The Business Times, 19 May 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, MAY it, IMB 75 CENTS
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  • 299 1 AP Dow Jones lower WALL STREET stocks lost ground over a broad range in early trading yesterday although blue chips had only moderate losses. The Dow Jones Industrial Average was off three points at 1,984 while declining issues led gainers by two-to-one. Selling followed Tuesday's decline on
    AP  -  299 words
  • 110 1 THE SHARP overnight drop on Wall Street following the announcement of lower-than-ex-pected US March trade figures met with mixed response in regional markets yesterday. The Singapore stock market opened weak but firmed in the afternoon. The Straits Times Industrial Index gained 4.35 points to close at
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  • 547 1  -  Merchant bankers divided over whether climate is rialliLj By CORRINA LIM MERCHANT BANKS are preparing at least five companies for listing on the Stock Exchange of Singapore this year, with a couple scheduled for flotation within the next two months. Industry sources reckon
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  • 483 1  -  By GENEVIEVE CUA SINGAPORE'S external trade continued to be brisk in April, registering a 22.9 per cent increase over April last year to reach $13 billion at current prices. But the rate of increase was the lowest recorded this year. Previous growth rates
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  • 534 1 Reuter THE PHILIPPINE economy is growing strongly in real terms but is in danger of overheating, central bank governor Jose Fernandez said. "The growth is real." he told Reuter in an interview. "The reason I talk about overheating is when you
    Reuter  -  534 words
  • 209 1 THE US DOLLAR yesterday finished easier against major currencies on Asia's foreign exchanges as dealers took profits after the greenback's strong rally in New York and Europe on Tuesday. The rally in the Western markets came in the wake of a large drop in
    209 words
  • 488 1  -  TJ By ZHOU MEI LEGISLATIVE amendments designed to ensure a multi-racial Parliament were passed by the House yesterday. The Parliamentary Elections (Amendment) Bill 1988 and the Constitution of the Republic of Singapore (Amendment) Bill, which will become law after the President has signed them,
    488 words
  • Page 1 Advertisements
    • 90 1 A TIEN COURT J? SICHUAN CUISINE King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 iJ Full local report, Pago 14 Roglonal marfcots, Pago 16 World marfcots, Pago 17 Thatcher and aterling, Page 11 3 *m H < **•••••••••••••<• •••••brBWU... > Start off on a right note in the morning.
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    • 341 1 Snooping superpowers IT WOULD BE naive to expect the superpowers to restrict their extra-curricular activities to the European theatre. As Asia-Pacific and the developing countries of the Third World cut their economic teeth, the superpowers, i.e. US and Russia, are bound to increase their economic intelligence gathering, if not downright
      341 words
    • 105 1 BALLY insets the challengt of tomorrow of Switzerland Mora reports, Pag* 3 Shipping Timet comet at a teparata taction today. Make aura you get your copy. ■i* <- =i m gsii^ m H ft a-— DINING ON TOP-OF-THE-WORLD Join us at the top. Enjoy the best Beijing cuisines specially prepared
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  • HOME NEWS
    • 228 2 IN RESPONSE to increasing enquiries locally and from Japan, the Japan External Trade Organisation (Jetro) in Singapore is moving to bigger premises and expanding its facilities. Jetro Singapore was set up in 1962 to promote Japanese exports. But over the years,
      228 words
    • 175 2 SOME 470 PEOPLE will arrive in Singapore today on a cruise but they will have little time to take in the sights. That's because they're here for a plant observation tour of more than 15 Singapore companies arranged by the National Productivity Board (NPB). The
      175 words
    • 147 2 THE SKIN DISEASE CENTRE at Moulmein Road, built at a cost of $11 million, was handed over to the Ministry of Health yesterday. It will replace Middle Road Hospital which is being vacated for re-develop-ment plans, according to a hospital source. She said the
      147 words
    • 138 2 PRICES of consumer goods held steady in April, with no change in the consumer price index (CPI) from March. Compared with April last year, however, the CPI rose 1.6 per cent. Fruit fish, rice and eggs were costlier in April. But overall, food prices
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    • 219 2 AIRPORT and seaport authorities from 12 countries will be displaying their latest developments and facilities at an exhibition and conference in Singapore. The Pacific Transport Freight Distribution Exhibition and Conference, to be held from June 20 to 23 at the Raffles City Convention
      219 words
    • 440 2  -  By ANNA TEO THE BRITISH High Commission is going all out to promote two-way trade and investment between Singapore and Britain. High Commissioner Michael Pike said yesterday. And he said there was no better time than now for Singapore companies to
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  • Page 2 Advertisements
    • 55 2 High rates attract interest in MI Mad# l 8 cave Treasuresjn an A TJMARCARET CHAN h rCraSS£«=Ss»^ as described by f M^ ofl bi« to' 88). 3S»iS»>w- U* C» R 1 L L I Closed or Sundays Pubttc Hohdaysi DAI-ICHI HOTEL SINGAPORE 81 Anson Road Singapore 0207 Tel: *****33 Tlx:
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    • 224 2 INTERNATIONAL x? JUNE 27 JULY 2, 88 THE ROYAL CLIFF HOTEL PATTAYA, THAILAND Jointly organised by: School of Management, National University of Singapore and Human Resource Institute, Thammasat University An Intensive Residential EXECUTIVE DEVELOPMENT PROGRAM at a World Class Resort Hotel. The Program will cover the following major topics: Changing
      224 words
  • Page 2 Miscellaneous
    • 1229 2 to (an© aaaa© PM Opening ond Programme Highlights followed by Lingo. Coming Attractions. Voyage From Antiquity (See highlights). Ever Decreasing Circles. Bookvisions Withering Heights. Catherine confides to Ellen that she would feel degraded if she were to marry Heathcliff. Heathcliff overhears this conversation ond runs away Sports Centre —16 Days
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    • 130 2 Max; Not* (•C) 19/10 Cloudy 20/13 Qear 28/16 Cloudy 34/27 Cleor 33/25 Cloudy 31/20 Cleor 30/20 Cloudy 32/20 Sunny 24/12 Cloar 2S/10 Cleor 24/21 Cloudy 21/07 Cloudy 22/18 Cloudy 21/08 Clear i 20/11 Cloudy 35/18 Clear 21/05 Clear 15/11 Cloudy 30/21 Cloudy 18/10 Qwr 19/09 Cleor 32/25 Haze 15/07 Cloudy
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  • YESTERDAY IN PARLIAMENT
    • 532 3 SINGAPORE'S move towards group representation constituencies (GRCs) reflects a search, akin to that seen in Switzerland, for consensus in a plural society, said First Deputy Prime Minister Goh Chok Tong. The stability enjoyed by the Swiss has much to do
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    • 269 3 THERE ARE NOW more technical and skilled workers than unskilled workers in Singapore, a reverse of the situation in 1985. Technical and skilled workers made up more than half of the workforce last year, up from a third three years ago,
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    • 440 3  -  Reports by ZHOU MEI, CHUANG PECK MING, BOEY KIT YIN PARLIAMENT was adjourned two hours ahead of schedule yesterday afternoon, postponing till next Wednesday debate on the recent detentions under the Internal Security Act. After Parliament passed the two bills relating to the Team
      440 words
    • 349 3 THE POSSIBILITY of relocating the Bukit Turf Club, which now sits on a 135-hectare piece of land in Bukit Timah, was raised by the government yesterday. Mr S Dhanabalan, the Minister for National Development, disclosed in Parliament that the move would be considered for
      349 words
    • 44 3 THE LOWER Central Provident) Fund contribution rate for work-!' ers above 55 will affect 49,000 CPF members. Labour Minister! Lee Yock Suan said yesterday. The lower rates will be phased! in over three years, starting from July 1.
