The Business Times, 12 July 1988
1988-07-12
1
30
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The Business Times
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Title Section11 1988-07-12 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, JULY 12, 1988 75 CENTS11 words
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Article262 1988-07-12 1 AFP Dow Jones up WALL STREET strengthened in early trading yesterday. The Dow Jones Index rose 9.07 points at 2,115.22 after 90 minutes. Analysts attributed what they said was renewed market confidence to the expectation that US businesses would report high secondquarter profits on the heels ofAFP - 262 words
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518 1988-07-12 1 WILLIAM CHIA - Company facing excess capacity worldwide By WILLIAM CHIA AMERICAN computer giant Data General is selling its minicomputer assembly plant and a plant making multi-layered printed circuit boards, ending five years of manufacturing operations in Singapore. Although a Data General spokesman declined comment, sources518 words
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Article, Illustration263 1988-07-12 1 REGIONAL stock markets closed firmer in moderate trading yesterday despite nagging concerns about higher US interest rates among some investors. Singapore share prices closed marginally higher in sluggish trading as institutions were generally waiting for the market to adapt to the new trading system introduced263 words
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Article89 1988-07-12 1 THE RISING US dollar levelled off in moderate but nervous trading in Europe yesterday in response to a round of concerted central bank intervention. The central banks of West Germany, Switzerland, Italy, Belgium, the Netherlands and Austria sold dollars to brake its rally. Dealers89 words
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482 1988-07-12 1 AFP SINGAPORE and the Soviet Union held high-level talks yesterday after almost a decade of cool relations, with prospects of an early boost to bilateral economic cooperation. After an hour of talks with Foreign Minister S Dhanabalan, Soviet Deputy Premier Vladimir KamentsevAFP - 482 words
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157 1988-07-12 1 AFP CHINA has decided to open a free-trade zone in Shandong province for South Korean investors. The pro-government Korean Herald yesterday quoted Han Gui-Huan, a visiting ethnic Korean professor from China, as saying that the move had already been approved by China's StateAFP - 157 words
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Article, Illustration545 1988-07-12 1 LOH HUI YIN - By LOH HUI YIN STRATEGIES that will make Singapore a "technopolis" in the Asia-Pacific region in the 21st Century were spelt out by the Prime Minister yesterday. Speaking at the forum held to commemorate his visit to Hokkaido, Mr Lee KuanPhoto by YOW YUN WOH - 545 words
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Page 1 Advertisements
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Advertisement78 1988-07-12 1 Nikon The World s Finest Photographic System QUESTION What do you call a mechanical pencil... that doubles up as a ball pen? ANSWER of course. PILOT has done it again! The ultimate answer to the art of convenient penmanship, the PILOT Switch! Switch has an automatic lead feeder for non-stop78 words
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Advertisement410 1988-07-12 1 A BT special supplement BARGAIN BASEMENT: The stocks to watch in the next six months. Analysts from the major stockbroking firms make their pick. PLUS What has brought the foreign brokers to town? Just how true and fair are company accounts? BT Top 100. In BT's special supplement on the410 words
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Advertisement316 1988-07-12 1 Nikon The World s finest Photographic SfStem Shipping Timet comes at a separate section today. Make sure you get your copy. FOUR CARDS For The Price Of One <x> Hongkongßank V -i-r J=r ■2i Cord sc i V CaM When you apply for either a Hongkongßank Visa card or MasterCard,316 words
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HOME NEWS
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Article, Illustration473 1988-07-12 2 MARTIN SOONG - By MARTIN SOONG COMPUTER COMPANY NCR Singapore is embarking on an aggressive $10 million push to raise its corporate profile as well as its market share in the office automation and manufacturing sectors. The investment programme, to be funded internally473 words
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304 1988-07-12 2 SCOTTS HOLDINGS (Re) Ltd is conducting special courses for tenants of Scotts Shopping Centre to ensure quality service to customers when the renovated centre is fully opened in early August. Twenty-two sales staff from the various stores were advised on the finer points in304 words
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Article, Illustration394 1988-07-12 2 THE CONSTRUCTION Industry Development Board (CIDB) will lead a team of contractors and developers to Thailand and India later this year following successes notched up during a recent trip to Taiwan. The CIDB chairman, Dr Cham Tao Soon, said the mission to Thailand would leave in394 words
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412 1988-07-12 2 ANNA TEO - By ANNA TEO SEVERAL JAPANESE companies, including some which do not have a presence here, are keen to expand their business in Singapore, three trade missions to Japan learnt recently. Major trading companies Itoman, Matsushita and Kubota plan to use Singapore as412 words
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414 1988-07-12 2 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent ENCOURAGED by strong demand, factory and warehouse building is back in fashion among private developers. The latest data from the Ministry of National Development shows that developers secured planning approval for some 48,900 sq m of414 words
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Page 2 Advertisements
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Advertisement292 1988-07-12 2 I I A r m V u *i 1 j 111 1:11 V «^J. id X V 7#l V. W t wmi 25^000OPTIONS, tERTA—YACAB FORDKBIOtI MMM The new BMW 3 Series has been "designed with sleeker stylish lines but more importantly has been designed to meet your individual needs. Whether292 words
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ASIA – PACIFIC
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346 1988-07-12 3 Reuter INDONESIA is backing off its push for a nuclear-free zone in South-east Asia, worried that the policy might force the US out of the region, a senior US official said on Sunday. Indonesia's policy of supporting a ban on nuclear weapons inReuter - 346 words
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Article119 1988-07-12 3 AFP INDONESIA and the United States signed a tax treaty yesterday that is expected to enhance American private investment in Indonesia, foreign ministry officials said in Jakarta. Visiting US Secretary of State George Shultz and Indonesian Foreign Minister Ali Alatas signed the agreement to end theAFP - 119 words
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178 1988-07-12 3 Reuter INDIA would reconsider its nonnuclear military policy if it discovered that Pakistan had atomic weapons. Prime Minister Rajiv Gandhi says. Mr Gandhi told the Madrid newspaper El Pais in an interview published on Sunday that India did not at present want to becomeReuter - 178 words
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251 1988-07-12 3 AP GTECH CORP, the world's leading maker of computerised lottery systems, has its eyes set on the world s biggest market: China. The company is negotiating a contract to set up ticket-printing plants in China, a deal that executives hope will eventually lead toAP - 251 words
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Article, Illustration569 1988-07-12 3 Prince cancels scheduled visits, going into exile Reuter AFP PRINCE NORODOM Sihanouk has resigned as president of the UN-recognised Cambodian guerilla coalition and will take up exile in France. In a statement dated Sunday and released in Bangkok yesterday. the prince said he wouldReuter; AFP - 569 words
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432 1988-07-12 3 UPI THE HEAD of an Afghan guerilla "government-in-exile" has rejected a peace proposal for Afghanistan by UN envoy Diego Cordovez, which he said could lead to a "further deterioration" of the country. "The efforts by Diego Cordovez could not ensure peace and tranquility inUPI - 432 words
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Page 3 Advertisements
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Advertisement99 1988-07-12 3 1111 ill \ki RfmfmrißS i mi I \sn 01 Sijmmi r And I 111 Dl I l( II S( NAII RE I I NADAMAN I I kl II R\S Hi < \i si iin ki iis I o\(,inc.s AN 111 I I I I II I II) Japanese Restaurant NADAMAN99 words
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Page 3 Miscellaneous
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Miscellaneous52 1988-07-12 3 Doonesbury youumteumus, nept i GOT ELEMENTS OUTTHBMZDO! FOR LEAP, lyEGOreiVtE MURPHY AS A MAJOR HAm! FORDtRECTCR.I'MON SPIELBERGS SHORT UST OF CALLS HPS AND FOR CONCEPT, tVE GOT A HOT NBMI SPIRITUAL MOVEMENT! TUB MM&LL BB THE VISUAL EQUIVALENT OF NEW AGE MUSIC HIP, HON- CT w S3 11 it BY52 words
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REST OF THE WORLD
