The Business Times, 25 July 1988
1988-07-25
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The Business Times
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Title Section11 1988-07-25 1 BUSINESS TTMES MCI (P) 95/12/87 MONDAY, JULY 25, 1988 75 CENTS11 words
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666 1988-07-25 1 WILLIAM CHIA - Divergent views on whether to act as principals or agents By WILLIAM CHIA MEMBERS of the freight forwarding industry have taken widely divergent stances on whether or not airfreight companies should act as principals or agents of carriers. The issue came to the fore following666 words
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Article372 1988-07-25 1 Reuter THE DOLLAR'S sharp fall and the pound sterling's even bigger jump last week may signal the start of a major new international flow of funds, say international money dealers. The dollar fell 3 per cent and the pound jumped 5 per cent last weekReuter - 372 words
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259 1988-07-25 1 THE LABOUR MOVEMENT seems firm on its stand to renegotiate for higher pay in view of a thriving economy and tight labour market. Following similar positions taken by other union leaders, Second Deputy Prime Minister Ong Teng Cheong yesterday said it was not unreaaonable259 words
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Article, Illustration558 1988-07-25 1 William Chia - ■bf William Chia PUBLICLY-LISTED QAF Ltd is planning to close down its spice-processing business in Singapore and shift it to Tianjin, China. It has engaged Tan Kay Choon, an expert on China trade, to assist in the project and ensure minimum disruptions. QAF's spice-processing558 words
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201 1988-07-25 1 AFP PRESIDENT Lm Teng-hui has asked Taiwan entrepreneurs not to invest in China and haa promised to improve the businees climate at home through economic and financial reform, informed sources said in Taipei on Saturday. Mr Lee, who was elected chairman of the rulingAFP - 201 words
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71 1988-07-25 1 AFP BURMA has divested itself of 26 years of socialism under General Ne Win to proclaim an open-door policy for the private sector. State-run newspapers in Rangoon yesterday said the general secretary of General Ne Win's ruling Burmese Socialist Pro- gramme Party (BSPP)AFP - 71 words
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612 1988-07-25 1 Reuter IN SOME COUNTRIES they can be bought for as little as US$l5 and in others they may work for as long as 20 hours a day. The commodity? Child slaves. According to the Londonbased Anti-Slavery Society, there are at least 200 millionReuter - 612 words
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Page 1 Advertisements
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Advertisement351 1988-07-25 1 SI 1 Need a car or truck loan? W\YK)O\G 737-7977 W&yfbortg Mortgage And finance (S) Lid -J A wholly-owned subsidiary of Hongkongßank ft (lavmorf Hill #03-01 Clivmore Ptua Sincaoore <1922 CLEAR and decisive deci-sion-making plays a big difference in the long-term survival of a corporation. But do managers know how351 words
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Advertisement298 1988-07-25 1 Concortod Intervention brings dollar down, PAOE S TAIWAN has taken the first step towards realising its ambition of manufacturing its own airplanes in 10 years, Yang Shih-chien, director of the Industrial Development bureau (IDB), said in Taipei yesterday. ASIA-PACIFIC, Page 3 PRESIDENT Ronald Reagan has accused the Democrats of "covering298 words
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Advertisement105 1988-07-25 1 MIKIMOTO I he < )iKmivu»k of ultuioi fVark C T. HOO 27 Tanglin Rd S pora 1024 (N#«t to Taoglin Shopping Ctr Tel *****43. *****53 NOW NAGOYA! Elegant enduring symbol of the Sagoya Castles former glory the legendary fish of pure gold TOKYO NAGOYA OSAKA JAL adds another new destination105 words
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MANAGEMENT
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Article, Illustration560 1988-07-25 2 WILLIAM CHIA - Clear and decisive decision-making plays a big difference in the long-term survival of a corporation. But do managers know how to make the right decisions? WILLIAM CHIA looks at a programme developed to teach managers just that. WILLIAM CHIA CAN DECISION-MAKING be taught? Yes, according to aa PUNCH cartoon - 560 words
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860 1988-07-25 2 TAN CHENG HWEE - Spotlight onT) Management By TAN CHENG HWEE Tan Cheng Hwee is a consulting manager at Ernst Whmney Consultants Pte Ltd. "IF A MAN makes a better mousetrap than his neighbour, tho' he builds his house in the woods, the world will make a beaten860 words
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331 1988-07-25 2 LILY FERNANDEZ - Hps small T°" By LILY FERNANDEZ AT ONE TIME, Japan was well-known for the mass production of identical consumer goods and this led to its rapid economic growth. But Japan has since entered a new era of highly diversified, small-lot production331 words
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Article, Illustration848 1988-07-25 2 TONG SUIT CHEE - Have you ever wondered whether you are in the right job? TONG SUIT CHEE looks at an organisation which helps people to find jobs suited to their talents. TONG SUIT CHEE DECIDING ON a career for most people involves a combination of848 words
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Article339 1988-07-25 2 GOING THROUGH the various career guidance tests confirmed what I had known for a long time that I am in the right career, that is, in communications. Janice Gibb. psychological director, Career Guidance (Singapore), gave me several tests which sought to establish my occupational interests,339 words
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Article, Illustration131 1988-07-25 2 of India. She wrote: "Media interest has, however, tended to concentrate on the political and cultural aspects of India. As a result, sections of the international business community that have not yet come in direct touch with India are unappreciative131 words
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Article225 1988-07-25 2 HARISH MEHTA - By HARISH MEHTA Chandrasekhar, an associate professor at the New Delhi's Jawaharlal Nehru University, take their readers on a slow jaunt across this enormous country and. in the process, have taken on the ambitious task of wrapping up the entire country's history and economic development under one cover. In225 words
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Page 2 Advertisements
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Advertisement124 1988-07-25 2 RESTAURANT I B SSdy a^m c e$ para 9us _y3 Complimentary cakes for birthdays or anniversaries celebrating with us. 0 Dine Dance to the satin sounds of DANNY KOH The Time Signatures live band at the Cathay. For details reservations TEL *****21 7th Fl. Cathay Bldg (Above Cathay Cinema) Also,124 words
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ASIA-PACIFIC
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404 1988-07-25 3 UPI CHINESE LEADERS have accused prominent dissident Fang Lizhi of inciting "anti-govern-ment" activities at Beijing University and have ordered the arrest of students found setting up opposition groups, a faculty source said in Beijing yesterday. Police have already expelled at least two students suspectedUPI - 404 words
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Article190 1988-07-25 3 Reuter CHINA'S Ministry of Water Resources yesterday warned that the country is facing a terrible drought in the south and flooding in the north-east and other provinces. The calamitous weather, low grain prices and soaring cost of fertiliser threaten the harvest. The People's Daily newspaper saidReuter - 190 words
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491 1988-07-25 3 AP BURMA'S leaders are considering drastic changes in the country's rigid economy, including lifting barriers to private foreign investment for the first time in a quarter of a century, official Burmese sources said in Rangoon yesterday. The changes are being debated at anAP - 491 words
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125 1988-07-25 3 Reuter SOUTH KOREA is rewriting its immigration laws to recognise passports of communist countries as part of Seoul's efforts to expand ties with them. It plans to ease other restrictions on visits to and from communist countries, including dropping requirements of prior approvalReuter - 125 words
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245 1988-07-25 3 Bernama MALAYSIA exported furniture worth M 556.45 million last year, which was double the figure of the previous year, according to Primary Industries Minister Datuk Or Lim Keng Yaik. He attributed the increase to government efforts in sending missions abroad to promote Malaysian furniture. In hisBernama - 245 words
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224 1988-07-25 3 AFP INVESTMENTS in the Philippines in the first half of 1988 increased 116 per cent over the same period last year, according to news reports last Saturday. Investments registered in the first half of 1988 hit 5.31 billion pesos (U*****.5 million), compared withAFP - 224 words
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414 1988-07-25 3 AFP TAIWAN has taken the first step towards realising its ambition of manufacturing its own airplanes in 10 years, Yang Shih-chien. director of the Industrial Development Bureau (IDB), said in Taipei yesterday. Taiwan has agreed to a barter deal with Union Technologies Pratt and WhitneyAFP - 414 words
