The Business Times, 4 April 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 MONDAY, APRIL 4, 1188 75 CENTS
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  • 829 1  -  Speculation over sale of Guthrie Corp stake By ALAN LEE In London PERMODALAN Nasional Berhad (PNB) the investment agency of the Malaysian Government is undertaking a massive rationalisation exercise. This will involve the sale of its controlling interest in UKlisted Guthrie Corp and the
    829 words
  • 303 1 THE GOVERNMENT is expected to issue a statement giving details on the latest move by the US to remove the duty-free benefits of some Singapore exports to the US from July 1. Because of the long Easter weekend, details have
    303 words
  • 148 1 UPI THE PHILIPPINE military said yesterday that it was investigating alleged "foreign" assistance in the escape from prison of coup leader Lt Col Gregorio Gringo' Honasan as the nationwide manhunt for the fugitive intensified. The announcement, made by Defence Secretary Fidel Ramos, came
    UPI  -  148 words
  • 139 1 PRELIMINARY indications are that the Singapore economy turned in a "good" performance in the just-ended first quarter, said Trade and Industry Minister Brigadier-General (Reservist) Lee Hsien Loong yesterday. The economy's first-quarter performance is of particular importance because it will determine whether CPF contribution rates
    139 words
  • 100 1 Reuter SAUOI Oil Minister Hisham Nazer left yesterday for the US. Britain and Mexico to discuss cooperation with the non-Opec producers. The official Saudi Press Agency said in Riyadh yesterday that Mr Nazer would go on to Vienna, headquarters of the Organisation of Petroleum Exporting
    Reuter  -  100 words
  • 508 1 NST MALAYSIA may import fish from Sri Lanka, Singapore and Indonesia if suppliers from Thailand refuse to use plastic in place of wooden crates. Wooden crates have created problems of national security for Malaysia because
    NST  -  508 words
  • 642 1  -  By LOH HUI YIN THE PACE towards transforming the government's proposal on oil futures trading into reality is accelerating. Three sub-groups, under the wing of the main committee chaired by the Monetary Authority of Singapore, will get down to work shortly to study the
    642 words
  • Page 1 Advertisements
    • 383 1 Need a car or truck loan? (A LI 737-7977 Wk\ loong Mortgage Ami Finance <S) Lid A w hoik-owned suhsiiiurv i»l HongkongH.ink 6 Claymore Hill #(11(11 lay more Pla/a Singapore (N2.2 MANAGEMENT AN AMERICAN insurance company puts applicants for sales jobs through an insurance industry competence test and a personality
      383 words
    • 310 1 Manila troops on alart, Paga 3 CHINA'S ECONOMIC REFORMS hove led to an increase in economic crime, divorce and private business disputes, burdening its court system, the nation's top judge says. ASIA-PACIFIC, Page 4 ALTHOUGH FIRST GOVERNMENT indications of US economic performance in March show a still thriving job market,
      310 words
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  • MANAGEMENT
    • 1386 2  -  An American insurance company puts applicants for sales jobs through an insurance industry competence test and a personality test. It hired some who failed the competence test but who scored highly on optimism. It is these optimists who are the company's top
      FT  -  1,386 words
    • 818 2 NYT COST-CONSCIOUS corporations in the US that seek to induce employees to take early retirement by offering them continued health-care benefits as part of a compensation package are discovering that the health care can become expensive over time. In cases where an
      NYT  -  818 words
    • 657 2  -  By RICHARD SEAH RECORD ADMISSIONS to parttime and degrae programmes, along with an unprecedented number of short courses and seminars, brought in handsome income for the Singapore Institute of Management last year. The SlM's latest annual report showed an excess of income
      657 words
    • 650 3  -  What sort of products does the typical purchasing man go for? What does it take to make him switch brands? A recent study has uncovered the profile of the typical purchasing man in the hope that it will help marketing men in
      650 words
    • 646 3  -  Tfci column NjUJlhatbelps small t conparefryow By BOEY KIT YIN IT USED TO BE that local small businesses kept their affairs strictly internal. They avoided seeking external assistance like the plague because they feared their "trade secrets" would be stolen. Now, these
      646 words
    • 395 3 Britain's high-flying executives a who's who FT BRITAIN has a dozen executives earning more than £500,000 a year, according to a report issued recently by Charterhouse, the British merchant banking and financial services group. Mr Christopher Heath, managing director of Baring Securities. who was named highestpaid UK executive in Charterhouse's
      FT  -  395 words
  • Page 2 Advertisements
    • 54 2 FROM TODAY we are at: 10 Anson Road #03-13/26 International Plaza Singapore 0207 Telephone No.: *****88 Telex No.: RS ***** TOTOPL Fax No.: *****23 Payment of Toto, 4-0 and Singapore Sweep Prizes will be made at the new address from today onwards. s?*' A V&. Pag Ad .SWT'Wf Ms <
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    • 66 2 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sevvy's golf date every Tuesday. After
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  • Page 3 Advertisements
    • 117 3 COULD YOU SELL THIS SPACE? Business Times has a vacancy for an experienced sales person whose personality, background and experience will enable him/her to seek out and persuade advertisers whose products or services would benefit from exposure in the leading business newspaper in Singapore. The position and the remuneration will
      117 words
    • 191 3 -v< VSE ■>> sasf* 2 V- r»>« r m --w i'"-. <r. 1 m W vr-" r. V. Nf* 5? mm. w&m M •>>- v.--?'£V-at t^sse t m n A-' v. H ft v*3 ~:"V M' .1 "V '.'U m -v> %> J.--s "safe V V ka: w v*' f
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  • ASIA-PACIFIC
    • 415 4 UPI CHINA'S economic reforms have led to an increase in economic crime, divorce and private business disputes, burdening its court system, the nation's top judge says. Speaking in Beijing last Saturday, Supreme People s Court president Zheng Tianxiang told a session of the
      UPI  -  415 words
    • 508 4 UPI CONSUMERS fearful of imminent price increases are quickly buying up toilet paper and matches, leaving Beijing store shelves empty and forcing the government to consider limits on purchasing, city residents said last Saturday. The minor panic appeared caused by widespread
      UPI  -  508 words
    • 209 4 AP CHINA WOULD LIKE to reestablish good relations with India, but there are still border disputes between the two countries which must be resolved, Chinese Communist Party general secretary Zhao Ziyang said in Beijing on Saturday. Mr Zhao met the first leaders of the Communist
      AP  -  209 words
    • 248 4 UPI ILLEGAL IMMIGRANTS, flooding into Australia in response to rumours of an impending bicentennial amnesty, will cost the country an estimated US$95 million (Asl3o million) this year. Australia has become the talk of the Third World as an illegal immigrants' paradise, with an estimated
      UPI  -  248 words
    • 176 4 Bernama THE ASEAN Committee on Transportation and Communication (Cotac) is looking into the possibility of having a regional Search and Rescue (SAR) project involving all Asean member countries. Malaysian Transport Ministry Secretary-General Datuk R V Navaratnam said last Saturday that he would
      Bernama  -  176 words
    • 380 4 UPI JAPAN'S Trade Minister said in Tokyo on Saturday that certain members of the US Congress were "ignorant" and "fascist" for backing the proposed US trade bill, according to news reports "Certain members of the US Congress are ignorant of foreign diplomacy, politics,
      UPI  -  380 words
    • 233 4 AFP AMERICAN and Filipino officials launch talks on the thorny military bases question tomorrow with the two sides set for a collision amid mounting calls for the removal of the facilities. The two sides are split by a basic disagreement: Washington says
      AFP  -  233 words
    • 96 4 AP PHILIPPINE troops were on nationwide alert yesterday to capture the fugitive leader of an August coup attempt, and the military warned that extremists could try to exploit the confusion generated by his daring escape Military Chief of Staff General Renato de Villa said former Lt
      AP  -  96 words
    • 209 4 AFP SIX South Korean business leaders have visited Japan in recent months to seek Japanese cooperation in expanding South Korea's trade with China, a leading newspaper reported in Tokyo on Saturday. The Yomiuri Shimbun said the chairmen of South Korea's six top business groups
