The Business Times, 29 May 1989

Total Pages: 36
1 36 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 MONDAY, MAY 29, 1989 75 CENTS
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  • 336 1 Agencies OUTGOING JAPANESE Prime Minister Noboru Takeshita's choice to succeed him, Foreign Minister Sousuke Uno, left for Paris yesterday on government business. But sources said Mr Uno would return this week if the call to power comes from his party. Nearly all major
    Agencies  -  336 words
  • 51 1 THE SEVENTH PARLIAMENT resumes today. The House will, among other things, debate a motion in support of the principles underlying the recent package of disincentives to curb vehicle usage. The motion will be moved by the chairman of the Government Parliamentary Committee for Communications and Information, Dr Hong
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  • 526 1  -  GOVERNMENT TO PLAY SUPPORTING ROLE By WALTON MORAIS THE GOVERNMENT has passed to the private sector the task of leading Singapore's small- and medium-sized enterprises on to the world stage in the *****. In a major shift of strategy, the government says the business chambers
    526 words
  • 399 1  -  By FOO CHOY PENG THREE PLOTS of government land go under the hammer today in an auction that will indicate whether Hongkong's stock market blues and China's political uncertainty have dampened the property market. The three plots of land two industrial
    399 words
  • 356 1 JflThe China question Agencies ABOUT 150,000 protesters rallied in two of China's biggest cities yesterday in defiance of their hardline communist rulers whose threatened repression has reduced overt support for the pro-democracy movement. The Chinese students were, however, backed by about 500,000
    Agencies  -  356 words
  • 622 1  -  By BOEY KIT YIN,JOHN THOMAS SINGAPORE has teamed up with France. Australia and China in an ambitious programme for their aircraft companies to jointly develop and build a light helicopter for civil and military use. The project, whose details are expected to be
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  • 372 1 Reuter NO ONE but a clairvoyant would predict with any certainty what's going to happen to Hongkong's highly volatile stock market this week. "Violence in Beijing could knock another 300 to 400 points off the market," said Phillip Chan, manager of equities
    Reuter  -  372 words
  • Page 1 Advertisements
    • 327 1 Need a housing loan? 'AYFOONG 737-7977 Jtp) Way tix*ig Mortgage Aixl Finance (S) Ltd A wholly-owned subsidiary of llongkongH.ink h Claymore Mill #***** Claymore Pta/a. Singapore <N22 MANAGEMENT n i ALL THOUGHT processes, according to Hans Morawa, can be simplified to 12 'archetypes', or innovative prototypes of thinking. CHUANG PECK
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    • 196 1 More stories, PAGE 2 Local SMEs 2 Lagging in productivity Japanese companies 4 Remarkably higher profits Moody's credit ratings 4 Canberra questions competence US first quarter trade 5 Best in four years OUB Issuing $100 m NCDs DBS Bank staff 7 Moving to Clifford Centre Aerospatiale 10 Spreading its wings
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    • 39 1 MIKIMOTO The Originator of C ultured Pearls Since 1893 C. T. HOO 27 Tangin Rd. import 1024 Til: *****43 *****63 #01 22 Tan«fcii Shoppmi Cmtri T* *****47 Spreading its wings wider and soaring higher, PAGE 10 fi 4* j>
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  • FOCUS
    • 537 2  -  Foreign outfits have edge in net fixed asset investment per worker The Masterplan for Small and Medium-sized Enterprises, a year in the making, was released yesterday. In the recommendations, a key place went to cooperation between the private and public sectors in efforts to put
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    • 607 2 PET COMPUTER SERVICE FROM $8,000 to dreams of being a multinational corporation, Ng Gak Seng's story is a fairy tale, if indeed fairy tales are possible in the business world. But with a paid-up capital of $870,000 and turnover of $15 million, the dream is just
      607 words
    • 588 2 OCULUS CONTACT LENS AS THE ONLY local company making contact lenses, Oculus Contact Lens is a David in a market that boasts such Goliaths as Bausch Lomb, Ciba Vision and Hydron. In just 10 years, a $250,000 operation has grown into a $2.5 million
      588 words
    • 292 2 SMALL- and medium-sized companies (SMEs) in Singapore contributed less to the national economy when compared with the contributions of SMEs in newly-industrialising economies such as Taiwan, Hongkong and South Korea. According to the SME Masterplan, this reflects the more dominant role of
      292 words
  • Page 2 Advertisements
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  • MANAGEMENT
    • 665 3  -  By CHRISTOPHER LORENZ FT A WESTERN management consultant was asked to help polish up the English translation of a strictly internal company document for a Japanese client, a leading consumer electronics multinational. To the consultant's surprise, the document's title was World Conquest Plan. Few Western
      FT  -  665 words
    • 835 3  -  chuang peck ming talks to the creator of Quickstorming CHUANG PECK MING IT BEGAN EXACTLY 40 years ago in West Germany with a question posed to a Nobel Prize winner for literature, Thomas Mann: "How do you produce such good novels?" Mann did not provide
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    • 558 3  -  Ly Spotlight on Management By ANTHONY CHEONG Anthony Cheong is a manager of an international accounting firm. "A COMPANY'S efforts must be continuously directed toward 'rejuvenating' its activities. The lack of such activities means regression, loss of market share and less financial capacity
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  • Page 3 Advertisements
    • 125 3 NEW TECH PARK FIRST IN SPACE. SINGAPORE'S FIRST TOTAL MANUFACTURING ENVIRONMENT. HIGH TECH SPECIFICATIONS: A FUTURISTIC PRESTIGE BUILDING •> AFFORDABLE SMCE FOR LEASE ADJACENT TO CTE LANDSCAPED ENVIRONMENT f FOOD COURT SPORTS FACILITIES FOR TENNIS, BADMINTON, BASKETBALL, NETBALL AND SEPAK TAKRAW w i y--4 A m >7 r m i
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  • ASIA-PACIFIC
    • 573 4 STRONGER YEN TURNED OUT TO BE A BLESSING NYT NEW JAPANESE corporate earnings reports reveal a remarkable surge in profits that indicates that the stronger yen, which so many firms once feared, has turned into a blessing. The country's top six steelmakers posted aggregate
      NYT  -  573 words
    • 495 4 Reuter THE AUSTRALIAN government questioned the competence of Moody's Investors Service after the American credit ratings agency said it would review Australia's rating for possible downgrading. Moody's announced on Friday it was reviewing Australia's AA-1 rating because of concerns over the country's high current account
      Reuter  -  495 words
    • 222 4 FT THE UNREST in China has forced Zhu Rong Ji, the mayor of Shanghai, to postpone the launch this week of his project to form an international panel of top businessmen which would advise him on the development of joint ventures with
      FT  -  222 words
    • 409 4 AP THE PROFITS of Japanese telecommunications giant Nippon Telegraph and Telephone Corp dropped in its first year of real competition following its conversion to a private company four years ago, officials said last Friday. NTT posted a 14.3 per cent decline in unconsolidated
      AP  -  409 words
    • 249 4 AP JAPAN'S 80.41 trillion-yen (U*****.5 billion) national budget took effect yesterday, with defence spending and development aid showing the largest gains. Total government spending for the fiscal year which began on April 1 increased 6.8 per cent, the largest rise since s 9.9 per
      AP  -  249 words
    • 380 4 IHT THE VALUE of Indonesis's textile exports sosred to nearly US$l.B billion in 1968 from US$lBO million in 1962, and the industry now employs more than 1.5 million people. In recent interviews, Indonesian officials, businessmen and Western analysts said the textile boom was part of a
      IHT  -  380 words
    • 881 4 ARRIVALS Operator S«rvtoa numbf Mm* From MAS MAS SU CM IOM GU SU MAS MA QFA SU GU THA SU TtY SU GU SU THA KU MAS SU SU SU SU SU SU THA GU SU THA CFX THY MAS GU MAS MC ANZ KAL AR SU
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  • Page 4 Advertisements
    • 74 4 WHERE i Does a healthy economy have to equal a dying environment? Will name cards become the most important tool of communication? The answer to these questions, and other intriguing articles, can be found in the June issue of Intersect. Look for it now at all leading book stores PHP
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    • 76 4 TW kusinai pcrton'i dmet crtrjr Twmtf, AkfmM 22M Immn ftarmo lauvamimd Airyrt the WUmg QUI your Travel Agent or Air Canada tt 732tSSS. A BREATH OF FRESH AIR 3 h s. KHSB .and Pickfords, Allied Van Lines Sister Company in Singapore. Experienced, professional Service... door to door by members of
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  • REST OF THE WORLD
    • 306 5 FT A STEEP FALL in energy output led to a contraction in total UK economic activity in the first three months of the year, according to Central Statistical Office figures. Gross domestic product (GDP) fell by a seasonallyadjusted 0.2 per cent between the
      FT  -  306 words
    • 260 5 AFP THE US DECISION not to name countries of the European Community for Super 301 trade action "could help reduce tensions" with the EC over the 1988 US Omnibus Trade Act, the Community's Executive Commission in Brussels said. In a statement on Friday, the
      AFP  -  260 words
    • 375 5 AP MILITARY SPENDING in Western countries grew faster than their economies as a whole in the first half of the *****, according to a study based on US statistics. It was done by Michael Renner of West Germany for Worldwatch Institute, a
