The Business Times, 30 May 1989

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, MAY 30, 1989 75 CENTS
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  • 157 1 Stock Indices Monday ST Industrials lnd«x 1265.49 (-4.09 BT Composite Index 1164.22 (-2.25 NST Industrial Index 2192.42 7.59 HK Hang Seng Index 2845.01 79.34 Tokyo Nikkei Average *****.83 (-30.79 Sydney All-Ordinaries 1535.9 5.2 Friday New York (Dow Jones) 2493.77 11.18 London (FT 30 Index) 1778.8 (+1.5 Exchange
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  • 80 1 THE US DOLLAR, now riding a wave of bullish sentiment, closed firmer yesterday in Asian currency markets in spite of consistent intervention by the Bank of Japan. But it finished below the day's high because of profittaking. In Tokyo, it closed at 142.88 Japanese
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  • 638 1  -  By LEE HAN SHIH, Property Correspondent WING TAI Holdings, one of the most aggressive property buyers, yesterday entered into two deals that will make it a major developer in the Bukit Timah area. The completion of the deals will give Wing Tai an
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  • 416 1  -  By LILIAN ANG A $550 MILLION optical fibre submarine cable network which will link Singapore and its Asean neighbours to countries in Europe has received strong interest from international telecommunications companies. High-ranking representatives from about 50 of the world's largest telecommunications corporations gathered
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  • 184 1 REGIONAL MARKETS closed mixed yesterday with Hongkong making the most headway. Share prices in the colony closed higher as bargain-hunters bought blue chips. The Hang Seng Index ended 79.34 points higher at 2,845.01 after Friday's five-month low of 2,765.67. Turnover fell to HK$2.O4 billion from
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  • 528 1 Agencies US PRESIDENT George Bush announced a major shift in US disarmament policy at the Nato summit yesterday, proposing a 20 per cent cut in American troops in Europe and negotiated limits on aircraft and tanks. "Eyes wide open and
    Agencies  -  528 words
  • 569 1  -  By ZHOU MEI, Economics Correspondent THERE IS NO QUARREL over the need to curb car usage. But how the government goes about achieving this, as seen in the package of disincentives announced in mid-May, was very much the focus of debate
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  • Page 1 Advertisements
    • 57 1 Nikon The World's Finest Photographic System. ItiiiuuesTune THE NEW DISTANCE BALL precept IS PRECEPT "fethnkatty Superior GoH Produtts' Fatty conforms to RSA and USGA rulings Bridgestone, one of the world's largest golf ball manufacturers with more than 50 years experience, introduces PRECEPT, the New Distance Ball MAXIMUM DISTANCE GREATER ACCURACY
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    • 225 1 Full report, PAGE 16 Regional mkts, PAGE 18 Editorial Comment: 10 SMEs: step in right direction BG Lee's US visit 10 Aims achieved, deals sealed Cambodian problem 11 Headaches for resistance Asia Pacific Freight 2 show 2 Mixed feedback from forwarders Small and medium-sized Arms 2 Govt urged to set
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    • 23 1 On Back Page HK property auction Sino adds two mora plots to land bank LI Pang wants probe Into US role In protest
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    • 93 1 The World's Finest Photographic System mvxKommmat On PAGE 3: Reservist* must report wtthln tlx hour* of recall Approval given for two largo reclamation project* 4—Increase productivity with Brother laser and computer printers, word processors,electronic typewriters and facsimiles. Visit our Middle Road Showroom or call 743-8000. Brother Business Mochines Sftooroom *01
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  • HOME NEWS
    • 441 2  -  Feedback from Asia Pacific Freight 2 By JAYARAM MENON IT TAKES MORE than a freight exhibition to attract freight forwarders, if feedback received from exhibitors at the recent Asia Pacific Freight 2 exhibition and conference is anything to go by. However, some exhibitors felt that
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    • 335 2 RESPONSE TO SME MASTER PLAN THE ASSOCIATION of Small and Medium Enterprises has asked the government to set "measurable objectives" for the private sector to assume the leadership role of spearheading SMEs in the 1990s If specific goals could be set for SMEs,
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    • 83 2 THE second phase of the Tampines expressway, from the junction at Elias Road to Lorong Halus, will be opened to traffic from 10.00 am this morning. Costing $27 million, the expressway will provide a more direct link for traffic between Hougang. Tampines and the eastern part of Singapore
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    • 435 2 THE SHAW movie group's new $14 million leisure retail centre will be ready for occupation in November just in time for the Christmas crowds. Renamed "Shaw Leisure Gallery", the two-storey shopping centre in Shaw Towers is strategically located at Beach Road
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    • 271 2 SINGAPORE businessmen wanting to do business in Indonesia will find a seminar starting tomorrow a gold mine of information. Giving participants a total picture of "Business Opportunities in Indonesia" at the World Trade Centre will be a team of Indonesian government
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    • 241 2 THE CURTAIN will come down tomorrow on Tropicana, the nightclub-cum-restaurant complex which, for 21 years, has been the last word in entertainment for hot-blooded males in Singapore. Famed for its topless shows, Tropicana will become history on June 1. Its owner, Vermont Realty, sold the squat building
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    • 182 2 MANUFACTURERS in Singapore must be more creative and resourceful if they are to stay ahead of competing countries in the region, says the general manager of Woolworth Overseas Corp. They should come up with innovative ideas and designs, and then tout them to potential
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    • 106 2 TRADEWINDS begins flying to Kuantan. Malaysia, from today replacing Singapore Airlines in the joint flight operation with MAS This is in keeping with Tradewinds' role of flying to holiday destinations in the region, said Yeo Loy Seng, Tradewinds' general manager. With the Kuantan connection, the SIA spin-off
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    • 132 2 THE GOVERNMENT will encourage greater private sector participation in the aquaculture industry and the agro-industry as a whole, said the director of the Primary Production Department at the opening of the "Marine Sciences and Technologies Opportunities for Venture Investments" seminar. Said Or Ngiam Tong
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  • Page 2 Advertisements
    • 110 2 Leader, PAGE 10 A Lifetime of Beauty comes to Singapoi Erno Laszlo is now at Centrepoint. Now you can cnjov all the benefits of Erno Institute at Centrepoint for a complimentary Laszlo in Singapore with the opening of our new workshop session. Institute at Unit 03-30, Centrepoint Shopping Centre. j||j
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  • YESTERDAY IN PARLIAMENT
    • BRIEFS
      • 159 3 BY INCREASING the number of graduates from the universities, polytechnics and the Vocational and Industrial Training Board (VITB) year by year, Singapore should be able to meet its manpower needs in the near future, said Trade and Industry Minister Lee Hsien Loong. But the Republic is ever
        159 words
      • 141 3 IT IS UNTRUE that political detainee Teo Soh Lung has not been released from detention because she has persisted in a habeas corpus application in the High Court, Law Minister Professor S Jayakumar said. Replying to Non-Constituency MP Dr Lee Siew Choh, Prof Jayakumar said that
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      • 193 3 THE HOUSEHOLDS covered in a five-yearly expenditure survey to determine the Consumer Price Index are representative of average Singaporean families, said the Trade and Industry Minister in reply to a question from Dr S Vasoo (Tiong Bahru GRC) on whether the CPI accurately reflected the cost of
        193 words
      • 113 3 CHEATING on resettlement compensation has been rife. The Ministry of National Development and the Corrupt Practices Investigation Bureau have set up a task force to review every resettlement case of the past 10 years. So far, 43 squatters have been prosecuted. More than 600 squatters have admitted to
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      • 109 3 THE privatisation of Singapore General Hospital from April 1 has not kept away needy patients, assured Acting Health Minister Yeo Cheow Tong. In April, SGH granted remission of medical treatment fees to 15 patients and 103 outpatients, while a further 90 patients and 255 outpatients had
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      • 99 3 PEOPLE on the receiving end of facsimile machines are as liable as the senders, as far as the transmission of undesirable materials are concerned. Those who retain unsolicited seditious or obscene publications, for example, could be prosecuted for possession, said the Minister for Communications and Information. Those
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      • 173 3 THE government has an interest in the civil suit between Prime Minister Lee Kuan Yew and Star Publication (M) Bhd and its editor because defamatory articles published by the newspapaer on Feb 1, 1987, and Feb 22, 1987, attacked not only the PM but also the whole
        173 words
      • 78 3 CONSTRUCTION o{ Changi Airport's second passenger terminal building should be completed as scheduled in the second half of 1990, although the time given to exigencies such as labour or material shortage and poor weather is increasingly being used up, said the Minister for Communications and Information. Dr
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      • 87 3 FOUR BILLS were introduced at yesterday's sitting of Parliament. These were: Housing and Development (Amendment) Bill (introduced for first reading by Dr Lee Boon Yang, Senior Minister of State for National Development and also Home Affairs); Prevention of Corruption (Amendment) Bill (by Professor S Jayakumar, Minister for
        87 words
    • 521 3 NATIONAL SERVICE reservists will now have to respond to mobilisation exercises in double-quick time as a new Bill allows them only six hours, instead of the previous 12 hours, to get to their camps. Citing recent mobilisation exercises as examples, Brigadier-Gen-eral (Res)
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    • 269 3  -  Reports by ZHOU MEI, ANNA TEO,SHOEB KAGDA PARLIAMENT gave the green light yesterday to two reclamation projects: one to facilitate the construction of a new container terminal on Pulau Brani and the other to accommodate the redevelopment of the Woodlands checkpoint. Professor S
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  • Page 3 Advertisements
    • 202 3 Sk f Ah.iJ-.i V i-i 1 i t -.f rf t r > > j v -j. I sv <£'•«£ i'*r I" t ■> i =*•>-■ <*t' f f p*« v ,!l y^T -f-f; v, 4 ?i rV t- :l 1 > < T~' mi v r i *v -V.