      AFP  -  209 words
    • 174 4 AFP SOUTH KOREA'S exports soared to US$l2.B billion in the first quarter of 1988, up 35 per cent on the same period in 1987, the Trade and Industry Ministry said in Seoul on Saturday. The country had a US$l.5 billion trade surplus for
      AFP  -  174 words
    • 107 4 AP AUTHORITIES in a central Vietnamese province have disciplined 27 tax officials for corruption and other violations, and are investigating 25 other cases The official Radio Hanoi said on Friday that action was taken against the officials after a March 23 inquiry by the disciplinary
      AP  -  107 words
    • 218 4 AP VIETNAM has worked out measures to increase the efficiency of economic cooperation with its main aid donor and trade partner, the Soviet Union, according to an official Vietnamese broadcast. The Voice of Vietnam radio said the ruling Communist Party's all-powerful politburo in a meeting
      AP  -  218 words
    • 212 4 AP <• f JAPANESE officials have'said they Intend to $>ntinue seeking a compromise with the US- on its demands for Jp end to Japan's import quotas «en US beef and oranges. Agricultural nister Takaahi Sate said ir»*Washington last week that
      AP  -  212 words
    • 941 4 ARRIVALS Operator Sarvlc* Local From numbor tim* SU SOU 0040 LAX/NRT LAX/SFO/ANC FT FT73 0115 MAS NtT/OSA/TPC MH601 0140 KUL PU PK766 0550 Km SU SO 401 0555 CM* SU SQ41 0610 MAA (u 14/3) SU SQ/MK45 0745 MtU SU SQ23 0755 ams/bom MAS MH640 0820 KUL
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 206 5 MIS I BOU ;hat: h I( )8 m i WW' tsr4* 1 M,, I I ir H« 4 V K£ r I) VI CH \TEA CH grand PA I [LLA U CLA APPtU LAC CONTft p ROD AUILLAC «G FRANCE 1M Some cf the workls most sought-after French labels, The
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  • REST OF THE WORLD
    • 439 6 Reuter ALTHOUGH first government indications of US economic performance in March show a still thriving job market, there were disturbing signs in the crucial manufacturing sector. The Labour Department on Friday said the US civilian unemployment rate last month fell to 5.6 per
      Reuter  -  439 words
    • 147 6 Reuter PRESIDENT Reagan urged Congress on Saturday to devote more federal funding to scientific research, including a US$4.4-bil-lion project to build the world s largest atom smasher. In his weekly radio address, delivered from his mountaintop ranch north of Santa Barbara, Mr Reagan said
      Reuter  -  147 words
    • 374 6 Reuter A DEMOCRATIC ticket headed by Michael Dukakis with Jesse Jackson as his running mate would defeat vice-president George Bush in a general election, according to a poll released on Saturday. Without Mr Jackson, a Dukak-is-Bush contest would be a toss-up, and alone Mr
      Reuter  -  374 words
    • 417 6 Reuter PRESIDENT Reagan's dream of a space-based "Star Wars" defence to protect Americans from a massive nuclear missile attack could be bleeding to death from budget cuts. Even the director of the programme. US Air Force Lieutenant General James Abrahamson, warned Congress that further reductions
      Reuter  -  417 words
    • 374 6 Reuter FORMER opposition leader Joshua Nkomo said on Saturday that implementation of an agreement to unite Zimbabwe's two major black political parties did not mean one party swallowing up the other. Closing a one-day congress of his Pf-Zapu party, which unanimously endorsed the
      Reuter  -  374 words
    • 74 6 AFP THE FRENCH balance of payments showed an estimated deficit of 1385 billion francs (US$2 46 billion) for the last quarter of 1987, and 11.17 billion francs the whole year, the Economics Ministry announced on Friday The unadjusted figures included current transactions and long-term capital movements. The
      AFP  -  74 words
    • 256 6 Reuter THE RULING Soviet politburo has placed agricultural cooperatives on an equal footing with collective and state farms in an apparent shift from decades of centralised control of farming. The Communist Party newspaper Pravda said on Friday that the decision was
      Reuter  -  256 words
    • 268 6 AP THE DENSELY settled north-east-ern United States has become the nation's least populated region, falling behind the western region for the first time, the Census Bureau reported in Washington last Thursday. The Bureau also projected that Texas will surpass New York
      AP  -  268 words
    • 142 6 AP THE Irish Republican Army is considering a permanent end to its bomb and bullet campaign against British rule in Northern Ireland. The Sunday Times said the outlawed guerilla movement is discussing not a limited cease-fire but a "once and for all renunciation"
      AP  -  142 words
    • 434 6 UPI THE SOVIET UNION has accused the United States of stalling on arms control negotiations and says there is little chance an agreement to cut nuclear weapons will be ready (or signing at the Moscow summit. Viktor Karpov, head of the
      UPI  -  434 words
    • 379 6 AFP STEPANAKERT, the main town of the disputed region of Nagorny Karabakh, was still strike-hit on Saturday with only essential services in operation, dissident journalist Sergei Grigoriants said in Moscow. Mr Grigoriants said during a news conference in his Moscow apartment
      AFP  -  379 words
    • 372 6 AFP FORMER Czechoslovak leader Alexander Dubcek, whose own "Prague Spring" liberalisation efforts were crushed by Soviet tanks in 1968, has voiced hope that Moscow's current restructuring efforts would also shape Czechoslovakia. Mr Dubcek, who was Communist Party first secretary for 15 months before he
      AFP  -  372 words
  • Page 6 Advertisements
    • 39 6 Orient Car Leasing JAPANESE CAR OF THE YEAR NISSAN PULSAR 1.3 MANUAL Va MONTHLY AT $1500 Corporate car rental at its best Call our HOTLINE now 469 1455 ORIENT CAR LEASING PTE LTD 913, Bukit Timah Road, Singapore 2158
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  • Page 6 Miscellaneous
    • 137 6 wm //S'ii Max/ Note Mln re) 23/11 Foir 13-01 Claar 17/07 Claar 23/16 Claar 37/27 Sunny una* 10/02 Cloudy 20/14 Sunny 15/05 Cloudy 10/04 Rain 23/18 Cloudy 11 -05 Foir 26/20 Shown-j 13-01 Cloudy 20/08 Cloudy 26/12 Claar 17/01 Cloudy 21/13 Showars 28/17 Claar 12-01 Rain 07/03 Rain 32/26 Fair
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    • 62 6 Doonesbury COMAHPAME LB9STHAN-ZBFO TAKES EARLY RETIREMENT. kIL-iilm'i. Mi v. r> i.v* j v afzny^sfSfvi 55 RRl'zyi SlMZiar?' Y r :irwo W r.j:m i 3 \j m <*■& s^nfe V BY GARRY TRUDEAU U/HYIS HB RETIRING WEIL, BECAUSE HE... UM...HE...6OELL, IT'S HARP TO SAY, REALLY. HB'S...UH. X? m OH, HELL, CARLOS,
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  • COMMODITIES
    • 385 7 Reuter A MAJOR ROW has erupted over the future development of Norway's North Sea oil fields and thrown long-established domestic oil policy into confusion amid tumbling world oil prices. Norsk Hydro A/S the country s biggest diversified corporation and Saga Petroleum
      Reuter  -  385 words
    • 74 7 UPI US HOUSE and Senate negotiators working on a sweeping trade reform bill agreed in Washington last Thursday to limit the export of refined petroleum products from new Alaskan refineries. Exports will be limited to 50 per cent of total production from refineries built after
      UPI  -  74 words
    • 98 7 Reuter BRITISH STEEL Corporation (BSC) will almost certainly impose an alloy surcharge on UK and European stainless steel sales from July 1. owing to the recent surge in the price of component metals, a BSC spokesman said. The steep nickel price rise is forcing
      Reuter  -  98 words
    • 147 7 Bernama ES PRICES on the Malaysian rubber market rose further last week with April International RSS One closed two cents up to 290 cents a kg. Dealers said the market held steady on Monday and Tuesday as the Inro Buffer Stock Manager (BSM) failed to conclude any sales following
      Bernama ES  -  147 words
    • 142 7 Bernama ES THE KLTM saw another week of quiet trading last week with the metal closing two cents lower to M 517.35 a kg. Total offerings for the week amounted to 214 tonnes as against 223 the previously. The week started with the price slipping nine cents on
      Bernama ES  -  142 words
    • 211 7 Bernama ES PRICES on crude palm oil futures fluctuated on the Kuala Lumpur Commodity Exchange to close steadier last week. Spot month April finished Ms3B higher to MS94O per tonne while May firmed Ms 47 to Ms94o. Uncertainties on the oversea s demand contributed to the price fluctuation,
      Bernama ES  -  211 words
