFORMATION OR IS YOUR INFORMATION CONTROLLING YOU MANAGING YOUR RECORDS A Two-Day Seminar Designed to put YOU back in Control 28 29 June, 1989 Boulevard Hotel, Singapore Information s rawed to effectively achieve goals, to meet competitive dtafcnges, to develop future dwctwe. Those who
      629 words
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  • PERSPECTIVE
    • Article
      Knowing what to ask for
      529 12 THERE is no doubt that, in China, this is a May with a vengeance. The reference is, of course, to the Fourth of May movement led by students and intellectuals 70 years ago which resulted in seismic changes in Chinese society. The students of today,
      529 words
    • Article, Illustration
      Lock icon Gatt: towards a services agreement
      1467 12  -  Now past its half-way mark, the Uruguay Round of talks to liberalise world trade is set to swing heavily towards hammering out rules to liberalise the trade in services. PETER MONTAGNON takes a look at some of the issues involved and their implications for businesses
      NYT  -  1,467 words
    • Article, Illustration
      Lock icon Tokyo takes off in race to find ozone-friendly gases
      750 12 POTENTIAL WINDFALL FOR JAPANESE INDUSTRY The Economist WITH ITS customary zeal, Japan has thrown itself into the race to find alternatives for chlorofluorocarbons (CFCs), the ozonedepleting gases used in industry for cleaning electronic components, filling refrigerator and air-conditioning systems, producing plastic
      The Economist  -  750 words
    • Article
      Lock icon US cautious about new democracy
      558 13  -  By HELEN THOMAS UPI PRESIDENT GEORGE BUSH and his advisers insist that they are not worried that "Gorby fever" is sweeping Europe and China, and they abjure a public relations campaign to prove the point. American-style democracy is what is inspiring people all over the
      UPI  -  558 words
    • Article
      Lock icon A new global threat
      757 13 EMPHASIS SHIRS TO ENVIRONMENTAL ISSUES NYT STUDENTS at Copenhagen University, like most young people across Western Europe, have written off the defence issue. They want to get on with talk about the future. Some put it as shifting from East-West to North-South problems. Others see it
      NYT  -  757 words
    • Article, Illustration
      Lock icon Big yen spending is out
      880 13  -  DAVID SANGER reports on why the Japanese are avoiding conspicuous purchases in the United States DAVID SANGER NYT WITH TRADE TENSIONS at a high and threats of sanctions against Japan in the air, the bureaucracy in Tokyo wants to make sure that no one makes
      NYT  -  880 words
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      Page 12 Advertisements Column 1
      108 12 FOR IMPORTERS AND EXPORTERS. m 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
      108 words
  • Page 12 Miscellaneous
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      139 13 WW. m i awns fl /"V¥ Tf I fl er spores X "tv|3 aPftCWMi ■;>, 5 SSWHwS® >? m TfrifM w *>» v> Hr* s& vi 1 m m V&M :'>r V ■rovi•?#s iH C; m ':i m re ?V-: s Xk'.~ V .-.-l.v.a fyz&g .v »t *»T.. i»; r
      139 words
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  • LEISURE
    • Article, Illustration
      Architect loses touch with reality
      303 14  -  CINEMA By NG PENG HUI AMONG the group of directors who propelled British cinema to new height, Peter Greenaway thrives in the realm of unorthodoxy and perversity. His highly acclaimed debut feature, The Draughtsman 's Contract, was a mystery, set in 17thcentury England, that examined
      303 words
    • Article
      Lock icon Clinics to test a new model
      513 14  -  MOTORING By MARSHALL SCHUON NYT THE FOUR CARS were scattered around the huge room of a hotel in White Plains, New York, each in a shade of maroon, each from a different manufacturer. People opened and shut doors, climbed in, peered at this, touched
      NYT  -  513 words
    • Article
      Lock icon Britain's first do-it-yourself soap opera
      997 15  -  TELEVISION On the premise that viewers know what they like to watch, Britain's Yorkshire Television is inviting them to develop the story line of the soap Hollywood Sports and decide how the plot should thicken and twist. Along the way, they will get a glimpse
      NYT  -  997 words
    • Article, Illustration
      Lock icon Clash of generations in French luxury goods empire
      749 15 Reuter A BRASH young financier who cut his teeth on Wall Street is locked in a boardroom battle in Paris with a silver-haired businessman of the old school for the soul of the world s largest luxury goods empire. Henri Racamier, 77,
      Reuter  -  749 words
  • Page 14 Advertisements
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      978 14 Where tv entertain... Where tv entertain... Where tv entertain... Where to Sky Garden Poolside Fridays to Sundays 6.30 10.30pm Adults: $11.90 nett. Children: $8 nett Plaza Hotel Paramount Hotel Where the happy people go v DANCING LOUNGE Experience a new and refreshing concept in cocktail lounge entertainment. Experience The Gazebo
      978 words
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      Page 14 Advertisements Column 2
      221 14 I3uffct with aJ!^iftaience M ■A ,4r<m£'g •///iw 'yaar<i((: xx'v-^iS^Ww^" V^riSSsssSiil^*':■«?. Shade's fin Soup with Shredded Chicken, Guangdong Roasted Duck. Braised Grouper, honey Sauce Barbequed Pork. Deep-fried Prawns with Ham on Toast. Steamed Water Chestnut with Prawns Dumpling. Walnut Cream that's just part of our buffet spread of over 25 authentic
      221 words
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  • Page 15 Advertisements
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      215 15 entertain.... Si Be Wined And Dined At A Lodge In The Pake. igy Hubertus Grill at Century Park Sheraton presents a Festival of Austrian cuisine, featuring many tempting specialitiesfrom May /5—28. Choose from selections offered in our Businessman s Buffet Lunch at 527.50 per person or dine a la carte
      215 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      656 15 CRYPTIC PUZZLE ACROSS 4 A very soft little chap can eat them (6) 7 Capital captions (8) 8 To draw back in the direction of something (8) 10 Eccentric faker, most unusual (5) 13 Something old-fash-ioned afoot? (4) 14 Century makers? (4) 15 A nut cracked and eaten(4) 16 Initially,
      656 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1233 15 TV and RADIO I ■«*;> t I _r 1 1 t*+ 4**"? v r--0W C//0/CE FRIDAY BACKGROUND 7.50pm, SBC 5 More coverage of the ideological revolution in Tiananmen Square. In "The People's Mandate", the ramifications it might have on China's leadership and her future are discussed. "A Right to Work"
      1,233 words
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  • SPORTS
    • Article, Illustration
      Minoza still leads in Royal Johor Classic
      333 16  -  By A SURENDREN FOR THE SECOND day running, Frankie Minoza held the lead in the Royal Johor Golf Classic at the Royal Johor Country Club when he shot a one-under par 71 for a total of 141 yesterday. But close on his tail
      333 words
    • Article
      Lock icon Argentina and Australia win World Team Cup matches
      268 16 TENNIS AP ARGENTINA upset Sweden 2-1 and Australia swept past Czechoslovakia 3-0 at the World Team Cup tournament in Duesseldorf on Wednesday. The unexpected win over the defending champion gave Argentina a 2-0 record in the Red Group and the South Americans
      AP  -  268 words
    • Article
      Lock icon Contini holds on to lead in spite of Swiss rider's victory in fourth stage
      267 16 CYCLING AP SWISS Rolf Jaermann, with a timely attack in the final stage, won the fourth leg of the Italian cycling tour on Wednesday, arriving alone at the finish line in Cosenza. Italian veteran Silvano Contini,