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410 1988-07-12 4 British deal said to threaten security AP ISRAELI LEADERS denounced on Sunday a multi-billion-dollar British weapons deal with Saudi Arabia as a dangerous escalation of the arms race in the Middle East and a threat to Israel's security. Army generals said the deal, whichAP - 410 words
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Article, Illustration199 1988-07-12 4 Reuter BRITISH OPPOSITION Labour Party leader Neil Kinnock looked across no-man's land into South African-ruled Namibia on Sunday and called on Western governments to support the black-ruled states confronting Pretoria. Mr Kinnock and his wife Glenys peered through binoculars in Zambia at the South AfricanReuter - 199 words
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122 1988-07-12 4 AFP TOP BUSINESSMEN from Britain and Japan met over the weekend in Scotland to examine ways of assisting British firms in breaking into the Japanese market. After the meetings in the seaside golf and university centre of St Andrews, British Industry andAFP - 122 words
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298 1988-07-12 4 Reuter NEW SOVIET initiatives on disarmament in Europe are expected to emerge this week during a six-day visit to Poland by Kremlin leader Mikhail Gorbachev, according to diplomats from East and West They say Mr Gorbachev could signal partial Soviet troop withdrawals from EasternReuter - 298 words
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280 1988-07-12 4 AP THE criminal investigation of former Philippine president Ferdinand Marcos and the US Defence Department bribery investigation head the US Justice Department's agenda as Attor-ney-General Edwin Meese 111 prepares to leave office. Federal prosecutors are asking for approval from Justice Department superiorsAP - 280 words
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416 1988-07-12 4 UPI RETIRED MARINE lieutenant colonel Oliver North, who is scheduled to face a jury on Sep 20 on criminal charges from the Iran-Con-tra scandal, has charged that the timing of the trial is politically motivated. North addressed a USSIOO-a-plate fund-raiser in Dallas. Texas, onUPI - 416 words
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Article1056 1988-07-12 4 Opara ARRIVALS lor S*rvtc* Local From SU UAL CAl NCA AKL FU JAL CAL MAS CU ACA MAS SVA SU MAS MAS ACA SU CAL CM GU SU MA SU GU TMA SU THA GU MAS SU SU SU SU FU DIH GU SU SU KLM THA1,056 words
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Page 4 Advertisements
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Advertisement15 1988-07-12 4 111 H R CO 00 Q} t tC CD £tcn 52. Co O D 9L </>15 words
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Advertisement17 1988-07-12 4 JLW Investments m m m m m WW 5!3 +N m Jones Lang Wootton Call 220 388817 words
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Advertisement61 1988-07-12 4 fI If \l Jw Irl If Th e business person's chc*ce. every I I II I 11 I Tuesdoy, Thursdoy, Soturdoy and I 1 /IX 1 II II I Sundoy. Leoving Chongi Airport at JL V/l _1_ 22.05 hours ond arriving at Lester B. Pearson International Airport the following day61 words
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Page 4 Miscellaneous
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Miscellaneous278 1988-07-12 4 City Max/ Note MJn ro Adelaide 16/10 Rm Amsterdam 24/14 Clear Athens unav Bahroin 40/31 Clear Bangkok 33/26 Sunny Borbodos unav Beijing 34/23 Cloudy Beirut 30/25 Sunny Belgrade 27/17 Clear Berlin 23/12 Ciowdy Bermuda 29/20 door Bonn 28/24 Cloudy Brisbane 19/14 Cloudy Brunei* 22/10 Clear Budapest 25/15 Clear Bwonos Aires278 words
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Miscellaneous660 1988-07-12 4 CRYPTIC PUZZLE ACROSS 3 People causing a bit of a palaver in a ship (5) 8 She won round an educated man (5) 10 What a knocker may be hoping to do (5) 11 A little pub music? (3) 12 Thus states the bandmaster (5) 13 Gives straight orders (7)660 words
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Page 5 Advertisements
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Advertisement315 1988-07-12 5 Hopefully, information technology will be commonplace a decade from now. In (he meantime, here's an example of how it can lx>ost our economy: N" I C Introducing the new Mercedes-Benz S~Class. When you turn the ignition, key of your new S-Class in the morning, something remarkable happens under its gleaming315 words
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COMMODITIES
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385 1988-07-12 6 Reuter AFTER INFLUENCING world grain prices for more than 15 years with huge purchases of wheat and corn, the Soviet Union is now also emerging as a powerful force in international soybean markets. It has begun an aggressive campaign to give itsReuter - 385 words
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Article196 1988-07-12 6 Chines* Produce Exchange StUfn' noon dosing pd k*s on July 11 (S$/100 kg) Coconut oil Bulk FOB 128.00 OW drum FOB 142.00 N*w drum FOB 138.00 Copra Mlx*d (loos*) 72 soMors Pepper Muntok whit* FOB NtW 952J0 Sarawak whit* FOB faq NLW 937.50 Sarawak special black FOB NLW196 words
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Article365 1988-07-12 6 Reuter Malaysian crude palm oH futures closed weaker yesterday, extending Friday's limit losses on further liquidation in increased trading activity. They said the fall reflected a weaker Chicago soybean futures close last week and followed reports of rain in parts of the US Mid-west on Sunday. Oct deliveryReuter - 365 words
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Article293 1988-07-12 6 Reuter HONGKONG: Gold closed slightly higher yesterday in active trading, pushed up by buying by local and Taiwan investors. The metal opened weaker in slow morning trading. Buying orders from Taiwan poured in during the afternoon, and the price closed near the day's highs. Bullion ended at U*****.50/440.00Reuter - 293 words
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Article388 1988-07-12 6 SINGAPORE The rubber market yesterday cloeed lower with August One RSS bid at 252.00 cents/kg, down six cents from Friday s close. Prices were slightly lower at the outset and continued to move lower due to lack of buying support in very quiet morning trading. Prices retreated further in388 words
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Article196 1988-07-12 6 Reuter MCREASED oeiwn demand pushed the Kuala Lumpur tin price to a jfMr niyii Of M 519.06 a kg at the does, up SO oenls from Friday, deelsrs said. R wae last quoted at Me level In March IM6. The bullish sewtoneH was attributed to active European andReuter - 196 words
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Article286 1988-07-12 6 RAS prices mt« MMftFO total* NOON aosc fcrynrt SeHers Bvysrs Silin In* 1 RSS Prompt 257.00 *****N 252.00 253.00N bw 1 RSS Aug 88 257.00 258.00N ***** ***** In* 1 RSS Sap 257JO 258.00 252.00 ***** Int 2 RSS Of 255.00 257.00N 252.00 *****N In* 3 RSS286 words
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Article72 1988-07-12 6 AUGUST 1988 (currant month) SCPTEMBa 1988 (forward month) RAS NOON t«W* iihri NOON SSt 20 SSI 50 MRELB 277XX) 225.00 >»|wn 229j00N 277AON Satan 277X)0 225jOO Ivytrv 229jOON 227.00N SsAsrs SMt cv SMC I SMt 5 SMt GT SMt 10 SMt 20 SMt 50 530J0 530.00 316-5072 words
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Page 6 Advertisements
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Advertisement41 1988-07-12 6 Korean Ginseng, once more valuable than gold, is now served piping hot exclusively on Korean Air Prestige Class flights worldwide. For more information about the prestige business class you deserve, call Korean Air on *****11. KSREANAIR THE ART OF JOYFUL FLYING41 words
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Advertisement142 1988-07-12 6 Our businessman's package packs a mountain of attractions for just M$ 135. *4 X Every businessman's package starts with a good deal. For just MSl3s++ a day, you can have a single/twin guestroom at Hyatt Kinabalu International, and all these perks: 20% discount from Kinabalu Rent-A-Car. 10% discount at Kinabalu142 words
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Page 7 Advertisements
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Advertisement477 1988-07-12 7 Compaq announces two bits of bad news for the competition. i SHH« r HI I te &9$ pi '•:<*'. Iras v j* W&WSSm§ v *3^N3J^*§ -,x- «i«»* j |p v<; #3it >/V; ;<s.> 7-':~ C^: I §m t c, ViMWPB v>> Bad News it: Our Competition isn't going to like477 words
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PERSPECTIVE
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Article500 1988-07-12 8 SINGAPORE swears by the philosophy of free movement of goods and people. If something is not available locally, buy it from abroad. If there are not enough local bankers and engineers, attract them from elsewhere to work and, better still, to strike roots here. So it500 words
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Article, Illustration966 1988-07-12 8 THOMAS J LUECK - New York's position as the world's leading business centre is being challenged. Cities in Europe and East Asia, including Singapore, are set to play bigger roles in the future, reports THOMAS J LUECK. THOMAS J LUECK NYT AT A TIME when theNYT - 966 words
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REGIONAL VIEWPOINTS
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Article227 1988-07-12 9 Our weekly summary of what other publications have to say about issues of regional interest ASEAN "THE ASEAN foreign ministers in their annual meeting in Bangkok apparently have completed a rough scenario as to how the endgame should be played out as far as the nine-year-old Kampuchean227 words