    • 169 7 Chinese Produce Exchange Sellers' noon closing prices on April 2 tSS/100 kg) Coconut oil Bulk FOB 103.00 OW drum FOB 1 17.00 New drum FOB 113.00 Copra Mixed (loose) 59 sellers Pepper Muntofc white FOB NIW 1120.00 Sarawak white FOB faq NLW 1105.00 Sarawak special block FOB NLW
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    • 119 7 Reuter INDIAN TEA EXPORTS are likely to fall substantially by the year 2000 if rising domestic demand and prices are not offset by government policy decisions, a study by the Indian Tea Association (ITA) said. Based on current levels, India s production is expected
      Reuter  -  119 words
    • 66 7 Bernama ES THE EXPORT DUTY on white and black pepper has been reduced while that on processed palm oil has been raised from last Friday. Export duty on unground and ground white pepper has been reduced to M 51,526.64 and M 51,676.64 a tonne. That
      Bernama ES  -  66 words
    • 1029 7 AFP COMMODITY MARKETS were much quieter over the last week, with traders reluctant to take sitions ahead of the long Easter weekend. Sterling was once again a dominant feature. The weakness in the dollar buoyed up the precious metals in thin trading. By contrast, base metals were
      AFP  -  1,029 words
  • Page 7 Advertisements
    • 293 7 ANOTHER AVIS FIRST 1 I S VW J' •v > /> •v sr. ■2rw: v: rfc „<• jfi -fc 88 «> 3? -k <0 3S e> sa <C> 5^ -v£ V < X.V > 1 /r> IS *'"%> ?r;\ v > V*" <1 XI <? > The Avis car rental
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  • MONEY AND EXCHANGES
    • 790 8  -  From FLORENCE CHONG in Sydney AFTER TWO YEARS in Australia, the Hongkongßank is to close two branch offices and plans to reduce its client base drastically after a major review of its operations. It was the first of the 15 foreign banks to
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    • 128 8 AP SWITZERLAND has displaced West Germany as the world's second most creditworthy nation behind Japan, a new survey of international bankers reveals. In a survey of 112 nations, the American financial magazine Institutional Investor finds that the average country's credit rating in March dropped
      AP  -  128 words
    • 65 8 Bernama PHILIPPINE commercial banks reported a 1.9-per-cent combined growth in total assets for February 1988, latest figures released by the Central Bank show. The total asset increase of 4.7 billion pesos brought to 255.7 billion pesos the aggregate resources net of all allowances for
      Bernama  -  65 words
    • 814 8 ASIAN CURRENCIES settled mostly higher last week in holiday-shortened trading dominated by a rebound in the Japanese yen to its highest level in almost three months. The New Zealand, Singapore. South Korean and Thai currencies also rose. The Hongkong and Malaysian units fell, however, and the Indonesian, Philippine,
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    • 253 8 ASIAN CURRENCY average deposit rates for the week ended March 31 BID PRICES High Low US S 7 doy» 6 13/16 6 5/8 1 month 6 3/4 6 11/16 2 months 6 3/4 6 3/4 3 months 6 13/16 6 3/4 6 months 7 1/16 6 15/16
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    • 143 8 Bernama THE INTERNATIONAL Monetary Fund has pressed the Philippine government to impose stronger adjustment measures to prevent cash flow problems in the short and medium terms starting this year, official sources said on Saturday. The proposal was made by an IMF mission which
      Bernama  -  143 words
    • 248 8 NDC Merchant Bank Ltd FIVE-YEAR Singapore Government bonds rallied to a record highs with continued bullish sentiments to hold securities as riding the yield curve versus placements of deposits remain attractive. The March 1993 5-year bond gained 15 points from its opening to touch $100.80-85 but succumbed
      NDC Merchant Bank Ltd  -  248 words
    • 173 8 NYT THE REAGAN Administration said last Thursday that it was working on a plan to divert Panamanian tax payments by American companies to a fund outside the control of General Manuel Antonio Noriega. President Reagan's spokesman. Marlin Fitzwater, said the plan was
      NYT  -  173 words
    • 289 8 Reuter THE POUND STERLING'S surge to a 20-month high last Thursday after Chancellor of the Exchequer Nigel Lawson on Wednesday echoed Prime Minister Margaret Thatcher's tough antiinflation views poses the government a fresh dilemma over managing the economy, economists say. "Lawson was
      Reuter  -  289 words
    • 268 8  -  By ALVIN TAY Banking Correspondent THE UNITED Overseas Bank group will launch its factoring facility tomorrow, thus increasing the range of credit services available to its customers. The new facility also reflects an attempt by the group to take full advantage of its huge customer base
      268 words
    • 152 8 Reuter THE FEDERAL RESERVE may have left last week's policy meeting with its current credit stance unchanged, but economists said they will watch to see if signs of a tighter monetary policy emerge. The Fed's decision last Thursday to opt for only a
      Reuter  -  152 words
    • 242 8 AP YUGOSLAVIA and the International Monetary Fund have reached an accord on a draft standby agreement that calls for more intensive monitoring of the country's overall economic performance, vicepremier Janez Zemljaric said in Belgrade last Thursday. He said the accord calling for a one-year standby
      AP  -  242 words
    • 337 8 Sin Host Bullion (S) Pte Ltd LAST THURSDAY, spot gold traded as high as US$459 70 per troy 02 before easing off to close at U*****.40, up a mere US$l.lO from the previous week. This is the smallest net weekly gain the metal has registered since it began its
      Sin Host Bullion (S) Pte Ltd  -  337 words
    • 486 8 PL* of banks at ftw dot* of business on Thursday, March 31, as supplied by the Associ- ation of Banks in Singapore. Indicates the average of the prime lending rates of 12 major banks in S'pore BANK put Algemene Rook 6% Allied Irish Bank PLC 6 Americon
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  • Page 8 Advertisements
    • 47 8 A MONTHLY JOURNAL OF BUSINESS TRENDS A tale of three arts festivals The National Museum shows ibagt Impact of stock market crash Transnational chiefs MNC dream Property: "Towers of Babel" revived Investment spotlight: General Lumber and Pedis Plantations APRIL 1988 NOW AT NEWSSTANDS A Times Periodicals publication
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    • 2 8 IB BANQUEINDOSUEZ
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  • BANKING AND FINANCE
    • 731 9  -  tfcmaa mm. by PAUL FRANKLAND "THANK GOODNESS we were insured!" This is a common refrain amongst companies that have suffered a financial disaster through fire, theft or accidental damage. But in some instances insurance may not fully compensate for the trauma and inconvenience
      731 words
    • 645 9  -  By ALVIN TAY Banking Correspondent THE OVERSEA-CHINESE Banking Corporation group is now prepared to offer housing loans at the full purchase price of the property without even calling for a valuation report The bank s revised package applies only to residential properties which
      645 words
    • 166 9 THE SINGAPORE branch of Citibank has modified its "cash giveaway" promotional package to benefit prospective home buyers who have yet to decide on the property they would like to buy. The American bank said these prospective buyers can now "reserve their hongbaos"
      166 words
    • 156 9 AFP WORLD BANK chairman Barber Conable announced in Tokyo last Friday the opening of a Tokyo office of the International Finance Corporation to encourage Japan's private sector to increase direct investment in developing countries The IFC is a World Bank subsidiary specialising in financial support
      AFP  -  156 words
    • 125 9 Reuter NEW ZEALAND'S financial year ended last Thursday with the government receiving vast sums of money that will be used to pay off some of the nation s crippling debts Just how much it received was not immediately announced, although the
      Reuter  -  125 words
  • Page 9 Advertisements
    • 136 9 AND £lt> YOU WW W -ii| SAVIOUR (NIC W6 JUe>T£AYE> DOWNHILL LTD P3OW THE" LIQUIPATCeS? Mr *3 Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools
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    • 132 9 Bangkok with Thai Morningv3go\ Jkr. gay \oo* msm* n m v sC* y *v 3- I I 4 Wi —r. •7" .l£vU 'A* > >* i XiNr Night S3 As you can see, our daily flights to Bangkok are as regular as your three main daily meals. X As perfectly
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  • PERSPECTIVE
    • 906 10  -  Foreign businesses are quick to capitalise on Japan's progress in the technological and other fields. Some choose to do so in rather dubious ways. STEVE LOHR examines the case of a London company which tried to get away with using a Japanese-sounding brand name.
