The Business Times, 16 June 1988
1988-06-16
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The Business Times
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Title Section11 1988-06-16 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, JUNE 16, 1988 75 CENTS11 words
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Article256 1988-06-16 1 AFP Dow Jones lower WALL STREET eased slightly early yesterday as traders moved to cash in on profits posted in a strong rally in the previous session. The Dow Jones average of 30 industrials, which soared 25 points to a post-October-crash high on Tuesday, was off 4.44AFP - 256 words
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Article, Illustration358 1988-06-16 1 GALEN CHAY - Fears of market being overbought are swept aside By GALEN CHAY SHARE PRICES surged in Singapore yesterday spurred by bullish sentiment on Wall Street and rallies on other major stock markets. The spectacular performance seemed to disregard analysts who had warned that the local stock358 words
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254 1988-06-16 1 THE US DOLLAR, which rallied strongly in New York on Tuesday after news of the smaller than expected US trade deficit, yesterday closed mixed against major currencies in Asia's foreign exchange markets. However, sentiment remains bullish on the American dollar. Dealers in Asia, Europe254 words
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550 1988-06-16 1 CORRINA LIM - By CORRINA LIM COMPARED TO regional and major stock exchanges, the Singapore stock market has made the biggest recovery from the pits of the October Crash which sent stock prices around the world reeling. The Straits Times Industrial Index has550 words
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447 1988-06-16 1 CHUANG PECK MING - By CHUANG PECK MING GOVERNMENT-OWNED Singapore Automotive Engineering has entered into a joint venture with a Thai company to operate a truck and armoured tank repair centre in Thailand. The joint-venture company, Vidhayakom Automotive Engineering, involves an investment447 words
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Article, Illustration411 1988-06-16 1 MAGDALENE NG - By MAGDALENE NG KEPPEL CORPORATION it exploring property investment opportunities in the region, particularly in Mtlsysit end Australia, and "those which have good potential for capital appreciation". This plan, to be executed through its listed subsidiary Straits Steamship, was revealed by chairman411 words
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173 1988-06-16 1 AFP THAILAND and China have agreed in principle to set up a war reserve stockpile, tha Thai News Agency (TNA) said yesterday, quoting Defence Minister Panieng Kantarat. Mr Panieng said at Government Houae on Tueaday that both sides were working out details forAFP - 173 words
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Page 1 Advertisements
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Advertisement84 1988-06-16 1 TIEN COURT J? StCHUAN CUISINE King's Hotel Havelock Road Singapore 0316 Tel: 733 0011 U3S has faltor. ******11, says Fad chairman Mora raporta, Paga 6 >•••<*< w lafliin '•J MRiSR*• i Start off on a right note in the morning. Use Braun micron foil shavers: recognised worldwide as a measure84 words
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Advertisement385 1988-06-16 1 What does UOB bank on? THE UNITED Overseas Bank group is the biggest banking group in Singapore. It is easily among the most innovative as well. What has helped it reach its enviable status is the philosophy that survival depends on three critical factors: customer service, risk management, and human385 words
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Advertisement107 1988-06-16 1 Full report, PAGE IS Regional Mkt», PAGE 16 World Mkto, PAQE 17 a M M m rnm mm m&n II m v sTr DINING ON TOP-OF-THE-WORLD Join us at the top. Enjoy the best Beijing cuisines specially prepared by our master chef. All yours to savour, amidst the grand panorama107 words
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HOME NEWS
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127 1988-06-16 2 THE GOVERNMENT has published the names and boundaries of electoral divisions for the next general elections. The details are spelt out in a government gazette released last night. The boundaries of polling districts in the various electoral divisions have also been published127 words
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180 1988-06-16 2 A MISSION TEAM made up of •Ight electronics and contractmanufacturing companies will visit Australia from Monday for a 10-day trip. A Trade Development Board statement issued yesterday said the companies hope to take ad- vantage of the Australian electronics market which180 words
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Article, Illustration369 1988-06-16 2 TIANG PEK YIN - Courses modelled on those for manufacturing workers By TIANG PEK YIN A MAJOR PUSH for better standards of service in the retail industry is in the works. The National Productivity Board (NPB), working together with the Vocational Industrial Training Board (VITB) and the369 words
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425 1988-06-16 2 WILLIAM CHIA - By WILLIAM CHIA HEWLETT-PACKARD Singapore (Sales) yesterday appointed a master distributor for its range of calculators to replace its 12 dealers following the success of the marketing strategy in the US and Hongkong. The sole distributorship went to Transmarco, which425 words
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361 1988-06-16 2 SINGAPORE sub-contractors who took part in an industrial fair in Germany rscsntly have grossed soma $2 million in sales. A Trade Development Board (TDB) a pokesman said the figure waa only an initial estimate baaed on submissions by a few of the361 words
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Article16 1988-06-16 2 PARLIAMENT will sit on June 28 at 11 am, the Clark of Parliament announced yesterday.16 words
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136 1988-06-16 2 THE MINISTRY of Finance has upgraded its wordprocessing capabilities by acquiring a nsw system costing more than $177,000. AVS Electronic#, a local computer company, was awarded the contract to supply 250 WordPerfect word-processing software packages to the minietry and to train staff from various ministries to136 words
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292 1988-06-16 2 A JOINT VENTURE led by Japaneee motor company Honda has baan swarded a government contract to build and run tha third road test circuit in Bukit Batok. Tha 30-year leasing contract, the first to be tendered out for a driving school, is expected to292 words
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157 1988-06-16 2 WORKERS' PARTY secretarygeneral J B Jeyaretnam and former chairman Wong Hong Toy ware yeaterday found guilty of having provided public entertainmant without a licence at Boat Quay in January laat year. Diatrict Judga Sarjit Singh postponed sentence to today. Both face157 words
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Page 2 Advertisements
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Advertisement176 1988-06-16 2 could have lost more. When lie lost his Chase Classic VISA card, he knew his liability was limited to $100. But since he reported the loss right away, he didn't have to pay a cent. The Chase Classic VISA card also offers: The highest spending limit up to 2-1/2 times176 words
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Page 2 Miscellaneous
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Miscellaneous42 1988-06-16 2 Singapore longhofc OUTLOOK: Mr ••port for 24 hot to 7.90pm on J«n Now DoM Now York Rio 'Jonotro lorn Son Frta'eo San Juan Sydnoy TotpoJ Tal Av+v Tokyo Toronto Vanoow* 27/21 Oowdy 32/15 Ooar 21/11 Ooar 24/14 Ooar 19/11 Oowdy 36/24 Sunny42 words
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Article878 1988-06-16 3 ARRIVALS Operator Sorvic* Local From number rim* SU SQ11 0040 LAX/NRT LUFT LH4514 0140 fha/dxb tc IC555 0655 MAA SU SQ411 0800 BOM MAS MH640 0820 KUL MAS MH65I 0910 PEN MAS MH607 0920 KUL AC AC888 0925 YYZ/LHt/BOM SU SQ103 0950 KUL CPA CX710 1015 CGK878 words
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ASIA-PACIFIC
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468 1988-06-16 3 Reuter INDONESIA'S economy will grow at a faster than expected 5 per cent in the current fiscal year and should continue at that rate for the next few years, the International Monetary Fund said. That prediction, however, depends on continued movesReuter - 468 words
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237 1988-06-16 3 Bernama THE ASEAN automotive complementation project which has been in discussion for the past seven years is now gaining momentum with the initial draft of the memorandum of understanding being considered on Tuesday. Deputy Secretary General (I) of the Malaysian Trade and Industry Ministry, WanBernama - 237 words
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229 1988-06-16 3 AP OWING mainly to labour disputes over wage increases. South Korea's economy is expected to grow only 9 per cent during the second quarter of 1988, the lowest quarterly growth rate in three years, the Economic Planning Board said yesterday. The April-June figure comparesAP - 229 words
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125 1988-06-16 3 Reuter NORTH KOREA has massed troops near the border with South Korea and could launch a surprise attack on Seoul, South Korea's Defence Ministry said yesterday. In an unprecedented security briefing for oppoeition leaders, the ministry said: "North Korea is maintaining aReuter - 125 words
