The Business Times, 26 May 1987
1987-05-26
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28
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The Business Times
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Title Section12 1987-05-26 1 BUSINESS TIMES M.C. (P) No. 112/12/86 TUESDAY, MAY 26, 1987 75 CENTS12 words
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Article, Illustration162 1987-05-26 1 Ovaraaaa markets Monday HK Hang Song Index 2926.10 28.48 Sydray All-Ordinaries 1802.4 (-43.0) Tokyo NSckei Avorago *****.77 50.05) Friday Now York (Dow Joras) 2243.2 (+17.43) London (FT 30 Index) 1686.7 9.00) Simax DM(Jura)0.5648( 8 Ewro-$ (Sep) 91.88 (+19) Yon (Jura) 0.*****4 (-40) Pound (Jun) 1.6660 (-140) Nikkei162 words
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542 1987-05-26 1 ALVIN TAY - Finance houses overtaken for the first time By ALVIN TAY COMMERCIAL BANKS have, for the first time, forged ahead of finance companies in terms of housing loans, a trend that shows no sign of reversing. The overtaking by the banks is significant for542 words
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305 1987-05-26 1 AP THE INDONESIAN government yesterday announced the opening of 297 new business sectors to foreign investment and a further easing of business restrictions. Previously, foreign investment was allowed only in 926 of the 1,429 business sectors on a government list. Sanyoto Sastrowardoyo, deputy chairmanAP - 305 words
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247 1987-05-26 1 IN ANOTHER PUSH for stronger bilateral economic and trade ties, the First Deputy Prime Minister leaves today for a 10-day trip to China as guest of the Chinese government. The main business of the trip will take Mr Goh to the Chinese247 words
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287 1987-05-26 1 THE GOVERNMENT has accepted the 1987 National Wages Council (NWC) guidelines which call for another year of wage restraint, this time slightly less severe. In accepting the proposals, it urged companies "to take serious heed" of a particular NWC guideline, that is, to give a287 words
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Article96 1987-05-26 1 Reuter TAIWAN will soon unveil a three-year programme to allow its businessmen to boost investment in four South-east Asian countries with government financial aid. John Ni, director of Economic Ministry's Industrial Development and Investment Centre, said the programme called for investment targets of US$5O million in IndonesiaReuter - 96 words
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620 1987-05-26 1 Reuter A US SUPREME COURT decision dismissing claims by holders of pre-1949 Chinese bonds has allowed Beijing to borrow money in the US for the first time since the communists seized power in 1949, Western and Japanese bankers said in Beijing. The court rejected inReuter - 620 words
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430 1987-05-26 1 LISA LEE - By LISA LEE CARS were parked three abreast outside DBS Bank in Shenton Way yesterday as market "stags" jumped out of their vehicles to hand in their applications for shares in Sembawang Maritime Ltd (SML). SML, a towing and salvage company,430 words
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Article, Illustration137 1987-05-26 1 THE SINGAPORE stock markst closed mixed yesterday in active trading, but the underlying sentiment remained bullish, thanks to positive news on the economy releaaed during the weekend. The ST Industrial Index eased 1.93 points to 1,204.11 while the BT Composite Index gained 0.38 point to 1,067.30.137 words
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Page 1 Advertisements
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Advertisement132 1987-05-26 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Special Thai Sharlc' B Fin cuis^ e^ Plaza Hotel Yes! Just when *'1 you thought l» you ve missed j/// ;A\.. the chance taste our Special Thai Shark s Fin cuisine the last time round, you can now have the same delicious Thai Shark's132 words
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Advertisement257 1987-05-26 1 8m F««tur«, Pag* OUR VIEW FEDERAL RESERVE chairman Paul Volcker, whose chances of being re-appointed head of the US central bank once looked slim, is now the favourite for the job, economists believe. THE ECONOMIC MOOD today is gratifyingly different from banking finance Page 7 the gloom of yesteryear. But257 words
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Advertisement172 1987-05-26 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Hock Lock Slow, Pogo 17 "``-]~]\"':-"$`>-}!,.!.$~<[_.%] THE WRONG CHAIR CAN TURN A CUSHY OFFICE JOB INTO BACKBREAKING WORK. Silting with a hunched, rounded back places a strain on the neck and shoulder musdes and leads to pressure on the discs of the spine. The172 words
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HOME NEWS
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Article390 1987-05-26 2 BOEY KIT YIN - Trade mission clinches US$5.4 million worth of deals By BOEY KIT YIN A SINGAPORE trade team to India has returned with US$5.4 million worth of business. And in the pipeline is another US$7 million worth of trade and joint venture deals. The nine-member mission, organised390 words
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271 1987-05-26 2 HOW COMPANIES can get started in product development will be discussed at a seminar to be held on Thursday. The one-day seminar, at the World Trade Centre Conference Hall, is jointly organised by the the Economic Development Board and the Singapore Institute of Standards271 words
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161 1987-05-26 2 THE Economic Development Corporation of the Federal State of Bremen (EDCB) opens a representative office here today. The EDCB, operational since Jan 1, this year, has appointed Mr C K Ow, president of Hai Sun Hup Company (Re) Ltd, as its representative for161 words
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604 1987-05-26 2 TOP EXECUTIVES from leading international companies are coming to Singapore in August to speak at a major computer conference, held in conjunction with the Singapore Information Technology Week. Among the 14 who have confirmed their participation at the 2nd Pan Pacific Computer Conference604 words
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254 1987-05-26 2 THE Trade Development Board is organising a mission to Moscow next month. The mission is expected to be led by its chairman Alan Yeo. The week-long mission is scheduled to arrive in Moscow around June 7. During its stay, the mission will hold discussions254 words
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Article103 1987-05-26 2 CIVIL AVIATION officials from Singapore and Canada went back to the negotiating table yesterday to try to work out a new air services agreement (ASA). Singapore served its termination notice in July last year after two unsuccessful rounds of talks to liberalise the 1964 bilateral103 words
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164 1987-05-26 2 THE MINISTRY OF LABOUR is now conducting the mid--1967 Labour Force Survey to collect data to help it evaluate and formulate plans and policies on employment. From now till the end of June, interviewers with identification cards issued by the ministry will164 words
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157 1987-05-26 2 THE PRESIDENT of the Singapore Anti-Narcotics Association, Mr Baey Lian Peck, is in Hawaii attending a conference on drug abuse. The conference "On mobilising public action against drug abuse" started yesterday at the EastWest Centre in Honolulu. Mr Baey is presenting a157 words
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Article92 1987-05-26 2 IN A BID to reduce noise pollution from motor vehicles, all new vehicles entering Singapore from July 1 must meet the noise standards set by the Registry of Vehicles (ROV). An ROV spokesman said yesterday that noise tests for vehicles on the roads will be92 words
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Page 2 Advertisements
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Advertisement631 1987-05-26 2 The introduction of the BMW 325 i has been greeted with standing ovation from all quarters of society. All except one, that is To the majority of the gentry, the car is not perceived to (shall we just say) ciently flamboyant. Which led more than a handful of these uninitiated631 words
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Advertisement144 1987-05-26 2 IN PENANG-A FIRST CLASS HOTEL AT AN AFFORDABLE PRICE. The Shangri-La Inn Penang brings to the ieart °f Georgetown a standard of service never before seen in Penang. Its 426 guestrooms 16 suites feature the finest in amenities. And being centrally located in the heart of Georgetown is the ideal144 words
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ASIA – PACIFIC
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436 1987-05-26 3 Reuter JAPAN IS LIKELY to come under pressure to open up its financial markets at meetings this week with the US and Britain, Western diplomats, bankers and securities sources in Tokyo said yesterday. Both the US Congress and the British government haveReuter - 436 words