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227 1988-07-25 3 AFP THE SOVIET troop withdrawal from Afghanistan may be delayed if Pakistan does not stop its aid to rebel forces aiming to topple the Kabul government, a Soviet official said in Washington yesterday. The pullout is continuing according to schedule, andAFP - 227 words
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Page 3 Advertisements
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Advertisement185 1988-07-25 3 THAT DIETHELM CATERS TO AN EXCLUSIVE CROWD IS TRUE. UP TO A POINT Vfe may be accused of stretching the point too far. of course. But the fact is. Diethelm office furniture isn't just for everybody. Consider the POINT System, a glimpse of which you catch here. For all intents185 words
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Page 3 Miscellaneous
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Miscellaneous213 1988-07-25 3 wmi® 12'sSk Max/ Note Min <°C) 16/08 Showers 26/19 Cloudy 34/22 Clear 37/30 Clear 33/25 Clear 31/26 Cloudy 31/24 O'cast 30/25 Sunny 35/18 Clear 30/16 Cloudy 31/27 Cloudy 30/22 Sunny 19/07 Fair 27/14 Clear 34/18 Clear 11/06 Clear 35/24 Clear 28/11 Cloudy 09/01 Cloudy 26/18 Cloudy 27/17 Clear 19/16 Rain213 words
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REST OF THE WORLD
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410 1988-07-25 4 Party accused of distorting US leader's record UPI PRESIDENT Ronald Reagan has accused the Democrats of "covering their tracks" with a gloom-and-doom song of "Midnight in America" that distorts his record and masks a secret agenda of discredited liberalism and higher taxes. Speaking last Saturday fromUPI - 410 words
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361 1988-07-25 4 UPI DEMOCRATIC presidential nominee Michael Dukakis, energised by a successful party convention, hits the campaign trail armed with a Newsweek magazine poll released last Saturday showing him with a 17 per cent lead over US Vice-President George Bush. The poll, conducted on JulyUPI - 361 words
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240 1988-07-25 4 NYT IN THE LATEST, most drastic action to reduce its size, Eastern Airlines has announced that it would lay off 4,000 employees and sharply cut back flights from its hub in Kansas City, Missouri, which connects with 14 cities. PhilNYT - 240 words
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Article, Illustration346 1988-07-25 4 Reuter YUGOSLAVIA'S biggest republic, Serbia, is openly defying the Yugoslav Communist Party leadership by encouraging street protests over regional powers. Eyewitnesses said more than 4,000 Serbs last Saturday marched in Pancevo, in Vojvodina province, days after the party Presidium called for an immediate halt to theReuter - 346 words
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222 1988-07-25 4 UPI POLAND last Friday became the sixth East Bloc country to inform the European Community that it wants to establish diplomatic relations, a spokesman for the Community's Executive Commission said. The Soviet Union, East Germany. Czechoslovakia. Bulgaria and Hungary asked to establishUPI - 222 words
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Article152 1988-07-25 4 AFP THE SOVIET UNION'S national income rose by 5 per cent and its industrial output by 4.7 per cent in the first six months of this year compared with the first half of last year, the government daily Izvestia reported last Saturday, quoting official statistics. TheAFP - 152 words
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185 1988-07-25 4 NYT EVERY YEAR, 20 million Americans develop gallstones concentrations of excess cholesterol and calcium that can cause intense pain and nausea. Last week, researchers at the Mayo Clinic in Rochester. Minnesota, won patent approval for a compound that they contend can dissolve stones in less than oneNYT - 185 words
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186 1988-07-25 4 Reuter A BRITISH NEWSPAPER said yesterday that Israel pulled out five secret agents from Britain last week after strong pressure from London to end all UK undercover operations by the Israeli intelligence service Mossad. The Sunday Telegraph said the five belonged to a MossadReuter - 186 words
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Article879 1988-07-25 4 ARRIVALS Operator Service Local From number time MAS MH651 0910 PEN MAS MH607 0920 KUl SIA SQ103 0950 KIR. CPX CX710 1015 CGK MAS MH609 1020 KUL KIM KL841 1050 AMS/KHI GIA GA960 1100 CGK StA SQ105 1105 KUL ItA B1421 1130 BMW StA SQ201 1145 CGK879 words
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Page 4 Advertisements
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Advertisement202 1988-07-25 4 YSS Special Steel Could the life of your dies be a matter of life or death? r 1 w. aa ee yf <§§* 2?rOT £C? r t >^L s _<* Thanks to a Hitachi Metals technique called Isotropy, dies made of our YSS special steels can last many times longer202 words
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Page 4 Miscellaneous
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Miscellaneous77 1988-07-25 4 Doonesbury I PONT Baueem AdCGOT WHIM FIRST! a ROVER, THIS IS CONTROL! HAVE YOU LOCAIWTHB GOVERNOR* < AFFIRMATIVE, HEPLEY! CONTROL! BUT NOT HE'S BEING AGAIN! INTERVIEWED 4 BY HEPLEY! 7 iBG 71 m m m •3 Wa f v. m BY GARRY TRUDEAU YEAH, HE'S HAVING QUITE A... HEY! HIS77 words
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COMMODITIES
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Article939 1988-07-25 5 AFP THE POSSIBILITY of an end to the Iran-Iraq conflict influenced commodity markets over the past week. GOLD: higher after an initial fall. Gold was depressed at the outset by news that Iran had accepted the UN Security Council Resolution calling for an end toAFP - 939 words
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Article175 1988-07-25 5 THE Malaysian rubber market closed 15 cents higher last week with August International One RSS traded at 350.50 cents a kg as against 335.50 cents the previous week. A higher overseas trend and pre-weekend covering helped the market to close firmer on Friday. A late rally on the Japanese175 words
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Article203 1988-07-25 5 THE PRICE of tin closed two cents lower at MslB.Bl a kg last week from M 518.83 the previous week on the Kuala Lumpur Tin Market. While there was little support from Japanese and local dealers, strong European demand helped to limit a price decline. After the fall203 words
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Article285 1988-07-25 5 CRUDE PALM OIL futures finished sharply lower in erratic but cautious trading on the KLCE last week Values eased to hover around the MS 1,000 per tonne level after two consecutive limit downs on Monday and Tuesday The general downtrend was due to limit down performance on the285 words
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Article167 1988-07-25 5 Chinese Produce Exchange Sellers' noon doting prices on July 23 (SS/IOO kg) Coconut oil Bulk FOB 128.00 Old drum FOB 142.00 New drum FOB 138.00 Copra Mixed (loose) 72 sellers Pepper Muntok white FOB NIW 952.50 Sarawak white FOB foq NIW 937.50 Sarawak special block FOB NLW 567.50167 words
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Article161 1988-07-25 5 SOYBEAN FUTURES eased from early highs to close mixed in reduced trade on the Chicago Board of Trade on Friday, ranging from down 12 cents per bushel in August at US$B 30-1/2 to up 20 in distant August. Forecasts for a return of hot, dry weather to the Midwest161 words
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Article170 1988-07-25 5 SOFT red winter (SRW) wheat futures closed quietly at mostly lower levels on the Chicago Board of Trade on Friday, ranging from down two cents per bushel in September at a US$3.B4-1/2 settlement to up one cent in May. Reports that the USOA has accepted bids on tenders for170 words
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Article294 1988-07-25 5 London Commodity Exchange Buyer/Seller closing prices on July 22 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Jul 1045/1050 (1055/1056) High/Low 1055/1046 Sep 1074/1075 (1076/1077) High/Low 1077/1068 Sales (1899) Cocoa Jul 920/938 (950/958) High/Low 950/932 Sep 959/960 (973/974) High/Low 965/954294 words
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Page 5 Advertisements
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Advertisement283 1988-07-25 5 m TVI ■-'■x "V > <w v. 4* bi Wi™ 25*000 OPTIONS, ITS 1 CERTAMLYA CAR FOR DECISION MAKERS. The new BMW 3 Series has been designed with sleeker stylish lines but more importantly has been designed to meet your individual needs. Whether you require the sporty 2-door version with283 words
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MONEY AND EXCHANGES
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394 1988-07-25 6 Reuter THE FEDERAL Deposit Insurance Corp expects a 25 per cent decline next year in the number of bank failures, says William SeidFDIC chairman. "We expect over 200 banks will lail this year and probably somewhere around 25 per centReuter - 394 words
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Article78 1988-07-25 6 AFP HONGKONG BANKS have increased their prime lending and deposit interest rates. The British colony's two note-issuing institutions, HongKong and Shanghai Banking Corporation and Standard Chartered Bank, said on Saturday that their prime lending rate would be increased by half a point to 9.00 perAFP - 78 words