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  • ASIA-PACIFIC
    • 167 4 AP NISSAN MOTOR CO, Japan's second largest car maker, said Monday it has decided to join GE Capital, a major US finance company, in launching a corporate car fleet maintenance company in Japan. It will be the first such business to
      AP  -  167 words
    • 361 4 Reuter FORMER JAPANESE prime minister Yasuhiro Nakasone's surprise move into self-imposed political exile is aimed at ensuring that his close associate Sosuke Uno become premier, political analysts said yesterday. The 71-year-old Mr Nakasone, a major influence in Japanese politics and diplomacy, said on Sunday
      Reuter  -  361 words
    • 313 4 UPI OUTGOING Japanese Prime Minister Noboru Takeshita, describing the present international situation as "complicated and fluid", yesterday emphasised the need for Japan to build up steadily its defence capability. He also pledged that Japan would firmly maintain its security arrangements with the US. Addressing
      UPI  -  313 words
    • 290 4 AFP A MOVE by the US to put India on a list of trading partners practising unfair policies is an interference in New Delhi's internal affairs, according to India's Finance Minister, S B Chavan. Every sovereign nation had a right to formulate and
      AFP  -  290 words
    • 183 4 AFP FRENCH Defence Minister Jean-Pierre Chevenement visits South Korea this week in an attempt to promote his country's industry ahead of the award of some profitable contracts The visit, which started yesterday and ends tomorrow, will be the first by a French defence minister. He
      AFP  -  183 words
    • 77 4 AP SOUTH KOREA'S exports of motor vehicles fell sharply between January and April, while domestic sales increased significantly. The Trade and Industry Ministry reported yesterday that during the first four months of 1989, the Korean car industry exported 134.000 motor vehicles. down 31.7
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    • 428 4 Reuter AUSTRALIA'S government hung out the "Don't Panic" signs yesterday in an attempt to calm financial markets concerned about the country's economic health. The Australian dollar dropped around 2.5 US cents in early trading after last Friday's surprise announcement by credit agency Moody's that
      Reuter  -  428 words
    • 1126 4 ARRIVALS DEPARTURES Operator Service Local From Operator Service Local For numoor Hrno numbor time MAS GU AAH625 GA990 0005 KUL 0035 CGK CSA JAL OK511 JL714 0010 0030 BOM/LCA/PRG OSA SIA SQ01I 0040 LAX/NRT SU SQ086 0035 OSA UAL CAL UA805 CI341 0055 SFO/HKG 0155 TPE GU
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  • Page 4 Advertisements
    • 173 4 11 wm'A *8? S a m •v *jr >• s. i 9 -'v r V •4 M t* :< > n «kl v w «f «m hJf Now Europe's closer with Thai. Non-stop flights to 8 European cities. Thai has shortened the distance to Europe by around 1000 miles. Because
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    • 8 4 Uno: articulate statesman, writer and artist, PAGE 11
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    • 39 4 Cill rotir Tnvti Agent or Air Canada ar 7}2t5SS A BREATH OF FRESH AIR The bwiincM prnon'i cbowc erery Tuodry, Thursday. Saturday and Sunday. Leaving Changi Airport at 12:05 hour* and arriving Heathro* eariy the following morning. Air Canada
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  • REST OF THE WORLD
    • 310 5 IHT WITH NOTHING NEW to say on how to correct the continuing imbalances in international trade and reluctant to sound alarmist about the rekindling of inflation, the Organisation for Economic Cooperation and Development (OECD) will be putting an emphasis on fighting protectionism
      IHT  -  310 words
    • 313 5 Reuter BRITISH Chancellor of the Exchequer Nigel Lawson. his credibility dented by Britain's trade deficit and inflation, could face more problems this week if the pound comes under new pressure from expected rises in Japanese and West German interest rates. A sudden run
      Reuter  -  313 words
    • 261 5 NYT WITH the steel import quotas negotiated by the US and 20 steel-producing countries scheduled to expire in September, the debate on the necessity of the limits has become decidedly more pitched. Five years ago, when Washington first held serious talks with foreign steel
      NYT  -  261 words
    • 140 5 NYT ORDERS for Americanmade machine tools, reversing two months of increased levels, dropped by 16.7 per cent in April from the previous month's level, according to a report released yesterday by the industry's trade association. Analysts attributed the decline to slower spending by manufacturers on new
      NYT  -  140 words
    • 197 5 NYT EGYPT is facing an impending financial squeeze over the repayment of debts related to US military aid that has prompted a review of military spending, say Egyptian and Western officials in Cairo. The US provides Egypt, its most prominent Arab ally.
      NYT  -  197 words
    • 453 5 NYT A GROWING NUMBER of Western companies in industries ranging from accounting and hotels to copiers and computer software are rushing to invest in the Soviet Union and other Eastern European nations to take advantage of changes in economic policies. In the
      NYT  -  453 words
    • 172 5 AFP WESTERN COUNTRIES intend to keep up pressure on East bloc states at a human rights conference in Paris to be attended by Soviet Foreign Minister Eduard Shevardnadze, despite the improvement in Moscow's record. Morris Abram, head of the
      AFP  -  172 words
  • Page 5 Advertisements
    • 162 5 NEW YORK I .8 00 t SYDNEY i 11.00 TOKYO t 1000 HONGKONG -rs** i i I i—illii i 9.00 TV s%rr- Hooking up to the International Toll-Free Telephone Service is a small investment that yields your company i considerable benefits. It prompts your overseas customers and agents to call
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  • Page 5 Miscellaneous
    • 221 5 S3K] Max/ Note Min (°C) 16/14 Cloudy 20/06 Cloor 25/15 Cloudy 15/07 Cloor 37/30 Cl«ar 33/25 Sunny 30/24 Cloudy 30/19 Showor* 23/13 Sunny 25/12 Cloor 23/10 Cloar 28/24 Fair 26/18 Sunny 23/15 Cloudy 26/12 Cloar 24/09 Cloar 19/09 Cloor 39/21 Cloar 08/06 Cloudy 15/05 Cloar 28/18 Cloudy 19/08 Cloudy 20/12
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    • 42 5 Doonesbury BY GARRY TRUDEAU rw it n t 3 tr IV jtcixfi U I A fcIUXM i r m U Mj I Ussd S3 W A M h ft m Si ft 5^ > 1 H#/' f-t mi r zr jCJ»S m -f/C,
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  • MONEY AND EXCHANGES
    • 517 6 Reuter SALES of securities offset flat or lower operating profits, giving most Japanese city banks double-digit growth in current and net profits for the year ended March 31, 1989, industry analysts said. The same rising interest rates which shaved last year's operating profits
      Reuter  -  517 words
    • 1220 6 Reuter SINGAPORE: THE US dollar yesterday rose against most currencies but closed below the day's highs after several rounds of intervention by the Bank of Japan and prof-it-taking capped its topside, dealers said. Trading was strong in the morning, when the dollar rose sharply on active buying, but
      Reuter  -  1,220 words
    • 103 6 Treasury bills Period Issue Yesterday's dosing Oay's code Maturity BID OFFER HIGH LOW 3 months BQ*****E 24.08.89 3.80 3.75 3.91 3.79 6 months BS*****N 17.08.89 3.80 3 J5 1 year BY*****F 24.05.90 4.36 4.31 4.35 4.32 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's
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    • 53 6 THE OVERNIGHT RATE as well as the short-term rates on the Singapore money market closed unchanged yesterday. S$ Interbank rates at the close yesterday: Off El mo Ov+r- 3 s I-monft* 5 3/16 3 3/l« 2 month 5 5/16 3 3/16 3-monrti 5 5/14 j 3/,^ Overnight mod*,
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    • 230 6 ASIAN DOLLAR deposit rates yesterday ended at their opening levels in quiet trade, with operators concerned about possible increases in the Japanese discount rate and the West German Lombard and discount rates this week. Term rates were steady to slightly higher at the outset and remained unchanged
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    • 471 6 Reuter EURODOLLAR futures yesterday closed higher compared with last Friday's Chicago levels on buying and short-covering in moderate trading, dealers said. They said a strong US dollar underpinned prices but the closure of the US and UK markets dampened activity. Operators also were awaiting this week's release of some
      Reuter  -  471 words
    • 192 6 Reuter' IMM currency futures on Friday gave back most of their early sharp gains but managed to end the abbreviated session higher. After surging at the opening, prices came under renewed selling and some contracts turned lower despite concerted central bank intervention. "Everybody thinks we've had the correction we
      Reuter'  -  192 words
    • 184 6 Indlctift Hi# ivtftQ# of Hi# prim# IfftdlnQ rdH ol 12 major tanks In S'por# Interbank market rates (offer/bid) on May 29 y 1 1} Mk us$ 9 3/4 —f 3/« 1 l/l* 9/14 9 1 l/l* 9/1* 9 9/1* 7/1* 9 9/1* 7/1* 'J Vi il i/i
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    • 1292 6 CURRENCY FUTURES OPTIONS Monday, May 29, 1989 DEUTSCHE MARK (SMEX) 8950 8975 9000 9025 9050 9075 9100 9125 1448 1268 1058 668 378 < 1 1 1 1 II 1 1 145 124 103 65 36 1 1 li 1 1 1 1 ISA ISA 23A 33A 3*A 13