      AP  -  267 words
    • Article
      Lock icon Greek retains Sydney-to-Melbourne title
      134 16 ULTRA-MARATHON AFP GREEK Yiannis Kouros again won the 1011-km Sydney-to-Melbourne ultramarathon on Wednesday, with Australia's David Standeven taking line honours after more than five days on the road. Standeven finished just 32 minutes ahead of Kouros, who started 12 hours behind the field. The Australian crossed
      AFP  -  134 words
    • Article
      Singapore loses matches to Japan and Australia
      213 16 BRIDGE SINGAPORE again fell to stronger teams, losing matches four and five to Japan and Australia respectively in the Far East Bridge Championship in Jakarta. Singapore doesn't seem to have regained its rhythm after losing quite badly in match two. Hopefully things will
      213 words
  • Page 16 Advertisements
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      220 16 SIEMENS Ife Is t9lOO-F»-Z9U-*l-7600 Medical engineering opens a whole new future Modern medical systems for longer life in greater comfort Not only the medical profession but also the patients in their care benefit from technological advances in medical engineering. Reliable and speedy diagnosis leads to well-planned surgical intervention and progress
      220 words
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  • COMPANIES & STOCK MARKETS
    • Article
      C&C's first residential project gets the nod
      368 17  -  By WILLIAM CHIA CYCLE CARRIAGE, the distributor for Mercedes-Benz and Mitsubishi cars, has received approval from the authorities to undertake the group's first residential property development. In a statement released yesterday, C&C said the project comprised 131 units of twoand three-storey terrace houses
      368 words
    • Article
      Lock icon Hanafiah Raslan & Mohamad, Arthur Andersen in tie-up talks
      382 17 Hanafiah Raslan Mohamad, Arthur Andersen in tie-up talks NST MALAYSIAN ACCOUNTING firm Hanafiah Raslan Mohamad (HRM) and Arthur Andersen Co are discussing plans for a link-up. It is understood that discussions as to what form this might take may be finalised soon. The tie-up would create a powerful new force
      NST  -  382 words
    • Article
      Bandar Raya to use KL commercial site as temporary recreation centre
      367 17 BANDAR RAYA Developments Bhd is proposing to build a MSI.B million temporary recreation centre on the site of its stalled Capital Square commercial centre project in Kuala Lumpur. The group, which is the property arm of takeover target Mul-ti-Purpose
      367 words
    • Article
      Berjaya increases stake in Sports Toto to 56pc
      263 17  -  By JOSEPHINE CHAN BERJAYA CORPORATION (M) Bhd has acquired an additional 779,000 shares for M 59.24 million in its subsidiary, Sports Toto Malaysia Bhd. The company said in its announcement to the Kuala Lumpur Stock Exchange yesterday that the Sports Toto shares
      263 words
    • Article
      COMPANY BRIEFS
      178 17 L ft M GROUP Investments Lid has called off Its proposed acquisition of all the shares in Mainland Investors (S) Pte Ltd not already owned by the company's subsidiary. L ft M Prestressing Pte Ltd. This was because the company could not reach an agreement with the vendors
      178 words
    • Article, Illustration
      Phuket Yacht Club set for Thai listing next year
      531 17  -  UIC associate placing out two million shares By KEVIN GWEE UNITED INDUSTRIAL Corporation Ltd (UIC) is sot to list associate Phuket Yacht Club Ltd (PYC) on the Stock Exchange of Thailand next year. As a prelude to the listing, two million
      531 words
    • Article
      Lock icon Kumpulan Guthrie profit hits record Ms9Bm
      529 17 MBT KUMPULAN GUTHRIE Bhd, which is expected to be listed on the Kuala Lumpur Stock Exchange in August, has turned in record earnings for the year ended Dec 31, 1988, thanks to favourable commodity prices. Group profit after tax and minorities rose to M
      MBT  -  529 words
    • Article, Illustration
      Lock icon HK stocks face correction as property prices hit peak
      748 17 Reuter HONGKONG'S roller-coaster stock market has lost touch with market fundamentals in the furore over China's political crisis. If and when it gets off the China switchback, it could still face a correction because Hongkong's property market has peaked. "Officially 30
      Reuter  -  748 words
    • SES
      • Article, Illustration
        Market's 22.8-point plunge is the year's biggest daily fall
        1108 18  -  H HERMAN PHUA A WAVE of selling sparked off by investors jittery over events in China and the Hang Seng's 8.5 per cent plunge yesterday resulted in the local bourse's largest single-day fall this year. Prices were lower over a broad
        1,108 words
      • Article
        Unit trusts
        255 18 Managers' prices for May 26 Singapore Unit Trust The Commerce l.0» 1.15* Ttw Savings Fund aw 103 Spore Prog Fund 0.44 048 S'pore Sec Fund 0J5 080 S'pore Invest Fund 080 0.85 S'pore Equity Fund 0.53 057 Asia Unit Trust Mai inv«st Fund 152 142 Mai Prog Fund
        255 words
      • Article
        COMPANY MEETINGS
        47 18 SINGAPORE NATIONAL PRINTERS LTD: 15th AQM at The Westin Stamford Westin Plaza. Orchard Room, 4th Floor. 2 Stamford Road, Singapore 0617, tomorrow at 11.00 am. THE STRAITS TRADING CO LTD: AGM at 9 Battery Road #21-00, Straits Trading Building, Singapore 0104, today at 11.00 am.
        47 words
      • Article
        SES SAHRE INFORMATION
        5951 18 a MM 1989 High Low Tsl Coda Company Last Sale MAY 29 -N»rVol (•000) Day High Low Last Quote Buyer Seller Gr's Dlv Dlv C'vr Gr's Y'ld Net P/E M Csp Smll SESDAQ 168 93 183 70% 94 100 101 82* 190 91 104 144 100 87%
        5,951 words
    • KLSE
      • Article, Illustration
        Lock icon Prices fall across the board
        3563 19 MBT SHARE PRICES retreated across the board on the Kuala Lumpur stock market yesterday for the fourth session running in lacklustre trading. Brokers said the weak sentiment was largely the result of the free-fall on the Hongkong stock market which has been plagued by the
        MBT  -  3,563 words
    • REGIONAL MARKETS
      • Article, Illustration
        China fears push prices down
        1313 20 Hongkong THE HANG SENQ Index closed 8.5 per cent lower in massive turnover yesterday on fears about the unrest in China, though a major technical rebound set in after lunch. "It was hit-and-run trading," said an analyst. "Speculators smelled blood and dumped stocks, waiting for
        1,313 words
      • Article, Illustration
        Lock icon Stocks sharply lower
        519 20 Australia Reuter THE AUSTRALIAN share market suffered its biggest one-day fall in more than five months yesterday. Brokers said the day belonged to profit-takers as leading stocks tumbled further after the release of economic indicators late in the morning. "There was no good news," one said. The
        Reuter  -  519 words
      • Article, Illustration
        Lock icon Higher finish
        500 20 Tokyo Reuter TOKYO share prices closed higher yesterday due mainly to futures-re-lated buying with the market largely ignoring a rise In wholesale prices announced yesterday. Investors are poised for a discount rate rise, but are still wondering when and by how much it will go up. "It's mostly
        Reuter  -  500 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Stocks make little headway
        800 21 New York Reuter WALL STREET msnsgsd s mssk closing gain on Wsdnssday but fallad to maka much haadway as Invaatora again choss to taka profits. Llngsrlng wssknsss In ssvsrsl tschnology snd drug Issuss hslpsd chsck ths msrkst's climb, slthough tsksovsr snd rumour stocks csptursd soms Intsrsst.