      AP  -  375 words
    • 461 5 AFP MAFIA money launderers will be able to hijack currency markets when exchange controls are abolished within the 12-na-tion European Community after 1992, according to a police report just published in Palermo, Italy. An investigation by Italy's fraud squad, the Guardia
      AFP  -  461 words
    • 187 5 Reuter ELATED US business groups on Friday praised the Bush administration's unfair-trader tag on Japan, Brazil and India even though some disagreed with details of the action. The National Association of Manufacturers called the action "a major victory for American manufacturers". The US Chamber
      Reuter  -  187 words
    • 368 5 AP THE United States enjoyed its best trading performance in four years from January through March as the deficit fell 13.7 per cent to US$27 63 billion. The Commerce Department said on Friday that a decline in non-oil imports and the
      AP  -  368 words
  • Page 5 Advertisements
    • 179 5 V\W \W V < (A < > r s\ IV V ..x, i ;v v 4 V& 4 Y v i r- v .-.Vrf t r 4• \>r v v•- *s 4 .<♦•>>: n. \ii <**-*?• Sk'jXfl' < V•*ss& ViA" -1% i .<• .spv !%*>• Vj'i-v 4- ~v >••..» H
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  • Page 5 Miscellaneous
    • 42 5 wm v//1 Max/ Note Mexico Oty Miami Montreal Moscow Nassau New Delhi New York Nicosia Oslo Paris Perth Rio 'Janeiro Rome Son Fris'co Son Juan SonHogo Soo Paulo Seoul Stockholm Sydney Taipei Tokyo Toronto Vancouver Vienna Warsaw \Kt ntnn vy a jnioyTor
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    • 61 5 Doonesbury JOHNSON. HAVE SH£S ON VACAYOU SeeN HONW TION, CAPTAIN. M&. T UJAMTSA SHS HAP A COU dSML I £>S SI m T*\ YSS, SIR. B6IJ/N6 A caieee UNIVERSITY, REUNION* CLASS OF '14' r4 BY GARRY TRUDEAU I m T-tJ Xam kiiv (t i m t 7 M ML m
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  • MONEY AND EXCHANGES
    • 200 6 Reuter BARCLAYS Discount Bank and its major stake-holder Israel Discount Bank (IDB) have warned Israel that Barclays pic will cut links with Israel if Barclays Discount is separated from IDB in a banking privatisation programme. Israeli Finance Minister Shimon Peres decided last week to privatise state-con-trolled banks
      Reuter  -  200 words
    • 185 6 Gold futures on May 25, 1989 100 troy ounces; USS per troy ounce Opon High Low Soflio Mo, 343.70 365.70 365.70 366.00 -1.00 Jun 348.80 369.70 364.80 365.90 1.30 Jul 367.60 -1.30 Aug 372.00 372.80 36/50 368.70 -1.40 Oct 376.80 376.80 372.00 372.60 -1.40 OK 380.00 380.50
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    • 132 6 Reuter BUNDESBANK President Karl Otto Poehl said in remarks published yesterday by a West German newspaper that the central bank aims to steady the mark against the dollar by keeping domestic prices stable. "The influence of the Bundesbank on the dollar exchange is limited. We
      Reuter  -  132 words
    • 167 6 Source: OUB Ltd. THE BOND prices were relatively stable throughout last w«ak men.s in .he US long bonds, .he prices of the 5-,ee, no.M held ZS/wTE July 5-year note closing at 99 13-18 eia sleaay w,m tne The 2-year notes experienced some light selling in view of
      Source: OUB Ltd.  -  167 words
    • 200 6 FT THE DOLLAR staged a strong recovery on foreign exchange markets last Friday. defying two rounds of concerted central bank intervention that included West Germany's Bundesbank for the first time in 12 days. The dollar's rise, after opening sharply lower in Europe and following an unimpressive
      FT  -  200 words
    • 952 6 AFP MOST Asian currencies weakened last week as an already rampant dollar took further fuel from unrest in China. The greenback climbed above 143 Japanese yen for the first time in 19 months and touched a 22-month high against the New Zealand dollar and a 13-month peak against
      AFP  -  952 words
    • 239 6 ASIAN CURRENCY average deposit rates for the week ended May 26 BIO PRICES High Low us 7 days 9 11/16 9 5/8 1 month 9 11/16 9 7/16 2 9 11/16 9 3/8 3 IIKJIllt» 9 5/8 9 1/4 6 months 9 5/8 9 1/4 9 months
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    • 497 6 PLR of banks at the close of business on Friday. May 26 as supplied by the Association of Banks in Singapore: Indicates the average o4 the prima landing rata* of 12 ma|or banks In S'pora BANK PLR ABN Bonk 6% Allied Irish Bonk PLC 6% Americon Express
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  • Page 6 Advertisements
    • 223 6 The Gold Report was not available We bank your way. M/i lb ink s new h* 'fid office is located in smith east Amsterdam It's the one single reason for our growth. Because at NMB Bank, we believe in partnership with our clients. We don't try to meet individual problems
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  • BANKING AND FINANCE
    • 441 7  -  Proceeds will be used to finance expansion plans By DEXTER LEE OVERSEAS Union Bank has signed an agreement to issue $100 million negotiable certificates of deposit. The subscription agreement for the five-year NCDs was signed with lead manager, Morgan Grenfell (Asia), soon
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    • 233 7  -  by DEXTER LEE NEARLY HALF of DBS Bank's staff in DBS Building at Shenton Way will be shifted to Clifford Centre from today. The shift, involving more than 500 staff from nine departments, is to make way
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    • SMALL CHANGE
      • 120 7 A CREDIT card-holder of Chase Manhattan who needed to replace his damaged card rang up the bank to find out on which floor of Shell Tower the credit card centre was located. The operator replied "first floor". The next day, the card-holder went into a lift
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      • 68 7 There has been increasing discussion in Singapore on the impact of a unified European market by the end of 1992. Financial institutions should monitor European Community developments and be prepared to capitalise on emerging opportunities, experts said. Be prepared or risk having your business pared away, they warned.
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    • 98 7 Reuter CHINA signed a contract to borrow 97.18 billion yen from Japan, the balance of a 470 billion yen loan promised by Japan in 1984, the China Daily said. It said the loan, signed last Wednesday in Tokyo, has an annual interest
      Reuter  -  98 words
    • 95 7 Reuter THE HONGKONG Association of Banks decided at last Friday's regular weekly meeting to leave interest rates unchanged. "There were no major changes in interest rates in the United States or worldwide," said association chairman Paul Selway-Swift, explaining why no change was made. Current rates
      Reuter  -  95 words
    • 464 7 Bernama A LEADING American bank has responded promptly to Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad's call for more American entrepreneurs to invest in the country. Riggs National Bank of Washington, DC, is keen to invest a "substantial amount"
      Bernama  -  464 words
    • 293 7 NYT IN THE LARGEST PURCHASE ever of a credit card business, the Chase Manhattan Corp is buying about 1.2 million Visa and Mastercharge accounts with more than US$l.l billion of outstanding debts from the Michigan National Corp. The US$225 million purchase announced on Friday comes
      NYT  -  293 words
  • Page 7 Advertisements
    • 123 7 100 Bf ACH ROAD SHAW TOWERS SINGAPORE 0718 CENTRAL LOCATION. SURROUNDED BY MAJOR HOTELS, NUMEROUS OFFICES AND 4 LEADING CINEMAS. THE BEST IN LEISURE RETAIL UNDER ONE ROOF. THE NEW LEISURE SHOPPING GALLERY IS FOR YOUR BUSINESS. c o e^7 <7 r o BOOK EARLY AND YOUR BOOKS WILL LOOK
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  • COMMODITIES
    • 1754 8 AFP COMMODITY markets continued to be dominated by currency factors over the past week, with operators closely following the fortunes of the dollar. The greenback s exceptional strength early in the week in the face of repeated central bank intervention, which forced the Bank of
      AFP  -  1,754 words
    • 199 8 A P THE CHICAGO Mercantile Exchange and the Chicago Board of Trade have agreed to try to unify their planned after-hours electronic trading systems, the two said in a joint statement last Friday. The announcement came as a marked turnabout for the CBOT, which
      A P  -  199 words
    • 181 8 Bernama MALAYSIA'S palm oil production is expected to rise to six million tonnes by 1995, Palm Oil Research Institute of Malays i a P or i m director-general Professor Datuk Augustine Ong said last week Speaking at a press conference in Kuching, he
      Bernama  -  181 words
    • 137 8 Bernama TIN PRICES closed lower last week as the Kuala Lumpur Tin Market (KLTM) eased 87 sen to M 526.23 a kg due to a lack of demand. Miners fearing another drop in prices were seen to be disposing while buyers were discouraged from making heavy purchases. The
      Bernama  -  137 words
    • 30 8 RUBBER Dot# Closing prices May 22 May 23 Moy 24 May 25 May 26 omgopof S cam/kg 186.00 183.00 178.25 181.50 181.50 AAoioytlo M 0Mi/kg 269.00 264.50 261.00 260.50 260.00
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    • 125 8 Chinese Produce Exchange SoHori' noon doting price* on May 27 (SS/100 kg) Coconut oil Bu* FOB 107.00 OW drum FOB 117.00 Now drum FOB 121.00 Copra Mlxod (loot*) 62.50 Pepper Muntofc whito FOB NIW 552.50 Sarawak wMto FOB foq NIW 542.50 Sarawak spodal black FOB NLW 407.50 Sarawak
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    • 144 8 Telerate FUEL OIL market was quiet in light trade, following the bearishness in crude market. The week ended little changed, with deals done at $96 $97.50 MT FOB Sing for Ist half Jan CSTIBO. Sellers held their prices throughout the week at $98 MT FOB Sing.