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Article185 1987-05-26 3 AFP AN ESTIMATED 40,000 people are killed on India's roads every year, probably the worst record of any major country in the world, a group of accident prevention experts has reported. Indian drivers account for 6 per cent of deaths on all the roads in the worldAFP - 185 words
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318 1987-05-26 3 AFP IRAN WILL CONTINUE to attack oil tankers in the Gulf despite Washington's decision to bring 11 Kuwaiti tankers under the protection of the US Middle Eastern force, Iranian ambassador to the United Nations Said RajaieKhorassani warned on Sunday. Washington has said the KuwaitiAFP - 318 words
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278 1987-05-26 3 AP TAIWAN INDUSTRIALISTS would switch from Japanese to American suppliers if US companies offered better prices, quality and service, according to a survey released in Taipei yesterday. More than 75 per cent of the 300 companies surveyed said they would switchAP - 278 words
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561 1987-05-26 3 Reuter AN UPTURN in the prices of semiconductor memory chips indicated US tariffs imposed on some Japanese electronics goods last month were compelling Japanese chip makers to stop dumping, industry analysts said. Prices for key 256-kilobit dynamic random access memory (Dram) chipsReuter - 561 words
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247 1987-05-26 3 AFP JAPANESE International Trade and Industry Minister Hajime Tamura yesterday called anew on Japanese electronics firms to comply with an eight-month-old semiconductor accord with the US and import more foreignmade chips, officials said. Mr Tamura made the request to executives of 10 major JapaneseAFP - 247 words
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Page 3 Advertisements
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Advertisement143 1987-05-26 3 OUR WIDE OPES SPACES %&&&)&>■ I v 4 mi •<% -J& Wlf 9* Whi* m a mm ar gm. sflßj '£J«: tPwHT* rr* EVST «a® m? f > w v." v t'V; «kw.. I J* <«"L\vV> j.Oi'Vi >\\ YV* N v t >t• V Arfiafi -JS k V :*7» rz^*rsSi143 words
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Page 3 Miscellaneous
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Miscellaneous27 1987-05-26 3 Doonesbury W "POSTS EDITORIAL, PtfASB tHSOPK/.SIR, NO ONE CAN CDMtWTHE PHONE RIGHT y now. WHY SNOT* BY GARRY TRUDEAU IBEUBYB THef&MNG SOMESORTOF fhHOUSeSURHGY JXMKS/K. liLic. jIL JI27 words
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Page 4 Advertisements
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Advertisement99 1987-05-26 4 advertisement How to choose a partner. Find someone who: Cares as much about your business as you do Will be there in an emergency Understands your business and knows the industry Can help you achieve more than you could alone Offers innovative ideas to help your staff work more efficiendy99 words
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REST OF THE WORLD
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198 1987-05-26 5 Reuter BRITAIN'S centrist LiberalSocial Democratic Alliance, trailing badly in opinion polls, has changed its tactics tor next month's general elections and started to attack the opposition Labour Party. "You'll find this campaign will be leading in a different direction. We have already dealtReuter - 198 words
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Article785 1987-05-26 5 ARRIVALS Operator Sorvic* Local From number Hmo SU SQ19I 1155 PEN THAI TG403 1155 woe Al AM32 1200 BOM/MAA/KUL MAS MH682 1230 KCH GIA GA940 1235 MES SIA SQ107 1250 KUL SU SQ203 1300 CGK SIA SQ15 1305 LAX/HNL/TPE GU GA900 1310 PKU AY AY902 1320 HEL/BKK785 words
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335 1987-05-26 5 NYT NEW ORDERS for Ameri-can-made machine tools fell 20.9 per cent In April from their March level. The National Machine Tool Builder's Association, in a report released yesterday, said orders declined 32.8 per cent from April 1966. Trade association officials attributed the declineNYT - 335 words
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365 1987-05-26 5 AFP A GROUP of ceramic sculptures previously believed to be priceless samples of pre-Columbian art may have been manufactured for tourists in the 1950'5, US art collectors fear. The suspected forgeries, which are displayed in museums, art galleries and private collections around the world,AFP - 365 words
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Article485 1987-05-26 5 UPI TWO TONNES of ice from an Alaskan glacier were loaded onto a British Airways flight on Sunday and flown to Tokyo, where a group of entrepreneurs was expecting a warm welcome yesterday for the frigid commodity. Many hundreds of tonnes of icebergs are beingUPI - 485 words
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526 1987-05-26 5 Many leaders in weak political positions NYT THE SEVEN-NATION (G-7) industrial summit conference that President Ronald Reagan will attend next month in Venice is likely to prove unusually modest in its achievements despite the long agenda of issues. Analysts and officials in Washington saidNYT - 526 words
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141 1987-05-26 5 AFP YOUNG ADULTS, aged 17 to 22. who are releaaed from priaon have higher ratea of re-arreat, re-conviction, and re-incarcera-tion than other age groupa, according to a US government atudy releaaed on Sunday. The study by the Bureau of Juatice Statistics said 69AFP - 141 words
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Article, Illustration384 1987-05-26 5 Reuter LIBYAN LEADER Muammar Gaddafi haa aaid Libya's industrial baae ia in decline and heading for collapae unless the country cuts imports, curbe mismanagement and givea its workers more incentives. Mr Gaddafi iaaued the warning at a meeting of government, parliamentary and municipal officials. LibyanReuter - 384 words
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Page 5 Advertisements
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Advertisement102 1987-05-26 5 I M \|X I I I The business person's choice, every 1 I II I I II II I Tuesday, Thursday, Saturday and Sunday. I M II I II Leaving Changi Airport at 22:05 1 -L V>/JL hours and arriving Heathrow early the following morning. Call your Travel Agent or102 words
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Advertisement34 1987-05-26 5 o KUALA LUMPUR SINGAPORE H t AIRLANKAI^ A taste of Paradise For reservations contact your Travel Agent or Air Lanka. *02 00/B PIL Building, 140 Cecil Street, Singapore 0106. Tel: 223 6026/7, 225 723334 words
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Page 6 Advertisements
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Advertisement325 1987-05-26 6 We are proud to be the most active firm in trading Nikkei Futures since its opening. Month End Open Interest (Nikkei) Singapore International Monetary Exchange w i f r Uf f HP* -4 I' J P J* af iJ m >1 w X iW» :f irrFin*: en IT s ft;325 words
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BANKING AND FINANCE
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Article903 1987-05-26 7 SINGAPORE: The US dollar closed slightly firmer against the yen but mixed against major European currencies yesterday. after quiet and featureless trading. Dealers said that the dollar s marginal late rise against the yen reflected some buying interest by Japanese institutions, while the yen was depressed slightly by903 words
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Article, Illustration182 1987-05-26 7 Indicate* the average of the prime lending ratee of 12 major banks in Singapore Interbank market rates (offer/bid) on May 25 us$ DM SWFC Y«n 7 doys 7-67/1 3/i i/« 3 3/4 5/t 7 1/2 1/4 4 7/16 5/16 1 m* 7 1/1-7 9/16 7/16 3 3/4182 words
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Article92 1987-05-26 7 THE OVERNIGHT rate on the Singapore interbank market closed 3% points lower at per cent yesterday. The one-month rate shed point. Two and three months closed unchanged. SS Interbonk rates at 7pm yesterday: cm* no Ownigh» 1/8 0 1-north 5 4 3/4 2-north 5 4 3/4 3-month 392 words
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Article258 1987-05-26 7 Asian market ASIAN DOLLAR deposit rates closed steady at opening levels yesterday in quiet trading. Period rates weakened between 1/16 and 3/16 point at the outset. Thereafter rates were unchanged. One month closed at 7-1/4 7-1/8 per cent, three months at 7-9/16 7-7/16, six months at 7-7/8 7-3/4 and one258 words
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Article49 1987-05-26 7 Treasury bills (most r«c«i nt Issum) Issue code Maturity Yesterday's yield WD OfFER BQ ***** W 13.8.87 2.75 2.70 Singapore government bonds Issue Coupon Maturity Indicative Yield code rate closing (offered price rate) N*****0H 5.375 15.5.1992 100.805.17 100.90 N*****0Z 3.500 1.6.1989 99.653.63 99.75 Source: DBS Bank49 words