        Reuter  -  800 words
      • Article, Illustration
        Lock icon Equities open mixed
        968 21 London Reuter LONDON SHARES were mixed in early trade yesterday ahead of UK balance of payments data for April, due out at 1030 GMT. Deaiere said the market expected a current account deficit of £1.6 billion. At 0806 GMT, the FTSE 100 Index was 0.5 up at
        Reuter  -  968 words
      • Article
        Lock icon Time, Warner get bankers' help to fend off any raider
        773 21 NYT THE MORGAN GUARANTY Truet Co I* heading a group of banks that hava agraad to halp Tlma Inc fight off almoat any affort that might davalop to braak up tha US$lO billion Tlma-Warnar merger, Wall Btraat official# aald on
        NYT  -  773 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1448 21 Reuter MILAN: Itslisn shsrss fall back to and slightly lowsr ysstsrday aftar a stabls start in s faaturalaas trading saaalon with modarata voluma, brokars said. Tha MIB Indax fall ona point, or 0.10 par cant, to cloaa at 1,012. Mondadori want againat tha trand, with tha publlahIng
        Reuter  -  1,448 words
      • Article
        Lock icon Taipei: Another record
        377 21 Reuter THE Taiwanese atock Indax hit another record yesterday but wee nevertheleaa off earlier peaks after Inveetora began to caeh In on profita In the final mlnutee of trading, dealers aeld. The weighted Index roee 103.16 pointa to flnlah at 9,604.4 compared with Wedneedaya 0,361.26 flnlah and
        Reuter  -  377 words
      • Article
        Lock icon Bangkok: Profit-taking
        223 21 Reuter MOST PRICES In Bangkok cloeed aharply lower yeeterday on heavy profit-tak-ing triggered by the poor performance of Swedlah Motor, Star Block and Oriental Lapidary which returned trading yeeterday after their euepeneion laat week, brokers aaid The SET Index fell 0.60 pointa, or 1.6 per cent to 626.62.
        Reuter  -  223 words
      • Article
        Lock icon Seoul: Thin trading
        135 21 Reuter SEOUL STOCKS Ml In extremely thin trading yesterday as caah-etrapped institutions sold aharaa to relieve tight liquidity. The compoelte index ended at 930.34, down 4.74 points from Wed needay's cloee. Trading volume was 129.4 billion won against Wednesday'a 175.9 billion. "Inetitutione are selling because of their
        Reuter  -  135 words
      • Article
        Lock icon RTZ paying US$4.3b for BP'S mineral assets
        461 21 Reuter RTZ CORP pic la paying US$4.3 billion to buy Brttieh Petroleum Co pic'a major mineral aaaeta and ie propoalng a £466 million rlghta laeue to partly finance the acquteltion. RTZ officiate aald agreement on the deal waa reached late on Tueeday, but
        Reuter  -  461 words
      • Article
        Lock icon New Zealand: Heavy fall
        204 21 Reuter THE NERVOUB New Zealand share market fell rapidly In the afternoon in line with a very weak Auetrallan market yeeterday. Brokera were divided about direction, with aome eaylng the market had been oversold and other* forecasting further weakneee feeding through from higher Auetraiian Interest ratee.
        Reuter  -  204 words
      • Article
        Lock icon Jakarta: Turnover plunges
        92 21 Reuter TRADING on the Jakarta stock market waa lifeleee yeeterday with only 9,742 aharee changing hande after Wedneeday'a 16,637. Broker* *aid a lack of liquidity kept Intereet low. The Index clipped 0.02 points to 267.42. "Trading wa* only among broker*. No Inves- tor* put money on the
        Reuter  -  92 words
      • Article
        Lock icon Manila: Depressed
        138 21 Reuter PHILIPPINE iharn (ell yesterday at sentiment took a cautious turn in sympathy with s plunge in Hongkong stocks, compounded by talk that soma Taiwanese had deferred further inveetments In Manila on a lack of infrastructure. "This reaction overahadowed the other good things going for the market" aaid
        Reuter  -  138 words
  • Page 17 Advertisements
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      21 17 FOR SALE JC-MPH WARRANTS A FOR CONVERSION TO JC-MPH SHARES PRICE NEGOTIABLE TERMS CASH CONTACT MR GOH TEL: *****15 PAGER: *****84
      21 words
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      Page 17 Advertisements Column 2
      320 17 CURRENCY INVESTMENT AMI NIC I \PR I ss HANK TEL: 321 3333 SOUTH EAST ASIA DEVELOPMENT CORPORATION BERHAD (Incorporated in Malaysia) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twenty-sixth Annual General Meeting of SOUTH EAST ASIA DEVELOPMENT CORPORATION BERHAD will be held at the Registered Office,
      320 words
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  • Page 20 Advertisements
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      721 20 NOTICES THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF POLYTHRON FURNITURE RENOVATION PTE LTD (Incorporated in Singapore) An an Extraordinary General Meeting of the members of POLYTHRON FURNITURE RENOVATION PTE LTD duly convened and held at 101 Upper Cross Street #06-10, People's Park Centre, Singapore 0105
      721 words
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      Page 20 Advertisements Column 2
      683 20 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF ALPHA INDUSTRIAL COMMERCIAL CREDIT PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened and held at 63
      683 words
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      Page 20 Advertisements Column 3
      802 20 NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF FENGWAY CONSTRUCTION PTE LTD MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that a Final General Meeting of the members of the company will be held at the Liquidators Office, 865 Mountbatten Road
      802 words
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      Page 20 Advertisements Column 4
      836 20 IN THE MATTER OF THE CO-OPERATIVE SOCIETIES ACT, CAP. 62 AND SINGAPORE PUBLIC UTILITIES BOARD (WATER DEPARTMENT) CO-OPERATIVE THRIFT LOAN SOCIETY LTD (In Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Society, which is being wound up, are required, on or before the 27 day of June
      836 words
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      Page 20 Advertisements Column 5
      733 20 IN THE RATTER OF THE COMPANIES ACT CAP. 50 ANO IN THE MATTER OF AUTOREX FAR EAST PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE 19 HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the Members of the
      733 words
    • Advertisement
      Page 20 Advertisements Column 6
      792 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF LIM KHENG KIM INVESTMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lim Kheng Kim Investment Pte Ltd duly convened and held at 63 ROBINSON ROAD. AFRO ASIA