      NYT  -  906 words
    • 730 10 Lusinchi will be the first official visitor to be received by Emperor Hirohito since last year and the first Venezuelan president to visit Japan AFP THE Venezuelan government is travelling lock, stock and barrel to Tokyo today with the aim of
      AFP  -  730 words
    • 683 10 AFP THE Japanese nickname for the ancient Shogun (or warlord administration) was "bakufu" (or "tent government"), a term used to contrast the camps of military chiefs against the gracious imperial palace at Kyoto. Hardly a warlord, Japanese Prime Minister Noboru
      AFP  -  683 words
  • Page 10 Advertisements
    • 78 10 IY\ o V£? I o The sales division of Business Times is now located at: Times Industrial Building, Level 2, 422 Thomson Road, Singapore 1129. Tel: 255-0011, Fax: 253-2821, Telex: RS ***** BTAD. Contact persons are: Kenneth Teo, ext.257 Joe Heng, ext.237 Iris Lim, ext.23B Lee Huang, ext.239 Chia Ah
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  • Page 10 Miscellaneous
    • 668 10 mm&tm mmmm CRYPTIC PUZZLE ACROSS 1 Colour of fatherly character (5) 6 A good deal of spectacle (5) 9 More than eight mountains (7) 10 Bitter about the car crash I had? (5) 11 Seek to emulate a figure in a rail wreck (5) 12 He may be snide (5)
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  • THE ARTS
    • 533 11  -  SHAUN KOH QUALITY IS BETTER than quantity, so the saying goes. Fortunately, members of the Helsinki Academic Male Choir (Kauppakorkearoulun Ylioppilaskunnan Laulajat) that performed at the DBS Auditorium last Saturday, under the direction of Heikki Saari, agreed with the adage. I'm referring
      533 words
    • 854 11  -  By SHAUN KOH IT HAS ALL the makings of a spectacular event: the Singapore Symphony Orchestra and a combined chorus of over 1,000 voices from The Sydney Philharmonic Choir, The Singapore Symphony Chorus and The Scandinavian Festival Choir performing Handel's oratorio Messiah at the National
      854 words
    • 662 11  - Places in the heart pages from a canvas diary By CHARLES SAVAGE THEODORA PLAS paints the landscape o. her heart. Her visions, which she presents in more or less geometrical shapes, are the stuff of emotions and feelings. They are so personal that they seem like pages from a diary.
      662 words
  • Page 11 Miscellaneous
    • 1244 11 to tic© Qaaos) PM Opening and Programme Highlights followed by Call Me Mliter Tour De Force. Adam Smith's Money World. 25th Anniversary Special I Fonteyn And Nureyev: The Perfect Partnership (See highlights). 25th Anniversary Special II Man And Music: Classical Vienna Musk Of An Empire. Presented by Bamber Gascoigne, this
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    • 31 11 Rrii llr Di/iVak/ B(?istou> come LOOK fYTTWS I u> Heße T H D£v/L— J 'T US£_D TO &e BN OLD STo^e F\ DRfttoef? not to e>e 1 o?enec> UNT\L qth oex^macß
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  • SPORTS & LEISURE
    • 444 12  -  By CHARLES SAVAGE BOWLERS, from juniors to grandparents, will be able to get free coaching at Marina Superbowl when it opens for business this September. The lessons are free because six champion bowlers have signed up to coach for a year without charging for their
      444 words
    • 291 12 Reuter BRAZIL'S Ayrton Senna, in his debut for McLaren, took pole position on Saturday for the Brazilian Grand Prix motor race in Rio de Janeiro on Sunday Senna, the quickest in Friday's first official practice, improved his lap time by almost two
      Reuter  -  291 words
    • 609 13 AP IT IS A MEASURE of their stature in golf that Seve Ballesteros and Greg Norman are considered to have failed in the last two US Masters. Didn't they let it get away, each of them in each of the last two gatherings of
      AP  -  609 words
    • 158 13 Reuter BRITON Sandy Lyle made up five shots on Saturday to take a three-stroke lead in the million-dollar Greater Greensboro Open golf tournament. Lyle. who won this event in 1986, fired a four-under-par 68 to bring his 54-hole total to a 17-under-par 199. He leads
      Reuter  -  158 words
    • 605 13  -  By WALTON MORAIS FRESH AFTER a two-hour clinic with Australian Stewart Ginn, international Kevin Lee served the right tonic for a flagging Warren challenge with the day's joint best score to keep his club in the hunt for the Premier League golf championship.
      605 words
    • 185 13 UPI WORLD cross country champion John Ngugi of Kenya lead the pack on Sunday across the finish in the Bali 10-kilometre road race in 27:28.88 with fellow countrymen sweeping three of the top four spots. First among the women was Nancy Tinari of Canada, who completed
      UPI  -  185 words
    • 477 13 UPI INDONESIAN multi-million-aire Bob Hasan doesn't drink, doesn't smokeh and only gambles once a year. His big day was Sunday, when the 51-year-oid business tycoon bet a cool US$l million that none of the 7,000 competitors running in the Bali 10-kilometre road race
      UPI  -  477 words
    • 489 13 Reuter SECOND SEED Boris Becker of West Germany served his way past top-seeded Stefan Edberg of Sweden 6-4 1-6 7-5 6-2 to win his first title at the US$5OO,OOO World Championship tennis finals on Saturday. Becker, a finalist in 1986, has
      Reuter  -  489 words
    • 559 13 UPI FORMER discus world recordholder Wolfgang Schmidt has adjusted quickly to life in the West He says he feels no remorse over leaving East Germany last November after a bitter six-year struggle to depart. Schmidt, who threw the discus 71.14 m in 1978,
      UPI  -  559 words
  • Page 12 Advertisements
    • 166 12 4 COURVOISIERXO-Where to eat, drink... nrtr the health-conscious, weight-watchers or simply /fitters of greens, we present you Daily from 11 am to 2pm at Cafe Vienna for $H. 90 you can tuck into more than 35 ixirieties of salads, eight dressings, eight condiments, soups, breads, mils and fresh fruits. Treat
      166 words
    • 217 12 30 DAYS OF FISH, featuring fabulously fresh fine fleshed fish, lunch or dinger, a-b-carte, at CAFE BOULEVARD Ist 30th April. Grilled Baby Salmon wKh Hoflanriaise Sauce. Brussel Sprouts and French Fries *-7 >r Grilled Seabass with Dill Sauce. Brussel Sproutt aad Buttered Rice Grilled Kiirw Kabob with Tartar Sauce, F»«nch
      217 words
    • 254 12 SATISFYINGLY HYATT Discover Hong Kong at Ruyi. our new Cantonese restaurant on the mezzanine level. Our Hong Kong chets will delight your palate with lunchtime dian xian. and a la carte dinner specialities. Lunch: 11.30 am to 2 30 pm Dinner: 6.30 pm to 10.30 pm 5 6 mm Hyatt
      254 words
    • 281 12 There's more to Hainanese Food than just Chicken Rice. Hainanese Buffet 1 Apr to 15 Apr We re having a bumper harvest of Hainanese delicacies in our Hainanese Buffet Lunch 6 Dinner Come savour our delectable Hainanese cuisine amidst the appetizing apricot ambience and unique stained glass ceiling of Cafe
      281 words
    • 174 12 IBSJSrSJBSSSBfSJSyR 2 s s s 2 s f s s sH* Delicious DianXin Feast on delicious Dian Xin specialties from Guangdong and Beijing. We have an incredible selection to choose from including Shark's Fin ShiLiu Baa Eight Treasures Glutinous Roll. Steamed Chicken Wing Stuffed with Mushroom and Shark's Fin and
      174 words

  • Page 13 Advertisements
    • 348 13 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN CX H RSLS. MM For between $26++ and $40+ I U Can se ect f rom our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from
      348 words

  • Page 14 Advertisements
  • MARKET REVIEWS
    • 5428 14  -  Singapore By MAGDALENE NG WEIGHED DOWN by overseas developments, the local stock market continued to lose ground in volatile trading last week after the past three weeks' rally. The week opened with the Straits Times Industrial Index losing 20 points in reaction
      5,428 words
    • 938 15  -  Week ended Mar 31 compiled by JULIANA TAY CORPORATE DEVELOPMENTS Hearing of former Pan-Electric Industries director Peter Tham'* trial will begin from Aug 10 to Sep 2. Trading in Nasdaq stocks started on March 29 DBS Bonk opened its second branch office in Raffles Place
      938 words
    • 748 15 K.Lumpur MBT THE UNCERTAINTY on Wall Street continued to affect sentiment on the Kuala Lumpur stock market last week and share prices fell for the first timp in six weeks Bulls, who had been unrelenting. finally showed signs of fatigue
      MBT  -  748 words
    • 399 15 Singapore Stock Indices Mar 28 Mar 29 Mar 30 Mar 31 Apr 1 BT Comp 1 814 18 809 11 820 15 814 57 Closed BT OB/OS 10 -144 -127 -37 -194 Closed BT CADI 11 -6996 -7037 -6948 -7005 Closed BT tO-day av 11 -6845 -685& -6861 6881 Closed
      399 words
