The Business Times, 18 May 1989

Microfilm: NL16541
Total Pages: 33
1 33 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 THURSDAY, MAY 18, l»8f 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    241 1 Dow higher NEWS of an US$8.86 billion March trade deficit, far below estimates, lifted Wall Street stocks in early trading yesterday, but gains have begun to fade, especially in the blue chips. The Dow was up about a point at 2454 and gainers led declining issues moderately.
    241 words
  • Article, Illustration
    Regional stocks mixed with HK taking a beating
    236 1 REGIONAL MARKETS closed mixed yesterday with Hongkong stocks taking a beating amid growing fear of widespread political unrest in China. Mounting tensions in Beijing sent shares in the colony into their worst tumble in more than six weeks. The Hang Seng Index
    236 words
  • Article
    Aussie dollar hits 12-month low
    122 1 THE AUSTRALIAN DOLLAR suffered another bout of sustained selling by nervous offshore investors yesterday, driving the currency to shed more than one US cent in just two days. In Sydney, the Aussie dollar fell to a 12-month low of U550.7620 before closing slightly higher at
    122 words
  • Article
    Lock icon Call for cooperation among Japan and Asian NICs
    391 1 AFP Bernama COOPERATION among Japan and Asian newly-industrialising economies should replace the United States as the source of growth for the region, Japan's Ambassador to Malaysia said yesterday. Noboru Nakahira called for closer cooperation among AsiaPacific countries through strengthened bilateral and regional
    AFP; Bernama  -  391 words
  • Article
    Kamunting unveils financing package for KSM-MPHB deal
    617 1  -  BANK NEGARA CLEARS KAMUNTING OFFER By AMY BALAN KAMUNTING CORPORATION, armed with Bank Negara's blessings and a fully-funded plan for its partial bid for Multi-Purpose Holdings Bhd, looks all set to dash Hume Industries' takeover attempt. In a move that would substantially swell
    617 words
  • Article
    Lock icon Invest overseas, Malaysians urged
    358 1 Bernama THE TIME has come for domestic investors to look outwards as Malaysia moves towards becoming a foreign investor, according to economist Datuk Dr Kamal Salih. Dr Kamal, executive director of the Malaysian Institute of Economic Research, said in Kuala Lumpur yesterday that local investors were
    Bernama  -  358 words
  • Article
    Lock icon Australia to seek China's view on forum
    137 1 AFP AUSTRALIA will, later this week, seek China's views on Taiwan's participation in a proposed Asia-Pacific trade forum, a visiting Australian official said in Hongkong yesterday. Richard Woolcott, special envoy of Australian Prime Minister Bob Hawke, said that he would fly to Beijing
    AFP  -  137 words
  • Article
    New NTI computer institute to provide that cutting edge
    405 1  -  By WALTON MORAIS SINGAPORE'S drive for worldclass technological expertise will get a boost with the setting up of an institute to turn out specialists in the very latest in computer manufacturing. The specialists will aid local industries in computer-integrat-ed-manufacture (CIM) the
    405 words
  • Article
    Lock icon America's trade deficit plunges 10pc to US$8.9b
    478 1 Reuter THE US TRADE DEFICIT fell sharply in March, dropping 10 per cent to US$B.B6 billion from a revised US$9.B2 billion in February, the Commerce Department reported yesterday. The deficit was smaller than analysts had predicted and was good news for the financial
    Reuter  -  478 words
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
      263 1 Advertising and Marketing, Page 12 The Ogiivy takeover: What is the impact of the takeover of the Ogiivy Group by financial wizard Martin Sorrell of the London-based WPP Group on Singapore? Satay sauce and Burger King: A perfect combination? Battle between Visa and Amex has spilled into the advertising arena
      263 words
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      Page 1 Advertisements Column 3
      93 1 BALLY of Switzerland 4F, S G Parrell Son tPiei Ltd 8M PAGE 2 ass Lmtel PS K3> Bfc DINING ON TOP-OF-THE-WORLD Join us at the top. Enjoy the best Beijing cuisines specially prepared by our master chef. All yours to savour, amidst the grand panorama of the city and southern
      93 words
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  • HOME NEWS
    • Article
      Service to advise SMEs on computer technology set up
      423 2  -  By WALTON MORAIS AN ADVISORY SERVICE to help small- and medium-sized enterprises decide whether to use computer-aided design and manufacturing technology has been set up. Run jointly by local software house ATS and Gintic, the Grumman International-Nanyang Technological Institute CAO/CAM centre,
      423 words
    • Article
      Need for more positive attitude to religion, Feedback Unit told
      288 2 MORE THAN goodwill is necessary to maintain religious and racial harmony in Singapore, participants from major clan and cultural associations, and mainstream religious groups told the Feedback Unit last night. The need for a more positive attitude beyond tolerance and
      288 words
    • Article, Illustration
      Birth of quadruplets makes local history
      300 2 THEY SEEMED just like the dozens of other babies at the Thompson Medical Centre. But the quadruplets born on Mother's Day have made local history for they are the first quadruplets to be born alive and well through the in-vitro fertilisation (IVF) process. At
      300 words
    • Article
      Hepatitis-B jabs to cost less at govt clinics from June 1
      216 2 HEPATITIS-B jabs at government clinics will cost less from June 1. Newborn babies and children, and youths under 18 will now pay $25 for each vaccination course, down from $30 and $45 respectively. The biggest cut goes to adults
      216 words
    • Article
      ISEAS sets up study group on Japan
      133 2 THE Institute of South East Asian Studies (ISEAS) has set up a Japan Study Group to foster better understanding of Japan. Announcing this yesterday, ISEAS director Professor K S Sandhu said the growing importance of Japan to Singapore, South-east Asia and the world
      133 words
    • Article, Illustration
      Mendaki II plans to have cooperative as business arm
      379 2  -  By SHOEB KAGDA MENDAKI 11, the institution likely to take over from the present Mendaki, will not only be able to engage in business but will also be able to accept deposits and offer loans to businesses. The institution, proposed as
      379 words
    • Article
      Clarke Quay conservation project attracts keen interest
      297 2  -  By LILIAN ANG WITH ONLY TWO MONTHS to go before the closing date for the Clarke Quay conservation project tender, nearly 120 developer's packets have been sold. Most of these packets, which are produced by the Urban Redevelopment Authority (URA) to guide potential
      297 words
    • Article, Illustration
      Orchard Road shophouses get new lease of life
      432 2 NINE OLD and vacant shophouses standing between Macdonald House and SMA House, near the junction of Orchard Road and Dhoby Ghaut, will soon be given a new lease of life. The Urban Redevelopment Authority (URA) has leased the shophouses, divided into three
      432 words
    • Article
      MEMO PAD
      602 3 Seminars and c j ti" CAHNERS EXPOSITION GROUP Courses Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 May 23 Secrets of Successful Boulevard Hotel Dominion *****25 Selling Conferences Publications Pte ltd May 22-26 The Allen Managers' SIM Management Hse Singapore Institute *****66 Seminar of Management May 22-26 International
      602 words
    • Article
      Democratic management of companies needed, says BG Yeo
      202 3 A DEMOCRATIC management increases a company's ability to compete and one example of this management style would be a commitment to Work Improvement Teams (WITS). Brigadier-General (Res) George Yeo, Minister of State for Finance, emphasised the need for democratic management during the
      202 words
    • Article
      Singapore companies to promote products in Taiwan
      180 3 TWO GROUPS of Singapore companies will be in Taiwan next week to promote their building materials and construction capabilities through a trade fair and mission. Seventeen companies will take part in the Taipei International Construction Show '89 from May 25 to 29, and
      180 words
    • Article, Illustration
      Telecom sets up Comcity
      237 3 SINGAPORE TELECOM has set up Comcity a demonstration centre which houses the latest in state-of-the-art telecommunications equipment. The centre, set up at a cost of $2 million, was officially opened yesterday by Dr Yeo Ning Hong, Minister for Communications and Information and Second Minister for Defence
      237 words
    • Article, Illustration
      Local firm unveils new electronic ballast
      449 3  -  Product said to be lightest and cheapest By GENEVIEVE CUA A SINGAPORE COMPANY has developed an electronic ballast a rectangular block that does away with starters and fixtures in fluorescent tubes which it claims is one of the lightest and cheapest in the world.