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Article, Illustration207 1988-07-25 6 AFP JAPAN HAS no intention of changing its system for issuing government bonds but supports equal access for foreign underwriters to the primary market. "We believe the present system is a necessary institution and we have no intention to abolish it at the moment,"AFP - 207 words
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173 1988-07-25 6 Reuter TAIWAN is determined to stabilise its currency against the US dollar to help its business people compete with other Asian exporters. Central Bank governor Chang Chi-cheng has said. "We will maintain our currency against the US dollar at the currentReuter - 173 words
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Article209 1988-07-25 6 Reuter VENEZUELA, facing a foreign exchange crunch due to a decline in oil prices, has said it will press foreign banks for new loans and hinted at action to ease its debt burden if credits are not forthcoming. Finance Minister Hector Hurtado told a news conferenceReuter - 209 words
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711 1988-07-25 6 IHT THE US DOLLAR tumbled against major currencies in Frankfurt last Friday as a growing belief that the world's central banks have at least stalled its recent rally led to the fifth consecutive session of declines. Dealers said the four-week rally's strength was sapped byIHT - 711 words
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Article800 1988-07-25 6 AFP ASIAN currencies strengthened last week as the dollar tumbled amid heavy intervention by central banks in Europe and inter-est-rate hikes in West Germany and Britain. The Japanese yen, the Australian dollar and New Zealand dollar fluctuated sharply in volatile trading but all three currencies ended the weekAFP - 800 words
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Article276 1988-07-25 6 Gold Financial futures Green Collier Bullion Pte Ltd THE SPATE of concerted dollar selling by central banks propelled currency futures from their Monday lows to close at their highest levels on Friday last week. September pound sterling gained 826 ticks when it settled on the IMM at 1.7374. September yenGreen & Collier Bullion Pte Ltd - 276 words
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Article164 1988-07-25 6 Gold futures on July 22 100 troy ounces; USS per troy ounce OpM High Low SoOto Jul 442.20 ♦0.40 Aug 443.50 444.30 442.20 442.90 0.20 S»P 445.70 0.20 Oct 450.30 ***** 448.20 448.70 0.10 Dae 455.80 456.20 454.20 454.50 uneh undi Fab 440.40 460.60 460.40 460.40 467.00164 words
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Article, Illustration478 1988-07-25 6 Indicate* the average of the prime lending rates of 12 major banks in S'pore PLR of bonks at the dot* of business on Friday, July 22 as supplied by the Association of Banks in Singapore. BANK PLR Algemene Bonk 6% Allied Irish Bank PLC 614 American Express478 words
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Article214 1988-07-25 6 Asian market ASIAN CURRENCY averoge deposit rotes for 1 1 i ended July 22 BIO PRICES High Low US s 7 days 7 15/16 7 13/16 1 month 8 7 7/8 2 w 8 1/8 3 months 8 5/16 8 1/8 6 months 8 7/16 8 3/8 9 monthi 8214 words
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Article32 1988-07-25 6 The range of call rates for the week ended Saturday, July 23 Rank fund 2.00 3.70 Gen fund 2-50 3.55 Movement* of funds M* l,353«i Source: Short Deposits (M) Bhd32 words
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Page 6 Advertisements
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Advertisement69 1988-07-25 6 ma BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sevvy's golf date every Tuesday.69 words
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Advertisement22 1988-07-25 6 The 'Taking Cover* columnist, Paul Frankland, is away on vacation. Tha government securities market and weekly European forex reports were not available.22 words
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BANKING AND FINANCE
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516 1988-07-25 7 NYT THE CHAIRMAN of the Federal Reserve Board has criticised major portions of the banking legislation in the House, recommending that some parts be struck off and warning that others could impose massive costs on the banking system. In a letter to FernandNYT - 516 words
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224 1988-07-25 7 Reuter A GOVERNMENT-APPOINTED committee believes its proposals to change laws governing Sweden's banks and finance companies will ease the country's integration with the European Community, but analysts said Stockholm still has a long way to go. A key proposal of the Credit Market CommitteeReuter - 224 words
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Article, Illustration416 1988-07-25 7 LEONG WEN WAH - By LEONG WEN WAH YOU DON'T HAVE to stand in a queue anymore to see your bank teller if you are a customer of Chung Khiaw Bank, Orchard Road branch. The bank, a member of the United Overseas Bank group,416 words
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305 1988-07-25 7 FT A SERIES of new initiatives to strip out and refinance the non-performing loans in leading US banks' balance sheets is likely to be attempted within the next few weeks by several teams of US commercial and investment banks, probably led byFT - 305 words
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90 1988-07-25 7 AFP FRENCH BANK Credit Lyonnais, which opened a branch in Seoul 10 years ago. is to open another branch office in Pusan, South Korea's second largest city, the bank said on Friday. Pusan, with a population of three million, is the world'sAFP - 90 words
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204 1988-07-25 7 Reuter THE HEAD of South Africa's second biggest bank has urged business leaders to press the government to abandon apartheid race policies to try to avert further sanctions. Henri de Villiers, chairman of the Standard Bank group, last week warned South Africans notReuter - 204 words
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385 1988-07-25 7 AFP TAIWANESE BANKS must tighten credit further to stem the outflow of idle funds and keep inflation below the 5 per cent mark in 1989. The Council for Economic Planning and Development (CEPD) said on Friday that despite an average 9.6 per cent reductionAFP - 385 words
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299 1988-07-25 7 NYT THE FEDERAL Deposit Insurance Corp last week chose an offer from Carl R Pohlad, the Minnesota investor, from among three competing bids to buy two ailing Texas bankholding companies. The transaction would merge Texas American Bancshares Inc. of Fort Worth, and theNYT - 299 words
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Page 7 Advertisements
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Advertisement103 1988-07-25 7 Night 7i ir Daily As you can see, our daily flights to Bangkok are as regular as your three main daily meals. As perfectly timed too! But they are far from routine. Because q. on board, youH experience our famous Royal Orchid Service. With the sort of charm and grace103 words
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PERSPECTIVE
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Article, Illustration1145 1988-07-25 8 WILLIAM DAWKINS, HUGH PAIN - European Commission officials are proposing, among other things, to sweep away the technical and fiscal differences that have traditionally insulated national car markets from full competition. WILLIAM DAWKINS reports on the draft paper that is in its final stages of preparation,FT - 1,145 words
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Article, Illustration529 1988-07-25 8 Reuter MARUTI, India's newest and most successful car company, has bright prospects for selling its 800 cc sub-compact in East and West Europe. Asia and Africa, its chairman said. Chairman Venkataraman Krishnamurty said earlier this month that Hungary had taken delivery earlier this year ofReuter - 529 words
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Page 8 Miscellaneous
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Miscellaneous1273 1988-07-25 8 to aiaa aaaa® 7.30 PM Opening and Programme Highlights followed by Kay O'Brien. A young street kid suffering from abdominal pains is suspected of being a child abuse victim in this pilot episode about a pretty, spunky 28-year-old surgical resident in a New York hospital. 8.20 World Musk Album. 8.301,273 words
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Miscellaneous700 1988-07-25 8 24 29 CRYPTIC PUZZLE ACROSS 1 Was it belted? (5) 6 Brightens up when given benefits (5) 9 Leave in a huff and take a stroll (4. 3) 10 Just the urchin to win about a thousand (5) 11 Girlish sounds (5) 12 Bad bowler? (5) 13 Quietly yearned to700 words
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THE ARTS
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Article, Illustration1111 1988-07-25 9 SHAUN KOH - -By SHAUN KOH BUDGET-PRICED CDs have been flooding the stores in the past few months: EMI with its Classics for Pleasure, Weekend and Studio labels, Decca with the Ovation series, Deutsche Grammophon with its Galleria series and Erato with its Bonsai series. The1,111 words
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MUSIC NOTES
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Article172 1988-07-25 9 NO DOUBT there are many diehards who will declare that CDs do not possess the qualities to replace LPs adequately. Complaints are that digital sound is hard and unrealistic, bordering on the artificial. But for one customer in a CD store I frequent, CDs have172 words