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  • Page 6 Advertisements
    • 66 6 SHANGRI-LA I\TH\AT I O A I, IN P E N A N G YVHKKK KLSK BUT THK SHANGRI-LA The Finest Business Hotel In Penang. ShongriLa hotel MAGAZINE ROAD, ***** PENANG. MALAYSIA. TEL: (60-4) 622 622. TLX: ***** SHNGPG MA EAX: (60 4) 626 526 SHANGRI-LA INTERNATIONAL: SINGAPORE 235 1311 KUAL*
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  • BANKING AND FINANCE
    • 702 7  - N is for nuisance, neon signs mm® mm by PAUL FRANKLAND TODAY, I will take you even further along the road in our alphabet of insurance jargon. Today's letter is "N" and it is quite a no-nonsense letter. Named Peril Policy such a policy specifies what perils are covered, whereas
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    • 318 7 Reuter THE AFRICAN Development Bank celebrated its silver jubilee yesterday as efforts by industrialised nations to ease the continent's crushing debt burden slowly gather momentum. French President Francois Mitterand last week announced that Paris would cancel all official debts owed to
      Reuter  -  318 words
    • 386 7 ANNUAL MEETING OF THE FACTORS CHAIN INTERNATIONAL OFFER the best trading terms as well as competitive prices that was Trade Development Board chief Yeo Seng Teck's advice to exporters yesterday. Speaking at the opening of the Factors Chain International annual meeting, he said
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    • 471 7  -  By QUAK HIANG WHAI SENIOR factoring managers yesterday urged the Singapore government to remove stamp duties on factoring services to promote greater efficiency in the international factoring industry. Meeting the press after the official opening of the annual meeting of the Factors Chain International
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  • Page 7 Advertisements
    • 87 7 Indian Bank Serving Singapore since 1941 Corporate Treasurers! Aim for Higher Interest Rates At Indian Bank we provide you Greater Benefits with Higher Interest Rates! Fixed Deposit (Ss) 1 month 4.50% 3 months 4.75% 6 months 5.00% 9 months 5.00% 12 months 5.25% Savings Account 4.25% (Interest computed daily and
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    • 250 7 'A 3 l 3 c d d > > <* A > A <f >? 4 A A A A. V. A A A 4. A A 2 V f A I > X 2 y. x 2 Z 2 x 2 a X 5S 38 IP r A ///A
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  • COMMODITIES
    • 284 8 Bernama MALAYSIA is to introduce several strategies to effectively counter an anti-palm oil campaign by the American Soybean Association (ASA) and American Heart Saver Association (Ahsa), Primary Industries Minister Datuk Seri Dr Lim Keng Yaik has said. He emphasised that
      Bernama  -  284 words
    • 565 8 Reuter GULF OIL producers, two of them desperate for foreign exchange, look set to push for an increase in Opec's production ceiling when ministers next meet in June, according to oil industry analysts in the region. But some producers may
      Reuter  -  565 words
    • 194 8 Reuter WORLD PRODUCTION of jute, kenaf and allied fibres in fiscal 1986/89 (July-June) dropped to 2.91 million tonnes from 2.96 million tonnes in 1967/88, the International Jute Organisation (JJO) said. "Raw jute production declined in Bangladesh and India but it went up in
      Reuter  -  194 words
    • 155 8 AFP TWO FOREIGN FIRMS are scheduled to start exploratory drilling for oil and natural gas reserves in Nepal's southern lowlands this week, a senior official from the Department of Mines and Geology said. The government has signed an agreement
      AFP  -  155 words
    • 488 8 UPI OCCIDENTAL PETROLEUM Corp will resume oil production in June at the company's Claymore and Scapa fields in the North Sea, Mr Armand Hammer, the company's chairman and chief executive officer, said on Friday. Production at the fields stopped in July 1988 following
      UPI  -  488 words
    • 544 8 Reuter COLOMBIA, already a significant Latin American oil producer, plans to increase its oil output by about 30 per cent to around 550,000 barrels per day (bpd) by the end of 1990 when a new pipeline is scheduled to be
      Reuter  -  544 words
    • 361 8 Reuter HONGKONG: GOLD yesterday ended lower despite initial shortcovering sparked by an easier US dollar. Dealers said trade was thin owing to market holidays in the US and London, making it easier to sell gold lower as the US dollar strengthened throughout the day. Bullion ended at US$362
      Reuter  -  361 words
    • 196 8 Chinese Produce Exchange SoUon noon doting pc 1c**an Moy 79 (SI/100 kg) Coconut oil kfe FOB 107.00 Old drum FOB 117.00 N*w drum FOB 121.00 Copra 62.50 nlm Mixed (loo**) Peoper Muntok wMt* FOB NIW 552.50 Sarawak wWi® FOB «aq NIW 542.50 Sarawak ipodal Mack FOB NLW 407M
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    • 191 8 Bernama MALAYSIA'S rubber output in March dropped by 12,309 tonnes to 08,186 tonnes compared with February s production of 110,405 tonnes, the Statistics Department said yesterday. Compared to a year ago output of 104,842 tonnes, production in the month under review showed a drop of
      Bernama  -  191 words
    • 360 8 Bernama TIN PRICES will rise further if the current supply and demand situation is not immediately corrected and the ringgit does not strengthen against the major currencies, Malaysian Chamber of Mines president Ibrahim Menudin said yesterday. In this
      Bernama  -  360 words
    • 172 8 Telerate THE FUEL OIL market was quiet reportedly due to uncertainty concerning the outcome of the forthcoming Opec meet in Vienna. Sellers were sidelined snd reluctant to quote fixed prices while buyers indications were $96-97 MT FOB Sing for CSTIBO. Late June Venezuelan barrels were on
      Telerate  -  172 words
    • 254 8 MALAYSIAN CRUDE PALM <ML FUTURES cJom slightly easier yesterday in moderate trading following ttie lack of overseas demand. Spot month June dropped Ms 2 to MSO22 per tonne, July down Msl to Ms9l6 per tonne and August wss unchanged at MSOI4 per tonne. Turnover fell to 491 lots
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    • 225 8 SINGAPORE: PRICES closed easier, but above yesterday morning's lows with June 1 RSS quoted at 180.00 cents a kg. 1.50 cents from Friday's close. Dealers said prices recovered partially in the afternoon on short-cover-ing in response to better Japanese advices. However, trading was quiet and featureless. On the TSR-20
      225 words
    • 273 8 RAS prices msc MMg,FOBbibali NOON close Buyers Sellers luyvri *-M Oflif n tat 1 RSS Prompt '80.50 181 JON 181 JO 182 JON Int 1 RSS jum 89 179.00 isaooN ***** *****N int 1 RSS Juty ***** 178J0N 178JO 179 JON ln» 2 RSS Of 176.00 178.00N
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    • 70 8 (c«./kg) RAS SSI 30 SSI SO MRELI JUNE 1909 (currant montfi) NOON 130-50 153-50N 14®_50 150J0N 3 Into JULY 1989 IlOfworo moomj NOON 1 SO-SO I53.50N 141.50 *****N SM8 CV 244JO 346J0N 346.50 *****N SMI i 247.00 249.00N 249.00 251.00N SMI S 219.00 221.00N 221.00 323AM SMI
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    • 142 8 Router THE Kuala Lumpur Tin Market (KLTM) price extandad last Friday's downtrend, cloelng 16 canto lowar at M 526.07 a kg, daalara said. Tha fall was dua to an Initial hfghar offering of 115 tonnes against bids of 46. But final turnover settled at 60, against Friday's 60,
      Router  -  142 words
  • Page 8 Advertisements

  • TECHNOLOGY
    • 700 9  -  P©-- By JEFFREY TSANG THESE DAYS, any company that sends out letters that look like they have been typed is considered backward. To be considered in touch with the times today, correspondence needs to be typeset. So more and more are
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    • 546 9  -  Cable analyser expected to boost sales substantially By TEH HOOI LING A CABLE ANALYSER, designed, developed and manufactured locally is expected to boost the sales turnover of a Singapore company by about 700 per cent. Known as the multicore cable analyser and touted
      546 words
    • 443 9  -  By WALTON MORAIS A LOCAL software house will launch its flagship product at the Banque Asia 89 exhibition cum conference next week, confident that shrewd marketing strategy and the long years of hard work will finally begin to pay off. System Access Re
      443 words
    • 209 9  -  Compiled by WALTON MORAIS Reuter HOPES for the superefficient transmission of electricity via newly discovered high-temperature superconductors are fading fast. Science Mmgmzine reported last week. "The once-high hopes for high-temperature superconductivity are nearly gone." the magazine said, noting that "years of research lie
      Reuter  -  209 words
    • Article, Illustration
      117 9 IS WAR A SPORT, or is sport war? Dan Bunten's Modem Wars suggests one is a mirror image of the other. By Electronic Arts, this is a war game designed to be played by humans via modem and distils many elements that make up war as well as
      117 words
  • Page 9 Advertisements
    • 167 9 This happy businessman M is smart. Xm, He increases his sales without any cash problems. He is PAID on time. He never has a slow paymaster. He did it by calling Hong Leongl Singapore Finance Free yourself from cash flow problems created by credit sales and improve turnover with FACTORING.