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    • 64 3 THERE ARE 64,568 people waiting to buy a Housing and Development Board flat, with over half of them on the waiting list for four-room flats, said the Minister of State for National De- velopment, Dr Lee Boon Yang. He said the HDB would continue to
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    • 57 3 LAND will be set aside for pri- 1 vate developers to build houses. shops and offices in such new* towns as Bukit Batok, Yishun,£ Tampines, Choa Chu Kang and Woodlands. Dr Lee said. The re-* lease of these land parcels > would depend on
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  • Page 3 Advertisements
    • 357 3 a IB The watch you see below is a classic. To be more precise, it is one of the most important watches in the history of watchmaking: The first alarm wrist watch ever made. Introduced in 1947 by Revue Thommen, the Cricket (as it was called, and youV soon find
      357 words

  • ASIA-PACIFIC
    • 345 4 Reuter EUROPEAN, US and Japanese industry representatives on Tuesday agreed to joint proposals to stop the theft or illegal copying of intellectual property such as copyrights and patents. Heinz Kroeger, head of company affairs at Unice, the Union of European Industry Confederations. said the
      Reuter  -  345 words
    • 407 4 Reuter MOSCOW, which backs the Vietnamese occupation of Cambodia, would support the creation of a neutral zone in South-east Asia, Soviet Prime Minister Nikolai Ryzhkov said on Tuesday. Mr Ryzhkov, quoted by the official Tass news agency, was speaking at a dinner
      Reuter  -  407 words
    • 251 4 AFP THE SOVIET UNION denied on Tuesday that Afghanistan would be partitioned into northern and southern sectors after the withdrawal of Soviet troops, with the north acting as a "buffer zone" along the Soviet border. "No division of Afghanistan is being planned," Foreign Ministry spokesman
      AFP  -  251 words
    • 251 4 UPI JAPAN will remove unfair import quotas on eight farm products within two years, the Ministry of Agriculture. Forestry and Fisheries said on Tuesday in a Kyodo news service report. Ministry officials said they may impose tariffs on the items once the
      UPI  -  251 words
    • 241 4 AFP TAIWAN and South Korea should avoid running what the United States sees as a closed economy such as that practised by Japan, a senior US trade official told the Hongkong press on Tuesday. "It is essential that Taiwan
      AFP  -  241 words
    • 308 4 AFP PHILIPPINE Defence Minister Fidel Ramos met US Defence Department and Congressional leaders in Washington on Tuesday, the fourth day of his visit which coincides with calls in the Philippines for the ouster of US bases there At an afternoon meeting with
      AFP  -  308 words
    • 233 4 Reuter AS TENS of thousands of students rioted in South Korea yesterday. the nation's three opposition leaders agreed to form an alliance to secure an overall majority in parliament and push President Roh TaeWoo into democratic reforms. A joint statement said former Prime
      Reuter  -  233 words
    • 430 4 Reuter JAPAN and the Soviet Union are both hoping to use this week's annual general meeting of the Pacific Economic Cooperation Conference to expand their influence in Asia, say diplomats and conference delegates in Osaka. The Japanese are leading a drive to
      Reuter  -  430 words
    • 144 4 AP ROCK STAR Michael Jackson was seen singing and dancing to promote the Pepsi soft drink when the first commercials shown for pay on state-run Soviet television were broadcast on Tuesday. The slick advertisements were shown during a five-part series hosted by Soviet
      AP  -  144 words
    • 888 4 ARRIVALS Operator Service Local From number time StA SQU 0040 LAX/NRT LUFT LH4514 0140 FRA/DXB SiA SQ691 0555 KHH SIA SQ693 0655 KHH IC IC555 0655 MAA SIA SQ411 0800 BOM MAS MH640 0820 KUL MAS MH651 0910 PEN MAS MH607 0920 KUL AC AC888 0925 VYZ/LHR/BOM
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  • Page 4 Advertisements

  • REST OF THE WORLD
    • 500 5 AP PRESIDENT REAGAN has launched a renewed rhetorical attack against the omnibus US trade bill following the dramatic drop in the US monthly trade deficit, the lowest in three years, amid indications that he would almost certainly veto it shortly. Mr Reagan, fielding
      AP  -  500 words
    • 215 5 US trade deficits how much and with whom Source: AP THE FOLLOWING is a geographical breakdown of the March trade balance, based on figures released on Tuesday by the US Commerce Department (all numbers are negatives, reflecting trade deficits, unless otherwise stated. "Up" connotes a worsening or widening of the
      Source: AP  -  215 words
    • 329 5 Reuter A SHARP DROP in the trade deficit shows a roaring US economy in the midst of an export boom, but also exposes a vulnerability to a resurgence of inflation, US economists said. Analysts said some investors are worried that the export boom will spark
      Reuter  -  329 words
    • 239 5 AFP THE US electoral carnival is rolling towards its last major fairgrounds the Democratic and Republican primaries in the enormous state of California on June 7. Since it is already clear, barring a great surprise, that the presidential candidates will be Michael Dukakis
      AFP  -  239 words
    • 141 5 UPI PRESIDENT Ronald Reagan impressed upon visiting Israeli Foreign Minister Shimon Peres on Tuesday the urgency of pursuing peace in the Middle East and said any settlement will have to include an exchange of territory. White House spokesman Marlin Fitzwater, in an
      UPI  -  141 words
    • 283 5 AFP BUSINESS LEADERS of industrialised nations took a critical view of key governments' performance in reducing global imbalances and voiced concern about "continuing economic uncertainty". Private sector representatives of the 24 member countries of the Organisation for Economic Cooperation and
      AFP  -  283 words
    • 391 5 Reuter BRIGHTER world growth prospects and a big improvement in the US March trade deficit have cheered Western economic ministers meeting in Paris, but storm clouds still loom over a dispute on farm subsidies, diplomats said on Tuesday. Foreign and economic ministers from the
      Reuter  -  391 words
    • 214 5 AP CANADIAN Prime Minister Brian Mulroney's government was on the defensive on Tuesday after the powerful US Senate Finance Committee said all 10 Canadian provinces must implement the US-Canada Free Trade Agreement, or there would be no deal. The Senate committee, chaired
      AP  -  214 words
  • Page 5 Advertisements
    • 103 5 FOR SALE RETAIL SPACE FOR INVESTMENT (No restriction to foreigners) Total Area: 14,563 sq. ft. (1,362 sq. m.) (available in 3 strata titles) Located strategically on the ground floor within Bukit Timah Plaza in Bukit Timah Road, the space is an excellent investment opportunity The entire area is let to
      103 words
    • 84 5 <m c~t le wmmmm de branch Ir r f rr k. m v -r\ r A The finest French restaurant in town celebrates! Louis Outhier Festival May 16—22, 1988 The celebrated 'chef extraordinaire' is here to present the finest of culinary creations in the elegant ambience of le Restaurant de
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  • Page 5 Miscellaneous
    • 24 5 Doonesbury TMVSGKAT. T Jln?l i£y rnnti ssss- mfSSaiIN6OUTID (*■!»&<- ffj| HER! rms m m m lr.J i I a y..i BY GARRY TRUDEAU DONTVMHH% WADUOBRBM
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  • MONEY AND EXCHANGES
    • 293 6 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday. Period rates were firmer at the outset following a lower-than-expected U559.75 billion March trade deficit against February's U5513.83 billion gap. One month rose 1/16 point to 7\ 7% per cent, three months 3/16 point
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    • 1109 6 SINGAPORE: The US dollar closed lower yesterday on profit-taking and keen Japanese selling interest in quiet trading despite bet-ter-than-expected US March trade figures Sentiment for sterling remained mixed following »the half-point cut in the UK base rate to 7.5 per cent. Sterling fell below its technical support level
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    • 178 6 Gold futures on May 18 100 troy ounces. USS per troy ounce Op*«t High Lorn S«H* Moy ***** 456.60 456.60 455.50 0.60 Jun 456.00 458.50 453.30 456.40 0.40 Jut 458.40 0.30 Aug 459.50 462.00 456.50 459.90 0.10 Oct 464.50 467.00 461.50 464.50 0.10 OK 469 70 471.50
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    • 253 6 Reuter IMM currency futures closed sharply lower yesterday but off daily lows after hovering in a fairly narrow range in moderate trade most of the session. Currencies fell sharply early in heavy trade after the US Commerce Department reported a smaller-than-expected U559.75 billion trade deficit for March. Traders said
      Reuter  -  253 words
    • 87 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 11.8.88 3.50 3.45 3.49 3.40 6 months BY*****H 22.9.88 3.60 3.55 3.62 3.54 1 year BY*****Z 23.3.89 3.70 3.65 3.68 3.63 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • 185 6 Indicate* the average of the prime lending rates of 12 major banks In S'pore Average of prime or equivalent lending rate on May 18 London 7.5% Hongkong 7.5 N«w York 9.00% Bangkok »1.5 Tokyo 3.375 Jakarta 23 Zurich* 45% Kuala Lumpur 7.5 Fronkfurt* 4.5% Manila 15 Sydney
      185 words
    • 54 6 THE OVERNIGHT rate on the Singapore interbank market rose point to close at 3% per cent yesterday. S$ Interbank rates at 12 noon yester day: Offft wo Overnight 3 1/2 3 »/4 1 -month 3 9/16 3 7/16 2-month 3 5/8 3 1/2 3-month 3 11/16 3 9/16
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    • 511 6 EURODOLLAR futures on the Simex opened sharply lower yesterday than Monday's level due to a local holiday and a better-than-expected US trade deficit of U559.75 billion. Stronger exports imply a stronger first quarter GNP growth and higher interest rates outlook. The June contract eased to the low of 92.35
      511 words
    • 1529 6 CURRENCY FUTURES OPTIONS Wednesday, May 18, 1988 DEUTSCHEMARK (SIMEX) Mm 88 calls Jun M puts HWl LM S»tt Hlfl#l 1 taM 54 55 56 57 sa 59 60 61 62 63 CAB CAB CAB 94A 26A 8A 89 23 5 1 CAS CAB 398 1198 2158 1 7 37
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  • Page 6 Advertisements
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      114 words
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  • BANKING AND FINANCE
    • 548 7 Reuter JAPAN s major city banks are likely to post record profits for the year ended March 31, 1988 but concern over interest rates is clouding the outlook for the current fiscal year, industry analysts said. Falling domestic and international interest rates
      Reuter  -  548 words
    • 115 7 SINGAPORE WAREHOUSE Go (Pte) Ltd, a wholly-owned subsidiary of Hwa Hong Corporation Ltd. has tapped a $15 million term loan from the Singapore capital market. The five-year loan, bearing a fixed interest rate of 6.75 per cent per annum, is provided by the Mitsui
      115 words
    • 182 7 AFP DAI-ICHI KANGYO BANK earned the highest profits among Japanese commercial banks in the year ended March, financial sources said in Tokyo yesterday. Pre-tax profits of Dai-lchi Kangyo jumped to a record high of 295.0 billion yen (U552.36 billion) from 205.9
      AFP  -  182 words
    • 271 7 THE AMERICAN CLAIM that the currencies of the Asian newly industrialising countries are still too weak appears to be true only in the case of Hongkong, according to a study by DBS Bank. In its occasional paper, A medium-term outlook for the
      271 words
    • 387 7 AP SPAIN'S second-largest bank, Spanish Banco Central and the third-largest, Banco Espanol de Credito, have agreed to merge. By 1992, the enlarged group will be the nation's largest bank when the 12-nation European Community removes all barriers to capital movement.