      Telerate  -  144 words
    • 186 8 Bernama THE MALAYSIAN crude palm oil (CPO) market was easier last week with May buyer closing at $938.00 against $952 per tonne last Thursday. The market was closed last Friday for a public holiday. The dealers said the easier trend was attributed to weaker overseas sentiment following uncertainty
      Bernama  -  186 words
    • 268 8 London Commodity Exchange Buyer/Seller closing prices on May 26 (£/toon« unless specified). Previous dosing prices in parenthesis. Coffee Rash in-itore London, sellers option GF London Moy 1210/1219 High/Low (1206/1219) 1219/1200 Jvly 1206/1208 High/Low (1205/1209) 1217/1200 C-U-OOlfl (1129) Cocoa Moy 770/807 High/Low (800/815) 815/810 July 808/809 High/Low (818/820) 835/800
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    • 82 8 Reuter LATE liquidation on Friday weighed on Chicago Board of Trade soyproduct futures ahead of the US memorial Day holiday, traders said. European demand and a weaker dollar gave soymeal its starting boost, and buy stops were touched off in spot July above 210.00, drawing buyer interest, traders said.
      Reuter  -  82 words
    • 164 8 Reuter CHICAGO Board of Trade soft red winter wheat futures ended last Friday s session 2-1/2 cents lower nearby to down 5.0 in distant May ahead of the US Memorial Day holiday. The dollar edged higher before currency futures markets closed early for the long weekend, further weighing on
      Reuter  -  164 words
  • Page 8 Advertisements
    • 176 8 How fast can you start again if these records are suddenly destroyed? Two months f Ihree months ()r .1 year Ihe prot ess of gathering lost information tan l>e painful and tedious Worse, it vital information cannot be retrieved and your business suffers as a result. All these <an he
      176 words
    • 5 8 Rubber report was not available
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    • 84 8 Aeroflot now takes you to Europe via Moscow 4 times a week on Mondays, Wednesdays, Thursdays and Fridays. Flights have increased, so have the destinations. Now Aeroflot has direct flights from Moscow to 126 cities in 98 countries. For speed, economy and destinations, fly Aeroflot For more information, contact our
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  • Page 9 Advertisements
    • 457 9 a*nr f r i < :v ]~w "<?r\ [aw* ?4 mjmjm <or «e r* CT tirasagfeft is over Introducing the super-fast, super-powerful, super-expandable 33-MHz COMPAQ DESKPRO 386/33 Personal Computer. Now Compaq brings you the power to do just about anything you can think of. At a speed that's faster than
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  • PERSPECTIVE
    • 1822 10  -  Aerospatiale, though the largest aerospace company in Europe, is hardly a familiar name in Asia. However, an advertisement campaign is on its way to promote its image and it is using Singapore as its springboard to further strengthen its foothold in the growing Asia-Pacific
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    • 545 10 Reuter FEWER WARS, tighter defence budgets and a civilian air traffic boom are forcing arms and aviation giant Aerospatiale to switch focus from military hardware to airliners and helicopters, chairman Henri Martre said. At the same time, the state-owned group, best known for
      Reuter  -  545 words
  • Page 10 Advertisements
    • 91 10 SSSS—SSBHP in ,ft*r u J. -i 'ii t i'Z W A Landmark Function at Singapore's Newest Hotel Whether a function for 10 or 500 people, we have the facilities and trained personnel to handle your requirements ranging from lavish dinners to full-scalg meetings using audio-visual equipment. Our poolside is also
      91 words
    • 31 10 Take a break... Work-out... V//Z r////i Relax... *3 with a massage or at the sauna or steambath. Free parking TV lounge cum reading room Room service available C^nvt^ien n FITNESS CENTRE
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  • Page 10 Miscellaneous
    • 31 10 I KWQTV mR. BRISTOUJ LOe've. BeeN TRLK(NG N FOR TuJeNTV AMD I HftVoTT UNDERSTOOD R WORD YOU'VC silly me: i ve BeeN spgakimo VGOe>BLeD£GOOK > •o EVENING SfANOARO CO. LTD., IM2-19M 0
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  • THE ARTS
    • 1099 11  -  CD REVIEW By J GORDON Olaf Baer, Mozart Arias Dresden Staatskapelle/Hans Vonk (conductor) EMI CDC 7 ***** 2 IN 1986, I picked up a CO on Schumann Lieder by a yet unknown singer from East Germany. His name was Olaf Baer. From the first Lied,
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    • 473 14  -  MUSEUMS ~By JOHN RUSSELL NYT EVERY SO OFTEN, there surfaces in the international art world a truly terrible idea. An idea of precisely that order was approved unanimously not long ago by the trustees of the Victoria and Albert .Museum in London. The
      NYT  -  473 words
    • 608 14 FESTIVALS NYT GIAN CARLO MENOTTI, artistic director of the Spoleto Festival USA, confided mischievously: "We produce some things at the festival which I personally detest!" Asked for an example, the 77-year-old composer and festival organiser drew back. "That would get me in trouble,"
      NYT  -  608 words
    • 725 15 THEATRE Reuter ATHOL FUGARD, South Africa's leading playwright and producer, remains eternally optimistic that his native country will take a lesson from his writing. In his latest play, My Children! My Africa!, which has its world premiere next month at Johannesburg's multiracial Market
      Reuter  -  725 words
    • 679 15 The Economist AN INTRIGUING and expensive trend is afoot on the London stage. First Hamlet, with the prince played by Daniel DayLewis, the heart-throb of Room with a View and The Unbearable Lightness of Being, sold out for a whole season at the National Theatre.
      The Economist  -  679 words
    • 631 15 NYT VITALY SOLOMIN, a Soviet actor with a deep voice and a mesmerising stare, broke off the dialogue and silently peered into the darkness beyond the rehearsal stage, looking for the rich abyss of Tennessee Williams's imagination. "Which ocean am I supposed to be looking
      NYT  -  631 words
  • Page 11 Advertisements
    • 1059 11 1988 Swiss Bank Corporation in 1988 In 1988. total assets grew by Sfr. 7.9 billion to Sfr. 154.1 billion (f 5.4%), a good three quarters of this growth being attributable to the dollar s rise in value. After the previous year's drop in operating profit, growth was successfully restored in
      1,059 words

  • Class and Culture Class and Culture
    • Article, Illustration
      1028 12 The Hermes philisophy If it is we who create the object, it is you who bring it to life. CULTURE is a very important part of Hermes, says Jean-Louis Dumas-Hermes, leaning forward as if to impart a jealously guarded secret of the House of Hermes. Hermes patrons have
      1,028 words
    • 763 13 IN JEAN-LOUIS DUMAS-HERMES himself, the image is refined to perfection. Immaculately dressed, with a dazzlingly pair of trousers and tie, he carries the ensemble with the air of a man who is well-aware of his role as president and chief executive officer of the Hermes empire.