      449 words
    • Article
      NPB to study distaste for self-service
      375 3  -  By TAN KEE WEE SINGAPOREANS and self-service do not always go together. They quite readily serve themselves when it comes to withdrawing money from Automatic Teller Machines and helping themselves at buffet meals. But many turn up their noses at having to fill their
      375 words
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      Page 2 Advertisements Column 1
      183 2 J I 4% It I v. v. ■<.*sSy, -H WKmPH6IH K^al w. J<ak. iff or ~0~ \<\ .Je >r- >? »fif A "»M» Tke changing face of trie skipping in Jus try. One of the greatest limitations facing rhe shipping industry is fear Fear of had debts, slow payments and
      183 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      65 3 >• w Rue Hand-knotted Carpets I f: Sunday, May 21, 1989 Grand Ballroom Hilton International Singapore Ml i: I n 120 Tribal And Fine Oriental Carpets Rugs Viewing: 10am Ipm Auction Sale: 1.30pm spm All lots are guaranteed and backed by a full trade in value at our showroom Auctioneers
      65 words
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      Page 3 Advertisements Column 2
      213 3 EUROPE 1 992. THREAT oK OPPORTUNITY A half-day seminar to help prepare the Singapore electronics industry for the single European market in 1992 Jointly organised by Northern Ireland buid Three experts on Europe will be in Singapore to help you understand the implications of EC '92 Electronics in Europe to
      213 words
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  • ASIA – PACIFIC
    • Article
      Lock icon IMF warns Jakarta of need to cope with massive debts
      318 4 Reuter THE INTERNATIONAL Monetary Fund (IMF) has praised Indonesia for its economic performance but warned that changes are needed to counter the weight of its enormous debt burden. "In contrast to the experience of a number of other oil-export-ing countries
      Reuter  -  318 words
    • Article
      Lock icon S Korean overseas investment up 78pc
      176 4 AP SOUTH KOREAN businesses invested US$ll4 million overseas in 72 equity projects between January and April, up 78.1 per cent in value from a year ago, the Finance Ministry reported yesterday. Officials said that South Korean investment abroad since 1968 aggregated U551,523 billion in
      AP  -  176 words
    • Article
      Lock icon Funds sought for Chinese press
      223 4 AFP TAIWAN is seeking funds from ethnic Chinese abroad to finance the private press in China, a government-linked group behind the campaign said. A delegation, led by the Grand Alliance of the Reunification of China under the Three Principles of People, is touring Japan and
      AFP  -  223 words
    • Article, Illustration
      Lock icon Former Nakasone aide called in for questioning
      487 4 AP A TOP AIDE to former Japanese prime minister Yasuhiro Nakasone was summoned for questioning yesterday on suspicion of accepting bribes in a deepening influence-peddling scandal which has rocked the Japanese government. Takao Fujinami, 56, former chief Cabinet secretary and a current member
      AP  -  487 words
    • Article
      Lock icon Rise in Tokyo land prices slows down
      222 4 AP THE RISE of land prices slowed in Tokyo but increased sharply in other major cities across Japan in 1968, the government reported. In the Tokyo metropolitan area, land prices in residential areas inched up 0.4 per cent last year, while land in
      AP  -  222 words
    • Article
      Lock icon US told to pull out from S Korea
      108 4 AFP IRANIAN PRESIDENT Ali Khamenei, calling for closer Iran-North Korean ties at a mass rally in Pyongyang, has demanded that US forces be withdrawn from the Korean Peninsula, it was reported yesterday. "We believe that foreign armed forces, particularly the military bases
      AFP  -  108 words
    • Article
      Lock icon Viet enterprises lay off hundreds of thousands of workers
      301 4 AFP HUNDREDS of thousands of workers have been laid off by Vietnam's state-run enterprises in financial difficulty, causing an unemployment crisis never before seen in Vietnam, the trade unions' weekly said. "Since March, hundreds of thousands of workers have been completely
      AFP  -  301 words
    • Article, Illustration
      Lock icon Israel posts 1.5pc economic growth
      379 4 UPI ISRAEL'S economy grew by 1.5 per cent in 1988 a sharp drop from the previous year's 5 per cent growth rate largely because of the Palestinian uprising, an annual government report said on Tuesday. The first four months of 1989 showed no growth in
      UPI  -  379 words
    • Article
      Lock icon Israel stages massive clampdown
      249 4 Reuter ISRAEL'S military authorities are staging a clampdown against Palestinian unrest, with mass arrests and widespread curfews, just two days after the cabinet approved an election plan for the occupied territories. Troops in the West Bank and Gaza Strip shot dead two Palestinians and wounded at
      Reuter  -  249 words
    • Article
      Lock icon Japan's prices stable despite new tax
      148 4 Reuter BOTH wholesale and consumer prices remain stable in Japan, although some impact from the consumption tax introduced on April 1 has been detected, a report by the Finance Ministry's regional managers said. Japan's economy is growing steadily, supported by firm consumer spending and
      Reuter  -  148 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      911 4 ARRIVALS Operator S•rvfc* number Local timo From AU SU KAL TMA SU IAC SU SU SU MAS MAS ACA SU ox MAS GU GU SU MA OFA SU GU PAL THA TtY SU GU SU THA •AW SU SU MAS SU SU SU SU THA GU SU
      911 words
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      143 4 Doonesbury BY GARRY TRUDEAU Singapore OUTLOOK: Showers In ttia lata morning and lata afternoon. R«port for 24 hours prior to 7.30pm on May 17 at Ihe alrporti Max lamp. 30.S Aaaoc humidity 74 Mln lamp. 28.2 Aaaoc humidity M Hra of aunaMna 1.05 Rainfall In mm 3 Rainfall thla mth...
      143 words
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  • REST OF THE WORLD
    • Article
      Lock icon Senate endorses FSX deal with conditions
      410 5 UPI THE US SENATE endorsed on Tuesday the controversial FSX deal with Japan, a victory for President Bush, but told the administration it wants a negotiated guarantee on the United States' share of the jet fighter's production. The Senate, after approving the joint US-Japanese
      UPI  -  410 words
    • Article
      Lock icon America invited to join EC in HDTV research
      181 5 Reuter A SENIOR West German official asked the United States on Tuesday to join the European Community (EC) in research and development to overcome Japan's lead in high definition television (HDTV) technology. Post and Telecommunications Minister Christian Schwarz-Schil-ling made the bid in
      Reuter  -  181 words
    • Article
      Lock icon US losing edge in defence technology, says report
      351 5 Reuter AMERICA'S lead in defencerelated technology is diminishing partly because of complex government regulations, the US Congress was told on Tuesday. The message: hightechnology firms prefer to do commercial work rather than cope with bureaucratic red tape. A report by the congressional
      Reuter  -  351 words
    • Article
      Lock icon Latest CPI not expected to affect Fed policy
      395 5 Reuter ANALYSTS believe the US consumer price index (CPI) rose 0.6 per cent in April, and most do not expect the data, due today, to have any impact on Federal Reserve credit policy or on bond prices. "The PPI (Producer Price Index)
      Reuter  -  395 words
    • Article
      Lock icon USSR and US remain biggest arms exporters
      451 5 Total world sales reached USs34b last year AFP THE Soviet Union and the United States maintained their positions in 1968 as the world's biggest arms sellers, the Stockholm International Peace Research Institute (Sipri) said yesterday. Moscow sold U5512,766 billion worth of weapons (in
      AFP  -  451 words
    • Article
      Lock icon 'Global balance of power changing'
      185 5 Reuter THE SPREAD of advanced strategic missiles to smaller nations, including some which may be able to make nuclear warheads, is changing the balance of world power, weapons experts said. The first edition of Jane's Strategic Weapon Systems said at least 16 countries outside the
      Reuter  -  185 words
    • Article
      Lock icon More than 80pc of South Africans against sanctions
      101 5 Reuter MORE THAN 80 per cent of South Africans oppose Western anti-apartheid sanctions, according to an opinion poll. The Gallup poll, commissioned by South Africa's Chamber of Mines and reported on state-run television on Tuesday, said 82 per cent of respondents, of
      Reuter  -  101 words
    • Article
      Lock icon Military coup attempt in Ethiopia fails
      360 5 Reuter THE Ethiopian government says it foiled a military coup against the Marxist regime of President Mengistu Haile Mariam on the day he arrived in East Germany for a four-day visit. The government gave no details of the fate of the soldiers who surrounded
      Reuter  -  360 words
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      Page 5 Advertisements Column 1
      52 5 Ticfer. Enjoyed in the USA and in over 45 countries. i* j i.v >7 Jfc w >aw A t I Starr e vi s s _*3 n r? MS I t i UP 7-, j- r j <*^0» 4? Nidi X (> <> oI) AS C. I. I) AROUND Till;
      52 words
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  • MONEY AND EXCHANGES
    • Article
      Government Securities Market
      115 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BIO OFFER HIGH LOW 3 months KQ*****T 17.08.89 3.81 3.76 3.78 3.65 6 months BS*****N 17.08.89 3.81 3.76 3.68 3.68 1 year BY*****H 23.11.89 3.53 3.48 3.55 3JO Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
      115 words
    • Article
      Forex markets
      1453 6 SINGAPORE: The dollar closed higher in hectic trading yesterday with investors squaring their short positions ahead of today's Bundesbank meeting and yesterday's 1230 GMT release of US trade data for March, dealers said. "If today's release of US trade data results is worse than expected, the dollar's bullish
      1,453 words
    • Article
      Money markets
      62 6 THE OVERNIGHT RATE on the Singapore money market closed unchanged at 5 3/8 per cent yesterday. One-month rate rose by 1/16 while the two- and three-month rates were unchanged. SS Interbank rates at the dose yesterdays OWW MO Oxr"tgN 11/1 l 1/4 1-mart* as/1* 5 3/14 2-mNfc J
      62 words
    • Article
      Lock icon Eight more bank ventures in Indonesia
      93 6 Bernama AT LEAST EIGHT Indone-sian-Japanese joint venture banks will start operations in Jakarta before the end of this year, finance miniatry and banking sources said yesterday. Kenji Mizutani. visiting managing director of the Tokai Bank Ltd which is baaed in Tokyo, said his bank
      Bernama  -  93 words
    • Article
      Lock icon Asian dollar market
      284 6 Reuter ASIAN dollar deposit rates ended at their opening levels in quiet trade yesterday. Dealers said most operators refrained from taking fresh positions ahead of yesterday s release at 1230 GMT of US March trade data. Term rates were steady to slightly higher at the outset and
      Reuter  -  284 words
    • Article
      Lock icon Simex
      467 6 Reuter EURODOLLAR futures closed slightly higher on short-cov-ering end position adjustments ahead of the 1230 GMT release of US March trade data. The market will also be watching today's April consumer price index, dealers said. June Eurodollar rose to 90.44 from Chicago's 90.42 and September to 90.72 against 90.67
      Reuter  -  467 words
    • Article
      IMM
      250 6 IMM CURRENCY contracts closed slightly hlQher on Tuesday and In the upper half of daily ranges when late shortcovering ahead of US trade figures trimmed losses. The March merchandise trade balance is expected to show a deficit of about US$lO.2 billion, although analysts said a shortfall near market expectations
      250 words
    • Article
      Comex gold/silver futures
      180 6 Gold futures on May 16, 1989 100 troy ounces USS par troy ounca Opt* Ht*l Low Sotlo HMar 375.50 0 10 Jh 377.00 377 40 375.50 376.30 4X30 M MM 0 30 3*0 30 3*0.90 ***** 379*0 4X30 Oct 384 50 385 00 ***** 3*3.90 4X10 Ok
      180 words
    • Article, Illustration
      World interest rates
      187 6 Indicate* tho average of tha prima landing rata* of 12 ma|or bonln In B'pora Interbank market rates (offer/bid) on May 17 us$ DM SWFC 7 doyi 9 1/4 9 i/t ia j/» ia 1/4 *1/1-1/1 7 S/i 7 i/a 4 3/1-4 l/a 1 m*s 9 lt/l« 9/14
      187 words
    • Article
      Options
      1289 6 CURRENCY FUTURES OPTIONS W*dn*sday, May 17. 1989 DEUTSCHE MARK (SIMEX) Jun 66 caMa Ma* Law 1 Saa A Mffi M 86 patt Law Sad SI S3 53 54 55 M 3 CA6 CAB 32 SI 156 247 Sap M caitt Mali Lav Saa Sap SS pula HM 1 mm
      1,289 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      31 6 wassiu $299 Chrome steel In genuine black leather seat dbeqno coWezwe Pte Ltel World Trade Centre *02-11/15 Singapore 0409 Tel: 271 6611 Fax: 271 7711 Business Hour: 12 noon 8 pm
      31 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Fed expected to wait for more inflation signs
      490 7 AP UNITED STATES Federal Reserve policy makers are likely to adopt a wait-and-see attitude towards further interest rate hikes as they scrutinise the economy for signs that inflation has abated, economists say. Signs of slower economic growth abounded as members of the
      AP  -  490 words
    • Article
      Lock icon Japanese advisory panel report calls for securities-banking reforms
      406 7 Reuter A LEADING advisory council to the Japanese Finance Ministry has unveiled an interim report that endorses proposals to allow banks and securities houses to enter new businesses through their subsidiaries. It said on Tuesday that this process could be accomplished through
      Reuter  -  406 words
    • Article
      Simex to start second floor trading course
      177 7 GCE 'A' LEVEL holders keen to seek employment in the futures industry can make a start by signing up with the "Floor Apprenticeship" programme. The programme, the second organised by the Singapore International Monetary Exchange (Simex), consists of a five-day full-time course (theory)
      177 words
    • Article
      Rabobank to tap regional market
      145 7  -  by HONG LEE TIAM THE DUTCHMEN are flying into town to tap the capital market in this region. Rather than wait for investors to seek out the relatively unknown guilder, Rabobank organised a seminar for 90 investment and fund managers, merchant bankers and businessmen yesterday
      145 words
    • Article, Illustration
      Lock icon 'Use World Bank, IMF funds to back loans'
      498 7 Reuter LEADING international banks, persisting with an idea that the US Treasury has already rejected, urged the Group of Seven (G-7) industrial nations to use International Monetary Fund (IMF) and World Bank resources to back new loans to troubled debtor nations, f
      Reuter  -  498 words
    • Article
      Lock icon World Bank, IMF lay groundwork to resume lending to Vietnam
      335 7 UPI A SENIOR DELEGATION from the World Bank and the International Monetary Fund has met Vietnamese Prime Minister Do Muoi in an indication that the agencies are preparing to resume lending to Vietnam's stagnant economy, the official Vietnam News Agency
      UPI  -  335 words
    • Article
      Conference on how to improve trading profits
      146 7  -  By DEXTER LEE A TWO-DAY CONFERENCE to help organisation* improve trading profits through treasury operations will start here next Tuesday. Organised by the Institute for International Research (IRR), the conference on treasury and trading room technology win be held at the Dynasty Hotel.