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Article238 1988-07-25 9 SHAUN KOH - -By SHAUN KOH BRITISH recording company and CD manufacturer Nimbus' recent claim that the dye used for the labels on CDs is destructive has seen purchasers clamouring for more information. Will CDs self-destruct as the dye seeps through the protective layer to destroy the recorded digital information238 words
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Article, Illustration715 1988-07-25 9 VANESSA LEE - Works of the late Lim Cheng Hoe August 4 to 7 Orchard Point Exhibition Hall By VANESSA LEE ANOTHER TIME, another place. Pardon the cliche, but after two hours with the late Lim Cheng Hoe's paintings I couldn't help feeling I'd stepped back in time. A715 words
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Article, Illustration588 1988-07-25 9 SHAUN KOH - Australian Youth Orchestra August 6 Victoria Concert Hall By SHAUN KOH THE 90-MEMBER strong Australian Youth Orchestra, with members ranging from 16 to 23 years of age, has embarked on what has been promoted as a grand tour with an impressive array588 words
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SPORTS & LEISURE
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Article, Illustration283 1988-07-25 10 UPI TODD BENZINGER's two-run double capped a four-run fourth inning last Saturday and carried the Boston Red Sox to an 11-5 rout over the Chicago White Sox in Boston for its 10th consecutive victory under manager Joe Morgan. Boston hasUPI - 283 words
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122 1988-07-25 10 AP NEW YORK YANKEES legend Joe DiMaggio was discharged last Saturday from the Miami Beach hospital where he underwent surgery 10 days earlier for an abdominal aortic aneurysm, his surgeon said. "His prognosis is excellent. The reason he recovered so well is that he's in excellentAP - 122 words
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381 1988-07-25 10 Reuter MTOTO proved himself the best middle-distance performer in Britain and probably Europe with a dazzling two lengths success in the King George VI and the Queen Elizabeth Diamond Stakes at Ascot last Saturday. The five-year-old colt, starting at the generous odds ofReuter - 381 words
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Article, Illustration386 1988-07-25 11 AP JUAN MARTINEZ-OLIVER of Spain won the time trial last Saturday as compatriot Pedro Delgado closed in on the Tour de France overall victory. With one stage remaining before the finish yesterday, Delgado arrived fourth in the 21st stage, a 46-kmAP - 386 words
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Article, Illustration433 1988-07-25 11 AFP BORIS BECKER and Eric Jelen put West Germany into the Davis Cup final last Saturday, but they will have to wait at least another 24 hours to know who their title opponents will be. For while BeckerAFP - 433 words
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148 1988-07-25 11 AFP TOP-SEEDED Jimmy Connors defeated eighth-seeded Jay Berger 7-5, 6-4 in a raininterrupted match last Saturday to advance to the semifinals of the U*****,000 Washington Tennis Classic. Connors outduelled Berger in a baseline battle and took one step closer to winning hisAFP - 148 words
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Article, Illustration379 1988-07-25 11 AP FLORENCE GRIFFITH JOYNER, Jackie Joyner-Kersee and Mary Slaney completed double victories at the US Olympic trials in Indianapolis last Saturday. Griffith Joyner, who set the world record of 10.49 seconds for the 100 m dash a week before. won theAP - 379 words
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175 1988-07-25 11 AFP GREG FOSTER'S brave dream of competing in the men's 110 m hurdles at the Seoul Olympics was shattered in Indianapolis last Saturday. Foster, risking possible paralysis in his broken left arm and racing against doctors' orders. stumbled and nearly fellAFP - 175 words
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300 1988-07-25 11 AFP ENGLAND ALL-ROUNDER Derek Pringle put England back in contention on a rain-reduced third day of the fourth Test in Leeds by taking three wickets to leave the West Indies at 238 for eight. Pringle produced the triple strike in 16 balls toAFP - 300 words
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434 1988-07-25 11 CHARLES SAVAGE - By CHARLES SAVAGE THE FOURTH limited overs one-day cricket carnival, starting on Aug 7 between Singapore and teams from Malaysian states, promises to be a very close-fought affair. This series stretches back to 1980 when Federal Territory (FT) won the first competition. It is434 words
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Page 10 Advertisements
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Advertisement125 1988-07-25 10 a u for the health-i onscious, weight-watchers or simply lovers of greens, we present you Daily from 11 am to 2pm at Cafe Vienna Fbr $8.90 you can tuck into more than 35 varieties of salads, eight dressings, eight condiments, soups, breads, rolls and fresh fruits. Treat yourself to an125 words
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Advertisement160 1988-07-25 10 Sweet and Savoury Sizzling Satay -v.l 7>«577 July 1 31 Sizzling satay, the all-time local favourite. Succulent mutton, chicken and beef skewered and grilled on an open fire. Accompanied by a rich sweet and savoury peanut sauce, and fresh crisp guava salad. Plus a complimentary mug of ice-cold Anchor Draft160 words
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Advertisement239 1988-07-25 10 MAGICALLY HYATT I+l 1 1 1 1? When guests order any beverage, standard or premium, at selected outlets, they will get a second drink, all for the price of one! It's a magic formula applicable daily The Lounge 6-Bpm The Mandarins will entertain you from 9.15pm onwards in The Lounge.239 words
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Advertisement191 1988-07-25 10 52 :< k, Lunch and dinner. Adults: $13.50+ Child (under 12) $9+ Cafe Plaza Plaza Hotel Beach Road Sineaporr 0719 Tel *****11 Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, tor every drink you order you get your next FREE.191 words
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Advertisement121 1988-07-25 10 Level 4, Excelsior Hotel The Ivory's Sensational NEW IMAGE! Now, No Cover Charge! Cover Charge from Sundays to Thursdayshad been waived! And as an added treat, a new image is emerging... scintillating and sizzling, a sheer delight of the senses! Fri, Sat Eve of Pub Hoi: $18 Cover Charge inclusive121 words
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Page 11 Advertisements
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Advertisement276 1988-07-25 11 ■o Catch of the Month, Fresh Salmon. July 1 to 31 The health conscious will appreciate the Hubertus Grill's Salmon Promotion Eoch portion of pink Salmon is low in calories, low in cholesterol and rich in Vitamins A and D Enjoy Salmon poached, panfried, grilled, smoked or marinated, served hot276 words
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Advertisement213 1988-07-25 11 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OK MAIN COURSES. W For between $26+ and $40+ you can select from our appetiser UKILI. buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish with mouthwatering213 words
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STOCK EXCHANGE OF SINGAPORE
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Article25 1988-07-25 12 Company BONUS ISSUE S P P One-for-two Ex-date: NYA Books dose: Aug 1 Tuon Sing One-for-10 Ex date: NYA Books close-. Aug 125 words
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Article293 1988-07-25 12 Company RIGHTS ISSUE A M D B One tor-lour JO 50 per shore C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for ever/ five ordinory shores held C K Tang One-for-two $225 per shore Eoch rights comes with two detachable TSRs The293 words
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Article199 1988-07-25 12 MOUNT PLEASURE HOLDINGS Barhad: 27th AGM at Banquet Hall. Ferringhi Beach Hotel, 12.5km Batu Ferringhi Road, ***** Batu Ferringhi, Penang, on Thursday. July 28. at 11am. BUKIT Sembawang Estates Limited: 22nd AGM at 19th Floor. OCBC Centre, Chulia Street, Singapore 0104, on Friday, July 29, at noon. GENERAL199 words
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Article286 1988-07-25 12 Managers' prices for July 26 Singapore Unit Trust The Commerce 103 1 10 The Sotf'igs Fund 091 0 97 S pore Prog Fund 043 0 47 S pore Sec Fund 072 0 77 S pore Invest Fund 072 0 77- S pore Equ>ty Fund 052 056 Asia Unit286 words
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Article672 1988-07-25 12 Singapore Stock Indices My IS July 19 July 20 July 21 July 22 BT Comp 1 *****1 1004 89 1010.62 *****8 1008 59 BT OB/OS 10 147 54 220 360 217 BT CADI 11 -6120 6206 -6127 -6091 -6161 BT 10-day av 11 -6311 -6306 6284 -6248 -6226 BT OBV672 words
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Article, Illustration218 1988-07-25 12 Business Times Composite Index components Stock Close Amol Steel 206 004 Bousteod 1 48 003 C C 289 0 06 Cerebos 665 '0 Cold Store 482 0 66 Esso 390 0 53 F N 945 -0 10 Gentings 570 3 Haw Par 402 0 26 Inchcope 660 0 Keppel 288218 words
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Article5414 1988-07-25 12 Gr's Gr's 1988 Tel Last Div Div Y'ld Net Vol Week Last Quote High Low Code Company Sale or- C'vr PI E 000) High Low Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL ADEF A 1005 1005 ADEF B 1005 m 139 95 1 1000 Acma 127 xd unch5,414 words