      AP  -  387 words
    • 533 7  -  By DEXTER LEE OUTSTANDING hire purchase finance for motor vehicles hit a two-year high of $408.5 million last February, according to latest figures released by the Monetary Authority of Singapore. The MAS monthly statistical bulletin (March issue) shows motor vehicle loans granted by finance
      533 words
    • 544 7 Reuter BANK OF NEW YORK Co Inc's revised offer reopens the bidding war for Irving Bank Corp and may result in the most vicious battle yet, analysts in New York said. "Near-term, Irving has won board control, but Bank of New York's investment bankers
      Reuter  -  544 words
  • Page 7 Advertisements
    • 153 7 SHANGRI-LA INTERNATIONAL SHANGRI-LA EXECUTIVE ACCOMMODATION PLAN CHINA MALAYSIA Tl lAILAND THE EXECUTIVE ACCOMMODATION PLAN OFFERS YOU: Single or twin accommodation at the same special rate Daily breakfast Late check-out of 4pm No pre-payment required Shangn-La Family Plan. No additional charge lor child aged 18 years and under occupying the same
      153 words
    • 102 7 Where will today's high-tech industries tomorrow? At New Tech Park, Southeast Asia's first high-tech manufacturing complex H opening in late 1988. With integral lighting, suspended ceilings and air-conditioning. Prestigious industrial space, set in a landscaped park in Lorong Chuan. Knight Frank Cheong Hock Chye Ballieu can get you there. Just
      102 words
  • Page 7 Miscellaneous
    • 668 7 CRYPTIC PUZZLE ACROSS 4 A book slim as can be (6) 7 Though generally affectionate. it suggests that nothing is for nothing! (4. 4) 8 Like a carrot, it's spicy! (6) 10 His figure is seen in a stormy sea! (5) 13 A worker's measure (4) 14 She'll go North-East
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  • COMMODITIES
    • 421 8 Significant rise in exports expected Reuter INDONESIA, the world's second largest producer of natural rubber, is moving into downstream manufacture of rubber products which could significantly expand exports of finished goods and boost domestic consumption of latex over the next two years, say industry officials.
      Reuter  -  421 words
    • 130 8 Reuter THE BRITISH Court of Appeal on Tuesday granted creditors of the International Tin Council (ITC) leave to appeal to the House of Lords in their attempts to recover losses suffered in the 1985 collapse of the market direct from ITC member
      Reuter  -  130 words
    • 248 8 Reuter EUROPEAN COMMUNITY officials has told Guyana's President Desmond Hoyte that the bloc could not pay higher prices to Third World sugar producers while demanding sacrifices from its own farmers. An EC spokesman said Development Commissioner Lorenzo Natali told Mr Hoyte the community
      Reuter  -  248 words
    • 212 8 Bernama IRAN HAS INDICATED interest in initially buying 5,000 tonnes of palm oil from Malaysia following its decision to revoke a decadelong ban on the import of the commodity. Malaysian Oil Palm Growers Council chairman Datuk BekNeilsen said details of the purchase,
      Bernama  -  212 words
    • 56 8 AFP PHILIPPINE copper production rose to 18.870 tonnes in January, up 6.7 per cent from a year earlier, the industry association said. Four of the country's seven primary copper producers boosted their output to take advantage of favourable world market prices, spokesmen for the Chamber of
      AFP  -  56 words
    • 380 8 HONGKONG: The metal closed slightly lower in quiet two-way trading yesterday, dealers said. They said profit-takers and short-coverers alternated in a day of directionless activities, while investors shrugged off a surprisingly small US trade deficit of U559.75 billion in March, against February's shortfall of U5513.83 billion. Bullion ended
      380 words
    • 204 8 Chinese Produce Exchsnge Sellers' noon doting prices on May 18 (S$/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 N*w drum FOB 121.00 Copra Mi»*d (loos*) 62 Pepper Wwrj Morrtofc whit* FOB NIW 1125.00 Sarawak whit* FOB foq NIW 1110.00 Sorowak special block FOB NLW 65S.00
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    • 240 8 SOYBEAN FUTURES on the Chicago Board of Trade closed mostly higher on Tuesday with fresh contract highs that were set across the board just after midday. Prices ended up to 214 US cents per bushel with only nearby August and distant May showing slight losses. July finished 214 cents
      240 words
    • 229 8 WHEAT FUTURES on the Chicago Board of Trade closed on a weak note on Tuesday, with prices off one to four US cents a bushel, on or near session lows. July finished 214 cents lower at US$3 25* Traders said late profittaking depressed prices especially in the new crop
      229 words
    • 314 8 London Commodity Exchange Buyer/Seller dosing prices on May 17 (£/tom« unless specified). Previous closing prices in parenthesis. CoffM Basis in-itore London, sellers option CIF London May 1080/1082 (1098/1099) High/Low 1098/1074 M 1097/1098 (1112/1114) High/Low 1113/1090 Sates (3879) Cocoa May 905/908 (887/889) High/Low 905/889 M 921/922 (902/903) High/Low 922/905
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    • 96 8 THE CRUDE MARKET for Indonesian grades gained yesterday on good beginning interest and limited supply. Product prices stagnated as players stayed on the sidelines. Closing prices for crude (FOB origin) USS/borr^ Change Topil iMoyl 17.00 untfi **ino» (Moy) 16.36 0.08 Oubo. (June) 15.20 0.10 W«tt Tnoi WTI
      96 words
    • 66 8 ROTTERDAM Closing prices on Moy 17 Polm oil crude Sumatra/M'sia »elten option (US$/tonne) May 425* (425*) Jun 425* (425*) Palm oil PRO FOB (Ms/tonne) May 402.5* (402.5*) J«n 400* (400*) Oiein PRO FOB (Ms/ronne) May 412.5* (402.5*) iun 410* (410*) Stearin PRO Poram M'lia CIF Rotterdam (Ms/tonne) **oy
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    • 75 8 TOKYO Rubber futures closed lower on profit-taking yesterday after advancing earlier this week, some dealers said. Prices were unchanged to 1.8 yen per kg lower. Operators liquidated some long positions but most expect the market to remain bullish in the short term on continuing strong industrial demand, some dealers
      75 words
    • 72 8 Reuter NEW ZEALAND s raw wool exports have fallen sharply especially to China but the decline was not unexpected because less wool was available, according to the New Zealand Wool Board. It said in an export review yesterday that exports fell 19 per cent to
      Reuter  -  72 words
  • Page 8 Advertisements
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      171 words
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      171 words

  • FOCUS
    • 1645 9 South Korea is increasingly worried about the threats facing its economy. Rising labour costs, the won's strength and the West's growing protectionism are pushing Seoul manufacturers into moving upmarket. Meanwhile, the country's trade partners are clamouring for the dismantling of its trade barriers. FT
      FT  -  1,645 words
    • 1478 9  -  By ROBIN PAULEY FT FOR YEARS, South Korea battled away in the maelstrom of world trade, stacking up trade deficits and mountains of foreign debt. Two years ago, the current account balance moved into surplus and then the pressure really began. The
      FT  -  1,478 words
  • Page 9 Advertisements