      146 words
    • Article
      Lock icon British American Life reports M$8.28m loss
      167 7 Bernama BRITISH AMERICAN UFE General Insurance Bhd slips into the red with a group pre-tax ioes of M 58.28 million for calendar 196 ft from a pre-tax profit of M 54.77 million previously. It said in a statement in Kuala Lumpur on Tuesday that
      Bernama  -  167 words
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      Page 7 Advertisements Column 1
      72 7 r mmm mrnmm .v*i <\r. << -*~V a -v 1 t a i lift ■X''* ■*> A J..* 9 4 u 4 5 V 1 9$ (fjnly one in 1,000 sturgeon yields golden while Champagne ducJtyesntl'Bl is so rare, ewh bottle is numbered. _}Joth are sewed exclusively aboard ingapore A
      72 words
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  • COMMODITIES
    • Article
      Lock icon Cooperation with Opec vital for stable prices, says group
      371 8 Reuter TEN OIL NATIONS from outside the Organisation of Petroleum Exporting Countries (Opec) have decided that cooperation with the cartel is vital for stable world prices but they took no decision on the Key issue of whether to extend current export
      Reuter  -  371 words
    • Article
      Lock icon Oapec members' oil revenues continue slide
      203 8 AP OIL REVENUES of the 11 main Arab oil-producing countries continued the downward trend of recent years and were estimated at a total of US$6O billion last year. An annual report issued on Tuesday by the 11-mem-ber Organisation of Arab Petroleum Exporting Countries (Oapec)
      AP  -  203 words
    • Article
      Lock icon Palm Oil
      498 8 Reuter MALAYSIAN crude palm oil: Late light speculative buying interest helped the crude palm oil market to close off lows in quiet trading yesterday, brokers said. They said the slackened activity was due to operators' caution ahead of India's enquiry for RBO olein. Traders were also awaiting the
      Reuter  -  498 words
    • Article
      Lock icon Free steel bar market, KL urged
      132 8 Bernama THE MASTER Builders Association of Malaysia (MBAM) has said that the manufacture of steel bars should be opened to competition to resolve the problem of shortage of and the high prices for the material in the country. Its executive director Mr Kong Yee
      Bernama  -  132 words
    • Article
      Lock icon KL Tin
      175 8 Bernama IN BRISK trading, the Kuala Lumpur Tin Market closed steady at M 527.30 a kg with buyers and sellers agreeing at the overnight level on the first call, brokers said. Despite the increased turnover of 55 tonnes against 35 on Tuesday, operators remained cautious amid the ringgit's
      Bernama  -  175 words
    • Article
      Lock icon Crude Oil and Products
      156 8 Telerate FUEL OIL was steady-to-firmer in the Singapore market. More buying interest was seen in the market for Ist and 2nd half Jun CST-180. Buyers were notionally at $94-95 mt fob/cif Singapore. Sellers were sidelined in anticipation of firmer prices. The Taiwan's tender for MSFO was
      Telerate  -  156 words
    • Article
      Produce Prices
      190 8 Chinese Produce Exchange So*or»' noon dodng prtcoi on Moy 17 (SS/100 kg) Coconut oil k* FOt 106.00 Otd drum FOt 116.00 Now drum FOt 1 30.00 Copra MI*od (loot*) 62.00 Pepper *F0«N(LW* 595.OO Sarawak wMto FOt foq NtW 585.00 Coconut oil (Mi/iookg) N** drum. 155.00 3nd hand drum
      190 words
    • Article
      Lock icon Soybean
      234 8 Reuter CHICAGO Board of Trade soybean futures on Tuesday extended Monday's big losses after locals pressed through sell stops, and prices ended from 15-3/4 to 20-3/4 cents lower, traders said. July fell 18-1/2 cents to US$7.l5 per bushel. Local selling pushed July CBT soybeans through support areas at US$7.3O
      Reuter  -  234 words
    • Article
      Lock icon Wheat
      234 8 Reuter CHICAGO Board of Trade wheat closed 8-1/2 to 7-1/2 cents per bushel lower, weakened by fund selling on chart and weather factors and lack of demand, traders said. "There's really no bullish news, no demand in the foreseeable future," a trader said. It was "a blowout of people
      Reuter  -  234 words
    • Article
      Rubber
      291 8 SINGAPORE: RUBBER prices closed easier yesterday with June 1 RSS quoted at 188.75 cents a kg, down 1.75 cents from Tuesday's close. Brokers said the bearish sentiment was affected by a weaker yen. On the TSR-20 Award market, prices closed lower on light liquidation of nearby positions. Trading was
      291 words
    • Article
      RAS and MRELB
      276 8 RAS prices in s cmmo, fob In bai« B NOON CLOSC 6uy*rs S*il*rs Buyers S*N*rs lot 1 RSS Prompt 191.50 192.50N 190.75 191.75N lot 1 RSS Jun* 89 189.50 190.00 188.75 189.75N lot 1 RSS My 189.00 189.50 188.25 189.25N lot 2 RSS OP 185.00 187.00N 184.25
      276 words
    • Article
      SSR and SMR
      79 8 Icwm/kg) JUNE 1989 JUIY 1989 (curronf month) (forwo* d month) RAS NOON NOON •wyan S«JI*n lvy«n SSR 30 162 JO 164 JON 162.50 164.50N SS* 30 160.50 162 JON 160.50 162 JON MRELB luyart Rattan lwy«n SMI CV 263.00 26S.00N 265.00 267.00N SM« L 263.00 267.00N 267.00
      79 words
    • Article
      Precious Metals
      386 8 HONGKONG: Gold closed easier in quiet, thin trade with dealers noting some early selling by Australians and profit-tak-ing by local investors. Investors were reluctant to commit themselves before the release of the US March trade figure due at 1230 GMT. Bullion ended at U*****.70/374.20 an ounce against an
      386 words
    • Article
      London markets
      271 8 London Commodity Exchange Buyer/Seller dosing prices on May 16 (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Bosh in-sto. London, sellers option OF London May 1450/1460 (1380/1389) High/Low 1490/1380 July 1182/1185 (1177/1179) High/Low 1197/1170 Sates (5025) Cocoa May 685/686 (708/710) High/Low 710/684 My 703/704 (725/726) High/Low 728/702
      271 words
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      Page 8 Advertisements Column 1
      506 8 THE INTERNATIONAL HERALD i TRIBUNE AND THE OIL DAILY ARE PLEASED TO ANNOUNCE A A MAJOR NEW CONFERENCE OTL&/%\lONE\ ASIA and UFHie RV2FIC SM^X)RF4IJNEI4^I9B9 THE PROGRAM JUNE 14 ASIA/PACIFIC: POLITICAL PERSPECTIVES Or. Mohamad Nordn Soplee, Director General, Institute 0# Strategic International Studies, Malaysia. ASIA/PACIFIC: FINANCIAL PERSPECTIVES Alfred F. Grove, Senior
      506 words
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  • FOCUS
    • Article, Illustration
      Lock icon Gorbachev keeps his distance
      832 9 Gorbachev i in China NYT AS SEVERAL HUNDRED thousand disgruntled citizens turned the centre of Beijing into nearpandemonium on Tuesday night, Soviet leader Mikhail S Gorbachev sharply distanced himself from the unrest that has disrupted his meeting with Chinese leaders. Mr Gorbachev, after a late Monday
      NYT  -  832 words
    • Article
      Lock icon As Soviets grow freer, Chinese grow richer
      979 9 NYT IF MIKHAIL S GORBACHEV were to stray from his diplomatically constrained itinerary for a visit to the unofficial festival of democracy under way on Tiananmen Square, he would surely be flattered by the banners in Chinese and Russian hailing him as a
      NYT  -  979 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      150 9 NEW YORK 8.00SYDNEY A I 11.00TOKYO nMui-aar,!— i. i 1000 HONGKONG 9 00 i Hooking up to the International Toll-Free Telephone Service is a small investment that yields your company considerable benefits. It prompts your overseas customers and agents to call you direct; free-of-charge on an assigned number; to enquire,
      150 words
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  • PERSPECTIVE
    • Article
      Have cars will not travel
      528 10 SOME CHOKE, some cuss, some castigate, others turn ugly from a Dr Jeckyll into a Mr Hyde. Such are the powers of traffic jams to bring out the worst in man. And when there are cars, cars everywhere, with not a square metre of macadam
      528 words
    • Article, Illustration
      Lock icon Sarasin clan makes its mark in Thailand
      664 10 Reuter PROSPERING OVER decades of political and economic turbulence, the Sarasins have firmly established themselves as one of Thailand's most respected and influential families. Members of the family hold key positions across the spectrum of Thai politics and business. Newspapers call them the
      Reuter  -  664 words
    • Article, Illustration
      Lock icon Few takers on Tokyo's new exchange
      862 10  -  Tokyo's international financial futures exchange is due to open next month. But many foreign banks and securities companies are getting cold feet. STEFAN WAGSTYL reports on why Tokyo is not getting the response it expects from one of its major attempts at internationalising its
      FT  -  862 words
    • Article, Illustration
      Lock icon Hoping for US invasion to drive out Noriega
      645 11 NYT .ONE OF THE happiest days in Martha D's life came last year when Washington began seeking the overthrow of General Manuel Antonio Noriega, one of the un■happi*st, the day she realised 1 the US would not invade. felt exactly the same
      NYT  -  645 words
    • Article, Illustration
      Lock icon An ambiguous position
      851 11 Free trade is still a US goal, in spite of protectionist noises, writes PETER RIDDELL FT MR ROBERT MOSBACHER. the US Commerce Secretary, talks of an "industry-led, businessgovernment partnership". Mrs Carla Hills, the US Trade Representative, says she will use a "crowbar" to open markets with unilateral
      FT  -  851 words
    • Article
      Lock icon Bush's changing approach to environment
      1040 11 ECONOMISTS SWAY LEGISLATION ON ACID RAIN NYT FOR TWO DECADES, economists have tried and failed to make their mark on America's efforts to clean up the environment. Now, for the first time, their arguments are finding a receptive audience at the White House, where President
      NYT  -  1,040 words
    • Article
      Lock icon Japan and US: partners in aid
      628 11 NYT OSAMU SHIOZAKI, coordinator of Japan's US$2.l billion annual economic aid programme to Indonesia. has been making regular working visits to the US embassy in Jakarta. And officials supervising a US programme that is channelling development aid worth about US$9O million this year to
      NYT  -  628 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      231 10 K ..-m' 4sb£M&\ .<#■ L M ..-.Si n* mM m '-v f-; s-Ssf sraft^NllKME f «fc-~ s® wm. *&> L liiiiaititmuxti "fs—' ■M V>v-fe-^:^ t= ill til iili^i i£l<s ill 3£-\S THE MACHINERY OF WEALTH can be operated by those with the insight to handle this powerful foreign currency investment
      231 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      76 11 SINGAPORE Women who have arrived A tocw a! trorryn who 1 in a man i >¥orU3 an ood* j 3<9*kl*r»\n#% lb <-* i «».<*» <• h Hr* At 4«1 Cot W"np» 9 forwHur* T»\*r»ye +,-**> Th» Gf Birr Mfh* >- Women who hove arrived against all odds Less soil, less