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Article524 1987-05-26 7 SEPTEMBER Eurodollar opened sharply higher from Friday's gains on short covering at 91 82 in Singapore yesterday. Trading was dull and sluggish for the greater part of the session. The September contract closed 19 ticks higher at the day's high of 91.88. June US Treasury bond opened 29 ticks524 words
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Article, Illustration471 1987-05-26 7 AP FEDERAL RESERVE chairman Paul Volcker, whose chances of being reappointed head of the US central bank once looked slim, is now the favourite for the job, private economists in Washington believe. In fact, many close Fed observers think the announcementAP - 471 words
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276 1987-05-26 7 AFP THE dramatic fall of the dollar since September 1985 reflects the currency's long-term tendency to decline, which has been masked by President Ronald Reagan's economic policies, Japan's Mitsui Bank has said. "Fundamentals of the US economy are on the declineAFP - 276 words
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Page 7 Advertisements
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Advertisement120 1987-05-26 7 got the name for car rental in Britain SWOODS from: £63 per wk CAR RENTAL Unlimited mileage inclusive VAT Over 20 year's experience Fleet size 1,000 vehicles, all less than one-year old Best service at competitive prices Also available self-drive holidays (car hotels) in UK. ANGLO FRENCH TRAVEL SCENIC TRAVEL120 words
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Advertisement189 1987-05-26 7 V%^> MVS d°f *22 >r Los Angeles every morning Korean Air flies non-stop from Seoul to Los Angeles every single day. And we arrive at 10:30 every morning. So you'll get there in time to put in a full business day. Plus, every Tuesday, Thursday and Sunday, we have another189 words
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FEATURES
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Article515 1987-05-26 8 THE MOOD today is gratifyingly different from the gloom of yesteryear. Statistics released in the First Quarter 1987 Economic Survey lend support to the growing cheerfulness which is replacing the uncertainty that had the business sector in its grip not so long ago. Not only515 words
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Article, Illustration1286 1987-05-26 8 FOO CHOY PENG - Push for more robust economic and trade ties Ministerial exchanges between China and Singapore have been frequent since Mr S Rajaratnam's "ice-breaking" trip in 1975. Singapore's senior leaders, including the Prime Minister, have taken advantage of that historic event to push for more robust1,286 words
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Page 8 Advertisements
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Advertisement177 1987-05-26 8 One word that means a great deal in anyone's language: Hertz. Travelling overseas? Then book your Hertz car before you go, to get our special Affordable rate. It's so low, that in many cases it's not even available to the people who live there. Yet, you'll still enjoy the service,177 words
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Advertisement74 1987-05-26 8 Business FROM PIGTAILS I BbtfJßUmai s:^ci k including mm MRT World Paper \'6 page* of penetrating v>e«»s abou' *o' d M |ffends and Pvpnt^^ $4 A MONTHLY JOURNAL OF BUSINESS TRENDS Breathing new life into the Chinese Chamber All eyes on the MRT State-of-the-art banking Am I my client's keeper?74 words
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Page 8 Miscellaneous
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Miscellaneous674 1987-05-26 8 HEAP PVNDTROTUJOOD 9 th is ve. TT££ FRom gum u Faroes roe CoPy of is p\ OF iweCTive.LxxjpvßDS W*D TO r H e Potior, evesy (PICKJGSSQUE. sPeecH' INSULT IS fiOntD TO FfcßF££TiON V 1 Tee Hee' this &ODG.S ill For my OPflDNieMr ©Evening Standard Co ltd 194J1957 mmm®) CRYPTIC PUZZLE674 words
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SPORTS
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311 1987-05-26 9 AFP JOHN McENROE. fined U554,500 following his latest outburst in Dusseldorf on Sunday, will learn this week if he is to face further stiff punishment. Czechoslovakia won the decisive doubles to clinch the World Team Cup 2-1 at the expense of the UnitedAFP - 311 words
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Article166 1987-05-26 9 AFP CHRIS EVERT, the top seed, won the US$lOO,OOO at the European' Open Women's Tennis tournament in Geneva on Sunday but was kept on court for three sets by Bulgaria's Manuela Maleeva. Evert, 32, triumphed 6-3, 4-6, 6-2 for her fourth win of the year andAFP - 166 words
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Article, Illustration401 1987-05-26 9 Reuter DRENCHED with sweat and choking with emotion, Denmark's Morten Frost was the picture of sadness as he walked slowly towards his wife after losing the men's singles final at the World Badminton Championships. The man regarded as theReuter - 401 words
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Article418 1987-05-26 9 WALTON MORAIS - By WALTON MORAIS CANADA'S Andrew Sznajder is the highest world ranked player in the U5512,500 Pro Kennex/Bonds Asian Satellite Circuit tennis championship to be held at the Singapore Tennis Centre on June 8-14. The Canadian enters the Singapore leg of the US$5O,OOO four-leg circuit with418 words
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327 1987-05-26 9 Reuter BERNHARD LANGER and Sewy Ballesteros turned the British PGA championship into the twoman race it had threatened to become by shooting matching four-under-par third rounds of 68 on Sunday. Langer still leads the tournament in Wentworth by two shots as he has afterReuter - 327 words
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330 1987-05-26 9 AP CHI CHI Rodriguez shot a 3-un-der-par 69 in Oklahoma City on Sunday to win his third consecutive PGA senior tour title, capturing the U*****,000 Silver Pages Classic by three strokes. Rodriguez, who entered the final round with a four-stroke lead over Bruce Crampton andAP - 330 words
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456 1987-05-26 9 AP AL UNSER came out of nowhere on Sunday to win a record-tying fourth Indianapolis 500 in a dramatic finish that saw both Mario Andretti and Roberto Guerrero lose seemingly unbeatable leads in the final 60 miles. Unser, who beganAP - 456 words
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Article208 1987-05-26 9 UPI JAMES WORTHY struck for a career playoff-high 39 points and Michael Cooper contributed a blocked shot and 2 foul shots in the final minute last Saturday to spark the Los Angeles Lakers to a 3-0 lead in the Western Conference final with a 122-121 victoryUPI - 208 words
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Page 9 Advertisements
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Advertisement115 1987-05-26 9 MIZUNO. THE WORLD'S BIGGEST SELLING GOLF CWBS i.«V CHAMPION FLAG MF Emphasis on ease of play and good directional control. For woods, the heads are crafted from solid maple wood and the irons are cast in mild stainless steel. Available in graphite shaft Techno- Flex 5755 and light steel shaft115 words
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Page 9 Miscellaneous
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Miscellaneous1220 1987-05-26 9 TO QHDIMDVD mm m TUESDAY PREMIERE The Two Worlds ol Jenny Logan 10.30pm, Channel 5 Lindsay Wagner (left) portrays Jenny Logan, a woman caught between the past and the present. When her husband buys her a Victorian mansion, she discovers an antique dress which transports her to the 19th century.1,220 words
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Page 10 Advertisements
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Advertisement112 1987-05-26 10 ADVERTISEMENT Good ideas keep coming up TECH NOVATION: fc •>*•2 Technology ana innovaboii in business 4 4 ,*<■• sN*') SiMMT'SS?** f? r ***> h* «£$Kk V* 4r* 4 PUM M rn «W?bs i «r? >*** i** ntmHb Vr. m I 9 I I 1 f> ■TO*** v *9t ■v\ F112 words
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Page 11 Advertisements
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Advertisement1471 1987-05-26 11 -^VSWIfclci "*> •K •> i mq 1 «3Sc V £> •m* r «W"^»,y, < II spa »i'WV» •V ?Sharp aims to make computers think like humane as much as possible activities, including testing of materials, components, and finished products, with the aim of assuring the highest product quality possible. The1,471 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration1201 1987-05-26 12 Interest rate trend expected to set the tone NYT THE SUMMER SEASON is coming to Wall Street, and post-Me-morial Day thoughts are turning to holidays, tennis, the beach, swimming pools, and the inevitable stock market rally The inevitable stock market rally? ThereNYT - 1,201 words
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Page 12 Advertisements
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Advertisement325 1987-05-26 12 Treat yourself to something totally different. A taste of Thai. There's sumptuous seafood you can select at a self service counter. Or a wide variety of temptingly exotic Thai dishes from the menu. We 've built our reputation on excellent food and charming service in the true Thai tradition of325 words