      792 words
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      Page 20 Advertisements Column 7
      7 20 The other market reports on Pago 21
      7 words
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  • Article
    Beijing events could hasten HK's democracy move
    498 22  -  By FOO CHOY PENG Hongkong Correspondent CHINA'S student protests and the leadership's handling of the crisis have convinced the Hongkong public and politicians of the need to build better safeguards for democracy into the colony's mini-constitu-tion, the Basic Law. Results of a meeting
    498 words
  • Article, Illustration
    DBS Land sells Chateau
    516 22  -  SALE PRICE OF 565.3 M YIELDS $15M TRADING PROFIT By ELAINE KOH DBS LAND, which just purchased two redevelopment plots in Robinson Road on Wednesday, has clinched a deal to sell the Chateau at Scotts for $65.3 million, giving it an after-tax trading profit of $15
    516 words
  • Article
    Lock icon Ministers pledge to promote 'Asean consciousness'
    299 22 UPI/Bernama INFORMATION MINISTERS from six South-east Asian countries pledged yesterday to work together to develop "Asean consciousness" through television programme exchanges and journalist training. The delegates closed their first gathering with a joint statement that the role of the press in the countries belonging
    UPI/Bernama  -  299 words
  • Article
    Lock icon Japanese grant for Asean trade
    133 22 AFP JAPAN has approved a US$4-million grant to promote trade, investment and tourism in the Association of South-east Asian Nations (Asean), a Philippine tourism official said on Thursday. Tourism Undersecretary Mina Gabor said the Ja-pan-based Asean Promotion Centre on Trade, Investment and Tourism has pledged
    AFP  -  133 words
  • Article
    HK proposing wholesale tax of 3pc on most items
    335 22  -  By FOC CHOY PENG THE HONGKONG government yesterday released a consultative paper proposing a wholesale tax of possibly 3 per cent for most items. The paper, sent to some 20 bodies for their comments, recommends a wholesale tax for as broad
    335 words
  • Article
    Malaysia poised for domestic-led 7.5 pc growth
    534 22  -  By DAVID CHEW THE MALAYSIAN economy is poised to grow 7.5 per cent in real GDP terms this year, according to the Hongkong-based Political Economic Risk Consultancy Ltd. In its latest Quarterly Risk Report on Malaysia, the consultancy says private consumption expenditures and
    534 words
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    Lock icon Taiwan's Cabinet resigns en masse for new team
    151 22 AFP TAIWAN'S Cabinet officials resigned en masse yesterday to allow premier-designate Lee Huan to re-name the top officials. The resignation, co-signed by 18 officials including Vice-Pre-mier Shih Chi-yang, ministers without portfolios and leaders of eight ministries and two commissions, was submitted to
    AFP  -  151 words
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    Lock icon Comex gold
    87 22 Reuter COMEX gold futures rose early yesterday on mixed buying against a weak dollar but activity was winding down on the approach of the three-day US holiday weekend. June gold was ahead US$l.3O at US$366 an ounce, which was a new recovery high since it slid on Monday
    Reuter  -  87 words
  • LATE FILE
    • Article
      Lock icon France writes off US$2.6b debt
      39 22 Reuter FRANCE plans to write off debts totalling US$2.6 billion owed by 35 of the world's poorest countries next year, said President Francois Mitterrand at a summit of leaders of the French-speaking world. Reuter
      Reuter  -  39 words
    • Article
      Lock icon Hawke welcomes all races
      27 22 Reuter AUSTRALIAN Prime Minister Bob Hawke pledged in Parliament yesterday that his Labour government would continue to take migrants of all races. Reuter
      Reuter  -  27 words
    • Article
      Lock icon 'Shipwreck' licences granted
      39 22 Reuter THE Indonesian government has for the first time issued licences to three Indonesian firms to search Indonesia's vast tropical waters for sunken treasure, Mr Sudomo, Coordinating Minister of General Policy and Security, said yesterday. Reuter
      Reuter  -  39 words
    • Article
      Lock icon Fukuda possible PM candidate
      31 22 AFP THE possibility has grown for former Prime Minister Takeo Fukuda, 84, to succeed outgoing Japanese Premier Noboru Takeshita, the major daily Yomiuri Shimbun said yesterday. AFP
      AFP  -  31 words
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      Lock icon Nakasone says he is innocent
      42 22 AFP FORMER Prime Minister Yasuhiro Nakasone yesterday denied in his testimony in Parliament to having played a key role in Japan's biggest postwar bribery scandal and vowed to be senior statesman despite growing demands for his retirement.
      AFP  -  42 words
    • Article
      Lock icon US$l.3b loan for Philippines
      34 22 AFP THE International Monetary Fund (IMF) has approved a US$l.3 billion credit package supporting the Philippines' balance of payments for the next three years, the Central Bank said yesterday. AFP
      AFP  -  34 words
    • Article
      Lock icon Urgent plea from Marcos
      46 22 AFP OEPOSED president Ferdinand Marcos, now kept alive by machines in a Hawaii hospital, has filed an urgent plea with the Philippines Supreme Court asserting the right to return from US exile and die in his homeland, Manila court officials said yesterday.
      AFP  -  46 words
    • Article
      Lock icon China to borrow 97.2b yen
      29 22 UPI CHINA signed an agreement on Wednesday to borrow 97.2 billion yen from Japan to finance various development projects, Tokyo officials said yesterday. UPI
      UPI  -  29 words
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      Page 22 Advertisements Column 1
      57 22 REGENT HEALTH SPA TEL *****68 (5 Lines) a* n Business Hours 10 30am 11 00pm Ample Porking Lots Available 78 SHENTON WAY #01-01 A 81-01 We're beside Da»-lchi Hotel We are the same team trom EMPRESS HEALTH CENTRE with great differences Massage Hot/Cold Pools Sauna Bath Steam Bath Gymnasium Hair
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      Page 22 Advertisements Column 2
      616 22 Tlm silver report wh not available at prose ttmo At Qureshi's, we've travelled the world to present an exhibition of the rarest carpets available in the market today. Some of these highly sought-after pieces were woven more than a hundred years ago, and represent an artform which has literally disappeared.