      Picture by ALPHONSO CHAN  -  763 words
    • 628 13 THE NAME HERMES is synonymous with quality, says Jean-Louis Dumas-Hermes, president of the House of Hermes. The same devotion to high standards is applied to its stores and all its products from saddles and leather goods to the famous silver chain du anchor jewellery collection, timepieces
      628 words
    • 464 13 BT special advertising feature "THERE IS NO PLEASURE in merely owning: One must be a part of it. paint it. savour it". So believes the head of the House of Hermes, and it is this outlook on life that runs through the Hermes group. Renowned
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  • Page 14 Advertisements
    • 291 14 Where tv entertain... Where tv entertain... Where tv entertain... Where tv ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPET ISER BUFFET ANOTTHER IS THE CHOICE OF MMN COURSES. PALM For between $26 and $40 you can select from our appetiser OKILL buffet including seafood, smoked salmon
      291 words
    • 218 14 A i Nasi Padang Month i i Ming Court Hotel < i i For the whole month of May, you can enpy 'Nasi Padang at Ming Court Hotel. Prepared specially by our Muslim Chef, there will be mouthwatering dishes such as Udang Masak Tomato, Tahu Sambal Goreng, Nasi Kuning. and
      218 words
    • 159 14 m DIAN XIN TEMPTATION! Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only $12.50* per person Lunch Hours: 11.30 am 2.30pm "Hus 10% service cmge 3% go-.moment »o» TAKE YOUR PICK AT PHOENIX At Phoenix Coffee House, you can savour superb Hainanese or soya Sauce Chicken rice at
      159 words
    • 244 14 THERE'S MORE TO OUR PEKING DUCK THAN JUST SKIN. P Enjoy tlu- crisp, delect I aide sLfin as tlie first course. And a second I couiw «»f tender (lucit meat served t lie way yon want. von want. I wo courses f«»r onlv Soo IYazaHotei o <*«»* msmm t M
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    • 269 14 Cuiaugcloiijd Buffet witli a 9^cMfereiice i V /jflt .5 vV I& v" Ir X •<v\o s® .T'SSIvV^ LvX'v^lm^ &>**?,-■ *11 /g» v < lt\ > n ißS s >£# Shark's fin Soup with Shredded C hkken, (iuant>do>m Roosted Dutk. Braised (iroupff, Money Sauce Barbequed Pork. Deep fried Prawns with Ham
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  • Page 15 Advertisements
    • 82 15 entertain,... A Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki Four tatami rooms are available for private parties Located on the 2nd floor Open 12 noon to 3 pm 6.30 pm to 11 pm. Jk® Century Park Sheraton Singapore 16 Nassim Hi#. Singapore 1025
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  • Page 15 Miscellaneous
    • 649 15 mmmm CRYPTIC PUZZLE ACROSS 1 Points to judge, on paper (5) 6 For just a little loan? (5) 9 Not a single person is this! (7) 10 Possibly four thousand in the market place (5) 11 The waters one needs to right wrongs (5) 12 Disdain to treat corns (5)
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    • 1251 15 A tribute to one of Hollywood's moet enduring start, James OUR CHOICE 10pm, Videofashion take) JAMES STEWART: A WONDERFUL in I IFF in Alrvn cor 19 craftsmanship. In partlcul t 102 °P m SBC 12 orate beading of the H A tribute to James Stewart, the archi- sage; ths classic
      1,251 words

  • SPORTS
    • 457 16 FORMULA ONE AP McLAREN's Ayrton Senna grabbed the pole position last Saturday in Mexico City's Grand Prix race for Formula One cars. Alain Prost, his French teammate, placed second on the starting grid for yesterday s race. It was the 33rd pole position win
      AP  -  457 words
    • 282 16 AFP ALAIN PROST, France's two-time Formula One motor racing world champion, will put an end to speculation about his future after the Canadian Grand Prix on June 18. Ths 34-year-old Prost, in Mexico City to compete in his 141 st Grand Prix, insists that he
      AFP  -  282 words
    • 348 16 MOTOR RACING AP MICHAEL ANDRETTI listened intently as his teammate discussed the most intimate details of setting up his car for the Indianapolis 500. In a sport where any tiny edge can make the difference between winning and losing, even teammates
      AP  -  348 words
    • 456 16  -  GOLF By A SURENDREN PLAYING consistent golf is one thing, but rising to the occasion is another. Frankie Minoza of the Philippines demonstrated that when he won the Royal Johor Golf Classic last Saturday. Both he and compatriot Mario Siodina were level on
      456 words
    • 168 16 AFP LITTLE Australian Craig Parry is ready for a showdown with English giant Nick Faldo for the PGA championship in Wentworth, England. They finished level at the half-way mark last Saturday with eight-under-par 136 totals and Parry, the 23-year-old from Victoria has no fears
      AFP  -  168 words
    • 335 16  -  TENNIS by A SURENDREN A DREAM RUN came to a halt when qualifiers Kevin Loh and Bill Frack were beaten in the final of the advanced doubles in the Team Borg Grand Prix Challenge yesterday by Robert Chua and Lee Wai Ching
      335 words
    • 377 16 BRIDGE INDONESIA'S revival came to an abrupt halt when it lost three of its last four matches in the first round-robin of the Far East Bridge Competition in Jakarta. The Indonesians are now near the middle of the standings although there is still some hope left
      377 words
    • 106 16 AP THIRD SEED Manueia Maleeva of Bulgaria and fourth-seeded Conchita Martinez of Spain have made it to the final of the US$lOO,OOO Geneva European Open women's tournament Martinez, ranked 13th in the world at age 17, won 4-6, 7-5, 6-2 in her semi-final last Saturday
      AP  -  106 words
    • 523 16 BASKETBALL AP MICHAEL JORDAN'S short jumper with three seconds left capped a rally from a 13-point deficit late in the game and gave the Chicago Bulls a 99-97 victory over Detroit last Saturday in Chicago for a 2-1 lead in the NBA Eastern Conference finals.
      AP  -  523 words
  • Page 16 Advertisements
    • 57 16 RESULT HIGHLIGHTS FROM BANCO DI SICILIA ANNUAL REPORT 1988 Banco di Sidlia Head Office: Via Mariano Stabile 182, Palermo International Banking Group-Head Office: Via del Corso 271, Roma Branches Abroad: Frankfurt a/M, London, Los Angeles (Foreign Branch), Lyon, Munich, New York, Pans Representative Offices: Brussels, Budapest, Chicago, Singapore, Zurich. Subsidiary
      57 words

  • COMPANIES & STOCK MARKETS
    • 565 17 "mm By HOCK LOCK SHEW HOTEL TAI-PAN Ltd, without its Tai-Pan Ramada Hotel, is likely to be a fitter, leaner and meaner outfit capable of joining forces with related Jack ChiaMPH Ltd to venture into new businesses. Subjected to takeover rumours for some time,
      565 words
    • 491 17  -  By WILLIAM CHIA GOODMAN Fielder Wattie (Asia) Pte Ltd, which already has $200 million worth of investments in Asia, is seeking to increase its presence in this part of the world. Noel Robertson, chairman of the company, said in the first issue of the
      491 words
    • 634 17  -  SUBMITTED $21.5 M BID FOR CHUA CHU KANG PROJECT By KEVIN GWEE CONSTRUCTION GROUP Lee Kim Tah Holdings Ltd is expected to clinch its first major contract this year. A major developer of Housing and Development Board flats, LKT is almost certain
      634 words
    • 585 17  -  By FLORENCE CHONG IPOH GARDEN (Australia), the Australian offshoot of IGB Corporation Bhd, is vying to develop what is known as the Capitol Theatre site in Sydney's Chinatown. The redevelopment project is estimated to cost Assoo million. The company is one of
      585 words
    • 418 17 MBT. IGB CORPORATION BHD has acquired the development rights to a 18.6 ha site in the heart of the Klang Valley between Petaling Jaya and Kuala Lumpur which will be transformed into a commercial project to be called Bandar Mid-Valley. The project will comprise
      MBT.  -  418 words
    • 622 17 HK bankers see problems over ousting of Zhao Reuter HONGKONG CONSTRUCTION group Hopewell Holdings Ltd's super highway project linking Guangdong with Hongkong and Macau is in jeopardy following the political unrest in China. There is now serious doubt as to whether the
      Reuter  -  622 words
    • SES
      • 1727 18  -  By HERMAN PHUA DESPITE the local market s dramatic falls last week which were influenced by the volatility of the Hongkong market, operators here are still fairly optimistic that the long-term uptrend is intact. They are, however, advising investors to exercise caution in the
        1,727 words
      • 6191 18 Gr's Gr's 1989 Tel Last Vol Week Last Quota Dlv Dlv Vld Net M Cap Smll High Low Code Company Sale +OC(•000) High Low Buyer Seller C'vr P/E MAY 26 SESDAQ 168 120 t 4000 Amtek Eng 20< 148 -8 21 155 148 144 148 10.ON 7.1
        6,191 words
    • MARKET REVIEWS
      • 745 19 DBS Securities EVENTS in China dominated the market, which saw volatile swings last week. The mounting tension between the Chinese government and student protesters in Beijing triggered a big sell-off on Monday. The Hang Seng Index took a plunge of 339 points
        DBS Securities  -  745 words
      • 736 19 MBT BADLY-MAULED BULLS were left to lick their wounds on the Kuala Lumpur stock market last week, which saw sharply reduced turnover. Losses in four of the five sessions slashed a hefty 72.7 points off the 30counter New Straits Times industrial ordinary
        MBT  -  736 words
      • 815 19  -  Compiled by JULIANA TAY Week ended May 26 SCRIP ISSUES H Leong Fins Bonus issue of one-for-five. H Tol-Pons Proposed bonus issue of one-for-four MBf Fin one®: Proposed rights issue of one-for-two at M 50.50 par per share S Finances Bonus issue of one-for-ten U I G Proposed
        815 words
      • 595 20 AP HOPES are spreading on Wall Street that investors will get invited to a financial party this summer catered by the Federal Reserve. The festivities would have a simple theme: Lower interest rates and higher stock prices, courtesy of an easier credit policy
        AP  -  595 words
      • 374 20 UPI FORD Motor Co has declined to confirm nor deny reports that it may acquire British luxury carmaker Jaguar, which will no longer be protected from such a takeover next year. "It is our long-standing policy to neither confirm or deny these reports
        UPI  -  374 words
      • 927 20  -  By RAY HEATH TWO WEEKS of examining the bustling economies and stock markets of Asia, makes a return to the UK depressing. The flight to Heathrow becomes a journey back in time. Shares falling, interest rates climbing, inflation rising, sterling sliding, the balance-of-payments deficit yawning, transport
        927 words
      • 693 20  -  By RICHARD HARRIS Enskilda Securities STOCK MARKETS showed their flair for the theatrical last week with Hongkong in the Far East having violent swings of around 10 per cent through the week The demonstration of independence was mirrored, albeit not as dramatically, in some
        Enskilda Securities  -  693 words
      • 567 20 AFP THE key market barometer, Nikkei Stock Average, closed out the week at a record high of 34,191.62 yen on Friday as the dollar s violent fluctuations against the yen continued. Friday's Nikkei closing price topped the previous record high of 34,135.24
        AFP  -  567 words
      • 283 20 AFP SHARES on the Australian market finished the week lower after tracking the changing fortunes of the local dollar. Brokers said investors poured in money at the dollar's lows and took it back at the highs. The All-Ordinaries Index closed on Friday
        AFP  -  283 words
    • WORLD MARKETS
      • 568 21 New York Reuter WALL STREET managed a modest advance on Friday ahead of a (ong us holiday weekend, helped by a strong dollar and firm bond prices. Blue chips ended with their best gains of the week, although overall trading volume was markedly lower than previous sessions.