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Advertisement102 1987-05-26 12 ALL YOU WANT X A L t 3V *,>». $12 per person Ai Lunch: 12 e. fl 1 friil 14 Udd 181, Kitchener Road, Singapore 0820. Tel: *****22 55 vV &7 jjjufl SUPER-VALUE SEMINAR PACKAGE For $$20 nett per person per day, all these complimentaries: Seminar Rooms, beautifully arranged Vs102 words
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Advertisement79 1987-05-26 12 OT SHOKADO HSMSAT 4U«tn 12 different sets of Japanese lunches priced from $10++ to $20+ per set Lunch: 12 Noon 2.30 pm Dinner: 6.30 pm -10.30 pm BfiFURAMA "IP SINGAPORE HOTEL 10 Eu Tong sen Street Singapore 0105 Tel: 533 3888 novotel orcnva Hifi pt&ertb i 'iipM /J •V^ Chef79 words
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Advertisement171 1987-05-26 12 K II That's how we count at The Lounge during our Happy Hours from 5 pm to 7 pm daily. When a guest has had two similar drinks, the third is free And every night at 8 pm except Sundays. The Melody Band from the Philippines entertains in their inimitable171 words
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ASIAN STOCKS
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Article401 1987-05-26 13 HONGKONG: Prices closed sharply higher yesterday on fairly heavy buying which centred on Cheung Kong and associate Hutchison Whampoa. The Hang Seng Index gained 28.48 points to 2,926.10, close to the record high of 2,939.05 set on March 3. The Hong Kong Index rose 14.96 to 1,884.59. Turnover was401 words
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Article256 1987-05-26 13 MAY 28 All Sincara Indus NT 4 88 fr 0 18 2.4 7 7.5 5 2.1 0 5 2.2 Kuochsn Dav Las Chang Yuan Cham Indus 36 70 42 60 2.2 19 C«m«y Cons Chang Hwa Bank. 78.00 80 00 Llan Hwa Indua Nan Ya Pias Pscific Cons 29256 words
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Article410 1987-05-26 13 TOKYO: Share prices closed firmer overall yesterday in very thin trading on buying encouraged by recent steadiness of the yen/dollar exchange rate and the market index's 1,113.12-point rise in the previous three sessions. The market index gained 50.05 to close at 24,582.77. On Saturday the index rose 376.01. Advances410 words
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Article89 1987-05-26 13 MAY 28 PESOS b Acoje Mining Anglo Ptiil Apex Mining B 0.0075 0 0550 -0X15 -***** 4.5 Philex B 0 52 -0 02 Picop B Basic Petroleum Benguet Con. B First Phil Hldgs 0.013 155 7 80 -0 001 -15 uncti PLOT San Miguel B Seatront 425 142 089 words
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Article433 1987-05-26 13 SYDNEY: Australian share markets closed sharply weaker yesterday as buyers were sidelined due to yesterday's market holidays on Wall Street and London stock markets. The highlight of the day's trad- ing was heavy selling in Hartogen shares after news that tests in its Sentry Bank site in the Philippines433 words
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Article115 1987-05-26 13 MAY 24 WON 4 Kal 1470 32 CheH Sugar ***** -250 Kangwon lr><3 ***** -1X Kia Motor ***** 6262 Daewoo Corp 1163 >66 Koton lr»d ***** -6X Daewoo Heavy ***** -650 Korea Long Term 2410 110 Daithm Securities 3950 -63 Lucky Ltd 1500 ♦44 Dong Ah Pilar ***** 100115 words
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Article134 1987-05-26 13 Reuter BANGKOK: The Securities Exchange of Thailand Index rose 3.07 to 269.02 on a turnover of 2,302,841 shares worth 513.5 million baht. MAY IS BAHT Saha Union 264 12 Ao Kh«m Thai Siam Camant 1003 6 Ayudhya Invaatmant 314 4 Siam City 926 Bangkok Aground ioe 1 Camant SiamReuter - 134 words
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Article78 1987-05-26 13 Reuter THE SECURITIES Exchange of Thailand suspended Mahboonkrong Drying and Silo Co Ltd after the company failed to announce sufficient information on its restructured financial position. SET said it suspended trading in Mahboonkrong shares beginning yesterday to protect public interest because the property development company had not informedReuter - 78 words
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596 1987-05-26 13 AFP JAPAN'S giant trading houses, long known for their high-pitched sales of everything from missiles to instant noodles, are looking for alternatives to survive business slumps. The nine biggest traders last week reported that a stronger yen and weaker commodity prices cut their combined salesAFP - 596 words
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182 1987-05-26 13 Reuter MATSUSHITA Electric Industrial Co and Beijing City have signed a contract for a joint venture to produce colour television picture tubes. The New China News Agency said the two sides will each have a 50 per cent share of the venture'sReuter - 182 words
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109 1987-05-26 13 Reuter EIGHTY-TWO South Korean companies with bank loans of 50 billion won or more will have to raise a total of 1,005.2 billion won through Seoul's capital markets this year to repay 10 per cent of their loans, finance ministry officials said.Reuter - 109 words
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Page 13 Advertisements
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Advertisement173 1987-05-26 13 I mwwmxWdmnWm Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Cado. Sate (Satay), spicy Rendangs. Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine is only half the experience. The other half is just being there. I KINTA-MANI173 words
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Advertisement128 1987-05-26 13 Claim your T-Bone Steak for only $19.50. From now till 31 May, we are offering for dinner T-Bone steak chosen from the best Prime US Beef Grilled to perfection, your T-Bone steak will be accompanied by Idaho potatoes and a green salad. Unbeatable value at only $19.50, just for the128 words
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Advertisement85 1987-05-26 13 bran* >ur>t Hotel m From May 15 to 31 Lunch or Dinner 512.50++ for Adults S B.oo for Children under 12 HIGH TEA $7.00* Available daily from Ijßj 3.00pm to6.oopm J SH Level 4, Paramount Hotel Marine Parade Road. Tel: *****77 LOCAL FOO t P >1 A ■Y l> V85 words
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Advertisement155 1987-05-26 13 DELICIOZO HYAn Mama Mia! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad155 words
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Advertisement166 1987-05-26 13 Peking A Sichuan Restaurant >■ HOKKIEN-PORRIDGE /ai Choose from more than 20 appetizing dishes. Eat all you can for only aw $7 00++ Dinner/Supper Time: 7pm k* ACT 10% service charge 4 3% government tax not Included. SSK"" V V >9 Cairnhill Circle, Singapore 0922 Tel *****98. *****22 ext 141/144166 words
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COMMODITIES
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516 1987-05-26 14 Reuter LONDON'S quaint commodities trading markets take a leap into the high-tech age this week. The coffee, cocoa and sugar futures markets of the London Commodity Exchange (LCE) shift business today from genteel and secluded premises in London's "City" financial district where theyReuter - 516 words
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171 1987-05-26 14 Reuter THE CURRENT twice-daily fixing of platinum is to be replaced in the near future, Ayrton Metals Ltd managing director Brian Nathan has said. The parties of the London/Zurich Good Delivery Agreement, which has existed since 1979 and has formed the basis of EuropeanReuter - 171 words
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Article88 1987-05-26 14 EAST ASIAN oil products were quiet and stable, partly because European and US markets were closed. Naphtha was quiet after active end-user covering last Friday. LSWR showed a weak undertone as ample supplies were seen ex-In-donesia for June. Crude (FOB origin) USt/barr*< Oiong* Duboi (Jut?) 17.15 +0.0288 words
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Article267 1987-05-26 14 Crude palm oil futuraa closed slightly easier in thin trading on the KLCE yesterday. The continued lack of fresh developments saw the market traded on a cautious note. June was Ms 2 lower at Ms73l. Both July and August finished at M 5729. down MsB and Ms 7.267 words
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Article285 1987-05-26 14 HONGKONG: Gold yesterday closed steady near the day's high in fairly quiet trading in the absence of fresh incentives. The closure of the London and New York markets contributed to the quiet tone, while the strength of the dollar also dampened interest. The metal ended at U*****.40/90 an285 words
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Article145 1987-05-26 14 THE PRICE Of TIN eased four cents from last Friday's dose to M 516.69 per kilo on persistent selling. Dealers said that heavy offerings at 144 tonnes on accumulation over the weekend pushed tt># market down to M 516.68 while bidding demand was noted lor 30 tonnes only.145 words