      76 words
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      Page 11 Advertisements Column 2
      153 11 Wined And Pined At A Lodge En The Park. A meal al Huhertiu* Grill in Century Park. Sheraton is very much like (ktiunj al iui ok) Aiwtrian hiuiting lodge. An impression that will he confirmed cut you settle down to enjoy an exifuutle meal accompanied by vine* that match the
      153 words
  • Page 11 Miscellaneous
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Takeover won't affect business: Ogilvy, JWT
      625 12  -  Competitors brought together into one family By GENEVIEVE CUA IT'S BUSINESS as usual, say heads of two advertising agencies in Singapore which have been brought into a seemingly uncertain alliance following the takeover of the Ogilvy Group by financial wizard Martin Sorrell of the
      625 words
    • Article, Illustration
      Business magazine launched worldwide
      271 12 A MONTHLY business magazine that concentrates on the AsiaPacific region and its interplay with major economic centres is being launched internationally this month. The launch of Billion, Business in the Pacific Century kicks off with the distribution of a brochure produced by Ogilvy and Mather Direct
      271 words
    • Article
      Lintas wrests Chest account from two others
      265 12 AO AGENCY Lintas Singapore has clinched the Community Chest of Singapore account in a competitive pitch involving two other agencies. The Chest advertising campaign seeks to raise $12.1 million for 73,310 beneficiaries in 33 charities. About $3 million have already been raised to
      265 words
    • Article
      DNC clinches courtesy campaign account
      128 12 LOCAL ad agency DNC has been appointed to handle this year's National Courtesy Campaign's mass communications programme. DNC was selected after a competitive pitch involving seven other ad agencies. A spokesman from the Ministry of Communications and Information said that the concept presented by DNC
      128 words
    • Article
      Insecticide firm to invest $200,000 in debugging
      247 12 THE MANUFACTURER of insecticide Wipeout is investing $200,000 to debug a cinema in the city, a Singapore bus company and the food stores at Funan Centre within the next three months. This is part of Shulton Far East's $800,000 aim of securing a
      247 words
    • Article, Illustration
      Burger King plans to export satay sauce
      451 12  -  By SHOEB KAGDA SATAY SAUCE, it seems, goes very well with Chicken Tenders. Burger King, the fast food outlet that has just introduced the combination in Singapore, is already planning to export the sauce to other Asian countries. First introduced in February this
      451 words
    • Article, Illustration
      Visa complains to Asas about Amex's commercial
      392 12  -  By DEXTER LEE THE BATTLE between Visa International and American Express for the consumer dollar has spilled into the advertising arena again. Mr Peter Harkess, Visa's general manager for South-east Asia, told BT that American Express is making a false claim in one
      392 words
    • Article, Illustration
      Auto Europa to spend $250,000 on promoting latest model
      291 12  -  By SANGEETA MULCHAND UNDETERRED by government measures to curb the car population, car agents Auto Europa are investing $250,000 to promote Lancia's latest model, the Lancia Thema. a high-powered car for executives. In fact, marketing director of Auto Europa, David Koh,
      291 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      25 12 -fw-rttp+yo' mAS-zA^-rnt^^' <m c~&ufufa+\^-i e -tr.& fafityi£' CYvrkfc 6& c^c^C.^ Leo Burnett Pte. Ltd. 11 Beach Road, Singapore 0718. Tel: 336 2155. Fax: 336 8861.
      25 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      128 13 &<B> u -i. m&t! i\ I KM vfflßJ > iWI ■•7 fcl&SfcK>>£s&&,. ■n ■--jg-"-, ,j£Mi He loves trigonometry, water polo and Pierre Cardin. gP'%i R-> jf&SgC BsratS l >- ~njuu 's.- id <i -1 £*i 1 v.,~ V vwr K-- J* s «'ft as yXylvM* r» <* ,i 1 1
      128 words
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  • LEISURE
    • Article, Illustration
      Lock icon Sun, stars and Streep at Cannes
      690 14  -  CINEMA By THOMAS QUINN CURTISS IHT A STRONG SUN, tempered by sea breezes, shines on Cannes' 42d film festival as crowds gather before the luxury hotels, blocking traffic to gape at the stars. Each day brings a new batch of film stars. Among those
      IHT  -  690 words
    • SHORT TAKES
      • Article
        Lock icon New record set for Chinese porcelain
        285 15 Agencies AN AMERICAN collector paid a record HK$22 million at an auction in Hongkong on Tuesday for a 13th-century Chinese porcelain with a mysterious past. "That's a new world record for Chinese ceramics," auctioneer Julian Thompson said after the sale. According to the Guinness'
        Agencies  -  285 words
    • Article, Illustration
      Lock icon Dior poised for global expansion
      683 15  -  FASHION By SUZY MENKES IHT THE HAND-STITCHED kid gloves came off at Dior last week and the fight for the lucrative luxury market came into the open in Paris. The abrupt departure of the longserving Marc Bohan and the appointment of Italian designer Qianfranco Ferre
      IHT  -  683 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      287 14 COURVOISIERXO-WiiICIRIE T€ lENTIECTAIN ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPET ISER BUFFET ANCTTHKR IS THE CHOICE MAIN (XX'RSKS. PALM For between $26+ and $40+ you can select from our appetiser CjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And
      287 words
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      Page 14 Advertisements Column 2
      199 14 AT MING PALACE 7pm 10.30pm Select from: Fresh Big Sea Water Prawns Garoupa Meat Fish Balls Beef Chicken Cuttlfish Crab Liver variety of vegetables variety of noodles SSl5+ per adult SSlO+ jl per child EJ under 12 Bu A mm> cookt mcpei. 1 Tanglin Road Singapore 1024 Tel: *****33 <*
      199 words
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      Page 14 Advertisements Column 3
      234 14 FASHIONABLY HYATT Join the fashion-conscious every Thursday and Friday (3 6pm) in The Lounge. Watch our models parade the latest collections while you enjoy our tea spread consisting of fine tea blends, scones and cream, fresh pastries, cakes and fruits and imaginative sandwiches. Tea plus, show at 11.50* per person.
      234 words
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      Page 14 Advertisements Column 4
      181 14 Hong Kong Buffet 16-31 May Tuck into these dishes from the Fragrant Harbour roast duck, barbecued meats, claypot specialities. Desserts include gingko nuts in barley soup and red bean paste. Lunch and Dinner. Adults: 14.50 Children: $9+ Plaza Hotel Beach Road Singapore 0719 lei *****11 i a m i m
      181 words
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      Page 14 Advertisements Column 5
      262 14 Dome Chance... a French Affaire at The Belvedere. BSEB3BBSESEM3tMSS3k wttnr*'. T /*3S'.' W T No less than 60 tempting French dishes! Appetisers are rich with oysters, stuffed trout, terrines of duckling and Charcuterie Lyonnaise. From the hot pots, try Cassoulet Toulouse. Dessert treats include Cold Lemon Souffle, Tarte Tatin and
      262 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      209 15 <• <• Vy I z. Every second's on-the-house! The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for every drink you Ofdef you get your next FREE. And bottle purchases are at 25% Isss There's no happier time to enjoy your favourite drinks and
      209 words
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      Page 15 Advertisements Column 2
      62 15 cD w A v N fp r*l B U Welcome delegates to drink in the sights at the Asia-Pacific Duty-Free Exhibition Conference. Cheers! COURVOISIER o BALLANTINFS O CALVET O CANADIAN CLUB O COCKBURN'S O HARVEYS O KAHLUA O LANSON O POMMERY O TIA MARIA »Ia 0 1 460 Alexandra Road
      62 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      687 15 CRYPTIC PUZZLE ACROSS 4 Stiffening for new charts (6) 7 Listened to. as an open-air speaker (5. 3) 8 Behind Jack's back (6) 10 Golfing associations? (5) 13 Pay about a pound for entertainment (4) 14 Famous runner, once murderer (4) 15 Burns, perhaps (4) 16 Deceive an officer with
      687 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      1170 15 TV and RADIO Ardent fan-atic The Fen OUR CHOICE THE FAN, 11.00pm, Ch 5 A famous actress is idolised by a psycho fan and becomes his target when he feels she is spurning him. One secretary is bumped off along the way and the infatuation turns into hate. Lauren Bacall
      1,170 words
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  • SPORTS
    • Article
      Oldies going strong
      377 16  -  TENNIS By A SURENDREN IT IS NOT just the Wilanders and Lendls who will be trying to wrest tennis titles for themselves. The Golden Oldies at the Jurong Country Club will be attempting to become their age group champions from tomorrow. To date. 146 entries have been
      377 words
    • Article, Illustration
      Lock icon Mecir upset in Italian Open
      745 16 Agencies UNSEEDED Italian Omar Camporese, a wild card entry, stunned fourth-seeded Miloslav Mecir of Czechoslovakia with a 6-2, 7-5 upset in the Italian Open tennis championships on Tuesday. Mecir was the most significant loss in a day filled with challenges to seeded players. Top-seeded Mats
      Agencies  -  745 words
    • Article
      Lock icon Big games' gathering for small nations
      276 16 MINI-OLYMPICS AP MORE THAN 900 athletes from eight of the world's tiniMt nations gathered in Nicosia yesterday for the third Games of the Small States of Europe. The biennial mini-Olympics is designed to allow small countries to compete on their own level without being
      AP  -  276 words
    • Article, Illustration
      Lock icon Knicks hold on to beat Bulls
      487 16 BASKETBALL AP PATRICK EWING snapped out of a slump with 32 points, including nine in the final 1:38, and the New York Knicks held on to beat the Chicago Bulls 121-114 on Tuesday night and stay alive in the National Basketball Association playoffs. In
      AP  -  487 words
    • Article, Illustration
      Lock icon De Leon aiming for fourth title
      686 16 BOXING AP CARLOS OE LEON, a world cruiserweight champion three times already, went for a fourth title yesterday to prove, he said, that he rules the division and to fulfill a pledge to his father. "I don't think anyone can beat me in this
      AP  -  686 words
    • Article
      Lock icon Brabham takes the fast hot seat
      429 16 MOTOR-RACING UPI GEOFF BRABHAM began this month without a ride lor the Indianapolis 500. Now the native Australian tinds himsell in one of the fastest cars available for the May 28 race. Brabham, a seven-time Indy starter, is a replacement for injured Oanny Sullivan