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      31 words

  • PERSPECTIVE
    • 477 10 Program trading? no deal THE DEATH KNELL rang on Wall Street for program trading last week. Three more big securities firms announced they were abandoning the use of sophisticated programmed trading strategies for their own account. At least three other investment houses had already sworn off high-tech trading, which uses
      477 words
    • 1422 10  -  iy-_ y lEWPOINT By HARISH MEHTA THE SHADOWY superspooks of the CIA and the mean machine, the KGB, have long been the butt ot jokes. I remember one particular episode involving the Americans. Some years back, a plot was uncovered in which former Indian
      1,422 words
    • 1179 11  -  British Prime Minister Margaret Thatcher said on Tuesday that she supported the broad policy aims of her Chancellor of the Exchequer Nigel Lawson. However, economists are quick to assert that the policy debate over appropriate levels for the pound and for British
      IHT  -  1,179 words
  • Page 10 Advertisements
    • 321 10 These give you high-performance personal computers. Intel* *****-20 Intel* *****-20 later *****-16 Intel* ***** 12 Intel* *****-12 COMPAQ personal computers offer far more than advanced, high-speed microprocessors. Each offers a combination of innovative features which work with the processor to maximize overall system performance. So there's nothing to slow you
      321 words
  • Page 10 Miscellaneous
    • 29 10 "fae (Xap obvious L.y t*>nvt Pk meHTio>u block isBRISTOU). CiGHT&jfm in UN£ foK V cH»6F eovefT RnStCttTftaak ntrfane "THe N£yr £00R ON thc Right is t h£ Buying Depp»RTrneNT
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  • Page 11 Advertisements
    • 276 11 These give you the highest-performance personal computers. helps you protect that data with internal highspeed fixed disk drive tape backup systems. Another graphic example of Compaq total system performance comes from the COMPAQ Video Graphics System. This system supplies VGA graphics with high-resolution COMPAQ Color and Monochrome Monitors along with
      276 words

  • SPORTS & LEISURE
    • 321 12 Reuter IRAN BARKLEY has promised to knock out World Boxing Council middleweight champion Tommy Hearns in their June 6 title fight. "I'll guarantee this much," said Barkley from his training camp in New York state on Tuesday. "The fight won't go the scheduled 12-round
      Reuter  -  321 words
    • 161 12 AP UNBEATEN European heavyweight boxing champion Francesco Oamiani will fight American Tyrell Biggs on his way towards a possible bout against world champion Mike Tyson. Italian manager Umberto Branchini said in Milan on Tuesday. The 10-rounder between the 29-year-old Italian and Biggs will be
      AP  -  161 words
    • 458 13 Reuter THE US COAST GUARD has decided not to investigate how possibly the world s bestKnown yachtsman. Dennis Conner. came to capsize his catamaran and spend 20 minutes dog paddling. Conner, winner of the America's Cup, and his five-man crew escaped injury last Sunday after
      Reuter  -  458 words
    • 440 13  -  By CHARLES SAVAGE STRIKES, SPARES and splits can be bowled to perfection with a new pin-setting machine being introduced in Singapore for the first time. Called GSIO, the machine uses a small computer that allows a bowler to choose any combination of pins
      440 words
    • 242 13 Agencies SWEDEN beat West Germany 2-1 and Czechoslovakia downed Spain 2-1 at the World Team Cup tennis tournament in Duesseldorf, West Germany, on Tuesday. France completed a 2-1 victory over Argentina when Thierry Tulasne beat Eduardo Bengoechea 6-3, 6-4. Favourite Sweden had to wait
      Agencies  -  242 words
    • 246 13 Reuter RICHARD HADLEE, who once said he would never again play in India, is set to return there with New Zealand for its tour starting on Nov 1. All-rounder Hadlee's change of heart has been prompted by the opportunity to become
      Reuter  -  246 words
    • 95 13 Reuter ASIF DIN, the 27-year-old Ugandan-born batsman, hit his highest score in English county cricket to pull Warwickshire out of trouble on the first day of its four-day match against Northamptonshire on Tuesday. His 131 in five hours at the crease enabled Warwickshire i i to
      Reuter  -  95 words
    • 91 13 UPI JIMMY CONNORS has withdrawn from next week's French Open because of an injured right foot, his representatives announced in Washington on Tuesday Connors initially hurt the foot before last year s US Open. The injury worsened three weeks ago at the AT&T i
      UPI  -  91 words
    • 183 13 URU DANNY SULLIVAN took his in the Penske team practice car*l on Tuesday and Scott and Mario Andretti worked irn« their qualified machines at Indianapolis Motor Speedway. Twenty-nine cars on the four-km Oval for the*. 72nd Indianapolis 500. N)ne£
      URU  -  183 words
    • 523 13 Agencies THE LOS ANGELES LAKERS and Dallas Mavericks moved within a victory of the Western Conference finals with tight wins on Tuesday. Defending champion Lakers once again struggled against Utah before squeezing out a 111-109 decision. Los Angeles, seeking to become the
      Agencies  -  523 words
  • Page 12 Advertisements
    • 902 12 4 COURyOISIERXO-Where to eat, drink... t BARBEQUE 'N' FASHION SHOW, a double pleasure, by the POOLSIDE, food served 7pm 10pm showtime 8.15pm, every Thursday and Friday. Select from a variety of: salads and dressing, vegetables, meat seafood and desserts. Not forgetting choice of coffee or tea. $1650++ per adult $10.00
      902 words
    • 170 12 ■■it' Frnich connection The culinary favourites of Franee are yours to enjoy from May 1 31. With Fines de Claires, Canard a T Orange, Quiche Lorraine, Escargot au champignons, Coq au vin rouge, Crepes Suzette and more! Make the French connection for just 15* for children. PncKsxubrct lu 10% tervtoe
      170 words

  • Page 13 Advertisements
    • 570 13 and entertain 4 Your Favourite Melody Melody, the popular Filipino trio, is back performing in the Fountain Lounge. Meet Dolly Barretto, lead singer, who creates a dynamic impression with her vibrant stage presence and remarkable voice. Brothers Bert Neri. on piano and Lino, on guitar, add the beat and harmony
      570 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4773 14 THE LOCAL stock market firmed up yesterday, buoyed by optimism from the lower US trade deficit figure released on Tuesday. Volume was also higher due partly to the closure of the Malaysian stock exchange for the Hari Raya holidays. The Straits Industrial Index gained
      4,773 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 405 15  -  By WILLIAM CHIA TRACTORS Singapore Ltd, a member of the listed Sime Darby group, has been awarded a $6.4 million lift truck order by the Port of Singapore Authority. The order calls for Tractors Singapore to supply 231 units of the
      405 words
    • 427 15 THE CASH HOLDINGS of Shell Refining Company (FOM) were drawn down last year to finance the construction of facilities relating to three major projects worth about MslBo million ($l4O million). Shell's latest annual report said the company's cash and bank
      427 words
    • 3793 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".