      616 words
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  • SHIPPING TIMES
    • PORT SIDES
      • Article
        Lock icon Brazilian dockers plan June 13 strike
        134 23 Reuter BRAZIL'S 30,000 full-time port workers will launch an indefinite national strike on June 13 if their pay demands are not met, union leaders said. Arlindo Borges, president of the National Federation of Portworkers, said his union was seeking a 93 per cent pay
        Reuter  -  134 words
      • Article
        Lock icon Soviet ship runs aground
        137 23 Reuter A SOVIET freighter ran aground in the Bosphorus on Tuesday forcing a nine-hour closure of the busy entrance to the Black Sea, Turkish officials said. They said the 44,747 dwt Alexander Saveliev, loaded with coking coal, smashed a 30-me-tre stretch of promenade in Bebek on
        Reuter  -  137 words
      • Article
        Lock icon Ship declared general average loss
        58 23 Reuter THE 108,712 dwt Panamanian ore carrier Amazon Career has been declared a general average loss because of severe hull damage discovered while the vessel was at sea three days out of Tubarao-Vitoria, Brazil, Lloyds Shipping Intelligence said. The vessel, carrying 100,000 tonnes of cargo,
        Reuter  -  58 words
      • Article
        Lock icon Unocal to reroute tankers
        87 23 Reuter UNOCAL CORP will reroute its oil tanker traffic outside the Santa Barbara Channel, effective immediately. The company said its decision was in response to a request from state representative Robert J Lagomarsino, a Republican from Ventura, California. "We have some concern regarding outside traffic without
        Reuter  -  87 words
    • Article
      Bengal Tiger charters 3 ships for feeder services
      457 23  -  By JEAN FOONG BENGAL Tiger Line has chartered three vessels on a long-term basis to extend its range of feeder services to the Indian Sub-continent. One of the ships will be used to start a new service to the west coast of
      457 words
    • Article
      Index to advertisers
      966 23 ABBS line XII ABC Containerize XI Accord Shpg vni AfS XIII Ahrenkiel Liner XII AC Toepfer XIII Arrow lines XI Assoc Carriage XHI ANl III A PC line VII API V ASCI V Atlas line XII BoltCanoda line IX Bolt-Orient line IX Baltic Orient Shpg XI Bonglodesh
      966 words
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      Lock icon Mitsubishi plans to set up Thai unit
      85 23 Reuter MITSUBISHI Warehouse and Transportation Co Ltd is considering setting up a transport subsidiary in Thailand around September this year, a company spokesman said. The company has already set up a resident office in Bangkok but the move aims to meet a rapid
      Reuter  -  85 words
    • Article
      World shipping situation still 'fragile'
      274 23  -  CISICI pocipic By RAHITA ELIAS WORLD SHIPPING is moving towards greater stability. However, the current situation is still "fragile" and its players "cannot rock the boat." Mr James Davies, chairman of the International Maritime Industries Forum (IMIF), said "the present state of shipping is better
      274 words
    • Article
      'One-stop shipping'
      183 23 WITH RISING intermodalism, the challenge for international ports is to become integrated international distribution centres. Illustrating his point with the Port of Seattle, Mr Zeger J J van Asch van Wijck, the port's executive director, said: "We operate and manage our own transportation, distribution and warehousing. Our value-added
      183 words
    • Article
      M'sian exporters hindered by lack of services
      440 23  -  By KARTINI ABD KADIR MALAYSIAN exporters are not able to benefit fully from the opening up of new and potential markets due to inadequate and irregular shipping services. Malaysian port authorities are, therefore, urged to aggressively market their services abroad. They should also
      440 words
    • Article
      Thai deep-sea port contract cancelled
      247 23  -  By Richard Ng THE Thai Industry Ministry has cancelled the signing of a multimillion dollar contract to build Mab Ta Phud deep-sea port scheduled for yesterday the second time the ceremony has been cancelled in a month. The minister, Mr Banharn Sila-pa-archa, and his deputy,
      247 words
    • Article, Illustration
      Lock icon Strong recovery for Japanese lines
      740 24 Reuter MAJOR Japanese shipping lines are likely to show a strong recovery for the year ended March when they report their 1988/89 results on May 26. "They're out of the red and into the black through higher freight rates, rationalisation and diversification," said Cindy Baker,
      Reuter  -  740 words
    • Article
      Lock icon Philippine wants to expand coverage of SGS scheme
      482 24 Lloyd's Maritime Asia THE PHILIPPINE government has decided to expand the coverage of its comprehensive import supervision scheme (CISS) recently to include South Korea, Thailand, Singapore, Malaysia, Indonesia and Brunei in an effort to curb technical smuggling. Currently only imports from Japan,
      Lloyd's Maritime Asia  -  482 words
    • Article
      Shipping events
      381 24 May 25-26 Practical Forecasting of International Oil Trade and the Tanker Markets. This course provides an understanding of the techniques used and current industry practices, involved in tanker transportation forecasting and planning in the oil and shipping industries. For details The Registrar, the College of Petroleum Studies, Sun
      381 words
    • Article
      Bunker market report
      539 24 Density Water Carbon Residue Ash Aluminium Sediment KG/M*3 V/V M/M M/M PPM M/M Exxon method ISO/Cimac limits Spec E25 Spec G35 991 991 1.0 1.0 15.0 18.0 0.10 0.15 30* 30* 0.15* 0.15* Northern Europe 180 Ave 180 Max No above E25 984 993 3 0.2 2.0
      539 words
    • Article
      Who acts for whom ...
      2333 24 Who acts for whom A —B AB Shipping Boustead Shpg Agenciea (S) ABBS Lin* SMS Pte Ltd |S)/Tunu Setia (PK/KL). ABC Containerline NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Lin* (PK/PN) Ahrenkiel Liner Kim Shpg (S) Alfred C Toepter Oceanua Shipping Agancy (S)/Murtiport Sdn Bhd (PK)
      2,333 words
    • Article
      Two more Indian docks to be set up soon
      222 25  -  -By Ajit Agharkar TWO new drydocks are likely to be set up soon in India one along the east coast and the other along the west coast at an estimated cost of Rso.B billion. The Indian government has already granted approval
      222 words
    • Article
      London Freights
      1006 25 FREIGHT rates for June grain cargoes from the US to the Far East weakened on Wednesday with adequate tonnage currently available for that period after the recent tight supply picture, brokers said. Further details emerged for a fixture rumoured on on Tuesday from the US Gulf to Japan,
      1,006 words
    • Article
      SHIPPING LIST where your ships are due...and when
      10644 32 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore
      10,644 words
    • Article
      SHIPS IN PORT
      1454 36 AT CONVENTIONAL WHARVES VMMI Voy No Berth Arrival D«partur« keppel wharves ApnlGI 141 KI8 alongside 26 05/ 0300 Coral Pent 479 IP) K36 alongside 26 05/ 1030 Ko Heng 8903 K30 alongside 26 05/0600 Kola Baron i E 792 K33 alongside 30 05/0600 Koto Ekspres E793 K3I
      1,454 words
    • Article
      Lock icon West Germany making changes to crewing rules on ships
      321 36 Fairplay CHANGES are being made in the Schiffs-besetzungs-verordnung the German rules governing the crewing of ships to accompany the second register which was passed into law on April 15. The changes, demanded by parliament, will mean that the majority of command
      Fairplay  -  321 words
  • Page 23 Advertisements
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      17 23 I tTHLfiMK) Dictionary of IttWMS A lively way with words AvaHabie at all good bookshops Federal Publications
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      18 23 Lines and services represented by Members of the Registry of Accredited (*U/£»fkV Shipping Agents, Singapore National Shipping Association
      18 words
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      Page 23 Advertisements Column 3
      244 23 "The Illustrated Encyclopedia of Wildlife" ■BQBEB9HK iwmn/m Fortnightly at all good bookshops and news-stands. STP Distributor! Fil in someone overseas about Singapore. VP* B**^ safe aSV v t et yozM£ W -k* -fs^X;;s rZxjrZ The Straits Times k Weekly Overseas W J Edition. It's the weekly Ji newspaper, printed on
      244 words
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      Page 23 Advertisements Column 4
      144 23 INSIDE W 33*5 ■m i 'x m tS*. trii 5P 31 ji—7 WX'£& ISWK t Strong recovery MAJOR Japanese shipping lines are likely to show a strong recovery for the year ended March when they report their 1988/89 results today. PAGE II Two more drydocks TWO new drydocks are likely
      144 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      946 25 JAROINE SHIPPING AGENCIES 200 Cjnloflm*«» Road 01? 05 Soolhpo.nl S nuoox 0701 M 221«)I1 mi* NO RS ***** terminai,cfs th *****18 220 BOOKINGS Te4 *****14 235 PtSAKA JAROINE SHIPPING AGENCIES SON MO POftT HUANG IU ****** Telei No MAJM7//MAJS/01 PtNANG 111 (***** TIIIX NO MA4QO/3 CIS Til WW* PGUOANG Til
      946 words
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      Page 25 Advertisements Column 2
      1002 25 -#1 MAERSK LINE 'Port 'Ptnang Mgg| DESTINATIONS Sailed In Pi 1/6 2/6 ft/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 16/6 21/6 24/6 25/6 26/6 1/7 2/7 S/7 8/7 9/7 12/7 15/7 16/7 19/7 22/7 23/7 26/7 29/7 31/7 2/8 5/8 6/8 9/8 22/6 24/6
      1,002 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      749 26 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ROTTERDAM/ ANTWERP TOLAGA BAY 04/599 1/6 3/6 20/6 22/6 24/6 25/6 AGA 07/540 1/6 23/6 18/6 20/6 16/6 HEIDELBERG EXPRESS 01/581 7/6 9/6 27/6 29/6 1/7 HARTFORD EXPRESS 01/595 9/6 30/6 3/7 1/7 ALASKA MARU 05/562 14/6 16/6 4/7 6/7 8/7 9/7 MONTE ROSA 02/543
      749 words
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      Page 26 Advertisements Column 2
      421 26 COLUMBUS LINE REEDEREI GMBH <A SERVICE OF hamBURGSUDI W EWfSS SCMKOmild SERVKE T C S PORE RDM/A DAM HBG MULL (U K.) 12/6 11/7 15/7 11/7 IV7 11/1 16/« 20/8 1«/» 12/9 lg/9 21/9 (ASIA-SOUTH PACIFIC JOINT SCR| L'JjjL.' I .li.U' 1 1' l" i f'F SPORE TAYRi(yi<\!fK UGINI 27
      421 words
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      Page 26 Advertisements Column 3
      1068 26 anirrinu nmr-3, rnaay, may 1909 TO EUROPE (VIA FEEDER) MnoAQiA PBiNrrcc Mil iic ~c SI .H FLX HAI BRE R OT ANT LEH NORASIA PRINCESS 8911-3 1 6 2/6 4/6 28/6 217 117 1/7 in NORTH SEA 912-W 14/6 15/6 16 6 ffi? 14 7 15 7 JR ,J/? ,fi?