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    • 507 9 Technology Mure Sank 6th Biennial Congress on Financial Technology Applications June 6 8,1989, Westin Plaza Convention Centre, Singapore Automation of trade documentation procedures and the advent of Electronic Dala Interchanges (EDIs) are the newest technologies now being introduced in the banking environment. They will make a significant impact on the
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  • PERSPECTIVE
    • 509 10 SOME small and medium sized enterprises no doubt feel that the much-awaited SME Masterplan offered little that they could sink their teeth into. There were no new financial packages or services. Yet the plan, based on the concept of "help for self-help", is
      509 words
    • 1196 10  - BG Lee hitting it off in America Trade and Industry Minister Lee Hsien Loong recently made a swing across the US on a mega-marketing trip to sell Singapore to American investors. The trip, not intended to clinch deals with investors, did much to lay the groundwork for future investments. JEFFREY
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    • 1178 10  -  Economics Correspondent ZHOU MEI reviews a book of readings that argues the present-day relevance of Islamic economics in its own terms ZHOU MEI THE ISLAMIC economic system is not merely one where rib* (interest) is forbidden and zakat (a duty on net worth) is enforced. It is
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    • 160 10 TMe: Readings In fee Concept and Methodology of Islamic Economics Editors: AldH Qhazall and Syed Omar bin Syed AgU Publisher: Peianduk PubNcatlona Distributor Changi International Distribution Sendees Price: Hard cover $39; soft cover $14 THE UNDERLYING theme of the collection of 10 essays in this volume is
      160 words
    • 521 11 Reuter JAPANESE Foreign Minister Sosuke Uno, reportedly set to succeed Noboru Takeshita as prime minister, was one of the few government leaders to emerge untainted from a shares-for-favours scandal. Mr Uno, experienced and articulate, is seen by the Liberal Democratic Party (LDP) as
      Reuter  -  521 words
    • REGIONAL VIEWPOINTS
      • 285 11 INDONESIA "UNDOUBTEDLY one of the most significant and even dramatic developments in the post-World War II era has been the emergence of the Federal Republic of Germany as a viable economic power in Europe with a political life that is strongly entrenched in the tradition of parliamentary
        285 words
      • 276 11 CHINA "CHINESE leaders met in secret last Tuesday. The meeting has not been acknowledged officially. Nothing is Known about what transpired at the meeting. The chairman of the National People's Congress, Wan Li, cut short his visit to the US The one thing that can
        276 words
      • 168 11 MALAYSIA "DEPUTY Prime Minister Abdul Ghafar Baba has disclosed that the Cabinet has recently established a committee on infrastructural development Although Malaysia's physical infrastructure is one of the best in the region, it has to be further expanded and improved from time to time to maintain this
        168 words
      • 295 11 "HAILED as the 'most immediate success' at the mid-term review of Uruguay Round of Multilateral Trade Negotiations, the Tropical Products Negotiating group has made further progress since then. Japan was among the first to announce its programme to reduce tariffs on tropical products. South Korea
        295 words
    • 1059 11  -  PETER ENG reports on the dilemma facing the various factions as they try to hammer out an agreement before Vietnam pulls out of Cambodia PETER ENG AP FOR THE PAST decade, much of the world has at least indirectly helped the brutal Khmer Rouge up from
      AP  -  1,059 words
    • 507 11 Reuter WHEN A NEW YORK petroleum company paid US$Oll million for the oil and gas properties of Houston-based Trsnsco Exploration Partners Ltd in Iste May, many industry snalysts saw the desl ss the best sign yet that US natural gas oversupply is nearing an
      Reuter  -  507 words
  • Page 10 Advertisements
    • 289 10 DARWIN. You've never experienced anything quite like it Hand-feed thousands of fish. Spend A a night with a camel. Take your M chances at the roulette table. And W unwind at the end of the day in the sheer luxury of a 5-star hotel. V That's only some of the
      289 words

  • Page 11 Advertisements
    • 433 11 REQUIRED READING SINGAPORE BUSINESS YEARBOOK 1989 is a must read for corporate executives, managers, entrepreneurs, professionals, young, aspiring executives, and investors who need to keep their fingertips on the pulse of the Singapore business scene. -Jf A? 4 ASEAN ECONOMIC SURVEY Challenges Facing Asean Any slow down in the United
      433 words
  • Page 11 Miscellaneous
    • 52 11 IBriSl l TH£] TO THC STpiTiON J LEBPT FRon IMO S<iPPGD all Vprjiss PRCTrv OF Tv4C TRFMN PMe. U)P\V FRonn TH£ |\c L IS 10ITH p> HeY STATION to U)ORK\ .A Due INTODRV ,NONNV NO I yvi vx —1 1/ t<*C\ IVCKINO tTANOAHO CO. LTD, IHi— 1 M< -r ;'0:
      52 words

  • LEISURE
    • 489 12 BOOKS UPI .'Taking God By Tony HWorman Harper and Row, 288 pages Reviewed by BRAD SMITH i .TONY HILLERMAN, who has probably done as much as any popular author to bring an un- dacstanding of the Navajo culture, la back again with another tale of intrigue
      UPI  -  489 words
    • 158 12 ART AFP LONDON-BASED AUCTIONEER Christie'# International it developing its Far Eaet interests in partnership with the John Swire group. The new venture company 00 per cent owned by Christie's and 40 per cent by Swire plans to explore snd expand the art suction market In
      AFP  -  158 words
    • 218 13 EXHIBITIONS IHT THE largest exhibition of impressionist and 20th century works ever staged in Hongkong is on display through June 18 as part of a 10-nation tour sponsored by Reader's Digeet The 40 paintings and pieces of sculpture comprise only a tiny part
      IHT  -  218 words
    • 676 13 FILM FESTIVALS NYT IT's anybody's guess aa to how accurate a reading on international production one can get at any film festival. When one ia in New York, American movie making seems dominated by the brainless. From Cannes, it looks to be in some kind of
      NYT  -  676 words
    • 494 13 RESEARCH AP THE voracious Japanese appetite for sea urchins has created a booming market for the spiny creatures, and University of Maine researchers in the US want to develop an even better version. "Presently, if you take 100, you might get SO or
      AP  -  494 words
    • 44 13 STAMPS A 25-CENT STAMP honouring author Ernest Hemingway will be issued in Key West, Florida, on July 17. The stamp, seventh in the Literary Arts Series, is designed by M Gregory Rudd and based on a classic 1957 photograph by Yousuf Karsh.