        Reuter  -  568 words
      • 663 21 London AP SHARE PRICES ended slightly higher on Friday in nervous trading following a week of dramatic developments that prompted many players to move to the sidelines. Many decided to sit out the last session before the three-day holiday weekend. At the cloee, the Financial
        AP  -  663 words
      • 926 21 MAY as PLt MABN 40.5 uncti A«gon 96 7 Ahold 119 5 Akzo 146.2 Alranta AMEV 162.3 0.2 504 AMRO 76.2 Am. Stad 152.5 -0.5 BOLS 1366 Boraumy 141.0 0.5 Bu«hrm*n Tmm rod*. 64 6 -0 1 Calv* CSM 66 9 -0.3 Eta«vi«r 67 6 Fokk*f 420 Qimmi QtsSxoc 349
        926 words
  • Page 17 Advertisements
    • 299 17 Keppel Finance Limited (formerly known as Sim Lim Finance Limited) (Incorporated in the Republic of Singapore) ANNOUNCEMENT CAPITAL REDUCTION EXERCISE AND SUB-DIVISION OF SHARES OF $1 00 EACH INTO SHARES OF $0.50 EACH NOTICE IS HEREBY GIVEN that the Register of Members of the Company will be closed from June
      299 words
    • 153 17 i ft SINGAPOR l?~S I PREMIER II WA TCH BOUTIQ FOR SALE BY TENDER CECIL COURT (No. 138 CECIL STREET, SINGAPORE) A rare opportunity to own a prime modern office building in the Central Business District of Singapore. The building, within walking distance of Raffles Place and Shenton Way. has
      153 words



  • Page 20 Advertisements
    • 487 20 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME We. PACIFIC INTERNATIONAL LINES (PRIVATE) LIMITED, of 140 Cecil Street, #03-00, PIL Building, Singapore 0106, hereby give notice that in consequence of our intended purchase, we have applied to the Registrar of Singapore Ships under Section 386 of the Merchant Shipping
      487 words
    • 422 20 THE COMPANIES ACT, CAP. 50 INTERWORLD MARKETING PTE LTD (In Liquidation) At a general meeting of INTERWORLD MARKETING PTE LTD duly convened and held on the 23rd day of May, 1989 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section 290(l)(b)
      422 words
    • 321 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND YEAP NENG TRADING PTE LTD At an Extraordinary General Meeting of the Company held on Tuesday, 23 May 1989 at 80 Lorong N Telok Kurau, Singapore 1542 the following resolutions were passed:SPECIAL RESOLUTION WINDING-UP That Yeap Neng Trading Pte Ltd
      321 words
    • 569 20 AKI HO DIVING WORKS PRIVATE LIMITED (In Members' Voluntary Liquidation) FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act. Cap. 50 that a Final Meeting of Members of the abovenamed Company will be held at the Office of M/s John Aw Co., Blk 165 Bukit
      569 words

  • Page 21 Advertisements
    • 1920 21 Standard Chartered Standard Chartered Finance Ltd. (incorporated in the Republic of Singapore) Wholly owned subsidiary of Standard Chartered Bank BALANCE SHEET AS AT 31ST DECEMBER, Note 1988 SHARE CAPITAL Authored: Ordinary (ham at SI each 20,000,000 Issued and fully paid: Ordinary shares of $1 each 3 10,500,000 RESERVES Statutory reserve
      1,920 words

  • 181 22 Reuter BRITISH Prime Minister Margaret Thatcher may make sweeping changes to her Cabinet in July, removing Foreign Secretary Sir Geoffrey Howe and other key ministers, newspapers said yesterday. The Observer said Mrs Thatcher, looking to elections due by 1992, was being urged
    Reuter  -  181 words
  • 166 22 Reuter AMERICAN Telephone and Telegraph Co (AT&T) and its major unions agreed tentatively on a new working contract late on Saturday night only minutes before a midnight strike deadline. But spokesmen for the company and unions said all details were not worked out and they
    Reuter  -  166 words
  • SATURDAY ROUNDUP
    • 139 22 A quick look at Saturday's main news THE half-tank rule has not caused a drop in the number of Singapore cars going to Johor, said Minister of State (Communications and Information) Mah Bow Tan on the second day of his goodwill visit to the Malaysian
      139 words
    • 68 22 AIDS has entered the hetero- sexual domain in Singapore. A married man was among the four cases detected earlier this month, the Health Ministry said. A new trend is also emerging, with more locals rather than foreigners found to be the source of infection. The
      68 words
    • 99 22 CIVIL defence reserve units have been set up to provide auxiliary support to hospitals during emergencies, said the Acting Minister for Health, Yeo Cheow Tong, when he spoke at a civil defence gathering in Jurong. Four reservist units each with a strength of between 100
      99 words
    • 127 22 A strong cadre of teachers is a cornerstone of Singapore's education system and those who criticise their fair working conditions do not know what they are talking about, said Minister of Trade and Industry Briga-dier-General (Res) Lee Hsien Loong when he spoke at the
      127 words
  • 443 22  -  YEARBOOK OF STATISTICS 1989 By SHOEB KAGDA ELEVEN YEARS AGO, there were 17 Singaporeans to every car. Despite all disincentives to keep the lid on the car population, the ratio of people to cars kept falling and last year there were 11
    443 words
  • 243 22 THE MINISTER for Foreign Affairs and Community Development, Wong Kan Seng, yesterday called on the Malay community to consider seriously the First Deputy Prime Minister's proposal to transfer the funding of tertiary education of Malay students from the government to Mendaki.
    243 words
  • 250 22 PLEASE, no selling or smoking of cigarettes this Wednesday, says the Ministry of Health. It will be the world's second No-Tobacco Day on May 31. Though the ministry has not organised a Smoke-Free Day this year, it is urging
    250 words
  • 320 22  -  By BRIAN GOMEZ AUSTRALIAN Prime Minister Bob Hawke's proposal for an OECD-style Asia-Pacific grouping deserves careful and constructive study, according to Singapore's High Commissioner to Australia, Joseph Conceicao. Such cooperation could influence the United States and the European Community much more
    320 words
  • 190 22 Bernama THE MALAYSIAN Home Ministry will take action against anyone who has given false information to British newspaper The Observer. The paper had claimed that Umno and certain "families of elite" received kickbacks in connection with the M 54.5 million arms purchase agreement
    Bernama  -  190 words
  • 334 22 Bernama DEVELOPED COUNTRIES are quick to lay the blame for environmental damage on developing countries while not enough attention is given to environmental hazards caused by their own activities, said Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad. Dr Mahathir made this
    Bernama  -  334 words
  • LATE FILE
    • 54 22 Bernama BERJASA yesterday announced it wilt quit Barisan Nasional (BN) to join forces with PAS and the group of former Umno members to prepare for the next general election, said its president, Datuk Haji Wan Hashim Wan Ahmad. He added that the decision was influenced by
      Bernama  -  54 words
    • 52 22 AFP MALAYSIA will revamp ailing Perwaja steel plant, a heavy-industry facility launched seven years ago as part of the industrialisation push, under a proposed reorganisation scheme, said a plant official yesterday. The company is seeking a U*****.2 million infusion from the Federal government for this
      AFP  -  52 words
    • 39 22 AP TAIWAN successfully tested its first locally-developed jet fighter yesterday, said the Defence Ministry in Taipei. A 10-minute video tape of the test was screened yesterday and officials described the flight as successful. AP
      AP  -  39 words
    • 46 22 AFP NEW ZEALAND Employment Minister Phil Goff left Japan yesterday for a planned week-long visit to China, a spokeswoman for his office said in Wellington. Mr Goff decided to go ahead with the trip on advice from New Zealand and Chinese officials.