      UPI  -  429 words
    • Article, Illustration
      Lock icon Top riders fined after boycotting rain-hit race
      288 16 Reuter TOP RIDERS, including world champion Eddie Lawson who pulled out of Sunday's rain-hit Italian Grand Prix SOOcc race for safety reasons, have been fined 2,000 Swiss francs (US$74O) each by the International Motorcycling Federation (FIM). FIM secretary Guy Maitre said in Geneva
      Reuter  -  288 words
    • Article
      Lock icon Technovator on course
      173 16 YACHTING AFP AUSTRALIAN yacht Technovator is making impressive progress and is on target to take line honours in the second stage of the Auckland to Fukuoka race, organisers in Auckland said on Tuesday. New Zealand yachts Fidelis and Black Sheep were in second and third place, with
      AFP  -  173 words
    • Article
      Lock icon Pride dented, but not crushed
      85 16 CRICKET AFP AUSTRALIAN captain Allan Border admitted on Tuesday that the tourists' pride had been dented by their defeat at toe hands of Worcestershire. Border said: "That dented our ego and pride a little bit. We have a few lessons to learn out of that
      AFP  -  85 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      CSH to seek more overseas ventures
      701 17  -  By KEVIN GWEE COLD STORAGE Holdings Ltd (CSH) is going on an overseas expansion drive and is actively seeking business opportunities for regional development of its core activities. Although the food-based group has been operating businesses outside Singapore for many years, these businesses currently
      701 words
    • Article
      Lock icon Kumpulan Guthrie set to make history with offer of 80m shares
      598 17 MBT THE BIGGEST share flotation in Malaysian corporate history is expected to take place next month with the offer for sale of some 80 million shares in Kumpulan Guthrie to the investing public. The shares of Msl each will
      MBT  -  598 words
    • Article
      Corrections and clarifications
      82 17 IN BT's story headlined "Shan-gri-La's appeal to govt for hotel extension turned down" on May 16, it was reported that Shan-gri-La was recently awarded the contract to develop and manage a resort hotel at Lazarus Island by the Singapore Tourist Promotion Board (STPB). The company had earlier
      82 words
    • Article
      Lock icon Inter-Pacific increases stake in Berjaya to 83.7pc
      168 17 Bernama INTER-PACIFIC INDUSTRIAL Group Bhd, formerly known as Raleigh Bhd, has bought an additional 4.79 million shares in its subsidiary, Berjaya Corporation (M) Bhd, for M 58.83 million cash. It said the shares were bought in the open market between Jan 4, 1989,
      Bernama  -  168 words
    • Article
      Singland posts $5.7m profit at half time
      615 17  -  Contractors turn down offer for Gateway shares By ELAINE KOH SINGAPORE LAND Ltd, lately embroiled with the stock-ex-change authorities over the Gateway transaction, is expecting sharply higher profits for the current financial year after having made a strong spurt at the half-year mark.
      615 words
    • Article, Illustration
      Lock icon Roxy: Alex Lee and parties acting in concert
      568 17 MBT ROXY ELECTRIC Industries has claimed that Deputy Agriculture Minister Datuk Alex Lee and other parties, which collectively have an interest of 36.12 per cent in the company, are acting in concert to take over the company unlawfully. Roxy's counsel, Mr Q
      MBT  -  568 words
    • Article
      MUI declares 5.6pc stake in IGB
      422 17  -  By WILLIAM CHIA MALAYAN United Industries (MUI) has emerged as a substantial shareholder of IGB Corp Bhd with purchases of about 5.6 per cent o1 the latter's shares on the stock market recently MUI disclosed yesterday that its subsidiary, MUI Sdn Bhd. had acquired
      422 words
    • SES
      • Article, Illustration
        Index stocks rise while broader market eases
        1119 18  -  rt by HERMAN PHUA GAINS ON index stocks pushed the local market to its third consecutive post-Crash high this week. The broader market was, however, easier. The Straits Times Industrials Index rose 6.54 points to 1,310.02 while the Business Times Composite Index gained
        1,119 words
      • Article
        Unit trusts
        361 18 Managers' prices OCBC-SIMBL Investment for May 18 Severs Capital Fund 099 103 Savers Trust Fund 098 1.02 Singapore Unit Trust Th* Commtrcm Th» Savings Fund 1.13 100 120* 106 OUB Investment Mgt Spare frog Fund 0.46 050 Union Global Fund® 067 091* S pare Sec Fund a/7 082
        361 words
      • Article
        COMPANY MEETINGS
        63 18 BOUBTEAOCO SINGAPORE LTD: 14th AQM at 15. Hoe Chiang Road #12-00, Sanford Building, Singapore 0206, today at noon. GREAT EASTERN UFE ASSURANCE CO LTD: 81st AQM at 65 Chulia Street #16-01, OCBC Centre, Singapore 0104, today at 11.30 am. MING COURT HOTEL LTD: 21st AGM at Ming Crystal
        63 words
    • Article
      SES SHARE INFORMATION
      6225 18 If High M9 Low Tol Cod* Company Last Sale -forMAY 17 Vol C0OO) Day High Low Last Quote Buyer Seller Gr's Dlv Dlv C'vr Gr's Y*ld Hot P/E M Cap $mtl DEBENTURES, BONDS, LOANS 284 45* 87* 88 71* 61 79 86 86 71 90 84 72
      6,225 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices finish easier
        3587 19 MBT BULLS PAUSED for a breather and share prices slipped to lower levels on thinner volumes on the Kuala Lumpur stock market yesterday Bucking the easier trend were selected financial and plantation stocks, which appeared well supported throughout the session. Share prices generally opened steady on
        MBT  -  3,587 words
    • REGIONAL MARKETS
      • Article
        Stricter rules for HK exchange listing
        455 20  -  By FOO CHOY PENG Hongkong Correspondent COMPANIES seeking a listing on the Hongkong stock exchange or issuing new shares will now have to adhere to stricter rules announced yesterday. Under guidelines to clear up the grey areas, the exchange made it very clear that
        455 words
      • Article
        Lock icon Hongkong-UK-Portuguese consortium wins Macau airport contract
        277 20 AFP A CONSORTIUM of Hongkong, British and Portuguese firms has won a contract to provide consultancy services for a planned international airport in Macau, the government announced on Tuesday. Secretary for Special Projects Luis Vasconcelos, confirming press reports, said Hongkong's Jardine Airways, British Airport
        AFP  -  277 words
      • Article
        Lock icon Koito profits from greenmail defeat
        278 20 FT KOITO MANUFACTURING, the Japanese car parts company in which Mr T Boone Pickens of Texas has taken a stake, has made a windfall 1.2 billion yen profit out of the interest speculative investors have taken in its affairs. The company turned the tables on
        FT  -  278 words
      • Article
        Lock icon Kyocera's net profits rise to US$174m
        119 20 AFP KYOCERA CORP. the world's largest manufacturer of integrated circuit (IC) ceramic packages, has chalked up a net profit of 23.89 billion yen (U*****.38 million) in the business year ended March 31. Sales of 299.20 billion yen represented a 10.3 per cent increase over
        AFP  -  119 words
      • Article, Illustration
        Lock icon Stocks slightly firmer
        531 20 Tokyo Reuter TOKYO share prices closed slightly firmer yesterday, turnover was light, and trade narrow-based. There were some dealers and individuala in the market, but most sat out again yesterday to watch for further developments in the uncertain political and currency rate situations, brokers said. "It la
        Reuter  -  531 words
      • Article, Illustration
        Lock icon Stocks rally
        539 20 Australia Reuter SHARES RALLIED yesterday as overseas buying returned due to the weakening Australian dollar. "The volatility of the currency was reflected in today's share market, which traded in line with currency shifts." said Ord Minnett senior desler Mike Crowley. The Australian dollar shed slmost one US cent
        Reuter  -  539 words
      • Article, Illustration
        Blue chips fall further
        1342 20 Hongkong PRICES of blue chips in Hongkong fell further in the afternoon, ending at the day's lows on news that student demonstrators were directing their protests against the country's top leader Deng Xiaoping, brokers said. The Hang Seng Index lost 43.09 points, or 1.3 per cent,
        1,342 words
      • Article
        Lock icon Taipei: Strong buying
        367 20 Reuter SHARE PRICES in Taiwan, buoyed by strong buying, yesterday closed off their highs because of last-min-ute sales by profit-seeking investors. The weighted index rose 86.61 points or 1.02 per cent to 8,615.25 against Tuesday's 8,528.64 finish. Turnover rose to NTSIIO.6B billion from NTSIO2.I billion on Tuesday.
        Reuter  -  367 words
      • Article
        Lock icon Seoul: Recovery
        193 20 Reuter SEOUL STOCKS recovered slightly yesterday after recent falls but brokers said investors' unease continued In snticipation of huge student protests plsnned for today. The composite index cloeed at 928.37, up three points from Tuesday s finish. Volume has been consistently low since early May with 181.4 billion
        Reuter  -  193 words
      • Article
        Lock icon Manila: Mild correction
        96 20 Reuter MANILA share prices yesterday eased in a mild correction following a pattern of a steep climbs that saw prices hitting new highs. The Manila Stock Exchange Composite Index fell 15.49 points to 1.075.15 points. Combined volume at the two bourses dropped to 2.32 billion shares worth
        Reuter  -  96 words
      • Article
        Lock icon New Zealand: Market down
        184 20 Reuter THE NEW ZEALAND Share market lost further ground yesterday while the local dollar climbed against the Australian dollar. Dealers said the relatively strong local currency deterred Australian investors, particularly from companies listed in both countries, which make up about 60 per cent of the weighting
        Reuter  -  184 words
      • Article
        Lock icon Bangkok: Index up
        127 20 Reuter THE Securities Exchange of Thailand Index roae 2.96 points to 526.85 yesterday on turnover of 13,285,716 shares worth 1,388.56 million baht. MAY 17 BANT MAo Kham TM 410 one* 37 75 -0.8 71 -0.# Bangkok Bank Bank CM Ayudhya 291 unch 344 unch Charoong Thai Wlra
        Reuter  -  127 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Wall Street edges lower
        776 21 New York Reuter WALL STREET'S edginess on Tuesday prior to several economic reports, including the March trade balance due yesterday, ended a four-day blue chip advance as investors took an opportunity to cash in on recent gains. Lingering questions about the economy also dampened stock prices.