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Article188 1988-07-12 9 THE GULF "THE INCIDENT shows that, prompt apologies notwithstanding, Americans can be just as murderous as the Soviets, who were fiercely excoriated when they destroyed KAL--007 More than this though, the aerial massacre draws attention to a nebulous war that has been going on for some188 words
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Article194 1988-07-12 9 INDONESIA "WITH THE depressing backdrop of the mind-boggling Pentagon corruption scandal and reports of a rising anti-American sentiment in East Asia, the United States is celebrating its 212 t- birthday today. It has been so tempting lately to join the chorus of doomsday writers predicting the imminent194 words
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Article510 1988-07-12 9 MALA YSIA "THE EVENTS leading to the suspension of the five Supreme Court judges by the King clearly show inconsistency on the part of some or all of them. Most visible was the action of Tan Sri Wan Suleiman Pawan Teh and Justice Datuk George Seah. The510 words
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Page 8 Advertisements
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Advertisement266 1988-07-12 8 m mm Ma de Perfect. Swiss Made. Swiss Ouaro Movement. 101 i Plating in Rodium i Gold). Yellow Gold. Of Yeflow Gold And Rodium Cseinfl Dials In Choice Of Gold, Ivory Or Whrte And Slate Grey Engraved Cover, Option With 380® Rotating Compass I Water Resotant To 30 Metres Ladies'266 words
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Page 8 Miscellaneous
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Miscellaneous44 1988-07-12 8 Bristol F»anlcliLcien6 MmtlTMMOOain.l WOUi Dftßt FUOGt SFfcAK 1 GO»4G TO G€T BUJD DRuNK... TO me. uxe.-n-tprr p SmftSH Pk FEUJ UJIN DO LOS... LOOT A F&UJ SHOPS TURN OVER ft Cftl? OR TuO RNO pi p[jHCM OP UMTW Tvte.uAto JUST tOPiTTiu. F|V£ O'CLOCK.... 770»44 words
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Page 9 Advertisements
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Advertisement401 1988-07-12 9 nrp space-saving facsimiles offer in: from office pain due to cramped qi lack of time or low efficiency. If your office is suffering from communications ailments that need immediate treatment, see your Sharp dealer today. He has some modern cures that are easy to swallow because they're so amazingly small401 words
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Page 9 Miscellaneous
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Miscellaneous1246 1988-07-12 9 to aaa aaaia I Meredith Baxter Birney (right) being comforted by her husband, Ben Masters, in a scene from Kate's Secret TUESDAY PREMIERE Kate's Secret 10.30pm, Channel 5 Meredith Baxter Birney plays Kate, a seemingly happy woman who hides a dark secret. A victim of the eating disorder, bulimia, she1,246 words
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Page 10 Advertisements
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Advertisement736 1988-07-12 10 IBM Announces: The beginning of the end of mid-range limitations. The. Application System/400 With the Application System/4007 IBM introduces more than a completely new mid-range family. We introduce a completely new level of expectation: Mid-range without compromise. The IBM AS/400 is a new single-architecture mid-range family that can offer a736 words
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Page 11 Advertisements
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Advertisement335 1988-07-12 11 i support for SAA, a software t offers both powerful on options and a consistent Designing your company's ations around SAA will make aintain a remote link with stems and will make the themselves easier to use. new offices throughout the le need a powerful data system that can accommodate335 words
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SPORTS & LEISURE
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Article, Illustration311 1988-07-12 12 AP BELA KAROLYI. whose gym placed five women in the top 10 at the US Gymnastics Championships, "has resigned as head of the US team to the Olympics. Karolyi, who defected to the West from Rumania, said yesterday that he resigned on SundayAP - 311 words
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Article, Illustration288 1988-07-12 12 UPI AYRTON SENNA closed In on world championship leader Alain Prost on Sunday with a decisive victory in a wet British Formula One Grand Prix. The Brazilian captured the lead from Austrian Gerhard Berger on the 14th lap, after harrying the pole position man fromUPI - 288 words
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Article, Illustration295 1988-07-12 13 AP STEVE BAUER of Canada regained the overall lead as he predicted in the Tour de France cycling classic, while Rolf Golz of West Germany won Sunday's 219-km eighth stage in Nancy. Bauer, who had the yellow jersey as the overall leader after the firstAP - 295 words
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154 1988-07-12 13 UPI SERGEI BUBKA of the Soviet Union broke his own world record in the pole vault for the second time in 31 days on Sunday, clearing the bar cleanly at 6.06 metres (19 feet. 10 1/25 inches) on his first attempt in Nice,UPI - 154 words
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Article, Illustration363 1988-07-12 13 WALTON MORAIS - By WALTON MORAIS NATIONAL CHAMPION Liu Wai Yaw was in an uncompromising mood over the weekend as the Adidas Team Tennis championship made a welcome return to Singapore tennis. Wai Yaw. representing Ounlop, showed no mercy on his three opponents. But it363 words
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229 1988-07-12 13 UPI TOM SIECKMANN sank a two-foot putt for par on the second hole of a suddendeath playoff against Mark Wiebe on Sunday, winning the U*****,000 AnheuserBusch Golf Classic in Virginia. his first PGA Tour victory. Sieckmann forced a playoff with a 10-foot birdie putt onUPI - 229 words
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Article223 1988-07-12 13 UPI FOURTH-SEEDED Wally Masur breezed to a 6-2, 6-1 victory over practice partner and fellow Australian Brad Drewett in only 55 minutes on Sunday, winning the US$l5O,OOO International Tennis Hall of Fame championships in Newport. Masur, the only seeded player to make it asUPI - 223 words
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Page 12 Advertisements
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Advertisement801 1988-07-12 12 COURJ/OISIERXO-WHERE TO EAT,DKINr Salutes the Ladies Chinoiserie salutes the 'fairer sex' every TUesday Night. Ladies it's your night out, for fun, and great times. Cover charge is exempted for all females, so guys, tonight's the night to spoil your gals. hwt RegencyQsingapore 10-12 SCOTTS ROAD. SINGAPORE 0922 TEL: *****88 TELEX:801 words
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Advertisement89 1988-07-12 12 My 4th, everyday The Belvedere's American buffet lunch is a month-long celebration of July 4th stretching from July 1 —31. With Prawns on ice. Smoked turkey breasts. Oyster Rockefeller. Roast US prime rib. Apple pie. California snowball and much, much more! Celebrate July 4th everyday for just $31 for adults89 words
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Page 13 Advertisements
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Advertisement300 1988-07-12 13 lENYIECTAIIN 4 I W I Sy i Catch of the Month, Fresh Salmon. July 1 to 31 The health conscious win appreciate the Hubertus Grill's Salmon Promotion Each portion of pink Salmon is low in calories, low in cholesterol ana rich in Vitamins A and D. Enjoy Salmon poached, pantried,300 words
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Advertisement193 1988-07-12 13 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OK MAIN COURSES. PALM For between $26++ and $40+ mi i y ou can se ect fr° m our appetiser vjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main193 words
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Advertisement181 1988-07-12 13 VERITY How to take your game to greater lengths. Play with Maruman's Verity irons and woods. All Verity irons have Same Position Sweet Spot which is always located at an ideal 00% from the U** and 40% from the heel of the club face. They also have Strong Power design181 words
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Page 13 Miscellaneous
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Miscellaneous37 1988-07-12 13 Play golf the Sevvy way Trouble on the left IT IS VERY DIFFICULT TO > 400K WITH A DRIVER FROM HOOK WITH A DRIVER FR A LOW TSE BECAUSE OF THE SMALL DEGREE v OF LOFTON THEVCLUDFACE > fill37 words
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MONEY AND EXCHANGES
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Article1605 1988-07-12 14 OCBC Reuter Reuter SINGAPORE: Against the Singapore dollar, the US dollar closed firmer at 2.0525/35 in volatile trading yesterday. It traded within a range of 2.0495 and 2.0535. It opened initially at 2.0490/00. Underlying dollar sentiment remains bullish supported by news of improved US June employment figures. SomeOCBC; Reuter - 1,605 words
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Article66 1988-07-12 14 THE OVERNIGHT rate on the Singapore money market fell 2 points to close at 2-1/2 per cent yesterday. One month rose 1/8, two months rose 3/16 and three months rose 1/16. S$ Interbank rates at the dose y ester day: on mo v/wttv2L* 2 1/2 2 1/4 466 words