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194 1988-06-16 3 Reuter CAMPAIGNING ended on Tuesday in parliamentary by-elections in Allahabad, India, which see a battle between Prime Minister Rajiv Gandhi s ruling party and a new opposition party led by a former finance minister. Mr Gandhi's Congress (I) party is defending all seven seatsReuter - 194 words
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151 1988-06-16 3 Reuter CHINA, hit by student protests for more democracy and freedom of speech, told its universities yesterday to stop bleating about lack of funds and low salaries and turn out graduates needed by the new economic order. The official magazine Outlook said students no longerReuter - 151 words
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Article, Illustration253 1988-06-16 3 Reuter PRIVATE INVESTMENT in commercial projects in the Philippines may hit US$l Pillion this year, double last year's figures. Philippine Secretary of Trade and Industry Jose Concepcion Jr said in Geneva on Tuesday that the nation, struggling to rebuild its economy after the oustingReuter - 253 words
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Page 3 Advertisements
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Advertisement282 1988-06-16 3 I V IV| The business person's choice, every I I II I II I Tuesd °y- Thursd °y- Saturday and I y Mm 1 Ml II M Sunday. Leaving Changi Airport at -I- A VV>/JL 1 22:05 hours and arriving at Lester B. Rearsor International Airport the following day Call282 words
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Advertisement264 1988-06-16 3 What a Beautiful Investment In Singapore's most luxurious condominium. WHEN ARCADIA was built, the developer, Singapore Land Limited, retained a number of apartments, maisonettes and penthouses these are now being released for sale, providing investors with a blue chip offer. These are some of the things written about ARCADIA. "One264 words
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Advertisement0 1988-06-16 3 _[}&*$\_.'|(,>",)<^]@`(@_^@\=>/0 words
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Page 3 Miscellaneous
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Miscellaneous69 1988-06-16 3 Doonesbury AN BP IPHANY FROM POLANP TO vemAM.Dtscmrrw COtmJNIST ECONOMIC AND POUTCAL MOPetSARZBBfie CHAueNGeo.ume CAPITALIST VALUES AR3BMBRACBV' WHAT ARSYOU SAY/N6 HSR3, HOUMRP* t rF i m a m V, I iWI lII' 3 5* BY GARRY TRUDEAU tm saving 7H5 COLD WAR /SOVBR, SIR.! rVSOVBR.ANP HE WON! ti mm imi69 words
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REST OF THE WORLD
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300 1988-06-16 4 AFP THE WEST GERMAN balance of payments posted a surplus of 1.995 billion marks (US$l.l5 billion) in April. This was a sharp reduction from 3.41 billion marks (US$l.96 billion) in April 1987, provisional figures from the Bundesbank showed on Tuesday. April's surplus,AFP - 300 words
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Article144 1988-06-16 4 Reuter US GOVERNMENT statisticians got their sums wrong in Washington on Tuesday. As reporters rushed news of the latest trade balance to anxious exchanges worldwide, they discovered that some of the figures were wrong. Eight errors littered a key table breaking down the unadjusted tradeReuter - 144 words
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Article61 1988-06-16 4 Reuter US industrial production rose 0.4 per cent in May after a revised increase of 0.6 per cent in April, said the Federal Reserve Board. The figure was 6.1 per cent higher than last May's. Output of consumer goods rose 0.3 per cent. The increaseReuter - 61 words
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Article, Illustration240 1988-06-16 4 Reuter KENNETH DUBERSTEIN, the 44-year-old new White House chief of staff for the final seven months of the Reagan Administration, is a New York-born backroom political operator who counts as many Democrats as Republicans as his friends. President ReaganReuter - 240 words
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203 1988-06-16 4 UPI CZECHOSLOVAKIA and Bulgaria have become the latest East European nations seeking to establish diplomatic relations with the European Community (EC), officials said on Tuesday. The Soviet Union and East Germany requested diplomatic relations immediately after last week's initialling in MoscowUPI - 203 words
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102 1988-06-16 4 AFP THE POLISH Communist Party's Central Committee announced a major leadership reshuffle in Warsaw on Tuesday, including the promotion of one of the country's top reform managers to a key economic post. It made the country's top banking official, Wladislaw Baka, a member of itsAFP - 102 words
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328 1988-06-16 4 Reuter INDUSTRIALISTS in Europe, the US and Japan say countries such as Taiwan and South Korea should be offered incentives to join a future world accord aimed at stamping out counterfeiting of goods and other unauthorised uses of intellectual property. They hope to reduceReuter - 328 words
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Article, Illustration457 1988-06-16 4 UPI PRESIDENT Francois Mitterftfxj of Franco has put off the option of forming a coalition gov+A>ment by announcing ha will hie with the Socialist minority slotted to Parliament this week. "Franca is, and will be, governed," Mr Mitterrand, 71, in a televisedUPI - 457 words
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Page 4 Advertisements
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Advertisement174 1988-06-16 4 Vi t,v. S UN \'v t-i-' hVA#\ *\V-i\ ..tV m &xwm -w "(5 4 < 'J \\\\S \VU 00 Vvv raja w <*** r 3t\ r*v* t- y-i m n so V "n HK v »4t r X X oU? V 3 V fiU V p N N E R174 words
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Page 5 Advertisements
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Advertisement376 1988-06-16 5 Hongkongßank i ntroduces sm ement or ousy peope. PRIME One complete solution for your banking needs. Meet the first and only account of its kind in Singapore. Now you don't need a different credit card account, different savings account, a different current account or a separate ATM facility. Because, at376 words
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MONEY AND EXCHANGES
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493 1988-06-16 6 UPI THE CHAIRMAN of the Federal Reserve Board said that the dollar has fallen far enough and cutting the federal budget deficit would do more than higher interest rates to cut the US current account deficit. Alan Greenspan on Tuesday said thatUPI - 493 words
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Article260 1988-06-16 6 Reuter MOST currency futures on the IMM closed sharply lower on Tuesday and near the lows of the session set late after an active session. Heavy selling surfaced early, which traders linked to the smaller-than-expected April US trade deficit, which totalled US$9.B9 billion compared with expectations for a US$l2Reuter - 260 words
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Article167 1988-06-16 6 Gold futures on Juno 14 100 toy Opofi ounces Mtfl USS par troy 01 Low imce Soflta Jun 450.00 452.00 447.00 450.60 1.00 M 450.50 450JO 450.50 451.40 0.80 Aug 454.80 455.40 450.X 454JO 0.80 Oct 460 50 440.50 455.30 459JO 070 Dk 464.20 465.50 460.30 464167 words
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Article488 1988-06-16 6 EURODOLLAR futures on the Singapore International Monetary Exchange gapped sharply higher yesterday than the previous close as the American trade deficit of US$9.B9 billion turned out to be narrower than expected. After opening at 92.24 in the September contract, another wave of buying interest lifted prices to the high488 words
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Article1492 1988-06-16 6 CURRENCY FUTURES OPTIONS Wednesday, June 15. 1988 DEUTSCHE MARK (tttfEX) M 44 Mil MNp4 1 M* Lot M M* Lot Ml M 534 51 W 4A 1394 127 127 40 4A 3 2254 222 N«M*i Aa« 44 pOT M* IN M •M» Lot Ml 57 31 30 31 M1,492 words
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Page 6 Advertisements
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Advertisement357 1988-06-16 6 s Toshiba Printers. What you see... You'll see the kind of technology that's made Toshiba number one in laptop computers, faxes and keyphon^^^^^^^^^^^^^^^ memory that's more powerful than most. easiest dual-form fkl paper handling I iii"^"'~ l With a multi-strike m (not just fabric like the others) so you can357 words
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Advertisement9 1988-06-16 6 II! BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 01069 words
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BANKING AND FINANCE
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Article1202 1988-06-16 7 SINGAPORE: The US dollar ended lower yesterday in fairly active but cautious trading on reports of stable foreign exchange and capital markets prevailed, according to dealers. "Better US April trade data lent support to the dollar, but the currency is expected to fluctuate between 124 and 127 yen,"1,202 words
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Article84 1988-06-16 7 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WO OFFER H»GH LOW 3 months RQ*****S 15.09.88 3.80 3.75 3.93 3.75 6 month* BY*****T 24.11.88 3.82 3 77 1 year BY*****Z 23.3.89 3.82 3.77 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate84 words