      AFP  -  46 words
    • 38 22 AFP THE South Korean government used some 3,000 riot police in combat fatigues yesterday to quash an attempt by teachers to hold the inaugural convention of a new nationwide teachers' union in eastern Seoul.
      AFP  -  38 words
    • 46 22 AFP THE main opposition party in French Polynesia, the neoGaullist Tahoeraa Huiraatira, yesterday called for a boycott of the European Parliament elections. Tahoeraa Huiraatira leader Gaston Flosse claimed that post-1992 barri-er-free Europe was "a threat" to the South Pacific territory. AFP
      AFP  -  46 words
    • 40 22 AP US PRESIDENT George Bush left Rome yesterday for Brussels to attend the two-day Nato summit in the Belgian capital starting from today, where he will face his first major test of his presidency.
      AP  -  40 words
  • Page 22 Advertisements
    • 386 22 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Developer William Goei sells his Goldhill Plaza in one of the fastest deals ever. 2. Why, argues Hock Lock Siew, the MTP restructuring scheme deserves a closer look. 3.
      386 words
    • 156 22 r > Wa Approximately 2900 uniquely different designs of surplus exhibition samples offered for the first time in Singapore direct from the manufacturer which were produced exclusively for foreign markets This large quantity of finely crafted pieces in 18k and 14k yellow gold rings, pendants, necklaces, earrings, set in diamonds
      156 words

  • SHIPPING TIMES
    • PORTSIDES
      • 170 23 Reuter BRITAIN'S High Court has cleared the way on Saturday for a national dock strike when it refused a request by port employers for a temporary injunction against any stoppage. But it said dockers leaders should take no action until after the first day
        Reuter  -  170 words
      • 192 23 Reuter THE Freight Conferences covering trade between Europe and the Far East have adjusted the currency adjustment factor (CAF) for trade from West Germany/Benelux to 50 per cent from 55 per cent effective May 28. It also advised that its recently revised CAF for the area of
        Reuter  -  192 words
      • 60 23 PRIME MINISTER Rajiv Gandhi has dedicated a new sea port and named it after Jawaharlal Nehru, his grandfather and India's first premier, the Press Trust of India (PTI) reported. Mr Gandhi commissioned the port in Nhava Sheva, a satellite township near the western metropolis of Bombay,
        60 words
      • 67 23 US shipping company OMI Corp is seeking a listing on the Stockholm bourse from June 5 with a new issue of shares worth 2 million crowns, Swedish brokers Carnegie Fondkommission said. OMI would be the first US company listed in Stockholm. Carnegie said the issued shares
        67 words
    • 154 23 JAPANESE carrier "K" Line is planning a new container terminal next to the RC-3 Rokko Island container terminal in Kobe harbour. With the current RC-3 terminal already at full capacity, the line has acquired 50,000-square metres of land and is looking at a number of
      154 words
    • 1020 23 ABBS line xn 4/5 ABC Contoinerline XI 5 Accord Shpg VIM 31* AfS XIII 3 AhreflkieJ liner XN 5 AC Toepfer XIM 5 Arrow lines XI 5 Assoc Corroge XIH 5 ANt ID 1/2 ATC line VH 4 API V 3-5 ASCI V 1 Alias lift# XII
      1,020 words
    • 551 23  -  By G DURAIRAJ A FLEET expansion programme currently under way at the Malaysian International Shipping Corporation will further strengthen its diversified role in the region. The expansion, which will increase MISC's fleet size by 18 per cent to 1.43 million dwt, marks an
      551 words
    • 284 23 THE Port of Seattle has appointed Mr Kirpa Ram Vij, executive chairman of Neptune Agencies and Orient Container Warehousing Services, as its representative for the South-east Asian region. Mr Zeger J J van Asch van Wijck, executive director of the Port
      284 words
    • 195 23 Reuter MAJOR trans-Pacific liner operators have agreed to seek a further recovery in container rates. A spokesman from Nippon Yusen Kaisha (NYK) Line in Tokyo said the Trans-Pacific Discussion Agreement (TDA) also confirmed that all 13 members are implementing an average 10 per
      Reuter  -  195 words
    • 423 23 Reuter BRITAIN'S Tiphook and Sweden's Stena Holding, through their joint-ly-owned company Temple Holdings Ltd, are launching a US$B24 million cash tender offer for Ber-muda-based Sea Containers. The two companies said in a statement that the offer price per common share is US$5O.
      Reuter  -  423 words
    • 1452 24 The port of Rotterdam attracts thousands of tourists every year. They drive or cycle around the port, look at ships from a distance, and then go home again without really having understood what they have seen. In the past, the dock
      Port of Rotterdam Magazine  -  1,452 words
    • 402 24 BULK CARRIER sales included the Costis of 37 681 dwt and built 1977 for US$ll.5 million, and the Ad Astra of 35,158 dwt and built 1978 for US$ll.B million, but in both cases buyers were not divulged The Mary Anne and the Fiona May. bulk carriers of 30,686 dwt
      402 words
    • 932 24 THIS FORTNIGHTLY report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
      932 words
    • 2307 24 Who acts for whom A —B AB Shipping Boueteed Shpg Agenciea (S) ABBS Una SMS Pte Ltd (S)/Tunaa Sella (PK/KL) ABC Containertlne NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Line (PK/PN) Ahrenkiel Liner Kim Shpg (S) Atfrad C Toepfer Oceanus Shipping Agancy (S)/Multlport Sdn Bhd (PK)
      2,307 words
    • 306 25  -  By Al O Labita Jr A SENIOR Philippine official has deplored the lack of extensive studies on the extent of damage or losses dealt by piracy to South-east Asia's shipping industry. Speaking at the just-concluded Asean Sub-Com-mittee on Shipping and Ports meeting
      306 words
    • 981 25 THE DRY cargo freight market on Thursday saw another large drop in the Baltic Freight Index, with freight rates, especially for grain cargoes, weakening as chartering goes into its normal summer lull, brokers said. The Baltic Freight Index shed 30 points to 1.682. which mainly reflected mark-downs on
      981 words
    • 9508 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
      9,508 words
    • 1210 36 AT CONVENTIONAL WHARVES VMNl Voy No 1 < I 0«p«rture KEPPEL WHARVES Coawt 08E889 KI6 alongside 2905/ 0600 Eo««rn Gl ISC KI8 alongside 28 05/ 1200 Kia Soon li 22im K20 along»ide 29 05/0700 Kola Saram t-rn K32 okmgsjde 3105/0600 Kola Baprm tm K3I alongside 2905/
      1,210 words
    • 278 36 UPI A STRUCTURAL review of the Exxon Valdez has raised more questions about its seaworthiness, delaying a decision on whether the tanker will travel to Portland for repairs, oil company officials said. Coast Guard and Port of Portland officials had believed Exxon might
      UPI  -  278 words
  • Page 23 Advertisements
    • 17 23 "The Illustrated Encyclopedia of Wildlife" I Fortnightly at all good bookshops and neu's-stands. r r STP Dtotrtbuton
      17 words
    • 18 23 Lines and services represented by Members of the Registry of Accredited [flfQwM Shipping Agents, Singapore National Shipping Association.
      18 words
    • 205 23 '*^/`\!?}}$/^*|+=/-(:{\>=@:"]=. Flin someone overseas about Singapore. Hie*"" m-. The Straits Times I Weekly Overseas V 7 Edition. It's the weekly s J? newspaper, printed on light tf* weight paper in convenient tabloid size. It carries business, economic, political and general news on Singapore as well as investment news and sports
      205 words
    • 139 23 World Port Centre ABOUT a year ago the research and development department of the Rotterdam Municipal Port Management came up with the idea of improving the presentation of the tourist attraction that the port quite clearly is. Visitors should be looked after and shown around properly. PAGE II Piracy remains
      139 words


  • Page 25 Advertisements
    • 907 25 ;*< LVJkrohul h» CjiuJity lAROINE SHIPPING ACfNCIf S 200 Cinlon<wt Road HI? OS Southpoml, Smyoor* itfOl r«l 2214)11 mi* NO US 2417) TERMINAL/CFS let UOBII 720 bookings rtt «obm PtSAKA JAROtNC SNIffINC AGtNCItS SON BNO PORT REIANG 111 ****** Trial No MA3J4/7/MAJS7OI PER AUG 111 *****4 till* NO MA4OO7] CIS
      907 words
    • 1095 25 MAERSK LINE DESTINATIONS This «Mk Margrethe M Closing Tim* CV 29/5 2300 MRS CFS 29/5 1300 MRS Sailed Sailed 1/6 2/6 8/6 9/6 15/6 16/6 22/6 23/6 29/6 30/6 6/7 7/7 13/7 14/7 Sailed Sailed 1/6 2/6 8/6 9/6 15/6 '6/6 22/6 23/6 29/6 30/6 6/7 7/7 13/7 14/7 Std
      1,095 words

  • Page 26 Advertisements
    • 788 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINFNT 1 TOLAGA BAY KAGA HEIDELBERG EXPRESS HARTFORD EXPRESS ALASKA MARU MONTE ROSA LARGS BAY CITY OF EDINBURG P. KELANG SOUTHAMPTON HAMBURG BREMERHAVEN AMSTERDAM. CARIBBEAN 4 S AMERICA ALASKA MARU BREMEN EXPRESS LARGS BAY LONDON EXPRESS HAMBURG EXPRESS BONN EXPRESS CONTAINER SERVICE FROM UK/CONTINENT VOY
      788 words
    • 520 26 COLUMBUS LINE REEOERE! GMBH a SERVICE OF HAMBURG SLD E»J*fSS SCMtCONTAMF SEPVKE *C WORTHBOUND TO UKC SPORE ROM/A DAM HBG HULL (U.K.) 4* 11/7 15/7 11/7 }V 7 ii/» if/a m M/» 12/» 11/9 21/1 TAYBANK vios 12/6 Port Moresby Lae Rabaul ____|Kimtoe, Orobay (Direct) iS** and alee to IM.