        Reuter  -  776 words
      • Article, Illustration
        Lock icon Equities open firm
        935 21 London Reuter LONDON SHARES opened firm in quiet business yesterday despite Wall Street's 10-point lower close overnight. One dealer said, "We expected profit-taking to be heavier on Wall Street and Tokyo's higher close helped sentiment.*' Traders expect trading to remain restrained ahead of March UK industrial production
        Reuter  -  935 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1551 21 Reuter ZURICH: Swiss shares closed lower scross the board yesterday. Dealers said turnover was small as interest rste worries weighed on the market. One dealer said people expected the Bundesbank council to rsise its interest rstes, in particular the Lombard rste, st its meeting today. FRANKFURT: West
        Reuter  -  1,551 words
      • Article
        Lock icon Minorco concedes defeat on Cons Gold bid
        610 21 Breathing space from takeover threat likely for Newmont NYT MINORCO SA, the world's largest gold mining company, has conceded defeat in its US$4.2 billion bid to take over Consolidated Gold Fields pic, the world's second-largest gold producer. Cons Gold is based in London,
        NYT  -  610 words
      • Article
        Lock icon Maxwell, Murdoch sign accord on cable outlet for Sky TV
        180 21 AFP MEDIA ENTREPRENEURS Robert Maxwell and Rupert Murdoch have signed an agreement under which programmes from Mr Murdoch's troubled Sky Television satellite system will be carried on Mr Maxwell s British cable network. Mr Maxwell said in London on Tuesday
        AFP  -  180 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      134 17 The Natural Way BUSINESS OPPORTUNITIES WEIGHT LOSS The Natural Way Ply. Ltd., Australia's fastest growing weight loss company, is seeking to further expand its market overseas. We are looking for expressions of interest from parties experienced in a similar or compatible business, who would like to become a distributor for
      134 words
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      Page 17 Advertisements Column 2
      87 17 VTn J.P Morgan Securities Asia Ltd. announces the expansion of its securities distribution activities in Singapore. J.P. Morgan Securities Asia now provides investment opportunities in international securities for selected clients in Singapore and other Southeast Asia locations. This new capability broadens the range of our services and further demonstrates J.P.
      87 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      366 20 NOTICE NOTICE IS HEREBY GIVEN that, I Wong Lin Yih of Blk 518, Jurong West, Street 52, #05-133, Singapore (0923), have applied for a Public House, First Class Extended Licence in respect of premises at M/s Pink Live Entertainment at 321 Orchard Rd, #02-01/16 Orchard Shopping Centre, Singapore (0923), and
      366 words
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      Page 20 Advertisements Column 2
      237 20 NOTICE NOTICE IS HEREBY GIVEN that, I Mr NG ENG CHAI *****04/E of Blk 18, #01-103, Toh Yi Drive Singapore (2159), have applied for a Retail Liquor Shop licence in respect of premises at M/s HWA SENG LIQUORS at Blk 18, #01-103, Toh Yi Drive Singapore 2159, and that this
      237 words
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      Page 20 Advertisements Column 3
      9 20 Managers must manage, BT shows you how, every Monday
      9 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      262 21 OMAX WATCH CO. PTE. LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act (Chapter 50) a final general meeting of the abovenamed company will be held on 19th June 1989 at 10.30 a.m. at the office of the
      262 words
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      Page 21 Advertisements Column 2
      425 21 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 90) AND IN THE MATTER OF CANDISTA INVESTMENTS PTE LTD (In Members' Voluntary Wlnding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act (Chapter 50). that the Final General Meeting of the Members
      425 words
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      Page 21 Advertisements Column 3
      421 21 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF CAFE BOULEVARD (SINGAPORE) PTE LTD (In Members' Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Chapter 50), that the Final General Meeting of the Members
      421 words
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      Page 21 Advertisements Column 4
      415 21 (CHAPTER 50) AND IN THE MATTER OF MING PALACE RESTAURANT (SINGAPORE) PTE. LTD. (In Members' Voluntary Winding-Up) NOTICE OF FINAL MEETING HEREBY GIVEN that pursuant to Section 906 of the Companies Act (Chapter 50), that the Final General Meeting of the Members of the abovenamed Company will be held at
      415 words
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      Page 21 Advertisements Column 5
      422 21 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CHEZ BIDOU RESTAURANT (SINGAPORE) PTE LTD (In Members' Voluntary Wlndlng-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act (Chapter 50), that the Final General Meeting of the
      422 words
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  • Article, Illustration
    Lock icon Trading partners need not fear Trade Act: congressman
    649 22  -  BG LEE HSIEN LOONG's VISIT TO THE US By JEFFREY TSANG AMERICA'S trading partners need not fear the 1988 Omnibus Trade Act, Congressman Sam Gibbons, the man who helped draft it. told Trade and Industry Minister Brigadier-General Lee Hsien Loong on Tuesday.
    Photo by WONG KWAI CHOW  -  649 words
  • Article
    Issues of human rights and detention without trial raised
    515 22 HUMAN RIGHTS and detention without trial were the major issues raised by the audience following Trade and Industry Minister Brigadier-General Lee Hsien Loong's address to the Asia Society on Tuesday. On the question of human rights, the minister said: "We have
    515 words
  • Article, Illustration
    Political detainee Chia Thye Poh released conditionally
    465 22  -  By ANNA TEO LONG-TIME political detainee Chia Thye Poh, held under the Internal Security Act since October 1966, was yesterday released to Sentosa on a suspension direction. A Ministry of Home Affairs statement said the Internal Security Department is satisfied that the Communist
    465 words
  • LATE FILE
    • Article
      Lock icon Gorbachev urges demilitarisation
      44 22 AP SOVIET President Mikhail Gorbachev yesterday called for demilitarising the border between China and the Soviet Union. He also said in Beijing that 11 air force regiments would be disbanded and 16 warships would be removed from the Pacific Fleet. AP
      AP  -  44 words
    • Article
      Lock icon Concessions by Khmer Rouge
      62 22 UPI THE KHMER ROUGE has given up some of its military demands and proposed a liberal democratic constitution compromises that improve prospects of a political settlement in Cambodia. Resistance leader Prince Norodom Sihanouk said in Bangkok yesterday that "for the first time, the (Khmer Rouge) is
      UPI  -  62 words
    • Article
      Lock icon Supreme Court upholds decision
      40 22 NST THE MALAYSIAN Supreme Court yesterday upheld a High Court decision refusing leave for an order to quash the decisions of the Registrar of Societies and the Home Affairs Minister in relation to the de-registered Umno.
      NST  -  40 words
    • Article
      Lock icon Leading Thai economist resigns
      32 22 AFP THAILANO's leading economist Snoh Unakul said yesterday that he had resigned from the country's main planning agency to make way for a new generation of technocrats. AFP
      AFP  -  32 words
    • Article
      Lock icon Disagreement in aviation talks
      38 22 Reuter JAPAN and the US have failed to agree to expand civil air links after Tokyo reduced an offer it made last December, a statement by the US government delegation in Tokyo said yesterday.
      Reuter  -  38 words
    • Article
      Lock icon US, N Korean diplomats meet
      37 22 AFP US AND NORTH KOREAN diplomats have held four secret meetings in Beijing since December following South Korean President Roh Tae-Woo's announcement in July of a policy of rapprochement with North Korea.
      AFP  -  37 words
  • Article
    S'pore market promising: HK council
    495 22  -  By FOO CHOY PENG Hongkong Correspondent SINGAPORE has been identified by the Hong Kong Trade Development Council (HKTDC) as a highly promising market (or the colony's traders. The republic's booming economy and tourist industry have thrown up tremendous opportunities for sales of consumer and industrial
    495 words
  • Article
    Lock icon Political faith in Hongkong hits lowest point
    389 22 AFP POLITICAL FAITH in Hongkong has sunk to its lowest mark since London agreed more than four years ago to turn the British colony over to Chinese control in 1997, a survey released in Hongkong on Tuesday showed. The drop in optimism about
    AFP  -  389 words
  • Article
    Lock icon Taiwanese Premier resigns
    102 22 Reuter TAIWAN'S Prime Minister Vu Kuo-hwa yesterday announced his resignation in a move which analysts said was a victory for young reformers against the ruling Nationalist Party's most powerful conservative. Mr Yu, 75, said on state television that he had offered his resignation to President Lee Teng-hui,
    Reuter  -  102 words
  • Article
    Lock icon One million Chinese join protest march
    340 22 AP MORE THAN one million people demanding democracy and supporting student hunger strikers marched triumphantly through Beijing streets yesterday in the biggest protest in communist China's 40-year history. The march began in Tiananmen Square to the peal of firecrackers set off under the huge
    AP  -  340 words
  • Article
    UN report urges investment in women
    200 22  -  b) Malini Tambyah INVESTMENT in women should be made a development priority, according to the 1989 State of World Population report by Dr Nafis Sadik, executive director of the UN Population Fund. A weakened economy, uncontrolled population growth, ineffective agriculture, high infant and child
    200 words
  • Article
    Lock icon Comex gold and silver
    105 22 Reuter COMEX GOLD futures struck new 32month lows early yesterday on news that the US trade deficit in March narrowed to US$B 86 billion from US$9 82 billion in February, but the selling lacked follow-through. June gold recovered to U*****.20 an ounce, with a net loss
    Reuter  -  105 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      64 22 lent REGENT HEALTH SPA TEL: *****68 (5 Lines) m* We are the same team from EMPRESS HEALTH CENTRE with great ditferences Massage Hot/Cold Pools Sauna Bath Steam Bath Gymnasium Hair Salon TV/Cotfee Lounge WE ARE HERE! rIBM\ X fews HOAfT I "A DM icn /j Business Hours 10 30am 1100pm
      64 words
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      Page 22 Advertisements Column 2
      188 22 Focus, PAGE 9 The art of fine living. Beautifully furnished dining rooms, separate fully <*quip|>ed kitchens, elegant one or two bedroom suites right in the heart of Orchard Road. At The Ascott, we take pride »n giving our c lients their own home. A spacious, private living environment that offers