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Article, Illustration178 1988-06-16 7 Indicate* the average of ttM prima landing rates of 12 major banks In S'pore Interbank market rates (offer/bid) on June 15 us* DM SWFC Y«n 7 &my% 7 i/a 7 1/1-47/1 Ji/a-w a 15/14 13/14 4 1/1 4 I mtfi 7 i/a a/t 1/14 7 IS/14 i178 words
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Article54 1988-06-16 7 OVERNIGHT money rose 3/4 point to close at 3 per cent yesterday. The term rates remained unchanged across the board. S$ Interbank rates at the dose yester day: OFfH MO Ovwnigta 3 7 3/4 1 -momfc 3 7/$ 3 3/4 2-mocah 4 3 7/t 3-montb 4 3 7/854 words
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Article256 1988-06-16 7 Asian market ASIAN DOLLAR deposit rates closed unchanged yesterday after opening easier helped by an unexpectedly lower US April trade data. Overnight and weekfixed were unchanged at 7-1/2 7-3/8 per cent and 7-9/16 7-7/16 respectively with overnight business done at a higher 7-15/32. Most period rates eased 1/16 point in256 words
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400 1988-06-16 7 LEONG WEN WAH - By LEONG WEN WAH CREDIT LYONNAIS, one of the top three French hanks, got the green light recently from the Monetary Authority of Singapore to start a merchant bank here. The new merchant bank, whose name will be announced soon, will have a paid-up400 words
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Article361 1988-06-16 7 Bernama AN EXPERT from the International Monetary Fund (IMF) has completed a report on how to structure the Malaysian capital market and ensure its long-term development, deputy Bank Negara governor Oatuk Dr Lin See Yan said on Tuesday. This constituted part of the bank sBernama - 361 words
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Page 7 Advertisements
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Advertisement60 1988-06-16 7 MAKE THIS FATHER'S DAY ONE OF DISTINCTION. Every Dunhil! tie is a celebration of the tie-maker's art, hand-stitched and created from the finest silk. There are over 300 distinctive designs to choose from, and prices start from Si2s. H,lton International Hotel J**" Grand <1 ucky Plaza) Damuru (L.ang C our,,60 words
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Advertisement187 1988-06-16 7 80% of new consumer products won't survive one year in the marketplace. A computer system that gives you better information on your marketplace and your competition increases your odds for success And that's where Unisys makes the difference. We are the leader in fourth-generation languages, sophisticated software that lets you187 words
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COMMODITIES
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Article394 1988-06-16 8 Bernama-UNS THE LAUNCH of a new USS2S million commodity futures fund, with a trading advisers' three-year growth record of 243.7 per cent plus a full guarantee on the original investment, was announced in London on Tuesday. Shares in the fund are being offered for sale inBernama-UNS - 394 words
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239 1988-06-16 8 Reuter CRUDE OIL PRICES will not reach Opec's US$lB-a-barrel target this year unless the oil cartel stops breaching its own output ceiling. East Asian oil experts in Tokyo said yesterday. Prices rose sharply on Tuesday in reaction to an Opec Vienna agreement to keep itsReuter - 239 words
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386 1988-06-16 8 Reuter JAPAN'S new oil policy chief is expected to continue Tokyo's existing policies and forge ahead with deregulation of the industry, according to oil industry sources in Tokyo. Yoshihiro Sakamoto, who replaced Masahisa Naito on Tuesday as director general of the petroleumReuter - 386 words
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Article417 1988-06-16 8 CRUDE PALM OIL FUTUREB closed steadier in moderately active trading on the KLCE yesterday. The market opened higher and fluctuated from Ms4o to Ms4B for all th« n !eL!« a tf end of the mornin 0 B«Mion. Selling pressure in hocf k rn ??i n J r 'ir417 words
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Article95 1988-06-16 8 YESTERDAY was a mixed trading day despite the recovery in the crude markets, which were largely assessed to be technical corrections. Closing prices for crud* (FOB origin) USS/barret Oianga Tapis (My) 16.30 -0 23 Mfcm (My) 17JOI 0.03 Dwboi (My) 14.13 0.33 w«l Ttui WT1 (My)* 16.8595 words
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Article320 1988-06-16 8 HONGKONG: The metal cloeed barely changed yeeterday in quiet trading, partly due to the one-day cloeure of the local tael market. Light selling by overseas investors in the morning was noted, but late short-covering by local investors pushed gold back close to the New York finish. Bullion ended320 words
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Article236 1988-06-16 8 Chinese Produce Exchange Sellers' noon dosing prices on Jww 15 (S$/100 kg) Coconut oil Mi FOB 115.00 OM drum FOB 125.00 New drum FOB 129.00 Copra Mfeed (Ioom) 66 Pepper -to* FOB NIW 1117 JO Sarawak «M)t FOB foq NIW 1102 JO Sarawak ipedal bloc* FOB NIW 657.50236 words
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Article227 1988-06-16 8 SOYBEAN FUTURES on the Chicago Board of Trade closed on Tuesday with pared gains of 14% to eight US cents per bushel after a day filled with sharp fluctuations. New crop November settled up 14% cents at US$B 95. Traders said late profittaking curbed gains. However. forecasts that a227 words
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Article231 1988-06-16 8 SOFT RED WINTER wheat futures on the Chicago Board of Trade posted closing gains of 1)4 to six US cents per bushel on Tuesday. Spot July settled up 454 cents at U553.74. Traders said wheat prices rose on mixed demand with advances limited by light commercial hedge selling late.231 words
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Article176 1988-06-16 8 THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) recovered four cents yesterday from Tuesday's dose to end at M 518.09 per kg, dealars said. Volume dropped to 64 tonnes from 61 tonnes on Tuesday because miners refrained from disposals in sxpectations of further price increases.176 words
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Article320 1988-06-16 8 SINGAPORE Prices closed quietly steady yesterday with July One RSS buyers price quoted at 271.00 cents a kg, up half a cent from Tuesday's close. Opening prices were marked 2.5 cents higher following steadier Japanese advices and then moved within narrow ranges in quiet morning trading. Dealers said operators320 words
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Article272 1988-06-16 8 RAS prices in s <**•/*, fc M In ball NOON CLOSE •vyori Soflocs Iwyors SoNors to 1 RSS Prompt 272-50 274JON 271 JO 273J0N to 1 RSS July 68 272.00 274.00N 271.00 273.00 to 1 RSS August 273.00 275.00 272.00 274.00 Int 2 RSS Of 269.50 271272 words
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Article83 1988-06-16 8 (canto/kg) JULY 1988 AUGUST 1988 (currant month) (forwor d month) RAS NOON NOON lvy«ri Satan ftvyan Satai i SSI 30 34X00 2 4 a. OON 34X00 24X00N SSI 50 341.00 244.00N 341.00 246.00N MRELB Ivyart 5,n» r fer*" Satan SMt CV 590.00 592. OON 59X00 594.00N SMI83 words
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Article295 1988-06-16 8 London Commodity Exchange fcuyer/SeMer doting prices on June 14 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee tosh in-store London, sellers option OF London Jul 1114/1116 (1097/1098) Htgh/Low 1116/1094 Sep 1123/1126 (1107/1110) High/Low 1128/11 OS Sates (2362) Cocoa Jul 912/913 (900/901) High/Low 915/904 Sep 931/932 (924/925) High/Low295 words
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Page 8 Advertisements
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Advertisement317 1988-06-16 8 Ernst Whinney Consultants Pte Ltd Presents HOW TO USE FINANCIAL TECHNIQUES IN SALES MARKETING July 7-8, 1988 Hilton Hotel WHY YOU SHOULD ATTEND Sales and marketing management often find it difficult to isolate the exact data needed to analyse operations and improve results. It is relatively easy to overemphasize sales317 words
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FOCUS
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Article, Illustration750 1988-06-16 9 DREW MIDDLETON - PHILIPPINE MILITARY By DREW MIDDLETON SUQHTLY BETTER reports are coming from one serious, almost unnoticed but, for Americans, important conflict. This is the long campaign being waged by the Philippine army against the communist New People's Army (NPA) in the villages, jungles750 words
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919 1988-06-16 9 AL O LABITA Jr - PHILIPPINE ECONOMY In an effort to allay the fears of potential investors, the Philippines is doing its best to dispel the notion that its economy would collapse if the US pulled out its military bases. At the same time, the Philippine army is being reformed919 words
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Page 9 Advertisements
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Advertisement528 1988-06-16 9 Computers and Commuracations When you choose an NEC mainframe you get a high-performance, cost-effective system that's right for you. Whether you're in finance, manufacturing, or distribution, youH find NEC mainframes fast, friendly, and easy to use. From the general-office-use S4lO. To the 5430, S6lO, and 5630 for design, process control,528 words
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PERSPECTIVE