      1,068 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1278 27 Steamers Maritime Holdings Ltd CONTAINER SERVICE TO UK CONTINENT Also Accepting Cargo For: Mjm6ufl to CopmMUfWV Ajrhus Gothenburg Mjlmo Stockholm Helsinki Sonderburg Rotterdam to Antwerp. Amsterdam Oslo. Basle Zurich Br«i»enha»en to Bremen Southampton to all UK destinations. Belfast and Dublin ||CQNTAINERSHIP SERVICE FROMUK CONTINENT Na« toko Kobe P Klat Png*
      1,278 words
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      Page 27 Advertisements Column 2
      977 27 Ta.CHO YANG LINE WEEKLY EXPRESS INDEPENDENT FAR EAST/EUROPE FULLY CONTAINERISED SERVICE [?;«i BOUND CHOYANG SUCCESS 003W HANJIN TONGHAE 06IW HANJIN ROTTERDAM 003* CHOYANG CHANCE 042W Alio accepting for Inland UK destinations Antwerp and Scandinavian poets Ldg for HK/KAO/KOBE/YOKO/BUSAN FLOTA MERCANTE GB A NCO LOMBI A N A S A TRIDENT
      977 words
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      Page 27 Advertisements Column 3
      41 27 SRI LIKU 10/89 MIRI/K. BCLAIT 2S/S 26/5 Receiving cargo at K2 (PSA Marina Wharf) from Monday to Saturday MARINA WHARF OfFICE TEL: *****38) EURO BOX LINE EXPRESS CONTR SVC TO CANARY ISLES, PORTUGAL, W. MED ACCEPTING FCI LCL TB All DESTINATIONS
      41 words
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      Page 27 Advertisements Column 4
      358 27 j@SC.Hai Sun Hup Co (Pte) Ltc TEL *****06 (20 Lln««) TLX R*****1 R*****2 ft. KASTKKN \K I.INKK I I'D STIAITJ/ JAP AM/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT! VESSEL SEKI «ki AUDT i U VOY. NO. Spore P. Kelang Penang SEKI NAGOYA 67 AMRTA V 3 11/6 13/6 Hong
      358 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      459 28 lUXSINOSE MARITIME PTE LTD ISLAMIC RIPUBUC OF I MAN SHIPPING UNIS IRANIAN SERVICE IRAN BAYAN PJI7OO Singapore Loading for:27/5 BANOAR ABBAS I**OWA\ KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL KYOWA VIOLET V 25 KYOWA HIBISCUS V 37 LOAD FOR GUAM. SAIPAN. HRA, VILA. NMA. LTK. SVA. PAGO. APIA GUAM. SAIPAN.
      459 words
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      Page 28 Advertisements Column 2
      586 28 r@ HANJIN SHIPPING CO., LTD y;[: v «."ONtainerised ser\ t<& TO FAR EAST PORTS TO PACIFIC NORTH WEST CANADA FROM EUROPE VIA SUEZ CHOYANG CHANCE 041E 3/5 HANJIN MASAN 048E 10 5 HANJIN LE HAVRE 001E 17/5 QUEEN'S WAY BRIDGE OWE 24 5 L* Havre R dam H burg B
      586 words
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      Page 28 Advertisements Column 3
      181 28 INTEROCEAN LINE 78, 2nd Floo*. Jalan 2/71, Taman Tun Or. lamall, ***** KL. Tal: 71W734, *****04, *****2* TLX. NO. MA-***** FAX: 03-7173*11 Panang Off Tal: 3*0427. *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN IK REGULAR UNER SERVCES (FOBWGMTUV SA4JNG) mONG KONG PORT KELANG
      181 words
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      Page 28 Advertisements Column 4
      1040 28 r SHIPPING TIMES, Friday, May 2t», EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) PROVIDENCE. NEWARK SAVANNAH 90S TON PHILADELPHIA. NORFOLK JACKSONVILLE WILMINGTON KRRRJOA. ETC I) ATLANTA, CHtCAOO. DETROIT. COLURMUS A OTHER MAJOR MICRORKIDCE DESTINATIONS RUB r La UN Vjf 21*7 22*7 23*7 25*7 vm
      1,040 words
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      Page 29 Advertisements Column 1
      717 29 PACIFIC INTERNATIONAL LINES PIL Building. 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES CONVENTIONAL/SEMI-CONTAINER SERVICES REP SEA/EAST AND WEST AFRICA KARACHI/M.E. GULF VESSEL KOTA MULIA KOTA ABADI KOTA RATU HONGKONG SINGAPORE LOADING FOR: 2-3/6 8-12/6 COLOMBO, DAMMAM, KARACHI 14-15/6 20-25/6 KARACHI, DUBAI, DAMMAM 14-15/7 20-25/7 KARACHI, DUBAI, DAMMAM
      717 words
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      Page 29 Advertisements Column 2
      144 29 THONG SOON CONVENTIONAL SERVICES SINGAPORE TO PENANG 25 MAY 27 MAY KIM SOON LI til SINGAPORE TO KUCHING E E 15/89E 21/89E 2/89E 1/89E FULL CONTAINER SERVICES SINGAPORE TO SIBU DEST KUCHING KUCMING KUCHING KUCHING KUCHING KUCHING EQUATOR GRACE EQUATOR JADE EQUATOR GRACE SINGAPORE TO SABAH PORT DEST K. KINABALU
      144 words
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      Page 29 Advertisements Column 3
      482 29 BEIT LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT TJwTT*LAic~r STON HAM B HAVEN ROAM HAVRE nn u* is* iv» 14* 14/f jm '!!"2 S m 2m 7j/i i%4 ki m M an i* v? m v \fZ-. M *> m Z io *P 1/7 IP W UP J*J v 1/7
      482 words
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      Page 29 Advertisements Column 4
      327 29 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYI P.T. 6ESURI LLOYD P.T. SAWHSIA IWOKSIA P.T. TMKOM LLOYI EXPRESS SEMI CONTAINERSMIP SERVICES SINGAPORE TO EUROPE VSL/VOY SPORE ANTWERP H'BURG/ RDAM ADAM BREMEN SRIWIJAYA/26W8 9-12/6 8/7 13/7 S. PANJANG/22 WB 17-19/6 13/7 IW7 KUTAI/17WB 27-30/6 26/7 31/7 Sublet to Inducamant. Also
      327 words
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      Page 29 Advertisements Column 5
      414 29 BOUSTEAD SHIPPING AGENCIES PAGAN VI4IW LOIKAW VI4SW HTONEYWA V2UW PA-AN VI39W MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok BANK LINE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE RDAM HMBG HULL IVYBANK V24N 15/6 14/7 18/7 21/7 TAUSALA SAMOA VISN 15/7 11/8 16/8 20/8 CLYDEBANK
      414 words
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      533 30 K LINE KAWASAKI KIShN KAISUA. LTD. N. AMERICA-ATLANTIC COAST RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP VIA FEEDER N. AMERICA PACIFIC SOUTH-WEST MOTHER VESSEL MACKINAC BRIDGE BROOKLYN BRIDGE GEORGE W. BRIDGE MANHATTAN BRIDGE FEEDER VESSEL VOY NEPTUNE TOPAZ 2E SEVEN SEAS BRIDGE 71E HONGKONG CONTAINER 60E RHEIN BRIDGE 2E