      3,793 words
    • 309 15 Managers' prices for May 19 Singapore Unit Trust The Commerce 092 C»8* The Sov.ngs Fund 081 087 S pore Prog Fund 0 39 0 43 S pore Sec Fund 064 0 69 S pore Invei' Fund 0 68 0 73 S pore Equity Fund 0 46 0 SO
      309 words
    • 779 15 Move follows unsuccessful tender for Darling Harbour project MBT GENTING International Ltd's immediate priority is to invest its large cash resources, now that funds earmarked for the unsuccessful Darling Harbour project are at its disposal. A GIL spokesman said although no specific
      MBT  -  779 words
    • 375 15 MBT FOOD and beverage group Yeo Hiap Seng (M) is taking advantage of the weakening ringgit to step up its marketing efforts to carve out a bigger share of the export market. This will be achieved through participation in more
      MBT  -  375 words
  • Page 15 Advertisements
    • 1022 15 Scotia bank THE BANK OF NOVA SCOTIA (Incorporated in Canada with Limited Liability) Not* All figures quoted in Canadian dollar* (thousands) CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES A* et October SI CONSOLIDATED STATEMENT Of INCOME For the Financial Year hM October 31. INT Cosh and deposits with Bank of Canada
      1,022 words

  • REGIONAL MARKETS
    • 344 16 FT MICHELIN TIRE, the world s second largest tyre maker, is establishing a joint venture with Okamoto Industries to produce tyres in Japan. The move, which comes only two weeks after Bridgestone, the leading Japanese tyre maker, purchased Firestone of the
      FT  -  344 words
    • 335 16 Reuter ICI AUSTRALIA Ltd is ready for growth after lifting its interim net profit 41 per cent and productivity 20 per cent, says chief executive Michael Deeley. The 62.4 per cent-owned associate of Imperial Chemical Industries Pic earlier reported that its
      Reuter  -  335 words
    • 200 16 AFP HATTORI SEIKO, one of the world's largest watch and clock producers, reported pre-tax profits for fiscal 1987 of 517 million yen (US$4.l3 million), after losses of 1.30 billion yen (US$lO.4 million) the year before. The figure for the year to fiscal 1987 was a
      AFP  -  200 words
    • 502 16 Reuter SIXTEEN foreign securities houses will be able to reach for bigger slices of the huge Tokyo stock market pre from May 23, when they can officially start trading as members of the Tokyo Stock Exchange (TSE). Prices and volume in Tokyo
      Reuter  -  502 words
    • 63 16 AFP JAPAN'S Kyocera Corp announced on Tuesday a 24.1 per cent increase in pre-tax profits to 42.6 billion yen for the year ending March 31, 1988. Sales rose 11.8 per cent to 271.17 billion yen. Kyocera officials predicted pre-tax profits of 52.6 billion yen
      AFP  -  63 words
    • 131 16 AFP JAPAN'S Nissan company has drawn on technology used in aircraft instrument panels to develop car dashboard information that allows the driver to keep his eyes on the road all the time. The car manufacturer is to introduce the innovative "Head Up"
      AFP  -  131 words
    • 202 16 FT PIONEER ELECTRONICS. Japan's leading audio equipment maker, recorded a sharp recovery in profits in the six months to March, on the strength of steady exports, stronger domestic sales and cost-cutting exercises Pre-tax profits at parent company level rose 40 per cent to 10.1
      FT  -  202 words
    • 143 16 Reuter HONDA MOTOR Co Ltd will gradually halt all exports from Japan of its 1500 cc three- and four-door Civic models to North America and produce them in Canada and the US instead, a company spokesman in Tokyo said on Tuesday. Its wholly-owned
      Reuter  -  143 words
    • 118 16 AFP NISSAN DIESEL Motor Co. Japan's top truck maker, said on Tuesday it had agreed with Navistar International Transportation (NIT) of the United States to study prospects for joint truck production. A Nissan spokesman said the company was considering a joint manufacturing
      AFP  -  118 words
    • 298 16 Reuter THE NEWS CORP Ltd has said the rise in net profit for its first three quarters was mainly due to income from acquisitions in Australia and the Pacific Basin, higher profits from Australian and British publishing operations and foreign exchange trading gains. These
      Reuter  -  298 words
    • 1447 16 Hongkong HONGKONG stocks closed barely changed yesterday in thin and directionless trading, brokers said. The market opened mixed with share prices almost unchanged. The huge drop of the US trade deficit surprisingly did not stir overseas markets to move up positively but rekindled concern over a
      1,447 words
    • 76 16 Reuter CANON INC and National Semiconductor Corp of the US have reached an agreement in principle to develop a 32-bit microprocessor jointly. The processor will be used in Canon's domestically produced laser print- ers, a Canon spokesman said in Tokyo on Monday. Canon
      Reuter  -  76 words
    • 496 16 Reuter TOKYO share prices closed easier yesterday on rekindled concern over a possible rise in US interest rates, aggravated by Wall Street's decline overnight after news of a sharply narrower US March trade deficit, brokers said. "It does seem like interest rates in the US are on an uptrend."
      Reuter  -  496 words
    • 398 16 Reuter THE AUSTRALIAN share market closed strongly higher yesterday on news of further good local profit reports and Australia's vastly improved current account deficit. Brokers said the market closed off its earlier highs but turnover was quite solid. "The market certainly maintained the momentum of the morning and performed
      Reuter  -  398 words
    • 168 16 Reuter THE SECURITIES Exchange of Thailand Index rose 064 to 425 65 on a turnover of 5,824.685 shares worth 690.33 million baht. Reuter MAY 11 BAMT h Ao Kham Thai 254 Avudhya Invaatmant 406 2 4 Bangkok Agro-lnd Bangkok Bank Bank Of Ayudhya 138 356 3S6 -2 25 unch
      Reuter  -  168 words
    • 287 16 MAY u NT 1 1All Sincere Indus 4 90 4-0 03 Asia Cwnant 87 00 -2.5 Cathay Cons 110 00 -2.5 Chang Hwa Bank 441 00 -13 Chang Loong 54 00 -1 Chia Hain Cement 7300 -2 Chin Hain Flour 25 60 -03 China Cham 54 00 -1.5 China
      287 words
    • 99 16 MAY IS Acoi* Mining Anglo Phil Ap«x Mining B AtlM Con 0 pesos 0 011 0 035 23 *h •>•0 001 uncfc *0 5 Baguio Gold Bute Petroleum 0 016 0 001 B«ngu«l Con B 85 3 First Ptiil Hldgt 930 unch Lepanto B 0 47 uncfi Marcopp*r 070
      99 words
  • Page 16 Advertisements
    • 219 16 MM* OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME We, Tim Marine Services Pte Ltd 80 Marine Parade Road, #10-06 Parkway Parade, Singapore 1544, hereby give notice that we have applied to the Registrar of Singapore Ships under Section 417 of Merchant Shipping Act (Cap. 172) In respect of the
      219 words
    • 175 16 OFFICIAL NOTICE PROPOSAL TO CHANGE A SHIP'S NAME We, Acmes Bunkering Services Pte Ltd, of No 1 Marine Parade Central #09-06. Parkway Builders Centre Singapore 1544, hereby give notice that in consequence of our intended purchase of the vessel MT TAIKO MARU NO 3, we have applied to the Registrar
      175 words
    • 10 16 Keep your investment decisions on target r*HAßXPonrip L#EVEB7 SATURDAY A
      10 words

  • WORLD MARKETS
    • 1054 17 New York Reuter WALL STREET stocks slumped in late trading to close broadly lower on Tuesday, driven down by tumbling bond prices and getting little support from the dollar. A surprisingly low March US trade deficit sparked an early rally which fizzled out amid inflation
      Reuter  -  1,054 words
    • 1006 17 London Reuter LONDON shares opened lower yesterday, reflecting the trend on Wall Street after the unexpectedly low March US trade gap news on Tuesday triggered inflation worries, dealers said. The FTSE 100 Share Index opened 8.6 down at 1,780.6. On Tuesday, the FTSE 100 Index was up
      Reuter  -  1,006 words
    • 1338 17 Selected indices HONGKONG All Industrials Hongkong Index Wednesday T uesday 2 350 8 2.329 7 Wednesday 1 -673 Week ogo 2 2806 T uesdoy ,673 63 Week ago 1.674 66 NEW YORK Hang Seng Index Dow Jones Wednesday 2.533 26 Tuesday 1 986 41 Tuesday 2.***** Monday 2007 63 Week
      1,338 words
    • 64 17 UPI GUINNESS AMERICA INC. the Guinness US-based holding company, has announced its intention to divest itself of the wine production firm Sonoma Vineyards, which it acquired last year. Guinness, which recently announced the sale of the wine production and marketing assets of its Somerset Group, has
      UPI  -  64 words
    • 809 17 Texas group makes unsolicited USsl.6b offer NYT THE ROBERT M BASS group of Texas said in New York on Tuesday that it had made an unsolicited offer to acquire Macmillan Inc, the New York-based publishing and information services company, for US$64 a share, or
      NYT  -  809 words
    • 76 17 Reuter AUSTRIAN AIRLINES said it would not oppose plans by Swis-sair-Schweizerische Luftverkehr AG to seek a stake in the carrier when it is part-privatised later this month. Earlier. Swissair said in Zurich that it would seek a holding in Austrian Airlines, in which a 24
      Reuter  -  76 words
    • 184 17 Reuter MORE THAN 1,000 people marched on Parliament in London on Tuesday to protest against a £2.1 billion bid by Swiss food giant Nestle SA to buy Rowntree PLC, makers of some of Britain's most popular candies. The marchers came from cities where Rowntree
      Reuter  -  184 words
    • 482 17 AP THE WHITE HOUSE on Tuesday defended an administration report on the stock market crash after it drew a cool reaction in Congress. Presidential spokesman Martin Fitzwater called the document an "excellent report" and said President Ronald Reagan feels its recommendations are sound. "We
      AP  -  482 words
    • 241 17 UPI THE UPJOHN CO of Kalamazoo, Michigan, and Beecham Group, a London health and personal care company, on Tuesday announced agreement to market jointly a new clot-dissolving treatment for heart attack patients. The Beecham product will be sold under the same brand name
      UPI  -  241 words
    • 291 17 FT THE CAR INDUSTRY in the European Community (EC) has the potential for making savings of around ECUS 54 billion (US$6.B billion) if the single European market is established after 1992. According to a study funded by the European Commission as
      FT  -  291 words
    • 274 17 NYT THE GIANT GROUP Ltd, the entertainment and industrial products company controlled by Burt Sugarman, said in Los Angeles on Monday that it was negotiating to sell its cement and wasteburning business to the Environmental Treatment and Technologies Corp for US$llO million
      NYT  -  274 words

  • 609 18  -  $50m project to reflect Tang Dynasty era By TONG SUIT CHEE A $50 MILLION movie town and cultural village, to be run jointly by Singapore Broadcasting Corporation and a Hongkong television station, will be Singapore's new star attraction in two years.