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MARKET REVIEWS
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423 1988-07-25 13 K.Lumpur THE KUALA LUMPUR stock market appeared to consolidate last week as share prices continued to advance albeit less sharply in the face of heavier-than-usual profit taking in three sessions out of five. At the close, the 30counter New Straits Times Industrial Ordinary423 words
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699 1988-07-25 13 LONG SHIH ROME - Sinqapore By LONG SHIH ROME THE SINGAPORE stock market mirrored very closely the volatile performance of the Tokyo market last week which, in turn, took its cue from Wall Street. A firm opening on Monday quickly gave way on Tuesday when the Tokyo market turned699 words
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811 1988-07-25 13 New York FT A FEW DAYS after the whole world seemed to be celebrating America s heroic trade improvement, as symbolised by the Istest monthly deficit figure of a mere US$9.B9 billion. Wall Street suffered its biggest weekly fall since early spring.FT - 811 words
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387 1988-07-25 13 Tokyo AFP SHARE PRICES on the Tokyo Stock Exchange posted a moderate gain on Saturday on late session buying centring on hightechnology export-oriented issues. The 225-issue Nikkei Stock Average, a 391.13yen loser on Friday, closed out the week at 27,301.34 yen, upAFP - 387 words
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Article589 1988-07-25 13 JULIANA TAY - Week ended July 22 compiled by JULIANA TAY SCRIP ISSUES QAF Ltd: Proposed rights issue of one-for-two at $0 40 per share CORPORATE DEVELOPMENTS Malaysia will allow foreigners to increase their equity stoke in local broking firm to 49% from the current 30% Avimo Singapore589 words
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Article424 1988-07-25 13 SHIRISH NADKARNI - By SHIRISH NADKARNI FOR THE second time in a month in Bombay the employees of some sharebroking firms resorted to agitational methods to press their demands, and in the process, held up the settlement procedure. As a result, the Bombay Stock Exchange authorities were compelled424 words
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454 1988-07-25 14 London UPI SHARE prices in London continued to be depressed last week on a generally lower Wall Street and the higher pound not helping Britain's leading exporters. Sessions were lacklustre. Worries overtook investors, who stayed on the sidelines for most ofUPI - 454 words
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361 1988-07-25 14 Zurich UBS THE ZURICH stock market last week initially adopted a wait-and-see attitude. But when interest rate levels continued to rise on Monday and conditions in Tokyo worsened, quotations tapered off slightly. Stocks of small insurance companies, in particular Lasuisse, Geneva Life andUBS - 361 words
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162 1988-07-25 14 ABN Bank THE better-than-expected US trade figures released recently were the main stimulus for Dutch stock prices last week. The US dollar reached a new record for 1968 against the guilder of 2.13. Concerted interventions of world central banks pushed the currency down toABN Bank - 162 words
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Article, Illustration943 1988-07-25 14 Hongkong LAST WEEK the Hongkong market slipped lower due to unfavourable local and overseas news. Sentiment was unsteady as investors were rocked by US inflation fears and rising interest rates to stem the fall in the US dollar. The week began firm due943 words
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COMPANY NEWS
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Article, Illustration836 1988-07-25 14 FLORENCE CHONG - Lee Ming Tee-related company owes more than Asl2om By FLORENCE CHONG HDFI, a commercial finance company and the remaining major Australian interest of Sydneybased Malaysian businessman Lee Ming Tee, is reported to be under considerable financial strain. The Sun-Herald newspaper reported that the836 words
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372 1988-07-25 14 MBT DUNLOP MALAYSIAN Industries Bhd. which has changed its name to DMIB Bhd. is to go into rubber-based products "in a big way." managing director Abdul Shukor Nagor said. Apart from producing examination gloves. DMIB would also soon begin production of balloonsMBT - 372 words
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Article, Illustration428 1988-07-25 14 MBT RALEIGH Bhd shareholders are in for a surprise. The group, which recently proposed a sev-en-for-two rights issue and acquisitions, has decided to offer its products to shareholders at attractive prices. Thanks to the ingenuity of its new director and chief executive Mr Patrick LowMBT - 428 words
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Page 14 Advertisements
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Advertisement9 1988-07-25 14 Keep your investment decisions on target HABTPOIN EVEBY SATURDAY9 words
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WORLD MARKETS
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Article1019 1988-07-25 15 New York Reuter A WEAK DOLLAR and a sharply lower close in the Japanese stock market sent US stock prices faltering in a lower finish last Friday. A few traders said scattered futures-related selling may have also added pressure to the market, which had openedReuter - 1,019 words
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1049 1988-07-25 15 London Reuter LONDON share prices lost ground last Friday but dealers said volume had dropped to a trickle ahead of the weekend. Prices were marked down in early business following declines in both the Tokyo and New York markets overnight and extended their losses inReuter - 1,049 words
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Article809 1988-07-25 15 Amsterdam JULY n FLO ABN 46.30 -03 Aagon 83 50 -07 Ahold 136.00 0.3 Alranta 153 80 unch amev 53 30 -03 74 30 •0.1 Am Stad 124 00 11 50 -0 1 bols 130 20 -02 98 BuaTirman TaOarod a 92.30 746 -0.2 -7 56 10 -08 32 80809 words
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382 1988-07-25 15 Reuter THE BRITISH government plans to sell off stateowned aircraft maker Short Brothers PLC, which once built bi-planes under licence for American aviation pioneers Orville and Wilbur Wright Belfast-based Short, whose products include civilian and military versions of the Turboprop 30-seat Shorts 330 and 36-seatReuter - 382 words
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Article547 1988-07-25 15 AFP SHARE PRICES on the Tokyo Stock Exchange posted a moderate gain last Saturday on late-ses-sion buying centring on high-technology exportoriented issues. The 225-issue Nikkei Stock Average, a 391.13 yen loser on Friday, closed out the week at 27,301.34 yen. up 16.33 yen from the previousAFP - 547 words
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Article90 1988-07-25 15 NYT DREXEL BURNHAM Lambert Inc and its staff stand to make a huge profit only three-and-a-half months attar they joined with a New York investment firm. Gilliam Joseph Littejohn Levy, to buy an obacure petrochemicals company, the Rexene Corp. In the leveraged buyout the equity investmentNYT - 90 words
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93 1988-07-25 15 Reuter AN OHIO Department of Insurance hearing officer haa conditionally recommended Batus Inc's application to acquire Farmers Qroup Inc be approved. Joseph White's report found Batus, the American subsidiary of British tobacco, retail and financial services conglomerate BAT Induatriea PLC, "fit and proper''Reuter - 93 words
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262 1988-07-25 15 AP JAPAN'S Finance Ministry is moving to investigate a real estate firm involved in a legal yet shady stock scam that reaped massive profits for select individuals, including officials from government, business and the mass media, press reports said on Saturday. In reports carried byAP - 262 words
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339 1988-07-25 15 FT CADBURY SCHWEPPES has sold its three confectionery factories in the US to Hershey Foods, the second-largest US confectioner, for US$3OO million. Under a separate licensing agreement, Hershey, which holds 35 per cent of the US chocolate market by volume, will manufacture, marketFT - 339 words
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207 1988-07-25 15 FT BONO International Gold has cut the price of the units it will offer for sale in its US$3OO million flotation this week to US$7O. from the US$75 to US$B5 range indicated in the "pathfinder" prospectus. Analysts say the company, which incorporates most ofFT - 207 words
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Page 15 Advertisements
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Advertisement307 1988-07-25 15 NOTICES IN THE MATTER OP THE COMPANIES ACT (CHAPTER 90) AND IN THE MATTER OF UVTSCO PTE LIMITED (In Member*' Voluntary Winding-up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 101-A Upper Croee Street, #11-22, People's Park Centre, Singapore 0106 on 19 July 1968,307 words
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Advertisement282 1988-07-25 15 NOTICE NOTICE IS HEREBY GIVEN that, I LAM WEE GEOK of Blk 118 Clementi St 13 #04-87 S'pore 0512, has applied for a Retail Liquor Shop licence in respect of premises at M/s Yoon Ban Sin Medical Hall at Blk 233 Bukit Batok East Ave 5 #01-41 S'pore 2365, and282 words