      533 words
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      Page 30 Advertisements Column 2
      204 30 7JESSELTON @a#r>IMIG (P?@ I®® J Agents for: HSING WEN SHIPPING PTE LTD 5 Shenton Way, UIC Building #15-09, S pore 0106 Tele*: RS ***** Fa*: *****37, Tel: *****88 REGULAR SERVICE TO BRUNEI SABAH PORTS ACCEPTING CARGO ETO ETA ETA ETA LABN KK AT Klg SPORE MUARA Sailed 28/5 28/5 31/5
      204 words
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      Page 30 Advertisements Column 3
      639 30 AUSTRALIA EXPRESS CONTAINER SERVICE 53 Accepting FCL/FCL Container* TULSIOAS 41 KALI DAS V 43 TULSIOAS *42 KALI OAS V 44 TULSIOAS 43 Singapore Mother Vsi 4 June 2 Jul) 21 July 22 Aug 14 Scot P Keiang Penang laiding for Br Feeder By feeder 29 Ma. 29 Ma, Transit time
      639 words
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      Page 30 Advertisements Column 4
      497 30 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. Trtoti Ayw Street SINGAPORE 0104 TEL 5343W (10 LINES) fai *****04 STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST Cotombo Karachi Dubai COLDEN WONDER Colombo Karachi Duba. CHINA SERVICE BAI TUN SHAN Furtou Shanghai S'pore 3/4 June IMO June P Kslang Penang CHINA OCEAN SHIPPING
      497 words
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      Page 30 Advertisements Column 5
      477 30 anirriiNij iimw, t-riaay, May Zb, £B PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD »07-12 AFRO ASIA BUILDING SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 VESSEL EAIT/FM EAST PCI ft LCI IBjjjg |ETA SINGAPORE [DESTINATION 2/6 H6 16/6. 21/6 2/6. 9/6. 16/6 a JEDDAH (LCL) WEEKLY AQABA HOOEIOAH
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      Page 31 Advertisements Column 1
      620 31 NEPTUNE AGENCIES PTE. LTD FE EU/AUST TPA/! NEPIINE SON BHD r Penjng *****5 (CR NO. **********0E) NEPTUNE ORIENT LINES LTD EXPORT IMPORT FI)R VSL/VOY Perka-a 76S Perkasa 77S Perkasa 78S Perkasa 798 Perkasa SOS Perkasa HIS VESSEL/VOY A. Temasek 90S A. Australia 08S A. Melbourne 03S A. Asia 84S TO"
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      Page 31 Advertisements Column 2
      133 31 hx JE CONTAINER LINE TEL: *****59 FAX *****63 NOW LOADING JAPAN NEW ZEALAND JE CNTR LINE (P KELANG) TEL (03) 367 1200 1 JE CNTR LINE (PENANG) TEL (04) *****6 INDIA/S.E. ASIA Conventional/ LCL/FCL Service To COLOMBO, KARACHI, CHITTAGONG, BOMBAY, MADRAS CALCUTTA VESSELS AVAILABLE FOR SALE/CHARTER/TRANSHIPMENT MV "AARON F" SIN/BKK/SATTAHIP
      133 words
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      Page 31 Advertisements Column 3
      524 31 HEUNG-A SHIPPING Korean Flag Vessels «7 no* AW SEW CONTAINERISED DIRECT SERVICE TO KEIANG PENANG KEELUNG BUSAN INCHON Vessel's Name ETD BS S PORE PKLG KEE CLORIA-905N 10/05 In Port 71-22/05 01-01/06 •DRAGNET/905N 2105 31 0106 02 03-06 (HK) NO I DONAM/90SN 27/05 06 0806 09 10/06 U-ILO6 GLORIA,WN 0506
      524 words
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      Page 31 Advertisements Column 4
      776 31 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Tele* Numbers RS ***** RS ***** RS ***** PINANC p KELANG MESSRS MAI TMONC SUITING 127 Penanf Street. Pening. Malaysia M S HANDLING SYSTEM CO
      776 words
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      Page 32 Advertisements Column 1
      287 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEI 225 6868 (34 Lines) FAX *****39/*****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD DSR-LIIIES VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND E. THAELMANN 4/89 T. WENDA 1W WIIHELM
      287 words
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      Page 32 Advertisements Column 2
      101 32 T.S.K. LIME WtEKIY CONTAINERISED SEAVICE WITH FIXED OAY ARRIVAt EXPORTS TO TAIWAN JAPAN HAKUSAN II VS CONTINENT VH KABUKI V 22 HERMES ACE V 22 HAKUSAN II V 7 CONTINENT V 23 iLauaaaiatatatitiai IMPORTS FROM JAPAN TAIWAN CONTINENT ¥22 KABUKI V 22 HERMES ACE V 22 HAKUSAN II VI CONTINENT
      101 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      174 32 n Era T Regional Weather 62 m s n St > 1 r i 3c SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May 26. 1989 R Thunderstorm Temperature •<- X\ V Shower Weother Wmd direction with speed m knots Rom V-' Cloudy Sky Wove he*h, Swrfoce *mdl ore md*COted
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      573 33 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 j IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT MV ALKINDI EAST BOUND SERVICE ETA S PORE LOADING FOR 29/5 Um Qsar/Basrah/Baghdad THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BAGHDAD REEFER SPACE AVAILABLE UPTO
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      Page 33 Advertisements Column 2
      262 33 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL *****33 (10 Lines) FAX *****15 TELEX RS ***** RISHIP (3 Lines) i\ Tf IT (liriwwt t of Ethiopia) ACCEPTING FCL AND CONVENTIONAL DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA MOO£IDAH DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA MOO6IDAH Other ports along the route workable on inducement. r
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      Page 33 Advertisements Column 3
      967 33 0 SIGMA EXPRESS |S) PTE LTO TEL: *****44 FAX *****75 ACCEPTING CARGOES FOR: BANGKOK 28/5 BUSAN 28/5 BOMBAY 30/5 COLOMBO 28/5 CHITTAGONG 28/5 HONGKONG 31/5 CALCUTTA 30/5 MUARA/LABUAN/KK 29/5 KUCHING/SIBU 31/5 TOKYO/YOKO/KOBE 30/5 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 31/5 ALSO ACCEPTING