      520 words
    • 664 26 I L X L TO EUROPE NOR ASIA PRINCESS 8911 3 NORTH SEA 912-W NORASIA SINGA 8913-3 NORASIA AL-MUNTA2AH 8914-3 Wt REGULAR INDEPENDENT FULL CONTAINER SERVICE (VIA FEEDER) PKL 2/6 lb/6 22/6 29/6 ANT LEN .JB S 9 1,1 U K De,t UtK)m Scand,navian < Aarhul Copenhagen, Gothenburg) »nd other
      664 words

  • Page 27 Advertisements
    • 1337 27 Steamers Maritime Holdings Ltd WflP&O W^Containers CONTAINER SERVICE TO UK CONTINENT STRAITS SHIPPING TUliiiri t* Satan Unwtk. KAGA TOtACA SAT XOWIOON BAY H€ IDC BERG EXPRESS HARTFORD EXPRESS MONTE ROSA ALASKA NARU CITY Of EDINBURGH Alio Accepting Cargo For: Miwßufl to Coptnhaftn. Airbus. GothonDurg. Milmo. Stockholm. Helsinki. Sonderburj RotttnUm to
      1,337 words
    • 1413 27 Ia.CHO YANG LINE WESTBOUND HANJIN TONGHAE 068W HANJIN ROTTERDAM OOJV* CHOYANC CHANCE 047W HAJIN MASAN 049W WEEKLY EXPRESS INDEPENDENT FAR EAST/EUROPE FULLY CONTAINERISED SERVIC EASTBOUND Also accepting for Inland UK destinations Antwerp and Scandinavian ports Ld| for HK/KAO/KOBE/YOKO/BUSAN C MG FLOTA MERCANTE GR ANCOLOMBIAN A, )S*. %'N| O* :ve A
      1,413 words

  • Page 28 Advertisements
    • 570 28 mSINOSE MARITIME PTE LTD ISLAMIC MPUBkIC OF I RAM SHIPPING LINKS IRANIAN SEA VICE Singapore Loading for: I In Port BANDAR ABBAS IRAN BAYAN PJUOO KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSI KYOWA VIOLET V 25 KYOWA HIBISCUS V 37 LOAO FOR GUAM, SAIPAN. HRA. VILA. NMA. LTK, SVA. PAGO.
      570 words
    • 1022 28 HAN JIN SHIPPING CO., LTD. FVM.V CONTAINERISED SEP'.[■ TO USA PACIFIC SOUTH WEST TO FAR EAST PORTS TO PACIFIC NORTH WEST CANADA H Kong Kaoihiung Kobe Yoke 116 2/6 5/6 6/6 8,6 9/6 1216 13/6 15/6 M 19/6 20/6 22:6 2116 26/6 21/6 Buun 86 15/6 2216 29/6 FlttXß VSI
      1,022 words
    • 830 28 EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FEI EVER GRAND EVER GREIt EVER GOLDEN EVER GLOBE EVER GENIUS ALSO ACCEPTING CARGO TO JJgggg OS l PMILAKIM,,A JACKSONVILLE, 7) ATLANTA. CHICA6O. DETROIT COLUMBUS B OTHtR MAJOR MICROBRIDGt DESTINATIONS I) balboa limow 4) MONTREAL TORONTO VIA NEW YORK VESSEL EVER GLOWING EVER
      830 words

  • Page 29 Advertisements
    • 718 29 CONTAINER SERVICES FAR EAST vessel VOY SIN jut sby VOY SIN mho kao kee yok ngo kob mm QOWA 41 SB SLD SLD 30/5 42N8 7/• 9/6 10/6 14/6 ISM 16/6 ISM HAI GUANG 11 SB 6/6 8/6 11/6 12NB 20/6 22/6 23/6 27/6 26/6 29/6 1/7 MAJAPAHIT 39 SB
      718 words
    • 157 29 THONG SOON CONVENTIONAL SERVICES SINGAPORE TO WEST MALAYSIA IM SOON LI OEST 1 JUN 3 JUN PENANG 8 JUN 10 JUN PENANG 15 JUN 17 JUN PENANG 22 JUN 24 JUN PENANG SINGAPORE TO SARAWAK VOY 19/89E 20/89E 15/89E 21/89E E 2/89E DEST KUCHING KUCHING KUCHING KUCHING KUCHING KUCHING FULL
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    • 557 29 BEN LINE CONTAINERS EXPRESS CONTAINER SIRVICE TO UK/CONTINENT USr** \i z ™sr w STTSL. 5 i Z z r.%r z r 5; g g l*p JW u,; 11,, ,v, J*' C,ry j <>> 1 if J m/ IJ/; London f.prtt, *H I*/ /Of/ W JSJ Sl2 U ®J 147 M»7
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    • 385 29 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA HOT* P.T. 6ESUM LLOYD P.T. SAM KM IRROIKSIA P.T. TRIKOM LIOYI EXPRESS SEMI CONTMNERSHIP SERVICES SINGAPORE TO EUROPE VSI/VOt S. PANJANG?? we KUTAi/inre Subject to Inducement. Also accepting cargo to CasaManca, Port Said. Port Aleiandria, Genoa, Trieste BOTH CONTAINERS. CONVENTIONAL CARGO VIA
      385 words
    • 553 29 BOUSTEAD SHIPPING AGENCIES PAGAN VI4IW 29/3 LOIKAW VI46W if, HTONEYWA V24BW 7/! PA AN VI39W 7/1 SITTWAY V4OW fc/i NORTHBOUND TO UKC IVYBANK V24N TAUSALA SAMOA VISN CLYDEBANK V26N MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok S'pore 29/30 May I/9 iun 7/9 Jun
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  • Page 30 Advertisements
    • 905 30 V Kline KAWASAKI KISEN KAISHA. LTD. VIA FEEDER OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP NEPTUNE JADE N. AMERICA-ATLANTIC COAST FEEDER VESSEL OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP NEPTUNE JADE N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL SEVEN SEAS BRIDGE RHEIN BRIDGE HUMBER BRIDGE N. AMERICA PACIFIC NORTH-WEST MOTHER VESSEL HARBOUR BRIDGE
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    • 594 30 £}<32SW AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* INDIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Container* Singapore P Keiang Penang loading lor Mother W By Feeder By feeder JALATAPt *C3H 3 June Kanrtla Bombay KALIOAS ¥42H 11 June tunc S )une Colombo,Kandla Bombay TUISIOAS ¥41H 3 July 11 tune 21 June
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    • 412 30 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23. Tetot A Street SINGAPORE 01M TEL UWW (10 LINES) Fai SMttM STRAITS Pf RSI AN GULF SERVICE: COL OEM HARVEST Colombo,KirKKDuhi. GOLDEN WONOER Cotomb«vK»r»d>i/[Xjt>», CHINA SERVICE BAI TUN SHAN Fu/tiou Shanfha A VESSEL Stanfta! AN HE m LIAO HE UW SHA HE
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    • 447 30 \ffl PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD »07-12 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 lU.il/iJ. 1 IM* DESTINATION r IWrn ttr JFDDAH (ICL) WEEKLY AQABA HO Of ID AH H KONG. KOBE. TOKYO. KEELUNG. KAOHSIUNC MANILA. BANGKOK. BUSAN. JAKARTA COLOMBO KARACHI BOMBAY MADRAS.