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Article115 1988-07-12 14 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MD OFFER HKJH LOW 3 momtw BQ*****X 06.10.88 4.03 3.98 3.98 3.98 6 month* BY*****T 24.11.88 4.08 4.03 4.09 4.00 1 year BY*****Z 23.3.89 4.10 4.05 4.10 4.10 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing115 words
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Article, Illustration183 1988-07-12 14 Indicates Km average of Ihe prima tending rates of 12 major banks in S'pors Interbank market rates (offer/bid) on July 11 uss DM SWFC 7 doys 7 13/16 11/16 9 1/4 1/8 4 J/» 1/2 3 3/8 3/8 4 1/16 15/16 1 M* 7 13/16— 11/16 9183 words
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Article463 1988-07-12 14 After the steep plunge in Chicago's trading session last Friday due to the strong employment figure. Eurodollar futures recovered on Simex yesterday from Chicago's low. The stronger US dollar prompted short covering which saw the Sept contract rebounding to 91.76 before sliding off again to 91.73 following the direction463 words
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Article186 1988-07-12 14 Reuter IMM currency futures finished on Friday with sharp daily losses but above session lows set late. Stronger-than-expec-ted June US job data punched prices lower amid growing sentiment that a robust US economy could spur tighter US monetary policy and lift the dollar further. Despite several rounds of reportedReuter - 186 words
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356 1988-07-12 14 Reuter CENTRAL BANKERS of leading nations met yesterday hopeful that they can clinch an historic accord fixing the minimum amount of capital that a major bank must hold. A key goal is to protect the global banking system, and everyone's savings, against a domino-styleReuter - 356 words
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301 1988-07-12 14 LEONG WEN WAH - By LEONG WEN WAH DBS TRADING Pte Ltd, the futures arm of DBS Bank, has introduced a cash margin trading facility for its customers. The facility has been transferred from DBS Bank to DBS Trading, a clearing member of the Singapore International Monetary Exchange.301 words
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91 1988-07-12 14 APF A FORMER economic adviser to US President Ronald Reagan said yesterday the dollar needs to fall at least 25 per cent against the Japanese yen, press reports in Tokyo said. Martin Feldstein, Mr Reagan's chief economic adviser from *****5. told aAPF - 91 words
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Article157 1988-07-12 14 THE United Overseas Bank has started selling Platinum Noble coins the only pure platinum coins with legal tender that can be traded. These coins, of 99.95 fineness, are available in four sizes 1/10 troy ounce. 1/4 troy ounce, 1/2 troy ounce and one troy ounce.157 words
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190 1988-07-12 14 Reuter KUWAIT has ordered commercial banks in the country to sue debtors who have defaulted on their loans and refuse to cooperate with a government rescheduling scheme, the Central Bank governor said. Sheikh Salem Abdelaziz a I-Sa-ba h said preparation of settlement proposalsReuter - 190 words
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Article245 1988-07-12 14 Reuter ASIAN DOLLAR deposit rates ended little changed yesterday from opening levels, and trading turned quiet in the afternoon session. dealers said. They said most operators refrained from taking positions in the afternoon because of lack of interest The market is waiting for Friday s release ofReuter - 245 words
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98 1988-07-12 14 AFP JAPAN'S leading long-term credit banks are to double their ceiling on loans to business firms during the July-September quarter. The Japanese newspaper, Nihon Keizai Shimbun. said yesterday the three banks were forced to revise loan programmes to double the ceiling to aAFP - 98 words
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Page 14 Advertisements
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Advertisement40 1988-07-12 14 HY SETTLE FOR LESS? INSIST ON THE BEST! YORK SPARE PARTS CENTRE For your convenience YORK spare parts are now available over the counter YORK AIRCONDITIONING AND REFRIGERATION, INC. 29 INDUSTRIAL ROAD SINGAPORE 1953 TLX: RS ***** YORKSIN FAX: *****1540 words
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Advertisement148 1988-07-12 14 Keep yourself constantly informed of the latest developments in Japan's Steel industry by regularly subscribing to JAPAN STEEL JOURNAL, the one and only English daily journal in Japan, supplies quick, accurate and authentic news on principal events in Japan's iron and steel industry. It also closely follows daily price changes148 words
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BANKING AND FINANCE
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148 1988-07-12 15 Reuter THE SOVIET press on Sunday lifted a veil of secrecy over the collapse of a Soviet-owned bank in Zurich which lost 500 million Swiss francs (US$33O million) before it was declared bankrupt in 1985. The newspaper Sotsialisticheskaya Industria disclosed that the SovietReuter - 148 words
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Article1479 1988-07-12 15 CURRENCY FUTURES OPTIONS Monday, July 11, 1988 ocv 94 99 M 57 98 59 60 rSCHEMARK M«h (SIMEX) lM| M aaa» Lm 22A 10* 5A 3A saa 18 7 3 2 Aafl 80 p* Wga Law 33 33 2348 0a8 33 239 55 36 57 98 99 63 Oap1,479 words
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94 1988-07-12 15 Bernama THE NATIONAL Union of Bank Employees (Nube) in Kuala Lumpur has called off its week-long nationwide picketing in support of its salary claims. Nube secretary-general K Sanmugam said on Saturday the decision was made after the issue was referred to the industrialBernama - 94 words
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376 1988-07-12 15 NYT THE WORLD BANK, facing small but rising delinquencies on its loans for the first time in its history, has quietly raised provisions for loan losses to US$5OO million, from US$lOO million, according to bank officials. The action is a sign ofNYT - 376 words
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Page 15 Advertisements
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Advertisement965 1988-07-12 15 Ckmigalßaik Chemical New York Corporation and Subsidiaries Head Office: 277 Park Avenue, New York, *****. Consolidated Balance Sheet (In millions US$) December 31 1967 1966 Cash and Due from Banks Deposits in Other Banks Federal Funds Sold and Securities Under Resale Agreements Trading Account Assets Net Investment Securities (Market Value:965 words
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STOCK EXCHANGE OF SINGAPORE
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Article292 1988-07-12 16 Company RIGHTS ISSUE A M 0 B One-for-four $050 per shore C 1 Holdings 27 million loan stocks in ttie ratio of S3 loon stock for every five ordinary shores held. C K Tang One-for-two $2.25 per share. Eoch rights com with two detochoble TSRs. The exercise price292 words
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Article277 1988-07-12 16 Manooers' prices Jopon Gr Fund 1 52 157 for JUy 12 Sltanton Thrill Fund 085 085 Singapore Unit Trust UOB Management Unilund 0945 0945 Tho Co—«rc« ICO 107 Unibond 1005 103 Th* Saving* Fund 087 093 S'por* Frog Fund S'por* Sk Fund 042 070 046 075 MARA-Bumiputra S'por*277 words
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Article, Illustration827 1988-07-12 16 TURNOVER remained low on the second trading day of the new com-puter-based trading system on the Stock Exchange of Singapore yesterday. A total of 20.18 million shares worth $36.06 million changed hands, down from Friday's 23.17 million shares worth $40.35 million. Prices, however, held827 words
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Article5067 1988-07-12 16 lAAfl T«| Last Dlv Dlv Y'M N« It Vol Day Last Quote IVOO High Low Cod* Company Sale oc- Cm r P/E (*000) High Low Buyer Seller SECTION ONE INDUSTRIAL ft COMMERCIAL 139 95 1000 Aetna 122 xd -2 1.0N 2.4 08 508 50 125 122 1225,067 words
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COMPANY NEWS
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Article389 1988-07-12 17 DAVID GABRIEL - mm By DAVID GABRIEL Author Philip N Filial Title: Company Law and SocurWoe Regulation in Singapore Publisher: Butterwortha, Singapore 1987. 242 pages SHOULD a book like Company Law and Securities Regulation in Singapore by Dr Philip N Pillai be reviewed in this column, or389 words
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223 1988-07-12 17 MBT BEDFORD Bhd has told the Kuala Lumpur Stock Exchange that the widening ot its pre-tax loss for the year ended Dec 31, 1987 to M 516.71 million (from the forecast of M 53.6 million) was due mainly to write-down in theMBT - 223 words
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Article, Illustration428 1988-07-12 17 LISA LEE - By LISA LEE A CONSORTIUM comprising publicly-listed Resources Development Corp (RDC), Dutch contractor Van Oord International BV and local contractor Antara Koh Re Ltd has won a $14.4 million contract for a beach development project on Sentosa. The Dutch-Singapore jointventure is worked out on428 words
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411 1988-07-12 17 MBT BENTA PLANTATIONS expects the proposed acquisition of 32.76 million Federal Oil Palm (FOP) shares to contribute positively to its earnings for the year ending June 30, 1989. The planned purchase, which will result in FOP becoming a 65-per-cent owned subsidiary of Benta.MBT - 411 words