    • 1381 15 Hang Seng Index gains 42 points Hongkong DBS Securities HK TRADING on the Hongkong stock market ended on a bullish note last week, with the Hang Seng Index gaining a respectable 42 points after plunging more than 100 points the previous week. The key market
      DBS Securities HK  -  1,381 words
    • 468 15 Tokyo AFP SHARE PRICES soared on the Tokyo Stock Exchange last week amid anticipation of higher prices with the start of the new fiscal year on April 1. The 225-issue Nikkei Stock Average closed the week on Saturday at 26,282.12 yen. up
      AFP  -  468 words
    • 283 15 AFP THE AUSTRALIAN stock market performed well last week but overseas influences dragged trading down The market turned in a good performance although it drifted lower towards the end of the short Easter trading week, brokers said. "The correction during the week was
      AFP  -  283 words
    • 322 16 New York AP THE NEW YORK stock market spent the first three months of 1988 healing some of the wounds it suffered last fall. But as the end of the quarter arrived on Thursday, it was still suffering from the after-effects of
      AP  -  322 words
    • 836 16  -  London From RAY HEATH in London SHARE PRICES in London danced to the tune of two outside markets last week Wall Street and the foreign exchanges and a dull, slow dance it was. The growing fear in the US that the weakness of the dollar
      836 words
    • 549 16  -  From SHIRISH NADKARNI In Bombay THE CRISIS of confidence which created a deep fissure in share prices the previous week did not show any signs of abating as trading on the Bombay StocK Exchange began last week. The BSE Equity Index slipped
      549 words

  • Page 15 Advertisements
    • 14 15 More market reviews, Page 16 The Zurich, Amsterdam and Frankfurt reports were not available
      14 words
    • 177 15 ANA HOTELS SINGAPORE LTD. 7. In the opinion of the directors, no item, transaction, or event of a material or unusual nature has arisen which affects substantially the earnings or revenue of the Company from the beginning of this financial year to the date of this report. 8. (A) NET
      177 words

  • COMPANY NEWS
    • 636 16 Offer will make Tat Lee Bank major shareholder of TLF PAN MALAYAN Holdings Ltd, the investment arm of the Tat Lee group, has made an offer to sell its 67 per cent stake in Tat Lee Finance (TLF) to its shareholders.
      636 words
    • 494 16  -  By SOH TIANG KENG TAT LEE Bank put up a creditable performance last year with a 24 per cent jump in group net profits to $12.11 million. Though the earnings increase failed to match the 32.8 per cent rise posted
      494 words
    • 681 16 DESPITE A DROP in turnover, property company City Developments Ltd (CDL) was able to report higher earnings laat year due largely to the recovery in the residential property sector. However, total profit from development for the year was not able
      681 words
    • COMPANY BRIEFS
      • 60 16 MULPHA INTERNATIONAL Trading Corp Bhd is to sell its 49 per cent stake of 980,000 shares in Multi-Pur-pose Commodity Trading Sdn Bhd to Ounlop Estates Bhd. The sale will be satisfied by a cash consideration of M 51.86 million. Also. Ounlop has said that Multi-Purpose Commodity
        60 words
      • 226 16 MULTI-PURPOSE Holdings Bhd (MPHB) and its wholly-owned subsidiary Multi-Purpose Shipping Corp Bhd (MPSC) have said the Scheme of Arrangement dated Feb 24 was approved by minority shareholders at a Mulpha (Hongkong) (MHK) meeting held on March 31. MPHB and MPSC directors said the special resolution to approve
        226 words
  • Page 16 Advertisements
    • 317 16 NOTICES THE COMPANIES ACT, CAP. 50 SECTION 290(2)(b) NOTICE OF RESOLUTION JBJ INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of JBJ Investments Pte Ltd held on the 24th day of March 1988, the following special resolutions were duly passed: RESOLVED THAT: 1) That JBJ Investments
      317 words
    • 339 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YONG JOON SAN (S) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 20 Maxwell Road #06-03 Maxwell House Singapore 0106 on 28 March 1988. the
      339 words
    • 331 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LADA MOTORS PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the members of the abovenamed
      331 words
    • 100 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF HH OFFSHORE SERVICES PTE. LTD. (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Cap. 50 that the Final Meeting of Members of the above-named Company will be held
      100 words
    • 80 16 REPUBLIC OF PANAMA U5525,000,000 FLOATING RATE NOTES DUE 1967 (EXTENDABLE AT NOTEHOLDER'S OPTION TO 1990 1992) Bondholders are hereby informed that the rate applicable to the sixteenth period of interest has been fixed at 7.8125% per annum. The coupon No. 16 will be payable on the 30 September 1988 at
      80 words

  • WORLD MARKETS
  • Page 17 Advertisements
    • 159 17 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
      159 words

  • 275 18 Bernama THE MALAYSIAN government will continue to help the Malays as at least 60 years are required before their targeted 30 per cent ownership of the economy can be achieved. Deputy Finance Minister Senator Farid Ariffin said yesterday. As
    Bernama  -  275 words
  • SATURDAY ROUNDUP
    • 225 18 A quick look at Saturday's main news THE SINGAPORE Armed Forces (SAF) will have to count on technology to make up for its lack in size, said BrigadierGeneral (Res) Lee Hsien Loong. The Second Defence Minister (Services), who was speaking at a presentation of Defence
      225 words
    • 276 18 THE HUGE DEFICITS incurred by the HDB in the sale of its flats are accounted for by the fact that it does not charge buyers for the market value of the land. National Development Minister Mr S Dhanabalan said in a written reply to
      276 words
    • 225 18 S R NATHAN, the Executive Chairman of The Straits Times Press, will become the new High Commissioner to Malaysia towards the end of this month. A Ministry of Foreign Affairs statement on Saturday said Mr Nathan, who succeeds Profes- sor Maurice Baker, will
      225 words
  • 743 18  -  By ZHOU MEI in Talp«l FUGITIVE Low Chun Seng, 45, currently in Taipei, will be sent back to Singapore if investigations prove that the Filipino passport used by him to enter Taiwan was a forgery. Taiwanese police told BT
    743 words
  • 500 18  -  By LEE HAN SHIH Property Correspondent ALMOST FOUR YEARS to the day after they turned their family home in Cairnhill into a condominium, the members of the Chia family that used to
    500 words
  • 113 18 AP STRIKING ferry workers voted overwhelmingly yesterday to continue a 61-day walkout which has disrupted English Channel crossings. In a vote by show of hands at a mass meeting of nearly 2,000 National Union of Seamen strikers gathered in a car park, only one man
    AP  -  113 words
  • 233 18 UPI THE US National Aeronautics and Space Administration has decided to remove and inspect engine pumps aboard the shuttle Discovery, revising the launch processing schedule and making it virtually impossible to meet an Aug 4 target date for the first postChallenger launch,
    UPI  -  233 words
  • LATE FILE
    • 39 18 Reuter THE US Treasury Department had no comment over the weekend on a US news agency's report that Secretary James Baker might resign this summer to run Vice-President George Bush's general election campaign. Reuter
      Reuter  -  39 words
    • 27 18 Reuter SOVIET Foreign Minister Eduard Shevardnadze flew to Kabul yesterday for a "working visit to Afghanistan", the official Tass news agency said. Reuter
      Reuter  -  27 words
    • 31 18 Reuter TURKEY has suspended new trade credit to Iraq from April 1 because of Iraqi debts to Turkey, the semi-official Anatolian news agency reported yesterday. Reuter
      Reuter  -  31 words
    • 65 18 AP KATMANDU AIRPORT customs agents said yesterday they had arrested a man from Singapore for trying to smuggle about 46 ounces of gold into the kingdom. Custom officials said Ragbir Singh arrived in the capital on Saturday on a flight from Bangkok and that they arrested
      AP  -  65 words
    • 38 18 AP LONDON POLICE said yesterday that a man was being held under Britain's Official Secrets Act. A newspaper reported that he was believed to be at the centre of an international spy ring. AP
      AP  -  38 words
    • 38 18 AP THE PHILIPPINES and Vietnam have agreed not to use force to resolve bilateral disputes, including a conflicting claim to a chain of islands in the South China Sea, the Voice of Vietnam said yesterday. AP
      AP  -  38 words
    • 33 18 Reuter ISRAEL'S Defence Minister, Yitzhak Rabin, dismissed as nonsense yesterday a British newspaper report that his country had signed a secret deal to supply advanced missile warheads to China.