      44 words
  • Page 12 Advertisements
    • 323 12 Wfctrtventertain.,,Wfmvtv entertain... Where to entertain... Where to ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM w For between $26+ and $40+ you can select from our appetiser CjKILL buffet including seafood, smoked salmon and oysters. Choose from
      323 words
    • 169 12 Knjoys the lic-M ol 1 \\t> Worlds v -C- P a n v i m y J&Wi \f^ .I/ CWt'i-s Pot I )iH*li <l.'ill\ \\<>|l<|.l\ I lull stl.l\ Slliulav d .1.111. I<) I .1.111. I i itl.u i\ S.iturd.'ix .i.m. io I .i.ni. <35 m,m i iM mi no;» mJSsk
      169 words
    • 202 12 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price! For starters, take your pick of our cokj dishes prawns on ice. fresh oysters, smoked salmon, meton and dried ham. vegetable terrine. mixed seafood salad, cooked assorted vegetables and homemade dressings Select you main
      202 words
    • 268 12 Hong Kong Buffet 16-31 May Tuck into these dishes from the Fragrant Harbour: roast duck, barbecued meats, claypot specialities Desserts include gingko nuts in barley soup and red bean paste. Lunch and Dinner. Adults: 14.50 Children: $9+ M Plaza Hotel Cafe Plaza ——aS Beach Road Singapore 0719 Tek *****11. Pdiwnoant
      268 words
    • 160 12 f Guangdong Buffet witli aJ^fcJifference •>. y r~, V*. Shark'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 Guangdong
      160 words

  • Page 13 Advertisements
    • 191 13 entertain.... A f i'- r m f i There's a cafe on a lush, green hi 11... where you can take a break. Meet friends. Relax. Make choices from the delightful international cuisine and Asian favourites. Prawn Mee, Nasi Goreng. Prawn Curry. Rahmschnitzei. Hainanese Chicken Rice. And much more. ~Jt
      191 words
  • Page 13 Miscellaneous
    • 674 13 CRYPTIC PUZZLE ACROSS 3 Might they be slipped in the back of a programme? (5) 8 Wait for the Spanish to take time out (5) 10 A teetotaler, I see, is lofty (5) 11 Edible extract of crab apples (3) 12 Figure an artist makes a name (5) 13 Garments
      674 words
    • 1196 13 Farr (right), of ftm popular MMNkmo, up In Run TUI You Fall tonight on SBC 5 at 10.35pm OUR CHOICE RUN TIU. YOU FALL, IOJSfm, SBC 5 White working his way through law school, a small-time private eye gets thrown out of the house by his wealthy wife. Apparently, It's
      1,196 words

  • SPORTS
    • 414 14 MOTOR-RACING AFP WORLD CHAMPION Ayrton Senna took charge of the 1969 title race when he led from start to finish in his McLaren Honda to win the Mexican Formula One Grand Prix on Sunday. It was the Brazilian's third win in a row, after
      AFP  -  414 words
    • 414 14 AP BRAZILIAN DRIVER Emerson Fittipaldi held off first one, then two sons of legends and came away with the biggest victory of his life in the Indy 500 on Sunday. Michael Andretti and Al Unser Jr were the only drivers able to pass the
      AP  -  414 words
    • 403 14 AFP TRAGEDY HIT the German mo-tor-cycling Grand Prix on Sunday when Venezuelan rider Ivan Palazzeee died from injuriee sustained in an horrific crash in the 2Socc race. Palazzese, 27, collided with Fabio Barchitta of Italy and the Frenchman Bruno Bonhuil after only one-and-a-half
      AFP  -  403 words
    • 495 14 TENNIS AP WITH THE defections of Martina Navratilova and Chris Evert, Steffi Qraf entered the French Open yesterday with few obstacles in her path to a third straight French title and sixth consecutive Grand Slam victory. The 19>year-old top seed from West Germany
      AP  -  495 words
    • 191 14 FIRST IT WAS the Team Borg Grand Prix, then came the Jurong Country Club Tennis Masters and Classics with another unseeded pair to reach the final on Sunday. The unseeded pair of Toshimi Inagaki and Hiroaki Tagawa went one step better than qualifiers Kevin
      191 words
    • 123 14 AFP BORIS BECKER led West Germany to its first triumph in the World Team Cup when the team beat Argentina 2-1 in the final in Ousseldorf on Sunday. Becker won the opening singles against Guillermo PerezRoldan although he was taken to
      AFP  -  123 words
    • 245 14 BASKETBALL UPI THE LOS ANGELES LAKERS, behind Byron Scott's 35 points and Magic Johnson's 21 points and 20 assists, boat ths Phoenix Suns 122-117 on Sunday to sweep into the NBA finals undefeated in the playoffs. The Lakers, bidding for a third strsight NBA title, improved to
      UPI  -  245 words
    • 369 14 GOLF AP MASTERS CHAMPION Nick Faldo birdied the final two holes on Sunday to tie inconsistent Australian Craig Parry with a twostroke lead after three rounds of the U*****,000 European PGA Championship in England. Faldo recorded four birdies and one bogey in his round of 3-under-par
      AP  -  369 words
    • 282 14 UPI SCOTT SIMPSON, victorious for the first time since capturing the 1967 US Open, needed only a par on the first hole of a sud-den-death playoff on Sunday to beat former PGA champion Bob Tway and win the US$9OO,OOO Atlanta Golf Classic. Simpson
      UPI  -  282 words
  • Page 14 Advertisements

  • COMPANIES & STOCK MARKETS
    • 712 15 mm™ By HOCK LOCK SIEW SHAREHOLDERS OF Ambassador Holdings can look forward to major developments at the company in the next few months. The responsibility of reviving Ambassador Holdings has now fallen into the hands of Mr Chang Ching Chuan and his family members who have
      By HOCK LOCK SIEW  -  712 words
    • 286 15 TWO JACK CHIA-related companies have exercised their right to subscribe for a total of 22 million $1 shares in Jack Chia-MPH Ltd under the latter's transferable subscription rights (A) at a total cost of $27.06 million or $1.23 per share. The
      286 words
    • 209 15 HONO FOK CORP LTD has announced that Yaton Realty Co Ltd, its wholly-owned subsidiary, has completed the sale of Fortress Tower on May 26 with the receipt of HK$56O million, being the balance of the sale price. SM HENG CHAN (MALAYA) BHD said in an announcement to the
      209 words
    • 340 15 CROCUS HOLDINGS, a private company headed by businessman Eng Chin Ah, is assuming management control of Imatex Bhd with the appointment of four new directors last week. This will increase the number of directors in the company to six. The present board consists of chairman
      340 words
    • 70 15 PETALING TIN Bhd: Group aftertax profit of M 55.32 million (M 51.41 million) on turnover of M 519.55 million (M 58.94 million) ■or the six months ended April 30, 1989. Earnings per share works out to 53 sen (14 sen). An interim dividend of 60 sen per share
      70 words
    • 353 15  -  By KEVIN GWEE MALAYAN CREDIT Ltd's proposed one-for-three bonus issue of up to 77.02 million ordinary shares has been cleared by the Stock Exchange of Singapore and shareholders. The property-based group announced yesterday that the SES has granted it an in-principle approval for
      353 words
    • 1337 15 Currom Ex •oofca Date TOM tor Totol tor poy" itoto CtoM payaMo too yoor tool yoor A fmi .mil... A DWwi pi I#" 6%W May 3 Moy 18 Jun 8 l'% 10% Amcol 10% Ju. 16 Ju. 28 Jul 12 10% 9I%W Asiatic Doy 3J% May 22 Jun
      1,337 words
    • 888 15  -  HQ LIKELY TO BE MOVED OUT OF AUSTRALIA By FLORENCE CHONG, writing for BT from Sydney HONGKONG-BASED business tycoon, Miss Sally Aw Sian, fresh from her success in privatising her Australian company. Cereus Australia Ltd, is now widely expected to move
      888 words
    • SES
      • 1097 16  -  by HERMAN PHUA THE SINGAPORE stock market closed broadly lower yesterday in quiet trading. The Straits Times Industrials index opened on a strong note, gaining 5.16 points within the first hour of trading, before some mild profit-taking brought it to a close of
        1,097 words
      • 248 16 >($) for May 30 Singapore Unit Trust TW Commarc» no I.U* Tha So»«q« Fund OM 104 S'por* frog Fund 0.45 04» S'pora Sac Fund a7s 0 80 S'pcr* In'ml Fund 080 085 S'porn Eqioty Fund 0.53 0.57 Asia Unhfc Trust Mai bMwi Fund 153 143* Mai ftoj Fund
        248 words