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COMPANY BRIEFS
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Article38 1988-07-12 17 GEORGE TOWN Holdings Bhd's shareholders have approved the acquisition of land and buildings for Ms4.4m cash, at an EGM on July 8. The vendor of the properties is Super Holdings (M) Sdn Bhd.38 words
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Article31 1988-07-12 17 PERMODALAN Nasional Bhd has acquired 109.19 m Sime Darby Bhd shares which the plantation group issued in exchange for PNB's block of 9.93 m Harrisons Crosfield shares.31 words
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Article28 1988-07-12 17 FIRST ALLIED Corporation Bhd (FACB) has a new substantial shareholder in Malaysia National Insurance Sdn Bhd, which bought 20m shares from BBMS Securities.28 words
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43 1988-07-12 17 HOTEL Royal has one substantial shareholder less, with the sale of 70,000 shares by Chip Keng Holdings Bhd for $111,150. Chip Keng Holding's stake has been reduced from 5.02 pc to 4.67 pc, representing 934,000 shares.43 words
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24 1988-07-12 17 SING Investments Finance Ltd's foreign beneficial ownership stood at 7.24 pc of total issued capital at end-June.24 words
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Article58 1988-07-12 17 Johan Holdings Berhad: 63rd AGM at Bouganvilla 2. 1st Floor, Petaling Jaya Hilton. Jalan Barat, Petaling Jaya. Selangor Oarul Ehsan on Thursday, July 14. at 11am. South East Asia Devetopmant Corporation Bartiad: 25th AGM at the Registered Office, 9th Floor. Bangunan Hong Leong. 117 Jalan Bandar. ***** Kuala58 words
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Page 17 Advertisements
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Advertisement43 1988-07-12 17 We Take A Seat In Singapore. V N Thyssen Engineering together with the Thyssen Industrie Group of Companies and Blohm Voss proudly announces the opening of its Representative Office Far East. No. 5, Shenton Way. #32-11, UIC Building, Singapore 0106 Telephone No. *****5543 words
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REGIONAL MARKETS
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327 1988-07-12 18 Reuter KUWAIT'S central bank governor has said his country might reduce its controversial 22 per cent stake in British Petroleum (BP) if market conditions were right. "The possibility is there. It all depends on market conditions,'' Sheikh Salem Abdelaziz al-Sa-bah toldReuter - 327 words
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Article3907 1988-07-12 18 POSTING double-digit advances, tin counters led the pack of winners on the Kuala Lumpur stock market yesterday, which saw prices closing generally higher. However, trading conditions remained relatively subdued. Brokers said tin counters attracted interest, especially towards the end of the morning session on3,907 words
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60 1988-07-12 18 Reuter SANYO ELECTRIC Co Ltd plans to triple transistor production at its Chinese subsidiary to 30 million a month Sanyo Semiconductor Shekou Ltd now makes 10 million transistors a month for export to Asia. Located in Guangdong province, the company is 100 perReuter - 60 words
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Article43 1988-07-12 18 Reuter CASIO COMPUTER Co Ltd expects group net profit of six billion yen in the period March 21. 1968. to March 31, 1989, after 4.83 billion in the year ended March 20. 1988, the company said yesterday Reuter.Reuter - 43 words
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Article1427 1988-07-12 18 Hongkong HONQKONQ SHARE prices finished marginally higher yesterday in quiet trading featuring technically baaed demand from local investors, brokers said. The Hang Seng Index rose 8.89 points to 2,759.59 and the broaderbased Hong Kong Index was up 3.81 to 1.823.83. Turnover eased to HK5968.79 million from HKSI.2O1,427 words
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Article124 1988-07-12 18 JULY 11 WON ChWI Sugar Daattm Ind 0—woo Corp Daewoo Haavy Oaiahin Sacuritiaa Dong Ah Phmi Dong Son Slock Dongtou Staal ***** ***** 1(600 ***** ***** 1*100 ***** ***** -500 500 -4400 •200 -500 uncfi -400 GokJ Star Hanil Bank Ham I Camant Hanfcuk Qiaaa Hanyang Chamtcal Hyundai Conal124 words
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Article472 1988-07-12 18 Reuter TOKYO SHARE prices closed higher yesterday, mainly on buying of domestic demand-related shares, but concern about the direction of yen/dollar rales dissuaded investors from taking major positions. brokers said. "The msrket is generslly mixed end investors sre sidelined," ssid Akio ishida. deputy general manager at Yasuda Trust Fund.Reuter - 472 words
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Article410 1988-07-12 18 Reuter STRONG DEMAND for quality stocks, particularly from ovsrssas buyers, sent the Australian share market surging to s poetcrash high at the cloee yesterday Market leader BMP lad the rise, with entrepreneurial etocks, reeources and retailers also finding good support, brokers said. "The market was very strong although volReuter - 410 words
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Article148 1988-07-12 18 Reuter THE SECURITIES Exchange of Thailand Index rose 0.06 points to 457.04 yesterday on a turnover of 6,884.152 shares worth 751.79 million baht. JULY 11 ■ANT A Ao Kham TM 404 Ayudhya trmaarnw 460 Bangkok Agro-lnd 132 330 1 4 Bar* CH Ayudhya Charoong That WW 380 w +4Reuter - 148 words
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Article254 1988-07-12 18 JULY 11 All Sincara IrxJua Aaia Camam Cathay Cona VXitng rrWI Bvm Ch#no Loong Chia Hain Csmant... Chin Hain Flour China Cham China Da* CMna Etact «Mra China OuM Piaa China Siaai Chung Hwa Pulp Chung Shing Ta*. Far East Oapt Far Eaai Ta* Firat Bank Formosa Chamtc al254 words
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Article72 1988-07-12 18 JULY 11 PUM Acojt Minjnn Anglo Phil Ap** Mining B AHm Con 8 o aw ....25 -0 006 2.5 Bagulo GoM BHK PMfOioum D»ngu1 Con. First PhD HWg* LapaiMo B 0 023 11.75 0 46 uncti 4 175 -0.01 ymiHl m Onantal i£Z3Z PM ri 0.088 unch PUMM B72 words
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Page 18 Advertisements
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Advertisement486 1988-07-12 18 gagiij HEAP SENG SONS CO. (PTE.) LTD. (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306(1) of the Companies Act, Cap. 50, a final general meeting of the abovenamed Company will be held at 16 Raffles Quay #18-04, Hong Leong Building, Singapore 0104,486 words
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Advertisement16 1988-07-12 18 AASP"* i W lanage BT shows you how every Monday. On target, Chart Point every Saturday16 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration178 1988-07-12 19 AP BALLY Manufacturing Corp is getting out of the arcade machines business it created 57 years ago, selling its pinball and video games business to concentrate on more lucrative ventures, according to a company official. Bally, which produced such popular games as "Pac-Man", "MsAP - 178 words
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Article109 1988-07-12 19 Reuter THE COLOMBIAN government has approved a contract allowing US firm Orummond Corp to exploit coal mines in northern Cesar province over the next 30 years, Mines and Energy Minister Oscar Mejia has said. He told reporters after the state coal company Carbocol approvedReuter - 109 words
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Article97 1988-07-12 19 AFP BANKER Andrew Hugh Smith was chosen last Friday to be the new president of the London Stock Exchange, replacing Sir Nicholas Goodison, market sources said. Sir Nicholas will leave at the end of the year. The new president is the vice-president of theAFP - 97 words
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Article92 1988-07-12 19 Reuter A FULL takeover bid may come this week for Peachey Property Corporation PLC, the Sunday Telegraph newspaper said. It said a substantial European company has recently acquired a stake of nearly 10 per cent in Peachey and it may disclose its identity and makeReuter - 92 words
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857 1988-07-12 19 NYT THE OIL industry, according to several US analysts, seems poised for a new wave of takeovers. One of the companies they are wondering about is the Unocal Corp, which is about the right size to be acquired and has justNYT - 857 words
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Article113 1988-07-12 19 HONGKONG Hongkong Index Monday 1.***** Friday 1.819 60 Ws*k ogo 1.776.80 Hang Seng Index Monday 2.759.59 Friday 2.752 90 Wwk ago 2.687 62 All Industrials Monday 2,5790 Friday 2.563.0 Week ago 2.4884 NEW YORK Dow Jones Friday 2.106.15 Thursday 2.122.69 Week ago 2.131 58 TOKYO Nikkei Average Monday113 words
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Article, Illustration213 1988-07-12 19 Controlling holder of parent to take up major share Reuter MGM/UA Communications Co, the big movia and TV company, is selling its Metro-Goldwyn-Mayar Pictures unit to an investor group, the Los Angeles Times reported on Sunday. The newspaper quoted industry sources as saying investorReuter - 213 words