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Page 15 Miscellaneous
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573 1988-07-25 16 Early poll results indicate Prem returning as PM Reuter, UPI EARLY RETURNS in yesterday's Thai general election indicated the creation of another multiparty coalition and the probable return of compromise Prime Minister Prem Tinsulanonda, political analysts in the country said. Results compiled by a BangkokReuter,; UPI - 573 words
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443 1988-07-25 16 AFP A REGIONAL CONFERENCE on Cambodia beginning in Bogor, Indonesia, today is expected to break the ice between the parties involved in the conflict, diplomats and analysts say. The informal meeting, to be held at a presidential retreat in the smallAFP - 443 words
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Article, Illustration614 1988-07-25 16 HARISH MEHTA - By HARISH MEHTA BRITAIN is show-casing its big defence manufacturing companies in a one-day air and naval show targeted at top-flight naval and defence ministry officials. BT understands that 29 top British defence and related firms will participate in the high-level show614 words
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126 1988-07-25 16 Agencies IRAQ yesterday said its troops had withdrawn from southern Iranian areas captured two days ago and would leave all Iranian territory occupied recently. A military spokesman in Baghdad said the Iraqi Third Army Corps had completed the southern pullout by dawn yesterday.Agencies - 126 words
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112 1988-07-25 16 Reuter JAPANESE Premier Noboru Takeshita yesterday re-affirmed his determination to introduce an unpopular sales tax this year, and called on the nation not to get emotional over the issue. Mr Takeshita told business executives at a seminar conducted by the rulingReuter - 112 words
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241 1988-07-25 16 Reuter A SENIOR Japanese politician said in Tokyo over the weekend that many American blacks do not mind going into debt or bankruptcy, causing Japanese newspapers to comment yesterday that his remarks could cause friction between Tokyo and Washington. Michio Watanabe a top member ofReuter - 241 words
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181 1988-07-25 16 Reuter A BLACK MARKET in foreign currency patronised by foreign students and tourists, speculators and even Chinese officials is booming in Beijing, according to the Workers Daily. The newspaper said yesterday that police arrested 139 black marketeers in 31 of Beijing's districtsReuter - 181 words
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288 1988-07-25 16 LEE HAN SHIH - By LEE HAN SHIH LIFE has been good for Singapore's pawnbrokers. They chalked up a record $423 million of business in the first four months of this year. Figures released by the Department of Statistics show that this was a growth of 12.4 per cent288 words
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SATURDAY ROUNDUP
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Article116 1988-07-25 16 CHANGES have been made to the Architects Rules 1982 to allow architects to take part in seminars and contribute articles to any publication on matters of architectural interest. The Architects (Amendment) Rules 1988, which was gazetted on Friday, also allows these professionals to be interviewed116 words
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133 1988-07-25 16 THE EXTERIOR walls of Housing Board flats are to get a new improved finish that will require little painting and therefore allow huge savings in long-term maintenance costs. The new look, exposed aggregate finish, is produced by using natural133 words
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72 1988-07-25 16 THE Boys' Brigade, which has set up a youth centre in Kim Seng constituency, has been urged to look into the possibility of joint projects with other community groups in the constituency. Or Yeo Ning Hong, the Minister for Communications and Information, said72 words
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124 1988-07-25 16 CONFIDENCE has returned after last October's stock market crash, an indication that the basics in Singapore are sound, said Dr Tay Eng Soon, the Minister of State for Education. Speaking at the 21st anniversary dinner of the Finance Houses Association of Singapore, Dr124 words
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LATE FILE
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Article60 1988-07-25 16 Reuter PAKISTAN want* to buy more defence equipment and arms from the US, Foreign Minister Sahabzada Yaqub Khan said in lalamabad yeetarday. Tha official APR naws agancy reported that before leaving for Waahington, he tokl reporters he would diecuss Pakistan's arms needs with US officiateReuter - 60 words
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Article48 1988-07-25 16 UPI FOUR STUDENTS driving a car hurled a home-made bomb at the houee of former South Korean preeident Chun Doo Hwan in weetern Seoul early yeeterday, but there were no damage or casualties aa the bomb did not go off, police said. UP!UPI - 48 words
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Article34 1988-07-25 16 Reuter A TAIWANESE DISSIDENT, Chen Wan-Chen. 36, waa stopped at Taipei airport yeeterday when aha tried to return to Taiwan after almost 10 years of aeff-exile In the US. ReuterReuter - 34 words
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Article39 1988-07-25 16 AFP A POLITICAL PARTY headed by a brother of Philippine Preeident Corazon Aquino, Joae Cojuangco, yeeterday decided to expel him and other party leaders for planning to merge the group into a coalition. AFPAFP - 39 words
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54 1988-07-25 16 Reuter THE EUROPEAN Community is to investigate China's mineral sxports which may endanger its third largest export market. The China Daily newspaper yesterday quoted a top Chineee official as saying too many companies were exporting too cheaply, which "could lead to increased protectionist sentiment inReuter - 54 words
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Article33 1988-07-25 16 AP NEW ZEALAND'S unemployment figures have risen to almost 114,000 or 8.5 per cent of the workforce, according to figures released yesterday by the country's Department of Labour. APAP - 33 words
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Page 16 Advertisements
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Advertisement382 1988-07-25 16 Free dippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. The $1.2 billion Raffles City complex has put up a remarkable performance. 2. The DBS success story: An exclusive interview with DBS Bank president Patrick Yeoh on the bank's382 words
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SHIPPING TIMES
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413 1988-07-25 17 JUNE LIM - By JUNE LIM PLANS are being worked out by Tientsin Marine Shipping Co to begin a monthly, semi-con-tainer service between the Far East and Europe. The service will probably connect Xingang, a major commercial port in northern China. Hongkong and Singapore with413 words
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199 1988-07-25 17 THE Philippine Ports Authority appears to have shelved the Port Irene project for a second time. Official PPA sources told the Manila Chronicle that PPA management "is reluctant to pursue the 316 million pesos expansion of Port Irene in Cagayan province at present199 words
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PORTSIDES
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84 1988-07-25 17 GROWTH in the inter-Asian trade will surpass that of North America and Europe in the next few years, said Richard Pearson, corporate general manager of Hongkong International Terminals. Inter-Asia trade now accounts for 20 per cent of HIT'S total business from 15 per cent previously.84 words
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Article180 1988-07-25 17 Reuter SHIPPING conferences covering the trade from Europe to India. Pakistan, Bangladesh and Sri Lanka have reviewed their currency adjustment factors with effect from July 25. The CAP for eastbound trade between Europe (excluding the UK and the Irish Republic) and India, Pakistan and Bangladesh will fallReuter - 180 words
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Article63 1988-07-25 17 Reuter THE INDIAN motor vessel Viahva Bandhan (13,764 dwt) was in collision with the Spanish ship Alalma (4,029 dwt) in thick fog 32km off Cape Finisterre, Lloyds Shipping Intelligence said. The Vishva Bandhan was bound from Le Havre for Port Said, and is now proceedingReuter - 63 words
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Article54 1988-07-25 17 Reuter THE 31,770 dwt Cypriot bulk carrier Searanger ran aground on the approach to Szczecin, Poland, on July 18. Lloyd's Shipping Intelligence said. The owners intend to refloat the vessel, loaded with phosphates, with the assistance of the bulk carrier Seaprincess II and two Szczecin port authorityReuter - 54 words
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Article, Illustration474 1988-07-25 18 KINGSLEY WOOD - By KINGSLEY WOOD, Writing for BT from Sydney THE P O Australia subsidiary, Australian Offshore Services, has completed 20 years of service to the offshore oil and gas industry in Australia, New Zealand and South-east Asia. While still recognised as the leading supplier of474 words