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Article506 1988-06-16 10 MORE TOURISTS are coming to sunny Singapore and hotel rooms that a year or two ago were going a-begging are now rapidly filling up. No surprise then that room rates have begun to edge up. Shangri-La, the Mandarin Singapore, Marco Polo, Dynasty these and other hotels506 words
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Article, Illustration1953 1988-06-16 10 ALVIN TAY - As the going gets tougher for the Big Four local banks in Singapore, the general rule for survival among top executives of the United Overseas Bank group centres around three critical factors for growth customer service, risk management and human resources. ALVIN TAY describes1,953 words
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Article, Illustration608 1988-06-16 10 THE DISTINCTIVE "five-bar gate" has been the logo of the United Overseas Bank group since the early *****. Its designer derived the logo, which symbolises security and unity, from the traditional Chinese system of counting in fives. About 16 years later, the logo acquired608 words
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Article, Illustration855 1988-06-16 11 LAI KWOK KIN - Once one of India's largest foreign communities, the Chinese in Calcutta are declining In numbers. The younger generation sees no prospects in the country; many are going overseas, leaving their older folks to tend their small businesses. LAI KWOK KIN reports. LAI KWOK KIN ReuterReuter - 855 words
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Article, Illustration805 1988-06-16 11 RUSSELL BLINCH - Economic summits are getting bigger and bigger. But russell blinch asks analysts, are they effective? RUSSELL BLINCH Reuter IN 1975, leaders from the five leading industrial democracies and a few aides met at a chateau near Paris for what would be the first economic summit andReuter - 805 words
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Article, Illustration822 1988-06-16 11 STEVEN WEISMAN - A look at the situation in Pakistan after General Zia's dismissal of the government. STEVEN WEISMAN reports. STEVEN WEISMAN NYT ACTIONS by President Mohammad Zia ul-Haq since his dismissal of Pakistan's elected government late last month are stirring widespread scepticism about hisNYT - 822 words
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Page 10 Miscellaneous
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Miscellaneous634 1988-06-16 10 CRYPTIC PUZZLE ACROSS 4 Anticipate a happy event? (6) 7 Pass William something to read (8) 8 Certainly no do-gooder! (6) 10 It's super, being immortal! (5) 13 Give a performance repeated in prison (4) 14 A hand, in a sense (4) 15 Initially, petroleum exporting countries (4) 16 It's634 words
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Page 11 Advertisements
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Advertisement76 1988-06-16 11 Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16+ per set, they are easy to order and76 words
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Page 11 Miscellaneous
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Miscellaneous1192 1988-06-16 11 to aa© oaoK) 7.30 PM Opening and Programme Kghllghn followed by Lingo. 7J5 Coming Attractions. 8.00 Inter-Sdtool Debats 1988 (Pre-U Level) National Junior College v Victoria Junior College. Motion: Material mtc&nnvw a ino rofwfnosr C6hcMon h Promoting Arts H(lst Quarter Rnal, C). •JO Ever Decreasing Qrdes. 8.35 BoofcvMoni Jane Eyre1,192 words
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SPORTS & LEISURE
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Article, Illustration491 1988-06-16 12 JAIME LYE - MIME SINGAPORE FESTIVAL OF ARTS fa By JAIME LYE ONE OF the obstacles to fully appreciating mime is having to restrain yourself from lunging forward, reaching for the throat of that pale-faced performer onstage. and throttling him while crying out. "Speak!" Marcel Marceau did not speak. He sermonised.491 words
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Article, Illustration363 1988-06-16 12 LAWRENCE TAN - THEATRE By LAWRENCE TAN THE BEST THING about Imago's performance was when they got someone else to perform. About a dozen children and a few young-at-heart adults got onstage and showed that anything Imago could do, they could do too. That they did so well spoke not363 words
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Article, Illustration381 1988-06-16 13 AFP THE DETROIT PISTONS used an aggressive offense to convincingly defeat the Los Angeles Lakers 111-66 on Tuesday night and even the US National Basketball Association final series at two games apiece. The Pistons, who lost to the defending championsAFP - 381 words
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149 1988-06-16 13 Reuter SOUTH AFRICAN jockey Michael Roberts rode the first two winners at Royal Ascot on Tuesday and was then suspended for two days for misusing his whip. Roberts was found guilty by the stewards of improper riding in the Queen Anne Stakes, theReuter - 149 words
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353 1988-06-16 13 AISATSU, nice to meet you, was what DHL said to about SO Japanese managers and directors who competed in the first DHL Cup golf tournament yesterday. But. said Ken Sato, president of DHL Japan, "it's also what you say to your prospective in-laws, and353 words
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Article319 1988-06-16 13 AFP WEST INDIES, whose run of 10 consecutive victories over England ended in the drawn first Test, should return to winning ways in the second Test beginning at Lord's today. Morale in the England camp is at a desperately low ebb after the extraordinary happeningsAFP - 319 words
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Article643 1988-06-16 13 CHARLES SAVAGE - Jranklif speaking.... by CHARLES SAVAGE THE INTERNATIONAL Grand Prix season looks like it's headed for an anti-climax. There have been few years when one team has so dominated Formula One racing. The turbo-charged McLarenHonda team of Ayrton Senna and Alain Prost have won five out643 words
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Page 12 Advertisements
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Advertisement1012 1988-06-16 12 COURVOISIER XO WIHEICIE T€ E4T, DKINIK The Szechuan Experience with the Meisan Difference m Savixjr the finest Szechuan cuisine; aromatic, spicy gourmet creations in an exciting blend of flavors. And discover the exquisite art of true enjoyment. IMS MEISAN At the Meisan. Royal Sniv Singapore 25 Scorn Road, Singapore 0922.1,012 words
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Page 13 Advertisements
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Advertisement661 1988-06-16 13 lENiriEomiiN 4 fe!!K Seafresh Bounty Ahoy! June 17 —25 It's seafood celebration at the Cate-in-the-Part* with our Seafood bJtet Dinner as the 'pitted catch 1 The treasured bounty from the seven seas include* delicate morsels of sushi to hearty portions of New England Clam Chowder Savour these tasty, cold dishes661 words
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Advertisement6 1988-06-16 13 o o c m A^°g^2g|i(P £&£&>* pM**6 words
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Advertisement20 1988-06-16 13 g Where records will be broken come September. THE SEOUL OLYMPICS AND THE 6TH TIMES INTER-BUSINESS HOUSE ATHLETICS MEET 198820 words
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COMPANY NEWS
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357 1988-06-16 14 LISA LEE - Strong demand boosts group turnover By LISA LEE PROFITS for Metal Box Singapore Ltd rose last year as demand for the group s products led to increased turnover and contributions from related companies. For the year ended March 31, 1988, the packaging357 words
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176 1988-06-16 14 OVERSEA-CHINESE Banking Corporation (OCBC), adviser to minority shareholders of takeover target Hotel Marco Polo (HMP), has again advised them to reject the offer if they intend to hold on to HMP shares as a long-term investment. Those who take a short-term view176 words
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175 1988-06-16 14 Five Town City directors quit last year MUCH-TROUBLED Town and City Properties Ltd last year lost five of its seven directors through resignations, leaving only chairman Edwin H Burrell and Mdm Cheong Swee Kheng to man the fort. Those who resigned are former chairman Lee Kim Yew, Indonesian businessman Hendra175 words
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COMPANY BRIEFS
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63 1988-06-16 14 IN REPLY to the Stock Exchange's query over a recent report on the rumoured takeover of the company, Malayan Credit Ltd has replied that, "To the best of the company's knowledge, up to the date and time of writing, we are not aware63 words
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Article57 1988-06-16 14 CHUAN HUP Holdings Ltd has received $3,198 for the sale of its shares in CHM Property Re Ltd (now known as Bojangles Fine Food Re Ltd) and $2.11 m for the sale of its shares in Transoceanic Marine Ltd, Hongkong. Bojangles is a dormant company57 words
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Article28 1988-06-16 14 JURONG Engineering Ltd has replied to the SES that the contract regarding the Daya Bay Nuclear Power Plant, China, is still under negotiation.28 words