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694 1988-07-12 19 NYT THE SERIES of trading halts proposed by officials of the New York Stock Exchange and the Chicago Mercantile Exchange recently are being opposed by some of the market's biggest and most influential investors. While the proposals were designed in part toNYT - 694 words
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508 1988-07-12 19 NYT EXPERTS who have looked at the case of alleged manipulation by GAF Corp of the price of Union Carbide Corps stock say the US government's strongest proof of wrongdoing will come from the testimony of the former head of a major brokerage firmNYT - 508 words
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378 1988-07-12 19 Reuter INTERNATIONAL Business Machines Corp, the world's largest computer maker, has launched a major offensive in Europe to win back market share from smaller encroaching European manufacturers. Michael Armstrong, IBM Europe president, said at a seminar that IBMReuter - 378 words
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Page 19 Advertisements
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Advertisement41 1988-07-12 19 DAILY CATCHES. 8? a 4W i:: •> i»*' «■i is*: «i i R»il «-Villi' •T»' J4osfr€>+ (7 -BpersO|is 1160.00++^8 p 10 pfcrscm* »ob+V (9 c '.r* xrr i 3!« *5T i WSM x r rrg; L£.V/f r"t.W 88 K '/&v 10 sssjl41 words
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Advertisement197 1988-07-12 19 Global Financial Derivative Markets Seminar A Two Day Basic Course on Interest Rate. Foreign Exchange and Stock Index Futures and Options Topics Include: Markets, Concepts and "//on* to Use" Applications Singapore. < )riental Hotel. July What This Course Offers THIS COURSE is designed to introduce the successful trading and hedging197 words
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574 1988-07-12 20 ANNA TEO - Chok Tong wants end to agony and embarrassment By ANNA TEO MR GOH CHOK TONG said yesterday that the exchanges between former president Devan Nair and the government should not be dragged on. "We should not prolong the agony for Mr Nair and his574 words
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500 1988-07-12 20 Reuter THE US will continue its military presence in Asia and the Pacific even if it is forced to withdraw from two military bases in the Philippines, said US Secretary of State George Shultz yesterday. Mr Shultz, scheduled to hold talks with topReuter - 500 words
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182 1988-07-12 20 Reuter IN A SPEECH to the Indonesian Association of Economists in Jakarta, US Secretary of State George Shultz yesterday proposed the creation of a Pacific Basin forum to promote closer trade and communications links in the region. He said the forum could compareReuter - 182 words
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150 1988-07-12 20 NYT AFTER ignoring or rebuffing calls for talks on Vietnamese refugees, Vietnam has issued a surprise invitation for Hongkong and Britain to discuss the thousands of boat people going to Hongkong. The Hongkong government has accepted the invitation from Hanoi andNYT - 150 words
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201 1988-07-12 20 AFP A CONFIDENTIAL government report has forecast that the number of people emigrating from Hongkong will jump from an estimated 27,000 last year to 48,000 in 1968, a newspaper reported yesterday. Hongkong's South China Morning Post said the government is concerned because manyAFP - 201 words
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113 1988-07-12 20 AFP CHINA is preparing to relax foreign exchange controls and allow foreign banks to open in certain coastal cities, the China Daily said on Sunday. Quoting a foreign exchange official, the newspaper said relaxing control would benefit state entre- prises, which would be allowedAFP - 113 words
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Article, Illustration231 1988-07-12 20 LOH HUI YIN; Yow Yun Woh - By LOH HUI YIN Ptdurm by Yow Yun Woh SURPRISED AND HAPPY that sums up Singapore artist Ong Kim Seng's feelings at the response to his works which are on display at the Sogo Department Store. One of them depicting Temple Street in Chinatown231 words
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165 1988-07-12 20 AFP INDONESIAN Foreign Minister Ali Alatas has said that informal talks between rival Kampuchean factions will go ahead this month despite the resignation of Kampuchean resistance leader Prince Norodom Sihanouk. Mr Alatas yesterday emphasised that the informal "cocktail party" talks planned for JulyAFP - 165 words
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364 1988-07-12 20 Bernama ATTORNEY-GENERAL Tan Sri Abu Talib Othman yesterday filed an application in Kuala Lumpur to set aside the Supreme Court's order restraining the tribunal investigating allegations against suspended Lord President Tun Mohamed Salleh Abas, from submitting any recommendations, report orBernama - 364 words
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180 1988-07-12 20 Bernama PARTAI SOSIALIS Rakyat Malaysia (PSRM) yesterday reiterated its stand to contest in next month's Johor Baru parliamentary by-election despite pleas by Tunku Abdul Rahman. PSRM deputy chairman Abdul Razak Ahmad said that the decision, endorsed by the party's central working committee meetingBernama - 180 words
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413 1988-07-12 20 AP THE RAINS finally came to parts of the drought-strick-en central United States, bringing jubilation and relief to farmers. In north-central Wisconsin, crop rejuvenation came almost overnight. "It (the corn) looks nice and green right now. it's unfolded. It's probably grown twoAP - 413 words
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261 1988-07-12 20 Reuter THE North American drought puts world cereal stocks at risk and could cause Third World food shortages, the Food and Agriculture Organisation said yesterday. A July food outlook report by the Rome-based UN agency said that, even if weather is normal for theReuter - 261 words
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LATE FILE
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71 1988-07-12 20 Bernama MALAYSIAN Education Minister Anwar Ibrahim yesterday asked members of the Malaysian Bar Council to be more careful in their speech and actions pertaining to the judicial system in the country. He said in P*nang that although they had the right to express their viewsBernama - 71 words
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Article58 1988-07-12 20 Reuter CHINA and Australia yesterday signed an agreement for mutual encouragement and protection of investments, the New China News Agency said. Bill Hayden, Australian Minister of Foreign Affairs and Trade, told Sino-Austra-lian senior executives that Australia has reduced tariffs on manufactured goods and begun to phaseReuter - 58 words
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Article45 1988-07-12 20 AFP NORTH KOREA yesterday rejected a six-point proposal by South Korean President Roh Tae-Woo to improve cooperation on the divided peninsula. Pyongyang Radio said the proposals would consolidate the division of the peninsula and would not contribute to relaxing tension there.AFP - 45 words
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Article52 1988-07-12 20 Reuter NEW ZEALAND'S Deputy Prime Minister Geoffrey Palmer yesterday said he expects inflation to fall well below 6.0 per cent compared with 9.0 per cent for the year to March, as measured by the Consumer Price Index. June quarter CPI data are due for releaseReuter - 52 words
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Article50 1988-07-12 20 Reuter SEVEN businessmen facing a total of 103 charges relating to Guinness PLC's takeover of Scottish drinks group Distillers Co PLC in 1966 were further remanded on bail until Sep 26 by Bow Street Magistrates Court, the UK national news agency Press Association reported yesterday. ReuterReuter - 50 words
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Article77 1988-07-12 20 Reuter COM EX gold futures yesterday eased early in anticipation of lower CBT grains prices and on selling of gold/silver spreads. August gold fell US$3.3O to U*****.70 an ounce after trading between U*****.40 and U*****.50. Silver futures were mixed after early gains were pared by managedReuter - 77 words
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Page 20 Advertisements
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Advertisement63 1988-07-12 20 For the office of the future, BURO furniture provides sleek, ultra modern design with functional qualities that makes for more efficient work. Available in high-tech grey finish with smooth, round corners to avoid nasty bumps. And its hard to beat our additional special feature of computer adaptability to make it63 words
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Advertisement0 1988-07-12 20 ]&`&'>(?-!"`^{^%<~`<\/-]=,;]<:@0 words
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Advertisement8 1988-07-12 20 Sihanouk resigns as haad of coalition, PAGE 38 words
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Advertisement173 1988-07-12 20 See this pege o si Most of our guests never leave, us• tfs net Surprising Sari Pacific Jakarta has Struct many hearts. Foreign and local alike. Especially Mth toarm aHer>b*> service in Such a friendly atmosphere Hvlidcujmaters and business guests find it hard to fbrget Our cosy informal style €oen173 words
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SHIPPING TIMES