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  • Page 31 Advertisements
    • 730 31 Agents S'pore NEPTUNE AGENCES PTE. LTD Enquiries Ft EU/AUST fPA/SEA 27*99?? *****53 *****42 *****19 *****16 *****18 *****48 (CR NO. I**********K) NEPIINE SON BHD r Psrunf *****5 NEPTUNE ORIENT LINES LTD Pwunf J B»twu *****5 *****0 *****0 *****1 *****1 *****2 EXPORT IMPORT tl>K VSL/VOV 76S Perkmw 77S Perkasa .'HS Perkasa 7yS
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    • 203 31 KeA je container line t TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST >ORT KELANG 'ENANG BANGKOK 40NG KONG :hina (AOHSIUNG (EELUNG 27/5 ft m 27/5 ft 3/6 79/5 ft 2/6 27/5 ft 3/6 27/5 ft 3/6 21/5 ft 2/6 4 SRI LANKA/ INDIA
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    • 481 31 HEUNG-A SHIPPING Korean Flag Vessels S£M.-CONTAINERiStC 0I«£C P KELANG P6NANG K6EIUNG SEPV'C£ *C BOSAN INCHON STRAITS/KOREA SERVICE Vessel's Name ETD BS S PORE PKLC KEE BUSAN MO JI •DRAGNET/905N 21/05 31 01/06 02 03/06 (HK) 16-17/06 U/06 NO t DONAM/905N 27/06 06 MO6 09 10/06 U l»/06 21 23/06 24/06
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    • 743 31 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG P KILANC MESSRS NAI THONG SKIPPING 12/ Penan* Street. Penanf. Malaysia M/S HANDLING SYSTEM CO
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  • Page 32 Advertisements
    • 390 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. ru 225 6868 |34 lines) FAX *****39/*****/6 RLE* «S ***** A/B SSCMA. RS ***** A B SSCAO DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND E. THAELMANN 4/89 T. WENOA 1W WILHELM PIECK
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    • 87 32 T.S.K. LINE WtEKU CONTAINIRIStO SCAVICI WltM fIXEO OAY AAftlVAi EXPORTS TO TAIWAN JAPAN ■!tbwrtW |9tJ9DIIJQ3QQ|| Hmrmgggggl HERMES ACE V 77 \zmzMZMaaaaa icat icaczai IBgQIMBIBmaB IBICQQIQQQg iEiacaaeiasa HERMES ACE V?? UMiLmniMfZMnrmfzmwTrm iT^BITT i i ?vt I 7 J** |*n| EXPORTS TO SURABAYA TSKLINE AGENCIES (S) PTE LTO TEL" *****68 NYK AGENCIES
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  • Page 32 Miscellaneous
    • 165 32 Regional Weather m s s* k.^ i a xi V* 03 1 K 1 m fc3 ?5C SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May 29, 1989 RlhuMmlnn. Imm—mum. c A Weolhfi Wmd dffction with speed m knots Rom Wove height f l«>-*dy Sky W«(f o»e ind'iOlfd bv orrowt
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  • Page 33 Advertisements
    • 1217 33 RICHFIELD MARINE AGENCIES [S] PTE LTD TEL *****33 (10 Lines) FAX ***** 15 TELEX RS ***** RISHIP (3 Lines) s phmi m frr* Vtri titkJU FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO SOUTH AFRICA DURBAN/JOHANNESBURG ACCEPTING BOTH FCL/LCI CARGO. itirv M PAKISTAN NATIONAL W SHIPPING CORP., KARACHI. MALAYSIA KARACHI MIDDLE EAST
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    • 110 33 f REGULAR EXPRESS FCL LCL SERVICE DESTINATION ETA SINGAPORE BANGKOK PORT KELANC (Fa ONLY) KEELUNC, KAOHSIUNG JAKARTA (Fa OMLY) TOKYO. KOBE. BUSAN (Fa ONLY) KARACHI, BOMBAY. COLOMBO (FCL ONLY) JARU BHUN PIYA BHUN vi. mw Vi, l«A. 23*. M SA. HA, 3/7, I*7, S/7 rrnr m m ABC CONTAINERLINE N
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  • Page 34 Advertisements
    • 58 34 r tjr Egyptian International Shipping Company...,, SERVING DIKCT TO/FfOM POUT SUEZ, ALEXANDRIA, AND POUT SAID BY EGYPTIAN FIAG VESSELS tASTBOUND Hi EGYPT ETA SPORE ISM OUTBOUND TO EGYPT M V SPHINX VIM ETA SPORE 31/S accepting coktamer ano conventional caroocs •TORE AOEKT KAWASAKI B'PORE (PTE) LTD TIL *****77 14* CECIL
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    • 378 34 OcerhSeruice LCL/FCL SERVICE TO/FROM A SINGAPORE SSaa 778 6522 (22 LINES) ormi3 Contact: Elaina Too, Eithai Yap. 21-35U24 shipping (Singapore) private lurated Cargo bookings Tel: &439W (S LINES) REGULAR LINER SERVICE MARINA 1 June BATANGAS. CEBU, MANILA TIMOR ISLAND 25 May OISCHNG ID SEALS LINER SERVICE JUNE Manila. Kaotaiunt EXPRESS
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    • 284 34 C SAV EXP«SS SERVICE TO/from CH*E FEEDER VESSEL CSAV 1 CSAV 2 CSAV 3 SPOtt vt m _sl_ ■OTHER VESSEL HK 6. OCEAN VUV ARAUCO V IISI ONE SKOU V .1W VOKO AMCA MN ANTOfVALP SM CYE iiS:? it* Iff WWW W I* MP n» W ifi 14/9 CARGO FOR
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  • Page 35 Advertisements
    • 1043 35 1 ZIM FULL CONTAINER SERVICE .cceptm, FCL/LCL cargoe, to USA East t Wnt Coast, Caribbean, East Canada. HAITI Cotta Rica. El Salvador. Guatemala Honduras. Venwuola, Pwu, Ecuador. Colombia via Miami. Trinidad. Barbados Antigua. St. Lucia, Montserrat. Guayana via Kingston ;tT Tr tth* WW fj| 'Mr ZIM MELBOURNE ZIM KOPER ZIM
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    • 622 35 VESSEL JENHOL VIIBN JENWEL 118N JAKARTA I SURABAYA 6/6 6/6 PORT KELANG MANILA HONG KONG, ALL CHINA PORTS KEELUNG. KAOHSIUNG BUSAN TOKYO, KOBE CHITTAGONG DUBAI SYDNEY. MELBOURNE 03 JUNE 5 JUNE 3 JUNE 4 JUNE 6 JUNE 5 JUNE 4 JUNE 11 JUNE 3 JUNE ROTTERDAM, HAMBURG. LE HAVRE 3
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    • 363 35 PERINTIS LINE .vEEKu> POLU Container SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA General Agents: ASIA PERINTIS LINES PTE LTD 80 Anson Road #25-04 IBM Towers Singapore 0208 Tel: *****33 Tlx: ***** A/B PTASIA FAX: *****53 CR NO 1313QMDOOOC n ZZX inn SINGAPORE AGENTS: NAP© www PTE LTD
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    • 412 35 PTC CONTAINER LINES FCI LCI SERVICE SHI FU EAIT 4/6 KEELUNG/KAOHSIUNG 3/6 BANGKOK 4/6 MANILA 3/6 JAKARTA 3/6 PORT KELANG/PENANG 1/6 BUSAN 6/6 TOKYO/YOKO/KOBE 2/6 HONG KONG also accepting cargo to Huangpu Shenzhen Fuzhou Xiamen/Xingang/Shanghai UN EIMPE/WC 3/6 RDM/HAM/ANT/LE HAVRE/GENOA 3/6 LDN/FLX/LVP/SOU sm BU/CAMAI 4/6 L.A./NYC/SFO 12/6 VANCOUVER/TORONTO/MONTREAL 2111 FiJ'r
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  • Page 36 Advertisements
    • 376 36 COLUMBUS LINE AUSTRALIA-F E SERVICE (WAFE) CR NO **********R R SINGAPORE: DODWELL SHIPPING *****88 PT KELANG: H C *****01/4 PENANG: *****5 VSL MV SAMARINE REGULAR CONVENTIONAL SAILINGS TO BOMBAY ETA SPORE ETA BOMBAY E 10/6 19/6 Gen.,.; *g,„„ SEALION SHIPPING (S) PTE LTD Singapore SALES/BOOKINGS TEL *****81 (7 LINES) TLX-RS
      376 words
    • 557 36 FREIGHT SERVICES AUSTRALIA IMPORT/EXPORT SYDNEY MELBOURNE BRISBANE ADELAIDE HONGKONG 2/6, 4/6, 9/6 BANGKOK 2/6 TEL: *****66 (8 lines) PT. PELAYARAN MUTIARA SAMUDRA AGUNG SAMUDERA 102 2/6 KUALA SIAK 2/6 KUALA SIAK 16/6 BATAM/PERAWANG P BARU PERAWANG SAMARINDA/BALIKPAPAN 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS
      557 words
    • 496 36 iC MitsciOSK Lines .Ltd m m FULL CONTAINER EXPORT TO: UK/CONTINENT (TRIO) TOLAGA BAT KAGA KOW.OON BAT r»jr. Sla» H Wff Brawn R'tfam la Hi S 3 3 X 2 W-VM W W V to Ajrtwv GoOianburr Mala :It AM—tp. Am l«i <i. (W*. Stocihoto. I To tam MEDITERRANEAN (MED
      496 words