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Article1050 1988-07-25 18 ia 1 1 3 2 3 5 2 AC Toepfer XI 5 lloyd T riostmo IV 2/3 Americon Tpt N 4/5 lucky Seaway XI 3 Anro Service IV 2/3 lyfcat Unas M 2 Arrow lines IX 5 Moc-Neh Ag M 1/2 Ajaon Ocaon XI 4 Modju Sdn1,050 words
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317 1988-07-25 19 International Transport Journal THE NHAVA SHEVA port project at Bombay is now expected to cost some R6.8 billion, considerably more than the original estimate of R5.06 billion. The main factor contributing to the escalation in cost is the appreciation in value of foreignInternational Transport Journal - 317 words
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272 1988-07-25 19 Reuter BRITAIN'S battered merchant marine was dealt a further blow last week when the government refused to give a nationalised shipbuilder a European Community subsidy to help it win a Cuban contract. UK Trade and Industry Secretary (Minister) Kenneth Clarke told parliament thatReuter - 272 words
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Article84 1988-07-25 19 Reuter A Philippine cargo ship and its 25 Filipino crew disappeared in the Indian Ocean three weeks ago while en route to South Africa from Australia. Rene Aguirre, president of Singa Bulk Carriers, said the 27,000-ton Singa Sea set out on July 2 and was lastReuter - 84 words
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11401 1988-07-25 24 Mum 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 of11,401 words
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Article2097 1988-07-25 26 A—b AB Shipping Bouatead Shpg Agenciee ABC Containerline NV S pore Shpg (S) Accord Shpg Accord Shpg (S) Africa Ocmd Linee Seal ion Shpg (S) Ahrenkiel Liner Kim Shpg (S). Alfred C Toepfer Oceania Shipping Agenciea (S) Multiport Sdn Bhd (PK). Alltrana Alltrans Expreea American Preeident2,097 words
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436 1988-07-25 28 Fairplay TWO OF NORWAY'S shipping groups, A/S Kristian Jebsens Rederi of Bergen and With Wilhelmsen Limited A/S of Oslo, have recently taken steps to implement new financing packages for large parts of their ship operating companies. In the case of the Jebsen group, pressureFairplay - 436 words
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Article440 1988-07-25 28 THERE IS STILL no official announcement from Taiwan regarding the closure of moet demolition berths at Kaohsiung so as to expand container facilities there but it is widely rumoured berth holders will be allowed a twoyear extention. Meanwhile, three cement carriers are reported to have changed hands within Spain440 words
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Page 17 Advertisements
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Advertisement943 1988-07-25 17 -°v TIMES STP Distributors |B A SNIPPING AGENCIES (R«| No 242K4/ OOK) «%llf# 200 Cantonment Road #12 05 South point Singapore 0208 Ml If A TH *****U TELEX NO RS ***** W ITffXZZBfI TERMINAL CFS Tel *****18 220 r fcvia J BOOKINGS Tel *****34 235 IHHI JAROINE SHIPPINC AGENCIES SON943 words
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Advertisement110 1988-07-25 17 mm THE P O Australia subsidiary, Australian Offshore Services, has completed 20 years of service to the offshore oil and gas industry in Australia, New Zealand and South-east Asia. P«g« II THE NHAVA SHEVA port project at Bombay is now expected to cost some R6.8 billion, considerably more than the110 words
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Advertisement574 1988-07-25 17 INTERMARINE SUPPLY CO. (PTE) LID. TEL 285M33 UNEB) TLX; MCCO RS MS FAX: MS*77 MAERSK LINE WE PUT YOUR CARGO ON THE TRACK TO THE U.S. GULF liaJilML This Mt Ami M 8810 CV 27/7 2300 MRS CFS 27/7 1300 MRS To Europe —UK Scandinavia Finland M Mondo M Mondo574 words
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Page 18 Advertisements
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Advertisement595 1988-07-25 18 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT KASUGA MARU I ARGS BAY HONGKONG EXPRESS KAMAKURA ARLBERG RHINE MARU TOKYO BAY FRANKFURT EXPRESS ALSO ACCEPTING CARGO TO ALL UK INLAND DESTINAT m BELFAST, DUBLIN, COPENHAGEN, AARHUS, GOTHENBURG, MALMO, HELSINKI. OSLO. CARIBBEAN t S AMERICA CONTAINER SERVICE FROM UK/CONTINENT IB.'.'d'J.ll RHINE MARU CONTAOO595 words
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Advertisement21 1988-07-25 18 h' ne t a services represented by Members of the Registry of Accredited (5 Shipping Agents. Singapore National Shipping Association. V.21 words
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Advertisement464 1988-07-25 18 C SAV EXPRESS SERVICE TO/from CHI toko mhca m Mmrwir im 3AV 1 3AVI SAW 1 W feJ un ®r_ Z7» CARGO FOR PUNTA ARENAS. TAICAMUANO (SAN VICENTE) ACCEPTED WITH TfS VIA VALPARAISO Singapore *****00 Bookings *****06 K. Lumpur P. Kelang *****25/6/8, *****19. *****18 AmTbns. U.S. EAST COAST, CENTRAL/SOUTH »Y464 words
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Page 19 Advertisements
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Advertisement1074 1988-07-25 19 ZJ The Straits Steamship Group ;ufM-, Mansfield Container Shipping Re Ltd P&O Containers CONTMNERSHIP SERVICE TO UK/CONTSENTTI STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok ICONTAINERSHIP SERVICES TO/FROM BANGKOK PtCASUS PROGRESS VS37N I PEGASUS PROGRESS VS3W* BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL: *****80 Also Accepting Cargo For: Hjmflurg1,074 words
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Advertisement778 1988-07-25 19 o Do THE WORLD'S LEADING SHIP OWNERS KNOW SOMETHING YOU DON'T? For over two centuries, shipping companies from all over the world have been relying on k The Royal Bank of Scotland X tor assistance. With offices in New York, Singapore, Piraeus, Zurich, Hong Kong and London, ▼x we offer778 words
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Page 20 Advertisements
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Advertisement588 1988-07-25 20 mSINOSE MARITIME PTE LTD J M IRAN MEE2AN IRAN EKRAM ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Laiding tor--2917 BANDAR ABBAS 3/1 BANDAR ABBAS JAPAN/KOREA SERVICE Singapore Loading for 18 JAPAN. KOREA KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: A VESSEL 15/8 LAE, PMB. RBL, HRA MICRONESIA588 words
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Advertisement1028 1988-07-25 20 KSline ff'M S»W*C Tl9O FULLY CONT AIHERISED SERVICE Member ol the Ace Consortium TO EUROPE VIA SUEZ fUtLY CONTAIN! RiSED TO,FROM NORTH AMERICA WfST COAST •FOR/MOTHER VESSEL SSB (6E/HANJIN KWANCYANG 47E SSB 66E/KOREAN WONIS JIN 77E KCH 37E/HANJIN BUSAN CE KCH 3/E, KOREAN WONIS SUN 73E ACD ISf.HANJIN POHANC (IE1,028 words
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Advertisement142 1988-07-25 20 FREIGHT LINKS EXPRESS PTE LTD DIRECT SERVICE TO BOMBAY KARACHI: ETA 9/8 23/8 PORT KELANG PENANG RANG ((OK HONG KONG KOBE MANILA TOKYO/YOKOHAMA KEELUNG/KAOHSIUNG BUSAN JAKARTA bookings: *****88 (8 Lines) SINGAPORE: *****45 (25 Lines) JOHORE: (07) *****2, *****7 KUALA LUMPUR: (03) *****66 (6 Lines) PENANG: (04) *****9, *****5 JAKARTA: (021)142 words
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Advertisement1294 1988-07-25 20 r ©EVERGREEN \#ZZCJr r n rs Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVCB GENERAL EVER GOLDEN 30/7 EVE* GLOBE EVER GENTLE w. EVER GENTRY EVER GATHER UZ EVER GOVERN 7« EVER GARDEN u ALSO ACCEPTING CARGO TO: U J** 1 s™*"* SAVANNAH (OSTON wilhincton ocrmuda. etc t) ATLANTA. CHICAGO1,294 words
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Page 21 Advertisements
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Advertisement866 1988-07-25 21 PACIFIC INTERNATIONAL LINES \V\ PIL Building, 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE HTC YOK NGO KOB BUS 10/t 12/t 18/S 23/8 24/8 2S/8 29/1 9/9 7/» 9/t 1W JAKARTA CONTAINER SERVICE SURARAYA/SEMARANC CONTAINER SERVICE BELAWAN/STRAITS CONTAINER SERVICE RED SEA/EAST AND WEST AFRICA SERVICE KARACHI/M.E.866 words
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Advertisement427 1988-07-25 21 rat BEN LINE CONTAINERS TASM AN JEBSEN NEW ZEALAND LINE TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN 11 It 24/8 MAIN LINE HKC NOUMEA SUVA AKL NAP TIM E.R BRUSSEI VIS 20/8 18/9 23/9 26/9 29/9 ANANGEL LEADER 10S 5/9 2/10 6/10 8/10 10/10 FROM NEW ZEALAND SIN 26n427 words
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Advertisement578 1988-07-25 21 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSI/VOY SPORE LJ BONTANG/15WB 30/8-1/9 KUTAI/15 WB 10-12/9 OCEAN PRIMA/11WB 16-11/9 SRIWIJAYA/24W8 27-30/9 ANTWERP H'BURG/ RDAM/ADAM BREMEN 3/10 6/10 10/10 13/10 23/10 26/10 26/10 29/10578 words
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Advertisement277 1988-07-25 21 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) PAGAN VI3OW PA-AN VI27W HTONEYWA V237W Loading for Rangoon P.Kelang Penang Bangkok 5 BANK LINE SEMI-CONTAINER SERVICE TAMAITAI SAMOA VI3N FORTHBANK V22N IVYBANK V22N SPORE ROAM HULL 27/7 21/1 3/9 3/8 2S/8 6/9 9/9 s/io isao I EXPRESS TO277 words
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Page 22 Advertisements
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Advertisement861 1988-07-25 22 13 KAWASAKI KISEN KAISHA, LTD. 'K'linb AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR N. AMERICA-ATLANTIC COAST N. AMERICA PACIFIC SOUTH-WEST N. AMERICA PACIFIC NORTH-WEST MOTHER VESSEL HARBOUR BRIDGE VERRA2ANO BRIDGE TOWER BRIDGE BAY BRIDGE CHICAGO NYC HONGKONG CONTAINER KOREAN JACEJIN KOREAN861 words