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Article237 1987-05-26 14 Chinese Produce No 2 (smolBioidors) 62.00 Exchange Palm kernel SoNon' noon doting prices on (ox-mills M$/toraw) May 25 (SS/100 kg) Bwyor/SoBor 430.00/440.00 Coconut oil Palm kernel oil tuft FOB 88.00 (FOB M$/100k«) Old drum FOB 98.00 ki bufc (local) 79.00 Now drum FOB 62.00 Cocoa Copra (FOB MS/tonno)237 words
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Article77 1987-05-26 14 (cants/kg, 1-ton poNan) JUNE 87 JULY 87 (currant month) (forward month) RAS NOON NOON Svytn lvy«n SeWea SS* 20 180.00 182.00N 180.00 182.00N SSI 50 ***** 180.00N 179.00 180.00N r. dl:fl gg— > Sdten SAM CV 247 00 249.00N 248.00 250.00N SMI L 245 50 247JON 246-5077 words
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Article104 1987-05-26 14 SINGAPORE The market closed lower yesterday with June 1 RSS buyers quoted at 207.50 cents/kilo, down 0.50. June and July TSR-20 closed unchanged. MALAYSIA The market closed at 238.00 for June Int ones RSS buyer, down a cent. The Inro daily market indicator price for May 22 was 207.40104 words
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Article308 1987-05-26 14 RAS prices In S cmMb, FOB In bata B NOON CLOSE Buyers Buyers Seders Int 1 RSS Prompt 208.00 209.00N 209JO 210 JON Inf 1 RSS June 87 206.50 207JO 207JO 208JO Int 1 RSS July 202.00 202.50 203J0 203.75 Int 2 RSS Of 193.50 195 JON308 words
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Page 14 Advertisements
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Advertisement1190 1987-05-26 14 BALANCE SHEET 31 DECEMBER Note 19 Capital employed: SHARE CAPITAL Authorised -16,000,000 ordinary shares of Ssl each Issued and fully paid -16,000,000 ordinary shares of Ssl each SHARE PREMIUM ACCOUNT RESERVES Reserve fund Profit and loss account TOTAL CAPITAL AND RESERVES Employment of capital: FIXED ASSETS LONG TERM DEBTORS AMOUNTS1,190 words
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SHARE INFORMATION
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Article, Illustration4223 1987-05-26 15 AFTER A DAY of alternating bouts of profit-taking and buying, the market closed mixed yesterday. The Straits Times Industrial Index eased 1.93 points to 1,204.11 and the BT Composite Index gained 0.38 point to 1,067.30. Volume remained heavy at 63.64,223 words
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Article256 1987-05-26 15 SINGAPORE Rises Indices May 25 Crodk Moy 22 H Uong 438 34 8T Compotft* 1066.92 *****0 Tronamor 3D td SO* 434 20 ST OS/OS 258 298 Hit toil II King, 128 20 it cadi -5840 -5820 212 18 IT 10-day MA -5919 -5889 IGI Corpn 50* 186256 words
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Article4303 1987-05-26 15 SECTION ONE MDUSTRIAL A COMMERCIAL Acuta (I 78 6 I 80 SI (7) 1.71 110 l 1 72 (291 1 74 111 I 73 1531 1.75 1131 1 78 115) 1.77 (121 I 76 111 I 79 180 179 lIS 1.78 (2) 1.81 ***** 1.804,303 words
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Page 15 Advertisements
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Advertisement16 1987-05-26 15 See Page 16 KL market report, Business done on the KLSE, Page 16 TECHNOLOGY EVERY FRIDAY16 words
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COMPANY NEWS
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Article, Illustration1511 1987-05-26 16 New chief executive helping in recovery from Guinness crisis NYT "lT'S A HELL of a good business that happened to have a couple of nasty setbacks recently," said John Craven, referring to Morgan Qrenfell Group PLC. the British merchant bank thatNYT - 1,511 words
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Article2925 1987-05-26 16 INDUSTRIALS >cno <***** ***** 3565) »d Mm Hldg I —l Alcom 1906 925» 111 93 C7» 92 II) 91 AS» *****1 1591 136 C 331 137 13) 136 (3) 140 (39 139 AP***** 9IS) 16) 91 M) 89 (I) 89 5 12 90-5 (291 902,925 words
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Article110 1987-05-26 16 HONGKONG Hongkong Index Monday 1864 59 Friday *****3 Week ogo *****2 Hang Seng Index Monday 2926 10 Friday 2097 62 Week 090 *****5 All Industrials Monday ***** Fridoy ***** Week ago 2584.5 NEW YORK Dow Jones Friday *****0 Thursday 2225.77 Week ogo *****2 TOKYO Nikkei Average Monday *****77110 words
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Article253 1987-05-26 16 Managers' prices M^RA-Bumiputra 655 for May 26 Singapore Unit Trv Pint B'putro 650 St Second B'putro Third B'putro 5J0 4.74 5.fS 4.7» The CoiMfii 1 09 1 16* 101 four* B'putro 541 446 The Savings Fund 0 *5 Fifth B'putro 151 356 Spore frog fund 0 46 050253 words
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Article172 1987-05-26 16 HAW PAR BROTHERS INTERNATIONAL Limited: 18th AGM in the Board Room, United Overseas Bank Ltd. 30th Floor. UOB Building. No. 1 Bonham Street, Singapore 0104, today at noon. SEMBAWANG SHIPYARD Limited: 18th AGM at the Shipyard, Admiralty Road East, Sembawang, Singapore 2775. today at 9,30am ANA HOTELS SINGAPORE172 words
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405 1987-05-26 16 SOME SUPPORT returned to the Kuala Lumpur stock market yesterday, with share prices dosing mixed to steadier. Trading was especially active in property counters, which saw moderate gains. Selected situational stocks also attracted interest to end the day with hefty advances. Cases in point405 words
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Page 16 Advertisements
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Advertisement89 1987-05-26 16 AUSTRALIA Real Estate Investment Queensland South East Coast One off opportunity to purchase 50 prime Va acre (1000 square metre) fully serviced allotments and acre motel sites within the confines of the largest freehold residential development on the South East Pacific Ocean Coast. Currently highest population growth region in Queensland89 words
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Advertisement175 1987-05-26 16 PHEW TAK ENGINEERING PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306(1) of the Companies Act, (Chapter 50) a final general meeting of the abovenamed Company will be held on Friday, the 26th day of June 1987 at 11.00 a.m. at175 words
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Advertisement249 1987-05-26 16 NOTICES mm BORREAL TRADING PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held at 36 Robinson Road #17-00 City House, Singapore 0106 on the 21 May 1967 the following special resolution was duly passed: "That the Company be wound up voluntarily and249 words
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Advertisement242 1987-05-26 16 KORARIS ENTERPRISES PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held at 36 Robinson Road #17-00 City Houss, Singapore 0106 on the 21 May IM7 the following special resolution was duly passed: "That the Company be wound up voluntarily and that Messrs242 words
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Advertisement284 1987-05-26 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF IN CORPORATION PTE LTD (Incorporated in the Republic of Singapore) Members Voluntary Winding Up At an Extra-Ordinary General Meeting of the Members of the abovenamed Company duly convened and held at S3 Telok Blangah Road #04-06284 words
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COMPANY NEWS
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Article, Illustration641 1987-05-26 17 was mm™ HOCK LOCK SIEW PAN-ELECTRIC shareholders who have been mourning the loss of their company since it collapsed at the end of 1985 with the shares stranded at $1.46 have the opportunity of recouping much of their losses with Sembawang Maritime. Application for the 45HOCK LOCK SIEW - 641 words
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179 1987-05-26 17 MALAYA Tin Printing Co Ltd (MTP) has formally signed a debt restructuring agreement with its bank creditors, details of which will be circulated among shareholders in due course. The shares of MTP, whose restructuring efforts have been progressing alongside Van der Horst's, had179 words
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502 1987-05-26 17 AMY BALAN - By AMY BALAN THE RECENT CONVERSION by Temasek Holdings of its Neptune Orient Lines warrants into 28 million shares has resulted in an injection of $78.4 million cash into the national shipping line, besides turning in a tidy profit of $16 million for the502 words
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283 1987-05-26 17 Bernama "NECESSARY ACTION" may be taken against companies whose profits deviate by more than 10 per cent from their forecasts, said the Malaysian Capital Issues Committee yesterday. CIC chairman Datuk Jaffar Hussein added in a set of new guidelines for the new issueBernama - 283 words
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Article88 1987-05-26 17 GENTMG BHD said Genting International Ltd (GIL) has appointed Sun Hung Kai International Ltd to advise GIL directors on its proposed listing on the Stock Exchange of Hongkong. GIL is currently preparing the prospectus and formal applications for submission to the relevant authorities. Pending the successful outcome of88 words