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      Page 33 Advertisements Column 4
      107 33 BALTIC ORIENT SHIPPING PTE LTD. Hamburg West Germany Tiger Line INDEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS SHUTTLE SINGAPORE CALCUTTA MV TIGER BAY. MV SUSAK Agents: BEN LINE AGENCIES (S) PTE. LTD Telephone: 225 3522 Telex: ftS ***** MAINFREIGHT (s) pte ltd > Id: *****12 (C lines) IS mcallom Mreet *05-04
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      Page 33 Advertisements Column 5
      97 33 Mfargo shipping Tel: 824 0188 frt REG VICE TOKYO. KOBE. BUSAN (FCL ONLY) KARACHI. BOMBAY. COLOMBO (FCL ONLY) ABC CONTAINERLINE N.V. TO AUSTRALIA/NEW ZEALAND VSI C. VEROUK 225 s/t |l» M ANTWtBPEN m 2M 2M I 4/7 TUT EXPRES 221 B<7 I 2V7 I 31/7 t MOtMC 221 lit 1M
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      124 34 THE NATIONAL SHIPPING COMPANY Of SAUDI,ARABIA REGULAR RO-RO SERVICE TO MIDDLE EAST SINGAPORE P KELANG DAMMAM J w/ I 22 JUL 23 JUL j I Accepting Breafcbulk, Ro/Ro. Containers FCL Containers for Sharjah, Doha and Riyadh. REGULAR RO-RO SERVICE TO USA/CANADA ESSEL DIRIYAH MERZARIO ABHA 20 JUL NORFOLK 22 JUL
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      Page 34 Advertisements Column 2
      321 34 OcebdSeruice LCL/FCL SERVICE TO/FROM operates over 600 terminals/offices in U.S.A. maintains over 35,000 tractors trucks, serve* over 60,000 points in U.S.A. often reliable LCL/FCL services. SINGAPORE JawseSss"' *****22 (22 LINES) 02****** Contact: Elaine Teo, Esther Yap. 21 *****4 shipping (Singapore) private limrted Cargo bookings r<H: *****88 (5 I.INES) REGULAR LINER
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      Page 34 Advertisements Column 3
      348 34 >j C SAV Suw <3m»r cjf :joor»-> S SERVICE TO/FROM EDM S PORE MOTHER VESSEL HK T0«0 A RICA IQQ ANTOf VALP SAI CTE SSEL V 1 3/6 C. OCEAN V 2702 1« Iff if 7 14/7 J4/7 V 2 17# ARAUCO VIBI 2/7 I*7 1M 21/1 3/1 2U SAV
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      695 35 I Everett Lines! COMPANIA PERUANA TOfcA. oe vapores "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS' WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. MANOLOEVERETT ROSEEVERETT JOHNEVERETT ORIENT LINE" W JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA, KOBE, NAGOYA, MOJI,
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      Page 35 Advertisements Column 2
      428 35 ZIM FULL CONTAINER SERVICE xcepting FCL/LCL cargoes to USA East ft #e*t Coast Carnbbean East Canada. HAITI Costa Rica. El Salvador Guatemala Honduras Venezuela. Peru, Ecuador. Colombia via Miami, Trinidad. Barbados Anticua St Lucia. Montserrat. Guayana via Kingston i-njMiUSMUISI-irBIUU IM MELBOURNE 3* ZIM PUSAN IM YOKOHAMA Jfi ZIM TOKYO IM
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      Page 35 Advertisements Column 3
      644 35 JAKARTA I SURABAYA 30/5 30/5 PIYA BHUM 413N JENLINK 109N DESTINATIONS ETA SINGAPORE PORT KELANG 03 JUNE MANILA 28 MAY HONG KONG ALL CHINA PORTS 29 MAY KEELUNG. KAOHSIUNG 28 MAY BUSAN 31 MAY TOKYO. KOBE 30 MAY CHITTAGONG 1 JUN DUBAI 3! MAY SYDNEY. MELBOURNE 30 MAY ROTTERDAM. HAMBURG.
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      Page 35 Advertisements Column 4
      477 35 PKRINTBS LINE WEEKLY full container service ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA ETA ETD ETA ETD PRABHAKTi 264-265 30/5 31/5 2/5 2/5 (TUES) 266 267 6/6 7/6 9/6 9/6 268-269 13/6 14/6 16/6 16/6 VOY SINGAPORE SURABAYA ETA ETO ETA ETD PRASETIA 44/45
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      Page 35 Advertisements Column 5
      444 35 r Page XIII PTC CONTAINER LINES FCI ICI SERVICE UN FAB EAST 28/5 KEELUNG/KAOHSIUNG 30/5 BANGKOK 28/5 MANILA 3/6 JAKARTA 3/6 PORT KELANG/PENANG 1/6 BUSAN 30/5 TOKYO/YOKO/KOBE 29/5 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuztiou Xiamen/Xingang/Shanghai SIN EUROPE/UK 27/5 RDM/HAM/ANT/LE HAVRE/GENOA 27/5 LDN/FLX/LVP/SOU SIN USA/CANADA 28/5 L.A./NYC/SFO 30/5 VANCOUVER/TORONTO/MONTREAL SIN
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      229 36 SWISS SHIPPING PTE LTD 52 Telok Blangah Road f|JO3-07. Telok Blangah House Singapore 0409. Tel: *****68 (8 I,lnes) Tlx ***** SSFA P Kelang Office Tel: 03 *****48 C/R NO. 1176 *****00 H FAR EAST/EUROPE MONTHLY BREAK BULK SERVICE ETA SIN PKL PEN GASIKARA 1975 10/6 13/6 17/6 ANTWERP, HAMBURG, ROTTERDAM.
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      Page 36 Advertisements Column 2
      79 36 COLUMBUS LiNt j\ S ytw\WESTERN AUSTRALIA-F.E (WAFE) CR NO 1048 LINE SERVICE **********R SOUTHBOUND VESSEL VOY YKH OSK HK SPORE FREM GTON KAPITAN SILIN 4 31/5-1/6 2/6 7/6 12/6 19-21/6 22/6 KAPITAN BABIVEVSKIY 5 17-18/6 20/6 25/6 30/6 7-9/7 10/7 NORTHBOUND VESSEL VOY FREM GTON SPORE HK OSK YKH KAPITAN
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      Page 36 Advertisements Column 3
      471 36 FREIGHT SERVICES 15 HOE CHIANG RD #11-06 SANFORD BLDG (0208) AUSTRALIA IMPORT/ EXPORT SYDNEY MELBOURNE BRISBANE ADELAIDE 27/5, 3/6 HONGKONG 2/6, 4/6, 9/6 BP TEL: *****66 (8 lines) PT PELAYARAN MUTIARA SAMUDRA AGUN6 SAMUDERA 102 29/5 BATAM/PERAWANG KUALA SIAK 2/6 P. BARU/PERAWANG KUALA SIAK 16/6 SAMARINDA/BALIKPAPAN 5 vessels (weekly) to
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      Page 36 Advertisements Column 4
      229 36 oY*v Mitsui OS K. Lines. .Ltd ANNOUNCEMENT Resulting from rapid expansion within our organisation necessitating the establishment of separate operational centres, we would like to advise our clients of the following changes (resiting) of our office. A. 17th FLOOR THE ARCADE Tel *****11 Head Office (Management) Marketing/Booking USA Service Marketing/Booking
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