    609 words
  • 423 18 Reuter UNITED STATES Treasury Secretary James Baker said the near-term prospects for global economic growth are encouraging, but Europe. Japan and the US all need to remove the structural rigidities that form barriers to sustained growth in the medium term. European countries have
    Reuter  -  423 words
  • 375 18 Reuter CHINESE and Soviet generals have met to discuss border issues in what is believed to be their first formal contact since their forces clashed on the frontier in 1969, Soviet bloc sources said in Beijing yesterday. The generals and other senior
    Reuter  -  375 words
  • 364 18  -  By MARTIN SOONG THREE DETAINEES in Internal Security Department custody since April 19 were released last night, some 14 hours before the expiry of the statutory 30-day initial detention period which began upon their arrest. At the opening of a High Court
    364 words
  • 89 18 Reuter COMEX GOLD futures drifted slightly higher yesterday on small lot buying by local traders, with the market-making bulk traders sidelined prior to opening indications for Chicago Board of Trade grains. June gold was ahead US$O.3O at U*****.70 an ounce which was short of Tuesday's high
    Reuter  -  89 words
  • 415 18 AP COMPUTER GIANTS warred openly on Tuesday over control of a computing standard that is touted as the key to making computers as easy to connect as telephones Seven companies four American and three European announced the formation of an Open Software Foundation
    AP  -  415 words
  • 294 18 Reuter INCREASED imports pushed Taiwan's gold reserves in March to a record 11.1 million troy ounces, worth US$4 2 billion, central-bank governor Chang Chi-cheng said yesterday. "We will continue to buy gold at appropriate times." he said. March figures compare with 5.63 million ounces
    Reuter  -  294 words
  • 151 18 Reuter EUROPEAN COMMISSION president Jacques Delors pledged on Wednesday that the European Community would not retreat into a protectionist fortress as the result of plans to create a single internal market by 1992. "There will be no Fortress Europe," Mr Delors said in
    Reuter  -  151 words
  • LATE FILE
    • 47 18 Reuter MITSUI and Co Ltd and Societe Generate de Surveillance SA of Switzerland have agreed with the China National Import and Export Commodities Inspection Corp to cooperate in setting up a quality control centre for Chinese export products, a Mitsui spokesman said.
      Reuter  -  47 words
    • 67 18 AF A SINO-AMERICAN joint venture established in Beijing on Tuesday aims to facilitate trade between China and the US by serving as both consultants and partners in joint venture projects. "The objectives of ACB International Ltd are basically to serve as a catalyst to promote trade between
      AF  -  67 words
    • 51 18 Reuter LEO A DALY, a US architectural firm, will join forces with two Japanese companies to enter a design competition for a terminal building at Osaka's Kansai International Airport, an official at one of the two local firms, Nihon Architects, Engineers and Consultants Inc. said.
      Reuter  -  51 words
    • 39 18 Reuter THE 10-day siege of the Golden Temple in Punjab by Indian security forces ended yesterday when 45 Sikh separatists besieged in the inner sanctum surrendered. At least three others took poison rather than surrender.
      Reuter  -  39 words
    • 31 18 AFP PAKISTANI President Mohammed Zia ul-Haq will make a long-awaited official visit to China from May 30 to June 7, a foreign ministry spokesman said yesterday.
      AFP  -  31 words
    • 34 18 AFP INDIAN troops have sealed the Tamil Eelam Liberation Organisation office's in Mannar town in northern Sri Lanka and arrested 25 of its members, a rebel spokesman said yesterday. AFP
      AFP  -  34 words
    • 38 18 AP FIRE ERUPTED at a major suburban Manila department store and raged out of control until yesterday morning, almost 12 hours later, fire officials said. At least seven people were injured. AP
      AP  -  38 words
    • 38 18 UPI POLICE firing teargas and wielding clubs yesterday dispersed some 5,000 stonethrowing followers of ousted president Ferdinand Marcos as they marched to the Presidential Palace to demand the exiled strongman's return, witnesses said. UPI
      UPI  -  38 words
  • Page 18 Advertisements

  • SHIPPING TIMES
    • 383 19  -  Tactics will be used later in the year By LILIAN ANG AMERICAN President Lines will introduce a computerised system soon to enhance its stowage planning and vessel relay planning operations in Singapore. The new system, part of an in-house programme called Tactics,
      383 words
    • 320 19 Reuter THE THAI government has cancelled a deal it said was costing the country's exporters billions of baht by causing long delays at Bangkok Port. Thai Communications Minister Banharn SilpaArcha ordered the Port Authority of Thailand (PAT) on Monday to end a
      Reuter  -  320 words
    • 249 19 AP A JAPANESE-OWNED chemical carrier was attacked yesterday by Iranian gunboats in the Strait of Hormuz, the first Iranian attack since Iraq stepped up its campaign to cut off its foe's oil lifeline. Gulf-based shipping executives reported that the 6,730-ton Ace Chemi put
      AP  -  249 words
    • PORTSIDES
      • 56 19 Reuter WITASS, The Association of West India Trans-Atlan-tic Steam Ship Lines, will raise freight rates by US$5 per freight ton with effect from Aug 1. It increased freight rates in August 1987 to raise revenue, but said this was only partly effective and a
        Reuter  -  56 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): 'KM Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Ct)o Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Dlafcarta Lloyd Nedlloyd
      163 words
    • 547 20 UPI A SPANISH tanker attacked by Iraqi jets over the weekend at an Iranian oil terminal suddenly exploded as it was tended by four tugboats, leaving at least seven crewmen missing, officials said. Shipping insurer Lloyds of London said the Spanish tanker Barcelona exploded
      UPI  -  547 words
    • 540 20 Fairplay UNLIKE many countries, shipping research is not regarded with scorn in Japan to be undertaken by a wretch passed over for corporate advancement. Research forms the basis of investment decision of companies. Nippon Yusen Kaisha, Japan's leading shipping company, boasts of a research
      Fairplay  -  540 words
    • 799 20 AB Shpg V 5 ABC Container IX I Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpf II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      799 words
    • 132 20 Reuter LLOYDS MARINE insurers could face substantial insurance payments on Gulf tankers attacked by Iraqi jets over the weekend, shipbrokers said. The Hongkong-owned Seawise Giant, the world s largest tanker, (564,739 deadweight tonnes) is likely to be declared a total loss,
      Reuter  -  132 words
    • 314 21 Lloyd's List GENERAL Electric Capital Corporation (GECC). holder ot second mortgages on eight former United States Lines (USL) container ships, has failed in a bid to have the celebrated US$92 8 million decimal point case transferred from New York to California The
      Lloyd's List  -  314 words
    • 275 21 UPI FIRE GUTTED a Soviet passenger ship docked at the Osaka port on Wednesday killing 11 people and injuring 35, the Osaka prefecture police said. Police said one person was missing. The ship, the Priamurge. was carrying 295 Soviet passengers and 129
      UPI  -  275 words