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Article, Illustration435 1987-05-26 17 HOMER CHEN - By HOMER CHEN HWA HONG Corporation Ltd, Resources Development Corporation and China Non-Ferrous Metal Industry's Foreign Engineering Construction Corporation (NFC) have teamed up to tender for an $800 million expressway project that will link Beijing to the port of Tanggu through Tianjin. The435 words
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Page 17 Advertisements
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Advertisement312 1987-05-26 17 mmmmm IBP- 3 3?*' I'lnlr < v, 5c4& i 1 Svi-MFfffi.-w*' '<@ v ".-c*: ESTABLISH LETTERS OF CREDIT IN MINUTES mwM m '*i 3 EM. fafc AND YOU WON'T HAVE TO WORK ALL HOURS. In a world where time is money, you will find Standard Chartered's INTERLINK Electronic Banking Services312 words
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LATE FILE
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Article56 1987-05-26 18 Reuter AUSTRALIA'S real Gross Domestic Product growth in fiscal 1986/87 ending June is now expected to be about 1.75 per cent, Treasurer Paul Keating has said. This is below both the Treasury forecast of 2.25 per cent issued with the 1986/87 Budget last August and 1985/86Reuter - 56 words
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Article40 1987-05-26 18 Reuter FIJI'S Governor-General Ratu Sir Penaia Ganilau formally granted amnesty yesterday to Lieutenant-Colonel Sitiveni Rabuka and the troops who had staged this month's military coup. Supporters of the ousted government prepared for a protest strike. ReuterReuter - 40 words
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Article42 1987-05-26 18 Reuter BUSINESS ground to a halt yesterday in Bombay and surrounding Maharashtra state as businessmen went on strike against a government transport tax. Markets were empty, factories silent and roads clear of commercial traffic throughout the State. ReuterReuter - 42 words
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Article51 1987-05-26 18 Reuter INDONESIA has asked the US to relaunch a satellite recovered from a wrong orbit during a shuttle space walk three years ago, Indonesian Foreign Minister Mochtar Kusumaatmadja said in Jakarta yesterday after returning from talks with US Secretary of State George Shultz in Washington.Reuter - 51 words
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Article37 1987-05-26 18 AP CLUB-WIELDING Philippine riot police fired water cannon and tear gas yesterday to disperse hundreds of rightists massed between two military camps after a rally against President Corazon Aquino for alleged election fraud. APAP - 37 words
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Article35 1987-05-26 18 AFP SOVIET leader Mikhail Gorbachev arrived in Bucharest yesterday for a two-day official visit to Romania, which has held out most stubbornly against following the Soviet iead in implementing economic reforms. AFPAFP - 35 words
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Article, Illustration541 1987-05-26 18 MARGARET THOMAS - Occasional press-government tension normal, says Finnish PM By MARGARET THOMAS THE 40th World Congress of Newspaper Publishers, at which Trade and Industry Minister Brig-adier-General Lee Hsien Loong is to defend Singapore's recent action against two American publications, opened yesterday with the Finnish Prime541 words
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75 1987-05-26 18 Reuter JAPAN has told ambassadors from Asean countries that it will not take action on commercial ties between Japanese companies and Vietnam. Kimio Fujita, director-general of the foreign ministry's Asian Affairs Bureau, said in Tokyo last week that his country will maintain itsReuter - 75 words
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237 1987-05-26 18 Bernama ES AFP MALAYSIA will soon launch tin futures trading on the Kuala Lumpur Commodity Exchange, Primary Industries Minister Datuk Dr Lim Keng Yaik said yesterday. He said that he had told the KLCE to go ahead with plans to introduceBernama ES; AFP - 237 words
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216 1987-05-26 18 AFP THERE HAS BEEN an "important change in mood and tone" on a possible settlement in Cambodia, due mainly to new Soviet willingness to discuss the issue, said Australian Foreign Minister Bill Hayden. "My conclusion is that there is increasing evidence that theAFP - 216 words
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572 1987-05-26 18 LUCY NG - By LUCY NG AN INQUIRY into the Teh Cheang Wan affair was adjourned yesterday to Aug 18, after some lengthy arguments about access to government files. Mr Chiam See Tong, who was to lead evidence, said he was not prepared to572 words
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384 1987-05-26 18 MR CHIAM SEE TONG's list of 15 requests is as follows: 1) a detail with power to subpoena witnesses; 2) an experienced secretary to help in correspondence and compiling of documents and other papers; 3) remuneration for five professionals, three of whom shall384 words
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449 1987-05-26 18 AFP TOP POLITICIANS in Malaysia and Brunei yesterday urged their governments to censure the Far Eastern Economic Review for publishing an allegedly false report that Kuala Lumpur planned to sell part of Sarawak to the Sultanate. Malaysian Defence Minister TengkuAFP - 449 words
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Page 18 Advertisements
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Advertisement127 1987-05-26 18 G.l.A.Certified Diamonds for the discerning investor Only buy diamonds for investment with a GIA grading certificate. The Gemoiogica] Institute of America is the most reliable. You can always sell a diamond for a full value if you have a GIA certificate, which grades it. In this writer's view, quality one-half127 words
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Advertisement763 1987-05-26 18 (1) Systematic Layout Planning Singapore, July 22 24,1987 Objective Proper plant layout and integrated materials handling can mean the difference between a profitable operation and a costly one. You will go away from this intensive 3-day seminar with a practical working knowledge of SLP which will enable you to get763 words
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Page 18 Miscellaneous
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Miscellaneous54 1987-05-26 18 mm Outlook: Showors ovor aavaral araas In tha late morning and allamoon Raport for 24 houra prior to 7.30pm on May 25 at tha airport Maximum tomparatura 31.0 Aaaodatod humidity 75 Minimum tomparatura 25J2 Aaaodatod humhttty 90 Houra of aunahina 0.35 Rainfall In mlllimatraa 5.5 Rainfall thia month 241.0 Rainy54 words
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SHIPPING TIMES
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489 1987-05-26 19 G DURAIRAJ - By G DURAIRAJ KAWASAKI KISEN Kaisha is likely to drop Port Klang and Penang from its list of direct port calls in its Straits/Taiwan/Japan/Guam service. The move is understood to 1)6 a rat ona,isat on P |a by "K"489 words
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231 1987-05-26 19 AFP SEOUL TRUST BANK president Koo Ki-Hwan has been sacked over a financial scandal involving South Korea's top shipping firm. Pan Ocean, a bank director said. Seoul Trust was the biggest creditor of Pan Ocean, for which Mr Koo told a boardAFP - 231 words
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PORTSIDES
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Article99 1987-05-26 19 Reuter AUSTRALIAN-BASED Multinational transport group, TNT Ltd, has entered a definitive agreement to acquire Red Star Express Lines of Auburn, Inc of Newark, New Jersey, for an undisclosed sum. Red Star, a freight carrier with annual revenue of US$l2O million, has 38 terminalsReuter - 99 words
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Article75 1987-05-26 19 AFP A HONGKONG ferry collided with a pier on Sunday, slightly injuring 11 people, a company spokesman said. The Hongkong and Yaumati Company vessel hit the dock at Kwuntong, on the Kowloon side of the harbour. The spokesman said the vessel was not badly damaged.AFP - 75 words
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Article65 1987-05-26 19 BRITISH officials have inaugurated their controversial detention centre for illegal immigrants, the former car-ferry Earl Williams, by placing 16 Asians aboard the vessel. The Earl Williams is moored off the port of Harwich, north east of London. The government's decision to use it as a floating65 words
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74 1987-05-26 19 IT WILL COST about U*****,000 to repair the Okrika oil products jetty in Port Harcourt, damaged last week by a foreign tanker, according to the Nigerian National Petroleum Corporation (NNPC). The Japan Gasoline Corporation and Spie Batignoles of France have started repair work, expected74 words
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Article118 1987-05-26 19 Reuter THE JAPAN/lndia-Pakistan-Gulf/Japan Conference has adjusted its extra risk insurance surcharge (Eris) on all shipments to Gulf ports. The Eris for non-Iranian/non-Iraqi Gulf ports covered by the existing temporarily reduced commodities box rate (TR CBR) and temporarily reduced less-than-con-tainer-load rate (TR LCLR) will be cut to 2Reuter - 118 words