      Reuter  -  33 words
  • Page 18 Advertisements
    • 525 18 Get your free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. The proposed International Exhibition and Convention Centre attracts the big guns. 2. Toy maker Tomy Kogyo goes to Bangkok. Why? 3. Singapore contractors are lured by construction
      525 words

  • SHIPPING TIMES
    • 424 19  -  By G DURAIRAJ CONTAINER hauliers have offered to unstuff FCL boxes at their depots in Port Klang to relieve the pressure on their vehicles which are under strain because of a steep rise in demand. The move follows complaints by forwarding
      424 words
    • 164 19 Reuter FINANCIALLY troubled Japan Line is undertaking a series of measures designed to cut costs and get help from its creditor banks, officials said. The company, which is negotiating with its creditors over reorganisation, plans to halve its shorebased workforce to
      Reuter  -  164 words
    • 224 19 Reuter TANKER OWNERS are generally confident that rates will increase during the second quarter of this year, London shipbroker Galbraith's said. In last week's tanker market report, it said VLCC rates remained fully steady despite the Easter holidays. With several large
      Reuter  -  224 words
    • PORTSIDES
      • 102 19 Reuter THE UGANDA Coffee Marketing Board reported the loss of shipping documents for two 6,251 bag consignments of Ugandan robusta standard grade coffee One consignment (C99BA) was shipped on the vessel Kapetan Pavlovic from Mombasa to New York. Bill of lading numbers MBAJ *****, *****, *****
        Reuter  -  102 words
      • 107 19 AFP THE JAPANESE shipbuilding industry cut its capacity by 23.6 per cent during fiscal 1987 ending last Thursday in order to tide it over a business slump, Japanese Transport Ministry officials said The ministry had asked for a cut of 20 per cent by the
        AFP  -  107 words
    • 163 20 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf Straits ports/Australia, Straits/Japan and the member lines ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 121 20 Reuter BALLS OF TAR have been washing up on the shores of Bahrain and Saudi Arabia for several weeks but the source of the oil pollution remains a mystery Environmental officials said a computer study by Kuwait's Environmental Protection Committee suggested that
      Reuter  -  121 words
    • 682 20 Last year tweendeckers witnessed a strong revival in second-hand values. Lloyds Shipping Economist traces the reasons which led to the upsurge in prices. ALTHOUGH appreciating assets in the tanker and dry bulk sectors have tended to dominate sale and purchase market commentaries in recent
      682 words
    • 1064 20 A6 Shpg V 5 ABC Contoi ner VIN 1 Accord Shpg VI 3 Ahrenkie' lin#r XI 3 Afnco Ocean XII 2 Alltrons VN 3 AC Toepfer XI 5 American Tpt XN 4/5 Anro Service iv 2/3 Arrow l>nes IX 5 As«On Ocean XI 4 Atlos line X
      1,064 words
    • 484 20 FIVE COMPANIES have responded with interests to suggestions by Thai authorities to set up their own container yards to ease congestion at Klong Toey. Nippon Yusen Kaisha is the first to announce that it will take immediate steps with a
      484 words
    • 508 21 Reuter NEWLY-BUILT docks lie idle and truck traffic has dried up along the ancient trade route from Turkey s Black Sea coast to Iran. Iran s purchases through Turkey have plummeted 89 per cent since 1984, bringing transit traffic to
      Reuter  -  508 words
    • 213 21 AP THE UNITED STATES trucking industry has reached a tentative agreement on a national freight contract covering some 200,000 drivers and warehouse workers. The three-year national master freight agreement would replace a contract of similar length between the Teamsters Union
      AP  -  213 words
    • 722 21 INCREASED tanker sales are reported on the shipsale and purchase with two VLCC's going to Greek interests for around US$23 million en bloc, secondhand tonnage brokers said. One of the vessels is the Golar Kansal of 219,287 tonnes dw built 1972, which was attacked in the Mid-East Gulf earlier
      722 words
    • 85 21 AFP A DANISH freighter, the Pegasus, was allowed to sail from the southern Italian port after a month-long enquiry into armssmuggling. Its captain, Leander Ove Jensen, and first mate, Carl Erik Andersen, were conditionally released on the orders of an examining magistrate. Investigators concluded that 25 tons
      AFP  -  85 words
    • 7478 26 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
      7,478 words
    • 1151 27 Chartering was generally on a small scale prior to the Easter holidays, with the bulk of business confined to the grain and time-charter sectors on Thursday, ship brokers said Grain operators paid US$2O for the voyage from the US Gulf to Morocco and $28 25 for grain from
      1,151 words
    • 1380 27 AT CONVENTIONAL WHARVES JURONG PORT Vassal KEPPEL WHARVES Bungo Se'owor Eastern Gl Equator III fengtoi Fengy, G Odyssey Highlander Huongimshan Koto Berkot Koto Solom lobroy SO Motovun Pingquon Seo Sprite Tofilo Baroness Equator Gl Selaton Khun Koek Koto Seioti Str Venture Tongquan Yuqing PASIR PANJANG Gold leaf
      1,380 words
    • 2116 28 Express (S/KL) Freight Management Freight Management (S) Frota Line Merlion Shpg (S)/Anglo-French Trading (PK/PN) G —I Gearbulk Ltd Anglo-French Shpg (S)/Anglo French (PK/PN) Glory Navigation Ocean Int'l Marine Corp (S)/Mewah Shpg ft Trdg (PK) Gold Star Line Star Shpg Agencies (S) Golden Line Guan Guan Shpg
      2,116 words
    • 223 30 AFP A COMPENSATION wrangle that began eight years ago when a Madagascan tanker spilled 8,000 tonnes of oil off France's west coast has been settled finally Several companies concerned in the wreck of the Tanto off Brittany in March 1980 reached agreement before a
      AFP  -  223 words