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Article130 1988-06-16 14 BONVESTS Holdings Ltd has been requested by the SES to provide its directors' views on the points at which its latest annual results were qualified by its auditors, Foo, Kon Tan. The qualifications covered the permanent diminution in value in the long-term investment of $5.58 m130 words
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339 1988-06-16 14 AMY BALAN - By AMY BALAN LONG-SUSPENDED Malaysian property company San Holdings Bhd (SHB) has been slapped with a winding-up petition for a judgment debt relating to transactions in 1976. Steps are being taken to discharge this debt amounting to *****,600 plus interest, said its339 words
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268 1988-06-16 14 TONHOW INDUSTRIES has reported a 75 per cent increase in after-tax profit to $442,000 on a higher group turnover for the six months ended March 31, 1988. The precision plastic manufacturer, now part of the Bonvests Holdings Ltd group, chalked up268 words
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226 1988-06-16 14 Bernama PROMET BHD's group cash resources increased seven times to M 571.4 million in 1987, which augurs well for its continuing efforts to generate cash to bring about an early retirement of its debts. Its chief executive, Datuk Brian Chang, said in hisBernama - 226 words
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LATEST RESULTS
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Article99 1988-06-16 14 BUKIT SEMBAWANG ESTATES Ltd posted a profit after tax but before extraordinary items of $6.54 m ($8.14 m), down 19.6 pc for the year ended March 31. 1988. A net extraordinary gain of $2.04 m raised the bottomline figure to $8.58 m ($8.51 m). At the99 words
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Article62 1988-06-16 14 MALAYSIAN AICA BHD posted an after-tax profit of Mslm (M 5291,000) for the year ended March 31, 1988 At the pre-tax level, profit rose 41.7 pc to M 5713,000 (M 5503.000) on turn- over of M526.12m (M527.84m). EPS is 2.4 cents (0.7 cents) while NTA is62 words
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Article83 1988-06-16 14 Bernama KIAN JOO Factory Bhd, a can manufacturer, reported a higher group pre-tax profit of M56.33m for calendar 1987 compared with Ms4.o2m previously. Group turnover also increased to M5104.49m from M562.15m previously. At the company level, pretax profit increased to Ms2.6Bm from Msl.o7m while turnoverBernama - 83 words
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125 1988-06-16 14 Bernama INVESTMENT and propertybased SPK-Sentosa Corp Bhd expects to maintain its performance for this year, chairman Datuk Abdullah Ahmad said in his 1987 annual report. He said its associate company, Capital Insurance Bhd, would continue to improve and contribute to the group's result. However, theBernama - 125 words
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Page 14 Advertisements
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Advertisement50 1988-06-16 14 IV* s m >' f*' ft*. >3 n '*-•<#»■- X Just as you depend on Business Times for a wealth of information, the animals at the zoo are banking on your generosity to keep them in t the j>ink. To sponsor the bearded hog friends, call Roy Mackie of imes50 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4937 1988-06-16 15 SHARE PRICES surged across the board with both speculative counters and some blue chip stocks making gains. The market also experienced the highest volume traded since October last year. Yesterday s volume of 70 million shares was just five million short of the 75 million4,937 words
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Page 15 Advertisements
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Advertisement13 1988-06-16 15 Unit Trusts table, Page 17; Business done on the SES, Pages 16, 1713 words
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REGIONAL MARKETS
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Article3586 1988-06-16 16 SMALL INVESTORS continued their buying spree on the Kuala Lumpur stock market yesterday enabling share prices to finish firm across the board in active trading. Reflecting the strong sentiment, the 30-counter New Straits Times Industrial Ordinary Share Index surged 21.82 points to close at 1,726.86. Business3,586 words
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Article4438 1988-06-16 16 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".4,438 words
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Article1431 1988-06-16 16 Hongkong HONGKONG share prices ended sharply higher yesterday in active trading, despite profit-taking eroding early gains, brokers said. The Hang Seng Index added 26.88 points to 2.899.58. while the broad-er-based Hong Kong Index gained 16.60 to 1.786.92. The Hang Seng topped the key 2,700 level to test1,431 words
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Article131 1988-06-16 16 JUNC 1| WOM Clwll Sugar ***** -400 Daallm irxJ Daawoo Corp Daawoo Heavy Datahin Sacurttias Dong Ah Phar Dong Suh Stock Oongbu StMl Gold Star 26S00 ***** ***** ***** ***** ***** ***** -300 ♦100 unch -400 -300 -100 -300 -100 Hand Bank Hanil Camaot Hankuk Glass Hanyang Chemical Hyundai131 words
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Article514 1988-06-16 16 Reuter TOKYO share prices reached a record high at the close yesterday but were off the day's early peaks, in heavy trade after Wall Street's strong showing overnight on the smaller-than-expected US April trade deficit, brokers said. The Nikkei Index rose 31.72 points, or 0.11 per cent, to 28,083.52,Reuter - 514 words
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Article413 1988-06-16 16 Reuter AUSTRALIAN share price# yesterday closed mostly higher scross the board as the share market snapped out of s five-day losing streak. Brokers attributed the change in direction to rallies on New York and London overnight following a sharp contraction in the US trede account for April. They saidReuter - 413 words
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Article165 1988-06-16 16 Reuter THE SECURITIES Exchange of Thailand Index rose 7.32 to 461.86 on a turnover of 14,213.089 shares worth 1,696.06 million baht. Reuter JUNE 1S Ao Kham Thai Ayudhya Invaafman Bangkok Agro-tnd Bangkok Bank Bank Ol Ayudhya Charoong That Wir A Cabta BAMT 306 466 134 327 350 507 -6Reuter - 165 words
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Article285 1988-06-16 16 JUNE IS NT AH Sincars Indus Asia Camant Cathay Con* Chang Mwa Bank Chang Loong Chia Main Camant Chin Hsin Floor China Cham China Day 6 56 9100 ***** 590 00 56 00 09 50 26 50 57 00 276 00 015 2 5 3 6 0.5 1.5 0.7285 words
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Article102 1988-06-16 16 JUNE IS PESOS *h Acoi* Mining Anglo Pttil 0 000 +0 0005 Ap«x Mining B 0 044 unch Alia* Con B 23 +0 25 B«gu»o Qo4d Basic P*tro4«um ...0 022 +0W1 B*ngu« Con. B 102 +4 First Phil HlOgs 9 00 0 7 i Lepsnto B 0 45 -0102 words
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Page 16 Advertisements
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Advertisement684 1988-06-16 16 APPOINTMENT mm PTE LTD require an (female) The ideal candidate should be in early thirties having min. 5 years previous shipping experience and have the necessary qualifications for the job. Please apply in confidence, enclosing a full CV to: SEUUR SHIPPING PTE LTD 1503 Shell Tower 50 Raffle* Place SINGAPORE684 words
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Advertisement470 1988-06-16 16 THE COMPANIES ACT, CAP. 80 MBA COMPUTERS PTE LTD (In Liquidation) At a general meeting of MBA COMPUTERS PTE LTD duly convened and held on the 13th day of June, 1988 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section 290(1Xb)470 words
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Advertisement104 1988-06-16 16 'I i j T'i LIB Application has been made to the director* of the abovenamed company to iaaue duplicate share certificate In place of the following share certificate which has been reported lost or destroyed: Certificate Name No of Shares WO. of |i on pftrh 3S9I4SE Citicorp Investment Bank Singapore104 words
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WORLD MARKETS
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Article944 1988-06-16 17 New York Reuter WALL STREET stocks on Tuesday reached their highest closing level since the October crash, with a report of an improved US trade deficit for April drawing new buying interest. However, market averages finished below peak levels set in the first 30 minutes ofReuter - 944 words
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Article970 1988-06-16 17 London Reuter LONDON equities added to their early gains at the official 0600 QMT opening yesterday, with early nervous profittaking tending to dry up as marketmakers continued to push prices higher, dealers said. The FTSE 100 opened 6.9 up at 1,873.1, although volume wasReuter - 970 words
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Article269 1988-06-16 17 ManoQ*"' pr1c«« for June 16 Japan G' Fund Shiwiton Thrift Fund 161 084 144 084 Singapore Unit Trust UOB Managamont Um fund 0*25 0*25 TH* Cowaorco Ott 104' Unibond*1 006 103 Tho Sovmgi Fund 084 0*2 S'por* frog Fund S'por* Sac Fund S'por* ln»Oi» fund S port Equity269 words
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Article115 1988-06-16 17 HONGKONG All Industrials Hongkong Index W*d«tMdoy i 786 92 TuMdoy 1.***** WNk ago 1.***** Hang S«ng Index W«dnMday 2.699 68 Tuesday 2.672 70 WMk ago 2.***** WwfeMdoy 2.5074 Tu*»doy Z4769 WMk ago 2.4937 NEW YORK Dow Jones Tua«doy 2.124.47 Monday 2J***** WMk ogo 2.***** TOKYO Nikkei Average WadnMday115 words