      188 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Conference adjusts Japanese CAF
        43 23 Reuter THE Freight Conference covering trade between Europe and the Far East said it is adjusting the currency adjustment factor (CAF) from the loading area of Japan to 70.50 per cent from 77 per cent from May 17. Reuter
        Reuter  -  43 words
      • Article
        Lock icon Finnish builders reach agreement
        103 23 Reuter FINLAND'S Oy Wartsiia Ab has reached a preliminary agreement with Hollming Oy on a sub-con-tract under which Hollming would assemble three oil tankers for delivery to the Soviet Union. The three 2,500 dead weight tonnes, 97 metre, tankers are among 11 which Wartsiia is to
        Reuter  -  103 words
      • Article
        Lock icon Nortankers begins trading on Amex
        77 23 Reuter NORTANKERS Inc, a newly formed shipowning company of Monrovia, Liberia, has begun trading 5,388,000 common shares on the American Stock Exchange (Amex). It opened on 29,900 shares at 15, the exchange said. Nortankers was organised in March 1989 to invest in, own and operate
        Reuter  -  77 words
      • Article
        Lock icon Idle tankers continue to drop
        74 23 AFP THE world volume of idle tankers and combination carriers decreased to 4.17 million deadweight tonnes (dwt) in mid-May against 4.46 million dwt in mid-April, London brokers E A Gibson said. The number of vessels in the 200,000-dwt-plus range laid-up in mid-May was 2.45 million
        AFP  -  74 words
      • Article
        Lock icon Rise in Tanzania-Zambia traffic
        150 23 Reuter THE Tanzania-Zambia Railway (Tazara) carried 73,610 tonnes of goods in April, up from the 66,498 tonnes carried in March, officials said. However, the railway still failed to achieve the target for April of 83,850 tonnes. An official said a shortage of empty cars for loading
        Reuter  -  150 words
    • Article
      Lock icon Valdez captain admits mistake
      163 23 Reuter THE captain of the supertanker Exxon Valdez told investigators he was responsible for the worst oil spill in US history, evidence filed for a National Transportation Safety Board hearing on Tuesday showed. Captain Joseph Hazelwood, 41, told the US Coast Guard he over-estimated the ship-handling
      Reuter  -  163 words
    • Article
      Index to advertisers
      829 23 ABC Containerize XI 5 Accord Shpg VIII 3/4 Arrow lines XI 5 ANl III 1/2 APC line VII 5 API V 3-5 ASCI V 1 Australia line VII 1 Bolt Canada line IX 4/5 Bolt-Orient line IX 4/5 Baltic Orient Shpg XI 4 Bangladesh Shpg VII 2
      829 words
    • Article
      Better liability coverage for Malaysian forwarders
      343 23  -  By G DURAIRAJ THE Federation of Malaysian Freight Forwarders (FMFF) has introduced new standard trading conditions aimed at providing its members better coverage for liabilities arising from services rendered. A major feature is the provision of forwarders' liability cover of up to Msloo,ooo in
      343 words
    • Article
      Eagle Express spreads its wings in Asia
      702 23  -  By LINDA CHEE AMERICAN President Lines has slotted 14 ships, ranging in size from 200-700 TEUs, into its own feeder operations in Asian trade lanes. The vessels are managed by Eagle Express Carriers, a company formed in January this year. The operation, based
      702 words
    • Article
      APL signs 5-year deal with Thai railway
      241 23 AMERICAN President Lines has signed a five-year agreement with the State Railway of Thailand (SRT) to manage an inland container terminal at Bangsue. This facility, approximately 16km from the Klong Toey port, serves as the inland gateway for APL's intermodal (rail and ship)
      241 words
    • Article
      Hanjin to take over KSEC
      89 23 SOUTH KOREA'S Hanjin group, which owns the national carrier Korean Air Lines, said it would soon sign a contract to take over Korea Shipbuilding and Engineering Co (KSEC). The transport group bid 86.2 billion won for KSEC to beat rival bidder Jinro Beverage Co. Details
      89 words
    • Article
      Hedging against bunker price volatility
      1248 24 As part of a general, albeit gradual acceptance of risk hedging techniques by companies involved in such an uncertain business as shipping, the practice of hedging against bunker price volatility appears to be gaining ground. This article from LLOYD'S SHIPPING ECONOMIST examines the benefits offered
      1,248 words
    • Article, Illustration
      Port Conditions
      307 24 All surveys were conducted on April 18. ASIA Bangladesh: Chittagong 20 vessels operating, Mongla 10 vessels operating. China: Dalian, Xingang, Qingdao and Xiamen Normal operation. India: All ports Strike is on. Japan: All ports Work resume, normal operation. Pakistan: Karachi Waiting time of up to two weeks. Port
      307 words
    • Article, Illustration
      Stolt expands parcel tanker fleet
      205 24 STOLT Tankers and Terminals (Holdings) has added four modern 12,500 dwt parcel tankers to its fleet. Three of them, bought from Japanese shipowner Eiko Marine, will be named Stolt Alliance, Stolt Taurus and Stolt Titan. These vessels were all built in 1985 Two vessels will
      205 words
    • Article
      Nhava Sheva to rival Bombay port with better facilities
      342 24  -  By SHIRISH NADKARNI THE NEW Indian Port of Nhava Sheva, to be officially opened on May 26 by Prime Minister Rajiv Gandhi, is set to become a formidable neighbour to Bombay, the busiest port in India. The highly-computerised port, overlooking the
      342 words
    • Article
      Who acts for whom ...
      2316 24 Who acts for whom A —B A 8 Shipping Boustead Shpg Agenciea <S) ABBS Line-SMS PMLM (S)/Tunas Setia (PK/KL) ABC Containerline NV Fargo Shpg Co (S) Accord Shpg Accord Shpg (S)/Accord Container Line (PK/PN) Ahrenkiel Liner Kim Shpg (S) Alfred C Toaptar Ocaanua Shipping Agancy (S)'Multiport Sdn Bhd (PK) Alltrana
      2,316 words
    • Article
      Philippines facing shortage of seamen
      331 25  -  By AL O LABITA Jr PHILIPPINES, one of the world's major suppliers of seamen, is itself facing a crewing shortage in its domestic shipping industry. State-owned Philippine National Oil Company (PNOC) is one of the affected companies. About 16 tankers of the PNOC Shipping Transport
      331 words
    • Article
      London Freights
      995 25 Dry cargo freight chartering remained fairly quiet on Tuesday in the single voyage market and time-chartering generally centred on the Pacific, brokers said. Talk emanating from the freight futures market suggested that US$3l had been agreed for a grain trip from the US Gulf to Japan, but there
      995 words
    • Article
      SHIPPING LIST where your ships are due... and when
      6316 32 AARHUS Ever Oallant. Evergreen. May 18. Luna Meerak. Meerak Llna. May IS. Banavon. Trtot, May 18<P*). Villa da Neptune. CM O'Affretement, May 20 Ming Paaca. Yang Ming. May 20 Xing Ha. China Ocean Shpg. May 21. Korrigan. ScanOutcht. May 22 Ever
      6,316 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      4 23 *°v TIMES STP Distributors
      4 words
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      Page 23 Advertisements Column 2
      18 23 Lines and services represented by Members o( the Registry of Accredited Shipping Agents, Singapore National yJQkjjiffSJ Shipping Association.
      18 words
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      Page 23 Advertisements Column 3
      225 23 INTERMARINE SUPPLY CO (PTE) LTD T«l: *****33 (6 HltM| Tta IMCCO R*****S Fu *****77 FH in someone overseas about Singapore. Ct c^,. f^\l2 ®S'^S «£>•' rtote 9"£?> ote& *2%*^ t-% fC 1 tfgSaM VyC^P *<** W&Mm The Straits Times l Weekly Overseas Edition. It's the weekly J1 newspaper, printed on
      225 words
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      Page 23 Advertisements Column 4
      139 23 Stol! expands fleet STOLT Tankers and Terminals (Holdings) has added four modern 12,500 dwt parcel tankers to its fleet. Three of them, bought from Japanese shipowner Eiko Marine, will be named Stott Alliance, Stolt Taurus and Stolt Titan. These vessels were all built in 1985. PAGE II Shortage of labour
      139 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      122 24 1300 DWT LCT SAILING FROM S'PORE TO OMAN (ARABIAN GULF) Accepting Full Cargo for Gulf or West Coast India suitable for project cargo or 54 containers 20 ft. Contact Captain NAGRANI *****66 Fax *****61 or C F Sharp Captain VAN LUYK *****22 Fax *****65. NOTICE NOTICE OF CHANGE OF COMPANY
      122 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1029 25 ;*< WW Pt'tlkuK'tl Cjtuilily Jardines IANOINE SHIPPING AGENCIES 200 C*ntomn«nt »aad #12 06 Southpomt. S'nupore 0701 M 221 >011 Tf If X NO RS 241/9 TERMINAl/CES M *****11 720 BOOKINGS Tel *****14 215 PfSANA IARCHNE SNIPPING AGENCIES SON BNO PONT HUANG Til 36*4111 TeMi No MA*****/MAJJ70I HNANC TIL (***** TUIX
      1,029 words
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      Page 25 Advertisements Column 2
      1119 25 MAERSK LINE Pod 'Penang Keiaog DESTINATIONS KWANGTUNG 8995 22' 5 23>5 MARGRETHE M 8906 30/5 31/5 MCTTE M 8902 6/6 7lt LARS M 8906 13/6 14/6 LAURA M 8906 20/6 21/6 REGINA M 8906 27/6 28/6 LEXA M 8906 4/7 5/7 MCKINNEY M 8906 11/7 12/7 This Kmrangtung Closing Time
      1,119 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      607 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON NIPPONCA OSAKA BAY TOCAGA BAY KAGA HEIDELBERG EXPRESS HARTFORD EXPRESS MONTE ROSA ALASKA MARU HAMBURG BREMERHAVEN 17/6 ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST. DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S AMERICA CONTAINER SERVICE
      607 words
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      Page 26 Advertisements Column 2
      430 26 COLUMBUS LINE REEDERE! GMBH Vjp w i A SERVICE 0? MAMBURG SOD CXPfIfSS S£MKOWTA*CP ttAVKE TC NORTHBOUND TO UKC S PORE RDM/A DAM HBG HULL (U.K.) FORTHBANK V24N In Pt 15/6 19/6 22/6 IVYBANK V-24N 12/6 11/7 15/7 11/7 TAMAITAI SAMOA V-15N 15/7 liyi 16/t 20/1 'Alio AtcetHint FCL to
      430 words
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      Page 26 Advertisements Column 3
      1018 26 i f (wo m Aj £!£> *J,U t -r^zJb REGULAR INDEPENDENT FULL CONTAINER SERVICE (Aarhus, Copenhagen, Gothenburg) and other European Inland points ALG/BCL ALX* P. SAID'TRS* KOPER'VCE* ANC* AQABA* 14/6 15/6 16/6 17/6 19/6 20/6 22/6 23 6 25/6 23/6 25/6 26/6 27/6 28/6 29/6 30* 5/7 6/7 8/7 9/7
      1,018 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1438 27 Steamers Maritime Holdings Ltd P&O STRAITS SHIPPING CONTAINER SERVICE TO UK/CONTINENT TOKIO EXPHtSS In Port 12/6 OW W* BCNAVON Port 20/5 06/6 <*S 10/6 1W NIPPONICA OH W TB» 1 OSAKA BAY 2M 2W5 OM 1« 1« W HAGA 01,6 26,6 21/6 23/6 »6 TBA TOLAGA SAY 91,* ®M 20(6
      1,438 words
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      Page 27 Advertisements Column 2
      1124 27 ah a y 1 KiA 11I" WEEKLY EXPRESS INDEPENDENT YANII LIIMC FAR EAST/EUROPE fully containerised service Alto accepting (or Inland UK destination* Antwerp and Scandinavian ports FLOTA MERCANTE GR ANCOLOM Bl AN A. S.A HANJIN ROTTERDAM 002E CHOYANC CHANCE MIE HANJIN HASAN (MIC HANJIN LEHAVRE 001E Ldg for HK/KAO/KOBE/YOKO/BUSAN CAvr.