    • 172 30 Reuter A PROTESTER set himself on fire as about 10.000 workers at South Korea s second largest shipyard went on strike to press demands for a 55 per cent pay rise The man doused himself with inflammable liquid and then
      Reuter  -  172 words
    • 161 30 AFP CROSS channel traffic was returning to normal in Dover late Saturday after French seamen decided to end a two-week strike, a port official said The first French Sealink ferry since the resumption of work, the Nord Pas de Calais. docked at the English
      AFP  -  161 words
    • 159 30 Seatrade Week A CRACKDOWN by US Customs on carriers whose vessels are found to be transporting illegal drugs has focused attention on the problem and spurred some lines to take action. In the wake of high fines levied by Customs on both
      Seatrade Week  -  159 words
  • Page 19 Advertisements
    • 758 19 *°V IlihiisJUvl hi, TIMES jj STP Distributors Publishing Group OOCL ORIENT OVEIQEAS Co*Lim* LINE NORTH AMERICA ATLANTIC EXPRESS (ROUND-THE-WORLD ROUTING' NEPTUNE JADE ORIENTAL FAIR RAINBOW BRIOGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH ORIENTAL FRIENDSHIP NEPTUNE J ADC ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAITH Wo* LBH CHTON
      758 words
    • 112 19 kmdb ALTHOUGH appreciating assets in the tanker and dry bulk sectors have tended to dominate sale and purchase market commentaries in recent months, 1987 also represented a good year for the secondhand values of conventional general cargo carriers. Page II NEWLY-BUILT docks lie idle and truck traffic has dried up
      112 words
    • 713 19 v V* STP Distributors sn^ MAERSK LINE A NEW STANDARD IN SERVICE A BETTER WAY TO OAKT.AWn SIN OAK— 17 DAYS! LPK OAK— 23 DAYS! PEN OAK— 92 DAYS! Voy Sport Feeder from| Port Malaysia Keiang To: Europe—UK —Scandinavia —Finland AXEL M M TOKYO LUNA M ARTHUR M M To*yo
      713 words

  • Page 20 Advertisements
    • 741 20 «L Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT TOKYO BAY RHINE MARU TOKIO EXPRESS HAMBURG EXPRESS KOWLOON BAY BENAVON P KELANG SOUTHAMPTON AMSTERDAM. CARIBBEAN iS AMERICA CONTAINER SERVICE FROM UK/CONTINENT RHINE MARU TOKIO EXPRESS KOWLOON BAY THAMES MARU BENAVON OSAKA BAY CONV/SEMI-CONTAINER SERVICE TO MED EUROPE Agents: Singapore *****00 Bookings Singapore *****00
      741 words
    • 11 20 sh,p p P p g 9 AsS;o®' n9apo e Na,ionai $s?l
      11 words
    • 404 20 CHARGEURS REUNIS DIRECT SEMI CONTAINERISED SERVICE TO WEST AFRICA SPORE EARNEST VENTURE V7S (4 CO ABIDJAN IV4 SINGAPOOF ENOUIBIFS *****44 FA* 225M51 P NOIRE P CENTIL LIBREVILLE DOUALA COTONOU LOME V »/4 6 5 10/S 1M IM ics ABIDJAN DAKAR Wi Optorg Shipping Pte. Ltd Kelang *****0V2/3 ng Ja»a 7"56?593/757b603
      404 words

  • Page 21 Advertisements
    • 1131 21 The Straits Steamship Group I P&O Containers CONTAIfCRSHH* SERVICE TO UK/COMTINENT HOMG KONC umss TOKYO BAT *HIN£ HARU TO* 10 EXPHtS HAHBURC EXPRESS KOWIOON BAT SCNAVOM MCA Also Accepting Corgo For: *•">*"l Ajrhw Gottwnburf Ma Imo Stockholm Mtttinki Sandorturj Rotterdam la Antwo Amsterdam Olio, (nil Zurich Bremen ha »«rt to
      1,131 words
    • 782 21 !S1 C SAV Corrpjnu Sud Americana do Vjpcrcs S A. SERVICE TO/FROM CHILE FEEDER VESSEL S PO«E IHOTHER VESSEL HK ARICA IQQ ANTOF VALP SAI gJJJJ W NO6LE STAR I*4 M M i W CSAV7 14/4 CAR CARRIER YOK— 31ft 2*4 CSA* J 8 VESSEL 2S/4 4/t 2A M 10*
      782 words

  • Page 22 Advertisements
    • 461 22 MSI NOSE m MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN EHSAN IRAN TEYFOURI Loading for BANDAR ABBAS BANDAR ABBAS KYOWA LINE PNG/S. PACIFIC SERVICE Singapore Loading for: A VESSEL 21/4 LAE. PMB. RBL HRA MICRONESIA SERVICE OCEANIA EXPRESS V-12 13/4 OCEANIA EXPRESS V-13 3/5 YOKO
      461 words
    • 739 22 K.S.line t»*tt imtrm .'<>*» MA rum FULLY CONTAINERISED SERVICE FUUY CONTAINIRISED 10/ FROM NORTH AMFRICA WIS! COAST CONVENTIONAL SERVICE TO PERSIAN GULF VESSEL kuantan s pore loading for CRYSTAL REED S3 5/4 DUBAI. DAMMAM SPARKLE SUN AC 17 9/4 DUBAI. DAMMAM KUWAIT GEN AGENTS CROWN MARINE CO (PTE) LTD TEL:
      739 words
    • 396 22 m FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO DUBAI: SAILING 8/4 EURO-AFRICA LINF SIN FOR PORTO. LISBON. ORAN. BILBAO 17 '4 MADRID. MALAGA, MELILLA, 15/4 TANGER. TENERIFE, LASPALMAS. TUNIS, VALLETTA, IRUN, CEUTA ALGIER ISTANBUL U.S.A. SIN LBH NYC ALSO ACCEPTING TO 9 4 6/5 18 5 CHICAGO. BOSTON. JAV.
      396 words
    • 868 22 r m EVERGREEN Full Container Service fe/carib/ usec/euro/fe) (VCR GUARD EVER GROWTH EVER GRAND EVER GLAMOUR J/5 2S/5 as ALSO ACCEPTING CARGO TO So« S m NNAH BOST N NORFOLK JACKSONVILLE <) ATLANTA CHICAGO DETROIT COLUMBUS t OTHER MAJOR MICROBRiOGE DESTINATIONS £uL S .?£f l ,AL>o CITY COLON LINON CURACAO
      868 words

  • Page 23 Advertisements
    • 683 23 PACIFIC INTERNATIONAL LINES AV\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL GOWA KOTA EAGLE MAJAPAHIT KOTA SINGA NGO KOB B 20/4 22/4 2S/4 7/S 4/5 16/S lays 20/5 23/5 JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE BANGKOK CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE VESSEL
      683 words
    • 268 23 !,i NORBULK NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS SPORE MARATHON UNITED AGENCY PTE LTD TEL KL PK SP YEO SHPG i TRDG KL 5>%44 PK 36&!C1 PENANG TANJONG MARINE SDN BHD TEL <5T85?5 SABAH TRANSPAC KK TEL ***** *****1 BREAKBULK SERVICE TO EUROPE/UK
      268 words
    • 612 23 rat, BEN LINE CONTAINERS VICE TO UK/CONTINENT Hon|*onf i (*Ml 4(4 I«t»« BJ, 114 •hint Mary It 4 To*to Eiptti lb4 Hontair| Ciprtu J%.4 Kowloon Bo« 4/5 ■«w»o" 11,"5 OmU Boy «W Lj Porouto ai Lot 80, i City ol Uinfcirfti M HAWN 00A* HAVRE 214 714 K4 *5 *5
      612 words
    • 580 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. OAMODEIA IWDOmiA > P.T. TRIKORA LLOYI EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY KUTAI/14WB L.J BONTANG/14WB OCEAN PRIMAIOWB BILBAO ANTWERP H BURG/ ROAM/ADAM BREMEN Suto|«ct to Inducement Also accepting cargo to Casablanca. Pot SaW, Port Alsiandrla.