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559 1987-05-26 20 AFP A NORWEGIAN government 'delegation will tour Gulf oil producing countries shortly for talks on violations of the United Nations embargo on oil supplies to South Africa, Norwegian officials disclosed at the weekend. They said the mission would alspAFP - 559 words
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345 1987-05-26 20 Reuter WORK has resumed at key installations at Kuwait's main oil and gas export complex which were shut down after a huge fire erupted on Friday night. Kuwait said on Sunday it had controlled the blaze which broke out at a highly-volatileReuter - 345 words
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175 1987-05-26 20 UPI FIRES sparked by an Iraqi attack against the USS Stark destroyed ship records, hampering investigators trying to find out why the frigate failed to defend itself, says a US Senator leading the first of several fact-finding missions. Senator Jim Sasser, Demo-crat-Tennessee. said on SundayUPI - 175 words
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582 1987-05-26 20 Reuter DEFENCE SECRETARY Caspar Weinberger said more war ships and aircraft might be needed in the Gulf to protect Western interests there. "We believe the objective of keeping shipping open and keeping access to the oil fields open, not only forReuter - 582 words
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Article635 1987-05-26 20 AB Shpg V ABC Contain®' vm Accord Shpg VI Africa Ocean X Alltrons VII Anro Service IV ANl 1 APC line V API M ASCI III Bolt-Canada line VII Bolt-Orient line VII Bonk line V BBS II Boy of Bengal VIII Ben line Cont V Ben Ocean635 words
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207 1987-05-26 20 Seatrade Week THE US Maritime Administration announced the replacement of the designated set ot trade routes on which operating subsidies are based with a new group of trade areas The 50-year old 18 port-to-port routes will be redefined intoSeatrade Week - 207 words
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Article1128 1987-05-26 20 THE APPROACH of the holiday weekend caused interest in the London shipping freights market to decline on Friday. Only in the grain sector was any amount of business transacted. From Thunder Bay to Antwerp, Richardson paid U5517.50 for 16,500 tons of grain with the option of discharge in1,128 words
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Article173 1987-05-26 21 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line AustraliayStraits Container Line173 words
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170 1987-05-26 21 THE NUMBER of industrial disputes at registered British ports fell to a 20-year low last year, the UK National Dock Labour Board said. There were 28 disputes in the financial year ending Dec 27, 1986, compared with 43 in the previous period. But the170 words
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454 1987-05-26 21 Lloyd's List Fairplay EVERGREEN chairman Mr Y F Chang has blamed banks for the over-tonnaging crisis in shipping. In a spirited response to accusations by a leading London banker that Evergreen's plans to build a shipyard in Taiwan are irresponsible, Mr Chang hasLloyd's List; Fairplay - 454 words
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252 1987-05-26 21 WILH WILHELMSEN Ltd A/S, a major Norwegian shipping and offshore group, has completed a restructuring of the group's US$4OO million debt. Wilhelmsen's announcement represents the culmination of almost a year of discussions between the shipping group and its creditors, and places the company in252 words
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Article244 1987-05-26 21 AFP DEMAND for very large (VLCC) and ultra large crude carriers (ULCC) out of the Middle East Gulf continued apace during the past week, with consumers keen to replace stocks on a fairly stable oil market. Many vessels were booked on a confidential basis, but those reported displayedAFP - 244 words
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145 1987-05-26 21 THE UNITED STATES Department of Transportation has privatised its Computed Aided Operation Research Facility (CAORF) operated formerly by the Maritime Administration. Marine Safety International. subsidiary of Flight Safety International, has been selected to run the facility under a co-opera-tive agreement with the Department of145 words
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305 1987-05-26 21 Kingsley Wood - By Kingsley Wood AFTER MORE than 60 years of carrying its own steel around the coast in its own ships, BHP has given a large part of the task to the state rail systems. New South Wales, Western Australia and National305 words
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8690 1987-05-26 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of8,690 words
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Article595 1987-05-26 27 AT CONVENTIONAL WHARVES VmmI Arrival Dapartura KEPPEL WHARVES Bungo SeMwor K20 alongside 27 OSOXJO Bu* Ju oo oiongside 26 *****0 CS Ocean (.32 oiongside 29 05/1200 Co* tii oiongside 300S0600 Frances lor K27 alongside 2606/1200 Frotosontos K36 alongside 2606/1800 Gondo Goao KIO alongside 26 *****0 Globe Troder595 words
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Article927 1987-05-26 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Gdns FCL Arrival LCL movamant Ship Voy date/time Oparator cargo achadula Location Nan Prince 8S 26 0587 1900 Eogle Corp F5A 1000-1100 A8 Pegasus P 461N 26 0587 2130 Stroits Shpg F5A 1230-1330 G4 B Angsona 115 *****7 2300 Leo927 words
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Page 19 Advertisements
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Advertisement788 1987-05-26 19 How S.E. Asia upset the logical West HILARIOUS. TRAGIC. DANGEROUS. Available at all Good Bookshops STP Distributors 2 Vong *wt Aoeo \iu// Orient Oveiqias Cmtoitm Line NORTH AMfRICA ATLANTIC EXPRFSS (ROUND THf WORLD ROUTING) JARWNE SNIPPING AGENCIES (Rag. No. MMM/ 200 CMtoMRMt tod #12-05 Soutfipomt, Smpport 0201 Td 2ZUOII TELEX788 words
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Advertisement63 1987-05-26 19 NORWEGIAN government delegation will tour Golf oil producing countries shortly for talks on violations of the United Nations embargo on oil supplies to South Africa. Page II EVERGREEN chairman Mr Y F Chang has blamed banks for the over-tonnoging crisis in shipping. P«g« 111 Index to advertiser* II Shipping schedules63 words
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Advertisement1058 1987-05-26 19 BALT ORIENT LINE Baltic Shippinc Co Refubr Services from South East Asa to United Kingdom and vj ,JW K77, T"" r I £i" Agent: Singapore Soviet ShippingCo Pto Ltd Tel: *****33 n* MAERSK LINE BIN6APORE/U.S.A now calling direct at OAKLAND TNs week Artftuf M Ctoamg Tim* CY 27* 2300 MRS1,058 words
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Page 20 Advertisements
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Advertisement330 1987-05-26 20 JOJROPE/FAR EAST CONVENTIONAL SERVICE PT. Of LDG. DATES PT KL /iAN VENTURE I jmuidsn-Bremen Sailed In Pc JSCRATE S Lubeck-Hamburg SaiM 1/1 3P N Batic Port-Hamburg-Antwerp 2S-13/6 14/7 H* Antwarp 22-2S/S &f) -JW Bremen-Hamburg 72-9(7 29ft 9\B Wurther load/ discharging ports an route subject to sufficient inducement, k STnppore Offer330 words
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Advertisement17 1987-05-26 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.17 words
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Advertisement279 1987-05-26 20 3 SENATOR LINIE msHfp AGENCIES PTE. LTD M CARPENTER ST. «M4O S port MS TEL: 534-1477 FAX. 532-6023 OUTBOUND TO NORTH AMERICA ARRIVAL DATES INBOUND FROM EUROPE ACCEPTING CARGO TO SAN FRANCISCO, LOS ANGELES, SAVANNAH, TAMPA, CHARLESTON, BALTIMORE i NEW YORK. OTHER DEST PORTS ON REQUESTS. ASIAN SENATOR DUTCH SENATOR279 words
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Page 21 Advertisements
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Advertisement956 1987-05-26 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd I STRAITS SHIPPING Sinaaoora to Sabih. Sarawak Brunei Porte and Bangkok F&ocl^ P&O Containers Limited CONTAINERS** SERVICE TO UK/CONTHENT: rmn P.IUa"« S'tan Mtwf I'hrnn RMi UMi vis mi an am an am an m m a* am am am am St956 words
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Advertisement874 1987-05-26 21 CHARGEURS REUNIS r J" RMtom I'Maa Wmmm Gmh Triwtt C> KOM 3 JIM 4 Jun 9 Jw BJw 22 Jm •WUVTAWW 15 Jwi If Jum IM 5 M (M 11 Jul MEDITERRANEA 17 Jim »Jm SM 7 Jul I M 21 Jul »»11l CARGO tar t Ciyim (MED CLUB MEMBER)874 words
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Page 22 Advertisements
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Advertisement380 1987-05-26 22 5C CONTAINERSHIP SERVICE TO UK CONTINENT Hapag-Uoyd CONV SEMI CONTAINER SERVICE TO EUROPE CONV SEMI-CONTAINER SERVICE TO MED EUROPE :ONTAINERSHIP SERVICE FROM UK/CONTINENT H burt B'havwi Rdam LaHavra S'ton PK S port HK KAO A'warp Maru SM SM Sid Sid Sid 14 KB TYO Maru Sid Sk) SM Sid SH380 words