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Article948 1988-06-16 17 Amsterdam JUNE 14 FLS ABN Aagon AhoW Akzo Alranta AMEV Amro Bank. Am Stad ...4100 82 40 77 00 121 00 152.00 54 20 71 JO 124 50 4-1.1 2.4 2 2.9 0.3 0.8 0.9 15 Barkai BOLS 13 20 126.00 -0.2 0.5 Bonumii Buaftrman Tettaroe Caiva Elaaviaf Fokkaf Gamma948 words
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Page 17 Advertisements
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Advertisement157 1988-06-16 17 1 m If you are not in the league that allows you to sponsor animals at tl Successful executives know the value of keeping abreast of what is happening in the complex world of business. That's why they subscribe to Business Times and can afford to mind a monkey, be157 words
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LATE FILE
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Article56 1988-06-16 18 Reuter FRANCE and Iran will restore diplomatic relations today after an 11-month break, the French foreign ministry said in Paris yesterday. The announcement honours a commitment made by former prime minister Jacques Chirac after Iran helped negotiate the release of the last three FrenchReuter - 56 words
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Article53 1988-06-16 18 AFP HONGKONG has confirmed its tough new policy under which all Vietnamese refugees arriving after midnight last night will initially be treated as illegal immigrants. The "boat people" will be screened to sort out genuine refugees from economic migrants, Secretary for Security Geoffrey BarnesAFP - 53 words
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Article65 1988-06-16 18 Reuter THE THAI cabinet has approved a bill raising the minimum employment age from 12 to 13, a move said to affect half a million child workers. Officials said in Bangkok yesterday that the law, approved in principle on Tuesday, was one of 24 short-termReuter - 65 words
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Article58 1988-06-16 18 AFP CHINA is studying the possibility of devaluing its currency, the yuan, Bank of China president Wang Deyan said in Beijing yesterday. The question is currently "under study", he told a press conference, adding that, in line with international practice, he would reveal neither theAFP - 58 words
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Article63 1988-06-16 18 AP HUNDREDS of radical South Korean students protesting compulsory military training fought riot people yesterday with firebombs and rocks after troopers moved in to break up the protest. Fierce fighting erupted at Chungang University in Seoul when lines of riot police in green combat fatigues andAP - 63 words
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547 1988-06-16 18 ANNA TEO - Singapore chosen as venue for global sports equipment trade fair By ANNA TEO SINGAPORE could join Munich, Atlanta and Chicago as international showpieces of sports goods and fashion if enough exhibition space can be found. The World Federation of Sporting547 words
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152 1988-06-16 18 Reuter CAMBODIAN peace talks involving the three main guerilla groups and the Vietnam-backed Phnom Penh government are now almost certain to take place next month, according to Moscow Radio. "Joining the bandwagon are big powers who are in a position to soon bring aboutReuter - 152 words
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309 1988-06-16 18 MARTIN SOONG - By MARTIN SOONG WASHINGTON should ease off pressuring newly industrialising countries to revalue currencies and open markets wider to US imports, and instead tighten up its budget deficit in order to solve its trade woea, according to309 words
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Article78 1988-06-16 18 Reuter COMEX gold futures gained early on mixed buying in anticipation of a firm opening in US grains markets amid heightened concern over the continued drought. August gold was ahead US$l.5O at U*****.10 an ounce with sellers pulling out at U*****.70. Silver futures made early gainsReuter - 78 words
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Article107 1988-06-16 18 Bernama DEWAN RAKYAT Speaker Ten Sri Mohamed Zahir lamail yesterday rejected the motion submitted by the member of parliament for Kangar, Datuk Radzi Sheikh Ahmad, that parliament direct the Home Minister to revive the old Umno. He rejected the motion because the matter pertaining to theBernama - 107 words
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248 1988-06-16 18 AFP. Bernama MALAYSIA'S Attorney-Gen-eral said yesterday that ties between Prime Minister Mahathir Mohamad's government and the judiciary should remain unaffected by the suspension of the country's top judge. Lord President Salleh Abas. Abu Talib Othman said the suspension of Judge Salleh "only puts intoAFP.; Bernama - 248 words
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430 1988-06-16 18 LISA LEE - By LISA LEE UNITED Overseas Land has received in-principle planning approval for the development of an office complex on the site of the former Odeon Theatre bought in 1983 for $27 million. The property arm of the430 words
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189 1988-06-16 18 Reuter HONGKONG PUBLISHER Sally Aw Sian has proposed to offer A 54.38 each cum-dividend for the outstanding shares in Australian-listed property company Cereus Australia Ltd. The proposed bid, through Kargat Pty Ltd, values Cereus's 12 83 million issued shares at Ass 6Reuter - 189 words
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396 1988-06-16 18 Reuter ELDERS IXL LTD shareholders have approved a complex transaction that will keep control of the company in friendly hands and give Broken Hill Pty Co Ltd (BHP) a A 5974 million windfall. Under the deal. Harlin Pty Co Ltd, a company controlled byReuter - 396 words
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300 1988-06-16 18 Bernama THE MALAYSIAN government yesterday signed a Ms 2 4 million agreement for the drafting of the national privatisation master plan which among others, is aimed at assessing the feasibility of privatising the projects within the next decade. The master plan study wasBernama - 300 words
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Article100 1988-06-16 18 Bernama BANK NEGARA is expected to ask commercial banks to reduce their base lending rates by another 0.5 percentage point, banking sources in Kuala Lumpur said yesterday. They said that this waa agreed upon at a meeting between the Malaysian central bank andBernama - 100 words
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Page 18 Advertisements
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Advertisement137 1988-06-16 18 i J 4 V Vi At the most attractive rates in town, The Plaza Service Apartments offer you all the comforts of home, plus the luxury of a fine hotel, plus: ideal location along Nicoll Highway near Marina Centre panoramic sea views of the busiest harbour in the world kitchenettes137 words
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Advertisement78 1988-06-16 18 Do some men's skins have drinking problems? Yes. Ask Clinique if your skin needs help (skin analysis tells you). 3 (A X CLINIQUE SKIN SUPPLIES FOR MEN tuf: LONG INKS STYI.F CoHqUCSt \'i IP in titanium ■y LONGINES K >it t\v s» tsv >iiK<* Ollkihl rimrkeciXT of fholhimool ilk-X\l\ thOhmpiad78 words
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SHIPPING TIMES
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453 1988-06-16 19 LINDA CHEE - By LINDA CHEE MEMBERS of the Med Club have finalised a fleet replacement programme to boost capacity and service quality in the Far Eaft-Mediterranean trade. Three out of the consortium's seven vessels, all about 1,450 TEUs in size, will be pulled out453 words
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198 1988-06-16 19 Reuter THE Port Authority of Thailand (PAT) has slashed service fees by up to 70 per cent at the east coast port of Sattahip port to lure shippers from Bangkok's Klong Toey port, the country's main trading gateway. PAT officials said the newReuter - 198 words
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PORTSIDES
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105 1988-06-16 19 WALFORD MEADOWS which has an airfreight service at Changi Airport, has established a second office in the city to offer seafreight services. The general manager and director for Walford Meadows in Singapore, Mr Paul Close, says: "Due to the continued growth of the Singapore economy105 words
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Article93 1988-06-16 19 Reuter MITSUI OSK Lines Ltd has signed a 10-year contract of affreightment (COA) with the Broken Hill Pty Co Ltd to carry coal from Australia to Europe. This marks Mitsui OSK's first COA in cross trade since it signed for Brazilian ore shipments in 1980,Reuter - 93 words
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Article64 1988-06-16 19 TO PROMOTE TRADE between China and the Philippines, China Ocean Shipping Company yesterday began a new monthly service linking Manila, Hongkong and Xingang. The 3,319-dwt Chao Bat He with a container capacity of 470 TEUs left Manila yesterday on the monthly runs. The new service is64 words
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Article90 1988-06-16 19 Reuter ABOUT 300 Chinese peasants plundered 15 tonnes of peanuts from a ship while local officials did nothing to stop them. The Farmers Daily newspaper said the river boat sprang a leak and had to anchor by the bank in Anhui, central China, last month. VillagersReuter - 90 words