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164 1988-07-12 21 Seatrade Week IN A BID to ease mounting pressure on Tokyo municipality, the Japanese Ministry of Transport is proposing increased use of other local ports in Tokyo Bay together with the early development of other ports in northern Kanto area. TokyoSeatrade Week - 164 words
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Article, Illustration213 1988-07-12 21 G DURAIRAJ - By G DURAIRAJ JURUKAPAL, a Malay-sian-owned shipping company, has deployed the first integrated tug barge in Malaysian waters. The versatile integrated tug barge, classed to American Bureau of Shipping standards as an oil barge, is capable of carrying a variety of liquid bulk in213 words
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177 1988-07-12 21 KINGSLEY WOOD - By KINGSLEY WOOD Writing for BT from Sydney BARBICAN LINE is to begin a new non-conference service out of Australia east coast ports to Papua New Guinea, the Solomons and Fiji. The service is the brainchild of Barbican Marine, an Australian company177 words
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PORTSIDES
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75 1988-07-12 21 AMERICAN Bureau of Shipping has appointed Richard Lemoine as regional manager for South-east Asia and Australasia. Mr Lemoine is based in Singapore and will be in charge of the ABS group of companies operations in Australia, Bangladesh, Brunei Darussalem, Burma, Cambodia, Indonesia, Islands of75 words
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Article100 1988-07-12 21 A TEAM from the Port of Tilbury led by its chief executive John McNab will be making a one-week Far East tour to promote its services. The tour, to begin on Aug 7, will cover Singapore. Kuala Lumpur, Seoul and Hongkong. Mr McNab is100 words
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Article133 1988-07-12 21 THE MEDITERRANEAN area is now the main lay-up anchorage for tankers. It has surpassed South-east Asia and Scandinavia, favoured in the early 80s as mooring sites for mothballed tankers. The number of idle ships in the Mediterranean berths stands at 13, amounting to133 words
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Article, Illustration439 1988-07-12 22 UPI STRONG NORTH SEA winds delayed Texan Paul "Red" Adairs attempts to extinguish powerful flames still ravaging the Piper Alpha oil platform, where 166 people died in the world's worst oil rig disaster. A two-man team directed by Adair, at 73 acknowledgedUPI - 439 words
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Article784 1988-07-12 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alltrans VII 3 Americon Tpt II 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC tine V 4 API III 2/3 Arrow lines IX 5 ASCI III 1 Asian Ocean VI784 words
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398 1988-07-12 22 Lloyd's List TIPHOOK PLC announced a 155 per cent rise in pre-tax profit, to just over £10 million and said its container fleet was set for further expansion. The UK-based group rivals San Francisco s Triton Container International LtdLloyd's List - 398 words
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470 1988-07-12 23 UK CONSOLIDATOR Anglo European Agencies is offering a one-stop warehousing and transportation service to British retailers and importers. Mr Robert Brown, managing director of Anglo European Agencies, said the company would tie up with a publicly listed company in the UK to offer470 words
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Article81 1988-07-12 23 IN AN IN-HOUSE merger, the West German shipping bank Deutsche Schiffahrtsbank and the smaller Deutsche Schiffspfandkreditbank in West Berlin were formally joined together. The operation of the two banks has been carried out by the same management since 1948. Deutsche Bank and Dresdner each control81 words
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165 1988-07-12 23 AFP UNIONS and management in France's biggest shipyards in Saint-Nazaire, have reached agreement to end a four-week long strike over planned redundancies, union sources said. The dispute opposing management and the 4,800 workers of the Saint Nazaire shipyards in the west of France brokeAFP - 165 words
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253 1988-07-12 23 Seatrade Week FIVE South Korean owners have been given permission to place newbuilding orders with domestic yards using overseas finance on a leasing basis. Particular emphasis is on container vessels and ore/coal carriers in the deals which are done throughSeatrade Week - 253 words
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Article270 1988-07-12 23 AFP ATTENTION focussed on rising oil prices over the past week on the tanker market, following the shooting down of an Iranian passenger plane in the Gulf by the US Navy, which broughte fears of retaliation, and the explosion at a North Sea oil platform, London brokers GibsonAFP - 270 words
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312 1988-07-12 23 KINGSLEY WOOD - By KINGSLEY WOOD Writing for BT from Sydney AN ELECTRONIC communications network could lead to savings of up to Aslos million for the handling of sea freight, according to an Australian Working Party on Cargo Movements. Part of the government's Waterfront Strategy,312 words
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8379 1988-07-12 28 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 of8,379 words
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Article1217 1988-07-12 30 (tORTH American grain voyage fixing 'proved slightly busier but little change .occurred in established rate patterns -O* the London shipping freights market on Friday 2* Richardson fixed an unspecified prompt loader from the St Lawrence -fo Seaforth with 25.445 tons of grain at US$l4 (fio). Also from the1,217 words
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Page 21 Advertisements
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Advertisement698 1988-07-12 21 -vO TIMES STP Distributors 9^ ojb^ OOCL OfgiNT Oveiqeas Gotitaimi Line Willr MRDINE SHIPPING AGENCIES (Ret No *****4/ OOK) 200 Cantonment Road #12 05 Southpomt. Singapo-e 0208 Tel *****11 TELEX NO RS ***** TERMINAL,CPS Tel *****18 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SNIPPING AGENCIES SDN BHO PORT KELANG TEL698 words
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Advertisement68 1988-07-12 21 mm TIPHOOK PLC announced a 155 per cent rise in pre-tax profit, to just over £10 million and said its container fleet was set for further expansion. Page II UK CONSOLIDATOR Anglo European Agencies is offering a one-stop warehousing and transportation service to British retailers and importers. Page 111 Index68 words
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Advertisement620 1988-07-12 21 I OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. Pte Ltd. TEL: *****33 MAERSK LINE Th« week M ROTTERDAM Doting Time CY ISn 1600 MRS CFS 15/7 060 C MRS rope UK Scandinavia Finland M ROTTERDAM MO* ANDERS620 words
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Page 22 Advertisements
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Advertisement780 1988-07-12 22 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ROTTERDAM/ ANTWERP HAMBURG BPEMERHAVEN P KELANG SOUTHAMPTON OSAKA BAY KAGA KASUGA MARU LARGS BAY HONGKONG EXPRESS ARLBERG ALSO ACCEPTING CARGO Tft ALL UK INLANO OCSTINAT BELFAST, DUBLIN. COPENHAGEN, AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. M. CARIBBEAN i S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT CALLING AT "KOBE780 words
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Advertisement17 1988-07-12 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.17 words
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Advertisement569 1988-07-12 22 wnlVani. AMERICAN TRANSPORT LINES, INC. U.S. EAST COAST, CENTRAL/SOUTH AMERICA, CARIBBEAN/MEXICO I. 'V'AV"»M I illi il E*tniE2EE2Ji H'jT I, 1 l>-i, I £3 I. >v .v BY FEEDER VESSEL ACCEPTING CARGO TO ATLANTA. SAVANNAN. BALTIMORE. MAM. TAMPA OTHER UA EAST COAST PORTS ON REQUEST ALSO ACCEPTING CARGO TO CENTRAL/SOUTH AMERICA569 words
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Page 23 Advertisements
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Advertisement1172 1988-07-12 23 P&O Containers CONTAINERSHIP SERVICE TO UK CONTINENT: OSAKA MT IM7 17*7 M V« M lt« 1W KASUCA HA*U !W W MM 12/H 14« IS/H 17/N MSA 22*7- W IW UK 1» IW LMO MT WW 1M 1M 20/1 21* 2M MOW KONG EXPRESS 11*7 KM 21*1 21*1 2S*I 2MB 21*11,172 words
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Advertisement642 1988-07-12 23 M.V. HAPTEN PINE VI ARRIVED SINGAPORE Consignees of all damaged cargoes ex the captioned vessel are hereby notified that a General Survey will be held on the 13th July 1988 (Wednes day) at Keppel Wharves K2O from 0800 hours 1200 hours. No further survey will be entertained thereafter Agents: Boustead642 words
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Advertisement80 1988-07-12 23 EUROPE ii'-.i. i ji I. 1 i W 114 h PI KM VF 111 2417 17 08 VFII7 UN MM IF 111 OJI 13.M ee iii 21M mm 2tN 2SM 22J7 EE 117 IM7 MJ7 MJ7 MJ7 MM E£ 111 24.17 22.17 21.17 23.17 I IJI ■MM mm hji am80 words
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Page 24 Advertisements
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Advertisement510 1988-07-12 24 CIS I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES Singapore W Loading for> BANDAR ABBAS Loading forJAPAN, KOREA KYOWA LINE Singapore Loading for: A VESSEL 20/7 LAE. PMB. RBL, HRA OCEANIA EXPRESS V-17 16/7 YOKO KYOWA ROSE V-27 6/8 LOAD FOR GUAM, SAIPAN YAP KOROR TRUK PONAPE,510 words