      • 60 16 BUKIT KATIL RUBBER EST BHD: EQM at the Registered omcrn. No. 22, Jalan Hang Jetoat, ***** Malaka, today at 11.00 am. HWA HOMO CORPORATION LIMITED: 36th AGM at 60A Martin Road #02-03b, Singapore Warehouse Building. Singapore 0923. today at 10.30 am. UNITED ENGINEERS LTD: 75th AGM at UE
        60 words
      • 3235 16 Gr's Gr's If N9 Tel Last Vol Day Last Quote Dlv Dlv Y'ld Net M Cap High Low Code Company Sale -N*(•000) High Low Buyer Seller C'vr PI E $mH MAY 29 DAILY SE30AQ 168 120 t 4000 Amtek Eng 20* 146 -2 301 146 146 146
        3,235 words
  • Page 15 Advertisements
    • 94 15 SINGAPORE'S PREMIER WATCH ROUTIQUE Robt. Jones (Singapore) Pte. Ltd. (Guaranteed by Robt. Jones Investments Limited) *****0,000,000 Syndicated Cash Advance Letter of Credit Facility LV- |:frm ABN Australia Limited Lead Manager Algemene Bank Nederland N.V., Singapore Branch Manager Facility Agent PROVIDED BY: Algemene Bank Nederland N.V., Singapore Branch Allied Irish Banks
      94 words
  • Page 15 Miscellaneous
    • 30 15 rW4 4rP/ r f*rr?ri&£ cw rue dzwreA*'/, 4otft/£<s 'hz tv/rvocr /r ws'o etWA/W6r o£~tfa*/£47; SS£V£je. //4/&14. V/&ATO MW, /&fr/r<7i#r j b/44r# a* 77/U& 7 m% $Wficwr 77//MZ>.. by Martell <f>MScO/
      30 words


  • SHIPPING TIMES
    • PORTSIDES
      • 189 17 Lloyd's List MITSUI OSK is redesigning a passenger ship currently under construction because of changes in the cruise market. The new ship the Fuji Maru No 2 will only have twin-berth cabins unlike her sistership, Fuji Maru, which has just 10 two-berth rooms out of her
        Lloyd's List  -  189 words
      • 102 17 IRAN has rejected as unacceptable a suggestion from Japan's Mitsui and Co Ltd that work on a partially-completed joint petrochemical project cannot be completed, the Iranian news agency IRNA said. IRNA, in a report monitored in Nicosia, said Iran's National Petrochemical Industries Company (INPIC) had rejected
        102 words
      • 84 17 SIX BODIES believed to be among 40 Indonesian illegal workers whose boat capsized in the Straits of Malacca have been recovered, officials said. Captain Jaafar Lamri, chief of the Maritime Search and Rescue Coordination Centre, said five of the bodies found floating off the coast were men
        84 words
      • 90 17 AP A FREIGHT train carrying fruit from California slammed into about 30 parked railroad cars, killing the brakeman and the conductor and injuring two other workers aboard. One of the parked rail cars was thrown into a 110-car coal train traveling in the opposite
        AP  -  90 words
    • 191 17 A DELEGATION from the Municipality of Rotterdam will be in Singapore this week to give a presentation on the proposed Singapore Trade and Distribution Centre. This centre, to be established in Rotterdam, will assist small and medium-sized Singapore companies aiming to trade with the European
      191 words
    • 840 17 ABC ContoinerUne XI 5 Accord Shpg vm 3/4 A/row Unas u 5 ANl m 1/2 APC I in* VII 5 ATI V 3-5 ASCI V 1 Austroiao line VII 1 Bolt-Conodo line IX 4/5 Bob-Orient Line IX 4/5 Boltic Orient Shpg XI 4 a 1—t _-t. f
      840 words
    • 175 17 Seatrade Week EVERGREEN is now negotiating to build 20 GU-class 4.000 TEU vessels at Onomichi Zosen in Japan. Specifications for the 23-knot vessels have been finalised, but construction difficulties could push the final cost considerably above the original price and delay completion of the
      Seatrade Week  -  175 words
    • 134 17  -  IV/1 I By Richard Ng THE Port Authority of Thailand is buying three more gantry cranes to meet traffic demands at the Bangkok Port. The governmentowned agency plans to pay 225 million baht for the cranes but has not decided which company to buy
      134 words
    • 199 17 AFP HALF of Japan s six major shipping companies suffered deficits due to the protracted recession in the business year which ended on March 31, financial results showed. Nippon Yusen Kaisha (NYK) said that its net profits soared 62.3 per cent over
      AFP  -  199 words
    • 661 17  -  By LINDA CHEE SINGAPORE has the capacity to supply some 15 million tons ot bunkers a year, believes an international bunkering expert, if loading facilities can be improved. Mr Neil Cockett, managing director of Cockett Marine Oil Limited (CMOL), feels
      661 words
    • 598 17  -  By VONNIE BISHOP, Writing for BT from Hongkong HONGKONG'S Kwai Chung container port is to gain another 210,000 square metres of container freight station (CFS) facilities. Asia Terminals Ltd (ATL), which built the first such complex at the port,
      598 words
    • 1437 18 The managing director of Cockett Marine Oil Limited, Mr Neil M Cockett, was recently in Singapore to conduct a course on the Economics and Operations of Bunkering, r organised by the College of Petroleum Studies, Oxford. In his introduction to the course,
      Source: Cockett Marine Oil Limited; Source: Cockett Marine Oil Ltd  -  1,437 words
    • 2307 18 Who acts for whom A —B AS Shipping Bouatoad Shpg Agencies (8). ABBS Line SMS Pto LM (SyTunes Sella (PK/KL). ABC Containertlne NV Fargo Shpg Co (8). Accord Shpg Accord Shpg (SVAccord Container Une (PK/PN) Ahranktoi Uner Kim Shpg (8). Alfred C Toeptsr Ocean us Shipping Agency (SyMuMport Sdn Bhd
      2,307 words
    • 223 18 Reuter THE INDONESIAN government has for the first time issued licences to companies allowing them to search Indonesia's vast tropical waters for sunken treasure. Sudomo, Indonesian Coordinating Minister of General Policy and Security, said the government had awarded two-year contracts to three
      Reuter  -  223 words
    • 325 18 AFP THE WEEK on the tanker market began with "a startling number of orders", mainly for large vessels loading in the Middle East Gulf, London brokers, E A Gibson, said in their latest report. Although demand subsequently slowed down, the overall order book remained "quite healthy". About 20
      AFP  -  325 words
    • 222 19 Lloyd's List THE Philippines has won its fight to stay off the formal blacklist of flags of convenience (FoC) of the International Transport Workers Federation (ITF), but much of its registered tonnage will face a boycott. However, there was no such compromise for the newly-created
      Lloyd's List  -  222 words
    • 879 19 THE DRY cargo freight market on Friday saw a forward grain cargo covered on the key US Gulf to Japan heavy grain route at a fairly steady rate despite another decline in prompt values indicated by the Baltic Freight Index (BFI). A July 1-15 loader was fixed at
      879 words
    • 668 26 AT CONVENTIONAL WHARVES VmmI Voy No B«rth Arrival D«partu< KEPPEL WHARVES Bongkok Nov* 7WB K29 olongsid* 206/2300 J*nson Kola 8*rani I4/89E KX olongttd* X OV 0400 E-7V2 U2 otongud* 31.0V 2300 ICola Ekspr*i E7T3 K3I otongsKto 290V 1700 Monoio*v*r*t 9lf K19 olongsid* XOV 2300 •aioh (root* I3E
      668 words
    • 5464 26 mnm N Oalft. ScanOutcht. May 29. Evar Glowing, Evargraan. May 30. An Ha. China Ocaan Shpg. May 31. Tolaga Bay. Triot. Juna I(PKVKaga. Triot. Juna 1. Arthur M. Maarak Una, Juna 1. Villa da Pluton. CM O'AJtratamant. Juna 1. Ming Moon. Yang
      5,464 words
    • 743 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy data/tlma cargo achadula Location N Ruby 4W 30.0589 1400 fV MAJ730-30/0800 cs 30/0700-*****0 E5 Moanoai Br SB 30.0589 1600 f07 30/0730-30*0800 Q4 Sunk 66N X 05.89 1600 F05 30/0700-30/0800 Eogto Sun 0I3N 3005.89
      743 words
    • 288 28 A PORT and dockworkers strike which paralysed operations at all Indian ports just a month ago may once again rear its ugly head. Talks between union leaders and officials of the Indian Ministry of Surface Transport broke down last week. The employees federation
      288 words
  • Page 17 Advertisements
    • 18 17 'The Illustrated Encyclopedia of Wildlife" Fortnightly at all good bookshops and news-stands. A y c fW STP Distributors
      18 words
    • 19 17 ,x Lines and services represented by Members of the Registry of Accredited A Shipping Agents. Singapore National Shipping Association.