    • 61 21 A NEW attempt will be made to draw up an international agreement on rules for maritime liens and mortgages. Talks opened on Monday at the London headquarters of the International Maritime Organisation on the proposals for reviewing the existing system. The United Nations Conference on
      61 words
    • 270 21  -  From Kingsley Wood THE CONVENTIONAL mentality of Australian shippers was to regard the middleman in the transhipment of cargo as an exploiter. It was a mentality that could prove costly, said chairman of the Singapore National Shippers' Council Freight Committee. Mr
      270 words
    • 183 21 AFP FRENCH shipping interests now dominate the South Pacific waters following the recent acquisition of the region's largest shipping organisation line. The monthly Islands Business magazine reported that French shipping group Delmas had acquired 40 per cent of the New Cale-donia-based Sofrana Unilines. Delmas
      AFP  -  183 words
    • 265 21 JAPANESE shipowners have won an 11 per cent cut in annual marine hull insurance premium payments. Local insurers, via the Japanese Hull Insurers' Union, have agreed to the reduction on last year's total of 39.6 billion yen (US$3lB million) after accepting the owners' argument that
      265 words
    • 220 21 ALL SURVEYS were conducted on May 3 Argentina Buenos Aires. Bahia Blanca Normal operation. Australia All ports Normal operation. Bangladesh Chittagong 20 vessels operating. Brazil Salvador and Santos Normal operation. Cameroon Douala Normal operation. Chile All ports Normal operation. China Dalian. Xingang, Huangpu Normal operation. Colombia All ports
      220 words
    • 7612 26 QQGaBIDQOLB A guide to ships loading at Singapore tor 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
      7,612 words
    • 126 26 TMs wookly report is prepared by Veritas Pstroisum Ssrvicss, London. Tho information, minimum and maximum lovoto, la—, baaod on limited a—plaa from motor voaaoto snalysod in its laboratorlos. More comprehonshrs fuol quality informatipn postod to participants in tho Voritas fuol quality tasting pro- Z.~ Area/Port Viscosity
      126 words
    • 1477 27 AT CONVENTIONAL WHARVES Berth Arrival Departure KEPPEL WHARVES Equator 1* *23 aiongs.d* I»05 0700 I'oohXf *21 IfOSOtOO J# ior *22 olongs,d* *****700 *o»o Mego* *32 010<<91<4* 21 OS 2369 *"4 M*rob. *26W 0'0"91.<J« 20 06 2300 «,o«.o *20 olongsid* 2306 0600 N*d Alkmoor *18 olongsid* 20 05
      1,477 words
    • 1546 28 Moderately active time-charter business enlivened an otherwise very dull freight market on Tuesday with grain fixing out of the US still slow To develop ship brokers said Several period time charter bookings were reported with U5514,250 daily said to have been paid tor a 103 000 ton combined
      1,546 words
  • Page 19 Advertisements
    • 797 19 J o,o° \7 hu TIMES STP Distributors Times PuMu/unf Croup OOCL OfytM OnQE«i CmUiM/i LINE WW/ «gents JARDINE SHIPPING AGENCIES (Reg No *****4/ OOK) 700 Cantonment Road #12 05 Southpoint. Smgjpo'e 0208 Tel *****! 1 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE
      797 words
    • 94 19 Spanish tanker explodes off Larak Island, Page II mm A SPANISH tanker attacked by Iraqi jets over the weekend at an Iranian oil terminal suddenly exploded as it was tended by four tugboats, leaving at least seven crewmen missing, officials said. Page II GENERAL Electric Capital Corporation (GECC), holder of
      94 words
    • 590 19 THE SPECIALIST IN t Lashing Materials INTERMARINE SUPPLY 00. (PTE) LID. TEL MB (I UNES) TLX MCCO M MB FAX: *****7 MAERSK LINE MAERSK LINE SHORTENS THE JOURNEY 24 DAYS TO NEW YORK THIS week Anders M Closing Time CY 25/5 2300 HRS CFS 25/5 1300 HRS To Europe UK
      590 words

  • Page 20 Advertisements
    • 651 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT KAQA OSAKA BAY LIVERPOOL BAY LARGS BAY HONG KONG EXPRESS CARDIGAN BAY RHINE MARU HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG, MALMO. HELSINKI. OSLO. AMSTERDAM, CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING 27/5
      651 words
    • 19 20 Lines and services represented by A Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. V
      19 words
    • 538 20 AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO Mr^MLIJMLLLIi!JI Ml i l t irrT,Ml '.wii'inra AmlVans. l.u'Dr STAR MAGNATE VI [FiirTTairzTTa BY FEEDER VESSEL ACCEPTING CARCO TO ATLANTA. SAVANNAH. BALTIMORE. MIAMI. TAMPA. OTHER U.S. EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARCO TO CENTRAL/SOUTH AMERICA CRISTOBAL. PUERTO CABELLO,
      538 words

  • Page 21 Advertisements
    • 882 21 The Straits Steamship Group T7=r\ Mansfield Container Shipping Re Ltd p&O Containers (ToNTAIfCRSHIP SERVICE TO UK/COfUMNT 7 Also Accepting Cargo For: Hamburg to Coptnhafefl tardus. Gothenburg *11 mo Stockholm. Helsinki. Sonderburf Rotterdam to Antwerp. Amsterdam. Oslo Basle. Zurich Bremenhaven to Bremen Southampton to all UK destinations. Belfast and Ouklin (CONTAINERSHIP
      882 words
    • 519 21 EUROPE SENATOR UNIE General Agent: USA/PANAMA id ACCEPTItt CARGO TO FRORI SRI. LAI CHL. MIA. Ml TAB iTC. AHO ML AMD NFK OTHER PORTS 01 REQUEST ACCEPTIM CARGO TO FWOW HAM ME OTHER UK PORTS Oil WEQUEST TO USA/CANADA WEEKLY FULL CONTAINER SERVICE FEEDER P JEFFERSON 147 P MADISON V
      519 words

  • Page 22 Advertisements
    • 416 22 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN TAKHTI IRAN VAHOAT Singapore 1 It »5 Loading for BANDAR ABBAS BANDAR ABBAS JAPAN/KOREA SERVICE Singapore 30/S loading for JAPAN KOREA pl KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 15/6 LAE. PMB. RBL, HRA
      416 words
    • 578 22 LINE ls»tt SMM'KC Cf FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ "J Member ot the Ace Consortium HJUV CONI AINIRISED 10 fROM NORJH AMfRICA WES! COAST •FDR/MOTHER VESSEL SSB 651 KOREAN WONIS SUN 70E SSB 6SE/HANJIN BUSAN IOE KCH KOREAN WONIS ONE 79E KCH 36E HANJIN POHANG 79E ACO HE
      578 words
    • 254 22 fek freight links express PTE LTD DIRECT SERVICE TO KOBE: SAILING 30/5 EURO-AFRICA SERVICES FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS. TUNIS. VALLETTA, IRUN, CEUTA, ALGIER 8 ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE 5 MADANG NEW CALEDONIA FIJI ISLANDS NOUMEA 2/6 SUVA/LAUTOKA 2/6 AUSTRALIA/ NEW ZEALAND
      254 words
    • 969 22 ©EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) PROVIDENCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON. BERMUDA ETC 2) ATLANTA. CHICAGO DETROIT COLUMMJS t OTHER MAJOR MICROBRiDGE DESTINATIONS CRISTOBAL BALBOA PANAMA CITY. COLON LIMON CURACAO VIA KINGSTON MONTREAL TORONTO VIA NEW YORK VESSEL EVER GRADE
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  • Page 23 Advertisements
    • 945 23 v PACIFIC INTERNATIONAL LINES \W\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE HTC HITACHI NGO NAGOVA. PGO PASIR GUOANG ACCEPTING MORORAN CARGO VIA HKG JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE SBV SMG SIN IN PT OMIT 24/5 2«/5 28/5 31/5 2 It 4/6
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    • 560 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT Kigi In Po Oialu Ba> 22 i Liwfpod Ba» 7S/5 Largs Bay 30 5 Hongkong Eigreu 44 Cardigan Bay 114 Rhine Maru 174 Totic Eipresi 224 Frantfurl Eiprtu 244 Mambu'f Eurm 214 S PO« P KIANG STON In Port 11* 6 HAVEN
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    • 453 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE vsL/vor UNISIERRA/CP29/WB PALEMBANG/9WB MAT ARAM 21WB BILBAO ANTWERP H BURG/ 30/5-2/6 10-13/6 25-28/6 ROAM/ADAM BREMEN Suto)*cl to Inducement. Also accepting cargo to Casablanca, Port Said.