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112 1988-06-16 19 WORSENING WEATHER has again delayed the planned lifting of the sunken Dutch chemical tanker Anna Broere, leaking highly toxic chemicals in the North Sea. A spokesman for Dutch salvage company Smit Tak said the company had hoped to begin the six-hour job of raising112 words
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Article88 1988-06-16 20 LEADING freight forwarder Kuehne Nagel chalked up a 4 per cent increase in net profits last year to HK$l4B million (US$l9 million). Turnover, however, declined by 3.1 per cent to HKS2O.2 billion. The annual report stated that the ocean freight division again contributed the biggest turnover88 words
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Article115 1988-06-16 20 Fairplay POLISH Ocean Lines said business was better in the first four months of this year It handled 1.6 million tons of cargo and earned 60,000 million zloty along with a hard currency surplus of US$5B.2 million. Just how that compared with results for theFairplay - 115 words
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Article, Illustration806 1988-06-16 20 Lloyd's Shipping Economist IMPROVEMENTS in the dry bulk carrier and tanker markets have drastically reduced the volume of bulk tonnage committed for demolition so far in 1988. with scrapping levels currently around a quarter of those seen in a depressed 1987. Taiwan, however, continues toLloyd's Shipping Economist - 806 words
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Article778 1988-06-16 20 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrans VII 3 American Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 A PC Line V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Oceon778 words
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235 1988-06-16 20 THE American Bureau of Shipping has developed standards for the design, construction and periodic survey of fishing vessels, titled the "Guide for Building and Classing Fishing Vessels It is the intention of ABS that this guide will be recognised by industry,235 words
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176 1988-06-16 20 Reuter WORLD laid-up vessels fell to 511 in May, the lowest total since December 1981 when 478 vessels were recorded, Lloyd s of London Press said. At end-May 511 vessels amounting to 14.11 million dwt were laid up compared with 543 total- ling 14.65Reuter - 176 words
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348 1988-06-16 21 Lloyd's List THE US and Greece have finalised a reciprocal deal which will exempt shipowners from a controversial tax. Welcome as the news is to the Greek shipping community, the exemption will not extend to foreignbased Greek shipowners The US tax law. which introducedLloyd's List - 348 words
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216 1988-06-16 21 AFP PHILIPPINE government investigators said more than 5,000 people could have drowned in the fiery sinking of the Dona Paz ferry in December, instead of 3,000 as earlier estimated, state-run television reported. The government earlier estimated that about 3,000 people perishedAFP - 216 words
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98 1988-06-16 21 Reuter SEVERAL VESSELS were towed to safety by tugs during overnight storms in Piraeus, Lloyd's Shipping Intelligence said on Tuesday. Tugs towed the 27,046-dwt Cypriot bulk carrier Andreas P to safety from Kynosoura/Piraeus after it dragged its anchors and collided with Agelika. The 10,257-dwtReuter - 98 words
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202 1988-06-16 21 CUSTOMS OFFICIALS in Tanjung Balai Karimun, Sumatra, have received threats following the seizure of two cargo ships last month on smuggling charges. The KM Sindoro and KM Niaga XVI were seized in Sunda Kelapa and Tanjung Priok last month with more than202 words
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215 1988-06-16 21 SHIP SUPPLIERS say they may have to cut credit facilities if their I protection under maritime lien is eroded by new international legis- < lation. The warning, posted by the Lon-don-based International Ship Suppliers Association, adds that any weakening of their position215 words
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125 1988-06-16 21 INTERCONTAINER. a company owned by 23 European railway companies, has just completed a record year. The company, with its headquarters in Belgium and managed in Basle, made a profit of 110,000 Swiss francs on a turnover of around 475 million Swiss francs. At its recent125 words
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366 1988-06-16 21 A PHILIPPINE company is asking its maritime authority to trace a 37,000ton vessel, the Negotiator, which disappeared mysteriously along with its sixmen crew. A P Madrigal Steamship Co Inc informed the Philippine Maritime Industry Authority in a letter366 words
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7822 1988-06-16 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.7,822 words
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Article1250 1988-06-16 27 AT CONVENTIONAL WHARVES Birth Arrival Dapartui KEPPEL WHARVES It 06/2300 Kl7 o'ongsnie 14 06/0700 oo *32 oia*at«4* urkfwm L Pamas Suoso JI0 1606/1200 Sonto Sopphire J7 *****001 SwnIW 13 16 *****0 Sa«purno Abodi J2 16 060(00 MARINA WHARVES Meng 1 M4A olongsida Mo»*o«o Exprass M2A olongsida S1,250 words
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Article1157 1988-06-16 28 SOUTH AMERICAN grain exports dominated a very quiet day's chartering on Tuesday on the London shipping freights market as a number of openings found time-charter cover. Seaboard Grain booked the 17,700 dwt Caribbean Confidence at U556,950 a day (plus $10,000 ballast bonus) for a trip to the Caribbean after June1,157 words
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Page 19 Advertisements
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Advertisement826 1988-06-16 19 aO TIMES STP Distributors OOCL Orient Oxiqus Cmidrnt Line WW/ «gents JARDINE SHIPPING AGENCIES (Rc| No 2428 M/ 00K) 200 Cantonment Road #12 05 Southpomt. Smppore 0208 T«l *****11 TELEX NO RS ***** TERMINAL CFS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG826 words
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Advertisement89 1988-06-16 19 raps IMPROVEMENTS in the dry bulk carrier and tanker markets have drastically reduced the volume of bulk tonnage committed for demolition so far in 1988, with scrapping levels currently around a quarter of those seen in a depressed 1987. Page II THE US and Greece have finalised a reciprocal deal89 words
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Advertisement655 1988-06-16 19 THE SPECIALIST IN: Wire Rope Slings Lashing Materials Lifting Gears INTEBMAMNE SUPPLY CO. (PTE) LTD. TEL: 2KMS (I UNEB) TLX: NCCO RS MB FAX: MM77 A V* ft MAERSK LINE THE SHORTEST DISTANCE BETWEEN WEST GERMANY AND STRAITS IS MAERSK LINE To Europe UK Srandmavia Finland Th« mm Arthur Mtrtt655 words
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Page 20 Advertisements
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Advertisement526 1988-06-16 20 Enquiries call: Changi International Distribution Services Pte. Ltd. Tel No: *****53(6 lines) Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT 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 AT 'KOBE 4/7, *TYO 7/7 CONV/SEMI-CONTAINER SERVICE TO526 words
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Advertisement18 1988-06-16 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National vM&ffc) Shipping Association.18 words
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Advertisement492 1988-06-16 20 AmTrans AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO In" I "\il I- V" ''"1 £3 A. I czn E3EHL3E3 cidnin □HUEIEI ACCEPTING CARGO TO ATLANTA, SAVANNAH. BALTIMORE, MAW, TAMPA OTHER U S EAST COAST NMR ON RFOUFST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA:- PUERTO CABfUO SANTOSRK> GRANOE.492 words
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Advertisement1141 1988-06-16 21 The Straits Steamship Group w i Mansfield Container Shipping PteLtd P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT: NABMUM Dims Alao Accepting Cargo Fon H Caataa, Ajrh CONTAINER SHIP SERVICE FROM UK/COHTIHENT: MiyuiDc r»o~~ S5? r L» Hi S-ton IPKlant Sapors I H'Kof* Kao MMMWK £XP«SS SmM Sato UMU 1» 16* X*1,141 words
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Advertisement759 1988-06-16 21 NOTICE VOTAINER Votainer BV, the container consolidation group of Van Ommeren Ceteco group of companies with head office in Rotterdam, the Netherlands hereby announces that: 1. With effect from 15 June 1988. Searoad Services Re Ltd will cease to be the S agent of Votainer BV for Votainer's non vessel759 words
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Page 22 Advertisements
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Advertisement425 1988-06-16 22 CIS I NOSE m MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN IRAN VAHDAT A VESSEL Singapore Sailed 3M SERVICE Loading forBANDAR ABBAS BANDAR ABBAS JAPAN/KOREA SERVICE Singapore m Loading for:JAPAN. KOREA KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 30/6 LAE. PMB. RBL. HRA MICRONESIA425 words
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Advertisement719 1988-06-16 22 IM/4 St. tr* I*C C9**9*A r/#» FULLY CONTAINERISED SERVICE KOREAN CHANCE 37W 22/6 ACE CONCOtO 15» 26/6 OMENTAL CHIEF MM 3/7 TRANSWORLO MIDGE ON 10/7 NEPTUNE DIAMOND 7CW 13/7 NEPTUNE CRYSTAL 4CN 17/7 Spar* LaMiyrt Fstow* R'ton H kwf havan 10/7 t/7 14/7 12/7 (12/7) 14/7 15/7 16/7 11/7 I*7719 words