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Advertisement502 1987-05-26 22 ft=i: KSline fKELANC CTRS VIA FEEOtR VESSEL FROM [JROPE VIA SUU Member ol the Act Consortium KOREAN CHANCE 31E CHINA CONTAINER X NEPTUNE CRYSTAL 39£ VERRA2ANO BRIDGE ME Hill* CON lAINF RISE 0 10 (ROM NORIH SMI RICA WST COASI CONVENTIONAL SERVICE TO PERSIAN GULF GEN AGENTS: CROWN MARINE CO502 words
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Advertisement463 1987-05-26 22 g K& S LINE JAPAN/HONG KONG/STHAITS SfcRVICh SANKYO LINE (S) PTE LTD. 143 Cec4 Slrfft #10 04 C 8 Rurfdmj S po.f 0106 Irl *****55 Pent KHanj lijj Pmj Sdn Bhd lei 03 *****24'5 Pn.jnj Malaysia ludf t transport ltd Tel 04 *****3 Pas* undiof Sh*>p<rj Agencies Sdn Bhd Id463 words
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Advertisement1133 1987-05-26 22 SL&' EVERGREEN Fall Confjmrr Service EVER LAUREL EVER GENIUS EVER GATHER EVER GUIDE EVER LIVING EVER GLORY EVER LINKINC Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO: 1) PROVIDENCE. NEWARK SAVANNAH lOSTON PHILADELPHIA NORFOLK. JACKSONVILLE. WILMINGTON. BERMUDA ETC 2) ATLANTA CHICAGO DETROIT COLUMUS 1 OTHER HAJOR WCROtRIDGE DESTINATIONS CRISTOBAL. BALBOA,1,133 words
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Page 23 Advertisements
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Advertisement570 1987-05-26 23 \v PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE VESSEL MAJAPAHIT GOWA ROTA SINGA *MUR MURORAN (HOKKAIDO) *KTC HITACHI INDONESIA CONTAINER SERVICE I VESSEL MAJAPAHIT SEA DRAGON SEA DRAGON A li-UJ VESSEL SEA FORTUME SEA GLORY SEA FORTUNE SEA GLORY VOV570 words
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Advertisement681 1987-05-26 23 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT STON HAM I HAVEN It DAM HAVRE 1M 2M 17* 1M 2V* 27* 27* 2M 3/7 5/7 lft'7 MJI UP lip 20* 204 1M 15* nn vn it* an v v up up ISP IV7 an an M OH 15* 21* EXPRESS681 words
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Advertisement658 1987-05-26 23 EXPRESS SEMI CONTAINERSRIP SERVICES D J AS AGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA e P.T. TDIKODA LLOYD ANTWERP S PORE BILBAO BREMEN A DAM/R DAM H'BURC 3/5 11/7 IV7 5-1/1 11/7 15/7 14 1(0 UP 15/7 11/7 am 25/7 a/7 31/7658 words
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Advertisement336 1987-05-26 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR SHIPPING CORPORATION (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok PA-AN VUIW PAGAN VU4W BANK LINE NORTHBOUND TO UKC SPO CLYDEBANK V2ON 7/6 TAMAITAI SAMOA V lON 27/6 FORTHBANK VI9N 8/7 SPORE RDAM HULL 7/6 3/7 12/7 27/6 20/7 28/7 1/7 3/8336 words
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Page 24 Advertisements
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Advertisement1306 1987-05-26 24 LinE SHkPPinG-DRTfI ATLAriTkC COAST (Round-The-World Service) N. JADE V 7 0. FAIR V 3 RAINBOW BRIDGE V 7 N. GARNET V 9 PACIFIC SOUTH-WEST FEEDER VSL PK PN SP MOTHER VSL LA/LB OAK N. JADE V 7 »May MANHATTAN BRIDGE V 2 a Jun 24 Jun 0. FAIR V 31,306 words
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Advertisement689 1987-05-26 24 'M AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Pf o P-Mlanf LW S port 11Mb fnm Sydn Atoo Acctpb rili C R*r* VM 10 t""* "J*? 0 3 s 15 >>"* Juw July 7 July AM;Bra rsTfruPPtow uI! ?H"2l OAS ViS 77 Jun 11 Jut lulf 16 Ju»» M* Ora689 words
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Advertisement886 1987-05-26 24 GOLDEN LINE AQ CV GUAN GUAN SHmtG (PIE) LTD V 23, 1«M Iff s*m lP~*—'""4 SMGAPORf 0104 Itl S34JMS <>• t«B) STRAITS/PERSIAN GULF SERVICE: Spore PKatanfPona GOLDEN HARVEST Colombo/Karachi *ir»a Qabom/Oubai 30/3 June QOLDCN HAVEN Cotombo/Karadii/Muaeat/Behrain 14/15 June— CHINA SERVICE OAI YUM SHAN Hjinkanf/Shanfhai CHINA OCEAN SHIPPING CO., PEKING THE886 words
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Advertisement390 1987-05-26 24 V/AAU 1 IIIVJ iiIUUVJf IUCOUO/i AT Ja J AV) AW# A PHIL lIRON SHIPPING AGENCIES PIE lID PHIII ORIENI LINES PIE LID ~had offici 63 (toewsow ro*d »o" IRQ ASIA BUR DW 1 iNGAPORf 0106 'ft ??3S6.\"' .V}g,'69 ig tlffsi Hill US ;*7?C PH!t < MIDDLE EAST/FAR EAST FCL LCL390 words
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Page 25 Advertisements
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Advertisement853 1987-05-26 25 i 7 m M *£>"« NEPTUNE ACENCIE K \1 f H No _T—_ *****22 *****53 H Hm P Kelang NEPLINE SON. BH *L«"P<" NEPLINE SON BH \\NEPTUNE ORIENT LINES LTD ESSES EAST/EUROPE FULLY CONTAINERISED SERVICE ac«—«» IB EUROPE/UK (VIA SUEZ): I .J" C °ZT XtNCORO 9W Sailed 27/5 15/6 16/6853 words
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Advertisement428 1987-05-26 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG, PENANG. BUSAN. INCHON Vmml'i Nam* No 7 Donam/704N No I Don*m/704N No oonam/706N No 1 Donam/704N M Er»t*rprisa/711N No 7 Donam/TOSN No I Donam/70SN No t Donam/707N No t Donjm/70SN S PORE AGENTS NEPTUNE AGfNCIES PTE LTD T*l 27»11i77»5434428 words
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Advertisement693 1987-05-26 25 r, 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 ***** P KELANC M/S HANDLING SYSTEM CO SDN BHD No 14 Jalan Cunph. Port Kalang. Satonfor. Malaysia693 words
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Advertisement50 1987-05-26 25 FERI MALAYSIA SDN. BHD. RORO CONTAINER PA|IfTISID MCIKIY SERVICE TO KURNIftN KUCHINu H HINABAtU AISO ACCEPTING SEIF DRIVEN HEAVY VEHICLES n 19, K*pp«l Rood #05-02/03 Jit Poh ftuilding S pore 0208 T*4: *****38 (5 Ur*s) Tin: RS ***** SEARO Fax: *****25 Booking Agent; S.M.S. Pt« Ltd T«fe *****55 (5 Uhm)50 words
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Page 26 Advertisements
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Advertisement453 1987-05-26 26 SINGAPORE SHIPPING CORPN.tPTE] LTD. TEL: 225 6868 (30 LINES) TELEX: RS ***** A/B SSCMA. RS ***** A/B SSCAD VEB DEUTF RACHT/SEEREEDEREI ROSTOCK FORTNIGHTLY FULL CONTAINER SERVICE TO EUROPE ggQggi D*****H***** BESfll CMCMf MCMTiMI *VIA COLOMBO: Accepting cargo foe Bombay, Cochin ft Madras "VIA LARNACA: Accepting cargo for Piraeus, Thessakwiki. Imir,453 words
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Page 26 Miscellaneous
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Miscellaneous182 1987-05-26 26 Regional Weather RffKS9HR|O X NM A v s \}*l J EZ i :< S V 'c^ K a M 5* S5 If 1 o*£ C yA CT" Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C182 words
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Page 27 Advertisements
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Advertisement146 1987-05-26 27 9 will CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE K. LUMPUR 04-*****2/4, *****3 07-*****8, *****8, *****5 07-*****1, *****3, *****5, *****0 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE -11 KOBE NAGOTA FROM EUROPE VSL iUTUUKMA 117 N. DELFT 117 LOADING FROM: GOTHENBURG. BREMERHAVEN, HAMBURG. ROTTERDAM OTHER ORIGINS:146 words
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Advertisement317 1987-05-26 27 MN CONTAINER LINE lISA 31/5 TO: LA/LB, OAK/SF, N.YORK 7/6 LA/LB, OAK/SF, N.YORK ACCEPTING LCL/FCL TO ALL PORTS/IPI TRANSTAINERS LINE WEST AFRICA SERVICE PEN/PK SIN TO: DAKAR, CONAKRY 21i5 22/5 ABIDJAN, LOME 275 29/5 CONTONOU, DOUALA LIBREVILLE, PORT GENTIL P. NOIRE. LUANDA ACCEPTING LCL/FCL TO:i ;M i M to Kota317 words
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Page 28 Advertisements
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Advertisement438 1987-05-26 28 FARGO SHIPPING COMPANY<PTE)LTD. REGULAR EXPRESS EULL CONTAINER AND LCL SERVICE MBOUND AGENT FOR ABC CONTAINERLINE From USA/Canada/Europo/KtodltorraMan 200 Cantonment Road #02-03 Southpoint Singapore 0208 Tel: *****22 (4 Lines) CFS (Import) K37 Tel: *****78 CFS (Export) EAL Tel: *****49 AffricA Ocean Uses Ltd. L BUM: RIA. WEST AFRICA SERVI ACCEPTING FCL/LCL438 words
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Advertisement299 1987-05-26 28 SAILINGS EVERY MONDAY ACCERTRM CARGO (LCL FCL) FOR: DAKAR, FREETOWN, MONROVIA, AMOJAN, TEMA, LOME, LAQOS DOUALA Smp.ipiire flprnl. RAHKI MMf DARBY SHIPPINi. HI Id) M '..tMrtSK iSM.'t, v^^t COLUMBUS LINE REEDEREI GMBH ASfR.!< f Of »IA VH' .M u CLYDEBANK V2ON 7* TAMAITAI SAMOA VION 27/6 +FORTHBANK VI9N 1/7 IVYBANK299 words
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Advertisement135 1987-05-26 28 Ta INTRANS DISTRIBUTION SERVICES PTE LTD T«i: *****33 Tlx: RS ***** Fax: 474K79 INBOUND REGULAR FCL AND LCL CONSOLIDATION SERVICES FROM TOKYO KOBE ROTTERDAM OUTBOUND REGULAR LCL CONSOLIDATION SERVICES TO BANGKOK HONG KONG ROTTERDAM FCL/LCL SERVICE TO USA (EAST/WEST COAST) EUROPE FAR EAST/CHINA M b agent Maritime Transpct M a135 words
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Advertisement410 1987-05-26 28 <w, MitscJOSK Lines Lid I CONVENTIONAL/SEMI-CONTAINER AFRICA MARU VOY. SWA26A 30 May Port Louis, Reunion ATLAS MARU VOY. EAA42A 4 Jun Mombasa, Daressalam, Tanga CONTINENTAL PARTNER VOY. EABI2A 18 Jun Mombasa, Daressalam SUBJECT INDUCEMENT AFRICAS N—sNO 1 WEST AFRICA HIMALAYA MARU VOY WAB2BA VAR VOY WAA3A Rmks: Subject Inducement HAYAKAWA410 words
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