      1,124 words
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      Page 27 Advertisements Column 3
      336 27 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines) TLX R*****1 K R*****2 fc. KASTKKN \K I.INKK I II) STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT VESSEL VOY. NO. S'pore P. Kelang Penang SEKI NAGOYA 67 AMRTA V 3 9/6 11/6 Hong Kong Yokohama 29/6 Nagoya 24/6
      336 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      587 28 U.SINOSE I m MARITIME PTE LTD ISLAMIC RfPUBLIC OF IRAN SHIPPING LINIS IRAN MEEAO PJL6BI Singapore loading lor Sld BANDAR ABBAS KYOWA LINE SOUTH PACIFIC SERVICE MOTHER VSL KYOWA VIOiET V 25 KYOWA HIBISCUS V.37 LOAD FOR: GUAM. SAIPAN, HRA. VILA. NMA. LTK. SVA, PAGO. APIA GUAM. SAIPAN. HRA. VILA
      587 words
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      Page 28 Advertisements Column 2
      771 28 TO EUROPE VIA SUEZ HANJIN SHIPPING CO., LTD. t -a:ner:>eo servi e |TO USA PACIFIC SOUTH WEST HANJIN OAKLAND 002W ?1 5 CHOYANG SUCCESS 003W 27,5 HANJIN TONGHAE OMW 3 b HANJIN ROTTERDAM OMW 10,-6 LtHjvrt R'dam H burf B'h»v«i Fstow« 76 8/6 96 11/6 126 14,€ 15,6 16/6 11/6
      771 words
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      Page 28 Advertisements Column 3
      231 28 INTEROCEAN UNE 78, 2nd Floor, Jolon 2/71, Toman Tun Or. IwnoM. ***** KL. Tol: *****34, *****94, *****29 TUX NO MA-***** FA*: 03-*****11 Ponong O* T.I: *****7. *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN UNE REGULAR LWER SERVCES (FORUGMTLY SAIUGI HONG KONG PORT KE
      231 words
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      Page 28 Advertisements Column 4
      860 28 EVERGREEN Full Container Service Round-The-World East Bound fFE/CARIB/USEC/EURO/FE) PKL SCP HKG KSC KLG PUS HKT OS* TTO BAL LMV EVER GROWTH 2S* 20* 31* 31* 04/04 07* 04/06 11* 14* 04/07 20/07 EVER GRAND 24/5 MS Off W tlffi 12* 1W 1W 19* 14* 2iC EVER GREET UjK 13* !1K
      860 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      825 29 ft PACIFIC INTERNATIONAL LINES ?\V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 CONTAINER SERVICES VESSEL SEA DRAGON SEA ORAGON VOY SIN 17NB 3/6 19MB 1/7 QINGDAO VESSEL SMO OCEAN SMO OCEAN SIN HKG ODA Sid 20/5 23/5 3/fl 15/6 22/6 CONVENTIONAL/SEMI-CONTAINER SERVICES r RED SEA/EAST AND WEST
      825 words
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      Page 29 Advertisements Column 2
      489 29 BEN UN E COETAIEERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT B HAVEN ROAM HAVH MM 1M lM W 11* m 1W 1M i*n nn an an n\ WWW an an w W W IW WWW iw w iw iw 10(7 m w w ISO Hon«*ong Eiprets Sailed Sailed Heidelberg Eip Sail
      489 words
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      Page 29 Advertisements Column 3
      308 29 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. 6ESURI LLOYD P.T. SAMUDERA IWONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE SRIWIJAYA/26W8 S. PANJANG/22 WB KUTAI 17WB ANTWERP H'BURG/ ROAM/ADAM BREMEN 5/7 9/7 20/7 24/7 */7 5/8 Subject to Inducement. Also accepting cargo to Casablanca, Port
      308 words
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      Page 29 Advertisements Column 4
      376 29 BOUSTEAD SHIPPING AGENCIES IP* MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon Spore P.Kelang Penang Bangkok PAGAN VI4IW PA-AN VI3SW LOIKAW VI46W BANK UNE SEMI-CONTAINER SERVICE NORTHBOUND TO UKC FORTHBANK V24N IVYBANK V24N TAUSALA SAMOA VISN SPORE ROAM HMBG HULL In Pt 15/6 19/6 22/6 12/6 11/7 15/7
      376 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      840 30 OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH Kline KAWASAKI KISLN KAISHA. LTD. N. AMERICA*ATLANTIC COAST OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH FEEDER VESSEL ACE CONCORD NEPTUNE TOPAZ SEVEN SEAS BRIDGE •PK/PNG 16/5 24/5
      840 words
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      Page 30 Advertisements Column 2
      1059 30 G GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23, T«M Avar St/Mt SINGAPORE 0104 TEL: 5343 M (10 LINES) Fa« *****04 STRAITS/PERSIAN GULF SERVICE: GOLDEN HARVEST CotamOot Karachi Duba. GOLDEN WONDER Colombo.KaradwOuba. CHINA SERVICE BAI TUN SHAN Sluntfiai S'pore P Keianf Penan# ma**l IWU turn 21/21 May CHINA OCEAN SHIPPING
      1,059 words
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      Page 30 Advertisements Column 3
      436 30 inwaj, niuisuay, may io, 1909 PHILI-ORIENT LINES PTE LTD HEAD OFFICE 63 ROBINSON ROAD »07-12 AFRO-ASIA BUILDING. SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 P 32IEEm3 IT ETA SINGAPORE r-3 >f(;'1 ,fll j >' ,rr 2252E2352j*****" ?1 rasn LATTAKIA BENGHAZI. ALGIER TRIPOLI. ALEXANDRIA. TORT SAID. PIRAEUS. CASABLANCA LIMMASOL. VALETTA
      436 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1453 31 Agtnli S pore NEPTUNE AGENCKS PTE. LTD. Boohinm Bookmu Inwaid/ retmmjl CFS K W/AUSr IPA Sf A Outlaid *****22 *****53 2NJJM 2/***** 278/W4 EXPORT NEPLINE SDN BHD NEPTIiNE FEEDER VSL N. Emerald 09N N. Ivory UN N. Emerald lON N. Ivory 15N MOTHER VSL O. Educator 71E O. Exporter 5E
      1,453 words
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      Page 31 Advertisements Column 2
      780 31 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 ***** PfMAMC "LANG MESSRS MAI THOftC SHIPPING 127 Ptnmi Strtft. Pedant Malaysia M/S HANOiIHG SYSTEM CO SOU SMO
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      346 32 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. 11l Ift iwiirt 114 UwM FAX /«i KttX MS 7") WH A/« »:MA US J'llH'l A/H SSCAI) F DSR-LINES fl '■coaCH" "OS" DC* 4 rt. INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE E. THAELMANN 4/89 T. WENOA IN WILHELM
      346 words
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      Page 32 Advertisements Column 2
      63 32 T.SK. LIME WIEKLV CONTAINERISED SERVICE WITH FIXEO OAY ARRIVAt EXPORTS TO TAIWAN JAPAN EZB Qfl EH3id E£Hl2l Qi Qi d Qg ggiQH IMPORTS FROM JAPAN TAIWAN EXPORTS TO SURABAYA TSKLINE AGENCIES (S) PTE LTD TEL: *****68 NYK AGENCIES (M) SDN BHD TEL: K.L *****66 PKL *****15 PNG *****8 HINODE RISEN
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      153 32 i Regional Weather 1 m m m O i f. VA l ¥4 ***** SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. May It, 1989 R Thunderstorm c w Jumj Weother W«y) ikKtion with speed m knots Ron v Ckxjdy Sk» Wovehe*,. Svrfoc* wwdi or* indicated by or rows w+txh
      153 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      650 33 UNIPACIFiC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 nil IRAQI LINE 1/ IM AO r ST /IT St »0» ■4HITI TRANSPORT MV ALKINOI EAST BOUND SERVICE ETA S PORE LOADING FOR 25/5 Um Oasr'Basrah Baghdad THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA BAGHDAD
      650 words
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      Page 33 Advertisements Column 2
      344 33 RICHFIEIO MARINE AGENCIES ISI PTE LTO {*3 TCI 2250' 33 (10 Uneti BFA J 225 "1 i 'EwCX fiS 35J53 PI3MIP 13 line* I in* of Ethiotfa) ACCEPTING FCI AND conventional PEN/PKG ETA SPOfIE LOADING FOA NETSANET 71* DAAESSALAAM MOMBASA. DJIBOUTI VOY 15WB ASSAB MASSAWA HOOEIOAH ABBAY WOW 3/7 OARESSALAAM
      344 words
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      Page 33 Advertisements Column 3
      696 33 CRYSTAL FREIGHT SERVICES PTE LTD Tta ***** CfSIN FAX; *****1 HONGKONG/ CHINA BANGKOK P. KELANG/PENANG BUSAN KEELUNG/KAOHSIUNG MANILA TOKYO/YOKOHAMA JAKARTA SYDNEY/MELBOURNE FREMANTLE PORT MORESBY/LAE COLOMBO LOS ANGELES/INLANO PORT AUCKLAND ROTTERDAM/ANTWERP HAMBURG FELIXSTOWEVLONDON 22/5 A 28/5 20/5 23/5 20/5 27/5 26/5 A 5/6 21/5 A 28/5 21/5 A 28/5 25/5 A
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      Page 33 Advertisements Column 4
      258 33 BALTIC ORIENT SHIPPING PTE LTD. LEUVE not TIGER BAY A. GONCHAHOV O§SIM SUSAK HN f STAROSTINE ACSIfS TIGER MY «M LEUVE UK SUSAK m LEUVE UM f STAROSTINE MS 1« TIGER BAY 71* MIS 30fl W n* u* 1* 13* u* U* n* w 2*5 *5 ~2* Z Z w
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      Page 33 Advertisements Column 5
      107 33 PFARGO SHIPPING REGULAR EXPRESS FCI LCL SERVICE DESTINATION ETA SINGAPORE PORT KELANC (FCL ONLY) KEELUNG, KAOHSIUNG JAKARTA (FCL ONLY) TOKYO, KOBE. BUSAN (FCL ONLY) KARACHI, BOMBAY, COLOMBO (FCL ONLY) 23/5, 30ft t/t, 13/S, 20* 21/5, 21/5, 4/t, Ll/8 20/5. 22/5, 23/5, 24/5, 27/5, 30/5 28/5. 5/8, 23/1, 3/7, U/7, 25/7
      107 words