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Advertisement304 1988-06-16 22 FREIGHT LINKS EXPRES, PTE LTi DIRECT SERVICE TO BOMBAY MADRAS: ETA 20/6 AUSTRALIA/ NEW ZEALAND SYDNEY, MELBOURNE FKMANTLf AUCKLANO, WELLINGTON, LYTTLETON, OUNEWN ft NAPIER EUROPE HAMiURG, ROTTERDAM FEUXSTOWE, LONDON Alto cxxspfing to: Seondlnavton ft European inland d«stn. EURO-AFRICA SERVICES FOR. fORTO, LISBON, OR AN, BILBAO MADRID, MALAGA, MEULLA, TANGER, TENERIFE,304 words
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Advertisement682 1988-06-16 22 wtiii imu ttiTiAjf iuiu9uaj f uuae ID, ***** Full Container Service ound-Jlie-World East Bound (FE/CARIB/USEC/EURQ/FE) ever GROUP EVER OVEN EVER GROWTH EVER GRAND EVER CLEAHY EVER GENERAL ALSO ACCEPTING CARGO TO: 1) PROVIDENCE. NEWARK. SAVANNAH. SOS TOM PHILADELPHIA NORFOLK JACKSONVILLE WIUMNCTON. VmuOA ETC WUU JACKWWVILLE. 2) ATLANTA. CHICAGO DETROIT COLUWUS682 words
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Page 23 Advertisements
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Advertisement672 1988-06-16 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL QOWA HOT A EAGLE MAJAPAMIT S! M S! SJ 2 KTC YOK MOO KOB BUS 21/f 23/f 2SNI 17/f 2M 4/7 8/7 f/7 12/7 it/7 it/7 11/7 13SS 1/7 In 7/7672 words
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Advertisement239 1988-06-16 23 NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS TO: INDIA/PAKISTAN PORTS NORBULK NBJG2 2UI INCHC -LOADS INDONESIA PORTS. SUBJECT TO CHANGE WITH/WITHOUT PRIOR NOTICE SPORE MARATHON UNITED AGENCY PTE LTD TEL KL PK S P YEO SHPG TRDC KL PK *****01 PENANG TANJONG MARINE SON239 words
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Advertisement398 1988-06-16 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FROM PENANC AND EAST MALAYSIAN TORTS TAS MAN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA. FIJI AND NEW ZEALAND Til MAIN LINE MKC NOUMEA SUVA AJU NAP TIM 23/6 ANANGEL LEADER SS398 words
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Advertisement480 1988-06-16 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SANUOERA INDONESIA P.T. TRIKORA ILOT EXPRESS SEMI CONTAINERSHIP SERVICES MATARAM/21WB S PANJANG/19WB KUTAI/ISWB BILBAO ANTWERP H'BURG/ ROAM/ADAM BREMEN 27/7 1 It I/I 11/ l 19/9 22/9 S«*tact to Inducamant. Also accapttng cargo to Casablanca. Po Said. Port480 words
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Advertisement382 1988-06-16 23 Page V k I i BOUSTEAD SHIPPING AGENCIES 1* M AN vum PAGAN VUM BURMA FIVE STAR SHIPPING CBRPMIATIfIN (Burmese National Line) Loading for Rangoon S'pore P.Kelang Ptnang Bangkok BANK LINE J.\ Ulii^ NORTHBOUND TO UKC SPOKE ROAM HULL HMI CLYDEBANK V23N »/6 24/7 1/0 20/7 TAMAITAI SAMOA VI3N IS/7382 words
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Page 24 Advertisements
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Advertisement736 1988-06-16 24 Kline KAWASAKI KISEN KAISHA, LTD. ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM ORIENTAL FAIR RAINBOW BRIDGE NEPTUNE GARNET ORIENTAL FREEDOM N. AMERICA-ATLANTIC COAST VOY *INDO VOY LB •PK/PNG 14/6 20/6 27/6 4/7 N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST FEEDER VESSEL NEPTUNE DIAMOND NEPTUNE CRYSTAL CHINA CONTAINER MOTHER736 words
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Advertisement352 1988-06-16 24 Accepting LCL and containerised cargoes Direct to South Africa I S'pore I Durban P.EHi NEDLLOYD BANGKOK MM NEDLLOYD COLOMBO 5635F OSAKA MARU 5740F CANOPUS OSOIF 'Subject to inducement HAYAKAWA MARU S43SC VIRGO 0301G VAAL 5536G P.Eliz C.Town Durban 13/6 14/6 17/6 V 6 7/6 14/6 2V6 26/6 29/6 Jmrdmc JAROINE352 words
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Advertisement592 1988-06-16 24 VM INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers S. 0 NACALANO V HH ORIENT SUCCESS V 101 INDIAN COURIER V JIN V NANDINI VSW TI6ER BAY V 31 VISHVA PARIMAI V 2M ORIENT SUCCESS V.llO INDIAN COURIER VJ7N TICER MY V B* ORIENT SUCCESS V.lll S O NANIPUR VJM TICER592 words
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Advertisement674 1988-06-16 24 GOLDEN LINE Wft tV GUAN GUAN SHAPING (PTE) LID a. T«M Ar* StrMt 1 ««4 SINGAPORE OltM TEL 5343W (10 LINES) Faa: SMBM STRAITS/PERSIAN GULF SERVICE: S port p* M r* GOLDEN HARVEST Cotombo/Kvadu/Dutei In Port GOLDEN WONDER Karachi/Dubai/Damnum 8/9 Jul CHINA SERVICE Ml TUN SMAN Xinawif 2S/» Jww A674 words
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Advertisement561 1988-06-16 24 SHIPPING TIMES, Thursday, June 16, 1988 PHI LI Oni€NT LIN€S PT€ LTD HEAD OEEICE 63 RDI.NSON ROAD »0' 12 AfRO ASIA BUILDING SINGAPORE 01C5 TELE* RS ***** PM.ll FAX *****76 emt/fm hit Fa t Ld samcE ETA SINGAPORE M.KONG. KOBE, TOKYO, KEELUNG, KAOHSIUNG, MANILA. BANGKOK. BUSAN JAKARTA TBN NEW GENTRADC561 words
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Page 25 Advertisements
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Advertisement809 1988-06-16 25 NEPTUNE AGENCIES PTE. LTD FE EU/AUST TP A/SEA Q«r>«ral EnqulrlM: T*l: *****77 Terminal CfS BOOKINGS *****53 *****42 *****22 *****43 *****19 *****1* NEPTUNE ORIENT LINES LTD PMUn« NEPLINE SON BHD 3HM7 K Lumpur NEPLINE SON BHD *****33 Penang NEPLINE SDN BHD *****5/6276i0/*****1/67m2 J .Mm NEPLINE SON BHD. *****0/*****1 *****53 *****42 *****11809 words
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Advertisement485 1988-06-16 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO KELANG, PENANG. KEELUNG, BUSAN. INCHON WEF JUNE 1) BUSAN SINGAPORE 2) SINGAPORE/ KEEL UNO 10 DAYS SERVICE It SERVICEI! Vmml i Nam* HO OS SPO*£ PKELANG KEE BUSAN MOJI No Donam/MEN oyot 212 M* ?4»« 01/07 05-07/07 No I OonMVOOSN 17/01485 words
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Advertisement938 1988-06-16 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 Tele* Numbers RS ***** RS ***** RS ***** PENANC P KELANC MESSRS HAI THONG SHIPPING 127 Penjng Street. Ptmng. Malaysu M S HANOLINC SYSTEM CO938 words
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Page 26 Advertisements
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Advertisement319 1988-06-16 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEI 225 6868 i3O Lines *AX *****39 *****76# TILEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DfcUTF RACHT/SEEREEDEREI RQSTOO INTEGRATED FULL CONTAINER SERVICE TO EUROPE WH.HELM PIECK 4/ttll* C2/S 4/7 RUEBELAND S/M b9;6 I— 16,7 ARKONA S*B 16.7 20 7 1/1319 words
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Page 26 Miscellaneous
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Miscellaneous145 1988-06-16 26 Regional Weather YT7I lis fi ME <c z 5 r A 0 r V 8 x fes Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. June 16, 1988 LEGEND R Thunderstorm Temperature °C Shower Weather w »nd direction with speed in knots Rain L/ cioud, a, w,v hrt145 words
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Page 27 Advertisements
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Advertisement487 1988-06-16 27 FARGO SHIPPING COMPANY (PTE) LTD »o 15 Hoe Chiang Road «13-02 Sanford Building. Singapore 0208 Tel *****22 Tlx ***** FASCO ABC CDNTAINERLINE N.V. V TO AUSTRALIA/NEW ZEALAND VSL V W 12 DAYS TO MELBOURNE! TO USA/CANADA VS. •M mm BWSSEI ANTWERPEN C. VEROLME TNT EXPRESS J!" WAREHOUSING TRANSPORTATION LCL Acceptance487 words
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Advertisement217 1988-06-16 27 CHINA, HONS lONS, BANGKOK, KEELUNG, KAOSHIUNG, ROM, MAMLA, OUSAN, INCHON, TOKYO, YOKOHAMA, OSAKA, COLOMBO, CALCUTTA, FELIXSTOWE, HAMBURG, BOMBAY SYDNEY, MOB, KARACHI CHITTAGONG, LEGHORN. JAKARTA, NAGOYA, GOTHENBURG. ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destitutions ACCEPTING fCL/LCL AND CONVENTIONAL: lOMNPK Foe P./PKG 2VS V 7 V 7217 words
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Advertisement545 1988-06-16 27 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 CO IRAQI LINE '**0 S T T f to< aißiTiai WEST bound service ETA S POR£ LOA IBM BASSAM Sail* Sue ■V BABYLON M Ho* LOADING FOR Siml USA (EC/WC) THROUGH B/Lt to BAGHDAD UPON REQUEST ACCEPTING545 words
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Page 28 Advertisements
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Advertisement251 1988-06-16 28 Hai Sun Hup Co (Pte) Ltd n TEL *****06 (20 Lines) TLX RS ***** RS ***** fc. I \S 1 K\ K K. Ill) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Moji •Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN CHINESE PORTS, SUBJECT INDUCEMENT251 words
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Advertisement299 1988-06-16 28 m'mmm D COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMkCOHTAICF SERVICE TO (ASIA-SOUTH PACIFIC JOINT SERVICE) HENRIETTE SCHULTE 26/6 To Port Moresby, La#, Rabaul, VIS Kimbe, Kieta, Honiara BEECO ASIA V4S 10/7 via Transhipment to Wewak, Kavieng, Orobay, Alotau Port Ketone's Agent: M C Tel: *****1/4 SMN>299 words
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Advertisement69 1988-06-16 28 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Agem MNON-MM SHIPPING (S) PIE LTD Tel: *****88 (8 Lines) Tlx: RS ***** :iN CHIAO SHIPPING AGENCY PTE Liu FOR BOOKINGS TEL *****81 TLX ***** NEWSHIP Singapore/China Direct Service S par* Loading For ■V HUA BAO 14-U/JUN HUANCPU m rwog69 words
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Advertisement671 1988-06-16 28 MUM® CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 '07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 CONTAINER SERV TO EUROPE FEEDER BUTANC 453 B BUTANC 4S B BUTANC 457 li.H", lII' j i'TliT !.TT MgjgMAgM. COPENHAGEN HELSINKI. MALMO OSLO. roCKHOUIIw FROM EUROPE671 words
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