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Advertisement799 1988-07-12 24 KS tttUA SDH K LINE SHirnnc Cfwritm 11)11Y CONTAINt RiSFO 10 (ROM NORTH AMERICA MS! COASi CONVtNTIONAL SERVICE TO PERSIAN GULF VESSEL CRYSTAL REED 65 KUANTAN S'PORE LOADING FOR 25/7 DUBAI. DAMMAM GEN AGENTS: CROWN MARINE CO (PTE) LTD TEL: ***** M (9 Lk>M) FAX NO: SUB-AGENTS: KUALA LUMPUR TEL:799 words
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Advertisement109 1988-07-12 24 VA FREIGHT LINKS EXPRESS PTE LTD. 7i DIRECT SERVICE TO BOMBAY KARACHI: ETA 22/7 10/8 NEW SERVICE DUBAI 15/7 28/7 PORT KEIANG PENANG BANGKOK HONG KONG JAKARTA MANILA TOKYO/YOKOHAMA KEELUNG/KAOHSIUNG SUSAN bookings: *****88 (8 Lines) SINGAPORE: *****45 (25 Lines) JOHORE: (07) *****2, *****7 KUALA LUMPUR: (03) *****66 (6 Lines) PENANG:109 words
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Advertisement1009 1988-07-12 24 m EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ww m ALSO ACCEPTINC CARGO TO: 1) PROVIDENCE, KKM. SAVANNAH. IOSTON PHILADELPHIA NORFOLK. JACKSONVILLE. WILMINGTON RERMUOA ETC 2> ATLANTA. CHICAGO. DETROIT. COLUMBUS t OTHER MAM* HCROMIOGE DESTINATIONS I) lALBOA. UWI. O MONTREAL TORONTO VIA NEW TOM S) CMS. SAL, NYC OH1,009 words
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Page 25 Advertisements
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Advertisement851 1988-07-12 25 PACIFIC INTERNATIONAL LINES W\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE I BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE VOY 142N 377N SN 74M PIYA BHUM SMI BHUM KOTA MAWAR MRU BHUM VESSEL VOY SM KM BLW PKL SIN SEA851 words
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Advertisement341 1988-07-12 25 va BEN LINE CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA. FIJI AND NEW ZEALAND FROM NEW ZEALAND Orient Pacific Services SUN CORAL IN POM LAE 30/7-2/8 12/8 14/8 ACCEPTING FCL AND LCL MADANG, WEWAK, KIETA, RABAUL. KIMBE, KAVIENG, ORO BAY, HONIARA, ALOTAU VIA LAE ACCEPTING JAKARTA, BKK,341 words
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Advertisement537 1988-07-12 25 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 nfraiiraiiN4il;li]J: VSL/VOY 'A' VESSEL KUTAI/15WB S PORE BILBAO ANTWERP H'BURG/ ROAM/A DAM BREMEN 9-12/8 14/9 17/9 16 18/1 19/9 22/9 Subject to Inducement Also accepting cargo to Cssablancs,537 words
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Advertisement387 1988-07-12 25 BOUSTEAD SHIPPING AGENCIES HTONEVWA V23CW pagan vuav M AN VU7W BURMA FIVE STAR SHIPPING CDRPfIMTWII (Burmese National Line) Loading for Rangoon pore P.Kelang Penang Bangkok BANK LINE TAMAITAI SAMOA VI3N FORTHBANK V22N IVY BANK V22N SPORE ROAM HULL 24/7 2S/« 31/» 3/s 29/1 tn 9/9 1/10 15/10 BEE CO ASIA387 words
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Page 26 Advertisements
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Advertisement664 1988-07-12 26 KAWASAKI KISEN KAISHA, LTD. K'lini ORIENTAL FAITN ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE N. AMERICA-ATLANTIC COAST N. AMERICA PACIFIC SOUTH-WEST MOTHER VESSEL MACKINAC BRIDGE BROOKLYN BRIDGE GEORGE W. BRIDGE MANHATTAN BRIDGE N. AMERICA PACIFIC NORTH-WEST EUROPE (Member of ACE) NEPTUNE DIAMOND NEPTUNE664 words
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Advertisement297 1988-07-12 26 MA ***** f i Era H 200 CANTONMENT ROAD #12-05 SOUTHPOINT, SING Tel: *****11 TELEX NO: RS ***** TERMINAL/CFS Tel. *****18-220 BOOKINGS Tel. *****34 235 HI OOK) > A PORE 0208 \Cf\ DOIUGIUAMA LJ SPORE P.KELAHC PENANC INCHON PULSAR V»l2 17 Jul SINGAPORE GLORY VBO7 IS Jul Jul Jut Jul297 words
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Advertisement641 1988-07-12 26 AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Contain*™ KAIIDAS *38 TULSIDAS ¥.37 Support P KMin| P«n»nf Loedint (or Mom* ta B, Feeder B, Feeder lAm 1 Au| I Auf F rtm Nek) Sjdn AM 2 Set* 25 *u| 25 Auf Fr«nAMb/Sydn/AM INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Sinpport p K«*n|641 words
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Advertisement464 1988-07-12 26 G.C GOLDEN LINE GUAN GUAN SUPPING (PTE) LTD a. Taiot Ayar StrMl SINGAPORE 01M TEL SJ43M (10 LINES) Fai S4BM STRAITS/PERSIAN GULF SERVICE: Spore PKater« fW« GOtDEN WONDER Karachi Duba,, D«nm** In Port GOLDEN HAVEN Cotombo Karachi Ou&ai 21/29 July CHINA SERVICE •Al YUN SHAN Shonfte In Port 13/14 July464 words
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Advertisement431 1988-07-12 26 i imr,a, mesaay, juiy iz, i»oo m PHIU OHI€NT LINCS PTC LTD HEAD OFFICE 63 ROJiNSON ROAD -07 1? AFRO ASIA BUILDING. SINGAPORE CIC6 TELE* RS ?B7?0 PHILI fA* *****76 EAST/FAi EttT Ftt LU 1 VESSEL I ETA SINGAPORE I DESTINATION wirirv'nr'i JEOOAH (LCL) IItIVMM FTT M 7 T m431 words
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Page 27 Advertisements
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Advertisement815 1988-07-12 27 NEPTUNE AGENCIES PTE. LTD F General Enquiries: T»l: 279M77 Terminal CFS BOOKINGS *****22 *****53 P Keijng NEPLINE SON BHD *****17 NEPTUNE ORIENT LINES LTD Penang NEPLINE SON. BHD. 620tt3S/6276»/627K1/67ra2 J Bahru NEPLINE SON BHD. *****0/*****1 FE EU/AUST TPA/SEA S: *****53 *****42 *****11 *****11 *****11 *****41 INWARD/OUTWARD ENQUIRIES *****44 TO EUROPE/UK815 words
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Advertisement353 1988-07-12 27 HEUNG-fl SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: KELANG, PENANG, KEELUNG. BUSAN. INCHON WEF JUNE:1) BUSAN SINGAPORE 2) SINGAPORE/ KEELUNG 10 DAYS SERVICE II SERVICE!! Vessel's Name ETD BS S PORE PKELANC KEE BUSAN HO JI ♦Mo t Donam/IO7NIW 23-23/07 <M-W» 10/W No Donam/MN 10/07 23 2S/07 27-2S/07 OS-OS/OI353 words
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Advertisement827 1988-07-12 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC p. kelanc MESSRS HAI THONC SHIPPING 127 Penang Street Pefunfc Matayw M S HANDLING SYSTEM CO827 words
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Page 28 Advertisements
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Advertisement322 1988-07-12 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (30 L.nes> fAX *****39 *****76 TELEX RS ***** A B SSCMA RS ***** A B SSCAD VE.B DEUTF RACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE EUWft S'WE taO K'NACA IAHERf k DAM Ih'BURC I R'STK I 1/0 COLOMBO: Aaepting carpi lor INDIA Bombay.322 words
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Page 28 Miscellaneous
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Miscellaneous173 1988-07-12 28 Regional Weather ~2on v Vd A 1 >>• sS m si 5 32SSS ■Z' SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 12, 1988 °c O w Wind direction with speed in knots Wave height LEGEND R Thunderstorm Temperature c A\ y Shower Weather Wind direction with speed m173 words
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Page 29 Advertisements
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Advertisement880 1988-07-12 29 c# FARGO SHIPPING COMPANY(PTE)LTD No 15 Hoe Chiang Road *13-02 Sanford Building, Singapore 0208 Tel: *****22 Tlx ***** FASCO ABC CONTAINERLINE N.V. WE NAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! TiMTT ETA 24/7/88 Only 7 days to Fremantle Only 12 days to Melbourne Only 15 days to Sydney FROM880 words
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Advertisement1164 1988-07-12 29 sUJy-j JJ AT CONVENTIONAL WHARVES KEPPEL WHARVES Adko Widun Alio H Alleson. Boiyunshon Donyong Eostem Glory FfOi.net Ho*i fto > Koto Akbor Kola foio Imi Petot ng 2 Men.no Don e S Poniong StfO'tx Hope Trodel'eedom U'sus Ananas Arrow Queen Inabukwo Jenson Koto Peiong Kr.s Melelo Show Venus Zagreb PASIR1,164 words
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Advertisement185 1988-07-12 29 UNIPACIFIC TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 FBI IRAQI LINE "'0 tmnspo*' WV SINDBAD WEST BOUND SERVICE ETA SPORE LOADING FOR ran iim THJOUOI Ujjl BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA t BA REEFER SPACE AVAILAtLE UPTO AQABA BAGHDAD nuibH MTHILADLI lip (1185 words
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Page 30 Advertisements
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Advertisement369 1988-07-12 30 Hai Sun Hup Co (Pte) Ltd Lni TEL *****06 (20 Lines) TLX RS ***** &RS ***** t I \S| R\ \K I IM K. III) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Yokohama > Nacoya 3/8 Osaka 1/S 1 Senboku Moji •Subject to cargo inducement NOTE: ALSO CALLING369 words
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Advertisement448 1988-07-12 30 CGMi FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF£ANADA/*£XtCO AND FRENCH WEST INDIES Far Halifax, Montreal, Toronto, New York, Saltwort. Portmouth, Norfolk, Savannah torvinf GULF Miami. Mobile. Now Orleans, Houston/Max ia> Vora Cmt, co City/FREMCH V. Mies Fort Do Franco, Porntr* A. Pttre, Docrad V^rro COLUMBUS LINE448 words
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Advertisement148 1988-07-12 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES Aflent: MHON-ASM SHIPPING (S) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** Ba Sb Oi BANGLADESH NATIONAL LINE (Bangladesh Government Enterpnset MV Bartglar Mitt MV Bartglar Swapna S PORE Ldg lor 20*7 Ctg/Chalna Tin Japan Accepting container* and break148 words
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Advertisement572 1988-07-12 30 BSB CALL US AT: 1 P KELANC PENANC J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 *07-***** '07-*****3, *****5, *****0, *****1 •02-*****22 *****88 |WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE FEEDER BUTANC m rm b w..i\ BREMERHAVEN. COPENHAGEN. HELSINKI. MALMO. OSLO. STOCKKOULI* FROM EUROPE I P.KELANC I IT572 words
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