      580 words
    • 422 23 BOUSTEAD SHIPPING AGENCIES 1* MERCUI V&3W 31 Mar,7 PAGAN VI26W 4 6 Apr PA AN VI23WT 11/13 Apr HTONEYWA V234W 15/1? Apr BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S pore P.Kelang Penang Bangkok 31 Mar 7 Apr 6 4/6 Apr U/13 Apr 9/10 Apr £3
      422 words

  • Page 24 Advertisements
    • 1153 24 LL K"LinE SHIPPinG-DfYFfl nTLftrITIC CDflF?T'Ro,n rt -Thj^nr M s>rvirpi 'PK/PNG NEPTUNE JADE Vl2 3 Apr 7 Apr 3 ORIENTAL FAIR V 8 9 Apr 14 Apr RAINBOW BRIDGE Vl2 16 Apr 21 Apr 1 NEPTUNE GARNET Vl4 23 Apr 28 Apr 2 •VIA FEEDER PACIFIC SOUTH-WEST FEEDER VSL 'PK/PNG SP
      1,153 words
    • 420 24 Accepting LCL and containerised cargoes Direct to South Africa Accepting Containers Only VAAL 5135F NEDLLOYD COLOMBO 5234F OSAKA MARU 5339F S pore I Durban p.Eiu SC JJg 13/5 17/5 25/3 26/5 ANJOU 016G OSAKA MARU 4938G HAYAKAWA MARU 5037 C P Cliz C Town Durban ld Sid Sid Sid Sid
      420 words
    • 699 24 Sj Li INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Singapore P Kelana Penang Laadine tar Mother Ysl B, fee*. B, r4<* SO TRIPURA V 34H An, RAVIOASV39H I 4"2 a INDIAN COURIER V 29* 10 Ap, 3 3 hSS*£S»L S 0 ANDHRA PRADESH V 37N11 Apr ,j INDIAN COURIER W
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    • 674 24 TsTi GOLDEN LINE GUAN GUM SHIPPING (Pit) LTD "RAIJS/PERSIAN GULF SERVICE: iw GOLDEN WONDER Cotombo/Kinehi Dubai 7flT Apr GOLDEN BEAR Karachi Dubai Damnum 24/25 Apr CHINA SERVICE Sh Hs nM,, 15/14 Apr MINFU Haangpu Shanghai 7/j 23. Tatok Aywt Slr««t SINGAPORE 1104 TEL BOW (10 LINES) Fu 5343» *T~2l china
      674 words
    • 484 24 PHILI-Oni€NT LIN€S PT€ LTD l HEAD Of net 63 ROBiNSON ROAD -C 7 1? 1 AFRO ASIA BUILDING SINGAPORE 01C5 TE:E* RS 287Z0 PHtll FA* Z?556'6 EAST/FAR EAST FCI I LCI SERVICE «ssa I lU«IGA»**H mstmatkm UK EUROPE SERVICE JEURO MED UNE LOS ANGELES. LONG BEACH NEW YORK. BALTIMORE. CHICAGO
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  • Page 25 Advertisements
    • 826 25 NEPTUNE ORIENT LINES LTD J Bahru NEPTUNE AGENCIES PTE LTD FE EU/AUST TPA/SEA Terminal CFS BOOKINGS *****53 27*5742 *****22 *****53 *****19 27*114 27*111 *****41 NEPLINE SON BHD. 381M87 INWARD/OUTWARD NEPLINE SON BHD. 2****** ENQUIRIES *****44 NEPLINE SON BHD i*****/627«0«27fi1/627tt2 NEPLINE SDN BHD *****0/***** QW BRIDGE 2W* (5/4) 7/4 25/4 26/4
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    • 518 25 HEUNG-A SHIPPING Korean Flag Vessels 1 SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICF Vessel s Name ETD BS BKK M Enterprise/IOSN 26/03 No 9 Oonam'Bo3N 23/03 03/04 No 7 Donam/IO4N 04/04 No t Donam/803N 05/04 17/04 'Gloria JO4N 15-04 27/04 ETD BS BKK S PORE PKELANG
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    • 786 25 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 ***** PASIR GUDANG F B SHIPPINC AttNCY SON BHD 36^43 95 A, jm Meranti Merah jOHORE BAHRU iiiMPut
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  • Page 26 Advertisements
    • 348 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TIL 225 6868 <30 lines< fAX *****39 22-***** TtIEX RS ***** A B SSCVIA RS ***** A B SSCAO VE.B PEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE RUEBELAND 3 88 •VIA COLOMBO Accepting cargo tor INDIA Bombay. Cochin. Madras Calcutta S CCep m g argo ,0f
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  • Page 26 Miscellaneous
    • 174 26 Regional Weather t 2 W M m .1 i > m s 4* A: 5& 1 ill <=2 XQ SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Wind direction with speed m knots Wove height LEGEND R Thunderstorm Temperature «> c Shower Weather Wind direction with speed m
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  • Page 27 Advertisements
    • 1445 27 \\CSP\ CSP SHIPPING AGENCIES PTE. LTI Tel: *****66 (16 Lines) Fa*: *****15 FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HONG KONG, OANGKOK, P.KELANG, KEELONG, KAOSHIONG, MANILA, BOSAN, TOKYO/YOKOHAMA KOBE, OSAKA, FELIXSTOWE, HAMBORG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destination; ACCEPTING FCL/LCL AND CONVENTIONAL: «55- PEN PKG
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    • 281 27 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. BC IRAQI LINE S T4T f«Tlßr«lsf fO* MARITIME TRANSPORT EAST BOUND SERVICE £TA S PORE LOAOINC FOR BABYLON 13/4 j 4pin (y MAMA) WEST BOUND SERVICE £TA S PORE LOADING FOR LFARABI 15/4 Jeddah. Aqaba BsgNJao ETAPKELANC LOAOINC FOR AtFARABI 17/4 Jeddah. Aqaba Baghdad
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  • Page 28 Advertisements
    • 1130 28 IMS fine-liner shipping ral, PTE LTD I Shenton Wiy fU (VC Mirini House S pore OX I TEL *****7/ (8 lines) 1 Tlx RS ?;M1 FIINFR (AX ??yBW> EUROPE SERVICE ;<PTT !.T'* TBN 54 TBN 17,4 |77« |n/4 I 1/5 I ifi I |11/5 IM 115'5 imrmn W vs W
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    • 554 28 Everett Lines JOHNEVERETT 22/23 M MURRAYEVERETT 4/5 6 ORIENT LINE" iff JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA. KOBE, NAGOYA, MOJI. TOKYO* 3 AND OTHER JAPAN PORTS* 22/23 Apr 4/5 May Penang* p Kelartg* Singapore f MANOLOEVERETT /10 Apf i JOHNEVERETT 22/23 J 9 MURRAYEVERETT 4/5 May 5 g LOADING
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  • Page 29 Advertisements
    • 230 29 jr? l Egyptian International Shipping Company *a< SERVING DIRECT TO FROM PORT SUEZ, ALEXANDRIA, AND PORT I SAID BY EGYPTIAN fIAG VESSEIS EASTBOUND FM EGYPT V SPHINX ETA SPORE 15 4 M WESTBOUND TO EGYPT JJ 3*" AM,DS V145 ETA SPORE 2.4 M M V NILE V 135 ETA SPORE
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    • 73 29 P.T. TYTYAN SAMODRA SHIPPING COY Envi Services Pte Ltd Tel: *****55 Tlx; RS ***** ENVISV Fax: *****28 BREAKBULK CONTAINER SERVICE TO CHITTAGONG, INDIA TAIWAN CHINA SERVICE YOU VI 9 04 08 04 SHANTOU 2HEN XING 10 15/04 HUANCPU THAI-PORE ENTERPRISE PTE LTD TEL: 748 5755 TLX RS *****/TAIPO REGULAR SERVICE
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    • 521 29 SING KWANG HANG LCL/FCL SERVICE A VESSEL SINGAPORE 8/4/88 EgBIEEEICBgICigKHM A VESSEL SINGAPORE 11/4/88 Also accepting cargo to KEELUNG, KAOHSIUNQ, HONG KONG. P. KELANG. BUSAN JAPAN E. MALAYSIA A BRUNEI PORTS :y ,T .f w-A'. wui 'J TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST Uii'Kil lUCKT SEAWAY SERVICES PTE
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    • 635 29 GLORY NAVIGATION GROUP RE6ULAB LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* SP GIORY SELATAN VIII Ski GLORY SELATAN IX V 66 Sid CLORY SELATAN V V 86 4 4 PKL PN BLW KAON J/3 18/3 W 6 VESSELS OF LOG CARRIERS 5 VESSELS
      635 words
    • 390 29 PTC CONTAINER LINES FCI/LCL SERVICE PICGftOUP C/CJ CARGO IN CONTAINER CO LTD FULLY CONTAINERISED/RO-RO VESSEL \u\mm 9/4 HAIRATAN/KABUL/TOURGHUNDI WORLD FREIGHT SERVICES LTD International NVOCC Container Liner Weekly Service To and From U.K. (Accepting cargoes for all inland destinations in U.K. General Agents POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66
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  • Page 30 Advertisements
    • 390 30 /I/ Hai Sun Hup Co (Pte) Ltc TEL *****06 (20 Lines) TLX RS ***** RS 206 T. 1 ASM RN CAR I INI K I I I). STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFTS VOY NO 55 S3 Spore 6/4 S P. Kelang 8/4 13 Yokohama 1/5 29
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    • 467 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES ——.For Gulf Sp e LeH ,r Conn«c„n« VSL M(am| Nfw B SURia vo*2 4 4 21 4 atl cartier Orleans Houston SELANDIA V 092 11 4 STUTTGART EXP i.,, w. r TOYAMA VlO2 18 4
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    • 282 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK A 9 en NIHON-ASIA SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** SHIPPING OFF,CE U ROAD dtcTrn 03 KEPPEL HOUSE PTE LTD SINGAPORE 0208 TIMBER/BREAKBULK SERVICE JPN CHINA RANGOON SPORE BKK SRWK INDIA LATANGAN V 97 In Port 88
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    • 1181 30 BSD, CALL US ATP. KELANG PENANG J. BAHRU 1 P. GUDANG SINGAPORE 2 K. LUMPUR *****53/*****11 04-*****2/f *****3 •07-*****8 <07-*****3, *****5, *****0, *****1 '02-*****22 *****88 jWEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE j FEEDER I B BUTANC 4B B BUTANC 435 8 BUTANC 437 B BUTANC US P KELANG MTHR
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