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    • 379 23 BOUSTEAD SHIPPING AGENCIES MYOMAYWA VUO PAGAN VI2I PA-AN VI2SW BURMA FIVE STAR SHIPPING CORPORATISM (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok W Ju« nra K*t BANK UNI NORTHBOUND TO UKC MORAYBANK VSN CLYDEBANK V23N TAMAITAI SAMOA VI3N H-CONTAINE R SERVICF SPORE RDAM HULL MM 10/6 6/7 14/7
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  • Page 24 Advertisements
    • 652 24 ~K" LINK KAWASAKI KISEN KAISHA. LTD. N. AMERICA-ATLANTIC COAST VOY 'INDO •PK/PNG 15/5 22/5 31/5 7/6 CHLS 21/6 28/6 5/7 12/7 ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE VOY lB CHLS 19/4 26/4 3/5 10/5 •PK PNG 'INDO N. AMERICA PACIFIC
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    • 336 24 y.ini 1..:-: ii'ii r/ Accepting LCL and containerised cargoes Direct to South Africa HAYAKAWA MARU 5438F VAAI 5536F VENTO 0402F ANJOU 016G NEDLLOYD COLOMBO 5234G CANOPUS 0201G Spore Durban P.EI« 29/5 11/1 13/6 10/6 23/6 25/6 m w 10/7 Jmrt* JAR DINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD
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    • 847 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Sinppore P ftetang Penanf Loading tor ORIENT SUCCESS V 107 May TIGER BAY V X 20 May INDIAN COURIER V 30N 26 Mjy ACIOS ANDREAS V C-l it May ORIENT SUCCESS V 108 4 June SO NACALAND V 39H I June TIGER BAT
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    • 871 24 Tsrr GOLDEN LINE SSV GUAN GUAN SHIPPING (PIE) ITD 23 Tdoh Ay«r Street SINGAPORE 0104 TEI 534JW (10 LINES) F»« U4JSO4 STRAITS/PERSIAN GULF SERVICE: Spore P KeiatjPPe t GOLDEN BEAR Cotombo K»radwDub« ?V2* Ifay GOLDEN HARVEST Colombo Karachi, Dub*> 1/9 June CHINA SERVICE BAI TUN SHAN Xumen Shanghai 24/25 May
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    • 509 24 umaa, inursaay, May 19, 1988 PHIU OfIKNT LIN(S PT€ LTD HUD OFFICE 63 ROIINSON ROAD »07 1? afro asia building Singapore nice TfIEX RS ***** PHILI FA* *****76 m ETA SINGAPORE 27/5. 31/5 4« 16 DUBAI. DAMMAN KUWAIT BOMBAY DOHA MUSCAT. BAHRAIN ABU DHABI SHARJAH 2SE2B 24/5 NEW GENTRADE 70/5
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  • Page 25 Advertisements
    • 1034 25 NEPTUNE AGENCIES PTE LTD F General Enquiries: Tel: *****77 Terminal CFS BOOKINGS *****22 *****53 P Keijn, NEPLINE SDN BHD 368*8/ NEPTUNE ORIENT LINES LTD !£7 SSSSS ft EU AUST TPA/SfA S 27*5753 27*5742 *****1* *****U *****11 *****41 INWARD OUTWARD ENQUIRIES *****44 SIR EAST/EUROPE FULLY CONTAINERISED SERVICE Penang NEPLINE SDN BHD
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    • 448 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON 1 STRAITS/KOREA SERVICF WEF JUNE BUSAN/SINGAPORE 10 DAYS SERVICE!! S PORt AGENTS NEPTUNE AGENCIES PTE LTD Tel 2'***** *****71 *****61 *****10 *****22 (Operates) *****47 ***** M (Terminal) *****50 *****04 (CFS) MALAYSIA AGENTS TUNAS SCTIA SDN BHD
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    • 865 25 *0* OIINOv/V 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 ***** PENANC P KELANC MESSRS MAI THONC SHIPPINC 127 Penang Street. Penan* Malaysia M S HANDLING SYSTEM
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  • Page 26 Advertisements
    • 310 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 .30 Lines fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A S SSCAC VE.B DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE E THAELMANN 488 RUHLAND 4 88 WILHELM PIECK 4 8818,6 'VIA COLOMBO Accepting cargo for INDIA
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  • Page 26 Miscellaneous
    • 155 26 Regional Weather i K 'I 0 li* •rn oa. £>1 3 o a. T7O 110E 10S 100E SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. Temperature Weatf*ei f *C •r Wind Section wit speed m k f\o*\ Wove Ke«gHt LEGEND R T Node's form Showe* Roio 0 Ooudv
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  • Page 27 Advertisements
    • 791 27 V\CSP\ £SP SHIPPING AGENCIES PTE. LTD Tel: *****66 (16 Lines) Fax *****15 LCL FIXED TWICE WEEKLY CONSOL "i LCL FIXED CONSOLIDATION TO:CHINA, HONG KONG, BANGKOK, KEELUNG, KAOSHIUNG, KOBE, MANILA, BUSAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY, SYDNEY, MELB., KARACHI, CHITTAGONG, LEGHORN, JAKARTA, NAGOYA, GOTHERBURG. ALL EUROPE BASE
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    • 420 27 UNIPACIFIC TRANS TRADING AGECY PTE. LTD. OS] IRAQI LINE I**o' ST*T| (ITIHrilSt fo* IRITiMI TRANSPORT WEST BOUND SERVICE ETA S PORE LOADING FOR "o*° z H r RAA ln Hodetdjh. Jedfeh. Aqak d?dS, Port HodenUh JnkUh Aqjb BABYLON 10(6 Hodeidah jcddah THROUGH B/L* to BAGHDAD UPON REQUEST ALSO ACCEPTINC CONTAINERS
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  • Page 28 Advertisements
    • 362 28 Hai Sun Hup Co (Pte) Ltd Xn TFL *****06 (20 Lines) TLX RS ***** &RS ?0672 NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN CHINESE PORTS, SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE VIA MAURITIUS REUNION DIRECT MONTHLY SAILIMGS KK SPORE PK PL Rfu QBN TWO* ISLAND V7T SM SW Sid
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    • 459 28 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/HEXICO AND FRENCH WEST INDIES Sport LtHiyrt Connttinf VSL 23/5 M NUERNBEG ATI. 30/S lt/t STUTTCAdT EXP 23/5 i/f DUSSELDOftF EXP For: Spor* i»H»vrt Comwctinf vsl Halifax, Montreal nihon vis 2 23/5 M NUERNKG ATI. Toronto, New York, n dcjma
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    • 133 28 ULTIMATE FREIGHT SERVICES PTE LTD T«t *****11 Tlx: ***** Fas: 22M—1 LCL Acceptance T T T i-Ti" l 1 I A A ill. i T Fremantle Closing 20/5 Noon S3 REGULAR TSR SERVICE TO KABUL/HAIRATON/ TORG/IRAN/E.BLOC WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Ao»nt MNON-ASM SHIPPING (S)
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    • 607 28 /M CALL US ATr P. KELANG PENANG J. BAHRU P. GUDANG I SINGAPORE d K. LUMPUR *****53/*****11 04-*****2/4. *****3 07-*****8 •07-*****3, *****5, *****0, *****1 <02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE P KELANG 21 05 TO EUROPE FEEDER I BUTANC 445 BUTANC 447 BUTANC 441 B BUTANC 451 |u« SEIANDIA
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    • 102 28 TOKO LINE Loading For Port Klang/Penang VESSEL NAMt SPORE PKLANC PENANC J BAHRU KYOWA ORCHID V-l In Port 23 MAY EASTERN FUJI V 101 23 MAY 25 MAY 27 MAY CRYSTAL ROSE V-2 23 MAY 25 MAY PEARL STAR V-4 26 MAY 2* MAY EASTERN ISLAND V 2S MAY 27
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