      19 words
    • 228 17 Coming to grips with fuol coots, PAGE II Ffl in someone overseas about Sbigapore. rt \fl The Straits Times L Weekly Overseas 1 Edition. It's the weekly Jl newspaper, printed on light Country: weight paper in convenient I (K atudsnt. pease swe taoiry or courw tabloid size. I T T<to/
      228 words
    • 187 17 A lively flß&sSway wit! ions way with words AvmMmbto at af good bookthopa INSIDE Bunkering industry IN THE past, the shipping industry has bean lucky enough to have as its main fuel requirement, the cheap and plentiful refining residue, namely fuel oil. This is changing. There is less fuel oil
      187 words


  • Page 19 Advertisements
    • 1002 19 Ut'dicofft I K* CAiolify lrd ne JARDINE MNPMN AGENCIES no Cantonment "oad #12 OS SoulHpowi. Swi«ap»a 0701 r«t moil mix mo us Mm rtmiNAi/cts r«i UQO9H no BOOKINGS T«4 J2002J4 PtSAKA JAROINE SMIffINC AGENCIES SON. MO fORT KEIAM Til **4111 Tdti No MAMV/MAB/Ot PENANG Til *****4 Till* NO MA4OB/3 CIS
      1,002 words
    • 985 19 MAERSK LINE "Port 'Penang Kelang DESTINATIONS 13/6 14* 20/6 21* 27/6 26/6 4/7 5n 11/7 12/7 W7 I#/7 25/7 26/7 This week Malta M Closing Tima CV 6/6 0400 MBS CFS S/8 1800 HRS 1/6 2/6 6/6 9/6 15/6 16/6 22* 23/6 29'6 30/6 6/7 7/7 13/7 14/7 20/7 21/7
      985 words

  • Page 20 Advertisements
    • 434 20 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT TOLAGA BAY KAQA HEIOELBERG EXPRESS HARTFOHO EXPRESS ALASKA MARU MONTE ROSA LARGS BAY CITT Of EDINBURG ROTTERDAM/ ANTWERP LE HAVRE 27/6 ALSO ACCEPTING CAR6O TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN, COPENHAGEN, AARHUS, GOTHENBURG MALMO HELSINKI OSLO AMSTEROAM, CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT
      434 words
    • 503 20 COLUMBUS LINE REEDERE! GMBH A SERVICE Of HAMBORG-SLD E».P*£sS 3£MKO#rA>£fl SEfIVKE S PORE ROM/A DAM HBG HULL (U.K.) Hn }}2 W W S 2 1W 12/J Ufl n/ 5 !Z1 WrjW JU.. t j.iitt TTT -SOUTH P SPORE COLUMBUS NIUGINI V*S In Port Port Moresby, Lae, Rabaul TAYBANK VIOS 12/6
      503 words
    • 898 20 ii ri■ I i 'fi L -SIS TO EUROPE REGULAR INDEPENDENT FULL CONTAINER SERVICE NORASIA PRINCESS 1911-3 NORTH SEA 912-W NORASIA SINGA 8913 3 NORASIA AL-MUNTAZAH 8914-3 (VIA FEEOCP) PKL 2/6 15/6 m 29fi Inl^rv^KSn t0 U K D tlnJ,,onv Scand uv,an Copenhagen, Gothei*ur,) and other European Inland points. Bremen
      898 words

  • Page 21 Advertisements
    • 1253 21 Steamers Maritime Holdings Ltd Containers AINER SERVICE TO UK CONTINENT ICONTAiNERSHIP SERVICE EROM UK CONTINENT ALASKA MAftU BREMEN EXPRESS* LARGS BAY lONOON EXPRESS HAMBURG EXPRESS* BONN EXPRESS LA SEINE* BENALOER H'burg B'haven R*<tom SmM Sntod Sailed SmM Sailed Sailed SmM Saitod Salad Sailed Sailed Sailed Sailed Sailed SmM SmM SmM
      1,253 words
    • 1054 21 lITaXHO YANG LINE WEEKLY EXPRESS INOEPENOENY EAR EASY/EUROPE FULLY CONTAINERISED SERVICE HANJIN TONGHAE 06IW Hji m HANJIN ROTTERDAM MOW l(K ffil CHOYANC CHANCE 042*1 V$ S/7 6/7 7/7 HANJIN MASAN 049W 12/7 13/7 14/7 Alto accapting for Inland UK dtstmattom Antwerp and Scandanavian ports. HANJIN HASAN 04SE HANJIN LEHAVRE 001E
      1,054 words
    • 112 21 SRI LIKU 11/89 MIRI/K. BELAIT 6/6 7/1 Raccivini cargo at ID (PSA Marina Wharf) from Monday to Saturday (MARINA WHARF OFFICE TEL *****31) EURO BOX LINE 1 EXPRESS CONTR SVC TO CANARY ISLES, PORTUGAL, W. MED ACCEPTING FCt ft LCI TO ALL DESTINATIONS LOADING CONNECTING IfSL/VOY DESTINATION/ETA 30/06 USOOA 111
      112 words
    • 380 21 Sun Hup Co (Pte) L TEL *****06 (20 Lliet) TLX RS22O6 1 RS2CW fc. K,\STKK\ < \i I•TRAITS/ JAPAN/ STRAITS »IKE SPECIALIST IN RO-R0 HEAVY LIFI VESSEL seki crvi u»*. VOY NO. 72 S'pore 7/6 P. Kelang 10/6 Penang Hong Kong Yokohama 5/7 Nagoya 30/6 Osaka Senboku Moji Funabashi 4/7
      380 words

  • Page 22 Advertisements
    • 556 22 mSINOSE MARITIME PTE LTD ISLAMIC RIPIIBLIC OF IRAN SHIPPING LINKS Singapore Loading for:IRAN BAYAN PJL7OQ In Port BANDAR ABBAS KYOWA LINE ??rTTT?uT?PTT?!T? MOTHER VSL KYOWA VIOLET V.25 2/6 GUAM. SAIPAN. HRA, VILA KYOWA HIBISCUS V.37 Hli GUAM. SAIPAN. HRA. VILA LOAD FOR GUAM, SAIPAN GUAM, SAIPAN OCEANIA EXPRESS V-31 OCEANIA
      556 words
    • 591 22 CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL KUANTAN S'PORE LOADING FOR HANJIN DAMMAN V4S Sid In Pt DUBAI. DAMMAN TO USA PACIFIC SOUTH WEST riEOCR vu CHOYANG CHANCE Mil HANJIN HASAN MK HANJIN U HARVE «E NB. Tlt AT PUSAN M UK MAUL am H KUNSAN M VI H SOUL OMC
      591 words
    • 198 22 INTEROCEAN UNE 71, 2nd Floor, Jolon 2/71, Toman Tun Or. tomoM, MOM KL. To 4: 71*734, ******4, ***** M TLX. NO. MA-37MS FAX: 03-*****11 Ponong Oft To*: 3M427. 3M402 ACCEPTING CARGOES FOR THE FOLLOWING PORTS GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN UNE REGULAR L*ER SERVCES (FORMGHTIY SAftJNG) HONG KONG
      198 words
    • 1088 22 aanahfli EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FFI EVE* GRAND EVU GREET EVER GOLDEN EVER GLOBE EVER GENIUS ALSO ACCEPTING CARGO TO: TTO BAL LNV AM) u STSIWTM: EMMST* ,0$T0 JACKSONVILLE. 0 ATLANTA. CHICAGO, OCTROIT. COLUMN.iS > OTHER lAMR MCROSRIOGE DESTINATIONS .Round-Tjie WoHd West Bound tFE/EURO/USEC/CARIB/™ EVER GLOWING In Pt W a«
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  • Page 23 Advertisements
    • 624 23 63 JgV PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES FAR EAST GOWA HAI OUANG MAJAPAHfT 41SB SLD 11 SB M [JAKARTA SEA HAWK MA HAWK MAJAPAMIT ACCEPTING MURUR AN/TOMAKOM AI/HITACM CARGO VIA HKQ SURABAYA/SEMARANG BELAWAN/STRAITS BANGKOK XINGANG HKG XM M IS/B a/7
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    • 74 23 THONG SOON Vi i.k'i SINGAPORE TO WEST MALAYSIA KIM SOON LI SINGAPORE TO SARAWAK KUCHING KUCHING FULL CONTAINER SERVICES SINGAPORE TO SARAWAK CONTAINER SERVICES THONG SOON LINES PTE. LTD. #09-07, ROBINA HOUSE S'olo6 ITS AN HONOUR TO SERVE YOU PLEASE CALL: *****88 FAX NO: *****41 THONG LEE EXPRESS SHIPPING IS)
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    • 434 23 BEN USE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT hp w m M IWwMn In H U«Ulbn. 1M un ■ant* Raw IS* OH IM City of E4intur|ft 22/1 London E,r«. 2H M u>>«i i 2M ■on. CifrM. v; ;/7 ®n 1/7 U/7 i«7 EXPRESS CONTAINER SERVICE tROM UK/CONTINENT ALL VESSELS ACCEPT
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    • 448 23 iraje iv M DJASAGETRI A Joint Eur op* Sorvic® Of: P.T. OJMUMTA LL9YB P.T. BESiH LLOYD p.t. mmm mmwu* p.t. tmkora lloyi EXPRESS SEMI CONTAINERS NIP SERVICES SINGAPORE TO EUROPE VSI/VOY S. PANJANG/22 WB KUTAI/17WB ANTWERP H'BURG/ R DAM/ADAM BREMEN 13(7 16/7 */7 31/7 Vrtfact to InduoMTMnt Also icoptlna cargo
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    • 379 23 I ifcLMMJ BOUSTEAD SHIPPING AGENCIES PAGAN VI4IW LOl KAN VI«N HTONEYWA V24MT M AN vim SJTTWAY V4OW MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon Spore P.Kelang Pwung Bangkok *u »ft Jun lli Jun 7/10 ion tp Jun THE BANK LINE IVY BANK V24N TAUSALA SAMOA VISN CLYDEBANK
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  • Page 24 Advertisements
    • 810 24 Kline KAWASAKI KIShN KAISIIA. LTD. ■All tXPORr 6ocl freedom tOCL FAITH OOCL FRIENDSHIP HEPTUNE JADE 9 VIA FEEDER OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP ■EPTUNEJADE 1 VIA FEEDER Seeder vessel OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP NEPTUNE JADE N. AMERICA PACIFIC SOUTH-WEST) VOY *INDO *PK/PNG SGP 25 29 S 14
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    • 616 24 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Contain*™ n Ml, a May Fram'tMb.SydivAdll *JM Jon. Fram/tMb/Sydn/Adal 1» July nMy Fran/IMb^fdß/AM 1» A||( 16 Am F r«m/tMb/SfoivA<M Stpl I S«et FraMMb/Spta/AM uroiEMsramwii; 1 nn.'Uri JALATAPt V.C3H HAL I OAS V.42H TULSIDAS V.4IH KALIOAS V 43H TULIOAS ¥42H KALIOAS YOU Cflrnmencing May 1989
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    • 390 24 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD Tfc' Tr s -i a. tm amt stmt UNCAPORf 01* TEL SKM (1« LINES) Fac SMSM STRAITS PERSIAN GULF SERVICE: Soar* P. Um Pmmm QOLOCH HARVEST CctomboflUradM/pNtai Uhm, GOLDEN VONOER CDtontayKmcMM* 11/9 ium CHINA SERVICE Ml TUN MAN Fudmt/Sft«#«i 2YH Mm una a—m
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    • 505 24 IPC1 P C PHILI-ORIENT LINES PTE LTD HEAD OTFICE b3 ROBINSON ROAD .•••07-12 AFRO ASIA BUILDING SINGAPORE 0106 TELEX RS 28/20 PHILI FA* *****76 BKI/m BUT Ftt ft LCL B»g ETA SINGAPORE ifl >ll'i Jfj'n Eza ■OMBASA. DARESSALAM ASSAB, •EIRA, TAHATAVE, P. SUDAN. REUNION, TAMCA P. SUB ABIOJAN, 00ULA, DAKAR.