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Advertisement726 1988-07-25 22 r m AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Containers Smpoo'f P Parting Loading lor **h« By Feeder Br Feeder KALIDAS *38 U«4 5 Aug 5 Aug Frem<¥etb,Sjdn'Ade» TUISIDAS VJ7 I Sept 1 Sept i Sept Frem/Melb,srdn/A<M KALIDAS 1 Oct 25 Sept Sept Frem/Mett/Sfdn/Adet TULSIOAS *38 X Oct 19 Oct 19726 words
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Advertisement634 1988-07-25 22 GOLDEN LINE GUAN GUAN SHIPPING (Pit) ITD 23. Teiot Ayer Street SINGAPORE 0104 TEL U43W (10 LINES) Fai U4WM 2/4 At* 10/U Atif STRAITS/PERSIAN GULF SERVICE: Sport P Keianj Penam GOLDEN HAVEN Cotombo/Karachi/Dubai 5/7 Au| GOLDEN BEAR Cotombo/Karaehi/Dubai 20/23 Aug CHINA SERVICE DAI YUN SHAN Stonfttai 2/4 Au( A VESSEL634 words
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Advertisement444 1988-07-25 22 PHIU OniCNT LIN€S PT€ LTD HEAD OFFICE 63 ROBINSON ROAD -07 1? AFRO ASIA BUILDING. SINGAPORE 0106 TELEX RS Z8720 PHILI FA* *****76 EAST/FM EAST FCI ft LCI SBIVKf ETA SINGAPORE DESTINATION r T7I JEODAH (LCL) H.KON6, KOBE. TOKYO KEELUNG KAOMSIUNC. MANILA. BANGKOK. BUSAN, JAKARTA a/7. w NEW CENTRAOC »/7444 words
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Page 23 Advertisements
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Advertisement1027 1988-07-25 23 NEPTUNE AGENCIES PTE. LTD FE EU/AUST TP A/SEA 0«n«ral Enquiries: Tel: 27M977 Terminal CFS BOOKINGS *****3 *****42 *****22 *****53 27*119 27*114 NEPTUNE ORIENT LINES LTD P Kelang NEPLINE SON. BHD *****87 K Lumpur NEPLINE SON. BHD. *****33 Penang NEPLINE SON. BHD *****5/6276MW276U/67Y662 J Bihru NEPLINE SDN BHD. *****0/*****1 *****53 *****421,027 words
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Advertisement421 1988-07-25 23 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: KELANG. PENANG, KEELUNG. BUSAN, INCHON WEF JUNE:1) BUSAN SINGAPORE 2) 8 10 DAYS SERVICE 11 Vtataf'i Nam* ETD BS S PORE PKELANG No 6 Donam/V7N 13/07 »-2S/07 No 1 Oonam/KKN 10/07 In Port 77-21/07 No I Oonam/TON 17/07 01-02 AM 03/00421 words
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Advertisement620 1988-07-25 23 Oil NOW 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 ***** PENANG P. KELANG MESSRS HAI THONG SHIPPING 127 Penang St'eet. Penang. Malaysia MTS HANDLING SYSTEM CO620 words
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Page 24 Advertisements
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Advertisement250 1988-07-25 24 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. Til 225 6868 .30 Lines' fAX *****39 *****76 TUEX RS ***** A 8 SSCMA RS ***** A B SSCAD V£B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE TO EUROPE FAHRLAND VUI HAVELLANO WM jVI I M 122/1 I 1/9 I l/» I 3fl RUHLAND Vfctt BANGKOK250 words
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Page 24 Miscellaneous
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Miscellaneous179 1988-07-25 24 t ft 1 m a 1 2 I A. 52 Sk' A: 1 ftfc IS i* ll'i* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 25, 1988 Wind direction with speed in knots Wove height LEGEND R Thunderstorm Temperature o c Y Shower Weather Wind direction with speed in179 words
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Page 25 Advertisements
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Advertisement1019 1988-07-25 25 FARGO SHIPPING COMPANY (PTE) LTD •N0.15 Hoe Chiang Road #13-02 Sanford Building, Singapore 0208 .Tel *****22 Tlx: ***** FASCO ABC CONTAINERLINE N.V TO AUSTRALIA/NEW ZEALAND nrwr 7 DAYS TO FREMANTLE! TO USA/CANADA Also jccepting cargo to:USA —Houston. Savannah. Tampa. Jacksonville. Wilmington (Del) Norfolk. Baltimore. New York, Boston CANADA —Montreal. Toronto.1,019 words
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Advertisement297 1988-07-25 25 CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Line*) Fax: *****61 LCL FIXED CONSOLIDATION TO:Spore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore S'pore to USA (ALL PORTS) (LCL) to297 words
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Advertisement292 1988-07-25 25 AT CONVENTIONAL WHARVES Berth Arrival Departure KEPPEL WHARVES Boizenburg Fongmng Frances Boy Grurtwald Hoasheng Jacek Malcze Koto Berlian Koto Maiu Kola Nogo Kyowo Breeze Suhona Toniong Emos Trode foir Boizenburg Fremo Strius Kris Melela Pehmanma Trans Fiord Xinhua 2 PASIR PANJANG Al Sona Donam No 9 Hamiddh Orienf Eogle Pollux292 words
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Advertisement207 1988-07-25 25 TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****44 (9 LINES) FAX: *****90 i~7 IRAQI LINE IRAQI STATE ENTERPRISE FOR MAHITIME TRANSPORT EAST BOUND SERVICE MV SINDBAD ETA S PORE LOADING FOR Japan THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTINC CONTAINERS UPTO AO ABA i BAGHDAD REEFER SPACE AVAILABLE UPTO207 words
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Page 26 Advertisements
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Advertisement578 1988-07-25 26 m FINE-LINER SHIPPING PTE LTD 70 Shenton Way. 04 02C Mirina House. S pore 0707 TEL *****/7 (8 Lines) TLX RS ***** FLINER FAX *****56 EUROPE SERVICE MIDDLE EAST GULF SERVICE 1 SW I"Q 6116 SMJ ADS DAM KWT SAM DOM %££vi vM a* BtaSmmmiSil Hamburg West Germany Tiger Line578 words
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Advertisement749 1988-07-25 26 ZIM FULL CONTAINER SERVICE acceding FCL/LCL cjrjoes to USA E»st test Coast Carribbean East Canada HAITI Costa Rica El Salvador Guatemala Honduras. Venezuela Peru Ecuador Colombia via Miami Trinidad Barbados Antigua St Lucia. Montserrat. Guayana via Kingston •j.v.1l HI HI 'I M" I Bill iU irtVJ."! Mi TOKYO Ml TOKYO749 words
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Advertisement354 1988-07-25 26 Everett Lines! COMPANIA PERUANA TOgA DE VAPORES 'PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Penang* P. Kelang* Stngaport MURRAYEVERETT 31/2 Aug THOMASEVERETT 12/14 Aul HUGH EVERETT 24/25 Aug ORIENT LINE" JAPAN/BAY354 words
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Page 27 Advertisements
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Advertisement319 1988-07-25 27 Seabrfcjgfe JEURO AFGHAN/IRAN SERVICES up HUNGARY POLAND WWIIIII. l«Mi BULGARIA, AUSTRIA, YUGOSLAVIA. C2ECMSLA VIA, EAST RERUN AU. INLANO POINTS CONSOLIDATION CO-LOADING .Y FROM Singapore Port K«iang Ptnang FAR EAST •OOKMMANOUmES, PLEASE CONTACT:RMOAFOAE: *****11 TLX: 2G141 tCAAM' FAX: *****60 P. JAVA 787RR33 TLX: ***** FAX: 7881ORR FgWAWO R***** TLX: 3R673 FAX:319 words
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Advertisement366 1988-07-25 27 Consolidation Service rrr NEW CALEPONI SIN 28/7 NOUMEA 5/9 PAPEETE 29/8 MAURITIUS REUNION ISLAND SIN 28/7 29/7 PORT LOUIS 9/8 REUNION 11/8 FRANCE SIN 9/8 MARSEILLE 26/8 LE HAVRE 31/8 TRANSTAINERS delmas-vieueux WEST AFRICA SERVICE CASABLANCA/NOUAKCHOTT/DAKAR/BANJUL/ CONAKRY/COTONOU/LIBREVILLE/ P. NOIRE/MATADI Thru direct B/L to BAMAKO/NIAMEY/ OUAGADOUGOU/BANGUI/KINSHASA TTA Freight Pte Ltd Tel:366 words
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Advertisement418 1988-07-25 27 k 1 I 11 k i TIL: *****11 FAX: *****47 TELEX: RS ***** SKHST LCL/FCL SERVICE A VESSEL CTn^n^nsai Also dtLepVng cargo to KfftuNC. KAOHSIUNG CHINA via HONG KONG' P HUANG BdSAN JAPAN I MA! A VSi A BRIJNf I PO« T S tJBOPE USA CANADA AUSTRALIA tlil'KU LUCKY SEAWAY418 words
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Advertisement409 1988-07-25 27 •I'llllll.'U.iU.'ilT TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES' SP PHI HI BLW KAON GLORY SELATAN VIII VJI SW G/SELATAN V V-B SM IV7 G/SELATAN IXV-74 22/7 21/7 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM TAIWAN409 words
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Advertisement371 1988-07-25 27 PTC CONTAINER LINES FCL LCI SERVICE V'r 31/7 KEELUNG/KAOHSIUNG 30/7 BANGKOK 31/7 MANILA 31/7 JAKARTA 30/7 PORT KELANG/PENANG 27/7 BUSAN 4/8 TOKYO/YOKO/KOBE 1/8 HONG KONG ahoacce ipting cargo to Huangpu/Shenzhen/Fuznou/ Xiamen/ Xingang/Shanghai 28/7 RDM/HAM/ANT/LE HAVRE/GENOA 28/7 LDN/FLX/LVP/SOU 31/7 LA./NYC/SFO 31/7 VANCOUVER/TORONTO/MONTREAL 5/8 SYD/MELB/ADEL/FREM 30/7 AUCKLAND/WELLINGTON UJsJAILI 1/8 P. MORESBY/RABUAL/LAE 11371 words
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Page 28 Advertisements
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Advertisement397 1988-07-25 28 Hai Sun Hup Co (Pte) Ltd *f L 20 1906 (20 Lines ri XHS ***** KRS ***** fc. N i \m i k\ \k I i\ i k ill) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! Moji 20* •Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS,397 words
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Advertisement426 1988-07-25 28 CGMi FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST CO AST/GULF/CAN ADA/MEXICO AND FRENCH WEST INDIES Far Gulf: Mmii Wobile, Maiico Vara Cruz, Mai ice City. Halifax, Montreal, Toronto, Ns» Tart, Balitmra NrtHMM, Minah/ FRENCH W. Intfaa fort Da Franca, Potntre A. Pttra, Da^ad COLUMBUS LINE REEDEREI GMBH426 words
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Advertisement247 1988-07-25 28 Lfc-i- :3H WMkly LCL lomplnui lo AUSTRALIA *11 ports HZ aH parts HK inci* CMm BANGKOK incMf LMI EUROPE alt major ports USA Soft* PortM LA, SFO A major ports 4M| i* I WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK LONDON, MARSEILLES ■lIIIAMJ AiaaAAaOlA m Agent: NHMhtfU SMPPM6 (S)247 words
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Advertisement696 1988-07-25 28 Ml CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR •04-*****2/4, *****3 •07-241M8 -07-*****3, *****5, *****0, *****1 •02-*****22 242 MS WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUR J 1» 1 n. > -j—- i FROM EUROPE ysl r —i LOAOtNG FROM: OOTHENMIRt RREMERNAVEN. HAMBURG, ROTTEROAN OTHER696 words
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