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  • Page 25 Advertisements
    • 848 25 Agents S pore NEPTUNE AGENCES PTE. LTD. Qmraf Mum FE EU/AUST Smnt Mw Bcokwji Inward/ TtrmnH Enquire* FE EU/AUST TPA/SIA Outward *****22 27»b 27«5753 *****42 *****44 *****19 27*116 *****11 *****41 (CR NO. **********0K) EXPORT IMPORT Km .-in ?»)J^Bi»L€a~r,W-Tini UK. i JUL i roc vsl/voy Park iu 76S Perkaaa 77S Perkaaa
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    • 118 25 i-Ei JE CONTAINER LINE TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) m w as is «M W T*— r# i tttt: »|5» V 3/6 4 13* ehh TTTFTTBTfTJiITIT it ;(«hJ«! NOW LOADING JAPAN NEW ZEALAND JE CNTP LINE (PKELANG) TEL (03) 36/' 1200 1 JE
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    • 144 25 iF Specargo Forwarding (S) Rte Ltd (I'-'e-ra'O'a Frt gM Fo r *a-de s) KAOHSIUN6 KEELUNG HONG KONG MANILA BUSAN BANGKOK JAKARTA MESH ►iTi'nrt SYDNEY MELBOURNE BRISBANE EUROPE 3/6 MADRAS 5/6 5/6 I CALCUTTA 6/6 FREMANTLE 6/6 ADELAIDE 6/6 P MORESBY/LAE/RABUAL/KIETA OTHERS TEL *****55 FAI *****88 TLX RS ***** FAST DIRECT
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    • 836 25 SIMSOV 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 ***** NNH t KtLANC s co son »mo CtUtt lAYAPOM PtNANC. T«l: S22MM22*I TtMi MA ***** No 14
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  • Page 26 Advertisements
    • 439 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (34 Imes) FAX *****39/*****76 TELEX RS ***** A/B SSCMA RS ***** A/B SSCAO r DSR-LINES l VEB OEUTPRACHT SEEREEDEREI ROSTOCK I ***** INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN ft NORTH CONTINENT EUROPE OUTBOUND L THAELMANN 4/89 T. WENDA
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    • 38 26 T.S.K, line: weekly CONTAiNEAISEO SERVICE Wl T> C!XED OA/ ARRIVAL EXPORTS TO TAIWAN JAPAN IIigLSEMWCMDfrUJKiMtZIMrcTm ■tTrar^l EXPORTS TO SURABAYA TSKLINE AGENCIES (S) PTE LTD TEL: *****68 NYK AGENCIES (M) SON WD TEL: K.L. *****(6 PKL *****15 PNG *****8
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  • Page 26 Miscellaneous
    • 154 26 8 3 Regional Weather u s Jv Vt -i 3S i > SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JOAJM. May 30, 1909 C o Wind Erection with speed n knots Wove height LEGEND R Thunderstorm Temperoture c X\ Shower Weother Wind ckrection with vperd n knots Rowi W Cloudy St,
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  • Page 27 Advertisements
    • 560 27 UNIPACIFiC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 ipßj IRAQI LINE 1/ 'i• AC HTfRMiSf »o« ■iHITiKf T«»liSPo«r EAST BOUND SERVICE MV ALKINDI IBN ALROOMI ETA S PORE SM 13ft LOADING FOR Um Qsar/Basrah/Baghdad Iraq/ Japan THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA
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    • 275 27 ACCEPTING FCL AND CONVENTIONAL PEN/PKQ ETA LOADING FOR NETSANCT ft DAAESSALAAM MOMBASA OMBOOTI VOY 15WB ASSAB MASSAWA. HOOEIOAH ABBAY WOHZ 10/7 DAHESSALAAM. MOMBASA. CXJIBOOTI VOY 20W8 ASSAB MASSAWA. HOOEIDAH Other ports along the route workable on inducement. KIEN HUNG LINE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO SOUTH AFRICA DURBAN/JOHANNESBURG ACCEPTING
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    • 646 27 SIGMA EXPRESS (S) PTE LTD TEL *****44 FAX *****75 CRYSTAL FREIGHT SERVICES PTE LTD Tic ***** mm FAX: 8417 M HONGKONG/ CHINA BANGKOK P. KELANG/PENANG BUS AN KEELUNG/KAOHSIUNG MANILA TOKYO/YOKOHAMA JAKARTA SYDNEY/MELBOURNE FREMANTLE PORT MORESBY/LAE COLOMBO LOS ANGELES/INLAND PORT AUCKLAND ROTTERDAM/ANTWERP HAMBURG FELIXSTOWE/LONDON 2/6 A 5/6 6/6 A 7/6 3/6
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    • 149 27 Hamburg West Germany Tiger Lii MB Sjlj MAA CAi SUSA* KN In Pt 11/S TWER BAY m u/i 17/1 ««AK «N 1M 2* TlCtt BAY n« 29/6 QS/7 SUSAK TOW 2/7 14/7 9/7 INDEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS SHUTTLE SINGAPORE CALCUTTA MV TIGER BAY. MV SUSAK Agents: BEN LINE
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    • 110 27 ■1 HI 'UU REGULAR EXPRESS FCL 8. LCL SERVICE DESTINATION ETA SINGAPORE r Vr' i i JARU BHUM PIYA BHUM SIRI BHUM PORT KELANG (FCL ONLY) HONG KONG LJL'A'.I'/. KEELUNG, KAOHSIUNG L'JLA'.I □33 JAKARTA (FCL ONLY) TOKYO. KOtt. BUSAN (FCL ONLY) It KARACHI. BOMBAY. COLOMBO (FCL ONLY) W ABC CONTAINERIZE
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  • Page 28 Advertisements
    • 344 28 SWISS SHIPPING PTE LTD 99 Telok BUuigah Ro*d 003 07. Telok BUn«ah Houm Singapore 04W. Tel: *****88 (8 Lines) Tlx 22T52 S3 FA Cm NO. 1176 *****00 H FAR EAST/EUROPE MONTHLY BREAK BULK SERVICE ETA SIN PKL PEN GAS4KARA 1975 10/6 13/6 17/6 ANTWERP, HAMBURG, ROTTERDAM, BREMEN TBN 15/7 U/7
      344 words
    • 177 28 ;f^ COLUMBUS LINE AUSTRALIA-F E SERVICE '\ll (WAFE) CR MO **********R VESSEL KAPITAN SILIN KAPITAN BABIYEVSKIY VESSEL KAPITAN BABIYEVSKIY KAPITAN SILIN SOUTHBOUND VOY YKH OSK HK SPORE FREM 6TON 4 31/5-2/6 3/6 8/6 13/6 20-22/6 23/6 5 18 19/6 21/6 26/6 1/7 8-10/7 11/7 NORTHBOUND VOY FREM GTON SPORE HK
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    • 460 28 FREIGHT SERVICES AUSTRALIA IMPORT/EXPORT SYDNEY MELBOURNE BRISBANE ADELAIDE 3/6 HONGKONG 2/6, 4/6, 9/6 BANGKOK 2/6 TEL: *****66 (8 lines) PT. PELAYARAN MUTIARA SAMUDRA AGUN6 SAMUDERA 102 2/6 BATAM/PERAWANG KUALA SIAK 2/6 P. BARU/PERAWANG KUALA SIAK 16/6 SAMARINDA/BALIKPAPAN 5 vessels (weekly) to P£RAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM ft SUMATRA
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    • 304 28 lire r Mitsui OS.K. Lines Ltd O V EXPORTS TO PSwV T 0 CONNECTING AT DOUBLE STACK TRAINS ETA mm ■■■3 EUC3iErJIL/-TJr3iCTir-M 3d I'll 'VI-i 'TTin FTZTTTZTTJU ad f.'n i wmn wmcmuiMUMEmum\2mcm aci I'i'ii 1 »irFT~ig7j EHfaucaninirapa 3u rrrraap aacnajaaaa i'> 1 nr n r> 1 1 [TJ OUR NEW
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